Manufactured housing · Saint Rose, Louisiana
Riverland Estates Mhc
Riverland Estates Mhc is financed with a $4.3M CMBS loan at 3.61% that reaches maturity on November 1, 2030, in 4 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $4,258,623
- Original balance (same notes)
- $4,500,000
- Interest rate
- 3.61% fixed
- Originated
- October 23, 2020
- Maturity
- November 1, 2030
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ends
- July 31, 2030
- Master servicer
- Trimont LLC
- Originator
- BANA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 15-156 Bonura Drive, Saint Rose, LA 70087
- Metro
- New Orleans-Metairie, LA
- Units, rooms or beds
- 117
- Built
- 1975, renovated 2020
- Value at securitization
- $6.6M (Oct 2020)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.75x | 2.57x |
| Occupancy | 98% | 100% |
| Net operating income (annualized from 6 months) | $431K | $638K |
| Debt yield | 15.0% |
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 BANK 2020-BNK29 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.
What the filing shows
- Net operating income is 48% above the underwritten figure ($638K a year against $431K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.75x at securitization to 2.57x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $4.3M | Current | No | 2.57x | 100% |
| August 2026 | $4.3M | Current | No | 2.32x | 100% |
| July 2026 | $4.3M | Current | No | 2.32x | 100% |
| June 2026 | $4.3M | Current | No | 2.32x | 100% |
| May 2026 | $4.3M | Current | No | 2.32x | 100% |
| April 2026 | $4.3M | Current | No | 2.18x | 98% |
| March 2026 | $4.3M | Current | No | 2.18x | 98% |
| February 2026 | $4.3M | Current | No | 2.18x | 98% |
| January 2026 | $4.3M | Current | No | 2.18x | 98% |
| December 2025 | $4.3M | Current | No | 2.18x | 98% |
| November 2025 | $4.3M | Current | No | 2.18x | 98% |
| October 2025 | $4.3M | Current | No | 2.17x | 98% |
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 |
|---|---|---|---|---|
| BANK 2020-BNK29 | 35 | $4,258,623 | Sep 2026 | SEC filing, October 1, 2026 |
Other New Orleans-Metairie loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| The Roosevelt New Orleans | New Orleans, LA | Hotel | $114.2M | 6.87% | Jul 2030 | 1.75x | 72% | Current |
| St. Germaine | Harvey, LA | Multifamily | $33.0M | 5.70% | Nov 2030 | n/a | n/a | Current |
| The Mayfair Apartments | New Orleans, LA | Multifamily | $30.0M | 3.50% | Jan 2030 | 1.78x | 94% | Current |
| The Roosevelt Hotel New Orleans | New Orleans, LA | Hotel | $15.8M | 6.87% | Jul 2030 | 1.75x | 72% | Current |
| Summerfield Apartments, Harvey | Harvey, LA | Multifamily | $14.5M | 3.44% | Oct 2030 | 2.28x | 93% | Current |
| Jefferson Business Center | Elmwood, LA | Industrial | $8.1M | 6.47% | Jul 2030 | 1.37x | 84% | Current |
| Towneplace Suites - La Place | La Place, LA | Hotel | $8.1M | 4.55% | Mar 2030 | 1.31x | 55% | Current |
| Storage Post - Jefferson, LA | Jefferson, LA | Self storage | $7.1M | 3.467% | Oct 2030 | n/a | 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.