← Benchmark 2019-B11 Mortgage Trust · Loan annex · CMBS market
- Deal
- Benchmark 2019-B11 Mortgage Trust
- Current balance
- $4.9M (November 2019)
- Share of deal
- not yet reported
- Status
- Current
- DSCR (latest)
- 1.32
- Occupancy (latest)
- 97%
- Scheduled maturity
- 2022-08-06
Property and terms
| Property | Quail Acres |
| Address | Elizabeth, PA 15037 |
| Property type | Multifamily |
| Units, beds or keys | 90 |
| Net rentable square feet | not yet reported |
| Year built | 1980 |
| Year last renovated | not yet reported |
| Original balance | $5.0M |
| Current balance | $4.9M (November 2019) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 5.60% |
| Current interest rate | 5.60% |
| Origination date | 07-20-2017 |
| Original term | 60 months |
| Amortization term | 360 months |
| Interest-only period | not yet reported |
| Scheduled maturity | 2022-08-06 |
| Prepayment lockout end | 05-05-2022 |
| Yield maintenance end | not yet reported |
| Servicer | Midland Loan Services |
| Loan servicer | not yet reported |
| Originator | Ladder Capital Finance LLC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $7.8M | 05-09-2017 | MAI |
| Most recent reported | $7.8M | 2017-05-09 | MAI |
Change from securitization to the most recent reported valuation: 0.0%.
Monthly history
| Month | Balance | Status | Rate | DSCR (NCF) | DSCR (NOI) | Occupancy | Advances | Financial period end | Revenue | Expenses | NOI | NCF |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| November 2019 | $4.9M | Current | 5.60% | 1.32 | 1.39 | 97% | not yet reported | 06-30-2019 | $841,948 | $363,270 | $478,678 | $456,178 |
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 |
|---|---|
| 2022-08-06 | Scheduled maturity passed; the loan is still reported, with status Current in November 2019 |
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 2017-C4.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.