Retail · Brandon, Florida
Brandon Mall
Public CMBS trusts hold $121.0M of the loan on Brandon Mall at 7.62% that reaches maturity on June 11, 2028, in 19 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $121,000,000
- Original balance (same notes)
- $121,000,000
- Interest rate
- 7.62% fixed
- Originated
- May 24, 2023
- Maturity
- June 11, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ends
- December 10, 2027
- Master servicer
- Trimont LLC
- Originator
- WFB
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 175, 459, 303-675, 686 & 901 Brandon Town Center Drive, Brandon, FL 33511
- Metro
- Tampa-St. Petersburg-Clearwater, FL
- Rentable area
- 659,882 sq ft
- Built
- 1995, renovated 2022
- Largest tenants
- DICK'S HOUSE OF SPORT; Books a Million; Victoria's Secret
- Value at securitization
- $221.2M (Mar 2023)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.48x | 2.48x |
| Occupancy | 70% | 79% |
| Net operating income (annualized from 6 months) | $23.2M | $23.3M |
| Debt yield | 19.3% |
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 BANK5 2023-5YR3 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 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
- Occupancy has risen from 70% when the loan was securitized to 79%.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $121.0M | Current | No | 2.48x | 79% |
| August 2026 | $121.0M | Current | No | 2.48x | 79% |
| July 2026 | $121.0M | Current | No | 2.60x | 80% |
| June 2026 | $121.0M | Current | No | 2.60x | 80% |
| May 2026 | $121.0M | Current | No | 2.60x | 80% |
| April 2026 | $121.0M | Current | No | 2.35x | 82% |
| March 2026 | $121.0M | Current | No | 2.35x | 82% |
| February 2026 | $121.0M | Current | No | 2.41x | 69% |
| January 2026 | $121.0M | Current | No | 2.41x | 69% |
| December 2025 | $121.0M | Current | No | 2.41x | 69% |
| November 2025 | $121.0M | Current | No | 2.45x | 69% |
| October 2025 | $121.0M | Current | No | 2.45x | 69% |
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
The loan is split into 3 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BANK5 2023-5YR2 | 2 | $65,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
| BANK 2023-BNK46 | 8 | $36,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| BANK5 2023-5YR3 | 19 | $20,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Tampa-St. Petersburg-Clearwater loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Hilton Clearwater Beach Resort & Spa | Clearwater Beach, FL | Hotel | $62.6M | 5.13% | Mar 2028 | 3.39x | 78% | Current |
| Hilton Clearwater Beach | Clearwater Beach, FL | Hotel | $51.5M | 5.13% | Mar 2028 | 3.55x | 84% | Current |
| Woodlands Square | Oldsmar, FL | Retail | $42.3M | 4.75% | Nov 2028 | 2.08x | 86% | Current |
| Sprouts Tampa | Tampa, FL | Retail | $11.7M | 5.11% | Sep 2028 | 1.30x | 100% | Current |
| Cardinal Point at Gateway | St. Petersburg, FL | Office | $10.3M | 4.742% | Aug 2028 | 2.97x | 100% | With the special servicer and 90+ days delinquent |
| 2425 & 2433 S 86th Street | Tampa, FL | Self storage | $9.5M | 4.91% | Apr 2028 | n/a | n/a | Current |
| 2600 & 2700 South Falkenburg Road | Riverview, FL | Industrial | $9.5M | 5.119% | Sep 2028 | n/a | n/a | Current |
| Tarpon Square | Tarpon Springs, FL | Retail | $9.1M | 4.658% | Jul 2028 | 1.33x | 74% | Current |
All loans maturing in 2028 · All Tampa-St. Petersburg-Clearwater 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.