Office · Pleasanton, California
Park Plaza II
Park Plaza II is financed with a $9.2M CMBS loan at 4.44% that reaches maturity on October 11, 2027, in 11 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $9,231,611
- Original balance (same notes)
- $10,300,000
- Interest rate
- 4.44% fixed
- Originated
- September 29, 2017
- Maturity
- October 11, 2027
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ends
- July 10, 2027
- Master servicer
- Trimont LLC
- Originator
- Wells Fargo Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 4683 Chabot Drive, Pleasanton, CA 94588
- Metro
- San Francisco-Oakland-Fremont, CA
- Rentable area
- 51,882 sq ft
- Built
- 1987
- Largest tenants
- Ware Malcomb; Pacific Coast Services Inc; Stearns Conrad and
- Value at securitization
- $14.2M (Aug 2017)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 1.62x | 0.01x |
| Occupancy | 90% | 69% |
| Net operating income | $1.0M | $9K |
| Debt yield | 0.1% |
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 BANK 2017-BNK8 filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 2026.
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
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 69%.
- Net operating income is 99% below the underwritten figure ($9K a year against $1.0M).
- Debt service coverage moved from 1.62x at securitization to 0.01x on the latest statements.
- At 0.01x, the property's reported NOI does not cover its debt service.
- The filing gives Apr 2026 as the lease end date for the largest tenant (Ware Malcomb), 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 | $9.2M | Current | No | 0.01x | 69% |
| August 2026 | $9.2M | Current | No | 0.01x | 69% |
| July 2026 | $9.3M | Late payment but less than 30 days delinquent | No | 0.01x | 69% |
| June 2026 | $9.3M | Late payment but less than 30 days delinquent | No | 0.01x | 69% |
| May 2026 | $9.3M | Current | No | 0.01x | 69% |
| April 2026 | $9.3M | Current | No | 0.01x | 69% |
| March 2026 | $9.3M | Current | No | 0.05x | 56% |
| February 2026 | $9.4M | Current | No | 0.05x | 56% |
| January 2026 | $9.4M | Current | No | 0.05x | 56% |
| December 2025 | $9.4M | Current | No | 0.05x | 56% |
| November 2025 | $9.4M | Current | No | 0.05x | 56% |
| October 2025 | $9.4M | Current | No | 0.09x | 63% |
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 |
|---|---|---|---|---|
| BANK 2017-BNK8 | 21 | $9,231,611 | Sep 2026 | SEC filing, October 1, 2026 |
Other San Francisco-Oakland-Fremont loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 222 Second Street | San Francisco, CA | Office | $291.5M | 3.926% | Sep 2027 | 1.25x | 100% | Current |
| 300 Montgomery | San Francisco, CA | Office | $66.0M | 3.57% | Sep 2027 | 1.56x | 61% | Current |
| 55 Hawthorne | San Francisco, CA | Office | $61.5M | 4.123% | Jan 2027 | -0.77x | 24% | With the special servicer and 90+ days delinquent |
| Doubletree Berkeley Marina | Berkeley, CA | Hotel | $30.1M | 4.82% | Sep 2027 | -0.48x | 72% | With the special servicer |
| 634 Second Street | San Francisco, CA | Office | $27.9M | 4.909% | Mar 2027 | 2.23x | 99% | Current |
| 181 Second Avenue | San Mateo, CA | Office | $22.6M | 3.60% | Jul 2027 | 2.51x | 67% | Current |
| 555 De Haro | San Francisco, CA | Industrial | $19.0M | 4.31% | Nov 2027 | 1.95x | 80% | Current |
| San Mateo Self Storage | San Mateo, CA | Self storage | $19.0M | 4.35% | Feb 2027 | 3.25x | 100% | Current |
All loans maturing in 2027 · 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.