Manufactured housing · Graham, North Carolina
Cedar Creek Mhc
Cedar Creek Mhc is financed with a $8.0M CMBS loan at 7.168% that reaches maturity on January 1, 2030, in 3 years and 2 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $7,950,000
- Original balance (same notes)
- $7,950,000
- Interest rate
- 7.168% fixed
- Originated
- December 31, 2024
- Maturity
- January 1, 2030
- Payments
- Interest only for the full term
- Prepayment lockout ends
- February 28, 2027
- Prepayment premium ends
- June 30, 2029 (yield maintenance)
- Master servicer
- Trimont LLC
- Originator
- Bank of America, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 1634 Darrell Drive, Graham, NC 27253
- Units, rooms or beds
- 197
- Built
- 1980
- Value at securitization
- $12.9M (Sep 2024)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.51x | 1.87x |
| Occupancy | 100% | 99% |
| Net operating income (annualized from 6 months) | $871K | $1.1M |
| Debt yield | 13.6% |
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 2025-5YR13 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 25% above the underwritten figure ($1.1M a year against $871K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.51x at securitization to 1.87x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $8.0M | Current | No | 1.87x | 99% |
| August 2026 | $8.0M | Current | No | 1.87x | 99% |
| July 2026 | $8.0M | Current | No | 1.96x | 99% |
| June 2026 | $8.0M | Current | No | 1.96x | 99% |
| May 2026 | $8.0M | Current | No | 1.96x | 99% |
| April 2026 | $8.0M | Late payment but less than 30 days delinquent | No | 1.60x | 99% |
| March 2026 | $8.0M | Current | No | 1.60x | 99% |
| February 2026 | $8.0M | Current | No | 1.60x | 99% |
| January 2026 | $8.0M | Current | No | 1.57x | 98% |
| December 2025 | $8.0M | Current | No | 1.57x | 98% |
| November 2025 | $8.0M | Current | No | 1.53x | 99% |
| October 2025 | $8.0M | Current | No | 1.53x | 99% |
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 |
|---|---|---|---|---|
| BANK5 2025-5YR13 | 24 | $7,950,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other North Carolina loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Hidden Valley North MHC | Burlington, NC | Manufactured housing | $5.1M | 6.111% | Feb 2030 | n/a | n/a | Current |
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.