Benchmark 2024-V5 Mortgage Trust

Tranches, pool and monthly delinquency indicator for Benchmark 2024-V5 Mortgage Trust.

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

Current pool balance: $884.6M (September 2026)
Original pool balance: $884.8M
Loans at issuance: 36
Closing date: 2024-01-31
Weighted average coupon at issuance: 6.99%
Weighted average LTV at issuance: 45.5%
30+ delinquent (latest): 5.61%
Realized stress score: 52.8
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-1	$365,000	99.96%	5.324% fixed	08163XAW3	AAA	AAA	AAA (sf)	not yet reported	not yet reported
A-3	$600.9M	30.00%	5.805% fixed	08163XAY9	AAA	AAA	AAA (sf)	not yet reported	not yet reported
A-M	$120.2M	16.00%	6.417% floating (WAC)	08163XBA0	AAA	AAA	NR	not yet reported	not yet reported
B	$37.6M	11.63%	6.059% floating (WAC)	08163XBB8	AA-	AA-	NR	not yet reported	not yet reported
C	$26.8M	8.50%	6.973% floating (WAC)	08163XBC6	A-	A-	NRprelim	not yet reported	not yet reported
D	$12.9M	7.00%	4.000% fixed	08163XAG8	BBB	BBB	NRprelim	not yet reported	not yet reported
E	$8.6M	6.00%	4.000% fixed	08163XAJ2	BBB-	BBB-	NRprelim	not yet reported	not yet reported
F	$15.0M	4.25%	4.000% fixed	08163XAL7	BB-	BB-	NRprelim	not yet reported	not yet reported
G-RR	$8.6M	3.25%	6.973% floating (WAC)	08163XAN3	B-	B	NR	not yet reported	not yet reported
J-RR	$27.9M	0.00%	6.973% floating (WAC)	08163XAQ6	not yet reported	not yet reported	NRprelim	not yet reported	not yet reported
R	not yet reported	not yet reported	not yet reported	08163XAS2	not yet reported	not yet reported	not yet reported	not yet reported	not yet reported
X-A	$721.5M	Interest only	1.065% floating	08163XAZ6	AAA	AAA	NRprelim	not yet reported	not yet reported
X-B	$37.6M	Interest only	0.913% floating	08163XAA1	AA-	AAA	NRprelim	not yet reported	not yet reported
X-D	$21.5M	Interest only	2.973% floating	08163XAC7	BBB-	BBB-	NRprelim	not yet reported	not yet reported
X-F	$15.0M	Interest only	2.973% floating	08163XAE3	BB-	BB-	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	36
Original loan balance	$884.8M
Weighted average coupon	6.99%
Weighted average LTV	45.5%
Median loan LTV	58.3%
Full-term interest only (share of balance)	99.0%
Balloon loans (share of balance)	100.0%
Largest loan (share of balance)	8.5%
Five largest loans (share of balance)	37.2%
Occupancy at issuance (weighted average)	91.0%

Realized outcomes

Months reported	33
Peak 30+ delinquency	8.43% (January 2026)
Ever severe (share of original balance)	4.42%
Ever modified (share of original balance)	0.00%
Past scheduled maturity (share of original balance)	0.00%
Non-performing matured (share of original balance)	74.11%
Maximum servicer advances (share of balance)	0.31%
Median DSCR, first year	1.37
Median DSCR, latest	1.47
Realized stress score	52.8

Property types

Property type	Original balance	Share of pool
Multifamily	$252.1M	28.5%
Retail	$200.4M	22.6%
Lodging	$127.5M	14.4%
Multiple property types	$67.7M	7.7%
SE	$55.5M	6.3%
Warehouse	$50.0M	5.7%
Mixed use	$44.3M	5.0%
Self storage	$39.6M	4.5%
Industrial	$29.6M	3.3%
Manufactured housing	$18.1M	2.0%

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
["Garfield Commons", "Farmbrooke Manor", "Warren Woods", "Highland Towers", "Golf Manor"]	["Clinton Township", "Clinton Township", "Warren", "Southfield", "Roseville"], ["MI", "MI", "MI", "MI", "MI"]	$75.0M	8.5%	7.32%	2023
Tysons Corner Center	Tysons Corner, VA	$74.0M	8.4%	6.60%	2023
["Acquisition America Portfolio", "517 West 113th Street", "652-664 West 163rd Street", "21 Fifth Avenue", "603 West 140th Street"]	["New York", "New York", "New York", "Pelham", "New York"], ["NY", "NY", "NY", "NY", "NY"]	$60.0M	6.8%	6.91%	2024
["1111 Izaak Walton Road", "2000 Bolton Street", "6420 Glenn Highway Road", "1 International Drive", "645 East Broad Street", "4825 Hoffman Street"]	["Seward", "Paragould", "Cambridge", "Monroe", "Smithville", "Elkhart"], ["NE", "AR", "OH", "MI", "TN", "IN"]	$60.0M	6.8%	7.58%	2023
DoubleTree Orlando at Sea World	Orlando, FL	$60.0M	6.8%	7.75%	2023

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	15 of 15
Classes with a current rating in the dataset	14 of 15
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.