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BMO 2022-C3 Mortgage Trust – ‘10-D’ for 3/15/24

On:  Friday, 3/29/24, at 8:41am ET   ·   For:  3/15/24   ·   Accession #:  1888524-24-5257   ·   File #:  333-255934-03

Previous ‘10-D’:  ‘10-D’ on 2/29/24 for 2/16/24   ·   Latest ‘10-D’:  This Filing

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/29/24  BMO 2022-C3 Mortgage Trust        10-D        3/15/24    4:1.9M                                   Computershare… NA/CCT/FA

Asset-Backed Securities (ABS)

Asset Class:  Commercial mortgages   ·   Sponsor:  Bank of Montreal/CAN   ·   Depositor:  BMO Commercial Mortgage Securities LLC


Distribution Report by an Issuer of Asset-Backed Securities   —   Form 10-D   —   SEA’34

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-D        Distribution Report by an Issuer of Asset-Backed    HTML     56K 
                Securities                                                       
 3: EX-102.ABS-CMBS  Asset Data - Commercial Mortgages --           HTML    430K 
                exh_102.xml                                                      
 4: EX-103      Asset Data-Related Info -- exh_103.xml              HTML     14K 
 2: EX-99.1     Miscellaneous Exhibit                               HTML   1.42M 


‘10-D’   —   Distribution Report by an Issuer of Asset-Backed Securities


This is an HTML Document rendered as filed.  [ Alternative Formats ]



  bmo22c03_10d-202403.htm - Generated by SEC Publisher for SEC Filing  

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549

FORM 10-D

ASSET BACKED ISSUER
DISTRIBUTION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934

For the monthly distribution period from:   February 17, 2024 to March 15, 2024

Commission File Number of issuing entity:  333-255934-03

Central Index Key Number of issuing entity:  0001942599

BMO 2022-C3 Mortgage Trust
(Exact name of issuing entity as specified in its charter)

Commission File Number of depositor:  333-255934

Central Index Key Number of depositor:  0001861132

BMO Commercial Mortgage Securities LLC
(Exact name of depositor as specified in its charter)

Central Index Key Number of sponsor (if applicable):  0000927971

Bank of Montreal
(Exact name of sponsor as specified in its charter)

Central Index Key Number of sponsor (if applicable):  0001701238

Citi Real Estate Funding Inc.
(Exact name of sponsor as specified in its charter)

Central Index Key Number of sponsor (if applicable):  0001840727

3650 Real Estate Investment Trust 2 LLC
(Exact name of sponsor as specified in its charter)

Central Index Key Number of sponsor (if applicable):  0001592182

LMF Commercial, LLC
(Exact name of sponsor as specified in its charter)

Central Index Key Number of sponsor (if applicable):  0001685185

UBS AG
(Exact name of sponsor as specified in its charter)

Central Index Key Number of sponsor (if applicable):  0001942310

RRECM Capital II, LLC (formerly known as Sabal Capital II, LLC)
(Exact name of sponsor as specified in its charter)

Central Index Key Number of sponsor (if applicable):  0001527590

ReadyCap Commercial, LLC
(Exact name of sponsor as specified in its charter)

Central Index Key Number of sponsor (if applicable):  0001527590

Sutherland Asset I, LLC
(Exact name of sponsor as specified in its charter)

 

Central Index Key Number of sponsor (if applicable):  0001548405

 

Starwood Mortgage Capital LLC
(Exact name of sponsor as specified in its charter)

Paul Vanderslice (212) 885-4000
(Name and telephone number, including area code, of the person to contact in connection with this filing)

New York
(State or other jurisdiction of incorporation or organization of the issuing entity)

38-4238334
38-4238335
(I.R.S. Employer Identification No.)

c/o Computershare Trust Company, N.A.
9062 Old Annapolis Road
Columbia, MD 21045
(Address of principal executive offices of the issuing entity) (Zip Code)

(667) 786-1992
(Telephone number, including area code)

Not Applicable
(Former name, former address, if changed since last report)

 

Registered/reporting pursuant to (check one)

Title of Class

Section 12(b)

Section 12(g)

Section 15(d)

Name of Exchange (If Section 12(b))

A-1

     

     

  X  

     

A-2

     

     

  X  

     

A-3

     

     

  X  

     

A-4

     

     

  X  

     

A-5

     

     

  X  

     

A-SB

     

     

  X  

     

X-A

     

     

  X  

     

A-S

     

     

  X  

     

B

     

     

  X  

     

C

     

     

  X  

     

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes   X   No      

Part I - DISTRIBUTION INFORMATION

Item 1. Distribution and Pool Performance Information.

On March 15, 2024 a distribution was made to holders of the certificates issued by BMO 2022-C3 Mortgage Trust.

The distribution report is attached as an Exhibit to this Form 10-D, please see Item 10(b), Exhibit 99.1 for the related information.

The following table presents the loss information for the trust assets for the BMO 2022-C3 Mortgage Trust in accordance with Item 1100(b) as required by Item 1121(a)(9) of Regulation AB:

Loss Information as reported on March 15, 2024

Number of Delinquencies 30+ days

% of Delinquencies 30+ days by Pool Balance

Number of Loans/REOs with Losses

Average Net Loss

2

1.36%

0

N/A

No assets securitized by BMO Commercial Mortgage Securities LLC (the "Depositor") and held by BMO 2022-C3 Mortgage Trust were the subject of a demand to repurchase or replace for breach of the representations and warranties contained in the underlying transaction documents during the monthly distribution period from February 17, 2024 to March 15, 2024.

The Depositor most recently filed a Form ABS-15G under Rule 15Ga-1 under the Securities Exchange Act of 1934 ("Rule 15Ga-1") on February 2, 2024. The CIK number of the Depositor is 0001861132.

Bank of Montreal one of the sponsors, most recently filed a Rule 15Ga-1 Form ABS-15G on February 12, 2024. The Central Index Key number for Bank of Montreal is 0000927971.

Citi Real Estate Funding Inc. ("CREFI"), one of the sponsors, most recently filed a Rule 15Ga-1 Form ABS-15G on February 9, 2024. The Central Index Key number for CREFI is 0001701238.

3650 Real Estate Investment Trust 2 LLC one of the sponsors, most recently filed a Rule 15Ga-1 Form ABS-15G on February 13, 2024. The Central Index Key number for 3650 Real Estate Investment Trust 2 LLC is 0001840727.

LMF Commercial, LLC  ("LMF"), one of the sponsors, most recently filed a Rule 15Ga-1 Form ABS-15G on February 1, 2024. The Central Index Key number for LMF is 0001592182.

UBS AG ("UBS AG"), one of the sponsors, most recently filed a Rule 15Ga-1 Form ABS-15G on February 14, 2024. The Central Index Key number for UBS AG is 0001685185.

RRECM Capital II, LLC (formerly known as Sabal Capital II, LLC) one of the sponsors, most recently filed a Rule 15Ga-1 Form ABS-15G on January 17, 2024. The Central Index Key number for RRECM Capital II, LLC is  0001942310.

Ready Capital Corporation, an affiliate of ReadyCap Commercial, LLC and Sutherland Asset I, LLC, two of the sponsors, most recently filed a Rule 15Ga-1 Form ABS-15G on February 14, 2024. The Central Index Key number for Ready Capital Corporation is 0001527590.

Starwood Mortgage Capital LLC one of the sponsors, most recently filed a Rule 15Ga-1 Form ABS-15G on January 31, 2024. The Central Index Key number for Starwood Mortgage Capital LLC is 0001548405.

Item 1A. Asset-Level Information.

Asset Data File (filed as Exhibit 102 to the registrant's Form ABS-EE filed on March 29, 2024 under Commission File No. 333-255934-03 and incorporated by reference herein).

Asset Related Document (filed as Exhibit 103 to the registrant's Form ABS-EE filed on March 29, 2024 under Commission File No. 333-255934-03 and incorporated by reference herein).

Part II - OTHER INFORMATION

Item 9. Other Information.

Midland Loan Services, A Division of PNC Bank, National Association, in its capacity as Master Servicer for BMO 2022-C3 Mortgage Trust, affirms the following amounts in the respective accounts:

Collection Account

  Prior Distribution Date

02/16/2024

$3,750.00

  Current Distribution Date

03/15/2024

$64,744.77

 

Whole Loan Custodial Account(s) (Kingston Square Apartments Whole Loan, Phoenix Industrial Portfolio IX Whole Loan and, Saks Fulfillment Center Whole Loan)

  Prior Distribution Date

02/16/2024

$0.00

  Current Distribution Date

03/15/2024

$0.00

 

 

REO Account

  Prior Distribution Date

02/16/2024

$0.00

  Current Distribution Date

03/15/2024

$0.00

 

Computershare Trust Company, N.A., in its capacity as Certificate Administrator for BMO 2022-C3 Mortgage Trust, affirms the following amounts in the respective accounts:

Distribution Account

  Prior Distribution Date

02/16/2024

$113,840.45

  Current Distribution Date

03/15/2024

$6,186.60

 

Interest Reserve Account

  Prior Distribution Date

02/16/2024

$107,225.92

  Current Distribution Date

03/15/2024

$0.00

 

 

Excess Liquidation Proceeds Reserve Account

  Prior Distribution Date

02/16/2024

$0.00

  Current Distribution Date

03/15/2024

$0.00

 

Item 10. Exhibits.

(a) The following is a list of documents filed as part of this Report on Form 10-D:

(99.1) Monthly report distributed to holders of the certificates issued by BMO 2022-C3 Mortgage Trust, relating to the March 15, 2024 distribution.

(102) Asset Data File (filed as Exhibit 102 to the registrant's Form ABS-EE filed on March 29, 2024 under Commission File No. 333-255934-03 and incorporated by reference herein).

(103) Asset Related Document (filed as Exhibit 103 to the registrant's Form ABS-EE filed on March 29, 2024 under Commission File No. 333-255934-03 and incorporated by reference herein).

(b) The exhibits required to be filed by the Registrant pursuant to this Form are listed above.

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

BMO Commercial Mortgage Securities LLC
(Depositor)

 

/s/ Paul Vanderslice
Paul Vanderslice, Chief Executive Officer

Date: March 29, 2024

 

 


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-D’ Filing    Date    Other Filings
Filed on:3/29/24ABS-EE
For Period end:3/15/24ABS-EE
2/17/24
2/14/24
2/13/24
2/12/24
2/9/24
2/2/24
2/1/2410-D,  ABS-EE
1/31/24
1/17/24
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