Other · Thousand Palms, California
Tri Palms Estates & Country Club
Tri Palms Estates & Country Club is financed with a $14.0M CMBS loan at 6.907% that reaches maturity on October 11, 2033, in 6 years and 11 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $14,000,000
- Original balance (same notes)
- $14,000,000
- Interest rate
- 6.907% fixed
- Originated
- October 2, 2023
- Maturity
- October 11, 2033
- Payments
- Interest only for the full term
- 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
- 32700 Desert Moon Drive, Thousand Palms, CA 92276
- Metro
- Riverside-San Bernardino-Ontario, CA
- Rentable area
- 7,618,602 sq ft
- Built
- 1989, renovated 2015
- Value at securitization
- $30.1M (Jul 2023)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.36x | 4.22x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $2.3M | $4.2M |
| Debt yield | 29.7% |
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 MSWF Commercial Mortgage Trust 2023-2 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
None this month. No flag in the cmbs.news screen applies to this loan.
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 80% above the underwritten figure ($4.2M a year against $2.3M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.36x at securitization to 4.22x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $14.0M | Current | No | 4.22x | 100% |
| August 2026 | $14.0M | Current | No | 4.63x | 100% |
| July 2026 | $14.0M | Current | No | 4.63x | 100% |
| June 2026 | $14.0M | Current | No | 3.12x | 100% |
| May 2026 | $14.0M | Current | No | 3.12x | 100% |
| April 2026 | $14.0M | Current | No | 3.12x | 100% |
| March 2026 | $14.0M | Current | No | 3.12x | 100% |
| February 2026 | $14.0M | Current | No | 3.40x | 100% |
| January 2026 | $14.0M | Current | No | 3.40x | 100% |
| December 2025 | $14.0M | Current | No | 3.40x | 100% |
| November 2025 | $14.0M | Current | No | 3.77x | 100% |
| October 2025 | $14.0M | Current | No | 3.77x | 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 |
|---|---|---|---|---|
| MSWF Commercial Mortgage Trust 2023-2 | 20 | $14,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Riverside-San Bernardino-Ontario loans due in 2033
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Skorpios Industrial | Temecula, CA | Industrial | $75.0M | 6.635% | Aug 2033 | n/a | n/a | Current |
| Holiday Inn Express - Hesperia | Hesperia, CA | Hotel | $10.9M | 7.315% | Apr 2033 | 0.52x | 73% | Current |
| Best Western Plus Diamond Valley Inn | Hemet, CA | Hotel | $6.3M | 8.12% | Jul 2033 | n/a | n/a | 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.