← BMO 2024-5C3 Mortgage Trust · Loan annex · CMBS market
- Deal
- BMO 2024-5C3 Mortgage Trust
- Current balance
- $27.1M (September 2026)
- Share of deal
- 3.0%
- Status
- 90+ days delinquent
- DSCR (latest)
- -0.66
- Occupancy (latest)
- 45%
- Scheduled maturity
- 2029-01-06
Property and terms
| Property | HIGHLAND HILLS APARTMENTS |
| Address | 20 NORTH HILL PARKWAY; Jackson, MS 39206 |
| Property type | Multifamily |
| Units, beds or keys | 454 |
| Net rentable square feet | not yet reported |
| Year built | 1967 |
| Year last renovated | 2023 |
| Original balance | $27.1M |
| Current balance | $27.1M (September 2026) |
| Share of deal balance | 3.0% |
| Interest rate at origination | 5.59% |
| Current interest rate | 5.59% |
| Origination date | 12-22-2023 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2029-01-06 |
| Prepayment lockout end | 10-05-2028 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | Starwood Mortgage Capital LLC |
| Current status | 90+ days delinquent |
| Specially serviced now | Yes |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $42.2M | 11-29-2023 | MAI |
Monthly history
| Month | Balance | Status | Rate | DSCR (NCF) | DSCR (NOI) | Occupancy | Advances | Financial period end | Revenue | Expenses | NOI | NCF |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| February 2024 | $27.1M | Current | 5.59% | 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 | $27.1M | Current | 5.59% | 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 | $27.1M | Current | 5.59% | 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 | $27.1M | Current | 5.59% | 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 | $27.1M | Current | 5.59% | 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 | $27.1M | Current | 5.59% | 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 | $27.1M | Current | 5.59% | 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 | $27.1M | Current | 5.59% | 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 | $27.1M | Current | 5.59% | 1.74 | 1.84 | 85% | $0 | 06-30-2024 | $2.2M | $940,016 | $1.3M | $1.2M |
| November 2024 | $27.1M | Current | 5.59% | 1.74 | 1.84 | 85% | $0 | 06-30-2024 | $2.2M | $940,016 | $1.3M | $1.2M |
| December 2024 | $27.1M | Current | 5.59% | 1.42 | 1.51 | 77% | $0 | 09-30-2024 | $3.2M | $1.4M | $1.7M | $1.6M |
| January 2025 | $27.1M | Current | 5.59% | 1.42 | 1.51 | 77% | $0 | 09-30-2024 | $3.2M | $1.4M | $1.7M | $1.6M |
| February 2025 | $27.1M | Current | 5.59% | 1.42 | 1.51 | 77% | $0 | 09-30-2024 | $3.2M | $1.4M | $1.7M | $1.6M |
| March 2025 | $27.1M | Current | 5.59% | 1.42 | 1.51 | 77% | $0 | 09-30-2024 | $3.2M | $1.4M | $1.7M | $1.6M |
| April 2025 | $27.1M | Current | 5.59% | 1.42 | 1.51 | 77% | $0 | 09-30-2024 | $3.2M | $1.4M | $1.7M | $1.6M |
| May 2025 | $27.1M | Matured balloon, non-performing | 5.59% | 1.42 | 1.51 | 77% | $126,207 | 09-30-2024 | $3.2M | $1.4M | $1.7M | $1.6M |
| June 2025 | $27.1M | Current | 5.59% | 1.42 | 1.51 | 77% | $0 | 09-30-2024 | $3.2M | $1.4M | $1.7M | $1.6M |
| July 2025 | $27.1M | Matured balloon, non-performing | 5.59% | 1.42 | 1.51 | 77% | $126,207 | 09-30-2024 | $3.2M | $1.4M | $1.7M | $1.6M |
| August 2025 | $27.1M | 30-59 days delinquent | 5.59% | 1.42 | 1.51 | 77% | $256,621 | 09-30-2024 | $3.2M | $1.4M | $1.7M | $1.6M |
| September 2025 | $27.1M | 60-89 days delinquent | 5.59% | 1.42 | 1.51 | 77% | $387,035 | 09-30-2024 | $3.2M | $1.4M | $1.7M | $1.6M |
| October 2025 | $27.1M | 90+ days delinquent | 5.59% | 1.42 | 1.51 | 77% | $513,242 | 09-30-2024 | $3.2M | $1.4M | $1.7M | $1.6M |
| November 2025 | $27.1M | 90+ days delinquent | 5.59% | 1.42 | 1.51 | 77% | $643,656 | 09-30-2024 | $3.2M | $1.4M | $1.7M | $1.6M |
| December 2025 | $27.1M | 90+ days delinquent | 5.59% | 1.42 | 1.51 | 77% | $738,311 | 09-30-2024 | $3.2M | $1.4M | $1.7M | $1.6M |
| January 2026 | $27.1M | 90+ days delinquent | 5.59% | 1.42 | 1.51 | 77% | $836,121 | 09-30-2024 | $3.2M | $1.4M | $1.7M | $1.6M |
| February 2026 | $27.1M | 90+ days delinquent | 5.59% | 1.42 | 1.51 | 77% | $933,932 | 09-30-2024 | $3.2M | $1.4M | $1.7M | $1.6M |
| March 2026 | $27.1M | 90+ days delinquent | 5.59% | 1.42 | 1.51 | 77% | $1.0M | 09-30-2024 | $3.2M | $1.4M | $1.7M | $1.6M |
| April 2026 | $27.1M | 90+ days delinquent | 5.59% | 1.42 | 1.51 | 77% | $1.1M | 09-30-2024 | $3.2M | $1.4M | $1.7M | $1.6M |
| May 2026 | $27.1M | 90+ days delinquent | 5.59% | 1.42 | 1.51 | 77% | $1.2M | 09-30-2024 | $3.2M | $1.4M | $1.7M | $1.6M |
| June 2026 | $27.1M | 90+ days delinquent | 5.59% | 1.42 | 1.51 | 77% | $1.3M | 09-30-2024 | $3.2M | $1.4M | $1.7M | $1.6M |
| July 2026 | $27.1M | 90+ days delinquent | 5.59% | 1.42 | 1.51 | 77% | $1.4M | 09-30-2024 | $3.2M | $1.4M | $1.7M | $1.6M |
| August 2026 | $27.1M | 90+ days delinquent | 5.59% | -0.66 | -0.58 | 45% | $1.5M | 06-30-2026 | $2.0M | $2.9M | $-881,372 | $-1.0M |
| September 2026 | $27.1M | 90+ days delinquent | 5.59% | -0.66 | -0.58 | 45% | $1.6M | 06-30-2026 | $2.0M | $2.9M | $-881,372 | $-1.0M |
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 |
|---|---|
| August 2025 | First reported 30 or more days delinquent |
| 2025-08-22 | 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.