Multifamily · Euclid, Ohio
Euclid Apartments
Public CMBS trusts hold $53.0M of the loan on Euclid Apartments at 7.06% that reaches maturity on February 6, 2029, in 2 years and 3 months. 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
- $53,000,000
- Original balance (same notes)
- $53,000,000
- Interest rate
- 7.06% fixed
- Originated
- January 31, 2024
- Maturity
- February 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- November 5, 2028
- Master servicer
- Midland Loan Services
- Originator
- LMF Commercial, LLC
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred February 19, 2025
- Workout strategy
- Other
- Advancing
- The servicer has stopped advancing on this loan (non-recoverable)
- Defeasance
- None reported
The property
- Address
- 27181 Euclid Avenue, Euclid, OH 44132
- Metro
- Cleveland, OH
- Units, rooms or beds
- 738
- Built
- 1968, renovated 2022
- Value at securitization
- $77.0M (Dec 2023)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.69x | n/a |
| Occupancy | 95% | n/a |
| Net operating income | $6.4M | n/a |
Watch flags
Computed from the BBCMS Mortgage Trust 2024-C26 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
- Servicer stopped advancing
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 $18.1M (April 1, 2026), against $77.0M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $53.0M | 90+ days delinquent | Yes | 1.07x | 65% |
| August 2026 | $53.0M | 90+ days delinquent | Yes | 1.07x | 65% |
| July 2026 | $53.0M | 90+ days delinquent | Yes | 1.07x | 65% |
| June 2026 | $53.0M | 90+ days delinquent | Yes | 1.07x | 65% |
| May 2026 | $53.0M | 90+ days delinquent | Yes | 1.07x | 65% |
| April 2026 | $53.0M | 90+ days delinquent | Yes | 1.07x | 65% |
| March 2026 | $53.0M | 90+ days delinquent | Yes | 1.07x | 65% |
| February 2026 | $53.0M | 90+ days delinquent | Yes | 1.07x | 65% |
| January 2026 | $53.0M | 90+ days delinquent | Yes | 1.07x | 65% |
| December 2025 | $53.0M | 90+ days delinquent | Yes | 1.07x | 65% |
| November 2025 | $53.0M | 90+ days delinquent | Yes | 1.07x | 65% |
| October 2025 | $53.0M | 90+ days delinquent | Yes | 1.07x | 65% |
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 19, 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
The loan is split into 5 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BMO 2024-5C4 Mortgage Trust | 23 | $15,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
| Wells Fargo Commercial Mortgage Trust 2024-5C1 | 19 | $13,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
| BBCMS Mortgage Trust 2024-C26 | 17 | $10,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
| Wells Fargo Commercial Mortgage Trust 2024-5C2 | 21 | $10,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
| BBCMS Mortgage Trust 2024-C26 | 17A | $5,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
Other Cleveland loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 16625 Granite Road | Maple Heights, OH | Office | $82.8M | 3.78% | Aug 2029 | n/a | n/a | Current |
| Van Aken District | Shaker Heights, OH | Mixed use | $53.5M | 3.60% | Dec 2029 | 1.74x | 84% | Current |
| Welleon | Cleveland, OH | Multifamily | $44.6M | 6.23% | Dec 2029 | 1.19x | 94% | Current |
| Us Bank Centre | Cleveland, OH | Office | $31.5M | 5.044% | Jan 2029 | 0.94x | 74% | With the special servicer and 90+ days delinquent |
| Solon Park Apartments | Solon, OH | Multifamily | $28.0M | 6.67% | Jul 2029 | 1.29x | 90% | Current |
| Fifth Third Center | Cleveland, OH | Office | $27.5M | 7.257% | Dec 2029 | 3.00x | 74% | Current |
| Center North | Lakewood, OH | Multifamily | $24.7M | 4.80% | Jun 2029 | 1.21x | 98% | Current |
| The Garfield Apartments | Cleveland, OH | Multifamily | $22.6M | 5.20% | May 2029 | 0.76x | 91% | 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.