Wells Fargo Commercial Mortgage Trust 2017-C38 (segment D04, CIK 850779)
Current balance
$8.3M (October 2017)
Share of deal
1.2%
Status
Current
DSCR (latest)
not yet reported
Occupancy (latest)
not yet reported
Scheduled maturity
2022-07-11
Property and terms
Property
215 South Brea Boulevard
Address
215 South Brea Boulevard; Brea, CA 92821
Property type
Mixed use
Units, beds or keys
not yet reported
Net rentable square feet
37,130
Year built
1999
Year last renovated
not yet reported
Original balance
$14.0M
Current balance
$8.3M (October 2017)
Share of deal balance
1.2%
Interest rate at origination
4.24%
Current interest rate
4.70%
Origination date
05-08-2017
Original term
120 months
Amortization term
360 months
Interest-only period
not yet reported
Scheduled maturity
2022-07-11
Prepayment lockout end
06-05-2019
Yield maintenance end
12-05-2026
Servicer
Wells Fargo Bank, N.A.
Loan servicer
not yet reported
Originator
RMF
Current status
Current
Specially serviced now
No
Defeased
No
Valuation
Basis
Amount
Date
Source (as filed)
At securitization
$27.6M
03-20-2017
MAI
Largest tenants
Tenant
Square feet
Lease expiration
Farrell's
6,611
01-01-2022
T-Mobile
2,600
02-28-2018
Destination Maternity
2,519
01-31-2021
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
July 2017
$14.0M
Current
4.24%
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
August 2017
$14.0M
Current
4.80%
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
October 2017
$8.3M
Current
4.70%
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
2022-07-11
Scheduled maturity passed; the loan is still reported, with status Current in October 2017
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.