Office · Los Angeles, California
321 East 2nd Street
321 East 2nd Street is financed with a $11.3M CMBS loan at 5.11% that reaches maturity on February 6, 2028, in 15 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer.
The loan
- Balance in tracked trusts
- $11,250,000
- Original balance (same notes)
- $11,250,000
- Interest rate
- 5.11% fixed
- Originated
- January 31, 2018
- Maturity
- February 6, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ended
- May 5, 2020
- Originator
- Argentic Real Estate Finance LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred August 27, 2026
- Workout strategy
- Other
- Defeasance
- None reported
The property
- Address
- 321 East 2nd Street, Los Angeles, CA 90012
- Metro
- Los Angeles-Long Beach-Anaheim, CA
- Rentable area
- 54,827 sq ft
- Built
- 1965, renovated 2016
- Largest tenants
- Federal Public Defenders
- Value at securitization
- $18.0M (Jan 2018)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.73x | n/a |
| Occupancy | 100% | n/a |
| Net operating income | $1.0M | n/a |
Watch flags
Computed from the CSAIL 2018-CX11 Commercial Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- With the special servicer
- Largest tenant's lease ends within 12 months
On the cmbs.news watch list in every report since 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
- The filing gives Dec 2026 as the lease end date for the largest tenant (Federal Public Defenders), before the loan matures. Lenders look hard at that rollover.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $11.3M | Current | Yes | n/a | n/a |
| August 2026 | $11.3M | Current | No | n/a | n/a |
| July 2026 | $11.3M | Current | No | n/a | n/a |
| June 2026 | $11.3M | Current | No | n/a | n/a |
| May 2026 | $11.3M | Current | No | n/a | n/a |
| April 2026 | $11.3M | Current | No | 1.05x | 100% |
| March 2026 | $11.3M | Current | No | 1.26x | 100% |
| February 2026 | $11.3M | Current | No | 1.26x | 100% |
| January 2026 | $11.3M | Current | No | 1.26x | 100% |
| December 2025 | $11.3M | Current | No | 1.26x | 100% |
| November 2025 | $11.3M | Current | No | 1.26x | 100% |
| October 2025 | $11.3M | Current | No | 1.26x | 100% |
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 August 27, 2026, 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 |
|---|---|---|---|---|
| CSAIL 2018-CX11 Commercial Mortgage Trust | 29 | $11,250,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other Los Angeles-Long Beach-Anaheim loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Aliso Viejo Commerce Center | Aliso Viejo, CA | Mixed use | $174.2M | 4.89% | Feb 2028 | n/a | n/a | Current |
| Airport Business Center, Irvine | Irvine, CA | Industrial | $150.0M | 4.375% | Feb 2028 | 3.15x | 90% | Current |
| Atlantic Times Square | Monterey Park, CA | Mixed use | $98.0M | 4.845% | Apr 2028 | 1.62x | 91% | Current |
| 12800 Culver | Los Angeles, CA | Other | $84.8M | 6.533% | Jul 2028 | 2.60x | 100% | Current |
| Red Building | West Hollywood, CA | Office | $80.0M | 4.386% | Jan 2028 | 1.60x | 73% | Current |
| Aliso Creek Apartments | Aliso Viejo, CA | Multifamily | $63.0M | 3.519% | Apr 2028 | 6.37x | 96% | Current |
| 6420 Wilshire | Los Angeles, CA | Office | $62.0M | 4.276% | Jan 2028 | 0.93x | 72% | Current |
| Soho Warehouse DTLA | Los Angeles, CA | Mixed use | $61.3M | 7.83% | May 2028 | 1.48x | 100% | Current |
All loans maturing in 2028 · 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.