Retail · Atlanta, Georgia
Cumberland Mall
Public CMBS trusts hold $180.0M of the loan on Cumberland Mall at 7.87% that reaches maturity on May 1, 2028, in 18 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $180,000,000
- Original balance (same notes)
- $388,000,000
- Interest rate
- 7.87% fixed
- Originated
- April 14, 2023
- Maturity
- May 1, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ends
- January 31, 2028
- Master servicer
- Midland Loan Services
- Originator
- MSBNA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 2860 Cumberland Mall Southeast, Atlanta, GA 30339
- Metro
- Atlanta-Sandy Springs-Roswell, GA
- Rentable area
- 709,318 sq ft
- Built
- 1973, renovated 2016
- Largest tenants
- Costco Warehouse; ROUND 1 BOWLING & AMUSEMENT; Dick's Sporting Goods
- Value at securitization
- $368.0M (Feb 2023)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.73x | 1.68x |
| Occupancy | 99% | 98% |
| Net operating income (annualized from 3 months) | $24.8M | $24.4M |
| Debt yield | 13.6% |
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 2023-5C1 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- Largest tenant's lease ends within 12 months
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 Nov 2026 as the lease end date for the largest tenant (Costco Warehouse), 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 | $180.0M | Current | No | 1.68x | 98% |
| August 2026 | $180.0M | Current | No | 1.68x | 98% |
| July 2026 | $180.0M | Late payment but less than 30 days delinquent | No | 1.74x | 99% |
| June 2026 | $180.0M | Current | No | 1.74x | 99% |
| May 2026 | $180.0M | Current | No | 1.61x | 99% |
| April 2026 | $180.0M | Current | No | 1.60x | 99% |
| March 2026 | $180.0M | Current | No | 1.60x | 99% |
| February 2026 | $180.0M | Current | No | 1.60x | 99% |
| January 2026 | $180.0M | Current | No | 1.60x | 99% |
| December 2025 | $180.0M | Current | No | 1.64x | 99% |
| November 2025 | $180.0M | Current | No | 1.64x | 98% |
| October 2025 | $180.0M | Current | No | 1.64x | 98% |
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 9 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Benchmark 2023-V2 Mortgage Trust | 3 | $65,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
| MSWF Commercial Mortgage Trust 2023-1 | 7 | $30,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
| BANK 2023-BNK46 | 9A | $23,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| BMO 2023-5C1 Mortgage Trust | 7A-3 | $15,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
| BMO 2023-5C1 Mortgage Trust | 7A-9 | $12,500,000 | Sep 2026 | SEC filing, October 2, 2026 |
| BMO 2023-5C1 Mortgage Trust | 7A-4 | $10,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
| BANK 2023-BNK46 | 9 | $10,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| BMO 2023-5C1 Mortgage Trust | 7A-11 | $7,500,000 | Sep 2026 | SEC filing, October 2, 2026 |
| BMO 2023-5C1 Mortgage Trust | 7A-5 | $7,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other Atlanta-Sandy Springs-Roswell loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 1025 Lenox Park | Atlanta, GA | Office | $75.0M | 7.913% | Oct 2028 | n/a | n/a | Current |
| The Prado | Sandy Springs, GA | Retail | $42.0M | 8.80% | Dec 2028 | 1.12x | 90% | Current |
| Hilton Garden Inn Atlanta Downtown | Atlanta, GA | Hotel | $39.5M | 8.39% | Nov 2028 | 2.07x | 77% | Current |
| Perimeter Square | Atlanta, GA | Retail | $35.0M | 5.545% | Nov 2028 | 1.67x | 100% | Current |
| 1000 Windward Concourse | Alpharetta, GA | Office | $29.7M | 4.995% | Nov 2028 | 0.58x | 43% | Current |
| Embassy Suites Atlanta Airport | Atlanta, GA | Hotel | $29.2M | 4.97% | Sep 2028 | 1.59x | 70% | Current |
| Embassy Suites Kennesaw | Kennesaw, GA | Hotel | $27.8M | 5.33% | Jul 2028 | 1.89x | 83% | Current |
| Bella at Norcross | Norcross, GA | Multifamily | $26.0M | 5.54% | Dec 2028 | 1.28x | 81% | Current |
All loans maturing in 2028 · All Atlanta-Sandy Springs-Roswell 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.