← BMO 2022-C1 Mortgage Trust · Loan annex · CMBS market
- Deal
- BMO 2022-C1 Mortgage Trust
- Current balance
- $40.0M (February 2022)
- Share of deal
- not yet reported
- Status
- Current
- DSCR (latest)
- not yet reported
- Occupancy (latest)
- not yet reported
- Scheduled maturity
- 2027-01-06
Property and terms
| Property | Hudson Commons |
| Address | 441 Ninth Avenue; New York, NY 10001 |
| Property type | Office |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 697,960 |
| Year built | 1962 |
| Year last renovated | 2021 |
| Original balance | $40.0M |
| Current balance | $40.0M (February 2022) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 3.51% |
| Current interest rate | 3.51% |
| Origination date | 12-17-2021 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2027-01-06 |
| Prepayment lockout end | 03-05-2024 |
| Yield maintenance end | 07-05-2026 |
| Servicer | KeyBank National Association |
| Loan servicer | not yet reported |
| Originator | DBR Investments Co. Limited |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $1.03B | 11-23-2021 | MAI |
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Peloton | 335,823 | 12-31-2035 |
| Lyft | 100,638 | 11-30-2029 |
| Ovid Therapeutics | 19,143 | 09-30-2032 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| February 2022 | $40.0M | Current | 3.51% | 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.