Retail · Grapevine, Texas
Grapevine Mills
Public CMBS trusts hold $250.0M of the loan on Grapevine Mills at 6.264% that reaches maturity on July 1, 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
- $250,000,000
- Original balance (same notes)
- $250,000,000
- Interest rate
- 6.264% fixed
- Originated
- June 17, 2024
- Maturity
- July 1, 2034
- Payments
- Interest only for the full term
- Prepayment lockout ends
- December 31, 2033
- Master servicer
- Midland
- Originator
- Bank of Montreal, Wells Fargo Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 3000 Grapevine Mills Parkway 2501 Bass Pro Drive, Grapevine, TX 76051
- Metro
- Dallas-Fort Worth-Arlington, TX
- Rentable area
- 1,628,140 sq ft
- Built
- 1997, renovated 2015
- Largest tenants
- Bass Pro Shops Outdoor World Land; AMC Theatres; Fieldhouse USA
- Value at securitization
- $548.0M (May 2024)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 2.83x | n/a |
| Occupancy | 96% | n/a |
| Net operating income | $44.9M | n/a |
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 Mar 2029 as the lease end date for the largest tenant (Bass Pro Shops Outdoor World Land), 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 | $250.0M | Current | No | 2.95x | 96% |
| August 2026 | $250.0M | Current | No | 2.92x | 98% |
| July 2026 | $250.0M | Current | No | 2.92x | 98% |
| June 2026 | $250.0M | Current | No | 2.91x | 98% |
| May 2026 | $250.0M | Current | No | 2.88x | 98% |
| April 2026 | $250.0M | Current | No | 2.88x | 98% |
| March 2026 | $290.0M | 90+ days delinquent | Yes | 2.88x | 98% |
| February 2026 | $250.0M | Current | No | 2.88x | 98% |
| January 2026 | $250.0M | Current | No | 2.88x | 98% |
| December 2025 | $250.0M | Current | No | 2.80x | 98% |
| November 2025 | $250.0M | Current | No | 2.80x | 98% |
| October 2025 | $250.0M | Current | No | 2.80x | 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 11 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BMO 2024-C9 Mortgage Trust | 1 | $94,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
| Wells Fargo Commercial Mortgage Trust 2024-C63 | 2 | $40,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| BANK 2024-BNK48 | 5C | $35,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
| Wells Fargo Commercial Mortgage Trust 2024-C63 | 2A | $20,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| BANK 2024-BNK48 | 5A | $11,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
| BANK 2024-BNK48 | 5 | $10,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
| BANK 2024-BNK48 | 5B | $10,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
| BANK 2024-BNK48 | 5D | $9,500,000 | Sep 2026 | SEC filing, October 1, 2026 |
| BMO 2024-C10 Mortgage Trust | 21-A-3-3 | $9,500,000 | Sep 2026 | SEC filing, October 2, 2026 |
| BMO 2024-C10 Mortgage Trust | 21-A-3-2 | $6,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
| BANK 2024-BNK48 | 5E | $5,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
Other Dallas-Fort Worth-Arlington loans due in 2034
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Dallas Market Center | Dallas, TX | Mixed use | $237.0M | 6.502% | Jun 2034 | n/a | n/a | Current |
| The Riley | Richardson, TX | Multifamily | $53.8M | 7.13% | May 2034 | 1.02x | 84% | With the special servicer and 30-59 days delinquent |
| Weatherford Ridge | Weatherford, TX | Retail | $29.8M | 6.955% | May 2034 | n/a | n/a | Current |
| S&K Mini Warehouses & Storage | Denton, TX | Self storage | $10.6M | 6.35% | Sep 2034 | n/a | n/a | Current |
| 13140 Coit Road | Dallas, TX | Office | $6.3M | 6.98% | Aug 2034 | 1.31x | 76% | 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.