← Wells Fargo Commercial Mortgage Trust 2017-C38 (segment D04, CIK 850779) · Loan annex · CMBS market
- Deal
- Wells Fargo Commercial Mortgage Trust 2017-C38 (segment D04, CIK 850779)
- Current balance
- $2.4M (July 2017)
- Share of deal
- not yet reported
- Status
- Current
- DSCR (latest)
- not yet reported
- Occupancy (latest)
- not yet reported
- Scheduled maturity
- 2022-06-11
Property and terms
| Property | 300 Northern Pacific Avenue |
| Address | 300 Northern Pacific Avenue North Unit C1; Fargo, ND 58102 |
| Property type | Office |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 34,517 |
| Year built | 1921 |
| Year last renovated | 2002 |
| Original balance | $2.4M |
| Current balance | $2.4M (July 2017) |
| Share of deal balance | not yet reported |
| Interest rate at origination | 4.95% |
| Current interest rate | 4.95% |
| Origination date | 05-31-2017 |
| Original term | 60 months |
| Amortization term | 360 months |
| Interest-only period | not yet reported |
| Scheduled maturity | 2022-06-11 |
| Prepayment lockout end | 03-10-2022 |
| Yield maintenance end | not yet reported |
| Servicer | Northmarq |
| Loan servicer | not yet reported |
| Originator | WFB |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $4.0M | 02-21-2017 | MAI |
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Rodenburg llp | 7,389 | 05-31-2020 |
| FDT of North Dakota, llc | 3,521 | 08-31-2019 |
| * 81dESIGNS, Inc. | 3,207 | 09-30-2020 |
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 | $2.4M | Current | 4.95% | 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 |
|---|---|
| 2022-06-11 | Scheduled maturity passed; the loan is still reported, with status Current in July 2017 |
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: Wells Fargo Commercial Mortgage Trust 2017-C38 (segment D01, CIK 1707817).
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.