← BBCMS Mortgage Trust 2022-C15 · Loan annex · CMBS market
- Deal
- BBCMS Mortgage Trust 2022-C15
- Current balance
- $20.8M (September 2026)
- Share of deal
- 2.0%
- Status
- 90+ days delinquent
- DSCR (latest)
- not yet reported
- Occupancy (latest)
- not yet reported
- Scheduled maturity
- 2032-04-06
Property and terms
| Property | VVF |
| Address | 5177 Spring Grove Avenue; Cincinnati, OH 45217 |
| Property type | Industrial |
| Units, beds or keys | not yet reported |
| Net rentable square feet | not yet reported |
| Year built | 1888 |
| Year last renovated | 2005 |
| Original balance | $20.8M |
| Current balance | $20.8M (September 2026) |
| Share of deal balance | 2.0% |
| Interest rate at origination | 4.80% |
| Current interest rate | 4.80% |
| Origination date | 03-11-2022 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2032-04-06 |
| Prepayment lockout end | 01-05-2032 |
| Yield maintenance end | not yet reported |
| Servicer | Midland Loan Services |
| Loan servicer | not yet reported |
| Originator | Bank of Montreal |
| Current status | 90+ days delinquent |
| Specially serviced now | Yes |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $35.9M | 01-31-2022 | MAI |
| Most recent reported | $28.8M | 2026-03-12 | MAI |
Change from securitization to the most recent reported valuation: -19.8%.
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| B&G Foods North America, Inc. | 638,595 | not yet reported |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| April 2022 | $20.8M | Matured balloon, performing | 4.80% | 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 | $20.8M | Current | 4.80% | 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 | $20.8M | Current | 4.80% | 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 | $20.8M | Current | 4.80% | 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 |
| August 2022 | $20.8M | Current | 4.80% | 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 |
| September 2022 | $20.8M | Current | 4.80% | 0.74 | 0.95 | 100% | $0 | 06-30-2022 | $973,176 | $38,927 | $934,249 | $729,899 |
| October 2022 | $20.8M | Current | 4.80% | 1.64 | 1.84 | 100% | $0 | 06-30-2022 | $1.9M | $77,854 | $1.9M | $1.7M |
| November 2022 | $20.8M | Current | 4.80% | 1.64 | 1.84 | 100% | $0 | 06-30-2022 | $1.9M | $77,854 | $1.9M | $1.7M |
| December 2022 | $20.8M | Current | 4.80% | 1.92 | 2.12 | 100% | $0 | 09-30-2022 | $2.2M | $89,589 | $2.2M | $1.9M |
| January 2023 | $20.8M | Current | 4.80% | 1.92 | 2.12 | 100% | $0 | 09-30-2022 | $2.2M | $89,589 | $2.2M | $1.9M |
| February 2023 | $20.8M | Current | 4.80% | 1.92 | 2.12 | 100% | $0 | 09-30-2022 | $2.2M | $89,589 | $2.2M | $1.9M |
| March 2023 | $20.8M | Current | 4.80% | 2.34 | 2.54 | 100% | $0 | 12-31-2022 | $5.1M | $2.5M | $2.6M | $2.4M |
| April 2023 | $20.8M | Current | 4.80% | 2.34 | 2.54 | 100% | $0 | 12-31-2022 | $5.1M | $2.5M | $2.6M | $2.4M |
| May 2023 | $20.8M | Current | 4.80% | 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 2023 | $20.8M | Current | 4.80% | 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 2023 | $20.8M | Current | 4.80% | 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 |
| August 2023 | $20.8M | Current | 4.80% | 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 |
| September 2023 | $20.8M | Current | 4.80% | 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 |
| October 2023 | $20.8M | Matured balloon, non-performing | 4.80% | 3.02 | 3.22 | 100% | $83,237 | 06-30-2023 | $6.1M | $2.8M | $3.3M | $3.1M |
| November 2023 | $20.8M | Current | 4.80% | 3.02 | 3.22 | 100% | $0 | 06-30-2023 | $6.1M | $2.8M | $3.3M | $3.1M |
| December 2023 | $20.8M | Matured balloon, non-performing | 4.80% | 2.47 | 2.67 | 100% | $83,237 | 09-30-2023 | $2.8M | $97,737 | $2.7M | $2.5M |
| January 2024 | $20.8M | Matured balloon, non-performing | 4.80% | 2.47 | 2.67 | 100% | $86,011 | 09-30-2023 | $2.8M | $97,737 | $2.7M | $2.5M |
| February 2024 | $20.8M | 30-59 days delinquent | 4.80% | 2.47 | 2.67 | 100% | $172,022 | 09-30-2023 | $2.8M | $97,737 | $2.7M | $2.5M |
| March 2024 | $20.8M | 60-89 days delinquent | 4.80% | 2.47 | 2.67 | 100% | $252,484 | 09-30-2023 | $2.8M | $97,737 | $2.7M | $2.5M |
| April 2024 | $20.8M | 90+ days delinquent | 4.80% | 2.49 | 2.69 | 100% | $338,496 | 12-31-2023 | $2.8M | $102,727 | $2.7M | $2.5M |
| May 2024 | $20.8M | 60-89 days delinquent | 4.80% | not yet reported | not yet reported | not yet reported | $249,710 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2024 | $20.8M | 90+ days delinquent | 4.80% | not yet reported | not yet reported | not yet reported | $335,721 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2024 | $20.8M | 60-89 days delinquent | 4.80% | 2.48 | 2.68 | 100% | $252,484 | 03-31-2024 | $708,806 | $28,739 | $680,067 | $628,979 |
| August 2024 | $20.8M | 60-89 days delinquent | 4.80% | 2.48 | 2.68 | 100% | $255,259 | 03-31-2024 | $708,806 | $28,739 | $680,067 | $628,979 |
| September 2024 | $20.8M | 60-89 days delinquent | 4.80% | 2.48 | 2.68 | 100% | $255,259 | 03-31-2024 | $708,806 | $28,739 | $680,067 | $628,979 |
| October 2024 | $20.8M | 30-59 days delinquent | 4.80% | 2.48 | 2.68 | 100% | $169,248 | 03-31-2024 | $708,806 | $28,739 | $680,067 | $628,979 |
| November 2024 | $20.8M | 30-59 days delinquent | 4.80% | 2.48 | 2.68 | 100% | $169,248 | 03-31-2024 | $708,806 | $28,739 | $680,067 | $628,979 |
| December 2024 | $20.8M | 60-89 days delinquent | 4.80% | 2.48 | 2.68 | 100% | $252,484 | 03-31-2024 | $708,806 | $28,739 | $680,067 | $628,979 |
| January 2025 | $20.8M | 90+ days delinquent | 4.80% | 2.48 | 2.68 | 100% | $338,496 | 03-31-2024 | $708,806 | $28,739 | $680,067 | $628,979 |
| February 2025 | $20.8M | 90+ days delinquent | 4.80% | -0.68 | -0.48 | not yet reported | $424,507 | 09-30-2024 | $3,291 | $490,736 | $-487,445 | $-691,795 |
| March 2025 | $20.8M | 90+ days delinquent | 4.80% | -0.68 | -0.48 | not yet reported | $502,194 | 09-30-2024 | $3,291 | $490,736 | $-487,445 | $-691,795 |
| April 2025 | $20.8M | 90+ days delinquent | 4.80% | -0.68 | -0.48 | not yet reported | $588,205 | 09-30-2024 | $3,291 | $490,736 | $-487,445 | $-691,795 |
| May 2025 | $20.8M | 90+ days delinquent | 4.80% | not yet reported | not yet reported | not yet reported | $671,442 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2025 | $20.8M | 90+ days delinquent | 4.80% | not yet reported | not yet reported | not yet reported | $757,453 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2025 | $20.8M | 90+ days delinquent | 4.80% | not yet reported | not yet reported | not yet reported | $840,690 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2025 | $20.8M | 90+ days delinquent | 4.80% | not yet reported | not yet reported | not yet reported | $905,198 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| September 2025 | $20.8M | 90+ days delinquent | 4.80% | not yet reported | not yet reported | not yet reported | $991,209 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| October 2025 | $20.8M | 90+ days delinquent | 4.80% | not yet reported | not yet reported | not yet reported | $1.1M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| November 2025 | $20.8M | 90+ days delinquent | 4.80% | not yet reported | not yet reported | not yet reported | $1.2M | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| December 2025 | $20.8M | Matured balloon, non-performing | 4.80% | not yet reported | not yet reported | not yet reported | $83,237 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| January 2026 | $20.8M | Current | 4.80% | 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 |
| February 2026 | $20.8M | Matured balloon, non-performing | 4.80% | -1.65 | -1.45 | not yet reported | $86,011 | 09-30-2025 | not yet reported | $1.5M | $-1.5M | $-1.7M |
| March 2026 | $20.8M | Current | 4.80% | -1.65 | -1.45 | not yet reported | $0 | 09-30-2025 | not yet reported | $1.5M | $-1.5M | $-1.7M |
| April 2026 | $20.8M | Matured balloon, non-performing | 4.80% | -1.65 | -1.45 | not yet reported | $86,011 | 09-30-2025 | not yet reported | $1.5M | $-1.5M | $-1.7M |
| May 2026 | $20.8M | 30-59 days delinquent | 4.80% | not yet reported | not yet reported | not yet reported | $169,248 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2026 | $20.8M | 30-59 days delinquent | 4.80% | not yet reported | not yet reported | not yet reported | $169,248 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2026 | $20.8M | 60-89 days delinquent | 4.80% | not yet reported | not yet reported | not yet reported | $252,484 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2026 | $20.8M | 90+ days delinquent | 4.80% | not yet reported | not yet reported | not yet reported | $338,496 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| September 2026 | $20.8M | 90+ days delinquent | 4.80% | not yet reported | not yet reported | not yet reported | $424,507 | 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 |
|---|---|
| February 2024 | First reported 30 or more days delinquent |
| 2024-06-06 | Transferred to the special servicer |
| 2025-05-06 | Loan modified (rate after modification 0.00%; maturity after modification 2032-04-06) |
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.