Mixed use · Oakland, California
Village Square, Oakland
Village Square is financed with a $7.2M CMBS loan at 4.49% that reaches maturity on September 6, 2027, in 10 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $7,200,000
- Original balance (same notes)
- $7,200,000
- Interest rate
- 4.49% fixed
- Originated
- August 7, 2017
- Maturity
- September 6, 2027
- Payments
- Interest only for the full term
- Prepayment lockout ends
- May 5, 2027
- Master servicer
- Trimont LLC
- Originator
- Cantor Commercial Real Estate Lending, L.P.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 2220 Mountain Boulevard, Oakland, CA 94611
- Metro
- San Francisco-Oakland-Fremont, CA
- Rentable area
- 36,047 sq ft
- Built
- 1967, renovated 1988
- Largest tenants
- Pet Food Express; Wells Fargo Bank; Alan Carlson
- Value at securitization
- $15.0M (Jun 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.38x | 2.85x |
| Occupancy | 90% | 100% |
| Net operating income (annualized from 6 months) | $781K | $940K |
| Debt yield | 13.1% |
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 Benchmark 2018-B1 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 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 90% when the loan was securitized to 100%.
- Net operating income is 20% above the underwritten figure ($940K a year against $781K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.38x at securitization to 2.85x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $7.2M | Current | No | 2.85x | 100% |
| August 2026 | $7.2M | Current | No | 2.85x | 100% |
| July 2026 | $7.2M | Current | No | 2.85x | 100% |
| June 2026 | $7.2M | Current | No | 3.02x | 100% |
| May 2026 | $7.2M | Current | No | 3.02x | 100% |
| April 2026 | $7.2M | Current | No | 2.81x | 100% |
| March 2026 | $7.2M | Current | No | 2.74x | 98% |
| February 2026 | $7.2M | Current | No | 2.74x | 98% |
| January 2026 | $7.2M | Current | No | 2.74x | 98% |
| December 2025 | $7.2M | Current | No | 2.74x | 98% |
| November 2025 | $7.2M | Current | No | 2.74x | 98% |
| October 2025 | $7.2M | Current | No | 2.74x | 98% |
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 2018-B1 Mortgage Trust | 40 | $7,200,000 | Sep 2026 | SEC filing, October 1, 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.