Retail · Gallipolis, Ohio
Ohio River Plaza
Ohio River Plaza is financed with a $4.0M CMBS loan at 6.70% that reaches maturity on July 5, 2030, in 3 years and 8 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $4,000,000
- Original balance (same notes)
- $4,000,000
- Interest rate
- 6.70% fixed
- Originated
- June 6, 2025
- Maturity
- July 5, 2030
- Payments
- Interest only for the full term
- Prepayment lockout ends
- April 4, 2030
- Master servicer
- Midland Loan Services
- Originator
- Morgan Stanley Bank, N.A.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 31b Ohio River Plaza, Gallipolis, OH 45631
- Rentable area
- 87,373 sq ft
- Built
- 1989
- Largest tenants
- BIG SANDY FURNITURE INC; Burke's Outlet Store; Dollar Tree
- Value at securitization
- $7.0M (Apr 2025)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.94x | 1.23x |
| Occupancy | 85% | 77% |
| Net operating income (annualized from 6 months) | $528K | $336K |
| Debt yield | 8.4% |
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 2025-5YR16 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage down 0.25x or more from securitization
- NOI down 20% 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
- Occupancy has fallen from 85% when the loan was securitized to 77%.
- Net operating income is 36% below the underwritten figure ($336K a year against $528K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.94x at securitization to 1.23x on the latest statements.
The last 11 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $4.0M | Current | No | 1.23x | 77% |
| July 2026 | $4.0M | Current | No | 1.93x | 86% |
| June 2026 | $4.0M | Current | No | n/a | n/a |
| May 2026 | $4.0M | Current | No | n/a | n/a |
| April 2026 | $4.0M | Current | No | n/a | n/a |
| March 2026 | $4.0M | Current | No | n/a | n/a |
| February 2026 | $4.0M | Current | No | n/a | n/a |
| January 2026 | $4.0M | Current | No | n/a | n/a |
| December 2025 | $4.0M | Current | No | n/a | n/a |
| November 2025 | $4.0M | Current | No | n/a | n/a |
| October 2025 | $4.0M | 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
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BANK5 2025-5YR16 | 36 | $4,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Ohio loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 8044 Montgomery | Cincinnati, OH | Office | $60.0M | 6.88% | Apr 2030 | 1.71x | 91% | Current |
| 15535 South State Avenue | Middlefield, OH | Industrial | $46.5M | 3.322% | Nov 2030 | n/a | n/a | Current |
| Willoughby Commons | Willoughby, OH | Retail | $35.2M | 4.038% | Jan 2030 | n/a | n/a | Current |
| Pnc Center | Cincinnati, OH | Office | $32.7M | 3.49% | Mar 2030 | 4.01x | 93% | Current |
| Marriott Cincinnati North | West Chester, OH | Hotel | $25.7M | 6.803% | Mar 2030 | 1.73x | 51% | Current |
| Rockside Flex Portfolio | Valley View, OH | Mixed use | $25.0M | 7.60% | May 2030 | 1.52x | 80% | Current |
| ABB Office | Highland Hills, OH | Office | $22.3M | 3.421% | Jan 2030 | 2.78x | 100% | Current |
| Beavercreek Portfolio - College Park II | Beavercreek, OH | Office | $21.8M | 7.74% | Jun 2030 | 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.