Office · Burlingame, California
Burlingame Point
Public CMBS trusts hold $360.0M of the loan on Burlingame Point at 3.017% that reaches its anticipated repayment date on July 6, 2030, in 3 years and 8 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $360,000,000
- Original balance (same notes)
- $360,000,000
- Interest rate
- 3.017% fixed
- Originated
- April 1, 2021
- Maturity
- January 6, 2033
- Anticipated repayment date
- July 6, 2030 (the rate steps up if the loan is not repaid by then)
- Payments
- Amortizing
- Master servicer
- KeyBank Real Estate Capital
- Originator
- GSBI
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 322 300 333 311 307 Airport Blvd, Burlingame, CA 94010
- Metro
- San Francisco-Oakland-Fremont, CA
- Rentable area
- 805,118 sq ft
- Built
- 2021
- Largest tenants
- FACEBOOK INC; FACEBOOK INC; FACEBOOK INC
- Value at securitization
- $1.0B (Jan 2021)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | n/a | 2.68x |
| Occupancy | 100% | 100% |
| Net operating income | n/a | $50.8M |
| Debt yield | 14.1% |
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 Benchmark 2021-B26 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 2026.
None this month. No flag in the cmbs.news screen applies to this loan.
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $360.0M | Current | No | 2.68x | 100% |
| August 2026 | $360.0M | Current | No | 2.68x | 100% |
| July 2026 | $360.0M | Current | No | 2.68x | 100% |
| June 2026 | $360.0M | Current | No | 2.68x | 100% |
| May 2026 | $360.0M | Current | No | 2.68x | 100% |
| April 2026 | $360.0M | Current | No | 2.70x | 100% |
| March 2026 | $360.0M | Current | No | 2.70x | 100% |
| February 2026 | $360.0M | Current | No | 2.70x | 100% |
| January 2026 | $360.0M | Current | No | 2.71x | 100% |
| December 2025 | $360.0M | Current | No | 2.71x | 100% |
| November 2025 | $360.0M | Current | No | 2.71x | 100% |
| October 2025 | $360.0M | Current | No | 2.71x | 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
The loan is split into 7 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Benchmark 2021-B25 Mortgage Trust | 1 | $120,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
| BENCHMARK 2021-B27 MORTGAGE TRUST | 1 | $84,000,000 | Sep 2026 | SEC filing, September 30, 2026 |
| BANK 2021-BNK34 | 6 | $60,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| Benchmark 2021-B26 Mortgage Trust | A-1-C3 | $40,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
| Benchmark 2021-B26 Mortgage Trust | A-2-C2 | $24,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
| Benchmark 2021-B26 Mortgage Trust | A-3-C2 | $22,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
| Benchmark 2021-B26 Mortgage Trust | A-3-C4 | $10,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
Other San Francisco-Oakland-Fremont loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Radius at Harbor Bay | Alameda, CA | Other | $166.4M | 6.126% | Jan 2030 | 1.48x | 90% | Current |
| 525 Market Street | San Francisco, CA | Office | $110.0M | 2.95% | Feb 2030 | 2.17x | 70% | Current |
| The Plaza at Walnut Creek | Walnut Creek, CA | Office | $97.2M | 6.598% | Feb 2030 | 2.87x | 93% | Current |
| 420 Taylor | San Francisco, CA | Office | $79.5M | 3.75% | Aug 2030 | 3.45x | 100% | Current |
| 525 Market | San Francisco, CA | Office | $50.0M | 2.95% | Feb 2030 | 2.12x | 72% | Current |
| Panoramic Berkeley | Berkeley, CA | Multifamily | $42.0M | 3.848% | Apr 2030 | 2.23x | 99% | Current |
| 1420 Harbor Bay Parkway | Alameda, CA | Mixed use | $41.6M | 6.126% | Jan 2030 | n/a | n/a | Current |
| 1019 Market Street | San Francisco, CA | Mixed use | $33.5M | 3.78% | Jan 2030 | n/a | n/a | With the special servicer |
All loans maturing in 2030 · All San Francisco-Oakland-Fremont 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.