Manufactured housing · Clyde, Ohio
Evoke MHC Ohio
203 Midvale Avenue, Clyde, OH · Google Maps
Evoke MHC Ohio is financed with a $2.3M CMBS loan at 7.002% that reaches maturity on September 6, 2031, in 4 years and 10 months. As of the Nov 2026 servicer report its status is current.
The loan
- Balance in tracked trusts
- $2,340,000
- Original balance (same notes)
- $2,340,000
- Interest rate
- 7.002% fixed
- Originated
- August 31, 2026
- Maturity
- September 6, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- September 5, 2028
- Prepayment premium ends
- May 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
- Address
- 203 Midvale Avenue, Clyde, OH 43410
- Units, rooms or beds
- 51
- Built
- 1960
- Value at securitization
- $3.6M (Jun 2026)
Performance
| Measure | At securitization | Latest |
|---|---|---|
| DSCR (NOI) | 1.37x | n/a |
| Occupancy | 100% | n/a |
| Net operating income | $228K | n/a |
Comparable loans: manufactured housing properties in Ohio, 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.
Operating statement
| Annual | At securitization | Latest | Per unit |
|---|---|---|---|
| Revenue | $321K | n/a | |
| Operating expenses | $93K | n/a | |
| Net operating income | $228K | n/a | |
| Net cash flow | $225K | n/a | |
| Expense ratio | 29.0% | n/a |
From the servicer's Schedule AL report; 51 units.
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 | 43 | $2,340,000 | Nov 2026 | SEC filing, October 26, 2026 |
Other Ohio loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Fortune 7 Leased Campus | Columbus, OH | Office | $78.0M | 2.90% | May 2031 | 3.62x | 100% | Current |
| Summit Mall | Fairlawn, OH | Retail | $59.9M | 7.281% | Sep 2031 | 1.93x | 93% | Current |
| 9885 Innovation Campus | New Albany, OH | Industrial | $57.9M | 6.345% | Feb 2031 | n/a | 100% | Not reported |
| Harbourtown and 14 other properties | Vermilion, OH | Manufactured housing | $54.0M | 5.45% | Mar 2031 | n/a | n/a | Current |
| Midtown Towers | Parma, OH | Multifamily | $47.5M | 5.91% | Sep 2031 | n/a | n/a | Current |
| 175 Progress Place | Springdale, OH | Office | $42.1M | 3.82% | Apr 2031 | 2.63x | 92% | Current |
| Westchester Apartments | Austintown, OH | Multifamily | $38.0M | 6.85% | May 2031 | n/a | n/a | Current |
| City Line Cincinnati Pool B | OH | Self storage | $27.2M | 6.471% | Jul 2031 | 1.41x | 87% | 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.