Multifamily · Seaford, Delaware
Residences at River Place III
Residences at River Place III is financed with a $6.4M CMBS loan at 7.15% that reaches maturity on August 6, 2029, in 2 years and 9 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $6,400,000
- Original balance (same notes)
- $6,400,000
- Interest rate
- 7.15% fixed
- Originated
- August 2, 2024
- Maturity
- August 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- February 5, 2029
- Master servicer
- Midland Loan Services
- Originator
- Greystone Select Company II LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 159 S North Street, Seaford, DE 19973
- Units, rooms or beds
- 36
- Built
- 2022
- Value at securitization
- $10.1M (Apr 2024)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.31x | n/a |
| Occupancy | 100% | n/a |
| Net operating income | $609K | n/a |
Watch flags
Computed from the BMO 2024-5C7 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.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $6.4M | Current | No | n/a | n/a |
| August 2026 | $6.4M | Current | No | n/a | n/a |
| July 2026 | $6.4M | Current | No | n/a | n/a |
| June 2026 | $6.4M | Current | No | n/a | n/a |
| May 2026 | $6.4M | Current | No | n/a | n/a |
| April 2026 | $6.4M | Current | No | n/a | n/a |
| March 2026 | $6.4M | Current | No | n/a | n/a |
| February 2026 | $6.4M | Current | No | n/a | n/a |
| January 2026 | $6.4M | Current | No | n/a | n/a |
| December 2025 | $6.4M | Current | No | n/a | n/a |
| November 2025 | $6.4M | Current | No | n/a | n/a |
| October 2025 | $6.4M | Current | 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 |
|---|---|---|---|---|
| BMO 2024-5C7 Mortgage Trust | 30 | $6,400,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other Delaware loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 222 Delaware Avenue | Wilmington, DE | Office | $35.5M | 7.38% | Nov 2029 | 1.65x | 84% | Current |
| Plaza at Milford | Milford, DE | Retail | $28.5M | 7.193% | Jul 2029 | n/a | n/a | Current |
| Chestnut Run Innovation & Science Park (building 709) | Wilmington, DE | Industrial | $26.0M | 7.59% | Dec 2029 | 1.24x | 100% | Current |
| 800 Delaware | Wilmington, DE | Office | $24.5M | 3.85% | Oct 2029 | 1.64x | 75% | Current |
| Silver Lake Office Portfolio | DE | Other | $21.0M | 7.47% | May 2029 | 2.02x | 100% | Current |
| SpringHill Suites Newark | Newark, DE | Hotel | $18.3M | 4.20% | Sep 2029 | 1.39x | 58% | Current |
| Riveredge Industrial | New Castle Hundred, DE | Industrial | $13.2M | 6.95% | Feb 2029 | 2.09x | 100% | Current |
| Dover Town Center | Dover, DE | Retail | $12.9M | 4.79% | Dec 2029 | 1.39x | 79% | 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.