← BBCMS Mortgage Trust 2024-5C31 · Loan annex · CMBS market
- Deal
- BBCMS Mortgage Trust 2024-5C31
- Current balance
- $65.0M (September 2026)
- Share of deal
- 7.5%
- Status
- Current
- DSCR (latest)
- 1.70
- Occupancy (latest)
- 95%
- Scheduled maturity
- 2029-12-01
Property and terms
| Property | Crossroads Centre (and 9 more properties) |
| Address | 3201-3231, 3233 Southwestern Boulevard 3236, 3245, 3275 Southwestern Boulevard; 1601,1621,1635,1645 Penfield Road 715, 745 and 749 Panorama Trail South; 3825 - 3875 Union Road; 3015, 3035, 3055 Niagara Falls Boulevard 3065, 3190 Niagara Falls Boulevard; 869 - 887 North Bridge Street; 910 Athens Highway; 6254 - 6272 Furnace Road; 1800, 1900 and 2000 Washington Street; 128 West Main Street; 2382 - 2410 Route 19 North; Orchard Park, NY (and 9 more) 14127 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | not yet reported |
| Year built | not yet reported |
| Year last renovated | ["1991", "2002", "2003"] |
| Original balance | $65.0M |
| Current balance | $65.0M (September 2026) |
| Share of deal balance | 7.5% |
| Interest rate at origination | 6.40% |
| Current interest rate | 6.40% |
| Origination date | 11-20-2024 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2029-12-01 |
| Prepayment lockout end | 12-31-2026 |
| Yield maintenance end | 05-31-2029 |
| Servicer | Midland Loan Services |
| Loan servicer | not yet reported |
| Originator | Barclays Capital Real Estate Inc. |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $161.8M | not yet reported | MAI |
| Most recent reported | not yet reported | not yet reported | ["MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI"] |
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Tops1080PC Tops - Orchard Park | not yet reported | ["03-31-2032", "05-31-2029", "12-31-2028", "02-28-2027", "11-30-2026", "01-31-2031", "07-31-2029", "09-30-2030", "05-31-2029", "06-30-2035"] |
| Bob's Bob's Discount Furniture, LLC | not yet reported | ["07-31-2034", "06-30-2028", "08-31-2028", "09-30-2031", "01-31-2028", "05-31-2028", "03-31-2027", "09-30-2028", "07-31-2029", "01-31-2034"] |
| ColonialWi Colonial Wine - Orchard Park | not yet reported | ["11-30-2027", "03-31-2031", "12-31-2028", "05-31-2028", "10-31-2029", "05-31-2029", "01-31-2028", "08-31-2027", "04-30-2027", "01-31-2029"] |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| December 2024 | $65.0M | Matured balloon, performing | 6.40% | 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 | $65.0M | Current | 6.40% | 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 | $65.0M | Current | 6.40% | 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 | $65.0M | Current | 6.40% | 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 | $65.0M | Current | 6.40% | 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 | $65.0M | Current | 6.40% | 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 | $65.0M | Current | 6.40% | 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 | $65.0M | Current | 6.40% | 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 | $65.0M | Current | 6.40% | 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 | $65.0M | Current | 6.40% | 4.23 | 4.29 | 94% | $0 | 06-30-2025 | $17.5M | $6.3M | $11.2M | $11.0M |
| October 2025 | $65.0M | Current | 6.40% | 4.23 | 4.29 | 94% | $0 | 06-30-2025 | $17.5M | $6.3M | $11.2M | $11.0M |
| November 2025 | $65.0M | Current | 6.40% | 1.70 | 1.72 | 93% | $0 | 09-30-2025 | $17.5M | $6.3M | $11.2M | $11.1M |
| December 2025 | $65.0M | Current | 6.40% | 1.70 | 1.72 | 93% | $0 | 09-30-2025 | $17.5M | $6.3M | $11.2M | $11.1M |
| January 2026 | $65.0M | Current | 6.40% | 1.70 | 1.72 | 93% | $0 | 09-30-2025 | $17.5M | $6.3M | $11.2M | $11.1M |
| February 2026 | $65.0M | Current | 6.40% | 1.70 | 1.72 | 93% | $0 | 09-30-2025 | $17.5M | $6.3M | $11.2M | $11.1M |
| March 2026 | $65.0M | Current | 6.40% | 8.19 | 8.30 | 93% | $0 | 12-31-2025 | $17.4M | $6.5M | $10.9M | $10.7M |
| April 2026 | $65.0M | Current | 6.40% | 8.19 | 8.30 | 93% | $0 | 12-31-2025 | $17.4M | $6.5M | $10.9M | $10.7M |
| May 2026 | $65.0M | Current | 6.40% | 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 | $65.0M | Current | 6.40% | 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 2026 | $65.0M | Current | 6.40% | 1.70 | 1.72 | 93% | $0 | 03-31-2026 | $4.5M | $1.7M | $2.8M | $2.8M |
| August 2026 | $65.0M | Current | 6.40% | 1.70 | 1.72 | 93% | $0 | 03-31-2026 | $4.5M | $1.7M | $2.8M | $2.8M |
| September 2026 | $65.0M | Current | 6.40% | 1.70 | 1.72 | 95% | $0 | 03-31-2026 | $4.5M | $1.7M | $2.8M | $2.8M |
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.
Also filed in other trusts
Loans are sometimes split across trusts (pari passu), and each trust files the loan at its whole-loan amount. A loan with the same property name and origination date is filed in: Benchmark 2025-V13 Mortgage Trust; Morgan Stanley Bank of America Merrill Lynch Trust 2025-5C1.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.