Retail · Lake Forest, California
Orchard at Saddleback
Public CMBS trusts hold $88.5M of the loan on Orchard at Saddleback at 6.813% that reaches maturity on August 6, 2036, in 9 years and 9 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $88,500,000
- Original balance (same notes)
- $88,500,000
- Interest rate
- 6.813% fixed
- Originated
- July 31, 2026
- Maturity
- August 6, 2036
- Payments
- Amortizing
- Master servicer
- KeyBank Real Estate Capital
- Originator
- Natixis
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 23716 23730 23632 23740 and 23760 El Toro Road, Lake Forest, CA 92630
- Metro
- Los Angeles-Long Beach-Anaheim, CA
- Rentable area
- 280,601 sq ft
- Built
- 2004
- Value at securitization
- $143.8M (May 2026)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | 98% | n/a |
| Net operating income | n/a | n/a |
Watch flags
Computed from the Morgan Stanley Bank of America Merrill Lynch Trust 2026-C36 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.
The last 2 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $88.5M | Current | No | n/a | n/a |
| August 2026 | $88.5M | Current | No | 1.34x | 98% |
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
The loan is split into 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BMO 2026-C15 Mortgage Trust | 2 | $55,312,500 | Sep 2026 | SEC filing, October 2, 2026 |
| Morgan Stanley Bank of America Merrill Lynch Trust 2026-C36 | 6 | $33,187,500 | Sep 2026 | SEC filing, September 29, 2026 |
Other Los Angeles-Long Beach-Anaheim loans due in 2036
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| U-Haul Moving & Storage of East Lancaster | Lancaster, CA | Self storage | $44.9M | 6.046% | Aug 2036 | n/a | n/a | Current |
| Orange Center Tower | CA | Office | $40.6M | 6.659% | Jul 2036 | n/a | n/a | Current |
| St Vincent Jewelry Center | Los Angeles, CA | Mixed use | $32.0M | 5.958% | Jul 2036 | n/a | n/a | Current |
| Socal Self Storage Hollywood | Los Angeles, CA | Self storage | $23.7M | 5.48% | Apr 2036 | n/a | n/a | Current |
| Socal Self Storage Pasadena | Pasadena, CA | Self storage | $12.0M | 5.29% | May 2036 | n/a | n/a | Current |
| Socal Self Storage Northridge | Los Angeles, CA | Self storage | $11.7M | 5.45% | May 2036 | n/a | n/a | Current |
| Socal Self Storage Rancho Santa Margarita | Rancho Santa Margarita, CA | Self storage | $10.0M | 5.37% | May 2036 | n/a | n/a | Current |
| Security Public Storage-Glendora | Glendora,, CA | Self storage | $8.7M | 5.921% | Jan 2036 | n/a | n/a | 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.