Tenant exposure
Level 3 Communications in CMBS
The trusts' filings name Level 3 Communications among the three largest tenants at properties securing 7 public CMBS loans with $178.4M outstanding. It is the largest tenant at 2 of them. 1 of those loans (31.4% of the balance) is delinquent or with a special servicer.
Every loan
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Ralph Lauren HQ New Jersey | Nutley, NJ | Office | $57.0M | 3.13% | Mar 2030 | 3.22x | 57% | Current |
| 1000 Denny Way | Seattle, WA | Office | $56.0M | 5.107% | Feb 2027 | 1.69x | 57% | With the special servicer |
| 22330 Glenn Drive | Sterling, VA | Office | $26.3M | 8.139% | Jul 2028 | 1.34x | 100% | Current |
| One Market Center | Baltimore, MD | Office | $15.8M | 4.885% | Mar 2028 | n/a | n/a | Current |
| Park Plaza, Sacramento | Sacramento, CA | Office | $9.5M | 4.30% | Sep 2027 | 1.72x | 75% | Current |
| 1015 Locust Street | St. Louis, MO | Office | $8.5M | 5.396% | Sep 2028 | 1.78x | 61% | Current |
| 11 North Pearl Street | Albany, NY | Office | $5.2M | 5.30% | Apr 2028 | 1.86x | 42% | Current |
Where Level 3 Communications is the largest tenant: lease end dates
| Property | Lease ends | Loan matures | Balance |
|---|---|---|---|
| Park Plaza, Sacramento | May 2031 | Sep 2027 | $9.5M |
| 1000 Denny Way | Jul 2031 | Feb 2027 | $56.0M |
Red: the lease ends before the loan matures, the rollover a refinancing lender will look at hardest.
Filed names grouped here: LEVEL 3 COMMUNICATIONS LLC; LEVEL 3 COMMUNICATIONS, LLC; Level 3 Communications. From each trust's ABS-EE filing (largest, second and third largest tenant fields). Pro will alert you when any of these loans changes.