Retail · Oklahoma City, Oklahoma
Market Plaza
Market Plaza is financed with a $12.3M CMBS loan at 7.015% that reaches maturity on December 6, 2029, in 3 years and 1 month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $12,300,000
- Original balance (same notes)
- $12,300,000
- Interest rate
- 7.015% fixed
- Originated
- November 12, 2024
- Maturity
- December 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- June 5, 2029
- Master servicer
- Wells Fargo Bank, NA
- Originator
- Goldman Sachs Bank USA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 7001 Northwest Expressway, Oklahoma City, OK 73132
- Metro
- Oklahoma City, OK
- Rentable area
- 153,351 sq ft
- Built
- 1979
- Largest tenants
- WESTLAKE HARDWARE INC.; LIQUOR BARN; Aldi Food Store
- Value at securitization
- $17.6M (Oct 2024)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.74x | 2.03x |
| Occupancy | 93% | 99% |
| Net operating income (annualized from 3 months) | $1.5M | $1.8M |
| Debt yield | 14.4% |
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 Benchmark 2024-V12 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 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.
What the filing shows
- Occupancy has risen from 93% when the loan was securitized to 99%.
- Net operating income is 16% above the underwritten figure ($1.8M a year against $1.5M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.74x at securitization to 2.03x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $12.3M | Current | No | 2.03x | 99% |
| August 2026 | $12.3M | Current | No | 2.03x | 99% |
| July 2026 | $12.3M | Current | No | 2.03x | 99% |
| June 2026 | $12.3M | Current | No | 2.03x | 99% |
| May 2026 | $12.3M | Current | No | 1.46x | 99% |
| April 2026 | $12.3M | Current | No | 1.46x | 99% |
| March 2026 | $12.3M | Current | No | 1.35x | 99% |
| February 2026 | $12.3M | Current | No | 1.35x | 99% |
| January 2026 | $12.3M | Current | No | 1.35x | 99% |
| December 2025 | $12.3M | Current | No | 1.35x | 99% |
| November 2025 | $12.3M | Current | No | 1.35x | 99% |
| October 2025 | $12.3M | Current | No | 1.42x | 99% |
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 |
|---|---|---|---|---|
| Benchmark 2024-V12 Mortgage Trust | 22 | $12,300,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other Oklahoma City loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| The Landing Apartments | Oklahoma City, OK | Multifamily | $23.1M | 5.19% | Feb 2029 | 1.37x | 99% | Current |
| Williamsburg and Western Oaks Apartments | Bethany, OK | Multifamily | $17.4M | 7.33% | Feb 2029 | n/a | n/a | Current |
| Home2 Suites OKC | Oklahoma City, OK | Hotel | $7.7M | 4.60% | Dec 2029 | n/a | n/a | Current |
| Hampton Inn & Suites Oklahoma City | Oklahoma City, OK | Hotel | $7.5M | 4.67% | Nov 2029 | n/a | n/a | Current |
| Hampton Inn El Reno | El Reno, OK | Hotel | $7.3M | 4.90% | Jul 2029 | 0.47x | 79% | With the special servicer and 90+ days delinquent |
| Holiday Inn Express & Suites El Reno | El Reno, OK | Hotel | $7.1M | 4.90% | Jul 2029 | 0.45x | 57% | With the special servicer and 90+ days delinquent |
| Woodside Village Apartments | Midwest City, OK | Multifamily | $7.1M | 3.91% | Dec 2029 | 2.68x | 98% | Current |
| Home2 Suites El Reno | El Reno, OK | Hotel | $7.0M | 4.90% | Jul 2029 | 0.73x | 80% | Current |
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.