Multifamily · Memphis, Tennessee
Green Tree Villas
Green Tree Villas is financed with a $10.5M CMBS loan at 8.18% that reaches maturity on November 6, 2028, in 2 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer and 30-59 days delinquent.
The loan
- Balance in tracked trusts
- $10,500,000
- Original balance (same notes)
- $10,500,000
- Interest rate
- 8.18% fixed
- Originated
- November 6, 2023
- Maturity
- November 6, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ends
- August 5, 2028
- Master servicer
- Midland Loan Services
- Originator
- Bank of Montreal
Status
- Payment status
- 30-59 days delinquent (code 1)
- Special servicing
- Transferred June 12, 2026
- Workout strategy
- Other
- Defeasance
- None reported
The property
- Address
- 1105-1161 Frayser Boulevard, Memphis, TN 38127
- Metro
- Memphis, TN-MS-AR
- Units, rooms or beds
- 148
- Built
- 1969, renovated 2023
- Value at securitization
- $18.1M (Sep 2023)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.56x | n/a |
| Occupancy | 97% | n/a |
| Net operating income | $1.4M | n/a |
Watch flags
Computed from the Benchmark 2024-V5 Mortgage Trust filing for the reporting period ending September 8, 2026, filed with the SEC September 25, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
On the cmbs.news watch list in every report since June 2026.
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $10.5M | 30-59 days delinquent | Yes | n/a | n/a |
| August 2026 | $10.5M | 60-89 days delinquent | Yes | n/a | n/a |
| July 2026 | $10.5M | Late payment but less than 30 days delinquent | Yes | n/a | n/a |
| June 2026 | $10.5M | 30-59 days delinquent | No | n/a | n/a |
| May 2026 | $10.5M | Payment not received but still in grace period or not yet due | No | n/a | n/a |
| April 2026 | $10.5M | Current | No | 1.72x | 97% |
| March 2026 | $10.5M | Payment not received but still in grace period or not yet due | No | n/a | n/a |
| February 2026 | $10.5M | Payment not received but still in grace period or not yet due | No | n/a | n/a |
| January 2026 | $10.5M | 30-59 days delinquent | No | n/a | n/a |
| December 2025 | $10.5M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| November 2025 | $10.5M | Current | No | n/a | n/a |
| October 2025 | $10.5M | 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.
Special-servicing history
- Transferred to the special servicer June 12, 2026, still there.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Benchmark 2024-V5 Mortgage Trust | 22 | $10,500,000 | Sep 2026 | SEC filing, September 25, 2026 |
Other Memphis loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Crescent Center | Memphis, TN | Office | $52.0M | 7.513% | Oct 2028 | 1.62x | 97% | Current |
| Highland Chateau Property | Memphis, TN | Multifamily | $20.6M | 5.21% | Sep 2028 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Addison Apartments III | Memphis, TN | Multifamily | $3.1M | 8.244% | Oct 2028 | 0.63x | 73% | Current |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 8, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.