Retail · Springfield, Virginia
Backlick Center
Backlick Center is financed with a $15.7M CMBS loan at 5.36% that reaches maturity on June 1, 2032, in 5 years and 7 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $15,661,222
- Original balance (same notes)
- $16,000,000
- Interest rate
- 5.36% fixed
- Originated
- May 5, 2022
- Maturity
- June 1, 2032
- Payments
- Interest only for 32 months, then amortizing
- Prepayment lockout ended
- June 30, 2024
- Prepayment premium ends
- November 30, 2031 (yield maintenance)
- Master servicer
- Trimont LLC
- Originator
- Morgan Stanley Bank, N.A.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 6651-6691 Backlick Road, Springfield, VA 22150
- Metro
- Washington-Arlington-Alexandria, DC-VA-MD-WV
- Rentable area
- 48,267 sq ft
- Built
- 1980, renovated 2019
- Largest tenants
- PetVet RVRC LLC; Advance Auto Parts; Outback Steakhouse
- Value at securitization
- $25.2M (Feb 2022)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.11x | 1.38x |
| Occupancy | 80% | 92% |
| Net operating income (annualized from 6 months) | $1.2M | $1.5M |
| Debt yield | 9.6% |
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-BNK42 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 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
- Occupancy has risen from 80% when the loan was securitized to 92%.
- Net operating income is 25% above the underwritten figure ($1.5M a year against $1.2M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.11x at securitization to 1.38x on the latest statements.
- The filing gives Nov 2028 as the lease end date for the largest tenant (PetVet RVRC LLC), 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 | $15.7M | Current | No | 1.38x | 92% |
| August 2026 | $15.7M | Current | No | 1.34x | 92% |
| July 2026 | $15.7M | Current | No | 1.34x | 92% |
| June 2026 | $15.7M | Current | No | 1.34x | 92% |
| May 2026 | $15.7M | Current | No | 1.44x | 94% |
| April 2026 | $15.8M | Current | No | 1.44x | 94% |
| March 2026 | $15.8M | Current | No | 1.44x | 94% |
| February 2026 | $15.8M | Current | No | 1.28x | 96% |
| January 2026 | $15.8M | Current | No | 1.28x | 96% |
| December 2025 | $15.8M | Current | No | 1.28x | 96% |
| November 2025 | $15.8M | Current | No | 1.28x | 96% |
| October 2025 | $15.9M | Current | No | 1.28x | 96% |
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-BNK42 | 15 | $15,661,222 | Sep 2026 | SEC filing, September 29, 2026 |
Other Washington-Arlington-Alexandria loans due in 2032
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Constitution Center | Washington, DC | Office | $368.0M | 3.049% | Mar 2032 | 1.65x | 100% | Current |
| Woodmore Towne Centre | Glenarden, MD | Retail | $117.2M | 3.39% | Jan 2032 | 3.38x | 96% | Current |
| 2550 M Street | Washington, DC | Office | $86.8M | 4.60% | Apr 2032 | 2.26x | 100% | Current |
| 2115 Wisconsin Avenue | Washington, DC | Office | $54.9M | 4.175% | Apr 2032 | 2.23x | 100% | Current |
| Leesburg Plaza | Leesburg, VA | Retail | $48.5M | 3.17% | Jan 2032 | n/a | n/a | Current |
| Shops at Dakota Crossing | Washington, DC | Retail | $46.0M | 4.86% | Apr 2032 | 1.53x | 100% | Current |
| Liberty Park at Tysons | Vienna, VA | Office | $45.0M | 5.21% | Nov 2032 | 2.95x | 100% | Current |
| Potomac Festival I | Woodbridge, VA | Retail | $40.0M | 5.316% | Aug 2032 | 2.28x | 99% | Current |
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.