Office · Bellevue, Washington
Bravern Office Commons
Bravern Office Commons is financed with a $75.0M CMBS loan at 3.203% that reaches maturity on January 11, 2027, in 2 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer and 90+ days delinquent.
The loan
- Balance in tracked trusts
- $75,000,000
- Original balance (same notes)
- $75,000,000
- Interest rate
- 3.203% fixed
- Originated
- December 19, 2019
- Maturity
- January 11, 2027
- Payments
- Interest only for the full term
- Prepayment lockout ended
- April 10, 2022
- Prepayment premium ends
- September 10, 2026 (yield maintenance)
- Master servicer
- Trimont LLC
- Originator
- Bank of America, National Association
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred September 4, 2025
- Workout strategy
- TBD
- Defeasance
- Partly defeased
The property
- Address
- 11025,11065 and 11155 Northeast 8th Street, Bellevue, WA 98004
- Metro
- Seattle-Tacoma-Bellevue, WA
- Rentable area
- 749,694 sq ft
- Built
- 2009
- Largest tenants
- MICROSOFT CORPORATION
- Value at securitization
- $605.0M (Nov 2019)
Performance
| At securitization | Latest (Jun 2025) | |
|---|---|---|
| DSCR (NOI) | 4.71x | 3.54x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $34.9M | $35.1M |
| Debt yield | 46.8% |
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 BANK 2020-BNK26 filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
- Coverage down 0.25x or more from securitization
- Matures within 12 months
On the cmbs.news watch list in all 12 monthly reports we hold (October 2025 to September 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
- Debt service coverage moved from 4.71x at securitization to 3.54x on the latest statements.
- The filing gives Jun 2025 as the lease end date for the largest tenant (MICROSOFT CORPORATION), 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 | 90+ days delinquent | Yes | 3.54x | 100% |
| August 2026 | $75.0M | 90+ days delinquent | Yes | 3.54x | 100% |
| July 2026 | $75.0M | 90+ days delinquent | Yes | 3.54x | 100% |
| June 2026 | $75.0M | 90+ days delinquent | Yes | 3.54x | 100% |
| May 2026 | $75.0M | 90+ days delinquent | Yes | 3.54x | 100% |
| April 2026 | $75.0M | 90+ days delinquent | Yes | 3.54x | 100% |
| March 2026 | $75.0M | 90+ days delinquent | Yes | 3.54x | 100% |
| February 2026 | $75.0M | 90+ days delinquent | Yes | 3.54x | 100% |
| January 2026 | $75.0M | 90+ days delinquent | Yes | 3.54x | 100% |
| December 2025 | $75.0M | 90+ days delinquent | Yes | 3.54x | 100% |
| November 2025 | $75.0M | 60-89 days delinquent | Yes | 3.54x | 100% |
| October 2025 | $75.0M | 30-59 days delinquent | Yes | 3.54x | 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.
Special-servicing history
- Transferred to the special servicer September 4, 2025, still there.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BANK 2020-BNK26 | 2 | $75,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
Other Seattle-Tacoma-Bellevue loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Komo Plaza | Seattle, WA | Mixed use | $139.0M | 4.299% | Jan 2027 | 2.85x | 100% | Current |
| Westin Building Exchange | Seattle, WA | Other | $135.0M | 3.29% | Jul 2027 | 18.47x | 71% | Current |
| Grand Hyatt Seattle | Seattle, WA | Hotel | $133.0M | 4.74% | Jun 2027 | -0.24x | 66% | Current |
| Renaissance Seattle Hotel | Seattle, WA | Hotel | $127.0M | 4.81% | Jun 2027 | 0.41x | 66% | Current |
| 1000 Denny Way | Seattle, WA | Office | $56.0M | 5.107% | Feb 2027 | 1.69x | 57% | With the special servicer |
| Centre 425 Bellevue, Bellevue (2027 maturity), loan 8 in CSAIL 2017-CX10 Commercial Mortgage Trust | Bellevue, WA | Office | $44.0M | 4.151% | Nov 2027 | 1.94x | 100% | Current |
| Centre 425 Bellevue, Bellevue (2027 maturity), loan 4 in UBS Commercial Mortgage Trust 2017-C5 | Bellevue, WA | Office | $40.0M | 4.151% | Nov 2027 | 4.53x | 100% | Current |
| Meridian Sunrise Village | Puyallup, WA | Retail | $35.0M | 4.62% | Oct 2027 | 2.41x | 96% | Current |
All loans maturing in 2027 · All Seattle-Tacoma-Bellevue 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.