Office · Thousand Oaks, California
Conejo Business Center
Conejo Business Center is financed with a $8.9M CMBS loan at 4.50% that reaches maturity on November 6, 2027, in 12 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $8,898,192
- Original balance (same notes)
- $9,500,000
- Interest rate
- 4.50% fixed
- Originated
- October 25, 2017
- Maturity
- November 6, 2027
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ended
- January 5, 2020
- Prepayment premium ends
- July 5, 2027 (yield maintenance)
- Master servicer
- Trimont LLC
- Originator
- Starwood Mortgage Capital LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 101, 123, 145 Hodencamp Road, Thousand Oaks, CA 91360
- Metro
- Oxnard-Thousand Oaks-Ventura, CA
- Rentable area
- 68,172 sq ft
- Built
- 1991, renovated 2016
- Largest tenants
- Kaiser Foundation Health; Chiropractic Performance Center Inc.; Kaiser Foundation Health
- Value at securitization
- $17.8M (Sep 2017)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 1.59x | 1.71x |
| Occupancy | 98% | 86% |
| Net operating income | $921K | $990K |
| 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 Morgan Stanley Capital I Trust 2017-HR2 filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- Occupancy down 10 points 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
- Occupancy has fallen from 98% when the loan was securitized to 86%.
- Net operating income is 8% above the underwritten figure ($990K a year against $921K).
- Debt service coverage moved from 1.59x at securitization to 1.71x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $8.9M | Current | No | 1.71x | 86% |
| August 2026 | $8.9M | Current | No | 1.71x | 86% |
| July 2026 | $8.9M | Current | No | 1.71x | 86% |
| June 2026 | $8.9M | Current | No | 2.20x | 75% |
| May 2026 | $9.0M | Current | No | 2.20x | 75% |
| April 2026 | $9.0M | Current | No | 2.20x | 75% |
| March 2026 | $9.0M | Current | No | 2.20x | 75% |
| February 2026 | $9.0M | Current | No | 2.20x | 75% |
| January 2026 | $9.0M | Current | No | 2.20x | 75% |
| December 2025 | $9.0M | Current | No | 2.20x | 75% |
| November 2025 | $9.0M | Current | No | 2.20x | 75% |
| October 2025 | $9.1M | Current | No | 2.20x | 75% |
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 |
|---|---|---|---|---|
| Morgan Stanley Capital I Trust 2017-HR2 | 29 | $8,898,192 | Sep 2026 | SEC filing, October 2, 2026 |
Other Oxnard-Thousand Oaks-Ventura loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| The Landing, Westlake Village | Westlake Village, CA | Office | $23.9M | 4.841% | Jun 2027 | 1.37x | 95% | Current |
| Residence Inn Westlake | Westlake Village, CA | Hotel | $20.4M | 4.06% | Jun 2027 | 1.22x | 74% | Current |
| Lowes Ground Lease - Oxnard, Ca | Oxnard, CA | Other | $19.0M | 4.33% | Dec 2027 | 1.88x | 100% | Current |
| 696 Hampshire Road | Thousand Oaks, CA | Office | $17.9M | 4.45% | Apr 2027 | 1.13x | 80% | Current |
| Simi Valley Industrial Park | Simi Valley, CA | Industrial | $11.6M | 3.942% | Oct 2027 | 3.18x | 78% | Current |
| Paradise Victoria Village | Ventura, CA | Retail | $6.4M | 4.813% | Apr 2027 | n/a | n/a | Current |
| Esplanade Mini Storage | Oxnard, CA | Self storage | $4.0M | 4.43% | Dec 2027 | 4.13x | 79% | Current |
| Santa Cruz Plaza | Santa Paula, CA | Retail | $3.7M | 4.915% | Feb 2027 | 2.60x | 100% | Current |
All loans maturing in 2027 · 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.