Office · Independence, Ohio
Park Center Plaza I, Ii, III
Public CMBS trusts hold $31.6M of the loan on Park Center Plaza I, Ii, III at 6.90% that reaches maturity on December 6, 2035, in 9 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
- $31,586,546
- Original balance (same notes)
- $32,000,000
- Interest rate
- 6.90% fixed
- Originated
- November 13, 2025
- Maturity
- December 6, 2035
- Payments
- Amortizing over 23 years
- Prepayment lockout ends
- December 5, 2026
- Prepayment premium ends
- June 5, 2035 (yield maintenance)
- Master servicer
- Trimont LLC
- Originator
- Bank of Montreal
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 6100, 6150 and 6050 Oak Tree Boulevard, Independence, OH 44131
- Metro
- Cleveland, OH
- Rentable area
- 422,262 sq ft
- Built
- 1998
- Largest tenants
- United States of America; MAI Capital Management LLC; Travelers Indemnity Company
- Value at securitization
- $61.2M (Jun 2025)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.08x | 1.89x |
| Occupancy | 95% | 96% |
| Net operating income (annualized from 6 months) | $5.8M | $5.3M |
| Debt yield | 16.8% |
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 Wells Fargo Commercial Mortgage Trust 2026-C66 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 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
- Net operating income is 8% below the underwritten figure ($5.3M a year against $5.8M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.08x at securitization to 1.89x on the latest statements.
- The filing gives Jan 2035 as the lease end date for the largest tenant (United States of America), before the loan matures. Lenders look hard at that rollover.
The last 8 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $31.6M | Current | No | 1.89x | 96% |
| August 2026 | $31.6M | Current | No | n/a | n/a |
| July 2026 | $31.7M | Current | No | n/a | n/a |
| June 2026 | $31.7M | Current | No | n/a | n/a |
| May 2026 | $31.8M | Current | No | n/a | n/a |
| April 2026 | $31.8M | Current | No | 1.93x | 95% |
| March 2026 | $24.9M | Current | No | n/a | n/a |
| February 2026 | $24.9M | 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-C14 Mortgage Trust | 10 | $24,676,989 | Sep 2026 | SEC filing, October 2, 2026 |
| Wells Fargo Commercial Mortgage Trust 2026-C66 | 26 | $6,909,557 | Sep 2026 | SEC filing, September 29, 2026 |
Other Cleveland loans due in 2035
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Vista Apartments | Euclid, OH | Multifamily | $45.0M | 6.516% | Aug 2035 | n/a | n/a | Current |
| Windsor Building | Cleveland, OH | Retail | $38.0M | 7.50% | Oct 2035 | n/a | n/a | Current |
| Lakeside Commerce Center | Cleveland, OH | Industrial | $13.0M | 6.572% | Aug 2035 | n/a | n/a | Current |
| Highland Business Park | Warrensville Heights, OH | Mixed use | $10.4M | 7.46% | Feb 2035 | n/a | n/a | Current |
| Giant Eagle - Chardon | Chardon, OH | Retail | $6.4M | 6.73% | May 2035 | 2.04x | 100% | Current |
| Hampton Inn Cleveland Airport | Brooklyn, OH | Hotel | $6.0M | 6.712% | Aug 2035 | n/a | n/a | 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.