Office · Morrisville, North Carolina
Forty 540 Ii
Forty 540 Ii is financed with a $30.7M CMBS loan at 6.877% that reaches maturity on February 11, 2031, in 4 years and 3 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $30,680,000
- Original balance (same notes)
- $30,680,000
- Interest rate
- 6.877% fixed
- Originated
- January 28, 2026
- Maturity
- February 11, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- February 10, 2027
- Prepayment premium ends
- August 10, 2030 (yield maintenance)
- Master servicer
- Trimont
- Originator
- Wells Fargo Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 710 Slater Road, Morrisville, NC 27560
- Metro
- Raleigh-Cary, NC
- Rentable area
- 198,500 sq ft
- Built
- 2021
- Largest tenants
- Renesas Electronic America Inc; N-Able Technologies, Inc; Synopsys, Inc
- Value at securitization
- $46.7M (Dec 2025)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 2.33x | n/a |
| Occupancy | 95% | n/a |
| Net operating income | $5.0M | n/a |
Watch flags
Computed from the BANK5 2026-5YR21 filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 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 6 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $30.7M | Current | No | n/a | n/a |
| August 2026 | $30.7M | Payment not received but still in grace period or not yet due | No | n/a | n/a |
| July 2026 | $30.7M | Current | No | n/a | n/a |
| June 2026 | $30.7M | Current | No | n/a | n/a |
| May 2026 | $30.7M | Current | No | n/a | n/a |
| April 2026 | $30.7M | Current | No | 2.01x | n/a |
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 2026-5YR21 | 12 | $30,680,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other Raleigh-Cary loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Massengills MHC | Clayton, NC | Manufactured housing | $12.4M | 4.10% | May 2031 | n/a | n/a | Current |
| Turner Farms Self Storage | Garner, NC | Self storage | $8.1M | 3.35% | Aug 2031 | 2.21x | 98% | Current |
| Storage Max - Holly Spring | Holly Springs, NC | Self storage | $6.5M | 3.181% | Sep 2031 | 2.84x | 87% | Current |
| Excess Self Storage | Knightdale, NC | Self storage | $5.7M | 3.615% | Jan 2031 | 2.20x | 82% | Current |
| Storage Max Brentwood | Raleigh, NC | Self storage | $3.7M | 4.155% | Apr 2031 | 3.77x | 87% | Current |
| Rvacation Rv Park | Selma, NC | Manufactured housing | $3.3M | 3.709% | Aug 2031 | 8.74x | 100% | Current |
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.