Multifamily · Davie, Florida
University Pointe
Public CMBS trusts hold $85.8M of the loan on University Pointe at 6.70% 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
- $85,850,000
- Original balance (same notes)
- $85,850,000
- Interest rate
- 6.70% fixed
- Originated
- May 16, 2024
- Maturity
- June 6, 2029
- Payments
- Interest only for the full term
- Prepayment premium ends
- December 5, 2028 (yield maintenance)
- Master servicer
- Wells Fargo Bank, NA
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 6350 Griffin Road, Davie, FL 33314
- Metro
- Miami-Fort Lauderdale-West Palm Beach, FL
- Units, rooms or beds
- 877
- Built
- 2019
- Value at securitization
- $157.4M (Apr 2024)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.75x | 1.79x |
| Occupancy | 98% | 90% |
| Net operating income (annualized from 3 months) | $10.2M | $10.4M |
| Debt yield | 12.2% |
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 BBCMS Mortgage Trust 2024-5C27 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.
What the filing shows
- Occupancy has fallen from 98% when the loan was securitized to 90%.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $85.8M | Current | No | 1.79x | 90% |
| August 2026 | $85.8M | Current | No | 1.79x | 90% |
| July 2026 | $85.8M | Current | No | 1.79x | 90% |
| June 2026 | $85.8M | Current | No | 1.79x | 90% |
| May 2026 | $85.8M | Current | No | 1.70x | 96% |
| April 2026 | $85.8M | Current | No | 1.70x | 96% |
| March 2026 | $85.8M | Current | No | 1.70x | 96% |
| February 2026 | $85.8M | Current | No | 1.62x | 96% |
| January 2026 | $85.8M | Current | No | 1.62x | 96% |
| December 2025 | $85.8M | Current | No | 1.62x | 96% |
| November 2025 | $85.8M | Current | No | 1.62x | 96% |
| October 2025 | $85.8M | Current | No | 1.76x | 96% |
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 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Benchmark 2024-V8 Mortgage Trust | 7 | $50,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
| BBCMS Mortgage Trust 2024-5C27 | 5 | $35,850,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Miami-Fort Lauderdale-West Palm Beach loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Royal Palm Place | Boca Raton, FL | Mixed use | $110.0M | 3.81% | Nov 2029 | 2.98x | 98% | Current |
| Northbridge Centre | West Palm Beach, FL | Office | $96.0M | 6.905% | Sep 2029 | 1.43x | 75% | Current |
| Royal Palm I & II | Plantation, FL | Office | $68.2M | 6.45% | Nov 2029 | 7.80x | 82% | Current |
| The Avenue | Davie, FL | Multifamily | $60.0M | 4.992% | Jan 2029 | 2.47x | 96% | Current |
| The Brazilian Court Hotel | Palm Beach, FL | Hotel | $54.5M | 7.50% | Dec 2029 | 1.57x | 52% | Current |
| One Town Center | Boca Raton, FL | Office | $51.0M | 7.338% | Jul 2029 | 1.19x | 94% | Current |
| West Palm Gardens | West Palm Beach, FL | Multifamily | $50.0M | 6.45% | Oct 2029 | n/a | n/a | Current |
| One Park Square | Doral, FL | Office | $47.6M | 6.15% | Oct 2029 | n/a | n/a | Current |
All loans maturing in 2029 · All Miami-Fort Lauderdale-West Palm Beach 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.