Manufactured housing portfolio, 4 properties · Multiple locations
Kinetic MHP Portfolio
This portfolio is financed with a $7.3M CMBS loan at 6.65% that reaches maturity on February 1, 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
- $7,300,000
- Original balance (same notes)
- $7,300,000
- Interest rate
- 6.65% fixed
- Originated
- January 9, 2026
- Maturity
- February 1, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- January 31, 2028
- Prepayment premium ends
- July 31, 2030 (yield maintenance)
- Master servicer
- Trimont LLC
- Originator
- Morgan Stanley Bank, N.A.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Units, rooms or beds
- 249
- Value at securitization
- $10.1M (Sep 2025)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.23x | 1.25x |
| Occupancy | 80% | 90% |
| Net operating income (annualized from 6 months) | $603K | $617K |
| Debt yield | 8.5% |
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 BANK5 2026-5YR20 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 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.
What the filing shows
- Occupancy has risen from 80% when the loan was securitized to 90%.
The last 8 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $7.3M | Current | No | 1.25x | 90% |
| August 2026 | $7.3M | Current | No | n/a | n/a |
| July 2026 | $7.3M | Current | No | n/a | n/a |
| June 2026 | $7.3M | Current | No | n/a | n/a |
| May 2026 | $7.3M | Current | No | n/a | n/a |
| April 2026 | $7.3M | Current | No | n/a | n/a |
| March 2026 | $7.3M | Current | No | n/a | n/a |
| February 2026 | $7.3M | Current | No | 1.26x | 80% |
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 2026-5YR20 | 29 | $7,300,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other manufactured housing loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Southeast MHP Portfolio | Manufactured housing | $85.0M | 6.02% | May 2031 | n/a | n/a | Current | |
| Springlake | Warner Robins, GA | Manufactured housing | $80.0M | 6.02% | May 2031 | n/a | n/a | Current |
| Meadowcreek | Melrose Park, IL | Manufactured housing | $60.0M | 5.98% | Apr 2031 | n/a | n/a | Current |
| Franklin 8 Pack | VA | Manufactured housing | $54.0M | 6.33% | May 2031 | n/a | n/a | Current |
| Harbourtown | Vermilion, OH | Manufactured housing | $54.0M | 5.45% | Mar 2031 | n/a | n/a | Current |
| Magnolia Meadows Mobile Home Park | Suffolk, VA | Manufactured housing | $50.0M | 6.33% | May 2031 | n/a | n/a | Current |
| Sunshine Lake MHC Portfolio | Manufactured housing | $45.0M | 6.46% | Apr 2031 | n/a | n/a | Current | |
| COARE Fund I | Manufactured housing | $32.8M | 6.22% | Apr 2031 | 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.