← BMO 2023-C4 Mortgage Trust · Loan annex · CMBS market
- Deal
- BMO 2023-C4 Mortgage Trust
- Current balance
- $25.8M (September 2026)
- Share of deal
- 3.5%
- Status
- Current
- DSCR (latest)
- 2.39
- Occupancy (latest)
- 100%
- Scheduled maturity
- 2032-12-06
Property and terms
| Property | 1175 Early Drive (and 16 more properties) |
| Address | 1175 Early Dr; 207 North Forest Hills School Rd; 8450 Tanner Willams Rd; 10992 Leadbetter Rd; 8125 Tridon Drive; 1789 Hock Ave; 222 Industrial Dr; 701 McDowell Rd; 101 E Jefferson Ave; 243 County Rd 414; 4522 East State Highway 18; 344 Phillips 273 Rd; 120 East Blanchard Road; 4518 West 21 Street; 3701 Stagecoach Rd; 2070 Highway 150; 317/417 Crow Street; Winchester, KY (and 16 more) 40391 |
| 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 | ["1988", "2008", "2010", "2012", "2008", "2007", "2001", "2018", "2007", "2006"] |
| Original balance | $25.8M |
| Current balance | $25.8M (September 2026) |
| Share of deal balance | 3.5% |
| Interest rate at origination | 6.15% |
| Current interest rate | 6.15% |
| Origination date | 11-18-2022 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2032-12-06 |
| Prepayment lockout end | 02-05-2025 |
| Yield maintenance end | 09-05-2032 |
| Servicer | Midland Loan Services |
| 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 | $54.4M | 08-31-2022 | not yet reported |
| Most recent reported | not yet reported | not yet reported | ["MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI"] |
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Cadence | not yet reported | ["08-31-2042", "08-31-2042", "08-31-2042", "08-31-2042", "08-31-2042", "08-31-2042", "08-31-2042", "08-31-2042", "08-31-2042", "08-31-2042", "08-31-2042", "08-31-2042", "08-31-2042", "08-31-2042", "08-31-2042", "08-31-2042", "08-31-2042"] |
| 207 N Forest Hills School Rd, Marshville, NC | 94,066 | 08-31-2042 |
| 8450 Tanner Williams Road, Mobile, AL | 76,727 | 08-31-2042 |
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 2023 | $25.8M | Current | 6.15% | 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 |
| March 2023 | $25.8M | Current | 6.15% | 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 |
| April 2023 | $25.8M | Current | 6.15% | 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 |
| May 2023 | $25.8M | Current | 6.15% | 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 |
| June 2023 | $25.8M | Current | 6.15% | 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 |
| July 2023 | $25.8M | Current | 6.15% | 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 |
| August 2023 | $25.8M | Current | 6.15% | 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 2023 | $25.8M | Current | 6.15% | 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 |
| October 2023 | $25.8M | Current | 6.15% | 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 |
| November 2023 | $25.8M | Current | 6.15% | 0.29 | 0.29 | 100% | $0 | 09-30-2023 | $49.3M | $3.2M | $46.0M | $46.0M |
| December 2023 | $25.8M | Current | 6.15% | 0.29 | 0.29 | 100% | $0 | 09-30-2023 | $49.3M | $3.2M | $46.0M | $46.0M |
| January 2024 | $25.8M | Current | 6.15% | 0.29 | 0.29 | 100% | $0 | 09-30-2023 | $49.3M | $3.2M | $46.0M | $46.0M |
| February 2024 | $25.8M | Current | 6.15% | 0.29 | 0.29 | 100% | $0 | 09-30-2023 | $49.3M | $3.2M | $46.0M | $46.0M |
| March 2024 | $25.8M | Current | 6.15% | 0.29 | 0.29 | 100% | $0 | 09-30-2023 | $49.3M | $3.2M | $46.0M | $46.0M |
| April 2024 | $25.8M | Current | 6.15% | 0.29 | 0.29 | 100% | $0 | 09-30-2023 | $49.3M | $3.2M | $46.0M | $46.0M |
| May 2024 | $25.8M | Current | 6.15% | 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 |
| June 2024 | $25.8M | Current | 6.15% | 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 |
| July 2024 | $25.8M | Current | 6.15% | 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 |
| August 2024 | $25.8M | Current | 6.15% | 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 2024 | $25.8M | Current | 6.15% | 2.26 | 2.26 | 100% | $0 | 06-30-2024 | $3.7M | $40,716 | $3.6M | $3.6M |
| October 2024 | $25.8M | Current | 6.15% | 2.26 | 2.26 | 100% | $0 | 06-30-2024 | $3.7M | $40,716 | $3.6M | $3.6M |
| November 2024 | $25.8M | Current | 6.15% | 2.26 | 2.26 | 100% | $0 | 06-30-2024 | $3.7M | $40,716 | $3.6M | $3.6M |
| December 2024 | $25.8M | Current | 6.15% | 2.26 | 2.26 | 100% | $0 | 06-30-2024 | $3.7M | $40,716 | $3.6M | $3.6M |
| January 2025 | $25.8M | Current | 6.15% | 2.26 | 2.26 | 100% | $0 | 06-30-2024 | $3.7M | $40,716 | $3.6M | $3.6M |
| February 2025 | $25.8M | Current | 6.15% | 2.26 | 2.26 | 100% | $0 | 06-30-2024 | $3.7M | $40,716 | $3.6M | $3.6M |
| March 2025 | $25.8M | Current | 6.15% | 2.26 | 2.26 | 100% | $0 | 06-30-2024 | $3.7M | $40,716 | $3.6M | $3.6M |
| April 2025 | $25.8M | Matured balloon, non-performing | 6.15% | 2.26 | 2.26 | 100% | $83,526 | 06-30-2024 | $3.7M | $40,716 | $3.6M | $3.6M |
| May 2025 | $25.8M | Current | 6.15% | 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 |
| June 2025 | $25.8M | Current | 6.15% | 2.33 | 2.33 | 100% | $0 | 03-31-2025 | $942,928 | $4,956 | $937,972 | $937,972 |
| July 2025 | $25.8M | Current | 6.15% | 2.33 | 2.33 | 100% | $0 | 03-31-2025 | $942,928 | $4,956 | $937,972 | $937,972 |
| August 2025 | $25.8M | Current | 6.15% | 2.33 | 2.33 | 100% | $0 | 03-31-2025 | $942,928 | $4,956 | $937,972 | $937,972 |
| September 2025 | $25.8M | Current | 6.15% | 2.33 | 2.33 | 100% | $0 | 03-31-2025 | $942,928 | $4,956 | $937,972 | $937,972 |
| October 2025 | $25.8M | Current | 6.15% | 2.34 | 2.34 | 100% | $0 | 06-30-2025 | $3.8M | $14,321 | $3.8M | $3.8M |
| November 2025 | $25.8M | Current | 6.15% | 2.34 | 2.34 | 100% | $0 | 06-30-2025 | $3.8M | $14,321 | $3.8M | $3.8M |
| December 2025 | $25.8M | Current | 6.15% | 2.34 | 2.34 | 100% | $0 | 09-30-2025 | $3.8M | $12,618 | $3.8M | $3.8M |
| January 2026 | $25.8M | Current | 6.15% | 2.34 | 2.34 | 100% | $0 | 09-30-2025 | $3.8M | $12,618 | $3.8M | $3.8M |
| February 2026 | $25.8M | Current | 6.15% | 2.34 | 2.34 | 100% | $0 | 09-30-2025 | $3.8M | $12,618 | $3.8M | $3.8M |
| March 2026 | $25.8M | Current | 6.15% | 2.35 | 2.35 | 100% | $0 | 12-31-2025 | $3.8M | $14,168 | $3.8M | $3.8M |
| April 2026 | $25.8M | Current | 6.15% | 2.35 | 2.35 | 100% | $0 | 12-31-2025 | $3.8M | $14,168 | $3.8M | $3.8M |
| May 2026 | $25.8M | Current | 6.15% | 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 |
| June 2026 | $25.8M | Current | 6.15% | 2.39 | 2.39 | 100% | $0 | 03-31-2026 | $964,693 | $3,567 | $961,126 | $961,126 |
| July 2026 | $25.8M | Current | 6.15% | 2.39 | 2.39 | 100% | $0 | 03-31-2026 | $964,693 | $3,567 | $961,126 | $961,126 |
| August 2026 | $25.8M | Current | 6.15% | 2.39 | 2.39 | 100% | $0 | 03-31-2026 | $964,693 | $3,567 | $961,126 | $961,126 |
| September 2026 | $25.8M | Current | 6.15% | 2.39 | 2.39 | 100% | $0 | 03-31-2026 | $964,693 | $3,567 | $961,126 | $961,126 |
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.