← BMO 2024-5C5 Mortgage Trust · Loan annex · CMBS market
- Deal
- BMO 2024-5C5 Mortgage Trust
- Current balance
- $37.9M (September 2026)
- Share of deal
- 3.7%
- Status
- Matured balloon, non-performing
- DSCR (latest)
- 0.85
- Occupancy (latest)
- 99%
- Scheduled maturity
- 2029-05-06
Property and terms
| Property | 1812 North Moore |
| Address | 1812 North Moore Street; Arlington, VA 22209 |
| Property type | Office |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 536,492 |
| Year built | 2013 |
| Year last renovated | not yet reported |
| Original balance | $38.0M |
| Current balance | $37.9M (September 2026) |
| Share of deal balance | 3.7% |
| Interest rate at origination | 7.53% |
| Current interest rate | 7.53% |
| Origination date | 04-10-2024 |
| Original term | 60 months |
| Amortization term | 360 months |
| Interest-only period | 24 months |
| Scheduled maturity | 2029-05-06 |
| Prepayment lockout end | 11-05-2028 |
| Yield maintenance end | not yet reported |
| Servicer | Midland Loan Services |
| Loan servicer | not yet reported |
| Originator | Citi Real Estate Funding Inc. |
| Current status | Matured balloon, non-performing |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $315.0M | 02-20-2024 | MAI |
| Most recent reported | $315.0M | 2024-02-20 | MAI |
Change from securitization to the most recent reported valuation: 0.0%.
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Nestle USA, Inc. | 299,171 | 11-30-2042 |
| HNTB Corporation | 48,046 | 05-31-2037 |
| Humana Real Estate Company | 46,785 | 05-31-2031 |
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 | $38.0M | Current | 7.53% | 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 | $38.0M | Current | 7.53% | 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 | $38.0M | Current | 7.53% | 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 | $38.0M | Current | 7.53% | 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 | $38.0M | Current | 7.53% | 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 | $38.0M | Current | 7.53% | 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 | $38.0M | Current | 7.53% | 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 | $38.0M | Current | 7.53% | 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 | $38.0M | Current | 7.53% | 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 | $38.0M | Current | 7.53% | 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 | $38.0M | Current | 7.53% | 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 | $38.0M | Current | 7.53% | 1.43 | 1.54 | 83% | $0 | 03-31-2025 | $31.1M | $10.7M | $20.3M | $18.9M |
| August 2025 | $38.0M | Current | 7.53% | 1.43 | 1.54 | 87% | $0 | 03-31-2025 | $31.1M | $10.7M | $20.3M | $18.9M |
| September 2025 | $38.0M | Current | 7.53% | 1.43 | 1.54 | 87% | $0 | 03-31-2025 | $31.1M | $10.7M | $20.3M | $18.9M |
| October 2025 | $38.0M | Current | 7.53% | 1.40 | 1.51 | 87% | $0 | 06-30-2025 | $31.1M | $11.1M | $20.0M | $18.5M |
| November 2025 | $38.0M | Current | 7.53% | 1.45 | 1.57 | 87% | $0 | 09-30-2025 | $31.3M | $11.2M | $20.1M | $18.6M |
| December 2025 | $38.0M | Current | 7.53% | 1.45 | 1.57 | 87% | $0 | 09-30-2025 | $31.3M | $11.2M | $20.1M | $18.6M |
| January 2026 | $38.0M | Current | 7.53% | 1.45 | 1.57 | 87% | $0 | 09-30-2025 | $31.3M | $11.2M | $20.1M | $18.6M |
| February 2026 | $38.0M | Current | 7.53% | 1.40 | 1.51 | 87% | $0 | 12-31-2025 | $31.3M | $11.3M | $19.9M | $18.5M |
| March 2026 | $38.0M | Current | 7.53% | 1.40 | 1.51 | 87% | $0 | 12-31-2025 | $31.3M | $11.3M | $19.9M | $18.5M |
| April 2026 | $38.0M | Current | 7.53% | 1.40 | 1.51 | 87% | $0 | 12-31-2025 | $31.3M | $11.3M | $19.9M | $18.5M |
| May 2026 | $38.0M | Current | 7.53% | 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 | $38.0M | Matured balloon, non-performing | 7.53% | 0.76 | 0.87 | 99% | $266,401 | 03-31-2026 | $5.8M | $3.0M | $2.9M | $2.5M |
| July 2026 | $38.0M | 30-59 days delinquent | 7.53% | 0.76 | 0.87 | 99% | $532,804 | 03-31-2026 | $5.8M | $3.0M | $2.9M | $2.5M |
| August 2026 | $38.0M | Matured balloon, non-performing | 7.53% | 0.85 | 0.96 | 99% | $266,401 | 06-30-2026 | $24.4M | $11.6M | $12.8M | $11.4M |
| September 2026 | $37.9M | Matured balloon, non-performing | 7.53% | 0.85 | 0.96 | 99% | $266,401 | 06-30-2026 | $24.4M | $11.6M | $12.8M | $11.4M |
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 |
|---|---|
| 2026-05-13 | Loan modified (rate after modification 0.00%; maturity after modification 2029-05-06) |
| July 2026 | First reported 30 or more days delinquent |
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: Bank 2024-BNK47; Benchmark 2024-V7 Mortgage Trust; BMO 2024-5C4 Mortgage Trust; BMO 2024-C9 Mortgage Trust.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.