Office · Arlington, Virginia
1812 North Moore
Public CMBS trusts hold $172.7M of the loan on 1812 North Moore at 7.53% that reaches maturity on May 6, 2029, in 2 years and 6 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
- $172,687,508
- Original balance (same notes)
- $173,000,000
- Interest rate
- 7.53% fixed
- Originated
- April 10, 2024
- Maturity
- May 6, 2029
- Payments
- Interest only for 24 months, then amortizing
- Prepayment lockout ends
- November 5, 2028
- Master servicer
- Midland Loan Services
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Late payment but less than 30 days delinquent (code B)
- Special servicing
- No transfer reported
- Modified
- Yes, most recently May 13, 2026
- Defeasance
- None reported
The property
- Address
- 1812 North Moore Street, Arlington, VA 22209
- Metro
- Washington-Arlington-Alexandria, DC-VA-MD-WV
- Rentable area
- 536,492 sq ft
- Built
- 2013
- Largest tenants
- Nestle USA, Inc.; HNTB Corporation; Humana Real Estate Company
- Value at securitization
- $315.0M (Feb 2024)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.65x | 0.96x |
| Occupancy | 84% | 99% |
| Net operating income (annualized from 6 months) | $24.1M | $25.9M |
| Debt yield | 15.0% |
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 BANK 2024-BNK47 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- Modified
On the cmbs.news watch list in every report since June 2026.
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 84% when the loan was securitized to 99%.
- Net operating income is 7% above the underwritten figure ($25.9M a year against $24.1M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.65x at securitization to 0.96x on the latest statements.
- At 0.96x, the property's reported NOI does not cover its debt service.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $172.7M | Late payment but less than 30 days delinquent | No | 0.96x | 99% |
| August 2026 | $172.8M | Late payment but less than 30 days delinquent | No | 0.96x | 99% |
| July 2026 | $173.0M | 30-59 days delinquent | No | 0.87x | 99% |
| June 2026 | $173.0M | Late payment but less than 30 days delinquent | No | 0.87x | 99% |
| May 2026 | $148.0M | Current | No | n/a | n/a |
| April 2026 | $173.0M | Current | No | 1.51x | 87% |
| March 2026 | $173.0M | Current | No | 1.51x | 87% |
| February 2026 | $173.0M | Current | No | 1.51x | 87% |
| January 2026 | $173.0M | Current | No | 1.57x | 87% |
| December 2025 | $173.0M | Current | No | 1.57x | 87% |
| November 2025 | $173.0M | Current | No | 1.57x | 87% |
| October 2025 | $173.0M | Current | No | 1.51x | 87% |
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
The loan is split into 6 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Benchmark 2024-V7 Mortgage Trust | 2 | $69,873,558 | Sep 2026 | SEC filing, September 28, 2026 |
| BMO 2024-5C5 Mortgage Trust | 9 | $37,931,360 | Sep 2026 | SEC filing, October 2, 2026 |
| BMO 2024-5C4 Mortgage Trust | 12 | $29,945,811 | Sep 2026 | SEC filing, October 2, 2026 |
| BANK 2024-BNK47 | 16A | $19,963,874 | Sep 2026 | SEC filing, September 29, 2026 |
| BMO 2024-C9 Mortgage Trust | 29 | $9,981,937 | Sep 2026 | SEC filing, October 2, 2026 |
| BANK 2024-BNK47 | 16 | $4,990,968 | Sep 2026 | SEC filing, September 29, 2026 |
Other Washington-Arlington-Alexandria loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Parklawn Building | Rockville, MD | Office | $261.6M | 3.398% | Nov 2029 | 2.79x | 73% | Current |
| Uline Arena | Washington, DC | Mixed use | $120.0M | 4.04% | Aug 2029 | 1.68x | 94% | Current |
| 425 Eye Street | Washington, DC | Office | $102.2M | 1.00% | Jan 2029 | 3.57x | 77% | Current |
| 2001 K Street | Washington, DC | Office | $95.0M | 7.388% | May 2029 | 1.43x | 97% | Current |
| Tysons Corner Center - Office Tower | McLean, VA | Office | $95.0M | 3.33% | Oct 2029 | n/a | n/a | Current |
| Potomac Tower | Arlington, VA | Office | $84.0M | 7.60% | Sep 2029 | 1.66x | 100% | Current |
| Powered Shell Portfolio - Manassas DC-18 | Manassas, VA | Industrial | $83.8M | 3.637% | Jul 2029 | n/a | n/a | Current |
| Watergate Office Building | Washington DC, DC | Office | $73.0M | 3.73% | Oct 2029 | 1.91x | 100% | Current |
All loans maturing in 2029 · All Washington-Arlington-Alexandria 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.