Office · Los Angeles, California
1888 Century Park East
Public CMBS trusts hold $200.0M of the loan on 1888 Century Park East at 2.641% that reaches maturity on December 6, 2031, in 5 years and 1 month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $200,000,000
- Original balance (same notes)
- $200,000,000
- Interest rate
- 2.641% fixed
- Originated
- November 24, 2021
- Maturity
- December 6, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ended
- July 5, 2022
- Prepayment premium ends
- July 5, 2031 (yield maintenance)
- Master servicer
- Midland Loan Services
- Originator
- Barclays Capital Real Estate Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1888 Century Park East, Los Angeles, CA 90067
- Metro
- Los Angeles-Long Beach-Anaheim, CA
- Rentable area
- 498,744 sq ft
- Built
- 1970, renovated 2016
- Largest tenants
- JPMorgan Chase Bank, N.A.; Sullivan & Cromwell LLP Saul Ewing; Horizon Media, Inc.
- Value at securitization
- $478.0M (Oct 2021)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 4.51x | 3.24x |
| Occupancy | 92% | 70% |
| Net operating income (annualized from 3 months) | $24.2M | $17.6M |
| Debt yield | 8.8% |
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 BBCMS Mortgage Trust 2022-C16 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
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 fallen from 92% when the loan was securitized to 70%.
- Net operating income is 27% below the underwritten figure ($17.6M a year against $24.2M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 4.51x at securitization to 3.24x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $200.0M | Current | No | 3.24x | 70% |
| August 2026 | $200.0M | Current | No | 3.24x | 70% |
| July 2026 | $200.0M | Current | No | n/a | n/a |
| June 2026 | $200.0M | Current | No | n/a | n/a |
| May 2026 | $200.0M | Current | No | n/a | n/a |
| April 2026 | $200.0M | Current | No | 3.15x | 71% |
| March 2026 | $200.0M | Current | No | 3.15x | 71% |
| February 2026 | $200.0M | Current | No | 3.15x | 71% |
| January 2026 | $200.0M | Current | No | 3.15x | 71% |
| December 2025 | $200.0M | Current | No | 3.57x | 75% |
| November 2025 | $200.0M | Current | No | 3.57x | 75% |
| October 2025 | $200.0M | Current | No | 3.57x | 75% |
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 3 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2022-C14 | 2 | $70,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| BBCMS Mortgage Trust 2022-C15 | 2 | $65,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| BBCMS Mortgage Trust 2022-C16 | 3 | $65,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Los Angeles-Long Beach-Anaheim loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Hilton Waterfront Beach Resort | Huntington Beach, CA | Hotel | $127.0M | 6.107% | Mar 2031 | n/a | n/a | Current |
| Glendale Fashion Center | Glendale, CA | Retail | $100.0M | 6.518% | Jul 2031 | n/a | n/a | Current |
| Freeway Business Park | Long Beach, CA | Office | $95.0M | 6.024% | Mar 2031 | n/a | n/a | Current |
| La Habra Marketplace | La Habra, CA | Retail | $95.0M | 3.70% | Dec 2031 | 2.67x | 99% | Current |
| Plaza La Cienega | Los Angeles, CA | Mixed use | $90.0M | 3.49% | Oct 2031 | n/a | n/a | Current |
| Chateau Marmont | Los Angeles, CA | Hotel | $65.0M | 6.51% | Apr 2031 | n/a | n/a | Current |
| Del Rey Campus | Los Angeles, CA | Office | $65.0M | 6.95% | Mar 2031 | n/a | n/a | Current |
| Westwood Multifamily Portfolio | Los Angeles, CA | Multifamily | $65.0M | 6.332% | May 2031 | n/a | n/a | Current |
All loans maturing in 2031 · All Los Angeles-Long Beach-Anaheim 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.