Control Number | Loan / Property Flag | Footnotes | Property Name | Originator | Mortgage Loan Seller | Related Group | Crossed Group | Address | City |
1 | Loan | 8 | Diamondback Industrial Portfolio 2 | DBNY | GACC | Group 1 | NAP | | |
1.01 | Property | | Nestle - Breinigsville | | | | | 555 Nestle Way | Breinigsville |
1.02 | Property | 9 | Amazon - Charleston | | | | | 225 Infinity Drive Northwest | Charleston |
1.03 | Property | | Home Depot - Winchester | | | | | 480 Park Center Drive | Winchester |
2 | Loan | 8, 10, 11 | 250 Livingston | CREFI | CREFI | NAP | NAP | 250 Livingston Street | Brooklyn |
3 | Loan | 8, 12, 13, 14, 15 | Waterfront Plaza | DBNY | GACC | NAP | NAP | 500 Ala Moana Boulevard | Honolulu |
4 | Loan | 8, 16, 17, 18 | 101 California Street | GSMC, JPMCB | GSMC | NAP | NAP | 101 California Street | San Francisco |
5 | Loan | 8, 19, 20, 21, 22, 23, 24 | Moffett Towers II Building V | GSBI, DBNY | GSMC | NAP | NAP | 1180 Discovery Way | Sunnyvale |
6 | Loan | 8, 25 | 59 Maiden Lane | CREFI | CREFI | NAP | NAP | 59 Maiden Lane | New York |
7 | Loan | 8, 26, 27, 28, 29, 30, 31 | Newport Corporate Center | DBNY, Wells | GACC | NAP | NAP | 3617, 3650 & 3655 131st Avenue Southeast, 3625 132nd Avenue Southeast & 12920 Southeast 38th Street | Bellevue |
8 | Loan | 8 | Western Digital R&D Campus | CREFI | CREFI | NAP | NAP | 44100 & 44250 Osgood Road | Fremont |
9 | Loan | 8, 32, 33 | ARC Apartments | CREFI, DBNY | CREFI | NAP | NAP | 30-02 39th Avenue | Long Island City |
10 | Loan | 8, 34, 35, 36 | Waterford Lakes Town Center | GSBI, BANA | GSMC | NAP | NAP | 413 North Alafaya Trail | Orlando |
11 | Loan | 37, 38 | 159 Canal Street | GSBI | GSMC | NAP | NAP | 159 Canal Street | New York |
12 | Loan | | Nitya Tower | GSBI | GSMC | NAP | NAP | 2211 Norfolk Street | Houston |
13 | Loan | 39 | MGBW Portfolio | DBNY | GACC | NAP | NAP | | |
13.01 | Property | | NCDC | | | | | 125 Lulu Lane | Statesville |
13.02 | Property | | Main Plant | | | | | 135 One Comfortable Place | Taylorsville |
13.03 | Property | | MGBW TOO | | | | | 375 Sharpe Lane | Hiddenite |
13.04 | Property | | OMF | | | | | 804 Old Landfill Road | Taylorsville |
14 | Loan | 8, 10 | Diamondback Industrial Portfolio 1 | DBNY | GACC | Group 1 | NAP | | |
14.01 | Property | | TJ Maxx - Philadelphia | | | | | 2760 Red Lion Road | Philadelphia |
14.02 | Property | | Amazon - West Columbia | | | | | 4400 12th Street Extension | West Columbia |
14.03 | Property | | FedEx Ground - Menomonee Falls | | | | | N96W14849 County Line Road | Menomonee Falls |
15 | Loan | 8, 40, 41, 42 | 57 East 11th Street | CREFI | CREFI | NAP | NAP | 57 East 11th Street | New York |
16 | Loan | 43 | Restoration Hardware Palm Beach | DBNY | GACC | NAP | NAP | 560 Okeechobee Boulevard | West Palm Beach |
17 | Loan | 44, 45 | Pecos North Industrial | GSBI | GSMC | NAP | NAP | 12250 & 12300 North Pecos Street | Westminster |
18 | Loan | | 60 Greene Street | CREFI | CREFI | NAP | NAP | 60 Greene Street | New York |
19 | Loan | | Plantation Point | GSBI | GSMC | NAP | NAP | 1241 38th Avenue North | Myrtle Beach |
20 | Loan | 46 | 700 Tech Court | GSBI | GSMC | NAP | NAP | 700 Tech Court | Louisville |
21 | Loan | 47 | Hampton Inn - Phoenix East Mesa | CREFI | CREFI | NAP | NAP | 1825 North Higley Road | Gilbert |
22 | Loan | | Onset Building | CREFI | CREFI | NAP | NAP | 274 West 12300 South | Draper |
23 | Loan | 48 | Fairfield Inn & Suites Rehoboth Beach | DBNY | GACC | NAP | NAP | 19113 Coastal Highway | Rehoboth Beach |
24 | Loan | 8, 49, 50 | Green Hills Corporate Center | CREFI | CREFI | NAP | NAP | 2675 Morgantown Road | Reading |
25 | Loan | | Shoppes of Schererville | CREFI | CREFI | NAP | NAP | 701-717 US Highway 41 | Schererville |
26 | Loan | | South Carolina Storage Portfolio | CREFI | CREFI | NAP | NAP | | |
26.01 | Property | | Summit Self Storage | | | | | 854 Edgefield Road | North Augusta |
26.02 | Property | | Riverchase Self Storage | | | | | 115 Riverchase Way | Lexington |
27 | Loan | | Wilderness Village Center | DBNY | GACC | NAP | NAP | 22117 Southeast 237th Street | Maple Valley |
28 | Loan | 51 | Hampton Inn - Pembroke Pines | CREFI | CREFI | NAP | NAP | 150 Northwest 150th Avenue | Pembroke Pines |
29 | Loan | | Copperstill Marketplace | GSBI | GSMC | NAP | NAP | 13330 Highway 1085 | Covington |
30 | Loan | | University Village | GSBI | GSMC | NAP | NAP | 3502 D'Avinci Way | Melbourne |
31 | Loan | 52 | 375-383 86th Street | CREFI | CREFI | Group 2 | NAP | 375-383 86th Street | Brooklyn |
32 | Loan | | Atlas Signs Portfolio | CREFI | CREFI | NAP | NAP | | |
32.01 | Property | | Atlas Signs Riviera Beach | | | | | 1077 West Blue Heron Boulevard | Riviera Beach |
32.02 | Property | | Atlas Signs Concord | | | | | 707 Commerce Drive | Concord |
33 | Loan | | 8-10 Main Street | CREFI | CREFI | Group 2 | NAP | 8-10 Main Street | Southampton |
34 | Loan | | WAG Willmar | CREFI | CREFI | NAP | NAP | 1301 1st Street South | Willmar |
35 | Loan | 53 | Railroad San Mateo | CREFI | CREFI | NAP | NAP | 360 South Railroad Avenue | San Mateo |
Control Number | Loan / Property Flag | Footnotes | Property Name | Original Balance ($) | Cut-off Date Balance ($) | Allocated Cut-off Date Loan Amount ($) | % of Initial Pool Balance | Balloon Balance ($) | Mortgage Loan Rate (%) | Administrative Cost Rate (%) (1) | Net Mortgage Loan Rate (%) | Monthly Debt Service ($) (2) |
1 | Loan | 8 | Diamondback Industrial Portfolio 2 | 78,000,000 | 78,000,000 | 78,000,000 | 8.5% | 78,000,000 | 3.56500% | 0.01561% | 3.54939% | 234,943.40 |
1.01 | Property | | Nestle - Breinigsville | | | 31,985,612 | | | | | | |
1.02 | Property | 9 | Amazon - Charleston | | | 26,935,252 | | | | | | |
1.03 | Property | | Home Depot - Winchester | | | 19,079,137 | | | | | | |
2 | Loan | 8, 10, 11 | 250 Livingston | 75,000,000 | 75,000,000 | 75,000,000 | 8.2% | 75,000,000 | 3.63000% | 0.01561% | 3.61439% | 230,026.04 |
3 | Loan | 8, 12, 13, 14, 15 | Waterfront Plaza | 75,000,000 | 74,862,673 | 74,862,673 | 8.2% | 54,875,077 | 4.41500% | 0.01561% | 4.39939% | 413,264.16 |
4 | Loan | 8, 16, 17, 18 | 101 California Street | 72,500,000 | 72,500,000 | 72,500,000 | 7.9% | 72,500,000 | 3.85000% | 0.01436% | 3.83564% | 235,834.78 |
5 | Loan | 8, 19, 20, 21, 22, 23, 24 | Moffett Towers II Building V | 62,500,000 | 62,500,000 | 62,500,000 | 6.8% | 62,500,000 | 4.025882353% | 0.01561% | 4.010272353% | 212,593.61 |
6 | Loan | 8, 25 | 59 Maiden Lane | 50,000,000 | 50,000,000 | 50,000,000 | 5.5% | 50,000,000 | 3.99000% | 0.01561% | 3.97439% | 168,559.03 |
7 | Loan | 8, 26, 27, 28, 29, 30, 31 | Newport Corporate Center | 50,000,000 | 50,000,000 | 50,000,000 | 5.5% | 50,000,000 | 3.54323171% | 0.01436% | 3.52887171% | 149,685.14 |
8 | Loan | 8 | Western Digital R&D Campus | 37,895,000 | 37,895,000 | 37,895,000 | 4.1% | 37,895,000 | 4.41000% | 0.01436% | 4.39564% | 141,198.35 |
9 | Loan | 8, 32, 33 | ARC Apartments | 35,000,000 | 35,000,000 | 35,000,000 | 3.8% | 35,000,000 | 4.13052% | 0.01561% | 4.11491% | 122,146.74 |
10 | Loan | 8, 34, 35, 36 | Waterford Lakes Town Center | 35,000,000 | 34,918,261 | 34,918,261 | 3.8% | 28,649,896 | 4.86000% | 0.01561% | 4.84439% | 184,904.35 |
11 | Loan | 37, 38 | 159 Canal Street | 33,000,000 | 33,000,000 | 33,000,000 | 3.6% | 33,000,000 | 4.21000% | 0.01561% | 4.19439% | 117,382.99 |
12 | Loan | | Nitya Tower | 32,000,000 | 32,000,000 | 32,000,000 | 3.5% | 27,512,810 | 4.75000% | 0.01561% | 4.73439% | 166,927.15 |
13 | Loan | 39 | MGBW Portfolio | 20,470,000 | 20,470,000 | 20,470,000 | 2.2% | 20,470,000 | 4.75000% | 0.03561% | 4.71439% | 82,152.46 |
13.01 | Property | | NCDC | | | 8,380,000 | | | | | | |
13.02 | Property | | Main Plant | | | 8,190,000 | | | | | | |
13.03 | Property | | MGBW TOO | | | 3,350,000 | | | | | | |
13.04 | Property | | OMF | | | 550,000 | | | | | | |
14 | Loan | 8, 10 | Diamondback Industrial Portfolio 1 | 20,000,000 | 20,000,000 | 20,000,000 | 2.2% | 20,000,000 | 3.56500% | 0.01561% | 3.54939% | 60,241.90 |
14.01 | Property | | TJ Maxx - Philadelphia | | | 10,211,132 | | | | | | |
14.02 | Property | | Amazon - West Columbia | | | 7,792,706 | | | | | | |
14.03 | Property | | FedEx Ground - Menomonee Falls | | | 1,996,161 | | | | | | |
15 | Loan | 8, 40, 41, 42 | 57 East 11th Street | 20,000,000 | 20,000,000 | 20,000,000 | 2.2% | 20,000,000 | 4.83000% | 0.01561% | 4.81439% | 81,618.06 |
16 | Loan | 43 | Restoration Hardware Palm Beach | 18,000,000 | 18,000,000 | 18,000,000 | 2.0% | 18,000,000 | 4.20000% | 0.01561% | 4.18439% | 63,875.00 |
17 | Loan | 44, 45 | Pecos North Industrial | 17,956,000 | 17,956,000 | 17,956,000 | 2.0% | 17,956,000 | 4.62000% | 0.01561% | 4.60439% | 70,090.75 |
18 | Loan | | 60 Greene Street | 17,500,000 | 17,500,000 | 17,500,000 | 1.9% | 17,500,000 | 4.39000% | 0.01561% | 4.37439% | 64,910.01 |
19 | Loan | | Plantation Point | 15,000,000 | 15,000,000 | 15,000,000 | 1.6% | 13,072,866 | 4.31000% | 0.01561% | 4.29439% | 74,318.82 |
20 | Loan | 46 | 700 Tech Court | 14,000,000 | 14,000,000 | 14,000,000 | 1.5% | 14,000,000 | 4.87000% | 0.01561% | 4.85439% | 57,605.79 |
21 | Loan | 47 | Hampton Inn - Phoenix East Mesa | 13,000,000 | 12,984,322 | 12,984,322 | 1.4% | 10,682,801 | 4.98000% | 0.01561% | 4.96439% | 69,628.00 |
22 | Loan | | Onset Building | 12,250,000 | 12,234,728 | 12,234,728 | 1.3% | 10,006,705 | 4.80000% | 0.06311% | 4.73689% | 64,271.51 |
23 | Loan | 48 | Fairfield Inn & Suites Rehoboth Beach | 11,550,000 | 11,535,838 | 11,535,838 | 1.3% | 9,463,164 | 4.89000% | 0.01561% | 4.87439% | 61,228.75 |
24 | Loan | 8, 49, 50 | Green Hills Corporate Center | 11,500,000 | 11,500,000 | 11,500,000 | 1.3% | 11,500,000 | 4.35000% | 0.01436% | 4.33564% | 42,266.49 |
25 | Loan | | Shoppes of Schererville | 11,000,000 | 11,000,000 | 11,000,000 | 1.2% | 11,000,000 | 4.55000% | 0.01561% | 4.53439% | 42,287.62 |
26 | Loan | | South Carolina Storage Portfolio | 11,000,000 | 11,000,000 | 11,000,000 | 1.2% | 11,000,000 | 4.29000% | 0.01561% | 4.27439% | 39,871.18 |
26.01 | Property | | Summit Self Storage | | | 5,750,000 | | | | | | |
26.02 | Property | | Riverchase Self Storage | | | 5,250,000 | | | | | | |
27 | Loan | | Wilderness Village Center | 11,000,000 | 11,000,000 | 11,000,000 | 1.2% | 9,713,048 | 4.88000% | 0.01561% | 4.86439% | 58,246.29 |
28 | Loan | 51 | Hampton Inn - Pembroke Pines | 10,000,000 | 9,974,969 | 9,974,969 | 1.1% | 8,092,164 | 4.52000% | 0.06311% | 4.45689% | 50,787.44 |
29 | Loan | | Copperstill Marketplace | 9,600,000 | 9,600,000 | 9,600,000 | 1.1% | 8,243,066 | 4.70000% | 0.06311% | 4.63689% | 49,789.23 |
30 | Loan | | University Village | 8,357,500 | 8,357,500 | 8,357,500 | 0.9% | 8,357,500 | 4.58000% | 0.05561% | 4.52439% | 32,340.82 |
31 | Loan | 52 | 375-383 86th Street | 8,125,000 | 8,125,000 | 8,125,000 | 0.9% | 8,125,000 | 4.34000% | 0.01561% | 4.32439% | 29,793.55 |
32 | Loan | | Atlas Signs Portfolio | 5,890,300 | 5,890,300 | 5,890,300 | 0.6% | 5,061,488 | 4.73000% | 0.01561% | 4.71439% | 30,655.62 |
32.01 | Property | | Atlas Signs Riviera Beach | | | 3,283,612 | | | | | | |
32.02 | Property | | Atlas Signs Concord | | | 2,606,688 | | | | | | |
33 | Loan | | 8-10 Main Street | 5,125,000 | 5,125,000 | 5,125,000 | 0.6% | 5,125,000 | 4.32000% | 0.01561% | 4.30439% | 18,706.25 |
34 | Loan | | WAG Willmar | 4,000,000 | 4,000,000 | 4,000,000 | 0.4% | 3,655,586 | 4.42000% | 0.01561% | 4.40439% | 20,077.72 |
35 | Loan | 53 | Railroad San Mateo | 3,250,000 | 3,250,000 | 3,250,000 | 0.4% | 3,250,000 | 4.58000% | 0.02561% | 4.55439% | 12,576.45 |
Control Number | Loan / Property Flag | Footnotes | Property Name | Annual Debt Service ($) | Pari Passu Companion Loan Monthly Debt Service ($) | Pari Passu Companion Loan Annual Debt Service ($) | Amortization Type | Interest Accrual Method | Seasoning | Original Interest-Only Period (Mos.) | Remaining Interest-Only Period (Mos.) | Original Term To Maturity / ARD (Mos.) | Remaining Term To Maturity / ARD (Mos.) |
1 | Loan | 8 | Diamondback Industrial Portfolio 2 | 2,819,320.80 | | | Interest Only | Actual/360 | 1 | 60 | 59 | 60 | 59 |
1.01 | Property | | Nestle - Breinigsville | | | | | | | | | | |
1.02 | Property | 9 | Amazon - Charleston | | | | | | | | | | |
1.03 | Property | | Home Depot - Winchester | | | | | | | | | | |
2 | Loan | 8, 10, 11 | 250 Livingston | 2,760,312.48 | 153,350.70 | 1,840,208.40 | Interest Only | Actual/360 | 1 | 120 | 119 | 120 | 119 |
3 | Loan | 8, 12, 13, 14, 15 | Waterfront Plaza | 4,959,169.92 | 275,509.44 | 3,306,113.28 | Amortizing | Actual/360 | 1 | 0 | 0 | 120 | 119 |
4 | Loan | 8, 16, 17, 18 | 101 California Street | 2,830,017.36 | 1,478,440.10 | 17,741,281.20 | Interest Only | Actual/360 | 4 | 120 | 116 | 120 | 116 |
5 | Loan | 8, 19, 20, 21, 22, 23, 24 | Moffett Towers II Building V | 2,551,123.32 | 365,661.02 | 4,387,932.24 | Interest Only - ARD | Actual/360 | 3 | 120 | 117 | 120 | 117 |
6 | Loan | 8, 25 | 59 Maiden Lane | 2,022,708.36 | 505,677.08 | 6,068,124.96 | Interest Only | Actual/360 | 2 | 120 | 118 | 120 | 118 |
7 | Loan | 8, 26, 27, 28, 29, 30, 31 | Newport Corporate Center | 1,796,221.68 | 341,282.11 | 4,095,385.26 | Interest Only - ARD | Actual/360 | 2 | 120 | 118 | 120 | 118 |
8 | Loan | 8 | Western Digital R&D Campus | 1,694,380.20 | 141,589.58 | 1,699,074.96 | Interest Only | Actual/360 | 2 | 120 | 118 | 120 | 118 |
9 | Loan | 8, 32, 33 | ARC Apartments | 1,465,760.88 | 209,394.41 | 2,512,732.92 | Interest Only | Actual/360 | 4 | 60 | 56 | 60 | 56 |
10 | Loan | 8, 34, 35, 36 | Waterford Lakes Town Center | 2,218,852.20 | 766,032.29 | 9,192,387.48 | Amortizing | Actual/360 | 2 | 0 | 0 | 120 | 118 |
11 | Loan | 37, 38 | 159 Canal Street | 1,408,595.88 | | | Interest Only | Actual/360 | 0 | 120 | 120 | 120 | 120 |
12 | Loan | | Nitya Tower | 2,003,125.80 | | | Interest Only, Then Amortizing | Actual/360 | 0 | 24 | 24 | 120 | 120 |
13 | Loan | 39 | MGBW Portfolio | 985,829.52 | | | Interest Only | Actual/360 | 2 | 120 | 118 | 120 | 118 |
13.01 | Property | | NCDC | | | | | | | | | | |
13.02 | Property | | Main Plant | | | | | | | | | | |
13.03 | Property | | MGBW TOO | | | | | | | | | | |
13.04 | Property | | OMF | | | | | | | | | | |
14 | Loan | 8, 10 | Diamondback Industrial Portfolio 1 | 722,902.80 | 150,604.74 | 1,807,256.90 | Interest Only | Actual/360 | 1 | 60 | 59 | 60 | 59 |
14.01 | Property | | TJ Maxx - Philadelphia | | | | | | | | | | |
14.02 | Property | | Amazon - West Columbia | | | | | | | | | | |
14.03 | Property | | FedEx Ground - Menomonee Falls | | | | | | | | | | |
15 | Loan | 8, 40, 41, 42 | 57 East 11th Street | 979,416.72 | 142,831.59 | 1,713,979.08 | Interest Only | Actual/360 | 2 | 120 | 118 | 120 | 118 |
16 | Loan | 43 | Restoration Hardware Palm Beach | 766,500.00 | | | Interest Only | Actual/360 | 1 | 120 | 119 | 120 | 119 |
17 | Loan | 44, 45 | Pecos North Industrial | 841,089.00 | | | Interest Only | Actual/360 | 1 | 120 | 119 | 120 | 119 |
18 | Loan | | 60 Greene Street | 778,920.12 | | | Interest Only | Actual/360 | 1 | 120 | 119 | 120 | 119 |
19 | Loan | | Plantation Point | 891,825.84 | | | Interest Only, Then Amortizing | Actual/360 | 1 | 36 | 35 | 120 | 119 |
20 | Loan | 46 | 700 Tech Court | 691,269.48 | | | Interest Only | Actual/360 | 1 | 120 | 119 | 120 | 119 |
21 | Loan | 47 | Hampton Inn - Phoenix East Mesa | 835,536.00 | | | Amortizing | Actual/360 | 1 | 0 | 0 | 120 | 119 |
22 | Loan | | Onset Building | 771,258.12 | | | Amortizing | Actual/360 | 1 | 0 | 0 | 120 | 119 |
23 | Loan | 48 | Fairfield Inn & Suites Rehoboth Beach | 734,745.00 | | | Amortizing | Actual/360 | 1 | 0 | 0 | 120 | 119 |
24 | Loan | 8, 49, 50 | Green Hills Corporate Center | 507,197.88 | 183,767.36 | 2,205,208.32 | Interest Only | Actual/360 | 2 | 120 | 118 | 120 | 118 |
25 | Loan | | Shoppes of Schererville | 507,451.44 | | | Interest Only | Actual/360 | 1 | 120 | 119 | 120 | 119 |
26 | Loan | | South Carolina Storage Portfolio | 478,454.16 | | | Interest Only | Actual/360 | 1 | 120 | 119 | 120 | 119 |
26.01 | Property | | Summit Self Storage | | | | | | | | | | |
26.02 | Property | | Riverchase Self Storage | | | | | | | | | | |
27 | Loan | | Wilderness Village Center | 698,955.48 | | | Interest Only, Then Amortizing | Actual/360 | 2 | 36 | 34 | 120 | 118 |
28 | Loan | 51 | Hampton Inn - Pembroke Pines | 609,449.28 | | | Amortizing | Actual/360 | 2 | 0 | 0 | 120 | 118 |
29 | Loan | | Copperstill Marketplace | 597,470.76 | | | Interest Only, Then Amortizing | Actual/360 | 0 | 24 | 24 | 120 | 120 |
30 | Loan | | University Village | 388,089.84 | | | Interest Only | Actual/360 | 1 | 120 | 119 | 120 | 119 |
31 | Loan | 52 | 375-383 86th Street | 357,522.60 | | | Interest Only | Actual/360 | 1 | 120 | 119 | 120 | 119 |
32 | Loan | | Atlas Signs Portfolio | 367,867.44 | | | Interest Only, Then Amortizing | Actual/360 | 1 | 24 | 23 | 120 | 119 |
32.01 | Property | | Atlas Signs Riviera Beach | | | | | | | | | | |
32.02 | Property | | Atlas Signs Concord | | | | | | | | | | |
33 | Loan | | 8-10 Main Street | 224,475.00 | | | Interest Only | Actual/360 | 1 | 120 | 119 | 120 | 119 |
34 | Loan | | WAG Willmar | 240,932.64 | | | Interest Only, Then Amortizing | Actual/360 | 1 | 60 | 59 | 120 | 119 |
35 | Loan | 53 | Railroad San Mateo | 150,917.40 | | | Interest Only | Actual/360 | 1 | 60 | 59 | 60 | 59 |
Control Number | Loan / Property Flag | Footnotes | Property Name | Original Amortization Term (Mos.) | Remaining Amortization Term (Mos.) | Origination Date | Due Date | First Due Date | Last IO Due Date | First P&I Due Date | Maturity Date / ARD | ARD (Yes / No) | Final Maturity Date | Grace Period- Late Fee |
1 | Loan | 8 | Diamondback Industrial Portfolio 2 | 0 | 0 | 5/30/2019 | 6 | 7/6/2019 | 6/6/2024 | | 6/6/2024 | No | | 0 |
1.01 | Property | | Nestle - Breinigsville | | | | | | | | | | | |
1.02 | Property | 9 | Amazon - Charleston | | | | | | | | | | | |
1.03 | Property | | Home Depot - Winchester | | | | | | | | | | | |
2 | Loan | 8, 10, 11 | 250 Livingston | 0 | 0 | 5/31/2019 | 6 | 7/6/2019 | 6/6/2029 | | 6/6/2029 | No | | 0 |
3 | Loan | 8, 12, 13, 14, 15 | Waterfront Plaza | 300 | 299 | 5/17/2019 | 6 | 7/6/2019 | | 7/6/2019 | 6/6/2029 | No | | 0 |
4 | Loan | 8, 16, 17, 18 | 101 California Street | 0 | 0 | 2/25/2019 | 6 | 4/6/2019 | 3/6/2029 | | 3/6/2029 | No | | 0 |
5 | Loan | 8, 19, 20, 21, 22, 23, 24 | Moffett Towers II Building V | 0 | 0 | 3/8/2019 | 6 | 5/6/2019 | 4/6/2029 | | 4/6/2029 | Yes | 6/6/2034 | 0 |
6 | Loan | 8, 25 | 59 Maiden Lane | 0 | 0 | 4/11/2019 | 6 | 6/6/2019 | 5/6/2029 | | 5/6/2029 | No | | 10 days grace, one time during the term of the loan, other than the payment due on the Maturity Date |
7 | Loan | 8, 26, 27, 28, 29, 30, 31 | Newport Corporate Center | 0 | 0 | 4/10/2019 | 6 | 6/6/2019 | 5/6/2029 | | 5/6/2029 | Yes | 10/6/2030 | 5 days grace, one time during the term of the loan, other than the payment due on the Maturity Date |
8 | Loan | 8 | Western Digital R&D Campus | 0 | 0 | 4/29/2019 | 6 | 6/6/2019 | 5/6/2029 | | 5/6/2029 | No | | 0 |
9 | Loan | 8, 32, 33 | ARC Apartments | 0 | 0 | 2/8/2019 | 1 | 4/1/2019 | 3/1/2024 | | 3/1/2024 | No | | 0 |
10 | Loan | 8, 34, 35, 36 | Waterford Lakes Town Center | 360 | 358 | 4/16/2019 | 6 | 6/6/2019 | | 6/6/2019 | 5/6/2029 | No | | 0 |
11 | Loan | 37, 38 | 159 Canal Street | 0 | 0 | 6/7/2019 | 6 | 8/6/2019 | 7/6/2029 | | 7/6/2029 | No | | 0 |
12 | Loan | | Nitya Tower | 360 | 360 | 6/7/2019 | 6 | 8/6/2019 | 7/6/2021 | 8/6/2021 | 7/6/2029 | No | | 0 |
13 | Loan | 39 | MGBW Portfolio | 0 | 0 | 4/12/2019 | 6 | 6/6/2019 | 5/6/2029 | | 5/6/2029 | No | | 0 |
13.01 | Property | | NCDC | | | | | | | | | | | |
13.02 | Property | | Main Plant | | | | | | | | | | | |
13.03 | Property | | MGBW TOO | | | | | | | | | | | |
13.04 | Property | | OMF | | | | | | | | | | | |
14 | Loan | 8, 10 | Diamondback Industrial Portfolio 1 | 0 | 0 | 5/30/2019 | 6 | 7/6/2019 | 6/6/2024 | | 6/6/2024 | No | | 0 |
14.01 | Property | | TJ Maxx - Philadelphia | | | | | | | | | | | |
14.02 | Property | | Amazon - West Columbia | | | | | | | | | | | |
14.03 | Property | | FedEx Ground - Menomonee Falls | | | | | | | | | | | |
15 | Loan | 8, 40, 41, 42 | 57 East 11th Street | 0 | 0 | 4/18/2019 | 6 | 6/6/2019 | 5/6/2029 | | 5/6/2029 | No | | 0 |
16 | Loan | 43 | Restoration Hardware Palm Beach | 0 | 0 | 6/3/2019 | 6 | 7/6/2019 | 6/6/2029 | | 6/6/2029 | No | | 0 |
17 | Loan | 44, 45 | Pecos North Industrial | 0 | 0 | 5/14/2019 | 6 | 7/6/2019 | 6/6/2029 | | 6/6/2029 | No | | 0 |
18 | Loan | | 60 Greene Street | 0 | 0 | 6/6/2019 | 6 | 7/6/2019 | 6/6/2029 | | 6/6/2029 | No | | 0 |
19 | Loan | | Plantation Point | 360 | 360 | 6/3/2019 | 6 | 7/6/2019 | 6/6/2022 | 7/6/2022 | 6/6/2029 | No | | 0 |
20 | Loan | 46 | 700 Tech Court | 0 | 0 | 5/10/2019 | 6 | 7/6/2019 | 6/6/2029 | | 6/6/2029 | No | | 0 |
21 | Loan | 47 | Hampton Inn - Phoenix East Mesa | 360 | 359 | 5/14/2019 | 6 | 7/6/2019 | | 7/6/2019 | 6/6/2029 | No | | 0 |
22 | Loan | | Onset Building | 360 | 359 | 5/31/2019 | 6 | 7/6/2019 | | 7/6/2019 | 6/6/2029 | No | | 0 |
23 | Loan | 48 | Fairfield Inn & Suites Rehoboth Beach | 360 | 359 | 5/23/2019 | 6 | 7/6/2019 | | 7/6/2019 | 6/6/2029 | No | | 0 |
24 | Loan | 8, 49, 50 | Green Hills Corporate Center | 0 | 0 | 4/30/2019 | 6 | 6/6/2019 | 5/6/2029 | | 5/6/2029 | No | | 0 |
25 | Loan | | Shoppes of Schererville | 0 | 0 | 5/9/2019 | 6 | 7/6/2019 | 6/6/2029 | | 6/6/2029 | No | | 0 |
26 | Loan | | South Carolina Storage Portfolio | 0 | 0 | 5/22/2019 | 6 | 7/6/2019 | 6/6/2029 | | 6/6/2029 | No | | 0 |
26.01 | Property | | Summit Self Storage | | | | | | | | | | | |
26.02 | Property | | Riverchase Self Storage | | | | | | | | | | | |
27 | Loan | | Wilderness Village Center | 360 | 360 | 5/6/2019 | 6 | 6/6/2019 | 5/6/2022 | 6/6/2022 | 5/6/2029 | No | | 0 |
28 | Loan | 51 | Hampton Inn - Pembroke Pines | 360 | 358 | 5/3/2019 | 6 | 6/6/2019 | | 6/6/2019 | 5/6/2029 | No | | 0 |
29 | Loan | | Copperstill Marketplace | 360 | 360 | 6/10/2019 | 6 | 8/6/2019 | 7/6/2021 | 8/6/2021 | 7/6/2029 | No | | 0 |
30 | Loan | | University Village | 0 | 0 | 5/22/2019 | 6 | 7/6/2019 | 6/6/2029 | | 6/6/2029 | No | | 0 |
31 | Loan | 52 | 375-383 86th Street | 0 | 0 | 5/23/2019 | 6 | 7/6/2019 | 6/6/2029 | | 6/6/2029 | No | | 0 |
32 | Loan | | Atlas Signs Portfolio | 360 | 360 | 5/15/2019 | 6 | 7/6/2019 | 6/6/2021 | 7/6/2021 | 6/6/2029 | No | | 0 |
32.01 | Property | | Atlas Signs Riviera Beach | | | | | | | | | | | |
32.02 | Property | | Atlas Signs Concord | | | | | | | | | | | |
33 | Loan | | 8-10 Main Street | 0 | 0 | 5/23/2019 | 6 | 7/6/2019 | 6/6/2029 | | 6/6/2029 | No | | 0 |
34 | Loan | | WAG Willmar | 360 | 360 | 5/31/2019 | 6 | 7/6/2019 | 6/6/2024 | 7/6/2024 | 6/6/2029 | No | | 0 |
35 | Loan | 53 | Railroad San Mateo | 0 | 0 | 5/31/2019 | 6 | 7/6/2019 | 6/6/2024 | | 6/6/2024 | No | | 0 |
Control Number | Loan / Property Flag | Footnotes | Property Name | Grace Period- Default | Prepayment Provision (3) | 2016 EGI ($) | 2016 Expenses ($) | 2016 NOI ($) | 2017 EGI ($) |
1 | Loan | 8 | Diamondback Industrial Portfolio 2 | 0 | Lockout/25_Defeasance/30_0%/5 | 12,098,405 | 1,440,684 | 10,657,721 | 12,410,804 |
1.01 | Property | | Nestle - Breinigsville | | | N/A | N/A | N/A | N/A |
1.02 | Property | 9 | Amazon - Charleston | | | N/A | N/A | N/A | N/A |
1.03 | Property | | Home Depot - Winchester | | | N/A | N/A | N/A | N/A |
2 | Loan | 8, 10, 11 | 250 Livingston | 0 | Lockout/25_Defeasance/91_0%/4 | 8,501,114 | 3,506,081 | 4,995,033 | 11,314,694 |
3 | Loan | 8, 12, 13, 14, 15 | Waterfront Plaza | 0 | Lockout/24_>YM or 1%/91_0%/5 | 24,019,229 | 13,732,293 | 10,286,936 | 24,671,611 |
4 | Loan | 8, 16, 17, 18 | 101 California Street | 0 | Lockout/28_YM/85_0%/7 | 68,835,502 | 27,535,387 | 41,300,115 | 79,428,927 |
5 | Loan | 8, 19, 20, 21, 22, 23, 24 | Moffett Towers II Building V | 0 | Lockout/24_>YM or 1%/3_Defeasance or >YM or 1%/86_0%/7 | N/A | N/A | N/A | N/A |
6 | Loan | 8, 25 | 59 Maiden Lane | 0 | Lockout/26_Defeasance/89_0%/5 | 48,095,168 | 24,906,930 | 23,188,238 | 50,439,845 |
7 | Loan | 8, 26, 27, 28, 29, 30, 31 | Newport Corporate Center | 0 | Lockout/26_Defeasance/87_0%/7 | 34,279,904 | 10,460,300 | 23,819,604 | 34,718,517 |
8 | Loan | 8 | Western Digital R&D Campus | 0 | Lockout/26_Defeasance or >YM or 1%/88_0%/6 | N/A | N/A | N/A | N/A |
9 | Loan | 8, 32, 33 | ARC Apartments | 5 | Lockout/28_Defeasance/28_0%/4 | N/A | N/A | N/A | N/A |
10 | Loan | 8, 34, 35, 36 | Waterford Lakes Town Center | 0 | Lockout/26_Defeasance/87_0%/7 | 21,212,273 | 4,786,004 | 16,426,269 | 22,212,559 |
11 | Loan | 37, 38 | 159 Canal Street | 0 | Lockout/24_Defeasance/92_0%/4 | N/A | N/A | N/A | N/A |
12 | Loan | | Nitya Tower | 0 | Lockout/24_Defeasance/92_0%/4 | N/A | N/A | N/A | N/A |
13 | Loan | 39 | MGBW Portfolio | 0 | Lockout/26_Defeasance/87_0%/7 | N/A | N/A | N/A | N/A |
13.01 | Property | | NCDC | | | N/A | N/A | N/A | N/A |
13.02 | Property | | Main Plant | | | N/A | N/A | N/A | N/A |
13.03 | Property | | MGBW TOO | | | N/A | N/A | N/A | N/A |
13.04 | Property | | OMF | | | N/A | N/A | N/A | N/A |
14 | Loan | 8, 10 | Diamondback Industrial Portfolio 1 | 0 | Lockout/25_Defeasance/30_0%/5 | 11,999,817 | 974,318 | 11,025,499 | 12,190,324 |
14.01 | Property | | TJ Maxx - Philadelphia | | | N/A | N/A | N/A | N/A |
14.02 | Property | | Amazon - West Columbia | | | N/A | N/A | N/A | N/A |
14.03 | Property | | FedEx Ground - Menomonee Falls | | | N/A | N/A | N/A | N/A |
15 | Loan | 8, 40, 41, 42 | 57 East 11th Street | 0 | Lockout/26_Defeasance or >YM or 1%/88_0%/6 | N/A | N/A | N/A | N/A |
16 | Loan | 43 | Restoration Hardware Palm Beach | 0 | Lockout/25_Defeasance/90_0%/5 | N/A | N/A | N/A | 1,002,292 |
17 | Loan | 44, 45 | Pecos North Industrial | 0 | Lockout/25_Defeasance/91_0%/4 | N/A | N/A | N/A | N/A |
18 | Loan | | 60 Greene Street | 0 | Lockout/25_Defeasance/92_0%/3 | N/A | N/A | N/A | N/A |
19 | Loan | | Plantation Point | 0 | Lockout/25_Defeasance/90_0%/5 | 1,801,437 | 472,909 | 1,328,528 | 1,806,350 |
20 | Loan | 46 | 700 Tech Court | 3 days grace, once per trailing 12-month period, monthly payments of debt service only | Lockout/25_Defeasance/91_0%/4 | N/A | N/A | N/A | N/A |
21 | Loan | 47 | Hampton Inn - Phoenix East Mesa | 0 | Lockout/25_Defeasance/91_0%/4 | N/A | N/A | N/A | 3,283,555 |
22 | Loan | | Onset Building | 0 | Lockout/25_Defeasance/92_0%/3 | N/A | N/A | N/A | N/A |
23 | Loan | 48 | Fairfield Inn & Suites Rehoboth Beach | 0 | Lockout/25_Defeasance/91_0%/4 | N/A | N/A | N/A | 3,555,716 |
24 | Loan | 8, 49, 50 | Green Hills Corporate Center | 0 | Lockout/26_Defeasance/90_0%/4 | 12,073,477 | 4,788,740 | 7,284,736 | 12,168,486 |
25 | Loan | | Shoppes of Schererville | 0 | Lockout/25_Defeasance/88_0%/7 | 1,900,744 | 503,780 | 1,396,964 | 1,990,516 |
26 | Loan | | South Carolina Storage Portfolio | 0 | Lockout/25_Defeasance/91_0%/4 | 1,381,073 | 468,821 | 912,253 | 1,477,171 |
26.01 | Property | | Summit Self Storage | | | 741,661 | 249,960 | 491,701 | 755,108 |
26.02 | Property | | Riverchase Self Storage | | | 639,413 | 218,861 | 420,552 | 722,064 |
27 | Loan | | Wilderness Village Center | 0 | Lockout/26_Defeasance/90_0%/4 | 1,354,053 | 350,437 | 1,003,616 | 1,478,741 |
28 | Loan | 51 | Hampton Inn - Pembroke Pines | 0 | Lockout/26_Defeasance/91_0%/3 | 3,635,896 | 2,963,790 | 672,106 | 4,102,491 |
29 | Loan | | Copperstill Marketplace | 0 | Lockout/24_Defeasance/92_0%/4 | N/A | N/A | N/A | N/A |
30 | Loan | | University Village | 0 | Lockout/25_Defeasance/88_0%/7 | N/A | N/A | N/A | 1,172,799 |
31 | Loan | 52 | 375-383 86th Street | 0 | Lockout/25_Defeasance/91_0%/4 | N/A | N/A | N/A | 1,131,018 |
32 | Loan | | Atlas Signs Portfolio | 0 | Lockout/25_Defeasance/92_0%/3 | N/A | N/A | N/A | N/A |
32.01 | Property | | Atlas Signs Riviera Beach | | | N/A | N/A | N/A | N/A |
32.02 | Property | | Atlas Signs Concord | | | N/A | N/A | N/A | N/A |
33 | Loan | | 8-10 Main Street | 0 | Lockout/25_Defeasance/91_0%/4 | N/A | N/A | N/A | 606,330 |
34 | Loan | | WAG Willmar | 0 | Lockout/25_Defeasance/91_0%/4 | 433,000 | 12,990 | 420,010 | 433,000 |
35 | Loan | 53 | Railroad San Mateo | 0 | Lockout/25_Defeasance/31_0%/4 | N/A | N/A | N/A | N/A |
Control Number | Loan / Property Flag | Footnotes | Property Name | 2017 Expenses ($) | 2017 NOI ($) | 2018 EGI ($) | 2018 Expenses ($) | 2018 NOI ($) | Most Recent EGI (if past 2018) ($) | Most Recent Expenses (if past 2018) ($) | Most Recent NOI (if past 2018) ($) |
1 | Loan | 8 | Diamondback Industrial Portfolio 2 | 242,356 | 12,168,448 | 12,152,364 | 240,154 | 11,912,210 | N/A | N/A | N/A |
1.01 | Property | | Nestle - Breinigsville | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
1.02 | Property | 9 | Amazon - Charleston | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
1.03 | Property | | Home Depot - Winchester | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
2 | Loan | 8, 10, 11 | 250 Livingston | 3,704,002 | 7,610,692 | 11,221,785 | 3,875,560 | 7,346,225 | 11,251,298 | 3,861,916 | 7,389,382 |
3 | Loan | 8, 12, 13, 14, 15 | Waterfront Plaza | 14,341,452 | 10,330,159 | 23,794,668 | 14,617,833 | 9,176,834 | N/A | N/A | N/A |
4 | Loan | 8, 16, 17, 18 | 101 California Street | 28,767,057 | 50,661,870 | 85,549,925 | 28,987,593 | 56,562,332 | N/A | N/A | N/A |
5 | Loan | 8, 19, 20, 21, 22, 23, 24 | Moffett Towers II Building V | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
6 | Loan | 8, 25 | 59 Maiden Lane | 25,680,902 | 24,758,943 | 50,521,282 | 25,369,149 | 25,152,133 | 50,847,575 | 26,006,945 | 24,840,630 |
7 | Loan | 8, 26, 27, 28, 29, 30, 31 | Newport Corporate Center | 10,077,187 | 24,641,331 | 32,840,915 | 9,091,557 | 23,749,358 | N/A | N/A | N/A |
8 | Loan | 8 | Western Digital R&D Campus | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
9 | Loan | 8, 32, 33 | ARC Apartments | N/A | N/A | 10,707,119 | 3,235,350 | 7,471,768 | N/A | N/A | N/A |
10 | Loan | 8, 34, 35, 36 | Waterford Lakes Town Center | 4,830,141 | 17,382,418 | 22,900,956 | 5,119,093 | 17,781,863 | 22,800,326 | 5,141,490 | 17,658,836 |
11 | Loan | 37, 38 | 159 Canal Street | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
12 | Loan | | Nitya Tower | N/A | N/A | 4,900,859 | 2,202,223 | 2,698,636 | 4,938,108 | 2,221,986 | 2,716,122 |
13 | Loan | 39 | MGBW Portfolio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
13.01 | Property | | NCDC | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
13.02 | Property | | Main Plant | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
13.03 | Property | | MGBW TOO | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
13.04 | Property | | OMF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
14 | Loan | 8, 10 | Diamondback Industrial Portfolio 1 | 703,459 | 11,486,866 | 12,166,436 | 634,113 | 11,532,323 | N/A | N/A | N/A |
14.01 | Property | | TJ Maxx - Philadelphia | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
14.02 | Property | | Amazon - West Columbia | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
14.03 | Property | | FedEx Ground - Menomonee Falls | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
15 | Loan | 8, 40, 41, 42 | 57 East 11th Street | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
16 | Loan | 43 | Restoration Hardware Palm Beach | 104,514 | 897,778 | 1,919,125 | 381,965 | 1,537,160 | 2,088,710 | 375,356 | 1,713,354 |
17 | Loan | 44, 45 | Pecos North Industrial | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
18 | Loan | | 60 Greene Street | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
19 | Loan | | Plantation Point | 502,233 | 1,304,117 | 1,764,212 | 467,813 | 1,296,399 | 1,794,714 | 464,627 | 1,330,087 |
20 | Loan | 46 | 700 Tech Court | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
21 | Loan | 47 | Hampton Inn - Phoenix East Mesa | 2,073,230 | 1,210,325 | 3,791,018 | 2,287,344 | 1,503,675 | 3,784,957 | 2,273,266 | 1,511,690 |
22 | Loan | | Onset Building | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
23 | Loan | 48 | Fairfield Inn & Suites Rehoboth Beach | 2,217,241 | 1,338,475 | 3,671,490 | 2,312,380 | 1,359,110 | 3,675,228 | 2,226,248 | 1,448,980 |
24 | Loan | 8, 49, 50 | Green Hills Corporate Center | 4,849,877 | 7,318,610 | 11,840,397 | 4,878,385 | 6,962,013 | 11,731,288 | 4,879,690 | 6,851,599 |
25 | Loan | | Shoppes of Schererville | 518,974 | 1,471,542 | 2,066,282 | 549,323 | 1,516,959 | N/A | N/A | N/A |
26 | Loan | | South Carolina Storage Portfolio | 498,576 | 978,595 | 1,519,321 | 484,222 | 1,035,099 | 1,520,267 | 483,750 | 1,036,517 |
26.01 | Property | | Summit Self Storage | 270,694 | 484,413 | 789,939 | 258,468 | 531,472 | 793,467 | 257,330 | 536,137 |
26.02 | Property | | Riverchase Self Storage | 227,882 | 494,182 | 729,381 | 225,754 | 503,627 | 726,800 | 226,420 | 500,380 |
27 | Loan | | Wilderness Village Center | 445,132 | 1,033,609 | 1,492,039 | 414,032 | 1,078,008 | 1,498,229 | 448,323 | 1,049,906 |
28 | Loan | 51 | Hampton Inn - Pembroke Pines | 3,110,953 | 991,538 | 4,665,315 | 3,315,948 | 1,349,367 | 4,668,097 | 3,312,121 | 1,355,976 |
29 | Loan | | Copperstill Marketplace | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
30 | Loan | | University Village | 570,828 | 601,971 | 1,283,828 | 550,462 | 733,366 | 1,312,892 | 560,468 | 752,424 |
31 | Loan | 52 | 375-383 86th Street | 342,214 | 788,803 | 1,199,373 | 435,866 | 763,507 | 1,222,195 | 445,301 | 776,893 |
32 | Loan | | Atlas Signs Portfolio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
32.01 | Property | | Atlas Signs Riviera Beach | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
32.02 | Property | | Atlas Signs Concord | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
33 | Loan | | 8-10 Main Street | 59,290 | 547,040 | 572,030 | 63,317 | 508,713 | 572,166 | 62,665 | 509,501 |
34 | Loan | | WAG Willmar | 12,990 | 420,010 | 433,000 | 12,990 | 420,010 | 433,000 | 12,990 | 420,010 |
35 | Loan | 53 | Railroad San Mateo | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Control Number | Loan / Property Flag | Footnotes | Property Name | Most Recent NOI Date (if past 2018) | Most Recent # of months | Most Recent Description | Underwritten EGI ($) | Underwritten Expenses ($) | Underwritten Net Operating Income ($) | Debt Yield on Underwritten Net Operating Income (%) |
1 | Loan | 8 | Diamondback Industrial Portfolio 2 | N/A | N/A | Not Available | 12,763,801 | 108,746 | 12,655,056 | 16.2% |
1.01 | Property | | Nestle - Breinigsville | N/A | N/A | Not Available | N/A | N/A | N/A | |
1.02 | Property | 9 | Amazon - Charleston | N/A | N/A | Not Available | N/A | N/A | N/A | |
1.03 | Property | | Home Depot - Winchester | N/A | N/A | Not Available | N/A | N/A | N/A | |
2 | Loan | 8, 10, 11 | 250 Livingston | 3/31/2019 | 12 | Trailing 12 | 16,032,086 | 4,309,444 | 11,722,642 | 9.4% |
3 | Loan | 8, 12, 13, 14, 15 | Waterfront Plaza | N/A | N/A | Not Available | 28,658,662 | 15,035,447 | 13,623,215 | 10.9% |
4 | Loan | 8, 16, 17, 18 | 101 California Street | N/A | N/A | Not Available | 98,039,071 | 30,562,252 | 67,476,820 | 12.8% |
5 | Loan | 8, 19, 20, 21, 22, 23, 24 | Moffett Towers II Building V | N/A | N/A | Not Available | 26,462,375 | 3,386,315 | 23,076,059 | 13.6% |
6 | Loan | 8, 25 | 59 Maiden Lane | 2/28/2019 | 12 | Trailing 12 | 50,166,869 | 26,380,972 | 23,785,897 | 11.9% |
7 | Loan | 8, 26, 27, 28, 29, 30, 31 | Newport Corporate Center | N/A | N/A | Not Available | 39,917,673 | 6,775,774 | 33,141,899 | 20.2% |
8 | Loan | 8 | Western Digital R&D Campus | N/A | N/A | Not Available | 8,432,757 | 2,002,341 | 6,430,416 | 8.5% |
9 | Loan | 8, 32, 33 | ARC Apartments | N/A | N/A | Not Available | 17,317,388 | 3,379,417 | 13,937,971 | 14.7% |
10 | Loan | 8, 34, 35, 36 | Waterford Lakes Town Center | 2/28/2019 | 12 | Trailing 12 | 22,242,309 | 5,591,686 | 16,650,623 | 9.3% |
11 | Loan | 37, 38 | 159 Canal Street | N/A | N/A | Not Available | 3,369,747 | 566,253 | 2,803,495 | 8.5% |
12 | Loan | | Nitya Tower | 4/30/2019 | 12 | Trailing 12 | 5,500,701 | 2,312,371 | 3,188,329 | 10.0% |
13 | Loan | 39 | MGBW Portfolio | N/A | N/A | Not Available | 2,457,557 | 347,009 | 2,110,548 | 10.3% |
13.01 | Property | | NCDC | N/A | N/A | Not Available | N/A | N/A | N/A | |
13.02 | Property | | Main Plant | N/A | N/A | Not Available | N/A | N/A | N/A | |
13.03 | Property | | MGBW TOO | N/A | N/A | Not Available | N/A | N/A | N/A | |
13.04 | Property | | OMF | N/A | N/A | Not Available | N/A | N/A | N/A | |
14 | Loan | 8, 10 | Diamondback Industrial Portfolio 1 | N/A | N/A | Not Available | 12,161,250 | 620,709 | 11,540,541 | 16.5% |
14.01 | Property | | TJ Maxx - Philadelphia | N/A | N/A | Not Available | N/A | N/A | N/A | |
14.02 | Property | | Amazon - West Columbia | N/A | N/A | Not Available | N/A | N/A | N/A | |
14.03 | Property | | FedEx Ground - Menomonee Falls | N/A | N/A | Not Available | N/A | N/A | N/A | |
15 | Loan | 8, 40, 41, 42 | 57 East 11th Street | N/A | N/A | Not Available | 5,215,222 | 838,283 | 4,376,939 | 8.0% |
16 | Loan | 43 | Restoration Hardware Palm Beach | 2/28/2019 | 12 | Trailing 12 | 2,148,063 | 368,577 | 1,779,485 | 9.9% |
17 | Loan | 44, 45 | Pecos North Industrial | N/A | N/A | Not Available | 2,105,752 | 553,745 | 1,552,008 | 8.6% |
18 | Loan | | 60 Greene Street | N/A | N/A | Not Available | 1,394,432 | 92,780 | 1,301,652 | 7.4% |
19 | Loan | | Plantation Point | 3/31/2019 | 12 | Trailing 12 | 1,850,060 | 404,080 | 1,445,980 | 9.6% |
20 | Loan | 46 | 700 Tech Court | N/A | N/A | Not Available | 2,000,135 | 671,276 | 1,328,859 | 9.5% |
21 | Loan | 47 | Hampton Inn - Phoenix East Mesa | 3/31/2019 | 12 | Trailing 12 | 3,784,957 | 2,276,783 | 1,508,174 | 11.6% |
22 | Loan | | Onset Building | N/A | N/A | Not Available | 1,533,747 | 396,862 | 1,136,884 | 9.3% |
23 | Loan | 48 | Fairfield Inn & Suites Rehoboth Beach | 3/31/2019 | 12 | Trailing 12 | 3,675,228 | 2,141,108 | 1,534,120 | 13.3% |
24 | Loan | 8, 49, 50 | Green Hills Corporate Center | 3/31/2019 | 12 | Trailing 12 | 11,600,672 | 4,812,650 | 6,788,021 | 11.0% |
25 | Loan | | Shoppes of Schererville | N/A | N/A | Not Available | 2,122,112 | 584,826 | 1,537,286 | 14.0% |
26 | Loan | | South Carolina Storage Portfolio | 4/30/2019 | 12 | Trailing 12 | 1,520,267 | 526,698 | 993,569 | 9.0% |
26.01 | Property | | Summit Self Storage | 4/30/2019 | 12 | Trailing 12 | 793,467 | 262,631 | 530,836 | |
26.02 | Property | | Riverchase Self Storage | 4/30/2019 | 12 | Trailing 12 | 726,800 | 264,067 | 462,733 | |
27 | Loan | | Wilderness Village Center | 2/28/2019 | 12 | Trailing 12 | 1,499,630 | 410,068 | 1,089,562 | 9.9% |
28 | Loan | 51 | Hampton Inn - Pembroke Pines | 3/31/2019 | 12 | Trailing 12 | 4,668,097 | 3,407,016 | 1,261,081 | 12.6% |
29 | Loan | | Copperstill Marketplace | N/A | N/A | Not Available | 1,108,410 | 238,845 | 869,565 | 9.1% |
30 | Loan | | University Village | 3/31/2019 | 12 | Trailing 12 | 1,395,570 | 628,261 | 767,309 | 9.2% |
31 | Loan | 52 | 375-383 86th Street | 3/31/2019 | 12 | Trailing 12 | 1,244,192 | 439,797 | 804,395 | 9.9% |
32 | Loan | | Atlas Signs Portfolio | N/A | N/A | Not Available | 828,401 | 226,989 | 601,412 | 10.2% |
32.01 | Property | | Atlas Signs Riviera Beach | N/A | N/A | Not Available | 448,828 | 143,118 | 305,710 | |
32.02 | Property | | Atlas Signs Concord | N/A | N/A | Not Available | 379,573 | 83,871 | 295,702 | |
33 | Loan | | 8-10 Main Street | 3/31/2019 | 12 | Trailing 12 | 643,090 | 79,378 | 563,712 | 11.0% |
34 | Loan | | WAG Willmar | 4/30/2019 | 12 | Trailing 12 | 475,242 | 81,512 | 393,730 | 9.8% |
35 | Loan | 53 | Railroad San Mateo | N/A | N/A | Not Available | 395,889 | 68,897 | 326,992 | 10.1% |
Control Number | Loan / Property Flag | Footnotes | Property Name | Underwritten Replacement / FF&E Reserve ($) | Underwritten TI / LC ($) | Underwritten Net Cash Flow ($) | Underwritten NCF DSCR (x) (4) | Debt Yield on Underwritten Net Cash Flow (%) | Appraised Value ($) | Appraisal Date | As Stabilized Appraised Value ($) | As Stabilized Appraisal Date |
1 | Loan | 8 | Diamondback Industrial Portfolio 2 | 379,035 | 0 | 12,276,020 | 4.35 | 15.7% | 223,000,000 | Various | NAP | NAP |
1.01 | Property | | Nestle - Breinigsville | N/A | N/A | N/A | | | 93,400,000 | 4/25/2019 | NAP | NAP |
1.02 | Property | 9 | Amazon - Charleston | N/A | N/A | N/A | | | 75,600,000 | 4/18/2019 | NAP | NAP |
1.03 | Property | | Home Depot - Winchester | N/A | N/A | N/A | | | 54,000,000 | 4/29/2019 | NAP | NAP |
2 | Loan | 8, 10, 11 | 250 Livingston | 84,350 | 0 | 11,638,292 | 2.53 | 9.3% | 210,000,000 | 4/16/2019 | NAP | NAP |
3 | Loan | 8, 12, 13, 14, 15 | Waterfront Plaza | 135,837 | 718,408 | 12,768,971 | 1.54 | 10.2% | 157,500,000 | 1/31/2019 | 170,000,000 | 2/1/2021 |
4 | Loan | 8, 16, 17, 18 | 101 California Street | 187,722 | 1,047,309 | 66,241,788 | 3.22 | 12.6% | 1,466,000,000 | 11/13/2018 | NAP | NAP |
5 | Loan | 8, 19, 20, 21, 22, 23, 24 | Moffett Towers II Building V | 72,513 | 0 | 23,003,547 | 3.32 | 13.5% | 365,000,000 | 2/1/2019 | 400,000,000 | 9/1/2019 |
6 | Loan | 8, 25 | 59 Maiden Lane | 203,583 | 1,812,183 | 21,770,131 | 2.69 | 10.9% | 480,000,000 | 4/1/2019 | NAP | NAP |
7 | Loan | 8, 26, 27, 28, 29, 30, 31 | Newport Corporate Center | 0 | 0 | 33,141,899 | 5.63 | 20.2% | 476,000,000 | 3/14/2019 | NAP | NAP |
8 | Loan | 8 | Western Digital R&D Campus | 84,151 | 263,952 | 6,082,314 | 1.79 | 8.0% | 117,090,000 | 4/4/2019 | NAP | NAP |
9 | Loan | 8, 32, 33 | ARC Apartments | 107,773 | 0 | 13,830,198 | 3.48 | 14.6% | 297,000,000 | 11/9/2018 | NAP | NAP |
10 | Loan | 8, 34, 35, 36 | Waterford Lakes Town Center | 138,253 | 224,267 | 16,288,103 | 1.43 | 9.1% | 268,600,000 | 3/1/2019 | NAP | NAP |
11 | Loan | 37, 38 | 159 Canal Street | 9,297 | 10,155 | 2,784,043 | 1.98 | 8.4% | 56,000,000 | 3/1/2019 | 60,000,000 | 3/1/2021 |
12 | Loan | | Nitya Tower | 51,891 | 124,587 | 3,011,852 | 1.50 | 9.4% | 43,400,000 | 5/3/2019 | 44,800,000 | 5/1/2020 |
13 | Loan | 39 | MGBW Portfolio | 136,641 | 84,088 | 1,889,819 | 1.92 | 9.2% | 31,350,000 | 2/13/2019 | NAP | NAP |
13.01 | Property | | NCDC | N/A | N/A | N/A | | | 11,250,000 | 2/13/2019 | NAP | NAP |
13.02 | Property | | Main Plant | N/A | N/A | N/A | | | 13,350,000 | 2/13/2019 | NAP | NAP |
13.03 | Property | | MGBW TOO | N/A | N/A | N/A | | | 5,900,000 | 2/13/2019 | NAP | NAP |
13.04 | Property | | OMF | N/A | N/A | N/A | | | 850,000 | 2/13/2019 | NAP | NAP |
14 | Loan | 8, 10 | Diamondback Industrial Portfolio 1 | 335,190 | 0 | 11,205,352 | 4.43 | 16.0% | 205,200,000 | Various | NAP | NAP |
14.01 | Property | | TJ Maxx - Philadelphia | N/A | N/A | N/A | | | 102,100,000 | 4/25/2019 | NAP | NAP |
14.02 | Property | | Amazon - West Columbia | N/A | N/A | N/A | | | 79,600,000 | 4/25/2019 | NAP | NAP |
14.03 | Property | | FedEx Ground - Menomonee Falls | N/A | N/A | N/A | | | 23,500,000 | 4/23/2019 | NAP | NAP |
15 | Loan | 8, 40, 41, 42 | 57 East 11th Street | 12,275 | 184,308 | 4,180,356 | 1.55 | 7.6% | 76,000,000 | 1/29/2019 | 92,000,000 | 2/1/2020 |
16 | Loan | 43 | Restoration Hardware Palm Beach | 9,872 | 0 | 1,769,613 | 2.31 | 9.8% | 29,900,000 | 4/5/2019 | NAP | NAP |
17 | Loan | 44, 45 | Pecos North Industrial | 26,386 | 57,057 | 1,468,564 | 1.75 | 8.2% | 25,400,000 | 4/12/2019 | 26,800,000 | 8/1/2019 |
18 | Loan | | 60 Greene Street | 1,241 | 44,470 | 1,255,941 | 1.61 | 7.2% | 27,000,000 | 4/17/2019 | NAP | NAP |
19 | Loan | | Plantation Point | 25,008 | 53,894 | 1,367,078 | 1.53 | 9.1% | 21,320,000 | 4/6/2019 | 21,935,000 | 7/1/2020 |
20 | Loan | 46 | 700 Tech Court | 13,661 | 38,934 | 1,276,264 | 1.85 | 9.1% | 21,000,000 | 3/22/2019 | 27,500,000 | 8/1/2020 |
21 | Loan | 47 | Hampton Inn - Phoenix East Mesa | 151,398 | 0 | 1,356,776 | 1.62 | 10.4% | 18,500,000 | 4/2/2019 | 19,300,000 | 4/2/2020 |
22 | Loan | | Onset Building | 10,742 | 53,809 | 1,072,333 | 1.39 | 8.8% | 17,500,000 | 3/29/2019 | NAP | NAP |
23 | Loan | 48 | Fairfield Inn & Suites Rehoboth Beach | 147,009 | 0 | 1,387,111 | 1.89 | 12.0% | 16,500,000 | 4/1/2019 | 18,000,000 | 4/1/2021 |
24 | Loan | 8, 49, 50 | Green Hills Corporate Center | 116,877 | 493,572 | 6,177,573 | 2.28 | 10.0% | 97,000,000 | 3/15/2019 | NAP | NAP |
25 | Loan | | Shoppes of Schererville | 57,123 | 76,016 | 1,404,147 | 2.77 | 12.8% | 18,400,000 | 3/2/2019 | NAP | NAP |
26 | Loan | | South Carolina Storage Portfolio | 16,837 | 0 | 976,733 | 2.04 | 8.9% | 17,400,000 | 4/15/2019 | NAP | NAP |
26.01 | Property | | Summit Self Storage | 8,493 | 0 | 522,344 | | | 9,100,000 | 4/15/2019 | NAP | NAP |
26.02 | Property | | Riverchase Self Storage | 8,344 | 0 | 454,389 | | | 8,300,000 | 4/15/2019 | NAP | NAP |
27 | Loan | | Wilderness Village Center | 9,179 | 83,809 | 996,574 | 1.43 | 9.1% | 16,300,000 | 3/4/2019 | NAP | NAP |
28 | Loan | 51 | Hampton Inn - Pembroke Pines | 186,724 | 0 | 1,074,357 | 1.76 | 10.8% | 18,100,000 | 4/4/2019 | 19,700,000 | 4/4/2021 |
29 | Loan | | Copperstill Marketplace | 10,411 | 24,726 | 834,429 | 1.40 | 8.7% | 13,200,000 | 4/19/2019 | 13,200,000 | 9/1/2019 |
30 | Loan | | University Village | 24,750 | 0 | 742,559 | 1.91 | 8.9% | 12,900,000 | 4/11/2019 | NAP | NAP |
31 | Loan | 52 | 375-383 86th Street | 8,550 | 24,948 | 770,897 | 2.16 | 9.5% | 14,700,000 | 3/7/2019 | NAP | NAP |
32 | Loan | | Atlas Signs Portfolio | 0 | 51,858 | 549,554 | 1.49 | 9.3% | 9,900,000 | 3/26/2019 | NAP | NAP |
32.01 | Property | | Atlas Signs Riviera Beach | 0 | 26,854 | 278,856 | | | 6,300,000 | 3/26/2019 | NAP | NAP |
32.02 | Property | | Atlas Signs Concord | 0 | 25,004 | 270,698 | | | 3,600,000 | 3/26/2019 | NAP | NAP |
33 | Loan | | 8-10 Main Street | 1,983 | 30,101 | 531,628 | 2.37 | 10.4% | 11,600,000 | 3/8/2019 | 11,900,000 | 3/1/2021 |
34 | Loan | | WAG Willmar | 2,174 | 0 | 391,557 | 1.63 | 9.8% | 6,725,000 | 4/16/2019 | NAP | NAP |
35 | Loan | 53 | Railroad San Mateo | 903 | 14,713 | 311,376 | 2.06 | 9.6% | 5,920,000 | 5/2/2019 | NAP | NAP |
Control Number | Loan / Property Flag | Footnotes | Property Name | Cut-off Date LTV Ratio (%) | LTV Ratio at Maturity / ARD (%) | Occupancy (%) (5) | Occupancy Date | ADR ($) | RevPAR ($) | Largest Tenant | Largest Tenant Sq Ft | Largest Tenant Lease Expiration (6) |
1 | Loan | 8 | Diamondback Industrial Portfolio 2 | 35.0% | 35.0% | 100.0% | | NAP | NAP | | | |
1.01 | Property | | Nestle - Breinigsville | | | 100.0% | 6/1/2019 | NAP | NAP | Nestle | 1,045,153 | 12/31/2027 |
1.02 | Property | 9 | Amazon - Charleston | | | 100.0% | 6/1/2019 | NAP | NAP | Amazon | 1,016,148 | 9/30/2026 |
1.03 | Property | | Home Depot - Winchester | | | 100.0% | 6/1/2019 | NAP | NAP | Home Depot | 465,600 | 7/31/2037 |
2 | Loan | 8, 10, 11 | 250 Livingston | 59.5% | 59.5% | 100.0% | 4/1/2019 | NAP | NAP | The City of New York | 342,496 | 8/22/2030 |
3 | Loan | 8, 12, 13, 14, 15 | Waterfront Plaza | 73.4% | 53.8% | 96.3% | 1/31/2019 | NAP | NAP | Hawaii Pacific University | 99,058 | 6/30/2034 |
4 | Loan | 8, 16, 17, 18 | 101 California Street | 35.9% | 35.9% | 92.1% | 12/31/2018 | NAP | NAP | Merrill Lynch | 121,986 | 10/31/2022 |
5 | Loan | 8, 19, 20, 21, 22, 23, 24 | Moffett Towers II Building V | 42.5% | 42.5% | 100.0% | 6/1/2019 | NAP | NAP | Facebook | 350,633 | 5/31/2034 |
6 | Loan | 8, 25 | 59 Maiden Lane | 41.7% | 41.7% | 98.1% | 12/24/2018 | NAP | NAP | NYDCAS | 702,283 | 8/31/2021 |
7 | Loan | 8, 26, 27, 28, 29, 30, 31 | Newport Corporate Center | 34.5% | 34.5% | 99.3% | 3/25/2019 | NAP | NAP | T-Mobile | 919,001 | 10/31/2030 |
8 | Loan | 8 | Western Digital R&D Campus | 64.8% | 64.8% | 100.0% | 6/1/2019 | NAP | NAP | Western Digital | 290,175 | 4/30/2034 |
9 | Loan | 8, 32, 33 | ARC Apartments | 32.0% | 32.0% | 100.0% | 12/31/2018 | NAP | NAP | NAP | | |
10 | Loan | 8, 34, 35, 36 | Waterford Lakes Town Center | 66.9% | 54.9% | 98.9% | 2/1/2019 | NAP | NAP | Regal Cinema | 86,231 | 1/31/2020 |
11 | Loan | 37, 38 | 159 Canal Street | 58.9% | 58.9% | 76.4% | 10/31/2018 | NAP | NAP | First Republic | 6,580 | 3/31/2032 |
12 | Loan | | Nitya Tower | 73.7% | 63.4% | 85.0% | 6/5/2019 | NAP | NAP | GSI Environmental, Inc. | 16,552 | 4/30/2023 |
13 | Loan | 39 | MGBW Portfolio | 65.3% | 65.3% | 100.0% | | NAP | NAP | | | |
13.01 | Property | | NCDC | | | 100.0% | 6/1/2019 | NAP | NAP | Mitchell Gold + Bob Williams | 317,197 | 3/8/2039 |
13.02 | Property | | Main Plant | | | 100.0% | 6/1/2019 | NAP | NAP | Mitchell Gold + Bob Williams | 343,809 | 3/8/2039 |
13.03 | Property | | MGBW TOO | | | 100.0% | 6/1/2019 | NAP | NAP | Mitchell Gold + Bob Williams | 183,828 | 3/8/2039 |
13.04 | Property | | OMF | | | 100.0% | 6/1/2019 | NAP | NAP | Mitchell Gold + Bob Williams | 66,106 | 3/8/2039 |
14 | Loan | 8, 10 | Diamondback Industrial Portfolio 1 | 34.1% | 34.1% | 100.0% | | NAP | NAP | | | |
14.01 | Property | | TJ Maxx - Philadelphia | | | 100.0% | 6/1/2019 | NAP | NAP | TJ Maxx | 1,015,500 | 12/31/2034 |
14.02 | Property | | Amazon - West Columbia | | | 100.0% | 6/1/2019 | NAP | NAP | Amazon | 1,016,148 | 9/30/2026 |
14.03 | Property | | FedEx Ground - Menomonee Falls | | | 100.0% | 6/1/2019 | NAP | NAP | FedEx Ground | 202,950 | 7/31/2030 |
15 | Loan | 8, 40, 41, 42 | 57 East 11th Street | 59.8% | 59.8% | 100.0% | 6/1/2019 | NAP | NAP | WeWork | 61,375 | 10/31/2034 |
16 | Loan | 43 | Restoration Hardware Palm Beach | 60.2% | 60.2% | 100.0% | 6/1/2019 | NAP | NAP | Restoration Hardware | 49,360 | 1/31/2032 |
17 | Loan | 44, 45 | Pecos North Industrial | 70.7% | 70.7% | 100.0% | 4/1/2019 | NAP | NAP | M Tech | 105,909 | 10/31/2024 |
18 | Loan | | 60 Greene Street | 64.8% | 64.8% | 100.0% | 6/1/2019 | NAP | NAP | Watches of Switzerland | 8,271 | 11/30/2028 |
19 | Loan | | Plantation Point | 70.4% | 61.3% | 93.7% | 4/1/2019 | NAP | NAP | Food Lion | 57,730 | 7/31/2030 |
20 | Loan | 46 | 700 Tech Court | 66.7% | 66.7% | 100.0% | 6/1/2019 | NAP | NAP | Charlotte's Web | 136,610 | 2/28/2030 |
21 | Loan | 47 | Hampton Inn - Phoenix East Mesa | 70.2% | 57.7% | 86.5% | 3/31/2019 | 116.63 | 100.85 | NAP | | |
22 | Loan | | Onset Building | 69.9% | 57.2% | 100.0% | 6/1/2019 | NAP | NAP | Onset Financial | 53,710 | 11/30/2033 |
23 | Loan | 48 | Fairfield Inn & Suites Rehoboth Beach | 69.9% | 57.4% | 68.9% | 3/31/2019 | 149.77 | 103.22 | NAP | | |
24 | Loan | 8, 49, 50 | Green Hills Corporate Center | 63.4% | 63.4% | 100.0% | 4/30/2019 | NAP | NAP | Penske | 426,734 | 12/31/2030 |
25 | Loan | | Shoppes of Schererville | 59.8% | 59.8% | 94.5% | 1/3/2019 | NAP | NAP | Jo-Ann Stores, Inc. | 35,266 | 1/31/2026 |
26 | Loan | | South Carolina Storage Portfolio | 63.2% | 63.2% | 95.1% | | NAP | NAP | | | |
26.01 | Property | | Summit Self Storage | | | 97.2% | 4/30/2019 | NAP | NAP | NAP | | |
26.02 | Property | | Riverchase Self Storage | | | 92.9% | 4/30/2019 | NAP | NAP | NAP | | |
27 | Loan | | Wilderness Village Center | 67.5% | 59.6% | 96.9% | 2/21/2019 | NAP | NAP | The Bartell Drug Company | 15,209 | 12/31/2026 |
28 | Loan | 51 | Hampton Inn - Pembroke Pines | 55.1% | 44.7% | 80.8% | 3/31/2019 | 126.50 | 102.26 | NAP | | |
29 | Loan | | Copperstill Marketplace | 72.7% | 62.4% | 100.0% | 4/17/2019 | NAP | NAP | Rouses | 43,320 | 1/31/2039 |
30 | Loan | | University Village | 64.8% | 64.8% | 96.0% | 5/2/2019 | NAP | NAP | NAP | | |
31 | Loan | 52 | 375-383 86th Street | 55.3% | 55.3% | 100.0% | 4/30/2019 | NAP | NAP | Gloria Francis School of Makeup Artistry LTD | 7,500 | 7/31/2025 |
32 | Loan | | Atlas Signs Portfolio | 59.5% | 51.1% | 100.0% | | NAP | NAP | | | |
32.01 | Property | | Atlas Signs Riviera Beach | | | 100.0% | 6/1/2019 | NAP | NAP | Atlas Signs | 43,911 | 12/31/2035 |
32.02 | Property | | Atlas Signs Concord | | | 100.0% | 6/1/2019 | NAP | NAP | Atlas Signs | 70,179 | 12/31/2035 |
33 | Loan | | 8-10 Main Street | 44.2% | 44.2% | 100.0% | 2/1/2019 | NAP | NAP | UBS Financial | 7,343 | 11/30/2028 |
34 | Loan | | WAG Willmar | 59.5% | 54.4% | 100.0% | 6/1/2019 | NAP | NAP | Walgreens | 14,490 | 2/28/2034 |
35 | Loan | 53 | Railroad San Mateo | 54.9% | 54.9% | 100.0% | 6/1/2019 | NAP | NAP | Monomi Park | 4,516 | 5/31/2023 |
Control Number | Loan / Property Flag | Footnotes | Property Name | Second Largest Tenant | Second Largest Tenant Sq Ft | Second Largest Tenant Lease Expiration (6) | Third Largest Tenant | Third Largest Tenant Sq Ft | Third Largest Tenant Lease Expiration (6) | Fourth Largest Tenant |
1 | Loan | 8 | Diamondback Industrial Portfolio 2 | | | | | | | |
1.01 | Property | | Nestle - Breinigsville | NAP | | | NAP | | | NAP |
1.02 | Property | 9 | Amazon - Charleston | NAP | | | NAP | | | NAP |
1.03 | Property | | Home Depot - Winchester | NAP | | | NAP | | | NAP |
2 | Loan | 8, 10, 11 | 250 Livingston | Metro Finest Deli | 990 | 5/31/2030 | NAP | | | NAP |
3 | Loan | 8, 12, 13, 14, 15 | Waterfront Plaza | Oahu Publications, Inc. | 47,548 | 3/31/2023 | USCIS | 30,994 | 6/30/2025 | McCorriston Miller Mukai MacKinnon LLLP |
4 | Loan | 8, 16, 17, 18 | 101 California Street | Cooley LLP | 112,305 | 12/31/2020 | Morgan Stanley | 91,068 | 1/31/2028 | Deutsche Bank |
5 | Loan | 8, 19, 20, 21, 22, 23, 24 | Moffett Towers II Building V | NAP | | | NAP | | | NAP |
6 | Loan | 8, 25 | 59 Maiden Lane | People of the State of NY | 84,729 | 6/30/2025 | London Fischer LLP | 59,896 | 7/31/2027 | AmTrust Financial Services |
7 | Loan | 8, 26, 27, 28, 29, 30, 31 | Newport Corporate Center | KLSY/KIXI | 21,175 | 3/31/2026 | LifeCenter Northwest | 20,713 | 8/31/2025 | Protingent, Inc. |
8 | Loan | 8 | Western Digital R&D Campus | NAP | | | NAP | | | NAP |
9 | Loan | 8, 32, 33 | ARC Apartments | NAP | | | NAP | | | NAP |
10 | Loan | 8, 34, 35, 36 | Waterford Lakes Town Center | Best Buy | 46,094 | 1/31/2021 | Jo-Ann Fabrics | 35,000 | 1/31/2024 | Bed Bath & Beyond |
11 | Loan | 37, 38 | 159 Canal Street | Da Long Yi Hot | 3,500 | 2/28/2034 | Cathay Bank | 2,380 | 7/1/2029 | NAP |
12 | Loan | | Nitya Tower | Global Transportation Group, LLC | 10,719 | 9/30/2021 | Sprott Newsom Lunceford et. Al | 10,039 | 6/30/2021 | Houston Medical Records, Inc. |
13 | Loan | 39 | MGBW Portfolio | | | | | | | |
13.01 | Property | | NCDC | NAP | | | NAP | | | NAP |
13.02 | Property | | Main Plant | NAP | | | NAP | | | NAP |
13.03 | Property | | MGBW TOO | NAP | | | NAP | | | NAP |
13.04 | Property | | OMF | NAP | | | NAP | | | NAP |
14 | Loan | 8, 10 | Diamondback Industrial Portfolio 1 | | | | | | | |
14.01 | Property | | TJ Maxx - Philadelphia | NAP | | | NAP | | | NAP |
14.02 | Property | | Amazon - West Columbia | NAP | | | NAP | | | NAP |
14.03 | Property | | FedEx Ground - Menomonee Falls | NAP | | | NAP | | | NAP |
15 | Loan | 8, 40, 41, 42 | 57 East 11th Street | NAP | | | NAP | | | NAP |
16 | Loan | 43 | Restoration Hardware Palm Beach | NAP | | | NAP | | | NAP |
17 | Loan | 44, 45 | Pecos North Industrial | HRCS Engineering | 30,000 | 3/31/2026 | Masonite | 25,000 | 5/31/2024 | Parsons |
18 | Loan | | 60 Greene Street | NAP | | | NAP | | | NAP |
19 | Loan | | Plantation Point | China Buffet | 5,860 | 10/31/2020 | Title Boxing Club | 4,128 | 12/31/2022 | Cormac Tactical |
20 | Loan | 46 | 700 Tech Court | NAP | | | NAP | | | NAP |
21 | Loan | 47 | Hampton Inn - Phoenix East Mesa | NAP | | | NAP | | | NAP |
22 | Loan | | Onset Building | NAP | | | NAP | | | NAP |
23 | Loan | 48 | Fairfield Inn & Suites Rehoboth Beach | NAP | | | NAP | | | NAP |
24 | Loan | 8, 49, 50 | Green Hills Corporate Center | Worley Parsons | 150,668 | 3/31/2022 | Compass Group | 1,519 | 8/31/2019 | NAP |
25 | Loan | | Shoppes of Schererville | Big Lots Stores, Inc. | 33,958 | 1/31/2024 | PetSmart | 20,054 | 1/31/2026 | Discovery Clothing |
26 | Loan | | South Carolina Storage Portfolio | | | | | | | |
26.01 | Property | | Summit Self Storage | NAP | | | NAP | | | NAP |
26.02 | Property | | Riverchase Self Storage | NAP | | | NAP | | | NAP |
27 | Loan | | Wilderness Village Center | Bank of America | 5,717 | 12/31/2020 | Maple Valley Fitness | 5,510 | 6/30/2021 | The Lost Dutchman |
28 | Loan | 51 | Hampton Inn - Pembroke Pines | NAP | | | NAP | | | NAP |
29 | Loan | | Copperstill Marketplace | In & Out Urgent Care | 2,854 | 12/4/2025 | Wow Café | 2,460 | 4/30/2026 | H2K Nail Spa |
30 | Loan | | University Village | NAP | | | NAP | | | NAP |
31 | Loan | 52 | 375-383 86th Street | USA Army Corp | 3,700 | 1/31/2021 | Dime Savings Bank | 2,500 | 10/31/2030 | US/New York Army National Guard |
32 | Loan | | Atlas Signs Portfolio | | | | | | | |
32.01 | Property | | Atlas Signs Riviera Beach | NAP | | | NAP | | | NAP |
32.02 | Property | | Atlas Signs Concord | NAP | | | NAP | | | NAP |
33 | Loan | | 8-10 Main Street | Collette Design | 2,750 | MTM | NAP | | | NAP |
34 | Loan | | WAG Willmar | NAP | | | NAP | | | NAP |
35 | Loan | 53 | Railroad San Mateo | NAP | | | NAP | | | NAP |
Control Number | Loan / Property Flag | Footnotes | Property Name | Fourth Largest Tenant Sq Ft | Fourth Largest Tenant Lease Expiration (6) | Fifth Largest Tenant | Fifth Largest Tenant Sq Ft | Fifth Largest Tenant Lease Expiration (6) | Environmental Phase I Report Date | Environmental Phase II | Environmental Phase II Report Date | Engineering Report Date |
1 | Loan | 8 | Diamondback Industrial Portfolio 2 | | | | | | | | | |
1.01 | Property | | Nestle - Breinigsville | | | NAP | | | 2/21/2019 | No | NAP | 2/21/2019 |
1.02 | Property | 9 | Amazon - Charleston | | | NAP | | | 2/20/2019 | No | NAP | 2/20/2019 |
1.03 | Property | | Home Depot - Winchester | | | NAP | | | 2/20/2019 | No | NAP | 2/20/2019 |
2 | Loan | 8, 10, 11 | 250 Livingston | | | NAP | | | 11/9/2018 | No | NAP | 11/8/2018 |
3 | Loan | 8, 12, 13, 14, 15 | Waterfront Plaza | 29,231 | 12/31/2021 | AT&T Corp. | 26,160 | 6/30/2020 | 4/5/2019 | No | NAP | 3/27/2019 |
4 | Loan | 8, 16, 17, 18 | 101 California Street | 60,311 | 12/31/2024 | Winston & Strawn | 52,235 | 10/31/2024 | 11/16/2018 | No | NAP | 11/27/2018 |
5 | Loan | 8, 19, 20, 21, 22, 23, 24 | Moffett Towers II Building V | | | NAP | | | 2/12/2019 | No | NAP | 2/12/2019 |
6 | Loan | 8, 25 | 59 Maiden Lane | 39,992 | 5/31/2023 | Maiden Farm, Inc. | 22,726 | 7/31/2025 | 3/23/2019 | No | NAP | 3/21/2019 |
7 | Loan | 8, 26, 27, 28, 29, 30, 31 | Newport Corporate Center | 11,314 | 4/30/2021 | Mobica US Inc. | 5,763 | 5/31/2021 | 2/13/2019 | No | NAP | 3/19/2019 |
8 | Loan | 8 | Western Digital R&D Campus | | | NAP | | | 3/18/2019; 3/21/2019 | No | NAP | 4/11/2019 |
9 | Loan | 8, 32, 33 | ARC Apartments | | | NAP | | | 11/19/2018 | No | NAP | 2/7/2019 |
10 | Loan | 8, 34, 35, 36 | Waterford Lakes Town Center | 30,616 | 1/31/2020 | Ross Dress For Less | 30,184 | 1/31/2021 | 3/11/2019 | No | NAP | 3/11/2019 |
11 | Loan | 37, 38 | 159 Canal Street | | | NAP | | | 3/26/2019 | No | NAP | 3/26/2019 |
12 | Loan | | Nitya Tower | 8,822 | 12/31/2023 | Richard Daly & John Scott Black | 7,634 | 3/31/2023 | 5/7/2019 | No | NAP | 5/7/2019 |
13 | Loan | 39 | MGBW Portfolio | | | | | | | | | |
13.01 | Property | | NCDC | | | NAP | | | 2/5/2019 | Yes | 3/27/2019 | 2/5/2019 |
13.02 | Property | | Main Plant | | | NAP | | | 4/4/2019 | No | NAP | 2/5/2019 |
13.03 | Property | | MGBW TOO | | | NAP | | | 2/5/2019 | Yes | 3/27/2019 | 2/5/2019 |
13.04 | Property | | OMF | | | NAP | | | 2/5/2019 | No | NAP | 2/5/2019 |
14 | Loan | 8, 10 | Diamondback Industrial Portfolio 1 | | | | | | | | | |
14.01 | Property | | TJ Maxx - Philadelphia | | | NAP | | | 3/12/2019 | No | NAP | 3/12/2019 |
14.02 | Property | | Amazon - West Columbia | | | NAP | | | 2/20/2019 | No | NAP | 2/20/2019 |
14.03 | Property | | FedEx Ground - Menomonee Falls | | | NAP | | | 2/20/2019 | No | NAP | 2/20/2019 |
15 | Loan | 8, 40, 41, 42 | 57 East 11th Street | | | NAP | | | 4/18/2019 | No | NAP | 4/17/2019 |
16 | Loan | 43 | Restoration Hardware Palm Beach | | | NAP | | | 4/15/2019 | No | NAP | 4/15/2019 |
17 | Loan | 44, 45 | Pecos North Industrial | 15,000 | 7/31/2024 | NAP | | | 4/17/2019 | No | NAP | 4/17/2019 |
18 | Loan | | 60 Greene Street | | | NAP | | | 4/16/2019 | No | NAP | 4/15/2019 |
19 | Loan | | Plantation Point | 3,873 | 5/31/2024 | Capriccio | 3,559 | 11/30/2023 | 4/17/2019 | No | NAP | 4/17/2019 |
20 | Loan | 46 | 700 Tech Court | | | NAP | | | 4/4/2019 | No | NAP | 4/24/2019 |
21 | Loan | 47 | Hampton Inn - Phoenix East Mesa | | | NAP | | | 4/4/2019 | No | NAP | 4/3/2019 |
22 | Loan | | Onset Building | | | NAP | | | 4/9/2019 | No | NAP | 4/9/2019 |
23 | Loan | 48 | Fairfield Inn & Suites Rehoboth Beach | | | NAP | | | 5/10/2019 | No | NAP | 5/10/2019 |
24 | Loan | 8, 49, 50 | Green Hills Corporate Center | | | NAP | | | 3/25/2019 | No | NAP | 3/21/2019 |
25 | Loan | | Shoppes of Schererville | 16,992 | 1/31/2022 | TGI Fridays Ground Lease | 7,025 | 5/31/2020 | 3/13/2019 | No | NAP | 3/14/2019 |
26 | Loan | | South Carolina Storage Portfolio | | | | | | | | | |
26.01 | Property | | Summit Self Storage | | | NAP | | | 4/16/2019 | No | NAP | 4/16/2019 |
26.02 | Property | | Riverchase Self Storage | | | NAP | | | 4/16/2019 | No | NAP | 4/16/2019 |
27 | Loan | | Wilderness Village Center | 4,550 | 2/28/2022 | Bluewater Spa | 2,435 | 11/30/2027 | 3/12/2019 | No | NAP | 3/12/2019 |
28 | Loan | 51 | Hampton Inn - Pembroke Pines | | | NAP | | | 4/10/2019 | No | NAP | 4/10/2019 |
29 | Loan | | Copperstill Marketplace | 2,016 | 12/17/2023 | Supercuts | 1,404 | 8/31/2024 | 4/19/2019 | No | NAP | 4/18/2019 |
30 | Loan | | University Village | | | NAP | | | 4/22/2019 | No | NAP | 4/22/2019 |
31 | Loan | 52 | 375-383 86th Street | 1,150 | 4/30/2021 | CNM Maritime | 400 | MTM | 3/14/2019 | No | NAP | 3/14/2019 |
32 | Loan | | Atlas Signs Portfolio | | | | | | | | | |
32.01 | Property | | Atlas Signs Riviera Beach | | | NAP | | | 3/28/2019 | No | NAP | 3/28/2019 |
32.02 | Property | | Atlas Signs Concord | | | NAP | | | 3/28/2019 | No | NAP | 3/28/2019 |
33 | Loan | | 8-10 Main Street | | | NAP | | | 3/14/2019 | No | NAP | 3/14/2019 |
34 | Loan | | WAG Willmar | | | NAP | | | 4/30/2019 | No | NAP | 5/1/2019 |
35 | Loan | 53 | Railroad San Mateo | | | NAP | | | 5/9/2019 | No | NAP | 5/9/2019 |
Control Number | Loan / Property Flag | Footnotes | Property Name | Seismic Report Date | PML or SEL (%) | Earthquake Insurance Required | Upfront RE Tax Reserve ($) | Ongoing RE Tax Reserve ($) | Upfront Insurance Reserve ($) | Ongoing Insurance Reserve ($) | Upfront Replacement Reserve ($) | Ongoing Replacement Reserve ($) |
1 | Loan | 8 | Diamondback Industrial Portfolio 2 | | | No | 0 | 0 | 0 | 0 | 0 | 0 |
1.01 | Property | | Nestle - Breinigsville | NAP | NAP | No | | | | | | |
1.02 | Property | 9 | Amazon - Charleston | NAP | NAP | No | | | | | | |
1.03 | Property | | Home Depot - Winchester | NAP | NAP | No | | | | | | |
2 | Loan | 8, 10, 11 | 250 Livingston | NAP | NAP | No | 148,101 | 148,101 | 0 | 0 | 0 | 0 |
3 | Loan | 8, 12, 13, 14, 15 | Waterfront Plaza | NAP | NAP | No | 741,075 | 148,215 | 0 | 0 | 2,300,000 | 5,433 |
4 | Loan | 8, 16, 17, 18 | 101 California Street | 11/30/2018 | 18% | No | 0 | 0 | 0 | 0 | 0 | 0 |
5 | Loan | 8, 19, 20, 21, 22, 23, 24 | Moffett Towers II Building V | 2/8/2019 | 2% | No | 0 | 87,587 | 0 | 0 | 0 | 0 |
6 | Loan | 8, 25 | 59 Maiden Lane | NAP | NAP | No | 4,650,281 | 930,056 | 0 | 0 | 0 | 0 |
7 | Loan | 8, 26, 27, 28, 29, 30, 31 | Newport Corporate Center | 3/19/2019 | 10% | No | 0 | 0 | 0 | 0 | 1,675,000 | 12,479 |
8 | Loan | 8 | Western Digital R&D Campus | 4/15/2019 | 17% | No | 0 | 0 | 0 | 0 | 0 | 0 |
9 | Loan | 8, 32, 33 | ARC Apartments | NAP | NAP | No | 31,756 | 7,939 | 0 | 0 | 0 | 8,981 |
10 | Loan | 8, 34, 35, 36 | Waterford Lakes Town Center | NAP | NAP | No | 339,161 | 169,580 | 0 | 0 | 0 | 11,521 |
11 | Loan | 37, 38 | 159 Canal Street | NAP | NAP | No | 0 | 0 | 0 | 0 | 0 | 0 |
12 | Loan | | Nitya Tower | NAP | NAP | No | 465,392 | 66,485 | 48,263 | 8,044 | 804,000 | 4,324 |
13 | Loan | 39 | MGBW Portfolio | | | No | 0 | 0 | 0 | 0 | 0 | 0 |
13.01 | Property | | NCDC | NAP | NAP | No | | | | | | |
13.02 | Property | | Main Plant | NAP | NAP | No | | | | | | |
13.03 | Property | | MGBW TOO | NAP | NAP | No | | | | | | |
13.04 | Property | | OMF | NAP | NAP | No | | | | | | |
14 | Loan | 8, 10 | Diamondback Industrial Portfolio 1 | | | No | 0 | 0 | 0 | 0 | 0 | 0 |
14.01 | Property | | TJ Maxx - Philadelphia | NAP | NAP | No | | | | | | |
14.02 | Property | | Amazon - West Columbia | NAP | NAP | No | | | | | | |
14.03 | Property | | FedEx Ground - Menomonee Falls | NAP | NAP | No | | | | | | |
15 | Loan | 8, 40, 41, 42 | 57 East 11th Street | NAP | NAP | No | 276,521 | 46,087 | 0 | 0 | 0 | 1,023 |
16 | Loan | 43 | Restoration Hardware Palm Beach | NAP | NAP | No | 162,782 | 27,130 | 0 | 0 | 0 | 0 |
17 | Loan | 44, 45 | Pecos North Industrial | NAP | NAP | No | 37,522 | 37,522 | 11,205 | 2,801 | 0 | 2,932 |
18 | Loan | | 60 Greene Street | NAP | NAP | No | 2,558 | 2,558 | 6,184 | 476 | 0 | 105 |
19 | Loan | | Plantation Point | NAP | NAP | No | 64,111 | 10,685 | 0 | 0 | 0 | 2,120 |
20 | Loan | 46 | 700 Tech Court | NAP | NAP | No | 0 | 0 | 0 | 0 | 0 | 1,138 |
21 | Loan | 47 | Hampton Inn - Phoenix East Mesa | NAP | NAP | No | 39,895 | 13,298 | 7,099 | 3,549 | 0 | 6,308 |
22 | Loan | | Onset Building | 5/20/2019 | 7% | No | 17,424 | 2,178 | 2,150 | 1,075 | 0 | 895 |
23 | Loan | 48 | Fairfield Inn & Suites Rehoboth Beach | NAP | NAP | No | 30,255 | 3,362 | 0 | 0 | 0 | The greater of (i) 4.0% of prior month's gross revenues and (ii) any amount required under Management Agreement or Franchise Agreement for FF&E Work |
24 | Loan | 8, 49, 50 | Green Hills Corporate Center | NAP | NAP | No | 768,606 | 139,747 | 30,068 | 10,023 | 0 | 9,842 |
25 | Loan | | Shoppes of Schererville | NAP | NAP | No | 50,895 | 25,447 | 0 | 0 | 100,000 | 4,760 |
26 | Loan | | South Carolina Storage Portfolio | | | No | 93,333 | 13,333 | 16,323 | 1,256 | 0 | 1,403 |
26.01 | Property | | Summit Self Storage | NAP | NAP | No | | | | | | |
26.02 | Property | | Riverchase Self Storage | NAP | NAP | No | | | | | | |
27 | Loan | | Wilderness Village Center | 4/5/2019 | 8% | No | 32,167 | 16,084 | 1,558 | 1,558 | 0 | 765 |
28 | Loan | 51 | Hampton Inn - Pembroke Pines | NAP | NAP | No | 149,597 | 21,371 | 0 | 0 | 0 | 7,780 |
29 | Loan | | Copperstill Marketplace | NAP | NAP | No | 61,503 | 7,688 | 29,579 | 2,958 | 0 | 868 |
30 | Loan | | University Village | NAP | NAP | No | 57,664 | 14,416 | 25,688 | 2,854 | 0 | 2,063 |
31 | Loan | 52 | 375-383 86th Street | NAP | NAP | No | 16,413 | 16,413 | 0 | 0 | 0 | 713 |
32 | Loan | | Atlas Signs Portfolio | | | No | 100,256 | 9,114 | 0 | 0 | 0 | 1,902 |
32.01 | Property | | Atlas Signs Riviera Beach | NAP | NAP | No | | | | | | |
32.02 | Property | | Atlas Signs Concord | NAP | NAP | No | | | | | | |
33 | Loan | | 8-10 Main Street | NAP | NAP | No | 1,786 | 1,786 | 0 | 0 | 0 | 165 |
34 | Loan | | WAG Willmar | NAP | NAP | No | 0 | 0 | 0 | 0 | 0 | 0 |
35 | Loan | 53 | Railroad San Mateo | 5/9/2019 | 13% | No | 16,201 | 2,700 | 840 | 420 | 0 | 75 |
Control Number | Loan / Property Flag | Footnotes | Property Name | Replacement Reserve Caps ($) | Upfront TI/LC Reserve ($) | Ongoing TI/LC Reserve ($) | TI/LC Caps ($) | Upfront Debt Service Reserve ($) | Ongoing Debt Service Reserve ($) | Upfront Deferred Maintenance Reserve ($) | Ongoing Deferred Maintenance Reserve ($) | Upfront Environmental Reserve ($) | Ongoing Environmental Reserve ($) | Upfront Other Reserve ($) | Ongoing Other Reserve ($) |
1 | Loan | 8 | Diamondback Industrial Portfolio 2 | 0 | 2,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
1.01 | Property | | Nestle - Breinigsville | | | | | | | | | | | | |
1.02 | Property | 9 | Amazon - Charleston | | | | | | | | | | | | |
1.03 | Property | | Home Depot - Winchester | | | | | | | | | | | | |
2 | Loan | 8, 10, 11 | 250 Livingston | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,376,645 | 0 |
3 | Loan | 8, 12, 13, 14, 15 | Waterfront Plaza | 0 | 4,598,167 | 79,238 | 2,445,057 | 0 | 0 | 0 | 0 | 0 | 0 | 2,318,452 | 0 |
4 | Loan | 8, 16, 17, 18 | 101 California Street | 500,606 | 0 | 0 | 2,503,030 | 0 | 0 | 0 | 0 | 0 | 0 | 20,474,821 | 0 |
5 | Loan | 8, 19, 20, 21, 22, 23, 24 | Moffett Towers II Building V | 0 | 29,997,618 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
6 | Loan | 8, 25 | 59 Maiden Lane | 0 | 0 | 0 | 18,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
7 | Loan | 8, 26, 27, 28, 29, 30, 31 | Newport Corporate Center | 149,743 | 60,072,224 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27,164,693 | 0 |
8 | Loan | 8 | Western Digital R&D Campus | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
9 | Loan | 8, 32, 33 | ARC Apartments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,393,065 | 0 |
10 | Loan | 8, 34, 35, 36 | Waterford Lakes Town Center | 500,000 | 5,000,000 | 57,605 | 7,500,000 | 0 | 0 | 0 | 0 | 0 | 0 | 23,985,464 | 0 |
11 | Loan | 37, 38 | 159 Canal Street | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 994,498 | 0 |
12 | Loan | | Nitya Tower | 0 | 500,000 | 20,833 | 1,000,000 | 0 | 0 | 10,875 | 0 | 0 | 0 | 669,359 | 0 |
13 | Loan | 39 | MGBW Portfolio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
13.01 | Property | | NCDC | | | | | | | | | | | | |
13.02 | Property | | Main Plant | | | | | | | | | | | | |
13.03 | Property | | MGBW TOO | | | | | | | | | | | | |
13.04 | Property | | OMF | | | | | | | | | | | | |
14 | Loan | 8, 10 | Diamondback Industrial Portfolio 1 | 0 | 0 | 0 | 0 | 0 | 0 | 3,557,777 | 0 | 0 | 0 | 0 | 0 |
14.01 | Property | | TJ Maxx - Philadelphia | | | | | | | | | | | | |
14.02 | Property | | Amazon - West Columbia | | | | | | | | | | | | |
14.03 | Property | | FedEx Ground - Menomonee Falls | | | | | | | | | | | | |
15 | Loan | 8, 40, 41, 42 | 57 East 11th Street | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9,057,308 | 0 |
16 | Loan | 43 | Restoration Hardware Palm Beach | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
17 | Loan | 44, 45 | Pecos North Industrial | 100,000 | 265,000 | 0 | 265,000 | 0 | 0 | 0 | 0 | 0 | 0 | 671,469 | 0 |
18 | Loan | | 60 Greene Street | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,599 | 0 |
19 | Loan | | Plantation Point | 0 | 0 | 5,833 | 210,000 | 0 | 0 | 0 | 0 | 0 | 0 | 35,760 | 0 |
20 | Loan | 46 | 700 Tech Court | 54,664 | 4,581,288 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,404,243 | 0 |
21 | Loan | 47 | Hampton Inn - Phoenix East Mesa | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
22 | Loan | | Onset Building | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
23 | Loan | 48 | Fairfield Inn & Suites Rehoboth Beach | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 72,500 | 45,000 |
24 | Loan | 8, 49, 50 | Green Hills Corporate Center | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,911,661 | 221,347 |
25 | Loan | | Shoppes of Schererville | 0 | 0 | 6,356 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
26 | Loan | | South Carolina Storage Portfolio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
26.01 | Property | | Summit Self Storage | | | | | | | | | | | | |
26.02 | Property | | Riverchase Self Storage | | | | | | | | | | | | |
27 | Loan | | Wilderness Village Center | 0 | 305,000 | 8,797 | 0 | 0 | 0 | 19,108 | 0 | 10,000 | 0 | 0 | 0 |
28 | Loan | 51 | Hampton Inn - Pembroke Pines | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
29 | Loan | | Copperstill Marketplace | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
30 | Loan | | University Village | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
31 | Loan | 52 | 375-383 86th Street | 0 | 0 | 1,875 | 100,000 | 0 | 0 | 4,620 | 0 | 0 | 0 | 77,162 | 0 |
32 | Loan | | Atlas Signs Portfolio | 0 | 0 | 4,540 | 0 | 0 | 0 | 27,250 | 0 | 0 | 0 | 0 | 0 |
32.01 | Property | | Atlas Signs Riviera Beach | | | | | | | | | | | | |
32.02 | Property | | Atlas Signs Concord | | | | | | | | | | | | |
33 | Loan | | 8-10 Main Street | 0 | 0 | 1,875 | 100,000 | 0 | 0 | 0 | 0 | 0 | 0 | 110,336 | 0 |
34 | Loan | | WAG Willmar | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
35 | Loan | 53 | Railroad San Mateo | 0 | 0 | 0 | 40,644 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Control Number | Loan / Property Flag | Footnotes | Property Name | Other Reserve Description | Borrower Name | Delaware Statutory Trust? |
1 | Loan | 8 | Diamondback Industrial Portfolio 2 | | VEREIT/OW Breinigsville PA, LLC, VEREIT/OW Charleston TN, LLC, VEREIT/OW Winchester VA, LLC | No |
1.01 | Property | | Nestle - Breinigsville | | | |
1.02 | Property | 9 | Amazon - Charleston | | | |
1.03 | Property | | Home Depot - Winchester | | | |
2 | Loan | 8, 10, 11 | 250 Livingston | Gap Rent Reserve | 250 Livingston Owner LLC | No |
3 | Loan | 8, 12, 13, 14, 15 | Waterfront Plaza | Gap and Free Rent Reserve ($1,418,088.09), Ground Rent Reserve ($732,000), Security Deposit Reserve ($168,364.35) | Waterfront Plaza, LLC | No |
4 | Loan | 8, 16, 17, 18 | 101 California Street | Unfunded Obligations Reserve ($10,474,821.10), Cooley Reserve ($10,000,000) | Elm Property Venture LLC | No |
5 | Loan | 8, 19, 20, 21, 22, 23, 24 | Moffett Towers II Building V | | MT2 B5 LLC | No |
6 | Loan | 8, 25 | 59 Maiden Lane | | 59 Maiden Lane Associates, LLC | No |
7 | Loan | 8, 26, 27, 28, 29, 30, 31 | Newport Corporate Center | Free Rent Reserve ($21,807,139), T-Mobile Capital Expenditure Reserve ($5,357,554) | Preylock Bellevue, LLC | No |
8 | Loan | 8 | Western Digital R&D Campus | | AGNL Wafer, L.L.C. | No |
9 | Loan | 8, 32, 33 | ARC Apartments | 421(a) Reserve ($4,872,343), Parking Equipment Funds ($481,950), Condominium Reserve ($38,771.81) | 30-02 Associates LLC F/K/A 30-17 Associates LLC | No |
10 | Loan | 8, 34, 35, 36 | Waterford Lakes Town Center | Regal Holdback Reserve ($22,500,000), Unfunded Obligations Reserve ($1,485,464) | Waterford Lakes Town Center LLC | No |
11 | Loan | 37, 38 | 159 Canal Street | Cathay Bank Reserve ($549,200); Free Rent Reserve ($445,298) | Elizabeth Canal, LLC, HH159 Canal Del, LLC, Jemcom Canal Del, LLC, Elizabeth Bronx, LLC and Jemcom Canal Reverse, LLC | No |
12 | Loan | | Nitya Tower | Unfunded Obligations Reserve | Norfolk Tower, LLC | No |
13 | Loan | 39 | MGBW Portfolio | | LCN MGB Taylorsville (NC) LLC | No |
13.01 | Property | | NCDC | | | |
13.02 | Property | | Main Plant | | | |
13.03 | Property | | MGBW TOO | | | |
13.04 | Property | | OMF | | | |
14 | Loan | 8, 10 | Diamondback Industrial Portfolio 1 | | VEREIT/OW West Columbia SC, LLC, VEREIT/OW Philadelphia PA, LLC and VEREIT/OW Menomonee Falls WI, LLC | No |
14.01 | Property | | TJ Maxx - Philadelphia | | | |
14.02 | Property | | Amazon - West Columbia | | | |
14.03 | Property | | FedEx Ground - Menomonee Falls | | | |
15 | Loan | 8, 40, 41, 42 | 57 East 11th Street | Unfunded Obligations Reserve ($6,737,608), WeWork Free Rent Reserve ($2,319,700) | Namor Realty Company L.L.C. | No |
16 | Loan | 43 | Restoration Hardware Palm Beach | | CityPlace Office II L.L.C. | No |
17 | Loan | 44, 45 | Pecos North Industrial | Parsons TI Allowance Reserve ($600,000), Parsons Gap Rent Reserve ($71,469) | Pecos North Development, LLC | No |
18 | Loan | | 60 Greene Street | Condominium Assessment Reserve | Jensen 60 Greene, LLC, JM 60 Greene, LLC, YJ 60 Greene, LLC, UBA 60 Greene, LLC, YJ 60 Greene I, LLC and UBA 60 Greene I, LLC | No |
19 | Loan | | Plantation Point | Unfunded Obligations Reserve | Myrtle Beach (Plantation) PH, LLC | No |
20 | Loan | 46 | 700 Tech Court | Rent Abatement Reserve ($888,667.50), Gap Rent Reserve ($515,575.50) | EJ 700 Tech Court LLC | No |
21 | Loan | 47 | Hampton Inn - Phoenix East Mesa | | Milan Enterprise Holdings, LLC | No |
22 | Loan | | Onset Building | | OFI Campus, LLC | No |
23 | Loan | 48 | Fairfield Inn & Suites Rehoboth Beach | Seasonal Working Capital Reserve ($70,000), Comfort Letter Transfer Reserve ($2,500) | Ten Pin SPE, LLC and Colonial Oaks Hotel SPE, LLC | No |
24 | Loan | 8, 49, 50 | Green Hills Corporate Center | HVAC Reserve (Upfront: $1,109,161.34; Ongoing: Excess Cash Flow), Penske Deferred Tenant Allowance Reserve (Upfront: $802,500; Ongoing: $221,347) | Green Hills Realty Associates LP | No |
25 | Loan | | Shoppes of Schererville | | EC Foundation Schererville LLC | No |
26 | Loan | | South Carolina Storage Portfolio | | CSGBSH NASC I, LLC and CSGBSH LXSC I, LLC | No |
26.01 | Property | | Summit Self Storage | | | |
26.02 | Property | | Riverchase Self Storage | | | |
27 | Loan | | Wilderness Village Center | | Wilderness Maple Valley LLC | No |
28 | Loan | 51 | Hampton Inn - Pembroke Pines | | Pines Hotel Group, Ltd. | No |
29 | Loan | | Copperstill Marketplace | | Copperstill Development, LLC | No |
30 | Loan | | University Village | | UVM Investors, LLC | No |
31 | Loan | 52 | 375-383 86th Street | Free Rent Reserve ($42,161.67), Architect Holdback Reserve ($35,000) | Gateway 86th LLC | No |
32 | Loan | | Atlas Signs Portfolio | | Investicore Prop Co 5, LLC | No |
32.01 | Property | | Atlas Signs Riviera Beach | | | |
32.02 | Property | | Atlas Signs Concord | | | |
33 | Loan | | 8-10 Main Street | UBS Free Rent Reserve ($96,586.18), Unfunded Obligations Reserve ($13,750) | POPI Landco Main Street LLC | No |
34 | Loan | | WAG Willmar | | ZE 45th WAG MN Realty LLC | No |
35 | Loan | 53 | Railroad San Mateo | | dU-Railroad LLC | No |
Control Number | Loan / Property Flag | Footnotes | Property Name | Carve-out Guarantor | Loan Purpose | Loan Amount (sources) | Principal's New Cash Contribution (7) | Subordinate Debt | Other Sources |
1 | Loan | 8 | Diamondback Industrial Portfolio 2 | None | Acquisition | 78,000,000 | 77,423,776 | 61,000,000 | 0 |
1.01 | Property | | Nestle - Breinigsville | | | | | | |
1.02 | Property | 9 | Amazon - Charleston | | | | | | |
1.03 | Property | | Home Depot - Winchester | | | | | | |
2 | Loan | 8, 10, 11 | 250 Livingston | Clipper Realty L.P. and Clipper Realty Inc. | Refinance | 125,000,000 | 0 | 0 | 0 |
3 | Loan | 8, 12, 13, 14, 15 | Waterfront Plaza | Jay H. Shidler | Refinance | 125,000,000 | 0 | 0 | 0 |
4 | Loan | 8, 16, 17, 18 | 101 California Street | None | Refinance | 527,000,000 | 0 | 228,000,000 | 0 |
5 | Loan | 8, 19, 20, 21, 22, 23, 24 | Moffett Towers II Building V | Paul Guarantor LLC | Refinance | 170,000,000 | 0 | 125,000,000 | 0 |
6 | Loan | 8, 25 | 59 Maiden Lane | George Karfunkel and Leah Karfunkel | Refinance | 200,000,000 | 0 | 0 | 0 |
7 | Loan | 8, 26, 27, 28, 29, 30, 31 | Newport Corporate Center | Farshid Steve Shokouhi and Brett Michael Lipman | Acquisition | 164,000,000 | 166,947,914 | 148,000,000 | 0 |
8 | Loan | 8 | Western Digital R&D Campus | AG Net Lease III Corp. and AG Net Lease III (SO) Corp. | Acquisition | 75,895,000 | 41,791,008 | 0 | 0 |
9 | Loan | 8, 32, 33 | ARC Apartments | Sayt Master Holdco LLC | Refinance | 95,000,000 | 0 | 92,000,000 | 4,872,343 |
10 | Loan | 8, 34, 35, 36 | Waterford Lakes Town Center | Washington Prime Group, L.P. | Recapitalization | 180,000,000 | 0 | 0 | 0 |
11 | Loan | 37, 38 | 159 Canal Street | Abraham Alan Jemal, Isaac Oved and Nathan Accad | Refinance | 33,000,000 | 0 | 0 | 0 |
12 | Loan | | Nitya Tower | Swapnil Agarwal | Refinance | 32,000,000 | 0 | 0 | 0 |
13 | Loan | 39 | MGBW Portfolio | LCN North American Fund II REIT | Acquisition | 20,470,000 | 11,155,240 | 0 | 0 |
13.01 | Property | | NCDC | | | | | | |
13.02 | Property | | Main Plant | | | | | | |
13.03 | Property | | MGBW TOO | | | | | | |
13.04 | Property | | OMF | | | | | | |
14 | Loan | 8, 10 | Diamondback Industrial Portfolio 1 | None | Acquisition | 70,000,000 | 75,931,173 | 60,250,000 | 0 |
14.01 | Property | | TJ Maxx - Philadelphia | | | | | | |
14.02 | Property | | Amazon - West Columbia | | | | | | |
14.03 | Property | | FedEx Ground - Menomonee Falls | | | | | | |
15 | Loan | 8, 40, 41, 42 | 57 East 11th Street | Winter Properties LLC | Refinance | 55,000,000 | 0 | 0 | 0 |
16 | Loan | 43 | Restoration Hardware Palm Beach | The Related Companies, L.P. | Refinance | 18,000,000 | 0 | 0 | 0 |
17 | Loan | 44, 45 | Pecos North Industrial | Jerry J. Tepper | Refinance | 17,956,000 | 0 | 0 | 0 |
18 | Loan | | 60 Greene Street | Yaron Jacobi, Uzi Ben Abraham and Bert Dweck | Refinance | 17,500,000 | 0 | 0 | 0 |
19 | Loan | | Plantation Point | Stanley Werb and Jonathan S. Gaines | Refinance | 15,000,000 | 0 | 0 | 0 |
20 | Loan | 46 | 700 Tech Court | Etkin Guarantor Entity LLC and Johnson Guarantor Entity LLC | Refinance | 14,000,000 | 0 | 0 | 0 |
21 | Loan | 47 | Hampton Inn - Phoenix East Mesa | Nirav Patel and Gunvant Patel | Refinance | 13,000,000 | 0 | 0 | 0 |
22 | Loan | | Onset Building | Justin Nielsen and Scott Miller | Recapitalization | 12,250,000 | 1,173,159 | 0 | 0 |
23 | Loan | 48 | Fairfield Inn & Suites Rehoboth Beach | R. Craig Hudson Family Trust | Refinance | 11,550,000 | 0 | 0 | 0 |
24 | Loan | 8, 49, 50 | Green Hills Corporate Center | Jacob Weinreb | Refinance | 61,500,000 | 80,000 | 0 | 0 |
25 | Loan | | Shoppes of Schererville | Mark Hamermesh and Gary Grabel | Acquisition | 11,000,000 | 7,208,178 | 0 | 333,827 |
26 | Loan | | South Carolina Storage Portfolio | George Thacker, Lawrence Charles Kaplan and Richard Schontz | Acquisition | 11,000,000 | 6,369,771 | 0 | 120,312 |
26.01 | Property | | Summit Self Storage | | | | | | |
26.02 | Property | | Riverchase Self Storage | | | | | | |
27 | Loan | | Wilderness Village Center | Stephen W. Wong | Acquisition | 11,000,000 | 5,877,131 | 0 | 0 |
28 | Loan | 51 | Hampton Inn - Pembroke Pines | Howard M. Wolfson and Jessie F. Wolfson | Refinance | 10,000,000 | 0 | 0 | 0 |
29 | Loan | | Copperstill Marketplace | Michael J. Saucier, Benjamin C. Seeger and Rick Durham | Refinance | 9,600,000 | 30,308 | 0 | 0 |
30 | Loan | | University Village | Jared Brunnabend, Jose Tello and Efren Ales | Refinance | 8,357,500 | 0 | 0 | 0 |
31 | Loan | 52 | 375-383 86th Street | James Pantelidis, George Pantelidis and Peter Pantelidis | Refinance | 8,125,000 | 0 | 0 | 0 |
32 | Loan | | Atlas Signs Portfolio | Dawid Benjamin Swart and Dawie Swart Beleggings Trust IT 3154/11(T) | Acquisition | 5,890,300 | 3,636,205 | 0 | 33,272 |
32.01 | Property | | Atlas Signs Riviera Beach | | | | | | |
32.02 | Property | | Atlas Signs Concord | | | | | | |
33 | Loan | | 8-10 Main Street | James Pantelidis, George Pantelidis and Peter Pantelidis | Refinance | 5,125,000 | 0 | 0 | 0 |
34 | Loan | | WAG Willmar | Michael Zacharias | Acquisition | 4,000,000 | 2,829,618 | 0 | 31,272 |
35 | Loan | 53 | Railroad San Mateo | Neal Yung | Refinance | 3,250,000 | 0 | 0 | 0 |
Control Number | Loan / Property Flag | Footnotes | Property Name | Cash Management Triggers | Ground Lease Y/N |
1 | Loan | 8 | Diamondback Industrial Portfolio 2 | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.10x, (iii) the occurrence of a New Mezzanine Loan Default, (iv) the occurrence of a Lease Sweep Period | |
1.01 | Property | | Nestle - Breinigsville | | No |
1.02 | Property | 9 | Amazon - Charleston | | Yes |
1.03 | Property | | Home Depot - Winchester | | No |
2 | Loan | 8, 10, 11 | 250 Livingston | (i) the occurrence of an Event of Default, (ii) Debt Yield is less than 7.0%, (iii) the occurrence of a Specified Tenant Trigger Period | No |
3 | Loan | 8, 12, 13, 14, 15 | Waterfront Plaza | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x, (iii) the occurrence of a New Mezzanine Loan (iv) the occurrence of a Lease Sweep Period | Yes |
4 | Loan | 8, 16, 17, 18 | 101 California Street | (i) the occurrence of an Event of Default, (ii) Debt Yield is less than 6.0%, (iii) failure to deliver financial statements as required in the Loan Agreement | No |
5 | Loan | 8, 19, 20, 21, 22, 23, 24 | Moffett Towers II Building V | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.40x, (iii) the Anticipated Repayment Date, (iv) the occurrence of a Lease Sweep Period, (v) the occurrence of a New Mezzanine Loan Default | No |
6 | Loan | 8, 25 | 59 Maiden Lane | (i) the occurrence of an Event of Default, (ii) Debt Yield is less than 7.0%, (iii) the occurrence of a Specified Tenant Trigger Period | No |
7 | Loan | 8, 26, 27, 28, 29, 30, 31 | Newport Corporate Center | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x, (iii) the occurrence of a Lease Sweep Period, (iv) the occurrence of the Anticipated Repayment Date | No |
8 | Loan | 8 | Western Digital R&D Campus | (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 |
9 | Loan | 8, 32, 33 | ARC Apartments | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x | No |
10 | Loan | 8, 34, 35, 36 | Waterford Lakes Town Center | (i) the occurrence of an Event of Default, (ii) Debt Yield is less than 8.25%, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) the occurrence of a Major Tenant Reserve Period | No |
11 | Loan | 37, 38 | 159 Canal Street | (i) the occurrence of an Event of Default, (ii) Debt Yield is less than 6.0%, (iii) the occurrence of a New Mezzanine Loan Event of Default, (iv) failure to deliver financial statements as required in the Loan Agreement, (iv) the occurrence of a Critical Tenant Trigger Event | No |
12 | Loan | | Nitya Tower | (i) the occurrence of an Event of Default, (ii) Debt Yield is less than 8.0%, (iii) failure to deliver financial statements as required in the Loan Agreement | No |
13 | Loan | 39 | MGBW Portfolio | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x, (iii) the commencement of a Lease Sweep Period, (iv) the commencement of New Mezzanine Loan Default | |
13.01 | Property | | NCDC | | No |
13.02 | Property | | Main Plant | | No |
13.03 | Property | | MGBW TOO | | No |
13.04 | Property | | OMF | | No |
14 | Loan | 8, 10 | Diamondback Industrial Portfolio 1 | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.10x, (iii) the occurrence of a New Mezzanine Loan Default, (iv) the occurrence of a Lease Sweep Period | |
14.01 | Property | | TJ Maxx - Philadelphia | | No |
14.02 | Property | | Amazon - West Columbia | | No |
14.03 | Property | | FedEx Ground - Menomonee Falls | | No |
15 | Loan | 8, 40, 41, 42 | 57 East 11th Street | (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 |
16 | Loan | 43 | Restoration Hardware Palm Beach | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.35x, (iii) the occurrence of a Mezzanine Trigger Period, (iv) the occurrence of a Lease Sweep Period | No |
17 | Loan | 44, 45 | Pecos North 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, (iv) the occurrence of a Rollover Trigger Event, (v) the occurrence of an Improvements Agreement Trigger Event, (vi) the occurrence of a Surety Indemnity Agreement Trigger Event | No |
18 | Loan | | 60 Greene Street | (i) the occurrence of an Event of Default, (ii) Debt Yield is less than 6.25%, (iii) the occurrence of a Specified Tenant Trigger Period | No |
19 | Loan | | Plantation Point | (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, (iv) the occurrence of a Critical Tenant Trigger Event | No |
20 | Loan | 46 | 700 Tech Court | (i) the occurrence of an Event of Default, (ii) commencing with the fiscal quarter beginning April 1, 2020, DSCR is less than 1.25x, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) the occurrence of a Critical Tenant Trigger Event | No |
21 | Loan | 47 | Hampton Inn - Phoenix East Mesa | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x, (iii) the occurrence of a Franchise Agreement Trigger Period, (iv) the occurrence of a Franchise Renewal Trigger Event, (v) any bankruptcy or similar insolvency of Manager | No |
22 | Loan | | Onset Building | (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 |
23 | Loan | 48 | Fairfield Inn & Suites Rehoboth Beach | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.30x | No |
24 | Loan | 8, 49, 50 | Green Hills Corporate Center | (i) the occurrence of an Event of Default, (ii) Debt Yield is less than 8.0%, (iii) the occurrence of a Specified Tenant Trigger Period, (iv) the continuation of any of the Penske Deferred Tenant Allowance Tenant Trigger Period and the HVAC Payment Trigger Period, (v) a period beginning 24 months prior to the maturity date, unless on or prior to such date, there has been an Approved Penske Lease Extension or Penske has exercised the renewal option set forth in the Penske Lease | No |
25 | Loan | | Shoppes of Schererville | (i) the occurrence of an Event of Default, (ii) Debt Yield is less than 8.75%, (iii) the occurrence of a Specified Tenant Trigger Period | No |
26 | Loan | | South Carolina Storage Portfolio | (i) the occurrence of an Event of Default, (ii) Debt Yield is less than 7.5% | |
26.01 | Property | | Summit Self Storage | | No |
26.02 | Property | | Riverchase Self Storage | | No |
27 | Loan | | Wilderness Village Center | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x, (iii) the occurrence of a Mezzanine Trigger Period, (iv) the occurrence of a Lease Sweep Period | No |
28 | Loan | 51 | Hampton Inn - Pembroke Pines | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x, (iii) the occurrence of a Franchise Agreement Trigger Period, (iv) the occurrence of a Franchise Renewal Trigger Event, (v) any bankruptcy or similar insolvency of Manager | No |
29 | Loan | | Copperstill Marketplace | (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, (iv) the commencement of a Rollover Tenant Trigger Event | No |
30 | Loan | | University Village | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.55x, (iii) failure to deliver financial statements as required in the Loan Agreement | No |
31 | Loan | 52 | 375-383 86th Street | (i) the occurrence of an Event of Default, (ii) Debt Yield is less than 6.5%, (iii) the occurrence of a Specified Tenant Trigger Period | No |
32 | Loan | | Atlas Signs Portfolio | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.25x, (iii) EBITDAR is less than 2.00x, (iv) the occurrence of a Specified Tenant Trigger Period | |
32.01 | Property | | Atlas Signs Riviera Beach | | No |
32.02 | Property | | Atlas Signs Concord | | No |
33 | Loan | | 8-10 Main Street | (i) the occurrence of an Event of Default, (ii) Debt Yield is less than 6.5%, (iii) the occurrence of a Specified Tenant Trigger Period | No |
34 | Loan | | WAG Willmar | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.25x, (iii) the occurrence of a Specified Tenant Trigger Period | No |
35 | Loan | 53 | Railroad San Mateo | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.25x, (iii) the occurrence of a Specified Tenant Trigger Period, (iv) the occurrence of Renewal Trigger Event | No |
Control Number | Loan / Property Flag | Footnotes | Property Name | Ground Lease Expiration Date | Annual Ground Lease Payment ($) | Cut-off Date Pari Passu Companion Loan Balance ($) | Cut-off Date Subordinate Companion Loan Balance ($) | Subordinate Companion Loan Interest Rate | Cut-off Date Mezzanine Debt Balance ($) | Terrorism Insurance Required | Franchise Agreement Expiration | Control Number |
1 | Loan | 8 | Diamondback Industrial Portfolio 2 | | | | 61,000,000 | 3.56500% | | Yes | NAP | 1 |
1.01 | Property | | Nestle - Breinigsville | | | | | | | Yes | NAP | 1.01 |
1.02 | Property | 9 | Amazon - Charleston | 12/31/2021 | 0 | | | | | Yes | NAP | 1.02 |
1.03 | Property | | Home Depot - Winchester | | | | | | | Yes | NAP | 1.03 |
2 | Loan | 8, 10, 11 | 250 Livingston | | | 50,000,000 | | | | Yes | NAP | 2 |
3 | Loan | 8, 12, 13, 14, 15 | Waterfront Plaza | 12/31/2060 | 2,928,000 | 49,908,449 | | | | Yes | NAP | 3 |
4 | Loan | 8, 16, 17, 18 | 101 California Street | | | 454,500,000 | 228,000,000 | 4.94773026% | | Yes | NAP | 4 |
5 | Loan | 8, 19, 20, 21, 22, 23, 24 | Moffett Towers II Building V | | | 107,500,000 | 125,000,000 | 5.90000% | | Yes | NAP | 5 |
6 | Loan | 8, 25 | 59 Maiden Lane | | | 150,000,000 | | | | Yes | NAP | 6 |
7 | Loan | 8, 26, 27, 28, 29, 30, 31 | Newport Corporate Center | | | 114,000,000 | 148,000,000 | 5.49695945945946% | | Yes | NAP | 7 |
8 | Loan | 8 | Western Digital R&D Campus | | | 38,000,000 | | | | Yes | NAP | 8 |
9 | Loan | 8, 32, 33 | ARC Apartments | | | 60,000,000 | 92,000,000 | 5.49130434782609% | | Yes | NAP | 9 |
10 | Loan | 8, 34, 35, 36 | Waterford Lakes Town Center | | | 144,661,366 | | | | Yes | NAP | 10 |
11 | Loan | 37, 38 | 159 Canal Street | | | | | | | Yes | NAP | 11 |
12 | Loan | | Nitya Tower | | | | | | | Yes | NAP | 12 |
13 | Loan | 39 | MGBW Portfolio | | | | | | | Yes | NAP | 13 |
13.01 | Property | | NCDC | | | | | | | Yes | NAP | 13.01 |
13.02 | Property | | Main Plant | | | | | | | Yes | NAP | 13.02 |
13.03 | Property | | MGBW TOO | | | | | | | Yes | NAP | 13.03 |
13.04 | Property | | OMF | | | | | | | Yes | NAP | 13.04 |
14 | Loan | 8, 10 | Diamondback Industrial Portfolio 1 | | | 50,000,000 | 60,250,000 | 3.56500% | | Yes | NAP | 14 |
14.01 | Property | | TJ Maxx - Philadelphia | | | | | | | Yes | NAP | 14.01 |
14.02 | Property | | Amazon - West Columbia | | | | | | | Yes | NAP | 14.02 |
14.03 | Property | | FedEx Ground - Menomonee Falls | | | | | | | Yes | NAP | 14.03 |
15 | Loan | 8, 40, 41, 42 | 57 East 11th Street | | | 35,000,000 | | | | Yes | NAP | 15 |
16 | Loan | 43 | Restoration Hardware Palm Beach | | | | | | | Yes | NAP | 16 |
17 | Loan | 44, 45 | Pecos North Industrial | | | | | | | Yes | NAP | 17 |
18 | Loan | | 60 Greene Street | | | | | | | Yes | NAP | 18 |
19 | Loan | | Plantation Point | | | | | | | Yes | NAP | 19 |
20 | Loan | 46 | 700 Tech Court | | | | | | | Yes | NAP | 20 |
21 | Loan | 47 | Hampton Inn - Phoenix East Mesa | | | | | | | Yes | 1/31/2036 | 21 |
22 | Loan | | Onset Building | | | | | | | Yes | NAP | 22 |
23 | Loan | 48 | Fairfield Inn & Suites Rehoboth Beach | | | | | | | Yes | 3/1/2035 | 23 |
24 | Loan | 8, 49, 50 | Green Hills Corporate Center | | | 50,000,000 | | | | Yes | NAP | 24 |
25 | Loan | | Shoppes of Schererville | | | | | | | Yes | NAP | 25 |
26 | Loan | | South Carolina Storage Portfolio | | | | | | | Yes | NAP | 26 |
26.01 | Property | | Summit Self Storage | | | | | | | Yes | NAP | 26.01 |
26.02 | Property | | Riverchase Self Storage | | | | | | | Yes | NAP | 26.02 |
27 | Loan | | Wilderness Village Center | | | | | | | Yes | NAP | 27 |
28 | Loan | 51 | Hampton Inn - Pembroke Pines | | | | | | | Yes | 9/30/2033 | 28 |
29 | Loan | | Copperstill Marketplace | | | | | | | Yes | NAP | 29 |
30 | Loan | | University Village | | | | | | | Yes | NAP | 30 |
31 | Loan | 52 | 375-383 86th Street | | | | | | | Yes | NAP | 31 |
32 | Loan | | Atlas Signs Portfolio | | | | | | | Yes | NAP | 32 |
32.01 | Property | | Atlas Signs Riviera Beach | | | | | | | Yes | NAP | 32.01 |
32.02 | Property | | Atlas Signs Concord | | | | | | | Yes | NAP | 32.02 |
33 | Loan | | 8-10 Main Street | | | | | | | Yes | NAP | 33 |
34 | Loan | | WAG Willmar | | | | | | | Yes | NAP | 34 |
35 | Loan | 53 | Railroad San Mateo | | | | | | | Yes | NAP | 35 |
Footnotes to Annex A-1 |
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(1) | The Administrative Cost Rate includes the Servicing Fee Rate, the Operating Advisor Fee Rate, the Certificate Administrator/Trustee Fee Rate, the Asset Representations Reviewer Fee Rate and the CREFC® Intellectual Property Royalty License Fee Rate applicable to each Mortgage Loan. |
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(2) | The Monthly Debt Service shown for Mortgage Loans with a partial interest-only period reflects the amount payable after the expiration of the interest-only period. |
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(3) | The open period is inclusive of the Maturity Date or Anticipated Repayment Date. |
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(4) | Underwritten NCF DSCR is calculated based on amortizing debt service payments (except for interest-only loans). |
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(5) | Occupancy reflects tenants that have signed leases, but are not yet in occupancy or may not be paying rent. |
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(6) | The lease expirations shown are based on full lease terms; however, in some instances, the tenant may have the option to terminate its lease prior to the expiration date shown. In addition, in some instances, a tenant may have the right to assign its lease or sublease the leased premises and be released from its obligations under the lease. |
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(7) | If the purpose of the Mortgage Loan was to finance an acquisition of the Mortgaged Property, the field “Principal’s New Cash Contribution” reflects the cash investment by one or more of the equity owners in the borrower in connection with such acquisition. If the purpose of the Mortgage Loan was to refinance the Mortgaged Property, the field “Principal’s New Cash Contribution” reflects the cash contributed to the borrower by one or more of the equity owners at the time the Mortgage Loan was originated. |
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(8) | The Mortgage Loan is part of a whole loan structure. Cut-off Date LTV Ratio, LTV Ratio at Maturity / ARD, Underwritten NCF DSCR, Debt Yield on Underwritten Net Operating Income, Debt Yield on Underwritten Net Cash Flow and Loan Per Unit calculations are based on the Mortgage Loan and any related Pari Passu Companion Loans, but exclude any related Subordinate Companion Loans. |
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(9) | The Amazon - Charleston Mortgaged Property currently receives a tax incentive in the form of a payment in-lieu of taxes (“PILOT”) program. The fee simple title to the Mortgaged Property is vested in the name of The Industrial Development Board of the County of Bradley (“IDB”) and the City of Cleveland, Tennessee (the “Fee Owners”), which ground leases the site to the borrower. Both the fee interest of the Fee Owners and the leasehold interest of the borrower secure the Diamondback Industrial Portfolio 2 Whole Loan. The program, structured as a ground lease, is an agreement by which the property’s developer receives tax abatements over a 10-year period, from tax year 2012 through tax year 2021, in exchange for developing the property and leasing it for occupancy to Amazon. The ground lease has no base rent. Under the PILOT program, 50% of the market level assessment is to be used to calculate the real estate taxes for each tax year through 2021. The term of the ground lease expires on December 31, 2021 but will automatically be extended for consecutive periods of 30 days each, unless the borrower gives written notice to IDB of its intent to either terminate the ground lease or exercise its option to purchase the fee simple interest in the real property for $1. |
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(10) | The lockout period will be at least 25 payment dates beginning with and including the first payment date in July 2019. For the purpose of this prospectus, the assumed lockout period of 25 payment dates is based on the expected GSMS 2019-GC40 securitization closing date in July 2019. The actual lockout period may be longer. |
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(11) | The Mortgaged Property is comprised of 343,486 SF of commercial space and 26,819 SF of residential space consisting of 36 units. Occupancy as of April 1, 2019 is 100.0% for the commercial space and 94.4% based on units for the residential space. |
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(12) | The Cut-off Date LTV Ratio and LTV Ratio at Maturity / ARD are calculated using the As Stabilized Appraised Value of $170,000,000. The Cut-off Date LTV Ratio and LTV Ratio at Maturity / ARD calculated based on the “as-is” Appraised Value of $157,500,000 is 79.2% and 58.1%, respectively. |
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(13) | The Ongoing TI/LC Reserve is equal to (a) on each monthly due date from July 2019 through June 2020, an amount equal to $79,237.96, (b) on each monthly due date from July 2020 through June 2021, an amount equal to $113,197.08, (c) on each monthly due date from July 2021 through June 2024, an amount equal to $67,918.25, (d) on each monthly due date from July 2024 through June 2026, an amount equal to $56,598.54 and (e) on each monthly due date from July 2026 through June 2029, an amount equal to $33,959.13, subject to a cap of $2,445,057. The TI/LC Cap is inclusive of $151,088 of the Upfront TI/LC Reserve allocated to general leasing obligations but is exclusive of $4,447,079 of the Upfront TI/LC Reserve allocated to outstanding approved leasing expenses). |
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(14) | The Mortgaged Property consists of 543,346 SF and is comprised of 388,401 SF (71.5%) of office space, 99,801 SF (18.4%) of medical office space, 25,489 SF (4.7%) of retail space and 25,242 SF (4.6%) of restaurant space, with the remaining SF (0.8%) utilized as storage space. Income from office space is approximately 67.2% of effective gross revenue, income from medical office space is approximately 20.5% of effective gross revenue, income from restaurant space is approximately 6.7% of effective gross income and income from retail space is approximately 5.1% of effective gross revenue. |
(15) | The Largest Tenant, Hawaii Pacific University (“HPU”), representing approximately 18.2% of the net rentable area at the Mortgaged Property, is not yet in occupancy. The space leased by HPU is occupied by other tenants, and HPU is expected to take occupancy of 89,281 SF (90.1%) of its leased space beginning July 1, 2019 and the remaining 9,777 SF once the existing tenant moves out. The HPU lease commences on July 1, 2019, and provides for seven months of free rent. At origination, the borrower reserved approximately $1,418,088 for free and gap rent for HPU and other tenants at the Mortgaged Property. |
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(16) | The 101 California Street Whole Loan was co-originated by Goldman Sachs Mortgage Company and JPMorgan Chase Bank, National Association on February 25, 2019. |
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(17) | The Mortgaged Property consists of a 48-story high-rise office tower, a seven-story annex building of approximately 200,000 SF, a two-story subterranean parking garage and approximately 23,000 SF of retail space. |
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(18) | Occupancy of 92.1% assumes one tenant, Kasowitz LLP, is in occupancy of Suite 3000 (8,375 SF, $68.00 per SF). Kasowitz LLP is currently in occupancy of Suite 2300 (25,663 SF, $43.71 per SF) (excluded from underwriting) and is anticipated to move to Suite 3000. Kasowitz LLP has executed a lease for Suite 3000 but has not yet taken occupancy or begun paying rent. Kasowitz LLP is anticipated to take occupancy and begin paying rent in July 2019. We cannot assure you that this tenant will take occupancy or pay rent as anticipated or at all. |
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(19) | The Moffett Towers II Building V Whole Loan was co-originated by Goldman Sachs Bank USA and Deutsche Bank AG, New York Branch on March 8, 2019. |
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(20) | Commencing on the Anticipated Repayment Date, the interest rate increases to (i) 4.025882353% plus the positive difference between (x) the Adjusted Blended Interest Rate and (y) 4.82%, for the Moffett Towers II Building V Senior Loans, (ii) 5.66% plus the positive difference between (x) the Adjusted Blended Interest Rate and (y) 4.82%, for the Moffett Towers II Building V Senior Subordinate Loans, and (iii) 6.41% plus the positive difference between (x) the Adjusted Blended Interest Rate and (y) 4.82%, for the Moffett Towers II Building V Junior Subordinate Loans. “Adjusted Blended Interest Rate” means a rate per annum equal to the greater of (i) 6.32% and (ii) the rate for U.S. dollar swaps with a 10-year maturity, as of two business days prior to the Anticipated Repayment Date plus 150 basis points. |
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(21) | Cut-off Date Subordinate Companion Loan Balance and Subordinate Companion Loan Interest Rate each include information relating to both the Moffett Towers II Building V Senior Subordinate Loans and Moffett Towers II Building V Junior Subordinate Loans. The Cut-off Date Subordinate Companion Loan Balance and Subordinate Companion Loan Interest Rate for the Moffett Towers II Building V Senior Subordinate Loans are $85,000,000 and 5.66%, respectively. The Cut-off Date Subordinate Companion Loan Balance and Subordinate Companion Loan Interest Rate for the Moffett Towers II Building V Junior Subordinate Loans are $40,000,000 and 6.41%, respectively. |
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(22) | The Cut-off Date LTV Ratio and LTV Ratio at Maturity / ARD are calculated utilizing the “prospective stabilized” Appraised Value of $400,000,000. The Cut-off Date LTV Ratio and LTV Ratio at Maturity / ARD calculated based on the “as-is” Appraised Value of $365,000,000 are both 46.6%. |
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(23) | The Moffett Towers II Building V property is part of the Moffett Towers II Campus. The campus shares 59,648 SF of common area amenities, of which 11,930 SF were allocated to the Moffett Towers II Building V property. These 11,930 SF are not included in the collateral. |
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(24) | The sole tenant, Facebook, has taken possession of its space and is currently constructing its interior improvements. Facebook is currently in a free rent period through and including August 2019. Facebook is anticipated to take occupancy in August 2019 and begin paying rent in September 2019. We cannot assure you that this tenant will take occupancy or begin paying rent as anticipated or at all. |
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(25) | The Ongoing TI/LC Reserve amount is initially $0. Commencing with the Due Date occurring in March 2020, the borrower is required to make monthly deposits of $1,000,000 into a specified tenant renewal reserve account until the balance of the specified tenant renewal reserve account reaches $18,000,000. |
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(26) | The Newport Corporate Center Whole Loan was co-originated by Deutsche Bank AG, New York Branch and Wells Fargo Bank, National Association on April 10, 2019. |
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(27) | From and after the Anticipated Repayment Date, each note accrues interest at a fixed rate that is equal to the sum of (i) 2.50000000% plus (ii) the greater of (a) the initial interest rate applicable to such note and (b) the sum of (1) the 10 year yield for the United States Treasury Note as displayed on Reuters Capital Markets 19901 as of the Anticipated Repayment Date (or the preceding business day if the Anticipated Repayment Date is not a business day), plus (2) (A) with respect to each Newport Corporate Center senior note (including the Newport Corporate Center Mortgage Loan), 1.04323171%, (B) with respect to each B-Note, 2.12500000%, (C) with respect to each C-Note, 2.45000000% and (D) with respect to each D-Note, 4.00000000%. |
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(28) | The Cut-off Date Subordinate Companion Loan Balance is inclusive of $18,000,000 of B notes with an interest rate of 4.625%, $74,000,000 of C notes with an interest rate of 4.95% and $56,000,000 of D notes with an interest rate of 6.50%. |
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(29) | The Upfront TI/LC Reserve can also be used for capital expenditures. |
(30) | The Replacement Reserve Cap excludes the upfront deposit. |
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(31) | The Largest Tenant, T-Mobile, representing approximately 92.1% of the net rentable area at the Mortgaged Property, (i) is currently in free rent periods with respect to 7.6% of its space, (ii) will have various free rent periods with respect to 88.9% of its space until December 2020, and (iii) is entitled to free rent totaling $21,807,139 from origination. At origination, the borrower reserved $21,807,139 with respect to T-Mobile free rent. |
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(32) | The ARC Apartments Whole Loan was co-originated by Citi Real Estate Funding Inc. and Deutsche Bank AG, New York Branch on February 8, 2019. |
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(33) | The Whole Loan is structured with $92,000,000 of subordinate debt which consists of an A2 Note with an original principal balance equal to $47,000,000 and a B Note with an original principal balance equal to $45,000,000. The A2 Note is full term interest only with a 5.10000% interest rate and co-terminous with the senior mortgage loan. The B Note is full term interest only with a 5.90000% interest rate and is co-terminous with the senior mortgage loan. |
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(34) | The Waterford Lakes Town Center Whole Loan was co-originated by Goldman Sachs Bank USA and Bank of America, N.A. on April 16, 2019. |
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(35) | The lockout period will be at least 26 payment dates beginning with and including the first payment date in June 2019. For the purpose of this prospectus, the assumed lockout period of 26 payment dates is based on the expected GSMS 2019-GC40 securitization closing date in July 2019. The actual lockout period may be longer. |
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(36) | Occupancy of 98.9% includes one tenant, Express Fashions (9,100 SF, representing approximately 1.3% of the owned net rentable area), which has executed a lease but has not yet taken occupancy or begun paying rent. Express Fashions is anticipated to take occupancy and begin paying rent in August 2019. We cannot assure you that this tenant will take occupancy or pay rent as anticipated or at all. |
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(37) | Occupancy of 76.4% includes one tenant, Cathay Bank (2,380 SF, $267.43 per SF), which has executed a lease but has not yet taken occupancy or begun paying rent. Cathay Bank is anticipated to take occupancy in September 2019 and begin paying rent in June 2019. We cannot assure you that this tenant will take occupancy or begin paying rent as anticipated or at all. |
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(38) | The Mortgage Loan documents allow for and the borrower sponsor intends to convert a portion of the 159 Canal Street Mortgaged Property into one or more condominium units. See “Risk Factors—Risks Relating to the Mortgage Loans—Condominium Ownership May Limit Use and Improvements” in the Preliminary Prospectus. |
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(39) | The sole tenant at the MGBW Portfolio Mortgaged Properties pays rent under its lease on a quarterly basis. For so long as the tenant pays rent to the borrower on a quarterly basis, a quarterly rent reserve is required to be maintained to hold such full quarterly rent payments. An amount necessary to fund all outstanding reserves and pay monthly debt service on the MGBW Portfolio Loan for the month in which the quarterly rent payment is made (the “Monthly Required Payment Amount”) is applied to such outstanding reserves and monthly debt service for such month, an amount equal to two times the Monthly Required Payment Amount is held in a quarterly rent reserve account (to be applied on the next two succeeding monthly payment dates) and the excess is disbursed to the borrower, provided no trigger period is then continuing. |
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(40) | The Cut-off Date LTV Ratio and LTV Ratio at Maturity / ARD are calculated based on the As Stabilized Appraised Value of $92,000,000 as of February 1, 2020 which assumes the completion of the sole tenant’s buildout at the 57 East 11th Street property. On the origination date of the 57 East 11th Street Whole Loan, the borrower sponsors reserved $6,137,500 for outstanding tenant improvements, $2,319,700 for free rent and $600,108 for outstanding leasing commissions related to the sole tenant, WeWork. The Cut-off Date LTV Ratio and LTV Ratio at Maturity / ARD, calculated based on the “as-is” Appraised Value of $76,000,000 as of January 29, 2019, are both 72.4%. |
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(41) | At origination, the borrower deposited $2,319,700 of free rent for the sole tenant, WeWork, into the Upfront Other Reserve account. If the borrower fails to deliver evidence to the lender on or before the Due Date in November 2019 that WeWork rent commencement will occur on or before the Due Date in November 2019, the borrower is then required to deposit an amount equal to $2,783,640 for free rent into the Ongoing Other Reserve account on the Due Date in November 2019 and on the Due Date every six months thereafter until the WeWork rent commencement occurs. |
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(42) | The sole tenant, WeWork, is expected to complete its build out, take occupancy and commence paying rent in October 2019. On the origination date of the 57 East 11th Street Whole Loan, the borrower sponsors reserved $6,137,500 for outstanding tenant improvements, $2,319,700 for free rent and $600,108 for outstanding leasing commissions related to WeWork. |
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(43) | Underwritten Net Operating Income includes $732,218 of percentage rent from the sole tenant, Restoration Hardware. |
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(44) | On each Due Date, if and to the extent the amount contained in the TI/LC reserve account is less than $265,000, the borrower is required to deposit into the TI/LC reserve account an Ongoing TI/LC Reserve amount equal to $7,329.54. |
(45) | The Largest Tenant, M Tech, has 100,909 SF of space expiring on October 31, 2024 and 5,000 SF of space expiring on October 1, 2021. |
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(46) | The sole tenant, Charlotte’s Web, is finalizing plans for its improvements and has not yet taken occupancy or begun paying rent. Charlotte’s Web is anticipated to take occupancy by the end of 2019, is obligated to commence paying partial rent in March 2020 and full rent in September 2020. We cannot assure you that this tenant will take occupancy or begin paying rent as anticipated or at all. At origination of the Mortgage Loan, the borrower reserved approximately $5,985,531 with respect to the related tenant improvement allowance, free rent and leasing commissions. |
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(47) | On each Due Date, the borrower is required to deposit into the Ongoing Replacement Reserve the greater of (A) the amount required under the then-existing franchise agreement and (B) an amount equal to (i) commencing on the First Due Date through the Due Date in June 2021, 1/12th of 2.0% of the greater of (x) gross revenues for the preceding calendar year and (y) projected annual gross revenues for the calendar year in which such Due Date occurs as set forth in the approved annual budget, (ii) commencing on the Due Date in July 2021 and ending on and including the Due Date in June 2022, 1/12th of 3.0% of the greater of (x) gross revenues for the preceding calendar year and (y) projected annual gross revenues for the calendar year in which such Due Date occurs as set forth in the approved annual budget, and (iii) commencing on the Due Date in July 2022 and ending on and each Due Date thereafter, 1/12th of 4.0% of the greater of (x) gross revenues for the preceding calendar year and (y) projected annual gross revenues for the calendar year in which such Due Date occurs as set forth in the approved annual budget. |
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(48) | An Upfront Other Reserve includes a Seasonal Working Capital Reserve of $70,000 and the Ongoing Other Reserve of $45,000 is required to be collected on each monthly payment date during the seven months of May through November each year during the loan term. |
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(49) | At origination, the borrower deposited $1,109,161 into the HVAC Reserve. On a monthly basis while an HVAC Payment Trigger Period is continuing, the borrower is required to deposit all excess cash flow (if applicable, after payment of the deposit to the Penske Deferred Tenant Allowance reserve) into a reserve for the costs of the required HVAC work. On or before March 31, 2022, the borrower is required to deposit an amount equal to the amount needed to cause the balance in the HVAC account to equal $9,610,000 (as such amount may be adjusted based on the actual contract signed by the borrower to perform the HVAC work). In addition, at origination, the borrower deposited $802,500 into the Penske Deferred Tenant Allowance Reserve. On a monthly basis during (i) a Penske Deferred Tenant Allowance Payment Trigger Period while an HVAC Payment Trigger Period is continuing, the borrower is required to deposit an amount equal to $221,347, (ii) a Penske Deferred Tenant Allowance Payment Trigger Period when no HVAC Payment Trigger Period is continuing, the borrower is required to deposit all excess cash flow and (iii) on or before January 15, 2021, the borrower is required to deposit an amount equal to the amount needed to cause the balance in the Penske Deferred Tenant Allowance account to equal $5,229,440. |
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(50) | The Largest Tenant, Penske, currently subleases 58,867 SF directly from the Second Largest Tenant, Worley Parsons, through March 2022 located in Phase I at the Mortgaged Property. Penske pays a blended rent of $13.74 per SF to Worley Parsons via the sublease and has the option to terminate the sublease effective on December 31, 2020 with 90 days’ notice and a termination fee of $810,939. Pursuant to the 18th amendment to Penske’s lease, Penske has agreed to absorb the 150,668 SF currently occupied by Worley Parsons upon the earlier of (i) Worley Parsons vacating their space via an early termination or (ii) Worley Parsons’ lease expiration of March 31, 2022. |
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(51) | On each Due Date, the borrower is required to deposit into the Ongoing Replacement Reserve the greater of (A) the amount required under the then-existing franchise agreement and (B) an amount equal to (i) commencing on the First Due Date through the Due Date in May 2021, 1/12th of 2.0% of the greater of (x) gross revenues for the preceding calendar year and (y) projected annual gross revenues for the calendar year in which such Due Date occurs as set forth in the approved annual budget, (ii) commencing on the Due Date in June 2021 and ending on and including the Due Date in May 2023, 1/12th of 3.0% of the greater of (x) gross revenues for the preceding calendar year and (y) projected annual gross revenues for the calendar year in which such Due Date occurs as set forth in the approved annual budget, and (iii) commencing on the Due Date in June 2023 and ending on and each Due Date thereafter, 1/12th of 4.0% of the greater of (x) gross revenues for the preceding calendar year and (y) projected annual gross revenues for the calendar year in which such Due Date occurs as set forth in the approved annual budget. |
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(52) | The Mortgaged Property is comprised of 15,250 SF of commercial space and 16,400 SF of residential space consisting of 22 units. Occupancy as of April 30, 2019 is 100.0% for the commercial space and 95.5% based on units for the residential space. |
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(53) | Commencing on the Due Date in June 2021, the borrower is required to deposit $1,129 into the TI/LC reserve account subject to a $40,644 cap. |