BMO 2024-5C3 - Charts and Resources
Data discoverability for CMBS deal BMO 2024-5C3 updated as of 2024-01-22.
Deal Overview
BMO 2024-5C3 Mortgage Trust's issuance is a U.S. CMBS transaction issued from the BMO shelf and backed by 49 commercial mortgage loans with an aggregate principal balance of 902.2 million at issuance, secured by the fee and leasehold interests in 88 properties across 26 U.S. states.| Rating Agencies | Moodys, Fitch, KBRA | Controlling Class | Eightfold Real Estate Capital Fund VI, L.P. | Risk Retention | L-Shaped | Depositor | BMO Commercial Mortgage Securities c/o BMO Capital | Certificate Administrator | Computershare Trust Company, N.A. | Master Servicer | Wells Fargo Bank, National Association | Special Servicer | Greystone Servicing Company | Operating Advisor | Park Bridge Lender Services | Trustee | Computershare Trust Company, N.A. |
Deal Charts
Fund Holdings
Explore a list of funds that include BMO 2024-5C3 bonds in their portfolios, sourced directly from the most recent NPORT-P filings on EDGAR SEC.gov. The funds in this table should have a reporting period end date in the future which means the holdings are current as of the most recent filing.* The FIGI Search url provided for each fund will link you to the OpenFIGI search page to lookup FIGI identifiers.
* Reporting Period represents the reporting period end date from the NPORT-P filing.
* For full disclosures, please visit our disclosures page.
Deal Documents
Links to the deal documents for BMO 2024-5C3.Recent Special Servicing Commentary
Special servicers provide regular updates on the status of troubled loans. Below are recent comments from special servicing reports filed with sec.gov EDGAR for BMO 2024-5C3, giving insights into the current situation and actions being taken.Loan secured by 34-unit, low-rise apartment pool spread across 3 blds in Brooklyn & Manhattan. Brooklyn w/ 4 units was built before 1988 & reno in 2020. Manhattan property, w/ 30 units, was built in 1900 & reno in 2020. Addtly, 3 retail suites w/ 3,450 sf on ground & lower levels. Blds are walk-ups, 3 to 6 stories. An updated appraisal has been ordered & in process exp soon, updated financials & rent roll have been received. 3rd party site inspection done 12/27/24 w/ 21-23 Catherine found to bein good con d (no def maint.) & 26 Park in good cond (w/ no sig def maint) noted. Due to missed pmts, loan transferred to Special Servicer Sep 2024 after defaults in July, August, & September. Special Servicer initiated contact w/ the Borrower, received a cost-to-cur e calculation from Master Servicer, & sent a NOD and hello letter to the Borrower & Gnty. Special Servicer also funded the latest property insurance premiums from the remaining insurance escrow & advanced for prop taxes. Also requested docs on code violat ions & required repairs, but the info provided so far has been insufficient. Outside counsel retained, & the Asset Manager initially began dual-track negotiations w/ the foreclosure process after executing a PNA. Foreclosure docs were then prepared by counsel & filed & then filed for receivership now granted. Borrower provided rent roll & operating statement as of Nov 30, 2024, T-11 annualized, show 94% occ and NOI of $801,621.
* The tagged date represents the date of the Edgar sec.gov filing.
* For full disclosures, please visit our disclosures page.
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CMBS Fund Holdings Dataset
Filing data from sec.gov NPORT-P to produce the Fund Holdings table.
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