← BBCMS Mortgage Trust 2022-C14 · Loan annex · CMBS market
- Deal
- BBCMS Mortgage Trust 2022-C14
- Current balance
- $33.6M (September 2026)
- Share of deal
- 3.9%
- Status
- 90+ days delinquent
- DSCR (latest)
- not yet reported
- Occupancy (latest)
- not yet reported
- Scheduled maturity
- 2032-01-06
Property and terms
| Property | Chicago Business Center |
| Address | 2600 W. 35th Street; Chicago, IL 60632 |
| Property type | Industrial |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 671,696 |
| Year built | 1927 |
| Year last renovated | not yet reported |
| Original balance | $35.3M |
| Current balance | $33.6M (September 2026) |
| Share of deal balance | 3.9% |
| Interest rate at origination | 4.03% |
| Current interest rate | 4.03% |
| Origination date | 01-06-2022 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | not yet reported |
| Scheduled maturity | 2032-01-06 |
| Prepayment lockout end | 10-05-2031 |
| Yield maintenance end | not yet reported |
| Servicer | Midland Loan Services |
| Loan servicer | not yet reported |
| Originator | BSPRT CMBS Finance, LLC |
| Current status | 90+ days delinquent |
| Specially serviced now | Yes |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $49.0M | 11-04-2021 | MAI |
| Most recent reported | $31.0M | 2025-08-01 | MAI |
Change from securitization to the most recent reported valuation: -36.7%.
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| READ Prod Studios | 97,941 | 04-17-2027 |
| Villegas Furniture II, Inc. | 95,895 | 04-30-2031 |
| Amberleaf Cabinetry Inc. | 59,700 | 09-30-2026 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| February 2022 | $35.2M | Current | 4.03% | 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 |
| March 2022 | $35.2M | Current | 4.03% | 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 |
| April 2022 | $35.1M | Current | 4.03% | 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 2022 | $35.1M | Current | 4.03% | 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 |
| June 2022 | $35.0M | Current | 4.03% | 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 |
| July 2022 | $35.0M | Current | 4.03% | 1.61 | 1.78 | 100% | $0 | 03-31-2022 | $1.2M | $297,092 | $902,946 | $818,221 |
| August 2022 | $34.9M | Current | 4.03% | 1.68 | 1.84 | 100% | $0 | 06-30-2022 | $4.9M | $1.2M | $3.7M | $3.4M |
| September 2022 | $34.9M | Current | 4.03% | 1.68 | 1.84 | 100% | $0 | 06-30-2022 | $4.9M | $1.2M | $3.7M | $3.4M |
| October 2022 | $34.8M | Current | 4.03% | 1.68 | 1.84 | 100% | $0 | 06-30-2022 | $4.9M | $1.2M | $3.7M | $3.4M |
| November 2022 | $34.8M | Current | 4.03% | 1.63 | 1.79 | 96% | $0 | 09-30-2022 | $4.8M | $1.2M | $3.6M | $3.3M |
| December 2022 | $34.7M | Current | 4.03% | 1.63 | 1.79 | 96% | $0 | 09-30-2022 | $4.8M | $1.2M | $3.6M | $3.3M |
| January 2023 | $34.7M | Current | 4.03% | 1.63 | 1.79 | 96% | $0 | 09-30-2022 | $4.8M | $1.2M | $3.6M | $3.3M |
| February 2023 | $34.6M | Current | 4.03% | 1.46 | 1.63 | 97% | $0 | 12-31-2022 | $4.8M | $1.5M | $3.3M | $3.0M |
| March 2023 | $34.6M | Current | 4.03% | 1.46 | 1.63 | 97% | $0 | 12-31-2022 | $4.8M | $1.5M | $3.3M | $3.0M |
| April 2023 | $34.5M | Current | 4.03% | 1.46 | 1.63 | 97% | $0 | 12-31-2022 | $4.8M | $1.5M | $3.3M | $3.0M |
| May 2023 | $34.5M | Current | 4.03% | 1.32 | 1.49 | 98% | $0 | 03-31-2023 | $1.2M | $491,990 | $755,475 | $670,750 |
| June 2023 | $34.4M | Current | 4.03% | 1.32 | 1.49 | 98% | $0 | 03-31-2023 | $1.2M | $491,990 | $755,475 | $670,750 |
| July 2023 | $34.4M | Current | 4.03% | 1.32 | 1.49 | 98% | $0 | 03-31-2023 | $1.2M | $491,990 | $755,475 | $670,750 |
| August 2023 | $34.3M | Current | 4.03% | 1.66 | 1.82 | 98% | $0 | 06-30-2023 | $5.3M | $1.6M | $3.7M | $3.4M |
| September 2023 | $34.3M | Current | 4.03% | 1.66 | 1.82 | 98% | $0 | 06-30-2023 | $5.3M | $1.6M | $3.7M | $3.4M |
| October 2023 | $34.2M | Current | 4.03% | 1.66 | 1.82 | 98% | $0 | 06-30-2023 | $5.3M | $1.6M | $3.7M | $3.4M |
| November 2023 | $34.2M | Current | 4.03% | 1.66 | 1.82 | 98% | $0 | 06-30-2023 | $5.3M | $1.6M | $3.7M | $3.4M |
| December 2023 | $34.1M | Current | 4.03% | 1.72 | 1.89 | 98% | $0 | 09-30-2023 | $5.4M | $1.6M | $3.8M | $3.5M |
| January 2024 | $34.1M | Current | 4.03% | 1.72 | 1.89 | 98% | $0 | 09-30-2023 | $5.4M | $1.6M | $3.8M | $3.5M |
| February 2024 | $34.0M | Current | 4.03% | 1.68 | 1.85 | 98% | $0 | 12-31-2023 | $5.3M | $1.5M | $3.8M | $3.4M |
| March 2024 | $33.9M | Current | 4.03% | 1.68 | 1.85 | 98% | $0 | 12-31-2023 | $5.3M | $1.5M | $3.8M | $3.4M |
| April 2024 | $33.9M | Current | 4.03% | 1.68 | 1.85 | 98% | $0 | 12-31-2023 | $5.3M | $1.5M | $3.8M | $3.4M |
| May 2024 | $33.8M | Current | 4.03% | 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 |
| June 2024 | $33.8M | Current | 4.03% | 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 |
| July 2024 | $33.7M | Current | 4.03% | 1.57 | 1.74 | 98% | $0 | 03-31-2024 | $1.2M | $367,552 | $879,913 | $795,188 |
| August 2024 | $33.7M | Matured balloon, non-performing | 4.03% | 1.57 | 1.74 | 98% | $168,868 | 03-31-2024 | $1.2M | $367,552 | $879,913 | $795,188 |
| September 2024 | $33.7M | Matured balloon, non-performing | 4.03% | 1.57 | 1.74 | 98% | $168,868 | 03-31-2024 | $1.2M | $367,552 | $879,913 | $795,188 |
| October 2024 | $33.6M | Matured balloon, non-performing | 4.03% | 1.57 | 1.74 | 98% | $168,871 | 03-31-2024 | $1.2M | $367,552 | $879,913 | $795,188 |
| November 2024 | $33.6M | 30-59 days delinquent | 4.03% | 1.57 | 1.74 | 98% | $337,740 | 03-31-2024 | $1.2M | $367,552 | $879,913 | $795,188 |
| December 2024 | $33.6M | 60-89 days delinquent | 4.03% | 1.57 | 1.74 | 98% | $506,611 | 03-31-2024 | $1.2M | $367,552 | $879,913 | $795,188 |
| January 2025 | $33.6M | 90+ days delinquent | 4.03% | 1.57 | 1.74 | 98% | $675,480 | 03-31-2024 | $1.2M | $367,552 | $879,913 | $795,188 |
| February 2025 | $33.6M | 90+ days delinquent | 4.03% | 1.57 | 1.74 | 98% | $844,349 | 03-31-2024 | $1.2M | $367,552 | $879,913 | $795,188 |
| March 2025 | $33.6M | 90+ days delinquent | 4.03% | 1.57 | 1.74 | 98% | $1.0M | 03-31-2024 | $1.2M | $367,552 | $879,913 | $795,188 |
| April 2025 | $33.6M | 90+ days delinquent | 4.03% | 1.57 | 1.74 | 98% | $1.2M | 03-31-2024 | $1.2M | $367,552 | $879,913 | $795,188 |
| May 2025 | $33.6M | 90+ days delinquent | 4.03% | not yet reported | not yet reported | not yet reported | $1.4M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2025 | $33.6M | 90+ days delinquent | 4.03% | not yet reported | not yet reported | not yet reported | $1.5M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2025 | $33.6M | 90+ days delinquent | 4.03% | not yet reported | not yet reported | not yet reported | $1.7M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2025 | $33.6M | 90+ days delinquent | 4.03% | not yet reported | not yet reported | not yet reported | $1.9M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| September 2025 | $33.6M | 90+ days delinquent | 4.03% | not yet reported | not yet reported | not yet reported | $2.0M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| October 2025 | $33.6M | 90+ days delinquent | 4.03% | not yet reported | not yet reported | not yet reported | $2.2M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| November 2025 | $33.6M | 90+ days delinquent | 4.03% | not yet reported | not yet reported | not yet reported | $2.4M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| December 2025 | $33.6M | 90+ days delinquent | 4.03% | not yet reported | not yet reported | not yet reported | $2.5M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| January 2026 | $33.6M | 90+ days delinquent | 4.03% | not yet reported | not yet reported | not yet reported | $2.7M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| February 2026 | $33.6M | 90+ days delinquent | 4.03% | not yet reported | not yet reported | not yet reported | $2.8M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| March 2026 | $33.6M | 90+ days delinquent | 4.03% | not yet reported | not yet reported | not yet reported | $3.0M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| April 2026 | $33.6M | 90+ days delinquent | 4.03% | not yet reported | not yet reported | not yet reported | $3.1M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| May 2026 | $33.6M | 90+ days delinquent | 4.03% | not yet reported | not yet reported | not yet reported | $3.2M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2026 | $33.6M | 90+ days delinquent | 4.03% | not yet reported | not yet reported | not yet reported | $3.4M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2026 | $33.6M | 90+ days delinquent | 4.03% | not yet reported | not yet reported | not yet reported | $3.5M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2026 | $33.6M | 90+ days delinquent | 4.03% | not yet reported | not yet reported | not yet reported | $3.7M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| September 2026 | $33.6M | 90+ days delinquent | 4.03% | not yet reported | not yet reported | not yet reported | $3.8M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
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 |
|---|---|
| November 2024 | First reported 30 or more days delinquent |
| 2025-02-06 | Transferred to the special servicer |
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.