← Benchmark 2024-V12 Mortgage Trust · Loan annex · CMBS market
- Deal
- Benchmark 2024-V12 Mortgage Trust
- Current balance
- $17.5M (September 2026)
- Share of deal
- 2.3%
- Status
- Matured balloon, non-performing
- DSCR (latest)
- 1.16
- Occupancy (latest)
- 84%
- Scheduled maturity
- 2029-10-06
Property and terms
| Property | THE COMMODORE |
| Address | 100 NORTHAMPTON STREET; Easton, PA 18042 |
| Property type | Multifamily |
| Units, beds or keys | 38 |
| Net rentable square feet | not yet reported |
| Year built | 1880 |
| Year last renovated | 2023 |
| Original balance | $17.5M |
| Current balance | $17.5M (September 2026) |
| Share of deal balance | 2.3% |
| Interest rate at origination | 6.74% |
| Current interest rate | 6.74% |
| Origination date | 10-10-2024 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2029-10-06 |
| Prepayment lockout end | 04-05-2029 |
| Yield maintenance end | not yet reported |
| Servicer | Wells Fargo Bank, NA |
| Loan servicer | not yet reported |
| Originator | Barclays Capital Real Estate Inc. |
| Current status | Matured balloon, non-performing |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $25.8M | 11-01-2024 | MAI |
Monthly history
| Month | Balance | Status | Rate | DSCR (NCF) | DSCR (NOI) | Occupancy | Advances | Financial period end | Revenue | Expenses | NOI | NCF |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| December 2024 | $17.5M | Current | 6.74% | 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 | $17.5M | Current | 6.74% | not yet reported | not yet reported | not yet reported | not yet reported | 11-01-2024 | not yet reported | not yet reported | not yet reported | not yet reported |
| February 2025 | $17.5M | Current | 6.74% | 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 | $17.5M | Current | 6.74% | 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 | $17.5M | Current | 6.74% | 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 | $17.5M | Current | 6.74% | 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 | $17.5M | Current | 6.74% | 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 | $17.5M | Current | 6.74% | 1.00 | 1.03 | 81% | $0 | 03-31-2025 | $377,022 | $74,048 | $302,974 | $295,112 |
| August 2025 | $17.5M | Matured balloon, non-performing | 6.74% | 1.00 | 1.03 | 81% | $101,530 | 03-31-2025 | $377,022 | $74,048 | $302,974 | $295,112 |
| September 2025 | $17.5M | 30-59 days delinquent | 6.74% | 1.00 | 1.03 | 81% | $203,061 | 03-31-2025 | $377,022 | $74,048 | $302,974 | $295,112 |
| October 2025 | $17.5M | Matured balloon, non-performing | 6.74% | 0.88 | 0.91 | 70% | $98,255 | 06-30-2025 | $768,284 | $226,031 | $542,253 | $526,529 |
| November 2025 | $17.5M | Matured balloon, non-performing | 6.74% | 0.88 | 0.91 | 70% | $101,530 | 06-30-2025 | $768,284 | $226,031 | $542,253 | $526,529 |
| December 2025 | $17.5M | 30-59 days delinquent | 6.74% | 0.88 | 0.91 | 70% | $199,786 | 06-30-2025 | $768,284 | $226,031 | $542,253 | $526,529 |
| January 2026 | $17.5M | Current | 6.74% | 0.88 | 0.91 | 70% | $0 | 06-30-2025 | $768,284 | $226,031 | $542,253 | $526,529 |
| February 2026 | $17.5M | Current | 6.74% | 0.97 | 0.99 | 95% | $0 | 09-30-2025 | $1.2M | $315,543 | $892,911 | $869,325 |
| March 2026 | $17.5M | Matured balloon, non-performing | 6.74% | 0.97 | 0.99 | 95% | $91,705 | 09-30-2025 | $1.2M | $315,543 | $892,911 | $869,325 |
| April 2026 | $17.5M | 30-59 days delinquent | 6.74% | 0.97 | 0.99 | 95% | $193,235 | 09-30-2025 | $1.2M | $315,543 | $892,911 | $869,325 |
| May 2026 | $17.5M | Current | 6.74% | 0.97 | 0.99 | 95% | $0 | 09-30-2025 | $1.2M | $315,543 | $892,911 | $869,325 |
| June 2026 | $17.5M | Current | 6.74% | 0.99 | 1.02 | 95% | $0 | 12-31-2025 | $1.6M | $367,347 | $1.2M | $1.2M |
| July 2026 | $17.5M | Current | 6.74% | 0.99 | 1.02 | 95% | $0 | 12-31-2025 | $1.6M | $367,347 | $1.2M | $1.2M |
| August 2026 | $17.5M | Current | 6.74% | 0.99 | 1.02 | 95% | $0 | 12-31-2025 | $1.6M | $367,347 | $1.2M | $1.2M |
| September 2026 | $17.5M | Matured balloon, non-performing | 6.74% | 1.16 | 1.19 | 84% | $101,530 | 06-30-2026 | $885,536 | $177,070 | $708,466 | $692,742 |
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 |
|---|---|
| September 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.