Retail · Aiea, Hawaii
Pearlridge Uptown II
Pearlridge Uptown II is financed with a $37.0M CMBS loan at 4.071% that reached maturity on May 1, 2025, 17 months ago. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer.
The loan
- Balance in tracked trusts
- $37,040,852
- Original balance (same notes)
- $43,200,000
- Interest rate
- 4.071% fixed
- Originated
- March 30, 2017
- Maturity
- May 1, 2025
- Payments
- Interest only for 24 months, then amortizing
- Prepayment lockout ended
- January 31, 2025
- Master servicer
- Trimont LLC
- Originator
- BANA
Status
- Payment status
- Performing matured balloon (code 4)
- Special servicing
- Transferred May 13, 2025
- Workout strategy
- TBD
- Defeasance
- None reported
The property
- Address
- 98-1025 Moanalua Road, Aiea, HI 96701
- Metro
- Urban Honolulu, HI
- Rentable area
- 154,944 sq ft
- Built
- 1971, renovated 2005
- Largest tenants
- Ross Dress for Less; T J Maxx; PALI MOMI MEDICAL CENTER
- Value at securitization
- $72.0M (Feb 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.45x | 1.87x |
| Occupancy | 96% | 92% |
| Net operating income (annualized from 6 months) | $6.1M | $4.7M |
| Debt yield | 12.7% |
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 Morgan Stanley Bank of America Merrill Lynch Trust 2017-C33 filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- With the special servicer
- Coverage down 0.25x or more from securitization
- NOI down 20% or more from securitization
- Past maturity
On the cmbs.news watch list in all 12 monthly reports we hold (October 2025 to September 2026).
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 96% when the loan was securitized to 92%.
- Net operating income is 23% below the underwritten figure ($4.7M a year against $6.1M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.45x at securitization to 1.87x on the latest statements.
- The most recent valuation in the filing is $37.2M (July 22, 2025), against $72.0M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $37.0M | Performing matured balloon | Yes | 1.87x | 92% |
| August 2026 | $37.1M | Performing matured balloon | Yes | 1.87x | 92% |
| July 2026 | $37.2M | Performing matured balloon | Yes | 2.66x | 92% |
| June 2026 | $37.3M | Performing matured balloon | Yes | 2.66x | 92% |
| May 2026 | $37.4M | Performing matured balloon | Yes | 2.66x | 92% |
| April 2026 | $37.4M | Performing matured balloon | Yes | 2.66x | 92% |
| March 2026 | $37.5M | Performing matured balloon | Yes | 2.52x | 92% |
| February 2026 | $37.6M | Performing matured balloon | Yes | 2.52x | 92% |
| January 2026 | $37.7M | Performing matured balloon | Yes | 2.52x | 92% |
| December 2025 | $37.8M | Performing matured balloon | Yes | 2.49x | 92% |
| November 2025 | $37.8M | Performing matured balloon | Yes | 2.49x | 92% |
| October 2025 | $37.9M | Performing matured balloon | Yes | 2.49x | 92% |
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.
Special-servicing history
- Transferred to the special servicer May 13, 2025, still there.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Morgan Stanley Bank of America Merrill Lynch Trust 2017-C33 | 4 | $37,040,852 | Sep 2026 | SEC filing, October 2, 2026 |
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.