Self storage · Jackson, Wyoming
Storage Stables Jackson
Storage Stables Jackson is financed with a $25.0M CMBS loan at 3.295% that reaches maturity on December 1, 2031, in 5 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
- $25,000,000
- Original balance (same notes)
- $25,000,000
- Interest rate
- 3.295% fixed
- Originated
- November 23, 2021
- Maturity
- December 1, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- August 31, 2031
- Master servicer
- Trimont LLC
- Originator
- MSBNA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 3400 Us Highway 89, 3945 Us-89 and 670 Roice Lane, Jackson, WY 83001
- Rentable area
- 131,396 sq ft
- Units, rooms or beds
- 991
- Built
- 1971
- Value at securitization
- $37.6M (Sep 2021)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.61x | 2.64x |
| Occupancy | 100% | 89% |
| Net operating income (annualized from 6 months) | $2.2M | $2.2M |
| Debt yield | 8.9% |
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 2021-BNK38 filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 2026.
- Occupancy down 10 points or more from securitization
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 100% when the loan was securitized to 89%.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $25.0M | Current | No | 2.64x | 89% |
| August 2026 | $25.0M | Current | No | 2.54x | 97% |
| July 2026 | $25.0M | Current | No | 2.54x | 97% |
| June 2026 | $25.0M | Current | No | 2.54x | 97% |
| May 2026 | $25.0M | Current | No | 2.86x | 87% |
| April 2026 | $25.0M | Current | No | 2.86x | 87% |
| March 2026 | $25.0M | Current | No | 2.86x | 87% |
| February 2026 | $25.0M | Current | No | 2.86x | 87% |
| January 2026 | $25.0M | Current | No | 2.88x | 89% |
| December 2025 | $25.0M | Current | No | 2.88x | 89% |
| November 2025 | $25.0M | Current | No | 2.98x | 90% |
| October 2025 | $25.0M | Current | No | 2.98x | 90% |
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 2021-BNK38 | 8 | $25,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
Other Wyoming loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| White Mountain Apartments | Rock Springs, WY | Multifamily | $14.0M | 6.012% | Jan 2031 | n/a | n/a | Current |
| South Park Property | Evanston,, WY | Manufactured housing | $6.9M | 6.45% | 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.