← Bank 2022-BNK44 · Loan annex · CMBS market
- Deal
- Bank 2022-BNK44
- Current balance
- $75.0M (February 2024)
- Share of deal
- not yet reported
- Status
- Current
- DSCR (latest)
- 1.65
- Occupancy (latest)
- 95%
- Scheduled maturity
- 2032-03-11
Property and terms
| Property | DALLAS DESIGN DISTRICT |
| Address | VARIOUS 75207 |
| Property type | not yet reported |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 524,030 |
| Year built | not yet reported |
| Year last renovated | not yet reported |
| Original balance | $75.0M |
| Current balance | $75.0M (February 2024) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 4.58% |
| Current interest rate | 4.58% |
| Origination date | 02-14-2022 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2032-03-11 |
| Prepayment lockout end | not yet reported |
| Yield maintenance end | not yet reported |
| Servicer | Wells Fargo Bank, NA |
| Loan servicer | not yet reported |
| Originator | WFB |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Walter Lee Culp Assoc. Inc. | 30,650 | 10-31-2028 |
| Perennials and Sutherland LLC. | 29,937 | 05-31-2033 |
| George Cameron Nash Inc. | 21,305 | 01-31-2026 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| November 2023 | $75.0M | Current | 4.58% | 1.73 | 1.77 | 94% | $0 | 09-30-2023 | $10.6M | $2.6M | $8.0M | $7.8M |
| February 2024 | $75.0M | Current | 4.58% | 1.65 | 1.69 | 95% | $0 | 12-31-2023 | $14.2M | $3.9M | $10.2M | $10.0M |
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.
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 2022-BNK41; Bank 2022-BNK41; Bank 2022-BNK42.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.