← BBCMS Mortgage Trust 2023-C22 · Loan annex · CMBS market
- Deal
- BBCMS Mortgage Trust 2023-C22
- Current balance
- $40.0M (September 2026)
- Share of deal
- 5.9%
- Status
- Current
- DSCR (latest)
- 1.43
- Occupancy (latest)
- 91%
- Scheduled maturity
- 2033-10-06
Property and terms
| Property | Twin County Plaza (and 10 more properties) |
| Address | 1043-1091 E. Stuart Drive; 355, 381, 387, 397 Village Drive 477,501 and 505 Village Drive; 1501, 1505, 1519 E. Tipton Street 1521, 1523, 1525, 1527, 1529, 1531, 1537,1539; 13922, 13938, 13900 Wilson Creek Road 13916, 13920 & 13950 Wilson Creek Road; 1204, 1206, 1210 E. Tipton Street 1214,1218, 1224, 1236, 1240, 1244, 1248, 1252,1256; 1443, 1455, 1457 N. Cass Street 1465,1475, 1425, 1483 and 1495; 4717-4747 US Highway 90; 410-732 S. College Avenue; 2052 E. Commercial Avenue; 506 Spaulding Road; 2415 College Avenue; Galax, VA (and 10 more) 24333 |
| 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 | ["2000", "2010", "1996", "2005", "2013"] |
| Original balance | $40.0M |
| Current balance | $40.0M (September 2026) |
| Share of deal balance | 5.9% |
| Interest rate at origination | 6.82% |
| Current interest rate | 6.82% |
| Origination date | 09-08-2023 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2033-10-06 |
| Prepayment lockout end | 05-05-2033 |
| Yield maintenance end | not yet reported |
| Servicer | not yet reported |
| Loan servicer | not yet reported |
| Originator | Bank of Montreal |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $79.1M | 07-31-2023 | MAI |
| Most recent reported | $276.0M | 2023-03-23 | MAI |
Change from securitization to the most recent reported valuation: 248.9%.
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Hobby Lobby #953 (t0000789) | not yet reported | ["09-30-2030", "09-06-2030", "09-30-2032", "06-30-2030", "03-31-2028", "10-31-2035", "04-30-2028", "08-31-2026", "09-30-2029", "10-31-2028", "12-31-2031"] |
| Ollie Bargain Outlet #674 (t0002715) | not yet reported | ["01-31-2032", "01-31-2036", "10-31-2027", "04-30-2033", "06-30-2030", "12-31-2027", "01-31-2030", "08-31-2028", "06-30-2030", "05-31-2030", "11-30-2030"] |
| Tractor Supply Co #1175 (t0000099) | not yet reported | ["06-26-2027", "09-30-2028", "01-31-2032", "01-31-2031", "09-30-2027", "01-31-2030", "07-31-2030", "09-30-2030", "04-30-2029", "08-31-2030", "07-31-2031"] |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| November 2023 | $40.0M | Current | 6.82% | 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 |
| December 2023 | $40.0M | Current | 6.82% | 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 2024 | $40.0M | Current | 6.82% | 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 2024 | $40.0M | Current | 6.82% | 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 2024 | $40.0M | Current | 6.82% | 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 2024 | $40.0M | Current | 6.82% | 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 2024 | $40.0M | Current | 6.82% | 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 | $40.0M | Current | 6.82% | 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 | $40.0M | Current | 6.82% | 2.79 | 3.35 | 87% | $0 | 03-31-2024 | $2.2M | $784,898 | $1.4M | $1.2M |
| August 2024 | $40.0M | Current | 6.82% | 2.79 | 3.35 | 87% | $0 | 03-31-2024 | $2.2M | $784,898 | $1.4M | $1.2M |
| September 2024 | $40.0M | Current | 6.82% | 2.79 | 3.35 | 87% | $0 | 03-31-2024 | $2.2M | $784,898 | $1.4M | $1.2M |
| October 2024 | $40.0M | Current | 6.82% | 1.53 | 1.60 | 85% | $0 | 06-30-2024 | $8.8M | $3.0M | $5.8M | $5.6M |
| November 2024 | $40.0M | Current | 6.82% | 1.53 | 1.60 | 85% | $0 | 06-30-2024 | $8.8M | $3.0M | $5.8M | $5.6M |
| December 2024 | $40.0M | Current | 6.82% | 1.53 | 1.60 | 85% | $0 | 06-30-2024 | $8.8M | $3.0M | $5.8M | $5.6M |
| January 2025 | $40.0M | Current | 6.82% | 1.53 | 1.60 | 85% | $0 | 06-30-2024 | $8.8M | $3.0M | $5.8M | $5.6M |
| February 2025 | $40.0M | Current | 6.82% | 1.53 | 1.60 | 85% | $0 | 06-30-2024 | $8.8M | $3.0M | $5.8M | $5.6M |
| March 2025 | $40.0M | Current | 6.82% | 1.52 | 1.58 | 90% | $0 | 09-30-2024 | $8.8M | $3.0M | $5.8M | $5.6M |
| April 2025 | $40.0M | Current | 6.82% | 1.54 | 1.61 | 90% | $0 | 12-31-2024 | $9.0M | $3.1M | $5.9M | $5.6M |
| May 2025 | $40.0M | Current | 6.82% | 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 | $40.0M | Current | 6.82% | 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 | $40.0M | Current | 6.82% | 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 | $40.0M | Current | 6.82% | 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 | $40.0M | Current | 6.82% | 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 2025 | $40.0M | Current | 6.82% | 1.29 | 1.36 | 90% | $0 | 06-30-2025 | $8.8M | $3.8M | $5.0M | $4.7M |
| November 2025 | $40.0M | Current | 6.82% | 1.29 | 1.36 | 90% | $0 | 06-30-2025 | $8.8M | $3.8M | $5.0M | $4.7M |
| December 2025 | $40.0M | Current | 6.82% | 1.29 | 1.36 | 90% | $0 | 06-30-2025 | $8.8M | $3.8M | $5.0M | $4.7M |
| January 2026 | $40.0M | Current | 6.82% | 1.32 | 1.39 | 90% | $0 | 09-30-2025 | $8.8M | $3.7M | $5.1M | $4.8M |
| February 2026 | $40.0M | Current | 6.82% | 1.32 | 1.39 | 90% | $0 | 09-30-2025 | $8.8M | $3.7M | $5.1M | $4.8M |
| March 2026 | $40.0M | Current | 6.82% | 1.33 | 1.39 | 90% | $0 | 12-31-2025 | $8.8M | $3.7M | $5.1M | $4.9M |
| April 2026 | $40.0M | Current | 6.82% | 1.33 | 1.39 | 90% | $0 | 12-31-2025 | $8.8M | $3.7M | $5.1M | $4.9M |
| May 2026 | $40.0M | Current | 6.82% | 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 2026 | $40.0M | Current | 6.82% | 1.43 | 1.50 | 90% | $0 | 03-31-2026 | $2.2M | $829,223 | $1.4M | $1.3M |
| July 2026 | $29.9M | Current | 6.99% | 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 2026 | $40.0M | Current | 6.82% | 1.43 | 1.50 | 90% | $0 | 03-31-2026 | $2.2M | $829,223 | $1.4M | $1.3M |
| September 2026 | $40.0M | Current | 6.82% | 1.43 | 1.50 | 91% | $0 | 03-31-2026 | $2.2M | $829,223 | $1.4M | $1.3M |
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.
Also filed in other trusts
Loans are sometimes split across trusts (pari passu), and each trust files the loan at its whole-loan amount. A loan with the same property name and origination date is filed in: BMO 2023-C7 Mortgage Trust.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.