Industrial · Mocksville, North Carolina
Mocksville Industrial
Mocksville Industrial is financed with a $17.0M CMBS loan at 7.39% that reaches maturity on November 6, 2029, in 3 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer and 30-59 days delinquent.
The loan
- Balance in tracked trusts
- $17,000,000
- Original balance (same notes)
- $17,000,000
- Interest rate
- 7.39% fixed
- Originated
- October 25, 2024
- Maturity
- November 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- May 5, 2029
- Master servicer
- Wells Fargo Bank, NA
- Originator
- CREFI
Status
- Payment status
- 30-59 days delinquent (code 1)
- Special servicing
- Transferred April 9, 2026
- Workout strategy
- Pending return to master servicer
- Defeasance
- None reported
The property
- Address
- 288 Quality Drive, Mocksville, NC 27028
- Metro
- Winston-Salem, NC
- Rentable area
- 253,052 sq ft
- Built
- 2018
- Largest tenants
- Palltronics Inc.
- Value at securitization
- $28.9M (Aug 2024)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.55x | 1.64x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 3 months) | $2.0M | $2.1M |
| Debt yield | 12.5% |
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 Wells Fargo Commercial Mortgage Trust 2024-5C2 filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
On the cmbs.news watch list in every report since February 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
- Net operating income is 7% above the underwritten figure ($2.1M a year against $2.0M; the latest statement covers 3 months, annualized).
- The most recent valuation in the filing is $30.6M (July 23, 2026), against $28.9M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $17.0M | 30-59 days delinquent | Yes | 1.64x | 100% |
| August 2026 | $17.0M | Late payment but less than 30 days delinquent | Yes | 1.64x | 100% |
| July 2026 | $17.0M | 90+ days delinquent | Yes | 1.58x | 100% |
| June 2026 | $17.0M | 60-89 days delinquent | Yes | 1.58x | 100% |
| May 2026 | $17.0M | 90+ days delinquent | Yes | 1.58x | 100% |
| April 2026 | $17.0M | 60-89 days delinquent | Yes | 1.58x | 100% |
| March 2026 | $17.0M | 30-59 days delinquent | No | 1.58x | 100% |
| February 2026 | $17.0M | 30-59 days delinquent | No | 1.58x | 100% |
| January 2026 | $17.0M | Late payment but less than 30 days delinquent | No | 1.57x | 100% |
| December 2025 | $17.0M | 30-59 days delinquent | No | 1.57x | 100% |
| November 2025 | $17.0M | Late payment but less than 30 days delinquent | No | 1.57x | 100% |
| October 2025 | $17.0M | Current | No | 1.57x | 100% |
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 April 9, 2026, 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 |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2024-5C2 | 15 | $17,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
Other Winston-Salem loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| The Arcadian | Winston-Salem, NC | Multifamily | $74.2M | 6.95% | Sep 2029 | n/a | n/a | Current |
| GreenTree Centre I, II & III | Winston Salem, NC | Office | $6.5M | 3.65% | Nov 2029 | 2.28x | 100% | Current |
| The Nash Building | Winston-Salem, NC | Mixed use | $5.0M | 4.60% | Jun 2029 | 2.37x | 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.