Multifamily · San Antonio, Texas
Rio Springs Apartments
Rio Springs Apartments is financed with a $12.2M CMBS loan at 6.69% 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 delinquent: 30-59 days delinquent.
The loan
- Balance in tracked trusts
- $12,200,000
- Original balance (same notes)
- $12,200,000
- Interest rate
- 6.69% fixed
- Originated
- November 18, 2024
- Maturity
- December 1, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ended
- December 31, 2025
- Prepayment premium ends
- May 31, 2029 (yield maintenance)
- Master servicer
- Wells Fargo Bank, NA
- Originator
- Societe Generale Financial Corporation
Status
- Payment status
- 30-59 days delinquent (code 1)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 2800 West Hutchins Place, San Antonio, TX 78224
- Metro
- San Antonio-New Braunfels, TX
- Units, rooms or beds
- 240
- Built
- 1984, renovated 2023
- Value at securitization
- $18.3M (Oct 2024)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 1.40x | 1.56x |
| Occupancy | 90% | 89% |
| Net operating income | $1.2M | $1.3M |
| Debt yield | 10.5% |
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 BMO 2024-5C8 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- 30+ days delinquent or matured unpaid
On the cmbs.news watch list in every report since July 2026.
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 ($1.3M a year against $1.2M).
- Debt service coverage moved from 1.40x at securitization to 1.56x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $12.2M | 30-59 days delinquent | No | 1.56x | 89% |
| August 2026 | $12.2M | 30-59 days delinquent | No | 1.56x | 89% |
| July 2026 | $12.2M | 30-59 days delinquent | No | 1.56x | 89% |
| June 2026 | $12.2M | Late payment but less than 30 days delinquent | No | 1.56x | 89% |
| May 2026 | $12.2M | Late payment but less than 30 days delinquent | No | 1.56x | 88% |
| April 2026 | $12.2M | Late payment but less than 30 days delinquent | No | 1.56x | 88% |
| March 2026 | $12.2M | Late payment but less than 30 days delinquent | No | 1.56x | 88% |
| February 2026 | $12.2M | Late payment but less than 30 days delinquent | No | 1.56x | 88% |
| January 2026 | $12.2M | Late payment but less than 30 days delinquent | No | 1.56x | 88% |
| December 2025 | $12.2M | Late payment but less than 30 days delinquent | No | 1.52x | 88% |
| November 2025 | $12.2M | Current | No | 1.52x | 88% |
| October 2025 | $12.2M | Current | No | 1.52x | 88% |
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 2024-5C8 Mortgage Trust | 29 | $12,200,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other San Antonio-New Braunfels loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| USRA Marathon Oil Building | San Antonio, TX | Office | $110.0M | 3.65% | Sep 2029 | 2.06x | 100% | Current |
| FedEx Ground Package System - San Antonio | San Antonio, TX | Industrial | $77.8M | 4.489% | May 2029 | n/a | n/a | Current |
| The Light Building | San Antonio, TX | Office | $43.5M | 6.86% | Jun 2029 | 1.38x | 86% | Current |
| Forward Storage San Antonio | San Antonio, TX | Self storage | $30.9M | 7.42% | Jan 2029 | 1.20x | 100% | Current |
| 19100 Ridgewood | San Antonio, TX | Office | $30.0M | 3.65% | Sep 2029 | 2.04x | 100% | Current |
| Courtyard By Marriott San Antonio Riverwalk | San Antonio, TX | Hotel | $27.8M | 5.35% | Jan 2029 | 2.23x | 63% | Late, less than 30 days |
| Terrell Plaza | San Antonio, TX | Retail | $16.6M | 6.95% | Feb 2029 | 1.55x | 96% | Current |
| Courtyard Plaza | New Braunfels, TX | Retail | $14.4M | 4.67% | Jul 2029 | 2.53x | 97% | Late, less than 30 days |
All loans maturing in 2029 · All San Antonio-New Braunfels 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.