Office · Austin, Texas
Rialto I & Ii
Rialto I & Ii is financed with a $30.0M CMBS loan at 8.143% that reaches maturity on April 6, 2029, in 2 years and 5 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $30,000,000
- Original balance (same notes)
- $30,000,000
- Interest rate
- 8.143% fixed
- Originated
- March 19, 2024
- Maturity
- April 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- December 5, 2028
- Master servicer
- Midland Loan Services
- Originator
- Argentic Real Estate Finance 2 LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 7500 Rialto Boulevard, Austin, TX 78735
- Metro
- Austin-Round Rock-San Marcos, TX
- Rentable area
- 155,483 sq ft
- Built
- 2002
- Largest tenants
- RGN-Austin VIII, LLC; Arnica Mutual Insurance Company; Hospitalists Now, Inc.
- Value at securitization
- $44.5M (Jan 2024)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.62x | 1.51x |
| Occupancy | 92% | 67% |
| Net operating income (annualized from 6 months) | $4.0M | $7.6M |
| Debt yield | 25.2% |
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 BMO 2024-5C4 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- 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 92% when the loan was securitized to 67%.
- Net operating income is 88% above the underwritten figure ($7.6M a year against $4.0M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.62x at securitization to 1.51x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $30.0M | Current | No | 1.51x | 67% |
| August 2026 | $30.0M | Current | No | 1.55x | 86% |
| July 2026 | $30.0M | Current | No | 1.55x | 86% |
| June 2026 | $30.0M | Current | No | 1.55x | 86% |
| May 2026 | $30.0M | Current | No | n/a | n/a |
| April 2026 | $30.0M | Current | No | 1.43x | 89% |
| March 2026 | $30.0M | Current | No | 1.43x | 89% |
| February 2026 | $30.0M | Current | No | 1.82x | 89% |
| January 2026 | $30.0M | Current | No | 1.82x | 93% |
| December 2025 | $30.0M | Current | No | 1.96x | 93% |
| November 2025 | $30.0M | Current | No | 1.96x | 93% |
| October 2025 | $30.0M | Current | No | 1.96x | 93% |
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 2024-5C4 Mortgage Trust | 11 | $30,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other Austin-Round Rock-San Marcos loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Langdon at Walnut Park | Austin, TX | Multifamily | $55.0M | 6.257% | Sep 2029 | 0.84x | 91% | Current |
| SkyLoft Austin | Austin, TX | Multifamily | $36.0M | 4.283% | Mar 2029 | 3.06x | 87% | Current |
| Villa Nueces | Austin, TX | Multifamily | $30.0M | 4.598% | Nov 2029 | n/a | n/a | Current |
| Springdale General | Austin, TX | Office | $24.5M | 4.76% | Jan 2029 | 3.18x | 100% | Current |
| Crystal Falls | Leander, TX | Retail | $21.2M | 4.15% | Jul 2029 | 2.28x | 96% | Current |
| Home2 Suites By Hilton Domain | Austin, TX | Hotel | $18.8M | 4.53% | Jul 2029 | n/a | n/a | Current |
| Kyle Crossings | Kyle, TX | Retail | $18.1M | 5.463% | Jan 2029 | 2.83x | 99% | Current |
| Innovation Business Park 7 | Hutto, TX | Industrial | $17.5M | 9.302% | May 2029 | n/a | n/a | Current |
All loans maturing in 2029 · All Austin-Round Rock-San Marcos loans
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.