- Current pool balance
- $891.5M (September 2026)
- Original pool balance
- $892.1M
- Loans at issuance
- 32
- Closing date
- 2024-08-29
- Weighted average coupon at issuance
- 6.72%
- Weighted average LTV at issuance
- 53.5%
- 30+ delinquent (latest)
- 0.00%
- Realized stress score
- 41.4
- 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 | $1.6M | 99.82% | 4.849% fixed | 081919AL6 | AAA | AAA | not yet reported | Aaa | not yet reported |
| A-3 | $622.9M | 30.00% | 5.602% fixed | 081919AN2 | AAA | AAA | not yet reported | Aaa | not yet reported |
| A-S | $98.1M | 19.00% | 6.064% fixed | 081919AS1 | AAA | AAA | not yet reported | not yet reported | not yet reported |
| B | $43.5M | 14.13% | 6.466% fixed | 081919AT9 | AA- | AA- | not yet reported | not yet reported | not yet reported |
| C | $32.3M | 10.50% | 6.453% fixed | 081919AU6 | A- | A- | not yet reported | not yet reported | not yet reported |
| D | $14.5M | 8.88% | 4.500% fixed | 081919AV4 | BBB | BBB+ | not yet reported | not yet reported | not yet reported |
| E-RR | $13.4M | 7.38% | 6.926% floating | 081919AB8 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| F-RR | $17.8M | 5.38% | 6.926% floating | 081919AD4 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| G-RR | $10.0M | 4.25% | 6.926% floating | 081919AF9 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| J-RR | $37.9M | 0.00% | 6.926% floating | 081919AH5 | 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 | 081919AJ1 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| X-A | $722.6M | Interest only | 1.263% floating | 081919AP7 | AAA | AAA | not yet reported | not yet reported | not yet reported |
| X-B | $75.8M | Interest only | 0.466% floating | 081919AQ5 | A- | AAA | not yet reported | not yet reported | not yet reported |
| X-D | $14.5M | Interest only | 2.426% floating | 081919AR3 | BBB | BBB+ | 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 | 32 |
| Original loan balance | $892.1M |
| Weighted average coupon | 6.72% |
| Weighted average LTV | 53.5% |
| Median loan LTV | 60.8% |
| Full-term interest only (share of balance) | 96.3% |
| Balloon loans (share of balance) | 100.0% |
| Largest loan (share of balance) | 10.0% |
| Five largest loans (share of balance) | 40.0% |
| Occupancy at issuance (weighted average) | 91.2% |
Realized outcomes
| Months reported | 26 |
| Peak 30+ delinquency | 3.36% (May 2026) |
| Ever severe (share of original balance) | 0.00% |
| Ever modified (share of original balance) | 3.70% |
| Past scheduled maturity (share of original balance) | 0.00% |
| Non-performing matured (share of original balance) | 58.16% |
| Maximum servicer advances (share of balance) | 0.04% |
| Median DSCR, first year | 1.83 |
| Median DSCR, latest | 1.46 |
| Realized stress score | 41.4 |
Property types
| Property type | Original balance | Share of pool |
|---|---|---|
| Retail | $208.0M | 23.3% |
| Multifamily | $173.8M | 19.5% |
| Mixed use | $137.9M | 15.5% |
| Multiple property types | $115.0M | 12.9% |
| Warehouse | $87.0M | 9.8% |
| Lodging | $77.6M | 8.7% |
| Office | $62.0M | 6.9% |
| Industrial | $23.2M | 2.6% |
| Self storage | $7.7M | 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 |
|---|---|---|---|---|---|
| Stonebriar Centre | Frisco, TX | $89.0M | 10.0% | 7.00% | 2024 |
| ["1702 East Highway 44", "6 Mulberry Way", "10038 South New Era Road", "2395 Downing Avenue", "3221 McKown Road", "306 Ryan Drive", "113 Paintbrush Street", "50 Reliance Road", "100 Carol Road", "432 Mechanic Street, 431 Gratiot Avenue & 1423 Franklin Street", "2928 Alpine Road", "136 Brannon Drive", "Churchill Portfolio", "10B Kenwood Terrace", "650 Interstate 10 South", "203 Highway 90 and 2319 Henderson Street", "87 White Frost Drive", "8056 Highway 49 North", "120 North I Road", "4101 Gordon Road", "4455 Oak Crest Hill Southeast", "1120 Pass Road and 9470 Creosote Road", "401 30th Street NW", "8990 Moffett Road and 11140 Moffett Road", "133 Country Manor Road", "4271 Raleigh Lagrange Road", "5061 Oak Grove Road", "840 S. Main Street", "3301 Highway 90"] | ["Rapid City", "Durango", "Canby", "Savannah", "Douglasville", "Saint Marys", "San Marcos", "Reliance", "Oxford", "Detroit", "Columbia", "Dickson", "Baytown", "Mora", "Beaumont", "Waveland", "Montgomery", "Gulfport", "San Juan", "Sioux City", "Iowa City", "Gulfport", "Willmar", "Semmes", "Eagle Lake", "Memphis", "Evansville", "Old Town", "Gautier"], ["SD", "CO", "OR", "GA", "GA", "GA", "TX", "WY", "ME", "MI", "SC", "TN", "TX", "MN", "TX", "MS", "AL", "MS", "TX", "IA", "IA", "MS", "MN", "AL", "MN", "TN", "IN", "ME", "MS"] | $85.0M | 9.5% | 5.71% | 2024 |
| ["Memphis and Chicago Industrial Portfolio", "255 and 440 E Brooks Rd", "8800 Rostin Road", "3900 and 4100 Willow Lake Blvd", "3021, 3077, 3091, 3095 and 3105 East 98th Street"] | ["Manteno", "Memphis", "Southaven", "Memphis", "Carmel"], ["IL", "TN", "MS", "TN", "IN"] | $75.0M | 8.4% | 6.78% | 2024 |
| Quantico Corporate Center | Stafford, VA | $57.0M | 6.4% | 7.10% | 2024 |
| ["NYC Multifamily Portfolio", "210 East 58th St"] | ["New York", "New York"], ["NY", "NY"] | $50.5M | 5.7% | 6.21% | 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 | 14 of 14 |
| Classes with a current rating in the dataset | 9 of 14 |
| 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.