Mixed use · Newport, Kentucky
Newport on the Levee
Public CMBS trusts hold $41.5M of the loan on Newport on the Levee at 8.405% that reaches maturity on December 1, 2029, in 3 years and 1 month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $41,508,811
- Original balance (same notes)
- $42,000,000
- Interest rate
- 8.405% fixed
- Originated
- November 21, 2024
- Maturity
- December 1, 2029
- Payments
- Amortizing over 30 years
- Prepayment lockout ended
- December 31, 2025
- Prepayment premium ends
- May 31, 2029 (yield maintenance)
- Master servicer
- Wells Fargo Bank, NA
- Originator
- Bank of Montreal
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 1 Levee Way, Newport, KY 41071
- Metro
- Cincinnati, OH-KY-IN
- Rentable area
- 365,591 sq ft
- Built
- 2001, renovated 2021
- Largest tenants
- AMC; Velocity Esports Expansion; Velocity Esports
- Value at securitization
- $105.3M (Sep 2024)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.82x | 1.90x |
| Occupancy | 81% | 75% |
| Net operating income (annualized from 6 months) | $7.0M | $7.4M |
| Debt yield | 17.7% |
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 2025-5C10 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
- Occupancy has fallen from 81% when the loan was securitized to 75%.
- Net operating income is 5% above the underwritten figure ($7.4M a year against $7.0M; the latest statement covers 6 months, annualized).
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $41.5M | Current | No | 1.90x | 75% |
| August 2026 | $41.5M | Current | No | 1.90x | 75% |
| July 2026 | $41.5M | Current | No | 1.46x | 76% |
| June 2026 | $41.6M | Current | No | 1.46x | 76% |
| May 2026 | $41.6M | Current | No | 1.76x | 76% |
| April 2026 | $41.6M | Late payment but less than 30 days delinquent | No | 1.76x | 76% |
| March 2026 | $41.7M | Late payment but less than 30 days delinquent | No | 1.76x | 76% |
| February 2026 | $41.7M | Current | No | 1.76x | 76% |
| January 2026 | $41.7M | Current | No | 1.80x | 71% |
| December 2025 | $41.7M | Current | No | 1.80x | 71% |
| November 2025 | $41.8M | Current | No | 1.80x | 71% |
| October 2025 | $41.8M | Current | No | 1.80x | 77% |
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
The loan is split into 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BMO 2024-5C8 Mortgage Trust | 11 | $29,649,150 | Sep 2026 | SEC filing, October 2, 2026 |
| BMO 2025-5C10 Mortgage Trust | 21 | $11,859,660 | Sep 2026 | SEC filing, October 2, 2026 |
Other Cincinnati loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Kenwood Towne Centre | Cincinnati, OH | Retail | $260.0M | 6.271% | Mar 2029 | n/a | n/a | Current |
| Boulevard at Oakley Station Phase II | Cincinnati, OH | Multifamily | $23.8M | 6.20% | Sep 2029 | 1.78x | 97% | Current |
| 3409, 3411, 3413 & 3415 Mchenry Avenue | Cincinnati, OH | Multifamily | $17.6M | 7.59% | May 2029 | n/a | n/a | Late, less than 30 days |
| Home2suites Florence | Florence, KY | Hotel | $11.3M | 7.022% | Jun 2029 | 2.15x | 85% | Current |
| Hunters Run | Lebanon, OH | Multifamily | $8.5M | 7.60% | May 2029 | 1.56x | 88% | Current |
| Sharonville Plaza | Sharonville, OH | Retail | $7.7M | 4.089% | Nov 2029 | 2.45x | 100% | Current |
| Comfort Suites - Florence | Florence, KY | Hotel | $6.2M | 4.369% | Dec 2029 | n/a | n/a | Current |
| Silver Oak Estates | Cincinnati, OH | Multifamily | $6.1M | 5.35% | Feb 2029 | 2.71x | 98% | 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.