GS Mortgage Securities Corp Ii FWP Free writing prospectus

		FREE WRITING PROSPECTUS
		FILED PURSUANT TO RULE 433
		REGISTRATION FILE NO.: 333-226082-08

IMPORTANT NOTICE REGARDING THE CONDITIONS FOR THIS OFFERING OF ASSET-BACKED SECURITIES

The securities offered by these materials are being offered when, as and if issued. In particular, you are advised that the offered securities, and the asset pool backing them, are subject to modification or revision (including, among other things, the possibility that one or more classes of securities may be split, combined or eliminated) at any time prior to issuance or availability of a final prospectus.

STATEMENT REGARDING THIS FREE WRITING PROSPECTUS

The depositor has filed a registration statement (including the prospectus) with the Securities and Exchange Commission (“SEC”) (SEC File No. 333-226082) for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the depositor or Goldman Sachs & Co. LLC, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Deutsche Bank Securities Inc., Academy Securities, Inc., Drexel Hamilton, LLC, any other underwriter, or any dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-866-471-2526 or if you email a request to prospectus-ny@gs.com.

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BMARK 2020-B21 Annex A-1

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

Loan

8, 9, 10, 11, 12, 13, 14

The Grace Building

JPMCB, BANA, COL, DBRI

JPMCB, GACC

NAP

1114 Avenue of the Americas

New York

10036

Office

CBD

Loan

8, 10, 15, 16, 17, 18, 19

McClellan Business Park

GSBI, WFB

GSMC

NAP

3140 Peacekeeper Way

McClellan

California

95652

Mixed Use

Industrial/Office/Multifamily/Retail/Other

Loan

Amazon West LA

CREFI

NAP

5750 & 5620 Mesmer Avenue and 11750 Jefferson Boulevard

Los Angeles

California

90230

Industrial

Warehouse/Distribution

Loan

8, 21

32-42 Broadway

CREFI

NAP

32-42 Broadway

New York

10004

Office

CBD

Loan

8, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31

MGM Grand & Mandalay Bay

CREFI, BCREI, DBNY, SGFC

CREFI, GACC

NAP

5.01

Property

MGM Grand

3799 South Las Vegas Boulevard

Las Vegas

Nevada

89109

Hospitality

Full Service

5.02

Property

Mandalay Bay

3950 South Las Vegas Boulevard

Las Vegas

Nevada

89119

Hospitality

Full Service

Loan

8, 32, 33, 34, 35

416-420 Kent Avenue

CREFI

NAP

416-420 Kent Avenue

Brooklyn

New York

11249

Multifamily

High Rise with Retail

Loan

8, 36, 37, 38, 39

711 Fifth Avenue

GSBI, BANA

GSMC

NAP

711 5th Avenue

New York

10022

Mixed Use

Office/Retail

Loan

40, 41, 42

3170 & 3180 Fairview Park Drive

GSBI

GSMC

NAP

3170 & 3180 Fairview Park Drive

Falls Church

Virginia

22042

Office

Suburban

Loan

One Commerce Square

CREFI

NAP

40 South Main Street

Memphis

Tennessee

38103

Office

CBD

Loan

44, 45, 46

Tower at Frisco Square

CREFI

NAP

5757 and 5805 Main Street

Frisco

Texas

75034

Office

Suburban

Loan

The Standard

JPMCB

NAP

27777 Inkster Road

Farmington Hills

Michigan

48334

Office

Suburban

Loan

8, 48, 49, 50, 51, 52, 53, 54

Kings Plaza

JPMCB, SGFC, WFB

JPMCB

NAP

5100 Kings Plaza

Brooklyn

New York

11234

Retail

Super Regional Mall

Loan

8, 55, 56

4 West 58th Street

JPMCB

NAP

4 West 58th Street

New York

10019

Mixed Use

Office/Retail

Loan

8, 57, 58, 59

Redmond Town Center

CREFI

NAP

7330, 7530 & 7345 164th Avenue Northeast

Redmond

Washington

98052

Mixed Use

Retail/Office

Loan

Walgreens 9 Portfolio

CREFI

NAP

15.01

Property

WAG Buffalo Grove

1225 West Dundee Road

Buffalo Grove

Illinois

60089

Retail

Single Tenant Retail

15.02

Property

WAG Nashville

3130 Clarksville Pike

Nashville

Tennessee

37218

Retail

Single Tenant Retail

15.03

Property

WAG Irmo

1251 Dutch Fork Road

Irmo

South Carolina

29063

Retail

Single Tenant Retail

15.04

Property

WAG Sherman

106 Illini Boulevard

Sherman

Illinois

62684

Retail

Single Tenant Retail

15.05

Property

WAG Cleveland

2900 Paul Huff Parkway Northwest

Cleveland

Tennessee

37312

Retail

Single Tenant Retail

15.06

Property

WAG Saginaw

4989 State Street

Saginaw

Michigan

48603

Retail

Single Tenant Retail

15.07

Property

WAG Alice

1055 East Main Street

Alice

Texas

78332

Retail

Single Tenant Retail

15.08

Property

WAG Camden

2407 Broad Street

Camden

South Carolina

29020

Retail

Single Tenant Retail

15.09

Property

WAG Poplar Bluff

110 North Westwood Boulevard

Poplar Bluff

Missouri

63901

Retail

Single Tenant Retail

Loan

44 Whippany Fee

CREFI

NAP

44 Whippany Road

Morristown

New Jersey

07960

Other

Leased Fee

Loan

8, 61, 62, 63

Cambridge Crossing

DBRI

GACC

NAP

222 Jacobs Street

Cambridge & Somerville

Massachusetts

02141

Office

Life Science

Loan

InCommercial Net Lease Portfolio

CREFI

NAP

18.01

Property

Walgreens - Grenada, MS

329 Sunset Drive

Grenada

Mississippi

38901

Retail

Single Tenant Retail

18.02

Property

Walgreens - Bastrop, LA

1930 East Madison Avenue

Bastrop

Louisiana

71220

Retail

Single Tenant Retail

18.03

Property

Fresenius - Alexandria, LA

5820 Masonic Drive

Alexandria

Louisiana

71301

Office

Medical

18.04

Property

Fresenius - Marksville, LA

634 Tunica Drive West

Marksville

Louisiana

71351

Office

Medical

18.05

Property

Dollar General - Otterbein, IN

5178 North 950 West

Otterbein

Indiana

47970

Retail

Single Tenant Retail

18.06

Property

Dollar General - Chassell, MI

41910 Wilson Memorial Drive

Chassell

Michigan

49916

Retail

Single Tenant Retail

18.07

Property

Dollar General - Noel, MO

500 North Cliffside Drive

Noel

Missouri

64854

Retail

Single Tenant Retail

18.08

Property

Dollar General - El Dorado Springs, MO

1300 South First Street

El Dorado Springs

Missouri

64744

Retail

Single Tenant Retail

18.09

Property

Dollar General - Montgomery City, MO

631 South Sturgeon Street

Montgomery City

Missouri

63361

Retail

Single Tenant Retail

18.10

Property

Dollar General - Cambridge, MN

5072 Highway 95 Northwest

Cambridge

Minnesota

55008

Retail

Single Tenant Retail

18.11

Property

Dollar General - Bemidji, MN

903 Washington Avenue South

Bemidji

Minnesota

56601

Retail

Single Tenant Retail

18.12

Property

Dollar General - Kingman, IN

512 West State Street

Kingman

Indiana

47952

Retail

Single Tenant Retail

18.13

Property

Dollar General - St Clair, MO

1079 Gravois Road

St. Clair

Missouri

63077

Retail

Single Tenant Retail

18.14

Property

Dollar General - Greenview, IL

345 East Douglas Street

Greenview

Illinois

62642

Retail

Single Tenant Retail

18.15

Property

Dollar General - Warrensburg, IL

275 North State Route 121

Warrensburg

Illinois

62573

Retail

Single Tenant Retail

18.16

Property

Dollar General - Fairbank, IA

1023 Central Avenue

Fairbank

Iowa

50629

Retail

Single Tenant Retail

18.17

Property

Dollar General - St Charles, IA

1035 G50 Highway

St. Charles

Iowa

50240

Retail

Single Tenant Retail

18.18

Property

Dollar General - Pelican Rapids, MN

10315 County Highway 5

Pelican Rapids

Minnesota

56572

Retail

Single Tenant Retail

18.19

Property

Dollar General - Eolia, MO

222 North Main Street

Eolia

Missouri

63344

Retail

Single Tenant Retail

Loan

65, 88

Best Western Plus Carriage Inn

DBRI

GACC

NAP

5525 Sepulveda Boulevard

Sherman Oaks

California

91411

Hospitality

Limited Service

Loan

8, 37, 66, 67

JW Marriott Nashville

GSBI

GSMC

NAP

201 8th Avenue South

Nashville

Tennessee

37203

Hospitality

Full Service

Loan

8, 68, 69, 70

White Oak Crossing

GSBI

GSMC

NAP

120-280 Shenstone Boulevard and 7085 White Oak Road

Garner

North Carolina

27529

Retail

Anchored

Loan

8, 71, 72, 73

Willoughby Commons

GSBI

GSMC

NAP

36363 Euclid Avenue

Willoughby

Ohio

44094

Retail

Power Center

Loan

8, 74

The Hub

GSBI

GSMC

NAP

2994 Third Avenue

Bronx

New York

10455

Mixed Use

Retail/Office

Loan

75, 76

SVEA Texas Portfolio

DBRI

GACC

NAP

24.01

Property

4200 Jimmy Johnson Boulevard

Port Arthur

Texas

77642

Office

Suburban

24.02

Property

2220 Forum Drive

Arlington

Texas

76010

Industrial

Warehouse/Distribution

24.03

Property

4626 East Southcross Boulevard

San Antonio

Texas

78222

Office

Medical

24.04

Property

1919 Austin Avenue

McAllen

Texas

78501

Office

Suburban

24.05

Property

1470 Highway 44

Robstown

Texas

78380

Office

Suburban

24.06

Property

4602 East Southcross Boulevard

San Antonio

Texas

78222

Office

Medical

24.07

Property

2412 East Richardson Road

Edinburg

Texas

78542

Industrial

Warehouse/Distribution

24.08

Property

11811 North D Street

La Porte

Texas

77571

Industrial

Warehouse

Loan

Miramar Tech Center

CREFI

NAP

2900 Monarch Lakes Boulevard

Miramar

Florida

33027

Office

Suburban

Loan

78, 79

10 Railroad Avenue

JPMCB

NAP

10 Railroad Avenue

Closter

New Jersey

07624

Industrial

Warehouse/Distribution

A-1-1

BMARK 2020-B21 Annex A-1

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

Loan

80, 81

Dearborn Flex Portfolio

CREFI

NAP

27.01

Property

5850 Mercury Drive

Dearborn

Michigan

48126

Industrial

R&D/Flex

27.02

Property

15041 South Commerce Drive

Dearborn

Michigan

48120

Industrial

R&D/Flex

Loan

44, 82

3100 Research Boulevard

JPMCB

NAP

3100 Research Boulevard

Kettering

Ohio

45420

Mixed Use

Office/Industrial

Loan

Walmart Neighborhood Market & Shops - Chicago

CREFI

NAP

4720 South Cottage Grove Avenue

Chicago

Illinois

60615

Retail

Anchored

Loan

156 West 54th and 159 West 53rd Street

CREFI

Group 1

NAP

156 West 54th Street and 159 West 53rd Street

New York

10019

Other

Parking

Loan

212 East 47th Street

CREFI

Group 1

NAP

212 East 47th Street

New York

10017

Other

Parking

Loan

Park Plaza Business Park

JPMCB

NAP

11104 West Airport Boulevard

Stafford

Texas

77477

Office

Suburban

Loan

Franz Road Industrial

DBRI

GACC

NAP

5120-5150 Franz Road

Katy

Texas

77493

Industrial

Warehouse

Loan

BJ’s Olean

JPMCB

NAP

1899 Cinema Drive

Olean

New York

14760

Retail

Single Tenant Retail

Loan

Rite Aid - Yucca Valley

CREFI

NAP

57701 Twentynine Palms Highway

Yucca Valley

California

92284

Retail

Single Tenant Retail

Loan

78, 87

Omaha Sitel

JPMCB

NAP

5601 and 5607 North 103rd Street

Omaha

Nebraska

68134

Office

Suburban

Loan

CityLine Buffalo Storage

CREFI

Group 2

NAP

744 Buffalo Shoals Road

Statesville

North Carolina

28677

Self Storage

Loan

CityLine Loveland CO

CREFI

Group 2

NAP

215 West 29th Street

Loveland

Colorado

80538

Self Storage

Loan

455 Central Park West

CREFI

Group 1

NAP

455 Central Park West

New York

10025

Other

Parking

A-1-2

BMARK 2020-B21 Annex A-1

Control Number	Loan / Property Flag	Footnotes	Property Name	Year Built	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 ($)	Mortgage Loan Rate (%)
1	Loan	8, 9, 10, 11, 12, 13, 14	The Grace Building	1974	2018	1,556,972	SF	567.13	Fee Simple	100,000,000	100,000,000	100,000,000	9.2%	100,000,000	2.69210%
2	Loan	8, 10, 15, 16, 17, 18, 19	McClellan Business Park	1938-2019	NAP	6,925,484	SF	51.69	Fee Simple	75,000,000	75,000,000	75,000,000	6.9%	75,000,000	3.30900%
3	Loan	20	Amazon West LA	1977, 1978, 2014	2020	544,935	SF	137.63	Fee Simple	75,000,000	75,000,000	75,000,000	6.9%	75,000,000	2.77000%
4	Loan	8, 21	32-42 Broadway	1889, 1904	2019	521,573	SF	239.66	Fee Simple	75,000,000	75,000,000	75,000,000	6.9%	75,000,000	3.25000%
5	Loan	8, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31	MGM Grand & Mandalay Bay			9,748	Rooms	167,644.65		75,000,000	75,000,000	75,000,000	6.9%	75,000,000	3.55800%
5.01	Property		MGM Grand	1993	NAP	4,998	Rooms		Fee Simple			40,875,000
5.02	Property		Mandalay Bay	1999	NAP	4,750	Rooms		Fee Simple			34,125,000
6	Loan	8, 32, 33, 34, 35	416-420 Kent Avenue	2019	NAP	857	Units	253,092.18	Fee Simple	60,000,000	60,000,000	60,000,000	5.5%	60,000,000	3.34832%
7	Loan	8, 36, 37, 38, 39	711 Fifth Avenue	1927	2013-2019	340,024	SF	1,602.83	Fee Simple	60,000,000	60,000,000	60,000,000	5.5%	60,000,000	3.16000%
8	Loan	40, 41, 42	3170 & 3180 Fairview Park Drive	1987, 1997	2019	279,701	SF	187.70	Fee Simple	52,500,000	52,500,000	52,500,000	4.8%	47,045,501	3.28800%
9	Loan	43	One Commerce Square	1972	NAP	391,440	SF	84.30	Fee Simple and Leasehold	33,000,000	33,000,000	33,000,000	3.0%	25,894,668	3.67000%
10	Loan	44, 45, 46	Tower at Frisco Square	2015	NAP	171,080	SF	187.05	Fee Simple	32,000,000	32,000,000	32,000,000	3.0%	28,849,114	3.62000%
11	Loan	47	The Standard	1987	2015	284,459	SF	108.98	Fee Simple	31,000,000	31,000,000	31,000,000	2.9%	25,868,989	3.67200%
12	Loan	8, 48, 49, 50, 51, 52, 53, 54	Kings Plaza	1969	2018	811,797	SF	599.90	Fee Simple/Leasehold	30,000,000	30,000,000	30,000,000	2.8%	30,000,000	3.35880%
13	Loan	8, 55, 56	4 West 58th Street	1948	2016-2019	83,537	SF	1,496.34	Fee Simple/Leasehold	30,000,000	30,000,000	30,000,000	2.8%	30,000,000	3.68000%
14	Loan	8, 57, 58, 59	Redmond Town Center	1996, 1999, 2013	NAP	386,415	SF	262.67	Fee Simple	30,000,000	30,000,000	30,000,000	2.8%	28,362,230	3.85000%
15	Loan		Walgreens 9 Portfolio			133,283	SF	225.08		30,000,000	30,000,000	30,000,000	2.8%	30,000,000	3.51000%
15.01	Property		WAG Buffalo Grove	2001	NAP	15,000	SF		Fee Simple			4,313,833
15.02	Property		WAG Nashville	2000	NAP	15,800	SF		Fee Simple			3,598,838
15.03	Property		WAG Irmo	2007	NAP	14,841	SF		Fee Simple			3,360,506
15.04	Property		WAG Sherman	2011	NAP	14,739	SF		Fee Simple			3,241,341
15.05	Property		WAG Cleveland	2008	NAP	14,700	SF		Fee Simple			3,241,341
15.06	Property		WAG Saginaw	1999	NAP	13,840	SF		Fee Simple			3,181,758
15.07	Property		WAG Alice	2007	NAP	14,776	SF		Fee Simple			3,175,531
15.08	Property		WAG Camden	2003	NAP	14,838	SF		Fee Simple			3,062,592
15.09	Property		WAG Poplar Bluff	2006	NAP	14,749	SF		Fee Simple			2,824,260
16	Loan	60	44 Whippany Fee	1986	NAP	231,865	SF	113.21	Fee Simple	26,250,000	26,250,000	26,250,000	2.4%	26,250,000	3.56000%
17	Loan	8, 61, 62, 63	Cambridge Crossing	2019	NAP	426,869	SF	691.08	Fee Simple	25,000,000	25,000,000	25,000,000	2.3%	25,000,000	2.69800%
18	Loan	64	InCommercial Net Lease Portfolio			182,352	SF	122.02		22,250,000	22,250,000	22,250,000	2.1%	18,017,592	3.66000%
18.01	Property		Walgreens - Grenada, MS	2008	NAP	14,550	SF		Fee Simple			3,150,000
18.02	Property		Walgreens - Bastrop, LA	2006	NAP	14,820	SF		Fee Simple			2,350,000
18.03	Property		Fresenius - Alexandria, LA	2018	NAP	7,385	SF		Fee Simple			2,180,000
18.04	Property		Fresenius - Marksville, LA	2018	NAP	6,630	SF		Fee Simple			1,800,000
18.05	Property		Dollar General - Otterbein, IN	2020	NAP	9,026	SF		Fee Simple			940,000
18.06	Property		Dollar General - Chassell, MI	2020	NAP	9,100	SF		Fee Simple			930,000
18.07	Property		Dollar General - Noel, MO	2020	NAP	10,640	SF		Fee Simple			900,000
18.08	Property		Dollar General - El Dorado Springs, MO	2020	NAP	10,640	SF		Fee Simple			880,000
18.09	Property		Dollar General - Montgomery City, MO	2020	NAP	10,566	SF		Fee Simple			880,000
18.10	Property		Dollar General - Cambridge, MN	2020	NAP	9,100	SF		Fee Simple			870,000
18.11	Property		Dollar General - Bemidji, MN	2020	NAP	9,026	SF		Fee Simple			870,000
18.12	Property		Dollar General - Kingman, IN	2020	NAP	9,026	SF		Fee Simple			840,000
18.13	Property		Dollar General - St Clair, MO	2020	NAP	9,100	SF		Fee Simple			840,000
18.14	Property		Dollar General - Greenview, IL	2020	NAP	9,026	SF		Fee Simple			840,000
18.15	Property		Dollar General - Warrensburg, IL	2020	NAP	9,002	SF		Fee Simple			830,000
18.16	Property		Dollar General - Fairbank, IA	2020	NAP	9,100	SF		Fee Simple			800,000
18.17	Property		Dollar General - St Charles, IA	2020	NAP	9,026	SF		Fee Simple			790,000
18.18	Property		Dollar General - Pelican Rapids, MN	2019	NAP	7,489	SF		Fee Simple			790,000
18.19	Property		Dollar General - Eolia, MO	2020	NAP	9,100	SF		Fee Simple			770,000
19	Loan	65, 88	Best Western Plus Carriage Inn	1964	2019	178	Rooms	115,168.54	Fee Simple	20,500,000	20,500,000	20,500,000	1.9%	20,500,000	3.36000%
20	Loan	8, 37, 66, 67	JW Marriott Nashville	2018	NAP	533	Rooms	347,091.93	Fee Simple and Leasehold	20,000,000	20,000,000	20,000,000	1.8%	20,000,000	3.13900%
21	Loan	8, 68, 69, 70	White Oak Crossing	2002, 2003	NAP	527,874	SF	120.06	Fee Simple	20,000,000	20,000,000	20,000,000	1.8%	17,564,475	3.54400%
22	Loan	8, 71, 72, 73	Willoughby Commons	1997-2000	NAP	351,581	SF	105.10	Fee Simple	20,000,000	20,000,000	20,000,000	1.8%	17,749,071	4.03800%
23	Loan	8, 74	The Hub	2006	NAP	172,136	SF	256.81	Fee Simple	19,205,881	19,205,881	19,205,881	1.8%	19,205,881	3.49300%
24	Loan	75, 76	SVEA Texas Portfolio			119,243	SF	128.52		15,325,000	15,325,000	15,325,000	1.4%	13,396,394	4.00800%
24.01	Property		4200 Jimmy Johnson Boulevard	2016	NAP	17,325	SF		Fee Simple			3,244,123
24.02	Property		2220 Forum Drive	2017	NAP	25,536	SF		Fee Simple			3,051,732
24.03	Property		4626 East Southcross Boulevard	2002	NAP	13,000	SF		Fee Simple			2,520,996
24.04	Property		1919 Austin Avenue	1992	NAP	17,584	SF		Fee Simple			1,910,649
24.05	Property		1470 Highway 44	2018	NAP	8,878	SF		Fee Simple			1,685,087
24.06	Property		4602 East Southcross Boulevard	2004	NAP	8,040	SF		Fee Simple			1,592,208
24.07	Property		2412 East Richardson Road	2000	NAP	19,955	SF		Fee Simple			888,983
24.08	Property		11811 North D Street	1995	NAP	8,925	SF		Fee Simple			431,223
25	Loan	77	Miramar Tech Center	2019	NAP	56,710	SF	239.11	Fee Simple	13,560,000	13,560,000	13,560,000	1.3%	13,560,000	3.58000%
26	Loan	78, 79	10 Railroad Avenue	1958	2012	143,802	SF	84.70	Fee Simple	12,180,000	12,180,000	12,180,000	1.1%	10,507,876	3.89000%

A-1-3

BMARK 2020-B21 Annex A-1


Control Number	Loan / Property Flag	Footnotes	Property Name	Year Built	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 ($)	Mortgage Loan Rate (%)
27	Loan	80, 81	Dearborn Flex Portfolio			145,754	SF	71.35		10,400,000	10,400,000	10,400,000	1.0%	8,421,438	3.66000%
27.01	Property		5850 Mercury Drive	2000	2017	78,670	SF		Fee Simple			5,574,400
27.02	Property		15041 South Commerce Drive	1989	NAP	67,084	SF		Fee Simple			4,825,600
28	Loan	44, 82	3100 Research Boulevard	1984	2016	277,012	SF	36.10	Fee Simple	10,000,000	10,000,000	10,000,000	0.9%	9,012,455	3.60200%
29	Loan	83	Walmart Neighborhood Market & Shops - Chicago	2014	NAP	56,120	SF	168.39	Fee Simple	9,450,000	9,450,000	9,450,000	0.9%	9,450,000	3.71000%
30	Loan	84	156 West 54th and 159 West 53rd Street	1968	NAP	41,692	SF	197.88	Fee Simple	8,250,000	8,250,000	8,250,000	0.8%	8,250,000	4.61000%
31	Loan	84	212 East 47th Street	1979	NAP	24,508	SF	327.05	Fee Simple	8,015,267	8,015,267	8,015,267	0.7%	8,015,267	4.61000%
32	Loan	85	Park Plaza Business Park	1983	2019	90,163	SF	77.64	Fee Simple	7,000,000	7,000,000	7,000,000	0.6%	5,549,916	3.95000%
33	Loan	86	Franz Road Industrial	2002	NAP	63,750	SF	86.27	Fee Simple	5,500,000	5,500,000	5,500,000	0.5%	4,483,068	3.86000%
34	Loan		BJ’s Olean	1994	NAP	71,760	SF	72.74	Fee Simple	5,220,000	5,220,000	5,220,000	0.5%	4,193,384	4.32000%
35	Loan		Rite Aid - Yucca Valley	2011	NAP	18,026	SF	249.64	Fee Simple	4,500,000	4,500,000	4,500,000	0.4%	4,079,611	3.94000%
36	Loan	78, 87	Omaha Sitel	1977	NAP	35,774	SF	116.01	Fee Simple	4,150,000	4,150,000	4,150,000	0.4%	3,605,901	4.18300%
37	Loan		CityLine Buffalo Storage	1997	2007	55,725	SF	68.19	Fee Simple	3,800,000	3,800,000	3,800,000	0.4%	3,279,857	3.91000%
38	Loan		CityLine Loveland CO	2016	NAP	32,805	SF	82.30	Fee Simple	2,700,000	2,700,000	2,700,000	0.2%	2,274,439	4.00000%
39	Loan	84	455 Central Park West	2002	NAP	15,376	SF	129.08	Fee Simple	1,984,733	1,984,733	1,984,733	0.2%	1,984,733	4.61000%

A-1-4

BMARK 2020-B21 Annex A-1

Control Number	Loan / Property Flag	Footnotes	Property Name	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.)	Remaining Interest-Only Period (Mos.)	Original Term To Maturity / ARD (Mos.)	Remaining Term To Maturity / ARD (Mos.)	Original Amortization Term (Mos.)
1	Loan	8, 9, 10, 11, 12, 13, 14	The Grace Building	0.01311%	2.67899%	227,457.52	2,729,490.24	1,780,992.41	21,371,908.92	Interest Only	Actual/360	0	121	121	121	121	0
2	Loan	8, 10, 15, 16, 17, 18, 19	McClellan Business Park	0.01186%	3.29714%	209,684.90	2,516,218.80	791,211.00	9,494,532.00	Interest Only	Actual/360	0	121	121	121	121	0
3	Loan	20	Amazon West LA	0.01186%	2.75814%	175,529.51	2,106,354.12			Interest Only	Actual/360	0	120	120	120	120	0
4	Loan	8, 21	32-42 Broadway	0.01186%	3.23814%	205,946.18	2,471,354.16	137,297.45	1,647,569.40	Interest Only	Actual/360	0	120	120	120	120	0
5	Loan	8, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31	MGM Grand & Mandalay Bay	0.01124%	3.54677%	225,463.54	2,705,562.48	4,687,236.72	56,246,840.64	Interest Only - ARD	Actual/360	8	120	112	120	112	0
5.01	Property		MGM Grand
5.02	Property		Mandalay Bay
6	Loan	8, 32, 33, 34, 35	416-420 Kent Avenue	0.01561%	3.33271%	169,741.22	2,036,894.64	443,873.30	5,326,479.60	Interest Only	Actual/360	0	120	120	120	120	0
7	Loan	8, 36, 37, 38, 39	711 Fifth Avenue	0.01311%	3.14689%	160,194.44	1,922,333.28	1,294,905.10	15,538,861.20	Interest Only	Actual/360	8	120	112	120	112	0
8	Loan	40, 41, 42	3170 & 3180 Fairview Park Drive	0.01186%	3.27614%	229,579.68	2,754,956.16			Interest Only, Then Amortizing	Actual/360	0	60	60	120	120	360
9	Loan	43	One Commerce Square	0.01186%	3.65814%	151,333.98	1,816,007.76			Amortizing	Actual/360	0	0	0	120	120	360
10	Loan	44, 45, 46	Tower at Frisco Square	0.06061%	3.55939%	145,846.38	1,750,156.56			Interest Only, Then Amortizing	Actual/360	0	61	61	121	121	360
11	Loan	47	The Standard	0.06061%	3.61139%	142,197.23	1,706,366.76			Interest Only, Then Amortizing	Actual/360	0	24	24	120	120	360
12	Loan	8, 48, 49, 50, 51, 52, 53, 54	Kings Plaza	0.01186%	3.34694%	85,136.25	1,021,635.00	1,296,908.88	15,562,906.56	Interest Only	Actual/360	10	120	110	120	110	0
13	Loan	8, 55, 56	4 West 58th Street	0.01186%	3.66814%	93,277.78	1,119,333.36	295,379.63	3,544,555.56	Interest Only	Actual/360	8	120	112	120	112	0
14	Loan	8, 57, 58, 59	Redmond Town Center	0.01186%	3.83814%	140,642.47	1,687,709.64	335,197.89	4,022,374.68	Interest Only, Then Amortizing	Actual/360	8	24	16	60	52	360
15	Loan		Walgreens 9 Portfolio	0.01186%	3.49814%	88,968.75	1,067,625.00			Interest Only	Actual/360	1	120	119	120	119	0
15.01	Property		WAG Buffalo Grove
15.02	Property		WAG Nashville
15.03	Property		WAG Irmo
15.04	Property		WAG Sherman
15.05	Property		WAG Cleveland
15.06	Property		WAG Saginaw
15.07	Property		WAG Alice
15.08	Property		WAG Camden
15.09	Property		WAG Poplar Bluff
16	Loan	60	44 Whippany Fee	0.01186%	3.54814%	78,956.60	947,479.20			Interest Only	Actual/360	0	120	120	120	120	0
17	Loan	8, 61, 62, 63	Cambridge Crossing	0.01186%	2.68614%	56,989.00	683,868.00	615,481.25	7,385,775.00	Interest Only - ARD	Actual/360	0	120	120	120	120	0
18	Loan	64	InCommercial Net Lease Portfolio	0.01186%	3.64814%	101,910.23	1,222,922.76			Interest Only, Then Amortizing	Actual/360	0	13	13	121	121	360
18.01	Property		Walgreens - Grenada, MS
18.02	Property		Walgreens - Bastrop, LA
18.03	Property		Fresenius - Alexandria, LA
18.04	Property		Fresenius - Marksville, LA
18.05	Property		Dollar General - Otterbein, IN
18.06	Property		Dollar General - Chassell, MI
18.07	Property		Dollar General - Noel, MO
18.08	Property		Dollar General - El Dorado Springs, MO
18.09	Property		Dollar General - Montgomery City, MO
18.10	Property		Dollar General - Cambridge, MN
18.11	Property		Dollar General - Bemidji, MN
18.12	Property		Dollar General - Kingman, IN
18.13	Property		Dollar General - St Clair, MO
18.14	Property		Dollar General - Greenview, IL
18.15	Property		Dollar General - Warrensburg, IL
18.16	Property		Dollar General - Fairbank, IA
18.17	Property		Dollar General - St Charles, IA
18.18	Property		Dollar General - Pelican Rapids, MN
18.19	Property		Dollar General - Eolia, MO
19	Loan	65, 88	Best Western Plus Carriage Inn	0.01186%	3.34814%	58,197.22	698,366.64			Interest Only	Actual/360	8	120	112	120	112	0
20	Loan	8, 37, 66, 67	JW Marriott Nashville	0.01186%	3.12714%	53,043.29	636,519.48	437,607.12	5,251,285.44	Interest Only	Actual/360	8	120	112	120	112	0
21	Loan	8, 68, 69, 70	White Oak Crossing	0.01186%	3.53214%	90,300.88	1,083,610.56	195,840.04	2,350,080.48	Interest Only, Then Amortizing	Actual/360	11	48	37	120	109	360
22	Loan	8, 71, 72, 73	Willoughby Commons	0.02186%	4.01614%	95,921.73	1,151,060.76	81,293.66	975,523.92	Interest Only, Then Amortizing	Actual/360	10	48	38	120	110	360
23	Loan	8, 74	The Hub	0.01186%	3.48114%	56,681.58	680,178.96	73,781.54	885,378.48	Interest Only	Actual/360	1	120	119	120	119	0
24	Loan	75, 76	SVEA Texas Portfolio	0.01186%	3.99614%	80,958.71	971,504.52			Amortizing, Then Interest Only	Actual/360	0	60	60	120	120	300
24.01	Property		4200 Jimmy Johnson Boulevard
24.02	Property		2220 Forum Drive
24.03	Property		4626 East Southcross Boulevard
24.04	Property		1919 Austin Avenue
24.05	Property		1470 Highway 44
24.06	Property		4602 East Southcross Boulevard
24.07	Property		2412 East Richardson Road
24.08	Property		11811 North D Street
25	Loan	77	Miramar Tech Center	0.01186%	3.56814%	41,015.86	492,190.32			Interest Only	Actual/360	0	120	120	120	120	0
26	Loan	78, 79	10 Railroad Avenue	0.01186%	3.87814%	57,379.43	688,553.16			Interest Only, Then Amortizing	Actual/360	0	37	37	121	121	360

A-1-5

BMARK 2020-B21 Annex A-1


Control Number	Loan / Property Flag	Footnotes	Property Name	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.)	Remaining Interest-Only Period (Mos.)	Original Term To Maturity / ARD (Mos.)	Remaining Term To Maturity / ARD (Mos.)	Original Amortization Term (Mos.)
27	Loan	80, 81	Dearborn Flex Portfolio	0.01186%	3.64814%	47,634.44	571,613.28			Interest Only, Then Amortizing	Actual/360	0	12	12	120	120	360
27.01	Property		5850 Mercury Drive
27.02	Property		15041 South Commerce Drive
28	Loan	44, 82	3100 Research Boulevard	0.01186%	3.59014%	45,475.77	545,709.24			Interest Only, Then Amortizing	Actual/360	0	61	61	121	121	360
29	Loan	83	Walmart Neighborhood Market & Shops - Chicago	0.01186%	3.69814%	29,622.03	355,464.36			Interest Only	Actual/360	0	120	120	120	120	0
30	Loan	84	156 West 54th and 159 West 53rd Street	0.01186%	4.59814%	32,133.94	385,607.28			Interest Only	Actual/360	0	61	61	61	61	0
31	Loan	84	212 East 47th Street	0.01186%	4.59814%	31,219.65	374,635.80			Interest Only	Actual/360	0	61	61	61	61	0
32	Loan	85	Park Plaza Business Park	0.01186%	3.93814%	33,217.61	398,611.32			Amortizing	Actual/360	0	1	1	121	121	360
33	Loan	86	Franz Road Industrial	0.01186%	3.84814%	25,815.87	309,790.44			Interest Only, Then Amortizing	Actual/360	0	12	12	120	120	360
34	Loan		BJ’s Olean	0.01186%	4.30814%	25,893.63	310,723.56			Amortizing	Actual/360	0	0	0	120	120	360
35	Loan		Rite Aid - Yucca Valley	0.01186%	3.92814%	21,328.32	255,939.84			Interest Only, Then Amortizing	Actual/360	0	60	60	120	120	360
36	Loan	78, 87	Omaha Sitel	0.02186%	4.16114%	20,253.06	243,036.72			Interest Only, Then Amortizing	Actual/360	0	37	37	121	121	360
37	Loan		CityLine Buffalo Storage	0.01186%	3.89814%	17,945.17	215,342.04			Interest Only, Then Amortizing	Actual/360	0	36	36	120	120	360
38	Loan		CityLine Loveland CO	0.01186%	3.98814%	12,890.21	154,682.52			Interest Only, Then Amortizing	Actual/360	0	24	24	120	120	360
39	Loan	84	455 Central Park West	0.01186%	4.59814%	7,730.58	92,766.96			Interest Only	Actual/360	0	61	61	61	61	0

A-1-6

BMARK 2020-B21 Annex A-1

Control Number

Loan / Property Flag

Footnotes

Property Name

Remaining Amortization Term (Mos.)

Origination Date

Due Date

First Due Date

Last IO Due Date

First P&I Due Date

Maturity Date / ARD

ARD (Yes / No)

Final Maturity Date

Grace Period- Late Fee

Grace Period- Default

Prepayment Provision (3)

2017 EGI ($)

Loan

8, 9, 10, 11, 12, 13, 14

The Grace Building

11/17/2020

12/6/2020

12/6/2030

Lockout/24_Defeasance or >YM or 1%/90_0%/7

113,255,664

Loan

8, 10, 15, 16, 17, 18, 19

McClellan Business Park

11/13/2020

12/11/2020

12/11/2030

YM/24_Defeasance or YM/90_0%/7

35,020,952

Loan

Amazon West LA

10/22/2020

12/6/2020

11/6/2030

Lockout/24_Defeasance/92_0%/4

N/A

Loan

8, 21

32-42 Broadway

11/3/2020

12/6/2020

11/6/2030

Lockout/24_Defeasance/92_0%/4

21,214,177

Loan

8, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31

MGM Grand & Mandalay Bay

2/14/2020

4/5/2020

3/5/2030

Yes

3/5/2032

>YM or 0.5%/32_Defeasance or >YM or 0.5%/81_0%/7

2,161,960,165

5.01

Property

MGM Grand

1,179,680,639

5.02

Property

Mandalay Bay

982,279,526

Loan

8, 32, 33, 34, 35

416-420 Kent Avenue

10/30/2020

12/6/2020

11/6/2030

Lockout/24_Defeasance/91_0%/5

N/A

Loan

8, 36, 37, 38, 39

711 Fifth Avenue

3/6/2020

4/6/2020

3/6/2030

Lockout/32_Defeasance/81_0%/7

62,723,555

Loan

40, 41, 42

3170 & 3180 Fairview Park Drive

360

10/8/2020

12/6/2020

11/6/2025

12/6/2025

11/6/2030

Lockout/24_Defeasance/92_0%/4

N/A

Loan

One Commerce Square

360

10/28/2020

12/6/2020

11/6/2030

Lockout/24_Defeasance/90_0%/6

N/A

Loan

44, 45, 46

Tower at Frisco Square

360

11/10/2020

12/6/2020

12/6/2025

1/6/2026

12/6/2030

Lockout/24_>YM or 1%/94_0%/3

4,534,731

Loan

The Standard

360

10/23/2020

12/1/2020

11/1/2022

12/1/2022

11/1/2030

Lockout/24_Defeasance/92_0%/4

3,450,265

Loan

8, 48, 49, 50, 51, 52, 53, 54

Kings Plaza

12/3/2019

2/1/2020

1/1/2030

Lockout/34_>YM or 1%/81_0%/5

64,923,243

Loan

8, 55, 56

4 West 58th Street

2/28/2020

4/1/2020

3/1/2030

Lockout/32_Defeasance/82_0%/6

4,905,078

Loan

8, 57, 58, 59

Redmond Town Center

360

2/21/2020

4/6/2020

3/6/2022

4/6/2022

3/6/2025

Lockout/32_Defeasance/24_0%/4

12,572,296

Loan

Walgreens 9 Portfolio

10/1/2020

11/1/2020

10/1/2030

Lockout/25_Defeasance/90_0%/5

N/A

15.01

Property

WAG Buffalo Grove

N/A

15.02

Property

WAG Nashville

N/A

15.03

Property

WAG Irmo

N/A

15.04

Property

WAG Sherman

N/A

15.05

Property

WAG Cleveland

N/A

15.06

Property

WAG Saginaw

N/A

15.07

Property

WAG Alice

N/A

15.08

Property

WAG Camden

N/A

15.09

Property

WAG Poplar Bluff

N/A

Loan

44 Whippany Fee

10/30/2020

12/6/2020

11/6/2030

Lockout/24_Defeasance/93_0%/3

N/A

Loan

8, 61, 62, 63

Cambridge Crossing

10/16/2020

12/6/2020

11/6/2030

Yes

11/6/2034

Lockout/24_Defeasance or >YM or 1%/89_0%/7

N/A

Loan

InCommercial Net Lease Portfolio

360

11/10/2020

12/6/2020

12/6/2021

1/6/2022

12/6/2030

Lockout/24_>YM or 1%/93_0%/4

N/A

18.01

Property

Walgreens - Grenada, MS

N/A

18.02

Property

Walgreens - Bastrop, LA

N/A

18.03

Property

Fresenius - Alexandria, LA

N/A

18.04

Property

Fresenius - Marksville, LA

N/A

18.05

Property

Dollar General - Otterbein, IN

N/A

18.06

Property

Dollar General - Chassell, MI

N/A

18.07

Property

Dollar General - Noel, MO

N/A

18.08

Property

Dollar General - El Dorado Springs, MO

N/A

18.09

Property

Dollar General - Montgomery City, MO

N/A

18.10

Property

Dollar General - Cambridge, MN

N/A

18.11

Property

Dollar General - Bemidji, MN

N/A

18.12

Property

Dollar General - Kingman, IN

N/A

18.13

Property

Dollar General - St Clair, MO

N/A

18.14

Property

Dollar General - Greenview, IL

N/A

18.15

Property

Dollar General - Warrensburg, IL

N/A

18.16

Property

Dollar General - Fairbank, IA

N/A

18.17

Property

Dollar General - St Charles, IA

N/A

18.18

Property

Dollar General - Pelican Rapids, MN

N/A

18.19

Property

Dollar General - Eolia, MO

N/A

Loan

65, 88

Best Western Plus Carriage Inn

2/21/2020

4/6/2020

3/6/2030

Lockout/24_>YM or 1%/89_0%/7

7,757,757

Loan

8, 37, 66, 67

JW Marriott Nashville

3/6/2020

4/6/2020

3/6/2030

Lockout/32_Defeasance/81_0%/7

N/A

Loan

8, 68, 69, 70

White Oak Crossing

360

11/14/2019

1/6/2020

12/6/2023

1/6/2024

12/6/2029

Lockout/35_Defeasance/80_0%/5

8,380,001

Loan

8, 71, 72, 73

Willoughby Commons

360

12/20/2019

2/6/2020

1/6/2024

2/6/2024

1/6/2030

Lockout/34_Defeasance/81_0%/5

4,700,619

Loan

8, 74

The Hub

9/30/2020

11/6/2020

10/6/2030

Lockout/25_Defeasance/91_0%/4

6,067,594

Loan

75, 76

SVEA Texas Portfolio

300

11/5/2020

12/6/2020

11/6/2030

12/6/2020

11/6/2030

Lockout/24_Defeasance/91_0%/5

N/A

24.01

Property

4200 Jimmy Johnson Boulevard

N/A

24.02

Property

2220 Forum Drive

N/A

24.03

Property

4626 East Southcross Boulevard

N/A

24.04

Property

1919 Austin Avenue

N/A

24.05

Property

1470 Highway 44

N/A

24.06

Property

4602 East Southcross Boulevard

N/A

24.07

Property

2412 East Richardson Road

N/A

24.08

Property

11811 North D Street

N/A

Loan

Miramar Tech Center

10/22/2020

12/6/2020

11/6/2030

Lockout/24_Defeasance/92_0%/4

N/A

Loan

78, 79

10 Railroad Avenue

360

11/13/2020

12/1/2020

12/1/2023

1/1/2024

12/1/2030

Lockout/24_Defeasance/94_0%/3

N/A

A-1-7

BMARK 2020-B21 Annex A-1

Control Number

Loan / Property Flag

Footnotes

Property Name

Remaining Amortization Term (Mos.)

Origination Date

Due Date

First Due Date

Last IO Due Date

First P&I Due Date

Maturity Date / ARD

ARD (Yes / No)

Final Maturity Date

Grace Period- Late Fee

Grace Period- Default

Prepayment Provision (3)

2017 EGI ($)

Loan

80, 81

Dearborn Flex Portfolio

360

10/29/2020

12/6/2020

11/6/2021

12/6/2021

11/6/2030

Lockout/24_Defeasance/92_0%/4

N/A

27.01

Property

5850 Mercury Drive

N/A

27.02

Property

15041 South Commerce Drive

N/A

Loan

44, 82

3100 Research Boulevard

360

11/2/2020

12/1/2020

12/1/2025

1/1/2026

12/1/2030

5 days grace, once per trailing 12-month period

Lockout/24_Defeasance/93_0%/4

3,029,160

Loan

Walmart Neighborhood Market & Shops - Chicago

10/20/2020

12/6/2020

11/6/2030

Lockout/24_Defeasance/92_0%/4

1,218,365

Loan

156 West 54th and 159 West 53rd Street

11/10/2020

12/6/2020

12/6/2025

Lockout/24_Defeasance/34_0%/3

N/A

Loan

212 East 47th Street

11/10/2020

12/6/2020

12/6/2025

Lockout/24_Defeasance/34_0%/3

N/A

Loan

Park Plaza Business Park

360

11/9/2020

12/1/2020

1/1/2021

12/1/2030

5 days grace, once per 12-month period

Lockout/24_Defeasance/94_0%/3

N/A

Loan

Franz Road Industrial

360

11/6/2020

12/6/2020

11/6/2021

12/6/2021

11/6/2030

Lockout/36_>YM or 1%/79_0%/5

N/A

Loan

BJ’s Olean

360

10/16/2020

12/1/2020

11/1/2030

5 days grace, once per trailing 12-month period

Lockout/24_Defeasance/93_0%/3

N/A

Loan

Rite Aid - Yucca Valley

360

10/30/2020

12/6/2020

11/6/2025

12/6/2025

11/6/2030

Lockout/24_Defeasance/92_0%/4

N/A

Loan

78, 87

Omaha Sitel

360

11/13/2020

12/1/2020

12/1/2023

1/1/2024

12/1/2030

Lockout/24_Defeasance/94_0%/3

N/A

Loan

CityLine Buffalo Storage

360

10/20/2020

12/6/2020

11/6/2023

12/6/2023

11/6/2030

Lockout/24_Defeasance/92_0%/4

N/A

Loan

CityLine Loveland CO

360

10/15/2020

12/6/2020

11/6/2022

12/6/2022

11/6/2030

Lockout/24_Defeasance/92_0%/4

N/A

Loan

455 Central Park West

11/10/2020

12/6/2020

12/6/2025

Lockout/24_Defeasance/34_0%/3

N/A

A-1-8

BMARK 2020-B21 Annex A-1

Control Number

Loan / Property Flag

Footnotes

Property Name

2017 Expenses ($)

2017 NOI ($)

2018 EGI ($)

2018 Expenses ($)

2018 NOI ($)

2019 EGI ($)

2019 Expenses ($)

2019 NOI ($)

Most Recent EGI (if past 2019) ($)

Most Recent Expenses (if past 2019) ($)

Most Recent NOI (if past 2019) ($)

Most Recent NOI Date (if past 2019)

Most Recent # of months

Loan

8, 9, 10, 11, 12, 13, 14

The Grace Building

46,095,990

67,159,674

122,739,552

49,532,888

73,206,665

102,917,243

50,379,050

52,538,193

97,004,029

50,731,490

46,272,539

9/30/2020

Loan

8, 10, 15, 16, 17, 18, 19

McClellan Business Park

13,375,743

21,645,209

39,655,018

14,730,525

24,924,493

42,772,659

15,192,749

27,579,910

46,135,523

16,541,707

29,593,816

9/30/2020

Loan

Amazon West LA

N/A

Loan

8, 21

32-42 Broadway

10,436,824

10,777,353

22,313,427

10,791,578

11,521,849

23,020,311

11,125,485

11,894,826

23,543,821

10,777,257

12,766,564

6/30/2020

Loan

8, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31

MGM Grand & Mandalay Bay

1,556,922,957

605,037,208

2,191,540,530

1,574,171,264

617,369,266

2,106,295,488

1,586,215,135

520,080,353

1,542,534,742

1,161,377,839

381,156,903

6/30/2020

5.01

Property

MGM Grand

834,995,842

344,684,797

1,226,105,346

854,539,115

371,566,231

1,161,850,748

879,242,083

282,608,665

874,139,277

653,818,258

220,321,020

6/30/2020

5.02

Property

Mandalay Bay

721,927,115

260,352,411

965,435,184

719,632,149

245,803,035

944,444,740

706,973,052

237,471,688

668,395,465

507,559,582

160,835,883

6/30/2020

Loan

8, 32, 33, 34, 35

416-420 Kent Avenue

N/A

17,798,150

7,724,535

10,073,615

6/30/2020

Loan

8, 36, 37, 38, 39

711 Fifth Avenue

17,358,037

45,365,518

63,038,695

18,950,129

44,088,566

69,563,590

20,967,241

48,596,349

69,060,254

21,771,999

47,288,255

3/31/2020

Loan

40, 41, 42

3170 & 3180 Fairview Park Drive

N/A

6,683,234

2,742,015

3,941,219

5,811,449

3,011,704

2,799,745

5,354,406

2,867,737

2,486,669

6/30/2020

Loan

One Commerce Square

N/A

6,998,150

3,628,475

3,369,676

7,485,801

3,829,541

3,656,260

9/30/2020

Loan

44, 45, 46

Tower at Frisco Square

1,813,727

2,721,004

4,355,265

1,842,323

2,512,942

4,448,359

2,009,194

2,439,165

4,963,067

1,898,432

3,064,634

9/30/2020

Loan

The Standard

1,394,579

2,055,686

3,795,182

1,469,670

2,325,513

4,667,651

1,549,152

3,118,499

5,365,377

1,495,408

3,869,968

8/31/2020

Loan

8, 48, 49, 50, 51, 52, 53, 54

Kings Plaza

25,486,495

39,436,748

69,684,148

27,595,961

42,088,187

79,062,917

29,497,775

49,565,143

82,287,609

31,518,903

50,768,706

8/31/2020

Loan

8, 55, 56

4 West 58th Street

1,996,939

2,908,139

4,877,497

1,903,193

2,974,304

5,628,265

2,057,287

3,570,977

7,897,694

3,378,556

4,519,138

6/30/2020

Loan

8, 57, 58, 59

Redmond Town Center

3,843,706

8,728,590

12,945,809

3,914,837

9,030,971

N/A

13,766,778

4,065,369

9,701,409

11/30/2019

Loan

Walgreens 9 Portfolio

N/A

15.01

Property

WAG Buffalo Grove

N/A

15.02

Property

WAG Nashville

N/A

15.03

Property

WAG Irmo

N/A

15.04

Property

WAG Sherman

N/A

15.05

Property

WAG Cleveland

N/A

15.06

Property

WAG Saginaw

N/A

15.07

Property

WAG Alice

N/A

15.08

Property

WAG Camden

N/A

15.09

Property

WAG Poplar Bluff

N/A

Loan

44 Whippany Fee

N/A

Loan

8, 61, 62, 63

Cambridge Crossing

N/A

Loan

InCommercial Net Lease Portfolio

N/A

18.01

Property

Walgreens - Grenada, MS

N/A

18.02

Property

Walgreens - Bastrop, LA

N/A

18.03

Property

Fresenius - Alexandria, LA

N/A

18.04

Property

Fresenius - Marksville, LA

N/A

18.05

Property

Dollar General - Otterbein, IN

N/A

18.06

Property

Dollar General - Chassell, MI

N/A

18.07

Property

Dollar General - Noel, MO

N/A

18.08

Property

Dollar General - El Dorado Springs, MO

N/A

18.09

Property

Dollar General - Montgomery City, MO

N/A

18.10

Property

Dollar General - Cambridge, MN

N/A

18.11

Property

Dollar General - Bemidji, MN

N/A

18.12

Property

Dollar General - Kingman, IN

N/A

18.13

Property

Dollar General - St Clair, MO

N/A

18.14

Property

Dollar General - Greenview, IL

N/A

18.15

Property

Dollar General - Warrensburg, IL

N/A

18.16

Property

Dollar General - Fairbank, IA

N/A

18.17

Property

Dollar General - St Charles, IA

N/A

18.18

Property

Dollar General - Pelican Rapids, MN

N/A

18.19

Property

Dollar General - Eolia, MO

N/A

Loan

65, 88

Best Western Plus Carriage Inn

4,703,645

3,054,112

7,886,648

4,825,982

3,060,666

7,788,650

4,950,468

2,838,182

5,884,407

4,365,457

1,518,950

7/31/2020

Loan

8, 37, 66, 67

JW Marriott Nashville

N/A

93,677,197

65,123,527

28,553,670

48,245,221

40,461,820

7,783,401

9/30/2020

Loan

8, 68, 69, 70

White Oak Crossing

1,662,835

6,717,167

8,528,386

1,741,540

6,786,847

8,639,220

1,625,210

7,014,010

8,333,797

1,470,557

6,863,240

9/30/2020

Loan

8, 71, 72, 73

Willoughby Commons

1,259,309

3,441,310

4,806,432

1,218,102

3,588,330

N/A

4,230,476

1,041,512

3,188,964

9/30/2020

Loan

8, 74

The Hub

1,396,735

4,670,859

6,335,576

1,664,562

4,671,014

6,586,524

1,589,768

4,996,756

6,433,784

1,515,574

4,918,210

7/31/2020

Loan

75, 76

SVEA Texas Portfolio

N/A

2,016,748

386,842

1,629,905

2,275,686

506,649

1,769,037

N/A

24.01

Property

4200 Jimmy Johnson Boulevard

N/A

24.02

Property

2220 Forum Drive

N/A

24.03

Property

4626 East Southcross Boulevard

N/A

24.04

Property

1919 Austin Avenue

N/A

24.05

Property

1470 Highway 44

N/A

24.06

Property

4602 East Southcross Boulevard

N/A

24.07

Property

2412 East Richardson Road

N/A

24.08

Property

11811 North D Street

N/A

Loan

Miramar Tech Center

N/A

Loan

78, 79

10 Railroad Avenue

N/A

A-1-9

BMARK 2020-B21 Annex A-1

Control Number

Loan / Property Flag

Footnotes

Property Name

2017 Expenses ($)

2017 NOI ($)

2018 EGI ($)

2018 Expenses ($)

2018 NOI ($)

2019 EGI ($)

2019 Expenses ($)

2019 NOI ($)

Most Recent EGI (if past 2019) ($)

Most Recent Expenses (if past 2019) ($)

Most Recent NOI (if past 2019) ($)

Most Recent NOI Date (if past 2019)

Most Recent # of months

Loan

80, 81

Dearborn Flex Portfolio

N/A

1,065,503

893,867

171,636

8/31/2020

27.01

Property

5850 Mercury Drive

N/A

582,130

477,752

104,378

8/31/2020

27.02

Property

15041 South Commerce Drive

N/A

483,373

416,115

67,257

8/31/2020

Loan

44, 82

3100 Research Boulevard

1,750,091

1,279,069

3,102,372

1,705,296

1,397,076

3,084,876

1,682,085

1,402,791

3,167,414

1,602,209

1,565,205

9/30/2020

Loan

Walmart Neighborhood Market & Shops - Chicago

409,675

808,690

1,602,023

728,555

873,467

1,391,388

497,985

893,403

1,350,207

525,804

824,403

8/31/2020

Loan

156 West 54th and 159 West 53rd Street

N/A

Loan

212 East 47th Street

N/A

Loan

Park Plaza Business Park

N/A

1,435,408

488,090

947,318

9/30/2020

Loan

Franz Road Industrial

N/A

505,634

163,573

342,061

595,924

171,754

424,170

8/31/2020

Loan

BJ’s Olean

N/A

Loan

Rite Aid - Yucca Valley

N/A

Loan

78, 87

Omaha Sitel

N/A

Loan

CityLine Buffalo Storage

N/A

422,800

124,154

298,646

460,153

121,496

338,657

470,683

118,793

351,890

8/31/2020

Loan

CityLine Loveland CO

N/A

381,839

135,266

246,573

382,922

178,654

204,268

405,051

187,117

217,935

8/31/2020

Loan

455 Central Park West

N/A

A-1-10

BMARK 2020-B21 Annex A-1

Control Number	Loan / Property Flag	Footnotes	Property Name	Most Recent Description	Underwritten EGI ($)	Underwritten Expenses ($)	Underwritten Net Operating Income ($)	Debt Yield on Underwritten Net Operating Income (%)	Underwritten Replacement / FF&E Reserve ($)	Underwritten TI / LC ($)	Underwritten Net Cash Flow ($)	Underwritten NCF DSCR (x) (4)	Debt Yield on Underwritten Net Cash Flow (%)	Appraised Value ($)	Appraisal Date
1	Loan	8, 9, 10, 11, 12, 13, 14	The Grace Building	Trailing 12	157,612,989	53,319,272	104,293,717	11.8%	389,243	1,556,972	102,347,502	4.25	11.6%	2,150,000,000	9/8/2020
2	Loan	8, 10, 15, 16, 17, 18, 19	McClellan Business Park	Trailing 12	52,666,380	15,037,967	37,628,413	10.5%	1,038,823	1,731,371	34,858,219	2.90	9.7%	595,000,000	9/15/2020
3	Loan	20	Amazon West LA	Not Available	12,003,810	2,565,017	9,438,793	12.6%	12,834	50,277	9,375,682	4.45	12.5%	256,100,000	7/6/2020
4	Loan	8, 21	32-42 Broadway	Trailing 12	23,169,206	10,872,817	12,296,389	9.8%	365,101	979,245	10,952,043	2.66	8.8%	243,000,000	8/28/2020
5	Loan	8, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31	MGM Grand & Mandalay Bay	Trailing 12	2,106,295,488	1,586,215,135	520,080,353	17.9%	32,774,592	0	487,305,761	4.95	17.9%	4,600,000,000	1/10/2020
5.01	Property		MGM Grand	Trailing 12	1,161,850,748	879,242,083	282,608,665		16,011,953	0	266,596,712			2,505,000,000	1/10/2020
5.02	Property		Mandalay Bay	Trailing 12	944,444,740	706,973,052	237,471,688		16,762,639	0	220,709,049			2,095,000,000	1/10/2020
6	Loan	8, 32, 33, 34, 35	416-420 Kent Avenue	Annualized	29,208,373	7,241,027	21,967,346	10.1%	217,074	18,827	21,731,445	2.95	10.0%	669,800,000	9/8/2020
7	Loan	8, 36, 37, 38, 39	711 Fifth Avenue	Trailing 12	74,193,553	22,888,769	51,304,783	9.4%	85,006	544,350	50,675,427	2.90	9.3%	1,000,000,000	1/23/2020
8	Loan	40, 41, 42	3170 & 3180 Fairview Park Drive	Trailing 12	8,239,928	2,903,812	5,336,116	10.2%	55,940	366,694	4,913,482	1.78	9.4%	90,000,000	9/1/2021
9	Loan	43	One Commerce Square	Trailing 12	7,729,609	3,971,258	3,758,352	11.4%	78,288	354,116	3,325,947	1.83	10.1%	45,700,000	9/4/2020
10	Loan	44, 45, 46	Tower at Frisco Square	Trailing 12	5,327,400	2,012,936	3,314,464	10.4%	34,216	374,693	2,905,556	1.66	9.1%	49,300,000	10/21/2020
11	Loan	47	The Standard	Trailing 12	5,206,252	1,522,816	3,683,436	11.9%	(43,108)	262,344	3,464,200	2.03	11.2%	46,500,000	10/5/2020
12	Loan	8, 48, 49, 50, 51, 52, 53, 54	Kings Plaza	Trailing 12	81,045,187	29,004,262	52,040,925	10.7%	139,559	995,395	50,905,970	3.07	10.5%	900,000,000	10/17/2019
13	Loan	8, 55, 56	4 West 58th Street	Trailing 12	11,943,386	2,701,328	9,242,058	7.4%	15,037	167,074	9,059,948	1.94	7.2%	180,000,000	2/1/2020
14	Loan	8, 57, 58, 59	Redmond Town Center	Trailing 12	15,096,303	4,207,821	10,888,482	10.7%	57,962	637,089	10,193,431	1.79	10.0%	151,000,000	8/4/2020
15	Loan		Walgreens 9 Portfolio	Not Available	3,357,649	776,324	2,581,324	8.6%	19,992	0	2,561,332	2.40	8.5%	50,350,000	Various
15.01	Property		WAG Buffalo Grove	Not Available	548,391	188,585	359,807		2,250	0	357,557			7,200,000	5/19/2020
15.02	Property		WAG Nashville	Not Available	387,266	82,785	304,481		2,370	0	302,111			6,000,000	5/20/2020
15.03	Property		WAG Irmo	Not Available	414,582	131,670	282,912		2,226	0	280,686			5,600,000	5/27/2020
15.04	Property		WAG Sherman	Not Available	348,768	62,539	286,229		2,211	0	284,018			5,400,000	5/30/2020
15.05	Property		WAG Cleveland	Not Available	343,027	56,509	286,519		2,205	0	284,314			5,400,000	5/20/2020
15.06	Property		WAG Saginaw	Not Available	322,760	53,978	268,783		2,076	0	266,707			5,300,000	5/20/2020
15.07	Property		WAG Alice	Not Available	344,003	57,534	286,469		2,216	0	284,253			5,650,000	5/21/2020
15.08	Property		WAG Camden	Not Available	351,622	95,918	255,704		2,226	0	253,479			5,100,000	5/27/2020
15.09	Property		WAG Poplar Bluff	Not Available	297,228	46,808	250,421		2,212	0	248,208			4,700,000	5/22/2020
16	Loan	60	44 Whippany Fee	Not Available	1,751,047	N/A	1,751,047	6.7%	0	0	1,751,047	1.85	6.7%	35,000,000	9/25/2020
17	Loan	8, 61, 62, 63	Cambridge Crossing	Not Available	46,678,033	13,760,711	32,917,322	11.2%	85,374	110,178	32,721,770	4.05	11.1%	729,000,000	9/28/2020
18	Loan	64	InCommercial Net Lease Portfolio	Not Available	2,316,414	66,489	2,249,925	10.1%	27,353	0	2,222,572	1.82	10.0%	35,275,000	Various
18.01	Property		Walgreens - Grenada, MS	Not Available	333,576	10,365	323,211		2,183	0	321,029			5,000,000	10/3/2020
18.02	Property		Walgreens - Bastrop, LA	Not Available	249,381	8,636	240,745		2,223	0	238,522			3,730,000	9/24/2020
18.03	Property		Fresenius - Alexandria, LA	Not Available	221,341	7,758	213,584		1,108	0	212,476			3,450,000	9/28/2020
18.04	Property		Fresenius - Marksville, LA	Not Available	185,006	6,685	178,321		995	0	177,326			2,850,000	9/28/2020
18.05	Property		Dollar General - Otterbein, IN	Not Available	93,708	2,314	91,393		1,354	0	90,039			1,490,000	9/21/2020
18.06	Property		Dollar General - Chassell, MI	Not Available	97,551	2,395	95,156		1,365	0	93,791			1,470,000	9/24/2020
18.07	Property		Dollar General - Noel, MO	Not Available	94,507	2,331	92,176		1,596	0	90,580			1,425,000	10/1/2020
18.08	Property		Dollar General - El Dorado Springs, MO	Not Available	92,977	2,299	90,679		1,596	0	89,083			1,400,000	10/1/2020
18.09	Property		Dollar General - Montgomery City, MO	Not Available	92,525	2,289	90,237		1,585	0	88,652			1,390,000	9/23/2020
18.10	Property		Dollar General - Cambridge, MN	Not Available	92,021	2,278	89,742		1,365	0	88,377			1,380,000	9/27/2020
18.11	Property		Dollar General - Bemidji, MN	Not Available	88,731	2,209	86,523		1,354	0	85,169			1,380,000	10/2/2020
18.12	Property		Dollar General - Kingman, IN	Not Available	84,783	2,125	82,658		1,354	0	81,304			1,340,000	9/21/2020
18.13	Property		Dollar General - St Clair, MO	Not Available	88,535	2,205	86,330		1,365	0	84,965			1,330,000	10/1/2020
18.14	Property		Dollar General - Greenview, IL	Not Available	85,308	2,136	83,172		1,354	0	81,818			1,330,000	9/25/2020
18.15	Property		Dollar General - Warrensburg, IL	Not Available	83,718	2,102	81,616		1,350	0	80,266			1,310,000	9/25/2020
18.16	Property		Dollar General - Fairbank, IA	Not Available	84,103	2,110	81,993		1,365	0	80,628			1,260,000	10/1/2020
18.17	Property		Dollar General - St Charles, IA	Not Available	83,877	2,106	81,771		1,354	0	80,417			1,260,000	10/1/2020
18.18	Property		Dollar General - Pelican Rapids, MN	Not Available	83,494	2,098	81,396		1,123	0	80,272			1,260,000	10/2/2020
18.19	Property		Dollar General - Eolia, MO	Not Available	81,272	2,050	79,222		1,365	0	77,857			1,220,000	9/23/2020
19	Loan	65, 88	Best Western Plus Carriage Inn	Trailing 12	7,776,846	5,093,429	2,683,417	13.1%	311,074	0	2,372,343	3.40	11.6%	36,500,000	12/17/2019
20	Loan	8, 37, 66, 67	JW Marriott Nashville	Trailing 12	94,449,843	66,104,698	28,345,145	15.3%	3,777,994	0	24,567,151	4.17	13.3%	301,000,000	11/10/2020
21	Loan	8, 68, 69, 70	White Oak Crossing	Annualized	8,072,109	1,699,717	6,372,392	10.1%	163,641	192,065	6,016,686	1.75	9.5%	86,750,000	10/7/2019
22	Loan	8, 71, 72, 73	Willoughby Commons	Trailing 12	5,143,774	1,681,913	3,461,862	9.4%	62,205	105,998	3,293,659	1.55	8.9%	51,700,000	11/22/2019
23	Loan	8, 74	The Hub	Trailing 12	6,511,632	1,586,584	4,925,048	11.1%	34,427	131,936	4,758,685	3.04	10.8%	80,800,000	9/1/2020
24	Loan	75, 76	SVEA Texas Portfolio	Not Available	2,346,490	575,098	1,771,392	11.6%	29,811	51,274	1,690,307	1.74	11.0%	23,100,000	Various
24.01	Property		4200 Jimmy Johnson Boulevard	Not Available	N/A	N/A	N/A		N/A	N/A	N/A			4,890,000	9/17/2020
24.02	Property		2220 Forum Drive	Not Available	N/A	N/A	N/A		N/A	N/A	N/A			4,600,000	9/19/2020
24.03	Property		4626 East Southcross Boulevard	Not Available	N/A	N/A	N/A		N/A	N/A	N/A			3,800,000	9/15/2020
24.04	Property		1919 Austin Avenue	Not Available	N/A	N/A	N/A		N/A	N/A	N/A			2,880,000	9/21/2020
24.05	Property		1470 Highway 44	Not Available	N/A	N/A	N/A		N/A	N/A	N/A			2,540,000	9/21/2020
24.06	Property		4602 East Southcross Boulevard	Not Available	N/A	N/A	N/A		N/A	N/A	N/A			2,400,000	9/15/2020
24.07	Property		2412 East Richardson Road	Not Available	N/A	N/A	N/A		N/A	N/A	N/A			1,340,000	9/21/2020
24.08	Property		11811 North D Street	Not Available	N/A	N/A	N/A		N/A	N/A	N/A			650,000	9/17/2020
25	Loan	77	Miramar Tech Center	Not Available	2,158,303	755,337	1,402,966	10.3%	11,342	84,002	1,307,622	2.66	9.6%	23,000,000	9/18/2020
26	Loan	78, 79	10 Railroad Avenue	Not Available	1,684,428	499,992	1,184,436	9.7%	14,380	50,844	1,119,212	1.63	9.2%	18,800,000	9/23/2020

A-1-11

BMARK 2020-B21 Annex A-1


Control Number	Loan / Property Flag	Footnotes	Property Name	Most Recent Description	Underwritten EGI ($)	Underwritten Expenses ($)	Underwritten Net Operating Income ($)	Debt Yield on Underwritten Net Operating Income (%)	Underwritten Replacement / FF&E Reserve ($)	Underwritten TI / LC ($)	Underwritten Net Cash Flow ($)	Underwritten NCF DSCR (x) (4)	Debt Yield on Underwritten Net Cash Flow (%)	Appraised Value ($)	Appraisal Date
27	Loan	80, 81	Dearborn Flex Portfolio	Trailing 12	2,497,180	1,103,962	1,393,218	13.4%	32,640	97,832	1,262,746	2.21	12.1%	17,750,000	Various
27.01	Property		5850 Mercury Drive	Trailing 12	1,317,882	594,490	723,391		27,715	51,272	644,404			9,750,000	11/30/2020
27.02	Property		15041 South Commerce Drive	Trailing 12	1,179,298	509,472	669,826		4,925	46,560	618,342			8,000,000	9/30/2020
28	Loan	44, 82	3100 Research Boulevard	Trailing 12	3,255,780	1,681,946	1,573,833	15.7%	55,402	221,610	1,296,821	2.38	13.0%	15,500,000	8/28/2020
29	Loan	83	Walmart Neighborhood Market & Shops - Chicago	Trailing 12	1,587,396	665,334	922,062	9.8%	8,418	27,813	885,830	2.49	9.4%	15,900,000	9/10/2020
30	Loan	84	156 West 54th and 159 West 53rd Street	Not Available	742,500	N/A	742,500	9.0%	0	0	742,500	1.93	9.0%	15,000,000	10/6/2020
31	Loan	84	212 East 47th Street	Not Available	721,374	N/A	721,374	9.0%	0	0	721,374	1.93	9.0%	15,800,000	10/6/2020
32	Loan	85	Park Plaza Business Park	Trailing 12	1,560,687	567,640	993,047	14.2%	18,033	120,241	854,773	2.14	12.2%	11,000,000	9/3/2020
33	Loan	86	Franz Road Industrial	Trailing 12	717,811	174,341	543,470	9.9%	4,563	44,714	494,193	1.60	9.0%	7,940,000	9/25/2020
34	Loan		BJ’s Olean	Not Available	604,037	41,500	562,538	10.8%	7,176	28,704	526,658	1.69	10.1%	7,480,000	9/2/2020
35	Loan		Rite Aid - Yucca Valley	Not Available	660,300	162,777	497,523	11.1%	1,803	19,746	475,974	1.86	10.6%	7,470,000	10/8/2020
36	Loan	78, 87	Omaha Sitel	Not Available	446,094	13,383	432,712	10.4%	3,577	25,042	404,092	1.66	9.7%	6,340,000	9/22/2020
37	Loan		CityLine Buffalo Storage	Trailing 12	470,683	121,755	348,927	9.2%	5,573	0	343,355	1.59	9.0%	5,450,000	9/12/2020
38	Loan		CityLine Loveland CO	Trailing 12	405,051	177,595	227,456	8.4%	3,281	0	224,175	1.45	8.3%	3,960,000	10/2/2020
39	Loan	84	455 Central Park West	Not Available	178,626	N/A	178,626	9.0%	0	0	178,626	1.93	9.0%	3,900,000	10/6/2020

A-1-12

BMARK 2020-B21 Annex A-1

Control Number

Loan / Property Flag

Footnotes

Property Name

As Is Appraised Value ($)

As Is Appraisal Date

Cut-off Date LTV Ratio (%)

LTV Ratio at Maturity / ARD (%)

Occupancy (%) (5)

Occupancy Date

ADR ($)

RevPAR ($)

Largest Tenant

Largest Tenant Sq Ft

Largest Tenant Lease Expiration (6)

Second Largest Tenant

Loan

8, 9, 10, 11, 12, 13, 14

The Grace Building

2,150,000,000

9/8/2020

41.1%

94.8%

10/19/2020

NAP

Bank of America, N.A.

155,270

5/31/2042

The Trade Desk

Loan

8, 10, 15, 16, 17, 18, 19

McClellan Business Park

595,000,000

9/15/2020

60.2%

86.8%

9/15/2020

NAP

Amazon.com

417,637

6/30/2030

Hydra Distribution

Loan

Amazon West LA

256,100,000

7/6/2020

29.3%

100.0%

6/25/2020

NAP

Amazon.com

499,633

3/31/2035

Chick-fil-A, Inc.

Loan

8, 21

32-42 Broadway

243,000,000

8/28/2020

51.4%

90.5%

9/1/2020

NAP

City of NY Dept of Consumer Affairs

85,573

7/31/2027

City of NY Board of Elections

Loan

8, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31

MGM Grand & Mandalay Bay

4,600,000,000

1/10/2020

35.5%

87.5%

196.52

180.94

5.01

Property

MGM Grand

2,505,000,000

1/10/2020

83.9%

6/30/2020

190.29

173.85

NAP

5.02

Property

Mandalay Bay

2,095,000,000

1/10/2020

91.7%

6/30/2020

202.98

188.40

NAP

Loan

8, 32, 33, 34, 35

416-420 Kent Avenue

669,800,000

9/8/2020

32.4%

83.8%

10/26/2020

NAP

Sea Wolf

2,300

3/31/2038

Kent Wine & Liquor

Loan

8, 36, 37, 38, 39

711 Fifth Avenue

1,000,000,000

1/23/2020

54.5%

76.5%

1/31/2020

NAP

SunTrust Banks

84,516

4/30/2024

Allen & Company

Loan

40, 41, 42

3170 & 3180 Fairview Park Drive

85,400,000

8/26/2020

58.3%

52.3%

97.9%

7/1/2021

NAP

General Dynamics Information Technology

174,124

11/30/2029

Capital Caring Health

Loan

One Commerce Square

45,700,000

9/4/2020

72.2%

56.7%

83.6%

8/31/2020

NAP

State of Tennessee

110,755

9/9/2029

Hnedak Bobo Group, Inc.

Loan

44, 45, 46

Tower at Frisco Square

49,300,000

10/21/2020

64.9%

58.5%

94.3%

9/30/2020

NAP

Gearbox Software

99,055

3/31/2026

Meritize Financial

Loan

The Standard

46,500,000

10/5/2020

66.7%

55.6%

100.0%

10/20/2020

NAP

TD Auto Finance

154,879

5/27/2025

Centria Healthcare

Loan

8, 48, 49, 50, 51, 52, 53, 54

Kings Plaza

900,000,000

10/17/2019

54.1%

96.7%

6/2/2020

NAP

Lowe’s Home Centers

114,000

5/31/2028

Primark

Loan

8, 55, 56

4 West 58th Street

180,000,000

2/1/2020

69.4%

100.0%

10/1/2020

NAP

The Neiman Marcus Group LLC.

40,170

2/28/2033

Netflix Inc.

Loan

8, 57, 58, 59

Redmond Town Center

151,000,000

8/4/2020

67.2%

63.5%

92.9%

1/15/2020

NAP

iPic Theaters

38,858

9/30/2025

Guitar Center

Loan

Walgreens 9 Portfolio

50,350,000

Various

59.6%

100.0%

NAP

15.01

Property

WAG Buffalo Grove

7,200,000

5/19/2020

100.0%

11/1/2020

NAP

Walgreens

15,000

2/28/2035

NAP

15.02

Property

WAG Nashville

6,000,000

5/20/2020

100.0%

11/1/2020

NAP

Walgreens

15,800

2/28/2035

NAP

15.03

Property

WAG Irmo

5,600,000

5/27/2020

100.0%

11/1/2020

NAP

Walgreens

14,841

2/28/2035

NAP

15.04

Property

WAG Sherman

5,400,000

5/30/2020

100.0%

11/1/2020

NAP

Walgreens

14,739

2/28/2035

NAP

15.05

Property

WAG Cleveland

5,400,000

5/20/2020

100.0%

11/1/2020

NAP

Walgreens

14,700

2/28/2035

NAP

15.06

Property

WAG Saginaw

5,300,000

5/20/2020

100.0%

11/1/2020

NAP

Walgreens

13,840

2/28/2035

NAP

15.07

Property

WAG Alice

5,650,000

5/21/2020

100.0%

11/1/2020

NAP

Walgreens

14,776

2/28/2035

NAP

15.08

Property

WAG Camden

5,100,000

5/27/2020

100.0%

11/1/2020

NAP

Walgreens

14,838

2/28/2035

NAP

15.09

Property

WAG Poplar Bluff

4,700,000

5/22/2020

100.0%

11/1/2020

NAP

Walgreens

14,749

2/28/2035

NAP

Loan

44 Whippany Fee

35,000,000

9/25/2020

75.0%

100.0%

11/1/2020

NAP

Loan

8, 61, 62, 63

Cambridge Crossing

693,000,000

9/28/2020

40.5%

97.8%

10/15/2020

NAP

Philips

343,969

11/30/2034

Cerevel Therapeutics, LLC

Loan

InCommercial Net Lease Portfolio

35,275,000

Various

63.1%

51.1%

100.0%

NAP

18.01

Property

Walgreens - Grenada, MS

5,000,000

10/3/2020

100.0%

11/6/2020

NAP

Walgreens

14,550

8/31/2033

NAP

18.02

Property

Walgreens - Bastrop, LA

3,730,000

9/24/2020

100.0%

11/6/2020

NAP

Walgreens

14,820

10/31/2031

NAP

18.03

Property

Fresenius - Alexandria, LA

3,450,000

9/28/2020

100.0%

11/6/2020

NAP

Fresenius Kidney Care

7,385

1/31/2034

NAP

18.04

Property

Fresenius - Marksville, LA

2,850,000

9/28/2020

100.0%

11/6/2020

NAP

Fresenius Kidney Care

6,630

1/31/2034

NAP

18.05

Property

Dollar General - Otterbein, IN

1,490,000

9/21/2020

100.0%

11/6/2020

NAP

Dollar General

9,026

9/30/2035

NAP

18.06

Property

Dollar General - Chassell, MI

1,470,000

9/24/2020

100.0%

11/6/2020

NAP

Dollar General

9,100

7/31/2035

NAP

18.07

Property

Dollar General - Noel, MO

1,425,000

10/1/2020

100.0%

11/6/2020

NAP

Dollar General

10,640

5/31/2035

NAP

18.08

Property

Dollar General - El Dorado Springs, MO

1,400,000

10/1/2020

100.0%

11/6/2020

NAP

Dollar General

10,640

8/31/2035

NAP

18.09

Property

Dollar General - Montgomery City, MO

1,390,000

9/23/2020

100.0%

11/6/2020

NAP

Dollar General

10,566

5/31/2035

NAP

18.10

Property

Dollar General - Cambridge, MN

1,380,000

9/27/2020

100.0%

11/6/2020

NAP

Dollar General

9,100

6/30/2035

NAP

18.11

Property

Dollar General - Bemidji, MN

1,380,000

10/2/2020

100.0%

11/6/2020

NAP

Dollar General

9,026

6/30/2035

NAP

18.12

Property

Dollar General - Kingman, IN

1,340,000

9/21/2020

100.0%

11/6/2020

NAP

Dollar General

9,026

7/31/2035

NAP

18.13

Property

Dollar General - St Clair, MO

1,330,000

10/1/2020

100.0%

11/6/2020

NAP

Dollar General

9,100

9/30/2035

NAP

18.14

Property

Dollar General - Greenview, IL

1,330,000

9/25/2020

100.0%

11/6/2020

NAP

Dollar General

9,026

4/30/2035

NAP

18.15

Property

Dollar General - Warrensburg, IL

1,310,000

9/25/2020

100.0%

11/6/2020

NAP

Dollar General

9,002

3/31/2035

NAP

18.16

Property

Dollar General - Fairbank, IA

1,260,000

10/1/2020

100.0%

11/6/2020

NAP

Dollar General

9,100

8/31/2035

NAP

18.17

Property

Dollar General - St Charles, IA

1,260,000

10/1/2020

100.0%

11/6/2020

NAP

Dollar General

9,026

6/30/2035

NAP

18.18

Property

Dollar General - Pelican Rapids, MN

1,260,000

10/2/2020

100.0%

11/6/2020

NAP

Dollar General

7,489

7/31/2034

NAP

18.19

Property

Dollar General - Eolia, MO

1,220,000

9/23/2020

100.0%

11/6/2020

NAP

Dollar General

9,100

5/31/2035

NAP

Loan

65, 88

Best Western Plus Carriage Inn

36,500,000

12/17/2019

56.2%

70.5%

7/31/2020

130.89

115.16

NAP

Loan

8, 37, 66, 67

JW Marriott Nashville

301,000,000

11/10/2020

61.5%

44.1%

9/30/2020

295.53

253.69

NAP

Loan

8, 68, 69, 70

White Oak Crossing

86,750,000

10/7/2019

73.1%

64.2%

93.0%

6/30/2020

NAP

BJ’s Wholesale Club

115,396

8/31/2023

Kohl’s

Loan

8, 71, 72, 73

Willoughby Commons

51,700,000

11/22/2019

71.5%

63.4%

98.9%

9/30/2020

NAP

BJ’s Wholesale Club

109,751

3/28/2030

Giant Eagle

Loan

8, 74

The Hub

80,800,000

9/1/2020

54.7%

100.0%

9/30/2020

NAP

NYC Department of Finance

75,601

11/4/2027

Forman Mills

Loan

75, 76

SVEA Texas Portfolio

22,470,000

Various

66.3%

58.0%

100.0%

NAP

24.01

Property

4200 Jimmy Johnson Boulevard

4,380,000

9/17/2020

100.0%

11/6/2020

NAP

State of Texas

17,325

6/30/2030

NAP

24.02

Property

2220 Forum Drive

4,600,000

9/19/2020

100.0%

11/6/2020

NAP

State of Texas

25,536

12/31/2027

NAP

24.03

Property

4626 East Southcross Boulevard

3,800,000

9/15/2020

100.0%

11/6/2020

NAP

Fresenius Kidney Care

13,000

8/2/2027

NAP

24.04

Property

1919 Austin Avenue

2,880,000

9/21/2020

100.0%

11/6/2020

NAP

State of Texas

17,584

1/31/2024

NAP

24.05

Property

1470 Highway 44

2,420,000

9/21/2020

100.0%

11/6/2020

NAP

State of Texas

8,878

11/30/2028

NAP

24.06

Property

4602 East Southcross Boulevard

2,400,000

9/15/2020

100.0%

11/6/2020

NAP

DaVita Dialysis

8,040

7/19/2025

NAP

24.07

Property

2412 East Richardson Road

1,340,000

9/21/2020

100.0%

11/6/2020

NAP

State of Texas

19,955

7/31/2025

NAP

24.08

Property

11811 North D Street

650,000

9/17/2020

100.0%

11/6/2020

NAP

State of Texas

8,925

3/31/2026

NAP

Loan

Miramar Tech Center

23,000,000

9/18/2020

59.0%

100.0%

10/22/2020

NAP

United Data Technologies

23,255

10/21/2035

The Services Companies

Loan

78, 79

10 Railroad Avenue

18,800,000

9/23/2020

64.8%

55.9%

100.0%

10/30/2020

NAP

Capital Hardware Supply, LLC

141,952

6/28/2030

ChemoMouthpiece, LLC

A-1-13

BMARK 2020-B21 Annex A-1

Control Number

Loan / Property Flag

Footnotes

Property Name

As Is Appraised Value ($)

As Is Appraisal Date

Cut-off Date LTV Ratio (%)

LTV Ratio at Maturity / ARD (%)

Occupancy (%) (5)

Occupancy Date

ADR ($)

RevPAR ($)

Largest Tenant

Largest Tenant Sq Ft

Largest Tenant Lease Expiration (6)

Second Largest Tenant

Loan

80, 81

Dearborn Flex Portfolio

17,350,000

9/30/2020

58.6%

47.4%

100.0%

NAP

27.01

Property

5850 Mercury Drive

9,350,000

9/30/2020

100.0%

9/30/2020

NAP

Wolverine (ITT Inc)

44,154

11/30/2030

Babels

27.02

Property

15041 South Commerce Drive

8,000,000

9/30/2020

100.0%

9/30/2020

NAP

Penske Truck Leasing Co

37,604

1/31/2031

RLE International

Loan

44, 82

3100 Research Boulevard

15,500,000

8/28/2020

64.5%

58.1%

76.4%

8/24/2020

NAP

GSA

65,471

11/30/2022

Vivial Media LLC

Loan

Walmart Neighborhood Market & Shops - Chicago

15,900,000

9/10/2020

59.4%

97.9%

10/1/2020

NAP

Wal-Mart Stores, Inc.

40,942

10/31/2034

Elite Mr. Alan’s

Loan

156 West 54th and 159 West 53rd Street

15,000,000

10/6/2020

55.0%

100.0%

10/1/2020

NAP

Loan

212 East 47th Street

15,800,000

10/6/2020

50.7%

100.0%

10/1/2020

NAP

Loan

Park Plaza Business Park

11,000,000

9/3/2020

63.6%

50.5%

97.9%

11/2/2020

NAP

Cantex Continuing Care Network, LLC

12,480

7/30/2023

QRC Valve Distributors, LLC

Loan

Franz Road Industrial

7,940,000

9/25/2020

69.3%

56.5%

100.0%

10/26/2020

NAP

New World Auto

6,000

6/30/2023

Sandoval Strength

Loan

BJ’s Olean

7,480,000

9/2/2020

69.8%

56.1%

100.0%

11/1/2020

NAP

BJ’s Wholesale Club

71,760

1/31/2027

NAP

Loan

Rite Aid - Yucca Valley

7,470,000

10/8/2020

60.2%

54.6%

100.0%

11/6/2020

NAP

Rite Aid

18,026

6/30/2031

NAP

Loan

78, 87

Omaha Sitel

5,490,000

9/22/2020

65.5%

56.9%

100.0%

11/1/2020

NAP

Sitel Group

35,774

12/31/2035

NAP

Loan

CityLine Buffalo Storage

5,450,000

9/12/2020

69.7%

60.2%

90.0%

8/31/2020

NAP

Loan

CityLine Loveland CO

3,960,000

10/2/2020

68.2%

57.4%

98.1%

8/31/2020

NAP

Loan

455 Central Park West

3,900,000

10/6/2020

50.9%

100.0%

10/1/2020

NAP

A-1-14

BMARK 2020-B21 Annex A-1

Control Number

Loan / Property Flag

Footnotes

Property Name

Second Largest Tenant Sq Ft

Second Largest Tenant Lease Expiration (6)

Third Largest Tenant

Third Largest Tenant Sq Ft

Third Largest Tenant Lease Expiration (6)

Fourth Largest Tenant

Fourth Largest Tenant Sq Ft

Fourth Largest Tenant Lease Expiration (6)

Fifth Largest Tenant

Fifth Largest Tenant Sq Ft

Loan

8, 9, 10, 11, 12, 13, 14

The Grace Building

154,558

8/31/2030

Israel Discount Bank

142,533

12/31/2040

Bain & Company, Inc.

121,262

2/28/2030

Insight Venture Management LLC

93,998

Loan

8, 10, 15, 16, 17, 18, 19

McClellan Business Park

388,784

4/16/2025

Dome Printing

320,000

11/17/2033

McClellan Jet Services

280,839

9/12/2022

Northrop Grumman Systems

267,618

Loan

Amazon West LA

45,302

11/26/2028

NAP

Loan

8, 21

32-42 Broadway

52,618

2/6/2022

Magilla Entertainment, LLC

33,106

9/15/2024

Premier Home Health Care Services, Inc.

18,000

1/31/2023

Agudath Israel of America

17,000

Loan

8, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31

MGM Grand & Mandalay Bay

5.01

Property

MGM Grand

NAP

5.02

Property

Mandalay Bay

NAP

Loan

8, 32, 33, 34, 35

416-420 Kent Avenue

2,027

9/8/2030

Chai Urgent Care

2,000

7/31/2030

Snow Wolf

700

11/30/2037

NAP

Loan

8, 36, 37, 38, 39

711 Fifth Avenue

70,972

9/30/2033

Ralph Lauren

38,638

6/30/2029

Loro Piana USA

24,388

8/31/2025

Sandler Capital

17,200

Loan

40, 41, 42

3170 & 3180 Fairview Park Drive

53,812

9/30/2034

Sheet Metal Workers National Pension

26,885

11/30/2033

Balfour Beatty Construction, LLC

19,126

6/30/2032

NAP

Loan

One Commerce Square

29,538

2/28/2029

Prospero Management Services

28,726

9/30/2022

Wunderlich Securities, Inc.

28,716

3/31/2031

True Sports, Inc.

22,551

Loan

44, 45, 46

Tower at Frisco Square

16,351

2/28/2026

Scoreboard Ventures

8,402

11/29/2023

Nerdvana Food & Spirits

8,354

12/31/2026

Dunn’s River Brands

7,131

Loan

The Standard

99,231

11/30/2033

EWI Worldwide

30,349

1/31/2024

NAP

Loan

8, 48, 49, 50, 51, 52, 53, 54

Kings Plaza

102,805

7/31/2038

JCPenney

94,895

7/31/2038

Burlington

55,078

7/31/2028

Best Buy

53,371

Loan

8, 55, 56

4 West 58th Street

10,651

12/31/2030

J2 Enterprises LTD.

6,121

7/31/2028

Northwell Health

5,174

5/31/2030

Union Sq. Dermatology

5,174

Loan

8, 57, 58, 59

Redmond Town Center

15,393

5/31/2025

Haiku Seafood & Sushi Buffet

11,381

9/30/2021

Pediatric Associates, Inc. P.S.

10,996

9/30/2028

Gene Juarez Salon & Spa

9,568

Loan

Walgreens 9 Portfolio

15.01

Property

WAG Buffalo Grove

NAP

15.02

Property

WAG Nashville

NAP

15.03

Property

WAG Irmo

NAP

15.04

Property

WAG Sherman

NAP

15.05

Property

WAG Cleveland

NAP

15.06

Property

WAG Saginaw

NAP

15.07

Property

WAG Alice

NAP

15.08

Property

WAG Camden

NAP

15.09

Property

WAG Poplar Bluff

NAP

Loan

44 Whippany Fee

NAP

Loan

8, 61, 62, 63

Cambridge Crossing

60,867

2/28/2030

Tatte

4,293

2/28/2031

NAP

Loan

InCommercial Net Lease Portfolio

18.01

Property

Walgreens - Grenada, MS

NAP

18.02

Property

Walgreens - Bastrop, LA

NAP

18.03

Property

Fresenius - Alexandria, LA

NAP

18.04

Property

Fresenius - Marksville, LA

NAP

18.05

Property

Dollar General - Otterbein, IN

NAP

18.06

Property

Dollar General - Chassell, MI

NAP

18.07

Property

Dollar General - Noel, MO

NAP

18.08

Property

Dollar General - El Dorado Springs, MO

NAP

18.09

Property

Dollar General - Montgomery City, MO

NAP

18.10

Property

Dollar General - Cambridge, MN

NAP

18.11

Property

Dollar General - Bemidji, MN

NAP

18.12

Property

Dollar General - Kingman, IN

NAP

18.13

Property

Dollar General - St Clair, MO

NAP

18.14

Property

Dollar General - Greenview, IL

NAP

18.15

Property

Dollar General - Warrensburg, IL

NAP

18.16

Property

Dollar General - Fairbank, IA

NAP

18.17

Property

Dollar General - St Charles, IA

NAP

18.18

Property

Dollar General - Pelican Rapids, MN

NAP

18.19

Property

Dollar General - Eolia, MO

NAP

Loan

65, 88

Best Western Plus Carriage Inn

NAP

Loan

8, 37, 66, 67

JW Marriott Nashville

NAP

��

NAP

Loan

8, 68, 69, 70

White Oak Crossing

86,584

1/31/2024

Dick’s Sporting Goods

45,624

1/31/2024

Best Buy

45,000

1/31/2024

Ross Dress for Less

30,187

Loan

8, 71, 72, 73

Willoughby Commons

77,500

7/31/2028

Regal Cinemas

66,963

10/31/2032

PetSmart

26,259

6/30/2023

Office Max

23,806

Loan

8, 74

The Hub

42,573

8/31/2022

Aldi

17,936

10/31/2023

Walgreens

16,447

7/31/2024

Bronx Party Center

7,562

Loan

75, 76

SVEA Texas Portfolio

24.01

Property

4200 Jimmy Johnson Boulevard

NAP

24.02

Property

2220 Forum Drive

NAP

24.03

Property

4626 East Southcross Boulevard

NAP

24.04

Property

1919 Austin Avenue

NAP

24.05

Property

1470 Highway 44

NAP

24.06

Property

4602 East Southcross Boulevard

NAP

24.07

Property

2412 East Richardson Road

NAP

24.08

Property

11811 North D Street

NAP

Loan

Miramar Tech Center

10,313

12/14/2027

Better NOI

9,903

2/14/2031

O3b Networks USA

7,011

3/9/2027

The University of Florida Board of Trustees

6,228

Loan

78, 79

10 Railroad Avenue

1,850

4/9/2024

NAP

A-1-15

BMARK 2020-B21 Annex A-1

Control Number

Loan / Property Flag

Footnotes

Property Name

Second Largest Tenant Sq Ft

Second Largest Tenant Lease Expiration (6)

Third Largest Tenant

Third Largest Tenant Sq Ft

Third Largest Tenant Lease Expiration (6)

Fourth Largest Tenant

Fourth Largest Tenant Sq Ft

Fourth Largest Tenant Lease Expiration (6)

Fifth Largest Tenant

Fifth Largest Tenant Sq Ft

Loan

80, 81

Dearborn Flex Portfolio

27.01

Property

5850 Mercury Drive

34,516

8/31/2032

NAP

27.02

Property

15041 South Commerce Drive

11,894

3/31/2022

Etta Services Inc

8,806

11/30/2030

Central Michigan

8,780

5/31/2023

NAP

Loan

44, 82

3100 Research Boulevard

60,026

12/31/2022

BWI North America

53,934

2/28/2025

Xerion Advanced Battery

31,081

1/31/2024

Gillson Trucking

1,095

Loan

Walmart Neighborhood Market & Shops - Chicago

5,311

4/30/2028

Burger King

2,687

12/31/2030

Uncle Remus Fried Chicken

2,207

4/30/2025

Associated Bank

1,526

Loan

156 West 54th and 159 West 53rd Street

NAP

Loan

212 East 47th Street

NAP

Loan

Park Plaza Business Park

5,532

5/31/2025

Todd Klein Insurance Agency Inc.

5,287

3/31/2025

Rent Recovery of BetterNOI, LLC

4,840

9/30/2025

Texas Direct Auto

4,480

Loan

Franz Road Industrial

5,500

3/31/2024

Houston Chronicle

5,400

2/28/2021

Eli Smith

3,600

10/31/2021

Glass Doctor

3,000

Loan

BJ’s Olean

NAP

Loan

Rite Aid - Yucca Valley

NAP

Loan

78, 87

Omaha Sitel

NAP

Loan

CityLine Buffalo Storage

NAP

Loan

CityLine Loveland CO

NAP

Loan

455 Central Park West

NAP

A-1-16

BMARK 2020-B21 Annex A-1

Control Number

Loan / Property Flag

Footnotes

Property Name

Fifth Largest Tenant Lease Expiration (6)

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 ($)

Loan

8, 9, 10, 11, 12, 13, 14

The Grace Building

2/28/2030

9/22/2020

NAP

9/22/2020

NAP

Loan

8, 10, 15, 16, 17, 18, 19

McClellan Business Park

12/31/2021

11/2/2020

NAP

9/30/2020

Loan

Amazon West LA

7/10/2020

NAP

7/10/2020

16%

617,304

123,461

280,861

40,123

Loan

8, 21

32-42 Broadway

1/31/2026

9/3/2020

NAP

9/3/2020

NAP

393,685

Loan

8, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31

MGM Grand & Mandalay Bay

5.01

Property

MGM Grand

2/11/2020

NAP

2/11/2020

NAP

5.02

Property

Mandalay Bay

2/11/2020

NAP

2/11/2020

NAP

Loan

8, 32, 33, 34, 35

416-420 Kent Avenue

9/14/2020

NAP

9/11/2020

NAP

235,263

39,210

73,324

Loan

8, 36, 37, 38, 39

711 Fifth Avenue

6/30/2027

2/3/2020

NAP

1/30/2020

NAP

Loan

40, 41, 42

3170 & 3180 Fairview Park Drive

9/11/2020

NAP

9/11/2020

NAP

53,395

12,275

6,137

Loan

One Commerce Square

7/31/2032

9/8/2020

NAP

9/8/2020

13%

73,100

24,367

Loan

44, 45, 46

Tower at Frisco Square

7/31/2022

7/15/2020

NAP

7/15/2020

NAP

70,066

27,903

5,581

Loan

The Standard

10/21/2020

NAP

10/21/2020

NAP

165,018

4,741

Loan

8, 48, 49, 50, 51, 52, 53, 54

Kings Plaza

1/31/2032

11/22/2019

NAP

10/22/2019

NAP

Loan

8, 55, 56

4 West 58th Street

3/31/2035

1/28/2020

NAP

1/28/2020

NAP

91,175

4,669

Loan

8, 57, 58, 59

Redmond Town Center

5/31/2024

2/19/2020

Yes

12/12/2019

2/20/2020

2/7/2020

10%

411,531

68,589

130,585

10,045

Loan

Walgreens 9 Portfolio

15.01

Property

WAG Buffalo Grove

6/12/2020

NAP

6/12/2020

NAP

15.02

Property

WAG Nashville

6/12/2020

NAP

6/12/2020

NAP

15.03

Property

WAG Irmo

6/12/2020

NAP

6/12/2020

NAP

15.04

Property

WAG Sherman

6/12/2020

NAP

6/12/2020

NAP

15.05

Property

WAG Cleveland

6/12/2020

NAP

6/12/2020

NAP

15.06

Property

WAG Saginaw

6/12/2020

NAP

6/12/2020

NAP

15.07

Property

WAG Alice

6/12/2020

NAP

6/12/2020

NAP

15.08

Property

WAG Camden

6/12/2020

NAP

6/12/2020

NAP

15.09

Property

WAG Poplar Bluff

6/12/2020

NAP

6/12/2020

NAP

Loan

44 Whippany Fee

10/14/2020

NAP

10/14/2020

NAP

Loan

8, 61, 62, 63

Cambridge Crossing

10/7/2020

NAP

10/9/2020

NAP

Loan

InCommercial Net Lease Portfolio

62,693

31,347

15,625

1,736

18.01

Property

Walgreens - Grenada, MS

11/6/2020

NAP

11/9/2020

NAP

18.02

Property

Walgreens - Bastrop, LA

8/19/2020

NAP

8/19/2020

NAP

18.03

Property

Fresenius - Alexandria, LA

8/18/2020

NAP

8/19/2020

NAP

18.04

Property

Fresenius - Marksville, LA

8/18/2020

NAP

8/19/2020

NAP

18.05

Property

Dollar General - Otterbein, IN

10/16/2020

NAP

10/13/2020

NAP

18.06

Property

Dollar General - Chassell, MI

8/20/2020

NAP

8/19/2020

NAP

18.07

Property

Dollar General - Noel, MO

6/22/2020

NAP

6/22/2020

NAP

18.08

Property

Dollar General - El Dorado Springs, MO

8/19/2020

NAP

8/19/2020

NAP

18.09

Property

Dollar General - Montgomery City, MO

6/22/2020

NAP

6/22/2020

NAP

18.10

Property

Dollar General - Cambridge, MN

7/6/2020

NAP

7/1/2020

NAP

18.11

Property

Dollar General - Bemidji, MN

8/19/2020

NAP

8/19/2020

NAP

18.12

Property

Dollar General - Kingman, IN

8/19/2020

NAP

8/19/2020

NAP

18.13

Property

Dollar General - St Clair, MO

10/16/2020

NAP

10/19/2020

NAP

18.14

Property

Dollar General - Greenview, IL

11/6/2020

NAP

11/6/2020

NAP

18.15

Property

Dollar General - Warrensburg, IL

11/6/2020

NAP

11/9/2020

NAP

18.16

Property

Dollar General - Fairbank, IA

10/16/2020

NAP

10/16/2020

NAP

18.17

Property

Dollar General - St Charles, IA

8/18/2020

NAP

8/19/2020

NAP

18.18

Property

Dollar General - Pelican Rapids, MN

11/9/2020

NAP

11/9/2020

NAP

18.19

Property

Dollar General - Eolia, MO

6/22/2020

NAP

6/22/2020

NAP

Loan

65, 88

Best Western Plus Carriage Inn

1/2/2020

NAP

1/2/2020

12/31/2019

16%

32,016

16,008

Loan

8, 37, 66, 67

JW Marriott Nashville

2/25/2020

NAP

2/26/2020

NAP

1,875,692

Loan

8, 68, 69, 70

White Oak Crossing

1/31/2024

10/15/2019

NAP

10/14/2019

NAP

71,051

Loan

8, 71, 72, 73

Willoughby Commons

7/31/2028

12/16/2019

NAP

12/3/2019

NAP

152,941

21,849

Loan

8, 74

The Hub

5/31/2029

9/14/2020

NAP

9/15/2020

NAP

Loan

75, 76

SVEA Texas Portfolio

10,384

29,323

24.01

Property

4200 Jimmy Johnson Boulevard

1/30/2020

NAP

1/30/2020

NAP

24.02

Property

2220 Forum Drive

1/31/2020

NAP

1/31/2020

NAP

24.03

Property

4626 East Southcross Boulevard

1/31/2020

NAP

1/30/2020

NAP

24.04

Property

1919 Austin Avenue

2/14/2020

NAP

1/30/2020

NAP

24.05

Property

1470 Highway 44

1/30/2020

NAP

1/30/2020

NAP

24.06

Property

4602 East Southcross Boulevard

1/29/2020

NAP

1/30/2020

NAP

24.07

Property

2412 East Richardson Road

1/30/2020

NAP

1/30/2020

NAP

24.08

Property

11811 North D Street

1/30/2020

NAP

1/30/2020

NAP

Loan

Miramar Tech Center

8/31/2024

9/22/2020

NAP

9/22/2020

NAP

319,973

31,997

12,804

4,268

Loan

78, 79

10 Railroad Avenue

11/13/2020

NAP

10/13/2020

NAP

32,821

16,411

11,308

3,769

1,198

A-1-17

BMARK 2020-B21 Annex A-1

Control Number

Loan / Property Flag

Footnotes

Property Name

Fifth Largest Tenant Lease Expiration (6)

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 ($)

Loan

80, 81

Dearborn Flex Portfolio

33,214

17,877

1,490

27.01

Property

5850 Mercury Drive

10/6/2020

NAP

10/6/2020

NAP

27.02

Property

15041 South Commerce Drive

10/6/2020

NAP

10/5/2020

NAP

Loan

44, 82

3100 Research Boulevard

5/31/2023

8/31/2020

NAP

8/31/2020

NAP

97,547

4,617

Loan

Walmart Neighborhood Market & Shops - Chicago

7/31/2026

9/18/2020

NAP

9/21/2020

NAP

41,432

10,358

4,061

2,031

Loan

156 West 54th and 159 West 53rd Street

10/22/2020

Yes

10/29/2020

10/21/2020

NAP

43,520

10,637

5,319

Loan

212 East 47th Street

10/21/2020

NAP

10/21/2020

NAP

28,334

9,863

4,931

Loan

Park Plaza Business Park

8/31/2021

11/4/2020

NAP

10/28/2020

NAP

184,076

15,800

25,544

3,649

1,503

Loan

Franz Road Industrial

8/31/2022

10/2/2020

NAP

10/1/2020

NAP

79,032

7,185

3,068

25,000

Loan

BJ’s Olean

8/31/2020

NAP

9/1/2020

NAP

2,452

897

Loan

Rite Aid - Yucca Valley

10/2/2020

NAP

10/2/2020

11%

1,464

2,487

622

Loan

78, 87

Omaha Sitel

9/24/2020

NAP

9/24/2020

NAP

750,596

Loan

CityLine Buffalo Storage

9/18/2020

NAP

9/18/2020

NAP

1,502

751

Loan

CityLine Loveland CO

9/29/2020

NAP

9/29/2020

NAP

38,163

4,770

Loan

455 Central Park West

10/21/2020

NAP

10/21/2020

NAP

8,057

6,981

3,490

A-1-18

BMARK 2020-B21 Annex A-1

Control Number	Loan / Property Flag	Footnotes	Property Name	Ongoing Replacement Reserve ($)	Replacement Reserve Caps ($)	Upfront TI/LC Reserve ($)	Ongoing TI/LC Reserve ($)	TI/LC Caps ($)	Upfront Debt Service Reserve ($)	Ongoing Debt Service Reserve ($)	Upfront Deferred Maintenance Reserve ($)	Ongoing Deferred Maintenance Reserve ($)	Upfront Environmental Reserve ($)	Ongoing Environmental Reserve ($)
1	Loan	8, 9, 10, 11, 12, 13, 14	The Grace Building	0	0	56,172,399	0	0	0	0	0	0	0	0
2	Loan	8, 10, 15, 16, 17, 18, 19	McClellan Business Park	0	2,077,645	0	0	6,925,484	0	0	0	0	0	0
3	Loan	20	Amazon West LA	0	0	0	0	0	168,375	0	0	0	0	0
4	Loan	8, 21	32-42 Broadway	30,425	0	3,000,000	0	3,000,000	4,062,500	0	32,450	0	0	0
5	Loan	8, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31	MGM Grand & Mandalay Bay	0	0	0	0	0	0	0	0	0	0	0
5.01	Property		MGM Grand
5.02	Property		Mandalay Bay
6	Loan	8, 32, 33, 34, 35	416-420 Kent Avenue	18,090	0	0	0	0	0	0	0	0	213,938	0
7	Loan	8, 36, 37, 38, 39	711 Fifth Avenue	0	170,012	0	0	1,020,072	0	0	0	0	0	0
8	Loan	40, 41, 42	3170 & 3180 Fairview Park Drive	4,662	0	0	29,136	0	0	0	0	0	0	0
9	Loan	43	One Commerce Square	6,524	0	1,500,000	32,620	3,000,000	0	0	1,007,639	0	0	0
10	Loan	44, 45, 46	Tower at Frisco Square	2,851	0	1,200,000	41,667	3,700,000	0	0	0	0	0	0
11	Loan	47	The Standard	4,741	0	1,000,000	50,000	2,500,000	577,065	0	3,956	0	0	0
12	Loan	8, 48, 49, 50, 51, 52, 53, 54	Kings Plaza	0	24 times monthly constant	0	0	24 times monthly constant	0	0	0	0	0	0
13	Loan	8, 55, 56	4 West 58th Street	1,392	33,408	7,811,435	13,932	835,920	0	0	0	0	0	0
14	Loan	8, 57, 58, 59	Redmond Town Center	4,830	0	0	53,090	2,750,000	0	0	0	0	0	0
15	Loan		Walgreens 9 Portfolio	0	0	0	0	0	0	0	0	0	0	0
15.01	Property		WAG Buffalo Grove
15.02	Property		WAG Nashville
15.03	Property		WAG Irmo
15.04	Property		WAG Sherman
15.05	Property		WAG Cleveland
15.06	Property		WAG Saginaw
15.07	Property		WAG Alice
15.08	Property		WAG Camden
15.09	Property		WAG Poplar Bluff
16	Loan	60	44 Whippany Fee	0	0	0	0	0	77,875	0	0	0	0	0
17	Loan	8, 61, 62, 63	Cambridge Crossing	0	0	20,538,868	0	0	0	0	0	0	0	0
18	Loan	64	InCommercial Net Lease Portfolio	0	0	0	0	0	0	0	0	0	0	0
18.01	Property		Walgreens - Grenada, MS
18.02	Property		Walgreens - Bastrop, LA
18.03	Property		Fresenius - Alexandria, LA
18.04	Property		Fresenius - Marksville, LA
18.05	Property		Dollar General - Otterbein, IN
18.06	Property		Dollar General - Chassell, MI
18.07	Property		Dollar General - Noel, MO
18.08	Property		Dollar General - El Dorado Springs, MO
18.09	Property		Dollar General - Montgomery City, MO
18.10	Property		Dollar General - Cambridge, MN
18.11	Property		Dollar General - Bemidji, MN
18.12	Property		Dollar General - Kingman, IN
18.13	Property		Dollar General - St Clair, MO
18.14	Property		Dollar General - Greenview, IL
18.15	Property		Dollar General - Warrensburg, IL
18.16	Property		Dollar General - Fairbank, IA
18.17	Property		Dollar General - St Charles, IA
18.18	Property		Dollar General - Pelican Rapids, MN
18.19	Property		Dollar General - Eolia, MO
19	Loan	65, 88	Best Western Plus Carriage Inn	The greater of (i) 4.0% of second prior month’s gross revenues, (ii) the then amount required under the Management Agreement or (iii) the then amount required under the Franchise Agreement for FF&E Work	0	0	0	0	0	0	0	0	0	0
20	Loan	8, 37, 66, 67	JW Marriott Nashville	Beginning on the payment date in April 2021, the borrower is required to deposit an amount equal to (i) for the payment dates through and including July 2023, 3% of Gross Revenues for the prior calendar month and (ii) thereafter, 4% of Gross Revenues for the prior calendar month	0	0	0	0	8,831,707	0	0	0	0	0
21	Loan	8, 68, 69, 70	White Oak Crossing	13,637	0	1,000,000	0	1,000,000	0	0	0	0	0	0
22	Loan	8, 71, 72, 73	Willoughby Commons	5,274	350,000	825,000	0	825,000	0	0	110,000	0	0	0
23	Loan	8, 74	The Hub	0	0	0	43,034	2,065,620	0	0	11,300	0	0	0
24	Loan	75, 76	SVEA Texas Portfolio	2,484	59,622	415,650	21,364	512,745	0	0	26,214	0	0	0
24.01	Property		4200 Jimmy Johnson Boulevard
24.02	Property		2220 Forum Drive
24.03	Property		4626 East Southcross Boulevard
24.04	Property		1919 Austin Avenue
24.05	Property		1470 Highway 44
24.06	Property		4602 East Southcross Boulevard
24.07	Property		2412 East Richardson Road
24.08	Property		11811 North D Street
25	Loan	77	Miramar Tech Center	945	56,710	0	5,435	326,082	0	0	0	0	0	0
26	Loan	78, 79	10 Railroad Avenue	1,198	0	0	0	143,802	0	0	0	0	0	0

A-1-19

BMARK 2020-B21 Annex A-1


Control Number	Loan / Property Flag	Footnotes	Property Name	Ongoing Replacement Reserve ($)	Replacement Reserve Caps ($)	Upfront TI/LC Reserve ($)	Ongoing TI/LC Reserve ($)	TI/LC Caps ($)	Upfront Debt Service Reserve ($)	Ongoing Debt Service Reserve ($)	Upfront Deferred Maintenance Reserve ($)	Ongoing Deferred Maintenance Reserve ($)	Upfront Environmental Reserve ($)	Ongoing Environmental Reserve ($)
27	Loan	80, 81	Dearborn Flex Portfolio	1,822	43,726	0	8,153	293,496	0	0	0	0	0	0
27.01	Property		5850 Mercury Drive
27.02	Property		15041 South Commerce Drive
28	Loan	44, 82	3100 Research Boulevard	4,617	277,012	18,467	18,467	1,108,048	0	0	92,029	0	0	0
29	Loan	83	Walmart Neighborhood Market & Shops - Chicago	702	0	0	2,525	0	0	0	0	0	0	0
30	Loan	84	156 West 54th and 159 West 53rd Street	950	0	0	0	0	0	0	0	0	0	0
31	Loan	84	212 East 47th Street	600	0	0	0	0	0	0	7,500	0	0	0
32	Loan	85	Park Plaza Business Park	1,503	54,000	350,000	0	350,000	199,306	0	32,000	0	0	0
33	Loan	86	Franz Road Industrial	0	25,000	50,000	5,313	100,000	107,624	0	0	0	0	0
34	Loan		BJ’s Olean	897	53,820	4,485	4,485	269,100	77,497	0	22,500	0	0	0
35	Loan		Rite Aid - Yucca Valley	0	0	0	0	0	0	0	0	0	0	0
36	Loan	78, 87	Omaha Sitel	596	0	100,000	2,385	0	40,506	0	2,813	0	0	0
37	Loan		CityLine Buffalo Storage	464	0	0	0	0	0	0	34,688	0	0	0
38	Loan		CityLine Loveland CO	273	0	0	0	0	0	0	0	0	0	0
39	Loan	84	455 Central Park West	417	0	0	0	0	0	0	0	0	0	0

A-1-20

BMARK 2020-B21 Annex A-1

Control Number	Loan / Property Flag	Footnotes	Property Name	Upfront Other Reserve ($)	Ongoing Other Reserve ($)	Other Reserve Description	Borrower Name
1	Loan	8, 9, 10, 11, 12, 13, 14	The Grace Building	33,543,750	0	Free Rent Reserve ($25,964,570); Lobby/Elevator Work ($5,970,240); Parking Rent Shortfall Reserve ($1,608,940)	1114 6th Avenue Owner LLC
2	Loan	8, 10, 15, 16, 17, 18, 19	McClellan Business Park	6,190,922	0	Existing TI/LC Obligations Reserve ($5,482,591), Development Agency Loan Reserve ($689,613.89), Rent Concession Reserve ($18,717)	McClellan Realty, LLC
3	Loan	20	Amazon West LA	3,120,000	0	Unfunded Obligations Reserve ($2,620,000), Additional Allowance Reserve ($500,000)	Playa Vista Real Estate II, LLC
4	Loan	8, 21	32-42 Broadway	131,038	0	Unfunded Obligations Reserve	32-42 Broadway Owner LLC
5	Loan	8, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31	MGM Grand & Mandalay Bay	0	0		MGM Grand PropCo, LLC and Mandalay PropCo, LLC
5.01	Property		MGM Grand
5.02	Property		Mandalay Bay
6	Loan	8, 32, 33, 34, 35	416-420 Kent Avenue	304,500	0	Unfunded Obligations Reserve	420 Kent Avenue LLC
7	Loan	8, 36, 37, 38, 39	711 Fifth Avenue	3,048,024	0	TCO Renewal Reserve ($2,000,000), Unfunded Obligations Reserve ($1,048,024.18)	711 Fifth Ave Principal Owner LLC
8	Loan	40, 41, 42	3170 & 3180 Fairview Park Drive	2,772,976	0	Unfunded Obligations Reserve	UST Fairview Owner, LP
9	Loan	43	One Commerce Square	0	0		One Commerce Square Memphis Realty LP
10	Loan	44, 45, 46	Tower at Frisco Square	999,571	0	Unfunded Obligations Reserve ($484,050), Gearbox Unfunded Obligations Reserve ($300,000), Prepaid Rent Reserve ($215,521)	Frisco Tower Acquisition DE, LLC
11	Loan	47	The Standard	2,134,418	0	Outstanding TI/LC Reserve	27777 Property, LLC
12	Loan	8, 48, 49, 50, 51, 52, 53, 54	Kings Plaza	0	0		Brooklyn Kings Plaza LLC, Kings Plaza Ground Lease LLC
13	Loan	8, 55, 56	4 West 58th Street	5,799,156	0	Free Rent/Gap Rent Reserve	Ulysses Co. II, L.L.C., Solow Building Company III, L.L.C.
14	Loan	8, 57, 58, 59	Redmond Town Center	2,809,532	0	Unfunded Obligations Reserve	FHR Main Retail Center, LLC
15	Loan		Walgreens 9 Portfolio	0	0		Cello Property Alice, L.L.C., Cello Property Buffalo Grove, L.L.C., Cello Property Camden, L.L.C., Cello Property Cleveland, L.L.C., Cello Property Irmo, L.L.C., Cello Property Nashville, L.L.C., Cello Property Poplar Bluff, L.L.C., Cello Property Saginaw, L.L.C. and Cello Property Sherman, L.L.C.
15.01	Property		WAG Buffalo Grove
15.02	Property		WAG Nashville
15.03	Property		WAG Irmo
15.04	Property		WAG Sherman
15.05	Property		WAG Cleveland
15.06	Property		WAG Saginaw
15.07	Property		WAG Alice
15.08	Property		WAG Camden
15.09	Property		WAG Poplar Bluff
16	Loan	60	44 Whippany Fee	0	0		MCP II 44 Whippany, LLC
17	Loan	8, 61, 62, 63	Cambridge Crossing	11,091,980	0	Rent Concession Reserve ($10,841,980.06), Municipalities Code Violation Reserve ($250,000)	DW PropCo JK, LLC
18	Loan	64	InCommercial Net Lease Portfolio	0	0		InCommercial Net Lease DST 1
18.01	Property		Walgreens - Grenada, MS
18.02	Property		Walgreens - Bastrop, LA
18.03	Property		Fresenius - Alexandria, LA
18.04	Property		Fresenius - Marksville, LA
18.05	Property		Dollar General - Otterbein, IN
18.06	Property		Dollar General - Chassell, MI
18.07	Property		Dollar General - Noel, MO
18.08	Property		Dollar General - El Dorado Springs, MO
18.09	Property		Dollar General - Montgomery City, MO
18.10	Property		Dollar General - Cambridge, MN
18.11	Property		Dollar General - Bemidji, MN
18.12	Property		Dollar General - Kingman, IN
18.13	Property		Dollar General - St Clair, MO
18.14	Property		Dollar General - Greenview, IL
18.15	Property		Dollar General - Warrensburg, IL
18.16	Property		Dollar General - Fairbank, IA
18.17	Property		Dollar General - St Charles, IA
18.18	Property		Dollar General - Pelican Rapids, MN
18.19	Property		Dollar General - Eolia, MO
19	Loan	65, 88	Best Western Plus Carriage Inn	0	0		5525 Sepulveda Hotel Partners, LLC
20	Loan	8, 37, 66, 67	JW Marriott Nashville	0	0		8th & Demonbreun Hotel LP
21	Loan	8, 68, 69, 70	White Oak Crossing	19,926	0	Unfunded Obligations Reserve	NC-Garner White-DDP TIC, LLC and NC-Garner White-Northwood TIC, LLC
22	Loan	8, 71, 72, 73	Willoughby Commons	566,188	0	Critical Tenant Reserve ($496,188), Unfunded Obligations Reserve ($70,000)	Willoughby Commons LLC
23	Loan	8, 74	The Hub	0	0		Related Retail Hub, LLC
24	Loan	75, 76	SVEA Texas Portfolio	0	0		SVEA DB Holdings LLC
24.01	Property		4200 Jimmy Johnson Boulevard
24.02	Property		2220 Forum Drive
24.03	Property		4626 East Southcross Boulevard
24.04	Property		1919 Austin Avenue
24.05	Property		1470 Highway 44
24.06	Property		4602 East Southcross Boulevard
24.07	Property		2412 East Richardson Road
24.08	Property		11811 North D Street
25	Loan	77	Miramar Tech Center	193,990	0	Free Rent Reserve	Miramar Tech LLC
26	Loan	78, 79	10 Railroad Avenue	0	0		Railroad Avenue Real Estate Holdings, LLC

A-1-21

BMARK 2020-B21 Annex A-1


Control Number	Loan / Property Flag	Footnotes	Property Name	Upfront Other Reserve ($)	Ongoing Other Reserve ($)	Other Reserve Description	Borrower Name
27	Loan	80, 81	Dearborn Flex Portfolio	59,540	0	Free Rent Reserve	North Ford Holdings II LLC and North Ford Holdings III LLC
27.01	Property		5850 Mercury Drive
27.02	Property		15041 South Commerce Drive
28	Loan	44, 82	3100 Research Boulevard	0	0		Kettering Office Park LLC
29	Loan	83	Walmart Neighborhood Market & Shops - Chicago	10,472	0	Gap Rent Reserve	Ace 2 Bronzeville, LLC
30	Loan	84	156 West 54th and 159 West 53rd Street	5,720	0	Condominium Common Charge Reserve	West 54th Garage LLC
31	Loan	84	212 East 47th Street	5,720	0	Condominium Common Charge Reserve	47th Garage LLC
32	Loan	85	Park Plaza Business Park	0	0		Tres Amigos-MJG, LLC
33	Loan	86	Franz Road Industrial	0	0		Franz Warehouse DE LLC
34	Loan		BJ’s Olean	0	0		Olean Retail Property Limited Partnership
35	Loan		Rite Aid - Yucca Valley	0	0		57701 Twentynine Palms, LLC
36	Loan	78, 87	Omaha Sitel	100,000	0	Outstanding TI Reserve	Edge 5601N 103rd St LLC
37	Loan		CityLine Buffalo Storage	0	0		FultonBSH SVNC I, LLC
38	Loan		CityLine Loveland CO	0	0		29th Street Self-Storage II, LLC
39	Loan	84	455 Central Park West	9,008	0	Condominium Common Charge Reserve	CPW Garage LLC

A-1-22

BMARK 2020-B21 Annex A-1

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	Loan Payoff	Purchase Price	Closing Costs	Reserves
1	Loan	8, 9, 10, 11, 12, 13, 14	The Grace Building	No	BOP NYC OP LLC, Swig Investment Company, LLC	Refinance	883,000,000	0	367,000,000	0	1,250,000,000	905,439,802	0	14,879,035	89,716,149
2	Loan	8, 10, 15, 16, 17, 18, 19	McClellan Business Park	No	McClellan Business Park, LLC	Refinance	358,000,000	0	0	0	358,000,000	344,200,000	0	2,750,000	6,190,922
3	Loan	20	Amazon West LA	No	Hooman Nissani, Sharen Golshon, and Babak Sarraf	Refinance	75,000,000	0	93,000,000	0	168,000,000	117,377,813	0	3,454,883	4,186,541
4	Loan	8, 21	32-42 Broadway	No	Eli Schron, Mark Schron and Avi Schron	Refinance	125,000,000	2,050,134	0	0	127,050,134	115,986,003	0	3,838,143	7,225,988
5	Loan	8, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31	MGM Grand & Mandalay Bay	No	BREIT Operating Partnership L.P. and MGM Growth Properties Operating Partnership LP	Acquisition	1,634,200,000	1,617,792,163	1,365,800,000	0	4,617,792,163	0	4,600,000,000	17,792,163	0
5.01	Property		MGM Grand
5.02	Property		Mandalay Bay
6	Loan	8, 32, 33, 34, 35	416-420 Kent Avenue	No	Eliot Spitzer	Refinance	216,900,000	0	171,100,000	0	388,000,000	381,492,632	0	5,401,093	753,701
7	Loan	8, 36, 37, 38, 39	711 Fifth Avenue	No	None	Refinance	545,000,000	60,294,721	0	0	605,294,721	598,153,683	0	4,093,014	3,048,024
8	Loan	40, 41, 42	3170 & 3180 Fairview Park Drive	No	Estein Holdings, Ltd.	Acquisition	52,500,000	38,425,720	0	0	90,925,720	0	87,500,000	640,470	2,785,250
9	Loan	43	One Commerce Square	No	Raymond Massa and Alexander Massa	Refinance	33,000,000	0	0	0	33,000,000	26,947,297	0	708,188	2,580,739
10	Loan	44, 45, 46	Tower at Frisco Square	No	Maxus Realty Trust, Inc.	Refinance	32,000,000	0	0	0	32,000,000	24,010,561	0	1,353,381	2,227,474
11	Loan	47	The Standard	No	The Farbman Family #2, LLC and USMM Realty, LLC	Refinance	31,000,000	0	0	0	31,000,000	19,908,000	0	345,417	3,885,198
12	Loan	8, 48, 49, 50, 51, 52, 53, 54	Kings Plaza	No	The Macerich Partnership, L.P.	Refinance	487,000,000	0	53,000,000	0	540,000,000	428,649,060	0	6,113,399	0
13	Loan	8, 55, 56	4 West 58th Street	No	Sheldon H. Solow	Recapitalization	125,000,000	0	0	0	125,000,000	0	0	4,200,083	13,706,435
14	Loan	8, 57, 58, 59	Redmond Town Center	No	Fairbourne Partners, LLC	Recapitalization	101,500,000	47,641,961	0	0	149,141,961	0	144,882,040	908,273	3,351,648
15	Loan		Walgreens 9 Portfolio	No	The Richard L. Adams, Jr. Trust	Refinance	30,000,000	0	0	0	30,000,000	28,811,094	0	212,126	0
15.01	Property		WAG Buffalo Grove
15.02	Property		WAG Nashville
15.03	Property		WAG Irmo
15.04	Property		WAG Sherman
15.05	Property		WAG Cleveland
15.06	Property		WAG Saginaw
15.07	Property		WAG Alice
15.08	Property		WAG Camden
15.09	Property		WAG Poplar Bluff
16	Loan	60	44 Whippany Fee	No	Shimon Katz	Acquisition
17	Loan	8, 61, 62, 63	Cambridge Crossing	No	None	Refinance
18	Loan	64	InCommercial Net Lease Portfolio	Yes	Erik Conrad	Acquisition
18.01	Property		Walgreens - Grenada, MS
18.02	Property		Walgreens - Bastrop, LA
18.03	Property		Fresenius - Alexandria, LA
18.04	Property		Fresenius - Marksville, LA
18.05	Property		Dollar General - Otterbein, IN
18.06	Property		Dollar General - Chassell, MI
18.07	Property		Dollar General - Noel, MO
18.08	Property		Dollar General - El Dorado Springs, MO
18.09	Property		Dollar General - Montgomery City, MO
18.10	Property		Dollar General - Cambridge, MN
18.11	Property		Dollar General - Bemidji, MN
18.12	Property		Dollar General - Kingman, IN
18.13	Property		Dollar General - St Clair, MO
18.14	Property		Dollar General - Greenview, IL
18.15	Property		Dollar General - Warrensburg, IL
18.16	Property		Dollar General - Fairbank, IA
18.17	Property		Dollar General - St Charles, IA
18.18	Property		Dollar General - Pelican Rapids, MN
18.19	Property		Dollar General - Eolia, MO
19	Loan	65, 88	Best Western Plus Carriage Inn	No	Invest West Financial Corporation, CHM Hotels and Somera Capital Management, LLC	Refinance
20	Loan	8, 37, 66, 67	JW Marriott Nashville	No	Jacquelyn Soffer	Refinance
21	Loan	8, 68, 69, 70	White Oak Crossing	No	Stanley Werb and Jonathan S. Gaines	Acquisition
22	Loan	8, 71, 72, 73	Willoughby Commons	No	Mitchell C. Schneider	Refinance
23	Loan	8, 74	The Hub	No	The Related Companies, L.P.	Refinance
24	Loan	75, 76	SVEA Texas Portfolio	No	Harry J. Kuper, Jr. and SVEA Real Estate Group, LLC	Refinance
24.01	Property		4200 Jimmy Johnson Boulevard
24.02	Property		2220 Forum Drive
24.03	Property		4626 East Southcross Boulevard
24.04	Property		1919 Austin Avenue
24.05	Property		1470 Highway 44
24.06	Property		4602 East Southcross Boulevard
24.07	Property		2412 East Richardson Road
24.08	Property		11811 North D Street
25	Loan	77	Miramar Tech Center	No	Alejandro Velez	Acquisition
26	Loan	78, 79	10 Railroad Avenue	No	Naftali Hager and Jacob Hager	Acquisition

A-1-23

BMARK 2020-B21 Annex A-1

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

Loan Payoff

Purchase Price

Closing Costs

Reserves

Loan

80, 81

Dearborn Flex Portfolio

Meshulam Martin

Refinance

27.01

Property

5850 Mercury Drive

27.02

Property

15041 South Commerce Drive

Loan

44, 82

3100 Research Boulevard

Francis Greenburger

Refinance

Loan

Walmart Neighborhood Market & Shops - Chicago

Joshua Jacob Behar, Adela Dayan Harari, Isidoro Dayan Tawil and Marcos Dayan Tawil

Acquisition

Loan

156 West 54th and 159 West 53rd Street

Hudson Capital Properties IV, LLC, Hudson Capital Properties V, LLC and Centerpark Realty LLC

Acquisition

Loan

212 East 47th Street

Hudson Capital Properties IV, LLC, Hudson Capital Properties V, LLC and Centerpark Realty LLC

Acquisition

Loan

Park Plaza Business Park

Juan M. Mitterhofer, Gian C. Mitterhofer and Wendy M. Velez

Refinance

Loan

Franz Road Industrial

John W. Able

Refinance

Loan

BJ’s Olean

Aurelio Baglione

Acquisition

Loan

Rite Aid - Yucca Valley

Reisa Cheng Jiang

Acquisition

Loan

78, 87

Omaha Sitel

Matthew Chapdelaine, James La Marche and Yaniv Blumenfeld

Acquisition

Loan

CityLine Buffalo Storage

George Thacker, Lawrence Charles Kaplan and Richard Schontz

Acquisition

Loan

CityLine Loveland CO

George Thacker, Lawrence Charles Kaplan and Richard Schontz

Acquisition

Loan

455 Central Park West

Hudson Capital Properties IV, LLC, Hudson Capital Properties V, LLC and Centerpark Realty LLC

Acquisition

A-1-24

BMARK 2020-B21 Annex A-1

Control Number	Loan / Property Flag	Footnotes	Property Name	Principal Equity Distribution	Other Uses	Total Uses	Lockbox	Cash Management
1	Loan	8, 9, 10, 11, 12, 13, 14	The Grace Building	239,965,013	0	1,250,000,000	Hard	Springing
2	Loan	8, 10, 15, 16, 17, 18, 19	McClellan Business Park	4,859,078	0	358,000,000	Hard	Springing
3	Loan	20	Amazon West LA	42,980,764	0	168,000,000	Hard	In Place
4	Loan	8, 21	32-42 Broadway	0	0	127,050,134	Hard	Springing
5	Loan	8, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31	MGM Grand & Mandalay Bay	0	0	4,617,792,163	Hard	Springing
5.01	Property		MGM Grand
5.02	Property		Mandalay Bay
6	Loan	8, 32, 33, 34, 35	416-420 Kent Avenue	352,574	0	388,000,000	Soft (Residential) / Hard (Commercial Tenants)	Springing
7	Loan	8, 36, 37, 38, 39	711 Fifth Avenue	0	0	605,294,721	Hard	Springing
8	Loan	40, 41, 42	3170 & 3180 Fairview Park Drive	0	0	90,925,720	Hard	Springing
9	Loan	43	One Commerce Square	2,763,776	0	33,000,000	Hard	Springing
10	Loan	44, 45, 46	Tower at Frisco Square	4,408,584	0	32,000,000	Hard	Springing
11	Loan	47	The Standard	6,861,384	0	31,000,000	Hard	Springing
12	Loan	8, 48, 49, 50, 51, 52, 53, 54	Kings Plaza	105,237,541	0	540,000,000	Hard	Springing
13	Loan	8, 55, 56	4 West 58th Street	107,093,482	0	125,000,000	Hard	Springing
14	Loan	8, 57, 58, 59	Redmond Town Center	0	0	149,141,961	Hard	Springing
15	Loan		Walgreens 9 Portfolio	976,780	0	30,000,000	Hard	Springing
15.01	Property		WAG Buffalo Grove
15.02	Property		WAG Nashville
15.03	Property		WAG Irmo
15.04	Property		WAG Sherman
15.05	Property		WAG Cleveland
15.06	Property		WAG Saginaw
15.07	Property		WAG Alice
15.08	Property		WAG Camden
15.09	Property		WAG Poplar Bluff
16	Loan	60	44 Whippany Fee				Hard	Springing
17	Loan	8, 61, 62, 63	Cambridge Crossing				Hard	Springing
18	Loan	64	InCommercial Net Lease Portfolio				Hard	Springing
18.01	Property		Walgreens - Grenada, MS
18.02	Property		Walgreens - Bastrop, LA
18.03	Property		Fresenius - Alexandria, LA
18.04	Property		Fresenius - Marksville, LA
18.05	Property		Dollar General - Otterbein, IN
18.06	Property		Dollar General - Chassell, MI
18.07	Property		Dollar General - Noel, MO
18.08	Property		Dollar General - El Dorado Springs, MO
18.09	Property		Dollar General - Montgomery City, MO
18.10	Property		Dollar General - Cambridge, MN
18.11	Property		Dollar General - Bemidji, MN
18.12	Property		Dollar General - Kingman, IN
18.13	Property		Dollar General - St Clair, MO
18.14	Property		Dollar General - Greenview, IL
18.15	Property		Dollar General - Warrensburg, IL
18.16	Property		Dollar General - Fairbank, IA
18.17	Property		Dollar General - St Charles, IA
18.18	Property		Dollar General - Pelican Rapids, MN
18.19	Property		Dollar General - Eolia, MO
19	Loan	65, 88	Best Western Plus Carriage Inn				Springing	Springing
20	Loan	8, 37, 66, 67	JW Marriott Nashville				Hard	Springing
21	Loan	8, 68, 69, 70	White Oak Crossing				Springing	Springing
22	Loan	8, 71, 72, 73	Willoughby Commons				Springing	Springing
23	Loan	8, 74	The Hub				Hard	Springing
24	Loan	75, 76	SVEA Texas Portfolio				Hard	Springing
24.01	Property		4200 Jimmy Johnson Boulevard
24.02	Property		2220 Forum Drive
24.03	Property		4626 East Southcross Boulevard
24.04	Property		1919 Austin Avenue
24.05	Property		1470 Highway 44
24.06	Property		4602 East Southcross Boulevard
24.07	Property		2412 East Richardson Road
24.08	Property		11811 North D Street
25	Loan	77	Miramar Tech Center				Springing	Springing
26	Loan	78, 79	10 Railroad Avenue				Hard	Springing

A-1-25

BMARK 2020-B21 Annex A-1


Control Number	Loan / Property Flag	Footnotes	Property Name	Principal Equity Distribution	Other Uses	Total Uses	Lockbox	Cash Management
27	Loan	80, 81	Dearborn Flex Portfolio				Springing	Springing
27.01	Property		5850 Mercury Drive
27.02	Property		15041 South Commerce Drive
28	Loan	44, 82	3100 Research Boulevard				Springing	Springing
29	Loan	83	Walmart Neighborhood Market & Shops - Chicago				Hard	Springing
30	Loan	84	156 West 54th and 159 West 53rd Street				Springing	Springing
31	Loan	84	212 East 47th Street				Springing	Springing
32	Loan	85	Park Plaza Business Park				Springing	Springing
33	Loan	86	Franz Road Industrial				Springing	Springing
34	Loan		BJ’s Olean				Hard	Springing
35	Loan		Rite Aid - Yucca Valley				Springing	Springing
36	Loan	78, 87	Omaha Sitel				Hard	Springing
37	Loan		CityLine Buffalo Storage				Springing	Springing
38	Loan		CityLine Loveland CO				Springing	Springing
39	Loan	84	455 Central Park West				Springing	Springing

A-1-26

BMARK 2020-B21 Annex A-1

Control Number	Loan / Property Flag	Footnotes	Property Name	Cash Management Triggers	Ground Lease Y/N	Ground Lease Expiration Date
1	Loan	8, 9, 10, 11, 12, 13, 14	The Grace Building	(i) the occurrence of an Event of Default, (ii) the occurrence of an Mezzanine Loan Event of Default or (iii) DY is less than 6%	No
2	Loan	8, 10, 15, 16, 17, 18, 19	McClellan Business Park	(i) the occurrence of an Event of Default, (ii) Debt Yield is less than 7.0%	No
3	Loan	20	Amazon West LA	(i) the occurrence of an event of default, (ii) the debt yield is less than 5.0%, (iii) the Mortgage Loan Debt Yield is less than 11.2%, (iv) the occurrence of a Specified Tenant Trigger Period, (v) the occurrence of a Mezzanine Cash Sweep Period	No
4	Loan	8, 21	32-42 Broadway	(i) the occurrence of an Event of Default, (ii)as of any date of determination occurring on or after 18 months from the note date, the Debt Yield falling below 6.25%, (iii) the occurrence of a Specified Tenant Trigger Period	No
5	Loan	8, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31	MGM Grand & Mandalay Bay	(i) the occurrence of an Event of Default, (ii) DSCR is less than 2.50x, (iii) the occurrence of an MGM/Mandalay Tenant Bankruptcy Event,(iv) the occurrence of an OpCo Trigger Event, (v) the occurrence of an ARD Failure Event
5.01	Property		MGM Grand		No
5.02	Property		Mandalay Bay		No
6	Loan	8, 32, 33, 34, 35	416-420 Kent Avenue	(A) commencing upon the earliest of (i) the occurrence and continuance of an Event of Default, (ii) on or after the Debt Yield Testing Start Date, the Debt Yield is below the Required Debt Yield or (ii) the Mortgage-Only Debt Yield is below the Required MO Debt Yield , and (iii) Lender receiving written notice from Mezzanine Lender that a Mezzanine Trigger Period has occurred and is continuing.	No
7	Loan	8, 36, 37, 38, 39	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
8	Loan	40, 41, 42	3170 & 3180 Fairview Park Drive	(i) the occurrence of an Event of Default, (ii) beginning with the fiscal quarter beginning on October 1, 2021, Debt Yield is less than 9.08%, (iii) failure to deliver financial statements as required in the Loan Agreement	No
9	Loan	43	One Commerce Square	(i) the occurrence of an Event of Default, (ii) Debt Yield is less than 7.5%, (iii) the occurrence of a Specified Tenant Trigger Period	Yes	12/23/2030 (Tower) 12/23/2040 (Garage)
10	Loan	44, 45, 46	Tower at Frisco Square	(i) the occurrence of an Event of Default, (ii) Debt Yield is less than 7.25%, (iii) the occurrence of a Specified Tenant Trigger Period	No
11	Loan	47	The Standard	(i) the occurrence of an Event of Default, (ii) Bankruptcy Action of Borrower or Manager, (iii) DSCR is less than 1.25x or (iv) a Tenant Trigger Event	No
12	Loan	8, 48, 49, 50, 51, 52, 53, 54	Kings Plaza	(i) the occurrence of an Event of Default, (ii) Combined Loan DSCR is less than 1.25x, (ii) Mortgage loan DSCR is less than 1.43x,(iv) the occurrence of a Mezzanine Loan Event of Default	Yes	5/28/2028
13	Loan	8, 55, 56	4 West 58th Street	(i) the occurrence of an Event of Default, (ii) Bankruptcy Action of Borrower or Manager, (iii) DSCR is less than 1.50x, (iv) the occurrence of a Tenant Trigger Event	Yes	9/14/2052
14	Loan	8, 57, 58, 59	Redmond Town Center	(i) the occurrence of an Event of Default, (ii) Debt Yield is less than 8.0%	No
15	Loan		Walgreens 9 Portfolio	(i) the occurrence of an Event of Default, (ii) Specified Tenant Trigger Event
15.01	Property		WAG Buffalo Grove		No
15.02	Property		WAG Nashville		No
15.03	Property		WAG Irmo		No
15.04	Property		WAG Sherman		No
15.05	Property		WAG Cleveland		No
15.06	Property		WAG Saginaw		No
15.07	Property		WAG Alice		No
15.08	Property		WAG Camden		No
15.09	Property		WAG Poplar Bluff		No
16	Loan	60	44 Whippany Fee	(i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x, (iii) the occurrence of a Specified Tenant Trigger Period	Yes	10/31/2119
17	Loan	8, 61, 62, 63	Cambridge Crossing	(i) the occurrence of an Event of Default, (ii) DSCR is less than 1.75x on or after December 31, 2021, (iii) the commencement of a Lease Sweep Period, (iv) the occurrence of the Anticipated Repayment Date	No
18	Loan	64	InCommercial Net Lease Portfolio	(i) the occurrence of an Event of Default, (ii) DSCR is less than 1.30x, (iii) the occurrence of a Specified Tenant Trigger Period
18.01	Property		Walgreens - Grenada, MS		No
18.02	Property		Walgreens - Bastrop, LA		No
18.03	Property		Fresenius - Alexandria, LA		No
18.04	Property		Fresenius - Marksville, LA		No
18.05	Property		Dollar General - Otterbein, IN		No
18.06	Property		Dollar General - Chassell, MI		No
18.07	Property		Dollar General - Noel, MO		No
18.08	Property		Dollar General - El Dorado Springs, MO		No
18.09	Property		Dollar General - Montgomery City, MO		No
18.10	Property		Dollar General - Cambridge, MN		No
18.11	Property		Dollar General - Bemidji, MN		No
18.12	Property		Dollar General - Kingman, IN		No
18.13	Property		Dollar General - St Clair, MO		No
18.14	Property		Dollar General - Greenview, IL		No
18.15	Property		Dollar General - Warrensburg, IL		No
18.16	Property		Dollar General - Fairbank, IA		No
18.17	Property		Dollar General - St Charles, IA		No
18.18	Property		Dollar General - Pelican Rapids, MN		No
18.19	Property		Dollar General - Eolia, MO		No
19	Loan	65, 88	Best Western Plus Carriage Inn	(i) the occurrence of an Event of Default, (ii) DSCR is less than 1.30x, (iii) the occurrence of a Mezzanine Trigger Period	No
20	Loan	8, 37, 66, 67	JW Marriott Nashville	(i) the occurrence of an Event of Default, (ii) beginning on September 30, 2022, Debt Yield is less than 7.5% at the conclusion of any two consecutive fiscal quarters, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) the occurrence of a Debt Service Withdrawal	Yes	3/6/2030
21	Loan	8, 68, 69, 70	White Oak Crossing	(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, (iv) the occurrence of a Critical Tenant Trigger Event	No
22	Loan	8, 71, 72, 73	Willoughby Commons	(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, (iv) the occurrence of a Critical Tenant Trigger Event	No
23	Loan	8, 74	The Hub	(i) the occurrence of an Event of Default, (ii) Debt Yield is less than 7.75%, (iii) failure to deliver financial statements as required in the Loan Agreement, (iv) the occurrence of a Major Tenant Trigger Period	No
24	Loan	75, 76	SVEA Texas Portfolio	(i) the occurrence of an Event of Default, (ii) DSCR is less than 1.30x, (iii) the commencement of a Mezzanine Trigger Period, (iv) the commencement of a Lease Sweep Period
24.01	Property		4200 Jimmy Johnson Boulevard		No
24.02	Property		2220 Forum Drive		No
24.03	Property		4626 East Southcross Boulevard		No
24.04	Property		1919 Austin Avenue		No
24.05	Property		1470 Highway 44		No
24.06	Property		4602 East Southcross Boulevard		No
24.07	Property		2412 East Richardson Road		No
24.08	Property		11811 North D Street		No
25	Loan	77	Miramar Tech Center	(i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x, (iii) the occurrence of a Specified Tenant Trigger Period	No
26	Loan	78, 79	10 Railroad Avenue	(i) the occurrence of an Event of Default, (ii) bankruptcy action of borrower or manager, (iii) DSCR is less than 1.20x, (iii) the occurrence of a Capital Trigger Event	No

A-1-27

BMARK 2020-B21 Annex A-1


Control Number	Loan / Property Flag	Footnotes	Property Name	Cash Management Triggers	Ground Lease Y/N	Ground Lease Expiration Date
27	Loan	80, 81	Dearborn Flex Portfolio	(i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x, (iii) the occurrence of a Specified Tenant Trigger Period, (iv) the occurrence of a Roof Trigger Period
27.01	Property		5850 Mercury Drive		No
27.02	Property		15041 South Commerce Drive		No
28	Loan	44, 82	3100 Research Boulevard	(i) the occurrence of an Event of Default, (ii) Bankruptcy Action of Borrower or Manager, (iii) DSCR is less than 1.55x, (iv) the occurrence of a Tenant Trigger Event	No
29	Loan	83	Walmart Neighborhood Market & Shops - Chicago	(i) the occurrence of an Event of Default, (ii) Debt Yield is less than 8.0%, (iii) the occurrence of a Specified Tenant Trigger Period	No
30	Loan	84	156 West 54th and 159 West 53rd Street	(i) the occurrence of an Event of Default, (ii) Debt Yield is less than 7.5%, (iii) the occurrence of a Specified Tenant Trigger Period	No
31	Loan	84	212 East 47th Street	(i) the occurrence of an Event of Default, (ii) Debt Yield is less than 7.5%, (iii) the occurrence of a Specified Tenant Trigger Period	No
32	Loan	85	Park Plaza Business Park	(i) the occurrence of an Event of Default, (ii) Bankruptcy Action of Borrower or Manager, (iii) DSCR is less than 1.25x	No
33	Loan	86	Franz Road Industrial	(i) the occurrence of an Event of Default, (ii) DSCR is less than 1.25x, (iii) the commencement of a DS Reimbursement Period, (iv) the commencement of a Mezzanine Trigger Period	No
34	Loan		BJ’s Olean	(i) the occurrence of an Event of Default, (ii) Bankruptcy Action of Borrower or Manager, (iii) DSCR is less than 1.30x, (iv) the occurrence of a BJ’s Trigger event or (v) the occurrence of a Downgrade Trigger Event	No
35	Loan		Rite Aid - Yucca Valley	(i) the occurrence of an Event of Default, (ii) Debt Yield is less than 8.0%, (iii) the occurrence of a Specified Tenant Trigger Period	No
36	Loan	78, 87	Omaha Sitel	(i) the occurrence of an Event of Default, (ii) Bankruptcy Action of Borrower or Manager, (iii) DSCR is less than 1.20x, (iv) the occurrence of a Sitel Group Trigger Event	No
37	Loan		CityLine Buffalo Storage	(i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x	No
38	Loan		CityLine Loveland CO	(i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x	No
39	Loan	84	455 Central Park West	(i) the occurrence of an Event of Default, (ii) Debt Yield is less than 7.5%, (iii) the occurrence of a Specified Tenant Trigger Period	No

A-1-28

BMARK 2020-B21 Annex A-1

Control Number	Loan / Property Flag	Footnotes	Property Name	Annual Ground Lease Payment ($)	Cut-off Date Pari Passu Companion Loan Balance ($)	Cut-off Date Subordinate Companion Loan Balance ($)	Subordinate Companion Loan Interest Rate	Cut-off Date Mezzanine Debt Balance ($)	Terrorism Insurance Required	Franchise Agreement Expiration	Control Number
1	Loan	8, 9, 10, 11, 12, 13, 14	The Grace Building		783,000,000	367,000,000	2.69210%		Yes	NAP	1
2	Loan	8, 10, 15, 16, 17, 18, 19	McClellan Business Park		283,000,000				Yes	NAP	2
3	Loan	20	Amazon West LA					93,000,000	Yes	NAP	3
4	Loan	8, 21	32-42 Broadway		50,000,000				Yes	NAP	4
5	Loan	8, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31	MGM Grand & Mandalay Bay		1,559,200,000	1,365,800,000	3.55800%		Yes	NAP	5
5.01	Property		MGM Grand						Yes	NAP	5.01
5.02	Property		Mandalay Bay						Yes	NAP	5.02
6	Loan	8, 32, 33, 34, 35	416-420 Kent Avenue		156,900,000	81,100,000	3.34832%	90,000,000	Yes	NAP	6
7	Loan	8, 36, 37, 38, 39	711 Fifth Avenue		485,000,000				Yes	NAP	7
8	Loan	40, 41, 42	3170 & 3180 Fairview Park Drive						Yes	NAP	8
9	Loan	43	One Commerce Square	$100 (Tower); $100 (Garage)					Yes	NAP	9
10	Loan	44, 45, 46	Tower at Frisco Square						Yes	NAP	10
11	Loan	47	The Standard						Yes	NAP	11
12	Loan	8, 48, 49, 50, 51, 52, 53, 54	Kings Plaza	122,957	457,000,000			53,000,000	Yes	NAP	12
13	Loan	8, 55, 56	4 West 58th Street	63,000	95,000,000				Yes	NAP	13
14	Loan	8, 57, 58, 59	Redmond Town Center		71,500,000				Yes	NAP	14
15	Loan		Walgreens 9 Portfolio						Yes	NAP	15
15.01	Property		WAG Buffalo Grove						Yes	NAP	15.01
15.02	Property		WAG Nashville						Yes	NAP	15.02
15.03	Property		WAG Irmo						Yes	NAP	15.03
15.04	Property		WAG Sherman						Yes	NAP	15.04
15.05	Property		WAG Cleveland						Yes	NAP	15.05
15.06	Property		WAG Saginaw						Yes	NAP	15.06
15.07	Property		WAG Alice						Yes	NAP	15.07
15.08	Property		WAG Camden						Yes	NAP	15.08
15.09	Property		WAG Poplar Bluff						Yes	NAP	15.09
16	Loan	60	44 Whippany Fee	$1,751,047 for years 1-10; increasing by 2% of Annual Basic Rent for the previous Lease Year for years 11-99					Yes	NAP	16
17	Loan	8, 61, 62, 63	Cambridge Crossing		270,000,000	140,000,000	2.69800%		Yes	NAP	17
18	Loan	64	InCommercial Net Lease Portfolio						Yes	NAP	18
18.01	Property		Walgreens - Grenada, MS						Yes	NAP	18.01
18.02	Property		Walgreens - Bastrop, LA						Yes	NAP	18.02
18.03	Property		Fresenius - Alexandria, LA						Yes	NAP	18.03
18.04	Property		Fresenius - Marksville, LA						Yes	NAP	18.04
18.05	Property		Dollar General - Otterbein, IN						Yes	NAP	18.05
18.06	Property		Dollar General - Chassell, MI						Yes	NAP	18.06
18.07	Property		Dollar General - Noel, MO						Yes	NAP	18.07
18.08	Property		Dollar General - El Dorado Springs, MO						Yes	NAP	18.08
18.09	Property		Dollar General - Montgomery City, MO						Yes	NAP	18.09
18.10	Property		Dollar General - Cambridge, MN						Yes	NAP	18.10
18.11	Property		Dollar General - Bemidji, MN						Yes	NAP	18.11
18.12	Property		Dollar General - Kingman, IN						Yes	NAP	18.12
18.13	Property		Dollar General - St Clair, MO						Yes	NAP	18.13
18.14	Property		Dollar General - Greenview, IL						Yes	NAP	18.14
18.15	Property		Dollar General - Warrensburg, IL						Yes	NAP	18.15
18.16	Property		Dollar General - Fairbank, IA						Yes	NAP	18.16
18.17	Property		Dollar General - St Charles, IA						Yes	NAP	18.17
18.18	Property		Dollar General - Pelican Rapids, MN						Yes	NAP	18.18
18.19	Property		Dollar General - Eolia, MO						Yes	NAP	18.19
19	Loan	65, 88	Best Western Plus Carriage Inn						Yes	12/31/2020	19
20	Loan	8, 37, 66, 67	JW Marriott Nashville	1	165,000,000				Yes	7/1/2048	20
21	Loan	8, 68, 69, 70	White Oak Crossing		43,375,000				Yes	NAP	21
22	Loan	8, 71, 72, 73	Willoughby Commons		16,950,000				Yes	NAP	22
23	Loan	8, 74	The Hub		25,000,000				Yes	NAP	23
24	Loan	75, 76	SVEA Texas Portfolio						Yes	NAP	24
24.01	Property		4200 Jimmy Johnson Boulevard						Yes	NAP	24.01
24.02	Property		2220 Forum Drive						Yes	NAP	24.02
24.03	Property		4626 East Southcross Boulevard						Yes	NAP	24.03
24.04	Property		1919 Austin Avenue						Yes	NAP	24.04
24.05	Property		1470 Highway 44						Yes	NAP	24.05
24.06	Property		4602 East Southcross Boulevard						Yes	NAP	24.06
24.07	Property		2412 East Richardson Road						Yes	NAP	24.07
24.08	Property		11811 North D Street						Yes	NAP	24.08
25	Loan	77	Miramar Tech Center						Yes	NAP	25
26	Loan	78, 79	10 Railroad Avenue						Yes	NAP	26

A-1-29

BMARK 2020-B21 Annex A-1


Control Number	Loan / Property Flag	Footnotes	Property Name	Annual Ground Lease Payment ($)	Cut-off Date Pari Passu Companion Loan Balance ($)	Cut-off Date Subordinate Companion Loan Balance ($)	Subordinate Companion Loan Interest Rate	Cut-off Date Mezzanine Debt Balance ($)	Terrorism Insurance Required	Franchise Agreement Expiration	Control Number
27	Loan	80, 81	Dearborn Flex Portfolio						Yes	NAP	27
27.01	Property		5850 Mercury Drive						Yes	NAP	27.01
27.02	Property		15041 South Commerce Drive						Yes	NAP	27.02
28	Loan	44, 82	3100 Research Boulevard						Yes	NAP	28
29	Loan	83	Walmart Neighborhood Market & Shops - Chicago						Yes	NAP	29
30	Loan	84	156 West 54th and 159 West 53rd Street						Yes	NAP	30
31	Loan	84	212 East 47th Street						Yes	NAP	31
32	Loan	85	Park Plaza Business Park						Yes	NAP	32
33	Loan	86	Franz Road Industrial						Yes	NAP	33
34	Loan		BJ’s Olean						Yes	NAP	34
35	Loan		Rite Aid - Yucca Valley						Yes	NAP	35
36	Loan	78, 87	Omaha Sitel						Yes	NAP	36
37	Loan		CityLine Buffalo Storage						Yes	NAP	37
38	Loan		CityLine Loveland CO						Yes	NAP	38
39	Loan	84	455 Central Park West						Yes	NAP	39

A-1-30

Footnotes to Annex A-1

(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.

(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.

(3)	The open period is inclusive of the Maturity Date or Anticipated Repayment Date.

(4)	Underwritten NCF DSCR is calculated based on amortizing debt service payments (except for interest-only loans).

(5)	Occupancy reflects tenants that have signed leases, but are not yet in occupancy or may not be paying rent.

(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.

(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.

(8)	The Mortgage Loan is part of a whole loan structure. Cut-off Date LTV Ratio, LTV Ratio at Maturity / ARD, Underwritten NCF DSCR, Debt Yield on Underwritten Net Operating Income, Debt Yield on Underwritten Net Cash Flow and Loan Per Unit calculations are based on the Mortgage Loan and any related Pari Passu Companion Loans, but exclude any related Subordinate Companion Loans.

(9)	The Grace Building Whole Loan was co-originated by JPMorgan Chase Bank, National Association, Bank of America, N.A, Column Financial, Inc. and DBR Investments Co. Limited.

(10)	Under the terms of the related Mortgage Loan documents, the first payment date is the due date in January 2021, and the Original Interest-Only Period (Mos.), Remaining Interest-Only Period (Mos.), Original Term To Maturity / ARD (Mos.) and Remaining Term To Maturity / ARD (Mos.) are each 120 months. However, due to the fact that the related mortgage loan seller will contribute an initial interest deposit amount to the Issuing Entity on the Closing Date to cover an amount that represents one month’s interest that would have accrued with respect to the Mortgage Loan at the related interest rate with respect to a December 2020 payment date, such Mortgage Loan is being treated as having a first payment date on the due date in December 2020, and an Original Interest-Only Period (Mos.), Remaining Interest-Only Period (Mos.), Original Term To Maturity / ARD (Mos.) and Remaining Term To Maturity / ARD (Mos.) of 121 months.

(11)	The lockout period will be 24 payments beginning with and including the adjusted first payment date of December 6, 2020 (the actual first payment date is January 6, 2021; see footnote #10 above). The borrower may defease the Whole Loan after the earlier to occur of (a) two years from the securitization of the last note to be securitized or (b) three years after the Origination Date (the “Defeasance Lockout Expiration Date”). In addition, the borrower may prepay the Whole Loan, in whole but not in part, on a business day on or after the Defeasance Lockout Expiration Date, with the payment of a prepayment fee equal to the greater of the yield maintenance amount or 1% of the unpaid principal balance as of such prepayment date. The assumed lockout period of 24 payments is based on the expected Benchmark 2020-B21 securitization closing date in November 2020. The actual lockout period may be longer.

(12)	The Largest Tenant, Bank of America, N.A., is one of the originating lenders of the Whole Loan.

(13)	The Underwritten NOI is more than 10% higher than the most recent NOI because of recent turnovers of some of the largest tenant spaces, including four of the five largest tenants moving out between 2016 and 2018.

(14)	The aggregate liability of the Carve-out Guarantors with respect to the guaranteed recourse obligations of the borrower related to any bankruptcy event with respect to the borrower may not exceed an amount equal to 15% of the principal balance of The Grace Building Whole Loan outstanding at the time of the occurrence of such event, plus any and all reasonable third-party costs actually incurred by the lender (including reasonable attorneys’ fees and costs reasonably incurred) in connection with the collection of amounts due thereunder.

(15)	The McClellan Business Park Whole Loan was co-originated by Goldman Sachs Bank USA and Wells Fargo Bank, National Association.

(16)	Yield Maintenance of the full $358 million McClellan Business Park Whole Loan is permitted at any time. In addition, defeasance of the full McClellan Business Park Whole Loan is permitted at any time after the defeasance lockout period, which date is the earlier to occur of (a) January 11, 2024 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 24 payment dates is based on the expected Benchmark 2020-B21 securitization closing date in November 2020. The actual lockout period may be longer.

(17)	The Fifth Largest Tenant, Northrop Grumman Systems, leases 254,511 SF with a lease expiration date of December 31, 2021, 8,250 SF with a lease expiration date of November 30, 2022 and 4,857 SF with a lease expiration date of July 31, 2022.

(18)	The increase from the Most Recent NOI (if past 2019) to Underwritten Net Operating Income is primarily attributable to (i) contractual rent steps through October 2021 and the straight line average of contractual rent step increments over the lease term for investment grade tenants, (ii) increase in rental rates on rolling leases, (iii) occupancy increases, including the lease up to Amazon.com of a newly built 400,000 SF last mile distribution center and (iv) a management fee cap at $1,000,000.

(19)	There is subordinate mortgage financing on the Mortgaged Property in the original principal amount of $1,000,000 made by the Redevelopment Agency of the County of Sacramento to MP Holdings, LLC (the “Development Agency Loan”), of which an estimated $639,220.10 is outstanding as of the Cut-off Date. The Development Agency Loan has a 10-year loan forgiveness term, an interest rate of 4% per annum, and all payments of interest and principal are deferred until maturity (if not forgiven). The scheduled maturity date of the Development Agency Loan is March 1, 2023. Underwritten NCF DSCR, Debt Yield on Underwritten Net Operating Income, Debt Yield on Underwritten Net Cash Flow, Cut-off Date LTV Ratio, LTV Ratio at Maturity / ARD and Loan Per Unit calculations include the related Pari Passu Companion Loan but exclude the related subordinate debt represented by the Development Agency Loan.

(20)	Concurrently with the origination of the Amazon West LA Loan, Citigroup Global Markets Realty Corp. made a $93,000,000 mezzanine loan to, Playa Vista Mezz, LLC, the sole member of the borrower, which is secured by the sole member’s ownership interest in the borrower. The Amazon West LA Mezzanine Loan is coterminous with the Amazon West LA Loan and accrues interest at a fixed per annum rate equal to 5.10000%.

(21)	The lockout period will be at least 24 payment dates beginning with and including the first payment date of December 6, 2020. Defeasance of the 32-42 Broadway Loan in full is permitted after the date that is the earlier to occur of (i) November 3, 2024 or (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized. The assumed lockout period of 24 payments is based on the expected Benchmark 2020-B21 securitization closing date in November 2020. The actual lockout period may be longer.

(22)	The MGM Grand & Mandalay Bay Whole Loan was co-originated by Citi Real Estate Funding Inc., Barclays Capital Real Estate Inc., Deutsche Bank AG, acting through its New York Branch and Société Générale Financial Corporation.

(23)	Each of the related Mortgaged Properties consist of a resort and casino and, as of the trailing 12 months ending June 30, 2020 (i) with respect to the MGM Grand Mortgaged Property, approximately 26.2% of the revenues were from hotel rooms, approximately 27.4% of the revenues were from food and beverage sales, approximately 24.4% of the revenues were from gaming, and approximately 22.0% of the revenues were from other sources and (ii) with respect to the Mandalay Bay Mortgaged Property, approximately 33.8% of the revenues were from hotel rooms, approximately 29.8% of the revenues were from food and beverage sales, approximately 13.6% of the revenues were from gaming, and approximately 22.8% of the revenues were from other sources.

A-1-31


(24)	The MGM Grand & Mandalay Bay Whole Loan is structured with an Anticipated Repayment Date (“ARD”) of March 5, 2030 and a final maturity date of March 5, 2032. After the ARD, the following structure will apply: (i) the interest rate will increase by 200 basis points over the greater of (x) 3.55800%, and (y) (1) the ARD Treasury Note Rate in effect on the ARD (such new rate, the “Adjusted Interest Rate”) plus (2) 1.77000%, (ii) amounts in the Excess Cash Flow Reserve Account (as defined in the related loan agreement) will be applied first to pay monthly additional interest amounts which, to the extent not paid, will be deferred (together with interest accrued thereon at the Adjusted Interest Rate) and added to the principal balance of the applicable note(s) comprising a portion of the MGM Grand & Mandalay Bay Whole Loan in the manner set forth in the MGM Grand & Mandalay Bay Whole Loan documents, and (iii) a full cash flow sweep to the extent of remaining amounts in the Excess Cash Flow Reserve will be applied to principal of the MGM Grand & Mandalay Bay Whole Loan in the manner set forth in the MGM Grand & Mandalay Bay Whole Loan documents.

(25)	The Appraised Value of $4,600,000,000 as of January 10, 2020, set forth above is the appraised value solely with respect to real property at the MGM Grand & Mandalay Bay Mortgaged Properties, excluding personal property and intangible property attributable to the MGM Grand & Mandalay Bay Properties (the “Aggregate Real Property Appraised Value”). The appraisal also includes an “As Leased–Sale–Leaseback Appraised Value,” which is equal to the Aggregate Real Property Appraised Value. The Appraised Value of $7,352,600,000 (“Aggregate As Is Appraised Value”) as of January 10, 2020, includes personal property and intangible property attributable to the MGM Grand & Mandalay Bay Mortgaged Properties. The personal property and intangible property relating to the MGM Grand & Mandalay Bay Mortgaged Properties is owned by the MGM tenant or certain sublessees at the MGM Grand & Mandalay Bay Mortgaged Properties that are wholly owned subsidiaries of MGM (the “MGM/Mandalay Operating Subtenants”) (as more particularly provided in the master lease), which granted a security interest in certain property of the MGM tenant and the MGM/Mandalay Operating Subtenants (with certain exclusions, including an exclusion for the intellectual property of MGM tenant (as more particularly described in the master lease); and provided that the FF&E is only transferred to the MGM Grand & Mandalay Bay Borrowers at no cost in the event of a termination of the master lease due to an event of default by the MGM tenant thereunder) in favor of the MGM Grand & Mandalay Bay Borrowers, and such security interest was collaterally assigned by the MGM Grand & Mandalay Bay Borrowers to the lender.

(26)	The Mortgage Loan Cut-off Date LTV Ratio and the Mortgage Loan LTV Ratio at Maturity / ARD are based on the “Aggregate As Is Appraised Value” and are 22.2% and 22.2%, respectively, based on the MGM Grand & Mandalay Bay Senior Loan. The Mortgage Loan Cut-off Date LTV Ratio and the Mortgage Loan LTV Ratio at Maturity / ARD based on the “Aggregate Real Property Appraised Value” are 35.5% and 35.5%, respectively, based on the MGM Grand & Mandalay Bay Senior Loan.

(27)	The defeasance lockout period will be at least 32 payment dates beginning with and including the First Payment Date of April 5, 2020. The MGM Grand & Mandalay Bay Borrowers have the option to defease the MGM Grand & Mandalay Bay Whole Loan, in whole or in part, after the earlier to occur of (i) two years after the closing date of the securitization that includes the last note to be securitized and (ii) February 14, 2023. The MGM Grand & Mandalay Bay Whole Loan may be prepaid in whole or in part at any time, subject to payment of the applicable yield maintenance premium if such prepayment occurs prior to September 5, 2029 (provided no yield maintenance will be due in connection with mandatory prepayments arising out of any casualty, condemnation or in connection with a special release or a Default Release (as defined in the related loan agreement)). The assumed lockout period of 32 payment dates is based on the expected Benchmark 2020–B21 securitization closing date in November 2020. The actual lockout period may be longer.

(28)	Under the Master Lease, MGM Lessee II, LLC, (the “MGM Tenant”) is required to pay to the MGM Grand & Mandalay Bay Borrowers an initial lease rent of $292.0 million per annum ($159.0 million allocated to the MGM Grand Property and $133.0 million allocated to the Mandalay Bay Property, the “Master Lease Rent”), subject to annual increases of (i) 2.0% in years 2 through 15 of the initial lease term, and (ii) thereafter, the greater of 2.0% or CPI (CPI capped at 3.0%) for the remainder of the initial lease term. Additionally, MGM Resorts International (“MGM”) will be required to continue to invest in the MGM Grand & Mandalay Bay Properties, with (x) a minimum aggregate capital investment requirement of 3.5% of actual net revenues every five years (the first such period beginning January 1, 2020 and expiring December 31, 2024, and the second such period beginning January 1, 2021 and expiring December 31, 2025, and each five-year period thereafter on a rolling basis) in the aggregate for the MGM Grand & Mandalay Bay Properties (such amount not to be less than 2.5% of the actual net revenue of any individual Mortgaged Property) (collectively, the “Required CapEx”) and (y) a monthly reserve equal to 1.5% of actual net revenues which may be used for FF&E and on qualifying capital expenditures in satisfaction of the Required CapEx spend. The Mortgaged Properties were acquired in a sale-leaseback transaction.

(29)	Mortgage Loan Cut-off Date LTV Ratio and Mortgage Loan LTV Ratio at Maturity / ARD is calculated using the appraised value of $4,600,000,000 as of January 10, 2020, set forth above, which is the appraised value solely with respect to real property at the MGM Grand & Mandalay Bay Properties, excluding personal property and intangible property attributable to the MGM Grand & Mandalay Bay Properties.

(30)	The increase by 10% or more from Most Recent NOI (if past 2019) to Underwritten Net Operating Income is a result of the temporary closure of the MGM Grand & Mandalay Bay Properties due to COVID-19. On May 1, 2020, MGM Resorts International reported that, as a result of the temporary closure of its domestic properties (which includes the MGM Grand & Mandalay Bay Properties) following the outbreak of COVID-19, its domestic properties (which includes the MGM Grand & Mandalay Bay Properties) were effectively generating no revenue, there were high levels of room and convention cancellation through the third quarter of 2020, and that, following the re-opening of its domestic properties (which includes the MGM Grand & Mandalay Bay Properties), it expected weakened demand in light of consumer fears and general economic uncertainty, among other things.

(31)	The Guarantors’ liability for full recourse events is several and not joint and is capped at an amount equal to 10% of the aggregate outstanding principal balance of the MGM Grand & Mandalay Bay Whole Loan as of the date of the event. In addition, only the MGM Grand & Mandalay Bay Borrowers are liable for breaches of environmental covenants; provided, however, that if the MGM Grand & Mandalay Bay Borrowers fail to maintain an environmental insurance policy required under the MGM Grand & Mandalay Bay Whole Loan documents, the Guarantor is liable for losses other than (x) for any amounts in excess of the applicable coverage amounts under the environmental policy had the same been renewed, replaced or extended as required under the loan agreement and (y) for any amounts recovered under the environmental policy. In addition, recourse for transfers of the MGM Grand & Mandalay Bay properties or controlling equity interests in the MGM Grand & Mandalay Bay Borrowers is loss recourse, rather than full recourse.

(32)	The 416-420 Kent Avenue Property has a total of 857 residential units. There is one resident manager unit located at 420 Kent with no income associated and, therefore, the Property has a total of 856 “income producing” units. The occupancy figures presented in this Annex A exclude the resident manager unit.

(33)	The increase from Most Recent NOI (if past 2019) to Underwritten Net Operating Income at the 416-420 Kent Avenue Mortgaged Property is primarily attributable to 416 Kent Avenue beginning lease-up in January 2019 and 420 Kent Avenue beginning lease-up in September 2019 following the completion of their construction.

(34)	The lockout period will be at least 24 payment dates beginning with and including the first payment date of December 6, 2020. Defeasance of the 416-420 Kent Avenue Whole Loan in full is permitted after the date that is the earlier to occur of (i) October 30, 2023 or (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized. The assumed lockout period of 24 payments is based on the expected Benchmark 2020-B21 securitization closing date in November 2020. The actual lockout period may be longer.

(35)	The 416-420 Kent Avenue Junior Non-Trust Note, with an aggregate outstanding principal balance as of the Cut-off Date of $81,100,000, accrues interest at a fixed interest rate of 3.34832% per annum. Concurrently with the origination of the 416-420 Kent Avenue Whole Loan, SRA RX 420 Kent LLC made a $90,000,000 mezzanine loan to 420 Kent Avenue Holding LLC. The 416-420 Kent Avenue Mezzanine Loan is secured by a pledge of the mezzanine borrower’s ownership interest in the 416-420 Kent Avenue Whole Loan borrower. The 416-420 Kent Avenue Mezzanine Loan accrues interest at a fixed interest rate of 5.08000% per annum. The 416-420 Kent Avenue Junior Non-Trust Note and the 416-420 Kent Avenue Mezzanine Loan each has a 120-month term and is interest-only for the full term.

(36)	The 711 Fifth Avenue Whole Loan was co-originated by Goldman Sachs Bank USA and Bank of America, N.A.

(37)	The lockout period will be at least 32 payment dates beginning with and including the First Due Date in April 2020. For the purpose of this prospectus, the assumed lockout period of 32 payment dates is based on the expected Benchmark 2020-B21 securitization closing date in November 2020. The actual lockout period may be longer.

(38)	At origination, the borrower funded $2,000,000 at origination 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 the $2,000,000 has been disbursed to the borrower.

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(39)	The Third Largest Tenant, Ralph Lauren, representing approximately 11.4% of the net rentable area, is dark with respect to 31,202 square feet of its space. The tenant continues to operate the 7,436 square foot Polo Bar, which is open for takeout and delivery, at the mortgaged property. If the borrower believes the tenant has ceased retail operations in all of the premises under the related lease, the borrower may give notice thereof to the tenant. Within 30 days after the borrower gives such notice, the tenant must notify the borrower whether the tenant intends to cease retail operations at the premises. If the tenant notifies the borrower of its intent to cease such retail operations, the borrower has the right to terminate the lease. According to a media report, Ralph Lauren has agreed to sublease its entire space to Mango, a Spanish retail chain, for $5 million per year. Pursuant to the terms of the lease and the loan documents, the tenant may not sublease the space to an unaffiliated third party without the consent of the borrower and the lender (in each case, which consent may not be unreasonably withheld, conditioned or delayed). It is not expected that any such sublease arrangement will relieve the Ralph Lauren tenant of its obligations under the lease (including the obligation to pay rent). We cannot assure you that such sublease will be executed or approved.

(40)	The Cut-off Date LTV Ratio and LTV Ratio at Maturity / ARD are calculated utilizing the “as stabilized” appraised value of $90,000,000 as of September 1, 2021, which assumes that both Sheet Metal Workers National Pension and Balfour Beatty Construction, LLC accept delivery at the Mortgaged Property and are paying unabated rent as of September 1, 2021. The Cut-off Date LTV Ratio and LTV Ratio at Maturity / ARD calculated based on the “as-is” appraised value of $85,400,000, as of August 26, 2020, are 61.5% and 55.1%, respectively.

(41)	Occupancy is based on the “as stabilized” occupancy inclusive of two signed not opened tenants as of July 1, 2021. The “as stabilized” occupancy assumes that both Sheet Metal Workers National Pension and Balfour Beatty Construction, LLC accept delivery at the Mortgaged Property and are paying unabated rent as of September 1, 2021. We cannot assure you that Sheet Metal Workers National Pension and Balfour Beatty Construction, LLC will accept delivery and commence paying rent as expected or at all.

(42)	The increase from the Most Recent NOI (if past 2019) to Underwritten Net Operating Income is primarily attributed to new recent leasing of Sheet Metal Workers National Pension and Balfour Beatty Construction, LLC, which commenced in February 2021 and July 2021, respectively. Further, the Second Largest Tenant at the Mortgaged Property is Capital Caring Health, whose lease commencement and free rent period began in September 2019, but is not required to pay base rent until June 2021.

(43)	The One Commerce Square mortgage loan is a fixed rate loan secured by first lien mortgages on (i) the borrower’s PILOT leasehold interest in an office tower, as well as the fee simple interest in such office tower owned by Memphis Center City Revenue Finance Corporation (“CCRFC”), (ii) the borrower’s subleasehold interest in an adjacent parking garage with the Parking Authority of the City of Memphis and County of Shelby, Tennessee (the “Parking Authority”), with the prime lease being a PILOT lease where CCRFC is the fee simple owner and landlord and the Parking Authority is the ground lease tenant, and (iii) the borrower’s fee simple interest in a third adjacent office building, each located in downtown Memphis, Tennessee.

(44)	Under the terms of the related Mortgage Loan documents, the first payment date is the due date in January 2021, and the Original Interest-Only Period (Mos.) and Remaining Interest-Only Period (Mos.) are each 60 months, and the Original Term To Maturity / ARD (Mos.) and Remaining Term To Maturity / ARD (Mos.) are each 120 months. However, due to the fact that the related mortgage loan seller will contribute an initial interest deposit amount to the Issuing Entity on the Closing Date to cover an amount that represents one month’s interest that would have accrued with respect to the Mortgage Loan at the related interest rate with respect to a December 2020 payment date, such Mortgage Loan is being treated as having a first payment date on the due date in December 2020, and an Original Interest-Only Period (Mos.) and Remaining Interest-Only Period (Mos.) of 61 months, and an Original Term To Maturity / ARD (Mos.) and Remaining Term To Maturity / ARD (Mos.) of 121 months.

(45)	The Fourth Largest Tenant at the Tower at Frisco Square Mortgaged Property, Scoreboard Ventures, subleases 100.0% of its space from Blue Star Sports/Spay Inc. The sublease runs coterminous to the main lease and expires on November 29, 2023.

(46)	The increase from Most Recent NOI (if past 2019) to Underwritten Net Operating Income at the Tower at Frisco Square Mortgaged Property is primarily attributable to the inclusion of contractual rent steps through October 2021 and potential income from vacant space.

(47)	Scott C. Barry, who owns a 28% indirect equity ownership in the borrower, is an executive of the Second Largest Tenant, Centria Healthcare.

(48)	The Kings Plaza Whole Loan was co-originated by JPMorgan Chase Bank, National Association, Société Générale Financial Corporation and Wells Fargo Bank, National Association.

(49)	The lockout period will be 34 payments beginning with and including the first payment date of February 1, 2020. The borrower may prepay the Whole Loan after the earlier to occur of (a) two years from the securitization of the last note to be securitized or (b) February 1, 2023, with the payment of a yield maintenance premium. The assumed lockout period of 34 payments is based on the expected Benchmark 2020-B21 securitization closing date in November 2020. The actual lockout period may be longer.

(50)	A portion of the collateral, including the parking garage ingress/egress, the Marina Building and a portion of the ground under the parking garage, is subject to a ground lease.

(51)	The borrower and the Fifth Largest Tenant, Best Buy, have entered into a lease amendment, pursuant to which the lease term expires in December 2022 (instead of the original expiration date of January 2032), and the tenant’s rent payment obligations have been accelerated without incurring any losses to the borrower in total rent obligations under the lease.

(52)	JCPenney declared bankruptcy on May 15, 2020 and announced plans to close a number of stores in connection with the restructuring, including its store at the Kings Plaza Mortgaged Property. For additional information, please see “Description of the Mortgage Pool–Mortgage Pool Characteristics–Tenant Issues–Lease Expirations and Terminations–Other” in this Preliminary Prospectus.

(53)	Though currently in occupancy and paying rent, Forever 21 has been underwritten as vacant. Forever 21 has been in occupancy at the Mortgaged Property since 2010 pursuant to a lease that expired in January 2020. Forever 21 filed for Chapter 11 bankruptcy in September 2019. Forever 21 and the borrower are currently negotiating a 3-year renewal, which is pending court approval.

(54)	Concurrently with the origination of the Kings Plaza Whole Loan, JPMorgan Chase Bank, National Association, Société Générale Financial Corporation and Wells Fargo Bank, National Association collectively provided a $53,000,000 mezzanine loan (the “Kings Plaza Mezzanine Loan”) to the Kings Plaza mezzanine borrower, Kings Plaza Mezz Borrower LLC. The Kings Plaza Mezzanine Loan has been sold to a third-party investor. The Kings Plaza Mezzanine Loan is coterminous with the King Plaza Whole Loan and accrues interest at a fixed per annum rate equal to 6.00000%.

(55)	The lockout period will be 32 payments beginning with and including the first payment date of April 1, 2020. The borrower may defease the whole loan after the earlier to occur of (i) two years after the closing date of the securitization that includes the last note to be securitized and (ii) February 28, 2023. The assumed lockout period of 32 payments is based on the expected Benchmark 2020-B21 securitization closing date in November 2020. The actual lockout period may be longer.

(56)	The Largest Tenant, The Neiman Marcus Group LLC. (“Neiman Marcus”), filed bankruptcy under Chapter 11 of the Bankruptcy Code on May 7, 2020. On June 6, 2020, Neiman Marcus filed its plan of reorganization and disclosure statement, which was approved by the bankruptcy court on July 30, 2020. On September 25, 2020, Neiman Marcus emerged from bankruptcy. Neiman Marcus has elected to assume its lease at the Mortgaged Property. See “Description of the Mortgage Pool–Litigation and Other Considerations” in this Preliminary Prospectus for additional information.

(57)	The Mortgaged Property consists of 314,547 SF of retail space that is 91.7% occupied and accounts for 78.9% of underwritten gross potential rent. The Mortgaged Property also consists of 71,868 SF of office space that is 98.0% occupied and accounts for 17.2% of gross potential rent.

(58)	The increase from Most Recent NOI (if past 2019) to Underwritten Net Operating Income at the Redmond Town Center Mortgaged Property is primarily attributable to the inclusion of contractual rent steps through February 2021.

(59)	The lockout period will be at least 32 payment dates beginning with and including the First Payment Date in April 2020. Defeasance of the Redmond Town Center Whole Loan is permitted at any time after the earlier to occur of (i) two years after the closing date of the securitization that includes the last promissory note to be securitized and (ii) February 21, 2023. The assumed defeasance lockout period of 32 payment dates is based on the expected Benchmark 2020-B21 securitization closing date in November 2020. The actual lockout period may be longer.

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(60)	The 44 Whippany Fee Mortgaged Property is Leased Fee. The ground lease carries a 99-year term with an initial ground rent of $1,751,047 per annum, with 2% annual escalations beginning in year 11 of the ground lease through expiration in October 2119.

(61)	The loan features a 10-year term. The anticipated repayment date of the whole loan is expected to be the payment date in November 2030, and the scheduled maturity date of the whole loan is expected to be the payment date in November 2034. Commencing on the Anticipated Repayment Date, the interest rate will increase to a per annum rate equal to the greater of (a) the initial interest rate plus 2.0000% or (b) the Swap Rate as of the Anticipated Repayment Date plus 1.9300% plus 2.0000%.

(62)	The Cut-off Date LTV Ratio and LTV Ratio at Maturity / ARD are calculated on the basis of the as-complete appraised value of $729,000,000. Based on the “As-Is” value of $693,000,000, the Cut-off Date LTV Ratio and LTV Ratio at Maturity / ARD are both 42.6%.

(63)	The Whole Loan is structured with a B Note with an original principal balance equal to $140,000,000. The B Note is full term interest only with a 2.69800% interest rate coterminous with the senior mortgage loan.

(64)	Under the terms of the related Mortgage Loan documents, the first payment date is the due date in January 2021, and the Original Interest-Only Period (Mos.) and Remaining Interest-Only Period (Mos.) are each 12 months, and the Original Term To Maturity / ARD (Mos.) and Remaining Term To Maturity / ARD (Mos.) are each 120 months. However, due to the fact that the related mortgage loan seller will contribute an initial interest deposit amount to the Issuing Entity on the Closing Date to cover an amount that represents one month’s interest that would have accrued with respect to the Mortgage Loan at the related interest rate with respect to a December 2020 payment date, such Mortgage Loan is being treated as having a first payment date on the due date in December 2020, and an Original Interest-Only Period (Mos.) and Remaining Interest-Only Period (Mos.) of 13 months, and an Original Term To Maturity / ARD (Mos.) and Remaining Term To Maturity / ARD (Mos.) of 121 months.

(65)	Underwritten Net Operating Income is based on the 2019 property financials. The decrease in Most Recent NOI (if past 2019) is primarily attributable to a decrease in room revenue as a result of COVID-19 and state wide “stay-at-home” order initiated in March 2020.

(66)	Beginning on the Due Date in April 2021, the Ongoing Replacement Reserve is an FF&E reserve in an amount equal to (i) for the Due Dates through and including July 2023, 3% of the gross revenues of the Mortgaged Property for the prior calendar month and (ii) thereafter, 4% of the gross revenues of the Mortgaged Property for the prior calendar month.

(67)	The increase from the Most Recent NOI (if past 2019) to Underwritten Net Operating Income is primarily attributable to underwriting stabilized hotel operations pre-COVID-19 as of the trailing 12-month period ending on January 31, 2020. The latest trailing 12-month period ending on September 30, 2020 reflects the months heavily impacted by COVID-19. Additionally, the borrower sponsor has posted an 18-month debt service reserve equal to $8,831,707, which will be applied to monthly debt service payments through March 2022.

(68)	The lockout period will be at least 35 payment dates beginning with and including the First Due Date in January 2020. For the purpose of this prospectus, the assumed lockout period of 35 payment dates is based on the expected Benchmark 2020-B21 securitization closing date in November 2020. The actual lockout period may be longer.

(69)	On each Due Date, if and to the extent the amount contained in the TI/LC reserve account is less than $1,000,000, the borrower is required to deposit into the TI/LC reserve account an Ongoing TI/LC Reserve amount equal to $25,000.

(70)	The 2019 cash flow is based on the trailing 12-month period ending September 30, 2019. Most Recent cash flow is based on the trailing 10-month period annualized ending on September 30, 2020. A full trailing 12 months was not available as October 2019 and November 2019 financials were not available.

(71)	The lockout period will be at least 34 payment dates beginning with and including the First Due Date in February 2020. For the purpose of this prospectus, the assumed lockout period of 34 payment dates is based on the expected Benchmark 2020-B21 securitization closing date in November 2020. The actual lockout period may be longer.

(72)	On each Due Date, if and to the extent the amount contained in the TI/LC reserve account is less than $825,000, the borrower is required to deposit into the TI/LC reserve account an Ongoing TI/LC Reserve amount equal to approximately $22,917. The TI/LC Cap will increase to $1,250,000 if any amounts attributable to termination proceeds deposited in the TI/LC reserve account are included in the calculation.

(73)	The Third Largest Tenant, Regal Cinemas, representing approximately 19.0% of the net rentable area, is dark with respect to its space but is paying partial rent.

(74)	There is subordinate mortgage financing on the Mortgaged Property in favor of the New York City Economic Development Corporation in the original principal amount of $4,000,000 (the “NYCEDC Loan”), of which $2,546,666.67 is outstanding as of the Cut-off Date. The NYCEDC Loan has an amortization period of 25 years, an interest rate of 0% per annum, and requires annual payments of $160,000 for the term of the NYCEDC Loan. The scheduled maturity date of the NYCEDC Loan is the payment date in October 2036. Underwritten NCF DSCR, Debt Yield on Underwritten Net Operating Income, Debt Yield on Underwritten Net Cash Flow, Cut-off Date LTV Ratio, LTV Ratio at Maturity / ARD and Loan Per Unit calculations include the related Pari Passu Companion Loan but exclude the related subordinate debt represented by the NYCEDC Loan.

(75)	The loan features a 10 year term with a 25-year amortization schedule for the first 5 years of the loan term followed by interest-only periods for the last 5 years.

(76)	The Cut-off Date LTV Ratio and LTV Ratio at Maturity / ARD are calculated on the basis of the aggregate portfolio appraised value of $23,100,000, which includes the as-complete appraised value of $4,890,000 at the 4200 Jimmy Johnson Boulevard Mortgaged Property. Based on the aggregate portfolio appraised value of $22,470,000, which assumes an “As-Is” value of $4,380,000 at the 4200 Jimmy Johnson Boulevard Mortgaged Property, the Cut-off Date LTV Ratio and LTV Ratio at Maturity / ARD are 68.2% and 59.6%, respectively.

(77)	The Largest Tenant at the Miramar Tech Center Mortgaged Property, United Data Technologies, has 21,154 SF of space that expires on October 21, 2035 and 2,101 SF that expires on October 21, 2021.

(78)	Under the terms of the related Mortgage Loan documents, the first payment date is the due date in January 2021, and the Original Interest-Only Period (Mos.) and Remaining Interest-Only Period (Mos.) are each 36 months, and the Original Term To Maturity / ARD (Mos.) and Remaining Term To Maturity / ARD (Mos.) are each 120 months. However, due to the fact that the related mortgage loan seller will contribute an initial interest deposit amount to the Issuing Entity on the Closing Date to cover an amount that represents one month’s interest that would have accrued with respect to the Mortgage Loan at the related interest rate with respect to a December 2020 payment date, such Mortgage Loan is being treated as having a first payment date on the due date in December 2020, and an Original Interest-Only Period (Mos.) and Remaining Interest-Only Period (Mos.) of 37 months, and an Original Term To Maturity / ARD (Mos.) and Remaining Term To Maturity / ARD (Mos.) of 121 months.

(79)	Capital Young Properties LLC, a New Jersey limited liability company (the “Preferred Member”), holds 15% preferred equity interests in Railroad Warehouse LLC (the “Sole Member”), the 100% equity owner in the borrower, in the original aggregate investment amount of $2,550,000 (which constitutes the “Unreturned Capital” of the Preferred Member). Under the Sole Member’s operating agreement, to the extent there is sufficient funds after payments of debt service, operating expenses and reserves under the Mortgage Loan, the Preferred Member is required to be paid, on a monthly basis until the Preferred Member’s Unreturned Capital is paid in full, (a) an annual cumulative return of 3% per annum on the Preferred Member’s Unreturned Capital for the first five years and (b) an annual cumulative return of 5% per annum on the Preferred Member’s Unreturned Capital for the next ensuing five years. See “Description of the Mortgage Pool–Additional Indebtedness–Preferred Equity” in this Preliminary Prospectus for additional information.

(80)	The Appraised Value reflects the “As Stabilized” value of $9,750,000 as of November 30, 2020 for the 5850 Mercury Drive Mortgaged Property. The “As Stabilized” value assumes economic stabilization of the property after the completion of free rent periods associated with leases at the 5850 Mercury Drive Mortgaged Property. The “As Is” Value of the 5850 Mercury Drive Mortgaged Property is $9,350,000, which results in a Cut-off Date LTV Ratio and LTV Ratio at Maturity / ARD of approximately 59.9% and 48.5%.

(81)	The increase from Most Recent NOI (if past 2019) to Underwritten Net Operating Income at the Dearborn Flex Portfolio Mortgaged Properties can be attributed to the recent lease executions by Babels at the 5850 Mercury Drive Mortgaged Property and Penske Truck Leasing Co and Etta Services Inc at the 15041 Commerce Drive Mortgaged Property.

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(82)	At loan origination, the borrower delivered two letters of credit: (i) a $354,000 letter of credit to cover 12 months of debt service and (ii) a $2.5 million letter of credit in connection with potential leasing costs that may be incurred in connection with the renewal or replacement of the Largest Tenant, GSA, and the Second Largest Tenant, Vivial Media LLC. In the event the borrower or the borrower sponsor renews each lease for a term of not less than five years or replaces such leases in accordance with the terms of the Mortgage Loan documents, the letters of credit will be released to the borrower.

(83)	The increase from Most Recent NOI (if past 2019) to Underwritten Net Operating Income at the Walmart Neighborhood Market & Shops - Chicago Mortgaged Property can be attributed to contractual rent steps, potential income from vacant space, and reimbursements in accordance with tenant leases.

(84)	Under the terms of the related Mortgage Loan documents, the first payment date is the due date in January 2021, and the Original Interest-Only Period (Mos.), Remaining Interest-Only Period (Mos.), Original Term To Maturity / ARD (Mos.) and Remaining Term To Maturity / ARD (Mos.) are each 60 months. However, due to the fact that the related mortgage loan seller will contribute an initial interest deposit amount to the Issuing Entity on the Closing Date to cover an amount that represents one month’s interest that would have accrued with respect to the Mortgage Loan at the related interest rate with respect to a December 2020 payment date, such Mortgage Loan is being treated as having a first payment date on the due date in December 2020, and an Original Interest-Only Period (Mos.), Remaining Interest-Only Period (Mos.), Original Term To Maturity / ARD (Mos.) and Remaining Term To Maturity / ARD (Mos.) of 61 months.

(85)	Under the terms of the related Mortgage Loan documents, the first payment date is the due date in January 2021, and the Original Interest-Only Period (Mos.) and Remaining Interest-Only Period (Mos.) are each 0 months, and the Original Term To Maturity / ARD (Mos.) and Remaining Term To Maturity / ARD (Mos.) are each 120 months. However, due to the fact that the related mortgage loan seller will contribute an initial interest deposit amount to the Issuing Entity on the Closing Date to cover an amount that represents one month’s interest that would have accrued with respect to the Mortgage Loan at the related interest rate with respect to a December 2020 payment date, such Mortgage Loan is being treated as having a first payment date on the due date in December 2020, and an Original Interest-Only Period (Mos.) and Remaining Interest-Only Period (Mos.) of 1 month, and an Original Term To Maturity / ARD (Mos.) and Remaining Term To Maturity / ARD (Mos.) of 121 months.

(86)	The increase from the Most Recent NOI (if past 2019) to Underwritten Net Operating Income at the Mortgaged Property is greater than 10%, which is primarily attributable to recent leasing activity. The borrower sponsor executed seven new leases in 2020, including backfilling five COVID-19 related vacancies with new tenants at higher rental rates as well as renewing existing tenants at higher rental rates.

(87)	The Appraised Value represents the “Hypothetical Market Value With Escrow Combined (Data Center & Excess Land),” which assumes that the $750,596 and the $100,000 the borrower deposited at loan origination into the Upfront Replacement Reserve and the Upfront Other Reserve is available as of the Appraisal Date and will be used for capital expenditures and tenant improvements of the sole tenant at the Mortgaged Property. The “As-Is” value as of September 22, 2020 is $5,490,000, which results in a Cut-off Date LTV Ratio and LTV Ratio at Maturity / ARD of approximately 75.6% and 65.7%.

(88)	As of the November performance report for the Mortgaged Property, the Mortgage Loan failed a debt service coverage ratio test by falling below 1.30x, which initiated a cash management trigger period. The debt service coverage ratio test is calculated assuming 30-year amortization; however, the Mortgage Loan provides for payments of interest only without amortization. The debt service coverage ratio (as calculated under the loan documents) on an amortizing basis is 0.84x for the trailing 12-month period, 0.76x for the trailing three-month period, and 0.91x for the trailing one-month period, in each case ending September 30, 2020. Calculated based on the interest only payments under the Mortgage Loan, but otherwise on the same basis as required under the loan documents, the debt service coverage ratio would be 1.31x for such trailing 12-month period, 1.18x for such trailing three-month period, and 1.42x for such trailing one-month period. The borrower and the lender are in the process of establishing a clearing account for cash management.

A-1-35

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