Retail · West Palm Beach, Florida
Marketplace at the Outlets
Marketplace at the Outlets is financed with a $79.0M CMBS loan at 3.454% that reaches maturity on January 11, 2032, in 5 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
- $79,000,000
- Original balance (same notes)
- $79,000,000
- Interest rate
- 3.454% fixed
- Originated
- December 30, 2021
- Maturity
- January 11, 2032
- Payments
- Interest only for the full term
- Prepayment lockout ended
- January 10, 2023
- Prepayment premium ends
- September 10, 2031 (yield maintenance)
- Master servicer
- Trimont LLC
- Originator
- Wells Fargo Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1751 Palm Beach Lakes Boulevard, West Palm Beach, FL 33401
- Metro
- Miami-Fort Lauderdale-West Palm Beach, FL
- Rentable area
- 300,830 sq ft
- Built
- 2014
- Largest tenants
- Whole Foods Market Group; Nordstrom; Burlington Coat Factory
- Value at securitization
- $130.0M (Nov 2021)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 2.55x | 2.87x |
| Occupancy | 100% | 99% |
| Net operating income (annualized from 3 months) | $7.1M | $7.9M |
| Debt yield | 10.1% |
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-BNK39 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 13% above the underwritten figure ($7.9M a year against $7.1M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 2.55x at securitization to 2.87x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $79.0M | Current | No | 2.87x | 99% |
| August 2026 | $79.0M | Current | No | 2.87x | 99% |
| July 2026 | $79.0M | Current | No | 2.87x | 99% |
| June 2026 | $79.0M | Current | No | 2.71x | 99% |
| May 2026 | $79.0M | Current | No | 2.71x | 99% |
| April 2026 | $79.0M | Current | No | 2.71x | 99% |
| March 2026 | $79.0M | Current | No | 2.43x | 100% |
| February 2026 | $79.0M | Current | No | 2.43x | 100% |
| January 2026 | $68.0M | Current | No | 5.89x | 94% |
| December 2025 | $79.0M | Current | No | 2.43x | 100% |
| November 2025 | $79.0M | Current | No | 2.43x | 100% |
| October 2025 | $79.0M | Current | No | 2.43x | 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 2022-BNK39 | 2 | $79,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Miami-Fort Lauderdale-West Palm Beach loans due in 2032
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 360 Rosemary | West Palm Beach, FL | Office | $85.0M | 3.95% | Feb 2032 | 1.82x | 100% | Current |
| 4141 NE 2nd Avenue | Miami, FL | Mixed use | $43.5M | 5.41% | Aug 2032 | 2.24x | 93% | Current |
| 625 North Flagler Drive | West Palm Beach, FL | Office | $37.7M | 4.94% | May 2032 | 1.63x | 91% | Current |
| Aventura Self-Storage Miami FL | Miami, FL | Self storage | $23.0M | 5.41% | Aug 2032 | 1.38x | 95% | Current |
| BJ's Wholesale Club - Kendall | Miami, FL | Retail | $22.1M | 4.70% | Jan 2032 | 1.72x | 100% | Current |
| Hampton by Hilton Inn & Suites Wellington | Wellington, FL | Hotel | $20.9M | 6.945% | Dec 2032 | 2.94x | 70% | Current |
| Forum Office West Palm Beach | West Palm Beach, FL | Office | $20.5M | 3.98% | Feb 2032 | 3.76x | 93% | Current |
| 7800 Red Road | South Miami, FL | Office | $20.0M | 6.35% | Jul 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.