Benchmark 2024-V11 Mortgage Trust

Tranches, pool and monthly delinquency indicator for Benchmark 2024-V11 Mortgage Trust.

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

Current pool balance: $1.04B (September 2026)
Original pool balance: $1.04B
Loans at issuance: 26
Closing date: 2024-11-20
Weighted average coupon at issuance: 6.39%
Weighted average LTV at issuance: 44.9%
30+ delinquent (latest): 1.77%
Realized stress score: 43.5
Net rating change since issuance: +0.00 notches

Tranches

Class	Original balance	Credit support (computed)	Coupon	CUSIP	Fitch	KBRA	S&P	Moody's	DBRS
A-2	$240.0M	77.00%	5.423% fixed	081921AY4	AAA	AAA	not yet reported	Aaa	not yet reported
A-3	$490.6M	30.00%	5.909% floating (WAC)	081921AZ1	AAA	AAA	not yet reported	Aaa	not yet reported
A-M	$120.0M	18.50%	6.201% floating (WAC)	081921BC1	AAA	AAA	not yet reported	A1	not yet reported
B	$50.9M	13.63%	6.373% floating (WAC)	081921BD9	AA-	AA-	not yet reported	not yet reported	not yet reported
C	$36.5M	10.13%	6.295% floating (WAC)	081921BE7	A-	A-	not yet reported	not yet reported	not yet reported
D	$12.6M	8.92%	4.500% fixed	081921AC2	BBB	BBB+	not yet reported	not yet reported	not yet reported
E-RR	$20.0M	7.00%	5.250% fixed	081921AN8	BBB-	BBB-	not yet reported	not yet reported	not yet reported
F-RR	$20.9M	5.00%	5.250% fixed	081921AQ1	BB-	BB	not yet reported	not yet reported	not yet reported
G-RR	$13.0M	3.75%	5.250% fixed	081921AS7	B-	B	not yet reported	not yet reported	not yet reported
J-RR	$39.1M	0.00%	5.250% fixed	081921AU2	not yet reported	not yet reported	not yet reported	not yet reported	not yet reported
R	not yet reported	not yet reported	not yet reported	081921AW8	not yet reported	not yet reported	not yet reported	not yet reported	not yet reported
X-A	$850.6M	Interest only	0.560% floating	081921BA5	AAA	AAA	not yet reported	not yet reported	not yet reported
X-B	$87.4M	Interest only	0.032% floating	081921BB3	A-	AAA	not yet reported	not yet reported	not yet reported
X-D	$12.6M	Interest only	1.873% floating	081921AA6	BBB	BBB+	not yet reported	not yet reported	not yet reported
X-ERR	$20.0M	Interest only	1.123% floating	081921AE8	BBB-	BBB-	not yet reported	not yet reported	not yet reported
X-FRR	$20.9M	Interest only	1.123% floating	081921AG3	BB-	BB	not yet reported	not yet reported	not yet reported
X-GRR	$13.0M	Interest only	1.123% floating	081921AJ7	B-	B	not yet reported	not yet reported	not yet reported
X-JRR	$39.1M	Interest only	1.123% floating	081921AL2	not yet reported	not yet reported	not yet reported	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	26
Original loan balance	$1.04B
Weighted average coupon	6.39%
Weighted average LTV	44.9%
Median loan LTV	56.3%
Full-term interest only (share of balance)	100.0%
Balloon loans (share of balance)	100.0%
Largest loan (share of balance)	8.9%
Five largest loans (share of balance)	38.4%
Occupancy at issuance (weighted average)	86.6%

Realized outcomes

Months reported	23
Peak 30+ delinquency	1.77% (September 2026)
Ever severe (share of original balance)	1.77%
Ever modified (share of original balance)	0.00%
Past scheduled maturity (share of original balance)	0.00%
Non-performing matured (share of original balance)	39.53%
Maximum servicer advances (share of balance)	0.12%
Median DSCR, first year	1.55
Median DSCR, latest	1.60
Realized stress score	43.5

Property types

Property type	Original balance	Share of pool
Office	$283.9M	27.2%
Multifamily	$187.9M	18.0%
Lodging	$187.0M	17.9%
Mixed use	$160.4M	15.4%
Retail	$111.0M	10.6%
Self storage	$80.0M	7.7%
Manufactured housing	$24.0M	2.3%
Other (code 98)	$9.4M	0.9%

Property type is reported for 100.0% of the pool balance; shares are of the full pool.

Largest loans

Property	Location	Original balance	Share of pool	Coupon	Originated
The Estate Yountville 2.0	Yountville, CA	$93.0M	8.9%	5.88%	2024
Atlantic Terminal	Brooklyn, NY	$93.0M	8.9%	6.77%	2024
The Metropolitan Apartments	Edgewater, NJ	$75.0M	7.2%	6.36%	2024
Colony Square	Atlanta, GA	$70.0M	6.7%	7.38%	2024
Midlink Business Park	Kalamazoo, MI	$70.0M	6.7%	6.11%	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	18 of 18
Classes with a current rating in the dataset	15 of 18
Net rating change since issuance	+0.00 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.