Office · Boston, Massachusetts
125 Summer
Public CMBS trusts hold $102.6M of the loan on 125 Summer at 6.567% that reaches maturity on November 6, 2029, in 3 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $102,635,000
- Original balance (same notes)
- $102,635,000
- Interest rate
- 6.567% fixed
- Originated
- October 8, 2024
- Maturity
- November 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- November 5, 2026
- Prepayment premium ends
- August 5, 2029 (yield maintenance)
- Master servicer
- Midland Loan Services
- Originator
- German American Capital Corporation; Bank of Montreal
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 125 Summer Street, Boston, MA 2111
- Metro
- Boston-Cambridge-Newton, MA-NH
- Rentable area
- 494,357 sq ft
- Built
- 1987, renovated 2016
- Largest tenants
- Klaviyo; Haemonetics Corporation; Analog Devices
- Value at securitization
- $167.9M (Jul 2024)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 2.69x | 1.92x |
| Occupancy | 81% | 89% |
| Net operating income (annualized from 3 months) | $18.4M | $13.3M |
| Debt yield | 13.0% |
Debt yield here is the latest NOI divided by the balance held in the trusts below. If part of the loan sits outside them, the true figure is lower.
Watch flags
Computed from the BMO 2024-5C8 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- Coverage down 0.25x or more from securitization
- NOI down 20% or more from securitization
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
What the filing shows
- Occupancy has risen from 81% when the loan was securitized to 89%.
- Net operating income is 28% below the underwritten figure ($13.3M a year against $18.4M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 2.69x at securitization to 1.92x on the latest statements.
- The filing gives Mar 2028 as the lease end date for the largest tenant (Klaviyo), before the loan matures. Lenders look hard at that rollover.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $102.6M | Current | No | 1.92x | 89% |
| August 2026 | $102.6M | Current | No | 1.92x | 84% |
| July 2026 | $102.6M | Current | No | 1.92x | 84% |
| June 2026 | $102.6M | Current | No | 1.92x | 84% |
| May 2026 | $102.6M | Current | No | 2.41x | 79% |
| April 2026 | $102.6M | Current | No | 2.41x | 79% |
| March 2026 | $102.6M | Current | No | 2.41x | 79% |
| February 2026 | $102.6M | Current | No | 1.82x | 79% |
| January 2026 | $102.6M | Current | No | 1.82x | 79% |
| December 2025 | $102.6M | Current | No | 2.60x | 79% |
| November 2025 | $102.6M | Current | No | 2.60x | 79% |
| October 2025 | $102.6M | Current | No | 2.60x | 79% |
From each trust's ABS-EE filing for that month. Coverage and occupancy change only when the servicer reports new statements. If one trust holding a piece of the loan skipped a month, that month's balance reads low.
Where the loan sits
The loan is split into 4 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BMO 2024-5C7 Mortgage Trust | 4 | $60,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
| BBCMS Mortgage Trust 2024-5C31 | 10 | $30,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| BMO 2024-5C8 Mortgage Trust | 28 | $7,581,000 | Sep 2026 | SEC filing, October 2, 2026 |
| BMO 2024-5C8 Mortgage Trust | 28A | $5,054,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other Boston-Cambridge-Newton loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 610 Main Street North | Cambridge, MA | Mixed use | $160.0M | 3.797% | Jun 2029 | n/a | n/a | Current |
| 39R Medford Street | Somerville, MA | Self storage | $118.0M | 5.99% | Sep 2029 | n/a | n/a | Current |
| 30 Jacks Bridge Road | Londonderry, NH | Industrial | $116.0M | 3.82% | Nov 2029 | n/a | n/a | Current |
| 200 Sidney | Cambridge, MA | Mixed use | $103.5M | 5.488% | Aug 2029 | n/a | n/a | Current |
| Linx | Watertown, MA | Mixed use | $94.0M | 5.795% | Sep 2029 | 2.22x | 90% | Current |
| 201 Merrimack Street | Lawrence, MA | Industrial | $62.5M | 6.89% | Sep 2029 | n/a | n/a | Current |
| 280 and 290 Merrimack Street | Lawrence, MA | Mixed use | $60.0M | 7.01% | Dec 2029 | n/a | n/a | Current |
| Wareham Crossing | Wareham, MA | Retail | $48.6M | 6.421% | Nov 2029 | 2.06x | 97% | Current |
All loans maturing in 2029 · All Boston-Cambridge-Newton loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.