← CD 2017-CD3 Mortgage Trust · Loan annex · CMBS market
- Deal
- CD 2017-CD3 Mortgage Trust
- Current balance
- $35.0M (April 2017)
- Share of deal
- not yet reported
- Status
- Current
- DSCR (latest)
- not yet reported
- Occupancy (latest)
- not yet reported
- Scheduled maturity
- 2025-08-06
Property and terms
| Property | Prudential Plaza |
| Address | 130 East Randolph Street and 180 North Stetson Avenue; Chicago, IL 60601 |
| Property type | Office |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 2,269,632 |
| Year built | 1990 |
| Year last renovated | 2015 |
| Original balance | $35.0M |
| Current balance | $35.0M (April 2017) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 4.61% |
| Current interest rate | 4.61% |
| Origination date | 07-30-2015 |
| Original term | 120 months |
| Amortization term | 408 months |
| Interest-only period | 48 months |
| Scheduled maturity | 2025-08-06 |
| Prepayment lockout end | 08-05-2018 |
| Yield maintenance end | not yet reported |
| Servicer | M |
| Loan servicer | not yet reported |
| Originator | German American Capital Corporation |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $700.0M | 07-20-2016 | not yet reported |
| Most recent reported | $700.0M | 2016-07-20 | MAI |
Change from securitization to the most recent reported valuation: 0.0%.
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Wilson | 87,386 | 12-31-2029 |
| Optiver US LLC | 73,779 | 04-30-2023 |
| Clark Hill | 71,813 | 12-31-2032 |
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 | $35.0M | Current | 4.61% | 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.
Status timeline
| Date | Event |
|---|---|
| 2025-08-06 | Scheduled maturity passed; the loan is still reported, with status Current in April 2017 |
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: JPMDB Commercial Mortgage Securities Trust 2017-C5.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.