Retail · Puyallup, Washington
Rainier View Marketplace
16810, 16816, 16822, 16904, 16908, 16912 & 17014 Meridian East, Puyallup, WA · Google Maps
BANK 2019-BNK22's 10-D report of October 19, 2026 lists the CMBS loan on Rainier View Marketplace with $9.9M outstanding at 3.95%, paid through October 1, 2026; it reaches maturity on September 1, 2029. The trust's monthly asset file has left the loan out since August 2025, so the other figures here are from the last one that listed it, for the period ending July 11, 2025, and the loan has no current status.
The loan
- Balance on the 10-D of October 19, 2026
- $9,913,867
- Paid through, on the 10-D
- October 1, 2026
- Balance on the asset file for Jul 2025
- $10,226,867
- Original balance (same notes)
- $11,500,000
- Interest rate
- 3.95% fixed
- Originated
- August 21, 2019
- Maturity
- September 1, 2029
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- May 31, 2029
- Master servicer
- Trimont LLC
- Originator
- Morgan Stanley Bank, N.A.
Status on the asset file for Jul 2025
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
What the trust's asset file said for the period ending July 11, 2025. Its later files leave the loan out, so nothing newer is known here beyond the 10-D's paid-through date, October 1, 2026. Why.
The property
- Address
- 16810, 16816, 16822, 16904, 16908, 16912 & 17014 Meridian East, Puyallup, WA 98375
- Metro
- Seattle-Tacoma-Bellevue, WA
- Rentable area
- 70,280 sq ft
- Built
- 2012
- Largest tenants
- Ross Dress for Less; Big 5 Corporation; Ulta Salon Cosmetics & Fragrance Inc/Ulta Beauty
- Value at securitization
- $17.4M (Jun 2019)
Performance
| Measure | At securitization | Latest (Mar 2025) |
|---|---|---|
| DSCR (NOI) | 1.93x | 2.46x |
| Occupancy | 93% | 92% |
| Net operating income (annualized from 3 months) | $1.3M | $1.6M |
| Debt yield | 16.5% |
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.
Comparable loans: retail properties in Seattle-Tacoma-Bellevue, WA, with NOI, occupancy and value.
Watch flags
None: the trust's latest asset file leaves this loan out, so there is no current filing to read them from. The loan counts in no list, total or watch figure on this site until a filing lists it again.
Who is behind this loan
- Parties and contacts named by the trust
- Shown with Pro
Source: SEC Form 10-D, Exhibit 99.1 distribution statement, filed Oct 2026.
Refinance test on today's income
The latest annual NOI in the filing is $1.6M, a debt yield of 16.5% on $9.9M. Lenders often size a new loan so NOI is at least 9% to 10% of the loan amount.
| Debt yield a lender requires | Largest loan | Against today's balance |
|---|---|---|
| 9% | $18.1M | $8.2M of room |
| 10% | $16.3M | $6.4M of room |
Arithmetic on the filed NOI only: no rates, reserves, cap rates or lender terms. NOI can be a year old; see the statement dates above.
Refinance and early payoff, at today's rates
This estimate uses today's Treasury curve and needs JavaScript.
Rough estimates, not quotes. New loan: the filed NOI divided by the coverage you set, at the Treasury yield for the term plus your spread. Early payoff: the present value of the remaining scheduled payments to the open date at today's Treasury yields, less the balance, which is roughly what defeasance or yield maintenance costs. Loan documents, fees and the securities bought change the real number. Treasury yields: U.S. Treasury daily par curve.
Where the loan sits
One trust holds this loan in the data.
| Trust | Asset no. in that trust | Balance | Report period | Source |
|---|---|---|---|---|
| BANK 2019-BNK22 | 28 | $9,913,867on the 10-D of October 19, 2026, paid through October 1, 2026 | Jul 2025the last asset file to list it | SEC filing, July 29, 2025; 10-D |
BANK 2019-BNK22's monthly asset file leaves out the note marked above, since August 2025, while the trust's 10-D still reports it. Its balance is the 10-D's; its other figures are from the last asset file that listed it. Why.
Other Seattle-Tacoma-Bellevue loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Summit 1, 2, 3 and 1 other property | Bellevue, WA | Office | $220.0M | 2.952% | Feb 2029 | n/a | n/a | Current |
| Newport Corporate Center | Bellevue, WA | Office | $164.0M | 3.543% | May 2029 | 5.70x | 100% | Current |
| Sunset North | Bellevue, WA | Office | $150.0M | 3.25% | Oct 2029 | 1.72x | 66% | Current |
| 4th & Battery and 2 other properties | Seattle, WA | Office | $135.0M | 4.378% | Jun 2029 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Millennium Corporate Park | Redmond, WA | Office | $131.0M | 3.032% | Jan 2029 | 3.38x | 89% | Current |
| 90 North Campus | Bellevue, WA | Office | $80.0M | 3.732% | Dec 2029 | 2.97x | 100% | Current |
| University Village, Seattle | Seattle, WA | Retail | $75.0M | 3.30% | Dec 2029 | 2.52x | 95% | Current |
| The Outlet Collection Seattle | Auburn, WA | Retail | $53.3M | 7.33% | Dec 2029 | 2.57x | 98% | Current |
All loans maturing in 2029 · All Seattle-Tacoma-Bellevue loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending July 11, 2025, and the trust's 10-D report of October 19, 2026 for the balance and paid-through date. Servicers report these figures; cmbs.news does not audit them. How this page is built.