FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-193376-07 | ||
COMM 2014-CCRE18 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 entity and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the depositor or Deutsche Bank Securities Inc., any other underwriter, or any dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-503-4611 or by email to the following address: prospectus.cpdg@db.com. The offered certificates referred to in these materials, and the asset pool backing them, are subject to modification or revision (including the possibility that one or more classes of certificates may be split, combined or eliminated at any time prior to issuance or availability of a final prospectus) and are offered on a “when, as and if issued” basis. You understand that, when you are considering the purchase of these certificates, a contract of sale will come into being no sooner than the date on which the relevant class has been priced and we have verified the allocation of certificates to be made to you; any “indications of interest” expressed by you, and any “soft circles” generated by us, will not create binding contractual obligations for you or us. This free writing prospectus does not contain all information that is required to be included in the prospectus and the prospectus supplement. STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING ESTIMATES AND OTHER INFORMATION This material is for your information, and none of Deutsche Bank Securities Inc., Cantor Fitzgerald & Co., CastleOak Securities, L.P., Natixis Securities Americas LLC and KeyBanc Capital Markets Inc., or any other underwriter (the “Underwriters”) are soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. Neither this document nor anything contained herein shall form the basis for any contract or commitment whatsoever. The information contained herein is preliminary as of the date hereof. These materials are subject to change, completion or amendment from time to time. The information contained herein will be superseded by similar information delivered to you as part of the offering document relating to the Commercial Mortgage Pass-Through Certificates, Series COMM 2014-CCRE18 (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-CCRE18
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | Mortgage | Mortgage | Cut-off | General | Detailed | |||||||||||||||||
Property | Initial Pool | # of | Loan | Loan | Original | Date | Maturity | Property | Property | |||||||||||||
Flag | ID | Property Name | Balance | Properties | Originator (1)(2) | Seller (1)(2) | Balance($)(3)(4) | Balance($)(3)(4) | or ARD Balance($) | Type | Type | |||||||||||
Loan | 1 | Bronx Terminal Market(27)(31) | 13.5% | 1 | GACC/CCRE | GACC/CCRE | 135,000,000 | 135,000,000 | 135,000,000 | Retail | Anchored | |||||||||||
Loan | 2 | Pacific Design Center(27)(28) | 9.5% | 1 | LCF | LCF | 95,000,000 | 95,000,000 | 86,969,698 | Mixed Use | Design Center/Office | |||||||||||
Loan | 3 | Mellon Independence Center | 6.6% | 1 | Natixis | Natixis | 65,500,000 | 65,500,000 | 62,317,637 | Mixed Use | Office/Retail | |||||||||||
Loan | 4 | Southfield Town Center(27) | 6.2% | 1 | GACC | GACC | 62,000,000 | 62,000,000 | 54,586,428 | Office | Suburban | |||||||||||
Loan | 5 | City Place Midtown Apartments | 4.9% | 1 | CCRE | CCRE | 48,400,000 | 48,400,000 | 39,135,165 | Multifamily | Mid Rise | |||||||||||
Loan | 6 | Hampton Inn & Suites - Gulf Front | 3.6% | 1 | LCF | LCF | 36,000,000 | 36,000,000 | 29,898,160 | Hospitality | Limited Service | |||||||||||
Loan | 7 | UNH & UME Student Housing Portfolio(32) | 3.6% | 2 | CCRE | CCRE | 36,000,000 | 36,000,000 | 30,097,078 | Multifamily | Student Housing | |||||||||||
Property | 7.01 | UNH Student Housing Portfolio | 2.0% | 1 | CCRE | CCRE | 19,750,000 | 19,750,000 | Multifamily | Student Housing | ||||||||||||
Property | 7.02 | UME Student Housing Portfolio | 1.6% | 1 | CCRE | CCRE | 16,250,000 | 16,250,000 | Multifamily | Student Housing | ||||||||||||
Loan | 8 | 399 Thornall Street | 3.5% | 1 | GACC | GACC | 35,000,000 | 35,000,000 | 32,114,569 | Office | Suburban | |||||||||||
Loan | 9 | Midwest Portfolio | 3.1% | 4 | CCRE | CCRE | 30,500,000 | 30,500,000 | 24,936,524 | Multifamily | Garden | |||||||||||
Property | 9.01 | Garden Quarter | 1.1% | 1 | CCRE | CCRE | 11,332,233 | 11,332,233 | Multifamily | Garden | ||||||||||||
Property | 9.02 | Oxford Court Apartments | 0.8% | 1 | CCRE | CCRE | 7,542,617 | 7,542,617 | Multifamily | Garden | ||||||||||||
Property | 9.03 | Glacier Hills Apartments | 0.7% | 1 | CCRE | CCRE | 7,176,471 | 7,176,471 | Multifamily | Garden | ||||||||||||
Property | 9.04 | Barrington Bridge | 0.4% | 1 | CCRE | CCRE | 4,448,679 | 4,448,679 | Multifamily | Garden | ||||||||||||
Loan | 10 | Met Center 10 | 2.9% | 1 | GACC | GACC | 29,250,000 | 29,250,000 | 23,932,433 | Industrial | Flex | |||||||||||
Loan | 11 | Doubletree Modesto | 2.6% | 1 | CCRE | CCRE | 26,400,000 | 26,400,000 | 24,765,143 | Hospitality | Full Service | |||||||||||
Loan | 12 | Deerfield Park Plaza | 2.3% | 1 | CCRE | CCRE | 23,000,000 | 23,000,000 | 18,629,274 | Retail | Shadow Anchored | |||||||||||
Loan | 13 | Continental Automotive Systems | 2.1% | 1 | GACC | GACC | 21,000,000 | 21,000,000 | 17,148,947 | Industrial | Manufacturing | |||||||||||
Loan | 14 | University Town Center | 2.1% | 1 | CCRE | CCRE | 20,650,000 | 20,650,000 | 18,822,048 | Mixed Use | Office/Retail | |||||||||||
Loan | 15 | Meridian Corporate Center I & II | 2.0% | 2 | Natixis | Natixis | 20,350,000 | 20,350,000 | 20,350,000 | Office | Suburban | |||||||||||
Property | 15.01 | Meridian Corporate Center I | 1.0% | 1 | Natixis | Natixis | 10,337,540 | 10,337,540 | Office | Suburban | ||||||||||||
Property | 15.02 | Meridian Corporate Center II | 1.0% | 1 | Natixis | Natixis | 10,012,460 | 10,012,460 | Office | Suburban | ||||||||||||
Loan | 16 | Colonial Estates | 2.0% | 1 | LCF | LCF | 19,600,000 | 19,600,000 | 17,992,024 | Manufactured Housing Community | Manufactured Housing Community | |||||||||||
Loan | 17 | 22 Exchange | 2.0% | 1 | Natixis | Natixis | 19,500,000 | 19,500,000 | 16,837,907 | Multifamily | Student Housing | |||||||||||
Loan | 18 | Pinnacle Ridge | 1.9% | 1 | GACC | GACC | 19,130,000 | 19,130,000 | 16,819,770 | Multifamily | Garden | |||||||||||
Loan | 19 | GRM Los Angeles | 1.7% | 1 | GACC | GACC | 16,575,000 | 16,575,000 | 15,288,756 | Industrial | Warehouse/Distribution | |||||||||||
Loan | 20 | Sea View Senior Living(24)(29) | 1.6% | 1 | LCF | LCF | 16,000,000 | 16,000,000 | 12,580,143 | Senior Housing | Independent Living / Assisted Living Facility | |||||||||||
Loan | 21 | Pagoda Hotel & King Office | 1.5% | 2 | CCRE | CCRE | 15,000,000 | 15,000,000 | 9,878,493 | Various | Various | |||||||||||
Property | 21.01 | Pagoda Hotel | 1.2% | 1 | CCRE | CCRE | 12,196,262 | 12,196,262 | Hospitality | Full Service | ||||||||||||
Property | 21.02 | King Office | 0.3% | 1 | CCRE | CCRE | 2,803,738 | 2,803,738 | Office | CBD | ||||||||||||
Loan | 22 | Westbrook Plaza | 1.5% | 1 | CCRE | CCRE | 15,000,000 | 15,000,000 | 13,027,026 | Retail | Anchored | |||||||||||
Loan | 23 | GreatStay Hotel Portfolio | 1.3% | 4 | CCRE | CCRE | 13,420,000 | 13,420,000 | 11,262,255 | Hospitality | Full Service | |||||||||||
Property | 23.01 | Holiday Inn Uniontown | 0.7% | 1 | CCRE | CCRE | 7,320,000 | 7,320,000 | Hospitality | Full Service | ||||||||||||
Property | 23.02 | Holiday Inn Indiana | 0.4% | 1 | CCRE | CCRE | 3,680,000 | 3,680,000 | Hospitality | Full Service | ||||||||||||
Property | 23.03 | Holiday Inn Clarion | 0.2% | 1 | CCRE | CCRE | 1,780,000 | 1,780,000 | Hospitality | Full Service | ||||||||||||
Property | 23.04 | Holiday Inn Beaver Falls | 0.1% | 1 | CCRE | CCRE | 640,000 | 640,000 | Hospitality | Full Service | ||||||||||||
Loan | 24 | Country Manor West MHP | 1.2% | 1 | CCRE | CCRE | 12,375,000 | 12,375,000 | 9,173,768 | Manufactured Housing Community | Manufactured Housing Community | |||||||||||
Loan | 25 | Stonegate Park MHP | 1.2% | 1 | CCRE | CCRE | 12,000,000 | 12,000,000 | 9,746,152 | Manufactured Housing Community | Manufactured Housing Community | |||||||||||
Loan | 26 | Pueblo Del Sol MHP | 1.1% | 1 | CCRE | CCRE | 10,500,000 | 10,500,000 | 8,631,844 | Manufactured Housing Community | Manufactured Housing Community | |||||||||||
Loan | 27 | Hampton Inn Knoxville I-75 North | 0.9% | 1 | CCRE | CCRE | 9,300,000 | 9,300,000 | 6,911,021 | Hospitality | Limited Service | |||||||||||
Loan | 28 | Pell City Limited Service Hotel Portfolio | 0.9% | 2 | GACC | GACC | 8,960,000 | 8,960,000 | 8,225,333 | Hospitality | Limited Service | |||||||||||
Property | 28.01 | Holiday Inn Express & Suites Pell City | 0.5% | 1 | GACC | GACC | 4,970,000 | 4,970,000 | Hospitality | Limited Service | ||||||||||||
Property | 28.02 | Hampton Inn Pell City | 0.4% | 1 | GACC | GACC | 3,990,000 | 3,990,000 | Hospitality | Limited Service | ||||||||||||
Loan | 29 | Kipling Apartments | 0.8% | 1 | GACC | GACC | 8,200,000 | 8,200,000 | 7,179,822 | Multifamily | Mid Rise | |||||||||||
Loan | 30 | Jackson Village Shopping Center | 0.8% | 1 | CCRE | CCRE | 8,200,000 | 8,200,000 | 6,680,166 | Retail | Anchored | |||||||||||
Loan | 31 | Richmond Valley Plaza | 0.8% | 1 | CCRE | CCRE | 8,000,000 | 8,000,000 | 6,868,374 | Retail | Unanchored | |||||||||||
Loan | 32 | Fairfield Inn Butler | 0.8% | 1 | LCF | LCF | 8,000,000 | 7,988,483 | 6,062,928 | Hospitality | Limited Service | |||||||||||
Loan | 33 | Bristol Village | 0.8% | 1 | Natixis | Natixis | 7,700,000 | 7,700,000 | 7,700,000 | Retail | Unanchored | |||||||||||
Loan | 34 | Candlewood Suites Syracuse Airport | 0.8% | 1 | CCRE | CCRE | 7,700,000 | 7,700,000 | 5,726,365 | Hospitality | Limited Service | |||||||||||
Loan | 35 | Crossroads Shopping Center | 0.8% | 1 | CCRE | CCRE | 7,500,000 | 7,500,000 | 6,132,442 | Retail | Anchored | |||||||||||
Loan | 36 | College Corner & Whispering Pines | 0.7% | 2 | Natixis | Natixis | 7,400,000 | 7,400,000 | 6,804,901 | Multifamily | Garden | |||||||||||
Property | 36.01 | College Corner Apartments | 0.4% | 1 | Natixis | Natixis | 3,800,000 | 3,800,000 | Multifamily | Garden | ||||||||||||
Property | 36.02 | Whispering Pines | 0.4% | 1 | Natixis | Natixis | 3,600,000 | 3,600,000 | Multifamily | Garden | ||||||||||||
Loan | 37 | Walmart - Johnson City | 0.7% | 1 | LCF | LCF | 7,230,000 | 7,221,764 | 5,886,402 | Retail | Single Tenant | |||||||||||
Loan | 38 | Summit Commons(28) | 0.7% | 1 | LCF | LCF | 7,030,000 | 7,030,000 | 6,317,706 | Retail | Anchored | |||||||||||
Loan | 39 | Buckner Commons | 0.7% | 1 | GACC | GACC | 6,535,000 | 6,535,000 | 5,578,332 | Retail | Shadow Anchored | |||||||||||
Loan | 40 | Waynesboro Industrial Building | 0.6% | 1 | CCRE | CCRE | 6,350,000 | 6,350,000 | 4,779,201 | Industrial | Warehouse/Distribution | |||||||||||
Loan | 41 | Unisource | 0.6% | 1 | LCF | LCF | 5,500,000 | 5,500,000 | 4,142,748 | Industrial | Warehouse/Distribution | |||||||||||
Loan | 42 | Intermex | 0.5% | 1 | CCRE | CCRE | 5,310,000 | 5,310,000 | 4,509,619 | Office | CBD | |||||||||||
Loan | 43 | Crichton Shopping Center | 0.5% | 1 | LCF | LCF | 5,100,000 | 5,100,000 | 4,051,149 | Retail | Anchored | |||||||||||
Loan | 44 | Pine Terrace Apartments | 0.4% | 1 | GACC | GACC | 3,675,000 | 3,675,000 | 3,165,218 | Multifamily | Garden | |||||||||||
Loan | 45 | Collingwood Gardens Apartments | 0.4% | 1 | Natixis | Natixis | 3,650,000 | 3,650,000 | 3,166,160 | Multifamily | Garden | |||||||||||
Loan | 46 | Renaissance Apartments | 0.3% | 1 | GACC | GACC | 3,300,000 | 3,300,000 | 2,841,653 | Multifamily | Mid Rise | |||||||||||
Loan | 47 | Madison Peebles Center | 0.3% | 1 | CCRE | CCRE | 3,100,000 | 3,100,000 | 2,558,838 | Retail | Anchored | |||||||||||
Loan | 48 | Hocking Mall | 0.3% | 1 | Natixis | Natixis | 3,000,000 | 3,000,000 | 2,474,813 | Retail | Anchored | |||||||||||
Loan | 49 | Forest Grove | 0.2% | 1 | GACC | GACC | 2,470,000 | 2,470,000 | 2,066,228 | Multifamily | Garden | |||||||||||
A-1-1
COMM 2014-CCRE18
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | Interest | Original | Remaining | Original | Remaining | First | ||||||||||||||||||||||||||||
Property | Initial Pool | Interest | Total | Additional | Administrative | Accrual | Term to | Term to | Amortization | Amortization | Origination | Payment | Maturity | ARD Loan | Final | |||||||||||||||||||
Flag | ID | Property Name | Balance | Rate | Strip | Strip | Fee Rate (6) | Basis | Maturity or ARD(7) | Maturity or ARD(7) | Term | Term | Date | Date(7) | or ARD Date | (Yes/No) | Maturity Date | |||||||||||||||||
Loan | 1 | Bronx Terminal Market(27)(31) | 13.5% | 4.5280% | 0.0125% | 0.0000% | 0.0125% | Actual/360 | 120 | 119 | 0 | 0 | 04/15/2014 | 06/06/2014 | 05/06/2024 | No | 05/06/2024 | |||||||||||||||||
Loan | 2 | Pacific Design Center(27)(28) | 9.5% | 4.8330% | 0.0193% | 0.0000% | 0.0193% | Actual/360 | 123 | 121 | 360 | 360 | 04/11/2014 | 05/11/2014 | 07/11/2024 | No | 07/11/2024 | |||||||||||||||||
Loan | 3 | Mellon Independence Center | 6.6% | 4.5100% | 0.0118% | 0.0000% | 0.0118% | Actual/360 | 60 | 59 | 360 | 360 | 04/30/2014 | 06/05/2014 | 05/05/2019 | No | 05/05/2019 | |||||||||||||||||
Loan | 4 | Southfield Town Center(27) | 6.2% | 4.7500% | 0.0775% | 0.0000% | 0.0775% | Actual/360 | 120 | 119 | 360 | 360 | 05/02/2014 | 06/06/2014 | 05/06/2024 | No | 05/06/2024 | |||||||||||||||||
Loan | 5 | City Place Midtown Apartments | 4.9% | 4.5000% | 0.0318% | 0.0200% | 0.0118% | Actual/360 | 120 | 120 | 360 | 360 | 05/29/2014 | 07/06/2014 | 06/06/2024 | No | 06/06/2024 | |||||||||||||||||
Loan | 6 | Hampton Inn & Suites - Gulf Front | 3.6% | 5.3100% | 0.0118% | 0.0000% | 0.0118% | Actual/360 | 120 | 120 | 360 | 360 | 05/30/2014 | 07/06/2014 | 06/06/2024 | No | 06/06/2024 | |||||||||||||||||
Loan | 7 | UNH & UME Student Housing Portfolio(32) | 3.6% | 5.0770% | 0.0318% | 0.0200% | 0.0118% | Actual/360 | 120 | 120 | 324 | 324 | 05/16/2014 | 07/06/2014 | 06/06/2024 | No | 06/06/2024 | |||||||||||||||||
Property | 7.01 | UNH Student Housing Portfolio | 2.0% | |||||||||||||||||||||||||||||||
Property | 7.02 | UME Student Housing Portfolio | 1.6% | |||||||||||||||||||||||||||||||
Loan | 8 | 399 Thornall Street | 3.5% | 4.6600% | 0.0218% | 0.0000% | 0.0218% | Actual/360 | 120 | 120 | 360 | 360 | 06/05/2014 | 07/06/2014 | 06/06/2024 | No | 06/06/2024 | |||||||||||||||||
Loan | 9 | Midwest Portfolio | 3.1% | 4.8275% | 0.0318% | 0.0200% | 0.0118% | Actual/360 | 120 | 120 | 360 | 360 | 06/06/2014 | 07/06/2014 | 06/06/2024 | No | 06/06/2024 | |||||||||||||||||
Property | 9.01 | Garden Quarter | 1.1% | |||||||||||||||||||||||||||||||
Property | 9.02 | Oxford Court Apartments | 0.8% | |||||||||||||||||||||||||||||||
Property | 9.03 | Glacier Hills Apartments | 0.7% | |||||||||||||||||||||||||||||||
Property | 9.04 | Barrington Bridge | 0.4% | |||||||||||||||||||||||||||||||
Loan | 10 | Met Center 10 | 2.9% | 4.8500% | 0.0118% | 0.0000% | 0.0118% | Actual/360 | 120 | 120 | 360 | 360 | 06/04/2014 | 07/06/2014 | 06/06/2024 | No | 06/06/2024 | |||||||||||||||||
Loan | 11 | Doubletree Modesto | 2.6% | 4.8775% | 0.0318% | 0.0200% | 0.0118% | Actual/360 | 60 | 60 | 360 | 360 | 05/09/2014 | 07/06/2014 | 06/06/2019 | No | 06/06/2019 | |||||||||||||||||
Loan | 12 | Deerfield Park Plaza | 2.3% | 4.5485% | 0.0318% | 0.0200% | 0.0118% | Actual/360 | 121 | 121 | 360 | 360 | 06/12/2014 | 07/06/2014 | 07/06/2024 | No | 07/06/2024 | |||||||||||||||||
Loan | 13 | Continental Automotive Systems | 2.1% | 4.7900% | 0.0118% | 0.0000% | 0.0118% | Actual/360 | 121 | 121 | 360 | 360 | 06/11/2014 | 07/06/2014 | 07/06/2024 | No | 07/06/2024 | |||||||||||||||||
Loan | 14 | University Town Center | 2.1% | 4.2495% | 0.0318% | 0.0200% | 0.0118% | Actual/360 | 120 | 120 | 360 | 360 | 05/22/2014 | 07/06/2014 | 06/06/2024 | No | 06/06/2024 | |||||||||||||||||
Loan | 15 | Meridian Corporate Center I & II | 2.0% | 4.2700% | 0.0118% | 0.0000% | 0.0118% | Actual/360 | 84 | 84 | 0 | 0 | 05/30/2014 | 07/05/2014 | 06/05/2021 | No | 06/05/2021 | |||||||||||||||||
Property | 15.01 | Meridian Corporate Center I | 1.0% | |||||||||||||||||||||||||||||||
Property | 15.02 | Meridian Corporate Center II | 1.0% | |||||||||||||||||||||||||||||||
Loan | 16 | Colonial Estates | 2.0% | 4.6860% | 0.0118% | 0.0000% | 0.0118% | Actual/360 | 120 | 119 | 360 | 360 | 04/30/2014 | 06/06/2014 | 05/06/2024 | No | 05/06/2024 | |||||||||||||||||
Loan | 17 | 22 Exchange | 2.0% | 3.9300% | 0.0118% | 0.0000% | 0.0118% | Actual/360 | 120 | 107 | 360 | 360 | 04/16/2013 | 06/05/2013 | 05/05/2023 | No | 05/05/2023 | |||||||||||||||||
Loan | 18 | Pinnacle Ridge | 1.9% | 4.6900% | 0.0418% | 0.0000% | 0.0418% | Actual/360 | 120 | 119 | 360 | 360 | 05/01/2014 | 06/06/2014 | 05/06/2024 | No | 05/06/2024 | |||||||||||||||||
Loan | 19 | GRM Los Angeles | 1.7% | 5.0100% | 0.0118% | 0.0000% | 0.0118% | Actual/360 | 60 | 60 | 360 | 360 | 05/12/2014 | 07/06/2014 | 06/06/2019 | No | 06/06/2019 | |||||||||||||||||
Loan | 20 | Sea View Senior Living(24)(29) | 1.6% | 5.2820% | 0.0118% | 0.0000% | 0.0118% | Actual/360 | 120 | 120 | 300 | 300 | 06/06/2014 | 07/06/2014 | 06/06/2024 | No | 06/06/2024 | |||||||||||||||||
Loan | 21 | Pagoda Hotel & King Office | 1.5% | 6.1080% | 0.0318% | 0.0200% | 0.0118% | Actual/360 | 121 | 121 | 240 | 240 | 06/13/2014 | 07/06/2014 | 07/06/2024 | No | 07/06/2024 | |||||||||||||||||
Property | 21.01 | Pagoda Hotel | 1.2% | |||||||||||||||||||||||||||||||
Property | 21.02 | King Office | 0.3% | |||||||||||||||||||||||||||||||
Loan | 22 | Westbrook Plaza | 1.5% | 5.1455% | 0.0318% | 0.0200% | 0.0118% | Actual/360 | 121 | 121 | 360 | 360 | 06/09/2014 | 07/06/2014 | 07/06/2024 | No | 07/06/2024 | |||||||||||||||||
Loan | 23 | GreatStay Hotel Portfolio | 1.3% | 5.0535% | 0.0593% | 0.0000% | 0.0593% | Actual/360 | 60 | 60 | 240 | 240 | 05/12/2014 | 07/06/2014 | 06/06/2019 | No | 06/06/2019 | |||||||||||||||||
Property | 23.01 | Holiday Inn Uniontown | 0.7% | |||||||||||||||||||||||||||||||
Property | 23.02 | Holiday Inn Indiana | 0.4% | |||||||||||||||||||||||||||||||
Property | 23.03 | Holiday Inn Clarion | 0.2% | |||||||||||||||||||||||||||||||
Property | 23.04 | Holiday Inn Beaver Falls | 0.1% | |||||||||||||||||||||||||||||||
Loan | 24 | Country Manor West MHP | 1.2% | 4.7620% | 0.0318% | 0.0200% | 0.0118% | Actual/360 | 121 | 121 | 300 | 300 | 06/11/2014 | 07/06/2014 | 07/06/2024 | No | 07/06/2024 | |||||||||||||||||
Loan | 25 | Stonegate Park MHP | 1.2% | 4.6300% | 0.0518% | 0.0000% | 0.0518% | Actual/360 | 120 | 120 | 360 | 360 | 06/02/2014 | 07/06/2014 | 06/06/2024 | No | 06/06/2024 | |||||||||||||||||
Loan | 26 | Pueblo Del Sol MHP | 1.1% | 4.9915% | 0.0518% | 0.0000% | 0.0518% | Actual/360 | 121 | 121 | 360 | 360 | 06/09/2014 | 07/06/2014 | 07/06/2024 | No | 07/06/2024 | |||||||||||||||||
Loan | 27 | Hampton Inn Knoxville I-75 North | 0.9% | 4.8295% | 0.0693% | 0.0000% | 0.0693% | Actual/360 | 120 | 120 | 300 | 300 | 06/04/2014 | 07/06/2014 | 06/06/2024 | No | 06/06/2024 | |||||||||||||||||
Loan | 28 | Pell City Limited Service Hotel Portfolio | 0.9% | 4.7000% | 0.0118% | 0.0000% | 0.0118% | Actual/360 | 60 | 60 | 360 | 360 | 05/07/2014 | 07/06/2014 | 06/06/2019 | No | 06/06/2019 | |||||||||||||||||
Property | 28.01 | Holiday Inn Express & Suites Pell City | 0.5% | |||||||||||||||||||||||||||||||
Property | 28.02 | Hampton Inn Pell City | 0.4% | |||||||||||||||||||||||||||||||
Loan | 29 | Kipling Apartments | 0.8% | 4.5100% | 0.0118% | 0.0000% | 0.0118% | Actual/360 | 120 | 120 | 360 | 360 | 06/06/2014 | 07/06/2014 | 06/06/2024 | No | 06/06/2024 | |||||||||||||||||
Loan | 30 | Jackson Village Shopping Center | 0.8% | 4.7200% | 0.0318% | 0.0200% | 0.0118% | Actual/360 | 120 | 120 | 360 | 360 | 05/23/2014 | 07/06/2014 | 06/06/2024 | No | 06/06/2024 | |||||||||||||||||
Loan | 31 | Richmond Valley Plaza | 0.8% | 5.1625% | 0.0318% | 0.0200% | 0.0118% | Actual/360 | 120 | 119 | 360 | 360 | 04/28/2014 | 06/06/2014 | 05/06/2024 | No | 05/06/2024 | |||||||||||||||||
Loan | 32 | Fairfield Inn Butler | 0.8% | 5.3690% | 0.0118% | 0.0000% | 0.0118% | Actual/360 | 120 | 119 | 300 | 299 | 04/17/2014 | 06/06/2014 | 05/06/2024 | No | 05/06/2024 | |||||||||||||||||
Loan | 33 | Bristol Village | 0.8% | 4.7400% | 0.0118% | 0.0000% | 0.0118% | Actual/360 | 120 | 119 | 0 | 0 | 05/05/2014 | 06/05/2014 | 05/05/2024 | No | 05/05/2024 | |||||||||||||||||
Loan | 34 | Candlewood Suites Syracuse Airport | 0.8% | 4.8500% | 0.0318% | 0.0200% | 0.0118% | Actual/360 | 120 | 120 | 300 | 300 | 05/14/2014 | 07/06/2014 | 06/06/2024 | No | 06/06/2024 | |||||||||||||||||
Loan | 35 | Crossroads Shopping Center | 0.8% | 4.8300% | 0.0318% | 0.0200% | 0.0118% | Actual/360 | 120 | 120 | 360 | 360 | 05/23/2014 | 07/06/2014 | 06/06/2024 | No | 06/06/2024 | |||||||||||||||||
Loan | 36 | College Corner & Whispering Pines | 0.7% | 4.8100% | 0.0118% | 0.0000% | 0.0118% | Actual/360 | 60 | 60 | 360 | 360 | 06/03/2014 | 07/05/2014 | 06/05/2019 | No | 06/05/2019 | |||||||||||||||||
Property | 36.01 | College Corner Apartments | 0.4% | |||||||||||||||||||||||||||||||
Property | 36.02 | Whispering Pines | 0.4% | |||||||||||||||||||||||||||||||
Loan | 37 | Walmart - Johnson City | 0.7% | 4.7000% | 0.0118% | 0.0000% | 0.0118% | Actual/360 | 120 | 119 | 360 | 359 | 05/06/2014 | 06/06/2014 | 05/06/2024 | No | 05/06/2024 | |||||||||||||||||
Loan | 38 | Summit Commons(28) | 0.7% | 5.6100% | 0.0118% | 0.0000% | 0.0118% | Actual/360 | 60 | 60 | 300 | 300 | 05/09/2014 | 07/06/2014 | 06/06/2019 | No | 06/06/2019 | |||||||||||||||||
Loan | 39 | Buckner Commons | 0.7% | 4.4800% | 0.0418% | 0.0000% | 0.0418% | Actual/360 | 120 | 120 | 360 | 360 | 05/14/2014 | 07/06/2014 | 06/06/2024 | No | 06/06/2024 | |||||||||||||||||
Loan | 40 | Waynesboro Industrial Building | 0.6% | 5.2180% | 0.0318% | 0.0200% | 0.0118% | Actual/360 | 60 | 60 | 180 | 180 | 06/03/2014 | 07/06/2014 | 06/06/2019 | No | 06/06/2019 | |||||||||||||||||
Loan | 41 | Unisource | 0.6% | 5.2000% | 0.0118% | 0.0000% | 0.0118% | Actual/360 | 120 | 120 | 300 | 300 | 05/29/2014 | 07/06/2014 | 06/06/2024 | No | 06/06/2024 | |||||||||||||||||
Loan | 42 | Intermex | 0.5% | 5.2000% | 0.0318% | 0.0200% | 0.0118% | Actual/360 | 120 | 120 | 360 | 360 | 05/21/2014 | 07/06/2014 | 06/06/2024 | No | 06/06/2024 | |||||||||||||||||
Loan | 43 | Crichton Shopping Center | 0.5% | 5.2000% | 0.0118% | 0.0000% | 0.0118% | Actual/360 | 120 | 120 | 330 | 330 | 05/23/2014 | 07/06/2014 | 06/06/2024 | No | 06/06/2024 | |||||||||||||||||
Loan | 44 | Pine Terrace Apartments | 0.4% | 4.8200% | 0.0118% | 0.0000% | 0.0118% | Actual/360 | 120 | 120 | 360 | 360 | 05/14/2014 | 07/06/2014 | 06/06/2024 | No | 06/06/2024 | |||||||||||||||||
Loan | 45 | Collingwood Gardens Apartments | 0.4% | 5.1000% | 0.0118% | 0.0000% | 0.0118% | Actual/360 | 120 | 120 | 360 | 360 | 06/10/2014 | 07/05/2014 | 06/05/2024 | No | 06/05/2024 | |||||||||||||||||
Loan | 46 | Renaissance Apartments | 0.3% | 4.8100% | 0.0118% | 0.0000% | 0.0118% | Actual/360 | 120 | 119 | 360 | 360 | 04/29/2014 | 06/06/2014 | 05/06/2024 | No | 05/06/2024 | |||||||||||||||||
Loan | 47 | Madison Peebles Center | 0.3% | 5.1185% | 0.0318% | 0.0200% | 0.0118% | Actual/360 | 120 | 120 | 360 | 360 | 05/09/2014 | 07/06/2014 | 06/06/2024 | No | 06/06/2024 | |||||||||||||||||
Loan | 48 | Hocking Mall | 0.3% | 5.1000% | 0.0118% | 0.0000% | 0.0118% | Actual/360 | 120 | 120 | 360 | 360 | 06/10/2014 | 07/05/2014 | 06/05/2024 | No | 06/05/2024 | |||||||||||||||||
Loan | 49 | Forest Grove | 0.2% | 4.6800% | 0.0118% | 0.0000% | 0.0118% | Actual/360 | 120 | 119 | 360 | 360 | 05/01/2014 | 06/06/2014 | 05/06/2024 | No | 05/06/2024 | |||||||||||||||||
A-1-2
COMM 2014-CCRE18
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Pari Passu | Pari Passu | |||||||||||||||||||||||||||
% of | Monthly | Annual | Companion Loan | Companion Loan | Remaining | Crossed | ||||||||||||||||||||||
Property | Initial Pool | Debt | Debt | Monthly Debt | Annual Debt | Interest Only | Cash | With | Related | Underwritten | Underwritten | |||||||||||||||||
Flag | ID | Property Name | Balance | Service($)(8) | Service($)(8) | Service($)(8) | Service($)(8) | Period(7) | Lockbox (9) | Management (10)(23) | Other Loans | Borrower | NOI DSCR (8)(11) | NCF DSCR (8)(11) | ||||||||||||||
Loan | 1 | Bronx Terminal Market(27)(31) | 13.5% | 516,475 | 6,197,700 | 937,306 | 11,247,678 | 119 | Hard | In Place | No | 1.75x | 1.70x | |||||||||||||||
Loan | 2 | Pacific Design Center(27)(28) | 9.5% | 500,329 | 6,003,945 | 263,331 | 3,159,971 | 58 | Hard | In Place | No | 1.65x | 1.55x | |||||||||||||||
Loan | 3 | Mellon Independence Center | 6.6% | 332,268 | 3,987,218 | 23 | Hard | Springing | No | 1.54x | 1.42x | |||||||||||||||||
Loan | 4 | Southfield Town Center(27) | 6.2% | 323,421 | 3,881,056 | 417,318 | 5,007,814 | 35 | Hard | In Place | No | Yes - A | 2.00x | 1.85x | ||||||||||||||
Loan | 5 | City Place Midtown Apartments | 4.9% | 245,236 | 2,942,828 | Springing Soft | Springing | No | 1.29x | 1.27x | ||||||||||||||||||
Loan | 6 | Hampton Inn & Suites - Gulf Front | 3.6% | 200,133 | 2,401,599 | Hard | Springing | No | 1.67x | 1.53x | ||||||||||||||||||
Loan | 7 | UNH & UME Student Housing Portfolio(32) | 3.6% | 204,345 | 2,452,136 | 24 | Soft | Springing | No | 1.37x | 1.31x | |||||||||||||||||
Property | 7.01 | UNH Student Housing Portfolio | 2.0% | |||||||||||||||||||||||||
Property | 7.02 | UME Student Housing Portfolio | 1.6% | |||||||||||||||||||||||||
Loan | 8 | 399 Thornall Street | 3.5% | 180,683 | 2,168,193 | 60 | Springing Hard | Springing | No | 2.79x | 2.50x | |||||||||||||||||
Loan | 9 | Midwest Portfolio | 3.1% | 160,530 | 1,926,364 | Soft Springing Hard | Springing | No | 1.41x | 1.30x | ||||||||||||||||||
Property | 9.01 | Garden Quarter | 1.1% | |||||||||||||||||||||||||
Property | 9.02 | Oxford Court Apartments | 0.8% | |||||||||||||||||||||||||
Property | 9.03 | Glacier Hills Apartments | 0.7% | |||||||||||||||||||||||||
Property | 9.04 | Barrington Bridge | 0.4% | |||||||||||||||||||||||||
Loan | 10 | Met Center 10 | 2.9% | 154,350 | 1,852,198 | Hard | In Place | No | 1.66x | 1.48x | ||||||||||||||||||
Loan | 11 | Doubletree Modesto | 2.6% | 139,751 | 1,677,012 | 12 | Hard | Springing | No | 2.02x | 1.69x | |||||||||||||||||
Loan | 12 | Deerfield Park Plaza | 2.3% | 117,201 | 1,406,416 | 1 | Springing Hard | Springing | No | 1.49x | 1.38x | |||||||||||||||||
Loan | 13 | Continental Automotive Systems | 2.1% | 110,053 | 1,320,634 | 1 | Hard | In Place | No | 1.30x | 1.27x | |||||||||||||||||
Loan | 14 | University Town Center | 2.1% | 101,580 | 1,218,954 | 60 | Springing Hard | Springing | No | 2.60x | 2.43x | |||||||||||||||||
Loan | 15 | Meridian Corporate Center I & II | 2.0% | 73,418 | 881,014 | 84 | Hard | Springing | No | 2.32x | 2.08x | |||||||||||||||||
Property | 15.01 | Meridian Corporate Center I | 1.0% | |||||||||||||||||||||||||
Property | 15.02 | Meridian Corporate Center II | 1.0% | |||||||||||||||||||||||||
Loan | 16 | Colonial Estates | 2.0% | 101,488 | 1,217,858 | 59 | Springing Soft | Springing | No | 1.30x | 1.29x | |||||||||||||||||
Loan | 17 | 22 Exchange | 2.0% | 92,311 | 1,107,729 | 23 | Soft | Springing | No | 1.30x | 1.25x | |||||||||||||||||
Loan | 18 | Pinnacle Ridge | 1.9% | 99,100 | 1,189,206 | 35 | Soft | Springing | No | 1.37x | 1.32x | |||||||||||||||||
Loan | 19 | GRM Los Angeles | 1.7% | 89,080 | 1,068,954 | Hard | In Place | No | 1.50x | 1.44x | ||||||||||||||||||
Loan | 20 | Sea View Senior Living(24)(29) | 1.6% | 96,182 | 1,154,183 | 12 | Soft | Springing | No | 1.68x | 1.64x | |||||||||||||||||
Loan | 21 | Pagoda Hotel & King Office | 1.5% | 108,401 | 1,300,816 | 1 | Hard | Springing | No | 1.61x | 1.34x | |||||||||||||||||
Property | 21.01 | Pagoda Hotel | 1.2% | |||||||||||||||||||||||||
Property | 21.02 | King Office | 0.3% | |||||||||||||||||||||||||
Loan | 22 | Westbrook Plaza | 1.5% | 81,862 | 982,348 | 25 | Hard | Springing | No | 1.33x | 1.25x | |||||||||||||||||
Loan | 23 | GreatStay Hotel Portfolio | 1.3% | 88,963 | 1,067,558 | Hard | Springing | No | Yes - A | 3.23x | 2.62x | |||||||||||||||||
Property | 23.01 | Holiday Inn Uniontown | 0.7% | |||||||||||||||||||||||||
Property | 23.02 | Holiday Inn Indiana | 0.4% | |||||||||||||||||||||||||
Property | 23.03 | Holiday Inn Clarion | 0.2% | |||||||||||||||||||||||||
Property | 23.04 | Holiday Inn Beaver Falls | 0.1% | |||||||||||||||||||||||||
Loan | 24 | Country Manor West MHP | 1.2% | 70,637 | 847,650 | 1 | Soft | Springing | No | 1.34x | 1.31x | |||||||||||||||||
Loan | 25 | Stonegate Park MHP | 1.2% | 61,733 | 740,792 | Soft Springing Hard | Springing | No | Yes - B | 1.26x | 1.25x | |||||||||||||||||
Loan | 26 | Pueblo Del Sol MHP | 1.1% | 56,312 | 675,741 | 1 | Soft Springing Hard | Springing | No | Yes - B | 1.50x | 1.47x | ||||||||||||||||
Loan | 27 | Hampton Inn Knoxville I-75 North | 0.9% | 53,447 | 641,365 | Springing Hard | Springing | No | 1.66x | 1.52x | ||||||||||||||||||
Loan | 28 | Pell City Limited Service Hotel Portfolio | 0.9% | 46,470 | 557,639 | Hard | In Place | No | 2.48x | 2.23x | ||||||||||||||||||
Property | 28.01 | Holiday Inn Express & Suites Pell City | 0.5% | |||||||||||||||||||||||||
Property | 28.02 | Hampton Inn Pell City | 0.4% | |||||||||||||||||||||||||
Loan | 29 | Kipling Apartments | 0.8% | 41,597 | 499,163 | 36 | Soft | Springing | No | 1.43x | 1.38x | |||||||||||||||||
Loan | 30 | Jackson Village Shopping Center | 0.8% | 42,627 | 511,523 | Springing Soft | Springing | No | Yes - C | 1.46x | 1.34x | |||||||||||||||||
Loan | 31 | Richmond Valley Plaza | 0.8% | 43,744 | 524,925 | 17 | Hard | Springing | No | 1.44x | 1.41x | |||||||||||||||||
Loan | 32 | Fairfield Inn Butler | 0.8% | 48,503 | 582,037 | Hard | Springing | No | 1.72x | 1.54x | ||||||||||||||||||
Loan | 33 | Bristol Village | 0.8% | 30,837 | 370,049 | 119 | Soft | Springing | No | 1.68x | 1.63x | |||||||||||||||||
Loan | 34 | Candlewood Suites Syracuse Airport | 0.8% | 44,343 | 532,117 | Hard | Springing | No | 1.67x | 1.49x | ||||||||||||||||||
Loan | 35 | Crossroads Shopping Center | 0.8% | 39,486 | 473,832 | Springing Soft | Springing | No | Yes - C | 1.68x | 1.47x | |||||||||||||||||
Loan | 36 | College Corner & Whispering Pines | 0.7% | 38,870 | 466,440 | Soft | In Place | No | 1.59x | 1.48x | ||||||||||||||||||
Property | 36.01 | College Corner Apartments | 0.4% | |||||||||||||||||||||||||
Property | 36.02 | Whispering Pines | 0.4% | |||||||||||||||||||||||||
Loan | 37 | Walmart - Johnson City | 0.7% | 37,498 | 449,970 | Hard | In Place | No | 1.69x | 1.69x | ||||||||||||||||||
Loan | 38 | Summit Commons(28) | 0.7% | 43,633 | 523,601 | Hard | Springing | No | 1.38x | 1.33x | ||||||||||||||||||
Loan | 39 | Buckner Commons | 0.7% | 33,034 | 396,411 | 24 | Hard | Springing | No | 1.71x | 1.59x | |||||||||||||||||
Loan | 40 | Waynesboro Industrial Building | 0.6% | 50,939 | 611,274 | Hard | Springing | No | 1.60x | 1.33x | ||||||||||||||||||
Loan | 41 | Unisource | 0.6% | 32,797 | 393,559 | Hard | In Place | No | 1.39x | 1.30x | ||||||||||||||||||
Loan | 42 | Intermex | 0.5% | 29,158 | 349,893 | 12 | Hard | Springing | No | 1.35x | 1.27x | |||||||||||||||||
Loan | 43 | Crichton Shopping Center | 0.5% | 29,081 | 348,970 | Springing Hard | Springing | No | 1.61x | 1.36x | ||||||||||||||||||
Loan | 44 | Pine Terrace Apartments | 0.4% | 19,326 | 231,911 | 24 | Springing Hard | Springing | No | 1.93x | 1.74x | |||||||||||||||||
Loan | 45 | Collingwood Gardens Apartments | 0.4% | 19,818 | 237,812 | 24 | Soft | Springing | No | 1.96x | 1.71x | |||||||||||||||||
Loan | 46 | Renaissance Apartments | 0.3% | 17,334 | 208,007 | 23 | Soft | In Place | No | 1.33x | 1.29x | |||||||||||||||||
Loan | 47 | Madison Peebles Center | 0.3% | 16,867 | 202,400 | Hard | Springing | No | 1.62x | 1.40x | ||||||||||||||||||
Loan | 48 | Hocking Mall | 0.3% | 16,288 | 195,462 | Hard | Springing | No | 1.78x | 1.44x | ||||||||||||||||||
Loan | 49 | Forest Grove | 0.2% | 12,781 | 153,368 | 11 | Soft | Springing | No | 1.73x | 1.55x | |||||||||||||||||
A-1-3
COMM 2014-CCRE18
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | FIRREA | Cut-Off | ||||||||||||||||||||||||||||
Property | Initial Pool | Grace | Payment | Appraised | Appraisal | Compliant | Date LTV | LTV Ratio at | ||||||||||||||||||||||
Flag | ID | Property Name | Balance | Period(12) | Date | Value ($)(13) | As-of Date | (Yes/No) | Ratio (11)(13) | Maturity or ARD (11)(13) | Address | City | County | State | Zip Code | |||||||||||||||
Loan | 1 | Bronx Terminal Market(27)(31) | 13.5% | 0 | 6 | 600,000,000 | 01/07/2014 | Yes | 63.3% | 63.3% | 658 River Avenue | Bronx | Bronx | NY | 10451 | |||||||||||||||
Loan | 2 | Pacific Design Center(27)(28) | 9.5% | 0 | 11 | 310,000,000 | 03/06/2014 | Yes | 46.8% | 42.8% | 8687 Melrose Avenue | West Hollywood | Los Angeles | CA | 90069 | |||||||||||||||
Loan | 3 | Mellon Independence Center | 6.6% | 0 | 5 | 87,500,000 | 03/01/2014 | Yes | 74.9% | 71.2% | 701 Market Street | Philadelphia | Philadelphia | PA | 19106 | |||||||||||||||
Loan | 4 | Southfield Town Center(27) | 6.2% | 0 | 6 | 181,000,000 | 03/13/2014 | Yes | 66.3% | 56.9% | 1000, 2000, 3000, 4000 and 4400 Town Center | Southfield | Oakland | MI | 48075 | |||||||||||||||
Loan | 5 | City Place Midtown Apartments | 4.9% | 0 | 6 | 70,700,000 | 04/01/2014 | Yes | 68.5% | 55.4% | 306 McGowen Street | Houston | Harris | TX | 77006 | |||||||||||||||
Loan | 6 | Hampton Inn & Suites - Gulf Front | 3.6% | 0 | 6 | 53,400,000 | 05/01/2014 | Yes | 67.4% | 56.0% | 25518 Perdido Beach Boulevard | Orange Beach | Baldwin | AL | 36561 | |||||||||||||||
Loan | 7 | UNH & UME Student Housing Portfolio(32) | 3.6% | 0 | 6 | 48,500,000 | 04/17/2014 | Yes | 74.2% | 62.1% | Various | Various | Various | Various | Various | |||||||||||||||
Property | 7.01 | UNH Student Housing Portfolio | 2.0% | 28,700,000 | 04/17/2014 | Yes | Various | Durham | Strafford | NH | 03824 | |||||||||||||||||||
Property | 7.02 | UME Student Housing Portfolio | 1.6% | 19,800,000 | 04/17/2014 | Yes | 4 Empire Drive | Orono | Penobscot | ME | 04473 | |||||||||||||||||||
Loan | 8 | 399 Thornall Street | 3.5% | 0 | 6 | 68,000,000 | 03/27/2014 | Yes | 51.5% | 47.2% | 399 Thornall Street | Edison | Middlesex | NJ | 08837 | |||||||||||||||
Loan | 9 | Midwest Portfolio | 3.1% | 0 | 6 | 41,650,000 | 04/07/2014 | Yes | 73.2% | 59.9% | Various | Various | Various | Various | Various | |||||||||||||||
Property | 9.01 | Garden Quarter | 1.1% | 15,475,000 | 04/07/2014 | Yes | 6 Tivoli Place | Elgin | Kane | IL | 60123 | |||||||||||||||||||
Property | 9.02 | Oxford Court Apartments | 0.8% | 10,300,000 | 04/07/2014 | Yes | 785 Juniper Road | Valparaiso | Porter | IN | 46385 | |||||||||||||||||||
Property | 9.03 | Glacier Hills Apartments | 0.7% | 9,800,000 | 04/07/2014 | Yes | 1202 McKenna Boulevard | Madison | Dane | WI | 53719 | |||||||||||||||||||
Property | 9.04 | Barrington Bridge | 0.4% | 6,075,000 | 04/07/2014 | Yes | 120 Abbey Lane | Chesterton | Porter | IN | 46304 | |||||||||||||||||||
Loan | 10 | Met Center 10 | 2.9% | 0 | 6 | 44,000,000 | 05/15/2014 | Yes | 66.5% | 54.4% | 7551 Metro Center Drive | Austin | Travis | TX | 78744 | |||||||||||||||
Loan | 11 | Doubletree Modesto | 2.6% | 0 | 6 | 41,000,000 | 04/03/2014 | Yes | 64.4% | 60.4% | 1150 9th Street | Modesto | Stanislaus | CA | 95354 | |||||||||||||||
Loan | 12 | Deerfield Park Plaza | 2.3% | 0 | 6 | 32,500,000 | 04/22/2014 | Yes | 70.8% | 57.3% | 401-499 Lake Cook Road | Deerfield | Cook | IL | 60015 | |||||||||||||||
Loan | 13 | Continental Automotive Systems | 2.1% | 0 | 6 | 28,800,000 | 02/18/2014 | Yes | 72.9% | 59.5% | 615 Bland Boulevard | Newport News | Newport News City | VA | 23602 | |||||||||||||||
Loan | 14 | University Town Center | 2.1% | 0 | 6 | 49,510,000 | 04/29/2014 | Yes | 41.7% | 38.0% | 6501 America Boulevard | Hyattsville | Prince George’s | MD | 20782 | |||||||||||||||
Loan | 15 | Meridian Corporate Center I & II | 2.0% | 0 | 5 | 31,300,000 | 03/11/2014 | Yes | 65.0% | 65.0% | Various | Englewood | Douglas | CO | 80112 | |||||||||||||||
Property | 15.01 | Meridian Corporate Center I | 1.0% | 15,900,000 | 03/11/2014 | Yes | 9800 Pyramid Court | Englewood | Douglas | CO | 80112 | |||||||||||||||||||
Property | 15.02 | Meridian Corporate Center II | 1.0% | 15,400,000 | 03/11/2014 | Yes | 9780 Pyramid Court | Englewood | Douglas | CO | 80112 | |||||||||||||||||||
Loan | 16 | Colonial Estates | 2.0% | 0 | 6 | 26,400,000 | 04/17/2014 | Yes | 74.2% | 68.2% | 6046 Lake Worth Road | Greenacres | Palm Beach | FL | 33463 | |||||||||||||||
Loan | 17 | 22 Exchange | 2.0% | 0 | 5 | 28,350,000 | 10/15/2014 | Yes | 68.8% | 59.4% | 22 East Exchange Street | Akron | Summit | OH | 44308 | |||||||||||||||
Loan | 18 | Pinnacle Ridge | 1.9% | 0 | 6 | 25,800,000 | 03/04/2014 | Yes | 74.1% | 65.2% | 1310 North Cockrell Hill Road | Dallas | Dallas | TX | 75211 | |||||||||||||||
Loan | 19 | GRM Los Angeles | 1.7% | 0 | 6 | 22,100,000 | 02/24/2014 | Yes | 75.0% | 69.2% | 8500 Mercury Lane | Pico Rivera | Los Angeles | CA | 90660 | |||||||||||||||
Loan | 20 | Sea View Senior Living(24)(29) | 1.6% | 0 | 6 | 27,390,000 | 05/01/2014 | Yes | 58.4% | 45.9% | 98059 Gerlach Lane | Brookings | Curry | OR | 97415 | |||||||||||||||
Loan | 21 | Pagoda Hotel & King Office | 1.5% | 0 | 6 | 32,100,000 | Various | Yes | 46.7% | 30.8% | Various | Honolulu | Honolulu | HI | 96814 | |||||||||||||||
Property | 21.01 | Pagoda Hotel | 1.2% | 26,100,000 | 01/01/2014 | Yes | 1525 Rycroft Street | Honolulu | Honolulu | HI | 96814 | |||||||||||||||||||
Property | 21.02 | King Office | 0.3% | 6,000,000 | 02/05/2014 | Yes | 1451 South King Street | Honolulu | Honolulu | HI | 96814 | |||||||||||||||||||
Loan | 22 | Westbrook Plaza | 1.5% | 0 | 6 | 20,600,000 | 03/19/2014 | Yes | 72.8% | 63.2% | 10131-10181 Westminster Ave | Garden Grove | Orange | CA | 92843 | |||||||||||||||
Loan | 23 | GreatStay Hotel Portfolio | 1.3% | 0 | 6 | 23,800,000 | 02/25/2014 | Yes | 56.4% | 47.3% | Various | Various | Various | PA | Various | |||||||||||||||
Property | 23.01 | Holiday Inn Uniontown | 0.7% | 10,770,000 | 02/25/2014 | Yes | 700 West Main Street | Uniontown | Fayette | PA | 15401 | |||||||||||||||||||
Property | 23.02 | Holiday Inn Indiana | 0.4% | 7,200,000 | 02/25/2014 | Yes | 1395 Wayne Avenue | Indiana | Indiana | PA | 15701 | |||||||||||||||||||
Property | 23.03 | Holiday Inn Clarion | 0.2% | 3,680,000 | 02/25/2014 | Yes | 45 Holiday Inn Road | Clarion | Clarion | PA | 16214 | |||||||||||||||||||
Property | 23.04 | Holiday Inn Beaver Falls | 0.1% | 2,150,000 | 02/25/2014 | Yes | 7195 Eastwood Drive | Beaver Falls | Beaver | PA | 15010 | |||||||||||||||||||
Loan | 24 | Country Manor West MHP | 1.2% | 0 | 6 | 16,500,000 | 04/02/2014 | Yes | 75.0% | 55.6% | 45 Cypress Lane | Carlisle | Cumberland | PA | 17015 | |||||||||||||||
Loan | 25 | Stonegate Park MHP | 1.2% | 0 | 6 | 16,390,000 | 03/13/2014 | Yes | 73.2% | 59.5% | 7368 Whyte Avenue | Citrus Heights | Sacramento | CA | 95621 | |||||||||||||||
Loan | 26 | Pueblo Del Sol MHP | 1.1% | 0 | 6 | 17,385,000 | 03/05/2014 | Yes | 60.4% | 49.7% | 3751 South Nellis Boulevard | Las Vegas | Clark | NV | 89121 | |||||||||||||||
Loan | 27 | Hampton Inn Knoxville I-75 North | 0.9% | 0 | 6 | 13,500,000 | 04/01/2014 | Yes | 68.9% | 51.2% | 5411 Pratt Road | Knoxville | Knox | TN | 37912 | |||||||||||||||
Loan | 28 | Pell City Limited Service Hotel Portfolio | 0.9% | 0 | 6 | 12,800,000 | 04/01/2014 | Yes | 70.0% | 64.3% | Various | Pell City | St. Clair | AL | 35125 | |||||||||||||||
Property | 28.01 | Holiday Inn Express & Suites Pell City | 0.5% | 7,100,000 | 04/01/2014 | Yes | 240 Vaughan Lane | Pell City | St. Clair | AL | 35125 | |||||||||||||||||||
Property | 28.02 | Hampton Inn Pell City | 0.4% | 5,700,000 | 04/01/2014 | Yes | 220 Vaughan Lane | Pell City | St. Clair | AL | 35125 | |||||||||||||||||||
Loan | 29 | Kipling Apartments | 0.8% | 0 | 6 | 13,250,000 | 03/17/2014 | Yes | 61.9% | 54.2% | 4067-4077 West 3rd Street | Los Angeles | Los Angeles | CA | 90020 | |||||||||||||||
Loan | 30 | Jackson Village Shopping Center | 0.8% | 0 | 6 | 11,250,000 | 04/16/2014 | Yes | 72.9% | 59.4% | 4400 Lebanon Pike | Hermitage | Davidson | TN | 37076 | |||||||||||||||
Loan | 31 | Richmond Valley Plaza | 0.8% | 0 | 6 | 12,400,000 | 01/08/2014 | Yes | 64.5% | 55.4% | 96-126 Page Avenue | Staten Island | Richmond | NY | 10309 | |||||||||||||||
Loan | 32 | Fairfield Inn Butler | 0.8% | 0 | 6 | 11,500,000 | 03/01/2014 | Yes | 69.5% | 52.7% | 200 Fairfield Lane | Butler | Butler | PA | 16001 | |||||||||||||||
Loan | 33 | Bristol Village | 0.8% | 0 | 5 | 12,900,000 | 04/07/2014 | Yes | 59.7% | 59.7% | 250-290 Bristol Street | Costa Mesa | Orange | CA | 92626 | |||||||||||||||
Loan | 34 | Candlewood Suites Syracuse Airport | 0.8% | 0 | 6 | 11,200,000 | 04/14/2014 | Yes | 68.8% | 51.1% | 5414 South Bay Road | North Syracuse | Onondaga | NY | 13212 | |||||||||||||||
Loan | 35 | Crossroads Shopping Center | 0.8% | 0 | 6 | 10,150,000 | 04/11/2014 | Yes | 73.9% | 60.4% | 521 West Oglethorpe Highway | Hinesville | Liberty | GA | 31313 | |||||||||||||||
Loan | 36 | College Corner & Whispering Pines | 0.7% | 0 | 5 | 9,940,000 | Various | Yes | 74.4% | 68.5% | Various | Various | Various | Various | Various | |||||||||||||||
Property | 36.01 | College Corner Apartments | 0.4% | 5,100,000 | 04/01/2014 | Yes | 1830 East Johnson Avenue | Jonesboro | Craighead | AR | 72401 | |||||||||||||||||||
Property | 36.02 | Whispering Pines | 0.4% | 4,840,000 | 03/24/2013 | Yes | 1010 Sugar Lane | Palestine | Anderson | TX | 75801 | |||||||||||||||||||
Loan | 37 | Walmart - Johnson City | 0.7% | 0 | 6 | 13,500,000 | 03/18/2014 | Yes | 53.5% | 43.6% | 2 Gannett Drive | Johnson City | Broome | NY | 13790 | |||||||||||||||
Loan | 38 | Summit Commons(28) | 0.7% | 0 | 6 | 9,240,000 | 11/14/2013 | Yes | 76.1% | 68.4% | 4760 Hard Scrabble Road | Columbia | Richland | SC | 29229 | |||||||||||||||
Loan | 39 | Buckner Commons | 0.7% | 0 | 6 | 9,400,000 | 03/04/2014 | Yes | 69.5% | 59.3% | 9208-9214 East R.L. Thornton Freeway | Dallas | Dallas | TX | 75228 | |||||||||||||||
Loan | 40 | Waynesboro Industrial Building | 0.6% | 0 | 6 | 11,630,000 | 03/31/2014 | Yes | 54.6% | 41.1% | 321 Mills Road | Waynesboro | Burke | GA | 30830 | |||||||||||||||
Loan | 41 | Unisource | 0.6% | 0 | 6 | 7,980,000 | 04/10/2014 | Yes | 68.9% | 51.9% | 845 Pilot Road | Las Vegas | Clark | NV | 89119 | |||||||||||||||
Loan | 42 | Intermex | 0.5% | 0 | 6 | 7,500,000 | 03/18/2014 | Yes | 70.8% | 60.1% | 9480 South Dixie Highway | Miami | Miami-Dade | FL | 33156 | |||||||||||||||
Loan | 43 | Crichton Shopping Center | 0.5% | 0 | 6 | 7,300,000 | 04/14/2014 | Yes | 69.9% | 55.5% | 2950 Spring Hill Avenue | Mobile | Mobile | AL | 36607 | |||||||||||||||
Loan | 44 | Pine Terrace Apartments | 0.4% | 0 | 6 | 4,900,000 | 04/03/2014 | Yes | 75.0% | 64.6% | 322 South Burkett Drive | Callaway | Bay | FL | 32404 | |||||||||||||||
Loan | 45 | Collingwood Gardens Apartments | 0.4% | 0 | 5 | 4,800,000 | 04/14/2014 | Yes | 76.0% | 66.0% | 838 Greens Road | Houston | Harris | TX | 77060 | |||||||||||||||
Loan | 46 | Renaissance Apartments | 0.3% | 0 | 6 | 5,420,000 | 02/04/2014 | Yes | 60.9% | 52.4% | 5263 University Way Northeast | Seattle | King | WA | 98105 | |||||||||||||||
Loan | 47 | Madison Peebles Center | 0.3% | 0 | 6 | 4,160,000 | 02/04/2014 | Yes | 74.5% | 61.5% | 6583 North Ridge Road | Madison | Lake | OH | 44057 | |||||||||||||||
Loan | 48 | Hocking Mall | 0.3% | 0 | 5 | 4,400,000 | 04/04/2014 | Yes | 68.2% | 56.2% | 62-150 Hocking Mall | Logan | Hocking | OH | 43138 | |||||||||||||||
Loan | 49 | Forest Grove | 0.2% | 0 | 6 | 3,250,000 | 01/16/2014 | Yes | 76.0% | 63.6% | 2350 Blackburn Road Southeast | Cleveland | Bradley | TN | 37311 | |||||||||||||||
A-1-4
COMM 2014-CCRE18
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Net | Loan per Net | |||||||||||||||||||||||||||||||
% of | Rentable Area | Units | Rentable Area | Second Most | Second | Second | ||||||||||||||||||||||||||
Property | Initial Pool | Year | Year | (SF/Units/Beds | of | (SF/Units/Beds | Prepayment Provisions | Most Recent Operating | Most Recent | Most Recent | Most Recent | Recent Operating | Most Recent | Most Recent | ||||||||||||||||||
Flag | ID | Property Name | Balance | Built | Renovated | Rooms/Pads)(5) | Measure | Rooms/Pads) ($)(11) | (# of payments)(7)(14) | Statements Date | EGI ($) | Expenses($) | NOI($) | Statements Date | EGI($) | Expenses($) | ||||||||||||||||
Loan | 1 | Bronx Terminal Market(27)(31) | 13.5% | 2009 | NAP | 912,333 | Sq. Ft. | 417 | 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 | ||||||||||||||||
Loan | 2 | Pacific Design Center(27)(28) | 9.5% | 1975, 1988 | 2001 | 1,003,868 | Sq. Ft. | 144 | L(35), YM1(84), O(4) | T-12 2/28/2014 | 28,640,300 | 15,090,207 | 13,550,093 | 12/31/2013 | 28,706,594 | 15,120,370 | ||||||||||||||||
Loan | 3 | Mellon Independence Center | 6.6% | 1895, 1918 | 1985, 1988 | 718,085 | Sq. Ft. | 91 | L(25), D(32), O(3) | T-12 2/28/2014 | 15,961,023 | 9,511,332 | 6,449,691 | 12/31/2013 | 15,545,725 | 9,512,185 | ||||||||||||||||
Loan | 4 | Southfield Town Center(27) | 6.2% | 1975-1989 | NAP | 2,152,344 | Sq. Ft. | 66 | 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 | ||||||||||||||||
Loan | 5 | City Place Midtown Apartments | 4.9% | 2010, 2013 | NAP | 281 | Units | 172,242 | L(24), D(92), O(4) | T-12 3/31/2014 | 4,308,394 | 1,616,037 | 2,692,357 | 12/31/2013 | 4,123,072 | 1,464,314 | ||||||||||||||||
Loan | 6 | Hampton Inn & Suites - Gulf Front | 3.6% | 2011 | NAP | 160 | Rooms | 225,000 | L(24), D(92), O(4) | T-12 4/30/2014 | 8,271,090 | 4,210,954 | 4,060,136 | 12/31/2013 | 8,257,463 | 4,134,023 | ||||||||||||||||
Loan | 7 | UNH & UME Student Housing Portfolio(32) | 3.6% | Various | Various | 1,178 | Beds | 30,560 | L(24), D(91), O(5) | T-12 5/14/2014 | 7,451,416 | 3,813,580 | 3,637,836 | 12/31/2013 | 7,024,030 | 3,754,345 | ||||||||||||||||
Property | 7.01 | UNH Student Housing Portfolio | 2.0% | 1920-1982 | 2012 | 602 | Beds | 32,807 | T-12 5/14/2014 | 4,092,597 | 2,144,420 | 1,948,177 | 12/31/2013 | 3,873,215 | 2,085,941 | |||||||||||||||||
Property | 7.02 | UME Student Housing Portfolio | 1.6% | 2006 | NAP | 576 | Beds | 28,212 | T-12 5/14/2014 | 3,358,818 | 1,669,160 | 1,689,659 | 12/31/2013 | 3,150,815 | 1,668,405 | |||||||||||||||||
Loan | 8 | 399 Thornall Street | 3.5% | 1984 | 2012 | 335,196 | Sq. Ft. | 104 | L(24), D(92), O(4) | 12/31/2013 | 10,403,389 | 3,718,179 | 6,685,210 | 12/31/2012 | 9,698,754 | 3,511,815 | ||||||||||||||||
Loan | 9 | Midwest Portfolio | 3.1% | Various | Various | 544 | Units | 56,066 | L(24), D(93), O(3) | T-12 2/28/2014 | 4,784,380 | 2,048,053 | 2,736,327 | 12/31/2013 | 4,804,360 | 2,061,106 | ||||||||||||||||
Property | 9.01 | Garden Quarter | 1.1% | 1971 | NAP | 183 | Units | 61,925 | T-12 2/28/2014 | 1,883,385 | 817,027 | 1,066,358 | 12/31/2013 | 1,896,276 | 816,824 | |||||||||||||||||
Property | 9.02 | Oxford Court Apartments | 0.8% | 1974-1979 | 2013 | 138 | Units | 54,657 | T-12 2/28/2014 | 1,037,681 | 421,793 | 615,888 | 12/31/2013 | 1,041,327 | 433,845 | |||||||||||||||||
Property | 9.03 | Glacier Hills Apartments | 0.7% | 1988 | 2008 | 123 | Units | 58,345 | T-12 2/28/2014 | 1,125,827 | 465,514 | 660,314 | 12/31/2013 | 1,117,250 | 467,171 | |||||||||||||||||
Property | 9.04 | Barrington Bridge | 0.4% | 1979 | 2013 | 100 | Units | 44,487 | T-12 2/28/2014 | 737,487 | 343,720 | 393,767 | 12/31/2013 | 749,507 | 343,267 | |||||||||||||||||
Loan | 10 | Met Center 10 | 2.9% | 2001 | 2012-2013 | 345,600 | Sq. Ft. | 85 | L(24), D(92), O(4) | 12/31/2013 | 5,202,326 | 1,294,866 | 3,907,460 | 12/31/2012 | 5,028,603 | 1,297,222 | ||||||||||||||||
Loan | 11 | Doubletree Modesto | 2.6% | 1990 | 2011-2013 | 260 | Rooms | 101,538 | L(24), D(33), O(3) | T-12 2/28/2014 | 13,844,185 | 10,311,010 | 3,533,175 | 12/31/2013 | 13,716,606 | 10,295,877 | ||||||||||||||||
Loan | 12 | Deerfield Park Plaza | 2.3% | 1975-2007 | 2011 | 123,739 | Sq. Ft. | 186 | L(24), D(92), O(5) | T-12 3/31/2014 | 3,166,069 | 1,188,614 | 1,977,455 | 12/31/2013 | 3,117,921 | 1,134,181 | ||||||||||||||||
Loan | 13 | Continental Automotive Systems | 2.1% | 1971 | 1980, 1988 | 379,706 | Sq. Ft. | 55 | L(24), D(93), O(4) | |||||||||||||||||||||||
Loan | 14 | University Town Center | 2.1% | 2007 | NAP | 176,923 | Sq. Ft. | 117 | L(24), D(91), O(5) | T-12 4/30/2014 | 5,155,302 | 1,855,455 | 3,299,847 | 12/31/2013 | 5,595,447 | 2,032,350 | ||||||||||||||||
Loan | 15 | Meridian Corporate Center I & II | 2.0% | 2000 | NAP | 234,793 | Sq. Ft. | 87 | L(24), D(57), O(3) | T-12 3/31/2014 | 3,087,167 | 2,153,716 | 933,451 | 12/31/2013 | 2,854,390 | 1,825,612 | ||||||||||||||||
Property | 15.01 | Meridian Corporate Center I | 1.0% | 2000 | NAP | 116,587 | Sq. Ft. | 89 | T-12 3/31/2014 | 1,082,826 | 1,012,143 | 70,683 | 12/31/2013 | 998,428 | 876,239 | |||||||||||||||||
Property | 15.02 | Meridian Corporate Center II | 1.0% | 2000 | NAP | 118,206 | Sq. Ft. | 85 | T-12 3/31/2014 | 2,004,341 | 1,141,573 | 862,768 | 12/31/2013 | 1,855,962 | 949,373 | |||||||||||||||||
Loan | 16 | Colonial Estates | 2.0% | 1971 | 2010 | 326 | Pads | 60,123 | L(25), D(91), O(4) | T-12 3/31/2014 | 2,083,611 | 603,086 | 1,480,525 | 12/31/2013 | 2,072,125 | 608,450 | ||||||||||||||||
Loan | 17 | 22 Exchange | 2.0% | 2010 | NAP | 471 | Beds | 41,401 | L(37), D(80), O(3) | T-12 3/31/2014 | 3,279,253 | 2,161,044 | 1,118,208 | T-12 2/28/2013 | 3,657,316 | 2,282,470 | ||||||||||||||||
Loan | 18 | Pinnacle Ridge | 1.9% | 2007 | NAP | 296 | Units | 64,628 | L(25), D(91), O(4) | T-12 2/28/2014 | 3,286,046 | 1,741,864 | 1,544,182 | 12/31/2013 | 3,238,854 | 1,711,196 | ||||||||||||||||
Loan | 19 | GRM Los Angeles | 1.7% | 2002 | NAP | 170,222 | Sq. Ft. | 97 | L(24), D(32), O(4) | 12/31/2013 | 1,279,630 | 283,054 | 996,576 | 12/31/2012 | 1,262,220 | 264,648 | ||||||||||||||||
Loan | 20 | Sea View Senior Living(24)(29) | 1.6% | 2009 | NAP | 135 | Beds | 118,519 | L(24), D(92), O(4) | T-12 3/31/2014 | 4,848,077 | 3,031,189 | 1,816,888 | 12/31/2013 | 4,755,946 | 3,016,878 | ||||||||||||||||
Loan | 21 | Pagoda Hotel & King Office | 1.5% | Various | Various | Various | Various | Various | L(24), D(94), O(3) | T-12 1/1/2014 | 8,214,110 | 5,887,183 | 2,326,927 | 12/31/2013 | 8,185,443 | 5,819,706 | ||||||||||||||||
Property | 21.01 | Pagoda Hotel | 1.2% | 1964 | 2009 | 198 | Rooms | 61,597 | T-12 1/1/2014 | 7,164,527 | 5,178,887 | 1,985,640 | 12/31/2013 | 7,164,042 | 5,145,607 | |||||||||||||||||
Property | 21.02 | King Office | 0.3% | 1961 | 2014 | 36,395 | Sq. Ft. | 77 | T-12 1/1/2014 | 1,049,582 | 708,296 | 341,286 | 12/31/2013 | 1,021,401 | 674,099 | |||||||||||||||||
Loan | 22 | Westbrook Plaza | 1.5% | 1973 | 2014 | 97,727 | Sq. Ft. | 153 | L(24), D(94), O(3) | T-12 4/30/2014 | 1,646,380 | 291,720 | 1,354,660 | 12/31/2013 | 1,629,508 | 295,634 | ||||||||||||||||
Loan | 23 | GreatStay Hotel Portfolio | 1.3% | Various | Various | 613 | Rooms | 21,892 | L(24), D(32), O(4) | T-12 3/31/2014 | 16,224,328 | 12,654,141 | 3,570,187 | 12/31/2013 | 16,580,606 | 12,517,938 | ||||||||||||||||
Property | 23.01 | Holiday Inn Uniontown | 0.7% | 1966 | 2005 | 178 | Rooms | 41,124 | T-12 3/31/2014 | 5,577,108 | 3,993,872 | 1,583,236 | 12/31/2013 | 6,032,902 | 4,069,915 | |||||||||||||||||
Property | 23.02 | Holiday Inn Indiana | 0.4% | 1965 | 2006 | 158 | Rooms | 23,291 | T-12 3/31/2014 | 4,280,164 | 2,815,163 | 1,465,001 | 12/31/2013 | 3,990,959 | 2,737,985 | |||||||||||||||||
Property | 23.03 | Holiday Inn Clarion | 0.2% | 1973 | 2008 | 121 | Rooms | 14,711 | T-12 3/31/2014 | 2,996,422 | 2,809,412 | 187,010 | 12/31/2013 | 3,287,763 | 2,697,085 | |||||||||||||||||
Property | 23.04 | Holiday Inn Beaver Falls | 0.1% | 1966 | 2006 | 156 | Rooms | 4,103 | T-12 3/31/2014 | 3,370,634 | 3,035,694 | 334,940 | 12/31/2013 | 3,268,982 | 3,012,953 | |||||||||||||||||
Loan | 24 | Country Manor West MHP | 1.2% | 1980 | NAP | 426 | Pads | 29,049 | L(24), D(94), O(3) | T-12 3/31/2014 | 1,813,350 | 569,985 | 1,243,365 | 12/31/2013 | 1,777,657 | 545,908 | ||||||||||||||||
Loan | 25 | Stonegate Park MHP | 1.2% | 1965 | NAP | 264 | Pads | 45,455 | L(24), D(91), O(5) | T-12 4/30/2014 | 1,733,047 | 766,003 | 967,044 | 12/31/2013 | 1,707,988 | 769,014 | ||||||||||||||||
Loan | 26 | Pueblo Del Sol MHP | 1.1% | 1971 | NAP | 453 | Pads | 23,179 | L(24), D(92), O(5) | T-12 4/30/2014 | 2,041,577 | 877,630 | 1,163,946 | 12/31/2013 | 2,076,815 | 985,374 | ||||||||||||||||
Loan | 27 | Hampton Inn Knoxville I-75 North | 0.9% | 2008 | 2012-2013 | 102 | Rooms | 91,176 | L(24), D(93), O(3) | T-12 3/31/2014 | 3,074,109 | 2,008,681 | 1,065,428 | 12/31/2013 | 3,109,079 | 2,033,481 | ||||||||||||||||
Loan | 28 | Pell City Limited Service Hotel Portfolio | 0.9% | Various | Various | 166 | Rooms | 53,976 | L(24), D(32), O(4) | T-12 1/31/2014 | 3,405,810 | 2,085,866 | 1,319,944 | 12/31/2013 | 3,421,603 | 2,102,474 | ||||||||||||||||
Property | 28.01 | Holiday Inn Express & Suites Pell City | 0.5% | 2006 | NAP | 91 | Rooms | 54,615 | T-12 1/31/2014 | 1,800,886 | 1,082,182 | 718,704 | 12/31/2013 | 1,816,663 | 1,092,173 | |||||||||||||||||
Property | 28.02 | Hampton Inn Pell City | 0.4% | 2001 | 2008, 2012-2013 | 75 | Rooms | 53,200 | T-12 1/31/2014 | 1,604,924 | 1,003,684 | 601,240 | 12/31/2013 | 1,604,940 | 1,010,301 | |||||||||||||||||
Loan | 29 | Kipling Apartments | 0.8% | 1928 | 2013 | 136 | Units | 60,294 | L(24), D(92), O(4) | T-12 4/30/2014 | 1,217,274 | 606,509 | 610,765 | 12/31/2013 | 1,122,647 | 631,630 | ||||||||||||||||
Loan | 30 | Jackson Village Shopping Center | 0.8% | 1981 | 2013 | 91,837 | Sq. Ft. | 89 | L(24), YM1(92), O(4) | T-12 3/31/2014 | 1,013,080 | 263,548 | 749,532 | 12/31/2013 | 1,004,310 | 269,617 | ||||||||||||||||
Loan | 31 | Richmond Valley Plaza | 0.8% | 2009 | NAP | 14,434 | Sq. Ft. | 554 | L(25), D(92), O(3) | 12/31/2013 | 687,898 | 106,536 | 581,362 | 12/31/2012 | 652,500 | 108,037 | ||||||||||||||||
Loan | 32 | Fairfield Inn Butler | 0.8% | 1996 | 2005 | 75 | Rooms | 106,513 | L(25), D(91), O(4) | T-12 2/28/2014 | 2,522,354 | 1,542,367 | 979,987 | 12/31/2013 | 2,492,743 | 1,529,929 | ||||||||||||||||
Loan | 33 | Bristol Village | 0.8% | 1978 | NAP | 25,074 | Sq. Ft. | 307 | L(25), D(91), O(4) | 12/31/2013 | 777,445 | 174,843 | 602,602 | 12/31/2012 | 798,111 | 210,211 | ||||||||||||||||
Loan | 34 | Candlewood Suites Syracuse Airport | 0.8% | 2003 | 2014 | 124 | Rooms | 62,097 | L(49), D(67), O(4) | T-12 3/31/2014 | 2,442,914 | 1,611,038 | 831,876 | 12/31/2013 | 2,456,182 | 1,579,114 | ||||||||||||||||
Loan | 35 | Crossroads Shopping Center | 0.8% | 1979 | 2009 | 139,702 | Sq. Ft. | 54 | L(24), YM1(92), O(4) | T-12 3/31/2014 | 1,098,003 | 274,881 | 823,122 | 12/31/2013 | 1,083,571 | 266,160 | ||||||||||||||||
Loan | 36 | College Corner & Whispering Pines | 0.7% | Various | Various | 214 | Units | 34,579 | L(24), D(33), O(3) | T-12 2/28/2014 | 1,294,579 | 604,810 | 689,769 | 12/31/2013 | 1,301,906 | 598,628 | ||||||||||||||||
Property | 36.01 | College Corner Apartments | 0.4% | 1975 | 2011 | 110 | Units | 34,545 | T-12 2/28/2014 | 600,293 | 262,590 | 337,703 | 12/31/2013 | 617,331 | 262,249 | |||||||||||||||||
Property | 36.02 | Whispering Pines | 0.4% | 1978 | 2008 | 104 | Units | 34,615 | T-12 2/28/2014 | 694,286 | 342,220 | 352,066 | 12/31/2013 | 684,575 | 336,379 | |||||||||||||||||
Loan | 37 | Walmart - Johnson City | 0.7% | 2010 | NAP | 132,242 | Sq. Ft. | 55 | L(25), D(92), O(3) | |||||||||||||||||||||||
Loan | 38 | Summit Commons(28) | 0.7% | 2009 | NAP | 51,718 | Sq. Ft. | 136 | L(24), D(33), O(3) | T-12 3/31/2014 | 879,643 | 250,682 | 628,961 | 12/31/2013 | 866,647 | 249,065 | ||||||||||||||||
Loan | 39 | Buckner Commons | 0.7% | 2003 | NAP | 55,845 | Sq. Ft. | 117 | L(24), D(91), O(5) | 12/31/2013 | 1,131,744 | 404,161 | 727,583 | 12/31/2012 | 1,100,089 | 412,857 | ||||||||||||||||
Loan | 40 | Waynesboro Industrial Building | 0.6% | 1976-1996 | 2013 | 475,000 | Sq. Ft. | 13 | L(24), D(33), O(3) | T-12 3/31/2014 | 1,324,493 | 395,382 | 929,110 | 12/31/2013 | 1,037,140 | 315,696 | ||||||||||||||||
Loan | 41 | Unisource | 0.6% | 1991 | 1997 | 83,125 | Sq. Ft. | 66 | L(24), D(92), O(4) | T-12 3/31/2014 | 563,449 | 18,401 | 545,048 | 12/31/2013 | 560,747 | 18,371 | ||||||||||||||||
Loan | 42 | Intermex | 0.5% | 1994 | 2005 | 25,420 | Sq. Ft. | 209 | L(24), D(93), O(3) | 12/31/2013 | 840,612 | 111,730 | 728,883 | 12/31/2012 | 828,108 | 109,188 | ||||||||||||||||
Loan | 43 | Crichton Shopping Center | 0.5% | 1954 | 1986 | 99,890 | Sq. Ft. | 51 | L(24), D(93), O(3) | T-12 4/30/2014 | 731,703 | 231,177 | 500,526 | 12/31/2013 | 683,583 | 228,368 | ||||||||||||||||
Loan | 44 | Pine Terrace Apartments | 0.4% | 1984 | 2014 | 148 | Units | 24,831 | L(24), D(83), O(13) | T-12 3/31/2014 | 987,425 | 608,780 | 378,644 | |||||||||||||||||||
Loan | 45 | Collingwood Gardens Apartments | 0.4% | 1979 | NAP | 197 | Units | 18,528 | L(24), D(93), O(3) | T-12 3/31/2014 | 1,220,360 | 723,279 | 497,081 | 12/31/2013 | 1,184,906 | 720,014 | ||||||||||||||||
Loan | 46 | Renaissance Apartments | 0.3% | 1997 | NAP | 24 | Units | 137,500 | L(25), D(91), O(4) | 12/31/2013 | 365,676 | 83,661 | 282,015 | 12/31/2012 | 346,434 | 126,273 | ||||||||||||||||
Loan | 47 | Madison Peebles Center | 0.3% | 2001 | NAP | 72,048 | Sq. Ft. | 43 | L(24), D(92), O(4) | 12/31/2013 | 643,352 | 196,911 | 446,441 | 12/31/2012 | 922,626 | 182,344 | ||||||||||||||||
Loan | 48 | Hocking Mall | 0.3% | 1979 | 2014 | 100,886 | Sq. Ft. | 30 | L(24), D(93), O(3) | 12/31/2013 | 399,573 | 122,948 | 276,624 | 12/31/2012 | 432,417 | 114,983 | ||||||||||||||||
Loan | 49 | Forest Grove | 0.2% | 1997 | NAP | 96 | Units | 25,729 | L(25), D(90), O(5) | 12/31/2013 | 553,487 | 304,566 | 248,921 | 12/31/2012 | 580,251 | 300,309 | ||||||||||||||||
A-1-5
COMM 2014-CCRE18
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | Second | Third Most | Third | Third | Third | |||||||||||||||||||||||||||||
Property | Initial Pool | Most Recent | Recent Operating | Most Recent | Most Recent | Most Recent | Underwritten NOI | Underwritten NCF | Underwritten | Underwritten | Underwritten | Underwritten | Underwritten | Underwritten | Underwritten | |||||||||||||||||||
Flag | ID | Property Name | Balance | NOI($) | Statements Date | EGI($) | Expenses($) | NOI($) | Debt Yield (11) | Debt Yield (11) | Revenue($) | EGI($) | Expenses($) | NOI ($) | Reserves($) | TI/LC($) | NCF ($) | |||||||||||||||||
Loan | 1 | Bronx Terminal Market(27)(31) | 13.5% | 27,601,540 | 12/31/2011 | 37,875,112 | 11,786,374 | 26,088,738 | 8.0% | 7.8% | 31,870,450 | 43,622,355 | 13,068,486 | 30,553,869 | 273,700 | 707,901 | 29,572,268 | |||||||||||||||||
Loan | 2 | Pacific Design Center(27)(28) | 9.5% | 13,586,224 | 12/31/2012 | 28,878,820 | 14,056,713 | 14,822,107 | 10.4% | 9.8% | 36,207,355 | 29,877,168 | 14,789,495 | 15,087,674 | 250,967 | 598,724 | 14,237,983 | |||||||||||||||||
Loan | 3 | Mellon Independence Center | 6.6% | 6,033,540 | 12/31/2012 | 14,354,200 | 9,752,192 | 4,602,008 | 9.4% | 8.6% | 16,693,406 | 15,445,602 | 9,316,051 | 6,129,551 | 107,713 | 359,043 | 5,662,796 | |||||||||||||||||
Loan | 4 | Southfield Town Center(27) | 6.2% | 20,464,296 | 12/31/2011 | 38,241,473 | 18,447,414 | 19,794,059 | 12.5% | 11.6% | 34,168,534 | 36,417,039 | 18,641,850 | 17,775,190 | 538,086 | 833,591 | 16,403,513 | |||||||||||||||||
Loan | 5 | City Place Midtown Apartments | 4.9% | 2,658,758 | 12/31/2012 | 3,769,574 | 1,304,516 | 2,465,058 | 7.9% | 7.7% | 6,225,780 | 6,292,814 | 2,483,206 | 3,809,608 | 70,250 | 3,739,358 | ||||||||||||||||||
Loan | 6 | Hampton Inn & Suites - Gulf Front | 3.6% | 4,123,440 | 12/31/2012 | 7,730,474 | 4,191,131 | 3,539,343 | 11.1% | 10.2% | 8,063,885 | 8,271,090 | 4,268,573 | 4,002,517 | 330,844 | 3,671,673 | ||||||||||||||||||
Loan | 7 | UNH & UME Student Housing Portfolio(32) | 3.6% | 3,269,685 | 9.3% | 8.9% | 7,517,268 | 7,267,882 | 3,919,041 | 3,348,841 | 142,800 | 3,206,041 | ||||||||||||||||||||||
Property | 7.01 | UNH Student Housing Portfolio | 2.0% | 1,787,274 | 4,011,744 | 4,015,484 | 2,208,882 | 1,806,602 | 92,400 | 1,714,202 | ||||||||||||||||||||||||
Property | 7.02 | UME Student Housing Portfolio | 1.6% | 1,482,411 | 3,505,524 | 3,252,399 | 1,710,159 | 1,542,239 | 50,400 | 1,491,839 | ||||||||||||||||||||||||
Loan | 8 | 399 Thornall Street | 3.5% | 6,186,939 | 12/31/2011 | 10,013,211 | 3,938,065 | 6,075,146 | 17.3% | 15.5% | 10,479,371 | 9,871,533 | 3,828,024 | 6,043,509 | 67,039 | 566,444 | 5,410,026 | |||||||||||||||||
Loan | 9 | Midwest Portfolio | 3.1% | 2,743,254 | 12/31/2012 | 4,627,616 | 2,114,727 | 2,512,889 | 8.9% | 8.2% | 4,872,163 | 4,778,577 | 2,068,974 | 2,709,603 | 196,764 | 2,512,839 | ||||||||||||||||||
Property | 9.01 | Garden Quarter | 1.1% | 1,079,452 | 12/31/2012 | 1,902,569 | 844,559 | 1,058,010 | 1,875,160 | 1,883,385 | 818,377 | 1,065,008 | 73,164 | 991,844 | ||||||||||||||||||||
Property | 9.02 | Oxford Court Apartments | 0.8% | 607,482 | 12/31/2012 | 902,043 | 444,402 | 457,641 | 1,099,158 | 1,037,681 | 428,361 | 609,320 | 48,398 | 560,922 | ||||||||||||||||||||
Property | 9.03 | Glacier Hills Apartments | 0.7% | 650,079 | 12/31/2012 | 1,065,819 | 450,021 | 615,798 | 1,115,000 | 1,120,024 | 474,563 | 645,460 | 44,991 | 600,470 | ||||||||||||||||||||
Property | 9.04 | Barrington Bridge | 0.4% | 406,240 | 12/31/2012 | 757,186 | 375,745 | 381,441 | 782,845 | 737,487 | 347,672 | 389,815 | 30,212 | 359,603 | ||||||||||||||||||||
Loan | 10 | Met Center 10 | 2.9% | 3,731,381 | 12/31/2011 | 4,863,492 | 1,304,899 | 3,558,593 | 10.5% | 9.3% | 3,905,874 | 4,465,317 | 1,385,887 | 3,079,430 | 114,048 | 232,996 | 2,732,386 | |||||||||||||||||
Loan | 11 | Doubletree Modesto | 2.6% | 3,420,729 | 12/31/2012 | 13,012,609 | 9,984,726 | 3,027,883 | 12.8% | 10.8% | 7,653,128 | 13,626,927 | 10,242,986 | 3,383,941 | 545,077 | 2,838,864 | ||||||||||||||||||
Loan | 12 | Deerfield Park Plaza | 2.3% | 1,983,740 | 12/31/2012 | 3,077,633 | 1,054,971 | 2,022,662 | 9.1% | 8.5% | 2,298,254 | 3,220,577 | 1,129,919 | 2,090,659 | 18,649 | 124,329 | 1,947,680 | |||||||||||||||||
Loan | 13 | Continental Automotive Systems | 2.1% | 8.2% | 8.0% | 1,898,530 | 2,204,945 | 488,613 | 1,716,332 | 37,971 | 1,678,361 | |||||||||||||||||||||||
Loan | 14 | University Town Center | 2.1% | 3,563,097 | 12/31/2012 | 5,854,264 | 2,076,711 | 3,777,553 | 15.3% | 14.3% | 4,480,008 | 5,292,831 | 2,123,703 | 3,169,128 | 35,385 | 176,923 | 2,956,820 | |||||||||||||||||
Loan | 15 | Meridian Corporate Center I & II | 2.0% | 1,028,778 | 12/31/2012 | 1,665,802 | 1,981,008 | -315,206 | 10.1% | 9.0% | 4,426,697 | 4,372,832 | 2,326,114 | 2,046,719 | 35,219 | 176,095 | 1,835,405 | |||||||||||||||||
Property | 15.01 | Meridian Corporate Center I | 1.0% | 122,189 | 12/31/2012 | 1,117,067 | 950,488 | 166,579 | 2,324,527 | 2,253,665 | 1,115,947 | 1,137,718 | 17,488 | 87,440 | 1,032,790 | |||||||||||||||||||
Property | 15.02 | Meridian Corporate Center II | 1.0% | 906,589 | 12/31/2012 | 548,735 | 1,030,520 | -481,785 | 2,102,170 | 2,119,167 | 1,210,167 | 909,001 | 17,731 | 88,655 | 802,616 | |||||||||||||||||||
Loan | 16 | Colonial Estates | 2.0% | 1,463,675 | 12/31/2012 | 2,034,992 | 616,556 | 1,418,436 | 8.1% | 8.0% | 2,405,724 | 2,183,063 | 601,164 | 1,581,899 | 16,300 | 1,565,599 | ||||||||||||||||||
Loan | 17 | 22 Exchange | 2.0% | 1,374,846 | 12/31/2012 | 3,720,334 | 2,252,255 | 1,468,079 | 7.4% | 7.1% | 3,765,974 | 3,629,851 | 2,185,773 | 1,444,078 | 45,916 | 18,788 | 1,379,374 | |||||||||||||||||
Loan | 18 | Pinnacle Ridge | 1.9% | 1,527,658 | 12/31/2012 | 3,074,362 | 1,563,643 | 1,510,719 | 8.5% | 8.2% | 3,158,520 | 3,347,211 | 1,717,450 | 1,629,761 | 60,384 | 1,569,376 | ||||||||||||||||||
Loan | 19 | GRM Los Angeles | 1.7% | 997,573 | 12/31/2011 | 1,237,594 | 284,653 | 952,941 | 9.7% | 9.3% | 1,702,220 | 1,930,709 | 330,105 | 1,600,604 | 25,533 | 34,044 | 1,541,026 | |||||||||||||||||
Loan | 20 | Sea View Senior Living(24)(29) | 1.6% | 1,739,067 | 12/31/2012 | 4,461,971 | 2,807,413 | 1,654,558 | 12.1% | 11.8% | 4,523,445 | 4,898,165 | 2,964,624 | 1,933,541 | 40,103 | 1,893,438 | ||||||||||||||||||
Loan | 21 | Pagoda Hotel & King Office | 1.5% | 2,365,737 | 12/31/2012 | 7,290,133 | 5,463,704 | 1,826,429 | 13.9% | 11.6% | 7,172,421 | 8,417,623 | 6,326,787 | 2,090,836 | 295,680 | 54,592 | 1,740,565 | |||||||||||||||||
Property | 21.01 | Pagoda Hotel | 1.2% | 2,018,434 | 12/31/2012 | 6,365,678 | 4,743,941 | 1,621,736 | 6,493,119 | 7,164,527 | 5,581,061 | 1,583,467 | 286,581 | 1,296,886 | ||||||||||||||||||||
Property | 21.02 | King Office | 0.3% | 347,302 | 12/31/2012 | 924,455 | 719,763 | 204,692 | 679,302 | 1,253,096 | 745,726 | 507,370 | 9,099 | 54,592 | 443,679 | |||||||||||||||||||
Loan | 22 | Westbrook Plaza | 1.5% | 1,333,874 | 12/31/2012 | 1,557,532 | 285,479 | 1,272,053 | 8.7% | 8.2% | 1,459,687 | 1,692,455 | 384,736 | 1,307,719 | 19,419 | 58,258 | 1,230,042 | |||||||||||||||||
Loan | 23 | GreatStay Hotel Portfolio | 1.3% | 4,062,668 | 12/31/2012 | 16,793,918 | 12,522,183 | 4,271,735 | 25.7% | 20.9% | 13,569,088 | 16,224,328 | 12,773,735 | 3,450,593 | 648,973 | 2,801,620 | ||||||||||||||||||
Property | 23.01 | Holiday Inn Uniontown | 0.7% | 1,962,987 | 12/31/2012 | 5,852,778 | 3,818,323 | 2,034,455 | 4,785,009 | 5,577,108 | 3,905,921 | 1,671,187 | 223,084 | 1,448,102 | ||||||||||||||||||||
Property | 23.02 | Holiday Inn Indiana | 0.4% | 1,252,974 | 12/31/2012 | 4,552,163 | 3,144,834 | 1,407,329 | 3,605,779 | 4,280,164 | 3,094,594 | 1,185,570 | 171,207 | 1,014,364 | ||||||||||||||||||||
Property | 23.03 | Holiday Inn Clarion | 0.2% | 590,678 | 12/31/2012 | 3,077,805 | 2,555,806 | 521,999 | 2,343,072 | 2,996,422 | 2,740,816 | 255,606 | 119,857 | 135,749 | ||||||||||||||||||||
Property | 23.04 | Holiday Inn Beaver Falls | 0.1% | 256,029 | 12/31/2012 | 3,311,172 | 3,003,220 | 307,952 | 2,835,228 | 3,370,634 | 3,032,404 | 338,230 | 134,825 | 203,405 | ||||||||||||||||||||
Loan | 24 | Country Manor West MHP | 1.2% | 1,231,749 | 12/31/2012 | 1,759,034 | 608,450 | 1,150,584 | 9.2% | 9.0% | 1,995,264 | 1,813,350 | 677,783 | 1,135,567 | 22,297 | 1,113,270 | ||||||||||||||||||
Loan | 25 | Stonegate Park MHP | 1.2% | 938,974 | 12/31/2012 | 1,663,878 | 783,890 | 879,988 | 7.8% | 7.7% | 1,641,113 | 1,733,047 | 796,172 | 936,876 | 14,531 | 922,345 | ||||||||||||||||||
Loan | 26 | Pueblo Del Sol MHP | 1.1% | 1,091,441 | 12/31/2012 | 2,079,714 | 1,020,822 | 1,058,892 | 9.7% | 9.4% | 3,036,281 | 1,963,906 | 949,144 | 1,014,762 | 24,648 | 990,114 | ||||||||||||||||||
Loan | 27 | Hampton Inn Knoxville I-75 North | 0.9% | 1,075,598 | 12/31/2012 | 3,230,956 | 2,000,547 | 1,230,409 | 11.5% | 10.5% | 3,053,968 | 3,074,109 | 2,008,681 | 1,065,428 | 91,618 | 973,809 | ||||||||||||||||||
Loan | 28 | Pell City Limited Service Hotel Portfolio | 0.9% | 1,319,129 | 12/31/2012 | 3,110,984 | 2,012,559 | 1,098,425 | 15.4% | 13.9% | 3,466,601 | 3,493,165 | 2,112,145 | 1,381,020 | 139,727 | 1,241,292 | ||||||||||||||||||
Property | 28.01 | Holiday Inn Express & Suites Pell City | 0.5% | 724,490 | 12/31/2012 | 1,744,791 | 1,044,658 | 700,133 | 1,835,660 | 1,854,138 | 1,097,569 | 756,569 | 74,166 | 682,403 | ||||||||||||||||||||
Property | 28.02 | Hampton Inn Pell City | 0.4% | 594,639 | 12/31/2012 | 1,366,193 | 967,901 | 398,292 | 1,630,941 | 1,639,027 | 1,014,576 | 624,451 | 65,561 | 558,889 | ||||||||||||||||||||
Loan | 29 | Kipling Apartments | 0.8% | 491,016 | 8.7% | 8.4% | 1,155,298 | 1,255,017 | 539,421 | 715,596 | 27,000 | 688,595 | ||||||||||||||||||||||
Loan | 30 | Jackson Village Shopping Center | 0.8% | 734,693 | 12/31/2012 | 949,650 | 206,268 | 743,382 | 9.1% | 8.4% | 843,437 | 1,002,664 | 254,334 | 748,330 | 18,367 | 44,082 | 685,881 | |||||||||||||||||
Loan | 31 | Richmond Valley Plaza | 0.8% | 544,463 | 12/31/2011 | 584,194 | 69,927 | 514,267 | 9.4% | 9.3% | 815,124 | 917,051 | 162,548 | 754,502 | 1,546 | 11,851 | 741,106 | |||||||||||||||||
Loan | 32 | Fairfield Inn Butler | 0.8% | 962,814 | 12/31/2012 | 2,497,342 | 1,480,735 | 1,016,607 | 12.5% | 11.3% | 2,469,761 | 2,522,354 | 1,522,471 | 999,883 | 100,894 | 898,988 | ||||||||||||||||||
Loan | 33 | Bristol Village | 0.8% | 587,900 | 8.1% | 7.8% | 690,281 | 938,414 | 317,765 | 620,649 | 5,516 | 12,537 | 602,596 | |||||||||||||||||||||
Loan | 34 | Candlewood Suites Syracuse Airport | 0.8% | 877,067 | 12/31/2012 | 2,408,795 | 1,575,919 | 832,876 | 11.6% | 10.3% | 2,385,012 | 2,446,030 | 1,556,389 | 889,641 | 97,841 | 791,800 | ||||||||||||||||||
Loan | 35 | Crossroads Shopping Center | 0.8% | 817,411 | 12/31/2012 | 1,090,981 | 213,833 | 877,148 | 10.6% | 9.3% | 1,012,150 | 1,087,367 | 290,637 | 796,731 | 37,720 | 62,866 | 696,145 | |||||||||||||||||
Loan | 36 | College Corner & Whispering Pines | 0.7% | 703,278 | 12/31/2012 | 1,332,325 | 588,228 | 744,097 | 10.0% | 9.3% | 1,415,820 | 1,340,903 | 599,236 | 741,667 | 53,500 | 688,167 | ||||||||||||||||||
Property | 36.01 | College Corner Apartments | 0.4% | 355,082 | 12/31/2012 | 666,693 | 282,252 | 384,441 | 699,240 | 602,558 | 255,602 | 346,956 | 27,500 | 319,456 | ||||||||||||||||||||
Property | 36.02 | Whispering Pines | 0.4% | 348,196 | 12/31/2012 | 665,632 | 305,976 | 359,656 | 716,580 | 738,345 | 343,634 | 394,711 | 26,000 | 368,711 | ||||||||||||||||||||
Loan | 37 | Walmart - Johnson City | 0.7% | 10.5% | 10.5% | 775,000 | 767,250 | 7,673 | 759,578 | 759,578 | ||||||||||||||||||||||||
Loan | 38 | Summit Commons(28) | 0.7% | 617,582 | 12/31/2012 | 936,761 | 232,202 | 704,560 | 10.3% | 9.9% | 896,148 | 966,052 | 243,505 | 722,547 | 10,344 | 18,048 | 694,156 | |||||||||||||||||
Loan | 39 | Buckner Commons | 0.7% | 687,232 | 12/31/2011 | 1,024,560 | 360,568 | 663,992 | 10.4% | 9.7% | 876,046 | 1,209,228 | 530,592 | 678,636 | 11,169 | 36,720 | 630,747 | |||||||||||||||||
Loan | 40 | Waynesboro Industrial Building | 0.6% | 721,444 | 15.4% | 12.8% | 1,377,500 | 1,364,030 | 386,170 | 977,859 | 71,250 | 95,000 | 811,609 | |||||||||||||||||||||
Loan | 41 | Unisource | 0.6% | 542,377 | 12/31/2012 | 585,408 | 22,163 | 563,245 | 10.0% | 9.3% | 576,888 | 566,707 | 17,817 | 548,890 | 8,313 | 30,008 | 510,569 | |||||||||||||||||
Loan | 42 | Intermex | 0.5% | 718,920 | 12/31/2011 | 808,752 | 177,083 | 631,669 | 8.9% | 8.4% | 551,050 | 599,281 | 125,478 | 473,802 | 3,050 | 25,420 | 445,332 | |||||||||||||||||
Loan | 43 | Crichton Shopping Center | 0.5% | 455,215 | 12/31/2012 | 699,812 | 215,170 | 484,642 | 11.0% | 9.3% | 715,962 | 808,474 | 247,414 | 561,061 | 25,971 | 59,936 | 475,153 | |||||||||||||||||
Loan | 44 | Pine Terrace Apartments | 0.4% | 12.2% | 11.0% | 980,856 | 1,019,010 | 572,140 | 446,869 | 44,400 | 402,469 | |||||||||||||||||||||||
Loan | 45 | Collingwood Gardens Apartments | 0.4% | 464,892 | 12/31/2012 | 1,089,716 | 734,757 | 354,959 | 12.8% | 11.1% | 1,233,957 | 1,202,812 | 736,883 | 465,929 | 59,100 | 406,829 | ||||||||||||||||||
Loan | 46 | Renaissance Apartments | 0.3% | 220,161 | 12/31/2011 | 368,660 | 151,397 | 217,263 | 8.4% | 8.1% | 355,800 | 435,141 | 157,698 | 277,443 | 9,240 | 268,203 | ||||||||||||||||||
Loan | 47 | Madison Peebles Center | 0.3% | 740,282 | 12/31/2011 | 846,843 | 194,298 | 652,545 | 10.6% | 9.2% | 410,418 | 535,012 | 207,085 | 327,927 | 15,130 | 28,819 | 283,978 | |||||||||||||||||
Loan | 48 | Hocking Mall | 0.3% | 317,434 | 12/31/2011 | 411,290 | 131,226 | 280,063 | 11.6% | 9.4% | 420,124 | 474,462 | 127,244 | 347,218 | 18,159 | 48,481 | 280,578 | |||||||||||||||||
Loan | 49 | Forest Grove | 0.2% | 279,942 | 12/31/2011 | 524,166 | 306,351 | 217,815 | 10.7% | 9.7% | 606,516 | 567,246 | 302,070 | 265,176 | 26,784 | 238,392 | ||||||||||||||||||
A-1-6
COMM 2014-CCRE18
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | ||||||||||||||||||||||||
Property | Initial Pool | Ownership | Ground Lease | Ground Lease | Lease | Lease | ||||||||||||||||||
Flag | ID | Property Name | Balance | Interest(15) | Expiration(15) | Extension Terms(15) | Largest Tenant (16)(18)(20) | SF | Expiration (17) | 2nd Largest Tenant (19)(20) | SF | Expiration (17) | ||||||||||||
Loan | 1 | Bronx Terminal Market(27)(31) | 13.5% | Leasehold | 09/13/2055 | 5 options, 10 years each | Target | 188,446 | 10/01/2033 | BJ’s Wholesale Club | 130,099 | 08/01/2029 | ||||||||||||
Loan | 2 | Pacific Design Center(27)(28) | 9.5% | Fee Simple | Interpublic Group | 211,961 | 01/31/2017 | Holly Hunt / Kneedler / Knoll | 41,768 | 04/30/2018 | ||||||||||||||
Loan | 3 | Mellon Independence Center | 6.6% | Fee Simple | Mellon Bank | 153,194 | 12/31/2015 | Philadelphia Parking Authority | 77,000 | 04/30/2038 | ||||||||||||||
Loan | 4 | Southfield Town Center(27) | 6.2% | Fee Simple | Fifth Third Bank | 105,041 | 08/31/2016 | AlixPartners | 66,286 | 12/31/2018 | ||||||||||||||
Loan | 5 | City Place Midtown Apartments | 4.9% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||
Loan | 6 | Hampton Inn & Suites - Gulf Front | 3.6% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||
Loan | 7 | UNH & UME Student Housing Portfolio(32) | 3.6% | Fee Simple | ||||||||||||||||||||
Property | 7.01 | UNH Student Housing Portfolio | 2.0% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||
Property | 7.02 | UME Student Housing Portfolio | 1.6% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||
Loan | 8 | 399 Thornall Street | 3.5% | Fee Simple | Daiichi Sankyo, Inc. | 121,190 | 10/31/2018 | Oracle Financial | 48,476 | 08/31/2018 | ||||||||||||||
Loan | 9 | Midwest Portfolio | 3.1% | Fee Simple | ||||||||||||||||||||
Property | 9.01 | Garden Quarter | 1.1% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||
Property | 9.02 | Oxford Court Apartments | 0.8% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||
Property | 9.03 | Glacier Hills Apartments | 0.7% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||
Property | 9.04 | Barrington Bridge | 0.4% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||
Loan | 10 | Met Center 10 | 2.9% | Fee Simple | PPD | 224,979 | 10/31/2024 | TDI | 120,621 | 09/30/2018 | ||||||||||||||
Loan | 11 | Doubletree Modesto | 2.6% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||
Loan | 12 | Deerfield Park Plaza | 2.3% | Fee Simple | The Tile Shop | 21,486 | 06/30/2017 | Barking Lot | 16,009 | 07/05/2018 | ||||||||||||||
Loan | 13 | Continental Automotive Systems | 2.1% | Fee Simple | Continental Automotive Systems, Inc | 379,706 | 04/30/2029 | NAP | NAP | NAP | ||||||||||||||
Loan | 14 | University Town Center | 2.1% | Fee Simple | Regal Royal Theatre | 67,450 | 05/31/2027 | FEMA | 54,497 | 03/31/2018 | ||||||||||||||
Loan | 15 | Meridian Corporate Center I & II | 2.0% | Fee Simple | ||||||||||||||||||||
Property | 15.01 | Meridian Corporate Center I | 1.0% | Fee Simple | Hitachi Data Systems | 61,426 | 02/29/2024 | RGN-Denver, LLC | 17,198 | 03/31/2015 | ||||||||||||||
Property | 15.02 | Meridian Corporate Center II | 1.0% | Fee Simple | TIC-The Industrial Company | 94,512 | 12/31/2019 | URL Integration, Inc. | 9,261 | 03/31/2017 | ||||||||||||||
Loan | 16 | Colonial Estates | 2.0% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||
Loan | 17 | 22 Exchange | 2.0% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||
Loan | 18 | Pinnacle Ridge | 1.9% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||
Loan | 19 | GRM Los Angeles | 1.7% | Fee Simple | GRM | 170,222 | 04/30/2029 | NAP | NAP | NAP | ||||||||||||||
Loan | 20 | Sea View Senior Living(24)(29) | 1.6% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||
Loan | 21 | Pagoda Hotel & King Office | 1.5% | Fee Simple/Leasehold | Various | None | ||||||||||||||||||
Property | 21.01 | Pagoda Hotel | 1.2% | Fee Simple/Leasehold | 04/30/2047 | None | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Property | 21.02 | King Office | 0.3% | Fee Simple/Leasehold | 04/30/2041 | None | Bank of Hawaii | 5,233 | 11/30/2019 | Charley’s Taxi | 3,725 | 05/31/2016 | ||||||||||||
Loan | 22 | Westbrook Plaza | 1.5% | Fee Simple | Saigon Supermarket | 57,716 | 05/31/2024 | La Veranda | 3,724 | 07/31/2017 | ||||||||||||||
Loan | 23 | GreatStay Hotel Portfolio | 1.3% | Fee Simple | ||||||||||||||||||||
Property | 23.01 | Holiday Inn Uniontown | 0.7% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||
Property | 23.02 | Holiday Inn Indiana | 0.4% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||
Property | 23.03 | Holiday Inn Clarion | 0.2% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||
Property | 23.04 | Holiday Inn Beaver Falls | 0.1% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||
Loan | 24 | Country Manor West MHP | 1.2% | Fee Simple/Leasehold | 05/06/2044 | None | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||
Loan | 25 | Stonegate Park MHP | 1.2% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||
Loan | 26 | Pueblo Del Sol MHP | 1.1% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||
Loan | 27 | Hampton Inn Knoxville I-75 North | 0.9% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||
Loan | 28 | Pell City Limited Service Hotel Portfolio | 0.9% | Fee Simple | ||||||||||||||||||||
Property | 28.01 | Holiday Inn Express & Suites Pell City | 0.5% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||
Property | 28.02 | Hampton Inn Pell City | 0.4% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||
Loan | 29 | Kipling Apartments | 0.8% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||
Loan | 30 | Jackson Village Shopping Center | 0.8% | Fee Simple | The Kroger Company | 64,615 | 02/28/2027 | CVS Pharmacy Inc | 10,722 | 08/31/2015 | ||||||||||||||
Loan | 31 | Richmond Valley Plaza | 0.8% | Fee Simple | TD Bank | 4,100 | 06/30/2029 | Cabo Restaurant | 2,742 | 07/31/2021 | ||||||||||||||
Loan | 32 | Fairfield Inn Butler | 0.8% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||
Loan | 33 | Bristol Village | 0.8% | Fee Simple | McDonald’s | 5,000 | 05/31/2032 | Keiretsu Forum | 3,800 | 12/31/2014 | ||||||||||||||
Loan | 34 | Candlewood Suites Syracuse Airport | 0.8% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||
Loan | 35 | Crossroads Shopping Center | 0.8% | Fee Simple | Big Lot Stores Inc | 37,200 | 01/31/2019 | Beall’s Outlet Store | 25,398 | 01/31/2018 | ||||||||||||||
Loan | 36 | College Corner & Whispering Pines | 0.7% | Fee Simple | ||||||||||||||||||||
Property | 36.01 | College Corner Apartments | 0.4% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||
Property | 36.02 | Whispering Pines | 0.4% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||
Loan | 37 | Walmart - Johnson City | 0.7% | Fee Simple | Walmart | 132,242 | 07/21/2030 | NAP | NAP | NAP | ||||||||||||||
Loan | 38 | Summit Commons(28) | 0.7% | Fee Simple | Food Lion LLC | 34,928 | 12/08/2029 | Ninja Management | 2,080 | 08/31/2019 | ||||||||||||||
Loan | 39 | Buckner Commons | 0.7% | Fee Simple | Dollar Tree | 9,945 | 09/30/2018 | Shoe Show | 8,000 | 01/31/2016 | ||||||||||||||
Loan | 40 | Waynesboro Industrial Building | 0.6% | Fee Simple | CBI (Shaw) | 475,000 | 06/30/2018 | NAP | NAP | NAP | ||||||||||||||
Loan | 41 | Unisource | 0.6% | Fee Simple | Unisource Worldwide, Inc. | 83,125 | 05/31/2022 | NAP | NAP | NAP | ||||||||||||||
Loan | 42 | Intermex | 0.5% | Fee Simple | Intermex Wire Transfer, LLC | 25,420 | 11/30/2020 | NAP | NAP | NAP | ||||||||||||||
Loan | 43 | Crichton Shopping Center | 0.5% | Fee Simple | Greer’s Food | 19,981 | 12/31/2021 | J&J Furniture | 12,400 | 04/30/2016 | ||||||||||||||
Loan | 44 | Pine Terrace Apartments | 0.4% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||
Loan | 45 | Collingwood Gardens Apartments | 0.4% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||
Loan | 46 | Renaissance Apartments | 0.3% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||
Loan | 47 | Madison Peebles Center | 0.3% | Fee Simple | TSC | 26,123 | 10/30/2023 | Peebles | 22,570 | 12/31/2021 | ||||||||||||||
Loan | 48 | Hocking Mall | 0.3% | Fee Simple | Tractor Supply | 25,000 | 01/15/2021 | Goodwill Industries | 20,576 | 12/31/2017 | ||||||||||||||
Loan | 49 | Forest Grove | 0.2% | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||
A-1-7
COMM 2014-CCRE18
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | ||||||||||||||||||||||||||||
Property | Initial Pool | Lease | Lease | Lease | Occupancy | |||||||||||||||||||||||
Flag | ID | Property Name | Balance | 3rd Largest Tenant (16)(19)(20) | SF | Expiration (17) | 4th Largest Tenant (16) | SF | Expiration (17) | 5th Largest Tenant (19) | SF | Expiration (17) | Occupancy (5)(17)(19) | As-of Date | ||||||||||||||
Loan | 1 | Bronx Terminal Market(27)(31) | 13.5% | Home Depot | 124,955 | 02/01/2034 | Toys ‘R’ Us / Babies ‘R’ Us | 76,921 | 01/31/2020 | Burlington Coat Factory | 74,329 | 01/01/2028 | 99.3% | 04/01/2014 | ||||||||||||||
Loan | 2 | Pacific Design Center(27)(28) | 9.5% | Baker Knapp & Tubbs | 18,620 | 10/31/2024 | Kravet | 12,576 | 11/30/2017 | Janus | 13,317 | 08/31/2015 | 72.7% | 03/03/2014 | ||||||||||||||
Loan | 3 | Mellon Independence Center | 6.6% | Ross Dress for Less | 45,070 | 01/31/2022 | Internal Revenue Service | 44,450 | 08/31/2014 | Philadelphia Municipal Authority | 26,758 | 06/27/2015 | 84.9% | 03/31/2014 | ||||||||||||||
Loan | 4 | Southfield Town Center(27) | 6.2% | Brooks & Kushman | 45,359 | 12/31/2023 | Global Hue | 41,051 | 05/31/2016 | Microsoft | 40,437 | 11/30/2017 | 67.2% | 02/28/2014 | ||||||||||||||
Loan | 5 | City Place Midtown Apartments | 4.9% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 97.2% | 04/26/2014 | ||||||||||||||
Loan | 6 | Hampton Inn & Suites - Gulf Front | 3.6% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 78.3% | 04/30/2014 | ||||||||||||||
Loan | 7 | UNH & UME Student Housing Portfolio(32) | 3.6% | 98.6% | 04/17/2014 | |||||||||||||||||||||||
Property | 7.01 | UNH Student Housing Portfolio | 2.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 98.7% | 04/17/2014 | ||||||||||||||
Property | 7.02 | UME Student Housing Portfolio | 1.6% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 98.6% | 04/17/2014 | ||||||||||||||
Loan | 8 | 399 Thornall Street | 3.5% | WeiserMazars LLP | 24,638 | 01/31/2021 | Alfieri, LLC | 24,238 | 12/31/2027 | Grant Thornton, LLP | 16,075 | 09/30/2014 | 79.8% | 06/06/2014 | ||||||||||||||
Loan | 9 | Midwest Portfolio | 3.1% | 96.7% | 04/01/2014 | |||||||||||||||||||||||
Property | 9.01 | Garden Quarter | 1.1% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 99.5% | 04/01/2014 | ||||||||||||||
Property | 9.02 | Oxford Court Apartments | 0.8% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 94.2% | 04/01/2014 | ||||||||||||||
Property | 9.03 | Glacier Hills Apartments | 0.7% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 98.4% | 04/01/2014 | ||||||||||||||
Property | 9.04 | Barrington Bridge | 0.4% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 93.0% | 04/01/2014 | ||||||||||||||
Loan | 10 | Met Center 10 | 2.9% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 06/01/2014 | ||||||||||||||
Loan | 11 | Doubletree Modesto | 2.6% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 74.0% | 02/28/2014 | ||||||||||||||
Loan | 12 | Deerfield Park Plaza | 2.3% | State of IL (drivers licence facility) | 8,000 | 03/31/2017 | Hadassah | 7,670 | 03/31/2020 | Fresinius Medical | 7,500 | 03/31/2024 | 88.4% | 04/01/2014 | ||||||||||||||
Loan | 13 | Continental Automotive Systems | 2.1% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 06/06/2014 | ||||||||||||||
Loan | 14 | University Town Center | 2.1% | Old Dominion Brew House | 6,709 | 04/01/2018 | Carolina Kitchen | 6,004 | 03/05/2018 | BonChon Chicken | 4,512 | 12/31/2023 | 82.3% | 06/01/2014 | ||||||||||||||
Loan | 15 | Meridian Corporate Center I & II | 2.0% | 98.3% | 04/22/2014 | |||||||||||||||||||||||
Property | 15.01 | Meridian Corporate Center I | 1.0% | Oscar A Aguirre, M.D. | 6,961 | 10/31/2018 | RJH Consultants, Inc. | 6,760 | 10/15/2016 | A&I Financial Services | 6,512 | 12/31/2017 | 96.7% | 04/22/2014 | ||||||||||||||
Property | 15.02 | Meridian Corporate Center II | 1.0% | CHER, LLC | 5,234 | 03/31/2015 | The Solomon Foundation | 3,901 | 09/09/2016 | Foster Wheeler North America | 3,546 | 11/30/2014 | 100.0% | 04/22/2014 | ||||||||||||||
Loan | 16 | Colonial Estates | 2.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 88.7% | 04/01/2014 | ||||||||||||||
Loan | 17 | 22 Exchange | 2.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 92.4% | 03/31/2014 | ||||||||||||||
Loan | 18 | Pinnacle Ridge | 1.9% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 93.6% | 04/01/2014 | ||||||||||||||
Loan | 19 | GRM Los Angeles | 1.7% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 06/06/2014 | ||||||||||||||
Loan | 20 | Sea View Senior Living(24)(29) | 1.6% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 91.9% | 05/01/2014 | ||||||||||||||
Loan | 21 | Pagoda Hotel & King Office | 1.5% | Various | Various | |||||||||||||||||||||||
Property | 21.01 | Pagoda Hotel | 1.2% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 90.7% | 01/01/2014 | ||||||||||||||
Property | 21.02 | King Office | 0.3% | Savio Associates LLC | 3,015 | 06/30/2029 | Maui Divers of Hawaii | 2,625 | 07/31/2015 | Chez Kenzo Bar & Grill | 2,558 | 01/31/2018 | 86.9% | 06/04/2014 | ||||||||||||||
Loan | 22 | Westbrook Plaza | 1.5% | Dr. Kim Vo and Anne Nguyen | 3,339 | 02/29/2016 | Cafe Divang | 3,085 | 08/31/2014 | Nature’s Holistic | 2,547 | 12/31/2016 | 98.5% | 03/01/2014 | ||||||||||||||
Loan | 23 | GreatStay Hotel Portfolio | 1.3% | 63.8% | 03/31/2014 | |||||||||||||||||||||||
Property | 23.01 | Holiday Inn Uniontown | 0.7% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 72.9% | 03/31/2014 | ||||||||||||||
Property | 23.02 | Holiday Inn Indiana | 0.4% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 64.9% | 03/31/2014 | ||||||||||||||
Property | 23.03 | Holiday Inn Clarion | 0.2% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 57.8% | 03/31/2014 | ||||||||||||||
Property | 23.04 | Holiday Inn Beaver Falls | 0.1% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 56.8% | 03/31/2014 | ||||||||||||||
Loan | 24 | Country Manor West MHP | 1.2% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 89.7% | 05/09/2014 | ||||||||||||||
Loan | 25 | Stonegate Park MHP | 1.2% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 89.8% | 05/13/2014 | ||||||||||||||
Loan | 26 | Pueblo Del Sol MHP | 1.1% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 61.1% | 03/01/2014 | ||||||||||||||
Loan | 27 | Hampton Inn Knoxville I-75 North | 0.9% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 77.4% | 03/31/2014 | ||||||||||||||
Loan | 28 | Pell City Limited Service Hotel Portfolio | 0.9% | 61.2% | 03/31/2014 | |||||||||||||||||||||||
Property | 28.01 | Holiday Inn Express & Suites Pell City | 0.5% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 57.4% | 03/31/2014 | ||||||||||||||
Property | 28.02 | Hampton Inn Pell City | 0.4% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 65.9% | 03/31/2014 | ||||||||||||||
Loan | 29 | Kipling Apartments | 0.8% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 92.6% | 06/03/2014 | ||||||||||||||
Loan | 30 | Jackson Village Shopping Center | 0.8% | Tuesday Morning, Inc | 7,700 | 07/31/2016 | Sally Beauty Company | 1,600 | MTM | Lam Nguyen and Bao N | 1,400 | 05/31/2016 | 96.7% | 02/01/2014 | ||||||||||||||
Loan | 31 | Richmond Valley Plaza | 0.8% | Starbucks | 2,000 | 05/31/2023 | Casale Bakery | 1,450 | 07/31/2021 | Cigar Vault | 1,420 | 07/31/2021 | 100.0% | 04/01/2014 | ||||||||||||||
Loan | 32 | Fairfield Inn Butler | 0.8% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 77.7% | 02/28/2014 | ||||||||||||||
Loan | 33 | Bristol Village | 0.8% | Starbucks | 2,200 | 06/30/2024 | Del Taco | 2,160 | 07/31/2018 | Inka Grill | 2,103 | 04/30/2015 | 100.0% | 04/01/2014 | ||||||||||||||
Loan | 34 | Candlewood Suites Syracuse Airport | 0.8% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 72.2% | 03/31/2014 | ||||||||||||||
Loan | 35 | Crossroads Shopping Center | 0.8% | Moran Foods, Inc. | 15,953 | 02/28/2015 | Catosouth, LLC | 10,536 | 01/31/2016 | Kevin Hofkin | 10,000 | 07/31/2016 | 91.2% | 02/01/2014 | ||||||||||||||
Loan | 36 | College Corner & Whispering Pines | 0.7% | 91.6% | 03/14/2014 | |||||||||||||||||||||||
Property | 36.01 | College Corner Apartments | 0.4% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 84.5% | 03/14/2014 | ||||||||||||||
Property | 36.02 | Whispering Pines | 0.4% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 99.0% | 03/14/2014 | ||||||||||||||
Loan | 37 | Walmart - Johnson City | 0.7% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 06/06/2014 | ||||||||||||||
Loan | 38 | Summit Commons(28) | 0.7% | Summit Liquors | 1,250 | 04/30/2019 | Michael’s Cleaners | 1,240 | 04/30/2015 | Peking Wok | 1,220 | 05/31/2020 | 85.7% | 06/01/2014 | ||||||||||||||
Loan | 39 | Buckner Commons | 0.7% | Anna’s Linens | 7,400 | 01/31/2017 | Dots | 5,000 | 08/31/2018 | Simply Fashions | 4,500 | 12/31/2016 | 96.2% | 05/01/2014 | ||||||||||||||
Loan | 40 | Waynesboro Industrial Building | 0.6% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 06/06/2014 | ||||||||||||||
Loan | 41 | Unisource | 0.6% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 06/06/2014 | ||||||||||||||
Loan | 42 | Intermex | 0.5% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 06/06/2014 | ||||||||||||||
Loan | 43 | Crichton Shopping Center | 0.5% | Family Dollar | 11,966 | 01/31/2020 | Rainbow USA, Inc. | 10,725 | 01/31/2018 | KIMS Fashions and Beauty | 7,500 | 02/28/2019 | 100.0% | 04/01/2014 | ||||||||||||||
Loan | 44 | Pine Terrace Apartments | 0.4% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 93.2% | 04/15/2014 | ||||||||||||||
Loan | 45 | Collingwood Gardens Apartments | 0.4% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 98.5% | 05/19/2014 | ||||||||||||||
Loan | 46 | Renaissance Apartments | 0.3% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 95.8% | 02/07/2014 | ||||||||||||||
Loan | 47 | Madison Peebles Center | 0.3% | Great Lakes | 11,489 | 02/28/2017 | Snap Fitness | 4,500 | 10/31/2016 | TNT Tanning | 2,300 | 10/31/2017 | 96.9% | 04/24/2014 | ||||||||||||||
Loan | 48 | Hocking Mall | 0.3% | Peebles | 12,800 | 01/31/2024 | Sears | 8,510 | 11/30/2016 | Family Dollar | 7,560 | 12/31/2014 | 82.2% | 03/20/2014 | ||||||||||||||
Loan | 49 | Forest Grove | 0.2% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 91.7% | 03/04/2014 | ||||||||||||||
A-1-8
COMM 2014-CCRE18
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | Upfront | Monthly | Upfront | Monthly | Upfront | Monthly | Upfront | Monthly | Upfront | |||||||||||||||
Property | Initial Pool | Replacement | Replacement | TI/LC | TI/LC | Tax | Tax | Insurance | Insurance | Engineering | ||||||||||||||
Flag | ID | Property Name | Balance | Reserves($)(21) | Reserves ($)(22) | Reserves($)(21) | Reserves ($)(22) | Reserves($)(21) | Reserves ($)(22) | Reserves($)(21) | Reserves ($)(22) | Reserves($)(21) | ||||||||||||
Loan | 1 | Bronx Terminal Market(27)(31) | 13.5% | Springing | Springing | Springing | Springing | |||||||||||||||||
Loan | 2 | Pacific Design Center(27)(28) | 9.5% | 20,914 | 2,000,000 | 50,000 | 738,404 | 184,601 | 344,266 | 86,067 | ||||||||||||||
Loan | 3 | Mellon Independence Center | 6.6% | 108,150 | Springing | 5,566,205 | Springing | 288,253 | 144,126 | 171,764 | 34,353 | |||||||||||||
Loan | 4 | Southfield Town Center(27) | 6.2% | 9,400,000 | 44,841 | 12,600,000 | 179,362 | 2,259,860 | 360,991 | 48,470 | 48,470 | 277,438 | ||||||||||||
Loan | 5 | City Place Midtown Apartments | 4.9% | 5,854 | 550,000 | 91,667 | 42,912 | 10,728 | ||||||||||||||||
Loan | 6 | Hampton Inn & Suites - Gulf Front | 3.6% | 4.0% of prior month’s gross revenues | 54,343 | 7,763 | 107,483 | 15,355 | ||||||||||||||||
Loan | 7 | UNH & UME Student Housing Portfolio(32) | 3.6% | 204,000 | 11,900 | 254,167 | 104,167 | 51,636 | 13,076 | |||||||||||||||
Property | 7.01 | UNH Student Housing Portfolio | 2.0% | |||||||||||||||||||||
Property | 7.02 | UME Student Housing Portfolio | 1.6% | |||||||||||||||||||||
Loan | 8 | 399 Thornall Street | 3.5% | 5,587 | 1,087,160 | 42,000 | 167,644 | 83,822 | Springing | 30,688 | ||||||||||||||
Loan | 9 | Midwest Portfolio | 3.1% | 16,456 | 192,173 | 19,835 | 28,733 | 12,639 | 1,000,000 | |||||||||||||||
Property | 9.01 | Garden Quarter | 1.1% | |||||||||||||||||||||
Property | 9.02 | Oxford Court Apartments | 0.8% | |||||||||||||||||||||
Property | 9.03 | Glacier Hills Apartments | 0.7% | |||||||||||||||||||||
Property | 9.04 | Barrington Bridge | 0.4% | |||||||||||||||||||||
Loan | 10 | Met Center 10 | 2.9% | 9,504 | 2,484,772 | 19,417 | 269,292 | 53,858 | 2,792 | 1,686,119 | ||||||||||||||
Loan | 11 | Doubletree Modesto | 2.6% | 1/12 of 4.0% of prior year’s gross income | 1/12 of 4.0% of prior year’s income derived from leases | 102,258 | 34,086 | 143,813 | 11,063 | |||||||||||||||
Loan | 12 | Deerfield Park Plaza | 2.3% | 1,558 | 10,384 | 350,000 | 56,441 | 24,350 | 2,435 | |||||||||||||||
Loan | 13 | Continental Automotive Systems | 2.1% | 15,250 | 3,164 | 777,730 | 56,868 | 28,434 | 2,358 | 1,179 | 566,020 | |||||||||||||
Loan | 14 | University Town Center | 2.1% | 134,375 | Springing | 14,744 | 451,500 | 64,500 | Springing | 15,625 | ||||||||||||||
Loan | 15 | Meridian Corporate Center I & II | 2.0% | 2,935 | 14,675 | 124,341 | 62,171 | 4,965 | 2,483 | 27,968 | ||||||||||||||
Property | 15.01 | Meridian Corporate Center I | 1.0% | |||||||||||||||||||||
Property | 15.02 | Meridian Corporate Center II | 1.0% | |||||||||||||||||||||
Loan | 16 | Colonial Estates | 2.0% | 1,358 | 158,018 | 22,574 | 17,976 | 2,247 | ||||||||||||||||
Loan | 17 | 22 Exchange | 2.0% | 3,826 | 375,000 | Springing | 622,347 | 59,950 | 55,932 | 4,143 | 100,531 | |||||||||||||
Loan | 18 | Pinnacle Ridge | 1.9% | 6,167 | 147,111 | 49,037 | 13,536 | 6,768 | ||||||||||||||||
Loan | 19 | GRM Los Angeles | 1.7% | 2,128 | 13,788 | 13,788 | Springing | |||||||||||||||||
Loan | 20 | Sea View Senior Living(24)(29) | 1.6% | 3,342 | 40,960 | 5,120 | 9,000 | 3,000 | ||||||||||||||||
Loan | 21 | Pagoda Hotel & King Office | 1.5% | 24,640 | 4,549 | 139,000 | 23,167 | 57,750 | 7,219 | 1,695,495 | ||||||||||||||
Property | 21.01 | Pagoda Hotel | 1.2% | |||||||||||||||||||||
Property | 21.02 | King Office | 0.3% | |||||||||||||||||||||
Loan | 22 | Westbrook Plaza | 1.5% | 1,618 | 4,855 | 68,000 | 11,333 | 5,888 | 1,963 | 30,000 | ||||||||||||||
Loan | 23 | GreatStay Hotel Portfolio | 1.3% | 1/12 of 4.0% of prior year’s gross income | 220,750 | 33,000 | 44,820 | 11,205 | 157,000 | |||||||||||||||
Property | 23.01 | Holiday Inn Uniontown | 0.7% | |||||||||||||||||||||
Property | 23.02 | Holiday Inn Indiana | 0.4% | |||||||||||||||||||||
Property | 23.03 | Holiday Inn Clarion | 0.2% | |||||||||||||||||||||
Property | 23.04 | Holiday Inn Beaver Falls | 0.1% | |||||||||||||||||||||
Loan | 24 | Country Manor West MHP | 1.2% | 1,865 | 116,250 | 12,500 | 9,696 | 1,939 | 81,563 | |||||||||||||||
Loan | 25 | Stonegate Park MHP | 1.2% | 1,210 | 63,750 | 21,250 | 4,021 | 1,340 | ||||||||||||||||
Loan | 26 | Pueblo Del Sol MHP | 1.1% | 2,039 | 40,833 | 8,167 | 23,023 | 7,674 | ||||||||||||||||
Loan | 27 | Hampton Inn Knoxville I-75 North | 0.9% | 1/12 of 4.0% of prior year’s gross income | 57,860 | 9,643 | 30,599 | 2,354 | ||||||||||||||||
Loan | 28 | Pell City Limited Service Hotel Portfolio | 0.9% | 4.0% of prior month’s gross revenues | 42,050 | 5,256 | 2,597 | 2,597 | ||||||||||||||||
Property | 28.01 | Holiday Inn Express & Suites Pell City | 0.5% | |||||||||||||||||||||
Property | 28.02 | Hampton Inn Pell City | 0.4% | |||||||||||||||||||||
Loan | 29 | Kipling Apartments | 0.8% | 2,813 | 49,471 | 9,894 | Springing | |||||||||||||||||
Loan | 30 | Jackson Village Shopping Center | 0.8% | 2,908 | 3,673 | 54,640 | 10,928 | 18,533 | 2,648 | 10,000 | ||||||||||||||
Loan | 31 | Richmond Valley Plaza | 0.8% | 129 | 988 | 23,334 | 4,667 | 5,058 | 1,836 | |||||||||||||||
Loan | 32 | Fairfield Inn Butler | 0.8% | 4.0% of prior month’s gross revenues | 37,657 | 6,261 | 10,403 | 2,081 | 17,050 | |||||||||||||||
Loan | 33 | Bristol Village | 0.8% | 460 | 1,045 | 19,098 | 9,549 | 1,929 | Springing | 3,063 | ||||||||||||||
Loan | 34 | Candlewood Suites Syracuse Airport | 0.8% | 8,154 | 8,154 | 139,004 | 17,334 | 24,090 | 2,677 | |||||||||||||||
Loan | 35 | Crossroads Shopping Center | 0.8% | 2,328 | 5,239 | 53,229 | 10,646 | 43,281 | 6,183 | 36,461 | ||||||||||||||
Loan | 36 | College Corner & Whispering Pines | 0.7% | 4,458 | 47,729 | 9,184 | 11,397 | 3,122 | 57,565 | |||||||||||||||
Property | 36.01 | College Corner Apartments | 0.4% | |||||||||||||||||||||
Property | 36.02 | Whispering Pines | 0.4% | |||||||||||||||||||||
Loan | 37 | Walmart - Johnson City | 0.7% | Springing | Springing | |||||||||||||||||||
Loan | 38 | Summit Commons(28) | 0.7% | 862 | 25,000 | 1,480 | 63,704 | 12,741 | 6,889 | 574 | 16,284 | |||||||||||||
Loan | 39 | Buckner Commons | 0.7% | 931 | 5,166 | 108,177 | 21,635 | 7,119 | 3,559 | 35,110 | ||||||||||||||
Loan | 40 | Waynesboro Industrial Building | 0.6% | 5,938 | 7,917 | 15,500 | 3,333 | 39,964 | 6,920 | 240,625 | ||||||||||||||
Loan | 41 | Unisource | 0.6% | Springing | 2,500 | Springing | 1,621 | 540 | ||||||||||||||||
Loan | 42 | Intermex | 0.5% | 254 | 400,000 | 2,118 | 35,000 | 8,750 | Springing | 3,750 | ||||||||||||||
Loan | 43 | Crichton Shopping Center | 0.5% | 2,164 | 75,000 | 6,243 | 37,571 | 3,757 | 8,809 | 4,404 | 22,000 | |||||||||||||
Loan | 44 | Pine Terrace Apartments | 0.4% | 47,100 | 3,700 | 21,503 | 3,072 | Springing | ||||||||||||||||
Loan | 45 | Collingwood Gardens Apartments | 0.4% | 4,925 | 10,857 | 2,171 | 7,303 | 22,313 | ||||||||||||||||
Loan | 46 | Renaissance Apartments | 0.3% | 28,815 | 770 | 414 | 5,034 | 5,034 | 891 | 891 | 8,250 | |||||||||||||
Loan | 47 | Madison Peebles Center | 0.3% | 1,261 | 50,000 | 2,402 | 36,917 | 7,383 | 5,937 | 848 | 9,375 | |||||||||||||
Loan | 48 | Hocking Mall | 0.3% | 1,554 | 42,500 | 2,774 | 2,831 | 23,309 | 5,047 | 13,500 | ||||||||||||||
Loan | 49 | Forest Grove | 0.2% | 2,232 | 11,542 | 2,886 | Springing | 2,594 | ||||||||||||||||
A-1-9
COMM 2014-CCRE18
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | Other | |||||||||
Property | Initial Pool | Other | Reserves | |||||||
Flag | ID | Property Name | Balance | Reserves ($)(21)(22)(23) | Description (21)(23) | |||||
Loan | 1 | Bronx Terminal Market(27)(31) | 13.5% | Springing | Ground Rent Reserve (Monthly: Springing) | |||||
Loan | 2 | Pacific Design Center(27)(28) | 9.5% | |||||||
Loan | 3 | Mellon Independence Center | 6.6% | Springing | Contemplated Improvement Reserve (Springing) | |||||
Loan | 4 | Southfield Town Center(27) | 6.2% | 6,376,553 | Existing Leases Reserve (Upfront: 3,991,751); Free Rent Reserve (Upfront: 2,384,802) | |||||
Loan | 5 | City Place Midtown Apartments | 4.9% | |||||||
Loan | 6 | Hampton Inn & Suites - Gulf Front | 3.6% | 165,000 | Seasonality Reserve (Upfront: 165,000; Monthly: Springing) | |||||
Loan | 7 | UNH & UME Student Housing Portfolio(32) | 3.6% | |||||||
Property | 7.01 | UNH Student Housing Portfolio | 2.0% | |||||||
Property | 7.02 | UME Student Housing Portfolio | 1.6% | |||||||
Loan | 8 | 399 Thornall Street | 3.5% | |||||||
Loan | 9 | Midwest Portfolio | 3.1% | |||||||
Property | 9.01 | Garden Quarter | 1.1% | |||||||
Property | 9.02 | Oxford Court Apartments | 0.8% | |||||||
Property | 9.03 | Glacier Hills Apartments | 0.7% | |||||||
Property | 9.04 | Barrington Bridge | 0.4% | |||||||
Loan | 10 | Met Center 10 | 2.9% | 147,252 | Parking Lot Reserve (Upfront: 112,500, Monthly: Springing); Free Rent Reserve (Upfront: 34,752, Monthly: 20,000); Lease Sweep Reserve (Springing Monthly: Excess Cash Flow) | |||||
Loan | 11 | Doubletree Modesto | 2.6% | |||||||
Loan | 12 | Deerfield Park Plaza | 2.3% | Springing | Tile Shop Reserve (Springing Monthly: Excess Cash Flow) | |||||
Loan | 13 | Continental Automotive Systems | 2.1% | 308,000 | Rent Holdback Reserve (Upfront: 308,000); Lease Sweep Reserve (Springing Monthly: Excess Cash Flow) | |||||
Loan | 14 | University Town Center | 2.1% | Springing | Occupancy Reserve (Springing Monthly: Excess Cash Flow) | |||||
Loan | 15 | Meridian Corporate Center I & II | 2.0% | 49,320 | Free Rent Reserve (Upfront: 49,320); Major Tenant Reserve (Springing Monthly: Excess Cash Flow) | |||||
Property | 15.01 | Meridian Corporate Center I | 1.0% | |||||||
Property | 15.02 | Meridian Corporate Center II | 1.0% | |||||||
Loan | 16 | Colonial Estates | 2.0% | |||||||
Loan | 17 | 22 Exchange | 2.0% | 136,045 | Pronto Tenant Allowance Reserve (Upfront: 136,045) | |||||
Loan | 18 | Pinnacle Ridge | 1.9% | |||||||
Loan | 19 | GRM Los Angeles | 1.7% | |||||||
Loan | 20 | Sea View Senior Living(24)(29) | 1.6% | |||||||
Loan | 21 | Pagoda Hotel & King Office | 1.5% | 985,679 | Pagoda PIP (Upfront: 708,000); Ground Rent (Upfront: 212,679; Monthly: Springing); Seasonality (Upfront: 65,000; Monthly: Springing); Bank of Hawaii (Springing Monthly: Excess Cash) | |||||
Property | 21.01 | Pagoda Hotel | 1.2% | |||||||
Property | 21.02 | King Office | 0.3% | |||||||
Loan | 22 | Westbrook Plaza | 1.5% | |||||||
Loan | 23 | GreatStay Hotel Portfolio | 1.3% | 4,284,000 | PIP Reserve (Upfront: 4,000,000); Beaver Falls Renovation Reserve (Upfront: 284,000); Discretionary Improvement Reserve (Monthly: 50,000) | |||||
Property | 23.01 | Holiday Inn Uniontown | 0.7% | |||||||
Property | 23.02 | Holiday Inn Indiana | 0.4% | |||||||
Property | 23.03 | Holiday Inn Clarion | 0.2% | |||||||
Property | 23.04 | Holiday Inn Beaver Falls | 0.1% | |||||||
Loan | 24 | Country Manor West MHP | 1.2% | |||||||
Loan | 25 | Stonegate Park MHP | 1.2% | |||||||
Loan | 26 | Pueblo Del Sol MHP | 1.1% | |||||||
Loan | 27 | Hampton Inn Knoxville I-75 North | 0.9% | Springing | Seasonality Reserve (Monthly: Springing); PIP Reserve (One-time Springing: Guaranteed costs of PIP or 125% estimated costs for PIP) | |||||
Loan | 28 | Pell City Limited Service Hotel Portfolio | 0.9% | 1,600,000 | PIP Reserve (Upfront: 1,600,000) | |||||
Property | 28.01 | Holiday Inn Express & Suites Pell City | 0.5% | |||||||
Property | 28.02 | Hampton Inn Pell City | 0.4% | |||||||
Loan | 29 | Kipling Apartments | 0.8% | |||||||
Loan | 30 | Jackson Village Shopping Center | 0.8% | Springing | Occupancy Reserve (Springing Monthly: Excess Cash Flow) | |||||
Loan | 31 | Richmond Valley Plaza | 0.8% | |||||||
Loan | 32 | Fairfield Inn Butler | 0.8% | 1,137,011 | PIP Reserve (Upfront: 1,107,011); Seasonality Reserve (Upfront: 30,000; Monthly: Springing) | |||||
Loan | 33 | Bristol Village | 0.8% | Springing | Starbucks Reserve (One-time Springing) | |||||
Loan | 34 | Candlewood Suites Syracuse Airport | 0.8% | |||||||
Loan | 35 | Crossroads Shopping Center | 0.8% | Springing | Occupancy Reserve (Springing Monthly: Excess Cash Flow) | |||||
Loan | 36 | College Corner & Whispering Pines | 0.7% | |||||||
Property | 36.01 | College Corner Apartments | 0.4% | |||||||
Property | 36.02 | Whispering Pines | 0.4% | |||||||
Loan | 37 | Walmart - Johnson City | 0.7% | |||||||
Loan | 38 | Summit Commons(28) | 0.7% | |||||||
Loan | 39 | Buckner Commons | 0.7% | 192,086 | Dots Rollover (Upfront: 125,000); Louisiana Chicken Holdback (Upfront: 60,000); Rent Concession (Upfront: 7,086); Lease Sweep (Springing Monthly: Excess Cash Flow) | |||||
Loan | 40 | Waynesboro Industrial Building | 0.6% | |||||||
Loan | 41 | Unisource | 0.6% | |||||||
Loan | 42 | Intermex | 0.5% | Springing | Lease Sweep Reserve (Springing Monthly: Excess Cash Flow) | |||||
Loan | 43 | Crichton Shopping Center | 0.5% | |||||||
Loan | 44 | Pine Terrace Apartments | 0.4% | |||||||
Loan | 45 | Collingwood Gardens Apartments | 0.4% | |||||||
Loan | 46 | Renaissance Apartments | 0.3% | 100,000 | Commercial Tenant Holdback (Upfront: 100,000) | |||||
Loan | 47 | Madison Peebles Center | 0.3% | Springing | Anchor Tenant Rollover Reserve (Springing Monthly: Excess Cash Flow) | |||||
Loan | 48 | Hocking Mall | 0.3% | Springing | Major Lease Reserve (Springing Monthly: Excess Cash Flow) | |||||
Loan | 49 | Forest Grove | 0.2% | |||||||
A-1-10
COMM 2014-CCRE18
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | Environmental | |||||||||||||
Property | Initial Pool | Report | Engineering | Loan | ||||||||||
Flag | ID | Property Name | Balance | Date (25) | Report Date | Purpose | Sponsor | |||||||
Loan | 1 | Bronx Terminal Market(27)(31) | 13.5% | 01/08/2014 | 01/07/2014 | Refinance | The Related Companies, L.P. | |||||||
Loan | 2 | Pacific Design Center(27)(28) | 9.5% | 03/20/2014 | 03/28/2014 | Refinance | Charles Steven Cohen | |||||||
Loan | 3 | Mellon Independence Center | 6.6% | 04/09/2014 | 04/09/2014 | Acquisition | John Kusmiersky | |||||||
Loan | 4 | Southfield Town Center(27) | 6.2% | 04/03/2014 | 04/03/2014 | Acquisition | Michael Silberberg; Alfons Melohn; Dennis Platt; Ronnie Roz; Harry Jacobowitz | |||||||
Loan | 5 | City Place Midtown Apartments | 4.9% | 05/28/2014 | 05/19/2014 | Refinance | Jonathan Farb | |||||||
Loan | 6 | Hampton Inn & Suites - Gulf Front | 3.6% | 05/06/2014 | 05/05/2014 | Refinance | Innisfree Hotels | |||||||
Loan | 7 | UNH & UME Student Housing Portfolio(32) | 3.6% | Acquisition/Refinance | William B. Fideli; Timothy B. Wills | |||||||||
Property | 7.01 | UNH Student Housing Portfolio | 2.0% | 05/15/2014 | 04/17/2014 | |||||||||
Property | 7.02 | UME Student Housing Portfolio | 1.6% | 05/22/2014 | 04/17/2014 | |||||||||
Loan | 8 | 399 Thornall Street | 3.5% | 04/03/2014 | 04/03/2014 | Recapitalization | Michael Alfieri | |||||||
Loan | 9 | Midwest Portfolio | 3.1% | Refinance | Jacqueline A. Streit | |||||||||
Property | 9.01 | Garden Quarter | 1.1% | 06/09/2014 | 04/10/2014 | |||||||||
Property | 9.02 | Oxford Court Apartments | 0.8% | 06/09/2014 | 04/10/2014 | |||||||||
Property | 9.03 | Glacier Hills Apartments | 0.7% | 06/09/2014 | 04/10/2014 | |||||||||
Property | 9.04 | Barrington Bridge | 0.4% | 06/09/2014 | 04/10/2014 | |||||||||
Loan | 10 | Met Center 10 | 2.9% | 03/20/2014 | 03/20/2014 | Refinance | Lloyd Kendall | |||||||
Loan | 11 | Doubletree Modesto | 2.6% | 05/19/2014 | 04/15/2014 | Refinance | R-Roof Assets, LLC | |||||||
Loan | 12 | Deerfield Park Plaza | 2.3% | 06/13/2014 | 04/18/2014 | Refinance | David Dresdner; Sherwood Blitstein | |||||||
Loan | 13 | Continental Automotive Systems | 2.1% | 03/05/2014 | 03/04/2014 | Refinance | John R. Lawson, II; James C. Burnett | |||||||
Loan | 14 | University Town Center | 2.1% | 05/12/2014 | 05/08/2014 | Acquisition | BE Investments LLC | |||||||
Loan | 15 | Meridian Corporate Center I & II | 2.0% | Acquisition | Stoltz Real Estate Fund IV, L.P. | |||||||||
Property | 15.01 | Meridian Corporate Center I | 1.0% | 03/12/2014 | 03/12/2014 | |||||||||
Property | 15.02 | Meridian Corporate Center II | 1.0% | 03/12/2014 | 03/12/2014 | |||||||||
Loan | 16 | Colonial Estates | 2.0% | 04/23/2014 | 04/18/2014 | Refinance | Ross H. Partrich | |||||||
Loan | 17 | 22 Exchange | 2.0% | 03/04/2013 | 03/21/2013 | Acquisition | Behringer Harvard Opportunity REIT II, Inc. | |||||||
Loan | 18 | Pinnacle Ridge | 1.9% | 03/18/2014 | 03/17/2014 | Refinance | Dawn McNaught; Bryan Mellinger | |||||||
Loan | 19 | GRM Los Angeles | 1.7% | 03/13/2014 | 03/13/2014 | Refinance | Moishe Mana | |||||||
Loan | 20 | Sea View Senior Living(24)(29) | 1.6% | 05/23/2014 | 05/23/2014 | Refinance | Eric W. Jacobsen; Richard J. Carney; Linda Carney | |||||||
Loan | 21 | Pagoda Hotel & King Office | 1.5% | Acquisition/Refinance | Peter B. Savio | |||||||||
Property | 21.01 | Pagoda Hotel | 1.2% | 11/26/2013 | 12/02/2013 | |||||||||
Property | 21.02 | King Office | 0.3% | 01/29/2014 | 01/27/2014 | |||||||||
Loan | 22 | Westbrook Plaza | 1.5% | 06/10/2014 | 05/27/2014 | Refinance | Naftali Deutsch; Andrew Deutsch | |||||||
Loan | 23 | GreatStay Hotel Portfolio | 1.3% | Acquisition | Alfons Melohn | |||||||||
Property | 23.01 | Holiday Inn Uniontown | 0.7% | 05/15/2014 | 03/05/2014 | |||||||||
Property | 23.02 | Holiday Inn Indiana | 0.4% | 05/15/2014 | 03/05/2014 | |||||||||
Property | 23.03 | Holiday Inn Clarion | 0.2% | 05/15/2014 | 03/05/2014 | |||||||||
Property | 23.04 | Holiday Inn Beaver Falls | 0.1% | 05/15/2014 | 03/05/2014 | |||||||||
Loan | 24 | Country Manor West MHP | 1.2% | 06/10/2014 | 04/11/2014 | Refinance | Frank T. Perano | |||||||
Loan | 25 | Stonegate Park MHP | 1.2% | 06/02/2014 | 04/09/2014 | Refinance | Paul S. Heath | |||||||
Loan | 26 | Pueblo Del Sol MHP | 1.1% | 06/11/2014 | 04/09/2014 | Refinance | Paul S. Heath | |||||||
Loan | 27 | Hampton Inn Knoxville I-75 North | 0.9% | 05/23/2014 | 05/09/2014 | Refinance | Edward F. Smith, Jr.; Regina M. Smith | |||||||
Loan | 28 | Pell City Limited Service Hotel Portfolio | 0.9% | Acquisition | James G. Doyle, trustee of Irrevocable Trust Agreement of Lawrence P. Doyle and Karen Doyle | |||||||||
Property | 28.01 | Holiday Inn Express & Suites Pell City | 0.5% | 04/11/2014 | 04/10/2014 | |||||||||
Property | 28.02 | Hampton Inn Pell City | 0.4% | 04/11/2014 | 04/10/2014 | |||||||||
Loan | 29 | Kipling Apartments | 0.8% | 03/19/2014 | 03/19/2014 | Refinance | Benjamin Nazarian; Neil Kadisha | |||||||
Loan | 30 | Jackson Village Shopping Center | 0.8% | 05/06/2014 | 04/23/2014 | Refinance | Herbert A. Tobin | |||||||
Loan | 31 | Richmond Valley Plaza | 0.8% | 01/15/2014 | 01/16/2014 | Refinance | Antonio Mandara; Emil Branchinelli; Alice Noce; Augusto Mandara; Joseph Noce; John Noce | |||||||
Loan | 32 | Fairfield Inn Butler | 0.8% | 03/10/2014 | 03/10/2014 | Refinance | Brett C. Moody | |||||||
Loan | 33 | Bristol Village | 0.8% | 04/16/2014 | 04/17/2014 | Acquisition | The Festival Companies | |||||||
Loan | 34 | Candlewood Suites Syracuse Airport | 0.8% | 05/08/2014 | 04/22/2014 | Refinance | James P. McKenna; Jeffrey H. Booher | |||||||
Loan | 35 | Crossroads Shopping Center | 0.8% | 04/28/2014 | 04/23/2014 | Refinance | Herbert A. Tobin | |||||||
Loan | 36 | College Corner & Whispering Pines | 0.7% | Refinance | Paxton A. Schneider; David F. Atkins; Mark C. Atkins | |||||||||
Property | 36.01 | College Corner Apartments | 0.4% | 04/04/2014 | 04/04/2014 | |||||||||
Property | 36.02 | Whispering Pines | 0.4% | 04/04/2014 | 04/04/2014 | |||||||||
Loan | 37 | Walmart - Johnson City | 0.7% | 03/28/2014 | 04/21/2014 | Acquisition | Jeffrey N. Allen | |||||||
Loan | 38 | Summit Commons(28) | 0.7% | 01/08/2014 | 01/06/2014 | Refinance | Gary J. Davies; David P. Hill | |||||||
Loan | 39 | Buckner Commons | 0.7% | 03/12/2014 | 03/12/2014 | Acquisition | Aly Hussaini; Karim Peermohammed; Sadruddin Sarfani; Karim Nooruddin; Mahmood Ali | |||||||
Loan | 40 | Waynesboro Industrial Building | 0.6% | 05/21/2014 | 04/08/2014 | Refinance | Ted Etheredge | |||||||
Loan | 41 | Unisource | 0.6% | 04/21/2014 | 04/21/2014 | Refinance | Michael P. Ibe | |||||||
Loan | 42 | Intermex | 0.5% | 03/21/2014 | 03/24/2014 | Acquisition | George Dancea | |||||||
Loan | 43 | Crichton Shopping Center | 0.5% | 04/25/2014 | 04/22/2014 | Refinance | Arthur B. Cornfeld; David R. Topping; Alan E. Fisher | |||||||
Loan | 44 | Pine Terrace Apartments | 0.4% | 05/02/2014 | 04/09/2014 | Acquisition | CF Asset Management LLC | |||||||
Loan | 45 | Collingwood Gardens Apartments | 0.4% | 04/18/2014 | 04/18/2014 | Acquisition | Marvin Rubner | |||||||
Loan | 46 | Renaissance Apartments | 0.3% | 02/05/2014 | 02/05/2014 | Refinance | Bahram Cohanim; Porta Lee Cohanim | |||||||
Loan | 47 | Madison Peebles Center | 0.3% | 05/14/2014 | 02/14/2014 | Refinance | Matthew J. McGill; Nancy J. McGill | |||||||
Loan | 48 | Hocking Mall | 0.3% | 03/31/2014 | 03/31/2014 | Refinance | Alan B. Wolpert; Melvin Schreiber | |||||||
Loan | 49 | Forest Grove | 0.2% | 11/05/2013 | 02/04/2014 | Refinance | Robert H. Turner | |||||||
A-1-11
COMM 2014-CCRE18
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | Existing | Future Debt | ||||||||||||
Property | Initial Pool | Additional Debt | Permitted | |||||||||||
Flag | ID | Property Name | Balance | Guarantor (26) | Amount (27)(28)(29) | Existing Additional Debt Description (27)(28)(29) | Type (30) | |||||||
Loan | 1 | Bronx Terminal Market(27)(31) | 13.5% | The Related Companies, L.P. | 245,000,000 | Pari Passu Debt | Mezzanine | |||||||
Loan | 2 | Pacific Design Center(27)(28) | 9.5% | Charles Steven Cohen | 70,000,000 | $50.0 Million Pari Passu Debt; $20.0 Million Mezzanine Debt | NAP | |||||||
Loan | 3 | Mellon Independence Center | 6.6% | John Kusmiersky | None | NAP | ||||||||
Loan | 4 | Southfield Town Center(27) | 6.2% | Michael Silberberg; Alfons Melohn; Dennis Platt; Ronnie Roz; Harry Jacobowitz | 80,000,000 | Pari Passu Debt | NAP | |||||||
Loan | 5 | City Place Midtown Apartments | 4.9% | Jonathan Farb | None | NAP | ||||||||
Loan | 6 | Hampton Inn & Suites - Gulf Front | 3.6% | Julian MacQueen | None | NAP | ||||||||
Loan | 7 | UNH & UME Student Housing Portfolio(32) | 3.6% | William B. Fideli; Timothy B. Wills | None | NAP | ||||||||
Property | 7.01 | UNH Student Housing Portfolio | 2.0% | |||||||||||
Property | 7.02 | UME Student Housing Portfolio | 1.6% | |||||||||||
Loan | 8 | 399 Thornall Street | 3.5% | Michael Alfieri | None | NAP | ||||||||
Loan | 9 | Midwest Portfolio | 3.1% | Jacqueline A. Streit | None | NAP | ||||||||
Property | 9.01 | Garden Quarter | 1.1% | |||||||||||
Property | 9.02 | Oxford Court Apartments | 0.8% | |||||||||||
Property | 9.03 | Glacier Hills Apartments | 0.7% | |||||||||||
Property | 9.04 | Barrington Bridge | 0.4% | |||||||||||
Loan | 10 | Met Center 10 | 2.9% | Lloyd Kendall | None | NAP | ||||||||
Loan | 11 | Doubletree Modesto | 2.6% | R-Roof Assets, LLC | None | NAP | ||||||||
Loan | 12 | Deerfield Park Plaza | 2.3% | David Dresdner; Sherwood Blitstein | None | NAP | ||||||||
Loan | 13 | Continental Automotive Systems | 2.1% | John R. Lawson, II; James C. Burnett | None | NAP | ||||||||
Loan | 14 | University Town Center | 2.1% | BE Investments LLC | None | NAP | ||||||||
Loan | 15 | Meridian Corporate Center I & II | 2.0% | Stoltz Real Estate Fund IV, L.P. | None | NAP | ||||||||
Property | 15.01 | Meridian Corporate Center I | 1.0% | |||||||||||
Property | 15.02 | Meridian Corporate Center II | 1.0% | |||||||||||
Loan | 16 | Colonial Estates | 2.0% | Ross H. Partrich | None | NAP | ||||||||
Loan | 17 | 22 Exchange | 2.0% | Behringer Harvard Opportunity REIT II, Inc. | None | NAP | ||||||||
Loan | 18 | Pinnacle Ridge | 1.9% | Dawn McNaught; Bryan Mellinger | None | NAP | ||||||||
Loan | 19 | GRM Los Angeles | 1.7% | Moishe Mana | None | NAP | ||||||||
Loan | 20 | Sea View Senior Living(24)(29) | 1.6% | Eric W. Jacobsen; Richard J. Carney; Linda Carney | 1,800,000 | $1.3 Million Subordinate Equity Secured Debt; $0.5 Million Subordinate Unsecured Debt | NAP | |||||||
Loan | 21 | Pagoda Hotel & King Office | 1.5% | Peter B. Savio | None | NAP | ||||||||
Property | 21.01 | Pagoda Hotel | 1.2% | |||||||||||
Property | 21.02 | King Office | 0.3% | |||||||||||
Loan | 22 | Westbrook Plaza | 1.5% | Naftali Deutsch; Andrew Deutsch | None | NAP | ||||||||
Loan | 23 | GreatStay Hotel Portfolio | 1.3% | Alfons Melohn | None | NAP | ||||||||
Property | 23.01 | Holiday Inn Uniontown | 0.7% | |||||||||||
Property | 23.02 | Holiday Inn Indiana | 0.4% | |||||||||||
Property | 23.03 | Holiday Inn Clarion | 0.2% | |||||||||||
Property | 23.04 | Holiday Inn Beaver Falls | 0.1% | |||||||||||
Loan | 24 | Country Manor West MHP | 1.2% | Frank T. Perano | None | NAP | ||||||||
Loan | 25 | Stonegate Park MHP | 1.2% | Paul S. Heath | None | NAP | ||||||||
Loan | 26 | Pueblo Del Sol MHP | 1.1% | Paul S. Heath | None | NAP | ||||||||
Loan | 27 | Hampton Inn Knoxville I-75 North | 0.9% | Edward F. Smith, Jr.; Regina M. Smith | None | NAP | ||||||||
Loan | 28 | Pell City Limited Service Hotel Portfolio | 0.9% | James G. Doyle, trustee of Irrevocable Trust Agreement of Lawrence P. Doyle and Karen Doyle | None | NAP | ||||||||
Property | 28.01 | Holiday Inn Express & Suites Pell City | 0.5% | |||||||||||
Property | 28.02 | Hampton Inn Pell City | 0.4% | |||||||||||
Loan | 29 | Kipling Apartments | 0.8% | Benjamin Nazarian; Neil Kadisha | None | NAP | ||||||||
Loan | 30 | Jackson Village Shopping Center | 0.8% | Herbert A. Tobin | None | NAP | ||||||||
Loan | 31 | Richmond Valley Plaza | 0.8% | Antonio Mandara; Emil Branchinelli; Alice Noce; Augusto Mandara; Joseph Noce; John Noce | None | NAP | ||||||||
Loan | 32 | Fairfield Inn Butler | 0.8% | Brett C. Moody | None | NAP | ||||||||
Loan | 33 | Bristol Village | 0.8% | Mark Schurgin | None | NAP | ||||||||
Loan | 34 | Candlewood Suites Syracuse Airport | 0.8% | James P. McKenna; Jeffrey H. Booher | None | NAP | ||||||||
Loan | 35 | Crossroads Shopping Center | 0.8% | Herbert A. Tobin | None | NAP | ||||||||
Loan | 36 | College Corner & Whispering Pines | 0.7% | Paxton A. Schneider; David F. Atkins; Mark C. Atkins | None | NAP | ||||||||
Property | 36.01 | College Corner Apartments | 0.4% | |||||||||||
Property | 36.02 | Whispering Pines | 0.4% | |||||||||||
Loan | 37 | Walmart - Johnson City | 0.7% | Jeffrey N. Allen | None | NAP | ||||||||
Loan | 38 | Summit Commons(28) | 0.7% | Gary J. Davies; David P. Hill | 3,850,000 | Mezzanine Debt | NAP | |||||||
Loan | 39 | Buckner Commons | 0.7% | Aly Hussaini; Karim Peermohammed; Sadruddin Sarfani; Karim Nooruddin; Mahmood Ali | None | NAP | ||||||||
Loan | 40 | Waynesboro Industrial Building | 0.6% | Ted Etheredge | None | NAP | ||||||||
Loan | 41 | Unisource | 0.6% | Michael P. Ibe | None | NAP | ||||||||
Loan | 42 | Intermex | 0.5% | George Dancea | None | NAP | ||||||||
Loan | 43 | Crichton Shopping Center | 0.5% | Arthur B. Cornfeld; David R. Topping; Alan E. Fisher | None | NAP | ||||||||
Loan | 44 | Pine Terrace Apartments | 0.4% | CF Asset Management LLC | None | NAP | ||||||||
Loan | 45 | Collingwood Gardens Apartments | 0.4% | Marvin Rubner | None | NAP | ||||||||
Loan | 46 | Renaissance Apartments | 0.3% | Bahram Cohanim; Porta Lee Cohanim | None | NAP | ||||||||
Loan | 47 | Madison Peebles Center | 0.3% | Matthew J. McGill; Nancy J. McGill | None | NAP | ||||||||
Loan | 48 | Hocking Mall | 0.3% | Alan B. Wolpert; Melvin Schreiber | None | NAP | ||||||||
Loan | 49 | Forest Grove | 0.2% | Robert H. Turner | None | NAP | ||||||||
A-1-12
FOOTNOTES TO ANNEX A-1
Loan numbers listed below refer to the ID number identified on Annex A-1 for the related Mortgage Loan.
(1) | CCRE—Cantor Commercial Real Estate Lending, L.P. or one of its affiliates; GACC—German American Capital Corporation or one of its affiliates; LCF—Ladder Capital Finance LLC or one of its affiliates; Natixis—Natixis Real Estate Capital LLC or one of its affiliates. |
(2) | CCRE—Cantor Commercial Real Estate Lending, L.P. or one of its affiliates; GACC—German American Capital Corporation or one of its affiliates; LCF—Ladder Capital Finance LLC or one of its affiliates; Natixis—Natixis Real Estate Capital LLC or one of its affiliates. |
(3) | Loan No. 1 - Bronx Terminal Market - The Original Balance and Cut-off Date Balance of $135.0 million represents the non-controlling Note A-4 ($40,000,000), Note A-5-2 ($55,000,000) and Note A-6 ($40,000,000) 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-3 in the original principal balance of $80.0 million and the non-controlling Note A-5-1 in the original principal balance of $25.0 million. The controlling Note A-1 and Note A-2 were included in the COMM 2014-CCRE17 mortgage trust. The non-controlling Note A-3 and Note A-5-1 were included in the COMM 2014-UBS3 mortgage trust. |
Loan No. 2 - Pacific Design Center - The Original Balance and Cut-off Date Balance of $95.0 million represent the controlling Note A-1 of a $145.0 million loan combination evidenced by two pari passu notes. The pari passu companion loan is the non-controlling Note A-2 in the original principal amount of $50.0 million, which was included in the WFCM 2014-LC16 mortgage trust. |
Loan No. 4 - Southfield Town Center - The Original Balance and Cut-off Date Balance of $62.0 million represents the non-controlling Note A-2 of a $142.0 million whole loan evidenced by two pari passu notes. The pari passu companion loan is the controlling Note A-1 in the original principal balance of $80.0 million, which was included in the COMM 2014-UBS3 mortgage trust. |
(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. 2 - Pacific Design Center - The number of units includes 659,568 sq. ft. of space leased by permanent tenants, 70,210 sq. ft. of Design Lab space on the second floor of the “Blue Building” that is currently occupied by art galleries and 274,090 sq. ft. of vacant space. The related borrower does not charge any rent to tenants occupying the Design Lab space, and considers the galleries an amenity to design tenants. If the Design Lab space is considered vacant, the occupancy of the Pacific Design Center Mortgaged Property as of March 3, 2014 was 65.7%. The number of units is comprised of 717,914 sq. ft. of design showroom space (including the 70,210 sq. ft. of design space), 278,813 sq. ft. of office space and 7,141 sq. ft. of storage and showcase space. |
Loan No. 11 - Doubletree Modesto - The Net Rentable Area and Occupancy for the Doubletree Modesto Mortgaged Property do not include 14 office suites totaling 58,697 sq. ft. or two retail suites totaling 2,757 sq. ft.
Loan No. 31 - Richmond Valley Plaza - The Richmond Valley Plaza Mortgaged Property has a 21,650 sq. ft. outparcel ground leased to TD Bank, but only the 4,100 sq. ft. improvements are included in the total sq. ft. Rent received from TD Bank is for the entire ground leased parcel.
Loan No. 46 - Renaissance Apartments - The Net Rentable Area and Occupancy for the Renaissance Apartments Mortgaged Property do not include four commercial suites totaling 4,970 sq. ft.
Loan No. 49 - Forest Grove - The Forest Grove Mortgaged Property is subject to a Low Income Housing Tax Credit (“LIHTC”) offered through the Tennessee Housing Development Agency. Under the LIHTC program, each of the units is restricted to prospective tenants who meet certain income requirements under the definitions of federal housing policy. These units have restricted rent levels associated with the LIHTC program.
A-1-13
(6) | The Administrative Fee Rate includes the respective per annum rates applicable to the calculation of the servicing fee, any 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 relates 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 Southfield Town Center Mortgage Loan will be 0.0700%. |
(7) | Loan Nos. 12, 13, 21, 22, 24 and 26 - Deerfield Park Plaza, Continental Automotive Systems, Pagoda Hotel & King Office, Westbrook Plaza, Country Manor West MHP and Pueblo Del Sol MHP - The First Payment Date under the related mortgage loan documents will be in August 2014. Each related Mortgage Loan Seller will remit to the depositor on the closing date a payment in an amount equal to 30 days of interest for the interest accrual period relating to the first distribution date in July 2014 at the related net mortgage pass-through rate on the Cut-off Date Balance of each of the related Mortgage Loans. Such amount will be included in the funds available for the first distribution date in July 2014. The First Payment Date, Original Term to Maturity or ARD, Remaining Term to Maturity or ARD, Remaining Interest Only Period and Prepayment Provisions have been adjusted to reflect this additional payment being made by the related Mortgage Loan Seller. |
(8) | Monthly Debt Service, Annual Debt Service, Pari Passu Companion Loan Monthly Debt Service, Pari Passu Companion Loan Annual Debt Service, Underwritten NOI DSCR and Underwritten NCF DSCR for Mortgage Loans or Companion Loans with partial interest only periods are shown based on the monthly debt service payment immediately following the expiration of the interest only period. |
(9) | “Hard” generally means, with respect to the Lockbox, that each tenant is required to transfer its rent directly to the lender-controlled lockbox account. However, with respect to hospitality properties, “Hard” means all credit card receipts are deposited directly into the lockbox by the card processing company and all over-the-counter cash and equivalents are deposited by the property manager or borrower into the lockbox. “Soft” means the borrower has established a lockbox account that will be under lender control and the borrower or property manager must collect rents from the tenants and then deposit those rents into such lockbox account. “Springing Soft” means that upon the occurrence of a trigger event (as specified in the related Mortgage Loan documents), the borrower is required to establish a lockbox account that will be under lender control and the borrower or property manager is required to collect rents from the tenants and then deposit those rents into such lockbox account. “Springing Hard” means that upon a trigger event (as specified in the related Mortgage Loan documents), each tenant will be required to transfer its rent directly to a lender-controlled lockbox. “Soft Springing Hard” means that the borrower has established a lockbox account that will be under lender control and the borrower or property manager must collect rents from the tenants and then deposit those rents into such lockbox account. Upon a trigger event (as specified in the related Mortgage Loan documents), each tenant will be required to transfer its rent directly into a lender-controlled lockbox. |
Loan No. 27 - Hampton Inn Knoxville I-75 North - Upon the commencement of a cash management period under Hampton Inn Knoxville I-75 North Loan documents, the lockbox will become hard. Upon the cessation of the first cash management period, the lockbox will become soft.
Loan No. 30 - Jackson Village Shopping Center - Upon the commencement of a cash trap period under Jackson Village Shopping Center Loan documents, the lockbox will become hard.
Loan No. 35 - Crossroads Shopping Center - Upon the commencement of a cash trap period under Crossroads Shopping Center Loan documents, the lockbox will become hard.
(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 Nos. 1, 2 and 4 - Bronx Terminal Market, Pacific Design Center and Southfield Town Center - The Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, |
A-1-14
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. The Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD for Southfield Town Center are calculated net of the $12,600,000 upfront TI/LC reserve and the $9,400,000 upfront replacement reserve. |
(12) | The grace periods noted under “Grace Period” reflect the number of days of grace before a payment default is an event of default. 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. 10 - Met Center 10 - Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD and Appraised Value are based on the “Prospective As-is” appraised value of $44.0 million. At closing, the borrower reserved approximately $4.2 million for outstanding landlord costs associated with interior remediation and tenant improvements and leasing expenses associated with the PPD lease renewal. |
Loan No. 17 - 22 Exchange - Cut-Off Date LTV Ratio, LTV Ratio at Maturity or ARD and Appraised Value are based on the “As Complete” appraised value as of October 15, 2014, of $28.35 million. The borrower has invested approximately $1.8 million since 2013 in deferred maintenance that includes façade work to the exterior of the building and has informed the lender that it expects the work to be finished by October 2014.
Loan No. 28 - Pell City Limited Service Hotel Portfolio - Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD and Appraised Value are based on the “As Renovated” appraised value of $12.8 million. At closing, the borrower reserved $1.6 million for outstanding PIP work at the properties.
(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 - 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. 7 - UNH & UME Student Housing Portfolio - At any time during the term of the UNH & UME Student Housing Portfolio Loan, the borrowers may obtain the release of the 10 Strafford Parcel and/or the 14 Strafford Parcel (both of which are located at the UNH Student Housing Property) provided that, among other things, (i) the UNH & UME Student Housing Portfolio Loan is prepaid in an amount equal to 120.0% of the Allocated Loan Amount and (ii) after giving effect to such release (a) the DSCR is greater than 1.35x and (b) the LTV ratio is less than 72.5%. The “Allocated Loan Amounts” are as follows: 10 Strafford Parcel - $825,000; 14 Strafford Parcel - $1,400,000. The 10 Strafford Parcel and the 14 Strafford Parcel contain 48 and 83 beds, respectively, and represent approximately 4.1% and 7.0%, respectively, of gross potential rent at UNH & UME Student Housing Portfolio Properties.
Loan No. 21 - Pagoda Hotel & King Office - Upon the exercise of a purchase option by the ground lessor at either or both of the Pagoda Hotel Mortgaged Property and the King Office Mortgaged Property, the related property must be released from the Pagoda Hotel & King Office Loan, provided that certain conditions for
A-1-15
release are satisfied as described in this Free Writing Prospectus under “Description of the Mortgage Pool—Certain Terms and Conditions of the Mortgage Loans—Property Releases.”
Loan No. 26 - Pueblo Del Sol MHP - On any date after 30 days following the closing date, upon the sale of any mobile home units currently owned by the borrower to a third party, the borrower may obtain the release of such units, provided that the borrower satisfies certain conditions for release described in this Free Writing Prospectus under “Description of the Mortgage Pool—Certain Terms and Conditions of the Mortgage Loans—Property Releases”.
Loan No. 28 - Pell City Limited Service Hotel Portfolio - After the expiration of the lockout period, the borrowers may obtain the release of one of Pell City Limited Service Hotel Portfolio Mortgaged Properties from the lien of the related mortgage upon a sale of such Pell City Limited Service Hotel 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 the lesser of the LTV ratio immediately prior to such release and 70%, (iii) the DSCR for the remaining property shall be no less than the greater of the DSCR immediately prior to such release and 2.12x and (iv) the borrowers will be required to defease an amount of principal equal to 120% of the allocated loan amount for the released property.
Loan No. 33 - Bristol Village - The Bristol Village Mortgage Loan may be prepaid freely at any time in connection with changes in laws or taxation that subject the lender to taxes or impose on the lender any conditions, including the imposition of reserves.
(15) | 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. 21 - Pagoda Hotel & King Office - A portion of The Pagoda Hotel Mortgaged Property is subject to a ground lease with an expiration of April 30, 2047 and no extension options. The current annual ground rent is $492,308. The ground rent will reset in May 2016 and adjust accordingly per the schedule specified in the ground lease. A portion of the King Office Mortgaged Property is subject to a ground lease with an expiration of April 30, 2041 and no extension options. The Lessor may terminate the lease on the last day of the calendar months between June 30, 2024 and April 30, 2029, with 90 days’ prior notice. The lessor may also terminate the ground lease on April 30, 2034 and April 30, 2039, with 6 months’ prior notice. The current annual ground rent is $145,733 and will reset on May 1, 2024 to the greater of (i) the then-current fair market rent or (ii) the product of 6.5% and the market value of the King Office Mortgaged Property as of that date.
Loan No. 24 - Country Manor West MHP - A portion of Country Manor West MHP Mortgaged Property is subject to a ground lease with an expiration of May 6, 2044 and no extension options. The current annual ground rent is $10.
(16) | The following tenants that occupy 5% or greater of the net rentable area at the related Mortgaged Property are borrower affiliates: |
Loan No. 8 - 399 Thornall Street - The 4th Largest Tenant, Alfieri, LLC, which is an affiliate of the borrower, leases 7.2% of the net rentable area at the 399 Thornall Street Mortgaged Property.
Loan No. 19 - GRM Los Angeles - The Largest Tenant, GRM, which is an affiliate of the borrower, leases 100.0% of the net rentable area at the GRM Los Angeles Mortgaged Property.
Loan No. 20 - Sea View Senior Living - The tenant-in-common borrowers, Sea View Assisted Living Community, LLC (“Sea View”) and Carney’s Sea View, LLC (together, the “TIC Borrowers”) executed an
A-1-16
operating lease between the TIC Borrowers, as lessor, and Sea View, as lessee, pursuant to which Sea View will operate the Mortgaged Property as a senior housing facility.
Loan No. 21 - Pagoda Hotel & King Office - The 3rd Largest Tenant at the King Office Mortgaged Property, Savio Associates LLC, which is an affiliate of the borrower, as well as other affiliates of the borrower, occupy a total of 10.1% of the net rentable area at the King Office Mortgaged Property under four separate leases.
(17) | 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. 2 - Pacific Design Center - A subsidiary of the Largest Tenant, Interpublic Group (211,961 sq. ft.), representing 21.1% of the net rentable area, has the right to terminate its tenant space by up to 16,175 sq. ft. provided that such tenant provides written notice by February 1, 2015 and pays a termination fee of $107,208.
Loan No. 3 - Mellon Independence Center - The 4th Largest Tenant, Internal Revenue Service may terminate its lease at any time upon 90 days’ prior written 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 written 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. 8 - 399 Thornall Street - The Largest Tenant, Daiichi Sankyo, Inc., has a termination option with respect to the 24,238 sq. ft. of space expiring May 31, 2024 in the event that the tenant enters into and commences on the term of a lease with the landlord for 100,000 sq. ft. or more of space in another building in the State of New Jersey.
Loan No. 10 - Met Center 10 - The 2nd Largest Tenant, TDI, has an ongoing termination right associated with appropriations; if state or federal funds become unavailable the tenant may terminate the lease. Additionally, TDI has a termination right exercisable on or after August 31, 2017 with 365 days notice should a state-approved lease consolidation facility or state-owned facility become available.
Loan No. 12 - Deerfield Park Plaza - The 3rd Largest Tenant, State of IL (drivers license facility), may terminate its lease at any time if it fails to receive the appropriate state funding or at any time, effective on the last day of any calendar month, with 90 days’ prior notice.
Loan No. 13 - Continental Automotive Systems - The single tenant, Continental Automotive Systems, Inc, may terminate its lease in the 10th year with written notice given by August 31, 2022 and payment of a termination fee of $2,135,453 by December 31, 2022.
Loan No. 14 - University Town Center - The Largest Tenant, Regal Royal Theatre, has a co-tenancy provision that permits the tenant to pay reduced rent, if for 180 days following written notice from the tenant there are fewer than five sit-down restaurants open for business and less than 60% of the balance of the then-constructed retail space (in no event to be less than 75,000 sq. ft.) is open for business at the project,
A-1-17
which includes the University Town Center Mortgaged Property and adjacent property that is not collateral for the University Town Center Loan. The co-tenancy provision permits the tenant to terminate the lease if the failure continues for one year beyond the initial 180 day period. By notice dated May 13, 2014, Regal Royal Theatre asserted that the restaurant requirement is not satisfied. The 5th Largest Tenant, BonChon Chicken, is expected to satisfy this restaurant requirement upon opening for business in July 2014. Per the University Town Center Loan documents, a cash flow sweep will commence upon the occurrence of a reduced rent period under the Regal Royal Theatre lease.
Loan No. 15 - Meridian Corporate Center I & II - The Largest Tenant at the Meridian Corporate Center I Mortgaged Property, Hitachi Data Systems has a one-time option to terminate its lease at the end of the 90th month of the term (August 31, 2020), upon nine months’ prior written notice and the payment of the unamortized cost of the landlord’s out of pocket expenses incurred in connection with the lease.
Loan No. 21 - Pagoda Hotel & King Office - The Largest Tenant at the King Office Mortgaged Property, Bank of Hawaii, has a one-time right to terminate its lease effective January 31, 2018 with written notice provided no later than January 31, 2017.
Loan No. 31 - Richmond Valley Plaza - The 3rd Largest Tenant, Starbucks, has a one-time right to terminate its lease effective July 31, 2016 with 120 days’ notice plus a termination fee equal to the unamortized tenant improvement and leasing commissions. The 4th Largest Tenant, Casale Bakery, may terminate its lease at any time with four months’ written notice.
Loan No. 33 - Bristol Village - The 3rd Largest Tenant, Starbucks may terminate its lease if substantial completion of its build-out does not occur by July 1, 2014, upon written notice.
Loan No. 42 - Intermex - The Single Tenant, Intermex Wire Transfer, LLC, has a one-time right to terminate its lease effective November 30, 2018 with written notice provided no later than February 28, 2018. In connection with the termination, the tenant is required to pay a termination fee of $175,000. Per the Intermex Loan documents, a full excess cash flow sweep will occur upon such termination.
Loan No. 43 - Crichton Shopping Center - The Largest Tenant, Greer’s Food (19,981 sq. ft.), representing 20.0% of the net rentable area, has the right to terminate its tenant space if a major food chain or major Dollar Store opens for business within a two mile radius of the property during the final five years of the lease (January 1, 2017 - December 31, 2021) by giving landlord one year’s written notice, which notice may not be given until after December 31, 2017. Such written notice may only be given if tenant’s cash flow has declined in the lease year immediately preceding the date of the written notice and such decline results in a negative cash flow for that period.
(18) | The following major tenants (listed on Annex A-1) are currently subleasing all or a significant portion of its leased space: |
Loan No. 2 - Pacific Design Center - A subsidiary of the Largest Tenant, Interpublic Group (211,961 sq. ft.), representing 21.1% of the net rentable area, subleases 2,466 sq. ft. of its space to third party tenants.
(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. 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.
Loan No. 14 - University Town Center - The 5th Largest Tenant, BonChon Chicken, has signed a lease for 4,512 sq. ft. The tenant is expected to open for business in July 2014.
Loan No. 33 - Bristol Village - The 3rd Largest Tenant, Starbucks has signed a ten-year lease for 2,200 sq. ft. on March 6, 2014. The tenant is expected to open for business in July 1, 2014.
Loan No. 38 - Summit Commons - The 2nd Largest Tenant, Ninja Management (2,080 sq. ft.) representing 4.0% of the net rentable area, has signed its lease and accepted its space but is not yet in occupancy.
A-1-18
Loan No. 47 - Madison Peebles Center - The 3rd Largest Tenant, Great Lakes, has signed a lease for 3,700 sq. ft. of expansion space. The tenant is currently occupying the space and is expected to pay rent in July 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. 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 $516,614 related to this free rent and operating expense abatement. Additionally, the borrowers reserved $1,832,190 related to free rent amounts for tenants not listed on Annex A-1.
Loan No. 10 - Met Center 10 - The Largest Tenant, PPD, has free rent under its lease for parking in October 2014 and half rent under its lease in July and August of each year in 2015 through 2019. Such free rent totals $1,085,106. At closing, the borrower deposited $34,752 and will deposit $20,000 on a monthly basis into a free rent reserve account (subject to a cap of $225,000). The funds in the free rent reserve will be released in July of 2014 and July and August of 2015 and 2016 pursuant to the free rent schedule in the loan documents. Due to the increases in base rent in the PPD and TDI, the 2nd Largest Tenant, leases, net cash flow accounting for the two half months of rent exceeds underwritten levels starting in 2017 so lender is only reserving free rent through 2016.
(21) | All upfront reserve balances reflect the upfront reserve amount at loan origination. The current balance may be less than the amount shown. |
(22) | All ongoing reserve balances reflect the ongoing reserve amount at loan origination. The current balance may be greater than or less than the amount shown. Monthly reserves required to be deposited in such accounts may be capped pursuant to the related Mortgage Loan documents. |
Loan No. 2 - Pacific Design Center - Monthly TI/LC reserve collections of $50,000 will begin six months from the origination of the Mortgage Loan. The TI/LC reserve collections will be capped at $3,000,000 until the Mortgaged Property reaches 85% occupancy, at which point the cap will be reduced to $2,000,000.
Loan No. 3 - Mellon Independence Center - On a monthly basis, the borrower is required to deposit (i) $9,013 into a capital reserve account if the amount in the capital reserve account falls below $108,150 until the cap of $108,150 is met an and (ii) $30,042 into a TI/LC reserve account beginning at such time the rollover reserve is reduced to $500,000 and continuing until a cap of $721,000 is met. Prior to the commencement of any individual lighting or improvement work that exceeds $600,000 individually; the borrower is required to deposit an amount equal to the lender-approved proposed cost of such individual project. The borrower may in lieu of deposits to such improvements reserve, deliver either (i) a construction bond or (ii) an acceptable letter of credit in the face amount of the required improvement reserve.
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. 6 - Hampton Inn & Suites - Gulf Front - The borrower will be required to make deposits into a seasonality reserve of $165,000, $290,000, $340,000 and $80,000 in June, July, August and September, respectively.
Loan No. 17 - 22 Exchange - On a monthly basis, the borrower is required to deposit $1,842 into a TI/LC reserve account if the account falls below $100,000 and until the cap of $100,000 is met.
A-1-19
Loan No. 22 - Westbrook Plaza - A “cash trap” into the TI/LC reserve will commence on September 30, 2022 unless the tenant under the Saigon lease or a replacement tenant extends the term of its lease prior to such date for a period of at least five years, subject to lender’s approval.
(23) | 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. 12 - Deerfield Park Plaza - To avoid commencement of an excess cash flow sweep related to the expiration of the Tile Shop lease, the borrower may deposit $250,000 or a letter of credit in the amount of $250,000.
Loan No. 14 - University Town Center - To avoid commencement of an excess cash flow sweep related to the expiration of certain tenants’ leases, the borrower may deposit an amount (or a letter of credit) such that the aggregate balance of the rollover reserve and occupancy reserve exceeds $1,650,000.
Loan No. 30 - Jackson Village Shopping Center - To avoid commencement of a cash management period triggered by a DSCR less than 1.20x, the mortgage loan documents permit the borrower to post a letter of credit in an amount such that if used to prepay down the outstanding principal balance of the loan would result in a DSCR of 1.20x. To avoid commencement of a lease trigger period as defined under the loan documents, the borrower may post a letter of credit in the amount of $200,000.
Loan No. 35 - Crossroads Shopping Center - To avoid commencement of a cash management period triggered by a DSCR less than 1.20x, the mortgage loan documents permit the borrower to post a letter of credit in an amount such that if used to prepay down the outstanding principal balance of the loan would result in a DSCR of 1.20x. To avoid commencement of a lease trigger period as defined under the loan documents, the borrower may post a letter of credit in the amount of $181,000.
(24) | Loan No. 20 - Sea View Senior Living - There is a proposed condemnation that would potentially take up 14.5 sq. ft. None of the improvements would be affected by the proposed taking. Based upon the appraiser’s concluded value of $450,000/acre for the outparcels, the potential land taken would be worth approximately $45,000 (0.6% of Mortgage Loan amount). |
(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 or any other concerns of the parties to the respective Mortgage Loan. For additional information, see “Risk Factors—Risks Related to the Mortgage Loans—Potential Issuing Entity Liability Related to a Materially Adverse Environmental Condition” in this Free Writing Prospectus. |
Loan No. | Mortgaged Property | Mortgaged Property Cut-off Date Balance | % of Initial Outstanding Pool Balance | Maximum Policy Amount | Premium Paid in Full | Policy Expiration Date | |||||||
3 | Mellon Independence Center | $65,500,000 | 6.6% | $15,000,000 | Yes | 4/29/2024 | |||||||
11 | Doubletree Modesto | $26,400,000 | 2.6% | $2,000,000 | Yes | 5/9/2022 | |||||||
12 | Deerfield Park Plaza | $23,000,000 | 2.3% | $2,000,000 | Yes | 6/12/2024 | |||||||
13 | Continental Automotive Systems | $21,000,000 | 2.1% | $5,000,000 | Yes | 6/11/2024 | |||||||
43 | Crichton Shopping Center | $5,100,000 | 0.5% | $3,000,000 | Yes | 5/23/2024 |
(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-1-20
(27) | Summary of Existing Pari Passu Debt |
Loan No. | Mortgage Loan | Mortgage Loan Cut-off Date Balance | Companion Loan Cut-off Date Balance | Loan Combination Cut- off Date Balance | Loan Combination U/W NCF DSCR | Loan Combination Cut-off Date LTV Ratio | Loan Combination U/W NOI Debt Yield | |||||||
1 | Bronx Terminal Market | $135,000,000 | $245,000,000 | $380,000,000 | 1.70x | 63.3 | % | 8.0% | ||||||
2 | Pacific Design Center | $95,000,000 | $50,000,000 | $145,000,000 | 1.55x | 46.8 | % | 10.4% | ||||||
4 | Southfield Town Center | $62,000,000 | $80,000,000 | $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 |
Loan No. | Mortgage Loan | Mortgage Loan Cut-off Date Balance | % of Initial Outstanding Pool Balance | Mezzanine Debt Cut-off Date Balance | Annual Interest Rate on Mezzanine Loan | Mezzanine Loan Maturity Date | Intercreditor Agreement | Total Debt Cut-off Date LTV Ratio | Total Debt U/W NCF DSCR | Total Debt U/W NOI Debt Yield | ||||||||||
2 | Pacific Design Center(1)(2) | $95,000,000 | 9.5% | $20,000,000 | 9.7500% | 7/11/2024 | Yes | 53.2%(3) | 1.27x(3) | 9.1%(3) | ||||||||||
38 | Summit Commons(4)(5) | $7,030,000 | 0.7% | $3,850,000 | 7.0000% | 9/6/2019 | Yes | 76.1% | 1.33x | 10.3% |
(1) | The related mezzanine loan is held by LCF or an affiliate thereof. |
(2) | The Cut-off Date Balance of the Pacific Design Center Loan Combination is $145,000,000. See” Description of the Mortgage Pool—Loan Combinations—The Pacific Design Center Loan Combination” in this free writing prospectus. |
(3) | Also reflects a $50,000,000 pari passu companion loan. |
(4) | The related mezzanine loan is held by Food Lion LLC, the largest tenant at the Mortgaged Property. The related mezzanine loan is payable only out of excess cash flow, to the extent available. |
(5) | As of May 9, 2014, there was $801,028 of accrued interest outstanding in addition to the principal balance of such mezzanine loan. |
(29) | Additional Debt Summary |
Loan No. | Mortgage Loan | Mortgage Loan Cut-off Date Balance | % of Initial Outstanding Pool Balance | Subordinate Debt Cut-off Date Balance | Annual Interest Rate on Subordinate Loan | Subordinate Loan Maturity Date | Intercreditor Agreement | Total Debt Cut-off Date LTV Ratio | Total Debt U/W NCF DSCR | Total Debt U/W NOI Debt Yield | ||||||||||
20 | Sea View Senior Living | $16,000,000 | 1.6% | $1,800,000(1) | (2) | (3) | No | (4) | (4) | (4) |
(1) | Consists of an unsecured subordinate $500,000 note payable by one of the TIC borrowers and a $1,300,000 note secured by a pledge of a 40.0012% non-preferred and non-controlling membership interest in Sea View Assisted Living Community, LLC payable by one of the owners of such TIC borrower. |
(2) | With respect to the $500,000 note payable, 12.0000%, and with respect to the $1,300,000 note payable, 9.0000%. |
(3) | Maturity date of 60 days following expiration of loan term for the $500,000 note and September 1, 2023 for the $1,300,000 note. |
(4) | The combined LTV Ratio, NCF DSCR and NOI Debt Yield of Mortgage Loan and both subordinate notes is 65.0%, 1.42x and 10.9%, respectively. |
(30) | Future Mezzanine Indebtedness Summary |
Loan No. | Mortgage Loan | Mortgage Loan Cut-off Date Balance | % of Initial Outstanding Pool Balance | Intercreditor Agreement Required | Combined Minimum DSCR | Combined Maximum LTV | Combined Debt Yield | |||||||
1 | Bronx Terminal Market(1) | $135,000,000 | 13.5% | Yes | 1.30x | 65.0% | NAP |
(1) | Mezzanine debt is permitted after April 15, 2017 provided, among other things per the loan documents, (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 the lesser of (a) $50,000,000 or (b) the amount that would result in (x) a combined LTV of less than or equal to 65.0% and (y) a combined DSCR greater than or equal to 1.30x. |
(31) | 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. |
A-1-21
(32) | Loan No. 7 - The UNH & UME Student Housing Portfolio Mortgage Loan is comprised of (a) 13 properties with the following addresses in Durham, New Hampshire: 2 Mill Pond Road; 2 Strafford Avenue; 10 Strafford Avenue; 14 Strafford Avenue; 8 Main Street; 10 Main Street; 9 Woodman Road; 22 Garrison Avenue; 42 Garrison Avenue; 22 Madbury Road; 24 Madbury Road; 33 Madbury Road; and 37 Madbury Road and (b) one property with the following address in Orono, Maine: 4 Empire Drive. |
A-1-22