Manufactured housing portfolio, 10 properties · Multiple locations
My Place Communities MHC Portfolio
This portfolio is financed with a $13.0M CMBS loan at 7.669% that reaches maturity on December 1, 2028, in 2 years and 1 month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $13,000,000
- Original balance (same notes)
- $13,000,000
- Interest rate
- 7.669% fixed
- Originated
- November 3, 2023
- Maturity
- December 1, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ends
- August 31, 2028
- Master servicer
- Trimont LLC
- Originator
- Bank of America, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Units, rooms or beds
- 422
- Value at securitization
- $17.9M
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.27x | 1.87x |
| Occupancy | 82% | 80% |
| Net operating income (annualized from 3 months) | $1.3M | $1.9M |
| Debt yield | 14.5% |
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 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 47% above the underwritten figure ($1.9M a year against $1.3M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.27x at securitization to 1.87x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $13.0M | Current | No | 1.87x | 80% |
| August 2026 | $13.0M | Current | No | 1.87x | 80% |
| July 2026 | $13.0M | Current | No | 1.58x | 82% |
| June 2026 | $13.0M | Current | No | 1.58x | 82% |
| May 2026 | $13.0M | Current | No | 1.51x | 83% |
| April 2026 | $13.0M | Current | No | 1.51x | 83% |
| March 2026 | $13.0M | Current | No | 1.51x | 83% |
| February 2026 | $13.0M | Current | No | 1.51x | 83% |
| January 2026 | $13.0M | Current | No | 1.51x | 83% |
| December 2025 | $13.0M | Current | No | 1.51x | 83% |
| November 2025 | $13.0M | Current | No | 1.78x | 82% |
| October 2025 | $13.0M | Current | No | 1.78x | 82% |
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 | 19 | $13,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other manufactured housing loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Quality RV Resorts | TX | Manufactured housing | $58.2M | 4.848% | Jul 2028 | 1.80x | 83% | Current |
| River Valley MHC Portfolio | Las Vegas, NV | Manufactured housing | $33.1M | 4.91% | Aug 2028 | 1.70x | 92% | Current |
| Harford Village Mhc | Edgewood, MD | Manufactured housing | $21.7M | 4.565% | Jan 2028 | 2.04x | 99% | Current |
| Waysons Mhc | Lothian, MD | Manufactured housing | $20.1M | 4.875% | Apr 2028 | 1.56x | 100% | Current |
| Rangeview & Trails End | Anchorage, AK | Manufactured housing | $11.1M | 6.711% | Jun 2028 | 1.84x | 85% | Current |
| Sunflower MHC | Fort Collins, CO | Manufactured housing | $10.8M | 5.022% | Jul 2028 | n/a | n/a | Current |
| Lois Realty Portfolio | NY | Manufactured housing | $6.7M | 4.377% | Feb 2028 | 2.05x | 100% | Current |
| Davis Mhp | Newport News, VA | Manufactured housing | $6.3M | 7.26% | Sep 2028 | 1.50x | 96% | 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.