← Norwest Asset Sec Corp Mort Ps Thr Cert Ser 1998-1 Trust · Loan annex · CMBS market
- Deal
- Norwest Asset Sec Corp Mort Ps Thr Cert Ser 1998-1 Trust
- Current balance
- $27.9M (September 2021)
- Share of deal
- 2.8%
- Status
- Current
- DSCR (latest)
- not yet reported
- Occupancy (latest)
- not yet reported
- Scheduled maturity
- 2027-11-01
Property and terms
| Property | Lehigh Valley Mall |
| Address | 250 Lehigh Valley Mall; Whitehall, PA 18052 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 545,233 |
| Year built | 1976 |
| Year last renovated | 2006 |
| Original balance | $30.0M |
| Current balance | $27.9M (September 2021) |
| Share of deal balance | 2.8% |
| Interest rate at origination | 4.06% |
| Current interest rate | 4.06% |
| Origination date | 10-13-2017 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | not yet reported |
| Scheduled maturity | 2027-11-01 |
| Prepayment lockout end | 04-30-2027 |
| Yield maintenance end | not yet reported |
| Servicer | Wells Fargo Bank |
| Loan servicer | not yet reported |
| Originator | JPMorgan Chase Bank, National Association/Column Financial, Inc./Cantor Commercial Real Estate Lending, L.P. |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $445.0M | 09-04-2017 | MAI |
| Most recent reported | $445.0M | 2017-09-04 | MAI |
Change from securitization to the most recent reported valuation: 0.0%.
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| MACY'S | 212,000 | 07-28-2022 |
| JC PENNEY | 207,292 | 10-05-2026 |
| BOB'S DISCOUNT FURNITURE | 30,204 | 02-29-2028 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| September 2021 | $27.9M | Current | 4.06% | 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.
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-B1 Mortgage Trust; BENCHMARK 2018-B2 Mortgage Trust; COMM 2018-COR3 Mortgage Trust; CSAIL 2017-CX10 Commercial Mortgage Trust (segment D01, CIK 1720474); CSAIL 2018-CX11 Commercial Mortgage Trust; J.P. Morgan Chase Commercial Mortgage Securities Trust 2012-C8; JPMDB Commercial Mortgage Securities Trust 2018-C8 (segment D01, CIK 1735646).
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.