← Bank 2019-BNK23 · Loan annex · CMBS market
- Deal
- Bank 2019-BNK23
- Current balance
- $2.0M (August 2022)
- Share of deal
- not yet reported
- Status
- Current
- DSCR (latest)
- not yet reported
- Occupancy (latest)
- not yet reported
- Scheduled maturity
- 2030-02-01
Property and terms
| Property | Loan 72 |
| Address | NC |
| Property type | Self storage |
| Units, beds or keys | 366 |
| Net rentable square feet | not yet reported |
| Year built | 1983 |
| Year last renovated | 2016 |
| Original balance | $2.0M |
| Current balance | $2.0M (August 2022) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 4.26% |
| Current interest rate | 4.26% |
| Origination date | 01-17-2020 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2030-02-01 |
| Prepayment lockout end | 10-31-2029 |
| Yield maintenance end | not yet reported |
| Servicer | Wells Fargo Bank, NA |
| Loan servicer | not yet reported |
| Originator | Morgan Stanley Bank, N.A. |
| Current status | Current |
| Specially serviced now | No |
| Defeased | Yes |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $3.6M | 11-25-2019 | MAI |
Monthly history
| Month | Balance | Status | Rate | DSCR (NCF) | DSCR (NOI) | Occupancy | Advances | Financial period end | Revenue | Expenses | NOI | NCF |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| August 2022 | $2.0M | Current | 4.26% | 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 |
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 |
|---|---|
| 2022-08-11 | Defeasance recorded (first filing showing defeased status) |
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; Wells Fargo Commercial Mortgage Trust 2020-C55.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.