Retail · Baton Rouge, Louisiana
Florline Commons
Florline Commons is financed with a $8.3M CMBS loan at 6.742% that reaches maturity on October 1, 2029, in 2 years and 11 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $8,350,000
- Original balance (same notes)
- $8,350,000
- Interest rate
- 6.742% fixed
- Originated
- September 13, 2024
- Maturity
- October 1, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- October 31, 2026
- Prepayment premium ends
- March 31, 2029 (yield maintenance)
- Master servicer
- Wells Fargo Bank, NA
- Originator
- BANA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 9526-9550 and 9856 Cortana Place and 9001 Florida Boulevard, Baton Rouge, LA 70815
- Metro
- Baton Rouge, LA
- Rentable area
- 139,775 sq ft
- Built
- 1985, renovated 2002
- Largest tenants
- AMERICA'S THRIFT STORES OF GEORGIA INC.; Northern Tool & Equipment Company; Furniture Expo
- Value at securitization
- $15.9M (Jul 2024)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.95x | 1.65x |
| Occupancy | 96% | 83% |
| Net operating income (annualized from 6 months) | $1.1M | $946K |
| Debt yield | 11.3% |
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 BANK5 2024-5YR10 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
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 fallen from 96% when the loan was securitized to 83%.
- Net operating income is 15% below the underwritten figure ($946K a year against $1.1M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.95x at securitization to 1.65x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $8.3M | Current | No | 1.65x | 83% |
| August 2026 | $8.3M | Current | No | 2.24x | 83% |
| July 2026 | $8.3M | Current | No | 2.24x | 83% |
| June 2026 | $8.3M | Current | No | 2.24x | 83% |
| May 2026 | $8.3M | Current | No | n/a | n/a |
| April 2026 | $8.3M | Current | No | n/a | n/a |
| March 2026 | $8.3M | Current | No | n/a | n/a |
| February 2026 | $8.3M | Current | No | n/a | n/a |
| January 2026 | $8.3M | Current | No | n/a | n/a |
| December 2025 | $8.3M | Current | No | n/a | n/a |
| November 2025 | $8.3M | Current | No | n/a | n/a |
| October 2025 | $8.3M | Current | No | 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.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BANK5 2024-5YR10 | 26 | $8,350,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Baton Rouge loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 5 East Apartments | Baton Rouge, LA | Multifamily | $17.5M | 6.92% | Sep 2029 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Magnolia Gardens | Baton Rouge, LA | Multifamily | $17.2M | 5.59% | Mar 2029 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Edgewood Apartments, Baton Rouge | Baton Rouge, LA | Multifamily | $16.1M | 4.09% | Oct 2029 | 1.33x | 97% | Current |
| Bluebonnet Village | Baton Rouge, LA | Retail | $10.9M | 4.25% | Sep 2029 | 1.95x | 93% | Current |
| Meadowbrook Apartments | Baton Rouge, LA | Multifamily | $9.4M | 7.29% | Jan 2029 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Albertsons Baton Rouge | Baton Rouge, LA | Retail | $6.7M | 4.75% | Jul 2029 | 1.82x | 100% | Current |
| Sunshine Storage | Plaquemine, LA | Self storage | $3.6M | 7.223% | Jan 2029 | 1.52x | 87% | 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.