Mixed use · Pasadena, California
South Lake Center
South Lake Center is financed with a $6.5M CMBS loan at 4.78% that reaches maturity on September 11, 2028, in 22 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $6,452,818
- Original balance (same notes)
- $7,500,000
- Interest rate
- 4.78% fixed
- Originated
- August 23, 2018
- Maturity
- September 11, 2028
- Payments
- Amortizing over 30 years
- Prepayment lockout ended
- November 10, 2020
- Master servicer
- Trimont LLC
- Originator
- Wells Fargo Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 310 South Lake Avenue and 315 South Mentor Avenue, Pasadena, CA 91101
- Metro
- Los Angeles-Long Beach-Anaheim, CA
- Rentable area
- 39,290 sq ft
- Built
- 1949, renovated 2007
- Largest tenants
- Walgreens; Rouhani & Khabbaz Dental Corporation
- Value at securitization
- $23.1M (Jul 2018)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 2.39x | 3.52x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 3 months) | $1.1M | $1.7M |
| Debt yield | 26.0% |
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 2018-C47 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 49% above the underwritten figure ($1.7M a year against $1.1M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 2.39x at securitization to 3.52x on the latest statements.
- The filing gives Jun 2027 as the lease end date for the largest tenant (Walgreens), 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 | $6.5M | Current | No | 3.52x | 100% |
| August 2026 | $6.5M | Current | No | 3.52x | 100% |
| July 2026 | $6.5M | Current | No | 3.52x | 100% |
| June 2026 | $6.5M | Current | No | 3.52x | 100% |
| May 2026 | $6.5M | Current | No | 3.52x | 100% |
| April 2026 | $6.5M | Current | No | 2.53x | 100% |
| March 2026 | $6.5M | Current | No | 3.08x | 100% |
| February 2026 | $6.5M | Current | No | 3.08x | 100% |
| January 2026 | $6.6M | Current | No | 3.08x | 100% |
| December 2025 | $6.6M | Current | No | 3.08x | 100% |
| November 2025 | $6.6M | Current | No | 3.29x | 100% |
| October 2025 | $6.6M | Current | No | 3.29x | 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 2018-C47 | 43 | $6,452,818 | Sep 2026 | SEC filing, September 29, 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.