Retail · Baltimore, Maryland
Dundalk Plaza
Dundalk Plaza is financed with a $27.3M CMBS loan at 7.20% that reaches maturity on August 1, 2029, in 2 years and 9 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $27,300,000
- Original balance (same notes)
- $27,300,000
- Interest rate
- 7.20% fixed
- Originated
- July 9, 2024
- Maturity
- August 1, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- April 30, 2029
- Master servicer
- Wells Fargo Bank, NA
- Originator
- Morgan Stanley Bank, N.A.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1401-1417 Merritt Boulevard, Baltimore, MD 21222
- Metro
- Baltimore-Columbia-Towson, MD
- Rentable area
- 178,075 sq ft
- Built
- 1968, renovated 2020
- Largest tenants
- Ollie's; Aldi Food Store; Planet Fitness
- Value at securitization
- $42.5M (Apr 2024)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.53x | 1.53x |
| Occupancy | 98% | 99% |
| Net operating income (annualized from 6 months) | $3.0M | $3.0M |
| Debt yield | 11.2% |
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 BANK5 2024-5YR9 filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 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
- The filing gives Sep 2027 as the lease end date for the largest tenant (Ollie's), 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 | $27.3M | Current | No | 1.53x | 99% |
| August 2026 | $27.3M | Current | No | 1.48x | 99% |
| July 2026 | $27.3M | Current | No | 1.48x | 99% |
| June 2026 | $27.3M | Current | No | 1.48x | 99% |
| May 2026 | $27.3M | Current | No | 1.41x | 99% |
| April 2026 | $27.3M | Current | No | 1.41x | 99% |
| March 2026 | $27.3M | Current | No | 1.41x | 99% |
| February 2026 | $27.3M | Current | No | 1.41x | 99% |
| January 2026 | $27.3M | Current | No | 1.41x | 99% |
| December 2025 | $27.3M | Current | No | 1.41x | 99% |
| November 2025 | $27.3M | Current | No | 1.37x | 98% |
| October 2025 | $27.3M | Current | No | 1.37x | 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 |
|---|---|---|---|---|
| BANK5 2024-5YR9 | 13 | $27,300,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other Baltimore-Columbia-Towson loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Fieldside Grande | Aberdeen, MD | Multifamily | $52.3M | 6.06% | Jul 2029 | n/a | n/a | Current |
| Hilton Baltimore BWI Airport | Linthicum Heights, MD | Hotel | $35.0M | 4.799% | Apr 2029 | 1.57x | 82% | Current |
| Patuxent Crossing, Columbia | Columbia, MD | Office | $33.2M | 4.60% | Apr 2029 | 1.08x | 67% | Current |
| McGaw Commerce Center | Columbia, MD | Industrial | $32.5M | 6.823% | Apr 2029 | 1.15x | 93% | Current |
| Airport Square | Linthicum, MD | Industrial | $26.2M | 4.20% | Nov 2029 | 2.72x | n/a | Current |
| Knightsbridge and Sheffield House Apartments | Baltimore, MD | Multifamily | $9.1M | 7.05% | Jan 2029 | 1.36x | 90% | Current |
| Hyatt Place Baltimore Owings Mills | Owings Mills, MD | Hotel | $6.3M | 8.23% | Jan 2029 | 1.76x | 57% | Current |
| Schnader Enterprises Portfolio | Baltimore, MD | Multifamily | $6.0M | 4.52% | Jun 2029 | 2.22x | 91% | Current |
All loans maturing in 2029 · All Baltimore-Columbia-Towson 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.