← BBCMS Mortgage Trust 2019-C5 · Loan annex · CMBS market
- Deal
- BBCMS Mortgage Trust 2019-C5
- Current balance
- $36.0M (November 2019)
- Share of deal
- not yet reported
- Status
- Current
- DSCR (latest)
- not yet reported
- Occupancy (latest)
- not yet reported
- Scheduled maturity
- 2029-08-06
Property and terms
| Property | Uline Arena |
| Address | 1140 3rd Street Northeast; Washington, DC 20002 |
| Property type | Mixed use |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 248,381 |
| Year built | 1945 |
| Year last renovated | 2017 |
| Original balance | $36.0M |
| Current balance | $36.0M (November 2019) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 4.04% |
| Current interest rate | 4.04% |
| Origination date | 07-29-2019 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2029-08-06 |
| Prepayment lockout end | not yet reported |
| Yield maintenance end | 03-05-2029 |
| Servicer | Midland Loan Services |
| Loan servicer | not yet reported |
| Originator | Natixis Real Estate Capital LLC/Cantor Commercial Real Estate Lending, L.P. |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $212.0M | 07-01-2021 | MAI |
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Recreational Equipment, Inc. | 51,159 | 02-29-2032 |
| RGN National Business Center | 43,680 | 10-31-2033 |
| Pact Inc. | 39,137 | 04-30-2035 |
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 2019 | $36.0M | Current | 4.04% | 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.
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: CD 2019-CD8 Mortgage Trust; CF 2019-CF2 Mortgage Trust; CF 2019-CF2 Mortgage Trust.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.