Mixed use · Laguna Beach, California
Laguna Beach
Laguna Beach is financed with a $5.0M CMBS loan at 4.29% that reaches maturity on February 1, 2032, in 5 years and 3 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $5,000,000
- Original balance (same notes)
- $5,000,000
- Interest rate
- 4.29%
- Originated
- n/a
- Maturity
- February 1, 2032
- Payments
- Amortizing
- Master servicer
- KeyBank Real Estate Capital
- Originator
- K
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 570 South Coast Highway, Laguna Beach, CA 92651
- Metro
- Los Angeles-Long Beach-Anaheim, CA
- Rentable area
- 6,850 sq ft
- Built
- 1948, renovated 2016
- Largest tenants
- High Quality Art; Smoke Shop
- Value at securitization
- $7.3M (Dec 2021)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | n/a | 1.40x |
| Occupancy | 100% | 67% |
| Net operating income (annualized from 6 months) | n/a | $305K |
| Debt yield | 6.1% |
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 BMO 2022-C1 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- Occupancy down 10 points or more from securitization
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
- Occupancy has fallen from 100% when the loan was securitized to 67%.
- The filing gives Jan 2032 as the lease end date for the largest tenant (High Quality Art), 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 | $5.0M | Not reported | No | 1.40x | 67% |
| August 2026 | $5.0M | Not reported | No | 1.90x | 67% |
| July 2026 | $5.0M | Not reported | No | 1.90x | 100% |
| June 2026 | $5.0M | Not reported | No | 1.90x | 100% |
| May 2026 | $5.0M | Not reported | No | 1.90x | 100% |
| April 2026 | $5.0M | Not reported | No | 1.90x | 100% |
| March 2026 | $5.0M | Not reported | No | 1.90x | 100% |
| February 2026 | $5.0M | Not reported | No | 1.90x | 100% |
| January 2026 | $5.0M | Not reported | No | 1.90x | 100% |
| December 2025 | $5.0M | Not reported | No | 1.92x | 100% |
| November 2025 | $5.0M | Not reported | No | 1.92x | 100% |
| October 2025 | $5.0M | Not reported | No | 1.92x | 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.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BMO 2022-C1 Mortgage Trust | 55 | $5,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other Los Angeles-Long Beach-Anaheim loans due in 2032
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| One Wilshire, Los Angeles (2032 maturity) | Los Angeles, CA | Office | $196.0M | 2.776% | Jan 2032 | 3.29x | 61% | Current |
| The Reef | Los Angeles, CA | Mixed use | $150.0M | 5.425% | May 2032 | n/a | n/a | Current |
| Uci Research Park Phases 12 & 13 | Irvine, CA | Office | $150.0M | 3.126% | Mar 2032 | 3.54x | 97% | Current |
| 417 & 433 West 164th Street | Gardena, CA | Industrial | $93.5M | 5.00% | Aug 2032 | n/a | n/a | Current |
| Romaine & Orange Square | Los Angeles, CA | Office | $68.0M | 4.44% | Apr 2032 | 1.69x | 91% | Current |
| 935-953 Sycamore | Los Angeles, CA | Mixed use | $60.0M | 5.44% | Aug 2032 | 1.83x | 96% | Current |
| The Garland Hotel | North Hollywood, CA | Hotel | $45.0M | 5.64% | Jul 2032 | 2.62x | 83% | Current |
| Whizin Market Square | Agoura Hills, CA | Retail | $40.3M | 4.76% | Apr 2032 | 1.74x | 98% | 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.