Multifamily · Ocala, Florida
Arbor Glade
Arbor Glade is financed with a $2.7M CMBS loan at 7.04% that reaches maturity on February 1, 2035, in 8 years and 3 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer and 60-89 days delinquent.
The loan
- Balance in tracked trusts
- $2,705,000
- Original balance (same notes)
- $2,705,000
- Interest rate
- 7.04% fixed
- Originated
- January 10, 2025
- Maturity
- February 1, 2035
- Payments
- Interest only for the full term
- Prepayment lockout ends
- August 31, 2034
- Master servicer
- KeyBank National Association
- Originator
- KeyBank National Association
Status
- Payment status
- 60-89 days delinquent (code 2)
- Special servicing
- Transferred August 6, 2026
- Workout strategy
- TBD
- Defeasance
- None reported
The property
- Address
- 3140 Southeast 1st Avenue, Ocala, FL 34471
- Units, rooms or beds
- 32
- Built
- 1976, renovated 2024
- Value at securitization
- $4.1M (Dec 2024)
Performance
| At securitization | Latest (Sep 2025) | |
|---|---|---|
| DSCR (NOI) | 1.45x | 0.31x |
| Occupancy | 97% | 94% |
| Net operating income (annualized from 9 months) | $280K | $76K |
| Debt yield | 2.8% |
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 2025-C12 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- NOI down 20% or more from securitization
On the cmbs.news watch list in every report since February 2026.
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
- Net operating income is 73% below the underwritten figure ($76K a year against $280K; the latest statement covers 9 months, annualized).
- Debt service coverage moved from 1.45x at securitization to 0.31x on the latest statements.
- At 0.31x, the property's reported NOI does not cover its debt service.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $2.7M | 60-89 days delinquent | Yes | 0.31x | 94% |
| August 2026 | $2.7M | 30-59 days delinquent | No | 0.31x | 94% |
| July 2026 | $2.7M | Late payment but less than 30 days delinquent | No | 0.31x | 94% |
| June 2026 | $2.7M | Current | No | 0.31x | 94% |
| May 2026 | $2.7M | Current | No | 0.31x | 94% |
| April 2026 | $2.7M | Current | No | 0.31x | 94% |
| March 2026 | $2.7M | Late payment but less than 30 days delinquent | No | 0.31x | 94% |
| February 2026 | $2.7M | Current | No | 0.31x | 94% |
| January 2026 | $2.7M | Current | No | n/a | n/a |
| December 2025 | $2.7M | Current | No | n/a | n/a |
| November 2025 | $2.7M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| October 2025 | $2.7M | 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.
Special-servicing history
- Transferred to the special servicer August 6, 2026, still there.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BMO 2025-C12 Mortgage Trust | 36 | $2,705,000 | Sep 2026 | SEC filing, October 2, 2026 |
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.