← BMO 2022-C1 Mortgage Trust · Loan annex · CMBS market
- Deal
- BMO 2022-C1 Mortgage Trust
- Current balance
- $1.4M (September 2026)
- Share of deal
- 0.1%
- Status
- 90+ days delinquent
- DSCR (latest)
- 1.25
- Occupancy (latest)
- 95%
- Scheduled maturity
- 2032-02-06
Property and terms
| Property | 640 Virginia Park Street |
| Address | 640 Virginia Park Street; Detroit, MI 48202 |
| Property type | Multifamily |
| Units, beds or keys | 21 |
| Net rentable square feet | not yet reported |
| Year built | 1966 |
| Year last renovated | not yet reported |
| Original balance | $1.4M |
| Current balance | $1.4M (September 2026) |
| Share of deal balance | 0.1% |
| Interest rate at origination | 5.13% |
| Current interest rate | 5.13% |
| Origination date | not yet reported |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | 24 months |
| Scheduled maturity | 2032-02-06 |
| Prepayment lockout end | not yet reported |
| Yield maintenance end | not yet reported |
| Servicer | KeyBank Real Estate Capital |
| Loan servicer | not yet reported |
| Originator | SMC |
| Current status | 90+ days delinquent |
| Specially serviced now | Yes |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $2.2M | 11-23-2021 | not yet reported |
| Most recent reported | $1.1M | 2025-04-22 | MAI |
Change from securitization to the most recent reported valuation: -50.9%.
Monthly history
| Month | Balance | Status | Rate | DSCR (NCF) | DSCR (NOI) | Occupancy | Advances | Financial period end | Revenue | Expenses | NOI | NCF |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| March 2022 | $1.4M | not yet reported | 5.13% | 0.00 | 0.00 | 0% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| April 2022 | $1.4M | 30-59 days delinquent | 5.13% | 0.00 | 0.00 | 0% | $11,970 | not yet reported | $0 | $0 | $0 | $0 |
| May 2022 | $1.4M | not yet reported | 5.13% | 0.00 | 0.00 | 0% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| June 2022 | $1.4M | not yet reported | 5.13% | 0.00 | 0.00 | 0% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| July 2022 | $1.4M | not yet reported | 5.13% | 0.00 | 0.00 | 0% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| August 2022 | $1.4M | not yet reported | 5.13% | 0.00 | 0.00 | 0% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| September 2022 | $1.4M | not yet reported | 5.13% | 0.00 | 0.00 | 0% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| October 2022 | $1.4M | not yet reported | 5.13% | 0.00 | 0.00 | 0% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| November 2022 | $1.4M | not yet reported | 5.13% | 0.00 | 0.00 | 100% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| December 2022 | $1.4M | Matured balloon, non-performing | 5.13% | 0.00 | 0.00 | 100% | $6,087 | not yet reported | $0 | $0 | $0 | $0 |
| January 2023 | $1.4M | Matured balloon, non-performing | 5.13% | 0.00 | 0.00 | 100% | $6,289 | not yet reported | $0 | $0 | $0 | $0 |
| February 2023 | $1.4M | not yet reported | 5.13% | 0.00 | 0.00 | 100% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| March 2023 | $1.4M | not yet reported | 5.13% | 0.00 | 0.00 | 100% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| April 2023 | $1.4M | Matured balloon, non-performing | 5.13% | 0.00 | 0.00 | 100% | $6,290 | not yet reported | $0 | $0 | $0 | $0 |
| May 2023 | $1.4M | Matured balloon, non-performing | 5.13% | 0.00 | 0.00 | 100% | $6,087 | not yet reported | $0 | $0 | $0 | $0 |
| June 2023 | $1.4M | Matured balloon, non-performing | 5.13% | 0.00 | 0.00 | 100% | $6,289 | not yet reported | $0 | $0 | $0 | $0 |
| July 2023 | $1.4M | 30-59 days delinquent | 5.13% | 0.00 | 0.00 | 100% | $12,376 | not yet reported | $0 | $0 | $0 | $0 |
| August 2023 | $1.4M | 30-59 days delinquent | 5.13% | 0.00 | 0.00 | 100% | $12,376 | not yet reported | $0 | $0 | $0 | $0 |
| September 2023 | $1.4M | Matured balloon, non-performing | 5.13% | 1.25 | 1.32 | 100% | $6,289 | 03-31-2023 | $208,025 | $110,433 | $97,592 | $92,342 |
| October 2023 | $1.4M | Matured balloon, non-performing | 5.13% | 1.25 | 1.32 | 95% | $6,087 | 03-31-2023 | $208,025 | $110,433 | $97,592 | $92,342 |
| November 2023 | $1.4M | Matured balloon, non-performing | 5.13% | 1.25 | 1.32 | 95% | $6,289 | 03-31-2023 | $208,025 | $110,433 | $97,592 | $92,342 |
| December 2023 | $1.4M | Matured balloon, non-performing | 5.13% | 1.25 | 1.32 | 95% | $6,087 | 03-31-2023 | $208,025 | $110,433 | $97,592 | $92,342 |
| January 2024 | $1.4M | 30-59 days delinquent | 5.13% | 1.25 | 1.32 | 95% | $12,376 | 03-31-2023 | $208,025 | $110,433 | $97,592 | $92,342 |
| February 2024 | $1.4M | 60-89 days delinquent | 5.13% | 1.25 | 1.32 | 95% | $18,665 | 03-31-2023 | $208,025 | $110,433 | $97,592 | $92,342 |
| March 2024 | $1.4M | not yet reported | 5.13% | 1.25 | 1.32 | 95% | $0 | 03-31-2023 | $208,025 | $110,433 | $97,592 | $92,342 |
| April 2024 | $1.4M | Matured balloon, non-performing | 5.13% | 1.25 | 1.32 | 95% | $7,758 | 03-31-2023 | $208,025 | $110,433 | $97,592 | $92,342 |
| May 2024 | $1.4M | 30-59 days delinquent | 5.13% | 1.25 | 1.32 | 95% | $15,516 | 03-31-2023 | $208,025 | $110,433 | $97,592 | $92,342 |
| June 2024 | $1.4M | 30-59 days delinquent | 5.13% | 1.25 | 1.32 | 95% | $15,516 | 03-31-2023 | $208,025 | $110,433 | $97,592 | $92,342 |
| July 2024 | $1.4M | 60-89 days delinquent | 5.13% | 1.25 | 1.32 | 95% | $23,274 | 03-31-2023 | $208,025 | $110,433 | $97,592 | $92,342 |
| August 2024 | $1.4M | 90+ days delinquent | 5.13% | 1.25 | 1.32 | 95% | $31,032 | 03-31-2023 | $208,025 | $110,433 | $97,592 | $92,342 |
| September 2024 | $1.4M | 90+ days delinquent | 5.13% | 1.25 | 1.32 | 95% | $38,790 | 03-31-2023 | $208,025 | $110,433 | $97,592 | $92,342 |
| October 2024 | $1.4M | 90+ days delinquent | 5.13% | 1.25 | 1.32 | 95% | $38,790 | 03-31-2023 | $208,025 | $110,433 | $97,592 | $92,342 |
| November 2024 | $1.4M | 90+ days delinquent | 5.13% | 1.25 | 1.32 | 95% | $46,548 | 03-31-2023 | $208,025 | $110,433 | $97,592 | $92,342 |
| December 2024 | $1.4M | 90+ days delinquent | 5.13% | 1.25 | 1.32 | 95% | $46,548 | 03-31-2023 | $208,025 | $110,433 | $97,592 | $92,342 |
| January 2025 | $1.4M | 90+ days delinquent | 5.13% | 1.25 | 1.32 | 95% | $54,306 | 03-31-2023 | $208,025 | $110,433 | $97,592 | $92,342 |
| February 2025 | $1.4M | 90+ days delinquent | 5.13% | 1.25 | 1.32 | 95% | $62,064 | 03-31-2023 | $208,025 | $110,433 | $97,592 | $92,342 |
| March 2025 | $1.4M | 90+ days delinquent | 5.13% | 1.25 | 1.32 | 95% | $69,824 | 03-31-2023 | $208,025 | $110,433 | $97,592 | $92,342 |
| April 2025 | $1.4M | 90+ days delinquent | 5.13% | 1.25 | 1.32 | 95% | $60,181 | 03-31-2023 | $208,025 | $110,433 | $97,592 | $92,342 |
| May 2025 | $1.4M | 90+ days delinquent | 5.13% | 1.25 | 1.32 | 95% | $66,129 | 03-31-2023 | $208,025 | $110,433 | $97,592 | $92,342 |
| June 2025 | $1.4M | 90+ days delinquent | 5.13% | 1.25 | 1.32 | 95% | $64,242 | 03-31-2023 | $208,025 | $110,433 | $97,592 | $92,342 |
| July 2025 | $1.4M | 90+ days delinquent | 5.13% | 1.25 | 1.32 | 95% | $70,176 | 03-31-2023 | $208,025 | $110,433 | $97,592 | $92,342 |
| August 2025 | $1.4M | 90+ days delinquent | 5.13% | 1.25 | 1.32 | 95% | $76,048 | 03-31-2023 | $208,025 | $110,433 | $97,592 | $92,342 |
| September 2025 | $1.4M | 90+ days delinquent | 5.13% | 1.25 | 1.32 | 95% | $81,921 | 03-31-2023 | $208,025 | $110,433 | $97,592 | $92,342 |
| October 2025 | $1.4M | 90+ days delinquent | 5.13% | 1.25 | 1.32 | 95% | $87,855 | 03-31-2023 | $208,025 | $110,433 | $97,592 | $92,342 |
| November 2025 | $1.4M | 90+ days delinquent | 5.13% | 1.25 | 1.32 | 95% | $93,716 | 03-31-2023 | $208,025 | $110,433 | $97,592 | $92,342 |
| December 2025 | $1.4M | 90+ days delinquent | 5.13% | 1.25 | 1.32 | 95% | $91,892 | 03-31-2023 | $208,025 | $110,433 | $97,592 | $92,342 |
| January 2026 | $1.4M | 90+ days delinquent | 5.13% | 1.25 | 1.32 | 95% | $97,765 | 03-31-2023 | $208,025 | $110,433 | $97,592 | $92,342 |
| February 2026 | $1.4M | 90+ days delinquent | 5.13% | 1.25 | 1.32 | 95% | $103,638 | 03-31-2023 | $208,025 | $110,433 | $97,592 | $92,342 |
| March 2026 | $1.4M | 90+ days delinquent | 5.13% | 1.25 | 1.32 | 95% | $109,694 | 03-31-2023 | $208,025 | $110,433 | $97,592 | $92,342 |
| April 2026 | $1.4M | 90+ days delinquent | 5.13% | 1.25 | 1.32 | 95% | $115,566 | 03-31-2023 | $208,025 | $110,433 | $97,592 | $92,342 |
| May 2026 | $1.4M | 90+ days delinquent | 5.13% | 1.25 | 1.32 | 95% | $121,500 | 03-31-2023 | $208,025 | $110,433 | $97,592 | $92,342 |
| June 2026 | $1.4M | 90+ days delinquent | 5.13% | 1.25 | 1.32 | 95% | $125,932 | 03-31-2023 | $208,025 | $110,433 | $97,592 | $92,342 |
| July 2026 | $1.4M | 90+ days delinquent | 5.13% | 1.25 | 1.32 | 95% | $130,472 | 03-31-2023 | $208,025 | $110,433 | $97,592 | $92,342 |
| August 2026 | $1.4M | 90+ days delinquent | 5.13% | 1.25 | 1.32 | 95% | $134,904 | 03-31-2023 | $208,025 | $110,433 | $97,592 | $92,342 |
| September 2026 | $1.4M | 90+ days delinquent | 5.13% | 1.25 | 1.32 | 95% | $139,336 | 03-31-2023 | $208,025 | $110,433 | $97,592 | $92,342 |
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 |
|---|---|
| April 2022 | First reported 30 or more days delinquent |
| 2024-01-29 | Transferred to the special servicer |
| 2024-01-30 | Transferred to the special servicer |
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.