Multifamily · Fort Walton Beach, Florida
Coastline Apartments
Public CMBS trusts hold $48.0M of the loan on Coastline Apartments at 5.753% that reaches maturity on February 6, 2029, in 2 years and 3 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $48,000,000
- Original balance (same notes)
- $48,000,000
- Interest rate
- 5.753% fixed
- Originated
- January 31, 2024
- Maturity
- February 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- November 5, 2028
- Master servicer
- Midland Loan Services
- Originator
- Argentic Real Estate Finance 2 LLC; Bank of Montreal
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 912 & 921 Denton Boulevard 214 Racetrack Road, Fort Walton Beach, FL 32547
- Metro
- Crestview-Fort Walton Beach-Destin, FL
- Units, rooms or beds
- 301
- Built
- 1989, renovated 2019
- Value at securitization
- $65.9M (Jan 2024)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.46x | n/a |
| Occupancy | 97% | n/a |
| Net operating income | $4.1M | n/a |
Watch flags
Computed from the Benchmark 2024-V6 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 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.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $48.0M | Current | No | n/a | n/a |
| August 2026 | $48.0M | Current | No | n/a | n/a |
| July 2026 | $48.0M | Current | No | n/a | n/a |
| June 2026 | $48.0M | Current | No | n/a | n/a |
| May 2026 | $48.0M | Current | No | n/a | n/a |
| April 2026 | $48.0M | Current | No | 2.61x | 97% |
| March 2026 | $48.0M | Current | No | 2.61x | 97% |
| February 2026 | $48.0M | Current | No | 2.61x | 97% |
| January 2026 | $48.0M | Current | No | 2.61x | 97% |
| December 2025 | $48.0M | Current | No | 2.61x | 97% |
| November 2025 | $48.0M | Current | No | n/a | n/a |
| October 2025 | $48.0M | 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.
Where the loan sits
The loan is split into 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BMO 2024-5C4 Mortgage Trust | 6 | $38,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
| Benchmark 2024-V6 Mortgage Trust | 29 | $10,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other Crestview-Fort Walton Beach-Destin loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Estates at Palm Bay | Fort Walton Beach, FL | Multifamily | $60.7M | 6.55% | Sep 2029 | 1.24x | 92% | With the special servicer and 90+ days delinquent |
| Sunset King Lake | DeFuniak Springs, FL | Manufactured housing | $4.8M | 7.80% | Jun 2029 | 0.71x | 32% | Current |
| Offices on Grand Boulevard | Miramar Beach, FL | Office | $2.4M | 4.915% | Jan 2029 | 4.81x | 94% | Current |
All loans maturing in 2029 · All Crestview-Fort Walton Beach-Destin loans
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.