← Bank 2019-BNK23 · Loan annex · CMBS market
- Deal
- Bank 2019-BNK23
- Current balance
- $5.0M (August 2022)
- Share of deal
- not yet reported
- Status
- Current
- DSCR (latest)
- 2.62
- Occupancy (latest)
- 70%
- Scheduled maturity
- 2029-11-01
Property and terms
| Property | COMFORT INN - PINEHURST |
| Address | 9801 U.S. HIGHWAY 15-501; Pinehurst, NC 28374 |
| Property type | Lodging |
| Units, beds or keys | 77 |
| Net rentable square feet | not yet reported |
| Year built | 1996 |
| Year last renovated | 2016 |
| Original balance | $5.2M |
| Current balance | $5.0M (August 2022) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 4.19% |
| Current interest rate | 4.19% |
| Origination date | 11-01-2019 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | not yet reported |
| Scheduled maturity | 2029-11-01 |
| Prepayment lockout end | 04-30-2029 |
| Yield maintenance end | not yet reported |
| Servicer | Wells Fargo Bank, NA |
| Loan servicer | not yet reported |
| Originator | Bank of America, National Association |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $8.2M | 10-01-2019 | MAI |
Monthly history
| Month | Balance | Status | Rate | DSCR (NCF) | DSCR (NOI) | Occupancy | Advances | Financial period end | Revenue | Expenses | NOI | NCF |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| August 2022 | $5.0M | Current | 4.19% | 2.62 | 2.86 | 70% | $0 | 06-30-2022 | $1.9M | $1.0M | $881,539 | $805,904 |
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 |
|---|---|
| 2020-06-01 | Loan modified (maturity after modification 2029-11-01) |
Also filed in other trusts
Loans are sometimes split across trusts (pari passu), and each trust files the loan at its whole-loan amount. A loan with the same property name and origination date is filed in: Bank 2020-BNK26.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.