Retail · Kalamazoo, Michigan
Maple Hill Pavilion
Maple Hill Pavilion is financed with a $23.2M CMBS loan at 6.07% that reaches maturity on May 6, 2033, in 6 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
- $23,237,544
- Original balance (same notes)
- $23,318,000
- Interest rate
- 6.07% fixed
- Originated
- May 5, 2023
- Maturity
- May 6, 2033
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ends
- February 5, 2033
- Master servicer
- SCP SERVICING, LLC
- Originator
- RRECM Capital II, LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 5022 West Main Street, Kalamazoo, MI 49009
- Rentable area
- 275,394 sq ft
- Built
- 1971
- Largest tenants
- Hobby Lobby Stores, Inc (#309); Marshalls of MA; BURLINGTON COAT FACTORY
- Value at securitization
- $33.6M (Feb 2023)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.74x | n/a |
| Occupancy | 99% | n/a |
| Net operating income | $2.9M | n/a |
Watch flags
Computed from the BMO 2023-C7 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
- The filing gives Oct 2028 as the lease end date for the largest tenant (Hobby Lobby Stores, Inc (#309)), 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 | $23.2M | Current | No | n/a | n/a |
| August 2026 | $23.3M | Current | No | n/a | n/a |
| July 2026 | $23.3M | Current | No | n/a | n/a |
| June 2026 | $23.3M | Current | No | n/a | n/a |
| May 2026 | $23.3M | Current | No | n/a | n/a |
| April 2026 | $23.3M | Current | No | 1.71x | n/a |
| March 2026 | $23.3M | Current | No | 1.72x | 92% |
| February 2026 | $23.3M | Current | No | 1.72x | 92% |
| January 2026 | $23.3M | Current | No | 1.72x | 92% |
| December 2025 | $23.3M | Current | No | 1.72x | 92% |
| November 2025 | $23.3M | Current | No | 1.72x | 92% |
| October 2025 | $23.3M | Late payment but less than 30 days delinquent | No | 1.72x | 92% |
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 2023-C7 Mortgage Trust | 16 | $23,237,544 | Sep 2026 | SEC filing, October 2, 2026 |
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.