Office · King of Prussia, Pennsylvania
935 First Avenue
935 First Avenue is financed with a $12.9M CMBS loan at 5.10% that reaches maturity on January 1, 2027, in 2 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $12,936,013
- Original balance (same notes)
- $14,800,000
- Interest rate
- 5.10% fixed
- Originated
- December 14, 2016
- Maturity
- January 1, 2027
- Payments
- Interest only for 24 months, then amortizing
- Prepayment lockout ended
- July 31, 2026
- Master servicer
- Trimont LLC
- Originator
- KeyBank
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 935 First Avenue, King of Prussia, PA 19406
- Metro
- Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
- Rentable area
- 103,334 sq ft
- Built
- 2001
- Largest tenants
- Radial Inc.
- Value at securitization
- $25.8M (Nov 2016)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 1.62x | 2.36x |
| Occupancy | 100% | 100% |
| Net operating income | $1.6M | $2.3M |
| Debt yield | 17.6% |
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 Bank of America Merrill Lynch Trust 2017-C33 filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- Matures 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 46% above the underwritten figure ($2.3M a year against $1.6M).
- Debt service coverage moved from 1.62x at securitization to 2.36x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $12.9M | Current | No | 2.36x | 100% |
| August 2026 | $13.0M | Current | No | 2.36x | 100% |
| July 2026 | $13.0M | Current | No | 2.36x | 100% |
| June 2026 | $13.0M | Current | No | 2.36x | 100% |
| May 2026 | $13.0M | Current | No | 2.36x | 100% |
| April 2026 | $13.1M | Current | No | 2.31x | 100% |
| March 2026 | $13.1M | Current | No | 2.31x | 100% |
| February 2026 | $13.1M | Current | No | 2.31x | 100% |
| January 2026 | $13.1M | Current | No | 2.31x | 100% |
| December 2025 | $13.2M | Current | No | 2.34x | 100% |
| November 2025 | $13.2M | Current | No | 2.34x | 100% |
| October 2025 | $13.2M | Current | No | 2.32x | 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 |
|---|---|---|---|---|
| Morgan Stanley Bank of America Merrill Lynch Trust 2017-C33 | 14 | $12,936,013 | Sep 2026 | SEC filing, October 2, 2026 |
Other Philadelphia-Camden-Wilmington loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Apex Fort Washington | Fort Washington, PA | Office | $48.0M | 5.28% | Mar 2027 | 1.12x | 66% | Current |
| Riverview Landing | Eagleville, PA | Multifamily | $44.0M | 4.944% | Nov 2027 | 1.32x | 93% | Current |
| Rodin Place | Philadelphia, PA | Mixed use | $41.6M | 4.35% | Aug 2027 | 1.55x | 76% | Current |
| Great Valley Commerce Center | Malvern, PA | Office | $40.9M | 4.48% | Aug 2027 | 1.91x | 86% | Current |
| Overlook at King of Prussia | King of Prussia, PA | Retail | $40.8M | 3.82% | Sep 2027 | 2.17x | 100% | Current |
| Kirkwood Plaza | Wilmington, DE | Retail | $32.5M | 4.59% | Nov 2027 | 2.06x | 79% | Current |
| Bakers Centre | Philadelphia, PA | Retail | $32.0M | 3.942% | Nov 2027 | 3.06x | 100% | Current |
| Valley Creek Corporate Center | Exton, PA | Office | $31.6M | 4.30% | Jun 2027 | 1.18x | 49% | With the special servicer |
All loans maturing in 2027 · All Philadelphia-Camden-Wilmington 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.