Office · Santa Clara, California
The Atrium At Lakeside
The Atrium At Lakeside is financed with a $16.5M CMBS loan at 6.71% that reaches maturity on August 11, 2031, in 4 years and 9 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $16,500,000
- Original balance (same notes)
- $16,500,000
- Interest rate
- 6.71% fixed
- Originated
- July 22, 2026
- Maturity
- August 11, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- February 10, 2031
- Master servicer
- Midland Loan Services
- Originator
- Wells Fargo Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 2880 Lakeside Drive, Santa Clara, CA 95054
- Metro
- San Jose-Sunnyvale-Santa Clara, CA
- Rentable area
- 99,335 sq ft
- Built
- 1986, renovated 2021
- Largest tenants
- Elevated Materials US, LLC; Swinerton Builders; IPValue Management, Inc
- Value at securitization
- $31.2M (Jun 2026)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 2.52x | n/a |
| Occupancy | 83% | n/a |
| Net operating income | $2.8M | n/a |
Watch flags
Computed from the BMO 2026-5C16 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- Largest tenant's lease ends 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
- The filing gives Apr 2027 as the lease end date for the largest tenant (Elevated Materials US, LLC), before the loan matures. Lenders look hard at that rollover.
The last 2 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $16.5M | Current | No | n/a | n/a |
| August 2026 | $16.5M | Payment not received but still in grace period or not yet due | No | n/a | n/a |
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 |
|---|---|---|---|---|
| BMO 2026-5C16 Mortgage Trust | 18 | $16,500,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other San Jose-Sunnyvale-Santa Clara loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| The Towers at Cupertino City Center | Cupertino, CA | Office | $145.0M | 6.442% | Mar 2031 | n/a | n/a | Current |
| 520 Almanor | Sunnyvalle, CA | Mixed use | $101.6M | 2.555% | Nov 2031 | 5.76x | 98% | Current |
| HQ at First | San Jose, CA | Office | $98.7M | 2.97% | Aug 2031 | n/a | n/a | Current |
| The Assembly | San Jose, CA | Industrial | $97.5M | 7.03% | Oct 2031 | n/a | n/a | Current |
| PATHLINE PARK 9 and 10 | Sunnyvale, CA | Office | $90.0M | 2.502% | Feb 2031 | 4.75x | 100% | Current |
| 2600 El Camino Real | Palo Alto, CA | Office | $46.4M | 3.734% | Apr 2031 | 3.02x | 92% | Current |
| 5300-5350 Hellyer Avenue | San Jose, CA | Office | $44.0M | 3.913% | Nov 2031 | 1.30x | 100% | Current |
| 110 120 and 130 Holger Way | San Jose, CA | Office | $42.3M | 2.97% | Aug 2031 | 2.18x | 100% | Current |
All loans maturing in 2031 · All San Jose-Sunnyvale-Santa Clara 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.