Manufactured housing · Morristown, Tennessee
Liberty Hill MHC
Liberty Hill MHC is financed with a $3.3M CMBS loan at 9.30% that reaches maturity on October 6, 2028, in 23 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $3,250,198
- Original balance (same notes)
- $3,265,000
- Interest rate
- 9.30% fixed
- Originated
- September 28, 2023
- Maturity
- October 6, 2028
- Payments
- Interest only for 24 months, then amortizing
- Prepayment lockout ends
- July 5, 2028
- Originator
- LMF Commercial, LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1021 North Liberty Hill Road 1555 North Liberty Hill Road, Morristown, TN 37814
- Units, rooms or beds
- 167
- Built
- 1992
- Value at securitization
- $9.0M (May 2023)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.61x | 3.04x |
| Occupancy | 82% | 99% |
| Net operating income (annualized from 6 months) | $522K | $2.0M |
| Debt yield | 61.1% |
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 BBCMS Mortgage Trust 2023-C22 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 82% when the loan was securitized to 99%.
- Net operating income is 281% above the underwritten figure ($2.0M a year against $522K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.61x at securitization to 3.04x on the latest statements.
The last 11 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $3.3M | Current | No | 3.04x | 99% |
| August 2026 | $3.3M | Current | No | n/a | n/a |
| June 2026 | $3.3M | Current | No | n/a | n/a |
| May 2026 | $3.3M | Current | No | n/a | n/a |
| April 2026 | $3.3M | Current | No | 2.69x | 99% |
| March 2026 | $3.3M | Current | No | 2.69x | 99% |
| February 2026 | $3.3M | Current | No | 2.69x | 99% |
| January 2026 | $3.3M | Current | No | 2.96x | 99% |
| December 2025 | $3.3M | Current | No | 2.96x | 99% |
| November 2025 | $3.3M | Current | No | 2.87x | 99% |
| October 2025 | $3.3M | Current | No | 2.87x | 99% |
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 2023-C22 | 28 | $3,250,198 | Sep 2026 | SEC filing, September 29, 2026 |
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.