Retail · Miami, Florida
East Hialeah Marketplace
East Hialeah Marketplace is financed with a $13.8M CMBS loan at 6.812% that reaches maturity on December 6, 2029, in 3 years and 1 month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $13,845,000
- Original balance (same notes)
- $13,845,000
- Interest rate
- 6.812% fixed
- Originated
- November 12, 2024
- Maturity
- December 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- September 5, 2029
- Master servicer
- Wells Fargo Bank, NA
- Originator
- DBR Investments Co. Limited
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 3400 Northwest 79th Street, Miami, FL 33147
- Metro
- Miami-Fort Lauderdale-West Palm Beach, FL
- Rentable area
- 66,873 sq ft
- Built
- 2017, renovated 2023
- Largest tenants
- Ross Dress for Less; DDS DISCOUNTS; CANO HEALTH
- Value at securitization
- $21.3M (Aug 2024)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.43x | 1.18x |
| Occupancy | 100% | 100% |
| Net operating income | $1.4M | $1.1M |
| Debt yield | 8.2% |
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 Benchmark 2024-V12 Mortgage Trust 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
- Net operating income is 17% below the underwritten figure ($1.1M a year against $1.4M).
- Debt service coverage moved from 1.43x at securitization to 1.18x on the latest statements.
- The filing gives Feb 2027 as the lease end date for the largest tenant (Ross Dress for Less), 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 | $13.8M | Current | No | 1.18x | 100% |
| August 2026 | $13.8M | Current | No | 1.18x | 100% |
| July 2026 | $13.8M | Current | No | 1.52x | 100% |
| June 2026 | $13.8M | Current | No | 1.52x | 100% |
| May 2026 | $13.8M | Current | No | 1.52x | 100% |
| April 2026 | $13.8M | Current | No | 1.28x | 100% |
| March 2026 | $13.8M | Current | No | 1.44x | 100% |
| February 2026 | $13.8M | Current | No | 1.44x | 100% |
| January 2026 | $13.8M | Current | No | 1.44x | 100% |
| December 2025 | $13.8M | Current | No | 1.48x | 100% |
| November 2025 | $13.8M | Current | No | 1.48x | 100% |
| October 2025 | $13.8M | Current | No | 1.48x | 100% |
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 |
|---|---|---|---|---|
| Benchmark 2024-V12 Mortgage Trust | 19 | $13,845,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other Miami-Fort Lauderdale-West Palm Beach loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Royal Palm Place | Boca Raton, FL | Mixed use | $110.0M | 3.81% | Nov 2029 | 2.98x | 98% | Current |
| Northbridge Centre | West Palm Beach, FL | Office | $96.0M | 6.905% | Sep 2029 | 1.43x | 75% | Current |
| University Pointe | Davie, FL | Multifamily | $85.8M | 6.70% | Jun 2029 | 1.79x | 90% | Current |
| Royal Palm I & II | Plantation, FL | Office | $68.2M | 6.45% | Nov 2029 | 7.80x | 82% | Current |
| The Avenue | Davie, FL | Multifamily | $60.0M | 4.992% | Jan 2029 | 2.47x | 96% | Current |
| The Brazilian Court Hotel | Palm Beach, FL | Hotel | $54.5M | 7.50% | Dec 2029 | 1.57x | 52% | Current |
| One Town Center | Boca Raton, FL | Office | $51.0M | 7.338% | Jul 2029 | 1.19x | 94% | Current |
| West Palm Gardens | West Palm Beach, FL | Multifamily | $50.0M | 6.45% | Oct 2029 | n/a | n/a | Current |
All loans maturing in 2029 · All Miami-Fort Lauderdale-West Palm Beach 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.