← Benchmark 2020-B16 Mortgage Trust · Loan annex · CMBS market
- Deal
- Benchmark 2020-B16 Mortgage Trust
- Current balance
- $7.1M (December 2023)
- Share of deal
- not yet reported
- Status
- Current
- DSCR (latest)
- 3.51
- Occupancy (latest)
- 83%
- Scheduled maturity
- 2029-09-06
Property and terms
| Property | Holiday Inn Express and Suites Los Alamos |
| Address | 60 Entrada Drive; Los Alamos, NM 87544 |
| Property type | Lodging |
| Units, beds or keys | 86 |
| Net rentable square feet | not yet reported |
| Year built | 2009 |
| Year last renovated | not yet reported |
| Original balance | $7.7M |
| Current balance | $7.1M (December 2023) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 4.05% |
| Current interest rate | 4.05% |
| Origination date | 08-28-2019 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | not yet reported |
| Scheduled maturity | 2029-09-06 |
| Prepayment lockout end | 05-05-2029 |
| Yield maintenance end | not yet reported |
| Servicer | Midland |
| Loan servicer | not yet reported |
| Originator | Citi Real Estate Funding Inc. |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $11.5M | 07-02-2020 | MAI |
| Most recent reported | $11.5M | 2019-07-02 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| December 2023 | $7.1M | Current | 4.05% | 3.51 | 3.89 | 83% | $0 | 09-30-2023 | $4.1M | $2.4M | $1.7M | $1.5M |
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 |
|---|---|
| 2021-01-06 | Loan modified (rate after modification 0.00%; maturity after modification 2029-09-06) |
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: Benchmark 2019-B13 Mortgage Trust.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.