Retail portfolio, 10 properties · Minot, North Dakota
Ladder NNN Portfolio
This portfolio is financed with a $21.8M CMBS loan at 7.05% that reaches maturity on August 6, 2031, in 4 years and 9 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $21,780,000
- Original balance (same notes)
- $21,780,000
- Interest rate
- 7.05% fixed
- Originated
- July 31, 2026
- Maturity
- August 6, 2031
- Payments
- Interest only for the full term
- Prepayment premium ends
- May 5, 2031 (yield maintenance)
- Master servicer
- Midland Loan Services
- Originator
- Ladder Capital Finance LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1905 22nd Avenue Southwest, Minot, ND 58701
- Value at securitization
- $29.0M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income | $2.1M | n/a |
Watch flags
Computed from the BMO 2026-5C16 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 |
|---|---|---|---|---|
| Ladder NNN Portfolio | Minot, ND | Retail | n/a | n/a |
| Associated Wholesale Grocers - Memphis | Memphis, TN | Retail | n/a | n/a |
| Walgreens - Hillard | Hilliard, OH | Retail | n/a | n/a |
| Walgreens - Niles | Niles, OH | Retail | n/a | n/a |
| Advance Auto Parts - Malone | Malone, NY | Retail | n/a | n/a |
| Dollar Tree - Family Dollar - Rural Retreat | Rural Retreat, VA | Retail | n/a | n/a |
| Dollar Tree - Family Dollar - Rose Hill | Rose Hill, NC | Retail | n/a | n/a |
| Dollar Tree - Family Dollar - Moultrie | Moultrie, GA | Retail | n/a | n/a |
| Dollar Tree - Family Dollar - Rockingham | Rockingham, NC | Retail | n/a | n/a |
| Dollar Tree - Family Dollar - Mount Vernon | Mount Vernon, AL | Retail | n/a | n/a |
The last 2 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $21.8M | Current | No | n/a | n/a |
| August 2026 | $21.8M | Payment not received but still in grace period or not yet due | 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 2026-5C16 Mortgage Trust | 15 | $21,780,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other North Dakota loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| The Wyatt at Northern Lights | Minot, ND | Multifamily | $22.8M | 4.34% | Jul 2031 | 2.61x | 97% | Current |
| Arrowhead Center | Minot, ND | Retail | $5.6M | 3.45% | Aug 2031 | 2.31x | 97% | 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.