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Control Number | Loan / Property Flag | Footnotes | Property Name | Originator | Mortgage Loan Seller | Related Group | Crossed Group | Address | City | State | Zip Code | General Property Type | Detailed Property Type | Year Built |
1 | Loan | 8, 9, 10, 11, 12, 13, 14 | 1633 Broadway | GSBI, JPMCB, DBRI, WFB | GSMC | NAP | NAP | 1633 Broadway | New York | New York | 10019 | Office | CBD | 1972 |
2 | Loan | 8, 15, 16, 17, 18 | Moffett Towers Buildings A, B & C | GSBI, DBRI, JPMCB | GSMC | NAP | NAP | | | | | | | |
2.01 | Property | | Moffett Towers Building B | | | | | 1020 Enterprise Way | Sunnyvale | California | 94089 | Office | Suburban | 2008 |
2.02 | Property | | Moffett Towers Building C | | | | | 1050 Enterprise Way | Sunnyvale | California | 94089 | Office | Suburban | 2008 |
2.03 | Property | | Moffett Towers Building A | | | | | 1000 Enterprise Way | Sunnyvale | California | 94089 | Office | Suburban | 2008 |
3 | Loan | 8, 19, 20, 21, 22 | 711 Fifth Avenue | GSBI, BANA | GSMC | NAP | NAP | 711 5th Avenue | New York | New York | 10022 | Mixed Use | Office/Retail | 1927 |
4 | Loan | 23, 24, 25 | Saban Self Storage Portfolio | GSBI | GSMC | NAP | NAP | | | | | | | |
4.01 | Property | | StorQuest-Reno/Double R | | | | | 10815 Double R Boulevard | Reno | Nevada | 89521 | Self Storage | Self Storage | 2005 |
4.02 | Property | | StorQuest-Sarasota/Clark | | | | | 4625 Clark Road | Sarasota | Florida | 34233 | Self Storage | Self Storage | 2003 |
4.03 | Property | | StorQuest-Claremont/Baseline | | | | | 454 West Baseline Road | Claremont | California | 91711 | Self Storage | Self Storage | 1992 |
4.04 | Property | | StorQuest-Stockton/March | | | | | 1840 East March Lane | Stockton | California | 95210 | Self Storage | Self Storage | 2007 |
4.05 | Property | | StorQuest-Bradenton/Manatee | | | | | 2830 Manatee Avenue East | Bradenton | Florida | 34208 | Self Storage | Self Storage | 2003 |
4.06 | Property | | StorQuest-Friendswood/W Bay Area | | | | | 2300 West Bay Area Boulevard | Friendswood | Texas | 77546 | Self Storage | Self Storage | 1999 |
4.07 | Property | | StorQuest-Louisville/Lock | | | | | 1200 Lock Street | Louisville | Colorado | 80027 | Self Storage | Self Storage | 1996, 1998, 2007, 2010 |
4.08 | Property | | StorQuest-Loma Linda/Mountain View | | | | | 11105 Mountain View Avenue | Loma Linda | California | 92354 | Self Storage | Self Storage | 1979 |
4.09 | Property | | StorQuest-Manitou Springs/Higginbotham | | | | | 125 Higginbotham Road | Manitou Springs | Colorado | 80829 | Self Storage | Self Storage | 2000 |
4.10 | Property | | StorQuest-Dallas/Shady Trail | | | | | 10317 Shady Trail | Dallas | Texas | 75220 | Self Storage | Self Storage | 1998 |
4.11 | Property | | StorQuest-Dallas/Denton | | | | | 10333 Denton Drive | Dallas | Texas | 75220 | Self Storage | Self Storage | 1984 |
4.12 | Property | | StorQuest-El Paso/Montwood | | | | | 10966 Montwood Drive | El Paso | Texas | 79935 | Self Storage | Self Storage | 1982 |
4.13 | Property | | StorQuest-Fort Worth/Normandale | | | | | 9250 North Normandale Street | Fort Worth | Texas | 76116 | Self Storage | Self Storage | 1985 |
5 | Loan | 8, 10, 26, 27 | 650 Madison Avenue | CREFI, GSBI, BCREI, BMO | GSMC | NAP | NAP | 650 Madison Avenue | New York | New York | 10022 | Mixed Use | Office/Retail | 1957, 1987 |
6 | Loan | 28, 29 | Chicagoland Industrial Portfolio | CREFI | CREFI | NAP | NAP | | | | | | | |
6.01 | Property | | 26051 South Cleveland | | | | | 26051 South Cleveland Avenue | Monee | Illinois | 60449 | Industrial | Warehouse/Distribution | 2019 |
6.02 | Property | | 180 Ryan Drive | | | | | 180 Ryan Drive | Hampshire | Illinois | 60140 | Industrial | Warehouse/Distribution | 2020 |
6.03 | Property | | 119 East Commerce | | | | | 119 Commerce Drive | Schaumburg | Illinois | 60173 | Industrial | Warehouse/Distribution | 1995 |
6.04 | Property | | 2405 West Haven | | | | | 2405 West Haven Avenue | New Lenox | Illinois | 60451 | Industrial | Warehouse/Distribution | 2018 |
6.05 | Property | | 201 Flannigan | | | | | 201 Flannigan Road | Hampshire | Illinois | 60140 | Industrial | Warehouse/Distribution | 2015 |
6.06 | Property | | 3415 Ohio Avenue | | | | | 3415 Ohio Avenue | St. Charles | Illinois | 60174 | Industrial | Warehouse/Distribution | 1979 |
6.07 | Property | | 7850 Grant Street | | | | | 7850 Grant Street | Burr Ridge | Illinois | 60527 | Industrial | Flex | 1992 |
6.08 | Property | | 9501 Winona | | | | | 9501 Winona Avenue | Schiller Park | Illinois | 60176 | Industrial | Warehouse/Distribution | 1976 |
7 | Loan | 8, 30, 31, 32, 33, 34 | City National Plaza | GSBI, MSBNA | GSMC | NAP | NAP | 515-555 South Flower Street | Los Angeles | California | 90071 | Office | CBD | 1971 |
8 | Loan | 8, 35, 36, 37, 38, 39, 40 | 555 10th Avenue | CREFI | CREFI | NAP | NAP | 555 10th Avenue | New York | New York | 10018 | Multifamily | High-Rise | 2017 |
9 | Loan | 41, 42 | 297 North 7th & 257 15th Street | CREFI | CREFI | NAP | NAP | | | | | | | |
9.01 | Property | | 297 North 7th Street | | | | | 297-299 North 7th Street | Brooklyn | New York | 11211 | Mixed Use | School/Warehouse | 1992, 2014 |
9.02 | Property | | 257 15th Street | | | | | 257 15th Street | Brooklyn | New York | 11215 | Mixed Use | Office/Multifamily | 2002 |
10 | Loan | 43 | PNC Center | CREFI | CREFI | NAP | NAP | 201 East 5th Street | Cincinnati | Ohio | 45202 | Office | CBD | 1979 |
11 | Loan | 44 | 1427 7th Street | GSBI | GSMC | NAP | NAP | 1427 7th Street | Santa Monica | California | 90401 | Multifamily | Mid-Rise | 2013 |
12 | Loan | 45, 46, 47 | Grand Street Plaza | CREFI | CREFI | NAP | NAP | 140 & 150 Grand Street | White Plains | New York | 10601 | Office | Suburban | 1962, 1990 |
13 | Loan | | 630 Roseville | CREFI | CREFI | NAP | NAP | 630 Roseville Parkway | Roseville | California | 95747 | Mixed Use | Office/R&D/Laboratory | 1990 |
14 | Loan | | Hawthorne Gate | GSBI | GSMC | Group 1 | NAP | 17 Hawthorne Gate Drive | Washington Township | Ohio | 45458 | Multifamily | Garden | 2019 |
15 | Loan | | Lakeside Flats | GSBI | GSMC | NAP | NAP | 16255 Kenyon Avenue | Lakeville | Minnesota | 55044 | Multifamily | Mid-Rise | 2019 |
16 | Loan | 8, 48, 49, 50 | PCI Pharma Portfolio | GSBI | GSMC | NAP | NAP | | | | | | | |
16.01 | Property | 51 | 3001 Red Lion Road | | | | | 3001 Red Lion Road | Philadelphia | Pennsylvania | 19114 | Industrial | R&D/Flex | 1954 |
16.02 | Property | | 4536 & 4545 Assembly Drive | | | | | 4536 & 4545 Assembly Drive | Rockford | Illinois | 61109 | Industrial | Warehouse/Distribution | 1989 |
16.03 | Property | | 6166 Nancy Ridge Drive | | | | | 6166 Nancy Ridge Drive | San Diego | California | 92121 | Office | Suburban Flex | 1996 |
16.04 | Property | | 6146 Nancy Ridge Drive | | | | | 6146 Nancy Ridge Drive | San Diego | California | 92121 | Office | Suburban Flex | 1987 |
16.05 | Property | | 1635 & 1639 New Milford School Road | | | | | 1635 & 1639 New Milford School Road | Rockford | Illinois | 61109 | Industrial | Warehouse | 1996 |
17 | Loan | 52 | Trails of Hudson II | GSBI | GSMC | Group 1 | NAP | 1101 Redwood Boulevard | Hudson | Ohio | 44236 | Multifamily | Garden | 2019 |
18 | Loan | 8, 53, 54, 55 | Midland Atlantic Portfolio | GSBI | GSMC | NAP | NAP | | | | | | | |
18.01 | Property | | Parkside Square | | | | | 3100 Bienville Boulevard | Ocean Springs | Mississippi | 39564 | Retail | Anchored | 1989 |
18.02 | Property | 56 | Maysville Marketsquare | | | | | 381-385 Market Square Drive | Maysville | Kentucky | 41056 | Retail | Anchored | 1993 |
18.03 | Property | | Pinecrest Pointe | | | | | 9101 Leesville Road | Raleigh | North Carolina | 27613 | Retail | Anchored | 1988 |
18.04 | Property | | Valleydale Marketplace | | | | | 2653 Valleydale Road | Hoover | Alabama | 35244 | Retail | Anchored | 1993 |
Control Number | Loan / Property Flag | Footnotes | Property Name | Year Renovated | Units, Rooms, Sq Ft | Unit Description | Loan Per Unit ($) | Ownership Interest | Original Balance ($) | Cut-off Date Balance ($) | Allocated Cut-off Date Loan Amount ($) | % of Initial Pool Balance | Balloon Balance ($) |
1 | Loan | 8, 9, 10, 11, 12, 13, 14 | 1633 Broadway | 2013 | 2,561,512 | SF | 390.78 | Fee Simple | 65,000,000 | 65,000,000 | 65,000,000 | 8.4% | 65,000,000 |
2 | Loan | 8, 15, 16, 17, 18 | Moffett Towers Buildings A, B & C | | 951,498 | SF | 465.58 | | 65,000,000 | 65,000,000 | 65,000,000 | 8.4% | 65,000,000 |
2.01 | Property | | Moffett Towers Building B | NAP | 317,166 | SF | | Fee Simple | | | 22,370,130 | | |
2.02 | Property | | Moffett Towers Building C | NAP | 317,166 | SF | | Fee Simple | | | 22,370,130 | | |
2.03 | Property | | Moffett Towers Building A | NAP | 317,166 | SF | | Fee Simple | | | 20,259,740 | | |
3 | Loan | 8, 19, 20, 21, 22 | 711 Fifth Avenue | 2013-2019 | 340,024 | SF | 1,602.83 | Fee Simple | 62,500,000 | 62,500,000 | 62,500,000 | 8.1% | 62,500,000 |
4 | Loan | 23, 24, 25 | Saban Self Storage Portfolio | | 808,002 | SF | 74.26 | | 60,000,000 | 60,000,000 | 60,000,000 | 7.8% | 60,000,000 |
4.01 | Property | | StorQuest-Reno/Double R | NAP | 98,815 | SF | | Fee Simple | | | 12,400,000 | | |
4.02 | Property | | StorQuest-Sarasota/Clark | NAP | 79,355 | SF | | Fee Simple | | | 7,600,000 | | |
4.03 | Property | | StorQuest-Claremont/Baseline | NAP | 60,651 | SF | | Fee Simple | | | 7,000,000 | | |
4.04 | Property | | StorQuest-Stockton/March | NAP | 75,227 | SF | | Fee Simple | | | 6,800,000 | | |
4.05 | Property | | StorQuest-Bradenton/Manatee | NAP | 65,774 | SF | | Fee Simple | | | 4,300,000 | | |
4.06 | Property | | StorQuest-Friendswood/W Bay Area | NAP | 97,147 | SF | | Fee Simple | | | 4,200,000 | | |
4.07 | Property | | StorQuest-Louisville/Lock | NAP | 55,885 | SF | | Fee Simple | | | 4,000,000 | | |
4.08 | Property | | StorQuest-Loma Linda/Mountain View | NAP | 38,249 | SF | | Fee Simple | | | 3,000,000 | | |
4.09 | Property | | StorQuest-Manitou Springs/Higginbotham | NAP | 41,770 | SF | | Fee Simple | | | 2,600,000 | | |
4.10 | Property | | StorQuest-Dallas/Shady Trail | NAP | 49,881 | SF | | Fee Simple | | | 2,200,000 | | |
4.11 | Property | | StorQuest-Dallas/Denton | NAP | 49,378 | SF | | Fee Simple | | | 2,200,000 | | |
4.12 | Property | | StorQuest-El Paso/Montwood | NAP | 51,200 | SF | | Fee Simple | | | 2,000,000 | | |
4.13 | Property | | StorQuest-Fort Worth/Normandale | NAP | 44,670 | SF | | Fee Simple | | | 1,700,000 | | |
5 | Loan | 8, 10, 26, 27 | 650 Madison Avenue | 2015 | 600,415 | SF | 977.32 | Fee Simple | 51,450,000 | 51,450,000 | 51,450,000 | 6.7% | 51,450,000 |
6 | Loan | 28, 29 | Chicagoland Industrial Portfolio | | 832,023 | SF | 61.48 | | 51,155,000 | 51,155,000 | 51,155,000 | 6.6% | 51,155,000 |
6.01 | Property | | 26051 South Cleveland | NAP | 245,388 | SF | | Fee Simple | | | 13,500,000 | | |
6.02 | Property | | 180 Ryan Drive | NAP | 156,750 | SF | | Fee Simple | | | 11,500,000 | | |
6.03 | Property | | 119 East Commerce | 2017 | 97,966 | SF | | Fee Simple | | | 8,500,000 | | |
6.04 | Property | | 2405 West Haven | NAP | 171,394 | SF | | Fee Simple | | | 6,000,000 | | |
6.05 | Property | | 201 Flannigan | NAP | 50,400 | SF | | Fee Simple | | | 4,155,000 | | |
6.06 | Property | | 3415 Ohio Avenue | NAP | 51,200 | SF | | Fee Simple | | | 3,900,000 | | |
6.07 | Property | | 7850 Grant Street | NAP | 21,425 | SF | | Fee Simple | | | 1,900,000 | | |
6.08 | Property | | 9501 Winona | 1989 | 37,500 | SF | | Fee Simple | | | 1,700,000 | | |
7 | Loan | 8, 30, 31, 32, 33, 34 | City National Plaza | 2018 | 2,519,787 | SF | 218.27 | Fee Simple | 50,000,000 | 50,000,000 | 50,000,000 | 6.5% | 50,000,000 |
8 | Loan | 8, 35, 36, 37, 38, 39, 40 | 555 10th Avenue | NAP | 598 | Units | 440,468.23 | Leasehold | 50,000,000 | 50,000,000 | 50,000,000 | 6.5% | 50,000,000 |
9 | Loan | 41, 42 | 297 North 7th & 257 15th Street | | 78,781 | SF | 495.04 | | 39,000,000 | 39,000,000 | 39,000,000 | 5.1% | 39,000,000 |
9.01 | Property | | 297 North 7th Street | NAP | 38,981 | SF | | Fee Simple | | | 24,200,000 | | |
9.02 | Property | | 257 15th Street | NAP | 39,800 | SF | | Fee Simple | | | 14,800,000 | | |
10 | Loan | 43 | PNC Center | 2010 | 498,905 | SF | 65.47 | Fee Simple | 32,662,500 | 32,662,500 | 32,662,500 | 4.2% | 32,662,500 |
11 | Loan | 44 | 1427 7th Street | NAP | 50 | Units | 554,000.00 | Fee Simple | 27,700,000 | 27,700,000 | 27,700,000 | 3.6% | 27,700,000 |
12 | Loan | 45, 46, 47 | Grand Street Plaza | 2009, 2018 | 208,586 | SF | 132.32 | Fee Simple | 27,600,000 | 27,600,000 | 27,600,000 | 3.6% | 27,600,000 |
13 | Loan | | 630 Roseville | 2019 | 157,518 | SF | 163.79 | Fee Simple | 25,800,000 | 25,800,000 | 25,800,000 | 3.3% | 25,800,000 |
14 | Loan | | Hawthorne Gate | NAP | 114 | Units | 157,894.74 | Fee Simple | 18,000,000 | 18,000,000 | 18,000,000 | 2.3% | 16,466,249 |
15 | Loan | | Lakeside Flats | NAP | 120 | Units | 143,333.33 | Fee Simple | 17,200,000 | 17,200,000 | 17,200,000 | 2.2% | 15,729,838 |
16 | Loan | 8, 48, 49, 50 | PCI Pharma Portfolio | | 1,356,188 | SF | 80.00 | | 16,750,000 | 16,750,000 | 16,750,000 | 2.2% | 16,750,000 |
16.01 | Property | 51 | 3001 Red Lion Road | 2002 | 447,000 | SF | | Fee Simple | | | 7,580,601 | | |
16.02 | Property | | 4536 & 4545 Assembly Drive | 2003, 2005, 2012, 2018 | 768,400 | SF | | Fee Simple | | | 5,309,449 | | |
16.03 | Property | | 6166 Nancy Ridge Drive | 2016 | 37,583 | SF | | Fee Simple | | | 1,998,614 | | |
16.04 | Property | | 6146 Nancy Ridge Drive | 2017 | 24,785 | SF | | Fee Simple | | | 1,312,221 | | |
16.05 | Property | | 1635 & 1639 New Milford School Road | 2001 | 78,420 | SF | | Fee Simple | | | 549,114 | | |
17 | Loan | 52 | Trails of Hudson II | NAP | 89 | Units | 185,393.26 | Fee Simple | 16,500,000 | 16,500,000 | 16,500,000 | 2.1% | 13,408,558 |
18 | Loan | 8, 53, 54, 55 | Midland Atlantic Portfolio | | 552,154 | SF | 81.50 | | 14,500,000 | 14,500,000 | 14,500,000 | 1.9% | 12,198,706 |
18.01 | Property | | Parkside Square | 2008 | 150,346 | SF | | Fee Simple | | | 3,865,160 | | |
18.02 | Property | 56 | Maysville Marketsquare | NAP | 144,945 | SF | | Fee Simple | | | 3,260,522 | | |
18.03 | Property | | Pinecrest Pointe | NAP | 89,226 | SF | | Fee Simple | | | 3,187,062 | | |
18.04 | Property | | Valleydale Marketplace | NAP | 67,854 | SF | | Fee Simple | | | 1,898,675 | | |
Control Number | Loan / Property Flag | Footnotes | Property Name | Mortgage Loan Rate (%) | Administrative Cost Rate (%) (1) | Net Mortgage Loan Rate (%) | Monthly Debt Service ($) (2) | 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.) |
1 | Loan | 8, 9, 10, 11, 12, 13, 14 | 1633 Broadway | 2.99000% | 0.01631% | 2.97369% | 164,207.75 | 1,970,493.00 | 2,364,591.68 | 28,375,100.16 | Interest Only | Actual/360 | 5 | 120 |
2 | Loan | 8, 15, 16, 17, 18 | Moffett Towers Buildings A, B & C | 3.49000% | 0.01631% | 3.47369% | 191,667.25 | 2,300,007.00 | 1,114,618.75 | 13,375,425.00 | Interest Only | Actual/360 | 3 | 120 |
2.01 | Property | | Moffett Towers Building B | | | | | | | | | | | |
2.02 | Property | | Moffett Towers Building C | | | | | | | | | | | |
2.03 | Property | | Moffett Towers Building A | | | | | | | | | | | |
3 | Loan | 8, 19, 20, 21, 22 | 711 Fifth Avenue | 3.16000% | 0.01756% | 3.14244% | 166,869.21 | 2,002,430.52 | 1,288,230.33 | 15,458,763.96 | Interest Only | Actual/360 | 2 | 120 |
4 | Loan | 23, 24, 25 | Saban Self Storage Portfolio | 3.22000% | 0.01756% | 3.20244% | 163,236.11 | 1,958,833.32 | | | Interest Only | Actual/360 | 1 | 120 |
4.01 | Property | | StorQuest-Reno/Double R | | | | | | | | | | | |
4.02 | Property | | StorQuest-Sarasota/Clark | | | | | | | | | | | |
4.03 | Property | | StorQuest-Claremont/Baseline | | | | | | | | | | | |
4.04 | Property | | StorQuest-Stockton/March | | | | | | | | | | | |
4.05 | Property | | StorQuest-Bradenton/Manatee | | | | | | | | | | | |
4.06 | Property | | StorQuest-Friendswood/W Bay Area | | | | | | | | | | | |
4.07 | Property | | StorQuest-Louisville/Lock | | | | | | | | | | | |
4.08 | Property | | StorQuest-Loma Linda/Mountain View | | | | | | | | | | | |
4.09 | Property | | StorQuest-Manitou Springs/Higginbotham | | | | | | | | | | | |
4.10 | Property | | StorQuest-Dallas/Shady Trail | | | | | | | | | | | |
4.11 | Property | | StorQuest-Dallas/Denton | | | | | | | | | | | |
4.12 | Property | | StorQuest-El Paso/Montwood | | | | | | | | | | | |
4.13 | Property | | StorQuest-Fort Worth/Normandale | | | | | | | | | | | |
5 | Loan | 8, 10, 26, 27 | 650 Madison Avenue | 3.48600% | 0.01631% | 3.46969% | 151,538.11 | 1,818,457.32 | 1,576,791.64 | 18,921,499.68 | Interest Only | Actual/360 | 5 | 120 |
6 | Loan | 28, 29 | Chicagoland Industrial Portfolio | 3.62000% | 0.03506% | 3.58494% | 156,460.88 | 1,877,530.56 | | | Interest Only | Actual/360 | 2 | 120 |
6.01 | Property | | 26051 South Cleveland | | | | | | | | | | | |
6.02 | Property | | 180 Ryan Drive | | | | | | | | | | | |
6.03 | Property | | 119 East Commerce | | | | | | | | | | | |
6.04 | Property | | 2405 West Haven | | | | | | | | | | | |
6.05 | Property | | 201 Flannigan | | | | | | | | | | | |
6.06 | Property | | 3415 Ohio Avenue | | | | | | | | | | | |
6.07 | Property | | 7850 Grant Street | | | | | | | | | | | |
6.08 | Property | | 9501 Winona | | | | | | | | | | | |
7 | Loan | 8, 30, 31, 32, 33, 34 | City National Plaza | 2.44000% | 0.01631% | 2.42369% | 103,078.70 | 1,236,944.40 | 1,030,787.04 | 12,369,444.48 | Interest Only | Actual/360 | 1 | 120 |
8 | Loan | 8, 35, 36, 37, 38, 39, 40 | 555 10th Avenue | 3.52000% | 0.01631% | 3.50369% | 148,703.70 | 1,784,444.40 | 634,667.41 | 7,616,008.90 | Interest Only | Actual/360 | 4 | 119 |
9 | Loan | 41, 42 | 297 North 7th & 257 15th Street | 3.80000% | 0.01756% | 3.78244% | 125,215.28 | 1,502,583.36 | | | Interest Only | Actual/360 | 2 | 120 |
9.01 | Property | | 297 North 7th Street | | | | | | | | | | | |
9.02 | Property | | 257 15th Street | | | | | | | | | | | |
10 | Loan | 43 | PNC Center | 3.49000% | 0.01756% | 3.47244% | 96,312.79 | 1,155,753.48 | | | Interest Only | Actual/360 | 2 | 120 |
11 | Loan | 44 | 1427 7th Street | 3.74000% | 0.01756% | 3.72244% | 87,530.72 | 1,050,368.64 | | | Interest Only | Actual/360 | 1 | 120 |
12 | Loan | 45, 46, 47 | Grand Street Plaza | 3.35000% | 0.01756% | 3.33244% | 78,120.14 | 937,441.68 | | | Interest Only | Actual/360 | 2 | 120 |
13 | Loan | | 630 Roseville | 3.67000% | 0.01756% | 3.65244% | 80,000.90 | 960,010.80 | | | Interest Only | Actual/360 | 2 | 120 |
14 | Loan | | Hawthorne Gate | 4.48500% | 0.01756% | 4.46744% | 91,043.00 | 1,092,516.00 | | | Interest Only, Then Amortizing | Actual/360 | 3 | 60 |
15 | Loan | | Lakeside Flats | 4.46000% | 0.01756% | 4.44244% | 86,741.56 | 1,040,898.72 | | | Interest Only, Then Amortizing | Actual/360 | 2 | 60 |
16 | Loan | 8, 48, 49, 50 | PCI Pharma Portfolio | 3.37900% | 0.01631% | 3.36269% | 47,820.28 | 573,843.36 | 261,940.94 | 3,143,291.28 | Interest Only | Actual/360 | 6 | 120 |
16.01 | Property | 51 | 3001 Red Lion Road | | | | | | | | | | | |
16.02 | Property | | 4536 & 4545 Assembly Drive | | | | | | | | | | | |
16.03 | Property | | 6166 Nancy Ridge Drive | | | | | | | | | | | |
16.04 | Property | | 6146 Nancy Ridge Drive | | | | | | | | | | | |
16.05 | Property | | 1635 & 1639 New Milford School Road | | | | | | | | | | | |
17 | Loan | 52 | Trails of Hudson II | 4.65000% | 0.01756% | 4.63244% | 85,080.07 | 1,020,960.84 | | | Amortizing | Actual/360 | 0 | 0 |
18 | Loan | 8, 53, 54, 55 | Midland Atlantic Portfolio | 3.95500% | 0.01631% | 3.93869% | 68,849.57 | 826,194.84 | 144,821.52 | 1,737,858.24 | Interest Only, Then Amortizing | Actual/360 | 4 | 24 |
18.01 | Property | | Parkside Square | | | | | | | | | | | |
18.02 | Property | 56 | Maysville Marketsquare | | | | | | | | | | | |
18.03 | Property | | Pinecrest Pointe | | | | | | | | | | | |
18.04 | Property | | Valleydale Marketplace | | | | | | | | | | | |
Control Number | Loan / Property Flag | Footnotes | Property Name | Remaining Interest-Only Period (Mos.) | Original Term To Maturity (Mos.) | Remaining Term To Maturity (Mos.) | 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 (Yes / No) | Final Maturity Date | Grace Period- Late Fee |
1 | Loan | 8, 9, 10, 11, 12, 13, 14 | 1633 Broadway | 115 | 120 | 115 | 0 | 0 | 11/25/2019 | 6 | 1/6/2020 | 12/6/2029 | | 12/6/2029 | No | | 0 |
2 | Loan | 8, 15, 16, 17, 18 | Moffett Towers Buildings A, B & C | 117 | 120 | 117 | 0 | 0 | 2/6/2020 | 6 | 3/6/2020 | 2/6/2030 | | 2/6/2030 | No | | 0 |
2.01 | Property | | Moffett Towers Building B | | | | | | | | | | | | | | |
2.02 | Property | | Moffett Towers Building C | | | | | | | | | | | | | | |
2.03 | Property | | Moffett Towers Building A | | | | | | | | | | | | | | |
3 | Loan | 8, 19, 20, 21, 22 | 711 Fifth Avenue | 118 | 120 | 118 | 0 | 0 | 3/6/2020 | 6 | 4/6/2020 | 3/6/2030 | | 3/6/2030 | No | | 0 |
4 | Loan | 23, 24, 25 | Saban Self Storage Portfolio | 119 | 120 | 119 | 0 | 0 | 3/13/2020 | 6 | 5/6/2020 | 4/6/2030 | | 4/6/2030 | No | | 0 |
4.01 | Property | | StorQuest-Reno/Double R | | | | | | | | | | | | | | |
4.02 | Property | | StorQuest-Sarasota/Clark | | | | | | | | | | | | | | |
4.03 | Property | | StorQuest-Claremont/Baseline | | | | | | | | | | | | | | |
4.04 | Property | | StorQuest-Stockton/March | | | | | | | | | | | | | | |
4.05 | Property | | StorQuest-Bradenton/Manatee | | | | | | | | | | | | | | |
4.06 | Property | | StorQuest-Friendswood/W Bay Area | | | | | | | | | | | | | | |
4.07 | Property | | StorQuest-Louisville/Lock | | | | | | | | | | | | | | |
4.08 | Property | | StorQuest-Loma Linda/Mountain View | | | | | | | | | | | | | | |
4.09 | Property | | StorQuest-Manitou Springs/Higginbotham | | | | | | | | | | | | | | |
4.10 | Property | | StorQuest-Dallas/Shady Trail | | | | | | | | | | | | | | |
4.11 | Property | | StorQuest-Dallas/Denton | | | | | | | | | | | | | | |
4.12 | Property | | StorQuest-El Paso/Montwood | | | | | | | | | | | | | | |
4.13 | Property | | StorQuest-Fort Worth/Normandale | | | | | | | | | | | | | | |
5 | Loan | 8, 10, 26, 27 | 650 Madison Avenue | 115 | 120 | 115 | 0 | 0 | 11/26/2019 | 8 | 1/8/2020 | 12/8/2029 | | 12/8/2029 | No | | 3 |
6 | Loan | 28, 29 | Chicagoland Industrial Portfolio | 118 | 120 | 118 | 0 | 0 | 3/3/2020 | 6 | 4/6/2020 | 3/6/2030 | | 3/6/2030 | No | | 0 |
6.01 | Property | | 26051 South Cleveland | | | | | | | | | | | | | | |
6.02 | Property | | 180 Ryan Drive | | | | | | | | | | | | | | |
6.03 | Property | | 119 East Commerce | | | | | | | | | | | | | | |
6.04 | Property | | 2405 West Haven | | | | | | | | | | | | | | |
6.05 | Property | | 201 Flannigan | | | | | | | | | | | | | | |
6.06 | Property | | 3415 Ohio Avenue | | | | | | | | | | | | | | |
6.07 | Property | | 7850 Grant Street | | | | | | | | | | | | | | |
6.08 | Property | | 9501 Winona | | | | | | | | | | | | | | |
7 | Loan | 8, 30, 31, 32, 33, 34 | City National Plaza | 119 | 120 | 119 | 0 | 0 | 3/25/2020 | 1 | 5/1/2020 | 4/1/2030 | | 4/1/2030 | No | | 5 days grace, two times per calendar year, other than the payment due on the Maturity Date |
8 | Loan | 8, 35, 36, 37, 38, 39, 40 | 555 10th Avenue | 115 | 119 | 115 | 0 | 0 | 12/12/2019 | 6 | 2/6/2020 | 12/6/2029 | | 12/6/2029 | No | | 0 |
9 | Loan | 41, 42 | 297 North 7th & 257 15th Street | 118 | 120 | 118 | 0 | 0 | 3/2/2020 | 6 | 4/6/2020 | 3/6/2030 | | 3/6/2030 | No | | 0 |
9.01 | Property | | 297 North 7th Street | | | | | | | | | | | | | | |
9.02 | Property | | 257 15th Street | | | | | | | | | | | | | | |
10 | Loan | 43 | PNC Center | 118 | 120 | 118 | 0 | 0 | 3/3/2020 | 6 | 4/6/2020 | 3/6/2030 | | 3/6/2030 | No | | 0 |
11 | Loan | 44 | 1427 7th Street | 119 | 120 | 119 | 0 | 0 | 3/11/2020 | 6 | 5/6/2020 | 4/6/2030 | | 4/6/2030 | No | | 5 days grace, once per trailing 12-month period, other than the payment due on the Maturity Date |
12 | Loan | 45, 46, 47 | Grand Street Plaza | 118 | 120 | 118 | 0 | 0 | 2/27/2020 | 6 | 4/6/2020 | 3/6/2030 | | 3/6/2030 | No | | 0 |
13 | Loan | | 630 Roseville | 118 | 120 | 118 | 0 | 0 | 3/3/2020 | 6 | 4/6/2020 | 3/6/2030 | | 3/6/2030 | No | | 0 |
14 | Loan | | Hawthorne Gate | 57 | 120 | 117 | 360 | 360 | 1/22/2020 | 6 | 3/6/2020 | 2/6/2025 | 3/6/2025 | 2/6/2030 | No | | 0 |
15 | Loan | | Lakeside Flats | 58 | 120 | 118 | 360 | 360 | 2/13/2020 | 6 | 4/6/2020 | 3/6/2025 | 4/6/2025 | 3/6/2030 | No | | 0 |
16 | Loan | 8, 48, 49, 50 | PCI Pharma Portfolio | 114 | 120 | 114 | 0 | 0 | 10/31/2019 | 6 | 12/6/2019 | 11/6/2029 | | 11/6/2029 | No | | 0 |
16.01 | Property | 51 | 3001 Red Lion Road | | | | | | | | | | | | | | |
16.02 | Property | | 4536 & 4545 Assembly Drive | | | | | | | | | | | | | | |
16.03 | Property | | 6166 Nancy Ridge Drive | | | | | | | | | | | | | | |
16.04 | Property | | 6146 Nancy Ridge Drive | | | | | | | | | | | | | | |
16.05 | Property | | 1635 & 1639 New Milford School Road | | | | | | | | | | | | | | |
17 | Loan | 52 | Trails of Hudson II | 0 | 120 | 120 | 360 | 360 | 4/23/2020 | 6 | 6/6/2020 | | 6/6/2020 | 5/6/2030 | No | | 0 |
18 | Loan | 8, 53, 54, 55 | Midland Atlantic Portfolio | 20 | 120 | 116 | 360 | 360 | 12/26/2019 | 6 | 2/6/2020 | 1/6/2022 | 2/6/2022 | 1/6/2030 | No | | 0 |
18.01 | Property | | Parkside Square | | | | | | | | | | | | | | |
18.02 | Property | 56 | Maysville Marketsquare | | | | | | | | | | | | | | |
18.03 | Property | | Pinecrest Pointe | | | | | | | | | | | | | | |
18.04 | Property | | Valleydale Marketplace | | | | | | | | | | | | | | |
Control Number | Loan / Property Flag | Footnotes | Property Name | Grace Period- Default | Prepayment Provision (3) | 2016 EGI ($) | 2016 Expenses ($) | 2016 NOI ($) | 2017 EGI ($) | 2017 Expenses ($) | 2017 NOI ($) | 2018 EGI ($) | 2018 Expenses ($) |
1 | Loan | 8, 9, 10, 11, 12, 13, 14 | 1633 Broadway | 0 | Lockout/29_Defeasance/84_0%/7 | 155,689,790 | 61,868,404 | 93,821,386 | 159,464,803 | 65,274,796 | 94,190,007 | 179,219,236 | 70,120,786 |
2 | Loan | 8, 15, 16, 17, 18 | Moffett Towers Buildings A, B & C | 0 | Lockout/24_>YM or 1%/3_Defeasance or >YM or 1%/86_0%/7 | N/A | N/A | N/A | 43,554,008 | 12,008,858 | 31,545,149 | 49,341,867 | 11,771,512 |
2.01 | Property | | Moffett Towers Building B | | | N/A | N/A | N/A | | | | | |
2.02 | Property | | Moffett Towers Building C | | | N/A | N/A | N/A | | | | | |
2.03 | Property | | Moffett Towers Building A | | | N/A | N/A | N/A | | | | | |
3 | Loan | 8, 19, 20, 21, 22 | 711 Fifth Avenue | 0 | Lockout/26_Defeasance/87_0%/7 | 52,843,062 | 14,954,656 | 37,888,406 | 62,723,555 | 17,358,037 | 45,365,518 | 63,038,695 | 18,950,129 |
4 | Loan | 23, 24, 25 | Saban Self Storage Portfolio | 0 | Lockout/25_>YM or 1%/88_0%/7 | 8,571,273 | 4,008,405 | 4,562,868 | 9,479,507 | 4,052,319 | 5,427,188 | 9,886,674 | 4,016,648 |
4.01 | Property | | StorQuest-Reno/Double R | | | 1,102,680 | 352,496 | 750,184 | 1,324,942 | 360,039 | 964,903 | 1,450,499 | 360,035 |
4.02 | Property | | StorQuest-Sarasota/Clark | | | 1,189,947 | 430,101 | 759,846 | 1,230,044 | 451,132 | 778,912 | 1,260,007 | 458,396 |
4.03 | Property | | StorQuest-Claremont/Baseline | | | 873,206 | 320,048 | 553,159 | 947,169 | 348,635 | 598,534 | 985,409 | 344,793 |
4.04 | Property | | StorQuest-Stockton/March | | | 786,833 | 368,261 | 418,572 | 938,334 | 346,155 | 592,179 | 1,031,443 | 360,111 |
4.05 | Property | | StorQuest-Bradenton/Manatee | | | 699,773 | 341,162 | 358,610 | 752,583 | 342,895 | 409,688 | 741,709 | 354,432 |
4.06 | Property | | StorQuest-Friendswood/W Bay Area | | | 752,729 | 421,200 | 331,528 | 850,856 | 425,659 | 425,196 | 913,230 | 433,089 |
4.07 | Property | | StorQuest-Louisville/Lock | | | 809,098 | 387,100 | 421,999 | 844,947 | 395,992 | 448,955 | 841,957 | 375,909 |
4.08 | Property | | StorQuest-Loma Linda/Mountain View | | | 383,245 | 226,230 | 157,015 | 450,905 | 199,788 | 251,117 | 498,398 | 190,709 |
4.09 | Property | | StorQuest-Manitou Springs/Higginbotham | | | 414,219 | 201,092 | 213,127 | 447,942 | 210,605 | 237,338 | 451,615 | 200,187 |
4.10 | Property | | StorQuest-Dallas/Shady Trail | | | 436,232 | 259,595 | 176,636 | 454,207 | 273,823 | 180,384 | 476,266 | 263,593 |
4.11 | Property | | StorQuest-Dallas/Denton | | | 419,695 | 257,456 | 162,239 | 452,073 | 248,798 | 203,275 | 456,351 | 241,593 |
4.12 | Property | | StorQuest-El Paso/Montwood | | | 366,652 | 206,584 | 160,069 | 403,456 | 207,957 | 195,499 | 403,975 | 201,014 |
4.13 | Property | | StorQuest-Fort Worth/Normandale | | | 336,963 | 237,080 | 99,883 | 382,048 | 240,841 | 141,208 | 375,816 | 232,787 |
5 | Loan | 8, 10, 26, 27 | 650 Madison Avenue | 0 | Lockout/29_Defeasance/84_0%/7 | 67,178,535 | 24,477,341 | 42,701,194 | 72,488,704 | 25,947,358 | 46,541,346 | 75,039,495 | 26,481,999 |
6 | Loan | 28, 29 | Chicagoland Industrial Portfolio | 0 | Lockout/26_Defeasance/90_0%/4 | N/A | N/A | N/A | | | | | |
6.01 | Property | | 26051 South Cleveland | | | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
6.02 | Property | | 180 Ryan Drive | | | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
6.03 | Property | | 119 East Commerce | | | N/A | N/A | N/A | 1,152,026 | 299,285 | 852,741 | 1,159,912 | 306,977 |
6.04 | Property | | 2405 West Haven | | | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
6.05 | Property | | 201 Flannigan | | | N/A | N/A | N/A | 571,427 | 147,657 | 423,770 | 564,558 | 133,209 |
6.06 | Property | | 3415 Ohio Avenue | | | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
6.07 | Property | | 7850 Grant Street | | | N/A | N/A | N/A | 256,086 | 30,265 | 225,821 | 262,082 | 31,745 |
6.08 | Property | | 9501 Winona | | | N/A | N/A | N/A | N/A | N/A | N/A | 323,885 | 152,365 |
7 | Loan | 8, 30, 31, 32, 33, 34 | City National Plaza | 0 | >YM or 1%/25_Defeasance or >YM or 1%/88_0%/7 | 98,220,197 | 48,175,356 | 50,044,841 | 88,008,148 | 49,667,234 | 38,340,914 | 94,160,529 | 51,376,029 |
8 | Loan | 8, 35, 36, 37, 38, 39, 40 | 555 10th Avenue | 0 | >YM or 1%/28_Defeasance or >YM or 1%/87_0%/4 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
9 | Loan | 41, 42 | 297 North 7th & 257 15th Street | 0 | Lockout/26_Defeasance/91_0%/3 | N/A | N/A | N/A | | | | | |
9.01 | Property | | 297 North 7th Street | | | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
9.02 | Property | | 257 15th Street | | | N/A | N/A | N/A | 1,253,572 | 117,935 | 1,135,637 | 1,287,504 | 125,430 |
10 | Loan | 43 | PNC Center | 0 | Lockout/26_Defeasance/89_0%/5 | N/A | N/A | N/A | 8,617,295 | 5,336,740 | 3,280,555 | 9,135,253 | 5,496,708 |
11 | Loan | 44 | 1427 7th Street | 0 | Lockout/25_Defeasance/91_0%/4 | 2,491,143 | 535,354 | 1,955,789 | 2,306,773 | 520,498 | 1,786,274 | 2,255,662 | 524,450 |
12 | Loan | 45, 46, 47 | Grand Street Plaza | 0 | Lockout/26_Defeasance/91_0%/3 | 5,575,401 | 3,028,745 | 2,546,656 | 5,748,131 | 3,040,354 | 2,707,777 | 5,862,221 | 3,046,670 |
13 | Loan | | 630 Roseville | 0 | Lockout/26_Defeasance/88_0%/6 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
14 | Loan | | Hawthorne Gate | 0 | Lockout/27_Defeasance/89_0%/4 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
15 | Loan | | Lakeside Flats | 0 | Lockout/26_Defeasance/90_0%/4 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
16 | Loan | 8, 48, 49, 50 | PCI Pharma Portfolio | 0 | Lockout/23_>YM or 1%/7_Defeasance or >YM or 1%/86_0%/4 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
16.01 | Property | 51 | 3001 Red Lion Road | | | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
16.02 | Property | | 4536 & 4545 Assembly Drive | | | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
16.03 | Property | | 6166 Nancy Ridge Drive | | | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
16.04 | Property | | 6146 Nancy Ridge Drive | | | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
16.05 | Property | | 1635 & 1639 New Milford School Road | | | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
17 | Loan | 52 | Trails of Hudson II | 0 | Lockout/24_Defeasance/92_0%/4 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
18 | Loan | 8, 53, 54, 55 | Midland Atlantic Portfolio | 0 | Lockout/28_Defeasance/87_0%/5 | N/A | N/A | N/A | 5,693,685 | 1,594,304 | 4,099,381 | 5,673,339 | 1,681,671 |
18.01 | Property | | Parkside Square | | | N/A | N/A | N/A | 1,378,427 | 381,493 | 996,934 | 1,441,584 | 380,508 |
18.02 | Property | 56 | Maysville Marketsquare | | | N/A | N/A | N/A | 1,314,064 | 315,460 | 998,604 | 1,245,548 | 319,000 |
18.03 | Property | | Pinecrest Pointe | | | N/A | N/A | N/A | 1,114,744 | 296,986 | 817,758 | 1,172,651 | 316,884 |
18.04 | Property | | Valleydale Marketplace | | | N/A | N/A | N/A | 791,360 | 223,898 | 567,462 | 752,396 | 254,894 |
Control Number | Loan / Property Flag | Footnotes | Property Name | 2018 NOI ($) | Most Recent EGI (if past 2018) ($) | Most Recent Expenses (if past 2018) ($) | Most Recent NOI (if past 2018) ($) | Most Recent NOI Date (if past 2018) | Most Recent # of months | Most Recent Description | Underwritten EGI ($) | Underwritten Expenses ($) | Underwritten Net Operating Income ($) | Debt Yield on Underwritten Net Operating Income (%) |
1 | Loan | 8, 9, 10, 11, 12, 13, 14 | 1633 Broadway | 109,098,450 | 182,760,348 | 71,951,033 | 110,809,315 | 9/30/2019 | 12 | Trailing 12 | 190,585,947 | 71,435,784 | 119,150,163 | 11.9% |
2 | Loan | 8, 15, 16, 17, 18 | Moffett Towers Buildings A, B & C | 37,570,355 | 50,292,627 | 12,255,535 | 38,037,092 | 12/31/2019 | 12 | Trailing 12 | 69,255,640 | 11,194,319 | 58,061,321 | 13.1% |
2.01 | Property | | Moffett Towers Building B | | | | | | | | | | | |
2.02 | Property | | Moffett Towers Building C | | | | | | | | | | | |
2.03 | Property | | Moffett Towers Building A | | | | | | | | | | | |
3 | Loan | 8, 19, 20, 21, 22 | 711 Fifth Avenue | 44,088,566 | 69,563,590 | 20,967,241 | 48,596,349 | 12/31/2019 | 12 | Trailing 12 | 74,193,553 | 22,888,769 | 51,304,783 | 9.4% |
4 | Loan | 23, 24, 25 | Saban Self Storage Portfolio | 5,870,026 | 10,021,034 | 4,040,841 | 5,980,193 | 12/31/2019 | 12 | Trailing 12 | 10,315,617 | 4,068,779 | 6,246,837 | 10.4% |
4.01 | Property | | StorQuest-Reno/Double R | 1,090,464 | 1,519,050 | 362,873 | 1,156,177 | 12/31/2019 | 12 | Trailing 12 | 1,530,513 | 362,883 | 1,167,630 | |
4.02 | Property | | StorQuest-Sarasota/Clark | 801,611 | 1,218,720 | 451,658 | 767,061 | 12/31/2019 | 12 | Trailing 12 | 1,235,908 | 453,312 | 782,596 | |
4.03 | Property | | StorQuest-Claremont/Baseline | 640,616 | 1,031,828 | 355,090 | 676,738 | 12/31/2019 | 12 | Trailing 12 | 1,059,461 | 358,621 | 700,840 | |
4.04 | Property | | StorQuest-Stockton/March | 671,332 | 1,053,443 | 360,060 | 693,383 | 12/31/2019 | 12 | Trailing 12 | 1,066,531 | 361,848 | 704,683 | |
4.05 | Property | | StorQuest-Bradenton/Manatee | 387,277 | 750,444 | 332,145 | 418,299 | 12/31/2019 | 12 | Trailing 12 | 768,909 | 332,586 | 436,323 | |
4.06 | Property | | StorQuest-Friendswood/W Bay Area | 480,141 | 879,221 | 433,597 | 445,624 | 12/31/2019 | 12 | Trailing 12 | 1,005,469 | 467,637 | 537,832 | |
4.07 | Property | | StorQuest-Louisville/Lock | 466,048 | 828,849 | 418,740 | 410,109 | 12/31/2019 | 12 | Trailing 12 | 801,129 | 418,110 | 383,019 | |
4.08 | Property | | StorQuest-Loma Linda/Mountain View | 307,689 | 510,310 | 183,566 | 326,744 | 12/31/2019 | 12 | Trailing 12 | 487,313 | 182,194 | 305,119 | |
4.09 | Property | | StorQuest-Manitou Springs/Higginbotham | 251,428 | 464,832 | 212,475 | 252,357 | 12/31/2019 | 12 | Trailing 12 | 467,568 | 211,327 | 256,240 | |
4.10 | Property | | StorQuest-Dallas/Shady Trail | 212,674 | 501,411 | 254,102 | 247,309 | 12/31/2019 | 12 | Trailing 12 | 502,047 | 249,249 | 252,798 | |
4.11 | Property | | StorQuest-Dallas/Denton | 214,758 | 497,322 | 241,101 | 256,220 | 12/31/2019 | 12 | Trailing 12 | 537,522 | 243,800 | 293,722 | |
4.12 | Property | | StorQuest-El Paso/Montwood | 202,961 | 406,880 | 203,800 | 203,080 | 12/31/2019 | 12 | Trailing 12 | 462,280 | 201,739 | 260,541 | |
4.13 | Property | | StorQuest-Fort Worth/Normandale | 143,029 | 358,725 | 231,634 | 127,091 | 12/31/2019 | 12 | Trailing 12 | 390,967 | 225,473 | 165,494 | |
5 | Loan | 8, 10, 26, 27 | 650 Madison Avenue | 48,557,496 | 78,288,218 | 27,326,681 | 50,961,537 | 9/30/2019 | 12 | Trailing 12 | 87,327,989 | 28,901,495 | 58,426,495 | 10.0% |
6 | Loan | 28, 29 | Chicagoland Industrial Portfolio | | | | | | | | 7,331,715 | 2,321,259 | 5,010,456 | 9.8% |
6.01 | Property | | 26051 South Cleveland | N/A | N/A | N/A | N/A | N/A | N/A | Not Available | 1,876,911 | 633,605 | 1,243,306 | |
6.02 | Property | | 180 Ryan Drive | N/A | N/A | N/A | N/A | N/A | N/A | Not Available | 1,571,181 | 468,740 | 1,102,441 | |
6.03 | Property | | 119 East Commerce | 852,935 | 1,171,947 | 319,017 | 852,930 | 12/31/2019 | 12 | Trailing 12 | 1,218,135 | 367,461 | 850,674 | |
6.04 | Property | | 2405 West Haven | N/A | 352,612 | 245,810 | 106,802 | 12/31/2019 | 12 | Trailing 12 | 844,108 | 286,750 | 557,358 | |
6.05 | Property | | 201 Flannigan | 431,349 | 589,483 | 150,316 | 439,167 | 12/31/2019 | 12 | Trailing 12 | 597,983 | 165,491 | 432,492 | |
6.06 | Property | | 3415 Ohio Avenue | N/A | 479,020 | 66,007 | 413,013 | 12/31/2019 | 12 | Trailing 12 | 514,785 | 104,081 | 410,704 | |
6.07 | Property | | 7850 Grant Street | 230,337 | 271,722 | 36,778 | 234,944 | 12/31/2019 | 12 | Trailing 12 | 283,420 | 49,511 | 233,909 | |
6.08 | Property | | 9501 Winona | 171,520 | 358,676 | 183,010 | 175,666 | 12/31/2019 | 12 | Trailing 12 | 425,192 | 245,620 | 179,572 | |
7 | Loan | 8, 30, 31, 32, 33, 34 | City National Plaza | 42,784,500 | 104,745,229 | 52,577,754 | 52,167,475 | 12/31/2019 | 12 | Trailing 12 | 120,349,190 | 52,577,754 | 67,771,436 | 12.3% |
8 | Loan | 8, 35, 36, 37, 38, 39, 40 | 555 10th Avenue | N/A | 31,391,510 | 8,350,637 | 23,040,873 | 2/29/2020 | 12 | Trailing 12 | 35,265,555 | 8,036,908 | 27,228,647 | 10.3% |
9 | Loan | 41, 42 | 297 North 7th & 257 15th Street | | 3,412,597 | 163,864 | 3,248,733 | 12/31/2019 | 12 | Trailing 12 | 3,553,868 | 383,601 | 3,170,267 | 8.1% |
9.01 | Property | | 297 North 7th Street | N/A | 2,041,809 | 37,957 | 2,003,851 | 12/31/2019 | 12 | Trailing 12 | 2,152,818 | 233,552 | 1,919,266 | |
9.02 | Property | | 257 15th Street | 1,162,074 | 1,370,788 | 125,906 | 1,244,882 | 12/31/2019 | 12 | Trailing 12 | 1,401,050 | 150,049 | 1,251,001 | |
10 | Loan | 43 | PNC Center | 3,638,545 | 9,349,687 | 5,411,913 | 3,937,774 | 12/31/2019 | 12 | Trailing 12 | 9,092,297 | 5,274,905 | 3,817,393 | 11.7% |
11 | Loan | 44 | 1427 7th Street | 1,731,212 | 2,406,057 | 570,563 | 1,835,494 | 12/31/2019 | 12 | Trailing 12 | 2,565,523 | 663,644 | 1,901,879 | 6.9% |
12 | Loan | 45, 46, 47 | Grand Street Plaza | 2,815,551 | 6,218,490 | 3,122,246 | 3,096,244 | 11/30/2019 | 12 | Trailing 12 | 6,609,455 | 3,307,689 | 3,301,766 | 12.0% |
13 | Loan | | 630 Roseville | N/A | N/A | N/A | N/A | N/A | N/A | Not Available | 3,056,829 | 807,689 | 2,249,140 | 8.7% |
14 | Loan | | Hawthorne Gate | N/A | N/A | N/A | N/A | N/A | N/A | Not Available | 2,226,506 | 801,983 | 1,424,522 | 7.9% |
15 | Loan | | Lakeside Flats | N/A | N/A | N/A | N/A | N/A | N/A | Not Available | 2,071,791 | 784,052 | 1,287,739 | 7.5% |
16 | Loan | 8, 48, 49, 50 | PCI Pharma Portfolio | N/A | N/A | N/A | N/A | N/A | N/A | Not Available | 10,601,648 | 318,049 | 10,283,599 | 9.5% |
16.01 | Property | 51 | 3001 Red Lion Road | N/A | N/A | N/A | N/A | N/A | N/A | Not Available | 4,723,284 | 141,699 | 4,581,586 | |
16.02 | Property | | 4536 & 4545 Assembly Drive | N/A | N/A | N/A | N/A | N/A | N/A | Not Available | 3,410,581 | 102,317 | 3,308,263 | |
16.03 | Property | | 6166 Nancy Ridge Drive | N/A | N/A | N/A | N/A | N/A | N/A | Not Available | 1,300,934 | 39,028 | 1,261,906 | |
16.04 | Property | | 6146 Nancy Ridge Drive | N/A | N/A | N/A | N/A | N/A | N/A | Not Available | 857,888 | 25,737 | 832,151 | |
16.05 | Property | | 1635 & 1639 New Milford School Road | N/A | N/A | N/A | N/A | N/A | N/A | Not Available | 308,962 | 9,269 | 299,693 | |
17 | Loan | 52 | Trails of Hudson II | N/A | N/A | N/A | N/A | N/A | N/A | Not Available | 1,985,737 | 665,686 | 1,320,051 | 8.0% |
18 | Loan | 8, 53, 54, 55 | Midland Atlantic Portfolio | 3,991,667 | 5,929,476 | 1,695,066 | 4,234,410 | 10/31/2019 | 12 | Trailing 12 | 5,968,308 | 1,604,606 | 4,363,702 | 9.7% |
18.01 | Property | | Parkside Square | 1,061,076 | 1,449,088 | 365,560 | 1,083,528 | 10/31/2019 | 12 | Trailing 12 | 1,465,094 | 339,308 | 1,125,786 | |
18.02 | Property | 56 | Maysville Marketsquare | 926,548 | 1,293,140 | 323,372 | 969,768 | 10/31/2019 | 12 | Trailing 12 | 1,312,313 | 306,126 | 1,006,187 | |
18.03 | Property | | Pinecrest Pointe | 855,767 | 1,276,481 | 329,618 | 946,863 | 10/31/2019 | 12 | Trailing 12 | 1,244,962 | 318,534 | 926,428 | |
18.04 | Property | | Valleydale Marketplace | 497,501 | 808,929 | 262,593 | 546,336 | 10/31/2019 | 12 | Trailing 12 | 776,155 | 251,374 | 524,780 | |
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 Is Appraised Value ($) | As Is Appraisal Date | Cut-off Date LTV Ratio (%) | LTV Ratio at Maturity (%) | Occupancy (%) (5) |
1 | Loan | 8, 9, 10, 11, 12, 13, 14 | 1633 Broadway | 461,072 | 2,011,364 | 116,677,727 | 3.84 | 11.7% | 2,400,000,000 | 10/24/2019 | 2,400,000,000 | 10/24/2019 | 41.7% | 41.7% | 98.4% |
2 | Loan | 8, 15, 16, 17, 18 | Moffett Towers Buildings A, B & C | 190,300 | 1,020,990 | 56,850,031 | 3.63 | 12.8% | 1,145,000,000 | 10/1/2021 | 995,000,000 | 1/3/2020 | 38.7% | 38.7% | 100.0% |
2.01 | Property | | Moffett Towers Building B | | | | | | 390,000,000 | 10/1/2021 | 329,000,000 | 1/3/2020 | | | 100.0% |
2.02 | Property | | Moffett Towers Building C | | | | | | 383,000,000 | 5/1/2021 | 335,000,000 | 1/3/2020 | | | 100.0% |
2.03 | Property | | Moffett Towers Building A | | | | | | 348,000,000 | 1/3/2020 | 348,000,000 | 1/3/2020 | | | 100.0% |
3 | Loan | 8, 19, 20, 21, 22 | 711 Fifth Avenue | 85,006 | 544,350 | 50,675,427 | 2.90 | 9.3% | 1,000,000,000 | 1/23/2020 | 1,000,000,000 | 1/23/2020 | 54.5% | 54.5% | 76.5% |
4 | Loan | 23, 24, 25 | Saban Self Storage Portfolio | 137,360 | 0 | 6,109,477 | 3.12 | 10.2% | 116,720,000 | 3/6/2020 | 106,280,000 | Various | 51.4% | 51.4% | 86.8% |
4.01 | Property | | StorQuest-Reno/Double R | 16,799 | 0 | 1,150,832 | | | 22,330,000 | 2/5/2020 | 22,330,000 | 2/5/2020 | | | 88.6% |
4.02 | Property | | StorQuest-Sarasota/Clark | 13,490 | 0 | 769,106 | | | 13,500,000 | 2/10/2020 | 13,500,000 | 2/10/2020 | | | 89.6% |
4.03 | Property | | StorQuest-Claremont/Baseline | 10,311 | 0 | 690,529 | | | 12,160,000 | 2/11/2020 | 12,160,000 | 2/11/2020 | | | 87.0% |
4.04 | Property | | StorQuest-Stockton/March | 12,789 | 0 | 691,894 | | | 12,080,000 | 2/10/2020 | 12,080,000 | 2/10/2020 | | | 88.2% |
4.05 | Property | | StorQuest-Bradenton/Manatee | 11,182 | 0 | 425,141 | | | 7,530,000 | 2/10/2020 | 7,530,000 | 2/10/2020 | | | 86.5% |
4.06 | Property | | StorQuest-Friendswood/W Bay Area | 16,515 | 0 | 521,317 | | | 7,270,000 | 2/13/2020 | 7,270,000 | 2/13/2020 | | | 84.0% |
4.07 | Property | | StorQuest-Louisville/Lock | 9,500 | 0 | 373,519 | | | 7,250,000 | 2/15/2020 | 7,250,000 | 2/15/2020 | | | 83.0% |
4.08 | Property | | StorQuest-Loma Linda/Mountain View | 6,502 | 0 | 298,617 | | | 5,570,000 | 2/11/2020 | 5,570,000 | 2/11/2020 | | | 85.4% |
4.09 | Property | | StorQuest-Manitou Springs/Higginbotham | 7,101 | 0 | 249,140 | | | 4,500,000 | 2/14/2020 | 4,500,000 | 2/14/2020 | | | 86.6% |
4.10 | Property | | StorQuest-Dallas/Shady Trail | 8,480 | 0 | 244,319 | | | 3,830,000 | 2/11/2020 | 3,830,000 | 2/11/2020 | | | 82.8% |
4.11 | Property | | StorQuest-Dallas/Denton | 8,394 | 0 | 285,327 | | | 3,670,000 | 2/11/2020 | 3,670,000 | 2/11/2020 | | | 83.6% |
4.12 | Property | | StorQuest-El Paso/Montwood | 8,704 | 0 | 251,837 | | | 3,370,000 | 2/17/2020 | 3,370,000 | 2/17/2020 | | | 91.1% |
4.13 | Property | | StorQuest-Fort Worth/Normandale | 7,594 | 0 | 157,900 | | | 3,220,000 | 2/18/2020 | 3,220,000 | 2/18/2020 | | | 89.5% |
5 | Loan | 8, 10, 26, 27 | 650 Madison Avenue | 150,104 | 1,500,000 | 56,776,391 | 2.74 | 9.7% | 1,210,000,000 | 10/31/2019 | 1,200,000,000 | 10/31/2019 | 48.5% | 48.5% | 97.4% |
6 | Loan | 28, 29 | Chicagoland Industrial Portfolio | 83,202 | 218,326 | 4,708,928 | 2.51 | 9.2% | 83,850,000 | Various | 83,850,000 | Various | 61.0% | 61.0% | 93.6% |
6.01 | Property | | 26051 South Cleveland | 24,539 | 50,631 | 1,168,136 | | | 22,300,000 | 1/29/2020 | 22,300,000 | 1/29/2020 | | | 100.0% |
6.02 | Property | | 180 Ryan Drive | 15,675 | 41,619 | 1,045,147 | | | 17,200,000 | 1/30/2020 | 17,200,000 | 1/30/2020 | | | 100.0% |
6.03 | Property | | 119 East Commerce | 9,797 | 33,574 | 807,303 | | | 12,200,000 | 2/5/2020 | 12,200,000 | 2/5/2020 | | | 100.0% |
6.04 | Property | | 2405 West Haven | 17,139 | 25,420 | 514,799 | | | 15,100,000 | 1/29/2020 | 15,100,000 | 1/29/2020 | | | 68.8% |
6.05 | Property | | 201 Flannigan | 5,040 | 17,101 | 410,351 | | | 6,100,000 | 1/30/2020 | 6,100,000 | 1/30/2020 | | | 100.0% |
6.06 | Property | | 3415 Ohio Avenue | 5,120 | 14,962 | 390,622 | | | 5,600,000 | 2/5/2020 | 5,600,000 | 2/5/2020 | | | 100.0% |
6.07 | Property | | 7850 Grant Street | 2,143 | 21,007 | 210,760 | | | 2,850,000 | 2/5/2020 | 2,850,000 | 2/5/2020 | | | 100.0% |
6.08 | Property | | 9501 Winona | 3,750 | 14,011 | 161,811 | | | 2,500,000 | 2/5/2020 | 2,500,000 | 2/5/2020 | | | 100.0% |
7 | Loan | 8, 30, 31, 32, 33, 34 | City National Plaza | 630,111 | 4,725,391 | 62,415,934 | 4.59 | 11.3% | 1,330,000,000 | 3/2/2020 | 1,330,000,000 | 3/2/2020 | 41.4% | 41.4% | 81.4% |
8 | Loan | 8, 35, 36, 37, 38, 39, 40 | 555 10th Avenue | 166,712 | 119,762 | 26,942,173 | 2.87 | 10.2% | 885,200,000 | 9/25/2019 | 885,200,000 | 9/25/2019 | 29.8% | 29.8% | 96.3% |
9 | Loan | 41, 42 | 297 North 7th & 257 15th Street | 15,256 | 86,000 | 3,069,010 | 2.04 | 7.9% | 65,700,000 | Various | 65,700,000 | Various | 59.4% | 59.4% | 100.0% |
9.01 | Property | | 297 North 7th Street | 7,296 | 66,138 | 1,845,831 | | | 40,700,000 | 1/24/2020 | 40,700,000 | 1/24/2020 | | | 100.0% |
9.02 | Property | | 257 15th Street | 7,960 | 19,863 | 1,223,179 | | | 25,000,000 | 1/27/2020 | 25,000,000 | 1/27/2020 | | | 100.0% |
10 | Loan | 43 | PNC Center | 174,270 | 279,439 | 3,363,684 | 2.91 | 10.3% | 50,250,000 | 1/17/2020 | 50,250,000 | 1/17/2020 | 65.0% | 65.0% | 80.0% |
11 | Loan | 44 | 1427 7th Street | 12,500 | 0 | 1,889,379 | 1.80 | 6.8% | 41,500,000 | 2/18/2020 | 41,500,000 | 2/18/2020 | 66.7% | 66.7% | 96.0% |
12 | Loan | 45, 46, 47 | Grand Street Plaza | 45,889 | 383,974 | 2,871,903 | 3.06 | 10.4% | 44,200,000 | 1/9/2020 | 44,200,000 | 1/9/2020 | 62.4% | 62.4% | 94.6% |
13 | Loan | | 630 Roseville | 31,504 | 133,645 | 2,083,991 | 2.17 | 8.1% | 39,500,000 | 2/7/2020 | 39,500,000 | 2/7/2020 | 65.3% | 65.3% | 100.0% |
14 | Loan | | Hawthorne Gate | 28,500 | 0 | 1,396,022 | 1.28 | 7.8% | 24,020,000 | 12/17/2019 | 24,020,000 | 12/17/2019 | 74.9% | 68.6% | 99.1% |
15 | Loan | | Lakeside Flats | 24,000 | 0 | 1,263,739 | 1.21 | 7.3% | 25,900,000 | 1/6/2020 | 25,900,000 | 1/6/2020 | 66.4% | 60.7% | 98.3% |
16 | Loan | 8, 48, 49, 50 | PCI Pharma Portfolio | 203,428 | 386,514 | 9,693,657 | 2.61 | 8.9% | 165,940,000 | Various | 165,940,000 | Various | 65.4% | 65.4% | 100.0% |
16.01 | Property | 51 | 3001 Red Lion Road | 67,050 | 127,395 | 4,387,141 | | | 75,100,000 | 10/10/2019 | 75,100,000 | 10/10/2019 | | | 100.0% |
16.02 | Property | | 4536 & 4545 Assembly Drive | 115,260 | 218,994 | 2,974,009 | | | 52,600,000 | 10/11/2019 | 52,600,000 | 10/11/2019 | | | 100.0% |
16.03 | Property | | 6166 Nancy Ridge Drive | 5,637 | 10,711 | 1,245,557 | | | 19,800,000 | 10/10/2019 | 19,800,000 | 10/10/2019 | | | 100.0% |
16.04 | Property | | 6146 Nancy Ridge Drive | 3,718 | 7,064 | 821,370 | | | 13,000,000 | 10/10/2019 | 13,000,000 | 10/10/2019 | | | 100.0% |
16.05 | Property | | 1635 & 1639 New Milford School Road | 11,763 | 22,350 | 265,580 | | | 5,440,000 | 10/11/2019 | 5,440,000 | 10/11/2019 | | | 100.0% |
17 | Loan | 52 | Trails of Hudson II | 17,800 | 0 | 1,302,251 | 1.28 | 7.9% | 22,700,000 | 4/2/2020 | 22,700,000 | 4/2/2020 | 72.7% | 59.1% | 96.6% |
18 | Loan | 8, 53, 54, 55 | Midland Atlantic Portfolio | 119,258 | 249,230 | 3,995,214 | 1.56 | 8.9% | 64,150,000 | Various | 64,150,000 | Various | 70.1% | 59.0% | 97.5% |
18.01 | Property | | Parkside Square | 37,587 | 76,346 | 1,011,853 | | | 17,100,000 | 11/16/2019 | 17,100,000 | 11/16/2019 | | | 100.0% |
18.02 | Property | 56 | Maysville Marketsquare | 28,989 | 71,713 | 905,485 | | | 14,425,000 | 11/19/2019 | 14,425,000 | 11/19/2019 | | | 97.2% |
18.03 | Property | | Pinecrest Pointe | 8,923 | 46,266 | 871,240 | | | 14,100,000 | 11/22/2019 | 14,100,000 | 11/22/2019 | | | 100.0% |
18.04 | Property | | Valleydale Marketplace | 16,285 | 25,003 | 483,493 | | | 8,400,000 | 11/22/2019 | 8,400,000 | 11/22/2019 | | | 100.0% |
Control Number | Loan / Property Flag | Footnotes | Property Name | Occupancy Date | ADR ($) | RevPAR ($) | Largest Tenant | Largest Tenant Sq Ft | Largest Tenant Lease Expiration (6) | Second Largest Tenant | Second Largest Tenant Sq Ft | Second Largest Tenant Lease Expiration (6) |
1 | Loan | 8, 9, 10, 11, 12, 13, 14 | 1633 Broadway | 10/31/2019 | NAP | NAP | Allianz Asset Management of America L.P. | 320,911 | 1/31/2031 | WMG Acquisition Corp | 293,888 | 7/31/2029 |
2 | Loan | 8, 15, 16, 17, 18 | Moffett Towers Buildings A, B & C | | NAP | NAP | | | | | | |
2.01 | Property | | Moffett Towers Building B | 1/1/2021 | NAP | NAP | Google | 317,166 | 12/31/2030 | NAP | | |
2.02 | Property | | Moffett Towers Building C | 1/1/2021 | NAP | NAP | Google | 181,196 | 9/30/2027 | Comcast | 111,707 | 10/31/2027 |
2.03 | Property | | Moffett Towers Building A | 1/1/2021 | NAP | NAP | Google | 317,166 | 6/30/2026 | NAP | | |
3 | Loan | 8, 19, 20, 21, 22 | 711 Fifth Avenue | 1/31/2020 | NAP | NAP | SunTrust Banks | 84,516 | 4/30/2024 | Allen & Company | 70,972 | 9/30/2033 |
4 | Loan | 23, 24, 25 | Saban Self Storage Portfolio | | NAP | NAP | | | | | | |
4.01 | Property | | StorQuest-Reno/Double R | 3/9/2020 | NAP | NAP | NAP | | | NAP | | |
4.02 | Property | | StorQuest-Sarasota/Clark | 3/9/2020 | NAP | NAP | NAP | | | NAP | | |
4.03 | Property | | StorQuest-Claremont/Baseline | 3/9/2020 | NAP | NAP | NAP | | | NAP | | |
4.04 | Property | | StorQuest-Stockton/March | 3/9/2020 | NAP | NAP | NAP | | | NAP | | |
4.05 | Property | | StorQuest-Bradenton/Manatee | 3/9/2020 | NAP | NAP | NAP | | | NAP | | |
4.06 | Property | | StorQuest-Friendswood/W Bay Area | 3/9/2020 | NAP | NAP | NAP | | | NAP | | |
4.07 | Property | | StorQuest-Louisville/Lock | 3/9/2020 | NAP | NAP | NAP | | | NAP | | |
4.08 | Property | | StorQuest-Loma Linda/Mountain View | 3/9/2020 | NAP | NAP | NAP | | | NAP | | |
4.09 | Property | | StorQuest-Manitou Springs/Higginbotham | 3/9/2020 | NAP | NAP | NAP | | | NAP | | |
4.10 | Property | | StorQuest-Dallas/Shady Trail | 3/9/2020 | NAP | NAP | NAP | | | NAP | | |
4.11 | Property | | StorQuest-Dallas/Denton | 3/9/2020 | NAP | NAP | NAP | | | NAP | | |
4.12 | Property | | StorQuest-El Paso/Montwood | 3/9/2020 | NAP | NAP | NAP | | | NAP | | |
4.13 | Property | | StorQuest-Fort Worth/Normandale | 3/9/2020 | NAP | NAP | NAP | | | NAP | | |
5 | Loan | 8, 10, 26, 27 | 650 Madison Avenue | 10/1/2019 | NAP | NAP | Ralph Lauren Corporation | 277,016 | 12/31/2024 | Memorial Sloan Kettering Cancer Center | 100,700 | 7/31/2023 |
6 | Loan | 28, 29 | Chicagoland Industrial Portfolio | | NAP | NAP | | | | | | |
6.01 | Property | | 26051 South Cleveland | 12/27/2019 | NAP | NAP | Great Western Malting Company | 125,000 | 4/30/2030 | Barrel Accessories & Supply | 120,388 | 5/31/2027 |
6.02 | Property | | 180 Ryan Drive | 5/6/2020 | NAP | NAP | Pet-Ag, Inc. | 156,750 | 7/31/2034 | NAP | | |
6.03 | Property | | 119 East Commerce | 5/6/2020 | NAP | NAP | Plastic Specialties & Technology | 97,966 | 12/31/2041 | NAP | | |
6.04 | Property | | 2405 West Haven | 12/27/2019 | NAP | NAP | McWANE, Inc. | 67,300 | 2/28/2030 | Far North International, LLC | 50,699 | 6/30/2022 |
6.05 | Property | | 201 Flannigan | 5/6/2020 | NAP | NAP | Adisseo USA Inc. | 50,400 | 5/31/2031 | NAP | | |
6.06 | Property | | 3415 Ohio Avenue | 5/6/2020 | NAP | NAP | Aluma Systems Concrete Construction | 51,200 | 7/31/2028 | NAP | | |
6.07 | Property | | 7850 Grant Street | 5/6/2020 | NAP | NAP | Ricardo, Inc. (subl. To PSI) | 21,425 | 7/31/2034 | NAP | | |
6.08 | Property | | 9501 Winona | 5/6/2020 | NAP | NAP | QCC, LLC | 37,500 | 12/31/2028 | NAP | | |
7 | Loan | 8, 30, 31, 32, 33, 34 | City National Plaza | 3/27/2020 | NAP | NAP | City National Bank | 343,538 | 12/31/2031 | Jones Day | 163,680 | 11/30/2026 |
8 | Loan | 8, 35, 36, 37, 38, 39, 40 | 555 10th Avenue | 3/30/2020 | NAP | NAP | Success Academy | 109,852 | 6/30/2047 | Queen of Queens Nail & Spa | 2,158 | 6/30/2029 |
9 | Loan | 41, 42 | 297 North 7th & 257 15th Street | | NAP | NAP | | | | | | |
9.01 | Property | | 297 North 7th Street | 5/6/2020 | NAP | NAP | Williamsburg Northside School LLC | 36,481 | 8/31/2034 | NAP | | |
9.02 | Property | | 257 15th Street | 1/1/2020 | NAP | NAP | The Park Slope Center | 19,800 | 7/31/2028 | NAP | | |
10 | Loan | 43 | PNC Center | 1/15/2020 | NAP | NAP | PNC Bank | 117,962 | 2/28/2030 | Fund Evaluation Group | 30,326 | 12/31/2031 |
11 | Loan | 44 | 1427 7th Street | 2/11/2020 | NAP | NAP | NAP | | | NAP | | |
12 | Loan | 45, 46, 47 | Grand Street Plaza | 1/1/2020 | NAP | NAP | Legal Aid Society | 26,885 | 1/31/2032 | NY State Court of Claims | 25,476 | 10/31/2024 |
13 | Loan | | 630 Roseville | 5/6/2020 | NAP | NAP | Penumbra, Inc. | 157,518 | 2/28/2035 | NAP | | |
14 | Loan | | Hawthorne Gate | 1/17/2020 | NAP | NAP | NAP | | | NAP | | |
15 | Loan | | Lakeside Flats | 1/30/2020 | NAP | NAP | NAP | | | NAP | | |
16 | Loan | 8, 48, 49, 50 | PCI Pharma Portfolio | | NAP | NAP | | | | | | |
16.01 | Property | 51 | 3001 Red Lion Road | 4/1/2020 | NAP | NAP | PCI Pharma | 447,000 | 10/31/2039 | NAP | | |
16.02 | Property | | 4536 & 4545 Assembly Drive | 4/1/2020 | NAP | NAP | PCI Pharma | 768,400 | 10/31/2039 | NAP | | |
16.03 | Property | | 6166 Nancy Ridge Drive | 4/1/2020 | NAP | NAP | PCI Pharma | 37,583 | 10/31/2039 | NAP | | |
16.04 | Property | | 6146 Nancy Ridge Drive | 4/1/2020 | NAP | NAP | PCI Pharma | 24,785 | 10/31/2039 | NAP | | |
16.05 | Property | | 1635 & 1639 New Milford School Road | 4/1/2020 | NAP | NAP | PCI Pharma | 78,420 | 10/31/2039 | NAP | | |
17 | Loan | 52 | Trails of Hudson II | 4/20/2020 | NAP | NAP | NAP | | | NAP | | |
18 | Loan | 8, 53, 54, 55 | Midland Atlantic Portfolio | | NAP | NAP | | | | | | |
18.01 | Property | | Parkside Square | 12/20/2019 | NAP | NAP | America's Thrift Store | 57,640 | 8/31/2024 | Rouse's Supermarket | 39,684 | 11/30/2025 |
18.02 | Property | 56 | Maysville Marketsquare | 12/20/2019 | NAP | NAP | Kroger | 93,384 | 2/29/2032 | JCPenney | 22,577 | 2/28/2021 |
18.03 | Property | | Pinecrest Pointe | 12/20/2019 | NAP | NAP | Food Lion | 40,160 | 1/8/2024 | Carolina Dance Center, Inc. | 14,575 | 12/31/2021 |
18.04 | Property | | Valleydale Marketplace | 12/20/2019 | NAP | NAP | Walmart Neighborhood Market | 47,653 | 1/27/2030 | Dollar Tree | 9,100 | 2/28/2023 |
Control Number | Loan / Property Flag | Footnotes | Property Name | Third Largest Tenant | Third Largest Tenant Sq Ft | Third Largest Tenant Lease Expiration (6) | Fourth Largest Tenant | 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) |
1 | Loan | 8, 9, 10, 11, 12, 13, 14 | 1633 Broadway | Showtime Networks Inc | 261,196 | 1/31/2026 | Morgan Stanley & Co | 260,829 | 3/31/2032 | Kasowitz Benson Torres | 203,394 | 3/31/2037 |
2 | Loan | 8, 15, 16, 17, 18 | Moffett Towers Buildings A, B & C | | | | | | | | | |
2.01 | Property | | Moffett Towers Building B | NAP | | | NAP | | | NAP | | |
2.02 | Property | | Moffett Towers Building C | Level 10 Construction | 12,944 | 2/29/2024 | Acuitus, Inc. | 11,319 | 8/31/2024 | NAP | | |
2.03 | Property | | Moffett Towers Building A | NAP | | | NAP | | | NAP | | |
3 | Loan | 8, 19, 20, 21, 22 | 711 Fifth Avenue | Ralph Lauren | 38,638 | 6/30/2029 | Loro Piana USA | 24,388 | 8/31/2025 | Sandler Capital | 17,200 | 6/30/2027 |
4 | Loan | 23, 24, 25 | Saban Self Storage Portfolio | | | | | | | | | |
4.01 | Property | | StorQuest-Reno/Double R | NAP | | | NAP | | | NAP | | |
4.02 | Property | | StorQuest-Sarasota/Clark | NAP | | | NAP | | | NAP | | |
4.03 | Property | | StorQuest-Claremont/Baseline | NAP | | | NAP | | | NAP | | |
4.04 | Property | | StorQuest-Stockton/March | NAP | | | NAP | | | NAP | | |
4.05 | Property | | StorQuest-Bradenton/Manatee | NAP | | | NAP | | | NAP | | |
4.06 | Property | | StorQuest-Friendswood/W Bay Area | NAP | | | NAP | | | NAP | | |
4.07 | Property | | StorQuest-Louisville/Lock | NAP | | | NAP | | | NAP | | |
4.08 | Property | | StorQuest-Loma Linda/Mountain View | NAP | | | NAP | | | NAP | | |
4.09 | Property | | StorQuest-Manitou Springs/Higginbotham | NAP | | | NAP | | | NAP | | |
4.10 | Property | | StorQuest-Dallas/Shady Trail | NAP | | | NAP | | | NAP | | |
4.11 | Property | | StorQuest-Dallas/Denton | NAP | | | NAP | | | NAP | | |
4.12 | Property | | StorQuest-El Paso/Montwood | NAP | | | NAP | | | NAP | | |
4.13 | Property | | StorQuest-Fort Worth/Normandale | NAP | | | NAP | | | NAP | | |
5 | Loan | 8, 10, 26, 27 | 650 Madison Avenue | Sotheby's Int'l Realty Inc | 37,772 | 11/30/2035 | Willett Advisors LLC | 25,732 | 12/31/2024 | BC Partners Inc. | 19,380 | 1/31/2027 |
6 | Loan | 28, 29 | Chicagoland Industrial Portfolio | | | | | | | | | |
6.01 | Property | | 26051 South Cleveland | NAP | | | NAP | | | NAP | | |
6.02 | Property | | 180 Ryan Drive | NAP | | | NAP | | | NAP | | |
6.03 | Property | | 119 East Commerce | NAP | | | NAP | | | NAP | | |
6.04 | Property | | 2405 West Haven | NAP | | | NAP | | | NAP | | |
6.05 | Property | | 201 Flannigan | NAP | | | NAP | | | NAP | | |
6.06 | Property | | 3415 Ohio Avenue | NAP | | | NAP | | | NAP | | |
6.07 | Property | | 7850 Grant Street | NAP | | | NAP | | | NAP | | |
6.08 | Property | | 9501 Winona | NAP | | | NAP | | | NAP | | |
7 | Loan | 8, 30, 31, 32, 33, 34 | City National Plaza | Paul Hastings, LLP | 140,891 | 8/31/2032 | M. Arthur Gensler Jr. & Associates | 87,165 | 10/31/2031 | Federal Insurance Company | 77,450 | 2/29/2024 |
8 | Loan | 8, 35, 36, 37, 38, 39, 40 | 555 10th Avenue | Superior Gourmet | 1,593 | 8/31/2033 | Kumon | 1,142 | 7/31/2029 | NAP | | |
9 | Loan | 41, 42 | 297 North 7th & 257 15th Street | | | | | | | | | |
9.01 | Property | | 297 North 7th Street | NAP | | | NAP | | | NAP | | |
9.02 | Property | | 257 15th Street | NAP | | | NAP | | | NAP | | |
10 | Loan | 43 | PNC Center | Pricewaterhouse Coopers | 29,405 | 5/31/2025 | Blank Rome LLP | 18,140 | 6/30/2023 | Kohnen & Patton, LLP | 17,689 | 10/31/2025 |
11 | Loan | 44 | 1427 7th Street | NAP | | | NAP | | | NAP | | |
12 | Loan | 45, 46, 47 | Grand Street Plaza | The County of Westchester | 17,800 | 8/31/2029 | Miller Zeiderman & Wiederkehr | 13,562 | 6/30/2024 | GSA (DEA) | 12,670 | 6/30/2022 |
13 | Loan | | 630 Roseville | NAP | | | NAP | | | NAP | | |
14 | Loan | | Hawthorne Gate | NAP | | | NAP | | | NAP | | |
15 | Loan | | Lakeside Flats | NAP | | | NAP | | | NAP | | |
16 | Loan | 8, 48, 49, 50 | PCI Pharma Portfolio | | | | | | | | | |
16.01 | Property | 51 | 3001 Red Lion Road | NAP | | | NAP | | | NAP | | |
16.02 | Property | | 4536 & 4545 Assembly Drive | NAP | | | NAP | | | NAP | | |
16.03 | Property | | 6166 Nancy Ridge Drive | NAP | | | NAP | | | NAP | | |
16.04 | Property | | 6146 Nancy Ridge Drive | NAP | | | NAP | | | NAP | | |
16.05 | Property | | 1635 & 1639 New Milford School Road | NAP | | | NAP | | | NAP | | |
17 | Loan | 52 | Trails of Hudson II | NAP | | | NAP | | | NAP | | |
18 | Loan | 8, 53, 54, 55 | Midland Atlantic Portfolio | | | | | | | | | |
18.01 | Property | | Parkside Square | Habitat For Humanity Restore | 16,320 | 11/30/2029 | Aaron's Sales and Leasing | 7,500 | 9/30/2020 | El Saltillo Restaurant | 5,000 | 6/30/2024 |
18.02 | Property | 56 | Maysville Marketsquare | Shoe Sensation | 7,000 | 9/30/2023 | Pet Valu, Inc. | 4,000 | 11/30/2026 | Factory Connection | 3,491 | 3/31/2021 |
18.03 | Property | | Pinecrest Pointe | Fitness 19 | 9,600 | 1/31/2022 | Manchester's Grill | 4,143 | 3/31/2026 | NV Nails | 3,075 | 8/31/2026 |
18.04 | Property | | Valleydale Marketplace | Cajun Boys & Our Poboys | 3,214 | 6/30/2023 | Alabama Credit Union | 1,586 | 4/30/2022 | US Nails | 1,500 | 1/31/2027 |
Control Number | Loan / Property Flag | Footnotes | Property Name | Environmental Phase I Report Date | Environmental Phase II | Environmental Phase II Report Date | Engineering Report Date | 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 ($) | Replacement Reserve Caps ($) |
1 | Loan | 8, 9, 10, 11, 12, 13, 14 | 1633 Broadway | 10/30/2019 | No | NAP | 10/30/2019 | NAP | NAP | No | 0 | 0 | 0 | 0 | 0 | 0 | 1,024,605 |
2 | Loan | 8, 15, 16, 17, 18 | Moffett Towers Buildings A, B & C | | | | | | | No | 0 | 282,271 | 0 | 0 | 0 | 15,858 | 0 |
2.01 | Property | | Moffett Towers Building B | 1/14/2020 | No | NAP | 1/14/2020 | 1/14/2020 | 6% | No | | | | | | | |
2.02 | Property | | Moffett Towers Building C | 1/14/2020 | No | NAP | 1/14/2020 | 1/14/2020 | 6% | No | | | | | | | |
2.03 | Property | | Moffett Towers Building A | 1/14/2020 | No | NAP | 1/14/2020 | 1/14/2020 | 6% | No | | | | | | | |
3 | Loan | 8, 19, 20, 21, 22 | 711 Fifth Avenue | 2/3/2020 | No | NAP | 1/30/2020 | NAP | NAP | No | 0 | 0 | 0 | 0 | 0 | 0 | 170,012 |
4 | Loan | 23, 24, 25 | Saban Self Storage Portfolio | | | | | | | No | 0 | 0 | 0 | 0 | 0 | 0 | 412,080 |
4.01 | Property | | StorQuest-Reno/Double R | 3/2/2020 | No | NAP | 3/2/2020 | 2/26/2020 | 11% | No | | | | | | | |
4.02 | Property | | StorQuest-Sarasota/Clark | 2/27/2020 | No | NAP | 2/27/2020 | NAP | NAP | No | | | | | | | |
4.03 | Property | | StorQuest-Claremont/Baseline | 2/27/2020 | No | NAP | 2/28/2020 | 2/27/2020 | 10% | No | | | | | | | |
4.04 | Property | | StorQuest-Stockton/March | 2/28/2020 | No | NAP | 3/4/2020 | 2/27/2020 | 4% | No | | | | | | | |
4.05 | Property | | StorQuest-Bradenton/Manatee | 2/27/2020 | No | NAP | 2/27/2020 | NAP | NAP | No | | | | | | | |
4.06 | Property | | StorQuest-Friendswood/W Bay Area | 2/27/2020 | No | NAP | 2/28/2020 | NAP | NAP | No | | | | | | | |
4.07 | Property | | StorQuest-Louisville/Lock | 2/26/2020 | No | NAP | 3/3/2020 | NAP | NAP | No | | | | | | | |
4.08 | Property | | StorQuest-Loma Linda/Mountain View | 2/27/2020 | No | NAP | 2/28/2020 | 2/26/2020 | 15% | No | | | | | | | |
4.09 | Property | | StorQuest-Manitou Springs/Higginbotham | 2/26/2020 | No | NAP | 2/27/2020 | NAP | NAP | No | | | | | | | |
4.10 | Property | | StorQuest-Dallas/Shady Trail | 2/27/2020 | No | NAP | 2/27/2020 | NAP | NAP | No | | | | | | | |
4.11 | Property | | StorQuest-Dallas/Denton | 2/27/2020 | No | NAP | 2/27/2020 | NAP | NAP | No | | | | | | | |
4.12 | Property | | StorQuest-El Paso/Montwood | 2/27/2020 | No | NAP | 2/28/2020 | NAP | NAP | No | | | | | | | |
4.13 | Property | | StorQuest-Fort Worth/Normandale | 2/27/2020 | No | NAP | 2/27/2020 | NAP | NAP | No | | | | | | | |
5 | Loan | 8, 10, 26, 27 | 650 Madison Avenue | 10/29/2019 | No | NAP | 10/29/2019 | NAP | NAP | No | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
6 | Loan | 28, 29 | Chicagoland Industrial Portfolio | | | | | | | No | 57,274 | 5,727 | 18,484 | 9,242 | 0 | 6,934 | 249,606 |
6.01 | Property | | 26051 South Cleveland | 2/12/2020 | No | NAP | 2/11/2020 | NAP | NAP | No | | | | | | | |
6.02 | Property | | 180 Ryan Drive | 2/12/2020 | No | NAP | 2/12/2020 | NAP | NAP | No | | | | | | | |
6.03 | Property | | 119 East Commerce | 2/12/2020 | No | NAP | 2/12/2020 | NAP | NAP | No | | | | | | | |
6.04 | Property | | 2405 West Haven | 2/12/2020 | No | NAP | 2/12/2020 | NAP | NAP | No | | | | | | | |
6.05 | Property | | 201 Flannigan | 2/12/2020 | No | NAP | 2/12/2020 | NAP | NAP | No | | | | | | | |
6.06 | Property | | 3415 Ohio Avenue | 2/12/2020 | No | NAP | 2/12/2020 | NAP | NAP | No | | | | | | | |
6.07 | Property | | 7850 Grant Street | 2/12/2020 | No | NAP | 2/12/2020 | NAP | NAP | No | | | | | | | |
6.08 | Property | | 9501 Winona | 2/12/2020 | No | NAP | 2/12/2020 | NAP | NAP | No | | | | | | | |
7 | Loan | 8, 30, 31, 32, 33, 34 | City National Plaza | 3/17/2020 | No | NAP | 3/17/2020 | 3/17/2020 | 19% | No | 0 | 0 | 0 | 0 | 0 | 0 | 1,006,754 |
8 | Loan | 8, 35, 36, 37, 38, 39, 40 | 555 10th Avenue | 10/30/2019 | No | NAP | 9/25/2019 | NAP | NAP | No | 47,223 | 23,612 | 0 | 0 | 0 | 9,395 | 0 |
9 | Loan | 41, 42 | 297 North 7th & 257 15th Street | | | | | | | No | 38,731 | 9,683 | 5,603 | 1,868 | 0 | 1,277 | 0 |
9.01 | Property | | 297 North 7th Street | 2/18/2020 | No | NAP | 2/5/2020 | NAP | NAP | No | | | | | | | |
9.02 | Property | | 257 15th Street | 2/5/2020 | No | NAP | 2/5/2020 | NAP | NAP | No | | | | | | | |
10 | Loan | 43 | PNC Center | 1/28/2020 | No | NAP | 1/30/2020 | NAP | NAP | No | 536,199 | 134,050 | 0 | 0 | 225,000 | 14,523 | 0 |
11 | Loan | 44 | 1427 7th Street | 2/19/2020 | No | NAP | 2/21/2020 | 3/9/2020 | 11% | No | 22,109 | 22,109 | 0 | 0 | 0 | 1,083 | 0 |
12 | Loan | 45, 46, 47 | Grand Street Plaza | 11/22/2019 | No | NAP | 11/22/2019 | NAP | NAP | No | 281,013 | 93,671 | 12,765 | 6,383 | 0 | 3,882 | 0 |
13 | Loan | | 630 Roseville | 12/30/2019 | No | NAP | 12/30/2019 | 12/27/2019 | 7% | No | 70,727 | 35,364 | 0 | 0 | 0 | 0 | 0 |
14 | Loan | | Hawthorne Gate | 12/27/2019 | No | NAP | 12/19/2019 | NAP | NAP | No | 33,499 | 4,187 | 0 | 0 | 0 | 1,900 | 50,000 |
15 | Loan | | Lakeside Flats | 1/21/2020 | No | NAP | 1/10/2020 | NAP | NAP | No | 145,422 | 24,237 | 10,413 | 2,603 | 0 | 2,500 | 0 |
16 | Loan | 8, 48, 49, 50 | PCI Pharma Portfolio | | | | | | | No | 0 | 0 | 0 | 0 | 0 | 0 | 311,923 |
16.01 | Property | 51 | 3001 Red Lion Road | 6/6/2019 | No | NAP | 10/15/2019 | NAP | NAP | No | | | | | | | |
16.02 | Property | | 4536 & 4545 Assembly Drive | 6/6/2019 | No | NAP | 10/15/2019 | NAP | NAP | No | | | | | | | |
16.03 | Property | | 6166 Nancy Ridge Drive | 8/21/2019 | No | NAP | 8/21/2019 | 8/21/2019 | 6% | No | | | | | | | |
16.04 | Property | | 6146 Nancy Ridge Drive | 8/21/2019 | No | NAP | 8/21/2019 | 8/21/2019 | 12% | No | | | | | | | |
16.05 | Property | | 1635 & 1639 New Milford School Road | 6/6/2019 | No | NAP | 10/15/2019 | NAP | NAP | No | | | | | | | |
17 | Loan | 52 | Trails of Hudson II | 3/6/2020 | No | NAP | 3/6/2020 | NAP | NAP | No | 102,699 | 25,675 | 0 | 0 | 0 | 1,483 | 54,000 |
18 | Loan | 8, 53, 54, 55 | Midland Atlantic Portfolio | | | | | | | No | 100,632 | 40,245 | 0 | 0 | 0 | 10,123 | 452,757 |
18.01 | Property | | Parkside Square | 11/11/2019 | No | NAP | 11/13/2019 | NAP | NAP | No | | | | | | | |
18.02 | Property | 56 | Maysville Marketsquare | 11/14/2019 | No | NAP | 11/18/2019 | NAP | NAP | No | | | | | | | |
18.03 | Property | | Pinecrest Pointe | 11/12/2019 | No | NAP | 11/13/2019 | NAP | NAP | No | | | | | | | |
18.04 | Property | | Valleydale Marketplace | 11/12/2019 | No | NAP | 11/13/2019 | NAP | NAP | No | | | | | | | |
Control Number | Loan / Property Flag | Footnotes | Property Name | 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, 9, 10, 11, 12, 13, 14 | 1633 Broadway | 0 | 0 | 5,123,024 | 0 | 0 | 0 | 0 | 0 | 0 | 36,389,727 | 0 |
2 | Loan | 8, 15, 16, 17, 18 | Moffett Towers Buildings A, B & C | 53,688,909 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 34,016,766 | 0 |
2.01 | Property | | Moffett Towers Building B | | | | | | | | | | | |
2.02 | Property | | Moffett Towers Building C | | | | | | | | | | | |
2.03 | Property | | Moffett Towers Building A | | | | | | | | | | | |
3 | Loan | 8, 19, 20, 21, 22 | 711 Fifth Avenue | 0 | 0 | 1,020,072 | 0 | 0 | 0 | 0 | 0 | 0 | 3,048,024 | 0 |
4 | Loan | 23, 24, 25 | Saban Self Storage Portfolio | 0 | 0 | 0 | 0 | 0 | 156,903 | 0 | 0 | 0 | 0 | 0 |
4.01 | Property | | StorQuest-Reno/Double R | | | | | | | | | | | |
4.02 | Property | | StorQuest-Sarasota/Clark | | | | | | | | | | | |
4.03 | Property | | StorQuest-Claremont/Baseline | | | | | | | | | | | |
4.04 | Property | | StorQuest-Stockton/March | | | | | | | | | | | |
4.05 | Property | | StorQuest-Bradenton/Manatee | | | | | | | | | | | |
4.06 | Property | | StorQuest-Friendswood/W Bay Area | | | | | | | | | | | |
4.07 | Property | | StorQuest-Louisville/Lock | | | | | | | | | | | |
4.08 | Property | | StorQuest-Loma Linda/Mountain View | | | | | | | | | | | |
4.09 | Property | | StorQuest-Manitou Springs/Higginbotham | | | | | | | | | | | |
4.10 | Property | | StorQuest-Dallas/Shady Trail | | | | | | | | | | | |
4.11 | Property | | StorQuest-Dallas/Denton | | | | | | | | | | | |
4.12 | Property | | StorQuest-El Paso/Montwood | | | | | | | | | | | |
4.13 | Property | | StorQuest-Fort Worth/Normandale | | | | | | | | | | | |
5 | Loan | 8, 10, 26, 27 | 650 Madison Avenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9,576,014 | 0 |
6 | Loan | 28, 29 | Chicagoland Industrial Portfolio | 0 | 17,004 | 816,172 | 0 | 0 | 26,463 | 0 | 0 | 0 | 529,884 | 0 |
6.01 | Property | | 26051 South Cleveland | | | | | | | | | | | |
6.02 | Property | | 180 Ryan Drive | | | | | | | | | | | |
6.03 | Property | | 119 East Commerce | | | | | | | | | | �� | |
6.04 | Property | | 2405 West Haven | | | | | | | | | | | |
6.05 | Property | | 201 Flannigan | | | | | | | | | | | |
6.06 | Property | | 3415 Ohio Avenue | | | | | | | | | | | |
6.07 | Property | | 7850 Grant Street | | | | | | | | | | | |
6.08 | Property | | 9501 Winona | | | | | | | | | | | |
7 | Loan | 8, 30, 31, 32, 33, 34 | City National Plaza | 15,444,167 | 0 | 7,550,652 | 13,606,389 | 0 | 0 | 0 | 0 | 0 | 10,850,414 | 0 |
8 | Loan | 8, 35, 36, 37, 38, 39, 40 | 555 10th Avenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8,438,150 | 0 |
9 | Loan | 41, 42 | 297 North 7th & 257 15th Street | 0 | 9,440 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
9.01 | Property | | 297 North 7th Street | | | | | | | | | | | |
9.02 | Property | | 257 15th Street | | | | | | | | | | | |
10 | Loan | 43 | PNC Center | 2,000,000 | 0 | 2,000,000 | 0 | 0 | 75,000 | 0 | 0 | 0 | 7,382,802 | 0 |
11 | Loan | 44 | 1427 7th Street | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
12 | Loan | 45, 46, 47 | Grand Street Plaza | 0 | 20,833 | 2,000,000 | 0 | 0 | 1,725 | 0 | 0 | 0 | 383,760 | 0 |
13 | Loan | | 630 Roseville | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
14 | Loan | | Hawthorne Gate | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
15 | Loan | | Lakeside Flats | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
16 | Loan | 8, 48, 49, 50 | PCI Pharma Portfolio | 0 | 0 | 2,034,282 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
16.01 | Property | 51 | 3001 Red Lion Road | | | | | | | | | | | |
16.02 | Property | | 4536 & 4545 Assembly Drive | | | | | | | | | | | |
16.03 | Property | | 6166 Nancy Ridge Drive | | | | | | | | | | | |
16.04 | Property | | 6146 Nancy Ridge Drive | | | | | | | | | | | |
16.05 | Property | | 1635 & 1639 New Milford School Road | | | | | | | | | | | |
17 | Loan | 52 | Trails of Hudson II | 0 | 0 | 0 | 510,480 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
18 | Loan | 8, 53, 54, 55 | Midland Atlantic Portfolio | 750,000 | 0 | 750,000 | 0 | 0 | 93,262 | 0 | 0 | 0 | 55,825 | 0 |
18.01 | Property | | Parkside Square | | | | | | | | | | | |
18.02 | Property | 56 | Maysville Marketsquare | | | | | | | | | | | |
18.03 | Property | | Pinecrest Pointe | | | | | | | | | | | |
18.04 | Property | | Valleydale Marketplace | | | | | | | | | | | |
Control Number | Loan / Property Flag | Footnotes | Property Name | Other Reserve Description | Borrower Name |
1 | Loan | 8, 9, 10, 11, 12, 13, 14 | 1633 Broadway | Unfunded Obligations Reserve | PGREF I 1633 Broadway Tower, L.P. and PGREF I 1633 Broadway Land, L.P. |
2 | Loan | 8, 15, 16, 17, 18 | Moffett Towers Buildings A, B & C | Rent Concession Reserve | MT1 ABC LLC |
2.01 | Property | | Moffett Towers Building B | | |
2.02 | Property | | Moffett Towers Building C | | |
2.03 | Property | | Moffett Towers Building A | | |
3 | Loan | 8, 19, 20, 21, 22 | 711 Fifth Avenue | TCO Renewal Reserve ($2,000,000), Unfunded Obligations Reserve ($1,048,024.18) | 711 Fifth Ave Principal Owner LLC |
4 | Loan | 23, 24, 25 | Saban Self Storage Portfolio | | 2300 Bay Area SP, LLC, 11105 Mountain View SP, LLC, 2830 Manatee SP, LLC, 10966 Montwood SP, LLC, 4625 Clark SP, LLC, 1200 Lock SP, LLC, 1840 E March SP, LLC, 10333 Denton SP, LLC, 10815 Double R SP, LLC, 9250 Normandale SP, LLC, 125 Higginbotham SP, LLC, 10317 Shady Trail SP, LLC and 454 W Baseline SP, LLC |
4.01 | Property | | StorQuest-Reno/Double R | | |
4.02 | Property | | StorQuest-Sarasota/Clark | | |
4.03 | Property | | StorQuest-Claremont/Baseline | | |
4.04 | Property | | StorQuest-Stockton/March | | |
4.05 | Property | | StorQuest-Bradenton/Manatee | | |
4.06 | Property | | StorQuest-Friendswood/W Bay Area | | |
4.07 | Property | | StorQuest-Louisville/Lock | | |
4.08 | Property | | StorQuest-Loma Linda/Mountain View | | |
4.09 | Property | | StorQuest-Manitou Springs/Higginbotham | | |
4.10 | Property | | StorQuest-Dallas/Shady Trail | | |
4.11 | Property | | StorQuest-Dallas/Denton | | |
4.12 | Property | | StorQuest-El Paso/Montwood | | |
4.13 | Property | | StorQuest-Fort Worth/Normandale | | |
5 | Loan | 8, 10, 26, 27 | 650 Madison Avenue | Free Rent Reserve ($6,378,315), Unfunded Obligations Reserve ($3,197,699) | 650 Madison Owner LLC |
6 | Loan | 28, 29 | Chicagoland Industrial Portfolio | Free Rent Reserve | Chicago Nine Industrial Winona LLC, Chicago Nine Industrial Ohio LLC, Chicago Nine Industrial Grant LLC, Chicago Nine Industrial Commerce LLC, Chicago Nine Industrial Haven LLC, Chicago Nine Industrial Cleveland LLC, Chicago Nine Industrial Flannigan LLC and Chicago Nine Industrial Ryan LLC |
6.01 | Property | | 26051 South Cleveland | | |
6.02 | Property | | 180 Ryan Drive | | |
6.03 | Property | | 119 East Commerce | | |
6.04 | Property | | 2405 West Haven | | |
6.05 | Property | | 201 Flannigan | | |
6.06 | Property | | 3415 Ohio Avenue | | |
6.07 | Property | | 7850 Grant Street | | |
6.08 | Property | | 9501 Winona | | |
7 | Loan | 8, 30, 31, 32, 33, 34 | City National Plaza | Free Rent Reserve | FSP - South Flower Street Associates, LLC |
8 | Loan | 8, 35, 36, 37, 38, 39, 40 | 555 10th Avenue | Prepaid Rent Reserve ($4,071,483.04); Free Rent Reserve ($3,000,000); Mezzanine Debt Service Earnout Reserve ($1,000,000); Ground Rent Reserve ($366,666.67) | 555 Tenth Avenue LLC, 555 Tenth Avenue II LLC, 555 Tenth Avenue TRS LLC and 555 Tenth Avenue CF LLC |
9 | Loan | 41, 42 | 297 North 7th & 257 15th Street | | 297 North 7 LLC and Fifteenth Street 259-263 LLC |
9.01 | Property | | 297 North 7th Street | | |
9.02 | Property | | 257 15th Street | | |
10 | Loan | 43 | PNC Center | Unfunded Obligations ($4,382,802.39); Lobby Renovations Reserve ($3,000,000) | PNC Center Cincinnati Realty LP |
11 | Loan | 44 | 1427 7th Street | | NMS 14277, LLC |
12 | Loan | 45, 46, 47 | Grand Street Plaza | Unfunded Obligations Reserve | 140 Grand New Owners Corp. and 150 Grand New Owners Corp. |
13 | Loan | | 630 Roseville | | MN 630 Roseville, LLC, DH 630 Roseville, LLC and 630 Roseville Associates, LP |
14 | Loan | | Hawthorne Gate | | Hawthorne Gate LLC |
15 | Loan | | Lakeside Flats | | Lakeside Flats LLC |
16 | Loan | 8, 48, 49, 50 | PCI Pharma Portfolio | | NM PCI, L.P. |
16.01 | Property | 51 | 3001 Red Lion Road | | |
16.02 | Property | | 4536 & 4545 Assembly Drive | | |
16.03 | Property | | 6166 Nancy Ridge Drive | | |
16.04 | Property | | 6146 Nancy Ridge Drive | | |
16.05 | Property | | 1635 & 1639 New Milford School Road | | |
17 | Loan | 52 | Trails of Hudson II | | Trails of Hudson Two LLC |
18 | Loan | 8, 53, 54, 55 | Midland Atlantic Portfolio | Unfunded Obligations Reserve | Midland Maysville, LLC, Midland Valleydale, LLC, Midland Greencastle, LLC, Midland Pinecrest, LLC, Midland Parkside, LLC and Midland Monroe Development Co., LLC |
18.01 | Property | | Parkside Square | | |
18.02 | Property | 56 | Maysville Marketsquare | | |
18.03 | Property | | Pinecrest Pointe | | |
18.04 | Property | | Valleydale Marketplace | | |
Control Number | Loan / Property Flag | Footnotes | Property Name | Delaware Statutory Trust? | Carve-out Guarantor | Loan Purpose | Loan Amount (sources) | Principal's New Cash Contribution (7) | Subordinate Debt | Other Sources | Total Sources |
1 | Loan | 8, 9, 10, 11, 12, 13, 14 | 1633 Broadway | No | None | Refinance | 1,001,000,000 | 0 | 249,000,000 | 0 | 1,250,000,000 |
2 | Loan | 8, 15, 16, 17, 18 | Moffett Towers Buildings A, B & C | No | Paul Guarantor LLC | Refinance | 443,000,000 | 0 | 327,000,000 | 0 | 770,000,000 |
2.01 | Property | | Moffett Towers Building B | | | | | | | | |
2.02 | Property | | Moffett Towers Building C | | | | | | | | |
2.03 | Property | | Moffett Towers Building A | | | | | | | | |
3 | Loan | 8, 19, 20, 21, 22 | 711 Fifth Avenue | No | None | Refinance | 545,000,000 | 60,294,721 | 0 | 0 | 605,294,721 |
4 | Loan | 23, 24, 25 | Saban Self Storage Portfolio | No | None | Refinance | 60,000,000 | 0 | 0 | 0 | 60,000,000 |
4.01 | Property | | StorQuest-Reno/Double R | | | | | | | | |
4.02 | Property | | StorQuest-Sarasota/Clark | | | | | | | | |
4.03 | Property | | StorQuest-Claremont/Baseline | | | | | | | | |
4.04 | Property | | StorQuest-Stockton/March | | | | | | | | |
4.05 | Property | | StorQuest-Bradenton/Manatee | | | | | | | | |
4.06 | Property | | StorQuest-Friendswood/W Bay Area | | | | | | | | |
4.07 | Property | | StorQuest-Louisville/Lock | | | | | | | | |
4.08 | Property | | StorQuest-Loma Linda/Mountain View | | | | | | | | |
4.09 | Property | | StorQuest-Manitou Springs/Higginbotham | | | | | | | | |
4.10 | Property | | StorQuest-Dallas/Shady Trail | | | | | | | | |
4.11 | Property | | StorQuest-Dallas/Denton | | | | | | | | |
4.12 | Property | | StorQuest-El Paso/Montwood | | | | | | | | |
4.13 | Property | | StorQuest-Fort Worth/Normandale | | | | | | | | |
5 | Loan | 8, 10, 26, 27 | 650 Madison Avenue | No | Vornado Realty L.P. and OPG Investment Holdings (US), LLC | Refinance | 586,800,000 | 9,510,787 | 213,200,000 | 20,051,781 | 829,562,568 |
6 | Loan | 28, 29 | Chicagoland Industrial Portfolio | No | Andrew Hayman and Sheldon Yellen | Acquisition | 51,155,000 | 27,003,357 | 0 | 1,918,598 | 80,076,955 |
6.01 | Property | | 26051 South Cleveland | | | | | | | | |
6.02 | Property | | 180 Ryan Drive | | | | | | | | |
6.03 | Property | | 119 East Commerce | | | | | | | | |
6.04 | Property | | 2405 West Haven | | | | | | | | |
6.05 | Property | | 201 Flannigan | | | | | | | | |
6.06 | Property | | 3415 Ohio Avenue | | | | | | | | |
6.07 | Property | | 7850 Grant Street | | | | | | | | |
6.08 | Property | | 9501 Winona | | | | | | | | |
7 | Loan | 8, 30, 31, 32, 33, 34 | City National Plaza | No | None | Refinance | 550,000,000 | 3,576,824 | 0 | 0 | 553,576,824 |
8 | Loan | 8, 35, 36, 37, 38, 39, 40 | 555 10th Avenue | No | Gary Barnett and Extell Limited | Refinance | 400,000,000 | 0 | 140,000,000 | 0 | 540,000,000 |
9 | Loan | 41, 42 | 297 North 7th & 257 15th Street | No | Harry Einhorn | Refinance | 39,000,000 | 0 | 0 | 0 | 39,000,000 |
9.01 | Property | | 297 North 7th Street | | | | | | | | |
9.02 | Property | | 257 15th Street | | | | | | | | |
10 | Loan | 43 | PNC Center | No | Raymond Massa | Acquisition | 32,662,500 | 28,582,764 | 0 | 1,096,573 | 62,341,837 |
11 | Loan | 44 | 1427 7th Street | No | Scott Walter, The Adam 3S 2018 Generational Trust dated December 3, 2018, The Alan 3S 2018 Generational Trust dated December 3, 2018 and The Alexander 3S 2018 Generational Trust dated December 3, 2018 | Refinance | 27,700,000 | 0 | 0 | 0 | 27,700,000 |
12 | Loan | 45, 46, 47 | Grand Street Plaza | No | Jack Sitt | Acquisition | 27,600,000 | 16,167,238 | 0 | 849,059 | 44,616,297 |
13 | Loan | | 630 Roseville | No | HGGP Capital VIII, LLC, HGGP Capital IX, LLC, HGGP Capital X, LLC, HGGP Capital XI, LLC, HGGP Capital XII, LLC, HGGP Capital XIII, LLC and HGGP Capital XIV, LP | Acquisition | 25,800,000 | 14,458,065 | 0 | 0 | 40,258,065 |
14 | Loan | | Hawthorne Gate | No | David M. Conwill, Steven B. Kimmelman and Leslie S.R. Leohr | Refinance | 18,000,000 | 0 | 0 | 0 | 18,000,000 |
15 | Loan | | Lakeside Flats | No | Jon Malinski | Refinance | 17,200,000 | 0 | 0 | 0 | 17,200,000 |
16 | Loan | 8, 48, 49, 50 | PCI Pharma Portfolio | No | New Mountain Net Lease Corporation and New Mountain Net Lease Partners Corporation | Acquisition | 108,500,000 | 56,150,656 | 0 | 0 | 164,650,656 |
16.01 | Property | 51 | 3001 Red Lion Road | | | | | | | | |
16.02 | Property | | 4536 & 4545 Assembly Drive | | | | | | | | |
16.03 | Property | | 6166 Nancy Ridge Drive | | | | | | | | |
16.04 | Property | | 6146 Nancy Ridge Drive | | | | | | | | |
16.05 | Property | | 1635 & 1639 New Milford School Road | | | | | | | | |
17 | Loan | 52 | Trails of Hudson II | No | David M. Conwill, Steven B. Kimmelman and Leslie S.R. Leohr | Refinance | 16,500,000 | 0 | 0 | 0 | 16,500,000 |
18 | Loan | 8, 53, 54, 55 | Midland Atlantic Portfolio | No | John I. Silverman, Aaron Boyle and Jeffrey M. Vittert | Refinance | 45,000,000 | 0 | 0 | 0 | 45,000,000 |
18.01 | Property | | Parkside Square | | | | | | | | |
18.02 | Property | 56 | Maysville Marketsquare | | | | | | | | |
18.03 | Property | | Pinecrest Pointe | | | | | | | | |
18.04 | Property | | Valleydale Marketplace | | | | | | | | |
Control Number | Loan / Property Flag | Footnotes | Property Name | Loan Payoff | Purchase Price | Closing Costs | Reserves | Principal Equity Distribution | Other Uses | Total Uses | Lockbox | Cash Management |
1 | Loan | 8, 9, 10, 11, 12, 13, 14 | 1633 Broadway | 1,052,884,467 | 0 | 20,840,154 | 36,389,727 | 139,885,652 | 0 | 1,250,000,000 | Hard | Springing |
2 | Loan | 8, 15, 16, 17, 18 | Moffett Towers Buildings A, B & C | 364,012,737 | 0 | 4,197,937 | 87,705,675 | 314,083,651 | 0 | 770,000,000 | Hard | In Place |
2.01 | Property | | Moffett Towers Building B | | | | | | | | | |
2.02 | Property | | Moffett Towers Building C | | | | | | | | | |
2.03 | Property | | Moffett Towers Building A | | | | | | | | | |
3 | Loan | 8, 19, 20, 21, 22 | 711 Fifth Avenue | 598,153,683 | 0 | 4,093,014 | 3,048,024 | 0 | 0 | 605,294,721 | Hard | Springing |
4 | Loan | 23, 24, 25 | Saban Self Storage Portfolio | 45,084,933 | 0 | 1,151,559 | 156,903 | 13,606,605 | 0 | 60,000,000 | Springing | Springing |
4.01 | Property | | StorQuest-Reno/Double R | | | | | | | | | |
4.02 | Property | | StorQuest-Sarasota/Clark | | | | | | | | | |
4.03 | Property | | StorQuest-Claremont/Baseline | | | | | | | | | |
4.04 | Property | | StorQuest-Stockton/March | | | | | | | | | |
4.05 | Property | | StorQuest-Bradenton/Manatee | | | | | | | | | |
4.06 | Property | | StorQuest-Friendswood/W Bay Area | | | | | | | | | |
4.07 | Property | | StorQuest-Louisville/Lock | | | | | | | | | |
4.08 | Property | | StorQuest-Loma Linda/Mountain View | | | | | | | | | |
4.09 | Property | | StorQuest-Manitou Springs/Higginbotham | | | | | | | | | |
4.10 | Property | | StorQuest-Dallas/Shady Trail | | | | | | | | | |
4.11 | Property | | StorQuest-Dallas/Denton | | | | | | | | | |
4.12 | Property | | StorQuest-El Paso/Montwood | | | | | | | | | |
4.13 | Property | | StorQuest-Fort Worth/Normandale | | | | | | | | | |
5 | Loan | 8, 10, 26, 27 | 650 Madison Avenue | 800,000,000 | 0 | 5,828,767 | 9,576,014 | 0 | 14,157,786 | 829,562,568 | Hard | Springing |
6 | Loan | 28, 29 | Chicagoland Industrial Portfolio | 0 | 78,700,000 | 744,851 | 632,103 | 0 | 0 | 80,076,955 | Springing | Springing |
6.01 | Property | | 26051 South Cleveland | | | | | | | | | |
6.02 | Property | | 180 Ryan Drive | | | | | | | | | |
6.03 | Property | | 119 East Commerce | | | | | | | | | |
6.04 | Property | | 2405 West Haven | | | | | | | | | |
6.05 | Property | | 201 Flannigan | | | | | | | | | |
6.06 | Property | | 3415 Ohio Avenue | | | | | | | | | |
6.07 | Property | | 7850 Grant Street | | | | | | | | | |
6.08 | Property | | 9501 Winona | | | | | | | | | |
7 | Loan | 8, 30, 31, 32, 33, 34 | City National Plaza | 510,771,863 | 0 | 2,903,991 | 39,900,970 | 0 | 0 | 553,576,824 | Hard | Springing |
8 | Loan | 8, 35, 36, 37, 38, 39, 40 | 555 10th Avenue | 507,009,000 | 0 | 22,939,849 | 8,485,373 | 0 | 1,565,778 | 540,000,000 | Soft (Multifamily); Hard (Retail) | In Place |
9 | Loan | 41, 42 | 297 North 7th & 257 15th Street | 21,607,409 | 0 | 1,128,265 | 44,334 | 16,219,992 | 0 | 39,000,000 | Springing | Springing |
9.01 | Property | | 297 North 7th Street | | | | | | | | | |
9.02 | Property | | 257 15th Street | | | | | | | | | |
10 | Loan | 43 | PNC Center | 0 | 50,250,000 | 1,872,835 | 10,219,002 | 0 | 0 | 62,341,837 | Hard | Springing |
11 | Loan | 44 | 1427 7th Street | 22,498,150 | 0 | 441,470 | 22,109 | 4,738,271 | 0 | 27,700,000 | Springing | Springing |
12 | Loan | 45, 46, 47 | Grand Street Plaza | 0 | 42,450,000 | 1,487,034 | 679,263 | 0 | 0 | 44,616,297 | Hard | Springing |
13 | Loan | | 630 Roseville | 0 | 39,450,000 | 721,041 | 70,727 | 0 | 16,297 | 40,258,065 | Hard | Springing |
14 | Loan | | Hawthorne Gate | 13,711,423 | 0 | 472,630 | 33,499 | 3,782,448 | 0 | 18,000,000 | None | None |
15 | Loan | | Lakeside Flats | 16,200,167 | 0 | 205,907 | 155,835 | 638,091 | 0 | 17,200,000 | None | None |
16 | Loan | 8, 48, 49, 50 | PCI Pharma Portfolio | 0 | 164,395,051 | 255,605 | 0 | 0 | 0 | 164,650,656 | Hard | Springing |
16.01 | Property | 51 | 3001 Red Lion Road | | | | | | | | | |
16.02 | Property | | 4536 & 4545 Assembly Drive | | | | | | | | | |
16.03 | Property | | 6166 Nancy Ridge Drive | | | | | | | | | |
16.04 | Property | | 6146 Nancy Ridge Drive | | | | | | | | | |
16.05 | Property | | 1635 & 1639 New Milford School Road | | | | | | | | | |
17 | Loan | 52 | Trails of Hudson II | 11,083,757 | 0 | 424,394 | 613,179 | 4,378,670 | 0 | 16,500,000 | None | None |
18 | Loan | 8, 53, 54, 55 | Midland Atlantic Portfolio | 36,900,829 | 0 | 960,979 | 999,720 | 6,138,472 | 0 | 45,000,000 | Springing | Springing |
18.01 | Property | | Parkside Square | | | | | | | | | |
18.02 | Property | 56 | Maysville Marketsquare | | | | | | | | | |
18.03 | Property | | Pinecrest Pointe | | | | | | | | | |
18.04 | Property | | Valleydale Marketplace | | | | | | | | | |
Control Number | Loan / Property Flag | Footnotes | Property Name | Cash Management Triggers | Ground Lease Y/N | Ground Lease Expiration Date | Annual Ground Lease Payment ($) |
1 | Loan | 8, 9, 10, 11, 12, 13, 14 | 1633 Broadway | (i) the occurrence of an Event of Default, (ii) Debt Yield is less than 5.75%, (iii) failure to deliver financial statements as required in the Loan Agreement | No | | |
2 | Loan | 8, 15, 16, 17, 18 | Moffett Towers Buildings A, B & C | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x, (iii) the commencement of a Lease Sweep Period, (iv) the occurrence of a New Mezzanine Loan Default | | | |
2.01 | Property | | Moffett Towers Building B | | No | | |
2.02 | Property | | Moffett Towers Building C | | No | | |
2.03 | Property | | Moffett Towers Building A | | No | | |
3 | Loan | 8, 19, 20, 21, 22 | 711 Fifth Avenue | (i) the occurrence of an Event of Default, (ii) Debt Yield is less than 7.0%, (iii) the occurrence of an Event of Default under any New Mezzanine Loan or Approved Mezzanine Loan, (iv) the occurrence of a Downgraded Tenant Sweep, (v) the occurrence of a Tenant Rollover Sweep, (vi) the occurrence of a TCO Renewal Failure | No | | |
4 | Loan | 23, 24, 25 | Saban Self Storage Portfolio | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.10x, (iii) failure to deliver financial statements as required in the Loan Agreement | | | |
4.01 | Property | | StorQuest-Reno/Double R | | No | | |
4.02 | Property | | StorQuest-Sarasota/Clark | | No | | |
4.03 | Property | | StorQuest-Claremont/Baseline | | No | | |
4.04 | Property | | StorQuest-Stockton/March | | No | | |
4.05 | Property | | StorQuest-Bradenton/Manatee | | No | | |
4.06 | Property | | StorQuest-Friendswood/W Bay Area | | No | | |
4.07 | Property | | StorQuest-Louisville/Lock | | No | | |
4.08 | Property | | StorQuest-Loma Linda/Mountain View | | No | | |
4.09 | Property | | StorQuest-Manitou Springs/Higginbotham | | No | | |
4.10 | Property | | StorQuest-Dallas/Shady Trail | | No | | |
4.11 | Property | | StorQuest-Dallas/Denton | | No | | |
4.12 | Property | | StorQuest-El Paso/Montwood | | No | | |
4.13 | Property | | StorQuest-Fort Worth/Normandale | | No | | |
5 | Loan | 8, 10, 26, 27 | 650 Madison Avenue | (i) the occurrence of an Event of Default, (ii) Debt Yield is less than 6.0% | No | | |
6 | Loan | 28, 29 | Chicagoland Industrial Portfolio | (i) the occurrence of an Event of Default, (ii) Debt Yield is less than 7.25% | | | |
6.01 | Property | | 26051 South Cleveland | | No | | |
6.02 | Property | | 180 Ryan Drive | | No | | |
6.03 | Property | | 119 East Commerce | | No | | |
6.04 | Property | | 2405 West Haven | | No | | |
6.05 | Property | | 201 Flannigan | | No | | |
6.06 | Property | | 3415 Ohio Avenue | | No | | |
6.07 | Property | | 7850 Grant Street | | No | | |
6.08 | Property | | 9501 Winona | | No | | |
7 | Loan | 8, 30, 31, 32, 33, 34 | City National Plaza | (i) the occurrence of an Event of Default, (ii) Debt Yield is less than 6.5%, (iii) the occurrence of a Mezzanine Loan Default | No | | |
8 | Loan | 8, 35, 36, 37, 38, 39, 40 | 555 10th Avenue | (i) the occurrence of an Event of Default, (ii) Mortgage Loan DSCR is less than 1.70x or Total Loan DSCR is less than 1.10x, (iii) Mezzanine Loan Default Sweep Event | Yes | 8/21/2110 | 2,200,000 |
9 | Loan | 41, 42 | 297 North 7th & 257 15th Street | (i) the occurrence of an Event of Default, (ii) Debt Yield is less than 7.25%, (iii) Specified Tenant Trigger Period | | | |
9.01 | Property | | 297 North 7th Street | | No | | |
9.02 | Property | | 257 15th Street | | No | | |
10 | Loan | 43 | PNC Center | (i) the occurrence of an Event of Default, (ii) Debt Yield is less than 7.75%, (iii) Specified Tenant Trigger Period | No | | |
11 | Loan | 44 | 1427 7th Street | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.10x, (iii) failure to deliver financial statements as required in the Loan Agreement | No | | |
12 | Loan | 45, 46, 47 | Grand Street Plaza | (i) the occurrence of an Event of Default, (ii) Debt Yield is less than 7.0% | No | | |
13 | Loan | | 630 Roseville | (i) the occurrence of an Event of Default, (ii) Debt Yield is less than 7.0%, (iii) Specified Tenant Trigger Period | No | | |
14 | Loan | | Hawthorne Gate | (i) the occurrence of an Event of Default, (ii) commencing with the fiscal quarter beginning on January 1, 2021, DSCR is less than 1.05x, (iii) failure to deliver financial statements as required in the Loan Agreement | No | | |
15 | Loan | | Lakeside Flats | (i) the occurrence of an Event of Default, (ii) Net Operating Income is less than 85% of Closing Date NOI, (iii) failure to deliver financial statements as required in the Loan Agreement | No | | |
16 | Loan | 8, 48, 49, 50 | PCI Pharma Portfolio | (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) bankruptcy action of Master Tenant, (v) the occurrence of a Go-Dark Event, (vi) the occurrence of a Downgrade Trigger | | | |
16.01 | Property | 51 | 3001 Red Lion Road | | No | | |
16.02 | Property | | 4536 & 4545 Assembly Drive | | No | | |
16.03 | Property | | 6166 Nancy Ridge Drive | | No | | |
16.04 | Property | | 6146 Nancy Ridge Drive | | No | | |
16.05 | Property | | 1635 & 1639 New Milford School Road | | No | | |
17 | Loan | 52 | Trails of Hudson II | (i) the occurrence of an Event of Default, (ii) commencing with the fiscal quarter beginning on July 1, 2020, DSCR is less than 1.15x, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) any monthly deposits are required to be made to the Debt Service Reserve Account | No | | |
18 | Loan | 8, 53, 54, 55 | Midland Atlantic Portfolio | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x, (iii) failure to deliver financial statements as required in the Loan Agreement | | | |
18.01 | Property | | Parkside Square | | No | | |
18.02 | Property | 56 | Maysville Marketsquare | | No | | |
18.03 | Property | | Pinecrest Pointe | | No | | |
18.04 | Property | | Valleydale Marketplace | | No | | |
| | | | | | | |
Control Number | Loan / Property Flag | Footnotes | Property Name | Cash Management Triggers | Ground Lease Y/N | Ground Lease Expiration Date | Annual Ground Lease Payment ($) |
18.05 | Property | | Putnam Plaza | | No | | |
18.06 | Property | | Heritage Plaza | | No | | |
19 | Loan | 57 | 45 Newel Street | (i) the occurrence of an Event of Default, (ii) Debt Yield is less than 6.5% | No | | |
20 | Loan | 8, 58, 59 | 525 Market Street | (i) the occurrence of an Event of Default, (ii) Debt Yield is less than 5.50%, (iii) the occurrence of an Amazon Rollover Period | No | | |
21 | Loan | 60 | Shoppes at Haydens Crossing | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) the occurrence of a Rollover Trigger Event | No | | |
22 | Loan | | United Market Street | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.35x, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) the occurrence of a Critical Tenant Trigger Event | No | | |
23 | Loan | | Savannah Ridge II | (i) the occurrence of an Event of Default, (ii) commencing with the fiscal quarter beginning on April 1, 2021, DSCR is less than 1.05x, (iii) failure to deliver financial statements as required in the Loan Agreement | No | | |
24 | Loan | | Fisher Trails | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x | No | | |
25 | Loan | | Harvard Oaks Apartments | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x, (iii) failure to deliver financial statements as required in the Loan Agreement | No | | |
26 | Loan | | 910 81st Street | (i) the occurrence of an Event of Default, (ii) Debt Yield is less than 6.0% | No | | |
27 | Loan | | Stratford Square Apartments | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x | No | | |
28 | Loan | | Arbor Apartments | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.10x | No | | |
29 | Loan | | Werner Industrial | (i) the occurrence of an Event of Default, (ii) Debt Yield is less than 8.5%, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) the occurrence of a Major Lease Trigger Event | No | | |
Control Number | Loan / Property Flag | Footnotes | Property Name | 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, 9, 10, 11, 12, 13, 14 | 1633 Broadway | 936,000,000 | 249,000,000 | 2.99000% | | Yes | NAP | 1 |
2 | Loan | 8, 15, 16, 17, 18 | Moffett Towers Buildings A, B & C | 378,000,000 | 327,000,000 | 3.49000% | | Yes | NAP | 2 |
2.01 | Property | | Moffett Towers Building B | | | | | Yes | NAP | 2.01 |
2.02 | Property | | Moffett Towers Building C | | | | | Yes | NAP | 2.02 |
2.03 | Property | | Moffett Towers Building A | | | | | Yes | NAP | 2.03 |
3 | Loan | 8, 19, 20, 21, 22 | 711 Fifth Avenue | 482,500,000 | | | | Yes | NAP | 3 |
4 | Loan | 23, 24, 25 | Saban Self Storage Portfolio | | | | | Yes | NAP | 4 |
4.01 | Property | | StorQuest-Reno/Double R | | | | | Yes | NAP | 4.01 |
4.02 | Property | | StorQuest-Sarasota/Clark | | | | | Yes | NAP | 4.02 |
4.03 | Property | | StorQuest-Claremont/Baseline | | | | | Yes | NAP | 4.03 |
4.04 | Property | | StorQuest-Stockton/March | | | | | Yes | NAP | 4.04 |
4.05 | Property | | StorQuest-Bradenton/Manatee | | | | | Yes | NAP | 4.05 |
4.06 | Property | | StorQuest-Friendswood/W Bay Area | | | | | Yes | NAP | 4.06 |
4.07 | Property | | StorQuest-Louisville/Lock | | | | | Yes | NAP | 4.07 |
4.08 | Property | | StorQuest-Loma Linda/Mountain View | | | | | Yes | NAP | 4.08 |
4.09 | Property | | StorQuest-Manitou Springs/Higginbotham | | | | | Yes | NAP | 4.09 |
4.10 | Property | | StorQuest-Dallas/Shady Trail | | | | | Yes | NAP | 4.10 |
4.11 | Property | | StorQuest-Dallas/Denton | | | | | Yes | NAP | 4.11 |
4.12 | Property | | StorQuest-El Paso/Montwood | | | | | Yes | NAP | 4.12 |
4.13 | Property | | StorQuest-Fort Worth/Normandale | | | | | Yes | NAP | 4.13 |
5 | Loan | 8, 10, 26, 27 | 650 Madison Avenue | 535,350,000 | 213,200,000 | 3.48600% | | Yes | NAP | 5 |
6 | Loan | 28, 29 | Chicagoland Industrial Portfolio | | | | | Yes | NAP | 6 |
6.01 | Property | | 26051 South Cleveland | | | | | Yes | NAP | 6.01 |
6.02 | Property | | 180 Ryan Drive | | | | | Yes | NAP | 6.02 |
6.03 | Property | | 119 East Commerce | | | | | Yes | NAP | 6.03 |
6.04 | Property | | 2405 West Haven | | | | | Yes | NAP | 6.04 |
6.05 | Property | | 201 Flannigan | | | | | Yes | NAP | 6.05 |
6.06 | Property | | 3415 Ohio Avenue | | | | | Yes | NAP | 6.06 |
6.07 | Property | | 7850 Grant Street | | | | | Yes | NAP | 6.07 |
6.08 | Property | | 9501 Winona | | | | | Yes | NAP | 6.08 |
7 | Loan | 8, 30, 31, 32, 33, 34 | City National Plaza | 500,000,000 | | | | Yes | NAP | 7 |
8 | Loan | 8, 35, 36, 37, 38, 39, 40 | 555 10th Avenue | 213,400,000 | 136,600,000 | 3.52000% | 140,000,000 | Yes | NAP | 8 |
9 | Loan | 41, 42 | 297 North 7th & 257 15th Street | | | | | Yes | NAP | 9 |
9.01 | Property | | 297 North 7th Street | | | | | Yes | NAP | 9.01 |
9.02 | Property | | 257 15th Street | | | | | Yes | NAP | 9.02 |
10 | Loan | 43 | PNC Center | | | | | Yes | NAP | 10 |
11 | Loan | 44 | 1427 7th Street | | | | | Yes | NAP | 11 |
12 | Loan | 45, 46, 47 | Grand Street Plaza | | | | | Yes | NAP | 12 |
13 | Loan | | 630 Roseville | | | | | Yes | NAP | 13 |
14 | Loan | | Hawthorne Gate | | | | | Yes | NAP | 14 |
15 | Loan | | Lakeside Flats | | | | | Yes | NAP | 15 |
16 | Loan | 8, 48, 49, 50 | PCI Pharma Portfolio | 91,750,000 | | | | Yes | NAP | 16 |
16.01 | Property | 51 | 3001 Red Lion Road | | | | | Yes | NAP | 16.01 |
16.02 | Property | | 4536 & 4545 Assembly Drive | | | | | Yes | NAP | 16.02 |
16.03 | Property | | 6166 Nancy Ridge Drive | | | | | Yes | NAP | 16.03 |
16.04 | Property | | 6146 Nancy Ridge Drive | | | | | Yes | NAP | 16.04 |
16.05 | Property | | 1635 & 1639 New Milford School Road | | | | | Yes | NAP | 16.05 |
17 | Loan | 52 | Trails of Hudson II | | | | | Yes | NAP | 17 |
18 | Loan | 8, 53, 54, 55 | Midland Atlantic Portfolio | 30,500,000 | | | | Yes | NAP | 18 |
18.01 | Property | | Parkside Square | | | | | Yes | NAP | 18.01 |
18.02 | Property | 56 | Maysville Marketsquare | | | | | Yes | NAP | 18.02 |
18.03 | Property | | Pinecrest Pointe | | | | | Yes | NAP | 18.03 |
18.04 | Property | | Valleydale Marketplace | | | | | Yes | NAP | 18.04 |
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. |
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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, 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 1633 Broadway Whole Loan was co-originated by Goldman Sachs Bank USA, JPMorgan Chase Bank, National Association, DBR Investments Co. Limited and Wells Fargo Bank, National Association. |
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(10) | The lockout period will be at least 29 payment dates beginning with and including the First Due Date in January 2020. For the purpose of this prospectus, the assumed lockout period of 29 payment dates is based on the expected GSMS 2020-GC47 securitization closing date in May 2020. The actual lockout period may be longer. |
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(11) | The Mortgaged Property includes 145,192 SF of theater space, constituting approximately 5.7% of the net rentable area at the Mortgaged Property, and approximately 80,000 SF of retail space, constituting approximately 3.1% of the net rentable area at the Mortgaged Property, of which approximately 40,000 SF is vacant. |
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(12) | The Largest Tenant, Allianz Asset Management of America L.P., subleases 20,600 SF of suite 4600 (totaling 54,118 SF) to Triumph Hospitality at a base rent of $46.80 PSF through December 30, 2030. Triumph Hospitality further subleases 3,000 SF of suite 4600 to Stein Adler Dabah & Zelkowitz at a base rent of $41.33 PSF through July 31, 2022. Underwritten base rent is based on the contractual rent under the prime lease. |
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(13) | The Second Largest Tenant, WMG Acquisition Corp, subleases 3,815 SF of suite 0400 (totaling 36,854 SF) to Cooper Investment Partners LLC at a base rent of $58.37 PSF on a month-to-month basis. Underwritten base rent is based on the contractual rent under the prime lease. |
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(14) | The Fifth Largest Tenant, Kasowitz Benson Torres, subleases a collective 32,487 SF of suite 2200 (totaling 50,718 SF) to three tenants. Delcath Systems, Inc. subleases 6,877 SF and pays a rent of $68.50 PSF through February 28, 2021; Avalonbay Communities subleases 12,145 SF through October 31, 2026 and pays a current rent of $74.00 PSF; Cresa New York subleases 13,195 SF and pays a rent of $65.00 PSF through April 30, 2021. Underwritten base rent is based on the contractual rent under the prime lease. |
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(15) | The Moffett Towers Buildings A, B & C Whole Loan was co-originated by Goldman Sachs Bank USA, DBR Investments Co. Limited and JPMorgan Chase Bank, National Association. |
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(16) | Yield Maintenance of the full $770 million Moffett Towers Buildings A, B & C Whole Loan is permitted at any time on or after the prepayment lockout period, which is March 6, 2022. In addition, defeasance of the full Moffett Towers Buildings A, B & C Whole Loan is permitted at any time after the defeasance lockout period, which date is the earlier to occur of (a) February 6, 2023 and (b) the second anniversary of the closing date of the securitization which includes the last pari passu note to be securitized. The assumed defeasance lockout period of 27 payment dates is based on the expected GSMS 2020-GC47 securitization closing date in May 2020. The actual lockout period may be longer. |
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(17) | The Cut-off Date LTV Ratio and LTV Ratio at Maturity are calculated utilizing the “as stabilized” portfolio appraised value of $1,145,000,000 as of October 1, 2021, which assumes that both Google and Comcast take occupancy at the Mortgaged Properties and are paying unabated rent as of October 1, 2021. The Cut-off Date LTV Ratio and LTV Ratio at Maturity calculated based on the “as-is” appraised value of $995,000,000, as of January 3, 2020, are both 44.5%. |
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(18) | The Mortgaged Property is part of the Moffett Towers Campus. The Moffett Towers Campus includes a certain common area amenities parcel, which is owned by the Moffett Towers Building H & Amenities Parcel Association LLC. The Moffett Towers Campus also includes a Lot 1 common area, which is owned by the Moffett Towers Lot 1 Association LLC. Building owners within the Moffett Towers Campus are members of the associations and share the right to use these areas by virtue of such membership. There is no allocation of the common area amenities to any particular building, and the common areas are not included in the collateral. |
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(19) | The 711 Fifth Avenue Whole Loan was co-originated by Goldman Sachs Bank USA and Bank of America, N.A. |
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(20) | The lockout period will be at least 26 payment dates beginning with and including the First Due Date in April 2020. For the purpose of this prospectus, the assumed lockout period of 26 payment dates is based on the expected GSMS 2020-GC47 securitization closing date in May 2020. The actual lockout period may be longer. |
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(21) | At origination, the borrower funded $2,000,000 for estimated costs in connection with obtaining a new temporary or permanent certificate of occupancy to replace the temporary certificate of occupancy that expired in November 2019. The borrower obtained a temporary certificate of occupancy that was effective as of March 24, 2020, and disbursement of the $2,000,000 to the borrower is in process. |
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(22) | The Third Largest Tenant, Ralph Lauren, representing approximately 11.4% of the net rentable area, is dark with respect to 38,638 SF of its space. The tenant continues to operate the 7,436 SF Polo Bar at the Mortgaged Property. |
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(23) | The Cut-off Date LTV Ratio and LTV Ratio at Maturity are calculated on the basis of the aggregate “as-is” appraised value of $106,280,000 plus an approximately 9.8% portfolio premium. Excluding the portfolio premium, the Cut-off Date LTV Ratio and LTV Ratio at Maturity on the basis of the aggregate “as-is” appraised value are both 56.5%. |
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(24) | Occupancy is based upon units at the Mortgaged Properties. Total SF for each Mortgaged Property is available, however SF per unit is not available. |
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(25) | The Replacement Reserve Cap is calculated as the product of (x) $0.51 times (y) the aggregate number of rentable SF then contained in the Mortgaged Properties. As of the Cut-off Date, the aggregate number of rentable SF is 808,002. |
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(26) | The 650 Madison Avenue Whole Loan was co-originated by Citi Real Estate Funding Inc., Goldman Sachs Bank USA, Barclays Capital Real Estate Inc. and BMO Harris Bank N.A. |
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(27) | The Mortgaged Property's Appraised Value ($) of $1,210,000,000, represents the "Hypothetical As Is" appraised value as of October 31, 2019, which assumes that the Mortgaged Property will have in-place reserves of approximately $10,000,000 at loan origination. The “as-is” appraised value of the Mortgaged Property is $1,200,000,000 as of October 31, 2019, and results in a Cut-off Date LTV Ratio and LTV Ratio at Maturity of 48.9%. |
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(28) | The sole tenant at the 7850 Grant Street Mortgaged Property, Ricardo, Inc. subleases 100% of its space (21,425 SF) to Power Solutions International, Inc. which sublease is coterminous with the original lease, which expires on July 31, 2034. Power Solutions International, Inc. pays the same rent as Ricardo, Inc. |
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(29) | The 26051 South Cleveland Mortgaged Property benefits from tax increment financing pursuant to a 2018 redevelopment agreement, amended in 2019, pursuant to which the Village of Monee, Illinois, agreed to finance certain project costs associated with the construction and development of the 26051 South Cleveland Mortgaged Property. The related appraisal concluded that the benefit of the tax increment financing is approximately $4,014,713 over a 12-year period ending in or around 2032. The related borrower collaterally assigned its interest in the redevelopment agreement to the lender in connection with the origination of the Mortgage Loan, but the Village of Monee has not yet agreed to consent to such collateral assignment. There can be no assurances that such refinancing will remain in effect for the term of the Mortgage Loan, or that the Village of Monee will consent to such collateral assignment. |
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(30) | The City National Plaza Whole Loan was co-originated by Goldman Sachs Bank USA and Morgan Stanley Bank, N.A. |
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(31) | Yield Maintenance of the full $550 million City National Plaza Whole Loan is permitted at any time. In addition, defeasance of the full City National Plaza Whole Loan is permitted at any time after the defeasance lockout period, which date is the earlier to occur of (a) March 25, 2023 and (b) the second anniversary of the closing date of the securitization which includes the last pari passu note to be securitized. The assumed defeasance lockout period of 25 payment dates is based on the expected GSMS 2020-GC47 securitization closing date in May 2020. The actual lockout period may be longer. |
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(32) | The Largest Tenant, City National Bank, leases 25,531 SF of office space scheduled to expire on August 31, 2022, 7,368 SF of office space scheduled to expire on June 30, 2023 and 302,859 SF of office space and 7,780 of retail space scheduled to expire on December 31, 2031. |
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(33) | The Second Largest Tenant, Jones Day, leases 54,560 SF of office space scheduled to expire on November 30, 2021 and 109,120 SF of office space scheduled to expire on November 30, 2026. Jones Day subleases 27,280 SF of its space at a base rent of $32.94 PSF to Haight, Brown & Bonesteel LLP through October 15, 2021. Underwritten base rent is based on the contractual rent under the prime lease. |
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(34) | The Fourth Largest Tenant, M. Arthur Gensler Jr. & Associates, leases 32,048 SF of office space scheduled to expire on August 31, 2024 and 55,117 SF of office space scheduled to expire on October 31, 2031. |
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(35) | The Mortgaged Property is a 52-story luxury residential building with 598 units located on floors 10 through 51 and 4,893 SF of retail space. 109,852 SF of community facility space located on floors 1 through 7 is owned and occupied by Success Academy Charter Schools Inc. (“Success Academy”). For presentation purposes, the SF and revenue associated with the community facility space are included in the total rentable area and the commercial underwritten base rent, respectively, of the Mortgaged Property. |
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(36) | The 555 10th Avenue Whole Loan is structured with a B Note with an original and outstanding principal balance of $136,600,000. The B Note requires interest-only payments for the full term and accrues interest at a fixed interest rate of 3.52000% per annum and is coterminous with the Mortgage Loan. Concurrently with the origination of the 555 10th Avenue Whole Loan, a $140,000,000 mezzanine loan was made to the sole members of the borrowers, secured by a pledge of the mezzanine borrowers’ ownership interest in the 555 10th Avenue Whole Loan borrowers. The mezzanine loan requires interest-only payments for the full term and accrues interest at a fixed rate of 5.60000% per annum. |
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(37) | The Mortgaged Property is subject to a ground lease with Sol Goldman Investments, LLC, Jane H. Goldman, Allan H. Goldman, Amy P. Goldman and Diane Goldman Kemper, as co-executors of The Estate of Lillian Goldman, and Jane H. Goldman, Allan H. Goldman and Louisa Little, as co-trustees of The Lillian Goldman Marital Trust Under the Will of Sol Goldman. The 99-year term of the ground lease commenced on August 22, 2011 and will expire on August 21, 2110. The ground lease is an absolute net lease and the annual ground rent is currently $2,200,000 ($183,333 per month). See “555 10th Avenue” in Annex A-3 to the Preliminary Prospectus for a schedule of the ground rent payments that are fixed through August 31, 2041. |
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(38) | Success Academy occupies 95.7% of the commercial net rentable area at the Mortgaged Property. The borrowers sold the community facility unit to Success Academy for approximately $45.0 million, payable over a period of 380 months via monthly installment payments (which revenue is included in the underwritten base rent of the Mortgaged Property). The purchase price was the net present value of the 380 months of installment payments at a 7.0% discount rate. Because of its 501(c)(3) non-profit status, Success Academy is not obligated to pay real estate taxes on the community facility unit. Success Academy is not permitted to prepay any of the monthly installment payments and has agreed to convey the community facility unit back to the borrowers at the end of the 380-month installment period for $1.00. Should Success Academy fail to make any of the installment payments or otherwise default in its obligations, the borrowers can terminate the installment period and Success Academy would be required to sell the community facility unit back to the borrowers for $1.00. In addition, if certain events occur (for example, loss of Success Academy’s tax exempt status or a material casualty or condemnation), the borrowers may be required to buy back the community facility unit for $1.00 prior to the end of the 380-month installment period. At origination, the borrowers assigned the purchase right to the community facility unit to the lender. |
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(39) | Queen of Queens Nail & Spa has accepted its space at the Mortgaged Property and is in the process of completing the build-out of its space. |
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(40) | The Mortgaged Property will benefit under the 421-a tax abatement Affordability Option E, which provides a 35-year tax exemption. Under this tax exemption, all increases in the assessed value of the Mortgaged Property above the base (i.e., from the tax year prior to September 25, 2013) are exempt from taxation for 35 years upon receipt of a certificate of eligibility from the New York City Department of Housing Preservation and Development, which certificate of eligibility was received on March 7, 2019. The abatement includes both the residential and commercial portions of the Mortgaged Property. The tax exemption does not apply to the community facility unit which is owned by Success Academy. Real estate taxes were underwritten to the current abated tax amount of $269,848. |
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(41) | The 297 North 7th Street Mortgaged Property includes 36,481 SF of school space that constitutes 100.0% of gross potential rent and approximately 93.6% of the net rentable area at the 297 North 7th Street Mortgaged Property, and approximately 2,500 SF of warehouse space, consisting of 0.0% of gross potential rent and approximately 6.4% of net rentable area at the 297 North 7th Street Mortgaged Property.
The 257 15th Street Mortgaged Property includes 16 multifamily units, constituting approximately 50.3% of net rentable area at the 257 15th Street Mortgaged Property and 19,800 SF of office space, constituting approximately 49.7% of net rentable area at the 257 15th Street Mortgaged Property. |
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(42) | The 297 North 7th Street Mortgaged Property benefits from a 25-year Industrial and Commercial Abatement Program (“ICAP”) tax abatement. The 297 North 7th Street Mortgaged Property is currently in its fourth year of the 25-year ICAP tax abatement, which runs through the 2040/2041 tax year. The exemption amount is 100% for the first 16 years, with the exemption percentage declining by 10% every year thereafter (beginning in the 2032/2033 tax year) until it expires in the 2040/2041 tax year. The unabated tax amount is $328,900 for the 2019/2020 tax year. Taxes were underwritten to the estimated 10-year average abated tax amount of $133,601.
The 257 15th Street Mortgaged Property benefits from a 25-year 421-a Affordable Housing NY Program tax abatement. All units must remain rent stabilized for the duration of the 421-a tax abatement. The 257 15th Street Mortgaged Property is currently in its 14th year of the 25-year 421-a tax abatement, which runs through the 2030/2031 tax year. The 257 15th Street Mortgaged Property receives 100% exemption on any assessment increase above the base year assessment for the first 21 years, and such exemption will decline by 20% each year thereafter (beginning in the 2027/2028 tax year) until fully phased out. The unabated tax amount is $107,333. Taxes were underwritten to the estimated 10-year average abated tax amount of $60,828. |
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(43) | If the balance in the TI/LC reserve falls below $1,200,000, the borrower is required to make monthly deposits of $50,000 until the balance in the TI/LC Reserve reaches $2,000,000. |
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(44) | The ground floor of the Mortgaged Property consists of two retail tenants totaling 2,500 SF (approximately 7.1% of underwritten base rent). |
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(45) | The Grand Street Plaza Mortgage Loan was structured with a master lease to be a Shari’ah compliant loan. Title to the Grand Street Plaza Mortgaged Property is held by the borrower who master leases the Grand Street Plaza Mortgaged Property to an affiliate of the borrower, as master lessee. The rent payable pursuant to the master lease is intended to cover the debt service payments required under the mortgage loan documents, as well as reserve payments and any other sums due under the mortgage loan documents. At origination, the lender received a fee mortgage from the borrower on its interest in the Grand Street Plaza Mortgaged Property, but did not receive a mortgage on the master leasehold interest. As security for the rents under the master lease, the master lessee assigned its interest in the leases and rents from the Grand Street Plaza Mortgaged Property to the borrower, and the borrower in turn assigned these rights to the lender as security for the Grand Street Plaza Mortgage Loan. |
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(46) | From the first monthly payment date through the payment date in January 2022, the borrower is required to deposit the following into the TI/LC reserve on a monthly basis: (i) approximately $20,833 if no trigger period exists and (ii) approximately $33,333 during the existence of a trigger period. Commencing on the monthly payment date in February 2022, the borrower is required to deposit approximately $33,333 into the TI/LC reserve on a monthly basis. |
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(47) | The Second Largest Tenant at the Grand Street Plaza Mortgaged Property, NY State Court of Claims, has not yet paid its April rent, however, the borrower has represented that such nonpayment is due to delays in the routine landlord approval process by the NY State Court of Claims. |
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(48) | Yield Maintenance of the full $108.5 million PCI Pharma Portfolio Whole Loan is permitted at any time after the prepayment lockout period, which is October 31, 2021. In addition, defeasance of the full PCI Pharma Portfolio Whole Loan is permitted at any time after the defeasance lockout period, which date is the earlier to occur of (a) October 31, 2022 and (b) the second anniversary of the closing date of the securitization which includes the last pari passu note to be securitized. The assumed defeasance lockout period of 30 payment dates is based on the expected GSMS 2020-GC47 securitization closing date in May 2020. The actual lockout period may be longer. |
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(49) | The TI/LC Cap is calculated as the product of (x) $1.50 times (y) the aggregate number of rentable SF then contained in the Mortgaged Properties. As of the Cut-off Date, the aggregate number of rentable SF is 1,356,188. |
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(50) | The Replacement Reserve Cap is calculated as the product of (x) $0.23 times (y) the aggregate number of rentable SF then contained in the Mortgaged Properties. As of the Cut-off Date, the aggregate number of rentable SF is 1,356,188. |
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(51) | The sole tenant, PCI Pharma, subleases 49,566 SF to MedImmune (wholly owned by AstraZeneca). |
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(52) | The Upfront Debt Service Reserve may be drawn upon by the borrower to cover any debt service shortfall, however, upon request of the borrower, the funds in the reserve will be released to the borrower to the extent it is not drawn upon for 12 consecutive months and the reserve will no longer be maintained. |
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(53) | The lockout period will be at least 28 payment dates beginning with and including the First Due Date in February 2020. For the purpose of this prospectus, the assumed lockout period of 28 payment dates is based on the expected GSMS 2020-GC47 securitization closing date in May 2020. The actual lockout period may be longer. |
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(54) | On each Due Date, if and to the extent the amount contained in the TI/LC reserve account is less than $750,000, the borrower is required to deposit into the TI/LC reserve account an Ongoing TI/LC Reserve amount calculated as the product of (x) $0.54 times (y) the aggregate number of rentable SF then contained in the Mortgaged Properties divided by 12. As of the Cut-off Date, the aggregate number of rentable SF based upon the mortgage loan documents is 552,143, which results in an Ongoing TI/LC Reserve amount of approximately $24,846. |
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(55) | The Ongoing Replacement Reserve is calculated as the product of (x) $0.22 times (y) the aggregate number of rentable SF then contained in the Mortgaged Properties divided by 12. The Replacement Reserve Cap is calculated as the product of (x) $0.82 times (y) the aggregate number of rentable SF then contained in the Mortgaged Properties. As of the Cut-off Date, the aggregate number of rentable SF based upon the mortgage loan documents is 552,143. |
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(56) | The Largest Tenant, Kroger, leases 90,022 SF with a lease expiration date of February 29, 2032 and 3,362 SF with a lease expiration date of June 21, 2021. |
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(57) | The 45 Newel Street Mortgaged Property is the subject of a 15-year 421-a tax abatement, which is scheduled to expire in the 2033/2034 tax year. All 18 units must remain rent stabilized for the duration of the 421-a tax abatement. Taxes were underwritten to the abated tax amount of $24,257. |
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(58) | The 525 Market Street Whole Loan was co-originated by Goldman Sachs Bank USA, Barclays Capital Real Estate Inc. and Wells Fargo Bank, National Association. |
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(59) | Yield Maintenance of the full $682 million 525 Market Street Whole Loan is permitted at any time on or after the prepayment lockout period, which is March 6, 2022. In addition, defeasance of the full 525 Market Street Whole Loan is permitted at any time after the defeasance lockout period, which date is the earlier to occur of (a) January 29, 2023 and (b) the second anniversary of the closing date of the securitization which includes the last pari passu note to be securitized. The assumed defeasance lockout period of 27 payment dates is based on the expected GSMS 2020-GC47 securitization closing date in May 2020. The actual lockout period may be longer. |
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(60) | The Largest Tenant, Giant Eagle, leases 58,622 SF with a lease expiration date of November 30, 2034 and 1,900 SF with a lease expiration date of October 31, 2023. |