Multifamily portfolio, 3 properties · South Carolina
BBR Apartment Portfolio
This portfolio is financed with a $7.5M CMBS loan at 7.00% that reaches maturity on August 11, 2029, in 2 years and 9 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $7,500,000
- Original balance (same notes)
- $7,500,000
- Interest rate
- 7.00% fixed
- Originated
- August 2, 2024
- Maturity
- August 11, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- February 10, 2029
- Originator
- WFB
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Units, rooms or beds
- 120
- Built
- 1999, renovated 2024
- Value at securitization
- $12.3M (Jul 2024)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.41x | 1.70x |
| Occupancy | 98% | 91% |
| Net operating income (annualized from 6 months) | $752K | $912K |
| Debt yield | 12.2% |
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 BANK5 2024-5YR10 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
- Occupancy has fallen from 98% when the loan was securitized to 91%.
- Net operating income is 21% above the underwritten figure ($912K a year against $752K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.41x at securitization to 1.70x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $7.5M | Current | No | 1.70x | 91% |
| August 2026 | $7.5M | Current | No | 1.57x | 98% |
| July 2026 | $7.5M | Current | No | 1.57x | 98% |
| June 2026 | $7.5M | Current | No | 1.57x | 98% |
| May 2026 | $7.5M | Current | No | 1.57x | 98% |
| April 2026 | $7.5M | Current | No | 1.57x | 98% |
| March 2026 | $7.5M | Current | No | 1.57x | 98% |
| February 2026 | $7.5M | Current | No | 1.57x | 98% |
| January 2026 | $7.5M | Current | No | 1.84x | 99% |
| December 2025 | $7.5M | Current | No | 1.84x | 99% |
| November 2025 | $7.5M | Current | No | 1.84x | 99% |
| October 2025 | $7.5M | Current | No | 1.48x | 98% |
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 |
|---|---|---|---|---|
| BANK5 2024-5YR10 | 28 | $7,500,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other South Carolina loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 6400 Augusta Road | Greenville, SC | Industrial | $35.0M | 4.38% | Sep 2029 | n/a | n/a | Current |
| Mosby Poinsett | Greenville, SC | Multifamily | $29.9M | 3.825% | Oct 2029 | 2.60x | 93% | Current |
| Crowne Plaza North Augusta | North Augusta, SC | Hotel | $29.0M | 7.797% | Dec 2029 | 2.20x | 67% | Current |
| The Abner Apartments | Spartanburg, SC | Multifamily | $26.5M | 6.35% | Oct 2029 | n/a | n/a | Late, less than 30 days |
| Compucom World Headquarters | Fort Mill, SC | Office | $23.5M | 5.06% | Jan 2029 | 1.79x | 100% | Current |
| 8571 Rivers Ave | North Charleston, SC | Office | $21.3M | 4.05% | Nov 2029 | n/a | n/a | Current |
| Oakbrook Station | Summerville, SC | Retail | $18.6M | 6.60% | Jan 2029 | 1.21x | 100% | Current |
| 901 Triple Oak | Greer, SC | Multifamily | $14.5M | 3.684% | Nov 2029 | 2.69x | 95% | 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.