Multifamily · Burlington, Iowa
Urbane 424
Urbane 424 is financed with a $7.6M CMBS loan at 6.48% that reaches maturity on December 11, 2030, in 4 years and 1 month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is delinquent: 30-59 days delinquent.
The loan
- Balance in tracked trusts
- $7,600,000
- Original balance (same notes)
- $7,600,000
- Interest rate
- 6.48% fixed
- Originated
- November 13, 2025
- Maturity
- December 11, 2030
- Payments
- Interest only for the full term
- Prepayment lockout ends
- September 10, 2030
- Master servicer
- Midland
- Originator
- WFB
Status
- Payment status
- 30-59 days delinquent (code 1)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 424 North 3rd Street, Burlington, IA 52601
- Units, rooms or beds
- 52
- Built
- 2023
- Value at securitization
- $11.5M (Aug 2025)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.32x | n/a |
| Occupancy | 96% | n/a |
| Net operating income | $661K | n/a |
Watch flags
Computed from the Wells Fargo Commercial Mortgage Trust 2025-5C7 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- 30+ days delinquent or matured unpaid
On the cmbs.news watch list in every report since August 2026.
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 10 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $7.6M | 30-59 days delinquent | No | n/a | n/a |
| August 2026 | $7.6M | 30-59 days delinquent | No | n/a | n/a |
| July 2026 | $7.6M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| June 2026 | $7.6M | Payment not received but still in grace period or not yet due | No | n/a | n/a |
| May 2026 | $7.6M | Payment not received but still in grace period or not yet due | No | n/a | n/a |
| April 2026 | $7.6M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| March 2026 | $7.6M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| February 2026 | $7.6M | 30-59 days delinquent | No | n/a | n/a |
| January 2026 | $7.6M | Current | No | n/a | n/a |
| December 2025 | $7.6M | Current | No | 1.04x | 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
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2025-5C7 | 24 | $7,600,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Iowa loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Newton Individual Property | Newton, IA | Industrial | $57.5M | 3.717% | Dec 2030 | n/a | n/a | Current |
| Hampton Inn Altoona Des Moines | Altoona, IA | Hotel | $8.1M | 3.82% | Apr 2030 | 1.78x | 50% | Current |
| Carbon 550 | Des Moines, IA | Multifamily | $6.6M | 3.50% | Mar 2030 | 2.84x | 98% | Current |
| 228 Spaces | Cedar Falls, IA | Multifamily | $4.0M | 3.75% | Oct 2030 | n/a | n/a | Current |
| Dollar General- Sioux City | Sioux City, IA | Retail | $888K | 4.91% | Aug 2030 | 2.00x | 100% | Current |
| Dollar General- Waterloo | Waterloo, IA | Retail | $833K | 4.82% | Aug 2030 | 2.04x | 100% | 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.