← CFCRE 2017-C8 Mortgage Trust · Loan annex · CMBS market
- Deal
- CFCRE 2017-C8 Mortgage Trust
- Current balance
- $42.8M (June 2017)
- Share of deal
- not yet reported
- Status
- Current
- DSCR (latest)
- 1.56
- Occupancy (latest)
- not yet reported
- Scheduled maturity
- 2027-03-06
Property and terms
| Property | Crossings at Hobart |
| Address | 1939-3101 East 80th Avenue; Merrillville, IN 46410 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 772,383 |
| Year built | 1988 |
| Year last renovated | 2016 |
| Original balance | $43.0M |
| Current balance | $42.8M (June 2017) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 4.84% |
| Current interest rate | 4.84% |
| Origination date | 03-03-2017 |
| Original term | 120 months |
| Amortization term | 330 months |
| Interest-only period | not yet reported |
| Scheduled maturity | 2027-03-06 |
| Prepayment lockout end | 06-05-2019 |
| Yield maintenance end | 11-05-2026 |
| Servicer | Wells Fargo |
| Loan servicer | not yet reported |
| Originator | RMF |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $91.8M | 04-24-2017 | MAI |
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Wal-Mart Real Estate Business Trust dba Walmart Supercenter | 206,408 | 03-31-2023 |
| Burlington Coat Factory of Indiana, LLC dba Burlington Coat Factory | 102,788 | 01-31-2021 |
| HobLob, Limited Partnership dba Hobby Lobby | 60,000 | 08-31-2019 |
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 | $42.8M | Current | 4.84% | 1.56 | 1.56 | not yet reported | $0 | 12-31-2016 | $9.4M | $3.5M | $5.9M | $5.9M |
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: Wells Fargo Commercial Mortgage Trust 2017-C38 (segment D01, CIK 1707817).
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.