Multifamily · Bradenton, Florida
Preserve At Manatee Bay
Preserve At Manatee Bay is financed with a $20.4M CMBS loan at 6.13% that reaches maturity on July 1, 2031, in 4 years and 8 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $20,350,000
- Original balance (same notes)
- $20,350,000
- Interest rate
- 6.13% fixed
- Originated
- June 12, 2026
- Maturity
- July 1, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- December 31, 2030
- Master servicer
- Midland
- Originator
- MSBNA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 5933 28th Avenue West, Bradenton, FL 34209
- Metro
- North Port-Bradenton-Sarasota, FL
- Units, rooms or beds
- 152
- Built
- 1985, renovated 2023
- Value at securitization
- $30.4M (Apr 2026)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.35x | n/a |
| Occupancy | 95% | n/a |
| Net operating income | $1.7M | n/a |
Watch flags
Computed from the BANK5 2026-5YR23 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.
The last 3 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $20.4M | Current | No | n/a | n/a |
| August 2026 | $20.4M | Current | No | n/a | n/a |
| July 2026 | $20.4M | Current | No | 1.08x | 95% |
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 2026-5YR23 | 20 | $20,350,000 | Sep 2026 | SEC filing, October 1, 2026 |
Other North Port-Bradenton-Sarasota loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Clubside Apartments | Venice, FL | Multifamily | $6.5M | 3.64% | Oct 2031 | 2.20x | 87% | Current |
| CVS Sarasota | Sarasota, FL | Retail | $6.0M | 4.257% | Nov 2031 | n/a | n/a | Current |
| Walgreens Bradenton | Bradenton, FL | Retail | $4.4M | 3.69% | Jan 2031 | n/a | n/a | Current |
All loans maturing in 2031 · All North Port-Bradenton-Sarasota 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.