← BMO 2023-C5 Mortgage Trust · Loan annex · CMBS market
- Deal
- BMO 2023-C5 Mortgage Trust
- Current balance
- $22.6M (September 2026)
- Share of deal
- 3.5%
- Status
- Current
- DSCR (latest)
- 2.06
- Occupancy (latest)
- 100%
- Scheduled maturity
- 2032-12-06
Property and terms
| Property | 2522 and 2526 W. 21st Street, Chanute, KS (and 3 more properties) |
| Address | 2522-2526 West 21st St; 500 Industrial Road A; 801 West Old 56 Highway; 615 West Cherry Street; Chanute, KS (and 3 more) 66720 |
| 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 | ["2018", "2023"] |
| Original balance | $22.6M |
| Current balance | $22.6M (September 2026) |
| Share of deal balance | 3.5% |
| Interest rate at origination | 6.80% |
| Current interest rate | 6.80% |
| Origination date | 11-15-2022 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2032-12-06 |
| Prepayment lockout end | 07-05-2025 |
| Yield maintenance end | 08-05-2032 |
| Servicer | Midland |
| 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 | $125.0M | 10-17-2022 | MAI |
| Most recent reported | not yet reported | not yet reported | ["MAI", "MAI", "MAI", "MAI"] |
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Orizon Aerostructures, LLC | not yet reported | ["12-31-2047", "12-31-2047", "12-31-2047", "12-31-2047"] |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| June 2023 | $22.6M | Current | 6.80% | 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 |
| July 2023 | $22.6M | Current | 6.80% | 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 |
| August 2023 | $22.6M | Current | 6.80% | 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 |
| September 2023 | $22.6M | Current | 6.80% | 1.84 | 1.86 | 100% | $0 | 06-30-2023 | $8.1M | $263,898 | $7.9M | $7.7M |
| October 2023 | $22.6M | Current | 6.80% | 1.84 | 1.86 | 100% | $0 | 06-30-2023 | $8.1M | $263,898 | $7.9M | $7.7M |
| November 2023 | $22.6M | Matured balloon, non-performing | 6.80% | 1.84 | 1.86 | 100% | $132,355 | 06-30-2023 | $8.1M | $263,898 | $7.9M | $7.7M |
| December 2023 | $22.6M | 30-59 days delinquent | 6.80% | 1.84 | 1.86 | 100% | $260,440 | 06-30-2023 | $8.1M | $263,898 | $7.9M | $7.7M |
| January 2024 | $22.6M | Matured balloon, non-performing | 6.80% | 1.84 | 1.86 | 100% | $132,355 | 09-30-2023 | $8.1M | $266,105 | $7.9M | $7.7M |
| February 2024 | $22.6M | Current | 6.80% | 1.84 | 1.86 | 100% | $0 | 09-30-2023 | $8.1M | $266,105 | $7.9M | $7.7M |
| March 2024 | $22.6M | Current | 6.80% | 1.84 | 1.86 | 100% | $0 | 12-31-2023 | $8.1M | $265,672 | $7.9M | $7.7M |
| April 2024 | $22.6M | Current | 6.80% | 1.84 | 1.86 | 100% | $0 | 12-31-2023 | $8.1M | $265,672 | $7.9M | $7.7M |
| May 2024 | $22.6M | Current | 6.80% | 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 |
| June 2024 | $22.6M | Current | 6.80% | 1.88 | 1.92 | 100% | $0 | 03-31-2024 | $2.1M | $70,068 | $2.0M | $2.0M |
| July 2024 | $22.6M | Current | 6.80% | 1.88 | 1.92 | 100% | $0 | 03-31-2024 | $2.1M | $70,068 | $2.0M | $2.0M |
| August 2024 | $22.6M | Current | 6.80% | 1.88 | 1.92 | 100% | $0 | 03-31-2024 | $2.1M | $70,068 | $2.0M | $2.0M |
| September 2024 | $22.6M | Current | 6.80% | 1.88 | 1.92 | 100% | $0 | 03-31-2024 | $2.1M | $70,068 | $2.0M | $2.0M |
| October 2024 | $22.6M | Current | 6.80% | 1.88 | 1.92 | 100% | $0 | 03-31-2024 | $2.1M | $70,068 | $2.0M | $2.0M |
| November 2024 | $22.6M | Current | 6.80% | 1.88 | 1.92 | 100% | $0 | 03-31-2024 | $2.1M | $70,068 | $2.0M | $2.0M |
| December 2024 | $22.6M | Current | 6.80% | 1.88 | 1.92 | 100% | $0 | 03-31-2024 | $2.1M | $70,068 | $2.0M | $2.0M |
| January 2025 | $22.6M | Current | 6.80% | 1.88 | 1.92 | 100% | $0 | 03-31-2024 | $2.1M | $70,068 | $2.0M | $2.0M |
| February 2025 | $22.6M | Current | 6.80% | 1.88 | 1.92 | 100% | $0 | 03-31-2024 | $2.1M | $70,068 | $2.0M | $2.0M |
| March 2025 | $22.6M | Current | 6.80% | 1.88 | 1.92 | 100% | $0 | 03-31-2024 | $2.1M | $70,068 | $2.0M | $2.0M |
| April 2025 | $22.6M | Current | 6.80% | 1.88 | 1.92 | 100% | $0 | 03-31-2024 | $2.1M | $70,068 | $2.0M | $2.0M |
| May 2025 | $22.6M | Current | 6.80% | 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 |
| June 2025 | $22.6M | Current | 6.80% | 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 |
| July 2025 | $22.6M | Current | 6.80% | 1.94 | 1.98 | 100% | $0 | 03-31-2025 | $2.2M | $70,551 | $2.1M | $2.0M |
| August 2025 | $22.6M | Current | 6.80% | 2.00 | 2.04 | 100% | $0 | 03-31-2025 | $2.2M | $5,902 | $2.1M | $2.1M |
| September 2025 | $22.6M | Current | 6.80% | 2.00 | 2.04 | 100% | $0 | 03-31-2025 | $2.2M | $5,902 | $2.1M | $2.1M |
| October 2025 | $22.6M | Current | 6.80% | 1.91 | 1.92 | 100% | $0 | 06-30-2025 | $17.2M | $108,781 | $17.1M | $17.0M |
| November 2025 | $22.6M | Current | 6.80% | 1.91 | 1.92 | 100% | $0 | 06-30-2025 | $17.2M | $108,781 | $17.1M | $17.0M |
| December 2025 | $22.6M | Current | 6.80% | 1.91 | 1.92 | 100% | $0 | 06-30-2025 | $17.2M | $108,781 | $17.1M | $17.0M |
| January 2026 | $22.6M | Current | 6.80% | 1.91 | 1.92 | 100% | $0 | 06-30-2025 | $17.2M | $108,781 | $17.1M | $17.0M |
| February 2026 | $22.6M | Current | 6.80% | 1.91 | 1.92 | 100% | $0 | 06-30-2025 | $17.2M | $108,781 | $17.1M | $17.0M |
| March 2026 | $22.6M | Current | 6.80% | 1.91 | 1.92 | 100% | $0 | 06-30-2025 | $17.2M | $108,781 | $17.1M | $17.0M |
| April 2026 | $22.6M | Current | 6.80% | 2.00 | 2.03 | 100% | $0 | 12-31-2025 | $8.6M | $78,180 | $8.5M | $8.4M |
| May 2026 | $22.6M | Current | 6.80% | 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 |
| June 2026 | $22.6M | Current | 6.80% | 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 |
| July 2026 | $22.6M | Current | 6.80% | 2.06 | 2.09 | 100% | $0 | 03-31-2026 | $2.2M | $20,050 | $2.2M | $2.2M |
| August 2026 | $22.6M | Current | 6.80% | 2.06 | 2.09 | 100% | $0 | 03-31-2026 | $2.2M | $20,050 | $2.2M | $2.2M |
| September 2026 | $22.6M | Current | 6.80% | 2.06 | 2.09 | 100% | $0 | 06-30-2026 | $8.9M | $80,309 | $8.8M | $8.7M |
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 |
|---|---|
| December 2023 | First reported 30 or more days delinquent |
| 2024-04-08 | Loan modified (rate after modification 0.00%; maturity after modification 2032-12-06) |
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: BMO 2023-C4 Mortgage Trust.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.