Retail · Yorba Linda, California
Savi Ranch
Savi Ranch is financed with a $22.3M CMBS loan at 5.008% that reaches maturity on July 6, 2028, in 20 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $22,309,033
- Original balance (same notes)
- $24,750,000
- Interest rate
- 5.008% fixed
- Originated
- June 20, 2018
- Maturity
- July 6, 2028
- Payments
- Interest only for 24 months, then amortizing
- Prepayment lockout ends
- April 5, 2028
- Originator
- UBS AG
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Modified
- Yes, most recently June 5, 2020
- Defeasance
- Partly defeased
The property
- Address
- 23021-23081 Savi Ranch Parkway 23042-23060 Savi Ranch Parkway, Yorba Linda, CA 92887
- Metro
- Los Angeles-Long Beach-Anaheim, CA
- Rentable area
- 160,773 sq ft
- Built
- 1997
- Largest tenants
- DICK'S SPORTING GOODS; American Ninja Warriors; MICHAELS
- Value at securitization
- $34.5M (Apr 2018)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 2.01x | 1.48x |
| Occupancy | 96% | 100% |
| Net operating income (annualized from 3 months) | $2.5M | $2.4M |
| Debt yield | 10.7% |
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 UBS Commercial Mortgage Trust 2018-C12 filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- Coverage down 0.25x or more from securitization
- Largest tenant's lease ends within 12 months
- Modified
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 96% when the loan was securitized to 100%.
- Net operating income is 5% below the underwritten figure ($2.4M a year against $2.5M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 2.01x at securitization to 1.48x on the latest statements.
- The filing gives Jun 2027 as the lease end date for the largest tenant (DICK'S SPORTING GOODS), 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 | $22.3M | Current | No | 1.48x | 100% |
| August 2026 | $22.3M | Current | No | 1.48x | 100% |
| July 2026 | $22.4M | Current | No | 1.48x | 100% |
| June 2026 | $22.4M | Current | No | 1.48x | 100% |
| May 2026 | $22.5M | Current | No | n/a | n/a |
| April 2026 | $22.5M | Current | No | 1.48x | 100% |
| March 2026 | $22.5M | Current | No | 1.48x | 100% |
| February 2026 | $22.6M | Current | No | 1.53x | 100% |
| January 2026 | $22.6M | Current | No | 1.53x | 100% |
| December 2025 | $22.6M | Current | No | 1.53x | 100% |
| November 2025 | $31.9M | 90+ days delinquent | Yes | -0.93x | n/a |
| October 2025 | $22.7M | Current | No | 1.53x | 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.
Special-servicing history
- Transferred to the special servicer August 1, 2024.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| UBS Commercial Mortgage Trust 2018-C12 | 7 | $22,309,033 | Sep 2026 | SEC filing, September 28, 2026 |
Other Los Angeles-Long Beach-Anaheim loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Aliso Viejo Commerce Center | Aliso Viejo, CA | Mixed use | $174.2M | 4.89% | Feb 2028 | n/a | n/a | Current |
| Airport Business Center, Irvine | Irvine, CA | Industrial | $150.0M | 4.375% | Feb 2028 | 3.15x | 90% | Current |
| Atlantic Times Square | Monterey Park, CA | Mixed use | $98.0M | 4.845% | Apr 2028 | 1.62x | 91% | Current |
| 12800 Culver | Los Angeles, CA | Other | $84.8M | 6.533% | Jul 2028 | 2.60x | 100% | Current |
| Red Building | West Hollywood, CA | Office | $80.0M | 4.386% | Jan 2028 | 1.60x | 73% | Current |
| Aliso Creek Apartments | Aliso Viejo, CA | Multifamily | $63.0M | 3.519% | Apr 2028 | 6.37x | 96% | Current |
| 6420 Wilshire | Los Angeles, CA | Office | $62.0M | 4.276% | Jan 2028 | 0.93x | 72% | Current |
| Soho Warehouse DTLA | Los Angeles, CA | Mixed use | $61.3M | 7.83% | May 2028 | 1.48x | 100% | Current |
All loans maturing in 2028 · 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.