Retail · Concord, North Carolina
Concord Mills
Public CMBS trusts hold $225.0M of the loan on Concord Mills at 6.548% that reaches maturity on November 1, 2032, in 6 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $224,973,295
- Original balance (same notes)
- $235,000,000
- Interest rate
- 6.548% fixed
- Originated
- October 11, 2022
- Maturity
- November 1, 2032
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- May 31, 2032
- Master servicer
- Trimont LLC
- Originator
- BANA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 8201 Concord Mills Boulevard, Concord, NC 28027
- Metro
- Charlotte-Concord-Gastonia, NC-SC
- Rentable area
- 1,318,651 sq ft
- Built
- 1999, renovated 2021
- Largest tenants
- Bass Pro Shops Outdoor; Burlington Coat Factory; AMC Theatres
- Value at securitization
- $591.0M (Sep 2022)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 2.10x | 2.38x |
| Occupancy | 95% | 95% |
| Net operating income (annualized from 3 months) | $37.6M | $43.1M |
| Debt yield | 19.2% |
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 2023-BNK45 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
- Net operating income is 15% above the underwritten figure ($43.1M a year against $37.6M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 2.10x at securitization to 2.38x on the latest statements.
- The filing gives Sep 2029 as the lease end date for the largest tenant (Bass Pro Shops Outdoor), 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 | $225.0M | Current | No | 2.38x | 95% |
| August 2026 | $225.2M | Current | No | 2.38x | 95% |
| July 2026 | $225.4M | Current | No | 2.38x | 95% |
| June 2026 | $225.7M | Current | No | 2.40x | 95% |
| May 2026 | $225.9M | Current | No | 2.37x | 96% |
| April 2026 | $226.2M | Current | No | 2.37x | 96% |
| March 2026 | $226.4M | Current | No | 2.37x | 96% |
| February 2026 | $226.7M | Current | No | 2.37x | 96% |
| January 2026 | $226.9M | Current | No | 2.37x | 96% |
| December 2025 | $227.1M | Current | No | 2.37x | 97% |
| November 2025 | $227.4M | Current | No | 2.37x | 97% |
| October 2025 | $227.6M | Current | No | 2.37x | 97% |
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 6 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BANK 2022-BNK44 | 1 | $81,373,319 | Sep 2026 | SEC filing, October 1, 2026 |
| 3650R 2022-PF2 Commercial Mortgage Trust | 2 | $57,439,990 | Sep 2026 | SEC filing, September 29, 2026 |
| BANK 2023-BNK45 | 8 | $38,293,327 | Sep 2026 | SEC filing, September 29, 2026 |
| Benchmark 2022-B37 Mortgage Trust | 12 | $23,933,329 | Sep 2026 | SEC filing, September 28, 2026 |
| BANK 2022-BNK44 | 1A | $14,359,997 | Sep 2026 | SEC filing, October 1, 2026 |
| BANK 2023-BNK45 | 8A | $9,573,332 | Sep 2026 | SEC filing, September 29, 2026 |
Other Charlotte-Concord-Gastonia loans due in 2032
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Poplin Place | Monroe, NC | Retail | $24.1M | 4.43% | Apr 2032 | 1.25x | 86% | Current |
| Kewaunee Scientific | StatesvIlle, NC | Industrial | $16.6M | 4.95% | Apr 2032 | 2.38x | 100% | Current |
| Statesville Mini Storage | Statesville, NC | Self storage | $9.6M | 3.988% | Jan 2032 | 1.27x | 63% | Current |
| American Self-Storage Harrisburg | Harrisburg, NC | Self storage | $7.1M | 5.28% | Aug 2032 | 1.75x | 82% | 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.