Industrial · Augusta, Georgia
Riverwest Business Park
Riverwest Business Park is financed with a $3.3M CMBS loan at 5.98% that reaches maturity on October 1, 2029, in 2 years and 11 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $3,250,000
- Original balance (same notes)
- $3,250,000
- Interest rate
- 5.98% fixed
- Originated
- September 10, 2024
- Maturity
- October 1, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- June 30, 2029
- Master servicer
- Wells Fargo Bank, NA
- Originator
- BANA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 2917 Riverwest Drive, Augusta, GA 30907
- Metro
- Augusta-Richmond County, GA-SC
- Rentable area
- 51,370 sq ft
- Built
- 2004
- Largest tenants
- Leaf Filter; Austin Pet Care; Martial Arts
- Value at securitization
- $5.2M (Aug 2024)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.98x | 1.90x |
| Occupancy | 96% | 96% |
| Net operating income | $390K | $375K |
| Debt yield | 11.5% |
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 2024-5YR11 filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 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
- The filing gives Feb 2028 as the lease end date for the largest tenant (Leaf Filter), before the loan matures. Lenders look hard at that rollover.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $3.3M | Current | No | 1.90x | 96% |
| August 2026 | $3.3M | Current | No | 1.90x | 96% |
| July 2026 | $3.3M | Current | No | 1.90x | 96% |
| June 2026 | $3.3M | Current | No | 1.69x | 100% |
| May 2026 | $3.3M | Current | No | 1.69x | 100% |
| April 2026 | $3.3M | Current | No | 1.69x | 100% |
| March 2026 | $3.3M | Current | No | 1.69x | 100% |
| February 2026 | $3.3M | Current | No | 1.64x | 96% |
| January 2026 | $3.3M | Current | No | 1.64x | 96% |
| December 2025 | $3.3M | Current | No | 1.64x | 96% |
| November 2025 | $3.3M | Current | No | 1.56x | 96% |
| October 2025 | $3.3M | Current | No | 1.59x | 96% |
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 2024-5YR11 | 31 | $3,250,000 | Sep 2026 | SEC filing, October 1, 2026 |
Other Augusta-Richmond County loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Ramblewood Apartments | Augusta, GA | Multifamily | $29.6M | 5.26% | Mar 2029 | n/a | n/a | Current |
| Crowne Plaza North Augusta | North Augusta, SC | Hotel | $29.0M | 7.797% | Dec 2029 | 2.20x | 67% | Current |
| Hollywood Storage - Evans | Evans, GA | Self storage | $14.3M | 4.60% | May 2029 | n/a | n/a | Current |
| South Carolina Storage Portfolio - Summit Self Storage | North Augusta, SC | Self storage | $11.0M | 4.29% | Jun 2029 | n/a | n/a | Current |
| Home2 Suites - Grovetown | Grovetown, GA | Hotel | $10.9M | 4.032% | Nov 2029 | 2.67x | 69% | Current |
| Washington Road Self Storage | Martinez, GA | Self storage | $8.8M | 4.00% | Dec 2029 | 1.60x | 84% | Current |
| Grovetown Self-Storage | Grovetown, GA | Self storage | $6.4M | 4.15% | Aug 2029 | n/a | n/a | Current |
| The Storage Center | Aiken, SC | Self storage | $4.3M | 4.005% | Dec 2029 | 2.26x | 89% | Current |
All loans maturing in 2029 · All Augusta-Richmond County 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.