FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-184376-12 | ||
COMM 2014-CCRE15 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, Jefferies LLC, CastleOak Securities, L.P. , KeyBanc Capital Markets Inc. 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-CCRE15 (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-CCRE15 | ||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES |
% of | Mortgage | Mortgage | Cut-off | Maturity | General | Detailed | Interest | |||||||||||||||||||||||||
Property | Initial Pool | # of | Loan | Loan | Original | Date Balance | or ARD | Property | Property | Interest | Total | Additional | Administrative | Accrual | ||||||||||||||||||
Flag | ID | Property Name | Balance | Properties | Originator(1) | Seller(2) | Balance($)(3)(4) | ($)(3)(4)(8) | Balance($)(8) | Type(6) | Type(6) | Rate(7) | Strip | Strip | Fee Rate(5) | Basis | ||||||||||||||||
Loan | 1 | Google and Amazon Office Portfolio(29)(30) | 10.9% | 2 | GACC | GACC | 110,000,000 | 110,000,000 | 100,172,379 | Office | Suburban | 5.03496% | 0.0150% | 0.0000% | 0.0150% | Actual/360 | ||||||||||||||||
Property | 1.01 | Technology Corners | 7.0% | 1 | GACC | GACC | 70,865,385 | 70,865,385 | Office | Suburban | ||||||||||||||||||||||
Property | 1.02 | Moffett Towers Building D | 3.9% | 1 | GACC | GACC | 39,134,615 | 39,134,615 | Office | Suburban | ||||||||||||||||||||||
Loan | 2 | AMC Portfolio Pool I | 8.7% | 7 | GACC | GACC | 87,505,954 | 87,505,954 | 78,862,734 | Manufactured Housing Community | Manufactured Housing Community | 4.91500% | 0.0175% | 0.0000% | 0.0175% | Actual/360 | ||||||||||||||||
Property | 2.01 | Northwood | 2.4% | 1 | GACC | GACC | 23,852,269 | 23,852,269 | Manufactured Housing Community | Manufactured Housing Community | ||||||||||||||||||||||
Property | 2.02 | Stonegate | 2.0% | 1 | GACC | GACC | 20,440,527 | 20,440,527 | Manufactured Housing Community | Manufactured Housing Community | ||||||||||||||||||||||
Property | 2.03 | North Bluff | 1.4% | 1 | GACC | GACC | 13,916,317 | 13,916,317 | Manufactured Housing Community | Manufactured Housing Community | ||||||||||||||||||||||
Property | 2.04 | Grand Place | 1.2% | 1 | GACC | GACC | 12,419,940 | 12,419,940 | Manufactured Housing Community | Manufactured Housing Community | ||||||||||||||||||||||
Property | 2.05 | Shady Grove | 0.9% | 1 | GACC | GACC | 9,546,893 | 9,546,893 | Manufactured Housing Community | Manufactured Housing Community | ||||||||||||||||||||||
Property | 2.06 | Timber Heights | 0.4% | 1 | GACC | GACC | 3,791,074 | 3,791,074 | Manufactured Housing Community | Manufactured Housing Community | ||||||||||||||||||||||
Property | 2.07 | Maple Run | 0.4% | 1 | GACC | GACC | 3,538,934 | 3,538,934 | Manufactured Housing Community | Manufactured Housing Community | ||||||||||||||||||||||
Loan | 3 | 625 Madison Avenue(29)(30) | 8.4% | 1 | GACC | GACC | 85,000,000 | 85,000,000 | 85,000,000 | Other | Leased Fee | 2.30000% | 0.0150% | 0.0000% | 0.0150% | 30/360 | ||||||||||||||||
Loan | 4 | 25 West 45th Street | 6.9% | 1 | GACC | GACC | 70,000,000 | 70,000,000 | 64,478,318 | Office | CBD | 4.92200% | 0.0175% | 0.0000% | 0.0175% | Actual/360 | ||||||||||||||||
Loan | 5 | 1760 Third Avenue(29)(30) | 6.5% | 1 | Natixis | Natixis | 65,000,000 | 65,000,000 | 65,000,000 | Multifamily | Student Housing | 4.57860% | 0.0150% | 0.0000% | 0.0150% | Actual/360 | ||||||||||||||||
Loan | 6 | 600 Commonwealth | 3.7% | 1 | GACC | GACC | 37,250,000 | 37,250,000 | 32,319,638 | Office | CBD | 5.11000% | 0.0175% | 0.0000% | 0.0175% | Actual/360 | ||||||||||||||||
Loan | 7 | One Sun Plaza | 3.7% | 1 | JLC | JLC | 37,000,000 | 36,960,843 | 30,431,536 | Office | Suburban | 5.01750% | 0.0175% | 0.0000% | 0.0175% | Actual/360 | ||||||||||||||||
Loan | 8 | Kingsport Portfolio(30) | 3.2% | 4 | Natixis | Natixis | 32,700,000 | 32,660,711 | 29,902,019 | Multifamily | Garden | 4.10230% | 0.0175% | 0.0000% | 0.0175% | Actual/360 | ||||||||||||||||
Property | 8.01 | Allandale Falls Apartments | 1.3% | 1 | Natixis | Natixis | 12,932,666 | 12,917,127 | Multifamily | Garden | ||||||||||||||||||||||
Property | 8.02 | Cross Creek Apartments | 1.0% | 1 | Natixis | Natixis | 9,794,994 | 9,783,225 | Multifamily | Garden | ||||||||||||||||||||||
Property | 8.03 | Brandy Mill Apartments | 0.5% | 1 | Natixis | Natixis | 5,293,116 | 5,286,756 | Multifamily | Garden | ||||||||||||||||||||||
Property | 8.04 | The Landings at Silver Lake | 0.5% | 1 | Natixis | Natixis | 4,679,224 | 4,673,602 | Multifamily | Garden | ||||||||||||||||||||||
Loan | 9 | Winchester FEMA | 2.9% | 1 | Natixis | Natixis | 29,450,000 | 29,388,301 | 24,265,181 | Office | Suburban | 5.07000% | 0.0625% | 0.0000% | 0.0625% | Actual/360 | ||||||||||||||||
Loan | 10 | Media Park Santa Monica | 2.7% | 1 | GACC | GACC | 27,625,000 | 27,625,000 | 17,395,614 | Office | Suburban | 4.99000% | 0.0175% | 0.0000% | 0.0175% | Actual/360 | ||||||||||||||||
Loan | 11 | Spanish Oaks Apartments | 2.7% | 1 | JLC | JLC | 27,000,000 | 27,000,000 | 22,421,196 | Multifamily | Garden | 5.32000% | 0.0175% | 0.0000% | 0.0175% | Actual/360 | ||||||||||||||||
Loan | 12 | Ingleside Plantation | 2.5% | 1 | GACC | GACC | 24,825,000 | 24,825,000 | 21,962,187 | Multifamily | Garden | 4.98000% | 0.0475% | 0.0000% | 0.0475% | Actual/360 | ||||||||||||||||
Loan | 13 | Hillsdale Portfolio | 2.4% | 1 | JLC | JLC | 24,300,000 | 24,300,000 | 21,082,378 | Industrial | Flex | 5.10700% | 0.0175% | 0.0000% | 0.0175% | Actual/360 | ||||||||||||||||
Loan | 14 | GRM South Brunswick | 2.0% | 1 | GACC | GACC | 20,500,000 | 20,419,437 | 19,050,313 | Industrial | Warehouse/Distribution | 5.52000% | 0.0175% | 0.0000% | 0.0175% | Actual/360 | ||||||||||||||||
Loan | 15 | River Falls Shopping Center | 1.8% | 1 | GACC | GACC | 18,000,000 | 17,981,408 | 14,853,765 | Retail | Anchored | 5.12000% | 0.0175% | 0.0000% | 0.0175% | Actual/360 | ||||||||||||||||
Loan | 16 | Best Western Plus Hawthorne Terrace | 1.7% | 1 | JLC | JLC | 17,000,000 | 16,965,296 | 14,056,364 | Hospitality | Limited Service | 5.17900% | 0.0175% | 0.0000% | 0.0175% | Actual/360 | ||||||||||||||||
Loan | 17 | Orange MHC | 1.6% | 1 | CCRE | CCRE | 16,500,000 | 16,500,000 | 16,500,000 | Manufactured Housing Community | Manufactured Housing Community | 5.37050% | 0.0375% | 0.0200% | 0.0175% | Actual/360 | ||||||||||||||||
Loan | 18 | Decatur Renaissance | 1.6% | 1 | JLC | JLC | 16,000,000 | 16,000,000 | 14,981,389 | Office | CBD | 4.72800% | 0.0175% | 0.0000% | 0.0175% | Actual/360 | ||||||||||||||||
Loan | 19 | Klopfer Industrial Portfolio | 1.6% | 4 | GACC | GACC | 16,000,000 | 15,983,355 | 13,190,570 | Industrial | Various | 5.09000% | 0.0475% | 0.0000% | 0.0475% | Actual/360 | ||||||||||||||||
Property | 19.01 | RR Donnelly Warehouse | 0.5% | 1 | GACC | GACC | 4,834,810 | 4,829,780 | Industrial | Warehouse/Distribution | ||||||||||||||||||||||
Property | 19.02 | Grifols (Talecris) Building | 0.5% | 1 | GACC | GACC | 4,576,954 | 4,572,193 | Industrial | Flex | ||||||||||||||||||||||
Property | 19.03 | North Sails Warehouse | 0.3% | 1 | GACC | GACC | 3,416,600 | 3,413,046 | Industrial | Warehouse/Distribution | ||||||||||||||||||||||
Property | 19.04 | Time Warner Cable Building | 0.3% | 1 | GACC | GACC | 3,171,636 | 3,168,337 | Industrial | Flex | ||||||||||||||||||||||
Loan | 20 | Century Court Apartments | 1.4% | 1 | CCRE | CCRE | 14,100,000 | 14,061,152 | 11,315,475 | Multifamily | Garden | 5.70600% | 0.0375% | 0.0200% | 0.0175% | Actual/360 | ||||||||||||||||
Loan | 21 | Marriott Hotel & Conference Center Spartanburg(30) | 1.4% | 1 | Natixis | Natixis | 14,000,000 | 14,000,000 | 12,484,367 | Hospitality | Full Service | 5.14200% | 0.0175% | 0.0000% | 0.0175% | Actual/360 | ||||||||||||||||
Loan | 22 | Hilton Garden Inn Springfield OR | 1.4% | 1 | GACC | GACC | 14,000,000 | 13,986,369 | 11,643,330 | Hospitality | Limited Service | 5.36500% | 0.0175% | 0.0000% | 0.0175% | Actual/360 | ||||||||||||||||
Loan | 23 | 840 Westchester(30) | 1.4% | 1 | CCRE | CCRE | 14,000,000 | 13,979,480 | 10,568,550 | Mixed Use | Retail/Office | 5.27200% | 0.0375% | 0.0200% | 0.0175% | Actual/360 | ||||||||||||||||
Loan | 24 | Chestnut Ridge | 1.3% | 1 | GACC | GACC | 13,350,000 | 13,336,046 | 12,324,335 | Multifamily | Garden | 5.07000% | 0.0175% | 0.0000% | 0.0175% | Actual/360 | ||||||||||||||||
Loan | 25 | Homewood Suites Lafayette LA | 1.3% | 1 | GACC | GACC | 13,000,000 | 13,000,000 | 10,771,504 | Hospitality | Extended Stay | 5.25000% | 0.0175% | 0.0000% | 0.0175% | Actual/360 | ||||||||||||||||
Loan | 26 | Driscoll Place Apartments | 1.3% | 1 | GACC | GACC | 12,975,000 | 12,975,000 | 10,972,070 | Multifamily | Garden | 5.06000% | 0.0175% | 0.0000% | 0.0175% | Actual/360 | ||||||||||||||||
Loan | 27 | Custer Crossing | 1.3% | 1 | CCRE | CCRE | 12,840,000 | 12,840,000 | 5,546,600 | Multifamily | Garden | 5.31000% | 0.0375% | 0.0200% | 0.0175% | Actual/360 | ||||||||||||||||
Loan | 28 | ART Indiana MF Portfolio | 1.1% | 2 | CCRE | CCRE | 11,000,000 | 11,000,000 | 9,315,683 | Multifamily | Garden | 5.11150% | 0.0375% | 0.0200% | 0.0175% | Actual/360 | ||||||||||||||||
Property | 28.01 | Acadia Court | 0.8% | 1 | CCRE | CCRE | 7,897,000 | 7,897,000 | Multifamily | Garden | ||||||||||||||||||||||
Property | 28.02 | Brandon Court | 0.3% | 1 | CCRE | CCRE | 3,103,000 | 3,103,000 | Multifamily | Garden | ||||||||||||||||||||||
Loan | 29 | Residence Inn Baton Rouge | 1.0% | 1 | CCRE | CCRE | 10,450,000 | 10,450,000 | 9,747,691 | Hospitality | Extended Stay | 4.42800% | 0.0375% | 0.0200% | 0.0175% | Actual/360 | ||||||||||||||||
Loan | 30 | Regal Court | 1.0% | 1 | JLC | JLC | 10,350,000 | 10,350,000 | 9,437,542 | Multifamily | Garden | 5.47900% | 0.0175% | 0.0000% | 0.0175% | Actual/360 | ||||||||||||||||
Loan | 31 | The Cove Apartments | 1.0% | 1 | GACC | GACC | 9,750,000 | 9,750,000 | 9,196,672 | Multifamily | Garden | 5.35000% | 0.0175% | 0.0000% | 0.0175% | Actual/360 | ||||||||||||||||
Loan | 32 | Wyndham Hotel Oklahoma City | 0.9% | 1 | CCRE | CCRE | 9,000,000 | 9,000,000 | 6,266,274 | Hospitality | Full Service | 5.60800% | 0.0375% | 0.0200% | 0.0175% | Actual/360 | ||||||||||||||||
Loan | 33 | TownePlace Suites Boise | 0.8% | 1 | CCRE | CCRE | 8,450,000 | 8,450,000 | 7,882,104 | Hospitality | Extended Stay | 4.42800% | 0.0375% | 0.0200% | 0.0175% | Actual/360 | ||||||||||||||||
Loan | 34 | Oasis at Regal Oaks | 0.7% | 1 | Natixis | Natixis | 7,500,000 | 7,492,161 | 6,179,081 | Multifamily | Garden | 5.07000% | 0.0175% | 0.0000% | 0.0175% | Actual/360 | ||||||||||||||||
Loan | 35 | Fort Davis Center | 0.7% | 1 | GACC | GACC | 6,835,500 | 6,835,500 | 5,944,063 | Mixed Use | Retail/Office | 5.20000% | 0.0825% | 0.0000% | 0.0825% | Actual/360 | ||||||||||||||||
Loan | 36 | Walgreens SW Portfolio | 0.6% | 2 | CCRE | CCRE | 6,550,000 | 6,550,000 | 4,218,467 | Retail | Single Tenant | 5.55400% | 0.0375% | 0.0200% | 0.0175% | Actual/360 | ||||||||||||||||
Property | 36.01 | Walgreens - Weatherford, OK | 0.4% | 1 | CCRE | CCRE | 3,610,000 | 3,610,000 | Retail | Single Tenant | ||||||||||||||||||||||
Property | 36.02 | Walgreens (Goodwill) - Missouri City, TX | 0.3% | 1 | CCRE | CCRE | 2,940,000 | 2,940,000 | Retail | Single Tenant | ||||||||||||||||||||||
Loan | 37 | TownePlace Suites Pocatello | 0.6% | 1 | CCRE | CCRE | 6,500,000 | 6,500,000 | 6,063,157 | Hospitality | Extended Stay | 4.42800% | 0.0375% | 0.0200% | 0.0175% | Actual/360 | ||||||||||||||||
Loan | 38 | Redhawk Pavilion | 0.6% | 1 | CCRE | CCRE | 6,300,000 | 6,294,039 | 5,258,510 | Retail | Anchored | 5.48100% | 0.0375% | 0.0200% | 0.0175% | Actual/360 | ||||||||||||||||
Loan | 39 | StoreSmart Self Storage | 0.6% | 1 | CCRE | CCRE | 5,600,000 | 5,589,147 | 4,661,996 | Self Storage | Self Storage | 5.39400% | 0.0375% | 0.0200% | 0.0175% | Actual/360 | ||||||||||||||||
Loan | 40 | Value Place Raleigh | 0.5% | 1 | GACC | GACC | 5,300,000 | 5,291,968 | 4,722,295 | Hospitality | Extended Stay | 5.09000% | 0.0175% | 0.0000% | 0.0175% | Actual/360 | ||||||||||||||||
Loan | 41 | Westshore Landing | 0.5% | 1 | JLC | JLC | 5,287,000 | 5,287,000 | 4,601,656 | Multifamily | Garden | 5.23400% | 0.0175% | 0.0000% | 0.0175% | Actual/360 | ||||||||||||||||
Loan | 42 | Residence Inn San Antonio | 0.5% | 1 | CCRE | CCRE | 5,250,000 | 5,250,000 | 4,897,165 | Hospitality | Extended Stay | 4.42800% | 0.0375% | 0.0200% | 0.0175% | Actual/360 | ||||||||||||||||
Loan | 43 | Sierra Place | 0.5% | 1 | Natixis | Natixis | 4,850,000 | 4,844,437 | 4,449,973 | Multifamily | Garden | 4.67000% | 0.0175% | 0.0000% | 0.0175% | Actual/360 | ||||||||||||||||
Loan | 44 | Brookfield North Apartments | 0.4% | 1 | CCRE | CCRE | 4,500,000 | 4,500,000 | 3,742,628 | Multifamily | Garden | 5.36900% | 0.0375% | 0.0200% | 0.0175% | Actual/360 | ||||||||||||||||
Loan | 45 | Siegel Suites Twain | 0.4% | 1 | JLC | JLC | 3,600,000 | 3,577,861 | 2,838,221 | Multifamily | Flexible Apartments | 6.55000% | 0.0175% | 0.0000% | 0.0175% | Actual/360 | ||||||||||||||||
Loan | 46 | Evergreen Plaza - Everett, WA | 0.3% | 1 | Natixis | Natixis | 3,200,000 | 3,196,995 | 2,673,556 | Retail | Unanchored | 5.51200% | 0.0175% | 0.0000% | 0.0175% | Actual/360 | ||||||||||||||||
Loan | 47 | Eustis Plaza | 0.3% | 1 | Natixis | Natixis | 3,100,000 | 3,100,000 | 2,576,475 | Retail | Anchored | 5.34700% | 0.0175% | 0.0000% | 0.0175% | Actual/360 | ||||||||||||||||
Loan | 48 | Market at Horn Lake | 0.3% | 1 | Natixis | Natixis | 3,000,000 | 3,000,000 | 2,506,607 | Retail | Anchored | 5.51700% | 0.0175% | 0.0000% | 0.0175% | Actual/360 | ||||||||||||||||
Loan | 49 | 224 South 3rd Street | 0.2% | 1 | CCRE | CCRE | 1,900,000 | 1,896,244 | 1,304,264 | Multifamily | Mid Rise | 4.64550% | 0.0375% | 0.0200% | 0.0175% | Actual/360 |
A-1-1
COMM 2014-CCRE15 | ||||||||||||||||||||||||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||||||||||||||||||||||||
Companion | Companion | |||||||||||||||||||||||||||||||
% of | Original | Remaining | Original | Remaining | First | Monthly | Annual | Loan | Loan | Remaining | ||||||||||||||||||||||
Property | Initial Pool | Term to | Term to | Amortization | Amortization | Payment | Maturity | ARD Loan | Final | Debt | Debt | Monthly Debt | Annual Debt | Interest Only | ||||||||||||||||||
Flag | ID | Property Name | Balance | Maturity or ARD | Maturity or ARD | Term | Term | Date | or ARD Date(7) | (Yes/No) | Maturity Date | Service($)(8)(9) | Service($)(9) | Service($)(8) | Service($) | Period | ||||||||||||||||
Loan | 1 | Google and Amazon Office Portfolio(29)(30) | 10.9% | 120 | 119 | 360 | 360 | 02/06/2014 | 01/06/2024 | No | 01/06/2024 | 583,914 | 7,006,971 | 1,816,504 | 21,798,049 | 47 | ||||||||||||||||
Property | 1.01 | Technology Corners | 7.0% | |||||||||||||||||||||||||||||
Property | 1.02 | Moffett Towers Building D | 3.9% | |||||||||||||||||||||||||||||
Loan | 2 | AMC Portfolio Pool I | 8.7% | 120 | 119 | 360 | 360 | 02/01/2014 | 01/01/2024 | No | 01/01/2024 | 465,216 | 5,582,588 | 46 | ||||||||||||||||||
Property | 2.01 | Northwood | 2.4% | |||||||||||||||||||||||||||||
Property | 2.02 | Stonegate | 2.0% | |||||||||||||||||||||||||||||
Property | 2.03 | North Bluff | 1.4% | |||||||||||||||||||||||||||||
Property | 2.04 | Grand Place | 1.2% | |||||||||||||||||||||||||||||
Property | 2.05 | Shady Grove | 0.9% | |||||||||||||||||||||||||||||
Property | 2.06 | Timber Heights | 0.4% | |||||||||||||||||||||||||||||
Property | 2.07 | Maple Run | 0.4% | |||||||||||||||||||||||||||||
Loan | 3 | 625 Madison Avenue(29)(30) | 8.4% | 60 | 58 | 0 | 0 | 01/06/2014 | 12/06/2018 | Yes | 12/06/2026 | 162,917 | 1,955,000 | 210,833 | 2,530,000 | 58 | ||||||||||||||||
Loan | 4 | 25 West 45th Street | 6.9% | 120 | 119 | 360 | 360 | 02/06/2014 | 01/06/2024 | No | 01/06/2024 | 372,445 | 4,469,344 | 59 | ||||||||||||||||||
Loan | 5 | 1760 Third Avenue(29)(30) | 6.5% | 60 | 60 | 0 | 0 | 03/05/2014 | 02/05/2019 | No | 02/05/2019 | 251,452 | 3,017,425 | 290,137 | 3,481,644 | 60 | ||||||||||||||||
Loan | 6 | 600 Commonwealth | 3.7% | 120 | 119 | 360 | 360 | 02/06/2014 | 01/06/2024 | No | 01/06/2024 | 202,478 | 2,429,733 | 23 | ||||||||||||||||||
Loan | 7 | One Sun Plaza | 3.7% | 120 | 119 | 360 | 359 | 02/06/2014 | 01/06/2024 | No | 01/06/2024 | 199,020 | 2,388,239 | |||||||||||||||||||
Loan | 8 | Kingsport Portfolio(30) | 3.2% | 60 | 59 | 360 | 359 | 02/05/2014 | 01/05/2019 | No | 01/05/2019 | 155,435 | 1,865,217 | |||||||||||||||||||
Property | 8.01 | Allandale Falls Apartments | 1.3% | |||||||||||||||||||||||||||||
Property | 8.02 | Cross Creek Apartments | 1.0% | |||||||||||||||||||||||||||||
Property | 8.03 | Brandy Mill Apartments | 0.5% | |||||||||||||||||||||||||||||
Property | 8.04 | The Landings at Silver Lake | 0.5% | |||||||||||||||||||||||||||||
Loan | 9 | Winchester FEMA | 2.9% | 120 | 118 | 360 | 358 | 01/05/2014 | 12/05/2023 | No | 12/05/2023 | 159,356 | 1,912,275 | |||||||||||||||||||
Loan | 10 | Media Park Santa Monica | 2.7% | 120 | 120 | 240 | 240 | 03/06/2014 | 02/06/2024 | Yes | 01/06/2031 | 182,160 | 2,185,922 | |||||||||||||||||||
Loan | 11 | Spanish Oaks Apartments | 2.7% | 120 | 120 | 360 | 360 | 03/06/2014 | 02/06/2024 | No | 02/06/2024 | 150,268 | 1,803,213 | |||||||||||||||||||
Loan | 12 | Ingleside Plantation | 2.5% | 120 | 119 | 360 | 360 | 02/06/2014 | 01/06/2024 | No | 01/06/2024 | 132,963 | 1,595,552 | 35 | ||||||||||||||||||
Loan | 13 | Hillsdale Portfolio | 2.4% | 120 | 117 | 360 | 360 | 12/06/2013 | 11/06/2023 | No | 11/06/2023 | 132,041 | 1,584,496 | 21 | ||||||||||||||||||
Loan | 14 | GRM South Brunswick | 2.0% | 60 | 56 | 360 | 356 | 11/06/2013 | 10/06/2018 | No | 10/06/2018 | 116,654 | 1,399,849 | |||||||||||||||||||
Loan | 15 | River Falls Shopping Center | 1.8% | 120 | 119 | 360 | 359 | 02/06/2014 | 01/06/2024 | No | 01/06/2024 | 97,952 | 1,175,427 | |||||||||||||||||||
Loan | 16 | Best Western Plus Hawthorne Terrace | 1.7% | 120 | 118 | 360 | 358 | 01/06/2014 | 12/06/2023 | No | 12/06/2023 | 93,128 | 1,117,541 | |||||||||||||||||||
Loan | 17 | Orange MHC | 1.6% | 120 | 119 | 0 | 0 | 02/06/2014 | 01/06/2024 | No | 01/06/2024 | 74,870 | 898,440 | 119 | ||||||||||||||||||
Loan | 18 | Decatur Renaissance | 1.6% | 60 | 58 | 360 | 360 | 01/06/2014 | 12/06/2018 | No | 12/06/2018 | 83,252 | 999,018 | 10 | ||||||||||||||||||
Loan | 19 | Klopfer Industrial Portfolio | 1.6% | 120 | 119 | 360 | 359 | 02/06/2014 | 01/06/2024 | No | 01/06/2024 | 86,774 | 1,041,284 | |||||||||||||||||||
Property | 19.01 | RR Donnelly Warehouse | 0.5% | |||||||||||||||||||||||||||||
Property | 19.02 | Grifols (Talecris) Building | 0.5% | |||||||||||||||||||||||||||||
Property | 19.03 | North Sails Warehouse | 0.3% | |||||||||||||||||||||||||||||
Property | 19.04 | Time Warner Cable Building | 0.3% | |||||||||||||||||||||||||||||
Loan | 20 | Century Court Apartments | 1.4% | 60 | 59 | 204 | 203 | 02/06/2014 | 01/06/2019 | No | 01/06/2019 | 108,129 | 1,297,546 | |||||||||||||||||||
Loan | 21 | Marriott Hotel & Conference Center Spartanburg(30) | 1.4% | 60 | 60 | 300 | 300 | 03/05/2014 | 02/05/2019 | No | 02/05/2019 | 83,005 | 996,060 | |||||||||||||||||||
Loan | 22 | Hilton Garden Inn Springfield OR | 1.4% | 120 | 119 | 360 | 359 | 02/06/2014 | 01/06/2024 | No | 01/06/2024 | 78,309 | 939,705 | |||||||||||||||||||
Loan | 23 | 840 Westchester(30) | 1.4% | 120 | 119 | 300 | 299 | 02/06/2014 | 01/06/2024 | No | 01/06/2024 | 84,076 | 1,008,918 | |||||||||||||||||||
Loan | 24 | Chestnut Ridge | 1.3% | 60 | 59 | 360 | 359 | 02/06/2014 | 01/06/2019 | No | 01/06/2019 | 72,238 | 866,855 | |||||||||||||||||||
Loan | 25 | Homewood Suites Lafayette LA | 1.3% | 120 | 120 | 360 | 360 | 03/01/2014 | 02/01/2024 | No | 02/01/2024 | 71,786 | 861,438 | |||||||||||||||||||
Loan | 26 | Driscoll Place Apartments | 1.3% | 120 | 119 | 360 | 360 | 02/06/2014 | 01/06/2024 | No | 01/06/2024 | 70,129 | 841,550 | 11 | ||||||||||||||||||
Loan | 27 | Custer Crossing | 1.3% | 120 | 120 | 180 | 180 | 03/06/2014 | 02/06/2024 | No | 02/06/2024 | 103,623 | 1,243,481 | |||||||||||||||||||
Loan | 28 | ART Indiana MF Portfolio | 1.1% | 120 | 119 | 360 | 360 | 02/06/2014 | 01/06/2024 | No | 01/06/2024 | 59,802 | 717,627 | 11 | ||||||||||||||||||
Property | 28.01 | Acadia Court | 0.8% | |||||||||||||||||||||||||||||
Property | 28.02 | Brandon Court | 0.3% | |||||||||||||||||||||||||||||
Loan | 29 | Residence Inn Baton Rouge | 1.0% | 60 | 59 | 360 | 360 | 02/06/2014 | 01/06/2019 | No | 01/06/2019 | 52,503 | 630,030 | 11 | ||||||||||||||||||
Loan | 30 | Regal Court | 1.0% | 120 | 120 | 360 | 360 | 03/06/2014 | 02/06/2024 | No | 02/06/2024 | 58,630 | 703,558 | 48 | ||||||||||||||||||
Loan | 31 | The Cove Apartments | 1.0% | 60 | 59 | 360 | 360 | 02/06/2014 | 01/06/2019 | No | 01/06/2019 | 54,445 | 653,344 | 11 | ||||||||||||||||||
Loan | 32 | Wyndham Hotel Oklahoma City | 0.9% | 120 | 120 | 240 | 240 | 03/06/2014 | 02/06/2024 | No | 02/06/2024 | 62,460 | 749,521 | |||||||||||||||||||
Loan | 33 | TownePlace Suites Boise | 0.8% | 60 | 59 | 360 | 360 | 02/06/2014 | 01/06/2019 | No | 01/06/2019 | 42,454 | 509,450 | 11 | ||||||||||||||||||
Loan | 34 | Oasis at Regal Oaks | 0.7% | 120 | 119 | 360 | 359 | 02/05/2014 | 01/05/2024 | No | 01/05/2024 | 40,583 | 486,997 | |||||||||||||||||||
Loan | 35 | Fort Davis Center | 0.7% | 120 | 119 | 360 | 360 | 02/06/2014 | 01/06/2024 | No | 01/06/2024 | 37,534 | 450,414 | 23 | ||||||||||||||||||
Loan | 36 | Walgreens SW Portfolio | 0.6% | 120 | 120 | 240 | 240 | 03/06/2014 | 02/06/2024 | No | 02/06/2024 | 45,257 | 543,079 | |||||||||||||||||||
Property | 36.01 | Walgreens - Weatherford, OK | 0.4% | |||||||||||||||||||||||||||||
Property | 36.02 | Walgreens (Goodwill) - Missouri City, TX | 0.3% | |||||||||||||||||||||||||||||
Loan | 37 | TownePlace Suites Pocatello | 0.6% | 60 | 59 | 360 | 360 | 02/06/2014 | 01/06/2019 | No | 01/06/2019 | 32,657 | 391,885 | 11 | ||||||||||||||||||
Loan | 38 | Redhawk Pavilion | 0.6% | 120 | 119 | 360 | 359 | 02/06/2014 | 01/06/2024 | No | 01/06/2024 | 35,696 | 428,348 | |||||||||||||||||||
Loan | 39 | StoreSmart Self Storage | 0.6% | 120 | 118 | 360 | 358 | 01/06/2014 | 12/06/2023 | No | 12/06/2023 | 31,425 | 377,097 | |||||||||||||||||||
Loan | 40 | Value Place Raleigh | 0.5% | 60 | 59 | 300 | 299 | 02/06/2014 | 01/06/2019 | No | 01/06/2019 | 31,262 | 375,142 | |||||||||||||||||||
Loan | 41 | Westshore Landing | 0.5% | 120 | 118 | 360 | 360 | 01/06/2014 | 12/06/2023 | No | 12/06/2023 | 29,143 | 349,712 | 22 | ||||||||||||||||||
Loan | 42 | Residence Inn San Antonio | 0.5% | 60 | 59 | 360 | 360 | 02/06/2014 | 01/06/2019 | No | 01/06/2019 | 26,377 | 316,522 | 11 | ||||||||||||||||||
Loan | 43 | Sierra Place | 0.5% | 60 | 59 | 360 | 359 | 02/05/2014 | 01/05/2019 | No | 01/05/2019 | 25,067 | 300,799 | |||||||||||||||||||
Loan | 44 | Brookfield North Apartments | 0.4% | 120 | 120 | 360 | 360 | 03/06/2014 | 02/06/2024 | No | 02/06/2024 | 25,182 | 302,183 | |||||||||||||||||||
Loan | 45 | Siegel Suites Twain | 0.4% | 120 | 115 | 300 | 295 | 10/06/2013 | 09/06/2023 | No | 09/06/2023 | 24,420 | 293,041 | |||||||||||||||||||
Loan | 46 | Evergreen Plaza - Everett, WA | 0.3% | 120 | 119 | 360 | 359 | 02/05/2014 | 01/05/2024 | No | 01/05/2024 | 18,193 | 218,320 | |||||||||||||||||||
Loan | 47 | Eustis Plaza | 0.3% | 120 | 120 | 360 | 360 | 03/05/2014 | 02/05/2024 | No | 02/05/2024 | 17,305 | 207,660 | |||||||||||||||||||
Loan | 48 | Market at Horn Lake | 0.3% | 120 | 120 | 360 | 360 | 03/05/2014 | 02/05/2024 | No | 02/05/2024 | 17,066 | 204,788 | |||||||||||||||||||
Loan | 49 | 224 South 3rd Street | 0.2% | 120 | 119 | 270 | 269 | 02/06/2014 | 01/06/2024 | No | 01/06/2024 | 11,356 | 136,278 |
A-1-2
COMM 2014-CCRE15 | ||||||||||||||||||||||||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||||||||||||||||||||||||
% of | Crossed | Underwritten | Underwritten | FIRREA | Cut-off | LTV Ratio | ||||||||||||||||||||||||||
Property | Initial Pool | Cash | With | Related | NOI | NCF | Grace | Payment | Appraised | Appraisal | Compliant | Date LTV | at Maturity | |||||||||||||||||||
Flag | ID | Property Name | Balance | Lockbox(10) | Management(11) | Other Loans | Borrower | DSCR(8)(9)(12) | DSCR(8)(9)(12) | Period(13) | Date | Value ($)(14) | As-of Date(14) | (Yes/No) | Ratio(12)(14) | or ARD(12)(14) | ||||||||||||||||
Loan | 1 | Google and Amazon Office Portfolio(29)(30) | 10.9% | 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 | 7.0% | 438,000,000 | 12/02/2013 | Yes | ||||||||||||||||||||||||||
Property | 1.02 | Moffett Towers Building D | 3.9% | 241,000,000 | 12/02/2013 | Yes | ||||||||||||||||||||||||||
Loan | 2 | AMC Portfolio Pool I | 8.7% | Springing Soft | Springing | No | 1.26x | 1.23x | 5 | 1 | 116,957,000 | Various | Yes | 74.8% | 67.4% | |||||||||||||||||
Property | 2.01 | Northwood | 2.4% | 31,880,000 | 12/06/2013 | Yes | ||||||||||||||||||||||||||
Property | 2.02 | Stonegate | 2.0% | 27,320,000 | 12/06/2013 | Yes | ||||||||||||||||||||||||||
Property | 2.03 | North Bluff | 1.4% | 18,600,000 | 12/12/2013 | Yes | ||||||||||||||||||||||||||
Property | 2.04 | Grand Place | 1.2% | 16,600,000 | 12/12/2013 | Yes | ||||||||||||||||||||||||||
Property | 2.05 | Shady Grove | 0.9% | 12,760,000 | 12/06/2013 | Yes | ||||||||||||||||||||||||||
Property | 2.06 | Timber Heights | 0.4% | 5,067,000 | 11/30/2013 | Yes | ||||||||||||||||||||||||||
Property | 2.07 | Maple Run | 0.4% | 4,730,000 | 11/30/2013 | Yes | ||||||||||||||||||||||||||
Loan | 3 | 625 Madison Avenue(29)(30) | 8.4% | Hard | In Place | No | 1.03x | 1.03x | 0 | 6 | 400,000,000 | 11/01/2013 | Yes | 48.8% | 48.8% | |||||||||||||||||
Loan | 4 | 25 West 45th Street | 6.9% | Hard | Springing | No | 1.40x | 1.29x | 0 | 6 | 107,000,000 | 11/19/2013 | Yes | 65.4% | 60.3% | |||||||||||||||||
Loan | 5 | 1760 Third Avenue(29)(30) | 6.5% | Hard | In Place | No | 1.70x | 1.67x | 0 | 5 | 211,000,000 | 12/11/2013 | Yes | 66.4% | 66.4% | |||||||||||||||||
Loan | 6 | 600 Commonwealth | 3.7% | Hard | Springing | No | 1.67x | 1.55x | 0 | 6 | 50,000,000 | 11/19/2013 | Yes | 74.5% | 64.6% | |||||||||||||||||
Loan | 7 | One Sun Plaza | 3.7% | Hard | Springing | No | 1.60x | 1.50x | 0 | 6 | 54,800,000 | 11/08/2013 | Yes | 67.4% | 55.5% | |||||||||||||||||
Loan | 8 | Kingsport Portfolio(30) | 3.2% | Soft | In Place | No | 1.95x | 1.80x | 0 | 5 | 46,475,000 | 10/25/2013 | Yes | 70.3% | 64.3% | |||||||||||||||||
Property | 8.01 | Allandale Falls Apartments | 1.3% | 15,950,000 | 10/25/2013 | Yes | ||||||||||||||||||||||||||
Property | 8.02 | Cross Creek Apartments | 1.0% | 15,200,000 | 10/25/2013 | Yes | ||||||||||||||||||||||||||
Property | 8.03 | Brandy Mill Apartments | 0.5% | 9,550,000 | 10/25/2013 | Yes | ||||||||||||||||||||||||||
Property | 8.04 | The Landings at Silver Lake | 0.5% | 5,775,000 | 10/25/2013 | Yes | ||||||||||||||||||||||||||
Loan | 9 | Winchester FEMA | 2.9% | Hard | Springing | No | 1.40x | 1.38x | 0 | 5 | 44,000,000 | 10/02/2013 | Yes | 66.8% | 55.1% | |||||||||||||||||
Loan | 10 | Media Park Santa Monica | 2.7% | Springing Hard | Springing | No | 1.48x | 1.40x | 0 | 6 | 36,850,000 | 07/29/2013 | Yes | 75.0% | 47.2% | |||||||||||||||||
Loan | 11 | Spanish Oaks Apartments | 2.7% | Soft | Springing | No | 1.40x | 1.27x | 0 | 6 | 37,000,000 | 12/03/2013 | Yes | 73.0% | 60.6% | |||||||||||||||||
Loan | 12 | Ingleside Plantation | 2.5% | Soft | Springing | No | 1.37x | 1.32x | 0 | 6 | 34,650,000 | 11/20/2013 | Yes | 71.6% | 63.4% | |||||||||||||||||
Loan | 13 | Hillsdale Portfolio | 2.4% | Hard | Springing | No | 1.64x | 1.45x | 0 | 6 | 37,800,000 | 09/13/2013 | Yes | 64.3% | 55.8% | |||||||||||||||||
Loan | 14 | GRM South Brunswick | 2.0% | Hard | In Place | No | 1.44x | 1.41x | 0 | 6 | 29,400,000 | 09/01/2014 | Yes | 69.5% | 64.8% | |||||||||||||||||
Loan | 15 | River Falls Shopping Center | 1.8% | Springing Hard | Springing | No | Yes - A | 1.52x | 1.37x | 0 | 6 | 24,000,000 | 11/26/2013 | Yes | 74.9% | 61.9% | ||||||||||||||||
Loan | 16 | Best Western Plus Hawthorne Terrace | 1.7% | Hard | Springing | No | 1.80x | 1.64x | 0 | 6 | 29,000,000 | 10/28/2013 | Yes | 58.5% | 48.5% | |||||||||||||||||
Loan | 17 | Orange MHC | 1.6% | Springing Soft | Springing | No | 1.60x | 1.59x | 0 | 6 | 30,000,000 | 10/17/2013 | Yes | 55.0% | 55.0% | |||||||||||||||||
Loan | 18 | Decatur Renaissance | 1.6% | Hard | Springing | No | 1.85x | 1.60x | 0 | 6 | 24,500,000 | 09/20/2013 | Yes | 65.3% | 61.1% | |||||||||||||||||
Loan | 19 | Klopfer Industrial Portfolio | 1.6% | Hard | Springing | No | 2.01x | 1.90x | 0 | 6 | 24,820,000 | Various | Yes | 64.4% | 53.1% | |||||||||||||||||
Property | 19.01 | RR Donnelly Warehouse | 0.5% | 7,500,000 | 11/12/2013 | Yes | ||||||||||||||||||||||||||
Property | 19.02 | Grifols (Talecris) Building | 0.5% | 7,100,000 | 11/13/2013 | Yes | ||||||||||||||||||||||||||
Property | 19.03 | North Sails Warehouse | 0.3% | 5,300,000 | 11/12/2013 | Yes | ||||||||||||||||||||||||||
Property | 19.04 | Time Warner Cable Building | 0.3% | 4,920,000 | 11/18/2013 | Yes | ||||||||||||||||||||||||||
Loan | 20 | Century Court Apartments | 1.4% | Soft | Springing | No | 1.79x | 1.73x | 0 | 6 | 24,800,000 | 12/17/2013 | Yes | 56.7% | 45.6% | |||||||||||||||||
Loan | 21 | Marriott Hotel & Conference Center Spartanburg(30) | 1.4% | Soft | Springing | No | 2.14x | 1.70x | 0 | 5 | 21,800,000 | 12/09/2013 | Yes | 64.2% | 57.3% | |||||||||||||||||
Loan | 22 | Hilton Garden Inn Springfield OR | 1.4% | Hard | Springing | No | 1.77x | 1.55x | 0 | 6 | 21,100,000 | 11/19/2013 | Yes | 66.3% | 55.2% | |||||||||||||||||
Loan | 23 | 840 Westchester(30) | 1.4% | Soft Springing Hard | Springing | No | Yes - A | 1.41x | 1.35x | 0 | 6 | 21,600,000 | 10/15/2013 | Yes | 64.7% | 48.9% | ||||||||||||||||
Loan | 24 | Chestnut Ridge | 1.3% | Soft Springing Hard | Springing | No | 1.43x | 1.31x | 0 | 6 | 17,800,000 | 11/21/2013 | Yes | 74.9% | 69.2% | |||||||||||||||||
Loan | 25 | Homewood Suites Lafayette LA | 1.3% | Hard | Springing | No | 2.01x | 1.79x | 0 | 1 | 20,300,000 | 12/01/2013 | Yes | 64.0% | 53.1% | |||||||||||||||||
Loan | 26 | Driscoll Place Apartments | 1.3% | Soft Springing Hard | Springing | No | 1.49x | 1.30x | 0 | 6 | 17,300,000 | 12/24/2013 | Yes | 75.0% | 63.4% | |||||||||||||||||
Loan | 27 | Custer Crossing | 1.3% | Soft Springing Hard | Springing | No | 1.36x | 1.34x | 0 | 6 | 17,840,000 | 01/08/2014 | Yes | 72.0% | 31.1% | |||||||||||||||||
Loan | 28 | ART Indiana MF Portfolio | 1.1% | Soft Springing Hard | Springing | No | 1.46x | 1.34x | 0 | 6 | 15,600,000 | 12/10/2013 | Yes | 70.5% | 59.7% | |||||||||||||||||
Property | 28.01 | Acadia Court | 0.8% | 11,200,000 | 12/10/2013 | Yes | ||||||||||||||||||||||||||
Property | 28.02 | Brandon Court | 0.3% | 4,400,000 | 12/10/2013 | Yes | ||||||||||||||||||||||||||
Loan | 29 | Residence Inn Baton Rouge | 1.0% | Hard | Springing | No | Yes - B | 2.31x | 2.05x | 0 | 6 | 15,300,000 | 11/19/2013 | Yes | 68.3% | 63.7% | ||||||||||||||||
Loan | 30 | Regal Court | 1.0% | Soft Springing Hard | Springing | No | 1.37x | 1.27x | 0 | 6 | 13,800,000 | 11/15/2013 | Yes | 75.0% | 68.4% | |||||||||||||||||
Loan | 31 | The Cove Apartments | 1.0% | Springing Soft | Springing | No | 1.74x | 1.59x | 0 | 6 | 13,000,000 | 12/01/2014 | Yes | 75.0% | 70.7% | |||||||||||||||||
Loan | 32 | Wyndham Hotel Oklahoma City | 0.9% | Springing Soft | Springing | No | 1.60x | 1.32x | 0 | 6 | 12,500,000 | 11/01/2013 | Yes | 72.0% | 50.1% | |||||||||||||||||
Loan | 33 | TownePlace Suites Boise | 0.8% | Hard | Springing | No | Yes - B | 2.41x | 2.12x | 0 | 6 | 15,600,000 | 11/16/2013 | Yes | 54.2% | 50.5% | ||||||||||||||||
Loan | 34 | Oasis at Regal Oaks | 0.7% | Soft | Springing | No | 1.71x | 1.55x | 0 | 5 | 12,000,000 | 10/11/2013 | Yes | 62.4% | 51.5% | |||||||||||||||||
Loan | 35 | Fort Davis Center | 0.7% | Hard | Springing | No | 1.64x | 1.51x | 0 | 6 | 9,600,000 | 11/06/2013 | Yes | 71.2% | 61.9% | |||||||||||||||||
Loan | 36 | Walgreens SW Portfolio | 0.6% | Hard | In Place | No | 1.23x | 1.22x | 0 | 6 | 9,430,000 | Various | Yes | 69.5% | 44.7% | |||||||||||||||||
Property | 36.01 | Walgreens - Weatherford, OK | 0.4% | 5,200,000 | 11/08/2013 | Yes | ||||||||||||||||||||||||||
Property | 36.02 | Walgreens (Goodwill) - Missouri City, TX | 0.3% | 4,230,000 | 11/06/2013 | Yes | ||||||||||||||||||||||||||
Loan | 37 | TownePlace Suites Pocatello | 0.6% | Hard | Springing | No | Yes - B | 2.28x | 2.00x | 0 | 6 | 10,400,000 | 11/15/2013 | Yes | 62.5% | 58.3% | ||||||||||||||||
Loan | 38 | Redhawk Pavilion | 0.6% | Hard | Springing | No | 1.32x | 1.28x | 0 | 6 | 8,900,000 | 10/23/2013 | Yes | 70.7% | 59.1% | |||||||||||||||||
Loan | 39 | StoreSmart Self Storage | 0.6% | Soft | Springing | No | 1.39x | 1.34x | 0 | 6 | 7,640,000 | 10/29/2013 | Yes | 73.2% | 61.0% | |||||||||||||||||
Loan | 40 | Value Place Raleigh | 0.5% | Hard | Springing | No | 2.13x | 1.99x | 0 | 6 | 7,800,000 | 12/01/2013 | Yes | 67.8% | 60.5% | |||||||||||||||||
Loan | 41 | Westshore Landing | 0.5% | None | None | No | 1.47x | 1.38x | 0 | 6 | 7,075,000 | 10/10/2013 | Yes | 74.7% | 65.0% | |||||||||||||||||
Loan | 42 | Residence Inn San Antonio | 0.5% | Hard | Springing | No | Yes - B | 2.37x | 1.95x | 0 | 6 | 7,200,000 | 11/18/2013 | Yes | 72.9% | 68.0% | ||||||||||||||||
Loan | 43 | Sierra Place | 0.5% | Soft Springing Hard | Springing | No | 1.43x | 1.34x | 0 | 5 | 6,800,000 | 10/03/2013 | Yes | 71.2% | 65.4% | |||||||||||||||||
Loan | 44 | Brookfield North Apartments | 0.4% | Springing Soft | Springing | No | 1.37x | 1.28x | 0 | 6 | 6,200,000 | 11/19/2013 | Yes | 72.6% | 60.4% | |||||||||||||||||
Loan | 45 | Siegel Suites Twain | 0.4% | Soft | Springing | No | 1.50x | 1.30x | 0 | 6 | 5,600,000 | 08/06/2013 | Yes | 63.9% | 50.7% | |||||||||||||||||
Loan | 46 | Evergreen Plaza - Everett, WA | 0.3% | Hard | Springing | No | 1.48x | 1.39x | 0 | 5 | 5,000,000 | 11/21/2013 | Yes | 63.9% | 53.5% | |||||||||||||||||
Loan | 47 | Eustis Plaza | 0.3% | Hard | Springing | No | Yes - C | 2.32x | 1.93x | 0 | 5 | 5,300,000 | 07/14/2013 | Yes | 58.5% | 48.6% | ||||||||||||||||
Loan | 48 | Market at Horn Lake | 0.3% | Hard | Springing | No | Yes - C | 1.66x | 1.40x | 0 | 5 | 4,300,000 | 08/12/2013 | Yes | 69.8% | 58.3% | ||||||||||||||||
Loan | 49 | 224 South 3rd Street | 0.2% | None | None | No | 1.95x | 1.88x | 0 | 6 | 5,800,000 | 12/12/2013 | Yes | 32.7% | 22.5% |
A-1-3
COMM 2014-CCRE15 | ||||||||||||||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES |
Net | ||||||||||||||||||||||
% of | Rentable Area | |||||||||||||||||||||
Property | Initial Pool | Year | Year | (SF/Units | ||||||||||||||||||
Flag | ID | Property Name | Balance | Address | City | County | State | Zip Code | Built | Renovated | Rooms/Pads) | |||||||||||
Loan | 1 | Google and Amazon Office Portfolio(29)(30) | 10.9% | Various | Sunnyvale | Santa Clara | CA | 94089 | Various | Various | 1,057,809 | |||||||||||
Property | 1.01 | Technology Corners | 7.0% | 803, 805, 807 and 809 11th Avenue | Sunnyvale | Santa Clara | CA | 94089 | 2001 | 2013 | 700,328 | |||||||||||
Property | 1.02 | Moffett Towers Building D | 3.9% | 1100 Enterprise Way | Sunnyvale | Santa Clara | CA | 94089 | 2013 | NAP | 357,481 | |||||||||||
Loan | 2 | AMC Portfolio Pool I | 8.7% | Various | Various | Various | Various | Various | Various | NAP | 2,004 | |||||||||||
Property | 2.01 | Northwood | 2.4% | 402 East Highway 121 | Lewisville | Denton | TX | 78744 | 1968 | NAP | 451 | |||||||||||
Property | 2.02 | Stonegate | 2.0% | 1401 East Rundberg Lane | Austin | Travis | TX | 78753 | 1973 | NAP | 358 | |||||||||||
Property | 2.03 | North Bluff | 1.4% | 6600 Elm Creek Drive | Austin | Travis | TX | 78744 | 1972 | NAP | 274 | |||||||||||
Property | 2.04 | Grand Place | 1.2% | 1345 Farmers Road | Grand Prairie | Dallas | TX | 75050 | 1984 | NAP | 334 | |||||||||||
Property | 2.05 | Shady Grove | 0.9% | 3129 Racehorse Drive | Grand Prairie | Dallas | TX | 75050 | 1984 | NAP | 220 | |||||||||||
Property | 2.06 | Timber Heights | 0.4% | 1168 North Oak Road | Davison | Genesee | MI | 48423 | 1992 | NAP | 221 | |||||||||||
Property | 2.07 | Maple Run | 0.4% | 2000 Maple Run Boulevard | Clio | Genesee | MI | 48420 | 1998 | NAP | 146 | |||||||||||
Loan | 3 | 625 Madison Avenue(29)(30) | 8.4% | 625 Madison Avenue | New York | New York | NY | 10019 | NAP | NAP | 35,146 | |||||||||||
Loan | 4 | 25 West 45th Street | 6.9% | 25 West 45th Street | New York | New York | NY | 10036 | 1913 | 2012 | 185,233 | |||||||||||
Loan | 5 | 1760 Third Avenue(29)(30) | 6.5% | 1760 Third Avenue | New York | New York | NY | 10029 | 1973 | 2007-2008 | 498 | |||||||||||
Loan | 6 | 600 Commonwealth | 3.7% | 600 South Commonwealth Avenue | Los Angeles | Los Angeles | CA | 90005 | 1970 | 1991 | 315,949 | |||||||||||
Loan | 7 | One Sun Plaza | 3.7% | 100 and 101 B Sun Avenue Northeast, 7700 Jefferson Street Northeast & 5141 Masthead Street Northeast | Albuquerque | Bernalillo | NM | 87109 | 1989, 1998, 2000, 2004 | 2006 | 262,753 | |||||||||||
Loan | 8 | Kingsport Portfolio(30) | 3.2% | Various | Various | Various | TN | Various | Various | NAP | 925 | |||||||||||
Property | 8.01 | Allandale Falls Apartments | 1.3% | 1000 University Boulevard | Kingsport | Hawkins | TN | 37660 | 1974 | NAP | 369 | |||||||||||
Property | 8.02 | Cross Creek Apartments | 1.0% | 2601 John B. Dennis Highway | Kingsport | Sullivan | TN | 37660 | 1985 | NAP | 280 | |||||||||||
Property | 8.03 | Brandy Mill Apartments | 0.5% | 2416 East Stone Drive | Kingsport | Sullivan | TN | 37660 | 1985 | NAP | 144 | |||||||||||
Property | 8.04 | The Landings at Silver Lake | 0.5% | 230 Silver Lake Road | Church Hill | Hawkins | TN | 37642 | 1986 | NAP | 132 | |||||||||||
Loan | 9 | Winchester FEMA | 2.9% | 430 Market Street | Winchester | Frederick | VA | 22603 | 2008 | NAP | 162,094 | |||||||||||
Loan | 10 | Media Park Santa Monica | 2.7% | 1811-1855 Centinela Avenue, 3211 Olympic Boulevard and 3212-3232 Nebraska Avenue | Santa Monica | Los Angeles | CA | 90404 | 1978 | NAP | 99,204 | |||||||||||
Loan | 11 | Spanish Oaks Apartments | 2.7% | 3645 Wingate Court | Indianapolis | Marion | IN | 46235 | 1972 | 2007-2013 | 824 | |||||||||||
Loan | 12 | Ingleside Plantation | 2.5% | 9345 Blue House Road | North Charleston | Charleston | SC | 29456 | 2008 | NAP | 304 | |||||||||||
Loan | 13 | Hillsdale Portfolio | 2.4% | 6801-6825, 6802-6822, 6826-6896, 6835-6855, 6910-6994 & 6911-6999 Hillsdale Court | Indianapolis | Marion | IN | 46250 | 1986, 1987 | NAP | 445,892 | |||||||||||
Loan | 14 | GRM South Brunswick | 2.0% | 2520 Route 130 | South Brunswick | Middlesex | NJ | 08512 | 1983 | 2014 | 509,775 | |||||||||||
Loan | 15 | River Falls Shopping Center | 1.8% | 951 East Lewis and Clark Parkway | Clarksville | Clark | IN | 47129 | 1990 | 2004, 2005, 2013 | 287,821 | |||||||||||
Loan | 16 | Best Western Plus Hawthorne Terrace | 1.7% | 3434 North Broadway Street | Chicago | Cook | IL | 60657 | 1926 | 2009, 2010 | 83 | |||||||||||
Loan | 17 | Orange MHC | 1.6% | 1931 East Meats Avenue | Orange | Orange | CA | 92865 | 1975 | 2011-2013 | 179 | |||||||||||
Loan | 18 | Decatur Renaissance | 1.6% | 250 East Ponce de Leon Avenue | Decatur | Dekalb | GA | 30030 | 1962 | 2000 | 138,986 | |||||||||||
Loan | 19 | Klopfer Industrial Portfolio | 1.6% | Various | Various | Various | Various | Various | Various | NAP | 333,727 | |||||||||||
Property | 19.01 | RR Donnelly Warehouse | 0.5% | 365 Parr Circle | Reno | Washoe | NV | 89512 | 1988 | NAP | 147,500 | |||||||||||
Property | 19.02 | Grifols (Talecris) Building | 0.5% | 8325 Highway 70 West | Clayton | Johnston | NC | 27520 | 1999 | NAP | 67,100 | |||||||||||
Property | 19.03 | North Sails Warehouse | 0.3% | 2379 Heybourne Road | Minden | Douglas | NV | 89423 | 1997 | NAP | 79,127 | |||||||||||
Property | 19.04 | Time Warner Cable Building | 0.3% | 14079 Senlac Drive | Farmers Branch | Dallas | TX | 75234 | 1996 | NAP | 40,000 | |||||||||||
Loan | 20 | Century Court Apartments | 1.4% | 1501, 1509 and 1510 Bison Drive & 1510 9th Avenue Northwest | Williston | Williams | ND | 58801 | 1980-1982 | 2009 | 192 | |||||||||||
Loan | 21 | Marriott Hotel & Conference Center Spartanburg(30) | 1.4% | 299 North Church Street | Spartanburg | Spartanburg | SC | 29306 | 2003 | 2011 | 247 | |||||||||||
Loan | 22 | Hilton Garden Inn Springfield OR | 1.4% | 3528 Gateway Street | Springfield | Lane | OR | 97477 | 2011 | NAP | 149 | |||||||||||
Loan | 23 | 840 Westchester(30) | 1.4% | 840 Westchester Avenue | Bronx | Bronx | NY | 10459 | 2007 | NAP | 47,963 | |||||||||||
Loan | 24 | Chestnut Ridge | 1.3% | 8951 Randol Mill Road | Fort Worth | Tarrant | TX | 76120 | 1984 | 2012 | 356 | |||||||||||
Loan | 25 | Homewood Suites Lafayette LA | 1.3% | 201 Kaliste Saloom Road | Lafayette | Lafayette | LA | 70508 | 2011 | NAP | 129 | |||||||||||
Loan | 26 | Driscoll Place Apartments | 1.3% | 1303 Gears Road | Houston | Harris | TX | 77067 | 1982 | NAP | 440 | |||||||||||
Loan | 27 | Custer Crossing | 1.3% | 1541, 1619 and 1763 Carroll Street | Dickinson | Stark | ND | 58601 | 2013 | NAP | 107 | |||||||||||
Loan | 28 | ART Indiana MF Portfolio | 1.1% | Various | Bloomington | Monroe | IN | 47401 | Various | 2013 | 278 | |||||||||||
Property | 28.01 | Acadia Court | 0.8% | 3008 South Acadia Court | Bloomington | Monroe | IN | 47401 | 1986 | 2013 | 200 | |||||||||||
Property | 28.02 | Brandon Court | 0.3% | 2381 South Brandon Court | Bloomington | Monroe | IN | 47401 | 1984 | 2013 | 78 | |||||||||||
Loan | 29 | Residence Inn Baton Rouge | 1.0% | 7061 Commerce Circle | Baton Rouge | East Baton Rouge | LA | 70809 | 2007 | NAP | 93 | |||||||||||
Loan | 30 | Regal Court | 1.0% | 5800 Preston View Boulevard | Dallas | Dallas | TX | 75240 | 1971 | 1993, 2012 | 231 | |||||||||||
Loan | 31 | The Cove Apartments | 1.0% | 10501 Curran Boulevard | New Orleans | Orleans | LA | 70127 | 1981 | 2011 | 300 | |||||||||||
Loan | 32 | Wyndham Hotel Oklahoma City | 0.9% | 2101 South Meridian Avenue | Oklahoma City | Oklahoma | OK | 73108 | 1982 | 2009 | 244 | |||||||||||
Loan | 33 | TownePlace Suites Boise | 0.8% | 1455 South Capitol Boulevard | Boise | Ada | ID | 83706 | 2008 | NAP | 121 | |||||||||||
Loan | 34 | Oasis at Regal Oaks | 0.7% | 6701 English Hills Drive | Charlotte | Mecklenburg | NC | 28212 | 1987 | 2008 | 280 | |||||||||||
Loan | 35 | Fort Davis Center | 0.7% | 3851 Alabama Avenue Southeast | Washington | District of Columbia | DC | 20020 | 1949 | 2008-2013 | 44,147 | |||||||||||
Loan | 36 | Walgreens SW Portfolio | 0.6% | Various | Various | Various | Various | Various | 2003 | NAP | 28,140 | |||||||||||
Property | 36.01 | Walgreens - Weatherford, OK | 0.4% | 1019 East Main Street | Weatherford | Custer | OK | 73096 | 2003 | NAP | 14,490 | |||||||||||
Property | 36.02 | Walgreens (Goodwill) - Missouri City, TX | 0.3% | 5005 Highway 6 | Missouri City | Fort Bend | TX | 77459 | 2003 | NAP | 13,650 | |||||||||||
Loan | 37 | TownePlace Suites Pocatello | 0.6% | 2376 Via Caporatti Drive | Pocatello | Bannock | ID | 83201 | 2007 | NAP | 93 | |||||||||||
Loan | 38 | Redhawk Pavilion | 0.6% | 44054, 44060 and 44066 Margarita Road | Temecula | Riverside | CA | 92592 | 2008 | NAP | 29,949 | |||||||||||
Loan | 39 | StoreSmart Self Storage | 0.6% | 5607 Camden Road | Fayetteville | Cumberland | NC | 28306 | 1996-2006 | NAP | 188,236 | |||||||||||
Loan | 40 | Value Place Raleigh | 0.5% | 8840 Wadford Drive | Raleigh | Wake | NC | 27616 | 2012 | NAP | 121 | |||||||||||
Loan | 41 | Westshore Landing | 0.5% | 2260 East University Drive | Auburn | Lee | AL | 36830 | 1987 | NAP | 112 | |||||||||||
Loan | 42 | Residence Inn San Antonio | 0.5% | 1115 North Loop 1604 East | San Antonio | Bexar | TX | 78232 | 2006 | NAP | 88 | |||||||||||
Loan | 43 | Sierra Place | 0.5% | 66 Northwood Drive | Atlanta | Fulton | GA | 30342 | 1969 | 2008 | 130 | |||||||||||
Loan | 44 | Brookfield North Apartments | 0.4% | 207 James Bohanan Drive | Vandalia | Montgomery | OH | 45377 | 1970 | 2009 | 107 | |||||||||||
Loan | 45 | Siegel Suites Twain | 0.4% | 455 East Twain Avenue | Las Vegas | Clark | NV | 89169 | 1976 | 2008-2009 | 186 | |||||||||||
Loan | 46 | Evergreen Plaza - Everett, WA | 0.3% | 11802 Evergreen Way and 11731 Airport Road | Everett | Snohomish | WA | 98204 | 2007 | NAP | 18,900 | |||||||||||
Loan | 47 | Eustis Plaza | 0.3% | 405 Plaza Drive | Eustis | Lake | FL | 32726 | 1987 | NAP | 98,312 | |||||||||||
Loan | 48 | Market at Horn Lake | 0.3% | 3031 Goodman Road West | Horn Lake | DeSoto | MS | 38637 | 1995 | 2006 | 50,362 | |||||||||||
Loan | 49 | 224 South 3rd Street | 0.2% | 224 South 3rd Street | Brooklyn | Kings County | NY | 11211 | 1911 | 2009-2011 | 36 |
A-1-4
COMM 2014-CCRE15 | ||||||||||||||||||||||||||||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES |
Loan per Net | 2012 | 2011 | ||||||||||||||||||||||||||||||||||
% of | Units | Rentable Area | Prepayment | Trailing 12 | Operating | Operating | ||||||||||||||||||||||||||||||
Property | Initial Pool | of | (SF/Units/Rooms/ | Provisions | Operating | Trailing 12 | Trailing 12 | Trailing 12 | Statements | 2012 | 2012 | 2012 | Statements | 2011 | 2011 | 2011 | ||||||||||||||||||||
Flag | ID | Property Name | Balance | Measure | Pads)($)(12) | (# of payments)(15) | Statements Date | EGI ($) | Expenses($) | NOI($) | Date | EGI($) | Expenses($) | NOI($) | Date | EGI($) | Expenses($) | NOI($) | ||||||||||||||||||
Loan | 1 | Google and Amazon Office Portfolio(29)(30) | 10.9% | Sq. Ft. | 427 | L(25), YM1(91), O(4) | ||||||||||||||||||||||||||||||
Property | 1.01 | Technology Corners | 7.0% | Sq. Ft. | 416 | |||||||||||||||||||||||||||||||
Property | 1.02 | Moffett Towers Building D | 3.9% | Sq. Ft. | 450 | |||||||||||||||||||||||||||||||
Loan | 2 | AMC Portfolio Pool I | 8.7% | Pads | 43,666 | L(25), YM1(88), O(7) | T-12 9/30/2013 | 11,668,456 | 4,687,076 | 6,981,380 | 12/31/2012 | 11,415,195 | 4,568,861 | 6,846,334 | 12/31/2011 | 10,997,039 | 4,382,537 | 6,614,502 | ||||||||||||||||||
Property | 2.01 | Northwood | 2.4% | Pads | 52,888 | T-12 9/30/2013 | 2,754,621 | 862,011 | 1,892,610 | 12/31/2012 | 2,679,107 | 846,083 | 1,833,024 | 12/31/2011 | 2,514,578 | 792,875 | 1,721,704 | |||||||||||||||||||
Property | 2.02 | Stonegate | 2.0% | Pads | 57,096 | T-12 9/30/2013 | 2,399,779 | 869,904 | 1,529,875 | 12/31/2012 | 2,304,505 | 847,581 | 1,456,925 | 12/31/2011 | 2,263,798 | 812,050 | 1,451,748 | |||||||||||||||||||
Property | 2.03 | North Bluff | 1.4% | Pads | 50,789 | T-12 9/30/2013 | 1,738,758 | 658,031 | 1,080,727 | 12/31/2012 | 1,709,785 | 627,424 | 1,082,361 | 12/31/2011 | 1,643,910 | 660,744 | 983,165 | |||||||||||||||||||
Property | 2.04 | Grand Place | 1.2% | Pads | 37,185 | T-12 9/30/2013 | 1,980,977 | 980,546 | 1,000,431 | 12/31/2012 | 1,947,817 | 938,768 | 1,009,050 | 12/31/2011 | 1,893,912 | 909,868 | 984,044 | |||||||||||||||||||
Property | 2.05 | Shady Grove | 0.9% | Pads | 43,395 | T-12 9/30/2013 | 1,327,799 | 589,683 | 738,116 | 12/31/2012 | 1,324,680 | 603,518 | 721,163 | 12/31/2011 | 1,291,086 | 568,999 | 722,088 | |||||||||||||||||||
Property | 2.06 | Timber Heights | 0.4% | Pads | 17,154 | T-12 9/30/2013 | 830,193 | 425,365 | 404,828 | 12/31/2012 | 840,297 | 426,450 | 413,847 | 12/31/2011 | 829,118 | 367,122 | 461,996 | |||||||||||||||||||
Property | 2.07 | Maple Run | 0.4% | Pads | 24,239 | T-12 9/30/2013 | 636,329 | 301,537 | 334,792 | 12/31/2012 | 609,003 | 279,038 | 329,965 | 12/31/2011 | 560,636 | 270,879 | 289,757 | |||||||||||||||||||
Loan | 3 | 625 Madison Avenue(29)(30) | 8.4% | Sq. Ft. | 5,548 | L(26), D(30), O(4) | 12/31/2012 | 4,612,500 | 4,612,500 | 12/31/2011 | 4,612,500 | 4,612,500 | ||||||||||||||||||||||||
Loan | 4 | 25 West 45th Street | 6.9% | Sq. Ft. | 378 | L(25), D(91), O(4) | T-12 9/30/2013 | 9,473,927 | 3,618,918 | 5,855,009 | 12/31/2012 | 8,944,738 | 3,519,333 | 5,425,405 | 12/31/2011 | 8,248,313 | 3,499,903 | 4,748,409 | ||||||||||||||||||
Loan | 5 | 1760 Third Avenue(29)(30) | 6.5% | Units | 281,124 | L(24), D(33), O(3) | T-12 11/30/2013 | 15,193,913 | 4,687,573 | 10,506,340 | 12/31/2012 | 13,899,494 | 4,664,338 | 9,235,156 | ||||||||||||||||||||||
Loan | 6 | 600 Commonwealth | 3.7% | Sq. Ft. | 118 | L(25), D(90), O(5) | 12/31/2012 | 7,651,784 | 5,053,451 | 2,598,333 | 12/31/2011 | 7,418,638 | 4,868,793 | 2,549,845 | ||||||||||||||||||||||
Loan | 7 | One Sun Plaza | 3.7% | Sq. Ft. | 141 | L(25), D(91), O(4) | T-12 10/31/2013 | 5,697,905 | 1,884,840 | 3,813,065 | 12/31/2012 | 5,717,908 | 1,870,655 | 3,847,253 | 12/31/2011 | 5,898,233 | 1,920,239 | 3,977,994 | ||||||||||||||||||
Loan | 8 | Kingsport Portfolio(30) | 3.2% | Units | 35,309 | L(25), D(32), O(3) | T-12 9/30/2013 | 6,546,112 | 3,280,298 | 3,265,814 | 12/31/2012 | 5,980,689 | 3,395,750 | 2,584,939 | ||||||||||||||||||||||
Property | 8.01 | Allandale Falls Apartments | 1.3% | Units | 35,006 | T-12 9/30/2013 | 2,209,742 | 1,185,479 | 1,024,263 | 12/31/2012 | 2,075,682 | 1,255,672 | 820,010 | |||||||||||||||||||||||
Property | 8.02 | Cross Creek Apartments | 1.0% | Units | 34,940 | T-12 9/30/2013 | 2,065,372 | 977,186 | 1,088,186 | 12/31/2012 | 1,835,998 | 977,942 | 858,056 | |||||||||||||||||||||||
Property | 8.03 | Brandy Mill Apartments | 0.5% | Units | 36,714 | T-12 9/30/2013 | 1,350,360 | 620,408 | 729,952 | 12/31/2012 | 1,192,483 | 654,337 | 538,146 | |||||||||||||||||||||||
Property | 8.04 | The Landings at Silver Lake | 0.5% | Units | 35,406 | T-12 9/30/2013 | 920,638 | 497,225 | 423,413 | 12/31/2012 | 876,526 | 507,799 | 368,727 | |||||||||||||||||||||||
Loan | 9 | Winchester FEMA | 2.9% | Sq. Ft. | 181 | L(26), D(91), O(3) | 12/31/2012 | 4,039,388 | 1,275,713 | 2,763,675 | 12/31/2011 | 4,062,931 | 1,290,887 | 2,772,044 | ||||||||||||||||||||||
Loan | 10 | Media Park Santa Monica | 2.7% | Sq. Ft. | 278 | L(24), D(92), O(4) | T-12 9/30/2013 | 3,996,500 | 921,406 | 3,075,094 | 12/31/2012 | 3,866,503 | 932,311 | 2,934,192 | 12/31/2011 | 3,343,726 | 903,282 | 2,440,444 | ||||||||||||||||||
Loan | 11 | Spanish Oaks Apartments | 2.7% | Units | 32,767 | L(24), YM1(92), O(4) | T-12 11/30/2013 | 4,505,859 | 2,682,362 | 1,823,497 | 12/31/2012 | 3,704,995 | 2,199,691 | 1,505,304 | 12/31/2011 | 3,464,804 | 1,829,093 | 1,635,711 | ||||||||||||||||||
Loan | 12 | Ingleside Plantation | 2.5% | Units | 81,661 | L(25), D(91), O(4) | T-12 10/31/2013 | 3,699,656 | 1,559,535 | 2,140,121 | 12/31/2012 | 3,532,911 | 1,542,844 | 1,990,067 | 12/31/2011 | 3,333,614 | 1,427,991 | 1,905,623 | ||||||||||||||||||
Loan | 13 | Hillsdale Portfolio | 2.4% | Sq. Ft. | 55 | L(27), D(89), O(4) | T-12 8/31/2013 | 3,733,109 | 1,180,070 | 2,553,039 | 12/31/2012 | 3,636,810 | 1,294,476 | 2,342,334 | 12/31/2011 | 3,784,462 | 1,223,172 | 2,561,290 | ||||||||||||||||||
Loan | 14 | GRM South Brunswick | 2.0% | Sq. Ft. | 40 | L(28), D(28), O(4) | ||||||||||||||||||||||||||||||
Loan | 15 | River Falls Shopping Center | 1.8% | Sq. Ft. | 62 | L(25), D(91), O(4) | T-12 9/30/2013 | 1,539,583 | 698,624 | 840,960 | 12/31/2012 | 1,459,469 | 748,383 | 711,086 | ||||||||||||||||||||||
Loan | 16 | Best Western Plus Hawthorne Terrace | 1.7% | Rooms | 204,401 | L(26), D(90), O(4) | T-12 8/31/2013 | 4,456,958 | 2,063,202 | 2,393,756 | 12/31/2012 | 4,317,477 | 2,024,062 | 2,293,415 | 12/31/2011 | 3,984,182 | 1,927,747 | 2,056,435 | ||||||||||||||||||
Loan | 17 | Orange MHC | 1.6% | Pads | 92,179 | L(25), D(91), O(4) | T-12 11/30/2013 | 1,977,612 | 756,805 | 1,220,807 | 12/31/2012 | 1,624,772 | 755,322 | 869,450 | ||||||||||||||||||||||
Loan | 18 | Decatur Renaissance | 1.6% | Sq. Ft. | 115 | L(26), D(30), O(4) | T-12 7/31/2013 | 3,198,994 | 1,521,483 | 1,677,511 | 12/31/2012 | 2,858,525 | 1,326,565 | 1,531,960 | 12/31/2011 | 2,967,435 | 1,412,498 | 1,554,937 | ||||||||||||||||||
Loan | 19 | Klopfer Industrial Portfolio | 1.6% | Sq. Ft. | 48 | L(25), D(91), O(4) | ||||||||||||||||||||||||||||||
Property | 19.01 | RR Donnelly Warehouse | 0.5% | Sq. Ft. | 33 | |||||||||||||||||||||||||||||||
Property | 19.02 | Grifols (Talecris) Building | 0.5% | Sq. Ft. | 68 | |||||||||||||||||||||||||||||||
Property | 19.03 | North Sails Warehouse | 0.3% | Sq. Ft. | 43 | |||||||||||||||||||||||||||||||
Property | 19.04 | Time Warner Cable Building | 0.3% | Sq. Ft. | 79 | |||||||||||||||||||||||||||||||
Loan | 20 | Century Court Apartments | 1.4% | Units | 73,235 | L(25), YM1(31), O(4) | T-12 11/30/2013 | 3,153,501 | 918,479 | 2,235,022 | 12/31/2012 | 2,289,798 | 735,120 | 1,554,678 | 12/31/2011 | 1,696,202 | 632,464 | 1,063,738 | ||||||||||||||||||
Loan | 21 | Marriott Hotel & Conference Center Spartanburg(30) | 1.4% | Rooms | 56,680 | L(24), D(33), O(3) | T-12 11/29/2013 | 11,235,108 | 9,059,155 | 2,175,953 | 12/31/2012 | 9,848,692 | 8,297,413 | 1,551,279 | 12/31/2011 | 8,899,262 | 7,540,910 | 1,358,352 | ||||||||||||||||||
Loan | 22 | Hilton Garden Inn Springfield OR | 1.4% | Rooms | 93,868 | L(25), D(90), O(5) | T-12 10/31/2013 | 5,104,793 | 3,447,337 | 1,657,456 | 12/31/2012 | 4,529,572 | 3,169,295 | 1,360,277 | ||||||||||||||||||||||
Loan | 23 | 840 Westchester(30) | 1.4% | Sq. Ft. | 291 | L(25), D(91), O(4) | T-12 9/30/2013 | 2,060,864 | 705,341 | 1,355,523 | 12/31/2012 | 1,976,890 | 718,699 | 1,258,191 | 12/31/2011 | 1,929,866 | 695,400 | 1,234,466 | ||||||||||||||||||
Loan | 24 | Chestnut Ridge | 1.3% | Units | 37,461 | L(25), D(31), O(4) | YTD 10/31/2013 Ann. | 2,763,516 | 1,441,914 | 1,321,602 | 12/31/2012 | 2,669,220 | 1,350,518 | 1,318,702 | 12/31/2011 | 2,505,450 | 1,616,033 | 889,417 | ||||||||||||||||||
Loan | 25 | Homewood Suites Lafayette LA | 1.3% | Rooms | 100,775 | L(24), D(92), O(4) | 12/31/2013 | 4,665,052 | 2,902,740 | 1,762,311 | 12/31/2012 | 3,936,822 | 2,611,585 | 1,325,237 | ||||||||||||||||||||||
Loan | 26 | Driscoll Place Apartments | 1.3% | Units | 29,489 | L(25), D(91), O(4) | T-6 11/30/2013 Ann. | 3,111,254 | 1,802,967 | 1,308,287 | 12/31/2012 | 2,916,694 | 2,119,184 | 797,510 | 12/31/2011 | 2,819,120 | 1,916,758 | 902,362 | ||||||||||||||||||
Loan | 27 | Custer Crossing | 1.3% | Units | 120,000 | L(24), D(92), O(4) | ||||||||||||||||||||||||||||||
Loan | 28 | ART Indiana MF Portfolio | 1.1% | Units | 39,568 | L(25), D(91), O(4) | T-12 10/31/2013 | 1,755,922 | 672,911 | 1,083,011 | 12/31/2012 | 1,765,518 | 655,036 | 1,110,482 | ||||||||||||||||||||||
Property | 28.01 | Acadia Court | 0.8% | Units | 39,485 | T-12 10/31/2013 | 1,227,454 | 447,870 | 779,584 | 12/31/2012 | 1,243,873 | 445,302 | 798,571 | |||||||||||||||||||||||
Property | 28.02 | Brandon Court | 0.3% | Units | 39,782 | T-12 10/31/2013 | 528,468 | 225,041 | 303,427 | 12/31/2012 | 521,645 | 209,734 | 311,911 | |||||||||||||||||||||||
Loan | 29 | Residence Inn Baton Rouge | 1.0% | Rooms | 112,366 | L(25), DorYM1(31), O(4) | T-12 9/30/2013 | 3,292,336 | 1,843,663 | 1,448,673 | 12/31/2012 | 3,225,430 | 1,857,774 | 1,367,656 | 12/31/2011 | 3,118,936 | 1,819,297 | 1,299,639 | ||||||||||||||||||
Loan | 30 | Regal Court | 1.0% | Units | 44,805 | L(24), D(92), O(4) | T-12 9/30/2013 | 1,897,817 | 928,909 | 968,909 | 12/31/2012 | 1,858,255 | 858,426 | 999,829 | 12/31/2011 | 1,705,459 | 857,506 | 847,952 | ||||||||||||||||||
Loan | 31 | The Cove Apartments | 1.0% | Units | 32,500 | L(25), D(31), O(4) | YTD 10/31/2013 Ann. | 2,427,942 | 1,411,109 | 1,016,833 | 12/31/2012 | 2,091,060 | 1,354,400 | 736,659 | 12/31/2011 | 1,847,129 | 1,182,188 | 664,941 | ||||||||||||||||||
Loan | 32 | Wyndham Hotel Oklahoma City | 0.9% | Rooms | 36,885 | L(24), YM1(92), O(4) | T-12 9/30/2013 | 5,204,042 | 4,010,347 | 1,193,695 | 12/31/2012 | 5,185,801 | 3,955,911 | 1,229,891 | 12/31/2011 | 4,645,907 | 3,622,505 | 1,023,402 | ||||||||||||||||||
Loan | 33 | TownePlace Suites Boise | 0.8% | Rooms | 69,835 | L(25), DorYM1(31), O(4) | T-12 9/30/2013 | 2,904,219 | 1,688,655 | 1,215,564 | 12/31/2012 | 2,796,397 | 1,636,153 | 1,160,244 | 12/31/2011 | 2,326,548 | 1,623,245 | 703,302 | ||||||||||||||||||
Loan | 34 | Oasis at Regal Oaks | 0.7% | Units | 26,758 | L(25), D(92), O(3) | T-12 9/30/2013 | 1,973,051 | 1,122,179 | 850,872 | 12/31/2012 | 1,833,232 | 1,115,855 | 717,377 | 12/31/2011 | 1,713,451 | 1,097,773 | 615,678 | ||||||||||||||||||
Loan | 35 | Fort Davis Center | 0.7% | Sq. Ft. | 155 | L(25), D(91), O(4) | YTD 8/31/2013 Ann. | 1,163,248 | 358,360 | 804,888 | 12/31/2012 | 1,053,618 | 437,546 | 616,072 | 12/31/2011 | 901,591 | 398,311 | 503,279 | ||||||||||||||||||
Loan | 36 | Walgreens SW Portfolio | 0.6% | Sq. Ft. | 233 | L(24), D(92), O(4) | T-12 10/31/2013 | 696,000 | 696,000 | 12/31/2012 | 696,000 | 696,000 | 12/31/2011 | 696,000 | 696,000 | |||||||||||||||||||||
Property | 36.01 | Walgreens - Weatherford, OK | 0.4% | Sq. Ft. | 249 | T-12 10/31/2013 | 337,000 | 337,000 | 12/31/2012 | 337,000 | 337,000 | 12/31/2011 | 337,000 | 337,000 | ||||||||||||||||||||||
Property | 36.02 | Walgreens (Goodwill) - Missouri City, TX | 0.3% | Sq. Ft. | 215 | T-12 10/31/2013 | 359,000 | 359,000 | 12/31/2012 | 359,000 | 359,000 | 12/31/2011 | 359,000 | 359,000 | ||||||||||||||||||||||
Loan | 37 | TownePlace Suites Pocatello | 0.6% | Rooms | 69,892 | L(25), DorYM1(31), O(4) | T-12 9/1/2013 | 2,237,047 | 1,334,489 | 902,558 | 12/31/2012 | 2,206,689 | 1,332,035 | 874,654 | 12/31/2011 | 2,213,161 | 1,332,051 | 881,111 | ||||||||||||||||||
Loan | 38 | Redhawk Pavilion | 0.6% | Sq. Ft. | 210 | L(25), D(90), O(5) | T-12 10/31/2013 | 544,521 | 105,198 | 439,323 | 12/31/2012 | 509,900 | 97,936 | 411,964 | 12/31/2011 | 487,853 | 94,161 | 393,693 | ||||||||||||||||||
Loan | 39 | StoreSmart Self Storage | 0.6% | Sq. Ft. | 30 | L(26), D(91), O(3) | T-12 9/30/2013 | 818,957 | 306,349 | 512,608 | 12/31/2012 | 813,532 | 309,746 | 503,785 | 12/31/2011 | 845,540 | 328,192 | 517,348 | ||||||||||||||||||
Loan | 40 | Value Place Raleigh | 0.5% | Rooms | 43,735 | L(25), D(31), O(4) | T-12 11/30/2013 | 1,320,320 | 532,483 | 787,837 | ||||||||||||||||||||||||||
Loan | 41 | Westshore Landing | 0.5% | Units | 47,205 | L(26), D(90), O(4) | T-12 8/31/2013 | 944,386 | 411,952 | 532,434 | 12/31/2012 | 931,060 | 439,096 | 491,964 | 12/31/2011 | 904,371 | 444,355 | 460,016 | ||||||||||||||||||
Loan | 42 | Residence Inn San Antonio | 0.5% | Rooms | 59,659 | L(25), DorYM1(31), O(4) | T-12 9/30/2013 | 2,655,002 | 1,902,707 | 752,295 | 12/31/2012 | 2,474,623 | 1,801,617 | 673,006 | 12/31/2011 | 2,258,183 | 1,722,558 | 535,625 | ||||||||||||||||||
Loan | 43 | Sierra Place | 0.5% | Units | 37,265 | L(25), D(32), O(3) | T-12 8/31/2013 | 1,065,012 | 659,905 | 405,107 | 12/31/2012 | 1,061,209 | 652,810 | 408,399 | 12/31/2011 | 978,586 | 677,800 | 300,786 | ||||||||||||||||||
Loan | 44 | Brookfield North Apartments | 0.4% | Units | 42,056 | L(24), D(92), O(4) | T-12 11/30/2013 | 749,069 | 380,929 | 368,140 | 12/31/2012 | 636,637 | 339,458 | 297,179 | 12/31/2011 | 611,628 | 348,648 | 262,980 | ||||||||||||||||||
Loan | 45 | Siegel Suites Twain | 0.4% | Units | 19,236 | L(29), D(87), O(4) | T-12 6/30/2013 | 1,282,878 | 853,783 | 429,094 | 12/31/2012 | 1,259,459 | 854,889 | 404,570 | 12/31/2011 | 1,199,086 | 847,455 | 351,631 | ||||||||||||||||||
Loan | 46 | Evergreen Plaza - Everett, WA | 0.3% | Sq. Ft. | 169 | L(25), D(92), O(3) | 12/31/2012 | 298,302 | 80,127 | 218,175 | 12/31/2011 | 482,681 | 126,940 | 355,741 | ||||||||||||||||||||||
Loan | 47 | Eustis Plaza | 0.3% | Sq. Ft. | 32 | L(24), D(93), O(3) | T-12 9/30/2013 | 832,834 | 241,863 | 590,971 | 12/31/2012 | 836,348 | 231,086 | 605,262 | 12/31/2011 | 958,068 | 221,949 | 736,119 | ||||||||||||||||||
Loan | 48 | Market at Horn Lake | 0.3% | Sq. Ft. | 60 | L(24), D(93), O(3) | T-12 10/31/2013 | 539,089 | 231,832 | 307,257 | 12/31/2012 | 532,318 | 202,985 | 329,333 | 12/31/2011 | 519,649 | 216,913 | 302,736 | ||||||||||||||||||
Loan | 49 | 224 South 3rd Street | 0.2% | Units | 52,673 | L(25), D(92), O(3) | T-12 9/30/2013 | 570,915 | 306,435 | 264,480 | 12/31/2012 | 518,385 | 284,355 | 234,030 | 12/31/2011 | 496,819 | 280,572 | 216,247 |
A-1-5
COMM 2014-CCRE15 | ||||||||||||||||||||||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||||||||||||||||||||||
Ground | ||||||||||||||||||||||||||||||
% of | Ground | Lease | ||||||||||||||||||||||||||||
Property | Initial Pool | Underwritten NOI | Underwritten NCF | Underwritten | Underwritten | Underwritten | Underwritten | Underwritten | Underwritten | Underwritten | Ownership | Lease | Extension | |||||||||||||||||
Flag | ID | Property Name | Balance | Debt Yield(12) | Debt Yield(12) | Revenue($) | EGI($) | Expenses($) | NOI ($)(18) | Reserves($) | TI/LC($) | NCF ($)(18) | Interest(16) | Expiration(17) | Terms(17) | |||||||||||||||
Loan | 1 | Google and Amazon Office Portfolio(29)(30) | 10.9% | 9.0% | 8.9% | 41,853,110 | 48,402,604 | 7,731,477 | 40,671,127 | 211,562 | 40,459,565 | Fee Simple | ||||||||||||||||||
Property | 1.01 | Technology Corners | 7.0% | Fee Simple | ||||||||||||||||||||||||||
Property | 1.02 | Moffett Towers Building D | 3.9% | Fee Simple | ||||||||||||||||||||||||||
Loan | 2 | AMC Portfolio Pool I | 8.7% | 8.0% | 7.8% | 9,861,456 | 11,759,060 | 4,751,453 | 7,007,607 | 150,300 | 6,857,307 | Fee Simple | ||||||||||||||||||
Property | 2.01 | Northwood | 2.4% | 2,417,148 | 2,795,495 | 874,261 | 1,921,234 | 33,825 | 1,887,409 | Fee Simple | ||||||||||||||||||||
Property | 2.02 | Stonegate | 2.0% | 1,893,516 | 2,449,024 | 884,225 | 1,564,798 | 26,850 | 1,537,948 | Fee Simple | ||||||||||||||||||||
Property | 2.03 | North Bluff | 1.4% | 1,419,204 | 1,756,728 | 661,165 | 1,095,563 | 20,550 | 1,075,013 | Fee Simple | ||||||||||||||||||||
Property | 2.04 | Grand Place | 1.2% | 1,670,628 | 1,968,687 | 1,000,348 | 968,339 | 25,050 | 943,289 | Fee Simple | ||||||||||||||||||||
Property | 2.05 | Shady Grove | 0.9% | 1,137,888 | 1,324,332 | 603,119 | 721,213 | 16,500 | 704,713 | Fee Simple | ||||||||||||||||||||
Property | 2.06 | Timber Heights | 0.4% | 768,636 | 823,797 | 420,525 | 403,272 | 16,575 | 386,697 | Fee Simple | ||||||||||||||||||||
Property | 2.07 | Maple Run | 0.4% | 554,436 | 640,997 | 307,810 | 333,187 | 10,950 | 322,237 | Fee Simple | ||||||||||||||||||||
Loan | 3 | 625 Madison Avenue(29)(30) | 8.4% | 2.4% | 2.4% | 4,612,500 | 4,612,500 | 4,612,500 | 4,612,500 | Fee Simple | ||||||||||||||||||||
Loan | 4 | 25 West 45th Street | 6.9% | 9.0% | 8.2% | 8,983,950 | 9,911,032 | 3,641,803 | 6,269,228 | 46,308 | 449,648 | 5,773,272 | Fee Simple | |||||||||||||||||
Loan | 5 | 1760 Third Avenue(29)(30) | 6.5% | 7.9% | 7.8% | 16,327,984 | 15,838,144 | 4,798,296 | 11,039,848 | 162,750 | 10,877,098 | Fee Simple | ||||||||||||||||||
Loan | 6 | 600 Commonwealth | 3.7% | 10.9% | 10.1% | 7,092,556 | 7,503,906 | 3,440,947 | 4,062,958 | 78,987 | 223,414 | 3,760,557 | Fee Simple | |||||||||||||||||
Loan | 7 | One Sun Plaza | 3.7% | 10.3% | 9.7% | 5,990,814 | 5,985,990 | 2,161,748 | 3,824,243 | 52,551 | 192,171 | 3,579,521 | Fee Simple | |||||||||||||||||
Loan | 8 | Kingsport Portfolio(30) | 3.2% | 11.1% | 10.3% | 7,612,956 | 6,950,939 | 3,310,583 | 3,640,356 | 285,915 | 3,354,441 | Fee Simple | ||||||||||||||||||
Property | 8.01 | Allandale Falls Apartments | 1.3% | 2,760,216 | 2,462,675 | 1,199,201 | 1,263,474 | 104,656 | 1,158,818 | Fee Simple | ||||||||||||||||||||
Property | 8.02 | Cross Creek Apartments | 1.0% | 2,454,924 | 2,224,004 | 985,865 | 1,238,139 | 90,488 | 1,147,652 | Fee Simple | ||||||||||||||||||||
Property | 8.03 | Brandy Mill Apartments | 0.5% | 1,404,780 | 1,344,719 | 615,255 | 729,464 | 47,506 | 681,958 | Fee Simple | ||||||||||||||||||||
Property | 8.04 | The Landings at Silver Lake | 0.5% | 993,036 | 919,541 | 510,263 | 409,279 | 43,266 | 366,013 | Fee Simple | ||||||||||||||||||||
Loan | 9 | Winchester FEMA | 2.9% | 9.1% | 9.0% | 2,629,573 | 3,944,276 | 1,257,868 | 2,686,408 | 42,144 | 2,644,264 | Fee Simple | ||||||||||||||||||
Loan | 10 | Media Park Santa Monica | 2.7% | 11.7% | 11.1% | 3,407,153 | 4,165,260 | 933,125 | 3,232,134 | 24,801 | 151,144 | 3,056,189 | Leasehold | 03/31/2041 | None | |||||||||||||||
Loan | 11 | Spanish Oaks Apartments | 2.7% | 9.4% | 8.5% | 5,516,640 | 5,064,241 | 2,531,460 | 2,532,781 | 238,441 | 2,294,340 | Fee Simple | ||||||||||||||||||
Loan | 12 | Ingleside Plantation | 2.5% | 8.8% | 8.5% | 3,504,768 | 3,746,919 | 1,566,586 | 2,180,332 | 76,000 | 2,104,332 | Fee Simple | ||||||||||||||||||
Loan | 13 | Hillsdale Portfolio | 2.4% | 10.7% | 9.5% | 3,726,730 | 3,888,071 | 1,297,243 | 2,590,828 | 66,885 | 223,394 | 2,300,550 | Fee Simple | |||||||||||||||||
Loan | 14 | GRM South Brunswick | 2.0% | 9.9% | 9.7% | 2,166,544 | 2,821,510 | 803,467 | 2,018,043 | 40,782 | 1,977,261 | Fee Simple | ||||||||||||||||||
Loan | 15 | River Falls Shopping Center | 1.8% | 9.9% | 9.0% | 2,137,106 | 2,593,213 | 812,335 | 1,780,878 | 43,158 | 127,789 | 1,609,931 | Fee Simple | |||||||||||||||||
Loan | 16 | Best Western Plus Hawthorne Terrace | 1.7% | 11.9% | 10.8% | 4,003,458 | 4,446,005 | 2,431,025 | 2,014,980 | 177,840 | 1,837,140 | Fee Simple | ||||||||||||||||||
Loan | 17 | Orange MHC | 1.6% | 8.7% | 8.6% | 2,577,600 | 2,298,045 | 858,125 | 1,439,919 | 13,425 | 1,426,494 | Fee Simple | ||||||||||||||||||
Loan | 18 | Decatur Renaissance | 1.6% | 11.6% | 10.0% | 2,663,815 | 3,371,597 | 1,519,351 | 1,852,246 | 44,476 | 210,647 | 1,597,124 | Fee Simple | |||||||||||||||||
Loan | 19 | Klopfer Industrial Portfolio | 1.6% | 13.1% | 12.4% | 2,382,615 | 2,861,521 | 764,037 | 2,097,484 | 33,003 | 89,702 | 1,974,779 | Fee Simple | |||||||||||||||||
Property | 19.01 | RR Donnelly Warehouse | 0.5% | 739,741 | 838,863 | 155,124 | 683,739 | 14,800 | 29,585 | 639,354 | Fee Simple | |||||||||||||||||||
Property | 19.02 | Grifols (Talecris) Building | 0.5% | 732,021 | 814,565 | 240,839 | 573,726 | 6,303 | 26,301 | 541,122 | Fee Simple | |||||||||||||||||||
Property | 19.03 | North Sails Warehouse | 0.3% | 486,637 | 597,916 | 144,448 | 453,467 | 7,900 | 17,939 | 427,628 | Fee Simple | |||||||||||||||||||
Property | 19.04 | Time Warner Cable Building | 0.3% | 424,216 | 610,177 | 223,625 | 386,551 | 4,000 | 15,877 | 366,674 | Fee Simple | |||||||||||||||||||
Loan | 20 | Century Court Apartments | 1.4% | 16.5% | 16.0% | 3,414,720 | 3,153,501 | 831,193 | 2,322,308 | 76,800 | 2,245,508 | Fee Simple | ||||||||||||||||||
Loan | 21 | Marriott Hotel & Conference Center Spartanburg(30) | 1.4% | 15.2% | 12.1% | 7,269,137 | 10,935,108 | 8,805,994 | 2,129,114 | 437,404 | 1,691,710 | Leasehold | 01/13/2061 | None | ||||||||||||||||
Loan | 22 | Hilton Garden Inn Springfield OR | 1.4% | 11.9% | 10.4% | 4,424,517 | 5,104,793 | 3,445,600 | 1,659,193 | 204,192 | 1,455,001 | Fee Simple | ||||||||||||||||||
Loan | 23 | 840 Westchester(30) | 1.4% | 10.2% | 9.8% | 2,146,407 | 2,165,690 | 744,190 | 1,421,500 | 7,194 | 47,963 | 1,366,342 | Leasehold | 12/31/2048 | None | |||||||||||||||
Loan | 24 | Chestnut Ridge | 1.3% | 9.3% | 8.5% | 2,843,196 | 2,742,399 | 1,499,924 | 1,242,476 | 106,800 | 1,135,676 | Fee Simple | ||||||||||||||||||
Loan | 25 | Homewood Suites Lafayette LA | 1.3% | 13.3% | 11.9% | 4,341,126 | 4,665,052 | 2,937,463 | 1,727,589 | 186,602 | 1,540,986 | Fee Simple | ||||||||||||||||||
Loan | 26 | Driscoll Place Apartments | 1.3% | 9.6% | 8.5% | 3,083,928 | 3,129,337 | 1,877,858 | 1,251,479 | 153,560 | 1,097,919 | Fee Simple | ||||||||||||||||||
Loan | 27 | Custer Crossing | 1.3% | 13.2% | 12.9% | 2,590,200 | 2,212,200 | 518,319 | 1,693,881 | 32,100 | 1,661,781 | Fee Simple | ||||||||||||||||||
Loan | 28 | ART Indiana MF Portfolio | 1.1% | 9.5% | 8.8% | 1,778,228 | 1,729,190 | 681,179 | 1,048,011 | 83,400 | 964,611 | Fee Simple | ||||||||||||||||||
Property | 28.01 | Acadia Court | 0.8% | 1,261,538 | 1,208,570 | 451,238 | 757,332 | 60,000 | 697,332 | Fee Simple | ||||||||||||||||||||
Property | 28.02 | Brandon Court | 0.3% | 516,690 | 520,620 | 229,941 | 290,679 | 23,400 | 267,279 | Fee Simple | ||||||||||||||||||||
Loan | 29 | Residence Inn Baton Rouge | 1.0% | 13.9% | 12.3% | 3,229,256 | 3,289,596 | 1,836,092 | 1,453,505 | 164,480 | 1,289,025 | Fee Simple | ||||||||||||||||||
Loan | 30 | Regal Court | 1.0% | 9.3% | 8.6% | 1,898,507 | 1,948,873 | 985,815 | 963,058 | 69,300 | 893,758 | Fee Simple | ||||||||||||||||||
Loan | 31 | The Cove Apartments | 1.0% | 11.7% | 10.7% | 2,515,680 | 2,396,570 | 1,257,280 | 1,139,289 | 98,757 | 1,040,532 | Fee Simple | ||||||||||||||||||
Loan | 32 | Wyndham Hotel Oklahoma City | 0.9% | 13.3% | 11.0% | 4,586,376 | 5,204,042 | 4,003,534 | 1,200,508 | 208,162 | 992,346 | Fee Simple | ||||||||||||||||||
Loan | 33 | TownePlace Suites Boise | 0.8% | 14.5% | 12.8% | 2,845,742 | 2,904,219 | 1,678,256 | 1,225,962 | 145,211 | 1,080,751 | Fee Simple | ||||||||||||||||||
Loan | 34 | Oasis at Regal Oaks | 0.7% | 11.1% | 10.1% | 1,976,752 | 1,966,306 | 1,133,736 | 832,570 | 75,880 | 756,690 | Fee Simple | ||||||||||||||||||
Loan | 35 | Fort Davis Center | 0.7% | 10.8% | 9.9% | 1,114,432 | 1,316,826 | 576,471 | 740,356 | 8,829 | 53,326 | 678,200 | Fee Simple | |||||||||||||||||
Loan | 36 | Walgreens SW Portfolio | 0.6% | 10.2% | 10.1% | 696,000 | 675,120 | 6,751 | 668,369 | 5,628 | 662,741 | Fee Simple | ||||||||||||||||||
Property | 36.01 | Walgreens - Weatherford, OK | 0.4% | 337,000 | 326,890 | 3,269 | 323,621 | 2,898 | 320,723 | Fee Simple | ||||||||||||||||||||
Property | 36.02 | Walgreens (Goodwill) - Missouri City, TX | 0.3% | 359,000 | 348,230 | 3,482 | 344,748 | 2,730 | 342,018 | Fee Simple | ||||||||||||||||||||
Loan | 37 | TownePlace Suites Pocatello | 0.6% | 13.8% | 12.0% | 2,193,869 | 2,237,047 | 1,341,977 | 895,070 | 111,852 | 783,218 | Fee Simple | ||||||||||||||||||
Loan | 38 | Redhawk Pavilion | 0.6% | 9.0% | 8.7% | 689,875 | 740,852 | 175,647 | 565,205 | 3,646 | 14,416 | 547,143 | Fee Simple | |||||||||||||||||
Loan | 39 | StoreSmart Self Storage | 0.6% | 9.3% | 9.0% | 1,132,224 | 818,957 | 296,508 | 522,449 | 16,854 | 505,595 | Fee Simple | ||||||||||||||||||
Loan | 40 | Value Place Raleigh | 0.5% | 15.1% | 14.1% | 1,269,420 | 1,320,320 | 520,295 | 800,025 | 55,158 | 744,866 | Fee Simple | ||||||||||||||||||
Loan | 41 | Westshore Landing | 0.5% | 9.7% | 9.1% | 910,322 | 956,468 | 441,218 | 515,251 | 33,600 | 481,651 | Fee Simple | ||||||||||||||||||
Loan | 42 | Residence Inn San Antonio | 0.5% | 14.3% | 11.8% | 2,601,212 | 2,653,904 | 1,904,123 | 749,781 | 132,695 | 617,085 | Fee Simple | ||||||||||||||||||
Loan | 43 | Sierra Place | 0.5% | 8.9% | 8.3% | 995,676 | 1,092,477 | 662,568 | 429,909 | 26,000 | 403,909 | Fee Simple | ||||||||||||||||||
Loan | 44 | Brookfield North Apartments | 0.4% | 9.2% | 8.6% | 854,748 | 784,552 | 370,485 | 414,067 | 27,904 | 386,163 | Fee Simple | ||||||||||||||||||
Loan | 45 | Siegel Suites Twain | 0.4% | 12.3% | 10.6% | 1,480,606 | 1,277,806 | 838,539 | 439,267 | 59,520 | 379,747 | Fee Simple | ||||||||||||||||||
Loan | 46 | Evergreen Plaza - Everett, WA | 0.3% | 10.1% | 9.5% | 421,929 | 455,838 | 131,654 | 324,184 | 2,835 | 18,900 | 302,449 | Fee Simple | |||||||||||||||||
Loan | 47 | Eustis Plaza | 0.3% | 15.5% | 12.9% | 624,836 | 735,491 | 254,430 | 481,061 | 20,646 | 58,987 | 401,428 | Fee Simple | |||||||||||||||||
Loan | 48 | Market at Horn Lake | 0.3% | 11.3% | 9.6% | 436,756 | 531,973 | 192,796 | 339,177 | 17,123 | 35,253 | 286,801 | Fee Simple | |||||||||||||||||
Loan | 49 | 224 South 3rd Street | 0.2% | 14.0% | 13.5% | 541,478 | 564,145 | 298,950 | 265,195 | 8,750 | 256,445 | Fee Simple |
A-1-6
COMM 2014-CCRE15 | ||||||||||||||||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||||||||||||||||
% of | ||||||||||||||||||||||||
Property | Initial Pool | Lease | Lease | Lease | ||||||||||||||||||||
Flag | ID | Property Name | Balance | Largest Tenant(18)(21)(22)(23) | SF(21) | Expiration(19)(21) | 2nd Largest Tenant(22) | SF | Expiration(19) | 3rd Largest Tenant(22) | SF | Expiration(19) | ||||||||||||
Loan | 1 | Google and Amazon Office Portfolio(29)(30) | 10.9% | |||||||||||||||||||||
Property | 1.01 | Technology Corners | 7.0% | 700,328 | 09/30/2024 | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||
Property | 1.02 | Moffett Towers Building D | 3.9% | Amazon | 357,481 | 02/29/2024 | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 2 | AMC Portfolio Pool I | 8.7% | |||||||||||||||||||||
Property | 2.01 | Northwood | 2.4% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Property | 2.02 | Stonegate | 2.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Property | 2.03 | North Bluff | 1.4% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Property | 2.04 | Grand Place | 1.2% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Property | 2.05 | Shady Grove | 0.9% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Property | 2.06 | Timber Heights | 0.4% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Property | 2.07 | Maple Run | 0.4% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 3 | 625 Madison Avenue(29)(30) | 8.4% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 4 | 25 West 45th Street | 6.9% | Merrill Communications Inc. | 32,128 | 03/31/2016 | Turnaround for Children | 16,391 | 06/30/2018 | Auerbach Grayson & Co. Inc. | 11,700 | 07/31/2015 | ||||||||||||
Loan | 5 | 1760 Third Avenue(29)(30) | 6.5% | EHS | 218 | 05/31/2021 | LIM College | 166 | 05/31/2021 | CUNY Baruch College | 73 | 05/31/2022 | ||||||||||||
Loan | 6 | 600 Commonwealth | 3.7% | LA County Superior Court | 124,914 | 01/10/2016 | LA County Department of Health Services | 103,300 | 03/31/2018 | LA County Department of Mental Health | 35,452 | 11/30/2015 | ||||||||||||
Loan | 7 | One Sun Plaza | 3.7% | U.S. Forest Service | 167,309 | 01/31/2025 | Northrop Grumman | 38,239 | 06/30/2015 | QinetiQ North America | 25,828 | 08/31/2014 | ||||||||||||
Loan | 8 | Kingsport Portfolio(30) | 3.2% | |||||||||||||||||||||
Property | 8.01 | Allandale Falls Apartments | 1.3% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Property | 8.02 | Cross Creek Apartments | 1.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Property | 8.03 | Brandy Mill Apartments | 0.5% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Property | 8.04 | The Landings at Silver Lake | 0.5% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 9 | Winchester FEMA | 2.9% | GSA - FEMA | 162,094 | 04/01/2023 | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 10 | Media Park Santa Monica | 2.7% | EPS - Cineworks | 16,035 | 01/31/2020 | Sapient Corporation | 14,361 | 05/31/2021 | HBA International | 14,335 | 05/31/2019 | ||||||||||||
Loan | 11 | Spanish Oaks Apartments | 2.7% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 12 | Ingleside Plantation | 2.5% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 13 | Hillsdale Portfolio | 2.4% | Community Hospitals of Indiana | 54,048 | 02/28/2014 | MCImetro Access Transmission | 38,400 | 10/31/2017 | Ingersoll-Rand Company | 29,265 | 07/31/2014 | ||||||||||||
Loan | 14 | GRM South Brunswick | 2.0% | GRM Information Management Services, Inc. | 509,775 | 10/01/2028 | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 15 | River Falls Shopping Center | 1.8% | Old Time Pottery | 88,059 | 10/31/2026 | Dick’s Sporting Goods | 50,875 | 01/31/2016 | Gordmans, Inc. | 49,673 | 07/31/2023 | ||||||||||||
Loan | 16 | Best Western Plus Hawthorne Terrace | 1.7% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 17 | Orange MHC | 1.6% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 18 | Decatur Renaissance | 1.6% | CCP North America | 43,203 | 12/31/2022 | Wells Fargo | 39,454 | 06/30/2020 | RL Brown & Associates | 13,357 | 05/31/2016 | ||||||||||||
Loan | 19 | Klopfer Industrial Portfolio | 1.6% | |||||||||||||||||||||
Property | 19.01 | RR Donnelly Warehouse | 0.5% | Pro-Line Printing, Inc. | 147,500 | 08/30/2022 | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Property | 19.02 | Grifols (Talecris) Building | 0.5% | Grifols Therapeutics Inc. | 67,100 | 01/02/2020 | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Property | 19.03 | North Sails Warehouse | 0.3% | North Sails Nevada LLC | 79,127 | 07/31/2019 | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Property | 19.04 | Time Warner Cable Building | 0.3% | Time Warner Cable Inc. | 40,000 | 09/30/2018 | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 20 | Century Court Apartments | 1.4% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 21 | Marriott Hotel & Conference Center Spartanburg(30) | 1.4% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 22 | Hilton Garden Inn Springfield OR | 1.4% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 23 | 840 Westchester(30) | 1.4% | St. Dominic’s Home | 14,059 | 11/30/2018 | Rite-Aid | 13,760 | 08/31/2027 | Children’s Health Fund | 11,807 | 10/31/2018 | ||||||||||||
Loan | 24 | Chestnut Ridge | 1.3% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 25 | Homewood Suites Lafayette LA | 1.3% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 26 | Driscoll Place Apartments | 1.3% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 27 | Custer Crossing | 1.3% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 28 | ART Indiana MF Portfolio | 1.1% | |||||||||||||||||||||
Property | 28.01 | Acadia Court | 0.8% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Property | 28.02 | Brandon Court | 0.3% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 29 | Residence Inn Baton Rouge | 1.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 30 | Regal Court | 1.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 31 | The Cove Apartments | 1.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 32 | Wyndham Hotel Oklahoma City | 0.9% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 33 | TownePlace Suites Boise | 0.8% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 34 | Oasis at Regal Oaks | 0.7% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 35 | Fort Davis Center | 0.7% | DC Department of General Services | 25,876 | 01/31/2023 | Fort Davis Dental Associates | 3,000 | 12/31/2021 | KRA Corporation | 2,875 | 05/31/2017 | ||||||||||||
Loan | 36 | Walgreens SW Portfolio | 0.6% | |||||||||||||||||||||
Property | 36.01 | Walgreens - Weatherford, OK | 0.4% | Walgreens | 14,490 | 09/30/2028 | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Property | 36.02 | Walgreens (Goodwill) - Missouri City, TX | 0.3% | Walgreens | 13,650 | 07/31/2028 | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 37 | TownePlace Suites Pocatello | 0.6% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 38 | Redhawk Pavilion | 0.6% | Fresh & Easy Neighborhood Market Inc. | 15,533 | 12/10/2028 | Temecula Medical Group, Inc. | 3,399 | 05/31/2018 | Cleaner’s Connection, Inc. (Eco Cleaners) | 1,530 | 07/16/2018 | ||||||||||||
Loan | 39 | StoreSmart Self Storage | 0.6% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 40 | Value Place Raleigh | 0.5% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 41 | Westshore Landing | 0.5% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 42 | Residence Inn San Antonio | 0.5% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 43 | Sierra Place | 0.5% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 44 | Brookfield North Apartments | 0.4% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 45 | Siegel Suites Twain | 0.4% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 46 | Evergreen Plaza - Everett, WA | 0.3% | Jimmy Mac’s Roadhouse | 7,800 | 12/31/2028 | Starbucks | 1,800 | 07/31/2017 | MetroPCS | 1,800 | 07/31/2018 | ||||||||||||
Loan | 47 | Eustis Plaza | 0.3% | Big Lots Stores, Inc. | 41,000 | 05/31/2016 | Dollar General Corporation | 10,325 | 03/31/2015 | Sprout’s Fresh Market (Perinne’s Produce, Inc.) | 6,000 | 12/31/2014 | ||||||||||||
Loan | 48 | Market at Horn Lake | 0.3% | Fred’s | 21,000 | 05/31/2021 | Aaron’s, Inc. | 10,889 | 12/31/2016 | TJ Super Center and Beauty Supply | 6,263 | 01/31/2023 | ||||||||||||
Loan | 49 | 224 South 3rd Street | 0.2% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
A-1-7
COMM 2014-CCRE15 | ||||||||||||||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||||||||||||||
% of | ||||||||||||||||||||||
Property | Initial Pool | Lease | Lease | Occupancy | ||||||||||||||||||
Flag | ID | Property Name | Balance | 4th Largest Tenant(22)(23) | SF | Expiration(19) | 5th Largest Tenant(22) | SF | Expiration(19) | Occupancy(20)(23) | As-of Date | |||||||||||
Loan | 1 | Google and Amazon Office Portfolio(29)(30) | 10.9% | 100.0% | 02/06/2014 | |||||||||||||||||
Property | 1.01 | Technology Corners | 7.0% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 02/06/2014 | |||||||||||
Property | 1.02 | Moffett Towers Building D | 3.9% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 02/06/2014 | |||||||||||
Loan | 2 | AMC Portfolio Pool I | 8.7% | 93.6% | 10/31/2013 | |||||||||||||||||
Property | 2.01 | Northwood | 2.4% | NAP | NAP | NAP | NAP | NAP | NAP | 95.8% | 10/31/2013 | |||||||||||
Property | 2.02 | Stonegate | 2.0% | NAP | NAP | NAP | NAP | NAP | NAP | 99.2% | 10/31/2013 | |||||||||||
Property | 2.03 | North Bluff | 1.4% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 10/31/2013 | |||||||||||
Property | 2.04 | Grand Place | 1.2% | NAP | NAP | NAP | NAP | NAP | NAP | 97.6% | 10/31/2013 | |||||||||||
Property | 2.05 | Shady Grove | 0.9% | NAP | NAP | NAP | NAP | NAP | NAP | 98.2% | 10/31/2013 | |||||||||||
Property | 2.06 | Timber Heights | 0.4% | NAP | NAP | NAP | NAP | NAP | NAP | 70.1% | 10/31/2013 | |||||||||||
Property | 2.07 | Maple Run | 0.4% | NAP | NAP | NAP | NAP | NAP | NAP | 80.8% | 10/31/2013 | |||||||||||
Loan | 3 | 625 Madison Avenue(29)(30) | 8.4% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||
Loan | 4 | 25 West 45th Street | 6.9% | Brookwood Companies Inc. | 10,700 | 08/31/2016 | Cision US Inc. | 9,093 | 06/30/2017 | 95.1% | 10/31/2013 | |||||||||||
Loan | 5 | 1760 Third Avenue(29)(30) | 6.5% | CUNY Hunter College | 41 | 05/31/2022 | NAP | NAP | NAP | 100.0% | 12/31/2013 | |||||||||||
Loan | 6 | 600 Commonwealth | 3.7% | LA County Department of Child Support Services | 18,322 | 12/31/2014 | Trimana | 3,228 | 07/31/2020 | 91.5% | 12/31/2013 | |||||||||||
Loan | 7 | One Sun Plaza | 3.7% | RGN-Albuquerque III, LLC | 10,779 | 09/01/2024 | Integrated Property Services | 7,994 | 04/30/2015 | 98.2% | 12/15/2013 | |||||||||||
Loan | 8 | Kingsport Portfolio(30) | 3.2% | 95.0% | 09/30/2013 | |||||||||||||||||
Property | 8.01 | Allandale Falls Apartments | 1.3% | NAP | NAP | NAP | NAP | NAP | NAP | 96.7% | 09/30/2013 | |||||||||||
Property | 8.02 | Cross Creek Apartments | 1.0% | NAP | NAP | NAP | NAP | NAP | NAP | 91.4% | 09/30/2013 | |||||||||||
Property | 8.03 | Brandy Mill Apartments | 0.5% | NAP | NAP | NAP | NAP | NAP | NAP | 96.5% | 09/30/2013 | |||||||||||
Property | 8.04 | The Landings at Silver Lake | 0.5% | NAP | NAP | NAP | NAP | NAP | NAP | 96.2% | 09/30/2013 | |||||||||||
Loan | 9 | Winchester FEMA | 2.9% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 02/05/2014 | |||||||||||
Loan | 10 | Media Park Santa Monica | 2.7% | NT Audio | 11,453 | 04/30/2015 | ARC Entertainment | 6,480 | 10/31/2014 | 95.1% | 01/01/2014 | |||||||||||
Loan | 11 | Spanish Oaks Apartments | 2.7% | NAP | NAP | NAP | NAP | NAP | NAP | 90.9% | 11/30/2013 | |||||||||||
Loan | 12 | Ingleside Plantation | 2.5% | NAP | NAP | NAP | NAP | NAP | NAP | 93.1% | 01/08/2014 | |||||||||||
Loan | 13 | Hillsdale Portfolio | 2.4% | Click Ship Commerce | 25,850 | 03/31/2016 | Rite Rug Co. | 19,300 | 08/31/2017 | 90.3% | 10/01/2013 | |||||||||||
Loan | 14 | GRM South Brunswick | 2.0% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 02/06/2014 | |||||||||||
Loan | 15 | River Falls Shopping Center | 1.8% | Louisville Athletic Club III, LLC | 30,155 | 12/31/2022 | Value City Furniture | 27,277 | 01/31/2024 | 100.0% | 12/16/2013 | |||||||||||
Loan | 16 | Best Western Plus Hawthorne Terrace | 1.7% | NAP | NAP | NAP | NAP | NAP | NAP | 75.3% | 08/31/2013 | |||||||||||
Loan | 17 | Orange MHC | 1.6% | NAP | NAP | NAP | NAP | NAP | NAP | 83.2% | 11/30/2013 | |||||||||||
Loan | 18 | Decatur Renaissance | 1.6% | McCurdy & Candler | 6,418 | 07/31/2014 | American Access Care | 6,136 | 02/28/2018 | 95.7% | 11/30/2013 | |||||||||||
Loan | 19 | Klopfer Industrial Portfolio | 1.6% | 100.0% | 02/06/2014 | |||||||||||||||||
Property | 19.01 | RR Donnelly Warehouse | 0.5% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 02/06/2014 | |||||||||||
Property | 19.02 | Grifols (Talecris) Building | 0.5% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 02/06/2014 | |||||||||||
Property | 19.03 | North Sails Warehouse | 0.3% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 02/06/2014 | |||||||||||
Property | 19.04 | Time Warner Cable Building | 0.3% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 02/06/2014 | |||||||||||
Loan | 20 | Century Court Apartments | 1.4% | NAP | NAP | NAP | NAP | NAP | NAP | 96.4% | 12/01/2013 | |||||||||||
Loan | 21 | Marriott Hotel & Conference Center Spartanburg(30) | 1.4% | NAP | NAP | NAP | NAP | NAP | NAP | 67.0% | 11/29/2013 | |||||||||||
Loan | 22 | Hilton Garden Inn Springfield OR | 1.4% | NAP | NAP | NAP | NAP | NAP | NAP | 73.4% | 10/31/2013 | |||||||||||
Loan | 23 | 840 Westchester(30) | 1.4% | Dollar Tree Stores, Inc. | 8,337 | 09/30/2023 | NAP | NAP | NAP | 100.0% | 11/03/2013 | |||||||||||
Loan | 24 | Chestnut Ridge | 1.3% | NAP | NAP | NAP | NAP | NAP | NAP | 93.5% | 11/20/2013 | |||||||||||
Loan | 25 | Homewood Suites Lafayette LA | 1.3% | NAP | NAP | NAP | NAP | NAP | NAP | 83.5% | 12/31/2013 | |||||||||||
Loan | 26 | Driscoll Place Apartments | 1.3% | NAP | NAP | NAP | NAP | NAP | NAP | 91.4% | 11/17/2013 | |||||||||||
Loan | 27 | Custer Crossing | 1.3% | NAP | NAP | NAP | NAP | NAP | NAP | 86.0% | 01/10/2014 | |||||||||||
Loan | 28 | ART Indiana MF Portfolio | 1.1% | 95.3% | 11/25/2013 | |||||||||||||||||
Property | 28.01 | Acadia Court | 0.8% | NAP | NAP | NAP | NAP | NAP | NAP | 95.0% | 11/25/2013 | |||||||||||
Property | 28.02 | Brandon Court | 0.3% | NAP | NAP | NAP | NAP | NAP | NAP | 96.2% | 11/25/2013 | |||||||||||
Loan | 29 | Residence Inn Baton Rouge | 1.0% | NAP | NAP | NAP | NAP | NAP | NAP | 83.6% | 09/30/2013 | |||||||||||
Loan | 30 | Regal Court | 1.0% | NAP | NAP | NAP | NAP | NAP | NAP | 97.4% | 11/07/2013 | |||||||||||
Loan | 31 | The Cove Apartments | 1.0% | NAP | NAP | NAP | NAP | NAP | NAP | 94.3% | 11/30/2013 | |||||||||||
Loan | 32 | Wyndham Hotel Oklahoma City | 0.9% | NAP | NAP | NAP | NAP | NAP | NAP | 76.6% | 09/30/2013 | |||||||||||
Loan | 33 | TownePlace Suites Boise | 0.8% | NAP | NAP | NAP | NAP | NAP | NAP | 74.3% | 09/30/2013 | |||||||||||
Loan | 34 | Oasis at Regal Oaks | 0.7% | NAP | NAP | NAP | NAP | NAP | NAP | 96.4% | 11/19/2013 | |||||||||||
Loan | 35 | Fort Davis Center | 0.7% | Super Star Carry-out | 2,875 | MTM | KRA | 2,800 | 12/31/2018 | 100.0% | 10/09/2013 | |||||||||||
Loan | 36 | Walgreens SW Portfolio | 0.6% | 100.0% | 02/06/2014 | |||||||||||||||||
Property | 36.01 | Walgreens - Weatherford, OK | 0.4% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 02/06/2014 | |||||||||||
Property | 36.02 | Walgreens (Goodwill) - Missouri City, TX | 0.3% | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 02/06/2014 | |||||||||||
Loan | 37 | TownePlace Suites Pocatello | 0.6% | NAP | NAP | NAP | NAP | NAP | NAP | 72.8% | 09/01/2013 | |||||||||||
Loan | 38 | Redhawk Pavilion | 0.6% | Jazzercise | 1,488 | 12/14/2015 | Little Caesars | 1,290 | 01/31/2019 | 94.1% | 11/21/2013 | |||||||||||
Loan | 39 | StoreSmart Self Storage | 0.6% | NAP | NAP | NAP | NAP | NAP | NAP | 75.3% | 10/25/2013 | |||||||||||
Loan | 40 | Value Place Raleigh | 0.5% | NAP | NAP | NAP | NAP | NAP | NAP | 89.6% | 11/30/2013 | |||||||||||
Loan | 41 | Westshore Landing | 0.5% | NAP | NAP | NAP | NAP | NAP | NAP | 97.3% | 09/25/2013 | |||||||||||
Loan | 42 | Residence Inn San Antonio | 0.5% | NAP | NAP | NAP | NAP | NAP | NAP | 76.6% | 09/30/2013 | |||||||||||
Loan | 43 | Sierra Place | 0.5% | NAP | NAP | NAP | NAP | NAP | NAP | 97.7% | 10/21/2013 | |||||||||||
Loan | 44 | Brookfield North Apartments | 0.4% | NAP | NAP | NAP | NAP | NAP | NAP | 98.1% | 11/29/2013 | |||||||||||
Loan | 45 | Siegel Suites Twain | 0.4% | NAP | NAP | NAP | NAP | NAP | NAP | 88.2% | 07/11/2013 | |||||||||||
Loan | 46 | Evergreen Plaza - Everett, WA | 0.3% | Ace Cash Express | 1,502 | 12/01/2017 | Bento Time | 1,464 | 07/31/2020 | 82.4% | 09/01/2013 | |||||||||||
Loan | 47 | Eustis Plaza | 0.3% | Rent-A-Center East, Inc. | 4,769 | 06/30/2016 | Physio Med, Inc. | 2,840 | 09/30/2015 | 83.4% | 01/16/2014 | |||||||||||
Loan | 48 | Market at Horn Lake | 0.3% | Horn Lake Wine & Spirits, LLC | 2,660 | 02/28/2015 | Horn Lake Association #621,LLC | 2,100 | 10/31/2017 | 100.0% | 10/31/2013 | |||||||||||
Loan | 49 | 224 South 3rd Street | 0.2% | NAP | NAP | NAP | NAP | NAP | NAP | 97.2% | 10/30/2013 |
A-1-8
COMM 2014-CCRE15 | ||||||||||||||||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||||||||||||||||
% of | Upfront | Monthly | Upfront | Monthly | Upfront | Monthly | Upfront | Monthly | Upfront | |||||||||||||||
Property | Initial Pool | Replacement | Replacement | TI/LC | TI/LC | Tax | Tax | Insurance | Insurance | Engineering | ||||||||||||||
Flag | ID | Property Name | Balance | Reserves($)(14)(24) | Reserves ($)(14)(25) | Reserves($)(24) | Reserves($)(25) | Reserves($)(24) | Reserves($)(25) | Reserves($)(24) | Reserves($)(25) | Reserve($)(24) | ||||||||||||
Loan | 1 | Google and Amazon Office Portfolio(29)(30) | 10.9% | 17,630 | 31,289,848 | 172,473 | Springing | |||||||||||||||||
Property | 1.01 | Technology Corners | 7.0% | |||||||||||||||||||||
Property | 1.02 | Moffett Towers Building D | 3.9% | |||||||||||||||||||||
Loan | 2 | AMC Portfolio Pool I | 8.7% | 306,746 | Springing | 71,841 | Springing | 71,040 | ||||||||||||||||
Property | 2.01 | Northwood | 2.4% | |||||||||||||||||||||
Property | 2.02 | Stonegate | 2.0% | |||||||||||||||||||||
Property | 2.03 | North Bluff | 1.4% | |||||||||||||||||||||
Property | 2.04 | Grand Place | 1.2% | |||||||||||||||||||||
Property | 2.05 | Shady Grove | 0.9% | |||||||||||||||||||||
Property | 2.06 | Timber Heights | 0.4% | |||||||||||||||||||||
Property | 2.07 | Maple Run | 0.4% | |||||||||||||||||||||
Loan | 3 | 625 Madison Avenue(29)(30) | 8.4% | Springing | Springing | |||||||||||||||||||
Loan | 4 | 25 West 45th Street | 6.9% | 3,859 | 124,157 | 41,667 | 150,044 | 150,044 | Springing | 47,750 | ||||||||||||||
Loan | 5 | 1760 Third Avenue(29)(30) | 6.5% | 13,563 | 750,000 | 420,238 | 210,119 | 46,020 | 15,340 | |||||||||||||||
Loan | 6 | 600 Commonwealth | 3.7% | 6,582 | 1,500,000 | 125,000 | 232,534 | 58,134 | Springing | |||||||||||||||
Loan | 7 | One Sun Plaza | 3.7% | 4,820 | 5,475 | Springing | 78,000 | 9,734 | ||||||||||||||||
Loan | 8 | Kingsport Portfolio(30) | 3.2% | 23,826 | 223,439 | 40,437 | 17,473 | 17,473 | 140,663 | |||||||||||||||
Property | 8.01 | Allandale Falls Apartments | 1.3% | |||||||||||||||||||||
Property | 8.02 | Cross Creek Apartments | 1.0% | |||||||||||||||||||||
Property | 8.03 | Brandy Mill Apartments | 0.5% | |||||||||||||||||||||
Property | 8.04 | The Landings at Silver Lake | 0.5% | |||||||||||||||||||||
Loan | 9 | Winchester FEMA | 2.9% | 3,546 | Springing | 17,389 | 17,389 | 16,161 | 2,020 | 31,250 | ||||||||||||||
Loan | 10 | Media Park Santa Monica | 2.7% | 2,554 | 8,267 | 112,401 | 22,886 | 18,911 | 2,101 | |||||||||||||||
Loan | 11 | Spanish Oaks Apartments | 2.7% | 19,871 | 55,094 | 18,366 | 82,031 | 20,700 | 276,625 | |||||||||||||||
Loan | 12 | Ingleside Plantation | 2.5% | 6,333 | 28,285 | 28,285 | 106,221 | 8,171 | ||||||||||||||||
Loan | 13 | Hillsdale Portfolio | 2.4% | 5,625 | 600,000 | 18,579 | 20,000 | 39,800 | 85,000 | 6,800 | 67,800 | |||||||||||||
Loan | 14 | GRM South Brunswick | 2.0% | 3,399 | 71,379 | 35,475 | Springing | 189,800 | ||||||||||||||||
Loan | 15 | River Falls Shopping Center | 1.8% | 3,596 | 9,591 | 135,000 | 45,000 | Springing | ||||||||||||||||
Loan | 16 | Best Western Plus Hawthorne Terrace | 1.7% | 1/12 of 4.0% of prior year’s gross income | 110,000 | 14,000 | 25,000 | 5,500 | ||||||||||||||||
Loan | 17 | Orange MHC | 1.6% | 1,119 | 15,000 | 5,000 | 13,562 | 1,233 | ||||||||||||||||
Loan | 18 | Decatur Renaissance | 1.6% | 5,790 | 3,705 | 23,158 | 14,474 | 17,000 | 26,000 | 8,000 | 3,700 | 241,400 | ||||||||||||
Loan | 19 | Klopfer Industrial Portfolio | 1.6% | 4,125 | 8,333 | 3,240 | 3,240 | 12,300 | 1,469 | |||||||||||||||
Property | 19.01 | RR Donnelly Warehouse | 0.5% | |||||||||||||||||||||
Property | 19.02 | Grifols (Talecris) Building | 0.5% | |||||||||||||||||||||
Property | 19.03 | North Sails Warehouse | 0.3% | |||||||||||||||||||||
Property | 19.04 | Time Warner Cable Building | 0.3% | |||||||||||||||||||||
Loan | 20 | Century Court Apartments | 1.4% | 1,380,300 | 6,400 | 8,333 | 8,333 | 9,334 | 4,667 | 20,000 | ||||||||||||||
Loan | 21 | Marriott Hotel & Conference Center Spartanburg(30) | 1.4% | 1/12 of 4.0% of prior year’s gross income | 23,385 | 23,385 | 50,728 | Springing | ||||||||||||||||
Loan | 22 | Hilton Garden Inn Springfield OR | 1.4% | 4.0% of prior month’s gross revenues | 98,170 | 22,830 | Springing | |||||||||||||||||
Loan | 23 | 840 Westchester(30) | 1.4% | 600 | 275,000 | 3,997 | 2,667 | 2,667 | 5,229 | 2,614 | ||||||||||||||
Loan | 24 | Chestnut Ridge | 1.3% | 8,900 | 28,139 | 28,139 | Springing | 12,313 | ||||||||||||||||
Loan | 25 | Homewood Suites Lafayette LA | 1.3% | 4.0% of prior month’s gross revenues | 19,578 | 9,789 | Springing | |||||||||||||||||
Loan | 26 | Driscoll Place Apartments | 1.3% | 86,590 | 12,797 | 292,410 | 22,493 | 37,100 | Springing | |||||||||||||||
Loan | 27 | Custer Crossing | 1.3% | 2,675 | 15,118 | 15,118 | 41,498 | 4,463 | ||||||||||||||||
Loan | 28 | ART Indiana MF Portfolio | 1.1% | 6,950 | 54,750 | 11,417 | 7,967 | 3,984 | 23,375 | |||||||||||||||
Property | 28.01 | Acadia Court | 0.8% | |||||||||||||||||||||
Property | 28.02 | Brandon Court | 0.3% | |||||||||||||||||||||
Loan | 29 | Residence Inn Baton Rouge | 1.0% | 1/12 of 4.0% of prior year’s gross income | 12,500 | 6,250 | Springing | |||||||||||||||||
Loan | 30 | Regal Court | 1.0% | 5,679 | 39,914 | 17,425 | 64,971 | 5,141 | 549,485 | |||||||||||||||
Loan | 31 | The Cove Apartments | 1.0% | 1,200,000 | 84,410 | 7,034 | 15,622 | 15,622 | 38,613 | |||||||||||||||
Loan | 32 | Wyndham Hotel Oklahoma City | 0.9% | 1/12 of 4.0% of prior year’s gross income | 8,383 | Springing | ||||||||||||||||||
Loan | 33 | TownePlace Suites Boise | 0.8% | 1/12 of 4.0% of prior year’s gross income | 23,667 | 11,833 | Springing | |||||||||||||||||
Loan | 34 | Oasis at Regal Oaks | 0.7% | 6,323 | 17,529 | 8,765 | 14,383 | 7,191 | 19,375 | |||||||||||||||
Loan | 35 | Fort Davis Center | 0.7% | 736 | 150,000 | Springing | 12,348 | 3,087 | 3,316 | 1,658 | 48,438 | |||||||||||||
Loan | 36 | Walgreens SW Portfolio | 0.6% | Springing | Springing | Springing | Springing | |||||||||||||||||
Property | 36.01 | Walgreens - Weatherford, OK | 0.4% | |||||||||||||||||||||
Property | 36.02 | Walgreens (Goodwill) - Missouri City, TX | 0.3% | |||||||||||||||||||||
Loan | 37 | TownePlace Suites Pocatello | 0.6% | 1/12 of 4.0% of prior year’s gross income | 17,333 | 8,667 | Springing | |||||||||||||||||
Loan | 38 | Redhawk Pavilion | 0.6% | 300 | 334,000 | 1,201 | 20,000 | 6,667 | 4,195 | 466 | 9,625 | |||||||||||||
Loan | 39 | StoreSmart Self Storage | 0.6% | 1,405 | 7,833 | 1,958 | 1,500 | 1,500 | 617,000 | |||||||||||||||
Loan | 40 | Value Place Raleigh | 0.5% | 4.0% of prior month’s gross revenues | 21,521 | 4,304 | Springing | |||||||||||||||||
Loan | 41 | Westshore Landing | 0.5% | 326,117 | 2,800 | 5,755 | 5,755 | 34,410 | 2,868 | 13,800 | ||||||||||||||
Loan | 42 | Residence Inn San Antonio | 0.5% | 1/12 of 4.0% of prior year’s gross income | 43,500 | 14,500 | Springing | |||||||||||||||||
Loan | 43 | Sierra Place | 0.5% | 2,708 | 14,068 | 4,689 | 9,377 | 2,344 | ||||||||||||||||
Loan | 44 | Brookfield North Apartments | 0.4% | 2,271 | 10,900 | 5,450 | Springing | 60,687 | ||||||||||||||||
Loan | 45 | Siegel Suites Twain | 0.4% | 6,975 | 14,000 | 2,834 | 2,541 | 2,000 | 13,219 | |||||||||||||||
Loan | 46 | Evergreen Plaza - Everett, WA | 0.3% | 315 | 75,600 | 1,575 | 12,003 | 4,001 | 3,807 | 476 | ||||||||||||||
Loan | 47 | Eustis Plaza | 0.3% | 1,639 | 4,916 | 23,913 | 5,978 | 28,470 | 3,559 | 228,625 | ||||||||||||||
Loan | 48 | Market at Horn Lake | 0.3% | 1,427 | 2,098 | 6,995 | 6,995 | 7,186 | 898 | 11,250 | ||||||||||||||
Loan | 49 | 224 South 3rd Street | 0.2% | 729 | 7,500 | 7,500 | 10,558 | 1,508 |
A-1-9
COMM 2014-CCRE15 | ||||||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||||||
Other | ||||||||||||||
% of | Reserves($) | Other | Environmental | |||||||||||
Property | Initial Pool | (14)(22)(24) | Reserves | Report | Engineering | |||||||||
Flag | ID | Property Name | Balance | (25)(26) | Description(14)(22)(24)(25)(26) | Date | Report Date | |||||||
Loan | 1 | Google and Amazon Office Portfolio(29)(30) | 10.9% | 2,209,233 | Free Rent (Upfront: 2,209,233); Lease Sweep (Springing Monthly: Excess Cash Flow) | |||||||||
Property | 1.01 | Technology Corners | 7.0% | 11/17/2013 | 11/19/2013 | |||||||||
Property | 1.02 | Moffett Towers Building D | 3.9% | 11/19/2013 | 11/19/2013 | |||||||||
Loan | 2 | AMC Portfolio Pool I | 8.7% | |||||||||||
Property | 2.01 | Northwood | 2.4% | 12/18/2013 | 12/18/2013 | |||||||||
Property | 2.02 | Stonegate | 2.0% | 12/18/2013 | 12/18/2013 | |||||||||
Property | 2.03 | North Bluff | 1.4% | 12/18/2013 | 12/18/2013 | |||||||||
Property | 2.04 | Grand Place | 1.2% | 12/18/2013 | 12/18/2013 | |||||||||
Property | 2.05 | Shady Grove | 0.9% | 12/18/2013 | 12/18/2013 | |||||||||
Property | 2.06 | Timber Heights | 0.4% | 12/18/2013 | 12/18/2013 | |||||||||
Property | 2.07 | Maple Run | 0.4% | 12/18/2013 | 12/18/2013 | |||||||||
Loan | 3 | 625 Madison Avenue(29)(30) | 8.4% | 11/13/2013 | 11/18/2013 | |||||||||
Loan | 4 | 25 West 45th Street | 6.9% | 157,110 | Free Rent (Upfront: 157,110, Monthly: 25,808) | 11/21/2013 | 11/21/2013 | |||||||
Loan | 5 | 1760 Third Avenue(29)(30) | 6.5% | 182,500 | Zoning Violation (Upfront: 120,000); UST Remediation (Upfront: 62,500) | 12/30/2013 | 01/07/2014 | |||||||
Loan | 6 | 600 Commonwealth | 3.7% | Springing | Major Tenant Sweep (Springing Monthly: Excess Cash Flow) | 12/02/2013 | 12/02/2013 | |||||||
Loan | 7 | One Sun Plaza | 3.7% | 1,218,193 | QinetiQ Rollover (Upfront: 481,580); Outstanding TI/LC (Upfront: 472,528); Free Rent (Upfront: 264,086); Special Rollover (Springing Monthly: Excess Cash Flow) | 11/13/2013 | 11/11/2013; 11/12/2013 | |||||||
Loan | 8 | Kingsport Portfolio(30) | 3.2% | |||||||||||
Property | 8.01 | Allandale Falls Apartments | 1.3% | 11/06/2013 | 11/09/2013 | |||||||||
Property | 8.02 | Cross Creek Apartments | 1.0% | 11/07/2013 | 11/18/2013 | |||||||||
Property | 8.03 | Brandy Mill Apartments | 0.5% | 11/05/2013 | 11/22/2013 | |||||||||
Property | 8.04 | The Landings at Silver Lake | 0.5% | 11/06/2013 | 11/17/2013 | |||||||||
Loan | 9 | Winchester FEMA | 2.9% | 1,000 | O&M (Upfront: 1,000) | 11/04/2013 | 10/17/2013 | |||||||
Loan | 10 | Media Park Santa Monica | 2.7% | 385,587 | Suite 1847/1855 (Upfront: 200,000); Free Rent (Upfront: 174,829); Ground Rent (Upfront: 10,758; Monthly: Springing); Lease Sweep (Springing Monthly: Excess Cash Flow) | 08/13/2013 | 08/12/2013 | |||||||
Loan | 11 | Spanish Oaks Apartments | 2.7% | 12/18/2013 | 12/19/2013 | |||||||||
Loan | 12 | Ingleside Plantation | 2.5% | 11/27/2013 | 11/27/2013 | |||||||||
Loan | 13 | Hillsdale Portfolio | 2.4% | 512,070 | Free Rent (Upfront: 14,089); Outstanding TI/LC (Upfront: 497,981) | 09/24/2013 | 09/24/2013 | |||||||
Loan | 14 | GRM South Brunswick | 2.0% | 6,500,000 | Roof Work (Upfront: 5,000,000); GRM Build-Out (Upfront: 1,500,000) | 07/24/2013 | 07/24/2013 | |||||||
Loan | 15 | River Falls Shopping Center | 1.8% | 1,600,414 | Free Rent (Upfront: 175,414); Value City TI (Upfront: 750,000); Gordmans TI (Upfront: 675,000); Major Lease Sweep (Springing Monthly: Excess Cash Flow) | 12/02/2013 | 12/03/2013 | |||||||
Loan | 16 | Best Western Plus Hawthorne Terrace | 1.7% | 10/30/2013 | 10/31/2013 | |||||||||
Loan | 17 | Orange MHC | 1.6% | Springing | Amortization (Springing Monthly: 92,349 minus applicable monthly debt service) | 10/31/2013 | 10/31/2013 | |||||||
Loan | 18 | Decatur Renaissance | 1.6% | 406,765 | Wells Fargo (Upfront: 250,021); CCP Carry (Upfront: 156,744); Special Rollover (Springing Monthly: Excess Cash Flow) | 10/25/2013 | 10/01/2013 | |||||||
Loan | 19 | Klopfer Industrial Portfolio | 1.6% | 99,645 | Grifols TI (Upfront 99,645) | |||||||||
Property | 19.01 | RR Donnelly Warehouse | 0.5% | 11/26/2013 | 11/26/2013 | |||||||||
Property | 19.02 | Grifols (Talecris) Building | 0.5% | 11/26/2013 | 11/26/2013 | |||||||||
Property | 19.03 | North Sails Warehouse | 0.3% | 11/26/2013 | 11/26/2013 | |||||||||
Property | 19.04 | Time Warner Cable Building | 0.3% | 11/25/2013 | 11/26/2013 | |||||||||
Loan | 20 | Century Court Apartments | 1.4% | 1,297,546 | Leasing Threshold Holdback (Upfront: 1,297,546) | 08/08/2013 | 08/09/2013 | |||||||
Loan | 21 | Marriott Hotel & Conference Center Spartanburg(30) | 1.4% | 132,167 | Seasonality (Upfront: 115,500, Monthly: 16,500); Ground Lease (Upfront: 16,667, Monthly: 16,667); Franchise Termination (Springing Monthly: Excess Cash Flow) | 12/17/2013 | 12/17/2013 | |||||||
Loan | 22 | Hilton Garden Inn Springfield OR | 1.4% | Seasonality (Monthly: Springing) | 12/19/2013 | 12/09/2013 | ||||||||
Loan | 23 | 840 Westchester(30) | 1.4% | 285,719 | Outstanding TI (Upfront: 250,110); Ground Lease (Upfront: 35,609); Occupancy (Monthly Springing: Excess Cash Flow) | 12/19/2013 | 10/18/2013 | |||||||
Loan | 24 | Chestnut Ridge | 1.3% | 11/20/2013 | 11/20/2013 | |||||||||
Loan | 25 | Homewood Suites Lafayette LA | 1.3% | 12/04/2013 | 12/03/2013 | |||||||||
Loan | 26 | Driscoll Place Apartments | 1.3% | 12/10/2013 | 12/10/2013 | |||||||||
Loan | 27 | Custer Crossing | 1.3% | 12/27/2013 | 08/21/2013 | |||||||||
Loan | 28 | ART Indiana MF Portfolio | 1.1% | 9,000 | Radon (Upfront: 9,000) | |||||||||
Property | 28.01 | Acadia Court | 0.8% | 12/13/2013 | 12/13/2013 | |||||||||
Property | 28.02 | Brandon Court | 0.3% | 12/13/2013 | 12/13/2013 | |||||||||
Loan | 29 | Residence Inn Baton Rouge | 1.0% | 09/26/2013 | 11/22/2013 | |||||||||
Loan | 30 | Regal Court | 1.0% | 12/06/2013 | 12/17/2013 | |||||||||
Loan | 31 | The Cove Apartments | 1.0% | 11/21/2013 | 11/21/2013 | |||||||||
Loan | 32 | Wyndham Hotel Oklahoma City | 0.9% | 68,000 | Seasonality (Upfront: 68,000, Springing Monthly: Excess Cash Flow) | 12/20/2013 | 11/11/2013 | |||||||
Loan | 33 | TownePlace Suites Boise | 0.8% | 09/27/2013 | 11/22/2013 | |||||||||
Loan | 34 | Oasis at Regal Oaks | 0.7% | 11/13/2013 | 11/19/2013 | |||||||||
Loan | 35 | Fort Davis Center | 0.7% | 1,153,063 | DCDHS TI (Upfront: 977,459); KRA TILC (Upfront: 152,418); KRA Rent (Upfront: 23,186); Lease Sweep (Springing Monthly: Excess Cash Flow) | 11/14/2013 | 11/12/2013 | |||||||
Loan | 36 | Walgreens SW Portfolio | 0.6% | |||||||||||
Property | 36.01 | Walgreens - Weatherford, OK | 0.4% | 11/12/2013 | 11/12/2013 | |||||||||
Property | 36.02 | Walgreens (Goodwill) - Missouri City, TX | 0.3% | 11/12/2013 | 11/12/2013 | |||||||||
Loan | 37 | TownePlace Suites Pocatello | 0.6% | 09/27/2013 | 11/22/2013 | |||||||||
Loan | 38 | Redhawk Pavilion | 0.6% | 7,500 | Environmental (Upfront: 7,500) | 11/12/2013 | 10/28/2013 | |||||||
Loan | 39 | StoreSmart Self Storage | 0.6% | 10/31/2013 | 10/31/2013 | |||||||||
Loan | 40 | Value Place Raleigh | 0.5% | 12/16/2013 | 12/16/2013 | |||||||||
Loan | 41 | Westshore Landing | 0.5% | 10/18/2013 | 10/18/2013 | |||||||||
Loan | 42 | Residence Inn San Antonio | 0.5% | 09/23/2013 | 11/22/2013 | |||||||||
Loan | 43 | Sierra Place | 0.5% | 08/22/2013 | 11/01/2013 | |||||||||
Loan | 44 | Brookfield North Apartments | 0.4% | 11/26/2013 | 11/26/2013 | |||||||||
Loan | 45 | Siegel Suites Twain | 0.4% | 07/25/2013 | 08/09/2013 | |||||||||
Loan | 46 | Evergreen Plaza - Everett, WA | 0.3% | 125,000 | Jimmy Mac’s (Upfront: 125,000); Retenanting (Springing Monthly: Excess Cash Flow); Starbucks Lease Renewal (Springing Monthly: 2,000) | 11/22/2013 | 11/22/2013 | |||||||
Loan | 47 | Eustis Plaza | 0.3% | Springing | Retenanting (Springing Monthly: Excess Cash Flow) | 10/10/2013 | 09/16/2013 | |||||||
Loan | 48 | Market at Horn Lake | 0.3% | 5,000 | Additional Repair Work (Upfront: 5,000); Retenanting (Springing Monthly: Excess Cash Flow) | 09/16/2013 | 10/22/2013 | |||||||
Loan | 49 | 224 South 3rd Street | 0.2% | 12/13/2013 | 12/13/2013 |
A-1-10
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||||||||||
Existing | Future | |||||||||||||||||
% of | Additional | Debt | ||||||||||||||||
Property | Initial Pool | Loan | Debt | Permitted | ||||||||||||||
Flag | ID | Property Name | Balance | Purpose | Sponsor(27) | Guarantor(27) | Amount | Existing Additional Debt Description | Type(28) | |||||||||
Loan | 1 | Google and Amazon Office Portfolio(29)(30) | 10.9% | Refinance | Joseph K. Paul; Jay Paul Revocable Living Trust | Joseph K. Paul; Jay Paul Revocable Living Trust | 410,000,000 | $342.2 Million Pari Passu; $67.8 Million Mezzanine | NAP | |||||||||
Property | 1.01 | Technology Corners | 7.0% | |||||||||||||||
Property | 1.02 | Moffett Towers Building D | 3.9% | |||||||||||||||
Loan | 2 | AMC Portfolio Pool I | 8.7% | Acquisition | RHP Properties, Inc.; NorthStar Realty Finance Corp. | Ross H. Partrich | NAP | None | Mezzanine | |||||||||
Property | 2.01 | Northwood | 2.4% | |||||||||||||||
Property | 2.02 | Stonegate | 2.0% | |||||||||||||||
Property | 2.03 | North Bluff | 1.4% | |||||||||||||||
Property | 2.04 | Grand Place | 1.2% | |||||||||||||||
Property | 2.05 | Shady Grove | 0.9% | |||||||||||||||
Property | 2.06 | Timber Heights | 0.4% | |||||||||||||||
Property | 2.07 | Maple Run | 0.4% | |||||||||||||||
Loan | 3 | 625 Madison Avenue(29)(30) | 8.4% | Acquisition | Ben Ashkenazy | Ben Ashkenazy | 305,000,000 | $110.0 Million Pari Passu; $195.0 Million Mezzanine | NAP | |||||||||
Loan | 4 | 25 West 45th Street | 6.9% | Refinance | Kenneth Aschendorf; Berndt Perl | Kenneth Aschendorf; Berndt Perl | NAP | None | NAP | |||||||||
Loan | 5 | 1760 Third Avenue(29)(30) | 6.5% | Refinance | The Chetrit Group | Meyer Chetrit | 95,000,000 | $75.0 Million Pari Passu; $20.0 Million Mezzanine | NAP | |||||||||
Loan | 6 | 600 Commonwealth | 3.7% | Acquisition | David Y. Lee | David Y. Lee | NAP | None | Mezzanine | |||||||||
Loan | 7 | One Sun Plaza | 3.7% | Refinance | Gary D. Goodman | Gary D. Goodman | NAP | None | NAP | |||||||||
Loan | 8 | Kingsport Portfolio(30) | 3.2% | Acquisition | Richard A. Fishman; Susann A. Fishman; The Fishman Family Trust | Richard A. Fishman; Susann A. Fishman; The Fishman Family Trust | 3,000,000 | Mezzanine | NAP | |||||||||
Property | 8.01 | Allandale Falls Apartments | 1.3% | |||||||||||||||
Property | 8.02 | Cross Creek Apartments | 1.0% | |||||||||||||||
Property | 8.03 | Brandy Mill Apartments | 0.5% | |||||||||||||||
Property | 8.04 | The Landings at Silver Lake | 0.5% | |||||||||||||||
Loan | 9 | Winchester FEMA | 2.9% | Refinance | Cowperwood Company, Inc. | John C. Harvey; Edward J. Sussi | NAP | None | NAP | |||||||||
Loan | 10 | Media Park Santa Monica | 2.7% | Refinance | Scott R. McCarter; Bryan Levy | Scott R. McCarter; Bryan Levy | NAP | None | NAP | |||||||||
Loan | 11 | Spanish Oaks Apartments | 2.7% | Refinance | Various | Various | NAP | None | NAP | |||||||||
Loan | 12 | Ingleside Plantation | 2.5% | Refinance | Dawn McNaught; Bryan Mellinger | Dawn McNaught; Bryan Mellinger | NAP | None | NAP | |||||||||
Loan | 13 | Hillsdale Portfolio | 2.4% | Refinance | Various | Various | NAP | None | NAP | |||||||||
Loan | 14 | GRM South Brunswick | 2.0% | Acquisition | Moishe Mana | Moishe Mana | NAP | None | NAP | |||||||||
Loan | 15 | River Falls Shopping Center | 1.8% | Refinance | Brian Shirken; Richard A. Margolis | Brian Shirken; Richard A. Margolis | NAP | None | NAP | |||||||||
Loan | 16 | Best Western Plus Hawthorne Terrace | 1.7% | Refinance | Eugene Kornota; Anthony Klok | Eugene Kornota; Anthony Klok | NAP | None | NAP | |||||||||
Loan | 17 | Orange MHC | 1.6% | Refinance | Robert E. Terry | Robert E. Terry | NAP | None | NAP | |||||||||
Loan | 18 | Decatur Renaissance | 1.6% | Refinance | Rialto Real Estate Fund II, LP | Rialto Real Estate Fund II, LP | NAP | None | NAP | |||||||||
Loan | 19 | Klopfer Industrial Portfolio | 1.6% | Refinance | George M. Klopfer; Matthew S. Polk, Jr. | George M. Klopfer; Matthew S. Polk, Jr. | NAP | None | NAP | |||||||||
Property | 19.01 | RR Donnelly Warehouse | 0.5% | |||||||||||||||
Property | 19.02 | Grifols (Talecris) Building | 0.5% | |||||||||||||||
Property | 19.03 | North Sails Warehouse | 0.3% | |||||||||||||||
Property | 19.04 | Time Warner Cable Building | 0.3% | |||||||||||||||
Loan | 20 | Century Court Apartments | 1.4% | Acquisition | Stonetown 4, LLLP; Dakotaland Lodging, LLC | Stonetown 4, LLLP; Dakotaland Lodging, LLC | NAP | None | NAP | |||||||||
Loan | 21 | Marriott Hotel & Conference Center Spartanburg(30) | 1.4% | Refinance | Jimmy I. Gibbs; Andrew B. Cajka, Jr. | Jimmy I. Gibbs; Andrew B. Cajka, Jr. | 3,000,000 | Mezzanine | NAP | |||||||||
Loan | 22 | Hilton Garden Inn Springfield OR | 1.4% | Refinance | William J. Lawson | William J. Lawson | NAP | None | NAP | |||||||||
Loan | 23 | 840 Westchester(30) | 1.4% | Refinance | Brian Shirken; Richard A. Margolis | Brian Shirken; Richard A. Margolis | NAP | None | NAP | |||||||||
Loan | 24 | Chestnut Ridge | 1.3% | Refinance | Robert P. Rothenberg; Gideon Z. Friedman | Robert P. Rothenberg; Gideon Z. Friedman | NAP | None | NAP | |||||||||
Loan | 25 | Homewood Suites Lafayette LA | 1.3% | Refinance | Allan V. Rose | Allan V. Rose | NAP | None | NAP | |||||||||
Loan | 26 | Driscoll Place Apartments | 1.3% | Refinance | AMAC Holdings LLC | AMAC Holdings LLC | NAP | None | NAP | |||||||||
Loan | 27 | Custer Crossing | 1.3% | Acquisition | N. Richard Kalikow | N. Richard Kalikow | NAP | None | Mezzanine | |||||||||
Loan | 28 | ART Indiana MF Portfolio | 1.1% | Refinance | Arbor Realty SR, Inc. | Arbor Realty SR, Inc. | NAP | None | NAP | |||||||||
Property | 28.01 | Acadia Court | 0.8% | |||||||||||||||
Property | 28.02 | Brandon Court | 0.3% | |||||||||||||||
Loan | 29 | Residence Inn Baton Rouge | 1.0% | Acquisition | Various | Various | NAP | None | NAP | |||||||||
Loan | 30 | Regal Court | 1.0% | Acquisition | Paul R. Steinfurth | Paul R. Steinfurth | NAP | None | NAP | |||||||||
Loan | 31 | The Cove Apartments | 1.0% | Acquisition | Edward Lorin; Charles Hill | Edward Lorin; Charles Hill | NAP | None | NAP | |||||||||
Loan | 32 | Wyndham Hotel Oklahoma City | 0.9% | Refinance | Peter Snowden; Kevin S. Pitts | Peter Snowden; Kevin S. Pitts | NAP | None | NAP | |||||||||
Loan | 33 | TownePlace Suites Boise | 0.8% | Acquisition | Various | Various | NAP | None | NAP | |||||||||
Loan | 34 | Oasis at Regal Oaks | 0.7% | Refinance | Kevin C. O’Brien; Marguerite E. O’Brien | Kevin C. O’Brien; Marguerite E. O’Brien | NAP | None | NAP | |||||||||
Loan | 35 | Fort Davis Center | 0.7% | Acquisition | Arvind Chary; Alex Foster; James Barter; Jeff Wainwright | Arvind Chary; Alex Foster; James Barter; Jeff Wainwright | NAP | None | NAP | |||||||||
Loan | 36 | Walgreens SW Portfolio | 0.6% | Refinance | Richard Rosenfield; Jerrold H. Marks | Richard Rosenfield; Jerrold H. Marks | NAP | None | NAP | |||||||||
Property | 36.01 | Walgreens - Weatherford, OK | 0.4% | |||||||||||||||
Property | 36.02 | Walgreens (Goodwill) - Missouri City, TX | 0.3% | |||||||||||||||
Loan | 37 | TownePlace Suites Pocatello | 0.6% | Acquisition | Various | Various | NAP | None | NAP | |||||||||
Loan | 38 | Redhawk Pavilion | 0.6% | Recapitalization | Donald R. Klein | Donald R. Klein | NAP | None | NAP | |||||||||
Loan | 39 | StoreSmart Self Storage | 0.6% | Acquisition | W. Bradford Sherman | W. Bradford Sherman | NAP | None | NAP | |||||||||
Loan | 40 | Value Place Raleigh | 0.5% | Refinance | P. Carter Rise | P. Carter Rise | NAP | None | NAP | |||||||||
Loan | 41 | Westshore Landing | 0.5% | Acquisition | Dornan Family Trust and Nancy R. Dornan | Dornan Family Trust and Nancy R. Dornan | NAP | None | NAP | |||||||||
Loan | 42 | Residence Inn San Antonio | 0.5% | Acquisition | Various | Various | NAP | None | NAP | |||||||||
Loan | 43 | Sierra Place | 0.5% | Refinance | Norman J. Radow | Norman J. Radow | NAP | None | NAP | |||||||||
Loan | 44 | Brookfield North Apartments | 0.4% | Refinance | Paul V. Profeta | Paul V. Profeta | NAP | None | NAP | |||||||||
Loan | 45 | Siegel Suites Twain | 0.4% | Refinance | Stephen Siegel | Stephen Siegel | NAP | None | NAP | |||||||||
Loan | 46 | Evergreen Plaza - Everett, WA | 0.3% | Refinance | Jahan Moslehi; Andy Chien | Jahan Moslehi; Andy Chien | NAP | None | NAP | |||||||||
Loan | 47 | Eustis Plaza | 0.3% | Refinance | Sam Mark | Sam Mark | NAP | None | Mezzanine | |||||||||
Loan | 48 | Market at Horn Lake | 0.3% | Refinance | Sam Mark | Sam Mark | NAP | None | Mezzanine | |||||||||
Loan | 49 | 224 South 3rd Street | 0.2% | Refinance | Robert Raphael | Robert Raphael | NAP | None | NAP |
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FOOTNOTES TO ANNEX A-1
Loan numbers listed below refer to the ID number identified on Annex A-1 for the related Mortgage Loan.
(1) | GACC—German American Capital Corporation or one of its affiliates; Natixis—Natixis Real Estate Capital LLC or one of its affiliates; JLC—Jefferies LoanCore LLC or one of its affiliates; CCRE—Cantor Commercial Real Estate Lending, L.P. 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; JLC—Jefferies LoanCore LLC or one of its affiliates; CCRE—Cantor Commercial Real Estate Lending, L.P. or one of its affiliates. |
(3) | Loan No. 1 – Google and Amazon Office Portfolio – The Original Balance and Cut-off Date Balance of $110.0 million represent the non-controlling Note A-2 of a $452.2 million whole loan evidenced by four pari passu notes. The pari passu companion loans are the controlling Note A-1 in the original principal amount of $155.0 million, which was securitized in the COMM 2014-CCRE14 mortgage trust, and the non-controlling Note A-3 in the original principal amount of $120.0 million and the non-controlling Note A-4 in the original principal amount of $67.2 million, both of which may be further divided and are expected to be held by GACC or an affiliate on the closing date. |
Loan No. 3 – 625 Madison Avenue – The Original Balance and Cut-off Date Balance of $85.0 million represent the non-controlling Note A-2 of a $195.0 million whole loan evidenced by two pari passu notes. The pari passu companion loan is the controlling Note A-1 in the original principal amount of $110.0 million, which was securitized in the COMM 2014-CCRE14 mortgage trust.
Loan No. 5 – 1760 Third Avenue – The Original Balance and Cut-off Date Balance of $65.0 million represent the non-controlling Note A-1 of a $140.0 million whole loan evidenced by two pari passu notes. The pari passu companion loan is the controlling Note A-2 with an original principal amount of $75.0 million, which is held by Natixis Real Estate Capital LLC 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. |
(5) | The Administrative Fee Rate includes the respective per annum rates applicable to the calculation of the master servicing fee (including any sub-servicing fee or primary servicing 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. 45 – Siegel Suites Twain – The Siegel Suites Twain Mortgaged Property is used primarily as an extended stay residence. Leases are weekly, bi-weekly or monthly. |
(7) | 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%. |
Loan No. 10 – Media Park Santa Monica – The Media Park Santa Monica Mortgage Loan has an ARD feature with an anticipated repayment date of February 6, 2024, with a revised interest rate for the period from the anticipated repayment date through January 6, 2031 equal to the greater of (a) 8.4900% and (b) the 10-year swap yield as of the anticipated repayment date plus 5.6100%.
(8) | 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 Companion Loan Monthly Debt Service shown in Annex A-1 was |
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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. 8 – Kingsport Portfolio – The Kingsport Portfolio Mortgage Loan amortizes on a planned amortization schedule provided in Annex I of this Free Writing Prospectus. As such, the Cut-off Date Balance, Maturity or ARD Balance, Monthly Debt Service, Underwritten NOI DSCR and Underwritten NCF DSCR are all based on this 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 Cut-off Date. Underwritten NOI DSCR and Underwritten NCF DSCR were calculated using the average monthly debt service previously stated.
Loan No. 32 – Wyndham Hotel Oklahoma City – The Wyndham Hotel Oklahoma City Mortgage Loan is structured with monthly payments of $62,460.12 for the first 60 months and $55,849.85 from month 61 until the maturity date.
(9) | Annual Debt Service, Monthly Debt Service, Underwritten NOI DSCR and Underwritten NCF DSCR for Mortgage Loans with partial interest only periods are shown based on the monthly debt service payment immediately following the expiration of the interest only period. |
(10) | “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 (i) 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 and (ii) upon a trigger event (as specified in the related Mortgage Loan documents), each tenant will be required to transfer its rent directly into a lender-controlled lockbox. |
Loan No. 21 – Marriott Hotel & Conference Center Spartanburg – Under the Marriott Hotel & Conference Center Spartanburg Mortgage Loan documents, receipts will be deposited into an operating account maintained and controlled by the property manager, who is not affiliated with the borrower. The property manager pays operating expenses out of this account and, on a monthly basis, is required to transfer all funds above $150,000 from the account to a lockbox. The lender has a security interest in the operating account maintained and controlled by the property manager.
(11) | “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). |
(12) | 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. 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.
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Loan No. 5 – 1760 Third 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.
(13) | 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. |
(14) | Loan No. 14 – GRM South Brunswick – Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD and Appraised Value are based on the “As-Stabilized” appraised value as of September 1, 2014 of $29,400,000 which reflects the execution of the GRM Information Management Services, Inc. lease. GRM Information Management Services, Inc. (a borrower affiliate) has executed its lease of 100.0% of the GRM South Brunswick Mortgaged Property. Additionally, at closing, the borrower reserved $5,000,000 to raise the roof by approximately 21 feet at the GRM South Brunswick Mortgaged Property and $1,500,000 for the build-out of GRM Information Management Services, Inc.’s space. |
Loan No. 26 – Driscoll Place Apartments – Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD and Appraised Value are based on the “As Repaired” appraised value as of December 24, 2013 of $17,300,000 which reflects completion of deferred maintenance at the Driscoll Place Apartments Mortgaged Property. At closing, the borrower reserved $86,590 for replacement reserves and will make monthly deposits of $12,797 into the replacement reserve during the term of the Driscoll Place Apartments Mortgage Loan.
Loan No. 31 – The Cove Apartments – Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD and Appraised Value are based on the “As- Renovated and Stabilized” appraised value as of December 1, 2014 of $13,000,000 which reflects completion of renovations which are expected to occur by year-end 2014. At closing, the borrower reserved $1,200,000 ($4,000 per unit) for such planned capital improvements.
Loan No. 35 – Fort Davis Center – Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD and Appraised Value are based on the “Hypothetical” appraised value as of November 6, 2013 of $9,600,000 which reflects completion of renovations which are expected to be completed in March 2014. Prior to closing, approximately $511,478 had been spent on the completion of tenant improvements related to the Largest Tenant, DC Department of General Services. At closing, the borrower reserved $977,459 for the remaining tenant improvements related to DC Department of General Services.
(15) | 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 25 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 yield maintenance premium equal to the greater of yield maintenance or 1% of the unpaid principal balance and is permitted
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after the date that is the 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 25 months is based on the expected COMM 2014-CCRE15 securitization closing date in February 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. 2 – AMC Portfolio Pool I – On any date after the lockout period ends, the borrower may obtain the release of any property upon a bona fide third-party sale of such property, provided, among other things per the loan documents, (i) there is no event of default, (ii) the DSCR for the remaining properties (calculated by aggregating the debt service for the AMC Portfolio Pool I Mortgage Loan and a portion of the debt service for any outstanding permitted mezzanine loan) shall be no less than the greater of the DSCR immediately preceding such sale and 1.15x, (iii) the payment of principal equal to the applicable Release Amount (120% of the allocated loan amount or 115% of the allocated loan amount with respect to the Maple Run Mortgaged Property and Timber Heights Mortgaged Property, or, in the case of certain affiliated transactions, the greater of 125% of the allocated loan amount and 100% of the net sales proceeds), together with the applicable yield maintenance premium and (iv) following the release, LTV meets REMIC guidelines. Notwithstanding the stated lockout period, there is no lockout period related to a partial release of the Timber Heights Mortgaged Property or the Maple Run Mortgaged Property. Additionally, at any time prior to January 1, 2023, the borrowers are permitted to release collateral properties and substitute new properties as collateral for the AMC Portfolio Pool I Mortgage Loan provided that, among other things: (i) the aggregate allocated loan amounts related to the properties being released (through one or more substitutions) does not exceed more than 25% of the original AMC Portfolio Pool I Mortgage Loan amount, (ii) the borrower pays a fee of 0.25% of the allocated loan amount for the released property, (iii) both on the loan closing date and as of the date of substitution, (1) the fair market value of the new property is not less than the fair market value of the substituted property and (2) the net operating income of the new property is not less than the net operating income of the substituted property, (iv) the number of properties is not reduced as a result of the substitution, (v) delivery of a REMIC opinion and rating agency confirmation letters and (vi) the geographic diversity of the properties following the substitution is no different from the geographical diversity of the properties prior to the substitution. See “Annex B—Description of the Top 20 Mortgage Loans—AMC Portfolio Pool I” in this Free Writing Prospectus.
Loan No. 5 – 1760 Third Avenue – The defeasance lockout period will be at least 24 payment dates beginning with and including the first payment date of March 5, 2014. Defeasance of the full $140.0 million 1760 Third Avenue 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) January 22, 2018. For the purposes of this Free Writing Prospectus, the assumed defeasance lockout period of 24 months is based on the expected COMM 2014-CCRE15 securitization closing date in February 2014. The actual defeasance lockout period may be longer.
Loan No. 6 – 600 Commonwealth – The LA County Superior Court has an ongoing right to purchase the 600 Commonwealth Mortgaged Property at any time during its lease term upon 180 days prior written notice. The price will be determined pursuant to an appraisal utilizing both the income approach and the cost approach. The appraiser will be engaged by the LA County Superior Court and if the borrower does not agree with the initial valuation, the borrower may engage its own appraiser to use the same methodology and the purchase price will be the average of the two appraisals. If the purchase price as determined by the average of the two appraisals is not acceptable to both parties a third appraiser will be selected jointly by the LA County Superior Court and the borrower. If the third appraisal is not acceptable to both parties, the purchase price will be determined to be the average of the three appraisals. In connection with the origination of the 600 Commonwealth Mortgage Loan, the LA County Superior Court signed an SNDA with the lender that includes a provision that the purchase option will not be affected or diminished by the subordination provision of the SNDA, so long as upon closing of the transfer of the 600 Commonwealth Mortgaged Property pursuant to the exercise of the purchase option, the indebtedness secured by the mortgage has been paid in full. In the event the LA County Superior Court exercises its purchase option during the lockout period, the borrower is required to prepay the 600 Commonwealth Mortgage Loan with the payment of a prepayment premium equal to the greater of 1% of the 600 Commonwealth Mortgage Loan
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amount or yield maintenance. The sponsor will also be responsible for the payment of any shortfall between the purchase price under the LA County Superior Court purchase option and the amount required to fully satisfy the 600 Commonwealth Mortgage Loan. In the event the LA County Superior Court exercises its purchase option after the lockout period, the borrower will be required to defease the 600 Commonwealth Mortgage Loan in its entirety.
Loan No. 7 – One Sun Plaza – The release of an identified parcel at the One Sun Plaza Mortgaged Property is permitted provided the borrower satisfies certain conditions as set forth in the One Sun Plaza Mortgage Loan documents.
Loan No. 9 – Winchester FEMA – The related borrower has disclosed that it is in discussions with the Largest Tenant, GSA – FEMA, regarding the construction of expansion space for GSA – FEMA to lease on land currently used for overflow parking. If the borrower and GSA – FEMA agree to the construction of additional space, the loan documents permit the release of the expansion parcel and the substitution of a designated replacement parcel, provided, among other things, the LTV for the remaining property does not exceed the lesser of the LTV immediately preceding such release and 66.9% and the designated release parcel is replaced by the designated replacement parcel. In addition, a certain designated parcel containing a residence is subject to a mandatory release upon the adjacent property owner obtaining a waiver from the Subdivision Ordinance of Frederick County, Virginia that would permit the adjacent property owner to possess the residential parcel.
Loan No. 19 – Klopfer Industrial 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. 20 – Century Court Apartments – After the expiration of the lockout period, the borrower may prepay the loan in part provided, among other things, the borrower pays the yield maintenance premium.
Loan No. 28 – ART Indiana 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.
(16) | Loan No. 3 – 625 Madison Avenue – The collateral for the 625 Madison Avenue Mortgage Loan consists of the borrower’s leased fee interest in the 625 Madison Avenue Mortgaged Property. The leasehold interest and improvements consist of a 563,000 sq. ft. mixed use office and retail building which is not part of the collateral. |
Loan No. 7 – One Sun Plaza – In connection with the development of the One Sun Plaza Mortgaged Property, the borrower transferred the fee interest in the property (other than a release parcel) to the City of Albuquerque, New Mexico in connection with a bond issuance and the city leased the One Sun Plaza Mortgaged Property back to the borrower pursuant to a ground lease that expires in June 2017. Upon expiration of the ground lease, the borrower is required to purchase the fee interest from the city for $1.00 (plus any related costs and expenses). For purposes of this Free Writing Prospectus, borrower’s interest is identified as fee simple.
(17) | 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. 10 – Media Park Santa Monica – The Media Park Santa Monica Mortgaged Property is subject to a ground lease with an expiration of March 31, 2041 and no extension options. The annual ground rent under the lease is currently approximately $129,094 and increases every 10 years beginning in April 2016. Annual ground rent payment increases are based on a CPI calculation and will not exceed 112.5% of the annual rent payable during the preceding 10-year period. In no event will the annual rent payment be less than the rent payable during the preceding 10-year period.
Loan No. 21 – Marriott Hotel & Conference Center Spartanburg – The Marriott Hotel & Conference Center Spartanburg Mortgaged Property is subject to two ground leases, the “Ground Lease” and the “Conference Center Lease”, both with an expiration date of January 13, 2061 and no extension options. Annual rent under the Ground Lease is $200,000. Annual rent under the Conference Center Lease is $1.00. Neither lease contains any escalation on base rent.
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Loan No. 23 – 840 Westchester – The 840 Westchester Mortgaged Property is subject to two coterminous ground leases with expiration dates of December 31, 2048 and no extension options. The annual ground rents under the leases are currently $127,345 and $267,424, respectively, and rent under each ground lease will increase by 2% every two years.
(18) | The following tenants that occupy 5% or greater of the net rentable area at the property are borrower affiliates: |
Loan No. 14 – GRM South Brunswick – The Largest Tenant, GRM Information Management Services, Inc., which is an affiliate of the borrower, leases 100.0% of the net rentable area at the GRM South Brunswick Mortgaged Property.
Loan No. 27 – Custer Crossing – The Custer Crossing Mortgaged Property is subject to a master lease between the borrower and an affiliate of the borrower for a period of one year, with an annual rent of no less than $252,000, for 10 units at the Custer Crossing Mortgaged Property. The master lease may be terminated with respect to an individual unit upon satisfying certain conditions as set forth in the related mortgage loan documents. The master lease may be terminated in its entirety once the total rent paid by third parties under units originally included in the master lease equals or exceeds $21,000. The master lease was not included in the underwritten occupancy, net operating income or net cash flow of the Custer Crossing Mortgaged Property.
(19) | 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 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. 5 – 1760 Third Avenue – If the NYC’s Department of Housing Preservation & Development (“HPD”) approval (set forth on the letter dated June 21, 2010 from HPD (the “HPD Letter”), attached as Exhibit E to the EHS lease) of the conversion of the building to dormitory use is withdrawn or if NYC’s Department of Buildings (“DOB”) revokes the certificate of occupancy and such HPD Letter or certificate of occupancy is not reinstated, the borrower or the Largest Tenant, EHS, have the right to terminate the lease with at least 30 days prior written notice to the other party effective as of the following May 31st (if permitted by such agency). If the landlord elects to change the use of all or parts of the building to certain adult enterprises or rehabilitation facilities as more specifically set forth in the related lease, it must notify the 2nd Largest Tenant, LIM College, no later than April 30th for a change to occur by September of the following year. The 2nd Largest Tenant, LIM College, has the right to terminate the lease by delivering written notice within the later of (i) 30 days or (ii) 390 days after the receipt of the written notice of the proposed use change. If the certificate of occupancy is changed in a manner which would prohibit the premises from being used as a student dormitory, and as a result, the 3rd Largest Tenant and the 4th Largest Tenant, CUNY Baruch College and CUNY Hunter College, are required by the DOB to vacate the building, either the landlord or the tenants may terminate their respective leases as of a date set forth in a written notice to the other, which date is at least 30 days after the delivery of the notice, but in any event no later than the date required by the DOB.
Loan No. 6 – 600 Commonwealth – The 2nd Largest Tenant, LA County Department of Health Services, has an ongoing right to terminate 13,674 sq. ft. of its space with 60 days prior written notice and repayment of all unamortized tenant improvement costs. The 3rd Largest Tenant, LA County Department of Mental Health, has an ongoing right to terminate its lease with 60 days prior written notice.
Loan No. 9 – Winchester FEMA – The Largest Tenant, GSA – FEMA has a one-time right to terminate the expansion space totaling 5,714 sq. ft. on April 2, 2018 subject to 180 days written notice. In addition, GSA - FEMA can terminate the lease at any time during the extension term upon a 30 day written notice.
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Loan No. 10 – Media Park Santa Monica – The Largest Tenant, EPS – Cineworks, has the option to terminate in January 2018 with 180 days prior written notice and payment of a termination fee equal to four months’ rent. The 2nd Largest Tenant, Sapient Corporation, has the right to terminate its lease with respect to 14,361 sq. ft. in June 2018 with eight months prior notice and payment of a termination fee equal to the unamortized costs of improvements, leasing commissions, any remaining free rent and three month’s rent plus any additional rent charges occurring in June 2018.
Loan No. 13 – Hillsdale Portfolio – The Largest Tenant at the Hillsdale Portfolio Mortgaged Property, Community Hospitals of Indiana, has the right to terminate two of its leases with respect to 16,238 sq. ft. of space at any time with 30 days prior written notice to the borrower.
Loan No. 18 – Decatur Renaissance – The Largest Tenant at the Decatur Renaissance Mortgaged Property, CCP North America, has the right to terminate its lease in June 2019 with respect to 43,203 sq. ft. of space, subject to 12 months prior written notice to the borrower and payment of a termination fee equal to $482,247.
Loan No. 19 – Klopfer Industrial Portfolio – The Largest Tenant at the Grifols (Talecris) Building Mortgaged Property, Grifols Therapeutics Inc., has the option to terminate its lease at any time during calendar year 2017 with 12 months prior notice and payment of a termination fee equal to $376,991.
Loan No. 23 – 840 Westchester – The Largest Tenant, St. Dominic’s Home, has the right to terminate its lease at any time with 60 days prior written notice upon the City of New York failing to award the tenant 100.0% of the funds necessary to operate the program during any consecutive twelve month period.
Loan No. 36 – Walgreens SW Portfolio – The Walgreens – Weatherford, OK Mortgaged Property single tenant expiration of September 30, 2028 represents the first termination option of the lease and Walgreens has a full lease term expiration of October 31, 2078. Walgreens may terminate its lease every five years following its initial termination option with six months prior notice. The Walgreens (Goodwill) – Missouri City, TX Mortgaged Property single tenant expiration of July 31, 2028 represents the first termination option of the lease and Walgreens has a full lease term expiration of July 31, 2078. Walgreens may terminate its lease every five years following its initial termination option with twelve months prior notice.
(20) | Loan No. 2 – AMC Portfolio Pool I - Occupancy includes 270 sponsor owned homes, which represents 13.5% of the AMC Portfolio Pool I Mortgaged Properties’ total pads. |
(21) | The following major tenants (listed on Annex A-1) are currently subleasing all or a significant portion of its leased space: |
Loan No. 1 – Google and Amazon Office Portfolio – The Largest Tenant at the Technology Corners Mortgaged Property, Google, is currently subleasing the third floor of 807 11th Avenue to Motorola Mobility, Inc., an affiliate of Google.
Loan No. 36 – Walgreens SW Portfolio – The single tenant at the Walgreens (Goodwill) – Missouri City, TX Mortgaged Property, Walgreens, is currently subleasing 13,650 sq. ft. to Goodwill Industries of Houston with an expiration of August 31, 2018 and two five-year extension options.
(22) | 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, Amazon, 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 Amazon under its lease.
Loan No. 4 – 25 West 45th Street – The 5th Largest Tenant, Cision US Inc., has free rent for the months of February 2014 and March 2014, for which $69,713 was reserved at closing.
Loan No. 7 – One Sun Plaza – The 4th Largest Tenant at the One Sun Plaza Mortgaged Property, RGN-Albuquerque III, LLC, has a free rent period, with respect to 10,779 sq. ft. of space or approximately 4.1% of net rentable area, for the first six months following its lease commencement date, and a rent abatement (pursuant to which the tenant is permitted to pay reduced rent) for its space for an additional twelve months following the free rent period, for which the borrower reserved $264,086 at loan closing.
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Loan No. 10 – Media Park Santa Monica – The 2nd Largest Tenant, Sapient Corporation, has free rent for the months of June 2014, June 2015, June 2016 and June 2018. The 3rd Largest Tenant, HBA International, has free rent for the months of June 2014, June 2015 and June 2016. At closing, $174,829 was reserved for Sapient Corporation’s and HBA International’s free rent for June 2014 and June 2015.
Loan No. 15 – River Falls Shopping Center – The 4th Largest Tenant, Louisville Athletic Club III, LLC, has 13 months of free rent through January 2015, for which $175,414 was reserved at closing.
Loan No. 18 – Decatur Renaissance – The Largest Tenant at the Decatur Renaissance Mortgaged Property, CCP North America, was in a free rent period, with respect to 43,203 sq. ft. of space or approximately 31.1% of net rentable area at the Decatur Renaissance Mortgaged Property from its lease commencement date through December 2011, and from January 2012 through January 2014, the tenant is in a rent abatement period pursuant to which it pays reduced rent. The borrower reserved $156,744 at closing related to this rent abatement period.
Loan No. 35 – Fort Davis Center – The 5th Largest Tenant, KRA, has three months of free rent, for which $23,186 was reserved at closing.
(23) | 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. |
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, Amazon, has signed a lease for 357,481 sq. ft. with a rent commencement date of March 1, 2014. Amazon 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.
Loan No. 7 – One Sun Plaza – The 4th Largest Tenant at the One Sun Plaza Mortgaged Property, RGN-Albuquerque III, LLC, has signed a lease for 10,779 sq. ft. The tenant is expected to take physical occupancy upon completion of certain tenant improvement work.
(24) | All upfront reserve balances reflect the upfront reserve amount at loan origination. The current balance may be less than the amount shown. |
Loan No. 20 – Century Court Apartments – The Century Court Apartments Mortgage Loan was structured with a $1,297,546 earnout reserve. Funds from this reserve will be disbursed to the borrower when and if 50.0% of the then-existing leases have terms of six months or greater.
(25) | 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. 2 – AMC Portfolio Pool I – Beginning on the payment date occurring in January 2017 and on each payment date thereafter, the borrowers will be required to make monthly payments of $8,350 into the replacement reserve, subject to a replacement reserve cap of $320,640.
Loan No. 4 – 25 West 45th Street – On each payment date through April 6, 2014, the borrower is required to deposit $25,808 into the free rent reserve. On each payment date in June and July 2014, the borrower is required to deposit $34,857 into the free rent reserve. No additional monthly deposits are required to the free rent reserve except for $9,975 to be deposited on June 6, 2017.
Loan No. 5 – 1760 Third Avenue – The borrower will be required to deposit on each payment date an amount equal to $13,563 into a capital expenditure account which monthly amount will be required to be increased upon completion of the TI Work by an amount equal to the product obtained by multiplying (i) $12.50 by (ii) the number of beds added to the 1760 Third Avenue Mortgaged Property as a result of the TI Work. After the conversion, the monthly amount will be $13,888 based on 1,111 beds.
Loan No. 6 – 600 Commonwealth – The borrower is required to make monthly deposits of $125,000 into the TI/LC reserve account until the TI/LC account reaches a cap of $3,000,000 (the “Rollover Cap”). If at any time after the Rollover Cap has been reached the TI/LC reserve account drops below the Rollover Cap, the
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borrower is required to make monthly deposits of $31,419 into the TI/LC reserve account for any time thereafter that the TI/LC reserve account balance is less than the Rollover Cap. In the event that the borrower receives a termination notice from the LA County Superior Court, the LA County Department of Mental Health or the LA County Department of Health Services prior to the date on which funds on deposit in the TI/LC reserve first equal or exceed the Rollover Cap, the borrower is required to immediately deliver to the lender cash or an acceptable evergreen letter of credit in an amount equal to the shortfall below the Rollover Cap and failure of the borrower to deliver cash or an acceptable evergreen letter of credit for any portion of the shortfall makes the 600 Commonwealth Mortgage Loan recourse to the sponsor for the outstanding shortfall. There will not be a requirement to deliver cash or post an acceptable evergreen letter of credit if the Rollover Cap has been achieved prior to the time that a termination notice is received by the borrower, provided that if the amount in the TI/LC reserve account is less than the Rollover Cap at such time a Lease Termination Event Period (as defined in the loan documents) will commence and excess cash shall be swept into the TI/LC reserve account until the Rollover Cap is again achieved. In addition, the borrower will not be permitted to reduce the TI/LC reserve account below $1,000,000 until (i) the entirety of the LA County Department of Health Services leased space and the LA County Superior Court leased space has been leased in accordance with the loan agreement, (ii) each lease has a term that expires at least two years beyond the maturity date of the 600 Commonwealth Mortgage Loan, (iii) each tenant takes occupancy of the entire demised space, (iv) all contingencies under such leases and the commencement of rent payments have been satisfied, (v) all leasing commissions have been paid, (vi) all landlord obligations of an inducement nature have been paid and (vii) any initial period of partial rental abatement has been satisfied.
Loan No. 21 - Marriott Hotel & Conference Center Spartanburg – Commencing on March 5, 2014 and on each Payment Date occurring in the months of February, March, April, May, June, August, September, October, November and December thereafter, the borrower will be required deposit an amount equal to $16,500.00 per month into the seasonality reserve. Provided no event of default is then continuing, all funds on deposit in the seasonality reserve will be used exclusively for the purpose of payment of any shortfalls between the revenue received at the Marriott Hotel & Conference Center Spartanburg Mortgaged Property during the interest periods ending with the January and July Payment Date of each year and amounts to be paid and deposited pursuant to the loan agreement.
Loan No. 22 – Hilton Garden Inn Springfield OR – The borrower is required to make monthly deposits of $24,000 into a seasonality reserve on each payment date from June through October, subject to a cap of $120,000.
Loan No. 29 – Residence Inn Baton Rouge – The required monthly replacement deposit will be equal to 1/12 of the greater of (i) 4.0% of prior year’s gross income and (ii) the contractual amount required to be spent on FF&E per the franchise agreement.
Loan No. 33 – TownePlace Suites Boise – The required monthly replacement deposit will be equal to 1/12 of the greater of (i) 4.0% of prior year’s gross income and (ii) the contractual amount required to be spent on FF&E per the franchise agreement.
Loan No. 37 – TownePlace Suites Pocatello – The required monthly replacement deposit will be equal to 1/12 of the greater of (i) 4.0% of prior year’s gross income and (ii) the contractual amount required to be spent on FF&E per the franchise agreement.
Loan No. 42 – Residence Inn San Antonio – The required monthly replacement deposit will be equal to 1/12 of the greater of (i) 4.0% of prior year’s gross income and (ii) the contractual amount required to be spent on FF&E per the franchise agreement.
Loan No. 45 – Siegel Suites Twain – The required monthly replacement deposit will be equal to the greater of (i) 5.0% of prior month’s gross revenues and (ii) $6,975.
Loan No. 46 – Evergreen Plaza - Everett, WA – Commencing 18 months prior to the expiration of the Starbucks lease and through and including six months prior to the expiration of the Starbucks lease, borrower will be required to make monthly payments initially in an amount equal to $2,000 for re-tenanting the space.
Loan No. 47 – Eustis Plaza – The borrower will be required to deposit on each payment date an amount equal to $4,916 into the rollover reserve. In the event that the term of the Big Lots lease is renewed for a renewal term of not less than five years with the same terms and conditions as the Big Lots lease currently
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in effect, then the monthly rollover deposit amount will be reduced to $2,866 until the expiration of the renewal term and the monthly rollover deposit amount will resume to $4,916 thereafter.
(26) | 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 (which amount may be proportionately reduced if any of the Google and Amazon Office Portfolio Mortgaged Properties are sold based on the square footage of space being surrendered, terminated or cancelled) (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. 7 – One Sun Plaza – On January 6, 2023 and on December 6, 2023 in connection with a requirement to fund a special reserve, the borrower has the option of delivering a letter of credit in lieu of cash. See “Annex B—Description of the Top 20 Mortgage Loans—One Sun Plaza” in this Free Writing Prospectus.
Loan No. 10 – Media Park Santa Monica - The borrower may avoid the commencement of a trigger period resulting from a low DSCR by delivering, within two business days of lender’s determination that the DSCR falls below 1.10x, a deposit of cash or an acceptable letter of credit (a “Low DSCR Security Payment”), in the amount of $250,000; provided, that, if a low DSCR trigger period does commence and continues, the amount of the Low DSCR Security Payment will increase by (i) $250,000 if the low debt service period is continuing for two calendar quarters from the first determination, (ii) an additional $250,000 if the low DSCR period is continuing for eight calendar quarters from the first determination, and (iii) an additional $250,000 for each succeeding four calendar quarters.
(27) | Loan No. 11 – Spanish Oaks Apartments – The sponsors and guarantors of the Spanish Oaks Apartments Mortgage Loan are Ramsey Hakim, Dean Nucich, Amr Tannir and The Adaya Family Survivor’s Trust. |
Loan No. 13 – Hillsdale Portfolio – The sponsors and guarantors of the Hillsdale Portfolio Mortgage Loan are Marvin M. Romanek, Peter L. Holstein, Bruce R. Bachmann, Mitchel A. Greenberg and Keith W. Jaffee.
Loan No. 29 – Residence Inn Baton Rouge – The sponsors and guarantors of the Residence Inn Baton Rouge Mortgage Loan are Starwood Distressed Opportunity Fund IX-1 U.S., L.P. and Starwood Distressed Opportunity Fund IX Global, L.P.
Loan No. 33 – TownePlace Suites Boise – The sponsors and guarantors of the TownePlace Suites Boise Mortgage Loan are Starwood Distressed Opportunity Fund IX-1 U.S., L.P. and Starwood Distressed Opportunity Fund IX Global, L.P.
Loan No. 37 – TownePlace Suites Pocatello – The sponsors and guarantors of the TownePlace Suites Pocatello Mortgage Loan are Starwood Distressed Opportunity Fund IX-1 U.S., L.P. and Starwood Distressed Opportunity Fund IX Global, L.P.
Loan No. 42 – Residence Inn San Antonio – The sponsors and guarantors of the Residence Inn San Antonio Mortgage Loan are Starwood Distressed Opportunity Fund IX-1 U.S., L.P. and Starwood Distressed Opportunity Fund IX Global, L.P.
(28) | Loan No. 19 – Klopfer Industrial Portfolio – Each of the borrowers is permitted to incur additional unsecured indebtedness in connection with the withdrawal of a member of such borrower in accordance with the terms of such borrower’s operating agreement. Each of the borrowers is permitted to execute and issue unsecured promissory notes in favor of such withdrawing member equal to value of such member’s membership interest as determined in accordance with such borrower’s operating agreement, which promissory notes are to be paid out of excess cash flow from the applicable Klopfer Industrial Portfolio Mortgaged Property. |
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(29) | Summary of Existing Pari Passu Debt |
Loan No. | Mortgage Loan | Mortgage Loan Cut-off Date Balance | Companion Loan Cut-off Date Balance | Loan Combination Cut-off Date Balance | Loan Combination U/W NCF DSCR | Loan Combination Cut- off Date LTV Ratio | Loan Combination U/W NOI Debt Yield | ||
1 | Google and Amazon Office Portfolio | $110,000,000 | $342,200,000 | $452,200,000 | 1.40x | 66.6% | 9.0% | ||
3 | 625 Madison Avenue | $85,000,000 | $110,000,000 | $195,000,000 | 1.03x | 48.8% | 2.4% | ||
5 | 1760 Third Avenue | $65,000,000 | $75,000,000 | $140,000,000 | 1.67x | 66.4% | 7.9% |
(30) | Mezzanine Loan Summary(1) |
Loan No. | Mortgage Loan | Mortgage Loan Cut-off Date Balance | % of Initial Outstanding Pool Balance | Mezzanine Debt Cut-off Date Balance | Annual Interest Rate on Mezzanine Loan | Mezzanine Loan Maturity Date | Intercreditor Agreement | Total Debt Cut- off Date LTV Ratio | Total Debt U/W NCF DSCR | Total Debt U/W NOI Debt Yield | |||||||||||
1 | Google and Amazon Office Portfolio(2) | $110,000,000 | 10.9% | $67,800,000 | 7.8500% | 1/6/2024 | Yes | 76.6% | 1.15x | 7.8% | |||||||||||
3 | 625 Madison Avenue(3) | $85,000,000 | 8.4% | $195,000,000 | 6.0000% | 6/6/2023 | Yes | 97.5% | 1.03x | 1.2% | |||||||||||
5 | 1760 Third Avenue | $65,000,000 | 6.5% | $20,000,000 | 9.9500% | 2/5/2019 | Yes | 75.8% | 1.28x | 6.9% | |||||||||||
8 | Kingsport Portfolio(4) | $32,660,711 | 3.2% | $3,000,000 | 13.0000% | 1/5/2019 | Yes | 76.7% | 1.48x | 10.2% | |||||||||||
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21 | Marriott Hotel & Conference Center Spartanburg | $14,000,000 | 1.4% | $3,000,000 | 13.5000% | 2/5/2019 | Yes | 78.0% | 1.20x | 12.5% | |||||||||||
(1) | The foregoing table does not include the 840 Westchester Mortgage Loan, with respect to which the sole member of borrower’s sole member obtained a loan from an entity under common control with the borrower and wholly-owned by the guarantors (the “Subordinate Lender”) with a Cut-off Date principal balance of approximately $4.49 million (the “Subordinate Loan”), which is secured by the membership interests in the sole member of borrower. No payments are required under the Subordinate Loan until the obligations under the 840 Westchester Mortgage Loan have been paid in full. In addition, the Subordinate Lender entered into a Subordination and Standstill agreement which, among other things, prohibits the Subordinate Lender from exercising any rights or remedies while the 840 Westchester Mortgage Loan is outstanding. |
(2) | The amortization term for Google and Amazon Office Portfolio is calculated based on the combined amortization schedule for the Google and Amazon Office Portfolio Mortgage Loan and the related mezzanine loan. The amortization and payment schedule can be found in “Annex H – Google and Amazon Office Portfolio Amortization Schedule” in the Free Writing Prospectus. |
(3) | 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. |
(4) | The amortization term for the Kingsport Portfolio Mortgage Loan is based on a planned amortization schedule. The amortization and payment schedule can be found in “Annex I – Amortization Schedule for the Kingsport Portfolio Mortgage Loan” in the Free Writing Prospectus. |
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