Retail · Baltimore, Maryland
Overlea Shopping Center
Overlea Shopping Center is financed with a $2.0M CMBS loan at 4.835% that reaches maturity on April 6, 2032, in 5 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
- $2,019,079
- Original balance (same notes)
- $2,170,000
- Interest rate
- 4.835% fixed
- Originated
- March 11, 2022
- Maturity
- April 6, 2032
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- October 5, 2031
- Master servicer
- Midland
- Originator
- BMO
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 6639-6663 Belair Road, Baltimore, MD 21206
- Metro
- Baltimore-Columbia-Towson, MD
- Rentable area
- 22,710 sq ft
- Built
- 1938, renovated 2004
- Largest tenants
- Dolgencorp Dollar General; PIZZA HUT OF MARYLAND, INC.; HALALCO LLC
- Value at securitization
- $3.1M (Oct 2021)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.68x | 1.16x |
| Occupancy | 94% | 61% |
| Net operating income (annualized from 3 months) | $230K | $161K |
| Debt yield | 8.0% |
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 Morgan Stanley Capital I Trust 2022-L8 filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% 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
- Occupancy has fallen from 94% when the loan was securitized to 61%.
- Net operating income is 30% below the underwritten figure ($161K a year against $230K; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.68x at securitization to 1.16x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $2.0M | Current | No | 1.16x | 61% |
| August 2026 | $2.0M | Current | No | 1.16x | 61% |
| July 2026 | $2.0M | Current | No | 1.16x | 61% |
| June 2026 | $2.0M | Current | No | n/a | n/a |
| May 2026 | $2.0M | Current | No | n/a | n/a |
| April 2026 | $2.0M | Current | No | 1.33x | 82% |
| March 2026 | $2.0M | Current | No | 1.33x | 82% |
| February 2026 | $2.0M | Current | No | 1.44x | 82% |
| January 2026 | $2.0M | Late payment but less than 30 days delinquent | No | 1.44x | 82% |
| December 2025 | $2.0M | Current | No | 1.44x | 82% |
| November 2025 | $2.1M | Current | No | 1.44x | 82% |
| October 2025 | $2.1M | Current | No | 0.41x | 50% |
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 |
|---|---|---|---|---|
| Morgan Stanley Capital I Trust 2022-L8 | 38 | $2,019,079 | Sep 2026 | SEC filing, October 2, 2026 |
Other Baltimore-Columbia-Towson loans due in 2032
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| One Merriweather | Columbia, MD | Office | $49.8M | 3.525% | Feb 2032 | 3.03x | 94% | Current |
| Perry Hall Centre And Perry Hall Square | Perry Hall, MD | Retail | $30.1M | 5.22% | May 2032 | 1.60x | 85% | Current |
| Two Merriweather | Columbia, MD | Office | $25.6M | 3.825% | Feb 2032 | 2.54x | 92% | Current |
| Mini U Storage Columbia | Columbia, MD | Self storage | $20.5M | 4.44% | Mar 2032 | n/a | n/a | Current |
| Crossroads Hotel Portfolio | Aberdeen, MD | Hotel | $15.1M | 6.081% | Apr 2032 | 1.74x | 55% | Current |
| Extra Space Storage - Baltimore | Middle River, MD | Self storage | $9.6M | 3.243% | Jan 2032 | 3.31x | 88% | Current |
| Harundale Plaza | Glen Burnie, MD | Retail | $9.3M | 4.20% | Apr 2032 | 3.01x | 83% | Current |
| Johns Hopkins | Laurel, MD | Office | $6.2M | 5.71% | Aug 2032 | 1.91x | 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.