Multifamily · Washington, District of Columbia
Adams Tower Apartments
Adams Tower Apartments is financed with a $10.5M CMBS loan at 3.53% that reaches maturity on March 5, 2030, in 3 years and 4 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $10,500,000
- Original balance (same notes)
- $10,500,000
- Interest rate
- 3.53% fixed
- Originated
- January 31, 2020
- Maturity
- March 5, 2030
- Payments
- Interest only for the full term
- Prepayment lockout ended
- February 4, 2023
- Master servicer
- Midland Loan Services
- Originator
- Grass River Real Estate Credit Partners Loan Funding, LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 2325 15th Street, N.W., Washington, DC 20009
- Metro
- Washington-Arlington-Alexandria, DC-VA-MD-WV
- Units, rooms or beds
- 77
- Built
- 1937, renovated 2015
- Value at securitization
- $16.3M (Nov 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.12x | 0.91x |
| Occupancy | 92% | 74% |
| Net operating income (annualized from 6 months) | $798K | $690K |
| Debt yield | 6.6% |
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 CSAIL 2020-C19 Commercial Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
On the cmbs.news watch list in every report since July 2026.
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
- Occupancy has fallen from 92% when the loan was securitized to 74%.
- Net operating income is 14% below the underwritten figure ($690K a year against $798K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.12x at securitization to 0.91x on the latest statements.
- At 0.91x, the property's reported NOI does not cover its debt service.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $10.5M | Current | No | 0.91x | 74% |
| August 2026 | $10.5M | Current | No | 0.57x | 74% |
| July 2026 | $10.5M | Current | No | 0.57x | 77% |
| June 2026 | $10.5M | Current | No | n/a | n/a |
| May 2026 | $10.5M | Current | No | n/a | n/a |
| April 2026 | $10.5M | Current | No | 1.26x | 91% |
| March 2026 | $10.5M | Current | No | 1.26x | 91% |
| February 2026 | $10.5M | Current | No | 1.26x | 91% |
| January 2026 | $10.5M | Late payment but less than 30 days delinquent | No | 1.26x | 91% |
| December 2025 | $10.5M | Current | No | 1.26x | 91% |
| November 2025 | $10.5M | Current | No | 1.25x | 94% |
| October 2025 | $10.5M | Current | No | 1.25x | 94% |
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 |
|---|---|---|---|---|
| CSAIL 2020-C19 Commercial Mortgage Trust | 26 | $10,500,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other Washington-Arlington-Alexandria loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Springfield Town Center | Springfield, VA | Retail | $150.0M | 7.115% | Jul 2030 | 1.56x | 96% | Current |
| Four Constitution Square | Washington, DC | Office | $138.0M | 2.536% | Nov 2030 | 5.02x | 100% | Current |
| 9911 Belward | Rockville, MD | Office | $128.7M | 5.00% | Oct 2030 | n/a | n/a | Current |
| The Wharf | Washington, DC | Other | $102.5M | 5.439% | Jul 2030 | n/a | n/a | Current |
| The Liz | Washington, DC | Mixed use | $93.0M | 4.45% | Aug 2030 | 1.54x | 92% | Current |
| 1401 H | Washington, DC | Office | $78.0M | 6.80% | Apr 2030 | 1.42x | 79% | Current |
| 3170 & 3180 Fairview Park Drive | Falls Church, VA | Office | $51.7M | 3.288% | Nov 2030 | 2.44x | 98% | Current |
| St. Charles Towne Plaza | Waldorf, MD | Retail | $28.5M | 6.83% | Jun 2030 | 1.90x | 100% | Current |
All loans maturing in 2030 · All Washington-Arlington-Alexandria 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.