Manufactured housing · Millington, Tennessee
Southern Meadows Mhc
Southern Meadows Mhc is financed with a $5.1M CMBS loan at 6.324% that reaches maturity on December 1, 2030, in 4 years and 1 month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $5,100,000
- Original balance (same notes)
- $5,100,000
- Interest rate
- 6.324% fixed
- Originated
- November 20, 2025
- Maturity
- December 1, 2030
- Payments
- Interest only for the full term
- Prepayment lockout ends
- May 31, 2030
- Master servicer
- Trimont
- Originator
- BANA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 6353 High Tide Drive, Millington, TN 38053
- Metro
- Memphis, TN-MS-AR
- Units, rooms or beds
- 123
- Built
- 1975
- Value at securitization
- $8.6M (Oct 2025)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.58x | 1.57x |
| Occupancy | 96% | 98% |
| Net operating income (annualized from 6 months) | $516K | $515K |
| Debt yield | 10.1% |
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 BANK5 2025-5YR19 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.
The last 10 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $5.1M | Current | No | 1.57x | 98% |
| August 2026 | $5.1M | Current | No | n/a | n/a |
| July 2026 | $5.1M | Current | No | n/a | n/a |
| June 2026 | $5.1M | Current | No | n/a | n/a |
| May 2026 | $5.1M | Current | No | n/a | n/a |
| April 2026 | $5.1M | Current | No | n/a | n/a |
| March 2026 | $5.1M | Current | No | n/a | n/a |
| February 2026 | $5.1M | Current | No | n/a | n/a |
| January 2026 | $5.1M | Current | No | n/a | n/a |
| December 2025 | $5.1M | Current | No | 1.45x | 96% |
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 |
|---|---|---|---|---|
| BANK5 2025-5YR19 | 35 | $5,100,000 | Sep 2026 | SEC filing, October 1, 2026 |
Other Memphis loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| One Commerce Square | Memphis, TN | Office | $29.2M | 3.67% | Nov 2030 | 2.54x | 84% | Current |
| Wilson Crossing Townhomes | Memphis, TN | Multifamily | $12.1M | 6.60% | Oct 2030 | 1.69x | 92% | Current |
| Germantown Plaza | Germantown, TN | Retail | $11.6M | 3.70% | Mar 2030 | n/a | n/a | Current |
| Oak Ridge Apartments, Memphis | Memphis, TN | Multifamily | $10.0M | 6.308% | Sep 2030 | n/a | n/a | Current |
| 1244 Primacy Parkway | Memphis, TN | Healthcare | $7.1M | 4.15% | Aug 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.