Office · Fort Washington, Pennsylvania
Apex Fort Washington
Public CMBS trusts hold $48.0M of the loan on Apex Fort Washington at 5.28% that reaches maturity on March 6, 2027, in 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
- $48,036,870
- Original balance (same notes)
- $54,500,000
- Interest rate
- 5.28% fixed
- Originated
- February 17, 2017
- Maturity
- March 6, 2027
- Payments
- Interest only for 24 months, then amortizing
- Prepayment lockout ended
- July 5, 2019
- Master servicer
- Midland Loan Services
- Originator
- BSP
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 600-602 West Office Center Dr, Fort Washington, PA 19034
- Metro
- Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
- Rentable area
- 393,312 sq ft
- Built
- 1988, renovated 2015
- Largest tenants
- Lincoln Investment Planning; United Communications Services; Impax Laborabories, Inc
- Value at securitization
- $84.6M (Jan 2018)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.53x | 1.12x |
| Occupancy | 92% | 66% |
| Net operating income | $5.5M | $4.1M |
| Debt yield | 8.5% |
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 2017-CX9 Commercial Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
- Matures within 12 months
- 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
- Occupancy has fallen from 92% when the loan was securitized to 66%.
- Net operating income is 26% below the underwritten figure ($4.1M a year against $5.5M).
- Debt service coverage moved from 1.53x at securitization to 1.12x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $48.0M | Current | No | 1.12x | 66% |
| August 2026 | $48.1M | Current | No | 1.12x | 66% |
| July 2026 | $48.2M | Current | No | 1.25x | 66% |
| June 2026 | $48.3M | Current | No | 1.25x | 66% |
| May 2026 | $48.4M | Current | No | 1.25x | 66% |
| April 2026 | $48.5M | Current | No | 1.25x | 66% |
| March 2026 | $48.5M | Current | No | 1.32x | 66% |
| February 2026 | $48.6M | Current | No | 1.32x | 66% |
| January 2026 | $48.7M | Current | No | 1.32x | 66% |
| December 2025 | $48.8M | Current | No | 4.64x | 66% |
| November 2025 | $48.9M | Current | No | 4.64x | 66% |
| October 2025 | $49.0M | Current | No | 4.64x | 66% |
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
The loan is split into 3 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| JPMCC Commercial Mortgage Securities Trust 2017-JP6 | 14 | $18,509,620 | Sep 2026 | SEC filing, September 28, 2026 |
| JPMCC Commercial Mortgage Securities Trust 2017-JP7 | 15 | $14,763,625 | Sep 2026 | SEC filing, September 28, 2026 |
| CSAIL 2017-CX9 Commercial Mortgage Trust | 20 | $14,763,625 | Sep 2026 | SEC filing, September 28, 2026 |
Other Philadelphia-Camden-Wilmington loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 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 |
| Shoppes At Flowers Mill | Langhorne, PA | Retail | $26.3M | 4.70% | Oct 2027 | 1.28x | 89% | Current |
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.