Retail · Victorville, California
The Mall of Victor Valley
Public CMBS trusts hold $85.0M of the loan on The Mall of Victor Valley at 6.723% that reaches maturity on September 6, 2034, in 7 years and 10 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $85,000,000
- Original balance (same notes)
- $85,000,000
- Interest rate
- 6.723% fixed
- Originated
- August 22, 2024
- Maturity
- September 6, 2034
- Payments
- Interest only for the full term
- Master servicer
- KeyBank Real Estate Capital
- Originator
- BMO
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 14400 Bear Valley Road, Victorville, CA 92392
- Metro
- Riverside-San Bernardino-Ontario, CA
- Rentable area
- 479,261 sq ft
- Built
- 1986, renovated 2023
- Largest tenants
- JCPenney; Cinemark; Dick's Sporting Goods
- Value at securitization
- $143.1M (Jun 2024)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | n/a | 2.01x |
| Occupancy | 99% | 83% |
| Net operating income (annualized from 6 months) | n/a | $11.7M |
| Debt yield | 13.8% |
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-C10 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- Occupancy down 10 points 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
- Occupancy has fallen from 99% when the loan was securitized to 83%.
- The filing gives Mar 2033 as the lease end date for the largest tenant (JCPenney), before the loan matures. Lenders look hard at that rollover.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $85.0M | Current | No | 2.01x | 83% |
| August 2026 | $85.0M | Current | No | 1.98x | 82% |
| July 2026 | $85.0M | Current | No | 1.98x | 82% |
| June 2026 | $85.0M | Current | No | 1.98x | 82% |
| May 2026 | $85.0M | Current | No | 1.98x | 82% |
| April 2026 | $85.0M | Current | No | 1.94x | 85% |
| March 2026 | $85.0M | Current | No | 1.94x | 85% |
| February 2026 | $85.0M | Current | No | 1.94x | 82% |
| January 2026 | $85.0M | Current | No | 1.94x | 82% |
| December 2025 | $85.0M | Current | No | 1.94x | 82% |
| November 2025 | $85.0M | Current | No | 1.94x | 82% |
| October 2025 | $85.0M | Current | No | 1.94x | 82% |
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
The loan is split into 4 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BMO 2024-C10 Mortgage Trust | 2-A-1-1 | $30,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
| BBCMS Mortgage Trust 2024-C30 | 11 | $25,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| BMO 2024-C10 Mortgage Trust | 2-A-2-1 | $15,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
| BMO 2024-C10 Mortgage Trust | 2-A-2-2 | $15,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
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.