Industrial portfolio, 2 properties · Philadelphia, Pennsylvania
Adare Dungan
This portfolio is financed with a $23.0M CMBS loan at 6.16% that reaches maturity on May 1, 2033, in 6 years and 6 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $23,000,000
- Original balance (same notes)
- $23,000,000
- Interest rate
- 6.16% fixed
- Originated
- April 12, 2023
- Maturity
- May 1, 2033
- Payments
- Interest only for the full term
- Prepayment lockout ends
- February 28, 2033
- Master servicer
- KeyBank National Association
- Originator
- KeyBank National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 7700-7744 Dungan Road, Philadelphia, PA 19111
- Metro
- Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
- Value at securitization
- $55.8M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income | $3.0M | n/a |
Watch flags
Computed from the BMO 2023-C5 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
None this month. No flag in the cmbs.news screen applies to this loan.
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| Adare Dungan | Philadelphia, PA | Warehouse | n/a | n/a |
| Adare Orthodox | Philadelphia, PA | Industrial | n/a | n/a |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $23.0M | Current | No | n/a | n/a |
| August 2026 | $23.0M | Current | No | n/a | n/a |
| July 2026 | $23.0M | Current | No | n/a | n/a |
| June 2026 | $23.0M | Current | No | n/a | n/a |
| May 2026 | $23.0M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| April 2026 | $23.0M | Current | No | 2.38x | n/a |
| March 2026 | $23.0M | Current | No | 2.38x | n/a |
| February 2026 | $23.0M | Current | No | 2.38x | n/a |
| January 2026 | $23.0M | Current | No | 1.09x | n/a |
| December 2025 | $23.0M | Late payment but less than 30 days delinquent | No | 1.09x | n/a |
| November 2025 | $23.0M | Current | No | 1.09x | n/a |
| October 2025 | $23.0M | Current | No | n/a | n/a |
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
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BMO 2023-C5 Mortgage Trust | 13 | $23,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other Philadelphia-Camden-Wilmington loans due in 2033
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Gloucester Premium Outlets | Blackwood, NJ | Retail | $75.0M | 6.124% | Mar 2033 | 2.66x | 80% | Current |
| Marriott Philadelphia West | West Conshohocken, PA | Hotel | $37.8M | 7.154% | Jul 2033 | 2.10x | 56% | Current |
| 3800 Horizon Blvd | Feasterville-Trevose, PA | Office | $21.7M | 6.99% | Apr 2033 | 0.80x | 57% | Current |
| 1027 Filbert Street (Gallery Garage) | Philadelphia, PA | Mixed use | $15.0M | 7.12% | Apr 2033 | n/a | n/a | Current |
| Union Square | New Hope, PA | Mixed use | $13.3M | 6.748% | Jun 2033 | 1.97x | 98% | Current |
| 801 Bridgeboro Road | Edgewater Park, NJ | Industrial | $13.0M | 6.97% | Jun 2033 | n/a | n/a | Current |
| Rittenhouse Multifamily | Philadelphia, PA | Multifamily | $6.3M | 6.583% | May 2033 | 1.43x | 100% | Current |
| 3800 Horizon Boulevard | Feasterville-Trevose, PA | Office | $4.9M | 6.99% | Apr 2033 | 0.80x | 57% | Current |
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.