Retail portfolio, 29 properties · North Charleston, South Carolina
Northwoods Marketplace
Public CMBS trusts hold $219.5M of the loan on this portfolio at 6.446% that reaches maturity on September 6, 2033, in 6 years and 10 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $219,475,682
- Original balance (same notes)
- $222,666,667
- Interest rate
- 6.446% fixed
- Originated
- August 30, 2023
- Maturity
- September 6, 2033
- Payments
- Interest only for the full term
- Prepayment lockout ended
- October 5, 2024
- Prepayment premium ends
- March 5, 2033 (yield maintenance)
- Master servicer
- Midland Loan Services
- Originator
- KeyBank National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 7612 and 7620 Rivers Avenue, North Charleston, SC 29406
- Metro
- Charleston-North Charleston, SC
- Value at securitization
- $498.2M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income (annualized from 3 months) | $36.0M | $36.9M |
| Debt yield | 16.8% |
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-C24 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.
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| Northwoods Marketplace | North Charleston, SC | Retail | n/a | n/a |
| The Centrum | Pineville, NC | Retail | n/a | n/a |
| Lawton Marketplace | Lawton, OK | Retail | n/a | n/a |
| Carlisle Crossing | Carlisle, PA | Retail | n/a | n/a |
| Southway Shopping Center | Houston, TX | Retail | n/a | n/a |
| Parkway Centre South | Grove City, OH | Retail | n/a | n/a |
| Houma Crossing | Houma, LA | Retail | n/a | n/a |
| North Lake Square | Gainesville, GA | Retail | n/a | n/a |
| RTL Multi-Tenant Portfolio (Liberty Crossing) | Rowlett, TX | Retail | 100% | 2.17x |
| Owensboro Town Center | Owensboro, KY | Retail | n/a | n/a |
| Harbor Town Center | Manitowoc, WI | Retail | n/a | n/a |
| Lord Salisbury Center | Salisbury, MD | Retail | n/a | n/a |
| Terrell Mill Village | Marietta, GA | Retail | n/a | n/a |
| The Ridge at Turtle Creek | Hattiesburg, MS | Retail | n/a | n/a |
| Nordstrom Rack | Tampa, FL | Retail | n/a | n/a |
| Ventura Place | Albuquerque, NM | Retail | n/a | n/a |
| Quail Springs | Oklahoma City, OK | Retail | n/a | n/a |
| Wallace Commons | Salisbury, NC | Retail | n/a | n/a |
| Waterford Park South | Clarksville, IN | Retail | n/a | n/a |
| Evergreen Marketplace | Evergreen Park, IL | Retail | n/a | n/a |
| Derby Marketplace | Derby, KS | Retail | n/a | n/a |
| Stoneridge Village | Jefferson City, MO | Retail | n/a | n/a |
| FreshThyme & DSW | Fort Wayne, IN | Retail | n/a | n/a |
| Crossroads Annex | Layfette, LA | Retail | n/a | n/a |
| Tellico Village | Loudon, TN | Retail | n/a | n/a |
| Walmart Neighborhood Market | Summerville, SC | Retail | n/a | n/a |
| PetSmart & Old Navy | Reynoldsburg, OH | Retail | n/a | n/a |
| Sutters Creek | Rocky Mount, NC | Retail | n/a | n/a |
| Mattress Firm & Panera Bread | Elyria, OH | Retail | n/a | n/a |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $219.5M | Current | No | 1.99x | 84% |
| August 2026 | $219.5M | Current | No | 1.99x | 84% |
| July 2026 | $211.1M | Late payment but less than 30 days delinquent | No | 7.15x | 100% |
| June 2026 | $219.5M | Current | No | 1.99x | 84% |
| May 2026 | $219.5M | Current | No | 1.99x | 84% |
| April 2026 | $219.5M | Current | No | 1.99x | 84% |
| March 2026 | $219.5M | Current | No | 1.99x | 100% |
| February 2026 | $219.5M | Current | No | 1.99x | 84% |
| January 2026 | $219.5M | Current | No | 2.07x | 84% |
| December 2025 | $219.5M | Current | No | n/a | 100% |
| November 2025 | $219.5M | Current | No | 1.99x | 84% |
| October 2025 | $219.5M | Current | No | 1.99x | 84% |
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
The loan is split into 7 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2023-C22 | 1 | $67,846,899 | Sep 2026 | SEC filing, September 29, 2026 |
| BBCMS Mortgage Trust 2023-C21 | 3 | $61,604,327 | Sep 2026 | SEC filing, September 29, 2026 |
| BMO 2023-C7 Mortgage Trust | 4 | $35,484,092 | Sep 2026 | SEC filing, October 2, 2026 |
| BBCMS Mortgage Trust 2024-C24 | 4-A-5 | $18,530,582 | Sep 2026 | SEC filing, September 29, 2026 |
| BBCMS Mortgage Trust 2024-C24 | 4-A-10 | $13,799,369 | Sep 2026 | SEC filing, September 29, 2026 |
| BBCMS Mortgage Trust 2024-C24 | 4-A-6 | $12,320,865 | Sep 2026 | SEC filing, September 29, 2026 |
| BBCMS Mortgage Trust 2024-C24 | 4-A-7 | $9,889,548 | Sep 2026 | SEC filing, September 29, 2026 |
Other Charleston-North Charleston loans due in 2033
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Residence Inn Charleston Summerville | Summerville, SC | Hotel | $9.5M | 7.332% | Sep 2033 | 2.76x | 83% | Current |
| Courtyard Charleston Summerville | Summerville, SC | Hotel | $9.0M | 7.332% | Sep 2033 | 3.24x | 81% | 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.