← BMO 2023-5C2 Mortgage Trust · Loan annex · CMBS market
- Deal
- BMO 2023-5C2 Mortgage Trust
- Current balance
- $65.0M (November 2023)
- Share of deal
- not yet reported
- Status
- Current
- DSCR (latest)
- not yet reported
- Occupancy (latest)
- not yet reported
- Scheduled maturity
- 2028-09-06
Property and terms
| Property | Westfarms |
| Address | 1500 New Britain Avenue; West Hartford, CT 6110 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 501,990 |
| Year built | 1974 |
| Year last renovated | 2013 |
| Original balance | $65.0M |
| Current balance | $65.0M (November 2023) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 7.80% |
| Current interest rate | 7.80% |
| Origination date | 08-31-2023 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2028-09-06 |
| Prepayment lockout end | 03-05-2028 |
| Yield maintenance end | not yet reported |
| Servicer | KeyBank National Association |
| Loan servicer | not yet reported |
| Originator | Goldman Sachs Bank USA; Wells Fargo Bank, National Association |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $547.8M | 07-06-2023 | MAI |
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Forever 21 | 22,512 | 01-31-2023 |
| HM | 15,121 | 01-31-2032 |
| Pottery Barn | 14,187 | 01-31-2027 |
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 | $65.0M | Current | 7.80% | 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: BANK5 2023-5YR3; BANK5 2023-5YR4; BBCMS Mortgage Trust 2023-5C23; MSWF Commercial Mortgage Trust 2023-2.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.