Industrial · Wilkes Barre, Pennsylvania
Saks Fulfillment Center
Public CMBS trusts hold $60.0M of the loan on Saks Fulfillment Center at 6.17% that reaches maturity on August 6, 2032, in 5 years and 9 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer and 90+ days delinquent.
The loan
- Balance in tracked trusts
- $60,000,000
- Original balance (same notes)
- $60,000,000
- Interest rate
- 6.17% fixed
- Originated
- August 2, 2022
- Maturity
- August 6, 2032
- Payments
- Interest only for the full term
- Prepayment lockout ends
- May 5, 2032
- Master servicer
- Midland
- Originator
- Bank of Montreal
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred April 14, 2026
- Workout strategy
- Other
- Defeasance
- None reported
The property
- Address
- 250 Highland Park Boulevard, Wilkes Barre, PA 18702
- Rentable area
- 822,771 sq ft
- Built
- 1990
- Largest tenants
- Saks & Company LLC
- Value at securitization
- $112.9M (Aug 2022)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.71x | 1.79x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 3 months) | $6.4M | $6.8M |
| Debt yield | 11.3% |
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 BBCMS Mortgage Trust 2022-C17 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
On the cmbs.news watch list in every report since April 2026.
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 6% above the underwritten figure ($6.8M a year against $6.4M; the latest statement covers 3 months, annualized).
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $60.0M | 90+ days delinquent | Yes | 1.79x | 100% |
| August 2026 | $60.0M | 90+ days delinquent | Yes | 1.79x | 100% |
| July 2026 | $60.0M | 90+ days delinquent | Yes | 1.79x | 100% |
| June 2026 | $60.0M | 60-89 days delinquent | Yes | 1.79x | 100% |
| May 2026 | $60.0M | 30-59 days delinquent | Yes | 1.79x | 100% |
| April 2026 | $60.0M | 30-59 days delinquent | No | 1.86x | 100% |
| March 2026 | $60.0M | Current | No | 1.86x | 100% |
| February 2026 | $60.0M | Current | No | 1.85x | 100% |
| January 2026 | $60.0M | Current | No | 1.85x | 100% |
| December 2025 | $60.0M | Current | No | 1.85x | 100% |
| November 2025 | $60.0M | Current | No | 1.85x | 100% |
| October 2025 | $60.0M | Current | No | 1.85x | 100% |
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.
Special-servicing history
- Transferred to the special servicer April 14, 2026, still there.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
The loan is split into 4 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BMO 2022-C3 Mortgage Trust | 10 | $27,500,000 | Sep 2026 | SEC filing, October 2, 2026 |
| BBCMS Mortgage Trust 2022-C17 | 16-A-2 | $17,500,000 | Sep 2026 | SEC filing, September 29, 2026 |
| BBCMS Mortgage Trust 2022-C18 | 24 | $10,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| BBCMS Mortgage Trust 2022-C17 | 16-A-5 | $5,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
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.