← Bank 2017-BNK4 (segment D03, CIK 1698685) · Loan annex · CMBS market
- Deal
- Bank 2017-BNK4 (segment D03, CIK 1698685)
- Current balance
- $23.9M (November 2021)
- Share of deal
- 2.5%
- Status
- Current
- DSCR (latest)
- 1.84
- Occupancy (latest)
- 83%
- Scheduled maturity
- 2028-08-06
Property and terms
| Property | ELLSWORTH PLACE |
| Address | 8661 COLESVILLE ROAD; 8645 COLESVILLE ROAD; Silver Spring, MD 20910 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 347,758 |
| Year built | 1947 |
| Year last renovated | 2015 |
| Original balance | $24.0M |
| Current balance | $23.9M (November 2021) |
| Share of deal balance | 2.5% |
| Interest rate at origination | 5.01% |
| Current interest rate | 5.01% |
| Origination date | 07-20-2018 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | 36 months |
| Scheduled maturity | 2028-08-06 |
| Prepayment lockout end | 08-05-2020 |
| Yield maintenance end | 02-05-2028 |
| Servicer | Wells Fargo Bank, NA |
| Loan servicer | not yet reported |
| Originator | Rialto Mortgage Finance, LLC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $95.9M | 06-21-2018 | MAI |
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Burlington Coat Factory | 65,096 | 02-28-2026 |
| Dave & Busters | 41,975 | 01-31-2032 |
| Marshalls | 27,771 | 06-30-2025 |
The three largest tenants as reported in the latest asset-level record.
Monthly history
| Month | Balance | Status | Rate | DSCR (NCF) | DSCR (NOI) | Occupancy | Advances | Financial period end | Revenue | Expenses | NOI | NCF |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| November 2021 | $23.9M | Current | 5.01% | 1.84 | 1.96 | 83% | $0 | 06-30-2021 | $5.1M | $1.7M | $3.4M | $3.2M |
Revenue, expenses, net operating income (NOI) and net cash flow (NCF) are the most recent financials reported as of each month, for the financial period ending on the date shown. DSCR is debt service coverage on the net cash flow and net operating income bases as reported.
Status timeline
| Date | Event |
|---|---|
| 2020-06-06 | Loan modified (maturity after modification 2028-08-06) |
Also filed in other trusts
Loans are sometimes split across trusts (pari passu), and each trust files the loan at its whole-loan amount. A loan with the same property name and origination date is filed in: UBS Commercial Mortgage Trust 2018-C13; UBS Commercial Mortgage Trust 2018-C14 (segment D01, CIK 1758292); UBS Commercial Mortgage Trust 2018-C15; Wells Fargo Commercial Mortgage Trust 2018-C47.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.