Hotel · Cape May, New Jersey
Montreal Beach Resort
Montreal Beach Resort is financed with a $25.8M CMBS loan at 7.50% that reaches maturity on June 6, 2033, in 6 years and 7 months. 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
- $25,766,600
- Original balance (same notes)
- $26,250,000
- Interest rate
- 7.50% fixed
- Originated
- May 12, 2023
- Maturity
- June 6, 2033
- Payments
- Interest only for 12 months, then amortizing
- Prepayment lockout ends
- March 5, 2033
- Master servicer
- Midland
- Originator
- BSPRT CMBS Finance, LLC
Status
- Payment status
- Late payment but less than 30 days delinquent (code B)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1025 Beach Avenue, Cape May, NJ 08204
- Metro
- Atlantic City-Hammonton, NJ
- Rentable area
- 37,242 sq ft
- Units, rooms or beds
- 69
- Built
- 1966, renovated 2022
- Value at securitization
- $42.5M (Jan 2023)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.95x | n/a |
| Occupancy | 54% | n/a |
| Net operating income | $4.3M | n/a |
Watch flags
Computed from the BMO 2023-C5 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.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $25.8M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| August 2026 | $25.8M | Current | No | n/a | n/a |
| July 2026 | $25.8M | Current | No | n/a | n/a |
| June 2026 | $25.8M | Current | No | n/a | n/a |
| May 2026 | $25.8M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| April 2026 | $25.9M | Late payment but less than 30 days delinquent | No | 2.88x | 94% |
| March 2026 | $25.9M | Late payment but less than 30 days delinquent | No | 2.88x | 94% |
| February 2026 | $25.9M | Late payment but less than 30 days delinquent | No | 2.88x | 94% |
| January 2026 | $25.9M | Current | No | 2.88x | 94% |
| December 2025 | $25.9M | Late payment but less than 30 days delinquent | No | 2.88x | 94% |
| November 2025 | $25.9M | Current | No | 2.88x | 94% |
| October 2025 | $26.0M | Current | No | 0.73x | 58% |
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-C5 Mortgage Trust | 12 | $25,766,600 | 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.