Tenant exposure
SAKS & COMPANY in CMBS
The trusts' filings name SAKS & COMPANY among the three largest tenants at properties securing 3 public CMBS loans with $230.0M outstanding. It is the largest tenant at 2 of them. 1 of those loans (26.1% of the balance) is delinquent or with a special servicer.
Every loan
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Saks Beverly Hills | Beverly Hills, CA | Retail | $90.0M | 7.663% | Jun 2029 | 1.73x | 100% | Current |
| Town Center Aventura | Aventura, FL | Retail | $80.0M | 4.89% | Jul 2028 | 1.71x | 90% | Current |
| Saks Fulfillment Center | Wilkes Barre, PA | Industrial | $60.0M | 6.17% | Aug 2032 | 1.79x | 100% | With the special servicer and 90+ days delinquent |
Where SAKS & COMPANY is the largest tenant: lease end dates
| Property | Lease ends | Loan matures | Balance |
|---|---|---|---|
| Saks Fulfillment Center | Aug 2047 | Aug 2032 | $60.0M |
| Saks Beverly Hills | Feb 2049 | Jun 2029 | $90.0M |
Red: the lease ends before the loan matures, the rollover a refinancing lender will look at hardest.
Filed names grouped here: SAKS & COMPANY; Saks & Company LLC. From each trust's ABS-EE filing (largest, second and third largest tenant fields). Pro will alert you when any of these loans changes.