← CD 2018-CD7 Mortgage Trust (segment D02, CIK 1746406) · Loan annex · CMBS market
- Deal
- CD 2018-CD7 Mortgage Trust (segment D02, CIK 1746406)
- Current balance
- $38.4M (March 2021)
- Share of deal
- 3.4%
- Status
- Current
- DSCR (latest)
- 0.66
- Occupancy (latest)
- 50%
- Scheduled maturity
- 2028-06-01
Property and terms
| Property | SHERATON MUSIC CITY |
| Address | 777 MCGAVOCK PIKE; Nashville, TN 37214 |
| Property type | Lodging |
| Units, beds or keys | 410 |
| Net rentable square feet | not yet reported |
| Year built | 1985 |
| Year last renovated | 2017 |
| Original balance | $40.0M |
| Current balance | $38.4M (March 2021) |
| Share of deal balance | 3.4% |
| Interest rate at origination | 4.94% |
| Current interest rate | 4.94% |
| Origination date | 05-23-2018 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | not yet reported |
| Scheduled maturity | 2028-06-01 |
| Prepayment lockout end | 07-31-2020 |
| Yield maintenance end | 03-31-2028 |
| Servicer | Wells Fargo Bank, NA |
| Loan servicer | not yet reported |
| Originator | JPMorgan Chase Bank, National Association |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $115.0M | 04-01-2018 | MAI |
Monthly history
| Month | Balance | Status | Rate | DSCR (NCF) | DSCR (NOI) | Occupancy | Advances | Financial period end | Revenue | Expenses | NOI | NCF |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| March 2021 | $38.4M | Current | 4.94% | 0.66 | 0.79 | 50% | $0 | 09-30-2020 | $14.6M | $11.0M | $3.5M | $2.9M |
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: Benchmark 2018-B4 Mortgage Trust; Benchmark 2018-B8 Mortgage Trust; JPMCC Commercial Mortgage Securities Trust 2019-COR4; JPMDB Commercial Mortgage Securities Trust 2018-C8 (segment D03, CIK 1735646).
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.