Multifamily · Huntsville, Alabama
Lofts at Dallas Mill
Lofts at Dallas Mill is financed with a $15.9M CMBS loan at 6.94% that reaches maturity on May 6, 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
- $15,950,000
- Original balance (same notes)
- $15,950,000
- Interest rate
- 6.94% fixed
- Originated
- May 3, 2024
- Maturity
- May 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ended
- October 5, 2024
- Prepayment premium ends
- November 5, 2028 (yield maintenance)
- Master servicer
- Wells Fargo Bank, NA
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 415 Halsey Avenue Northeast, Huntsville, AL 35801
- Metro
- Huntsville, AL
- Units, rooms or beds
- 148
- Built
- 2023
- Value at securitization
- $28.3M (Mar 2024)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.34x | 0.74x |
| Occupancy | 95% | 89% |
| Net operating income (annualized from 6 months) | $1.5M | $840K |
| Debt yield | 5.3% |
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 2024-5C27 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- NOI down 20% or more from securitization
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 95% when the loan was securitized to 89%.
- Net operating income is 44% below the underwritten figure ($840K a year against $1.5M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.34x at securitization to 0.74x on the latest statements.
- At 0.74x, the property's reported NOI does not cover its debt service.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $15.9M | Current | No | 0.74x | 89% |
| August 2026 | $15.9M | Current | No | 0.74x | 89% |
| July 2026 | $15.9M | Current | No | 0.87x | 92% |
| June 2026 | $15.9M | Current | No | 0.74x | 93% |
| May 2026 | $15.9M | Current | No | 0.81x | 85% |
| April 2026 | $15.9M | Current | No | 0.81x | 85% |
| March 2026 | $15.9M | Current | No | 0.81x | 85% |
| February 2026 | $15.9M | Current | No | 0.81x | 85% |
| January 2026 | $15.9M | Current | No | 0.81x | 85% |
| December 2025 | $15.9M | Current | No | 0.87x | 91% |
| November 2025 | $15.9M | Current | No | 0.87x | 91% |
| October 2025 | $15.9M | Current | No | 0.87x | 91% |
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 |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2024-5C27 | 17 | $15,950,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Huntsville loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| University Place | Huntsville, AL | Retail | $17.6M | 4.81% | May 2029 | 2.04x | 100% | Current |
| The Shops at Merchant's Square | Huntsville, AL | Retail | $12.0M | 4.13% | Nov 2029 | 1.59x | 95% | Current |
| Hampton Cove | Owens Cross Roads, AL | Self storage | $10.8M | 5.30% | Mar 2029 | n/a | n/a | Current |
| CityLine Huntsville Storage Port | Huntsville, AL | Self storage | $7.3M | 5.70% | Sep 2029 | n/a | n/a | Current |
| Best Western Plus Madison/huntsville | Madison, AL | Hotel | $6.3M | 5.15% | Aug 2029 | -0.29x | n/a | Delinquent |
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.