Retail portfolio, 11 properties · Galax, Virginia
Twin County Plaza
Public CMBS trusts hold $53.0M of the loan on this portfolio at 6.815% that reaches maturity on October 6, 2033, in 6 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
- $53,000,000
- Original balance (same notes)
- $53,000,000
- Interest rate
- 6.815% fixed
- Originated
- September 8, 2023
- Maturity
- October 6, 2033
- Payments
- Interest only for the full term
- Prepayment lockout ends
- May 5, 2033
- Master servicer
- Midland Loan Services
- Originator
- Bank of Montreal
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1043-1091 E. Stuart Drive, Galax, VA 24333
- Value at securitization
- $78.1M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income (annualized from 3 months) | $6.1M | $5.6M |
| Debt yield | 10.5% |
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 2023-C7 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
- Net operating income is 8% below the underwritten figure ($5.6M a year against $6.1M; the latest statement covers 3 months, annualized).
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| Twin County Plaza | Galax, VA | Retail | n/a | n/a |
| Prestonsburg Village | Prestonsburg, KY | Retail | n/a | n/a |
| Village Center | Seymour, IN | Retail | n/a | n/a |
| River Creek Village | Aurora, IN | Retail | n/a | n/a |
| Jackson Park | Seymour, IN | Retail | n/a | n/a |
| Wabash Crossing West | Wabash, IN | Retail | n/a | n/a |
| Regency Retail Portfolio (Oak Station) | Marianna, FL | Retail | 91% | 1.50x |
| College Square Plaza | Rensselaer, IN | Retail | n/a | n/a |
| Lowell Plaza | Lowell, IN | Retail | n/a | n/a |
| Flint River Plaza | Montezuma, GA | Retail | n/a | n/a |
| Jackson Square | Jackson, AL | Retail | n/a | n/a |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $53.0M | Current | No | n/a | n/a |
| August 2026 | $53.0M | Current | No | n/a | n/a |
| July 2026 | $42.9M | Current | No | n/a | n/a |
| June 2026 | $53.0M | Current | No | n/a | n/a |
| May 2026 | $53.0M | Current | No | n/a | n/a |
| April 2026 | $53.0M | Current | No | n/a | n/a |
| March 2026 | $53.0M | Current | No | n/a | n/a |
| February 2026 | $53.0M | Current | No | n/a | n/a |
| January 2026 | $53.0M | Current | No | n/a | n/a |
| December 2025 | $53.0M | Current | No | n/a | n/a |
| November 2025 | $53.0M | Current | No | n/a | n/a |
| October 2025 | $53.0M | Current | 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 |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2023-C22 | 8 | $40,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| BMO 2023-C7 Mortgage Trust | 25 | $13,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other Virginia loans due in 2033
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Ashburn Data Center | Ashburn, VA | Office | $60.0M | 5.95% | Jun 2033 | 2.49x | 99% | Current |
| North Run Business Park | Richmond, VA | Industrial | $34.0M | 7.37% | Jun 2033 | 1.27x | 83% | Current |
| Chesterfield Marketplace | North Chesterfield, VA | Retail | $15.5M | 6.623% | May 2033 | 1.42x | 100% | Current |
| Coleman Marketplace | Danville, VA | Retail | $14.3M | 6.65% | Jul 2033 | 1.90x | 93% | Current |
| Lorton Station Medical Center - Va | Lorton, VA | Office | $13.5M | 7.596% | Jul 2033 | 1.52x | 100% | Current |
| Autozone Center | Leesburg, VA | Retail | $11.3M | 7.15% | Jun 2033 | 1.85x | 97% | Current |
| Mini U Storage - Springfield | Springfield, VA | Self storage | $7.0M | 6.60% | May 2033 | n/a | n/a | Current |
| CVS - Fredericksburg | Fredericksburg, VA | Retail | $3.7M | 6.83% | Apr 2033 | 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.