Industrial · Union, South Carolina
South Carolina Industrial
South Carolina Industrial is financed with a $40.0M CMBS loan at 7.42% that reaches maturity on November 5, 2034, in 8 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer and 90+ days delinquent.
The loan
- Balance in tracked trusts
- $40,000,000
- Original balance (same notes)
- $40,000,000
- Interest rate
- 7.42% fixed
- Originated
- October 10, 2024
- Maturity
- November 5, 2034
- Payments
- Interest only for the full term
- Master servicer
- KeyBank Real Estate Capital
- Originator
- 3650 REIT 2
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred November 11, 2025
- Workout strategy
- Foreclosure
- Defeasance
- None reported
The property
- Address
- 260 Midway Drive, Union, SC 29379
- Rentable area
- 135,939 sq ft
- Built
- 2018, renovated 2023
- Largest tenants
- Mycoworks Inc.
- Value at securitization
- $76.6M (Jan 2024)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | 100% | 100% |
| Net operating income | n/a | n/a |
Watch flags
Computed from the BMO 2024-C10 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
On the cmbs.news watch list in all 12 monthly reports we hold (October 2025 to September 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
- The most recent valuation in the filing is $50.1M (June 5, 2026), against $76.6M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $40.0M | 90+ days delinquent | Yes | n/a | 100% |
| August 2026 | $40.0M | 90+ days delinquent | Yes | n/a | 100% |
| July 2026 | $40.0M | 90+ days delinquent | Yes | n/a | 100% |
| June 2026 | $40.0M | 90+ days delinquent | Yes | n/a | 100% |
| May 2026 | $40.0M | 90+ days delinquent | Yes | n/a | 100% |
| April 2026 | $40.0M | 90+ days delinquent | Yes | n/a | 100% |
| March 2026 | $40.0M | 90+ days delinquent | Yes | n/a | 100% |
| February 2026 | $40.0M | 90+ days delinquent | Yes | n/a | 100% |
| January 2026 | $40.0M | 60-89 days delinquent | Yes | n/a | 100% |
| December 2025 | $40.0M | 30-59 days delinquent | Yes | n/a | 100% |
| November 2025 | $40.0M | Late payment but less than 30 days delinquent | Yes | n/a | 100% |
| October 2025 | $40.0M | Not reported | No | -7.49x | 100% |
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.
Special-servicing history
- Transferred to the special servicer November 11, 2025, still there.
- Transferred to the special servicer November 12, 2025, still there.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BMO 2024-C10 Mortgage Trust | 6 | $40,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
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.