Hotel · Louisville, Kentucky
The Galt House
The Galt House is financed with a $80.6M CMBS loan at 6.75% that reaches maturity on October 11, 2029, in 2 years and 11 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $80,553,530
- Original balance (same notes)
- $83,000,000
- Interest rate
- 6.75% fixed
- Originated
- September 13, 2024
- Maturity
- October 11, 2029
- Payments
- Amortizing over 25 years
- Prepayment lockout ends
- April 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
- 140 & 103 North Fourth Street, 141 North Fourth Street, 120 North Third Street, and 130 North Third Street, Louisville, KY 40202
- Metro
- Louisville/Jefferson County, KY-IN
- Units, rooms or beds
- 1,310
- Built
- 1972, renovated 2023
- Value at securitization
- $279.6M (May 2024)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 3.46x | 3.08x |
| Occupancy | 54% | 56% |
| Net operating income | $23.8M | $21.2M |
| Debt yield | 26.3% |
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 BANK5 2024-5YR10 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage down 0.25x 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
- Net operating income is 11% below the underwritten figure ($21.2M a year against $23.8M).
- Debt service coverage moved from 3.46x at securitization to 3.08x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $80.6M | Current | No | 3.08x | 56% |
| August 2026 | $80.7M | Current | No | 3.08x | 56% |
| July 2026 | $80.8M | Current | No | 3.08x | 56% |
| June 2026 | $80.9M | Current | No | 3.17x | 55% |
| May 2026 | $81.0M | Current | No | 3.17x | 55% |
| April 2026 | $81.1M | Current | No | 3.14x | 51% |
| March 2026 | $81.2M | Current | No | 3.14x | 51% |
| February 2026 | $81.3M | Current | No | 3.14x | 51% |
| January 2026 | $81.4M | Current | No | 3.14x | 51% |
| December 2025 | $81.5M | Current | No | 3.14x | 51% |
| November 2025 | $81.7M | Current | No | 3.30x | 53% |
| October 2025 | $81.8M | Current | No | 3.30x | 53% |
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 2024-5YR10 | 2 | $80,553,530 | Sep 2026 | SEC filing, September 29, 2026 |
Other Louisville/Jefferson County loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Westport Distribution Center | Louisville, KY | Industrial | $52.3M | 3.353% | Nov 2029 | n/a | n/a | Current |
| Patriot Crossing | Louisville, KY | Multifamily | $29.8M | 6.75% | Sep 2029 | 1.38x | 95% | Current |
| Global Payments, Inc. | Jeffersonville, IN | Office | $29.2M | 3.85% | Nov 2029 | 2.35x | 100% | Current |
| Meidinger Tower | Louisville, KY | Office | $27.6M | 4.52% | Jul 2029 | -0.87x | 20% | With the special servicer and 90+ days delinquent |
| Veterans Crossing East | Clarsville, IN | Retail | $10.9M | 3.881% | Nov 2029 | n/a | n/a | Current |
| Decimal Point | Louisville, KY | Industrial | $5.7M | 3.61% | Nov 2029 | 3.10x | 100% | Current |
| Woodspring Louisville | Louisville, KY | Hotel | $4.9M | 4.45% | Oct 2029 | 2.04x | 72% | Current |
All loans maturing in 2029 · All Louisville/Jefferson County 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.