Tenant exposure
Skechers USA in CMBS
The trusts' filings name Skechers USA among the three largest tenants at properties securing 6 public CMBS loans with $116.9M outstanding. It is the largest tenant at 1 of them. 1 of those loans (35.9% of the balance) is delinquent or with a special servicer.
Every loan
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Queens Place | Elmhurst, NY | Retail | $42.0M | 4.519% | May 2028 | -0.37x | 53% | With the special servicer and 90+ days delinquent |
| Briarcliff Commons | Morris Plains, NJ | Retail | $30.0M | 5.47% | Oct 2034 | 2.77x | 100% | Current |
| Plaza Paseo Del Norte | Albuquerque, NM | Retail | $16.8M | 4.947% | Nov 2030 | n/a | n/a | Current |
| River Valley Shopping Center | McAllen, TX | Retail | $14.7M | 4.10% | Aug 2029 | 2.77x | 98% | Current |
| Oaktree Plaza - Denton | Denton, TX | Retail | $9.3M | 3.875% | Feb 2030 | 1.38x | 94% | Current |
| Battlefield Square Shoppes | Springfield, MO | Retail | $4.3M | 5.05% | Aug 2027 | 1.96x | 100% | Current |
Where Skechers USA is the largest tenant: lease end dates
| Property | Lease ends | Loan matures | Balance |
|---|---|---|---|
| Battlefield Square Shoppes | Nov 2032 | Aug 2027 | $4.3M |
Red: the lease ends before the loan matures, the rollover a refinancing lender will look at hardest.
Filed names grouped here: SKECHERS; Skechers; Skechers USA Inc; Skechers USA Inc. From each trust's ABS-EE filing (largest, second and third largest tenant fields). Pro will alert you when any of these loans changes.