Multifamily · Washington, District of Columbia
Cunningham Apartments
Cunningham Apartments is financed with a $18.5M CMBS loan at 6.80% that reaches maturity on November 6, 2029, in 3 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer and 90+ days delinquent.
The loan
- Balance in tracked trusts
- $18,500,000
- Original balance (same notes)
- $18,500,000
- Interest rate
- 6.80% fixed
- Originated
- October 9, 2024
- Maturity
- November 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- May 5, 2029
- Master servicer
- Midland Loan Services
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred February 11, 2025
- Workout strategy
- Other
- Defeasance
- None reported
The property
- Address
- 429-431 Kennedy Street NW, Washington, DC 20011
- Metro
- Washington-Arlington-Alexandria, DC-VA-MD-WV
- Units, rooms or beds
- 37
- Built
- 2024
- Value at securitization
- $29.5M (Jul 2024)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.30x | n/a |
| Occupancy | 100% | n/a |
| Net operating income | $1.7M | n/a |
Watch flags
Computed from the Benchmark 2024-V11 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
On the cmbs.news watch list in all 12 monthly reports we hold (October 2025 to September 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
- The most recent valuation in the filing is $13.1M (January 7, 2026), against $29.5M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $18.5M | 90+ days delinquent | Yes | n/a | n/a |
| August 2026 | $18.5M | 90+ days delinquent | Yes | n/a | n/a |
| July 2026 | $18.5M | 90+ days delinquent | Yes | n/a | n/a |
| June 2026 | $18.5M | 90+ days delinquent | Yes | n/a | n/a |
| May 2026 | $18.5M | 90+ days delinquent | Yes | n/a | n/a |
| April 2026 | $18.5M | 90+ days delinquent | Yes | 0.86x | 89% |
| March 2026 | $18.5M | 90+ days delinquent | Yes | 0.86x | 89% |
| February 2026 | $18.5M | 90+ days delinquent | Yes | 0.86x | 89% |
| January 2026 | $18.5M | 90+ days delinquent | Yes | 0.86x | 89% |
| December 2025 | $18.5M | 90+ days delinquent | Yes | 1.06x | n/a |
| November 2025 | $18.5M | 90+ days delinquent | Yes | 1.06x | n/a |
| October 2025 | $18.5M | 90+ days delinquent | Yes | 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.
Special-servicing history
- Transferred to the special servicer February 11, 2025, still there.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Benchmark 2024-V11 Mortgage Trust | 19 | $18,500,000 | Sep 2026 | SEC filing, October 1, 2026 |
Other Washington-Arlington-Alexandria loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Parklawn Building | Rockville, MD | Office | $261.6M | 3.398% | Nov 2029 | 2.79x | 73% | Current |
| 1812 North Moore | Arlington, VA | Office | $172.7M | 7.53% | May 2029 | 0.96x | 99% | Late, less than 30 days |
| Uline Arena | Washington, DC | Mixed use | $120.0M | 4.04% | Aug 2029 | 1.68x | 94% | Current |
| 425 Eye Street | Washington, DC | Office | $102.2M | 1.00% | Jan 2029 | 3.57x | 77% | Current |
| 2001 K Street | Washington, DC | Office | $95.0M | 7.388% | May 2029 | 1.43x | 97% | Current |
| Tysons Corner Center - Office Tower | McLean, VA | Office | $95.0M | 3.33% | Oct 2029 | n/a | n/a | Current |
| Potomac Tower | Arlington, VA | Office | $84.0M | 7.60% | Sep 2029 | 1.66x | 100% | Current |
| Powered Shell Portfolio - Manassas DC-18 | Manassas, VA | Industrial | $83.8M | 3.637% | Jul 2029 | n/a | n/a | Current |
All loans maturing in 2029 · All Washington-Arlington-Alexandria 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.