Retail · Harvey, Louisiana
Westbank Village Shopping Center
Westbank Village Shopping Center is financed with a $8.1M CMBS loan at 9.043% that reaches maturity on November 1, 2028, in 2 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $8,050,000
- Original balance (same notes)
- $8,050,000
- Interest rate
- 9.043% fixed
- Originated
- November 1, 2023
- Maturity
- November 1, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ends
- May 31, 2028
- Master servicer
- Trimont LLC
- Originator
- BANA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 875-929 Manhattan Boulevard, Harvey, LA 70058
- Metro
- New Orleans-Metairie, LA
- Rentable area
- 93,963 sq ft
- Built
- 1983
- Largest tenants
- Club Fitness; AirborneX Adventure; Cash America Advance
- Value at securitization
- $14.9M (Aug 2023)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.41x | 1.49x |
| Occupancy | 90% | 82% |
| Net operating income (annualized from 6 months) | $1.0M | $1.1M |
| Debt yield | 13.7% |
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 BANK5 2024-5YR5 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.
What the filing shows
- Occupancy has fallen from 90% when the loan was securitized to 82%.
- Net operating income is 6% above the underwritten figure ($1.1M a year against $1.0M; the latest statement covers 6 months, annualized).
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $8.1M | Current | No | 1.49x | 82% |
| August 2026 | $8.1M | Current | No | 1.49x | 90% |
| July 2026 | $8.1M | Current | No | 1.49x | 90% |
| June 2026 | $8.1M | Current | No | 1.49x | 90% |
| May 2026 | $8.1M | Current | No | 1.67x | 90% |
| April 2026 | $8.1M | Current | No | 1.67x | 90% |
| March 2026 | $8.1M | Current | No | 1.67x | 90% |
| February 2026 | $8.1M | Current | No | 1.67x | 90% |
| January 2026 | $8.1M | Current | No | 1.67x | 90% |
| December 2025 | $8.1M | Current | No | 1.67x | 90% |
| November 2025 | $8.1M | Current | No | 1.67x | 90% |
| October 2025 | $8.1M | Current | No | 1.68x | 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 |
|---|---|---|---|---|
| BANK5 2024-5YR5 | 18 | $8,050,000 | Sep 2026 | SEC filing, October 1, 2026 |
Other New Orleans-Metairie loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| The Galleria | Metairie, LA | Office | $42.0M | 4.25% | Jun 2028 | 3.52x | 87% | Current |
| Stor-All Tchoupitoulas | New Orleans, LA | Self storage | $23.5M | 5.023% | Mar 2028 | n/a | n/a | Current |
| Hotel Provincial | New Orleans, LA | Hotel | $9.8M | 4.82% | Aug 2028 | n/a | n/a | Current |
| Clearview Palms | Metairie, LA | Retail | $8.7M | 5.27% | Sep 2028 | 1.83x | 93% | Current |
| May & Ellis Building | New Orleans, LA | Mixed use | $8.3M | 5.08% | Oct 2028 | 0.79x | 68% | Current |
| 216 Chartres Street | New Orleans, LA | Multifamily | $2.5M | 5.295% | Dec 2028 | n/a | n/a | Current |
| 111 Veterans | Metairie, LA | Other | $2.3M | 5.819% | May 2028 | 1.59x | 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.