← Bank 2017-BNK4 (segment D03, CIK 1698685) · Loan annex · CMBS market
- Deal
- Bank 2017-BNK4 (segment D03, CIK 1698685)
- Current balance
- $35.0M (November 2021)
- Share of deal
- 3.7%
- Status
- 90+ days delinquent
- DSCR (latest)
- -1.12
- Occupancy (latest)
- 31%
- Scheduled maturity
- 2028-10-06
Property and terms
| Property | HOLIDAY INN FIDI |
| Address | 99 AND 103 WASHINGTON STREET; New York, NY 10006 |
| Property type | Lodging |
| Units, beds or keys | 492 |
| Net rentable square feet | not yet reported |
| Year built | 2014 |
| Year last renovated | not yet reported |
| Original balance | $35.0M |
| Current balance | $35.0M (November 2021) |
| Share of deal balance | 3.7% |
| Interest rate at origination | 5.12% |
| Current interest rate | 5.12% |
| Origination date | 09-18-2018 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2028-10-06 |
| Prepayment lockout end | 06-05-2028 |
| Yield maintenance end | not yet reported |
| Servicer | Wells Fargo Bank, NA |
| Loan servicer | not yet reported |
| Originator | Ladder Capital Finance LLC |
| Current status | 90+ days delinquent |
| Specially serviced now | Yes |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $233.0M | 07-26-2018 | MAI |
| Most recent reported | $138.6M | 2020-08-03 | MAI |
Change from securitization to the most recent reported valuation: -40.5%.
Monthly history
| Month | Balance | Status | Rate | DSCR (NCF) | DSCR (NOI) | Occupancy | Advances | Financial period end | Revenue | Expenses | NOI | NCF |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| November 2021 | $35.0M | 90+ days delinquent | 5.12% | -1.12 | -1.09 | 31% | $2.3M | 06-30-2021 | $3.9M | $8.8M | $-4.9M | $-5.1M |
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 |
|---|---|
| 2020-05-20 | Transferred to the special servicer |
| November 2021 | First reported 30 or more days delinquent |
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: Citigroup Commercial Mortgage Trust 2018-C6; CSAIL 2018-C14 Commercial Mortgage Trust; 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.