Office portfolio, 2 properties · Bellevue, Washington
The Summit, Bellevue
This portfolio is financed with a $65.0M CMBS loan at 2.952% that reaches maturity on February 6, 2029, in 2 years and 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
- $65,000,000
- Original balance (same notes)
- $65,000,000
- Interest rate
- 2.952% fixed
- Originated
- December 10, 2021
- Maturity
- February 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ended
- January 5, 2024
- Prepayment premium ends
- August 5, 2028 (yield maintenance)
- Master servicer
- KeyBank National Association
- Originator
- Goldman Sachs Bank USA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 355 110th Avenue Northeast, 10885 Northeast 4th Street and 320 108th Avenue Northeast, Bellevue, WA 98004
- Metro
- Seattle-Tacoma-Bellevue, WA
- Rentable area
- 907,306 sq ft
- Built
- 2002
- Largest tenants
- Amazon.com Services Inc; Puget Sound Energy Inc; 10885 NE 4th Street Tenant LLC
- Value at securitization
- $895.5M (Nov 2021)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 4.20x | n/a |
| Occupancy | 98% | n/a |
| Net operating income | $41.1M | n/a |
Watch flags
Computed from the Benchmark 2022-B32 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
None this month. No flag in the cmbs.news screen applies to this loan.
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $65.0M | Current | No | n/a | n/a |
| August 2026 | $65.0M | Current | No | n/a | n/a |
| July 2026 | $65.0M | Current | No | n/a | n/a |
| June 2026 | $65.0M | Current | No | n/a | n/a |
| May 2026 | $65.0M | Current | No | n/a | n/a |
| April 2026 | $65.0M | Current | No | 2.47x | 87% |
| March 2026 | $65.0M | Current | No | 2.53x | 87% |
| February 2026 | $65.0M | Current | No | 2.53x | 87% |
| January 2026 | $65.0M | Current | No | 2.53x | 87% |
| December 2025 | $65.0M | Current | No | 2.49x | 87% |
| November 2025 | $65.0M | Current | No | 2.49x | 87% |
| October 2025 | $65.0M | Current | No | 2.49x | 87% |
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 |
|---|---|---|---|---|
| Benchmark 2022-B32 Mortgage Trust | 10 | $65,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other Seattle-Tacoma-Bellevue loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Newport Corporate Center | Bellevue, WA | Office | $164.0M | 3.543% | May 2029 | 5.70x | 100% | Current |
| Summit 1, 2, 3 | Bellevue, WA | Office | $155.0M | 2.952% | Feb 2029 | n/a | n/a | Current |
| Sunset North | Bellevue, WA | Office | $150.0M | 3.25% | Oct 2029 | 1.96x | 66% | Current |
| 4th & Battery | Seattle, WA | Office | $135.0M | 4.378% | Jun 2029 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Millennium Corporate Park | Redmond, WA | Office | $131.0M | 3.032% | Jan 2029 | 3.62x | 89% | Current |
| 90 North Campus | Bellevue, WA | Office | $80.0M | 3.732% | Dec 2029 | 2.97x | 100% | Current |
| University Village, Seattle | Seattle, WA | Retail | $75.0M | 3.30% | Dec 2029 | 2.52x | 95% | Current |
| The Outlet Collection Seattle | Auburn, WA | Retail | $53.3M | 7.33% | Dec 2029 | 2.57x | 98% | Current |
All loans maturing in 2029 · All Seattle-Tacoma-Bellevue 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.