Self storage · Vacaville, California
Mini U Storage Vacaville
Mini U Storage Vacaville is financed with a $5.1M CMBS loan at 6.93% that reaches maturity on March 6, 2029, in 2 years and 4 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $5,080,000
- Original balance (same notes)
- $5,080,000
- Interest rate
- 6.93% fixed
- Originated
- March 6, 2024
- Maturity
- March 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- October 5, 2028
- Master servicer
- Midland Loan Services
- Originator
- Starwood Mortgage Capital LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 109 Aegean Way, Vacaville, CA 95687
- Metro
- Vallejo, CA
- Rentable area
- 40,430 sq ft
- Units, rooms or beds
- 450
- Built
- 1977
- Value at securitization
- $8.3M (Jan 2024)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.31x | 1.01x |
| Occupancy | 86% | 82% |
| Net operating income (annualized from 6 months) | $468K | $731K |
| 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 BMO 2024-5C4 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- Coverage down 0.25x or more from securitization
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 86% when the loan was securitized to 82%.
- Net operating income is 56% above the underwritten figure ($731K a year against $468K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.31x at securitization to 1.01x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $5.1M | Current | No | 1.01x | 82% |
| August 2026 | $5.1M | Current | No | 0.90x | 82% |
| July 2026 | $5.1M | Current | No | 0.90x | 82% |
| June 2026 | $5.1M | Current | No | 0.90x | 82% |
| May 2026 | $5.1M | Current | No | n/a | n/a |
| April 2026 | $5.1M | Current | No | 1.08x | 80% |
| March 2026 | $5.1M | Current | No | 1.08x | 80% |
| February 2026 | $5.1M | Current | No | 1.31x | 79% |
| January 2026 | $5.1M | Current | No | 1.31x | 79% |
| December 2025 | $5.1M | Current | No | 1.31x | 79% |
| November 2025 | $5.1M | Current | No | 1.37x | 82% |
| October 2025 | $5.1M | Current | No | 1.37x | 82% |
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 |
|---|---|---|---|---|
| BMO 2024-5C4 Mortgage Trust | 36 | $5,080,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other Vallejo loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Cordelia Road | Fairfield, CA | Industrial | $8.4M | 3.953% | Jun 2029 | 2.92x | 93% | Current |
| Courage Drive | Fairfield, CA | Industrial | $8.4M | 4.103% | Jun 2029 | 2.76x | 89% | Current |
| Sps Vacaville II | Vacaville, CA | Self storage | $7.9M | 3.807% | Oct 2029 | 1.64x | 86% | Current |
| Nut Tree 1670 | Vacaville, CA | Retail | $3.9M | 4.08% | Aug 2029 | 1.70x | 100% | Current |
| Elmira Shopping Center | Vacaville, CA | Retail | $2.3M | 5.13% | Jun 2029 | 1.23x | 86% | 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.