← Benchmark 2022-B33 Mortgage Trust · Loan annex · CMBS market
- Deal
- Benchmark 2022-B33 Mortgage Trust
- Current balance
- $56.0M (September 2026)
- Share of deal
- 5.2%
- Status
- Current
- DSCR (latest)
- 3.34
- Occupancy (latest)
- 86%
- Scheduled maturity
- 2032-03-01
Property and terms
| Property | Silver Sands Premium Outlets |
| Address | 10562 & 10746 Emerald Coast Parkway; Destin, FL 32550 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 435,156 |
| Year built | 1986 |
| Year last renovated | not yet reported |
| Original balance | $56.0M |
| Current balance | $56.0M (September 2026) |
| Share of deal balance | 5.2% |
| Interest rate at origination | 3.96% |
| Current interest rate | 3.96% |
| Origination date | 02-10-2022 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2032-03-01 |
| Prepayment lockout end | 09-30-2031 |
| Yield maintenance end | not yet reported |
| Servicer | Midland Loan Services |
| Loan servicer | not yet reported |
| Originator | JPMorgan Chase Bank, National Association |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $276.0M | 12-21-2021 | MAI |
| Most recent reported | $276.0M | 2021-12-21 | MAI |
Change from securitization to the most recent reported valuation: 0.0%.
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Saks Fifth Avenue Off | 29,552 | 05-31-2029 |
| Polo Ralph Lauren | 15,647 | 12-31-2027 |
| Nike Factory Store | 15,472 | 01-31-2029 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| March 2022 | $56.0M | Matured balloon, performing | 3.96% | 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 | $56.0M | Current | 3.96% | 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 | $56.0M | Current | 3.96% | 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 | $56.0M | Current | 3.96% | 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 | $56.0M | Current | 3.96% | 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 2022 | $56.0M | Current | 3.96% | 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 2022 | $56.0M | Matured balloon, non-performing | 3.96% | not yet reported | not yet reported | not yet reported | $190,731 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| October 2022 | $56.0M | Current | 3.96% | 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 |
| November 2022 | $56.0M | Current | 3.96% | 3.57 | 3.77 | 88% | $0 | 06-30-2022 | $22.8M | $4.7M | $18.1M | $17.2M |
| December 2022 | $56.0M | Current | 3.96% | 3.57 | 3.77 | 88% | $0 | 06-30-2022 | $22.8M | $4.7M | $18.1M | $17.2M |
| January 2023 | $56.0M | Current | 3.96% | 3.57 | 3.77 | 88% | $0 | 06-30-2022 | $22.8M | $4.7M | $18.1M | $17.2M |
| February 2023 | $56.0M | Current | 3.96% | 3.57 | 3.77 | 88% | $0 | 06-30-2022 | $22.8M | $4.7M | $18.1M | $17.2M |
| March 2023 | $56.0M | Current | 3.96% | 3.57 | 3.77 | 88% | $0 | 06-30-2022 | $22.8M | $4.7M | $18.1M | $17.2M |
| April 2023 | $56.0M | Current | 3.96% | 3.57 | 3.77 | 88% | $0 | 06-30-2022 | $22.8M | $4.7M | $18.1M | $17.2M |
| May 2023 | $56.0M | Current | 3.96% | 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 | $56.0M | Current | 3.96% | 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 2023 | $56.0M | Matured balloon, non-performing | 3.96% | 3.46 | 3.63 | not yet reported | $184,578 | 03-31-2023 | $6.0M | $1.0M | $5.0M | $4.8M |
| August 2023 | $90.0M | Current | 2.78% | 3.36 | 3.46 | 85% | $0 | 03-31-2023 | $14.0M | $4.3M | $9.6M | $9.4M |
| September 2023 | $56.0M | Matured balloon, non-performing | 3.96% | 3.46 | 3.63 | not yet reported | $190,731 | 03-31-2023 | $6.0M | $1.0M | $5.0M | $4.8M |
| October 2023 | $56.0M | Matured balloon, non-performing | 3.96% | 3.47 | 3.63 | 87% | $184,578 | 06-30-2023 | $24.6M | $4.3M | $20.4M | $19.4M |
| November 2023 | $56.0M | Matured balloon, non-performing | 3.96% | 3.47 | 3.63 | 87% | $190,731 | 06-30-2023 | $24.6M | $4.3M | $20.4M | $19.4M |
| December 2023 | $56.0M | Matured balloon, non-performing | 3.96% | 3.47 | 3.63 | 87% | $184,578 | 06-30-2023 | $24.6M | $4.3M | $20.4M | $19.4M |
| January 2024 | $56.0M | Matured balloon, non-performing | 3.96% | 3.47 | 3.63 | 87% | $190,731 | 06-30-2023 | $24.6M | $4.3M | $20.4M | $19.4M |
| February 2024 | $56.0M | Matured balloon, non-performing | 3.96% | 3.48 | 3.65 | 88% | $190,731 | 09-30-2023 | $24.7M | $4.1M | $20.5M | $19.6M |
| March 2024 | $56.0M | Matured balloon, non-performing | 3.96% | 3.48 | 3.65 | 88% | $178,426 | 09-30-2023 | $24.7M | $4.1M | $20.5M | $19.6M |
| April 2024 | $56.0M | Matured balloon, non-performing | 3.96% | 3.48 | 3.65 | 88% | $190,731 | 09-30-2023 | $24.7M | $4.1M | $20.5M | $19.6M |
| May 2024 | $56.0M | Matured balloon, non-performing | 3.96% | not yet reported | not yet reported | not yet reported | $184,578 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2024 | $56.0M | Matured balloon, non-performing | 3.96% | not yet reported | not yet reported | not yet reported | $190,731 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2024 | $56.0M | Matured balloon, non-performing | 3.96% | 3.03 | 3.20 | not yet reported | $184,578 | 03-31-2024 | $6.0M | $1.5M | $4.5M | $4.2M |
| August 2024 | $56.0M | Matured balloon, non-performing | 3.96% | 3.03 | 3.20 | not yet reported | $190,731 | 03-31-2024 | $6.0M | $1.5M | $4.5M | $4.2M |
| September 2024 | $56.0M | Matured balloon, non-performing | 3.96% | 3.03 | 3.20 | not yet reported | $190,731 | 03-31-2024 | $6.0M | $1.5M | $4.5M | $4.2M |
| October 2024 | $56.0M | Matured balloon, non-performing | 3.96% | 3.03 | 3.20 | not yet reported | $184,578 | 03-31-2024 | $6.0M | $1.5M | $4.5M | $4.2M |
| November 2024 | $56.0M | Matured balloon, non-performing | 3.96% | 3.08 | 3.24 | not yet reported | $190,731 | 06-30-2024 | $24.4M | $6.2M | $18.3M | $17.3M |
| December 2024 | $56.0M | Matured balloon, non-performing | 3.96% | 3.08 | 3.24 | not yet reported | $184,578 | 06-30-2024 | $24.4M | $6.2M | $18.3M | $17.3M |
| January 2025 | $56.0M | Matured balloon, non-performing | 3.96% | 3.15 | 3.31 | not yet reported | $190,731 | 09-30-2024 | $25.2M | $6.5M | $18.7M | $17.8M |
| February 2025 | $56.0M | Matured balloon, non-performing | 3.96% | 3.15 | 3.31 | not yet reported | $190,731 | 09-30-2024 | $25.2M | $6.5M | $18.7M | $17.8M |
| March 2025 | $56.0M | Matured balloon, non-performing | 3.96% | 3.15 | 3.31 | not yet reported | $172,273 | 09-30-2024 | $25.2M | $6.5M | $18.7M | $17.8M |
| April 2025 | $56.0M | Matured balloon, non-performing | 3.96% | 3.15 | 3.31 | not yet reported | $190,731 | 09-30-2024 | $25.2M | $6.5M | $18.7M | $17.8M |
| May 2025 | $56.0M | Matured balloon, non-performing | 3.96% | not yet reported | not yet reported | not yet reported | $184,578 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2025 | $56.0M | Matured balloon, non-performing | 3.96% | not yet reported | not yet reported | not yet reported | $190,731 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2025 | $56.0M | Matured balloon, non-performing | 3.96% | 2.69 | 2.86 | not yet reported | $184,578 | 03-31-2025 | $6.4M | $2.4M | $4.0M | $3.7M |
| August 2025 | $56.0M | Matured balloon, non-performing | 3.96% | 2.69 | 2.86 | not yet reported | $190,731 | 03-31-2025 | $6.4M | $2.4M | $4.0M | $3.7M |
| September 2025 | $56.0M | Matured balloon, non-performing | 3.96% | 2.69 | 2.86 | not yet reported | $190,731 | 03-31-2025 | $6.4M | $2.4M | $4.0M | $3.7M |
| October 2025 | $56.0M | Matured balloon, non-performing | 3.96% | 2.88 | 3.05 | 87% | $184,578 | 06-30-2025 | $25.9M | $8.9M | $17.1M | $16.1M |
| November 2025 | $56.0M | Matured balloon, non-performing | 3.96% | 2.88 | 3.05 | 87% | $190,731 | 06-30-2025 | $25.9M | $8.9M | $17.1M | $16.1M |
| December 2025 | $56.0M | Matured balloon, non-performing | 3.96% | 2.88 | 3.05 | 87% | $184,578 | 06-30-2025 | $25.9M | $8.9M | $17.1M | $16.1M |
| January 2026 | $56.0M | Matured balloon, non-performing | 3.96% | 3.05 | 3.22 | 91% | $190,731 | 09-30-2025 | $25.9M | $7.8M | $18.1M | $17.2M |
| February 2026 | $56.0M | Matured balloon, non-performing | 3.96% | 3.05 | 3.22 | 91% | $190,731 | 09-30-2025 | $25.9M | $7.8M | $18.1M | $17.2M |
| March 2026 | $56.0M | Matured balloon, non-performing | 3.96% | 3.05 | 3.22 | 91% | $172,273 | 09-30-2025 | $25.9M | $7.8M | $18.1M | $17.2M |
| April 2026 | $56.0M | Current | 3.96% | 3.05 | 3.22 | 91% | $0 | 09-30-2025 | $25.9M | $7.8M | $18.1M | $17.2M |
| May 2026 | $56.0M | Current | 3.96% | 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 | $56.0M | Current | 3.96% | 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 | $56.0M | Current | 3.96% | 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 | $56.0M | Current | 3.96% | 3.34 | 3.51 | 86% | $0 | 03-31-2026 | $6.4M | $1.6M | $4.9M | $4.6M |
| September 2026 | $56.0M | Current | 3.96% | 3.34 | 3.51 | 86% | $0 | 03-31-2026 | $6.4M | $1.6M | $4.9M | $4.6M |
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-BNK40; Bank 2022-BNK41.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.