← Morgan Stanley Bank of America Merrill Lynch Trust 2026-C36 · Loan annex · CMBS market
- Deal
- Morgan Stanley Bank of America Merrill Lynch Trust 2026-C36
- Current balance
- $33.2M (September 2026)
- Share of deal
- 4.7%
- Status
- Current
- DSCR (latest)
- not yet reported
- Occupancy (latest)
- not yet reported
- Scheduled maturity
- 2036-08-06
Property and terms
| Property | ORCHARD AT SADDLEBACK |
| Address | 23716, 23730, 23632, 23740 AND 23760 EL TORO ROAD; CA 92630 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 280,601 |
| Year built | not yet reported |
| Year last renovated | not yet reported |
| Original balance | $33.2M |
| Current balance | $33.2M (September 2026) |
| Share of deal balance | 4.7% |
| Interest rate at origination | 6.81% |
| Current interest rate | 6.81% |
| Origination date | 07-31-2026 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2036-08-06 |
| Prepayment lockout end | not yet reported |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | MSMCH |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| Most recent reported | $143.8M | 2026-05-28 | MAI |
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| RALPHS | 55,105 | 06-30-2032 |
| HOMEGOODS | 25,000 | 10-31-2032 |
| PETSMART | 20,000 | 10-31-2030 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| August 2026 | $33.2M | Current | 6.81% | 1.34 | 1.34 | 98% | $0 | 03-31-2026 | $11.6M | $3.4M | $8.2M | $8.2M |
| September 2026 | $33.2M | Current | 6.81% | 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.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.