Self storage · New Castle, Indiana
Storage Crib
Storage Crib is financed with a $2.7M CMBS loan at 4.81% that reaches maturity on April 1, 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
- $2,670,000
- Original balance (same notes)
- $2,670,000
- Interest rate
- 4.81% fixed
- Originated
- April 1, 2022
- Maturity
- April 1, 2032
- Payments
- Interest only for the full term
- Prepayment lockout ends
- January 31, 2032
- Master servicer
- KeyBank National Association
- Originator
- KeyBank National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 2145 & 2146 Troy Ave 3509 IN-3 (aka 3509 South State Road 3), New Castle, IN 47362
- Rentable area
- 94,124 sq ft
- Units, rooms or beds
- 501
- Built
- 1976
- Value at securitization
- $4.3M (Oct 2021)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 2.08x | 3.00x |
| Occupancy | 92% | 84% |
| Net operating income | $270K | $390K |
| Debt yield | 14.6% |
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 2022-C2 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 92% when the loan was securitized to 84%.
- Net operating income is 44% above the underwritten figure ($390K a year against $270K).
- Debt service coverage moved from 2.08x at securitization to 3.00x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $2.7M | Current | No | 3.00x | 84% |
| August 2026 | $2.7M | Current | No | 3.00x | 84% |
| July 2026 | $2.7M | Current | No | 3.00x | 84% |
| June 2026 | $2.7M | Current | No | n/a | n/a |
| May 2026 | $2.7M | Current | No | n/a | n/a |
| April 2026 | $2.7M | Late payment but less than 30 days delinquent | No | 2.99x | 62% |
| March 2026 | $2.7M | Current | No | 2.99x | 62% |
| February 2026 | $2.7M | Current | No | 2.99x | 62% |
| January 2026 | $2.7M | Current | No | 2.99x | 62% |
| December 2025 | $2.7M | Current | No | 2.90x | n/a |
| November 2025 | $2.7M | Current | No | 2.90x | n/a |
| October 2025 | $2.7M | Current | No | 2.90x | 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
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BMO 2022-C2 Mortgage Trust | 38 | $2,670,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other Indiana loans due in 2032
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Kingston Square Apartments | Indianapolis, IN | Multifamily | $51.0M | 5.82% | Sep 2032 | n/a | n/a | Current |
| Chase St. | Gary, IN | Industrial | $42.0M | 5.92% | Jun 2032 | n/a | n/a | Current |
| 1919 Superior Street | Elkhart, IN | Industrial | $30.2M | 4.36% | Jul 2032 | n/a | n/a | Current |
| Holiday Inn Terre Haute Property | Terre Haute, IN | Hotel | $21.7M | 4.02% | May 2032 | n/a | n/a | Current |
| Jiffy and Dollar | Whiteland, IN | Retail | $13.1M | 5.184% | Mar 2032 | n/a | n/a | Current |
| 1468 West Hospital Road | Paoli, IN | Industrial | $11.4M | 5.94% | Oct 2032 | n/a | n/a | Current |
| Pavilions Shopping Center, Hobart | Hobart, IN | Retail | $9.4M | 5.38% | Aug 2032 | n/a | n/a | Current |
| South Park Business Center | Greenwood, IN | Office | $8.5M | 6.07% | Aug 2032 | 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.