← BMO 2023-C7 Mortgage Trust · Loan annex · CMBS market
- Deal
- BMO 2023-C7 Mortgage Trust
- Current balance
- $35.5M (September 2026)
- Share of deal
- 4.8%
- Status
- Current
- DSCR (latest)
- 2.02
- Occupancy (latest)
- 100%
- Scheduled maturity
- 2033-09-06
Property and terms
| Property | Northwoods Marketplace (and 28 more properties) |
| Address | 7612 and 7620 Rivers Avenue; 10200, 10400, 10404 Centrum Parkway 10408,10412,10416,10420,10500,10610 Centrum Pkwy; 1726,1732,1806,1824 Northwest 82nd Street 1832, 1906, 1912, 1920, 1926, 2004 NW 82nd Street; 202, 214, 203-238, Westminster Drive 248-266, 299 Westminster Drive; 8000-8230 South Gessner Drive; 1701-1751 Stringtown Road; 1779, 1781, 1783 and Martin Luther King Jr. Boulevard 1785 Martin Luther King Jr. Boulevard; 1122, 1134, 1146, Dawsonville Highway 1150, 1154, 1160 Dawsonville Highway; 5601, 5701-5709 President George Bush Highway; 5099, 5101,5115,5135 Frederica Street 5241 Frederica Street; 4125, 4140 & 4144 Harbor Town Lane 4411, 4421 Dewey Street & 4450 Calumet Avenue; 2637, 2639, 2641, North Salisbury Boulevard 2653 & 2657 North Salisbury Boulevard; 1453 Terrell Mill Road Southeast; 6169, 6173 & 6175 US Highway 98; 1702 North Dale Mabry Highway; 8810, 8850 & 8900 Holly Avenue NE; 2201 & 2135 West Memorial Road; 1311,1317,1321,1325, Klumac Road 1333,1345,1349,1371 & 1395 Klumac Road; 1020 & 1040 Veterans Parkway; 9140, 9142 & 9144 South Western Avenue; 1712, 1800 & 1812 North Rock Road; 707, 731, 735 & 739 Stonridge Parkway; 4302-4320 Coldwater Road; 609 Settlers Trace Boulevard; 101 Cheeyo Way; 10635, 10645 & 10655 Dorchester Road; 2389-2409 Taylor Park Drive; 750, 760 & 794 Sutters Creek Boulevard; 38295-38305 Chestnut Ridge Road; North Charleston, SC (and 28 more) 29406 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | not yet reported |
| Year built | not yet reported |
| Year last renovated | ["2020", "2023", "2015", "2012", "2004", "2008", "2014"] |
| Original balance | $36.0M |
| Current balance | $35.5M (September 2026) |
| Share of deal balance | 4.8% |
| Interest rate at origination | 6.45% |
| Current interest rate | 6.45% |
| Origination date | 08-30-2023 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2033-09-06 |
| Prepayment lockout end | 10-05-2024 |
| Yield maintenance end | 03-05-2033 |
| Servicer | Midland Loan Services |
| 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 | $508.2M | 07-31-2023 | 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"] |
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Best Buy #517 | not yet reported | ["11-25-2028", "05-31-2042", "01-31-2033", "05-31-2031", "04-30-2031", "11-30-2026", "08-31-2031", "10-31-2030", "01-31-2031", "03-31-2031", "01-31-2029", "01-31-2031", "07-31-2030", "01-31-2035", "10-31-2030", "01-31-2032", "09-30-2028", "01-31-2029", "01-31-2030", "01-31-2029", "09-30-2030", "03-31-2039", "10-31-2029", "01-31-2029", "07-31-2030", "08-04-2035", "10-31-2027", "08-31-2031", "01-31-2027"] |
| Aldi (NC), LLC | not yet reported | ["08-31-2030", "01-31-2036", "08-31-2028", "06-30-2031", "01-31-2031", "01-31-2035", "05-01-2033", "02-29-2032", "01-31-2029", "01-31-2027", "05-31-2028", "08-31-2028", "07-31-2027", "08-31-2026", "03-31-2031", "06-30-2035", "03-31-2030", "02-29-2028", "02-28-2031", "02-28-2031", "01-31-2032", "01-31-2032", "01-31-2028", "01-31-2027", "12-16-2028", "01-31-2026", "09-30-2032", "11-30-2026", "03-31-2029"] |
| Michael's #9813 | not yet reported | ["02-28-2031", "04-30-2028", "02-28-2034", "12-31-2027", "01-31-2028", "09-30-2032", "01-31-2029", "06-30-2026", "08-31-2028", "08-31-2033", "12-31-2027", "01-31-2035", "04-30-2029", "01-31-2027", "08-31-2029", "01-31-2029", "01-31-2032", "11-30-2028", "03-31-2031", "01-31-2031", "02-28-2031", "08-31-2033", "07-31-2027", "09-27-2025", "09-30-2026"] |
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 | $36.0M | Current | 6.45% | 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 | $36.0M | Current | 6.45% | 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 | $36.0M | Current | 6.45% | 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 | $36.0M | Current | 6.45% | 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 | $36.0M | Current | 6.45% | 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 | $36.0M | Current | 6.45% | 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 | $36.0M | Current | 6.45% | 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 | $36.0M | Current | 6.45% | 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 | $36.0M | Current | 6.45% | 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 | $36.0M | Current | 6.45% | 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 | $36.0M | Current | 6.45% | 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 2024 | $36.0M | Current | 6.45% | 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 2024 | $36.0M | Current | 6.45% | 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 2025 | $36.0M | Current | 6.45% | 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 2025 | $36.0M | Current | 6.45% | 1.88 | 2.03 | 98% | $0 | 09-30-2024 | $51.5M | $16.9M | $34.5M | $32.0M |
| March 2025 | $36.0M | Current | 6.45% | 1.88 | 2.03 | 98% | $0 | 09-30-2024 | $51.5M | $16.9M | $34.5M | $32.0M |
| April 2025 | $36.0M | Current | 6.45% | 1.88 | 2.03 | 98% | $0 | 09-30-2024 | $51.5M | $16.9M | $34.5M | $32.0M |
| May 2025 | $36.0M | Current | 6.45% | 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 | $35.5M | Current | 6.45% | 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 | $35.5M | Current | 6.45% | 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 2025 | $35.5M | Current | 6.45% | 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 2025 | $35.5M | Current | 6.45% | 2.05 | 2.20 | 95% | $0 | 03-31-2025 | $14.0M | $4.6M | $9.4M | $8.7M |
| October 2025 | $35.5M | Current | 6.45% | 2.05 | 2.20 | 95% | $0 | 03-31-2025 | $14.0M | $4.6M | $9.4M | $8.7M |
| November 2025 | $35.5M | Current | 6.45% | 2.05 | 2.20 | 95% | $0 | 03-31-2025 | $14.0M | $4.6M | $9.4M | $8.7M |
| December 2025 | $35.5M | Current | 6.45% | 2.05 | 2.20 | 95% | $0 | 03-31-2025 | $14.0M | $4.6M | $9.4M | $8.7M |
| January 2026 | $35.5M | Current | 6.45% | 2.05 | 2.20 | not yet reported | $0 | 03-31-2025 | $14.0M | $4.6M | $9.4M | $8.7M |
| February 2026 | $35.5M | Current | 6.45% | 2.05 | 2.20 | not yet reported | $0 | 03-31-2025 | $14.0M | $4.6M | $9.4M | $8.7M |
| March 2026 | $35.5M | Current | 6.45% | 2.05 | 2.20 | not yet reported | $0 | 03-31-2025 | $14.0M | $4.6M | $9.4M | $8.7M |
| April 2026 | $35.5M | Current | 6.45% | 2.05 | 2.20 | not yet reported | $0 | 03-31-2025 | $14.0M | $4.6M | $9.4M | $8.7M |
| May 2026 | $35.5M | Current | 6.45% | 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 | $35.5M | Current | 6.45% | 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 | $35.5M | Current | 6.45% | 2.02 | 2.17 | 100% | $0 | 03-31-2026 | $13.4M | $4.3M | $9.1M | $8.5M |
| August 2026 | $35.5M | Current | 6.45% | 2.02 | 2.17 | 100% | $0 | 03-31-2026 | $13.4M | $4.3M | $9.1M | $8.5M |
| September 2026 | $35.5M | Current | 6.45% | 2.02 | 2.17 | 100% | $0 | 03-31-2026 | $13.4M | $4.3M | $9.1M | $8.5M |
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: BBCMS Mortgage Trust 2023-C21; BBCMS Mortgage Trust 2023-C22; BBCMS Mortgage Trust 2024-C24; BBCMS Mortgage Trust 2024-C24; BBCMS Mortgage Trust 2024-C24; BBCMS Mortgage Trust 2024-C24.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.