Mixed use · Orlando, Florida
One Eleven
One Eleven is financed with a $40.7M CMBS loan at 7.08% that reaches maturity on July 1, 2028, in 20 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $40,700,000
- Original balance (same notes)
- $40,700,000
- Interest rate
- 7.08% fixed
- Originated
- June 15, 2023
- Maturity
- July 1, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ends
- December 31, 2027
- Master servicer
- Trimont LLC
- Originator
- Morgan Stanley Bank, N.A.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 111 East Washington Street, Orlando, FL 32801
- Metro
- Orlando-Kissimmee-Sanford, FL
- Units, rooms or beds
- 164
- Built
- 2008
- Largest tenants
- COLLABORATE MD; MCDONALD TOOLE WIGGINS, PA; HUITT-ZOLLARS, INC.
- Value at securitization
- $88.9M (Apr 2023)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.48x | 1.88x |
| Occupancy | 90% | 79% |
| Net operating income (annualized from 3 months) | $4.3M | $5.5M |
| Debt yield | 13.5% |
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 2023-5YR3 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Occupancy down 10 points 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 90% when the loan was securitized to 79%.
- Net operating income is 27% above the underwritten figure ($5.5M a year against $4.3M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.48x at securitization to 1.88x on the latest statements.
- The filing gives May 2028 as the lease end date for the largest tenant (COLLABORATE MD), before the loan matures. Lenders look hard at that rollover.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $40.7M | Current | No | 1.88x | 79% |
| August 2026 | $40.7M | Current | No | 1.88x | 79% |
| July 2026 | $40.7M | Current | No | 1.88x | 79% |
| June 2026 | $40.7M | Current | No | 1.88x | 79% |
| May 2026 | $40.7M | Current | No | 1.57x | 79% |
| April 2026 | $40.7M | Current | No | 1.57x | 79% |
| March 2026 | $40.7M | Current | No | 1.57x | 79% |
| February 2026 | $40.7M | Current | No | 1.57x | 79% |
| January 2026 | $40.7M | Current | No | 1.57x | 79% |
| December 2025 | $40.7M | Current | No | 1.57x | 79% |
| November 2025 | $40.7M | Current | No | 1.57x | 74% |
| October 2025 | $40.7M | Current | No | 1.57x | 74% |
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 2023-5YR3 | 7 | $40,700,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Orlando-Kissimmee-Sanford loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| DoubleTree Orlando at Sea World | Orlando, FL | Hotel | $70.0M | 7.75% | Dec 2028 | 1.79x | 65% | Current |
| Orlando Airport Marriott Lakeside | Orlando, FL | Hotel | $59.0M | 5.201% | Jun 2028 | 4.38x | 87% | Current |
| Tru by Hilton Orlando | Orlando, FL | Hotel | $34.3M | 8.45% | Jul 2028 | 1.44x | 81% | Current |
| Rv Storage Depot | Altamonte Springs, FL | Other | $28.0M | 8.55% | Nov 2028 | 1.54x | 77% | Current |
| HomeTowne Studios - Casselberry, FL | Casselberry, FL | Hotel | $17.7M | 5.255% | Aug 2028 | n/a | n/a | Current |
| Vista Centre Shoppes | Orlando, FL | Retail | $17.2M | 4.951% | Sep 2028 | 2.07x | 100% | Current |
| Hampton Inn Lake Buena Vista | Orlando, FL | Hotel | $16.3M | 5.275% | Jun 2028 | 1.62x | 81% | Current |
| Staybridge Suites Orlando Airport South | Orlando, FL | Hotel | $11.8M | 5.145% | Jul 2028 | 1.67x | 86% | Current |
All loans maturing in 2028 · All Orlando-Kissimmee-Sanford 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.