Industrial portfolio, 9 properties · Multiple locations
Shearer's Industrial Portfolio
Public CMBS trusts hold $41.3M of the loan on this portfolio at 3.90% that reaches maturity on March 6, 2032, in 5 years and 4 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $41,279,400
- Original balance (same notes)
- $41,279,400
- Interest rate
- 3.90% fixed
- Originated
- February 16, 2022
- Maturity
- March 6, 2032
- Payments
- Interest only for the full term
- Prepayment lockout ended
- March 5, 2023
- Prepayment premium ends
- December 5, 2031 (yield maintenance)
- Master servicer
- Trimont LLC
- Originator
- WFB
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Value at securitization
- $219.1M
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 2.09x | 2.25x |
| Occupancy | 100% | 100% |
| Net operating income | $11.4M | $12.2M |
| Debt yield | 29.6% |
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-BNK41 filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 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 7% above the underwritten figure ($12.2M a year against $11.4M).
- Debt service coverage moved from 2.09x at securitization to 2.25x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $41.3M | Current | No | 2.25x | 100% |
| August 2026 | $41.3M | Current | No | 2.25x | 100% |
| July 2026 | $41.3M | Current | No | 2.25x | 100% |
| June 2026 | $44.0M | Current | No | 1.58x | 93% |
| May 2026 | $41.3M | Current | No | 1.99x | 100% |
| April 2026 | $41.3M | Current | No | 1.99x | 100% |
| March 2026 | $41.3M | Current | No | 1.99x | 100% |
| February 2026 | $41.3M | Current | No | 1.99x | 100% |
| January 2026 | $41.3M | Current | No | 2.24x | 100% |
| December 2025 | $41.3M | Current | No | 2.24x | 100% |
| November 2025 | $41.3M | Current | No | 2.24x | 100% |
| October 2025 | $41.3M | Current | No | 2.19x | 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-BNK41 | 10 | $41,279,400 | Sep 2026 | SEC filing, October 1, 2026 |
Other industrial loans due in 2032
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Rialto Industrial | Rialto, CA | Industrial | $181.0M | 7.61% | Dec 2032 | n/a | n/a | Late, less than 30 days |
| 350 Anchor Mill Road | New Castle, DE | Industrial | $138.0M | 3.649% | Feb 2032 | n/a | n/a | Current |
| 4000 Principio Parkway | North East, MD | Industrial | $137.9M | 3.865% | Mar 2032 | n/a | n/a | Current |
| Eagle Springs | Danville, VA | Industrial | $103.0M | 6.33% | Oct 2032 | n/a | n/a | Current |
| 400 Lakeside Dr | Perham, MN | Industrial | $96.3M | 3.90% | Mar 2032 | n/a | n/a | Current |
| 417 & 433 West 164th Street | Gardena, CA | Industrial | $93.5M | 5.00% | Aug 2032 | n/a | n/a | Current |
| Memphis, TN | Memphis, TN | Industrial | $75.0M | 6.117% | Oct 2032 | n/a | n/a | Current |
| 2522 and 2526 W. 21st Street, Chanute, KS | Chanute, KS | Industrial | $61.1M | 6.805% | Dec 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.