← CFCRE 2017-C8 Mortgage Trust · Loan annex · CMBS market
- Deal
- CFCRE 2017-C8 Mortgage Trust
- Current balance
- $44.0M (June 2017)
- Share of deal
- not yet reported
- Status
- Current
- DSCR (latest)
- 1.77
- Occupancy (latest)
- not yet reported
- Scheduled maturity
- 2027-05-06
Property and terms
| Property | Pershing Square Building |
| Address | 448 South Hill Street; Los Angeles, CA 90013 |
| Property type | Mixed use |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 153,381 |
| Year built | 1924 |
| Year last renovated | 2017 |
| Original balance | $44.0M |
| Current balance | $44.0M (June 2017) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 4.64% |
| Current interest rate | 4.64% |
| Origination date | 05-01-2017 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2027-05-06 |
| Prepayment lockout end | 07-05-2019 |
| Yield maintenance end | 02-05-2027 |
| Servicer | Berkeley Point |
| Loan servicer | not yet reported |
| Originator | CCRE |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $75.0M | 03-23-2017 | MAI |
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Turner Broadcasting System | 21,631 | 03-31-2018 |
| Perch | 14,969 | 12-31-2031 |
| Hill Corner LLC (Mrs. Fish) | 10,415 | 12-31-2031 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| June 2017 | $44.0M | Current | 4.64% | 1.77 | 1.77 | not yet reported | $0 | 02-28-2017 | $5.1M | $1.4M | $3.7M | $3.7M |
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.