other material
confidence high
sentiment neutral
materiality 0.50
BMO 2026-5C15 Trust issues $626M commercial mortgage certificates on June 25
BMO 2026-5C15 Mortgage Trust
- Public certificates $553.4M and private certificates $72.8M issued; net proceeds ~$634.1M after expenses.
- Underwriters: BMO Capital Markets, Goldman Sachs, UBS, Wells Fargo, SG Americas, among others.
- 3650 Capital retains $56.7M horizontal residual interest (~5.07% fair value) for credit risk retention.
- Total expenses ~$5.4M; no underwriting discounts were paid.
- Legal opinions (validity, tax) from Orrick, Herrington & Sutcliffe dated June 25, 2026.