Mixed use · Boston, Massachusetts
South Station Head House
South Station Head House is financed with a $75.0M CMBS loan at 4.495% that reaches maturity on September 6, 2027, in 10 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $75,000,000
- Original balance (same notes)
- $75,000,000
- Interest rate
- 4.495% fixed
- Originated
- August 21, 2017
- Maturity
- September 6, 2027
- Payments
- Interest only for the full term
- Prepayment lockout ends
- July 5, 2027
- Master servicer
- Midland Loan Services
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 700 Atlantic Avenue, Boston, MA 02110
- Metro
- Boston-Cambridge-Newton, MA-NH
- Rentable area
- 204,617 sq ft
- Built
- 1899, renovated 1988
- Largest tenants
- COMMONWEALTH OF MASS; CVS; AMTRAK - OFFICE
- Value at securitization
- $127.5M (Jul 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.87x | 2.23x |
| Occupancy | 99% | 89% |
| Net operating income (annualized from 6 months) | $6.4M | $15.4M |
| Debt yield | 20.5% |
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 CITIGROUP COMMERCIAL MORTGAGE TRUST 2017-C4 filing for the reporting period ending September 8, 2026, filed with the SEC September 25, 2026.
- Occupancy down 10 points or more from securitization
- 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 99% when the loan was securitized to 89%.
- Net operating income is 141% above the underwritten figure ($15.4M a year against $6.4M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.87x at securitization to 2.23x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $75.0M | Current | No | 2.23x | 89% |
| August 2026 | $75.0M | Current | No | 1.24x | 90% |
| July 2026 | $75.0M | Current | No | 1.24x | 90% |
| June 2026 | $75.0M | Current | No | n/a | n/a |
| May 2026 | $75.0M | Current | No | n/a | n/a |
| April 2026 | $75.0M | Current | No | 1.97x | 89% |
| March 2026 | $75.0M | Current | No | 1.97x | 89% |
| February 2026 | $75.0M | Current | No | 1.97x | 89% |
| January 2026 | $75.0M | Current | No | 1.97x | 89% |
| December 2025 | $75.0M | Current | No | 1.84x | 84% |
| November 2025 | $75.0M | Current | No | 1.84x | 84% |
| October 2025 | $75.0M | Current | No | 1.84x | 84% |
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 |
|---|---|---|---|---|
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2017-C4 | 1 | $75,000,000 | Sep 2026 | SEC filing, September 25, 2026 |
Other Boston-Cambridge-Newton loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Park Square | Boston, MA | Office | $160.0M | 4.146% | Nov 2027 | 0.57x | 40% | With the special servicer and 90+ days delinquent |
| The Davenport | Cambridge, MA | Office | $105.0M | 4.22% | Feb 2027 | 3.08x | 99% | Current |
| U-Haul of Medford | Somerville, MA | Self storage | $51.2M | 3.703% | Sep 2027 | n/a | n/a | Current |
| Hampton Inn - Boston Braintree | Braintree, MA | Hotel | $12.6M | 4.75% | Jun 2027 | 1.13x | 82% | Current |
| 400 Manley | West Bridgewater, MA | Industrial | $8.3M | 4.99% | Mar 2027 | -0.26x | 41% | Current |
| Artist Building at 300 Summer Cooperative Corporation | Boston, MA | Other | $8.0M | 4.62% | Sep 2027 | n/a | n/a | Current |
| Best Buy - Braintree | Braintree, MA | Retail | $6.6M | 4.82% | Jan 2027 | 2.93x | 100% | Current |
| Walgreens Dorchester | Boston, MA | Retail | $3.0M | 5.11% | Jan 2027 | n/a | n/a | Current |
All loans maturing in 2027 · All Boston-Cambridge-Newton loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 8, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.