Retail · Everett, Washington
Everett Plaza
Everett Plaza is financed with a $22.0M CMBS loan at 4.54% that reaches maturity on November 6, 2026, this month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $21,961,698
- Original balance (same notes)
- $27,000,000
- Interest rate
- 4.54% fixed
- Originated
- November 1, 2016
- Maturity
- November 6, 2026
- Payments
- Amortizing over 30 years
- Prepayment lockout ended
- January 5, 2019
- Master servicer
- Trimont LLC
- Originator
- BSP
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1201-1505 Southeast Everett Mall Way, Everett, WA 98208
- Metro
- Seattle-Tacoma-Bellevue, WA
- Rentable area
- 123,913 sq ft
- Built
- 1986
- Largest tenants
- Michael's Stores Inc.; Petco Animal Supplies Stores Inc.; High Trek Ventures LLC
- Value at securitization
- $39.0M (Oct 2016)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.44x | 1.26x |
| Occupancy | 82% | 83% |
| Net operating income (annualized from 6 months) | $2.4M | $2.1M |
| Debt yield | 9.5% |
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 JPMCC Commercial Mortgage Securities Trust 2016-JP4 filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- Matures 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
- Net operating income is 12% below the underwritten figure ($2.1M a year against $2.4M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.44x at securitization to 1.26x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $22.0M | Current | No | 1.26x | 83% |
| August 2026 | $22.0M | Current | No | 1.30x | 81% |
| July 2026 | $22.1M | Current | No | 1.30x | 81% |
| June 2026 | $22.1M | Current | No | 1.30x | 81% |
| May 2026 | $22.2M | Current | No | 1.30x | 81% |
| April 2026 | $22.2M | Current | No | 1.30x | 81% |
| March 2026 | $22.3M | Current | No | 1.30x | 81% |
| February 2026 | $22.3M | Current | No | 1.30x | 81% |
| January 2026 | $22.4M | Current | No | 1.33x | 81% |
| December 2025 | $22.4M | Current | No | 1.33x | 81% |
| November 2025 | $22.5M | Current | No | 1.33x | 81% |
| October 2025 | $22.5M | Current | No | 1.34x | 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.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| JPMCC Commercial Mortgage Securities Trust 2016-JP4 | 12 | $21,961,698 | Sep 2026 | SEC filing, September 28, 2026 |
Other Seattle-Tacoma-Bellevue 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 |
| Federal Way Crossings | Federal Way, WA | Retail | $20.8M | 4.589% | Nov 2026 | 1.32x | 100% | Current |
| 21st Center | Bellevue, WA | Industrial | $6.5M | 4.74% | Dec 2026 | n/a | n/a | Current |
All loans maturing in 2026 · 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.