Industrial portfolio, 2 properties · Cincinnati, Ohio
Vvf
This portfolio is financed with a $20.8M CMBS loan at 4.80% that reaches maturity on April 6, 2032, in 5 years and 5 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
- $20,820,000
- Original balance (same notes)
- $20,820,000
- Interest rate
- 4.80% fixed
- Originated
- March 11, 2022
- Maturity
- April 6, 2032
- Payments
- Interest only for the full term
- Prepayment lockout ends
- January 5, 2032
- Master servicer
- Midland Loan Services
- Originator
- Bank of Montreal
Status
- Payment status
- 90+ days delinquent (code 3)
- Special servicing
- Transferred June 6, 2024
- Workout strategy
- Other
- Modified
- Yes, most recently May 6, 2025
- Defeasance
- None reported
The property
- Address
- 5177 Spring Grove Avenue, Cincinnati, OH 45217
- Metro
- Cincinnati, OH-KY-IN
- Built
- 1888, renovated 2005
- Largest tenants
- B&G Foods North America, Inc.
- Value at securitization
- $35.9M (Jan 2022)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 2.43x | n/a |
| Occupancy | 100% | n/a |
| Net operating income | $2.5M | n/a |
Watch flags
Computed from the BBCMS Mortgage Trust 2022-C15 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- With the special servicer
- 30+ days delinquent or matured unpaid
- Modified
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.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $20.8M | 90+ days delinquent | Yes | n/a | n/a |
| August 2026 | $20.8M | 90+ days delinquent | Yes | n/a | n/a |
| July 2026 | $20.8M | 60-89 days delinquent | Yes | n/a | n/a |
| June 2026 | $20.8M | 30-59 days delinquent | Yes | n/a | n/a |
| May 2026 | $20.8M | 30-59 days delinquent | Yes | n/a | n/a |
| April 2026 | $20.8M | Late payment but less than 30 days delinquent | Yes | -1.45x | n/a |
| March 2026 | $20.8M | Current | Yes | -1.45x | n/a |
| February 2026 | $20.8M | Late payment but less than 30 days delinquent | Yes | -1.45x | n/a |
| January 2026 | $20.8M | Current | Yes | n/a | n/a |
| December 2025 | $20.8M | Late payment but less than 30 days delinquent | Yes | n/a | n/a |
| November 2025 | $20.8M | 90+ days delinquent | Yes | n/a | n/a |
| October 2025 | $20.8M | 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 June 6, 2024, 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 |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2022-C15 | 19 | $20,820,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Cincinnati loans due in 2032
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Frisch's Commissary Kitchen | Cincinnati, OH | Industrial | $5.9M | 5.345% | May 2032 | 1.95x | 100% | With the special servicer and 90+ days delinquent |
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.