Office · Miami, Florida
Dadeland Centre I & II
Public CMBS trusts hold $51.5M of the loan on Dadeland Centre I & II at 7.40% that reaches maturity on May 6, 2035, in 8 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
- $51,500,000
- Original balance (same notes)
- $51,500,000
- Interest rate
- 7.40% fixed
- Originated
- April 15, 2025
- Maturity
- May 6, 2035
- Payments
- Interest only for 36 months, then amortizing
- Originator
- n/a
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 9150 and 9155 South Dadeland Boulevard, Miami, FL 33156
- Metro
- Miami-Fort Lauderdale-West Palm Beach, FL
- Rentable area
- 242,598 sq ft
- Built
- 2003, renovated 2015
- Largest tenants
- Cole Scott & Kissane 1008; Sioli & Associates PLLC; COLE SCOTT & KISSANE P.A 1508
- Value at securitization
- $86.4M (Apr 2025)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.63x | 1.62x |
| Occupancy | 94% | 94% |
| Net operating income (annualized from 6 months) | $7.0M | $6.3M |
| Debt yield | 12.3% |
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.
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 9% below the underwritten figure ($6.3M a year against $7.0M; the latest statement covers 6 months, annualized).
- The filing gives Mar 2034 as the lease end date for the largest tenant (Cole Scott & Kissane 1008), 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 | $51.5M | Current | No | 1.62x | 94% |
| August 2026 | $51.5M | Current | No | 1.50x | 95% |
| July 2026 | $51.5M | Current | No | 1.50x | 95% |
| June 2026 | $51.5M | Current | No | 1.50x | 95% |
| May 2026 | $51.5M | Current | No | 1.50x | 95% |
| April 2026 | $51.5M | Current | No | n/a | n/a |
| March 2026 | $51.5M | Current | No | n/a | n/a |
| February 2026 | $51.5M | Current | No | n/a | n/a |
| January 2026 | $51.5M | Current | No | n/a | n/a |
| December 2025 | $51.5M | Current | No | n/a | n/a |
| November 2025 | $51.5M | Current | No | n/a | n/a |
| October 2025 | $51.5M | 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-C12 Mortgage Trust | 4A | $27,895,833 | Sep 2026 | SEC filing, October 2, 2026 |
| BMO 2025-C12 Mortgage Trust | 4 | $23,604,167 | Sep 2026 | SEC filing, October 2, 2026 |
Other Miami-Fort Lauderdale-West Palm Beach loans due in 2035
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Shoppes at Dadeland | Miami, FL | Retail | $40.5M | 6.74% | Aug 2035 | 0.98x | 100% | Current |
| PGA Financial Plaza | Palm Beach Gardens, FL | Office | $17.0M | 6.36% | Oct 2035 | n/a | n/a | Current |
| Miramar Crossing | Miramar, FL | Retail | $5.5M | 6.32% | Apr 2035 | 3.05x | 96% | Current |
| Quantum on the Bay | Miami, FL | Office | $3.3M | 7.47% | Sep 2035 | n/a | n/a | 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.