Retail · Salinas, California
Harden Ranch Plaza
Harden Ranch Plaza is financed with a $83.3M CMBS loan at 6.11% that reaches maturity on March 11, 2030, in 3 years and 4 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $83,300,000
- Original balance (same notes)
- $83,300,000
- Interest rate
- 6.11% fixed
- Originated
- March 3, 2025
- Maturity
- March 11, 2030
- Payments
- Interest only for the full term
- Prepayment lockout ends
- September 10, 2029
- Master servicer
- Trimont LLC
- Originator
- WFB
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1488-1826 North Main Street, Salinas, CA 93906
- Metro
- Salinas, CA
- Rentable area
- 445,399 sq ft
- Built
- 1991
- Largest tenants
- Ashley Furniture; Safeway; In-Shape Health Clubs Inc.
- Value at securitization
- $129.9M (Dec 2024)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.71x | 1.74x |
| Occupancy | 97% | 98% |
| Net operating income (annualized from 6 months) | $8.8M | $9.0M |
| 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 BANK5 2025-5YR14 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
- The filing gives May 2028 as the lease end date for the largest tenant (Ashley Furniture), 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 | $83.3M | Current | No | 1.74x | 98% |
| August 2026 | $83.3M | Current | No | 1.82x | 97% |
| July 2026 | $83.3M | Current | No | 1.82x | 97% |
| June 2026 | $83.3M | Current | No | 1.82x | 97% |
| May 2026 | $83.3M | Current | No | 1.65x | 98% |
| April 2026 | $83.3M | Current | No | 1.79x | 95% |
| March 2026 | $83.3M | Current | No | 1.79x | 95% |
| February 2026 | $83.3M | Current | No | 1.79x | 95% |
| January 2026 | $83.3M | Current | No | 1.79x | 95% |
| December 2025 | $83.3M | Current | No | 1.79x | 95% |
| November 2025 | $83.3M | Current | No | n/a | n/a |
| October 2025 | $83.3M | 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 2025-5YR14 | 2 | $83,300,000 | Sep 2026 | SEC filing, September 29, 2026 |
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.