Office · Newport Beach, California
610 Newport Center
Public CMBS trusts hold $85.0M of the loan on 610 Newport Center at 5.666% that reaches maturity on July 11, 2034, in 7 years and 8 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $85,000,000
- Original balance (same notes)
- $85,000,000
- Interest rate
- 5.666% fixed
- Originated
- July 9, 2024
- Maturity
- July 11, 2034
- Payments
- Interest only for the full term
- Prepayment lockout ended
- August 10, 2026
- Prepayment premium ends
- March 10, 2034 (yield maintenance)
- Master servicer
- Wells Fargo Bank, NA
- Originator
- WFB, JPMCB
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 610 Newport Center Drive, Newport Beach, CA 92660
- Metro
- Los Angeles-Long Beach-Anaheim, CA
- Rentable area
- 285,638 sq ft
- Built
- 1972, renovated 2022
- Largest tenants
- Chipotle Mexican Grill Inc.; O'Melveny & Myers LLP; Canterbury Consulting Inc
- Value at securitization
- $191.0M (May 2024)
Performance
| At securitization | Latest (Sep 2025) | |
|---|---|---|
| DSCR (NOI) | 2.99x | 2.39x |
| Occupancy | 92% | 99% |
| Net operating income (annualized from 3 months) | $14.6M | $11.6M |
| Debt yield | 13.7% |
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 Wells Fargo Commercial Mortgage Trust 2024-C63 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage down 0.25x 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 risen from 92% when the loan was securitized to 99%.
- Net operating income is 20% below the underwritten figure ($11.6M a year against $14.6M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 2.99x at securitization to 2.39x on the latest statements.
- The filing gives Oct 2029 as the lease end date for the largest tenant (Chipotle Mexican Grill Inc.), 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 | $85.0M | Current | No | 2.39x | 99% |
| August 2026 | $85.0M | Current | No | 2.39x | 99% |
| July 2026 | $85.0M | Current | No | 2.39x | 99% |
| June 2026 | $85.0M | Current | No | 2.39x | 99% |
| May 2026 | $85.0M | Current | No | 2.89x | 98% |
| April 2026 | $85.0M | Current | No | 3.05x | 98% |
| March 2026 | $111.5M | Current | No | 2.39x | 100% |
| February 2026 | $85.0M | Current | No | 3.05x | 98% |
| January 2026 | $85.0M | Current | No | 3.05x | 98% |
| December 2025 | $85.0M | Current | No | 3.05x | 98% |
| November 2025 | $85.0M | Current | No | 3.05x | 98% |
| October 2025 | $85.0M | Current | No | 3.05x | 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
The loan is split into 6 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2024-C63 | 4 | $30,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| Wells Fargo Commercial Mortgage Trust 2024-C63 | 4B | $20,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| BANK 2024-BNK48 | 13 | $18,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
| BANK 2024-BNK48 | 13A | $12,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
| Wells Fargo Commercial Mortgage Trust 2024-C63 | 4A | $3,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| Wells Fargo Commercial Mortgage Trust 2024-C63 | 4C | $2,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Los Angeles-Long Beach-Anaheim loans due in 2034
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Westwood Gateway II | Los Angeles, CA | Office | $150.0M | 5.56% | Apr 2034 | 2.92x | 93% | Current |
| 20 & 40 Pacifica | Irvine, CA | Office | $115.0M | 5.626% | Jul 2034 | 2.98x | 90% | Current |
| Hilton Garden Inn - Calabasas, CA | Calabasas, CA | Hotel | $34.0M | 7.406% | Oct 2034 | n/a | n/a | Current |
| Anaheim Desert Palm Hotel & Suites | Anaheim, CA | Hotel | $30.0M | 6.727% | May 2034 | 3.47x | 82% | Current |
| Mini U Storage - Newport | Newport Beach, CA | Self storage | $20.0M | 5.90% | Aug 2034 | n/a | n/a | Current |
| Mini U Storage - Newport II | Newport Beach, CA | Self storage | $17.5M | 5.90% | Aug 2034 | n/a | n/a | Current |
| CAVU Irvine | Irvine, CA | Office | $16.5M | 7.30% | Feb 2034 | 1.94x | 94% | Current |
| Club Vantaggio Apartments | Northridge, CA | Multifamily | $16.5M | 6.395% | Dec 2034 | 1.14x | 100% | Current |
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.