Office · Pennington, New Jersey
Princeton Place
Princeton Place is financed with a $51.4M CMBS loan at 4.192% 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
- $51,380,000
- Original balance (same notes)
- $51,380,000
- Interest rate
- 4.192% fixed
- Originated
- September 29, 2017
- Maturity
- October 11, 2027
- Payments
- Interest only for the full term
- Prepayment lockout ends
- April 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
- 1700, 1750, 1800 American Boulevard, Pennington, NJ 08534
- Metro
- Trenton-Princeton, NJ
- Rentable area
- 306,534 sq ft
- Built
- 2001, renovated 2015
- Largest tenants
- Horizon Healthcare Services I; Pershing; Randstad General Partner (US) LLC
- Value at securitization
- $74.0M (Aug 2017)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 2.35x | 2.09x |
| Occupancy | 87% | 91% |
| Net operating income | $5.1M | $4.6M |
| Debt yield | 8.9% |
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 BANK 2017-BNK8 filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 2026.
- Coverage down 0.25x or more from securitization
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 risen from 87% when the loan was securitized to 91%.
- Net operating income is 11% below the underwritten figure ($4.6M a year against $5.1M).
- Debt service coverage moved from 2.35x at securitization to 2.09x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $51.4M | Current | No | 2.09x | 91% |
| August 2026 | $51.4M | Current | No | 2.09x | 91% |
| July 2026 | $51.4M | Current | No | 2.09x | 91% |
| June 2026 | $51.4M | Current | No | 2.09x | 91% |
| May 2026 | $51.4M | Current | No | 2.09x | 91% |
| April 2026 | $51.4M | Current | No | 2.10x | 91% |
| March 2026 | $51.4M | Current | No | 2.10x | 91% |
| February 2026 | $51.4M | Current | No | 2.10x | 91% |
| January 2026 | $51.4M | Current | No | 2.10x | 91% |
| December 2025 | $51.4M | Current | No | 2.10x | 91% |
| November 2025 | $51.4M | Current | No | 1.73x | 91% |
| October 2025 | $51.4M | Current | No | 1.73x | 91% |
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 | 9 | $51,380,000 | Sep 2026 | SEC filing, October 1, 2026 |
Other Trenton-Princeton loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Sandoz Inc. | Princeton, NJ | Other | $94.1M | 4.369% | Nov 2027 | n/a | n/a | Current |
| Hyatt Regency Princeton | Princeton, NJ | Hotel | $30.7M | 4.551% | Jul 2027 | n/a | n/a | Current |
| Hamilton Business Center | Hamilton Township, NJ | Industrial | $15.5M | 4.595% | Jul 2027 | 3.51x | 100% | Current |
| One Independence Way | Princeton, NJ | Office | $12.4M | 5.32% | Sep 2027 | 0.87x | 77% | 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.