Self storage portfolio, 2 properties · Havelock, North Carolina
Main Street Self Storage
This portfolio is financed with a $3.5M CMBS loan at 6.85% that reaches maturity on October 6, 2032, in 5 years and 11 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $3,550,000
- Original balance (same notes)
- $3,550,000
- Interest rate
- 6.85% fixed
- Originated
- October 5, 2022
- Maturity
- October 6, 2032
- Payments
- Interest only for the full term
- Prepayment lockout ends
- June 5, 2032
- Master servicer
- Midland Loan Services
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 238, 240, and 242 E Main Street, Havelock, NC 28532
- Value at securitization
- $7.3M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income (annualized from 6 months) | $380K | $551K |
| Debt yield | 15.5% |
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 BMO 2023-C4 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 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 45% above the underwritten figure ($551K a year against $380K; the latest statement covers 6 months, annualized).
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| Main Street Self Storage | Havelock, NC | Self Storage | 61% | 1.25x |
| Island Storage | Frisco, NC | Self Storage | 88% | 0.96x |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $3.5M | Current | No | 1.25x | 61% |
| August 2026 | $3.5M | Current | No | 1.28x | 61% |
| July 2026 | $3.5M | Current | No | 1.28x | 62% |
| June 2026 | $3.5M | Current | No | 1.28x | 62% |
| May 2026 | $3.5M | Current | No | n/a | n/a |
| April 2026 | $3.5M | Current | No | 1.40x | 62% |
| March 2026 | $3.5M | Current | No | 1.40x | 62% |
| February 2026 | $3.5M | Current | No | 1.22x | 65% |
| January 2026 | $3.5M | Current | No | 1.22x | 65% |
| December 2025 | $3.5M | Current | No | 1.22x | 65% |
| November 2025 | $3.5M | Late payment but less than 30 days delinquent | No | 1.31x | 67% |
| October 2025 | $3.5M | Current | No | 1.31x | 67% |
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 |
|---|---|---|---|---|
| BMO 2023-C4 Mortgage Trust | 45 | $3,550,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other North Carolina loans due in 2032
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Concord Mills | Concord, NC | Retail | $225.0M | 6.548% | Nov 2032 | 2.38x | 95% | Current |
| Poplin Place | Monroe, NC | Retail | $24.1M | 4.43% | Apr 2032 | 1.25x | 86% | Current |
| Hanes Commons Shopping Center | Winston-Salem, NC | Retail | $21.7M | 3.636% | Jan 2032 | 2.12x | 80% | Current |
| Creekside Plaza | Shelby, NC | Retail | $20.9M | 5.70% | Jun 2032 | n/a | n/a | Current |
| NC Self Storage Portfolio | Pittsboro, NC | Self storage | $16.9M | 5.313% | Jul 2032 | n/a | n/a | Current |
| Kewaunee Scientific | StatesvIlle, NC | Industrial | $16.6M | 4.95% | Apr 2032 | 2.38x | 100% | Current |
| New Bern Marketplace | New Bern, NC | Retail | $14.7M | 4.992% | May 2032 | 2.03x | 100% | Current |
| Raleigh GSA | Raleigh, NC | Office | $12.9M | 3.71% | Jan 2032 | 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.