← 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
- $25.0M (October 2017)
- Share of deal
- 3.5%
- Status
- Current
- DSCR (latest)
- not yet reported
- Occupancy (latest)
- not yet reported
- Scheduled maturity
- 2027-06-01
Property and terms
| Property | Del Amo Fashion Center |
| Address | 3525 West Carson Street; Torrance, CA 90503 |
| Property type | Retail |
| Units, beds or keys | not yet reported |
| Net rentable square feet | 1,769,525 |
| Year built | not yet reported |
| Year last renovated | 2017 |
| Original balance | $40.6M |
| Current balance | $25.0M (October 2017) |
| Share of deal balance | 3.5% |
| Interest rate at origination | 3.79% |
| Current interest rate | 3.66% |
| Origination date | 03-30-2017 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2027-06-01 |
| Prepayment lockout end | 08-05-2019 |
| Yield maintenance end | 12-05-2026 |
| Servicer | KeyBank National Association |
| Loan servicer | not yet reported |
| Originator | Barclays/JPMCB/BANA |
| Current status | Current |
| Specially serviced now | No |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $346.2M | not yet reported | MAI |
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| J.C. Penney | 163,346 | 12-31-2018 |
| Nordstrom | 138,000 | 02-28-2031 |
| Dick's Sporting Goods | 83,210 | 04-30-2027 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| July 2017 | $40.6M | Current | 3.79% | 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 | $45.0M | Current | 4.32% | 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 | $25.0M | Current | 3.66% | 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.
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.