← UBS Commercial Mortgage Trust 2018-C11 · Loan annex · CMBS market
- Deal
- UBS Commercial Mortgage Trust 2018-C11
- Current balance
- $4.2M (August 2022)
- Share of deal
- not yet reported
- Status
- 90+ days delinquent
- DSCR (latest)
- not yet reported
- Occupancy (latest)
- not yet reported
- Scheduled maturity
- 2025-07-06
Property and terms
| Property | 24 Hour Fitness - Cedar Hill Village |
| Address | 213 North US Highway 67; Cedar Hill, TX 75104 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 32,231 |
| Year built | 2002 |
| Year last renovated | not yet reported |
| Original balance | $4.2M |
| Current balance | $4.2M (August 2022) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 5.06% |
| Current interest rate | 5.06% |
| Origination date | 06-21-2018 |
| 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 | 90+ days delinquent |
| Specially serviced now | Yes |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $8.5M | 04-12-2018 | MAI |
| Most recent reported | $3.0M | 2021-10-01 | MAI |
Change from securitization to the most recent reported valuation: -64.7%.
Monthly history
| Month | Balance | Status | Rate | DSCR (NCF) | DSCR (NOI) | Occupancy | Advances | Financial period end | Revenue | Expenses | NOI | NCF |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| August 2022 | $4.2M | 90+ days delinquent | 5.06% | not yet reported | not yet reported | not yet reported | $312,321 | 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 |
|---|---|
| 2020-06-11 | Transferred to the special servicer |
| August 2022 | First reported 30 or more days delinquent |
| 2025-07-06 | Scheduled maturity passed; the loan is still reported, with status 90+ days delinquent in August 2022 |
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: UBS Commercial Mortgage Trust 2018-C12.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.