GSMS 2014-GC24 Annex A | | | | | | | | |
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Control Number | | Loan / Property Flag | | Footnotes | | Mortgage Loan Seller | | Property Name | | Cash Management Triggers | | Ground Lease Y/N | | Ground Lease Expiration Date | | Annual Ground Lease Payment ($) | | Cut-off Date B Note Balance ($) | | B Note Interest Rate | | Cut-off Date Mezzanine Debt Balance ($) |
31 | | Loan | | 27, 28 | | CGMRC | | Old Spanish Trail Crossing | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x, (iii) the occurrence of a Specified Tenant Trigger Period | | No | | | | | | | | | | |
32 | | Loan | | | | SMF I | | Hurstbourne Business Park Portfolio | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.10x | | | | | | | | | | | | |
32.01 | | Property | | | | | | Hurstbourne Business Park | | | | No | | | | | | | | | | |
32.02 | | Property | | | | | | 9505 Williamsburg | | | | No | | | | | | | | | | |
33 | | Loan | | 15 | | CGMRC | | Tellus AL-TX Portfolio | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x | | | | | | | | | | | | |
33.01 | | Property | | 15 | | | | Daphne Self Storage | | | | No | | | | | | | | | | |
33.02 | | Property | | | | | | Arlington Park Self Storage | | | | No | | | | | | | | | | |
33.03 | | Property | | 15 | | | | Hawn Freeway Self Storage | | | | No | | | | | | | | | | |
34 | | Loan | | 15, 29 | | SMF I | | AmeriCenters 3 Portfolio | | (i) the occurrence of an Event of Default, (ii) DSCR with regard to any Individual Property is less than 1.25x | | | | | | | | | | | | |
34.01 | | Property | | | | | | AmeriCenter Bloomfield | | | | No | | | | | | | | | | |
34.02 | | Property | | | | | | AmeriCenter Southfield | | | | No | | | | | | | | | | |
34.03 | | Property | | 15 | | | | AmeriCenter Schaumburg | | | | No | | | | | | | | | | |
35 | | Loan | | 30 | | CGMRC | | 611 Church Street | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x | | No | | | | | | | | | | |
36 | | Loan | | 31 | | CGMRC | | 1300 Guadalupe | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.60x, (iii) the occurrence of a Specified Tenant Trigger Period | | No | | | | | | | | | | |
37 | | Loan | | 15 | | SMF I | | Holiday Inn Express Utica | | (i) the occurrence of an Event of Default, (ii) the expiration of the Franchise Agreement | | No | | | | | | | | | | |
38 | | Loan | | 15 | | CGMRC | | 12000 Edgewater | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x | | No | | | | | | | | | | |
39 | | Loan | | | | SMF I | | 19Twenty Apartments | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.10x | | No | | | | | | | | | | |
40 | | Loan | | | | CCRE | | Millpond Village Apartments | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x, (iii) Bankruptcy action of the Borrower, Guarantor or Manager | | No | | | | | | | | | | |
41 | | Loan | | 32 | | GSMC | | Phoenix Industrial | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x, (iii) failure to deliver financial statements as required in the Loan Agreement | | No | | | | | | | | | | |
42 | | Loan | | | | CGMRC | | Sher Lane | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x, (iii) the occurrence of a Specified Tenant Trigger Period | | No | | | | | | | | | | |
43 | | Loan | | 33 | | SMF I | | Van Ness Portfolio-Commanders Palace MHC | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x, (iii) the occurrence of a Park Owned Homes Trigger Event, (iv) the occurrence of a Camelot Sweep Event Period | | No | | | | | | | | | | |
44 | | Loan | | 33 | | SMF I | | Van Ness Portfolio-Camelot Village MHP & RV Park | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x, (iii) the occurrence of a Park Owned Homes Trigger Event, (iv) the occurrence of a Commanders Sweep Event Period | | No | | | | | | | | | | |
45 | | Loan | | | | SMF I | | Courtyard Gulf Shores | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x | | No | | | | | | | | | | |
46 | | Loan | | | | SMF I | | Central Business Park | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x, (iii) Bankruptcy action of IRB Tenant, (iv) Event of Default under the IRB Tenant lease, (v) Termination of the IRB Tenant lease, (vi) if the IRB Tenant fails to extend or renew its lease prior to the applicable due date, (vii) the date that is nine months prior to the expiration of the IRB Tenant lease, so long as a replacement lease with a minimum term of five years has not been executed | | No | | | | | | | | | | |
47 | | Loan | | | | GSMC | | Broadway Self Storage | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x, (iii) failure to deliver financial statements as required in the Loan Agreement | | No | | | | | | | | | | |
48 | | Loan | | | | GSMC | | Victoria Villa Apartments | | (i) the occurrence of an Event of Default, (ii) Net Operating Income is less than 85% of Closing Date NOI, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) the occurrence of an Environmental Remediation Trigger Period | | No | | | | | | | | | | |
49 | | Loan | | 15 | | CGMRC | | Pompano Merchandise Mart | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x, iii) the occurrence of a Specified Tenant Trigger Period | | No | | | | | | | | | | |
50 | | Loan | | 34 | | SMF I | | Hampton Inn Fort Worth | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.25x | | No | | | | | | | | | | |
51 | | Loan | | | | SMF I | | The Brittany Apartments | | NAP | | No | | | | | | | | | | |
52 | | Loan | | | | SMF I | | Northpark Calabasas | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x | | No | | | | | | | | | | |
53 | | Loan | | | | CCRE | | Shops at Silver Hill | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x, (iii) Bankruptcy action of the Borrower, Guarantor or Manager, (iv) the occurrence of a Tenant Cash Trap Period | | No | | | | | | | | | | |
54 | | Loan | | | | CGMRC | | Tops - Erie, PA | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20, (iii) the occurrence of a Specified Tenant Trigger Period | | No | | | | | | | | | | |
55 | | Loan | | 15, 35 | | CGMRC | | The Shoppes of North Port | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x (iii) the occurrence of a Specified Tenant Trigger Period | | No | | | | | | | | | | |
56 | | Loan | | | | SMF I | | Danville Village Power Center | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.10x, (iii) a Covington Foods Trigger Event, (iv) a Dunham’s Sports Trigger Event, (v) a Ross Trigger Event, (vi) an Anchor Tenant Trigger Event | | No | | | | | | | | | | |
57 | | Loan | | 15 | | GSMC | | Westwind Marketplace | | (i) the occurrence of an Event of Default, (ii) Net Operating Income is less than 80% of Closing Date NOI, (iii) failure to deliver financial statements as required in the Loan Agreement | | No | | | | | | | | | | |
58 | | Loan | | | | CCRE | | Westview Corner | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x, (iii) Bankruptcy action of the Borrower, Guarantor or Manager, (iv) the occurrence of a Tenant Cash Trap Period | | No | | | | | | | | | | |
59 | | Loan | | 15 | | CGMRC | | Holiday Inn Express - Kannapolis, NC | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x, (iii) the occurrence of a Franchise Agreement Trigger Period, (iv) the occurrence of a Franchise Renewal Trigger Event, (v) the occurrence of a Manager Bankruptcy Event, (vi) the occurrence of a Remaining Scheduled PIP Trigger Event | | No | | | | | | | | | | |
60 | | Loan | | | | SMF I | | 3100 Weslayan Office | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.10x, (iii) the occurrence of a Professional Design Group Trigger Event | | No | | | | | | | | | | |
61 | | Loan | | | | CCRE | | The Vantage Office Condominium | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x, (iii) Bankruptcy action of the Borrower, Guarantor or Manager, (iv) the occurrence of a Lease Sweep Period, (v) the occurrence of an Event of Default under the Condominium Documents | | No | | | | | | | | | | |
62 | | Loan | | | | SMF I | | Rite Aid Grand Blanc | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.10x, (iii) the occurrence of a Tenant Trigger Event | | No | | | | | | | | | | |
63 | | Loan | | | | GSMC | | Graham Town Center | | (i) the occurrence of an Event of Default, (ii) Net Operating Income is less than 85% of Closing Date NOI, (iii) the occurrence of a Graham Fitness Club Trigger Period, (iv) the occurrence of an Ace Trigger Period, (v) failure to deliver financial statements as required in the Loan Agreement | | No | | | | | | | | | | |
64 | | Loan | | | | CCRE | | Harrison Avenue Office | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x, (iii) Bankruptcy action of the Borrower, Guarantor or Manager, (iv) the occurrence of a 3-C Cash Trap Period | | No | | | | | | | | | | |
65 | | Loan | | | | GSMC | | Northwest Houston Retail Ground Lease | | (i) the occurrence of an Event of Default, (ii) Net Operating Income is less than 74% of Closing Date NOI, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) the occurrence of a Rollover Trigger Event | | No | | | | | | | | | | |
66 | | Loan | | | | CGMRC | | Tower Plaza | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x, (iii) the occurrence of a Specified Tenant Trigger Period | | No | | | | | | | | | | |
67 | | Loan | | 15, 36 | | CGMRC | | Bi-Lo - Winnsboro, SC | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x, (iii) the occurrence of a Specified Tenant Trigger Period | | No | | | | | | | | | | |
68 | | Loan | | | | CGMRC | | Fountain Square Shopping Center | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.25 | | No | | | | | | | | | | |
69 | | Loan | | | | CGMRC | | Oregon Trail Village Apartments | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x | | No | | | | | | | | | | |
70 | | Loan | | | | CGMRC | | Bond Street Office | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.25x for 3 consecutive months, (iii) anytime TILC is less than $90,000.00 | | No | | | | | | | | | | |
71 | | Loan | | 37 | | CGMRC | | EMU Student Housing Portfolio | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.30x | | No | | | | | | | | | | |
72 | | Loan | | | | CGMRC | | 359 South La Brea | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.10, (iii) the occurrence of a Specified Tenant Trigger Period | | No | | | | | | | | | | |
73 | | Loan | | | | CGMRC | | Homestead Self Storage | | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x | | No | | | | | | | | | | |
74 | | Loan | | | | GSMC | | Durango Courtyard | | (i) the occurrence of an Event of Default, (ii) Net Operating Income is less than 85% of Closing Date NOI, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) the occurrence of a Tenant Trigger Period | | No | | | | | | | | | | |
75 | | Loan | | | | CGMRC | | Davita Dialysis | | (i) the occurrence of an Event of Default | | No | | | | | | | | | | |