Multifamily · Philadelphia, Pennsylvania
2315 N Front St
2315 N Front St is financed with a $13.8M CMBS loan at 6.396% 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 delinquent: 90+ days delinquent.
The loan
- Balance in tracked trusts
- $13,825,000
- Original balance (same notes)
- $13,825,000
- Interest rate
- 6.396% fixed
- Originated
- August 14, 2024
- Maturity
- September 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- March 5, 2029
- Master servicer
- Midland Loan Services
- Originator
- German American Capital Corporation
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 2315-2325 North Front Street, Philadelphia, PA 19133
- Metro
- Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
- Units, rooms or beds
- 63
- Built
- 2023
- Value at securitization
- $19.4M (Apr 2024)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.29x | n/a |
| Occupancy | 97% | n/a |
| Net operating income | $1.2M | n/a |
Watch flags
Computed from the Benchmark 2024-V10 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 30, 2026.
- 30+ days delinquent or matured unpaid
On the cmbs.news watch list in every report since July 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.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $13.8M | 90+ days delinquent | No | n/a | n/a |
| August 2026 | $13.8M | 60-89 days delinquent | No | n/a | n/a |
| July 2026 | $13.8M | 30-59 days delinquent | No | n/a | n/a |
| June 2026 | $13.8M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| May 2026 | $13.8M | Current | No | n/a | n/a |
| April 2026 | $13.8M | Current | No | 1.05x | 94% |
| March 2026 | $13.8M | Current | No | 1.04x | 92% |
| February 2026 | $13.8M | Current | No | 1.04x | 92% |
| January 2026 | $13.8M | Current | No | 1.04x | 92% |
| December 2025 | $13.8M | Current | No | n/a | n/a |
| November 2025 | $13.8M | Current | No | n/a | n/a |
| October 2025 | $13.8M | Current | No | n/a | 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 |
|---|---|---|---|---|
| Benchmark 2024-V10 Mortgage Trust | 19 | $13,825,000 | Sep 2026 | SEC filing, September 30, 2026 |
Other Philadelphia-Camden-Wilmington loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Cira Square | Philadelphia, PA | Office | $135.0M | 6.851% | Jun 2029 | 2.98x | 100% | Current |
| The Piazza | Philadelphia, PA | Multifamily | $108.5M | 5.91% | Aug 2029 | 1.15x | 100% | Current |
| Duane Morris Plaza | Philadelphia, PA | Office | $105.3M | 3.844% | Nov 2029 | 1.69x | 92% | Current |
| 3001 Red Lion Road | Philadelphia, PA | Office | $91.8M | 3.379% | Nov 2029 | n/a | n/a | Current |
| Hilton Penn's Landing | Philadelphia, PA | Hotel | $70.0M | 4.88% | Aug 2029 | 1.37x | 69% | Current |
| Presidential City | Philadelphia, PA | Multifamily | $60.0M | 3.498% | Sep 2029 | 0.91x | 92% | Current |
| One & Olney | Philadelphia, PA | Retail | $50.0M | 3.48% | Oct 2029 | 3.09x | 99% | Current |
| 1000 Chesterbrook | Berwyn, PA | Office | $37.9M | 4.14% | Oct 2029 | 1.72x | 100% | Current |
All loans maturing in 2029 · All Philadelphia-Camden-Wilmington 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.