Retail · Dartmouth, Massachusetts
Dartmouth Mall
Public CMBS trusts hold $56.0M of the loan on Dartmouth Mall at 7.125% that reaches maturity on October 6, 2035, in 8 years and 11 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $56,000,000
- Original balance (same notes)
- $56,000,000
- Interest rate
- 7.125% fixed
- Originated
- September 16, 2025
- Maturity
- October 6, 2035
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ends
- November 5, 2027
- Prepayment premium ends
- April 5, 2035 (yield maintenance)
- Master servicer
- Midland Loan Services
- Originator
- Bank of Montreal
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 200 North Dartmouth Mall, Dartmouth, MA 02747
- Metro
- Providence-Warwick, RI-MA
- Rentable area
- 519,827 sq ft
- Built
- 1971, renovated 2000
- Largest tenants
- Macy's #189; J.C. Penney #2165; AMC
- Value at securitization
- $95.0M (Jul 2025)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.85x | 3.14x |
| Occupancy | 97% | 97% |
| Net operating income (annualized from 3 months) | $8.4M | $7.8M |
| Debt yield | 14.0% |
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-C14 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 7% below the underwritten figure ($7.8M a year against $8.4M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.85x at securitization to 3.14x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $56.0M | Current | No | 3.14x | 97% |
| August 2026 | $56.0M | Current | No | 3.14x | 95% |
| July 2026 | $56.0M | Current | No | 3.14x | 95% |
| June 2026 | $56.0M | Current | No | n/a | n/a |
| May 2026 | $56.0M | Current | No | n/a | n/a |
| April 2026 | $56.0M | Current | No | n/a | n/a |
| March 2026 | $56.0M | Current | No | n/a | n/a |
| February 2026 | $56.0M | Current | No | n/a | n/a |
| January 2026 | $40.0M | Current | No | n/a | n/a |
| December 2025 | $40.0M | Current | No | n/a | n/a |
| November 2025 | $40.0M | Current | No | n/a | n/a |
| October 2025 | $40.0M | Payment not received but still in grace period or not yet due | 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-C13 Mortgage Trust | 7 | $40,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
| BMO 2026-C14 Mortgage Trust | 14 | $16,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other Providence-Warwick loans due in 2035
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Norton Links | Norton, MA | Multifamily | $28.8M | 6.08% | Jul 2035 | 1.19x | 93% | 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.