Tenant exposure
Old Navy in CMBS
The trusts' filings name Old Navy among the three largest tenants at properties securing 10 public CMBS loans with $491.5M outstanding. It is the largest tenant at 2 of them. None of those loans is delinquent or with a special servicer.
Every loan
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Twin Cities Premium Outlets | Eagan, MN | Retail | $95.0M | 6.696% | Nov 2034 | 2.28x | 84% | Current |
| Birch Run Premium Outlets | Birch Run, MI | Retail | $90.0M | 6.46% | Feb 2036 | n/a | n/a | Current |
| 497-505 Fulton Street | Brooklyn, NY | Retail | $85.0M | 3.53% | Jul 2029 | 0.75x | 39% | Current |
| Nebraska Crossing | Gretna, NE | Retail | $68.6M | 5.21% | Nov 2028 | 2.04x | 95% | Current |
| The Hub, Hempstead | Hempstead, NY | Retail | $42.0M | 6.364% | Dec 2030 | n/a | n/a | Current |
| Manhattan Gateway Shopping Center | Manhattan Beach, CA | Retail | $31.5M | 6.927% | Aug 2030 | n/a | n/a | Current |
| Red Rock Commons | Saint George, UT | Retail | $28.1M | 6.20% | Oct 2035 | 1.55x | 97% | Current |
| Village at Knapp's Crossing | Grand Rapids, MI | Retail | $25.2M | 3.65% | Nov 2029 | 2.11x | 100% | Current |
| Pavilions at San Mateo | Albuquerque, NM | Retail | $20.4M | 6.86% | Oct 2031 | n/a | n/a | Current |
| Neilson Square | Enid, OK | Retail | $5.9M | 4.87% | Feb 2027 | n/a | n/a | Current |
Where Old Navy is the largest tenant: lease end dates
| Property | Lease ends | Loan matures | Balance |
|---|---|---|---|
| 497-505 Fulton Street | Jun 2026 | Jul 2029 | $85.0M |
| Manhattan Gateway Shopping Center | Sep 2029 | Aug 2030 | $31.5M |
Red: the lease ends before the loan matures, the rollover a refinancing lender will look at hardest.
Filed names grouped here: OLD NAVY; OLD NAVY, LLC; Old Navy. From each trust's ABS-EE filing (largest, second and third largest tenant fields). Pro will alert you when any of these loans changes.