Office · Long Beach, California
2679 Redondo
2679 Redondo is financed with a $5.1M CMBS loan at 3.75% that reaches maturity on August 6, 2031, in 4 years and 9 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer and 90+ days delinquent.
The loan
- Balance in tracked trusts
- $5,100,000
- Original balance (same notes)
- $5,100,000
- Interest rate
- 3.75% fixed
- Originated
- July 20, 2021
- Maturity
- August 6, 2031
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ends
- May 5, 2031
- Master servicer
- Midland Loan Services
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred March 10, 2025
- Workout strategy
- REO
- Advancing
- The servicer has stopped advancing on this loan (non-recoverable)
- Defeasance
- None reported
The property
- Address
- 2679 Redondo Avenue, Long Beach, CA 90806
- Metro
- Los Angeles-Long Beach-Anaheim, CA
- Rentable area
- 13,000 sq ft
- Built
- 1960
- Value at securitization
- $8.8M (May 2021)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.62x | n/a |
| Occupancy | 100% | n/a |
| Net operating income (annualized from 6 months) | $458K | $20K |
| Debt yield | 0.4% |
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 2021-B28 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
- NOI down 20% or more from securitization
- Servicer stopped advancing
On the cmbs.news watch list in all 12 monthly reports we hold (October 2025 to September 2026).
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 96% below the underwritten figure ($20K a year against $458K; the latest statement covers 6 months, annualized).
- The most recent valuation in the filing is $4.0M (October 1, 2025), against $8.8M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $5.1M | 90+ days delinquent | Yes | n/a | n/a |
| August 2026 | $5.1M | 90+ days delinquent | Yes | n/a | n/a |
| July 2026 | $5.1M | 90+ days delinquent | Yes | n/a | n/a |
| June 2026 | $5.1M | 90+ days delinquent | Yes | n/a | n/a |
| May 2026 | $5.1M | 90+ days delinquent | Yes | n/a | n/a |
| April 2026 | $5.1M | 90+ days delinquent | Yes | 0.18x | n/a |
| March 2026 | $5.1M | 90+ days delinquent | Yes | 0.00x | n/a |
| February 2026 | $5.1M | 90+ days delinquent | Yes | 0.00x | n/a |
| January 2026 | $5.1M | 90+ days delinquent | Yes | n/a | n/a |
| December 2025 | $5.1M | 90+ days delinquent | Yes | n/a | n/a |
| November 2025 | $5.1M | 90+ days delinquent | Yes | n/a | n/a |
| October 2025 | $5.1M | 90+ days delinquent | Yes | n/a | n/a |
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.
Special-servicing history
- Transferred to the special servicer March 10, 2025, still there.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Benchmark 2021-B28 Mortgage Trust | 65 | $5,100,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other Los Angeles-Long Beach-Anaheim loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 1888 Century Park East | Los Angeles, CA | Office | $200.0M | 2.641% | Dec 2031 | 3.24x | 70% | Current |
| 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 |
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.