Self storage portfolio, 18 properties · Multiple locations
U-Haul AREC RW Portfolio
Public CMBS trusts hold $96.5M of the loan on this portfolio at 5.58% that reaches its anticipated repayment date on November 6, 2035, in 9 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $96,521,136
- Original balance (same notes)
- $98,000,000
- Interest rate
- 5.58% fixed
- Originated
- November 6, 2025
- Maturity
- November 6, 2050
- Anticipated repayment date
- November 6, 2035 (the rate steps up if the loan is not repaid by then)
- Payments
- Amortizing over 25 years
- Prepayment lockout ends
- March 5, 2028
- Prepayment premium ends
- May 5, 2035 (yield maintenance)
- Master servicer
- Trimont LLC
- Originator
- Bank of Montreal
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Units, rooms or beds
- 8,584
- Value at securitization
- $199.3M (Sep 2025)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.41x | 1.88x |
| Occupancy | 93% | 87% |
| Net operating income | $10.9M | $14.5M |
| Debt yield | 15.0% |
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 2026-C14 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 93% when the loan was securitized to 87%.
- Net operating income is 33% above the underwritten figure ($14.5M a year against $10.9M).
- Debt service coverage moved from 1.41x at securitization to 1.88x on the latest statements.
The last 8 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $96.5M | Current | No | 1.88x | 87% |
| August 2026 | $96.7M | Current | No | n/a | n/a |
| July 2026 | $96.8M | Current | No | n/a | n/a |
| June 2026 | $97.0M | Current | No | n/a | n/a |
| May 2026 | $97.1M | Current | No | n/a | n/a |
| April 2026 | $97.3M | Current | No | 1.44x | 93% |
| March 2026 | $62.6M | Current | No | n/a | n/a |
| February 2026 | $62.7M | 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 4 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BMO 2026-C14 Mortgage Trust | 1 | $57,124,754 | Sep 2026 | SEC filing, October 2, 2026 |
| Wells Fargo Commercial Mortgage Trust 2026-C66 | 6 | $19,698,191 | Sep 2026 | SEC filing, September 29, 2026 |
| Wells Fargo Commercial Mortgage Trust 2026-C66 | 6A | $14,773,643 | Sep 2026 | SEC filing, September 29, 2026 |
| BMO 2026-C14 Mortgage Trust | 1A | $4,924,548 | Sep 2026 | SEC filing, October 2, 2026 |
Other self storage loans due in 2035
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Uovo Qpn | New York, NY | Self storage | $143.0M | 6.485% | Feb 2035 | n/a | n/a | Current |
| UOVO Evergreen | Brooklyn, NY | Self storage | $105.0M | 5.896% | Oct 2035 | 1.65x | 92% | Current |
| U-Haul Moving & Storage of Moreno Valley | Moreno Valley, CA | Self storage | $67.9M | 5.58% | Nov 2035 | n/a | n/a | Current |
| Citadel - Hollywood Storage of Thousand Oaks | Thousand Oaks, CA | Self storage | $36.5M | 6.25% | Nov 2035 | 1.36x | 93% | Current |
| UOVO Orangeburg | Orangeburg, NY | Self storage | $35.0M | 6.485% | Feb 2035 | n/a | n/a | Current |
| Security Public Storage Bethesda | Bethesda, MD | Self storage | $24.8M | 5.989% | Sep 2035 | 1.68x | 100% | Current |
| All-Star Storage | Torrington, CT | Self storage | $21.4M | 6.635% | Feb 2035 | n/a | n/a | Current |
| Securlock at Allen Property | Allen, TX | Self storage | $19.3M | 6.20% | 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.