← CFCRE 2016-C7 Mortgage Trust · Loan annex · CMBS market
- Deal
- CFCRE 2016-C7 Mortgage Trust
- Current balance
- $31.8M (February 2017)
- Share of deal
- not yet reported
- Status
- Current
- DSCR (latest)
- not yet reported
- Occupancy (latest)
- not yet reported
- Scheduled maturity
- 2026-12-06
Property and terms
| Property | Fedex Distribution - 1655 Olympic Drive (and 3 more properties) |
| Address | 1655 Olympic Drive; 17 Cowan Drive; 2000 Labonte Drive; 8705 Commerce Drive; Athens, GA (and 3 more) 30601 |
| Property type | Warehouse |
| Units, beds or keys | not yet reported |
| Net rentable square feet | not yet reported |
| Year built | not yet reported |
| Year last renovated | ["2015", "2016", "2016"] |
| Original balance | $31.9M |
| Current balance | $31.8M (February 2017) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 5.36% |
| Current interest rate | 5.36% |
| Origination date | 11-18-2016 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | not yet reported |
| Scheduled maturity | 2026-12-06 |
| 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 | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| Most recent reported | not yet reported | not yet reported | ["MAI", "MAI", "MAI", "MAI"] |
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| FedEx Ground | not yet reported | ["08-31-2023", "05-31-2020", "08-31-2023", "09-14-2020"] |
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 | $31.8M | Current | 5.36% | 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 | $31.8M | Current | 5.36% | 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.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.