Multifamily · Lake Wales, Florida
La Provence Apartments
La Provence Apartments is financed with a $5.0M CMBS loan at 7.75% that reaches maturity on April 6, 2029, in 2 years and 5 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is delinquent: 30-59 days delinquent.
The loan
- Balance in tracked trusts
- $5,000,000
- Original balance (same notes)
- $5,000,000
- Interest rate
- 7.75% fixed
- Originated
- March 12, 2024
- Maturity
- April 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- January 5, 2029
- Master servicer
- Midland Loan Services
- Originator
- UBS AG
Status
- Payment status
- 30-59 days delinquent (code 1)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 21380 Highway 27, Lake Wales, FL 33859
- Metro
- Lakeland-Winter Haven, FL
- Units, rooms or beds
- 56
- Built
- 1959, renovated 2023
- Value at securitization
- $7.7M (Jan 2024)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.56x | n/a |
| Occupancy | 95% | n/a |
| Net operating income | $613K | n/a |
Watch flags
Computed from the BMO 2024-5C4 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- 30+ days delinquent or matured unpaid
On the cmbs.news watch list in every report since July 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 | $5.0M | 30-59 days delinquent | No | n/a | n/a |
| August 2026 | $5.0M | 30-59 days delinquent | No | n/a | n/a |
| July 2026 | $5.0M | 30-59 days delinquent | No | n/a | n/a |
| June 2026 | $5.0M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| May 2026 | $5.0M | 30-59 days delinquent | No | n/a | n/a |
| April 2026 | $5.0M | Late payment but less than 30 days delinquent | No | 1.47x | 92% |
| March 2026 | $5.0M | Late payment but less than 30 days delinquent | No | 1.47x | 92% |
| February 2026 | $5.0M | Late payment but less than 30 days delinquent | No | 1.47x | 92% |
| January 2026 | $5.0M | Late payment but less than 30 days delinquent | No | 1.47x | 92% |
| December 2025 | $5.0M | Late payment but less than 30 days delinquent | No | 1.46x | 93% |
| November 2025 | $5.0M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| October 2025 | $5.0M | 30-59 days delinquent | 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 2024-5C4 Mortgage Trust | 37 | $5,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other Lakeland-Winter Haven loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 199 Avenue B Northwest | Winter Haven, FL | Mixed use | $37.8M | 4.39% | Nov 2029 | n/a | n/a | Current |
| Lakeland Park Center | Lakeland, FL | Retail | $24.0M | 6.477% | Nov 2029 | 2.43x | 100% | Current |
| TownePlace Suites Lakeland | Lakeland, FL | Hotel | $13.0M | 4.75% | Jun 2029 | 2.40x | 77% | Current |
All loans maturing in 2029 · All Lakeland-Winter Haven 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.