Other portfolio, 42 properties · Multiple locations
Oak Street NLP Fund Portfolio
Public CMBS trusts hold $59.9M of the loan on this portfolio at 6.138% that reaches maturity on March 11, 2028, in 16 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $59,859,843
- Original balance (same notes)
- $97,500,000
- Interest rate
- 6.138% fixed
- Originated
- February 23, 2023
- Maturity
- March 11, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ends
- September 10, 2027
- Master servicer
- Trimont LLC
- Originator
- Wells Fargo Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred May 9, 2025, returned January 9, 2026
- Workout strategy
- Resolved
- Defeasance
- None reported
The property
- Value at securitization
- $1.1B
Performance
| At securitization | Latest (Sep 2024) | |
|---|---|---|
| DSCR (NOI) | 2.87x | 2.35x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 9 months) | $60.8M | $62.5M |
| Debt yield | 104.4% |
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 2023-5YR1 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage down 0.25x or more from securitization
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
- Debt service coverage moved from 2.87x at securitization to 2.35x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $59.9M | Current | No | 2.35x | 100% |
| August 2026 | $59.9M | Current | No | 2.35x | 100% |
| July 2026 | $59.9M | Current | No | 2.35x | 100% |
| June 2026 | $59.9M | Current | No | 2.35x | 100% |
| May 2026 | $64.6M | Current | No | 2.35x | 100% |
| April 2026 | $64.6M | Current | No | 2.35x | 100% |
| March 2026 | $79.3M | Current | Yes | 2.35x | 100% |
| February 2026 | $97.5M | Current | Yes | 2.35x | 100% |
| January 2026 | $97.5M | Current | Yes | 2.35x | 100% |
| December 2025 | $97.5M | Late payment but less than 30 days delinquent | Yes | 2.35x | 100% |
| November 2025 | $97.5M | Current | Yes | 2.35x | 100% |
| October 2025 | $97.5M | Current | Yes | 2.35x | 100% |
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.
Special-servicing history
- Transferred to the special servicer May 9, 2025, returned to the master servicer January 9, 2026.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
The loan is split into 3 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BANK5 2023-5YR1 | 2 | $30,697,355 | Sep 2026 | SEC filing, September 29, 2026 |
| BANK5 2023-5YR1 | 2A | $16,883,545 | Sep 2026 | SEC filing, September 29, 2026 |
| BANK5 2023-5YR1 | 2B | $12,278,942 | Sep 2026 | SEC filing, September 29, 2026 |
Other other loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Millennium Partners Portfolio | Other | $190.0M | 4.285% | Jul 2028 | 1.80x | 91% | Current | |
| U.S. Industrial Portfolio (2028 maturity) | ZZ | Other | $86.9M | 4.524% | Mar 2028 | 2.15x | 100% | Current |
| 12800 Culver | Los Angeles, CA | Other | $84.8M | 6.533% | Jul 2028 | 2.60x | 100% | Current |
| Seminole Trail Portfolio | VA | Other | $65.0M | 6.695% | Jan 2028 | 1.86x | 85% | Current |
| ICP/IRG Holdings Portfolio | Other | $52.2M | 7.35% | May 2028 | 1.40x | 69% | Current | |
| North Bay Portfolio | CA | Other | $51.0M | 4.504% | Apr 2028 | 1.84x | 88% | Current |
| Shops at Riverwalk & River Walk Corporate Center | Bakersfield, CA | Other | $50.8M | 6.835% | Jun 2028 | 2.01x | 97% | Current |
| NYC REIT Mixed Use Portfolio | NY | Other | $50.0M | 4.516% | May 2028 | 0.23x | 76% | With the special servicer |
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.