Manufactured housing portfolio, 2 properties · La Grande, Oregon
Stonewood MHC
This portfolio is financed with a $5.8M CMBS loan at 7.06% that reaches maturity on May 6, 2033, in 6 years and 6 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $5,829,705
- Original balance (same notes)
- $5,900,000
- Interest rate
- 7.06% fixed
- Originated
- May 11, 2023
- Maturity
- May 6, 2033
- Payments
- Amortizing over 30 years
- Master servicer
- KeyBank Real Estate Capital
- Originator
- LMF
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1809 26th Street, La Grande, OR 97850
- Value at securitization
- $11.2M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income | n/a | $653K |
| Debt yield | 11.2% |
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 2023-C20 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 |
|---|---|---|---|---|
| Stonewood MHC | La Grande, OR | Mobile Home Park | 89% | 1.35x |
| Lone Oak MHC | Milwaukie, OR | Mobile Home Park | 100% | 1.53x |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $5.8M | Not reported | No | 1.35x | 89% |
| August 2026 | $5.8M | Not reported | No | 1.31x | 89% |
| July 2026 | $5.8M | Not reported | No | 1.31x | 89% |
| June 2026 | $5.8M | Late payment but less than 30 days delinquent | No | 1.31x | 100% |
| May 2026 | $5.8M | Not reported | No | 1.31x | 100% |
| April 2026 | $5.9M | Not reported | No | 1.31x | 100% |
| March 2026 | $5.9M | Not reported | No | 1.50x | 100% |
| February 2026 | $5.9M | Not reported | No | 1.50x | 100% |
| January 2026 | $5.9M | Late payment but less than 30 days delinquent | No | 1.50x | 100% |
| December 2025 | $5.9M | Late payment but less than 30 days delinquent | No | 1.84x | 100% |
| November 2025 | $5.9M | Late payment but less than 30 days delinquent | No | 1.50x | 100% |
| October 2025 | $5.9M | Late payment but less than 30 days delinquent | No | 1.50x | 100% |
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 2023-C20 | 28 | $5,829,705 | Sep 2026 | SEC filing, September 29, 2026 |
Other Oregon loans due in 2033
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Staybridge Suites Hillsboro - Orenco Station | Hillsboro, OR | Hotel | $16.8M | 7.20% | May 2033 | 0.92x | 65% | Late, less than 30 days |
| Sorrento View Apartments | Beaverton, OR | Multifamily | $5.0M | 6.992% | Oct 2033 | 1.90x | 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.