Multifamily · Sarasota, Florida
One Palm Apartments
One Palm Apartments is financed with a $22.0M CMBS loan at 4.02% that reaches maturity on October 1, 2029, in 2 years and 11 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $22,000,000
- Original balance (same notes)
- $22,000,000
- Interest rate
- 4.02% fixed
- Originated
- September 30, 2019
- Maturity
- October 1, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- June 30, 2029
- Master servicer
- Trimont LLC
- Originator
- BANA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 201 South Palm Avenue, Sarasota, FL 34236
- Metro
- North Port-Bradenton-Sarasota, FL
- Units, rooms or beds
- 138
- Built
- 2016
- Value at securitization
- $41.2M (Oct 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.31x | 2.69x |
| Occupancy | 98% | 91% |
| Net operating income (annualized from 6 months) | $2.1M | $2.4M |
| Debt yield | 11.0% |
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 BANK 2019-BNK24 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.
What the filing shows
- Occupancy has fallen from 98% when the loan was securitized to 91%.
- Net operating income is 17% above the underwritten figure ($2.4M a year against $2.1M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.31x at securitization to 2.69x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $22.0M | Current | No | 2.69x | 91% |
| August 2026 | $22.0M | Current | No | 2.86x | 92% |
| July 2026 | $22.0M | Current | No | 2.86x | 92% |
| June 2026 | $22.0M | Current | No | 2.86x | 92% |
| May 2026 | $22.0M | Current | No | 2.86x | 92% |
| April 2026 | $22.0M | Current | No | 2.92x | 91% |
| March 2026 | $22.0M | Current | No | 2.92x | 91% |
| February 2026 | $22.0M | Current | No | 2.92x | 91% |
| January 2026 | $22.0M | Current | No | 2.89x | 91% |
| December 2025 | $22.0M | Current | No | 2.89x | 91% |
| November 2025 | $22.0M | Current | No | 2.98x | 95% |
| October 2025 | $22.0M | Current | No | 2.98x | 95% |
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 |
|---|---|---|---|---|
| BANK 2019-BNK24 | 16 | $22,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other North Port-Bradenton-Sarasota loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| University Parkway Sarasota Self Storage | Sarasota, FL | Self storage | $39.8M | 4.40% | Jun 2029 | n/a | n/a | Current |
| University Station Sarasota | Sarasota, FL | Retail | $14.7M | 3.777% | Sep 2029 | 1.97x | 100% | Current |
| Aloha Mobile Home Park | Sarasota, FL | Manufactured housing | $9.5M | 5.20% | May 2029 | 1.34x | 44% | Current |
| Days Inn Sarasota | Sarasota, FL | Hotel | $4.2M | 4.80% | Jul 2029 | 1.71x | 59% | Current |
| 5911 North Honore Avenue | Sarasota, FL | Office | $3.5M | 5.48% | Apr 2029 | 2.28x | 100% | Current |
All loans maturing in 2029 · All North Port-Bradenton-Sarasota 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.