Multifamily · West Palm Beach, Florida
West Palm Gardens
West Palm Gardens is financed with a $50.0M CMBS loan at 6.45% that reaches maturity on October 6, 2029, in 2 years and 11 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $50,000,000
- Original balance (same notes)
- $50,000,000
- Interest rate
- 6.45% fixed
- Originated
- September 20, 2024
- Maturity
- October 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- April 5, 2029
- Master servicer
- Midland Loan Services
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 2184 Ambergate Lane, West Palm Beach, FL 33415
- Metro
- Miami-Fort Lauderdale-West Palm Beach, FL
- Units, rooms or beds
- 437
- Built
- 1982, renovated 2023
- Value at securitization
- $84.2M (Jul 2024)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.62x | n/a |
| Occupancy | 94% | n/a |
| Net operating income | $5.3M | n/a |
Watch flags
Computed from the BMO 2024-5C7 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 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 | $50.0M | Current | No | n/a | n/a |
| August 2026 | $50.0M | Current | No | n/a | n/a |
| July 2026 | $50.0M | Current | No | n/a | n/a |
| June 2026 | $50.0M | Current | No | n/a | n/a |
| May 2026 | $50.0M | Current | No | n/a | n/a |
| April 2026 | $50.0M | Current | No | 1.66x | 92% |
| March 2026 | $50.0M | Current | No | 1.66x | 92% |
| February 2026 | $50.0M | Current | No | 1.63x | 93% |
| January 2026 | $50.0M | Current | No | 1.63x | 93% |
| December 2025 | $50.0M | Current | No | 1.62x | 93% |
| November 2025 | $50.0M | Current | No | 1.62x | 94% |
| October 2025 | $50.0M | Current | No | 1.62x | 94% |
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 |
|---|---|---|---|---|
| BMO 2024-5C7 Mortgage Trust | 8 | $50,000,000 | Sep 2026 | SEC filing, October 2, 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 |
| University Pointe | Davie, FL | Multifamily | $85.8M | 6.70% | Jun 2029 | 1.79x | 90% | 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 |
| 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.