← CD 2017-CD3 Mortgage Trust · Loan annex · CMBS market
- Deal
- CD 2017-CD3 Mortgage Trust
- Current balance
- $71.0M (May 2020)
- Share of deal
- not yet reported
- Status
- Current
- DSCR (latest)
- not yet reported
- Occupancy (latest)
- not yet reported
- Scheduled maturity
- 2026-12-08
Property and terms
| Property | Medical Centre Of Santa Monica |
| Address | 2001 & 2021 Santa Monica Boulevard; Santa Monica, CA 90404 |
| Property type | Office |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 205,572 |
| Year built | 1964 |
| Year last renovated | 1976 |
| Original balance | $31.0M |
| Current balance | $71.0M (May 2020) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 4.06% |
| Current interest rate | 4.06% |
| Origination date | 12-08-2016 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2026-12-08 |
| Prepayment lockout end | 02-28-2019 |
| Yield maintenance end | 06-30-2026 |
| Servicer | Midland |
| Loan servicer | not yet reported |
| Originator | Citigroup Global Markets Realty Corp. |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $47.9M | 10-05-2016 | MAI |
| Most recent reported | $150.0M | 2016-10-05 | MAI |
Change from securitization to the most recent reported valuation: 213.2%.
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| PROVIDENCE HEALTH | 25,409 | 01-31-2021 |
| PROVIDENCE HEALTH SYSTEM | 13,952 | 09-30-2020 |
| CEDARS-SINAI | 9,834 | 02-29-2020 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| June 2017 | $31.0M | Current | 4.06% | 2.94 | 2.94 | not yet reported | $0 | 08-31-2016 | $4.1M | $1.2M | $2.9M | $2.9M |
| July 2017 | $31.0M | Current | 4.06% | 2.94 | 2.94 | not yet reported | $0 | 08-31-2016 | $4.1M | $1.2M | $2.9M | $2.9M |
| August 2017 | $31.0M | Current | 4.06% | 2.94 | 2.94 | not yet reported | $0 | 08-31-2016 | $4.1M | $1.2M | $2.9M | $2.9M |
| September 2017 | $31.0M | Current | 4.06% | 2.94 | 2.94 | not yet reported | $0 | 08-31-2016 | $4.1M | $1.2M | $2.9M | $2.9M |
| October 2017 | $31.0M | Current | 4.06% | 2.94 | 2.94 | not yet reported | $0 | 08-31-2016 | $4.1M | $1.2M | $2.9M | $2.9M |
| November 2017 | $31.0M | Current | 4.06% | 2.94 | 2.94 | not yet reported | $0 | 08-31-2016 | $4.1M | $1.2M | $2.9M | $2.9M |
| December 2017 | $31.0M | Current | 4.06% | 2.94 | 2.94 | not yet reported | $0 | 08-31-2016 | $4.1M | $1.2M | $2.9M | $2.9M |
| January 2018 | $31.0M | Current | 4.06% | 2.94 | 2.94 | not yet reported | $0 | 08-31-2016 | $4.1M | $1.2M | $2.9M | $2.9M |
| February 2018 | $31.0M | Current | 4.06% | 2.94 | 2.94 | not yet reported | $0 | 08-31-2016 | $4.1M | $1.2M | $2.9M | $2.9M |
| March 2018 | $31.0M | Current | 4.06% | 2.94 | 2.94 | not yet reported | $0 | 08-31-2016 | $4.1M | $1.2M | $2.9M | $2.9M |
| April 2018 | $31.0M | Current | 4.06% | 2.94 | 2.94 | not yet reported | $0 | 08-31-2016 | $4.1M | $1.2M | $2.9M | $2.9M |
| May 2018 | $31.0M | Current | 4.06% | 2.94 | 2.94 | not yet reported | $0 | 08-31-2016 | $4.1M | $1.2M | $2.9M | $2.9M |
| June 2018 | $31.0M | Current | 4.06% | 2.94 | 2.94 | not yet reported | $0 | 08-31-2016 | $4.1M | $1.2M | $2.9M | $2.9M |
| July 2018 | $31.0M | Current | 4.06% | 2.94 | 2.94 | not yet reported | $0 | 08-31-2016 | $4.1M | $1.2M | $2.9M | $2.9M |
| August 2018 | $31.0M | Current | 4.06% | 2.94 | 2.94 | not yet reported | $0 | 08-31-2016 | $4.1M | $1.2M | $2.9M | $2.9M |
| September 2018 | $31.0M | Current | 4.06% | 2.94 | 2.94 | not yet reported | $0 | 08-31-2016 | $4.1M | $1.2M | $2.9M | $2.9M |
| October 2018 | $31.0M | Current | 4.06% | 2.94 | 2.94 | not yet reported | $0 | 08-31-2016 | $4.1M | $1.2M | $2.9M | $2.9M |
| November 2018 | $31.0M | Current | 4.06% | 2.94 | 2.94 | not yet reported | $0 | 08-31-2016 | $4.1M | $1.2M | $2.9M | $2.9M |
| December 2018 | $31.0M | Current | 4.06% | 2.94 | 2.94 | not yet reported | $0 | 08-31-2016 | $4.1M | $1.2M | $2.9M | $2.9M |
| January 2019 | $31.0M | Current | 4.06% | 2.94 | 2.94 | not yet reported | $0 | 08-31-2016 | $4.1M | $1.2M | $2.9M | $2.9M |
| February 2019 | $71.0M | Current | 4.06% | 2.94 | 2.94 | not yet reported | $0 | 08-31-2016 | $12.1M | $3.5M | $8.6M | $8.6M |
| March 2019 | $71.0M | Current | 4.06% | 2.94 | 2.94 | not yet reported | $0 | 08-31-2016 | $12.1M | $3.5M | $8.6M | $8.6M |
| March 2020 | 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 |
| April 2020 | $71.0M | Current | 4.06% | 2.60 | 2.99 | 95% | not yet reported | 09-30-2019 | $13.4M | $4.7M | $8.7M | $7.6M |
| May 2020 | $71.0M | Current | 4.06% | 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 |
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.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.