Office · Ventura, California
Center Promenade
Center Promenade is financed with a $22.2M CMBS loan at 4.425% that reaches maturity on January 6, 2028, in 14 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $22,200,000
- Original balance (same notes)
- $22,200,000
- Interest rate
- 4.425% fixed
- Originated
- December 22, 2017
- Maturity
- January 6, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ends
- July 5, 2027
- Master servicer
- Trimont LLC
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 6401, 6477, 6555 & 6633 Telephone Road, 1000 & 1050-1070 South Hill Road and 1001 Partridge Drive, Ventura, CA 93003
- Metro
- Oxnard-Thousand Oaks-Ventura, CA
- Rentable area
- 186,722 sq ft
- Built
- 1983
- Largest tenants
- County of Ventura; Kaiser Foundation Health; Social Security Admin
- Value at securitization
- $36.0M (Oct 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.73x | 2.90x |
| Occupancy | 87% | 87% |
| Net operating income (annualized from 6 months) | $2.7M | $2.9M |
| Debt yield | 13.1% |
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 Benchmark 2018-B1 Mortgage Trust 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
- Net operating income is 7% above the underwritten figure ($2.9M a year against $2.7M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.73x at securitization to 2.90x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $22.2M | Current | No | 2.90x | 87% |
| August 2026 | $22.2M | Current | No | 2.61x | 87% |
| July 2026 | $22.2M | Current | No | 2.61x | 87% |
| June 2026 | $22.2M | Current | No | 2.61x | 87% |
| May 2026 | $22.2M | Current | No | 2.93x | 86% |
| April 2026 | $22.2M | Current | No | 2.93x | 86% |
| March 2026 | $22.2M | Current | No | 3.07x | 83% |
| February 2026 | $22.2M | Current | No | 3.07x | 83% |
| January 2026 | $22.2M | Current | No | 3.07x | 83% |
| December 2025 | $22.2M | Current | No | 3.07x | 83% |
| November 2025 | $22.2M | Current | No | 3.46x | 85% |
| October 2025 | $22.2M | Current | No | 3.46x | 85% |
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 |
|---|---|---|---|---|
| Benchmark 2018-B1 Mortgage Trust | 20 | $22,200,000 | Sep 2026 | SEC filing, October 1, 2026 |
Other Oxnard-Thousand Oaks-Ventura loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Westlake Office Court | Westlake Village, CA | Office | $7.8M | 3.42% | Sep 2028 | n/a | n/a | Current |
| Condor Self Storage of Ojai | Ojai, CA | Self storage | $6.0M | 5.04% | Nov 2028 | 2.32x | 100% | Current |
All loans maturing in 2028 · All Oxnard-Thousand Oaks-Ventura 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.