← Bank 2019-BNK22 · Loan annex · CMBS market
- Deal
- Bank 2019-BNK22
- Current balance
- $14.1M (July 2025)
- Share of deal
- not yet reported
- Status
- Current
- DSCR (latest)
- 0.86
- Occupancy (latest)
- 64%
- Scheduled maturity
- 2029-10-01
Property and terms
| Property | THE BLVD |
| Address | 1410 NORTH OCEAN BOULEVARD; Myrtle Beach, SC 29577 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 42,472 |
| Year built | 2018 |
| Year last renovated | not yet reported |
| Original balance | $14.1M |
| Current balance | $14.1M (July 2025) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 4.15% |
| Current interest rate | 4.15% |
| Origination date | 09-24-2019 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2029-10-01 |
| Prepayment lockout end | 06-30-2029 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | Morgan Stanley Bank, N.A. |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $22.4M | 07-15-2019 | MAI |
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Tin Roof Acquisition Company | 10,078 | 06-21-2050 |
| Flavor Hills Myrtle Beach LLC | 8,578 | 09-30-2034 |
| LEGENDS SPORTS BAR/BLEND | 4,555 | 02-28-2033 |
The three largest tenants as reported in the latest asset-level record.
Monthly history
| Month | Balance | Status | Rate | DSCR (NCF) | DSCR (NOI) | Occupancy | Advances | Financial period end | Revenue | Expenses | NOI | NCF |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| November 2019 | $14.1M | Current | 4.15% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| December 2019 | $14.1M | Current | 4.15% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| January 2020 | $14.1M | Current | 4.15% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| February 2020 | $14.1M | Current | 4.15% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| March 2020 | $14.1M | Current | 4.15% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| April 2020 | $14.1M | Current | 4.15% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| May 2020 | $14.1M | Matured balloon, non-performing | 4.15% | not yet reported | not yet reported | not yet reported | $48,617 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2020 | $14.1M | 30-59 days delinquent | 4.15% | not yet reported | not yet reported | not yet reported | $98,855 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2020 | $14.1M | 30-59 days delinquent | 4.15% | not yet reported | not yet reported | not yet reported | $98,855 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2020 | $14.1M | Matured balloon, non-performing | 4.15% | not yet reported | not yet reported | not yet reported | $50,238 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| September 2020 | $14.1M | 30-59 days delinquent | 4.15% | not yet reported | not yet reported | not yet reported | $100,476 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| October 2020 | $14.1M | 30-59 days delinquent | 4.15% | not yet reported | not yet reported | not yet reported | $98,855 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| November 2020 | $14.1M | Matured balloon, non-performing | 4.15% | 0.71 | 0.81 | 95% | $50,238 | 06-30-2020 | $476,426 | $235,730 | $240,696 | $210,752 |
| December 2020 | $14.1M | Current | 4.15% | 0.71 | 0.81 | 95% | $0 | 06-30-2020 | $476,426 | $235,730 | $240,696 | $210,752 |
| January 2021 | $14.1M | Matured balloon, non-performing | 4.15% | 0.71 | 0.81 | 95% | $50,238 | 06-30-2020 | $476,426 | $235,730 | $240,696 | $210,752 |
| February 2021 | $14.1M | Matured balloon, non-performing | 4.15% | 0.71 | 0.81 | 95% | $50,238 | 06-30-2020 | $476,426 | $235,730 | $240,696 | $210,752 |
| March 2021 | $14.1M | Current | 4.15% | 0.71 | 0.81 | 95% | $0 | 06-30-2020 | $476,426 | $235,730 | $240,696 | $210,752 |
| April 2021 | $14.1M | Matured balloon, non-performing | 4.15% | 0.71 | 0.81 | 95% | $50,238 | 06-30-2020 | $476,426 | $235,730 | $240,696 | $210,752 |
| May 2021 | $14.1M | Matured balloon, non-performing | 4.15% | 0.71 | 0.81 | 95% | $48,617 | 06-30-2020 | $476,426 | $235,730 | $240,696 | $210,752 |
| June 2021 | $14.1M | Matured balloon, non-performing | 4.15% | 0.71 | 0.81 | 95% | $50,238 | 06-30-2020 | $476,426 | $235,730 | $240,696 | $210,752 |
| July 2021 | $14.1M | Matured balloon, non-performing | 4.15% | 0.71 | 0.81 | 95% | $48,617 | 06-30-2020 | $476,426 | $235,730 | $240,696 | $210,752 |
| August 2021 | $14.1M | Current | 4.15% | 0.71 | 0.81 | 95% | $0 | 06-30-2020 | $476,426 | $235,730 | $240,696 | $210,752 |
| September 2021 | $14.1M | Current | 4.15% | 0.71 | 0.81 | 95% | $0 | 06-30-2020 | $476,426 | $235,730 | $240,696 | $210,752 |
| October 2021 | $14.1M | Current | 4.15% | 0.71 | 0.81 | 95% | $0 | 06-30-2020 | $476,426 | $235,730 | $240,696 | $210,752 |
| November 2021 | $14.1M | Current | 4.15% | 0.71 | 0.81 | 95% | $0 | 06-30-2020 | $476,426 | $235,730 | $240,696 | $210,752 |
| December 2021 | $14.1M | Current | 4.15% | 0.71 | 0.81 | 95% | $0 | 06-30-2020 | $476,426 | $235,730 | $240,696 | $210,752 |
| January 2022 | $14.1M | Current | 4.15% | 0.71 | 0.81 | 95% | $0 | 06-30-2020 | $476,426 | $235,730 | $240,696 | $210,752 |
| February 2022 | $14.1M | Current | 4.15% | 0.71 | 0.81 | 95% | $0 | 06-30-2020 | $476,426 | $235,730 | $240,696 | $210,752 |
| March 2022 | $14.1M | Matured balloon, non-performing | 4.15% | 0.71 | 0.81 | 95% | $0 | 06-30-2020 | $476,426 | $235,730 | $240,696 | $210,752 |
| April 2022 | $14.1M | Current | 4.15% | 0.71 | 0.81 | 95% | $0 | 06-30-2020 | $476,426 | $235,730 | $240,696 | $210,752 |
| May 2022 | $14.1M | Current | 4.15% | 0.71 | 0.81 | 95% | $0 | 06-30-2020 | $476,426 | $235,730 | $240,696 | $210,752 |
| June 2022 | $14.1M | Current | 4.15% | 0.71 | 0.81 | 95% | $0 | 06-30-2020 | $476,426 | $235,730 | $240,696 | $210,752 |
| July 2022 | $14.1M | Current | 4.15% | 0.71 | 0.81 | 95% | $0 | 06-30-2020 | $476,426 | $235,730 | $240,696 | $210,752 |
| August 2022 | $14.1M | Current | 4.15% | 0.71 | 0.81 | 95% | $0 | 06-30-2020 | $476,426 | $235,730 | $240,696 | $210,752 |
| September 2022 | $14.1M | Current | 4.15% | 0.71 | 0.81 | 95% | $0 | 06-30-2020 | $476,426 | $235,730 | $240,696 | $210,752 |
| October 2022 | $14.1M | Current | 4.15% | 0.71 | 0.81 | 95% | $0 | 06-30-2020 | $476,426 | $235,730 | $240,696 | $210,752 |
| November 2022 | $14.1M | Current | 4.15% | 0.71 | 0.81 | 95% | $0 | 06-30-2020 | $476,426 | $235,730 | $240,696 | $210,752 |
| December 2022 | $14.1M | Current | 4.15% | 1.22 | 1.32 | 70% | $0 | 09-30-2022 | $1.2M | $593,158 | $588,510 | $543,596 |
| January 2023 | $14.1M | Matured balloon, non-performing | 4.15% | 1.22 | 1.32 | 70% | $49,735 | 09-30-2022 | $1.2M | $593,158 | $588,510 | $543,596 |
| February 2023 | $14.1M | Current | 4.15% | 1.22 | 1.32 | 70% | $0 | 09-30-2022 | $1.2M | $593,158 | $588,510 | $543,596 |
| March 2023 | $14.1M | Current | 4.15% | 1.22 | 1.32 | 70% | $0 | 09-30-2022 | $1.2M | $593,158 | $588,510 | $543,596 |
| April 2023 | $14.1M | Current | 4.15% | 1.22 | 1.32 | 70% | $0 | 09-30-2022 | $1.2M | $593,158 | $588,510 | $543,596 |
| May 2023 | $14.1M | Current | 4.15% | 1.22 | 1.32 | 70% | $0 | 09-30-2022 | $1.2M | $593,158 | $588,510 | $543,596 |
| June 2023 | $14.1M | Current | 4.15% | 1.22 | 1.32 | 70% | $0 | 09-30-2022 | $1.2M | $593,158 | $588,510 | $543,596 |
| July 2023 | $14.1M | Current | 4.15% | 1.22 | 1.32 | 70% | $0 | 09-30-2022 | $1.2M | $593,158 | $588,510 | $543,596 |
| August 2023 | $14.1M | Current | 4.15% | 1.22 | 1.32 | 70% | $0 | 09-30-2022 | $1.2M | $593,158 | $588,510 | $543,596 |
| September 2023 | $14.1M | Current | 4.15% | 1.22 | 1.32 | 70% | $0 | 09-30-2022 | $1.2M | $593,158 | $588,510 | $543,596 |
| October 2023 | $14.1M | Current | 4.15% | 1.37 | 1.47 | 87% | $0 | 06-30-2023 | $788,802 | $355,573 | $433,229 | $403,286 |
| November 2023 | $14.1M | Current | 4.15% | 1.30 | 1.40 | 87% | $0 | 09-30-2023 | $1.1M | $484,790 | $623,364 | $578,450 |
| December 2023 | $14.1M | Current | 4.15% | 1.30 | 1.40 | 87% | $0 | 09-30-2023 | $1.1M | $484,790 | $623,364 | $578,450 |
| January 2024 | $14.1M | Current | 4.15% | 1.30 | 1.40 | 87% | $0 | 09-30-2023 | $1.1M | $484,790 | $623,364 | $578,450 |
| February 2024 | $14.1M | Current | 4.15% | 1.30 | 1.40 | 87% | $0 | 09-30-2023 | $1.1M | $484,790 | $623,364 | $578,450 |
| March 2024 | $14.1M | Current | 4.15% | 1.30 | 1.40 | 87% | $0 | 09-30-2023 | $1.1M | $484,790 | $623,364 | $578,450 |
| April 2024 | $14.1M | Current | 4.15% | 1.27 | 1.37 | 87% | $0 | 12-31-2023 | $1.4M | $603,405 | $812,642 | $752,756 |
| May 2024 | $14.1M | Current | 4.15% | 1.27 | 1.37 | 87% | $0 | 12-31-2023 | $1.4M | $603,405 | $812,642 | $752,756 |
| June 2024 | $14.1M | Current | 4.15% | 1.01 | 1.11 | 65% | $0 | 03-31-2024 | $310,995 | $147,148 | $163,847 | $148,875 |
| July 2024 | $14.1M | Current | 4.15% | 1.01 | 1.11 | 65% | $0 | 03-31-2024 | $310,995 | $147,148 | $163,847 | $148,875 |
| August 2024 | $14.1M | Current | 4.15% | 1.01 | 1.11 | 65% | $0 | 03-31-2024 | $310,995 | $147,148 | $163,847 | $148,875 |
| September 2024 | $14.1M | Current | 4.15% | 1.01 | 1.11 | 65% | $0 | 03-31-2024 | $310,995 | $147,148 | $163,847 | $148,875 |
| October 2024 | $14.1M | Current | 4.15% | 1.00 | 1.10 | 65% | $0 | 06-30-2024 | $617,098 | $289,298 | $327,800 | $297,857 |
| November 2024 | $14.1M | Current | 4.15% | 1.00 | 1.10 | 65% | $0 | 06-30-2024 | $617,098 | $289,298 | $327,800 | $297,857 |
| December 2024 | $14.1M | Current | 4.15% | 0.92 | 1.02 | 87% | $0 | 09-30-2024 | $911,330 | $458,841 | $452,489 | $407,574 |
| January 2025 | $14.1M | Current | 4.15% | 0.92 | 1.02 | 87% | $0 | 09-30-2024 | $911,330 | $458,841 | $452,489 | $407,574 |
| February 2025 | $14.1M | Current | 4.15% | 0.92 | 1.02 | 87% | $0 | 09-30-2024 | $911,330 | $458,841 | $452,489 | $407,574 |
| March 2025 | $14.1M | Current | 4.15% | 0.92 | 1.02 | 87% | $0 | 09-30-2024 | $911,330 | $458,841 | $452,489 | $407,574 |
| June 2025 | $14.1M | Current | 4.15% | 0.86 | 0.96 | 64% | $0 | 03-31-2025 | $262,180 | $122,048 | $140,132 | $125,161 |
| July 2025 | $14.1M | Current | 4.15% | 0.86 | 0.96 | 64% | $0 | 03-31-2025 | $262,180 | $122,048 | $140,132 | $125,161 |
Revenue, expenses, net operating income (NOI) and net cash flow (NCF) are the most recent financials reported as of each month, for the financial period ending on the date shown. DSCR is debt service coverage on the net cash flow and net operating income bases as reported.
Status timeline
| Date | Event |
|---|---|
| 2020-04-09 | Transferred to the special servicer |
| June 2020 | First reported 30 or more days delinquent |
| 2022-07-29 | Returned to the master servicer |
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.