Multifamily portfolio, 4 properties · Hoover, Alabama
AL & SC Multifamily Portfolio
This portfolio is financed with a $30.4M CMBS loan at 7.03% that reaches maturity on November 6, 2029, in 3 years. 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
- $30,350,000
- Original balance (same notes)
- $30,350,000
- Interest rate
- 7.03% fixed
- Originated
- October 7, 2024
- Maturity
- November 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- May 5, 2029
- Master servicer
- Midland Loan Services
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred May 8, 2026
- Workout strategy
- Other
- Defeasance
- None reported
The property
- Address
- 3400 Treeline Court, Hoover, AL 35216
- Metro
- Birmingham, AL
- Value at securitization
- $52.0M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income | $2.9M | n/a |
Watch flags
Computed from the BMO 2024-5C7 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
On the cmbs.news watch list in every report since March 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.
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| AL & SC Multifamily Portfolio | Hoover, AL | Multifamily | n/a | n/a |
| The Place at Galleria | Hoover, AL | Multifamily | n/a | n/a |
| Silver Creek Apartments | Greenville, SC | Multifamily | n/a | n/a |
| Broadway Apartments | Greenville, SC | Multifamily | n/a | n/a |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $30.4M | 90+ days delinquent | Yes | n/a | n/a |
| August 2026 | $30.4M | 90+ days delinquent | Yes | n/a | n/a |
| July 2026 | $30.4M | 90+ days delinquent | Yes | n/a | n/a |
| June 2026 | $30.4M | 90+ days delinquent | Yes | n/a | n/a |
| May 2026 | $30.4M | 60-89 days delinquent | No | n/a | n/a |
| April 2026 | $30.4M | 30-59 days delinquent | No | n/a | n/a |
| March 2026 | $30.4M | 30-59 days delinquent | No | n/a | n/a |
| February 2026 | $30.4M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| January 2026 | $30.4M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| December 2025 | $30.4M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| November 2025 | $30.4M | Current | No | n/a | n/a |
| October 2025 | $30.4M | 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.
Special-servicing history
- Transferred to the special servicer May 8, 2026, 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 |
|---|---|---|---|---|
| BMO 2024-5C7 Mortgage Trust | 13 | $30,350,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other Birmingham loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Encompass Health Corporation | Birmingham, AL | Industrial | $84.6M | 3.65% | Oct 2029 | n/a | n/a | Current |
| Wildwood Centre | Homewood, AL | Retail | $12.0M | 3.90% | Nov 2029 | 1.93x | 94% | Current |
| Residence Inn - Hoover AL | Hoover, AL | Hotel | $10.2M | 3.82% | Sep 2029 | 2.54x | 75% | Current |
| Holiday Inn Express, Pell City | Pell City, AL | Hotel | $8.6M | 4.57% | Apr 2029 | n/a | n/a | Current |
| Beacon Center Office Park | Birmingham, AL | Office | $4.2M | 4.05% | Oct 2029 | 2.04x | 79% | 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.