Manufactured housing portfolio, 2 properties · Evanston,, Wyoming
South Park Property
This portfolio is financed with a $6.9M CMBS loan at 6.45% that reaches maturity on January 6, 2031, in 4 years and 2 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $6,900,000
- Original balance (same notes)
- $6,900,000
- Interest rate
- 6.45% fixed
- Originated
- December 8, 2025
- Maturity
- January 6, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- February 5, 2028
- Prepayment premium ends
- October 5, 2030 (yield maintenance)
- Originator
- German American Capital Corporation
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 2884 Yellow Creek Road, Evanston,, WY 82930
- Value at securitization
- $12.8M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income (annualized from 6 months) | $659K | $1.2M |
| Debt yield | 17.3% |
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 Benchmark 2026-V20 Mortgage Trust 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 81% above the underwritten figure ($1.2M a year against $659K; the latest statement covers 6 months, annualized).
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| South Park Property | Evanston,, WY | Mobile Home Park | n/a | n/a |
| Big Sky Communities | Roosevelt, UT | Mobile Home Park | 66% | 1.31x |
The last 8 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $6.9M | Current | No | n/a | n/a |
| August 2026 | $6.9M | Current | No | n/a | n/a |
| July 2026 | $6.9M | Current | No | n/a | n/a |
| June 2026 | $6.9M | Current | No | n/a | n/a |
| May 2026 | $6.9M | Current | No | n/a | n/a |
| April 2026 | $6.9M | Current | No | n/a | n/a |
| March 2026 | $6.9M | Current | No | n/a | n/a |
| February 2026 | $6.9M | 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 |
|---|---|---|---|---|
| Benchmark 2026-V20 Mortgage Trust | 31 | $6,900,000 | Sep 2026 | SEC filing, October 1, 2026 |
Other Wyoming loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Storage Stables Jackson | Jackson, WY | Self storage | $25.0M | 3.295% | Dec 2031 | 2.64x | 89% | Current |
| White Mountain Apartments | Rock Springs, WY | Multifamily | $14.0M | 6.012% | Jan 2031 | n/a | n/a | Current |
| Woodland Park Self Storage, Sheridan, Wy | Sheridan, WY | Self storage | $4.6M | 3.18% | Feb 2031 | 5.92x | 93% | 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.