Industrial · Columbus, Ohio
Columbus Business Park
Public CMBS trusts hold $62.0M of the loan on Columbus Business Park at 7.04% that reaches maturity on May 5, 2029, in 2 years and 6 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $62,000,000
- Original balance (same notes)
- $62,000,000
- Interest rate
- 7.04% fixed
- Originated
- April 19, 2024
- Maturity
- May 5, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ended
- June 4, 2026
- Prepayment premium ends
- December 4, 2028 (yield maintenance)
- Master servicer
- Midland Loan Services
- Originator
- JPMCB
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 4545 Fisher Road, Columbus, OH 43228
- Metro
- Columbus, OH
- Rentable area
- 2,183,325 sq ft
- Built
- 1976, renovated 2023
- Largest tenants
- Ford Motor Company; Redhawk Global LLC; PECO Pallet Inc.
- Value at securitization
- $147.0M (Feb 2024)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 2.10x | 2.48x |
| Occupancy | 88% | 59% |
| Net operating income (annualized from 3 months) | $9.3M | $11.1M |
| Debt yield | 17.9% |
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 Benchmark 2024-V7 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- Occupancy down 10 points or more from securitization
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 88% when the loan was securitized to 59%.
- Net operating income is 20% above the underwritten figure ($11.1M a year against $9.3M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 2.10x at securitization to 2.48x on the latest statements.
- The filing gives Apr 2028 as the lease end date for the largest tenant (Ford Motor Company), 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 | $62.0M | Current | No | 2.48x | 59% |
| August 2026 | $62.0M | Current | No | 2.48x | 59% |
| July 2026 | $62.0M | Current | No | 2.48x | 59% |
| June 2026 | $62.0M | Current | No | 2.83x | 60% |
| May 2026 | $62.0M | Current | No | 2.83x | 60% |
| April 2026 | $62.0M | Current | No | 2.76x | 60% |
| March 2026 | $62.0M | Current | No | 2.76x | 64% |
| February 2026 | $62.0M | Current | No | 2.76x | 64% |
| January 2026 | $62.0M | Current | No | 2.76x | 64% |
| December 2025 | $62.0M | Current | No | n/a | n/a |
| November 2025 | $62.0M | Current | No | n/a | n/a |
| October 2025 | $62.0M | 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 3 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BANK5 2024-5YR7 | 18 | $24,800,000 | Sep 2026 | SEC filing, October 1, 2026 |
| Benchmark 2024-V9 Mortgage Trust | 16 | $23,200,000 | Sep 2026 | SEC filing, September 28, 2026 |
| Benchmark 2024-V7 Mortgage Trust | 17 | $14,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other Columbus loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 80 on the Commons | Columbus, OH | Mixed use | $47.3M | 2.95% | Nov 2029 | 3.34x | n/a | Current |
| AC Marriott Bridge Park | Dublin, OH | Hotel | $39.4M | 8.28% | May 2029 | 1.60x | 79% | Current |
| Northwoods Apartments | Columbus, OH | Multifamily | $34.8M | 6.20% | Aug 2029 | n/a | n/a | Current |
| The Lincoln | Columbus, OH | Office | $34.1M | 4.24% | Nov 2029 | n/a | n/a | Current |
| Jefferson Grove | Blacklick, OH | Multifamily | $13.9M | 4.95% | Feb 2029 | 1.83x | 97% | Current |
| 223 East Town Street Apartments | Columbus, OH | Multifamily | $13.6M | 4.934% | Mar 2029 | 1.13x | 93% | Current |
| Crescent Ridge | Grove City, OH | Multifamily | $11.5M | 4.11% | Jun 2029 | 1.97x | 95% | Current |
| 6000 Parkwood | Dublin, OH | Office | $10.5M | 4.071% | Dec 2029 | 2.39x | 78% | 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.