← CFCRE 2016-C7 Mortgage Trust · Loan annex · CMBS market
- Deal
- CFCRE 2016-C7 Mortgage Trust
- Current balance
- $36.0M (January 2019)
- Share of deal
- not yet reported
- Status
- Current
- 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 | 1970 |
| Year last renovated | 2006 |
| Original balance | $36.0M |
| Current balance | $36.0M (January 2019) |
| 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 | 120 months |
| Scheduled maturity | 2026-11-01 |
| Prepayment lockout end | not yet reported |
| Yield maintenance end | not yet reported |
| Servicer | Wells Fargo Bank, National |
| Loan servicer | not yet reported |
| Originator | Societe Generale |
| Current status | Current |
| 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 |
| March 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 |
| April 2017 | $36.0M | not yet reported | 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 |
| May 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 |
| June 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 |
| July 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 |
| August 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 |
| September 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 |
| October 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 |
| November 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 |
| December 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 2018 | $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 |
| March 2018 | $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 |
| April 2018 | $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 |
| May 2018 | $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 |
| June 2018 | $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 |
| July 2018 | $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 |
| August 2018 | $36.0M | not yet reported | 3.59% | 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 |
| September 2018 | $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 |
| October 2018 | $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 |
| November 2018 | $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 |
| December 2018 | $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 |
| January 2019 | $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 |
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.