← BMO 2023-C7 Mortgage Trust · Loan annex · CMBS market
- Deal
- BMO 2023-C7 Mortgage Trust
- Current balance
- $15.5M (September 2026)
- Share of deal
- 2.1%
- Status
- Current
- DSCR (latest)
- 1.33
- Occupancy (latest)
- 100%
- Scheduled maturity
- 2033-05-06
Property and terms
| Property | Chesterfield Marketplace |
| Address | 1201-1350 Carmia Way 11110 and 11122 Midlothian Turnpike; North Chesterfield, VA 23235 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 199,391 |
| Year built | 1998 |
| Year last renovated | not yet reported |
| Original balance | $15.7M |
| Current balance | $15.5M (September 2026) |
| Share of deal balance | 2.1% |
| Interest rate at origination | 6.62% |
| Current interest rate | 6.62% |
| Origination date | 04-21-2023 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | 24 months |
| Scheduled maturity | 2033-05-06 |
| Prepayment lockout end | 02-05-2033 |
| Yield maintenance end | not yet reported |
| Servicer | SCP SERVICING, LLC |
| Loan servicer | not yet reported |
| Originator | RRECM Capital II, LLC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $24.1M | 01-10-2023 | MAI |
| Most recent reported | $24.1M | 2023-01-10 | MAI |
Change from securitization to the most recent reported valuation: 0.0%.
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| K1 Speed | 40,000 | 12-31-2031 |
| Skyzone | 37,500 | 06-30-2035 |
| PETSMART | 26,040 | 02-28-2035 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| December 2023 | $15.7M | Current | 6.62% | 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 | $15.7M | Current | 6.62% | 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 | $15.7M | Matured balloon, non-performing | 6.62% | not yet reported | not yet reported | not yet reported | $88,244 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| March 2024 | $15.7M | Matured balloon, non-performing | 6.62% | not yet reported | not yet reported | not yet reported | $82,551 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| April 2024 | $15.7M | Matured balloon, non-performing | 6.62% | not yet reported | not yet reported | not yet reported | $88,244 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| May 2024 | $15.7M | Matured balloon, non-performing | 6.62% | not yet reported | not yet reported | not yet reported | $85,397 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2024 | $15.7M | 30-59 days delinquent | 6.62% | not yet reported | not yet reported | not yet reported | $173,641 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2024 | $15.7M | 30-59 days delinquent | 6.62% | not yet reported | not yet reported | not yet reported | $173,641 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2024 | $15.7M | 30-59 days delinquent | 6.62% | not yet reported | not yet reported | not yet reported | $173,641 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| September 2024 | $15.7M | 30-59 days delinquent | 6.62% | not yet reported | not yet reported | not yet reported | $176,487 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| October 2024 | $15.7M | Matured balloon, non-performing | 6.62% | not yet reported | not yet reported | not yet reported | $86,458 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| November 2024 | $15.7M | 30-59 days delinquent | 6.62% | not yet reported | not yet reported | not yet reported | $173,641 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| December 2024 | $15.7M | 30-59 days delinquent | 6.62% | not yet reported | not yet reported | not yet reported | $173,641 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| January 2025 | $15.7M | 30-59 days delinquent | 6.62% | 1.34 | 1.46 | not yet reported | $173,641 | 09-30-2024 | $3.2M | $1.2M | $2.1M | $1.9M |
| February 2025 | $15.7M | 30-59 days delinquent | 6.62% | 1.34 | 1.46 | not yet reported | $176,487 | 09-30-2024 | $3.2M | $1.2M | $2.1M | $1.9M |
| March 2025 | $15.7M | Current | 6.62% | 1.34 | 1.46 | not yet reported | $0 | 09-30-2024 | $3.2M | $1.2M | $2.1M | $1.9M |
| April 2025 | $15.7M | Current | 6.62% | 1.34 | 1.46 | not yet reported | $0 | 09-30-2024 | $3.2M | $1.2M | $2.1M | $1.9M |
| May 2025 | $15.7M | Current | 6.62% | 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 | $15.7M | Current | 6.62% | 1.52 | 1.64 | not yet reported | $0 | 03-31-2025 | $2.5M | $745,594 | $1.7M | $1.6M |
| July 2025 | $15.6M | Current | 6.62% | 1.52 | 1.64 | 98% | $0 | 03-31-2025 | $2.5M | $745,594 | $1.7M | $1.6M |
| August 2025 | $15.6M | Current | 6.62% | 1.52 | 1.64 | 98% | $0 | 03-31-2025 | $2.5M | $745,594 | $1.7M | $1.6M |
| September 2025 | $15.6M | Current | 6.62% | 1.52 | 1.64 | 98% | $0 | 03-31-2025 | $2.5M | $745,594 | $1.7M | $1.6M |
| October 2025 | $15.6M | Current | 6.62% | 1.52 | 1.64 | 98% | $0 | 03-31-2025 | $2.5M | $745,594 | $1.7M | $1.6M |
| November 2025 | $15.6M | Current | 6.62% | 1.52 | 1.64 | 98% | $0 | 03-31-2025 | $2.5M | $745,594 | $1.7M | $1.6M |
| December 2025 | $15.6M | Current | 6.62% | 1.52 | 1.64 | 98% | $0 | 03-31-2025 | $2.5M | $745,594 | $1.7M | $1.6M |
| January 2026 | $15.6M | Current | 6.62% | 1.52 | 1.64 | 98% | $0 | 03-31-2025 | $2.5M | $745,594 | $1.7M | $1.6M |
| February 2026 | $15.6M | Current | 6.62% | 1.52 | 1.64 | 98% | $0 | 03-31-2025 | $2.5M | $745,594 | $1.7M | $1.6M |
| March 2026 | $15.5M | Current | 6.62% | 1.52 | 1.64 | 98% | $0 | 03-31-2025 | $2.5M | $745,594 | $1.7M | $1.6M |
| April 2026 | $15.5M | Current | 6.62% | 1.52 | 1.64 | 98% | $0 | 03-31-2025 | $2.5M | $745,594 | $1.7M | $1.6M |
| May 2026 | $15.5M | Current | 6.62% | 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 | $15.5M | Current | 6.62% | 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 | $15.5M | Current | 6.62% | 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 | $15.5M | Current | 6.62% | 1.33 | 1.42 | 100% | $0 | 06-30-2026 | $2.6M | $881,576 | $1.7M | $1.6M |
| September 2026 | $15.5M | Current | 6.62% | 1.33 | 1.42 | 100% | $0 | 06-30-2026 | $2.6M | $881,576 | $1.7M | $1.6M |
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 |
|---|---|
| June 2024 | First reported 30 or more days delinquent |
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.