Office · Memphis, Tennessee
Crescent Center
Public CMBS trusts hold $52.0M of the loan on Crescent Center at 7.513% that reaches maturity on October 6, 2028, in 23 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $52,000,000
- Original balance (same notes)
- $52,000,000
- Interest rate
- 7.513% fixed
- Originated
- September 22, 2023
- Maturity
- October 6, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ends
- April 5, 2028
- Master servicer
- Trimont LLC
- Originator
- Greystone Select Company II LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 6075 Poplar Avenue, Memphis, TN 38119
- Metro
- Memphis, TN-MS-AR
- Rentable area
- 356,188 sq ft
- Built
- 1986, renovated 2020
- Largest tenants
- Butler Snow LLP; Simmons Bank; Benefit Recovery Group LLC
- Value at securitization
- $81.1M (Aug 2023)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 1.71x | 1.62x |
| Occupancy | 88% | 97% |
| Net operating income | $6.8M | $6.4M |
| Debt yield | 12.3% |
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 2024-5C3 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
- Occupancy has risen from 88% when the loan was securitized to 97%.
- Net operating income is 5% below the underwritten figure ($6.4M a year against $6.8M).
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $52.0M | Current | No | 1.62x | 97% |
| August 2026 | $52.0M | Current | No | 1.62x | 97% |
| July 2026 | $52.0M | Current | No | 1.62x | 97% |
| June 2026 | $52.0M | Current | No | 1.62x | 97% |
| May 2026 | $52.0M | Current | No | 1.62x | 97% |
| April 2026 | $52.0M | Current | No | 1.62x | 97% |
| March 2026 | $52.0M | Current | No | 1.62x | 97% |
| February 2026 | $52.0M | Current | No | 1.65x | 97% |
| January 2026 | $52.0M | Current | No | 1.65x | 97% |
| December 2025 | $52.0M | Current | No | 2.59x | 85% |
| November 2025 | $52.0M | Current | No | 2.59x | 85% |
| October 2025 | $52.0M | Current | No | 2.59x | 85% |
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 6 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BMO 2024-5C3 Mortgage Trust | 11 | $15,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
| BBCMS Mortgage Trust 2024-5C27 | 13 | $12,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| BMO 2024-5C3 Mortgage Trust | 11A | $10,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
| BBCMS Mortgage Trust 2024-5C27 | 13A | $6,250,000 | Sep 2026 | SEC filing, September 29, 2026 |
| Benchmark 2024-V6 Mortgage Trust | 35 | $5,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
| BMO 2024-5C3 Mortgage Trust | 11B | $3,750,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other Memphis loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Highland Chateau Property | Memphis, TN | Multifamily | $20.6M | 5.21% | Sep 2028 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Green Tree Villas | Memphis, TN | Multifamily | $10.5M | 8.18% | Nov 2028 | n/a | n/a | With the special servicer and 30-59 days delinquent |
| Addison Apartments III | Memphis, TN | Multifamily | $3.1M | 8.244% | Oct 2028 | 0.63x | 73% | 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.