Office · Mountain View, California
899 West Evelyn
899 West Evelyn is financed with a $75.0M CMBS loan at 3.236% that reaches maturity on November 6, 2029, in 3 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $75,000,000
- Original balance (same notes)
- $75,000,000
- Interest rate
- 3.236% fixed
- Originated
- October 17, 2019
- Maturity
- November 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- May 5, 2029
- Master servicer
- Midland Loan Services
- Originator
- Deutsche Bank AG, New York Branch
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 899 West Evelyn, Mountain View, CA 94041
- Metro
- San Jose-Sunnyvale-Santa Clara, CA
- Rentable area
- 75,475 sq ft
- Built
- 2013
- Largest tenants
- Confluent
- Value at securitization
- $133.5M (Sep 2019)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 2.77x | 3.51x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 3 months) | $6.8M | $8.7M |
| Debt yield | 11.7% |
Debt yield here is the latest NOI divided by the balance held in the trusts below. If part of the loan sits outside them, the true figure is lower.
Watch flags
Computed from the BENCHMARK 2019-B15 MORTGAGE TRUST filing for the reporting period ending September 11, 2026, filed with the SEC September 30, 2026.
- Largest tenant's lease ends within 12 months
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
What the filing shows
- Net operating income is 29% above the underwritten figure ($8.7M a year against $6.8M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 2.77x at securitization to 3.51x on the latest statements.
- The most recent valuation in the filing is $136.5M (November 1, 2019), against $133.5M at securitization.
- The filing gives Oct 2026 as the lease end date for the largest tenant (Confluent), before the loan matures. Lenders look hard at that rollover.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $75.0M | Current | No | 3.51x | 100% |
| August 2026 | $75.0M | Current | No | 3.51x | 100% |
| July 2026 | $75.0M | Current | No | 3.51x | 100% |
| June 2026 | $75.0M | Current | No | n/a | n/a |
| May 2026 | $75.0M | Current | No | n/a | n/a |
| April 2026 | $75.0M | Current | No | 3.61x | 100% |
| March 2026 | $75.0M | Current | No | 3.61x | 100% |
| February 2026 | $75.0M | Current | No | 3.61x | 100% |
| January 2026 | $75.0M | Current | No | 3.61x | 100% |
| December 2025 | $75.0M | Current | No | 3.61x | 100% |
| November 2025 | $75.0M | Current | No | 3.70x | 100% |
| October 2025 | $75.0M | Current | No | 3.70x | 100% |
From each trust's ABS-EE filing for that month. Coverage and occupancy change only when the servicer reports new statements. If one trust holding a piece of the loan skipped a month, that month's balance reads low.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BENCHMARK 2019-B15 MORTGAGE TRUST | 1 | $75,000,000 | Sep 2026 | SEC filing, September 30, 2026 |
Other San Jose-Sunnyvale-Santa Clara loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Moffett Towers II | Sunnyvale, CA | Office | $180.3M | 3.764% | Jul 2029 | n/a | n/a | Current |
| Moffett Towers II Building V | Sunnyvale, CA | Office | $170.0M | 4.026% | Apr 2029 | 3.24x | 100% | Current |
| Moffett Towers Building D | Sunnyvale, CA | Office | $145.0M | 6.96% | Aug 2029 | 1.73x | 100% | Current |
| Western Digital Milpitas Campus | Milpitas, CA | Industrial | $126.0M | 6.844% | Feb 2029 | 1.83x | 100% | Current |
| Moffett Towers II - Buildings 3 & 4 | Sunnyvale, CA | Office | $114.8M | 3.764% | Jul 2029 | 2.32x | 100% | Current |
| 600 & 620 National Avenue | Mountain View, CA | Office | $69.0M | 3.688% | Sep 2029 | 2.08x | 100% | Current |
| 620 National | Mountain View, CA | Office | $69.0M | 3.688% | Sep 2029 | 2.08x | 100% | Current |
| AC by Marriott San Jose | San Jose, CA | Hotel | $60.0M | 4.93% | Apr 2029 | n/a | n/a | Current |
All loans maturing in 2029 · All San Jose-Sunnyvale-Santa Clara loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.