Retail · Redmond, Washington
Redmond Community Center
Redmond Community Center is financed with a $34.5M CMBS loan at 4.089% that reaches its anticipated repayment date on March 6, 2032, in 5 years and 4 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $34,500,000
- Original balance (same notes)
- $34,500,000
- Interest rate
- 4.089% fixed
- Originated
- February 23, 2022
- Maturity
- March 6, 2032
- Anticipated repayment date
- March 6, 2032 (the rate steps up if the loan is not repaid by then)
- Payments
- Interest only for 119 months, then amortizing
- Master servicer
- KeyBank Real Estate Capital
- Originator
- DBNY
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 7215-7597 170th Avenue Northeast, Redmond, WA 98052
- Metro
- Seattle-Tacoma-Bellevue, WA
- Rentable area
- 109,965 sq ft
- Built
- 1996
- Largest tenants
- H MART; Washington State Department of; Overlake Medical
- Value at securitization
- $56.3M (Jan 2022)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | n/a | 2.79x |
| Occupancy | 97% | 100% |
| Net operating income (annualized from 6 months) | n/a | $4.0M |
| Debt yield | 11.6% |
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 Benchmark 2022-B34 Mortgage Trust 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.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $34.5M | Not reported | No | 2.79x | 100% |
| August 2026 | $34.5M | Not reported | No | 2.79x | 100% |
| July 2026 | $34.5M | Not reported | No | 2.67x | 100% |
| June 2026 | $34.5M | Not reported | No | 2.67x | 100% |
| May 2026 | $34.5M | Not reported | No | 2.67x | 100% |
| April 2026 | $34.5M | Not reported | No | 2.88x | 100% |
| March 2026 | $34.5M | Not reported | No | 2.86x | 100% |
| February 2026 | $34.5M | Not reported | No | 3.00x | 100% |
| January 2026 | $34.5M | Not reported | No | 3.00x | 100% |
| December 2025 | $34.5M | Not reported | No | 3.00x | 100% |
| November 2025 | $34.5M | Not reported | No | 3.00x | 100% |
| October 2025 | $34.5M | Not reported | No | 2.93x | 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
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Benchmark 2022-B34 Mortgage Trust | 8 | $34,500,000 | Sep 2026 | SEC filing, October 1, 2026 |
Other Seattle-Tacoma-Bellevue loans due in 2032
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Center Plaza | Federal Way, WA | Retail | $37.5M | 4.37% | Feb 2032 | n/a | n/a | Current |
| Residence Inn Seattle, Seattle (2032 maturity) | Seattle, WA | Hotel | $27.9M | 4.91% | Apr 2032 | 2.22x | 74% | Current |
| Park Place Shopping Center, Tukwila | Tukwila, WA | Retail | $23.4M | 3.52% | Feb 2032 | 2.87x | n/a | Current |
| Covington Center | Covington, WA | Retail | $16.0M | 5.685% | May 2032 | 1.99x | 73% | Current |
| Panther Lake Shopping Center | Kent, WA | Retail | $13.5M | 5.36% | May 2032 | n/a | n/a | Current |
| Kent Business Campus | Kent, WA | Mixed use | $13.0M | 3.543% | Feb 2032 | 3.22x | 90% | Current |
| Village at Thrashers | Bothell, WA | Retail | $5.8M | 6.046% | Jul 2032 | 1.45x | 100% | Current |
| Carlton Building | Tacoma, WA | Office | $4.8M | 6.09% | Oct 2032 | 0.88x | 48% | 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.