← Benchmark 2022-B32 Mortgage Trust · Loan annex · CMBS market
- Deal
- Benchmark 2022-B32 Mortgage Trust
- Current balance
- $108.6M (September 2026)
- Share of deal
- 6.2%
- Status
- Current
- DSCR (latest)
- not yet reported
- Occupancy (latest)
- not yet reported
- Scheduled maturity
- 2032-01-06
Property and terms
| Property | Tallahassee (and 12 more properties) |
| Address | 1406 Capital Circle NE; 990 Alta Mere Drive; 1289 FM 518 Road; 8850 Rivers Avenue; 215 Gold Star Highway; 201 Eubank Boulevard South East; 2364 Tobacco Road; 14300 East Frontage Road; 6708 Preston Highway 4010 Oaklawn Drive; 10617 Fuqua Street; 355 Fry Road; 17531 North West 2nd Avenue; 950 Cherry Street; Tallahassee, FL (and 12 more) 32308 |
| Property type | Self storage |
| Units, beds or keys | ["1623", "1390", "1400", "743", "606", "702", "602", "552", "822", "553", "424", "531", "437"] |
| Net rentable square feet | not yet reported |
| Year built | not yet reported |
| Year last renovated | 1991 |
| Original balance | $108.6M |
| Current balance | $108.6M (September 2026) |
| Share of deal balance | 6.2% |
| Interest rate at origination | 3.05% |
| Current interest rate | 3.05% |
| Origination date | 12-16-2021 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2032-01-06 |
| Prepayment lockout end | 10-05-2031 |
| Yield maintenance end | not yet reported |
| Servicer | Midland Loan Services |
| Loan servicer | not yet reported |
| Originator | DBR Investments Co. Limited |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $181.9M | not yet reported | not yet reported |
| Most recent reported | $96.2M | 2021-06-04 | MAI |
Change from securitization to the most recent reported valuation: -47.1%.
Monthly history
| Month | Balance | Status | Rate | DSCR (NCF) | DSCR (NOI) | Occupancy | Advances | Financial period end | Revenue | Expenses | NOI | NCF |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| February 2022 | $108.6M | Current | 3.05% | 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 |
| March 2022 | $108.6M | Current | 3.05% | 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 | $108.6M | Current | 3.05% | 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 | $108.6M | Current | 3.05% | 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 | $108.6M | Current | 3.05% | 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 | $108.6M | Current | 3.05% | 3.25 | 3.25 | 100% | $0 | 03-31-2022 | $606,468 | $159,499 | $446,969 | $446,969 |
| August 2022 | $108.6M | Current | 3.05% | 3.25 | 3.25 | 100% | $0 | 03-31-2022 | $606,468 | $159,499 | $446,969 | $446,969 |
| September 2022 | $108.6M | Current | 3.05% | 3.25 | 3.25 | 100% | $0 | 03-31-2022 | $606,468 | $159,499 | $446,969 | $446,969 |
| October 2022 | $108.6M | Current | 3.05% | not yet reported | not yet reported | not yet reported | $0 | ["06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022"] | not yet reported | not yet reported | not yet reported | not yet reported |
| November 2022 | $108.6M | Current | 3.05% | not yet reported | not yet reported | not yet reported | $0 | ["06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022"] | not yet reported | not yet reported | not yet reported | not yet reported |
| December 2022 | $108.6M | Current | 3.05% | not yet reported | not yet reported | not yet reported | $0 | ["06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022"] | not yet reported | not yet reported | not yet reported | not yet reported |
| January 2023 | $108.6M | Current | 3.05% | not yet reported | not yet reported | not yet reported | $0 | ["09-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022"] | not yet reported | not yet reported | not yet reported | not yet reported |
| February 2023 | $108.6M | Current | 3.05% | not yet reported | not yet reported | not yet reported | $0 | ["09-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022"] | not yet reported | not yet reported | not yet reported | not yet reported |
| March 2023 | $108.6M | Current | 3.05% | not yet reported | not yet reported | not yet reported | $0 | ["12-31-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022"] | not yet reported | not yet reported | not yet reported | not yet reported |
| April 2023 | $108.6M | Current | 3.05% | not yet reported | not yet reported | not yet reported | $0 | ["12-31-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022", "06-30-2022"] | not yet reported | not yet reported | not yet reported | not yet reported |
| May 2023 | $108.6M | Current | 3.05% | 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 2023 | $108.6M | Current | 3.05% | 3.41 | 3.41 | 75% | $0 | 03-31-2023 | $4.3M | $1.4M | $2.9M | $2.9M |
| July 2023 | $108.6M | Current | 3.05% | 3.41 | 3.41 | 75% | $0 | 03-31-2023 | $4.3M | $1.4M | $2.9M | $2.9M |
| August 2023 | $108.6M | Current | 3.05% | 3.41 | 3.41 | 75% | $0 | 03-31-2023 | $4.3M | $1.4M | $2.9M | $2.9M |
| September 2023 | $108.6M | Current | 3.05% | 3.36 | 3.36 | 86% | $0 | 06-30-2023 | $17.2M | $5.9M | $11.3M | $11.3M |
| October 2023 | $108.6M | Current | 3.05% | 3.36 | 3.36 | 86% | $0 | 06-30-2023 | $17.2M | $5.9M | $11.3M | $11.3M |
| November 2023 | $108.6M | Current | 3.05% | 3.36 | 3.36 | 86% | $0 | 06-30-2023 | $17.2M | $5.9M | $11.3M | $11.3M |
| December 2023 | $56.0M | Current | 3.31% | 2.79 | 2.97 | 97% | $0 | 09-30-2023 | $9.7M | $4.1M | $5.6M | $5.2M |
| January 2024 | $108.6M | Current | 3.05% | 3.50 | 3.50 | 75% | $0 | 09-30-2023 | $17.5M | $5.7M | $11.7M | $11.7M |
| February 2024 | $108.6M | Current | 3.05% | 3.50 | 3.50 | 75% | $0 | 09-30-2023 | $17.5M | $5.7M | $11.7M | $11.7M |
| March 2024 | $108.6M | Current | 3.05% | 3.50 | 3.50 | 75% | $0 | 09-30-2023 | $17.5M | $5.7M | $11.7M | $11.7M |
| April 2024 | $108.6M | Current | 3.05% | 3.26 | 3.26 | 71% | $0 | 12-31-2023 | $17.5M | $6.5M | $10.9M | $10.9M |
| May 2024 | $108.6M | Current | 3.05% | 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 2024 | $108.6M | Current | 3.05% | 3.22 | 3.22 | 68% | $0 | 03-31-2024 | $4.2M | $1.5M | $2.7M | $2.7M |
| July 2024 | $108.6M | Current | 3.05% | 3.22 | 3.22 | 68% | $0 | 03-31-2024 | $4.2M | $1.5M | $2.7M | $2.7M |
| August 2024 | $108.6M | Current | 3.05% | 3.22 | 3.22 | 68% | $0 | 03-31-2024 | $4.2M | $1.5M | $2.7M | $2.7M |
| September 2024 | $108.6M | Current | 3.05% | 3.22 | 3.22 | 68% | $0 | 03-31-2024 | $4.2M | $1.5M | $2.7M | $2.7M |
| October 2024 | $108.6M | Current | 3.05% | 3.22 | 3.22 | 68% | $0 | 03-31-2024 | $4.2M | $1.5M | $2.7M | $2.7M |
| November 2024 | $108.6M | Current | 3.05% | 3.22 | 3.22 | 68% | $0 | 03-31-2024 | $4.2M | $1.5M | $2.7M | $2.7M |
| December 2024 | $108.6M | Current | 3.05% | 3.22 | 3.22 | 68% | $0 | 03-31-2024 | $4.2M | $1.5M | $2.7M | $2.7M |
| January 2025 | $108.6M | Current | 3.05% | 3.22 | 3.22 | 68% | $0 | 03-31-2024 | $4.2M | $1.5M | $2.7M | $2.7M |
| February 2025 | $108.6M | Current | 3.05% | 3.22 | 3.22 | 68% | $0 | 03-31-2024 | $4.2M | $1.5M | $2.7M | $2.7M |
| March 2025 | $108.6M | Current | 3.05% | 3.22 | 3.22 | 68% | $0 | 03-31-2024 | $4.2M | $1.5M | $2.7M | $2.7M |
| April 2025 | $108.6M | Current | 3.05% | 3.22 | 3.27 | 63% | $0 | 09-30-2024 | $17.2M | $6.2M | $11.0M | $10.8M |
| May 2025 | $108.6M | Current | 3.05% | 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 2025 | $108.6M | Current | 3.05% | 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 2025 | $108.6M | Current | 3.05% | 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 |
| August 2025 | $108.6M | Current | 3.05% | 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 |
| September 2025 | $108.6M | Current | 3.05% | 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 |
| October 2025 | $108.6M | Current | 3.05% | 2.77 | 2.83 | 83% | $0 | 06-30-2025 | $16.7M | $7.3M | $9.5M | $9.3M |
| November 2025 | $108.6M | Current | 3.05% | 2.77 | 2.83 | 83% | $0 | 06-30-2025 | $16.7M | $7.3M | $9.5M | $9.3M |
| December 2025 | $108.6M | Current | 3.05% | 3.11 | 3.16 | 65% | $0 | 09-30-2025 | $16.9M | $6.3M | $10.6M | $10.4M |
| January 2026 | $108.6M | Current | 3.05% | 3.11 | 3.16 | 65% | $0 | 09-30-2025 | $16.9M | $6.3M | $10.6M | $10.4M |
| February 2026 | $108.6M | Current | 3.05% | 3.11 | 3.16 | 65% | $0 | 09-30-2025 | $16.9M | $6.3M | $10.6M | $10.4M |
| March 2026 | $108.6M | Current | 3.05% | 2.82 | 2.88 | 61% | $0 | 12-31-2025 | $16.9M | $7.2M | $9.7M | $9.5M |
| April 2026 | $108.6M | Current | 3.05% | 2.82 | 2.88 | 61% | $0 | 12-31-2025 | $16.9M | $7.2M | $9.7M | $9.5M |
| May 2026 | $108.6M | Current | 3.05% | 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 2026 | $108.6M | Current | 3.05% | 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 2026 | $108.6M | Current | 3.05% | 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 |
| August 2026 | $108.6M | Current | 3.05% | 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 |
| September 2026 | $108.6M | Current | 3.05% | 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.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.