Manufactured housing · Bartow, Florida
Peace River Village Mhc
Peace River Village Mhc is financed with a $2.2M CMBS loan at 4.26% that reaches maturity on February 6, 2031, in 4 years and 3 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $2,162,814
- Original balance (same notes)
- $2,450,000
- Interest rate
- 4.26% fixed
- Originated
- January 29, 2021
- Maturity
- February 6, 2031
- Payments
- Amortizing over 28 years
- Prepayment lockout ends
- November 5, 2030
- Master servicer
- Trimont LLC
- Originator
- BSPRT CMBS Finance, LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 2405 Florida Highway 60, Bartow, FL 33830
- Metro
- Lakeland-Winter Haven, FL
- Units, rooms or beds
- 119
- Built
- 1957
- Value at securitization
- $4.1M (Nov 2020)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.91x | 2.78x |
| Occupancy | 72% | 80% |
| Net operating income (annualized from 6 months) | $290K | $425K |
| Debt yield | 19.7% |
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 2021-C59 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 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
- Occupancy has risen from 72% when the loan was securitized to 80%.
- Net operating income is 47% above the underwritten figure ($425K a year against $290K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.91x at securitization to 2.78x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $2.2M | Current | No | 2.78x | 80% |
| August 2026 | $2.2M | Current | No | 2.89x | 78% |
| July 2026 | $2.2M | Current | No | 2.89x | 78% |
| June 2026 | $2.2M | Current | No | 2.89x | 78% |
| May 2026 | $2.2M | Current | No | 2.10x | 83% |
| April 2026 | $2.2M | Current | No | 2.10x | 83% |
| March 2026 | $2.2M | Current | No | 2.10x | 83% |
| February 2026 | $2.2M | Current | No | 2.10x | 83% |
| January 2026 | $2.2M | Current | No | 2.10x | 83% |
| December 2025 | $2.2M | Current | No | 2.26x | 78% |
| November 2025 | $2.2M | Current | No | 2.26x | 78% |
| October 2025 | $2.2M | Current | No | 2.26x | 78% |
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 2021-C59 | 60 | $2,162,814 | Sep 2026 | SEC filing, September 29, 2026 |
Other Lakeland-Winter Haven loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Ridgeview | Davenport, FL | Self storage | $19.8M | 3.245% | May 2031 | n/a | n/a | Current |
| Sleepy Hill | Lakeland, FL | Self storage | $15.1M | 3.245% | May 2031 | n/a | n/a | Current |
| Fort Meade Estates Mhc | Fort Meade, FL | Manufactured housing | $9.1M | 6.01% | Apr 2031 | n/a | n/a | Current |
| Storeright Self Storage - Lakeland, Fl | Lakeland, FL | Self storage | $5.6M | 3.899% | May 2031 | 2.00x | 89% | Current |
| Century Storage Davenport | Davenport, FL | Self storage | $5.5M | 3.62% | Jul 2031 | 3.30x | 90% | Current |
All loans maturing in 2031 · All Lakeland-Winter Haven 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.