Mixed use · South Pasadena, California
Fair Hope Building
Fair Hope Building is financed with a $3.6M CMBS loan at 6.896% that reaches maturity on August 1, 2030, in 3 years and 9 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $3,600,000
- Original balance (same notes)
- $3,600,000
- Interest rate
- 6.896% fixed
- Originated
- July 18, 2025
- Maturity
- August 1, 2030
- Payments
- Interest only for the full term
- Prepayment lockout ends
- August 31, 2027
- Prepayment premium ends
- January 31, 2030 (yield maintenance)
- Master servicer
- Trimont LLC
- Originator
- Bank of America, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1605 Hope Street and 800 Fair Oaks Avenue, South Pasadena, CA 91030
- Metro
- Los Angeles-Long Beach-Anaheim, CA
- Rentable area
- 24,723 sq ft
- Built
- 1911
- Largest tenants
- Soultenders Inc.; Sang Moon Lee & Won Hee Lee; We are Changemakers Inc.
- Value at securitization
- $8.7M (Jun 2025)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.53x | 2.74x |
| Occupancy | 87% | 100% |
| Net operating income (annualized from 6 months) | $638K | $694K |
| Debt yield | 19.3% |
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 BANK5 2025-5YR16 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 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
- Occupancy has risen from 87% when the loan was securitized to 100%.
- Net operating income is 9% above the underwritten figure ($694K a year against $638K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.53x at securitization to 2.74x on the latest statements.
- The filing gives Jan 2028 as the lease end date for the largest tenant (Soultenders Inc.), before the loan matures. Lenders look hard at that rollover.
The last 11 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $3.6M | Current | No | 2.74x | 100% |
| July 2026 | $3.6M | Current | No | 2.56x | 100% |
| June 2026 | $3.6M | Current | No | 2.56x | 100% |
| May 2026 | $3.6M | Current | No | n/a | n/a |
| April 2026 | $3.6M | Current | No | n/a | n/a |
| March 2026 | $3.6M | Current | No | n/a | n/a |
| February 2026 | $3.6M | Current | No | n/a | n/a |
| January 2026 | $3.6M | Current | No | n/a | n/a |
| December 2025 | $3.6M | Current | No | n/a | n/a |
| November 2025 | $3.6M | Current | No | n/a | n/a |
| October 2025 | $3.6M | 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 |
|---|---|---|---|---|
| BANK5 2025-5YR16 | 37 | $3,600,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Los Angeles-Long Beach-Anaheim loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Amazon LAX | Los Angeles, CA | Industrial | $116.3M | 5.509% | Dec 2030 | 1.73x | 100% | Current |
| Amazon West LA | Los Angeles, CA | Retail | $75.0M | 2.77% | Nov 2030 | 4.55x | 100% | Current |
| City National Plaza | Los Angeles, CA | Office | $70.0M | 2.44% | Apr 2030 | 4.53x | 81% | Current |
| Koreatown Plaza | Los Angeles, CA | Retail | $70.0M | 6.03% | Dec 2030 | n/a | n/a | Current |
| 29903 Agoura Property | Agoura, CA | Office | $67.2M | 4.193% | Feb 2030 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Equinox Sports Club La | Los Angeles, CA | Retail | $66.4M | 6.717% | Jul 2030 | 1.46x | 100% | Current |
| Century Business Center | Hawthorne, CA | Industrial | $63.2M | 6.635% | Jun 2030 | n/a | n/a | Current |
| Figueroa Tower | Los Angeles, CA | Office | $53.6M | 7.519% | Jan 2030 | n/a | n/a | Current |
All loans maturing in 2030 · All Los Angeles-Long Beach-Anaheim 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.