← UBS Commercial Mortgage Trust 2018-C14 (segment D10, CIK 1532799) · Loan annex · CMBS market
- Deal
- UBS Commercial Mortgage Trust 2018-C14 (segment D10, CIK 1532799)
- Current balance
- $22.5M (April 2019)
- Share of deal
- 3.3%
- Status
- not yet reported
- DSCR (latest)
- 1.85
- Occupancy (latest)
- 92%
- Scheduled maturity
- 2029-03-06
Property and terms
| Property | Golden Acres Shopping Center |
| Address | 686-698 Oak Tree Avenue; South Plainfield, NJ 07080 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 220,073 |
| Year built | not yet reported |
| Year last renovated | 2016 |
| Original balance | $20.0M |
| Current balance | $22.5M (April 2019) |
| Share of deal balance | 3.3% |
| Interest rate at origination | 5.45% |
| Current interest rate | 4.80% |
| Origination date | 10-15-2018 |
| Original term | 120 months |
| Amortization term | 360 months |
| Interest-only period | 24 months |
| Scheduled maturity | 2029-03-06 |
| Prepayment lockout end | 07-05-2028 |
| Yield maintenance end | not yet reported |
| Servicer | Midland Loan Services |
| Loan servicer | not yet reported |
| Originator | UBS AG |
| Current status | not yet reported |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $47.3M | not yet reported | not yet reported |
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| ShopRite | 76,340 | 10-31-2036 |
| Shoppers World | 43,528 | 02-28-2022 |
| Unique Thrift Stores | 31,179 | 12-31-2027 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| December 2018 | $20.0M | not yet reported | 5.45% | 1.37 | 1.37 | 83% | not yet reported | 07-31-2018 | $3.6M | $949,238 | $2.7M | $2.7M |
| April 2019 | $22.5M | not yet reported | 4.80% | 1.85 | 1.85 | 92% | not yet reported | 12-31-2018 | $3.6M | $1.6M | $2.0M | $2.0M |
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.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.