← Wells Fargo Commercial Mortgage Trust 2024-C63 (segment D02, CIK 2029929) · Loan annex · CMBS market
- Deal
- Wells Fargo Commercial Mortgage Trust 2024-C63 (segment D02, CIK 2029929)
- Current balance
- $100.0M (March 2026)
- Share of deal
- 10.4%
- Status
- 90+ days delinquent
- DSCR (latest)
- 0.36
- Occupancy (latest)
- 42%
- Scheduled maturity
- 2027-11-01
Property and terms
| Property | PARK SQUARE |
| Address | 31 SAINT JAMES AVENUE; Boston, MA 02116 |
| Property type | Office |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 503,312 |
| Year built | 1910 |
| Year last renovated | 2017 |
| Original balance | $100.0M |
| Current balance | $100.0M (March 2026) |
| Share of deal balance | 10.4% |
| Interest rate at origination | 4.15% |
| Current interest rate | 4.15% |
| Origination date | 10-13-2017 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2027-11-01 |
| Prepayment lockout end | 11-30-2019 |
| Yield maintenance end | 07-31-2027 |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | Bank of America, N.A. |
| Current status | 90+ days delinquent |
| Specially serviced now | Yes |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $281.0M | 08-09-2017 | MAI |
| Most recent reported | $125.0M | 2024-10-29 | MAI |
Change from securitization to the most recent reported valuation: -55.5%.
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| HNTB Corporation | 30,637 | 12-31-2027 |
| ANAQUA INC | 26,077 | 10-31-2026 |
| HERCULES CAPITAL INC | 18,302 | 08-31-2031 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| March 2026 | $100.0M | 90+ days delinquent | 4.15% | 0.36 | 0.36 | 42% | $3.8M | 09-30-2025 | $12.4M | $9.9M | $2.4M | $2.4M |
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 |
|---|---|
| 2024-09-13 | Transferred to the special servicer |
| March 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 2017-BNK8; Bank 2017-BNK9.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.