Office portfolio, 2 properties · Multiple locations
OPI Portfolio
Public CMBS trusts hold $29.3M of the loan on this portfolio at 7.671% that reaches maturity on October 6, 2028, in 23 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $29,300,000
- Original balance (same notes)
- $29,300,000
- Interest rate
- 7.671% fixed
- Originated
- September 13, 2023
- Maturity
- October 6, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ended
- November 5, 2024
- Prepayment premium ends
- April 5, 2028 (yield maintenance)
- Master servicer
- Trimont LLC
- Originator
- UBS AG
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred December 10, 2025, returned July 31, 2026
- Workout strategy
- Resolved
- Defeasance
- Partly defeased
The property
- Value at securitization
- $112.1M
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.78x | 1.62x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $7.5M | $6.9M |
| Debt yield | 23.5% |
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 BMO 2024-C8 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
- Net operating income is 8% below the underwritten figure ($6.9M a year against $7.5M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.78x at securitization to 1.62x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $29.3M | Current | No | 1.62x | 100% |
| August 2026 | $29.3M | Current | No | 1.64x | 100% |
| July 2026 | $29.3M | Current | Yes | 1.64x | 100% |
| June 2026 | $29.3M | Current | Yes | 1.64x | 100% |
| May 2026 | $29.3M | Current | Yes | 1.64x | 100% |
| April 2026 | $29.3M | Current | Yes | 1.71x | 100% |
| March 2026 | $29.3M | Current | Yes | 1.71x | 100% |
| February 2026 | $29.3M | Current | Yes | 1.71x | 100% |
| January 2026 | $29.3M | Current | Yes | 1.71x | 100% |
| December 2025 | $29.3M | Current | Yes | 1.71x | 100% |
| November 2025 | $29.3M | Current | No | 1.71x | 100% |
| October 2025 | $29.3M | Current | No | 1.71x | 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 December 10, 2025, returned to the master servicer July 31, 2026.
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
The loan is split into 3 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BMO 2024-5C3 Mortgage Trust | 18 | $23,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
| BMO 2024-C8 Mortgage Trust | 21A | $4,300,000 | Sep 2026 | SEC filing, October 2, 2026 |
| BMO 2024-C8 Mortgage Trust | 21 | $2,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other office loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| One SoHo Square | New York, NY | Office | $469.0M | 2.725% | Aug 2028 | 1.78x | 85% | With the special servicer |
| Apple Campus 3, Sunnyvale (2028 maturity), loan 1 in BANK 2018-BNK10 | Sunnyvale, CA | Office | $310.0M | 3.365% | Jan 2028 | 3.78x | 100% | Current |
| Moffett Towers - Buildings E,f,g | Sunnyvale, CA | Office | $284.0M | 4.131% | Oct 2028 | 3.51x | 100% | Current |
| 11 West 42nd Street | New York, NY | Office | $274.0M | 7.44% | Jul 2028 | 1.27x | 99% | Current |
| 181 Fremont Street | San Francisco, CA | Office | $250.0M | 3.709% | Apr 2028 | 3.52x | 100% | Current |
| Back Bay Office | Boston, MA | Office | $237.5M | 6.298% | Jul 2028 | 2.24x | 86% | Current |
| Harborside 2-3 | Jersey City, NJ | Office | $225.0M | 5.84% | Apr 2028 | 2.29x | 76% | Current |
| Marina Heights State Farm | Tempe, AZ | Office | $210.0M | 3.56% | Jan 2028 | 2.93x | 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.