Office · Redding, California
Shasta Executive Plaza
Shasta Executive Plaza is financed with a $4.9M CMBS loan at 4.45% that reaches maturity on April 11, 2027, in 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
- $4,912,835
- Original balance (same notes)
- $5,675,000
- Interest rate
- 4.45% fixed
- Originated
- April 3, 2017
- Maturity
- April 11, 2027
- Payments
- Interest only for 24 months, then amortizing
- Prepayment lockout ended
- July 10, 2019
- Prepayment premium ends
- October 10, 2026 (yield maintenance)
- Master servicer
- Trimont LLC
- Originator
- WFB
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1900 Churn Creek Road, Redding, CA 96002
- Rentable area
- 56,937 sq ft
- Built
- 1986
- Largest tenants
- Far Northern Regional Center; FBI; Dept of Rehabilitation Services
- Value at securitization
- $9.8M (Mar 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.17x | 2.30x |
| Occupancy | 93% | 97% |
| Net operating income (annualized from 6 months) | $743K | $795K |
| Debt yield | 16.2% |
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-BNK5 filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 2026.
- Matures within 12 months
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 93% when the loan was securitized to 97%.
- Net operating income is 7% above the underwritten figure ($795K a year against $743K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.17x at securitization to 2.30x on the latest statements.
- The filing gives Jun 2025 as the lease end date for the largest tenant (Far Northern Regional Center), 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 | $4.9M | Current | No | 2.30x | 97% |
| August 2026 | $4.9M | Current | No | 2.30x | 97% |
| July 2026 | $4.9M | Current | No | 2.12x | 100% |
| June 2026 | $4.9M | Current | No | 2.12x | 100% |
| May 2026 | $5.0M | Current | No | 2.41x | 98% |
| April 2026 | $5.0M | Current | No | 2.41x | 98% |
| March 2026 | $5.0M | Current | No | 2.41x | 98% |
| February 2026 | $5.0M | Current | No | 2.41x | 98% |
| January 2026 | $5.0M | Current | No | 2.41x | 100% |
| December 2025 | $5.0M | Current | No | 2.41x | 100% |
| November 2025 | $5.0M | Current | No | 2.41x | 100% |
| October 2025 | $5.0M | Current | No | 2.20x | 96% |
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-BNK5 | 44 | $4,912,835 | Sep 2026 | SEC filing, October 1, 2026 |
Other California loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Sandpointe Apartments | Redding, CA | Multifamily | $5.4M | 3.82% | Jul 2027 | 3.12x | 100% | 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.