Office · Washington, District of Columbia
Constitution Center
Public CMBS trusts hold $368.0M of the loan on Constitution Center at 3.049% that reaches maturity on March 9, 2032, in 5 years and 4 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $368,000,000
- Original balance (same notes)
- $368,000,000
- Interest rate
- 3.049% fixed
- Originated
- February 16, 2022
- Maturity
- March 9, 2032
- Payments
- Interest only for the full term
- Prepayment lockout ended
- April 8, 2024
- Prepayment premium ends
- September 8, 2031 (yield maintenance)
- Master servicer
- Midland
- Originator
- MSBNA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 400 7th Street Southwest, Washington, DC 20024
- Metro
- Washington-Arlington-Alexandria, DC-VA-MD-WV
- Rentable area
- 1,410,049 sq ft
- Built
- 1968, renovated 2010
- Largest tenants
- OCC; Federal Housing Finance Agency; General Services Administration-
- Value at securitization
- $914.0M (Dec 2021)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 4.57x | 1.65x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 3 months) | $56.3M | $24.0M |
| Debt yield | 6.5% |
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-BNK42 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage down 0.25x or more from securitization
- NOI down 20% or more from securitization
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 57% below the underwritten figure ($24.0M a year against $56.3M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 4.57x at securitization to 1.65x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $368.0M | Current | No | 1.65x | 100% |
| August 2026 | $368.0M | Current | No | 1.65x | 100% |
| July 2026 | $368.0M | Current | No | 1.77x | 100% |
| June 2026 | $356.4M | Current | No | 1.85x | 100% |
| May 2026 | $368.0M | Current | No | 1.77x | 100% |
| April 2026 | $368.0M | Current | No | 1.77x | 100% |
| March 2026 | $368.0M | Late payment but less than 30 days delinquent | No | 1.77x | 100% |
| February 2026 | $368.0M | Current | No | 1.77x | 100% |
| January 2026 | $368.0M | Late payment but less than 30 days delinquent | No | 1.77x | 100% |
| December 2025 | $368.0M | Current | No | 1.77x | 100% |
| November 2025 | $368.0M | Current | No | 1.77x | 100% |
| October 2025 | $368.0M | Current | No | 2.44x | 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 9 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BANK 2022-BNK41 | 1 | $80,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
| Morgan Stanley Capital I Trust 2022-L8 | 1 | $68,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
| BANK 2022-BNK42 | 1A | $50,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| BANK 2022-BNK43 | 3 | $44,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| BANK 2022-BNK43 | 3A | $40,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| BANK 2022-BNK41 | 1A | $30,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
| BANK 2022-BNK44 | 2 | $30,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
| BANK 2022-BNK42 | 1B | $20,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| BANK 2022-BNK42 | 1 | $6,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Washington-Arlington-Alexandria loans due in 2032
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 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 |
| Cheshire Station | Dale City, VA | Retail | $17.6M | 4.97% | Jun 2032 | n/a | n/a | 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.