Multifamily · Lexington, Kentucky
Rml Glasford Square Townhomes
Rml Glasford Square Townhomes is financed with a $4.2M CMBS loan at 2.715% that reaches maturity on January 1, 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
- $4,200,000
- Original balance (same notes)
- $4,200,000
- Interest rate
- 2.715% fixed
- Originated
- December 21, 2021
- Maturity
- January 1, 2032
- Payments
- Interest only for the full term
- Prepayment lockout ends
- September 30, 2031
- Master servicer
- Trimont LLC
- Originator
- Morgan Stanley Mortgage Capital Holdings LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 825 Glasford Square, Lexington, KY 40515
- Metro
- Lexington-Fayette, KY
- Units, rooms or beds
- 54
- Built
- 2013
- Value at securitization
- $10.6M (Oct 2021)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 5.49x | 6.06x |
| Occupancy | 100% | 91% |
| Net operating income (annualized from 6 months) | $635K | $705K |
| Debt yield | 16.8% |
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-BNK40 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
- Occupancy has fallen from 100% when the loan was securitized to 91%.
- Net operating income is 11% above the underwritten figure ($705K a year against $635K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 5.49x at securitization to 6.06x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $4.2M | Current | No | 6.06x | 91% |
| August 2026 | $4.2M | Current | No | 6.06x | 91% |
| July 2026 | $7.0M | Current | No | 0.97x | 54% |
| June 2026 | $4.2M | Current | No | 6.24x | 91% |
| May 2026 | $4.2M | Current | No | 6.70x | 91% |
| April 2026 | $4.2M | Current | No | 6.70x | 91% |
| March 2026 | $4.2M | Current | No | 6.68x | 93% |
| February 2026 | $4.2M | Current | No | 6.68x | 93% |
| January 2026 | $4.2M | Current | No | 6.68x | 93% |
| December 2025 | $4.2M | Current | No | 6.68x | 93% |
| November 2025 | $4.2M | Current | No | 6.68x | 93% |
| October 2025 | $4.2M | Current | No | 6.81x | 89% |
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-BNK40 | 42 | $4,200,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Lexington-Fayette loans due in 2032
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 1175 Early Drive | Winchester, KY | Industrial | $25.8M | 6.15% | Dec 2032 | n/a | n/a | Current |
| Rml Emerald Twenty Four | Lexington, KY | Multifamily | $25.6M | 2.615% | Jan 2032 | 5.74x | 95% | Current |
| Rml the Marq | Georgetown, KY | Multifamily | $25.0M | 2.615% | Jan 2032 | 4.77x | 95% | Current |
| Rml the Blvd at Hays | Lexington, KY | Multifamily | $24.2M | 2.615% | Jan 2032 | 6.04x | 92% | Current |
| Rml Lexington | Lexington, KY | Multifamily | $15.1M | 2.615% | Jan 2032 | 7.04x | 96% | Current |
| Rml Tracery | Lexington, KY | Multifamily | $15.1M | 2.615% | Jan 2032 | 5.51x | 91% | Current |
| Rml Savannah Oaks Townhomes | Lexington, KY | Multifamily | $7.6M | 2.715% | Jan 2032 | 7.28x | 99% | Current |
| Rml Townhomes of Chilesburg Park | Lexington, KY | Multifamily | $6.5M | 2.715% | Jan 2032 | 7.88x | 98% | 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.