Office · Manhattan Beach, California
Fisker Corporate Headquarters
Fisker Corporate Headquarters is financed with a $30.0M CMBS loan at 3.144% that reaches maturity on May 6, 2031, in 4 years and 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
- $30,000,000
- Original balance (same notes)
- $30,000,000
- Interest rate
- 3.144% fixed
- Originated
- April 22, 2021
- Maturity
- May 6, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ended
- July 5, 2023
- Prepayment premium ends
- January 5, 2031 (yield maintenance)
- Master servicer
- Midland Loan Services
- Originator
- Goldman Sachs Bank USA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 1888 Rosecrans Avenue, Manhattan Beach, CA 90266
- Metro
- Los Angeles-Long Beach-Anaheim, CA
- Rentable area
- 78,540 sq ft
- Built
- 1986, renovated 2015
- Value at securitization
- $51.1M (Apr 2021)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 3.22x | -0.88x |
| Occupancy | 100% | n/a |
| Net operating income (annualized from 6 months) | $3.1M | $-1.7M |
| Debt yield | -5.7% |
Debt yield here is the latest NOI divided by the balance held in the trusts below. If part of the loan sits outside them, the true figure is lower.
Watch flags
Computed from the BENCHMARK 2021-B27 MORTGAGE TRUST filing for the reporting period ending September 11, 2026, filed with the SEC September 30, 2026.
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- NOI down 20% or more from securitization
On the cmbs.news watch list in every report since June 2026.
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
What the filing shows
- Net operating income is 155% below the underwritten figure ($-1.7M a year against $3.1M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 3.22x at securitization to -0.88x on the latest statements.
- At -0.88x, the property's reported NOI does not cover its debt service.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $30.0M | Current | No | -0.88x | n/a |
| August 2026 | $30.0M | Current | No | -0.93x | n/a |
| July 2026 | $30.0M | Current | No | -0.93x | n/a |
| June 2026 | $30.0M | Current | No | -0.93x | n/a |
| May 2026 | $30.0M | Current | No | n/a | n/a |
| April 2026 | $30.0M | Current | No | -0.89x | n/a |
| March 2026 | $30.0M | Current | No | -0.89x | n/a |
| February 2026 | $30.0M | Current | No | -0.90x | n/a |
| January 2026 | $30.0M | Current | No | -0.90x | n/a |
| December 2025 | $30.0M | Current | No | -0.88x | 100% |
| November 2025 | $30.0M | Current | No | -0.88x | n/a |
| October 2025 | $30.0M | Current | No | -0.88x | 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 |
|---|---|---|---|---|
| BENCHMARK 2021-B27 MORTGAGE TRUST | 14 | $30,000,000 | Sep 2026 | SEC filing, September 30, 2026 |
Other Los Angeles-Long Beach-Anaheim loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 1888 Century Park East | Los Angeles, CA | Office | $200.0M | 2.641% | Dec 2031 | 3.24x | 70% | Current |
| Hilton Waterfront Beach Resort | Huntington Beach, CA | Hotel | $127.0M | 6.107% | Mar 2031 | n/a | n/a | Current |
| Glendale Fashion Center | Glendale, CA | Retail | $100.0M | 6.518% | Jul 2031 | n/a | n/a | Current |
| Freeway Business Park | Long Beach, CA | Office | $95.0M | 6.024% | Mar 2031 | n/a | n/a | Current |
| La Habra Marketplace | La Habra, CA | Retail | $95.0M | 3.70% | Dec 2031 | 2.67x | 99% | Current |
| Plaza La Cienega | Los Angeles, CA | Mixed use | $90.0M | 3.49% | Oct 2031 | n/a | n/a | Current |
| Chateau Marmont | Los Angeles, CA | Hotel | $65.0M | 6.51% | Apr 2031 | n/a | n/a | Current |
| Del Rey Campus | Los Angeles, CA | Office | $65.0M | 6.95% | Mar 2031 | n/a | n/a | Current |
All loans maturing in 2031 · 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.