BBCMS Mortgage Trust 2024-C28

Tranches, pool and monthly delinquency indicator for BBCMS Mortgage Trust 2024-C28.

Data as of loan data through September 2026; ratings as held in the dataset at build

Current pool balance: $801.7M (September 2026)
Original pool balance: $804.9M
Loans at issuance: 54
Closing date: 2024-08-29
Weighted average coupon at issuance: 6.46%
Weighted average LTV at issuance: 37.1%
30+ delinquent (latest): 0.00%
Realized stress score: 7.1
Net rating change since issuance: -0.04 notches

Tranches

Class	Original balance	Credit support (computed)	Coupon	CUSIP	Fitch	KBRA	S&P	Moody's	DBRS
A-1	$8.4M	98.95%	4.910% fixed	07336WAW9	AAA	AAA	AAA (sf)	not yet reported	not yet reported
A-3	$52.5M	92.43%	5.888% fixed	07336WAX7	AAA	AAA	AAA (sf)	not yet reported	not yet reported
A-3-BP	$80.0M	82.49%	5.728% fixed	07336WAY5	AAA	AAA	AAA (sf)	not yet reported	not yet reported
A-4	$145.0M	64.48%	5.122% fixed	07336WAZ2	AAA	AAA	AAA (sf)	not yet reported	not yet reported
A-5	$266.5M	31.37%	5.403% fixed	07336WBA6	AAA	AAA	AAA (sf)	not yet reported	not yet reported
A-S	$96.6M	19.37%	5.844% floating (WAC)	07336WBD0	AAA	AAA	AA (sf)	not yet reported	not yet reported
A-SB	$11.0M	18.00%	5.375% fixed	07336WBB4	AAA	AAA	AAA (sf)	not yet reported	not yet reported
B	$36.2M	13.50%	5.894% floating (WAC)	07336WBE8	AA-	AA	NR	not yet reported	not yet reported
C	$22.1M	10.76%	6.287% floating (WAC)	07336WBF5	A-	A+	NR	not yet reported	not yet reported
D	$8.0M	9.76%	4.000% fixed	07336WAE9	BBB+	A	NR	not yet reported	not yet reported
E-RR	$11.1M	8.38%	6.743% floating (WAC)	07336WAG4	BBB	A-	NRprelim	not yet reported	not yet reported
F-RR	$9.1M	7.25%	6.743% floating (WAC)	07336WAJ8	BBB-	BBB+	NRprelim	not yet reported	not yet reported
G-RR	$17.1M	5.13%	6.743% floating (WAC)	07336WAL3	BB-	BB+	NRprelim	not yet reported	not yet reported
H-RR	$12.1M	3.63%	6.743% floating (WAC)	07336WAN9	B-	B+	NR	not yet reported	not yet reported
J-RR	$29.2M	0.00%	6.743% floating (WAC)	07336WAQ2	not yet reported	not yet reported	NR	not yet reported	not yet reported
R	not yet reported	not yet reported	not yet reported	07336WAU3	not yet reported	not yet reported	not yet reported	not yet reported	not yet reported
S	not yet reported	not yet reported	not yet reported	07336WAS8	not yet reported	not yet reported	not yet reported	not yet reported	not yet reported
X-A	$563.4M	Interest only	1.329% floating	07336WBC2	AAA	AAA	AAA (sf)	not yet reported	not yet reported
X-B	$154.9M	Interest only	0.824% floating	07336WAA7	A-	AAA	NR	not yet reported	not yet reported
X-D	$8.0M	Interest only	2.743% floating	07336WAC3	BBB+	AAA	NRprelim	not yet reported	not yet reported

Credit support is computed from the class stack order in the prospectus: the share of the deal's principal balance in classes junior to the class. Interest-only classes carry a notional balance and no principal support figure. Ratings are the latest held in the dataset for each class and agency; NR means the agency shows the class as not rated, WR that the rating was withdrawn, PIF that the class has been paid in full. Any other status value is shown exactly as the agency reports it. A + after a CUSIP marks a class with companion CUSIPs in the dataset.

Pool at issuance

Loans	54
Original loan balance	$915.2M
Weighted average coupon	6.46%
Weighted average LTV	37.1%
Median loan LTV	56.3%
Full-term interest only (share of balance)	82.9%
Balloon loans (share of balance)	100.0%
Largest loan (share of balance)	8.7%
Five largest loans (share of balance)	39.4%
Occupancy at issuance (weighted average)	89.6%

Realized outcomes

Months reported	26
Peak 30+ delinquency	0.00% (February 2026)
Ever severe (share of original balance)	0.00%
Ever modified (share of original balance)	0.00%
Past scheduled maturity (share of original balance)	0.00%
Non-performing matured (share of original balance)	40.77%
Maximum servicer advances (share of balance)	0.01%
Median DSCR, first year	1.44
Median DSCR, latest	1.47
Realized stress score	7.1

Property types

Property type	Original balance	Share of pool
Retail	$182.6M	19.9%
Lodging	$178.3M	19.5%
Mixed use	$130.0M	14.2%
Industrial	$121.0M	13.2%
Multifamily	$92.0M	10.1%
Office	$52.5M	5.7%
Manufactured housing	$18.5M	2.0%
Self storage	$17.0M	1.9%

Property type is reported for 86.5% of the pool balance; shares are of the full pool.

Largest loans

Property	Location	Original balance	Share of pool	Coupon	Originated
900 NORTH MICHIGAN	Chicago, IL	$80.0M	8.7%	6.85%	2024
BRIDGE POINT RANCHO CUCAMONGA	Rancho Cucamonga, CA	$80.0M	8.7%	5.83%	2024
ST. JOHNS TOWN CENTER	Jacksonville, FL	$78.0M	8.5%	5.95%	2024
ARIZONA GRAND RESORT AND SPA	Phoenix, AZ	$70.0M	7.6%	5.55%	2024
MORRISON YARD	Charleston, SC	$52.5M	5.7%	7.28%	2024

Delinquency and stress indicator

▬ 30+ days delinquent · ▬ Distressed (90+, foreclosure, REO, non-performing matured)

Monthly shares of the deal's reported balance, from the deal indicator series in the dataset. Months in which fewer than half of the reported loans carry a delinquency status code are not plotted.

Ratings

Classes with a CUSIP	20 of 20
Classes with a current rating in the dataset	18 of 20
Net rating change since issuance	-0.04 notches (balance-weighted)
Delinquency threshold crossed	Not crossed in the dataset
First downgrade	None recorded

Sources: SEC Form ABS-EE asset-level reports, Form 10-D distribution reports and the deal prospectus; rating histories published under SEC Rule 17g-7(b) and agency releases. Definitions are in the methods note on the market page.