Self storage portfolio, 2 properties · Multiple locations
Compass Sunbelt Storage Portfolio
This portfolio is financed with a $11.8M CMBS loan at 6.35% that reaches maturity on September 6, 2030, in 3 years and 10 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $11,800,000
- Original balance (same notes)
- $11,800,000
- Interest rate
- 6.35% fixed
- Originated
- September 4, 2025
- Maturity
- September 6, 2030
- Payments
- Interest only for the full term
- Prepayment lockout ends
- March 5, 2030
- Master servicer
- Trimont LLC
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Units, rooms or beds
- 1,300
- Value at securitization
- $18.2M
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.44x | 1.70x |
| Occupancy | 93% | 98% |
| Net operating income (annualized from 6 months) | $1.1M | $1.3M |
| Debt yield | 11.0% |
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 2025-V18 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
- Occupancy has risen from 93% when the loan was securitized to 98%.
- Net operating income is 19% above the underwritten figure ($1.3M a year against $1.1M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.44x at securitization to 1.70x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $11.8M | Current | No | 1.70x | 98% |
| August 2026 | $11.8M | Current | No | n/a | n/a |
| July 2026 | $11.8M | Current | No | n/a | n/a |
| June 2026 | $11.8M | Current | No | n/a | n/a |
| May 2026 | $11.8M | Current | No | n/a | n/a |
| April 2026 | $11.8M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| March 2026 | $11.8M | Current | No | n/a | n/a |
| February 2026 | $11.8M | Current | No | n/a | n/a |
| January 2026 | $11.8M | Current | No | n/a | n/a |
| December 2025 | $11.8M | Current | No | n/a | n/a |
| November 2025 | $11.8M | Current | No | n/a | n/a |
| October 2025 | $11.8M | 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 2025-V18 Mortgage Trust | 33 | $11,800,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other self storage loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Etude Self Storage West Coast Portfolio | Self storage | $115.2M | 6.025% | Sep 2030 | 1.38x | 88% | Current | |
| 8321 Pines Boulevard | Pembroke Pines, FL | Self storage | $86.7M | 6.122% | Dec 2030 | n/a | n/a | Current |
| Capital Storage Portfolio | Self storage | $80.0M | 5.808% | Oct 2030 | 1.36x | 92% | Current | |
| Caldera Property | Midland, TX | Self storage | $77.1M | 6.135% | Feb 2030 | n/a | n/a | Current |
| 38 Swampscott Road | Salem, MA | Self storage | $67.5M | 6.741% | Mar 2030 | n/a | n/a | Current |
| 5712 Old River | Old River Winfree, TX | Self storage | $60.0M | 5.808% | Oct 2030 | n/a | n/a | Current |
| Saban Self Storage Portfolio | Self storage | $60.0M | 3.22% | Apr 2030 | 4.28x | 85% | Current | |
| Waynesboro | Waynesboro, PA | Self storage | $58.0M | 6.55% | 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.