← CD 2017-CD3 Mortgage Trust · Loan annex · CMBS market
- Deal
- CD 2017-CD3 Mortgage Trust
- Current balance
- $40.0M (April 2017)
- Share of deal
- not yet reported
- Status
- Current
- DSCR (latest)
- not yet reported
- Occupancy (latest)
- not yet reported
- Scheduled maturity
- 2027-01-01
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 | 63,446 |
| Year built | 1964 |
| Year last renovated | 1976 |
| Original balance | $40.0M |
| Current balance | $40.0M (April 2017) |
| 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 | 120 months |
| Interest-only period | 120 months |
| Scheduled maturity | 2027-01-01 |
| Prepayment lockout end | 02-28-2019 |
| Yield maintenance end | 06-30-2026 |
| Servicer | M |
| 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 | $150.0M | 10-05-2016 | not yet reported |
| Most recent reported | $150.0M | 2016-10-05 | MAI |
Change from securitization to the most recent reported valuation: 0.0%.
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Providence Health System - Southern California | 23,636 | 02-28-2022 |
| The Regents of the University of California | 22,742 | 09-30-2018 |
| Cedars-Sinai Medical Center | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| April 2017 | $40.0M | Current | 4.06% | 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.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.