← Bank 2022-BNK39 · Loan annex · CMBS market
- Deal
- Bank 2022-BNK39
- Current balance
- $26.9M (September 2026)
- Share of deal
- 2.3%
- Status
- Current
- DSCR (latest)
- 1.61
- Occupancy (latest)
- 100%
- Scheduled maturity
- 2031-12-01
Property and terms
| Property | ARCADIA FIESTA |
| Address | 3131 EAST INDIAN SCHOOL ROAD; Phoenix, AZ 85016 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 154,436 |
| Year built | 1959 |
| Year last renovated | 2016 |
| Original balance | $28.4M |
| Current balance | $26.9M (September 2026) |
| Share of deal balance | 2.3% |
| Interest rate at origination | 3.55% |
| Current interest rate | 3.55% |
| Origination date | 11-24-2021 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | 24 months |
| Scheduled maturity | 2031-12-01 |
| Prepayment lockout end | 05-31-2031 |
| 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 | $41.8M | 10-18-2021 | MAI |
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Ross Dress for Less | 30,190 | 01-31-2027 |
| Salon Boutique LLP | 16,258 | 05-29-2032 |
| Sunrays Arcadia LLC | 16,000 | 05-08-2036 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| February 2022 | $28.4M | Current | 3.55% | 1.63 | 1.63 | 100% | $0 | 09-30-2021 | $3.5M | $1.0M | $2.5M | $2.5M |
| March 2022 | $28.4M | Current | 3.55% | 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 2022 | $28.4M | Current | 3.55% | 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 2022 | $28.4M | Current | 3.55% | 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 2022 | $28.4M | Current | 3.55% | 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 2022 | $28.4M | Current | 3.55% | 2.26 | 2.45 | 100% | $0 | 03-31-2022 | $916,156 | $298,586 | $617,570 | $569,842 |
| August 2022 | $28.4M | Current | 3.55% | 2.26 | 2.45 | 100% | $0 | 03-31-2022 | $916,156 | $298,586 | $617,570 | $569,842 |
| September 2022 | $28.4M | Current | 3.55% | 2.26 | 2.45 | 100% | $0 | 03-31-2022 | $916,156 | $298,586 | $617,570 | $569,842 |
| October 2022 | $28.4M | Current | 3.55% | 2.27 | 2.46 | 100% | $0 | 06-30-2022 | $1.8M | $594,984 | $1.3M | $1.2M |
| November 2022 | $28.4M | Current | 3.55% | 2.27 | 2.46 | 100% | $0 | 06-30-2022 | $1.8M | $594,984 | $1.3M | $1.2M |
| December 2022 | $28.4M | Current | 3.55% | 2.27 | 2.46 | 100% | $0 | 06-30-2022 | $1.8M | $594,984 | $1.3M | $1.2M |
| January 2023 | $28.4M | Current | 3.55% | 2.27 | 2.46 | 100% | $0 | 09-30-2022 | $2.8M | $901,229 | $1.9M | $1.7M |
| February 2023 | $28.4M | Current | 3.55% | 2.27 | 2.46 | 100% | $0 | 09-30-2022 | $2.8M | $901,229 | $1.9M | $1.7M |
| March 2023 | $28.4M | Current | 3.55% | 2.27 | 2.46 | 100% | $0 | 09-30-2022 | $2.8M | $901,229 | $1.9M | $1.7M |
| April 2023 | $28.4M | Current | 3.55% | 2.27 | 2.46 | 100% | $0 | 09-30-2022 | $2.8M | $901,229 | $1.9M | $1.7M |
| May 2023 | $28.4M | Current | 3.55% | 2.31 | 2.49 | 100% | $0 | 12-31-2022 | $3.7M | $1.2M | $2.5M | $2.4M |
| June 2023 | $28.4M | Current | 3.55% | 2.54 | 2.73 | 100% | $0 | 03-31-2023 | $938,271 | $250,143 | $688,128 | $640,401 |
| July 2023 | $28.4M | Current | 3.55% | 2.54 | 2.73 | 100% | $0 | 03-31-2023 | $938,271 | $250,143 | $688,128 | $640,401 |
| August 2023 | $28.4M | Current | 3.55% | 2.54 | 2.73 | 100% | $0 | 03-31-2023 | $938,271 | $250,143 | $688,128 | $640,401 |
| September 2023 | $28.4M | Current | 3.55% | 2.40 | 2.58 | 100% | $0 | 06-30-2023 | $1.9M | $559,865 | $1.3M | $1.2M |
| October 2023 | $28.4M | Current | 3.55% | 2.40 | 2.58 | 100% | $0 | 06-30-2023 | $1.9M | $559,865 | $1.3M | $1.2M |
| November 2023 | $28.4M | Current | 3.55% | 2.40 | 2.58 | 100% | $0 | 06-30-2023 | $1.9M | $559,865 | $1.3M | $1.2M |
| December 2023 | $28.4M | Current | 3.55% | 2.40 | 2.58 | 100% | $0 | 06-30-2023 | $1.9M | $559,865 | $1.3M | $1.2M |
| January 2024 | $28.3M | Current | 3.55% | 2.32 | 2.50 | 92% | $0 | 09-30-2023 | $2.8M | $846,569 | $1.9M | $1.8M |
| February 2024 | $28.3M | Current | 3.55% | 2.32 | 2.50 | 92% | $0 | 09-30-2023 | $2.8M | $846,569 | $1.9M | $1.8M |
| March 2024 | $28.2M | Current | 3.55% | 2.31 | 2.49 | 100% | $0 | 12-31-2023 | $3.6M | $1.1M | $2.5M | $2.4M |
| April 2024 | $28.2M | Current | 3.55% | 2.31 | 2.49 | 100% | $0 | 12-31-2023 | $3.6M | $1.1M | $2.5M | $2.4M |
| May 2024 | $28.2M | Current | 3.55% | 2.31 | 2.49 | 100% | $0 | 12-31-2023 | $3.6M | $1.1M | $2.5M | $2.4M |
| June 2024 | $28.1M | Current | 3.55% | 1.61 | 1.73 | 100% | $0 | 03-31-2024 | $924,208 | $257,171 | $667,037 | $619,311 |
| July 2024 | $28.1M | Current | 3.55% | 1.61 | 1.73 | 100% | $0 | 03-31-2024 | $924,208 | $257,171 | $667,037 | $619,311 |
| August 2024 | $28.0M | Current | 3.55% | 1.61 | 1.73 | 100% | $0 | 03-31-2024 | $924,208 | $257,171 | $667,037 | $619,311 |
| September 2024 | $28.0M | Current | 3.55% | 1.66 | 1.79 | 100% | $0 | 06-30-2024 | $1.9M | $517,378 | $1.4M | $1.3M |
| October 2024 | $27.9M | Current | 3.55% | 1.66 | 1.79 | 100% | $0 | 06-30-2024 | $1.9M | $517,378 | $1.4M | $1.3M |
| November 2024 | $27.9M | Current | 3.55% | 1.66 | 1.79 | 100% | $0 | 06-30-2024 | $1.9M | $517,378 | $1.4M | $1.3M |
| December 2024 | $27.9M | Current | 3.55% | 1.66 | 1.79 | 100% | $0 | 06-30-2024 | $1.9M | $517,378 | $1.4M | $1.3M |
| January 2025 | $27.8M | Current | 3.55% | 1.63 | 1.76 | 100% | $0 | 09-30-2024 | $2.9M | $832,511 | $2.0M | $1.9M |
| February 2025 | $27.8M | Current | 3.55% | 1.63 | 1.76 | 100% | $0 | 09-30-2024 | $2.9M | $832,511 | $2.0M | $1.9M |
| March 2025 | $27.7M | Current | 3.55% | 1.63 | 1.76 | 100% | $0 | 09-30-2024 | $2.9M | $832,511 | $2.0M | $1.9M |
| April 2025 | $27.7M | Current | 3.55% | 1.64 | 1.76 | 100% | $0 | 12-31-2024 | $3.8M | $1.1M | $2.7M | $2.5M |
| May 2025 | $27.6M | Current | 3.55% | 1.64 | 1.76 | 100% | $0 | 12-31-2024 | $3.8M | $1.1M | $2.7M | $2.5M |
| June 2025 | $27.6M | Current | 3.55% | 1.64 | 1.76 | 100% | $0 | 12-31-2024 | $3.8M | $1.1M | $2.7M | $2.5M |
| July 2025 | $27.5M | Current | 3.55% | 1.64 | 1.76 | 100% | $0 | 12-31-2024 | $3.8M | $1.1M | $2.7M | $2.5M |
| August 2025 | $27.5M | Current | 3.55% | 1.64 | 1.76 | 100% | $0 | 12-31-2024 | $3.8M | $1.1M | $2.7M | $2.5M |
| September 2025 | $27.4M | Current | 3.55% | 1.68 | 1.80 | 100% | $0 | 06-30-2025 | $1.9M | $517,968 | $1.4M | $1.3M |
| October 2025 | $27.4M | Current | 3.55% | 1.68 | 1.80 | 100% | $0 | 06-30-2025 | $1.9M | $517,968 | $1.4M | $1.3M |
| November 2025 | $27.4M | Current | 3.55% | 1.68 | 1.80 | 100% | $0 | 06-30-2025 | $1.9M | $517,968 | $1.4M | $1.3M |
| December 2025 | $27.3M | Current | 3.55% | 1.68 | 1.80 | 100% | $0 | 06-30-2025 | $1.9M | $517,968 | $1.4M | $1.3M |
| January 2026 | $38.0M | Current | 2.58% | 5.22 | 5.26 | 100% | $0 | 09-30-2025 | $14.6M | $4.7M | $9.9M | $9.8M |
| February 2026 | $27.3M | Matured balloon, non-performing | 3.55% | 1.56 | 1.69 | 90% | $127,682 | 09-30-2025 | $2.8M | $846,043 | $1.9M | $1.8M |
| March 2026 | $27.2M | Current | 3.55% | 1.61 | 1.73 | 90% | $0 | 12-31-2025 | $3.8M | $1.1M | $2.7M | $2.5M |
| April 2026 | $27.1M | Current | 3.55% | 1.61 | 1.73 | 90% | $0 | 12-31-2025 | $3.8M | $1.1M | $2.7M | $2.5M |
| May 2026 | $27.1M | Matured balloon, non-performing | 3.55% | 1.61 | 1.73 | 90% | $127,701 | 12-31-2025 | $3.8M | $1.1M | $2.7M | $2.5M |
| June 2026 | $27.0M | Current | 3.55% | 1.48 | 1.60 | 100% | $0 | 03-31-2026 | $916,207 | $300,727 | $615,480 | $567,753 |
| July 2026 | $27.0M | Current | 3.55% | 1.48 | 1.60 | 100% | $0 | 03-31-2026 | $916,207 | $300,727 | $615,480 | $567,753 |
| August 2026 | $26.9M | Current | 3.55% | 1.48 | 1.60 | 100% | $0 | 03-31-2026 | $916,207 | $300,727 | $615,480 | $567,753 |
| September 2026 | $26.9M | Current | 3.55% | 1.61 | 1.73 | 100% | $0 | 06-30-2026 | $1.9M | $567,303 | $1.3M | $1.2M |
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.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.