← J.P. Morgan Chase Commercial Mortgage Securities Trust 2012-C8 · Loan annex · CMBS market
- Deal
- J.P. Morgan Chase Commercial Mortgage Securities Trust 2012-C8
- Current balance
- $29.0M (February 2021)
- Share of deal
- 4.1%
- Status
- Current
- DSCR (latest)
- 1.54
- Occupancy (latest)
- 78%
- Scheduled maturity
- 2023-05-06
Property and terms
| Property | CONSTITUTION PLAZA |
| Address | 1, 10, 100, 248, 250 & 260 CONSTITUTION PLAZA; Hartford, CT 06103 |
| Property type | Office |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 659,315 |
| Year built | 1962 |
| Year last renovated | 2004 |
| Original balance | $30.0M |
| Current balance | $29.0M (February 2021) |
| Share of deal balance | 4.1% |
| Interest rate at origination | 5.99% |
| Current interest rate | 5.99% |
| Origination date | 04-18-2018 |
| Original term | 60 months |
| Amortization term | 357 months |
| Interest-only period | not yet reported |
| Scheduled maturity | 2023-05-06 |
| Prepayment lockout end | 02-05-2023 |
| Yield maintenance end | not yet reported |
| Servicer | Wells Fargo Bank, NA |
| Loan servicer | not yet reported |
| Originator | BSPRT Finance, LLC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $94.4M | 02-01-2018 | MAI |
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| XL America Inc | 126,183 | 12-31-2027 |
| Shipman & Goodwin LLP | 110,145 | 07-31-2026 |
| The University of Connecticut | 63,241 | 12-31-2027 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| February 2021 | $29.0M | Current | 5.99% | 1.54 | 1.76 | 78% | $0 | 09-30-2020 | $11.2M | $6.0M | $5.2M | $4.6M |
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 |
|---|---|
| 2023-05-06 | Scheduled maturity passed; the loan is still reported, with status Current in February 2021 |
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: JPMDB Commercial Mortgage Securities Trust 2018-C8 (segment D01, CIK 1735646); Wells Fargo Commercial Mortgage Trust 2018-C46.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.