← CF 2019-CF1 Mortgage Trust · Loan annex · CMBS market
- Deal
- CF 2019-CF1 Mortgage Trust
- Current balance
- $50.0M (April 2019)
- Share of deal
- not yet reported
- Status
- Current
- DSCR (latest)
- not yet reported
- Occupancy (latest)
- not yet reported
- Scheduled maturity
- 2029-03-11
Property and terms
| Property | 3 Columbus Circle |
| Address | 3 Columbus Circle; New York, NY 10019 |
| Property type | Office |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 753,713 |
| Year built | 1927 |
| Year last renovated | 2013 |
| Original balance | $50.0M |
| Current balance | $50.0M (April 2019) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 3.91% |
| Current interest rate | 3.91% |
| Origination date | 03-12-2019 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2029-03-11 |
| Prepayment lockout end | 11-10-2028 |
| Yield maintenance end | not yet reported |
| Servicer | KeyBank National Association |
| Loan servicer | not yet reported |
| Originator | J.P. Morgan Chase Commercial Mortgage Securities Corp. |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $1.08B | 01-01-2019 | MAI |
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Young & Rubicam, Inc. | 375,236 | 08-31-2033 |
| Emerge 212 3CC LLC | 57,359 | 02-29-2028 |
| Nordstrom | 46,991 | 10-31-2039 |
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 2019 | $50.0M | Current | 3.91% | 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: Benchmark 2019-B10 Mortgage Trust; Benchmark 2019-B11 Mortgage Trust; Benchmark 2019-B12 Mortgage Trust; Benchmark 2019-B13 Mortgage Trust; CF 2019-CF3 Mortgage Trust; CSAIL 2017-CX10 Commercial Mortgage Trust (segment D02, CIK 1720474); CSAIL 2019-C16 Commercial Mortgage Trust; JPMCC Commercial Mortgage Securities Trust 2019-COR5; Morgan Stanley Capital I Trust 2019-H6; Morgan Stanley Capital I Trust 2019-H7.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.