Office · Fresno, California
Fresno E Street Office
Fresno E Street Office is financed with a $8.6M CMBS loan at 4.92% that reaches maturity on July 6, 2028, in 20 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer and 90+ days delinquent.
The loan
- Balance in tracked trusts
- $8,643,774
- Original balance (same notes)
- $9,100,000
- Interest rate
- 4.92% fixed
- Originated
- June 12, 2018
- Maturity
- July 6, 2028
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- March 5, 2028
- Master servicer
- KeyBank Real Estate Capital
- Originator
- Deutsche Bank AG, acting through its New York Branch
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred January 17, 2025
- Workout strategy
- Foreclosure
- Defeasance
- None reported
The property
- Address
- 1645 1665 1685 & 1735 East Street, Fresno, CA 93706
- Metro
- Fresno, CA
- Rentable area
- 71,407 sq ft
- Built
- 1975, renovated 2018
- Largest tenants
- State of California - DOJ; State of California -WRCB
- Value at securitization
- $13.1M (Apr 2018)
Performance
| At securitization | Latest (Jun 2024) | |
|---|---|---|
| DSCR (NOI) | n/a | 1.88x |
| Occupancy | 79% | 79% |
| Net operating income (annualized from 6 months) | n/a | $1.1M |
| Debt yield | 12.7% |
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 2018-B7 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
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
- The most recent valuation in the filing is $7.3M (May 21, 2026), against $13.1M at securitization.
- The filing gives Apr 2028 as the lease end date for the largest tenant (State of California - DOJ), before the loan matures. Lenders look hard at that rollover.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $8.6M | 90+ days delinquent | Yes | 1.88x | 79% |
| August 2026 | $8.7M | 90+ days delinquent | Yes | 1.88x | 79% |
| July 2026 | $8.7M | 90+ days delinquent | Yes | 1.88x | 79% |
| June 2026 | $8.7M | 90+ days delinquent | Yes | 1.88x | 79% |
| May 2026 | $8.7M | 90+ days delinquent | Yes | 1.88x | 79% |
| April 2026 | $8.7M | 90+ days delinquent | Yes | 1.88x | 79% |
| March 2026 | $8.7M | 90+ days delinquent | Yes | 1.88x | 79% |
| February 2026 | $8.7M | 90+ days delinquent | Yes | 1.88x | 79% |
| January 2026 | $8.8M | 90+ days delinquent | Yes | 1.88x | 79% |
| December 2025 | $8.8M | 90+ days delinquent | Yes | 1.88x | 79% |
| November 2025 | $8.8M | 90+ days delinquent | Yes | 1.88x | 79% |
| October 2025 | $8.8M | 90+ days delinquent | Yes | 1.88x | 79% |
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 17, 2025, 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
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Benchmark 2018-B7 Mortgage Trust | 35 | $8,643,774 | Sep 2026 | SEC filing, October 1, 2026 |
Other Fresno loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Clovis Commons | Clovis, CA | Retail | $29.3M | 5.00% | Nov 2028 | 1.90x | 99% | Current |
| Westrock Industrial | Fresno, CA | Industrial | $9.0M | 5.07% | Mar 2028 | 4.50x | 100% | 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.