AL & SC Multifamily Portfolio
In its monthly loan-level report to the SEC for the period ending October 13, 2026 (Form ABS-EE, filed November 2, 2026), BMO 2024-5C7 Mortgage Trust reported the loan secured by AL & SC Multifamily Portfolio in Hoover, AL as in foreclosure. In the trust's previous monthly report the loan was not in foreclosure, bankruptcy or REO.
The same loan is secured by 3 other properties, including The Place at Galleria, Hoover, AL; Silver Creek Apartments, Greenville, SC; Broadway Apartments, Greenville, SC.
This is the loan servicer's report, not a court record: it gives no case number, and it usually trails the underlying event by a month or two. Whether a foreclosure runs through a court depends on the state. CREdocket lists the property and the trust only, never the borrower.
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Other distressed CMBS properties in AL
From the trust's Exhibit 102 asset data file (SEC Regulation AB, Schedule AL), compared with its previous month's file. Figures are as reported by the servicer. Not legal or investment advice. Something wrong here? Tell us and we will correct it.