Retail · San Francisco, California
Vermont Center Showrooms
Vermont Center Showrooms is financed with a $1.5M CMBS loan at 4.47% that reaches maturity on June 11, 2027, in 7 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $1,485,629
- Original balance (same notes)
- $1,797,617
- Interest rate
- 4.47% fixed
- Originated
- June 8, 2017
- Maturity
- June 11, 2027
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- March 10, 2027
- Master servicer
- Trimont LLC
- Originator
- Wells Fargo Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 121-181 Vermont Street; 320-380 15th Street, San Francisco, CA 94103
- Metro
- San Francisco-Oakland-Fremont, CA
- Rentable area
- 18,466 sq ft
- Built
- 1983
- Largest tenants
- Woven Designs 3; Dawson Custom Workroom; Woven Designs
- Value at securitization
- $9.3M (Apr 2017)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 3.18x | 1.53x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 3 months) | $347K | $169K |
| Debt yield | 11.3% |
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-BNK6 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage down 0.25x or more from securitization
- NOI down 20% 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
- Net operating income is 51% below the underwritten figure ($169K a year against $347K; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 3.18x at securitization to 1.53x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $1.5M | Current | No | 1.53x | 100% |
| August 2026 | $1.5M | Current | No | 1.53x | 100% |
| July 2026 | $1.5M | Current | No | 1.53x | 100% |
| June 2026 | $1.5M | Current | No | 1.66x | 55% |
| May 2026 | $1.5M | Current | No | 1.66x | 55% |
| April 2026 | $1.5M | Current | No | 1.66x | 55% |
| March 2026 | $1.5M | Current | No | 1.66x | 55% |
| February 2026 | $1.5M | Current | No | 1.66x | 55% |
| January 2026 | $1.5M | Current | No | 1.66x | 55% |
| December 2025 | $1.5M | Current | No | 1.66x | 55% |
| November 2025 | $1.5M | Current | No | 1.66x | 55% |
| October 2025 | $1.5M | Current | No | 1.66x | 55% |
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 2017-BNK6 | 67 | $1,485,629 | Sep 2026 | SEC filing, September 29, 2026 |
Other San Francisco-Oakland-Fremont loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 222 Second Street | San Francisco, CA | Office | $291.5M | 3.926% | Sep 2027 | 1.25x | 100% | Current |
| 300 Montgomery | San Francisco, CA | Office | $66.0M | 3.57% | Sep 2027 | 1.56x | 61% | Current |
| 55 Hawthorne | San Francisco, CA | Office | $61.5M | 4.123% | Jan 2027 | -0.77x | 24% | With the special servicer and 90+ days delinquent |
| Doubletree Berkeley Marina | Berkeley, CA | Hotel | $30.1M | 4.82% | Sep 2027 | -0.48x | 72% | With the special servicer |
| 634 Second Street | San Francisco, CA | Office | $27.9M | 4.909% | Mar 2027 | 2.23x | 99% | Current |
| 181 Second Avenue | San Mateo, CA | Office | $22.6M | 3.60% | Jul 2027 | 2.51x | 67% | Current |
| 555 De Haro | San Francisco, CA | Industrial | $19.0M | 4.31% | Nov 2027 | 1.95x | 80% | Current |
| San Mateo Self Storage | San Mateo, CA | Self storage | $19.0M | 4.35% | Feb 2027 | 3.25x | 100% | Current |
All loans maturing in 2027 · All San Francisco-Oakland-Fremont 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.