Manufactured housing · Plattsburgh, New York
Collins Mhc & Underwood Estates
Collins Mhc & Underwood Estates is financed with a $2.0M CMBS loan at 5.085% that reaches maturity on November 6, 2027, in 12 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer and 90+ days delinquent.
The loan
- Balance in tracked trusts
- $2,026,456
- Original balance (same notes)
- $2,250,000
- Interest rate
- 5.085% fixed
- Originated
- November 2, 2017
- Maturity
- November 6, 2027
- Payments
- Amortizing over 30 years
- Prepayment lockout ended
- January 5, 2020
- Master servicer
- Trimont LLC
- Originator
- Starwood Mortgage Capital LLC
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred February 23, 2024
- Workout strategy
- REO
- Defeasance
- Partly defeased
The property
- Address
- 53 Main Mill Street & Underwood Avenue, Plattsburgh, NY 12901
- Units, rooms or beds
- 107
- Built
- 1970
- Value at securitization
- $3.3M (Oct 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.49x | -0.50x |
| Occupancy | 91% | n/a |
| Net operating income (annualized from 6 months) | $218K | $-74K |
| Debt yield | -3.6% |
Debt yield here is the latest NOI divided by the balance held in the trusts below. If part of the loan sits outside them, the true figure is lower.
Watch flags
Computed from the Wells Fargo Commercial Mortgage Trust 2017-C42 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- NOI down 20% or more from securitization
On the cmbs.news watch list in all 12 monthly reports we hold (October 2025 to September 2026).
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
What the filing shows
- Net operating income is 134% below the underwritten figure ($-74K a year against $218K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.49x at securitization to -0.50x on the latest statements.
- At -0.50x, the property's reported NOI does not cover its debt service.
- The most recent valuation in the filing is $1.5M (February 9, 2026), against $3.3M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $2.0M | 90+ days delinquent | Yes | -0.50x | n/a |
| August 2026 | $2.0M | 90+ days delinquent | Yes | -0.34x | 64% |
| July 2026 | $2.0M | 90+ days delinquent | Yes | -0.34x | 64% |
| June 2026 | $2.0M | 90+ days delinquent | Yes | -0.01x | 1% |
| May 2026 | $2.0M | 90+ days delinquent | Yes | -0.01x | 1% |
| April 2026 | $2.0M | 90+ days delinquent | Yes | -0.01x | 1% |
| March 2026 | $2.0M | 90+ days delinquent | Yes | -0.01x | 1% |
| February 2026 | $2.0M | 90+ days delinquent | Yes | 0.85x | 66% |
| January 2026 | $2.0M | 90+ days delinquent | Yes | 0.85x | 66% |
| December 2025 | $2.0M | 90+ days delinquent | Yes | 0.85x | 66% |
| November 2025 | $2.0M | 90+ days delinquent | Yes | 0.85x | 66% |
| October 2025 | $2.0M | 90+ days delinquent | Yes | 0.85x | 66% |
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.
Special-servicing history
- Transferred to the special servicer February 23, 2024, still there.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2017-C42 | 36 | $2,026,456 | Sep 2026 | SEC filing, September 29, 2026 |
Other New York loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| General Motors Building | New York, NY | Mixed use | $726.3M | 3.43% | Jun 2027 | 2.58x | 99% | Current |
| 245 Park Avenue | New York, NY | Office | $700.0M | 3.669% | Jun 2027 | 2.08x | 97% | Current |
| Yorkshire Towers | New York, NY | Multifamily | $318.0M | 3.04% | Jun 2027 | n/a | n/a | Current |
| Olympic Tower | New York, NY | Mixed use | $280.0M | 3.954% | May 2027 | n/a | n/a | Current |
| 85 Broad Street | New York, NY | Office | $241.0M | 3.693% | Jun 2027 | 2.28x | 62% | With the special servicer |
| 225 & 233 Park Avenue South | New York, NY | Office | $235.0M | 3.651% | Jun 2027 | -0.14x | 29% | Current |
| Worldwide Plaza | New York, NY | Office | $235.0M | 3.605% | Nov 2027 | 1.49x | 62% | With the special servicer and 90+ days delinquent |
| 237 Park Avenue | New York, NY | Office | $215.4M | 3.752% | Aug 2027 | 3.71x | 89% | 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.