Industrial portfolio, 7 properties · Multiple locations
SSW Advanced Technologies
Public CMBS trusts hold $55.1M of the loan on this portfolio at 7.189% that reaches maturity on March 11, 2034, in 7 years and 4 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $55,100,000
- Original balance (same notes)
- $55,100,000
- Interest rate
- 7.189% fixed
- Originated
- February 23, 2024
- Maturity
- March 11, 2034
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ended
- July 10, 2026
- Prepayment premium ends
- September 10, 2033 (yield maintenance)
- Master servicer
- Trimont LLC
- Originator
- Wells Fargo Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Value at securitization
- $87.5M
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.44x | 1.52x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $6.5M | $6.1M |
| Debt yield | 11.1% |
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 BANK 2024-BNK47 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 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
- Net operating income is 5% below the underwritten figure ($6.1M a year against $6.5M; the latest statement covers 6 months, annualized).
The last 11 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $55.1M | Current | No | 1.52x | 100% |
| August 2026 | $55.1M | Current | No | 1.56x | 100% |
| July 2026 | $55.1M | Current | No | 1.56x | 100% |
| June 2026 | $55.1M | Current | No | 1.35x | 100% |
| April 2026 | $55.1M | Current | No | 1.35x | 100% |
| March 2026 | $55.1M | Current | No | 1.31x | 100% |
| February 2026 | $55.1M | Current | No | 1.31x | 100% |
| January 2026 | $55.1M | Current | No | 1.31x | 100% |
| December 2025 | $55.1M | Current | No | n/a | n/a |
| November 2025 | $55.1M | Current | No | n/a | n/a |
| October 2025 | $55.1M | Current | No | n/a | n/a |
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
The loan is split into 3 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BANK 2024-BNK47 | 8 | $30,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| BANK 2024-BNK47 | 8A | $15,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| BANK 2024-BNK47 | 8B | $10,100,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other industrial loans due in 2034
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Ford Motor Co | Monroe, MI | Industrial | $76.7M | 6.103% | Nov 2034 | 2.03x | 100% | Current |
| Phoenix Industrial Portfolio XI | Industrial | $75.0M | 6.433% | Apr 2034 | 2.19x | 85% | Current | |
| Poindexter Industrial Portfolio | Industrial | $70.5M | 5.65% | Oct 2034 | 1.86x | 100% | Current | |
| Winn-Dixie Distribution Center Warehouse | Hammond, LA | Industrial | $60.0M | 6.467% | Dec 2034 | n/a | n/a | Current |
| Tekni-Plex Industrial Portfolio | Industrial | $58.4M | 6.75% | Feb 2034 | 1.93x | 100% | Current | |
| West Michigan Industrial Portfolio | MI | Industrial | $53.2M | 6.18% | Nov 2034 | 2.22x | 100% | Current |
| Phoenix Industrial Portfolio XII | Galesburg, IL | Industrial | $52.5M | 6.55% | Dec 2034 | n/a | n/a | Late, less than 30 days |
| Ringgold | Ringgold, VA | Industrial | $44.8M | 5.65% | Oct 2034 | 2.41x | 100% | Current |
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.