Self storage · Plaquemine, Louisiana
Sunshine Storage
Sunshine Storage is financed with a $3.6M CMBS loan at 7.223% that reaches maturity on January 6, 2029, in 2 years and 2 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $3,630,000
- Original balance (same notes)
- $3,630,000
- Interest rate
- 7.223% fixed
- Originated
- December 28, 2023
- Maturity
- January 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- July 5, 2028
- Master servicer
- Trimont LLC
- Originator
- UBS AG
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 58521 Belleview Drive & 22035 La-1, Plaquemine, LA 70764
- Metro
- Baton Rouge, LA
- Rentable area
- 55,075 sq ft
- Units, rooms or beds
- 440
- Built
- 2007
- Value at securitization
- $6.0M (Nov 2023)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.49x | 1.52x |
| Occupancy | 89% | 87% |
| Net operating income (annualized from 6 months) | $397K | $406K |
| Debt yield | 11.2% |
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 BMO 2024-5C3 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.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $3.6M | Current | No | 1.52x | 87% |
| August 2026 | $3.6M | Current | No | 1.52x | 87% |
| July 2026 | $3.6M | Current | No | 1.53x | 90% |
| June 2026 | $3.6M | Current | No | 1.53x | 90% |
| May 2026 | $3.6M | Current | No | 1.53x | 90% |
| April 2026 | $3.6M | Current | No | 1.44x | 100% |
| March 2026 | $3.6M | Current | No | 1.44x | 100% |
| February 2026 | $3.6M | Current | No | 1.49x | 86% |
| January 2026 | $3.6M | Current | No | 1.49x | 86% |
| December 2025 | $3.6M | Current | No | 1.49x | 86% |
| November 2025 | $3.6M | Current | No | 1.49x | 86% |
| October 2025 | $3.6M | Current | No | 1.43x | 84% |
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 2024-5C3 Mortgage Trust | 36 | $3,630,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other Baton Rouge loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 5 East Apartments | Baton Rouge, LA | Multifamily | $17.5M | 6.92% | Sep 2029 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Magnolia Gardens | Baton Rouge, LA | Multifamily | $17.2M | 5.59% | Mar 2029 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Edgewood Apartments, Baton Rouge | Baton Rouge, LA | Multifamily | $16.1M | 4.09% | Oct 2029 | 1.33x | 97% | Current |
| Bluebonnet Village | Baton Rouge, LA | Retail | $10.9M | 4.25% | Sep 2029 | 1.95x | 93% | Current |
| Meadowbrook Apartments | Baton Rouge, LA | Multifamily | $9.4M | 7.29% | Jan 2029 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Florline Commons | Baton Rouge, LA | Retail | $8.3M | 6.742% | Oct 2029 | 1.65x | 83% | Current |
| Albertsons Baton Rouge | Baton Rouge, LA | Retail | $6.7M | 4.75% | Jul 2029 | 1.82x | 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.