Retail · Phoenix, Arizona
Arcadia Fiesta
Arcadia Fiesta is financed with a $26.9M CMBS loan at 3.55% that reaches maturity on December 1, 2031, in 5 years and 1 month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $26,885,847
- Original balance (same notes)
- $28,375,000
- Interest rate
- 3.55% fixed
- Originated
- November 24, 2021
- Maturity
- December 1, 2031
- Payments
- Interest only for 24 months, then amortizing
- Prepayment lockout ends
- May 31, 2031
- Master servicer
- Trimont LLC
- Originator
- Morgan Stanley Bank, N.A.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 3131 East Indian School Road, Phoenix, AZ 85016
- Metro
- Phoenix-Mesa-Chandler, AZ
- Rentable area
- 154,436 sq ft
- Built
- 1959, renovated 2016
- Largest tenants
- Ross Dress for Less; Salon Boutique LLP; Sunrays Arcadia LLC
- Value at securitization
- $41.8M (Oct 2021)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.69x | 1.73x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $2.6M | $2.7M |
| Debt yield | 10.0% |
Debt yield here is the latest NOI divided by the balance held in the trusts below. If part of the loan sits outside them, the true figure is lower.
Watch flags
Computed from the BANK 2022-BNK39 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Largest tenant's lease ends within 12 months
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
What the filing shows
- The filing gives Jan 2027 as the lease end date for the largest tenant (Ross Dress for Less), before the loan matures. Lenders look hard at that rollover.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $26.9M | Current | No | 1.73x | 100% |
| August 2026 | $26.9M | Current | No | 1.60x | 100% |
| July 2026 | $27.0M | Current | No | 1.60x | 100% |
| June 2026 | $27.0M | Current | No | 1.60x | 100% |
| May 2026 | $27.1M | Late payment but less than 30 days delinquent | No | 1.73x | 90% |
| April 2026 | $27.1M | Current | No | 1.73x | 90% |
| March 2026 | $27.2M | Current | No | 1.73x | 90% |
| February 2026 | $27.3M | Late payment but less than 30 days delinquent | No | 1.69x | 90% |
| January 2026 | $38.0M | Current | No | 5.26x | 100% |
| December 2025 | $27.3M | Current | No | 1.80x | 100% |
| November 2025 | $27.4M | Current | No | 1.80x | 100% |
| October 2025 | $27.4M | Current | No | 1.80x | 100% |
From each trust's ABS-EE filing for that month. Coverage and occupancy change only when the servicer reports new statements. If one trust holding a piece of the loan skipped a month, that month's balance reads low.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BANK 2022-BNK39 | 12 | $26,885,847 | Sep 2026 | SEC filing, September 29, 2026 |
Other Phoenix-Mesa-Chandler loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Watermark Tempe | Tempe, AZ | Mixed use | $121.0M | 2.84% | Aug 2031 | 4.47x | 98% | Current |
| Superstition Gateway | Mesa, AZ | Retail | $77.1M | 3.62% | Oct 2031 | 2.91x | 96% | Current |
| Mesa | Mesa, AZ | Self storage | $51.0M | 2.954% | Aug 2031 | n/a | n/a | Current |
| Mesa Grand | Mesa, AZ | Retail | $38.0M | 6.583% | Jul 2031 | n/a | n/a | Current |
| Gainey Ranch Corporate Center II | Scottsdale, AZ | Office | $29.2M | 3.20% | Aug 2031 | 4.12x | 100% | Current |
| Consumer Cellular | Phoenix, AZ | Office | $27.5M | 4.474% | Apr 2031 | 2.21x | 100% | Current |
| The District - Airpark | Scottsdale, AZ | Mixed use | $25.4M | 3.58% | Apr 2031 | 3.17x | 91% | Current |
| Chandler Heights Marketplace | Chandler, AZ | Retail | $21.2M | 4.02% | Nov 2031 | 1.54x | 100% | Current |
All loans maturing in 2031 · All Phoenix-Mesa-Chandler loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.