← Bank 2017-BNK4 (segment D03, CIK 1698685) · Loan annex · CMBS market
- Deal
- Bank 2017-BNK4 (segment D03, CIK 1698685)
- Current balance
- $50.0M (November 2021)
- Share of deal
- 5.3%
- Status
- Current
- DSCR (latest)
- 1.58
- Occupancy (latest)
- 96%
- Scheduled maturity
- 2028-08-01
Property and terms
| Property | CHRISTIANA MALL |
| Address | 132 CHRISTIANA MALL; Newark, DE 19702 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 779,084 |
| Year built | 1978 |
| Year last renovated | 2014 |
| Original balance | $50.0M |
| Current balance | $50.0M (November 2021) |
| Share of deal balance | 5.3% |
| Interest rate at origination | 4.28% |
| Current interest rate | 4.28% |
| Origination date | 07-12-2018 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2028-08-01 |
| Prepayment lockout end | 01-31-2028 |
| Yield maintenance end | not yet reported |
| Servicer | Wells Fargo Bank, NA |
| Loan servicer | not yet reported |
| Originator | Barclays Bank PLC; Société Générale; Deutsche Bank AG, New York Branch |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $1.04B | 06-05-2018 | MAI |
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Target | 145,312 | 12-31-2036 |
| CABELA'S | 100,000 | 01-31-2035 |
| Cinemark Theater | 50,643 | 11-30-2029 |
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 | $50.0M | Current | 4.28% | 1.58 | 1.61 | 96% | $0 | 06-30-2021 | $23.7M | $4.5M | $19.2M | $18.8M |
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.
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: BBCMS Mortgage Trust 2018-C2; BBCMS Mortgage Trust 2019-C3; DBGS 2018-C1 Mortgage Trust; 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; Wells Fargo Commercial Mortgage Trust 2018-C48.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.