Retail · Inverness, Florida
Citrus Center
Citrus Center is financed with a $11.1M CMBS loan at 7.01% that reaches maturity on April 1, 2029, in 2 years and 5 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $11,100,000
- Original balance (same notes)
- $11,100,000
- Interest rate
- 7.01% fixed
- Originated
- March 27, 2024
- Maturity
- April 1, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ended
- May 31, 2026
- Prepayment premium ends
- October 31, 2028 (yield maintenance)
- Master servicer
- KeyBank National Association
- Originator
- KeyBank National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 2601-2691 & 2875 East Gulf to Lake Highway, Inverness, FL 34453
- Rentable area
- 142,196 sq ft
- Built
- 1987
- Largest tenants
- TJX Companies Inc.; Regal Cinemas; OfficeMax
- Value at securitization
- $18.3M (Jan 2024)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 1.84x | 2.09x |
| Occupancy | 95% | 98% |
| Net operating income | $1.5M | $1.7M |
| Debt yield | 14.9% |
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 BBCMS Mortgage Trust 2024-5C27 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Largest tenant's lease ends within 12 months
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 risen from 95% when the loan was securitized to 98%.
- Net operating income is 13% above the underwritten figure ($1.7M a year against $1.5M).
- Debt service coverage moved from 1.84x at securitization to 2.09x on the latest statements.
- The filing gives Mar 2027 as the lease end date for the largest tenant (TJX Companies Inc.), 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 | $11.1M | Current | No | 2.09x | 98% |
| August 2026 | $11.1M | Current | No | 2.09x | 98% |
| July 2026 | $11.1M | Current | No | 2.09x | 98% |
| June 2026 | $11.1M | Current | No | 2.09x | 98% |
| May 2026 | $11.1M | Current | No | 2.09x | 98% |
| April 2026 | $11.1M | Current | No | 2.25x | 98% |
| March 2026 | $11.1M | Current | No | 2.25x | 98% |
| February 2026 | $11.1M | Current | No | 2.25x | 98% |
| January 2026 | $11.1M | Current | No | 2.25x | 98% |
| December 2025 | $11.1M | Current | No | 2.25x | 98% |
| November 2025 | $11.1M | Current | No | 2.25x | 98% |
| October 2025 | $11.1M | Current | No | 2.25x | 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 |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2024-5C27 | 29 | $11,100,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Florida loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| The Reserve at Homosassa Springs | Homosassa, FL | Manufactured housing | $8.8M | 5.80% | Sep 2029 | 1.38x | 91% | Current |
| Holiday Inn Express Inverness | Lecanto, FL | Hotel | $5.4M | 4.00% | Sep 2029 | 3.28x | 84% | 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.