Commercial properties exposed to LA wildfires worth at least $2.6B

CMBS loans tied to more than 150 assets, mostly apartments, as flames continue their march.

By Suzannah Cavanaugh
01.10.25

Commercial properties exposed to LA wildfires worth at least $2.6B

(Photo by AGUSTIN PAULLIER/AFP via Getty Images)

The Los Angeles wildfires have laid waste to celebrities’ Malibu mansions and Pacific Palisades homes in the thousands.

But there are also $2.6 billion worth of commercial properties in the path of destruction, according to an analysis by data firm Trepp.

The company, which tracks commercial mortgage-backed securities, found 152 properties tied to CMBS loans were within evacuation zones ordered for the Palisades, Eaton and Hurst fires, all of which were still raging as of Thursday afternoon.

Link to full article