Self storage portfolio, 2 properties · Washington
Spokane South Hill Portfolio
This portfolio is financed with a $9.5M CMBS loan at 4.80% that reaches maturity on January 11, 2027, in 2 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $9,501,485
- Original balance (same notes)
- $10,950,000
- Interest rate
- 4.80% fixed
- Originated
- December 12, 2016
- Maturity
- January 11, 2027
- Payments
- Interest only for 24 months, then amortizing
- Prepayment lockout ended
- March 10, 2019
- Prepayment premium ends
- July 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
- Value at securitization
- $16.8M (Nov 2016)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.61x | 2.61x |
| Occupancy | 96% | 90% |
| Net operating income (annualized from 6 months) | $1.1M | $1.8M |
| Debt yield | 19.1% |
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 96% when the loan was securitized to 90%.
- Net operating income is 63% above the underwritten figure ($1.8M a year against $1.1M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.61x at securitization to 2.61x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $9.5M | Current | No | 2.61x | 90% |
| August 2026 | $9.5M | Current | No | 2.61x | 90% |
| July 2026 | $9.5M | Current | No | 2.62x | 89% |
| June 2026 | $9.6M | Current | No | 2.62x | 89% |
| May 2026 | $9.6M | Current | No | 2.62x | 89% |
| April 2026 | $9.6M | Current | No | 2.57x | 88% |
| March 2026 | $9.6M | Current | No | 2.57x | 88% |
| February 2026 | $9.6M | Current | No | 2.57x | 88% |
| January 2026 | $9.7M | Current | No | 2.59x | 86% |
| December 2025 | $9.7M | Current | No | 2.59x | 86% |
| November 2025 | $9.7M | Current | No | 2.59x | 86% |
| October 2025 | $9.7M | Current | No | 2.60x | 90% |
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 | 26 | $9,501,485 | Sep 2026 | SEC filing, September 29, 2026 |
Other Washington loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Komo Plaza | Seattle, WA | Mixed use | $139.0M | 4.299% | Jan 2027 | 2.85x | 100% | Current |
| Westin Building Exchange | Seattle, WA | Other | $135.0M | 3.29% | Jul 2027 | 18.47x | 71% | Current |
| Grand Hyatt Seattle | Seattle, WA | Hotel | $133.0M | 4.74% | Jun 2027 | -0.24x | 66% | Current |
| Renaissance Seattle Hotel | Seattle, WA | Hotel | $127.0M | 4.81% | Jun 2027 | 0.41x | 66% | Current |
| Bravern Office Commons | Bellevue, WA | Office | $75.0M | 3.203% | Jan 2027 | 3.54x | 100% | With the special servicer and 90+ days delinquent |
| 1000 Denny Way | Seattle, WA | Office | $56.0M | 5.107% | Feb 2027 | 1.69x | 57% | With the special servicer |
| Centre 425 Bellevue, Bellevue (2027 maturity), loan 8 in CSAIL 2017-CX10 Commercial Mortgage Trust | Bellevue, WA | Office | $44.0M | 4.151% | Nov 2027 | 1.94x | 100% | Current |
| Centre 425 Bellevue, Bellevue (2027 maturity), loan 4 in UBS Commercial Mortgage Trust 2017-C5 | Bellevue, WA | Office | $40.0M | 4.151% | Nov 2027 | 4.53x | 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.