← CD 2018-CD7 Mortgage Trust (segment D01, CIK 1746406) · Loan annex · CMBS market
- Deal
- CD 2018-CD7 Mortgage Trust (segment D01, CIK 1746406)
- Current balance
- $35.0M (August 2018)
- Share of deal
- not yet reported
- Status
- Matured balloon, performing
- DSCR (latest)
- not yet reported
- Occupancy (latest)
- not yet reported
- Scheduled maturity
- 2028-08-06
Property and terms
| Property | Zenith Ridge |
| Address | 2200, 2400 and 2600 Ansys Drive; Canonsburg, PA 15317 |
| Property type | Office |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 486,000 |
| Year built | 2014 |
| Year last renovated | not yet reported |
| Original balance | $35.0M |
| Current balance | $35.0M (August 2018) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 4.70% |
| Current interest rate | 4.70% |
| Origination date | 07-13-2018 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | 60 months |
| Scheduled maturity | 2028-08-06 |
| Prepayment lockout end | 05-05-2028 |
| Yield maintenance end | not yet reported |
| Servicer | Wells Fargo |
| Loan servicer | not yet reported |
| Originator | Starwood Mortgage Capital LLC |
| Current status | Matured balloon, performing |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $133.1M | 06-25-2018 | MAI |
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Ansys, Inc. | 216,971 | 12-31-2029 |
| EQT Corp. | 180,908 | 01-31-2031 |
| Nicholson Construction Company | 17,342 | 01-31-2026 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| August 2018 | $35.0M | Matured balloon, performing | 4.70% | 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: BBCMS Mortgage Trust 2018-C2; CSAIL 2017-CX9 Commercial Mortgage Trust (segment D02, CIK 1716602); Morgan Stanley Capital I Trust 2018-L1.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.