Self storage · Maple Shade, New Jersey
Mini U Storage - Maple Shade
Mini U Storage - Maple Shade is financed with a $4.0M CMBS loan at 6.79% that reaches maturity on July 1, 2033, in 6 years and 8 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $3,950,000
- Original balance (same notes)
- $3,950,000
- Interest rate
- 6.79% fixed
- Originated
- June 6, 2023
- Maturity
- July 1, 2033
- Payments
- Interest only for the full term
- Prepayment lockout ended
- August 31, 2025
- Prepayment premium ends
- April 30, 2033 (yield maintenance)
- Master servicer
- KeyBank National Association
- Originator
- KeyBank National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 2841 Route 73 South, Maple Shade, NJ 08052
- Metro
- Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
- Units, rooms or beds
- 343
- Built
- 1998
- Value at securitization
- $10.7M (Mar 2023)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.50x | 0.73x |
| Occupancy | 75% | n/a |
| Net operating income | $409K | $197K |
| Debt yield | 5.0% |
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 2023-C6 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- NOI down 20% or more from securitization
On the cmbs.news watch list in every report since July 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
- Net operating income is 52% below the underwritten figure ($197K a year against $409K).
- Debt service coverage moved from 1.50x at securitization to 0.73x on the latest statements.
- At 0.73x, 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 | $4.0M | Current | No | 0.73x | n/a |
| August 2026 | $4.0M | Current | No | 0.73x | n/a |
| July 2026 | $4.0M | Current | No | 0.73x | n/a |
| June 2026 | $4.0M | Current | No | n/a | n/a |
| May 2026 | $4.0M | Current | No | n/a | n/a |
| April 2026 | $4.0M | Current | No | 0.82x | n/a |
| March 2026 | $4.0M | Current | No | 0.83x | 99% |
| February 2026 | $4.0M | Current | No | 0.83x | 99% |
| January 2026 | $4.0M | Current | No | 0.83x | 99% |
| December 2025 | $4.0M | Current | No | 0.83x | 98% |
| November 2025 | $4.0M | Current | No | 0.83x | 98% |
| October 2025 | $4.0M | Current | No | 0.83x | 98% |
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-C6 Mortgage Trust | 32 | $3,950,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other Philadelphia-Camden-Wilmington loans due in 2033
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Gloucester Premium Outlets | Blackwood, NJ | Retail | $75.0M | 6.124% | Mar 2033 | 2.66x | 80% | Current |
| Marriott Philadelphia West | West Conshohocken, PA | Hotel | $37.8M | 7.154% | Jul 2033 | 2.10x | 56% | Current |
| Adare Dungan | Philadelphia, PA | Industrial | $23.0M | 6.16% | May 2033 | n/a | n/a | Current |
| 3800 Horizon Blvd | Feasterville-Trevose, PA | Office | $21.7M | 6.99% | Apr 2033 | 0.80x | 57% | Current |
| 1027 Filbert Street (Gallery Garage) | Philadelphia, PA | Mixed use | $15.0M | 7.12% | Apr 2033 | n/a | n/a | Current |
| Union Square | New Hope, PA | Mixed use | $13.3M | 6.748% | Jun 2033 | 1.97x | 98% | Current |
| 801 Bridgeboro Road | Edgewater Park, NJ | Industrial | $13.0M | 6.97% | Jun 2033 | n/a | n/a | Current |
| Rittenhouse Multifamily | Philadelphia, PA | Multifamily | $6.3M | 6.583% | May 2033 | 1.43x | 100% | 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.