Multifamily · Riverhead, New York
Marco MHC
Marco MHC is financed with a $2.1M CMBS loan at 7.91% that reaches maturity on July 6, 2028, in 20 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $2,125,630
- Original balance (same notes)
- $2,180,000
- Interest rate
- 7.91% fixed
- Originated
- n/a
- Maturity
- July 6, 2028
- Payments
- Amortizing over 30 years
- Master servicer
- KeyBank Real Estate Capital
- Originator
- SMC
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 235 Old Country Road, Riverhead, NY 11901
- Metro
- New York-Newark-Jersey City, NY-NJ
- Units, rooms or beds
- 41
- Built
- 1978
- Value at securitization
- $4.8M (May 2023)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | n/a | 0.70x |
| Occupancy | 85% | 88% |
| Net operating income | n/a | $132K |
| Debt yield | 6.2% |
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 2023-5C1 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- Coverage below 1.00x
On the cmbs.news watch list in every report since June 2026.
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
- At 0.70x, the property's reported NOI does not cover its debt service.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $2.1M | Not reported | No | 0.70x | 88% |
| August 2026 | $2.1M | Not reported | No | 0.70x | 88% |
| July 2026 | $2.1M | Not reported | No | 0.56x | 88% |
| June 2026 | $2.1M | Not reported | No | 0.56x | 88% |
| May 2026 | $2.1M | Not reported | No | 1.54x | 88% |
| April 2026 | $2.1M | Not reported | No | 1.54x | 88% |
| March 2026 | $2.1M | Not reported | No | 1.54x | 88% |
| February 2026 | $2.1M | Not reported | No | 1.54x | 88% |
| January 2026 | $2.1M | Not reported | No | 1.54x | 88% |
| December 2025 | $2.1M | Not reported | No | 1.54x | 88% |
| November 2025 | $2.1M | Not reported | No | 1.54x | 88% |
| October 2025 | $2.1M | Not reported | No | 1.40x | 83% |
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 2023-5C1 Mortgage Trust | 27 | $2,125,630 | Sep 2026 | SEC filing, October 2, 2026 |
Other New York-Newark-Jersey City loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| One SoHo Square | New York, NY | Office | $469.0M | 2.725% | Aug 2028 | 1.78x | 85% | With the special servicer |
| 11 West 42nd Street | New York, NY | Office | $274.0M | 7.44% | Jul 2028 | 1.27x | 99% | Current |
| Harborside 2-3 | Jersey City, NJ | Office | $225.0M | 5.84% | Apr 2028 | 2.29x | 76% | Current |
| 3 Park Avenue | New York, NY | Office | $182.0M | 4.75% | Dec 2028 | 0.61x | 47% | Current |
| Gateway Center South | Brooklyn, NY | Retail | $162.5M | 6.873% | Jun 2028 | 1.69x | 98% | Current |
| 685 Fifth Avenue Retail | New York, NY | Retail | $160.0M | 3.871% | Jul 2028 | 3.13x | 100% | With the special servicer |
| 1745 Broadway | New York, NY | Office | $144.0M | 3.768% | Jun 2028 | 2.52x | 88% | Current |
| 65 Broadway, New York (2028 maturity), loan 4Sb in CF 2019-CF1 Mortgage Trust | New York, NY | Office | $136.0M | 4.935% | Dec 2028 | n/a | n/a | Current |
All loans maturing in 2028 · All New York-Newark-Jersey City loans
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.