← BANK5 2024-5YR11 · Loan annex · CMBS market
- Deal
- BANK5 2024-5YR11
- Current balance
- $7.1M (September 2026)
- Share of deal
- 0.9%
- Status
- 90+ days delinquent
- DSCR (latest)
- 0.50
- Occupancy (latest)
- 94%
- Scheduled maturity
- 2029-11-01
Property and terms
| Property | 180 1ST AVENUE |
| Address | 180 1ST AVENUE; New York, NY 10009 |
| Property type | Mixed use |
| Units, beds or keys | 14 |
| Net rentable square feet | not yet reported |
| Year built | 1900 |
| Year last renovated | 2022 |
| Original balance | $7.1M |
| Current balance | $7.1M (September 2026) |
| Share of deal balance | 0.9% |
| Interest rate at origination | 6.78% |
| Current interest rate | 6.78% |
| Origination date | 10-22-2024 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2029-11-01 |
| Prepayment lockout end | 06-30-2029 |
| Yield maintenance end | not yet reported |
| Servicer | Wells Fargo Bank, NA |
| Loan servicer | not yet reported |
| Originator | MSBNA |
| Current status | 90+ days delinquent |
| Specially serviced now | Yes |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $10.9M | 08-08-2024 | MAI |
Monthly history
| Month | Balance | Status | Rate | DSCR (NCF) | DSCR (NOI) | Occupancy | Advances | Financial period end | Revenue | Expenses | NOI | NCF |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| November 2024 | $7.1M | Current | 6.78% | 1.29 | 1.29 | 100% | $0 | 08-31-2024 | $794,685 | $166,234 | $628,452 | $628,452 |
| December 2024 | $7.1M | Current | 6.78% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| January 2025 | $7.1M | Current | 6.78% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| February 2025 | $7.1M | Current | 6.78% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| March 2025 | $7.1M | Current | 6.78% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| April 2025 | $7.1M | Current | 6.78% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| May 2025 | $7.1M | Current | 6.78% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2025 | $7.1M | Current | 6.78% | 1.44 | 1.48 | 100% | $0 | 03-31-2025 | $236,051 | $58,174 | $177,877 | $173,397 |
| July 2025 | $7.1M | Current | 6.78% | 1.44 | 1.48 | 100% | $0 | 03-31-2025 | $236,051 | $58,174 | $177,877 | $173,397 |
| August 2025 | $7.1M | Current | 6.78% | 1.44 | 1.48 | 100% | $0 | 03-31-2025 | $236,051 | $58,174 | $177,877 | $173,397 |
| September 2025 | $7.1M | Current | 6.78% | 1.44 | 1.48 | 100% | $0 | 03-31-2025 | $236,051 | $58,174 | $177,877 | $173,397 |
| October 2025 | $7.1M | Current | 6.78% | 1.44 | 1.48 | 100% | $0 | 03-31-2025 | $236,051 | $58,174 | $177,877 | $173,397 |
| November 2025 | $7.1M | Current | 6.78% | 1.44 | 1.48 | 100% | $0 | 03-31-2025 | $236,051 | $58,174 | $177,877 | $173,397 |
| December 2025 | $7.1M | Current | 6.78% | 1.44 | 1.48 | 100% | $0 | 03-31-2025 | $236,051 | $58,174 | $177,877 | $173,397 |
| January 2026 | $7.1M | Current | 6.78% | 1.35 | 1.39 | 94% | $0 | 09-30-2025 | $715,033 | $205,386 | $509,647 | $496,207 |
| February 2026 | $7.1M | Matured balloon, non-performing | 6.78% | 1.35 | 1.39 | 94% | $41,422 | 09-30-2025 | $715,033 | $205,386 | $509,647 | $496,207 |
| March 2026 | $7.1M | Matured balloon, non-performing | 6.78% | 1.35 | 1.39 | 94% | $37,413 | 09-30-2025 | $715,033 | $205,386 | $509,647 | $496,207 |
| April 2026 | $7.1M | Matured balloon, non-performing | 6.78% | 1.35 | 1.38 | 94% | $41,422 | 12-31-2025 | $956,156 | $280,828 | $675,328 | $657,408 |
| May 2026 | $7.1M | Current | 6.78% | 1.35 | 1.38 | 94% | $0 | 12-31-2025 | $956,156 | $280,828 | $675,328 | $657,408 |
| June 2026 | $7.1M | Matured balloon, non-performing | 6.78% | 1.35 | 1.38 | 94% | $41,422 | 12-31-2025 | $956,156 | $280,828 | $675,328 | $657,408 |
| July 2026 | $7.1M | 30-59 days delinquent | 6.78% | 0.50 | 0.54 | 94% | $81,507 | 03-31-2026 | $133,573 | $66,717 | $66,856 | $62,376 |
| August 2026 | $7.1M | 60-89 days delinquent | 6.78% | 0.50 | 0.54 | 94% | $122,929 | 03-31-2026 | $133,573 | $66,717 | $66,856 | $62,376 |
| September 2026 | $7.1M | 90+ days delinquent | 6.78% | 0.50 | 0.54 | 94% | $153,995 | 03-31-2026 | $133,573 | $66,717 | $66,856 | $62,376 |
Revenue, expenses, net operating income (NOI) and net cash flow (NCF) are the most recent financials reported as of each month, for the financial period ending on the date shown. DSCR is debt service coverage on the net cash flow and net operating income bases as reported.
Status timeline
| Date | Event |
|---|---|
| 2026-06-30 | Transferred to the special servicer |
| July 2026 | First reported 30 or more days delinquent |
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.