← CSAIL 2017-CX9 Commercial Mortgage Trust (segment D01, CIK 1716602) · Loan annex · CMBS market
- Deal
- CSAIL 2017-CX9 Commercial Mortgage Trust (segment D01, CIK 1716602)
- Current balance
- $19.6M (March 2022)
- Share of deal
- not yet reported
- Status
- 90+ days delinquent
- DSCR (latest)
- 0.00
- Occupancy (latest)
- 59%
- Scheduled maturity
- 2022-06-06
Property and terms
| Property | Sheraton Garden Grove |
| Address | 12221 Harbor Boulevard; Garden Grove, CA 92840 |
| Property type | Lodging |
| Units, beds or keys | 285 |
| Net rentable square feet | not yet reported |
| Year built | 2008 |
| Year last renovated | not yet reported |
| Original balance | $20.5M |
| Current balance | $19.6M (March 2022) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 5.18% |
| Current interest rate | 5.18% |
| Origination date | 05-31-2017 |
| Original term | 60 months |
| Amortization term | 360 months |
| Interest-only period | not yet reported |
| Scheduled maturity | 2022-06-06 |
| Prepayment lockout end | 10-05-2019 |
| Yield maintenance end | not yet reported |
| Servicer | KeyBank Real Estate Capital |
| Loan servicer | not yet reported |
| Originator | Column Financial, Inc. |
| Current status | 90+ days delinquent |
| Specially serviced now | Yes |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $37.4M | 05-08-2017 | MAI |
| Most recent reported | $25.7M | 2022-01-27 | MAI |
Change from securitization to the most recent reported valuation: -31.3%.
Monthly history
| Month | Balance | Status | Rate | DSCR (NCF) | DSCR (NOI) | Occupancy | Advances | Financial period end | Revenue | Expenses | NOI | NCF |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| September 2017 | $20.4M | Current | 5.18% | 1.64 | 1.92 | not yet reported | $0 | 03-31-2017 | $9.7M | $7.1M | $2.6M | $2.2M |
| November 2017 | $20.4M | not yet reported | 5.18% | 1.60 | 1.84 | 0% | $0 | 06-30-2017 | $9.8M | $7.3M | $2.5M | $2.2M |
| December 2017 | $20.4M | not yet reported | 5.18% | 1.41 | 1.70 | 0% | $0 | 09-30-2017 | $9.6M | $7.3M | $2.3M | $1.9M |
| January 2018 | $20.3M | not yet reported | 5.18% | 1.41 | 1.70 | 0% | $0 | 09-30-2017 | $9.6M | $7.3M | $2.3M | $1.9M |
| February 2018 | $20.3M | not yet reported | 5.18% | 1.41 | 1.70 | 0% | $0 | 09-30-2017 | $9.6M | $7.3M | $2.3M | $1.9M |
| March 2018 | $20.3M | not yet reported | 5.18% | 1.41 | 1.70 | 65% | $0 | 09-30-2017 | $9.6M | $7.3M | $2.3M | $1.9M |
| April 2018 | $20.3M | not yet reported | 5.18% | 0.00 | 0.00 | 65% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| May 2018 | $20.2M | not yet reported | 5.18% | 0.00 | 0.00 | 65% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| June 2018 | $20.2M | not yet reported | 5.18% | 0.00 | 0.00 | 65% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| July 2018 | $20.2M | not yet reported | 5.18% | 0.00 | 0.00 | 65% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| August 2018 | $20.2M | not yet reported | 5.18% | 0.00 | 0.00 | 65% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| September 2018 | $20.2M | not yet reported | 5.18% | 0.00 | 0.00 | 65% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| October 2018 | $20.1M | not yet reported | 5.18% | 1.29 | 1.55 | 65% | $0 | 06-30-2018 | $9.0M | $6.9M | $2.1M | $1.7M |
| November 2018 | $20.1M | not yet reported | 5.18% | 1.28 | 1.53 | 57% | $0 | 09-30-2018 | $8.6M | $6.5M | $2.1M | $1.7M |
| December 2018 | $20.1M | not yet reported | 5.18% | 1.28 | 1.53 | 57% | $0 | 09-30-2018 | $8.6M | $6.5M | $2.1M | $1.7M |
| February 2019 | $20.0M | not yet reported | 5.18% | 1.28 | 1.53 | 57% | $0 | 09-30-2018 | $8.6M | $6.5M | $2.1M | $1.7M |
| March 2019 | $20.0M | not yet reported | 5.18% | 1.28 | 1.53 | 57% | $0 | 09-30-2018 | $8.6M | $6.5M | $2.1M | $1.7M |
| April 2019 | $20.0M | not yet reported | 5.18% | 0.00 | 0.00 | 54% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| May 2019 | $20.0M | not yet reported | 5.18% | 0.00 | 0.00 | 54% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| June 2019 | $19.9M | not yet reported | 5.18% | 0.00 | 0.00 | 54% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| July 2019 | $19.9M | not yet reported | 5.18% | 0.00 | 0.00 | 54% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| August 2019 | $19.9M | not yet reported | 5.18% | 0.00 | 0.00 | 54% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| September 2019 | $19.9M | not yet reported | 5.18% | 0.00 | 0.00 | 54% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| October 2019 | $19.8M | not yet reported | 5.18% | 1.15 | 1.40 | 57% | $0 | 06-30-2019 | $8.4M | $6.5M | $1.9M | $1.5M |
| November 2019 | $19.8M | not yet reported | 5.18% | 1.15 | 1.40 | 57% | $0 | 06-30-2019 | $8.4M | $6.5M | $1.9M | $1.5M |
| December 2019 | $19.8M | not yet reported | 5.18% | 1.35 | 1.60 | 57% | $0 | 09-30-2019 | $8.4M | $6.3M | $2.2M | $1.8M |
| January 2020 | $19.8M | not yet reported | 5.18% | 1.35 | 1.60 | 57% | $0 | 09-30-2019 | $8.4M | $6.3M | $2.2M | $1.8M |
| February 2020 | $19.7M | not yet reported | 5.18% | 1.35 | 1.60 | 57% | $0 | 09-30-2019 | $8.4M | $6.3M | $2.2M | $1.8M |
| March 2020 | $19.7M | not yet reported | 5.18% | 1.35 | 1.60 | 57% | $0 | 09-30-2019 | $8.4M | $6.3M | $2.2M | $1.8M |
| April 2020 | $19.7M | not yet reported | 5.18% | 0.00 | 0.00 | 59% | $0 | not yet reported | $0 | $0 | $0 | $0 |
| May 2020 | $19.7M | Matured balloon, non-performing | 5.18% | 0.00 | 0.00 | 59% | $112,183 | not yet reported | $0 | $0 | $0 | $0 |
| June 2020 | $19.7M | Matured balloon, non-performing | 5.18% | 0.00 | 0.00 | 59% | $112,179 | not yet reported | $0 | $0 | $0 | $0 |
| July 2020 | $19.7M | 60-89 days delinquent | 5.18% | 0.00 | 0.00 | 59% | $336,546 | not yet reported | $0 | $0 | $0 | $0 |
| August 2020 | $19.7M | 90+ days delinquent | 5.18% | 0.00 | 0.00 | 59% | $448,726 | not yet reported | $0 | $0 | $0 | $0 |
| September 2020 | $19.6M | 90+ days delinquent | 5.18% | 0.00 | 0.00 | 59% | $448,722 | not yet reported | $0 | $0 | $0 | $0 |
| October 2020 | $19.6M | 90+ days delinquent | 5.18% | 0.00 | 0.00 | 59% | $560,955 | not yet reported | $0 | $0 | $0 | $0 |
| November 2020 | $19.6M | 90+ days delinquent | 5.18% | 0.00 | 0.00 | 59% | $673,136 | not yet reported | $0 | $0 | $0 | $0 |
| December 2020 | $19.6M | 90+ days delinquent | 5.18% | 0.00 | 0.00 | 59% | $785,320 | not yet reported | $0 | $0 | $0 | $0 |
| January 2021 | $19.6M | 90+ days delinquent | 5.18% | 0.00 | 0.00 | 59% | $897,501 | not yet reported | $0 | $0 | $0 | $0 |
| February 2021 | $19.6M | 90+ days delinquent | 5.18% | 0.00 | 0.00 | 59% | $1.0M | not yet reported | $0 | $0 | $0 | $0 |
| March 2021 | $19.6M | 90+ days delinquent | 5.18% | 0.00 | 0.00 | 59% | $1.1M | not yet reported | $0 | $0 | $0 | $0 |
| April 2021 | $19.6M | 90+ days delinquent | 5.18% | 0.00 | 0.00 | 59% | $1.2M | not yet reported | $0 | $0 | $0 | $0 |
| May 2021 | $19.6M | 90+ days delinquent | 5.18% | 0.00 | 0.00 | 59% | $1.3M | not yet reported | $0 | $0 | $0 | $0 |
| June 2021 | $19.6M | 90+ days delinquent | 5.18% | 0.00 | 0.00 | 59% | $1.5M | not yet reported | $0 | $0 | $0 | $0 |
| July 2021 | $19.6M | 90+ days delinquent | 5.18% | 0.00 | 0.00 | 59% | $1.6M | not yet reported | $0 | $0 | $0 | $0 |
| August 2021 | $19.6M | 90+ days delinquent | 5.18% | 0.00 | 0.00 | 59% | $1.7M | not yet reported | $0 | $0 | $0 | $0 |
| September 2021 | $19.6M | 90+ days delinquent | 5.18% | 0.00 | 0.00 | 59% | $1.8M | not yet reported | $0 | $0 | $0 | $0 |
| October 2021 | $19.6M | 90+ days delinquent | 5.18% | 0.00 | 0.00 | 59% | $1.9M | not yet reported | $0 | $0 | $0 | $0 |
| November 2021 | $19.6M | 90+ days delinquent | 5.18% | 0.00 | 0.00 | 59% | $2.0M | not yet reported | $0 | $0 | $0 | $0 |
| December 2021 | $19.6M | 90+ days delinquent | 5.18% | 0.00 | 0.00 | 59% | $2.1M | not yet reported | $0 | $0 | $0 | $0 |
| January 2022 | $19.6M | 90+ days delinquent | 5.18% | 0.00 | 0.00 | 59% | $2.2M | not yet reported | $0 | $0 | $0 | $0 |
| February 2022 | $19.6M | 90+ days delinquent | 5.18% | 0.00 | 0.00 | 59% | $2.4M | not yet reported | $0 | $0 | $0 | $0 |
| March 2022 | $19.6M | 90+ days delinquent | 5.18% | 0.00 | 0.00 | 59% | $2.5M | not yet reported | $0 | $0 | $0 | $0 |
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 |
|---|---|
| 2020-05-05 | Transferred to the special servicer |
| July 2020 | First reported 30 or more days delinquent |
| 2022-06-06 | Scheduled maturity passed; the loan is still reported, with status 90+ days delinquent in March 2022 |
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.