Mixed use · Rockville, Maryland
Fishers Twinbrook
Public CMBS trusts hold $46.0M of the loan on Fishers Twinbrook at 5.449% that reaches maturity on December 6, 2035, in 9 years and 1 month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $46,000,000
- Original balance (same notes)
- $46,000,000
- Interest rate
- 5.449% fixed
- Originated
- November 25, 2025
- Maturity
- December 6, 2035
- Payments
- Interest only for the full term
- Prepayment lockout ends
- January 5, 2027
- Prepayment premium ends
- June 5, 2035 (yield maintenance)
- Master servicer
- Midland
- Originator
- Goldman Sachs Bank USA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 5625 Fishers Lane 12735 Twinbrook Parkway, Rockville, MD 20852
- Metro
- Washington-Arlington-Alexandria, DC-VA-MD-WV
- Rentable area
- 229,905 sq ft
- Built
- 2003, renovated 2025
- Largest tenants
- National Institute of Health
- Value at securitization
- $126.0M (Oct 2025)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 3.47x | 3.15x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 3 months) | $8.8M | $8.1M |
| Debt yield | 17.6% |
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 Benchmark 2026-B43 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 30, 2026.
- Coverage down 0.25x or more from securitization
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 8% below the underwritten figure ($8.1M a year against $8.8M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 3.47x at securitization to 3.15x on the latest statements.
- The filing gives Dec 2033 as the lease end date for the largest tenant (National Institute of Health), before the loan matures. Lenders look hard at that rollover.
The last 7 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $46.0M | Current | No | 3.15x | 100% |
| August 2026 | $46.0M | Current | No | 3.15x | 100% |
| July 2026 | $46.0M | Current | No | 3.15x | 100% |
| June 2026 | $46.0M | Current | No | n/a | n/a |
| May 2026 | $46.0M | Current | No | n/a | n/a |
| April 2026 | $30.0M | Current | No | n/a | n/a |
| March 2026 | $30.0M | Current | 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
The loan is split into 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Benchmark 2026-B42 Mortgage Trust | 5 | $30,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
| Benchmark 2026-B43 Mortgage Trust | 16 | $16,000,000 | Sep 2026 | SEC filing, September 30, 2026 |
Other Washington-Arlington-Alexandria loans due in 2035
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Marriott HQ | Bethesda, MD | Office | $199.1M | 5.491% | Mar 2035 | 2.04x | 100% | Current |
| Burke Centre | Burke, VA | Retail | $88.0M | 6.39% | Oct 2035 | 1.22x | 100% | Current |
| Brandywine Regency Warehouse & Distribution Center | Brandywine, MD | Industrial | $75.1M | 6.62% | Dec 2035 | 3.17x | 100% | Current |
| Capitol Hill Hotel | Washington, DC | Hotel | $34.5M | 6.82% | Nov 2035 | -0.04x | n/a | Current |
| Davis Ford Crossing | Manassas, VA | Retail | $33.3M | 6.662% | Jul 2035 | 1.75x | 95% | Current |
| Security Public Storage Bethesda | Bethesda, MD | Self storage | $24.8M | 5.989% | Sep 2035 | 1.68x | 100% | Current |
| Marriott World Headquarters | Bethesda, MD | Office | $24.0M | 5.491% | Mar 2035 | 2.04x | 100% | Current |
| Security Public Storage Herndon | Herndon, VA | Self storage | $11.5M | 5.969% | Oct 2035 | n/a | n/a | 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.