Multifamily · Hawthorne, California
Valencia Apartments
Valencia Apartments is financed with a $3.5M CMBS loan at 4.269% that reaches maturity on November 6, 2026, this month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer.
The loan
- Balance in tracked trusts
- $3,546,124
- Original balance (same notes)
- $4,400,000
- Interest rate
- 4.269% fixed
- Originated
- October 11, 2016
- Maturity
- November 6, 2026
- Payments
- Amortizing over 30 years
- Prepayment lockout ended
- July 5, 2026
- Master servicer
- Trimont LLC
- Originator
- BANA
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred October 29, 2024
- Workout strategy
- Full Payoff
- Defeasance
- None reported
The property
- Address
- 4560 West 120th Street, Hawthorne, CA 90250
- Metro
- Los Angeles-Long Beach-Anaheim, CA
- Units, rooms or beds
- 51
- Built
- 1968
- Value at securitization
- $6.6M (May 2016)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 1.48x | 2.39x |
| Occupancy | 98% | 96% |
| Net operating income | $386K | $622K |
| Debt yield | 17.5% |
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 Morgan Stanley Bank of America Merrill Lynch Trust 2016-C32 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- With the special servicer
- Matures within 12 months
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
- Net operating income is 61% above the underwritten figure ($622K a year against $386K).
- Debt service coverage moved from 1.48x at securitization to 2.39x on the latest statements.
- The most recent valuation in the filing is $9.6M (April 29, 2026), against $6.6M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $3.5M | Current | Yes | 2.39x | 96% |
| August 2026 | $3.6M | Late payment but less than 30 days delinquent | Yes | 2.39x | 96% |
| July 2026 | $3.6M | Current | Yes | 2.39x | 96% |
| June 2026 | $3.6M | Current | Yes | 2.39x | 96% |
| May 2026 | $3.6M | Current | Yes | 2.39x | 96% |
| April 2026 | $3.6M | Late payment but less than 30 days delinquent | Yes | 2.39x | 96% |
| March 2026 | $3.6M | Late payment but less than 30 days delinquent | Yes | 2.41x | 98% |
| February 2026 | $3.6M | Current | Yes | 2.41x | 98% |
| January 2026 | $3.6M | Current | Yes | 2.42x | 96% |
| December 2025 | $3.6M | Late payment but less than 30 days delinquent | Yes | 2.42x | 96% |
| November 2025 | $3.6M | Late payment but less than 30 days delinquent | Yes | 2.42x | 96% |
| October 2025 | $3.6M | Current | Yes | 2.18x | 94% |
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 October 29, 2024, 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 |
|---|---|---|---|---|
| Morgan Stanley Bank of America Merrill Lynch Trust 2016-C32 | 44 | $3,546,124 | Sep 2026 | SEC filing, September 29, 2026 |
Other Los Angeles-Long Beach-Anaheim loans due in 2026
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Center West | Los Angeles, CA | Office | $80.0M | 4.435% | Dec 2026 | 0.78x | 35% | Current |
| Platform | Culver City, CA | Mixed use | $37.0M | 5.143% | Dec 2026 | 2.35x | 95% | Current |
| Sixty Hotel Beverly Hills | Beverly Hills, CA | Hotel | $37.0M | 6.00% | Aug 2026 | 1.47x | 74% | With the special servicer |
| Calabasas Tech Center | Calabasas, CA | Office | $33.0M | 4.858% | Dec 2026 | 1.63x | 68% | Current |
| Courtyard Century City | Los Angeles, CA | Hotel | $32.9M | 4.25% | Nov 2026 | 2.22x | 78% | Current |
| 925 N La Brea Avenue | Los Angeles, CA | Mixed use | $26.8M | 4.19% | Oct 2026 | 0.67x | 71% | Current |
| Golden Cove Shopping Center | Rancho Palos Verdes, CA | Mixed use | $23.1M | 4.78% | Dec 2026 | 1.40x | 97% | Current |
| 431 Ocean Front Walk | Los Angeles, CA | Mixed use | $16.0M | 4.971% | Dec 2026 | n/a | n/a | Current |
All loans maturing in 2026 · 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.