← Morgan Stanley Bank of America Merrill Lynch Trust 2015-C22 · Loan annex · CMBS market
- Deal
- Morgan Stanley Bank of America Merrill Lynch Trust 2015-C22
- Current balance
- $9.6M (January 2023)
- Share of deal
- 0.9%
- Status
- Current
- DSCR (latest)
- 3.17
- Occupancy (latest)
- 92%
- Scheduled maturity
- 2024-11-06
Property and terms
| Property | YOSEMITE OFFICE |
| Address | 3600 SOUTH YOSEMITE STREET; Denver, CO 80237 |
| Property type | Office |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 126,436 |
| Year built | 1974 |
| Year last renovated | 2009 |
| Original balance | $9.7M |
| Current balance | $9.6M (January 2023) |
| Share of deal balance | 0.9% |
| Interest rate at origination | 3.86% |
| Current interest rate | 3.86% |
| Origination date | 10-11-2019 |
| Original term | 60 months |
| Amortization term | 360 months |
| Interest-only period | 30 months |
| Scheduled maturity | 2024-11-06 |
| Prepayment lockout end | 12-05-2021 |
| Yield maintenance end | 05-05-2024 |
| Servicer | Wells Fargo Bank, NA |
| Loan servicer | not yet reported |
| Originator | SMC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $14.3M | 07-09-2019 | MAI |
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Advance HOA Management Inc. | 14,888 | 04-30-2029 |
| Ruffhouse Athletics LLC | 14,107 | 08-31-2028 |
| Colorado District Attorneys Council | 11,046 | 05-31-2028 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| January 2023 | $9.6M | Current | 3.86% | 3.17 | 3.46 | 92% | $0 | 09-30-2022 | $1.9M | $754,788 | $1.2M | $1.1M |
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 |
|---|---|
| 2024-11-06 | Scheduled maturity passed; the loan is still reported, with status Current in January 2023 |
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: Morgan Stanley Capital I Trust 2019-L3.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.