← 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
- $40.0M (March 2026)
- Share of deal
- 4.1%
- Status
- Current
- DSCR (latest)
- 2.71
- Occupancy (latest)
- 90%
- Scheduled maturity
- 2027-08-09
Property and terms
| Property | COLORADO CENTER |
| Address | 2401, 2425, 2501 AND 2525 COLORADO AVENUE; 2400, 2450 AND 2500 BROADWAY; Santa Monica, CA 90404 |
| Property type | Office |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 1,176,161 |
| Year built | 1984 |
| Year last renovated | 2016 |
| Original balance | $40.0M |
| Current balance | $40.0M (March 2026) |
| Share of deal balance | 4.1% |
| Interest rate at origination | 3.56% |
| Current interest rate | 3.56% |
| Origination date | 07-28-2017 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2027-08-09 |
| Prepayment lockout end | 02-08-2027 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | Morgan Stanley Bank, N.A.; Wells Fargo Bank, National Association; Deutsche Bank AG, New York Branch |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $1.21B | 07-10-2017 | MAI |
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Hulu LLC | 349,913 | 02-28-2029 |
| Edmunds.com Inc. | 195,594 | 01-31-2028 |
| Rubin Postaer and Associates | 186,894 | 06-30-2033 |
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 | $40.0M | Current | 3.56% | 2.71 | 2.88 | 90% | $0 | 12-31-2025 | $83.3M | $26.0M | $57.2M | $53.8M |
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.
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; CD 2017-CD6 Mortgage Trust; COMM 2017-COR2 Mortgage Trust.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.