← CF 2019-CF2 Mortgage Trust · Loan annex · CMBS market
- Deal
- CF 2019-CF2 Mortgage Trust
- Current balance
- $40.0M (October 2019)
- Share of deal
- not yet reported
- Status
- Matured balloon, performing
- DSCR (latest)
- not yet reported
- Occupancy (latest)
- not yet reported
- Scheduled maturity
- 2029-10-01
Property and terms
| Property | Ocean Edge Resort & Golf Club |
| Address | 2907 Main Street; Brewster, MA 2631 |
| Property type | Lodging |
| Units, beds or keys | 337 |
| Net rentable square feet | not yet reported |
| Year built | 1890 |
| Year last renovated | 2019 |
| Original balance | $40.0M |
| Current balance | $40.0M (October 2019) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 3.75% |
| Current interest rate | 3.75% |
| Origination date | 09-06-2019 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | not yet reported |
| Scheduled maturity | 2029-10-01 |
| Prepayment lockout end | 07-31-2029 |
| Yield maintenance end | not yet reported |
| Servicer | KeyBank National Association |
| Loan servicer | not yet reported |
| Originator | KeyBank National Association |
| Current status | Matured balloon, performing |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $135.4M | 05-30-2019 | MAI |
Monthly history
| Month | Balance | Status | Rate | DSCR (NCF) | DSCR (NOI) | Occupancy | Advances | Financial period end | Revenue | Expenses | NOI | NCF |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| October 2019 | $40.0M | Matured balloon, performing | 3.75% | not yet reported | not yet reported | not yet reported | not yet reported | 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 2019-C5; BBCMS Mortgage Trust 2019-C5.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.