Multifamily portfolio, 5 properties · Oklahoma
Oklahoma Multifamily Portfolio
This portfolio is financed with a $50.2M CMBS loan at 4.19% that reaches maturity on December 1, 2029, in 3 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
- $50,203,641
- Original balance (same notes)
- $51,715,000
- Interest rate
- 4.19% fixed
- Originated
- November 7, 2019
- Maturity
- December 1, 2029
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ends
- May 31, 2029
- Master servicer
- Trimont LLC
- Originator
- MSBNA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Units, rooms or beds
- 827
- Value at securitization
- $71.1M
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.63x | 2.12x |
| Occupancy | 94% | 96% |
| Net operating income (annualized from 6 months) | $5.0M | $6.5M |
| Debt yield | 12.9% |
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 BANK 2019-BNK23 filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 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 31% above the underwritten figure ($6.5M a year against $5.0M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.63x at securitization to 2.12x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $50.2M | Current | No | 2.12x | 96% |
| August 2026 | $50.3M | Current | No | 2.12x | 96% |
| July 2026 | $50.3M | Current | No | 2.06x | 96% |
| June 2026 | $50.4M | Current | No | 2.06x | 96% |
| May 2026 | $50.5M | Current | No | 2.06x | 96% |
| April 2026 | $50.6M | Current | No | 2.06x | 96% |
| March 2026 | $50.6M | Current | No | 2.06x | 96% |
| February 2026 | $50.7M | Current | No | 2.00x | 97% |
| January 2026 | $50.8M | Current | No | 2.00x | 97% |
| December 2025 | $50.9M | Current | No | 2.00x | 97% |
| November 2025 | $50.9M | Current | No | 2.00x | 97% |
| October 2025 | $51.0M | Current | No | 2.00x | 95% |
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 |
|---|---|---|---|---|
| BANK 2019-BNK23 | 9 | $50,203,641 | Sep 2026 | SEC filing, October 1, 2026 |
Other Oklahoma loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Oklahoma IN Portfolio | OK | Industrial | $27.0M | 7.17% | Dec 2029 | 1.54x | 100% | Current |
| Union Point Apartments | Tulsa, OK | Multifamily | $25.0M | 6.40% | Jul 2029 | 1.52x | 90% | Current |
| The Landing Apartments | Oklahoma City, OK | Multifamily | $23.1M | 5.19% | Feb 2029 | 1.37x | 99% | Current |
| Somerset Park at Union | Tulsa, OK | Multifamily | $18.8M | 3.81% | Nov 2029 | 3.65x | 92% | Current |
| Home2 Suites by Hilton Tulsa | Tulsa, OK | Hotel | $17.8M | 4.10% | Nov 2029 | n/a | n/a | Current |
| Williamsburg and Western Oaks Apartments | Bethany, OK | Multifamily | $17.4M | 7.33% | Feb 2029 | n/a | n/a | Current |
| Bank Of America Center, Tulsa | Tulsa, OK | Office | $15.2M | 5.05% | May 2029 | 1.07x | 85% | Current |
| Muskogee Apartments Portfolio | OK | Multifamily | $14.3M | 4.41% | Dec 2029 | 3.41x | 100% | 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.