Multifamily portfolio, 2 properties · Tennessee
Mendenhall Gardens and High Point Apartments
This portfolio is financed with a $7.5M CMBS loan at 6.45% that reaches maturity on October 1, 2029, in 2 years and 11 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is late, less than 30 days.
The loan
- Balance in tracked trusts
- $7,500,000
- Original balance (same notes)
- $7,500,000
- Interest rate
- 6.45% fixed
- Originated
- September 30, 2024
- Maturity
- October 1, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- April 30, 2029
- Master servicer
- Midland Loan Services
- Originator
- JPMCB
Status
- Payment status
- Late payment but less than 30 days delinquent (code B)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Units, rooms or beds
- 146
- Value at securitization
- $16.8M (Aug 2024)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 2.17x | n/a |
| Occupancy | 93% | n/a |
| Net operating income | $1.1M | n/a |
Watch flags
Computed from the BANK5 2024-5YR11 filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 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.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $7.5M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| August 2026 | $7.5M | Current | No | n/a | n/a |
| July 2026 | $7.5M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| June 2026 | $7.5M | Current | No | n/a | n/a |
| May 2026 | $7.5M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| April 2026 | $7.5M | Current | No | n/a | n/a |
| March 2026 | $7.5M | Current | No | n/a | n/a |
| February 2026 | $7.5M | Current | No | n/a | n/a |
| January 2026 | $7.5M | Current | No | n/a | n/a |
| December 2025 | $7.5M | Current | No | n/a | n/a |
| November 2025 | $7.5M | Current | No | n/a | n/a |
| October 2025 | $7.5M | Current | 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 |
|---|---|---|---|---|
| BANK5 2024-5YR11 | 22 | $7,500,000 | Sep 2026 | SEC filing, October 1, 2026 |
Other Tennessee loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Cummins Station | Nashville, TN | Office | $135.0M | 7.155% | Jun 2029 | 1.69x | 83% | Current |
| Rivertop Scenic Apartments | Nashville, TN | Multifamily | $31.4M | 3.30% | Nov 2029 | 3.02x | 94% | Current |
| 8400 Winchester | Memphis, TN | Industrial | $27.0M | 7.376% | Aug 2029 | 1.73x | 100% | Current |
| Oak Ridge City Center | Oak Ridge, TN | Retail | $25.0M | 7.28% | Sep 2029 | 1.12x | 76% | Current |
| 150 2nd Avenue North | Nashville, TN | Mixed use | $24.5M | 7.53% | May 2029 | 1.50x | 93% | Current |
| Appling Farms Corporate Park | Memphis, TN | Industrial | $24.2M | 7.05% | Jan 2029 | 1.95x | 99% | Current |
| Country View Apartments | Memphis, TN | Multifamily | $21.5M | 6.71% | Apr 2029 | 1.05x | 54% | Current |
| Marketplace at Smyrna | Smyrna, TN | Retail | $18.7M | 5.09% | Jan 2029 | 1.80x | 100% | 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.