Multifamily · Greeley, Colorado
Sunlight Townhomes and Greeley Apartments
Sunlight Townhomes and Greeley Apartments is financed with a $18.0M CMBS loan at 6.395% that reaches maturity on September 1, 2029, in 2 years and 10 months. 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
- $17,960,000
- Original balance (same notes)
- $17,960,000
- Interest rate
- 6.395% fixed
- Originated
- August 12, 2024
- Maturity
- September 1, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ended
- August 31, 2026
- Prepayment premium ends
- April 30, 2029 (yield maintenance)
- Master servicer
- Wells Fargo Bank, NA
- Originator
- MSBNA
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred November 13, 2025
- Workout strategy
- Foreclosure
- Defeasance
- Partly defeased
The property
- Address
- 506 16th Street and 1508 9th Avenue, Greeley, CO 80631
- Units, rooms or beds
- 141
- Built
- 1964, renovated 2022
- Value at securitization
- $26.7M (Jun 2024)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.35x | 1.07x |
| Occupancy | 92% | 91% |
| Net operating income (annualized from 3 months) | $1.6M | $1.3M |
| Debt yield | 7.0% |
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 2024-5YR10 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
- Coverage down 0.25x or more from securitization
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
- Net operating income is 20% below the underwritten figure ($1.3M a year against $1.6M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.35x at securitization to 1.07x on the latest statements.
- The most recent valuation in the filing is $21.9M (January 20, 2026), against $26.7M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $18.0M | 90+ days delinquent | Yes | 1.07x | 91% |
| August 2026 | $18.0M | 90+ days delinquent | Yes | 1.07x | 91% |
| July 2026 | $18.0M | 90+ days delinquent | Yes | 1.07x | 87% |
| June 2026 | $18.0M | 90+ days delinquent | Yes | 1.07x | 87% |
| May 2026 | $18.0M | 90+ days delinquent | Yes | 0.54x | 83% |
| April 2026 | $18.0M | 90+ days delinquent | Yes | 0.54x | 83% |
| March 2026 | $18.0M | 90+ days delinquent | Yes | 0.54x | 83% |
| February 2026 | $18.0M | 90+ days delinquent | Yes | 0.54x | 83% |
| January 2026 | $18.0M | 90+ days delinquent | Yes | 0.54x | 83% |
| December 2025 | $18.0M | 60-89 days delinquent | Yes | 0.54x | 83% |
| November 2025 | $18.0M | 30-59 days delinquent | No | 0.54x | 83% |
| October 2025 | $18.0M | Late payment but less than 30 days delinquent | No | 0.54x | 83% |
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 13, 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 |
|---|---|---|---|---|
| BANK5 2024-5YR10 | 17 | $17,960,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Colorado loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Westlake Village I & II | Greeley, CO | Retail | $8.6M | 3.571% | Nov 2029 | 4.84x | 95% | Current |
| Guardian Storage Greeley | Greeley, CO | Self storage | $8.4M | 6.828% | Nov 2029 | 1.20x | 87% | Current |
| Village Apartments | Evans, CO | Multifamily | $1.8M | 4.57% | Dec 2029 | 2.61x | 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.