Office · Newport Beach, California
660 Newport Center Drive
660 Newport Center Drive is financed with a $80.0M CMBS loan at 5.757% that reaches maturity on March 1, 2035, in 8 years and 4 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $80,000,000
- Original balance (same notes)
- $80,000,000
- Interest rate
- 5.757% fixed
- Originated
- February 7, 2025
- Maturity
- March 1, 2035
- Payments
- Interest only for the full term
- Prepayment lockout ends
- February 28, 2027
- Prepayment premium ends
- October 31, 2034 (yield maintenance)
- Master servicer
- Midland Loan Services
- Originator
- JPMorgan Chase Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 660 Newport Center Drive, Newport Beach, CA 92660
- Metro
- Los Angeles-Long Beach-Anaheim, CA
- Rentable area
- 266,239 sq ft
- Built
- 1974, renovated 1987
- Largest tenants
- Stradling Yocca Carlson and Rauth; The Northern Trust Company; NC Interactive, LLC
- Value at securitization
- $168.0M (Dec 2024)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 2.69x | 1.91x |
| Occupancy | 88% | 90% |
| Net operating income | $12.5M | $8.9M |
| Debt yield | 11.1% |
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 BANK 2025-BNK49 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
- Net operating income is 29% below the underwritten figure ($8.9M a year against $12.5M).
- Debt service coverage moved from 2.69x at securitization to 1.91x on the latest statements.
- The filing gives Feb 2031 as the lease end date for the largest tenant (Stradling Yocca Carlson and Rauth), 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 | $80.0M | Current | No | 1.91x | 90% |
| August 2026 | $80.0M | Current | No | 1.91x | 90% |
| July 2026 | $80.0M | Current | No | 1.91x | 90% |
| June 2026 | $80.0M | Current | No | 1.91x | 90% |
| May 2026 | $80.0M | Current | No | n/a | n/a |
| April 2026 | $80.0M | Current | No | 2.59x | 89% |
| March 2026 | $80.0M | Current | No | 2.29x | 89% |
| February 2026 | $80.0M | Current | No | 2.29x | 89% |
| January 2026 | $80.0M | Current | No | 2.50x | 93% |
| December 2025 | $80.0M | Current | No | 2.50x | 93% |
| November 2025 | $80.0M | Current | No | 1.82x | 100% |
| October 2025 | $80.0M | Current | No | 1.82x | 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 |
|---|---|---|---|---|
| BANK 2025-BNK49 | 3 | $80,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Los Angeles-Long Beach-Anaheim loans due in 2035
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| One Wilshire, Los Angeles (2035 maturity) | Los Angeles, CA | Office | $193.3M | 2.776% | Jan 2035 | 6.59x | 64% | Current |
| The Shops at Mission Viejo | Mission Viejo, CA | Retail | $155.0M | 6.725% | Jan 2035 | 1.82x | 90% | Current |
| Discovery Business Center | Irvine, CA | Office | $150.0M | 5.987% | Feb 2035 | n/a | n/a | Current |
| Market Place Center | Irvine, CA | Office | $135.0M | 5.552% | Sep 2035 | n/a | n/a | Current |
| The Hollywood Collection | Los Angeles, CA | Retail | $49.7M | 6.68% | Jul 2035 | 1.47x | 68% | Late, less than 30 days |
| Hacienda Center | Hacienda Heights, CA | Retail | $45.0M | 6.60% | Sep 2035 | 1.40x | 95% | Current |
| Foothill Tech Center | Monrovia, CA | Office | $32.0M | 6.336% | Nov 2035 | 1.10x | 85% | Current |
| Shops at Mission Viejo | Mission Viejo, CA | Retail | $25.0M | 6.725% | Jan 2035 | 1.87x | 90% | 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.