FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-193376-02 | ||
COMM 2014-UBS2 |
The depositor has filed a registration statement (including the prospectus) with the SEC (SEC File No. 333-193376) 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., UBS Securities LLC, Cantor Fitzgerald & Co., and KeyBanc Capital Markets Inc., Wells Fargo Securities, LLC, Drexel Hamilton, LLC 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-UBS2 (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-UBS2 | ||||||||||||||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||||||||||||||
% of | Mortgage | Mortgage | Cut-off | General | Detailed | |||||||||||||||||
Property | Initial Pool | # of | Loan | Loan | Original | Date | Maturity | Property | Property | |||||||||||||
Flag | ID | Property Name | Balance | Properties | Originator(1) | Seller(2) | Balance($)(3)(4) | Balance($)(3)(4)(7) | or ARD Balance($)(7) | Type | Type | |||||||||||
Loan | 1 | Google and Amazon Office Portfolio(30)(31) | 9.7% | 2 | GACC | GACC | 120,000,000 | 120,000,000 | 109,278,959 | Office | Suburban | |||||||||||
Property | 1.01 | Technology Corners | 6.3% | 1 | GACC | GACC | 77,307,692 | 77,307,692 | Office | Suburban | ||||||||||||
Property | 1.02 | Moffett Towers Building D | 3.5% | 1 | GACC | GACC | 42,692,308 | 42,692,308 | Office | Suburban | ||||||||||||
Loan | 2 | One Kendall Square(29)(30) | 9.7% | 1 | GACC | GACC | 120,000,000 | 120,000,000 | 108,126,415 | Mixed Use | Office/Lab/Retail | |||||||||||
Loan | 3 | Excelsior Crossings | 7.1% | 1 | GACC | GACC | 88,000,000 | 88,000,000 | 75,820,951 | Office | Suburban | |||||||||||
Loan | 4 | AMC Portfolio Pool II | 7.1% | 3 | GACC | GACC | 87,807,474 | 87,807,474 | 79,134,472 | Manufactured Housing Community | Manufactured Housing Community | |||||||||||
Property | 4.01 | Pine Lakes Ranch | 3.7% | 1 | GACC | GACC | 45,661,981 | 45,661,981 | Manufactured Housing Community | Manufactured Housing Community | ||||||||||||
Property | 4.02 | Countryside Village of Denver | 1.8% | 1 | GACC | GACC | 22,363,373 | 22,363,373 | Manufactured Housing Community | Manufactured Housing Community | ||||||||||||
Property | 4.03 | Countryside Village of Longmont | 1.6% | 1 | GACC | GACC | 19,782,120 | 19,782,120 | Manufactured Housing Community | Manufactured Housing Community | ||||||||||||
Loan | 5 | Omni Royal Orleans | 5.3% | 1 | UBSRES | UBSRES | 65,000,000 | 64,907,463 | 54,021,161 | Hospitality | Full Service | |||||||||||
Loan | 6 | One North State Street | 4.8% | 1 | GACC | GACC | 60,000,000 | 59,907,080 | 48,664,273 | Retail | Anchored | |||||||||||
Loan | 7 | Embassy Suites - Anaheim(31) | 4.0% | 1 | UBSRES | UBSRES | 50,000,000 | 50,000,000 | 50,000,000 | Hospitality | Full Service | |||||||||||
Loan | 8 | Canyon Crossing(31) | 3.6% | 1 | UBSRES | UBSRES | 44,700,000 | 44,700,000 | 40,413,355 | Retail | Anchored | |||||||||||
Loan | 9 | 53 Broadway | 3.0% | 1 | GACC | GACC | 37,000,000 | 37,000,000 | 34,110,396 | Multifamily | Mid Rise | |||||||||||
Loan | 10 | Valley Forge Shopping Center(29) | 2.8% | 1 | GACC | GACC | 35,000,000 | 35,000,000 | 29,337,150 | Retail | Anchored | |||||||||||
Loan | 11 | Tops Markets Grocery Anchored Portfolio | 2.8% | 6 | GACC | GACC | 35,000,000 | 34,948,224 | 32,275,977 | Retail | Anchored | |||||||||||
Property | 11.01 | Youngmann Plaza | 1.0% | 1 | GACC | GACC | 12,570,000 | 12,551,405 | Retail | Anchored | ||||||||||||
Property | 11.02 | Tops Plaza - Tonawanda(29) | 0.6% | 1 | GACC | GACC | 7,370,000 | 7,359,097 | Retail | Anchored | ||||||||||||
Property | 11.03 | Tops Plaza - Elmira(29) | 0.5% | 1 | GACC | GACC | 5,720,000 | 5,711,538 | Retail | Anchored | ||||||||||||
Property | 11.04 | Tops Plaza - Arcade | 0.3% | 1 | GACC | GACC | 3,560,000 | 3,554,734 | Retail | Anchored | ||||||||||||
Property | 11.05 | Tops Plaza - Avon | 0.2% | 1 | GACC | GACC | 2,920,000 | 2,915,680 | Retail | Anchored | ||||||||||||
Property | 11.06 | Tops Plaza - Hamlin | 0.2% | 1 | GACC | GACC | 2,860,000 | 2,855,769 | Retail | Anchored | ||||||||||||
Loan | 12 | Clemson Student Housing(31) | 2.7% | 2 | CCRE | CCRE | 33,500,000 | 33,425,167 | 28,234,653 | Multifamily | Student Housing | |||||||||||
Property | 12.01 | Highpointe | 1.7% | 1 | CCRE | CCRE | 20,511,653 | 20,465,833 | Multifamily | Student Housing | ||||||||||||
Property | 12.02 | The Pier | 1.0% | 1 | CCRE | CCRE | 12,988,347 | 12,959,334 | Multifamily | Student Housing | ||||||||||||
Loan | 13 | FedEx Distribution - Natick(31) | 2.5% | 1 | KeyBank | KeyBank | 31,500,000 | 31,500,000 | 28,331,421 | Industrial | Warehouse/Distribution | |||||||||||
Loan | 14 | 500 Jefferson | 2.5% | 1 | UBSRES | UBSRES | 31,200,000 | 31,200,000 | 31,200,000 | Office | CBD | |||||||||||
Loan | 15 | Creekside Mixed Use Development | 2.0% | 1 | UBSRES | UBSRES | 25,350,000 | 25,265,615 | 21,139,179 | Mixed Use | Office/Retail/Multifamily | |||||||||||
Loan | 16 | Amcor Rigid Plastics | 1.9% | 1 | CCRE | CCRE | 24,100,000 | 24,039,352 | 19,856,410 | Industrial | Warehouse/Distribution | |||||||||||
Loan | 17 | LA Fitness Portfolio | 1.3% | 3 | KeyBank | KeyBank | 16,100,000 | 16,100,000 | 13,424,266 | Retail | Single Tenant | |||||||||||
Property | 17.01 | LA Fitness - Palumbo | 0.5% | 1 | KeyBank | KeyBank | 6,200,000 | 6,200,000 | Retail | Single Tenant | ||||||||||||
Property | 17.02 | LA Fitness - Wellington | 0.4% | 1 | KeyBank | KeyBank | 5,400,000 | 5,400,000 | Retail | Single Tenant | ||||||||||||
Property | 17.03 | LA Fitness - Edge O Lake | 0.4% | 1 | KeyBank | KeyBank | 4,500,000 | 4,500,000 | Retail | Single Tenant | ||||||||||||
Loan | 18 | Sherman Multifamily Portfolio | 1.3% | 3 | UBSRES | UBSRES | 15,500,000 | 15,500,000 | 13,751,513 | Multifamily | Mid Rise | |||||||||||
Property | 18.01 | 5326 South Greenwood Avenue | 0.5% | 1 | UBSRES | UBSRES | 6,393,285 | 6,393,285 | Multifamily | Mid Rise | ||||||||||||
Property | 18.02 | 4850 South Drexel Avenue | 0.4% | 1 | UBSRES | UBSRES | 4,832,134 | 4,832,134 | Multifamily | Mid Rise | ||||||||||||
Property | 18.03 | 5416 South Woodlawn Avenue | 0.3% | 1 | UBSRES | UBSRES | 4,274,581 | 4,274,581 | Multifamily | Mid Rise | ||||||||||||
Loan | 19 | Beltway 8 Corporate Centre I | 1.2% | 1 | GACC | GACC | 15,300,000 | 15,300,000 | 13,540,851 | Office | Suburban | |||||||||||
Loan | 20 | Avnet Building | 1.2% | 1 | UBSRES | UBSRES | 14,800,000 | 14,800,000 | 13,137,103 | Office | Suburban | |||||||||||
Loan | 21 | Garden Hill Apartments Portfolio(28) | 1.1% | 19 | GACC | GACC | 14,000,000 | 14,000,000 | 11,661,361 | Multifamily | Garden | |||||||||||
Loan | 22 | Airline Shopping Center | 1.1% | 1 | KeyBank | KeyBank | 13,200,000 | 13,200,000 | 10,890,242 | Retail | Anchored | |||||||||||
Loan | 23 | Cobblestone Grove | 1.0% | 1 | UBSRES | UBSRES | 12,800,000 | 12,800,000 | 12,800,000 | Multifamily | Garden | |||||||||||
Loan | 24 | Grand Lifestyle MHC Portfolio | 1.0% | 3 | UBSRES | UBSRES | 12,100,000 | 12,100,000 | 10,689,891 | Manufactured Housing Community | Manufactured Housing Community | |||||||||||
Property | 24.01 | Lakeside Village | 0.6% | 1 | UBSRES | UBSRES | 6,996,676 | 6,996,676 | Manufactured Housing Community | Manufactured Housing Community | ||||||||||||
Property | 24.02 | Ridgecrest Resort Community | 0.3% | 1 | UBSRES | UBSRES | 4,003,324 | 4,003,324 | Manufactured Housing Community | Manufactured Housing Community | ||||||||||||
Property | 24.03 | Maple Corner | 0.1% | 1 | UBSRES | UBSRES | 1,100,000 | 1,100,000 | Manufactured Housing Community | Manufactured Housing Community | ||||||||||||
Loan | 25 | 300 East 23rd Street | 1.0% | 1 | UBSRES | UBSRES | 12,000,000 | 12,000,000 | 10,333,326 | Retail | Single Tenant | |||||||||||
Loan | 26 | Hood Commons(29) | 0.9% | 1 | UBSRES | UBSRES | 11,250,000 | 11,203,565 | 10,256,877 | Retail | Anchored | |||||||||||
Loan | 27 | Ramada Rockville Center | 0.9% | 1 | UBSRES | UBSRES | 10,750,000 | 10,714,204 | 8,144,867 | Hospitality | Limited Service | |||||||||||
Loan | 28 | Turnpike Square | 0.8% | 1 | GACC | GACC | 10,500,000 | 10,484,657 | 8,661,181 | Retail | Anchored | |||||||||||
Loan | 29 | The Corner at Westshore Phase II | 0.8% | 1 | GACC | GACC | 10,200,000 | 10,200,000 | 9,209,627 | Retail | Shadow Anchored | |||||||||||
Loan | 30 | Tech Square Parking Garage | 0.8% | 1 | GACC | GACC | 10,150,000 | 10,130,979 | 7,707,070 | Other | Parking Garage | |||||||||||
Loan | 31 | Waynesville Commons(29) | 0.8% | 1 | UBSRES | UBSRES | 10,100,000 | 10,100,000 | 8,907,869 | Retail | Anchored | |||||||||||
Loan | 32 | Hampton Inn Rehoboth Beach | 0.8% | 1 | CCRE | CCRE | 10,000,000 | 10,000,000 | 7,562,111 | Hospitality | Limited Service | |||||||||||
Loan | 33 | Valley Park Commons | 0.8% | 1 | GACC | GACC | 9,850,000 | 9,850,000 | 8,717,476 | Retail | Anchored | |||||||||||
Loan | 34 | Walgreens - Uniondale | 0.7% | 1 | GACC | GACC | 8,638,000 | 8,625,265 | 7,106,842 | Retail | Single Tenant | |||||||||||
Loan | 35 | Willow Creek Shopping Center | 0.7% | 1 | UBSRES | UBSRES | 8,500,000 | 8,487,632 | 7,019,893 | Retail | Anchored | |||||||||||
Loan | 36 | Sturtevant Industrial | 0.7% | 1 | KeyBank | KeyBank | 8,050,000 | 8,038,171 | 6,629,520 | Industrial | Warehouse/Distribution | |||||||||||
Loan | 37 | 950 Haverford | 0.6% | 1 | CCRE | CCRE | 7,900,000 | 7,900,000 | 6,660,578 | Office | Medical | |||||||||||
Loan | 38 | StorQuest-Torrance | 0.6% | 1 | UBSRES | UBSRES | 6,950,000 | 6,932,592 | 5,731,505 | Self Storage | Self Storage | |||||||||||
Loan | 39 | Fountains at Lindenwoods Apartments | 0.5% | 1 | UBSRES | UBSRES | 6,625,000 | 6,625,000 | 5,452,208 | Multifamily | Garden | |||||||||||
Loan | 40 | GRM Arlington | 0.5% | 1 | GACC | GACC | 6,300,000 | 6,288,420 | 5,663,636 | Industrial | Warehouse/Distribution | |||||||||||
Loan | 41 | Summer Lake Estates | 0.5% | 1 | UBSRES | UBSRES | 6,300,000 | 6,283,440 | 5,792,563 | Multifamily | Garden | |||||||||||
Loan | 42 | Santan Gateway | 0.5% | 1 | UBSRES | UBSRES | 6,100,000 | 6,079,107 | 5,062,429 | Retail | Shadow Anchored | |||||||||||
Loan | 43 | Forest Hills Apartments | 0.5% | 1 | KeyBank | KeyBank | 5,800,000 | 5,800,000 | 5,241,760 | Multifamily | Garden | |||||||||||
Loan | 44 | Apache Trace Apartments | 0.5% | 1 | KeyBank | KeyBank | 5,600,000 | 5,600,000 | 4,618,604 | Multifamily | Garden | |||||||||||
Loan | 45 | Rosewood Shopping Center | 0.4% | 1 | GACC | GACC | 5,500,000 | 5,491,927 | 4,530,953 | Retail | Unanchored | |||||||||||
Loan | 46 | Cross Creek Apartments | 0.4% | 1 | UBSRES | UBSRES | 5,356,000 | 5,347,959 | 4,383,564 | Multifamily | Garden | |||||||||||
Loan | 47 | Arlington Farms Apartments | 0.4% | 1 | CCRE | CCRE | 5,000,000 | 4,992,923 | 4,162,386 | Multifamily | Garden | |||||||||||
Loan | 48 | Savers Plaza | 0.4% | 1 | UBSRES | UBSRES | 4,900,000 | 4,888,350 | 4,082,001 | Retail | Unanchored | |||||||||||
Loan | 49 | Aberdeen Pines | 0.4% | 1 | UBSRES | UBSRES | 4,850,000 | 4,850,000 | 4,120,641 | Retail | Anchored | |||||||||||
Loan | 50 | The Venetian Apartments | 0.4% | 1 | CCRE | CCRE | 4,725,000 | 4,718,309 | 3,932,901 | Multifamily | Mid Rise | |||||||||||
Loan | 51 | Novi Industrial Building | 0.4% | 1 | KeyBank | KeyBank | 4,380,000 | 4,365,226 | 3,307,389 | Industrial | Manufacturing |
A-1-1
COMM 2014-UBS2 | ||||||||||||||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||||||||||||||
% of | Mortgage | Mortgage | Cut-off | General | Detailed | |||||||||||||||||
Property | Initial Pool | # of | Loan | Loan | Original | Date | Maturity | Property | Property | |||||||||||||
Flag | ID | Property Name | Balance | Properties | Originator(1) | Seller(2) | Balance($)(3)(4) | Balance($)(3)(4)(7) | or ARD Balance($)(7) | Type | Type | |||||||||||
Loan | 52 | MVP Parking Portfolio | 0.3% | 4 | KeyBank | KeyBank | 4,300,000 | 4,291,534 | 3,821,480 | Other | Various | |||||||||||
Property | 52.01 | MVP Ft. Lauderdale | 0.1% | 1 | KeyBank | KeyBank | 1,550,000 | 1,546,948 | Other | Parking/Office | ||||||||||||
Property | 52.02 | MVP Memphis 212 Poplar | 0.1% | 1 | KeyBank | KeyBank | 1,305,000 | 1,302,431 | Other | Parking | ||||||||||||
Property | 52.03 | MVP St. Louis | 0.1% | 1 | KeyBank | KeyBank | 1,300,000 | 1,297,441 | Other | Parking | ||||||||||||
Property | 52.04 | MVP Memphis 216 Court | 0.0% | 1 | KeyBank | KeyBank | 145,000 | 144,715 | Other | Parking | ||||||||||||
Loan | 53 | Dollar Self Storage | 0.3% | 1 | KeyBank | KeyBank | 3,800,000 | 3,794,639 | 3,166,476 | Self Storage | Self Storage | |||||||||||
Loan | 54 | La Quinta Inn and Suites | 0.3% | 1 | KeyBank | KeyBank | 3,800,000 | 3,793,009 | 2,904,595 | Hospitality | Limited Service | |||||||||||
Loan | 55 | Meadows of Bloomington | 0.3% | 1 | UBSRES | UBSRES | 3,800,000 | 3,786,787 | 3,145,531 | Manufactured Housing Community | Manufactured Housing Community | |||||||||||
Loan | 56 | StorQuest Long Beach | 0.3% | 1 | UBSRES | UBSRES | 3,400,000 | 3,400,000 | 3,010,713 | Self Storage | Self Storage | |||||||||||
Loan | 57 | StorQuest Rancho Cucamonga | 0.3% | 1 | UBSRES | UBSRES | 3,300,000 | 3,291,734 | 2,721,435 | Self Storage | Self Storage | |||||||||||
Loan | 58 | Eaton Pines MHC | 0.2% | 1 | UBSRES | UBSRES | 3,050,000 | 3,039,597 | 2,533,017 | Manufactured Housing Community | Manufactured Housing Community | |||||||||||
Loan | 59 | Park Village | 0.2% | 1 | KeyBank | KeyBank | 2,850,000 | 2,850,000 | 2,355,105 | Retail | Anchored | |||||||||||
A-1-2
COMM 2014-UBS2
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | Interest | Original | Remaining | Original | Remaining | First | ||||||||||||||||||||||
Property | Initial Pool | Interest | Total | Additional | Administrative | Accrual | Term to | Term to | Amortization | Amortization | Payment | Maturity | ||||||||||||||||
Flag | ID | Property Name | Balance | Rate(6) | Strip | Strip | Fee Rate(5) | Basis | Maturity or ARD | Maturity or ARD | Term | Term | Date | or ARD Date(6) | ||||||||||||||
Loan | 1 | Google and Amazon Office Portfolio(30)(31) | 9.7% | 5.0350% | 0.0124% | 0.0000% | 0.0124% | Actual/360 | 120 | 118 | 360 | 360 | 02/06/2014 | 01/06/2024 | ||||||||||||||
Property | 1.01 | Technology Corners | 6.3% | |||||||||||||||||||||||||
Property | 1.02 | Moffett Towers Building D | 3.5% | |||||||||||||||||||||||||
Loan | 2 | One Kendall Square(29)(30) | 9.7% | 4.8200% | 0.0167% | 0.0000% | 0.0167% | Actual/360 | 120 | 119 | 360 | 360 | 03/06/2014 | 02/06/2024 | ||||||||||||||
Loan | 3 | Excelsior Crossings | 7.1% | 4.8350% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 118 | 360 | 360 | 02/01/2014 | 01/01/2024 | ||||||||||||||
Loan | 4 | AMC Portfolio Pool II | 7.1% | 4.9150% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 118 | 360 | 360 | 02/01/2014 | 01/01/2024 | ||||||||||||||
Property | 4.01 | Pine Lakes Ranch | 3.7% | |||||||||||||||||||||||||
Property | 4.02 | Countryside Village of Denver | 1.8% | |||||||||||||||||||||||||
Property | 4.03 | Countryside Village of Longmont | 1.6% | |||||||||||||||||||||||||
Loan | 5 | Omni Royal Orleans | 5.3% | 5.3460% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 119 | 360 | 359 | 03/06/2014 | 02/06/2024 | ||||||||||||||
Loan | 6 | One North State Street | 4.8% | 4.6000% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 119 | 360 | 359 | 03/06/2014 | 02/06/2024 | ||||||||||||||
Loan | 7 | Embassy Suites - Anaheim(31) | 4.0% | 5.4200% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 60 | 59 | 0 | 0 | 03/06/2014 | 02/06/2019 | ||||||||||||||
Loan | 8 | Canyon Crossing(31) | 3.6% | 4.9975% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 117 | 360 | 360 | 01/06/2014 | 12/06/2023 | ||||||||||||||
Loan | 9 | 53 Broadway | 3.0% | 4.9800% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 119 | 360 | 360 | 03/06/2014 | 02/06/2024 | ||||||||||||||
Loan | 10 | Valley Forge Shopping Center(29) | 2.8% | 4.7600% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 119 | 360 | 360 | 03/06/2014 | 02/06/2024 | ||||||||||||||
Loan | 11 | Tops Markets Grocery Anchored Portfolio | 2.8% | 5.0000% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 60 | 59 | 360 | 359 | 03/06/2014 | 02/06/2019 | ||||||||||||||
Property | 11.01 | Youngmann Plaza | 1.0% | |||||||||||||||||||||||||
Property | 11.02 | Tops Plaza - Tonawanda(29) | 0.6% | |||||||||||||||||||||||||
Property | 11.03 | Tops Plaza - Elmira(29) | 0.5% | |||||||||||||||||||||||||
Property | 11.04 | Tops Plaza - Arcade | 0.3% | |||||||||||||||||||||||||
Property | 11.05 | Tops Plaza - Avon | 0.2% | |||||||||||||||||||||||||
Property | 11.06 | Tops Plaza - Hamlin | 0.2% | |||||||||||||||||||||||||
Loan | 12 | Clemson Student Housing(31) | 2.7% | 5.7990% | 0.0343% | 0.0000% | 0.0343% | Actual/360 | 120 | 118 | 360 | 358 | 02/06/2014 | 01/06/2024 | ||||||||||||||
Property | 12.01 | Highpointe | 1.7% | |||||||||||||||||||||||||
Property | 12.02 | The Pier | 1.0% | |||||||||||||||||||||||||
Loan | 13 | FedEx Distribution - Natick(31) | 2.5% | 5.0600% | 0.0193% | 0.0000% | 0.0193% | Actual/360 | 120 | 120 | 360 | 360 | 04/01/2014 | 03/01/2024 | ||||||||||||||
Loan | 14 | 500 Jefferson | 2.5% | 4.9020% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 118 | 0 | 0 | 02/06/2014 | 01/06/2024 | ||||||||||||||
Loan | 15 | Creekside Mixed Use Development | 2.0% | 5.4475% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 117 | 360 | 357 | 01/06/2014 | 12/06/2023 | ||||||||||||||
Loan | 16 | Amcor Rigid Plastics | 1.9% | 5.0715% | 0.0343% | 0.0200% | 0.0143% | Actual/360 | 120 | 118 | 360 | 358 | 02/06/2014 | 01/06/2024 | ||||||||||||||
Loan | 17 | LA Fitness Portfolio | 1.3% | 4.8300% | 0.0193% | 0.0000% | 0.0193% | Actual/360 | 84 | 84 | 300 | 300 | 04/05/2014 | 03/05/2021 | ||||||||||||||
Property | 17.01 | LA Fitness - Palumbo | 0.5% | |||||||||||||||||||||||||
Property | 17.02 | LA Fitness - Wellington | 0.4% | |||||||||||||||||||||||||
Property | 17.03 | LA Fitness - Edge O Lake | 0.4% | |||||||||||||||||||||||||
Loan | 18 | Sherman Multifamily Portfolio | 1.3% | 5.1110% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 118 | 360 | 360 | 02/06/2014 | 01/06/2024 | ||||||||||||||
Property | 18.01 | 5326 South Greenwood Avenue | 0.5% | |||||||||||||||||||||||||
Property | 18.02 | 4850 South Drexel Avenue | 0.4% | |||||||||||||||||||||||||
Property | 18.03 | 5416 South Woodlawn Avenue | 0.3% | |||||||||||||||||||||||||
Loan | 19 | Beltway 8 Corporate Centre I | 1.2% | 5.0000% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 119 | 360 | 360 | 03/06/2014 | 02/06/2024 | ||||||||||||||
Loan | 20 | Avnet Building | 1.2% | 5.1345% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 118 | 360 | 360 | 02/06/2014 | 01/06/2024 | ||||||||||||||
Loan | 21 | Garden Hill Apartments Portfolio(28) | 1.1% | 5.4000% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 120 | 360 | 360 | 04/06/2014 | 03/06/2024 | ||||||||||||||
Loan | 22 | Airline Shopping Center | 1.1% | 5.1000% | 0.0193% | 0.0000% | 0.0193% | Actual/360 | 120 | 120 | 360 | 360 | 04/01/2014 | 03/01/2024 | ||||||||||||||
Loan | 23 | Cobblestone Grove | 1.0% | 4.9050% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 119 | 0 | 0 | 03/06/2014 | 02/06/2024 | ||||||||||||||
Loan | 24 | Grand Lifestyle MHC Portfolio | 1.0% | 4.9040% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 120 | 360 | 360 | 04/06/2014 | 03/06/2024 | ||||||||||||||
Property | 24.01 | Lakeside Village | 0.6% | |||||||||||||||||||||||||
Property | 24.02 | Ridgecrest Resort Community | 0.3% | |||||||||||||||||||||||||
Property | 24.03 | Maple Corner | 0.1% | |||||||||||||||||||||||||
Loan | 25 | 300 East 23rd Street | 1.0% | 4.8150% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 119 | 360 | 360 | 03/06/2014 | 02/06/2024 | ||||||||||||||
Loan | 26 | Hood Commons(29) | 0.9% | 4.2750% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 60 | 57 | 360 | 357 | 01/06/2014 | 12/06/2018 | ||||||||||||||
Loan | 27 | Ramada Rockville Center | 0.9% | 5.3750% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 118 | 300 | 298 | 02/06/2014 | 01/06/2024 | ||||||||||||||
Loan | 28 | Turnpike Square | 0.8% | 5.1100% | 0.0443% | 0.0000% | 0.0443% | Actual/360 | 120 | 119 | 360 | 359 | 03/06/2014 | 02/06/2024 | ||||||||||||||
Loan | 29 | The Corner at Westshore Phase II | 0.8% | 4.9300% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 119 | 360 | 360 | 03/06/2014 | 02/06/2024 | ||||||||||||||
Loan | 30 | Tech Square Parking Garage | 0.8% | 5.4400% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 119 | 300 | 299 | 03/06/2014 | 02/06/2024 | ||||||||||||||
Loan | 31 | Waynesville Commons(29) | 0.8% | 4.8425% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 119 | 360 | 360 | 03/06/2014 | 02/06/2024 | ||||||||||||||
Loan | 32 | Hampton Inn Rehoboth Beach | 0.8% | 5.3070% | 0.0343% | 0.0200% | 0.0143% | Actual/360 | 120 | 120 | 300 | 300 | 04/06/2014 | 03/06/2024 | ||||||||||||||
Loan | 33 | Valley Park Commons | 0.8% | 5.0000% | 0.0643% | 0.0000% | 0.0643% | Actual/360 | 120 | 119 | 360 | 360 | 03/06/2014 | 02/06/2024 | ||||||||||||||
Loan | 34 | Walgreens - Uniondale | 0.7% | 5.0300% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 119 | 360 | 359 | 03/06/2014 | 02/06/2024 | ||||||||||||||
Loan | 35 | Willow Creek Shopping Center | 0.7% | 5.1475% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 119 | 360 | 359 | 03/06/2014 | 02/06/2024 | ||||||||||||||
Loan | 36 | Sturtevant Industrial | 0.7% | 5.0600% | 0.0193% | 0.0000% | 0.0193% | Actual/360 | 120 | 119 | 360 | 359 | 03/01/2014 | 02/01/2024 | ||||||||||||||
Loan | 37 | 950 Haverford | 0.6% | 4.9590% | 0.0343% | 0.0200% | 0.0143% | Actual/360 | 120 | 119 | 360 | 360 | 03/06/2014 | 02/06/2024 | ||||||||||||||
Loan | 38 | StorQuest-Torrance | 0.6% | 5.1000% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 118 | 360 | 358 | 02/06/2014 | 01/06/2024 | ||||||||||||||
Loan | 39 | Fountains at Lindenwoods Apartments | 0.5% | 5.6300% | 0.0153% | 0.0000% | 0.0153% | Actual/360 | 120 | 118 | 300 | 300 | 02/06/2014 | 01/06/2024 | ||||||||||||||
Loan | 40 | GRM Arlington | 0.5% | 5.6400% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 60 | 59 | 300 | 299 | 03/06/2014 | 02/06/2019 | ||||||||||||||
Loan | 41 | Summer Lake Estates | 0.5% | 4.8050% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 60 | 58 | 360 | 358 | 02/06/2014 | 01/06/2019 | ||||||||||||||
Loan | 42 | Santan Gateway | 0.5% | 5.2950% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 117 | 360 | 357 | 01/06/2014 | 12/06/2023 | ||||||||||||||
Loan | 43 | Forest Hills Apartments | 0.5% | 4.9700% | 0.0193% | 0.0000% | 0.0193% | Actual/360 | 84 | 82 | 360 | 360 | 02/01/2014 | 01/01/2021 | ||||||||||||||
Loan | 44 | Apache Trace Apartments | 0.5% | 5.0900% | 0.0193% | 0.0000% | 0.0193% | Actual/360 | 120 | 120 | 360 | 360 | 04/01/2014 | 03/01/2024 | ||||||||||||||
Loan | 45 | Rosewood Shopping Center | 0.4% | 5.0700% | 0.0543% | 0.0000% | 0.0543% | Actual/360 | 120 | 119 | 360 | 359 | 03/06/2014 | 02/06/2024 | ||||||||||||||
Loan | 46 | Cross Creek Apartments | 0.4% | 4.8700% | 0.0153% | 0.0000% | 0.0153% | Actual/360 | 120 | 119 | 360 | 359 | 03/06/2014 | 02/06/2024 | ||||||||||||||
Loan | 47 | Arlington Farms Apartments | 0.4% | 5.3990% | 0.0343% | 0.0200% | 0.0143% | Actual/360 | 120 | 119 | 360 | 359 | 03/06/2014 | 02/06/2024 | ||||||||||||||
Loan | 48 | Savers Plaza | 0.4% | 5.4185% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 118 | 360 | 358 | 02/06/2014 | 01/06/2024 | ||||||||||||||
Loan | 49 | Aberdeen Pines | 0.4% | 5.2225% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 117 | 360 | 360 | 01/06/2014 | 12/06/2023 | ||||||||||||||
Loan | 50 | The Venetian Apartments | 0.4% | 5.3945% | 0.0343% | 0.0200% | 0.0143% | Actual/360 | 120 | 119 | 360 | 359 | 03/06/2014 | 02/06/2024 | ||||||||||||||
Loan | 51 | Novi Industrial Building | 0.4% | 5.2800% | 0.0193% | 0.0000% | 0.0193% | Actual/360 | 120 | 118 | 300 | 298 | 02/01/2014 | 01/01/2024 |
A-1-3
COMM 2014-UBS2
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | Interest | Original | Remaining | Original | Remaining | First | ||||||||||||||||||||||
Property | Initial Pool | Interest | Total | Additional | Administrative | Accrual | Term to | Term to | Amortization | Amortization | Payment | Maturity | ||||||||||||||||
Flag | ID | Property Name | Balance | Rate(6) | Strip | Strip | Fee Rate(5) | Basis | Maturity or ARD | Maturity or ARD | Term | Term | Date | or ARD Date(6) | ||||||||||||||
Loan | 52 | MVP Parking Portfolio | 0.3% | 4.9400% | 0.0193% | 0.0000% | 0.0193% | Actual/360 | 60 | 59 | 300 | 299 | 03/01/2014 | 02/01/2019 | ||||||||||||||
Property | 52.01 | MVP Ft. Lauderdale | 0.1% | |||||||||||||||||||||||||
Property | 52.02 | MVP Memphis 212 Poplar | 0.1% | |||||||||||||||||||||||||
Property | 52.03 | MVP St. Louis | 0.1% | |||||||||||||||||||||||||
Property | 52.04 | MVP Memphis 216 Court | 0.0% | |||||||||||||||||||||||||
Loan | 53 | Dollar Self Storage | 0.3% | 5.4300% | 0.0193% | 0.0000% | 0.0193% | Actual/360 | 120 | 119 | 360 | 359 | 03/01/2014 | 02/01/2024 | ||||||||||||||
Loan | 54 | La Quinta Inn and Suites | 0.3% | 5.6300% | 0.0193% | 0.0000% | 0.0193% | Actual/360 | 120 | 119 | 300 | 299 | 03/01/2014 | 02/01/2024 | ||||||||||||||
Loan | 55 | Meadows of Bloomington | 0.3% | 5.2140% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 117 | 360 | 357 | 01/06/2014 | 12/06/2023 | ||||||||||||||
Loan | 56 | StorQuest Long Beach | 0.3% | 5.0250% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 119 | 360 | 360 | 03/06/2014 | 02/06/2024 | ||||||||||||||
Loan | 57 | StorQuest Rancho Cucamonga | 0.3% | 5.1000% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 118 | 360 | 358 | 02/06/2014 | 01/06/2024 | ||||||||||||||
Loan | 58 | Eaton Pines MHC | 0.2% | 5.3175% | 0.0143% | 0.0000% | 0.0143% | Actual/360 | 120 | 117 | 360 | 357 | 01/06/2014 | 12/06/2023 | ||||||||||||||
Loan | 59 | Park Village | 0.2% | 5.1500% | 0.0193% | 0.0000% | 0.0193% | Actual/360 | 120 | 120 | 360 | 360 | 04/01/2014 | 03/01/2024 | ||||||||||||||
A-1-4
COMM 2014-UBS2
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Pari Passu | Pari Passu | ||||||||||||||||||||||||||
% of | Monthly | Annual | Companion Loan | Companion Loan | Remaining | Crossed | |||||||||||||||||||||
Property | Initial Pool | ARD Loan | Final | Debt | Debt | Monthly Debt | Annual Debt | Interest Only | Cash | With | |||||||||||||||||
Flag | ID | Property Name | Balance | (Yes/No) | Maturity Date | Service($)(7)(8) | Service($)(7)(8) | Service($)(7)(8) | Service($)(7)(8) | Period | Lockbox(9) | Management(10) | Other Loans | ||||||||||||||
Loan | 1 | Google and Amazon Office Portfolio(30)(31) | 9.7% | No | 01/06/2024 | 636,997 | 7,643,968 | 1,763,421 | 21,161,052 | 46 | Hard | In Place | No | ||||||||||||||
Property | 1.01 | Technology Corners | 6.3% | ||||||||||||||||||||||||
Property | 1.02 | Moffett Towers Building D | 3.5% | ||||||||||||||||||||||||
Loan | 2 | One Kendall Square(29)(30) | 9.7% | No | 02/06/2024 | 631,050 | 7,572,599 | 436,476 | 5,237,714 | 47 | Hard | In Place | No | ||||||||||||||
Loan | 3 | Excelsior Crossings | 7.1% | No | 01/01/2024 | 463,569 | 5,562,828 | 22 | Hard | In Place | No | ||||||||||||||||
Loan | 4 | AMC Portfolio Pool II | 7.1% | No | 01/01/2024 | 466,819 | 5,601,823 | 45 | Springing Soft | Springing | No | ||||||||||||||||
Property | 4.01 | Pine Lakes Ranch | 3.7% | ||||||||||||||||||||||||
Property | 4.02 | Countryside Village of Denver | 1.8% | ||||||||||||||||||||||||
Property | 4.03 | Countryside Village of Longmont | 1.6% | ||||||||||||||||||||||||
Loan | 5 | Omni Royal Orleans | 5.3% | No | 02/06/2024 | 362,807 | 4,353,684 | Soft Springing Hard | In Place | No | |||||||||||||||||
Loan | 6 | One North State Street | 4.8% | No | 02/06/2024 | 307,587 | 3,691,039 | Hard | Springing | No | |||||||||||||||||
Loan | 7 | Embassy Suites - Anaheim(31) | 4.0% | No | 02/06/2019 | 228,970 | 2,747,639 | 59 | Hard | Springing | No | ||||||||||||||||
Loan | 8 | Canyon Crossing(31) | 3.6% | No | 12/06/2023 | 239,891 | 2,878,692 | 45 | Hard | Springing | No | ||||||||||||||||
Loan | 9 | 53 Broadway | 3.0% | No | 02/06/2024 | 198,172 | 2,378,064 | 59 | Soft | Springing | No | ||||||||||||||||
Loan | 10 | Valley Forge Shopping Center(29) | 2.8% | No | 02/06/2024 | 182,788 | 2,193,451 | 11 | Hard | In Place | No | ||||||||||||||||
Loan | 11 | Tops Markets Grocery Anchored Portfolio | 2.8% | No | 02/06/2019 | 187,888 | 2,254,651 | Hard | In Place | No | |||||||||||||||||
Property | 11.01 | Youngmann Plaza | 1.0% | ||||||||||||||||||||||||
Property | 11.02 | Tops Plaza - Tonawanda(29) | 0.6% | ||||||||||||||||||||||||
Property | 11.03 | Tops Plaza - Elmira(29) | 0.5% | ||||||||||||||||||||||||
Property | 11.04 | Tops Plaza - Arcade | 0.3% | ||||||||||||||||||||||||
Property | 11.05 | Tops Plaza - Avon | 0.2% | ||||||||||||||||||||||||
Property | 11.06 | Tops Plaza - Hamlin | 0.2% | ||||||||||||||||||||||||
Loan | 12 | Clemson Student Housing(31) | 2.7% | No | 01/06/2024 | 196,541 | 2,358,491 | Soft | In Place | No | |||||||||||||||||
Property | 12.01 | Highpointe | 1.7% | ||||||||||||||||||||||||
Property | 12.02 | The Pier | 1.0% | ||||||||||||||||||||||||
Loan | 13 | FedEx Distribution - Natick(31) | 2.5% | No | 03/01/2024 | 167,074 | 2,004,892 | 36 | Hard | In Place | No | ||||||||||||||||
Loan | 14 | 500 Jefferson | 2.5% | Yes | 03/06/2026 | 129,222 | 1,550,666 | 118 | Hard | In Place | No | ||||||||||||||||
Loan | 15 | Creekside Mixed Use Development | 2.0% | No | 12/06/2023 | 143,101 | 1,717,207 | Hard | Springing | No | |||||||||||||||||
Loan | 16 | Amcor Rigid Plastics | 1.9% | No | 01/06/2024 | 130,429 | 1,565,150 | Hard | In Place | No | |||||||||||||||||
Loan | 17 | LA Fitness Portfolio | 1.3% | No | 03/05/2021 | 92,531 | 1,110,375 | Soft Springing Hard | In Place | No | |||||||||||||||||
Property | 17.01 | LA Fitness - Palumbo | 0.5% | ||||||||||||||||||||||||
Property | 17.02 | LA Fitness - Wellington | 0.4% | ||||||||||||||||||||||||
Property | 17.03 | LA Fitness - Edge O Lake | 0.4% | ||||||||||||||||||||||||
Loan | 18 | Sherman Multifamily Portfolio | 1.3% | No | 01/06/2024 | 84,262 | 1,011,144 | 34 | Springing Soft | Springing | No | ||||||||||||||||
Property | 18.01 | 5326 South Greenwood Avenue | 0.5% | ||||||||||||||||||||||||
Property | 18.02 | 4850 South Drexel Avenue | 0.4% | ||||||||||||||||||||||||
Property | 18.03 | 5416 South Woodlawn Avenue | 0.3% | ||||||||||||||||||||||||
Loan | 19 | Beltway 8 Corporate Centre I | 1.2% | No | 02/06/2024 | 82,134 | 985,605 | 35 | Hard | Springing | No | ||||||||||||||||
Loan | 20 | Avnet Building | 1.2% | No | 01/06/2024 | 80,671 | 968,047 | 34 | Springing Hard | Springing | No | ||||||||||||||||
Loan | 21 | Garden Hill Apartments Portfolio(28) | 1.1% | No | 03/06/2024 | 78,614 | 943,372 | Springing Soft | Springing | No | |||||||||||||||||
Loan | 22 | Airline Shopping Center | 1.1% | No | 03/01/2024 | 71,669 | 860,032 | Springing Hard | Springing | No | |||||||||||||||||
Loan | 23 | Cobblestone Grove | 1.0% | No | 02/06/2024 | 53,047 | 636,560 | 119 | Springing Hard | Springing | No | ||||||||||||||||
Loan | 24 | Grand Lifestyle MHC Portfolio | 1.0% | No | 03/06/2024 | 64,247 | 770,968 | 36 | Springing Hard | Springing | No | ||||||||||||||||
Property | 24.01 | Lakeside Village | 0.6% | ||||||||||||||||||||||||
Property | 24.02 | Ridgecrest Resort Community | 0.3% | ||||||||||||||||||||||||
Property | 24.03 | Maple Corner | 0.1% | ||||||||||||||||||||||||
Loan | 25 | 300 East 23rd Street | 1.0% | No | 02/06/2024 | 63,069 | 756,824 | 23 | Hard | Springing | No | ||||||||||||||||
Loan | 26 | Hood Commons(29) | 0.9% | No | 12/06/2018 | 55,508 | 666,096 | Hard | Springing | No | |||||||||||||||||
Loan | 27 | Ramada Rockville Center | 0.9% | No | 01/06/2024 | 65,214 | 782,572 | Hard | Springing | No | |||||||||||||||||
Loan | 28 | Turnpike Square | 0.8% | No | 02/06/2024 | 57,074 | 684,891 | Springing Hard | Springing | No | |||||||||||||||||
Loan | 29 | The Corner at Westshore Phase II | 0.8% | No | 02/06/2024 | 54,320 | 651,843 | 47 | Hard | In Place | No | ||||||||||||||||
Loan | 30 | Tech Square Parking Garage | 0.8% | No | 02/06/2024 | 61,967 | 743,601 | Hard | In Place | No | |||||||||||||||||
Loan | 31 | Waynesville Commons(29) | 0.8% | No | 02/06/2024 | 53,251 | 639,012 | 35 | Hard | Springing | No | ||||||||||||||||
Loan | 32 | Hampton Inn Rehoboth Beach | 0.8% | No | 03/06/2024 | 60,262 | 723,138 | Hard | In Place | No | |||||||||||||||||
Loan | 33 | Valley Park Commons | 0.8% | No | 02/06/2024 | 52,877 | 634,523 | 35 | Springing Hard | Springing | No | ||||||||||||||||
Loan | 34 | Walgreens - Uniondale | 0.7% | No | 02/06/2024 | 46,529 | 558,350 | Hard | In Place | No | |||||||||||||||||
Loan | 35 | Willow Creek Shopping Center | 0.7% | No | 02/06/2024 | 46,399 | 556,790 | Springing Hard | Springing | No | |||||||||||||||||
Loan | 36 | Sturtevant Industrial | 0.7% | No | 02/01/2024 | 43,510 | 522,118 | Hard | Springing | No | |||||||||||||||||
Loan | 37 | 950 Haverford | 0.6% | No | 02/06/2024 | 42,211 | 506,534 | 11 | Soft Springing Hard | Springing | No | ||||||||||||||||
Loan | 38 | StorQuest-Torrance | 0.6% | No | 01/06/2024 | 37,735 | 452,820 | Springing Hard | Springing | No | |||||||||||||||||
Loan | 39 | Fountains at Lindenwoods Apartments | 0.5% | No | 01/06/2024 | 41,199 | 494,391 | 22 | Springing Soft | Springing | No | ||||||||||||||||
Loan | 40 | GRM Arlington | 0.5% | No | 02/06/2019 | 39,216 | 470,592 | Hard | In Place | No | |||||||||||||||||
Loan | 41 | Summer Lake Estates | 0.5% | No | 01/06/2019 | 33,073 | 396,876 | Springing Hard | Springing | No | |||||||||||||||||
Loan | 42 | Santan Gateway | 0.5% | No | 12/06/2023 | 33,855 | 406,256 | Hard | Springing | No | |||||||||||||||||
Loan | 43 | Forest Hills Apartments | 0.5% | No | 01/01/2021 | 31,029 | 372,353 | 10 | Springing Soft | Springing | No | ||||||||||||||||
Loan | 44 | Apache Trace Apartments | 0.5% | No | 03/01/2024 | 30,371 | 364,449 | Springing Soft | Springing | No | |||||||||||||||||
Loan | 45 | Rosewood Shopping Center | 0.4% | No | 02/06/2024 | 29,761 | 357,131 | Hard | Springing | No | |||||||||||||||||
Loan | 46 | Cross Creek Apartments | 0.4% | No | 02/06/2024 | 28,328 | 339,938 | Springing Soft | Springing | No | |||||||||||||||||
Loan | 47 | Arlington Farms Apartments | 0.4% | No | 02/06/2024 | 28,073 | 336,881 | Springing Soft | Springing | No | |||||||||||||||||
Loan | 48 | Savers Plaza | 0.4% | No | 01/06/2024 | 27,572 | 330,859 | Hard | Springing | No | |||||||||||||||||
Loan | 49 | Aberdeen Pines | 0.4% | No | 12/06/2023 | 26,699 | 320,392 | 9 | Hard | Springing | No | ||||||||||||||||
Loan | 50 | The Venetian Apartments | 0.4% | No | 02/06/2024 | 26,516 | 318,193 | Soft | Springing | No | |||||||||||||||||
Loan | 51 | Novi Industrial Building | 0.4% | No | 01/01/2024 | 26,325 | 315,896 | Hard | Springing | No |
A-1-5
COMM 2014-UBS2
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Pari Passu | Pari Passu | ||||||||||||||||||||||||||
% of | Monthly | Annual | Companion Loan | Companion Loan | Remaining | Crossed | |||||||||||||||||||||
Property | Initial Pool | ARD Loan | Final | Debt | Debt | Monthly Debt | Annual Debt | Interest Only | Cash | With | |||||||||||||||||
Flag | ID | Property Name | Balance | (Yes/No) | Maturity Date | Service($)(7)(8) | Service($)(7)(8) | Service($)(7)(8) | Service($)(7)(8) | Period | Lockbox(9) | Management(10) | Other Loans | ||||||||||||||
Loan | 52 | MVP Parking Portfolio | 0.3% | No | 02/01/2019 | 24,987 | 299,847 | Springing Hard | Springing | No | |||||||||||||||||
Property | 52.01 | MVP Ft. Lauderdale | 0.1% | ||||||||||||||||||||||||
Property | 52.02 | MVP Memphis 212 Poplar | 0.1% | ||||||||||||||||||||||||
Property | 52.03 | MVP St. Louis | 0.1% | ||||||||||||||||||||||||
Property | 52.04 | MVP Memphis 216 Court | 0.0% | ||||||||||||||||||||||||
Loan | 53 | Dollar Self Storage | 0.3% | No | 02/01/2024 | 21,409 | 256,913 | None | None | No | |||||||||||||||||
Loan | 54 | La Quinta Inn and Suites | 0.3% | No | 02/01/2024 | 23,631 | 283,575 | Hard | In Place | No | |||||||||||||||||
Loan | 55 | Meadows of Bloomington | 0.3% | No | 12/06/2023 | 20,899 | 250,789 | Hard | Springing | No | |||||||||||||||||
Loan | 56 | StorQuest Long Beach | 0.3% | No | 02/06/2024 | 18,304 | 219,647 | 35 | Springing Hard | Springing | No | ||||||||||||||||
Loan | 57 | StorQuest Rancho Cucamonga | 0.3% | No | 01/06/2024 | 17,917 | 215,008 | Springing Hard | Springing | No | |||||||||||||||||
Loan | 58 | Eaton Pines MHC | 0.2% | No | 12/06/2023 | 16,970 | 203,639 | Hard | Springing | No | |||||||||||||||||
Loan | 59 | Park Village | 0.2% | No | 03/01/2024 | 15,562 | 186,741 | Springing Hard | Springing | No | |||||||||||||||||
A-1-6
COMM 2014-UBS2
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | FIRREA | Cut-Off | ||||||||||||||||||||||||
Property | Initial Pool | Related | Underwritten | Underwritten | Grace | Payment | Appraised | Appraisal | Compliant | Date LTV | LTV Ratio at | |||||||||||||||
Flag | ID | Property Name | Balance | Borrower | NOI DSCR(7)(8)(11) | NCF DSCR(7)(8)(11) | Period(12) | Date | Value ($)(13) | As-of Date(13) | (Yes/No) | Ratio(11)(13) | Maturity or ARD(11)(13) | |||||||||||||
Loan | 1 | Google and Amazon Office Portfolio(30)(31) | 9.7% | 1.41x | 1.40x | 0 | 6 | 679,000,000 | 12/02/2013 | Yes | 66.6% | 60.6% | ||||||||||||||
Property | 1.01 | Technology Corners | 6.3% | 438,000,000 | 12/02/2013 | Yes | ||||||||||||||||||||
Property | 1.02 | Moffett Towers Building D | 3.5% | 241,000,000 | 12/02/2013 | Yes | ||||||||||||||||||||
Loan | 2 | One Kendall Square(29)(30) | 9.7% | 1.46x | 1.34x | 0 | 6 | 325,600,000 | 12/09/2013 | Yes | 62.3% | 56.2% | ||||||||||||||
Loan | 3 | Excelsior Crossings | 7.1% | 1.64x | 1.58x | 5 | 1 | 141,000,000 | 12/03/2013 | Yes | 62.4% | 53.8% | ||||||||||||||
Loan | 4 | AMC Portfolio Pool II | 7.1% | 1.27x | 1.26x | 5 | 1 | 117,360,000 | 12/02/2013 | Yes | 74.8% | 67.4% | ||||||||||||||
Property | 4.01 | Pine Lakes Ranch | 3.7% | 61,030,000 | 12/02/2013 | Yes | ||||||||||||||||||||
Property | 4.02 | Countryside Village of Denver | 1.8% | 29,890,000 | 12/02/2013 | Yes | ||||||||||||||||||||
Property | 4.03 | Countryside Village of Longmont | 1.6% | 26,440,000 | 12/02/2013 | Yes | ||||||||||||||||||||
Loan | 5 | Omni Royal Orleans | 5.3% | 2.03x | 1.76x | 0 | 6 | 110,000,000 | 11/13/2013 | Yes | 59.0% | 49.1% | ||||||||||||||
Loan | 6 | One North State Street | 4.8% | 1.38x | 1.33x | 0 | 6 | 100,950,000 | 12/02/2013 | Yes | 59.3% | 48.2% | ||||||||||||||
Loan | 7 | Embassy Suites - Anaheim(31) | 4.0% | 2.19x | 1.85x | 0 | 6 | 75,600,000 | 11/25/2013 | Yes | 66.1% | 66.1% | ||||||||||||||
Loan | 8 | Canyon Crossing(31) | 3.6% | 1.45x | 1.36x | 0 | 6 | 62,945,000 | 10/07/2013 | Yes | 71.0% | 64.2% | ||||||||||||||
Loan | 9 | 53 Broadway | 3.0% | 1.23x | 1.22x | 0 | 6 | 59,300,000 | 12/12/2013 | Yes | 62.4% | 57.5% | ||||||||||||||
Loan | 10 | Valley Forge Shopping Center(29) | 2.8% | 1.38x | 1.33x | 0 | 6 | 48,700,000 | 01/02/2014 | Yes | 71.9% | 60.2% | ||||||||||||||
Loan | 11 | Tops Markets Grocery Anchored Portfolio | 2.8% | 1.88x | 1.72x | 0 | 6 | 55,100,000 | Various | Yes | 63.4% | 58.6% | ||||||||||||||
Property | 11.01 | Youngmann Plaza | 1.0% | 19,800,000 | 07/02/2013 | Yes | ||||||||||||||||||||
Property | 11.02 | Tops Plaza - Tonawanda(29) | 0.6% | 11,600,000 | 07/02/2013 | Yes | ||||||||||||||||||||
Property | 11.03 | Tops Plaza - Elmira(29) | 0.5% | 9,000,000 | 07/27/2013 | Yes | ||||||||||||||||||||
Property | 11.04 | Tops Plaza - Arcade | 0.3% | 5,600,000 | 07/27/2013 | Yes | ||||||||||||||||||||
Property | 11.05 | Tops Plaza - Avon | 0.2% | 4,600,000 | 07/27/2013 | Yes | ||||||||||||||||||||
Property | 11.06 | Tops Plaza - Hamlin | 0.2% | 4,500,000 | 07/27/2013 | Yes | ||||||||||||||||||||
Loan | 12 | Clemson Student Housing(31) | 2.7% | 1.30x | 1.27x | 0 | 6 | 47,200,000 | 08/13/2013 | Yes | 70.8% | 59.8% | ||||||||||||||
Property | 12.01 | Highpointe | 1.7% | 28,900,000 | 08/13/2013 | Yes | ||||||||||||||||||||
Property | 12.02 | The Pier | 1.0% | 18,300,000 | 08/13/2013 | Yes | ||||||||||||||||||||
Loan | 13 | FedEx Distribution - Natick(31) | 2.5% | 1.32x | 1.31x | 0 | 1 | 46,900,000 | 01/23/2014 | Yes | 67.2% | 60.4% | ||||||||||||||
Loan | 14 | 500 Jefferson | 2.5% | Yes - A | 2.39x | 2.28x | 0 | 6 | 45,700,000 | 11/25/2013 | Yes | 68.3% | 68.3% | |||||||||||||
Loan | 15 | Creekside Mixed Use Development | 2.0% | 1.50x | 1.42x | 0 | 6 | 33,800,000 | 04/18/2014 | Yes | 74.8% | 62.5% | ||||||||||||||
Loan | 16 | Amcor Rigid Plastics | 1.9% | 1.59x | 1.54x | 0 | 6 | 37,000,000 | 12/17/2013 | Yes | 65.0% | 53.7% | ||||||||||||||
Loan | 17 | LA Fitness Portfolio | 1.3% | 1.78x | 1.59x | 1 | 5 | 26,750,000 | Various | Yes | 60.2% | 50.2% | ||||||||||||||
Property | 17.01 | LA Fitness - Palumbo | 0.5% | 10,200,000 | 12/04/2013 | Yes | ||||||||||||||||||||
Property | 17.02 | LA Fitness - Wellington | 0.4% | 8,900,000 | 12/04/2013 | Yes | ||||||||||||||||||||
Property | 17.03 | LA Fitness - Edge O Lake | 0.4% | 7,650,000 | 12/06/2013 | Yes | ||||||||||||||||||||
Loan | 18 | Sherman Multifamily Portfolio | 1.3% | 1.26x | 1.23x | 0 | 6 | 20,850,000 | 10/21/2013 | Yes | 74.3% | 66.0% | ||||||||||||||
Property | 18.01 | 5326 South Greenwood Avenue | 0.5% | 8,600,000 | 10/21/2013 | Yes | ||||||||||||||||||||
Property | 18.02 | 4850 South Drexel Avenue | 0.4% | 6,500,000 | 10/21/2013 | Yes | ||||||||||||||||||||
Property | 18.03 | 5416 South Woodlawn Avenue | 0.3% | 5,750,000 | 10/21/2013 | Yes | ||||||||||||||||||||
Loan | 19 | Beltway 8 Corporate Centre I | 1.2% | 1.62x | 1.44x | 0 | 6 | 21,650,000 | 01/01/2014 | Yes | 70.7% | 62.5% | ||||||||||||||
Loan | 20 | Avnet Building | 1.2% | Yes - A | 1.61x | 1.52x | 0 | 6 | 22,600,000 | 12/13/2013 | Yes | 65.5% | 58.1% | |||||||||||||
Loan | 21 | Garden Hill Apartments Portfolio(28) | 1.1% | 1.53x | 1.29x | 0 | 6 | 20,600,000 | 11/14/2013 | Yes | 68.0% | 56.6% | ||||||||||||||
Loan | 22 | Airline Shopping Center | 1.1% | Yes - B | 1.54x | 1.42x | 5 | 1 | 17,800,000 | 01/07/2014 | Yes | 74.2% | 61.2% | |||||||||||||
Loan | 23 | Cobblestone Grove | 1.0% | 2.47x | 2.33x | 0 | 6 | 19,200,000 | 11/26/2013 | Yes | 66.7% | 66.7% | ||||||||||||||
Loan | 24 | Grand Lifestyle MHC Portfolio | 1.0% | 1.55x | 1.51x | 0 | 6 | 16,860,000 | Various | Yes | 71.8% | 63.4% | ||||||||||||||
Property | 24.01 | Lakeside Village | 0.6% | 9,610,000 | 12/17/2013 | Yes | ||||||||||||||||||||
Property | 24.02 | Ridgecrest Resort Community | 0.3% | 5,500,000 | 12/17/2013 | Yes | ||||||||||||||||||||
Property | 24.03 | Maple Corner | 0.1% | 1,750,000 | 12/13/2013 | Yes | ||||||||||||||||||||
Loan | 25 | 300 East 23rd Street | 1.0% | 1.30x | 1.28x | 0 | 6 | 16,600,000 | 10/29/2013 | Yes | 72.3% | 62.2% | ||||||||||||||
Loan | 26 | Hood Commons(29) | 0.9% | 2.29x | 1.93x | 0 | 6 | 16,500,000 | 08/29/2013 | Yes | 67.9% | 62.2% | ||||||||||||||
Loan | 27 | Ramada Rockville Center | 0.9% | 1.66x | 1.52x | 0 | 6 | 16,100,000 | 10/01/2013 | Yes | 66.5% | 50.6% | ||||||||||||||
Loan | 28 | Turnpike Square | 0.8% | 1.55x | 1.40x | 0 | 6 | 15,400,000 | 12/03/2013 | Yes | 68.1% | 56.2% | ||||||||||||||
Loan | 29 | The Corner at Westshore Phase II | 0.8% | 1.45x | 1.43x | 0 | 6 | 15,140,000 | 02/01/2014 | Yes | 67.4% | 60.8% | ||||||||||||||
Loan | 30 | Tech Square Parking Garage | 0.8% | 1.57x | 1.48x | 0 | 6 | 14,500,000 | 06/12/2013 | Yes | 69.9% | 53.2% | ||||||||||||||
Loan | 31 | Waynesville Commons(29) | 0.8% | 1.57x | 1.48x | 0 | 6 | 14,650,000 | 12/03/2013 | Yes | 68.9% | 60.8% | ||||||||||||||
Loan | 32 | Hampton Inn Rehoboth Beach | 0.8% | 1.66x | 1.49x | 0 | 6 | 14,600,000 | 12/01/2015 | Yes | 68.5% | 51.8% | ||||||||||||||
Loan | 33 | Valley Park Commons | 0.8% | 1.70x | 1.59x | 0 | 6 | 13,300,000 | 12/02/2013 | Yes | 74.1% | 65.5% | ||||||||||||||
Loan | 34 | Walgreens - Uniondale | 0.7% | 1.21x | 1.21x | 0 | 6 | 12,450,000 | 12/13/2013 | Yes | 69.3% | 57.1% | ||||||||||||||
Loan | 35 | Willow Creek Shopping Center | 0.7% | 1.60x | 1.45x | 0 | 6 | 11,500,000 | 11/27/2013 | Yes | 73.8% | 61.0% | ||||||||||||||
Loan | 36 | Sturtevant Industrial | 0.7% | 1.50x | 1.39x | 5 | 1 | 11,800,000 | 12/20/2013 | Yes | 68.1% | 56.2% | ||||||||||||||
Loan | 37 | 950 Haverford | 0.6% | 1.36x | 1.29x | 0 | 6 | 11,420,000 | 12/18/2013 | Yes | 69.2% | 58.3% | ||||||||||||||
Loan | 38 | StorQuest-Torrance | 0.6% | Yes - C | 1.62x | 1.58x | 0 | 6 | 10,250,000 | 11/19/2013 | Yes | 67.6% | 55.9% | |||||||||||||
Loan | 39 | Fountains at Lindenwoods Apartments | 0.5% | 1.37x | 1.25x | 0 | 6 | 9,700,000 | 11/14/2013 | Yes | 68.3% | 56.2% | ||||||||||||||
Loan | 40 | GRM Arlington | 0.5% | 1.85x | 1.73x | 0 | 6 | 8,800,000 | 11/25/2013 | Yes | 71.5% | 64.4% | ||||||||||||||
Loan | 41 | Summer Lake Estates | 0.5% | 1.39x | 1.34x | 0 | 6 | 9,800,000 | 10/18/2013 | Yes | 64.1% | 59.1% | ||||||||||||||
Loan | 42 | Santan Gateway | 0.5% | 1.92x | 1.78x | 0 | 6 | 9,700,000 | 10/01/2013 | Yes | 62.7% | 52.2% | ||||||||||||||
Loan | 43 | Forest Hills Apartments | 0.5% | 1.49x | 1.33x | 5 | 1 | 8,650,000 | 11/20/2013 | Yes | 67.1% | 60.6% | ||||||||||||||
Loan | 44 | Apache Trace Apartments | 0.5% | 1.72x | 1.61x | 0 | 1 | 7,790,000 | 01/13/2014 | Yes | 71.9% | 59.3% | ||||||||||||||
Loan | 45 | Rosewood Shopping Center | 0.4% | 1.78x | 1.67x | 0 | 6 | 8,500,000 | 10/28/2013 | Yes | 64.6% | 53.3% | ||||||||||||||
Loan | 46 | Cross Creek Apartments | 0.4% | 1.96x | 1.68x | 0 | 6 | 9,600,000 | 12/20/2013 | Yes | 55.7% | 45.7% | ||||||||||||||
Loan | 47 | Arlington Farms Apartments | 0.4% | 1.59x | 1.43x | 0 | 6 | 6,760,000 | 02/16/2014 | Yes | 73.9% | 61.6% | ||||||||||||||
Loan | 48 | Savers Plaza | 0.4% | 1.99x | 1.90x | 0 | 6 | 7,850,000 | 10/29/2013 | Yes | 62.3% | 52.0% | ||||||||||||||
Loan | 49 | Aberdeen Pines | 0.4% | 1.50x | 1.41x | 0 | 6 | 6,650,000 | 10/09/2013 | Yes | 72.9% | 62.0% | ||||||||||||||
Loan | 50 | The Venetian Apartments | 0.4% | 1.41x | 1.36x | 0 | 6 | 6,300,000 | 08/28/2013 | Yes | 74.9% | 62.4% | ||||||||||||||
Loan | 51 | Novi Industrial Building | 0.4% | 1.69x | 1.48x | 5 | 1 | 7,300,000 | 11/21/2013 | Yes | 59.8% | 45.3% |
A-1-7
COMM 2014-UBS2
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | FIRREA | Cut-Off | ||||||||||||||||||||||||
Property | Initial Pool | Related | Underwritten | Underwritten | Grace | Payment | Appraised | Appraisal | Compliant | Date LTV | LTV Ratio at | |||||||||||||||
Flag | ID | Property Name | Balance | Borrower | NOI DSCR(7)(8)(11) | NCF DSCR(7)(8)(11) | Period(12) | Date | Value ($)(13) | As-of Date(13) | (Yes/No) | Ratio(11)(13) | Maturity or ARD(11)(13) | |||||||||||||
Loan | 52 | MVP Parking Portfolio | 0.3% | 2.16x | 2.03x | 5 | 1 | 9,950,000 | Various | Yes | 43.1% | 38.4% | ||||||||||||||
Property | 52.01 | MVP Ft. Lauderdale | 0.1% | 3,420,000 | 09/18/2013 | Yes | ||||||||||||||||||||
Property | 52.02 | MVP Memphis 212 Poplar | 0.1% | 3,260,000 | 11/07/2013 | Yes | ||||||||||||||||||||
Property | 52.03 | MVP St. Louis | 0.1% | 2,850,000 | 12/01/2013 | Yes | ||||||||||||||||||||
Property | 52.04 | MVP Memphis 216 Court | 0.0% | 420,000 | 09/21/2013 | Yes | ||||||||||||||||||||
Loan | 53 | Dollar Self Storage | 0.3% | 1.41x | 1.36x | 0 | 1 | 6,100,000 | 11/15/2013 | Yes | 62.2% | 51.9% | ||||||||||||||
Loan | 54 | La Quinta Inn and Suites | 0.3% | 2.41x | 2.16x | 0 | 1 | 6,600,000 | 12/18/2013 | Yes | 57.5% | 44.0% | ||||||||||||||
Loan | 55 | Meadows of Bloomington | 0.3% | Yes - D | 1.52x | 1.48x | 0 | 6 | 5,642,700 | 09/23/2013 | Yes | 67.1% | 55.7% | |||||||||||||
Loan | 56 | StorQuest Long Beach | 0.3% | 2.00x | 1.96x | 0 | 6 | 6,400,000 | 11/26/2013 | Yes | 53.1% | 47.0% | ||||||||||||||
Loan | 57 | StorQuest Rancho Cucamonga | 0.3% | Yes - C | 1.57x | 1.53x | 0 | 6 | 4,400,000 | 11/19/2013 | Yes | 74.8% | 61.9% | |||||||||||||
Loan | 58 | Eaton Pines MHC | 0.2% | Yes - D | 1.50x | 1.47x | 0 | 6 | 4,400,000 | 10/16/2013 | Yes | 69.1% | 57.6% | |||||||||||||
Loan | 59 | Park Village | 0.2% | Yes - B | 1.67x | 1.43x | 5 | 1 | 3,800,000 | 01/13/2014 | Yes | 75.0% | 62.0% | |||||||||||||
A-1-8
COMM 2014-UBS2
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Net | ||||||||||||||||||||||||
% of | Rentable Area | Units | ||||||||||||||||||||||
Property | Initial Pool | Year | Year | (SF/Units/Beds | of | |||||||||||||||||||
Flag | ID | Property Name | Balance | Address | City | County | State | Zip Code | Built | Renovated | Rooms/Pads)(24) | Measure | ||||||||||||
Loan | 1 | Google and Amazon Office Portfolio(30)(31) | 9.7% | Various | Sunnyvale | Santa Clara | CA | 94089 | Various | Various | 1,057,809 | Sq. Ft. | ||||||||||||
Property | 1.01 | Technology Corners | 6.3% | 803, 805, 807 and 809 11th Avenue | Sunnyvale | Santa Clara | CA | 94089 | 2001 | 2013 | 700,328 | Sq. Ft. | ||||||||||||
Property | 1.02 | Moffett Towers Building D | 3.5% | 1100 Enterprise Way | Sunnyvale | Santa Clara | CA | 94089 | 2013 | NAP | 357,481 | Sq. Ft. | ||||||||||||
Loan | 2 | One Kendall Square(29)(30) | 9.7% | One Kendall Square | Cambridge | Middlesex | MA | 02139 | 1887-1994 | 1986, 2007-2013 | 610,110 | Sq. Ft. | ||||||||||||
Loan | 3 | Excelsior Crossings | 7.1% | 9350 and 9380 Excelsior Boulevard | Hopkins | Hennepin | MN | 55343 | 2008-2009 | NAP | 501,603 | Sq. Ft. | ||||||||||||
Loan | 4 | AMC Portfolio Pool II | 7.1% | Various | Various | Various | CO | Various | Various | NAP | 1,417 | Pads | ||||||||||||
Property | 4.01 | Pine Lakes Ranch | 3.7% | 10201 Riverdale Road | Thornton | Adams | CO | 80229 | 1970-1997 | NAP | 762 | Pads | ||||||||||||
Property | 4.02 | Countryside Village of Denver | 1.8% | 9850 Federal Boulevard | Federal Heights | Adams | CO | 80260 | 1973 | NAP | 345 | Pads | ||||||||||||
Property | 4.03 | Countryside Village of Longmont | 1.6% | 1400 South Collyer Street | Longmont | Boulder | CO | 80501 | 1972 | NAP | 310 | Pads | ||||||||||||
Loan | 5 | Omni Royal Orleans | 5.3% | 621 Saint Louis Street | New Orleans | Orleans | LA | 70130 | 1968 | 2012-2013 | 345 | Rooms | ||||||||||||
Loan | 6 | One North State Street | 4.8% | One North State Street | Chicago | Cook | IL | 60602 | 1912 | 1998 | 170,507 | Sq. Ft. | ||||||||||||
Loan | 7 | Embassy Suites - Anaheim(31) | 4.0% | 11767 Harbor Boulevard | Garden Grove | Orange | CA | 92840 | 2001 | 2011 | 375 | Rooms | ||||||||||||
Loan | 8 | Canyon Crossing(31) | 3.6% | 2550 Canyon Springs Parkway | Riverside | Riverside | CA | 92507 | 2008 | NAP | 295,949 | Sq. Ft. | ||||||||||||
Loan | 9 | 53 Broadway | 3.0% | 53 Broadway | Brooklyn | Kings | NY | 11249 | 2013 | NAP | 75 | Units | ||||||||||||
Loan | 10 | Valley Forge Shopping Center(29) | 2.8% | 105 Town Center Road | King of Prussia | Montgomery | PA | 19406 | 1956 | 2012-2014 | 340,352 | Sq. Ft. | ||||||||||||
Loan | 11 | Tops Markets Grocery Anchored Portfolio | 2.8% | Various | Various | Various | NY | Various | Various | NAP | 593,295 | Sq. Ft. | ||||||||||||
Property | 11.01 | Youngmann Plaza | 1.0% | 890 Young Street | Tonawanda | Erie | NY | 14150 | 1986 | NAP | 208,174 | Sq. Ft. | ||||||||||||
Property | 11.02 | Tops Plaza - Tonawanda(29) | 0.6% | 100-150 Niagara Street | Tonawanda | Erie | NY | 14150 | 1997 | NAP | 96,958 | Sq. Ft. | ||||||||||||
Property | 11.03 | Tops Plaza - Elmira(29) | 0.5% | 299 South Main Street | Elmira | Chemung | NY | 14904 | 1997 | NAP | 98,330 | Sq. Ft. | ||||||||||||
Property | 11.04 | Tops Plaza - Arcade | 0.3% | 658 West Main Street | Arcade | Wyoming | NY | 14009 | 1995 | NAP | 65,918 | Sq. Ft. | ||||||||||||
Property | 11.05 | Tops Plaza - Avon | 0.2% | 270 East Main Street | Avon | Livingston | NY | 14414 | 1996 | NAP | 63,427 | Sq. Ft. | ||||||||||||
Property | 11.06 | Tops Plaza - Hamlin | 0.2% | 1800 Lake Road | Hamlin | Monroe | NY | 14464 | 1997 | NAP | 60,488 | Sq. Ft. | ||||||||||||
Loan | 12 | Clemson Student Housing(31) | 2.7% | Various | Seneca | Oconee | SC | 29678 | Various | NAP | 873 | Beds | ||||||||||||
Property | 12.01 | Highpointe | 1.7% | 201 West Cherry Road | Seneca | Oconee | SC | 29678 | 2008-2011 | NAP | 591 | Beds | ||||||||||||
Property | 12.02 | The Pier | 1.0% | 201 West Cherry Road | Seneca | Oconee | SC | 29678 | 2012-2013 | NAP | 282 | Beds | ||||||||||||
Loan | 13 | FedEx Distribution - Natick(31) | 2.5% | 30 Superior Drive | Natick | Middlesex | MA | 01760 | 2013 | NAP | 173,174 | Sq. Ft. | ||||||||||||
Loan | 14 | 500 Jefferson | 2.5% | 500 Jefferson Street | Houston | Harris | TX | 77002 | 1963-1964 | 2004, 2005, 2007, 2013 | 390,479 | Sq. Ft. | ||||||||||||
Loan | 15 | Creekside Mixed Use Development | 2.0% | 101-151 Mill Street | Gahanna | Franklin | OH | 43230 | 2007 | 2012-2013 | 191,586 | Sq. Ft. | ||||||||||||
Loan | 16 | Amcor Rigid Plastics | 1.9% | 6974 Schantz Road | Allentown | Lehigh | PA | 18106 | 1998 | NAP | 480,000 | Sq. Ft. | ||||||||||||
Loan | 17 | LA Fitness Portfolio | 1.3% | Various | Various | Various | Various | Various | Various | NAP | 137,552 | Sq. Ft. | ||||||||||||
Property | 17.01 | LA Fitness - Palumbo | 0.5% | 3001 Blake James Drive | Lexington | Fayette | KY | 40509 | 2004 | NAP | 61,350 | Sq. Ft. | ||||||||||||
Property | 17.02 | LA Fitness - Wellington | 0.4% | 1028 Wellington Way | Lexington | Fayette | KY | 40513 | 2005 | NAP | 43,478 | Sq. Ft. | ||||||||||||
Property | 17.03 | LA Fitness - Edge O Lake | 0.4% | 2401 Edge O’ Lake Drive | Antioch | Davidson | TN | 37013 | 2002 | NAP | 32,724 | Sq. Ft. | ||||||||||||
Loan | 18 | Sherman Multifamily Portfolio | 1.3% | Various | Chicago | Cook | IL | 60615 | Various | Various | 120 | Units | ||||||||||||
Property | 18.01 | 5326 South Greenwood Avenue | 0.5% | 5326 South Greenwood Avenue | Chicago | Cook | IL | 60615 | 1925 | 2008 | 42 | Units | ||||||||||||
Property | 18.02 | 4850 South Drexel Avenue | 0.4% | 4850 South Drexel Avenue | Chicago | Cook | IL | 60615 | 1915 | 2012-2013 | 42 | Units | ||||||||||||
Property | 18.03 | 5416 South Woodlawn Avenue | 0.3% | 5416 South Woodlawn Avenue | Chicago | Cook | IL | 60615 | 1908 | 2010 | 36 | Units | ||||||||||||
Loan | 19 | Beltway 8 Corporate Centre I | 1.2% | 5300 West Sam Houston Parkway North | Houston | Harris | TX | 77041 | 2002 | NAP | 100,719 | Sq. Ft. | ||||||||||||
Loan | 20 | Avnet Building | 1.2% | 8700 South Price Road | Tempe | Maricopa | AZ | 85284 | 2000 | NAP | 132,070 | Sq. Ft. | ||||||||||||
Loan | 21 | Garden Hill Apartments Portfolio(28) | 1.1% | Various | Hartford | Hartford | CT | 06105 | 1900-1969 | NAP | 583 | Units | ||||||||||||
Loan | 22 | Airline Shopping Center | 1.1% | 2701 Airline Highway | Metairie | Jefferson | LA | 70001 | 2001 | NAP | 76,975 | Sq. Ft. | ||||||||||||
Loan | 23 | Cobblestone Grove | 1.0% | 1 Westwood Drive | Fairfield | Butler | OH | 45014 | 1987 | NAP | 292 | Units | ||||||||||||
Loan | 24 | Grand Lifestyle MHC Portfolio | 1.0% | Various | Various | Various | FL | Various | Various | Various | 605 | Pads | ||||||||||||
Property | 24.01 | Lakeside Village | 0.6% | 2580 Lakeside Drive | Leesburg | Lake | FL | 34788 | 1964, 1984 | NAP | 232 | Pads | ||||||||||||
Property | 24.02 | Ridgecrest Resort Community | 0.3% | 26125 South Highway 27 | Leesburg | Lake | FL | 34748 | 1972 | NAP | 289 | Pads | ||||||||||||
Property | 24.03 | Maple Corner | 0.1% | 94 Whidden Road | Labelle | Glades | FL | 33935 | 2002 | NAP | 84 | Pads | ||||||||||||
Loan | 25 | 300 East 23rd Street | 1.0% | 300 East 23rd Street | New York | New York | NY | 10010 | 2010 | NAP | 11,145 | Sq. Ft. | ||||||||||||
Loan | 26 | Hood Commons(29) | 0.9% | 55 Crystal Avenue | Derry | Rockingham | NH | 03038 | 1969 | 1989 | 214,739 | Sq. Ft. | ||||||||||||
Loan | 27 | Ramada Rockville Center | 0.9% | 1000 Sunrise Highway | Rockville Centre | Nassau | NY | 11570 | 1950-1987 | 2007-2013 | 98 | Rooms | ||||||||||||
Loan | 28 | Turnpike Square | 0.8% | 1400 Boston Post Road | Milford | New Haven | CT | 06460 | 1981 | NAP | 105,461 | Sq. Ft. | ||||||||||||
Loan | 29 | The Corner at Westshore Phase II | 0.8% | 1810 North Westshore Boulevard | Tampa | Hillsborough | FL | 33607 | 2014 | NAP | 26,367 | Sq. Ft. | ||||||||||||
Loan | 30 | Tech Square Parking Garage | 0.8% | 2047 Ontario Street | Cleveland | Cuyahoga | OH | 44115 | 1964 | NAP | 280,724 | Sq. Ft. | ||||||||||||
Loan | 31 | Waynesville Commons(29) | 0.8% | 30-135 Town Center Loop Road | Waynesville | Haywood | NC | 28786 | 2008 | NAP | 40,139 | Sq. Ft. | ||||||||||||
Loan | 32 | Hampton Inn Rehoboth Beach | 0.8% | 18826 Coastal Highway | Rehoboth Beach | Sussex | DE | 19971 | 2000 | 2011 | 85 | Rooms | ||||||||||||
Loan | 33 | Valley Park Commons | 0.8% | 1520 Wesel Boulevard | Hagerstown | Washington | MD | 21740 | 1992 | 2006 | 89,855 | Sq. Ft. | ||||||||||||
Loan | 34 | Walgreens - Uniondale | 0.7% | 603 Uniondale Avenue | Uniondale | Nassau | NY | 11553 | 2012 | NAP | 12,804 | Sq. Ft. | ||||||||||||
Loan | 35 | Willow Creek Shopping Center | 0.7% | 1042, 1044, 1046, & 1048 Willow Creek Road | Prescott | Yavapai | AZ | 86301 | 1983 | NAP | 164,979 | Sq. Ft. | ||||||||||||
Loan | 36 | Sturtevant Industrial | 0.7% | 10277 Venice Avenue | Sturtevant | Racine | WI | 53177 | 2003 | NAP | 196,875 | Sq. Ft. | ||||||||||||
Loan | 37 | 950 Haverford | 0.6% | 950 Haverford Road | Bryn Mawr | Delaware | PA | 19010 | 1972 | 2002 | 51,173 | Sq. Ft. | ||||||||||||
Loan | 38 | StorQuest-Torrance | 0.6% | 20428 Earl Street | Torrance | Los Angeles | CA | 90503 | 1985 | NAP | 57,667 | Sq. Ft. | ||||||||||||
Loan | 39 | Fountains at Lindenwoods Apartments | 0.5% | 1520 East 97th Street | Kansas City | Jackson | MO | 64131 | 1968 | 2012 | 216 | Units | ||||||||||||
Loan | 40 | GRM Arlington | 0.5% | 1701 Timberlake Drive | Arlington | Tarrant | TX | 76010 | 1973 | NAP | 227,120 | Sq. Ft. | ||||||||||||
Loan | 41 | Summer Lake Estates | 0.5% | 5101 Northwest 30 Lane | Fort Lauderdale | Broward | FL | 33309 | 2007 | 2012 | 59 | Units | ||||||||||||
Loan | 42 | Santan Gateway | 0.5% | 1305-1445 South Arizona Avenue | Chandler | Maricopa | AZ | 85286 | 2005 | NAP | 56,978 | Sq. Ft. | ||||||||||||
Loan | 43 | Forest Hills Apartments | 0.5% | 9659 Forest Lane | Dallas | Dallas | TX | 75243 | 1984 | 2013 | 240 | Units | ||||||||||||
Loan | 44 | Apache Trace Apartments | 0.5% | 1301 East Highway 3 | Guymon | Texas | OK | 73942 | 1999 | NAP | 144 | Units | ||||||||||||
Loan | 45 | Rosewood Shopping Center | 0.4% | 10040-10148 Rosecrans Avenue | Bellflower | Los Angeles | CA | 90706 | 1988 | NAP | 59,927 | Sq. Ft. | ||||||||||||
Loan | 46 | Cross Creek Apartments | 0.4% | 1441 Manotak Avenue | Jacksonville | Duval | FL | 32210 | 1973 | 2010 | 292 | Units | ||||||||||||
Loan | 47 | Arlington Farms Apartments | 0.4% | 1800 Primrose Drive | Waco | McLennan | TX | 76706 | 1972 | NAP | 168 | Units | ||||||||||||
Loan | 48 | Savers Plaza | 0.4% | 3501-3539 West Bell Road | Phoenix | Maricopa | AZ | 85053 | 1980 | NAP | 93,234 | Sq. Ft. | ||||||||||||
Loan | 49 | Aberdeen Pines | 0.4% | 125-200 Aberdeen Pines Way | Aberdeen | Moore | NC | 28315 | 2008 | NAP | 36,972 | Sq. Ft. | ||||||||||||
Loan | 50 | The Venetian Apartments | 0.4% | 5230 Hollywood Boulevard | Hollywood | Broward | FL | 33021 | 1969 | 2006, 2012-2013 | 63 | Units | ||||||||||||
Loan | 51 | Novi Industrial Building | 0.4% | 43700 Gen Mar Drive | Novi | Oakland | MI | 48375 | 1988 | 2013 | 156,200 | Sq. Ft. |
A-1-9
COMM 2014-UBS2
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Net | ||||||||||||||||||||||||
% of | Rentable Area | Units | ||||||||||||||||||||||
Property | Initial Pool | Year | Year | (SF/Units/Beds | of | |||||||||||||||||||
Flag | ID | Property Name | Balance | Address | City | County | State | Zip Code | Built | Renovated | Rooms/Pads)(24) | Measure | ||||||||||||
Loan | 52 | MVP Parking Portfolio | 0.3% | Various | Various | Various | Various | Various | Various | NAP | 142,533 | Sq. Ft. | ||||||||||||
Property | 52.01 | MVP Ft. Lauderdale | 0.1% | 208 Southeast 6th Street | Fort Lauderdale | Broward | FL | 33301 | 1958 | NAP | 29,441 | Sq. Ft. | ||||||||||||
Property | 52.02 | MVP Memphis 212 Poplar | 0.1% | 212 Poplar Avenue | Memphis | Shelby | TN | 38103 | 1975 | NAP | 37,636 | Sq. Ft. | ||||||||||||
Property | 52.03 | MVP St. Louis | 0.1% | 1300 Spruce Street | St. Louis | St. Louis | MO | 63103 | 1989 | NAP | 53,153 | Sq. Ft. | ||||||||||||
Property | 52.04 | MVP Memphis 216 Court | 0.0% | 216 Court Avenue | Memphis | Shelby | TN | 38103 | 1952 | NAP | 22,303 | Sq. Ft. | ||||||||||||
Loan | 53 | Dollar Self Storage | 0.3% | 2901 South Winchester Road | Apache Junction | Pinal | AZ | 85119 | 2008 | NAP | 91,180 | Sq. Ft. | ||||||||||||
Loan | 54 | La Quinta Inn and Suites | 0.3% | 2427 Highway 71 South | Columbus | Colorado | TX | 78934 | 2010 | NAP | 60 | Rooms | ||||||||||||
Loan | 55 | Meadows of Bloomington | 0.3% | 102 Filbert Drive | Bloomington | McLean | IL | 61705 | 1973 | NAP | 243 | Pads | ||||||||||||
Loan | 56 | StorQuest Long Beach | 0.3% | 2318 East South Street | Long Beach | Orange | CA | 90805 | 2002 | NAP | 56,890 | Sq. Ft. | ||||||||||||
Loan | 57 | StorQuest Rancho Cucamonga | 0.3% | 9419 Hampshire Street | Rancho Cucamonga | San Bernardino | CA | 91730 | 1987 | NAP | 62,323 | Sq. Ft. | ||||||||||||
Loan | 58 | Eaton Pines MHC | 0.2% | 458 Eaton Pines Boulevard | Eaton Rapids | Eaton | MI | 48827 | 1973, 1992, 2003 | NAP | 147 | Pads | ||||||||||||
Loan | 59 | Park Village | 0.2% | 7050 North Church Avenue | Mulberry | Polk | FL | 33860 | 1990 | 2006 | 48,505 | Sq. Ft. | ||||||||||||
A-1-10
COMM 2014-UBS2
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan per Net | ||||||||||||||||||||||||
% of | Rentable Area | Second Most | Second | Second | ||||||||||||||||||||
Property | Initial Pool | (SF/Units/Beds | Prepayment Provisions | Most Recent Operating | Most Recent | Most Recent | Most Recent | Recent Operating | Most Recent | Most Recent | ||||||||||||||
Flag | ID | Property Name | Balance | Rooms/Pads) ($)(11)(24) | (# of payments)(14) | Statements Date | EGI ($) | Expenses($) | NOI($) | Statements Date | EGI($) | Expenses($) | ||||||||||||
Loan | 1 | Google and Amazon Office Portfolio(30)(31) | 9.7% | 427 | L(26), YM1(90), O(4) | |||||||||||||||||||
Property | 1.01 | Technology Corners | 6.3% | 416 | ||||||||||||||||||||
Property | 1.02 | Moffett Towers Building D | 3.5% | 450 | ||||||||||||||||||||
Loan | 2 | One Kendall Square(29)(30) | 9.7% | 333 | L(25), D(91), O(4) | T-12 11/30/2013 | 24,756,891 | 11,255,081 | 13,501,810 | 12/31/2012 | 22,890,248 | 10,296,408 | ||||||||||||
Loan | 3 | Excelsior Crossings | 7.1% | 175 | L(24), YM(2), DorYM(90), O(4) | T-12 10/31/2013 | 9,044,248 | 41,770 | 9,002,478 | 12/31/2012 | 8,857,075 | 34,311 | ||||||||||||
Loan | 4 | AMC Portfolio Pool II | 7.1% | 61,967 | L(26), YM1(87), O(7) | T-12 9/30/2013 | 9,343,329 | 2,329,326 | 7,014,004 | 12/31/2012 | 8,996,294 | 2,259,852 | ||||||||||||
Property | 4.01 | Pine Lakes Ranch | 3.7% | 59,924 | T-12 9/30/2013 | 4,777,849 | 1,139,540 | 3,638,309 | 12/31/2012 | 4,588,041 | 1,108,631 | |||||||||||||
Property | 4.02 | Countryside Village of Denver | 1.8% | 64,821 | T-12 9/30/2013 | 2,395,587 | 613,218 | 1,782,370 | 12/31/2012 | 2,313,602 | 604,772 | |||||||||||||
Property | 4.03 | Countryside Village of Longmont | 1.6% | 63,813 | T-12 9/30/2013 | 2,169,893 | 576,568 | 1,593,325 | 12/31/2012 | 2,094,652 | 546,448 | |||||||||||||
Loan | 5 | Omni Royal Orleans | 5.3% | 188,138 | L(25), D(90), O(5) | T-12 11/30/2013 | 27,832,589 | 19,246,564 | 8,586,025 | 12/31/2012 | 21,373,727 | 16,626,276 | ||||||||||||
Loan | 6 | One North State Street | 4.8% | 351 | L(25), D(90), O(5) | T-12 10/31/2013 | 7,508,856 | 2,142,533 | 5,366,324 | 12/31/2012 | 6,747,007 | 2,041,235 | ||||||||||||
Loan | 7 | Embassy Suites - Anaheim(31) | 4.0% | 133,333 | L(25), D(31), O(4) | 12/31/2013 | 18,822,027 | 12,707,418 | 6,114,609 | 12/31/2012 | 17,161,561 | 11,848,528 | ||||||||||||
Loan | 8 | Canyon Crossing(31) | 3.6% | 151 | L(27), D(89), O(4) | T-12 10/31/2013 | 5,206,371 | 1,460,411 | 3,745,960 | 12/31/2012 | 5,027,965 | 1,397,935 | ||||||||||||
Loan | 9 | 53 Broadway | 3.0% | 493,333 | L(25), D(91), O(4) | |||||||||||||||||||
Loan | 10 | Valley Forge Shopping Center(29) | 2.8% | 103 | L(25), D(91), O(4) | |||||||||||||||||||
Loan | 11 | Tops Markets Grocery Anchored Portfolio | 2.8% | 59 | L(25), YM2(31), O(4) | T-12 10/31/2013 | 7,729,464 | 2,195,889 | 5,533,575 | 12/31/2012 | 7,720,368 | 2,054,456 | ||||||||||||
Property | 11.01 | Youngmann Plaza | 1.0% | 60 | T-12 10/31/2013 | 3,452,080 | 1,155,841 | 2,296,239 | 12/31/2012 | 3,521,859 | 1,092,729 | |||||||||||||
Property | 11.02 | Tops Plaza - Tonawanda(29) | 0.6% | 76 | T-12 10/31/2013 | 1,286,441 | 234,808 | 1,051,633 | 12/31/2012 | 1,268,692 | 230,234 | |||||||||||||
Property | 11.03 | Tops Plaza - Elmira(29) | 0.5% | 58 | T-12 10/31/2013 | 1,012,672 | 159,174 | 853,498 | 12/31/2012 | 981,253 | 119,324 | |||||||||||||
Property | 11.04 | Tops Plaza - Arcade | 0.3% | 54 | T-12 10/31/2013 | 731,283 | 209,857 | 521,426 | 12/31/2012 | 732,565 | 209,765 | |||||||||||||
Property | 11.05 | Tops Plaza - Avon | 0.2% | 46 | T-12 10/31/2013 | 621,374 | 220,935 | 400,439 | 12/31/2012 | 595,944 | 190,030 | |||||||||||||
Property | 11.06 | Tops Plaza - Hamlin | 0.2% | 47 | T-12 10/31/2013 | 625,614 | 215,274 | 410,340 | 12/31/2012 | 620,053 | 212,375 | |||||||||||||
Loan | 12 | Clemson Student Housing(31) | 2.7% | 38,288 | L(26), YM1(91), O(3) | T-12 9/30/2013 | 5,153,178 | 2,628,033 | 2,525,145 | 12/31/2012 | 4,119,495 | 2,018,751 | ||||||||||||
Property | 12.01 | Highpointe | 1.7% | 34,629 | T-12 9/30/2013 | 4,093,725 | 2,122,778 | 1,970,947 | 12/31/2012 | 3,755,312 | 1,822,983 | |||||||||||||
Property | 12.02 | The Pier | 1.0% | 45,955 | T-12 9/30/2013 | 1,059,453 | 505,255 | 554,198 | 12/31/2012 | 364,183 | 195,767 | |||||||||||||
Loan | 13 | FedEx Distribution - Natick(31) | 2.5% | 182 | L(24), D(93), O(3) | |||||||||||||||||||
Loan | 14 | 500 Jefferson | 2.5% | 80 | L(26), D(87), O(7) | 12/31/2012 | 5,715,696 | 2,965,612 | ||||||||||||||||
Loan | 15 | Creekside Mixed Use Development | 2.0% | 132 | L(12), YM1(15), DorYM1 (89), O(4) | T-12 10/31/2013 | 2,647,116 | 840,756 | 1,806,360 | |||||||||||||||
Loan | 16 | Amcor Rigid Plastics | 1.9% | 50 | L(26), D(90), O(4) | |||||||||||||||||||
Loan | 17 | LA Fitness Portfolio | 1.3% | 117 | L(24), D(57), O(3) | |||||||||||||||||||
Property | 17.01 | LA Fitness - Palumbo | 0.5% | 101 | ||||||||||||||||||||
Property | 17.02 | LA Fitness - Wellington | 0.4% | 124 | ||||||||||||||||||||
Property | 17.03 | LA Fitness - Edge O Lake | 0.4% | 138 | ||||||||||||||||||||
Loan | 18 | Sherman Multifamily Portfolio | 1.3% | 129,167 | L(26), D(93), O(1) | T-12 10/31/2013 | 1,617,423 | 519,428 | 1,097,996 | 12/31/2012 | 1,701,551 | 526,506 | ||||||||||||
Property | 18.01 | 5326 South Greenwood Avenue | 0.5% | 152,221 | T-12 10/31/2013 | 739,739 | 209,043 | 530,696 | 12/31/2012 | 692,435 | 198,883 | |||||||||||||
Property | 18.02 | 4850 South Drexel Avenue | 0.4% | 115,051 | T-5 Annualized 10/31/2013 | 367,826 | 127,546 | 240,281 | 12/31/2012 | 560,471 | 164,699 | |||||||||||||
Property | 18.03 | 5416 South Woodlawn Avenue | 0.3% | 118,738 | T-12 10/31/2013 | 509,858 | 182,839 | 327,019 | 12/31/2012 | 448,645 | 162,924 | |||||||||||||
Loan | 19 | Beltway 8 Corporate Centre I | 1.2% | 152 | L(25), D(91), O(4) | T-12 9/30/2013 | 2,722,548 | 895,943 | 1,826,606 | |||||||||||||||
Loan | 20 | Avnet Building | 1.2% | 112 | L(26), D(87), O(7) | 12/31/2012 | 1,924,867 | 396,206 | ||||||||||||||||
Loan | 21 | Garden Hill Apartments Portfolio(28) | 1.1% | 24,014 | L(24), D(92), O(4) | 12/31/2013 | 3,338,179 | 1,942,265 | 1,395,914 | |||||||||||||||
Loan | 22 | Airline Shopping Center | 1.1% | 171 | L(25),YM1(92), O(3) | 12/31/2013 | 1,758,570 | 388,214 | 1,370,356 | 12/31/2012 | 1,731,065 | 372,126 | ||||||||||||
Loan | 23 | Cobblestone Grove | 1.0% | 43,836 | L(25), D(88), O(7) | T-12 10/31/2013 | 2,633,501 | 1,103,685 | 1,529,815 | 12/31/2012 | 2,554,750 | 1,035,318 | ||||||||||||
Loan | 24 | Grand Lifestyle MHC Portfolio | 1.0% | 20,000 | L(24), D(92), O(4) | 12/31/2013 | 1,959,316 | 862,389 | 1,096,926 | 12/31/2012 | 1,916,974 | 932,231 | ||||||||||||
Property | 24.01 | Lakeside Village | 0.6% | 30,158 | 12/31/2013 | 1,021,417 | 443,265 | 578,152 | 12/31/2012 | 994,032 | 476,710 | |||||||||||||
Property | 24.02 | Ridgecrest Resort Community | 0.3% | 13,852 | 12/31/2013 | 726,099 | 327,889 | 398,210 | 12/31/2012 | 719,626 | 354,211 | |||||||||||||
Property | 24.03 | Maple Corner | 0.1% | 13,095 | 12/31/2013 | 211,800 | 91,235 | 120,565 | 12/31/2012 | 203,316 | 101,310 | |||||||||||||
Loan | 25 | 300 East 23rd Street | 1.0% | 1,077 | L(25), D(91), O(4) | |||||||||||||||||||
Loan | 26 | Hood Commons(29) | 0.9% | 52 | L(27), D(29), O(4) | T-12 7/31/2013 | 2,465,147 | 899,393 | 1,565,754 | 12/31/2012 | 2,476,555 | 847,882 | ||||||||||||
Loan | 27 | Ramada Rockville Center | 0.9% | 109,329 | L(26), D(90), O(4) | T-12 10/31/2013 | 3,429,301 | 1,241,450 | 2,187,851 | 12/31/2012 | 2,731,313 | 1,094,234 | ||||||||||||
Loan | 28 | Turnpike Square | 0.8% | 99 | L(25), D(91), O(4) | 12/31/2013 | 1,760,678 | 652,294 | 1,108,384 | 12/31/2012 | 1,664,325 | 603,198 | ||||||||||||
Loan | 29 | The Corner at Westshore Phase II | 0.8% | 387 | L(25), D(91), O(4) | |||||||||||||||||||
Loan | 30 | Tech Square Parking Garage | 0.8% | 36 | L(25), D(91), O(4) | 12/31/2013 | 1,740,837 | 662,608 | 1,078,229 | 12/31/2012 | 1,709,584 | 636,041 | ||||||||||||
Loan | 31 | Waynesville Commons(29) | 0.8% | 252 | L(24), YM1(92), O(4) | T-12 10/31/2013 | 1,280,706 | 274,422 | 1,006,284 | 12/31/2012 | 1,252,935 | 251,650 | ||||||||||||
Loan | 32 | Hampton Inn Rehoboth Beach | 0.8% | 117,647 | L(24), D(92), O(4) | T-12 10/31/2013 | 3,090,886 | 1,855,781 | 1,235,105 | 12/31/2012 | 3,023,813 | 1,846,715 | ||||||||||||
Loan | 33 | Valley Park Commons | 0.8% | 110 | L(25), D(91), O(4) | 12/31/2012 | 1,140,525 | 394,774 | ||||||||||||||||
Loan | 34 | Walgreens - Uniondale | 0.7% | 674 | L(25), D(91), O(4) | 12/31/2013 | 697,225 | 697,225 | ||||||||||||||||
Loan | 35 | Willow Creek Shopping Center | 0.7% | 51 | L(25), D(91), O(4) | T-12 11/30/2013 | 876,025 | 324,471 | 551,554 | 12/31/2012 | 669,106 | 264,325 | ||||||||||||
Loan | 36 | Sturtevant Industrial | 0.7% | 41 | L(25), D(92), O(3) | T-12 11/30/2013 | 1,517,994 | 572,511 | 945,483 | 12/31/2012 | 1,426,879 | 575,627 | ||||||||||||
Loan | 37 | 950 Haverford | 0.6% | 154 | L(25), D(90), O(5) | T-12 11/30/2013 | 1,171,164 | 525,069 | 646,095 | 12/31/2012 | 1,181,861 | 548,885 | ||||||||||||
Loan | 38 | StorQuest-Torrance | 0.6% | 120 | L(26), D(87), O(7) | T-12 10/31/2013 | 1,113,699 | 460,094 | 653,605 | 12/31/2012 | 1,000,733 | 385,878 | ||||||||||||
Loan | 39 | Fountains at Lindenwoods Apartments | 0.5% | 30,671 | L(26), D(91), O(3) | T-12 10/31/2013 | 1,472,289 | 702,387 | 769,902 | 12/31/2012 | 1,503,113 | 808,590 | ||||||||||||
Loan | 40 | GRM Arlington | 0.5% | 28 | L(25), D(31), O(4) | |||||||||||||||||||
Loan | 41 | Summer Lake Estates | 0.5% | 106,499 | L(26), D(29), O(5) | T-9 Annualized 9/30/2013 | 1,031,956 | 426,719 | 605,237 | |||||||||||||||
Loan | 42 | Santan Gateway | 0.5% | 107 | L(27), D(89), O(4) | T-12 8/31/2013 | 829,373 | 248,766 | 580,607 | 12/31/2012 | 601,867 | 204,513 | ||||||||||||
Loan | 43 | Forest Hills Apartments | 0.5% | 24,167 | L(26), D(55), O(3) | 12/31/2013 | 1,380,814 | 836,780 | 544,034 | 12/31/2012 | 1,175,002 | 721,296 | ||||||||||||
Loan | 44 | Apache Trace Apartments | 0.5% | 38,889 | L(24), D(93), O(3) | 12/31/2013 | 1,084,938 | 393,389 | 691,548 | 12/31/2012 | 1,040,823 | 428,515 | ||||||||||||
Loan | 45 | Rosewood Shopping Center | 0.4% | 92 | L(25), D(91), O(4) | T-12 9/30/2013 | 980,822 | 387,553 | 593,269 | 12/31/2012 | 919,013 | 432,724 | ||||||||||||
Loan | 46 | Cross Creek Apartments | 0.4% | 18,315 | L(25), D(91), O(4) | T-12 11/30/2013 | 1,574,292 | 974,566 | 599,726 | 12/31/2012 | 1,268,571 | 961,387 | ||||||||||||
Loan | 47 | Arlington Farms Apartments | 0.4% | 29,720 | L(25), D(92), O(3) | T-12 9/30/2013 | 1,196,806 | 667,120 | 529,686 | 12/31/2012 | 1,093,861 | 623,388 | ||||||||||||
Loan | 48 | Savers Plaza | 0.4% | 52 | L(26), D(87), O(7) | T-12 9/30/2013 | 822,151 | 144,586 | 677,565 | 12/31/2012 | 819,290 | 231,291 | ||||||||||||
Loan | 49 | Aberdeen Pines | 0.4% | 131 | L(27), D(89), O(4) | T-12 9/30/2013 | 594,702 | 108,765 | 485,937 | 12/31/2012 | 575,741 | 107,386 | ||||||||||||
Loan | 50 | The Venetian Apartments | 0.4% | 74,894 | L(25), D(92), O(3) | T-12 10/31/2013 | 780,449 | 239,075 | 541,374 | 12/31/2012 | 642,529 | 245,172 | ||||||||||||
Loan | 51 | Novi Industrial Building | 0.4% | 28 | L(26), D(91), O(3) | T-11 11/30/2013 Ann. | 393,015 | 29,800 | 363,214 | 12/31/2012 | 60,369 | 118,071 |
A-1-11
COMM 2014-UBS2
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan per Net | ||||||||||||||||||||||||
% of | Rentable Area | Second Most | Second | Second | ||||||||||||||||||||
Property | Initial Pool | (SF/Units/Beds | Prepayment Provisions | Most Recent Operating | Most Recent | Most Recent | Most Recent | Recent Operating | Most Recent | Most Recent | ||||||||||||||
Flag | ID | Property Name | Balance | Rooms/Pads) ($)(11)(24) | (# of payments)(14) | Statements Date | EGI ($) | Expenses($) | NOI($) | Statements Date | EGI($) | Expenses($) | ||||||||||||
Loan | 52 | MVP Parking Portfolio | 0.3% | 30 | L(25), D(32), O(3) | |||||||||||||||||||
Property | 52.01 | MVP Ft. Lauderdale | 0.1% | 53 | ||||||||||||||||||||
Property | 52.02 | MVP Memphis 212 Poplar | 0.1% | 35 | ||||||||||||||||||||
Property | 52.03 | MVP St. Louis | 0.1% | 24 | ||||||||||||||||||||
Property | 52.04 | MVP Memphis 216 Court | 0.0% | 6 | ||||||||||||||||||||
Loan | 53 | Dollar Self Storage | 0.3% | 42 | L(25), D(92), O(3) | T-12 11/30/2013 | 626,757 | 265,613 | 361,144 | 12/31/2012 | 550,516 | 273,786 | ||||||||||||
Loan | 54 | La Quinta Inn and Suites | 0.3% | 63,217 | L(25), D(92), O(3) | 12/31/2013 | 1,473,814 | 724,166 | 749,648 | 12/31/2012 | 1,471,039 | 834,954 | ||||||||||||
Loan | 55 | Meadows of Bloomington | 0.3% | 15,583 | L(27), D(89), O(4) | T-12 9/30/2013 | 836,994 | 477,886 | 359,108 | 12/31/2012 | 808,604 | 461,560 | ||||||||||||
Loan | 56 | StorQuest Long Beach | 0.3% | 60 | L(25), D(91), O(4) | T-12 10/31/2013 | 709,392 | 268,836 | 440,556 | 12/31/2012 | 676,166 | 227,220 | ||||||||||||
Loan | 57 | StorQuest Rancho Cucamonga | 0.3% | 53 | L(26), D(87), O(7) | T-12 10/31/2013 | 571,054 | 276,577 | 294,477 | 12/31/2012 | 519,901 | 268,355 | ||||||||||||
Loan | 58 | Eaton Pines MHC | 0.2% | 20,678 | L(27), D(86), O(7) | T-12 9/30/2013 | 535,022 | 236,732 | 298,291 | 12/31/2012 | 548,517 | 241,796 | ||||||||||||
Loan | 59 | Park Village | 0.2% | 59 | L(25),YM1(92), O(3) | 12/31/2013 | 429,395 | 152,859 | 276,536 | 12/31/2012 | 474,522 | 151,661 | ||||||||||||
A-1-12
COMM 2014-UBS2
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | Second | Third Most | Third | Third | Third | |||||||||||||||||||||
Property | Initial Pool | Most Recent | Recent Operating | Most Recent | Most Recent | Most Recent | Underwritten NOI | Underwritten NCF | Underwritten | Underwritten | Underwritten | |||||||||||||||
Flag | ID | Property Name | Balance | NOI($) | Statements Date | EGI($) | Expenses($) | NOI($) | Debt Yield(11) | Debt Yield(11) | Revenue($) | EGI($) | Expenses($) | |||||||||||||
Loan | 1 | Google and Amazon Office Portfolio(30)(31) | 9.7% | 9.0% | 8.9% | 41,853,110 | 48,402,604 | 7,731,477 | ||||||||||||||||||
Property | 1.01 | Technology Corners | 6.3% | |||||||||||||||||||||||
Property | 1.02 | Moffett Towers Building D | 3.5% | |||||||||||||||||||||||
Loan | 2 | One Kendall Square(29)(30) | 9.7% | 12,593,841 | 12/31/2011 | 20,329,107 | 9,885,624 | 10,443,482 | 9.2% | 8.5% | 25,138,078 | 29,425,662 | 10,711,322 | |||||||||||||
Loan | 3 | Excelsior Crossings | 7.1% | 8,822,764 | 12/31/2011 | 8,741,813 | 31,792 | 8,710,021 | 10.3% | 10.0% | 9,586,397 | 9,315,752 | 219,697 | |||||||||||||
Loan | 4 | AMC Portfolio Pool II | 7.1% | 6,736,442 | 12/31/2011 | 8,754,017 | 2,177,493 | 6,576,525 | 8.1% | 8.0% | 8,636,703 | 9,513,009 | 2,373,372 | |||||||||||||
Property | 4.01 | Pine Lakes Ranch | 3.7% | 3,479,410 | 12/31/2011 | 4,454,008 | 1,084,681 | 3,369,328 | 4,401,097 | 4,872,981 | 1,171,158 | |||||||||||||||
Property | 4.02 | Countryside Village of Denver | 1.8% | 1,708,829 | 12/31/2011 | 2,270,880 | 569,990 | 1,700,889 | 2,182,630 | 2,426,559 | 628,376 | |||||||||||||||
Property | 4.03 | Countryside Village of Longmont | 1.6% | 1,548,203 | 12/31/2011 | 2,029,130 | 522,822 | 1,506,308 | 2,052,975 | 2,213,469 | 573,838 | |||||||||||||||
Loan | 5 | Omni Royal Orleans | 5.3% | 4,747,451 | 12/31/2011 | 24,551,003 | 18,073,419 | 6,477,584 | 13.6% | 11.8% | 20,131,698 | 28,708,247 | 19,882,345 | |||||||||||||
Loan | 6 | One North State Street | 4.8% | 4,705,772 | 12/31/2011 | 6,840,896 | 2,153,369 | 4,687,527 | 8.5% | 8.2% | 5,869,613 | 7,350,239 | 2,240,372 | |||||||||||||
Loan | 7 | Embassy Suites - Anaheim(31) | 4.0% | 5,313,033 | 12/31/2011 | 15,944,109 | 11,441,691 | 4,502,418 | 12.0% | 10.2% | 15,749,488 | 18,822,027 | 12,802,387 | |||||||||||||
Loan | 8 | Canyon Crossing(31) | 3.6% | 3,630,030 | 12/31/2011 | 5,092,443 | 1,226,690 | 3,865,753 | 9.3% | 8.8% | 4,445,692 | 5,765,402 | 1,592,677 | |||||||||||||
Loan | 9 | 53 Broadway | 3.0% | 7.9% | 7.8% | 2,943,546 | 3,411,947 | 494,091 | ||||||||||||||||||
Loan | 10 | Valley Forge Shopping Center(29) | 2.8% | 8.6% | 8.4% | 3,543,297 | 4,857,738 | 1,832,995 | ||||||||||||||||||
Loan | 11 | Tops Markets Grocery Anchored Portfolio | 2.8% | 5,665,911 | 12/31/2011 | 7,613,662 | 1,967,899 | 5,645,763 | 12.1% | 11.1% | 5,756,446 | 6,530,174 | 2,299,139 | |||||||||||||
Property | 11.01 | Youngmann Plaza | 1.0% | 2,429,130 | 12/31/2011 | 3,490,187 | 1,073,356 | 2,416,831 | 1,834,319 | 2,266,203 | 1,205,807 | |||||||||||||||
Property | 11.02 | Tops Plaza - Tonawanda(29) | 0.6% | 1,038,458 | 12/31/2011 | 1,203,182 | 224,338 | 978,845 | 1,180,307 | 1,349,816 | 261,409 | |||||||||||||||
Property | 11.03 | Tops Plaza - Elmira(29) | 0.5% | 861,929 | 12/31/2011 | 976,178 | 105,012 | 871,167 | 1,012,585 | 996,065 | 167,888 | |||||||||||||||
Property | 11.04 | Tops Plaza - Arcade | 0.3% | 522,800 | 12/31/2011 | 756,980 | 188,898 | 568,082 | 650,150 | 706,753 | 224,664 | |||||||||||||||
Property | 11.05 | Tops Plaza - Avon | 0.2% | 405,914 | 12/31/2011 | 576,496 | 174,348 | 402,148 | 543,948 | 612,510 | 209,002 | |||||||||||||||
Property | 11.06 | Tops Plaza - Hamlin | 0.2% | 407,679 | 12/31/2011 | 610,638 | 201,948 | 408,691 | 535,138 | 598,827 | 230,369 | |||||||||||||||
Loan | 12 | Clemson Student Housing(31) | 2.7% | 2,100,744 | 9.2% | 8.9% | 5,000,435 | 6,220,058 | 3,142,878 | |||||||||||||||||
Property | 12.01 | Highpointe | 1.7% | 1,932,329 | 12/31/2011 | 3,438,041 | 1,779,343 | 1,658,697 | 3,262,091 | 4,324,314 | 2,296,199 | |||||||||||||||
Property | 12.02 | The Pier | 1.0% | 168,415 | 1,738,344 | 1,895,744 | 846,679 | |||||||||||||||||||
Loan | 13 | FedEx Distribution - Natick(31) | 2.5% | 8.4% | 8.3% | 2,811,672 | 2,727,322 | 81,820 | ||||||||||||||||||
Loan | 14 | 500 Jefferson | 2.5% | 2,750,084 | 12/31/2011 | 5,858,643 | 3,043,983 | 2,814,660 | 11.9% | 11.3% | 3,043,186 | 7,244,561 | 3,531,591 | |||||||||||||
Loan | 15 | Creekside Mixed Use Development | 2.0% | 10.2% | 9.6% | 1,497,485 | 3,785,719 | 1,214,366 | ||||||||||||||||||
Loan | 16 | Amcor Rigid Plastics | 1.9% | 10.4% | 10.1% | 2,702,020 | 2,566,919 | 77,008 | ||||||||||||||||||
Loan | 17 | LA Fitness Portfolio | 1.3% | 12.3% | 11.0% | 2,109,000 | 2,585,538 | 612,620 | ||||||||||||||||||
Property | 17.01 | LA Fitness - Palumbo | 0.5% | 825,000 | 992,409 | 219,642 | ||||||||||||||||||||
Property | 17.02 | LA Fitness - Wellington | 0.4% | 690,000 | 824,343 | 177,729 | ||||||||||||||||||||
Property | 17.03 | LA Fitness - Edge O Lake | 0.4% | 594,000 | 768,787 | 215,249 | ||||||||||||||||||||
Loan | 18 | Sherman Multifamily Portfolio | 1.3% | 1,175,045 | 12/31/2011 | 1,695,968 | 586,340 | 1,109,628 | 8.2% | 8.0% | 1,767,672 | 1,838,944 | 569,549 | |||||||||||||
Property | 18.01 | 5326 South Greenwood Avenue | 0.5% | 493,552 | 12/31/2011 | 673,655 | 222,156 | 451,499 | 709,416 | 731,383 | 213,680 | |||||||||||||||
Property | 18.02 | 4850 South Drexel Avenue | 0.4% | 395,772 | 12/31/2011 | 560,471 | 164,699 | 395,772 | 559,044 | 592,668 | 171,592 | |||||||||||||||
Property | 18.03 | 5416 South Woodlawn Avenue | 0.3% | 285,721 | 12/31/2011 | 461,842 | 199,485 | 262,357 | 499,212 | 514,893 | 184,277 | |||||||||||||||
Loan | 19 | Beltway 8 Corporate Centre I | 1.2% | 10.4% | 9.2% | 1,749,675 | 2,903,811 | 1,306,968 | ||||||||||||||||||
Loan | 20 | Avnet Building | 1.2% | 1,528,661 | 12/31/2011 | 1,931,752 | 394,328 | 1,537,424 | 10.5% | 9.9% | 1,843,697 | 2,017,159 | 460,407 | |||||||||||||
Loan | 21 | Garden Hill Apartments Portfolio(28) | 1.1% | 10.3% | 8.7% | 4,454,724 | 3,888,507 | 2,442,694 | ||||||||||||||||||
Loan | 22 | Airline Shopping Center | 1.1% | 1,358,939 | 12/31/2011 | 1,704,107 | 348,959 | 1,355,148 | 10.0% | 9.2% | 1,360,310 | 1,774,189 | 452,255 | |||||||||||||
Loan | 23 | Cobblestone Grove | 1.0% | 1,519,432 | 12/31/2011 | 2,407,163 | 952,500 | 1,454,663 | 12.3% | 11.6% | 2,209,272 | 2,710,376 | 1,135,374 | |||||||||||||
Loan | 24 | Grand Lifestyle MHC Portfolio | 1.0% | 984,743 | 12/31/2011 | 1,927,234 | 870,603 | 1,056,631 | 9.9% | 9.6% | 1,792,863 | 2,091,632 | 899,158 | |||||||||||||
Property | 24.01 | Lakeside Village | 0.6% | 517,322 | 12/31/2011 | 1,013,624 | 435,908 | 577,716 | 1,111,187 | 1,128,582 | 447,965 | |||||||||||||||
Property | 24.02 | Ridgecrest Resort Community | 0.3% | 365,415 | 12/31/2011 | 721,682 | 333,385 | 388,297 | 485,116 | 766,489 | 346,044 | |||||||||||||||
Property | 24.03 | Maple Corner | 0.1% | 102,006 | 12/31/2011 | 191,928 | 101,310 | 90,618 | 196,560 | 196,560 | 105,149 | |||||||||||||||
Loan | 25 | 300 East 23rd Street | 1.0% | 8.2% | 8.1% | 1,050,000 | 1,072,151 | 86,440 | ||||||||||||||||||
Loan | 26 | Hood Commons(29) | 0.9% | 1,628,673 | 12/31/2011 | 2,462,812 | 832,854 | 1,629,958 | 13.6% | 11.5% | 2,033,701 | 2,387,832 | 864,519 | |||||||||||||
Loan | 27 | Ramada Rockville Center | 0.9% | 1,637,080 | 12/31/2011 | 1,905,929 | 1,061,756 | 844,173 | 12.2% | 11.1% | 2,747,047 | 2,747,047 | 1,444,245 | |||||||||||||
Loan | 28 | Turnpike Square | 0.8% | 1,061,126 | 12/31/2011 | 1,576,745 | 494,954 | 1,081,791 | 10.1% | 9.2% | 1,283,880 | 1,778,857 | 720,445 | |||||||||||||
Loan | 29 | The Corner at Westshore Phase II | 0.8% | 9.3% | 9.2% | 987,698 | 1,157,017 | 210,927 | ||||||||||||||||||
Loan | 30 | Tech Square Parking Garage | 0.8% | 1,073,544 | 12/31/2011 | 1,079,318 | 528,426 | 550,891 | 11.5% | 10.8% | 1,680,187 | 1,794,064 | 628,389 | |||||||||||||
Loan | 31 | Waynesville Commons(29) | 0.8% | 1,001,285 | 12/31/2011 | 1,212,245 | 233,323 | 978,922 | 9.9% | 9.4% | 1,038,689 | 1,291,589 | 290,873 | |||||||||||||
Loan | 32 | Hampton Inn Rehoboth Beach | 0.8% | 1,177,098 | 12/31/2011 | 2,793,518 | 1,899,622 | 893,896 | 12.0% | 10.7% | 3,076,113 | 3,091,780 | 1,893,752 | |||||||||||||
Loan | 33 | Valley Park Commons | 0.8% | 745,751 | 12/31/2011 | 2,071,619 | 441,320 | 1,630,299 | 10.9% | 10.2% | 1,127,335 | 1,513,098 | 434,990 | |||||||||||||
Loan | 34 | Walgreens - Uniondale | 0.7% | 7.8% | 7.8% | 697,225 | 689,688 | 13,794 | ||||||||||||||||||
Loan | 35 | Willow Creek Shopping Center | 0.7% | 404,781 | 12/31/2011 | 704,297 | 305,333 | 398,964 | 10.5% | 9.5% | 958,452 | 1,198,420 | 307,989 | |||||||||||||
Loan | 36 | Sturtevant Industrial | 0.7% | 851,251 | 12/31/2011 | 1,361,242 | 531,245 | 829,998 | 9.7% | 9.0% | 880,015 | 1,373,210 | 590,280 | |||||||||||||
Loan | 37 | 950 Haverford | 0.6% | 632,977 | 12/31/2011 | 1,171,323 | 554,133 | 617,190 | 8.7% | 8.3% | 1,197,686 | 1,215,597 | 526,402 | |||||||||||||
Loan | 38 | StorQuest-Torrance | 0.6% | 614,855 | 12/31/2011 | 1,002,916 | 388,540 | 614,376 | 10.6% | 10.3% | 1,145,102 | 1,166,928 | 435,366 | |||||||||||||
Loan | 39 | Fountains at Lindenwoods Apartments | 0.5% | 694,523 | 12/31/2011 | 1,103,339 | 763,724 | 339,615 | 10.2% | 9.3% | 1,527,564 | 1,411,796 | 733,571 | |||||||||||||
Loan | 40 | GRM Arlington | 0.5% | 13.9% | 13.0% | 908,480 | 1,132,206 | 259,431 | ||||||||||||||||||
Loan | 41 | Summer Lake Estates | 0.5% | 8.8% | 8.5% | 1,120,320 | 1,112,345 | 561,075 | ||||||||||||||||||
Loan | 42 | Santan Gateway | 0.5% | 397,353 | 12.8% | 11.9% | 777,856 | 1,050,311 | 272,023 | |||||||||||||||||
Loan | 43 | Forest Hills Apartments | 0.5% | 453,706 | 12/31/2011 | 1,080,180 | 610,313 | 469,867 | 9.5% | 8.5% | 1,680,084 | 1,530,024 | 976,275 | |||||||||||||
Loan | 44 | Apache Trace Apartments | 0.5% | 612,308 | 12/31/2011 | 1,012,994 | 433,822 | 579,172 | 11.2% | 10.4% | 1,024,992 | 1,063,896 | 436,760 | |||||||||||||
Loan | 45 | Rosewood Shopping Center | 0.4% | 486,289 | 11.6% | 10.8% | 1,121,478 | 1,065,293 | 429,244 | |||||||||||||||||
Loan | 46 | Cross Creek Apartments | 0.4% | 307,184 | 12/31/2011 | 960,199 | 713,080 | 247,119 | 12.5% | 10.7% | 1,857,300 | 1,791,365 | 1,125,458 | |||||||||||||
Loan | 47 | Arlington Farms Apartments | 0.4% | 470,473 | 12/31/2011 | 1,112,768 | 709,088 | 403,680 | 10.7% | 9.7% | 1,230,600 | 1,196,806 | 662,566 | |||||||||||||
Loan | 48 | Savers Plaza | 0.4% | 587,999 | 13.4% | 12.8% | 678,541 | 955,744 | 298,333 | |||||||||||||||||
Loan | 49 | Aberdeen Pines | 0.4% | 468,355 | 12/31/2011 | 604,510 | 111,019 | 493,490 | 9.9% | 9.3% | 511,902 | 584,116 | 104,625 | |||||||||||||
Loan | 50 | The Venetian Apartments | 0.4% | 397,357 | 12/31/2011 | 579,552 | 229,624 | 349,928 | 9.5% | 9.2% | 797,580 | 763,055 | 315,002 | |||||||||||||
Loan | 51 | Novi Industrial Building | 0.4% | -57,702 | 12.2% | 10.7% | 616,175 | 836,154 | 303,435 |
A-1-13
COMM 2014-UBS2
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | Second | Third Most | Third | Third | Third | |||||||||||||||||||||
Property | Initial Pool | Most Recent | Recent Operating | Most Recent | Most Recent | Most Recent | Underwritten NOI | Underwritten NCF | Underwritten | Underwritten | Underwritten | |||||||||||||||
Flag | ID | Property Name | Balance | NOI($) | Statements Date | EGI($) | Expenses($) | NOI($) | Debt Yield(11) | Debt Yield(11) | Revenue($) | EGI($) | Expenses($) | |||||||||||||
Loan | 52 | MVP Parking Portfolio | 0.3% | 15.1% | 14.2% | 691,300 | 794,652 | 145,821 | ||||||||||||||||||
Property | 52.01 | MVP Ft. Lauderdale | 0.1% | 164,000 | 205,632 | 53,100 | ||||||||||||||||||||
Property | 52.02 | MVP Memphis 212 Poplar | 0.1% | 262,000 | 276,412 | 28,960 | ||||||||||||||||||||
Property | 52.03 | MVP St. Louis | 0.1% | 250,000 | 285,687 | 50,723 | ||||||||||||||||||||
Property | 52.04 | MVP Memphis 216 Court | 0.0% | 15,300 | 26,921 | 13,038 | ||||||||||||||||||||
Loan | 53 | Dollar Self Storage | 0.3% | 276,731 | 12/31/2011 | 480,761 | 304,948 | 175,813 | 9.6% | 9.2% | 714,902 | 626,757 | 264,348 | |||||||||||||
Loan | 54 | La Quinta Inn and Suites | 0.3% | 636,085 | 12/31/2011 | 1,116,643 | 622,817 | 493,826 | 18.0% | 16.2% | 1,386,086 | 1,436,969 | 752,464 | |||||||||||||
Loan | 55 | Meadows of Bloomington | 0.3% | 347,044 | 12/31/2011 | 828,758 | 493,702 | 335,056 | 10.1% | 9.8% | 735,888 | 834,927 | 453,023 | |||||||||||||
Loan | 56 | StorQuest Long Beach | 0.3% | 448,946 | 12/31/2011 | 652,836 | 241,251 | 411,585 | 12.9% | 12.7% | 735,072 | 709,392 | 269,513 | |||||||||||||
Loan | 57 | StorQuest Rancho Cucamonga | 0.3% | 251,546 | 12/31/2011 | 504,547 | 276,812 | 227,735 | 10.3% | 10.0% | 580,327 | 601,329 | 263,606 | |||||||||||||
Loan | 58 | Eaton Pines MHC | 0.2% | 306,721 | 12/31/2011 | 498,310 | 233,619 | 264,691 | 10.1% | 9.8% | 542,268 | 527,667 | 221,826 | |||||||||||||
Loan | 59 | Park Village | 0.2% | 322,861 | 12/31/2011 | 449,003 | 143,244 | 305,760 | 10.9% | 9.4% | 375,042 | 485,108 | 173,096 | |||||||||||||
A-1-14
COMM 2014-UBS2
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | ||||||||||||||||||||||||
Property | Initial Pool | Underwritten | Underwritten | Underwritten | Underwritten | Ownership | Ground Lease | Ground Lease | ||||||||||||||||
Flag | ID | Property Name | Balance | NOI ($) | Reserves($) | TI/LC($) | NCF ($) | Interest(15) | Expiration(16) | Extension Terms(16) | Largest Tenant(17)(20)(21)(22) | SF | ||||||||||||
Loan | 1 | Google and Amazon Office Portfolio(30)(31) | 9.7% | 40,671,127 | 211,562 | 40,459,565 | Fee Simple | |||||||||||||||||
Property | 1.01 | Technology Corners | 6.3% | Fee Simple | 700,328 | |||||||||||||||||||
Property | 1.02 | Moffett Towers Building D | 3.5% | Fee Simple | Amazon | 357,481 | ||||||||||||||||||
Loan | 2 | One Kendall Square(29)(30) | 9.7% | 18,714,340 | 152,528 | 1,407,150 | 17,154,662 | Fee Simple | Merrimack | 121,704 | ||||||||||||||
Loan | 3 | Excelsior Crossings | 7.1% | 9,096,055 | 75,240 | 252,718 | 8,768,097 | Fee Simple | Cargill | 501,603 | ||||||||||||||
Loan | 4 | AMC Portfolio Pool II | 7.1% | 7,139,637 | 106,275 | 7,033,362 | Fee Simple | |||||||||||||||||
Property | 4.01 | Pine Lakes Ranch | 3.7% | 3,701,823 | 57,150 | 3,644,673 | Fee Simple | NAP | NAP | |||||||||||||||
Property | 4.02 | Countryside Village of Denver | 1.8% | 1,798,183 | 25,875 | 1,772,308 | Fee Simple | NAP | NAP | |||||||||||||||
Property | 4.03 | Countryside Village of Longmont | 1.6% | 1,639,631 | 23,250 | 1,616,381 | Fee Simple | NAP | NAP | |||||||||||||||
Loan | 5 | Omni Royal Orleans | 5.3% | 8,825,902 | 1,148,330 | 7,677,573 | Fee Simple | NAP | NAP | |||||||||||||||
Loan | 6 | One North State Street | 4.8% | 5,109,866 | 25,576 | 160,237 | 4,924,053 | Fee Simple | TJ Maxx | 70,029 | ||||||||||||||
Loan | 7 | Embassy Suites - Anaheim(31) | 4.0% | 6,019,640 | 941,101 | 5,078,539 | Fee Simple | NAP | NAP | |||||||||||||||
Loan | 8 | Canyon Crossing(31) | 3.6% | 4,172,725 | 44,392 | 203,701 | 3,924,632 | Fee Simple | Toys “R” Us | 73,370 | ||||||||||||||
Loan | 9 | 53 Broadway | 3.0% | 2,917,856 | 18,750 | 2,899,106 | Fee Simple | NAP | NAP | |||||||||||||||
Loan | 10 | Valley Forge Shopping Center(29) | 2.8% | 3,024,743 | 26,303 | 71,384 | 2,927,056 | Fee Simple | Target (Ground Lease) | 165,000 | ||||||||||||||
Loan | 11 | Tops Markets Grocery Anchored Portfolio | 2.8% | 4,231,035 | 166,123 | 187,446 | 3,877,466 | Fee Simple | ||||||||||||||||
Property | 11.01 | Youngmann Plaza | 1.0% | 1,060,395 | 58,289 | 127,364 | 874,743 | Fee Simple | Gander Mountain | 70,062 | ||||||||||||||
Property | 11.02 | Tops Plaza - Tonawanda(29) | 0.6% | 1,088,407 | 27,148 | 19,173 | 1,042,085 | Fee Simple | Tops Market | 67,000 | ||||||||||||||
Property | 11.03 | Tops Plaza - Elmira(29) | 0.5% | 828,177 | 27,532 | 11,715 | 788,930 | Fee Simple | Tops Market | 77,000 | ||||||||||||||
Property | 11.04 | Tops Plaza - Arcade | 0.3% | 482,089 | 18,457 | 10,269 | 453,363 | Fee Simple | Tops Market | 45,515 | ||||||||||||||
Property | 11.05 | Tops Plaza - Avon | 0.2% | 403,508 | 17,760 | 13,966 | 371,783 | Fee Simple | Tops Market | 47,000 | ||||||||||||||
Property | 11.06 | Tops Plaza - Hamlin | 0.2% | 368,458 | 16,937 | 4,959 | 346,563 | Fee Simple | Tops Market | 47,000 | ||||||||||||||
Loan | 12 | Clemson Student Housing(31) | 2.7% | 3,077,180 | 87,300 | 2,989,880 | Fee Simple | |||||||||||||||||
Property | 12.01 | Highpointe | 1.7% | 2,028,115 | 59,100 | 1,969,015 | Fee Simple | NAP | NAP | |||||||||||||||
Property | 12.02 | The Pier | 1.0% | 1,049,065 | 28,200 | 1,020,865 | Fee Simple | NAP | NAP | |||||||||||||||
Loan | 13 | FedEx Distribution - Natick(31) | 2.5% | 2,645,502 | 17,317 | 2,628,185 | Fee Simple | FedEx Ground Package System, Inc. | 173,174 | |||||||||||||||
Loan | 14 | 500 Jefferson | 2.5% | 3,712,970 | 78,187 | 98,282 | 3,536,501 | Fee Simple | Kellogg Brown & Root, LLC | 355,993 | ||||||||||||||
Loan | 15 | Creekside Mixed Use Development | 2.0% | 2,571,353 | 36,860 | 97,324 | 2,437,169 | Fee Simple/Leasehold | 7/31/2106 | One, 99 year extension | C-Suites Limited | 14,595 | ||||||||||||
Loan | 16 | Amcor Rigid Plastics | 1.9% | 2,489,911 | 72,000 | 2,417,911 | Fee Simple | Amcor Rigid Plastics USA, Inc. | 480,000 | |||||||||||||||
Loan | 17 | LA Fitness Portfolio | 1.3% | 1,972,918 | 39,663 | 163,287 | 1,769,968 | Fee Simple | ||||||||||||||||
Property | 17.01 | LA Fitness - Palumbo | 0.5% | 772,767 | 9,203 | 71,083 | 692,482 | Fee Simple | LA Fitness | 61,350 | ||||||||||||||
Property | 17.02 | LA Fitness - Wellington | 0.4% | 646,613 | 6,522 | 54,428 | 585,664 | Fee Simple | LA Fitness | 43,478 | ||||||||||||||
Property | 17.03 | LA Fitness - Edge O Lake | 0.4% | 553,538 | 23,939 | 37,776 | 491,823 | Fee Simple | LA Fitness | 32,724 | ||||||||||||||
Loan | 18 | Sherman Multifamily Portfolio | 1.3% | 1,269,395 | 24,726 | 1,244,669 | Fee Simple | |||||||||||||||||
Property | 18.01 | 5326 South Greenwood Avenue | 0.5% | 517,703 | 7,602 | 510,101 | Fee Simple | NAP | NAP | |||||||||||||||
Property | 18.02 | 4850 South Drexel Avenue | 0.4% | 421,076 | 9,492 | 411,584 | Fee Simple | NAP | NAP | |||||||||||||||
Property | 18.03 | 5416 South Woodlawn Avenue | 0.3% | 330,616 | 7,632 | 322,984 | Fee Simple | NAP | NAP | |||||||||||||||
Loan | 19 | Beltway 8 Corporate Centre I | 1.2% | 1,596,843 | 34,244 | 147,608 | 1,414,990 | Fee Simple | Cameron International Corporation | 51,621 | ||||||||||||||
Loan | 20 | Avnet Building | 1.2% | 1,556,753 | 19,811 | 65,523 | 1,471,419 | Leasehold | 12/31/2101 | NAV | Avnet, Inc. | 132,070 | ||||||||||||
Loan | 21 | Garden Hill Apartments Portfolio(28) | 1.1% | 1,445,813 | 233,200 | 1,212,613 | Fee Simple | |||||||||||||||||
Loan | 22 | Airline Shopping Center | 1.1% | 1,321,934 | 20,190 | 83,487 | 1,218,257 | Fee Simple | Rouse | 52,655 | ||||||||||||||
Loan | 23 | Cobblestone Grove | 1.0% | 1,575,002 | 92,856 | 1,482,146 | Fee Simple | NAP | NAP | |||||||||||||||
Loan | 24 | Grand Lifestyle MHC Portfolio | 1.0% | 1,192,473 | 30,250 | 1,162,223 | Fee Simple | |||||||||||||||||
Property | 24.01 | Lakeside Village | 0.6% | 680,617 | 11,600 | 669,017 | Fee Simple | NAP | NAP | |||||||||||||||
Property | 24.02 | Ridgecrest Resort Community | 0.3% | 420,445 | 14,450 | 405,995 | Fee Simple | NAP | NAP | |||||||||||||||
Property | 24.03 | Maple Corner | 0.1% | 91,411 | 4,200 | 87,211 | Fee Simple | NAP | NAP | |||||||||||||||
Loan | 25 | 300 East 23rd Street | 1.0% | 985,711 | 2,229 | 13,462 | 970,020 | Fee Simple | Duane Reade | 11,145 | ||||||||||||||
Loan | 26 | Hood Commons(29) | 0.9% | 1,523,313 | 52,810 | 183,357 | 1,287,147 | Fee Simple | Shaw’s Supermarket | 69,655 | ||||||||||||||
Loan | 27 | Ramada Rockville Center | 0.9% | 1,302,802 | 109,882 | 1,192,920 | Fee Simple | NAP | NAP | |||||||||||||||
Loan | 28 | Turnpike Square | 0.8% | 1,058,412 | 26,365 | 70,428 | 961,619 | Fee Simple | Michaels | 31,150 | ||||||||||||||
Loan | 29 | The Corner at Westshore Phase II | 0.8% | 946,091 | 3,970 | 7,411 | 934,709 | Fee Simple | Olive Garden | 9,100 | ||||||||||||||
Loan | 30 | Tech Square Parking Garage | 0.8% | 1,165,675 | 50,444 | 18,056 | 1,097,175 | Fee Simple | NAP | NAP | ||||||||||||||
Loan | 31 | Waynesville Commons(29) | 0.8% | 1,000,716 | 8,028 | 46,310 | 946,378 | Fee Simple | Best Buy | 30,334 | ||||||||||||||
Loan | 32 | Hampton Inn Rehoboth Beach | 0.8% | 1,198,028 | 123,671 | 1,074,357 | Fee Simple | NAP | NAP | |||||||||||||||
Loan | 33 | Valley Park Commons | 0.8% | 1,078,108 | 8,928 | 61,896 | 1,007,284 | Fee Simple | Hobby Lobby | 47,886 | ||||||||||||||
Loan | 34 | Walgreens - Uniondale | 0.7% | 675,895 | 1,280 | 674,614 | Fee Simple | Walgreens | 12,804 | |||||||||||||||
Loan | 35 | Willow Creek Shopping Center | 0.7% | 890,431 | 17,084 | 67,749 | 805,598 | Fee Simple | C-A-L Stores Companies, Inc. | 53,410 | ||||||||||||||
Loan | 36 | Sturtevant Industrial | 0.7% | 782,930 | 29,531 | 27,463 | 725,935 | Fee Simple | BWAY Corporation | 157,391 | ||||||||||||||
Loan | 37 | 950 Haverford | 0.6% | 689,195 | 10,235 | 25,587 | 653,374 | Fee Simple | Delta-T | 26,207 | ||||||||||||||
Loan | 38 | StorQuest-Torrance | 0.6% | 731,561 | 14,417 | 717,145 | Fee Simple | NAP | NAP | |||||||||||||||
Loan | 39 | Fountains at Lindenwoods Apartments | 0.5% | 678,225 | 60,294 | 617,931 | Fee Simple | NAP | NAP | |||||||||||||||
Loan | 40 | GRM Arlington | 0.5% | 872,774 | 56,780 | 815,994 | Fee Simple | GRM | 227,120 | |||||||||||||||
Loan | 41 | Summer Lake Estates | 0.5% | 551,270 | 17,700 | 533,570 | Fee Simple | NAP | NAP | |||||||||||||||
Loan | 42 | Santan Gateway | 0.5% | 778,288 | 8,547 | 47,560 | 722,181 | Fee Simple | Strike Zone | 15,015 | ||||||||||||||
Loan | 43 | Forest Hills Apartments | 0.5% | 553,749 | 60,000 | 493,749 | Fee Simple | NAP | NAP | |||||||||||||||
Loan | 44 | Apache Trace Apartments | 0.5% | 627,137 | 42,000 | 585,137 | Fee Simple | NAP | NAP | |||||||||||||||
Loan | 45 | Rosewood Shopping Center | 0.4% | 636,049 | 14,982 | 25,709 | 595,358 | Fee Simple | Fresenius Medical Care | 11,747 | ||||||||||||||
Loan | 46 | Cross Creek Apartments | 0.4% | 665,907 | 95,776 | 570,131 | Fee Simple | NAP | NAP | |||||||||||||||
Loan | 47 | Arlington Farms Apartments | 0.4% | 534,240 | 51,072 | 483,168 | Fee Simple | NAP | NAP | |||||||||||||||
Loan | 48 | Savers Plaza | 0.4% | 657,411 | 13,985 | 15,560 | 627,866 | Fee Simple | Empereon Marketing | 34,024 | ||||||||||||||
Loan | 49 | Aberdeen Pines | 0.4% | 479,491 | 7,394 | 20,141 | 451,956 | Fee Simple | TJ Maxx | 25,000 | ||||||||||||||
Loan | 50 | The Venetian Apartments | 0.4% | 448,053 | 15,821 | 432,232 | Fee Simple | NAP | NAP | |||||||||||||||
Loan | 51 | Novi Industrial Building | 0.4% | 532,719 | 23,430 | 41,949 | 467,339 | Fee Simple | Eberspaecher North America Inc | 156,200 |
A-1-15
COMM 2014-UBS2
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | ||||||||||||||||||||||||
Property | Initial Pool | Underwritten | Underwritten | Underwritten | Underwritten | Ownership | Ground Lease | Ground Lease | ||||||||||||||||
Flag | ID | Property Name | Balance | NOI ($) | Reserves($) | TI/LC($) | NCF ($) | Interest(15) | Expiration(16) | Extension Terms(16) | Largest Tenant(17)(20)(21)(22) | SF | ||||||||||||
Loan | 52 | MVP Parking Portfolio | 0.3% | 648,831 | 22,408 | 18,748 | 607,675 | Fee Simple | ||||||||||||||||
Property | 52.01 | MVP Ft. Lauderdale | 0.1% | 152,532 | 5,444 | 5,223 | 141,865 | Fee Simple | USA Parking Systems - Ft. Lauderdale | 25,380 | ||||||||||||||
Property | 52.02 | MVP Memphis 212 Poplar | 0.1% | 247,452 | 5,645 | 6,720 | 235,087 | Fee Simple | Best Park Tennessee - 212 Poplar | 37,636 | ||||||||||||||
Property | 52.03 | MVP St. Louis | 0.1% | 234,964 | 7,973 | 6,413 | 220,578 | Fee Simple | Standard Parking Corporation | 53,153 | ||||||||||||||
Property | 52.04 | MVP Memphis 216 Court | 0.0% | 13,883 | 3,345 | 392 | 10,145 | Fee Simple | Central Parking - 216 Court | 22,303 | ||||||||||||||
Loan | 53 | Dollar Self Storage | 0.3% | 362,409 | 13,677 | 348,732 | Fee Simple | NAP | NAP | |||||||||||||||
Loan | 54 | La Quinta Inn and Suites | 0.3% | 684,505 | 71,848 | 612,657 | Fee Simple | NAP | NAP | |||||||||||||||
Loan | 55 | Meadows of Bloomington | 0.3% | 381,905 | 11,950 | 369,955 | Fee Simple | NAP | NAP | |||||||||||||||
Loan | 56 | StorQuest Long Beach | 0.3% | 439,880 | 8,534 | 431,346 | Fee Simple | NAP | NAP | |||||||||||||||
Loan | 57 | StorQuest Rancho Cucamonga | 0.3% | 337,723 | 9,348 | 328,375 | Fee Simple | NAP | NAP | |||||||||||||||
Loan | 58 | Eaton Pines MHC | 0.2% | 305,841 | 7,350 | 298,491 | Fee Simple | NAP | NAP | |||||||||||||||
Loan | 59 | Park Village | 0.2% | 312,012 | 9,701 | 35,452 | 266,859 | Fee Simple | Dollar General Store | 29,000 | ||||||||||||||
A-1-16
COMM 2014-UBS2
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | ||||||||||||||||||||||||
Property | Initial Pool | Lease | Lease | Lease | �� | |||||||||||||||||||
Flag | ID | Property Name | Balance | Expiration(18) | 2nd Largest Tenant(21) | SF | Expiration(18) | 3rd Largest Tenant(21)(22) | SF | Expiration(18) | 4th Largest Tenant(22) | SF | ||||||||||||
Loan | 1 | Google and Amazon Office Portfolio(30)(31) | 9.7% | |||||||||||||||||||||
Property | 1.01 | Technology Corners | 6.3% | 09/30/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Property | 1.02 | Moffett Towers Building D | 3.5% | 02/29/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 2 | One Kendall Square(29)(30) | 9.7% | 06/30/2019 | Akamai Technologies | 51,693 | 12/31/2019 | Nine Point Medical | 31,916 | 12/31/2016 | InVivo | 26,150 | ||||||||||||
Loan | 3 | Excelsior Crossings | 7.1% | 09/30/2020 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 4 | AMC Portfolio Pool II | 7.1% | |||||||||||||||||||||
Property | 4.01 | Pine Lakes Ranch | 3.7% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Property | 4.02 | Countryside Village of Denver | 1.8% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Property | 4.03 | Countryside Village of Longmont | 1.6% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 5 | Omni Royal Orleans | 5.3% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 6 | One North State Street | 4.8% | 07/31/2024 | Burlington Coat Factory | 60,096 | 02/28/2023 | Garrett Popcorn Shops | 7,665 | 01/31/2026 | Pay Half | 6,200 | ||||||||||||
Loan | 7 | Embassy Suites - Anaheim(31) | 4.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 8 | Canyon Crossing(31) | 3.6% | 01/31/2024 | Johns Incredible Pizza | 50,000 | 10/31/2022 | Mor Furniture for Less | 45,875 | 08/31/2020 | Staples | 20,388 | ||||||||||||
Loan | 9 | 53 Broadway | 3.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 10 | Valley Forge Shopping Center(29) | 2.8% | 01/01/2040 | Bed Bath and Beyond | 42,101 | 01/31/2020 | Michaels | 22,242 | 02/28/2018 | Michael’s Deli | 11,536 | ||||||||||||
Loan | 11 | Tops Markets Grocery Anchored Portfolio | 2.8% | |||||||||||||||||||||
Property | 11.01 | Youngmann Plaza | 1.0% | 12/31/2015 | Tops Market | 51,000 | 01/31/2031 | Big Lots | 37,243 | 01/31/2017 | Family Dollar | 9,290 | ||||||||||||
Property | 11.02 | Tops Plaza - Tonawanda(29) | 0.6% | 05/31/2027 | Family Dollar | 8,948 | 06/30/2021 | Parts America | 8,000 | 01/31/2019 | Mighty Taco | 3,070 | ||||||||||||
Property | 11.03 | Tops Plaza - Elmira(29) | 0.5% | 06/30/2027 | Dollar Tree | 11,330 | 04/30/2019 | H&R Block | 2,500 | 04/30/2017 | NAP | NAP | ||||||||||||
Property | 11.04 | Tops Plaza - Arcade | 0.3% | 12/31/2025 | Rent a Center | 3,000 | 09/30/2014 | Second Impressions | 3,000 | MTM | Radio Shack | 2,100 | ||||||||||||
Property | 11.05 | Tops Plaza - Avon | 0.2% | 05/31/2027 | Mark’s Pizzeria | 2,200 | 05/31/2017 | Salon Secrets | 1,790 | 05/31/2017 | J&J Nails | 1,664 | ||||||||||||
Property | 11.06 | Tops Plaza - Hamlin | 0.2% | 05/31/2027 | Subway | 1,670 | 01/31/2018 | Cutting Crew | 1,500 | 03/31/2015 | China Moon | 1,350 | ||||||||||||
Loan | 12 | Clemson Student Housing(31) | 2.7% | |||||||||||||||||||||
Property | 12.01 | Highpointe | 1.7% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Property | 12.02 | The Pier | 1.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 13 | FedEx Distribution - Natick(31) | 2.5% | 07/31/2028 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 14 | 500 Jefferson | 2.5% | 06/30/2030 | Lapin & Landa, LLP | 6,959 | 10/31/2018 | Alliant Credit Union | 3,441 | 01/31/2015 | Richard L. Prinz | 2,468 | ||||||||||||
Loan | 15 | Creekside Mixed Use Development | 2.0% | 04/20/2020 | Creekside Conference | 12,910 | 12/31/2018 | Orchard, Hiltz, & MCC | 9,482 | 12/31/2023 | Jeffery Chaddock & Assoc | 5,725 | ||||||||||||
Loan | 16 | Amcor Rigid Plastics | 1.9% | 12/23/2028 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 17 | LA Fitness Portfolio | 1.3% | |||||||||||||||||||||
Property | 17.01 | LA Fitness - Palumbo | 0.5% | 12/31/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Property | 17.02 | LA Fitness - Wellington | 0.4% | 12/31/2025 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Property | 17.03 | LA Fitness - Edge O Lake | 0.4% | 12/31/2022 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 18 | Sherman Multifamily Portfolio | 1.3% | |||||||||||||||||||||
Property | 18.01 | 5326 South Greenwood Avenue | 0.5% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Property | 18.02 | 4850 South Drexel Avenue | 0.4% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Property | 18.03 | 5416 South Woodlawn Avenue | 0.3% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 19 | Beltway 8 Corporate Centre I | 1.2% | 02/28/2021 | SAVA Senior Care | 49,098 | 04/30/2018 | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 20 | Avnet Building | 1.2% | 01/31/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 21 | Garden Hill Apartments Portfolio(28) | 1.1% | |||||||||||||||||||||
Loan | 22 | Airline Shopping Center | 1.1% | 11/30/2020 | McAlisters Deli | 3,840 | 09/30/2017 | Radio Shack Corp. | 2,665 | 08/31/2016 | Unagi & Sushi Japanese Rest. | 1,456 | ||||||||||||
Loan | 23 | Cobblestone Grove | 1.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 24 | Grand Lifestyle MHC Portfolio | 1.0% | |||||||||||||||||||||
Property | 24.01 | Lakeside Village | 0.6% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Property | 24.02 | Ridgecrest Resort Community | 0.3% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Property | 24.03 | Maple Corner | 0.1% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 25 | 300 East 23rd Street | 1.0% | 02/28/2022 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 26 | Hood Commons(29) | 0.9% | 02/28/2023 | Big Lots | 26,500 | 01/31/2015 | Tractor Supply | 24,679 | 10/31/2019 | Planet Fitness | 15,000 | ||||||||||||
Loan | 27 | Ramada Rockville Center | 0.9% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 28 | Turnpike Square | 0.8% | 06/30/2021 | Big Lots | 24,684 | 01/31/2017 | Pier 1 Imports | 13,033 | 12/31/2016 | HomeTown Buffet | 10,200 | ||||||||||||
Loan | 29 | The Corner at Westshore Phase II | 0.8% | 02/03/2024 | Longhorn Steakhouse | 6,800 | 01/20/2024 | AT&T Mobility | 4,123 | 04/06/2024 | Gym Source | 3,246 | ||||||||||||
Loan | 30 | Tech Square Parking Garage | 0.8% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 31 | Waynesville Commons(29) | 0.8% | 04/30/2019 | Verizon Wireless | 5,000 | 01/31/2019 | One Main Financial | 1,800 | 12/31/2018 | Sally Beauty | 1,505 | ||||||||||||
Loan | 32 | Hampton Inn Rehoboth Beach | 0.8% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 33 | Valley Park Commons | 0.8% | 10/31/2022 | CVS | 8,450 | 12/31/2017 | Nikko Japanese Steak & Seafood | 7,400 | 10/31/2016 | Kool Smiles | 7,314 | ||||||||||||
Loan | 34 | Walgreens - Uniondale | 0.7% | 10/31/2037 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 35 | Willow Creek Shopping Center | 0.7% | 08/07/2021 | Safeway | 51,084 | 04/30/2026 | Beall’s Outlet Store | 25,956 | 01/31/2024 | Dunn-Edwards Paints | 5,550 | ||||||||||||
Loan | 36 | Sturtevant Industrial | 0.7% | 02/28/2021 | Allstates Trucking, Inc. | 39,484 | 02/28/2017 | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 37 | 950 Haverford | 0.6% | 12/15/2016 | Jefferson Health System | 16,000 | 08/31/2018 | Barbara Malamut | 2,803 | 03/31/2015 | Gruenberg & Summers | 2,676 | ||||||||||||
Loan | 38 | StorQuest-Torrance | 0.6% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 39 | Fountains at Lindenwoods Apartments | 0.5% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 40 | GRM Arlington | 0.5% | 01/31/2029 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 41 | Summer Lake Estates | 0.5% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 42 | Santan Gateway | 0.5% | 07/31/2016 | Giant Furniture | 13,140 | 08/28/2018 | Mattress Firm | 6,161 | 07/31/2015 | Bright Now Dental | 3,485 | ||||||||||||
Loan | 43 | Forest Hills Apartments | 0.5% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 44 | Apache Trace Apartments | 0.5% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 45 | Rosewood Shopping Center | 0.4% | 07/31/2018 | HealthCare Partners, LLC | 5,360 | 05/31/2016 | In Joy Life Resources, Inc. | 5,000 | 02/20/2018 | Carl’s Jr. Restaurants, LLC | 3,050 | ||||||||||||
Loan | 46 | Cross Creek Apartments | 0.4% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 47 | Arlington Farms Apartments | 0.4% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 48 | Savers Plaza | 0.4% | 06/30/2017 | TVI, Inc. | 33,200 | 12/31/2015 | David and Brenda Eva | 7,280 | 11/30/2021 | Bell Ridge Animal Hospital | 3,610 | ||||||||||||
Loan | 49 | Aberdeen Pines | 0.4% | 01/31/2020 | Shoe Carnival | 8,000 | 02/28/2019 | Verizon Wireless | 2,500 | 09/30/2014 | Jimmy Johns | 1,472 | ||||||||||||
Loan | 50 | The Venetian Apartments | 0.4% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 51 | Novi Industrial Building | 0.4% | 04/30/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
A-1-17
COMM 2014-UBS2
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | ||||||||||||||||||||||||
Property | Initial Pool | Lease | Lease | Lease | ||||||||||||||||||||
Flag | ID | Property Name | Balance | Expiration(18) | 2nd Largest Tenant(21) | SF | Expiration(18) | 3rd Largest Tenant(21)(22) | SF | Expiration(18) | 4th Largest Tenant(22) | SF | ||||||||||||
Loan | 52 | MVP Parking Portfolio | 0.3% | |||||||||||||||||||||
Property | 52.01 | MVP Ft. Lauderdale | 0.1% | 01/31/2019 | Andrew M. Coffey | 4,061 | 11/30/2017 | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Property | 52.02 | MVP Memphis 212 Poplar | 0.1% | 02/24/2019 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Property | 52.03 | MVP St. Louis | 0.1% | 11/30/2018 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Property | 52.04 | MVP Memphis 216 Court | 0.0% | 03/13/2017 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 53 | Dollar Self Storage | 0.3% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 54 | La Quinta Inn and Suites | 0.3% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 55 | Meadows of Bloomington | 0.3% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 56 | StorQuest Long Beach | 0.3% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 57 | StorQuest Rancho Cucamonga | 0.3% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 58 | Eaton Pines MHC | 0.2% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 59 | Park Village | 0.2% | 11/29/2023 | Aaron’s Sales & Lease Ownership | 6,720 | 01/31/2020 | Little Caesar’s Pizza | 1,400 | 03/31/2016 | H&R Block | 1,400 | ||||||||||||
A-1-18
COMM 2014-UBS2
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | Upfront | Monthly | ||||||||||||||||||||
Property | Initial Pool | Lease | Lease | Occupancy | Replacement | Replacement | ||||||||||||||||
Flag | ID | Property Name | Balance | Expiration(18) | 5th Largest Tenant(21)(22) | SF | Expiration(18) | Occupancy(19)(24) | As-of Date | Reserves($)(23) | Reserves ($)(25) | |||||||||||
Loan | 1 | Google and Amazon Office Portfolio(30)(31) | 9.7% | 100.0% | 03/06/2014 | 17,630 | ||||||||||||||||
Property | 1.01 | Technology Corners | 6.3% | NAP | NAP | NAP | NAP | 100.0% | 03/06/2014 | |||||||||||||
Property | 1.02 | Moffett Towers Building D | 3.5% | NAP | NAP | NAP | NAP | 100.0% | 03/06/2014 | |||||||||||||
Loan | 2 | One Kendall Square(29)(30) | 9.7% | 10/31/2018 | Abcam Limited | 22,925 | 12/31/2016 | 93.2% | 11/23/2013 | 12,711 | ||||||||||||
Loan | 3 | Excelsior Crossings | 7.1% | NAP | NAP | NAP | NAP | 100.0% | 03/06/2014 | 10,450 | ||||||||||||
Loan | 4 | AMC Portfolio Pool II | 7.1% | 92.2% | 11/01/2013 | 251,656 | Springing | |||||||||||||||
Property | 4.01 | Pine Lakes Ranch | 3.7% | NAP | NAP | NAP | NAP | 87.0% | 11/01/2013 | |||||||||||||
Property | 4.02 | Countryside Village of Denver | 1.8% | NAP | NAP | NAP | NAP | 96.8% | 11/01/2013 | |||||||||||||
Property | 4.03 | Countryside Village of Longmont | 1.6% | NAP | NAP | NAP | NAP | 100.0% | 11/01/2013 | |||||||||||||
Loan | 5 | Omni Royal Orleans | 5.3% | NAP | NAP | NAP | NAP | 76.8% | 11/30/2013 | 1/12 of 4.0% of prior year’s Gross Income | ||||||||||||
Loan | 6 | One North State Street | 4.8% | 02/28/2017 | Dunkin Donuts | 3,720 | 10/31/2020 | 97.9% | 10/31/2013 | 2,131 | ||||||||||||
Loan | 7 | Embassy Suites - Anaheim(31) | 4.0% | NAP | NAP | NAP | NAP | 81.0% | 12/31/2013 | 1,093,858 | 1/12 of 5.0% of prior year’s Gross Income | |||||||||||
Loan | 8 | Canyon Crossing(31) | 3.6% | 03/31/2018 | Howard’s Appliances | 18,293 | 03/31/2018 | 92.5% | 10/01/2013 | 3,699 | ||||||||||||
Loan | 9 | 53 Broadway | 3.0% | NAP | NAP | NAP | NAP | 100.0% | 01/09/2014 | 1,563 | ||||||||||||
Loan | 10 | Valley Forge Shopping Center(29) | 2.8% | 04/30/2017 | Peppers | 6,592 | 06/30/2016 | 91.5% | 12/31/2013 | 2,630 | ||||||||||||
Loan | 11 | Tops Markets Grocery Anchored Portfolio | 2.8% | 90.6% | 01/17/2014 | 16,810 | ||||||||||||||||
Property | 11.01 | Youngmann Plaza | 1.0% | 12/31/2015 | Texas Roadhouse | 7,245 | 03/31/2016 | 91.7% | 01/17/2014 | |||||||||||||
Property | 11.02 | Tops Plaza - Tonawanda(29) | 0.6% | 04/30/2014 | Supercuts | 2,000 | 10/31/2018 | 95.0% | 01/17/2014 | |||||||||||||
Property | 11.03 | Tops Plaza - Elmira(29) | 0.5% | NAP | NAP | NAP | NAP | 92.4% | 01/17/2014 | |||||||||||||
Property | 11.04 | Tops Plaza - Arcade | 0.3% | 12/31/2020 | Subway | 1,500 | 05/31/2015 | 85.9% | 01/17/2014 | |||||||||||||
Property | 11.05 | Tops Plaza - Avon | 0.2% | 03/31/2017 | Subway | 1,500 | 06/30/2018 | 87.7% | 01/17/2014 | |||||||||||||
Property | 11.06 | Tops Plaza - Hamlin | 0.2% | 04/30/2017 | NAP | NAP | NAP | 85.2% | 01/17/2014 | |||||||||||||
Loan | 12 | Clemson Student Housing(31) | 2.7% | 95.3% | 09/30/2013 | 7,275 | ||||||||||||||||
Property | 12.01 | Highpointe | 1.7% | NAP | NAP | NAP | NAP | 95.8% | 09/30/2013 | |||||||||||||
Property | 12.02 | The Pier | 1.0% | NAP | NAP | NAP | NAP | 94.3% | 09/30/2013 | |||||||||||||
Loan | 13 | FedEx Distribution - Natick(31) | 2.5% | NAP | NAP | NAP | NAP | 100.0% | 02/07/2014 | 1,443 | 1,443 | |||||||||||
Loan | 14 | 500 Jefferson | 2.5% | 11/14/2015 | J&M Café | 2,051 | 07/31/2017 | 96.3% | 10/01/2013 | Springing | ||||||||||||
Loan | 15 | Creekside Mixed Use Development | 2.0% | 10/31/2022 | Local Cantina | 5,682 | 07/31/2023 | 96.5% | 10/31/2013 | 3,206 | ||||||||||||
Loan | 16 | Amcor Rigid Plastics | 1.9% | NAP | NAP | NAP | NAP | 100.0% | 03/06/2014 | Springing | ||||||||||||
Loan | 17 | LA Fitness Portfolio | 1.3% | 100.0% | 02/12/2014 | |||||||||||||||||
Property | 17.01 | LA Fitness - Palumbo | 0.5% | NAP | NAP | NAP | NAP | 100.0% | 02/12/2014 | |||||||||||||
Property | 17.02 | LA Fitness - Wellington | 0.4% | NAP | NAP | NAP | NAP | 100.0% | 02/12/2014 | |||||||||||||
Property | 17.03 | LA Fitness - Edge O Lake | 0.4% | NAP | NAP | NAP | NAP | 100.0% | 02/12/2014 | |||||||||||||
Loan | 18 | Sherman Multifamily Portfolio | 1.3% | 93.3% | 11/20/2013 | 2,061 | ||||||||||||||||
Property | 18.01 | 5326 South Greenwood Avenue | 0.5% | NAP | NAP | NAP | NAP | 92.9% | 11/20/2013 | |||||||||||||
Property | 18.02 | 4850 South Drexel Avenue | 0.4% | NAP | NAP | NAP | NAP | 97.6% | 11/20/2013 | |||||||||||||
Property | 18.03 | 5416 South Woodlawn Avenue | 0.3% | NAP | NAP | NAP | NAP | 88.9% | 11/20/2013 | |||||||||||||
Loan | 19 | Beltway 8 Corporate Centre I | 1.2% | NAP | NAP | NAP | NAP | 100.0% | 01/01/2014 | 2,854 | ||||||||||||
Loan | 20 | Avnet Building | 1.2% | NAP | NAP | NAP | NAP | 100.0% | 03/06/2014 | Springing | ||||||||||||
Loan | 21 | Garden Hill Apartments Portfolio(28) | 1.1% | 91.4% | 11/30/2013 | 228,400 | 19,433 | |||||||||||||||
Loan | 22 | Airline Shopping Center | 1.1% | 02/28/2019 | Friends Hair Salon | 1,465 | 07/31/2017 | 96.9% | 02/06/2014 | 1,683 | 1,683 | |||||||||||
Loan | 23 | Cobblestone Grove | 1.0% | NAP | NAP | NAP | NAP | 93.5% | 01/03/2014 | 7,738 | ||||||||||||
Loan | 24 | Grand Lifestyle MHC Portfolio | 1.0% | 82.6% | Various | 2,521 | ||||||||||||||||
Property | 24.01 | Lakeside Village | 0.6% | NAP | NAP | NAP | NAP | 90.9% | 11/07/2013 | |||||||||||||
Property | 24.02 | Ridgecrest Resort Community | 0.3% | NAP | NAP | NAP | NAP | 84.4% | 12/16/2013 | |||||||||||||
Property | 24.03 | Maple Corner | 0.1% | NAP | NAP | NAP | NAP | 53.6% | 01/01/2014 | |||||||||||||
Loan | 25 | 300 East 23rd Street | 1.0% | NAP | NAP | NAP | NAP | 100.0% | 03/06/2014 | �� | Springing | |||||||||||
Loan | 26 | Hood Commons(29) | 0.9% | 05/31/2017 | Hallmark | 5,000 | 01/31/2018 | 83.2% | 11/15/2013 | 1,250,000 | Springing | |||||||||||
Loan | 27 | Ramada Rockville Center | 0.9% | NAP | NAP | NAP | NAP | 72.6% | 10/31/2013 | 1/12 of 4.0% of prior year’s Gross Income | ||||||||||||
Loan | 28 | Turnpike Square | 0.8% | 12/31/2015 | Once Upon a Child | 5,970 | 12/31/2020 | 94.7% | 12/07/2013 | 2,197 | ||||||||||||
Loan | 29 | The Corner at Westshore Phase II | 0.8% | 01/14/2024 | Pei Wei Asian Diner, LLC | 3,098 | 05/06/2024 | 100.0% | 02/05/2014 | 331 | ||||||||||||
Loan | 30 | Tech Square Parking Garage | 0.8% | NAP | NAP | NAP | NAP | NAP | NAP | 4,204 | ||||||||||||
Loan | 31 | Waynesville Commons(29) | 0.8% | 12/31/2018 | GameStop | 1,500 | 01/31/2017 | 100.0% | 12/27/2013 | 669 | ||||||||||||
Loan | 32 | Hampton Inn Rehoboth Beach | 0.8% | NAP | NAP | NAP | NAP | 73.2% | 10/31/2013 | 1/12 of 4.0% of prior year’s Gross Income | ||||||||||||
Loan | 33 | Valley Park Commons | 0.8% | 04/30/2018 | CiCi’s Pizza | 5,200 | 02/28/2015 | 100.0% | 10/16/2013 | 1,116 | ||||||||||||
Loan | 34 | Walgreens - Uniondale | 0.7% | NAP | NAP | NAP | NAP | 100.0% | 03/06/2014 | Springing | ||||||||||||
Loan | 35 | Willow Creek Shopping Center | 0.7% | 06/30/2020 | Yavapai Humane Society Thrift Store | 4,800 | 11/30/2014 | 95.9% | 01/20/2014 | 1,424 | ||||||||||||
Loan | 36 | Sturtevant Industrial | 0.7% | NAP | NAP | NAP | NAP | 100.0% | 12/30/2013 | 1,641 | 1,641 | |||||||||||
Loan | 37 | 950 Haverford | 0.6% | 01/31/2016 | Carole Bogdanoff & S. Anderer | 848 | 01/31/2015 | 96.2% | 01/15/2014 | 853 | ||||||||||||
Loan | 38 | StorQuest-Torrance | 0.6% | NAP | NAP | NAP | NAP | 92.2% | 12/03/2013 | 1,201 | ||||||||||||
Loan | 39 | Fountains at Lindenwoods Apartments | 0.5% | NAP | NAP | NAP | NAP | 90.7% | 11/01/2013 | 5,025 | ||||||||||||
Loan | 40 | GRM Arlington | 0.5% | NAP | NAP | NAP | NAP | 100.0% | 03/06/2014 | 4,732 | ||||||||||||
Loan | 41 | Summer Lake Estates | 0.5% | NAP | NAP | NAP | NAP | 98.3% | 11/18/2013 | 1,475 | ||||||||||||
Loan | 42 | Santan Gateway | 0.5% | 07/31/2015 | Porkopolis | 3,000 | 12/31/2022 | 96.3% | 09/19/2013 | 100,000 | 712 | |||||||||||
Loan | 43 | Forest Hills Apartments | 0.5% | NAP | NAP | NAP | NAP | 91.7% | 10/31/2013 | 5,000 | ||||||||||||
Loan | 44 | Apache Trace Apartments | 0.5% | NAP | NAP | NAP | NAP | 100.0% | 01/20/2014 | 3,500 | 3,500 | |||||||||||
Loan | 45 | Rosewood Shopping Center | 0.4% | 08/31/2019 | Rosewood Pub/Taylor-Boik | 2,000 | 03/31/2014 | 73.4% | 01/01/2014 | 1,248 | ||||||||||||
Loan | 46 | Cross Creek Apartments | 0.4% | NAP | NAP | NAP | NAP | 96.6% | 01/28/2014 | 7,981 | ||||||||||||
Loan | 47 | Arlington Farms Apartments | 0.4% | NAP | NAP | NAP | NAP | 90.5% | 11/25/2013 | 4,256 | ||||||||||||
Loan | 48 | Savers Plaza | 0.4% | 03/31/2018 | Ratipak Changaroon | 2,800 | 05/31/2015 | 92.7% | 12/06/2013 | 1,165 | ||||||||||||
Loan | 49 | Aberdeen Pines | 0.4% | 04/30/2018 | NAP | NAP | NAP | 100.0% | 11/05/2013 | 770 | ||||||||||||
Loan | 50 | The Venetian Apartments | 0.4% | NAP | NAP | NAP | NAP | 100.0% | 10/31/2013 | 1,318 | ||||||||||||
Loan | 51 | Novi Industrial Building | 0.4% | NAP | NAP | NAP | NAP | 100.0% | 12/31/2013 | 1,302 | 1,302 |
A-1-19
COMM 2014-UBS2
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | Upfront | Monthly | ||||||||||||||||||||
Property | Initial Pool | Lease | Lease | Occupancy | Replacement | Replacement | ||||||||||||||||
Flag | ID | Property Name | Balance | Expiration(18) | 5th Largest Tenant(21)(22) | SF | Expiration(18) | Occupancy(19)(24) | As-of Date | Reserves($)(23) | Reserves ($)(25) | |||||||||||
Loan | 52 | MVP Parking Portfolio | 0.3% | 100.0% | 12/16/2013 | 1,000 | 1,000 | |||||||||||||||
Property | 52.01 | MVP Ft. Lauderdale | 0.1% | NAP | NAP | NAP | NAP | 100.0% | 12/16/2013 | |||||||||||||
Property | 52.02 | MVP Memphis 212 Poplar | 0.1% | NAP | NAP | NAP | NAP | 100.0% | 12/16/2013 | |||||||||||||
Property | 52.03 | MVP St. Louis | 0.1% | NAP | NAP | NAP | NAP | 100.0% | 12/16/2013 | |||||||||||||
Property | 52.04 | MVP Memphis 216 Court | 0.0% | NAP | NAP | NAP | NAP | 100.0% | 12/16/2013 | |||||||||||||
Loan | 53 | Dollar Self Storage | 0.3% | NAP | NAP | NAP | NAP | 77.5% | 11/20/2013 | 1,140 | 1,140 | |||||||||||
Loan | 54 | La Quinta Inn and Suites | 0.3% | NAP | NAP | NAP | NAP | 69.9% | 12/31/2013 | 5,713 | 1/12 of 4.0% of prior year’s Gross Income | |||||||||||
Loan | 55 | Meadows of Bloomington | 0.3% | NAP | NAP | NAP | NAP | 80.7% | 12/31/2013 | 996 | ||||||||||||
Loan | 56 | StorQuest Long Beach | 0.3% | NAP | NAP | NAP | NAP | 89.4% | 11/30/2013 | 711 | ||||||||||||
Loan | 57 | StorQuest Rancho Cucamonga | 0.3% | NAP | NAP | NAP | NAP | 81.1% | 12/03/2013 | 779 | ||||||||||||
Loan | 58 | Eaton Pines MHC | 0.2% | NAP | NAP | NAP | NAP | 84.4% | 11/30/2013 | 613 | ||||||||||||
Loan | 59 | Park Village | 0.2% | 04/30/2014 | Herbal Spa and Nails | 1,400 | 02/28/2017 | 97.5% | 02/06/2014 | 809 | 809 | |||||||||||
A-1-20
COMM 2014-UBS2
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | Upfront | Monthly | Upfront | Monthly | Upfront | Monthly | Upfront | |||||||||||||
Property | Initial Pool | TI/LC | TI/LC | Tax | Tax | Insurance | Insurance | Engineering | ||||||||||||
Flag | ID | Property Name | Balance | Reserves ($)(23)(26) | Reserves ($)(25)(26) | Reserves ($)(23) | Reserves ($)(25) | Reserves($)(23) | Reserves ($)(25) | Reserve($)(23) | ||||||||||
Loan | 1 | Google and Amazon Office Portfolio(30)(31) | 9.7% | 31,289,848 | 172,473 | Springing | ||||||||||||||
Property | 1.01 | Technology Corners | 6.3% | |||||||||||||||||
Property | 1.02 | Moffett Towers Building D | 3.5% | |||||||||||||||||
Loan | 2 | One Kendall Square(29)(30) | 9.7% | 5,137,394 | 169,814 | 1,103,422 | 275,856 | Springing | 114,713 | |||||||||||
Loan | 3 | Excelsior Crossings | 7.1% | 10,450 | Springing | Springing | ||||||||||||||
Loan | 4 | AMC Portfolio Pool II | 7.1% | 204,689 | 18,608 | Springing | 209,220 | |||||||||||||
Property | 4.01 | Pine Lakes Ranch | 3.7% | |||||||||||||||||
Property | 4.02 | Countryside Village of Denver | 1.8% | |||||||||||||||||
Property | 4.03 | Countryside Village of Longmont | 1.6% | |||||||||||||||||
Loan | 5 | Omni Royal Orleans | 5.3% | 49,035 | Springing | 369,771 | Springing | 27,665 | ||||||||||||
Loan | 6 | One North State Street | 4.8% | 744,418 | 89,330 | Springing | ||||||||||||||
Loan | 7 | Embassy Suites - Anaheim(31) | 4.0% | 53,887 | 60,640 | Springing | ||||||||||||||
Loan | 8 | Canyon Crossing(31) | 3.6% | 16,667 | 183,508 | 50,974 | 48,763 | 4,600 | ||||||||||||
Loan | 9 | 53 Broadway | 3.0% | 317,400 | 1,428 | 4,972 | 2,486 | 3,552 | 3,552 | |||||||||||
Loan | 10 | Valley Forge Shopping Center(29) | 2.8% | 721,999 | 6,100 | 242,399 | 43,331 | Springing | ||||||||||||
Loan | 11 | Tops Markets Grocery Anchored Portfolio | 2.8% | 15,621 | 105,000 | 87,548 | Springing | |||||||||||||
Property | 11.01 | Youngmann Plaza | 1.0% | |||||||||||||||||
Property | 11.02 | Tops Plaza - Tonawanda(29) | 0.6% | |||||||||||||||||
Property | 11.03 | Tops Plaza - Elmira(29) | 0.5% | |||||||||||||||||
Property | 11.04 | Tops Plaza - Arcade | 0.3% | |||||||||||||||||
Property | 11.05 | Tops Plaza - Avon | 0.2% | |||||||||||||||||
Property | 11.06 | Tops Plaza - Hamlin | 0.2% | |||||||||||||||||
Loan | 12 | Clemson Student Housing(31) | 2.7% | 47,817 | 47,817 | 53,098 | 8,639 | 19,375 | ||||||||||||
Property | 12.01 | Highpointe | 1.7% | |||||||||||||||||
Property | 12.02 | The Pier | 1.0% | |||||||||||||||||
Loan | 13 | FedEx Distribution - Natick(31) | 2.5% | Springing | Springing | |||||||||||||||
Loan | 14 | 500 Jefferson | 2.5% | 170,384 | Springing | Springing | Springing | 100,000 | ||||||||||||
Loan | 15 | Creekside Mixed Use Development | 2.0% | 8,138 | 216,898 | 38,389 | 10,880 | |||||||||||||
Loan | 16 | Amcor Rigid Plastics | 1.9% | Springing | Springing | Springing | ||||||||||||||
Loan | 17 | LA Fitness Portfolio | 1.3% | Springing | 36,698 | 13,950 | Springing | |||||||||||||
Property | 17.01 | LA Fitness - Palumbo | 0.5% | |||||||||||||||||
Property | 17.02 | LA Fitness - Wellington | 0.4% | |||||||||||||||||
Property | 17.03 | LA Fitness - Edge O Lake | 0.4% | |||||||||||||||||
Loan | 18 | Sherman Multifamily Portfolio | 1.3% | 53,380 | 7,024 | 23,784 | 2,244 | 5,625 | ||||||||||||
Property | 18.01 | 5326 South Greenwood Avenue | 0.5% | |||||||||||||||||
Property | 18.02 | 4850 South Drexel Avenue | 0.4% | |||||||||||||||||
Property | 18.03 | 5416 South Woodlawn Avenue | 0.3% | |||||||||||||||||
Loan | 19 | Beltway 8 Corporate Centre I | 1.2% | 10,492 | 38,218 | 28,102 | 12,014 | 6,007 | ||||||||||||
Loan | 20 | Avnet Building | 1.2% | 2,641,400 | Springing | Springing | Springing | |||||||||||||
Loan | 21 | Garden Hill Apartments Portfolio(28) | 1.1% | 109,204 | 54,602 | 93,046 | 19,576 | 303,451 | ||||||||||||
Loan | 22 | Airline Shopping Center | 1.1% | 3,208 | 3,208 | 54,316 | 18,105 | Springing | ||||||||||||
Loan | 23 | Cobblestone Grove | 1.0% | 141,973 | 21,511 | 49,966 | 5,810 | |||||||||||||
Loan | 24 | Grand Lifestyle MHC Portfolio | 1.0% | 85,872 | 17,174 | 15,096 | 5,806 | 7,270 | ||||||||||||
Property | 24.01 | Lakeside Village | 0.6% | |||||||||||||||||
Property | 24.02 | Ridgecrest Resort Community | 0.3% | |||||||||||||||||
Property | 24.03 | Maple Corner | 0.1% | |||||||||||||||||
Loan | 25 | 300 East 23rd Street | 1.0% | Springing | 1,403 | 540 | Springing | |||||||||||||
Loan | 26 | Hood Commons(29) | 0.9% | 750,000 | Springing | 39,373 | 39,373 | 9,413 | 2,046 | |||||||||||
Loan | 27 | Ramada Rockville Center | 0.9% | 68,534 | 22,845 | 12,313 | 4,736 | 13,750 | ||||||||||||
Loan | 28 | Turnpike Square | 0.8% | 8,788 | 56,840 | 28,420 | Springing | |||||||||||||
Loan | 29 | The Corner at Westshore Phase II | 0.8% | 198,110 | Springing | 2,745 | 2,745 | Springing | ||||||||||||
Loan | 30 | Tech Square Parking Garage | 0.8% | 993 | 14,351 | 14,351 | 2,059 | 2,059 | 3,083,744 | |||||||||||
Loan | 31 | Waynesville Commons(29) | 0.8% | 5,445 | 10,582 | 2,940 | 3,501 | 531 | ||||||||||||
Loan | 32 | Hampton Inn Rehoboth Beach | 0.8% | 15,867 | 2,267 | 9,370 | 1,874 | |||||||||||||
Loan | 33 | Valley Park Commons | 0.8% | 3,750 | 73,466 | 14,693 | Springing | 5,175 | ||||||||||||
Loan | 34 | Walgreens - Uniondale | 0.7% | Springing | Springing | |||||||||||||||
Loan | 35 | Willow Creek Shopping Center | 0.7% | 5,646 | 27,175 | 7,549 | 6,029 | 1,675 | 74,531 | |||||||||||
Loan | 36 | Sturtevant Industrial | 0.7% | 50,000 | Springing | 15,943 | 15,943 | 3,787 | 757 | |||||||||||
Loan | 37 | 950 Haverford | 0.6% | 500,000 | 2,132 | 63,000 | 13,417 | 8,712 | 792 | |||||||||||
Loan | 38 | StorQuest-Torrance | 0.6% | 31,905 | 7,976 | 5,356 | 462 | 24,825 | ||||||||||||
Loan | 39 | Fountains at Lindenwoods Apartments | 0.5% | 8,285 | 3,186 | 40,210 | 4,189 | 367,625 | ||||||||||||
Loan | 40 | GRM Arlington | 0.5% | 400,000 | 10,794 | 10,794 | Springing | |||||||||||||
Loan | 41 | Summer Lake Estates | 0.5% | 28,875 | 11,106 | 8,985 | 3,456 | |||||||||||||
Loan | 42 | Santan Gateway | 0.5% | 100,000 | 8,333 | 17,427 | 8,713 | 2,211 | 850 | 6,250 | ||||||||||
Loan | 43 | Forest Hills Apartments | 0.5% | 12,210 | 53,883 | 5,949 | ||||||||||||||
Loan | 44 | Apache Trace Apartments | 0.5% | 10,321 | 3,440 | Springing | 21,375 | |||||||||||||
Loan | 45 | Rosewood Shopping Center | 0.4% | 200,000 | 4,122 | 40,564 | 8,407 | Springing | 163,185 | |||||||||||
Loan | 46 | Cross Creek Apartments | 0.4% | 33,812 | 8,453 | 22,418 | 8,622 | 62,075 | ||||||||||||
Loan | 47 | Arlington Farms Apartments | 0.4% | 18,333 | 9,167 | 49,880 | 4,927 | 542,760 | ||||||||||||
Loan | 48 | Savers Plaza | 0.4% | 200,000 | Springing | 43,602 | 10,901 | 7,468 | 1,132 | 155,066 | ||||||||||
Loan | 49 | Aberdeen Pines | 0.4% | 3,081 | 3,859 | Springing | ||||||||||||||
Loan | 50 | The Venetian Apartments | 0.4% | 47,500 | 7,917 | 28,000 | 3,500 | |||||||||||||
Loan | 51 | Novi Industrial Building | 0.4% | Springing | Springing | Springing |
A-1-21
COMM 2014-UBS2
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | Upfront | Monthly | Upfront | Monthly | Upfront | Monthly | Upfront | |||||||||||||
Property | Initial Pool | TI/LC | TI/LC | Tax | Tax | Insurance | Insurance | Engineering | ||||||||||||
Flag | ID | Property Name | Balance | Reserves ($)(23)(26) | Reserves ($)(25)(26) | Reserves ($)(23) | Reserves ($)(25) | Reserves($)(23) | Reserves ($)(25) | Reserve($)(23) | ||||||||||
Loan | 52 | MVP Parking Portfolio | 0.3% | Springing | 3,067 | 511 | 26,800 | |||||||||||||
Property | 52.01 | MVP Ft. Lauderdale | 0.1% | |||||||||||||||||
Property | 52.02 | MVP Memphis 212 Poplar | 0.1% | |||||||||||||||||
Property | 52.03 | MVP St. Louis | 0.1% | |||||||||||||||||
Property | 52.04 | MVP Memphis 216 Court | 0.0% | |||||||||||||||||
Loan | 53 | Dollar Self Storage | 0.3% | 20,560 | 5,335 | 4,881 | 488 | |||||||||||||
Loan | 54 | La Quinta Inn and Suites | 0.3% | 4,878 | 4,878 | 12,255 | 2,042 | |||||||||||||
Loan | 55 | Meadows of Bloomington | 0.3% | 14,107 | 3,067 | 4,787 | 725 | 286,288 | ||||||||||||
Loan | 56 | StorQuest Long Beach | 0.3% | 16,743 | 3,349 | 6,697 | 532 | |||||||||||||
Loan | 57 | StorQuest Rancho Cucamonga | 0.3% | 14,731 | 3,683 | 6,364 | 549 | 4,125 | ||||||||||||
Loan | 58 | Eaton Pines MHC | 0.2% | 21,828 | 3,898 | 4,326 | 655 | 15,125 | ||||||||||||
Loan | 59 | Park Village | 0.2% | 2,021 | 2,021 | 26,003 | 5,201 | Springing | ||||||||||||
A-1-22
COMM 2014-UBS2
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | Other | Other | ||||||||
Property | Initial Pool | Reserves | Reserves | |||||||
Flag | ID | Property Name | Balance | ($)(21)(23)(25)(26) | Description(21)(23)(25)(26) | |||||
Loan | 1 | Google and Amazon Office Portfolio(30)(31) | 9.7% | Springing | Lease Sweep Reserve (Springing Monthly: Excess Cash Flow) | |||||
Property | 1.01 | Technology Corners | 6.3% | |||||||
Property | 1.02 | Moffett Towers Building D | 3.5% | |||||||
Loan | 2 | One Kendall Square(29)(30) | 9.7% | 673,135 | Free Rent Reserve (Upfront: 673,135); Lease Sweep Reserve (Springing Monthly: Excess Cash Flow) | |||||
Loan | 3 | Excelsior Crossings | 7.1% | Springing | Lease Sweep Reserve (Springing Monthly: Excess Cash Flow) | |||||
Loan | 4 | AMC Portfolio Pool II | 7.1% | |||||||
Property | 4.01 | Pine Lakes Ranch | 3.7% | |||||||
Property | 4.02 | Countryside Village of Denver | 1.8% | |||||||
Property | 4.03 | Countryside Village of Longmont | 1.6% | |||||||
Loan | 5 | Omni Royal Orleans | 5.3% | |||||||
Loan | 6 | One North State Street | 4.8% | Springing | Lease Sweep Reserve (Springing Monthly: Excess Cash Flow) | |||||
Loan | 7 | Embassy Suites - Anaheim(31) | 4.0% | |||||||
Loan | 8 | Canyon Crossing(31) | 3.6% | 2,089,756 | Phenix Salon Reserve: (Upfront: 2,000,000); Waba Reserve: (Upfront: 89,756); Easy Life Replacement Reserve: (Springing: 350,000) | |||||
Loan | 9 | 53 Broadway | 3.0% | 463,580 | Other Reserves (Upfront: 463,580); Commercial/Parking Rent (Monthly: Ongoing); Common Charges (Monthly: 1/12 of annual charges); Overage Payment (Springing Monthly) | |||||
Loan | 10 | Valley Forge Shopping Center(29) | 2.8% | 2,158,288 | Renovation Reserve (Upfront: 945,000); Sleepy’s Holdback Reserve (Upfront: 890,750); Rent Concession Reserve (Upfront: 322,538) | |||||
Loan | 11 | Tops Markets Grocery Anchored Portfolio | 2.8% | Springing | Lease Sweep Reserve (Springing Monthly: Excess Cash Flow) | |||||
Property | 11.01 | Youngmann Plaza | 1.0% | |||||||
Property | 11.02 | Tops Plaza - Tonawanda(29) | 0.6% | |||||||
Property | 11.03 | Tops Plaza - Elmira(29) | 0.5% | |||||||
Property | 11.04 | Tops Plaza - Arcade | 0.3% | |||||||
Property | 11.05 | Tops Plaza - Avon | 0.2% | |||||||
Property | 11.06 | Tops Plaza - Hamlin | 0.2% | |||||||
Loan | 12 | Clemson Student Housing(31) | 2.7% | 1,427,229 | HOA Reserve (Upfront: 37,563, Monthly: 37,563); Highpointe Rent Reserve (Upfront: 1,389,666; Monthly: semi-annual collection) | |||||
Property | 12.01 | Highpointe | 1.7% | |||||||
Property | 12.02 | The Pier | 1.0% | |||||||
Loan | 13 | FedEx Distribution - Natick(31) | 2.5% | |||||||
Loan | 14 | 500 Jefferson | 2.5% | Springing | Utility Reserve (Springing Monthly) | |||||
Loan | 15 | Creekside Mixed Use Development | 2.0% | 941,150 | Other Reserves (Upfront: 837,963); Ground Rent Reserve (Upfront: 86,520, Monthly: 1/12 of annual ground rent); School District Reserve (Upfront: 16,667, Monthly: 4,167) | |||||
Loan | 16 | Amcor Rigid Plastics | 1.9% | Springing | Lease Sweep Reserve (Springing Monthly: Excess Cash Flow) | |||||
Loan | 17 | LA Fitness Portfolio | 1.3% | |||||||
Property | 17.01 | LA Fitness - Palumbo | 0.5% | |||||||
Property | 17.02 | LA Fitness - Wellington | 0.4% | |||||||
Property | 17.03 | LA Fitness - Edge O Lake | 0.4% | |||||||
Loan | 18 | Sherman Multifamily Portfolio | 1.3% | |||||||
Property | 18.01 | 5326 South Greenwood Avenue | 0.5% | |||||||
Property | 18.02 | 4850 South Drexel Avenue | 0.4% | |||||||
Property | 18.03 | 5416 South Woodlawn Avenue | 0.3% | |||||||
Loan | 19 | Beltway 8 Corporate Centre I | 1.2% | 516,210 | Cameron Holdback Reserve (Upfront: 516,210); Lease Sweep Reserve (Springing Monthly: Excess Cash Flow) | |||||
Loan | 20 | Avnet Building | 1.2% | 1,862,187 | Free Rent Reserve (Upfront: 1,862,187); Ground Rent Reserve (Springing Monthly) | |||||
Loan | 21 | Garden Hill Apartments Portfolio(28) | 1.1% | |||||||
Loan | 22 | Airline Shopping Center | 1.1% | Springing | Major Tenant Reserve (Springing: 530,000) | |||||
Loan | 23 | Cobblestone Grove | 1.0% | 400,000 | Renovation Reserve | |||||
Loan | 24 | Grand Lifestyle MHC Portfolio | 1.0% | 3,000 | Environmental Reserve - Lakeside (Upfront: 3,000) | |||||
Property | 24.01 | Lakeside Village | 0.6% | |||||||
Property | 24.02 | Ridgecrest Resort Community | 0.3% | |||||||
Property | 24.03 | Maple Corner | 0.1% | |||||||
Loan | 25 | 300 East 23rd Street | 1.0% | 45,480 | Debt Service Reserve (Upfront: 45,480); Common Charges (Springing Monthly); Specified Tenant Rollover (Springing Monthly) | |||||
Loan | 26 | Hood Commons(29) | 0.9% | |||||||
Loan | 27 | Ramada Rockville Center | 0.9% | |||||||
Loan | 28 | Turnpike Square | 0.8% | Springing | Lease Sweep Reserve (Springing Monthly: Excess Cash Flow) | |||||
Loan | 29 | The Corner at Westshore Phase II | 0.8% | 1,884,411 | Holdback Reserve (Upfront: 1,800,000); Free Rent Reserve (Upfront: 84,411); Special Rollover Reserve (Springing Monthly: Excess Cash Flow) | |||||
Loan | 30 | Tech Square Parking Garage | 0.8% | 1,426,000 | Future Tenant Reserves (Upfront: 1,080,000); Ohio Food Dev LLC Tenant Reserve (Upfront: 346,000) | |||||
Loan | 31 | Waynesville Commons(29) | 0.8% | 196,809 | Environmental Reserve (Upfront: 151,200); NFIP Reserve (Upfront: 45,609) | |||||
Loan | 32 | Hampton Inn Rehoboth Beach | 0.8% | 1,089,000 | PIP Reserve (Upfront: 864,000); Seasonality Reserve (Upfront: 225,000, Monthly: Springing) | |||||
Loan | 33 | Valley Park Commons | 0.8% | Springing | Hobby Lobby Sweep Reserve (Springing Monthly: Excess Cash Flow) | |||||
Loan | 34 | Walgreens - Uniondale | 0.7% | Springing | Lease Sweep Reserve (Springing Monthly: Excess Cash Flow) | |||||
Loan | 35 | Willow Creek Shopping Center | 0.7% | 274,250 | Dunn Edwards Reserve (Upfront: 250,000); Zoning Compliance Reserve (Upfront: 24,250) | |||||
Loan | 36 | Sturtevant Industrial | 0.7% | Springing | Major Tenant Rollover Reserve (Springing Monthly: 13,161) | |||||
Loan | 37 | 950 Haverford | 0.6% | Springing | Lease Sweep Reserve (Springing Monthly: Excess Cash Flow); Rent Concession Reserve (Monthly: Springing) | |||||
Loan | 38 | StorQuest-Torrance | 0.6% | |||||||
Loan | 39 | Fountains at Lindenwoods Apartments | 0.5% | 63,929 | Fire Damage Repair Reserve | |||||
Loan | 40 | GRM Arlington | 0.5% | |||||||
Loan | 41 | Summer Lake Estates | 0.5% | 24,321 | HOA Fees (Upfront: 24,321, Monthly: Difference between (i) the HOA Fees Cap and (ii) the balance in the HOA Fee Agreement) | |||||
Loan | 42 | Santan Gateway | 0.5% | Springing | Major Tenant Rollover Reserve (Springing Monthly: Excess Cash Flow) | |||||
Loan | 43 | Forest Hills Apartments | 0.5% | |||||||
Loan | 44 | Apache Trace Apartments | 0.5% | |||||||
Loan | 45 | Rosewood Shopping Center | 0.4% | Springing | Lease Sweep Reserve (Springing Monthly: Excess Cash Flow) | |||||
Loan | 46 | Cross Creek Apartments | 0.4% | |||||||
Loan | 47 | Arlington Farms Apartments | 0.4% | |||||||
Loan | 48 | Savers Plaza | 0.4% | Springing | Savers/Empereon/Significant Tenant Rollover Reserve (Springing Monthly: Excess Cash Flow) | |||||
Loan | 49 | Aberdeen Pines | 0.4% | Springing | Major Tenant Reserve (Springing Monthly: Excess Cash Flow) | |||||
Loan | 50 | The Venetian Apartments | 0.4% | 150,000 | Earn-Out Reserve (Upfront:150,000) | |||||
Loan | 51 | Novi Industrial Building | 0.4% | 46,258 | Eberspaecher Reserve (Upfront: 46,258.20) |
A-1-23
COMM 2014-UBS2
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | Other | Other | ||||||||
Property | Initial Pool | Reserves | Reserves | |||||||
Flag | ID | Property Name | Balance | ($)(21)(23)(25)(26) | Description(21)(23)(25)(26) | |||||
Loan | 52 | MVP Parking Portfolio | 0.3% | |||||||
Property | 52.01 | MVP Ft. Lauderdale | 0.1% | |||||||
Property | 52.02 | MVP Memphis 212 Poplar | 0.1% | |||||||
Property | 52.03 | MVP St. Louis | 0.1% | |||||||
Property | 52.04 | MVP Memphis 216 Court | 0.0% | |||||||
Loan | 53 | Dollar Self Storage | 0.3% | |||||||
Loan | 54 | La Quinta Inn and Suites | 0.3% | |||||||
Loan | 55 | Meadows of Bloomington | 0.3% | |||||||
Loan | 56 | StorQuest Long Beach | 0.3% | |||||||
Loan | 57 | StorQuest Rancho Cucamonga | 0.3% | |||||||
Loan | 58 | Eaton Pines MHC | 0.2% | |||||||
Loan | 59 | Park Village | 0.2% | Springing | Major Tenant Reserve (Springing: 290,000) | |||||
A-1-24
COMM 2014-UBS2
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | Environmental | |||||||||||||
Property | Initial Pool | Report | Engineering | Loan | ||||||||||
Flag | ID | Property Name | Balance | Date | Report Date | Purpose | Sponsor(27) | |||||||
Loan | 1 | Google and Amazon Office Portfolio(30)(31) | 9.7% | Refinance | Joseph K. Paul; Jay Paul Revocable Living Trust | |||||||||
Property | 1.01 | Technology Corners | 6.3% | 11/17/2013 | 11/19/2013 | |||||||||
Property | 1.02 | Moffett Towers Building D | 3.5% | 11/19/2013 | 11/19/2013 | |||||||||
Loan | 2 | One Kendall Square(29)(30) | 9.7% | 01/03/2014 | 12/23/2013 | Acquisition | DivcoWest Fund IV REIT, LP | |||||||
Loan | 3 | Excelsior Crossings | 7.1% | 11/25/2013 | 12/02/2013 | Acquisition | Colony Financial, Inc. | |||||||
Loan | 4 | AMC Portfolio Pool II | 7.1% | Acquisition | RHP Properties, Inc.; NorthStar Realty Finance Corp. | |||||||||
Property | 4.01 | Pine Lakes Ranch | 3.7% | 12/18/2013 | 12/18/2013 | |||||||||
Property | 4.02 | Countryside Village of Denver | 1.8% | 12/18/2013 | 12/18/2013 | |||||||||
Property | 4.03 | Countryside Village of Longmont | 1.6% | 12/18/2013 | 12/18/2013 | |||||||||
Loan | 5 | Omni Royal Orleans | 5.3% | 11/25/2013 | 11/25/2013 | Refinance | Darryl D. Berger; Roger H. Ogden; Joseph A. Jaeger, Jr. | |||||||
Loan | 6 | One North State Street | 4.8% | 12/11/2013 | 12/11/2013 | Refinance | Isaac Shalom | |||||||
Loan | 7 | Embassy Suites - Anaheim(31) | 4.0% | 12/05/2013 | 12/06/2013 | Refinance | Richard H. Packard; Lauren Packard; Mark B. David | |||||||
Loan | 8 | Canyon Crossing(31) | 3.6% | 10/10/2013 | 10/10/2013 | Acquisition | William L. Hutchinson | |||||||
Loan | 9 | 53 Broadway | 3.0% | 10/23/2013 | 12/27/2013 | Acquisition | Jonathan Joels; Richard Kreisel-Kilstock | |||||||
Loan | 10 | Valley Forge Shopping Center(29) | 2.8% | 01/08/2014 | 01/08/2014 | Refinance | Andrew N. Heine | |||||||
Loan | 11 | Tops Markets Grocery Anchored Portfolio | 2.8% | Refinance | Cofinance, Inc.; James J. Maurer | |||||||||
Property | 11.01 | Youngmann Plaza | 1.0% | 08/01/2013 | 08/01/2013 | |||||||||
Property | 11.02 | Tops Plaza - Tonawanda(29) | 0.6% | 08/01/2013 | 08/01/2013 | |||||||||
Property | 11.03 | Tops Plaza - Elmira(29) | 0.5% | 08/01/2013 | 08/01/2013 | |||||||||
Property | 11.04 | Tops Plaza - Arcade | 0.3% | 08/01/2013 | 08/01/2013 | |||||||||
Property | 11.05 | Tops Plaza - Avon | 0.2% | 08/01/2013 | 08/01/2013 | |||||||||
Property | 11.06 | Tops Plaza - Hamlin | 0.2% | 08/01/2013 | 08/01/2013 | |||||||||
Loan | 12 | Clemson Student Housing(31) | 2.7% | Refinance | Thomas P. Winkopp; William W. Huss, Jr.; James N. Workman, Jr. | |||||||||
Property | 12.01 | Highpointe | 1.7% | 08/07/2013 | 08/07/2013 | |||||||||
Property | 12.02 | The Pier | 1.0% | 08/07/2013 | 08/08/2013 | |||||||||
Loan | 13 | FedEx Distribution - Natick(31) | 2.5% | 01/31/2014 | 01/30/2014 | Refinance | Robert J. Scannell Revocable Trust Dated September 9, 2002; Robert J. Scannell | |||||||
Loan | 14 | 500 Jefferson | 2.5% | 12/06/2013 | 12/04/2013 | Acquisition | Corporate Property Associates 17-Global Incorporated | |||||||
Loan | 15 | Creekside Mixed Use Development | 2.0% | 10/30/2013 | 10/31/2013 | Refinance | Laura A. Chappelle; Abbott Road Commons, L.L.C. | |||||||
Loan | 16 | Amcor Rigid Plastics | 1.9% | 12/20/2013 | 12/19/2013 | Acquisition | Gramercy Property Trust Inc. | |||||||
Loan | 17 | LA Fitness Portfolio | 1.3% | Acquisition | STORE Capital Corporation | |||||||||
Property | 17.01 | LA Fitness - Palumbo | 0.5% | 12/16/2013 | 12/16/2013 | |||||||||
Property | 17.02 | LA Fitness - Wellington | 0.4% | 12/16/2013 | 12/16/2013 | |||||||||
Property | 17.03 | LA Fitness - Edge O Lake | 0.4% | 12/16/2013 | 12/16/2013 | |||||||||
Loan | 18 | Sherman Multifamily Portfolio | 1.3% | Refinance | Lyrical-Antheus Realty Partners II, L.P. | |||||||||
Property | 18.01 | 5326 South Greenwood Avenue | 0.5% | 11/06/2013 | 11/05/2013 | |||||||||
Property | 18.02 | 4850 South Drexel Avenue | 0.4% | 11/06/2013 | 11/05/2013 | |||||||||
Property | 18.03 | 5416 South Woodlawn Avenue | 0.3% | 11/06/2013 | 11/05/2013 | |||||||||
Loan | 19 | Beltway 8 Corporate Centre I | 1.2% | 12/02/2013 | 12/03/2013 | Acquisition | Gulf United Investments Corporation | |||||||
Loan | 20 | Avnet Building | 1.2% | 12/06/2013 | 12/09/2013 | Acquisition | Corporate Property Associates 17-Global Incorporated | |||||||
Loan | 21 | Garden Hill Apartments Portfolio(28) | 1.1% | 11/21/2013; 11/25/2013 | 11/21/2013; 11/26/2013 | Refinance | Zvi M. Horowitz; Samuel Wertheimer; Mendel Wieder | |||||||
Loan | 22 | Airline Shopping Center | 1.1% | 01/20/2014 | 01/20/2014 | Refinance | Victory Real Estate Investments, LLC | |||||||
Loan | 23 | Cobblestone Grove | 1.0% | 12/03/2013 | 12/04/2013 | Acquisition | BCRE Brack Capital Real Estate Investments B.V. | |||||||
Loan | 24 | Grand Lifestyle MHC Portfolio | 1.0% | Acquisition | Owen Mark Sanderson; Ralph A. Principe | |||||||||
Property | 24.01 | Lakeside Village | 0.6% | 12/31/2013 | 12/31/2013 | |||||||||
Property | 24.02 | Ridgecrest Resort Community | 0.3% | 12/31/2013 | 12/31/2013 | |||||||||
Property | 24.03 | Maple Corner | 0.1% | 12/31/2013 | 12/31/2013 | |||||||||
Loan | 25 | 300 East 23rd Street | 1.0% | 11/07/2013 | 11/07/2013 | Acquisition | Jeffery J. Feil | |||||||
Loan | 26 | Hood Commons(29) | 0.9% | 09/11/2013 | 09/11/2013 | Acquisition | Elchonon Schwartz; Simon Singer; Jack D. Cohen | |||||||
Loan | 27 | Ramada Rockville Center | 0.9% | 10/15/2013 | 10/15/2013 | Refinance | Rajen Shah; Ochhav Shah | |||||||
Loan | 28 | Turnpike Square | 0.8% | 12/16/2013 | 12/17/2013 | Refinance | Elvira F. Petigrow; Stuart Glasser | |||||||
Loan | 29 | The Corner at Westshore Phase II | 0.8% | 12/05/2013 | 01/10/2014 | Refinance | Michael Klinger; Martin Berger; Arc Property Trust, Inc. | |||||||
Loan | 30 | Tech Square Parking Garage | 0.8% | 06/20/2013 | 06/20/2013 | Refinance | Robert Danial; Ariel Holdings, LLC | |||||||
Loan | 31 | Waynesville Commons(29) | 0.8% | 12/11/2013 | 12/11/2013 | Refinance | Lenora J. Petrarca | |||||||
Loan | 32 | Hampton Inn Rehoboth Beach | 0.8% | 12/03/2013 | 12/03/2013 | Acquisition | Randolph R. Palmer; Barry R. Gosnell; Scott Taylor | |||||||
Loan | 33 | Valley Park Commons | 0.8% | 12/16/2013 | 12/11/2013 | Acquisition | Eron Sodie; Isaac Pretter | |||||||
Loan | 34 | Walgreens - Uniondale | 0.7% | 12/23/2013 | 12/20/2013 | Acquisition | Ramamohana Kancherla; Krishna Kancherla | |||||||
Loan | 35 | Willow Creek Shopping Center | 0.7% | 12/02/2013 | 12/02/2013 | Refinance | Brian Shirken; Richard A. Margolis | |||||||
Loan | 36 | Sturtevant Industrial | 0.7% | 01/06/2014 | 01/02/2014 | Refinance | John E. Shaffer | |||||||
Loan | 37 | 950 Haverford | 0.6% | 12/26/2013 | 12/27/2013 | Refinance | Keystone Property Fund Management, L.P. | |||||||
Loan | 38 | StorQuest-Torrance | 0.6% | 11/21/2013 | 11/21/2013 | Refinance | William W. Hobin; Clark W. Porter; Timothy B. Hobin | |||||||
Loan | 39 | Fountains at Lindenwoods Apartments | 0.5% | 11/07/2013 | 10/31/2013 | Acquisition | Robert Davidson; myRetirementASSETS | |||||||
Loan | 40 | GRM Arlington | 0.5% | 11/25/2013 | 11/25/2013 | Acquisition | Moishe Mana | |||||||
Loan | 41 | Summer Lake Estates | 0.5% | 10/23/2013 | 10/23/2013 | Acquisition | Yair Wolff | |||||||
Loan | 42 | Santan Gateway | 0.5% | 10/15/2013 | 10/15/2013 | Acquisition | James Zeiter; Michael Montandon; Grant Tayrien; Eliya Shahmoon; Various Zeiter family trusts | |||||||
Loan | 43 | Forest Hills Apartments | 0.5% | 12/02/2013 | 12/02/2013 | Refinance | David W. Black | |||||||
Loan | 44 | Apache Trace Apartments | 0.5% | 01/31/2014 | 01/31/2014 | Refinance | C. Robert Nicolls, II | |||||||
Loan | 45 | Rosewood Shopping Center | 0.4% | 11/04/2013 | 11/01/2013 | Refinance | Benjamin Bequer | |||||||
Loan | 46 | Cross Creek Apartments | 0.4% | 01/08/2014 | 01/08/2014 | Acquisition | Nova Eagle Multifamily Property Fund II, LLC | |||||||
Loan | 47 | Arlington Farms Apartments | 0.4% | 12/19/2013 | 12/18/2013 | Refinance | Monte K. Lee-Wen | |||||||
Loan | 48 | Savers Plaza | 0.4% | 10/24/2013 | 10/23/2013 | Refinance | Jeffrey T. Hawke; Joel A. Moyes; Jeffrey T. Hawke Trust; Fully Amended and Restated Moyes Family Revocable Trust | |||||||
Loan | 49 | Aberdeen Pines | 0.4% | 07/03/2013 | 06/26/2013 | Acquisition | Jonathan P. Rosen | |||||||
Loan | 50 | The Venetian Apartments | 0.4% | 09/10/2013 | 09/10/2013 | Refinance | Jacob Elharar | |||||||
Loan | 51 | Novi Industrial Building | 0.4% | 12/06/2013 | 12/05/2013 | Acquisition | Gladstone Commercial Corporation |
A-1-25
COMM 2014-UBS2
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | Environmental | |||||||||||||
Property | Initial Pool | Report | Engineering | Loan | ||||||||||
Flag | ID | Property Name | Balance | Date | Report Date | Purpose | Sponsor(27) | |||||||
Loan | 52 | MVP Parking Portfolio | 0.3% | Recapitalization | Michael Shustek | |||||||||
Property | 52.01 | MVP Ft. Lauderdale | 0.1% | 10/15/2013 | 10/09/2013 | |||||||||
Property | 52.02 | MVP Memphis 212 Poplar | 0.1% | 10/15/2013 | 10/09/2013 | |||||||||
Property | 52.03 | MVP St. Louis | 0.1% | 10/15/2013 | 11/07/2013 | |||||||||
Property | 52.04 | MVP Memphis 216 Court | 0.0% | 10/15/2013 | 10/09/2013 | |||||||||
Loan | 53 | Dollar Self Storage | 0.3% | 12/06/2013 | 12/09/2013 | Refinance | The Thomson Family Trust, Dated June 18,1997; John C. Thomson | |||||||
Loan | 54 | La Quinta Inn and Suites | 0.3% | 09/24/2013 | 09/24/2013 | Refinance | Mahesh R. Patel | |||||||
Loan | 55 | Meadows of Bloomington | 0.3% | 10/01/2013 | 11/08/2013 | Refinance | Kamal H. Shouhayib; Kamal H. Shouhayib as Trustee of the Kamal Shouhayib Trust | |||||||
Loan | 56 | StorQuest Long Beach | 0.3% | 12/12/2013 | 12/13/2013 | Refinance | Michael Arthur Linkletter | |||||||
Loan | 57 | StorQuest Rancho Cucamonga | 0.3% | 11/21/2013 | 11/21/2013 | Refinance | William W. Hobin; Clark W. Porter; Timothy B. Hobin | |||||||
Loan | 58 | Eaton Pines MHC | 0.2% | 10/29/2013 | 10/30/2013 | Refinance | Kamal H. Shouhayib; Kamal H. Shouhayib as Trustee of the Kamal Shouhayib Trust | |||||||
Loan | 59 | Park Village | 0.2% | 01/20/2014 | 01/21/2014 | Refinance | Victory Real Estate Investments, LLC | |||||||
A-1-26
COMM 2014-UBS2
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | Existing | Future Debt | |||||||||||
Property | Initial Pool | Additional Debt | Permitted | ||||||||||
Flag | ID | Property Name | Balance | Guarantor(27) | Amount | Existing Additional Debt Description | Type | ||||||
Loan | 1 | Google and Amazon Office Portfolio(30)(31) | 9.7% | Joseph K. Paul; Jay Paul Revocable Living Trust | 400,000,000 | $332.2 Million Pari Passu Debt; $67.8 Million Mezzanine Debt | NAP | ||||||
Property | 1.01 | Technology Corners | 6.3% | ||||||||||
Property | 1.02 | Moffett Towers Building D | 3.5% | ||||||||||
Loan | 2 | One Kendall Square(29)(30) | 9.7% | DivcoWest Fund IV REIT, LP | 83,000,000 | $83.0 Million Pari Passu Debt | Mezzanine | ||||||
Loan | 3 | Excelsior Crossings | 7.1% | Colony Financial, Inc. | None | NAP | |||||||
Loan | 4 | AMC Portfolio Pool II | 7.1% | Ross H. Partrich | None | Mezzanine | |||||||
Property | 4.01 | Pine Lakes Ranch | 3.7% | ||||||||||
Property | 4.02 | Countryside Village of Denver | 1.8% | ||||||||||
Property | 4.03 | Countryside Village of Longmont | 1.6% | ||||||||||
Loan | 5 | Omni Royal Orleans | 5.3% | Darryl D. Berger; Roger H. Ogden; Joseph A. Jaeger, Jr. | None | NAP | |||||||
Loan | 6 | One North State Street | 4.8% | Isaac Shalom | None | NAP | |||||||
Loan | 7 | Embassy Suites - Anaheim(31) | 4.0% | Richard H. Packard; Lauren Packard; Mark B. David | 10,000,000 | $10.0 Million Mezzanine Loan | NAP | ||||||
Loan | 8 | Canyon Crossing(31) | 3.6% | William L. Hutchinson | 5,960,000 | $5.96 Million Mezzanine Loan | NAP | ||||||
Loan | 9 | 53 Broadway | 3.0% | Jonathan Joels; Richard Kreisel-Kilstock | None | NAP | |||||||
Loan | 10 | Valley Forge Shopping Center(29) | 2.8% | Andrew N. Heine | None | NAP | |||||||
Loan | 11 | Tops Markets Grocery Anchored Portfolio | 2.8% | Cofinance, Inc.; James J. Maurer | None | NAP | |||||||
Property | 11.01 | Youngmann Plaza | 1.0% | ||||||||||
Property | 11.02 | Tops Plaza - Tonawanda(29) | 0.6% | ||||||||||
Property | 11.03 | Tops Plaza - Elmira(29) | 0.5% | ||||||||||
Property | 11.04 | Tops Plaza - Arcade | 0.3% | ||||||||||
Property | 11.05 | Tops Plaza - Avon | 0.2% | ||||||||||
Property | 11.06 | Tops Plaza - Hamlin | 0.2% | ||||||||||
Loan | 12 | Clemson Student Housing(31) | 2.7% | Thomas P. Winkopp; William W. Huss, Jr.; James N. Workman, Jr. | 3,000,000 | $3.0 Million Mezzanine Loan | NAP | ||||||
Property | 12.01 | Highpointe | 1.7% | ||||||||||
Property | 12.02 | The Pier | 1.0% | ||||||||||
Loan | 13 | FedEx Distribution - Natick(31) | 2.5% | Robert J. Scannell Revocable Trust Dated September 9, 2002; Robert J. Scannell | 3,500,000 | $3.5 Million Mezzanine Loan | NAP | ||||||
Loan | 14 | 500 Jefferson | 2.5% | Corporate Property Associates 17-Global Incorporated | None | NAP | |||||||
Loan | 15 | Creekside Mixed Use Development | 2.0% | Laura A. Chappelle; Abbott Road Commons, L.L.C. | None | Mezzanine | |||||||
Loan | 16 | Amcor Rigid Plastics | 1.9% | Gramercy Property Trust Inc. | None | NAP | |||||||
Loan | 17 | LA Fitness Portfolio | 1.3% | STORE Capital Corporation | None | NAP | |||||||
Property | 17.01 | LA Fitness - Palumbo | 0.5% | ||||||||||
Property | 17.02 | LA Fitness - Wellington | 0.4% | ||||||||||
Property | 17.03 | LA Fitness - Edge O Lake | 0.4% | ||||||||||
Loan | 18 | Sherman Multifamily Portfolio | 1.3% | Lyrical-Antheus Realty Partners II, L.P. | None | NAP | |||||||
Property | 18.01 | 5326 South Greenwood Avenue | 0.5% | ||||||||||
Property | 18.02 | 4850 South Drexel Avenue | 0.4% | ||||||||||
Property | 18.03 | 5416 South Woodlawn Avenue | 0.3% | ||||||||||
Loan | 19 | Beltway 8 Corporate Centre I | 1.2% | Gulf United Investments Corporation | None | NAP | |||||||
Loan | 20 | Avnet Building | 1.2% | Corporate Property Associates 17-Global Incorporated | None | NAP | |||||||
Loan | 21 | Garden Hill Apartments Portfolio(28) | 1.1% | Zvi M. Horowitz; Samuel Wertheimer; Mendel Wieder | None | NAP | |||||||
Loan | 22 | Airline Shopping Center | 1.1% | Victory Real Estate Investments, LLC | None | NAP | |||||||
Loan | 23 | Cobblestone Grove | 1.0% | BCRE Brack Capital Real Estate Investments B.V. | None | NAP | |||||||
Loan | 24 | Grand Lifestyle MHC Portfolio | 1.0% | Owen Mark Sanderson; Ralph A. Principe | None | NAP | |||||||
Property | 24.01 | Lakeside Village | 0.6% | ||||||||||
Property | 24.02 | Ridgecrest Resort Community | 0.3% | ||||||||||
Property | 24.03 | Maple Corner | 0.1% | ||||||||||
Loan | 25 | 300 East 23rd Street | 1.0% | Jeffery J. Feil | None | Mezzanine | |||||||
Loan | 26 | Hood Commons(29) | 0.9% | Elchonon Schwartz; Simon Singer; Jack D. Cohen | None | NAP | |||||||
Loan | 27 | Ramada Rockville Center | 0.9% | Rajen Shah; Ochhav Shah | None | NAP | |||||||
Loan | 28 | Turnpike Square | 0.8% | Elvira F. Petigrow; Stuart Glasser | None | NAP | |||||||
Loan | 29 | The Corner at Westshore Phase II | 0.8% | Michael Klinger; Martin Berger; Arc Property Trust, Inc. | None | NAP | |||||||
Loan | 30 | Tech Square Parking Garage | 0.8% | Robert Danial; Ariel Holdings, LLC | None | NAP | |||||||
Loan | 31 | Waynesville Commons(29) | 0.8% | Lenora J. Petrarca | None | NAP | |||||||
Loan | 32 | Hampton Inn Rehoboth Beach | 0.8% | Randolph R. Palmer; Barry R. Gosnell; Scott Taylor | None | NAP | |||||||
Loan | 33 | Valley Park Commons | 0.8% | Eron Sodie; Isaac Pretter | None | NAP | |||||||
Loan | 34 | Walgreens - Uniondale | 0.7% | Ramamohana Kancherla; Krishna Kancherla | None | NAP | |||||||
Loan | 35 | Willow Creek Shopping Center | 0.7% | Brian Shirken; Richard A. Margolis | None | NAP | |||||||
Loan | 36 | Sturtevant Industrial | 0.7% | John E. Shaffer | None | NAP | |||||||
Loan | 37 | 950 Haverford | 0.6% | Keystone Property Fund Management, L.P. | None | NAP | |||||||
Loan | 38 | StorQuest-Torrance | 0.6% | William W. Hobin; Clark W. Porter; Timothy B. Hobin | None | NAP | |||||||
Loan | 39 | Fountains at Lindenwoods Apartments | 0.5% | Robert Davidson; myRetirementASSETS | None | NAP | |||||||
Loan | 40 | GRM Arlington | 0.5% | Moishe Mana | None | NAP | |||||||
Loan | 41 | Summer Lake Estates | 0.5% | Yair Wolff | None | Mezzanine | |||||||
Loan | 42 | Santan Gateway | 0.5% | James Zeiter; Michael Montandon; Grant Tayrien; Eliya Shahmoon; Various Zeiter family trusts | None | NAP | |||||||
Loan | 43 | Forest Hills Apartments | 0.5% | David W. Black | None | NAP | |||||||
Loan | 44 | Apache Trace Apartments | 0.5% | C. Robert Nicolls, II | None | NAP | |||||||
Loan | 45 | Rosewood Shopping Center | 0.4% | Benjamin Bequer | None | Mezzanine | |||||||
Loan | 46 | Cross Creek Apartments | 0.4% | Nova Eagle Multifamily Property Fund II, LLC | None | NAP | |||||||
Loan | 47 | Arlington Farms Apartments | 0.4% | Monte K. Lee-Wen | None | Mezzanine | |||||||
Loan | 48 | Savers Plaza | 0.4% | Jeffrey T. Hawke; Joel A. Moyes; Jeffrey T. Hawke Trust; Fully Amended and Restated Moyes Family Revocable Trust | None | NAP | |||||||
Loan | 49 | Aberdeen Pines | 0.4% | Jonathan P. Rosen | None | NAP | |||||||
Loan | 50 | The Venetian Apartments | 0.4% | Jacob Elharar | None | NAP | |||||||
Loan | 51 | Novi Industrial Building | 0.4% | Gladstone Commercial Corporation | None | NAP |
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COMM 2014-UBS2
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | Existing | Future Debt | |||||||||||
Property | Initial Pool | Additional Debt | Permitted | ||||||||||
Flag | ID | Property Name | Balance | Guarantor(27) | Amount | Existing Additional Debt Description | Type | ||||||
Loan | 52 | MVP Parking Portfolio | 0.3% | Michael Shustek | None | NAP | |||||||
Property | 52.01 | MVP Ft. Lauderdale | 0.1% | ||||||||||
Property | 52.02 | MVP Memphis 212 Poplar | 0.1% | ||||||||||
Property | 52.03 | MVP St. Louis | 0.1% | ||||||||||
Property | 52.04 | MVP Memphis 216 Court | 0.0% | ||||||||||
Loan | 53 | Dollar Self Storage | 0.3% | The Thomson Family Trust, Dated June 18,1997; John C. Thomson | None | NAP | |||||||
Loan | 54 | La Quinta Inn and Suites | 0.3% | Mahesh R. Patel | None | NAP | |||||||
Loan | 55 | Meadows of Bloomington | 0.3% | Kamal H. Shouhayib; Kamal H. Shouhayib as Trustee of the Kamal Shouhayib Trust | None | NAP | |||||||
Loan | 56 | StorQuest Long Beach | 0.3% | Michael Arthur Linkletter | None | NAP | |||||||
Loan | 57 | StorQuest Rancho Cucamonga | 0.3% | William W. Hobin; Clark W. Porter; Timothy B. Hobin | None | NAP | |||||||
Loan | 58 | Eaton Pines MHC | 0.2% | Kamal H. Shouhayib; Kamal H. Shouhayib as Trustee of the Kamal Shouhayib Trust | None | NAP | |||||||
Loan | 59 | Park Village | 0.2% | Victory Real Estate Investments, LLC | None | NAP | |||||||
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FOOTNOTES TO ANNEX A-1
(1) | GACC—German American Capital Corporation or one of its affiliates; UBSRES—UBS Real Estate Securities Inc. or one of its affiliates; KeyBank—KeyBank National Association 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; UBSRES—UBS Real Estate Securities Inc. or one of its affiliates; KeyBank—KeyBank National Association 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 $120.0 million represent the non-controlling Note A-3 of a $452.2 million whole loan evidenced by four pari passu notes. The pari passu companion loans are the Note A-1 in the original principal amount of $155.0 million, which was included in the COMM 2014-CCRE14 mortgage trust, the Note A-2 in the original principal amount of $110.0 million, which was included in the COMM 2014-CCRE15 mortgage trust, and the Note A-4 in the original principal amount of $67.2 million (which may be further divided), which is expected to be held by GACC or an affiliate on the closing date. |
Loan No. 2 – One Kendall Square – The Original Balance and Cut-off Date Balance of $120.0 million represent the controlling Note A-1 of a $203.0 million whole loan evidenced by two pari passu notes. The pari passu companion loan is the Note A-2 in the original principal amount of $83.0 million (which may be further divided), which is expected to be held by GACC or an affiliate on the closing date.
(4) | With respect to any Mortgaged Property securing a multi property Mortgage Loan (other than Garden Hill Apartments Portfolio), the amounts listed under the headings “Original Balance” and “Cut-off Date Balance” reflect the Allocated Loan Amount related to such Mortgaged Property. |
Loan No. 21 – Garden Hill Apartments Portfolio – The Garden Hill Apartments Portfolio Mortgage Loan is one loan secured by nineteen Mortgaged Properties under a blank mortgage for the full loan amount without any allocated loan amount apportioned.
(5) | The Administrative Fee Rate includes the respective per annum rates applicable to the calculation of the master servicing fee, sub servicing fee, primary fee, trustee/certificate administrator fee, operating advisor fee and CREFC® license fee with respect to each Mortgage Loan, and with respect to any Non-Serviced Mortgage Loan, any related Pari Passu Loan Primary Servicing Fee Rate. |
(6) | Loan No. 14 – 500 Jefferson – The 500 Jefferson Mortgage Loan has an ARD feature with an anticipated repayment date of 1/6/2024, with a revised interest rate of 6.7500% for the period from the anticipated repayment date through the date on which the loan is paid in full (the “Adjusted Interest Rate”). From and after the anticipated repayment date, Excess Cash Flow will be applied first to reduce the outstanding principal amount of the Mortgage Loan, with any remaining amounts to be applied towards the accrued interest, and accrued interest not paid on a current basis will accrue interest at the Adjusted Interest Rate. From and after the anticipated repayment date, on any Monthly Payment Date, the borrower has the right to prepay the Mortgage Loan in minimum increments of $100,000.00. All such prepayments will be made from equity contributions of the borrower to be applied as follows: (i) first, to the reduction of the principal balance of the note, until the principal balance is reduced to zero, and (ii) second, to the payment of accrued interest. |
(7) | Loan No. 1 – Google and Amazon Office Portfolio – The Google and Amazon Office Portfolio Mortgage Loan amortizes on a planned amortization schedule provided in Annex H of this free writing prospectus. The Cut-off Date Balance, Maturity or ARD Balance, Monthly Debt Service, |
A-1-29
Annual Debt Service, Underwritten NOI DSCR and Underwritten NCF DSCR are based upon the planned amortization schedule. The Monthly Debt Service shown in Annex A-1 was calculated using the average of principal and interest payments over the first 12 months after the expiration of the interest only period. The pari passu companion loans also amortize on a planned amortization schedule. The Pari Passu Companion Loan Monthly Debt Service and Pari Passu Companion Loan Annual Debt Service shown in Annex A-1 was calculated using the average of principal and interest payments over the first 12 months after the expiration of the interest only period for the Google and Amazon Office Portfolio Loan Combination. Underwritten NOI DSCR and Underwritten NCF DSCR were calculated using the calculated average monthly debt service for the Google and Amazon Office Portfolio Loan Combination. |
Loan No. 13 – FedEx Distribution – Natick – Following the initial 36-month interest only period, the FedEx Distribution – Natick Mortgage Loan amortizes based on a non-standard 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, Annual Debt Service, Underwritten NOI DSCR and Underwritten NCF DSCR all reflect this non-standard amortization schedule. Annual Debt Service shown in Annex A-1 was calculated using the debt service for the tenth year of the Mortgage Loan (which was the year with the highest annual debt service during the term of the Mortgage Loan). Monthly Debt Service was calculated using the average of the Annual Debt Service over the corresponding loan year.
(8) | Monthly Debt Service, Annual Debt Service, Pari Passu Companion Loan Monthly Debt Service, Pari Passu Companion Loan Annual Debt Service, Underwritten NOI DSCR and Underwritten NCF DSCR for Mortgage Loans or Companion Loans with partial interest only periods are shown based on the monthly debt service payment immediately following the expiration of the interest only period. |
(9) | “Hard” generally means, with respect to the Lockbox, that each tenant is required to transfer its rent directly to the lender-controlled lockbox account. However, with respect to hospitality properties, “Hard” means all credit card receipts are deposited directly into the lockbox by the card processing company and all over-the-counter cash and equivalents are deposited by the property manager or borrower into the lockbox. “Soft” means the borrower has established a lockbox account that will be under lender control and the borrower or property manager must collect rents from the tenants and then deposit those rents into such lockbox account. “Springing Soft” means that upon the occurrence of a trigger event (as specified in the related Mortgage Loan documents), the borrower is required to establish a lockbox account that will be under lender control and the borrower or property manager is required to collect rents from the tenants and then deposit those rents into such lockbox account. “Springing Hard” means that upon a trigger event (as specified in the related Mortgage Loan documents), each tenant will be required to transfer its rent directly to a lender-controlled lockbox. “Soft Springing Hard” means that the borrower has established a lockbox account that will be under lender control and the borrower or property manager must collect rents from the tenants and then deposit those rents into such lockbox account. Upon a trigger event (as specified in the related Mortgage Loan documents), each tenant will be required to transfer its rent directly into a lender-controlled lockbox. |
(10) | “In Place” means, with respect to Cash Management, that related property cash flows go through a waterfall of required reserve or other payment amounts due before the lender either (i) disburses excess cash to the related borrower or (ii) retains excess cash as additional collateral for the Mortgage Loan. “Springing” means that upon the occurrence of a trigger event, as defined in the related Mortgage Loan documents, In Place cash management (as described above) will take effect, and will generally continue until all trigger events are cured (to the extent a cure is permitted under the related Mortgage Loan documents). |
(11) | Loan No. 1 – Google and Amazon Office Portfolio – The Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area are calculated based on the |
A-1-30
mortgage loan included in the Issuing Entity and the related pari passu companion loans in aggregate. |
Loan No. 2 – One Kendall Square – 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.
(12) | The grace periods noted under “Grace Period” reflect the number of days of grace before a payment default is an event of default. A grace period does not apply to a maturity date payment, except as set forth below. 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. |
Loan No. 4 – AMC Portfolio Pool II – The grace period does apply to a maturity date payment.
(13) | Loan No. 15 – Creekside Mixed Use Development – The “As-Stabilized” value dated April 18, 2014, is $33,800,000. The calculations of Cut-Off Date LTV Ratio and LTV Ratio at Maturity are based on the $33,800,000 value. Based on the “As Is” Appraised Value of $33,300,000 the Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD are 75.9% and 63.5%, respectively. |
Loan No. 32 – Hampton Inn Rehoboth Beach – Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD and Appraised Value are based on the “As Stabilized” value as of December 1, 2015. This value assumes, among other things, the completion of a $1.18 million PIP. Based on the “As Is” Appraised Value of $12,900,000, the Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD are 77.5% and 58.6%, respectively. This value assumes, among other things, the completion of the franchisor’s PIP (for which $864,000 was reserved at the Mortgage Loan’s closing).
Loan No. 47 – Arlington Farms Apartments – Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD and Appraised Value are based on the “As Complete” value, which value is based on completion of repairs to the foundation and other items that are estimated to cost approximately $321,000. At closing, the borrower deposited $542,760 into the engineering reserve to cover these repairs. Based on the “As Is” Appraised Value of $6,410,000, the Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD are 77.9% and 64.9%, respectively.
(14) | 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.
“DorYM(x)” means at the borrower’s option may be defeased for x payments or prepaid for x payments with the payment of a yield maintenance charge.
“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.
“YM2(x)” means may be prepaid for x payments with payment of the greater of a yield maintenance charge and 2% of the amount prepaid.
A-1-31
“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 26 payment dates beginning with and including the first payment date of February 6, 2014. Prepayment of the full $452.2 million Google and Amazon Office Portfolio Loan Combination with payment of a penalty equal to the greater of yield maintenance or 1% and is permitted after the date that is earlier to occur of (i) two years after the closing date of the securitization that includes the last pari passu note to be securitized, and (ii) February 6, 2017. For the purposes of this free writing prospectus, the assumed lockout period of 26 months is based on the expected COMM 2014-UBS2 securitization closing date in March 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 and as described in the free writing prospectus. See also, “Annex B—Description of the Top 20 Mortgage Loans—Google and Amazon Office Portfolio” in this free writing prospectus.
Loan No. 2 – One Kendall Square – The lockout period will be at least 25 payment dates beginning with and including the first payment date of March 6, 2014. Defeasance of the full $203.0 million One Kendall Square Loan Combination is permitted after the date that is earlier to occur of (i) two years after the closing date of the securitization that includes the last pari passu note to be securitized, and (ii) January 16, 2017. For the purposes of this free writing prospectus, the assumed lockout period of 25 months is based on the expected COMM 2014-UBS2 securitization closing date in March 2014. The actual lockout period may be longer.
Loan No. 3 – Excelsior Crossings – After the expiration of the defeasance lockout period, and in connection with the cure of a Lease Sweep Period resulting from a decline in Cargill’s (or the equivalent replacement tenant’s) credit rating below BBB+, the borrower may partially defease (without a related property release) the Mortgage Loan in an amount equal to $6,000,000, provided that such tenant’s credit rating has not declined below BBB- by any rating agency (in which case the Lease Sweep Period will be in effect).
Loan No. 4 – AMC Portfolio Pool II – After the expiration of the lockout period, the partial release of any Mortgaged Property parcels with payment of a yield maintenance premium is permitted provided the borrower satisfies certain conditions for release as set forth in the related mortgage loan documents and described in the free writing prospectus.
Loan No. 8 – Canyon Crossing – The Canyon Crossing Mortgage Loan allows the borrower to obtain the release of non-income producing portions of the Mortgaged Property, subject to the satisfaction of conditions set forth in the related mortgage loan documents and as described in the free writing prospectus. In addition, the borrower may, with respect to a single release parcel identified in the Mortgage Loan Documents, in lieu of prepaying a portion of the Mortgage Loan, obtain the release of such parcel (but only within nine months after the origination date of the Mortgage Loan) by paying the release price for such parcel, which amount will be held in a
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reserve account as security for the Mortgage Loan. The borrower is not permitted to request or direct disbursement of such reserve.
Loan No. 9 – 53 Broadway – After the expiration of the lockout period, the borrower may partially defease the Mortgage Loan and obtain the release of the commercial condominium unit in conjunction with a bona fide third party sale of the unit, provided, among other things, (i) the DSCR for the remaining property is no less than the greater of the DSCR immediately preceding such sale and 1.20x, (ii) the LTV for the remaining property is no more than the lesser of the LTV immediately preceding such sale and 62.4%, and (iii) the borrower delivers defeasance collateral in an amount equal to the greater of 100% of the net sales proceeds with respect to the commercial unit and 125% of the allocated loan amount for such unit.
Loan No. 11 – Tops Markets Grocery Anchored Portfolio – After the expiration of the lockout period, the borrower may obtain the release of any individual Mortgaged Property upon a bona fide third-party sale of such Mortgaged Property in connection with a prepayment with yield maintenance, subject to the conditions set forth in the related Mortgage Loan documents, as described in the free writing prospectus. In addition, the borrower may obtain the release of a non-income producing parcel at the Tops Plaza - Avon property, subject to the conditions set forth in the Mortgage Loan documents, as described in the free writing prospectus.
Loan No. 14 – 500 Jefferson – From and after the Anticipated Repayment Date, on any Monthly Payment Date, the borrower has the right to prepay the Mortgage Loan in minimum increments of $100,000. All such prepayments shall be made from equity contributions of the borrower to be applied as follows: (i) first, to the reduction of the principal balance of the note, until the principal balance is reduced to zero, and (ii) second, to the payment of accrued interest.
Loan No. 17 – LA Fitness Portfolio – Borrower shall be permitted to release one or more properties, provided the borrower, (i) delivers defeasance collateral in an amount equal to the greater of (a) 125% of allocated loan amount and (b) 80% of the net sale proceeds, (ii) the DSCR after release based upon the trailing 12 month period is equal to the greater of (a) the DSCR immediately prior to release and (b) 1.57x, and (iii) the LTV ratio after release is equal to the lesser of (a) the LTV ratio immediately prior to release and (b) 60.2%.
Loan No. 18 – Sherman Multifamily Portfolio – After expiration of the defeasance lockout period, the borrower may partially defease the Mortgage Loan and obtain the release of an individual mortgaged property subject to the satisfaction of certain conditions, including but not limited to: (i) the borrower delivers defeasance collateral in an amount equal to the Release Price; (ii) after giving effect to such release, the LTV ratio for the remaining property(ies) does not exceed the lesser of (A) 74.3%, and (B) the LTV Ratio (including the release property) immediately prior to the release; and (iii) after giving effect to such release, the DSCR for the remaining property(ies) for the immediately preceding trailing twelve (12) month period is at least equal to the greater of (A) 1.24x and (B) the DSCR for all of the mortgaged properties (including the release property) immediately prior to the release. The “Release Price” means, for the Greenwood Property, $7,991,607, for the Woodlawn Property, $5,343,227 and for the Drexel Property, $6,040,168.
Loan No. 24 – Grand Lifestyle MHC Portfolio – After expiration of the defeasance lockout period, the borrower may partially defease the Mortgage Loan and obtain the release of any individual Mortgaged Property from the lien of the related mortgage subject to the satisfaction of certain conditions including but not limited to: (i) the borrower delivers defeasance collateral in an amount equal to 125% of the allocated loan amount for such individual Mortgaged Property; (ii) such individual mortgaged Property is conveyed to a person or entity other than a borrower or any affiliate of the borrower; (iii) after giving effect to the release, the DSCR as determined by Lender for all remaining individual Mortgaged Properties is not less than the greater of (a) the DSCR for all individual Mortgaged Properties as of the closing of the mortgage loan and (b) the DSCR for all individual Mortgaged Properties (including the property to be released) as of the last date in the calendar quarter immediately preceding the release; and (iv) after giving effect to the
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release of such property, the LTV as determined by lender for all remaining individual Mortgaged Properties is not be greater than the lesser of (a) the LTV for all individual Mortgaged Properties as of the closing of the Mortgage Loan and (b) the LTV ratio for all individual Mortgaged Properties (including the property to be released) as of the late date of the calendar quarter immediately preceding the release.
Loan No. 29 – The Corner at Westshore Phase II – After the expiration of the defeasance lockout period, the borrower may partially defease the Mortgage Loan and obtain the release of one (but not both) of the release parcels upon a bona fide sale of such release parcel, provided, among other things, (i) there is no event of default, (ii) the DSCR for the remaining property is no less than the greater of the DSCR immediately preceding such sale and 1.39x, (iii) the LTV for the remaining property is no more than the lesser of the LTV immediately preceding such sale and 67%, and (iv) the borrower delivers defeasance collateral in an amount equal to the greater of 100% of net sales proceeds or the Allocated Loan Amount with respect to such release parcel. In addition, on any date after the expiration of the lockout period, the borrower may partially defease the Mortgage Loan in an amount equal to the amount of funds remaining in the Holdback Reserve. The Allocated Loan Amount means, for the Olive Garden release parcel, $5,360,000; and the for the Longhorn Steakhouse release parcel, $3,980,000.
Loan No. 52 – MVP Parking Portfolio - Borrower shall be permitted to release one or more properties on any date after the lockout period ends and the defeasance period begins, provided the borrower (i) delivers defeasance collateral in an amount equal to the greater of (a) 120% of the allocated loan amount and (b) 80% of the net sale proceeds of the applicable individual property, (ii) the DSCR after release based upon the trailing 12 month period is equal to the greater of (a) the DSCR immediately prior to release and (b) 2.03x, and (iii) the LTV ratio after release is equal to the lesser of (a) the LTV ratio immediately prior to release and (b) 43.3%.
(15) | Loan No. 27 – Ramada Rockville Center – The Ramada Rockville Center Mortgaged Property is structured with an operating lease between the fee owner and the lessee thereunder who operates and manages the Mortgaged Property. The fee owner and the operator are affiliate entities. The operator pays the license fees directly to the licensor and pays rent to the fee owner in an amount equal to the current debt service under the mortgage loan. Both entities are properly structured special purpose entities and are co-borrowers under the mortgage loan and, therefore, are jointly and severally liable for the debt and each has mortgaged its respective interest to lender pursuant to a fee and leasehold mortgage. |
(16) | 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. 15 – Creekside Mixed Use Development – The Creekside Mixed Use Development Mortgaged Property is subject to a 99-year ground lease under buildings B and C totaling 31,276 sq. ft. The lessor is the City of Gahanna, Ohio with the lease beginning in August 2007 and expiring in July 2106 with one 99-year option. The contract rental rate is $2.00 per sq. ft. of occupied space and common areas. The rate increases by the CPI during the previous calendar year in year 30 and the Lessor will pay for grounds and landscaping expenses.
Loan No. 20 – Avnet Building – The Avnet Building Property is subject to a sub-ground lease with Arizona State University Research Park, Inc., which ground leases the Avnet Building Property site from the fee owner of the land, Arizona Board of Regents, for $1.00 per sq. ft. per year plus its net proceeds from the development and operation of the leased premises during the preceding year. The ground lease commenced in October 1984 and expires December 2101. The sub-ground lease commenced in April 1999 and expires in December 2101. The current sub-ground lease payment to Arizona State University Research Park, Inc. is $302,108, which increases to $390,223 on the 21st lease year. In the 30th, 60th, and 90th years of the lease, the Landlord has the option to reset the rent to 10% of the fair market value of the land. The Lessee has the right
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to terminate the sub-ground lease as of the 30th lease year (April 2029) with 180 days’ notice. However, if the Landlord exercises the right to reset the rent in the 30th year based on the fair market value of the land, then the Lessee may terminate the lease after the determination of fair market value for annual rent. If the Lessee terminates the lease, the Landlord may require that the Lessee restore the land to its original condition or forfeit the improvements.
(17) | The following tenants that occupy 5% or greater of the net rentable area at the related Mortgaged Property are borrower affiliates: |
Loan No. 4 – AMC Portfolio Pool II – An affiliate of the borrower leases 143 pad sites from the borrower, which represents 10.1% of the AMC Portfolio Pool II Mortgaged Properties’ total pads.
Loan No. 15 – Creekside Mixed Use Development – The Largest Tenant, C-Suites Limited, is managed by the borrower affiliated management company and leases 7.6% of the net rentable area at the Mortgaged Property. C-Suites Limited currently leases 14,595 sq. ft. of space beginning May 1, 2010 within two suites. The current monthly base rent is $22,250 (average $1.52 per sq. ft.) and the lease remains flat over the term ending April 20, 2020. C-Suites Limited has two, five year options to renew and no termination options, co-tenancy clauses, or go dark clauses.
Loan No. 40 – GRM Arlington – The Largest Tenant, GRM, which is an affiliate of the borrower, leases 100.0% of the net rentable area at the GRM Arlington Mortgaged property.
Loan No. 55 – Meadows of Bloomington – An affiliate of the borrower leases 43 pad sites from the borrower, which represents 17.7% of the Meadows of Bloomington Mortgaged Property’s total pads.
Loan No. 58 – Eaton Pines MHC – An affiliate of the borrower leases 52 pad sites from the borrower, which represents 35.4% of the Eaton Pines MHC Mortgaged Property’s total pads.
(18) | 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. 14 – 500 Jefferson - The Largest Tenant, Kellogg Brown & Root, LLC has a one-time partial or full termination option effective March 30, 2026. The tenant must exercise the termination option no later than 12 months prior to the termination date. The tenant has a contraction option from and after June 30, 2015 which requires 12 months’ notice. No more than two floors on a cumulative basis may be terminated at the same time. The 2nd Largest Tenant, Lapin & Landa, LLP, has a one-time termination option if one of the principals of the tenant cease being an equity holder in Lapin & Landa, LLP or the number of employees of Lapin & Landa, LLP drops to five or fewer. Lapin & Landa, LLP must provide notice of termination by April 30, 2018. The 4th Largest Tenant, Richard L. Prinz, has a one-time termination option in the event of the death or total disability of the tenant within 90 days following receipt of notice. The notice to
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terminate must be provided within 6 months following the date of death or total disability. The 5th Largest Tenant, J&M Café, may terminate its lease with 30 days’ notice if the net rentable area occupancy of the 500 Jefferson Property falls below 30%.
Loan No. 20 – Avnet Building – The single tenant, Avnet, Inc., may terminate the lease as of February 1, 2022, with 12 months notice and a termination fee of $2,068,377.33 thereafter.
Loan No. 22 – Airline Shopping Center - The 3rd Largest Tenant, Radio Shack Corp. has the right to terminate its lease with 60 days prior notice if tenant sales are less than $600,000 for any Fiscal Year during the Lease Term. Radio Shack Corp. also has the right to terminate its lease upon 60 days’ notice or pay 3% of gross sales monthly for a period of 12 months after which, Radio Shack Corp. can terminate the lease or return to paying fixed minimum rent in the event (i) less than 50% of the property is occupied for a period of 6 months or (ii) Rouses discontinues operations and is not replaced within 6 months.
Loan No. 25 – 300 East 23rd Street – The single tenant, Duane Reade, has a one-time right to terminate its lease if the New York City Transit Authority and the City of New York exercise their right to utilize a portion of the premises during either of the two renewal terms, exercisable within 30 days after receipt of notice from borrower, to terminate the lease as of a date that is no later than 170 days after receipt by Duane Reade of borrower’s notice.
Loan No. 42 – Santan Gateway – The Largest Tenant, Strike Zone, has a termination option on the 40th month from the lease commencement date with an expiration period of 15 days to exercise the termination option.
Loan No. 59 – Park Village - The 2nd Largest Tenant, Aaron’s Sales and Lease Ownership has the right to terminate its lease with payment of three months’ rent and 180 days prior notice, which notice will start on the first day of the 10th month following the date the anchor, Dollar General Market, has completely vacated its premises and a replacement has not been secured within 270 days. The 4th Largest Tenant, H&R Block, has the right to terminate its lease with 30 days prior notice if the anchor, Dollar General Market, ceases to open for business for 90 days.
(19) | Loan No. 4 – AMC Portfolio Pool II – Occupancy includes 143 sponsor owned homes, which represents 10.1% of the AMC Portfolio Pool II Mortgaged Properties’ total pads. |
Loan No. 55 – Meadows of Bloomington – Occupancy includes 43 sponsor owned homes, which represents 17.7% of the Meadows of Bloomington Mortgaged Property’s total pads.
Loan No. 58 – Eaton Pines MHC – Occupancy includes 52 sponsor owned homes, which represents 35.4% of the Eaton Pines MHC Mortgaged Property’s total pads.
(20) | The following major tenants (listed on Annex A-1) are currently subleasing all or a significant portion of its leased space: |
Loan No. 40 – GRM Arlington – The Largest Tenant, GRM, currently subleases 100.0% of its net rentable area to Keller Warehousing & Distribution through September 2015.
Loan No. 52 – MVP Parking Portfolio – The Largest Tenant, Central Parking - 216 Court, currently subleases 100.0% of its net rentable area to First Tennessee Bank on a month-to-month basis.
(21) | 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): |
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Loan No. 2 – One Kendall Square – The 2nd Largest Tenant, Akamai Technologies, is in a free rent period under its lease through April 2014. At closing, the borrower reserved $652,323 related to this free rent.
Loan No. 10 – Valley Forge Shopping Center – The 3rd Largest Tenant, Michaels, has abated rent due under its lease through June 2014. At closing, the borrower reserved $51,058 related to this abated rent.
Loan No. 20 – Avnet Building – The Largest Tenant, Avnet, Inc., is entitled to abated rent from January 1st through April 30th for each of 2014, 2015 and 2016. At closing, the borrower reserved $1,862,187 related to this abated rent.
Loan No. 29 – The Corner at Westshore Phase II – The 3rd Largest Tenant, AT&T Mobility, has free and abated rent due under its lease through April 2014. The 5th Largest Tenant, Pei Wei Asian Diner, LLC, has free and abated rent due under its lease through May 2014. At closing, the borrower reserved $84,411 related to this free and abated rent. The following major tenants shown on Annex A-1 have signed leases but may or may not be open for business as of the Cut-off Date of the securitization.
(22) | Loan No. 1 – Google and Amazon Office Portfolio – The Largest Tenant at the Technology Corners Mortgaged Property, Google, has signed a lease for 700,328 sq. ft. with a rent commencement date of November 1, 2013. Google is still completing tenant improvements and is expected to take occupancy of its space by July 2014. The Largest Tenant at the Moffett Towers Building D Mortgaged Property, A2Z Development Center, Inc. (“A2Z”), a subsidiary of Amazon.com Inc., has signed a lease for 357,481 sq. ft. with a rent commencement date of March 1, 2014. A2Z is expected to complete its tenant improvements and build-out of floors three through eight of its space and take occupancy of those floors in March 2014, and is expected to take full occupancy in June 2014. |
Loan No. 10 – Valley Forge Shopping Center – The Largest Tenant, Target, which owns its improvements and operates under a ground lease, is currently under construction with build out estimated to be completed in April 2014 and open for business in summer 2014, with a rent commencing in April 2014.
Loan No. 19 – Beltway 8 Corporate Centre I – The Largest Tenant, Cameron International Corporation, began paying full unabated rent in January 2014 and is expected to take occupancy of its space in March 2014.
Loan No. 29 – The Corner at Westshore Phase II – The 3rd Largest Tenant, AT&T Mobility, took occupancy of its space in January 2014 and is expected to open for business in April 2014. The 5th Largest Tenant, Pei Wei Asian Diner, LLC took occupancy of its space in January 2014 and is expected to open for business in May 2014.
Loan No. 35 – Willow Creek Shopping Center – The 4th Largest Tenant, Dunn-Edwards Paints, has signed a lease for 5,550 sq. ft. The tenant is expected to open for business in July 2014.
Loan No. 37 – 950 Haverford – The Largest Tenant, Delta-T, has signed a lease for 5,711 sq. ft. of expansion space commencing in March 2014.
Loan No. 51 – Novi Industrial Building – For the first year of its lease Eberspaecher North America Inc paid rent on only 70,000 sq. ft. and for the second year it paid rent on 110,000 sq. ft. The tenant is required to take the entire 156,200 sq. ft. (100.0% of the NRA) on May 1, 2014. At origination the lender held back $46,258 in a rent holdback reserve, which represents the difference between contractual and underwritten rent between January 2014 and April 2014.
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(23) | All upfront reserve balances reflect the upfront reserve amount at loan origination. The current balance may be less than the amount shown. |
Loan No. 9 – 53 Broadway – Other Reserves consist of $229,910 deposited into the Multifamily Pre-Paid Rent & Concessions Reserve, $79,350 deposited into the Additional Commercial Income Reserve and $154,320 deposited into the Other Income Reserve.
Loan No. 15 – Creekside Mixed Use Development – Other Reserves consist of $405,081 deposited into the Renovation Reserve, $375,000 deposited into the Achievement Reserve and $57,882 deposited into the Rent Abatement Reserve.
Loan No. 15 – Creekside Mixed Use Development – At mortgage loan closing, $375,000 of loan proceeds was deposited in the Achievement Reserve and will be released upon certain conditions including 95.0% occupancy of the multifamily component, a DSCR greater than 1.30x for two consecutive quarters, and a 9.0% minimum debt yield.
Loan No. 29 – The Corner at Westshore Phase II – At mortgage loan closing, $1.8 million was deposited into the Holdback Reserve. Funds from the Holdback Reserve may be released to the borrower prior to the defeasance lockout expiration date, subject to, among other things, (i) the DSCR is at least 1.25x, (ii) the debt yield is at least 8.5% and (iii) all occupancy conditions for AT&T are met.
Loan No. 50 – The Venetian Apartments – The borrower reserved $150,000 at mortgage loan closing, which reserve amount will be disbursed to the borrower upon, among other things, delivery of a certificate of occupancy that states that the improvements consist of 63 units.
(24) | Loan No. 15 – Creekside Mixed Use Development – The collateral for the Creekside Mixed Use Development Loan includes 97,361 sq. ft. of commercial space and 93,664 sq. ft. of residential space, which includes 84 residential apartment units. Total NRA is 191,025 sq. ft. Loan per net rentable area is calculated based on the total NRA of 191,025 sq. ft. Occupancy is being calculated using a straight line average of residential and commercial vacancy. |
(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 – One Kendall Square – On or prior to December 31, 2019, the TI/LC reserve cap will be equal to $7,000,000. From January 1, 2020 and thereafter, the TI/LC reserve cap will be equal to $5,000,000.
Loan No. 4 – AMC Portfolio Pool II – 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 $5,904 into the replacement reserve, subject to a cap of $226,720.
Loan No. 8 – Canyon Crossing – In connection with the acquisition of the mortgaged property, an escrow (which is not security for the mortgage loan) was established to secure the performance of Easy Life Furniture, Inc., a tenant at the mortgaged property, under its lease. Pursuant to the related escrow agreement and the mortgage loan agreement, if any funds from such escrow are released to the borrower, the escrow agent will be required to deposit such funds directly into the clearing account. Upon the occurrence of certain events specified in such escrow agreement (including, without limitation, such tenant being more than 60 days in arrears in the payment of rent, or having gone dark for 15 consecutive days, or such tenant filing for bankruptcy protection), the borrower may elect to have the entire remaining portion of such escrow account disbursed; in such event, a portion of such funds up to the amount of $350,000 will be deposited into the TI/LC
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reserve account (to be applied to secure a new tenant for the space related to such lease) and any remainder of such funds will be deposited into a separate reserve account (to be paid to the borrower, in monthly installments equal to the amount of rent that such tenant would have paid, in accordance with the holdback agreement).
Loan No. 12 – Clemson Student Housing – The borrower deposited $1,389,666 for the Fall 2014 semester’s rent at the Highpointe Mortgaged Property in connection to the Bridge Program. The Bridge Program students are required to make semi-annual payments for rent. As a result, the borrower is required to make semi-annual deposits into the Highpointe Rent Reserve to coincide with the Fall and Spring rent payments.
Loan No. 15 – Creekside Mixed Use Development – The borrower will be required to deposit the amount of $10,880 into the Insurance Reserve on each monthly payment date through and including May 6, 2014. The borrower will be required to deposit the amount of $4,166.67 into the School District Account on each monthly payment date through and including August 6, 2017.
Loan No. 16 – Amcor Rigid Plastics – In the event the borrower fails to perform current and/or future replacements as determined by lender’s engineer, the loan documents provide for a “cash trap”, which amount will be deposited into the replacement reserve until such time that the replacement reserve contains 115.0% of the amount recommended by the engineer; provided however, the borrower may deliver an acceptable letter of credit in an amount equal to the estimated costs of replacement in lieu of monthly replacement deposits and “cash trap.”
Loan No. 16 – Amcor Rigid Plastics – In the event a cash trap is triggered related to a drop in the single tenant credit rating, the mortgage loan documents permit, in lieu of the commencement of the cash trap, to post a letter of credit in an amount equal to $16,000 per month for each month that has passed from the closing date of the mortgage loan until the tenant credit rating is at least BBB.
Loan No. 16 – Amcor Rigid Plastics – In the event a cash trap related to the Lease Sweep Period is triggered, the mortgage loan documents permit the borrower to terminate such “cash trap” by posting a letter of credit in an amount equal to $3,000,000.
Loan No. 22 – Airline Shopping Center – Borrower is required to deposit $300,000 into escrow 12 months prior to the expiration of Rouses’ lease and starting 6 months prior to the expiration, the lender will begin sweeping cash flow until an additional $230,000 is deposited into escrow. If the borrower does not escrow the initial $300,000, the lender will begin sweeping cash flow 12 months prior to the lease expiration date until $530,000 is deposited in escrow.
Loan No. 36 – Sturtevant Industrial – Unless a satisfactory BWAY lease renewal or replacement lease is delivered, beginning September 1, 2019 and monthly thereafter, $13,161 will be deposited into the Major Tenant Rollover Reserve. Furthermore, if by May 31, 2020 there is no BWAY lease renewal or replacement of lease, all excess cash will be swept into the Major Tenant Rollover Reserve. The balance of the Major Tenant Rollover Reserve will be capped at $500,000.
Loan No. 42 – Santan Gateway – The borrower is required to deposit monthly TI/LC reserves of (a) $8,333.33 from January 6, 2014 through January 6, 2016, (b) $5,000 from February 6, 2016 through December 6, 2023 (Maturity Date).
Loan No. 54 – La Quinta Inn and Suites – The required monthly replacement deposit will be equal to the greater of 1/12 of 4.0% of (i) the prior year’s gross income and (ii) the projected gross income of the following year.
Loan No. 59 – Park Village – The borrower is required to deposit $290,000 into escrow prior to the expiration of the Dollar General lease on November 29, 2023. Borrower is required to deposit
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$250,000 into escrow 12 months prior to the Dollar General expiration. Starting six months prior to the lease expiration, Lender will begin sweeping cash flow for the remaining amount. If borrower fails to escrow the initial $250,000, Lender will begin to sweep cash flow 12 months prior to lease expiration. Victory Real Estate Investments, LLC, will guarantee the balance of $290,000 in the Major Tenant Reserve on November 29, 2023.
(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 –The borrower is permitted to deliver to lender a letter of credit in an amount equal to $32,300,000 to prevent the trigger of a Lease Sweep Period (or if already triggered, to terminate such sweep), 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.
Loan No. 16 – Amcor Rigid Plastics – The borrower is permitted to deliver an acceptable letter of credit in an amount equal to the estimated costs of replacement in lieu of required monthly replacement reserves or in lieu of the sweep of excess cash flow as described below. In the event the borrower has failed to perform necessary required repairs as determined by lender’s engineer, the loan documents provide for a sweep of excess cash flow into the replacement reserve up to a cap of 115.0% of the amount recommended by the engineer.
Loan No. 16 – Amcor Rigid Plastics – In the event the single tenant credit rating falls below BBB, the borrower is permitted to deliver an acceptable letter of credit in an amount equal to $16,000 per month for each month that has passed from the closing date of the mortgage loan until the tenant credit rating is at least BBB in lieu of the commencement of the cash trap.
Loan No. 16 – Amcor Rigid Plastics – In the event a cash trap related to the Lease Sweep Period is triggered, the mortgage loan documents permit the borrower to terminate such “cash trap” by posting a letter of credit in an amount equal to $3,000,000.
Loan No. 17 – LA Fitness Portfolio – If a cash sweep is triggered by a bankruptcy action of the tenant, LA Fitness, this cash sweep event will be deemed cured, so long as each of the LA Fitness leases remain in full force and effect and LA Fitness is paying the same amount of contractual rent as if it had not been in bankruptcy, and upon the earlier of the following to occur (i) the rollover reserve account having a minimum balance of $1,375,520, or (ii) the guarantor providing a guarantee in an amount equal to $1,375,520, plus all costs and expenses incurred in connection with any re-tenanting of any Mortgaged Property following the disaffirmance or rejection of an LA Fitness lease in any bankruptcy proceeding, and meeting the additional requirements set forth in the loan documents, including certain net worth and liquidity requirements.
Loan No. 51 – Novi Industrial Building – The borrower is the beneficiary of an Eberspaecher $500,000 letter of credit, which lender can require that borrower assign to it. If the borrower draws on the letter of credit, the borrower must deposit the funds into the TI/LC Reserve.
Loan No. 59 – Park Village – The borrower is required to deposit $290,000 into escrow prior to the expiration of the Dollar General lease on November 29, 2023. Borrower is required to deposit $250,000 into escrow 12 months prior to the Dollar General expiration. Starting six months prior to the lease expiration, Lender will begin sweeping cash flow for the remaining amount. If borrower fails to escrow the initial $250,000, Lender will begin to sweep cash flow 12 months prior to lease expiration. Victory Real Estate Investments, LLC, will guarantee the balance of $290,000 in the Major Tenant Reserve on November 29, 2023.
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(27) | Loan No. 42 – Santan Gateway – The sponsors and guarantors of the Santan Gateway Loan are James Zeiter; Michael Montandon; Grant Tayrien; Eliya Shahmoon; The Exemption Trust of The James & Gayle A. Zeiter Family Trust; The Survivor’s Trust of the James & Gayle A. Zeiter Family Trust a/k/a The James Zeiter Trust. |
(28) | Loan No. 21 – Garden Hill Apartments Portfolio – The Garden Hill Apartments Portfolio Loan is comprised of nineteen properties with the following addresses in Hartford, Connecticut: |
28 Huntington Street
37 Huntington Street
41 Huntington Street
91 Huntington Street
45 Webster Street
53 Webster Street
59 Webster Street
86 Webster Street
148-152 Collins Street
165-167 Sigourney Street
169 Sigourney Street
175-177 Sigourney Street
179-181 Sigourney Street
183-185 Sigourney Street
191-193 and 195-197 Sigourney Street
196 Sigourney Street
198 Sigourney Street
199-201 Sigourney Street
205 Sigourney Street
37 Huntington Street
41 Huntington Street
91 Huntington Street
45 Webster Street
53 Webster Street
59 Webster Street
86 Webster Street
148-152 Collins Street
165-167 Sigourney Street
169 Sigourney Street
175-177 Sigourney Street
179-181 Sigourney Street
183-185 Sigourney Street
191-193 and 195-197 Sigourney Street
196 Sigourney Street
198 Sigourney Street
199-201 Sigourney Street
205 Sigourney Street
(29) | With respect to the Mortgaged Properties identified below, the lender is insured under an environmental insurance policy obtained (i) in lieu of obtaining a Phase II Environmental Site Assessment, (ii) in lieu of providing an indemnity or guaranty from a sponsor or (iii) to address environmental conditions or concerns. For additional information, see “Risk Factors—Risks Related to the Mortgage Loans—Potential Issuing Entity Liability Related to a Materially Adverse Environmental Condition” in this free writing prospectus. |
Loan No. | Mortgaged Properties | Mortgaged Property Cut-off Date Balance | % of Initial Outstanding Pool Balance | Maximum Policy Amount | Premium Paid in Full | Policy Expiration Date | ||||||||
2 | One Kendall Square | $120,000,000 | 9.7% | $10,000,000 | Yes | 1/15/2024 | ||||||||
10 | Valley Forge Shopping Center | $35,000,000 | 2.8% | $5,000,000 | Yes | 2/6/2024 | ||||||||
11.02 | Tops Plaza – Tonawanda(1) | $7,359,097 | 0.6% | $10,000,000 | Yes | 6/4/2020 | ||||||||
11.03 | Tops Plaza – Elmira(1) | $5,711,538 | 0.5% | $10,000,000 | Yes | 6/4/2020 | ||||||||
26 | Hood Commons | $11,203,565 | 0.9% | $3,000,000 | Yes | 11/21/2018 | ||||||||
31 | Waynesville Commons | $10,100,000 | 0.8% | $10,000,000 | Yes | 2/4/2024 |
(1) Insured under the same environmental policy. |
(30) | 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 | $120,000,000 | $332,200,000 | $452,200,000 | 1.40x | 66.6% | 9.0% | |||||||
2 | One Kendall Square | $120,000,000 | $83,000,000 | $203,000,000 | 1.34x | 62.3% | 9.2% |
A-1-41
(31) | Mezzanine Loan Summary |
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 | $120,000,000 | 9.7% | $67,800,000 | 7.8500% | 1/6/2024 | Yes | 76.6% | 1.15x | 7.8% | |||||||||||||
7 | Embassy Suites – Anaheim | $50,000,000 | 4.0% | $10,000,000 | 10.250% | 2/6/2019 | Yes | 79.4% | 1.34x | 10.0% | |||||||||||||
8 | Canyon Crossing | $44,700,000 | 3.6% | $5,960,000 | 10.000% | 12/6/2023 | Yes | 80.5% | 1.13x | 8.2% | |||||||||||||
12 | Clemson Student Housing | $33,425,167 | 2.7% | $3,000,000 | 13.000% | 1/6/2024 | Yes | 77.2% | 1.09x | 8.4% | |||||||||||||
13 | FedEx Distribution – Natick | $31,500,000 | 2.5% | $3,500,000 | 12.000% | 3/1/2024 | Yes | 74.6% | 1.07x | 7.6% |
A-1-42