Office · Mill Valley, California
Shoreline Office Center
Shoreline Office Center is financed with a $20.2M CMBS loan at 4.50% that reaches maturity on December 11, 2026, in 1 month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $20,198,679
- Original balance (same notes)
- $23,500,000
- Interest rate
- 4.50% fixed
- Originated
- November 15, 2016
- Maturity
- December 11, 2026
- Payments
- Interest only for 24 months, then amortizing
- Prepayment lockout ended
- August 10, 2026
- Master servicer
- Trimont LLC
- Originator
- WFB
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 100 Shoreline Highway, Mill Valley, CA 94941
- Metro
- San Francisco-Oakland-Fremont, CA
- Rentable area
- 98,861 sq ft
- Built
- 1984
- Largest tenants
- CLUB EVEXIA INC; PRESIDIO BRANDS INC; JEDI LABS LLC
- Value at securitization
- $36.4M (Sep 2016)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.74x | 2.35x |
| Occupancy | 95% | 91% |
| Net operating income (annualized from 6 months) | $2.5M | $3.4M |
| Debt yield | 16.8% |
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 of America Merrill Lynch Commercial Mortgage Trust 2017-BNK3 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 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 fallen from 95% when the loan was securitized to 91%.
- Net operating income is 37% above the underwritten figure ($3.4M a year against $2.5M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.74x at securitization to 2.35x on the latest statements.
- The filing gives Jan 2021 as the lease end date for the largest tenant (CLUB EVEXIA INC), 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 | $20.2M | Current | No | 2.35x | 91% |
| August 2026 | $20.2M | Current | No | 2.35x | 91% |
| July 2026 | $20.3M | Current | No | 2.13x | 89% |
| June 2026 | $20.3M | Current | No | 2.13x | 89% |
| May 2026 | $20.4M | Current | No | 2.13x | 89% |
| April 2026 | $20.4M | Current | No | 1.85x | 93% |
| March 2026 | $20.4M | Current | No | 1.85x | 93% |
| February 2026 | $20.5M | Current | No | 1.85x | 93% |
| January 2026 | $20.5M | Current | No | 1.99x | 92% |
| December 2025 | $20.6M | Current | No | 1.99x | 92% |
| November 2025 | $20.6M | Current | No | 1.99x | 92% |
| October 2025 | $20.7M | Current | No | 2.21x | 93% |
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 of America Merrill Lynch Commercial Mortgage Trust 2017-BNK3 | 12 | $20,198,679 | Sep 2026 | SEC filing, September 29, 2026 |
Other San Francisco-Oakland-Fremont loans due in 2026
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| The Cove at Tiburon | Tiburon, CA | Multifamily | $50.0M | 3.75% | Oct 2026 | 1.21x | 87% | With the special servicer |
| La Quinta Inn Berkeley | Berkeley, CA | Hotel | $9.5M | 5.20% | Feb 2026 | -0.44x | n/a | Past maturity and not performing |
| Bay Area Self Storage Phase 1 | San Carlos, CA | Self storage | $8.8M | 4.024% | Dec 2026 | 4.30x | 100% | Current |
| Alameda Apartments | Alameda, CA | Multifamily | $5.9M | 4.877% | Dec 2026 | 1.75x | 86% | Current |
| 1350 Carlback Avenue | Walnut Creek, CA | Office | $5.8M | 4.15% | Nov 2026 | 2.09x | 100% | Current |
| Storquest - Oakland, Ca | Oakland, CA | Self storage | $5.1M | 4.298% | Dec 2026 | 2.34x | 81% | Current |
| Bay Area Self Storage Phase 2 | San Carlos, CA | Self storage | $5.0M | 4.024% | Dec 2026 | 4.38x | 100% | Current |
All loans maturing in 2026 · All San Francisco-Oakland-Fremont 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.