Industrial · Carrollton, Kentucky
Drc Warehouse
Drc Warehouse is financed with a $3.2M CMBS loan at 5.83% that reaches maturity on April 6, 2028, in 17 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $3,153,000
- Original balance (same notes)
- $3,153,000
- Interest rate
- 5.83% fixed
- Originated
- March 10, 2023
- Maturity
- April 6, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ends
- November 5, 2027
- 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
- Address
- 3356 Us Highway 42 East, Carrollton, KY 41008
- Rentable area
- 75,469 sq ft
- Built
- 1992
- Largest tenants
- DRC Incorporated
- Value at securitization
- $5.7M (Oct 2022)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.27x | 2.55x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $424K | $478K |
| Debt yield | 15.2% |
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 2023-5YR1 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 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 13% above the underwritten figure ($478K a year against $424K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.27x at securitization to 2.55x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $3.2M | Current | No | 2.55x | 100% |
| August 2026 | $3.2M | Current | No | 2.55x | 100% |
| July 2026 | $3.2M | Current | No | 2.54x | 100% |
| June 2026 | $3.2M | Current | No | 2.54x | 100% |
| May 2026 | $3.2M | Current | No | 2.54x | 100% |
| April 2026 | $3.2M | Current | No | 2.49x | 100% |
| March 2026 | $3.2M | Current | No | 2.49x | 100% |
| February 2026 | $3.2M | Current | No | 2.48x | 100% |
| January 2026 | $3.2M | Current | No | 2.48x | 100% |
| December 2025 | $3.2M | Current | No | 2.48x | 100% |
| November 2025 | $3.2M | Current | No | 2.48x | 100% |
| October 2025 | $3.2M | Current | No | 2.48x | 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 2023-5YR1 | 24 | $3,153,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Kentucky loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Oxmoor Center | Louisville, KY | Retail | $90.0M | 8.12% | Jun 2028 | 1.56x | 99% | Current |
| 4813 Nashville Road | Bowling Green, KY | Industrial | $33.1M | 6.685% | May 2028 | n/a | n/a | With the special servicer and 60-89 days delinquent |
| Kohl's Nicholasville | Nicholasville, KY | Retail | $27.4M | 3.33% | May 2028 | n/a | n/a | Current |
| Dolwick Business Center | Erlanger, KY | Office | $22.1M | 4.744% | May 2028 | 1.73x | 85% | Current |
| Hopkinsville Towne Center | Hopkinsville, KY | Retail | $15.8M | 5.055% | Nov 2028 | n/a | n/a | Current |
| Woodland Commons SC | Elizabethtown, KY | Retail | $13.0M | 5.28% | Sep 2028 | 1.38x | 100% | Current |
| Capital Complex | Frankfort, KY | Office | $8.9M | 5.297% | Jul 2028 | 0.47x | 63% | With the special servicer and 90+ days delinquent |
| Eden Apartments | Louisville, KY | Multifamily | $7.6M | 6.625% | Jul 2028 | 1.50x | 90% | With the special servicer and 90+ days delinquent |
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.