Multifamily · Spartanburg, South Carolina
The Abner Apartments
The Abner Apartments is financed with a $26.5M CMBS loan at 6.35% that reaches maturity on October 6, 2029, in 2 years and 11 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is late, less than 30 days.
The loan
- Balance in tracked trusts
- $26,500,000
- Original balance (same notes)
- $26,500,000
- Interest rate
- 6.35% fixed
- Originated
- October 1, 2024
- Maturity
- October 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- April 5, 2029
- Master servicer
- Midland Loan Services
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Late payment but less than 30 days delinquent (code B)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 408 Abner Road, Spartanburg, SC 29301
- Units, rooms or beds
- 312
- Built
- 1978
- Value at securitization
- $40.4M (Sep 2024)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.60x | n/a |
| Occupancy | 91% | n/a |
| Net operating income | $2.7M | n/a |
Watch flags
Computed from the Benchmark 2024-V11 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 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 | $26.5M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| August 2026 | $26.5M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| July 2026 | $26.5M | Current | No | n/a | n/a |
| June 2026 | $26.5M | Current | No | n/a | n/a |
| May 2026 | $26.5M | Current | No | n/a | n/a |
| April 2026 | $26.5M | Current | No | 1.61x | 87% |
| March 2026 | $26.5M | Current | No | 1.42x | 87% |
| February 2026 | $26.5M | Current | No | 1.42x | 87% |
| January 2026 | $26.5M | Current | No | 1.42x | 87% |
| December 2025 | $26.5M | Current | No | 1.41x | 87% |
| November 2025 | $26.5M | Current | No | 1.41x | 93% |
| October 2025 | $26.5M | 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
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Benchmark 2024-V11 Mortgage Trust | 17 | $26,500,000 | Sep 2026 | SEC filing, October 1, 2026 |
Other South Carolina loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 140-150 Access Road | Spartanburg, SC | Industrial | $5.5M | 7.60% | Sep 2029 | 1.36x | 100% | Late, less than 30 days |
| Anchor MHC and Tropical Circle MHC Portfolio | SC | Manufactured housing | $4.8M | 6.392% | Jun 2029 | 1.64x | 100% | Current |
| Walgreens Spartanburg | Spartanburg, SC | Retail | $3.3M | 4.537% | Aug 2029 | 1.89x | 100% | Current |
| Best Western Plus Spartanburg | Boiling Springs, SC | Hotel | $3.1M | 5.40% | Apr 2029 | 2.02x | 67% | 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.