Retail · Orlando, Florida
Wellesley Retail
Wellesley Retail is financed with a $5.2M CMBS loan at 3.59% that reaches maturity on January 11, 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
- $5,200,000
- Original balance (same notes)
- $5,200,000
- Interest rate
- 3.59% fixed
- Originated
- December 15, 2021
- Maturity
- January 11, 2032
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ended
- March 10, 2024
- Prepayment premium ends
- October 10, 2031 (yield maintenance)
- Master servicer
- Trimont LLC
- Originator
- Wells Fargo Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 2305 Edgewater Drive, Orlando, FL 32804
- Metro
- Orlando-Kissimmee-Sanford, FL
- Rentable area
- 19,827 sq ft
- Built
- 2007
- Largest tenants
- Truist Bank; Cucina Napoli II LL; Noble Wireless Inc
- Value at securitization
- $8.2M (Aug 2021)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.97x | 2.52x |
| Occupancy | 84% | 100% |
| Net operating income (annualized from 6 months) | $559K | $479K |
| Debt yield | 9.2% |
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-BNK39 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 risen from 84% when the loan was securitized to 100%.
- Net operating income is 14% below the underwritten figure ($479K a year against $559K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.97x at securitization to 2.52x on the latest statements.
- The filing gives Sep 2031 as the lease end date for the largest tenant (Truist Bank), 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 | $5.2M | Current | No | 2.52x | 100% |
| August 2026 | $5.2M | Current | No | 2.51x | 100% |
| July 2026 | $5.2M | Current | No | 2.51x | 100% |
| June 2026 | $5.2M | Current | No | 2.51x | 100% |
| May 2026 | $5.2M | Current | No | 2.51x | 100% |
| April 2026 | $5.2M | Current | No | 2.49x | 100% |
| March 2026 | $5.2M | Current | No | 2.49x | 100% |
| February 2026 | $5.2M | Current | No | 2.49x | 100% |
| January 2026 | $7.2M | Current | No | 3.89x | 91% |
| December 2025 | $5.2M | Current | No | 2.95x | 100% |
| November 2025 | $5.2M | Current | No | 2.95x | 100% |
| October 2025 | $5.2M | Current | No | 2.83x | 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-BNK39 | 46 | $5,200,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Orlando-Kissimmee-Sanford loans due in 2032
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Winter Garden | Winter Garden, FL | Industrial | $28.5M | 3.75% | Jan 2032 | n/a | n/a | Current |
| Village Crossroads | Lady Lake, FL | Retail | $22.6M | 5.98% | Jul 2032 | 1.52x | 85% | Current |
| Walgreens Orlando Operations Center | Orlando, FL | Office | $16.0M | 6.25% | Dec 2032 | 1.84x | 100% | Current |
| Hoffner Commerce Center | Orlando, FL | Office | $14.3M | 4.75% | Apr 2032 | 2.34x | 89% | Current |
| Nona Commons | Orlando, FL | Retail | $11.7M | 4.09% | Mar 2032 | n/a | n/a | Current |
| Bennett Commerce Center | Longwood, FL | Industrial | $10.1M | 4.90% | Apr 2032 | n/a | n/a | Current |
| Embassy Suites Orlando North | Altamonte Springs, FL | Hotel | $10.0M | 5.818% | Jul 2032 | 3.05x | 71% | Current |
| Park Place at Heathrow | Lake Mary, FL | Retail | $7.5M | 4.28% | Apr 2032 | 3.51x | 93% | 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.