Retail · Palm Desert, California
El Paseo Square
El Paseo Square is financed with a $22.6M CMBS loan at 4.37% that reaches maturity on May 6, 2027, in 6 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $22,574,347
- Original balance (same notes)
- $27,500,000
- Interest rate
- 4.37% fixed
- Originated
- May 1, 2017
- Maturity
- May 6, 2027
- Payments
- Amortizing over 30 years
- Prepayment lockout ended
- July 5, 2019
- Master servicer
- Midland Loan Services
- Originator
- DBNY
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 73-400 - 73-470 El Paseo and 73-393 - 73-411 and 73-495 Highway 111, Palm Desert, CA 92260
- Metro
- Riverside-San Bernardino-Ontario, CA
- Rentable area
- 74,840 sq ft
- Built
- 1973, renovated 2016
- Largest tenants
- DCK Inc - CODA Gallery; Veterinary Emergency Group, LLC; Luna Grill
- Value at securitization
- $43.0M (Mar 2017)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.44x | 1.65x |
| Occupancy | 89% | 70% |
| Net operating income (annualized from 3 months) | $2.4M | $2.8M |
| Debt yield | 12.2% |
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 DBJPM 2017-C6 Mortgage Trust filing for the reporting period ending September 8, 2026, filed with the SEC September 25, 2026.
- Occupancy down 10 points or more from securitization
- Matures within 12 months
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 89% when the loan was securitized to 70%.
- Net operating income is 16% above the underwritten figure ($2.8M a year against $2.4M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.44x at securitization to 1.65x on the latest statements.
- The filing gives Oct 2026 as the lease end date for the largest tenant (DCK Inc - CODA Gallery), 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 | $22.6M | Current | No | 1.65x | 70% |
| August 2026 | $22.6M | Current | No | 1.65x | 100% |
| July 2026 | $22.7M | Current | No | 1.65x | 100% |
| June 2026 | $22.7M | Current | No | n/a | n/a |
| May 2026 | $22.8M | Current | No | n/a | n/a |
| April 2026 | $22.8M | Current | No | 1.67x | 100% |
| March 2026 | $22.9M | Current | No | 1.67x | 100% |
| February 2026 | $22.9M | Current | No | 1.67x | 100% |
| January 2026 | $23.0M | Current | No | 1.67x | 100% |
| December 2025 | $23.0M | Current | No | n/a | n/a |
| November 2025 | $23.1M | Current | No | n/a | n/a |
| October 2025 | $23.2M | Current | No | n/a | n/a |
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 |
|---|---|---|---|---|
| DBJPM 2017-C6 Mortgage Trust | 15 | $22,574,347 | Sep 2026 | SEC filing, September 25, 2026 |
Other Riverside-San Bernardino-Ontario loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| JW Marriott Desert Springs | Palm Desert, CA | Healthcare | $128.0M | 4.995% | Jan 2027 | 6.52x | 61% | Current |
| Loma Linda | Loma Linda, CA | Office | $127.5M | 3.59% | Jul 2027 | 2.81x | 100% | Current |
| Ritz Carlton Rancho Mirage | Rancho Mirage, CA | Hotel | $58.9M | 5.095% | Feb 2027 | 9.02x | 73% | Current |
| Murrieta Plaza | Murrieta, CA | Retail | $30.9M | 4.577% | Nov 2027 | 0.88x | 57% | Current |
| DoubleTree Ontario | Ontario, CA | Hotel | $30.0M | 5.369% | May 2027 | 6.35x | 86% | Current |
| One Lakeshore Center | Ontario, CA | Office | $22.5M | 4.57% | Dec 2027 | 2.11x | 91% | Current |
| Empire Tower I | Ontario, CA | Office | $21.0M | 4.99% | Feb 2027 | 2.50x | 96% | Current |
| Village at San Jacinto | San Jacinto, CA | Retail | $19.4M | 4.50% | Jul 2027 | 1.66x | 98% | Current |
All loans maturing in 2027 · All Riverside-San Bernardino-Ontario loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 8, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.