Multifamily · Austin, Texas
Langdon at Walnut Park
Langdon at Walnut Park is financed with a $55.0M CMBS loan at 6.257% that reaches maturity on September 6, 2029, in 2 years and 10 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $55,000,000
- Original balance (same notes)
- $60,000,000
- Interest rate
- 6.257% fixed
- Originated
- August 29, 2024
- Maturity
- September 6, 2029
- Payments
- Amortizing
- Master servicer
- KeyBank Real Estate Capital
- Originator
- AREF2
Status
- Payment status
- Not reported
- Special servicing
- Transferred August 13, 2025, returned March 6, 2026
- Workout strategy
- Resolved
- Modified
- Yes, most recently December 6, 2025
- Defeasance
- None reported
The property
- Address
- 12101 North Lamar Boulevard, Austin, TX 78753
- Metro
- Austin-Round Rock-San Marcos, TX
- Units, rooms or beds
- 277
- Built
- 2018, renovated 2023
- Value at securitization
- $90.1M (Jul 2024)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | n/a | 0.84x |
| Occupancy | 94% | 91% |
| Net operating income | n/a | $3.1M |
| Debt yield | 5.6% |
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 BBCMS Mortgage Trust 2024-5C29 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage below 1.00x
- Modified
On the cmbs.news watch list in all 12 monthly reports we hold (October 2025 to September 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.
What the filing shows
- Occupancy has fallen from 94% when the loan was securitized to 91%.
- At 0.84x, the property's reported NOI does not cover its debt service.
- The most recent valuation in the filing is $55.5M (November 26, 2025), against $90.1M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $55.0M | Not reported | No | 0.84x | 91% |
| August 2026 | $55.0M | Not reported | No | 0.91x | 91% |
| July 2026 | $55.0M | Not reported | No | 0.91x | 90% |
| June 2026 | $55.0M | Not reported | No | 0.91x | 90% |
| May 2026 | $55.0M | Not reported | No | 0.91x | 90% |
| April 2026 | $55.0M | Not reported | No | 0.91x | 90% |
| March 2026 | $55.0M | Not reported | No | 0.91x | 90% |
| February 2026 | $55.0M | Not reported | Yes | 0.91x | 90% |
| January 2026 | $55.0M | Not reported | Yes | 0.97x | 90% |
| December 2025 | $60.0M | 30-59 days delinquent | Yes | 0.97x | 90% |
| November 2025 | $60.0M | Late payment but less than 30 days delinquent | Yes | 0.97x | 90% |
| October 2025 | $60.0M | Not reported | Yes | 0.97x | 90% |
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 August 13, 2025, returned to the master servicer March 6, 2026.
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 |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2024-5C29 | 6 | $55,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Austin-Round Rock-San Marcos loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 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 |
| Innovation Business Park 7 | Hutto, TX | Industrial | $17.5M | 9.302% | May 2029 | n/a | n/a | 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.