Tenant exposure
Victoria's Secret in CMBS
The trusts' filings name Victoria's Secret among the three largest tenants at properties securing 7 public CMBS loans with $1.1B outstanding. It is the largest tenant at 2 of them. 1 of those loans (21.2% of the balance) is delinquent or with a special servicer.
Every loan
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 640 5th Avenue | New York, NY | Mixed use | $288.6M | 6.129% | Jul 2029 | 2.35x | 90% | Current |
| Saint Louis Galleria | Saint Louis, MO | Retail | $229.0M | 4.997% | Nov 2028 | n/a | n/a | With the special servicer |
| Baybrook Mall | Friendswood, TX | Retail | $205.7M | 6.816% | Aug 2029 | 1.65x | 91% | Current |
| Miracle Mile Shops | Las Vegas, NV | Retail | $156.3M | 6.991% | Jun 2028 | 1.51x | 88% | Current |
| Brandon Mall | Brandon, FL | Retail | $121.0M | 7.62% | Jun 2028 | 2.48x | 79% | Current |
| Galleria At Sunset | Henderson, NV | Retail | $47.6M | 8.46% | Mar 2029 | 2.05x | 100% | Current |
| 112-118 West 125th Street | New York, NY | Mixed use | $32.1M | 3.636% | Oct 2029 | 2.03x | 56% | Current |
Where Victoria's Secret is the largest tenant: lease end dates
| Property | Lease ends | Loan matures | Balance |
|---|---|---|---|
| 640 5th Avenue | Jan 2032 | Jul 2029 | $288.6M |
| 112-118 West 125th Street | Jun 2034 | Oct 2029 | $32.1M |
Red: the lease ends before the loan matures, the rollover a refinancing lender will look at hardest.
Filed names grouped here: VICTORIA'S SECRET; Victoria's Secret. From each trust's ABS-EE filing (largest, second and third largest tenant fields). Pro will alert you when any of these loans changes.