← JPMDB Commercial Mortgage Securities Trust 2018-C8 (segment D02, CIK 1735646) · Loan annex · CMBS market
- Deal
- JPMDB Commercial Mortgage Securities Trust 2018-C8 (segment D02, CIK 1735646)
- Current balance
- $22.0M (June 2019)
- Share of deal
- 2.9%
- Status
- Matured balloon, non-performing
- DSCR (latest)
- not yet reported
- Occupancy (latest)
- not yet reported
- Scheduled maturity
- 2028-01-01
Property and terms
| Property | The Offices at Sam Houston |
| Address | 10203 Sam Houston Park Drive; Houston, TX 77064 |
| Property type | Office |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 108,498 |
| Year built | 2014 |
| Year last renovated | not yet reported |
| Original balance | $22.0M |
| Current balance | $22.0M (June 2019) |
| Share of deal balance | 2.9% |
| Interest rate at origination | 4.47% |
| Current interest rate | 4.47% |
| Origination date | 12-29-2017 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | 36 months |
| Scheduled maturity | 2028-01-01 |
| Prepayment lockout end | 10-31-2027 |
| Yield maintenance end | not yet reported |
| Servicer | Midland Loan Services |
| Loan servicer | not yet reported |
| Originator | CIBC Inc |
| Current status | Matured balloon, non-performing |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $34.5M | 11-20-2017 | MAI |
| Most recent reported | $34.5M | 2017-11-20 | MAI |
Change from securitization to the most recent reported valuation: 0.0%.
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Catepillar, Inc. | 96,491 | 02-28-2027 |
| IPSCO Tubulars, Inc. | 12,007 | 04-21-2023 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| June 2019 | $22.0M | Matured balloon, non-performing | 4.47% | not yet reported | not yet reported | not yet reported | $83,711 | 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.