Retail · Los Angeles, California
The Hollywood Collection
Public CMBS trusts hold $49.7M of the loan on The Hollywood Collection at 6.68% that reaches maturity on July 6, 2035, in 8 years and 8 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is late, less than 30 days.
The loan
- Balance in tracked trusts
- $49,680,000
- Original balance (same notes)
- $49,680,000
- Interest rate
- 6.68% fixed
- Originated
- June 23, 2025
- Maturity
- July 6, 2035
- Payments
- Interest only for the full term
- Prepayment lockout ends
- January 5, 2035
- Master servicer
- Midland
- Originator
- UBS AG
Status
- Payment status
- Late payment but less than 30 days delinquent (code B)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 7021 and 7001-7013 Hollywood Boulevard, Los Angeles, CA 90028
- Metro
- Los Angeles-Long Beach-Anaheim, CA
- Rentable area
- 180,797 sq ft
- Built
- 1929, renovated 2014
- Largest tenants
- LA Fitness; Target; La La Land
- Value at securitization
- $69.2M (May 2025)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.56x | 1.47x |
| Occupancy | 86% | 68% |
| Net operating income (annualized from 3 months) | $5.2M | $5.0M |
| Debt yield | 10.1% |
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 Benchmark 2025-B41 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- Occupancy down 10 points or more from securitization
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 86% when the loan was securitized to 68%.
- The filing gives Apr 2031 as the lease end date for the largest tenant (LA Fitness), 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 | $49.7M | Late payment but less than 30 days delinquent | No | 1.47x | 68% |
| August 2026 | $49.7M | Current | No | 1.47x | 68% |
| July 2026 | $49.7M | Current | No | n/a | n/a |
| June 2026 | $49.7M | Current | No | n/a | n/a |
| May 2026 | $49.7M | Current | No | n/a | n/a |
| April 2026 | $49.7M | Current | No | n/a | n/a |
| March 2026 | $49.7M | Current | No | n/a | n/a |
| February 2026 | $49.7M | Current | No | n/a | n/a |
| January 2026 | $49.7M | Current | No | n/a | n/a |
| December 2025 | $49.7M | Current | No | n/a | n/a |
| November 2025 | $49.7M | Current | No | n/a | n/a |
| October 2025 | $49.7M | Current | No | 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.
Where the loan sits
The loan is split into 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2025-C35 | 10 | $25,680,000 | Sep 2026 | SEC filing, September 29, 2026 |
| Benchmark 2025-B41 Mortgage Trust | 9 | $24,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other Los Angeles-Long Beach-Anaheim loans due in 2035
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| One Wilshire, Los Angeles (2035 maturity) | Los Angeles, CA | Office | $193.3M | 2.776% | Jan 2035 | 6.59x | 64% | Current |
| The Shops at Mission Viejo | Mission Viejo, CA | Retail | $155.0M | 6.725% | Jan 2035 | 1.82x | 90% | Current |
| Discovery Business Center | Irvine, CA | Office | $150.0M | 5.987% | Feb 2035 | n/a | n/a | Current |
| Market Place Center | Irvine, CA | Office | $135.0M | 5.552% | Sep 2035 | n/a | n/a | Current |
| 660 Newport Center Drive | Newport Beach, CA | Office | $80.0M | 5.757% | Mar 2035 | 1.91x | 90% | Current |
| Hacienda Center | Hacienda Heights, CA | Retail | $45.0M | 6.60% | Sep 2035 | 1.40x | 95% | Current |
| Foothill Tech Center | Monrovia, CA | Office | $32.0M | 6.336% | Nov 2035 | 1.10x | 85% | Current |
| Shops at Mission Viejo | Mission Viejo, CA | Retail | $25.0M | 6.725% | Jan 2035 | 1.87x | 90% | Current |
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.