← 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
- $50.0M (March 2021)
- Share of deal
- 4.4%
- Status
- Current
- DSCR (latest)
- 2.59
- Occupancy (latest)
- 92%
- Scheduled maturity
- 2028-04-06
Property and terms
| Property | THE GATEWAY |
| Address | 550 & 560 BATTERY STREET, 440 DAVIS COURT, 100 WASHINGTON STREET, 155 JACKSON STREET, 405 DAVIS COURT, 200 WASHINGTON STREET, 99 JACKSON STREET, 1-9 BOSTON SHIP PLAZA, 10-13 & 25-38 HINCKLEY WALK, 14-; San Francisco, CA 94111 |
| Property type | Multifamily |
| Units, beds or keys | 1254 |
| Net rentable square feet | not yet reported |
| Year built | 1965 |
| Year last renovated | 2018 |
| Original balance | $50.0M |
| Current balance | $50.0M (March 2021) |
| Share of deal balance | 4.4% |
| Interest rate at origination | 3.72% |
| Current interest rate | 3.72% |
| Origination date | 03-16-2018 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2028-04-06 |
| Prepayment lockout end | 04-05-2019 |
| Yield maintenance end | 10-05-2027 |
| Servicer | Wells Fargo Bank, NA |
| Loan servicer | not yet reported |
| Originator | Deutsche Bank AG, acting through its New York Branch/Bank of America, N.A. |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $868.8M | 02-01-2018 | MAI |
Monthly history
| Month | Balance | Status | Rate | DSCR (NCF) | DSCR (NOI) | Occupancy | Advances | Financial period end | Revenue | Expenses | NOI | NCF |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| March 2021 | $50.0M | Current | 3.72% | 2.59 | 2.62 | 92% | $0 | 12-31-2020 | $47.7M | $15.1M | $32.6M | $32.3M |
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: Bank 2018-BNK11; Bank 2018-BNK12; Benchmark 2018-B4 Mortgage Trust; DBGS 2018-C1 Mortgage Trust; 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.