Multifamily portfolio, 3 properties · Bridgman, Michigan
Sunset Landing
This portfolio is financed with a $6.3M CMBS loan at 5.74% 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
- $6,313,749
- Original balance (same notes)
- $6,350,000
- Interest rate
- 5.74% fixed
- Originated
- July 15, 2022
- Maturity
- August 6, 2032
- Payments
- Interest only for 24 months, then amortizing
- Prepayment lockout ends
- May 5, 2032
- Master servicer
- SCP Servicing, LLC
- Originator
- Sabal Capital II, LLC
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred January 28, 2025
- Workout strategy
- Foreclosure
- Defeasance
- None reported
The property
- Address
- 9587 Red Arrow Highway, Bridgman, MI 49106
- Value at securitization
- $9.6M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income | $653K | n/a |
Watch flags
Computed from the BMO 2022-C3 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
On the cmbs.news watch list in all 12 monthly reports we hold (October 2025 to September 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.
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| Sunset Landing | Bridgman, MI | Multifamily | n/a | n/a |
| Sunset Dunes | Bridgman, MI | Multifamily | n/a | n/a |
| Sunset Estates | Bridgman, MI | Multifamily | n/a | n/a |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $6.3M | 90+ days delinquent | Yes | n/a | n/a |
| August 2026 | $6.3M | 90+ days delinquent | Yes | n/a | n/a |
| July 2026 | $6.3M | 90+ days delinquent | Yes | n/a | n/a |
| June 2026 | $6.3M | 90+ days delinquent | Yes | n/a | n/a |
| May 2026 | $6.3M | 90+ days delinquent | Yes | n/a | n/a |
| April 2026 | $6.3M | 90+ days delinquent | Yes | 2.25x | 93% |
| March 2026 | $6.3M | 90+ days delinquent | Yes | 2.25x | 93% |
| February 2026 | $6.3M | 90+ days delinquent | Yes | 2.25x | 93% |
| January 2026 | $6.3M | 90+ days delinquent | Yes | 2.25x | 93% |
| December 2025 | $6.3M | 90+ days delinquent | Yes | 2.25x | 93% |
| November 2025 | $6.3M | 90+ days delinquent | Yes | 2.25x | 93% |
| October 2025 | $6.3M | 90+ days delinquent | Yes | 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.
Special-servicing history
- Transferred to the special servicer January 28, 2025, 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
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BMO 2022-C3 Mortgage Trust | 33 | $6,313,749 | Sep 2026 | SEC filing, October 2, 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.