- Current pool balance
- $999.6M (September 2021)
- Original pool balance
- $1.01B
- Loans at issuance
- 41
- Closing date
- not yet reported
- Weighted average coupon at issuance
- 4.58%
- Weighted average LTV at issuance
- 51.2%
- 30+ delinquent (latest)
- 11.54%
- Realized stress score
- 58.0
- Net rating change since issuance
- not yet reported
Tranches
not yet reported: no tranche table is in the dataset for this deal.
Pool at issuance
| Loans | 41 |
| Original loan balance | $1.01B |
| Weighted average coupon | 4.58% |
| Weighted average LTV | 51.2% |
| Median loan LTV | 63.1% |
| Full-term interest only (share of balance) | 80.3% |
| Balloon loans (share of balance) | 100.0% |
| Largest loan (share of balance) | 9.9% |
| Five largest loans (share of balance) | 36.9% |
| Occupancy at issuance (weighted average) | 94.0% |
Realized outcomes
| Months reported | 1 |
| Peak 30+ delinquency | 11.54% (September 2021) |
| Ever severe (share of original balance) | 11.50% |
| Ever modified (share of original balance) | 0.00% |
| Past scheduled maturity (share of original balance) | 0.00% |
| Non-performing matured (share of original balance) | 4.63% |
| Maximum servicer advances (share of balance) | 0.72% |
| Median DSCR, first year | 1.51 |
| Median DSCR, latest | 1.51 |
| Realized stress score | 58.0 |
Property types
| Property type | Original balance | Share of pool |
|---|---|---|
| Office | $294.6M | 29.3% |
| Retail | $193.1M | 19.2% |
| Lodging | $192.0M | 19.1% |
| Mixed use | $189.5M | 18.8% |
| Multifamily | $67.4M | 6.7% |
| Industrial | $38.8M | 3.9% |
| Other (code 98) | $21.7M | 2.2% |
| Multiple property types | $9.4M | 0.9% |
Property type is reported for 100.0% of the pool balance; shares are of the full pool.
Largest loans
| Property | Location | Original balance | Share of pool | Coupon | Originated |
|---|---|---|---|---|---|
| 930 Flushing Avenue | Brooklyn, NY | $100.0M | 9.9% | 4.17% | 2018 |
| Hyatt at Olive 8 | Seattle, WA | $78.0M | 7.7% | 4.84% | 2017 |
| Kingswood Center | Brooklyn, NY | $65.5M | 6.5% | 5.07% | 2018 |
| 1001 North Shoreline Boulevard | Mountain View, CA | $64.5M | 6.4% | 3.46% | 2018 |
| Beekman Tower | New York, NY | $63.0M | 6.3% | 4.63% | 2017 |
Delinquency and stress indicator
▬ 30+ days delinquent · ▬ Distressed (90+, foreclosure, REO, non-performing matured)
Monthly shares of the deal's reported balance, from the deal indicator series in the dataset. Months in which fewer than half of the reported loans carry a delinquency status code are not plotted.
Ratings
| Classes with a CUSIP | 0 of 0 |
| Classes with a current rating in the dataset | 0 of 0 |
| Net rating change since issuance | not yet reported |
| Delinquency threshold crossed | Not crossed in the dataset |
| First downgrade | None recorded |
Sources: SEC Form ABS-EE asset-level reports, Form 10-D distribution reports and the deal prospectus; rating histories published under SEC Rule 17g-7(b) and agency releases. Definitions are in the methods note on the market page.