Multifamily · Saint Paul, Minnesota
Midline Apartments
Midline Apartments is financed with a $20.2M CMBS loan at 5.948% that reaches maturity on April 6, 2031, in 4 years and 5 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $20,200,000
- Original balance (same notes)
- $20,200,000
- Interest rate
- 5.948% fixed
- Originated
- March 16, 2026
- Maturity
- April 6, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- September 5, 2028
- Prepayment premium ends
- October 5, 2030 (yield maintenance)
- Master servicer
- Midland Loan Services
- Originator
- Natixis Real Estate Capital LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 2227 University Avenue, Saint Paul, MN 55114
- Metro
- Minneapolis-St. Paul-Bloomington, MN-WI
- Units, rooms or beds
- 154
- Built
- 2021
- Largest tenants
- Unknown
- Value at securitization
- $29.3M (Jan 2026)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.26x | 1.10x |
| Occupancy | 94% | 86% |
| Net operating income | $1.5M | $1.3M |
| Debt yield | 6.6% |
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 D2-Natixis Multifamily Mortgage Trust 2026-M1 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 fallen from 94% when the loan was securitized to 86%.
- Net operating income is 12% below the underwritten figure ($1.3M a year against $1.5M).
- Debt service coverage moved from 1.26x at securitization to 1.10x on the latest statements.
The last 2 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $20.2M | Current | No | 1.10x | 86% |
| August 2026 | $20.2M | 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 |
|---|---|---|---|---|
| D2-Natixis Multifamily Mortgage Trust 2026-M1 | 10 | $20,200,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Minneapolis-St. Paul-Bloomington loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 10 West End | St. Louis Park, MN | Office | $78.0M | 6.75% | Jul 2031 | n/a | n/a | Current |
| The 511 Building | MN | Other | $50.0M | 5.68% | Aug 2031 | n/a | n/a | Current |
| U-Haul Moving & Storage at Coon Rapids | Coon Rapids, MN | Self storage | $31.9M | 2.59% | Jul 2031 | n/a | n/a | Current |
| Berkshire Corporate Center | Plymouth, MN | Industrial | $25.6M | 3.559% | May 2031 | 3.23x | 86% | Current |
| Mills Fleet Farm Brooklyn Ranch | Brooklyn Park, MN | Retail | $23.0M | 3.71% | Nov 2031 | 3.06x | 100% | Current |
| Luna Apartments | Minneapolis, MN | Multifamily | $14.0M | 3.91% | Jan 2031 | n/a | n/a | Current |
| Mills Fleet Farm Carver | Carver, MN | Retail | $13.9M | 3.88% | Dec 2031 | 2.95x | 100% | Current |
| Nox Apartments | Minneapolis, MN | Multifamily | $13.2M | 5.721% | Jun 2031 | n/a | n/a | Current |
All loans maturing in 2031 · All Minneapolis-St. Paul-Bloomington 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.