Office · Sacramento, California
925 L Street
925 L Street is financed with a $30.1M CMBS loan at 4.223% that reaches maturity on December 6, 2027, in 13 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $30,109,586
- Original balance (same notes)
- $32,200,000
- Interest rate
- 4.223% fixed
- Originated
- November 21, 2017
- Maturity
- December 6, 2027
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ended
- January 5, 2020
- Prepayment premium ends
- August 5, 2027 (yield maintenance)
- Master servicer
- Trimont LLC
- Originator
- Starwood Mortgage Capital LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 925 L Street, Sacramento, CA 95814
- Metro
- Sacramento-Roseville-Folsom, CA
- Rentable area
- 168,850 sq ft
- Built
- 1972, renovated 1997
- Largest tenants
- LCB Legislative Counsel Bureau; State of Calif Legislative Analyst's Office; Capitol Advisors Group LLC
- Value at securitization
- $47.3M (Nov 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.73x | 1.47x |
| Occupancy | 91% | 91% |
| Net operating income (annualized from 6 months) | $3.3M | $2.8M |
| Debt yield | 9.3% |
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 Morgan Stanley Capital I Trust 2017-HR2 filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- Coverage down 0.25x or more from securitization
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 14% below the underwritten figure ($2.8M a year against $3.3M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.73x at securitization to 1.47x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $30.1M | Current | No | 1.47x | 91% |
| August 2026 | $30.2M | Current | No | 1.80x | 92% |
| July 2026 | $30.2M | Current | No | 1.80x | 92% |
| June 2026 | $30.3M | Current | No | 1.80x | 92% |
| May 2026 | $30.3M | Current | No | 1.80x | 92% |
| April 2026 | $30.4M | Current | No | 1.80x | 92% |
| March 2026 | $30.4M | Current | No | 1.80x | 92% |
| February 2026 | $30.5M | Current | No | 1.80x | 92% |
| January 2026 | $30.5M | Current | No | 1.70x | 91% |
| December 2025 | $30.6M | Current | No | 1.70x | 91% |
| November 2025 | $30.6M | Current | No | 1.70x | 91% |
| October 2025 | $30.7M | Current | No | 1.47x | 90% |
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 |
|---|---|---|---|---|
| Morgan Stanley Capital I Trust 2017-HR2 | 7 | $30,109,586 | Sep 2026 | SEC filing, October 2, 2026 |
Other Sacramento-Roseville-Folsom loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Capital Center II | Rancho Cordova, CA | Office | $40.0M | 4.264% | Aug 2027 | n/a | n/a | Current |
| Walmart Central | Folsom, CA | Retail | $24.4M | 4.34% | Aug 2027 | 1.00x | 100% | Current |
| Goldorado Shopping Center | Cameron Park, CA | Retail | $14.3M | 4.09% | Sep 2027 | 2.52x | 90% | Current |
| Courtyard Sacramento Midtown | Sacramento, CA | Hotel | $13.9M | 5.629% | Jan 2027 | 2.37x | 73% | Current |
| Modesto Springhill Suites | Modesto, CA | Hotel | $12.7M | 5.32% | Jan 2027 | 0.82x | 79% | Current |
| Parkway Office | Sacramento, CA | Office | $12.0M | 3.655% | Dec 2027 | 3.22x | 100% | Current |
| Discovery Plaza | Sacramento, CA | Retail | $9.8M | 4.531% | Aug 2027 | 2.58x | 96% | Current |
| Park Plaza, Sacramento | Sacramento, CA | Office | $9.5M | 4.30% | Sep 2027 | 1.72x | 75% | Current |
All loans maturing in 2027 · All Sacramento-Roseville-Folsom 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.