Industrial · Spartanburg, South Carolina
140-150 Access Road
140-150 Access Road is financed with a $5.5M CMBS loan at 7.60% that reaches maturity on September 6, 2029, in 2 years and 10 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is late, less than 30 days.
The loan
- Balance in tracked trusts
- $5,500,000
- Original balance (same notes)
- $5,500,000
- Interest rate
- 7.60% fixed
- Originated
- August 15, 2024
- Maturity
- September 6, 2029
- Payments
- Amortizing
- Master servicer
- KeyBank Real Estate Capital
- Originator
- BMO
Status
- Payment status
- Late payment but less than 30 days delinquent (code B)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 140-150 Access Road, Spartanburg, SC 29303
- Rentable area
- 35,232 sq ft
- Built
- 1972, renovated 2004
- Largest tenants
- Landair; Custom Ecology
- Value at securitization
- $7.7M (Jun 2024)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | n/a | 1.36x |
| Occupancy | 100% | 100% |
| Net operating income | n/a | $574K |
| Debt yield | 10.4% |
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 BBCMS Mortgage Trust 2024-5C29 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Largest tenant's lease ends within 12 months
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
- The filing gives Jun 2027 as the lease end date for the largest tenant (Landair), before the loan matures. Lenders look hard at that rollover.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $5.5M | Late payment but less than 30 days delinquent | No | 1.36x | 100% |
| August 2026 | $5.5M | Not reported | No | 1.36x | 100% |
| July 2026 | $5.5M | Not reported | No | 1.51x | 100% |
| June 2026 | $5.5M | Not reported | No | 1.51x | 100% |
| May 2026 | $5.5M | Not reported | No | 1.33x | 100% |
| April 2026 | $5.5M | Not reported | No | 1.33x | 100% |
| March 2026 | $5.5M | Not reported | No | 1.33x | 100% |
| February 2026 | $5.5M | Not reported | No | 1.33x | n/a |
| January 2026 | $5.5M | Not reported | No | 1.33x | n/a |
| December 2025 | $5.5M | Not reported | No | 1.39x | n/a |
| November 2025 | $5.5M | Not reported | No | 1.39x | n/a |
| October 2025 | $5.5M | Not reported | No | 1.39x | n/a |
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 |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2024-5C29 | 46 | $5,500,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other South Carolina loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| The Abner Apartments | Spartanburg, SC | Multifamily | $26.5M | 6.35% | Oct 2029 | n/a | n/a | Late, less than 30 days |
| Anchor MHC and Tropical Circle MHC Portfolio | SC | Manufactured housing | $4.8M | 6.392% | Jun 2029 | 1.64x | 100% | Current |
| Walgreens Spartanburg | Spartanburg, SC | Retail | $3.3M | 4.537% | Aug 2029 | 1.89x | 100% | Current |
| Best Western Plus Spartanburg | Boiling Springs, SC | Hotel | $3.1M | 5.40% | Apr 2029 | 2.02x | 67% | 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.