Mixed use · Washington, District of Columbia
Project Embassy
Public CMBS trusts hold $140.0M of the loan on Project Embassy at 7.542% that reaches maturity on August 11, 2031, in 4 years and 9 months. As of the Sep 2026 and Oct 2026 servicer reports its status is current.
The loan
- Balance in tracked trusts
- $140,000,000
- Original balance (same notes)
- $140,000,000
- Interest rate
- 7.542% fixed
- Originated
- July 22, 2026
- Maturity
- August 11, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- October 10, 2027
- Prepayment premium ends
- February 10, 2031 (yield maintenance)
- Master servicer
- Midland
- Originator
- Wells Fargo Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Workout strategy
- Other
- Defeasance
- None reported
The property
- Address
- 700 Pennsylvania Avenue Southeast & 777 C Street Southeast, Washington, DC 20003
- Metro
- Washington-Arlington-Alexandria, DC-VA-MD-WV
- Rentable area
- 375,456 sq ft
- Built
- 2017
- Largest tenants
- The Yard; Samsung Electronics America, Inc.; Gilbert LLP
- Value at securitization
- $254.0M (Jun 2026)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.33x | n/a |
| Occupancy | 98% | n/a |
| Net operating income | $16.3M | n/a |
Watch flags
Computed from the BBCMS Mortgage Trust 2026-5C43 filing for the reporting period ending October 13, 2026, filed with the SEC October 6, 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.
The last 3 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $30.0M | Current | No | n/a | n/a |
| September 2026 | $110.0M | Current | No | n/a | n/a |
| August 2026 | $110.0M | Payment not received but still in grace period or not yet due | No | 1.25x | 98% |
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 |
|---|---|---|---|---|
| BANK5 2026-5YR24 | 2 | $60,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
| BMO 2026-5C16 Mortgage Trust | 9 | $35,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
| BBCMS Mortgage Trust 2026-5C43 | 8 | $30,000,000 | Oct 2026 | SEC filing, October 6, 2026 |
| BANK5 2026-5YR24 | 2A | $15,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
Other Washington-Arlington-Alexandria loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 1100 First Street NE | Washington, DC | Office | $146.0M | 3.002% | Oct 2031 | n/a | n/a | With the special servicer and 30-59 days delinquent |
| Three Constitution Square | Washington, DC | Office | $96.0M | 2.579% | May 2031 | 5.35x | 100% | Current |
| National Cancer Institute Center | Frederick, MD | Office | $83.0M | 2.759% | Jun 2031 | 4.24x | 100% | Current |
| Unizo Four for 1100 First Street | Washington, DC | Office | $65.0M | 3.002% | Oct 2031 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Mall at Prince Georges | Hyattsville, MD | Retail | $57.9M | 7.355% | Jun 2031 | n/a | n/a | Current |
| The Landing at Woodyard | Clinton, MD | Retail | $44.5M | 3.74% | Jul 2031 | 2.30x | 100% | Current |
| Crescent Gateway | Bethesda, MD | Mixed use | $43.0M | 4.03% | Feb 2031 | 1.55x | 100% | Current |
| 8111 Gatehouse Road | Falls Church, VA | Office | $37.2M | 3.623% | May 2031 | 1.74x | 51% | Current |
All loans maturing in 2031 · All Washington-Arlington-Alexandria loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting periods ending September 11, 2026, October 13, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.