Self storage · Toledo, Ohio
Stor365
Stor365 is financed with a $2.1M CMBS loan at 7.987% that reaches maturity on May 11, 2029, in 2 years and 6 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $2,140,000
- Original balance (same notes)
- $2,140,000
- Interest rate
- 7.987% fixed
- Originated
- April 16, 2024
- Maturity
- May 11, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- February 10, 2029
- Master servicer
- Wells Fargo Bank, NA
- Originator
- WFB
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 6115 Telegraph Road, Toledo, OH 43612
- Metro
- Toledo, OH
- Rentable area
- 39,415 sq ft
- Units, rooms or beds
- 331
- Built
- 1983, renovated 2018
- Value at securitization
- $3.5M (Mar 2024)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.42x | 1.12x |
| Occupancy | 83% | 95% |
| Net operating income (annualized from 6 months) | $247K | $195K |
| Debt yield | 9.1% |
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 BANK5 2024-5YR7 filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 2026.
- Coverage down 0.25x or more from securitization
- NOI down 20% or more from securitization
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
- Occupancy has risen from 83% when the loan was securitized to 95%.
- Net operating income is 21% below the underwritten figure ($195K a year against $247K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.42x at securitization to 1.12x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $2.1M | Current | No | 1.12x | 95% |
| August 2026 | $2.1M | Current | No | 1.10x | 94% |
| July 2026 | $2.1M | Current | No | 1.10x | 94% |
| June 2026 | $2.1M | Current | No | 1.10x | 94% |
| May 2026 | $2.1M | Current | No | 1.23x | 89% |
| April 2026 | $2.1M | Current | No | 1.41x | 79% |
| March 2026 | $2.1M | Current | No | 1.34x | 79% |
| February 2026 | $2.1M | Current | No | 1.34x | 79% |
| January 2026 | $2.1M | Current | No | 1.34x | 79% |
| December 2025 | $2.1M | Current | No | 1.34x | 79% |
| November 2025 | $2.1M | Current | No | 1.30x | 79% |
| October 2025 | $2.1M | Current | No | 1.30x | 79% |
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 2024-5YR7 | 37 | $2,140,000 | Sep 2026 | SEC filing, October 1, 2026 |
Other Toledo loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Spring Hollow Apartments | Toledo, OH | Multifamily | $25.9M | 5.10% | Feb 2029 | -0.88x | 38% | Current |
| Staybridge Suites Toledo | Maumee, OH | Hotel | $8.3M | 7.61% | Jan 2029 | 1.80x | 73% | Current |
| Holland Art Van | Holland, OH | Retail | $8.0M | 5.45% | Jan 2029 | 0.85x | 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.