Manufactured housing · Shafer, Minnesota
Shafer Terrace Mhc
Shafer Terrace Mhc is financed with a $2.0M CMBS loan at 4.345% that reaches maturity on November 6, 2029, in 3 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $1,963,238
- Original balance (same notes)
- $2,100,000
- Interest rate
- 4.345% fixed
- Originated
- October 30, 2019
- Maturity
- November 6, 2029
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ends
- August 5, 2029
- Prepayment premium ends
- August 5, 2029 (yield maintenance)
- Master servicer
- Midland Loan Services
- Originator
- Starwood Mortgage Capital LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 17377 Banyan Road, Shafer, MN 55074
- Metro
- Minneapolis-St. Paul-Bloomington, MN-WI
- Units, rooms or beds
- 70
- Built
- 1989
- Value at securitization
- $3.1M (Oct 2019)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.61x | n/a |
| Occupancy | 100% | n/a |
| Net operating income | $202K | n/a |
Watch flags
Computed from the CF 2019-CF3 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 30, 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 | $2.0M | Current | No | n/a | n/a |
| August 2026 | $2.0M | Current | No | n/a | n/a |
| July 2026 | $2.0M | Current | No | n/a | n/a |
| June 2026 | $2.0M | Current | No | n/a | n/a |
| May 2026 | $2.0M | Current | No | n/a | n/a |
| April 2026 | $2.0M | Current | No | n/a | n/a |
| March 2026 | $2.0M | Current | No | n/a | n/a |
| February 2026 | $2.0M | Current | No | n/a | n/a |
| January 2026 | $2.0M | Current | No | n/a | n/a |
| December 2025 | $2.0M | Current | No | n/a | n/a |
| November 2025 | $2.0M | Current | No | n/a | n/a |
| October 2025 | $2.0M | Current | No | n/a | 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
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| CF 2019-CF3 Mortgage Trust | 48 | $1,963,238 | Sep 2026 | SEC filing, September 30, 2026 |
Other Minneapolis-St. Paul-Bloomington loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Wells Fargo Place | St. Paul, MN | Office | $60.0M | 3.40% | Nov 2029 | 2.23x | 85% | Current |
| Hy-Vee - Oakdale (10th Street), MN | Oakdale, MN | Retail | $55.0M | 4.582% | Apr 2029 | n/a | n/a | Current |
| The Archive Apartments | Minneapolis, MN | Multifamily | $47.9M | 6.92% | Jun 2029 | 1.32x | 93% | Current |
| Plymouth Corporate Center | Plymouth, MN | Office | $45.7M | 4.99% | Jan 2029 | 1.67x | 91% | With the special servicer and 90+ days delinquent |
| Grand Oaks Business Park | Eagan, MN | Office | $45.7M | 4.85% | Feb 2029 | 1.02x | 64% | Current |
| Hy-Vee - Savage, MN | Savage, MN | Retail | $40.0M | 3.494% | Dec 2029 | n/a | n/a | Current |
| ATRIA Corporate Center | Plymouth, MN | Office | $37.7M | 4.895% | Apr 2029 | 1.29x | 72% | Current |
| Seagate Shakopee | Shakopee, MN | Industrial | $23.4M | 7.56% | Jan 2029 | 1.49x | 100% | Current |
All loans maturing in 2029 · 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.