Retail portfolio, 2 properties · Multiple locations
Pennmark Portfolio
This portfolio is financed with a $5.0M CMBS loan at 7.604% that reaches maturity on May 6, 2034, in 7 years and 6 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $5,000,000
- Original balance (same notes)
- $5,000,000
- Interest rate
- 7.604% fixed
- Originated
- April 25, 2024
- Maturity
- May 6, 2034
- Payments
- Interest only for the full term
- Prepayment lockout ends
- February 5, 2034
- Master servicer
- Trimont LLC
- Originator
- UBS AG
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Value at securitization
- $9.3M (Feb 2024)
Performance
| At securitization | Latest (Mar 2025) | |
|---|---|---|
| DSCR (NOI) | 1.77x | 1.97x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 3 months) | $682K | $759K |
| Debt yield | 15.2% |
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-C26 filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 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 11% above the underwritten figure ($759K a year against $682K; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.77x at securitization to 1.97x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $5.0M | Current | No | 1.97x | 100% |
| August 2026 | $5.0M | Current | No | 1.97x | 100% |
| July 2026 | $5.0M | Current | No | 1.97x | 100% |
| June 2026 | $5.0M | Current | No | 1.97x | 100% |
| May 2026 | $5.0M | Current | No | 1.97x | 100% |
| April 2026 | $5.0M | Current | No | 1.97x | 100% |
| March 2026 | $5.0M | Current | No | 1.97x | 100% |
| February 2026 | $5.0M | Current | No | 1.97x | 100% |
| January 2026 | $5.0M | Current | No | 1.97x | 100% |
| December 2025 | $5.0M | Current | No | 1.97x | 100% |
| November 2025 | $5.0M | Current | No | 1.97x | 100% |
| October 2025 | $5.0M | Current | No | 1.97x | 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.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2024-C26 | 39 | $5,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
Other retail loans due in 2034
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| St. Johns Town Center | Jacksonville, FL | Retail | $360.0M | 5.948% | Jun 2034 | n/a | n/a | Current |
| Grapevine Mills | Grapevine, TX | Retail | $250.0M | 6.264% | Jul 2034 | n/a | n/a | Current |
| Danbury Fair Mall | Danbury, CT | Retail | $155.0M | 6.386% | Feb 2034 | 2.91x | 97% | Current |
| Newport Centre | Jersey City, NJ | Retail | $108.0M | 5.437% | Sep 2034 | 2.75x | 95% | Current |
| Twin Cities Premium Outlets | Eagan, MN | Retail | $95.0M | 6.696% | Nov 2034 | 2.28x | 84% | Current |
| Fayette Pavilion | Fayetteville, GA | Retail | $94.1M | 6.956% | Mar 2034 | 1.36x | 77% | Current |
| The Mall of Victor Valley | Victorville, CA | Retail | $85.0M | 6.723% | Sep 2034 | 2.01x | 83% | Current |
| 680 Madison | New York, NY | Retail | $80.0M | 6.702% | Jun 2034 | 1.74x | 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.