Industrial · Glendale, Arizona
Conair Glendale
Public CMBS trusts hold $100.0M of the loan on Conair Glendale at 6.745% that reaches maturity on January 6, 2033, in 6 years and 2 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $100,000,000
- Original balance (same notes)
- $100,000,000
- Interest rate
- 6.745% fixed
- Originated
- December 21, 2022
- Maturity
- January 6, 2033
- Payments
- Interest only for the full term
- Prepayment lockout ended
- June 5, 2025
- Prepayment premium ends
- October 5, 2032 (yield maintenance)
- Master servicer
- Trimont LLC
- Originator
- WFB
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 7311 & 7475 North Glen Harbor Boulevard, 10669 & 10691 West Vista Avenue, Glendale, AZ 85307
- Metro
- Phoenix-Mesa-Chandler, AZ
- Rentable area
- 1,416,000 sq ft
- Built
- 1995
- Largest tenants
- CONAIR CORPORATION
- Value at securitization
- $195.9M (Nov 2022)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.58x | 1.79x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $10.8M | $12.3M |
| Debt yield | 12.3% |
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 MSWF Commercial Mortgage Trust 2023-1 filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 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 14% above the underwritten figure ($12.3M a year against $10.8M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.58x at securitization to 1.79x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $100.0M | Current | No | 1.79x | 100% |
| August 2026 | $100.0M | Current | No | 1.66x | 100% |
| July 2026 | $100.0M | Current | No | 1.66x | 100% |
| June 2026 | $100.0M | Current | No | 1.66x | 100% |
| May 2026 | $100.0M | Current | No | 1.66x | 100% |
| April 2026 | $100.0M | Current | No | 1.79x | 100% |
| March 2026 | $100.0M | Current | No | 1.79x | 100% |
| February 2026 | $100.0M | Current | No | 1.79x | 100% |
| January 2026 | $100.0M | Current | No | 1.79x | 100% |
| December 2025 | $100.0M | Current | No | 1.80x | 100% |
| November 2025 | $100.0M | Current | No | 1.80x | 100% |
| October 2025 | $100.0M | 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
The loan is split into 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BANK 2023-BNK45 | 1 | $70,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| MSWF Commercial Mortgage Trust 2023-1 | 8 | $30,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other Phoenix-Mesa-Chandler loans due in 2033
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 2805 W Frye Rd | Chandler, AZ | Self storage | $40.0M | 7.072% | Oct 2033 | n/a | n/a | Current |
| 3 Palms Resort | Scottsdale,, AZ | Hotel | $14.9M | 8.57% | Nov 2033 | n/a | n/a | Current |
| Cambria Phoenix Chandler | Chandler, AZ | Hotel | $13.7M | 7.29% | Aug 2033 | 1.91x | 84% | Current |
| Towneplace Suites Glendale | Glendale, AZ | Hotel | $12.5M | 6.90% | Jan 2033 | 3.11x | 84% | 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.