Office · Ontario, California
Empire Towers V
Empire Towers V is financed with a $18.5M CMBS loan at 5.03% that reaches maturity on July 11, 2028, in 20 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $18,499,150
- Original balance (same notes)
- $19,400,000
- Interest rate
- 5.03% fixed
- Originated
- June 29, 2018
- Maturity
- July 11, 2028
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ended
- September 10, 2020
- Master servicer
- Trimont LLC
- Originator
- Wells Fargo Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 3990 and 3998 Concours Street, Ontario, CA 91764
- Metro
- Riverside-San Bernardino-Ontario, CA
- Rentable area
- 124,614 sq ft
- Built
- 2007
- Largest tenants
- United Healthcare Service Inc.; MGR 3990 FLEX Space LLC; MICHAEL MARTINEZ AND MSM PORTFOLIO MANAGEMENT INC
- Value at securitization
- $30.5M (May 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.46x | 1.80x |
| Occupancy | 100% | 99% |
| Net operating income (annualized from 6 months) | $1.8M | $2.3M |
| Debt yield | 12.3% |
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 BANK 2018-BNK13 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Largest tenant's lease ends 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
- Net operating income is 24% above the underwritten figure ($2.3M a year against $1.8M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.46x at securitization to 1.80x on the latest statements.
- The filing gives Oct 2026 as the lease end date for the largest tenant (United Healthcare Service Inc.), 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 | $18.5M | Current | No | 1.80x | 99% |
| August 2026 | $18.5M | Current | No | 1.80x | 99% |
| July 2026 | $18.5M | Current | No | 1.80x | 99% |
| June 2026 | $18.6M | Current | No | 1.19x | 99% |
| May 2026 | $18.6M | Current | No | 1.19x | 99% |
| April 2026 | $18.6M | Current | No | 1.69x | 97% |
| March 2026 | $18.6M | Current | No | 1.69x | 97% |
| February 2026 | $18.7M | Current | No | 1.69x | 97% |
| January 2026 | $18.7M | Current | No | 1.75x | 97% |
| December 2025 | $18.7M | Current | No | 1.75x | 97% |
| November 2025 | $18.8M | Current | No | 1.75x | 97% |
| October 2025 | $18.8M | Current | No | 1.57x | 100% |
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 |
|---|---|---|---|---|
| BANK 2018-BNK13 | 16 | $18,499,150 | Sep 2026 | SEC filing, September 29, 2026 |
Other Riverside-San Bernardino-Ontario loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Shoppes at Chino Hills | Chino Hills, CA | Retail | $110.0M | 5.175% | Jun 2028 | 1.63x | 82% | Current |
| California High Tech Logistics | Riverside, CA | Industrial | $70.0M | 8.122% | Apr 2028 | 1.35x | 100% | Current |
| The Westin Rancho Mirage | Rancho Mirage, CA | Hotel | $50.0M | 8.23% | Nov 2028 | 0.78x | 53% | Current |
| Embassy Suites Ontario Airport | Ontario, CA | Hotel | $39.6M | 4.755% | Sep 2028 | n/a | n/a | Current |
| Mission Grove Plaza | Riverside, CA | Retail | $37.0M | 6.866% | Jun 2028 | 2.03x | 68% | Current |
| Ontario Airport Tower | Ontario, CA | Office | $23.6M | 6.081% | Jan 2028 | n/a | n/a | Current |
| Lakeside Tower | San Bernardino, CA | Office | $18.9M | 4.775% | Oct 2028 | n/a | n/a | Current |
| Piemonte at Ontario Center | Ontario, CA | Retail | $16.5M | 4.602% | Aug 2028 | 2.46x | 80% | Current |
All loans maturing in 2028 · 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 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.