Retail portfolio, 2 properties · Metairie, Louisiana
Victory Louisiana Real Estate Portfolio
This portfolio is financed with a $34.0M CMBS loan at 7.195% that reaches maturity on March 1, 2029, in 2 years and 4 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $34,000,000
- Original balance (same notes)
- $34,000,000
- Interest rate
- 7.195% fixed
- Originated
- February 16, 2024
- Maturity
- March 1, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ended
- February 28, 2026
- Prepayment premium ends
- November 30, 2028 (yield maintenance)
- Master servicer
- Wells Fargo Bank, NA
- Originator
- Morgan Stanley Bank, N.A.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Metro
- New Orleans-Metairie, LA
- Value at securitization
- $63.8M (Dec 2023)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 1.71x | 1.76x |
| Occupancy | 100% | 100% |
| Net operating income | $4.3M | $4.4M |
| Debt yield | 12.8% |
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 BANK5 Trust 2024-5YR6 filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 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 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $34.0M | Current | No | 1.76x | 100% |
| August 2026 | $34.0M | Current | No | 1.76x | 100% |
| July 2026 | $34.0M | Current | No | 1.76x | 100% |
| June 2026 | $34.0M | Current | No | 1.76x | 100% |
| May 2026 | $34.0M | Current | No | 1.76x | 100% |
| April 2026 | $34.0M | Current | No | 1.76x | 100% |
| March 2026 | $34.0M | Current | No | 1.76x | 100% |
| February 2026 | $34.0M | Current | No | 1.76x | 100% |
| January 2026 | $34.0M | Current | No | 1.68x | 100% |
| December 2025 | $34.0M | Current | No | 1.68x | 100% |
| November 2025 | $34.0M | Current | No | 1.68x | 100% |
| October 2025 | $34.0M | Current | No | 1.65x | 100% |
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 | 12 | $34,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other New Orleans-Metairie loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Intercontinental New Orleans | New Orleans, LA | Hotel | $185.0M | 4.958% | May 2029 | n/a | n/a | Current |
| Elmwood Shopping Center | Elmwood, LA | Retail | $85.0M | 6.60% | Jan 2029 | 2.50x | 96% | Current |
| Doubletree New Orleans | New Orleans, LA | Hotel | $74.0M | 3.833% | Dec 2029 | 0.99x | 65% | Current |
| Pan American Life Center | New Orleans, LA | Office | $43.2M | 3.97% | Jun 2029 | 1.70x | 80% | Current |
| Emerald Pointe Apartments, Harvey | Harvey, LA | Multifamily | $25.0M | 3.80% | Aug 2029 | 3.07x | 94% | Current |
| Marriott Metairie At Lakeway | Metairie, LA | Hotel | $14.9M | 4.55% | Jun 2029 | 3.04x | 70% | Current |
| Hotel St. Marie - New Orleans | New Orleans, LA | Hotel | $12.2M | 4.10% | Jul 2029 | 2.42x | 75% | Current |
| DH Holmes | New Orleans, LA | Multifamily | $9.5M | 7.952% | Aug 2029 | n/a | n/a | 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.