← Barclays Commercial Mortgage Securities LLC (segment D01, CIK 1541480) · Loan annex · CMBS market
- Deal
- Barclays Commercial Mortgage Securities LLC (segment D01, CIK 1541480)
- Current balance
- $50.0M (June 2020)
- Share of deal
- 6.2%
- Status
- Current
- DSCR (latest)
- not yet reported
- Occupancy (latest)
- not yet reported
- Scheduled maturity
- 2025-03-08
Property and terms
| Property | The Cove at Tiburon |
| Address | 50 Barbaree Way; Tiburon, CA 94920 |
| Property type | Multifamily |
| Units, beds or keys | 283 |
| Net rentable square feet | not yet reported |
| Year built | 1967 |
| Year last renovated | 2018 |
| Original balance | $50.0M |
| Current balance | $50.0M (June 2020) |
| Share of deal balance | 6.2% |
| Interest rate at origination | 3.75% |
| Current interest rate | 3.75% |
| Origination date | 02-12-2020 |
| Original term | 60 months |
| Amortization term | not yet reported |
| Interest-only period | 60 months |
| Scheduled maturity | 2025-03-08 |
| Prepayment lockout end | 01-07-2025 |
| Yield maintenance end | not yet reported |
| Servicer | not yet reported |
| Loan servicer | not yet reported |
| Originator | Société Générale Financial Corporation |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $274.1M | 11-26-2019 | MAI |
Monthly history
| Month | Balance | Status | Rate | DSCR (NCF) | DSCR (NOI) | Occupancy | Advances | Financial period end | Revenue | Expenses | NOI | NCF |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| June 2020 | $50.0M | Current | 3.75% | not yet reported | not yet reported | not yet reported | $0 | 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 |
|---|---|
| 2025-03-08 | Scheduled maturity passed; the loan is still reported, with status Current in June 2020 |
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 2020-C7.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.