← CFCRE 2016-C7 Mortgage Trust · Loan annex · CMBS market
- Deal
- CFCRE 2016-C7 Mortgage Trust
- Current balance
- $36.0M (February 2017)
- Share of deal
- not yet reported
- Status
- Matured balloon, non-performing
- DSCR (latest)
- not yet reported
- Occupancy (latest)
- not yet reported
- Scheduled maturity
- 2026-11-01
Property and terms
| Property | Fresno Fashion Fair |
| Address | 645 East Shaw Avenue; Fresno, CA 93710 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 536,093 |
| Year built | not yet reported |
| Year last renovated | 2006 |
| Original balance | $36.0M |
| Current balance | $36.0M (February 2017) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 3.59% |
| Current interest rate | 3.59% |
| Origination date | 10-06-2016 |
| Original term | 120 months |
| Amortization term | 120 months |
| Interest-only period | not yet reported |
| Scheduled maturity | 2026-11-01 |
| Prepayment lockout end | not yet reported |
| Yield maintenance end | not yet reported |
| Servicer | M |
| Loan servicer | not yet reported |
| Originator | not yet reported |
| Current status | Matured balloon, non-performing |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $565.0M | 08-24-2016 | not yet reported |
| Most recent reported | $565.0M | 2016-08-24 | MAI |
Change from securitization to the most recent reported valuation: 0.0%.
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| JCPenney | 153,769 | 11-30-2017 |
| Victoria's Secret | 14,530 | 01-31-2027 |
| Love Culture | 14,135 | 10-31-2020 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| January 2017 | $36.0M | Current | 3.59% | 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 |
| February 2017 | $36.0M | Matured balloon, non-performing | 3.59% | not yet reported | not yet reported | not yet reported | $111,042 | 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: Citigroup Commercial Mortgage Trust 2016-P6.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.