Manufactured housing portfolio, 11 properties · Andrews, North Carolina
Sherrill MHC
This portfolio is financed with a $4.5M CMBS loan at 6.97% that reaches maturity on March 6, 2033, in 6 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
- $4,488,358
- Original balance (same notes)
- $4,650,000
- Interest rate
- 6.97% fixed
- Originated
- March 10, 2023
- Maturity
- March 6, 2033
- Payments
- Amortizing over 30 years
- Prepayment lockout ended
- April 5, 2026
- Master servicer
- KeyBank Real Estate Capital
- Originator
- LMF
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 15 Higdon Loop, Andrews, NC 28901
- Value at securitization
- $9.3M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income | n/a | $766K |
| Debt yield | 17.1% |
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 BBCMS Mortgage Trust 2023-C19 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.
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| Sherrill MHC | Andrews, NC | Mobile Home Park | 62% | 1.82x |
| Ashburn MHC | Ashburn, GA | Mobile Home Park | 65% | 2.76x |
| Lyons MHC | Lyons, GA | Mobile Home Park | 57% | 1.96x |
| Brookwood MHC | Brookwood, AL | Mobile Home Park | 69% | 1.68x |
| Mapletree MHC | Clanton, AL | Mobile Home Park | 69% | 2.11x |
| Clanton MHC | Clanton, AL | Mobile Home Park | 100% | 3.19x |
| Fort Valley MHC | Fort Valley, GA | Mobile Home Park | 75% | 2.85x |
| Abbeville MHC | Abbeville, SC | Mobile Home Park | 59% | 2.23x |
| Rainelle MHC | Rainelle, WV | Mobile Home Park | 86% | 1.87x |
| Fitzgerald MHC | Fitzgerald, GA | Mobile Home Park | 32% | 0.78x |
| Verbena MHC | Verbena, AL | Mobile Home Park | 68% | 1.79x |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $4.5M | Not reported | No | 1.82x | 62% |
| August 2026 | $4.5M | Not reported | No | 1.82x | 62% |
| July 2026 | $4.5M | Not reported | No | 1.85x | 62% |
| June 2026 | $4.5M | Not reported | No | 1.82x | 62% |
| May 2026 | $4.5M | Not reported | No | 1.85x | 66% |
| April 2026 | $4.5M | Not reported | No | 1.85x | 66% |
| March 2026 | $4.5M | Not reported | No | 2.10x | 52% |
| February 2026 | $4.5M | Not reported | No | 1.85x | 66% |
| January 2026 | $4.5M | Not reported | No | 1.85x | 66% |
| December 2025 | $4.5M | Not reported | No | 1.85x | 66% |
| November 2025 | $4.5M | Not reported | No | 1.85x | 66% |
| October 2025 | $4.5M | Not reported | No | 1.82x | 94% |
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 |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2023-C19 | 34 | $4,488,358 | Sep 2026 | SEC filing, September 29, 2026 |
Other North Carolina loans due in 2033
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Brier Creek Commons | Raleigh, NC | Retail | $82.2M | 6.91% | May 2033 | 1.44x | 100% | Current |
| Avidxchange Headquarters | Charlotte, NC | Office | $37.4M | 5.298% | Jan 2033 | 2.93x | 100% | Current |
| Renaissance Charlotte Southpark Hotel | Charlotte, NC | Hotel | $19.8M | 6.53% | May 2033 | 1.58x | 57% | Current |
| Shoppes at Waterford | Burlington, NC | Retail | $13.1M | 7.94% | Nov 2033 | 1.38x | 100% | Current |
| 419 West River Road | Louisburg, NC | Industrial | $11.8M | 8.255% | Nov 2033 | 1.63x | 100% | Current |
| Monkey Junction | Wilmington, NC | Retail | $11.1M | 8.30% | Nov 2033 | 1.34x | 92% | Current |
| Fairfield Inn & Suites Wake Forest | Wake Forest, NC | Hotel | $10.0M | 6.922% | Apr 2033 | 1.83x | 72% | Current |
| Holiday Inn Express Smithfield | Smithfield, NC | Hotel | $7.3M | 7.032% | Apr 2033 | 1.35x | 54% | 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.