Retail · Yuma, Arizona
Southgate Shopping Center, Yuma
Southgate Shopping Center is financed with a $15.6M CMBS loan at 7.44% that reaches maturity on July 6, 2034, in 7 years and 8 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $15,606,560
- Original balance (same notes)
- $15,900,000
- Interest rate
- 7.44% fixed
- Originated
- June 13, 2024
- Maturity
- July 6, 2034
- Payments
- Amortizing over 30 years
- Prepayment lockout ended
- August 5, 2026
- Prepayment premium ends
- April 5, 2034 (yield maintenance)
- Master servicer
- Midland
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 3096 S. 4th Ave S. 4th Ave 501 W. Catalina Dr. #C, 505 W. Catalina Dr., Yuma, AZ 85364
- Rentable area
- 183,801 sq ft
- Built
- 1973, renovated 2019
- Largest tenants
- Burlington Coat Factory; Goodwill Industries of Central and Northern Arizona, Inc.; Fitness Ventures - Yuma, LLC
- Value at securitization
- $24.9M (Oct 2024)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.50x | n/a |
| Occupancy | 98% | n/a |
| Net operating income | $2.0M | n/a |
Watch flags
Computed from the BMO 2024-C9 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 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 2030 as the lease end date for the largest tenant (Burlington Coat Factory), 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 | $15.6M | Current | No | n/a | n/a |
| August 2026 | $15.6M | Current | No | n/a | n/a |
| July 2026 | $15.6M | Current | No | n/a | n/a |
| June 2026 | $15.6M | Current | No | n/a | n/a |
| May 2026 | $15.7M | Current | No | n/a | n/a |
| April 2026 | $15.7M | Current | No | 1.50x | 98% |
| March 2026 | $15.7M | Current | No | 1.50x | 98% |
| February 2026 | $15.7M | Current | No | 1.47x | 98% |
| January 2026 | $15.7M | Current | No | 1.47x | 98% |
| December 2025 | $15.7M | Current | No | 1.32x | 98% |
| November 2025 | $15.7M | Current | No | 1.32x | 98% |
| October 2025 | $15.7M | Current | No | 1.32x | 98% |
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-C9 Mortgage Trust | 17 | $15,606,560 | 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.