Manufactured housing · Nebo, North Carolina
Lake James
5786 Benfields Landing Road, Nebo, NC · Google Maps
Lake James is financed with a $16.0M CMBS loan at 7.148% that reaches maturity on October 6, 2031, in 4 years and 11 months. As of the Nov 2026 servicer report its status is current.
The loan
- Balance in tracked trusts
- $16,000,000
- Original balance (same notes)
- $16,000,000
- Interest rate
- 7.148% fixed
- Originated
- September 18, 2026
- Maturity
- October 6, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- July 5, 2031
- Master servicer
- Trimont LLC
- Originator
- Barclays Capital Real Estate Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 5786 Benfields Landing Road, Nebo, NC 28761
- Units, rooms or beds
- 426
- Built
- 1970
- Value at securitization
- $24.3M (Aug 2026)
Performance
| Measure | At securitization | Latest |
|---|---|---|
| DSCR (NOI) | 1.42x | n/a |
| Occupancy | 91% | n/a |
| Net operating income | $1.6M | n/a |
Comparable loans: manufactured housing properties in North Carolina, with NOI, occupancy and value.
Watch flags
Computed from the Benchmark 2026-V24 Mortgage Trust filing for the reporting period ending November 12, 2026, filed with the SEC October 26, 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.
Who is behind this loan
- Non-recourse carveout guarantor and sponsor
- Shown with Pro
Source: SEC Form 424B2 prospectus, Annex A-1, filed Nov 2026.
Operating statement
| Annual | At securitization | Latest | Per unit |
|---|---|---|---|
| Revenue | $2.4M | n/a | |
| Operating expenses | $797K | n/a | |
| Net operating income | $1.6M | n/a | |
| Net cash flow | $1.6M | n/a | |
| Expense ratio | 32.7% | n/a |
From the servicer's Schedule AL report; 426 units.
Refinance and early payoff, at today's rates
This estimate uses today's Treasury curve and needs JavaScript.
Rough estimates, not quotes. New loan: the filed NOI divided by the coverage you set, at the Treasury yield for the term plus your spread. Early payoff: the present value of the remaining scheduled payments to the open date at today's Treasury yields, less the balance, which is roughly what defeasance or yield maintenance costs. Loan documents, fees and the securities bought change the real number. Treasury yields: U.S. Treasury daily par curve.
Where the loan sits
One trust holds this loan in the data.
| Trust | Asset no. in that trust | Balance | Report period | Source |
|---|---|---|---|---|
| Benchmark 2026-V24 Mortgage Trust | 17 | $16,000,000 | Nov 2026 | SEC filing, October 26, 2026 |
Other North Carolina loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Old Edwards Portfolio | Highlands, NC | Hotel | $135.0M | 7.089% | Sep 2031 | n/a | n/a | Current |
| Addison Ridge Phases I & III | Fayetteville, NC | Multifamily | $67.0M | 5.60% | Jan 2031 | 1.41x | n/a | Current |
| Harris Building | Charlotte, NC | Office | $64.0M | 6.367% | Apr 2031 | n/a | n/a | Current |
| Greenrock Estates | Charlotte, NC | Multifamily | $33.0M | 5.92% | Apr 2031 | n/a | n/a | Current |
| Forty 540 Ii | Morrisville, NC | Office | $30.7M | 6.877% | Feb 2031 | 2.01x | n/a | Current |
| Greensboro-High Point Marriott Airport | Greensboro, NC | Hotel | $23.0M | 7.79% | Jun 2031 | 1.64x | n/a | Current |
| Paragon Films Sale-Leaseback and 2 other properties | Taylorsville, NC | Industrial | $21.8M | 3.45% | Aug 2031 | n/a | n/a | Current |
| Dreamland Shopping Center | Asheville, NC | Retail | $20.0M | 3.356% | Aug 2031 | 3.53x | 83% | Current |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending November 12, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.