Office · Philadelphia, Pennsylvania
Duane Morris Plaza
Duane Morris Plaza is financed with a $105.3M CMBS loan at 3.844% that reaches maturity on November 11, 2029, in 3 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $105,300,000
- Original balance (same notes)
- $105,300,000
- Interest rate
- 3.844% fixed
- Originated
- November 7, 2017
- Maturity
- November 11, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ended
- January 10, 2020
- Prepayment premium ends
- May 10, 2027 (yield maintenance)
- Master servicer
- Trimont LLC
- Originator
- Wells Fargo Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred January 31, 2025, returned August 4, 2025
- Workout strategy
- Resolved
- Modified
- Yes, most recently March 18, 2025
- Defeasance
- None reported
The property
- Address
- 30 South 17th Street, Philadelphia, PA 19103
- Metro
- Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
- Rentable area
- 617,476 sq ft
- Built
- 1975, renovated 2002
- Largest tenants
- DUANE MORRIS LLP; GUY CARPENTER & COMPANY INC.; Convene South 17th LLC
- Value at securitization
- $154.0M (Oct 2017)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 2.59x | 1.69x |
| Occupancy | 95% | 92% |
| Net operating income | $10.6M | $7.0M |
| Debt yield | 6.6% |
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 BANK 2017-BNK9 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage down 0.25x or more from securitization
- NOI down 20% or more from securitization
- Modified
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 35% below the underwritten figure ($7.0M a year against $10.6M).
- Debt service coverage moved from 2.59x at securitization to 1.69x on the latest statements.
- The most recent valuation in the filing is $70.9M (February 18, 2025), against $154.0M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $105.3M | Current | No | 1.69x | 92% |
| August 2026 | $105.3M | Current | No | 1.69x | 92% |
| July 2026 | $105.3M | Current | No | 2.01x | 92% |
| June 2026 | $105.3M | Current | No | 2.01x | 92% |
| May 2026 | $105.3M | Current | No | 1.64x | 93% |
| April 2026 | $105.3M | Current | No | 1.64x | 93% |
| March 2026 | $105.3M | Current | No | 1.64x | 93% |
| February 2026 | $105.3M | Current | No | 1.64x | 93% |
| January 2026 | $105.3M | Current | No | 1.47x | 86% |
| December 2025 | $105.3M | Current | No | 2.29x | 89% |
| November 2025 | $105.3M | Current | No | 2.29x | 89% |
| October 2025 | $105.3M | Current | No | 2.29x | 89% |
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 January 31, 2025, returned to the master servicer August 4, 2025.
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 2017-BNK9 | 1 | $105,300,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Philadelphia-Camden-Wilmington loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Cira Square | Philadelphia, PA | Office | $135.0M | 6.851% | Jun 2029 | 2.98x | 100% | Current |
| The Piazza | Philadelphia, PA | Multifamily | $108.5M | 5.91% | Aug 2029 | 1.15x | 100% | Current |
| 3001 Red Lion Road | Philadelphia, PA | Office | $91.8M | 3.379% | Nov 2029 | n/a | n/a | Current |
| Hilton Penn's Landing | Philadelphia, PA | Hotel | $70.0M | 4.88% | Aug 2029 | 1.37x | 69% | Current |
| Presidential City | Philadelphia, PA | Multifamily | $60.0M | 3.498% | Sep 2029 | 0.91x | 92% | Current |
| One & Olney | Philadelphia, PA | Retail | $50.0M | 3.48% | Oct 2029 | 3.09x | 99% | Current |
| 1000 Chesterbrook | Berwyn, PA | Office | $37.9M | 4.14% | Oct 2029 | 1.72x | 100% | Current |
| Global Data Center | Collegeville, PA | Other | $37.0M | 4.32% | Aug 2029 | 2.84x | 100% | Current |
All loans maturing in 2029 · All Philadelphia-Camden-Wilmington 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.