Retail · Germantown, Maryland
Germantown Commons
Germantown Commons is financed with a $49.0M CMBS loan at 5.83% that reaches maturity on September 11, 2034, in 7 years and 10 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $49,000,000
- Original balance (same notes)
- $49,000,000
- Interest rate
- 5.83% fixed
- Originated
- September 6, 2024
- Maturity
- September 11, 2034
- Payments
- Interest only for the full term
- Prepayment lockout ends
- March 10, 2034
- Master servicer
- Wells Fargo Bank, NA
- Originator
- WFB
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 12922-13060 Middlebrook Road, Germantown, MD 20874
- Metro
- Washington-Arlington-Alexandria, DC-VA-MD-WV
- Rentable area
- 200,726 sq ft
- Built
- 1990, renovated 2003
- Largest tenants
- Giant #169; Ross; Gold's Gym
- Value at securitization
- $69.9M (Aug 2024)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.87x | 1.83x |
| Occupancy | 95% | 94% |
| Net operating income (annualized from 6 months) | $5.4M | $5.3M |
| Debt yield | 10.9% |
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 BANK 2024-BNK48 filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 2026.
None this month. No flag in the cmbs.news screen applies to this loan.
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 Apr 2032 as the lease end date for the largest tenant (Giant #169), 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 | $49.0M | Current | No | 1.83x | 94% |
| August 2026 | $49.0M | Current | No | 1.83x | 94% |
| July 2026 | $49.0M | Current | No | 1.92x | 94% |
| June 2026 | $49.0M | Current | No | 1.92x | 94% |
| May 2026 | $49.0M | Current | No | 1.92x | 94% |
| April 2026 | $49.0M | Current | No | 2.00x | 97% |
| March 2026 | $49.0M | Current | No | 2.00x | 97% |
| February 2026 | $49.0M | Current | No | 2.00x | 97% |
| January 2026 | $49.0M | Current | No | 2.01x | 97% |
| December 2025 | $49.0M | Current | No | 2.01x | 97% |
| November 2025 | $49.0M | Current | No | 2.01x | 97% |
| October 2025 | $49.0M | Current | No | 2.12x | 97% |
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 |
|---|---|---|---|---|
| BANK 2024-BNK48 | 8 | $49,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
Other Washington-Arlington-Alexandria loans due in 2034
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Residence Inn National Mall - Washington D.c. | Washington, DC | Hotel | $53.0M | 6.874% | Sep 2034 | 1.73x | 69% | Current |
| Prince William Square | Woodbridge, VA | Retail | $33.9M | 6.568% | Dec 2034 | 1.41x | 89% | Current |
| Springfield Center | Springfield, VA | Retail | $29.2M | 5.84% | Oct 2034 | 2.11x | 93% | Current |
| Residence Inn Downtown Dc | Washington, DC | Hotel | $20.6M | 6.31% | Nov 2034 | 3.26x | 80% | Current |
| Fairfield Inn & Suites Alexandria | Alexandria, VA | Hotel | $12.2M | 7.44% | Nov 2034 | n/a | n/a | Current |
| Sunrise Shopping Center | Oxon Hill, MD | Retail | $6.0M | 7.08% | Feb 2034 | 2.53x | 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.