← Bank 2021-BNK36 · Loan annex · CMBS market
- Deal
- Bank 2021-BNK36
- Current balance
- $40.2M (October 2021)
- Share of deal
- not yet reported
- Status
- not yet reported
- DSCR (latest)
- 4.26
- Occupancy (latest)
- 100%
- Scheduled maturity
- not yet reported
Property and terms
| Property | San Juan Industrial Park |
| Address | PR-1, KM 25.1; Caguas, PR 00926 |
| Property type | Industrial |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 517,536 |
| Year built | 2005 |
| Year last renovated | not yet reported |
| Original balance | $40.2M |
| Current balance | $40.2M (October 2021) |
| Share of deal balance | not yet reported |
| Interest rate at origination | not yet reported |
| Current interest rate | not yet reported |
| Origination date | not yet reported |
| Original term | not yet reported |
| Amortization term | not yet reported |
| Interest-only period | not yet reported |
| Scheduled maturity | not yet reported |
| Prepayment lockout end | not yet reported |
| Yield maintenance end | not yet reported |
| Servicer | Wells Fargo Bank, N.A. |
| Loan servicer | not yet reported |
| Originator | not yet reported |
| Current status | not yet reported |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $64.3M | 04-06-2021 | MAI |
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Cesar Castillo | 304,091 | 05-31-2030 |
| FEMA | 116,295 | 02-28-2022 |
| Electrolux | 50,323 | 06-30-2023 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| September 2021 | $40.2M | not yet reported | not yet reported | 4.26 | not yet reported | 100% | not yet reported | 12-31-2020 | $8.3M | $2.3M | $6.0M | $6.0M |
| October 2021 | $40.2M | not yet reported | not yet reported | 4.26 | not yet reported | 100% | not yet reported | 12-31-2020 | $8.3M | $2.3M | $6.0M | $6.0M |
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.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.