Retail · El Cajon, California
Hacienda Square
Hacienda Square is financed with a $5.9M CMBS loan at 7.13% that reaches maturity on January 6, 2035, in 8 years and 2 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $5,887,430
- Original balance (same notes)
- $5,887,430
- Interest rate
- 7.13% fixed
- Originated
- December 27, 2024
- Maturity
- January 6, 2035
- Payments
- Interest only for the full term
- Prepayment lockout ends
- July 5, 2034
- Master servicer
- Midland
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 700 North Johnson Avenue, El Cajon, CA 92020
- Metro
- San Diego-Chula Vista-Carlsbad, CA
- Rentable area
- 30,115 sq ft
- Built
- 1979
- Largest tenants
- Hacienda Casa Bianca; PT Community Research Foundation; Boot World
- Value at securitization
- $9.7M (Nov 2024)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.68x | n/a |
| Occupancy | 100% | n/a |
| Net operating income | $715K | n/a |
Watch flags
Computed from the BBCMS Mortgage Trust 2025-C32 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
- The filing gives Apr 2027 as the lease end date for the largest tenant (Hacienda Casa Bianca), 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 | $5.9M | Current | No | n/a | n/a |
| August 2026 | $5.9M | Current | No | n/a | n/a |
| July 2026 | $5.9M | Current | No | n/a | n/a |
| June 2026 | $5.9M | Current | No | n/a | n/a |
| May 2026 | $5.9M | Current | No | n/a | n/a |
| April 2026 | $5.9M | Current | No | 1.72x | 100% |
| March 2026 | $5.9M | Current | No | 1.70x | 100% |
| February 2026 | $5.9M | Current | No | 1.70x | 100% |
| January 2026 | $5.9M | Current | No | 1.70x | 100% |
| December 2025 | $5.9M | Current | No | 1.58x | 100% |
| November 2025 | $5.9M | Current | No | 1.58x | 100% |
| October 2025 | $5.9M | 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 |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2025-C32 | 41 | $5,887,430 | Sep 2026 | SEC filing, September 29, 2026 |
Other San Diego-Chula Vista-Carlsbad loans due in 2035
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Homewood Suites Carlsbad | Carlsbad, CA | Hotel | $21.5M | 7.248% | Jan 2035 | 2.51x | 80% | Current |
| Escondido Hhsa Building | Escondido, CA | Mixed use | $20.7M | 7.063% | Feb 2035 | 1.58x | 100% | Current |
| Pavilion Center | Vista, CA | Retail | $19.5M | 6.19% | Dec 2035 | n/a | n/a | Current |
| 1301 Rocky Point Drive | Oceanside, CA | Industrial | $14.0M | 6.40% | Mar 2035 | 2.01x | 100% | Current |
| Plaza De Santa Fe | Rancho Santa Fe, CA | Office | $11.2M | 6.475% | Apr 2035 | 2.07x | 100% | 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.