← BMO 2023-C5 Mortgage Trust · Loan annex · CMBS market
- Deal
- BMO 2023-C5 Mortgage Trust
- Current balance
- $18.4M (September 2026)
- Share of deal
- 2.9%
- Status
- Current
- DSCR (latest)
- not yet reported
- Occupancy (latest)
- not yet reported
- Scheduled maturity
- 2028-03-11
Property and terms
| Property | Big Lots - Tremont, PA (and 41 more properties) |
| Address | 50 Rausch Creek Road; 2306 Enterprise Drive; 505 Pegasus Parkway; 1017 Corporate Park Drive; 201 Kid Ellis Road; 1003 Allison Avenue, 1010 Manvel Avenue 915 Allison Avenue and 1023 Allison Avenue; 13220-13222 San Pablo Avenue; 5600 Broken Sound Boulevard; 5645-5677 East Kings Canyon Road; 1000 El Cerrito Plaza; 4555 North Pershing Avenue; 801 Oakdale Road; 2054 Nevada City Highway; 4010, 4040, 4120 4190 North West Avenue; 2920 East Whitmore Avenue; 6465 Niles Street; 150 Boston Post Road; 9750 Pyramid Lakes Highway; 875 South Tracy Boulevard; 1003 East Bidwell; 2005 North Tracy Boulevard; 1346 Trancas Street; 205 Northwest 2nd Street and 308 1st Avenue Northwest; 146 West East Avenue; 1223 North Davis Road; 909 Sierra Street; 1157 North Willow Avenue; 2179 Shaw Avenue; 777 East Monte Vista Avenue; 9160 Elk Grove Florin Road; 1172 North Main Street; 5750 North 1st Street; 530 West Lodi Avenue; 565 East Prater Way; 3325 US Highway 50; 4055 MacArthur Boulevard; 275 East Forest Avenue; 828 J Street; 11980 State Highway 88; 200 Phosphate Boulevard North; 168 Phosphate Boulevard North; 503 Phosphate Boulevard North; Tremont, PA (and 41 more) 17981 |
| Property type | Multiple property types |
| Units, beds or keys | not yet reported |
| Net rentable square feet | not yet reported |
| Year built | not yet reported |
| Year last renovated | not yet reported |
| Original balance | $30.0M |
| Current balance | $18.4M (September 2026) |
| Share of deal balance | 2.9% |
| Interest rate at origination | 6.14% |
| Current interest rate | 6.14% |
| Origination date | 02-23-2023 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2028-03-11 |
| Prepayment lockout end | 09-10-2027 |
| Yield maintenance end | not yet reported |
| Servicer | KeyBank National Association |
| Loan servicer | not yet reported |
| Originator | KeyBank National Association |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $1.05B | not yet reported | MAI |
| 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", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI", "MAI"] |
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Big Lots, Inc. | not yet reported | ["06-30-2040", "03-31-2025", "11-01-2024", "11-01-2024", "11-01-2024", "08-03-2042", "03-31-2045", "12-31-2041", "03-31-2045", "03-31-2045", "03-31-2045", "03-31-2045", "03-31-2045", "03-31-2045", "03-31-2045", "03-31-2045", "12-31-2039", "03-31-2045", "03-31-2045", "03-31-2045", "03-31-2045", "03-31-2045", "08-31-2039", "03-31-2045", "03-31-2045", "03-31-2045", "03-31-2045", "03-31-2045", "03-31-2045", "03-31-2045", "03-31-2045", "03-31-2045", "03-31-2045", "03-31-2045", "03-31-2045", "03-31-2045", "03-31-2045", "03-31-2045", "03-31-2045", "08-31-2039", "08-31-2039", "08-31-2039"] |
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 | $30.0M | Current | 6.14% | 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 | $30.0M | Current | 6.14% | 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 | $30.0M | Current | 6.14% | 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 | $30.0M | Current | 6.14% | 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 | $30.0M | Current | 6.14% | 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 | $30.0M | Current | 6.14% | 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 |
| December 2023 | $30.0M | Current | 6.14% | 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 |
| January 2024 | $30.0M | Current | 6.14% | 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 |
| February 2024 | $30.0M | Current | 6.14% | 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 2024 | $30.0M | Current | 6.14% | 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 2024 | $30.0M | Current | 6.14% | 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 2024 | $30.0M | Current | 6.14% | 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 | $30.0M | Matured balloon, performing | 6.14% | not yet reported | not yet reported | not yet reported | $158,242 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2024 | $30.0M | Current | 6.14% | 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 | $30.0M | Current | 6.14% | 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 | $30.0M | Current | 6.14% | 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 2024 | $30.0M | Current | 6.14% | 2.22 | 2.35 | not yet reported | $0 | 06-30-2024 | $64.3M | $2.0M | $62.4M | $58.8M |
| November 2024 | $30.0M | Current | 6.14% | 2.22 | 2.35 | not yet reported | $0 | 06-30-2024 | $64.3M | $2.0M | $62.4M | $58.8M |
| December 2024 | $30.0M | Current | 6.14% | 2.22 | 2.35 | not yet reported | $0 | 06-30-2024 | $64.3M | $2.0M | $62.4M | $58.8M |
| January 2025 | $30.0M | Current | 6.14% | 2.22 | 2.35 | not yet reported | $0 | 06-30-2024 | $64.3M | $2.0M | $62.4M | $58.8M |
| February 2025 | $30.0M | Current | 6.14% | 2.22 | 2.35 | not yet reported | $0 | 06-30-2024 | $64.3M | $2.0M | $62.4M | $58.8M |
| March 2025 | $30.0M | Current | 6.14% | 2.22 | 2.35 | not yet reported | $0 | 06-30-2024 | $64.3M | $2.0M | $62.4M | $58.8M |
| April 2025 | $30.0M | Matured balloon, performing | 6.14% | 2.22 | 2.35 | not yet reported | $158,242 | 06-30-2024 | $64.3M | $2.0M | $62.4M | $58.8M |
| May 2025 | $30.0M | Matured balloon, non-performing | 6.14% | not yet reported | not yet reported | not yet reported | $153,138 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2025 | $30.0M | 30-59 days delinquent | 6.14% | not yet reported | not yet reported | not yet reported | $311,380 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2025 | $30.0M | Matured balloon, performing | 6.14% | not yet reported | not yet reported | not yet reported | $153,138 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2025 | $30.0M | Matured balloon, performing | 6.14% | not yet reported | not yet reported | not yet reported | $158,242 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| September 2025 | $30.0M | Matured balloon, performing | 6.14% | not yet reported | not yet reported | not yet reported | $158,242 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| October 2025 | $30.0M | Matured balloon, non-performing | 6.14% | not yet reported | not yet reported | not yet reported | $153,138 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| November 2025 | $30.0M | Matured balloon, non-performing | 6.14% | not yet reported | not yet reported | not yet reported | $158,242 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| December 2025 | $30.0M | Matured balloon, performing | 6.14% | not yet reported | not yet reported | not yet reported | $153,138 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| January 2026 | $30.0M | Matured balloon, non-performing | 6.14% | not yet reported | not yet reported | not yet reported | $158,242 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| February 2026 | $24.4M | Current | 6.14% | 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 2026 | $24.4M | Current | 6.14% | 1.09 | 1.22 | 37% | $0 | 09-30-2025 | $38.9M | $6.6M | $32.4M | $28.8M |
| April 2026 | $19.9M | Current | 6.14% | 1.09 | 1.22 | 100% | $0 | 09-30-2025 | $38.9M | $6.6M | $32.4M | $28.8M |
| May 2026 | $19.9M | Current | 6.14% | 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 | $18.4M | Current | 6.14% | 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 | $17.0M | Current | 6.14% | 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 2026 | $18.4M | Current | 6.14% | 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 2026 | $18.4M | Current | 6.14% | 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.
Status timeline
| Date | Event |
|---|---|
| 2025-03-31 | Transferred to the special servicer |
| June 2025 | First reported 30 or more days delinquent |
| 2025-09-30 | Loan modified (rate after modification 0.00%; maturity after modification 2028-03-11) |
| 2026-01-09 | Returned to the master servicer |
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.