Multifamily · Jacksonville, North Carolina
Osprey Cove North
Osprey Cove North is financed with a $16.6M CMBS loan at 6.33% that reaches maturity on February 1, 2031, in 4 years and 3 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is delinquent: 30-59 days delinquent.
The loan
- Balance in tracked trusts
- $16,650,000
- Original balance (same notes)
- $16,650,000
- Interest rate
- 6.33% fixed
- Originated
- January 26, 2026
- Maturity
- February 1, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- July 31, 2030
- Master servicer
- Trimont LLC
- Originator
- Morgan Stanley Bank, N.A.
Status
- Payment status
- 30-59 days delinquent (code 1)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 118 Broadhurst Road, Jacksonville, NC 28540
- Units, rooms or beds
- 236
- Built
- 1972, renovated 2025
- Value at securitization
- $23.9M (Oct 2025)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.36x | n/a |
| Occupancy | 88% | n/a |
| Net operating income | $1.5M | n/a |
Watch flags
Computed from the BANK5 2026-5YR20 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- 30+ days delinquent or matured unpaid
On the cmbs.news watch list in every report since August 2026.
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
The last 8 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $16.6M | 30-59 days delinquent | No | n/a | n/a |
| August 2026 | $16.6M | 30-59 days delinquent | No | n/a | n/a |
| July 2026 | $16.6M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| June 2026 | $16.6M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| May 2026 | $16.6M | Current | No | n/a | n/a |
| April 2026 | $16.6M | Current | No | n/a | n/a |
| March 2026 | $16.6M | Current | No | n/a | n/a |
| February 2026 | $16.6M | Current | No | 1.37x | 88% |
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 2026-5YR20 | 14 | $16,650,000 | Sep 2026 | SEC filing, September 29, 2026 |
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.