Retail · Minnetonka, Minnesota
Ridgedale Center
Public CMBS trusts hold $118.7M of the loan on Ridgedale Center at 7.094% that reaches maturity on June 1, 2030, in 3 years and 7 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $118,661,563
- Original balance (same notes)
- $120,000,000
- Interest rate
- 7.094% fixed
- Originated
- May 7, 2025
- Maturity
- June 1, 2030
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- November 30, 2029
- Master servicer
- Trimont LLC
- Originator
- MSBNA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 12401 Wayzata Boulevard, Minnetonka, MN 55305
- Metro
- Minneapolis-St. Paul-Bloomington, MN-WI
- Rentable area
- 562,474 sq ft
- Built
- 1974, renovated 2018
- Largest tenants
- Dick's Sporting Goods; Planet Fitness; H & M Int'l Transportation
- Value at securitization
- $226.0M (Feb 2025)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.79x | 1.63x |
| Occupancy | 90% | 89% |
| Net operating income (annualized from 6 months) | $17.3M | $15.9M |
| Debt yield | 13.4% |
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 2025-5YR17 filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 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 8% below the underwritten figure ($15.9M a year against $17.3M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.79x at securitization to 1.63x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $118.7M | Current | No | 1.63x | 89% |
| August 2026 | $114.0M | Current | No | 1.52x | 90% |
| July 2026 | $118.8M | Current | No | 1.52x | 90% |
| June 2026 | $118.9M | Current | No | 1.52x | 90% |
| May 2026 | $119.0M | Current | No | 1.55x | 91% |
| April 2026 | $119.1M | Current | No | 1.55x | 91% |
| March 2026 | $119.2M | Current | No | 1.50x | 97% |
| February 2026 | $119.3M | Current | No | 1.50x | 97% |
| January 2026 | $119.4M | Current | No | 1.50x | 97% |
| December 2025 | $119.5M | Current | No | 1.50x | 97% |
| November 2025 | $119.6M | Current | No | n/a | n/a |
| October 2025 | $119.7M | Current | No | 1.70x | 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
The loan is split into 5 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BANK5 2025-5YR15 | 3 | $54,386,550 | Sep 2026 | SEC filing, October 1, 2026 |
| BANK5 2025-5YR16 | 7 | $24,721,159 | Sep 2026 | SEC filing, September 29, 2026 |
| BANK5 2025-5YR17 | 9A | $19,776,927 | Sep 2026 | SEC filing, September 28, 2026 |
| BANK5 2025-5YR17 | 9 | $14,832,696 | Sep 2026 | SEC filing, September 28, 2026 |
| BANK5 2025-5YR17 | 9B | $4,944,232 | Sep 2026 | SEC filing, September 28, 2026 |
Other Minneapolis-St. Paul-Bloomington loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Skywater Technology HQ | Bloomington, MN | Mixed use | $32.7M | 3.44% | Oct 2030 | 1.80x | 100% | Current |
| Uhg Optum Health Campus | Eden Prairie, MN | Office | $26.6M | 4.00% | Aug 2030 | -1.66x | n/a | Current |
| Lakeside Flats | Lakeville, MN | Multifamily | $16.8M | 4.46% | Mar 2030 | 1.39x | 94% | Current |
| 6655 Wedgwood Road | Maple Grove, MN | Office | $9.8M | 4.03% | Oct 2030 | 1.10x | 68% | Current |
| N1563 US Highway 63 | Hager City, WI | Self storage | $4.5M | 6.71% | Aug 2030 | n/a | n/a | Current |
| City Line Hudson KO Storage | Hudson, WI | Self storage | $3.5M | 6.28% | Nov 2030 | 1.36x | 77% | Current |
| Dollar General- Isanti | Isanti, MN | Retail | $966K | 4.78% | Aug 2030 | 2.06x | 100% | Current |
| Dollar General-Becker, Mn | Becker, MN | Retail | $924K | 4.77% | Mar 2030 | 1.86x | 100% | Current |
All loans maturing in 2030 · All Minneapolis-St. Paul-Bloomington 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.