Office · Phoenix, Arizona
Siete Square I
Siete Square I is financed with a $5.2M CMBS loan at 4.47% that reaches maturity on June 6, 2027, in 7 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $5,152,609
- Original balance (same notes)
- $5,925,000
- Interest rate
- 4.47% fixed
- Originated
- June 2, 2017
- Maturity
- June 6, 2027
- Payments
- Interest only for 24 months, then amortizing
- Prepayment lockout ended
- August 5, 2019
- Master servicer
- Trimont LLC
- Originator
- Starwood Mortgage Capital LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 3737 North 7th Street, Phoenix, AZ 85014
- Metro
- Phoenix-Mesa-Chandler, AZ
- Rentable area
- 57,933 sq ft
- Built
- 1982
- Largest tenants
- Castle Biosciences Inc; United States of America; HOME ASSIST HEALTH
- Value at securitization
- $9.3M (Apr 2017)
Performance
| At securitization | Latest (Sep 2025) | |
|---|---|---|
| DSCR (NOI) | 1.89x | 2.48x |
| Occupancy | 96% | 100% |
| Net operating income (annualized from 9 months) | $679K | $891K |
| Debt yield | 17.3% |
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 JPMCC Commercial Mortgage Securities Trust 2017-JP7 filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 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 96% when the loan was securitized to 100%.
- Net operating income is 31% above the underwritten figure ($891K a year against $679K; the latest statement covers 9 months, annualized).
- Debt service coverage moved from 1.89x at securitization to 2.48x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $5.2M | Current | No | 2.48x | 100% |
| August 2026 | $5.2M | Current | No | 2.48x | 100% |
| July 2026 | $5.2M | Current | No | 2.48x | 100% |
| June 2026 | $5.2M | Current | No | 2.48x | 100% |
| May 2026 | $5.2M | Current | No | 2.48x | 100% |
| April 2026 | $5.2M | Current | No | 2.48x | 100% |
| March 2026 | $5.2M | Current | No | 2.48x | 100% |
| February 2026 | $5.2M | Current | No | 2.48x | 100% |
| January 2026 | $5.2M | Current | No | 2.48x | 100% |
| December 2025 | $5.2M | Current | No | 2.48x | 100% |
| November 2025 | $5.3M | Current | No | 2.48x | 100% |
| October 2025 | $5.3M | Current | No | 2.48x | 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 |
|---|---|---|---|---|
| JPMCC Commercial Mortgage Securities Trust 2017-JP7 | 34 | $5,152,609 | Sep 2026 | SEC filing, September 28, 2026 |
Other Phoenix-Mesa-Chandler loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Northern Trust Office | Tempe, AZ | Office | $40.4M | 3.56% | Oct 2027 | 2.59x | 100% | Current |
| Gateway Crossing | Avondale, AZ | Retail | $30.7M | 4.73% | Mar 2027 | 1.19x | 99% | Current |
| Spectrum Town Center | Gilbert, AZ | Retail | $28.1M | 4.387% | Nov 2027 | 1.98x | 98% | Current |
| Metro Towne Center | Phoenix, AZ | Retail | $18.4M | 4.12% | Sep 2027 | 2.42x | 93% | Current |
| Heritage Marketplace | Gilbert, AZ | Retail | $14.5M | 4.659% | Nov 2027 | 1.48x | 94% | Current |
| Thunderbird Beltway | Peoria, AZ | Retail | $11.2M | 4.59% | May 2027 | 1.93x | 95% | Current |
| Kohls - Scottsdale | Scottsdale, AZ | Retail | $11.1M | 4.46% | May 2027 | 1.60x | 100% | Current |
| Paseo Lindo | Chandler, AZ | Retail | $9.1M | 4.23% | Oct 2027 | 5.45x | 100% | Current |
All loans maturing in 2027 · All Phoenix-Mesa-Chandler 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.