← BMO 2022-C1 Mortgage Trust · Loan annex · CMBS market
- Deal
- BMO 2022-C1 Mortgage Trust
- Current balance
- $31.5M (February 2022)
- Share of deal
- not yet reported
- Status
- Current
- DSCR (latest)
- not yet reported
- Occupancy (latest)
- not yet reported
- Scheduled maturity
- 2032-01-06
Property and terms
| Property | Tangent Industrial Park |
| Address | 32160 Old Highway 34, 32144 Old Highway 34, 32140 Old Highway 34, 32180 Old Highway 34, 32136 Hooska Avenue, 33414 Eagle Drive, 33464-33468 Eagle Drive, 32114 Mallard Avenue and 32141 Mallard Avenue; Tangent, OR 97389 |
| Property type | Industrial |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 490,680 |
| Year built | 1979 |
| Year last renovated | 2007 |
| Original balance | $31.5M |
| Current balance | $31.5M (February 2022) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 3.83% |
| Current interest rate | 3.83% |
| Origination date | 12-28-2021 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2032-01-06 |
| Prepayment lockout end | 10-05-2031 |
| Yield maintenance end | not yet reported |
| Servicer | KeyBank National Association |
| 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 | $53.7M | 11-30-2021 | MAI |
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Oregon Freeze Dry | 152,064 | 12-31-2023 |
| Georgia Pacific | 75,000 | 10-31-2024 |
| Barenbrug | 50,000 | 12-31-2023 |
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 | $31.5M | Current | 3.83% | 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.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.