{"id":4769,"date":"2025-06-16T14:44:10","date_gmt":"2025-06-16T14:44:10","guid":{"rendered":"https:\/\/cred-iq.com\/blog\/?p=4769"},"modified":"2025-06-16T16:42:57","modified_gmt":"2025-06-16T16:42:57","slug":"announcing-bmo-2025-5c11","status":"publish","type":"post","link":"https:\/\/cred-iq.com\/blog\/2025\/06\/16\/announcing-bmo-2025-5c11\/","title":{"rendered":"Announcing BMO 2025-5C11"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p><strong>A CRED iQ Preliminary Analysis<\/strong><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"672\" height=\"888\" src=\"https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2025\/06\/CRED-iQ-CMBS-New-Issue-Deal-Summary-BMO-2025-5C11.png\" alt=\"\" class=\"wp-image-4771\" srcset=\"https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2025\/06\/CRED-iQ-CMBS-New-Issue-Deal-Summary-BMO-2025-5C11.png 672w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2025\/06\/CRED-iQ-CMBS-New-Issue-Deal-Summary-BMO-2025-5C11-227x300.png 227w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2025\/06\/CRED-iQ-CMBS-New-Issue-Deal-Summary-BMO-2025-5C11-318x420.png 318w\" sizes=\"auto, (max-width: 672px) 100vw, 672px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"has-vivid-red-color has-text-color has-link-color wp-elements-85a6aa2d7f3997172e0463f77ada1d6a\">DATA HEREIN PROVIDED TO CRED IQ IS FROM A PRELIMINARY PROSPECTUS AND MAY BE AMENDED OR SUPPLEMENTED PRIOR TO TIME OF SALE<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button has-custom-width wp-block-button__width-50 is-style-round\"><a class=\"wp-block-button__link has-black-color has-electric-grass-gradient-background has-text-color has-background has-link-color wp-element-button\" href=\"https:\/\/pages.cred-iq.com\/newissue?utm_source=data_product&amp;utm_medium=blog&amp;utm_campaign=blog_new_issue\">Access Loan Details<\/a><\/div>\n<\/div>\n\n\n\n<p><strong>Deal Overview<\/strong><\/p>\n\n\n\n<p>The BMO 2025-5C11 CMBS deal is a new issuance securitization for the CMBS market, with a total pooled balance of $698.1 million. The deal is jointly managed by prominent financial institutions including BMO, Starwood, Societe Generale, KeyBank, and Greystone. The deal is collateralized by 37 loans and secured by 63 properties across a variety of sectors, including multifamily, retail, and mixed use. The strategic geographic distribution of these properties ensures balanced exposure across major markets. The deal\u2019s weighted average loan-to-value (LTV) ratio of 61.7%, and the weighted average mortgage interest rate is 6.70%.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"672\" height=\"627\" src=\"https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2025\/06\/CRED-iQ-CMBS-Property-Type-Summary-BMO-2025-5C11-1.png\" alt=\"\" class=\"wp-image-4776\" srcset=\"https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2025\/06\/CRED-iQ-CMBS-Property-Type-Summary-BMO-2025-5C11-1.png 672w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2025\/06\/CRED-iQ-CMBS-Property-Type-Summary-BMO-2025-5C11-1-300x280.png 300w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2025\/06\/CRED-iQ-CMBS-Property-Type-Summary-BMO-2025-5C11-1-450x420.png 450w\" sizes=\"auto, (max-width: 672px) 100vw, 672px\" \/><\/figure>\n<\/div>\n\n\n<p><strong>Key Metrics<\/strong><\/p>\n\n\n\n<p>The loan pool for BMO 2025-5C11 is structured to include a mix of amortizing and interest-only loans, with 1.9% of the mortgage pool having scheduled amortization. The remainder of the pool (98.1%) consists of interest-only payments throughout the loan term, offering investors a steady income stream. The pool boasts a weighted average debt service coverage ratio (DSCR) of 1.43. The weighted average net operating income (NOI) debt yield is 10.1%.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"960\" height=\"884\" src=\"https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2025\/06\/CRED-iQ-CMBS-Top-Markets-BMO-2025-5C11.png\" alt=\"\" class=\"wp-image-4773\" srcset=\"https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2025\/06\/CRED-iQ-CMBS-Top-Markets-BMO-2025-5C11.png 960w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2025\/06\/CRED-iQ-CMBS-Top-Markets-BMO-2025-5C11-300x276.png 300w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2025\/06\/CRED-iQ-CMBS-Top-Markets-BMO-2025-5C11-768x707.png 768w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2025\/06\/CRED-iQ-CMBS-Top-Markets-BMO-2025-5C11-696x641.png 696w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2025\/06\/CRED-iQ-CMBS-Top-Markets-BMO-2025-5C11-456x420.png 456w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><\/figure>\n<\/div>\n\n\n<p><strong>Geography &amp; Property Types<\/strong><\/p>\n\n\n\n<p>A key strength of the BMO 2025-5C11 CMBS deal is its diverse property type distribution, which enhances portfolio resilience. Multifamily properties constitute 47.3% of the total balance, while retail properties account for 20.8% of the balance. The geographic distribution of the properties across prime markets, including high-growth areas in New York City, Dallas, and Houston.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"960\" height=\"1232\" src=\"https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2025\/06\/CRED-iQ-CMBS-Property-Types-BMO-2025-5C11.png\" alt=\"\" class=\"wp-image-4774\" srcset=\"https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2025\/06\/CRED-iQ-CMBS-Property-Types-BMO-2025-5C11.png 960w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2025\/06\/CRED-iQ-CMBS-Property-Types-BMO-2025-5C11-234x300.png 234w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2025\/06\/CRED-iQ-CMBS-Property-Types-BMO-2025-5C11-768x986.png 768w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2025\/06\/CRED-iQ-CMBS-Property-Types-BMO-2025-5C11-798x1024.png 798w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2025\/06\/CRED-iQ-CMBS-Property-Types-BMO-2025-5C11-696x893.png 696w, https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2025\/06\/CRED-iQ-CMBS-Property-Types-BMO-2025-5C11-327x420.png 327w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><\/figure>\n<\/div>\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button has-custom-width wp-block-button__width-50 is-style-round\"><a class=\"wp-block-button__link has-black-color has-electric-grass-gradient-background has-text-color has-background has-link-color wp-element-button\" href=\"https:\/\/pages.cred-iq.com\/newissue?utm_source=data_product&amp;utm_medium=blog&amp;utm_campaign=blog_new_issue\">Access Loan Details<\/a><\/div>\n<\/div>\n\n\n\n<p><strong>About CRED iQ<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/cred-iq.com\/about\">CRED iQ<\/a> is a market data provider that offers a robust suite of data and software solutions tailored for commercial real estate and finance professionals.<\/p>\n\n\n\n<p>With over $2.3 trillion of CRE loans, CRED iQ delivers instant access to a comprehensive range of financial data and analytics for millions of properties in every market. CRED iQ\u2019s data and analytical capabilities are instrumental in helping investors, lenders and brokers make informed and strategic decisions critical to their business.<\/p>\n\n\n\n<p>THE DATA, INFORMATION AND\/OR RELATED MATERAL (\u201cDELIVERABLES\u201d) IS BEING OFFERED AS-IS\/WHERE-AS CONDITION. CRED-IQ MAKES NO REPRESENTATION OR WARRANTY AS TO QUALITY OR ACCURACY OF SUCH DELIVERABLES BEING PURCHASED, WHETHER EXPRESS OR IMPLIED, EITHER IN FACT OR BY OPERATION OF LAW, STATUTE, OR OTHERWISE, AND CRED-IQ SPECIFICALLY DISCLAIMS ANY AND ALL IMPLIED OR STATUTORY WARRANTIES INCLUDING WARRANTIES OF MERCHANTABILITY AND OF FITNESS FOR A PARTICULAR PURPOSE, TECHNICAL PERFORMANCE, AND NON-INFRINGEMENT. WITHOUT LIMITING THE FOREGOING, YOU AS CUSTOMER ACKNOWLEDGE THAT YOU HAVE NOT AND ARE NOT RELYING UPON ANY IMPLIED WARRANTY OF MERCHANTABILITY OR OF FITNESS FOR A PARTICULAR PURPOSE OR OTHERWISE, OR UPON ANY REPRESENTATION OR WARRANTY WHATSOEVER AS TO THE DELIVERABLES&nbsp; IN ANY REGARDS WHATSOEVER, AND ACKNOWLEDGE&nbsp; THAT CRED-IQ MAKES NO, AND HEREBY DISCLAIMS ANY, REPRESENTATION, WARRANTY OR GUARANTEE THAT THE PURCHASE, USE OR COMMERCIALIZATION OF ANY DELIVERABLES WILL BE USEFUL TO YOU OR FREE FROM INTERFERENCE. BY ACCEPTANCE OF THE DELIVERABLES, YOU HEREBY RELEASE CRED-IQ AND ITS AFFILIATES AND AGENTS FROM ALL CLAIMS, DAMAGES AND LIABILITY ARISING HEREUNDER.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A CRED iQ Preliminary Analysis DATA HEREIN PROVIDED TO CRED IQ IS FROM A PRELIMINARY PROSPECTUS AND MAY BE AMENDED OR SUPPLEMENTED PRIOR TO TIME OF SALE Deal Overview The BMO 2025-5C11 CMBS deal is a new issuance securitization for the CMBS market, with a total pooled balance of $698.1 million. The deal is jointly [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":3761,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[31,2],"tags":[4,5,8,29],"class_list":{"0":"post-4769","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-cmbs-new-issue","8":"category-news","9":"tag-cmbs","10":"tag-commercial-real-estate-data","11":"tag-loan-data","12":"tag-new-issuance"},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/cred-iq.com\/blog\/wp-json\/wp\/v2\/posts\/4769","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cred-iq.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cred-iq.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cred-iq.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/cred-iq.com\/blog\/wp-json\/wp\/v2\/comments?post=4769"}],"version-history":[{"count":2,"href":"https:\/\/cred-iq.com\/blog\/wp-json\/wp\/v2\/posts\/4769\/revisions"}],"predecessor-version":[{"id":4777,"href":"https:\/\/cred-iq.com\/blog\/wp-json\/wp\/v2\/posts\/4769\/revisions\/4777"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cred-iq.com\/blog\/wp-json\/wp\/v2\/media\/3761"}],"wp:attachment":[{"href":"https:\/\/cred-iq.com\/blog\/wp-json\/wp\/v2\/media?parent=4769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cred-iq.com\/blog\/wp-json\/wp\/v2\/categories?post=4769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cred-iq.com\/blog\/wp-json\/wp\/v2\/tags?post=4769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}