Retail · Locust Grove, Georgia
Locust Grove Village
Locust Grove Village is financed with a $5.7M CMBS loan at 7.62% that reaches maturity on October 1, 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
- $5,700,000
- Original balance (same notes)
- $5,700,000
- Interest rate
- 7.62% fixed
- Originated
- September 29, 2023
- Maturity
- October 1, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ends
- March 31, 2028
- Master servicer
- Trimont LLC
- Originator
- Morgan Stanley Mortgage Capital Holdings LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 4914-4960 Bill Gardner Parkway, Locust Grove, GA 30248
- Metro
- Atlanta-Sandy Springs-Roswell, GA
- Rentable area
- 111,250 sq ft
- Built
- 2002, renovated 2012
- Largest tenants
- INGLES; Koji Restaurant; QC Nails
- Value at securitization
- $15.0M (Jul 2023)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.14x | 2.39x |
| Occupancy | 98% | 99% |
| Net operating income (annualized from 6 months) | $944K | $1.1M |
| Debt yield | 18.6% |
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 BANK5 2023-5YR4 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
- Net operating income is 12% above the underwritten figure ($1.1M a year against $944K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.14x at securitization to 2.39x on the latest statements.
- The filing gives Feb 2028 as the lease end date for the largest tenant (INGLES), before the loan matures. Lenders look hard at that rollover.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $5.7M | Current | No | 2.39x | 99% |
| August 2026 | $5.7M | Current | No | 2.39x | 99% |
| July 2026 | $5.7M | Current | No | 2.39x | 99% |
| June 2026 | $5.7M | Current | No | 3.49x | 99% |
| May 2026 | $5.7M | Current | No | 3.49x | 99% |
| April 2026 | $5.7M | Current | No | 2.00x | 99% |
| March 2026 | $5.7M | Current | No | 2.00x | 99% |
| February 2026 | $5.7M | Current | No | 1.87x | 99% |
| January 2026 | $5.7M | Current | No | 1.87x | 99% |
| December 2025 | $5.7M | Current | No | 1.87x | 99% |
| November 2025 | $5.7M | Current | No | 1.87x | 99% |
| October 2025 | $5.7M | Current | No | 2.14x | 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 |
|---|---|---|---|---|
| BANK5 2023-5YR4 | 23 | $5,700,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Atlanta-Sandy Springs-Roswell loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Cumberland Mall | Atlanta, GA | Retail | $180.0M | 7.87% | May 2028 | 1.68x | 98% | Current |
| 1025 Lenox Park | Atlanta, GA | Office | $75.0M | 7.913% | Oct 2028 | n/a | n/a | Current |
| The Prado | Sandy Springs, GA | Retail | $42.0M | 8.80% | Dec 2028 | 1.12x | 90% | Current |
| Hilton Garden Inn Atlanta Downtown | Atlanta, GA | Hotel | $39.5M | 8.39% | Nov 2028 | 2.07x | 77% | Current |
| Perimeter Square | Atlanta, GA | Retail | $35.0M | 5.545% | Nov 2028 | 1.67x | 100% | Current |
| 1000 Windward Concourse | Alpharetta, GA | Office | $29.7M | 4.995% | Nov 2028 | 0.58x | 43% | Current |
| Embassy Suites Atlanta Airport | Atlanta, GA | Hotel | $29.2M | 4.97% | Sep 2028 | 1.59x | 70% | Current |
| Embassy Suites Kennesaw | Kennesaw, GA | Hotel | $27.8M | 5.33% | Jul 2028 | 1.89x | 83% | Current |
All loans maturing in 2028 · All Atlanta-Sandy Springs-Roswell loans
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.