Other portfolio, 7 properties · Multiple locations
Rhino Portfolio 3
Public CMBS trusts hold $72.2M of the loan on this portfolio at 6.932% that reaches maturity on January 6, 2034, in 7 years and 2 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $72,150,000
- Original balance (same notes)
- $72,150,000
- Interest rate
- 6.932% fixed
- Originated
- December 19, 2023
- Maturity
- January 6, 2034
- Payments
- Interest only for the full term
- Prepayment lockout ended
- February 5, 2026
- Prepayment premium ends
- July 5, 2033 (yield maintenance)
- Master servicer
- KeyBank National Association
- Originator
- Barclays Capital Real Estate Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Value at securitization
- $220.1M
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 1.57x | 1.18x |
| Occupancy | 95% | 78% |
| Net operating income | $15.1M | $13.8M |
| Debt yield | 19.1% |
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 2024-BNK47 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
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 95% when the loan was securitized to 78%.
- Net operating income is 9% below the underwritten figure ($13.8M a year against $15.1M).
- Debt service coverage moved from 1.57x at securitization to 1.18x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $72.2M | Current | No | 1.18x | 78% |
| August 2026 | $72.2M | Current | No | 1.18x | 78% |
| July 2026 | $72.2M | Current | No | 1.18x | 78% |
| June 2026 | $72.2M | Current | No | 1.18x | 78% |
| May 2026 | $35.0M | Current | No | 1.21x | 87% |
| April 2026 | $72.2M | Current | No | 1.21x | 87% |
| March 2026 | $72.2M | Current | No | 1.21x | 87% |
| February 2026 | $72.2M | Current | No | 1.21x | 87% |
| January 2026 | $72.2M | Current | No | 1.21x | 87% |
| December 2025 | $72.2M | Current | No | 1.21x | 87% |
| November 2025 | $72.2M | Current | No | 1.21x | 87% |
| October 2025 | $72.2M | Current | No | 1.21x | 87% |
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
The loan is split into 3 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2024-C26 | 6 | $35,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
| BANK 2024-BNK47 | 10 | $20,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| BANK 2024-BNK47 | 10A | $17,150,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other other loans due in 2034
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| River East Garage | Chicago, IL | Other | $66.7M | 7.755% | Dec 2034 | n/a | n/a | Current |
| Mercer Square Owners Corp. | New York, NY | Other | $43.0M | 6.03% | Aug 2034 | n/a | n/a | Current |
| Bradley Fair | Wichita, KS | Other | $30.0M | 6.385% | Mar 2034 | 0.94x | 100% | Current |
| Forest Green Apt. Corp. | Islip, NY | Other | $20.4M | 6.39% | Jul 2034 | 0.11x | 95% | Current |
| Brooklyn Renaissance Garage | Brooklyn, NY | Other | $15.0M | 7.02% | Sep 2034 | 1.55x | n/a | Current |
| North Carolina Cornerstone Portfolio | NC | Other | $13.2M | 6.96% | Aug 2034 | 1.56x | 100% | Current |
| Warminster Heights Home Ownership Association, Inc. | Warminster, PA | Other | $9.8M | 6.25% | Jul 2034 | n/a | n/a | Current |
| Hudson Courts Owners, Inc. | Yonkers, NY | Other | $8.9M | 5.89% | Oct 2034 | n/a | n/a | 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.