Hotel · Seattle, Washington
Executive Hotel Pacific Downtown
Executive Hotel Pacific Downtown is financed with a $10.0M CMBS loan at 6.62% that reaches maturity on August 6, 2031, in 4 years and 9 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $10,000,000
- Original balance (same notes)
- $10,000,000
- Interest rate
- 6.62% fixed
- Originated
- July 10, 2026
- Maturity
- August 6, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- September 5, 2028
- Prepayment premium ends
- February 5, 2031 (yield maintenance)
- Master servicer
- Midland
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 400 Spring Street, Seattle, WA 98104
- Metro
- Seattle-Tacoma-Bellevue, WA
- Units, rooms or beds
- 155
- Built
- 1928, renovated 2022
- Value at securitization
- $24.0M (May 2026)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 3.32x | n/a |
| Occupancy | 86% | n/a |
| Net operating income | $2.2M | n/a |
Watch flags
Computed from the Benchmark 2026-V23 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 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.
The last 2 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $10.0M | Current | No | n/a | n/a |
| August 2026 | $10.0M | Payment not received but still in grace period or not yet due | No | n/a | n/a |
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 |
|---|---|---|---|---|
| Benchmark 2026-V23 Mortgage Trust | 21 | $10,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
Other Seattle-Tacoma-Bellevue loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Amazon @ Atlas | Seattle, WA | Office | $48.4M | 2.405% | Feb 2031 | 5.82x | 100% | Current |
| Redstone Corporate Center I | Lynnwood, WA | Office | $33.2M | 6.375% | Feb 2031 | n/a | n/a | Current |
| Snohomish Station Shopping Center | Snohomish, WA | Retail | $25.3M | 3.32% | Jun 2031 | 2.92x | 99% | Current |
| Shared Roof Seattle | Seattle, WA | Multifamily | $24.4M | 5.915% | Jan 2031 | 1.54x | n/a | Current |
| 700 NW 42nd Street | Seattle, WA | Self storage | $21.0M | 5.738% | Jan 2031 | n/a | n/a | Current |
| C.c. Filson World Headquarters | Seattle, WA | Mixed use | $13.1M | 3.626% | Feb 2031 | 3.28x | 100% | Current |
| Rockefeller Square Apartments | Everett, WA | Multifamily | $11.0M | 6.501% | Jun 2031 | n/a | n/a | Current |
| Colby Heights | Everett, WA | Multifamily | $8.1M | 6.177% | Jul 2031 | n/a | n/a | Current |
All loans maturing in 2031 · 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.