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Langdon at Walnut Park

ALERT

12101 N Lamar Blvd, Austin, 78753

Langdon at Walnut Park property photo
Photo · Google
Whole-loan balance
$55,000,000
DSCR
0.84x
Units
277
Year built
2018
Maturity
09/06/2029
Filed
09/29/2026

Why ALERT

  • Appraised value down 30%+ from securitization

Reported cash flow covers 84% of scheduled debt service, a 16% shortfall.

Debt, performance and valuation

Program
CMBS
Servicer
KeyBank Real Estate Capital
Trust
BBCMS Mortgage Trust 2024-5C29
Servicing status
Specially serviced
Workout strategy
Deed in lieu of foreclosure
Remit month
09/01/2026
Whole-loan balance
$55,000,000
This note balance
$55,000,000
Latest disclosed value
$55,500,000
Value at securitization
$90,100,000
Value mark
38.4% below securitization
Whole-loan disclosed value
$55,500,000
Debt / disclosed value
99.1%
Debt per unit
$198,556

Disclosed values are dated reference points, not current sale prices. Whole-loan debt combines linked notes; incomplete balances are shown as n/a.

Property

County
Travis
Metro
Austin-Round Rock-San Marcos, TX
Class
A-
Year renovated
2023

Servicer outreach considerations

Reference BBCMS Mortgage Trust 2024-5C29 and Langdon at Walnut Park. Ask the servicer desk whether a note sale, discounted payoff or property sale is being considered, and who controls that decision.

The reported workout strategy is not confirmation that a transaction is available.

Read the methodology