Multifamily portfolio, 2 properties · Owings Mills, Maryland
The Willard
Public CMBS trusts hold $66.5M of the loan on this portfolio at 6.58% that reaches maturity on October 6, 2035, in 8 years and 11 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $66,500,000
- Original balance (same notes)
- $66,500,000
- Interest rate
- 6.58% fixed
- Originated
- September 9, 2025
- Maturity
- October 6, 2035
- Payments
- Interest only for the full term
- Prepayment lockout ends
- July 5, 2035
- Master servicer
- Midland Loan Services
- Originator
- BSPRT CMBS Finance, LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 5000 Waverly Lane, Owings Mills, MD 21117
- Metro
- Baltimore-Columbia-Towson, MD
- Value at securitization
- $104.1M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income (annualized from 6 months) | $5.6M | $9.5M |
| Debt yield | 14.3% |
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 Wells Fargo Commercial Mortgage Trust 2025-C65 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 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
- Net operating income is 69% above the underwritten figure ($9.5M a year against $5.6M; the latest statement covers 6 months, annualized).
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| The Willard | Owings Mills, MD | Multifamily | 89% | 1.09x |
| The Met | Owings Mills, MD | Multifamily | 93% | 1.02x |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $66.5M | Current | No | 1.09x | 89% |
| August 2026 | $66.5M | Current | No | 1.09x | 89% |
| July 2026 | $66.5M | Current | No | n/a | n/a |
| June 2026 | $66.5M | Current | No | n/a | n/a |
| May 2026 | $66.5M | Current | No | n/a | n/a |
| April 2026 | $66.5M | Current | No | 1.49x | 92% |
| March 2026 | $66.5M | Current | No | 1.49x | 92% |
| February 2026 | $66.5M | Current | No | 1.49x | 92% |
| January 2026 | $66.5M | Current | No | n/a | n/a |
| December 2025 | $66.5M | Current | No | n/a | n/a |
| November 2025 | $66.5M | Current | No | n/a | n/a |
| October 2025 | $66.5M | Payment not received but still in grace period or not yet due | No | 1.20x | 94% |
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 |
|---|---|---|---|---|
| BMO 2025-C13 Mortgage Trust | 5 | $41,500,000 | Sep 2026 | SEC filing, October 2, 2026 |
| Wells Fargo Commercial Mortgage Trust 2025-C65 | 12 | $25,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Baltimore-Columbia-Towson loans due in 2035
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Metro Crossing Apartments | Owings Mills, MD | Mixed use | $70.0M | 6.99% | Jan 2035 | n/a | n/a | Current |
| CVS/Walgreens Portfolio | Ellicott City, MD | Retail | $24.0M | 6.892% | Aug 2035 | n/a | n/a | Current |
| Extra Space - Cockeysville | Cockeysville, MD | Self storage | $8.0M | 5.40% | Oct 2035 | 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.