Manufactured housing portfolio, 2 properties · Brownsville, Tennessee
Tennessee RV Park
This portfolio is financed with a $3.9M CMBS loan at 8.615% that reaches maturity on March 6, 2029, in 2 years and 4 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $3,850,000
- Original balance (same notes)
- $3,850,000
- Interest rate
- 8.615% fixed
- Originated
- February 16, 2024
- Maturity
- March 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- December 5, 2028
- Master servicer
- Trimont LLC
- Originator
- Bank of Montreal
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Units, rooms or beds
- 78
- Built
- 2023
- Value at securitization
- $5.9M (Dec 2023)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.66x | 0.19x |
| Occupancy | 100% | 65% |
| Net operating income (annualized from 6 months) | $558K | $65K |
| Debt yield | 1.7% |
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 BMO 2024-C8 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
On the cmbs.news watch list in all 12 monthly reports we hold (October 2025 to September 2026).
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 65%.
- Net operating income is 88% below the underwritten figure ($65K a year against $558K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.66x at securitization to 0.19x on the latest statements.
- At 0.19x, the property's reported NOI does not cover its debt service.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $3.9M | Current | No | 0.19x | 65% |
| August 2026 | $3.9M | Current | No | 0.19x | 65% |
| July 2026 | $3.9M | Current | No | 0.07x | 74% |
| June 2026 | $3.9M | Current | No | 0.07x | 74% |
| May 2026 | $3.9M | Current | No | 0.07x | 74% |
| April 2026 | $3.9M | Current | No | 0.35x | 47% |
| March 2026 | $3.9M | Current | No | 0.35x | 47% |
| February 2026 | $3.9M | Current | No | 0.35x | 47% |
| January 2026 | $3.9M | Current | No | 0.35x | 47% |
| December 2025 | $3.9M | Current | No | 0.35x | 47% |
| November 2025 | $3.9M | Current | No | 0.53x | 87% |
| October 2025 | $3.9M | Current | No | 0.53x | 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 |
|---|---|---|---|---|
| BMO 2024-C8 Mortgage Trust | 29 | $3,850,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other Tennessee loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Cummins Station | Nashville, TN | Office | $135.0M | 7.155% | Jun 2029 | 1.69x | 83% | Current |
| Rivertop Scenic Apartments | Nashville, TN | Multifamily | $31.4M | 3.30% | Nov 2029 | 3.02x | 94% | Current |
| 8400 Winchester | Memphis, TN | Industrial | $27.0M | 7.376% | Aug 2029 | 1.73x | 100% | Current |
| Oak Ridge City Center | Oak Ridge, TN | Retail | $25.0M | 7.28% | Sep 2029 | 1.12x | 76% | Current |
| 150 2nd Avenue North | Nashville, TN | Mixed use | $24.5M | 7.53% | May 2029 | 1.50x | 93% | Current |
| Appling Farms Corporate Park | Memphis, TN | Industrial | $24.2M | 7.05% | Jan 2029 | 1.95x | 99% | Current |
| Country View Apartments | Memphis, TN | Multifamily | $21.5M | 6.71% | Apr 2029 | 1.05x | 54% | Current |
| Marketplace at Smyrna | Smyrna, TN | Retail | $18.7M | 5.09% | Jan 2029 | 1.80x | 100% | 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.