Multifamily · Northridge, California
Park Parthenia
Public CMBS trusts hold $32.5M of the loan on Park Parthenia at 7.39% that reaches maturity on June 6, 2029, in 2 years and 7 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is delinquent: 30-59 days delinquent.
The loan
- Balance in tracked trusts
- $32,500,000
- Original balance (same notes)
- $32,500,000
- Interest rate
- 7.39% fixed
- Originated
- May 29, 2024
- Maturity
- June 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- March 5, 2029
- Master servicer
- Wells Fargo
- Originator
- BSPRT CMBS Finance, LLC
Status
- Payment status
- 30-59 days delinquent (code 1)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 19100 Parthenia Street, Northridge, CA 91324
- Metro
- Los Angeles-Long Beach-Anaheim, CA
- Units, rooms or beds
- 447
- Built
- 1962
- Value at securitization
- $98.0M (Apr 2024)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 2.19x | n/a |
| Occupancy | 100% | n/a |
| Net operating income | $5.3M | n/a |
Watch flags
Computed from the BMO 2024-5C5 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- 30+ days delinquent or matured unpaid
On the cmbs.news watch list in every report since 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.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $32.5M | 30-59 days delinquent | No | 2.53x | 99% |
| August 2026 | $32.5M | Late payment but less than 30 days delinquent | No | 2.53x | 99% |
| July 2026 | $32.5M | Current | No | 2.53x | 99% |
| June 2026 | $32.5M | Current | No | 2.53x | 99% |
| May 2026 | $32.5M | Current | No | 2.53x | 99% |
| April 2026 | $32.5M | Current | No | 2.44x | 100% |
| March 2026 | $32.5M | Current | No | 2.42x | 99% |
| February 2026 | $32.5M | Current | No | 2.42x | 99% |
| January 2026 | $32.5M | Current | No | 2.42x | 99% |
| December 2025 | $32.5M | Late payment but less than 30 days delinquent | No | 2.42x | 99% |
| November 2025 | $32.5M | Current | No | 2.42x | 99% |
| October 2025 | $32.5M | Current | No | 2.43x | 99% |
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 |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2024-5C1 | 14 | $22,500,000 | Sep 2026 | SEC filing, October 1, 2026 |
| BMO 2024-5C5 Mortgage Trust | 33 | $10,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other Los Angeles-Long Beach-Anaheim loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Century Plaza Towers | Los Angeles, CA | Office | $375.0M | 3.004% | Nov 2029 | n/a | n/a | Current |
| The Tower at Burbank | Burbank, CA | Office | $195.0M | 3.13% | Aug 2029 | 2.13x | 74% | Current |
| Great Wolf Lodge Southern California | Garden Grove, CA | Hotel | $150.0M | 5.253% | Mar 2029 | 1.89x | 77% | Current |
| The Alhambra | Alhambra, CA | Office | $150.0M | 4.22% | May 2029 | 2.33x | 81% | Current |
| 9201 West Sunset Boulevard | West Hollywood, CA | Mixed use | $135.0M | 4.445% | May 2029 | n/a | n/a | Current |
| Ford Factory | Los Angeles, CA | Office | $135.0M | 4.52% | Apr 2029 | 2.41x | 100% | Current |
| Marriott Anaheim | Anaheim, CA | Hotel | $125.0M | 6.373% | Jun 2029 | 1.23x | 73% | Current |
| 888 Figueroa | Los Angeles, CA | Office | $115.0M | 3.725% | Jul 2029 | 1.45x | 75% | Current |
All loans maturing in 2029 · All Los Angeles-Long Beach-Anaheim loans
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.