Industrial · Pomona, California
Fds Manufacturing
Fds Manufacturing is financed with a $24.0M CMBS loan at 7.195% that reaches maturity on January 1, 2035, in 8 years and 2 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer and 90+ days delinquent.
The loan
- Balance in tracked trusts
- $24,000,000
- Original balance (same notes)
- $24,000,000
- Interest rate
- 7.195% fixed
- Originated
- December 20, 2024
- Maturity
- January 1, 2035
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ends
- January 31, 2027
- Prepayment premium ends
- September 30, 2034 (yield maintenance)
- Master servicer
- Trimont LLC
- Originator
- SGFC
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred June 1, 2026
- Workout strategy
- TBD
- Defeasance
- Partly defeased
The property
- Address
- 2200 South Reservoir Street, Pomona, CA 91766
- Metro
- Los Angeles-Long Beach-Anaheim, CA
- Rentable area
- 228,775 sq ft
- Built
- 1964
- Largest tenants
- FDS Manufacturing Company & Federated Diversified
- Value at securitization
- $63.0M (Jul 2024)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 1.59x | 1.47x |
| Occupancy | 100% | 100% |
| Net operating income | $3.1M | $2.6M |
| Debt yield | 10.8% |
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 Wells Fargo Commercial Mortgage Trust 2025-C64 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
On the cmbs.news watch list in every report since May 2026.
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 17% below the underwritten figure ($2.6M a year against $3.1M).
- Debt service coverage moved from 1.59x at securitization to 1.47x on the latest statements.
- The most recent valuation in the filing is $56.5M (July 9, 2026), against $63.0M at securitization.
- The filing gives Dec 2034 as the lease end date for the largest tenant (FDS Manufacturing Company & Federated Diversified), 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 | $24.0M | 90+ days delinquent | Yes | 1.47x | 100% |
| August 2026 | $24.0M | 90+ days delinquent | Yes | 1.47x | 100% |
| July 2026 | $24.0M | 90+ days delinquent | Yes | 1.47x | 100% |
| June 2026 | $24.0M | 60-89 days delinquent | Yes | 1.47x | 100% |
| May 2026 | $24.0M | 30-59 days delinquent | No | 1.47x | 100% |
| April 2026 | $24.0M | Late payment but less than 30 days delinquent | No | 1.63x | 100% |
| March 2026 | $24.0M | Late payment but less than 30 days delinquent | No | 1.63x | 100% |
| February 2026 | $24.0M | Current | No | 1.63x | 100% |
| January 2026 | $24.0M | Current | No | 1.63x | 100% |
| December 2025 | $24.0M | Current | No | 1.63x | 100% |
| November 2025 | $24.0M | Current | No | 1.63x | 100% |
| October 2025 | $24.0M | Current | No | 1.41x | 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.
Special-servicing history
- Transferred to the special servicer June 1, 2026, still there.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2025-C64 | 12 | $24,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Los Angeles-Long Beach-Anaheim loans due in 2035
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| One Wilshire, Los Angeles (2035 maturity) | Los Angeles, CA | Office | $193.3M | 2.776% | Jan 2035 | 6.59x | 64% | Current |
| The Shops at Mission Viejo | Mission Viejo, CA | Retail | $155.0M | 6.725% | Jan 2035 | 1.82x | 90% | Current |
| Discovery Business Center | Irvine, CA | Office | $150.0M | 5.987% | Feb 2035 | n/a | n/a | Current |
| Market Place Center | Irvine, CA | Office | $135.0M | 5.552% | Sep 2035 | n/a | n/a | Current |
| 660 Newport Center Drive | Newport Beach, CA | Office | $80.0M | 5.757% | Mar 2035 | 1.91x | 90% | Current |
| The Hollywood Collection | Los Angeles, CA | Retail | $49.7M | 6.68% | Jul 2035 | 1.47x | 68% | Late, less than 30 days |
| Hacienda Center | Hacienda Heights, CA | Retail | $45.0M | 6.60% | Sep 2035 | 1.40x | 95% | Current |
| Foothill Tech Center | Monrovia, CA | Office | $32.0M | 6.336% | Nov 2035 | 1.10x | 85% | Current |
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.