← Morgan Stanley Bank of America Merrill Lynch Trust 2017-C33 · Loan annex · CMBS market
- Deal
- Morgan Stanley Bank of America Merrill Lynch Trust 2017-C33
- Current balance
- $33.2M (September 2026)
- Share of deal
- 6.4%
- Status
- Matured balloon, non-performing
- DSCR (latest)
- 1.67
- Occupancy (latest)
- 89%
- Scheduled maturity
- 2027-02-06
Property and terms
| Property | KEY CENTER CLEVELAND |
| Address | 127 PUBLIC SQUARE; Cleveland, OH 44114 |
| Property type | Mixed use |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 1,369,980 |
| Year built | 1991 |
| Year last renovated | 2015 |
| Original balance | $40.0M |
| Current balance | $33.2M (September 2026) |
| Share of deal balance | 6.4% |
| Interest rate at origination | 5.31% |
| Current interest rate | 5.31% |
| Origination date | 01-31-2017 |
| Original term | 120 months |
| Amortization term | 300 months |
| Interest-only period | 24 months |
| Scheduled maturity | 2027-02-06 |
| Prepayment lockout end | 11-05-2026 |
| Yield maintenance end | not yet reported |
| Servicer | Trimont LLC |
| Loan servicer | not yet reported |
| Originator | BANA |
| Current status | Matured balloon, non-performing |
| Specially serviced now | Yes |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $362.0M | 12-01-2017 | MAI |
| Most recent reported | $362.0M | 2017-12-01 | not yet reported |
Change from securitization to the most recent reported valuation: 0.0%.
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| KEYBANK NATIONAL ASSOCIATION | 365,574 | 06-30-2030 |
| BENESCH FRIEDL | 164,828 | 07-31-2036 |
| Squire Patton Boggs (US) LLP | 148,345 | 12-31-2034 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| May 2017 | $40.0M | Current | 5.31% | 1.20 | 1.20 | 93% | $0 | 12-31-2016 | $59.2M | $40.2M | $19.1M | $19.1M |
| June 2017 | $40.0M | Current | 5.31% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2017 | $40.0M | Current | 5.31% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2017 | $40.0M | Current | 5.31% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| September 2017 | $40.0M | Current | 5.31% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| November 2017 | $40.0M | Current | 5.31% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| December 2017 | $40.0M | Current | 5.31% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| January 2018 | $40.0M | Current | 5.31% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| February 2018 | $40.0M | Matured balloon, non-performing | 5.31% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| March 2018 | $40.0M | Matured balloon, non-performing | 5.31% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| April 2018 | $40.0M | Matured balloon, non-performing | 5.31% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| May 2018 | $40.0M | Current | 5.31% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2018 | $40.0M | Current | 5.31% | 1.38 | 1.65 | 81% | $0 | 03-31-2018 | $13.8M | $9.6M | $4.2M | $3.5M |
| July 2018 | $40.0M | Current | 5.31% | 1.38 | 1.65 | 81% | $0 | 03-31-2018 | $13.8M | $9.6M | $4.2M | $3.5M |
| August 2018 | $40.0M | Current | 5.31% | 1.38 | 1.65 | 81% | $0 | 03-31-2018 | $13.8M | $9.6M | $4.2M | $3.5M |
| September 2018 | $40.0M | Current | 5.31% | 1.19 | 1.43 | 81% | $0 | 03-31-2018 | $13.8M | $9.6M | $4.2M | $3.5M |
| October 2018 | $40.0M | Current | 5.31% | 1.80 | 2.04 | 92% | $0 | 06-30-2018 | $30.9M | $18.9M | $12.0M | $10.6M |
| November 2018 | $40.0M | Current | 5.31% | 1.80 | 2.04 | 92% | $0 | 06-30-2018 | $30.9M | $18.9M | $12.0M | $10.6M |
| December 2018 | $40.0M | Current | 5.31% | 1.80 | 2.04 | 92% | $0 | 06-30-2018 | $30.9M | $18.9M | $12.0M | $10.6M |
| January 2019 | $40.0M | Current | 5.31% | 2.03 | 2.27 | 93% | $0 | 09-30-2018 | $49.7M | $29.5M | $20.2M | $18.1M |
| February 2019 | $40.0M | Current | 5.31% | 2.03 | 2.27 | 93% | $0 | 09-30-2018 | $49.7M | $29.5M | $20.2M | $18.1M |
| March 2019 | $39.9M | Current | 5.31% | 2.03 | 2.27 | 93% | $0 | 09-30-2018 | $49.7M | $29.5M | $20.2M | $18.1M |
| April 2019 | $39.9M | Current | 5.31% | 2.05 | 2.28 | 91% | $0 | 12-31-2018 | $66.9M | $39.9M | $27.0M | $24.3M |
| May 2019 | $39.8M | Current | 5.31% | 2.05 | 2.28 | 91% | $0 | 12-31-2018 | $66.9M | $39.9M | $27.0M | $24.3M |
| June 2019 | $39.7M | Current | 5.31% | 2.05 | 2.28 | 91% | $0 | 12-31-2018 | $66.9M | $39.9M | $27.0M | $24.3M |
| July 2019 | $39.7M | Current | 5.31% | 2.05 | 2.28 | 91% | $0 | 12-31-2018 | $66.9M | $39.9M | $27.0M | $24.3M |
| August 2019 | $39.6M | Current | 5.31% | 2.05 | 2.28 | 91% | $0 | 12-31-2018 | $66.9M | $39.9M | $27.0M | $24.3M |
| September 2019 | $39.6M | Current | 5.31% | 2.05 | 2.28 | 91% | $0 | 12-31-2018 | $66.9M | $39.9M | $27.0M | $24.3M |
| October 2019 | $39.5M | Current | 5.31% | 2.05 | 2.28 | 91% | $0 | 12-31-2018 | $66.9M | $39.9M | $27.0M | $24.3M |
| November 2019 | $39.4M | Current | 5.31% | 2.05 | 2.28 | 91% | $0 | 12-31-2018 | $66.9M | $39.9M | $27.0M | $24.3M |
| December 2019 | $39.4M | Current | 5.31% | 2.05 | 2.28 | 91% | $0 | 12-31-2018 | $66.9M | $39.9M | $27.0M | $24.3M |
| January 2020 | $39.3M | Current | 5.31% | 2.05 | 2.28 | 91% | $0 | 12-31-2018 | $66.9M | $39.9M | $27.0M | $24.3M |
| February 2020 | $39.2M | Current | 5.31% | 1.93 | 2.11 | 92% | $0 | 09-30-2019 | $54.2M | $30.3M | $23.8M | $21.8M |
| March 2020 | $39.2M | Matured balloon, non-performing | 5.31% | 1.93 | 2.11 | 92% | $240,722 | 09-30-2019 | $54.2M | $30.3M | $23.8M | $21.8M |
| April 2020 | $39.1M | Current | 5.31% | 1.89 | 2.07 | 92% | $0 | 12-31-2019 | $72.2M | $40.6M | $31.7M | $28.9M |
| May 2020 | $39.0M | Current | 5.31% | 1.89 | 2.07 | 92% | $0 | 12-31-2019 | $72.2M | $40.6M | $31.7M | $28.9M |
| June 2020 | $39.0M | Current | 5.31% | 1.23 | 1.40 | 92% | $0 | 03-31-2020 | $15.3M | $9.7M | $5.6M | $4.9M |
| July 2020 | $38.9M | Current | 5.31% | 1.23 | 1.40 | 92% | $0 | 03-31-2020 | $15.3M | $9.7M | $5.6M | $4.9M |
| August 2020 | $38.8M | Current | 5.31% | 1.23 | 1.40 | 92% | $0 | 03-31-2020 | $15.3M | $9.7M | $5.6M | $4.9M |
| September 2020 | $38.8M | Current | 5.31% | 1.23 | 1.40 | 92% | $0 | 03-31-2020 | $15.3M | $9.7M | $5.6M | $4.9M |
| October 2020 | $38.7M | Current | 5.31% | 1.12 | 1.29 | 89% | $0 | 06-30-2020 | $25.7M | $15.5M | $10.3M | $8.9M |
| November 2020 | $38.6M | Current | 5.31% | 1.12 | 1.29 | 89% | $0 | 06-30-2020 | $25.7M | $15.5M | $10.3M | $8.9M |
| December 2020 | $38.6M | Current | 5.31% | 1.12 | 1.29 | 89% | $0 | 06-30-2020 | $25.7M | $15.5M | $10.3M | $8.9M |
| January 2021 | $38.6M | Matured balloon, non-performing | 5.31% | 1.12 | 1.29 | 89% | $240,702 | 06-30-2020 | $25.7M | $15.5M | $10.3M | $8.9M |
| February 2021 | $38.4M | Current | 5.31% | 1.12 | 1.29 | 89% | $0 | 06-30-2020 | $25.7M | $15.5M | $10.3M | $8.9M |
| March 2021 | $38.4M | Current | 5.31% | 1.12 | 1.29 | 89% | $0 | 06-30-2020 | $25.7M | $15.5M | $10.3M | $8.9M |
| April 2021 | $38.4M | Matured balloon, non-performing | 5.31% | 1.12 | 1.29 | 89% | $240,704 | 06-30-2020 | $25.7M | $15.5M | $10.3M | $8.9M |
| May 2021 | $38.2M | Current | 5.31% | 1.32 | 1.32 | not yet reported | $0 | 12-31-2020 | $49.1M | $28.0M | $21.0M | $21.0M |
| June 2021 | $38.2M | Current | 5.31% | 1.32 | 1.32 | not yet reported | $0 | 12-31-2020 | $49.1M | $28.0M | $21.0M | $21.0M |
| July 2021 | $38.1M | Current | 5.31% | 1.32 | 1.32 | not yet reported | $0 | 12-31-2020 | $49.1M | $28.0M | $21.0M | $21.0M |
| August 2021 | $38.0M | Current | 5.31% | 1.32 | 1.32 | not yet reported | $0 | 12-31-2020 | $49.1M | $28.0M | $21.0M | $21.0M |
| September 2021 | $38.0M | Current | 5.31% | 1.32 | 1.32 | not yet reported | $0 | 12-31-2020 | $49.1M | $28.0M | $21.0M | $21.0M |
| October 2021 | $37.9M | Current | 5.31% | 1.32 | 1.32 | not yet reported | $0 | 12-31-2020 | $49.1M | $28.0M | $21.0M | $21.0M |
| November 2021 | $37.8M | Current | 5.31% | 1.32 | 1.32 | not yet reported | $0 | 12-31-2020 | $49.1M | $28.0M | $21.0M | $21.0M |
| December 2021 | $37.7M | Current | 5.31% | 1.32 | 1.32 | not yet reported | $0 | 12-31-2020 | $49.1M | $28.0M | $21.0M | $21.0M |
| January 2022 | $37.7M | Current | 5.31% | 1.32 | 1.32 | not yet reported | $0 | 12-31-2020 | $49.1M | $28.0M | $21.0M | $21.0M |
| February 2022 | $37.6M | Current | 5.31% | 1.48 | 1.66 | 89% | $0 | 09-30-2021 | $45.2M | $25.4M | $19.8M | $17.7M |
| March 2022 | $37.5M | Current | 5.31% | 1.48 | 1.66 | 89% | $0 | 09-30-2021 | $45.2M | $25.4M | $19.8M | $17.7M |
| April 2022 | $37.4M | Current | 5.31% | 1.48 | 1.66 | 89% | $0 | 09-30-2021 | $45.2M | $25.4M | $19.8M | $17.7M |
| May 2022 | $37.4M | Matured balloon, non-performing | 5.31% | 1.63 | 1.82 | 90% | $240,727 | 12-31-2021 | $60.9M | $34.6M | $26.3M | $23.5M |
| June 2022 | $37.3M | Current | 5.31% | 1.63 | 1.82 | 90% | $0 | 12-31-2021 | $60.9M | $34.6M | $26.3M | $23.5M |
| July 2022 | $37.2M | Current | 5.31% | 1.63 | 1.82 | 90% | $0 | 12-31-2021 | $60.9M | $34.6M | $26.3M | $23.5M |
| August 2022 | $37.2M | Current | 5.31% | 1.59 | 1.78 | 100% | $0 | 03-31-2022 | $16.1M | $9.7M | $6.4M | $5.7M |
| September 2022 | $37.1M | Current | 5.31% | 1.59 | 1.78 | 100% | $0 | 03-31-2022 | $16.1M | $9.7M | $6.4M | $5.7M |
| October 2022 | $37.0M | Current | 5.31% | 1.59 | 1.78 | 100% | $0 | 03-31-2022 | $16.1M | $9.7M | $6.4M | $5.7M |
| November 2022 | $36.9M | Current | 5.31% | 1.35 | 1.52 | 86% | $0 | 06-30-2022 | $32.9M | $20.8M | $12.1M | $10.7M |
| December 2022 | $36.9M | Current | 5.31% | 1.69 | 1.87 | 81% | $0 | 09-30-2022 | $52.3M | $30.0M | $22.3M | $20.2M |
| January 2023 | $36.8M | Current | 5.31% | 1.69 | 1.87 | 81% | $0 | 09-30-2022 | $52.3M | $30.0M | $22.3M | $20.2M |
| February 2023 | $36.7M | Current | 5.31% | 1.69 | 1.87 | 81% | $0 | 09-30-2022 | $52.3M | $30.0M | $22.3M | $20.2M |
| March 2023 | $36.6M | Current | 5.31% | 1.69 | 1.87 | 81% | $0 | 09-30-2022 | $52.3M | $30.0M | $22.3M | $20.2M |
| April 2023 | $36.5M | Current | 5.31% | 1.69 | 1.87 | 81% | $0 | 09-30-2022 | $52.3M | $30.0M | $22.3M | $20.2M |
| May 2023 | $36.5M | Current | 5.31% | 1.34 | 1.51 | 81% | $0 | 12-31-2022 | $68.6M | $44.5M | $24.1M | $21.3M |
| June 2023 | $36.4M | Current | 5.31% | 1.34 | 1.51 | 81% | $0 | 12-31-2022 | $68.6M | $44.5M | $24.1M | $21.3M |
| July 2023 | $36.3M | Current | 5.31% | 1.34 | 1.51 | 81% | $0 | 12-31-2022 | $68.6M | $44.5M | $24.1M | $21.3M |
| August 2023 | $36.2M | Current | 5.31% | 1.04 | 1.22 | 79% | $0 | 03-31-2023 | $15.9M | $11.0M | $4.8M | $4.1M |
| September 2023 | $36.2M | Current | 5.31% | 1.04 | 1.22 | 79% | $0 | 03-31-2023 | $15.9M | $11.0M | $4.8M | $4.1M |
| October 2023 | $36.1M | Current | 5.31% | 1.04 | 1.22 | 79% | $0 | 03-31-2023 | $15.9M | $11.0M | $4.8M | $4.1M |
| November 2023 | $36.0M | Current | 5.31% | 1.25 | 1.43 | 79% | $0 | 06-30-2023 | $33.4M | $22.0M | $11.4M | $10.0M |
| December 2023 | $35.9M | Current | 5.31% | 1.25 | 1.43 | 79% | $0 | 06-30-2023 | $33.4M | $22.0M | $11.4M | $10.0M |
| January 2024 | $35.8M | Current | 5.31% | 1.25 | 1.43 | 79% | $0 | 06-30-2023 | $33.4M | $22.0M | $11.4M | $10.0M |
| February 2024 | $35.8M | Current | 5.31% | 1.41 | 1.59 | 86% | $0 | 09-30-2023 | $52.9M | $33.9M | $18.9M | $16.9M |
| March 2024 | $35.7M | Current | 5.31% | 1.41 | 1.59 | 86% | $0 | 09-30-2023 | $52.9M | $33.9M | $18.9M | $16.9M |
| April 2024 | $35.6M | Current | 5.31% | 1.41 | 1.59 | 86% | $0 | 09-30-2023 | $52.9M | $33.9M | $18.9M | $16.9M |
| May 2024 | $35.5M | Current | 5.31% | 1.33 | 1.50 | 88% | $0 | 12-31-2023 | $70.9M | $47.0M | $23.9M | $21.2M |
| June 2024 | $35.4M | Current | 5.31% | 1.33 | 1.50 | 88% | $0 | 12-31-2023 | $70.9M | $47.0M | $23.9M | $21.2M |
| July 2024 | $35.4M | Current | 5.31% | 1.33 | 1.50 | 88% | $0 | 12-31-2023 | $70.9M | $47.0M | $23.9M | $21.2M |
| August 2024 | $35.3M | Current | 5.31% | 1.33 | 1.50 | 88% | $0 | 12-31-2023 | $70.9M | $47.0M | $23.9M | $21.2M |
| September 2024 | $35.2M | Current | 5.31% | 1.33 | 1.50 | 88% | $0 | 12-31-2023 | $70.9M | $47.0M | $23.9M | $21.2M |
| October 2024 | $35.1M | Current | 5.31% | 1.33 | 1.50 | 88% | $0 | 12-31-2023 | $70.9M | $47.0M | $23.9M | $21.2M |
| November 2024 | $35.0M | Current | 5.31% | 1.33 | 1.50 | 88% | $0 | 12-31-2023 | $70.9M | $47.0M | $23.9M | $21.2M |
| December 2024 | $34.9M | Current | 5.31% | 1.33 | 1.50 | 88% | $0 | 12-31-2023 | $70.9M | $47.0M | $23.9M | $21.2M |
| January 2025 | $34.9M | Current | 5.31% | 1.56 | 1.73 | 91% | $0 | 09-30-2024 | $58.3M | $37.6M | $20.7M | $18.6M |
| February 2025 | $34.8M | Current | 5.31% | 1.56 | 1.73 | 91% | $0 | 09-30-2024 | $58.3M | $37.6M | $20.7M | $18.6M |
| March 2025 | $34.8M | Matured balloon, non-performing | 5.31% | 1.56 | 1.73 | 91% | $240,779 | 09-30-2024 | $58.3M | $37.6M | $20.7M | $18.6M |
| April 2025 | $34.6M | Current | 5.31% | 1.56 | 1.73 | 91% | $0 | 09-30-2024 | $58.3M | $37.6M | $20.7M | $18.6M |
| May 2025 | $34.5M | Current | 5.31% | 1.45 | 1.63 | 90% | $0 | 12-31-2024 | $77.4M | $51.5M | $25.9M | $23.1M |
| June 2025 | $34.4M | Current | 5.31% | 1.45 | 1.63 | 90% | $0 | 12-31-2024 | $77.4M | $51.5M | $25.9M | $23.1M |
| July 2025 | $34.3M | Current | 5.31% | 1.45 | 1.63 | 90% | $0 | 12-31-2024 | $77.4M | $51.5M | $25.9M | $23.1M |
| August 2025 | $34.3M | Matured balloon, non-performing | 5.31% | 1.34 | 1.52 | 90% | $240,747 | 03-31-2025 | $18.8M | $12.8M | $6.0M | $5.3M |
| September 2025 | $34.3M | Matured balloon, non-performing | 5.31% | 1.63 | 1.80 | 90% | $240,748 | 06-30-2025 | $39.7M | $25.4M | $14.3M | $12.9M |
| October 2025 | $34.2M | Matured balloon, non-performing | 5.31% | 1.63 | 1.80 | 90% | $240,761 | 06-30-2025 | $39.7M | $25.4M | $14.3M | $12.9M |
| November 2025 | $34.1M | Matured balloon, non-performing | 5.31% | 1.63 | 1.80 | 90% | $240,750 | 06-30-2025 | $39.7M | $25.4M | $14.3M | $12.9M |
| December 2025 | $34.0M | Matured balloon, non-performing | 5.31% | 1.63 | 1.80 | 90% | $240,763 | 06-30-2025 | $39.7M | $25.4M | $14.3M | $12.9M |
| January 2026 | $33.9M | Matured balloon, non-performing | 5.31% | 1.63 | 1.80 | 90% | $240,752 | 06-30-2025 | $39.7M | $25.4M | $14.3M | $12.9M |
| February 2026 | $33.8M | Matured balloon, non-performing | 5.31% | 1.63 | 1.80 | 90% | $240,753 | 09-30-2025 | $61.3M | $39.8M | $21.5M | $19.4M |
| March 2026 | $33.7M | Matured balloon, non-performing | 5.31% | 1.65 | 1.83 | 91% | $240,789 | 12-31-2025 | $81.5M | $52.4M | $29.1M | $26.3M |
| April 2026 | $33.6M | Matured balloon, non-performing | 5.31% | 1.65 | 1.83 | 91% | $240,755 | 12-31-2025 | $81.5M | $52.4M | $29.1M | $26.3M |
| May 2026 | $33.5M | Matured balloon, non-performing | 5.31% | 1.65 | 1.83 | 91% | $240,768 | 12-31-2025 | $81.5M | $52.4M | $29.1M | $26.3M |
| June 2026 | $33.4M | Current | 5.31% | 1.44 | 1.61 | 90% | $2,688 | 03-31-2026 | $19.1M | $12.7M | $6.4M | $5.7M |
| July 2026 | $33.4M | Matured balloon, non-performing | 5.31% | 1.44 | 1.61 | 90% | $2,688 | 03-31-2026 | $19.1M | $12.7M | $6.4M | $5.7M |
| August 2026 | $33.3M | Matured balloon, non-performing | 5.31% | 1.44 | 1.61 | 90% | $243,447 | 03-31-2026 | $19.1M | $12.7M | $6.4M | $5.7M |
| September 2026 | $33.2M | Matured balloon, non-performing | 5.31% | 1.67 | 1.84 | 89% | $243,448 | 06-30-2026 | $41.8M | $27.1M | $14.7M | $13.3M |
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 |
|---|---|
| 2020-10-27 | Transferred to the special servicer |
| 2021-10-13 | Loan modified (maturity after modification 2027-02-06) |
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: Bank 2017-BNK4 (segment D02, CIK 1698685); Citigroup Commercial Mortgage Trust 2017-P7; JPMDB Commercial Mortgage Securities Trust 2017-C5.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.