← Bank 2017-BNK9 · Loan annex · CMBS market
- Deal
- Bank 2017-BNK9
- Current balance
- $15.0M (May 2021)
- Share of deal
- not yet reported
- Status
- Current
- DSCR (latest)
- not yet reported
- Occupancy (latest)
- not yet reported
- Scheduled maturity
- 2027-11-06
Property and terms
| Property | Headquarters Plaza |
| Address | NJ |
| Property type | Mixed use |
| Units, beds or keys | not yet reported |
| Net rentable square feet | not yet reported |
| Year built | not yet reported |
| Year last renovated | not yet reported |
| Original balance | $15.0M |
| Current balance | $15.0M (May 2021) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 4.35% |
| Current interest rate | 4.35% |
| Origination date | 10-20-2017 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2027-11-06 |
| Prepayment lockout end | not yet reported |
| Yield maintenance end | not yet reported |
| Servicer | Wells Fargo Bank, NA |
| Loan servicer | not yet reported |
| Originator | Barclays Bank PLC |
| Current status | Current |
| Specially serviced now | Yes |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| Most recent reported | $158.6M | 2020-08-05 | MAI |
Monthly history
| Month | Balance | Status | Rate | DSCR (NCF) | DSCR (NOI) | Occupancy | Advances | Financial period end | Revenue | Expenses | NOI | NCF |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| May 2021 | $15.0M | Current | 4.35% | not yet reported | not yet reported | not yet reported | $487,662 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
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 |
|---|---|
| 2020-04-06 | Loan modified (maturity after modification 2027-11-06) |
| 2020-06-26 | Transferred to the special servicer |
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: CCUBS Commercial Mortgage Trust 2017-C1; CD 2017-CD6 Mortgage Trust; Wells Fargo Commercial Mortgage Trust 2017-C41; Wells Fargo Commercial Mortgage Trust 2017-C41.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.