Industrial · Hutto, Texas
Innovation Business Park 7
Innovation Business Park 7 is financed with a $17.5M CMBS loan at 9.302% that reaches maturity on May 1, 2029, in 2 years and 6 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $17,500,000
- Original balance (same notes)
- $17,500,000
- Interest rate
- 9.302% fixed
- Originated
- April 12, 2024
- Maturity
- May 1, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ended
- June 30, 2025
- Prepayment premium ends
- October 31, 2028 (yield maintenance)
- Master servicer
- Wells Fargo Bank, NA
- Originator
- BANA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 1501 Innovation Boulevard, Hutto, TX 78634
- Metro
- Austin-Round Rock-San Marcos, TX
- Rentable area
- 212,832 sq ft
- Built
- 2024
- Largest tenants
- SEOYON E-HWA TEXAS INC.
- Value at securitization
- $38.2M (Mar 2024)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.36x | n/a |
| Occupancy | 100% | n/a |
| Net operating income | $2.3M | n/a |
Watch flags
Computed from the BANK5 2024-5YR7 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.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $17.5M | Current | No | n/a | n/a |
| August 2026 | $17.5M | Current | No | n/a | n/a |
| July 2026 | $17.5M | Current | No | n/a | n/a |
| June 2026 | $17.5M | Current | No | n/a | n/a |
| May 2026 | $17.5M | Current | No | n/a | n/a |
| April 2026 | $17.5M | Current | No | n/a | n/a |
| March 2026 | $17.5M | Current | No | n/a | n/a |
| February 2026 | $17.5M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| January 2026 | $17.5M | Current | No | n/a | n/a |
| December 2025 | $17.5M | Current | No | n/a | n/a |
| November 2025 | $17.5M | Current | No | n/a | n/a |
| October 2025 | $17.5M | 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.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BANK5 2024-5YR7 | 26 | $17,500,000 | Sep 2026 | SEC filing, October 1, 2026 |
Other Austin-Round Rock-San Marcos loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Langdon at Walnut Park | Austin, TX | Multifamily | $55.0M | 6.257% | Sep 2029 | 0.84x | 91% | Current |
| SkyLoft Austin | Austin, TX | Multifamily | $36.0M | 4.283% | Mar 2029 | 3.06x | 87% | Current |
| Rialto I & Ii | Austin, TX | Office | $30.0M | 8.143% | Apr 2029 | 1.51x | 67% | Current |
| Villa Nueces | Austin, TX | Multifamily | $30.0M | 4.598% | Nov 2029 | n/a | n/a | Current |
| Springdale General | Austin, TX | Office | $24.5M | 4.76% | Jan 2029 | 3.18x | 100% | Current |
| Crystal Falls | Leander, TX | Retail | $21.2M | 4.15% | Jul 2029 | 2.28x | 96% | Current |
| Home2 Suites By Hilton Domain | Austin, TX | Hotel | $18.8M | 4.53% | Jul 2029 | n/a | n/a | Current |
| Kyle Crossings | Kyle, TX | Retail | $18.1M | 5.463% | Jan 2029 | 2.83x | 99% | Current |
All loans maturing in 2029 · All Austin-Round Rock-San Marcos loans
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.