Mixed use · Temecula, California
Temecula Creek Plaza
Temecula Creek Plaza is financed with a $10.3M CMBS loan at 3.48% that reaches maturity on November 5, 2031, in 5 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $10,325,000
- Original balance (same notes)
- $10,325,000
- Interest rate
- 3.48% fixed
- Originated
- October 15, 2021
- Maturity
- November 5, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- August 4, 2031
- Master servicer
- Midland Loan Services
- Originator
- 3650 Real Estate Investment Trust 2 LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 31021-31165 Temecula Parkway, Temecula, CA 92592
- Metro
- Riverside-San Bernardino-Ontario, CA
- Rentable area
- 68,132 sq ft
- Built
- 2006
- Largest tenants
- Longs / CVS; BBVA Compass; Temecula Pizza Factory
- Value at securitization
- $20.0M (Aug 2021)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 3.01x | 3.86x |
| Occupancy | 90% | 96% |
| Net operating income (annualized from 6 months) | $1.1M | $2.8M |
| Debt yield | 27.5% |
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 3650R 2021-PF1 Commercial Mortgage Trust 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 90% when the loan was securitized to 96%.
- Net operating income is 159% above the underwritten figure ($2.8M a year against $1.1M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 3.01x at securitization to 3.86x on the latest statements.
- The filing gives Sep 2027 as the lease end date for the largest tenant (Longs / CVS), 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 | $10.3M | Current | No | 3.86x | 96% |
| August 2026 | $10.3M | Current | No | n/a | n/a |
| July 2026 | $10.3M | Current | No | n/a | n/a |
| June 2026 | $10.3M | Current | No | n/a | n/a |
| May 2026 | $10.3M | Current | No | n/a | n/a |
| April 2026 | $10.3M | Current | No | 3.46x | 96% |
| March 2026 | $10.3M | Current | No | 3.46x | 96% |
| February 2026 | $10.3M | Current | No | 3.46x | n/a |
| January 2026 | $10.3M | Current | No | 3.44x | 96% |
| December 2025 | $10.3M | Current | No | 3.44x | 96% |
| November 2025 | $10.3M | Current | No | 3.51x | 96% |
| October 2025 | $10.3M | Current | No | 3.51x | 96% |
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 |
|---|---|---|---|---|
| 3650R 2021-PF1 Commercial Mortgage Trust | 29 | $10,325,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Riverside-San Bernardino-Ontario loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Bridge Point Rancho Cucamonga | Rancho Cucamonga, CA | Industrial | $145.0M | 5.833% | Jul 2031 | 1.59x | 100% | Current |
| Kirby Industrial | Hemet, CA | Industrial | $102.0M | 6.75% | Feb 2031 | n/a | n/a | Current |
| The Beverly | San Bernardino, CA | Multifamily | $59.4M | 5.87% | Jun 2031 | n/a | n/a | Current |
| Ridgeline Apartments | San Bernardino, CA | Multifamily | $46.0M | 5.73% | Jul 2031 | n/a | n/a | Current |
| Las Casitas Apartments | Hesperia, CA | Multifamily | $23.0M | 3.312% | Mar 2031 | 2.96x | 94% | Current |
| Yucaipa Valley Commercial Center | Yucaipa, CA | Retail | $23.0M | 2.73% | Oct 2031 | 5.34x | 99% | Current |
| Murrieta Spectrum | Murrieta, CA | Mixed use | $20.8M | 3.73% | Sep 2031 | 1.96x | 93% | Current |
| Mission Village Shopping Center | Riverside, CA | Retail | $18.5M | 3.05% | Dec 2031 | 5.14x | 100% | Current |
All loans maturing in 2031 · 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.