Manufactured housing · Midway Park, North Carolina
Sherwood Mhc
Sherwood Mhc is financed with a $3.3M CMBS loan at 4.85% that reaches maturity on July 6, 2029, in 2 years and 8 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $3,341,109
- Original balance (same notes)
- $3,800,000
- Interest rate
- 4.85% fixed
- Originated
- June 12, 2019
- Maturity
- July 6, 2029
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- April 5, 2029
- Master servicer
- Wells Fargo Bank, NA
- Originator
- Barclays Capital Real Estate Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 753 Tallman Circle, Midway Park, NC 28544
- Units, rooms or beds
- 207
- Built
- 1983
- Value at securitization
- $5.5M (Apr 2019)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.65x | 2.35x |
| Occupancy | 84% | 89% |
| Net operating income (annualized from 3 months) | $397K | $574K |
| Debt yield | 17.2% |
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 2019-C4 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.
What the filing shows
- Occupancy has risen from 84% when the loan was securitized to 89%.
- Net operating income is 45% above the underwritten figure ($574K a year against $397K; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.65x at securitization to 2.35x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $3.3M | Current | No | 2.35x | 89% |
| August 2026 | $3.3M | Current | No | 2.35x | 89% |
| July 2026 | $3.4M | Current | No | 2.35x | 89% |
| June 2026 | $3.4M | Current | No | 2.35x | 89% |
| May 2026 | $3.4M | Current | No | 1.94x | 90% |
| April 2026 | $3.4M | Current | No | 1.94x | 90% |
| March 2026 | $3.4M | Current | No | 2.01x | 88% |
| February 2026 | $3.4M | Current | No | 2.01x | 88% |
| January 2026 | $3.4M | Current | No | 2.01x | 88% |
| December 2025 | $3.4M | Current | No | 2.28x | 87% |
| November 2025 | $3.4M | Current | No | 2.28x | 87% |
| October 2025 | $3.4M | Current | No | 2.28x | 87% |
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 2019-C4 | 64 | $3,341,109 | Sep 2026 | SEC filing, September 29, 2026 |
Other North Carolina loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Holiday City Mhc | NC | Manufactured housing | $27.5M | 6.15% | Dec 2029 | 2.20x | 80% | Current |
| Hampton Inn Sneads Ferry | Sneads Ferry, NC | Hotel | $8.5M | 4.70% | Jul 2029 | 2.68x | 80% | Current |
| Piney Green Food Lion | Jacksonville, NC | Retail | $3.2M | 4.70% | May 2029 | 1.52x | 97% | 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.