Retail · Sunbury, Ohio
Tanger Outlets Columbus
Public CMBS trusts hold $71.0M of the loan on Tanger Outlets Columbus at 6.252% that reaches maturity on October 1, 2032, in 5 years and 11 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $71,000,000
- Original balance (same notes)
- $71,000,000
- Interest rate
- 6.252% fixed
- Originated
- September 22, 2022
- Maturity
- October 1, 2032
- Payments
- Interest only for the full term
- Prepayment lockout ends
- April 30, 2032
- Master servicer
- Trimont LLC
- Originator
- WFB
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 400 South Wilson Road, Sunbury, OH 43074
- Metro
- Columbus, OH
- Rentable area
- 355,245 sq ft
- Built
- 2016
- Largest tenants
- Old Navy Clothing Co.; Polo/Ralf Lauren; Nike
- Value at securitization
- $121.3M (Aug 2022)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 2.07x | 2.23x |
| Occupancy | 97% | 98% |
| Net operating income (annualized from 3 months) | $9.3M | $10.0M |
| Debt yield | 14.1% |
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 Benchmark 2022-B37 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 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 8% above the underwritten figure ($10.0M a year against $9.3M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 2.07x at securitization to 2.23x on the latest statements.
- The filing gives Jun 2031 as the lease end date for the largest tenant (Old Navy Clothing Co.), before the loan matures. Lenders look hard at that rollover.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $71.0M | Current | No | 2.23x | 98% |
| August 2026 | $71.0M | Current | No | 2.23x | 98% |
| July 2026 | $71.0M | Current | No | 2.23x | 98% |
| June 2026 | $71.0M | Current | No | 2.23x | 98% |
| May 2026 | $71.0M | Current | No | 2.39x | 100% |
| April 2026 | $71.0M | Current | No | 2.39x | 100% |
| March 2026 | $71.0M | Current | No | 2.39x | 100% |
| February 2026 | $71.0M | Current | No | 2.40x | 100% |
| January 2026 | $71.0M | Current | No | 2.40x | 100% |
| December 2025 | $71.0M | Current | No | 2.42x | 96% |
| November 2025 | $71.0M | Current | No | 2.42x | 96% |
| October 2025 | $71.0M | Current | No | 2.42x | 96% |
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
The loan is split into 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BANK 2022-BNK44 | 12 | $39,050,000 | Sep 2026 | SEC filing, October 1, 2026 |
| Benchmark 2022-B37 Mortgage Trust | 9 | $31,950,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other Columbus loans due in 2032
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Hilton Columbus At Easton Town Center | Columbus, OH | Hotel | $49.0M | 6.34% | Nov 2032 | 3.15x | 82% | Current |
| ADS Corporate Headquarters | Columbus, OH | Office | $47.4M | 3.83% | Jan 2032 | 2.50x | 100% | Current |
| Sawmill Plaza | Columbus, OH | Retail | $18.4M | 5.63% | May 2032 | n/a | n/a | Late, less than 30 days |
| Market at Liberty Crossing - Oh | Powell, OH | Retail | $18.3M | 4.086% | Jan 2032 | 1.49x | 100% | Current |
| Courtyard By Marriott Columbus Easton | Columbus, OH | Hotel | $17.5M | 6.74% | Nov 2032 | n/a | n/a | Current |
| Orange Self Storage | Lewis Center, OH | Self storage | $6.7M | 4.515% | Apr 2032 | 2.61x | 76% | Current |
| 2200 Fairwood | Columbus, OH | Industrial | $6.3M | 3.79% | Feb 2032 | 3.34x | 100% | Current |
| DPM - Columbus, OH | Columbus, OH | Self storage | $4.7M | 4.56% | Apr 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.