← CD 2017-CD4 Mortgage Trust · Loan annex · CMBS market
- Deal
- CD 2017-CD4 Mortgage Trust
- Current balance
- $25.0M (February 2019)
- Share of deal
- not yet reported
- Status
- Current
- DSCR (latest)
- 1.24
- Occupancy (latest)
- 100%
- Scheduled maturity
- 2027-01-06
Property and terms
| Property | Moffett Place Google |
| Address | 1170 Bordeaux Drive; Sunnyvale, CA 94089 |
| Property type | Office |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 314,352 |
| Year built | 2016 |
| Year last renovated | not yet reported |
| Original balance | $25.0M |
| Current balance | $25.0M (February 2019) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 4.55% |
| Current interest rate | 4.55% |
| Origination date | 12-30-2016 |
| Original term | 120 months |
| Amortization term | 420 months |
| Interest-only period | 33 months |
| Scheduled maturity | 2027-01-06 |
| Prepayment lockout end | 07-05-2026 |
| Yield maintenance end | not yet reported |
| Servicer | M |
| Loan servicer | not yet reported |
| Originator | Deutsche Bank AG, New York Branch |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $311.1M | 03-01-2018 | not yet reported |
| Most recent reported | $311.1M | 2018-03-01 | MAI |
Change from securitization to the most recent reported valuation: 0.0%.
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Google LLC | 314,352 | 11-30-2028 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| January 2019 | $25.0M | Current | 4.55% | 1.24 | 1.25 | 100% | $0 | 06-30-2018 | $12.9M | $2.2M | $10.7M | $10.6M |
| February 2019 | $25.0M | Current | 4.55% | 1.24 | 1.25 | 100% | $0 | 06-30-2018 | $12.9M | $2.2M | $10.7M | $10.6M |
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-CD3 Mortgage Trust; CD 2017-CD3 Mortgage Trust; CD 2017-CD3 Mortgage Trust; UBS Commercial Mortgage Trust 2017-C1.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.