Tesla Long Beach
In its monthly loan-level report to the SEC for the period ending September 8, 2026 (Form ABS-EE, filed September 25, 2026), FIVE 2023-V1 Mortgage Trust reported the loan secured by Tesla Long Beach in Long Beach, CA as in bankruptcy (the servicer's workout strategy is the borrower's bankruptcy case). In the trust's previous monthly report the loan was in foreclosure.
This is the loan servicer's report, not a court record: it gives no case number, and it usually trails the underlying event by a month or two. Whether a foreclosure runs through a court depends on the state. CREdocket lists the property and the trust only, never the borrower.
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Other distressed CMBS properties in CA
From the trust's Exhibit 102 asset data file (SEC Regulation AB, Schedule AL), compared with its previous month's file. Figures are as reported by the servicer. Not legal or investment advice. Something wrong here? Tell us and we will correct it.