Tenant exposure
The Gap in CMBS
The trusts' filings name The Gap among the three largest tenants at properties securing 5 public CMBS loans with $114.5M outstanding. It is the largest tenant at 3 of them. None of those loans is delinquent or with a special servicer.
Every loan
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Tices Corner | Woodcliff Lake, NJ | Retail | $50.0M | 6.42% | Dec 2032 | 1.58x | 96% | Current |
| Dolwick Business Center | Erlanger, KY | Office | $22.1M | 4.744% | May 2028 | 1.73x | 85% | Current |
| Promenade at West End Phase II | Lubbock, TX | Retail | $18.8M | 4.726% | Oct 2027 | 1.11x | 82% | Current |
| Central Plaza | Lubbock, TX | Retail | $15.2M | 4.50% | Apr 2032 | 1.96x | 95% | Current |
| Cordelia Road | Fairfield, CA | Industrial | $8.4M | 3.953% | Jun 2029 | 2.92x | 93% | Current |
Where The Gap is the largest tenant: lease end dates
| Property | Lease ends | Loan matures | Balance |
|---|---|---|---|
| Cordelia Road | Jan 2028 | Jun 2029 | $8.4M |
| Tices Corner | Dec 2028 | Dec 2032 | $50.0M |
| Central Plaza | Jan 2032 | Apr 2032 | $15.2M |
Red: the lease ends before the loan matures, the rollover a refinancing lender will look at hardest.
Filed names grouped here: GAP; The Gap 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.