Industrial · Rancho Santa Margarita, California
Rsm Business Park
Rsm Business Park is financed with a $6.9M CMBS loan at 3.942% that reaches maturity on October 6, 2027, in 11 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $6,890,000
- Original balance (same notes)
- $6,890,000
- Interest rate
- 3.942% fixed
- Originated
- September 21, 2017
- Maturity
- October 6, 2027
- Payments
- Interest only for the full term
- Prepayment lockout ends
- July 5, 2027
- Master servicer
- Trimont LLC
- Originator
- Barclays Bank PLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 30151, 30161, and 30191 Avenida De Las Banderas, Rancho Santa Margarita, CA 92688
- Metro
- Los Angeles-Long Beach-Anaheim, CA
- Rentable area
- 74,159 sq ft
- Built
- 1990
- Largest tenants
- Stonecreek Christian Church; Newmark; Allstar Microelectronics Inc.
- Value at securitization
- $13.6M (Aug 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.91x | 4.06x |
| Occupancy | 95% | 100% |
| Net operating income (annualized from 6 months) | $801K | $1.1M |
| Debt yield | 16.3% |
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 Wells Fargo Commercial Mortgage Trust 2017-C41 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
- Occupancy has risen from 95% when the loan was securitized to 100%.
- Net operating income is 40% above the underwritten figure ($1.1M a year against $801K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.91x at securitization to 4.06x on the latest statements.
- The filing gives Jun 2027 as the lease end date for the largest tenant (Stonecreek Christian Church), 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 | $6.9M | Current | No | 4.06x | 100% |
| August 2026 | $6.9M | Current | No | 4.69x | 100% |
| July 2026 | $6.9M | Current | No | 4.69x | 100% |
| June 2026 | $6.9M | Current | No | 4.69x | 100% |
| May 2026 | $6.9M | Current | No | 4.46x | 100% |
| April 2026 | $6.9M | Current | No | 4.46x | 100% |
| March 2026 | $6.9M | Current | No | 4.46x | 100% |
| February 2026 | $6.9M | Current | No | 4.46x | 100% |
| January 2026 | $6.9M | Current | No | 4.46x | 100% |
| December 2025 | $6.9M | Current | No | 4.46x | 100% |
| November 2025 | $6.9M | Current | No | 4.03x | 100% |
| October 2025 | $6.9M | Current | No | 4.03x | 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 |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2017-C41 | 42 | $6,890,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Los Angeles-Long Beach-Anaheim loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Del Amo Fashion Center | Torrance, CA | Retail | $400.0M | 3.658% | Jun 2027 | 4.52x | 75% | Current |
| 1999 Avenue of the Stars | Los Angeles, CA | Office | $232.8M | 4.137% | May 2027 | 4.62x | 92% | Current |
| Colorado Center | Santa Monica, CA | Office | $160.0M | 3.562% | Aug 2027 | 3.00x | 90% | Current |
| 2355 and 2383 Utah Ave | El Segundo, CA | Office | $85.0M | 5.64% | May 2027 | 1.93x | 100% | Current |
| Medical Centre Of Santa Monica - West | Santa Monica, CA | Office | $71.0M | 4.06% | Jan 2027 | n/a | n/a | Current |
| Shoreline Square | Long Beach, CA | Office | $55.6M | 3.75% | Feb 2027 | 2.52x | 80% | Current |
| Courtyard Los Angeles Sherman Oaks | Sherman Oaks, CA | Hotel | $52.6M | 4.474% | Dec 2027 | 1.49x | 71% | Current |
| Los Angeles Corporate Center | Monterey Park, CA | Office | $52.3M | 4.70% | Apr 2027 | 1.93x | 74% | Current |
All loans maturing in 2027 · 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.