Mixed use · Buffalo, New York
Seneca One
Public CMBS trusts hold $71.0M of the loan on Seneca One at 7.13% that reaches maturity on March 6, 2031, in 4 years and 4 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $71,000,000
- Original balance (same notes)
- $71,000,000
- Interest rate
- 7.13% fixed
- Originated
- February 18, 2026
- Maturity
- March 6, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- September 5, 2030
- Master servicer
- KeyBank National Association
- Originator
- Bank of Montreal
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1 Seneca Street, 3 Seneca Street, 222 Main Street an 222 Main Street and 177 Washington Street, Buffalo, NY 14210
- Metro
- Buffalo-Cheektowaga, NY
- Rentable area
- 915,577 sq ft
- Built
- 1972, renovated 2021
- Largest tenants
- M&T Bank; Highmark Health; Serendipity Labs
- Value at securitization
- $168.0M (Dec 2025)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 2.24x | n/a |
| Occupancy | 60% | n/a |
| Net operating income | $11.5M | n/a |
Watch flags
Computed from the BMO 2026-5C15 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.
The last 6 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $71.0M | Current | No | n/a | n/a |
| August 2026 | $71.0M | Current | No | n/a | n/a |
| July 2026 | $71.0M | Current | No | n/a | n/a |
| June 2026 | $71.0M | Current | No | n/a | n/a |
| May 2026 | $51.0M | Not reported | No | n/a | n/a |
| April 2026 | $51.0M | Not reported | 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 |
|---|---|---|---|---|
| Benchmark 2026-V21 Mortgage Trust | 7-A-1 | $51,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
| BMO 2026-5C15 Mortgage Trust | 13 | $20,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other Buffalo-Cheektowaga loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Coventry Green Apartments | Clarence, NY | Multifamily | $36.3M | 5.70% | Apr 2031 | n/a | n/a | Current |
| 315 Ship Canal | Buffalo, NY | Industrial | $24.0M | 6.77% | May 2031 | n/a | n/a | Current |
| Burroughs Commons | Amherst, NY | Multifamily | $7.2M | 3.909% | May 2031 | n/a | n/a | Late, less than 30 days |
| Shamrock Mhc | Lackawanna, NY | Manufactured housing | $2.5M | 4.695% | May 2031 | 2.59x | 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.