← Wells Fargo Commercial Mortgage Trust 2024-5C1 · Loan annex · CMBS market
- Deal
- Wells Fargo Commercial Mortgage Trust 2024-5C1
- Current balance
- $13.0M (September 2026)
- Share of deal
- 1.8%
- Status
- 90+ days delinquent
- DSCR (latest)
- 1.07
- Occupancy (latest)
- 65%
- Scheduled maturity
- 2029-02-06
Property and terms
| Property | EUCLID APARTMENTS |
| Address | 27181 EUCLID AVENUE; Euclid, OH 44132 |
| Property type | Multifamily |
| Units, beds or keys | 738 |
| Net rentable square feet | not yet reported |
| Year built | 1968 |
| Year last renovated | 2022 |
| Original balance | $13.0M |
| Current balance | $13.0M (September 2026) |
| Share of deal balance | 1.8% |
| Interest rate at origination | 7.06% |
| Current interest rate | 7.06% |
| Origination date | 01-31-2024 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2029-02-06 |
| Prepayment lockout end | 11-05-2028 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | LMF Commerical, LLC |
| Current status | 90+ days delinquent |
| Specially serviced now | Yes |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $77.0M | 12-12-2023 | MAI |
| Most recent reported | $18.1M | 2026-04-01 | MAI |
Change from securitization to the most recent reported valuation: -76.5%.
Monthly history
| Month | Balance | Status | Rate | DSCR (NCF) | DSCR (NOI) | Occupancy | Advances | Financial period end | Revenue | Expenses | NOI | NCF |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| July 2024 | $13.0M | Current | 7.06% | 1.62 | 1.62 | 95% | $0 | 12-31-2023 | $8.9M | $2.8M | $6.1M | $6.1M |
| August 2024 | $13.0M | Current | 7.06% | 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 | $13.0M | Current | 7.06% | 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 | $13.0M | Matured balloon, non-performing | 7.06% | not yet reported | not yet reported | not yet reported | $74,844 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| November 2024 | $13.0M | Matured balloon, non-performing | 7.06% | not yet reported | not yet reported | not yet reported | $78,991 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| December 2024 | $13.0M | Matured balloon, non-performing | 7.06% | not yet reported | not yet reported | not yet reported | $76,443 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| January 2025 | $13.0M | 30-59 days delinquent | 7.06% | not yet reported | not yet reported | not yet reported | $155,434 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| February 2025 | $13.0M | 30-59 days delinquent | 7.06% | not yet reported | not yet reported | not yet reported | $157,982 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| March 2025 | $13.0M | 60-89 days delinquent | 7.06% | not yet reported | not yet reported | not yet reported | $229,328 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| April 2025 | $13.5M | Current | 7.26% | 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 | $13.0M | 90+ days delinquent | 7.06% | not yet reported | not yet reported | not yet reported | $384,762 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2025 | $13.0M | 90+ days delinquent | 7.06% | not yet reported | not yet reported | not yet reported | $463,752 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2025 | $13.0M | 90+ days delinquent | 7.06% | 1.07 | 1.07 | 65% | $540,195 | 03-31-2025 | $8.0M | $3.9M | $4.1M | $4.1M |
| August 2025 | $13.0M | 90+ days delinquent | 7.06% | 1.07 | 1.07 | 65% | $599,438 | 03-31-2025 | $8.0M | $3.9M | $4.1M | $4.1M |
| September 2025 | $13.0M | 90+ days delinquent | 7.06% | 1.07 | 1.07 | 65% | $658,681 | 03-31-2025 | $8.0M | $3.9M | $4.1M | $4.1M |
| October 2025 | $13.0M | 90+ days delinquent | 7.06% | 1.07 | 1.07 | 65% | $716,013 | 03-31-2025 | $8.0M | $3.9M | $4.1M | $4.1M |
| November 2025 | $13.0M | 90+ days delinquent | 7.06% | 1.07 | 1.07 | 65% | $775,256 | 03-31-2025 | $8.0M | $3.9M | $4.1M | $4.1M |
| December 2025 | $13.0M | 90+ days delinquent | 7.06% | 1.07 | 1.07 | 65% | $832,588 | 03-31-2025 | $8.0M | $3.9M | $4.1M | $4.1M |
| January 2026 | $13.0M | 90+ days delinquent | 7.06% | 1.07 | 1.07 | 65% | $891,832 | 03-31-2025 | $8.0M | $3.9M | $4.1M | $4.1M |
| February 2026 | $13.0M | 90+ days delinquent | 7.06% | 1.07 | 1.07 | 65% | $951,075 | 03-31-2025 | $8.0M | $3.9M | $4.1M | $4.1M |
| March 2026 | $13.0M | 90+ days delinquent | 7.06% | 1.07 | 1.07 | 65% | $1.0M | 03-31-2025 | $8.0M | $3.9M | $4.1M | $4.1M |
| April 2026 | $13.0M | 90+ days delinquent | 7.06% | 1.07 | 1.07 | 65% | $1.1M | 03-31-2025 | $8.0M | $3.9M | $4.1M | $4.1M |
| May 2026 | $13.0M | 90+ days delinquent | 7.06% | 1.07 | 1.07 | 65% | $1.1M | 03-31-2025 | $8.0M | $3.9M | $4.1M | $4.1M |
| June 2026 | $13.0M | 90+ days delinquent | 7.06% | 1.07 | 1.07 | 65% | $1.1M | 03-31-2025 | $8.0M | $3.9M | $4.1M | $4.1M |
| July 2026 | $13.0M | 90+ days delinquent | 7.06% | 1.07 | 1.07 | 65% | $1.1M | 03-31-2025 | $8.0M | $3.9M | $4.1M | $4.1M |
| August 2026 | $13.0M | 90+ days delinquent | 7.06% | 1.07 | 1.07 | 65% | $1.1M | 03-31-2025 | $8.0M | $3.9M | $4.1M | $4.1M |
| September 2026 | $13.0M | 90+ days delinquent | 7.06% | 1.07 | 1.07 | 65% | $1.1M | 03-31-2025 | $8.0M | $3.9M | $4.1M | $4.1M |
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 |
|---|---|
| January 2025 | First reported 30 or more days delinquent |
| 2025-02-19 | Transferred to the special servicer |
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: BBCMS Mortgage Trust 2024-C26; BMO 2024-5C4 Mortgage Trust; Wells Fargo Commercial Mortgage Trust 2024-5C2.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.