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ExchangeRight Net Leased Portfolio #54
Public CMBS trusts hold $19.9M of the loan on ExchangeRight Net Leased Portfolio #54 at 3.502% that reaches maturity on March 1, 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
- $19,893,833
- Original balance (same notes)
- $19,893,833
- Interest rate
- 3.502% fixed
- Originated
- February 18, 2022
- Maturity
- March 1, 2032
- Payments
- Interest only for the full term
- Master servicer
- Trimont LLC
- Originator
- MSBNA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Value at securitization
- $159.8M
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 2.67x | 2.67x |
| Occupancy | 100% | 100% |
| Net operating income | $8.3M | $8.3M |
| Debt yield | 41.9% |
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-BNK41 filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 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.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $19.9M | Current | No | 2.67x | 100% |
| August 2026 | $19.9M | Current | No | 2.67x | 100% |
| July 2026 | $19.9M | Current | No | 2.67x | 100% |
| June 2026 | $31.6M | Current | No | 2.74x | 78% |
| May 2026 | $19.9M | Current | No | 2.60x | 100% |
| April 2026 | $19.9M | Current | No | 2.60x | 100% |
| March 2026 | $19.9M | Current | No | 2.60x | 100% |
| February 2026 | $19.9M | Current | No | 2.60x | 100% |
| January 2026 | $19.9M | Current | No | 2.60x | 100% |
| December 2025 | $19.9M | Current | No | 2.60x | 100% |
| November 2025 | $19.9M | Current | No | 2.60x | 100% |
| October 2025 | $19.9M | Current | No | 2.60x | 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 2022-BNK41 | 16A | $17,893,833 | Sep 2026 | SEC filing, October 1, 2026 |
| BANK 2022-BNK41 | 16 | $2,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
Other other loans due in 2032
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Dallas Design District | TX | Other | $130.3M | 4.577% | Mar 2032 | n/a | n/a | Current |
| Acropolis Garden Cooperative | Astoria, NY | Other | $68.5M | 6.09% | Nov 2032 | n/a | n/a | Current |
| 1340 Lafayette | Bronx, NY | Other | $16.5M | 4.892% | Mar 2032 | 1.31x | 100% | Current |
| 5 West 14th Owners Corp. | New York, NY | Other | $14.8M | 2.85% | Jan 2032 | n/a | n/a | Current |
| Hydrafacial and Red Oak Depot | Other | $13.2M | 4.67% | Feb 2032 | 2.14x | 92% | Current | |
| 7510-7610 Mason King Data Center | Manassas, VA | Other | $13.0M | 4.70% | Apr 2032 | 2.87x | 100% | Current |
| Penny Lane Owners Corp. | New York, NY | Other | $12.6M | 2.90% | Jan 2032 | n/a | n/a | Current |
| 45360 Severn Way Data Center | Sterling, VA | Other | $11.5M | 4.70% | Apr 2032 | 2.44x | 100% | 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.