← Bank 2022-BNK40 / Loan annex / CMBS market
- Deal
- Bank 2022-BNK40
- Current balance
- not yet reported
- Share of deal
- not yet reported
- Status
- not yet reported
- DSCR (latest)
- not yet reported
- Occupancy (latest)
- not yet reported
- Scheduled maturity
- 2026-09-09
Property and terms
| Property | ARROYO MHC |
| Address | not yet reported |
| Property type | not yet reported |
| Units, beds or keys | not yet reported |
| Net rentable square feet | not yet reported |
| Year built | 1962 |
| Year last renovated | not yet reported |
| Original balance | $1.3M |
| Current balance | not yet reported |
| Share of deal balance | not yet reported |
| Interest rate at origination | 3.72% |
| Current interest rate | 0.00% |
| Origination date | 09-09-2021 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2026-09-09 |
| Prepayment lockout end | 10-31-2023 |
| Yield maintenance end | 06-30-2026 |
| Servicer | not yet reported |
| Loan servicer | not yet reported |
| Originator | Bank of America, National Association |
| Current status | not yet reported |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $2.0M | 06-04-2021 | MAI |
Monthly history
| Month | Balance | Status | Rate | DSCR (NCF) | DSCR (NOI) | Occupancy | Advances | Financial period end | Revenue | Expenses | NOI | NCF |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| August 2023 | $1.3M | Current | 3.72% | 2.57 | 2.64 | 79% | $0 | 03-31-2023 | $50,909 | $19,068 | $31,841 | $31,079 |
| October 2024 | $1.3M | Current | 3.72% | 2.83 | 2.89 | 75% | $0 | 03-31-2024 | $51,825 | $16,555 | $35,270 | $34,508 |
| December 2024 | $1.3M | Current | 3.72% | 2.83 | 2.89 | 75% | $0 | 03-31-2024 | $51,825 | $16,555 | $35,270 | $34,508 |
| February 2025 | $1.3M | Current | 3.72% | 2.83 | 2.89 | 75% | $0 | 03-31-2024 | $51,825 | $16,555 | $35,270 | $34,508 |
| April 2025 | $1.3M | Current | 3.72% | 2.84 | 2.90 | 70% | $0 | 12-31-2024 | $202,430 | $59,817 | $142,613 | $139,565 |
| September 2025 | $1.3M | Current | 3.72% | 3.35 | 3.41 | 77% | $0 | 06-30-2025 | $111,356 | $28,001 | $83,355 | $81,830 |
| July 2026 | $1.3M | Current | 3.72% | 4.08 | 4.15 | 82% | $0 | 03-31-2026 | $63,984 | $13,887 | $50,097 | $49,335 |
| October 2026 | not yet reported | not yet reported | 0.00% | not yet reported | not yet reported | not yet reported | not yet reported | 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 |
|---|---|
| 2026-08-21 | Liquidated |
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 2021-BNK36.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.