← UBS Commercial Mortgage Trust 2018-C11 · Loan annex · CMBS market
- Deal
- UBS Commercial Mortgage Trust 2018-C11
- Current balance
- $6.4M (August 2022)
- Share of deal
- not yet reported
- Status
- Current
- DSCR (latest)
- 2.10
- Occupancy (latest)
- 100%
- Scheduled maturity
- 2025-07-06
Property and terms
| Property | 24 Hour Fitness - Mansfield |
| Address | 1101 North Walnut Creek Drive; Mansfield, TX 76063 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 42,600 |
| Year built | 1992 |
| Year last renovated | 2006 |
| Original balance | $6.4M |
| Current balance | $6.4M (August 2022) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 5.07% |
| Current interest rate | 5.07% |
| Origination date | 06-22-2018 |
| Original term | 84 months |
| Amortization term | not yet reported |
| Interest-only period | 84 months |
| Scheduled maturity | 2025-07-06 |
| Prepayment lockout end | 01-05-2025 |
| Yield maintenance end | not yet reported |
| Servicer | not yet reported |
| Loan servicer | not yet reported |
| Originator | UBS AG |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $12.4M | 04-11-2018 | MAI |
| Most recent reported | $12.3M | 2020-09-24 | MAI |
Change from securitization to the most recent reported valuation: -1.1%.
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| 24 Hour Fitness USA, Inc. | 42,600 | 05-31-2033 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| August 2022 | $6.4M | Current | 5.07% | 2.10 | 2.21 | 100% | $0 | 03-31-2022 | $229,048 | $46,487 | $182,561 | $173,806 |
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 |
|---|---|
| 2020-06-11 | Transferred to the special servicer |
| 2021-05-05 | Returned to the master servicer |
| 2025-07-06 | Scheduled maturity passed; the loan is still reported, with status Current in August 2022 |
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.