Industrial · Mableton, Georgia
740 Veterans Memorial Hwy
740 Veterans Memorial Hwy is financed with a $5.1M CMBS loan at 7.795% that reaches maturity on May 1, 2034, in 7 years and 6 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer and 90+ days delinquent.
The loan
- Balance in tracked trusts
- $5,094,884
- Original balance (same notes)
- $5,150,000
- Interest rate
- 7.795% fixed
- Originated
- April 29, 2024
- Maturity
- May 1, 2034
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- January 31, 2034
- Master servicer
- Trimont LLC
- Originator
- Bank of America, National Association
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred August 1, 2025
- Workout strategy
- Other
- Defeasance
- None reported
The property
- Address
- 740 Veterans Memorial Highway Southeast, Mableton, GA 30126
- Metro
- Atlanta-Sandy Springs-Roswell, GA
- Rentable area
- 86,900 sq ft
- Built
- 1996
- Largest tenants
- JMV Quartz; Kenny's warehouse deal; Flowers and Decor
- Value at securitization
- $7.0M (Apr 2024)
Performance
| At securitization | Latest (Sep 2025) | |
|---|---|---|
| DSCR (NOI) | 1.33x | 1.08x |
| Occupancy | 100% | 60% |
| Net operating income (annualized from 9 months) | $593K | $481K |
| Debt yield | 9.4% |
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 BANK 2024-BNK47 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
On the cmbs.news watch list in all 11 monthly reports we hold (October 2025 to September 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 fallen from 100% when the loan was securitized to 60%.
- Net operating income is 19% below the underwritten figure ($481K a year against $593K; the latest statement covers 9 months, annualized).
- Debt service coverage moved from 1.33x at securitization to 1.08x on the latest statements.
- The most recent valuation in the filing is $7.8M (July 8, 2026), against $7.0M at securitization.
- The filing gives Feb 2034 as the lease end date for the largest tenant (JMV Quartz), before the loan matures. Lenders look hard at that rollover.
The last 11 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $5.1M | 90+ days delinquent | Yes | 1.08x | 60% |
| August 2026 | $5.1M | 90+ days delinquent | Yes | 1.08x | 60% |
| July 2026 | $5.1M | 90+ days delinquent | Yes | 1.08x | 60% |
| June 2026 | $5.1M | 90+ days delinquent | Yes | 1.08x | 60% |
| April 2026 | $5.1M | 90+ days delinquent | Yes | 1.08x | 60% |
| March 2026 | $5.1M | 90+ days delinquent | Yes | 1.08x | 60% |
| February 2026 | $5.1M | 90+ days delinquent | Yes | 1.08x | 60% |
| January 2026 | $5.1M | 90+ days delinquent | Yes | n/a | n/a |
| December 2025 | $5.1M | 90+ days delinquent | Yes | n/a | n/a |
| November 2025 | $5.1M | 60-89 days delinquent | Yes | n/a | n/a |
| October 2025 | $5.1M | 30-59 days delinquent | Yes | 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.
Special-servicing history
- Transferred to the special servicer August 1, 2025, still there.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BANK 2024-BNK47 | 33 | $5,094,884 | Sep 2026 | SEC filing, September 29, 2026 |
Other Atlanta-Sandy Springs-Roswell loans due in 2034
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Fayette Pavilion | Fayetteville, GA | Retail | $94.1M | 6.956% | Mar 2034 | 1.36x | 77% | Current |
| Medlock Crossing | Duluth, GA | Retail | $26.9M | 7.29% | Feb 2034 | 1.58x | 99% | Current |
| East West Commons | Austell, GA | Retail | $18.0M | 6.17% | Aug 2034 | 1.59x | 98% | Current |
| Singleton Square | Norcross, GA | Retail | $12.4M | 6.682% | Dec 2034 | n/a | n/a | Current |
| Candlewood Suites Mcdonough | McDonough, GA | Hotel | $11.6M | 8.013% | Mar 2034 | 1.79x | 88% | Current |
| Brookwood Square, Austell (2034 maturity) | Austell, GA | Retail | $9.8M | 7.348% | May 2034 | 1.95x | 99% | Current |
| Hampton Inn Cartersville | Cartersville, GA | Hotel | $6.1M | 8.065% | Jul 2034 | 0.97x | 73% | 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.