Manufactured housing · Longview, Washington
Del Ray II Mhp
Del Ray II Mhp is financed with a $13.0M CMBS loan at 5.806% that reaches maturity on September 11, 2032, in 5 years and 10 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
- $13,000,000
- Original balance (same notes)
- $13,000,000
- Interest rate
- 5.806% fixed
- Originated
- August 18, 2022
- Maturity
- September 11, 2032
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ends
- June 10, 2032
- Master servicer
- Trimont LLC
- Originator
- WFB
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred July 17, 2025
- Workout strategy
- TBD
- Defeasance
- None reported
The property
- Address
- 5600 Mt. Solo Road, Longview, WA 98632
- Units, rooms or beds
- 114
- Built
- 1966
- Value at securitization
- $21.8M (Apr 2022)
Performance
| At securitization | Latest (Sep 2024) | |
|---|---|---|
| DSCR (NOI) | 1.16x | 1.65x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 9 months) | $1.1M | $1.3M |
| Debt yield | 9.8% |
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 BANK 2022-BNK44 filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
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 19% above the underwritten figure ($1.3M a year against $1.1M; the latest statement covers 9 months, annualized).
- Debt service coverage moved from 1.16x at securitization to 1.65x on the latest statements.
- The most recent valuation in the filing is $16.0M (November 20, 2025), against $21.8M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $13.0M | 90+ days delinquent | Yes | 1.65x | 100% |
| August 2026 | $13.0M | 90+ days delinquent | Yes | 1.65x | 100% |
| July 2026 | $13.0M | 90+ days delinquent | Yes | 1.65x | 100% |
| June 2026 | $13.0M | 90+ days delinquent | Yes | 1.65x | 100% |
| May 2026 | $13.0M | 90+ days delinquent | Yes | 1.65x | 100% |
| April 2026 | $13.0M | 90+ days delinquent | Yes | 1.65x | 100% |
| March 2026 | $13.0M | 90+ days delinquent | Yes | 1.65x | 100% |
| February 2026 | $13.0M | 90+ days delinquent | Yes | 1.65x | 100% |
| January 2026 | $13.0M | 90+ days delinquent | Yes | 1.65x | 100% |
| December 2025 | $13.0M | 90+ days delinquent | Yes | 1.65x | 100% |
| November 2025 | $13.0M | 90+ days delinquent | Yes | 1.65x | 100% |
| October 2025 | $13.0M | 90+ days delinquent | Yes | 1.65x | 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.
Special-servicing history
- Transferred to the special servicer July 17, 2025, 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 |
|---|---|---|---|---|
| BANK 2022-BNK44 | 26 | $13,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
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.