Retail · Lenexa, Kansas
Oak Park Commons
Oak Park Commons is financed with a $27.0M CMBS loan at 6.774% that reaches maturity on January 1, 2029, in 2 years and 2 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $27,000,000
- Original balance (same notes)
- $27,000,000
- Interest rate
- 6.774% fixed
- Originated
- December 27, 2023
- Maturity
- January 1, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- June 30, 2028
- Master servicer
- Trimont LLC
- Originator
- Societe Generale Financial Corporation
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- West 95th Street and Quivira Road, Lenexa, KS 66215
- Metro
- Kansas City, MO-KS
- Rentable area
- 342,137 sq ft
- Built
- 1986
- Largest tenants
- Hobby Lobby; Ross Dress for Less; Burlington Coat Factory
- Value at securitization
- $41.9M (Nov 2023)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.05x | 2.28x |
| Occupancy | 87% | 96% |
| Net operating income (annualized from 6 months) | $3.8M | $4.3M |
| Debt yield | 15.8% |
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 BMO 2024-5C3 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 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.
What the filing shows
- Occupancy has risen from 87% when the loan was securitized to 96%.
- Net operating income is 12% above the underwritten figure ($4.3M a year against $3.8M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.05x at securitization to 2.28x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $27.0M | Current | No | 2.28x | 96% |
| August 2026 | $27.0M | Current | No | 2.28x | 96% |
| July 2026 | $27.0M | Current | No | 2.12x | 96% |
| June 2026 | $27.0M | Current | No | 2.12x | 96% |
| May 2026 | $27.0M | Current | No | 2.71x | 96% |
| April 2026 | $27.0M | Current | No | 2.71x | 96% |
| March 2026 | $27.0M | Current | No | 2.43x | 92% |
| February 2026 | $27.0M | Current | No | 2.43x | 92% |
| January 2026 | $27.0M | Current | No | 2.43x | 92% |
| December 2025 | $27.0M | Current | No | 2.43x | 92% |
| November 2025 | $27.0M | Current | No | 2.36x | 96% |
| October 2025 | $27.0M | Current | No | 2.36x | 96% |
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 2024-5C3 Mortgage Trust | 14 | $27,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other Kansas City loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Polsinelli Headquarters | Kansas City, MO | Office | $64.1M | 7.828% | Dec 2029 | 1.52x | 100% | Current |
| Southlake Office Park | Lenexa, KS | Office | $57.0M | 5.126% | Feb 2029 | 2.17x | n/a | Current |
| Magnolia Parc | Overland Park, KS | Multifamily | $30.0M | 4.616% | Nov 2029 | 1.10x | 93% | Current |
| Truman's Marketplace | Grandview, MO | Retail | $20.2M | 5.00% | Jan 2029 | n/a | n/a | Current |
| Century Towers | Kansas City, MO | Mixed use | $20.0M | 5.42% | Mar 2029 | 1.62x | 88% | Current |
| Executive Centre I II III | Overland Park, KS | Office | $15.6M | 3.71% | Sep 2029 | 1.96x | 66% | Current |
| Crown Heights | Gladstone, MO | Multifamily | $13.5M | 3.40% | Nov 2029 | 3.61x | 95% | Current |
| The Village Apartments | Kansas City, MO | Multifamily | $12.2M | 4.20% | Dec 2029 | 2.65x | 97% | 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.