FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-193376-06 | ||
COMM 2014-UBS3 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, Natixis Securities Americas LLC, KeyBanc Capital Markets Inc., Drexel Hamilton, LLC, Goldman, Sachs & Co. 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-UBS3 (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-UBS3
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | Mortgage | Mortgage | Cut-off | Maturity | General | Detailed | ||||||||||||||||||||||||
Property | Initial Pool | # of | Loan | Loan | Original | Date | or ARD | Property | Property | Interest | Total | Additional | Administrative | |||||||||||||||||
Flag | ID | Property Name | Balance | Properties | Originator(1) | Seller(2) | Balance($)(3)(4) | Balance($)(3)(4) | Balance($) | Type | Type | Rate(6) | Strip | Strip | Fee Rate(7) | |||||||||||||||
Loan | 1 | Bronx Terminal Market(27)(29)(30) | 9.9% | 1 | GACC | GACC | 105,000,000 | 105,000,000 | 105,000,000 | Retail | Anchored | 4.5280% | 0.0148% | 0.0000% | 0.0148% | |||||||||||||||
Loan | 2 | State Farm Portfolio(27)(28) | 9.5% | 14 | UBSRES | UBSRES | 100,000,000 | 100,000,000 | 100,000,000 | Office | Suburban | 4.6266% | 0.0148% | 0.0000% | 0.0148% | |||||||||||||||
Property | 2.01 | Charlottesville State Farm Office | 1.3% | 1 | UBSRES | UBSRES | 13,497,500 | 13,497,500 | Office | Suburban | ||||||||||||||||||||
Property | 2.02 | Murfreesboro State Farm Office | 1.1% | 1 | UBSRES | UBSRES | 11,868,173 | 11,868,173 | Office | Suburban | ||||||||||||||||||||
Property | 2.03 | Ballston Spa State Farm Office | 1.0% | 1 | UBSRES | UBSRES | 10,646,177 | 10,646,177 | Office | Suburban | ||||||||||||||||||||
Property | 2.04 | Birmingham State Farm Office | 0.9% | 1 | UBSRES | UBSRES | 9,720,422 | 9,720,422 | Office | Suburban | ||||||||||||||||||||
Property | 2.05 | Tulsa State Farm Office | 0.8% | 1 | UBSRES | UBSRES | 8,609,517 | 8,609,517 | Office | Suburban | ||||||||||||||||||||
Property | 2.06 | Columbia State Farm Office | 0.8% | 1 | UBSRES | UBSRES | 8,572,487 | 8,572,487 | Office | Suburban | ||||||||||||||||||||
Property | 2.07 | Jacksonville State Farm Office | 0.8% | 1 | UBSRES | UBSRES | 8,516,941 | 8,516,941 | Office | Suburban | ||||||||||||||||||||
Property | 2.08 | Lincoln North State Farm Office | 0.6% | 1 | UBSRES | UBSRES | 6,258,100 | 6,258,100 | Office | Suburban | ||||||||||||||||||||
Property | 2.09 | Greeley Central State Farm Office | 0.5% | 1 | UBSRES | UBSRES | 5,647,102 | 5,647,102 | Office | Suburban | ||||||||||||||||||||
Property | 2.10 | New Albany State Farm Office | 0.5% | 1 | UBSRES | UBSRES | 4,832,438 | 4,832,438 | Office | Suburban | ||||||||||||||||||||
Property | 2.11 | Lincoln South State Farm Office | 0.3% | 1 | UBSRES | UBSRES | 3,591,928 | 3,591,928 | Office | Suburban | ||||||||||||||||||||
Property | 2.12 | Greeley South State Farm Office | 0.3% | 1 | UBSRES | UBSRES | 3,092,020 | 3,092,020 | Office | Suburban | ||||||||||||||||||||
Property | 2.13 | Kalamazoo State Farm Office | 0.2% | 1 | UBSRES | UBSRES | 2,629,143 | 2,629,143 | Office | Suburban | ||||||||||||||||||||
Property | 2.14 | Greeley North State Farm Office | 0.2% | 1 | UBSRES | UBSRES | 2,518,052 | 2,518,052 | Office | Suburban | ||||||||||||||||||||
Loan | 3 | Equitable Plaza | 9.0% | 1 | GACC | GACC | 95,000,000 | 95,000,000 | 87,099,072 | Office | CBD | 4.6100% | 0.0170% | 0.0000% | 0.0170% | |||||||||||||||
Loan | 4 | Southfield Town Center(27) | 7.6% | 1 | GACC | GACC | 80,000,000 | 80,000,000 | 70,434,100 | Office | Suburban | 4.7500% | 0.1108% | 0.0000% | 0.1108% | |||||||||||||||
Loan | 5 | Sixty LES | 5.9% | 1 | Natixis | Natixis | 62,250,000 | 62,250,000 | 60,566,224 | Hospitality | Full Service | 5.3200% | 0.0170% | 0.0000% | 0.0170% | |||||||||||||||
Loan | 6 | 1100 Superior Avenue(29) | 5.0% | 1 | UBSRES | UBSRES | 52,500,000 | 52,500,000 | 45,031,481 | Office | CBD | 4.6600% | 0.0170% | 0.0000% | 0.0170% | |||||||||||||||
Loan | 7 | Solo Cup | 4.5% | 1 | UBSRES | UBSRES | 47,250,000 | 47,250,000 | 47,250,000 | Industrial | Warehouse/Distribution | 5.0677% | 0.0170% | 0.0000% | 0.0170% | |||||||||||||||
Loan | 8 | Hilton Charlotte University Place | 4.3% | 1 | GACC | GACC | 45,000,000 | 44,947,797 | 41,259,318 | Hospitality | Full Service | 4.6200% | 0.0170% | 0.0000% | 0.0170% | |||||||||||||||
Loan | 9 | Sunrise Hospitality Portfolio | 3.2% | 5 | UBSRES | UBSRES | 34,000,000 | 33,962,103 | 27,770,020 | Hospitality | Limited Service | 4.7950% | 0.0170% | 0.0000% | 0.0170% | |||||||||||||||
Property | 9.01 | Holiday Inn Express & Suites - West Monroe | 1.1% | 1 | UBSRES | UBSRES | 11,550,000 | 11,537,126 | Hospitality | Limited Service | ||||||||||||||||||||
Property | 9.02 | Holiday Inn Express & Suites - Shreveport South Park Plaza | 0.8% | 1 | UBSRES | UBSRES | 8,250,000 | 8,240,805 | Hospitality | Limited Service | ||||||||||||||||||||
Property | 9.03 | Holiday Inn Express & Suites - Bossier City Race Track | 0.5% | 1 | UBSRES | UBSRES | 5,630,000 | 5,623,725 | Hospitality | Limited Service | ||||||||||||||||||||
Property | 9.04 | Hampton Inn & Suites - Bossier City | 0.5% | 1 | UBSRES | UBSRES | 4,970,000 | 4,964,460 | Hospitality | Limited Service | ||||||||||||||||||||
Property | 9.05 | Holiday Inn Express & Suites - Shreveport Airport | 0.3% | 1 | UBSRES | UBSRES | 3,600,000 | 3,595,987 | Hospitality | Limited Service | ||||||||||||||||||||
Loan | 10 | Village Square and Deerpath Court | 2.9% | 2 | UBSRES | UBSRES | 31,000,000 | 31,000,000 | 28,382,219 | Retail | Anchored | 4.5225% | 0.0170% | 0.0000% | 0.0170% | |||||||||||||||
Property | 10.01 | Village Square | 1.8% | 1 | UBSRES | UBSRES | 19,098,214 | 19,098,214 | Retail | Anchored | ||||||||||||||||||||
Property | 10.02 | Deerpath Court | 1.1% | 1 | UBSRES | UBSRES | 11,901,786 | 11,901,786 | Retail | Anchored | ||||||||||||||||||||
Loan | 11 | Newport Commons(31) | 2.7% | 1 | GACC | GACC | 28,650,000 | 28,650,000 | 24,677,101 | Multifamily | Garden | 4.8200% | 0.0170% | 0.0000% | 0.0170% | |||||||||||||||
Loan | 12 | Preserve at Grande Oaks | 2.6% | 1 | GACC | GACC | 27,400,000 | 27,400,000 | 24,150,739 | Multifamily | Garden | 4.8000% | 0.0170% | 0.0000% | 0.0170% | |||||||||||||||
Loan | 13 | Pine Haven RV Park | 2.4% | 1 | UBSRES | UBSRES | 25,000,000 | 25,000,000 | 20,880,244 | Manufactured Housing Community | Recreational Vehicle Community | 5.4900% | 0.0170% | 0.0000% | 0.0170% | |||||||||||||||
Loan | 14 | Westgate Plaza | 2.4% | 1 | KeyBank | KeyBank | 25,000,000 | 24,972,804 | 20,490,536 | Retail | Anchored | 4.9000% | 0.0220% | 0.0000% | 0.0220% | |||||||||||||||
Loan | 15 | Enclave at Prestonwood | 2.2% | 1 | GACC | GACC | 23,760,000 | 23,760,000 | 21,012,147 | Multifamily | Garden | 4.9500% | 0.0170% | 0.0000% | 0.0170% | |||||||||||||||
Loan | 16 | Capstar Plaza | 2.2% | 1 | Natixis | Natixis | 22,750,000 | 22,750,000 | 22,750,000 | Other | Leased Fee | 4.8500% | 0.0170% | 0.0000% | 0.0170% | |||||||||||||||
Loan | 17 | Florida Multifamily Portfolio | 2.0% | 5 | GACC | GACC | 20,940,000 | 20,940,000 | 18,040,150 | Multifamily | Garden | 4.8300% | 0.0170% | 0.0000% | 0.0170% | |||||||||||||||
Property | 17.01 | Shadowood Apartments | 0.5% | 1 | GACC | GACC | 5,775,000 | 5,775,000 | Multifamily | Garden | ||||||||||||||||||||
Property | 17.02 | University Square Apartments | 0.4% | 1 | GACC | GACC | 4,222,500 | 4,222,500 | Multifamily | Garden | ||||||||||||||||||||
Property | 17.03 | Terrace Trace Apartments | 0.4% | 1 | GACC | GACC | 4,117,500 | 4,117,500 | Multifamily | Garden | ||||||||||||||||||||
Property | 17.04 | Hidden Acres Apartments | 0.4% | 1 | GACC | GACC | 3,900,000 | 3,900,000 | Multifamily | Garden | ||||||||||||||||||||
Property | 17.05 | Pinellas Pines Apartments | 0.3% | 1 | GACC | GACC | 2,925,000 | 2,925,000 | Multifamily | Garden | ||||||||||||||||||||
Loan | 18 | North Penn Business Park | 2.0% | 1 | Natixis | Natixis | 20,800,000 | 20,753,198 | 17,126,143 | Industrial | Warehouse | 5.0410% | 0.0170% | 0.0000% | 0.0170% | |||||||||||||||
Loan | 19 | Cincinnati Multifamily Portfolio | 1.4% | 4 | GACC | GACC | 14,310,000 | 14,267,001 | 10,867,590 | Multifamily | Various | 5.4300% | 0.0170% | 0.0000% | 0.0170% | |||||||||||||||
Property | 19.01 | Alms Hills | 0.4% | 1 | GACC | GACC | 4,483,943 | 4,470,470 | Multifamily | High Rise | ||||||||||||||||||||
Property | 19.02 | Reids Valley | 0.4% | 1 | GACC | GACC | 4,462,489 | 4,449,080 | Multifamily | Garden | ||||||||||||||||||||
Property | 19.03 | Shelton Gardens | 0.3% | 1 | GACC | GACC | 3,246,746 | 3,236,990 | Multifamily | Garden | ||||||||||||||||||||
Property | 19.04 | Lima Club | 0.2% | 1 | GACC | GACC | 2,116,822 | 2,110,461 | Multifamily | Garden | ||||||||||||||||||||
Loan | 20 | Rochester Gas & Electric | 1.2% | 1 | Natixis | Natixis | 13,200,000 | 13,180,214 | 9,925,687 | Industrial | Warehouse | 5.1500% | 0.0170% | 0.0000% | 0.0170% | |||||||||||||||
Loan | 21 | Holiday Inn Express & Suites Santa Cruz(29) | 1.2% | 1 | Natixis | Natixis | 12,500,000 | 12,500,000 | 11,037,308 | Hospitality | Limited Service | 4.8800% | 0.0170% | 0.0000% | 0.0170% | |||||||||||||||
Loan | 22 | 3350 George Washington Way | 1.1% | 1 | Natixis | Natixis | 11,750,000 | 11,723,721 | 9,683,754 | Office | Suburban | 5.0700% | 0.0170% | 0.0000% | 0.0170% | |||||||||||||||
Loan | 23 | Drummer Boy RV Park | 1.1% | 1 | UBSRES | UBSRES | 11,550,000 | 11,550,000 | 9,646,673 | Manufactured Housing Community | Recreational Vehicle Community | 5.4900% | 0.0170% | 0.0000% | 0.0170% | |||||||||||||||
Loan | 24 | Aspen Woods Apartments | 0.9% | 1 | UBSRES | UBSRES | 9,600,000 | 9,600,000 | 8,277,411 | Multifamily | Garden | 4.8605% | 0.0170% | 0.0000% | 0.0170% | |||||||||||||||
Loan | 25 | Cypress Courtyard | 0.9% | 1 | UBSRES | UBSRES | 9,500,000 | 9,500,000 | 8,150,697 | Retail | Shadow Anchored | 4.6700% | 0.0170% | 0.0000% | 0.0170% | |||||||||||||||
Loan | 26 | Chatham Grove Apartments | 0.8% | 1 | Natixis | Natixis | 8,400,000 | 8,391,931 | 7,001,083 | Multifamily | Garden | 5.4200% | 0.0170% | 0.0000% | 0.0170% | |||||||||||||||
Loan | 27 | Hilltop Shopping Center | 0.8% | 1 | Natixis | Natixis | 8,100,000 | 8,091,772 | 6,701,963 | Retail | Shadow Anchored | 5.1900% | 0.0170% | 0.0000% | 0.0170% | |||||||||||||||
Loan | 28 | Courtyard by Marriott - Hartford Manchester(29) | 0.7% | 1 | KeyBank | KeyBank | 6,900,000 | 6,892,650 | 5,672,168 | Hospitality | Limited Service | 4.9900% | 0.0220% | 0.0000% | 0.0220% | |||||||||||||||
Loan | 29 | Academy Sports | 0.6% | 1 | KeyBank | KeyBank | 6,614,000 | 6,614,000 | 5,853,348 | Retail | Single Tenant | 4.6800% | 0.0220% | 0.0000% | 0.0220% | |||||||||||||||
Loan | 30 | Phoenix Point Townhomes(29) | 0.6% | 1 | GACC | GACC | 5,850,000 | 5,843,412 | 4,770,879 | Multifamily | Garden | 4.7500% | 0.0170% | 0.0000% | 0.0170% |
A-1-1
COMM 2014-UBS3
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | Mortgage | Mortgage | Cut-off | Maturity | General | Detailed | ||||||||||||||||||||||||
Property | Initial Pool | # of | Loan | Loan | Original | Date | or ARD | Property | Property | Interest | Total | Additional | Administrative | |||||||||||||||||
Flag | ID | Property Name | Balance | Properties | Originator(1) | Seller(2) | Balance($)(3)(4) | Balance($)(3)(4) | Balance($) | Type | Type | Rate(6) | Strip | Strip | Fee Rate(7) | |||||||||||||||
Loan | 31 | Kona and Kailua Self Storage Portfolio | 0.5% | 2 | KeyBank | KeyBank | 5,775,000 | 5,775,000 | 4,693,519 | Self Storage | Self Storage | 4.6500% | 0.0220% | 0.0000% | 0.0220% | |||||||||||||||
Property | 31.01 | Kailua Self Storage | 0.4% | 1 | KeyBank | KeyBank | 3,775,000 | 3,775,000 | Self Storage | Self Storage | ||||||||||||||||||||
Property | 31.02 | Kona Self Storage | 0.2% | 1 | KeyBank | KeyBank | 2,000,000 | 2,000,000 | Self Storage | Self Storage | ||||||||||||||||||||
Loan | 32 | Woodbridge Apartments | 0.5% | 1 | Natixis | Natixis | 5,650,000 | 5,637,417 | 5,217,861 | Multifamily | Garden | 5.0900% | 0.0170% | 0.0000% | 0.0170% | |||||||||||||||
Loan | 33 | Dollar General Portfolio | 0.5% | 4 | KeyBank | KeyBank | 5,630,000 | 5,623,932 | 4,620,563 | Retail | Single Tenant | 4.9400% | 0.0220% | 0.0000% | 0.0220% | |||||||||||||||
Property | 33.01 | Dollar General - Punta Gorda | 0.1% | 1 | KeyBank | KeyBank | 1,501,000 | 1,499,382 | Retail | Single Tenant | ||||||||||||||||||||
Property | 33.02 | Dollar General - Cape Coral | 0.1% | 1 | KeyBank | KeyBank | 1,416,000 | 1,414,474 | Retail | Single Tenant | ||||||||||||||||||||
Property | 33.03 | Dollar General - Davenport | 0.1% | 1 | KeyBank | KeyBank | 1,365,000 | 1,363,529 | Retail | Single Tenant | ||||||||||||||||||||
Property | 33.04 | Dollar General - Winter Haven | 0.1% | 1 | KeyBank | KeyBank | 1,348,000 | 1,346,547 | Retail | Single Tenant | ||||||||||||||||||||
Loan | 34 | Walgreens, CVS, O’Reilly Auto Portfolio | 0.5% | 3 | KeyBank | KeyBank | 5,625,000 | 5,618,371 | 4,556,370 | Retail | Single Tenant | 4.5500% | 0.0220% | 0.0000% | 0.0220% | |||||||||||||||
Property | 34.01 | Walgreens - Trenton, OH | 0.2% | 1 | KeyBank | KeyBank | 2,500,000 | 2,497,054 | Retail | Single Tenant | ||||||||||||||||||||
Property | 34.02 | CVS - Port St. Joe, FL | 0.2% | 1 | KeyBank | KeyBank | 2,325,000 | 2,322,260 | Retail | Single Tenant | ||||||||||||||||||||
Property | 34.03 | O’Reilly Auto - Kokomo, IN | 0.1% | 1 | KeyBank | KeyBank | 800,000 | 799,057 | Retail | Single Tenant | ||||||||||||||||||||
Loan | 35 | Fairfield Inn & Suites by Marriott | 0.5% | 1 | Natixis | Natixis | 5,400,000 | 5,392,314 | 4,101,328 | Hospitality | Limited Service | 5.4300% | 0.0170% | 0.0000% | 0.0170% | |||||||||||||||
Loan | 36 | Walnut Ranch Apartments | 0.5% | 1 | Natixis | Natixis | 5,300,000 | 5,300,000 | 4,722,331 | Multifamily | Garden | 5.3000% | 0.0170% | 0.0000% | 0.0170% | |||||||||||||||
Loan | 37 | Cholla Ranch Apartments | 0.5% | 1 | GACC | GACC | 5,230,000 | 5,230,000 | 4,380,295 | Multifamily | Garden | 4.7200% | 0.0170% | 0.0000% | 0.0170% | |||||||||||||||
Loan | 38 | Casa Maribela | 0.5% | 1 | UBSRES | UBSRES | 5,100,000 | 5,087,907 | 4,688,259 | Multifamily | Garden | 4.7875% | 0.0170% | 0.0000% | 0.0170% | |||||||||||||||
Loan | 39 | Radcliff Square Shopping Center | 0.5% | 1 | Natixis | Natixis | 5,000,000 | 4,995,030 | 4,148,929 | Retail | Anchored | 5.2800% | 0.0170% | 0.0000% | 0.0170% | |||||||||||||||
Loan | 40 | Prospect West | 0.5% | 1 | KeyBank | KeyBank | 4,935,000 | 4,935,000 | 4,155,307 | Office | Suburban | 4.9000% | 0.0220% | 0.0000% | 0.0220% | |||||||||||||||
Loan | 41 | Downers Grove Industrial | 0.5% | 1 | KeyBank | KeyBank | 4,800,000 | 4,794,839 | 3,940,677 | Industrial | Flex | 4.9500% | 0.0220% | 0.0000% | 0.0220% | |||||||||||||||
Loan | 42 | Country Market | 0.5% | 1 | Natixis | Natixis | 4,800,000 | 4,784,545 | 3,969,049 | Retail | Single Tenant | 5.1700% | 0.0170% | 0.0000% | 0.0170% | |||||||||||||||
Loan | 43 | Addison Place | 0.4% | 1 | UBSRES | UBSRES | 4,600,000 | 4,595,129 | 3,784,540 | Retail | Shadow Anchored | 5.0150% | 0.0170% | 0.0000% | 0.0170% | |||||||||||||||
Loan | 44 | Baymeadows | 0.4% | 1 | Natixis | Natixis | 4,500,000 | 4,456,738 | 3,681,174 | Multifamily | Garden | 4.8500% | 0.0170% | 0.0000% | 0.0170% | |||||||||||||||
Loan | 45 | Executive Center IV | 0.4% | 1 | UBSRES | UBSRES | 4,225,000 | 4,215,737 | 3,492,738 | Office | Suburban | 5.1650% | 0.0170% | 0.0000% | 0.0170% | |||||||||||||||
Loan | 46 | La Quinta - Savannah Airport | 0.4% | 1 | UBSRES | UBSRES | 4,050,000 | 4,033,510 | 3,129,159 | Hospitality | Limited Service | 5.9235% | 0.0170% | 0.0000% | 0.0170% | |||||||||||||||
Loan | 47 | Holiday Inn Staunton Conference Center | 0.4% | 1 | Natixis | Natixis | 4,000,000 | 3,994,538 | 3,597,154 | Hospitality | Full Service | 5.6500% | 0.0170% | 0.0000% | 0.0170% | |||||||||||||||
Loan | 48 | Shoppes at Carol Stream | 0.4% | 1 | Natixis | Natixis | 3,825,000 | 3,813,058 | 2,881,151 | Retail | Unanchored | 5.2000% | 0.0170% | 0.0000% | 0.0170% | |||||||||||||||
Loan | 49 | Coral Springs Apartment Portfolio | 0.3% | 2 | Natixis | Natixis | 3,450,000 | 3,438,622 | 2,842,619 | Multifamily | Garden | 5.0600% | 0.0170% | 0.0000% | 0.0170% | |||||||||||||||
Property | 49.01 | Castlewood Townhome Apartments | 0.2% | 1 | Natixis | Natixis | 2,000,000 | 1,993,404 | Multifamily | Garden | ||||||||||||||||||||
Property | 49.02 | Glenwood Apartments | 0.1% | 1 | Natixis | Natixis | 1,450,000 | 1,445,218 | Multifamily | Garden |
A-1-2
COMM 2014-UBS3
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | Interest | Original | Remaining | Original | Remaining | First | Monthly | Annual | Pari Passu Companion Loan | Pari Passu Companion Loan | ||||||||||||||||||||||||
Property | Initial Pool | Accrual | Term to | Term to | Amortization | Amortization | Origination | Payment | Maturity or | ARD Loan | Final | Debt | Debt | Monthly Debt | Annual Debt | |||||||||||||||||||
Flag | ID | Property Name | Balance | Basis | Maturity or ARD | Maturity or ARD | Term | Term | Date | Date | ARD Date | (Yes/No)(6) | Maturity Date | Service($)(8) | Service($)(8) | Service($)(8) | Service($)(8) | |||||||||||||||||
Loan | 1 | Bronx Terminal Market(27)(29)(30) | 9.9% | Actual/360 | 120 | 119 | 0 | 0 | 04/15/2014 | 06/06/2014 | 05/06/2024 | No | 05/06/2024 | 401,703 | 4,820,433 | 1,052,079 | 12,624,944 | |||||||||||||||||
Loan | 2 | State Farm Portfolio(27)(28) | 9.5% | Actual/360 | 120 | 118 | 0 | 0 | 04/01/2014 | 05/06/2014 | 04/06/2024 | Yes | 04/06/2029 | 390,905 | 4,690,858 | 1,108,215 | 13,298,583 | |||||||||||||||||
Property | 2.01 | Charlottesville State Farm Office | 1.3% | |||||||||||||||||||||||||||||||
Property | 2.02 | Murfreesboro State Farm Office | 1.1% | |||||||||||||||||||||||||||||||
Property | 2.03 | Ballston Spa State Farm Office | 1.0% | |||||||||||||||||||||||||||||||
Property | 2.04 | Birmingham State Farm Office | 0.9% | |||||||||||||||||||||||||||||||
Property | 2.05 | Tulsa State Farm Office | 0.8% | |||||||||||||||||||||||||||||||
Property | 2.06 | Columbia State Farm Office | 0.8% | |||||||||||||||||||||||||||||||
Property | 2.07 | Jacksonville State Farm Office | 0.8% | |||||||||||||||||||||||||||||||
Property | 2.08 | Lincoln North State Farm Office | 0.6% | |||||||||||||||||||||||||||||||
Property | 2.09 | Greeley Central State Farm Office | 0.5% | |||||||||||||||||||||||||||||||
Property | 2.10 | New Albany State Farm Office | 0.5% | |||||||||||||||||||||||||||||||
Property | 2.11 | Lincoln South State Farm Office | 0.3% | |||||||||||||||||||||||||||||||
Property | 2.12 | Greeley South State Farm Office | 0.3% | |||||||||||||||||||||||||||||||
Property | 2.13 | Kalamazoo State Farm Office | 0.2% | |||||||||||||||||||||||||||||||
Property | 2.14 | Greeley North State Farm Office | 0.2% | |||||||||||||||||||||||||||||||
Loan | 3 | Equitable Plaza | 9.0% | Actual/360 | 120 | 120 | 360 | 360 | 05/07/2014 | 07/06/2014 | 06/06/2024 | No | 06/06/2024 | 487,580 | 5,850,961 | |||||||||||||||||||
Loan | 4 | Southfield Town Center(27) | 7.6% | Actual/360 | 120 | 119 | 360 | 360 | 05/02/2014 | 06/06/2014 | 05/06/2024 | No | 05/06/2024 | 417,318 | 5,007,814 | 323,421 | 3,881,056 | |||||||||||||||||
Loan | 5 | Sixty LES | 5.9% | Actual/360 | 60 | 59 | 360 | 360 | 04/30/2014 | 06/05/2014 | 05/05/2019 | No | 05/05/2019 | 346,451 | 4,157,408 | |||||||||||||||||||
Loan | 6 | 1100 Superior Avenue(29) | 5.0% | Actual/360 | 120 | 119 | 360 | 360 | 05/01/2014 | 06/06/2014 | 05/06/2024 | No | 05/06/2024 | 271,024 | 3,252,289 | |||||||||||||||||||
Loan | 7 | Solo Cup | 4.5% | Actual/360 | 120 | 116 | 0 | 0 | 02/03/2014 | 03/06/2014 | 02/06/2024 | No | 02/06/2024 | 202,312 | 2,427,745 | |||||||||||||||||||
Loan | 8 | Hilton Charlotte University Place | 4.3% | Actual/360 | 60 | 59 | 360 | 359 | 04/10/2014 | 06/06/2014 | 05/06/2019 | No | 05/06/2019 | 231,228 | 2,774,738 | |||||||||||||||||||
Loan | 9 | Sunrise Hospitality Portfolio | 3.2% | Actual/360 | 120 | 119 | 360 | 359 | 05/06/2014 | 06/06/2014 | 05/06/2024 | No | 05/06/2024 | 178,283 | 2,139,402 | |||||||||||||||||||
Property | 9.01 | Holiday Inn Express & Suites - West Monroe | 1.1% | |||||||||||||||||||||||||||||||
Property | 9.02 | Holiday Inn Express & Suites - Shreveport South Park Plaza | 0.8% | |||||||||||||||||||||||||||||||
Property | 9.03 | Holiday Inn Express & Suites - Bossier City Race Track | 0.5% | |||||||||||||||||||||||||||||||
Property | 9.04 | Hampton Inn & Suites - Bossier City | 0.5% | |||||||||||||||||||||||||||||||
Property | 9.05 | Holiday Inn Express & Suites - Shreveport Airport | 0.3% | |||||||||||||||||||||||||||||||
Loan | 10 | Village Square and Deerpath Court | 2.9% | Actual/360 | 120 | 118 | 360 | 360 | 04/09/2014 | 05/06/2014 | 04/06/2024 | No | 04/06/2024 | 157,487 | 1,889,846 | |||||||||||||||||||
Property | 10.01 | Village Square | 1.8% | |||||||||||||||||||||||||||||||
Property | 10.02 | Deerpath Court | 1.1% | |||||||||||||||||||||||||||||||
Loan | 11 | Newport Commons(31) | 2.7% | Actual/360 | 120 | 119 | 360 | 360 | 04/16/2014 | 06/06/2014 | 05/06/2024 | No | 05/06/2024 | 150,663 | 1,807,958 | |||||||||||||||||||
Loan | 12 | Preserve at Grande Oaks | 2.6% | Actual/360 | 120 | 119 | 360 | 360 | 05/01/2014 | 06/06/2014 | 05/06/2024 | No | 05/06/2024 | 143,758 | 1,725,100 | |||||||||||||||||||
Loan | 13 | Pine Haven RV Park | 2.4% | Actual/360 | 120 | 120 | 360 | 360 | 05/12/2014 | 07/06/2014 | 06/06/2024 | No | 06/06/2024 | 141,790 | 1,701,485 | |||||||||||||||||||
Loan | 14 | Westgate Plaza | 2.4% | Actual/360 | 120 | 119 | 360 | 359 | 04/24/2014 | 06/01/2014 | 05/01/2024 | No | 05/01/2024 | 132,682 | 1,592,180 | |||||||||||||||||||
Loan | 15 | Enclave at Prestonwood | 2.2% | Actual/360 | 120 | 119 | 360 | 360 | 04/09/2014 | 06/06/2014 | 05/06/2024 | No | 05/06/2024 | 126,824 | 1,521,885 | |||||||||||||||||||
Loan | 16 | Capstar Plaza | 2.2% | Actual/360 | 120 | 118 | 0 | 0 | 03/06/2014 | 05/05/2014 | 04/05/2024 | Yes | 04/05/2044 | 93,225 | 1,118,700 | |||||||||||||||||||
Loan | 17 | Florida Multifamily Portfolio | 2.0% | Actual/360 | 120 | 118 | 360 | 360 | 03/31/2014 | 05/06/2014 | 04/06/2024 | No | 04/06/2024 | 110,245 | 1,322,940 | |||||||||||||||||||
Property | 17.01 | Shadowood Apartments | 0.5% | |||||||||||||||||||||||||||||||
Property | 17.02 | University Square Apartments | 0.4% | |||||||||||||||||||||||||||||||
Property | 17.03 | Terrace Trace Apartments | 0.4% | |||||||||||||||||||||||||||||||
Property | 17.04 | Hidden Acres Apartments | 0.4% | |||||||||||||||||||||||||||||||
Property | 17.05 | Pinellas Pines Apartments | 0.3% | |||||||||||||||||||||||||||||||
Loan | 18 | North Penn Business Park | 2.0% | Actual/360 | 120 | 118 | 360 | 358 | 03/26/2014 | 05/05/2014 | 04/05/2024 | No | 04/05/2024 | 112,181 | 1,346,168 | |||||||||||||||||||
Loan | 19 | Cincinnati Multifamily Portfolio | 1.4% | Actual/360 | 120 | 118 | 300 | 298 | 04/02/2014 | 05/06/2014 | 04/06/2024 | Yes | 04/06/2034 | 87,279 | 1,047,345 | |||||||||||||||||||
Property | 19.01 | Alms Hills | 0.4% | |||||||||||||||||||||||||||||||
Property | 19.02 | Reids Valley | 0.4% | |||||||||||||||||||||||||||||||
Property | 19.03 | Shelton Gardens | 0.3% | |||||||||||||||||||||||||||||||
Property | 19.04 | Lima Club | 0.2% | |||||||||||||||||||||||||||||||
Loan | 20 | Rochester Gas & Electric | 1.2% | Actual/360 | 120 | 119 | 300 | 299 | 04/16/2014 | 06/05/2014 | 05/05/2024 | Yes | 05/05/2025 | 78,324 | 939,886 | |||||||||||||||||||
Loan | 21 | Holiday Inn Express & Suites Santa Cruz(29) | 1.2% | Actual/360 | 120 | 119 | 360 | 360 | 04/10/2014 | 06/05/2014 | 05/05/2024 | No | 05/05/2024 | 66,189 | 794,268 | |||||||||||||||||||
Loan | 22 | 3350 George Washington Way | 1.1% | Actual/360 | 120 | 118 | 360 | 358 | 04/03/2014 | 05/05/2014 | 04/05/2024 | No | 04/05/2024 | 63,580 | 762,962 | |||||||||||||||||||
Loan | 23 | Drummer Boy RV Park | 1.1% | Actual/360 | 120 | 120 | 360 | 360 | 05/12/2014 | 07/06/2014 | 06/06/2024 | No | 06/06/2024 | 65,507 | 786,086 | |||||||||||||||||||
Loan | 24 | Aspen Woods Apartments | 0.9% | Actual/360 | 120 | 119 | 360 | 360 | 04/24/2014 | 06/06/2014 | 05/06/2024 | No | 05/06/2024 | 50,720 | 608,634 | |||||||||||||||||||
Loan | 25 | Cypress Courtyard | 0.9% | Actual/360 | 120 | 119 | 360 | 360 | 05/07/2014 | 06/06/2014 | 05/06/2024 | No | 05/06/2024 | 49,099 | 589,193 | |||||||||||||||||||
Loan | 26 | Chatham Grove Apartments | 0.8% | Actual/360 | 120 | 119 | 360 | 359 | 05/01/2014 | 06/05/2014 | 05/05/2024 | No | 05/05/2024 | 47,274 | 567,282 | |||||||||||||||||||
Loan | 27 | Hilltop Shopping Center | 0.8% | Actual/360 | 120 | 119 | 360 | 359 | 04/22/2014 | 06/05/2014 | 05/05/2024 | No | 05/05/2024 | 44,428 | 533,136 | |||||||||||||||||||
Loan | 28 | Courtyard by Marriott - Hartford Manchester(29) | 0.7% | Actual/360 | 120 | 119 | 360 | 359 | 05/01/2014 | 06/01/2014 | 05/01/2024 | No | 05/01/2024 | 36,999 | 443,982 | |||||||||||||||||||
Loan | 29 | Academy Sports | 0.6% | Actual/360 | 120 | 119 | 300 | 300 | 04/10/2014 | 06/01/2014 | 05/01/2024 | Yes | 05/01/2029 | 37,442 | 449,301 | |||||||||||||||||||
Loan | 30 | Phoenix Point Townhomes(29) | 0.6% | Actual/360 | 120 | 119 | 360 | 359 | 04/30/2014 | 06/06/2014 | 05/06/2024 | No | 05/06/2024 | 30,516 | 366,196 |
A-1-3
COMM 2014-UBS3
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | Interest | Original | Remaining | Original | Remaining | First | Monthly | Annual | Pari Passu Companion Loan | Pari Passu Companion Loan | ||||||||||||||||||||||||
Property | Initial Pool | Accrual | Term to | Term to | Amortization | Amortization | Origination | Payment | Maturity or | ARD Loan | Final | Debt | Debt | Monthly Debt | Annual Debt | |||||||||||||||||||
Flag | ID | Property Name | Balance | Basis | Maturity or ARD | Maturity or ARD | Term | Term | Date | Date | ARD Date | (Yes/No)(6) | Maturity Date | Service($)(8) | Service($)(8) | Service($)(8) | Service($)(8) | |||||||||||||||||
Loan | 31 | Kona and Kailua Self Storage Portfolio | 0.5% | Actual/360 | 120 | 120 | 360 | 360 | 05/02/2014 | 07/01/2014 | 06/01/2024 | No | 06/01/2024 | 29,778 | 357,336 | |||||||||||||||||||
Property | 31.01 | Kailua Self Storage | 0.4% | |||||||||||||||||||||||||||||||
Property | 31.02 | Kona Self Storage | 0.2% | |||||||||||||||||||||||||||||||
Loan | 32 | Woodbridge Apartments | 0.5% | Actual/360 | 60 | 58 | 360 | 358 | 03/06/2014 | 05/05/2014 | 04/05/2019 | No | 04/05/2019 | 30,642 | 367,703 | |||||||||||||||||||
Loan | 33 | Dollar General Portfolio | 0.5% | Actual/360 | 120 | 119 | 360 | 359 | 05/01/2014 | 06/01/2014 | 05/01/2024 | No | 05/01/2024 | 30,017 | 360,203 | |||||||||||||||||||
Property | 33.01 | Dollar General - Punta Gorda | 0.1% | |||||||||||||||||||||||||||||||
Property | 33.02 | Dollar General - Cape Coral | 0.1% | |||||||||||||||||||||||||||||||
Property | 33.03 | Dollar General - Davenport | 0.1% | |||||||||||||||||||||||||||||||
Property | 33.04 | Dollar General - Winter Haven | 0.1% | |||||||||||||||||||||||||||||||
Loan | 34 | Walgreens, CVS, O’Reilly Auto Portfolio | 0.5% | Actual/360 | 120 | 119 | 360 | 359 | 04/22/2014 | 06/01/2014 | 05/01/2024 | Yes | 05/01/2029 | 28,668 | 344,021 | |||||||||||||||||||
Property | 34.01 | Walgreens - Trenton, OH | 0.2% | |||||||||||||||||||||||||||||||
Property | 34.02 | CVS - Port St. Joe, FL | 0.2% | |||||||||||||||||||||||||||||||
Property | 34.03 | O’Reilly Auto - Kokomo, IN | 0.1% | |||||||||||||||||||||||||||||||
Loan | 35 | Fairfield Inn & Suites by Marriott | 0.5% | Actual/360 | 120 | 119 | 300 | 299 | 04/16/2014 | 06/05/2014 | 05/05/2024 | No | 05/05/2024 | 32,935 | 395,224 | |||||||||||||||||||
Loan | 36 | Walnut Ranch Apartments | 0.5% | Actual/360 | 120 | 118 | 360 | 360 | 03/28/2014 | 05/05/2014 | 04/05/2024 | No | 04/05/2024 | 29,431 | 353,174 | |||||||||||||||||||
Loan | 37 | Cholla Ranch Apartments | 0.5% | Actual/360 | 120 | 119 | 360 | 360 | 04/16/2014 | 06/06/2014 | 05/06/2024 | No | 05/06/2024 | 27,188 | 326,252 | |||||||||||||||||||
Loan | 38 | Casa Maribela | 0.5% | Actual/360 | 60 | 58 | 360 | 358 | 03/28/2014 | 05/06/2014 | 04/06/2019 | No | 04/06/2019 | 26,719 | 320,633 | |||||||||||||||||||
Loan | 39 | Radcliff Square Shopping Center | 0.5% | Actual/360 | 120 | 119 | 360 | 359 | 04/21/2014 | 06/05/2014 | 05/05/2024 | No | 05/05/2024 | 27,703 | 332,438 | |||||||||||||||||||
Loan | 40 | Prospect West | 0.5% | Actual/360 | 120 | 119 | 360 | 360 | 04/22/2014 | 06/01/2014 | 05/01/2024 | No | 05/01/2024 | 26,191 | 314,296 | |||||||||||||||||||
Loan | 41 | Downers Grove Industrial | 0.5% | Actual/360 | 120 | 119 | 360 | 359 | 05/01/2014 | 06/01/2014 | 05/01/2024 | No | 05/01/2024 | 25,621 | 307,452 | |||||||||||||||||||
Loan | 42 | Country Market | 0.5% | Actual/360 | 120 | 117 | 360 | 357 | 02/28/2014 | 04/05/2014 | 03/05/2024 | No | 03/05/2024 | 26,268 | 315,221 | |||||||||||||||||||
Loan | 43 | Addison Place | 0.4% | Actual/360 | 120 | 119 | 360 | 359 | 04/30/2014 | 06/06/2014 | 05/06/2024 | No | 05/06/2024 | 24,736 | 296,832 | |||||||||||||||||||
Loan | 44 | Baymeadows | 0.4% | Actual/360 | 120 | 112 | 360 | 352 | 10/03/2013 | 11/05/2013 | 10/05/2023 | No | 10/05/2023 | 23,746 | 284,954 | |||||||||||||||||||
Loan | 45 | Executive Center IV | 0.4% | Actual/360 | 120 | 118 | 360 | 358 | 03/31/2014 | 05/06/2014 | 04/06/2024 | No | 04/06/2024 | 23,109 | 277,304 | |||||||||||||||||||
Loan | 46 | La Quinta - Savannah Airport | 0.4% | Actual/360 | 120 | 117 | 300 | 297 | 03/07/2014 | 04/06/2014 | 03/06/2024 | No | 03/06/2024 | 25,905 | 310,862 | |||||||||||||||||||
Loan | 47 | Holiday Inn Staunton Conference Center | 0.4% | Actual/360 | 60 | 59 | 300 | 299 | 04/28/2014 | 06/05/2014 | 05/05/2019 | No | 05/05/2019 | 24,923 | 299,077 | |||||||||||||||||||
Loan | 48 | Shoppes at Carol Stream | 0.4% | Actual/360 | 120 | 118 | 300 | 298 | 03/31/2014 | 05/05/2014 | 04/05/2024 | No | 04/05/2024 | 22,809 | 273,702 | |||||||||||||||||||
Loan | 49 | Coral Springs Apartment Portfolio | 0.3% | Actual/360 | 120 | 117 | 360 | 357 | 02/28/2014 | 04/05/2014 | 03/05/2024 | No | 03/05/2024 | 18,647 | 223,765 | |||||||||||||||||||
Property | 49.01 | Castlewood Townhome Apartments | 0.2% | |||||||||||||||||||||||||||||||
Property | 49.02 | Glenwood Apartments | 0.1% |
A-1-4
COMM 2014-UBS3
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | Remaining | Crossed | FIRREA | Cut-Off | LTV Ratio | |||||||||||||||||||||||||||||
Property | Initial Pool | Interest Only | Cash | With | Related | Underwritten | Underwritten | Grace | Payment | Appraised | Appraisal | Compliant | Date LTV | at Maturity or | ||||||||||||||||||||
Flag | ID | Property Name | Balance | Period | Lockbox(9) | Management(10) | Other Loans | Borrower | NOI DSCR(8)(11) | NCF DSCR(8)(11) | Period(12) | Date | Value ($)(13) | As-of Date | (Yes/No) | Ratio(11)(13) | ARD(11)(13) | |||||||||||||||||
Loan | 1 | Bronx Terminal Market(27)(29)(30) | 9.9% | 119 | Hard | In Place | No | 1.75x | 1.70x | 0 | 6 | 600,000,000 | 01/07/2014 | Yes | 63.3% | 63.3% | ||||||||||||||||||
Loan | 2 | State Farm Portfolio(27)(28) | 9.5% | 118 | Hard | In Place | No | 2.03x | 2.02x | 0 | 6 | 540,100,000 | 03/01/2014 | Yes | 71.0% | 71.0% | ||||||||||||||||||
Property | 2.01 | Charlottesville State Farm Office | 1.3% | 72,900,000 | 03/01/2014 | Yes | ||||||||||||||||||||||||||||
Property | 2.02 | Murfreesboro State Farm Office | 1.1% | 64,100,000 | 03/01/2014 | Yes | ||||||||||||||||||||||||||||
Property | 2.03 | Ballston Spa State Farm Office | 1.0% | 57,500,000 | 03/01/2014 | Yes | ||||||||||||||||||||||||||||
Property | 2.04 | Birmingham State Farm Office | 0.9% | 52,500,000 | 03/01/2014 | Yes | ||||||||||||||||||||||||||||
Property | 2.05 | Tulsa State Farm Office | 0.8% | 46,500,000 | 03/01/2014 | Yes | ||||||||||||||||||||||||||||
Property | 2.06 | Columbia State Farm Office | 0.8% | 46,300,000 | 03/01/2014 | Yes | ||||||||||||||||||||||||||||
Property | 2.07 | Jacksonville State Farm Office | 0.8% | 46,000,000 | 03/01/2014 | Yes | ||||||||||||||||||||||||||||
Property | 2.08 | Lincoln North State Farm Office | 0.6% | 33,800,000 | 03/01/2014 | Yes | ||||||||||||||||||||||||||||
Property | 2.09 | Greeley Central State Farm Office | 0.5% | 30,500,000 | 03/01/2014 | Yes | ||||||||||||||||||||||||||||
Property | 2.10 | New Albany State Farm Office | 0.5% | 26,100,000 | 03/01/2014 | Yes | ||||||||||||||||||||||||||||
Property | 2.11 | Lincoln South State Farm Office | 0.3% | 19,400,000 | 03/01/2014 | Yes | ||||||||||||||||||||||||||||
Property | 2.12 | Greeley South State Farm Office | 0.3% | 16,700,000 | 03/01/2014 | Yes | ||||||||||||||||||||||||||||
Property | 2.13 | Kalamazoo State Farm Office | 0.2% | 14,200,000 | 03/01/2014 | Yes | ||||||||||||||||||||||||||||
Property | 2.14 | Greeley North State Farm Office | 0.2% | 13,600,000 | 03/01/2014 | Yes | ||||||||||||||||||||||||||||
Loan | 3 | Equitable Plaza | 9.0% | 60 | Hard | Springing | No | 1.49x | 1.33x | 0 | 6 | 150,500,000 | 03/12/2014 | Yes | 63.1% | 57.9% | ||||||||||||||||||
Loan | 4 | Southfield Town Center(27) | 7.6% | 35 | Hard | In Place | No | 2.00x | 1.85x | 0 | 6 | 181,000,000 | 03/13/2014 | Yes | 66.3% | 56.9% | ||||||||||||||||||
Loan | 5 | Sixty LES | 5.9% | 35 | Hard | Springing | No | 1.60x | 1.49x | 0 | 5 | 102,000,000 | 03/01/2014 | Yes | 61.0% | 59.4% | ||||||||||||||||||
Loan | 6 | 1100 Superior Avenue(29) | 5.0% | 23 | Hard | Springing | No | 1.74x | 1.54x | 0 | 6 | 70,000,000 | 03/26/2014 | Yes | 75.0% | 64.3% | ||||||||||||||||||
Loan | 7 | Solo Cup | 4.5% | 116 | Springing Hard | Springing | No | 2.16x | 2.01x | 0 | 6 | 87,700,000 | 01/22/2014 | Yes | 53.9% | 53.9% | ||||||||||||||||||
Loan | 8 | Hilton Charlotte University Place | 4.3% | Hard | Springing | No | 2.05x | 1.79x | 0 | 6 | 65,000,000 | 03/01/2014 | Yes | 69.2% | 63.5% | |||||||||||||||||||
Loan | 9 | Sunrise Hospitality Portfolio | 3.2% | Springing Hard | Springing | No | 1.92x | 1.72x | 0 | 6 | 48,600,000 | 03/01/2014 | Yes | 69.9% | 57.1% | |||||||||||||||||||
Property | 9.01 | Holiday Inn Express & Suites - West Monroe | 1.1% | 15,400,000 | 03/01/2014 | Yes | ||||||||||||||||||||||||||||
Property | 9.02 | Holiday Inn Express & Suites - Shreveport South Park Plaza | 0.8% | 11,000,000 | 03/01/2014 | Yes | ||||||||||||||||||||||||||||
Property | 9.03 | Holiday Inn Express & Suites - Bossier City Race Track | 0.5% | 7,900,000 | 03/01/2014 | Yes | ||||||||||||||||||||||||||||
Property | 9.04 | Hampton Inn & Suites - Bossier City | 0.5% | 7,100,000 | 03/01/2014 | Yes | ||||||||||||||||||||||||||||
Property | 9.05 | Holiday Inn Express & Suites - Shreveport Airport | 0.3% | 7,200,000 | 03/01/2014 | Yes | ||||||||||||||||||||||||||||
Loan | 10 | Village Square and Deerpath Court | 2.9% | 58 | Springing Hard | Springing | No | 1.94x | 1.78x | 0 | 6 | 44,800,000 | 03/13/2014 | Yes | 69.2% | 63.4% | ||||||||||||||||||
Property | 10.01 | Village Square | 1.8% | 27,600,000 | 03/13/2014 | Yes | ||||||||||||||||||||||||||||
Property | 10.02 | Deerpath Court | 1.1% | 17,200,000 | 03/13/2014 | Yes | ||||||||||||||||||||||||||||
Loan | 11 | Newport Commons(31) | 2.7% | 23 | Soft | In Place | No | 1.32x | 1.27x | 0 | 6 | 42,000,000 | 03/04/2014 | Yes | 68.2% | 58.8% | ||||||||||||||||||
Loan | 12 | Preserve at Grande Oaks | 2.6% | 35 | Springing Soft | Springing | No | 1.32x | 1.28x | 0 | 6 | 38,000,000 | 03/21/2014 | Yes | 72.1% | 63.6% | ||||||||||||||||||
Loan | 13 | Pine Haven RV Park | 2.4% | Hard | Springing | No | Yes - A | 1.33x | 1.32x | 0 | 6 | 33,400,000 | 01/15/2014 | Yes | 74.9% | 62.5% | ||||||||||||||||||
Loan | 14 | Westgate Plaza | 2.4% | Springing Hard | Springing | No | 1.45x | 1.33x | 5 | 1 | 33,400,000 | 03/12/2014 | Yes | 74.8% | 61.3% | |||||||||||||||||||
Loan | 15 | Enclave at Prestonwood | 2.2% | 35 | Soft | Springing | No | 1.40x | 1.32x | 0 | 6 | 32,000,000 | 03/01/2015 | Yes | 74.3% | 65.7% | ||||||||||||||||||
Loan | 16 | Capstar Plaza | 2.2% | 118 | Hard | Springing | No | 1.26x | 1.26x | 0 | 5 | 26,100,000 | 04/14/2014 | Yes | 87.2% | 87.2% | ||||||||||||||||||
Loan | 17 | Florida Multifamily Portfolio | 2.0% | 22 | Soft | Springing | No | 1.59x | 1.46x | 0 | 6 | 27,920,000 | Various | Yes | 75.0% | 64.6% | ||||||||||||||||||
Property | 17.01 | Shadowood Apartments | 0.5% | 7,700,000 | 03/07/2014 | Yes | ||||||||||||||||||||||||||||
Property | 17.02 | University Square Apartments | 0.4% | 5,630,000 | 03/04/2014 | Yes | ||||||||||||||||||||||||||||
Property | 17.03 | Terrace Trace Apartments | 0.4% | 5,490,000 | 03/05/2014 | Yes | ||||||||||||||||||||||||||||
Property | 17.04 | Hidden Acres Apartments | 0.4% | 5,200,000 | 03/07/2014 | Yes | ||||||||||||||||||||||||||||
Property | 17.05 | Pinellas Pines Apartments | 0.3% | 3,900,000 | 03/07/2014 | Yes | ||||||||||||||||||||||||||||
Loan | 18 | North Penn Business Park | 2.0% | Hard | Springing | No | 1.69x | 1.47x | 0 | 5 | 30,600,000 | 03/01/2014 | Yes | 67.8% | 56.0% | |||||||||||||||||||
Loan | 19 | Cincinnati Multifamily Portfolio | 1.4% | Soft | Springing | No | 1.65x | 1.50x | 0 | 6 | 20,010,000 | Various | Yes | 71.3% | 54.3% | |||||||||||||||||||
Property | 19.01 | Alms Hills | 0.4% | 6,270,000 | 02/19/2014 | Yes | ||||||||||||||||||||||||||||
Property | 19.02 | Reids Valley | 0.4% | 6,240,000 | 02/18/2014 | Yes | ||||||||||||||||||||||||||||
Property | 19.03 | Shelton Gardens | 0.3% | 4,540,000 | 02/19/2014 | Yes | ||||||||||||||||||||||||||||
Property | 19.04 | Lima Club | 0.2% | 2,960,000 | 02/20/2014 | Yes | ||||||||||||||||||||||||||||
Loan | 20 | Rochester Gas & Electric | 1.2% | Soft Springing Hard | Springing | No | 1.29x | 1.20x | 0 | 5 | 17,600,000 | 09/24/2013 | Yes | 74.9% | 56.4% | |||||||||||||||||||
Loan | 21 | Holiday Inn Express & Suites Santa Cruz(29) | 1.2% | 35 | Hard | Springing | No | 1.92x | 1.73x | 0 | 5 | 16,800,000 | 02/24/2014 | Yes | 74.4% | 65.7% | ||||||||||||||||||
Loan | 22 | 3350 George Washington Way | 1.1% | Hard | Springing | No | 1.45x | 1.38x | 0 | 5 | 19,200,000 | 03/11/2014 | Yes | 61.1% | 50.4% | |||||||||||||||||||
Loan | 23 | Drummer Boy RV Park | 1.1% | Hard | Springing | No | Yes - A | 1.45x | 1.42x | 0 | 6 | 15,400,000 | 01/16/2014 | Yes | 75.0% | 62.6% | ||||||||||||||||||
Loan | 24 | Aspen Woods Apartments | 0.9% | 23 | None | None | No | 1.48x | 1.38x | 0 | 6 | 12,800,000 | 03/12/2014 | Yes | 75.0% | 64.7% | ||||||||||||||||||
Loan | 25 | Cypress Courtyard | 0.9% | 23 | Hard | In Place | No | 1.68x | 1.57x | 0 | 6 | 13,225,000 | 03/23/2014 | Yes | 71.8% | 61.6% | ||||||||||||||||||
Loan | 26 | Chatham Grove Apartments | 0.8% | Soft | Springing | No | 1.56x | 1.42x | 0 | 5 | 11,450,000 | 01/16/2014 | Yes | 73.3% | 61.1% | |||||||||||||||||||
Loan | 27 | Hilltop Shopping Center | 0.8% | Hard | Springing | No | 1.61x | 1.45x | 0 | 5 | 10,980,000 | 01/14/2014 | Yes | 73.7% | 61.0% | |||||||||||||||||||
Loan | 28 | Courtyard by Marriott - Hartford Manchester(29) | 0.7% | Soft | In Place | No | 1.78x | 1.43x | 5 | 1 | 9,700,000 | 04/10/2014 | Yes | 71.1% | 58.5% | |||||||||||||||||||
Loan | 29 | Academy Sports | 0.6% | 59 | Springing Hard | Springing | No | Yes - B | 1.41x | 1.31x | 0 | 1 | 11,050,000 | 03/15/2014 | Yes | 59.9% | 53.0% | |||||||||||||||||
Loan | 30 | Phoenix Point Townhomes(29) | 0.6% | Soft | Springing | No | 1.72x | 1.60x | 0 | 6 | 7,900,000 | 01/24/2014 | Yes | 74.0% | 60.4% |
A-1-5
COMM 2014-UBS3
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | Remaining | Crossed | FIRREA | Cut-Off | LTV Ratio | |||||||||||||||||||||||||||||
Property | Initial Pool | Interest Only | Cash | With | Related | Underwritten | Underwritten | Grace | Payment | Appraised | Appraisal | Compliant | Date LTV | at Maturity or | ||||||||||||||||||||
Flag | ID | Property Name | Balance | Period | Lockbox(9) | Management(10) | Other Loans | Borrower | NOI DSCR(8)(11) | NCF DSCR(8)(11) | Period(12) | Date | Value ($)(13) | As-of Date | (Yes/No) | Ratio(11)(13) | ARD(11)(13) | |||||||||||||||||
Loan | 31 | Kona and Kailua Self Storage Portfolio | 0.5% | None | None | No | 1.67x | 1.63x | 6 | 1 | 8,100,000 | 04/18/2014 | Yes | 71.3% | 57.9% | |||||||||||||||||||
Property | 31.01 | Kailua Self Storage | 0.4% | 5,300,000 | 04/18/2014 | Yes | ||||||||||||||||||||||||||||
Property | 31.02 | Kona Self Storage | 0.2% | 2,800,000 | 04/18/2014 | Yes | ||||||||||||||||||||||||||||
Loan | 32 | Woodbridge Apartments | 0.5% | Soft Springing Hard | Springing | No | 1.87x | 1.73x | 0 | 5 | 7,650,000 | 01/21/2014 | Yes | 73.7% | 68.2% | |||||||||||||||||||
Loan | 33 | Dollar General Portfolio | 0.5% | Springing Hard | Springing | No | 1.40x | 1.38x | 0 | 1 | 8,250,000 | 03/03/2014 | Yes | 68.2% | 56.0% | |||||||||||||||||||
Property | 33.01 | Dollar General - Punta Gorda | 0.1% | 2,200,000 | 03/03/2014 | Yes | ||||||||||||||||||||||||||||
Property | 33.02 | Dollar General - Cape Coral | 0.1% | 2,075,000 | 03/03/2014 | Yes | ||||||||||||||||||||||||||||
Property | 33.03 | Dollar General - Davenport | 0.1% | 2,000,000 | 03/03/2014 | Yes | ||||||||||||||||||||||||||||
Property | 33.04 | Dollar General - Winter Haven | 0.1% | 1,975,000 | 03/03/2014 | Yes | ||||||||||||||||||||||||||||
Loan | 34 | Walgreens, CVS, O’Reilly Auto Portfolio | 0.5% | Springing Hard | Springing | No | Yes - B | 1.79x | 1.74x | 0 | 1 | 10,225,000 | Various | Yes | 54.9% | 44.6% | ||||||||||||||||||
Property | 34.01 | Walgreens - Trenton, OH | 0.2% | 4,550,000 | 03/30/2014 | Yes | ||||||||||||||||||||||||||||
Property | 34.02 | CVS - Port St. Joe, FL | 0.2% | 4,175,000 | 03/26/2014 | Yes | ||||||||||||||||||||||||||||
Property | 34.03 | O’Reilly Auto - Kokomo, IN | 0.1% | 1,500,000 | 03/21/2014 | Yes | ||||||||||||||||||||||||||||
Loan | 35 | Fairfield Inn & Suites by Marriott | 0.5% | Hard | Springing | No | 1.60x | 1.42x | 0 | 5 | 7,800,000 | 12/12/2013 | Yes | 69.1% | 52.6% | |||||||||||||||||||
Loan | 36 | Walnut Ranch Apartments | 0.5% | 34 | Soft Springing Hard | Springing | No | 1.43x | 1.36x | 0 | 5 | 8,240,000 | 12/23/2013 | Yes | 64.3% | 57.3% | ||||||||||||||||||
Loan | 37 | Cholla Ranch Apartments | 0.5% | 11 | Soft | Springing | No | 1.85x | 1.69x | 0 | 6 | 9,000,000 | 01/28/2014 | Yes | 58.1% | 48.7% | ||||||||||||||||||
Loan | 38 | Casa Maribela | 0.5% | Springing Soft | Springing | No | 1.73x | 1.58x | 0 | 6 | 8,360,000 | 03/10/2014 | Yes | 60.9% | 56.1% | |||||||||||||||||||
Loan | 39 | Radcliff Square Shopping Center | 0.5% | Springing Hard | Springing | No | 1.71x | 1.52x | 0 | 5 | 6,900,000 | 01/01/2014 | Yes | 72.4% | 60.1% | |||||||||||||||||||
Loan | 40 | Prospect West | 0.5% | 11 | Hard | Springing | No | 1.51x | 1.27x | 5 | 1 | 8,000,000 | 03/14/2014 | Yes | 61.7% | 51.9% | ||||||||||||||||||
Loan | 41 | Downers Grove Industrial | 0.5% | Hard | Springing | No | 1.50x | 1.34x | 5 | 1 | 7,200,000 | 03/14/2014 | Yes | 66.6% | 54.7% | |||||||||||||||||||
Loan | 42 | Country Market | 0.5% | Hard | Springing | No | 1.58x | 1.55x | 0 | 5 | 6,800,000 | 01/27/2014 | Yes | 70.4% | 58.4% | |||||||||||||||||||
Loan | 43 | Addison Place | 0.4% | Hard | Springing | No | 1.69x | 1.53x | 0 | 6 | 6,200,000 | 02/13/2014 | Yes | 74.1% | 61.0% | |||||||||||||||||||
Loan | 44 | Baymeadows | 0.4% | Soft | Springing | No | 1.81x | 1.67x | 0 | 5 | 6,700,000 | 08/15/2013 | Yes | 66.5% | 54.9% | |||||||||||||||||||
Loan | 45 | Executive Center IV | 0.4% | Hard | In Place | No | 1.60x | 1.28x | 0 | 6 | 7,300,000 | 11/08/2013 | Yes | 49.9% | 47.8% | |||||||||||||||||||
Loan | 46 | La Quinta - Savannah Airport | 0.4% | Hard | Springing | No | 1.61x | 1.42x | 0 | 6 | 6,000,000 | 02/11/2014 | Yes | 67.2% | 52.2% | |||||||||||||||||||
Loan | 47 | Holiday Inn Staunton Conference Center | 0.4% | Hard | Springing | No | 2.11x | 1.77x | 0 | 5 | 6,000,000 | 03/14/2014 | Yes | 66.6% | 60.0% | |||||||||||||||||||
Loan | 48 | Shoppes at Carol Stream | 0.4% | Hard | Springing | No | 1.74x | 1.65x | 0 | 5 | 7,200,000 | 02/18/2014 | Yes | 53.0% | 40.0% | |||||||||||||||||||
Loan | 49 | Coral Springs Apartment Portfolio | 0.3% | Springing Soft | Springing | No | 1.50x | 1.45x | 0 | 5 | 4,700,000 | 02/05/2014 | Yes | 73.2% | 60.5% | |||||||||||||||||||
Property | 49.01 | Castlewood Townhome Apartments | 0.2% | 2,700,000 | 02/05/2014 | Yes | ||||||||||||||||||||||||||||
Property | 49.02 | Glenwood Apartments | 0.1% | 2,000,000 | 02/05/2014 | Yes |
A-1-6
COMM 2014-UBS3
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Net | Loan per Net | |||||||||||||||||||||||||
% of | Rentable Area | Units | Rentable Area | |||||||||||||||||||||||
Property | Initial Pool | Year | Year | (SF/Units/Beds | of | (SF/Units/Beds | ||||||||||||||||||||
Flag | ID | Property Name | Balance | Address | City | County | State | Zip Code | Built | Renovated | Rooms/Pads)(5) | Measure | Rooms/Pads) ($)(11) | |||||||||||||
Loan | 1 | Bronx Terminal Market(27)(29)(30) | 9.9% | 658 River Avenue | Bronx | Bronx | NY | 10451 | 2009 | NAP | 912,333 | Sq. Ft. | 417 | |||||||||||||
Loan | 2 | State Farm Portfolio(27)(28) | 9.5% | Various | Various | Various | Various | Various | Various | Various | 3,397,783 | Sq. Ft. | 113 | |||||||||||||
Property | 2.01 | Charlottesville State Farm Office | 1.3% | 1500 State Farm Boulevard | Charlottesville | Albemarle | VA | 22909 | 1978 | 2012 | 362,155 | Sq. Ft. | 143 | |||||||||||||
Property | 2.02 | Murfreesboro State Farm Office | 1.1% | 2500 Memorial Boulevard | Murfreesboro | Rutherford | TN | 37131 | 1989 | NAP | 402,177 | Sq. Ft. | 113 | |||||||||||||
Property | 2.03 | Ballston Spa State Farm Office | 1.0% | 100 State Farm Place | Malta | Saratoga | NY | 12020 | 1991 | 2012 | 336,382 | Sq. Ft. | 121 | |||||||||||||
Property | 2.04 | Birmingham State Farm Office | 0.9% | 100 State Farm Parkway | Birmingham | Jefferson | AL | 35209 | 1992 | NAP | 312,989 | Sq. Ft. | 119 | |||||||||||||
Property | 2.05 | Tulsa State Farm Office | 0.8% | 12222 State Farm Boulevard | Tulsa | Tulsa | OK | 74146 | 1989 | NAP | 287,580 | Sq. Ft. | 115 | |||||||||||||
Property | 2.06 | Columbia State Farm Office | 0.8% | 4700 South Providence Road | Columbia | Boone | MO | 65203 | 1992 | 2008-2013 | 335,049 | Sq. Ft. | 98 | |||||||||||||
Property | 2.07 | Jacksonville State Farm Office | 0.8% | 8001 Baymeadows Way | Jacksonville | Duval | FL | 32256 | 1977 | NAP | 302,440 | Sq. Ft. | 108 | |||||||||||||
Property | 2.08 | Lincoln North State Farm Office | 0.6% | 222 South 84th Street | Lincoln | Lancaster | NE | 68510 | 1988 | 2011 | 224,175 | Sq. Ft. | 107 | |||||||||||||
Property | 2.09 | Greeley Central State Farm Office | 0.5% | 1555 Promontory Circle | Greeley | Weld | CO | 80634 | 2003 | NAP | 194,203 | Sq. Ft. | 112 | |||||||||||||
Property | 2.10 | New Albany State Farm Office | 0.5% | 5400 New Albany Road East | New Albany | Franklin | OH | 43054 | 2002 | NAP | 148,782 | Sq. Ft. | 125 | |||||||||||||
Property | 2.11 | Lincoln South State Farm Office | 0.3% | 500 South 84th Street | Lincoln | Lancaster | NE | 68510 | 2000 | 2007 | 128,971 | Sq. Ft. | 107 | |||||||||||||
Property | 2.12 | Greeley South State Farm Office | 0.3% | 1555 Promontory Circle | Greeley | Weld | CO | 80634 | 2003 | NAP | 112,874 | Sq. Ft. | 105 | |||||||||||||
Property | 2.13 | Kalamazoo State Farm Office | 0.2% | 5564 Portage Road | Portage | Kalamazoo | MI | 49002 | 1989 | 1998 | 105,639 | Sq. Ft. | 95 | |||||||||||||
Property | 2.14 | Greeley North State Farm Office | 0.2% | 1555 Promontory Circle | Greeley | Weld | CO | 80634 | 2001 | NAP | 144,367 | Sq. Ft. | 67 | |||||||||||||
Loan | 3 | Equitable Plaza | 9.0% | 3425 Wilshire Boulevard | Los Angeles | Los Angeles | CA | 90010 | 1969 | 1993 | 688,292 | Sq. Ft. | 138 | |||||||||||||
Loan | 4 | Southfield Town Center(27) | 7.6% | 1000, 2000, 3000, 4000 and 4400 Town Center | Southfield | Oakland | MI | 48075 | 1975-1989 | NAP | 2,152,344 | Sq. Ft. | 66 | |||||||||||||
Loan | 5 | Sixty LES | 5.9% | 190 Allen Street | New York | New York | NY | 10002 | 2008 | 2014 | 141 | Rooms | 441,489 | |||||||||||||
Loan | 6 | 1100 Superior Avenue(29) | 5.0% | 1100 Superior Avenue East | Cleveland | Cuyahoga | OH | 44114 | 1972 | 2007-2013 | 576,766 | Sq. Ft. | 91 | |||||||||||||
Loan | 7 | Solo Cup | 4.5% | 701 Central Avenue | University Park | Will | IL | 60484 | 2003, 2005 | NAP | 1,552,475 | Sq. Ft. | 30 | |||||||||||||
Loan | 8 | Hilton Charlotte University Place | 4.3% | 8629 JM Keynes Drive | Charlotte | Mecklenburg | NC | 28262 | 1987, 1999 | 2007, 2008, 2013 | 393 | Rooms | 114,371 | |||||||||||||
Loan | 9 | Sunrise Hospitality Portfolio | 3.2% | Various | Various | Various | LA | Various | Various | Various | 400 | Rooms | 84,905 | |||||||||||||
Property | 9.01 | Holiday Inn Express & Suites - West Monroe | 1.1% | 603 Constitution Drive | West Monroe | Ouichita | LA | 71292 | 2003 | 2013 | 88 | Rooms | 131,104 | |||||||||||||
Property | 9.02 | Holiday Inn Express & Suites - Shreveport South Park Plaza | 0.8% | 8751 Park Plaza Drive | Shreveport | Caddo | LA | 71105 | 2006 | 2011 | 69 | Rooms | 119,432 | |||||||||||||
Property | 9.03 | Holiday Inn Express & Suites - Bossier City Race Track | 0.5% | 7970 East Texas Street | Bossier City | Bossier | LA | 71111 | 2012 | NAP | 87 | Rooms | 64,641 | |||||||||||||
Property | 9.04 | Hampton Inn & Suites - Bossier City | 0.5% | 2691 Viking Drive | Bossier City | Bossier | LA | 71111 | 2011 | NAP | 71 | Rooms | 69,922 | |||||||||||||
Property | 9.05 | Holiday Inn Express & Suites - Shreveport Airport | 0.3% | 5420 Interstate Drive | Shreveport | Caddo | LA | 71109 | 2008 | NAP | 85 | Rooms | 42,306 | |||||||||||||
Loan | 10 | Village Square and Deerpath Court | 2.9% | Various | Lake Zurich | Lake | IL | 60047 | Various | Various | 363,049 | Sq. Ft. | 85 | |||||||||||||
Property | 10.01 | Village Square | 1.8% | 461 - 513 South Rand Road; 719 - 795 West Route 22 | Lake Zurich | Lake | IL | 60047 | 1974 | 1989 | 209,997 | Sq. Ft. | 91 | |||||||||||||
Property | 10.02 | Deerpath Court | 1.1% | 696 - 832 South Rand Road | Lake Zurich | Lake | IL | 60047 | 1990 | NAP | 153,052 | Sq. Ft. | 78 | |||||||||||||
Loan | 11 | Newport Commons(31) | 2.7% | 600 and 701 Creekside Lane | Lititz | Lancaster | PA | 17543 | 2004, 2007, 2010 | NAP | 293 | Units | 97,782 | |||||||||||||
Loan | 12 | Preserve at Grande Oaks | 2.6% | 111 Grande Oaks Drive | Fayetteville | Cumberland | NC | 28314 | 2002, 2006 | NAP | 315 | Units | 86,984 | |||||||||||||
Loan | 13 | Pine Haven RV Park | 2.4% | 2339 Route 9 | Ocean View | Cape May | NJ | 08230 | 1965-1980 | 2013 | 617 | Pads | 40,519 | |||||||||||||
Loan | 14 | Westgate Plaza | 2.4% | 8835-8859 Veterans Memorial Boulevard | Metairie | Jefferson | LA | 70003 | 1986 | 2013 | 199,863 | Sq. Ft. | 125 | |||||||||||||
Loan | 15 | Enclave at Prestonwood | 2.2% | 5930 Arapaho Road | Dallas | Dallas | TX | 75248 | 1972, 1978 | 2012 | 466 | Units | 50,987 | |||||||||||||
Loan | 16 | Capstar Plaza | 2.2% | 1703 West 5th Street | Austin | Travis | TX | 78703 | 2009 | NAP | 115,975 | Sq. Ft. | NAP | |||||||||||||
Loan | 17 | Florida Multifamily Portfolio | 2.0% | Various | Various | Various | FL | Various | Various | 2013 | 469 | Units | 44,648 | |||||||||||||
Property | 17.01 | Shadowood Apartments | 0.5% | 1927 Sanford Circle | Sarasota | Sarasota | FL | 34234 | 1981 | 2013 | 139 | Units | 41,547 | |||||||||||||
Property | 17.02 | University Square Apartments | 0.4% | 2900 University Square Drive | Tampa | Hillsborough | FL | 33612 | 1978 | 2013 | 81 | Units | 52,130 | |||||||||||||
Property | 17.03 | Terrace Trace Apartments | 0.4% | 9135 Talina Lane | Tampa | Hillsborough | FL | 33637 | 1985 | 2013 | 87 | Units | 47,328 | |||||||||||||
Property | 17.04 | Hidden Acres Apartments | 0.4% | 1284 Hidden Circle East | Sarasota | Manatee | FL | 34243 | 1986 | 2013 | 94 | Units | 41,489 | |||||||||||||
Property | 17.05 | Pinellas Pines Apartments | 0.3% | 8501 52nd Street North | Pinellas Park | Pinellas | FL | 33781 | 1983 | 2013 | 68 | Units | 43,015 | |||||||||||||
Loan | 18 | North Penn Business Park | 2.0% | 1000 North Cannon Avenue | Lansdale | Montgomery | PA | 19446 | 1940, 1950, 1960 | 1985 | 726,545 | Sq. Ft. | 29 | |||||||||||||
Loan | 19 | Cincinnati Multifamily Portfolio | 1.4% | Various | Various | Various | OH | Various | Various | NAP | 537 | Units | 26,568 | |||||||||||||
Property | 19.01 | Alms Hills | 0.4% | 2525 Victory Parkway | Cincinnati | Hamilton | OH | 45206 | 1925 | NAP | 200 | Units | 22,352 | |||||||||||||
Property | 19.02 | Reids Valley | 0.4% | 1990 Westwood Northern Boulevard | Cincinnati | Hamilton | OH | 45225 | 1970 | NAP | 114 | Units | 39,027 | |||||||||||||
Property | 19.03 | Shelton Gardens | 0.3% | 2000 Westwood Northern Boulevard | Cincinnati | Hamilton | OH | 45225 | 1968 | NAP | 137 | Units | 23,628 | |||||||||||||
Property | 19.04 | Lima Club | 0.2% | 1855 North Cole Street | Lima | Allen | OH | 45801 | 1979 | NAP | 86 | Units | 24,540 | |||||||||||||
Loan | 20 | Rochester Gas & Electric | 1.2% | 1300 Scottsville Road | Rochester | Monroe | NY | 14624 | 2001 | NAP | 138,500 | Sq. Ft. | 95 | |||||||||||||
Loan | 21 | Holiday Inn Express & Suites Santa Cruz(29) | 1.2% | 1410 Ocean Street | Santa Cruz | Santa Cruz | CA | 95060 | 2009 | 2013 | 100 | Rooms | 125,000 | |||||||||||||
Loan | 22 | 3350 George Washington Way | 1.1% | 3350 George Washington Way | Richland | Benton | WA | 99354 | 1996 | NAP | 83,921 | Sq. Ft. | 140 | |||||||||||||
Loan | 23 | Drummer Boy RV Park | 1.1% | 1 Rocky Grove Road | Gettysburg | Adams | PA | 17325 | 1965 | NAP | 446 | Pads | 25,897 | |||||||||||||
Loan | 24 | Aspen Woods Apartments | 0.9% | 2910 South Collins Street | Arlington | Tarrant | TX | 76014 | 1977 | NAP | 228 | Units | 42,105 | |||||||||||||
Loan | 25 | Cypress Courtyard | 0.9% | 1040-1094 Cypress Parkway | Poinciana | Osceola | FL | 34759 | 2007 | NAP | 56,060 | Sq. Ft. | 169 | |||||||||||||
Loan | 26 | Chatham Grove Apartments | 0.8% | 8332-8416 South Cottage Grove Avenue | Chicago | Cook | IL | 60619 | 1951 | NAP | 240 | Units | 34,966 | |||||||||||||
Loan | 27 | Hilltop Shopping Center | 0.8% | 1627, 1667, 1675, & 1691 Hilltop Drive | Redding | Shasta | CA | 96002 | 1985 | NAP | 68,908 | Sq. Ft. | 117 | |||||||||||||
Loan | 28 | Courtyard by Marriott - Hartford Manchester(29) | 0.7% | 225 Slater Street | Manchester | Hartford | CT | 06042 | 1999 | 2011 | 90 | Rooms | 76,585 | |||||||||||||
Loan | 29 | Academy Sports | 0.6% | 14405 West 135th Street | Olathe | Johnson | KS | 66062 | 2013 | NAP | 71,927 | Sq. Ft. | 92 | |||||||||||||
Loan | 30 | Phoenix Point Townhomes(29) | 0.6% | 1691 Red Robin Road | Columbus | Franklin | OH | 43229 | 1973 | 2011-2014 | 216 | Units | 27,053 |
A-1-7
COMM 2014-UBS3
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Net | Loan per Net | |||||||||||||||||||||||||
% of | Rentable Area | Units | Rentable Area | |||||||||||||||||||||||
Property | Initial Pool | Year | Year | (SF/Units/Beds | of | (SF/Units/Beds | ||||||||||||||||||||
Flag | ID | Property Name | Balance | Address | City | County | State | Zip Code | Built | Renovated | Rooms/Pads)(5) | Measure | Rooms/Pads) ($)(11) | |||||||||||||
Loan | 31 | Kona and Kailua Self Storage Portfolio | 0.5% | Various | Various | Hawaii | HI | Various | Various | Various | 80,799 | Sq. Ft. | 71 | |||||||||||||
Property | 31.01 | Kailua Self Storage | 0.4% | 73-5591 Maiau Street | Kailua-Kona | Hawaii | HI | 96740 | 2001 | NAP | 46,939 | Sq. Ft. | 80 | |||||||||||||
Property | 31.02 | Kona Self Storage | 0.2% | 81-934 Halekii Street | Kealakekua | Hawaii | HI | 96750 | 1995 | 1999 | 33,860 | Sq. Ft. | 59 | |||||||||||||
Loan | 32 | Woodbridge Apartments | 0.5% | 2567 Whites Mill Road | Decatur | DeKalb | GA | 30034 | 1971 | 2013 | 212 | Units | 26,592 | |||||||||||||
Loan | 33 | Dollar General Portfolio | 0.5% | Various | Various | Various | FL | Various | Various | NAP | 36,400 | Sq. Ft. | 155 | |||||||||||||
Property | 33.01 | Dollar General - Punta Gorda | 0.1% | 1300 Tamiami Trail | Punta Gorda | Charlotte | FL | 33950 | 2014 | NAP | 9,100 | Sq. Ft. | 165 | |||||||||||||
Property | 33.02 | Dollar General - Cape Coral | 0.1% | 1612 Skyline Boulevard | Cape Coral | Lee | FL | 33991 | 2013 | NAP | 9,100 | Sq. Ft. | 155 | |||||||||||||
Property | 33.03 | Dollar General - Davenport | 0.1% | 49571 U.S. Highway 27 | Davenport | Polk | FL | 33897 | 2013 | NAP | 9,100 | Sq. Ft. | 150 | |||||||||||||
Property | 33.04 | Dollar General - Winter Haven | 0.1% | 8695 Lake Ruby Drive West | Winter Haven | Polk | FL | 33884 | 2014 | NAP | 9,100 | Sq. Ft. | 148 | |||||||||||||
Loan | 34 | Walgreens, CVS, O’Reilly Auto Portfolio | 0.5% | Various | Various | Various | Various | Various | Various | NAP | 35,255 | Sq. Ft. | 159 | |||||||||||||
Property | 34.01 | Walgreens - Trenton, OH | 0.2% | 1001 West State Street | Trenton | Butler | OH | 45067 | 2007 | NAP | 14,820 | Sq. Ft. | 168 | |||||||||||||
Property | 34.02 | CVS - Port St. Joe, FL | 0.2% | 110 West U.S. Highway 98 | Port Saint Joe | Gulf | FL | 32456 | 2010 | NAP | 13,225 | Sq. Ft. | 176 | |||||||||||||
Property | 34.03 | O’Reilly Auto - Kokomo, IN | 0.1% | 1701 East Jefferson Street | Kokomo | Howard | IN | 46901 | 2013 | NAP | 7,210 | Sq. Ft. | 111 | |||||||||||||
Loan | 35 | Fairfield Inn & Suites by Marriott | 0.5% | 9783 Route 14 | Streetsboro | Portage | OH | 44241 | 1998 | 2008, 2009 | 81 | Rooms | 66,572 | |||||||||||||
Loan | 36 | Walnut Ranch Apartments | 0.5% | 1300 West H Street | Dixon | Solano | CA | 95620 | 1984 | NAP | 95 | Units | 55,789 | |||||||||||||
Loan | 37 | Cholla Ranch Apartments | 0.5% | 316 North Miller Road | Buckeye | Maricopa | AZ | 85326 | 2001 | NAP | 180 | Units | 29,056 | |||||||||||||
Loan | 38 | Casa Maribela | 0.5% | 2540 West Maryland Avenue | Phoenix | Maricopa | AZ | 85017 | 1985 | 2012 | 191 | Units | 26,638 | |||||||||||||
Loan | 39 | Radcliff Square Shopping Center | 0.5% | 137-205 East Lincoln Trail Boulevard | Radcliff | Hardin | KY | 40160 | 1987 | NAP | 97,070 | Sq. Ft. | 51 | |||||||||||||
Loan | 40 | Prospect West | 0.5% | 3062 and 3078 Prospect Park Drive | Rancho Cordova | Sacramento | CA | 95670 | 1986 | 2013 | 61,358 | Sq. Ft. | 80 | |||||||||||||
Loan | 41 | Downers Grove Industrial | 0.5% | 1140 31st Street | Downers Grove | DuPage | IL | 60515 | 1980 | 1990 | 42,000 | Sq. Ft. | 114 | |||||||||||||
Loan | 42 | Country Market | 0.5% | 1255 South Main Street | Chelsea | Washtenaw | MI | 48118 | 1999 | NAP | 49,836 | Sq. Ft. | 96 | |||||||||||||
Loan | 43 | Addison Place | 0.4% | 11705 Jones Bridge Road | Johns Creek | Fulton | GA | 30005 | 2004 | NAP | 44,318 | Sq. Ft. | 104 | |||||||||||||
Loan | 44 | Baymeadows | 0.4% | 9801 Old Baymeadows Road | Jacksonville | Duval | FL | 32256 | 1972 | 2013 | 162 | Units | 27,511 | |||||||||||||
Loan | 45 | Executive Center IV | 0.4% | 235 North Executive Drive | Brookfield | Waukesha | WI | 53005 | 1980 | 2007 | 85,613 | Sq. Ft. | 49 | |||||||||||||
Loan | 46 | La Quinta - Savannah Airport | 0.4% | 414 Gray Street | Pooler | Chatham | GA | 31322 | 2008 | NAP | 63 | Rooms | 64,024 | |||||||||||||
Loan | 47 | Holiday Inn Staunton Conference Center | 0.4% | 152 Fairway Lane | Staunton | Augusta | VA | 24401 | 1987 | 2011, 2012 | 117 | Rooms | 34,141 | |||||||||||||
Loan | 48 | Shoppes at Carol Stream | 0.4% | 596-608 East North Avenue | Carol Stream | DuPage | IL | 60188 | 2007 | NAP | 21,153 | Sq. Ft. | 180 | |||||||||||||
Loan | 49 | Coral Springs Apartment Portfolio | 0.3% | Various | Coral Springs | Broward | FL | 33065 | Various | NAP | 43 | Units | 79,968 | |||||||||||||
Property | 49.01 | Castlewood Townhome Apartments | 0.2% | 3840 Northwest 115th Avenue & 11550-11584 Northwest 39th Street | Coral Springs | Broward | FL | 33065 | 1987 | NAP | 24 | Units | 83,059 | |||||||||||||
Property | 49.02 | Glenwood Apartments | 0.1% | 11551 Northwest 45th Street | Coral Springs | Broward | FL | 33065 | 1984 | NAP | 19 | Units | 76,064 |
A-1-8
COMM 2014-UBS3
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | Trailing 12 | |||||||||||||||||||||||||||||||
Property | Initial Pool | Prepayment Provisions | Operating | Trailing 12 | Trailing 12 | Trailing 12 | 2013 Operating | 2013 | 2013 | 2013 | 2012 Operating | 2012 | 2012 | 2012 | ||||||||||||||||||
Flag | ID | Property Name | Balance | (# of payments)(14) | Statement Date | EGI ($) | Expenses($) | NOI($) | Statement Date | EGI($) | Expenses($) | NOI($) | Statement Date | EGI($) | Expenses($) | NOI($) | ||||||||||||||||
Loan | 1 | Bronx Terminal Market(27)(29)(30) | 9.9% | L(25), D(90), O(5) | 12/31/2013 | 40,917,796 | 12,689,002 | 28,228,794 | 12/31/2012 | 40,127,406 | 12,525,866 | 27,601,540 | ||||||||||||||||||||
Loan | 2 | State Farm Portfolio(27)(28) | 9.5% | L(26), D(90), O(4) | ||||||||||||||||||||||||||||
Property | 2.01 | Charlottesville State Farm Office | 1.3% | |||||||||||||||||||||||||||||
Property | 2.02 | Murfreesboro State Farm Office | 1.1% | |||||||||||||||||||||||||||||
Property | 2.03 | Ballston Spa State Farm Office | 1.0% | |||||||||||||||||||||||||||||
Property | 2.04 | Birmingham State Farm Office | 0.9% | |||||||||||||||||||||||||||||
Property | 2.05 | Tulsa State Farm Office | 0.8% | |||||||||||||||||||||||||||||
Property | 2.06 | Columbia State Farm Office | 0.8% | |||||||||||||||||||||||||||||
Property | 2.07 | Jacksonville State Farm Office | 0.8% | |||||||||||||||||||||||||||||
Property | 2.08 | Lincoln North State Farm Office | 0.6% | |||||||||||||||||||||||||||||
Property | 2.09 | Greeley Central State Farm Office | 0.5% | |||||||||||||||||||||||||||||
Property | 2.10 | New Albany State Farm Office | 0.5% | |||||||||||||||||||||||||||||
Property | 2.11 | Lincoln South State Farm Office | 0.3% | |||||||||||||||||||||||||||||
Property | 2.12 | Greeley South State Farm Office | 0.3% | |||||||||||||||||||||||||||||
Property | 2.13 | Kalamazoo State Farm Office | 0.2% | |||||||||||||||||||||||||||||
Property | 2.14 | Greeley North State Farm Office | 0.2% | |||||||||||||||||||||||||||||
Loan | 3 | Equitable Plaza | 9.0% | L(24), D(91), O(5) | 12/31/2013 | 12,419,575 | 4,907,010 | 7,512,565 | 12/31/2012 | 13,032,054 | 4,929,735 | 8,102,319 | ||||||||||||||||||||
Loan | 4 | Southfield Town Center(27) | 7.6% | L(25), D(88), O(7) | 12/31/2013 | 37,101,544 | 19,754,723 | 17,346,820 | 12/31/2012 | 37,781,659 | 17,317,363 | 20,464,296 | ||||||||||||||||||||
Loan | 5 | Sixty LES | 5.9% | L(25), D(32), O(3) | 12/31/2013 | 15,317,619 | 8,418,284 | 6,899,335 | 12/31/2012 | 14,587,300 | 8,149,162 | 6,438,138 | ||||||||||||||||||||
Loan | 6 | 1100 Superior Avenue(29) | 5.0% | L(24), YM1(92), O(4) | T-12 2/28/2014 | 8,079,425 | 4,401,930 | 3,677,495 | 12/31/2013 | 7,850,819 | 4,629,198 | 3,221,621 | 12/31/2012 | 8,790,417 | 3,978,710 | 4,811,707 | ||||||||||||||||
Loan | 7 | Solo Cup | 4.5% | L(28), D(85), O(7) | ||||||||||||||||||||||||||||
Loan | 8 | Hilton Charlotte University Place | 4.3% | L(25), D(30), O(5) | T-12 2/28/2014 | 18,347,615 | 12,813,170 | 5,534,445 | 12/31/2013 | 17,840,265 | 12,653,331 | 5,186,934 | 12/31/2012 | 18,010,949 | 12,835,153 | 5,175,796 | ||||||||||||||||
Loan | 9 | Sunrise Hospitality Portfolio | 3.2% | L(24), YM1(89), O(7) | T-12 3/31/2014 | 10,700,703 | 6,734,602 | 3,966,101 | 12/31/2013 | 10,422,637 | 6,526,212 | 3,896,425 | 12/31/2012 | 10,263,802 | 6,122,318 | 4,141,484 | ||||||||||||||||
Property | 9.01 | Holiday Inn Express & Suites - West Monroe | 1.1% | T-12 3/31/2014 | 2,961,990 | 1,684,580 | 1,277,410 | 12/31/2013 | 2,972,434 | 1,658,698 | 1,313,736 | 12/31/2012 | 2,741,576 | 1,459,932 | 1,281,644 | |||||||||||||||||
Property | 9.02 | Holiday Inn Express & Suites - Shreveport South Park Plaza | 0.8% | T-12 3/31/2014 | 2,293,704 | 1,349,815 | 943,889 | 12/31/2013 | 2,207,804 | 1,277,321 | 930,483 | 12/31/2012 | 2,322,939 | 1,286,460 | 1,036,479 | |||||||||||||||||
Property | 9.03 | Holiday Inn Express & Suites - Bossier City Race Track | 0.5% | T-12 3/31/2014 | 1,897,331 | 1,212,607 | 684,724 | 12/31/2013 | 1,822,430 | 1,181,613 | 640,817 | 12/31/2012 | 1,385,402 | 972,732 | 412,670 | |||||||||||||||||
Property | 9.04 | Hampton Inn & Suites - Bossier City | 0.5% | T-12 3/31/2014 | 1,769,232 | 1,164,287 | 604,945 | 12/31/2013 | 1,679,338 | 1,123,449 | 555,889 | 12/31/2012 | 1,789,021 | 1,051,630 | 737,391 | |||||||||||||||||
Property | 9.05 | Holiday Inn Express & Suites - Shreveport Airport | 0.3% | T-12 3/31/2014 | 1,778,446 | 1,323,312 | 455,134 | 12/31/2013 | 1,740,631 | 1,285,131 | 455,500 | 12/31/2012 | 2,024,864 | 1,351,564 | 673,300 | |||||||||||||||||
Loan | 10 | Village Square and Deerpath Court | 2.9% | L(26), D(90), O(4) | T-12 2/28/2014 | 4,807,750 | 1,729,152 | 3,078,597 | 12/31/2013 | 4,686,356 | 1,658,545 | 3,027,811 | 12/31/2012 | 4,814,274 | 1,545,965 | 3,268,309 | ||||||||||||||||
Property | 10.01 | Village Square | 1.8% | T-12 2/28/2014 | 3,089,952 | 1,047,659 | 2,042,293 | 12/31/2013 | 2,975,449 | 1,007,606 | 1,967,842 | 12/31/2012 | 3,083,725 | 952,353 | 2,131,372 | |||||||||||||||||
Property | 10.02 | Deerpath Court | 1.1% | T-12 2/28/2014 | 1,717,797 | 681,493 | 1,036,304 | 12/31/2013 | 1,710,907 | 650,938 | 1,059,969 | 12/31/2012 | 1,730,549 | 593,612 | 1,136,937 | |||||||||||||||||
Loan | 11 | Newport Commons(31) | 2.7% | L(25), D(91), O(4) | 12/31/2013 | 3,577,254 | 1,215,101 | 2,362,153 | 12/31/2012 | 3,478,424 | 1,098,632 | 2,379,792 | ||||||||||||||||||||
Loan | 12 | Preserve at Grande Oaks | 2.6% | L(25), D(91), O(4) | T-12 3/31/2014 | 3,588,238 | 1,312,242 | 2,275,996 | 12/31/2013 | 3,527,559 | 1,367,646 | 2,159,913 | 12/31/2012 | 3,596,964 | 1,260,667 | 2,336,297 | ||||||||||||||||
Loan | 13 | Pine Haven RV Park | 2.4% | L(24), D(92), O(4) | 12/31/2013 | 3,600,779 | 1,391,147 | 2,209,632 | 12/31/2012 | 3,213,625 | 1,206,014 | 2,007,611 | ||||||||||||||||||||
Loan | 14 | Westgate Plaza | 2.4% | L(25), YM1(92), O(3) | 12/31/2013 | 2,939,108 | 693,155 | 2,245,953 | 12/31/2012 | 1,602,807 | 524,804 | 1,078,003 | ||||||||||||||||||||
Loan | 15 | Enclave at Prestonwood | 2.2% | L(25), D(91), O(4) | T-12 2/28/2014 | 3,733,443 | 1,999,449 | 1,733,994 | 12/31/2013 | 3,650,904 | 1,942,407 | 1,708,497 | 12/31/2012 | 3,049,507 | 1,905,210 | 1,144,298 | ||||||||||||||||
Loan | 16 | Capstar Plaza | 2.2% | L(26), D(90), O(4) | T-12 7/31/2013 | 5,557,676 | 2,009,320 | 3,548,356 | 12/31/2012 | 5,381,355 | 1,876,096 | 3,505,259 | ||||||||||||||||||||
Loan | 17 | Florida Multifamily Portfolio | 2.0% | L(26), D(90), O(4) | T-12 1/31/2014 | 3,384,404 | 1,278,656 | 2,105,748 | 12/31/2013 | 3,312,169 | 1,282,840 | 2,029,329 | 12/31/2012 | 2,885,804 | 1,243,986 | 1,641,818 | ||||||||||||||||
Property | 17.01 | Shadowood Apartments | 0.5% | T-12 1/31/2014 | 1,005,263 | 323,515 | 681,748 | 12/31/2013 | 995,417 | 328,439 | 666,978 | 12/31/2012 | 780,480 | 330,330 | 450,150 | |||||||||||||||||
Property | 17.02 | University Square Apartments | 0.4% | T-12 1/31/2014 | 568,787 | 212,207 | 356,580 | 12/31/2013 | 554,138 | 212,165 | 341,973 | 12/31/2012 | 510,964 | 191,001 | 319,963 | |||||||||||||||||
Property | 17.03 | Terrace Trace Apartments | 0.4% | T-12 1/31/2014 | 615,766 | 226,071 | 389,695 | 12/31/2013 | 608,505 | 233,032 | 375,473 | 12/31/2012 | 542,088 | 234,933 | 307,155 | |||||||||||||||||
Property | 17.04 | Hidden Acres Apartments | 0.4% | T-12 1/31/2014 | 656,736 | 266,495 | 390,241 | 12/31/2013 | 614,865 | 261,488 | 353,377 | 12/31/2012 | 534,475 | 249,419 | 285,056 | |||||||||||||||||
Property | 17.05 | Pinellas Pines Apartments | 0.3% | T-12 1/31/2014 | 537,852 | 250,369 | 287,483 | 12/31/2013 | 539,244 | 247,716 | 291,528 | 12/31/2012 | 517,797 | 238,303 | 279,494 | |||||||||||||||||
Loan | 18 | North Penn Business Park | 2.0% | L(26), D(91), O(3) | T-12 1/31/2014 | 3,215,640 | 1,410,675 | 1,804,965 | 12/31/2013 | 3,190,013 | 1,384,319 | 1,805,694 | 12/31/2012 | 3,165,667 | 1,363,256 | 1,802,411 | ||||||||||||||||
Loan | 19 | Cincinnati Multifamily Portfolio | 1.4% | L(26), D(90), O(4) | 12/31/2013 | 3,743,950 | 1,949,581 | 1,794,369 | 12/31/2012 | 3,635,133 | 1,918,177 | 1,716,956 | ||||||||||||||||||||
Property | 19.01 | Alms Hills | 0.4% | 12/31/2013 | 1,355,212 | 799,329 | 555,883 | 12/31/2012 | 1,300,068 | 751,818 | 548,250 | |||||||||||||||||||||
Property | 19.02 | Reids Valley | 0.4% | 12/31/2013 | 991,760 | 426,280 | 565,480 | 12/31/2012 | 960,556 | 424,267 | 536,289 | |||||||||||||||||||||
Property | 19.03 | Shelton Gardens | 0.3% | 12/31/2013 | 840,597 | 410,371 | 430,226 | 12/31/2012 | 842,492 | 482,273 | 360,219 | |||||||||||||||||||||
Property | 19.04 | Lima Club | 0.2% | 12/31/2013 | 556,381 | 313,601 | 242,780 | 12/31/2012 | 532,017 | 259,819 | 272,198 | |||||||||||||||||||||
Loan | 20 | Rochester Gas & Electric | 1.2% | L(25), D(91), O(4) | 12/31/2012 | 1,488,875 | 1,488,875 | |||||||||||||||||||||||||
Loan | 21 | Holiday Inn Express & Suites Santa Cruz(29) | 1.2% | L(23), YM1(93), O(4) | T-12 2/28/2014 | 3,794,956 | 2,231,344 | 1,563,612 | 12/31/2013 | 3,740,463 | 2,231,303 | 1,509,160 | 12/31/2012 | 3,479,121 | 2,105,756 | 1,373,365 | ||||||||||||||||
Loan | 22 | 3350 George Washington Way | 1.1% | L(26), D(91), O(3) | 12/31/2013 | 1,623,775 | 530,822 | 1,092,952 | 12/31/2012 | 1,729,314 | 540,736 | 1,188,578 | ||||||||||||||||||||
Loan | 23 | Drummer Boy RV Park | 1.1% | L(24), D(92), O(4) | 12/31/2013 | 2,330,217 | 1,184,640 | 1,145,577 | 12/31/2012 | 2,223,157 | 1,181,824 | 1,041,333 | ||||||||||||||||||||
Loan | 24 | Aspen Woods Apartments | 0.9% | L(24), YM1(93), O(3) | T-12 2/28/2014 | 1,758,083 | 895,363 | 862,720 | 12/31/2013 | 1,752,565 | 867,633 | 884,931 | 12/31/2012 | 1,522,063 | 846,599 | 675,464 | ||||||||||||||||
Loan | 25 | Cypress Courtyard | 0.9% | L(25), D(91), O(4) | Annualized T-11 11/30/2013 | 1,293,420 | 289,813 | 1,003,607 | 12/31/2012 | 1,247,176 | 282,484 | 964,692 | ||||||||||||||||||||
Loan | 26 | Chatham Grove Apartments | 0.8% | L(25), D(92), O(3) | 12/31/2013 | 1,700,491 | 888,935 | 811,556 | 12/31/2012 | 1,654,960 | 815,518 | 839,442 | ||||||||||||||||||||
Loan | 27 | Hilltop Shopping Center | 0.8% | L(25), D(92), O(3) | T-12 3/31/2014 | 827,923 | 282,093 | 545,831 | 12/31/2013 | 796,306 | 272,930 | 523,376 | 12/31/2012 | 721,258 | 265,591 | 455,667 | ||||||||||||||||
Loan | 28 | Courtyard by Marriott - Hartford Manchester(29) | 0.7% | L(25), D(92), O(3) | T-12 3/31/2014 | 3,110,606 | 2,301,057 | 809,549 | 12/31/2013 | 2,969,242 | 2,257,420 | 711,822 | 12/31/2012 | 2,473,938 | 1,979,430 | 494,508 | ||||||||||||||||
Loan | 29 | Academy Sports | 0.6% | L(25), YM1(92), O(3) | ||||||||||||||||||||||||||||
Loan | 30 | Phoenix Point Townhomes(29) | 0.6% | L(25), D(91), O(4) | T-12 1/31/2014 | 1,316,671 | 747,836 | 568,835 | 12/31/2012 | 976,678 | 604,308 | 372,370 |
A-1-9
COMM 2014-UBS3
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | Trailing 12 | |||||||||||||||||||||||||||||||
Property | Initial Pool | Prepayment Provisions | Operating | Trailing 12 | Trailing 12 | Trailing 12 | 2013 Operating | 2013 | 2013 | 2013 | 2012 Operating | 2012 | 2012 | 2012 | ||||||||||||||||||
Flag | ID | Property Name | Balance | (# of payments)(14) | Statement Date | EGI ($) | Expenses($) | NOI($) | Statement Date | EGI($) | Expenses($) | NOI($) | Statement Date | EGI($) | Expenses($) | NOI($) | ||||||||||||||||
Loan | 31 | Kona and Kailua Self Storage Portfolio | 0.5% | L(24), D(93), O(3) | T-12 3/31/2014 | 1,053,710 | 398,841 | 654,869 | 12/31/2013 | 1,035,803 | 439,489 | 596,314 | ||||||||||||||||||||
Property | 31.01 | Kailua Self Storage | 0.4% | T-12 3/31/2014 | 647,455 | 230,511 | 416,944 | 12/31/2013 | 639,679 | 250,992 | 388,687 | |||||||||||||||||||||
Property | 31.02 | Kona Self Storage | 0.2% | T-12 3/31/2014 | 406,255 | 168,330 | 237,925 | 12/31/2013 | 396,124 | 188,497 | 207,628 | |||||||||||||||||||||
Loan | 32 | Woodbridge Apartments | 0.5% | L(26), D(31), O(3) | 12/31/2013 | 1,164,453 | 628,036 | 536,417 | ||||||||||||||||||||||||
Loan | 33 | Dollar General Portfolio | 0.5% | L(25), D(92), O(3) | ||||||||||||||||||||||||||||
Property | 33.01 | Dollar General - Punta Gorda | 0.1% | |||||||||||||||||||||||||||||
Property | 33.02 | Dollar General - Cape Coral | 0.1% | |||||||||||||||||||||||||||||
Property | 33.03 | Dollar General - Davenport | 0.1% | |||||||||||||||||||||||||||||
Property | 33.04 | Dollar General - Winter Haven | 0.1% | |||||||||||||||||||||||||||||
Loan | 34 | Walgreens, CVS, O’Reilly Auto Portfolio | 0.5% | L(25), YM1 (92), O(3) | ||||||||||||||||||||||||||||
Property | 34.01 | Walgreens - Trenton, OH | 0.2% | |||||||||||||||||||||||||||||
Property | 34.02 | CVS - Port St. Joe, FL | 0.2% | |||||||||||||||||||||||||||||
Property | 34.03 | O’Reilly Auto - Kokomo, IN | 0.1% | |||||||||||||||||||||||||||||
Loan | 35 | Fairfield Inn & Suites by Marriott | 0.5% | L(25), D(92), O(3) | T-12 11/30/2013 | 1,755,293 | 1,123,604 | 631,689 | 12/31/2012 | 1,702,566 | 1,197,517 | 505,049 | ||||||||||||||||||||
Loan | 36 | Walnut Ranch Apartments | 0.5% | L(26), D(90), O(4) | 12/31/2013 | 1,027,151 | 553,771 | 473,380 | 12/31/2012 | 1,031,572 | 525,873 | 505,699 | ||||||||||||||||||||
Loan | 37 | Cholla Ranch Apartments | 0.5% | L(25), D(90), O(5) | 12/31/2013 | 1,325,059 | 720,816 | 604,243 | 12/31/2012 | 1,263,390 | 921,526 | 341,864 | ||||||||||||||||||||
Loan | 38 | Casa Maribela | 0.5% | L(26), D(30), O(4) | T-12 2/28/2014 | 845,561 | 411,268 | 434,292 | 12/31/2013 | 804,851 | 477,586 | 327,265 | ||||||||||||||||||||
Loan | 39 | Radcliff Square Shopping Center | 0.5% | L(25), D(92), O(3) | 12/31/2013 | 545,686 | 165,614 | 380,072 | 12/31/2012 | 556,919 | 149,941 | 406,978 | ||||||||||||||||||||
Loan | 40 | Prospect West | 0.5% | L(25), D(92), O(3) | ||||||||||||||||||||||||||||
Loan | 41 | Downers Grove Industrial | 0.5% | L(25), D(92), O(3) | 12/31/2013 | 595,554 | 97,419 | 498,135 | 12/31/2012 | 477,981 | 108,709 | 369,273 | ||||||||||||||||||||
Loan | 42 | Country Market | 0.5% | L(27), D(89), O(4) | ||||||||||||||||||||||||||||
Loan | 43 | Addison Place | 0.4% | L(25), D(91), O(4) | T-12 1/31/2014 | 499,199 | 146,151 | 353,048 | 12/31/2013 | 489,213 | 136,546 | 352,667 | 12/31/2012 | 379,597 | 106,520 | 273,078 | ||||||||||||||||
Loan | 44 | Baymeadows | 0.4% | L(32), D(85), O(3) | 12/31/2013 | 1,396,524 | 860,568 | 535,956 | 12/31/2012 | 279,613 | 138,432 | 141,181 | ||||||||||||||||||||
Loan | 45 | Executive Center IV | 0.4% | L(12), YM1(104), O(4) | 12/31/2013 | 1,182,362 | 608,225 | 574,137 | 12/31/2012 | 1,221,056 | 597,341 | 623,715 | ||||||||||||||||||||
Loan | 46 | La Quinta - Savannah Airport | 0.4% | L(27), D(89), O(4) | T-12 1/31/2014 | 1,421,061 | 876,745 | 544,316 | 12/31/2013 | 1,404,416 | 870,369 | 534,046 | 12/31/2012 | 1,253,850 | 808,214 | 445,636 | ||||||||||||||||
Loan | 47 | Holiday Inn Staunton Conference Center | 0.4% | L(25), D(32), O(3) | T-12 1/31/2014 | 2,558,207 | 1,906,936 | 651,271 | 12/31/2013 | 2,556,986 | 1,898,718 | 658,268 | ||||||||||||||||||||
Loan | 48 | Shoppes at Carol Stream | 0.4% | L(26), D(91), O(3) | 12/31/2013 | 597,156 | 126,857 | 470,299 | 12/31/2012 | 586,707 | 118,157 | 468,550 | ||||||||||||||||||||
Loan | 49 | Coral Springs Apartment Portfolio | 0.3% | L(27), D(90), O(3) | ||||||||||||||||||||||||||||
Property | 49.01 | Castlewood Townhome Apartments | 0.2% | |||||||||||||||||||||||||||||
Property | 49.02 | Glenwood Apartments | 0.1% |
A-1-10
COMM 2014-UBS3
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | |||||||||||||||||||||||||||||||
Property | Initial Pool | Underwritten NOI | Underwritten NCF | Underwritten | Underwritten | Underwritten | Underwritten | Underwritten | Underwritten | Underwritten | Ownership | Ground Lease | Ground Lease | ||||||||||||||||||
Flag | ID | Property Name | Balance | Debt Yield(11) | Debt Yield(11) | Revenue($) | EGI($) | Expenses($) | NOI ($) | Reserves($) | TI/LC($) | NCF ($) | Interest(15) | Expiration(16) | Extension Terms(16) | ||||||||||||||||
Loan | 1 | Bronx Terminal Market(27)(29)(30) | 9.9% | 8.0% | 7.8% | 31,870,450 | 43,622,355 | 13,068,486 | 30,553,869 | 273,700 | 707,901 | 29,572,268 | Leasehold | 09/13/2055 | 5 options, 10 years each | ||||||||||||||||
Loan | 2 | State Farm Portfolio(27)(28) | 9.5% | 9.5% | 9.5% | 32,795,862 | 36,587,870 | 36,587,870 | 36,014 | 249,874 | 36,301,983 | Fee Simple | |||||||||||||||||||
Property | 2.01 | Charlottesville State Farm Office | 1.3% | 4,345,860 | 4,903,746 | 4,903,746 | 4,903,746 | Fee Simple | |||||||||||||||||||||||
Property | 2.02 | Murfreesboro State Farm Office | 1.1% | 3,820,682 | 4,311,150 | 4,311,150 | 4,311,150 | Fee Simple | |||||||||||||||||||||||
Property | 2.03 | Ballston Spa State Farm Office | 1.0% | 3,447,916 | 3,890,531 | 3,890,531 | 3,890,531 | Fee Simple | |||||||||||||||||||||||
Property | 2.04 | Birmingham State Farm Office | 0.9% | 3,129,890 | 3,531,680 | 3,531,680 | 3,531,680 | Fee Simple | |||||||||||||||||||||||
Property | 2.05 | Tulsa State Farm Office | 0.8% | 2,803,905 | 3,163,847 | 3,163,847 | 3,163,847 | Fee Simple | |||||||||||||||||||||||
Property | 2.06 | Columbia State Farm Office | 0.8% | 2,764,154 | 3,118,993 | 3,118,993 | 3,118,993 | Fee Simple | |||||||||||||||||||||||
Property | 2.07 | Jacksonville State Farm Office | 0.8% | 2,721,960 | 3,071,383 | 3,071,383 | 3,071,383 | Fee Simple | |||||||||||||||||||||||
Property | 2.08 | Lincoln North State Farm Office | 0.6% | 2,017,575 | 2,276,575 | 2,276,575 | 2,276,575 | Fee Simple | |||||||||||||||||||||||
Property | 2.09 | Greeley Central State Farm Office | 0.5% | 1,796,378 | 2,026,982 | 2,026,982 | 2,026,982 | Fee Simple | |||||||||||||||||||||||
Property | 2.10 | New Albany State Farm Office | 0.5% | 1,562,211 | 1,762,755 | 1,762,755 | 1,762,755 | Fee Simple | |||||||||||||||||||||||
Property | 2.11 | Lincoln South State Farm Office | 0.3% | 1,160,739 | 1,309,745 | 1,309,745 | 1,309,745 | Fee Simple | |||||||||||||||||||||||
Property | 2.12 | Greeley South State Farm Office | 0.3% | 1,044,085 | 994,679 | 994,679 | 15,802 | 109,641 | 869,235 | Fee Simple | |||||||||||||||||||||
Property | 2.13 | Kalamazoo State Farm Office | 0.2% | 845,112 | 953,601 | 953,601 | 953,601 | Fee Simple | |||||||||||||||||||||||
Property | 2.14 | Greeley North State Farm Office | 0.2% | 1,335,395 | 1,272,204 | 1,272,204 | 20,211 | 140,232 | 1,111,760 | Fee Simple | |||||||||||||||||||||
Loan | 3 | Equitable Plaza | 9.0% | 9.2% | 8.2% | 14,905,289 | 13,929,179 | 5,227,731 | 8,701,448 | 137,658 | 755,492 | 7,808,297 | Fee Simple | ||||||||||||||||||
Loan | 4 | Southfield Town Center(27) | 7.6% | 12.5% | 11.6% | 34,168,534 | 36,417,039 | 18,641,850 | 17,775,190 | 538,086 | 833,591 | 16,403,513 | Fee Simple | ||||||||||||||||||
Loan | 5 | Sixty LES | 5.9% | 10.7% | 9.9% | 14,483,802 | 15,317,619 | 8,678,683 | 6,638,936 | 459,529 | 6,179,407 | Fee Simple | |||||||||||||||||||
Loan | 6 | 1100 Superior Avenue(29) | 5.0% | 10.8% | 9.6% | 8,427,311 | 10,166,082 | 4,515,776 | 5,650,307 | 144,192 | 482,357 | 5,023,759 | Fee Simple | ||||||||||||||||||
Loan | 7 | Solo Cup | 4.5% | 11.1% | 10.3% | 5,645,576 | 7,755,941 | 2,518,572 | 5,237,369 | 155,248 | 205,584 | 4,876,537 | Fee Simple | ||||||||||||||||||
Loan | 8 | Hilton Charlotte University Place | 4.3% | 12.7% | 11.0% | 12,661,327 | 18,492,487 | 12,797,204 | 5,695,284 | 739,699 | 4,955,584 | Fee Simple | |||||||||||||||||||
Loan | 9 | Sunrise Hospitality Portfolio | 3.2% | 12.1% | 10.9% | 10,591,686 | 10,700,703 | 6,587,742 | 4,112,961 | 428,028 | 3,684,933 | Fee Simple | |||||||||||||||||||
Property | 9.01 | Holiday Inn Express & Suites - West Monroe | 1.1% | 2,933,449 | 2,961,990 | 1,666,739 | 1,295,251 | 118,480 | 1,176,772 | Fee Simple | |||||||||||||||||||||
Property | 9.02 | Holiday Inn Express & Suites - Shreveport South Park Plaza | 0.8% | 2,260,767 | 2,293,704 | 1,313,141 | 980,563 | 91,748 | 888,815 | Fee Simple | |||||||||||||||||||||
Property | 9.03 | Holiday Inn Express & Suites - Bossier City Race Track | 0.5% | 1,879,850 | 1,897,331 | 1,180,675 | 716,656 | 75,893 | 640,763 | Fee Simple | |||||||||||||||||||||
Property | 9.04 | Hampton Inn & Suites - Bossier City | 0.5% | 1,762,311 | 1,769,232 | 1,131,960 | 637,272 | 70,769 | 566,503 | Fee Simple | |||||||||||||||||||||
Property | 9.05 | Holiday Inn Express & Suites - Shreveport Airport | 0.3% | 1,755,309 | 1,778,446 | 1,295,228 | 483,218 | 71,138 | 412,080 | Fee Simple | |||||||||||||||||||||
Loan | 10 | Village Square and Deerpath Court | 2.9% | 11.8% | 10.8% | 4,052,199 | 5,471,348 | 1,798,737 | 3,672,611 | 72,610 | 239,967 | 3,360,035 | Fee Simple | ||||||||||||||||||
Property | 10.01 | Village Square | 1.8% | 2,508,869 | 3,433,736 | 1,106,848 | 2,326,887 | 41,999 | 149,924 | 2,134,964 | Fee Simple | ||||||||||||||||||||
Property | 10.02 | Deerpath Court | 1.1% | 1,543,330 | 2,037,612 | 691,888 | 1,345,723 | 30,610 | 90,042 | 1,225,071 | Fee Simple | ||||||||||||||||||||
Loan | 11 | Newport Commons(31) | 2.7% | 8.3% | 8.0% | 3,681,298 | 3,602,525 | 1,220,045 | 2,382,480 | 85,556 | 2,296,924 | Fee Simple | |||||||||||||||||||
Loan | 12 | Preserve at Grande Oaks | 2.6% | 8.3% | 8.0% | 3,677,613 | 3,658,250 | 1,378,221 | 2,280,029 | 78,750 | 2,201,279 | Fee Simple | |||||||||||||||||||
Loan | 13 | Pine Haven RV Park | 2.4% | 9.1% | 9.0% | 3,014,835 | 3,725,036 | 1,456,004 | 2,269,032 | 30,850 | 2,238,182 | Fee Simple | |||||||||||||||||||
Loan | 14 | Westgate Plaza | 2.4% | 9.2% | 8.5% | 2,321,528 | 3,096,328 | 792,296 | 2,304,032 | 39,973 | 145,642 | 2,118,417 | Fee Simple | ||||||||||||||||||
Loan | 15 | Enclave at Prestonwood | 2.2% | 8.9% | 8.5% | 4,226,160 | 4,051,913 | 1,927,402 | 2,124,511 | 116,500 | 2,008,011 | Fee Simple | |||||||||||||||||||
Loan | 16 | Capstar Plaza | 2.2% | 6.2% | 6.2% | 1,421,521 | 1,421,521 | 14,215 | 1,407,306 | 1,407,306 | Fee Simple | ||||||||||||||||||||
Loan | 17 | Florida Multifamily Portfolio | 2.0% | 10.0% | 9.2% | 3,434,832 | 3,453,798 | 1,355,931 | 2,097,867 | 161,071 | 1,936,796 | Fee Simple | |||||||||||||||||||
Property | 17.01 | Shadowood Apartments | 0.5% | 1,001,184 | 1,024,279 | 354,091 | 670,188 | 49,206 | 620,982 | Fee Simple | |||||||||||||||||||||
Property | 17.02 | University Square Apartments | 0.4% | 597,936 | 572,896 | 226,040 | 346,856 | 28,755 | 318,101 | Fee Simple | |||||||||||||||||||||
Property | 17.03 | Terrace Trace Apartments | 0.4% | 623,256 | 619,094 | 234,618 | 384,476 | 28,884 | 355,592 | Fee Simple | |||||||||||||||||||||
Property | 17.04 | Hidden Acres Apartments | 0.4% | 665,988 | 681,164 | 277,910 | 403,254 | 32,806 | 370,448 | Fee Simple | |||||||||||||||||||||
Property | 17.05 | Pinellas Pines Apartments | 0.3% | 546,468 | 556,365 | 263,272 | 293,093 | 21,420 | 271,673 | Fee Simple | |||||||||||||||||||||
Loan | 18 | North Penn Business Park | 2.0% | 10.9% | 9.5% | 3,142,581 | 3,736,131 | 1,463,736 | 2,272,395 | 72,655 | 217,964 | 1,981,777 | Fee Simple | ||||||||||||||||||
Loan | 19 | Cincinnati Multifamily Portfolio | 1.4% | 12.1% | 11.0% | 3,959,724 | 3,761,738 | 2,033,839 | 1,727,898 | 161,100 | 1,566,798 | Fee Simple | |||||||||||||||||||
Property | 19.01 | Alms Hills | 0.4% | 1,449,384 | 1,376,915 | 822,229 | 554,686 | 60,000 | 494,686 | Fee Simple | |||||||||||||||||||||
Property | 19.02 | Reids Valley | 0.4% | 1,033,956 | 982,258 | 458,525 | 523,733 | 34,200 | 489,533 | Fee Simple | |||||||||||||||||||||
Property | 19.03 | Shelton Gardens | 0.3% | 885,516 | 841,240 | 450,050 | 391,190 | 41,100 | 350,090 | Fee Simple | |||||||||||||||||||||
Property | 19.04 | Lima Club | 0.2% | 590,868 | 561,325 | 303,035 | 258,290 | 25,800 | 232,490 | Fee Simple | |||||||||||||||||||||
Loan | 20 | Rochester Gas & Electric | 1.2% | 9.2% | 8.6% | 1,315,750 | 1,249,963 | 37,499 | 1,212,464 | 13,850 | 69,250 | 1,129,364 | Fee Simple | ||||||||||||||||||
Loan | 21 | Holiday Inn Express & Suites Santa Cruz(29) | 1.2% | 12.2% | 11.0% | 3,764,240 | 3,794,956 | 2,270,134 | 1,524,822 | 151,798 | 1,373,024 | Fee Simple | |||||||||||||||||||
Loan | 22 | 3350 George Washington Way | 1.1% | 9.4% | 9.0% | 1,258,815 | 1,632,720 | 527,702 | 1,105,018 | 12,588 | 41,961 | 1,050,469 | Leasehold | 04/06/2045 | 1, 25-year option | ||||||||||||||||
Loan | 23 | Drummer Boy RV Park | 1.1% | 9.8% | 9.7% | 675,500 | 2,349,182 | 1,212,080 | 1,137,102 | 22,300 | 1,114,802 | Fee Simple | |||||||||||||||||||
Loan | 24 | Aspen Woods Apartments | 0.9% | 9.4% | 8.8% | 1,799,580 | 1,822,876 | 924,752 | 898,124 | 57,000 | 841,124 | Fee Simple | |||||||||||||||||||
Loan | 25 | Cypress Courtyard | 0.9% | 10.4% | 9.7% | 1,103,035 | 1,301,310 | 309,544 | 991,766 | 12,402 | 54,600 | 924,764 | Fee Simple | ||||||||||||||||||
Loan | 26 | Chatham Grove Apartments | 0.8% | 10.5% | 9.6% | 1,842,801 | 1,779,125 | 895,200 | 883,925 | 76,694 | 807,231 | Fee Simple | |||||||||||||||||||
Loan | 27 | Hilltop Shopping Center | 0.8% | 10.6% | 9.6% | 1,306,153 | 1,153,003 | 293,638 | 859,365 | 15,850 | 68,908 | 774,607 | Fee Simple | ||||||||||||||||||
Loan | 28 | Courtyard by Marriott - Hartford Manchester(29) | 0.7% | 11.5% | 9.2% | 2,808,554 | 3,110,606 | 2,319,945 | 790,662 | 155,530 | 635,131 | Fee Simple | |||||||||||||||||||
Loan | 29 | Academy Sports | 0.6% | 9.6% | 8.9% | 744,444 | 971,450 | 336,287 | 635,164 | 11,542 | 35,766 | 587,856 | Fee Simple | ||||||||||||||||||
Loan | 30 | Phoenix Point Townhomes(29) | 0.6% | 10.8% | 10.0% | 1,405,110 | 1,370,625 | 740,142 | 630,483 | 44,712 | 585,770 | Fee Simple |
A-1-11
COMM 2014-UBS3
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | |||||||||||||||||||||||||||||||
Property | Initial Pool | Underwritten NOI | Underwritten NCF | Underwritten | Underwritten | Underwritten | Underwritten | Underwritten | Underwritten | Underwritten | Ownership | Ground Lease | Ground Lease | ||||||||||||||||||
Flag | ID | Property Name | Balance | Debt Yield(11) | Debt Yield(11) | Revenue($) | EGI($) | Expenses($) | NOI ($) | Reserves($) | TI/LC($) | NCF ($) | Interest(15) | Expiration(16) | Extension Terms(16) | ||||||||||||||||
Loan | 31 | Kona and Kailua Self Storage Portfolio | 0.5% | 10.3% | 10.1% | 1,501,349 | 1,058,408 | 462,148 | 596,260 | 12,870 | 583,391 | Fee Simple | |||||||||||||||||||
Property | 31.01 | Kailua Self Storage | 0.4% | 892,770 | 652,153 | 282,812 | 369,341 | 7,581 | 361,760 | Fee Simple | |||||||||||||||||||||
Property | 31.02 | Kona Self Storage | 0.2% | 608,579 | 406,255 | 179,335 | 226,920 | 5,289 | 221,631 | Fee Simple | |||||||||||||||||||||
Loan | 32 | Woodbridge Apartments | 0.5% | 12.2% | 11.3% | 1,531,104 | 1,384,687 | 697,023 | 687,664 | 53,000 | 634,664 | Fee Simple | |||||||||||||||||||
Loan | 33 | Dollar General Portfolio | 0.5% | 9.0% | 8.9% | 538,863 | 577,793 | 74,134 | 503,659 | 5,460 | 498,199 | Fee Simple | |||||||||||||||||||
Property | 33.01 | Dollar General - Punta Gorda | 0.1% | 144,084 | 152,953 | 18,189 | 134,765 | 1,365 | 133,400 | Fee Simple | |||||||||||||||||||||
Property | 33.02 | Dollar General - Cape Coral | 0.1% | 135,169 | 141,687 | 15,151 | 126,536 | 1,365 | 125,171 | Fee Simple | |||||||||||||||||||||
Property | 33.03 | Dollar General - Davenport | 0.1% | 131,220 | 141,348 | 18,740 | 122,608 | 1,365 | 121,243 | Fee Simple | |||||||||||||||||||||
Property | 33.04 | Dollar General - Winter Haven | 0.1% | 128,390 | 141,804 | 22,054 | 119,750 | 1,365 | 118,385 | Fee Simple | |||||||||||||||||||||
Loan | 34 | Walgreens, CVS, O’Reilly Auto Portfolio | 0.5% | 11.0% | 10.7% | 655,728 | 943,075 | 326,588 | 616,487 | 16,448 | 600,038 | Fee Simple | |||||||||||||||||||
Property | 34.01 | Walgreens - Trenton, OH | 0.2% | 290,000 | 491,903 | 217,117 | 274,786 | 13,383 | 261,403 | Fee Simple | |||||||||||||||||||||
Property | 34.02 | CVS - Port St. Joe, FL | 0.2% | 271,113 | 335,889 | 85,242 | 250,647 | 1,984 | 248,664 | Fee Simple | |||||||||||||||||||||
Property | 34.03 | O’Reilly Auto - Kokomo, IN | 0.1% | 94,616 | 115,282 | 24,229 | 91,053 | 1,082 | 89,971 | Fee Simple | |||||||||||||||||||||
Loan | 35 | Fairfield Inn & Suites by Marriott | 0.5% | 11.7% | 10.4% | 1,736,693 | 1,755,293 | 1,123,604 | 631,689 | 70,212 | 561,477 | Fee Simple | |||||||||||||||||||
Loan | 36 | Walnut Ranch Apartments | 0.5% | 9.5% | 9.1% | 1,094,868 | 1,049,683 | 543,878 | 505,805 | 23,750 | 482,055 | Fee Simple | |||||||||||||||||||
Loan | 37 | Cholla Ranch Apartments | 0.5% | 11.5% | 10.6% | 1,384,036 | 1,337,847 | 734,534 | 603,313 | 51,300 | 552,013 | Fee Simple | |||||||||||||||||||
Loan | 38 | Casa Maribela | 0.5% | 10.9% | 10.0% | 1,129,228 | 1,124,488 | 570,272 | 554,217 | 47,750 | 506,467 | Fee Simple | |||||||||||||||||||
Loan | 39 | Radcliff Square Shopping Center | 0.5% | 11.4% | 10.1% | 740,760 | 800,107 | 232,638 | 567,469 | 14,561 | 48,535 | 504,373 | Fee Simple | ||||||||||||||||||
Loan | 40 | Prospect West | 0.5% | 9.6% | 8.1% | 736,296 | 828,333 | 352,877 | 475,456 | 15,340 | 61,726 | 398,390 | Fee Simple | ||||||||||||||||||
Loan | 41 | Downers Grove Industrial | 0.5% | 9.6% | 8.6% | 523,706 | 750,064 | 288,336 | 461,728 | 8,400 | 42,616 | 410,712 | Fee Simple | ||||||||||||||||||
Loan | 42 | Country Market | 0.5% | 10.4% | 10.2% | 540,000 | 513,000 | 15,390 | 497,610 | 7,475 | 490,135 | Fee Simple | |||||||||||||||||||
Loan | 43 | Addison Place | 0.4% | 10.9% | 9.9% | 534,290 | 665,312 | 163,943 | 501,369 | 8,864 | 37,445 | 455,060 | Fee Simple | ||||||||||||||||||
Loan | 44 | Baymeadows | 0.4% | 11.6% | 10.7% | 1,485,360 | 1,413,634 | 896,505 | 517,129 | 40,500 | 476,629 | Fee Simple | |||||||||||||||||||
Loan | 45 | Executive Center IV | 0.4% | 12.2% | 9.8% | 697,106 | 999,480 | 554,449 | 445,030 | 33,389 | 56,166 | 355,475 | Fee Simple | ||||||||||||||||||
Loan | 46 | La Quinta - Savannah Airport | 0.4% | 12.4% | 11.0% | 1,417,702 | 1,421,061 | 921,748 | 499,313 | 56,842 | 442,471 | Fee Simple | |||||||||||||||||||
Loan | 47 | Holiday Inn Staunton Conference Center | 0.4% | 15.8% | 13.3% | 1,984,373 | 2,558,074 | 1,925,880 | 632,193 | 102,323 | 529,870 | Fee Simple | |||||||||||||||||||
Loan | 48 | Shoppes at Carol Stream | 0.4% | 12.5% | 11.8% | 558,500 | 621,733 | 146,186 | 475,547 | 3,173 | 21,153 | 451,221 | Fee Simple | ||||||||||||||||||
Loan | 49 | Coral Springs Apartment Portfolio | 0.3% | 9.7% | 9.4% | 559,188 | 548,419 | 213,673 | 334,746 | 10,750 | 323,996 | Fee Simple | |||||||||||||||||||
Property | 49.01 | Castlewood Townhome Apartments | 0.2% | 319,008 | 307,370 | 123,547 | 183,823 | 6,000 | 177,823 | Fee Simple | |||||||||||||||||||||
Property | 49.02 | Glenwood Apartments | 0.1% | 240,180 | 241,049 | 90,126 | 150,923 | 4,750 | 146,173 | Fee Simple |
A-1-12
COMM 2014-UBS3
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | ||||||||||||||||||||||||||||||
Property | Initial Pool | Lease | Lease | Lease | Lease | |||||||||||||||||||||||||
Flag | ID | Property Name | Balance | Largest Tenant(17) | SF | Expiration(18) | 2nd Largest Tenant(19)(20) | SF | Expiration(18) | 3rd Largest Tenant(20) | SF | Expiration(18) | 4th Largest Tenant(19)(20) | SF | Expiration(18) | |||||||||||||||
Loan | 1 | Bronx Terminal Market(27)(29)(30) | 9.9% | Target | 188,446 | 10/01/2033 | BJ’s Wholesale Club | 130,099 | 08/01/2029 | Home Depot | 124,955 | 02/01/2034 | Toys ’R’ Us / Babies ‘R’ Us | 76,921 | 01/31/2020 | |||||||||||||||
Loan | 2 | State Farm Portfolio(27)(28) | 9.5% | |||||||||||||||||||||||||||
Property | 2.01 | Charlottesville State Farm Office | 1.3% | State Farm Mutual Automobile Insurance Company | 362,155 | 11/30/2028 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Property | 2.02 | Murfreesboro State Farm Office | 1.1% | State Farm Mutual Automobile Insurance Company | 402,177 | 11/30/2028 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Property | 2.03 | Ballston Spa State Farm Office | 1.0% | State Farm Mutual Automobile Insurance Company | 336,382 | 11/30/2028 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Property | 2.04 | Birmingham State Farm Office | 0.9% | State Farm Mutual Automobile Insurance Company | 312,989 | 11/30/2028 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Property | 2.05 | Tulsa State Farm Office | 0.8% | State Farm Mutual Automobile Insurance Company | 287,580 | 11/30/2028 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Property | 2.06 | Columbia State Farm Office | 0.8% | State Farm Mutual Automobile Insurance Company | 335,049 | 11/30/2028 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Property | 2.07 | Jacksonville State Farm Office | 0.8% | State Farm Mutual Automobile Insurance Company | 302,440 | 11/30/2028 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Property | 2.08 | Lincoln North State Farm Office | 0.6% | State Farm Mutual Automobile Insurance Company | 224,175 | 11/30/2028 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Property | 2.09 | Greeley Central State Farm Office | 0.5% | State Farm Mutual Automobile Insurance Company | 194,203 | 11/30/2028 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Property | 2.10 | New Albany State Farm Office | 0.5% | State Farm Mutual Automobile Insurance Company | 148,782 | 11/30/2028 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Property | 2.11 | Lincoln South State Farm Office | 0.3% | State Farm Mutual Automobile Insurance Company | 128,971 | 11/30/2028 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Property | 2.12 | Greeley South State Farm Office | 0.3% | State Farm Mutual Automobile Insurance Company | 112,874 | 11/30/2023 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Property | 2.13 | Kalamazoo State Farm Office | 0.2% | State Farm Mutual Automobile Insurance Company | 105,639 | 11/30/2028 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Property | 2.14 | Greeley North State Farm Office | 0.2% | State Farm Mutual Automobile Insurance Company | 144,367 | 11/30/2018 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Loan | 3 | Equitable Plaza | 9.0% | County of Los Angeles | 72,142 | 01/31/2015 | State of California | 31,927 | 11/30/2017 | Wilshire Business Center | 23,820 | 02/28/2018 | Commonwealth Business Bank | 22,498 | 11/30/2024 | |||||||||||||||
Loan | 4 | Southfield Town Center(27) | 7.6% | Fifth Third Bank | 105,041 | 08/31/2016 | AlixPartners | 66,286 | 12/31/2018 | Brooks & Kushman | 45,359 | 12/31/2023 | Global Hue | 41,051 | 05/31/2016 | |||||||||||||||
Loan | 5 | Sixty LES | 5.9% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Loan | 6 | 1100 Superior Avenue(29) | 5.0% | The James B. Oswald Company | 72,573 | 07/31/2025 | Javitch, Block & Rathbone LLP | 55,354 | 10/31/2017 | Littler Menderson, PC | 44,667 | 04/30/2021 | Brandmuscle, Inc. | 41,627 | 08/31/2023 | |||||||||||||||
Loan | 7 | Solo Cup | 4.5% | Solo Cup Operating Company | 1,552,475 | 08/31/2023 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Loan | 8 | Hilton Charlotte University Place | 4.3% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Loan | 9 | Sunrise Hospitality Portfolio | 3.2% | |||||||||||||||||||||||||||
Property | 9.01 | Holiday Inn Express & Suites - West Monroe | 1.1% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Property | 9.02 | Holiday Inn Express & Suites - Shreveport South Park Plaza | 0.8% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Property | 9.03 | Holiday Inn Express & Suites - Bossier City Race Track | 0.5% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Property | 9.04 | Hampton Inn & Suites - Bossier City | 0.5% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Property | 9.05 | Holiday Inn Express & Suites - Shreveport Airport | 0.3% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Loan | 10 | Village Square and Deerpath Court | 2.9% | |||||||||||||||||||||||||||
Property | 10.01 | Village Square | 1.8% | T.J. Maxx | 28,000 | 01/31/2019 | Office Max, Inc. | 23,500 | 01/31/2019 | Petco | 18,810 | 01/31/2024 | Sports Authority | 13,000 | 03/31/2024 | |||||||||||||||
Property | 10.02 | Deerpath Court | 1.1% | American Sale | 38,920 | 02/28/2017 | Goodwill Store & Donation Ctr | 21,705 | 12/31/2018 | Sears Appliance and Hardware Store | 21,069 | 10/31/2015 | Jo-Ann Fabrics | 12,345 | MTM | |||||||||||||||
Loan | 11 | Newport Commons(31) | 2.7% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Loan | 12 | Preserve at Grande Oaks | 2.6% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Loan | 13 | Pine Haven RV Park | 2.4% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Loan | 14 | Westgate Plaza | 2.4% | Academy Sports | 78,661 | 01/31/2028 | hhgregg | 29,070 | 09/30/2022 | Michaels | 27,200 | 10/31/2017 | Laser Tag & Games | 26,800 | 10/31/2020 | |||||||||||||||
Loan | 15 | Enclave at Prestonwood | 2.2% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Loan | 16 | Capstar Plaza | 2.2% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Loan | 17 | Florida Multifamily Portfolio | 2.0% | |||||||||||||||||||||||||||
Property | 17.01 | Shadowood Apartments | 0.5% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Property | 17.02 | University Square Apartments | 0.4% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Property | 17.03 | Terrace Trace Apartments | 0.4% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Property | 17.04 | Hidden Acres Apartments | 0.4% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Property | 17.05 | Pinellas Pines Apartments | 0.3% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Loan | 18 | North Penn Business Park | 2.0% | Accupac, Inc. | 154,624 | 12/31/2017 | Hughes Relocation Services, Inc. | 99,149 | 08/31/2015 | APEX Display Group, LLC | 80,192 | 03/31/2019 | Carrolls, LLC | 78,247 | 11/30/2022 | |||||||||||||||
Loan | 19 | Cincinnati Multifamily Portfolio | 1.4% | |||||||||||||||||||||||||||
Property | 19.01 | Alms Hills | 0.4% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Property | 19.02 | Reids Valley | 0.4% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Property | 19.03 | Shelton Gardens | 0.3% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Property | 19.04 | Lima Club | 0.2% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Loan | 20 | Rochester Gas & Electric | 1.2% | Rochester Gas & Electric | 138,500 | 10/31/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Loan | 21 | Holiday Inn Express & Suites Santa Cruz(29) | 1.2% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Loan | 22 | 3350 George Washington Way | 1.1% | Pacific Northwest Division | 83,921 | 09/30/2023 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Loan | 23 | Drummer Boy RV Park | 1.1% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Loan | 24 | Aspen Woods Apartments | 0.9% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Loan | 25 | Cypress Courtyard | 0.9% | Dollar Tree Stores, Inc. | 10,350 | 02/28/2018 | Greenberg Dental Associates | 7,424 | 07/31/2023 | A&C Fitness Corp | 5,934 | 12/31/2018 | Hibbett Sporting Goods | 4,987 | 09/30/2015 | |||||||||||||||
Loan | 26 | Chatham Grove Apartments | 0.8% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Loan | 27 | Hilltop Shopping Center | 0.8% | Tuesday Morning | 11,200 | 07/31/2018 | Party City | 10,305 | 06/30/2024 | Momex Dining Concepts | 6,800 | 11/30/2022 | Institute of Technology, Inc. | 5,282 | 12/31/2014 | |||||||||||||||
Loan | 28 | Courtyard by Marriott - Hartford Manchester(29) | 0.7% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Loan | 29 | Academy Sports | 0.6% | Academy Sports | 71,927 | 01/31/2029 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Loan | 30 | Phoenix Point Townhomes(29) | 0.6% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
A-1-13
COMM 2014-UBS3
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | ||||||||||||||||||||||||||||||
Property | Initial Pool | Lease | Lease | Lease | Lease | |||||||||||||||||||||||||
Flag | ID | Property Name | Balance | Largest Tenant(17) | SF | Expiration(18) | 2nd Largest Tenant(19)(20) | SF | Expiration(18) | 3rd Largest Tenant(20) | SF | Expiration(18) | 4th Largest Tenant(19)(20) | SF | Expiration(18) | |||||||||||||||
Loan | 31 | Kona and Kailua Self Storage Portfolio | 0.5% | |||||||||||||||||||||||||||
Property | 31.01 | Kailua Self Storage | 0.4% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Property | 31.02 | Kona Self Storage | 0.2% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Loan | 32 | Woodbridge Apartments | 0.5% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Loan | 33 | Dollar General Portfolio | 0.5% | |||||||||||||||||||||||||||
Property | 33.01 | Dollar General - Punta Gorda | 0.1% | Dollar General | 9,100 | 02/28/2029 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Property | 33.02 | Dollar General - Cape Coral | 0.1% | Dollar General | 9,100 | 01/31/2028 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Property | 33.03 | Dollar General - Davenport | 0.1% | Dollar General | 9,100 | 08/31/2028 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Property | 33.04 | Dollar General - Winter Haven | 0.1% | Dollar General | 9,100 | 02/28/2029 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Loan | 34 | Walgreens, CVS, O’Reilly Auto Portfolio | 0.5% | |||||||||||||||||||||||||||
Property | 34.01 | Walgreens - Trenton, OH | 0.2% | Walgreens Co. Store #11511 | 14,820 | 01/31/2033 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Property | 34.02 | CVS - Port St. Joe, FL | 0.2% | Holiday CVS, LLC | 13,225 | 01/31/2032 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Property | 34.03 | O’Reilly Auto - Kokomo, IN | 0.1% | O’Reilly Automotive Stores, Inc. | 7,210 | 04/12/2033 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Loan | 35 | Fairfield Inn & Suites by Marriott | 0.5% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Loan | 36 | Walnut Ranch Apartments | 0.5% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Loan | 37 | Cholla Ranch Apartments | 0.5% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Loan | 38 | Casa Maribela | 0.5% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Loan | 39 | Radcliff Square Shopping Center | 0.5% | Ollies Discount | 26,482 | 05/31/2020 | Family Dollar | 8,868 | 06/30/2018 | Lockheed Martin | 4,900 | 01/31/2015 | Snap Fitness | 4,900 | 04/30/2018 | |||||||||||||||
Loan | 40 | Prospect West | 0.5% | Barco, Inc. | 61,358 | 04/30/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Loan | 41 | Downers Grove Industrial | 0.5% | Silgan White Cap, LLC | 42,000 | 05/31/2029 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Loan | 42 | Country Market | 0.5% | Polly’s Food Service, Inc. | 49,836 | 12/31/2034 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Loan | 43 | Addison Place | 0.4% | Bonefish Grill | 5,370 | 02/28/2017 | Susan Chambers School of Dance | 4,160 | 11/30/2022 | Taylor Brooks Salon & Spa | 3,370 | 05/31/2022 | Bharathakala Dance Academy, LLC | 2,440 | 10/31/2019 | |||||||||||||||
Loan | 44 | Baymeadows | 0.4% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Loan | 45 | Executive Center IV | 0.4% | M&I Bank | 44,280 | 09/30/2017 | WI Institute of CPA’s | 10,250 | 07/31/2014 | Winter Kloman Moter & Repp | 9,959 | 12/31/2017 | Wells Fargo Dealer Services, Inc. | 6,741 | 06/30/2016 | |||||||||||||||
Loan | 46 | La Quinta - Savannah Airport | 0.4% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Loan | 47 | Holiday Inn Staunton Conference Center | 0.4% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Loan | 48 | Shoppes at Carol Stream | 0.4% | Retro Fitness | 10,500 | 10/31/2026 | China Chef | 3,260 | 06/30/2022 | Pizzeria Da Nella | 3,001 | 02/28/2019 | Starbucks | 1,924 | 02/28/2027 | |||||||||||||||
Loan | 49 | Coral Springs Apartment Portfolio | 0.3% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Property | 49.01 | Castlewood Townhome Apartments | 0.2% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||
Property | 49.02 | Glenwood Apartments | 0.1% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
A-1-14
COMM 2014-UBS3
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | Upfront | Monthly | ||||||||||||||||||
Property | Initial Pool | Lease | Occupancy | Replacement | Replacement | |||||||||||||||
Flag | ID | Property Name | Balance | 5th Largest Tenant | SF | Expiration(18) | Occupancy(5)(21) | As-of Date | Reserves($)(22) | Reserves ($)(23) | ||||||||||
Loan | 1 | Bronx Terminal Market(27)(29)(30) | 9.9% | Burlington Coat Factory | 74,329 | 01/01/2028 | 99.3% | 04/01/2014 | Springing | |||||||||||
Loan | 2 | State Farm Portfolio(27)(28) | 9.5% | 100.0% | 06/06/2014 | Springing | ||||||||||||||
Property | 2.01 | Charlottesville State Farm Office | 1.3% | NAP | NAP | NAP | 100.0% | 06/06/2014 | ||||||||||||
Property | 2.02 | Murfreesboro State Farm Office | 1.1% | NAP | NAP | NAP | 100.0% | 06/06/2014 | ||||||||||||
Property | 2.03 | Ballston Spa State Farm Office | 1.0% | NAP | NAP | NAP | 100.0% | 06/06/2014 | ||||||||||||
Property | 2.04 | Birmingham State Farm Office | 0.9% | NAP | NAP | NAP | 100.0% | 06/06/2014 | ||||||||||||
Property | 2.05 | Tulsa State Farm Office | 0.8% | NAP | NAP | NAP | 100.0% | 06/06/2014 | ||||||||||||
Property | 2.06 | Columbia State Farm Office | 0.8% | NAP | NAP | NAP | 100.0% | 06/06/2014 | ||||||||||||
Property | 2.07 | Jacksonville State Farm Office | 0.8% | NAP | NAP | NAP | 100.0% | 06/06/2014 | ||||||||||||
Property | 2.08 | Lincoln North State Farm Office | 0.6% | NAP | NAP | NAP | 100.0% | 06/06/2014 | ||||||||||||
Property | 2.09 | Greeley Central State Farm Office | 0.5% | NAP | NAP | NAP | 100.0% | 06/06/2014 | ||||||||||||
Property | 2.10 | New Albany State Farm Office | 0.5% | NAP | NAP | NAP | 100.0% | 06/06/2014 | ||||||||||||
Property | 2.11 | Lincoln South State Farm Office | 0.3% | NAP | NAP | NAP | 100.0% | 06/06/2014 | ||||||||||||
Property | 2.12 | Greeley South State Farm Office | 0.3% | NAP | NAP | NAP | 100.0% | 06/06/2014 | ||||||||||||
Property | 2.13 | Kalamazoo State Farm Office | 0.2% | NAP | NAP | NAP | 100.0% | 06/06/2014 | ||||||||||||
Property | 2.14 | Greeley North State Farm Office | 0.2% | NAP | NAP | NAP | 100.0% | 06/06/2014 | ||||||||||||
Loan | 3 | Equitable Plaza | 9.0% | California Fair Plan | 22,425 | 12/14/2015 | 85.8% | 04/28/2014 | 500,000 | 14,340 | ||||||||||
Loan | 4 | Southfield Town Center(27) | 7.6% | Microsoft | 40,437 | 11/30/2017 | 67.2% | 02/28/2014 | 9,400,000 | 44,841 | ||||||||||
Loan | 5 | Sixty LES | 5.9% | NAP | NAP | NAP | 83.3% | 12/31/2013 | 1/10 of 2.0% of prior year’s rents | |||||||||||
Loan | 6 | 1100 Superior Avenue(29) | 5.0% | First American Title Insurance Company | 28,652 | 11/30/2017 | 89.6% | 03/26/2014 | 12,016 | |||||||||||
Loan | 7 | Solo Cup | 4.5% | NAP | NAP | NAP | 100.0% | 06/06/2014 | Springing | |||||||||||
Loan | 8 | Hilton Charlotte University Place | 4.3% | NAP | NAP | NAP | 69.3% | 02/28/2014 | 4.0% of prior month’s gross revenues | |||||||||||
Loan | 9 | Sunrise Hospitality Portfolio | 3.2% | 70.3% | 03/31/2014 | 1/12 of 4.0% of prior year’s gross income | ||||||||||||||
Property | 9.01 | Holiday Inn Express & Suites - West Monroe | 1.1% | NAP | NAP | NAP | 79.8% | 03/31/2014 | ||||||||||||
Property | 9.02 | Holiday Inn Express & Suites - Shreveport South Park Plaza | 0.8% | NAP | NAP | NAP | 79.7% | 03/31/2014 | ||||||||||||
Property | 9.03 | Holiday Inn Express & Suites - Bossier City Race Track | 0.5% | NAP | NAP | NAP | 64.2% | 03/31/2014 | ||||||||||||
Property | 9.04 | Hampton Inn & Suites - Bossier City | 0.5% | NAP | NAP | NAP | 69.0% | 03/31/2014 | ||||||||||||
Property | 9.05 | Holiday Inn Express & Suites - Shreveport Airport | 0.3% | NAP | NAP | NAP | 60.3% | 03/31/2014 | ||||||||||||
Loan | 10 | Village Square and Deerpath Court | 2.9% | 97.8% | 04/01/2014 | |||||||||||||||
Property | 10.01 | Village Square | 1.8% | Party City | 12,000 | 01/31/2018 | 96.2% | 04/01/2014 | ||||||||||||
Property | 10.02 | Deerpath Court | 1.1% | Ania’s Polish Deli | 8,150 | 10/31/2015 | 100.0% | 04/01/2014 | ||||||||||||
Loan | 11 | Newport Commons(31) | 2.7% | NAP | NAP | NAP | 94.9% | 02/28/2014 | 7,130 | |||||||||||
Loan | 12 | Preserve at Grande Oaks | 2.6% | NAP | NAP | NAP | 94.9% | 03/21/2014 | 6,358 | |||||||||||
Loan | 13 | Pine Haven RV Park | 2.4% | NAP | NAP | NAP | 92.7% | 03/24/2014 | 2,571 | |||||||||||
Loan | 14 | Westgate Plaza | 2.4% | Scandinavia Furniture | 10,300 | 10/31/2018 | 100.0% | 04/21/2014 | 2,498 | 2,498 | ||||||||||
Loan | 15 | Enclave at Prestonwood | 2.2% | NAP | NAP | NAP | 92.7% | 04/08/2014 | 9,708 | |||||||||||
Loan | 16 | Capstar Plaza | 2.2% | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 17 | Florida Multifamily Portfolio | 2.0% | 93.4% | 02/01/2014 | 13,423 | ||||||||||||||
Property | 17.01 | Shadowood Apartments | 0.5% | NAP | NAP | NAP | 95.0% | 02/01/2014 | ||||||||||||
Property | 17.02 | University Square Apartments | 0.4% | NAP | NAP | NAP | 90.1% | 02/01/2014 | ||||||||||||
Property | 17.03 | Terrace Trace Apartments | 0.4% | NAP | NAP | NAP | 93.1% | 02/01/2014 | ||||||||||||
Property | 17.04 | Hidden Acres Apartments | 0.4% | NAP | NAP | NAP | 91.5% | 02/01/2014 | ||||||||||||
Property | 17.05 | Pinellas Pines Apartments | 0.3% | NAP | NAP | NAP | 97.1% | 02/01/2014 | ||||||||||||
Loan | 18 | North Penn Business Park | 2.0% | Uti | 41,002 | 09/30/2014 | 88.7% | 05/09/2014 | 6,294 | |||||||||||
Loan | 19 | Cincinnati Multifamily Portfolio | 1.4% | 92.4% | 12/31/2013 | 13,490 | ||||||||||||||
Property | 19.01 | Alms Hills | 0.4% | NAP | NAP | NAP | 93.5% | 12/31/2013 | ||||||||||||
Property | 19.02 | Reids Valley | 0.4% | NAP | NAP | NAP | 86.8% | 12/31/2013 | ||||||||||||
Property | 19.03 | Shelton Gardens | 0.3% | NAP | NAP | NAP | 95.6% | 12/31/2013 | ||||||||||||
Property | 19.04 | Lima Club | 0.2% | NAP | NAP | NAP | 91.9% | 12/31/2013 | ||||||||||||
Loan | 20 | Rochester Gas & Electric | 1.2% | NAP | NAP | NAP | 100.0% | 06/05/2014 | 1,154 | |||||||||||
Loan | 21 | Holiday Inn Express & Suites Santa Cruz(29) | 1.2% | NAP | NAP | NAP | 73.4% | 02/28/2014 | 1/12 of 4.0% of prior year’s gross revenues | |||||||||||
Loan | 22 | 3350 George Washington Way | 1.1% | NAP | NAP | NAP | 100.0% | 06/05/2014 | 319,071 | |||||||||||
Loan | 23 | Drummer Boy RV Park | 1.1% | NAP | NAP | NAP | 53.4% | 03/24/2014 | 1,858 | |||||||||||
Loan | 24 | Aspen Woods Apartments | 0.9% | NAP | NAP | NAP | 95.2% | 03/14/2014 | 4,750 | |||||||||||
Loan | 25 | Cypress Courtyard | 0.9% | Sherwin Williams | 4,770 | 02/28/2018 | 100.0% | 04/22/2014 | 1,189 | |||||||||||
Loan | 26 | Chatham Grove Apartments | 0.8% | NAP | NAP | NAP | 94.2% | 03/07/2014 | 6,391 | |||||||||||
Loan | 27 | Hilltop Shopping Center | 0.8% | Payless # 1348 | 4,410 | 07/31/2015 | 85.2% | 12/01/2013 | 1,321 | |||||||||||
Loan | 28 | Courtyard by Marriott - Hartford Manchester(29) | 0.7% | NAP | NAP | NAP | 76.5% | 03/19/2014 | 762,423 | > of 5.0% of preceding 2nd month’s total gross revenue or required PIP monthly deposit | ||||||||||
Loan | 29 | Academy Sports | 0.6% | NAP | NAP | NAP | 100.0% | 03/20/2014 | Springing | |||||||||||
Loan | 30 | Phoenix Point Townhomes(29) | 0.6% | NAP | NAP | NAP | 94.9% | 02/19/2014 | 4,500 |
A-1-15
COMM 2014-UBS3
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | Upfront | Monthly | ||||||||||||||||||
Property | Initial Pool | Lease | Occupancy | Replacement | Replacement | |||||||||||||||
Flag | ID | Property Name | Balance | 5th Largest Tenant | SF | Expiration(18) | Occupancy(5)(21) | As-of Date | Reserves($)(22) | Reserves ($)(23) | ||||||||||
Loan | 31 | Kona and Kailua Self Storage Portfolio | 0.5% | 74.3% | 03/31/2014 | 1,073 | 1,073 | |||||||||||||
Property | 31.01 | Kailua Self Storage | 0.4% | NAP | NAP | NAP | 79.2% | 03/31/2014 | ||||||||||||
Property | 31.02 | Kona Self Storage | 0.2% | NAP | NAP | NAP | 67.6% | 03/31/2014 | ||||||||||||
Loan | 32 | Woodbridge Apartments | 0.5% | NAP | NAP | NAP | 89.6% | 01/21/2014 | 4,417 | |||||||||||
Loan | 33 | Dollar General Portfolio | 0.5% | 100.0% | 04/23/2014 | 455 | 455 | |||||||||||||
Property | 33.01 | Dollar General - Punta Gorda | 0.1% | NAP | NAP | NAP | 100.0% | 04/23/2014 | ||||||||||||
Property | 33.02 | Dollar General - Cape Coral | 0.1% | NAP | NAP | NAP | 100.0% | 04/23/2014 | ||||||||||||
Property | 33.03 | Dollar General - Davenport | 0.1% | NAP | NAP | NAP | 100.0% | 04/23/2014 | ||||||||||||
Property | 33.04 | Dollar General - Winter Haven | 0.1% | NAP | NAP | NAP | 100.0% | 04/23/2014 | ||||||||||||
Loan | 34 | Walgreens, CVS, O’Reilly Auto Portfolio | 0.5% | 100.0% | 03/19/2014 | Springing | ||||||||||||||
Property | 34.01 | Walgreens - Trenton, OH | 0.2% | NAP | NAP | NAP | 100.0% | 03/19/2014 | ||||||||||||
Property | 34.02 | CVS - Port St. Joe, FL | 0.2% | NAP | NAP | NAP | 100.0% | 03/19/2014 | ||||||||||||
Property | 34.03 | O’Reilly Auto - Kokomo, IN | 0.1% | NAP | NAP | NAP | 100.0% | 03/19/2014 | ||||||||||||
Loan | 35 | Fairfield Inn & Suites by Marriott | 0.5% | NAP | NAP | NAP | 62.3% | 11/30/2013 | 4.0% of gross revenues of two months prior | |||||||||||
Loan | 36 | Walnut Ranch Apartments | 0.5% | NAP | NAP | NAP | 95.8% | 02/20/2014 | 1,980 | |||||||||||
Loan | 37 | Cholla Ranch Apartments | 0.5% | NAP | NAP | NAP | 98.9% | 03/31/2014 | 4,275 | |||||||||||
Loan | 38 | Casa Maribela | 0.5% | NAP | NAP | NAP | 90.5% | 03/25/2014 | 3,979 | |||||||||||
Loan | 39 | Radcliff Square Shopping Center | 0.5% | daVincini Italian Restaurant | 4,800 | 04/30/2024 | 92.1% | 01/01/2014 | 1,213 | |||||||||||
Loan | 40 | Prospect West | 0.5% | NAP | NAP | NAP | 100.0% | 04/01/2014 | 50,000 | 1,278 | ||||||||||
Loan | 41 | Downers Grove Industrial | 0.5% | NAP | NAP | NAP | 100.0% | 04/29/2014 | 700 | 700 | ||||||||||
Loan | 42 | Country Market | 0.5% | NAP | NAP | NAP | 100.0% | 06/05/2014 | 831 | |||||||||||
Loan | 43 | Addison Place | 0.4% | PBL Sales, LLC (Piper Lillies) | 2,440 | 07/31/2014 | 97.3% | 04/23/2014 | 739 | |||||||||||
Loan | 44 | Baymeadows | 0.4% | NAP | NAP | NAP | 95.1% | 03/26/2014 | 3,333 | |||||||||||
Loan | 45 | Executive Center IV | 0.4% | Voit & Hamilton, LLC | 2,844 | 12/31/2017 | 88.4% | 02/01/2014 | 2,782 | |||||||||||
Loan | 46 | La Quinta - Savannah Airport | 0.4% | NAP | NAP | NAP | 76.2% | 01/31/2014 | 1/12 of 4.0% of prior year’s gross income | |||||||||||
Loan | 47 | Holiday Inn Staunton Conference Center | 0.4% | NAP | NAP | NAP | 54.0% | 01/31/2014 | 1/12 of 4.0% of lender calculated annual gross revenues | |||||||||||
Loan | 48 | Shoppes at Carol Stream | 0.4% | Subway | 1,368 | 04/30/2021 | 100.0% | 03/25/2014 | 264 | |||||||||||
Loan | 49 | Coral Springs Apartment Portfolio | 0.3% | NAP | NAP | NAP | 95.3% | Various | 896 | |||||||||||
Property | 49.01 | Castlewood Townhome Apartments | 0.2% | NAP | NAP | NAP | 95.8% | 02/05/2014 | ||||||||||||
Property | 49.02 | Glenwood Apartments | 0.1% | NAP | NAP | NAP | 94.7% | 02/18/2014 |
A-1-16
COMM 2014-UBS3
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 ($)(22)(24) | Reserves ($)(23)(24) | Reserves ($)(22) | Reserves ($)(23)(24) | Reserves($)(22) | Reserves ($)(23)(24) | Reserve($)(22) | ||||||||||
Loan | 1 | Bronx Terminal Market(27)(29)(30) | 9.9% | Springing | Springing | Springing | ||||||||||||||
Loan | 2 | State Farm Portfolio(27)(28) | 9.5% | Springing | Springing | Springing | ||||||||||||||
Property | 2.01 | Charlottesville State Farm Office | 1.3% | |||||||||||||||||
Property | 2.02 | Murfreesboro State Farm Office | 1.1% | |||||||||||||||||
Property | 2.03 | Ballston Spa State Farm Office | 1.0% | |||||||||||||||||
Property | 2.04 | Birmingham State Farm Office | 0.9% | |||||||||||||||||
Property | 2.05 | Tulsa State Farm Office | 0.8% | �� | ||||||||||||||||
Property | 2.06 | Columbia State Farm Office | 0.8% | |||||||||||||||||
Property | 2.07 | Jacksonville State Farm Office | 0.8% | |||||||||||||||||
Property | 2.08 | Lincoln North State Farm Office | 0.6% | |||||||||||||||||
Property | 2.09 | Greeley Central State Farm Office | 0.5% | |||||||||||||||||
Property | 2.10 | New Albany State Farm Office | 0.5% | |||||||||||||||||
Property | 2.11 | Lincoln South State Farm Office | 0.3% | |||||||||||||||||
Property | 2.12 | Greeley South State Farm Office | 0.3% | |||||||||||||||||
Property | 2.13 | Kalamazoo State Farm Office | 0.2% | |||||||||||||||||
Property | 2.14 | Greeley North State Farm Office | 0.2% | |||||||||||||||||
Loan | 3 | Equitable Plaza | 9.0% | 1,500,000 | 117,584 | 152,618 | 50,873 | Springing | 8,000 | |||||||||||
Loan | 4 | Southfield Town Center(27) | 7.6% | 12,600,000 | 179,362 | 2,259,860 | 360,991 | 48,470 | 48,470 | 277,438 | ||||||||||
Loan | 5 | Sixty LES | 5.9% | 570,396 | 114,079 | 100,873 | 11,208 | 27,875 | ||||||||||||
Loan | 6 | 1100 Superior Avenue(29) | 5.0% | 450,000 | 48,064 | 488,211 | 97,642 | Springing | 23,285 | |||||||||||
Loan | 7 | Solo Cup | 4.5% | Springing | Springing | Springing | 139,610 | |||||||||||||
Loan | 8 | Hilton Charlotte University Place | 4.3% | 169,782 | 33,956 | Springing | 11,550 | |||||||||||||
Loan | 9 | Sunrise Hospitality Portfolio | 3.2% | 252,687 | 38,803 | Springing | ||||||||||||||
Property | 9.01 | Holiday Inn Express & Suites - West Monroe | 1.1% | |||||||||||||||||
Property | 9.02 | Holiday Inn Express & Suites - Shreveport South Park Plaza | 0.8% | |||||||||||||||||
Property | 9.03 | Holiday Inn Express & Suites - Bossier City Race Track | 0.5% | |||||||||||||||||
Property | 9.04 | Hampton Inn & Suites - Bossier City | 0.5% | |||||||||||||||||
Property | 9.05 | Holiday Inn Express & Suites - Shreveport Airport | 0.3% | |||||||||||||||||
Loan | 10 | Village Square and Deerpath Court | 2.9% | |||||||||||||||||
Property | 10.01 | Village Square | 1.8% | |||||||||||||||||
Property | 10.02 | Deerpath Court | 1.1% | |||||||||||||||||
Loan | 11 | Newport Commons(31) | 2.7% | 241,847 | 31,756 | 6,740 | 6,740 | 29,625 | ||||||||||||
Loan | 12 | Preserve at Grande Oaks | 2.6% | 142,457 | 28,491 | 6,213 | 6,213 | |||||||||||||
Loan | 13 | Pine Haven RV Park | 2.4% | 24,607 | 9,464 | 27,775 | 6,038 | |||||||||||||
Loan | 14 | Westgate Plaza | 2.4% | 100,000 | 7,498 | 111,587 | 27,897 | Springing | 343,119 | |||||||||||
Loan | 15 | Enclave at Prestonwood | 2.2% | 178,275 | 44,569 | Springing | 25,313 | |||||||||||||
Loan | 16 | Capstar Plaza | 2.2% | Springing | Springing | |||||||||||||||
Loan | 17 | Florida Multifamily Portfolio | 2.0% | 22,175 | 22,175 | Springing | 112,438 | |||||||||||||
Property | 17.01 | Shadowood Apartments | 0.5% | |||||||||||||||||
Property | 17.02 | University Square Apartments | 0.4% | |||||||||||||||||
Property | 17.03 | Terrace Trace Apartments | 0.4% | |||||||||||||||||
Property | 17.04 | Hidden Acres Apartments | 0.4% | |||||||||||||||||
Property | 17.05 | Pinellas Pines Apartments | 0.3% | |||||||||||||||||
Loan | 18 | North Penn Business Park | 2.0% | 18,132 | 172,685 | 24,749 | 69,654 | 6,831 | 31,250 | |||||||||||
Loan | 19 | Cincinnati Multifamily Portfolio | 1.4% | 46,162 | 12,103 | Springing | 99,469 | |||||||||||||
Property | 19.01 | Alms Hills | 0.4% | |||||||||||||||||
Property | 19.02 | Reids Valley | 0.4% | |||||||||||||||||
Property | 19.03 | Shelton Gardens | 0.3% | |||||||||||||||||
Property | 19.04 | Lima Club | 0.2% | |||||||||||||||||
Loan | 20 | Rochester Gas & Electric | 1.2% | Springing | Springing | |||||||||||||||
Loan | 21 | Holiday Inn Express & Suites Santa Cruz(29) | 1.2% | 64,199 | 16,050 | 9,554 | 4,777 | |||||||||||||
Loan | 22 | 3350 George Washington Way | 1.1% | 200,000 | 36,135 | Springing | 14,553 | 1,213 | ||||||||||||
Loan | 23 | Drummer Boy RV Park | 1.1% | 27,792 | 6,042 | 13,372 | 2,907 | |||||||||||||
Loan | 24 | Aspen Woods Apartments | 0.9% | 66,492 | 11,874 | 34,539 | 6,168 | 38,830 | ||||||||||||
Loan | 25 | Cypress Courtyard | 0.9% | 5,168 | 48,244 | 6,348 | 10,922 | 4,201 | 6,250 | |||||||||||
Loan | 26 | Chatham Grove Apartments | 0.8% | 76,726 | 14,438 | 17,872 | 4,468 | 979,950 | ||||||||||||
Loan | 27 | Hilltop Shopping Center | 0.8% | 295,416 | 5,742 | 4,552 | 4,552 | 2,580 | 1,290 | 275,000 | ||||||||||
Loan | 28 | Courtyard by Marriott - Hartford Manchester(29) | 0.7% | 61,033 | 15,258 | Springing | ||||||||||||||
Loan | 29 | Academy Sports | 0.6% | Springing | Springing | Springing | ||||||||||||||
Loan | 30 | Phoenix Point Townhomes(29) | 0.6% | 21,884 | 4,377 | 15,913 | 5,304 | 8,625 |
A-1-17
COMM 2014-UBS3
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 ($)(22)(24) | Reserves ($)(23)(24) | Reserves ($)(22) | Reserves ($)(23)(24) | Reserves($)(22) | Reserves ($)(23)(24) | Reserve($)(22) | ||||||||||
Loan | 31 | Kona and Kailua Self Storage Portfolio | 0.5% | 25,724 | 5,145 | 7,321 | 2,440 | 33,500 | ||||||||||||
Property | 31.01 | Kailua Self Storage | 0.4% | |||||||||||||||||
Property | 31.02 | Kona Self Storage | 0.2% | |||||||||||||||||
Loan | 32 | Woodbridge Apartments | 0.5% | 46,644 | 6,663 | 5,883 | 14,688 | |||||||||||||
Loan | 33 | Dollar General Portfolio | 0.5% | Springing | 23,837 | 3,405 | Springing | |||||||||||||
Property | 33.01 | Dollar General - Punta Gorda | 0.1% | |||||||||||||||||
Property | 33.02 | Dollar General - Cape Coral | 0.1% | |||||||||||||||||
Property | 33.03 | Dollar General - Davenport | 0.1% | |||||||||||||||||
Property | 33.04 | Dollar General - Winter Haven | 0.1% | |||||||||||||||||
Loan | 34 | Walgreens, CVS, O’Reilly Auto Portfolio | 0.5% | Springing | Springing | Springing | ||||||||||||||
Property | 34.01 | Walgreens - Trenton, OH | 0.2% | |||||||||||||||||
Property | 34.02 | CVS - Port St. Joe, FL | 0.2% | |||||||||||||||||
Property | 34.03 | O’Reilly Auto - Kokomo, IN | 0.1% | |||||||||||||||||
Loan | 35 | Fairfield Inn & Suites by Marriott | 0.5% | 4,876 | 2,239 | 1,120 | 6,813 | |||||||||||||
Loan | 36 | Walnut Ranch Apartments | 0.5% | 2,871 | 5,828 | 3,528 | 2,478 | 58,355 | ||||||||||||
Loan | 37 | Cholla Ranch Apartments | 0.5% | 7,410 | 7,410 | Springing | 2,750 | |||||||||||||
Loan | 38 | Casa Maribela | 0.5% | 3,150 | 22,756 | 3,447 | 9,375 | |||||||||||||
Loan | 39 | Radcliff Square Shopping Center | 0.5% | 141,207 | 4,045 | 12,913 | 2,583 | 2,029 | 2,029 | |||||||||||
Loan | 40 | Prospect West | 0.5% | Springing | Springing | Springing | ||||||||||||||
Loan | 41 | Downers Grove Industrial | 0.5% | Springing | 21,079 | 7,026 | 2,801 | 350 | 291,792 | |||||||||||
Loan | 42 | Country Market | 0.5% | 33,000 | 10,461 | 782 | 782 | |||||||||||||
Loan | 43 | Addison Place | 0.4% | 2,770 | 21,960 | 2,554 | 10,896 | 1,135 | ||||||||||||
Loan | 44 | Baymeadows | 0.4% | 65,645 | 8,206 | 33,886 | 6,283 | 103,615 | ||||||||||||
Loan | 45 | Executive Center IV | 0.4% | 8,918 | 8,435 | 3,316 | 921 | |||||||||||||
Loan | 46 | La Quinta - Savannah Airport | 0.4% | 17,725 | 3,165 | 22,500 | 3,409 | |||||||||||||
Loan | 47 | Holiday Inn Staunton Conference Center | 0.4% | 19,313 | 3,182 | 6,516 | 3,258 | 18,125 | ||||||||||||
Loan | 48 | Shoppes at Carol Stream | 0.4% | 3,526 | 78,830 | 8,900 | 1,355 | 452 | ||||||||||||
Loan | 49 | Coral Springs Apartment Portfolio | 0.3% | 21,112 | 5,278 | 3,808 | 3,808 | |||||||||||||
Property | 49.01 | Castlewood Townhome Apartments | 0.2% | |||||||||||||||||
Property | 49.02 | Glenwood Apartments | 0.1% |
A-1-18
COMM 2014-UBS3
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | Other | Environmental | ||||||||||||
Property | Initial Pool | Other | Reserves | Report | Engineering | |||||||||
Flag | ID | Property Name | Balance | Reserves ($)(22)(23) | Description(22)(23)(24) | Date(25) | Report Date | |||||||
Loan | 1 | Bronx Terminal Market(27)(29)(30) | 9.9% | Springing | Ground Rent Reserve (Monthly: Springing) | 01/08/2014 | 01/07/2014 | |||||||
Loan | 2 | State Farm Portfolio(27)(28) | 9.5% | Springing | Major Tenant TI/LC Reserve (Springing Monthly: Excess Cash Flow); State Farm Prepaid Base Rent (Springing) | Various | 03/17/2014 | |||||||
Property | 2.01 | Charlottesville State Farm Office | 1.3% | 03/10/2014 | 03/17/2014 | |||||||||
Property | 2.02 | Murfreesboro State Farm Office | 1.1% | 03/11/2014 | 03/17/2014 | |||||||||
Property | 2.03 | Ballston Spa State Farm Office | 1.0% | 03/17/2014 | 03/17/2014 | |||||||||
Property | 2.04 | Birmingham State Farm Office | 0.9% | 03/10/2014 | 03/17/2014 | |||||||||
Property | 2.05 | Tulsa State Farm Office | 0.8% | 03/10/2014 | 03/17/2014 | |||||||||
Property | 2.06 | Columbia State Farm Office | 0.8% | 03/10/2014 | 03/17/2014 | |||||||||
Property | 2.07 | Jacksonville State Farm Office | 0.8% | 03/11/2014 | 03/17/2014 | |||||||||
Property | 2.08 | Lincoln North State Farm Office | 0.6% | 03/18/2014 | 03/17/2014 | |||||||||
Property | 2.09 | Greeley Central State Farm Office | 0.5% | 03/17/2014 | 03/17/2014 | |||||||||
Property | 2.10 | New Albany State Farm Office | 0.5% | 03/17/2014 | 03/17/2014 | |||||||||
Property | 2.11 | Lincoln South State Farm Office | 0.3% | 03/18/2014 | 03/17/2014 | |||||||||
Property | 2.12 | Greeley South State Farm Office | 0.3% | 03/17/2014 | 03/17/2014 | |||||||||
Property | 2.13 | Kalamazoo State Farm Office | 0.2% | 03/18/2014 | 03/17/2014 | |||||||||
Property | 2.14 | Greeley North State Farm Office | 0.2% | 03/17/2014 | 03/17/2014 | |||||||||
Loan | 3 | Equitable Plaza | 9.0% | 1,772,480 | Free Rent Reserve (Upfront: 1,264,188); Scheduled Existing TI/LC Reserve (Upfront: 508,292) | 03/17/2014 | 03/17/2014 | |||||||
Loan | 4 | Southfield Town Center(27) | 7.6% | 7,173,317 | Free Rent Reserve (Upfront:2,668,939); Existing Leases Reserve (Upfront: 4,504,378) | 04/03/2014 | 04/03/2014 | |||||||
Loan | 5 | Sixty LES | 5.9% | 49,200 | Permanent Certificate of Occupancy (Upfront: 49,200); Common Charge Reserve (Monthly: Springing) | 12/17/2013 | 12/15/2013 | |||||||
Loan | 6 | 1100 Superior Avenue(29) | 5.0% | 1,441,312 | Unfunded Obligation Reserve (Upfront: 1,441,312); Major Tenant Rollover (Springing Monthly: Excess Cash Flow) | 04/07/2014 | 04/07/2014 | |||||||
Loan | 7 | Solo Cup | 4.5% | 10/03/2013 | 10/03/2013 | |||||||||
Loan | 8 | Hilton Charlotte University Place | 4.3% | 75,000 | Seasonality Reserve (Upfront: 75,000; Monthly: 25,000) | 03/14/2014 | 03/14/2014 | |||||||
Loan | 9 | Sunrise Hospitality Portfolio | 3.2% | 387,875 | Franchise PIP Funds (Upfront: 387,875) | Various | 04/14/2014 | |||||||
Property | 9.01 | Holiday Inn Express & Suites - West Monroe | 1.1% | 04/15/2014 | 04/14/2014 | |||||||||
Property | 9.02 | Holiday Inn Express & Suites - Shreveport South Park Plaza | 0.8% | 04/14/2014 | 04/14/2014 | |||||||||
Property | 9.03 | Holiday Inn Express & Suites - Bossier City Race Track | 0.5% | 04/11/2014 | 04/14/2014 | |||||||||
Property | 9.04 | Hampton Inn & Suites - Bossier City | 0.5% | 04/14/2014 | 04/14/2014 | |||||||||
Property | 9.05 | Holiday Inn Express & Suites - Shreveport Airport | 0.3% | 04/15/2014 | 04/14/2014 | |||||||||
Loan | 10 | Village Square and Deerpath Court | 2.9% | 13,352 | Environmental Insurance Reserve (Upfront: 13,352) | Various | Various | |||||||
Property | 10.01 | Village Square | 1.8% | 03/31/2014 | 03/27/2014 | |||||||||
Property | 10.02 | Deerpath Court | 1.1% | 03/28/2014 | 03/25/2014 | |||||||||
Loan | 11 | Newport Commons(31) | 2.7% | 02/28/2014 | 02/28/2014 | |||||||||
Loan | 12 | Preserve at Grande Oaks | 2.6% | 200,000 | Holdback Reserve (Upfront: 200,000) | 04/01/2014 | 04/01/2014 | |||||||
Loan | 13 | Pine Haven RV Park | 2.4% | 586,850 | Seasonality Reserve (Upfront: 500,000; Springing Monthly: Excess Cash Flow); Relocation Reserve (Upfront: 86,850) | 03/14/2014 | 03/14/2014 | |||||||
Loan | 14 | Westgate Plaza | 2.4% | 03/28/2014 | 03/31/2014 | |||||||||
Loan | 15 | Enclave at Prestonwood | 2.2% | 1,500,330 | Renovation Reserve (Upfront: 1,500,330) | 02/26/2014 | 02/26/2014 | |||||||
Loan | 16 | Capstar Plaza | 2.2% | 12/02/2013 | 12/05/2013 | |||||||||
Loan | 17 | Florida Multifamily Portfolio | 2.0% | |||||||||||
Property | 17.01 | Shadowood Apartments | 0.5% | 03/18/2014 | 03/17/2014 | |||||||||
Property | 17.02 | University Square Apartments | 0.4% | 03/18/2014 | 03/17/2014 | |||||||||
Property | 17.03 | Terrace Trace Apartments | 0.4% | 03/18/2014 | 03/17/2014 | |||||||||
Property | 17.04 | Hidden Acres Apartments | 0.4% | 03/18/2014 | 03/17/2014 | |||||||||
Property | 17.05 | Pinellas Pines Apartments | 0.3% | 03/18/2014 | 03/17/2014 | |||||||||
Loan | 18 | North Penn Business Park | 2.0% | 800,000 | Back-up Reserve (Upfront: 200,000); Accretive Lease (Upfront: 600,000); Dal-Tile Accretive Lease (Springing monthly: excess cash flow) | 02/18/2014 | 02/19/2014 | |||||||
Loan | 19 | Cincinnati Multifamily Portfolio | 1.4% | 8,625 | Environmental Repairs (Upfront: 8,625) | |||||||||
Property | 19.01 | Alms Hills | 0.4% | 02/25/2014 | 02/27/2014 | |||||||||
Property | 19.02 | Reids Valley | 0.4% | 02/25/2014 | 02/25/2014 | |||||||||
Property | 19.03 | Shelton Gardens | 0.3% | 02/25/2014 | 02/25/2014 | |||||||||
Property | 19.04 | Lima Club | 0.2% | 02/26/2014 | 02/25/2014 | |||||||||
Loan | 20 | Rochester Gas & Electric | 1.2% | Springing | Retenanting Reserve (Springing Monthly: Excess Cash Flow); ARD Subaccount Reserve (Springing Monthly: Monthly Debt Service) | 11/07/2013 | 11/07/2013 | |||||||
Loan | 21 | Holiday Inn Express & Suites Santa Cruz(29) | 1.2% | 166,267 | Debt Service Reserve (Upfront: 132,378); Seasonality Reserve (Upfront: 33,889; Monthly: 17,521) | 03/04/2014 | 03/05/2014 | |||||||
Loan | 22 | 3350 George Washington Way | 1.1% | 20,180 | Ground Lease Reserve (Upfront: 20,180, Monthly: Springing) | 03/19/2014 | 03/19/2014 | |||||||
Loan | 23 | Drummer Boy RV Park | 1.1% | 366,119 | Seasonality Reserve (Upfront: 350,000; Springing Monthly: Excess Cash Flow); Outstanding Zoning Matters Reserve (Upfront: 16,119) | 03/14/2014 | 03/14/2014 | |||||||
Loan | 24 | Aspen Woods Apartments | 0.9% | 18,750 | Mold Remediation Reserve (Upfront: 18,750) | 03/19/2014 | 03/19/2014 | |||||||
Loan | 25 | Cypress Courtyard | 0.9% | 51,600 | Unfunded Obligation (Upfront: 51,600); Major Tenant (Springing Monthly: Excess Cash Flow) | 04/17/2014 | 04/17/2014 | |||||||
Loan | 26 | Chatham Grove Apartments | 0.8% | 3,125 | Building Code Violation (Upfront: 3,125) | 05/02/2014 | 05/02/2014 | |||||||
Loan | 27 | Hilltop Shopping Center | 0.8% | 725,614 | Party City Construction Reserve (Upfront: 362,733); Party City Co-Tenancy (Upfront: 200,000); Free Rent/Recoveries Reserve (Upfront: 162,881) | 02/04/2014 | 02/13/2014 | |||||||
Loan | 28 | Courtyard by Marriott - Hartford Manchester(29) | 0.7% | Springing | Required Future PIP Renovations | 04/17/2014 | 04/21/2014 | |||||||
Loan | 29 | Academy Sports | 0.6% | 02/12/2014 | 02/13/2014 | |||||||||
Loan | 30 | Phoenix Point Townhomes(29) | 0.6% | 02/04/2014 | 02/04/2014 |
A-1-19
COMM 2014-UBS3
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | Other | Environmental | ||||||||||||
Property | Initial Pool | Other | Reserves | Report | Engineering | |||||||||
Flag | ID | Property Name | Balance | Reserves ($)(22)(23) | Description(22)(23)(24) | Date(25) | Report Date | |||||||
Loan | 31 | Kona and Kailua Self Storage Portfolio | 0.5% | |||||||||||
Property | 31.01 | Kailua Self Storage | 0.4% | 04/11/2014 | 04/11/2014 | |||||||||
Property | 31.02 | Kona Self Storage | 0.2% | 04/11/2014 | 04/11/2014 | |||||||||
Loan | 32 | Woodbridge Apartments | 0.5% | 1,000 | O&M Plan (Upfront: 1,000) | 02/03/2014 | 02/01/2014 | |||||||
Loan | 33 | Dollar General Portfolio | 0.5% | |||||||||||
Property | 33.01 | Dollar General - Punta Gorda | 0.1% | 03/17/2014 | 03/17/2014 | |||||||||
Property | 33.02 | Dollar General - Cape Coral | 0.1% | 03/17/2014 | 03/17/2014 | |||||||||
Property | 33.03 | Dollar General - Davenport | 0.1% | 03/17/2014 | 03/17/2014 | |||||||||
Property | 33.04 | Dollar General - Winter Haven | 0.1% | 03/17/2014 | 03/17/2014 | |||||||||
Loan | 34 | Walgreens, CVS, O’Reilly Auto Portfolio | 0.5% | |||||||||||
Property | 34.01 | Walgreens - Trenton, OH | 0.2% | 11/27/2013 | 11/18/2013 | |||||||||
Property | 34.02 | CVS - Port St. Joe, FL | 0.2% | 04/25/2014 | 09/24/2013 | |||||||||
Property | 34.03 | O’Reilly Auto - Kokomo, IN | 0.1% | 11/18/2013 | 11/14/2013 | |||||||||
Loan | 35 | Fairfield Inn & Suites by Marriott | 0.5% | 23,525 | Seasonality Reserve (Upfront: 23,525; Monthly: 23,525) | 11/25/2013 | 11/25/2013 | |||||||
Loan | 36 | Walnut Ranch Apartments | 0.5% | 01/07/2014 | 01/07/2014 | |||||||||
Loan | 37 | Cholla Ranch Apartments | 0.5% | 02/04/2014 | 02/04/2014 | |||||||||
Loan | 38 | Casa Maribela | 0.5% | 02/10/2014 | 02/06/2014 | |||||||||
Loan | 39 | Radcliff Square Shopping Center | 0.5% | 03/07/2014 | 03/07/2014 | |||||||||
Loan | 40 | Prospect West | 0.5% | Springing | Roof Replacement Reserve | 03/20/2014 | 03/19/2014 | |||||||
Loan | 41 | Downers Grove Industrial | 0.5% | 04/21/2014 | 04/14/2014 | |||||||||
Loan | 42 | Country Market | 0.5% | Springing | Retenanting Reserve (Springing Monthly: Excess Cash Flow) | 02/13/2014 | 02/13/2014 | |||||||
Loan | 43 | Addison Place | 0.4% | 348,751 | Renovation Reserve (Upfront: 300,000); Tenant Reserves (Upfront: 46,400); Free Rent Reserve (Upfront: 2,351) | 02/12/2014 | 02/12/2014 | |||||||
Loan | 44 | Baymeadows | 0.4% | 09/03/2013 | 09/04/2013 | |||||||||
Loan | 45 | Executive Center IV | 0.4% | 575,000 | Achievement Reserve (Upfront: 575,000); Major Tenant Rollover (Springing Monthly: Excess Cash Flow) | 11/13/2013 | 11/13/2013 | |||||||
Loan | 46 | La Quinta - Savannah Airport | 0.4% | 02/19/2014 | 02/19/2014 | |||||||||
Loan | 47 | Holiday Inn Staunton Conference Center | 0.4% | 16,615 | Seasonality Reserve (Upfront: 16,615; Monthly: 8,308) | 03/24/2014 | 03/24/2014 | |||||||
Loan | 48 | Shoppes at Carol Stream | 0.4% | 10/15/2013 | 10/16/2013 | |||||||||
Loan | 49 | Coral Springs Apartment Portfolio | 0.3% | 02/18/2014 | 02/18/2014 | |||||||||
Property | 49.01 | Castlewood Townhome Apartments | 0.2% | 02/18/2014 | 02/18/2014 | |||||||||
Property | 49.02 | Glenwood Apartments | 0.1% | 02/18/2014 | 02/18/2014 |
A-1-20
COMM 2014-UBS3
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | ||||||||||||
Property | Initial Pool | Loan | ||||||||||
Flag | ID | Property Name | Balance | Purpose | Sponsor | Guarantor(26) | ||||||
Loan | 1 | Bronx Terminal Market(27)(29)(30) | 9.9% | Refinance | The Related Companies, L.P. | The Related Companies, L.P. | ||||||
Loan | 2 | State Farm Portfolio(27)(28) | 9.5% | Acquisition | JDM Partners Opportunity Fund II LLC | JDM Partners Opportunity Fund II LLC | ||||||
Property | 2.01 | Charlottesville State Farm Office | 1.3% | |||||||||
Property | 2.02 | Murfreesboro State Farm Office | 1.1% | |||||||||
Property | 2.03 | Ballston Spa State Farm Office | 1.0% | |||||||||
Property | 2.04 | Birmingham State Farm Office | 0.9% | |||||||||
Property | 2.05 | Tulsa State Farm Office | 0.8% | |||||||||
Property | 2.06 | Columbia State Farm Office | 0.8% | |||||||||
Property | 2.07 | Jacksonville State Farm Office | 0.8% | |||||||||
Property | 2.08 | Lincoln North State Farm Office | 0.6% | |||||||||
Property | 2.09 | Greeley Central State Farm Office | 0.5% | |||||||||
Property | 2.10 | New Albany State Farm Office | 0.5% | |||||||||
Property | 2.11 | Lincoln South State Farm Office | 0.3% | |||||||||
Property | 2.12 | Greeley South State Farm Office | 0.3% | |||||||||
Property | 2.13 | Kalamazoo State Farm Office | 0.2% | |||||||||
Property | 2.14 | Greeley North State Farm Office | 0.2% | |||||||||
Loan | 3 | Equitable Plaza | 9.0% | Refinance | David Y. Lee | David Y. Lee | ||||||
Loan | 4 | Southfield Town Center(27) | 7.6% | Acquisition | Michael Silberberg; Alfons Melohn; Dennis Platt; Ronnie Roz; Harry Jacobowitz | Michael Silberberg; Alfons Melohn; Dennis Platt; Ronnie Roz; Harry Jacobowitz | ||||||
Loan | 5 | Sixty LES | 5.9% | Refinance | Michael Pomeranc, Lawrence Pomeranc, Jason Pomeranc | Michael Pomeranc, Lawrence Pomeranc, Jason Pomeranc | ||||||
Loan | 6 | 1100 Superior Avenue(29) | 5.0% | Refinance | Yisroel Gluck | Yisroel Gluck | ||||||
Loan | 7 | Solo Cup | 4.5% | Acquisition | Corporate Property Associates 18 - Global Incorporated | Corporate Property Associates 18 - Global Incorporated | ||||||
Loan | 8 | Hilton Charlotte University Place | 4.3% | Refinance | Kenneth Kochenour | Kenneth Kochenour | ||||||
Loan | 9 | Sunrise Hospitality Portfolio | 3.2% | Refinance | M. Kevin Dzurik; Kevin C. Gamble; Keith E. Gamble; Denny Gamble, Jr. | M. Kevin Dzurik; Kevin C. Gamble; Keith E. Gamble; Denny Gamble, Jr. | ||||||
Property | 9.01 | Holiday Inn Express & Suites - West Monroe | 1.1% | |||||||||
Property | 9.02 | Holiday Inn Express & Suites - Shreveport South Park Plaza | 0.8% | |||||||||
Property | 9.03 | Holiday Inn Express & Suites - Bossier City Race Track | 0.5% | |||||||||
Property | 9.04 | Hampton Inn & Suites - Bossier City | 0.5% | |||||||||
Property | 9.05 | Holiday Inn Express & Suites - Shreveport Airport | 0.3% | |||||||||
Loan | 10 | Village Square and Deerpath Court | 2.9% | Refinance | John Alan Sfire | John Alan Sfire | ||||||
Property | 10.01 | Village Square | 1.8% | |||||||||
Property | 10.02 | Deerpath Court | 1.1% | |||||||||
Loan | 11 | Newport Commons(31) | 2.7% | Refinance | Laralee Bash; Nathan Yoder | Laralee Bash; Nathan Yoder | ||||||
Loan | 12 | Preserve at Grande Oaks | 2.6% | Refinance | Charles F. Weber | Charles F. Weber | ||||||
Loan | 13 | Pine Haven RV Park | 2.4% | Refinance | Barry L. Haase | Barry L. Haase | ||||||
Loan | 14 | Westgate Plaza | 2.4% | Refinance | Victory Real Estate Investments, LLC | Victory Real Estate Investments, LLC | ||||||
Loan | 15 | Enclave at Prestonwood | 2.2% | Acquisition | Carlos P. Vaz | Carlos P. Vaz | ||||||
Loan | 16 | Capstar Plaza | 2.2% | Acquisition | Jane B. Holzer | Jane B. Holzer | ||||||
Loan | 17 | Florida Multifamily Portfolio | 2.0% | Refinance | Arbor Realty SR, Inc. | Arbor Realty SR, Inc. | ||||||
Property | 17.01 | Shadowood Apartments | 0.5% | |||||||||
Property | 17.02 | University Square Apartments | 0.4% | |||||||||
Property | 17.03 | Terrace Trace Apartments | 0.4% | |||||||||
Property | 17.04 | Hidden Acres Apartments | 0.4% | |||||||||
Property | 17.05 | Pinellas Pines Apartments | 0.3% | |||||||||
Loan | 18 | North Penn Business Park | 2.0% | Refinance | Stoltz Management of Delaware, Inc. | Cirrus 210 LLC | ||||||
Loan | 19 | Cincinnati Multifamily Portfolio | 1.4% | Refinance | Chaim Puretz | Chaim Puretz | ||||||
Property | 19.01 | Alms Hills | 0.4% | |||||||||
Property | 19.02 | Reids Valley | 0.4% | |||||||||
Property | 19.03 | Shelton Gardens | 0.3% | |||||||||
Property | 19.04 | Lima Club | 0.2% | |||||||||
Loan | 20 | Rochester Gas & Electric | 1.2% | Refinance | Allen Singer | Allen Singer | ||||||
Loan | 21 | Holiday Inn Express & Suites Santa Cruz(29) | 1.2% | Acquisition | Blu Hotel Investors | The SKAC Quach Living Trust dated September 21, 2001, Steve Y. Quach, Kathy T. Quach, Michael A. Barnard and Rony Husein | ||||||
Loan | 22 | 3350 George Washington Way | 1.1% | Refinance | Cowperwood Company, Inc. | John C. Harvey | ||||||
Loan | 23 | Drummer Boy RV Park | 1.1% | Refinance | Barry L. Haase | Barry L. Haase | ||||||
Loan | 24 | Aspen Woods Apartments | 0.9% | Refinance | William Ian MacDonald | William Ian MacDonald | ||||||
Loan | 25 | Cypress Courtyard | 0.9% | Refinance | Daniel Hotte | Daniel Hotte | ||||||
Loan | 26 | Chatham Grove Apartments | 0.8% | Refinance | Nikola Kozul | Nikola Kozul | ||||||
Loan | 27 | Hilltop Shopping Center | 0.8% | Refinance | Mark Vakili | Mark Vakili | ||||||
Loan | 28 | Courtyard by Marriott - Hartford Manchester(29) | 0.7% | Refinance | Ashford Hospitality Limited Partnership | Ashford Hospitality Limited Partnership | ||||||
Loan | 29 | Academy Sports | 0.6% | Acquisition | Inland Private Capital Corporation | Inland Private Capital Corporation | ||||||
Loan | 30 | Phoenix Point Townhomes(29) | 0.6% | Refinance | Alexius J. Dorsey; Mark Seruya | Alexius J. Dorsey; Mark Seruya |
A-1-21
COMM 2014-UBS3
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | ||||||||||||
Property | Initial Pool | Loan | ||||||||||
Flag | ID | Property Name | Balance | Purpose | Sponsor | Guarantor(26) | ||||||
Loan | 31 | Kona and Kailua Self Storage Portfolio | 0.5% | Acquisition | Mark L. Conzelman & M. Paul Conzelman | Mark L. Conzelman & M. Paul Conzelman | ||||||
Property | 31.01 | Kailua Self Storage | 0.4% | |||||||||
Property | 31.02 | Kona Self Storage | 0.2% | |||||||||
Loan | 32 | Woodbridge Apartments | 0.5% | Refinance | Gursharan Pannu | Gursharan Pannu | ||||||
Loan | 33 | Dollar General Portfolio | 0.5% | Refinance | John N. Daniel III; Michael D. Houghton; Austin B. Cox | John N. Daniel III; Michael D. Houghton; Austin B. Cox | ||||||
Property | 33.01 | Dollar General - Punta Gorda | 0.1% | |||||||||
Property | 33.02 | Dollar General - Cape Coral | 0.1% | |||||||||
Property | 33.03 | Dollar General - Davenport | 0.1% | |||||||||
Property | 33.04 | Dollar General - Winter Haven | 0.1% | |||||||||
Loan | 34 | Walgreens, CVS, O’Reilly Auto Portfolio | 0.5% | Acquisition | Inland Private Capital Corporation | Inland Private Capital Corporation | ||||||
Property | 34.01 | Walgreens - Trenton, OH | 0.2% | |||||||||
Property | 34.02 | CVS - Port St. Joe, FL | 0.2% | |||||||||
Property | 34.03 | O’Reilly Auto - Kokomo, IN | 0.1% | |||||||||
Loan | 35 | Fairfield Inn & Suites by Marriott | 0.5% | Refinance | Mahinder S. Chhabra | Mahinder S. Chhabra; Kuldeep Chhabra | ||||||
Loan | 36 | Walnut Ranch Apartments | 0.5% | Refinance | Karen S. Fox | Karen S. Fox | ||||||
Loan | 37 | Cholla Ranch Apartments | 0.5% | Refinance | Robert H. Turner | Robert H. Turner | ||||||
Loan | 38 | Casa Maribela | 0.5% | Refinance | James Peter Niebuhr; Thomas Abraham Niebuhr; Richard Brian Niebuhr; David Jack Niebuhr; Dieter Nickel; Janet Claire Lepage | James Peter Niebuhr; Thomas Abraham Niebuhr; Richard Brian Niebuhr; David Jack Niebuhr; Dieter Nickel; Janet Claire Lepage | ||||||
Loan | 39 | Radcliff Square Shopping Center | 0.5% | Refinance | Joseph L. Markham | Joseph L. Markham | ||||||
Loan | 40 | Prospect West | 0.5% | Acquisition | Gladstone Commercial Corporation | Gladstone Commercial Corporation | ||||||
Loan | 41 | Downers Grove Industrial | 0.5% | Refinance | John E. Shaffer; E. Thomas Collins Jr | John E. Shaffer; E. Thomas Collins Jr | ||||||
Loan | 42 | Country Market | 0.5% | Acquisition | Marsha D. Barker f/k/a Marsha D. Calfin | Marsha D. Barker f/k/a Marsha D. Calfin | ||||||
Loan | 43 | Addison Place | 0.4% | Refinance | John L. Varner | John L. Varner | ||||||
Loan | 44 | Baymeadows | 0.4% | Refinance | Avesta Real Estate Holdings LLC | Peter Reynolds, Nathaniel Fischer | ||||||
Loan | 45 | Executive Center IV | 0.4% | Refinance | Joshua Carl | Joshua Carl | ||||||
Loan | 46 | La Quinta - Savannah Airport | 0.4% | Refinance | Bharatbhai M. Patel | Bharatbhai M. Patel | ||||||
Loan | 47 | Holiday Inn Staunton Conference Center | 0.4% | Refinance | Jagdish R. Patel | Jagdish R. Patel | ||||||
Loan | 48 | Shoppes at Carol Stream | 0.4% | Refinance | Charles H. Cui | Charles H. Cui | ||||||
Loan | 49 | Coral Springs Apartment Portfolio | 0.3% | Acquisition | Lewis Moscovitch | Lewis Moscovitch | ||||||
Property | 49.01 | Castlewood Townhome Apartments | 0.2% | |||||||||
Property | 49.02 | Glenwood Apartments | 0.1% |
A-1-22
COMM 2014-UBS3
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | Existing | Existing | Future Debt | |||||||||
Property | Initial Pool | Additional Debt | Additional Debt | Permitted | ||||||||
Flag | ID | Property Name | Balance | Amount | Description | Type | ||||||
Loan | 1 | Bronx Terminal Market(27)(29)(30) | 9.9% | 275,000,000 | Pari Passu Debt | Mezzanine | ||||||
Loan | 2 | State Farm Portfolio(27)(28) | 9.5% | 369,500,000 | $283.5 Million Pari Passu Debt; $86.0 Million Mezzanine Debt | NAP | ||||||
Property | 2.01 | Charlottesville State Farm Office | 1.3% | |||||||||
Property | 2.02 | Murfreesboro State Farm Office | 1.1% | |||||||||
Property | 2.03 | Ballston Spa State Farm Office | 1.0% | |||||||||
Property | 2.04 | Birmingham State Farm Office | 0.9% | |||||||||
Property | 2.05 | Tulsa State Farm Office | 0.8% | |||||||||
Property | 2.06 | Columbia State Farm Office | 0.8% | |||||||||
Property | 2.07 | Jacksonville State Farm Office | 0.8% | |||||||||
Property | 2.08 | Lincoln North State Farm Office | 0.6% | |||||||||
Property | 2.09 | Greeley Central State Farm Office | 0.5% | |||||||||
Property | 2.10 | New Albany State Farm Office | 0.5% | |||||||||
Property | 2.11 | Lincoln South State Farm Office | 0.3% | |||||||||
Property | 2.12 | Greeley South State Farm Office | 0.3% | |||||||||
Property | 2.13 | Kalamazoo State Farm Office | 0.2% | |||||||||
Property | 2.14 | Greeley North State Farm Office | 0.2% | |||||||||
Loan | 3 | Equitable Plaza | 9.0% | None | NAP | |||||||
Loan | 4 | Southfield Town Center(27) | 7.6% | 62,000,000 | Pari Passu Debt | NAP | ||||||
Loan | 5 | Sixty LES | 5.9% | None | NAP | |||||||
Loan | 6 | 1100 Superior Avenue(29) | 5.0% | None | Mezzanine | |||||||
Loan | 7 | Solo Cup | 4.5% | None | NAP | |||||||
Loan | 8 | Hilton Charlotte University Place | 4.3% | None | NAP | |||||||
Loan | 9 | Sunrise Hospitality Portfolio | 3.2% | None | NAP | |||||||
Property | 9.01 | Holiday Inn Express & Suites - West Monroe | 1.1% | |||||||||
Property | 9.02 | Holiday Inn Express & Suites - Shreveport South Park Plaza | 0.8% | |||||||||
Property | 9.03 | Holiday Inn Express & Suites - Bossier City Race Track | 0.5% | |||||||||
Property | 9.04 | Hampton Inn & Suites - Bossier City | 0.5% | |||||||||
Property | 9.05 | Holiday Inn Express & Suites - Shreveport Airport | 0.3% | |||||||||
Loan | 10 | Village Square and Deerpath Court | 2.9% | None | NAP | |||||||
Property | 10.01 | Village Square | 1.8% | |||||||||
Property | 10.02 | Deerpath Court | 1.1% | |||||||||
Loan | 11 | Newport Commons(31) | 2.7% | 2,000,000 | Preferred Equity | NAP | ||||||
Loan | 12 | Preserve at Grande Oaks | 2.6% | None | NAP | |||||||
Loan | 13 | Pine Haven RV Park | 2.4% | None | NAP | |||||||
Loan | 14 | Westgate Plaza | 2.4% | None | NAP | |||||||
Loan | 15 | Enclave at Prestonwood | 2.2% | None | NAP | |||||||
Loan | 16 | Capstar Plaza | 2.2% | None | NAP | |||||||
Loan | 17 | Florida Multifamily Portfolio | 2.0% | None | NAP | |||||||
Property | 17.01 | Shadowood Apartments | 0.5% | |||||||||
Property | 17.02 | University Square Apartments | 0.4% | |||||||||
Property | 17.03 | Terrace Trace Apartments | 0.4% | |||||||||
Property | 17.04 | Hidden Acres Apartments | 0.4% | |||||||||
Property | 17.05 | Pinellas Pines Apartments | 0.3% | |||||||||
Loan | 18 | North Penn Business Park | 2.0% | None | NAP | |||||||
Loan | 19 | Cincinnati Multifamily Portfolio | 1.4% | None | NAP | |||||||
Property | 19.01 | Alms Hills | 0.4% | |||||||||
Property | 19.02 | Reids Valley | 0.4% | |||||||||
Property | 19.03 | Shelton Gardens | 0.3% | |||||||||
Property | 19.04 | Lima Club | 0.2% | |||||||||
Loan | 20 | Rochester Gas & Electric | 1.2% | None | NAP | |||||||
Loan | 21 | Holiday Inn Express & Suites Santa Cruz(29) | 1.2% | None | Mezzanine | |||||||
Loan | 22 | 3350 George Washington Way | 1.1% | None | NAP | |||||||
Loan | 23 | Drummer Boy RV Park | 1.1% | None | NAP | |||||||
Loan | 24 | Aspen Woods Apartments | 0.9% | None | NAP | |||||||
Loan | 25 | Cypress Courtyard | 0.9% | None | NAP | |||||||
Loan | 26 | Chatham Grove Apartments | 0.8% | None | NAP | |||||||
Loan | 27 | Hilltop Shopping Center | 0.8% | None | NAP | |||||||
Loan | 28 | Courtyard by Marriott - Hartford Manchester(29) | 0.7% | None | Mezzanine | |||||||
Loan | 29 | Academy Sports | 0.6% | None | Guarantor Loans | |||||||
Loan | 30 | Phoenix Point Townhomes(29) | 0.6% | None | Mezzanine |
A-1-23
COMM 2014-UBS3
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | Existing | Existing | Future Debt | |||||||||
Property | Initial Pool | Additional Debt | Additional Debt | Permitted | ||||||||
Flag | ID | Property Name | Balance | Amount | Description | Type | ||||||
Loan | 31 | Kona and Kailua Self Storage Portfolio | 0.5% | None | NAP | |||||||
Property | 31.01 | Kailua Self Storage | 0.4% | |||||||||
Property | 31.02 | Kona Self Storage | 0.2% | |||||||||
Loan | 32 | Woodbridge Apartments | 0.5% | None | NAP | |||||||
Loan | 33 | Dollar General Portfolio | 0.5% | None | NAP | |||||||
Property | 33.01 | Dollar General - Punta Gorda | 0.1% | |||||||||
Property | 33.02 | Dollar General - Cape Coral | 0.1% | |||||||||
Property | 33.03 | Dollar General - Davenport | 0.1% | |||||||||
Property | 33.04 | Dollar General - Winter Haven | 0.1% | |||||||||
Loan | 34 | Walgreens, CVS, O’Reilly Auto Portfolio | 0.5% | None | Guarantor Loans | |||||||
Property | 34.01 | Walgreens - Trenton, OH | 0.2% | |||||||||
Property | 34.02 | CVS - Port St. Joe, FL | 0.2% | |||||||||
Property | 34.03 | O’Reilly Auto - Kokomo, IN | 0.1% | |||||||||
Loan | 35 | Fairfield Inn & Suites by Marriott | 0.5% | None | NAP | |||||||
Loan | 36 | Walnut Ranch Apartments | 0.5% | None | NAP | |||||||
Loan | 37 | Cholla Ranch Apartments | 0.5% | None | NAP | |||||||
Loan | 38 | Casa Maribela | 0.5% | None | NAP | |||||||
Loan | 39 | Radcliff Square Shopping Center | 0.5% | None | NAP | |||||||
Loan | 40 | Prospect West | 0.5% | None | NAP | |||||||
Loan | 41 | Downers Grove Industrial | 0.5% | None | NAP | |||||||
Loan | 42 | Country Market | 0.5% | None | NAP | |||||||
Loan | 43 | Addison Place | 0.4% | None | NAP | |||||||
Loan | 44 | Baymeadows | 0.4% | None | NAP | |||||||
Loan | 45 | Executive Center IV | 0.4% | None | NAP | |||||||
Loan | 46 | La Quinta - Savannah Airport | 0.4% | None | NAP | |||||||
Loan | 47 | Holiday Inn Staunton Conference Center | 0.4% | None | NAP | |||||||
Loan | 48 | Shoppes at Carol Stream | 0.4% | None | NAP | |||||||
Loan | 49 | Coral Springs Apartment Portfolio | 0.3% | None | NAP | |||||||
Property | 49.01 | Castlewood Townhome Apartments | 0.2% | |||||||||
Property | 49.02 | Glenwood Apartments | 0.1% |
A-1-24
COMM 2014-UBS3
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; Natixis—Natixis Real Estate Capital LLC or one of its affiliates; KeyBank—KeyBank National Association 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; Natixis—Natixis Real Estate Capital LLC or one of its affiliates; KeyBank—KeyBank National Association or one of its affiliates. |
(3) | Loan No. 1 - Bronx Terminal Market - The Original and Cut-off Date Balance of $105.0 million represents the non-controlling Note A-3 ($80,000,000) and Note A-5-1 ($25,000,000) of a $380.0 million whole loan evidenced by seven pari passu notes. The pari passu companion loans are the controlling Note A-1 and Note A-2 in the aggregate original principal balance of $140.0 million, the non-controlling Note A-4 in the original principal balance of $40.0 million, the non-controlling Note A-5-2 in the original principal balance of $55.0 million and the non-controlling Note A-6 in the original principal balance of $40.0 million. The controlling Note A-1 and Note A-2 are included in the COMM 2014-CCRE17 mortgage trust. The Notes A-5-2 may be further divided and is expected to be held by GACC or an affiliate on the closing date. Each of the Notes A-4 and A-6 may be further divided and are expected to be held by CCRE or an affiliate on the closing date. |
Loan No. 2 –State Farm Portfolio - The Original Balance and Cut-off Date Balance of $100.0 million represents the non-controlling Note A-2 of a $383.5 million whole loan evidenced by four pari passu notes. The pari passu companion loans are the controlling Note A-1 in the original principal balance of $135.0 million, the non-controlling Note A-3 in the original principal balance of $48.5 million and the non-controlling Note A-4 in the original principal balance of $100.0 million. Each of the Notes A-1 and A-3 may be further divided and are expected to be held by UBSRES or an affiliate on the closing date. The Note A-4 may be further divided and is expected to be held by MSMCH or an affiliate on the closing date. | |
Loan No. 4 – Southfield Town Center - The Original Balance and Cut-off Date Balance of $80.0 million represents the controlling Note A-1 of a $142.0 million whole loan evidenced by two pari passu notes. The pari passu companion loan is the non-controlling Note A-2 in the original principal balance of $62.0 million, which may be further divided and 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, the amounts listed under the headings “Original Balance” and “Cut-off Date Balance” reflect the Allocated Loan Amount related to such Mortgaged Property. |
(5) | Loan No. 11 – Newport Commons - The Net Rentable Area and Occupancy for the Newport Commons Mortgaged Property do not include five commercial units. Rent associated with these commercial units accounts for approximately 3.3% of in place rents. Additionally, approximately 10.0% of the units are rented by students. |
Loan No. 19 – Cincinnati Multifamily Portfolio - Each of the Cincinnati Multifamily Portfolio Mortgaged Properties is subject to 20-year Housing Assistance Payment (“HAP”) Contracts. Under the HAP Contracts, the HAP program provides payments directly on behalf of qualified tenants (currently averaging 80% to 90% of the total rent) while the tenant pays the difference. | |
(6) | Loan No. 2 – State Farm Portfolio – The State Farm Portfolio Mortgage Loan has an ARD feature with an anticipated repayment date of April 6, 2024, when the interest rate will increase from the initial rate of 4.6266% to (i) from April 11, 2024, the first day of the interest period immediately following the anticipated repayment date, through April 10, 2026, the greater of (A) the five-year treasury note rate in effect on the anticipated repayment date plus 3.50% and (B) 7.6266%; and (ii) from April 11, 2026 through April 10, 2029, the last day of the interest period relating to the final maturity date of April 6, 2029, the greater of (A) the five-year treasury note rate in effect on the second anniversary of the anticipated repayment date plus 4.50% and (B) 8.6266%. |
Loan No. 16 – Capstar Plaza – The Capstar Plaza Mortgage Loan has an ARD feature with an anticipated repayment date of April 5, 2024, with a revised interest rate for the period from the anticipated repayment date through the final maturity date of April 5, 2044 of 4.0000% plus the greater of (i) the then current 10-year swap yield and (ii) the initial interest rate. | |
Loan No. 19 – Cincinnati Multifamily Portfolio – The Cincinnati Multifamily Portfolio Mortgage Loan has an ARD feature with an anticipated repayment date of April 6, 2024, with a revised interest rate for the period from the anticipated repayment date through April 6, 2034 equal to the greater of (i) 8.4300% and (ii) the sum of (A) 3.000%, (B) 2.500% and (C) the mid-market 10-year swap spread as of the anticipated repayment date. | |
Loan No. 20 – Rochester Gas & Electric – The Rochester Gas & Electric Mortgage Loan has an ARD feature with an anticipated repayment date of May 5, 2024, with a revised interest rate for the period from the anticipated repayment date through the final maturity date of May 5, 2025 of 4.0000% plus the greater of (i) the then current 10-year swap yield and (ii) the initial interest rate. | |
Loan No. 29 – Academy Sports – The Academy Sports Mortgage Loan has an ARD feature with an anticipated repayment date of May 1, 2024, with a revised interest rate for the period from the anticipated repayment date through the final maturity date of May 1, 2029 of the sum of 2.5000% plus the greater of (i) 4.6800% or (ii) the 10-year swap yield as of the first business day after May 1, 2024; provided that the interest rate shall not exceed 8.6800%. | |
Loan No. 34 – Walgreens, CVS, O’Reilly Auto Portfolio – The Walgreens, CVS, O’Reilly Auto Portfolio Mortgage Loan has an ARD feature with an anticipated repayment date of May 1, 2024, with a revised interest rate for the period from the anticipated repayment date through the final maturity date of May 1, 2029 of the sum of 2.5000% plus the greater of (i) 4.5500% or (ii) the 10-year swap yield as of the first business day after May 1, 2024; provided that the interest rate shall not exceed 8.5500%. | |
(7) | The Administrative Fee Rate includes the respective per annum rates applicable to the calculation of the servicing fee, sub-servicing fee, trustee/certificate administrator fee, operating advisor fee and CREFC® license fee with respect to each Mortgage Loan. For purposes of this Annex A-1, the definition of Administrative Fee Rate as it related to any Non-Serviced Mortgage Loan includes the related Pari Passu Loan Primary Servicing Fee Rate which includes the “primary servicing fee rate” (as defined or set forth in the applicable pooling and servicing agreement) and any other related servicing fee rate (other than those payable to the applicable special servicer) applicable to such Non-Serviced Mortgage Loan that constitutes a portion of the “servicing fee rate” applicable to the other master servicer under the applicable other pooling and servicing agreement. The Pari Passu Loan Primary Servicing Fee Rate for (A) the Bronx Terminal Market Mortgage Loan will be 0.0050% and (B) the State Farm Portfolio Mortgage Loan will be such amount as will be set forth in the related pooling and servicing agreement on and after the State Farm Portfolio Note A-1 Securitization Date. |
(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. |
A-1-25
(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. |
Loan No. 19 – Cincinnati Multifamily Portfolio – The Cincinnati Multifamily Portfolio Mortgage Loan is structured with a soft lockbox with respect to rents paid by the tenants and a hard lockbox with respect to HAP payments. | |
Loan No. 28 – Courtyard by Marriott – Hartford Manchester – The Courtyard by Marriott – Hartford Manchester mortgage loan has a soft lockbox. All funds received from the property manager after the payment by property manager of all operating expenses, including, without limitation, management fees, working capital reserves and other amounts payable pursuant to the management agreement are deposited on each monthly payment date into the cash management account. | |
(10) | “In Place” means, with respect to Cash Management, that related property cash flows go through a waterfall of required reserves 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 - Bronx Terminal Market - The Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area are calculated based on the mortgage loan included in the Issuing Entity and the related pari passu companion loans in aggregate. |
Loan No. 2 – State Farm Portfolio - The Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area are calculated based on the mortgage loan included in the Issuing Entity and the related pari passu companion loans in aggregate. | |
Loan No. 4– Southfield Town Center - The Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area are calculated based on the mortgage loan included in the Issuing Entity and the related pari passu companion loan in aggregate. The Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD are calculated net of the $12,600,000 upfront TI/LC reserve and the $9,400,000 upfront replacement reserve. | |
Loan No. 45 – Executive Center IV – The Cut-Off Date LTV Ratio, Underwritten NOI Debt Yield and Underwritten NCF Debt Yield are calculated using the Cut-off Date Balance net of the Earnout Reserve of $575,000. | |
(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 or anticipated repayment date payment. 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. |
(13) | Loan No. 15 - Enclave at Prestonwood - Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD are based on the “As Stabilized” Appraised Value of $32.0 million, which assumes the completion of planned renovations at the property and maintaining occupancy of 95% and rents of $793 per unit on a weighted average basis. The Enclave at Prestonwood Mortgaged Property was 92.7% occupied as of April 8, 2014 and had in place rents of $752 per unit on a weighted average basis. At closing, the borrower reserved $1,500,330 for remaining renovations at the property, which are expected to be completed within the next year. |
Loan No. 27 – Hilltop Shopping Center – Cut-Off Date LTV Ratio, LTV Ratio at Maturity or ARD and Appraised Value are based on the “As-Hypothetical” appraised value as of January 1, 2014, of $10,980,000 which assumes that existing leases have commenced and no TI, LC or free rent are outstanding. Natixis reserved $362,733 upfront to complete the construction of the Party City premise, $162,881 upfront to cover the free rent and the free rent recoveries, and $295,416 for outstanding TIs and LCs. | |
(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. | |
“YM1(x)” means may be prepaid for x payments with payment of the greater of a yield maintenance charge and 1% of the amount prepaid. | |
“O(x)” means freely prepayable for x payments, including the maturity date or anticipated repayment date. | |
Certain of the Mortgage Loans permit the release of a portion of a Mortgaged Property (or an individual Mortgaged Property, in connection with the Mortgage Loan secured by a portfolio of Mortgaged Properties) and certain of the Mortgage Loans permit the substitution of another property or addition of new collateral, in each case under various circumstances. In some cases, this will result in a partial prepayment during what would otherwise be a lockout period. 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 - Bronx Terminal Market - The lockout period will be at least 25 payment dates beginning with and including the first payment date of June 6, 2014. Defeasance of the full $380.0 million Bronx Terminal Market 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 companion loan to be securitized and (ii) April 15, 2017. For the purposes of this free writing prospectus, the assumed lockout period of 25 months is based on the expected COMM 2014-UBS3 securitization closing date in June 2014. The actual lockout period may be longer. | |
Loan No. 1 - Bronx Terminal Market - On any date after April 15, 2016, so long as no trigger period is then continuing, the borrower may obtain the release of the release parcel, provided certain conditions in the loan documents are met. | |
Loan No. 2 – State Farm Portfolio – The lockout period will be at least 26 payment dates beginning with and including the first payment date of May 6, 2014. Prepayment of the State Farm Portfolio Loan Combination is permitted on or after the date that is the earlier to occur of (i) two years after the closing date of the securitization that includes the last pari passu note to be securitized, and (ii) May 6, 2018. For the purposes of this free writing prospectus, the assumed lockout period of 26 months is based on the expected COMM 2014-UBS3 securitization closing date in June 2014. The actual lockout period may be longer. |
A-1-26
Loan No. 2 – State Farm Portfolio – The borrower may obtain the release of any individual Mortgaged Property by defeasing a portion of the Mortgage Loan. The releases are capped at 25% of the original principal amount of the Mortgage Loan. The borrower will be required to defease an amount equal to 110.0% of the original allocated loan amount for the individual Mortgaged Property that the borrower chooses to release, except for the Greeley North State Farm Office property, which may be released by defeasing 100.0% of the related original allocated loan amount. In connection with the release of the Greeley North State Farm Office property, the borrower has the right at any time on or after the Greeley North State Farm lease termination date to voluntarily obtain a release by making a partial prepayment of the Mortgage Loan, without yield maintenance or defeasance, in an amount equal to 100.0% of the original allocated loan amount for such individual Mortgaged Property. In addition, if the entire whole loan (including the related pari passu companion loans) has not been securitized by May 6, 2018, the borrower will have the right to obtain the release of any individual Mortgaged Property by prepaying a portion of the Mortgage Loan in an amount equal to 110.0% of the original allocated loan amount for such individual Mortgaged Property, with the exception of the Greeley North State Farm Office property, which may be released at 100.0% of the related original allocated loan amount. The State Farm Portfolio property releases are subject to restrictions and maintenance of certain DSCR, debt yield, and LTV metrics. | |
Loan No. 4 – Southfield Town Center - The lockout period will be at least 25 payment dates beginning with and including the first payment date of June 6, 2014. Defeasance of the full $142.0 million Southfield Town Center 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 companion loan to be securitized and (ii) May 2, 2017. For the purposes of this free writing prospectus, the assumed lockout period of 25 months is based on the expected COMM 2014-UBS3 securitization closing date in June 2014. The actual lockout period may be longer. | |
Loan No. 8 – Hilton Charlotte University Place - The borrower may obtain the release of an approximately 0.22 acre non-income producing parcel of vacant land at the Hilton Charlotte University Place Mortgaged Property (as identified in the loan documents) subject to terms and conditions set forth in the loan documents. | |
Loan No. 9 – Sunrise Hospitality Portfolio - The Mortgage Loan Seller may obtain the release of any Mortgaged Property subject to meeting prepayment terms and conditions. The release price is 105% of the allocated loan amount for the first release, 115% of the allocated loan amount for the second release, and 125% of the allocated loan amount in connection with any other release. | |
Loan No. 17 – Florida Multifamily Portfolio - After the expiration of the lockout period, the borrowers may obtain the release of one of the Florida Multifamily Portfolio Mortgaged Properties from the lien of the related mortgage upon a sale of such Florida Multifamily Portfolio Mortgaged Property, provided each of the following conditions are satisfied; (i) both immediately before such sale and immediately thereafter, no event of default shall be continuing, (ii) the LTV ratio for the remaining property shall be no more than 75%, (iii) the DSCR for the remaining property shall be no less than 1.40x and (iv) the borrower shall defease an amount of principal equal to 125% of the allocated Florida Multifamily Portfolio Mortgage Loan amount. | |
Loan No. 18 – North Penn Business Park – The borrower has the right to partially defease the loan without a release of property. | |
Loan No. 19 – Cincinnati Multifamily Portfolio - After securitization, the borrowers may obtain the free release of a portion of the Alms Hills Mortgaged Property subject to terms and conditions set forth in the Cincinnati Multifamily Portfolio Mortgage Loan documents. | |
Loan No. 33 – Dollar General 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 no less than the greater of (a) 125.0% of the allocated loan amount and (b) 80.0% of the net sale proceeds of the applicable individual property, (ii) the DSCR after release based upon the trailing 12 month period is no less than the greater of (a) the DSCR immediately prior to release and (b) 1.30x, and (iii) the LTV ratio after release is no greater than the lesser of (a) the LTV ratio immediately prior to release and (b) 70.0%. | |
Loan No. 34 – Walgreens, CVS, O’Reilly Auto Portfolio – Borrower shall be permitted to release one or more properties on any date after the lockout period ends, provided the borrower (i) partially prepays the loan in an amount equal to or greater than 120.0% of the release amount for such property, (ii) the DSCR after release based upon the trailing 12 month period is no less than the greater of (a) the DSCR immediately prior to release and (b) the DSCR as of the closing date, and (iii) the LTV ratio after release is no greater than the lesser of (a) the LTV ratio immediately prior to release and (b) the LTV ratio as of the closing date. | |
(15) | Loan No. 13 – Pine Haven RV Park – The Mortgaged Property is subject to a deed restriction that was included in a 1966 deed that runs with the land and that impacts approximately 12 acres of the related Mortgaged Property. The deed restriction prohibits the sale, use, storage or consumption of intoxicating liquors and alcoholic beverages of every nature in, on or upon the Mortgaged Property described in the deed and a violation will work a forfeiture of title. The title policy insures against loss or damage as a result of a final non appealable judgment entered by a court of competent jurisdiction which determines that the personal use or consumption of alcohol on the insured land violates the restrictions and results in a forfeiture of title. The affirmative insurance also provides against loss or damage by reason of unmarketability of title. |
Loan No. 16 – Capstar Plaza – The collateral for the Capstar Plaza Mortgage Loan consists of the borrower’s fee simple interest in the Capstar Plaza Mortgaged Property. Neither the tenant’s leasehold interest nor the improvements are part of the collateral. | |
Loan No. 25 – Cypress Courtyard – The Mortgaged Property is structured with a 50-year ground lease between the fee owner and the ground lessee thereunder who is landlord under the individual tenant leases at the Mortgaged Property. The ground lessee, Cypress Courtyard II, LLC, is an affiliate of the borrower. The ground lease is a net lease pursuant to which the ground lessee pays to the fee owner ground rent in an annual amount equal to $100.00. The ground lessee is the Borrower under the mortgage loan and is a properly structured special purpose entity. The fee owner executed an accommodation mortgage and, therefore, each of the fee owner and the ground lessee 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. 1 - Bronx Terminal Market - The Bronx Terminal Market Mortgaged Property is subject to a ground lease with an expiration date of September 13, 2055 with five consecutive 10-year extension options. Ground rent due under the lease is calculated as the greater of (a) $341,183 per year, with 5.0% increases every five years beginning in August 2014, and (b) 2.0% of gross revenue from the Bronx Terminal Market Mortgaged Property, which increases to 3.0% in August 2014, 4.0% in August 2019 and 5.0% in August 2024. In addition, pursuant to the terms of the ground lease, in the event of certain sales or financings of the Bronx Terminal Market Mortgaged Property, the ground lessor is entitled to share in a portion of the net proceeds of such sale or financing in an amount equal to 7.5% of such net proceeds (if on or prior to the expiration of the initial term of the ground lease) or 15.0% of such net proceeds (if after the expiration of the initial term of the ground lease). | |
Loan No. 22 – 3350 George Washington Way – The 3350 George Washington Way Mortgaged Property is subject to a ground lease with the Port of Benton, a municipal corporation of the State of Washington. The lease, which commenced on April 7th, 1995, initially terminates on April 6, 2045, with one 25-year extension option, extending to April 7, 2070. The rent payments are $5,961.26 per month plus 1/12th of the leasehold tax payable (leasehold tax equals 12.84% of the annual ground rent under the ground lease). The rent payments increase every 3 years based on the fair market value of the land (not including any 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. 48 – Shoppes at Carol Stream – The Largest Tenant, Retro Fitness, which is an affiliate of the borrower, leases 49.6% of the net rentable area at the Mortgaged Property. |
A-1-27
(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 or tenants representing a certain percentage of net rentable area 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 certain of those tenants listed in Annex A-1: |
Loan No. 1 - Bronx Terminal Market - The 4th Largest Tenant, Toys ‘R’ Us / Babies ‘R’ Us, has the option to terminate its lease effective May 1, 2016 and on each year thereafter through April 30, 2019 if its gross sales do not exceed $14.0 million for the preceding 12 month period, provided such termination notice may not be given later than 120 days after the expiration of the 12 month period. | |
Loan No. 3 – Equitable Plaza – The Largest Tenant, County of Los Angeles, has the option to terminate its lease with 120 days prior notice or with at least 15 days prior notice if the Equitable Plaza Mortgaged Property fails to meet the parking requirement at any time. The 2nd Largest Tenant, State of California, has the option to terminate its lease with 30 days prior notice. | |
Loan No. 4 – Southfield Town Center - The 4th Largest Tenant, Global Hue, has the option to terminate its lease with at least 12 months prior notice and payment of a termination fee equal to the six months of base rent that would have been due immediately following the early termination date plus unamortized leasing costs. | |
Loan No. 6 – 1100 Superior Avenue – The Largest Tenant, The James B. Oswald Company, has a one-time right to terminate the lease effective as of February 28, 2021, with at least 12 months’ notice and payment of a termination fee in the amount of $3,013,011.54. The 2nd Largest Tenant, Javitch, Block & Rathbone, has the right to reduce its leased premises by up to 10,000 rentable square feet at the end of the 95th month of the lease term with at least 12 months’ notice and the payment of a reduction fee equal to the sum of (a) 3 months base and additional rent for the contraction premises, and (b) the unamortized costs incurred by the borrower in the leasing of the contraction premises to Javitch, Block & Rothbone LLP (including broker’s commissions, the improvement allowance, free rent or rent abatement). The 4th Largest Tenant, Brandmuscle, Inc., has a one-time right to terminate its lease effective as of May 31, 2020 with nine months’ notice and a termination fee of $1,407,257.76. Brandmuscle, Inc. also has the right to reduce the leased premises as follows: (i) by 15% effective as of August 31, 2016, upon no less than six months’ notice and upon payment of a reduction fee in the amount of $346,375, as well as other conditions set forth in the lease, or (ii) if Brandmuscle, Inc. does not exercise the first reduction option, by 15% effective as of August 31, 2019, upon no less than six months’ notice and upon payment of a reduction fee in the amount of $222,140, as well as other conditions set forth in the lease. | |
Loan No. 18 – North Penn Business Park – The 5th Largest Tenant at the North Penn Business Park Mortgaged Property, Uti, may terminate the lease with 60 days written notice upon payment of a termination fee equal to the unamortized portion of commissions. | |
Loan No. 27 – Hilltop Shopping Center – The 2nd Largest Tenant, Party City may terminate the lease if (i) the date of delivery of its leased space does not occur by May 31, 2014, (ii) the co-tenancy condition is unsatisfied for 12 consecutive months, (iii) the tenant’s annual gross sales do not equal or exceed $1,550,000 during the fifth lease year (subject to six months prior written notice given to the landlord within 60 days following the fifth lease year and paying the landlord a $50,000 fee), (iv) the tenant is unable to obtain approval of its sign program, window covering program and storefront façade by the city on or before the 60th day from the date of the lease, (v) any tenant engages in the tenant’s exclusive use, and (vi) the landlord’s failure to timely complete landlord’s work. | |
Loan No. 34 – Walgreens, CVS, O’Reilly Auto Portfolio – The Walgreens – Trenton, OH single tenant, Walgreens, has the right to terminate its lease effective January 31, 2033 with six months prior notice. | |
Loan No. 39 – Radcliff Square Shopping Center – The Largest Tenant, Ollies Discount has a one-time option to terminate the lease within 90 days after the commencement of 6th lease year, in the event that the tenant’s gross sales for the preceding 12 month period are not equal to or greater than $3,500,000. In the event that the current government contract is terminated, cancelled or not renewed; the 3rd Largest Tenant, Lockheed Martin, may terminate the lease within 60 days written notice upon the payment of a termination fee equal to the sum of the unamortized improvements and the brokerage commission. | |
Loan No. 40 – Prospect West – The single tenant, Barco, Inc. has a one-time right to terminate its lease effective the 88th full month of the initial term and within 120 days thereafter with 6 months prior notice, subject to a termination fee equal to the unamortized costs, including all expansion space subsequently leased, all brokerage commissions paid or incurred, and costs of the TI and exterior improvements, including architectural fees incurred by the Landlord, plus interest on the cumulative sum of such unamortized costs and three months rent. | |
(19) | There may be tenants shown in the Annex A-1 have signed leases but may or may not be open for business as of the cutoff date of the securitization: |
Loan No. 10 – Village Square and Deerpath Court – The 4th Largest Tenant at Village Square, Sports Authority, has signed a lease for 13,000 sq. ft., took possession of such space February 1, 2014, and is anticipated to commence paying rent on May 17, 2014 when the tenant is scheduled to open for business. The tenant has total responsibility for the construction of its build-out, which is currently in process. | |
Loan No. 27 – Hilltop Shopping Center – The 2nd Largest Tenant, Party City has signed a lease for 10,305 sq. ft. The tenant is expected to open for business on June 24, 2014. | |
(20) | The following major tenants (listed on Annex A-1) are currently in a rent abatement or free rent period (or have a scheduled rent abatement or free rent period in the future): |
Loan No. 3 – Equitable Plaza - The 4th Largest Tenant, Commonwealth Business Bank, has free rent under its lease through November 2014. At closing, the borrower reserved $738,808 related to this free rent. Additionally, the borrower reserved $525,380 related to free rent amounts for tenants not listed on Annex A-1. | |
Loan No. 4 – Southfield Town Center - The 2nd Largest Tenant, AlixPartners, has free rent and operating expense abatement under its lease from January 1, 2015 through March 31, 2015. At closing, the borrowers reserved $35,998 related to this free rent and operating expense abatement. The 3rd Largest Tenant, Brooks & Kushman, has free rent and operating expense abatement under its lease from January 1, 2015 through March 31, 2015 and from January 1, 2016 through March 31, 2016. At closing, the borrowers reserved $516,613 related to this free rent and operating expense abatement. Additionally, the borrowers reserved $2,116,328 related to free rent amounts for tenants not listed on Annex A-1. | |
(21) | Loan No. 1 - Bronx Terminal Market - Occupancy includes Michaels, which leases 23,204 sq. ft. (2.5% of the net rentable area) and is currently dark but paying full contractual rent, and CUNY Hostos, which recently executed leases for 18,276 sq. ft. (2.0% of the net rentable area) of expansion space but is not yet paying rent or in occupancy of the expansion space. |
(22) | All upfront reserve balances reflect the upfront reserve amount at loan origination. The current balance may be less than the amount shown. |
A-1-28
Loan No. 12 – Preserve at Grande Oaks – The Preserve at Grande Oaks Mortgage Loan is structured with a $200,000 holdback reserve. All or a portion of the funds in the holdback reserve will be released to the borrower after November 1, 2014 upon the following conditions being satisfied: (i) the debt yield on the loan (based on T-3 rents), is equal to or greater than 8.25% and (ii) the DSCR on the loan (based on T-3 rents) is equal to or greater than 1.25x. After November 6, 2016, if any funds remain undisbursed, the remaining funds will released into to the replacement reserve account. | |
Loan No. 45 – Executive Center IV – The Mortgage Loan is structured with a $575,000 holdback to be released upon achieving a 9.5% debt yield on net cash flow for two consecutive quarters. | |
(23) | 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. 3 – Equitable Plaza - Monthly deposits into the TI/LC reserve account are currently $117,584 and are initially subject to a cap of $2.0 million (exclusive of upfront deposits for free rent and scheduled TI/LC expenses). Once this initial $2.0 million cap is reached, monthly TI/LC deposits will be $75,204, provided such monthly deposit will only be required (1) from May 7, 2015 through December 6, 2015 if the funds on deposit are less than $1,800,000 (exclusive of upfront deposits for free rent and scheduled TI/LC expenses) and (2) from and after January 6, 2016 if the funds on deposit are less than $1,500,000 (exclusive of upfront deposits for free rent and scheduled TI/LC expenses). | |
Loan No. 4 – Southfield Town Center - Monthly deposits into the replacement reserve account are currently $44,841 and are initially subject to a cap of $1.625 million (excluding the upfront replacement reserve deposit). From and after the date on which amounts on deposit in the replacement reserve account equal or exceed $1.625 million, the cap will be reduced to $540,000 (excluding the upfront replacement reserve deposit). Monthly deposits into the TI/LC reserve account are currently $179,362 and are initially subject to a cap of $7.5 million (excluding the upfront TI/LC reserve deposit). From and after the date on which amounts on deposit in the TI/LC reserve account equal or exceed $7.5 million, the cap will be reduced to $2.0 million (excluding the upfront TI/LC reserve deposit). | |
Loan No. 5 – Sixty LES – On a monthly basis, with the exceptions of January and August, the borrower is required to deposit (i) 1/10 of 2.0% of prior year’s rents into an FF&E reserve account for years 1 and 2, (ii) 1/10 of 3.0% of prior year’s rents into an FF&E reserve account for year 3 and (iii) 1/10 of 4.0% of prior year’s rents into an FF&E reserve account thereafter. | |
Loan No. 8 – Hilton Charlotte University Place - On each monthly payment date from February through November, $25,000 into a seasonality reserve, subject to a cap of $225,000. | |
Loan No. 28 – Courtyard by Marriott – Hartford Manchester – The borrower will be required to deposit on a monthly basis the greater of (i) 5.0% of the second preceding month’s total gross income from operations and (ii) the Required PIP Monthly Deposit. | |
Loan No. 29 – Academy Sports – Upon the tenant’s notice that it will not be renewing or extending its lease or the tenant’s failure to provide notice that it is renewing or extending its lease six months prior to the lease expiration date, the borrower will be required to make monthly deposits of $119,878 into the TI/LC account or make a one-time cash deposit of $719,270 and make monthly deposits into the replacement reserve account of $899. | |
Loan No. 40 – Prospect West – All excess cash flow will be swept monthly into the TI/LC reserve upon (i) the date that is 12 months prior to the tenant’s termination option (November 1, 2019) and (ii) the occurrence of the date that is 18 months prior to maturity (December 1, 2022). | |
Loan No. 41 – Downers Grove Industrial – Upon a parent company, Silgan Holdings Inc., downgrade by Moody’s (long term rating) credit rating in which Silgan Holdings Inc. fails to maintain a credit rating of Ba1 or greater, if the credit rating is (i) B3 or greater, the TI/LC reserve will be capped at $500,000 or (ii) Caa or lower, or Silgan Holdings Inc. is no longer rated and has a net worth less than $500,000,000, the TI/LC Reserve will be capped at $750,000. Upon the occurrence the single tenant, Silgan White Cap, LLC vacates, abandons, or ceases doing business and Silgan Holdings Inc. has a Moody’s (long term rating) credit rating of (i) Ba3 or greater, or Silgan Holdings Inc. is no longer rated and has a net worth of equal to or greater than $500,000,000 the TI/LC reserve will be capped at $500,000 or (ii) B1 or lower, or Silgan Holdings Inc. is no longer rated and has a net worth less than $500,000,000, the TI/LC reserve will be capped at $750,000. There will be no TI/LC reserve cap if Silgan White Cap, LLC is in Bankruptcy. | |
(24) | 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. 3 – Equitable Plaza - If at any time the borrower or manager receives a lease termination notice from County of Los Angeles or State of California prior to the date that funds in the TI/LC reserve account first equal or exceed $2,000,000, then the borrower will be required to deposit cash or a letter of credit in an amount that would cause the balance of the TI/LC reserve to equal $2,000,000. | |
Loan No. 10 - Village Square and Deerpath Court - In lieu of collecting typical reserves related to taxes, insurance, tenant improvement and leasing commissions, and rollover reserves, the Guarantor guaranteed an amount equal to 10% of the loan amount. In addition, in lieu of collecting a deferred maintenance reserve, the Guarantor has executed a Completion Guaranty guaranteeing the Mortgagor’s satisfaction of certain deferred maintenance items within 12 months of the origination of the Mortgage Loan. During the term of the Village Square and Deerpath Court Loan, the Guarantor is required to maintain a minimum net worth of $15.0 million (excluding the value of the Village Square and Deerpath Court Properties) and a minimum liquidity of $1.0 million. | |
Loan No. 40 – Prospect West – In the event a cash sweep is triggered related to a pending maturity trigger event or pending termination trigger event, the mortgage loan documents permit, in lieu of the commencement of the excess cash sweep, to post a letter of credit in an amount equal to $873,000 or $699,000 respectively. On or prior to June 1, 2020, borrower may deposit a letter of credit in lieu of the roof replacement deposit amount into the roof replacement reserve account in an amount equal to the difference of $180,000 and the amount on deposit in the replacement reserve account. | |
(25) | With respect to the Mortgaged Properties identified below, the lender is insured under an environmental insurance policy obtained (i) in lieu of obtaining a Phase II Environmental Site Assessment, (ii) in lieu of providing an indemnity or guaranty from a sponsor or (iii) to address environmental conditions or concerns. For additional information, see “Risk Factors—Risks Related to the Mortgage Loans—Potential Issuing Entity Liability Related to a Materially Adverse Environmental Condition” in this Free Writing Prospectus. |
% of Initial | Policy | ||||||||||||
Mortgaged Property Cut-off | Outstanding | Maximum Policy | Premium Paid | Expiration | |||||||||
Loan No. | Mortgaged Property | Date Balance | Pool Balance | Amount | in Full | Date | |||||||
10.01 | Village Square(1) | $19,098,214 | 1.8% | $2,000,000 | Yes | 4/9/2024 | |||||||
10.01 | Village Square(1) | $19,098,214 | 1.8% | $2,000,000 | Yes | 4/9/2019 |
(1) The Village Square Mortgaged Property is covered by two separate environmental insurance policies: one for current conditions and one for potential future conditions. At closing, $13,352 was deposited into an environmental reserve account for the renewal of the environmental policy relating to new conditions upon the expiration of its initial five-year term. | |
(26) | Loan No. 4 - Southfield Town Center – The borrowers, SL Town Center Realty LLC, AM Southfield LLC, PL Southfield LLC, ROZ Southfield LLC and HJ Southfield LLC, are structured as tenants-in-common and are each a single purpose Delaware limited liability company structured to be bankruptcy-remote, with two independent directors in its organizational structure. Each tenant-in-common borrower has a respective guarantor limited to the bankruptcy of that borrower and transfers and partition by such borrower: Michael Silberberg, Alfons Melohn, Dennis Platt, Ronnie Roz and Harry Jacobowitz, respectively. Michael Silberberg is the guarantor with respect to the entire Southfield Town Center Loan Combination. |
A-1-29
Loan No. 16 – Capstar Plaza – 343 East 8th Street Associates Austin LLC, 159 Eluji Associates Austin LLC, Rusty Realty Associates Austin LLC, 195 Phesten Associates Austin LLC are structured as tenants-in-common and are each bankruptcy-remote single purpose Delaware limited liability companies, with one independent director in its organizational structure and each has waived its right to partition. | |
Loan No. 41– Downers Grove Industrial – The borrowers, JES White Cap DG, LLC and CFLP White Cap, LLC, are structured as tenants-in-common and are each a single purpose Delaware limited liability company. | |
(27) | Summary of Existing Pari Passu Debt |
Loan | |||||||||||||||
Mortgage Loan | Companion | Loan | Loan | Combination | Loan | ||||||||||
Loan | Cut-off Date | Loan Cut-off | Combination Cut- | Combination | Cut-off Date LTV | Combination U/W | |||||||||
No. | Mortgage Loan | Balance | Date Balance | off Date Balance | U/W NCF DSCR | Ratio | NOI Debt Yield | ||||||||
1 | Bronx Terminal Market | $105,000,000 | $275,000,000 | $380,000,000 | 1.70x | 63.3% | 8.0% | ||||||||
2 | State Farm Portfolio | $100,000,000 | $283,500,000 | $383,500,000 | 2.02x | 71.0% | 9.5% | ||||||||
4 | Southfield Town Center | $80,000,000 | $62,000,000 | $142,000,000 | 1.85x | 66.3%(1) | 12.5% |
(1) Loan Combination Cut-off Date LTV Ratio for the Southfield Town Center Mortgage Loan calculated net of the $12,600,000 upfront TI/LC reserve and the $9,400,000 upfront replacement reserve. | |
(28) | Mezzanine Loan Summary |
Total | |||||||||||||||||||||
Debt | Total | ||||||||||||||||||||
Annual | Mezzanine | Cut-off | Debt | Total | |||||||||||||||||
Mortgage Loan | % of Initial | Mezzanine | Interest Rate | Loan | Date | U/W | Debt U/W | ||||||||||||||
Loan | Cut-off Date | Outstanding | Debt Cut-off | on Mezzanine | Maturity | Intercreditor | LTV | NCF | NOI Debt | ||||||||||||
No. | Mortgage Loan | Balance | Pool Balance | Date Balance | Loan | Date | Agreement | Ratio | DSCR | Yield | |||||||||||
2 | State Farm Portfolio(1) | $100,000,000 | 9.5% | $86,000,000 | 7.0000% | 4/6/2015 | Yes | 86.9% | 1.51x | 7.8% |
(1) Mezzanine loan has an initial maturity date of April 6, 2015, a first extended maturity date of April 6, 2016, and a second extended maturity date of April 6, 2017 and requires payments of interest only at a rate of 7.0000% through the last day of the interest period relating to the initial maturity date, 8.0000% through the last day of the interest period relating to the first extended maturity date and 9.0000% thereafter. | |
(29) | Future Mezzanine Indebtedness Summary |
Mortgage Loan | % of Initial | Intercreditor | |||||||||||||
Loan | Cut-off Date | Outstanding | Agreement | Combined | Combined | ||||||||||
No. | Mortgage Loan | Balance | Pool Balance | Required | Minimum DSCR | Maximum LTV | Combined Debt Yield | ||||||||
1 | Bronx Terminal Market(1) | $105,000,000 | 9.9% | Yes | 1.30x | 65.0% | NAP | ||||||||
6 | 1100 Superior Avenue | $52,500,000 | 5.0% | Yes | 1.10x | 75.0% | NAP | ||||||||
21 | Holiday Inn Express & | $12,500,000 | 1.2% | Yes | 1.72x | 74.4% | NAP | ||||||||
Suites Santa Cruz | |||||||||||||||
28 | Courtyard by Marriott – Hartford | $6,892,650 | 0.7% | Yes | 1.10x | 80.0% | NAP | ||||||||
Manchester | |||||||||||||||
30 | Phoenix Point Townhomes | $5,843,412 | 0.6% | Yes | 1.60x | 74.0% | 10.0% |
(1) Mezzanine debt is permitted after April 15, 2017 provided (i) no more than one tranche of approved mezzanine loan is permitted at any time and (ii) the principal amount of the mezzanine loan cannot exceed $50,000,000.
(30) | Loan No. 1 - Bronx Terminal Market - Bronx Terminal Market Fund, LLC (the “Fund”), the owner of a 99.99% non-managing membership interest in RCDG Sub-CDE I, LLC (“RCDG Sub”), itself the owner of a 0.01% non-managing membership interest in the borrower, has pledged its interest in RCDG Sub as security for a $99.5 million loan (the “Fund Loan”) made by U.S. Bancorp Community Development Corporation for the purpose of preserving certain historic tax credits allocated in connection with the development of the Bronx Terminal Market Mortgaged Property. The documents evidencing the Fund Loan required RCDG Sub to deposit $99.5 million into a blocked account with an affiliate of the Fund Loan lender and provided that, on December 18, 2014, such amount will be released to RCDG Sub, used by RCDG Sub to make $99.5 million distribution to the Fund, and used by the Fund to repay the Fund Loan. |
(31) | Loan No. 11 – Newport Commons – Arbor Newport PE, LLC, a wholly-owned subsidiary of Arbor Realty Trust, Inc., provided $2.0 million of preferred equity financing that is coterminous with the Newport Commons Mortgage Loan. The preferred equity accrues interest at a rate of 14.0000%, payable monthly, and requires mandatory redemption based on a 30-year amortization schedule. In addition to scheduled amortization, the preferred equity holder is entitled to certain additional amortization from available excess cash flow during the first 24 months of the preferred equity term. The preferred equity holder and the lender entered into a recognition agreement which grants the preferred equity holder, among other things, limited notice and cure rights with respect to defaults. |
A-1-30