Office · Cambridge, Massachusetts
The Davenport
Public CMBS trusts hold $105.0M of the loan on The Davenport at 4.22% that reaches maturity on February 11, 2027, in 3 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $105,000,000
- Original balance (same notes)
- $105,000,000
- Interest rate
- 4.22% fixed
- Originated
- February 6, 2017
- Maturity
- February 11, 2027
- Payments
- Interest only for the full term
- Master servicer
- Trimont LLC
- Originator
- WFB
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 25 First Street, Cambridge, MA 02141
- Metro
- Boston-Cambridge-Newton, MA-NH
- Rentable area
- 230,864 sq ft
- Built
- 1888, renovated 2015
- Largest tenants
- Hubspot Inc.; ATLAS VENTURE; NATURE PUBLISHING GROUP
- Value at securitization
- $214.0M (Nov 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.01x | 3.08x |
| Occupancy | 93% | 99% |
| Net operating income (annualized from 6 months) | $9.0M | $13.9M |
| Debt yield | 13.3% |
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 BANK 2017-BNK4 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 risen from 93% when the loan was securitized to 99%.
- Net operating income is 54% above the underwritten figure ($13.9M a year against $9.0M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.01x at securitization to 3.08x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $105.0M | Current | No | 3.08x | 99% |
| August 2026 | $105.0M | Current | No | 3.07x | 99% |
| July 2026 | $105.0M | Current | No | 3.07x | 99% |
| June 2026 | $105.0M | Current | No | 3.07x | 99% |
| May 2026 | $105.0M | Current | No | 3.02x | 99% |
| April 2026 | $105.0M | Current | No | 3.02x | 99% |
| March 2026 | $105.0M | Current | No | 3.02x | 99% |
| February 2026 | $105.0M | Current | No | 3.02x | 99% |
| January 2026 | $105.0M | Current | No | 2.98x | 99% |
| December 2025 | $105.0M | Current | No | 2.98x | 99% |
| November 2025 | $105.0M | Current | No | 2.99x | 99% |
| October 2025 | $105.0M | Current | No | 2.99x | 99% |
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
The loan is split into 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2017-RB1 | 2 | $55,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| BANK 2017-BNK4 | 6 | $50,000,000 | Sep 2026 | SEC filing, September 29, 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 |
| South Station Head House | Boston, MA | Mixed use | $75.0M | 4.495% | Sep 2027 | 2.23x | 89% | 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 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.