Multifamily portfolio, 3 properties · Multiple locations
Rosenberg Multifamily Portfolio
This portfolio is financed with a $19.3M CMBS loan at 7.30% that reaches maturity on February 6, 2029, in 2 years and 3 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
- $19,250,000
- Original balance (same notes)
- $19,250,000
- Interest rate
- 7.30% fixed
- Originated
- January 17, 2024
- Maturity
- February 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- November 5, 2028
- Master servicer
- Trimont LLC
- Originator
- Bank of Montreal
Status
- Payment status
- Late payment but less than 30 days delinquent (code B)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Units, rooms or beds
- 195
- Value at securitization
- $30.6M
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.46x | 1.22x |
| Occupancy | 97% | 94% |
| Net operating income (annualized from 3 months) | $2.1M | $1.7M |
| Debt yield | 9.0% |
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 BMO 2024-5C3 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 97% when the loan was securitized to 94%.
- Net operating income is 16% below the underwritten figure ($1.7M a year against $2.1M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.46x at securitization to 1.22x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $19.3M | Late payment but less than 30 days delinquent | No | 1.22x | 94% |
| August 2026 | $19.3M | Late payment but less than 30 days delinquent | No | 1.22x | 94% |
| July 2026 | $19.3M | Current | No | 1.22x | 94% |
| June 2026 | $19.3M | Current | No | 1.22x | 94% |
| May 2026 | $19.3M | Current | No | 1.63x | 95% |
| April 2026 | $19.3M | Current | No | 1.63x | 95% |
| March 2026 | $19.3M | Current | No | 1.63x | 95% |
| February 2026 | $19.3M | Current | No | 1.63x | 95% |
| January 2026 | $19.3M | Current | No | 1.63x | 95% |
| December 2025 | $19.3M | Current | No | 1.63x | 95% |
| November 2025 | $19.3M | Current | No | 1.63x | 95% |
| October 2025 | $19.3M | Current | No | 1.63x | 95% |
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 2024-5C3 Mortgage Trust | 22 | $19,250,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other multifamily loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Jackson Park | Long Island City, NY | Multifamily | $175.0M | 3.25% | Oct 2029 | 2.27x | 99% | Current |
| 620 W 153rd Street | New York, NY | Multifamily | $117.0M | 6.13% | Apr 2029 | 1.35x | 94% | Current |
| ICONIQ Multifamily Portfolio | Multifamily | $110.0M | 5.18% | Nov 2029 | 1.23x | 87% | Current | |
| City Hyde Park | Chicago, IL | Multifamily | $108.7M | 4.70% | Oct 2029 | 1.03x | 83% | Current |
| The Piazza | Philadelphia, PA | Multifamily | $108.5M | 5.91% | Aug 2029 | 1.15x | 100% | Current |
| 5452-5466 S. Ellis Avenue | Chicago, IL | Multifamily | $106.8M | 4.554% | Feb 2029 | n/a | n/a | Current |
| Tower 28 | Long Island City, NY | Multifamily | $102.7M | 3.784% | Apr 2029 | n/a | n/a | Current |
| Black Spruce - Briarwood and Prospect | NY | Multifamily | $91.2M | 6.567% | Dec 2029 | 1.23x | 97% | 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.