Industrial · Somerset, Pennsylvania
Augustine Plastics
Augustine Plastics is financed with a $7.0M CMBS loan at 4.06% that reaches maturity on April 1, 2032, in 5 years and 5 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $7,000,000
- Original balance (same notes)
- $7,000,000
- Interest rate
- 4.06% fixed
- Originated
- March 18, 2022
- Maturity
- April 1, 2032
- Payments
- Interest only for the full term
- Prepayment lockout ends
- December 31, 2031
- Master servicer
- Trimont LLC
- Originator
- MSBNA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 492 Drum Avenue, Somerset, PA 15501
- Rentable area
- 221,000 sq ft
- Built
- 1975, renovated 2000
- Largest tenants
- Augustine
- Value at securitization
- $14.0M (Feb 2022)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.73x | 3.26x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $786K | $945K |
| Debt yield | 13.5% |
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-BNK41 filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 2026.
None this month. No flag in the cmbs.news screen applies to this loan.
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
- Net operating income is 20% above the underwritten figure ($945K a year against $786K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.73x at securitization to 3.26x on the latest statements.
The last 11 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $7.0M | Current | No | 3.26x | 100% |
| August 2026 | $7.0M | Current | No | 3.26x | 100% |
| July 2026 | $7.0M | Current | No | 3.27x | 100% |
| May 2026 | $7.0M | Current | No | 3.27x | 100% |
| April 2026 | $7.0M | Current | No | 3.21x | 100% |
| March 2026 | $7.0M | Current | No | 3.20x | 100% |
| February 2026 | $7.0M | Current | No | 3.20x | 100% |
| January 2026 | $7.0M | Current | No | 3.20x | 100% |
| December 2025 | $7.0M | Current | No | 3.20x | 100% |
| November 2025 | $7.0M | Current | No | 3.20x | 100% |
| October 2025 | $7.0M | Current | No | 3.21x | 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-BNK41 | 39 | $7,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
Other Pennsylvania loans due in 2032
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Saks Fulfillment Center | Wilkes Barre, PA | Industrial | $60.0M | 6.17% | Aug 2032 | 1.79x | 100% | With the special servicer and 90+ days delinquent |
| West Mifflin, PA | West Mifflin, PA | Industrial | $57.0M | 5.70% | Jun 2032 | n/a | n/a | Current |
| Colonial Commons | Harrisburg, PA | Retail | $44.0M | 5.85% | Oct 2032 | 2.19x | 94% | Current |
| Philadelphia Logistics Center | Philadelphia, PA | Industrial | $39.5M | 3.34% | Jan 2032 | 0.74x | 7% | Current |
| 2100 Wharton Street | Pittsburgh, PA | Office | $29.5M | 5.78% | Jul 2032 | 1.71x | 87% | Current |
| Budget Store and Lock Self Storage Portfolio | PA | Self storage | $26.0M | 3.717% | Mar 2032 | 1.97x | 74% | Current |
| 980 Jolly Road | Blue Bell, PA | Office | $24.8M | 3.632% | Feb 2032 | 2.94x | 88% | Current |
| 45 Liberty Boulevard | Malvern, PA | Office | $24.5M | 3.57% | Jan 2032 | 3.29x | 100% | With the special servicer and 90+ days delinquent |
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.