Manufactured housing · Reedsport, Oregon
Highland Mhp
Highland Mhp is financed with a $1.2M CMBS loan at 5.58% that reaches maturity on January 11, 2027, in 2 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $1,202,999
- Original balance (same notes)
- $1,425,000
- Interest rate
- 5.58% fixed
- Originated
- December 15, 2016
- Maturity
- January 11, 2027
- Payments
- Amortizing over 30 years
- Master servicer
- Trimont LLC
- Originator
- CIIICM
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 3000 Frontage Road, Reedsport, OR 97467
- Units, rooms or beds
- 74
- Built
- 1962, renovated 2015
- Value at securitization
- $2.0M (Nov 2016)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.34x | 2.35x |
| Occupancy | 96% | 98% |
| Net operating income (annualized from 3 months) | $131K | $233K |
| Debt yield | 19.4% |
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 Wells Fargo Commercial Mortgage Trust 2017-RC1 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Matures within 12 months
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 78% above the underwritten figure ($233K a year against $131K; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.34x at securitization to 2.35x on the latest statements.
The last 11 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $1.2M | Current | No | 2.35x | 98% |
| August 2026 | $1.2M | Current | No | 2.35x | 98% |
| July 2026 | $1.2M | Current | No | 2.35x | 98% |
| June 2026 | $1.2M | Current | No | 2.35x | 98% |
| May 2026 | $1.2M | Current | No | 2.52x | 98% |
| April 2026 | $1.2M | Current | No | 2.52x | 98% |
| March 2026 | $1.2M | Current | No | 2.52x | 98% |
| February 2026 | $1.2M | Current | No | 2.52x | 98% |
| December 2025 | $1.2M | Current | No | 2.53x | 98% |
| November 2025 | $1.2M | Late payment but less than 30 days delinquent | No | 2.54x | 94% |
| October 2025 | $1.2M | Current | No | 2.54x | 94% |
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 |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2017-RC1 | 58 | $1,202,999 | Sep 2026 | SEC filing, September 29, 2026 |
Other Oregon loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Cascade Village | Bend, OR | Retail | $44.4M | 4.65% | Mar 2027 | 1.50x | 93% | Current |
| 2020 Southwest 4th Avenue | Portland, OR | Office | $44.3M | 3.961% | Dec 2027 | 2.24x | 69% | Current |
| Hotel Eastlund | Portland, OR | Hotel | $36.7M | 4.98% | Mar 2027 | 0.75x | 65% | With the special servicer and 90+ days delinquent |
| Oregon City Shopping Center | Oregon City, OR | Retail | $22.5M | 4.30% | Jun 2027 | 2.00x | 80% | Current |
| 5th Street Public Market | Eugene, OR | Mixed use | $19.7M | 4.62% | Nov 2027 | 1.52x | 96% | Current |
| Plaza Ashland | Ashland, OR | Hotel | $10.4M | 4.97% | Jan 2027 | 1.52x | 48% | Current |
| Dorian Apartments | Portland, OR | Multifamily | $10.2M | 4.783% | Nov 2027 | 0.61x | 90% | Current |
| Cascade Building | Portland, OR | Mixed use | $10.0M | 3.645% | Oct 2027 | 0.42x | 42% | With the special servicer |
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.