← 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
- $40.0M (February 2021)
- Share of deal
- 5.7%
- Status
- 90+ days delinquent
- DSCR (latest)
- 0.61
- Occupancy (latest)
- 96%
- Scheduled maturity
- 2028-04-01
Property and terms
| Property | ATLANTIC TIMES SQUARE |
| Address | 500 NORTH ATLANTIC BOULEVARD; Monterey Park, CA 91754 |
| Property type | Mixed use |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 379,376 |
| Year built | 2010 |
| Year last renovated | not yet reported |
| Original balance | $40.0M |
| Current balance | $40.0M (February 2021) |
| Share of deal balance | 5.7% |
| Interest rate at origination | 4.84% |
| Current interest rate | 4.84% |
| Origination date | 03-20-2018 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2028-04-01 |
| Prepayment lockout end | 12-31-2027 |
| Yield maintenance end | not yet reported |
| Servicer | Wells Fargo Bank, NA |
| Loan servicer | not yet reported |
| Originator | JPMorgan Chase Bank, National Association |
| Current status | 90+ days delinquent |
| Specially serviced now | Yes |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $163.8M | 02-01-2018 | MAI |
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| AMC THEATER | 75,000 | 08-31-2030 |
| 24 HOUR FITNESS | 30,842 | 08-31-2025 |
| ATLANTIC SEAFOOD AND DIM SUM RESTAURANT | 12,000 | 03-20-2022 |
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 | $40.0M | 90+ days delinquent | 4.84% | 0.61 | 0.69 | 96% | $822,800 | 09-30-2020 | $5.8M | $3.4M | $2.5M | $2.2M |
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 |
|---|---|
| 2020-11-17 | Transferred to the special servicer |
| February 2021 | First reported 30 or more days delinquent |
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: Benchmark 2018-B4 Mortgage Trust; CD 2018-CD7 Mortgage Trust (segment D02, CIK 1746406); COMM 2018-COR3 Mortgage Trust; JPMDB Commercial Mortgage Securities Trust 2018-C8 (segment D01, CIK 1735646).
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.