Office · Kansas City, Missouri
Polsinelli Headquarters
Polsinelli Headquarters is financed with a $64.1M CMBS loan at 7.828% that reaches maturity on December 1, 2029, in 3 years and 1 month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $64,121,292
- Original balance (same notes)
- $65,000,000
- Interest rate
- 7.828% fixed
- Originated
- November 8, 2024
- Maturity
- December 1, 2029
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- May 31, 2029
- Master servicer
- Wells Fargo Bank, NA
- Originator
- Bank of America, N.A.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 900 West 48th Place, Kansas City, MO 64112
- Metro
- Kansas City, MO-KS
- Rentable area
- 253,796 sq ft
- Built
- 2013
- Largest tenants
- Polsinelli PC; Firm Foundation Group LLC; COMPASS INC.
- Value at securitization
- $113.7M (Sep 2024)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.44x | 1.52x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $8.1M | $8.6M |
| Debt yield | 13.5% |
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 BANK5 2024-5YR12 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
- Net operating income is 6% above the underwritten figure ($8.6M a year against $8.1M; the latest statement covers 6 months, annualized).
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $64.1M | Current | No | 1.52x | 100% |
| August 2026 | $64.2M | Current | No | 1.52x | 100% |
| July 2026 | $64.2M | Current | No | 1.48x | 100% |
| June 2026 | $64.2M | Current | No | 1.53x | 100% |
| May 2026 | $64.3M | Current | No | 1.53x | 100% |
| April 2026 | $64.3M | Current | No | 1.53x | 100% |
| March 2026 | $64.4M | Current | No | 1.53x | 100% |
| February 2026 | $64.4M | Current | No | 1.55x | 100% |
| January 2026 | $64.5M | Current | No | 1.55x | 100% |
| December 2025 | $64.5M | Current | No | 1.54x | 100% |
| November 2025 | $64.6M | Current | No | 1.54x | 100% |
| October 2025 | $64.6M | Late payment but less than 30 days delinquent | No | n/a | n/a |
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 |
|---|---|---|---|---|
| BANK5 2024-5YR12 | 5 | $64,121,292 | Sep 2026 | SEC filing, September 29, 2026 |
Other Kansas City loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 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 |
| Oak Park Commons | Lenexa, KS | Retail | $27.0M | 6.774% | Jan 2029 | 2.28x | 96% | 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.