← Benchmark 2026-V23 Mortgage Trust · Loan annex · CMBS market
- Deal
- Benchmark 2026-V23 Mortgage Trust
- Current balance
- $37.9M (September 2026)
- Share of deal
- 5.4%
- Status
- Current
- DSCR (latest)
- not yet reported
- Occupancy (latest)
- not yet reported
- Scheduled maturity
- 2031-06-06
Property and terms
| Property | 9295 & 9315 Prototype Drive (and 6 more properties) |
| Address | 9295 & 9315 Prototype Drive; 3700 S. Kedzie Avenue; 401 East Elm Street; 1351 S. Wheeling Road; 4400 West 35th Place; 3200 South Kilbourn Avenue; 1900 S. 25th Avenue; Reno, NV (and 6 more) 89521 |
| Property type | Industrial |
| Units, beds or keys | not yet reported |
| Net rentable square feet | not yet reported |
| Year built | not yet reported |
| Year last renovated | ["2016", "2009", "2009", "2016", "2006", "1990"] |
| Original balance | $37.9M |
| Current balance | $37.9M (September 2026) |
| Share of deal balance | 5.4% |
| Interest rate at origination | 6.24% |
| Current interest rate | 6.24% |
| Origination date | 05-20-2026 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2031-06-06 |
| Prepayment lockout end | 01-05-2031 |
| Yield maintenance end | not yet reported |
| Servicer | Midland |
| Loan servicer | not yet reported |
| Originator | Bank of Montreal, 3650 CAPITAL SCF LOE I(A), LLC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $261.1M | not yet reported | not yet reported |
| Most recent reported | not yet reported | not yet reported | ["MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI"] |
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| IGT | not yet reported | ["07-31-2040", "07-31-2038", "12-31-2038", "02-06-2034", "09-30-2031", "09-30-2031"] |
| Full Tilt Transportation | 220,533 | 09-29-2032 |
| VSE / Tri-Phase | 84,940 | 09-29-2032 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| August 2026 | $37.9M | Current | 6.24% | 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 2026 | $37.9M | Current | 6.24% | 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 |
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 2026-5C15 Mortgage Trust; BMO 2026-5C16 Mortgage Trust.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.