← COMM 2019-GC44 Mortgage Trust · Loan annex · CMBS market
- Deal
- COMM 2019-GC44 Mortgage Trust
- Current balance
- $52.3M (May 2020)
- Share of deal
- not yet reported
- Status
- Current
- DSCR (latest)
- not yet reported
- Occupancy (latest)
- not yet reported
- Scheduled maturity
- not yet reported
Property and terms
| Property | Jefferson Trade Center |
| Address | 3600 Chamberlain Lane; Louisville, KY 40241 |
| Property type | Industrial |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 361,900 |
| Year built | 1981 |
| Year last renovated | not yet reported |
| Original balance | $13.2M |
| Current balance | $52.3M (May 2020) |
| Share of deal balance | not yet reported |
| Interest rate at origination | not yet reported |
| Current interest rate | 3.35% |
| Origination date | not yet reported |
| Original term | not yet reported |
| Amortization term | not yet reported |
| Interest-only period | not yet reported |
| Scheduled maturity | not yet reported |
| Prepayment lockout end | not yet reported |
| Yield maintenance end | not yet reported |
| Servicer | Bellwether Enterprise |
| 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 | $19.6M | 08-28-2019 | MAI |
| Most recent reported | $19.6M | 2019-08-28 | 98 |
Change from securitization to the most recent reported valuation: 0.0%.
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Hexagon Chemical | 18,700 | 06-30-2022 |
| DC Ventures | 17,000 | 03-31-2021 |
| Fastenal Company | 16,000 | 05-31-2023 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| November 2019 | 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 | not yet reported | not yet reported | not yet reported |
| January 2020 | $52.3M | Current | 3.35% | 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 |
| February 2020 | $52.3M | Current | 3.35% | 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 |
| March 2020 | $52.3M | Current | 3.35% | 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 |
| April 2020 | $52.3M | Current | 3.35% | 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 |
| May 2020 | $52.3M | Current | 3.35% | 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 |
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.