Manufactured housing portfolio, 3 properties · Shipshewana, Indiana
Lakeside Manor MHC
This portfolio is financed with a $7.8M CMBS loan at 6.45% that reaches maturity on March 1, 2035, in 8 years and 4 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $7,800,000
- Original balance (same notes)
- $7,800,000
- Interest rate
- 6.45% fixed
- Originated
- February 12, 2025
- Maturity
- March 1, 2035
- Payments
- Interest only for the full term
- Prepayment lockout ends
- February 28, 2027
- Prepayment premium ends
- August 31, 2034 (yield maintenance)
- Master servicer
- Berkadia
- Originator
- Morgan Stanley Bank, N.A.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 8200 North 1150 West, Shipshewana, IN 46565
- Value at securitization
- $12.7M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income | $676K | n/a |
Watch flags
Computed from the BANK 2025-BNK49 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.
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| Lakeside Manor MHC | Shipshewana, IN | Mobile Home Park | n/a | n/a |
| Deer Creek Village MHC | Galveston, IN | Mobile Home Park | n/a | n/a |
| Russiaville MHC | Russiaville, IN | Mobile Home Park | n/a | n/a |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $7.8M | Current | No | n/a | n/a |
| August 2026 | $7.8M | Current | No | n/a | n/a |
| July 2026 | $7.8M | Current | No | n/a | n/a |
| June 2026 | $7.8M | Current | No | n/a | n/a |
| May 2026 | $7.8M | Current | No | n/a | n/a |
| April 2026 | $7.8M | Current | No | 1.44x | 93% |
| March 2026 | $7.8M | Current | No | 1.45x | 92% |
| February 2026 | $7.8M | Current | No | 1.45x | 92% |
| January 2026 | $7.8M | Current | No | 1.45x | 92% |
| December 2025 | $7.8M | Current | No | 1.45x | 92% |
| November 2025 | $7.8M | Current | No | n/a | n/a |
| October 2025 | $7.8M | 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 |
|---|---|---|---|---|
| BANK 2025-BNK49 | 29 | $7,800,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Indiana loans due in 2035
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Bloom Apartments | Bloomington, IN | Multifamily | $44.0M | 6.63% | Jan 2035 | 1.67x | 81% | Current |
| Infinite Self Storage - Nora | Indianapolis, IN | Self storage | $15.2M | 6.46% | Oct 2035 | n/a | n/a | Current |
| Infinite Self Storage - Broad Ripple | Indianapolis, IN | Self storage | $13.0M | 6.46% | Oct 2035 | n/a | n/a | Current |
| Hunter Quarry | Bloomington, IN | Multifamily | $9.4M | 7.267% | Feb 2035 | 0.89x | 78% | Current |
| MyPlace Storage - Hawthorn Park | Indianapolis, IN | Self storage | $7.4M | 6.51% | Sep 2035 | n/a | n/a | Current |
| Infinite Self Storage - Greenfield I | Greenfield, IN | Self storage | $6.1M | 6.46% | Oct 2035 | n/a | n/a | Current |
| Infinite Self Storage - Metropolis Parkway | Plainfield, IN | Self storage | $5.5M | 6.46% | Oct 2035 | n/a | n/a | Current |
| MyPlace Storage - W 10th Street | Indianapolis, IN | Self storage | $4.3M | 6.51% | Sep 2035 | 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.