Multifamily · Jacksonville, Florida
Southwest Villas Jacksonville
Southwest Villas Jacksonville is financed with a $2.5M CMBS loan at 5.345% that reaches maturity on May 1, 2028, in 18 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $2,486,261
- Original balance (same notes)
- $2,750,000
- Interest rate
- 5.345% fixed
- Originated
- April 30, 2018
- Maturity
- May 1, 2028
- Payments
- Interest only for 24 months, then amortizing
- Prepayment lockout ends
- January 31, 2028
- Master servicer
- Trimont LLC
- Originator
- Bank of America, N.A.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 5565 Connie Jean Road, Jacksonville, FL 32222
- Metro
- Jacksonville, FL
- Units, rooms or beds
- 61
- Built
- 1981
- Value at securitization
- $4.0M (Mar 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.67x | 2.69x |
| Occupancy | 93% | 85% |
| Net operating income (annualized from 6 months) | $307K | $499K |
| Debt yield | 20.1% |
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 BANK 2018-BNK13 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 fallen from 93% when the loan was securitized to 85%.
- Net operating income is 63% above the underwritten figure ($499K a year against $307K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.67x at securitization to 2.69x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $2.5M | Current | No | 2.69x | 85% |
| August 2026 | $2.5M | Current | No | 3.24x | 85% |
| July 2026 | $2.5M | Current | No | 3.24x | 85% |
| June 2026 | $2.5M | Current | No | 3.24x | 85% |
| May 2026 | $2.5M | Current | No | 2.71x | 90% |
| April 2026 | $2.5M | Current | No | 2.71x | 90% |
| March 2026 | $2.5M | Current | No | 2.68x | 93% |
| February 2026 | $2.5M | Current | No | 2.68x | 93% |
| January 2026 | $2.5M | Current | No | 2.68x | 93% |
| December 2025 | $2.5M | Current | No | 2.68x | 93% |
| November 2025 | $2.5M | Current | No | 2.88x | 87% |
| October 2025 | $2.5M | Current | No | 2.88x | 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 |
|---|---|---|---|---|
| BANK 2018-BNK13 | 46 | $2,486,261 | Sep 2026 | SEC filing, September 29, 2026 |
Other Jacksonville loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Sola Apartments | Jacksonville, FL | Multifamily | $40.2M | 4.63% | Feb 2028 | 1.92x | 94% | Current |
| Jacksonville Concourse | Jacksonville, FL | Office | $27.9M | 3.21% | Jul 2028 | n/a | n/a | Current |
| Pablo Creek Plaza - Fl | Jacksonville, FL | Retail | $18.4M | 4.605% | Jul 2028 | 3.13x | 97% | Current |
| Crowne Plaza at Jacksonville | Jacksonville, FL | Hotel | $15.5M | 6.072% | Nov 2028 | -0.58x | 42% | With the special servicer and 30-59 days delinquent |
| The Courtyards at San Jose | Jacksonville, FL | Multifamily | $8.5M | 5.204% | Oct 2028 | n/a | n/a | Current |
| 14701 Philips Highway | Jacksonville, FL | Office | $7.8M | 4.804% | Jul 2028 | n/a | n/a | Current |
| Jacksonville Self Storage | Jacksonville, FL | Self storage | $6.0M | 5.59% | Oct 2028 | 1.67x | 77% | 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.