Office · Irvine, California
CAVU Irvine
CAVU Irvine is financed with a $16.5M CMBS loan at 7.30% that reaches maturity on February 6, 2034, in 7 years and 3 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $16,500,000
- Original balance (same notes)
- $16,500,000
- Interest rate
- 7.30% fixed
- Originated
- January 12, 2024
- Maturity
- February 6, 2034
- Payments
- Interest only for 60 months, then amortizing
- Master servicer
- KeyBank Real Estate Capital
- Originator
- Barclays
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 18872 18912 and 18952 MacArthur Boulevard, Irvine, CA 92612
- Metro
- Los Angeles-Long Beach-Anaheim, CA
- Rentable area
- 97,628 sq ft
- Built
- 1975, renovated 2022
- Largest tenants
- Colab Space LLC; Twinsteps Architecture; The Legacy Lawyers
- Value at securitization
- $32.1M (Oct 2023)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | n/a | 1.94x |
| Occupancy | 100% | 94% |
| Net operating income | n/a | $2.4M |
| Debt yield | 14.3% |
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 BBCMS Mortgage Trust 2024-C24 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.
What the filing shows
- Occupancy has fallen from 100% when the loan was securitized to 94%.
- The filing gives Aug 2029 as the lease end date for the largest tenant (Colab Space LLC), 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 | $16.5M | Not reported | No | 1.94x | 94% |
| August 2026 | $16.5M | Not reported | No | 1.94x | 94% |
| July 2026 | $16.5M | Not reported | No | 1.94x | 94% |
| June 2026 | $16.5M | Not reported | No | 1.94x | 94% |
| May 2026 | $16.5M | Not reported | No | 1.85x | 98% |
| April 2026 | $16.5M | Not reported | No | 1.85x | 98% |
| March 2026 | $16.5M | Not reported | No | 1.85x | 98% |
| February 2026 | $16.5M | Not reported | No | 1.88x | 98% |
| January 2026 | $16.5M | Not reported | No | 1.88x | 98% |
| December 2025 | $16.5M | Not reported | No | 1.88x | 98% |
| November 2025 | $16.5M | Not reported | No | 1.91x | 93% |
| October 2025 | $16.5M | Not reported | No | 1.91x | 93% |
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 2024-C24 | 13 | $16,500,000 | 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 |
| 610 Newport Center | Newport Beach, CA | Office | $85.0M | 5.666% | Jul 2034 | 2.39x | 99% | 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 |
| 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.