Retail · Riverside, California
Galleria at Tyler
Public CMBS trusts hold $120.0M of the loan on Galleria at Tyler at 7.919% that reaches maturity on January 1, 2029, in 2 years and 2 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $120,000,000
- Original balance (same notes)
- $120,000,000
- Interest rate
- 7.919% fixed
- Originated
- December 13, 2023
- Maturity
- January 1, 2029
- Payments
- Interest only for the full term
- Master servicer
- Midland Loan Services
- Originator
- SGFC GACC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1299 Galleria at Tyler, Riverside, CA 92503
- Metro
- Riverside-San Bernardino-Ontario, CA
- Rentable area
- 565,913 sq ft
- Built
- 1970, renovated 2007
- Largest tenants
- AMC Theatres; Barnes & Noble; HAM
- Value at securitization
- $300.0M (Oct 2023)
Performance
| At securitization | Latest (Sep 2025) | |
|---|---|---|
| DSCR (NOI) | 2.07x | 1.81x |
| Occupancy | 90% | 85% |
| Net operating income (annualized from 9 months) | $25.0M | $21.9M |
| Debt yield | 18.2% |
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 BBCMS Mortgage Trust 2024-5C25 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage down 0.25x 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 90% when the loan was securitized to 85%.
- Net operating income is 12% below the underwritten figure ($21.9M a year against $25.0M; the latest statement covers 9 months, annualized).
- Debt service coverage moved from 2.07x at securitization to 1.81x on the latest statements.
- The filing gives Dec 2028 as the lease end date for the largest tenant (AMC Theatres), 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 | $120.0M | Current | No | 1.81x | 85% |
| August 2026 | $120.0M | Current | No | 1.81x | 85% |
| July 2026 | $120.0M | Current | No | 1.81x | 85% |
| June 2026 | $120.0M | Current | No | 1.81x | 85% |
| May 2026 | $120.0M | Current | No | 1.81x | 85% |
| April 2026 | $120.0M | Current | No | 1.81x | 85% |
| March 2026 | $120.0M | Current | No | 1.81x | 85% |
| February 2026 | $120.0M | Late payment but less than 30 days delinquent | No | 1.81x | 85% |
| January 2026 | $120.0M | Current | No | 1.81x | 85% |
| December 2025 | $120.0M | Current | No | 1.94x | 98% |
| November 2025 | $120.0M | Current | No | 1.94x | 98% |
| October 2025 | $120.0M | Current | No | 1.94x | 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
The loan is split into 6 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Benchmark 2024-V5 Mortgage Trust | 10 | $35,000,000 | Sep 2026 | SEC filing, September 25, 2026 |
| BANK5 Trust 2024-5YR6 | 5 | $30,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
| BMO 2024-5C3 Mortgage Trust | 4A | $20,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
| BMO 2024-5C3 Mortgage Trust | 4B | $20,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
| BMO 2024-5C3 Mortgage Trust | 4 | $10,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
| BBCMS Mortgage Trust 2024-5C25 | 33 | $5,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Riverside-San Bernardino-Ontario loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| The Springs | Palm Springs, CA | Retail | $167.2M | 4.059% | May 2029 | n/a | n/a | Current |
| Metro 3610 | Riverside, CA | Multifamily | $75.5M | 6.181% | Nov 2029 | 1.16x | 95% | Current |
| Jess Ranch Marketplace | Apple Valley, CA | Retail | $58.1M | 3.724% | Aug 2029 | 2.51x | 93% | Current |
| 67660 East Ramon Road | Cathedral City, CA | Self storage | $39.0M | 4.14% | Apr 2029 | n/a | n/a | Current |
| The Glen | San Bernardino, CA | Multifamily | $28.5M | 6.921% | Feb 2029 | 1.18x | 79% | Current |
| Menifee Town Center | Menifee, CA | Retail | $21.7M | 3.86% | Aug 2029 | n/a | n/a | Current |
| Tower Plaza | Temecula, CA | Retail | $19.3M | 4.12% | Jul 2029 | 2.66x | 97% | Current |
| Centrepointe Plaza | Colton, CA | Retail | $18.8M | 4.85% | Jul 2029 | 1.47x | 83% | Current |
All loans maturing in 2029 · All Riverside-San Bernardino-Ontario loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting periods ending September 8, 2026, September 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.