← BBCMS Mortgage Trust 2022-C18 · Loan annex · CMBS market
- Deal
- BBCMS Mortgage Trust 2022-C18
- Current balance
- $64.2M (September 2026)
- Share of deal
- 8.2%
- Status
- Current
- DSCR (latest)
- 0.99
- Occupancy (latest)
- 100%
- Scheduled maturity
- 2032-11-06
Property and terms
| Property | Converse Plaza (and 13 more properties) |
| Address | 1200 East Main Street; 2401 Reidville Road; 3700,3810,3902-3912 Two Notch Road; 9003 Two Notch Road; 1641-1667 East Dixon Blvd; 5440 and 6500 US Highway 90 West; 630, 610-612 Chesnee Hwy; 100 North Town Drive; 140 Fernwood Drive; 6209-6275 US Highway 90; 1731 & 1735 John B White Sr Blvd; 4324 Lillian Highway; 110 Garner Road; 1564 Asheville Highway; Spartanburg, SC (and 13 more) 29307 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | not yet reported |
| Year built | not yet reported |
| Year last renovated | ["2018", "1986"] |
| Original balance | $65.5M |
| Current balance | $64.2M (September 2026) |
| Share of deal balance | 8.2% |
| Interest rate at origination | 0.06% |
| Current interest rate | 6.41% |
| Origination date | 10-25-2022 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | 24 months |
| Scheduled maturity | 2032-11-06 |
| Prepayment lockout end | 04-05-2023 |
| Yield maintenance end | 08-05-2032 |
| Servicer | Midland |
| Loan servicer | not yet reported |
| Originator | Starwood Mortgage Capital LLC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $94.0M | not yet reported | MAI |
| Most recent reported | not yet reported | not yet reported | ["MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI"] |
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Planet Fitness Assetco, LLC dba Planet Fitness | not yet reported | ["06-30-2029", "08-31-2028", "04-15-2027", "12-31-2033", "11-30-2032", "01-31-2029", "05-31-2031", "12-31-2031", "04-30-2038", "03-31-2031", "11-30-2035", "08-11-2028", "04-30-2027", "04-30-2027"] |
| The Fresh Market #014 | not yet reported | ["01-31-2028", "09-30-2032", "05-31-2033", "01-31-2027", "03-08-2036", "02-28-2031", "12-31-2031", "08-31-2034", "06-30-2034", "01-31-2027", "02-28-2027", "01-31-2027", "12-31-2027", "04-30-2030"] |
| Spartanburg Regional Health Services | not yet reported | ["01-31-2028", "08-31-2030", "12-31-2027", "08-31-2029", "07-31-2035", "08-17-2029", "04-30-2027", "10-31-2028", "04-30-2030", "04-30-2030", "06-30-2031", "06-30-2028", "06-30-2030"] |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| December 2022 | $65.5M | Current | 6.41% | 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 |
| January 2023 | $65.5M | Current | 6.41% | 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 2023 | $65.5M | Current | 6.41% | 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 2023 | $65.5M | Current | 6.41% | 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 2023 | $65.5M | Current | 6.41% | 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 2023 | $65.5M | Current | 6.41% | 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 | $65.5M | Current | 6.41% | 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 | $65.5M | Current | 6.41% | 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 | $65.5M | Current | 6.41% | 1.17 | 1.31 | 100% | $0 | 03-31-2023 | $2.2M | $846,270 | $1.4M | $1.2M |
| September 2023 | $65.5M | Matured balloon, non-performing | 6.41% | 1.02 | 1.16 | 100% | $361,401 | 06-30-2023 | $8.8M | $3.8M | $4.9M | $4.3M |
| October 2023 | $65.5M | Current | 6.41% | 1.02 | 1.16 | 100% | $0 | 06-30-2023 | $8.8M | $3.8M | $4.9M | $4.3M |
| November 2023 | $65.5M | Current | 6.41% | 1.02 | 1.16 | 100% | $0 | 06-30-2023 | $8.8M | $3.8M | $4.9M | $4.3M |
| December 2023 | $65.5M | Current | 6.41% | 1.03 | 1.11 | 100% | $0 | 09-30-2023 | $8.6M | $3.9M | $4.7M | $4.4M |
| January 2024 | $65.5M | Current | 6.41% | 1.03 | 1.11 | 100% | $0 | 09-30-2023 | $8.6M | $3.9M | $4.7M | $4.4M |
| February 2024 | $65.5M | Current | 6.41% | 1.03 | 1.11 | 100% | $0 | 09-30-2023 | $8.6M | $3.9M | $4.7M | $4.4M |
| March 2024 | $65.5M | Current | 6.41% | 1.03 | 1.11 | 100% | $0 | 09-30-2023 | $8.6M | $3.9M | $4.7M | $4.4M |
| April 2024 | $65.5M | Current | 6.41% | 1.03 | 1.11 | 100% | $0 | 09-30-2023 | $8.6M | $3.9M | $4.7M | $4.4M |
| May 2024 | $65.5M | Current | 6.41% | 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 | $65.5M | Current | 6.41% | 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 | $65.5M | Current | 6.41% | 1.03 | 1.11 | 100% | $0 | 01-31-2024 | $8.7M | $3.9M | $4.7M | $4.4M |
| August 2024 | $65.5M | Current | 6.41% | 1.03 | 1.11 | 100% | $0 | 01-31-2024 | $8.7M | $3.9M | $4.7M | $4.4M |
| September 2024 | $65.5M | Current | 6.41% | 1.03 | 1.11 | 100% | $0 | 01-31-2024 | $8.7M | $3.9M | $4.7M | $4.4M |
| October 2024 | $65.5M | Current | 6.41% | 1.13 | 1.21 | 100% | $0 | 06-30-2024 | $8.7M | $3.6M | $5.2M | $4.8M |
| November 2024 | $65.5M | Current | 6.41% | 1.13 | 1.21 | 100% | $0 | 06-30-2024 | $8.7M | $3.6M | $5.2M | $4.8M |
| December 2024 | $65.4M | Current | 6.41% | 1.13 | 1.21 | 100% | $0 | 06-30-2024 | $8.7M | $3.6M | $5.2M | $4.8M |
| January 2025 | $65.4M | Current | 6.41% | 1.03 | 1.11 | 100% | $0 | 09-30-2024 | $8.2M | $3.4M | $4.7M | $4.4M |
| February 2025 | $65.3M | Current | 6.41% | 1.03 | 1.11 | 100% | $0 | 09-30-2024 | $8.2M | $3.4M | $4.7M | $4.4M |
| March 2025 | $65.3M | Current | 6.41% | 1.03 | 1.11 | 100% | $0 | 09-30-2024 | $8.2M | $3.4M | $4.7M | $4.4M |
| April 2025 | $65.2M | Current | 6.41% | 1.03 | 1.11 | 100% | $0 | 09-30-2024 | $8.2M | $3.4M | $4.7M | $4.4M |
| May 2025 | $65.1M | Current | 6.41% | 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 2025 | $65.1M | Current | 6.41% | 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 2025 | $65.0M | Current | 6.41% | 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 2025 | $65.0M | Current | 6.41% | 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 2025 | $64.9M | Current | 6.41% | 0.97 | 1.04 | 100% | $0 | 06-30-2025 | $8.8M | $3.7M | $5.1M | $4.8M |
| October 2025 | $64.9M | Current | 6.41% | 0.97 | 1.04 | 100% | $0 | 06-30-2025 | $8.8M | $3.7M | $5.1M | $4.8M |
| November 2025 | $64.8M | Current | 6.41% | 0.97 | 1.04 | 100% | $0 | 06-30-2025 | $8.8M | $3.7M | $5.1M | $4.8M |
| December 2025 | $64.8M | Current | 6.41% | 1.04 | 1.11 | 100% | $0 | 09-30-2025 | $8.9M | $3.4M | $5.5M | $5.1M |
| January 2026 | $64.7M | Current | 6.41% | 1.04 | 1.11 | 100% | $0 | 09-30-2025 | $8.9M | $3.4M | $5.5M | $5.1M |
| February 2026 | $64.6M | Current | 6.41% | 0.99 | 1.06 | not yet reported | $0 | 12-31-2025 | $8.9M | $3.7M | $5.2M | $4.9M |
| March 2026 | $64.6M | Current | 6.41% | 0.99 | 1.06 | 100% | $0 | 12-31-2025 | $8.9M | $3.7M | $5.2M | $4.9M |
| April 2026 | $64.5M | Current | 6.41% | 0.99 | 1.06 | 100% | $0 | 12-31-2025 | $8.9M | $3.7M | $5.2M | $4.9M |
| May 2026 | $64.4M | Current | 6.41% | 1.08 | 1.15 | 100% | $0 | 03-31-2026 | $2.2M | $796,638 | $1.4M | $1.3M |
| June 2026 | $64.4M | Current | 6.41% | 1.08 | 1.15 | 100% | $0 | 03-31-2026 | $2.2M | $796,638 | $1.4M | $1.3M |
| July 2026 | $64.3M | Current | 6.41% | 1.08 | 1.15 | 100% | $0 | 03-31-2026 | $2.2M | $796,638 | $1.4M | $1.3M |
| August 2026 | $64.3M | Current | 6.41% | 1.08 | 1.15 | 100% | $0 | 03-31-2026 | $2.2M | $796,638 | $1.4M | $1.3M |
| September 2026 | $64.2M | Current | 6.41% | 0.99 | 1.06 | 100% | $0 | 06-30-2026 | $8.7M | $3.5M | $5.2M | $4.9M |
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 |
|---|---|
| 2024-10-09 | Loan modified (rate after modification 0.00%; maturity after modification 2032-11-06; payment after modification $0) |
| 2025-09-30 | Loan modified (rate after modification 0.00%; maturity after modification 2032-11-06) |
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.