Retail · Boise, Idaho
Boise Towne Square
Public CMBS trusts hold $77.3M of the loan on Boise Towne Square at 5.95% that reaches maturity on November 1, 2030, in 4 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $77,250,357
- Original balance (same notes)
- $78,000,000
- Interest rate
- 5.95% fixed
- Originated
- October 28, 2025
- Maturity
- November 1, 2030
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- July 31, 2030
- Master servicer
- Midland Loan Services
- Originator
- Deutsche Bank AG, New York Branch
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 350 N Milwaukee Street, Boise, ID 83704
- Metro
- Boise City, ID
- Rentable area
- 1,148,330 sq ft
- Built
- 1988, renovated 2015
- Largest tenants
- DILLARD'S; MACY'S; JCPENNEY
- Value at securitization
- $173.0M (Jun 2025)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 3.08x | 2.99x |
| Occupancy | 91% | 95% |
| Net operating income (annualized from 3 months) | $17.2M | $16.9M |
| Debt yield | 21.9% |
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 Benchmark 2026-V20 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 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
- Occupancy has risen from 91% when the loan was securitized to 95%.
The last 10 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $77.3M | Current | No | 2.99x | 95% |
| August 2026 | $77.3M | Current | No | 2.99x | 95% |
| July 2026 | $77.4M | Current | No | 2.99x | 95% |
| June 2026 | $77.5M | Current | No | n/a | n/a |
| May 2026 | $77.5M | Current | No | n/a | n/a |
| April 2026 | $77.6M | Current | No | n/a | n/a |
| March 2026 | $77.7M | Current | No | n/a | n/a |
| February 2026 | $77.8M | Current | No | n/a | n/a |
| January 2026 | $53.9M | Current | No | n/a | n/a |
| December 2025 | $53.9M | 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
The loan is split into 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BMO 2025-5C13 Mortgage Trust | 2 | $53,481,016 | Sep 2026 | SEC filing, October 2, 2026 |
| Benchmark 2026-V20 Mortgage Trust | 11 | $23,769,341 | Sep 2026 | SEC filing, October 1, 2026 |
Other Boise City loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Local Boise | Boise, ID | Multifamily | $59.0M | 5.915% | Feb 2030 | 1.09x | 98% | Current |
| Treasure Valley Marketplace | Nampa, ID | Retail | $47.6M | 7.11% | Apr 2030 | 1.50x | 97% | Current |
| Courtyard Boise | Meridian, ID | Hotel | $18.0M | 6.351% | Sep 2030 | 2.68x | 80% | Current |
| Springhill Suites Boise | Boise, ID | Hotel | $17.6M | 3.75% | Mar 2030 | 4.44x | 76% | Current |
| Treasure Valley Crossing | Nampa, ID | Retail | $9.9M | 3.511% | Feb 2030 | 3.92x | 100% | 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.