Office · Los Angeles, California
Westwood Gateway II
Public CMBS trusts hold $150.0M of the loan on Westwood Gateway II at 5.56% that reaches maturity on April 1, 2034, in 7 years and 5 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $150,000,000
- Original balance (same notes)
- $150,000,000
- Interest rate
- 5.56% fixed
- Originated
- March 28, 2024
- Maturity
- April 1, 2034
- Payments
- Interest only for the full term
- Prepayment lockout ended
- May 31, 2026
- Prepayment premium ends
- November 30, 2033 (yield maintenance)
- Master servicer
- Trimont LLC
- Originator
- Bank of America, N.A.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 11100 and 11150 Santa Monica Boulevard, Los Angeles, CA 90025
- Metro
- Los Angeles-Long Beach-Anaheim, CA
- Rentable area
- 548,904 sq ft
- Built
- 1986
- Largest tenants
- The Capital Group Companies; Crescent Capital Group LP; Aristotle Capital Management
- Value at securitization
- $330.0M (Mar 2024)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 3.10x | 2.92x |
| Occupancy | 96% | 93% |
| Net operating income (annualized from 6 months) | $26.2M | $24.7M |
| Debt yield | 16.5% |
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 BBCMS Mortgage Trust 2024-C26 filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 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 6% below the underwritten figure ($24.7M a year against $26.2M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 3.10x at securitization to 2.92x on the latest statements.
- The filing gives Jun 2031 as the lease end date for the largest tenant (The Capital Group Companies), 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 | $150.0M | Current | No | 2.92x | 93% |
| August 2026 | $150.0M | Current | No | 2.92x | 93% |
| July 2026 | $150.0M | Current | No | 3.28x | 94% |
| June 2026 | $150.0M | Current | No | 3.28x | 94% |
| May 2026 | $75.0M | Current | No | 3.28x | 94% |
| April 2026 | $150.0M | Current | No | 2.67x | 94% |
| March 2026 | $150.0M | Current | No | 2.67x | 94% |
| February 2026 | $150.0M | Current | No | 2.67x | 94% |
| January 2026 | $150.0M | Current | No | 2.65x | 95% |
| December 2025 | $150.0M | Current | No | 2.65x | 95% |
| November 2025 | $150.0M | Current | No | 2.65x | 95% |
| October 2025 | $150.0M | Current | No | 2.60x | 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
The loan is split into 4 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BANK 2024-BNK47 | 4 | $75,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| BBCMS Mortgage Trust 2024-C26 | 2 | $50,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
| BBCMS Mortgage Trust 2024-C26 | 2A | $15,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
| BBCMS Mortgage Trust 2024-C26 | 2B | $10,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
Other Los Angeles-Long Beach-Anaheim loans due in 2034
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 20 & 40 Pacifica | Irvine, CA | Office | $115.0M | 5.626% | Jul 2034 | 2.98x | 90% | Current |
| 610 Newport Center | Newport Beach, CA | Office | $85.0M | 5.666% | Jul 2034 | 2.39x | 99% | Current |
| Hilton Garden Inn - Calabasas, CA | Calabasas, CA | Hotel | $34.0M | 7.406% | Oct 2034 | n/a | n/a | Current |
| Anaheim Desert Palm Hotel & Suites | Anaheim, CA | Hotel | $30.0M | 6.727% | May 2034 | 3.47x | 82% | Current |
| Mini U Storage - Newport | Newport Beach, CA | Self storage | $20.0M | 5.90% | Aug 2034 | n/a | n/a | Current |
| Mini U Storage - Newport II | Newport Beach, CA | Self storage | $17.5M | 5.90% | Aug 2034 | n/a | n/a | Current |
| CAVU Irvine | Irvine, CA | Office | $16.5M | 7.30% | Feb 2034 | 1.94x | 94% | Current |
| Club Vantaggio Apartments | Northridge, CA | Multifamily | $16.5M | 6.395% | Dec 2034 | 1.14x | 100% | 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.