← BANK5 2024-5YR11 · Loan annex · CMBS market
- Deal
- BANK5 2024-5YR11
- Current balance
- $6.4M (September 2026)
- Share of deal
- 0.8%
- Status
- Current
- DSCR (latest)
- 1.20
- Occupancy (latest)
- 100%
- Scheduled maturity
- 2029-11-01
Property and terms
| Property | 1302 KINGS HIGHWAY |
| Address | 1302 KINGS HIGHWAY; Brooklyn, NY 11229 |
| Property type | Office |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 18,250 |
| Year built | 1925 |
| Year last renovated | 1996 |
| Original balance | $6.4M |
| Current balance | $6.4M (September 2026) |
| Share of deal balance | 0.8% |
| Interest rate at origination | 6.41% |
| Current interest rate | 6.41% |
| Origination date | 10-23-2024 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2029-11-01 |
| Prepayment lockout end | 07-31-2029 |
| Yield maintenance end | not yet reported |
| Servicer | Wells Fargo Bank, NA |
| Loan servicer | not yet reported |
| Originator | MSBNA |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $10.1M | 05-08-2024 | MAI |
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| American Dental | 3,200 | 06-30-2028 |
| BE HEALTHY MEDICAL P.C. | 3,200 | 10-31-2028 |
| BIG HEART HOME CARE LLC | 3,200 | 05-31-2029 |
The three largest tenants as reported in the latest asset-level record.
Monthly history
| Month | Balance | Status | Rate | DSCR (NCF) | DSCR (NOI) | Occupancy | Advances | Financial period end | Revenue | Expenses | NOI | NCF |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| November 2024 | $6.4M | Current | 6.41% | 2.28 | 2.28 | 100% | $0 | 07-31-2024 | $1.2M | $226,640 | $946,731 | $946,731 |
| December 2024 | $6.4M | Current | 6.41% | 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 | $6.4M | Matured balloon, non-performing | 6.41% | not yet reported | not yet reported | not yet reported | $35,299 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| February 2025 | $6.4M | 30-59 days delinquent | 6.41% | not yet reported | not yet reported | not yet reported | $70,597 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| March 2025 | $6.4M | 30-59 days delinquent | 6.41% | not yet reported | not yet reported | not yet reported | $67,181 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| April 2025 | $6.4M | Current | 6.41% | 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 | $6.4M | Current | 6.41% | 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 | $6.4M | Current | 6.41% | 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 |
| July 2025 | $6.4M | Current | 6.41% | 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 |
| August 2025 | $6.4M | Current | 6.41% | 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 |
| September 2025 | $6.4M | Current | 6.41% | 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 |
| October 2025 | $6.4M | Matured balloon, non-performing | 6.41% | not yet reported | not yet reported | not yet reported | $34,160 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| November 2025 | $6.4M | Matured balloon, non-performing | 6.41% | not yet reported | not yet reported | not yet reported | $35,299 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| December 2025 | $6.4M | Current | 6.41% | 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 2026 | $6.4M | Current | 6.41% | 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 2026 | $6.4M | Current | 6.41% | 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 2026 | $6.4M | Current | 6.41% | 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 2026 | $6.4M | Current | 6.41% | 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 2026 | $6.4M | Current | 6.41% | 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 2026 | $6.4M | Current | 6.41% | 2.32 | 2.45 | 100% | $0 | 12-31-2025 | $1.3M | $301,451 | $1.0M | $965,543 |
| July 2026 | $6.4M | Current | 6.41% | 1.42 | 1.55 | 100% | $0 | 03-31-2026 | $228,696 | $70,219 | $158,477 | $145,340 |
| August 2026 | $6.4M | Current | 6.41% | 1.20 | 1.32 | 100% | $0 | 06-30-2026 | $419,473 | $145,353 | $274,120 | $247,846 |
| September 2026 | $6.4M | Current | 6.41% | 1.20 | 1.32 | 100% | $0 | 06-30-2026 | $419,473 | $145,353 | $274,120 | $247,846 |
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 |
|---|---|
| February 2025 | 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.