← BBCMS Mortgage Trust 2024-C24 / Loan annex / CMBS market
- Deal
- BBCMS Mortgage Trust 2024-C24
- Current balance
- $12.8M (October 2026)
- Share of deal
- 1.9%
- Status
- 30-59 days delinquent
- DSCR (latest)
- 1.41
- Occupancy (latest)
- 100%
- Scheduled maturity
- 2034-01-06
Property and terms
| Property | Creekside Village |
| Address | 15111-15129 Main Street; Mill Creek, WA 98012 |
| Property type | Retail |
| Units, beds or keys | 0 |
| Net rentable square feet | 48,090 |
| Year built | 2007 |
| Year last renovated | not yet reported |
| Original balance | $12.8M |
| Current balance | $12.8M (October 2026) |
| Share of deal balance | 1.9% |
| Interest rate at origination | 7.49% |
| Current interest rate | 7.49% |
| Origination date | 12-07-2023 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2034-01-06 |
| Prepayment lockout end | 02-05-2026 |
| Yield maintenance end | 10-05-2033 |
| Servicer | KeyBank Real Estate Capital |
| Loan servicer | not yet reported |
| Originator | German American Capital Corporation |
| Current status | 30-59 days delinquent |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $20.7M | 10-26-2023 | MAI |
| Most recent reported | $20.7M | 2023-10-26 | MAI |
Change from securitization to the most recent reported valuation: 0.0%.
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Park Studios | 5,207 | 12-31-2029 |
| Banner Bank | 3,123 | 11-30-2029 |
| Mill Creek Executive Offices | 3,023 | 06-01-2028 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| February 2024 | $12.8M | Current | 7.49% | 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 2024 | $12.8M | not yet reported | 7.49% | 0.00 | 0.00 | 0% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| April 2024 | $12.8M | not yet reported | 7.49% | 0.00 | 0.00 | 0% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| May 2024 | $12.8M | not yet reported | 7.49% | 0.00 | 0.00 | 0% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| June 2024 | $12.8M | not yet reported | 7.49% | 0.00 | 0.00 | 0% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| July 2024 | $12.8M | not yet reported | 7.49% | 0.00 | 0.00 | 0% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| August 2024 | $12.8M | not yet reported | 7.49% | 0.00 | 0.00 | 0% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| September 2024 | $12.8M | not yet reported | 7.49% | 0.00 | 0.00 | 0% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| October 2024 | $12.8M | not yet reported | 7.49% | 0.00 | 0.00 | 0% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| November 2024 | $12.8M | not yet reported | 7.49% | 1.74 | 1.81 | 100% | $0 | 06-30-2024 | $976,398 | $244,911 | $731,487 | $702,632 |
| December 2024 | $12.8M | not yet reported | 7.49% | 1.74 | 1.81 | 100% | $0 | 06-30-2024 | $976,398 | $244,911 | $731,487 | $702,632 |
| January 2025 | $12.8M | not yet reported | 7.49% | 1.57 | 1.64 | 100% | $0 | 09-30-2024 | $1.3M | $282,693 | $1.1M | $1.0M |
| February 2025 | $12.8M | not yet reported | 7.49% | 1.57 | 1.64 | 100% | $0 | 09-30-2024 | $1.3M | $282,693 | $1.1M | $1.0M |
| March 2025 | $12.8M | not yet reported | 7.49% | 1.22 | 1.28 | 100% | $0 | 12-31-2024 | $1.7M | $544,533 | $1.1M | $1.1M |
| April 2025 | $12.8M | not yet reported | 7.49% | 1.22 | 1.28 | 100% | $0 | 12-31-2024 | $1.7M | $544,533 | $1.1M | $1.1M |
| May 2025 | $12.8M | not yet reported | 7.49% | 1.22 | 1.28 | 100% | $0 | 12-31-2024 | $1.7M | $544,533 | $1.1M | $1.1M |
| June 2025 | $12.8M | not yet reported | 7.49% | 1.22 | 1.28 | 100% | $0 | 12-31-2024 | $1.7M | $544,533 | $1.1M | $1.1M |
| July 2025 | $12.8M | not yet reported | 7.49% | 1.22 | 1.28 | 100% | $0 | 12-31-2024 | $1.7M | $544,533 | $1.1M | $1.1M |
| August 2025 | $12.8M | not yet reported | 7.49% | 1.11 | 1.17 | 100% | $0 | 12-31-2024 | $1.7M | $544,533 | $1.1M | $1.1M |
| September 2025 | $12.8M | not yet reported | 7.49% | 1.11 | 1.17 | 100% | $0 | 12-31-2024 | $1.7M | $544,533 | $1.1M | $1.1M |
| October 2025 | $12.8M | not yet reported | 7.49% | 1.23 | 1.29 | 100% | $0 | 06-30-2025 | $909,189 | $287,045 | $622,144 | $593,290 |
| November 2025 | $12.8M | not yet reported | 7.49% | 1.11 | 1.17 | 100% | $0 | 12-31-2024 | $1.7M | $544,533 | $1.1M | $1.1M |
| December 2025 | $12.8M | not yet reported | 7.49% | 1.29 | 1.35 | 100% | $0 | 09-30-2025 | $1.4M | $393,694 | $981,047 | $937,766 |
| January 2026 | $12.8M | not yet reported | 7.49% | 1.29 | 1.35 | 100% | $0 | 09-30-2025 | $1.4M | $393,694 | $981,047 | $937,766 |
| February 2026 | $12.8M | not yet reported | 7.49% | 1.29 | 1.35 | 100% | $0 | 09-30-2025 | $1.4M | $393,694 | $981,047 | $937,766 |
| March 2026 | $12.8M | not yet reported | 7.49% | 1.29 | 1.35 | 100% | $0 | 09-30-2025 | $1.4M | $393,694 | $981,047 | $937,766 |
| April 2026 | $12.8M | not yet reported | 7.49% | 1.27 | 1.33 | 100% | $0 | 12-31-2025 | $1.9M | $606,756 | $1.3M | $1.2M |
| May 2026 | $12.8M | not yet reported | 7.49% | 1.29 | 1.35 | 100% | $0 | 09-30-2025 | $1.4M | $393,694 | $981,047 | $937,766 |
| June 2026 | $12.8M | not yet reported | 7.49% | 1.24 | 1.30 | 100% | $0 | 12-31-2025 | $1.9M | $644,738 | $1.3M | $1.2M |
| July 2026 | $12.8M | not yet reported | 7.49% | 1.24 | 1.30 | 100% | $0 | 12-31-2025 | $1.9M | $644,738 | $1.3M | $1.2M |
| August 2026 | $12.8M | not yet reported | 7.49% | 1.24 | 1.30 | 100% | $0 | 12-31-2025 | $1.9M | $644,738 | $1.3M | $1.2M |
| September 2026 | $12.8M | Matured balloon, non-performing | 7.49% | 1.24 | 1.30 | 100% | $81,583 | 12-31-2025 | $1.9M | $644,738 | $1.3M | $1.2M |
| October 2026 | $12.8M | 30-59 days delinquent | 7.49% | 1.41 | 1.47 | 100% | $160,535 | 06-30-2026 | $970,043 | $258,373 | $711,670 | $682,816 |
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 |
|---|---|
| October 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.