Manufactured housing portfolio, 8 properties · Suffolk, Virginia
Magnolia Meadows Mobile Home Park
Public CMBS trusts hold $50.0M of the loan on this portfolio at 6.33% 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
- $50,000,000
- Original balance (same notes)
- $50,000,000
- Interest rate
- 6.33% fixed
- Originated
- May 6, 2026
- Maturity
- May 6, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- June 5, 2028
- Prepayment premium ends
- November 5, 2030 (yield maintenance)
- Master servicer
- Midland
- Originator
- Barclays Capital Real Estate Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 1161 Nansemond Parkway, Suffolk, VA 23434
- Metro
- Virginia Beach-Chesapeake-Norfolk, VA-NC
- Value at securitization
- $158.7M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income | $8.6M | n/a |
Watch flags
Computed from the Benchmark 2026-V23 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 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 |
|---|---|---|---|---|
| Magnolia Meadows Mobile Home Park | Suffolk, VA | Mobile Home Park | n/a | n/a |
| Woodshire Estates Mobile Home Park | Chesapeake, VA | Mobile Home Park | n/a | n/a |
| Windy Hills Mobile Home Park | Williamsburg, VA | Mobile Home Park | n/a | n/a |
| Twin Ponds Mobile Home Park | Windsor, VA | Mobile Home Park | n/a | n/a |
| Denbigh Mobile Home Park | Newport News, VA | Mobile Home Park | n/a | n/a |
| Windsor Manor Mobile Home Park | Windsor, VA | Mobile Home Park | n/a | n/a |
| Jones Creek Landing Mobile Home Park | Carrollton, VA | Mobile Home Park | n/a | n/a |
| Franklin 8-Pack | Williamsburg, VA | Mobile Home Park | n/a | n/a |
The last 4 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $50.0M | Current | No | n/a | n/a |
| August 2026 | $50.0M | Current | No | n/a | n/a |
| July 2026 | $25.0M | Current | No | n/a | n/a |
| June 2026 | $25.0M | 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
The loan is split into 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2026-5C42 | 6 | $25,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| Benchmark 2026-V23 Mortgage Trust | 11 | $25,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
Other Virginia Beach-Chesapeake-Norfolk loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Axis Apartments, Hampton | Hampton, VA | Multifamily | $27.0M | 3.85% | Nov 2031 | 2.16x | 99% | Current |
| Hampton Towne Centre | Hampton, VA | Retail | $22.1M | 6.783% | Feb 2031 | n/a | n/a | Current |
| Prime Storage | Williamsburg, VA | Self storage | $20.0M | 2.95% | Sep 2031 | n/a | n/a | Current |
| Virginia Portfolio | Hampton, VA | Multifamily | $15.3M | 6.46% | Oct 2031 | n/a | n/a | Current |
| Centerbrooke Self Storage | Suffolk, VA | Self storage | $9.5M | 3.60% | Oct 2031 | n/a | n/a | Current |
| 930 Providence Road | Norfolk, VA | Multifamily | $6.3M | 3.30% | Sep 2031 | n/a | n/a | Current |
| Warwick Self Storage | Newport News, VA | Self storage | $6.2M | 3.51% | Oct 2031 | n/a | n/a | Current |
| Walgreens - Newport News, Va | Newport News, VA | Retail | $5.1M | 4.66% | Apr 2031 | 1.86x | 100% | Current |
All loans maturing in 2031 · All Virginia Beach-Chesapeake-Norfolk 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.