← Bank 2019-BNK23 · Loan annex · CMBS market
- Deal
- Bank 2019-BNK23
- Current balance
- $23.3M (September 2026)
- Share of deal
- 1.9%
- Status
- 90+ days delinquent
- DSCR (latest)
- 2.18
- Occupancy (latest)
- 77%
- Scheduled maturity
- 2029-12-01
Property and terms
| Property | WOODLAND FALLS |
| Address | 200, 210, AND 220 LAKE DRIVE EAST; Cherry Hill, NJ 08002 |
| Property type | Office |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 218,283 |
| Year built | 1986 |
| Year last renovated | 2018 |
| Original balance | $24.8M |
| Current balance | $23.3M (September 2026) |
| Share of deal balance | 1.9% |
| Interest rate at origination | 3.45% |
| Current interest rate | 3.45% |
| Origination date | 11-04-2019 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | 36 months |
| Scheduled maturity | 2029-12-01 |
| Prepayment lockout end | 08-31-2029 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | BANA |
| Current status | 90+ days delinquent |
| Specially serviced now | Yes |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $33.7M | 08-16-2019 | MAI |
| Most recent reported | $17.5M | 2026-05-07 | MAI |
Change from securitization to the most recent reported valuation: -48.1%.
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| PNC | 28,095 | 01-31-2029 |
| CorCentric | 16,830 | 07-31-2029 |
| Flaster Greenberg P.C. | 16,767 | 11-21-2024 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| December 2019 | $24.8M | Current | 3.45% | 1.48 | 1.48 | 97% | $0 | 08-31-2019 | $4.4M | $2.4M | $2.0M | $2.0M |
| January 2020 | $24.8M | Current | 3.45% | 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 | $24.8M | Current | 3.45% | 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 | $24.8M | Current | 3.45% | 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 | $24.8M | Current | 3.45% | 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 | $24.8M | Current | 3.45% | 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 |
| June 2020 | $24.8M | Current | 3.45% | 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 |
| July 2020 | $24.8M | Current | 3.45% | 2.71 | 3.10 | 91% | $0 | 03-31-2020 | $1.3M | $604,590 | $669,739 | $585,518 |
| August 2020 | $24.8M | Current | 3.45% | 2.71 | 3.10 | 91% | $0 | 03-31-2020 | $1.3M | $604,590 | $669,739 | $585,518 |
| September 2020 | $24.8M | Current | 3.45% | 2.91 | 3.30 | 91% | $0 | 06-30-2020 | $2.5M | $1.1M | $1.4M | $1.3M |
| October 2020 | $24.8M | Current | 3.45% | 2.91 | 3.30 | 91% | $0 | 06-30-2020 | $2.5M | $1.1M | $1.4M | $1.3M |
| November 2020 | $24.8M | Current | 3.45% | 3.31 | 3.75 | 91% | $0 | 09-30-2020 | $3.8M | $1.6M | $2.2M | $1.9M |
| December 2020 | $24.8M | Current | 3.45% | 3.31 | 3.75 | 91% | $0 | 09-30-2020 | $3.8M | $1.6M | $2.2M | $1.9M |
| January 2021 | $24.8M | Current | 3.45% | 3.31 | 3.75 | 91% | $0 | 09-30-2020 | $3.8M | $1.6M | $2.2M | $1.9M |
| February 2021 | $24.8M | Current | 3.45% | 3.31 | 3.75 | 91% | $0 | 09-30-2020 | $3.8M | $1.6M | $2.2M | $1.9M |
| March 2021 | $24.8M | Current | 3.45% | 3.31 | 3.75 | 91% | $0 | 09-30-2020 | $3.8M | $1.6M | $2.2M | $1.9M |
| April 2021 | $24.8M | Current | 3.45% | 2.96 | 3.35 | 97% | $0 | 12-31-2020 | $5.1M | $2.2M | $2.9M | $2.6M |
| May 2021 | $24.8M | Current | 3.45% | 2.96 | 3.35 | 97% | $0 | 12-31-2020 | $5.1M | $2.2M | $2.9M | $2.6M |
| June 2021 | $24.8M | Current | 3.45% | 2.96 | 3.35 | 97% | $0 | 12-31-2020 | $5.1M | $2.2M | $2.9M | $2.6M |
| July 2021 | $24.8M | Current | 3.45% | 2.98 | 3.38 | 97% | $0 | 03-31-2021 | $1.3M | $578,223 | $721,193 | $636,970 |
| August 2021 | $24.8M | Current | 3.45% | 2.87 | 3.26 | 89% | $0 | 06-30-2021 | $2.6M | $1.2M | $1.4M | $1.2M |
| September 2021 | $24.8M | Current | 3.45% | 2.87 | 3.26 | 89% | $0 | 06-30-2021 | $2.6M | $1.2M | $1.4M | $1.2M |
| October 2021 | $24.8M | Current | 3.45% | 2.87 | 3.26 | 89% | $0 | 06-30-2021 | $2.6M | $1.2M | $1.4M | $1.2M |
| November 2021 | $24.8M | Current | 3.45% | 2.25 | 2.64 | 94% | $0 | 09-30-2021 | $3.8M | $2.1M | $1.7M | $1.5M |
| December 2021 | $24.8M | Current | 3.45% | 2.25 | 2.64 | 94% | $0 | 09-30-2021 | $3.8M | $2.1M | $1.7M | $1.5M |
| January 2022 | $24.8M | 30-59 days delinquent | 3.45% | 2.25 | 2.64 | 94% | $73,422 | 09-30-2021 | $3.8M | $2.1M | $1.7M | $1.5M |
| February 2022 | $24.8M | 30-59 days delinquent | 3.45% | 2.25 | 2.64 | 94% | $146,843 | 09-30-2021 | $3.8M | $2.1M | $1.7M | $1.5M |
| March 2022 | $24.8M | 30-59 days delinquent | 3.45% | 2.49 | 2.87 | 89% | $139,738 | 12-31-2021 | $5.1M | $2.6M | $2.5M | $2.2M |
| April 2022 | $24.8M | 30-59 days delinquent | 3.45% | 2.49 | 2.87 | 89% | $139,738 | 12-31-2021 | $5.1M | $2.6M | $2.5M | $2.2M |
| May 2022 | $24.8M | 30-59 days delinquent | 3.45% | 2.49 | 2.87 | 89% | $144,475 | 12-31-2021 | $5.1M | $2.6M | $2.5M | $2.2M |
| June 2022 | $24.8M | 30-59 days delinquent | 3.45% | 2.49 | 2.87 | 89% | $144,475 | 12-31-2021 | $5.1M | $2.6M | $2.5M | $2.2M |
| July 2022 | $24.8M | 60-89 days delinquent | 3.45% | 2.07 | 2.47 | 89% | $215,528 | 03-31-2022 | $1.3M | $739,559 | $526,481 | $442,259 |
| August 2022 | $21.2M | Current | 4.24% | 1.81 | 1.98 | 79% | $0 | 09-30-2021 | $5.6M | $3.0M | $2.6M | $2.4M |
| September 2022 | $24.8M | 30-59 days delinquent | 3.45% | 2.34 | 2.74 | 88% | $146,843 | 06-30-2022 | $2.5M | $1.4M | $1.2M | $1.0M |
| October 2022 | $24.8M | 30-59 days delinquent | 3.45% | 2.34 | 2.74 | 88% | $144,475 | 06-30-2022 | $2.5M | $1.4M | $1.2M | $1.0M |
| November 2022 | $24.8M | 60-89 days delinquent | 3.45% | 2.63 | 3.02 | 85% | $217,896 | 09-30-2022 | $4.0M | $2.1M | $2.0M | $1.7M |
| December 2022 | $24.8M | 30-59 days delinquent | 3.45% | 2.63 | 3.02 | 85% | $144,475 | 09-30-2022 | $4.0M | $2.1M | $2.0M | $1.7M |
| January 2023 | $24.8M | 30-59 days delinquent | 3.45% | 2.63 | 3.02 | 85% | $181,395 | 09-30-2022 | $4.0M | $2.1M | $2.0M | $1.7M |
| February 2023 | $24.8M | 30-59 days delinquent | 3.45% | 2.63 | 3.02 | 85% | $220,685 | 09-30-2022 | $4.0M | $2.1M | $2.0M | $1.7M |
| March 2023 | $24.7M | 30-59 days delinquent | 3.45% | 2.63 | 3.02 | 85% | $220,696 | 09-30-2022 | $4.0M | $2.1M | $2.0M | $1.7M |
| April 2023 | $24.7M | 30-59 days delinquent | 3.45% | 2.63 | 3.02 | 85% | $220,696 | 09-30-2022 | $4.0M | $2.1M | $2.0M | $1.7M |
| May 2023 | $24.6M | 30-59 days delinquent | 3.45% | 2.63 | 3.02 | 85% | $220,689 | 09-30-2022 | $4.0M | $2.1M | $2.0M | $1.7M |
| June 2023 | $24.6M | Matured balloon, non-performing | 3.45% | 1.82 | 2.11 | 83% | $110,343 | 03-31-2023 | $1.3M | $667,600 | $616,803 | $532,581 |
| July 2023 | $24.5M | Matured balloon, non-performing | 3.45% | 1.82 | 2.11 | 83% | $110,347 | 03-31-2023 | $1.3M | $667,600 | $616,803 | $532,581 |
| August 2023 | $24.4M | Current | 3.45% | 1.82 | 2.11 | 83% | $0 | 03-31-2023 | $1.3M | $667,600 | $616,803 | $532,581 |
| September 2023 | $24.4M | Matured balloon, non-performing | 3.45% | 1.82 | 2.11 | 83% | $110,344 | 03-31-2023 | $1.3M | $667,600 | $616,803 | $532,581 |
| October 2023 | $24.4M | Matured balloon, non-performing | 3.45% | 1.67 | 1.92 | 83% | $110,347 | 06-30-2023 | $2.6M | $1.3M | $1.3M | $1.1M |
| November 2023 | $24.4M | Matured balloon, non-performing | 3.45% | 1.67 | 1.92 | 83% | $110,344 | 06-30-2023 | $2.6M | $1.3M | $1.3M | $1.1M |
| December 2023 | $24.3M | Current | 3.45% | 1.50 | 1.76 | 83% | $0 | 09-30-2023 | $3.8M | $2.0M | $1.7M | $1.5M |
| January 2024 | $24.2M | Current | 3.45% | 1.50 | 1.76 | 83% | $0 | 09-30-2023 | $3.8M | $2.0M | $1.7M | $1.5M |
| February 2024 | $24.2M | Matured balloon, non-performing | 3.45% | 1.50 | 1.76 | 83% | $110,345 | 09-30-2023 | $3.8M | $2.0M | $1.7M | $1.5M |
| March 2024 | $24.2M | Matured balloon, non-performing | 3.45% | 1.50 | 1.76 | 83% | $110,351 | 09-30-2023 | $3.8M | $2.0M | $1.7M | $1.5M |
| April 2024 | $24.2M | 30-59 days delinquent | 3.45% | 1.50 | 1.76 | 83% | $220,696 | 09-30-2023 | $3.8M | $2.0M | $1.7M | $1.5M |
| May 2024 | $24.2M | 60-89 days delinquent | 3.45% | 1.51 | 1.77 | 83% | $331,045 | 12-31-2023 | $5.1M | $2.7M | $2.3M | $2.0M |
| June 2024 | $24.2M | 60-89 days delinquent | 3.45% | 2.27 | 2.53 | 80% | $331,039 | 03-31-2024 | $1.5M | $693,642 | $836,976 | $752,754 |
| July 2024 | $24.1M | 60-89 days delinquent | 3.45% | 2.27 | 2.53 | 80% | $331,042 | 03-31-2024 | $1.5M | $693,642 | $836,976 | $752,754 |
| August 2024 | $24.1M | 60-89 days delinquent | 3.45% | 2.18 | 2.44 | 77% | $331,040 | 06-30-2024 | $3.1M | $1.5M | $1.6M | $1.4M |
| September 2024 | $24.0M | 60-89 days delinquent | 3.45% | 2.18 | 2.44 | 77% | $331,040 | 06-30-2024 | $3.1M | $1.5M | $1.6M | $1.4M |
| October 2024 | $24.0M | 90+ days delinquent | 3.45% | 2.18 | 2.44 | 77% | $441,389 | 06-30-2024 | $3.1M | $1.5M | $1.6M | $1.4M |
| November 2024 | $24.0M | 90+ days delinquent | 3.45% | 2.18 | 2.44 | 77% | $551,735 | 06-30-2024 | $3.1M | $1.5M | $1.6M | $1.4M |
| December 2024 | $24.0M | 90+ days delinquent | 3.45% | 2.18 | 2.44 | 77% | $662,085 | 06-30-2024 | $3.1M | $1.5M | $1.6M | $1.4M |
| January 2025 | $24.0M | 90+ days delinquent | 3.45% | 2.18 | 2.44 | 77% | $772,431 | 06-30-2024 | $3.1M | $1.5M | $1.6M | $1.4M |
| February 2025 | $24.0M | 90+ days delinquent | 3.45% | 2.18 | 2.44 | 77% | $882,778 | 06-30-2024 | $3.1M | $1.5M | $1.6M | $1.4M |
| March 2025 | $24.0M | 90+ days delinquent | 3.45% | 2.18 | 2.44 | 77% | $993,135 | 06-30-2024 | $3.1M | $1.5M | $1.6M | $1.4M |
| April 2025 | $24.0M | 90+ days delinquent | 3.45% | 2.18 | 2.44 | 77% | $1.1M | 06-30-2024 | $3.1M | $1.5M | $1.6M | $1.4M |
| May 2025 | $24.0M | 90+ days delinquent | 3.45% | 2.18 | 2.44 | 77% | $1.2M | 06-30-2024 | $3.1M | $1.5M | $1.6M | $1.4M |
| June 2025 | $24.0M | 90+ days delinquent | 3.45% | 2.18 | 2.44 | 77% | $1.3M | 06-30-2024 | $3.1M | $1.5M | $1.6M | $1.4M |
| July 2025 | $24.0M | 90+ days delinquent | 3.45% | 2.18 | 2.44 | 77% | $1.4M | 06-30-2024 | $3.1M | $1.5M | $1.6M | $1.4M |
| August 2025 | $24.0M | 90+ days delinquent | 3.45% | 2.18 | 2.44 | 77% | $1.5M | 06-30-2024 | $3.1M | $1.5M | $1.6M | $1.4M |
| September 2025 | $24.0M | 90+ days delinquent | 3.45% | 2.18 | 2.44 | 77% | $1.6M | 06-30-2024 | $3.1M | $1.5M | $1.6M | $1.4M |
| October 2025 | $24.0M | 90+ days delinquent | 3.45% | 2.18 | 2.44 | 77% | $1.7M | 06-30-2024 | $3.1M | $1.5M | $1.6M | $1.4M |
| November 2025 | $24.0M | 90+ days delinquent | 3.45% | 2.18 | 2.44 | 77% | $1.8M | 06-30-2024 | $3.1M | $1.5M | $1.6M | $1.4M |
| December 2025 | $24.0M | 90+ days delinquent | 3.45% | 2.18 | 2.44 | 77% | $1.9M | 06-30-2024 | $3.1M | $1.5M | $1.6M | $1.4M |
| January 2026 | $24.0M | 90+ days delinquent | 3.45% | 2.18 | 2.44 | 77% | $2.0M | 06-30-2024 | $3.1M | $1.5M | $1.6M | $1.4M |
| February 2026 | $24.0M | 90+ days delinquent | 3.45% | 2.18 | 2.44 | 77% | $2.1M | 06-30-2024 | $3.1M | $1.5M | $1.6M | $1.4M |
| March 2026 | $24.0M | 90+ days delinquent | 3.45% | 2.18 | 2.44 | 77% | $2.2M | 06-30-2024 | $3.1M | $1.5M | $1.6M | $1.4M |
| April 2026 | $24.0M | 90+ days delinquent | 3.45% | 2.18 | 2.44 | 77% | $2.3M | 06-30-2024 | $3.1M | $1.5M | $1.6M | $1.4M |
| May 2026 | $23.3M | 90+ days delinquent | 3.45% | 2.18 | 2.44 | 77% | $572,829 | 06-30-2024 | $3.1M | $1.5M | $1.6M | $1.4M |
| June 2026 | $23.3M | 90+ days delinquent | 3.45% | 2.18 | 2.44 | 77% | $667,887 | 06-30-2024 | $3.1M | $1.5M | $1.6M | $1.4M |
| July 2026 | $23.3M | 90+ days delinquent | 3.45% | 2.18 | 2.44 | 77% | $763,442 | 06-30-2024 | $3.1M | $1.5M | $1.6M | $1.4M |
| August 2026 | $23.3M | 90+ days delinquent | 3.45% | 2.18 | 2.44 | 77% | $851,210 | 06-30-2024 | $3.1M | $1.5M | $1.6M | $1.4M |
| September 2026 | $23.3M | 90+ days delinquent | 3.45% | 2.18 | 2.44 | 77% | $938,978 | 06-30-2024 | $3.1M | $1.5M | $1.6M | $1.4M |
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 |
|---|---|
| January 2022 | First reported 30 or more days delinquent |
| 2024-11-01 | Transferred to the special servicer |
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.