Industrial · Rialto, California
Rialto Industrial
Public CMBS trusts hold $181.0M of the loan on Rialto Industrial at 7.61% that reaches maturity on December 6, 2032, in 6 years and 1 month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is late, less than 30 days.
The loan
- Balance in tracked trusts
- $181,000,000
- Original balance (same notes)
- $181,000,000
- Interest rate
- 7.61% fixed
- Originated
- November 10, 2022
- Maturity
- December 6, 2032
- Payments
- Interest only for the full term
- Prepayment lockout ends
- September 5, 2032
- Master servicer
- Midland Loan Services
- Originator
- Argentic Real Estate Finance LLC
Status
- Payment status
- Late payment but less than 30 days delinquent (code B)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 1110 W. Merrill Avenue, Rialto, CA 92376
- Metro
- Riverside-San Bernardino-Ontario, CA
- Rentable area
- 1,106,124 sq ft
- Built
- 1989, renovated 2020
- Largest tenants
- Rialto Distribution LLC
- Value at securitization
- $350.0M (Oct 2022)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.26x | n/a |
| Occupancy | 100% | n/a |
| Net operating income | $17.6M | n/a |
Watch flags
Computed from the BBCMS Mortgage Trust 2023-C19 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 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $181.0M | Late payment but less than 30 days delinquent | No | 1.39x | 100% |
| August 2026 | $181.0M | Late payment but less than 30 days delinquent | No | 1.39x | 100% |
| July 2026 | $181.0M | Current | No | 1.39x | 100% |
| June 2026 | $181.0M | Late payment but less than 30 days delinquent | No | 1.39x | 100% |
| May 2026 | $181.0M | Current | No | 1.39x | 100% |
| April 2026 | $181.0M | Late payment but less than 30 days delinquent | No | 1.37x | 100% |
| March 2026 | $181.0M | Current | No | 1.37x | 100% |
| February 2026 | $181.0M | Current | No | 1.37x | 100% |
| January 2026 | $181.0M | Current | No | 2.47x | 100% |
| December 2025 | $181.0M | Current | No | 2.47x | 100% |
| November 2025 | $181.0M | Current | No | 2.47x | 100% |
| October 2025 | $181.0M | Current | No | 2.47x | 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
The loan is split into 7 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2022-C18 | 1 | $68,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| BMO 2023-C4 Mortgage Trust | 2 | $35,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
| BBCMS Mortgage Trust 2023-C19 | 5-A-3-1 | $25,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| MSWF Commercial Mortgage Trust 2023-1 | 9A | $25,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
| BBCMS Mortgage Trust 2023-C19 | 5-A-5 | $20,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| MSWF Commercial Mortgage Trust 2023-1 | 9 | $5,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
| BBCMS Mortgage Trust 2023-C19 | 5-A-7 | $3,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Riverside-San Bernardino-Ontario loans due in 2032
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Ace Hotel & Swim Club | Palm Springs, CA | Hotel | $39.0M | 5.494% | Nov 2032 | 2.54x | 59% | Current |
| Citrus Tower | Riverside, CA | Office | $36.0M | 3.062% | Jan 2032 | 2.86x | 85% | Current |
| Foothill Center | Corona, CA | Retail | $12.3M | 4.275% | Jan 2032 | n/a | n/a | Current |
| Temecula Valley Medical Office | Temecula, CA | Office | $9.8M | 5.47% | Mar 2032 | 1.59x | 100% | Current |
| Moreno Valley Storage | Moreno Valley, CA | Self storage | $7.5M | 3.526% | Feb 2032 | 2.87x | 93% | Current |
| Sportsman Madison Square | Murrieta, CA | Retail | $4.0M | 4.48% | Mar 2032 | 1.99x | 100% | Current |
| Coachella Mhc | Coachella, CA | Manufactured housing | $3.6M | 3.689% | Mar 2032 | 5.30x | 100% | 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.