Office portfolio, 5 properties · Bethlehem, Pennsylvania
1525 Valley Center Parkway
This portfolio is financed with a $12.0M CMBS loan at 7.55% that reaches maturity on January 6, 2029, in 2 years and 2 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $11,971,199
- Original balance (same notes)
- $12,243,568
- Interest rate
- 7.55% fixed
- Originated
- January 4, 2024
- Maturity
- January 6, 2029
- Payments
- Amortizing over 30 years
- Master servicer
- KeyBank Real Estate Capital
- Originator
- AREF2
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1525 Valley Center Parkway, Bethlehem, PA 18017
- Metro
- Allentown-Bethlehem-Easton, PA-NJ
- Value at securitization
- $31.2M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income (annualized from 6 months) | n/a | $2.3M |
| Debt yield | 19.5% |
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-C24 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.
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| 1525 Valley Center Parkway | Bethlehem, PA | Office | 50% | 2.24x |
| 1480 Valley Center Parkway | Bethlehem, PA | Industrial | 100% | n/a |
| 1455 Valley Center Parkway | Bethlehem, PA | Office | 75% | n/a |
| 1510 Valley Center Parkway | Bethlehem, PA | Industrial | 68% | n/a |
| 1495 Valley Center Parkway | Bethlehem, PA | Office | 73% | n/a |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $12.0M | Not reported | No | 2.24x | 50% |
| August 2026 | $12.0M | Not reported | No | 2.24x | 50% |
| July 2026 | $12.0M | Not reported | No | 2.23x | 50% |
| June 2026 | $12.0M | Not reported | No | 2.23x | 50% |
| May 2026 | $12.0M | Not reported | No | 2.23x | 63% |
| April 2026 | $12.0M | Not reported | No | 2.23x | 63% |
| March 2026 | $12.0M | Not reported | No | n/a | 75% |
| February 2026 | $12.0M | Not reported | No | 2.20x | 63% |
| January 2026 | $12.0M | Not reported | No | 2.20x | 63% |
| December 2025 | $12.1M | Not reported | No | n/a | 66% |
| November 2025 | $12.1M | Not reported | No | 2.20x | 63% |
| October 2025 | $12.1M | Not reported | No | 2.20x | 63% |
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-C24 | 23 | $11,971,199 | Sep 2026 | SEC filing, September 29, 2026 |
Other Allentown-Bethlehem-Easton loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Wind Creek Casino & Resort | Bethlehem, PA | Other | $132.7M | 4.38% | Aug 2029 | n/a | n/a | Current |
| Mac Commons | Whitehall, PA | Retail | $48.0M | 4.02% | Sep 2029 | 1.58x | 90% | Current |
| The Hills at Lehigh Valley | Bethlehem, PA | Multifamily | $44.5M | 6.253% | Aug 2029 | n/a | n/a | Current |
| Horizons At The Village At Whitehall | Whitehall, PA | Multifamily | $22.4M | 6.15% | Aug 2029 | 1.50x | 99% | Current |
| The Commodore, Easton | Easton, PA | Multifamily | $17.5M | 6.74% | Oct 2029 | 1.19x | 84% | Late, less than 30 days |
| Lehigh Student Housing Portfolio | Bethlehem, PA | Multifamily | $15.0M | 4.75% | Aug 2029 | 1.36x | 100% | Current |
| Lehigh Valley Medical Office Building | Macungie, PA | Office | $7.1M | 4.19% | Sep 2029 | 2.85x | 100% | Current |
| Saucon Valley Crossing | Center Valley, PA | Manufactured housing | $6.7M | 6.30% | Aug 2029 | n/a | n/a | Current |
All loans maturing in 2029 · All Allentown-Bethlehem-Easton loans
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.