Multifamily · Minneapolis, Minnesota
The Archive Apartments
The Archive Apartments is financed with a $47.9M CMBS loan at 6.92% that reaches maturity on June 6, 2029, in 2 years and 7 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $47,850,000
- Original balance (same notes)
- $47,850,000
- Interest rate
- 6.92% fixed
- Originated
- May 17, 2024
- Maturity
- June 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- April 5, 2029
- Master servicer
- Trimont LLC
- Originator
- Argentic Real Estate Finance 2 LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 110 North 1st Street, Minneapolis, MN 55401
- Metro
- Minneapolis-St. Paul-Bloomington, MN-WI
- Units, rooms or beds
- 200
- Built
- 2021
- Value at securitization
- $71.0M (Mar 2024)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.25x | 1.32x |
| Occupancy | 97% | 93% |
| Net operating income (annualized from 6 months) | $4.2M | $4.5M |
| Debt yield | 9.3% |
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 Wells Fargo Commercial Mortgage Trust 2024-5C1 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.
What the filing shows
- Occupancy has fallen from 97% when the loan was securitized to 93%.
- Net operating income is 7% above the underwritten figure ($4.5M a year against $4.2M; the latest statement covers 6 months, annualized).
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $47.9M | Current | No | 1.32x | 93% |
| August 2026 | $47.9M | Current | No | 1.32x | 93% |
| July 2026 | $47.9M | Current | No | 1.36x | 99% |
| June 2026 | $47.9M | Current | No | 1.36x | 99% |
| May 2026 | $47.9M | Current | No | 1.36x | 99% |
| April 2026 | $47.9M | Current | No | 1.24x | 100% |
| March 2026 | $47.9M | Current | No | 1.24x | 100% |
| February 2026 | $47.9M | Current | No | 1.24x | 100% |
| January 2026 | $47.9M | Current | No | 1.20x | 94% |
| December 2025 | $47.9M | Current | No | 1.20x | 94% |
| November 2025 | $47.9M | Current | No | 1.20x | 94% |
| October 2025 | $47.9M | Current | No | 1.22x | 89% |
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 |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2024-5C1 | 5 | $47,850,000 | Sep 2026 | SEC filing, October 1, 2026 |
Other Minneapolis-St. Paul-Bloomington loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Wells Fargo Place | St. Paul, MN | Office | $60.0M | 3.40% | Nov 2029 | 2.23x | 85% | Current |
| Hy-Vee - Oakdale (10th Street), MN | Oakdale, MN | Retail | $55.0M | 4.582% | Apr 2029 | n/a | n/a | Current |
| Plymouth Corporate Center | Plymouth, MN | Office | $45.7M | 4.99% | Jan 2029 | 1.67x | 91% | With the special servicer and 90+ days delinquent |
| Grand Oaks Business Park | Eagan, MN | Office | $45.7M | 4.85% | Feb 2029 | 1.02x | 64% | Current |
| Hy-Vee - Savage, MN | Savage, MN | Retail | $40.0M | 3.494% | Dec 2029 | n/a | n/a | Current |
| ATRIA Corporate Center | Plymouth, MN | Office | $37.7M | 4.895% | Apr 2029 | 1.29x | 72% | Current |
| Seagate Shakopee | Shakopee, MN | Industrial | $23.4M | 7.56% | Jan 2029 | 1.49x | 100% | Current |
| Shingle Creek Crossing | Brooklyn Center, MN | Retail | $22.1M | 5.522% | Feb 2029 | 1.35x | 85% | Current |
All loans maturing in 2029 · All Minneapolis-St. Paul-Bloomington loans
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.