Manufactured housing portfolio, 7 properties · Walker, Michigan
Appletree
Public CMBS trusts hold $28.4M of the loan on this portfolio at 4.90% that reaches maturity on April 6, 2029, in 2 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
- $28,447,284
- Original balance (same notes)
- $30,000,000
- Interest rate
- 4.90% fixed
- Originated
- March 28, 2019
- Maturity
- April 6, 2029
- Payments
- Interest only for 48 months, then amortizing
- Prepayment lockout ends
- January 5, 2029
- Originator
- UBS AG
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Modified
- Yes, most recently November 11, 2024
- Defeasance
- Partly defeased
The property
- Address
- 1061 Wilson NW, Walker, MI 49534
- Metro
- Grand Rapids-Wyoming-Kentwood, MI
- Value at securitization
- $61.2M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income | $3.6M | $4.5M |
| Debt yield | 15.8% |
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 2019-C3 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Modified
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 25% above the underwritten figure ($4.5M a year against $3.6M).
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| Appletree | Walker, MI | Mobile Home Park | n/a | n/a |
| South Lyon Woods | South Lyon, MI | Mobile Home Park | n/a | n/a |
| Brighton Village | Brighton, MI | Mobile Home Park | n/a | n/a |
| College Heights | Auburn Hills, MI | Mobile Home Park | n/a | n/a |
| Fernwood | Deland, FL | Mobile Home Park | n/a | n/a |
| Satellite Bay | Clearwater, FL | Mobile Home Park | n/a | n/a |
| Wolverine Portfolio - Chalet Village | Tampa, FL | Mobile Home Park | 97% | 1.73x |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $28.4M | Current | No | n/a | n/a |
| August 2026 | $28.5M | Current | No | n/a | n/a |
| July 2026 | $28.5M | Current | No | n/a | n/a |
| June 2026 | $28.6M | Current | No | n/a | n/a |
| May 2026 | $28.6M | Current | No | n/a | n/a |
| April 2026 | $28.6M | Current | No | n/a | n/a |
| March 2026 | $28.7M | Current | No | n/a | n/a |
| February 2026 | $28.7M | Current | No | n/a | n/a |
| January 2026 | $28.8M | Current | No | n/a | n/a |
| December 2025 | $28.8M | Current | No | n/a | n/a |
| November 2025 | $28.9M | Current | No | n/a | n/a |
| October 2025 | $28.9M | 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 |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2019-C3 | 11 | $28,447,284 | Sep 2026 | SEC filing, September 29, 2026 |
Other Grand Rapids-Wyoming-Kentwood loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Farmers Insurance Corporate Campus | Caledonia, MI | Office | $92.8M | 3.55% | Sep 2029 | 1.60x | 100% | Current |
| Woodland Mall | Kentwood, MI | Retail | $80.0M | 7.35% | Dec 2029 | 2.16x | 95% | Current |
| 1040 40th Street SE | Grand Rapids, MI | Industrial | $45.5M | 7.06% | Jun 2029 | 1.34x | 100% | Current |
| 48 West | Allendale, MI | Multifamily | $33.0M | 7.20% | Jul 2029 | 1.37x | 93% | Current |
| Village at Knapp's Crossing | Grand Rapids, MI | Retail | $25.2M | 3.65% | Nov 2029 | 2.11x | 100% | Current |
| Green Orchards Shopping Center | Walker, MI | Retail | $9.5M | 4.09% | Dec 2029 | 2.45x | 100% | Current |
| Lofts On Michigan | Grand Rapids, MI | Multifamily | $8.9M | 5.02% | Jun 2029 | 1.19x | 98% | Current |
| WoodSpring Suites - Holland | Holland, MI | Hotel | $7.0M | 3.641% | Sep 2029 | n/a | n/a | Current |
All loans maturing in 2029 · All Grand Rapids-Wyoming-Kentwood loans
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.