Manufactured housing · Stillwater, Oklahoma
Park West Mhp
Park West Mhp is financed with a $2.2M CMBS loan at 5.46% that reaches maturity on September 11, 2028, in 22 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $2,165,925
- Original balance (same notes)
- $2,475,000
- Interest rate
- 5.46% fixed
- Originated
- September 10, 2018
- Maturity
- September 11, 2028
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- July 10, 2028
- Master servicer
- Trimont LLC
- Originator
- C-III Commercial Mortgage LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1824 Dobi Lane, Stillwater, OK 74075
- Units, rooms or beds
- 151
- Built
- 1975
- Value at securitization
- $3.7M (Jul 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.39x | 2.19x |
| Occupancy | 80% | 56% |
| Net operating income (annualized from 6 months) | $233K | $371K |
| Debt yield | 17.1% |
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 Wells Fargo Commercial Mortgage Trust 2018-C47 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 80% when the loan was securitized to 56%.
- Net operating income is 59% above the underwritten figure ($371K a year against $233K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.39x at securitization to 2.19x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $2.2M | Current | No | 2.19x | 56% |
| August 2026 | $2.2M | Current | No | 1.64x | 53% |
| July 2026 | $2.2M | Late payment but less than 30 days delinquent | No | 1.64x | 53% |
| June 2026 | $2.2M | Late payment but less than 30 days delinquent | No | 1.64x | 53% |
| May 2026 | $2.2M | Current | No | 1.64x | 53% |
| April 2026 | $2.2M | Current | No | 1.93x | 52% |
| March 2026 | $2.2M | Current | No | 2.02x | 53% |
| February 2026 | $2.2M | Late payment but less than 30 days delinquent | No | 2.02x | 53% |
| January 2026 | $2.2M | Current | No | 2.02x | 53% |
| December 2025 | $2.2M | Current | No | 2.02x | 53% |
| November 2025 | $2.2M | Current | No | 2.02x | 53% |
| October 2025 | $2.2M | Current | No | 2.14x | 54% |
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 |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2018-C47 | 66 | $2,165,925 | Sep 2026 | SEC filing, September 29, 2026 |
Other Oklahoma loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| First Place Tower | Tulsa, OK | Office | $24.0M | 4.85% | Jul 2028 | 1.74x | 83% | Current |
| The Market at Czech Hall | Yukon, OK | Retail | $18.8M | 4.86% | Jun 2028 | 1.57x | 100% | Current |
| Owasso Market | Owasso, OK | Retail | $18.8M | 5.31% | Aug 2028 | 2.29x | 100% | Late, less than 30 days |
| Windsor Village Apartments | Oklahoma City, OK | Multifamily | $11.0M | 5.195% | Jul 2028 | 2.34x | 97% | Current |
| Quail Springs Shopping Center | Oklahoma City, OK | Retail | $6.9M | 5.08% | Nov 2028 | 1.82x | 98% | Current |
| Holiday Inn Express Duncan | Duncan, OK | Hotel | $4.5M | 5.76% | Mar 2028 | 1.78x | 71% | Current |
| Walgreens - Guthrie, OK | Guthrie, OK | Retail | $2.7M | 4.84% | Feb 2028 | 1.99x | 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.