Other · Wichita, Kansas
Bradley Fair
Bradley Fair is financed with a $30.0M CMBS loan at 6.385% that reaches maturity on March 5, 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
- $30,000,000
- Original balance (same notes)
- $30,000,000
- Interest rate
- 6.385% fixed
- Originated
- February 12, 2024
- Maturity
- March 5, 2034
- Payments
- Interest only for the full term
- Master servicer
- KeyBank Real Estate Capital
- Originator
- 3650 REIT 2
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 2000 North Rock Road, Wichita, KS 67206
- Rentable area
- 1,434,847 sq ft
- Built
- 1990, renovated 2004
- Largest tenants
- Bradley Fair - Ground Lease
- Value at securitization
- $40.0M (Dec 2023)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | n/a | 0.94x |
| Occupancy | n/a | 100% |
| Net operating income (annualized from 6 months) | n/a | $1.8M |
| Debt yield | 6.1% |
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-C10 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- Coverage below 1.00x
On the cmbs.news watch list in every report since June 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
- At 0.94x, the property's reported NOI does not cover its debt service.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $30.0M | Not reported | No | 0.94x | 100% |
| August 2026 | $30.0M | Not reported | No | 0.12x | 95% |
| July 2026 | $30.0M | Not reported | No | 0.12x | 95% |
| June 2026 | $30.0M | Not reported | No | 0.12x | 91% |
| May 2026 | $30.0M | Not reported | No | n/a | 91% |
| April 2026 | $30.0M | Not reported | No | n/a | 91% |
| March 2026 | $30.0M | Not reported | No | n/a | 91% |
| February 2026 | $30.0M | Not reported | No | n/a | n/a |
| January 2026 | $30.0M | Not reported | No | n/a | n/a |
| December 2025 | $30.0M | Not reported | No | n/a | n/a |
| November 2025 | $30.0M | Not reported | No | n/a | n/a |
| October 2025 | $30.0M | Not reported | No | n/a | 89% |
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-C10 Mortgage Trust | 10 | $30,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
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.