Office · Carpinteria, California
Enclave at Carpinteria
Enclave at Carpinteria is financed with a $28.9M CMBS loan at 3.994% that reaches maturity on September 1, 2027, in 10 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $28,877,000
- Original balance (same notes)
- $28,877,000
- Interest rate
- 3.994% fixed
- Originated
- August 30, 2017
- Maturity
- September 1, 2027
- Payments
- Interest only for the full term
- Prepayment lockout ends
- May 31, 2027
- Master servicer
- Trimont LLC
- Originator
- Bank of America, N.A.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 6303-6309 Carpinteria Avenue, Carpinteria, CA 93013
- Metro
- Santa Maria-Santa Barbara, CA
- Rentable area
- 121,230 sq ft
- Built
- 1962, renovated 2016
- Largest tenants
- Procore Technologies Inc.; Continental Automative f/k/a Siemen
- Value at securitization
- $43.1M (Jul 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.26x | 3.02x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $2.6M | $3.5M |
| 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 Morgan Stanley Bank of America Merrill Lynch Trust 2017-C34 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Matures within 12 months
- 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 34% above the underwritten figure ($3.5M a year against $2.6M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.26x at securitization to 3.02x on the latest statements.
- The filing gives Mar 2027 as the lease end date for the largest tenant (Procore Technologies 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 | $28.9M | Current | No | 3.02x | 100% |
| August 2026 | $28.9M | Current | No | 3.02x | 100% |
| July 2026 | $28.9M | Current | No | 3.08x | 100% |
| June 2026 | $28.9M | Current | No | 3.08x | 100% |
| May 2026 | $28.9M | Current | No | 2.93x | 100% |
| April 2026 | $28.9M | Current | No | 2.93x | 100% |
| March 2026 | $28.9M | Current | No | 2.96x | 100% |
| February 2026 | $28.9M | Current | No | 2.96x | 100% |
| January 2026 | $28.9M | Current | No | 2.96x | 100% |
| December 2025 | $28.9M | Current | No | 2.96x | 100% |
| November 2025 | $28.9M | Current | No | 2.96x | 100% |
| October 2025 | $28.9M | Current | No | 2.97x | 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 |
|---|---|---|---|---|
| Morgan Stanley Bank of America Merrill Lynch Trust 2017-C34 | 13 | $28,877,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Santa Maria-Santa Barbara loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Hollister Business Park | Goleta, CA | Office | $21.5M | 4.774% | Aug 2027 | 2.38x | 100% | Current |
| Santa Barbara Corporate Center | Goleta, CA | Office | $14.8M | 4.46% | May 2027 | 1.62x | 98% | Current |
All loans maturing in 2027 · All Santa Maria-Santa Barbara 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.