Retail · Mooresville, North Carolina
Bjs Mooresville
Bjs Mooresville is financed with a $13.5M CMBS loan at 7.03% that reaches its anticipated repayment date on March 6, 2034, in 7 years and 4 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $13,500,000
- Original balance (same notes)
- $13,500,000
- Interest rate
- 7.03% fixed
- Originated
- March 6, 2024
- Maturity
- September 6, 2037
- Anticipated repayment date
- March 6, 2034 (the rate steps up if the loan is not repaid by then)
- Payments
- Interest only for the full term
- Prepayment premium ends
- September 5, 2033 (yield maintenance)
- Master servicer
- Trimont LLC
- Originator
- Ladder Capital Finance LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 141 Gallery Center Drive, Mooresville, NC 28117
- Metro
- Charlotte-Concord-Gastonia, NC-SC
- Rentable area
- 108,528 sq ft
- Built
- 2000
- Largest tenants
- BJ's Wholesale Club
- Value at securitization
- $22.0M (Mar 2023)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 1.65x | 1.51x |
| Occupancy | 100% | 100% |
| Net operating income | $1.6M | $1.4M |
| Debt yield | 10.7% |
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-C8 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 9% below the underwritten figure ($1.4M a year against $1.6M).
- Debt service coverage moved from 1.65x at securitization to 1.51x on the latest statements.
- The filing gives Sep 2032 as the lease end date for the largest tenant (BJ's Wholesale Club), before the loan matures. Lenders look hard at that rollover.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $13.5M | Current | No | 1.51x | 100% |
| August 2026 | $13.5M | Current | No | 1.51x | 100% |
| July 2026 | $13.5M | Current | No | 1.51x | 100% |
| June 2026 | $13.5M | Current | No | 1.51x | 100% |
| May 2026 | $13.5M | Current | No | 1.51x | 100% |
| April 2026 | $13.5M | Current | No | 1.50x | 100% |
| March 2026 | $13.5M | Current | No | 1.50x | 100% |
| February 2026 | $13.5M | Current | No | 1.50x | 100% |
| January 2026 | $13.5M | Current | No | 1.50x | 100% |
| December 2025 | $13.5M | Current | No | 1.50x | 100% |
| November 2025 | $13.5M | Current | No | 1.50x | 100% |
| October 2025 | $13.5M | Current | No | 1.50x | 100% |
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 |
|---|---|---|---|---|
| BMO 2024-C8 Mortgage Trust | 14 | $13,500,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other Charlotte-Concord-Gastonia loans due in 2034
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Ac Charlotte Southpark | Charlotte, NC | Hotel | $17.6M | 6.02% | Oct 2034 | 3.48x | 74% | Current |
| North Carolina Cornerstone Portfolio | NC | Other | $13.2M | 6.96% | Aug 2034 | 1.56x | 100% | Current |
| The Dilworth | Charlotte, NC | Mixed use | $7.1M | 6.73% | Aug 2034 | 1.64x | 100% | 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.