Retail · Ventura, California
Pacific View
Public CMBS trusts hold $69.7M of the loan on Pacific View at 5.29% that reaches maturity on May 6, 2032, in 5 years and 6 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $69,740,949
- Original balance (same notes)
- $72,000,000
- Interest rate
- 5.29% fixed
- Originated
- April 29, 2022
- Maturity
- May 6, 2032
- Payments
- Interest only for 24 months, then amortizing
- Prepayment lockout ended
- December 5, 2024
- Prepayment premium ends
- January 5, 2032 (yield maintenance)
- Master servicer
- Trimont LLC
- Originator
- CFI
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 3301 East Main Street, Ventura, CA 93003
- Metro
- Oxnard-Thousand Oaks-Ventura, CA
- Rentable area
- 577,762 sq ft
- Built
- 1964, renovated 2000
- Largest tenants
- Macy's; 24 Hour Fitness; Ross Dress for Less
- Value at securitization
- $168.7M (Mar 2022)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 2.31x | 1.88x |
| Occupancy | 86% | 81% |
| Net operating income (annualized from 3 months) | $11.1M | $9.1M |
| Debt yield | 13.1% |
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-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
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
- Occupancy has fallen from 86% when the loan was securitized to 81%.
- Net operating income is 17% below the underwritten figure ($9.1M a year against $11.1M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 2.31x at securitization to 1.88x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $69.7M | Late payment but less than 30 days delinquent | No | 1.88x | 81% |
| August 2026 | $69.8M | Late payment but less than 30 days delinquent | No | 1.88x | 81% |
| July 2026 | $69.9M | Current | No | 1.88x | 81% |
| June 2026 | $70.0M | Current | No | 1.72x | 85% |
| May 2026 | $70.0M | Current | No | 1.78x | 84% |
| April 2026 | $70.1M | Current | No | 1.78x | 84% |
| March 2026 | $70.2M | Current | No | 1.78x | 84% |
| February 2026 | $70.3M | Current | No | 1.78x | 84% |
| January 2026 | $70.4M | Current | No | 1.78x | 84% |
| December 2025 | $70.5M | Current | No | 1.80x | 83% |
| November 2025 | $70.6M | Current | No | 1.80x | 83% |
| October 2025 | $70.6M | Current | No | 1.80x | 83% |
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-BNK44 | 8 | $40,662,420 | Sep 2026 | SEC filing, October 1, 2026 |
| BANK 2022-BNK42 | 9 | $29,078,530 | Sep 2026 | SEC filing, September 29, 2026 |
Other Oxnard-Thousand Oaks-Ventura loans due in 2032
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Homewood Suites - Oxnard, Ca | Oxnard, CA | Hotel | $27.9M | 5.84% | Aug 2032 | 2.34x | 68% | Current |
| Townsgate Office | Westlake Village, CA | Office | $15.3M | 3.827% | Apr 2032 | 0.66x | 53% | Current |
| Plaza Hillcrest | Thousand Oaks, CA | Retail | $11.0M | 4.079% | Feb 2032 | 2.42x | 100% | Current |
| Bryant Circle Self Storage | Ojai, CA | Self storage | $6.0M | 3.82% | Mar 2032 | 3.57x | 90% | 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.