← BBCMS Mortgage Trust 2024-5C25 · Loan annex · CMBS market
- Deal
- BBCMS Mortgage Trust 2024-5C25
- Current balance
- $26.5M (September 2026)
- Share of deal
- 3.0%
- Status
- Matured balloon, non-performing
- DSCR (latest)
- 0.99
- Occupancy (latest)
- 90%
- Scheduled maturity
- 2029-02-05
Property and terms
| Property | Elevate at the Pointe |
| Address | 707 Franklin Gateway; Marietta, GA 30067 |
| Property type | Multifamily |
| Units, beds or keys | 181 |
| Net rentable square feet | not yet reported |
| Year built | 1969 |
| Year last renovated | 2022 |
| Original balance | $26.5M |
| Current balance | $26.5M (September 2026) |
| Share of deal balance | 3.0% |
| Interest rate at origination | 6.20% |
| Current interest rate | 6.20% |
| Origination date | 01-09-2024 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2029-02-05 |
| Prepayment lockout end | 11-04-2028 |
| Yield maintenance end | not yet reported |
| Servicer | 3650 Loan Servicing |
| Loan servicer | not yet reported |
| Originator | 3650 Real Estate Investment Trust 2 LLC |
| Current status | Matured balloon, non-performing |
| Specially serviced now | Yes |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $48.3M | 12-20-2023 | MAI |
| Most recent reported | $48.3M | 2023-12-20 | MAI |
Change from securitization to the most recent reported valuation: 0.0%.
Monthly history
| Month | Balance | Status | Rate | DSCR (NCF) | DSCR (NOI) | Occupancy | Advances | Financial period end | Revenue | Expenses | NOI | NCF |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| March 2024 | $26.5M | Current | 6.20% | 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 2024 | $26.5M | Current | 6.20% | 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 2024 | $26.5M | Current | 6.20% | 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 2024 | $26.5M | Current | 6.20% | 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 2024 | $26.5M | Current | 6.20% | 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 2024 | $26.5M | Current | 6.20% | 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 2024 | $26.5M | Current | 6.20% | 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 2024 | $26.5M | Current | 6.20% | 0.96 | 0.98 | 96% | $0 | 06-30-2024 | $3.4M | $1.4M | $2.1M | $2.0M |
| November 2024 | $26.5M | Current | 6.20% | 1.25 | 1.27 | 96% | $0 | 06-30-2024 | $3.4M | $1.3M | $2.1M | $2.1M |
| December 2024 | $26.5M | Current | 6.20% | 1.25 | 1.27 | 96% | $0 | 06-30-2024 | $3.4M | $1.3M | $2.1M | $2.1M |
| January 2025 | $26.5M | Current | 6.20% | 1.25 | 1.27 | 95% | $0 | 06-30-2024 | $3.4M | $1.3M | $2.1M | $2.1M |
| February 2025 | $26.5M | Current | 6.20% | 1.25 | 1.27 | 95% | $0 | 06-30-2024 | $3.4M | $1.3M | $2.1M | $2.1M |
| March 2025 | $26.5M | Current | 6.20% | 1.25 | 1.27 | 95% | $0 | 06-30-2024 | $3.4M | $1.3M | $2.1M | $2.1M |
| April 2025 | $26.5M | Current | 6.20% | 1.25 | 1.27 | 95% | $0 | 06-30-2024 | $3.4M | $1.3M | $2.1M | $2.1M |
| May 2025 | $26.5M | Current | 6.20% | 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 | $26.5M | Current | 6.20% | 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 | $26.5M | Current | 6.20% | 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 | $26.5M | Current | 6.20% | 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 | $26.5M | Current | 6.20% | 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 | $26.5M | Current | 6.20% | 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 |
| November 2025 | $26.5M | Current | 6.20% | 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 |
| December 2025 | $26.5M | Current | 6.20% | 1.28 | 1.30 | 91% | $0 | 06-30-2025 | $3.8M | $1.7M | $2.2M | $2.1M |
| January 2026 | $26.5M | Current | 6.20% | 1.28 | 1.30 | 91% | $0 | 06-30-2025 | $3.8M | $1.7M | $2.2M | $2.1M |
| February 2026 | $26.5M | Current | 6.20% | 1.28 | 1.30 | 91% | $0 | 06-30-2025 | $3.8M | $1.7M | $2.2M | $2.1M |
| March 2026 | $26.5M | Current | 6.20% | 1.28 | 1.30 | 91% | $0 | 06-30-2025 | $3.8M | $1.7M | $2.2M | $2.1M |
| April 2026 | $26.5M | Current | 6.20% | 1.12 | 1.15 | 93% | $0 | 12-31-2025 | $3.6M | $1.7M | $1.9M | $1.9M |
| May 2026 | $26.5M | Current | 6.20% | 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 | $26.5M | Current | 6.20% | 0.99 | 1.01 | 90% | $0 | 03-31-2026 | $3.4M | $1.7M | $1.7M | $1.6M |
| July 2026 | $26.5M | Current | 6.20% | 0.99 | 1.01 | 90% | $0 | 03-31-2026 | $3.4M | $1.7M | $1.7M | $1.6M |
| August 2026 | $26.5M | Matured balloon, non-performing | 6.20% | 0.99 | 1.01 | 90% | $141,424 | 03-31-2026 | $3.4M | $1.7M | $1.7M | $1.6M |
| September 2026 | $26.5M | Matured balloon, non-performing | 6.20% | 0.99 | 1.01 | 90% | $141,424 | 03-31-2026 | $3.4M | $1.7M | $1.7M | $1.6M |
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 |
|---|---|
| 2026-07-17 | Transferred to the special servicer |
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.