← Benchmark 2024-V9 Mortgage Trust · Loan annex · CMBS market
- Deal
- Benchmark 2024-V9 Mortgage Trust
- Current balance
- $75.0M (September 2026)
- Share of deal
- 8.4%
- Status
- Current
- DSCR (latest)
- 0.97
- Occupancy (latest)
- 99%
- Scheduled maturity
- 2029-07-06
Property and terms
| Property | Memphis and Chicago Industrial Portfolio (and 4 more properties) |
| Address | 8374 North 4000E Road; 255 and 440 E. Brooks Rd 3389 Gemini Dr, 247 & 371 Saturn Dr, 234 Titan Dr; 8800 Rostin Road; 3900 and 4100 Willow Lake Blvd 4477 Winchester Rd and 422 Gragson Dr; 3021, 3077, 3091 East 98th Street 3095 and 3105 East 98th Street; Manteno, IL (and 4 more) 60950 |
| Property type | Warehouse |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 2,977,007 |
| Year built | not yet reported |
| Year last renovated | not yet reported |
| Original balance | $75.0M |
| Current balance | $75.0M (September 2026) |
| Share of deal balance | 8.4% |
| Interest rate at origination | 6.78% |
| Current interest rate | 6.78% |
| Origination date | 07-02-2024 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2029-07-06 |
| Prepayment lockout end | 05-05-2029 |
| Yield maintenance end | not yet reported |
| Servicer | Midland Loan Services |
| Loan servicer | not yet reported |
| Originator | Citi Real Estate Funding Inc. |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $134.3M | not yet reported | not yet reported |
| Most recent reported | not yet reported | not yet reported | ["MAI", "MAI", "MAI", "MAI", "MAI"] |
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Smucker Retail, Inc. | 820,110 | 12-31-2033 |
| Terex Corporation | 508,700 | 02-28-2030 |
| Chatt Transport Services LLC | 292,649 | 08-31-2028 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| August 2024 | $75.0M | Current | 6.78% | 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 | $75.0M | Current | 6.78% | 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 | $75.0M | Current | 6.78% | 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 2024 | $75.0M | Current | 6.78% | 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 2024 | $75.0M | Current | 6.78% | 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 | $75.0M | Current | 6.78% | 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 | $75.0M | Current | 6.78% | 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 | $75.0M | Current | 6.78% | 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 | $75.0M | Current | 6.78% | 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 | $75.0M | Current | 6.78% | 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 | $75.0M | Current | 6.78% | 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 | $75.0M | Current | 6.78% | 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 | $75.0M | Current | 6.78% | 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 | $75.0M | Current | 6.78% | 1.61 | 1.75 | 90% | $0 | 03-31-2025 | $3.1M | $842,279 | $2.3M | $2.1M |
| October 2025 | $75.0M | Current | 6.78% | 1.41 | 1.50 | 90% | $0 | 06-30-2025 | $10.3M | $2.6M | $7.7M | $7.3M |
| November 2025 | $75.0M | Current | 6.78% | 1.41 | 1.56 | 99% | $0 | 09-30-2025 | $10.4M | $2.4M | $8.0M | $7.3M |
| December 2025 | $75.0M | Current | 6.78% | 1.41 | 1.56 | 99% | $0 | 09-30-2025 | $10.4M | $2.4M | $8.0M | $7.3M |
| January 2026 | $75.0M | Current | 6.78% | 1.41 | 1.56 | 99% | $0 | 09-30-2025 | $10.4M | $2.4M | $8.0M | $7.3M |
| February 2026 | $75.0M | Current | 6.78% | 1.39 | 1.53 | 71% | $0 | 12-31-2025 | $10.7M | $2.8M | $7.9M | $7.1M |
| March 2026 | $75.0M | Current | 6.78% | 1.39 | 1.53 | 71% | $0 | 12-31-2025 | $10.7M | $2.8M | $7.9M | $7.1M |
| April 2026 | $75.0M | Current | 6.78% | 1.39 | 1.53 | 71% | $0 | 12-31-2025 | $10.7M | $2.8M | $7.9M | $7.1M |
| May 2026 | $75.0M | Current | 6.78% | 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 | $75.0M | Current | 6.78% | 0.97 | 1.06 | 100% | $0 | 03-31-2026 | $2.2M | $784,417 | $1.4M | $1.3M |
| July 2026 | $75.0M | Current | 6.78% | 0.97 | 1.06 | 100% | $0 | 03-31-2026 | $2.2M | $784,417 | $1.4M | $1.3M |
| August 2026 | $75.0M | Current | 6.78% | 0.97 | 1.06 | 100% | $0 | 03-31-2026 | $2.2M | $784,417 | $1.4M | $1.3M |
| September 2026 | $75.0M | Current | 6.78% | 0.97 | 1.06 | 99% | $0 | 03-31-2026 | $2.2M | $784,417 | $1.4M | $1.3M |
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.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.