Retail · Long Beach, California
Tesla Long Beach
Tesla Long Beach is financed with a $16.5M CMBS loan at 6.82% that reaches maturity on February 6, 2028, in 15 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer and 90+ days delinquent.
The loan
- Balance in tracked trusts
- $16,500,000
- Original balance (same notes)
- $16,500,000
- Interest rate
- 6.82% fixed
- Originated
- January 30, 2023
- Maturity
- February 6, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ends
- November 5, 2027
- Master servicer
- Midland Loan Services
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred March 10, 2025
- Workout strategy
- Bankruptcy
- Defeasance
- None reported
The property
- Address
- 1800 E. Spring Street, Long Beach, CA 90755
- Metro
- Los Angeles-Long Beach-Anaheim, CA
- Built
- 1991, renovated 2021
- Largest tenants
- tesla; EV Certified Auto Sales
- Value at securitization
- $26.1M (Feb 2023)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.60x | n/a |
| Occupancy | 100% | n/a |
| Net operating income | $1.8M | n/a |
Watch flags
Computed from the FIVE 2023-V1 Mortgage Trust filing for the reporting period ending September 8, 2026, filed with the SEC September 25, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
On the cmbs.news watch list in all 12 monthly reports we hold (October 2025 to September 2026).
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
- The most recent valuation in the filing is $21.1M (July 6, 2026), against $26.1M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $16.5M | 90+ days delinquent | Yes | n/a | n/a |
| August 2026 | $16.5M | 90+ days delinquent | Yes | n/a | n/a |
| July 2026 | $16.5M | 90+ days delinquent | Yes | n/a | n/a |
| June 2026 | $16.5M | 90+ days delinquent | Yes | n/a | n/a |
| May 2026 | $16.5M | 90+ days delinquent | Yes | n/a | n/a |
| April 2026 | $16.5M | 90+ days delinquent | Yes | n/a | n/a |
| March 2026 | $16.5M | 90+ days delinquent | Yes | n/a | n/a |
| February 2026 | $16.5M | 90+ days delinquent | Yes | n/a | n/a |
| January 2026 | $16.5M | 90+ days delinquent | Yes | n/a | n/a |
| December 2025 | $16.5M | 90+ days delinquent | Yes | n/a | n/a |
| November 2025 | $16.5M | 90+ days delinquent | Yes | n/a | n/a |
| October 2025 | $16.5M | 90+ days delinquent | Yes | n/a | n/a |
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 March 10, 2025, still there.
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 |
|---|---|---|---|---|
| FIVE 2023-V1 Mortgage Trust | 17 | $16,500,000 | Sep 2026 | SEC filing, September 25, 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 8, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.