← CD 2017-CD3 Mortgage Trust · Loan annex · CMBS market
- Deal
- CD 2017-CD3 Mortgage Trust
- Current balance
- $29.0M (April 2017)
- Share of deal
- not yet reported
- Status
- Current
- DSCR (latest)
- not yet reported
- Occupancy (latest)
- not yet reported
- Scheduled maturity
- 2027-01-06
Property and terms
| Property | 111 Livingston Street |
| Address | 111 Livingston Street; Brooklyn, NY 11201 |
| Property type | Office |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 434,000 |
| Year built | 1969 |
| Year last renovated | 2001 |
| Original balance | $29.0M |
| Current balance | $29.0M (April 2017) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 4.73% |
| Current interest rate | 4.73% |
| Origination date | 01-05-2017 |
| Original term | 120 months |
| Amortization term | 120 months |
| Interest-only period | 120 months |
| Scheduled maturity | 2027-01-06 |
| Prepayment lockout end | 03-05-2019 |
| 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 | $219.0M | 10-26-2016 | not yet reported |
| Most recent reported | $219.0M | 2016-10-26 | MAI |
Change from securitization to the most recent reported valuation: 0.0%.
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| NYS Office of Assistance | 121,545 | 05-31-2020 |
| The Legal Aid Society | 111,900 | 10-31-2037 |
| NYS Workers Comp | 50,225 | not yet reported |
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 | $29.0M | Current | 4.73% | 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.
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: CD 2017-CD4 Mortgage Trust; Citigroup Commercial Mortgage Trust 2017-P7.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.