Retail · Lahaina, Hawaii
Whalers Village
2435 Kaanapali Parkway, Lahaina, HI · Google Maps
Public CMBS trusts hold $87.0M of the loan on Whalers Village at 5.545% that reaches maturity on August 1, 2031, in 4 years and 9 months. As of the Oct 2026 servicer report its status is current.
The loan
- Balance in tracked trusts
- $87,000,000
- Original balance (same notes)
- $87,000,000
- Interest rate
- 5.545% fixed
- Originated
- July 31, 2026
- Maturity
- August 1, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- January 31, 2031
- Master servicer
- Trimont LLC
- Originator
- JPMorgan Chase Bank, N.A.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 2435 Kaanapali Parkway, Lahaina, HI 96761
- Rentable area
- 120,828 sq ft
- Built
- 1971, renovated 2017
- Largest tenants
- HULA GRILL; LEILANIS ON THE BEACH; MONKEYPOD KITCHEN BY MERRIMAN
- Value at securitization
- $423.9M (Jul 2026)
Performance
| Measure | At securitization | Latest |
|---|---|---|
| DSCR (NOI) | 3.04x | n/a |
| Occupancy | 100% | n/a |
| Net operating income | $27.3M | n/a |
No debt yield is shown: the notes in the trusts below add up to only part of this loan, and the rest is held outside the public trusts tracked here, so the whole balance is not in these filings.
Comparable loans: retail properties in Hawaii, with NOI, occupancy and value.
Watch flags
Computed from the BANK5 2026-5YR24 filing for the reporting period ending October 13, 2026, filed with the SEC October 30, 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.
Who is behind this loan
- Non-recourse carveout guarantor
- Shown with Pro
- Sponsor
- Shown with Pro
- Parties and contacts named by the trust
- Shown with Pro
Source: SEC Form 424B2 prospectus, Annex A-1, filed Aug 2026.
Source: SEC Form 10-D, Exhibit 99.1 distribution statement, filed Oct 2026.
Operating statement
| Annual | At securitization | Latest | Per sq ft |
|---|---|---|---|
| Revenue | $37.6M | n/a | |
| Operating expenses | $10.3M | n/a | |
| Net operating income | $27.3M | n/a | |
| Net cash flow | $27.1M | n/a | |
| Expense ratio | 27.4% | n/a |
From the servicer's Schedule AL report; 120,828 sq ft; renovated 2017.
Largest tenants
| Tenant | Sq ft | Share of building | Lease ends |
|---|---|---|---|
| HULA GRILL | 10,500 | 9% | Dec 2031 |
| LEILANIS ON THE BEACH | 9,647 | 8% | Dec 2032 |
| MONKEYPOD KITCHEN BY MERRIMAN | 9,108 | 8% | Feb 2032 |
Red: the lease ends before the loan matures.
Refinance and early payoff, at today's rates
This estimate uses today's Treasury curve and needs JavaScript.
Rough estimates, not quotes. New loan: the filed NOI divided by the coverage you set, at the Treasury yield for the term plus your spread. Early payoff: the present value of the remaining scheduled payments to the open date at today's Treasury yields, less the balance, which is roughly what defeasance or yield maintenance costs. Loan documents, fees and the securities bought change the real number. Treasury yields: U.S. Treasury daily par curve.
The last 3 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $87.0M | Current | No | n/a | n/a |
| September 2026 | $87.0M | Current | No | n/a | n/a |
| August 2026 | $87.0M | Current | No | 2.80x | 100% |
From each trust's ABS-EE filing for that month. Coverage and occupancy change only when the servicer reports new statements.
Where the loan sits
The loan is split into 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Asset no. in that trust | Balance | Report period | Source |
|---|---|---|---|---|
| BANK5 2026-5YR24 | 1 | $70,000,000 | Oct 2026 | SEC filing, October 30, 2026 |
| BANK5 2026-5YR24 | 1A | $17,000,000 | Oct 2026 | SEC filing, October 30, 2026 |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending October 13, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.