Retail · Grand Junction, Colorado
Grand Mesa Center
Grand Mesa Center is financed with a $21.0M CMBS loan at 5.99% that reaches maturity on July 6, 2034, in 7 years and 8 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $21,000,000
- Original balance (same notes)
- $21,000,000
- Interest rate
- 5.99% fixed
- Originated
- June 14, 2024
- Maturity
- July 6, 2034
- Payments
- Interest only for the full term
- Prepayment lockout ended
- July 5, 2026
- Prepayment premium ends
- April 5, 2034 (yield maintenance)
- Master servicer
- Midland
- Originator
- LMF Commercial, LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 2464 Highway 6 & 50, Grand Junction, CO 81505
- Rentable area
- 199,659 sq ft
- Built
- 2002
- Largest tenants
- Sportsman's Warehouse; ROSS DRESS FOR LESS; BURLINGTON COAT FACTORY
- Value at securitization
- $42.9M (Apr 2024)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.39x | 1.68x |
| Occupancy | 98% | 91% |
| Net operating income (annualized from 6 months) | $3.0M | $4.3M |
| Debt yield | 20.6% |
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 BMO 2024-C9 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- Coverage down 0.25x or more from securitization
- 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
- Occupancy has fallen from 98% when the loan was securitized to 91%.
- Net operating income is 42% above the underwritten figure ($4.3M a year against $3.0M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.39x at securitization to 1.68x on the latest statements.
- The filing gives Aug 2027 as the lease end date for the largest tenant (Sportsman's Warehouse), 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 | $21.0M | Current | No | 1.68x | 91% |
| August 2026 | $21.0M | Current | No | 1.68x | 91% |
| July 2026 | $21.0M | Current | No | n/a | n/a |
| June 2026 | $21.0M | Current | No | n/a | n/a |
| May 2026 | $21.0M | Current | No | n/a | n/a |
| April 2026 | $21.0M | Current | No | 2.04x | 91% |
| March 2026 | $21.0M | Current | No | 1.67x | 98% |
| February 2026 | $21.0M | Current | No | 1.67x | 98% |
| January 2026 | $21.0M | Current | No | 1.67x | 98% |
| December 2025 | $21.0M | Current | No | n/a | n/a |
| November 2025 | $21.0M | Current | No | n/a | n/a |
| October 2025 | $21.0M | 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 |
|---|---|---|---|---|
| BMO 2024-C9 Mortgage Trust | 10 | $21,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other Colorado loans due in 2034
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Rimrock Marketplace | Grand Junction, CO | Retail | $8.0M | 5.23% | Nov 2034 | 3.11x | 100% | 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.