Retail · Cape Coral, Florida
Coral Walk
Coral Walk is financed with a $20.3M CMBS loan at 7.26% that reaches maturity on December 1, 2028, in 2 years and 1 month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $20,250,000
- Original balance (same notes)
- $20,250,000
- Interest rate
- 7.26% fixed
- Originated
- November 14, 2023
- Maturity
- December 1, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ended
- December 31, 2025
- Prepayment premium ends
- August 31, 2028 (yield maintenance)
- Master servicer
- Trimont LLC
- Originator
- MSBNA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 1760-1910 Northeast Pine Island Road, Cape Coral, FL 33909
- Metro
- Cape Coral-Fort Myers, FL
- Rentable area
- 115,753 sq ft
- Built
- 2007
- Largest tenants
- Burlington Coat Factory; Sprouts Farmers Market; Olive Garden
- Value at securitization
- $30.0M (Sep 2023)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.43x | 1.47x |
| Occupancy | 100% | 95% |
| Net operating income (annualized from 6 months) | $2.1M | $2.2M |
| Debt yield | 10.9% |
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 2024-5YR5 filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 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 fallen from 100% when the loan was securitized to 95%.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $20.3M | Current | No | 1.47x | 95% |
| August 2026 | $20.3M | Current | No | 1.49x | 99% |
| July 2026 | $20.3M | Current | No | 1.49x | 99% |
| June 2026 | $20.3M | Current | No | 1.49x | 99% |
| May 2026 | $20.3M | Current | No | 1.48x | 99% |
| April 2026 | $20.3M | Current | No | 1.48x | 99% |
| March 2026 | $20.3M | Current | No | 1.48x | 99% |
| February 2026 | $20.3M | Current | No | 1.52x | 100% |
| January 2026 | $20.3M | Current | No | 1.52x | 100% |
| December 2025 | $20.3M | Current | No | 1.52x | 100% |
| November 2025 | $20.3M | Current | No | 1.50x | 100% |
| October 2025 | $20.3M | Current | No | 1.50x | 100% |
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 2024-5YR5 | 12 | $20,250,000 | Sep 2026 | SEC filing, October 1, 2026 |
Other Cape Coral-Fort Myers loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Market Square | Fort Myers, FL | Retail | $7.7M | 5.36% | Nov 2028 | 1.42x | 100% | Current |
All loans maturing in 2028 · All Cape Coral-Fort Myers 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.