Office · Santa Monica, California
Broadway Place
Broadway Place is financed with a $43.0M CMBS loan at 6.479% that reaches maturity on June 11, 2031, in 4 years and 7 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $43,000,000
- Original balance (same notes)
- $43,000,000
- Interest rate
- 6.479% fixed
- Originated
- June 1, 2026
- Maturity
- June 11, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ended
- October 10, 2026
- Prepayment premium ends
- December 10, 2030 (yield maintenance)
- Master servicer
- Trimont
- Originator
- WFB
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 2032-2050, 2110-2058 Broadway, Santa Monica, CA 90404
- Metro
- Los Angeles-Long Beach-Anaheim, CA
- Rentable area
- 83,169 sq ft
- Built
- 1946, renovated 2024
- Largest tenants
- UMG Recordings, Inc.; Route App Inc. (Club Kuma); TigerConnect (KMT)
- Value at securitization
- $69.8M (Apr 2026)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.96x | n/a |
| Occupancy | 90% | n/a |
| Net operating income | $5.5M | n/a |
Watch flags
Computed from the BANK5 2026-5YR23 filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 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.
What the filing shows
- The filing gives Oct 2028 as the lease end date for the largest tenant (UMG Recordings, Inc.), before the loan matures. Lenders look hard at that rollover.
The last 3 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $43.0M | Current | No | n/a | n/a |
| August 2026 | $43.0M | Current | No | n/a | n/a |
| July 2026 | $43.0M | Current | No | 1.77x | 90% |
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 |
|---|---|---|---|---|
| BANK5 2026-5YR23 | 12 | $43,000,000 | Sep 2026 | SEC filing, October 1, 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.