Manufactured housing portfolio, 5 properties · Pigeon Forge, Tennessee
Island Estates I
This portfolio is financed with a $5.5M CMBS loan at 5.905% that reaches maturity on September 6, 2032, in 5 years and 10 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $5,504,392
- Original balance (same notes)
- $5,800,000
- Interest rate
- 5.905% fixed
- Originated
- August 19, 2022
- Maturity
- September 6, 2032
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- June 5, 2032
- Master servicer
- Midland
- Originator
- Starwood Mortgage Capital LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 904 Trotter Way & 2149 Ridge Road, Pigeon Forge, TN 37863
- Value at securitization
- $11.4M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income | $682K | n/a |
Watch flags
Computed from the BMO 2022-C3 Mortgage Trust 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.
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| Island Estates I | Pigeon Forge, TN | Mobile Home Park | n/a | n/a |
| Cove Lake South | Caryville, TN | Mobile Home Park | n/a | n/a |
| Midtown Estates | Harriman, TN | Mobile Home Park | n/a | n/a |
| Island Estates Ii | Sevierville, TN | Mobile Home Park | n/a | n/a |
| Cove Lake North | Caryville, TN | Mobile Home Park | n/a | n/a |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $5.5M | Current | No | n/a | n/a |
| August 2026 | $5.5M | Current | No | n/a | n/a |
| July 2026 | $5.5M | Current | No | n/a | n/a |
| June 2026 | $5.5M | Current | No | n/a | n/a |
| May 2026 | $5.5M | Current | No | n/a | n/a |
| April 2026 | $5.5M | Current | No | 2.30x | 100% |
| March 2026 | $5.5M | Current | No | 2.30x | 100% |
| February 2026 | $5.6M | Current | No | 2.30x | 100% |
| January 2026 | $5.6M | Current | No | 2.30x | 100% |
| December 2025 | $5.6M | Current | No | 2.30x | 100% |
| November 2025 | $5.6M | Current | No | 2.30x | 100% |
| October 2025 | $5.6M | Current | No | n/a | 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 |
|---|---|---|---|---|
| BMO 2022-C3 Mortgage Trust | 35 | $5,504,392 | Sep 2026 | SEC filing, October 2, 2026 |
Other Tennessee loans due in 2032
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Memphis, TN | Memphis, TN | Industrial | $75.0M | 6.117% | Oct 2032 | n/a | n/a | Current |
| The Shoppes at Hamilton Place | Chattanooga, TN | Retail | $64.0M | 5.85% | Jun 2032 | n/a | n/a | Current |
| 80 Monroe Avenue | Memphis, TN | Office | $40.2M | 5.13% | May 2032 | n/a | n/a | Current |
| The Shoppes at Eagle Point | Cookeville, TN | Retail | $37.4M | 5.40% | May 2032 | 1.50x | 100% | Current |
| ClearHome Self Storage - Sycamore | Collierville, TN | Self storage | $25.0M | 4.02% | Feb 2032 | n/a | n/a | Current |
| Germantown Village Square | Germantown, TN | Retail | $24.8M | 5.525% | Sep 2032 | n/a | n/a | Current |
| Rml Waterstone | Knoxville, TN | Multifamily | $23.5M | 2.695% | Jan 2032 | 4.52x | 81% | Current |
| LaFollette, TN | La Follette, TN | Self storage | $19.6M | 5.07% | Apr 2032 | n/a | n/a | 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.