Multifamily · Phoenix, Arizona
Elevate at South Mountain
Elevate at South Mountain is financed with a $16.9M CMBS loan at 6.126% that reaches maturity on October 1, 2030, in 3 years and 11 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is late, less than 30 days.
The loan
- Balance in tracked trusts
- $16,850,000
- Original balance (same notes)
- $16,850,000
- Interest rate
- 6.126% fixed
- Originated
- September 19, 2025
- Maturity
- October 1, 2030
- Payments
- Interest only for the full term
- Prepayment lockout ends
- March 31, 2030
- Master servicer
- Trimont LLC
- Originator
- BANA
Status
- Payment status
- Late payment but less than 30 days delinquent (code B)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 8818 South Central Avenue, Phoenix, AZ 85042
- Metro
- Phoenix-Mesa-Chandler, AZ
- Units, rooms or beds
- 128
- Built
- 1986, renovated 2022
- Value at securitization
- $24.7M (Aug 2025)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.30x | n/a |
| Occupancy | 91% | n/a |
| Net operating income | $1.4M | n/a |
Watch flags
Computed from the Morgan Stanley Bank of America Merrill Lynch Trust 2025-5C2 filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 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.
The last 11 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $16.9M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| August 2026 | $16.9M | Current | No | n/a | n/a |
| July 2026 | $16.9M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| June 2026 | $16.9M | Current | No | n/a | n/a |
| May 2026 | $16.9M | Current | No | n/a | n/a |
| April 2026 | $16.9M | Current | No | n/a | n/a |
| March 2026 | $16.9M | Current | No | n/a | n/a |
| February 2026 | $16.9M | Current | No | n/a | n/a |
| January 2026 | $16.9M | Current | No | n/a | n/a |
| December 2025 | $16.9M | Current | No | n/a | n/a |
| November 2025 | $16.9M | Current | No | 1.23x | 91% |
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 |
|---|---|---|---|---|
| Morgan Stanley Bank of America Merrill Lynch Trust 2025-5C2 | 18 | $16,850,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other Phoenix-Mesa-Chandler loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Central Arts Plaza | Phoenix, AZ | Office | $63.0M | 6.73% | Nov 2030 | n/a | n/a | Current |
| U-Haul Moving & Storage of Mesa | Mesa, AZ | Self storage | $26.0M | 3.11% | Mar 2030 | n/a | n/a | Current |
| Bell Towne Centre | Phoenix, AZ | Retail | $24.1M | 3.521% | Dec 2030 | 2.50x | 95% | Current |
| Palmilla Center | Avondale, AZ | Retail | $19.9M | 6.216% | Dec 2030 | n/a | n/a | Current |
| Crossroads at Tolleson | Tolleson, AZ | Retail | $15.6M | 3.90% | Feb 2030 | 2.18x | 99% | Current |
| Landing At The Quarter | Scottsdale, AZ | Industrial | $15.6M | 3.717% | Jan 2030 | n/a | n/a | Current |
| Glendale Thunderbird Shopping Center | Glendale, AZ | Retail | $12.2M | 3.25% | Mar 2030 | 4.02x | 100% | Current |
| Augusta Ranch Marketplace | Mesa, AZ | Retail | $12.0M | 7.01% | Sep 2030 | n/a | n/a | Current |
All loans maturing in 2030 · All Phoenix-Mesa-Chandler 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.