Multifamily · Louisville, Kentucky
The Star on Southside
The Star on Southside is financed with a $11.0M CMBS loan at 6.725% that reaches maturity on December 6, 2030, in 4 years and 1 month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $11,000,000
- Original balance (same notes)
- $11,000,000
- Interest rate
- 6.725% fixed
- Originated
- November 20, 2025
- Maturity
- December 6, 2030
- Payments
- Interest only for the full term
- Prepayment lockout ends
- June 5, 2030
- Master servicer
- Midland
- Originator
- Argentic Real Estate Finance 2 LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 7320, 7324 and 7326 Southside Drive, Louisville, KY 40214
- Metro
- Louisville/Jefferson County, KY-IN
- Units, rooms or beds
- 150
- Built
- 1966, renovated 2025
- Value at securitization
- $16.4M (Oct 2025)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.48x | n/a |
| Occupancy | 94% | n/a |
| Net operating income | $1.1M | n/a |
Watch flags
Computed from the BBCMS Mortgage Trust 2026-5C40 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 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 8 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $11.0M | Current | No | n/a | n/a |
| August 2026 | $11.0M | Current | No | n/a | n/a |
| July 2026 | $11.0M | Current | No | n/a | n/a |
| June 2026 | $11.0M | Current | No | n/a | n/a |
| May 2026 | $11.0M | Current | No | n/a | n/a |
| April 2026 | $11.0M | Current | No | n/a | n/a |
| March 2026 | $11.0M | Current | No | n/a | n/a |
| February 2026 | $11.0M | 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 |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2026-5C40 | 28 | $11,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Louisville/Jefferson County loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Town Center Jeffersonville | Jeffersonville, IN | Retail | $17.2M | 3.30% | Dec 2030 | 2.06x | 100% | Current |
| Hidden Creek Apartments, Jeffersonville | Jeffersonville, IN | Multifamily | $12.9M | 5.855% | Dec 2030 | 1.15x | 92% | Current |
| Clarksville Lofts | Clarksville, IN | Multifamily | $4.0M | 6.786% | May 2030 | 1.23x | 93% | Current |
All loans maturing in 2030 · 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.