Office · Tumwater, Washington
Point Plaza West
Point Plaza West is financed with a $23.9M CMBS loan at 7.845% that reaches maturity on April 11, 2029, in 2 years and 5 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $23,937,587
- Original balance (same notes)
- $24,400,000
- Interest rate
- 7.845% fixed
- Originated
- March 22, 2024
- Maturity
- April 11, 2029
- Payments
- Amortizing over 30 years
- Prepayment lockout ended
- June 10, 2026
- Prepayment premium ends
- October 10, 2028 (yield maintenance)
- Master servicer
- CBRE
- Originator
- Wells Fargo Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 6639, 6737, 6825, & 6835 Capitol Boulevard South 150 Israel Road Southwest, Tumwater, WA 98501
- Metro
- Olympia-Lacey-Tumwater, WA
- Rentable area
- 200,967 sq ft
- Built
- 1998
- Largest tenants
- Department of Retirement Systems; Department of Social & Health Services; Department of Financial Institutions
- Value at securitization
- $41.5M (Nov 2023)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.46x | n/a |
| Occupancy | 91% | n/a |
| Net operating income | $3.1M | n/a |
Watch flags
Computed from the BMO 2024-5C4 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 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
- The filing gives Feb 2029 as the lease end date for the largest tenant (Department of Retirement Systems), 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 | $23.9M | Current | No | n/a | n/a |
| August 2026 | $24.0M | Current | No | n/a | n/a |
| July 2026 | $24.0M | Current | No | n/a | n/a |
| June 2026 | $24.0M | Current | No | n/a | n/a |
| May 2026 | $24.0M | Current | No | n/a | n/a |
| April 2026 | $24.0M | Current | No | 1.39x | 91% |
| March 2026 | $24.0M | Current | No | 1.39x | 91% |
| February 2026 | $24.1M | Current | No | 1.39x | 91% |
| January 2026 | $24.1M | Current | No | 1.39x | 91% |
| December 2025 | $24.1M | Payment not received but still in grace period or not yet due | No | 1.39x | 81% |
| November 2025 | $24.1M | Current | No | 1.39x | 81% |
| October 2025 | $24.1M | Current | No | 1.39x | 81% |
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 |
|---|---|---|---|---|
| BMO 2024-5C4 Mortgage Trust | 15 | $23,937,587 | Sep 2026 | SEC filing, October 2, 2026 |
Other Olympia-Lacey-Tumwater loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Stonebrook - II | Tumwater, WA | Multifamily | $18.0M | 5.02% | Apr 2029 | n/a | n/a | Current |
| Fresenius Olympia | Olympia, WA | Office | $7.3M | 4.80% | Apr 2029 | 1.71x | 100% | Current |
| Coach Post Mhc | Olympia, WA | Manufactured housing | $3.5M | 5.43% | Feb 2029 | 1.64x | 93% | Current |
All loans maturing in 2029 · All Olympia-Lacey-Tumwater 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.