← JPMDB Commercial Mortgage Securities Trust 2018-C8 (segment D03, CIK 1735646) · Loan annex · CMBS market
- Deal
- JPMDB Commercial Mortgage Securities Trust 2018-C8 (segment D03, CIK 1735646)
- Current balance
- $56.0M (October 2024)
- Share of deal
- 5.8%
- Status
- Current
- DSCR (latest)
- 1.81
- Occupancy (latest)
- 74%
- Scheduled maturity
- 2028-11-06
Property and terms
| Property | Embassy Suites Anaheim |
| Address | 11767 South Harbor Boulevard; Garden Grove, CA 92840 |
| Property type | Lodging |
| Units, beds or keys | 375 |
| Net rentable square feet | 306,435 |
| Year built | 2001 |
| Year last renovated | 2017 |
| Original balance | $56.0M |
| Current balance | $56.0M (October 2024) |
| Share of deal balance | 5.8% |
| Interest rate at origination | 5.14% |
| Current interest rate | 5.14% |
| Origination date | 11-06-2018 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2028-11-06 |
| Prepayment lockout end | 11-05-2020 |
| Yield maintenance end | 07-05-2028 |
| Servicer | Midland Loan Services |
| Loan servicer | not yet reported |
| Originator | Deutsche Bank AG, acting through its New York Branch |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $109.1M | 10-11-2020 | MAI |
| Most recent reported | $87.0M | 2021-06-15 | MAI |
Change from securitization to the most recent reported valuation: -20.3%.
Monthly history
| Month | Balance | Status | Rate | DSCR (NCF) | DSCR (NOI) | Occupancy | Advances | Financial period end | Revenue | Expenses | NOI | NCF |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| October 2024 | $56.0M | Current | 5.14% | 1.81 | 2.18 | 74% | $0 | 03-31-2024 | $21.9M | $15.5M | $6.4M | $5.3M |
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 |
|---|---|
| 2020-06-16 | Transferred to the special servicer |
| 2022-05-10 | Loan modified (rate after modification 0.00%; maturity after modification 2028-11-06) |
| 2022-05-17 | Returned to the master servicer |
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-B8 Mortgage Trust.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.