Office · Pittsburgh, Pennsylvania
Grant Building
Grant Building is financed with a $36.3M CMBS loan at 4.70% that reaches maturity on August 6, 2027, in 9 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
- $36,271,809
- Original balance (same notes)
- $38,000,000
- Interest rate
- 4.70% fixed
- Originated
- July 13, 2017
- Maturity
- August 6, 2027
- Payments
- Interest only for 48 months, then amortizing
- Prepayment lockout ends
- May 5, 2027
- Master servicer
- Trimont LLC
- Originator
- Starwood Mortgage Capital LLC
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred September 18, 2023
- Workout strategy
- Foreclosure
- Defeasance
- None reported
The property
- Address
- 310 Grant Street, Pittsburgh, PA 15219
- Metro
- Pittsburgh, PA
- Rentable area
- 461,006 sq ft
- Built
- 1929, renovated 2006
- Largest tenants
- THE HUNTINGTON NATIO; THE HILLMAN COMPANY; ROTHMAN GORDON P.C
- Value at securitization
- $58.1M (Jun 2017)
Performance
| At securitization | Latest (Dec 2024) | |
|---|---|---|
| DSCR (NOI) | 2.35x | 1.08x |
| Occupancy | 90% | 71% |
| Net operating income | $4.3M | $2.6M |
| Debt yield | 7.0% |
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 CITIGROUP COMMERCIAL MORTGAGE TRUST 2017-P8 filing for the reporting period ending September 11, 2026, filed with the SEC September 30, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
- 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 90% when the loan was securitized to 71%.
- Net operating income is 40% below the underwritten figure ($2.6M a year against $4.3M).
- Debt service coverage moved from 2.35x at securitization to 1.08x on the latest statements.
- The most recent valuation in the filing is $17.5M (April 24, 2025), against $58.1M at securitization.
- The filing gives Apr 2025 as the lease end date for the largest tenant (THE HUNTINGTON NATIO), 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 | $36.3M | 90+ days delinquent | Yes | 1.08x | 71% |
| August 2026 | $36.3M | 90+ days delinquent | Yes | 1.08x | 71% |
| July 2026 | $36.3M | 90+ days delinquent | Yes | 1.08x | 71% |
| June 2026 | $36.3M | 90+ days delinquent | Yes | 1.08x | 71% |
| May 2026 | $36.3M | 90+ days delinquent | Yes | 1.08x | 71% |
| April 2026 | $36.3M | 90+ days delinquent | Yes | 1.08x | 71% |
| March 2026 | $36.3M | 90+ days delinquent | Yes | 1.08x | 71% |
| February 2026 | $36.3M | 90+ days delinquent | Yes | 1.08x | 71% |
| January 2026 | $36.3M | 90+ days delinquent | Yes | 1.08x | 71% |
| December 2025 | $36.3M | 90+ days delinquent | Yes | 1.08x | 71% |
| November 2025 | $36.3M | 90+ days delinquent | Yes | 1.08x | 71% |
| October 2025 | $36.3M | 90+ days delinquent | Yes | 1.08x | 71% |
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 September 18, 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
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2017-P8 | 9 | $36,271,809 | Sep 2026 | SEC filing, September 30, 2026 |
Other Pittsburgh loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Bursca Business Park | Bridgeville, PA | Industrial | $16.7M | 4.63% | May 2027 | n/a | n/a | Current |
| The Shops at Fayette Crossing | Uniontown, PA | Retail | $4.8M | 4.10% | Aug 2027 | 2.42x | 100% | Current |
| 9600 Perry Highway | Pittsburgh, PA | Mixed use | $3.3M | 5.216% | Apr 2027 | n/a | n/a | Current |
| Butler Crossing Plaza | Butler, PA | Retail | $3.0M | 5.174% | Apr 2027 | 1.47x | 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.