Mixed use · Pleasanton, California
Pleasanton Corporate Commons
Public CMBS trusts hold $65.8M of the loan on Pleasanton Corporate Commons at 7.78% that reaches maturity on May 6, 2029, in 2 years and 6 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $65,800,000
- Original balance (same notes)
- $65,800,000
- Interest rate
- 7.78% fixed
- Originated
- May 6, 2024
- Maturity
- May 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- February 5, 2029
- Master servicer
- Wells Fargo Bank, NA
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 6210 and 6230 Stoneridge Mall Road, Pleasanton, CA 94588
- Metro
- San Francisco-Oakland-Fremont, CA
- Rentable area
- 295,306 sq ft
- Built
- 2001, renovated 2023
- Largest tenants
- 10x Genomics Inc.; 10x Genomics Inc.
- Value at securitization
- $110.4M (Jan 2024)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.63x | 1.88x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $8.5M | $9.8M |
| Debt yield | 14.9% |
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 BANK5 2024-5YR7 filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 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.
What the filing shows
- Net operating income is 16% above the underwritten figure ($9.8M a year against $8.5M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.63x at securitization to 1.88x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $65.8M | Current | No | 1.88x | 100% |
| August 2026 | $65.8M | Current | No | 1.88x | 100% |
| July 2026 | $65.8M | Current | No | 1.85x | 100% |
| June 2026 | $65.8M | Current | No | 1.85x | 100% |
| May 2026 | $65.8M | Current | No | 1.75x | 100% |
| April 2026 | $65.8M | Current | No | 1.75x | 100% |
| March 2026 | $65.8M | Current | No | 1.75x | 100% |
| February 2026 | $65.8M | Current | No | 1.75x | 100% |
| January 2026 | $65.8M | Current | No | 1.75x | 100% |
| December 2025 | $65.8M | Current | No | 1.75x | 100% |
| November 2025 | $65.8M | Current | No | 1.66x | 100% |
| October 2025 | $65.8M | Current | No | 1.66x | 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 4 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Benchmark 2024-V8 Mortgage Trust | 11 | $25,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
| BANK5 2024-5YR7 | 15 | $20,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
| Benchmark 2024-V8 Mortgage Trust | 11A | $12,100,000 | Sep 2026 | SEC filing, October 1, 2026 |
| BANK5 2024-5YR7 | 15A | $8,700,000 | Sep 2026 | SEC filing, October 1, 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 |
| Central Tower | San Francisco, CA | Office | $63.7M | 4.06% | May 2029 | 1.11x | 34% | With the special servicer and 90+ days delinquent |
| 350 Rhode Island South | San Francisco, CA | Office | $62.5M | 4.143% | Mar 2029 | 0.56x | 70% | Current |
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.