Multifamily · Turlock, California
The Vista
The Vista is financed with a $38.5M CMBS loan at 6.579% that reaches maturity on April 11, 2029, in 2 years and 5 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $38,500,000
- Original balance (same notes)
- $38,500,000
- Interest rate
- 6.579% fixed
- Originated
- April 1, 2024
- Maturity
- April 11, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ended
- May 10, 2026
- Prepayment premium ends
- January 10, 2029 (yield maintenance)
- Master servicer
- Wells Fargo Bank, NA
- Originator
- Wells Fargo Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 900 West Monte Vista Avenue, Turlock, CA 95382
- Metro
- Modesto, CA
- Units, rooms or beds
- 670
- Built
- 2017
- Value at securitization
- $59.5M (Jan 2024)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.42x | 1.45x |
| Occupancy | 88% | 66% |
| Net operating income (annualized from 6 months) | $3.6M | $3.7M |
| Debt yield | 9.7% |
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 Trust 2024-5YR6 filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 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 88% when the loan was securitized to 66%.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $38.5M | Current | No | 1.45x | 66% |
| August 2026 | $38.5M | Current | No | 1.45x | 66% |
| July 2026 | $38.5M | Current | No | 1.56x | 73% |
| June 2026 | $38.5M | Current | No | 1.56x | 73% |
| May 2026 | $38.5M | Current | No | 1.14x | 71% |
| April 2026 | $38.5M | Current | No | 1.14x | 71% |
| March 2026 | $38.5M | Current | No | 1.14x | 71% |
| February 2026 | $38.5M | Current | No | 1.28x | 73% |
| January 2026 | $38.5M | Current | No | 1.28x | 73% |
| December 2025 | $38.5M | Current | No | 1.28x | 73% |
| November 2025 | $38.5M | Current | No | 1.28x | 73% |
| October 2025 | $38.5M | Current | No | 1.44x | 86% |
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 Trust 2024-5YR6 | 8 | $38,500,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other Modesto loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Doubletree Modesto | Modesto, CA | Hotel | $30.0M | 4.39% | Jun 2029 | 2.50x | 69% | Current |
| Mchenry Village Shopping Center | Modesto, CA | Retail | $21.0M | 3.80% | Nov 2029 | 3.39x | 87% | Current |
| Shadow Glen Apartments | Modesto, CA | Multifamily | $5.6M | 5.55% | Jan 2029 | 1.22x | 90% | 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.