← 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
- $45.0M (June 2019)
- Share of deal
- 6.0%
- Status
- Current
- DSCR (latest)
- not yet reported
- Occupancy (latest)
- not yet reported
- Scheduled maturity
- 2028-02-06
Property and terms
| Property | City Square and Clay Street |
| Address | 500 12th St, 499, 501 & 525 14th St, & 1200 Clay St; Oakland, CA 94612 |
| Property type | Mixed use |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 246,136 |
| Year built | 1986 |
| Year last renovated | not yet reported |
| Original balance | $45.0M |
| Current balance | $45.0M (June 2019) |
| Share of deal balance | 6.0% |
| Interest rate at origination | 4.73% |
| Current interest rate | 4.73% |
| Origination date | 01-25-2018 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2028-02-06 |
| Prepayment lockout end | 12-05-2027 |
| Yield maintenance end | not yet reported |
| Servicer | Midland Loan Services |
| Loan servicer | not yet reported |
| Originator | Ladder Capital Finance LLC |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $181.0M | 12-20-2017 | MAI |
| Most recent reported | $181.0M | 2017-12-20 | MAI |
Change from securitization to the most recent reported valuation: 0.0%.
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Clubsource at City Center | 56,800 | 11-30-2020 |
| Chevron Federal Credit Union, a Federal Credit Union | 34,592 | 06-30-2022 |
| Kaiser Foundation Health Plan | 16,991 | 05-31-2028 |
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 | $45.0M | Current | 4.73% | 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.
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: UBS Commercial Mortgage Trust 2018-C8; UBS Commercial Mortgage Trust 2018-C9.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.