Manufactured housing · Yuma, Arizona
Westward Village
Westward Village is financed with a $4.0M CMBS loan at 6.55% that reaches maturity on July 1, 2029, in 2 years and 8 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $4,050,000
- Original balance (same notes)
- $4,050,000
- Interest rate
- 6.55% fixed
- Originated
- June 17, 2024
- Maturity
- July 1, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ended
- June 30, 2026
- Prepayment premium ends
- February 28, 2029 (yield maintenance)
- Master servicer
- Trimont LLC
- Originator
- Morgan Stanley Bank, N.A.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 3300 South 8th Avenue, Yuma, AZ 85365
- Units, rooms or beds
- 99
- Built
- 1967
- Value at securitization
- $6.6M (May 2024)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.45x | 1.69x |
| Occupancy | 87% | 91% |
| Net operating income (annualized from 3 months) | $390K | $456K |
| Debt yield | 11.3% |
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 2024-5YR8 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 risen from 87% when the loan was securitized to 91%.
- Net operating income is 17% above the underwritten figure ($456K a year against $390K; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.45x at securitization to 1.69x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $4.0M | Current | No | 1.69x | 91% |
| August 2026 | $4.0M | Current | No | 1.69x | 91% |
| July 2026 | $4.0M | Current | No | 1.69x | 91% |
| June 2026 | $4.0M | Current | No | 1.69x | 91% |
| May 2026 | $4.0M | Current | No | 1.69x | 91% |
| April 2026 | $4.0M | Current | No | 1.21x | 84% |
| March 2026 | $4.0M | Current | No | 1.21x | 84% |
| February 2026 | $4.0M | Current | No | 1.21x | 84% |
| January 2026 | $4.0M | Current | No | 1.21x | 84% |
| December 2025 | $4.0M | Current | No | 1.21x | 84% |
| November 2025 | $4.0M | Current | No | 1.23x | 88% |
| October 2025 | $4.0M | Current | No | 1.23x | 88% |
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 2024-5YR8 | 28 | $4,050,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Arizona loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Radisson Yuma | Yuma, AZ | Hotel | $12.3M | 5.95% | Feb 2029 | 0.93x | 54% | Current |
| Storwise Self Storage Yuma | Yuma, AZ | Self storage | $5.4M | 4.15% | Aug 2029 | 2.76x | 87% | 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.