FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-184376-11 | ||
COMM 2014-CCRE14 | ||
The depositor has filed a registration statement (including the prospectus) with the SEC (SEC File No. 333-184376) 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 trust 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 Deutsche Bank Securities Inc., 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 1-800-503-4611 or by email to the following address: prospectus.cpdg@db.com. The offered certificates referred to in these materials, and the asset pool backing them, are subject to modification or revision (including the possibility that one or more classes of certificates may be split, combined or eliminated at any time prior to issuance or availability of a final prospectus) and are offered on a “when, as and if issued” basis. You understand that, when you are considering the purchase of these certificates, a contract of sale will come into being no sooner than the date on which the relevant class has been priced and we have verified the allocation of certificates to be made to you; any “indications of interest” expressed by you, and any “soft circles” generated by us, will not create binding contractual obligations for you or us. This free writing prospectus does not contain all information that is required to be included in the prospectus and the prospectus supplement. STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING ESTIMATES AND OTHER INFORMATION This material is for your information, and none of Deutsche Bank Securities Inc., Cantor Fitzgerald & Co., Natixis Securities Americas LLC, Wells Fargo Securities and CastleOak Securities, L.P., or any other underwriter (the “Underwriters”) are soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. Neither this document nor anything contained herein shall form the basis for any contract or commitment whatsoever. The information contained herein is preliminary as of the date hereof. These materials are subject to change, completion or amendment from time to time. The information contained herein will be superseded by similar information delivered to you as part of the offering document relating to the Commercial Mortgage Pass-Through Certificates, Series COMM 2014-CCRE14 (the “Offering Document”). The information contained herein supersedes any such information previously delivered and should be reviewed only in conjunction with the entire Offering Document. All of the information contained herein is subject to the same limitations and qualifications contained in the Offering Document. The information contained herein does not contain all relevant information relating to the underlying mortgage loans or mortgaged properties. Such information is described elsewhere in the Offering Document. The information contained herein will be more fully described elsewhere in the Offering Document. The information contained herein should not be viewed as projections, forecasts, predictions or opinions with respect to value. Prior to making any investment decision, prospective investors are strongly urged to read the Offering Document its entirety. Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this free writing prospectus is truthful or complete. Any representation to the contrary is a criminal offense. The attached information contains certain tables and other statistical analyses (the “Computational Materials”) which have been prepared in reliance upon information furnished by the Mortgage Loan Sellers. Numerous assumptions were used in preparing the Computational Materials, which may or may not be reflected herein. As such, no assurance can be given as to the Computational Materials’ accuracy, appropriateness or completeness in any particular context; or as to whether the Computational Materials and/or the assumptions upon which they are based reflect present market conditions or future market performance. The Computational Materials should not be construed as either projections or predictions or as legal, tax, financial or accounting advice. You should consult your own counsel, accountant and other advisors as to the legal, tax, business, financial and related aspects of a purchase of these securities. Any weighted average lives, yields and principal payment periods shown in the Computational Materials are based on prepayment and/or loss assumptions, and changes in such prepayment and/or loss assumptions may dramatically affect such weighted average lives, yields and principal payment periods. In addition, it is possible that prepayments or losses on the underlying assets will occur at rates higher or lower than the rates shown in the attached Computational Materials. The specific characteristics of the securities may differ from those shown in the Computational Materials due to differences between the final underlying assets and the preliminary underlying assets used in preparing the Computational Materials. The principal amount and designation of any security described in the Computational Materials are subject to change prior to issuance. None of Underwriters or any of their respective affiliates makes any representation or warranty as to the actual rate or timing of payments or losses on any of the underlying assets or the payments or yield on the securities. This document contains forward-looking statements. Those statements are subject to certain risks and uncertainties that could cause the success of collections and the actual cash flow generated to differ materially from the information set forth herein. While such information reflects projections prepared in good faith based upon methods and data that are believed to be reasonable and accurate as of the dates thereof, the issuer undertakes no obligation to revise these forward-looking statements to reflect subsequent events or circumstances. Individuals should not place undue reliance on forward-looking statements and are advised to make their own independent analysis and determination with respect to the forecasted periods, which reflect the issuer’s view only as of the date hereof. IRS CIRCULAR 230 NOTICE: THIS FREE WRITING PROSPECTUS IS NOT INTENDED OR WRITTEN TO BE USED, AND CANNOT BE USED, FOR THE PURPOSE OF AVOIDING U.S. FEDERAL, STATE OR LOCAL TAX PENALTIES. THIS FREE WRITING PROSPECTUS IS WRITTEN AND PROVIDED IN CONNECTION WITH THE PROMOTION OR MARKETING BY THE DEPOSITOR AND THE UNDERWRITERS OF THE TRANSACTION OR MATTERS ADDRESSED HEREIN. INVESTORS SHOULD SEEK ADVICE BASED ON THEIR PARTICULAR CIRCUMSTANCES FROM AN INDEPENDENT TAX ADVISOR. IMPORTANT NOTICE RELATING TO AUTOMATICALLY GENERATED EMAIL DISCLAIMERS Any legends, disclaimers or other notices that may appear at the bottom of the email communication to which this free writing prospectus is attached relating to (1) these materials not constituting an offer (or a solicitation of an offer), (2) no representation being made that these materials are accurate or complete and may not be updated or (3) these materials possibly being confidential, are not applicable to these materials and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of these materials having been sent via Bloomberg or another system. | ||
COMM 2014-CCRE14 | ||||||||||||||||||||||||||||||||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||||||||||||||||||||||||||||||||
% of | Mortgage | Mortgage | Cut-off | General | Detailed | Interest | Original | Remaining | Original | Remaining | ||||||||||||||||||||||||||||||
Property | Initial Pool | # of | Loan | Loan | Original | Date Balance | Maturity or ARD | Property | Property | Interest | Total | Additional | Administrative | Accrual | Term to | Term to | Amortization | Amortization | ||||||||||||||||||||||
Flag | ID | Property Name | Balance | Properties | Originator(1) | Seller(2) | Balance($)(3)(4) | ($)(3)(4)(7) | Balance($)(7) | Type | Type | Rate | Strip | Strip | Fee Rate(5) | Basis | Maturity or ARD | Maturity or ARD | Term | Term | ||||||||||||||||||||
Loan | 1 | Google and Amazon Office Portfolio(25)(26) | 11.3% | 2 | GACC | GACC | 155,000,000 | 155,000,000 | 141,151,989 | Office | Suburban | 5.03496% | 0.0155% | 0.0000% | 0.0155% | Actual/360 | 120 | 120 | 360 | 360 | ||||||||||||||||||||
Property | 1.01 | Technology Corners | 7.2% | 1 | GACC | GACC | 99,855,769 | 99,855,769 | Office | Suburban | ||||||||||||||||||||||||||||||
Property | 1.02 | Moffett Towers Building D | 4.0% | 1 | GACC | GACC | 55,144,231 | 55,144,231 | Office | Suburban | ||||||||||||||||||||||||||||||
Loan | 2 | 60 Hudson Street(25) | 11.3% | 1 | GACC | GACC | 155,000,000 | 155,000,000 | 155,000,000 | Office | Data Center | 4.00000% | 0.1055% | 0.0000% | 0.1055% | Actual/360 | 120 | 118 | 0 | 0 | ||||||||||||||||||||
Loan | 3 | 625 Madison Avenue(25)(26) | 8.0% | 1 | GACC | GACC | 110,000,000 | 110,000,000 | 110,000,000 | Other | Leased Fee | 2.30000% | 0.0161% | 0.0000% | 0.0161% | 30/360 | 60 | 59 | 0 | 0 | ||||||||||||||||||||
Loan | 4 | Saint Louis Galleria(25) | 6.9% | 1 | GACC | GACC | 95,000,000 | 95,000,000 | 95,000,000 | Retail | Super Regional Mall | 3.37938% | 0.0123% | 0.0000% | 0.0123% | Actual/360 | 60 | 58 | 0 | 0 | ||||||||||||||||||||
Loan | 5 | Highland Hills Apartments | 4.0% | 1 | Natixis | Natixis | 55,000,000 | 54,829,058 | 45,696,362 | Multifamily | Student Housing | 5.33000% | 0.0139% | 0.0000% | 0.0139% | Actual/360 | 120 | 117 | 360 | 357 | ||||||||||||||||||||
Loan | 6 | City Square(26) | 3.4% | 1 | CCRE | CCRE | 47,500,000 | 47,500,000 | 44,740,024 | Mixed Use | Office/Retail | 5.22500% | 0.1239% | 0.0200% | 0.1039% | Actual/360 | 60 | 60 | 360 | 360 | ||||||||||||||||||||
Loan | 7 | Dallas FBI | 3.0% | 1 | Natixis | Natixis | 41,600,000 | 41,556,518 | 34,276,113 | Office | Suburban | 5.07000% | 0.0139% | 0.0000% | 0.0139% | Actual/360 | 120 | 119 | 360 | 359 | ||||||||||||||||||||
Loan | 8 | 175 West Jackson(25) | 2.9% | 1 | GACC | GACC | 40,000,000 | 40,000,000 | 35,469,130 | Office | CBD | 5.08600% | 0.0773% | 0.0000% | 0.0773% | Actual/360 | 120 | 118 | 360 | 360 | ||||||||||||||||||||
Loan | 9 | Miraval Resort & Spa | 2.6% | 1 | Natixis | Natixis | 36,500,000 | 36,109,351 | 32,664,354 | Hospitality | Full Service | 5.35100% | 0.0139% | 0.0000% | 0.0139% | Actual/360 | 60 | 53 | 300 | 293 | ||||||||||||||||||||
Loan | 10 | Bedford and Victoria Multifamily Portfolio | 2.4% | 2 | GACC | GACC | 33,000,000 | 32,964,219 | 27,051,937 | Multifamily | Garden | 4.91400% | 0.0139% | 0.0000% | 0.0139% | Actual/360 | 120 | 119 | 360 | 359 | ||||||||||||||||||||
Property | 10.01 | Bedford Station Apartments | 2.0% | 1 | GACC | GACC | 27,450,000 | 27,420,237 | Multifamily | Garden | ||||||||||||||||||||||||||||||
Property | 10.02 | Victoria Station Apartments | 0.4% | 1 | GACC | GACC | 5,550,000 | 5,543,982 | Multifamily | Garden | ||||||||||||||||||||||||||||||
Loan | 11 | Kalahari Resort and Convention Center(25) | 2.2% | 1 | GACC/LIG | GACC/LIG | 30,000,000 | 29,912,549 | 22,918,431 | Hospitality | Full Service | 5.61000% | 0.0573% | 0.0000% | 0.0573% | Actual/360 | 120 | 118 | 300 | 298 | ||||||||||||||||||||
Loan | 12 | Shaner Hotel Portfolio II | 2.1% | 5 | CCRE | CCRE | 29,275,000 | 29,275,000 | 24,317,552 | Hospitality | Limited Service | 5.32650% | 0.1239% | 0.0200% | 0.1039% | Actual/360 | 120 | 120 | 360 | 360 | ||||||||||||||||||||
Property | 12.01 | Holiday Inn Express State College | 0.5% | 1 | CCRE | CCRE | 6,825,000 | 6,825,000 | Hospitality | Limited Service | ||||||||||||||||||||||||||||||
Property | 12.02 | Fairfield Inn State College | 0.5% | 1 | CCRE | CCRE | 6,200,000 | 6,200,000 | Hospitality | Limited Service | ||||||||||||||||||||||||||||||
Property | 12.03 | Hampton Inn State College | 0.4% | 1 | CCRE | CCRE | 6,175,000 | 6,175,000 | Hospitality | Limited Service | ||||||||||||||||||||||||||||||
Property | 12.04 | SpringHill Suites State College | 0.4% | 1 | CCRE | CCRE | 5,525,000 | 5,525,000 | Hospitality | Limited Service | ||||||||||||||||||||||||||||||
Property | 12.05 | Fairfield Inn Jacksonville | 0.3% | 1 | CCRE | CCRE | 4,550,000 | 4,550,000 | Hospitality | Limited Service | ||||||||||||||||||||||||||||||
Loan | 13 | McKinley Mall(25) | 2.0% | 1 | Natixis | Natixis | 28,000,000 | 28,000,000 | 22,854,560 | Retail | Super Regional Mall | 4.79200% | 0.0228% | 0.0000% | 0.0228% | Actual/360 | 120 | 114 | 336 | 336 | ||||||||||||||||||||
Loan | 14 | Carlisle Commons | 2.0% | 1 | Natixis | Natixis | 28,000,000 | 28,000,000 | 24,915,189 | Retail | Anchored | 5.25000% | 0.0139% | 0.0000% | 0.0139% | Actual/360 | 120 | 120 | 360 | 360 | ||||||||||||||||||||
Loan | 15 | Indigo Palms Multifamily | 2.0% | 1 | GACC | GACC | 28,000,000 | 27,969,541 | 22,942,570 | Multifamily | Garden | 4.90000% | 0.0139% | 0.0000% | 0.0139% | Actual/360 | 120 | 119 | 360 | 359 | ||||||||||||||||||||
Loan | 16 | Metro Shops at PG Station | 2.0% | 1 | CCRE | CCRE | 27,500,000 | 27,469,079 | 25,266,901 | Mixed Use | Retail/Office | 4.75700% | 0.1239% | 0.0200% | 0.1039% | Actual/360 | 60 | 59 | 360 | 359 | ||||||||||||||||||||
Loan | 17 | Capital Crossing(26) | 1.9% | 1 | GACC | GACC | 25,500,000 | 25,500,000 | 22,570,534 | Multifamily | Garden | 5.08000% | 0.0139% | 0.0000% | 0.0139% | Actual/360 | 120 | 118 | 360 | 360 | ||||||||||||||||||||
Loan | 18 | West Palm Portfolio | 1.8% | 5 | GACC | GACC | 24,925,000 | 24,925,000 | 21,540,016 | Multifamily | Garden | 4.95000% | 0.0139% | 0.0000% | 0.0139% | Actual/360 | 120 | 119 | 360 | 360 | ||||||||||||||||||||
Property | 18.01 | Greengate Apartments | 0.5% | 1 | GACC | GACC | 6,526,323 | 6,526,323 | Multifamily | Garden | ||||||||||||||||||||||||||||||
Property | 18.02 | Elmwood Apartments | 0.4% | 1 | GACC | GACC | 5,832,034 | 5,832,034 | Multifamily | Garden | ||||||||||||||||||||||||||||||
Property | 18.03 | Ambergate Apartments | 0.3% | 1 | GACC | GACC | 4,235,167 | 4,235,167 | Multifamily | Garden | ||||||||||||||||||||||||||||||
Property | 18.04 | Suntree Apartments | 0.3% | 1 | GACC | GACC | 4,165,738 | 4,165,738 | Multifamily | Garden | ||||||||||||||||||||||||||||||
Property | 18.05 | Springtree Apartments | 0.3% | 1 | GACC | GACC | 4,165,738 | 4,165,738 | Multifamily | Garden | ||||||||||||||||||||||||||||||
Loan | 19 | Alta Vista Ridge(26) | 1.6% | 1 | Natixis | Natixis | 22,250,000 | 22,250,000 | 20,089,905 | Multifamily | Garden | 5.07600% | 0.0139% | 0.0000% | 0.0139% | Actual/360 | 120 | 120 | 360 | 360 | ||||||||||||||||||||
Loan | 20 | 16530 Ventura Boulevard | 1.6% | 1 | GACC | GACC | 21,500,000 | 21,500,000 | 17,759,129 | Office | Suburban | 5.15000% | 0.0139% | 0.0000% | 0.0139% | Actual/360 | 120 | 120 | 360 | 360 | ||||||||||||||||||||
Loan | 21 | 149 New Montgomery | 1.5% | 1 | Natixis | Natixis | 21,000,000 | 21,000,000 | 21,000,000 | Mixed Use | Office/Retail | 5.00500% | 0.0139% | 0.0000% | 0.0139% | Actual/360 | 120 | 118 | 0 | 0 | ||||||||||||||||||||
Loan | 22 | Baton Rouge Office Portfolio Pool 2 | 1.4% | 3 | GACC | GACC | 19,650,000 | 19,650,000 | 17,974,848 | Office | Suburban | 4.48000% | 0.0139% | 0.0000% | 0.0139% | Actual/360 | 60 | 60 | 360 | 360 | ||||||||||||||||||||
Property | 22.01 | Citiplace One | 0.7% | 1 | GACC | GACC | 9,300,000 | 9,300,000 | Office | Suburban | ||||||||||||||||||||||||||||||
Property | 22.02 | Latter Center West | 0.5% | 1 | GACC | GACC | 7,272,000 | 7,272,000 | Office | Suburban | ||||||||||||||||||||||||||||||
Property | 22.03 | Sherwood Oaks | 0.2% | 1 | GACC | GACC | 3,078,000 | 3,078,000 | Office | Suburban | ||||||||||||||||||||||||||||||
Loan | 23 | Albuquerque SSA | 1.2% | 1 | Natixis | Natixis | 16,000,000 | 15,983,276 | 13,183,120 | Office | CBD | 5.07000% | 0.0139% | 0.0000% | 0.0139% | Actual/360 | 120 | 119 | 360 | 359 | ||||||||||||||||||||
Loan | 24 | La Terraza San Diego | 1.1% | 1 | GACC | GACC | 15,000,000 | 15,000,000 | 13,776,286 | Office | Suburban | 4.73000% | 0.0439% | 0.0000% | 0.0439% | Actual/360 | 120 | 119 | 360 | 360 | ||||||||||||||||||||
Loan | 25 | Perryville Corporate Park | 1.1% | 1 | Natixis | Natixis | 14,700,000 | 14,667,123 | 12,111,236 | Office | Suburban | 5.07000% | 0.0139% | 0.0000% | 0.0139% | Actual/360 | 120 | 118 | 360 | 358 | ||||||||||||||||||||
Loan | 26 | West Valley Business Park | 1.0% | 1 | GACC | GACC | 14,000,000 | 14,000,000 | 12,399,616 | Office | Suburban | 5.03000% | 0.0139% | 0.0000% | 0.0139% | Actual/360 | 120 | 119 | 360 | 360 | ||||||||||||||||||||
Loan | 27 | McAllen FBI | 1.0% | 1 | Natixis | Natixis | 13,770,000 | 13,755,607 | 11,345,723 | Office | CBD | 5.07000% | 0.0139% | 0.0000% | 0.0139% | Actual/360 | 120 | 119 | 360 | 359 | ||||||||||||||||||||
Loan | 28 | ART Florida MF Portfolio | 1.0% | 3 | CCRE | CCRE | 13,300,000 | 13,300,000 | 11,263,508 | Multifamily | Garden | 5.11150% | 0.1239% | 0.0200% | 0.1039% | Actual/360 | 120 | 120 | 360 | 360 | ||||||||||||||||||||
Property | 28.01 | Holly Ridge | 0.4% | 1 | CCRE | CCRE | 5,791,000 | 5,791,000 | Multifamily | Garden | ||||||||||||||||||||||||||||||
Property | 28.02 | Windwood | 0.3% | 1 | CCRE | CCRE | 4,422,000 | 4,422,000 | Multifamily | Garden | ||||||||||||||||||||||||||||||
Property | 28.03 | Palm Side | 0.2% | 1 | CCRE | CCRE | 3,087,000 | 3,087,000 | Multifamily | Garden | ||||||||||||||||||||||||||||||
Loan | 29 | Storage Master Self Storage Portfolio | 0.9% | 6 | Natixis | Natixis | 13,000,000 | 12,986,732 | 10,745,883 | Various | Various | 5.17000% | 0.0139% | 0.0000% | 0.0139% | Actual/360 | 120 | 119 | 360 | 359 | ||||||||||||||||||||
Property | 29.01 | Whitesville | 0.3% | 1 | Natixis | Natixis | 4,182,133 | 4,177,865 | Self Storage | Self Storage | ||||||||||||||||||||||||||||||
Property | 29.02 | Pace | 0.2% | 1 | Natixis | Natixis | 2,573,620 | 2,570,994 | Mixed Use | Self Storage/Retail | ||||||||||||||||||||||||||||||
Property | 29.03 | Dothan North | 0.1% | 1 | Natixis | Natixis | 2,013,858 | 2,011,803 | Mixed Use | Self Storage/Retail | ||||||||||||||||||||||||||||||
Property | 29.04 | Dothan South | 0.1% | 1 | Natixis | Natixis | 1,737,194 | 1,735,421 | Self Storage | Self Storage | ||||||||||||||||||||||||||||||
Property | 29.05 | New Franklin | 0.1% | 1 | Natixis | Natixis | 1,415,491 | 1,414,047 | Self Storage | Self Storage | ||||||||||||||||||||||||||||||
Property | 29.06 | Commerce | 0.1% | 1 | Natixis | Natixis | 1,077,704 | 1,076,604 | Self Storage | Self Storage | ||||||||||||||||||||||||||||||
Loan | 30 | Roosevelt West Apartments | 0.9% | 1 | CCRE | CCRE | 12,950,000 | 12,905,614 | 9,806,782 | Multifamily | Garden | 5.52200% | 0.1239% | 0.0200% | 0.1039% | Actual/360 | 60 | 59 | 180 | 179 | ||||||||||||||||||||
Loan | 31 | GRM Miami Indianapolis Portfolio | 0.9% | 3 | GACC | GACC | 12,700,000 | 12,672,651 | 11,755,665 | Industrial | Warehouse/Distribution | 5.25000% | 0.0139% | 0.0000% | 0.0139% | Actual/360 | 60 | 58 | 360 | 358 | ||||||||||||||||||||
Property | 31.01 | GRM Indianapolis | 0.4% | 1 | GACC | GACC | 4,900,000 | 4,889,448 | Industrial | Warehouse/Distribution | ||||||||||||||||||||||||||||||
Property | 31.02 | GRM Green | 0.3% | 1 | GACC | GACC | 3,900,000 | 3,891,602 | Industrial | Warehouse/Distribution | ||||||||||||||||||||||||||||||
Property | 31.03 | GRM Miami | 0.3% | 1 | GACC | GACC | 3,900,000 | 3,891,602 | Industrial | Warehouse/Distribution | ||||||||||||||||||||||||||||||
Loan | 32 | 510 Main Apartments | 0.9% | 1 | GACC | GACC | 12,150,000 | 12,150,000 | 10,567,821 | Multifamily | Garden | 5.28000% | 0.0139% | 0.0000% | 0.0139% | Actual/360 | 120 | 120 | 360 | 360 | ||||||||||||||||||||
Loan | 33 | North Park Towers | 0.8% | 1 | GACC | GACC | 11,500,000 | 11,500,000 | 10,109,516 | Multifamily | High Rise | 5.65000% | 0.0139% | 0.0000% | 0.0139% | Actual/360 | 120 | 120 | 360 | 360 | ||||||||||||||||||||
Loan | 34 | Residence Inn Jacksonville | 0.8% | 1 | GACC | GACC | 10,800,000 | 10,800,000 | 9,017,105 | Hospitality | Extended Stay | 5.49000% | 0.0139% | 0.0000% | 0.0139% | Actual/360 | 120 | 120 | 360 | 360 | ||||||||||||||||||||
Loan | 35 | Hampton Inn Cranberry Township Pittsburgh | 0.7% | 1 | GACC | GACC | 9,870,131 | 9,870,131 | 8,739,945 | Hospitality | Limited Service | 5.02000% | 0.0139% | 0.0000% | 0.0139% | Actual/360 | 120 | 119 | 360 | 360 | ||||||||||||||||||||
Loan | 36 | Hampton Inn Pittsburgh Greentree | 0.7% | 1 | GACC | GACC | 9,704,206 | 9,704,206 | 8,593,020 | Hospitality | Limited Service | 5.02000% | 0.0139% | 0.0000% | 0.0139% | Actual/360 | 120 | 119 | 360 | 360 | ||||||||||||||||||||
Loan | 37 | Tioga Apartments | 0.7% | 1 | CCRE | CCRE | 9,075,000 | 9,009,896 | 3,917,527 | Multifamily | Garden | 5.28800% | 0.1239% | 0.0200% | 0.1039% | Actual/360 | 120 | 118 | 180 | 178 | ||||||||||||||||||||
Loan | 38 | Hunt Club | 0.7% | 1 | GACC | GACC | 9,000,000 | 9,000,000 | 7,612,856 | Multifamily | Garden | 5.92000% | 0.0139% | 0.0000% | 0.0139% | Actual/360 | 120 | 120 | 360 | 360 | ||||||||||||||||||||
Loan | 39 | Hulen Ridge Shopping Center | 0.6% | 1 | GACC | GACC | 8,500,000 | 8,490,604 | 6,948,818 | Retail | Anchored | 4.83100% | 0.0539% | 0.0000% | 0.0539% | Actual/360 | 120 | 119 | 360 | 359 | ||||||||||||||||||||
Loan | 40 | Flint Creek Crossing | 0.6% | 1 | Natixis | Natixis | 8,100,000 | 8,100,000 | 6,677,085 | Office | Suburban | 4.93000% | 0.0139% | 0.0000% | 0.0139% | Actual/360 | 120 | 120 | 360 | 360 | ||||||||||||||||||||
Loan | 41 | USF Gardens | 0.6% | 1 | Natixis | Natixis | 7,700,000 | 7,679,914 | 6,110,563 | Multifamily | Garden | 5.18100% | 0.0139% | 0.0000% | 0.0139% | Actual/360 | 120 | 118 | 330 | 328 | ||||||||||||||||||||
Loan | 42 | Chelsea and Manchester Townhomes | 0.5% | 2 | Natixis | Natixis | 7,500,000 | 7,500,000 | 6,201,009 | Multifamily | Garden | 5.18000% | 0.0139% | 0.0000% | 0.0139% | Actual/360 | 120 | 120 | 360 | 360 | ||||||||||||||||||||
Property | 42.01 | Chelsea Townhomes | 0.3% | 1 | Natixis | Natixis | 3,971,578 | 3,971,578 | Multifamily | Garden | ||||||||||||||||||||||||||||||
Property | 42.02 | Manchester Townhomes | 0.3% | 1 | Natixis | Natixis | 3,528,422 | 3,528,422 | Multifamily | Garden | ||||||||||||||||||||||||||||||
Loan | 43 | Residence Inn Manchester | 0.5% | 1 | GACC | GACC | 7,400,000 | 7,400,000 | 6,178,387 | Hospitality | Extended Stay | 5.49000% | 0.0139% | 0.0000% | 0.0139% | Actual/360 | 120 | 120 | 360 | 360 | ||||||||||||||||||||
Loan | 44 | Family Dollar Portfolio | 0.5% | 6 | Natixis | Natixis | 6,900,000 | 6,885,329 | 5,728,687 | Retail | Single Tenant | 5.31000% | 0.0139% | 0.0000% | 0.0139% | Actual/360 | 120 | 118 | 360 | 358 | ||||||||||||||||||||
Property | 44.01 | Family Dollar - Riverdale Memphis | 0.1% | 1 | Natixis | Natixis | 1,285,185 | 1,282,453 | Retail | Single Tenant | ||||||||||||||||||||||||||||||
Property | 44.02 | Family Dollar - Florida | 0.1% | 1 | Natixis | Natixis | 1,266,667 | 1,263,974 | Retail | Single Tenant | ||||||||||||||||||||||||||||||
Property | 44.03 | Family Dollar - Jackson Memphis | 0.1% | 1 | Natixis | Natixis | 1,166,667 | 1,164,186 | Retail | Single Tenant | ||||||||||||||||||||||||||||||
Property | 44.04 | Family Dollar - Getwell Memphis | 0.1% | 1 | Natixis | Natixis | 1,166,667 | 1,164,186 | Retail | Single Tenant | ||||||||||||||||||||||||||||||
Property | 44.05 | Family Dollar - Whitten Memphis | 0.1% | 1 | Natixis | Natixis | 1,140,741 | 1,138,315 | Retail | Single Tenant | ||||||||||||||||||||||||||||||
Property | 44.06 | Family Dollar - Texas | 0.1% | 1 | Natixis | Natixis | 874,074 | 872,216 | Retail | Single Tenant | ||||||||||||||||||||||||||||||
Loan | 45 | Collins Aire Mobile Home Park | 0.5% | 1 | Natixis | Natixis | 6,500,000 | 6,490,592 | 4,919,229 | Manufactured Housing Community | Manufactured Housing Community | 5.34000% | 0.0139% | 0.0000% | 0.0139% | Actual/360 | 120 | 119 | 300 | 299 | ||||||||||||||||||||
Loan | 46 | Fairfield Inn & Suites Boca | 0.4% | 1 | Natixis | Natixis | 5,810,000 | 5,801,465 | 4,384,528 | Hospitality | Limited Service | 5.26000% | 0.0139% | 0.0000% | 0.0139% | Actual/360 | 120 | 119 | 300 | 299 | ||||||||||||||||||||
Loan | 47 | Lincoln Springs | 0.4% | 1 | GACC | GACC | 5,344,000 | 5,344,000 | 4,742,322 | Multifamily | Garden | 5.12000% | 0.0139% | 0.0000% | 0.0139% | Actual/360 | 120 | 119 | 360 | 360 | ||||||||||||||||||||
Loan | 48 | Morehead Estates | 0.4% | 1 | Natixis | Natixis | 5,025,000 | 5,011,218 | 4,246,023 | Multifamily | Garden | 5.88000% | 0.0139% | 0.0000% | 0.0139% | Actual/360 | 120 | 117 | 360 | 357 | ||||||||||||||||||||
Loan | 49 | McKinney Self Storage Portfolio | 0.4% | 2 | Natixis | Natixis | 4,960,000 | 4,948,953 | 4,089,158 | Self Storage | Self Storage | 5.09000% | 0.0139% | 0.0000% | 0.0139% | Actual/360 | 120 | 118 | 360 | 358 | ||||||||||||||||||||
Property | 49.01 | Allen | 0.2% | 1 | Natixis | Natixis | 3,037,151 | 3,030,387 | Self Storage | Self Storage | ||||||||||||||||||||||||||||||
Property | 49.02 | Safeway | 0.1% | 1 | Natixis | Natixis | 1,922,849 | 1,918,566 | Self Storage | Self Storage | ||||||||||||||||||||||||||||||
Loan | 50 | White Horse Plaza | 0.3% | 1 | Natixis | Natixis | 4,500,000 | 4,500,000 | 3,750,123 | Retail | Anchored | 5.43000% | 0.0139% | 0.0000% | 0.0139% | Actual/360 | 120 | 120 | 360 | 360 | ||||||||||||||||||||
Loan | 51 | Dakota Apartments B (Stanley, ND) | 0.3% | 1 | CCRE | CCRE | 3,990,000 | 3,975,791 | 1,709,814 | Multifamily | Garden | 5.12150% | 0.1239% | 0.0200% | 0.1039% | Actual/360 | 120 | 119 | 180 | 179 | ||||||||||||||||||||
Loan | 52 | Walgreens - N. Muskegon | 0.3% | 1 | Natixis | Natixis | 3,840,000 | 3,828,614 | 3,211,423 | Retail | Single Tenant | 5.54000% | 0.0139% | 0.0000% | 0.0139% | Actual/360 | 120 | 117 | 360 | 357 | ||||||||||||||||||||
Loan | 53 | Fairfield Beloit | 0.3% | 1 | Natixis | Natixis | 3,800,000 | 3,727,570 | 3,396,445 | Hospitality | Limited Service | 5.28000% | 0.0139% | 0.0000% | 0.0139% | Actual/360 | 60 | 48 | 300 | 288 | ||||||||||||||||||||
Loan | 54 | Skyridge Apartments | 0.3% | 1 | GACC | GACC | 3,574,200 | 3,570,212 | 3,285,647 | Multifamily | Garden | 4.79000% | 0.0539% | 0.0000% | 0.0539% | Actual/360 | 60 | 59 | 360 | 359 | ||||||||||||||||||||
Loan | 55 | Walgreens - Livonia | 0.2% | 1 | Natixis | Natixis | 3,420,000 | 3,405,228 | 2,611,186 | Retail | Single Tenant | 5.59000% | 0.0139% | 0.0000% | 0.0139% | Actual/360 | 120 | 117 | 300 | 297 | ||||||||||||||||||||
Loan | 56 | Cree Commons (Knife River) | 0.2% | 1 | CCRE | CCRE | 2,848,000 | 2,827,076 | 1,214,614 | Multifamily | Garden | 5.02000% | 0.1239% | 0.0200% | 0.1039% | Actual/360 | 120 | 118 | 180 | 178 | ||||||||||||||||||||
Loan | 57 | Woodcliff Apartments | 0.2% | 1 | GACC | GACC | 2,797,207 | 2,794,086 | 2,571,382 | Multifamily | Garden | 4.79000% | 0.0539% | 0.0000% | 0.0539% | Actual/360 | 60 | 59 | 360 | 359 | ||||||||||||||||||||
Loan | 58 | Storage Pros Grandville | 0.2% | 1 | Natixis | Natixis | 2,535,000 | 2,535,000 | 2,099,959 | Self Storage | Self Storage | 5.24000% | 0.0139% | 0.0000% | 0.0139% | Actual/360 | 120 | 120 | 360 | 360 | ||||||||||||||||||||
Loan | 59 | Meadowood Apartments | 0.2% | 1 | GACC | GACC | 2,175,600 | 2,173,172 | 1,999,959 | Multifamily | Garden | 4.79000% | 0.0539% | 0.0000% | 0.0539% | Actual/360 | 60 | 59 | 360 | 359 |
A-1-1
COMM 2014-CCRE14 | ||||||||||||||||||||||||||||||||||||||||||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||||||||||||||||||||||||||||||||||||||||||
Monthly | Annual | Pari Passu | Pari Passu | |||||||||||||||||||||||||||||||||||||||||||||||
% of | First | Debt | Debt | Companion Loan | Companion Loan | Remaining | Crossed | Underwritten | Underwritten | FIRREA | Cut-off | LTV Ratio | ||||||||||||||||||||||||||||||||||||||
Property | Initial Pool | Payment | Maturity | ARD Loan | Final | Service | Service | Monthly Debt | Annual Debt | Interest Only | Cash | With | Related | NOI DSCR | NCF DSCR | Grace | Payment | Appraised | Appraisal | Compliant | Date LTV | at Maturity | ||||||||||||||||||||||||||||
Flag | ID | Property Name | Balance | Date | or ARD Date(6) | (Yes/No)(6) | Maturity Date(6) | ($)(7)(8) | ($)(7)(8) | Service($)(7)(8) | Service($)(7)(8) | Period | Lockbox(9) | Management(10) | Other Loans | Borrower | (7)(8)(11) | (7)(8)(11) | Period(12) | Date | Value ($) | As-of Date | (Yes/No) | Ratio(11) | or ARD(11) | |||||||||||||||||||||||||
Loan | 1 | Google and Amazon Office Portfolio(25)(26) | 11.3% | 02/06/2014 | 01/06/2024 | No | 01/06/2024 | 822,788 | 9,873,459 | 1,577,630 | 18,931,561 | 48 | Hard | In Place | No | 1.41x | 1.40x | 0 | 6 | 679,000,000 | 12/02/2013 | Yes | 66.6% | 60.6% | ||||||||||||||||||||||||||
Property | 1.01 | Technology Corners | 7.2% | 438,000,000 | 12/02/2013 | Yes | ||||||||||||||||||||||||||||||||||||||||||||
Property | 1.02 | Moffett Towers Building D | 4.0% | 241,000,000 | 12/02/2013 | Yes | ||||||||||||||||||||||||||||||||||||||||||||
Loan | 2 | 60 Hudson Street(25) | 11.3% | 12/06/2013 | 11/06/2023 | Yes | 11/06/2043 | 523,843 | 6,286,111 | 422,454 | 5,069,444 | 118 | Hard | In Place | No | 4.76x | 4.53x | 0 | 6 | 977,000,000 | 09/11/2013 | Yes | 28.7% | 28.7% | ||||||||||||||||||||||||||
Loan | 3 | 625 Madison Avenue(25)(26) | 8.0% | 01/06/2014 | 12/06/2018 | Yes | 12/06/2026 | 210,833 | 2,530,000 | 162,917 | 1,955,000 | 59 | Hard | In Place | No | 1.03x | 1.03x | 0 | 6 | 400,000,000 | 11/01/2013 | Yes | 48.8% | 48.8% | ||||||||||||||||||||||||||
Loan | 4 | Saint Louis Galleria(25) | 6.9% | 12/01/2013 | 11/01/2018 | No | 11/01/2018 | 271,250 | 3,254,997 | 285,526 | 3,426,313 | 58 | Hard | Springing | No | 3.70x | 3.58x | 0 | 1 | 449,000,000 | 09/16/2013 | Yes | 43.4% | 43.4% | ||||||||||||||||||||||||||
Loan | 5 | Highland Hills Apartments | 4.0% | 11/05/2013 | 10/05/2023 | No | 10/05/2023 | 306,443 | 3,677,316 | Soft | Springing | No | 1.56x | 1.48x | 0 | 5 | 77,200,000 | 09/27/2013 | Yes | 71.0% | 59.2% | |||||||||||||||||||||||||||||
Loan | 6 | City Square(26) | 3.4% | 02/06/2014 | 01/06/2019 | No | 01/06/2019 | 261,562 | 3,138,741 | 12 | Hard | In Place | No | 1.55x | 1.47x | 0 | 6 | 66,500,000 | 11/06/2013 | Yes | 71.4% | 67.3% | ||||||||||||||||||||||||||||
Loan | 7 | Dallas FBI | 3.0% | 01/05/2014 | 12/05/2023 | No | 12/05/2023 | 225,101 | 2,701,210 | Hard | Springing | No | Yes - A | 1.44x | 1.43x | 0 | 5 | 60,700,000 | 10/03/2013 | Yes | 68.5% | 56.5% | ||||||||||||||||||||||||||||
Loan | 8 | 175 West Jackson(25) | 2.9% | 12/06/2013 | 11/06/2023 | No | 11/06/2023 | 216,836 | 2,602,031 | 1,301,016 | 15,612,187 | 34 | Hard | In Place | No | 1.62x | 1.44x | 0 | 6 | 410,000,000 | 06/24/2013 | Yes | 68.3% | 60.6% | ||||||||||||||||||||||||||
Loan | 9 | Miraval Resort & Spa | 2.6% | 07/05/2013 | 06/05/2018 | No | 06/05/2018 | 220,906 | 2,650,869 | Hard | In Place | No | 2.50x | 2.00x | 0 | 5 | 78,600,000 | 11/14/2013 | Yes | 45.9% | 41.6% | |||||||||||||||||||||||||||||
Loan | 10 | Bedford and Victoria Multifamily Portfolio | 2.4% | 01/06/2014 | 12/06/2023 | No | 12/06/2023 | 175,421 | 2,105,049 | Soft | Springing | No | 1.45x | 1.37x | 0 | 6 | 44,000,000 | 10/18/2013 | Yes | 74.9% | 61.5% | |||||||||||||||||||||||||||||
Property | 10.01 | Bedford Station Apartments | 2.0% | 36,600,000 | 10/18/2013 | Yes | ||||||||||||||||||||||||||||||||||||||||||||
Property | 10.02 | Victoria Station Apartments | 0.4% | 7,400,000 | 10/18/2013 | Yes | ||||||||||||||||||||||||||||||||||||||||||||
Loan | 11 | Kalahari Resort and Convention Center(25) | 2.2% | 12/06/2013 | 11/06/2023 | No | 11/06/2023 | 186,202 | 2,234,426 | 620,674 | 7,448,087 | Hard | Springing | No | 2.39x | 2.06x | 0 | 6 | 233,700,000 | 07/29/2013 | Yes | 55.5% | 42.5% | |||||||||||||||||||||||||||
Loan | 12 | Shaner Hotel Portfolio II | 2.1% | 02/06/2014 | 01/06/2024 | No | 01/06/2024 | 163,048 | 1,956,570 | Hard | In Place | No | 1.86x | 1.62x | 0 | 6 | 45,000,000 | Various | Yes | 65.1% | 54.0% | |||||||||||||||||||||||||||||
Property | 12.01 | Holiday Inn Express State College | 0.5% | 10,500,000 | 09/05/2013 | Yes | ||||||||||||||||||||||||||||||||||||||||||||
Property | 12.02 | Fairfield Inn State College | 0.5% | 9,500,000 | 09/05/2013 | Yes | ||||||||||||||||||||||||||||||||||||||||||||
Property | 12.03 | Hampton Inn State College | 0.4% | 9,500,000 | 09/05/2013 | Yes | ||||||||||||||||||||||||||||||||||||||||||||
Property | 12.04 | SpringHill Suites State College | 0.4% | 8,500,000 | 09/05/2013 | Yes | ||||||||||||||||||||||||||||||||||||||||||||
Property | 12.05 | Fairfield Inn Jacksonville | 0.3% | 7,000,000 | 09/20/2013 | Yes | ||||||||||||||||||||||||||||||||||||||||||||
Loan | 13 | McKinley Mall(25) | 2.0% | 08/05/2013 | 07/05/2023 | No | 07/05/2023 | 151,526 | 1,818,311 | 54,116 | 649,397 | 6 | Hard | Springing | No | 1.80x | 1.60x | 0 | 5 | 56,500,000 | 05/09/2013 | Yes | 67.3% | 54.9% | ||||||||||||||||||||||||||
Loan | 14 | Carlisle Commons | 2.0% | 02/05/2014 | 01/05/2024 | No | 01/05/2024 | 154,617 | 1,855,404 | 36 | Hard | Springing | No | 1.50x | 1.39x | 0 | 5 | 38,200,000 | 11/01/2013 | Yes | 73.3% | 65.2% | ||||||||||||||||||||||||||||
Loan | 15 | Indigo Palms Multifamily | 2.0% | 01/06/2014 | 12/06/2023 | No | 12/06/2023 | 148,603 | 1,783,242 | Soft | Springing | No | 1.38x | 1.30x | 0 | 6 | 41,000,000 | 09/12/2013 | Yes | 68.2% | 56.0% | |||||||||||||||||||||||||||||
Loan | 16 | Metro Shops at PG Station | 2.0% | 01/06/2014 | 12/06/2018 | No | 12/06/2018 | 143,569 | 1,722,829 | Hard | Springing | No | 1.45x | 1.34x | 0 | 6 | 41,740,000 | 10/28/2013 | Yes | 65.8% | 60.5% | |||||||||||||||||||||||||||||
Loan | 17 | Capital Crossing(26) | 1.9% | 12/06/2013 | 11/06/2023 | No | 11/06/2023 | 138,139 | 1,657,668 | 33 | Soft | Springing | No | 1.28x | 1.26x | 0 | 6 | 34,300,000 | 09/05/2013 | Yes | 71.4% | 65.8% | ||||||||||||||||||||||||||||
Loan | 18 | West Palm Portfolio | 1.8% | 01/06/2014 | 12/06/2023 | No | 12/06/2023 | 133,042 | 1,596,506 | 23 | Soft | Springing | No | Yes - B | 1.56x | 1.47x | 0 | 6 | 35,900,000 | Various | Yes | 69.4% | 60.0% | |||||||||||||||||||||||||||
Property | 18.01 | Greengate Apartments | 0.5% | 9,400,000 | 09/05/2013 | Yes | ||||||||||||||||||||||||||||||||||||||||||||
Property | 18.02 | Elmwood Apartments | 0.4% | 8,400,000 | 09/05/2013 | Yes | ||||||||||||||||||||||||||||||||||||||||||||
Property | 18.03 | Ambergate Apartments | 0.3% | 6,100,000 | 09/05/2013 | Yes | ||||||||||||||||||||||||||||||||||||||||||||
Property | 18.04 | Suntree Apartments | 0.3% | 6,000,000 | 09/04/2013 | Yes | ||||||||||||||||||||||||||||||||||||||||||||
Property | 18.05 | Springtree Apartments | 0.3% | 6,000,000 | 09/05/2013 | Yes | ||||||||||||||||||||||||||||||||||||||||||||
Loan | 19 | Alta Vista Ridge(26) | 1.6% | 02/05/2014 | 01/05/2024 | No | 01/05/2024 | 116,255 | 1,395,063 | 36 | Hard | In Place | No | 1.34x | 1.30x | 0 | 5 | 30,000,000 | 10/28/2013 | Yes | 74.2% | 67.0% | ||||||||||||||||||||||||||||
Loan | 20 | 16530 Ventura Boulevard | 1.6% | 02/06/2014 | 01/06/2024 | No | 01/06/2024 | 117,396 | 1,408,748 | Hard | Springing | No | 1.45x | 1.28x | 0 | 6 | 30,000,000 | 11/01/2013 | Yes | 71.7% | 59.2% | |||||||||||||||||||||||||||||
Loan | 21 | 149 New Montgomery | 1.5% | 12/05/2013 | 11/05/2023 | No | 11/05/2023 | 88,804 | 1,065,648 | 118 | Hard | Springing | No | 1.67x | 1.63x | 0 | 5 | 34,000,000 | 09/18/2013 | Yes | 61.8% | 61.8% | ||||||||||||||||||||||||||||
Loan | 22 | Baton Rouge Office Portfolio Pool 2 | 1.4% | 02/06/2014 | 01/06/2019 | No | 01/06/2019 | 99,330 | 1,191,963 | Hard | Springing | No | 2.22x | 2.04x | 0 | 6 | 28,800,000 | 09/06/2013 | Yes | 68.2% | 62.4% | |||||||||||||||||||||||||||||
Property | 22.01 | Citiplace One | 0.7% | 12,400,000 | 09/06/2013 | Yes | ||||||||||||||||||||||||||||||||||||||||||||
Property | 22.02 | Latter Center West | 0.5% | 10,100,000 | 09/06/2013 | Yes | ||||||||||||||||||||||||||||||||||||||||||||
Property | 22.03 | Sherwood Oaks | 0.2% | 6,300,000 | 09/06/2013 | Yes | ||||||||||||||||||||||||||||||||||||||||||||
Loan | 23 | Albuquerque SSA | 1.2% | 01/05/2014 | 12/05/2023 | No | 12/05/2023 | 86,577 | 1,038,927 | Hard | Springing | No | Yes - A | 1.49x | 1.47x | 0 | 5 | 23,000,000 | 10/03/2013 | Yes | 69.5% | 57.3% | ||||||||||||||||||||||||||||
Loan | 24 | La Terraza San Diego | 1.1% | 01/06/2014 | 12/06/2023 | No | 12/06/2023 | 78,066 | 936,797 | 59 | Springing Hard | Springing | No | 1.77x | 1.64x | 0 | 6 | 22,300,000 | 10/08/2013 | Yes | 67.3% | 61.8% | ||||||||||||||||||||||||||||
Loan | 25 | Perryville Corporate Park | 1.1% | 12/05/2013 | 11/05/2023 | No | 11/05/2023 | 79,543 | 954,514 | Hard | Springing | No | 1.79x | 1.55x | 0 | 5 | 24,400,000 | 07/01/2013 | Yes | 60.1% | 49.6% | |||||||||||||||||||||||||||||
Loan | 26 | West Valley Business Park | 1.0% | 01/06/2014 | 12/06/2023 | No | 12/06/2023 | 75,412 | 904,943 | 35 | Springing Hard | Springing | No | 1.64x | 1.52x | 0 | 6 | 23,900,000 | 10/25/2013 | Yes | 58.6% | 51.9% | ||||||||||||||||||||||||||||
Loan | 27 | McAllen FBI | 1.0% | 01/05/2014 | 12/05/2023 | No | 12/05/2023 | 74,511 | 894,127 | Hard | Springing | No | Yes - A | 1.53x | 1.52x | 0 | 5 | 20,700,000 | 10/03/2013 | Yes | 66.5% | 54.8% | ||||||||||||||||||||||||||||
Loan | 28 | ART Florida MF Portfolio | 1.0% | 02/06/2014 | 01/06/2024 | No | 01/06/2024 | 72,306 | 867,676 | 12 | Soft | Springing | No | Yes - B | 1.43x | 1.32x | 0 | 6 | 19,040,000 | 12/09/2013 | Yes | 69.9% | 59.2% | |||||||||||||||||||||||||||
Property | 28.01 | Holly Ridge | 0.4% | 8,200,000 | 12/09/2013 | Yes | ||||||||||||||||||||||||||||||||||||||||||||
Property | 28.02 | Windwood | 0.3% | 6,350,000 | 12/09/2013 | Yes | ||||||||||||||||||||||||||||||||||||||||||||
Property | 28.03 | Palm Side | 0.2% | 4,490,000 | 12/09/2013 | Yes | ||||||||||||||||||||||||||||||||||||||||||||
Loan | 29 | Storage Master Self Storage Portfolio | 0.9% | 01/05/2014 | 12/05/2023 | No | 12/05/2023 | 71,144 | 853,724 | Springing Soft | Springing | No | 1.56x | 1.52x | 0 | 5 | 20,205,000 | Various | Yes | 64.3% | 53.2% | |||||||||||||||||||||||||||||
Property | 29.01 | Whitesville | 0.3% | 6,500,000 | 03/20/2013 | Yes | ||||||||||||||||||||||||||||||||||||||||||||
Property | 29.02 | Pace | 0.2% | 4,000,000 | 03/21/2013 | Yes | ||||||||||||||||||||||||||||||||||||||||||||
Property | 29.03 | Dothan North | 0.1% | 3,130,000 | 03/20/2013 | Yes | ||||||||||||||||||||||||||||||||||||||||||||
Property | 29.04 | Dothan South | 0.1% | 2,700,000 | 03/20/2013 | Yes | ||||||||||||||||||||||||||||||||||||||||||||
Property | 29.05 | New Franklin | 0.1% | 2,200,000 | 03/20/2013 | Yes | ||||||||||||||||||||||||||||||||||||||||||||
Property | 29.06 | Commerce | 0.1% | 1,675,000 | 03/20/2013 | Yes | ||||||||||||||||||||||||||||||||||||||||||||
Loan | 30 | Roosevelt West Apartments | 0.9% | 01/06/2014 | 12/06/2018 | No | 12/06/2018 | 105,964 | 1,271,563 | Soft | Springing | No | Yes - C | 1.85x | 1.82x | 0 | 6 | 19,100,000 | 11/07/2013 | Yes | 67.6% | 51.3% | ||||||||||||||||||||||||||||
Loan | 31 | GRM Miami Indianapolis Portfolio | 0.9% | 12/06/2013 | 11/06/2018 | No | 11/06/2018 | 70,130 | 841,558 | Hard | In Place | No | 1.77x | 1.50x | 0 | 6 | 18,050,000 | Various | Yes | 70.2% | 65.1% | |||||||||||||||||||||||||||||
Property | 31.01 | GRM Indianapolis | 0.4% | 7,250,000 | 07/26/2013 | Yes | ||||||||||||||||||||||||||||||||||||||||||||
Property | 31.02 | GRM Green | 0.3% | 5,600,000 | 11/30/2013 | Yes | ||||||||||||||||||||||||||||||||||||||||||||
Property | 31.03 | GRM Miami | 0.3% | 5,200,000 | 10/01/2013 | Yes | ||||||||||||||||||||||||||||||||||||||||||||
Loan | 32 | 510 Main Apartments | 0.9% | 02/06/2014 | 01/06/2024 | No | 01/06/2024 | 67,319 | 807,824 | 23 | Soft | Springing | No | 1.35x | 1.25x | 0 | 6 | 16,600,000 | 10/29/2013 | Yes | 73.2% | 63.7% | ||||||||||||||||||||||||||||
Loan | 33 | North Park Towers | 0.8% | 02/06/2014 | 01/06/2024 | No | 01/06/2024 | 66,382 | 796,585 | 24 | Soft | In Place | No | 1.58x | 1.43x | 0 | 6 | 15,450,000 | 10/28/2013 | Yes | 74.4% | 65.4% | ||||||||||||||||||||||||||||
Loan | 34 | Residence Inn Jacksonville | 0.8% | 02/06/2014 | 01/06/2024 | No | 01/06/2024 | 61,253 | 735,042 | Hard | Springing | No | Yes - D | 1.76x | 1.57x | 0 | 6 | 15,000,000 | 10/22/2013 | Yes | 72.0% | 60.1% | ||||||||||||||||||||||||||||
Loan | 35 | Hampton Inn Cranberry Township Pittsburgh | 0.7% | 01/06/2014 | 12/06/2023 | No | 12/06/2023 | 53,106 | 637,269 | 35 | Hard | Springing | No | Yes - E | 2.54x | 2.30x | 0 | 6 | 15,500,000 | 10/01/2013 | Yes | 63.7% | 56.4% | |||||||||||||||||||||||||||
Loan | 36 | Hampton Inn Pittsburgh Greentree | 0.7% | 01/06/2014 | 12/06/2023 | No | 12/06/2023 | 52,213 | 626,556 | 35 | Hard | Springing | No | Yes - E | 2.55x | 2.28x | 0 | 6 | 15,000,000 | 10/01/2013 | Yes | 64.7% | 57.3% | |||||||||||||||||||||||||||
Loan | 37 | Tioga Apartments | 0.7% | 12/06/2013 | 11/06/2023 | No | 11/06/2023 | 73,133 | 877,600 | Soft | Springing | No | Yes - C | 2.12x | 2.09x | 0 | 6 | 13,900,000 | 05/31/2013 | Yes | 64.8% | 28.2% | ||||||||||||||||||||||||||||
Loan | 38 | Hunt Club | 0.7% | 02/06/2014 | 01/06/2024 | No | 01/06/2024 | 53,498 | 641,970 | Soft | Springing | No | 1.34x | 1.25x | 0 | 6 | 12,020,000 | 11/07/2013 | Yes | 74.9% | 63.3% | |||||||||||||||||||||||||||||
Loan | 39 | Hulen Ridge Shopping Center | 0.6% | 01/06/2014 | 12/06/2023 | No | 12/06/2023 | 44,756 | 537,072 | Hard | Springing | No | 1.55x | 1.43x | 0 | 6 | 11,500,000 | 10/25/2013 | Yes | 73.8% | 60.4% | |||||||||||||||||||||||||||||
Loan | 40 | Flint Creek Crossing | 0.6% | 02/05/2014 | 01/05/2024 | No | 01/05/2024 | 43,137 | 517,640 | 2 | Hard | Springing | No | 1.54x | 1.47x | 0 | 5 | 10,800,000 | 10/16/2013 | Yes | 75.0% | 61.8% | ||||||||||||||||||||||||||||
Loan | 41 | USF Gardens | 0.6% | 12/05/2013 | 11/05/2023 | No | 11/05/2023 | 43,818 | 525,818 | Soft | Springing | No | 1.65x | 1.51x | 0 | 5 | 10,700,000 | 08/16/2013 | Yes | 71.8% | 57.1% | |||||||||||||||||||||||||||||
Loan | 42 | Chelsea and Manchester Townhomes | 0.5% | 02/05/2014 | 01/05/2024 | No | 01/05/2024 | 41,091 | 493,088 | Soft | Springing | No | 1.60x | 1.23x | 0 | 5 | 13,370,000 | 11/27/2013 | Yes | 56.1% | 46.4% | |||||||||||||||||||||||||||||
Property | 42.01 | Chelsea Townhomes | 0.3% | 7,080,000 | 11/27/2013 | Yes | ||||||||||||||||||||||||||||||||||||||||||||
Property | 42.02 | Manchester Townhomes | 0.3% | 6,290,000 | 11/27/2013 | Yes | ||||||||||||||||||||||||||||||||||||||||||||
Loan | 43 | Residence Inn Manchester | 0.5% | 02/06/2014 | 01/06/2024 | No | 01/06/2024 | 41,970 | 503,640 | Hard | Springing | No | Yes - D | 2.02x | 1.68x | 0 | 6 | 12,700,000 | 10/23/2013 | Yes | 58.3% | 48.6% | ||||||||||||||||||||||||||||
Loan | 44 | Family Dollar Portfolio | 0.5% | 12/05/2013 | 11/05/2023 | No | 11/05/2023 | 38,359 | 460,307 | Hard | In Place | No | 1.47x | 1.44x | 0 | 5 | 9,315,000 | Various | Yes | 73.9% | 61.5% | |||||||||||||||||||||||||||||
Property | 44.01 | Family Dollar - Riverdale Memphis | 0.1% | 1,735,000 | 07/18/2013 | Yes | ||||||||||||||||||||||||||||||||||||||||||||
Property | 44.02 | Family Dollar - Florida | 0.1% | 1,710,000 | 04/18/2013 | Yes | ||||||||||||||||||||||||||||||||||||||||||||
Property | 44.03 | Family Dollar - Jackson Memphis | 0.1% | 1,575,000 | 04/17/2013 | Yes | ||||||||||||||||||||||||||||||||||||||||||||
Property | 44.04 | Family Dollar - Getwell Memphis | 0.1% | 1,575,000 | 04/17/2013 | Yes | ||||||||||||||||||||||||||||||||||||||||||||
Property | 44.05 | Family Dollar - Whitten Memphis | 0.1% | 1,540,000 | 07/18/2013 | Yes | ||||||||||||||||||||||||||||||||||||||||||||
Property | 44.06 | Family Dollar - Texas | 0.1% | 1,180,000 | 04/25/2013 | Yes | ||||||||||||||||||||||||||||||||||||||||||||
Loan | 45 | Collins Aire Mobile Home Park | 0.5% | 01/05/2014 | 12/05/2023 | No | 12/05/2023 | 39,297 | 471,564 | Soft | Springing | No | 1.90x | 1.84x | 0 | 5 | 11,000,000 | 08/26/2013 | Yes | 59.0% | 44.7% | |||||||||||||||||||||||||||||
Loan | 46 | Fairfield Inn & Suites Boca | 0.4% | 01/05/2014 | 12/05/2023 | No | 12/05/2023 | 34,851 | 418,207 | Hard | Springing | No | 1.92x | 1.66x | 0 | 5 | 8,300,000 | 10/01/2013 | Yes | 69.9% | 52.8% | |||||||||||||||||||||||||||||
Loan | 47 | Lincoln Springs | 0.4% | 01/06/2014 | 12/06/2023 | No | 12/06/2023 | 29,081 | 348,971 | 35 | Springing Soft | Springing | No | 1.69x | 1.53x | 0 | 6 | 7,430,000 | 09/10/2013 | Yes | 71.9% | 63.8% | ||||||||||||||||||||||||||||
Loan | 48 | Morehead Estates | 0.4% | 11/05/2013 | 10/05/2023 | No | 10/05/2023 | 29,741 | 356,890 | Soft | Springing | No | 1.28x | 1.20x | 0 | 5 | 6,700,000 | 07/07/2013 | Yes | 74.8% | 63.4% | |||||||||||||||||||||||||||||
Loan | 49 | McKinney Self Storage Portfolio | 0.4% | 12/05/2013 | 11/05/2023 | No | 11/05/2023 | 26,900 | 322,798 | Springing Soft | Springing | No | 1.67x | 1.61x | 0 | 5 | 7,300,000 | 04/23/2013 | Yes | 67.8% | 56.0% | |||||||||||||||||||||||||||||
Property | 49.01 | Allen | 0.2% | 4,470,000 | 04/23/2013 | Yes | ||||||||||||||||||||||||||||||||||||||||||||
Property | 49.02 | Safeway | 0.1% | 2,830,000 | 04/23/2013 | Yes | ||||||||||||||||||||||||||||||||||||||||||||
Loan | 50 | White Horse Plaza | 0.3% | 02/05/2014 | 01/05/2024 | No | 01/05/2024 | 25,353 | 304,239 | Hard | Springing | No | 1.96x | 1.65x | 0 | 5 | 6,600,000 | 10/01/2013 | Yes | 68.2% | 56.8% | |||||||||||||||||||||||||||||
Loan | 51 | Dakota Apartments B (Stanley, ND) | 0.3% | 01/06/2014 | 12/06/2023 | No | 12/06/2023 | 31,806 | 381,669 | Soft Springing Hard | Springing | No | Yes - F | 1.65x | 1.63x | 0 | 6 | 5,600,000 | 06/19/2013 | Yes | 71.0% | 30.5% | ||||||||||||||||||||||||||||
Loan | 52 | Walgreens - N. Muskegon | 0.3% | 11/05/2013 | 10/05/2023 | No | 10/05/2023 | 21,900 | 262,795 | Hard | Springing | No | Yes - G | 1.33x | 1.33x | 0 | 5 | 5,400,000 | 05/12/2013 | Yes | 70.9% | 59.5% | ||||||||||||||||||||||||||||
Loan | 53 | Fairfield Beloit | 0.3% | 02/05/2013 | 01/05/2018 | No | 01/05/2018 | 22,839 | 274,065 | Hard | Springing | No | 1.94x | 1.67x | 0 | 5 | 6,400,000 | 07/18/2012 | Yes | 58.2% | 53.1% | |||||||||||||||||||||||||||||
Loan | 54 | Skyridge Apartments | 0.3% | 01/06/2014 | 12/06/2018 | No | 12/06/2018 | 18,731 | 224,772 | Springing Soft | Springing | No | Yes - H | 1.85x | 1.72x | 0 | 6 | 4,800,000 | 10/08/2013 | Yes | 74.4% | 68.5% | ||||||||||||||||||||||||||||
Loan | 55 | Walgreens - Livonia | 0.2% | 11/05/2013 | 10/05/2023 | No | 10/05/2023 | 21,186 | 254,232 | Hard | Springing | No | Yes - G | 1.42x | 1.35x | 0 | 5 | 5,800,000 | 05/12/2013 | Yes | 58.7% | 45.0% | ||||||||||||||||||||||||||||
Loan | 56 | Cree Commons (Knife River) | 0.2% | 12/06/2013 | 11/06/2023 | No | 11/06/2023 | 22,551 | 270,618 | Soft | Springing | No | Yes - F | 2.39x | 2.36x | 0 | 6 | 4,320,000 | 06/19/2013 | Yes | 65.4% | 28.1% | ||||||||||||||||||||||||||||
Loan | 57 | Woodcliff Apartments | 0.2% | 01/06/2014 | 12/06/2018 | No | 12/06/2018 | 14,659 | 175,909 | Springing Soft | Springing | No | Yes - H | 1.92x | 1.71x | 0 | 6 | 3,700,000 | 10/08/2013 | Yes | 75.5% | 69.5% | ||||||||||||||||||||||||||||
Loan | 58 | Storage Pros Grandville | 0.2% | 02/05/2014 | 01/05/2024 | No | 01/05/2024 | 13,983 | 167,792 | Springing Soft | Springing | No | 1.54x | 1.47x | 0 | 5 | 3,550,000 | 11/18/2013 | Yes | 71.4% | 59.2% | |||||||||||||||||||||||||||||
Loan | 59 | Meadowood Apartments | 0.2% | 01/06/2014 | 12/06/2018 | No | 12/06/2018 | 11,401 | 136,818 | Springing Soft | Springing | No | Yes - H | 2.24x | 2.04x | 0 | 6 | 3,000,000 | 10/08/2013 | Yes | 72.4% | 66.7% |
A-1-2
COMM 2014-CCRE14 | ||||||||||||||||||||||||||||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||||||||||||||||||||||||||||
Net | Loan per Net | |||||||||||||||||||||||||||||||||||
% of | Rentable Area | Units | Rentable Area | |||||||||||||||||||||||||||||||||
Property | Initial Pool | Year | Year | (SF/Units | of | (SF/Units/ | Prepayment Provisions | Trailing 12 Operating | Trailing 12 | Trailing 12 | Trailing 12 | |||||||||||||||||||||||||
Flag | ID | Property Name | Balance | Address | City | County | State | Zip Code | Built | Renovated | Rooms/Pads) | Measure | Rooms/Pads) ($)(11) | (# of payments)(13) | Statements Date | EGI ($) | Expenses($) | NOI($) | ||||||||||||||||||
Loan | 1 | Google and Amazon Office Portfolio(25)(26) | 11.3% | Various | Sunnyvale | Santa Clara | CA | 94089 | Various | Various | 1,057,809 | Sq. Ft. | 427 | L(24), YM1(92), O(4) | ||||||||||||||||||||||
Property | 1.01 | Technology Corners | 7.2% | 803, 805, 807 and 809 11th Avenue | Sunnyvale | Santa Clara | CA | 94089 | 2001 | 2013 | 700,328 | Sq. Ft. | 416 | |||||||||||||||||||||||
Property | 1.02 | Moffett Towers Building D | 4.0% | 1100 Enterprise Way | Sunnyvale | Santa Clara | CA | 94089 | 2013 | NAP | 357,481 | Sq. Ft. | 450 | |||||||||||||||||||||||
Loan | 2 | 60 Hudson Street(25) | 11.3% | 60 Hudson Street | New York | New York | NY | 10013 | 1928-1930 | 2013 | 1,098,735 | Sq. Ft. | 255 | L(26), D(90), O(4) | T-12 8/31/2013 | 81,390,260 | 33,212,519 | 48,177,741 | ||||||||||||||||||
Loan | 3 | 625 Madison Avenue(25)(26) | 8.0% | 625 Madison Avenue | New York | New York | NY | 10019 | NAP | NAP | 35,146 | Sq. Ft. | 5,548 | L(25), D(31), O(4) | ||||||||||||||||||||||
Loan | 4 | Saint Louis Galleria(25) | 6.9% | 1155 Saint Louis Galleria | St. Louis | St. Louis | MO | 63117 | 1986 | 2006, 2011 | 467,440 | Sq. Ft. | 417 | L(26), D(30), O(4) | T-12 8/31/2013 | 33,908,652 | 11,195,746 | 22,712,905 | ||||||||||||||||||
Loan | 5 | Highland Hills Apartments | 4.0% | 1340 Warren Street | Mankato | Blue Earth | MN | 56001 | 1963-2001 | 2012 | 826 | Units | 66,379 | L(27), D(89), O(4) | T-12 8/31/2013 | 8,736,627 | 3,276,062 | 5,460,565 | ||||||||||||||||||
Loan | 6 | City Square(26) | 3.4% | 500 12th Street & 499, 501 and 525 14th Street | Oakland | Alameda | CA | 94612 | 1986 | 2010 | 163,733 | Sq. Ft. | 290 | L(24), D(33), O(3) | T-12 9/30/2013 | 7,047,032 | 2,998,457 | 4,048,575 | ||||||||||||||||||
Loan | 7 | Dallas FBI | 3.0% | 1751 Storey Lane | Dallas | Dallas | TX | 75220 | 2002 | NAP | 226,175 | Sq. Ft. | 184 | L(25), D(92), O(3) | ||||||||||||||||||||||
Loan | 8 | 175 West Jackson(25) | 2.9% | 175 West Jackson Boulevard | Chicago | Cook | IL | 60604 | 1912, 1928 | 2001 | 1,452,390 | Sq. Ft. | 193 | L(26), D(90), O(4) | T-12 8/31/2013 | 48,657,641 | 21,648,977 | 27,008,664 | ||||||||||||||||||
Loan | 9 | Miraval Resort & Spa | 2.6% | 5000 East Via Estancia Miraval | Tucson | Pima | AZ | 85739 | 1995 | 2011 | 117 | Rooms | 308,627 | L(31), D(26), O(3) | T-12 8/31/2013 | 33,387,290 | 26,634,085 | 6,753,205 | ||||||||||||||||||
Loan | 10 | Bedford and Victoria Multifamily Portfolio | 2.4% | Various | Hyattsville | Prince George's | MD | 20783 | 1947 | NAP | 587 | Units | 56,157 | L(25), D(91), O(4) | T-12 9/30/2013 | 6,814,781 | 3,854,275 | 2,960,506 | ||||||||||||||||||
Property | 10.01 | Bedford Station Apartments | 2.0% | 8005 14th Avenue | Hyattsville | Prince George's | MD | 20783 | 1947 | NAP | 486 | Units | 56,420 | T-12 9/30/2013 | 5,649,803 | 3,171,987 | 2,477,816 | |||||||||||||||||||
Property | 10.02 | Victoria Station Apartments | 0.4% | 1401 Merrimac Drive | Hyattsville | Prince George's | MD | 20783 | 1947 | NAP | 101 | Units | 54,891 | T-12 9/30/2013 | 1,164,978 | 682,288 | 482,690 | |||||||||||||||||||
Loan | 11 | Kalahari Resort and Convention Center(25) | 2.2% | 7000 Kalahari Drive | Sandusky | Erie | OH | 44870 | 2005 | 2011 | 491 | Rooms | 263,994 | L(26), DorYM1(90), O(4) | T-12 8/31/2013 | 81,082,252 | 53,891,403 | 27,190,849 | ||||||||||||||||||
Loan | 12 | Shaner Hotel Portfolio II | 2.1% | Various | Various | Various | Various | Various | Various | Various | 408 | Rooms | 71,752 | L(24), D(92), O(4) | T-12 8/31/2013 | 11,808,093 | 7,845,329 | 3,962,764 | ||||||||||||||||||
Property | 12.01 | Holiday Inn Express State College | 0.5% | 1925 Waddle Road | State College | Centre | PA | 16803 | 1999 | 2011 | 106 | Rooms | 64,387 | T-12 8/31/2013 | 3,036,996 | 2,035,837 | 1,001,159 | |||||||||||||||||||
Property | 12.02 | Fairfield Inn State College | 0.5% | 2215 North Atherton Street | State College | Centre | PA | 16803 | 2007 | NAP | 83 | Rooms | 74,699 | T-12 8/31/2013 | 2,200,591 | 1,395,714 | 804,878 | |||||||||||||||||||
Property | 12.03 | Hampton Inn State College | 0.4% | 1955 Waddle Road | State College | Centre | PA | 16803 | 2001 | NAP | 71 | Rooms | 86,972 | T-12 8/31/2013 | 2,195,130 | 1,378,512 | 816,618 | |||||||||||||||||||
Property | 12.04 | SpringHill Suites State College | 0.4% | 1935 Waddle Road | State College | Centre | PA | 16803 | 2003 | 2009 | 72 | Rooms | 76,736 | T-12 8/31/2013 | 2,230,123 | 1,551,223 | 678,900 | |||||||||||||||||||
Property | 12.05 | Fairfield Inn Jacksonville | 0.3% | 1616 First Street North | Jacksonville Beach | Duval | FL | 32250 | 2004 | NAP | 76 | Rooms | 59,868 | T-12 8/31/2013 | 2,145,253 | 1,484,044 | 661,210 | |||||||||||||||||||
Loan | 13 | McKinley Mall(25) | 2.0% | 3701 McKinley Parkway | Buffalo | Erie | NY | 14219 | 1986 | 2008 | 728,133 | Sq. Ft. | 52 | L(30), DorYM1(87), O(3) | T-12 10/31/2013 | 9,946,692 | 5,517,563 | 4,429,129 | ||||||||||||||||||
Loan | 14 | Carlisle Commons | 2.0% | 60 Noble Boulevard | Carlisle | Cumberland | PA | 17013 | 2002 | NAP | 387,383 | Sq. Ft. | 72 | L(24), D(92), O(4) | T-12 10/31/2013 | 4,330,391 | 1,290,431 | 3,039,960 | ||||||||||||||||||
Loan | 15 | Indigo Palms Multifamily | 2.0% | 3777 East McDowell Road | Phoenix | Maricopa | AZ | 85008 | 2000, 2003 | NAP | 432 | Units | 64,744 | L(25), D(91), O(4) | T-12 9/30/2013 | 3,994,397 | 1,508,680 | 2,485,717 | ||||||||||||||||||
Loan | 16 | Metro Shops at PG Station | 2.0% | 6210 Belcrest Road | Hyattsville | Prince George's | MD | 20782 | 2007 | NAP | 160,623 | Sq. Ft. | 171 | L(25), D(31), O(4) | T-12 10/31/2013 | 3,364,211 | 1,308,919 | 2,055,291 | ||||||||||||||||||
Loan | 17 | Capital Crossing(26) | 1.9% | 3930 Suitland Road | Suitland | Prince George's | MD | 20746 | 1960 | 2004-2013 | 359 | Units | 71,031 | L(26), D(90), O(4) | T-12 9/30/2013 | 4,191,966 | 2,100,095 | 2,091,871 | ||||||||||||||||||
Loan | 18 | West Palm Portfolio | 1.8% | Various | West Palm Beach | Palm Beach | FL | Various | Various | 2013 | 432 | Units | 57,697 | L(25), D(90), O(5) | T-12 9/30/2013 | 3,433,954 | 1,210,538 | 2,223,416 | ||||||||||||||||||
Property | 18.01 | Greengate Apartments | 0.5% | 2357 Greengate Circle | West Palm Beach | Palm Beach | FL | 33415 | 1987 | 2013 | 119 | Units | 54,843 | T-12 9/30/2013 | 902,555 | 356,813 | 545,742 | |||||||||||||||||||
Property | 18.02 | Elmwood Apartments | 0.4% | 5111 Elmhurst Road | West Palm Beach | Palm Beach | FL | 33417 | 1984 | 2013 | 102 | Units | 57,177 | T-12 9/30/2013 | 830,138 | 242,911 | 587,227 | |||||||||||||||||||
Property | 18.03 | Ambergate Apartments | 0.3% | 2357-B Greengate Circle | West Palm Beach | Palm Beach | FL | 33415 | 1987 | 2013 | 72 | Units | 58,822 | T-12 9/30/2013 | 503,900 | 210,724 | 293,176 | |||||||||||||||||||
Property | 18.04 | Suntree Apartments | 0.3% | 4602 Cresthaven Boulevard | West Palm Beach | Palm Beach | FL | 33415 | 1982 | 2013 | 67 | Units | 62,175 | T-12 9/30/2013 | 611,175 | 209,301 | 401,874 | |||||||||||||||||||
Property | 18.05 | Springtree Apartments | 0.3% | 4772 Elmhurst Road | West Palm Beach | Palm Beach | FL | 33417 | 1982 | 2013 | 72 | Units | 57,857 | T-12 9/30/2013 | 586,186 | 190,788 | 395,398 | |||||||||||||||||||
Loan | 19 | Alta Vista Ridge(26) | 1.6% | 2241 South State Highway 121 Business | Lewisville | Denton | TX | 75067 | 2006 | NAP | 270 | Units | 82,407 | L(24), D(93), O(3) | T-12 11/30/2013 | 3,286,348 | 1,453,013 | 1,833,335 | ||||||||||||||||||
Loan | 20 | 16530 Ventura Boulevard | 1.6% | 16530 Ventura Boulevard | Encino | Los Angeles | CA | 91436 | 1980 | 2000 | 157,414 | Sq. Ft. | 137 | L(24), D(91), O(5) | T-12 8/31/2013 | 3,940,934 | 1,878,316 | 2,062,617 | ||||||||||||||||||
Loan | 21 | 149 New Montgomery | 1.5% | 149 New Montgomery Street | San Francisco | San Francisco | CA | 94105 | 1907 | 1999 | 69,004 | Sq. Ft. | 304 | L(26), D(91), O(3) | T-12 8/31/2013 | 2,440,011 | 626,440 | 1,813,571 | ||||||||||||||||||
Loan | 22 | Baton Rouge Office Portfolio Pool 2 | 1.4% | Various | Various | Various | LA | Various | Various | NAP | 279,505 | Sq. Ft. | 70 | L(24), D(32), O(4) | T-4 4/30/2013 Ann. | 4,559,496 | 2,107,131 | 2,452,365 | ||||||||||||||||||
Property | 22.01 | Citiplace One | 0.7% | 2600 Citiplace Court | Baton Rouge | East Baton Rouge | LA | 70808 | 2001 | NAP | 81,484 | Sq. Ft. | 114 | T-4 4/30/2013 Ann. | 1,851,762 | 541,236 | 1,310,526 | |||||||||||||||||||
Property | 22.02 | Latter Center West | 0.5% | 2800 Veterans Boulevard | Metairie | Jefferson Parish | LA | 70002 | 1979 | NAP | 96,677 | Sq. Ft. | 75 | T-4 4/30/2013 Ann. | 1,436,262 | 822,624 | 613,638 | |||||||||||||||||||
Property | 22.03 | Sherwood Oaks | 0.2% | 4300 South Sherwood Forest Boulevard | Baton Rouge | East Baton Rouge | LA | 70816 | 1978 | NAP | 101,344 | Sq. Ft. | 30 | T-4 4/30/2013 Ann. | 1,271,472 | 743,271 | 528,201 | |||||||||||||||||||
Loan | 23 | Albuquerque SSA | 1.2% | 500 Lead Avenue Southwest | Albuquerque | Bernalillo | NM | 87102 | 2001 | NAP | 153,465 | Sq. Ft. | 104 | L(25), D(92), O(3) | ||||||||||||||||||||||
Loan | 24 | La Terraza San Diego | 1.1% | 500 La Terraza Boulevard | Escondido | San Diego | CA | 92025 | 2008 | NAP | 78,477 | Sq. Ft. | 191 | L(25), D(91), O(4) | T-12 9/30/2013 | 1,262,329 | 463,208 | 799,121 | ||||||||||||||||||
Loan | 25 | Perryville Corporate Park | 1.1% | 53 Frontage Road | Hampton | Hunterdon | NJ | 08827 | 1996 | 2004 | 288,280 | Sq. Ft. | 51 | L(26), D(91), O(3) | T-12 6/30/2013 | 3,046,156 | 1,661,777 | 1,384,379 | ||||||||||||||||||
Loan | 26 | West Valley Business Park | 1.0% | 6601 South 190th Street | Kent | King | WA | 98032 | 1982 | NAP | 205,655 | Sq. Ft. | 68 | L(25), D(91), O(4) | T-12 9/30/2013 | 2,319,995 | 1,024,117 | 1,295,878 | ||||||||||||||||||
Loan | 27 | McAllen FBI | 1.0% | 1200 North McColl Road | McAllen | Hidalgo | TX | 78501 | 2002 | NAP | 75,030 | Sq. Ft. | 183 | L(25), D(92), O(3) | ||||||||||||||||||||||
Loan | 28 | ART Florida MF Portfolio | 1.0% | Various | Various | Various | FL | Various | Various | 2013 | 312 | Units | 42,628 | L(24), D(92), O(4) | T-12 10/31/2013 | 2,153,209 | 969,749 | 1,183,460 | ||||||||||||||||||
Property | 28.01 | Holly Ridge | 0.4% | 3215 Southwest 52nd Avenue | Pembroke Park | Broward | FL | 33023 | 1985 | 2013 | 98 | Units | 59,092 | T-12 10/31/2013 | 868,598 | 372,882 | 495,716 | |||||||||||||||||||
Property | 28.02 | Windwood | 0.3% | 1530 Windwood Drive Northeast | Palm Bay | Brevard | FL | 32905 | 1980 | 2013 | 127 | Units | 34,819 | T-12 10/31/2013 | 747,779 | 371,382 | 376,397 | |||||||||||||||||||
Property | 28.03 | Palm Side | 0.2% | 210 Interchange Drive | Palm Bay | Brevard | FL | 32907 | 1986 | 2013 | 87 | Units | 35,483 | T-12 10/31/2013 | 536,832 | 225,485 | 311,347 | |||||||||||||||||||
Loan | 29 | Storage Master Self Storage Portfolio | 0.9% | Various | Various | Various | Various | Various | Various | Various | 2,612 | Units | 4,972 | L(25), D(91), O(4) | T-12 9/30/2013 | 2,237,987 | 796,145 | 1,441,841 | ||||||||||||||||||
Property | 29.01 | Whitesville | 0.3% | 1955 Northside Industrial Boulevard | Columbus | Muscogee | GA | 31904 | 2009 | NAP | 615 | Units | 6,793 | T-12 9/30/2013 | 707,844 | 231,056 | 476,787 | |||||||||||||||||||
Property | 29.02 | Pace | 0.2% | 4636 Woodbine Road | Pace | Santa Rosa | FL | 32571 | 2007 | NAP | 513 | Units | 5,012 | T-12 9/30/2013 | 389,593 | 190,597 | 198,996 | |||||||||||||||||||
Property | 29.03 | Dothan North | 0.1% | 108 Ross Clark Circle | Dothan | Houston | AL | 36303 | 1965 | 1996 | 418 | Units | 4,813 | T-12 9/30/2013 | 375,015 | 117,650 | 257,365 | |||||||||||||||||||
Property | 29.04 | Dothan South | 0.1% | 353 West Inez Road | Dothan | Houston | AL | 36301 | 1982 | 2006 | 405 | Units | 4,285 | T-12 9/30/2013 | 315,003 | 109,525 | 205,478 | |||||||||||||||||||
Property | 29.05 | New Franklin | 0.1% | 1225 New Franklin Road | LaGrange | Troup | GA | 30240 | 1996 | 2005 | 346 | Units | 4,087 | T-12 9/30/2013 | 257,509 | 77,049 | 180,459 | |||||||||||||||||||
Property | 29.06 | Commerce | 0.1% | 901 Hogansville Road | LaGrange | Troup | GA | 30241 | 1982, 1996 | 2006 | 315 | Units | 3,418 | T-12 9/30/2013 | 193,024 | 70,268 | 122,756 | |||||||||||||||||||
Loan | 30 | Roosevelt West Apartments | 0.9% | 215 and 223 East 32nd Street | Williston | Williams | ND | 58801 | 2013 | NAP | 94 | Units | 137,294 | L(25), D(31), O(4) | ||||||||||||||||||||||
Loan | 31 | GRM Miami Indianapolis Portfolio | 0.9% | Various | Various | Various | Various | Various | Various | Various | 485,477 | Sq. Ft. | 26 | L(26), D(27), O(7) | ||||||||||||||||||||||
Property | 31.01 | GRM Indianapolis | 0.4% | 2002 South East Street | Indianapolis | Marion | IN | 46225 | 1907-1986 | NAP | 394,750 | Sq. Ft. | 12 | |||||||||||||||||||||||
Property | 31.02 | GRM Green | 0.3% | 65, 101 and 129 Northeast 23rd Street | Miami | Miami-Dade | FL | 33137 | 1948, 1966 | 2013 | 43,250 | Sq. Ft. | 90 | |||||||||||||||||||||||
Property | 31.03 | GRM Miami | 0.3% | 1849 Northwest 1st Avenue | Miami | Miami-Dade | FL | 33136 | 1963 | NAP | 47,477 | Sq. Ft. | 82 | |||||||||||||||||||||||
Loan | 32 | 510 Main Apartments | 0.9% | 510 Main Street | East Haven | New Haven | CT | 06512 | 1972, 1975 | 2012 | 214 | Units | 56,776 | L(24), D(92), O(4) | T-10 10/31/2013 Ann. | 1,959,395 | 833,417 | 1,125,978 | ||||||||||||||||||
Loan | 33 | North Park Towers | 0.8% | 16500 North Park Drive | Southfield | Oakland | MI | 48075 | 1967 | NAP | 326 | Units | 35,276 | L(24), D(92), O(4) | T-9 9/30/2013 Ann. | 3,903,507 | 2,565,059 | 1,338,448 | ||||||||||||||||||
Loan | 34 | Residence Inn Jacksonville | 0.8% | 10551 Deerwood Park Boulevard | Jacksonville | Duval | FL | 32256 | 1997 | 2011 | 120 | Rooms | 90,000 | L(24), D(92), O(4) | T-12 10/31/2013 | 3,517,048 | 2,241,061 | 1,275,987 | ||||||||||||||||||
Loan | 35 | Hampton Inn Cranberry Township Pittsburgh | 0.7% | 210 Executive Drive | Cranberry | Butler | PA | 16066 | 1985 | 2013 | 117 | Rooms | 84,360 | L(25), D(91), O(4) | T-12 8/31/2013 | 3,893,988 | 2,234,421 | 1,659,567 | ||||||||||||||||||
Loan | 36 | Hampton Inn Pittsburgh Greentree | 0.7% | 555 Trumbull Drive | Pittsburgh | Allegheny | PA | 15205 | 1986 | 2006 | 132 | Rooms | 73,517 | L(25), D(91), O(4) | T-12 8/31/2013 | 4,226,385 | 2,585,432 | 1,640,953 | ||||||||||||||||||
Loan | 37 | Tioga Apartments | 0.7% | 101-213 Seventh Street Southwest | Tioga | Williams | ND | 58852 | 2012-2013 | NAP | 84 | Units | 107,261 | L(26), D(89), O(5) | ||||||||||||||||||||||
Loan | 38 | Hunt Club | 0.7% | 1001 Fuller Wiser Road | Euless | Tarrant | TX | 76039 | 1983 | NAP | 204 | Units | 44,118 | L(24), D(92), O(4) | T-8 8/31/2013 Ann. | 1,805,886 | 964,494 | 841,392 | ||||||||||||||||||
Loan | 39 | Hulen Ridge Shopping Center | 0.6% | 5010-5020 South Hulen Street | Fort Worth | Tarrant | TX | 76132 | 1978, 1991 | 2010 | 103,251 | Sq. Ft. | 82 | L(25), D(90), O(5) | T-12 8/31/2013 | 1,187,270 | 264,882 | 922,388 | ||||||||||||||||||
Loan | 40 | Flint Creek Crossing | 0.6% | 760 West Main Street | Barrington | Cook | IL | 60010 | 2007 | 2013 | 39,556 | Sq. Ft. | 205 | L(24), D(92), O(4) | T-12 9/30/2013 | 736,626 | 399,987 | 336,639 | ||||||||||||||||||
Loan | 41 | USF Gardens | 0.6% | 2002 Colonial Parc Drive | Tampa | Hillsborough | FL | 33612 | 1964, 1968, 1969, 1973 | 2012-2013 | 292 | Units | 26,301 | L(26), D(91), O(3) | T-12 7/31/2013 | 1,980,497 | 1,170,768 | 809,729 | ||||||||||||||||||
Loan | 42 | Chelsea and Manchester Townhomes | 0.5% | Various | Columbus | Franklin | OH | Various | Various | Various | 592 | Units | 12,669 | L(24), DorYM1(92), O(4) | T-12 9/30/2013 | 3,115,057 | 2,407,778 | 707,279 | ||||||||||||||||||
Property | 42.01 | Chelsea Townhomes | 0.3% | 2005 Noe Bixby Road | Columbus | Franklin | OH | 43232 | 1972 | 2012 | 320 | Units | 12,411 | T-12 9/30/2013 | 1,504,008 | 1,199,645 | 304,363 | |||||||||||||||||||
Property | 42.02 | Manchester Townhomes | 0.3% | 1633 Red Robin Road | Columbus | Franklin | OH | 43229 | 1973 | NAP | 272 | Units | 12,972 | T-12 9/30/2013 | 1,611,049 | 1,208,133 | 402,916 | |||||||||||||||||||
Loan | 43 | Residence Inn Manchester | 0.5% | 201 Hale Road | Manchester | Hartford | CT | 06042 | 2000 | NAP | 96 | Rooms | 77,083 | L(24), D(92), O(4) | T-12 10/31/2013 | 3,404,729 | 2,391,700 | 1,013,029 | ||||||||||||||||||
Loan | 44 | Family Dollar Portfolio | 0.5% | Various | Various | Various | Various | Various | Various | NAP | 50,880 | Sq. Ft. | 135 | L(26), D(91), O(3) | ||||||||||||||||||||||
Property | 44.01 | Family Dollar - Riverdale Memphis | 0.1% | 5245 Riverdale Road | Memphis | Shelby | TN | 38141 | 2013 | NAP | 8,320 | Sq. Ft. | 154 | |||||||||||||||||||||||
Property | 44.02 | Family Dollar - Florida | 0.1% | 951 Doyle Road | Deltona | Volusia | FL | 32725 | 2011 | NAP | 9,200 | Sq. Ft. | 137 | |||||||||||||||||||||||
Property | 44.03 | Family Dollar - Jackson Memphis | 0.1% | 1668 Jackson Avenue | Memphis | Shelby | TN | 38107 | 2012 | NAP | 8,400 | Sq. Ft. | 139 | |||||||||||||||||||||||
Property | 44.04 | Family Dollar - Getwell Memphis | 0.1% | 2711 Getwell Road | Memphis | Shelby | TN | 38118 | 2012 | NAP | 8,320 | Sq. Ft. | 140 | |||||||||||||||||||||||
Property | 44.05 | Family Dollar - Whitten Memphis | 0.1% | 1539 Whitten Road | Memphis | Shelby | TN | 38134 | 2013 | NAP | 8,320 | Sq. Ft. | 137 | |||||||||||||||||||||||
Property | 44.06 | Family Dollar - Texas | 0.1% | 304 50th Street | Lubbock | Lubbock | TX | 79404 | 2013 | NAP | 8,320 | Sq. Ft. | 105 | |||||||||||||||||||||||
Loan | 45 | Collins Aire Mobile Home Park | 0.5% | 401 North Timberline Road | Fort Collins | Larimer | CO | 80524 | 1972 | NAP | 328 | Pads | 19,788 | L(25), D(92), O(3) | T-12 9/30/2013 | 1,565,052 | 727,508 | 837,544 | ||||||||||||||||||
Loan | 46 | Fairfield Inn & Suites Boca | 0.4% | 3400 Airport Road | Boca Raton | Palm Beach | FL | 33431 | 2000 | 2013 | 119 | Rooms | 48,752 | L(25), D(91), O(4) | T-12 9/30/2013 | 2,622,681 | 1,851,689 | 770,992 | ||||||||||||||||||
Loan | 47 | Lincoln Springs | 0.4% | 1170 South Chelton Road | Colorado Springs | El Paso | CO | 80910 | 1974 | NAP | 180 | Units | 29,689 | L(25), D(91), O(4) | T-12 7/31/2013 | 1,383,217 | 823,275 | 559,942 | ||||||||||||||||||
Loan | 48 | Morehead Estates | 0.4% | 145 Lois Lane | Morehead | Rowan | KY | 40351 | 1996-2006 | NAP | 110 | Units | 45,557 | L(27), D(90), O(3) | T-12 6/30/2013 | 888,275 | 402,609 | 485,666 | ||||||||||||||||||
Loan | 49 | McKinney Self Storage Portfolio | 0.4% | Various | McKinney | Collin | TX | 75069 | Various | NAP | 838 | Units | 5,906 | L(26), D(90), O(4) | T-12 6/30/2013 | 1,029,605 | 489,134 | 540,471 | ||||||||||||||||||
Property | 49.01 | Allen | 0.2% | 1820 South McDonald Street | McKinney | Collin | TX | 75069 | 1980-2000 | NAP | 466 | Units | 6,503 | T-12 6/30/2013 | 615,425 | 294,267 | 321,158 | |||||||||||||||||||
Property | 49.02 | Safeway | 0.1% | 1442 North Church Street | McKinney | Collin | TX | 75069 | 1973 | NAP | 372 | Units | 5,157 | T-12 6/30/2013 | 414,179 | 194,867 | 219,313 | |||||||||||||||||||
Loan | 50 | White Horse Plaza | 0.3% | 6119 White Horse Road | Greenville | Greenville | SC | 29611 | 1988 | 2008 | 159,836 | Sq. Ft. | 28 | L(24), D(93), O(3) | T-12 9/30/2013 | 787,461 | 266,121 | 521,340 | ||||||||||||||||||
Loan | 51 | Dakota Apartments B (Stanley, ND) | 0.3% | 25 7th Avenue Southwest | Stanley | Mountrail | ND | 58784 | 2012 | NAP | 32 | Units | 124,243 | L(25), D(91), O(4) | T-12 9/30/2013 | 622,410 | 91,573 | 530,837 | ||||||||||||||||||
Loan | 52 | Walgreens - N. Muskegon | 0.3% | 1771 Holton Road | Muskegon | Muskegon | MI | 49445 | 2003 | NAP | 14,560 | Sq. Ft. | 263 | L(27), D(90), O(3) | ||||||||||||||||||||||
Loan | 53 | Fairfield Beloit | 0.3% | 2784 Milwaukee Road | Beloit | Rock | WI | 53511 | 1996 | 2012 | 94 | Rooms | 39,655 | L(36), D(21), O(3) | T-10 10/31/2013 | 1,628,440 | 1,158,055 | 470,385 | ||||||||||||||||||
Loan | 54 | Skyridge Apartments | 0.3% | 107 Skyridge Drive | Woodstock | Cherokee | GA | 30188 | 1986 | NAP | 120 | Units | 29,752 | L(25), D(31), O(4) | T-12 9/30/2013 | 823,537 | 386,420 | 437,117 | ||||||||||||||||||
Loan | 55 | Walgreens - Livonia | 0.2% | 29370 Plymouth Road | Livonia | Wayne | MI | 48150 | 2003 | NAP | 13,650 | Sq. Ft. | 249 | L(27), D(90), O(3) | ||||||||||||||||||||||
Loan | 56 | Cree Commons (Knife River) | 0.2% | 2209 27th Avenue West | Williston | Williams | ND | 58801 | 2012 | NAP | 24 | Units | 117,795 | L(26), D(90), O(4) | ||||||||||||||||||||||
Loan | 57 | Woodcliff Apartments | 0.2% | 100 Woodcliff Drive | Lilburn | Gwinnett | GA | 30047 | 1984-1985 | NAP | 143 | Units | 19,539 | L(25), D(31), O(4) | T-12 9/30/2013 | 846,030 | 614,459 | 231,571 | ||||||||||||||||||
Loan | 58 | Storage Pros Grandville | 0.2% | 2940 44th Street Southwest | Grandville | Kent | MI | 49418 | 1989 | 2005 | 404 | Units | 6,275 | L(24), D(93), O(3) | T-12 9/30/2013 | 462,522 | 281,232 | 181,290 | ||||||||||||||||||
Loan | 59 | Meadowood Apartments | 0.2% | 209 Meadowood Commons Drive | Norcross | Gwinnett | GA | 30071 | 1982, 1984 | NAP | 112 | Units | 19,403 | L(25), D(31), O(4) | T-12 9/30/2013 | 671,160 | 589,137 | 82,023 |
A-1-3
COMM 2014-CCRE14 | ||||||||||||||||||||||||||||||||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||||||||||||||||||||||||||||||||
% of | ||||||||||||||||||||||||||||||||||||||||
Property | Initial Pool | 2012 Operating | 2012 | 2012 | 2012 | 2011 Operating | 2011 | 2011 | 2011 | Underwritten NOI | Underwritten NCF | Underwritten | Underwritten | Underwritten | Underwritten | Underwritten | Underwritten | Underwritten | ||||||||||||||||||||||
Flag | ID | Property Name | Balance | Statements Date | EGI($) | Expenses($) | NOI($) | Statements Date | EGI($) | Expenses($) | NOI($) | Debt Yield(11) | Debt Yield(11) | Revenue($) | EGI($) | Expenses($) | NOI ($) | Reserves($) | TI/LC($) | NCF ($) | ||||||||||||||||||||
Loan | 1 | Google and Amazon Office Portfolio(25)(26) | 11.3% | 9.0% | 8.9% | 41,853,110 | 48,402,604 | 7,731,477 | 40,671,127 | 211,562 | 40,459,566 | |||||||||||||||||||||||||||||
Property | 1.01 | Technology Corners | 7.2% | |||||||||||||||||||||||||||||||||||||
Property | 1.02 | Moffett Towers Building D | 4.0% | |||||||||||||||||||||||||||||||||||||
Loan | 2 | 60 Hudson Street(25) | 11.3% | 12/31/2012 | 72,306,152 | 34,106,447 | 38,199,705 | 12/31/2011 | 73,773,030 | 35,532,414 | 38,240,617 | 19.3% | 18.4% | 82,437,370 | 87,761,118 | 33,732,823 | 54,028,294 | 274,684 | 2,300,260 | 51,453,350 | ||||||||||||||||||||
Loan | 3 | 625 Madison Avenue(25)(26) | 8.0% | 12/31/2012 | 4,612,500 | 4,612,500 | 12/31/2011 | 4,612,500 | 4,612,500 | 2.4% | 2.4% | 4,612,500 | 4,612,500 | 4,612,500 | 4,612,500 | |||||||||||||||||||||||||
Loan | 4 | Saint Louis Galleria(25) | 6.9% | 12/31/2012 | 32,857,091 | 11,220,015 | 21,637,075 | 12/31/2011 | 29,749,343 | 11,298,171 | 18,451,171 | 12.7% | 12.3% | 23,468,123 | 36,327,725 | 11,594,416 | 24,733,308 | 93,314 | 726,294 | 23,913,700 | ||||||||||||||||||||
Loan | 5 | Highland Hills Apartments | 4.0% | 12/31/2012 | 8,508,434 | 3,276,842 | 5,231,592 | 12/31/2011 | 8,297,338 | 3,444,081 | 4,853,257 | 10.5% | 9.9% | 9,097,488 | 8,830,522 | 3,094,855 | 5,735,667 | 293,230 | 5,442,437 | |||||||||||||||||||||
Loan | 6 | City Square(26) | 3.4% | 12/31/2012 | 6,537,992 | 2,960,970 | 3,577,022 | 12/31/2011 | 7,012,495 | 3,124,785 | 3,887,710 | 10.3% | 9.7% | 8,242,189 | 7,787,405 | 2,916,259 | 4,871,146 | 97,497 | 163,733 | 4,609,917 | ||||||||||||||||||||
Loan | 7 | Dallas FBI | 3.0% | 12/31/2012 | 6,013,601 | 1,998,428 | 4,015,173 | 12/31/2011 | 5,941,029 | 2,044,680 | 3,896,349 | 9.4% | 9.3% | 6,043,702 | 5,862,391 | 1,962,575 | 3,899,817 | 33,926 | 3,865,890 | |||||||||||||||||||||
Loan | 8 | 175 West Jackson(25) | 2.9% | 12/31/2012 | 50,724,129 | 20,631,591 | 30,092,538 | 12/31/2011 | 53,454,392 | 20,914,111 | 32,540,281 | 10.6% | 9.4% | 50,211,569 | 51,741,773 | 22,199,010 | 29,542,763 | 435,717 | 2,850,830 | 26,256,216 | ||||||||||||||||||||
Loan | 9 | Miraval Resort & Spa | 2.6% | 12/31/2012 | 29,472,817 | 24,979,062 | 4,493,755 | 12/31/2011 | 27,259,645 | 24,996,456 | 2,263,189 | 18.4% | 14.7% | 10,940,632 | 33,520,879 | 26,888,833 | 6,632,046 | 1,340,835 | 5,291,211 | |||||||||||||||||||||
Loan | 10 | Bedford and Victoria Multifamily Portfolio | 2.4% | 12/31/2012 | 6,630,074 | 3,579,789 | 3,050,285 | 12/31/2011 | 6,435,623 | 3,485,426 | 2,950,197 | 9.3% | 8.7% | 7,651,950 | 7,320,787 | 4,262,552 | 3,058,235 | 183,226 | 2,875,009 | |||||||||||||||||||||
Property | 10.01 | Bedford Station Apartments | 2.0% | 12/31/2012 | 5,475,576 | 2,967,009 | 2,508,567 | 12/31/2011 | 5,313,655 | 2,912,124 | 2,401,531 | 6,408,882 | 6,140,145 | 3,546,530 | 2,593,615 | 152,118 | 2,441,497 | |||||||||||||||||||||||
Property | 10.02 | Victoria Station Apartments | 0.4% | 12/31/2012 | 1,154,498 | 612,780 | 541,718 | 12/31/2011 | 1,121,968 | 573,302 | 548,666 | 1,243,068 | 1,180,642 | 716,021 | 464,620 | 31,108 | 433,512 | |||||||||||||||||||||||
Loan | 11 | Kalahari Resort and Convention Center(25) | 2.2% | 12/31/2012 | 80,579,613 | 53,362,054 | 27,217,560 | 12/31/2011 | 75,886,371 | 50,875,916 | 25,010,456 | 17.9% | 15.4% | 45,765,487 | 81,082,252 | 57,935,045 | 23,147,207 | 3,207,677 | 19,939,530 | |||||||||||||||||||||
Loan | 12 | Shaner Hotel Portfolio II | 2.1% | 12/31/2012 | 11,799,584 | 7,766,465 | 4,033,119 | 12/31/2011 | 11,811,757 | 7,870,469 | 3,941,288 | 12.5% | 10.8% | 11,658,414 | 11,808,093 | 8,161,695 | 3,646,398 | 472,324 | 3,174,074 | |||||||||||||||||||||
Property | 12.01 | Holiday Inn Express State College | 0.5% | 12/31/2012 | 2,970,900 | 2,004,391 | 966,508 | 12/31/2011 | 3,016,607 | 2,143,951 | 872,656 | 3,009,039 | 3,036,996 | 2,144,592 | 892,404 | 121,480 | 770,924 | |||||||||||||||||||||||
Property | 12.02 | Fairfield Inn State College | 0.5% | 12/31/2012 | 2,201,546 | 1,400,002 | 801,544 | 12/31/2011 | 2,192,199 | 1,418,933 | 773,266 | 2,186,304 | 2,200,591 | 1,473,237 | 727,355 | 88,024 | 639,331 | |||||||||||||||||||||||
Property | 12.03 | Hampton Inn State College | 0.4% | 12/31/2012 | 2,282,198 | 1,387,106 | 895,092 | 12/31/2011 | 2,270,334 | 1,371,704 | 898,630 | 2,158,947 | 2,195,130 | 1,457,163 | 737,967 | 87,805 | 650,162 | |||||||||||||||||||||||
Property | 12.04 | SpringHill Suites State College | 0.4% | 12/31/2012 | 2,210,663 | 1,514,233 | 696,430 | 12/31/2011 | 2,322,996 | 1,486,006 | 836,990 | 2,198,989 | 2,230,123 | 1,562,600 | 667,522 | 89,205 | 578,318 | |||||||||||||||||||||||
Property | 12.05 | Fairfield Inn Jacksonville | 0.3% | 12/31/2012 | 2,134,277 | 1,460,732 | 673,545 | 12/31/2011 | 2,009,621 | 1,449,876 | 559,745 | 2,105,134 | 2,145,253 | 1,524,104 | 621,150 | 85,810 | 535,339 | |||||||||||||||||||||||
Loan | 13 | McKinley Mall(25) | 2.0% | 12/31/2012 | 10,349,104 | 5,478,753 | 4,870,351 | 12/31/2011 | 10,163,929 | 5,408,418 | 4,755,511 | 11.7% | 10.4% | 10,483,942 | 9,932,182 | 5,484,044 | 4,448,138 | 145,632 | 364,067 | 3,938,439 | ||||||||||||||||||||
Loan | 14 | Carlisle Commons | 2.0% | 12/31/2012 | 4,231,268 | 1,267,674 | 2,963,594 | 12/31/2011 | 4,258,826 | 1,249,344 | 3,009,482 | 10.0% | 9.2% | 3,653,904 | 4,071,564 | 1,280,363 | 2,791,201 | 38,738 | 182,078 | 2,570,385 | ||||||||||||||||||||
Loan | 15 | Indigo Palms Multifamily | 2.0% | 12/31/2012 | 3,789,924 | 1,505,733 | 2,284,191 | 12/31/2011 | 3,703,018 | 1,705,104 | 1,997,914 | 8.8% | 8.3% | 4,923,911 | 4,102,357 | 1,646,139 | 2,456,217 | 129,600 | 2,326,617 | |||||||||||||||||||||
Loan | 16 | Metro Shops at PG Station | 2.0% | 12/31/2012 | 3,224,525 | 1,425,232 | 1,799,293 | 12/31/2011 | 2,678,101 | 1,530,580 | 1,147,521 | 9.1% | 8.4% | 3,730,035 | 3,930,776 | 1,432,215 | 2,498,562 | 32,125 | 160,626 | 2,305,810 | ||||||||||||||||||||
Loan | 17 | Capital Crossing(26) | 1.9% | 12/31/2012 | 4,092,350 | 2,180,971 | 1,911,379 | 12/31/2011 | 3,696,338 | 2,047,139 | 1,649,199 | 8.7% | 8.5% | 4,534,020 | 4,226,314 | 2,104,456 | 2,121,859 | 35,900 | 2,085,959 | |||||||||||||||||||||
Loan | 18 | West Palm Portfolio | 1.8% | 10.0% | 9.4% | 3,904,452 | 3,853,796 | 1,362,165 | 2,491,631 | 138,026 | 2,353,605 | |||||||||||||||||||||||||||||
Property | 18.01 | Greengate Apartments | 0.5% | 1,039,392 | 1,058,509 | 429,588 | 628,921 | 37,961 | 590,960 | |||||||||||||||||||||||||||||||
Property | 18.02 | Elmwood Apartments | 0.4% | 945,564 | 886,283 | 287,214 | 599,070 | 32,844 | 566,226 | |||||||||||||||||||||||||||||||
Property | 18.03 | Ambergate Apartments | 0.3% | 626,736 | 631,806 | 228,029 | 403,777 | 24,336 | 379,441 | |||||||||||||||||||||||||||||||
Property | 18.04 | Suntree Apartments | 0.3% | 641,976 | 651,693 | 214,111 | 437,582 | 18,693 | 418,889 | |||||||||||||||||||||||||||||||
Property | 18.05 | Springtree Apartments | 0.3% | 650,784 | 625,505 | 203,224 | 422,281 | 24,192 | 398,089 | |||||||||||||||||||||||||||||||
Loan | 19 | Alta Vista Ridge(26) | 1.6% | 12/31/2012 | 3,033,893 | 1,454,969 | 1,578,924 | 12/31/2011 | 2,900,183 | 1,380,143 | 1,520,040 | 8.4% | 8.1% | 3,519,072 | 3,288,748 | 1,425,469 | 1,863,279 | 54,000 | 1,809,279 | |||||||||||||||||||||
Loan | 20 | 16530 Ventura Boulevard | 1.6% | 12/31/2012 | 3,839,559 | 1,835,244 | 2,004,315 | 12/31/2011 | 3,670,623 | 1,711,522 | 1,959,101 | 9.5% | 8.4% | 4,172,983 | 4,019,292 | 1,982,301 | 2,036,991 | 31,483 | 196,768 | 1,808,740 | ||||||||||||||||||||
Loan | 21 | 149 New Montgomery | 1.5% | 12/31/2012 | 2,314,028 | 630,090 | 1,683,938 | 12/31/2011 | 2,276,426 | 621,381 | 1,655,045 | 8.5% | 8.3% | 2,526,420 | 2,494,041 | 718,889 | 1,775,152 | 6,900 | 34,502 | 1,733,750 | ||||||||||||||||||||
Loan | 22 | Baton Rouge Office Portfolio Pool 2 | 1.4% | 12/31/2012 | 4,502,992 | 1,831,984 | 2,671,008 | 12/31/2011 | 4,661,494 | 1,766,825 | 2,894,669 | 13.5% | 12.4% | 5,213,194 | 4,574,444 | 1,929,364 | 2,645,080 | 56,676 | 160,269 | 2,428,135 | ||||||||||||||||||||
Property | 22.01 | Citiplace One | 0.7% | 12/31/2012 | 1,789,394 | 520,756 | 1,268,638 | 12/31/2011 | 1,943,554 | 538,486 | 1,405,069 | 1,924,654 | 1,764,497 | 538,677 | 1,225,820 | 17,062 | 63,367 | 1,145,391 | ||||||||||||||||||||||
Property | 22.02 | Latter Center West | 0.5% | 12/31/2012 | 1,528,141 | 752,748 | 775,393 | 12/31/2011 | 1,522,417 | 716,520 | 805,897 | 1,796,286 | 1,585,115 | 777,189 | 807,926 | 19,345 | 50,951 | 737,630 | ||||||||||||||||||||||
Property | 22.03 | Sherwood Oaks | 0.2% | 12/31/2012 | 1,185,457 | 558,480 | 626,977 | 12/31/2011 | 1,195,522 | 511,820 | 683,703 | 1,492,254 | 1,224,832 | 613,498 | 611,333 | 20,269 | 45,951 | 545,113 | ||||||||||||||||||||||
Loan | 23 | Albuquerque SSA | 1.2% | 12/31/2012 | 2,767,870 | 1,153,062 | 1,614,808 | 12/31/2011 | 2,739,152 | 1,107,190 | 1,631,962 | 9.7% | 9.6% | 2,541,093 | 2,699,170 | 1,147,602 | 1,551,567 | 22,786 | 1,528,781 | |||||||||||||||||||||
Loan | 24 | La Terraza San Diego | 1.1% | 12/31/2012 | 1,145,029 | 400,548 | 744,481 | 11.1% | 10.3% | 2,478,298 | 2,330,808 | 668,909 | 1,661,899 | 15,695 | 108,677 | 1,537,527 | ||||||||||||||||||||||||
Loan | 25 | Perryville Corporate Park | 1.1% | 12/31/2012 | 2,967,594 | 1,624,814 | 1,342,780 | 12/31/2011 | 2,864,328 | 1,640,621 | 1,223,707 | 11.7% | 10.1% | 3,897,479 | 3,377,874 | 1,667,624 | 1,710,250 | 46,125 | 185,019 | 1,479,106 | ||||||||||||||||||||
Loan | 26 | West Valley Business Park | 1.0% | 12/31/2012 | 2,229,508 | 1,006,599 | 1,222,908 | 12/31/2011 | 2,297,668 | 1,055,211 | 1,242,458 | 10.6% | 9.9% | 2,343,958 | 2,547,112 | 1,061,731 | 1,485,381 | 41,131 | 64,831 | 1,379,419 | ||||||||||||||||||||
Loan | 27 | McAllen FBI | 1.0% | 12/31/2012 | 2,264,886 | 830,950 | 1,433,936 | 12/31/2011 | 2,235,933 | 838,432 | 1,397,501 | 10.0% | 9.9% | 2,072,554 | 2,205,469 | 833,130 | 1,372,339 | 11,255 | 1,361,085 | |||||||||||||||||||||
Loan | 28 | ART Florida MF Portfolio | 1.0% | 12/31/2012 | 1,930,441 | 1,004,885 | 925,556 | 9.3% | 8.6% | 2,206,558 | 2,245,076 | 1,001,965 | 1,243,111 | 93,900 | 1,149,211 | |||||||||||||||||||||||||
Property | 28.01 | Holly Ridge | 0.4% | 12/31/2012 | 776,159 | 405,313 | 370,846 | 907,292 | 888,046 | 396,956 | 491,090 | 29,400 | 461,690 | |||||||||||||||||||||||||||
Property | 28.02 | Windwood | 0.3% | 12/31/2012 | 640,491 | 366,185 | 274,306 | 765,230 | 805,528 | 376,349 | 429,179 | 38,400 | 390,779 | |||||||||||||||||||||||||||
Property | 28.03 | Palm Side | 0.2% | 12/31/2012 | 513,791 | 233,388 | 280,403 | 534,036 | 551,502 | 228,660 | 322,842 | 26,100 | 296,742 | |||||||||||||||||||||||||||
Loan | 29 | Storage Master Self Storage Portfolio | 0.9% | 12/31/2012 | 2,117,194 | 750,214 | 1,366,980 | 12/31/2011 | 1,977,897 | 718,812 | 1,259,086 | 10.2% | 10.0% | 1,978,702 | 2,237,987 | 908,045 | 1,329,942 | 34,774 | 1,295,169 | |||||||||||||||||||||
Property | 29.01 | Whitesville | 0.3% | 12/31/2012 | 651,723 | 222,437 | 429,287 | 12/31/2011 | 552,545 | 202,400 | 350,145 | 706,367 | 707,844 | 266,449 | 441,395 | 8,222 | 433,173 | |||||||||||||||||||||||
Property | 29.02 | Pace | 0.2% | 12/31/2012 | 352,171 | 167,717 | 184,454 | 12/31/2011 | 350,727 | 159,693 | 191,034 | 277,832 | 389,593 | 210,077 | 179,516 | 7,783 | 171,734 | |||||||||||||||||||||||
Property | 29.03 | Dothan North | 0.1% | 12/31/2012 | 361,343 | 111,805 | 249,538 | 12/31/2011 | 368,735 | 114,465 | 254,270 | 297,385 | 375,015 | 136,400 | 238,614 | 5,542 | 233,072 | |||||||||||||||||||||||
Property | 29.04 | Dothan South | 0.1% | 12/31/2012 | 303,151 | 106,797 | 196,354 | 12/31/2011 | 294,051 | 104,935 | 189,116 | 280,704 | 315,003 | 125,275 | 189,728 | 5,549 | 184,179 | |||||||||||||||||||||||
Property | 29.05 | New Franklin | 0.1% | 12/31/2012 | 261,580 | 80,501 | 181,079 | 12/31/2011 | 242,186 | 80,157 | 162,029 | 244,693 | 257,509 | 89,925 | 167,584 | 4,165 | 163,419 | |||||||||||||||||||||||
Property | 29.06 | Commerce | 0.1% | 12/31/2012 | 187,226 | 60,957 | 126,268 | 12/31/2011 | 169,654 | 57,162 | 112,492 | 171,721 | 193,024 | 79,919 | 113,104 | 3,513 | 109,592 | |||||||||||||||||||||||
Loan | 30 | Roosevelt West Apartments | 0.9% | 18.2% | 18.0% | 3,094,800 | 2,924,586 | 576,989 | 2,347,597 | 28,200 | 2,319,397 | |||||||||||||||||||||||||||||
Loan | 31 | GRM Miami Indianapolis Portfolio | 0.9% | 11.8% | 10.0% | 1,696,410 | 2,071,776 | 582,327 | 1,489,448 | 104,089 | 121,324 | 1,264,035 | ||||||||||||||||||||||||||||
Property | 31.01 | GRM Indianapolis | 0.4% | 789,140 | 911,834 | 232,249 | 679,585 | 83,528 | 98,641 | 497,417 | ||||||||||||||||||||||||||||||
Property | 31.02 | GRM Green | 0.3% | 432,500 | 544,434 | 151,100 | 393,333 | 8,218 | 10,813 | 374,303 | ||||||||||||||||||||||||||||||
Property | 31.03 | GRM Miami | 0.3% | 474,770 | 615,508 | 198,978 | 416,530 | 12,344 | 11,869 | 392,317 | ||||||||||||||||||||||||||||||
Loan | 32 | 510 Main Apartments | 0.9% | 12/31/2012 | 1,626,007 | 850,638 | 775,369 | 12/31/2011 | 1,389,145 | 572,052 | 817,093 | 9.0% | 8.3% | 2,052,780 | 1,966,658 | 877,396 | 1,089,262 | 81,748 | 1,007,514 | |||||||||||||||||||||
Loan | 33 | North Park Towers | 0.8% | 12/31/2012 | 3,725,943 | 2,561,550 | 1,164,393 | 12/31/2011 | 3,837,186 | 2,632,660 | 1,204,526 | 11.0% | 9.9% | 3,790,908 | 3,869,442 | 2,609,164 | 1,260,278 | 120,505 | 1,139,773 | |||||||||||||||||||||
Loan | 34 | Residence Inn Jacksonville | 0.8% | 12/31/2012 | 3,357,110 | 2,170,005 | 1,187,105 | 12/31/2011 | 2,908,791 | 1,948,222 | 960,569 | 12.0% | 10.7% | 3,440,013 | 3,517,048 | 2,220,253 | 1,296,795 | 140,682 | 1,156,113 | |||||||||||||||||||||
Loan | 35 | Hampton Inn Cranberry Township Pittsburgh | 0.7% | 12/31/2012 | 4,146,646 | 2,282,353 | 1,864,293 | 12/31/2011 | 4,171,628 | 2,282,823 | 1,888,805 | 16.4% | 14.8% | 3,885,976 | 3,893,988 | 2,273,361 | 1,620,627 | 155,760 | 1,464,868 | |||||||||||||||||||||
Loan | 36 | Hampton Inn Pittsburgh Greentree | 0.7% | 12/31/2012 | 4,104,425 | 2,511,652 | 1,592,773 | 12/31/2011 | 4,031,214 | 2,439,899 | 1,591,315 | 16.5% | 14.7% | 4,218,524 | 4,226,385 | 2,627,695 | 1,598,690 | 169,055 | 1,429,634 | |||||||||||||||||||||
Loan | 37 | Tioga Apartments | 0.7% | 20.7% | 20.4% | 2,554,080 | 2,426,376 | 562,819 | 1,863,557 | 25,200 | 1,838,357 | |||||||||||||||||||||||||||||
Loan | 38 | Hunt Club | 0.7% | 12/31/2012 | 1,684,726 | 935,556 | 749,170 | 12/31/2011 | 1,470,964 | 769,259 | 701,705 | 9.6% | 8.9% | 1,818,156 | 1,834,045 | 971,157 | 862,888 | 62,478 | 800,410 | |||||||||||||||||||||
Loan | 39 | Hulen Ridge Shopping Center | 0.6% | 12/31/2012 | 1,169,747 | 275,005 | 894,742 | 12/31/2011 | 1,146,682 | 267,365 | 879,317 | 9.8% | 9.1% | 923,339 | 1,135,473 | 305,096 | 830,377 | 15,488 | 46,325 | 768,565 | ||||||||||||||||||||
Loan | 40 | Flint Creek Crossing | 0.6% | 12/31/2012 | 762,507 | 366,364 | 396,143 | 12/31/2011 | 936,050 | 559,318 | 376,732 | 9.8% | 9.4% | 941,145 | 1,220,378 | 425,569 | 794,809 | 5,933 | 29,667 | 759,209 | ||||||||||||||||||||
Loan | 41 | USF Gardens | 0.6% | 12/31/2012 | 1,384,575 | 968,613 | 415,962 | 11.3% | 10.3% | 2,298,876 | 2,115,343 | 1,249,261 | 866,082 | 73,000 | 793,082 | |||||||||||||||||||||||||
Loan | 42 | Chelsea and Manchester Townhomes | 0.5% | 10.5% | 8.1% | 3,973,035 | 3,289,838 | 2,501,819 | 788,019 | 182,515 | 605,505 | |||||||||||||||||||||||||||||
Property | 42.01 | Chelsea Townhomes | 0.3% | 2,191,988 | 1,662,526 | 1,319,913 | 342,613 | 96,778 | 245,835 | |||||||||||||||||||||||||||||||
Property | 42.02 | Manchester Townhomes | 0.3% | 1,781,047 | 1,627,312 | 1,181,905 | 445,406 | 85,737 | 359,669 | |||||||||||||||||||||||||||||||
Loan | 43 | Residence Inn Manchester | 0.5% | 12/31/2012 | 3,261,420 | 2,329,496 | 931,924 | 12/31/2011 | 3,293,743 | 2,271,557 | 1,022,186 | 13.8% | 11.5% | 3,309,095 | 3,404,729 | 2,386,379 | 1,018,351 | 170,236 | 848,114 | |||||||||||||||||||||
Loan | 44 | Family Dollar Portfolio | 0.5% | 9.8% | 9.6% | 734,521 | 697,795 | 20,934 | 676,861 | 15,264 | 661,597 | |||||||||||||||||||||||||||||
Property | 44.01 | Family Dollar - Riverdale Memphis | 0.1% | 134,400 | 127,680 | 3,830 | 123,850 | 2,496 | 121,354 | |||||||||||||||||||||||||||||||
Property | 44.02 | Family Dollar - Florida | 0.1% | 132,709 | 126,074 | 3,782 | 122,291 | 2,760 | 119,531 | |||||||||||||||||||||||||||||||
Property | 44.03 | Family Dollar - Jackson Memphis | 0.1% | 130,300 | 123,785 | 3,714 | 120,072 | 2,520 | 117,552 | |||||||||||||||||||||||||||||||
Property | 44.04 | Family Dollar - Getwell Memphis | 0.1% | 129,400 | 122,930 | 3,688 | 119,242 | 2,496 | 116,746 | |||||||||||||||||||||||||||||||
Property | 44.05 | Family Dollar - Whitten Memphis | 0.1% | 119,300 | 113,335 | 3,400 | 109,935 | 2,496 | 107,439 | |||||||||||||||||||||||||||||||
Property | 44.06 | Family Dollar - Texas | 0.1% | 88,412 | 83,991 | 2,520 | 81,472 | 2,496 | 78,976 | |||||||||||||||||||||||||||||||
Loan | 45 | Collins Aire Mobile Home Park | 0.5% | 12/31/2012 | 1,489,136 | 587,839 | 901,297 | 12/31/2011 | 1,438,649 | 570,407 | 868,242 | 13.8% | 13.3% | 1,746,991 | 1,517,936 | 624,181 | 893,755 | 27,880 | 865,875 | |||||||||||||||||||||
Loan | 46 | Fairfield Inn & Suites Boca | 0.4% | 12/31/2012 | 2,458,041 | 1,730,177 | 727,864 | 12/31/2011 | 2,246,542 | 1,720,604 | 525,938 | 13.8% | 12.0% | 2,735,690 | 2,748,462 | 1,944,981 | 803,481 | 109,938 | 693,543 | |||||||||||||||||||||
Loan | 47 | Lincoln Springs | 0.4% | 12/31/2012 | 1,360,769 | 758,856 | 601,913 | 12/31/2011 | 1,304,858 | 772,513 | 532,345 | 11.0% | 10.0% | 1,239,432 | 1,410,712 | 821,960 | 588,752 | 54,000 | 534,752 | |||||||||||||||||||||
Loan | 48 | Morehead Estates | 0.4% | 12/31/2012 | 847,852 | 353,232 | 494,620 | 12/31/2011 | 787,469 | 285,073 | 502,396 | 9.1% | 8.5% | 831,644 | 860,701 | 405,553 | 455,148 | 27,500 | 427,648 | |||||||||||||||||||||
Loan | 49 | McKinney Self Storage Portfolio | 0.4% | 12/31/2012 | 970,856 | 476,864 | 493,992 | 12/31/2011 | 697,101 | 301,886 | 395,215 | 10.9% | 10.5% | 1,332,034 | 1,029,604 | 489,046 | 540,558 | 21,039 | 519,519 | |||||||||||||||||||||
Property | 49.01 | Allen | 0.2% | 12/31/2012 | 590,166 | 290,627 | 299,539 | 12/31/2011 | 561,369 | 229,694 | 331,675 | 817,394 | 615,425 | 294,246 | 321,179 | 12,776 | 308,404 | |||||||||||||||||||||||
Property | 49.02 | Safeway | 0.1% | 12/31/2012 | 380,690 | 186,237 | 194,453 | 12/31/2011 | 135,732 | 72,193 | 63,540 | 514,640 | 414,179 | 194,801 | 219,378 | 8,263 | 211,115 | |||||||||||||||||||||||
Loan | 50 | White Horse Plaza | 0.3% | 12/31/2012 | 732,139 | 238,067 | 494,072 | 12/31/2011 | 682,691 | 347,039 | 335,652 | 13.3% | 11.2% | 917,140 | 852,109 | 254,641 | 597,468 | 31,967 | 62,021 | 503,480 | ||||||||||||||||||||
Loan | 51 | Dakota Apartments B (Stanley, ND) | 0.3% | 15.9% | 15.6% | 828,000 | 778,320 | 147,614 | 630,706 | 9,600 | 621,106 | |||||||||||||||||||||||||||||
Loan | 52 | Walgreens - N. Muskegon | 0.3% | 12/31/2012 | 369,000 | 2,996 | 366,004 | 12/31/2011 | 369,000 | 3,231 | 365,769 | 9.1% | 9.1% | 369,000 | 357,930 | 8,876 | 349,054 | 728 | 348,326 | |||||||||||||||||||||
Loan | 53 | Fairfield Beloit | 0.3% | 12/31/2012 | 1,969,911 | 1,383,655 | 586,256 | 12/31/2011 | 1,781,724 | 1,262,041 | 519,683 | 14.3% | 12.3% | 1,838,601 | 1,851,000 | 1,318,548 | 532,452 | 74,040 | 458,412 | |||||||||||||||||||||
Loan | 54 | Skyridge Apartments | 0.3% | 11.7% | 10.8% | 838,533 | 833,265 | 416,743 | 416,522 | 30,000 | 386,522 | |||||||||||||||||||||||||||||
Loan | 55 | Walgreens - Livonia | 0.2% | 12/31/2012 | 400,000 | 3,196 | 396,804 | 12/31/2011 | 400,000 | 3,512 | 396,488 | 10.6% | 10.1% | 400,000 | 368,000 | 6,876 | 361,124 | 2,730 | 15,246 | 343,148 | ||||||||||||||||||||
Loan | 56 | Cree Commons (Knife River) | 0.2% | 22.9% | 22.6% | 806,400 | 766,080 | 119,334 | 646,746 | 7,200 | 639,546 | |||||||||||||||||||||||||||||
Loan | 57 | Woodcliff Apartments | 0.2% | 12.1% | 10.8% | 924,264 | 872,785 | 535,782 | 337,003 | 35,750 | 301,253 | |||||||||||||||||||||||||||||
Loan | 58 | Storage Pros Grandville | 0.2% | 12/31/2012 | 425,618 | 279,212 | 146,406 | 12/31/2011 | 417,550 | 279,058 | 138,492 | 10.2% | 9.7% | 657,293 | 492,970 | 235,374 | 257,596 | 11,045 | 246,551 | |||||||||||||||||||||
Loan | 59 | Meadowood Apartments | 0.2% | 14.1% | 12.8% | 700,908 | 722,139 | 415,619 | 306,520 | 28,000 | 278,520 |
A-1-4
COMM 2014-CCRE14 | ||||||||||||||||||||||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||||||||||||||||||||||
% of | ||||||||||||||||||||||||||||||
Property | Initial Pool | Ownership | Ground Lease | Ground Lease | Lease | Lease | Lease | |||||||||||||||||||||||
Flag | ID | Property Name | Balance | Interest | Expiration(14) | Extension Terms(14) | Largest Tenant(15)(17)(18)(19) | SF | Expiration(16) | 2nd Largest Tenant | SF | Expiration(16) | 3rd Largest Tenant(18) | SF | Expiration(16) | |||||||||||||||
Loan | 1 | Google and Amazon Office Portfolio(25)(26) | 11.3% | Fee Simple | ||||||||||||||||||||||||||
Property | 1.01 | Technology Corners | 7.2% | Fee Simple | 700,328 | 09/30/2024 | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||
Property | 1.02 | Moffett Towers Building D | 4.0% | Fee Simple | Amazon | 357,481 | 02/29/2024 | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 2 | 60 Hudson Street(25) | 11.3% | Fee Simple | DataGryd | 165,985 | 09/30/2032 | Verizon/MCI Communications Services | 125,456 | 12/31/2014 | Sprint Communications | 96,826 | 12/31/2022 | |||||||||||||||||
Loan | 3 | 625 Madison Avenue(25)(26) | 8.0% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 4 | Saint Louis Galleria(25) | 6.9% | Fee Simple | Blackfinn American Grille | 20,207 | 01/31/2022 | Galleria 6 Cinemas | 19,624 | 08/31/2023 | H&M | 12,913 | 01/31/2016 | |||||||||||||||||
Loan | 5 | Highland Hills Apartments | 4.0% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 6 | City Square(26) | 3.4% | Fee Simple | Ace Parking Management, Inc. | NAP | 11/30/2023 | Chevron | 34,592 | 06/30/2022 | Langan Engineering & Environmental Services | 8,808 | 08/31/2016 | |||||||||||||||||
Loan | 7 | Dallas FBI | 3.0% | Fee Simple | GSA - FBI Field Office | 226,175 | 10/10/2022 | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 8 | 175 West Jackson(25) | 2.9% | Fee Simple | Classified Ventures, LLC | 140,378 | 06/30/2017 | Grant Thornton | 133,724 | 10/31/2015 | TWG Holdings, Inc. | 132,621 | 04/30/2022 | |||||||||||||||||
Loan | 9 | Miraval Resort & Spa | 2.6% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 10 | Bedford and Victoria Multifamily Portfolio | 2.4% | Fee Simple | ||||||||||||||||||||||||||
Property | 10.01 | Bedford Station Apartments | 2.0% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Property | 10.02 | Victoria Station Apartments | 0.4% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 11 | Kalahari Resort and Convention Center(25) | 2.2% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 12 | Shaner Hotel Portfolio II | 2.1% | Fee Simple/Leasehold | Various | Various | ||||||||||||||||||||||||
Property | 12.01 | Holiday Inn Express State College | 0.5% | Leasehold | 8/11/2035 | 3 options, 10 years each | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Property | 12.02 | Fairfield Inn State College | 0.5% | Leasehold | 8/3/2027 | None | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Property | 12.03 | Hampton Inn State College | 0.4% | Leasehold | 8/11/2035 | 3 options, 10 years each | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Property | 12.04 | SpringHill Suites State College | 0.4% | Leasehold | 8/11/2035 | 3 options, 10 years each | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Property | 12.05 | Fairfield Inn Jacksonville | 0.3% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 13 | McKinley Mall(25) | 2.0% | Fee Simple | Sears Roebuck and Co. | 146,577 | 09/30/2015 | JC Penney | 106,320 | 05/31/2015 | Bon Ton Department Stores Inc | 97,204 | 01/30/2016 | |||||||||||||||||
Loan | 14 | Carlisle Commons | 2.0% | Fee Simple | Wal-Mart | 205,305 | 08/13/2022 | TJ Maxx | 30,729 | 09/30/2014 | Regal Cinemas | 21,000 | 04/30/2015 | |||||||||||||||||
Loan | 15 | Indigo Palms Multifamily | 2.0% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 16 | Metro Shops at PG Station | 2.0% | Leasehold | 12/11/2101 | None | Bob’s Discount Furniture, LLC | 34,773 | 05/31/2021 | LA Fitness (Fitness & Sports Clubs, LLC) | 32,550 | 03/31/2023 | The Chelsea School | 23,070 | 07/31/2023 | |||||||||||||||
Loan | 17 | Capital Crossing(26) | 1.9% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 18 | West Palm Portfolio | 1.8% | Fee Simple | ||||||||||||||||||||||||||
Property | 18.01 | Greengate Apartments | 0.5% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Property | 18.02 | Elmwood Apartments | 0.4% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Property | 18.03 | Ambergate Apartments | 0.3% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Property | 18.04 | Suntree Apartments | 0.3% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Property | 18.05 | Springtree Apartments | 0.3% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 19 | Alta Vista Ridge(26) | 1.6% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 20 | 16530 Ventura Boulevard | 1.6% | Leasehold | 6/10/2054 | None | Lodgen, Lacher, Golditch, Sardi & Howard, LLP | 15,235 | 09/30/2015 | Resort Vacations, Inc. | 9,326 | 12/31/2014 | Slade Neighbors | 7,656 | 09/30/2018 | |||||||||||||||
Loan | 21 | 149 New Montgomery | 1.5% | Fee Simple | Wikimedia Foundation, Inc. | 33,757 | 09/30/2017 | Kaplan, Inc. | 16,913 | 09/30/2019 | SimplyShe, Inc. | 11,274 | 04/30/2018 | |||||||||||||||||
Loan | 22 | Baton Rouge Office Portfolio Pool 2 | 1.4% | Fee Simple | ||||||||||||||||||||||||||
Property | 22.01 | Citiplace One | 0.7% | Fee Simple | Hancock Bank of Louisiana | 27,278 | 07/31/2018 | IRS | 20,379 | 01/20/2018 | State Farm | 9,926 | 10/31/2016 | |||||||||||||||||
Property | 22.02 | Latter Center West | 0.5% | Fee Simple | LA Attorney Disciplinary Board | 11,823 | 09/30/2017 | LA Health Solutions, LLC | 9,656 | 09/30/2020 | New Horizons | 8,480 | 02/28/2015 | |||||||||||||||||
Property | 22.03 | Sherwood Oaks | 0.2% | Fee Simple | Jacobs Field Services North America | 10,347 | 03/31/2018 | Beginner's Mind Inc (CRC) | 9,741 | 05/31/2015 | JP Morgan Chase | 8,025 | 04/19/2019 | |||||||||||||||||
Loan | 23 | Albuquerque SSA | 1.2% | Fee Simple | GSA - SSA | 153,465 | 10/15/2021 | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 24 | La Terraza San Diego | 1.1% | Fee Simple | Wells Fargo Bank | 26,887 | 02/28/2018 | The Elizabeth Hospice | 25,155 | 05/31/2023 | Regus Corporation | 13,221 | 10/31/2024 | |||||||||||||||||
Loan | 25 | Perryville Corporate Park | 1.1% | Fee Simple | lkaria | 103,261 | 06/30/2021 | Celldex | 33,363 | 04/15/2019 | Enpirion | 19,103 | 05/30/2015 | |||||||||||||||||
Loan | 26 | West Valley Business Park | 1.0% | Fee Simple | Diagnos-Techs, Inc. | 17,665 | 08/31/2014 | Balfour Beatty Construction, Inc. | 4,200 | 02/28/2014 | Alternative Counseling | 4,200 | 02/28/2018 | |||||||||||||||||
Loan | 27 | McAllen FBI | 1.0% | Fee Simple | GSA - FBI | 75,030 | 05/31/2022 | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 28 | ART Florida MF Portfolio | 1.0% | Fee Simple | ||||||||||||||||||||||||||
Property | 28.01 | Holly Ridge | 0.4% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Property | 28.02 | Windwood | 0.3% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Property | 28.03 | Palm Side | 0.2% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 29 | Storage Master Self Storage Portfolio | 0.9% | Fee Simple | ||||||||||||||||||||||||||
Property | 29.01 | Whitesville | 0.3% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Property | 29.02 | Pace | 0.2% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Property | 29.03 | Dothan North | 0.1% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Property | 29.04 | Dothan South | 0.1% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Property | 29.05 | New Franklin | 0.1% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Property | 29.06 | Commerce | 0.1% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 30 | Roosevelt West Apartments | 0.9% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 31 | GRM Miami Indianapolis Portfolio | 0.9% | Fee Simple | ||||||||||||||||||||||||||
Property | 31.01 | GRM Indianapolis | 0.4% | Fee Simple | GRM | 394,750 | 09/25/2028 | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Property | 31.02 | GRM Green | 0.3% | Fee Simple | GRM | 43,250 | 09/25/2028 | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Property | 31.03 | GRM Miami | 0.3% | Fee Simple | GRM | 47,477 | 09/25/2028 | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 32 | 510 Main Apartments | 0.9% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 33 | North Park Towers | 0.8% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 34 | Residence Inn Jacksonville | 0.8% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 35 | Hampton Inn Cranberry Township Pittsburgh | 0.7% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 36 | Hampton Inn Pittsburgh Greentree | 0.7% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 37 | Tioga Apartments | 0.7% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 38 | Hunt Club | 0.7% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 39 | Hulen Ridge Shopping Center | 0.6% | Fee Simple | Hobby Lobby | 61,078 | 09/30/2021 | Stein Mart | 39,106 | 05/31/2017 | MetroPCS | 3,067 | 01/31/2016 | |||||||||||||||||
Loan | 40 | Flint Creek Crossing | 0.6% | Fee Simple | Morgan Stanley | 26,886 | 05/31/2024 | Member Insurance | 6,258 | 07/31/2015 | Stoneleigh | 3,960 | 05/30/2018 | |||||||||||||||||
Loan | 41 | USF Gardens | 0.6% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 42 | Chelsea and Manchester Townhomes | 0.5% | Fee Simple | ||||||||||||||||||||||||||
Property | 42.01 | Chelsea Townhomes | 0.3% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Property | 42.02 | Manchester Townhomes | 0.3% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 43 | Residence Inn Manchester | 0.5% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 44 | Family Dollar Portfolio | 0.5% | Fee Simple | ||||||||||||||||||||||||||
Property | 44.01 | Family Dollar - Riverdale Memphis | 0.1% | Fee Simple | Family Dollar | 8,320 | 03/31/2023 | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Property | 44.02 | Family Dollar - Florida | 0.1% | Fee Simple | Family Dollar | 9,200 | 01/31/2022 | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Property | 44.03 | Family Dollar - Jackson Memphis | 0.1% | Fee Simple | Family Dollar | 8,400 | 06/30/2022 | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Property | 44.04 | Family Dollar - Getwell Memphis | 0.1% | Fee Simple | Family Dollar | 8,320 | 03/31/2022 | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Property | 44.05 | Family Dollar - Whitten Memphis | 0.1% | Fee Simple | Family Dollar | 8,320 | 06/30/2022 | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Property | 44.06 | Family Dollar - Texas | 0.1% | Fee Simple | Family Dollar | 8,320 | 09/30/2022 | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 45 | Collins Aire Mobile Home Park | 0.5% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 46 | Fairfield Inn & Suites Boca | 0.4% | Leasehold | 1/22/2073 | None | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Loan | 47 | Lincoln Springs | 0.4% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 48 | Morehead Estates | 0.4% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 49 | McKinney Self Storage Portfolio | 0.4% | Fee Simple | ||||||||||||||||||||||||||
Property | 49.01 | Allen | 0.2% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Property | 49.02 | Safeway | 0.1% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 50 | White Horse Plaza | 0.3% | Fee Simple | La Unica, LLC | 35,982 | 03/31/2025 | GRC-Meeting Hall (Felix Fernandez and Guido Salazar) | 18,247 | 02/29/2016 | CitiTrends, Inc. | 15,942 | 05/31/2014 | |||||||||||||||||
Loan | 51 | Dakota Apartments B (Stanley, ND) | 0.3% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 52 | Walgreens - N. Muskegon | 0.3% | Fee Simple | Walgreens | 14,560 | 05/31/2028 | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 53 | Fairfield Beloit | 0.3% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 54 | Skyridge Apartments | 0.3% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 55 | Walgreens - Livonia | 0.2% | Fee Simple | Walgreens | 13,650 | 08/31/2023 | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 56 | Cree Commons (Knife River) | 0.2% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 57 | Woodcliff Apartments | 0.2% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 58 | Storage Pros Grandville | 0.2% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||
Loan | 59 | Meadowood Apartments | 0.2% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
A-1-5
COMM 2014-CCRE14 | ||||||||||||||||||||||||||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||||||||||||||||||||||||||
% of | Upfront | Monthly | Upfront | Monthly | Upfront | Monthly | ||||||||||||||||||||||||||||
Property | Initial Pool | Lease | Lease | Occupancy | Replacement | Replacement | TI/LC Reserves | TI/LC | Tax | Tax | ||||||||||||||||||||||||
Flag | ID | Property Name | Balance | 4th Largest Tenant | SF | Expiration(16) | 5th Largest Tenant(18) | SF | Expiration(16) | Occupancy | As-of Date | Reserves($)(20) | Reserves ($)(21) | ($)(20)(22) | Reserves ($)(21)(22) | Reserves($)(20) | Reserves($)(21) | |||||||||||||||||
Loan | 1 | Google and Amazon Office Portfolio(25)(26) | 11.3% | 100.0% | 01/06/2014 | 17,630 | 31,289,848 | 172,473 | ||||||||||||||||||||||||||
Property | 1.01 | Technology Corners | 7.2% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/06/2014 | |||||||||||||||||||||||
Property | 1.02 | Moffett Towers Building D | 4.0% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/06/2014 | |||||||||||||||||||||||
Loan | 2 | 60 Hudson Street(25) | 11.3% | Telx | 91,929 | 10/31/2027 | Zayo Colocation | 43,156 | 07/31/2022 | 74.8% | 08/29/2013 | Springing | Springing | 4,569,336 | 942,594 | |||||||||||||||||||
Loan | 3 | 625 Madison Avenue(25)(26) | 8.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Springing | ||||||||||||||||||||||
Loan | 4 | Saint Louis Galleria(25) | 6.9% | Urban Outfitters | 12,623 | 01/31/2016 | Love Culture | 12,553 | 11/30/2020 | 95.9% | 08/31/2013 | Springing | Springing | Springing | ||||||||||||||||||||
Loan | 5 | Highland Hills Apartments | 4.0% | NAP | NAP | NAP | NAP | NAP | NAP | 99.2% | 11/11/2013 | 24,436 | 299,444 | 54,444 | ||||||||||||||||||||
Loan | 6 | City Square(26) | 3.4% | The Focal Point, LLC | 8,488 | 07/31/2019 | Compasspoint Nonprofit Services | 8,316 | 06/30/2020 | 82.4% | 12/31/2013 | 8,125 | 408,720 | 13,644 | 330,000 | 82,500 | ||||||||||||||||||
Loan | 7 | Dallas FBI | 3.0% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/05/2014 | 2,827 | Springing | 585,553 | 53,232 | |||||||||||||||||||
Loan | 8 | 175 West Jackson(25) | 2.9% | Securities and Exchange Commission | 102,613 | 01/31/2017 | Sedgwick | 88,075 | 05/31/2020 | 91.7% | 12/12/2013 | 8,184 | 480,000 | 281,232 | 3,270,096 | 1,090,032 | ||||||||||||||||||
Loan | 9 | Miraval Resort & Spa | 2.6% | NAP | NAP | NAP | NAP | NAP | NAP | 72.1% | 08/31/2013 | 719,760 | 4.5% of prior month's Gross Revenues | 189,800 | 63,267 | |||||||||||||||||||
Loan | 10 | Bedford and Victoria Multifamily Portfolio | 2.4% | 92.2% | 10/31/2013 | 15,269 | 93,704 | 31,235 | ||||||||||||||||||||||||||
Property | 10.01 | Bedford Station Apartments | 2.0% | NAP | NAP | NAP | NAP | NAP | NAP | 92.0% | 10/31/2013 | |||||||||||||||||||||||
Property | 10.02 | Victoria Station Apartments | 0.4% | NAP | NAP | NAP | NAP | NAP | NAP | 93.1% | 10/31/2013 | |||||||||||||||||||||||
Loan | 11 | Kalahari Resort and Convention Center(25) | 2.2% | NAP | NAP | NAP | NAP | NAP | NAP | 69.7% | 08/31/2013 | 267,300 | 5.0% of the prior month's gross revenues | 874,987 | 145,831 | |||||||||||||||||||
Loan | 12 | Shaner Hotel Portfolio II | 2.1% | 69.6% | 08/31/2013 | 1/12 of 4.0% of prior year's Gross Income | 228,750 | 39,833 | ||||||||||||||||||||||||||
Property | 12.01 | Holiday Inn Express State College | 0.5% | NAP | NAP | NAP | NAP | NAP | NAP | 64.9% | 08/31/2013 | |||||||||||||||||||||||
Property | 12.02 | Fairfield Inn State College | 0.5% | NAP | NAP | NAP | NAP | NAP | NAP | 68.8% | 08/31/2013 | |||||||||||||||||||||||
Property | 12.03 | Hampton Inn State College | 0.4% | NAP | NAP | NAP | NAP | NAP | NAP | 70.5% | 08/31/2013 | |||||||||||||||||||||||
Property | 12.04 | SpringHill Suites State College | 0.4% | NAP | NAP | NAP | NAP | NAP | NAP | 70.4% | 08/31/2013 | |||||||||||||||||||||||
Property | 12.05 | Fairfield Inn Jacksonville | 0.3% | NAP | NAP | NAP | NAP | NAP | NAP | 75.6% | 08/31/2013 | |||||||||||||||||||||||
Loan | 13 | McKinley Mall(25) | 2.0% | Best Buy | 33,112 | 01/31/2017 | Barnes and Noble | 28,862 | 04/30/2018 | 96.8% | 12/01/2013 | 12,136 | 1,520,000 | 30,339 | 1,157,985 | 164,139 | ||||||||||||||||||
Loan | 14 | Carlisle Commons | 2.0% | Tractor Supply Co. | 19,872 | 01/31/2016 | Staples | 18,000 | 06/30/2019 | 89.0% | 11/18/2013 | 3,228 | 600,000 | 7,587 | 340,117 | 56,686 | ||||||||||||||||||
Loan | 15 | Indigo Palms Multifamily | 2.0% | NAP | NAP | NAP | NAP | NAP | NAP | 93.3% | 09/30/2013 | 10,800 | 81,963 | 20,491 | ||||||||||||||||||||
Loan | 16 | Metro Shops at PG Station | 2.0% | Staples | 20,400 | 07/31/2017 | Salon Plaza, LLC | 8,221 | 01/31/2018 | 89.9% | 11/04/2013 | 2,677 | 13,385 | 153,333 | 38,333 | |||||||||||||||||||
Loan | 17 | Capital Crossing(26) | 1.9% | NAP | NAP | NAP | NAP | NAP | NAP | 88.0% | 10/17/2013 | 1,350,000 | 6,283 | 59,047 | 29,523 | |||||||||||||||||||
Loan | 18 | West Palm Portfolio | 1.8% | 95.4% | 09/04/2013 | 11,502 | 29,819 | 29,819 | ||||||||||||||||||||||||||
Property | 18.01 | Greengate Apartments | 0.5% | NAP | NAP | NAP | NAP | NAP | NAP | 98.3% | 09/04/2013 | |||||||||||||||||||||||
Property | 18.02 | Elmwood Apartments | 0.4% | NAP | NAP | NAP | NAP | NAP | NAP | 91.2% | 09/04/2013 | |||||||||||||||||||||||
Property | 18.03 | Ambergate Apartments | 0.3% | NAP | NAP | NAP | NAP | NAP | NAP | 97.2% | 09/04/2013 | |||||||||||||||||||||||
Property | 18.04 | Suntree Apartments | 0.3% | NAP | NAP | NAP | NAP | NAP | NAP | 95.5% | 09/04/2013 | |||||||||||||||||||||||
Property | 18.05 | Springtree Apartments | 0.3% | NAP | NAP | NAP | NAP | NAP | NAP | 94.4% | 09/04/2013 | |||||||||||||||||||||||
Loan | 19 | Alta Vista Ridge(26) | 1.6% | NAP | NAP | NAP | NAP | NAP | NAP | 95.2% | 10/28/2013 | 1,400,000 | 4,500 | 41,579 | ||||||||||||||||||||
Loan | 20 | 16530 Ventura Boulevard | 1.6% | Orens Universal Inc DBA Plaza Travel | 7,482 | 04/30/2020 | Green Lien Collections, Inc. | 7,415 | 12/31/2015 | 85.1% | 12/10/2013 | 2,622 | 319,313 | 16,387 | 134,382 | 37,936 | ||||||||||||||||||
Loan | 21 | 149 New Montgomery | 1.5% | Utrecht | 3,900 | 10/31/2014 | Cafe Madeleine | 2,800 | 07/31/2022 | 100.0% | 10/01/2013 | 575 | 2,875 | 16,875 | ||||||||||||||||||||
Loan | 22 | Baton Rouge Office Portfolio Pool 2 | 1.4% | 84.8% | 11/01/2013 | 5,903 | 9,460 | 27,156 | 250,486 | 20,874 | ||||||||||||||||||||||||
Property | 22.01 | Citiplace One | 0.7% | Irwin Fritchie, LLC | 5,735 | 02/28/2014 | Secret Service (US-GSA) | 4,715 | 10/19/2018 | 95.6% | 11/01/2013 | |||||||||||||||||||||||
Property | 22.02 | Latter Center West | 0.5% | United Fire & Casualty Company | 4,275 | 09/30/2015 | Women's Business Enterprise Council (WBEC) | 3,757 | 06/30/2016 | 83.6% | 11/01/2013 | |||||||||||||||||||||||
Property | 22.03 | Sherwood Oaks | 0.2% | Corporate Express Office Products, Inc. | 7,989 | 10/31/2016 | GreenTree Servicing LLC | 6,998 | 11/30/2015 | 77.2% | 11/01/2013 | |||||||||||||||||||||||
Loan | 23 | Albuquerque SSA | 1.2% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/05/2014 | 1,918 | Springing | 43,622 | 21,811 | |||||||||||||||||||
Loan | 24 | La Terraza San Diego | 1.1% | Oak Creek Energy Systems | 7,526 | 12/31/2019 | RBC Wealth Management | 2,870 | 09/30/2018 | 96.4% | 11/13/2013 | 1,308 | 98,767 | 9,056 | 56,471 | 21,600 | ||||||||||||||||||
Loan | 25 | Perryville Corporate Park | 1.1% | Malick & Scherer | 13,741 | 09/30/2017 | FLIK International Cafe | 12,571 | 06/30/2016 | 78.2% | 11/15/2013 | 6,006 | 15,554 | 34,169 | 34,169 | |||||||||||||||||||
Loan | 26 | West Valley Business Park | 1.0% | G&H Goldfish | 4,200 | 04/30/2018 | Arodal of Wash., Inc. | 3,675 | 09/30/2014 | 79.3% | 11/30/2013 | 4,309 | 13,788 | 52,585 | 26,292 | |||||||||||||||||||
Loan | 27 | McAllen FBI | 1.0% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/05/2014 | 1,059 | Springing | 272,684 | 24,789 | |||||||||||||||||||
Loan | 28 | ART Florida MF Portfolio | 1.0% | 91.7% | Various | 7,825 | 46,625 | 15,542 | ||||||||||||||||||||||||||
Property | 28.01 | Holly Ridge | 0.4% | NAP | NAP | NAP | NAP | NAP | NAP | 91.8% | 11/25/2013 | |||||||||||||||||||||||
Property | 28.02 | Windwood | 0.3% | NAP | NAP | NAP | NAP | NAP | NAP | 91.3% | 11/01/2013 | |||||||||||||||||||||||
Property | 28.03 | Palm Side | 0.2% | NAP | NAP | NAP | NAP | NAP | NAP | 92.0% | 11/01/2013 | |||||||||||||||||||||||
Loan | 29 | Storage Master Self Storage Portfolio | 0.9% | 73.5% | 09/30/2013 | 2,898 | 10,276 | 10,276 | ||||||||||||||||||||||||||
Property | 29.01 | Whitesville | 0.3% | NAP | NAP | NAP | NAP | NAP | NAP | 69.1% | 09/30/2013 | |||||||||||||||||||||||
Property | 29.02 | Pace | 0.2% | NAP | NAP | NAP | NAP | NAP | NAP | 64.8% | 09/30/2013 | |||||||||||||||||||||||
Property | 29.03 | Dothan North | 0.1% | NAP | NAP | NAP | NAP | NAP | NAP | 82.5% | 09/30/2013 | |||||||||||||||||||||||
Property | 29.04 | Dothan South | 0.1% | NAP | NAP | NAP | NAP | NAP | NAP | 70.4% | 09/30/2013 | |||||||||||||||||||||||
Property | 29.05 | New Franklin | 0.1% | NAP | NAP | NAP | NAP | NAP | NAP | 84.5% | 09/30/2013 | |||||||||||||||||||||||
Property | 29.06 | Commerce | 0.1% | NAP | NAP | NAP | NAP | NAP | NAP | 80.6% | 09/30/2013 | |||||||||||||||||||||||
Loan | 30 | Roosevelt West Apartments | 0.9% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 12/02/2013 | 2,350 | 140,250 | 12,750 | ||||||||||||||||||||
Loan | 31 | GRM Miami Indianapolis Portfolio | 0.9% | 100.0% | 01/06/2014 | 243,000 | 8,674 | 44,440 | 13,339 | |||||||||||||||||||||||||
Property | 31.01 | GRM Indianapolis | 0.4% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/06/2014 | |||||||||||||||||||||||
Property | 31.02 | GRM Green | 0.3% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/06/2014 | |||||||||||||||||||||||
Property | 31.03 | GRM Miami | 0.3% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/06/2014 | |||||||||||||||||||||||
Loan | 32 | 510 Main Apartments | 0.9% | NAP | NAP | NAP | NAP | NAP | NAP | 97.2% | 11/21/2013 | 12,200 | 6,812 | 18,522 | 18,522 | |||||||||||||||||||
Loan | 33 | North Park Towers | 0.8% | NAP | NAP | NAP | NAP | NAP | NAP | 92.3% | 11/04/2013 | 10,042 | 146,138 | 27,355 | ||||||||||||||||||||
Loan | 34 | Residence Inn Jacksonville | 0.8% | NAP | NAP | NAP | NAP | NAP | NAP | 77.9% | 10/31/2013 | 4.0% of gross revenues for the second preceding month | 28,448 | 14,224 | ||||||||||||||||||||
Loan | 35 | Hampton Inn Cranberry Township Pittsburgh | 0.7% | NAP | NAP | NAP | NAP | NAP | NAP | 74.2% | 08/31/2013 | 4% of prior month's operating income | 8,103 | |||||||||||||||||||||
Loan | 36 | Hampton Inn Pittsburgh Greentree | 0.7% | NAP | NAP | NAP | NAP | NAP | NAP | 72.5% | 08/31/2013 | 4% of prior month's operating income | 21,372 | |||||||||||||||||||||
Loan | 37 | Tioga Apartments | 0.7% | NAP | NAP | NAP | NAP | NAP | NAP | 97.6% | 07/31/2013 | 2,100 | 131,250 | 13,125 | ||||||||||||||||||||
Loan | 38 | Hunt Club | 0.7% | NAP | NAP | NAP | NAP | NAP | NAP | 95.1% | 11/14/2013 | 5,207 | 20,729 | |||||||||||||||||||||
Loan | 39 | Hulen Ridge Shopping Center | 0.6% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 08/31/2013 | 1,291 | 4,302 | 169,906 | 15,446 | |||||||||||||||||||
Loan | 40 | Flint Creek Crossing | 0.6% | Target Foods | 2,452 | 12/31/2016 | NAP | NAP | NAP | 100.0% | 12/31/2013 | 494 | 3,296 | 32,188 | 8,047 | |||||||||||||||||||
Loan | 41 | USF Gardens | 0.6% | NAP | NAP | NAP | NAP | NAP | NAP | 92.1% | 09/03/2013 | 6,083 | 74,624 | 8,292 | ||||||||||||||||||||
Loan | 42 | Chelsea and Manchester Townhomes | 0.5% | 82.1% | 11/22/2013 | 15,210 | 201,371 | 28,767 | ||||||||||||||||||||||||||
Property | 42.01 | Chelsea Townhomes | 0.3% | NAP | NAP | NAP | NAP | NAP | NAP | 75.3% | 11/22/2013 | |||||||||||||||||||||||
Property | 42.02 | Manchester Townhomes | 0.3% | NAP | NAP | NAP | NAP | NAP | NAP | 90.1% | 11/22/2013 | |||||||||||||||||||||||
Loan | 43 | Residence Inn Manchester | 0.5% | NAP | NAP | NAP | NAP | NAP | NAP | 81.2% | 10/31/2013 | 4.0% of gross revenues for the second preceding month | 1,624 | 18,316 | ||||||||||||||||||||
Loan | 44 | Family Dollar Portfolio | 0.5% | 100.0% | 01/05/2014 | 5,088 | 10,176 | Springing | ||||||||||||||||||||||||||
Property | 44.01 | Family Dollar - Riverdale Memphis | 0.1% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/05/2014 | |||||||||||||||||||||||
Property | 44.02 | Family Dollar - Florida | 0.1% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/05/2014 | |||||||||||||||||||||||
Property | 44.03 | Family Dollar - Jackson Memphis | 0.1% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/05/2014 | |||||||||||||||||||||||
Property | 44.04 | Family Dollar - Getwell Memphis | 0.1% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/05/2014 | |||||||||||||||||||||||
Property | 44.05 | Family Dollar - Whitten Memphis | 0.1% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/05/2014 | |||||||||||||||||||||||
Property | 44.06 | Family Dollar - Texas | 0.1% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/05/2014 | |||||||||||||||||||||||
Loan | 45 | Collins Aire Mobile Home Park | 0.5% | NAP | NAP | NAP | NAP | NAP | NAP | 86.9% | 10/14/2013 | 2,324 | 46,295 | 5,787 | ||||||||||||||||||||
Loan | 46 | Fairfield Inn & Suites Boca | 0.4% | NAP | NAP | NAP | NAP | NAP | NAP | 77.0% | 09/30/2013 | 794,000 | 1/12 of 4% of prior year's Gross Revenues | 9,090 | ||||||||||||||||||||
Loan | 47 | Lincoln Springs | 0.4% | NAP | NAP | NAP | NAP | NAP | NAP | 96.1% | 09/27/2013 | 4,215 | 18,578 | 2,322 | ||||||||||||||||||||
Loan | 48 | Morehead Estates | 0.4% | NAP | NAP | NAP | NAP | NAP | NAP | 97.3% | 08/01/2013 | 2,292 | 32,637 | 3,264 | ||||||||||||||||||||
Loan | 49 | McKinney Self Storage Portfolio | 0.4% | 89.6% | 06/30/2013 | 1,753 | 119,985 | 10,908 | ||||||||||||||||||||||||||
Property | 49.01 | Allen | 0.2% | NAP | NAP | NAP | NAP | NAP | NAP | 86.5% | 06/30/2013 | |||||||||||||||||||||||
Property | 49.02 | Safeway | 0.1% | NAP | NAP | NAP | NAP | NAP | NAP | 94.3% | 06/30/2013 | |||||||||||||||||||||||
Loan | 50 | White Horse Plaza | 0.3% | La Unica, LLC | 15,000 | 07/31/2016 | Dollar General (Dolgencorp, Inc.) | 10,450 | 08/31/2018 | 100.0% | 10/08/2013 | 2,664 | 80,000 | 3,330 | 8,481 | |||||||||||||||||||
Loan | 51 | Dakota Apartments B (Stanley, ND) | 0.3% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 11/01/2013 | 800 | 36,786 | 3,344 | ||||||||||||||||||||
Loan | 52 | Walgreens - N. Muskegon | 0.3% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/05/2014 | 61 | Springing | |||||||||||||||||||||
Loan | 53 | Fairfield Beloit | 0.3% | NAP | NAP | NAP | NAP | NAP | NAP | 66.9% | 10/31/2013 | 4% of prior month's Gross Revenues | 33,987 | 8,497 | ||||||||||||||||||||
Loan | 54 | Skyridge Apartments | 0.3% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 09/30/2013 | 226,727 | 3,000 | 1,986 | ||||||||||||||||||||
Loan | 55 | Walgreens - Livonia | 0.2% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/05/2014 | 57 | Springing | |||||||||||||||||||||
Loan | 56 | Cree Commons (Knife River) | 0.2% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 10/25/2013 | 600 | 22,500 | 2,500 | ||||||||||||||||||||
Loan | 57 | Woodcliff Apartments | 0.2% | NAP | NAP | NAP | NAP | NAP | NAP | 96.5% | 09/30/2013 | 117,443 | 3,575 | 10,302 | 5,151 | |||||||||||||||||||
Loan | 58 | Storage Pros Grandville | 0.2% | NAP | NAP | NAP | NAP | NAP | NAP | 88.6% | 10/29/2013 | 920 | 17,972 | 3,244 | ||||||||||||||||||||
Loan | 59 | Meadowood Apartments | 0.2% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 09/30/2013 | 74,705 | 2,800 | 3,128 | 2,697 |
A-1-6
COMM 2014-CCRE14 | ||||||||||||||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||||||||||||||
% of | Upfront | Monthly | Upfront | Other | Environmental | |||||||||||||||||
Property | Initial Pool | Insurance | Insurance | Engineering | Other Reserves | Reserves | Report | Engineering | Loan | |||||||||||||
Flag | ID | Property Name | Balance | Reserves($)(20) | Reserves ($)(21) | Reserve($)(20) | ($)(18)(20)(21)(22) | Description(18)(20)(21)(22) | Date(24) | Report Date | Purpose | |||||||||||
Loan | 1 | Google and Amazon Office Portfolio(25)(26) | 11.3% | Springing | 2,209,233 | Rent Abatement Reserve (Upfront: 2,209,233); Lease Sweep Reserve (Springing Monthly: Excess Cash Flow) | Refinance | |||||||||||||||
Property | 1.01 | Technology Corners | 7.2% | 11/17/2013 | 11/19/2013 | |||||||||||||||||
Property | 1.02 | Moffett Towers Building D | 4.0% | 11/19/2013 | 11/19/2013 | |||||||||||||||||
Loan | 2 | 60 Hudson Street(25) | 11.3% | Springing | Springing | Income Tax Reserve (Springing Monthly: 20% of Excess Cash Flow) | 09/04/2013 | 09/04/2013 | Refinance | |||||||||||||
Loan | 3 | 625 Madison Avenue(25)(26) | 8.0% | Springing | 11/13/2013 | 11/18/2013 | Acquisition | |||||||||||||||
Loan | 4 | Saint Louis Galleria(25) | 6.9% | Springing | 09/30/2013 | 09/27/2013 | Refinance | |||||||||||||||
Loan | 5 | Highland Hills Apartments | 4.0% | 33,511 | 16,755 | 150,000 | 05/03/2013 | 04/24/2013 | Refinance | |||||||||||||
Loan | 6 | City Square(26) | 3.4% | 18,503 | 4,626 | 11/12/2013 | 11/11/2013; 11/12/2013; 11/27/2013 | Acquisition | ||||||||||||||
Loan | 7 | Dallas FBI | 3.0% | 24,132 | 3,016 | 10/23/2013 | 10/17/2013 | Refinance | ||||||||||||||
Loan | 8 | 175 West Jackson(25) | 2.9% | 252,815 | 19,660 | Excess Cash | Free Rent Reserve (Monthly: Excess Cash) | 07/05/2013 | 07/02/2013 | Refinance | ||||||||||||
Loan | 9 | Miraval Resort & Spa | 2.6% | 582,328 | 52,939 | 9,375 | 6,396,652 | Credit Enhancement (Upfront: 3,500,000); Wastewater Treatment (Upfront: 2,396,652); Seasonality (Upfront: 500,000, Monthly September-June: 50,000) | 04/01/2013 | 04/01/2013 | Refinance | |||||||||||
Loan | 10 | Bedford and Victoria Multifamily Portfolio | 2.4% | Springing | 596,844 | Refinance | ||||||||||||||||
Property | 10.01 | Bedford Station Apartments | 2.0% | 10/28/2013 | 10/28/2013 | |||||||||||||||||
Property | 10.02 | Victoria Station Apartments | 0.4% | 10/28/2013 | 10/28/2013 | |||||||||||||||||
Loan | 11 | Kalahari Resort and Convention Center(25) | 2.2% | 684,999 | 76,111 | 1,612,111 | 806,876 | Debt Service Reserve (Upfront: 806,876); Seasonal (Springing Monthly June-August: 403,438); Condo Reserve (Springing Monthly: 1/12 of Condo Expenses) | 08/01/2013 | 08/01/2013 | Refinance | |||||||||||
Loan | 12 | Shaner Hotel Portfolio II | 2.1% | 104,089 | 13,011 | 153,951 | PIP Reserve (Upfront: 102,000, Monthly: Springing); Ground Rent Reserve (Upfront: 51,951, Monthly: 51,951) | Refinance | ||||||||||||||
Property | 12.01 | Holiday Inn Express State College | 0.5% | 09/16/2013 | 09/16/2013 | |||||||||||||||||
Property | 12.02 | Fairfield Inn State College | 0.5% | 09/16/2013 | 09/16/2013 | |||||||||||||||||
Property | 12.03 | Hampton Inn State College | 0.4% | 09/16/2013 | 09/16/2013 | |||||||||||||||||
Property | 12.04 | SpringHill Suites State College | 0.4% | 09/20/2013 | 09/20/2013 | |||||||||||||||||
Property | 12.05 | Fairfield Inn Jacksonville | 0.3% | 09/16/2013 | 09/13/2013 | |||||||||||||||||
Loan | 13 | McKinley Mall(25) | 2.0% | 34,655 | 17,328 | 71,875 | 05/06/2013 | 05/03/2013 | Refinance | |||||||||||||
Loan | 14 | Carlisle Commons | 2.0% | 6,301 | 6,301 | 22,500 | 11/22/2013 | 11/22/2013 | Acquisition | |||||||||||||
Loan | 15 | Indigo Palms Multifamily | 2.0% | 4,879 | 4,879 | 32,500 | 09/17/2013 | 09/16/2013 | Acquisition | |||||||||||||
Loan | 16 | Metro Shops at PG Station | 2.0% | Springing | 26,644 | Ground Rent Reserve (Monthly: 26,644) | 11/01/2013 | 11/04/2013 | Refinance | |||||||||||||
Loan | 17 | Capital Crossing(26) | 1.9% | 1,000,000 | Unit Renovation Reserve (Upfront: 1,000,000) | 06/03/2013 | 06/03/2013 | Refinance | ||||||||||||||
Loan | 18 | West Palm Portfolio | 1.8% | Springing | 125,069 | Refinance | ||||||||||||||||
Property | 18.01 | Greengate Apartments | 0.5% | 10/15/2013 | 10/17/2013 | |||||||||||||||||
Property | 18.02 | Elmwood Apartments | 0.4% | 10/16/2013 | 10/17/2013 | |||||||||||||||||
Property | 18.03 | Ambergate Apartments | 0.3% | 10/15/2013 | 10/17/2013 | |||||||||||||||||
Property | 18.04 | Suntree Apartments | 0.3% | 10/16/2013 | 10/17/2013 | |||||||||||||||||
Property | 18.05 | Springtree Apartments | 0.3% | 10/16/2013 | 10/17/2013 | |||||||||||||||||
Loan | 19 | Alta Vista Ridge(26) | 1.6% | 8,376 | 7,100 | 09/16/2013 | 11/13/2013 | Acquisition | ||||||||||||||
Loan | 20 | 16530 Ventura Boulevard | 1.6% | Springing | 33,880 | 125,000 | Ground Rent Reserve (Upfront: 125,000; Springing Monthly: Ground Rent due for following month) | 10/31/2013 | 10/31/2013 | Refinance | ||||||||||||
Loan | 21 | 149 New Montgomery | 1.5% | 15,848 | 1,714 | 10/07/2013 | 10/07/2013 | Refinance | ||||||||||||||
Loan | 22 | Baton Rouge Office Portfolio Pool 2 | 1.4% | Springing | 76,250 | Acquisition | ||||||||||||||||
Property | 22.01 | Citiplace One | 0.7% | 09/09/2013 | 09/09/2013 | |||||||||||||||||
Property | 22.02 | Latter Center West | 0.5% | 09/09/2013 | 09/09/2013 | |||||||||||||||||
Property | 22.03 | Sherwood Oaks | 0.2% | 09/09/2013 | 09/09/2013 | |||||||||||||||||
Loan | 23 | Albuquerque SSA | 1.2% | 20,945 | 2,618 | 10/15/2013 | 10/14/2013 | Refinance | ||||||||||||||
Loan | 24 | La Terraza San Diego | 1.1% | 6,469 | 1,339 | 330,459 | Free Rent Reserve (Upfront: 330,459); Major Tenant Sweep Reserve (Springing Monthly: Excess Cash Flow) | 10/17/2013 | 10/17/2013 | Acquisition | ||||||||||||
Loan | 25 | Perryville Corporate Park | 1.1% | 9,616 | 4,808 | 18,750 | 175,190 | Celdex Free Rent Reserve (Upfront: 166,815); Celdex Repairs Reserve (Upfront: 8,375) | 07/18/2013 | 07/31/2013 | Refinance | |||||||||||
Loan | 26 | West Valley Business Park | 1.0% | Springing | 155,768 | 18,299 | Free Rent Reserve (Upfront: 18,299) | 11/12/2013 | 11/12/2013 | Refinance | ||||||||||||
Loan | 27 | McAllen FBI | 1.0% | 8,711 | 1,089 | 10/16/2013 | 10/17/2013 | Refinance | ||||||||||||||
Loan | 28 | ART Florida MF Portfolio | 1.0% | 9,120 | 4,560 | 25,406 | Refinance | |||||||||||||||
Property | 28.01 | Holly Ridge | 0.4% | 12/13/2013 | 12/13/2013 | |||||||||||||||||
Property | 28.02 | Windwood | 0.3% | 12/12/2013 | 12/12/2013 | |||||||||||||||||
Property | 28.03 | Palm Side | 0.2% | 12/13/2013 | 12/13/2013 | |||||||||||||||||
Loan | 29 | Storage Master Self Storage Portfolio | 0.9% | 64,439 | 4,957 | Refinance | ||||||||||||||||
Property | 29.01 | Whitesville | 0.3% | 03/28/2013 | 03/27/2013 | |||||||||||||||||
Property | 29.02 | Pace | 0.2% | 03/26/2013 | 03/26/2013 | |||||||||||||||||
Property | 29.03 | Dothan North | 0.1% | 04/08/2013 | 04/01/2013 | |||||||||||||||||
Property | 29.04 | Dothan South | 0.1% | 03/27/2013 | 03/27/2013 | |||||||||||||||||
Property | 29.05 | New Franklin | 0.1% | 03/30/2013 | 03/28/2013 | |||||||||||||||||
Property | 29.06 | Commerce | 0.1% | 04/05/2013 | 03/28/2013 | |||||||||||||||||
Loan | 30 | Roosevelt West Apartments | 0.9% | 1,984 | 1,984 | 11/12/2013 | 11/11/2013 | Acquisition | ||||||||||||||
Loan | 31 | GRM Miami Indianapolis Portfolio | 0.9% | Springing | 220,408 | Refinance | ||||||||||||||||
Property | 31.01 | GRM Indianapolis | 0.4% | 03/29/2013 | 03/29/2013 | |||||||||||||||||
Property | 31.02 | GRM Green | 0.3% | 03/29/2013 | 03/29/2013 | |||||||||||||||||
Property | 31.03 | GRM Miami | 0.3% | 08/30/2013 | 08/30/2013 | |||||||||||||||||
Loan | 32 | 510 Main Apartments | 0.9% | Springing | 11/11/2013 | 11/11/2013 | Refinance | |||||||||||||||
Loan | 33 | North Park Towers | 0.8% | Springing | 151,513 | 10/31/2013 | 10/31/2013 | Refinance | ||||||||||||||
Loan | 34 | Residence Inn Jacksonville | 0.8% | Springing | 10/29/2013 | 10/29/2013 | Refinance | |||||||||||||||
Loan | 35 | Hampton Inn Cranberry Township Pittsburgh | 0.7% | Springing | 900,000 | PIP Reserve (Upfront: 900,000) | 09/25/2013 | 09/25/2013 | Acquisition | |||||||||||||
Loan | 36 | Hampton Inn Pittsburgh Greentree | 0.7% | Springing | 900,000 | PIP Reserve (Upfront: 900,000) | 09/25/2013 | 09/25/2013 | Acquisition | |||||||||||||
Loan | 37 | Tioga Apartments | 0.7% | 17,150 | 2,450 | 06/07/2013 | 06/10/2013 | Acquisition | ||||||||||||||
Loan | 38 | Hunt Club | 0.7% | 21,453 | 7,151 | 27,938 | 11/18/2013 | 11/18/2013 | Refinance | |||||||||||||
Loan | 39 | Hulen Ridge Shopping Center | 0.6% | Springing | Springing | Lease Sweep Reserve (Springing Monthly: Excess Cash Flow) | 10/31/2013 | 10/31/2013 | Refinance | |||||||||||||
Loan | 40 | Flint Creek Crossing | 0.6% | 5,374 | 1,791 | 740,286 | Morgan Stanley Reserve (Upfront: 662,325); Free Rent (Upfront: 77,961) | 10/30/2013 | 10/30/2013 | Refinance | ||||||||||||
Loan | 41 | USF Gardens | 0.6% | 68,563 | 10,828 | 22,425 | 09/03/2013 | 09/03/2013 | Refinance | |||||||||||||
Loan | 42 | Chelsea and Manchester Townhomes | 0.5% | 108,275 | Springing | 161,725 | Refinance | |||||||||||||||
Property | 42.01 | Chelsea Townhomes | 0.3% | 11/29/2013 | 11/29/2013 | |||||||||||||||||
Property | 42.02 | Manchester Townhomes | 0.3% | 11/30/2013 | 11/30/2013 | |||||||||||||||||
Loan | 43 | Residence Inn Manchester | 0.5% | Springing | 1,000,000 | Renovation Reserve (Upfront: 1,000,000) | 10/29/2013 | 10/29/2013 | Recapitalization | |||||||||||||
Loan | 44 | Family Dollar Portfolio | 0.5% | Springing | Refinance/Acquisition | |||||||||||||||||
Property | 44.01 | Family Dollar - Riverdale Memphis | 0.1% | 07/15/2013 | 08/20/2013 | |||||||||||||||||
Property | 44.02 | Family Dollar - Florida | 0.1% | 02/19/2013 | 02/19/2013 | |||||||||||||||||
Property | 44.03 | Family Dollar - Jackson Memphis | 0.1% | 12/19/2012 | 12/19/2012 | |||||||||||||||||
Property | 44.04 | Family Dollar - Getwell Memphis | 0.1% | 12/19/2012 | 12/19/2012 | |||||||||||||||||
Property | 44.05 | Family Dollar - Whitten Memphis | 0.1% | 07/15/2013 | 08/20/2013 | |||||||||||||||||
Property | 44.06 | Family Dollar - Texas | 0.1% | 03/23/2013 | 05/09/2013 | |||||||||||||||||
Loan | 45 | Collins Aire Mobile Home Park | 0.5% | 24,394 | 2,710 | 750 | Lead Paint O&M Reserve (Upfront: 375); ACM O&M Reserve (Upfront: 375) | 11/25/2013 | 11/25/2013 | Refinance | ||||||||||||
Loan | 46 | Fairfield Inn & Suites Boca | 0.4% | 50,000 | Springing | 25,000 | Ground Lease Reserve (Upfront: 25,000); Seasonality Reserve (Monthly February-August: 17,305) | 10/15/2013 | 10/15/2013 | Acquisition | ||||||||||||
Loan | 47 | Lincoln Springs | 0.4% | 13,769 | 4,590 | 09/20/2013 | 09/20/2013 | Acquisition | ||||||||||||||
Loan | 48 | Morehead Estates | 0.4% | 7,345 | 3,673 | 08/20/2013 | 08/20/2013 | Refinance | ||||||||||||||
Loan | 49 | McKinney Self Storage Portfolio | 0.4% | 3,585 | 717 | 30,313 | Refinance | |||||||||||||||
Property | 49.01 | Allen | 0.2% | 05/09/2013 | 05/09/2013 | |||||||||||||||||
Property | 49.02 | Safeway | 0.1% | 05/13/2013 | 05/13/2013 | |||||||||||||||||
Loan | 50 | White Horse Plaza | 0.3% | 17,359 | 1,736 | 3,000 | 211,451 | Rent Abatement Reserve (Upfront: 22,851); CitiTrends Rent Abatement (Upfront: 138,600); Fire Code Repair (Upfront: 50,000) | 10/21/2013 | 10/22/2013 | Recapitalization | |||||||||||
Loan | 51 | Dakota Apartments B (Stanley, ND) | 0.3% | 9,551 | 1,323 | 06/26/2013 | 06/25/2013 | Acquisition | ||||||||||||||
Loan | 52 | Walgreens - N. Muskegon | 0.3% | 4,502 | 409 | 06/15/2013 | 06/14/2013 | Refinance | ||||||||||||||
Loan | 53 | Fairfield Beloit | 0.3% | 21,658 | 1,773 | 3,963 | 08/09/2012 | 08/09/2012 | Refinance | |||||||||||||
Loan | 54 | Skyridge Apartments | 0.3% | Springing | 11/05/2013 | 11/05/2013 | Acquisition | |||||||||||||||
Loan | 55 | Walgreens - Livonia | 0.2% | 4,909 | 446 | 06/15/2013 | 06/14/2013 | Refinance | ||||||||||||||
Loan | 56 | Cree Commons (Knife River) | 0.2% | 7,740 | 1,197 | 06/20/2013 | 06/19/2013 | Acquisition | ||||||||||||||
Loan | 57 | Woodcliff Apartments | 0.2% | Springing | 12,500 | 11/05/2013 | 11/05/2013 | Acquisition | ||||||||||||||
Loan | 58 | Storage Pros Grandville | 0.2% | 6,670 | 834 | 11/26/2013 | 11/26/2013 | Acquisition | ||||||||||||||
Loan | 59 | Meadowood Apartments | 0.2% | Springing | 11/05/2013 | 11/05/2013 | Acquisition |
A-1-7
COMM 2014-CCRE14 | ||||||||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||||||||
% of | Existing | Future Debt | ||||||||||||||
Property | Initial Pool | Additional Debt | Permitted | |||||||||||||
Flag | ID | Property Name | Balance | Sponsor | Guarantor(23) | Amount | Existing Additional Debt Description | Type | ||||||||
Loan | 1 | Google and Amazon Office Portfolio(25)(26) | 11.3% | Joseph K. Paul; Jay Paul Revocable Living Trust | Joseph K. Paul; Jay Paul Revocable Living Trust | 365,000,000 | $297.2 Million Pari Passu Debt; $67.8 Million Mezzanine Debt | NAP | ||||||||
Property | 1.01 | Technology Corners | 7.2% | |||||||||||||
Property | 1.02 | Moffett Towers Building D | 4.0% | |||||||||||||
Loan | 2 | 60 Hudson Street(25) | 11.3% | 60 Hudson Owner LLC | 60 Hudson Owner LLC | 125,000,000 | Pari Passu Debt | NAP | ||||||||
Loan | 3 | 625 Madison Avenue(25)(26) | 8.0% | Ben Ashkenazy | Ben Ashkenazy | 280,000,000 | $85.0 Million Pari Passu Debt; $195.0 Million Mezzanine Debt | NAP | ||||||||
Loan | 4 | Saint Louis Galleria(25) | 6.9% | GGPLP L.L.C. | GGPLP L.L.C. | 120,000,000 | $100.0 Million Pari Passu Debt; $20.0 Million Subordinate Secured Debt | Mezzanine | ||||||||
Loan | 5 | Highland Hills Apartments | 4.0% | G. Terry McNellis; Michael J. Swenson; James E. Klungness; Jeffrey J. Michael | G. Terry McNellis; Michael J. Swenson; James E. Klungness; Jeffrey J. Michael | NAP | None | Mezzanine | ||||||||
Loan | 6 | City Square(26) | 3.4% | John Ziegler | John Ziegler | 7,500,000 | Mezzanine | NAP | ||||||||
Loan | 7 | Dallas FBI | 3.0% | Cowperwood Company, Inc. | John C. Harvey; Edward J. Sussi | NAP | None | Mezzanine | ||||||||
Loan | 8 | 175 West Jackson(25) | 2.9% | Strategic Investment Property Fund, Inc. | Strategic Investment Property Fund, Inc. | 240,000,000 | Pari Passu Debt | NAP | ||||||||
Loan | 9 | Miraval Resort & Spa | 2.6% | Revolution LLC | Revolution Living II LLC; Sierra Healthstyles, LLC | NAP | None | NAP | ||||||||
Loan | 10 | Bedford and Victoria Multifamily Portfolio | 2.4% | Aaron Kurlansky | Aaron Kurlansky | NAP | None | NAP | ||||||||
Property | 10.01 | Bedford Station Apartments | 2.0% | |||||||||||||
Property | 10.02 | Victoria Station Apartments | 0.4% | |||||||||||||
Loan | 11 | Kalahari Resort and Convention Center(25) | 2.2% | Todd R. Nelson; Shari L. Nelson | Todd R. Nelson; Shari L. Nelson | 99,708,496 | Pari Passu Debt | NAP | ||||||||
Loan | 12 | Shaner Hotel Portfolio II | 2.1% | The Shaner Group, LLC | Lance T. Shaner | NAP | None | NAP | ||||||||
Property | 12.01 | Holiday Inn Express State College | 0.5% | |||||||||||||
Property | 12.02 | Fairfield Inn State College | 0.5% | |||||||||||||
Property | 12.03 | Hampton Inn State College | 0.4% | |||||||||||||
Property | 12.04 | SpringHill Suites State College | 0.4% | |||||||||||||
Property | 12.05 | Fairfield Inn Jacksonville | 0.3% | |||||||||||||
Loan | 13 | McKinley Mall(25) | 2.0% | Stoltz Management of Delaware, Inc. | Stoltz Management of Delaware, Inc. | 10,000,000 | Pari Passu Debt | NAP | ||||||||
Loan | 14 | Carlisle Commons | 2.0% | David Reischer; Nathaniel A. Tower | David Reischer; Nathaniel A. Tower | NAP | None | NAP | ||||||||
Loan | 15 | Indigo Palms Multifamily | 2.0% | William H. Comrie | William H. Comrie | NAP | None | NAP | ||||||||
Loan | 16 | Metro Shops at PG Station | 2.0% | Westbrook Real Estate Fund VIII, L.P. | Westbrook Real Estate Fund VIII, L.P. | NAP | None | NAP | ||||||||
Loan | 17 | Capital Crossing(26) | 1.9% | Tomas Rosenthal; The JR Family Credit Shelter Trust | Tomas Rosenthal; The JR Family Credit Shelter Trust | 2,500,000 | Mezzanine | NAP | ||||||||
Loan | 18 | West Palm Portfolio | 1.8% | Arbor Realty SR, Inc. | Arbor Realty SR, Inc. | NAP | None | NAP | ||||||||
Property | 18.01 | Greengate Apartments | 0.5% | |||||||||||||
Property | 18.02 | Elmwood Apartments | 0.4% | |||||||||||||
Property | 18.03 | Ambergate Apartments | 0.3% | |||||||||||||
Property | 18.04 | Suntree Apartments | 0.3% | |||||||||||||
Property | 18.05 | Springtree Apartments | 0.3% | |||||||||||||
Loan | 19 | Alta Vista Ridge(26) | 1.6% | Stephen H. Kanoff; Clifford A. Booth | Stephen H. Kanoff; Clifford A. Booth | 3,000,000 | Mezzanine | NAP | ||||||||
Loan | 20 | 16530 Ventura Boulevard | 1.6% | David Y. Lee | David Y. Lee | NAP | None | Mezzanine | ||||||||
Loan | 21 | 149 New Montgomery | 1.5% | Jonathan Parker; Thomas M. Monahan | Jonathan Parker; Thomas M. Monahan | NAP | None | NAP | ||||||||
Loan | 22 | Baton Rouge Office Portfolio Pool 2 | 1.4% | Perry M. Waughtal | Perry M. Waughtal | NAP | None | NAP | ||||||||
Property | 22.01 | Citiplace One | 0.7% | |||||||||||||
Property | 22.02 | Latter Center West | 0.5% | |||||||||||||
Property | 22.03 | Sherwood Oaks | 0.2% | |||||||||||||
Loan | 23 | Albuquerque SSA | 1.2% | Cowperwood Company, Inc. | John C. Harvey; Edward J. Sussi | NAP | None | Mezzanine | ||||||||
Loan | 24 | La Terraza San Diego | 1.1% | G. Ryan Smith; Bradley E. Lofgren; Stephen M. Zotovich | G. Ryan Smith; Bradley E. Lofgren; Stephen M. Zotovich | NAP | None | Mezzanine | ||||||||
Loan | 25 | Perryville Corporate Park | 1.1% | Crown Properties, Inc. | Davar Rad | NAP | None | NAP | ||||||||
Loan | 26 | West Valley Business Park | 1.0% | Thomas E. Morgan III | Thomas E. Morgan III | NAP | None | NAP | ||||||||
Loan | 27 | McAllen FBI | 1.0% | Cowperwood Company, Inc. | John C. Harvey; Edward J. Sussi | NAP | None | Mezzanine | ||||||||
Loan | 28 | ART Florida MF Portfolio | 1.0% | Arbor Realty SR, Inc. | Arbor Realty SR, Inc. | NAP | None | NAP | ||||||||
Property | 28.01 | Holly Ridge | 0.4% | |||||||||||||
Property | 28.02 | Windwood | 0.3% | |||||||||||||
Property | 28.03 | Palm Side | 0.2% | |||||||||||||
Loan | 29 | Storage Master Self Storage Portfolio | 0.9% | Gerald C. Averett; Rebecca H. Averett | Gerald C. Averett; Rebecca H. Averett | NAP | None | NAP | ||||||||
Property | 29.01 | Whitesville | 0.3% | |||||||||||||
Property | 29.02 | Pace | 0.2% | |||||||||||||
Property | 29.03 | Dothan North | 0.1% | |||||||||||||
Property | 29.04 | Dothan South | 0.1% | |||||||||||||
Property | 29.05 | New Franklin | 0.1% | |||||||||||||
Property | 29.06 | Commerce | 0.1% | |||||||||||||
Loan | 30 | Roosevelt West Apartments | 0.9% | David H. Feinberg | David H. Feinberg | NAP | None | Mezzanine | ||||||||
Loan | 31 | GRM Miami Indianapolis Portfolio | 0.9% | Moishe Mana | Moishe Mana | NAP | None | NAP | ||||||||
Property | 31.01 | GRM Indianapolis | 0.4% | |||||||||||||
Property | 31.02 | GRM Green | 0.3% | |||||||||||||
Property | 31.03 | GRM Miami | 0.3% | |||||||||||||
Loan | 32 | 510 Main Apartments | 0.9% | Robert P. Rothenberg; Gideon Z. Friedman | Robert P. Rothenberg; Gideon Z. Friedman | NAP | None | NAP | ||||||||
Loan | 33 | North Park Towers | 0.8% | R. Ramin Kamfar | R. Ramin Kamfar | NAP | None | NAP | ||||||||
Loan | 34 | Residence Inn Jacksonville | 0.8% | Ashford Hospitality Limited Partnership | Ashford Hospitality Limited Partnership | NAP | None | Mezzanine | ||||||||
Loan | 35 | Hampton Inn Cranberry Township Pittsburgh | 0.7% | American Hotel Income Properties REIT Inc. | American Hotel Income Properties REIT Inc. | NAP | None | NAP | ||||||||
Loan | 36 | Hampton Inn Pittsburgh Greentree | 0.7% | American Hotel Income Properties REIT Inc. | American Hotel Income Properties REIT Inc. | NAP | None | NAP | ||||||||
Loan | 37 | Tioga Apartments | 0.7% | David H. Feinberg | David H. Feinberg | NAP | None | Mezzanine | ||||||||
Loan | 38 | Hunt Club | 0.7% | Chowdary Yalamanchili | Chowdary Yalamanchili | NAP | None | NAP | ||||||||
Loan | 39 | Hulen Ridge Shopping Center | 0.6% | Michel Kucinski | Michel Kucinski | NAP | None | NAP | ||||||||
Loan | 40 | Flint Creek Crossing | 0.6% | Great Lake Principals LLC | Timothy W. Barrett; James M. Mackenbrock; Eugene J. Porto; Warren Wamberg | NAP | None | NAP | ||||||||
Loan | 41 | USF Gardens | 0.6% | Avesta Real Estate Holdings LLC | Peter Reynolds; Nathaniel Fischer | NAP | None | NAP | ||||||||
Loan | 42 | Chelsea and Manchester Townhomes | 0.5% | Ivan J. Wolpert; Gary E. Schreiber | Ivan J. Wolpert; Gary E. Schreiber | NAP | None | NAP | ||||||||
Property | 42.01 | Chelsea Townhomes | 0.3% | |||||||||||||
Property | 42.02 | Manchester Townhomes | 0.3% | |||||||||||||
Loan | 43 | Residence Inn Manchester | 0.5% | Ashford Hospitality Limited Partnership | Ashford Hospitality Limited Partnership | NAP | None | Mezzanine | ||||||||
Loan | 44 | Family Dollar Portfolio | 0.5% | John Young | John Young | NAP | None | NAP | ||||||||
Property | 44.01 | Family Dollar - Riverdale Memphis | 0.1% | |||||||||||||
Property | 44.02 | Family Dollar - Florida | 0.1% | |||||||||||||
Property | 44.03 | Family Dollar - Jackson Memphis | 0.1% | |||||||||||||
Property | 44.04 | Family Dollar - Getwell Memphis | 0.1% | |||||||||||||
Property | 44.05 | Family Dollar - Whitten Memphis | 0.1% | |||||||||||||
Property | 44.06 | Family Dollar - Texas | 0.1% | |||||||||||||
Loan | 45 | Collins Aire Mobile Home Park | 0.5% | Fred N. Kozy | Fred N. Kozy | NAP | None | NAP | ||||||||
Loan | 46 | Fairfield Inn & Suites Boca | 0.4% | Mystic Suites, LLC; Nutmeg Partners, LLC; Old Lyme Lodgings LLC; Hotel Florida Unit Trust | Mystic Suites, LLC; Nutmeg Partners, LLC; Old Lyme Lodgings LLC; Hotel Florida Unit Trust | NAP | None | NAP | ||||||||
Loan | 47 | Lincoln Springs | 0.4% | Ferndale Ventures II, LLC; Alon Yonatan | Ferndale Ventures II, LLC; Alon Yonatan | NAP | None | NAP | ||||||||
Loan | 48 | Morehead Estates | 0.4% | Lois Maher | Lois Maher | NAP | None | NAP | ||||||||
Loan | 49 | McKinney Self Storage Portfolio | 0.4% | Virtus Dollar Self Storage | Various | NAP | None | NAP | ||||||||
Property | 49.01 | Allen | 0.2% | |||||||||||||
Property | 49.02 | Safeway | 0.1% | |||||||||||||
Loan | 50 | White Horse Plaza | 0.3% | Mark Vakili | Mark Vakili | NAP | None | NAP | ||||||||
Loan | 51 | Dakota Apartments B (Stanley, ND) | 0.3% | N. Richard Kalikow | N. Richard Kalikow | NAP | None | Mezzanine | ||||||||
Loan | 52 | Walgreens - N. Muskegon | 0.3% | Roy W. Cronacher, Jr. | Roy W. Cronacher, Jr. | NAP | None | NAP | ||||||||
Loan | 53 | Fairfield Beloit | 0.3% | Gregg Raupp | Gregg Raupp | NAP | None | Mezzanine | ||||||||
Loan | 54 | Skyridge Apartments | 0.3% | CF Asset Management LLC | CF Asset Management LLC | NAP | None | NAP | ||||||||
Loan | 55 | Walgreens - Livonia | 0.2% | Roy W. Cronacher, Jr. | Roy W. Cronacher, Jr. | NAP | None | NAP | ||||||||
Loan | 56 | Cree Commons (Knife River) | 0.2% | N. Richard Kalikow | N. Richard Kalikow | NAP | None | Mezzanine | ||||||||
Loan | 57 | Woodcliff Apartments | 0.2% | CF Asset Management LLC | CF Asset Management LLC | NAP | None | NAP | ||||||||
Loan | 58 | Storage Pros Grandville | 0.2% | David Levenfeld; Ian Burnstein | David Levenfeld; Ian Burnstein | NAP | None | NAP | ||||||||
Loan | 59 | Meadowood Apartments | 0.2% | CF Asset Management LLC | CF Asset Management LLC | NAP | None | NAP |
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FOOTNOTES TO ANNEX A-1 | |
(1) | GACC—German American Capital Corporation or one of its affiliates; Natixis—Natixis Real Estate Capital LLC or one of its affiliates; CCRE—Cantor Commercial Real Estate Lending, L.P. or one of its affiliates; LIG—Liberty Island Group I LLC or one of its affiliates. |
(2) | GACC—German American Capital Corporation or one of its affiliates; Natixis—Natixis Real Estate Capital LLC or one of its affiliates; CCRE—Cantor Commercial Real Estate Lending, L.P. or one of its affiliates; LIG—Liberty Island Group I LLC or one of its affiliates. |
(3) | Loan No. 1 – Google and Amazon Office Portfolio – The Original Balance and Cut-off Date Balance of $155.0 million represent the controlling Note A-1 of a $452.2 million whole loan evidenced by three pari passu notes. The pari passu companion loans are the Note A-2 in the original principal amount of $150.0 million (which may be further divided) and the Note A-3 in the original principal amount of $147.2 million (which may be further divided), both of which are expected to be held by GACC or an affiliate on the closing date. |
Loan No. 2 – 60 Hudson Street – The Original Balance and Cut-off Date Balance of $155.0 million represent the controlling Note A-2 of a $280.0 million whole loan evidenced by two pari passu notes. The pari passu companion loan is the Note A-1 in the original principal amount of $125.0 million, which was securitized in the COMM 2013-CCRE13 mortgage trust. | |
Loan No. 3 – 625 Madison Avenue – The Original Balance and Cut-off Date Balance of $110.0 million represent the controlling Note A-1 of a $195.0 million whole loan evidenced by two pari passu notes. The pari passu companion loan is the Note A-2 in the original principal amount of $85.0 million (which may be further divided), which is expected to be held by GACC or an affiliate on the closing date. | |
Loan No. 4 – Saint Louis Galleria – The Original Balance and Cut-off Date Balance of $95.0 million represent the non-controlling Note A-2 of a $215.0 million whole loan evidenced by two notes. The companion loan is the controlling Note A-1 in the original principal amount of $120.0 million, which was bifurcated into a $100.0 million pooled component which is generally pari passu in right of payment to the Note A-2, and a $20.0 million junior non-pooled component, both of which were securitized in the COMM 2013-CCRE13 mortgage trust. Each of the $100.0 million senior pooled component of Note A-1 and the $95.0 million Note A-2 are generally senior in right of payment to the $20.0 million junior non-pooled component of Note A-1 as described in this free writing prospectus. | |
Loan No. 8 – 175 West Jackson – The Original Balance and Cut-off Date Balance of $40.0 million represent the non-controlling Note A-2-B of a $280.0 million whole loan evidenced by three pari passu notes. The pari passu companion loans are the controlling Note A-1 in the original principal amount of $150.0 million, which was securitized in the COMM 2013-CCRE12 mortgage trust, and the non-controlling Note A-2-A in the original principal amount of $90.0 million, which was securitized in the COMM 2013-CCRE13 mortgage trust. | |
Loan No. 11 – Kalahari Resort and Convention Center – The Original Balance of $30.0 million and Cut-off Date Balance of approximately $29.9 million represent the non-controlling Note A-3 and Note A-4 of a $130.0 million whole loan evidenced by six pari passu notes. The pari passu companion loans are the controlling Note A-1, Note A-2, Note A-5 and Note A-6 in the original aggregate principal amount of $100.0 million, which were securitized in the COMM 2013-CCRE13 mortgage trust. | |
Loan No. 13 – McKinley Mall – The Original Balance and the Cut-off Date Balance of $28.0 million represent the controlling Note A-1 of a $38.0 million whole loan (the “McKinley Mall Loan Combination”) evidenced by two pari passu notes. The pari passu companion loan is the non-controlling Note A-2 with an original principal amount of $10.0 million, which is held by Natixis and expected to be included in a future securitization. | |
(4) | With respect to any Mortgaged Property securing a multi property Mortgage Loan, the amounts listed under the headings “Original Balance” and “Cut off Date Balance” reflect the Allocated Loan Amount related to such Mortgaged Property. |
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(5) | The Administrative Fee Rate includes the respective per annum rates applicable to the calculation of the master servicing fee, sub servicing fee, primary fee, trustee/certificate administrator fee, operating advisor fee and CREFC® license fee with respect to each Mortgage Loan, and with respect to any Non-Serviced Mortgage Loan, any related Pari Passu Loan Primary Servicing Fee Rate. |
(6) | Loan No. 2 – 60 Hudson Street – The 60 Hudson Street Mortgage Loan has an ARD feature with an anticipated repayment date of November 6, 2023, with a revised interest rate for the period from the anticipated repayment date through the final maturity date of November 6, 2043 of the greater of (i) 7.5000% and (ii) the sum of (a) the 10-year mid-market swap yield as of the anticipated repayment date and (b) 4.8300%. |
Loan No. 3 – 625 Madison Avenue – The 625 Madison Avenue Mortgage Loan has an ARD feature with an anticipated repayment date of December 6, 2018, with a revised interest rate for the period from the anticipated repayment date through December 6, 2022 of 5.3000%. From and after the payment date occurring on January 6, 2023 through the final maturity date of December 6, 2026, the interest rate will increase to the greater of (i) 6.0500% and (ii) the then-current five-year swap spread plus 3.7500%. | |
(7) | Loan No. 1 – Google and Amazon Office Portfolio – The Google and Amazon Office Portfolio Mortgage Loan amortizes on a planned amortization schedule provided in Annex H of this free writing prospectus. The Cut-off Date Balance, Maturity or ARD Balance, Monthly Debt Service, Underwritten NOI DSCR and Underwritten NCF DSCR are based upon the planned amortization schedule. The Monthly Debt Service shown in Annex A-1 was calculated using the average of principal and interest payments over the first 12 months after the expiration of the interest only period. The pari passu companion loans also amortize on a planned amortization schedule. The Pari Passu Companion Loan Monthly Debt Service shown in Annex A-1 was calculated using the average of principal and interest payments over the first 12 months after the expiration of the interest only period for the Google and Amazon Office Portfolio Loan Combination. Underwritten NOI DSCR and Underwritten NCF DSCR were calculated using the calculated average monthly debt service for the Google and Amazon Office Portfolio Loan Combination. |
Loan No. 19 – Alta Vista Ridge – The Alta Vista Ridge Mortgage Loan amortizes on a planned amortization schedule provided in Annex I of this free writing prospectus. The Cut-off Date Balance, Maturity or ARD Balance, Monthly Debt Service, Underwritten NOI DSCR and Underwritten NCF DSCR are based upon the planned amortization schedule. The Monthly Debt Service shown in Annex A-1 was calculated using the average of principal and interest payments over the first 12 months after the expiration of the interest only period. Underwritten NOI DSCR and Underwritten NCF DSCR were calculated using the calculated average monthly debt service. | |
(8) | Annual Debt Service, Monthly Debt Service, Pari Passu Companion Loan Monthly Debt Service, Pari Passu Companion Loan Annual Debt Service, Underwritten NOI DSCR and Underwritten NCF DSCR for Mortgage Loans or Companion Loans with partial interest only periods are shown based on the monthly debt service payment immediately following the expiration of the interest only period. |
Loan No. 20 – 16530 Ventura Boulevard – Up to one time per year, the late payment fee will be waived if any principal, interest or any other sum due under the loan documents (other than the outstanding principal balance due and payable on the Maturity or ARD Date) is paid within five business days following the date on which it is due. | |
(9) | “Hard” generally means, with respect to the Lockbox, that each tenant is required to transfer its rent directly to the lender-controlled lockbox account. However, with respect to hospitality properties, “Hard” means all credit card receipts are deposited directly into the lockbox by the card processing company and all over-the-counter cash and equivalents are deposited by the property manager or borrower into the lockbox. “Soft” means the borrower has established a lockbox account that will be under lender control and the borrower or property manager must collect rents from the tenants and then deposit those rents into such lockbox account. “Springing Soft” means that upon the occurrence of a trigger event (as specified in the related Mortgage Loan documents), the borrower is required to establish a lockbox account that will be under lender control and the borrower or property manager is required to collect rents from the tenants and then deposit those rents into such lockbox account. “Springing Hard” means that upon a trigger event (as specified in the related Mortgage Loan documents), each tenant will be required to transfer its rent directly to a lender-controlled lockbox. “Soft Springing Hard” means that the borrower has established a lockbox account that will be under lender control and the borrower or property manager must collect rents from the tenants and then deposit those rents into such lockbox account. Upon a trigger event (as specified |
A-1-10
in the related Mortgage Loan documents), each tenant will be required to transfer its rent directly into a lender-controlled lockbox. | |
(10) | “In Place” means, with respect to Cash Management, that related property cash flows go through a waterfall of required reserve or other payment amounts due before the lender either (i) disburses excess cash to the related borrower or (ii) retains excess cash as additional collateral for the Mortgage Loan. “Springing” means that upon the occurrence of a trigger event, as defined in the related Mortgage Loan documents, In Place cash management (as described above) will take effect, and will generally continue until all trigger events are cured (to the extent a cure is permitted under the related Mortgage Loan documents). |
(11) | Loan No. 1 – Google and Amazon Office Portfolio – The Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area are calculated based on the mortgage loan included in the Issuing Entity and the related pari passu companion loans in aggregate. |
Loan No. 2 – 60 Hudson Street – The Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area are calculated based on the mortgage loan included in the Issuing Entity and the related pari passu companion loan in the aggregate. | |
Loan No. 3 – 625 Madison Avenue – The Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area are calculated based on the mortgage loan included in the Issuing Entity and the related pari passu companion loan in the aggregate. | |
Loan No. 4 – Saint Louis Galleria – The Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area are calculated based on the mortgage loan included in the Issuing Entity as well as the senior pooled component of the related pari passu companion loan in the aggregate but do not include the junior non-pooled component of the related pari passu companion loan. | |
Loan No. 8 – 175 West Jackson – The Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area are calculated based on the mortgage loan included in the Issuing Entity and the related pari passu companion loans in the aggregate. | |
Loan No. 11 – Kalahari Resort and Convention Center – The Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area are calculated based on the mortgage loan included in the Issuing Entity and the related pari passu companion loans in the aggregate. | |
Loan No. 13 – McKinley Mall – The Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area are calculated based on the mortgage loan included in the Issuing Entity and the related pari passu companion loan in the aggregate. | |
Loan No. 17 – Capital Crossing – The Cut-off Date LTV Ratio, Underwritten NOI Debt Yield and Underwritten NCF Debt Yield are calculated net of a $1.0 million unit renovation reserve. | |
(12) | The grace periods noted under “Grace Period” reflect the number of days of grace before a payment default is an event of default. Certain jurisdictions impose a statutorily longer grace period. Certain of the Mortgage Loans may additionally be subject to grace periods with respect to the occurrence of an event of default (other than a payment default) and/or commencement of late charges which are not addressed in Annex A 1 to this free writing prospectus. |
A-1-11
(13) | Prepayment Provisions (# of payments) are shown from the respective Mortgage Loan First Payment Date. “L(x)” means lock-out for x payments. “D(x)” means may be defeased for x payments. “DorYM1(x)” means at the borrower’s option may be defeased for x payments or prepaid for x payments with the payment of the greater of a yield maintenance charge and 1% of the amount prepaid. “YM1(x)” means may be prepaid for x payments with payment of the greater of a yield maintenance charge and 1% of the amount prepaid. “O(x)” means freely prepayable for x payments, including the maturity date or anticipated repayment date. Certain of the Mortgage Loans permit the release of a portion of a Mortgaged Property (or an individual Mortgaged Property, in connection with a portfolio mortgage loan) and certain of the Mortgage Loans permit the substitution of another property or addition of new collateral, in each case under various circumstances, as described in this free writing prospectus. For additional information, see “Description of the Mortgage Pool—Certain Terms and Conditions of the Mortgage Loans—Property Releases” in this free writing prospectus. |
Loan No. 1 – Google and Amazon Office Portfolio – The lockout period will be at least 24 payment dates beginning with and including the first payment date of February 6, 2014. Prepayment of the full $452.2 million Google and Amazon Office Portfolio Loan Combination with payment of a penalty equal to the greater of yield maintenance or 1% and is permitted after the date that is earlier to occur of (i) two years after the closing date of the securitization that includes the last pari passu note to be securitized, and (ii) February 6, 2017. For the purposes of this free writing prospectus, the assumed lockout period of 24 months is based on the expected COMM 2014-CCRE14 securitization closing date in January 2014. The actual lockout period may be longer. | |
Loan No. 1 – Google and Amazon Office Portfolio – After the expiration of the lockout period and in conjunction with an arm’s length sale to an unrelated third party, the borrowers may obtain the partial release of (i) the entirety of the Technology Corners Mortgaged Property, (ii) one of the four parcels which comprise the Technology Corners Mortgaged Property or (iii) the Moffett Towers Building D Mortgaged Property, provided the borrower satisfies certain conditions for release as set forth in the related mortgage loan documents. See “Annex B—Description of the Top 20 Mortgage Loans—Google and Amazon Office Portfolio” in this free writing prospectus. | |
Loan No. 3 – 625 Madison Avenue – The lockout period will be at least 25 payment dates beginning with and including the first payment date of January 6, 2014. Defeasance of the full $195.0 million 625 Madison Avenue Loan Combination is permitted after the date that is earlier to occur of (i) two years after the closing date of the securitization that includes the last pari passu note to be securitized and (ii) November 25, 2016. For the purposes of this free writing prospectus, the assumed lockout period of 25 months is based on the expected COMM 2014-CCRE14 securitization closing date in January 2014. The actual lockout period may be longer. | |
Loan No. 4 – Saint Louis Galleria – The borrower has the right, at its own expense, to acquire one or more parcels to become additional collateral for the loan whereupon, after amending the mortgage, such parcel will constitute a portion of the Saint Louis Galleria Mortgaged Property. Such expansion is permitted if, among other requirements and conditions, such expansion does not adversely affect the DSCR with respect to the loan (except in a de minimis manner, as determined by lender). | |
Loan No. 6 – City Square – After the expiration of the lockout period, the partial release of individual release parcels with partial defeasance is permitted provided the borrower satisfies certain conditions for release as set forth in the related mortgage loan documents. | |
Loan No. 7 – Dallas FBI – In connection with the exercise of the building expansion right, the borrower may obtain the release of the expansion space, provided, among other things per the loan documents, (i) the LTV for the remaining property should not exceed the lesser of the LTV immediately preceding such release and 68.5%, (ii) the debt yield for the remaining property shall be no less than the greater of the debt yield immediately preceding such release and 9.29%. |
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Loan No. 10 – Bedford and Victoria Multifamily Portfolio – After the expiration of the lockout period, the borrowers may obtain the release of either of the properties from the lien of the related mortgage upon a sale of such property, provided the borrower satisfies certain conditions for release as set forth in the related mortgage loan documents, including partial defeasance of the related release amount. |
Loan No. 12 – Shaner Hotel Portfolio II – After the expiration of the lockout period, the partial release of a Mortgaged Property with partial defeasance is permitted provided the borrower satisfies certain conditions for release as set forth in the related mortgage loan documents. | |
Loan No. 13 – McKinley Mall – The lockout period will be at least 30 payment dates beginning with and including the first payment date of August 5, 2013. Prepayment of the full $38.0 million McKinley Mall Loan Combination is permitted on or after the date that is earlier to occur of (i) two years after the closing date of the securitization that includes the last pari passu note to be securitized, and (ii) June 13, 2017. For the purposes of this prospectus supplement, the assumed lockout period of 30 months is based on the expected COMM 2014-CCRE14 securitization closing date in January 2014. The actual lockout period may be longer. | |
Loan No. 14 – Carlisle Commons – From and after February 13, 2022, the borrower may obtain the release of the Wal-Mart parcel, provided, among other things per the loan documents, (i) the debt yield for the remaining property shall be no less than the greater of (a) the closing date debt yield and (b) the debt yield immediately preceding such partial release (ii) the LTV for the remaining property shall not exceed the lesser of the LTV immediately preceding such release and 73.3%, and (iii) the DSCR for the remaining property shall be no less than the greater of the DSCR immediately preceding such release and 1.47x. At any date after the lockout period ends, the borrower may obtain the release of the Tractor Supply Co. parcel, provided, among other things per the loan documents, (i) the LTV for the remaining property shall not exceed 70.0%, (ii) the debt yield for the remaining property shall not be less than 10.15%. | |
Loan No. 18 – West Palm Portfolio – After the expiration of the lockout period, the borrowers may obtain the release of one or more of the properties from the lien of the related mortgage and partially defease the loan, provided the borrower satisfies certain conditions for release as set forth in the related mortgage loan documents. | |
Loan No. 22 – Baton Rouge Office Portfolio Pool 2 – After the expiration of the lockout period (or with respect to the Sherwood Oaks Mortgaged Property, at any time), the release of either the Citiplace One or Latter Center West Mortgaged Properties is permitted provided the borrower satisfies certain conditions for release as set forth in the related mortgage loan documents, including partial defeasance of the related release amount. Partial release of the Sherwood Oaks Mortgaged Property is permitted at any time during the loan term with the payment of a 3% of the respective property’s release amount. | |
Loan No. 23 - Albuquerque SSA – In connection with the exercise of the building expansion right, the borrower may obtain the release of the expansion space, provided, among other things per the loan documents, (i) the LTV for the remaining property should not exceed the lesser of the LTV immediately preceding such release and 69.6%, (ii) the debt yield for the remaining property shall be no less than the greater of the debt yield immediately preceding such release and 9.55%. | |
Loan No. 27 - McAllen FBI – In connection with the exercise of the building expansion right, the borrower may obtain the release of the expansion space, provided, among other things per the loan documents, (i) the LTV for the remaining property should not exceed the lesser of the LTV immediately preceding such release and 66.5%, (ii) the debt yield for the remaining property shall be no less than the greater of the debt yield immediately preceding such release and 9.87%. | |
Loan No. 28 – ART Florida MF Portfolio – After the expiration of the lockout period, the partial release of a Mortgaged Property with partial defeasance is permitted provided the borrower satisfies certain conditions for release as set forth in the related mortgage loan documents. | |
Loan No. 29 - Storage Master Self Storage Portfolio – At any date after the lockout period ends, the borrower may obtain the release of any individual property, provided, among other things per the loan documents, (i) the LTV for the remaining properties shall not exceed the lesser of the LTV immediately preceding such release and the funding date LTV, (ii) the DSCR for the remaining properties is not less than the greater of the DSCR immediately preceding the partial release and the funding date DSCR, and (iii) the borrower defeases to the lender the greater of 125% of the allocated loan amount for the release property or 100% of the net sales proceeds from the sale of the released property. |
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Loan No. 40 - Flint Creek Crossing – In the event Morgan Stanley re-measures their space in accordance with their lease and rent is reduced, the borrower is required to pay down the principal of the Flint Creek Crossing Mortgage Loan (with the applicable yield maintenance premium) to a level that results in a debt yield of 9.38%. | |
Loan No. 44 – Family Dollar Portfolio – At any date after the lockout period ends, the borrower may obtain the release of any individual property, provided, among other things per the loan documents, (i) the DSCR for the remaining properties shall be not less than the greater of (a) the DSCR on the date hereof and (b) the DSCR immediately preceding such partial release, (ii) the LTV for the remaining property shall be no more than the lesser of the LTV immediately preceding such release and 75.0%, (iii) borrower delivers to lender the greater of (a) 125% of the allocated loan amount for the release property or (b) 100% of the net sales proceeds from the sale of the released property. | |
Loan No. 49 – McKinney Self Storage Portfolio – At any date after the lockout period ends, the borrower may obtain the release of any individual property, provided, among other things per the loan documents, (i) the LTV for the remaining properties shall not exceed the lesser of the LTV immediately preceding such release and the funding date LTV, (ii) the DSCR for the remaining properties is not less than the greater of the DSCR immediately preceding the partial release and the funding date DSCR, and (iii) the borrower defeases to lender the greater of 120% of the allocated loan amount for the release property or 100% of the net sales proceeds from the sale of the released property. | |
(14) | The following Mortgaged Properties consist, in whole or in part, of the respective borrower’s interest in one or more ground leases, space leases, air rights leases or other similar leasehold interests: |
Loan No. 12 – Shaner Hotel Portfolio II – The Holiday Inn Express State College Mortgaged Property, Hampton Inn State College Mortgaged Property and SpringHill Suites State College Mortgaged Property are subject to ground leases with expirations of August 11, 2035 and three, ten year extension options. The annual ground rent under the leases is 5.0% of gross revenue. The Fairfield Inn State College Mortgage Property is subject to a ground lease with an expiration of August 3, 2027 with no extension options. The annual ground rent under the lease is currently $71,500 and increases by 10.0% in August 2017 and August 2022. | |
Loan No. 16 – Metro Shops at PG Station – The Metro Shops at PG Station Mortgaged Property is subject to a ground lease with the Washington Metropolitan Area Transit Authority with an expiration of December 11, 2101 and no extension options. | |
Loan No. 20 – 16530 Ventura Boulevard – The 16530 Ventura Boulevard Mortgaged Property is subject to a ground lease with an expiration of June 10, 2054 and no extension options. The annual ground rent under the lease is currently $491,286 and increases annually at a rate equivalent to CPI. | |
Loan No. 46 – Fairfield Inn & Suites Boca – The Fairfield Inn & Suites Boca Mortgaged Property is subject to a ground lease with an expiration date of January 22, 2073 and no extension options. The annual ground rent under the lease is currently $67,788. Fixed rent shall adjust annually on each anniversary date of the master lease (the lease immediately superior to the collateral ground lease) (the “Rent Adjustment Date”) to an amount equal to the product of the current annual rent, including any prior adjustments, multiplied by a fraction, the numerator being the CPI published for the October immediately preceding the Rent Adjustment Date, and the denominator being the CPI for the October 12 months prior to the Rent Adjustment Date. | |
(15) | The following tenants that occupy 5% or greater of the net rentable area at the property are borrower affiliates: |
Loan No. 31 – GRM Miami Indianapolis Portfolio – The Largest Tenant, GRM, which is an affiliate of the borrower, leases approximately 100.0% of the net rentable area at each of the GRM Indianapolis, GRM Green and GRM Miami Mortgaged Properties. | |
(16) | The lease expiration dates shown are based on full lease terms. However, in certain cases, a tenant may have the option to terminate its lease or abate rent prior to the stated lease expiration date for no reason after a specified period of time and/or upon notice to the borrower or upon the occurrence of certain contingencies including, without limitation, if the borrower violates the lease or fails to provide utilities or certain essential services for a specified period or allows certain restricted uses, upon interference with tenant’s use of access or parking, upon casualty or condemnation, for zoning violations, if certain anchor or key tenants (including at an adjacent property) or a certain number of tenants go dark or cease operations, if |
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a certain percentage of the net rentable area at the property is not occupied, if the tenant fails to meet sales targets or business objectives, or, in the case of a government tenant, for lack of appropriations or other reasons. In addition, in some instances, a tenant may have the right to assign its lease and be released from its obligations under the subject lease. Furthermore, some tenants may have the option to downsize their rented space without terminating the lease completely. In addition to the foregoing, the following are early non contingent termination options for those tenants listed in Annex A 1: | |
Loan No. 4 – Saint Louis Galleria – The 3rd Largest Tenant at the Saint Louis Galleria Mortgaged Property, H&M, has the right to terminate its lease during the 120 day period following December 31, 2013, with 90 days prior written notice, provided its sales for the calendar year 2013 fail to exceed $5,165,200. The 5th Largest Tenant at the Saint Louis Galleria Mortgaged Property, Love Culture, has the right to terminate its lease during the 120 day period following November 30, 2015, with 90 days prior written notice, provided its sales for the trailing 12 months ended November 30, 2015 fail to equal or exceed $2,500,000. | |
Loan No. 6 – City Square – The Largest Tenant, Ace Parking Management, Inc., manages 1,156 parking spaces in a subterranean parking garage that is part of the collateral. Ace Parking Management, Inc. has the right to terminate its lease at any time with 12 months prior notice. The 2nd Largest Tenant, Chevron, has the right to terminates its lease with respect to 1,438 sq. ft. of storage space upon 30 days written notice. | |
Loan No. 8 – 175 West Jackson – The Largest Tenant at the 175 West Jackson Mortgaged Property, Classified Ventures, LLC, has the option to terminate its lease (i) with respect to 40,814 sq. ft. of 18th floor space, on June 30, 2015 with 12 months prior notice and payment of a termination fee of (a) $348,382.50 on or before December 31, 2014 and (b) $348,382.50 on or before December 31, 2015, (ii) with respect to 31,877 sq. ft. of sixth floor space and 67,687 sq. ft. of eighth floor space, on June 30, 2015 with notice given on or before April 1, 2014 and payment of a termination fee of (a) $1,026,120 on or before April 1, 2014 and (b) $1,026,120 on or before June 30, 2015 and (iii) with respect to 28,581 of 18th floor space, on December 31, 2015 with 12 months prior notice and payment of a termination fee equal to unamortized costs under the lease at 8% interest per annum. The 2nd Largest Tenant, Grant Thornton, has the option to terminate its lease on October 31, 2015 with 12 months prior notice and payment of a termination fee equal to $25.00 PSF, 50% of which will be payable upon giving notice and the balance due on or before October 31, 2015. The 3rd Largest Tenant, TWG Holdings, Inc., has the option to terminate its lease on April 30, 2019 with 12 months prior notice and payment of a termination fee of $4,464,022, 50% of which will be payable upon giving notice and the balance due within six months thereafter. The 4th Largest Tenant, Securities and Exchange Commission, has the option to terminate its lease at any time after January 31, 2015 with no less than six months prior notice without a termination fee; however, for every $1.00 PSF of tenant allowance used by the tenant, the Securities and Exchange Commission’s right to exercise the termination option is delayed by six months. | |
Loan No. 20 – 16530 Ventura Boulevard – The 4th Largest Tenant, Orens Universal Inc DBA Plaza Travel, has a one-time option to terminate its lease as of October 31, 2017 with 180 days notice and payment of a termination fee which includes the unamortized portion of the tenant improvement allowance and broker’s commission as well as three months rent. The 5th Largest Tenant, Green Lien Collections, Inc., has the option to terminate its lease with respect to 1,053 sq. ft. of its space at any time with at least 60 days notice. | |
Loan No. 21 – 149 New Montgomery – The 2nd Largest Tenant, Kaplan, Inc., may terminate its lease at any time on or after September 30, 2014 upon 9 months prior notice. There is a penalty in connection with the early termination of the lease equal to (i) the unamortized portion of the brokers' commissions and tenant improvement allowance paid by the landlord plus (ii) $137,250 representing the base rent that would have been payable by the tenant for 3 months of the 6th year of the lease term. | |
Loan No. 22 – Baton Rouge Office Portfolio Pool 2 – The 2nd Largest Tenant at the Citiplace One Mortgaged Property, IRS, may terminate its lease in whole or in part at any time with at least 60 days prior notice or upon acceptance of a new lease at the same location. The 2nd Largest Tenant at the Sherwood Oaks Mortgaged Property, Beginner’s Mind Inc (CRC), has the option to terminate its lease in the exclusive case that the tenant is no longer funded by government contract upon payment of all unamortized leasing commissions and refund of any and all attributable tenant improvements. The 3rd Largest Tenant at the Sherwood Oaks Mortgaged Property, JP Morgan Chase, has the one-time right to terminate its lease effective April 19, 2014 with six months prior notice and payment of unamortized tenant improvements and leasing commissions based upon a 10 year amortization at a rate of 10.0%. The 5th Largest Tenant at the Citiplace One Mortgaged Property, Secret Service (US-GSA), may terminate its lease at any time after the fifth full year of occupancy with 60 days prior written notice. |
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Loan No. 24 – La Terraza San Diego – The 4th Largest Tenant, Oak Creek Energy Systems, has the one-time right to terminate its lease effective December 31, 2015, with twelve months written notice and subject to a termination fee equal to $516,502. Oak Creek Energy Systems also has the right to terminate its lease of storage space at any time with at least 30 days prior notice. | |
Loan No. 25 – Perryville Corporate Park – The Largest Tenant, Ikaria, may terminate its lease at any time on or after June 30, 2016 upon 12 months prior written notice. There is a penalty in connection with the early termination of the lease equal to (i) the unamortized portion of the brokers' commissions and tenant improvement allowance paid by the landlord plus (ii) $10% interest on such amount. | |
Loan No. 40 – Flint Creek Crossing – The Largest Tenant, Morgan Stanley, may terminate its lease at any time on or after October 31, 2020 upon 270 days prior written notice. There is a penalty in connection with the early termination of the lease equal to the base rent and additional rent payable by the tenant for the immediately preceding 9 month period, plus the unamortized costs. | |
Loan No. 52 – Walgreens – N. Muskegon – The lease expiration date of May 31, 2028 for the Walgreens – N. Muskegon Mortgaged Property represents the termination option of the lease and Walgreens has a full lease term expiration of May 31, 2078. | |
Loan No. 55 – Walgreens – Livonia – The Walgreens – Livonia Mortgaged Property tenant expiration of August 31, 2023 represents the termination option of the lease and Walgreens has a full lease term expiration of August 31, 2063. | |
(17) | The following major tenants (listed on Annex A-1) are currently subleasing all or a significant portion of its leased space: |
Loan No. 21 – 149 New Montgomery – The Largest Tenant at the 149 New Montgomery Mortgaged Property, Wikimedia Foundation, Inc. is currently subleasing 11,335 sq. ft. on the fifth floor to Morse Project, Inc. for a term from January 1, 2013 through December 31, 2014 at a rental rate of $49 per sq. ft. for the first year and $50 per sq. ft. for the second year with the first month’s rent free. | |
(18) | The following major tenants shown on Annex A-1 are currently in a rent abatement or free rent period (or have a scheduled rent abatement or free rent period in the future): |
Loan No. 1 – Google and Amazon Office Portfolio – The Largest Tenant at the Moffett Towers Building D Mortgaged Property, A2Z Development Center, Inc. (“A2Z”), a subsidiary of Amazon.com Inc., is in a rent abatement period until March 1, 2014. At closing, $2,209,233 was reserved for the two remaining months of abated rent due to A2Z under its lease. | |
Loan No. 8 – 175 West Jackson – The Largest Tenant, Classified Ventures, LLC, is in a free rent period with respect to 14,581 sq. ft. of 18th floor space through December 31, 2013. The 5th Largest Tenant, Sedgwick, is in a free rent period with respect to 7,901 sq. ft. through March 31, 2014 and with respect to 80,174 sq. ft., June 1, 2016 through September 30, 2016. | |
Loan No. 24 – La Terraza San Diego – The 3rd Largest Tenant, Regus Corporation, is in a free rent period under its lease through May 1, 2015. At closing, the borrower reserved $330,459 related to this free rent. | |
Loan No. 26 – West Valley Business Park – The 3rd Largest Tenant, Alternative Counseling, has one month of free rent in September 2014. At closing, the borrower reserved $5,031 related to this free rent. |
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(19) | The following major tenants shown on Annex A-1 have signed leases but may or may not be open for business as of the Cut-off Date of the securitization. |
Loan No. 1 – Google and Amazon Office Portfolio – The Largest Tenant at the Technology Corners Mortgaged Property, Google, has signed a lease for 700,328 sq. ft. with a rent commencement date of November 1, 2013. Google is still completing tenant improvements and is expected to take occupancy of its space by July 2014. The Largest Tenant at the Moffett Towers Building D Mortgaged Property, A2Z Development Center, Inc. (“A2Z”), a subsidiary of Amazon.com Inc., has signed a lease for 357,481 sq. ft. with a rent commencement date of March 1, 2014. A2Z is expected to complete its tenant improvements and build-out of floors three through eight of its space and take occupancy of those floors in March 2014, and is expected to take full occupancy in June 2014. |
(20) | All upfront reserve balances reflect the upfront reserve amount at loan origination. The current balance may be less than the amount shown. |
Loan No. 9 – Miraval Resort & Spa – The Miraval Resort & Spa Mortgage Loan was structured with a $3,500,000 credit enhancement reserve. Revolution Living II LLC, one of the guarantors, posted $3,500,000 into the credit enhancement reserve account that lender has control over via a deposit account control agreement. Upon an event of default, lender can use the $3,500,000 to pay down the Miraval Resort & Spa Loan. This guarantor’s liability under the loan is capped at $3,500,000. | |
Loan No. 17 – Capital Crossing – The Capital Crossing Mortgage Loan was structured with a $1.0 million unit renovation reserve. Funds from the unit renovation reserve may be disbursed to the borrower on or before October 28, 2016 and subject to, among other things, (i) the DSCR is at least 1.30x, (ii) the debt yield (net of any unreleased portion of the unit renovation reserve) is at least 8.5% and (iii) all disbursements from the unit renovation reserve will be used for unit renovations as defined in the related mortgage loan documents. | |
(21) | All ongoing reserve balances reflect the ongoing reserve amount at loan origination. The current balance may be greater than or less than the amount shown. Monthly reserves required to be deposited in such accounts may be capped pursuant to the related Mortgage Loan documents. |
Loan No. 8 – 175 West Jackson – If the amount on deposit in the account for tenant improvements and leasing commissions is less than $2.8 million, the borrower will be required to deposit all available excess cash monthly into the tenant improvements and leasing commissions account. Additionally, if the amount on deposit in the free rent reserve is less than $1.0 million, the borrower is required to deposit all available excess cash monthly into the free rent reserve account. | |
Loan No. 11 – Kalahari Resort and Convention Center – If at the end of the first calendar quarter of each year the DSCR is less than or equal to 1.95x, the borrower will be required to deposit $403,438 into the Seasonal Working Capital Reserve in June, July and August of the same calendar year. The required monthly replacement deposit is 5.0% of the prior month’s gross revenues excluding gross revenues derived from non-collateral condominium units. | |
Loan No. 34 – Residence Inn Jacksonville – The required monthly replacement deposit will be equal to the greater of (i) 4% of the gross revenues for the second preceding month, (ii) the amount required under the franchise agreement, (iii) the amount required under the management agreement or (iv) the amount required under the operating lease. | |
Loan No. 40 – Flint Creek Crossing – Commencing on March 1, 2014, the borrower will be required to deposit $3,296 on each payment date into the TI/LC reserve subject to a cap of $118,668. | |
Loan No. 43 – Residence Inn Manchester – The required monthly replacement deposit will be equal to the greater of (i) 4% of the gross revenues for the second preceding month, (ii) the amount required under the franchise agreement, (iii) the amount required under the management agreement or (iv) the amount required under the operating lease. | |
Loan No. 46 – Fairfield Inn & Suites Boca – Commencing on January 5, 2015, the borrower will be required to deposit on each payment date into the FF&E reserve, 1/12 of 4.0% of the prior year's Gross Revenues. |
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(22) | Certain of the mortgage loans provide the borrower an option to provide a guaranty or post a letter of credit in lieu of reserve requirements. |
Loan No. 1 – Google and Amazon Office Portfolio – Notwithstanding any provision of this loan documents to the contrary, other than with respect to a Lease Sweep Period triggered or continuing due to a Lease Sweep Tenant Party Insolvency Proceeding (as described in the loan documents) or due to a casualty, a Lease Sweep Period will not be triggered (or, if already triggered, may be terminated) if the borrowers deliver to the lender a letter of credit (a “Lease Sweep Letter of Credit”) in an amount equal to $32,300,000 (the “Lease Sweep And Debt Service Reserve Cap”), which Lease Sweep Letter of Credit shall be held in accordance with and subject to the provisions of the loan documents. | |
Loan No. 4 – Saint Louis Galleria – At closing, the guarantor provided a guaranty for unpaid tenant improvements and leasing commission amounts. | |
Loan No. 8 – 175 West Jackson – At closing, the guarantor provided a guaranty for unpaid tenant improvements and leasing commissions and free rent amounts. | |
Loan No. 34 – Residence Inn Jacksonville – At closing, the guarantor provided a guaranty for required PIP work. | |
Loan No. 43 – Residence Inn Manchester – At closing, the guarantor provided a guaranty for required PIP work and the completion of renovation work. | |
Loan No. 51 – Dakota Apartments B (Stanley, ND) – In the event that a Cash Management Period is occurring solely as a result of a Missouri Basin Trigger Event, the borrower may post a letter of credit in a sum equal to (i) the percentage of the total annual rents attributable to apartment units under the Missouri Basin Lease multiplied by (ii) one year of debt service in order to prevent a “cash trap”. | |
(23) | Loan No. 49 – McKinney Self Storage Portfolio – The guarantors of the McKinney Self Storage Portfolio Mortgage Loan are Virtus Storage Management IV GP, LLC, Virtus Storage Investment IV, LP, Virtus Storage Investment IV Qualified, LP, Virtus Storage Investment IV Institutional, LP and Virtus Storage Investment Holdings IV, LP. |
(24) | With respect to the Mortgaged Properties identified below, the lender is insured under an environmental insurance policy obtained (i) in lieu of obtaining a Phase II Environmental Site Assessment, (ii) in lieu of providing an indemnity or guaranty from a sponsor or (iii) to address environmental conditions or concerns. For additional information, see “Risk Factors—Risks Related to the Mortgage Loans—Potential Issuing Entity Liability Related to a Materially Adverse Environmental Condition” in this free writing prospectus. |
% of Initial | Policy | ||||||||||||
Loan | Mortgaged Property Cut- | Outstanding | Maximum | Premium | Expiration | ||||||||
No. | Mortgaged Properties | off Date Balance | Pool Balance | Policy Amount | Paid in Full | Date | |||||||
31 | GRM Miami Indianapolis Portfolio | $12,672,651 | 0.9% | $3,000,000 | Yes | 10/07/2020 |
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(25) | Summary of Existing Pari Passu Debt |
Mortgage Loan | Companion | Loan Combination | Loan | Loan | |||||||||||
Loan | Cut-off Date | Loan Cut-off | Cut-off Date | Combination U/W | Combination Cut- | Loan Combination | |||||||||
No. | Mortgage Loan | Balance | Date Balance | Balance | NCF DSCR | off Date LTV Ratio | U/W NOI Debt Yield | ||||||||
1 | Google and Amazon Office Portfolio | $155,000,000 | $297,200,000 | $452,200,000 | 1.40x | 66.6% | 9.0% | ||||||||
2 | 60 Hudson Street | $155,000,000 | $125,000,000 | $280,000,000 | 4.53x | 28.7% | 19.3% | ||||||||
3 | 625 Madison Avenue | $110,000,000 | $85,000,000 | $195,000,000 | 1.03x | 48.8% | 2.4% | ||||||||
4 | Saint Louis Galleria(1) | $95,000,000 | $100,000,000 | $215,000,000 | 3.58x | 43.4% | 12.7% | ||||||||
8 | 175 West Jackson | $40,000,000 | $240,000,000 | $280,000,000 | 1.44x | 68.3% | 10.6% | ||||||||
11 | Kalahari Resort and Convention Center | $29,912,549 | $99,708,496 | $129,621,044 | 2.06x | 55.5% | 17.9% | ||||||||
13 | McKinley Mall | $28,000,000 | $10,000,000 | $38,000,000 | 1.60x | 67.3% | 11.7% | ||||||||
(1) With respect to the Saint Louis Galleria Companion Loan, the $20,000,000 Saint Louis Galleria Junior Non-Pooled Component is excluded for all calculations shown in the table above. The Loan Combination U/W NCF DSCR, Loan Combination Cut-off Date LTV Ratio and Loan Combination U/W NOI Debt Yield including the $20,000,000 Saint Louis Galleria Junior Non-Pooled Component are 3.19x, 47.9% and 11.5% respectively. |
(26) | Mezzanine Loan Summary |
Total | |||||||||||||||||||||||
Annual | Mezzanine | Debt Cut- | |||||||||||||||||||||
Mortgage Loan | % of Initial | Mezzanine | Interest Rate | Loan | off Date | Total Debt | Total Debt | ||||||||||||||||
Loan | Cut-off Date | Outstanding | Debt Cut-off | on Mezzanine | Maturity | Intercreditor | LTV | U/W NCF | U/W NOI | ||||||||||||||
No. | Mortgage Loan | Balance | Pool Balance | Date Balance | Loan | Date | Agreement | Ratio | DSCR | Debt Yield | |||||||||||||
1 | Google and Amazon Office Portfolio | $155,000,000 | 11.3% | $67,800,000 | 7.8500% | 1/6/2024 | Yes | 76.6% | 1.15x | 7.8% | |||||||||||||
3 | 625 Madison Avenue(1) | $110,000,000 | 8.0% | $195,000,000 | 6.0000% | 6/6/2023 | Yes | 97.5% | 1.03x | 1.2% | |||||||||||||
6 | City Square | $47,500,000 | 3.4% | $7,500,000 | 11.1200% | 1/6/2019 | Yes | 82.7% | 1.15x | 8.9% | |||||||||||||
17 | Capital Crossing(2) | $25,500,000 | 1.9% | $2,500,000 | 12.0000% | 11/6/2023 | Yes | 78.7% | 1.06x | 7.9% | |||||||||||||
19 | Alta Vista Ridge(3) | $22,250,000 | 1.6% | $3,000,000 | 12.6000% | 1/5/2024 | Yes | 84.2% | 1.00x | 7.4% | |||||||||||||
(1) The 625 Madison Avenue mezzanine loan is interest only for the full loan term and is not required to be paid each month. The mezzanine lender will receive a 10.0000% look back IRR at the earlier of (i) the mezzanine loan maturity or (ii) repayment of the mezzanine loan in full. The mezzanine loan is pre-payable during its term, subject to certain terms set forth in the mezzanine loan documents. | ||
(2) The Total Debt Cut-off Date LTV Ratio and Total Debt U/W NOI Debt Yield for the Capital Crossing Mortgage Loan are calculated net of a $1.0 million unit renovation reserve. Based on the cut-off date mortgage loan balance of $25.5 million, the Total Debt Cut-off Date LTV Ratio and Total Debt U/W NOI Debt Yield are 81.6% and 7.6%, respectively. | ||
(3) The amortization term for Alta Vista Ridge is calculated based on the combined amortization schedule for the Alta Vista Ridge Mortgage Loan and the related mezzanine loan. The amortization and payment schedule can be found in Annex I - Alta Vista Ridge Amortization Schedule of this free writing prospectus. |
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