Self storage portfolio, 13 properties · Somerville, Massachusetts
39R Medford Street
Public CMBS trusts hold $118.0M of the loan on this portfolio at 5.99% 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 current.
The loan
- Balance in tracked trusts
- $118,000,000
- Original balance (same notes)
- $118,000,000
- Interest rate
- 5.99% fixed
- Originated
- August 26, 2024
- Maturity
- September 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- April 5, 2029
- Master servicer
- Midland Loan Services
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 39R Medford Street, Somerville, MA 02143
- Metro
- Boston-Cambridge-Newton, MA-NH
- Value at securitization
- $176.6M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income | $10.4M | $8.9M |
| Debt yield | 7.5% |
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 BMO 2024-5C6 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 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.
What the filing shows
- Net operating income is 14% below the underwritten figure ($8.9M a year against $10.4M).
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| 39R Medford Street | Somerville, MA | Self Storage | n/a | n/a |
| 100 Southampton Street | Boston, MA | Self Storage | n/a | n/a |
| 307 South Lincoln Avenue | Washingtion, NJ | Self Storage | n/a | n/a |
| 33 Traveler Street | Boston, MA | Self Storage | n/a | n/a |
| 350 Alumni Road | Newington, CT | Self Storage | n/a | n/a |
| Prime Northeast | Brookfield, CT | Self Storage | 85% | 1.24x |
| 1320 S. West End Boulevard | Quakertown, PA | Self Storage | n/a | n/a |
| 1191 and 1195 US Highway Route 22 | Philllipsburg, NJ | Self Storage | n/a | n/a |
| 400 Tyburn Road | Fairless Hills, PA | Self Storage | n/a | n/a |
| 901 Egg Harbor Road | Lindenwold, NJ | Self Storage | n/a | n/a |
| 156 Danbury Road | New Milford, CT | Self Storage | n/a | n/a |
| 1641 Hyde Park Avenue | Hyde Park, MA | Self Storage | n/a | n/a |
| 10 Route 173 | Clinton, NJ | Self Storage | n/a | n/a |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $118.0M | Current | No | n/a | n/a |
| August 2026 | $118.0M | Current | No | n/a | n/a |
| July 2026 | $118.0M | Current | No | n/a | n/a |
| June 2026 | $118.0M | Current | No | n/a | n/a |
| May 2026 | $118.0M | Current | No | n/a | n/a |
| April 2026 | $118.0M | Current | No | n/a | n/a |
| March 2026 | $118.0M | Current | No | n/a | n/a |
| February 2026 | $118.0M | Current | No | n/a | n/a |
| January 2026 | $118.0M | Current | No | n/a | n/a |
| December 2025 | $118.0M | Current | No | n/a | n/a |
| November 2025 | $118.0M | Current | No | n/a | n/a |
| October 2025 | $118.0M | 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
The loan is split into 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Benchmark 2024-V11 Mortgage Trust | 7 | $65,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
| BMO 2024-5C6 Mortgage Trust | 2 | $53,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other Boston-Cambridge-Newton loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 610 Main Street North | Cambridge, MA | Mixed use | $160.0M | 3.797% | Jun 2029 | n/a | n/a | Current |
| 30 Jacks Bridge Road | Londonderry, NH | Industrial | $116.0M | 3.82% | Nov 2029 | n/a | n/a | Current |
| 200 Sidney | Cambridge, MA | Mixed use | $103.5M | 5.488% | Aug 2029 | n/a | n/a | Current |
| 125 Summer | Boston, MA | Office | $102.6M | 6.567% | Nov 2029 | 1.92x | 89% | Current |
| Linx | Watertown, MA | Mixed use | $94.0M | 5.795% | Sep 2029 | 2.22x | 90% | Current |
| 201 Merrimack Street | Lawrence, MA | Industrial | $62.5M | 6.89% | Sep 2029 | n/a | n/a | Current |
| 280 and 290 Merrimack Street | Lawrence, MA | Mixed use | $60.0M | 7.01% | Dec 2029 | n/a | n/a | Current |
| Wareham Crossing | Wareham, MA | Retail | $48.6M | 6.421% | Nov 2029 | 2.06x | 97% | Current |
All loans maturing in 2029 · All Boston-Cambridge-Newton 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.