Mixed use · Akron, Ohio
Everett Building
Everett Building is financed with a $4.1M CMBS loan at 4.07% that reaches maturity on December 6, 2031, in 5 years and 1 month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is late, less than 30 days.
The loan
- Balance in tracked trusts
- $4,083,832
- Original balance (same notes)
- $4,130,000
- Interest rate
- 4.07%
- Originated
- n/a
- Maturity
- December 6, 2031
- Payments
- Amortizing over 30 years
- Master servicer
- KeyBank Real Estate Capital
- Originator
- SMC
Status
- Payment status
- Late payment but less than 30 days delinquent (code B)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 39 East Market Street, Akron, OH 44308
- Metro
- Akron, OH
- Rentable area
- 27,340 sq ft
- Built
- 1870, renovated 2021
- Largest tenants
- The James B. Oswald Company; Lumis LLC; Samuel Cray
- Value at securitization
- $6.5M (Oct 2021)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | n/a | 1.41x |
| Occupancy | 91% | 76% |
| Net operating income (annualized from 6 months) | n/a | $340K |
| Debt yield | 8.3% |
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 2022-C1 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- Occupancy down 10 points or more from securitization
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 fallen from 91% when the loan was securitized to 76%.
- The filing gives Jun 2028 as the lease end date for the largest tenant (The James B. Oswald Company), 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 | $4.1M | Late payment but less than 30 days delinquent | No | 1.41x | 76% |
| August 2026 | $4.1M | Late payment but less than 30 days delinquent | No | 1.41x | 76% |
| July 2026 | $4.1M | Not reported | No | 1.75x | 95% |
| June 2026 | $4.1M | Not reported | No | 1.75x | 95% |
| May 2026 | $4.1M | Not reported | No | 1.83x | 95% |
| April 2026 | $4.1M | Late payment but less than 30 days delinquent | No | 1.83x | 95% |
| March 2026 | $4.1M | Not reported | No | 1.90x | 95% |
| February 2026 | $4.1M | Late payment but less than 30 days delinquent | No | 1.80x | 95% |
| January 2026 | $4.1M | Not reported | No | 1.80x | 95% |
| December 2025 | $4.1M | Not reported | No | 1.80x | 95% |
| November 2025 | $4.1M | Not reported | No | 1.80x | 76% |
| October 2025 | $4.1M | Not reported | No | 1.77x | 76% |
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 2022-C1 Mortgage Trust | 60 | $4,083,832 | Sep 2026 | SEC filing, October 2, 2026 |
Other Akron loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Summit Mall | Fairlawn, OH | Retail | $60.0M | 7.281% | Sep 2031 | n/a | n/a | Current |
| Whitewood Apartments | Twinsburg, OH | Multifamily | $20.3M | 6.30% | Jul 2031 | n/a | n/a | Current |
| 3900 Kinross | Richfield, OH | Office | $9.2M | 4.135% | Jan 2031 | 2.18x | 100% | Current |
| White Pond Villa | Akron, OH | Multifamily | $6.5M | 7.054% | Feb 2031 | 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.