Office · Irvine, California
42 Corporate Park
42 Corporate Park is financed with a $2.7M CMBS loan at 4.77% that reaches maturity on August 1, 2028, in 21 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $2,700,000
- Original balance (same notes)
- $2,700,000
- Interest rate
- 4.77% fixed
- Originated
- July 6, 2018
- Maturity
- August 1, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ended
- August 31, 2020
- Prepayment premium ends
- April 30, 2028 (yield maintenance)
- Originator
- CIBC Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 42 Corporate Park, Irvine, CA 92606
- Metro
- Los Angeles-Long Beach-Anaheim, CA
- Rentable area
- 18,929 sq ft
- Built
- 1985, renovated 2017
- Largest tenants
- AERONET WORLDWIDE, CALIF. CORP; DKN HOTELS, LLC.; AERONET W/100
- Value at securitization
- $5.0M (May 2018)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 2.26x | n/a |
| Occupancy | 100% | n/a |
| Net operating income | $295K | n/a |
Watch flags
Computed from the UBS Commercial Mortgage Trust 2018-C12 filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
None this month. No flag in the cmbs.news screen applies to this loan.
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
The last 11 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $2.7M | Current | No | n/a | n/a |
| August 2026 | $2.7M | Current | No | n/a | n/a |
| July 2026 | $2.7M | Current | No | n/a | n/a |
| June 2026 | $2.7M | Current | No | n/a | n/a |
| May 2026 | $2.7M | Current | No | n/a | n/a |
| April 2026 | $2.7M | Current | No | 2.09x | 100% |
| March 2026 | $2.7M | Current | No | 2.09x | 100% |
| February 2026 | $2.7M | Current | No | 2.09x | 100% |
| January 2026 | $2.7M | Current | No | 2.34x | 100% |
| December 2025 | $2.7M | Current | No | 2.34x | 100% |
| October 2025 | $2.7M | Current | No | 2.27x | 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.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| UBS Commercial Mortgage Trust 2018-C12 | 63 | $2,700,000 | 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.