Retail · Chardon, Ohio
Giant Eagle - Chardon
Giant Eagle - Chardon is financed with a $6.4M CMBS loan at 6.73% 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
- $6,416,323
- Original balance (same notes)
- $6,500,000
- Interest rate
- 6.73% fixed
- Originated
- May 1, 2025
- Maturity
- May 6, 2035
- Payments
- Amortizing over 30 years
- Prepayment lockout ended
- May 5, 2026
- Prepayment premium ends
- November 5, 2034 (yield maintenance)
- Master servicer
- Trimont LLC
- Originator
- Bank of Montreal
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 351 Center Street, Chardon, OH 44024
- Metro
- Cleveland, OH
- Rentable area
- 80,000 sq ft
- Built
- 2000
- Largest tenants
- RISER FOODS COMPANY
- Value at securitization
- $15.4M (Dec 2024)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.93x | 2.04x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $977K | $1.0M |
| Debt yield | 16.2% |
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 6% above the underwritten figure ($1.0M a year against $977K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.93x at securitization to 2.04x on the latest statements.
- The filing gives Aug 2030 as the lease end date for the largest tenant (RISER FOODS 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 | $6.4M | Current | No | 2.04x | 100% |
| August 2026 | $6.4M | Current | No | 2.04x | 100% |
| July 2026 | $6.4M | Current | No | 2.04x | 100% |
| June 2026 | $6.4M | Current | No | 2.01x | 100% |
| May 2026 | $6.4M | Current | No | 2.01x | 100% |
| April 2026 | $6.4M | Current | No | n/a | n/a |
| March 2026 | $6.4M | Current | No | n/a | n/a |
| February 2026 | $6.5M | Current | No | n/a | n/a |
| January 2026 | $6.5M | Current | No | n/a | n/a |
| December 2025 | $6.5M | Current | No | n/a | n/a |
| November 2025 | $6.5M | Current | No | n/a | n/a |
| October 2025 | $6.5M | 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
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BMO 2025-C12 Mortgage Trust | 31 | $6,416,323 | Sep 2026 | SEC filing, October 2, 2026 |
Other Cleveland loans due in 2035
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Vista Apartments | Euclid, OH | Multifamily | $45.0M | 6.516% | Aug 2035 | n/a | n/a | Current |
| Windsor Building | Cleveland, OH | Retail | $38.0M | 7.50% | Oct 2035 | n/a | n/a | Current |
| Park Center Plaza I, Ii, III | Independence, OH | Office | $31.6M | 6.90% | Dec 2035 | 1.89x | 96% | Current |
| Lakeside Commerce Center | Cleveland, OH | Industrial | $13.0M | 6.572% | Aug 2035 | n/a | n/a | Current |
| Highland Business Park | Warrensville Heights, OH | Mixed use | $10.4M | 7.46% | Feb 2035 | n/a | n/a | Current |
| Hampton Inn Cleveland Airport | Brooklyn, OH | Hotel | $6.0M | 6.712% | Aug 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.