Manufactured housing loans in CMBS
Public CMBS trusts hold 391 manufactured housing loans with $4.0B outstanding. 0.7% of that balance is with a special servicer and 0.9% is delinquent. The median loan reports 1.93x debt service coverage today against 1.47x when it was underwritten, and 95% occupancy against 94%.
When manufactured housing loans mature
Where they are
- Los Angeles-Long Beach-Anaheim $108M
- Riverside-San Bernardino-Ontario $106M
- Houston-Pasadena-The Woodlands $99M
- Salinas $75M
- Indianapolis-Carmel-Greenwood $64M
- Chicago-Naperville-Elgin $60M
- San Diego-Chula Vista-Carlsbad $57M
- Virginia Beach-Chesapeake-Norfolk $56M
- Detroit-Warren-Dearborn $47M
- Baltimore-Columbia-Towson $42M
- Grand Rapids-Wyoming-Kentwood $40M
- Charlotte-Concord-Gastonia $36M
- Phoenix-Mesa-Chandler $34M
- Las Vegas-Henderson-North Las Vegas $33M
- San Jose-Sunnyvale-Santa Clara $33M
Delinquent or with the special servicer
4 loans, largest first.
| Property | Location | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|
| Watch E Kee & Sugar Creek | Watseka, IL | $14.1M | 6.26% | Jul 2032 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Del Ray II Mhp | Longview, WA | $13.0M | 5.806% | Sep 2032 | 1.65x | 100% | With the special servicer and 90+ days delinquent |
| Scottish Traveler Rv Park | Largo, FL | $7.0M | 6.741% | Sep 2030 | n/a | n/a | Delinquent |
| Collins Mhc & Underwood Estates | Plattsburgh, NY | $2.0M | 5.085% | Nov 2027 | -0.50x | n/a | With the special servicer and 90+ days delinquent |
Download every manufactured housing loan as CSV (current month, CC BY 4.0; terms and history)
Manufactured housing loan coming due?
Send it to Janover Capital to talk through a refinance or recapitalization.