Manufactured housing portfolio, 29 properties · Rapid City, South Dakota
1702 East Highway 44
This portfolio is financed with a $85.0M CMBS loan at 5.71% that reaches maturity on July 6, 2029, in 2 years and 8 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $85,000,000
- Original balance (same notes)
- $85,000,000
- Interest rate
- 5.71% fixed
- Originated
- July 3, 2024
- Maturity
- July 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- January 5, 2029
- Master servicer
- Midland Loan Services
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1702 East Highway 44, Rapid City, SD 57703
- Value at securitization
- $166.4M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income (annualized from 6 months) | $9.2M | $11.4M |
| Debt yield | 13.4% |
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 Benchmark 2024-V9 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 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 23% above the underwritten figure ($11.4M a year against $9.2M; the latest statement covers 6 months, annualized).
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| 1702 East Highway 44 | Rapid City, SD | Mobile Home Park | n/a | n/a |
| 6 Mulberry Way | Durango, CO | Mobile Home Park | n/a | n/a |
| 10038 South New Era Road | Canby, OR | Mobile Home Park | n/a | n/a |
| 2395 Downing Avenue | Savannah, GA | Mobile Home Park | n/a | n/a |
| 3221 McKown Road | Douglasville, GA | Mobile Home Park | n/a | n/a |
| 306 Ryan Drive | Saint Marys, GA | Mobile Home Park | n/a | n/a |
| 113 Paintbrush Street | San Marcos, TX | Mobile Home Park | n/a | n/a |
| 50 Reliance Road | Reliance, WY | Mobile Home Park | n/a | n/a |
| 100 Carol Road | Oxford, ME | Mobile Home Park | n/a | n/a |
| 432 Mechanic Street, 431 Gratiot Avenue & 1423 Franklin Street | Detroit, MI | Self Storage | n/a | n/a |
| 2928 Alpine Road | Columbia, SC | Mobile Home Park | n/a | n/a |
| 136 Brannon Drive | Dickson, TN | Mobile Home Park | n/a | n/a |
| Churchill Portfolio | Baytown, TX | Self Storage | 64% | 1.50x |
| 10B Kenwood Terrace | Mora, MN | Mobile Home Park | n/a | n/a |
| 650 Interstate 10 South | Beaumont, TX | Self Storage | n/a | n/a |
| 203 Highway 90 and 2319 Henderson Street | Waveland, MS | Self Storage | n/a | n/a |
| 87 White Frost Drive | Montgomery, AL | Mobile Home Park | n/a | n/a |
| 8056 Highway 49 North | Gulfport, MS | Self Storage | n/a | n/a |
| 120 North I Road | San Juan, TX | Self Storage | n/a | n/a |
| 4101 Gordon Road | Sioux City, IA | Mobile Home Park | n/a | n/a |
| 4455 Oak Crest Hill Southeast | Iowa City, IA | Mobile Home Park | n/a | n/a |
| 1120 Pass Road and 9470 Creosote Road | Gulfport, MS | Self Storage | n/a | n/a |
| 401 30th Street NW | Willmar, MN | Mobile Home Park | n/a | n/a |
| 8990 Moffett Road and 11140 Moffett Road | Semmes, AL | Self Storage | n/a | n/a |
| 133 Country Manor Road | Eagle Lake, MN | Mobile Home Park | n/a | n/a |
| 4271 Raleigh Lagrange Road | Memphis, TN | Self Storage | n/a | n/a |
| 5061 Oak Grove Road | Evansville, IN | Self Storage | n/a | n/a |
| 840 S. Main Street | Old Town, ME | Mobile Home Park | n/a | n/a |
| 3301 Highway 90 | Gautier, MS | Self Storage | n/a | n/a |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $85.0M | Current | No | n/a | n/a |
| August 2026 | $85.0M | Current | No | n/a | n/a |
| July 2026 | $85.0M | Current | No | n/a | n/a |
| June 2026 | $85.0M | Current | No | n/a | n/a |
| May 2026 | $85.0M | Current | No | n/a | n/a |
| April 2026 | $85.0M | Current | No | n/a | n/a |
| March 2026 | $85.0M | Current | No | n/a | n/a |
| February 2026 | $85.0M | Current | No | n/a | n/a |
| January 2026 | $85.0M | Current | No | n/a | n/a |
| December 2025 | $85.0M | Current | No | n/a | n/a |
| November 2025 | $85.0M | Current | No | n/a | n/a |
| October 2025 | $85.0M | Current | No | n/a | n/a |
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
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Benchmark 2024-V9 Mortgage Trust | 2 | $85,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
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.