← Morgan Stanley Capital I Trust 2020-L4 · Loan annex · CMBS market
- Deal
- Morgan Stanley Capital I Trust 2020-L4
- Current balance
- not yet reported
- Share of deal
- not yet reported
- Status
- not yet reported
- DSCR (latest)
- not yet reported
- Occupancy (latest)
- not yet reported
- Scheduled maturity
- 2029-02-06
Property and terms
| Property | 7390 Lincoln Way |
| Address | not yet reported |
| Property type | not yet reported |
| Units, beds or keys | not yet reported |
| Net rentable square feet | not yet reported |
| Year built | 1931 |
| Year last renovated | not yet reported |
| Original balance | $6.5M |
| Current balance | not yet reported |
| Share of deal balance | not yet reported |
| Interest rate at origination | 5.50% |
| Current interest rate | 0.00% |
| Origination date | 05-01-2019 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | not yet reported |
| Scheduled maturity | 2029-02-06 |
| Prepayment lockout end | 02-05-2029 |
| Yield maintenance end | not yet reported |
| Servicer | Midland |
| Loan servicer | not yet reported |
| Originator | AREF |
| Current status | not yet reported |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $10.5M | 03-26-2019 | MAI |
| Most recent reported | $10.5M | 2019-03-26 | MAI |
Change from securitization to the most recent reported valuation: 0.0%.
Monthly history
| Month | Balance | Status | Rate | DSCR (NCF) | DSCR (NOI) | Occupancy | Advances | Financial period end | Revenue | Expenses | NOI | NCF |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| January 2021 | $6.4M | 90+ days delinquent | 5.50% | 1.08 | 1.10 | 88% | $147,517 | 09-30-2020 | $591,900 | $102,643 | $489,257 | $479,357 |
| December 2022 | not yet reported | not yet reported | 0.00% | 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.
Status timeline
| Date | Event |
|---|---|
| 2020-10-27 | Transferred to the special servicer |
| January 2021 | First reported 30 or more days delinquent |
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.