Multifamily portfolio, 3 properties · Washington
Capitol Hill Apartment Portfolio
This portfolio is financed with a $12.8M CMBS loan at 4.171% that reached maturity on September 1, 2026, 1 month ago. As of the Sep 2026 servicer report, the latest filed for this loan, its status is past maturity and not performing.
The loan
- Balance in tracked trusts
- $12,751,184
- Original balance (same notes)
- $15,000,000
- Interest rate
- 4.171% fixed
- Originated
- September 1, 2016
- Maturity
- September 1, 2026
- Payments
- Interest only for 24 months, then amortizing
- Prepayment lockout ended
- April 30, 2026
- Master servicer
- Trimont LLC
- Originator
- BANA
Status
- Payment status
- Non performing matured balloon. (code 5)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Units, rooms or beds
- 162
- Value at securitization
- $21.3M (Jun 2016)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.43x | 1.09x |
| Occupancy | 100% | 96% |
| Net operating income | $1.3M | $954K |
| Debt yield | 7.5% |
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 Morgan Stanley Bank of America Merrill Lynch Trust 2016-C32 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- 30+ days delinquent or matured unpaid
- Coverage down 0.25x or more from securitization
- NOI down 20% or more from securitization
- Past maturity
On the cmbs.news watch list in every report since 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
- Occupancy has fallen from 100% when the loan was securitized to 96%.
- Net operating income is 24% below the underwritten figure ($954K a year against $1.3M).
- Debt service coverage moved from 1.43x at securitization to 1.09x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $12.8M | Non performing matured balloon | No | 1.09x | 96% |
| August 2026 | $12.8M | Late payment but less than 30 days delinquent | No | 1.09x | 96% |
| July 2026 | $12.8M | Current | No | 1.15x | 91% |
| June 2026 | $12.8M | Current | No | 1.15x | 91% |
| May 2026 | $12.8M | Current | No | 1.23x | 88% |
| April 2026 | $12.8M | Current | No | 1.23x | 88% |
| March 2026 | $12.9M | Current | No | 1.20x | 86% |
| February 2026 | $12.9M | Current | No | 1.20x | 86% |
| January 2026 | $12.9M | Current | No | 1.20x | 86% |
| December 2025 | $12.9M | Current | No | 1.20x | 86% |
| November 2025 | $13.0M | Current | No | 1.20x | 86% |
| October 2025 | $13.0M | Current | No | 1.21x | 91% |
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 2016-C32 | 21 | $12,751,184 | Sep 2026 | SEC filing, September 29, 2026 |
Other Washington loans due in 2026
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Google Kirkland Campus Phase II | Kirkland, WA | Office | $72.5M | 3.674% | Nov 2026 | 4.00x | n/a | Current |
| Everett Plaza | Everett, WA | Retail | $22.0M | 4.54% | Nov 2026 | 1.26x | 83% | Current |
| Federal Way Crossings | Federal Way, WA | Retail | $20.8M | 4.589% | Nov 2026 | 1.32x | 100% | Current |
| Courtyard Marriott Richland | Richland, WA | Hotel | $10.0M | 5.18% | Dec 2026 | 3.09x | 65% | Current |
| 21st Center | Bellevue, WA | Industrial | $6.5M | 4.74% | Dec 2026 | n/a | n/a | Current |
| Best Western Battleground | Battle Ground, WA | Hotel | $2.7M | 6.35% | Dec 2026 | 3.96x | 81% | Current |
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.