Office · Charleston, South Carolina
Morrison Yard
Morrison Yard is financed with a $52.5M CMBS loan at 7.284% that reaches maturity on July 6, 2031, in 4 years and 8 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $52,500,000
- Original balance (same notes)
- $52,500,000
- Interest rate
- 7.284% fixed
- Originated
- June 20, 2024
- Maturity
- July 6, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- January 5, 2031
- Master servicer
- Trimont LLC
- Originator
- Goldman Sachs Bank USA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 850 Morrison Drive, Charleston, SC 29403
- Metro
- Charleston-North Charleston, SC
- Rentable area
- 153,509 sq ft
- Built
- 2023
- Largest tenants
- Pinnacle Bank; Morgan Stanley and Company; PARKER POE ADAMS & BERNS
- Value at securitization
- $86.3M (May 2024)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.63x | 1.68x |
| Occupancy | 97% | 98% |
| Net operating income (annualized from 6 months) | $6.3M | $6.6M |
| 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 BBCMS Mortgage Trust 2024-C28 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 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 | $52.5M | Current | No | 1.68x | 98% |
| August 2026 | $52.5M | Current | No | 1.68x | 98% |
| July 2026 | $52.5M | Current | No | 1.70x | 98% |
| June 2026 | $52.5M | Current | No | 1.70x | 98% |
| May 2026 | $52.5M | Current | No | 1.70x | 98% |
| April 2026 | $52.5M | Current | No | 1.82x | 98% |
| March 2026 | $52.5M | Current | No | 1.42x | 97% |
| February 2026 | $52.5M | Current | No | 1.42x | 97% |
| January 2026 | $52.5M | Current | No | 1.42x | 97% |
| December 2025 | $52.5M | Current | No | 1.42x | 97% |
| November 2025 | $52.5M | Current | No | 1.42x | 97% |
| October 2025 | $52.5M | Current | No | 1.39x | 98% |
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 |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2024-C28 | 5 | $52,500,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Charleston-North Charleston loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Northwoods Mall | North Charleston, SC | Retail | $42.8M | 9.12% | Apr 2031 | 1.69x | 92% | Current |
| Tides Folly Beach | Folly Beach, SC | Hotel | $41.6M | 3.814% | Sep 2031 | 2.45x | 77% | Current |
All loans maturing in 2031 · All Charleston-North Charleston loans
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.