Multifamily · Tehachapi, California
Indian Creek Villas
Indian Creek Villas is financed with a $2.3M CMBS loan at 4.269% that reaches maturity on November 6, 2026, this month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer.
The loan
- Balance in tracked trusts
- $2,337,218
- Original balance (same notes)
- $2,900,000
- Interest rate
- 4.269% fixed
- Originated
- October 11, 2016
- Maturity
- November 6, 2026
- Payments
- Amortizing over 30 years
- Prepayment lockout ended
- March 5, 2019
- Master servicer
- Trimont LLC
- Originator
- Barclays
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred September 24, 2024
- Workout strategy
- TBD
- Defeasance
- None reported
The property
- Address
- 851 Tucker Road, Tehachapi, CA 93561
- Metro
- Bakersfield-Delano, CA
- Units, rooms or beds
- 72
- Built
- 1987
- Value at securitization
- $4.9M (Apr 2016)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.69x | 3.51x |
| Occupancy | 97% | 96% |
| Net operating income (annualized from 3 months) | $290K | $611K |
| Debt yield | 26.2% |
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 BBCMS Mortgage Trust 2017-C1 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- With the special servicer
- Matures within 12 months
On the cmbs.news watch list in all 12 monthly reports we hold (October 2025 to September 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 111% above the underwritten figure ($611K a year against $290K; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.69x at securitization to 3.51x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $2.3M | Current | Yes | 3.51x | 96% |
| August 2026 | $2.3M | Current | Yes | 3.51x | 96% |
| July 2026 | $2.3M | Current | Yes | 3.97x | 94% |
| June 2026 | $2.4M | Current | Yes | 3.97x | 94% |
| May 2026 | $2.4M | Current | Yes | 3.84x | 99% |
| April 2026 | $2.4M | Late payment but less than 30 days delinquent | Yes | 3.84x | 99% |
| March 2026 | $2.4M | Current | Yes | 3.84x | 99% |
| February 2026 | $2.4M | Current | Yes | 3.84x | 99% |
| January 2026 | $2.4M | Current | Yes | 3.81x | 94% |
| December 2025 | $2.4M | Current | Yes | 3.81x | 94% |
| November 2025 | $2.4M | Current | Yes | 3.81x | 94% |
| October 2025 | $2.4M | Current | Yes | 3.53x | 97% |
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 September 24, 2024, 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 |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2017-C1 | 55 | $2,337,218 | Sep 2026 | SEC filing, September 29, 2026 |
Other Bakersfield-Delano loans due in 2026
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| The Orchard | Bakersfield, CA | Retail | $4.3M | 4.807% | Dec 2026 | 1.81x | 89% | 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.