Office · Bellevue, Washington
Centre 425 Bellevue, Bellevue (2027 maturity), loan 4 in UBS Commercial Mortgage Trust 2017-C5
Centre 425 Bellevue is financed with a $40.0M CMBS loan at 4.151% that reaches its anticipated repayment date on November 7, 2027, in 12 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $40,000,000
- Original balance (same notes)
- $40,000,000
- Interest rate
- 4.151% fixed
- Originated
- October 18, 2017
- Maturity
- November 7, 2027
- Anticipated repayment date
- November 7, 2027 (the rate steps up if the loan is not repaid by then)
- Payments
- Interest only for the full term
- Prepayment lockout ended
- December 6, 2019
- Prepayment premium ends
- May 6, 2027 (yield maintenance)
- Master servicer
- Midland
- Originator
- Natixis Real Estate Capital LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 425 106th Avenue NE, Bellevue, WA 98004
- Metro
- Seattle-Tacoma-Bellevue, WA
- Rentable area
- 364,579 sq ft
- Built
- 2017
- Largest tenants
- Amazon.com Services LLC PAR KG; Sano Group LLC; Bank of America
- Value at securitization
- $316.0M (Oct 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 3.86x | 4.53x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $15.3M | $35.8M |
| Debt yield | 89.6% |
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 UBS Commercial Mortgage Trust 2017-C5 filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 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.
What the filing shows
- Net operating income is 135% above the underwritten figure ($35.8M a year against $15.3M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 3.86x at securitization to 4.53x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $40.0M | Current | No | 4.53x | 100% |
| August 2026 | $40.0M | Current | No | n/a | n/a |
| July 2026 | $40.0M | Current | No | n/a | n/a |
| June 2026 | $40.0M | Current | No | n/a | n/a |
| May 2026 | $40.0M | Current | No | n/a | n/a |
| April 2026 | $40.0M | Current | No | 4.42x | 100% |
| March 2026 | $40.0M | Current | No | 4.42x | 100% |
| February 2026 | $40.0M | Current | No | 4.31x | 100% |
| January 2026 | $40.0M | Current | No | 4.34x | 100% |
| December 2025 | $40.0M | Current | No | 4.34x | 100% |
| November 2025 | $40.0M | Current | No | 4.34x | 100% |
| October 2025 | $40.0M | Current | No | 4.34x | 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
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| UBS Commercial Mortgage Trust 2017-C5 | 4 | $40,000,000 | Sep 2026 | SEC filing, September 28, 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 |
| Bravern Office Commons | Bellevue, WA | Office | $75.0M | 3.203% | Jan 2027 | 3.54x | 100% | With the special servicer and 90+ days delinquent |
| 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 |
| 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.