Retail · Covington, Washington
Covington Center II
Covington Center II is financed with a $13.7M CMBS loan at 4.50% that reaches maturity on September 1, 2027, in 10 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $13,723,546
- Original balance (same notes)
- $16,500,000
- Interest rate
- 4.50% fixed
- Originated
- August 8, 2017
- Maturity
- September 1, 2027
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- June 30, 2027
- Master servicer
- Trimont LLC
- Originator
- KeyBank
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 17002 Southeast 270th Place; 16908 Southeast 269th Place, Covington, WA 98042
- Metro
- Seattle-Tacoma-Bellevue, WA
- Rentable area
- 106,674 sq ft
- Built
- 2006
- Largest tenants
- Kohl's Deparment Stores Inc.; TRAPPER'S SUSHI INC.; BON APPETIT
- Value at securitization
- $24.0M (Jun 2017)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 1.49x | 1.50x |
| Occupancy | 100% | 100% |
| Net operating income | $1.5M | $1.5M |
| Debt yield | 11.0% |
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-C7 filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- 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
- The filing gives Jan 2027 as the lease end date for the largest tenant (Kohl's Deparment Stores Inc.), 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 | $13.7M | Current | No | 1.50x | 100% |
| August 2026 | $13.8M | Current | No | 1.50x | 100% |
| July 2026 | $13.8M | Current | No | 1.50x | 100% |
| June 2026 | $13.8M | Current | No | 1.50x | 100% |
| May 2026 | $13.8M | Current | No | 1.50x | 100% |
| April 2026 | $13.9M | Current | No | 1.50x | 100% |
| March 2026 | $13.9M | Current | No | 1.50x | 100% |
| February 2026 | $13.9M | Current | No | 1.50x | 100% |
| January 2026 | $14.0M | Current | No | 1.51x | 100% |
| December 2025 | $14.0M | Current | No | 1.51x | 100% |
| November 2025 | $14.0M | Current | No | 1.57x | 100% |
| October 2025 | $14.1M | Current | No | 1.57x | 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-C7 | 18 | $13,723,546 | 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 |
| 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 |
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.