Multifamily portfolio, 12 properties · Hartford, Connecticut
Stephanie Apartments Portfolio
This portfolio is financed with a $8.8M CMBS loan at 4.26% that reaches maturity on March 1, 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
- $8,775,000
- Original balance (same notes)
- $8,775,000
- Interest rate
- 4.26% fixed
- Originated
- February 10, 2022
- Maturity
- March 1, 2032
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ends
- November 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
- Units, rooms or beds
- 108
- Value at securitization
- $13.5M (Nov 2021)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.54x | 2.41x |
| Occupancy | 99% | 98% |
| Net operating income (annualized from 6 months) | $796K | $917K |
| Debt yield | 10.4% |
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
- Net operating income is 15% above the underwritten figure ($917K a year against $796K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.54x at securitization to 2.41x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $8.8M | Current | No | 2.41x | 98% |
| August 2026 | $8.8M | Current | No | 2.18x | 97% |
| July 2026 | $12.2M | Current | No | 2.60x | 100% |
| June 2026 | $8.8M | Current | No | 2.18x | 97% |
| May 2026 | $8.8M | Current | No | 2.18x | 97% |
| April 2026 | $8.8M | Current | No | 2.39x | 98% |
| March 2026 | $8.8M | Current | No | 2.31x | 98% |
| February 2026 | $8.8M | Current | No | 2.31x | 98% |
| January 2026 | $8.8M | Current | No | 2.31x | 98% |
| December 2025 | $8.8M | Current | No | 2.31x | 98% |
| November 2025 | $8.8M | Current | No | 2.16x | 98% |
| October 2025 | $8.8M | Current | No | 2.16x | 98% |
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 | 29 | $8,775,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Connecticut loans due in 2032
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Lafayette and Putnam | Greenwich, CT | Office | $42.9M | 5.99% | Nov 2032 | 1.72x | 99% | Current |
| 285 Riverside Ave | Westport, CT | Office | $28.0M | 3.97% | Mar 2032 | n/a | n/a | Current |
| Pavilion at North Haven | North Haven, CT | Retail | $21.4M | 3.82% | Jan 2032 | 1.91x | 93% | Current |
| Graham Capital HQ | Rowayton, CT | Office | $20.2M | 6.27% | Oct 2032 | 2.12x | 100% | Current |
| Secure Self Storage - Norwalk | Norwalk, CT | Self storage | $16.7M | 4.845% | May 2032 | 1.86x | 89% | Current |
| Trolley Square Leased Fee | East Haven, CT | Multifamily | $14.2M | 5.745% | Jul 2032 | 1.62x | 100% | Current |
| Bankwell HQ | New Canaan, CT | Office | $8.2M | 3.74% | Jan 2032 | 3.34x | 100% | Current |
| 6 Armstrong | Shelton, CT | Office | $7.5M | 3.86% | Apr 2032 | 4.57x | 89% | 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.