← Benchmark 2019-B13 Mortgage Trust · Loan annex · CMBS market
- Deal
- Benchmark 2019-B13 Mortgage Trust
- Current balance
- $3.9M (May 2020)
- Share of deal
- not yet reported
- Status
- 30-59 days delinquent
- DSCR (latest)
- not yet reported
- Occupancy (latest)
- not yet reported
- Scheduled maturity
- not yet reported
Property and terms
| Property | 18428 Collier Ave |
| Address | 18428 Collier Ave; Lake Elsinore, CA 92530 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 8,000 |
| Year built | 2019 |
| Year last renovated | not yet reported |
| Original balance | $1.7M |
| Current balance | $3.9M (May 2020) |
| Share of deal balance | not yet reported |
| Interest rate at origination | not yet reported |
| Current interest rate | 4.35% |
| 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 | Midland |
| Loan servicer | not yet reported |
| Originator | not yet reported |
| Current status | 30-59 days delinquent |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $2.9M | 07-20-2019 | MAI |
| Most recent reported | $2.9M | 2019-07-20 | MAI |
Change from securitization to the most recent reported valuation: 0.0%.
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Skechers | 8,000 | 02-28-2029 |
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 2019 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| October 2019 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| November 2019 | $3.9M | Current | 4.35% | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| December 2019 | $3.9M | Current | 4.35% | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| January 2020 | $3.9M | Current | 4.35% | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| February 2020 | $3.9M | Current | 4.35% | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| March 2020 | $3.9M | Current | 4.35% | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| April 2020 | $3.9M | Matured balloon, non-performing | 4.35% | not yet reported | not yet reported | not yet reported | $14,417 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| May 2020 | $3.9M | 30-59 days delinquent | 4.35% | not yet reported | not yet reported | not yet reported | $27,438 | 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 |
|---|---|
| May 2020 | First reported 30 or more days delinquent |
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.