Retail · Chino Hills, California
Shoppes at Chino Hills
Public CMBS trusts hold $110.0M of the loan on Shoppes at Chino Hills at 5.175% that reaches maturity on June 1, 2028, in 19 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $110,000,000
- Original balance (same notes)
- $110,000,000
- Interest rate
- 5.175% fixed
- Originated
- May 9, 2018
- Maturity
- June 1, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ends
- January 31, 2028
- Master servicer
- Trimont LLC
- Originator
- MSBNA
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred July 9, 2020, returned February 26, 2021
- Workout strategy
- Resolved
- Modified
- Yes, most recently June 1, 2020
- Defeasance
- None reported
The property
- Address
- 13991-13911 Peyton Drive, 13850-13925 City Center Drive, 3335-3625 Grand Avenue, Chino Hills, CA 91709
- Metro
- Riverside-San Bernardino-Ontario, CA
- Rentable area
- 378,676 sq ft
- Built
- 2008
- Largest tenants
- Barnes & Noble; TailoredSpace CH LLC; Old Navy Clothing Co.
- Value at securitization
- $176.0M (Apr 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.62x | 1.63x |
| Occupancy | 95% | 82% |
| Net operating income (annualized from 6 months) | $9.4M | $9.5M |
| Debt yield | 8.6% |
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 Morgan Stanley Capital I Trust 2018-L1 filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- Occupancy down 10 points or more from securitization
- 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 fallen from 95% when the loan was securitized to 82%.
- The most recent valuation in the filing is $161.0M (November 12, 2020), against $176.0M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $110.0M | Current | No | 1.63x | 82% |
| August 2026 | $110.0M | Current | No | 1.65x | 83% |
| July 2026 | $110.0M | Current | No | 1.65x | 83% |
| June 2026 | $75.0M | Current | No | 1.63x | 83% |
| May 2026 | $110.0M | Current | No | 1.63x | 83% |
| April 2026 | $110.0M | Current | No | 1.63x | 83% |
| March 2026 | $110.0M | Current | No | 1.63x | 83% |
| February 2026 | $110.0M | Current | No | 1.63x | 83% |
| January 2026 | $110.0M | Current | No | 1.61x | 89% |
| December 2025 | $110.0M | Current | No | 1.69x | 83% |
| November 2025 | $110.0M | Current | No | 1.69x | 83% |
| October 2025 | $110.0M | Current | No | 1.69x | 83% |
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 July 9, 2020, returned to the master servicer February 26, 2021.
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
The loan is split into 4 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Morgan Stanley Capital I Trust 2018-H3 | 6 | $40,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
| BANK 2018-BNK14 | 16 | $35,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
| BANK 2018-BNK13 | 15 | $22,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| Morgan Stanley Capital I Trust 2018-L1 | 23 | $13,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other Riverside-San Bernardino-Ontario loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| California High Tech Logistics | Riverside, CA | Industrial | $70.0M | 8.122% | Apr 2028 | 1.35x | 100% | Current |
| The Westin Rancho Mirage | Rancho Mirage, CA | Hotel | $50.0M | 8.23% | Nov 2028 | 0.78x | 53% | Current |
| Embassy Suites Ontario Airport | Ontario, CA | Hotel | $39.6M | 4.755% | Sep 2028 | n/a | n/a | Current |
| Mission Grove Plaza | Riverside, CA | Retail | $37.0M | 6.866% | Jun 2028 | 2.03x | 68% | Current |
| Ontario Airport Tower | Ontario, CA | Office | $23.6M | 6.081% | Jan 2028 | n/a | n/a | Current |
| Lakeside Tower | San Bernardino, CA | Office | $18.9M | 4.775% | Oct 2028 | n/a | n/a | Current |
| Empire Towers V | Ontario, CA | Office | $18.5M | 5.03% | Jul 2028 | 1.80x | 99% | Current |
| Piemonte at Ontario Center | Ontario, CA | Retail | $16.5M | 4.602% | Aug 2028 | 2.46x | 80% | Current |
All loans maturing in 2028 · 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.