Multifamily · Baton Rouge, Louisiana
Meadowbrook Apartments
Meadowbrook Apartments is financed with a $9.4M CMBS loan at 7.29% that reaches maturity on January 6, 2029, in 2 years and 2 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer and 90+ days delinquent.
The loan
- Balance in tracked trusts
- $9,400,000
- Original balance (same notes)
- $9,400,000
- Interest rate
- 7.29% fixed
- Originated
- December 19, 2023
- Maturity
- January 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- October 5, 2028
- Master servicer
- Midland Loan Services
- Originator
- Bank of Montreal
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred November 7, 2024
- Workout strategy
- REO
- Defeasance
- None reported
The property
- Address
- 3700 E. Brookstown Drive, Baton Rouge, LA 70805
- Metro
- Baton Rouge, LA
- Units, rooms or beds
- 200
- Built
- 1974, renovated 2019
- Value at securitization
- $13.7M (Nov 2023)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.45x | n/a |
| Occupancy | 93% | n/a |
| Net operating income | $1.0M | n/a |
Watch flags
Computed from the Benchmark 2024-V5 Mortgage Trust filing for the reporting period ending September 8, 2026, filed with the SEC September 25, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
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
- The most recent valuation in the filing is $8.6M (June 25, 2026), against $13.7M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $9.4M | 90+ days delinquent | Yes | n/a | n/a |
| August 2026 | $9.4M | 90+ days delinquent | Yes | n/a | n/a |
| July 2026 | $9.4M | 90+ days delinquent | Yes | n/a | n/a |
| June 2026 | $9.4M | 90+ days delinquent | Yes | n/a | n/a |
| May 2026 | $9.4M | 90+ days delinquent | Yes | n/a | n/a |
| April 2026 | $9.4M | 90+ days delinquent | Yes | n/a | n/a |
| March 2026 | $9.4M | 90+ days delinquent | Yes | n/a | n/a |
| February 2026 | $9.4M | 90+ days delinquent | Yes | n/a | n/a |
| January 2026 | $9.4M | 90+ days delinquent | Yes | n/a | n/a |
| December 2025 | $9.4M | 90+ days delinquent | Yes | n/a | n/a |
| November 2025 | $9.4M | 90+ days delinquent | Yes | n/a | n/a |
| October 2025 | $9.4M | 90+ days delinquent | Yes | 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.
Special-servicing history
- Transferred to the special servicer November 7, 2024, still there.
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 |
|---|---|---|---|---|
| Benchmark 2024-V5 Mortgage Trust | 24 | $9,400,000 | Sep 2026 | SEC filing, September 25, 2026 |
Other Baton Rouge loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 5 East Apartments | Baton Rouge, LA | Multifamily | $17.5M | 6.92% | Sep 2029 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Magnolia Gardens | Baton Rouge, LA | Multifamily | $17.2M | 5.59% | Mar 2029 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Edgewood Apartments, Baton Rouge | Baton Rouge, LA | Multifamily | $16.1M | 4.09% | Oct 2029 | 1.33x | 97% | Current |
| Bluebonnet Village | Baton Rouge, LA | Retail | $10.9M | 4.25% | Sep 2029 | 1.95x | 93% | Current |
| Florline Commons | Baton Rouge, LA | Retail | $8.3M | 6.742% | Oct 2029 | 1.65x | 83% | Current |
| Albertsons Baton Rouge | Baton Rouge, LA | Retail | $6.7M | 4.75% | Jul 2029 | 1.82x | 100% | Current |
| Sunshine Storage | Plaquemine, LA | Self storage | $3.6M | 7.223% | Jan 2029 | 1.52x | 87% | Current |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 8, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.