Office · Holmdel, New Jersey
Bell Works
Public CMBS trusts hold $210.0M of the loan on Bell Works at 5.11% that reaches maturity on May 6, 2032, in 5 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
- $210,000,000
- Original balance (same notes)
- $210,000,000
- Interest rate
- 5.11% fixed
- Originated
- April 8, 2022
- Maturity
- May 6, 2032
- Payments
- Interest only for the full term
- Prepayment lockout ends
- March 5, 2032
- Master servicer
- KeyBank National Association
- Originator
- Citi Real Estate Funding Inc., Bank of Montreal
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 101 Crawfords Corner Road, Holmdel, NJ 07733
- Metro
- New York-Newark-Jersey City, NY-NJ
- Rentable area
- 1,371,470 sq ft
- Built
- 1962, renovated 2017
- Largest tenants
- iCIMS, Inc. 1st phase; Guardian Life Insurance Company of America; WorkWave LLC
- Value at securitization
- $335.2M (Jan 2022)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.82x | n/a |
| Occupancy | 91% | n/a |
| Net operating income | $19.8M | n/a |
Watch flags
Computed from the BMO 2022-C3 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.
What the filing shows
- The filing gives Dec 2030 as the lease end date for the largest tenant (iCIMS, Inc. 1st phase), 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 | $210.0M | Current | No | 1.90x | 93% |
| August 2026 | $210.0M | Current | No | 2.11x | 93% |
| July 2026 | $210.0M | Current | No | 2.11x | 93% |
| June 2026 | $210.0M | Current | No | 2.11x | 93% |
| May 2026 | $210.0M | Current | No | 2.11x | 93% |
| April 2026 | $210.0M | Late payment but less than 30 days delinquent | No | 2.11x | 93% |
| March 2026 | $210.0M | Current | No | 2.11x | 93% |
| February 2026 | $210.0M | Current | No | 2.06x | 91% |
| January 2026 | $210.0M | Current | No | 2.06x | 90% |
| December 2025 | $210.0M | Current | No | 2.28x | 90% |
| November 2025 | $210.0M | Current | No | 2.28x | 90% |
| October 2025 | $210.0M | Current | No | 3.12x | 90% |
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 8 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BENCHMARK 2022-B35 MORTGAGE TRUST | 9 | $50,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
| BBCMS Mortgage Trust 2022-C16 | 7 | $40,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| Citigroup Commercial Mortgage Trust 2022-GC48 | 7 | $40,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
| BMO 2022-C2 Mortgage Trust | 7 | $30,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
| BBCMS Mortgage Trust 2022-C17 | 13-A-6 | $15,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| Benchmark 2022-B37 Mortgage Trust | 18 | $15,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
| BBCMS Mortgage Trust 2022-C17 | 13-A-7 | $10,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| BMO 2022-C3 Mortgage Trust | 22 | $10,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other New York-Newark-Jersey City loans due in 2032
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 601 Lexington Avenue | New York, NY | Office | $573.3M | 2.792% | Jan 2032 | n/a | n/a | Current |
| 79 Fifth Avenue | New York, NY | Office | $240.0M | 4.92% | May 2032 | 0.93x | 99% | Current |
| 333 River Street | Hoboken, NJ | Multifamily | $125.0M | 2.315% | Jan 2032 | 7.49x | 98% | Current |
| 2 Riverfront Plaza | Newark, NJ | Office | $110.0M | 4.26% | Jan 2032 | 2.40x | 100% | Current |
| Rose Castle Apartments | Brooklyn, NY | Multifamily | $105.0M | 4.045% | Mar 2032 | 1.84x | 100% | Current |
| 330 West 34th Street Leased Fee | New York, NY | Mixed use | $100.0M | 4.55% | Sep 2032 | n/a | n/a | Current |
| 469 7th Avenue | New York, NY | Mixed use | $98.0M | 6.03% | Sep 2032 | 1.86x | 100% | Current |
| 39 Broadway | New York, NY | Office | $85.0M | 5.05% | Aug 2032 | 1.92x | 70% | 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.