Manufactured housing · Ceres, California
Las Casitas MHP
Las Casitas MHP is financed with a $14.3M CMBS loan at 6.838% that reaches maturity on May 6, 2031, in 4 years and 6 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $14,280,000
- Original balance (same notes)
- $14,280,000
- Interest rate
- 6.838% fixed
- Originated
- April 28, 2026
- Maturity
- May 6, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- June 5, 2028
- Prepayment premium ends
- January 5, 2031 (yield maintenance)
- Master servicer
- Midland
- Originator
- Starwood Mortgage Capital LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 2841 Fowler Road, Ceres, CA 95307
- Metro
- Modesto, CA
- Units, rooms or beds
- 180
- Built
- 1972
- Value at securitization
- $26.1M (Feb 2026)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.26x | n/a |
| Occupancy | 100% | n/a |
| Net operating income | $1.2M | n/a |
Watch flags
Computed from the BBCMS Mortgage Trust 2026-5C42 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.
The last 4 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $14.3M | Current | No | n/a | n/a |
| August 2026 | $14.3M | Current | No | n/a | n/a |
| July 2026 | $14.3M | Current | No | n/a | n/a |
| June 2026 | $14.3M | 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 |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2026-5C42 | 17 | $14,280,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Modesto loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Spring Glen Apartments | Modesto, CA | Multifamily | $7.1M | 3.596% | Jan 2031 | n/a | n/a | Current |
| Thrive Living Home Apartments | Ceres, CA | Multifamily | $6.0M | 4.522% | Apr 2031 | 1.53x | 100% | Current |
| Storage Star Modesto | Modesto, CA | Self storage | $4.7M | 4.181% | May 2031 | 1.80x | 80% | Current |
| Security Public Storage - Ceres | Ceres, CA | Self storage | $4.3M | 3.56% | Sep 2031 | 1.39x | 85% | 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.