Self storage portfolio, 2 properties · North Carolina
AAA Storage Greensboro and Kernersville
This portfolio is financed with a $3.5M CMBS loan at 6.32% that reaches maturity on June 1, 2034, in 7 years and 7 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $3,500,000
- Original balance (same notes)
- $3,500,000
- Interest rate
- 6.32% fixed
- Originated
- May 14, 2024
- Maturity
- June 1, 2034
- Payments
- Interest only for the full term
- Prepayment lockout ends
- February 28, 2034
- Master servicer
- Trimont LLC
- Originator
- Morgan Stanley Bank, N.A.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Units, rooms or beds
- 693
- Built
- 1994
- Value at securitization
- $6.3M (Apr 2024)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.26x | 2.58x |
| Occupancy | 95% | 95% |
| Net operating income (annualized from 6 months) | $506K | $582K |
| Debt yield | 16.6% |
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.
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 15% above the underwritten figure ($582K a year against $506K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.26x at securitization to 2.58x on the latest statements.
The last 11 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $3.5M | Current | No | 2.58x | 95% |
| August 2026 | $3.5M | Current | No | 2.58x | 95% |
| July 2026 | $3.5M | Current | No | 2.62x | 88% |
| June 2026 | $3.5M | Current | No | 2.62x | 88% |
| April 2026 | $3.5M | Current | No | 2.61x | 92% |
| March 2026 | $3.5M | Current | No | 2.60x | 96% |
| February 2026 | $3.5M | Current | No | 2.60x | 96% |
| January 2026 | $3.5M | Current | No | 2.60x | 96% |
| December 2025 | $3.5M | Current | No | 2.60x | 96% |
| November 2025 | $3.5M | Current | No | 2.60x | 96% |
| October 2025 | $3.5M | Current | No | 2.67x | 96% |
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 |
|---|---|---|---|---|
| BANK 2024-BNK47 | 38 | $3,500,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other North Carolina loans due in 2034
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Biltmore Park Town Square | Asheville, NC | Mixed use | $90.0M | 6.51% | Sep 2034 | 1.61x | 88% | Current |
| Ac Charlotte Southpark | Charlotte, NC | Hotel | $17.6M | 6.02% | Oct 2034 | 3.48x | 74% | Current |
| Bjs Mooresville | Mooresville, NC | Retail | $13.5M | 7.03% | Mar 2034 | 1.51x | 100% | Current |
| North Carolina Cornerstone Portfolio | NC | Other | $13.2M | 6.96% | Aug 2034 | 1.56x | 100% | Current |
| Ogden Commons | Wilmington, NC | Retail | $8.3M | 7.39% | Dec 2034 | 1.52x | 100% | Current |
| The Dilworth | Charlotte, NC | Mixed use | $7.1M | 6.73% | Aug 2034 | 1.64x | 100% | Current |
| Snapbox Drop n Roll | NC | Self storage | $6.6M | 6.223% | Feb 2034 | 1.75x | 88% | Current |
| SUM Self Storage | Morganton, NC | Self storage | $3.2M | 7.83% | Jul 2034 | n/a | n/a | 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.