Office · Stamford, Connecticut
First Stamford Place
Public CMBS trusts hold $164.0M of the loan on First Stamford Place at 4.088% that reaches maturity on July 1, 2027, in 8 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer.
The loan
- Balance in tracked trusts
- $164,000,000
- Original balance (same notes)
- $164,000,000
- Interest rate
- 4.088% fixed
- Originated
- June 5, 2017
- Maturity
- July 1, 2027
- Payments
- Interest only for the full term
- Prepayment lockout ends
- March 31, 2027
- Master servicer
- Trimont LLC
- Originator
- Wells Fargo Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred December 28, 2023
- Workout strategy
- REO
- Defeasance
- None reported
The property
- Address
- 100, 200 & 300 First Stamford Place, Stamford, CT 06902
- Rentable area
- 810,475 sq ft
- Built
- 1986, renovated 2015
- Largest tenants
- Odyssey Reinsurance Company; Franklin Templeton Companie; Partner Reinsurance Company
- Value at securitization
- $285.0M (May 2017)
Performance
| At securitization | Latest (Mar 2024) | |
|---|---|---|
| DSCR (NOI) | 3.05x | 1.96x |
| Occupancy | 91% | 80% |
| Net operating income (annualized from 3 months) | $20.8M | $13.3M |
| Debt yield | 8.1% |
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 Wells Fargo Commercial Mortgage Trust 2017-C39 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- With the special servicer
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
- Matures within 12 months
On the cmbs.news watch list in all 12 monthly reports we hold (October 2025 to September 2026).
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
- Occupancy has fallen from 91% when the loan was securitized to 80%.
- Net operating income is 36% below the underwritten figure ($13.3M a year against $20.8M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 3.05x at securitization to 1.96x on the latest statements.
- The most recent valuation in the filing is $129.0M (December 16, 2025), against $285.0M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $164.0M | Current | Yes | 1.96x | 80% |
| August 2026 | $164.0M | Late payment but less than 30 days delinquent | Yes | 1.96x | 80% |
| July 2026 | $164.0M | Late payment but less than 30 days delinquent | Yes | 1.96x | 80% |
| June 2026 | $164.0M | Late payment but less than 30 days delinquent | Yes | 1.96x | 80% |
| May 2026 | $164.0M | Late payment but less than 30 days delinquent | Yes | 1.96x | 80% |
| April 2026 | $164.0M | 30-59 days delinquent | Yes | 1.96x | 80% |
| March 2026 | $164.0M | 30-59 days delinquent | Yes | 1.96x | 80% |
| February 2026 | $164.0M | Late payment but less than 30 days delinquent | Yes | 1.96x | 80% |
| January 2026 | $164.0M | Late payment but less than 30 days delinquent | Yes | 1.96x | 80% |
| December 2025 | $152.8M | Current | Yes | 1.96x | 80% |
| November 2025 | $164.0M | Late payment but less than 30 days delinquent | Yes | 1.96x | 80% |
| October 2025 | $164.0M | Late payment but less than 30 days delinquent | Yes | 1.96x | 80% |
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 December 28, 2023, still there.
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
The loan is split into 4 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| JPMCC Commercial Mortgage Securities Trust 2017-JP7 | 5 | $60,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
| JPMDB Commercial Mortgage Securities Trust 2017-C7 | 6 | $54,800,000 | Sep 2026 | SEC filing, September 28, 2026 |
| BANK 2017-BNK7 | 15 | $25,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| Wells Fargo Commercial Mortgage Trust 2017-C39 | 16 | $24,200,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Connecticut loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Landmark Square | Stamford, CT | Mixed use | $100.0M | 4.97% | Jan 2027 | n/a | n/a | Current |
| Two Harbor Point Square | Stamford, CT | Office | $46.3M | 4.217% | Dec 2027 | 1.45x | 100% | Current |
| Connecticut Financial Center | New Haven, CT | Office | $28.2M | 4.797% | Feb 2027 | 2.02x | 75% | Current |
| The Center at Split Rock | Shelton, CT | Retail | $18.4M | 4.12% | Jun 2027 | 1.51x | 90% | Current |
| Home Depot-Bridgeport, CT | Bridgeport, CT | Retail | $13.8M | 5.15% | Mar 2027 | 1.56x | 100% | Current |
| 1 Forest Parkway | Shelton, CT | Office | $11.8M | 4.78% | May 2027 | 1.68x | 100% | Current |
| Sono Square | Norwalk, CT | Mixed use | $10.3M | 4.81% | Aug 2027 | 1.63x | 84% | Current |
| Fox Run Apartments | Ledyard, CT | Multifamily | $6.4M | 4.83% | May 2027 | 1.66x | 98% | Current |
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.