← Citigroup Commercial Mortgage Trust 2016-P6 · Loan annex · CMBS market
- Deal
- Citigroup Commercial Mortgage Trust 2016-P6
- Current balance
- $28.8M (January 2017)
- Share of deal
- not yet reported
- Status
- Current
- DSCR (latest)
- 0.96
- Occupancy (latest)
- 88%
- Scheduled maturity
- 2021-07-06
Property and terms
| Property | Keystone Veva |
| Address | 1787 Sentry Park West Buildings 16 And 18; Blue Bell, PA 19422 |
| Property type | Office |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 192,979 |
| Year built | 1989 |
| Year last renovated | 2015 |
| Original balance | $29.0M |
| Current balance | $28.8M (January 2017) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 5.01% |
| Current interest rate | 5.01% |
| Origination date | 06-09-2016 |
| Original term | 60 months |
| Amortization term | 360 months |
| Interest-only period | not yet reported |
| Scheduled maturity | 2021-07-06 |
| 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) |
|---|---|---|---|
| At securitization | $41.2M | 05-10-2016 | not yet reported |
| Most recent reported | $41.2M | 2016-05-10 | not yet reported |
Change from securitization to the most recent reported valuation: 0.0%.
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| FIBERLINK COMMUNICATIONS | 43,707 | 05-31-2020 |
| USI INSURANCE SERVICES | 22,794 | 09-30-2023 |
| INVENTIVE HEALTH CLINICAL | 14,399 | 07-31-2019 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| January 2017 | $28.8M | Current | 5.01% | 0.96 | 1.08 | 88% | $0 | 10-31-2016 | $3.5M | $1.4M | $2.0M | $1.8M |
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.
Status timeline
| Date | Event |
|---|---|
| 2021-07-06 | Scheduled maturity passed; the loan is still reported, with status Current in January 2017 |
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.