Retail · Pleasant Valley, New York
Cvs Pleasant Valley
Cvs Pleasant Valley is financed with a $2.0M CMBS loan at 3.90% that reaches maturity on September 1, 2029, in 2 years and 10 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $2,000,000
- Original balance (same notes)
- $2,000,000
- Interest rate
- 3.90% fixed
- Originated
- August 6, 2019
- Maturity
- September 1, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ended
- August 31, 2021
- Prepayment premium ends
- May 31, 2029 (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
- 2 West Road, Pleasant Valley, NY 12569
- Metro
- Kiryas Joel-Poughkeepsie-Newburgh, NY
- Rentable area
- 10,125 sq ft
- Built
- 2000
- Largest tenants
- CVS
- Value at securitization
- $5.1M (May 2019)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 3.67x | 2.97x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 3 months) | $290K | $235K |
| Debt yield | 11.7% |
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 2019-BNK20 filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 2026.
- Coverage down 0.25x 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 19% below the underwritten figure ($235K a year against $290K; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 3.67x at securitization to 2.97x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $2.0M | Current | No | 2.97x | 100% |
| August 2026 | $2.0M | Current | No | 2.97x | 100% |
| July 2026 | $2.0M | Current | No | 2.97x | 100% |
| June 2026 | $2.0M | Current | No | 2.97x | 100% |
| May 2026 | $2.0M | Current | No | 3.82x | 100% |
| April 2026 | $2.0M | Current | No | 3.82x | 100% |
| March 2026 | $2.0M | Current | No | 3.82x | 100% |
| February 2026 | $2.0M | Current | No | 3.82x | 100% |
| January 2026 | $2.0M | Current | No | 3.82x | 100% |
| December 2025 | $2.0M | Current | No | 3.86x | 100% |
| November 2025 | $2.0M | Current | No | 3.86x | 100% |
| October 2025 | $2.0M | Current | No | 3.86x | 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 2019-BNK20 | 68 | $2,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
Other Kiryas Joel-Poughkeepsie-Newburgh loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Prime Storage - Hudson Valley Portfolio | New Windsor, NY | Self storage | $137.5M | 6.23% | Mar 2029 | n/a | n/a | Current |
| Woodbury Gardens | Central Valley, NY | Multifamily | $7.4M | 7.16% | Jul 2029 | 1.50x | 97% | Current |
All loans maturing in 2029 · All Kiryas Joel-Poughkeepsie-Newburgh loans
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.