Office · Redlands, California
Park Plaza, Redlands
Park Plaza is financed with a $9.9M CMBS loan at 3.71% that reaches maturity on January 1, 2031, in 4 years and 2 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $9,880,411
- Original balance (same notes)
- $10,000,000
- Interest rate
- 3.71% fixed
- Originated
- December 18, 2020
- Maturity
- January 1, 2031
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ends
- October 31, 2030
- Originator
- Societe Generale Financial Corporation
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1776, 1782 & 1790 West Park Avenue, Redlands, CA 92373
- Metro
- Riverside-San Bernardino-Ontario, CA
- Rentable area
- 53,325 sq ft
- Built
- 2007, renovated 2018
- Largest tenants
- Loma Linda University Health Care, Inc; Loma Linda University Behavioral Medicine Center, Inc; Loma Linda University Medical Center
- Value at securitization
- $18.3M (Nov 2020)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.78x | 2.65x |
| Occupancy | 100% | 100% |
| Net operating income | $982K | $1.2M |
| Debt yield | 12.1% |
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 BBCMS Mortgage Trust 2021-C9 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Largest tenant's lease ends within 12 months
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 21% above the underwritten figure ($1.2M a year against $982K).
- Debt service coverage moved from 1.78x at securitization to 2.65x on the latest statements.
- The filing gives Oct 2026 as the lease end date for the largest tenant (Loma Linda University Health Care, Inc), 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 | $9.9M | Current | No | 2.65x | 100% |
| August 2026 | $9.9M | Current | No | 2.65x | 100% |
| July 2026 | $9.9M | Current | No | n/a | n/a |
| June 2026 | $9.9M | Current | No | n/a | n/a |
| May 2026 | $9.9M | Current | No | n/a | n/a |
| April 2026 | $10.0M | Current | No | 3.31x | 100% |
| March 2026 | $10.0M | Current | No | 3.31x | 100% |
| February 2026 | $10.0M | Current | No | 3.31x | 100% |
| January 2026 | $10.0M | Current | No | 3.44x | 100% |
| December 2025 | $10.0M | Current | No | 3.44x | 100% |
| November 2025 | $10.0M | Current | No | 3.44x | 100% |
| October 2025 | $10.0M | Current | No | 3.48x | 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 |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2021-C9 | 28 | $9,880,411 | Sep 2026 | SEC filing, September 29, 2026 |
Other Riverside-San Bernardino-Ontario loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Bridge Point Rancho Cucamonga | Rancho Cucamonga, CA | Industrial | $145.0M | 5.833% | Jul 2031 | 1.59x | 100% | Current |
| Kirby Industrial | Hemet, CA | Industrial | $102.0M | 6.75% | Feb 2031 | n/a | n/a | Current |
| The Beverly | San Bernardino, CA | Multifamily | $59.4M | 5.87% | Jun 2031 | n/a | n/a | Current |
| Ridgeline Apartments | San Bernardino, CA | Multifamily | $46.0M | 5.73% | Jul 2031 | n/a | n/a | Current |
| Las Casitas Apartments | Hesperia, CA | Multifamily | $23.0M | 3.312% | Mar 2031 | 2.96x | 94% | Current |
| Yucaipa Valley Commercial Center | Yucaipa, CA | Retail | $23.0M | 2.73% | Oct 2031 | 5.34x | 99% | Current |
| Murrieta Spectrum | Murrieta, CA | Mixed use | $20.8M | 3.73% | Sep 2031 | 1.96x | 93% | Current |
| Mission Village Shopping Center | Riverside, CA | Retail | $18.5M | 3.05% | Dec 2031 | 5.14x | 100% | Current |
All loans maturing in 2031 · All Riverside-San Bernardino-Ontario 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.