Manufactured housing · St Petersburg, Florida
Palm Circle Mhc
Palm Circle Mhc is financed with a $2.7M CMBS loan at 6.024% that reaches maturity on May 1, 2030, in 3 years and 6 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $2,740,000
- Original balance (same notes)
- $2,740,000
- Interest rate
- 6.024% fixed
- Originated
- April 17, 2025
- Maturity
- May 1, 2030
- Payments
- Interest only for the full term
- Prepayment lockout ends
- April 30, 2027
- Prepayment premium ends
- October 31, 2029 (yield maintenance)
- Master servicer
- Trimont LLC
- Originator
- MSBNA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 6978 46th Avenue North, St Petersburg, FL 33709
- Metro
- Tampa-St. Petersburg-Clearwater, FL
- Units, rooms or beds
- 55
- Built
- 1950
- Value at securitization
- $4.5M (Mar 2025)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.33x | 1.59x |
| Occupancy | 98% | 96% |
| Net operating income (annualized from 6 months) | $222K | $268K |
| Debt yield | 9.8% |
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 2025-5YR15 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 21% above the underwritten figure ($268K a year against $222K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.33x at securitization to 1.59x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $2.7M | Current | No | 1.59x | 96% |
| August 2026 | $2.7M | Current | No | 1.59x | 96% |
| July 2026 | $2.7M | Current | No | 1.59x | 96% |
| June 2026 | $2.7M | Current | No | 1.64x | 96% |
| May 2026 | $2.7M | Current | No | 1.64x | 96% |
| April 2026 | $2.7M | Current | No | n/a | n/a |
| March 2026 | $2.7M | Current | No | n/a | n/a |
| February 2026 | $2.7M | Current | No | n/a | n/a |
| January 2026 | $2.7M | Current | No | n/a | n/a |
| December 2025 | $2.7M | Current | No | n/a | n/a |
| November 2025 | $2.7M | Current | No | n/a | n/a |
| October 2025 | $2.7M | 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 2025-5YR15 | 31 | $2,740,000 | Sep 2026 | SEC filing, October 1, 2026 |
Other Tampa-St. Petersburg-Clearwater loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| International Plaza, Tampa | Tampa, FL | Retail | $62.5M | 4.913% | Nov 2030 | 2.39x | 85% | Current |
| Tampa Redstone Portfolio | Tampa, FL | Industrial | $35.8M | 6.704% | Apr 2030 | 1.16x | 94% | Current |
| Metlife Solutions Tampa | Tampa, FL | Office | $29.0M | 7.077% | Jan 2030 | n/a | n/a | Current |
| Courtyard Madeira Beach | Madeira Beach, FL | Hotel | $17.3M | 7.87% | Jun 2030 | 1.69x | 83% | Current |
| Holiday Inn St. Petersburg West | St. Petersburg, FL | Hotel | $15.4M | 7.58% | Oct 2030 | n/a | n/a | Current |
| Public Storage Spring Hill | Spring Hill, FL | Self storage | $8.8M | 6.005% | Nov 2030 | n/a | n/a | Current |
| Scottish Traveler Rv Park | Largo, FL | Manufactured housing | $7.0M | 6.741% | Sep 2030 | n/a | n/a | Delinquent |
| Kennedy Center | Tampa, FL | Retail | $5.8M | 4.54% | Jan 2030 | 1.79x | 93% | Current |
All loans maturing in 2030 · All Tampa-St. Petersburg-Clearwater 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.