Retail · North Charleston, South Carolina
Northwoods Mall
Public CMBS trusts hold $42.8M of the loan on Northwoods Mall at 9.12% that reaches maturity on April 6, 2031, in 4 years and 5 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $42,842,093
- Original balance (same notes)
- $43,000,000
- Interest rate
- 9.12% fixed
- Originated
- April 1, 2026
- Maturity
- April 6, 2031
- Payments
- Amortizing over 25 years
- Prepayment lockout ends
- October 5, 2030
- Master servicer
- Midland Loan Services
- Originator
- Bank of Montreal, 3650 Capital SCF LOE I(A), LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 2150, 2152, 2156 Northwoods Boulevard, North Charleston, SC 29406
- Metro
- Charleston-North Charleston, SC
- Rentable area
- 424,307 sq ft
- Built
- 1972, renovated 2004
- Largest tenants
- Candlewood Suites; Dillard's; JCPenney
- Value at securitization
- $90.5M (Feb 2026)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.96x | 1.69x |
| Occupancy | 94% | 92% |
| Net operating income (annualized from 6 months) | $8.6M | $14.9M |
| Debt yield | 34.7% |
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 2026-5C16 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- Coverage down 0.25x or more from securitization
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 73% above the underwritten figure ($14.9M a year against $8.6M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.96x at securitization to 1.69x on the latest statements.
The last 4 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $42.8M | Current | No | 1.69x | 92% |
| August 2026 | $42.9M | Current | No | n/a | n/a |
| July 2026 | $24.9M | Current | No | n/a | n/a |
| June 2026 | $25.0M | Current | No | n/a | n/a |
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 2026-5C15 Mortgage Trust | 12 | $24,908,193 | Sep 2026 | SEC filing, October 2, 2026 |
| BMO 2026-5C16 Mortgage Trust | 17 | $17,933,899 | Sep 2026 | SEC filing, October 2, 2026 |
Other Charleston-North Charleston loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Morrison Yard | Charleston, SC | Office | $52.5M | 7.284% | Jul 2031 | 1.68x | 98% | Current |
| Tides Folly Beach | Folly Beach, SC | Hotel | $41.6M | 3.814% | Sep 2031 | 2.45x | 77% | Current |
All loans maturing in 2031 · All Charleston-North Charleston 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.