Retail · Valencia, California
Old Orchard, Valencia
Old Orchard is financed with a $13.9M CMBS loan at 6.965% that reaches maturity on December 6, 2034, in 8 years and 1 month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $13,900,000
- Original balance (same notes)
- $13,900,000
- Interest rate
- 6.965% fixed
- Originated
- November 27, 2024
- Maturity
- December 6, 2034
- Payments
- Interest only for the full term
- Prepayment lockout ends
- February 5, 2027
- Prepayment premium ends
- June 5, 2034 (yield maintenance)
- Master servicer
- Midland Loan Services
- Originator
- Bank of Montreal
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 23323, 23329, 23335 Lyons Avenue 23345, 23365, and 23449 Lyons Avenue, Valencia, CA 91355
- Metro
- Los Angeles-Long Beach-Anaheim, CA
- Rentable area
- 101,066 sq ft
- Built
- 1966, renovated 2011
- Largest tenants
- Vallarta Food Enterprises, Inc Store # 19; North Valley Health Corp; Healthcare Investments
- Value at securitization
- $24.0M (Jul 2024)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.47x | 1.27x |
| Occupancy | 80% | 80% |
| Net operating income (annualized from 6 months) | $1.4M | $2.5M |
| Debt yield | 18.2% |
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 BMO 2025-C11 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 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
- Net operating income is 75% above the underwritten figure ($2.5M a year against $1.4M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.47x at securitization to 1.27x on the latest statements.
- The filing gives Jan 2032 as the lease end date for the largest tenant (Vallarta Food Enterprises, Inc Store # 19), 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 | $13.9M | Current | No | 1.27x | 80% |
| August 2026 | $13.9M | Current | No | n/a | n/a |
| July 2026 | $13.9M | Current | No | n/a | n/a |
| June 2026 | $13.9M | Current | No | n/a | n/a |
| May 2026 | $13.9M | Current | No | n/a | n/a |
| April 2026 | $13.9M | Current | No | 1.24x | 98% |
| March 2026 | $13.9M | Current | No | 1.24x | 100% |
| February 2026 | $13.9M | Current | No | 1.24x | 100% |
| January 2026 | $13.9M | Current | No | 1.24x | 100% |
| December 2025 | $13.9M | Current | No | 1.24x | 100% |
| November 2025 | $13.9M | Current | No | n/a | n/a |
| October 2025 | $13.9M | 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 |
|---|---|---|---|---|
| BMO 2025-C11 Mortgage Trust | 22 | $13,900,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other Los Angeles-Long Beach-Anaheim loans due in 2034
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Westwood Gateway II | Los Angeles, CA | Office | $150.0M | 5.56% | Apr 2034 | 2.92x | 93% | Current |
| 20 & 40 Pacifica | Irvine, CA | Office | $115.0M | 5.626% | Jul 2034 | 2.98x | 90% | Current |
| 610 Newport Center | Newport Beach, CA | Office | $85.0M | 5.666% | Jul 2034 | 2.39x | 99% | Current |
| Hilton Garden Inn - Calabasas, CA | Calabasas, CA | Hotel | $34.0M | 7.406% | Oct 2034 | n/a | n/a | Current |
| Anaheim Desert Palm Hotel & Suites | Anaheim, CA | Hotel | $30.0M | 6.727% | May 2034 | 3.47x | 82% | Current |
| Mini U Storage - Newport | Newport Beach, CA | Self storage | $20.0M | 5.90% | Aug 2034 | n/a | n/a | Current |
| Mini U Storage - Newport II | Newport Beach, CA | Self storage | $17.5M | 5.90% | Aug 2034 | n/a | n/a | Current |
| CAVU Irvine | Irvine, CA | Office | $16.5M | 7.30% | Feb 2034 | 1.94x | 94% | 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.