← BMO 2026-C14 Mortgage Trust · Loan annex · CMBS market
- Deal
- BMO 2026-C14 Mortgage Trust
- Current balance
- $36.5M (September 2026)
- Share of deal
- 5.8%
- Status
- Current
- DSCR (latest)
- not yet reported
- Occupancy (latest)
- not yet reported
- Scheduled maturity
- 2036-02-01
Property and terms
| Property | BIRCH RUN PREMIUM OUTLETS |
| Address | 12240 SOUTH BEYER ROAD; Birch Run, MI 48415 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 593,930 |
| Year built | 1986 |
| Year last renovated | 2010 |
| Original balance | $55.0M |
| Current balance | $36.5M (September 2026) |
| Share of deal balance | 5.8% |
| Interest rate at origination | 6.46% |
| Current interest rate | 6.46% |
| Origination date | 01-06-2026 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | 24 months |
| Scheduled maturity | 2036-02-01 |
| Prepayment lockout end | 07-31-2035 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | Bank of Montreal, Natixis Real Estate Capital LLC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $158.7M | 10-19-2025 | MAI |
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| POTTERY BARN | 30,000 | 01-31-2027 |
| LEE WRANGLER | 23,975 | 01-31-2026 |
| OLD NAVY | 19,589 | 07-31-2027 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| February 2026 | $55.0M | Matured balloon, performing | 6.46% | 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 | $36.5M | Current | 6.46% | 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 2026 | $36.5M | Current | 6.46% | 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 2026 | $36.5M | Current | 6.46% | 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 | $36.5M | Current | 6.46% | 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 | $36.5M | Current | 6.46% | 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 | $36.5M | Current | 6.46% | 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 | $36.5M | Current | 6.46% | 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.
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 2026-C15 Mortgage Trust; BMO 2026-C15 Mortgage Trust; BMO 2026-C15 Mortgage Trust; BMO 2026-C15 Mortgage Trust; BMO 2026-C15 Mortgage Trust; Wells Fargo Commercial Mortgage Trust 2026-C66.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.