← Morgan Stanley Capital I Trust 2020-L4 · Loan annex · CMBS market
- Deal
- Morgan Stanley Capital I Trust 2020-L4
- Current balance
- $3.4M (December 2022)
- Share of deal
- not yet reported
- Status
- Current
- DSCR (latest)
- not yet reported
- Occupancy (latest)
- not yet reported
- Scheduled maturity
- 2029-03-01
Property and terms
| Property | Loan 47 |
| Address | not yet reported |
| Property type | SE |
| Units, beds or keys | not yet reported |
| Net rentable square feet | not yet reported |
| Year built | 2005 |
| Year last renovated | not yet reported |
| Original balance | $5.3M |
| Current balance | $3.4M (December 2022) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 4.52% |
| Current interest rate | 5.35% |
| Origination date | 04-30-2019 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2029-03-01 |
| Prepayment lockout end | 12-31-2028 |
| Yield maintenance end | not yet reported |
| Servicer | Wells Fargo |
| Loan servicer | not yet reported |
| Originator | MSBNA |
| Current status | Current |
| Specially serviced now | No |
| Defeased | Yes |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $8.1M | 03-18-2019 | MAI |
| Most recent reported | $8.1M | 2019-03-18 | 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 | $5.3M | Current | 4.52% | 2.17 | 2.36 | 100% | $0 | 09-30-2020 | $777,491 | $208,209 | $569,282 | $523,332 |
| December 2022 | $3.4M | Current | 5.35% | 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 |
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 |
|---|---|
| 2022-12-12 | Defeasance recorded (first filing showing defeased status) |
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: CSAIL 2019-C16 Commercial Mortgage Trust.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.