Retail · Bowie, Maryland
Bowie Town Center
Bowie Town Center is financed with a $35.0M CMBS loan at 6.995% that reaches maturity on February 6, 2031, in 4 years and 3 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $35,000,000
- Original balance (same notes)
- $35,000,000
- Interest rate
- 6.995% fixed
- Originated
- January 23, 2026
- Maturity
- February 6, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- November 5, 2030
- Master servicer
- Midland Loan Services
- Originator
- BSPRT CMBS Finance, LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 15400 and 15606 Emerald Way 4000 Town Center Blvd, 15500 Excelsior Dr, Bowie, MD 20716
- Metro
- Washington-Arlington-Alexandria, DC-VA-MD-WV
- Rentable area
- 293,099 sq ft
- Built
- 2001
- Largest tenants
- LA Fitness; Off Broadway Shoes; Barnes and Noble
- Value at securitization
- $52.5M (Nov 2025)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.87x | 2.15x |
| Occupancy | 90% | n/a |
| Net operating income (annualized from 6 months) | $4.6M | $10.7M |
| Debt yield | 30.7% |
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 2026-5C14 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
- Net operating income is 132% above the underwritten figure ($10.7M a year against $4.6M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.87x at securitization to 2.15x on the latest statements.
The last 7 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $35.0M | Current | No | 2.15x | n/a |
| August 2026 | $35.0M | Current | No | 2.15x | n/a |
| July 2026 | $35.0M | Current | No | n/a | n/a |
| June 2026 | $35.0M | Current | No | n/a | n/a |
| May 2026 | $35.0M | Current | No | n/a | n/a |
| April 2026 | $35.0M | Current | No | n/a | n/a |
| March 2026 | $35.0M | 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 2026-5C14 Mortgage Trust | 5 | $35,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other Washington-Arlington-Alexandria loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 1100 First Street NE | Washington, DC | Office | $146.0M | 3.002% | Oct 2031 | n/a | n/a | With the special servicer and 30-59 days delinquent |
| Project Embassy | Washington, DC | Mixed use | $140.0M | 7.542% | Aug 2031 | n/a | n/a | Current |
| Three Constitution Square | Washington, DC | Office | $96.0M | 2.579% | May 2031 | 5.35x | 100% | Current |
| National Cancer Institute Center | Frederick, MD | Office | $83.0M | 2.759% | Jun 2031 | 4.24x | 100% | Current |
| Unizo Four for 1100 First Street | Washington, DC | Office | $65.0M | 3.002% | Oct 2031 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Mall at Prince Georges | Hyattsville, MD | Retail | $57.9M | 7.355% | Jun 2031 | n/a | n/a | Current |
| The Landing at Woodyard | Clinton, MD | Retail | $44.5M | 3.74% | Jul 2031 | 2.30x | 100% | Current |
| Crescent Gateway | Bethesda, MD | Mixed use | $43.0M | 4.03% | Feb 2031 | 1.55x | 100% | Current |
All loans maturing in 2031 · All Washington-Arlington-Alexandria 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.