Office · Kirkland, Washington
Google Kirkland Campus Phase II
Public CMBS trusts hold $72.5M of the loan on Google Kirkland Campus Phase II at 3.674% that reaches maturity on November 6, 2026, this month. As of the Sep 2026 and Oct 2026 servicer reports its status is current.
The loan
- Balance in tracked trusts
- $72,500,000
- Original balance (same notes)
- $72,500,000
- Interest rate
- 3.674% fixed
- Originated
- November 3, 2016
- Maturity
- November 6, 2026
- Payments
- Interest only for the full term
- Prepayment lockout ended
- January 5, 2019
- Prepayment premium ends
- July 5, 2026 (yield maintenance)
- Master servicer
- BPC
- Originator
- CCRE
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 451 Seventh Avenue South, Kirkland, WA 98033
- Metro
- Seattle-Tacoma-Bellevue, WA
- Rentable area
- 180,844 sq ft
- Built
- 2015
- Largest tenants
- Value at securitization
- $146.0M (Jul 2016)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.64x | 4.00x |
| Occupancy | 100% | n/a |
| Net operating income | $7.1M | $7.4M |
| Debt yield | 10.2% |
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 CFCRE 2016-C7 Mortgage Trust filing for the reporting period ending October 6, 2026, filed with the SEC October 21, 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
- Debt service coverage moved from 2.64x at securitization to 4.00x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $50.0M | Current | No | 4.00x | n/a |
| September 2026 | $72.5M | Current | No | 4.00x | 100% |
| August 2026 | $72.5M | Current | No | 3.99x | 100% |
| July 2026 | $72.5M | Current | No | 4.30x | 100% |
| June 2026 | $72.5M | Current | No | 4.30x | 100% |
| May 2026 | $72.5M | Current | No | 4.30x | 100% |
| April 2026 | $72.5M | Current | No | 4.30x | 100% |
| March 2026 | $72.5M | Current | No | 4.30x | 100% |
| February 2026 | $72.5M | Current | No | 4.25x | 100% |
| January 2026 | $72.5M | Current | No | 4.25x | 100% |
| December 2025 | $72.5M | Current | No | 4.25x | 100% |
| November 2025 | $72.5M | Current | No | 4.28x | 100% |
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 |
|---|---|---|---|---|
| CFCRE 2016-C7 Mortgage Trust | 3 | $50,000,000 | Oct 2026 | SEC filing, October 21, 2026 |
| CFCRE 2017-C8 Mortgage Trust | 10 | $22,500,000 | Sep 2026 | SEC filing, September 30, 2026 |
Other Seattle-Tacoma-Bellevue loans due in 2026
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Everett Plaza | Everett, WA | Retail | $22.0M | 4.54% | Nov 2026 | 1.26x | 83% | 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 periods ending September 11, 2026, October 6, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.