Manufactured housing portfolio, 3 properties · Multiple locations
Evoke MHC 3 Pack
This portfolio is financed with a $4.0M CMBS loan at 6.886% that reaches maturity on October 6, 2031, in 4 years and 11 months. As of the Nov 2026 servicer report its status is current.
The loan
- Balance in tracked trusts
- $4,020,000
- Original balance (same notes)
- $4,020,000
- Interest rate
- 6.886% fixed
- Originated
- October 2, 2026
- Maturity
- October 6, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- November 5, 2028
- Prepayment premium ends
- July 5, 2031 (yield maintenance)
- Master servicer
- Trimont LLC
- Originator
- German American Capital Corporation
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Units, rooms or beds
- 108
- Value at securitization
- $7.0M (Aug 2026)
Performance
| Measure | At securitization | Latest |
|---|---|---|
| DSCR (NOI) | 1.35x | n/a |
| Occupancy | 93% | n/a |
| Net operating income | $379K | n/a |
Comparable loans: manufactured housing properties in Multiple locations, with NOI, occupancy and value.
Watch flags
Computed from the Benchmark 2026-V24 Mortgage Trust filing for the reporting period ending November 12, 2026, filed with the SEC October 26, 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.
Who is behind this loan
- Non-recourse carveout guarantor
- Shown with Pro
- Sponsor
- Shown with Pro
Source: SEC Form 424B2 prospectus, Annex A-1, filed Nov 2026.
Refinance and early payoff, at today's rates
This estimate uses today's Treasury curve and needs JavaScript.
Rough estimates, not quotes. New loan: the filed NOI divided by the coverage you set, at the Treasury yield for the term plus your spread. Early payoff: the present value of the remaining scheduled payments to the open date at today's Treasury yields, less the balance, which is roughly what defeasance or yield maintenance costs. Loan documents, fees and the securities bought change the real number. Treasury yields: U.S. Treasury daily par curve.
Where the loan sits
One trust holds this loan in the data.
| Trust | Asset no. in that trust | Balance | Report period | Source |
|---|---|---|---|---|
| Benchmark 2026-V24 Mortgage Trust | 38 | $4,020,000 | Nov 2026 | SEC filing, October 26, 2026 |
Other manufactured housing loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Magnolia Meadows Mobile Home Park and 7 other properties | Suffolk, VA | Manufactured housing | $104.0M | 6.33% | May 2031 | n/a | n/a | Current |
| Southeast MHP Portfolio | 37 properties | Manufactured housing | $85.0M | 6.02% | May 2031 | 1.30x | n/a | Current |
| Springlake and 36 other properties | Warner Robins, GA | Manufactured housing | $80.0M | 6.02% | May 2031 | n/a | n/a | Current |
| Meadowcreek and 3 other properties | Melrose Park, IL | Manufactured housing | $60.0M | 5.98% | Apr 2031 | n/a | n/a | Current |
| Harbourtown and 14 other properties | Vermilion, OH | Manufactured housing | $54.0M | 5.45% | Mar 2031 | n/a | n/a | Current |
| Sunshine Lake MHC Portfolio | 18 properties | Manufactured housing | $45.0M | 6.46% | Apr 2031 | 1.33x | 78% | Current |
| COARE Fund I | 5 properties | Manufactured housing | $32.8M | 6.22% | Apr 2031 | 1.27x | n/a | Current |
| Garlic Farms MHC | Gilroy, CA | Manufactured housing | $22.0M | 6.53% | Jul 2031 | 1.24x | 96% | Current |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending November 12, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.