Multifamily · Los Banos, California
Canal Garden Flats
Canal Garden Flats is financed with a $7.7M CMBS loan at 4.191% that reaches maturity on December 1, 2031, in 5 years and 1 month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $7,700,000
- Original balance (same notes)
- $7,700,000
- Interest rate
- 4.191% fixed
- Originated
- November 19, 2021
- Maturity
- December 1, 2031
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ended
- December 31, 2024
- Prepayment premium ends
- August 31, 2031 (yield maintenance)
- Master servicer
- Midland Loan Services
- Originator
- Societe Generale Financial Corporation
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 1548 Canal Farm Lane, Los Banos, CA 93635
- Rentable area
- 113,256 sq ft
- Units, rooms or beds
- 56
- Built
- 1965, renovated 2020
- Value at securitization
- $11.0M (Sep 2021)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.35x | n/a |
| Occupancy | 98% | n/a |
| Net operating income | $610K | n/a |
Watch flags
Computed from the BBCMS Mortgage Trust 2022-C14 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 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 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $7.7M | Current | No | n/a | n/a |
| August 2026 | $7.7M | Current | No | n/a | n/a |
| July 2026 | $7.7M | Current | No | n/a | n/a |
| June 2026 | $7.7M | Current | No | n/a | n/a |
| May 2026 | $7.7M | Current | No | n/a | n/a |
| April 2026 | $7.7M | Current | No | 1.88x | 100% |
| March 2026 | $7.7M | Current | No | 1.88x | 100% |
| February 2026 | $7.7M | Current | No | 1.88x | 100% |
| January 2026 | $7.7M | Current | No | 1.88x | 100% |
| December 2025 | $7.7M | Current | No | 1.88x | 100% |
| November 2025 | $7.7M | Current | No | 1.64x | 98% |
| October 2025 | $7.7M | Current | No | 1.64x | 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
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2022-C14 | 36 | $7,700,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other California loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Monte Cristo Adult Community | Livingston, CA | Manufactured housing | $4.5M | 4.38% | Sep 2031 | 2.19x | 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.