← BMO 2024-5C4 Mortgage Trust · Loan annex · CMBS market
- Deal
- BMO 2024-5C4 Mortgage Trust
- Current balance
- $70.0M (September 2026)
- Share of deal
- 8.1%
- Status
- Current
- DSCR (latest)
- 2.06
- Occupancy (latest)
- 100%
- Scheduled maturity
- 2029-04-06
Property and terms
| Property | FCA USA - Detroit, MI (and 19 more properties) |
| Address | 6836 Georgia Street; 52888 Shelby Parkway; 1340 Ridgeview Drive; 3580 Shaw Boulevard; 7408 Metropolitan Parkway; 1750 Production Drive; 184 Suburban Road; 728 N Main St.; 130 Enterprise Drive; 6501 Bingle Rd; 2024 Buck Lane; 686 South Adams Street 33 Shawnee Avenue; 301 Larcel Drive; 1850 Clark Road; 420 Carrie Avenue; 39 South Park Drive; 3050 South Hydraulic Avenue; 9 Old Mill Road; 2447 Eunice Ave; 513 West Butler Road; Detroit, MI (and 19 more) 48211 |
| 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 | ["2020", "2002", "2024", "2016", "2012", "1990", "2004", "2004"] |
| Original balance | $70.0M |
| Current balance | $70.0M (September 2026) |
| Share of deal balance | 8.1% |
| Interest rate at origination | 5.74% |
| Current interest rate | 5.74% |
| Origination date | 04-05-2024 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2029-04-06 |
| Prepayment lockout end | 04-05-2025 |
| Yield maintenance end | 10-05-2028 |
| 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 | $440.5M | 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"] |
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| FCA US LLC | not yet reported | ["07-02-2030", "10-31-2032", "12-31-2029", "12-31-2032", "06-30-2034", "10-31-2033", "07-31-2039", "07-31-2039", "11-30-2030", "09-30-2029", "04-30-2032", "12-31-2038", "01-31-2027", "01-17-2031", "03-25-2030", "07-31-2039", "10-31-2029", "07-31-2039", "07-31-2039", "07-31-2039"] |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| May 2024 | $70.0M | Current | 5.74% | 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 | $70.0M | Current | 5.74% | 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 | $70.0M | Current | 5.74% | 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 | $70.0M | Current | 5.74% | 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 | $70.0M | Current | 5.74% | 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 | $70.0M | Current | 5.74% | 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 | $70.0M | Current | 5.74% | 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 | $70.0M | Current | 5.74% | 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 | $70.0M | Current | 5.74% | 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 | $70.0M | Current | 5.74% | 1.93 | 1.97 | 100% | $0 | 09-30-2024 | $31.7M | $4.5M | $27.2M | $26.7M |
| March 2025 | $70.0M | Current | 5.74% | 1.93 | 1.97 | 100% | $0 | 09-30-2024 | $31.7M | $4.5M | $27.2M | $26.7M |
| April 2025 | $70.0M | Current | 5.74% | 1.93 | 1.97 | 100% | $0 | 09-30-2024 | $31.7M | $4.5M | $27.2M | $26.7M |
| May 2025 | $70.0M | Current | 5.74% | 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 | $70.0M | Current | 5.74% | 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 | $70.0M | Current | 5.74% | 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 | $70.0M | Current | 5.74% | 2.00 | 2.04 | 100% | $0 | 03-31-2025 | $8.0M | $930,452 | $7.0M | $6.9M |
| September 2025 | $70.0M | Current | 5.74% | 3.00 | 3.06 | 100% | $0 | 06-30-2025 | $31.7M | $3.5M | $28.2M | $27.6M |
| October 2025 | $70.0M | Current | 5.74% | 3.00 | 3.06 | 100% | $0 | 06-30-2025 | $31.7M | $3.5M | $28.2M | $27.6M |
| November 2025 | $70.0M | Current | 5.74% | 3.00 | 3.06 | 100% | $0 | 06-30-2025 | $31.7M | $3.5M | $28.2M | $27.6M |
| December 2025 | $70.0M | Current | 5.74% | 2.00 | 2.04 | 100% | $0 | 09-30-2025 | $31.7M | $3.5M | $28.2M | $27.6M |
| January 2026 | $70.0M | Current | 5.74% | 2.00 | 2.04 | 100% | $0 | 09-30-2025 | $31.7M | $3.5M | $28.2M | $27.6M |
| February 2026 | $70.0M | Current | 5.74% | 2.00 | 2.04 | 100% | $0 | 09-30-2025 | $31.7M | $3.5M | $28.2M | $27.6M |
| March 2026 | $70.0M | Current | 5.74% | 2.00 | 2.04 | 100% | $0 | 09-30-2025 | $31.7M | $3.5M | $28.2M | $27.6M |
| April 2026 | $70.0M | Current | 5.74% | 2.01 | 2.05 | 100% | $0 | 12-31-2025 | $31.7M | $3.4M | $28.3M | $27.7M |
| May 2026 | $70.0M | Current | 5.74% | 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 | $70.0M | Current | 5.74% | 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 | $70.0M | Current | 5.74% | 2.06 | 2.10 | 100% | $0 | 03-31-2026 | $8.1M | $840,205 | $7.2M | $7.1M |
| August 2026 | $70.0M | Current | 5.74% | 2.06 | 2.10 | 100% | $0 | 03-31-2026 | $8.1M | $840,205 | $7.2M | $7.1M |
| September 2026 | $70.0M | Current | 5.74% | 2.06 | 2.10 | 100% | $0 | 03-31-2026 | $8.1M | $840,205 | $7.2M | $7.1M |
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: Benchmark 2024-V7 Mortgage Trust; BMO 2024-5C5 Mortgage Trust.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.