Hotel portfolio, 52 properties · Larkspur, California
Larkspur Landing Marin County
This portfolio is financed with a $20.0M CMBS loan at 6.283% that reaches maturity on December 6, 2029, in 3 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
- $20,000,000
- Original balance (same notes)
- $20,000,000
- Interest rate
- 6.283% fixed
- Originated
- December 4, 2024
- Maturity
- December 6, 2029
- Payments
- Interest only for the full term
- Prepayment premium ends
- June 5, 2029 (yield maintenance)
- Master servicer
- KeyBank National Association
- Originator
- German American Capital Corporation
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 2500 Larkspur Landing Circle, Larkspur, CA 94939
- Metro
- San Francisco-Oakland-Fremont, CA
- Value at securitization
- $1.0B
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income | $85.6M | n/a |
Watch flags
Computed from the Benchmark 2025-V13 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 30, 2026.
None this month. No flag in the cmbs.news screen applies to this loan.
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| Larkspur Landing Marin County | Larkspur, CA | Lodging | n/a | n/a |
| San Mateo Foster City | San Mateo, CA | Lodging | n/a | n/a |
| Lincroft Red Bank | Red Bank, NJ | Lodging | n/a | n/a |
| Rye | Rye, NY | Lodging | n/a | n/a |
| Los Angeles Torrance Palos Verdes | Torrance, CA | Lodging | n/a | n/a |
| San Jose Cupertino | Cupertino, CA | Lodging | n/a | n/a |
| Boulder | Boulder, CO | Lodging | n/a | n/a |
| Palm Springs | Palm Springs, CA | Lodging | n/a | n/a |
| Los Angeles Hacienda Heights | Hacienda Heights, CA | Lodging | n/a | n/a |
| Seattle South Center | Tukwila, WA | Lodging | n/a | n/a |
| West Palm Beach | West Palm Beach, FL | Lodging | n/a | n/a |
| Norwalk | Norwalk, CT | Lodging | n/a | n/a |
| Tampa Westshore | Tampa, FL | Lodging | n/a | n/a |
| Boston Andover | Andover, MA | Lodging | n/a | n/a |
| Nashville Airport | Nashville, TN | Lodging | n/a | n/a |
| St. Petersburg Clearwater | Clearwater, FL | Lodging | n/a | n/a |
| Raleigh Cary | Cary, NC | Lodging | n/a | n/a |
| New Haven Wallingford | Wallingford, CT | Lodging | n/a | n/a |
| Detroit Livonia | Livonia, MI | Lodging | n/a | n/a |
| Phoenix Mesa | Mesa, AZ | Lodging | n/a | n/a |
| Phoenix North Metrocenter | Phoenix, AZ | Lodging | n/a | n/a |
| Annapolis | Annapolis, MD | Lodging | n/a | n/a |
| Ft. Lauderdale Plantation | Fort Lauderdale, FL | Lodging | n/a | n/a |
| Detroit Metro Airport | Romulus, MI | Lodging | n/a | n/a |
| St. Louis Creve Coeur | St. Louis, MO | Lodging | n/a | n/a |
| Chicago Oakbrook Terrace | Oakbrook Terrace, IL | Lodging | n/a | n/a |
| Chicago Lincolnshire | Lincolnshire, IL | Lodging | n/a | n/a |
| Chicago Waukegan Gurnee | Waukegan, IL | Lodging | n/a | n/a |
| Birmingham Homewood | Birmingham, AL | Lodging | n/a | n/a |
| Portland Beaverton | Beaverton, OR | Lodging | n/a | n/a |
| Greenville Haywood Mall | Greenville, SC | Lodging | n/a | n/a |
| Denver Tech Center | Englewood, CO | Lodging | n/a | n/a |
| Bakersfield | Bakersfield, CA | Lodging | n/a | n/a |
| Charlottesville North | Charlottesville, VA | Lodging | n/a | n/a |
| Atlanta Airport South | Atlanta, GA | Lodging | n/a | n/a |
| St. Louis Westport Plaza | St. Louis, MO | Lodging | n/a | n/a |
| Atlanta Perimeter Center | Atlanta, GA | Lodging | n/a | n/a |
| Kansas City Overland Park Metcalf | Overland Park, KS | Lodging | n/a | n/a |
| San Antonio Downtown Market Square | San Antonio, TX | Lodging | n/a | n/a |
| Silver Spring North | Silver Spring, MD | Lodging | n/a | n/a |
| Indianapolis Castleton | Indianapolis, IN | Lodging | n/a | n/a |
| Memphis Airport | Memphis, TN | Lodging | n/a | n/a |
| Chicago Highland Park | Highland Park, IL | Lodging | n/a | n/a |
| Minneapolis St Paul Airport | Mendota Heights, MN | Lodging | n/a | n/a |
| Dallas Plano Parkway | Plano, TX | Lodging | n/a | n/a |
| Atlanta Duluth/Gwinnett Place | Duluth, GA | Lodging | n/a | n/a |
| Poughkeepsie | Poughkeepsie, NY | Lodging | n/a | n/a |
| Denver Stapleton | Denver, CO | Lodging | n/a | n/a |
| Dallas Richardson at Spring Valley | Richardson, TX | Lodging | n/a | n/a |
| Charlotte South Park | Charlotte, NC | Lodging | n/a | n/a |
| Fresno | Fresno, CA | Lodging | n/a | n/a |
| Philadelphia Devon | Wayne, PA | Lodging | n/a | n/a |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $20.0M | Current | No | n/a | n/a |
| August 2026 | $20.0M | Current | No | n/a | n/a |
| July 2026 | $20.0M | Current | No | n/a | n/a |
| June 2026 | $20.0M | Current | No | n/a | n/a |
| May 2026 | $20.0M | Current | No | n/a | n/a |
| April 2026 | $20.0M | Current | No | 5.76x | n/a |
| March 2026 | $20.0M | Current | No | 5.76x | n/a |
| February 2026 | $20.0M | Current | No | 5.76x | n/a |
| January 2026 | $20.0M | Current | No | 1.98x | n/a |
| December 2025 | $20.0M | Current | No | 1.98x | n/a |
| November 2025 | $20.0M | Current | No | 1.98x | n/a |
| October 2025 | $20.0M | Current | No | 1.98x | 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
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Benchmark 2025-V13 Mortgage Trust | 14 | $20,000,000 | Sep 2026 | SEC filing, September 30, 2026 |
Other San Francisco-Oakland-Fremont loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 560 Mission Street | San Francisco, CA | Office | $300.0M | 2.589% | Dec 2029 | 2.37x | 97% | Current |
| 101 California Street | San Francisco, CA | Office | $200.0M | 3.85% | Mar 2029 | 1.60x | 91% | Current |
| 350 Bush Street | San Francisco, CA | Office | $185.0M | 3.912% | May 2029 | 4.63x | 100% | Current |
| 188 Spear Street | San Francisco, CA | Office | $125.0M | 3.57% | Jun 2029 | 3.57x | 97% | With the special servicer |
| Nema San Francisco | San Francisco, CA | Multifamily | $75.0M | 4.436% | Feb 2029 | 1.34x | 97% | Current |
| One Stockton | San Francisco, CA | Retail | $66.0M | 4.04% | Dec 2029 | -0.37x | 100% | Current |
| Pleasanton Corporate Commons | Pleasanton, CA | Mixed use | $65.8M | 7.78% | May 2029 | 1.88x | 100% | Current |
| Central Tower | San Francisco, CA | Office | $63.7M | 4.06% | May 2029 | 1.11x | 34% | With the special servicer and 90+ days delinquent |
All loans maturing in 2029 · All San Francisco-Oakland-Fremont loans
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.