Multifamily · South Bend, Indiana
Prosper South Bend Apartments
Public CMBS trusts hold $65.0M of the loan on Prosper South Bend Apartments at 6.82% that reaches maturity on March 1, 2030, in 3 years and 4 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $65,000,000
- Original balance (same notes)
- $65,000,000
- Interest rate
- 6.82% fixed
- Originated
- February 20, 2025
- Maturity
- March 1, 2030
- Payments
- Interest only for the full term
- Prepayment lockout ends
- August 31, 2029
- Master servicer
- Midland Loan Services
- Originator
- MSBNA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 3001 East Jefferson Boulevard, South Bend, IN 46615
- Units, rooms or beds
- 710
- Built
- 1968, renovated 2022
- Value at securitization
- $94.0M (Dec 2024)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.32x | n/a |
| Occupancy | 93% | n/a |
| Net operating income | $5.9M | n/a |
Watch flags
Computed from the BANK5 2025-5YR14 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.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $65.0M | Current | No | 1.30x | 92% |
| August 2026 | $65.0M | Late payment but less than 30 days delinquent | No | 1.30x | 92% |
| July 2026 | $65.0M | Current | No | 1.30x | 92% |
| June 2026 | $65.0M | Current | No | n/a | n/a |
| May 2026 | $65.0M | Current | No | n/a | n/a |
| April 2026 | $65.0M | Current | No | 1.23x | 90% |
| March 2026 | $65.0M | Current | No | 1.23x | 90% |
| February 2026 | $65.0M | Current | No | 1.23x | 90% |
| January 2026 | $65.0M | Current | No | 1.23x | 90% |
| December 2025 | $65.0M | Current | No | 1.23x | 90% |
| November 2025 | $65.0M | Current | No | 1.23x | 90% |
| October 2025 | $65.0M | Current | No | 1.23x | 90% |
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
The loan is split into 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Morgan Stanley Bank of America Merrill Lynch Trust 2025-5C1 | 7 | $43,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
| BANK5 2025-5YR14 | 18 | $22,000,000 | 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.