FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-193376-10 | ||
COMM 2014-UBS5 | ||
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., UBS Securities LLC, Jefferies LLC, Citigroup Global Markets Inc., Drexel Hamilton, LLC, Guggenheim Securities, 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-UBS5 (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. | ||
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-UBS5 | ||||||||||||||||||||||||||||||||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||||||||||||||||||||||||||||||||
% of | Mortgage | Mortgage | Cut-off | General | Detailed | Interest | Original | Remaining | Original | Remaining | ||||||||||||||||||||||||||||||
Property | Initial Pool | # of | Loan | Loan | Original | Date | Maturity | Property | Property | Interest | Total | Additional | Administrative | Accrual | Term to | Term to | Amortization | Amortization | ||||||||||||||||||||||
Flag | ID | Property Name | Balance | Properties | Originator(1)(2) | Seller(1)(2) | Balance($)(3)(4)(5) | Balance($)(3)(4)(9) | or ARD Balance($)(7)(9) | Type(6) | Type(6) | Rate(7) | Strip | Strip | Fee Rate(8) | Basis | Maturity or ARD | Maturity or ARD | Term | Term | ||||||||||||||||||||
Loan | 1 | Loews Miami Beach Hotel (31) | 8.5% | 1 | GACC | GACC | 120,000,000 | 120,000,000 | 120,000,000 | Hospitality | Full Service | 4.1250% | 0.0150% | 0.0000% | 0.0150% | Actual/360 | 120 | 120 | 0 | 0 | ||||||||||||||||||||
Loan | 2 | Canyon Ranch Portfolio (31) | 5.3% | 2 | GECC | GECC | 75,000,000 | 75,000,000 | 68,222,762 | Hospitality | Full Service | 4.1300% | 0.0200% | 0.0000% | 0.0200% | Actual/360 | 120 | 120 | 360 | 360 | ||||||||||||||||||||
Property | 2.01 | Canyon Ranch - Tucson | 3.3% | 1 | GECC | GECC | 47,350,230 | 47,350,230 | Hospitality | Full Service | ||||||||||||||||||||||||||||||
Property | 2.02 | Canyon Ranch - Lenox | 2.0% | 1 | GECC | GECC | 27,649,770 | 27,649,770 | Hospitality | Full Service | ||||||||||||||||||||||||||||||
Loan | 3 | 30 Dunnigan | 4.6% | 1 | CCRE | CCRE | 65,000,000 | 64,892,075 | 47,851,469 | Industrial | Warehouse/Distribution | 4.5785% | 0.0350% | 0.0200% | 0.0150% | Actual/360 | 120 | 119 | 300 | 299 | ||||||||||||||||||||
Loan | 4 | Summit Rancho Bernardo (32)(34) | 4.5% | 1 | GACC | GACC | 64,000,000 | 64,000,000 | 59,188,301 | Office | CBD | 4.4234% | 0.0150% | 0.0000% | 0.0150% | Actual/360 | 120 | 120 | 360 | 360 | ||||||||||||||||||||
Loan | 5 | MarqE Entertainment Center | 4.5% | 1 | JLC | JLC | 63,200,000 | 63,200,000 | 58,796,015 | Retail | Anchored | 4.2200% | 0.0150% | 0.0000% | 0.0150% | Actual/360 | 60 | 57 | 360 | 360 | ||||||||||||||||||||
Loan | 6 | 6100 Wilshire (34) | 4.1% | 1 | UBSRES | UBSRES | 57,550,000 | 57,550,000 | 57,550,000 | Office | CBD | 4.9950% | 0.0150% | 0.0000% | 0.0150% | Actual/360 | 120 | 119 | 0 | 0 | ||||||||||||||||||||
Loan | 7 | State Farm Portfolio (31) | 3.9% | 14 | UBSRES | UBSRES | 55,500,000 | 55,500,000 | 55,500,000 | Office | Suburban | 4.6266% | 0.0150% | 0.0000% | 0.0150% | Actual/360 | 120 | 115 | 0 | 0 | ||||||||||||||||||||
Property | 7.01 | Charlottesville State Farm Office | 0.5% | 1 | UBSRES | UBSRES | 7,491,113 | 7,491,113 | Office | Suburban | ||||||||||||||||||||||||||||||
Property | 7.02 | Murfreesboro State Farm Office | 0.5% | 1 | UBSRES | UBSRES | 6,586,836 | 6,586,836 | Office | Suburban | ||||||||||||||||||||||||||||||
Property | 7.03 | Ballston Spa State Farm Office | 0.4% | 1 | UBSRES | UBSRES | 5,908,628 | 5,908,628 | Office | Suburban | ||||||||||||||||||||||||||||||
Property | 7.04 | Birmingham State Farm Office | 0.4% | 1 | UBSRES | UBSRES | 5,394,834 | 5,394,834 | Office | Suburban | ||||||||||||||||||||||||||||||
Property | 7.05 | Tulsa State Farm Office | 0.3% | 1 | UBSRES | UBSRES | 4,778,282 | 4,778,282 | Office | Suburban | ||||||||||||||||||||||||||||||
Property | 7.06 | Columbia State Farm Office | 0.3% | 1 | UBSRES | UBSRES | 4,757,730 | 4,757,730 | Office | Suburban | ||||||||||||||||||||||||||||||
Property | 7.07 | Jacksonville State Farm Office | 0.3% | 1 | UBSRES | UBSRES | 4,726,902 | 4,726,902 | Office | Suburban | ||||||||||||||||||||||||||||||
Property | 7.08 | Lincoln North State Farm Office | 0.2% | 1 | UBSRES | UBSRES | 3,473,246 | 3,473,246 | Office | Suburban | ||||||||||||||||||||||||||||||
Property | 7.09 | Greeley Central State Farm Office | 0.2% | 1 | UBSRES | UBSRES | 3,134,142 | 3,134,142 | Office | Suburban | ||||||||||||||||||||||||||||||
Property | 7.10 | New Albany State Farm Office | 0.2% | 1 | UBSRES | UBSRES | 2,682,003 | 2,682,003 | Office | Suburban | ||||||||||||||||||||||||||||||
Property | 7.11 | Lincoln South State Farm Office | 0.1% | 1 | UBSRES | UBSRES | 1,993,520 | 1,993,520 | Office | Suburban | ||||||||||||||||||||||||||||||
Property | 7.12 | Greeley South State Farm Office | 0.1% | 1 | UBSRES | UBSRES | 1,716,071 | 1,716,071 | Office | Suburban | ||||||||||||||||||||||||||||||
Property | 7.13 | Kalamazoo State Farm Office | 0.1% | 1 | UBSRES | UBSRES | 1,459,174 | 1,459,174 | Office | Suburban | ||||||||||||||||||||||||||||||
Property | 7.14 | Greeley North State Farm Office | 0.1% | 1 | UBSRES | UBSRES | 1,397,519 | 1,397,519 | Office | Suburban | ||||||||||||||||||||||||||||||
Loan | 8 | Quakerbridge | 3.4% | 1 | UBSRES | UBSRES | 48,000,000 | 48,000,000 | 42,766,225 | Office | Suburban | 5.3000% | 0.0150% | 0.0000% | 0.0150% | Actual/360 | 120 | 120 | 360 | 360 | ||||||||||||||||||||
Loan | 9 | Overland Park Marriott (29)(32) | 3.0% | 1 | JLC | JLC | 42,000,000 | 42,000,000 | 38,217,131 | Hospitality | Full Service | 5.2215% | 0.0150% | 0.0000% | 0.0150% | Actual/360 | 60 | 59 | 276 | 276 | ||||||||||||||||||||
Loan | 10 | Town Park Ravine I, II, III (34) | 2.9% | 3 | GECC | GECC | 41,137,500 | 41,137,500 | 37,564,188 | Office | Suburban | 4.3600% | 0.0150% | 0.0000% | 0.0150% | Actual/360 | 120 | 119 | 360 | 360 | ||||||||||||||||||||
Property | 10.01 | Town Park Ravine II | 1.0% | 1 | GECC | GECC | 14,666,413 | 14,666,413 | Office | Suburban | ||||||||||||||||||||||||||||||
Property | 10.02 | Town Park Ravine I | 1.0% | 1 | GECC | GECC | 14,165,609 | 14,165,609 | Office | Suburban | ||||||||||||||||||||||||||||||
Property | 10.03 | Town Park Ravine III | 0.9% | 1 | GECC | GECC | 12,305,478 | 12,305,478 | Office | Suburban | ||||||||||||||||||||||||||||||
Loan | 11 | 412 West 14th Street | 2.8% | 1 | GACC | GACC | 40,000,000 | 40,000,000 | 40,000,000 | Retail | Single Tenant | 4.6900% | 0.0150% | 0.0000% | 0.0150% | Actual/360 | 60 | 60 | 0 | 0 | ||||||||||||||||||||
Loan | 12 | Ellinwood Office Complex | 2.5% | 1 | Pillar | Pillar | 35,000,000 | 35,000,000 | 28,336,827 | Office | Suburban | 4.5400% | 0.0150% | 0.0000% | 0.0150% | Actual/360 | 120 | 120 | 360 | 360 | ||||||||||||||||||||
Loan | 13 | Ridgmar Mall (32) | 2.3% | 1 | JLC | JLC | 33,000,000 | 33,000,000 | 31,265,945 | Retail | Super Regional Mall | 4.0076% | 0.0150% | 0.0000% | 0.0150% | Actual/360 | 60 | 50 | 360 | 360 | ||||||||||||||||||||
Loan | 14 | Breakwater Hotel | 2.2% | 1 | Pillar | Pillar | 31,250,000 | 31,250,000 | 28,735,725 | Hospitality | Full Service | 4.8000% | 0.0150% | 0.0000% | 0.0150% | Actual/360 | 120 | 120 | 360 | 360 | ||||||||||||||||||||
Loan | 15 | Harwood Center (31)(34) | 2.1% | 1 | UBSRES | UBSRES | 30,000,000 | 30,000,000 | 26,382,788 | Office | CBD | 4.7000% | 0.0150% | 0.0000% | 0.0150% | Actual/360 | 120 | 118 | 360 | 360 | ||||||||||||||||||||
Loan | 16 | Seacourt Pavilion | 2.1% | 1 | UBSRES | UBSRES | 30,000,000 | 30,000,000 | 26,203,040 | Retail | Anchored | 4.4060% | 0.0150% | 0.0000% | 0.0150% | Actual/360 | 120 | 120 | 360 | 360 | ||||||||||||||||||||
Loan | 17 | Fairlane Meadows Apartments | 2.1% | 1 | CCRE | CCRE | 30,000,000 | 30,000,000 | 27,519,374 | Multifamily | Garden | 4.6450% | 0.0300% | 0.0000% | 0.0300% | Actual/360 | 120 | 120 | 360 | 360 | ||||||||||||||||||||
Loan | 18 | Hampton Inn - Columbus (34) | 1.9% | 1 | Pillar | Pillar | 26,500,000 | 26,500,000 | 23,255,247 | Hospitality | Limited Service | 4.6100% | 0.0150% | 0.0000% | 0.0150% | Actual/360 | 120 | 120 | 360 | 360 | ||||||||||||||||||||
Loan | 19 | The Campus at Greenhill (34) | 1.8% | 1 | UBSRES | UBSRES | 25,600,000 | 25,600,000 | 21,116,332 | Office | Suburban | 5.1000% | 0.0150% | 0.0000% | 0.0150% | Actual/360 | 120 | 120 | 360 | 360 | ||||||||||||||||||||
Loan | 20 | 315 South Beverly Drive (32) | 1.5% | 1 | JLC | JLC | 21,000,000 | 21,000,000 | 19,805,591 | Office | CBD | 5.8810% | 0.0150% | 0.0000% | 0.0150% | Actual/360 | 120 | 119 | 360 | 360 | ||||||||||||||||||||
Loan | 21 | Commons at Madera Fair | 1.5% | 1 | CCRE | CCRE | 21,000,000 | 21,000,000 | 18,068,227 | Retail | Anchored | 4.7825% | 0.0350% | 0.0200% | 0.0150% | Actual/360 | 120 | 120 | 360 | 360 | ||||||||||||||||||||
Loan | 22 | SRC Multifamily Portfolio Pool 1 | 1.4% | 3 | GACC | GACC | 19,650,000 | 19,650,000 | 18,423,953 | Multifamily | Garden | 4.8350% | 0.0150% | 0.0000% | 0.0150% | Actual/360 | 60 | 58 | 360 | 360 | ||||||||||||||||||||
Property | 22.01 | Towne Oaks | 0.6% | 1 | GACC | GACC | 7,900,000 | 7,900,000 | Multifamily | Garden | ||||||||||||||||||||||||||||||
Property | 22.02 | French Road | 0.5% | 1 | GACC | GACC | 7,000,000 | 7,000,000 | Multifamily | Garden | ||||||||||||||||||||||||||||||
Property | 22.03 | Ashley Park | 0.3% | 1 | GACC | GACC | 4,750,000 | 4,750,000 | Multifamily | Garden | ||||||||||||||||||||||||||||||
Loan | 23 | Homewood Suites by Hilton - Newark | 1.3% | 1 | UBSRES | UBSRES | 19,000,000 | 18,977,266 | 15,353,513 | Hospitality | Limited Service | 4.4825% | 0.0150% | 0.0000% | 0.0150% | Actual/360 | 120 | 119 | 360 | 359 | ||||||||||||||||||||
Loan | 24 | Springhill Suites Atlanta Airport Gateway Center | 1.2% | 1 | UBSRES | UBSRES | 16,500,000 | 16,500,000 | 13,345,740 | Hospitality | Limited Service | 4.5115% | 0.0150% | 0.0000% | 0.0150% | Actual/360 | 120 | 120 | 360 | 360 | ||||||||||||||||||||
Loan | 25 | Roebuck Marketplace (29) | 1.2% | 1 | CCRE | CCRE | 16,500,000 | 16,481,630 | 13,477,687 | Retail | Shadow Anchored | 4.8000% | 0.0350% | 0.0200% | 0.0150% | Actual/360 | 120 | 119 | 360 | 359 | ||||||||||||||||||||
Loan | 26 | Eden’s Edge Apartments | 1.2% | 1 | GACC | GACC | 16,500,000 | 16,480,466 | 15,106,238 | Multifamily | Garden | 4.5300% | 0.0150% | 0.0000% | 0.0150% | Actual/360 | 60 | 59 | 360 | 359 | ||||||||||||||||||||
Loan | 27 | Queens Crossing Office Condos | 1.1% | 1 | JLC | JLC | 16,000,000 | 15,983,591 | 13,220,107 | Office | CBD | 5.1500% | 0.0150% | 0.0000% | 0.0150% | Actual/360 | 120 | 119 | 360 | 359 | ||||||||||||||||||||
Loan | 28 | 4247 Eastern Avenue SE (29) | 1.1% | 1 | JLC | JLC | 15,377,929 | 15,377,929 | 13,546,329 | Industrial | Warehouse | 4.7780% | 0.0150% | 0.0000% | 0.0150% | Actual/360 | 120 | 120 | 360 | 360 | ||||||||||||||||||||
Loan | 29 | Port O’Call Apartments | 1.0% | 1 | GACC | GACC | 14,600,000 | 14,600,000 | 12,868,523 | Multifamily | Garden | 4.8000% | 0.0150% | 0.0000% | 0.0150% | Actual/360 | 120 | 118 | 360 | 360 | ||||||||||||||||||||
Loan | 30 | Allred Airport Center I | 1.0% | 1 | UBSRES | UBSRES | 14,000,000 | 14,000,000 | 12,818,175 | Industrial | Flex | 4.5250% | 0.0600% | 0.0000% | 0.0600% | Actual/360 | 120 | 119 | 360 | 360 | ||||||||||||||||||||
Loan | 31 | SpringHill Suites Lake Charles | 1.0% | 1 | JLC | JLC | 14,000,000 | 13,932,317 | 12,442,077 | Hospitality | Limited Service | 4.9340% | 0.0150% | 0.0000% | 0.0150% | Actual/360 | 60 | 57 | 300 | 297 | ||||||||||||||||||||
Loan | 32 | Legacy Pavilion Parking Deck | 1.0% | 1 | JLC | JLC | 13,500,000 | 13,500,000 | 10,951,587 | Other | Parking | 4.5980% | 0.0150% | 0.0000% | 0.0150% | Actual/360 | 120 | 120 | 360 | 360 | ||||||||||||||||||||
Loan | 33 | Rand Tower Minneapolis (34) | 0.9% | 1 | GACC | GACC | 12,825,000 | 12,825,000 | 10,883,567 | Office | CBD | 4.3400% | 0.0150% | 0.0000% | 0.0150% | Actual/360 | 120 | 119 | 360 | 360 | ||||||||||||||||||||
Loan | 34 | 431 Waverley | 0.9% | 1 | JLC | JLC | 12,610,000 | 12,610,000 | 11,062,815 | Office | CBD | 5.0890% | 0.0150% | 0.0000% | 0.0150% | Actual/360 | 126 | 121 | 360 | 360 | ||||||||||||||||||||
Loan | 35 | Village at Collin Creek | 0.9% | 1 | UBSRES | UBSRES | 12,100,000 | 12,100,000 | 10,629,242 | Retail | Unanchored | 4.6510% | 0.0150% | 0.0000% | 0.0150% | Actual/360 | 120 | 118 | 360 | 360 | ||||||||||||||||||||
Loan | 36 | Honey Creek III (32) | 0.8% | 1 | JLC | JLC | 12,000,000 | 12,000,000 | 10,272,488 | Office | Suburban | 4.5890% | 0.0150% | 0.0000% | 0.0150% | Actual/360 | 120 | 120 | 360 | 360 | ||||||||||||||||||||
Loan | 37 | Town Point Center (33) | 0.8% | 1 | CCRE | CCRE | 11,400,000 | 11,400,000 | 11,042,899 | Office | CBD | 4.5660% | 0.0350% | 0.0200% | 0.0150% | Actual/360 | 60 | 59 | 360 | 360 | ||||||||||||||||||||
Loan | 38 | Asurion Building | 0.8% | 1 | GACC | GACC | 11,400,000 | 11,386,382 | 9,214,489 | Office | CBD | 4.4900% | 0.0700% | 0.0000% | 0.0700% | Actual/360 | 120 | 119 | 360 | 359 | ||||||||||||||||||||
Loan | 39 | Best Buy Newport News | 0.8% | 1 | JLC | JLC | 11,025,000 | 11,025,000 | 11,025,000 | Retail | Anchored | 3.5780% | 0.0150% | 0.0000% | 0.0150% | Actual/360 | 60 | 57 | 0 | 0 | ||||||||||||||||||||
Loan | 40 | Westside Urban Market II | 0.7% | 1 | JLC | JLC | 10,500,000 | 10,487,144 | 8,454,462 | Retail | Unanchored | 4.3790% | 0.0150% | 0.0000% | 0.0150% | Actual/360 | 120 | 119 | 360 | 359 | ||||||||||||||||||||
Loan | 41 | White Marsh Business Center | 0.7% | 1 | UBSRES | UBSRES | 10,350,000 | 10,333,600 | 7,694,853 | Mixed Use | Office/Flex | 4.8425% | 0.0150% | 0.0000% | 0.0150% | Actual/360 | 120 | 119 | 300 | 299 | ||||||||||||||||||||
Loan | 42 | Eden Way Storage | 0.7% | 1 | GECC | GECC | 10,300,000 | 10,300,000 | 8,796,786 | Self Storage | Self Storage | 4.5000% | 0.0150% | 0.0000% | 0.0150% | Actual/360 | 120 | 119 | 360 | 360 | ||||||||||||||||||||
Loan | 43 | Southgate Shopping Center | 0.7% | 1 | Pillar | Pillar | 9,750,000 | 9,750,000 | 8,610,138 | Retail | Anchored | 4.8900% | 0.0150% | 0.0000% | 0.0150% | Actual/360 | 120 | 120 | 360 | 360 | ||||||||||||||||||||
Loan | 44 | Aurora City Square (29) | 0.6% | 1 | CCRE | CCRE | 8,600,000 | 8,600,000 | 6,957,753 | Retail | Shadow Anchored | 4.5190% | 0.0350% | 0.0200% | 0.0150% | Actual/360 | 120 | 120 | 360 | 360 | ||||||||||||||||||||
Loan | 45 | Lilburn Corners | 0.6% | 1 | JLC | JLC | 8,600,000 | 8,600,000 | 7,568,018 | Retail | Anchored | 4.7290% | 0.0150% | 0.0000% | 0.0150% | Actual/360 | 120 | 118 | 360 | 360 | ||||||||||||||||||||
Loan | 46 | West Clinic Portfolio | 0.6% | 3 | GACC | GACC | 8,325,000 | 8,325,000 | 8,325,000 | Office | Medical | 4.5100% | 0.0150% | 0.0000% | 0.0150% | Actual/360 | 120 | 117 | 0 | 0 | ||||||||||||||||||||
Property | 46.01 | West Clinic - Memphis | 0.3% | 1 | GACC | GACC | 3,620,000 | 3,620,000 | Office | Medical | ||||||||||||||||||||||||||||||
Property | 46.02 | West Clinic - Southaven | 0.2% | 1 | GACC | GACC | 2,825,000 | 2,825,000 | Office | Medical | ||||||||||||||||||||||||||||||
Property | 46.03 | West Clinic - Brighton | 0.1% | 1 | GACC | GACC | 1,880,000 | 1,880,000 | Office | Medical | ||||||||||||||||||||||||||||||
Loan | 47 | Southridge Plaza | 0.6% | 1 | Pillar | Pillar | 8,000,000 | 8,000,000 | 7,310,884 | Retail | Anchored | 4.4100% | 0.0150% | 0.0000% | 0.0150% | Actual/360 | 120 | 120 | 360 | 360 | ||||||||||||||||||||
Loan | 48 | Stoney Creek Apartments | 0.5% | 1 | Pillar | Pillar | 7,680,000 | 7,680,000 | 6,541,760 | Multifamily | Garden | 4.4030% | 0.0150% | 0.0000% | 0.0150% | Actual/360 | 120 | 120 | 360 | 360 | ||||||||||||||||||||
Loan | 49 | Ramada Minnesota and La Quinta Idaho | 0.5% | 2 | CCRE | CCRE | 7,675,000 | 7,657,274 | 6,047,159 | Hospitality | Various | 6.5140% | 0.0350% | 0.0200% | 0.0150% | Actual/360 | 120 | 118 | 300 | 298 | ||||||||||||||||||||
Property | 49.01 | Ramada Marshall | 0.3% | 1 | CCRE | CCRE | 4,589,000 | 4,578,401 | Hospitality | Full Service | ||||||||||||||||||||||||||||||
Property | 49.02 | La Quinta Inn & Suites Coeur D’Alene East | 0.2% | 1 | CCRE | CCRE | 3,086,000 | 3,078,873 | Hospitality | Limited Service | ||||||||||||||||||||||||||||||
Loan | 50 | South Blanding Village (29) | 0.5% | 1 | UBSRES | UBSRES | 7,600,000 | 7,600,000 | 6,207,446 | Retail | Unanchored | 4.8000% | 0.0150% | 0.0000% | 0.0150% | Actual/360 | 120 | 120 | 360 | 360 | ||||||||||||||||||||
Loan | 51 | North Hills Shopping Center (29) | 0.5% | 1 | UBSRES | UBSRES | 7,525,000 | 7,511,792 | 5,472,400 | Retail | Anchored | 4.2580% | 0.0150% | 0.0000% | 0.0150% | Actual/360 | 120 | 119 | 300 | 299 | ||||||||||||||||||||
Loan | 52 | MKL Houston Portfolio | 0.5% | 3 | JLC | JLC | 7,500,000 | 7,500,000 | 6,941,072 | Retail | Various | 5.2230% | 0.0150% | 0.0000% | 0.0150% | Actual/360 | 120 | 119 | 360 | 360 | ||||||||||||||||||||
Property | 52.01 | Rice Properties | 0.3% | 1 | JLC | JLC | 4,420,000 | 4,420,000 | Retail | Unanchored | ||||||||||||||||||||||||||||||
Property | 52.02 | Richmond Properties | 0.2% | 1 | JLC | JLC | 2,325,000 | 2,325,000 | Retail | Unanchored | ||||||||||||||||||||||||||||||
Property | 52.03 | Sonic | 0.1% | 1 | JLC | JLC | 755,000 | 755,000 | Retail | Single Tenant | ||||||||||||||||||||||||||||||
Loan | 53 | Shops at Cypress Creek | 0.5% | 1 | JLC | JLC | 7,200,000 | 7,200,000 | 6,214,861 | Retail | Unanchored | 4.9053% | 0.0150% | 0.0000% | 0.0150% | Actual/360 | 120 | 117 | 360 | 360 | ||||||||||||||||||||
Loan | 54 | Peachtree Square Shopping Center | 0.5% | 1 | GACC | GACC | 6,500,000 | 6,500,000 | 5,518,397 | Retail | Anchored | 4.2800% | 0.0800% | 0.0000% | 0.0800% | Actual/360 | 120 | 119 | 360 | 360 | ||||||||||||||||||||
Loan | 55 | Holiday Inn Express Leland-Wilmington | 0.5% | 1 | CCRE | CCRE | 6,475,000 | 6,464,563 | 4,796,827 | Hospitality | Limited Service | 4.7465% | 0.0350% | 0.0200% | 0.0150% | Actual/360 | 120 | 119 | 300 | 299 | ||||||||||||||||||||
Loan | 56 | Hampton Inn & Suites Waxahachie | 0.4% | 1 | CCRE | CCRE | 6,200,000 | 6,200,000 | 4,653,651 | Hospitality | Limited Service | 5.1060% | 0.0350% | 0.0200% | 0.0150% | Actual/360 | 120 | 120 | 300 | 300 | ||||||||||||||||||||
Loan | 57 | The Terraces at Windy Hill | 0.4% | 1 | JLC | JLC | 6,050,000 | 6,050,000 | 5,344,177 | Mixed Use | Retail/Office | 4.9000% | 0.0150% | 0.0000% | 0.0150% | Actual/360 | 120 | 117 | 360 | 360 | ||||||||||||||||||||
Loan | 58 | Suburban Extended Stay Portfolio (34) | 0.4% | 2 | CCRE | CCRE | 5,900,000 | 5,900,000 | 4,817,974 | Hospitality | Extended Stay | 4.7940% | 0.0350% | 0.0200% | 0.0150% | Actual/360 | 120 | 120 | 360 | 360 | ||||||||||||||||||||
Property | 58.01 | Suburban Extended Stay Charlotte | 0.2% | 1 | CCRE | CCRE | 3,200,000 | 3,200,000 | Hospitality | Extended Stay | ||||||||||||||||||||||||||||||
Property | 58.02 | Suburban Extended Stay Hermitage | 0.2% | 1 | CCRE | CCRE | 2,700,000 | 2,700,000 | Hospitality | Extended Stay | ||||||||||||||||||||||||||||||
Loan | 59 | Sarno Business Complex | 0.4% | 1 | JLC | JLC | 5,800,000 | 5,800,000 | 4,430,394 | Mixed Use | Office/Retail | 5.6000% | 0.0150% | 0.0000% | 0.0150% | Actual/360 | 120 | 120 | 300 | 300 | ||||||||||||||||||||
Loan | 60 | Tower Crossing | 0.4% | 1 | UBSRES | UBSRES | 5,662,500 | 5,662,500 | 4,852,817 | Multifamily | Garden | 4.6280% | 0.0150% | 0.0000% | 0.0150% | Actual/360 | 120 | 118 | 360 | 360 | ||||||||||||||||||||
Loan | 61 | Sprouts Farmers Market | 0.4% | 1 | JLC | JLC | 5,300,000 | 5,270,860 | 4,375,071 | Retail | Single Tenant | 5.1200% | 0.0150% | 0.0000% | 0.0150% | Actual/360 | 120 | 115 | 360 | 355 | ||||||||||||||||||||
Loan | 62 | Pacific Gillespie IV | 0.4% | 1 | JLC | JLC | 5,100,000 | 5,100,000 | 4,485,702 | Industrial | Flex | 4.7100% | 0.0150% | 0.0000% | 0.0150% | Actual/360 | 120 | 120 | 360 | 360 | ||||||||||||||||||||
Loan | 63 | Shoppes at Mallory | 0.3% | 1 | JLC | JLC | 4,875,000 | 4,875,000 | 4,215,064 | Retail | Unanchored | 4.9740% | 0.0800% | 0.0000% | 0.0800% | Actual/360 | 120 | 120 | 360 | 360 | ||||||||||||||||||||
Loan | 64 | Dividend II | 0.3% | 1 | GECC | GECC | 4,600,000 | 4,600,000 | 3,758,391 | Industrial | Flex | 4.8100% | 0.0150% | 0.0000% | 0.0150% | Actual/360 | 120 | 120 | 360 | 360 | ||||||||||||||||||||
Loan | 65 | Winn Dixie - Millbrook | 0.3% | 1 | GACC | GACC | 4,422,500 | 4,415,932 | 3,331,078 | Retail | Anchored | 5.2000% | 0.0150% | 0.0000% | 0.0150% | Actual/360 | 120 | 119 | 300 | 299 | ||||||||||||||||||||
Loan | 66 | Comfort Suites Greensboro | 0.3% | 1 | JLC | JLC | 4,400,000 | 4,351,820 | 3,987,837 | Hospitality | Limited Service | 6.1625% | 0.0150% | 0.0000% | 0.0150% | Actual/360 | 60 | 52 | 300 | 292 | ||||||||||||||||||||
Loan | 67 | Hapeville Gateway | 0.3% | 1 | JLC | JLC | 4,100,000 | 4,096,318 | 3,445,433 | Retail | Unanchored | 5.6900% | 0.0150% | 0.0000% | 0.0150% | Actual/360 | 120 | 119 | 360 | 359 | ||||||||||||||||||||
Loan | 68 | Ramada - Canton | 0.3% | 1 | UBSRES | UBSRES | 3,600,000 | 3,592,408 | 2,325,504 | Hospitality | Limited Service | 5.6150% | 0.0150% | 0.0000% | 0.0150% | Actual/360 | 120 | 119 | 240 | 239 | ||||||||||||||||||||
Loan | 69 | Westbrook MHP | 0.2% | 1 | JLC | JLC | 3,250,000 | 3,238,456 | 2,752,903 | Manufactured Housing Community | Manufactured Housing Community | 5.9500% | 0.0150% | 0.0000% | 0.0150% | Actual/360 | 120 | 116 | 360 | 356 | ||||||||||||||||||||
Loan | 70 | The Cedars Apartments | 0.1% | 1 | UBSRES | UBSRES | 1,237,500 | 1,237,500 | 1,139,987 | Multifamily | Garden | 4.9150% | 0.0150% | 0.0000% | 0.0150% | Actual/360 | 120 | 119 | 360 | 360 |
A-1-1
COMM 2014-UBS5 | ||||||||||||||||||||||||||||||||||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||||||||||||||||||||||||||||||||||
Pari Passu | Pari Passu | |||||||||||||||||||||||||||||||||||||||||
% of | First | Monthly | Annual | Companion Loan | Companion Loan | Remaining | Crossed | |||||||||||||||||||||||||||||||||||
Property | Initial Pool | Origination | Payment | Maturity | ARD Loan | Final | Debt | Debt | Monthly Debt | Annual Debt | Interest Only | Cash | With | Related | Underwritten | Underwritten | Grace | Payment | ||||||||||||||||||||||||
Flag | ID | Property Name | Balance | Date | Date | or ARD Date | (Yes/No)(7) | Maturity Date(7) | Service($)(5)(9)(10) | Service($)(10) | Service($)(31) | Service($)(31) | Period | Lockbox(11) | Management(12)(27) | Other Loans | Borrower(21) | NOI DSCR(9)(10)(13) | NCF DSCR(9)(10)(13) | Period | Date | |||||||||||||||||||||
Loan | 1 | Loews Miami Beach Hotel (31) | 8.5% | 08/12/2014 | 10/06/2014 | 09/06/2024 | No | 09/06/2024 | 418,229 | 5,018,750 | 627,344 | 7,528,125 | 120 | Hard | Springing | No | 3.28x | 2.89x | 0 | 6 | ||||||||||||||||||||||
Loan | 2 | Canyon Ranch Portfolio (31) | 5.3% | 08/20/2014 | 10/01/2014 | 09/01/2024 | No | 09/01/2024 | 363,705 | 4,364,463 | 363,705 | 4,364,463 | 60 | Soft | Springing | No | 2.79x | 2.34x | 5 | 1 | ||||||||||||||||||||||
Property | 2.01 | Canyon Ranch - Tucson | 3.3% | |||||||||||||||||||||||||||||||||||||||
Property | 2.02 | Canyon Ranch - Lenox | 2.0% | |||||||||||||||||||||||||||||||||||||||
Loan | 3 | 30 Dunnigan | 4.6% | 07/31/2014 | 09/06/2014 | 08/06/2024 | No | 08/06/2024 | 364,193 | 4,370,321 | Hard | Springing | No | 1.91x | 1.83x | 0 | 6 | |||||||||||||||||||||||||
Loan | 4 | Summit Rancho Bernardo (32)(34) | 4.5% | 08/21/2014 | 10/06/2014 | 09/06/2024 | No | 09/06/2024 | 309,912 | 3,718,947 | 60 | Hard | In Place | No | 1.50x | 1.49x | 0 | 6 | ||||||||||||||||||||||||
Loan | 5 | MarqE Entertainment Center | 4.5% | 05/29/2014 | 07/06/2014 | 06/06/2019 | No | 06/06/2019 | 309,797 | 3,717,565 | 9 | Springing Hard | Springing | No | 1.68x | 1.58x | 0 | 6 | ||||||||||||||||||||||||
Loan | 6 | 6100 Wilshire (34) | 4.1% | 08/07/2014 | 09/06/2014 | 08/06/2024 | No | 08/06/2024 | 242,879 | 2,914,548 | 119 | Hard | In Place | No | 1.66x | 1.56x | 0 | 6 | ||||||||||||||||||||||||
Loan | 7 | State Farm Portfolio (31) | 3.9% | 04/01/2014 | 05/06/2014 | 04/06/2024 | Yes | 04/06/2029 | 216,952 | 2,603,426 | 1,282,168 | 15,386,015 | 115 | Hard | In Place | No | 2.03x | 2.02x | 0 | 6 | ||||||||||||||||||||||
Property | 7.01 | Charlottesville State Farm Office | 0.5% | |||||||||||||||||||||||||||||||||||||||
Property | 7.02 | Murfreesboro State Farm Office | 0.5% | |||||||||||||||||||||||||||||||||||||||
Property | 7.03 | Ballston Spa State Farm Office | 0.4% | |||||||||||||||||||||||||||||||||||||||
Property | 7.04 | Birmingham State Farm Office | 0.4% | |||||||||||||||||||||||||||||||||||||||
Property | 7.05 | Tulsa State Farm Office | 0.3% | |||||||||||||||||||||||||||||||||||||||
Property | 7.06 | Columbia State Farm Office | 0.3% | |||||||||||||||||||||||||||||||||||||||
Property | 7.07 | Jacksonville State Farm Office | 0.3% | |||||||||||||||||||||||||||||||||||||||
Property | 7.08 | Lincoln North State Farm Office | 0.2% | |||||||||||||||||||||||||||||||||||||||
Property | 7.09 | Greeley Central State Farm Office | 0.2% | |||||||||||||||||||||||||||||||||||||||
Property | 7.10 | New Albany State Farm Office | 0.2% | |||||||||||||||||||||||||||||||||||||||
Property | 7.11 | Lincoln South State Farm Office | 0.1% | |||||||||||||||||||||||||||||||||||||||
Property | 7.12 | Greeley South State Farm Office | 0.1% | |||||||||||||||||||||||||||||||||||||||
Property | 7.13 | Kalamazoo State Farm Office | 0.1% | |||||||||||||||||||||||||||||||||||||||
Property | 7.14 | Greeley North State Farm Office | 0.1% | |||||||||||||||||||||||||||||||||||||||
Loan | 8 | Quakerbridge | 3.4% | 08/20/2014 | 10/06/2014 | 09/06/2024 | No | 09/06/2024 | 266,546 | 3,198,555 | 36 | Hard | In Place | No | 1.56x | 1.37x | 0 | 6 | ||||||||||||||||||||||||
Loan | 9 | Overland Park Marriott (29)(32) | 3.0% | 07/29/2014 | 09/06/2014 | 08/06/2019 | No | 08/06/2019 | 255,698 | 3,068,379 | 11 | Hard | Springing | No | 1.76x | 1.45x | 0 | 6 | ||||||||||||||||||||||||
Loan | 10 | Town Park Ravine I, II, III (34) | 2.9% | 08/01/2014 | 09/01/2014 | 08/01/2024 | No | 08/01/2024 | 205,030 | 2,460,356 | 59 | Hard | Springing | No | 1.82x | 1.56x | 5 | 1 | ||||||||||||||||||||||||
Property | 10.01 | Town Park Ravine II | 1.0% | |||||||||||||||||||||||||||||||||||||||
Property | 10.02 | Town Park Ravine I | 1.0% | |||||||||||||||||||||||||||||||||||||||
Property | 10.03 | Town Park Ravine III | 0.9% | |||||||||||||||||||||||||||||||||||||||
Loan | 11 | 412 West 14th Street | 2.8% | 08/21/2014 | 10/06/2014 | 09/06/2019 | No | 09/06/2019 | 158,505 | 1,902,056 | 60 | Hard | In Place | No | 1.61x | 1.59x | 0 | 6 | ||||||||||||||||||||||||
Loan | 12 | Ellinwood Office Complex | 2.5% | 08/21/2014 | 10/06/2014 | 09/06/2024 | No | 09/06/2024 | 178,173 | 2,138,072 | Hard | Springing | No | 1.39x | 1.38x | 0 | 6 | |||||||||||||||||||||||||
Loan | 13 | Ridgmar Mall (32) | 2.3% | 10/08/2013 | 12/06/2013 | 11/06/2018 | No | 11/06/2018 | 144,268 | 1,731,221 | 2 | Hard | In Place | No | 3.50x | 3.26x | 0 | 6 | ||||||||||||||||||||||||
Loan | 14 | Breakwater Hotel | 2.2% | 08/19/2014 | 10/06/2014 | 09/06/2024 | No | 09/06/2024 | 163,958 | 1,967,495 | 60 | Hard | Springing | No | 1.77x | 1.64x | 0 | 6 | ||||||||||||||||||||||||
Loan | 15 | Harwood Center (31)(34) | 2.1% | 07/11/2014 | 08/06/2014 | 07/06/2024 | No | 07/06/2024 | 155,591 | 1,867,096 | 311,183 | 3,734,192 | 34 | Hard | Springing | No | 1.50x | 1.36x | 0 | 6 | ||||||||||||||||||||||
Loan | 16 | Seacourt Pavilion | 2.1% | 08/15/2014 | 10/06/2014 | 09/06/2024 | No | 09/06/2024 | 150,335 | 1,804,015 | 36 | Hard | Springing | No | 1.52x | 1.40x | 0 | 6 | ||||||||||||||||||||||||
Loan | 17 | Fairlane Meadows Apartments | 2.1% | 08/12/2014 | 10/06/2014 | 09/06/2024 | No | 09/06/2024 | 154,601 | 1,855,214 | 60 | Springing Soft | Springing | No | 1.53x | 1.45x | 0 | 6 | ||||||||||||||||||||||||
Loan | 18 | Hampton Inn - Columbus (34) | 1.9% | 08/20/2014 | 10/06/2014 | 09/06/2024 | No | 09/06/2024 | 136,009 | 1,632,110 | 36 | Hard | Springing | No | 1.97x | 1.79x | 0 | 6 | ||||||||||||||||||||||||
Loan | 19 | The Campus at Greenhill (34) | 1.8% | 08/19/2014 | 10/01/2014 | 09/01/2024 | No | 09/01/2024 | 138,995 | 1,667,942 | Hard | In Place | No | 1.49x | 1.32x | 0 | 1 | |||||||||||||||||||||||||
Loan | 20 | 315 South Beverly Drive (32) | 1.5% | 07/08/2014 | 09/06/2014 | 08/06/2024 | No | 08/06/2024 | 121,306 | 1,455,671 | 59 | Soft | In Place | No | 1.29x | 1.21x | 0 | 6 | ||||||||||||||||||||||||
Loan | 21 | Commons at Madera Fair | 1.5% | 08/08/2014 | 10/06/2014 | 09/06/2024 | No | 09/06/2024 | 109,958 | 1,319,492 | 24 | Soft | Springing | No | 1.39x | 1.27x | 0 | 6 | ||||||||||||||||||||||||
Loan | 22 | SRC Multifamily Portfolio Pool 1 | 1.4% | 06/30/2014 | 08/06/2014 | 07/06/2019 | No | 07/06/2019 | 103,513 | 1,242,154 | 10 | Springing Soft | Springing | No | 1.38x | 1.26x | 0 | 6 | ||||||||||||||||||||||||
Property | 22.01 | Towne Oaks | 0.6% | |||||||||||||||||||||||||||||||||||||||
Property | 22.02 | French Road | 0.5% | |||||||||||||||||||||||||||||||||||||||
Property | 22.03 | Ashley Park | 0.3% | |||||||||||||||||||||||||||||||||||||||
Loan | 23 | Homewood Suites by Hilton - Newark | 1.3% | 08/04/2014 | 09/06/2014 | 08/06/2024 | No | 08/06/2024 | 96,073 | 1,152,873 | Springing Hard | Springing | No | 2.12x | 1.88x | 0 | 6 | |||||||||||||||||||||||||
Loan | 24 | Springhill Suites Atlanta Airport Gateway Center | 1.2% | 08/28/2014 | 10/06/2014 | 09/06/2024 | No | 09/06/2024 | 83,716 | 1,004,590 | Springing Hard | Springing | No | 2.11x | 1.83x | 0 | 6 | |||||||||||||||||||||||||
Loan | 25 | Roebuck Marketplace (29) | 1.2% | 07/09/2014 | 09/06/2014 | 08/06/2024 | No | 08/06/2024 | 86,570 | 1,038,837 | Soft Springing Hard | Springing | No | 1.45x | 1.33x | 0 | 6 | |||||||||||||||||||||||||
Loan | 26 | Eden’s Edge Apartments | 1.2% | 07/18/2014 | 09/06/2014 | 08/06/2019 | No | 08/06/2019 | 83,897 | 1,006,769 | Soft | In Place | No | 1.31x | 1.25x | 0 | 6 | |||||||||||||||||||||||||
Loan | 27 | Queens Crossing Office Condos | 1.1% | 07/28/2014 | 09/06/2014 | 08/06/2024 | No | 08/06/2024 | 87,364 | 1,048,370 | Hard | Springing | No | 1.43x | 1.38x | 0 | 6 | |||||||||||||||||||||||||
Loan | 28 | 4247 Eastern Avenue SE (29) | 1.1% | 08/20/2014 | 10/06/2014 | 09/06/2024 | No | 09/06/2024 | 80,478 | 965,740 | 36 | Hard | In Place | No | 1.67x | 1.55x | 0 | 6 | ||||||||||||||||||||||||
Loan | 29 | Port O’Call Apartments | 1.0% | 06/20/2014 | 08/06/2014 | 07/06/2024 | No | 07/06/2024 | 76,601 | 919,214 | 34 | Springing Soft | Springing | No | 1.38x | 1.32x | 0 | 6 | ||||||||||||||||||||||||
Loan | 30 | Allred Airport Center I | 1.0% | 07/16/2014 | 09/06/2014 | 08/06/2024 | No | 08/06/2024 | 71,144 | 853,729 | 59 | Springing Hard | Springing | No | Yes - A | 1.77x | 1.62x | 0 | 6 | |||||||||||||||||||||||
Loan | 31 | SpringHill Suites Lake Charles | 1.0% | 05/20/2014 | 07/06/2014 | 06/06/2019 | No | 06/06/2019 | 81,305 | 975,662 | Hard | Springing | No | 2.06x | 1.83x | 0 | 6 | |||||||||||||||||||||||||
Loan | 32 | Legacy Pavilion Parking Deck | 1.0% | 08/22/2014 | 10/06/2014 | 09/06/2024 | No | 09/06/2024 | 69,191 | 830,290 | Hard | Springing | No | 1.53x | 1.49x | 0 | 6 | |||||||||||||||||||||||||
Loan | 33 | Rand Tower Minneapolis (34) | 0.9% | 07/25/2014 | 09/06/2014 | 08/06/2024 | No | 08/06/2024 | 63,769 | 765,226 | 22 | Springing Hard | Springing | No | 1.77x | 1.60x | 0 | 6 | ||||||||||||||||||||||||
Loan | 34 | 431 Waverley | 0.9% | 04/02/2014 | 05/06/2014 | 10/06/2024 | No | 10/06/2024 | 68,381 | 820,569 | 31 | Hard | Springing | No | 1.70x | 1.67x | 0 | 6 | ||||||||||||||||||||||||
Loan | 35 | Village at Collin Creek | 0.9% | 07/02/2014 | 08/06/2014 | 07/06/2024 | No | 07/06/2024 | 62,399 | 748,792 | 34 | Springing Hard | Springing | No | 1.54x | 1.41x | 0 | 6 | ||||||||||||||||||||||||
Loan | 36 | Honey Creek III (32) | 0.8% | 08/15/2014 | 10/06/2014 | 09/06/2024 | No | 09/06/2024 | 61,438 | 737,262 | 24 | Hard | Springing | No | 1.82x | 1.66x | 0 | 6 | ||||||||||||||||||||||||
Loan | 37 | Town Point Center (33) | 0.8% | 08/06/2014 | 09/06/2014 | 08/06/2019 | No | 08/06/2019 | 58,210 | 698,520 | 35 | Hard | Springing | No | 1.81x | 1.60x | 0 | 6 | ||||||||||||||||||||||||
Loan | 38 | Asurion Building | 0.8% | 07/15/2014 | 09/06/2014 | 08/06/2024 | No | 08/06/2024 | 57,694 | 692,333 | Hard | Springing | No | Yes - A | 1.58x | 1.42x | 0 | 6 | ||||||||||||||||||||||||
Loan | 39 | Best Buy Newport News | 0.8% | 06/02/2014 | 07/06/2014 | 06/06/2019 | No | 06/06/2019 | 33,329 | 399,953 | 57 | Hard | Springing | No | 3.35x | 3.35x | 0 | 6 | ||||||||||||||||||||||||
Loan | 40 | Westside Urban Market II | 0.7% | 07/31/2014 | 09/06/2014 | 08/06/2024 | No | 08/06/2024 | 52,450 | 629,397 | None | NAP | No | 1.74x | 1.70x | 0 | 6 | |||||||||||||||||||||||||
Loan | 41 | White Marsh Business Center | 0.7% | 08/04/2014 | 09/06/2014 | 08/06/2024 | No | 08/06/2024 | 59,559 | 714,710 | Hard | In Place | No | 1.49x | 1.25x | 0 | 6 | |||||||||||||||||||||||||
Loan | 42 | Eden Way Storage | 0.7% | 07/24/2014 | 09/01/2014 | 08/01/2024 | No | 08/01/2024 | 52,189 | 626,263 | 23 | None | NAP | No | 1.52x | 1.50x | 5 | 1 | ||||||||||||||||||||||||
Loan | 43 | Southgate Shopping Center | 0.7% | 08/21/2014 | 10/06/2014 | 09/06/2024 | No | 09/06/2024 | 51,687 | 620,239 | 36 | Hard | Springing | No | 1.70x | 1.49x | 0 | 6 | ||||||||||||||||||||||||
Loan | 44 | Aurora City Square (29) | 0.6% | 08/12/2014 | 10/06/2014 | 09/06/2024 | No | 09/06/2024 | 43,672 | 524,065 | Hard | Springing | No | 1.67x | 1.42x | 0 | 6 | |||||||||||||||||||||||||
Loan | 45 | Lilburn Corners | 0.6% | 06/18/2014 | 08/06/2014 | 07/06/2024 | No | 07/06/2024 | 44,753 | 537,035 | 34 | Springing Hard | Springing | No | 1.62x | 1.46x | 0 | 6 | ||||||||||||||||||||||||
Loan | 46 | West Clinic Portfolio | 0.6% | 05/20/2014 | 07/06/2014 | 06/06/2024 | Yes | 06/06/2031 | 31,723 | 380,672 | 117 | Hard | Springing | No | 2.03x | 2.01x | 0 | 6 | ||||||||||||||||||||||||
Property | 46.01 | West Clinic - Memphis | 0.3% | |||||||||||||||||||||||||||||||||||||||
Property | 46.02 | West Clinic - Southaven | 0.2% | |||||||||||||||||||||||||||||||||||||||
Property | 46.03 | West Clinic - Brighton | 0.1% | |||||||||||||||||||||||||||||||||||||||
Loan | 47 | Southridge Plaza | 0.6% | 08/20/2014 | 10/06/2014 | 09/06/2024 | No | 09/06/2024 | 40,108 | 481,298 | 60 | Springing Hard | Springing | No | 1.77x | 1.64x | 0 | 6 | ||||||||||||||||||||||||
Loan | 48 | Stoney Creek Apartments | 0.5% | 08/18/2014 | 10/06/2014 | 09/06/2024 | No | 09/06/2024 | 38,472 | 461,665 | 24 | Soft | Springing | No | 1.68x | 1.55x | 0 | 6 | ||||||||||||||||||||||||
Loan | 49 | Ramada Minnesota and La Quinta Idaho | 0.5% | 07/03/2014 | 08/06/2014 | 07/06/2024 | No | 07/06/2024 | 51,889 | 622,672 | Hard | In Place | No | 1.64x | 1.40x | 0 | 6 | |||||||||||||||||||||||||
Property | 49.01 | Ramada Marshall | 0.3% | |||||||||||||||||||||||||||||||||||||||
Property | 49.02 | La Quinta Inn & Suites Coeur D’Alene East | 0.2% | |||||||||||||||||||||||||||||||||||||||
Loan | 50 | South Blanding Village (29) | 0.5% | 08/22/2014 | 10/06/2014 | 09/06/2024 | No | 09/06/2024 | 39,875 | 478,495 | Springing Hard | Springing | No | 1.59x | 1.43x | 0 | 6 | |||||||||||||||||||||||||
Loan | 51 | North Hills Shopping Center (29) | 0.5% | 08/01/2014 | 09/06/2014 | 08/06/2024 | No | 08/06/2024 | 40,800 | 489,594 | Springing Hard | Springing | No | 1.98x | 1.81x | 0 | 6 | |||||||||||||||||||||||||
Loan | 52 | MKL Houston Portfolio | 0.5% | 07/29/2014 | 09/06/2014 | 08/06/2024 | No | 08/06/2024 | 41,290 | 495,479 | 59 | Springing Hard | Springing | No | 1.53x | 1.50x | 0 | 6 | ||||||||||||||||||||||||
Property | 52.01 | Rice Properties | 0.3% | |||||||||||||||||||||||||||||||||||||||
Property | 52.02 | Richmond Properties | 0.2% | |||||||||||||||||||||||||||||||||||||||
Property | 52.03 | Sonic | 0.1% | |||||||||||||||||||||||||||||||||||||||
Loan | 53 | Shops at Cypress Creek | 0.5% | 05/19/2014 | 07/06/2014 | 06/06/2024 | No | 06/06/2024 | 38,236 | 458,826 | 21 | Springing Hard | Springing | No | 1.52x | 1.44x | 0 | 6 | ||||||||||||||||||||||||
Loan | 54 | Peachtree Square Shopping Center | 0.5% | 07/10/2014 | 09/06/2014 | 08/06/2024 | No | 08/06/2024 | 32,090 | 385,084 | 23 | Springing Hard | Springing | No | 2.23x | 2.07x | 0 | 6 | ||||||||||||||||||||||||
Loan | 55 | Holiday Inn Express Leland-Wilmington | 0.5% | 07/30/2014 | 09/06/2014 | 08/06/2024 | No | 08/06/2024 | 36,902 | 442,825 | Hard | Springing | No | 1.84x | 1.65x | 0 | 6 | |||||||||||||||||||||||||
Loan | 56 | Hampton Inn & Suites Waxahachie | 0.4% | 08/25/2014 | 10/06/2014 | 09/06/2024 | No | 09/06/2024 | 36,629 | 439,542 | Hard | In Place | No | 1.79x | 1.62x | 0 | 6 | |||||||||||||||||||||||||
Loan | 57 | The Terraces at Windy Hill | 0.4% | 05/30/2014 | 07/06/2014 | 06/06/2024 | No | 06/06/2024 | 32,109 | 385,308 | 33 | Soft | In Place | No | 1.82x | 1.56x | 0 | 6 | ||||||||||||||||||||||||
Loan | 58 | Suburban Extended Stay Portfolio (34) | 0.4% | 08/08/2014 | 10/06/2014 | 09/06/2024 | No | 09/06/2024 | 30,934 | 371,206 | Hard | In Place | No | 2.43x | 2.16x | 0 | 6 | |||||||||||||||||||||||||
Property | 58.01 | Suburban Extended Stay Charlotte | 0.2% | |||||||||||||||||||||||||||||||||||||||
Property | 58.02 | Suburban Extended Stay Hermitage | 0.2% | |||||||||||||||||||||||||||||||||||||||
Loan | 59 | Sarno Business Complex | 0.4% | 08/20/2014 | 10/06/2014 | 09/06/2024 | No | 09/06/2024 | 35,964 | 431,571 | Hard | Springing | No | 1.75x | 1.50x | 0 | 6 | |||||||||||||||||||||||||
Loan | 60 | Tower Crossing | 0.4% | 07/03/2014 | 08/06/2014 | 07/06/2024 | No | 07/06/2024 | 29,123 | 349,480 | 22 | Springing Soft | Springing | No | 1.77x | 1.53x | 0 | 6 | ||||||||||||||||||||||||
Loan | 61 | Sprouts Farmers Market | 0.4% | 03/25/2014 | 05/06/2014 | 04/06/2024 | No | 04/06/2024 | 28,842 | 346,098 | Hard | Springing | No | 1.59x | 1.58x | 0 | 6 | |||||||||||||||||||||||||
Loan | 62 | Pacific Gillespie IV | 0.4% | 08/07/2014 | 10/06/2014 | 09/06/2024 | No | 09/06/2024 | 26,481 | 317,774 | 36 | Soft | Springing | No | 1.64x | 1.47x | 0 | 6 | ||||||||||||||||||||||||
Loan | 63 | Shoppes at Mallory | 0.3% | 08/21/2014 | 10/06/2014 | 09/06/2024 | No | 09/06/2024 | 26,093 | 313,112 | 24 | Springing Hard | Springing | No | 1.45x | 1.38x | 0 | 6 | ||||||||||||||||||||||||
Loan | 64 | Dividend II | 0.3% | 08/15/2014 | 10/01/2014 | 09/01/2024 | No | 09/01/2024 | 24,162 | 289,949 | Soft | Springing | No | 1.71x | 1.52x | 5 | 1 | |||||||||||||||||||||||||
Loan | 65 | Winn Dixie - Millbrook | 0.3% | 07/10/2014 | 09/06/2014 | 08/06/2024 | No | 08/06/2024 | 26,371 | 316,457 | Hard | Springing | No | 1.63x | 1.49x | 0 | 6 | |||||||||||||||||||||||||
Loan | 66 | Comfort Suites Greensboro | 0.3% | 12/30/2013 | 02/06/2014 | 01/06/2019 | No | 01/06/2019 | 28,788 | 345,455 | Springing Soft | Springing | No | 1.89x | 1.66x | 0 | 6 | |||||||||||||||||||||||||
Loan | 67 | Hapeville Gateway | 0.3% | 07/23/2014 | 09/06/2014 | 08/06/2024 | No | 08/06/2024 | 23,770 | 285,245 | Hard | Springing | No | 1.49x | 1.38x | 0 | 6 | |||||||||||||||||||||||||
Loan | 68 | Ramada - Canton | 0.3% | 07/25/2014 | 09/06/2014 | 08/06/2024 | No | 08/06/2024 | 24,998 | 299,980 | Springing Hard | Springing | No | 1.79x | 1.58x | 0 | 6 | |||||||||||||||||||||||||
Loan | 69 | Westbrook MHP | 0.2% | 04/28/2014 | 06/06/2014 | 05/06/2024 | No | 05/06/2024 | 19,381 | 232,572 | None | NAP | No | 1.65x | 1.61x | 0 | 6 | |||||||||||||||||||||||||
Loan | 70 | The Cedars Apartments | 0.1% | 07/18/2014 | 09/06/2014 | 08/06/2024 | No | 08/06/2024 | 6,579 | 78,948 | 59 | None | NAP | No | 1.57x | 1.47x | 0 | 6 |
A-1-2
COMM 2014-UBS5 | ||||||||||||||||||||||||||||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||||||||||||||||||||||||||||
Net | Loan per Net | |||||||||||||||||||||||||||||||||||
% of | FIRREA | Cut-Off | Rentable Area | Units | Rentable Area | |||||||||||||||||||||||||||||||
Property | Initial Pool | Appraised | Appraisal | Compliant | Date LTV | LTV Ratio at | Year | Year | (Units/Rooms/Pads | of | (SF/Units/Beds | |||||||||||||||||||||||||
Flag | ID | Property Name | Balance | Value ($)(14) | As-of Date | (Yes/No) | Ratio(13)(14)(15) | Maturity or ARD(13)(14)(15) | Address | City | County | State | Zip Code | Built | Renovated | NRA/Spaces) | Measure | Rooms/Pads/Space) ($)(13) | ||||||||||||||||||
Loan | 1 | Loews Miami Beach Hotel (31) | 8.5% | 565,000,000 | 07/09/2014 | Yes | 53.1% | 53.1% | 1601 Collins Avenue | Miami Beach | Miami-Dade | FL | 33139 | 1998 | 2008-2010 | 790 | Rooms | 379,747 | ||||||||||||||||||
Loan | 2 | Canyon Ranch Portfolio (31) | 5.3% | 282,100,000 | Various | Yes | 53.2% | 48.4% | Various | Various | Various | Various | Various | Various | Various | 277 | Rooms | 541,516 | ||||||||||||||||||
Property | 2.01 | Canyon Ranch - Tucson | 3.3% | 178,100,000 | 06/19/2014 | Yes | 8600 East Rockcliff Road | Tucson | Pima | AZ | 85750 | 1979 | 2004-2006; 2007 | 151 | Rooms | 313,578 | ||||||||||||||||||||
Property | 2.02 | Canyon Ranch - Lenox | 2.0% | 104,000,000 | 06/24/2014 | Yes | 165 Kemble Street | Lenox | Berkshire | MA | 01240 | 1897; 1989-1990; 2003 | 2004-2007 | 126 | Rooms | 219,443 | ||||||||||||||||||||
Loan | 3 | 30 Dunnigan | 4.6% | 102,000,000 | 06/06/2014 | Yes | 63.6% | 46.9% | 30 Dunnigan Drive | Suffern | Rockland | NY | 10901 | 1976 | 2013-2014 | 893,127 | Sq. Ft. | 73 | ||||||||||||||||||
Loan | 4 | Summit Rancho Bernardo (32)(34) | 4.5% | 94,000,000 | 06/04/2014 | Yes | 68.1% | 63.0% | 16620 West Bernardo Drive | San Diego | San Diego | CA | 92127 | 2009 | NAP | 196,734 | Sq. Ft. | 325 | ||||||||||||||||||
Loan | 5 | MarqE Entertainment Center | 4.5% | 84,750,000 | 04/03/2014 | Yes | 74.6% | 69.4% | 7620 Katy Freeway | Houston | Harris | TX | 77024 | 1999 | 2011 | 343,827 | Sq. Ft. | 184 | ||||||||||||||||||
Loan | 6 | 6100 Wilshire (34) | 4.1% | 87,000,000 | 07/21/2014 | Yes | 66.1% | 66.1% | 6100 Wilshire Boulevard | Los Angeles | Los Angeles | CA | 90048 | 1986 | 2010 | 213,556 | Sq. Ft. | 269 | ||||||||||||||||||
Loan | 7 | State Farm Portfolio (31) | 3.9% | 540,100,000 | 03/01/2014 | Yes | 71.0% | 71.0% | Various | Various | Various | Various | Various | Various | Various | 3,397,783 | Sq. Ft. | 113 | ||||||||||||||||||
Property | 7.01 | Charlottesville State Farm Office | 0.5% | 72,900,000 | 03/01/2014 | Yes | 1500 State Farm Boulevard | Charlottesville | Albemarle | VA | 22909 | 1978 | 2012 | 362,155 | Sq. Ft. | 143 | ||||||||||||||||||||
Property | 7.02 | Murfreesboro State Farm Office | 0.5% | 64,100,000 | 03/01/2014 | Yes | 2500 Memorial Boulevard | Murfreesboro | Rutherford | TN | 37131 | 1989 | NAP | 402,177 | Sq. Ft. | 113 | ||||||||||||||||||||
Property | 7.03 | Ballston Spa State Farm Office | 0.4% | 57,500,000 | 03/01/2014 | Yes | 100 State Farm Place | Malta | Saratoga | NY | 12020 | 1991 | 2012 | 336,382 | Sq. Ft. | 121 | ||||||||||||||||||||
Property | 7.04 | Birmingham State Farm Office | 0.4% | 52,500,000 | 03/01/2014 | Yes | 100 State Farm Parkway | Birmingham | Jefferson | AL | 35209 | 1992 | NAP | 312,989 | Sq. Ft. | 119 | ||||||||||||||||||||
Property | 7.05 | Tulsa State Farm Office | 0.3% | 46,500,000 | 03/01/2014 | Yes | 12222 State Farm Boulevard | Tulsa | Tulsa | OK | 74146 | 1989 | NAP | 287,580 | Sq. Ft. | 115 | ||||||||||||||||||||
Property | 7.06 | Columbia State Farm Office | 0.3% | 46,300,000 | 03/01/2014 | Yes | 4700 South Providence Road | Columbia | Boone | MO | 65203 | 1992 | 2008-2013 | 335,049 | Sq. Ft. | 98 | ||||||||||||||||||||
Property | 7.07 | Jacksonville State Farm Office | 0.3% | 46,000,000 | 03/01/2014 | Yes | 8001 Baymeadows Way | Jacksonville | Duval | FL | 32256 | 1977 | NAP | 302,440 | Sq. Ft. | 108 | ||||||||||||||||||||
Property | 7.08 | Lincoln North State Farm Office | 0.2% | 33,800,000 | 03/01/2014 | Yes | 222 South 84th Street | Lincoln | Lancaster | NE | 68510 | 1988 | 2011 | 224,175 | Sq. Ft. | 107 | ||||||||||||||||||||
Property | 7.09 | Greeley Central State Farm Office | 0.2% | 30,500,000 | 03/01/2014 | Yes | 1555 Promontory Circle | Greeley | Weld | CO | 80634 | 2003 | NAP | 194,203 | Sq. Ft. | 112 | ||||||||||||||||||||
Property | 7.10 | New Albany State Farm Office | 0.2% | 26,100,000 | 03/01/2014 | Yes | 5400 New Albany Road East | New Albany | Franklin | OH | 43054 | 2002 | NAP | 148,782 | Sq. Ft. | 125 | ||||||||||||||||||||
Property | 7.11 | Lincoln South State Farm Office | 0.1% | 19,400,000 | 03/01/2014 | Yes | 500 South 84th Street | Lincoln | Lancaster | NE | 68510 | 2000 | 2007 | 128,971 | Sq. Ft. | 107 | ||||||||||||||||||||
Property | 7.12 | Greeley South State Farm Office | 0.1% | 16,700,000 | 03/01/2014 | Yes | 1555 Promontory Circle | Greeley | Weld | CO | 80634 | 2003 | NAP | 112,874 | Sq. Ft. | 105 | ||||||||||||||||||||
Property | 7.13 | Kalamazoo State Farm Office | 0.1% | 14,200,000 | 03/01/2014 | Yes | 5564 Portage Road | Portage | Kalamazoo | MI | 49002 | 1989 | 1998 | 105,639 | Sq. Ft. | 95 | ||||||||||||||||||||
Property | 7.14 | Greeley North State Farm Office | 0.1% | 13,600,000 | 03/01/2014 | Yes | 1555 Promontory Circle | Greeley | Weld | CO | 80634 | 2001 | NAP | 144,367 | Sq. Ft. | 67 | ||||||||||||||||||||
Loan | 8 | Quakerbridge | 3.4% | 67,000,000 | 06/03/2014 | Yes | 71.6% | 63.8% | Quakerbridge Plaza Drive | Hamilton | Mercer | NJ | 08619 | 1981, 1985, 1986, 2003 | NAP | 425,859 | Sq. Ft. | 113 | ||||||||||||||||||
Loan | 9 | Overland Park Marriott (29)(32) | 3.0% | 56,500,000 | 05/30/2014 | Yes | 74.3% | 67.6% | 10800 Metcalf Avenue | Overland Park | Johnson | KS | 66210 | 1984 | 2009 | 398 | Rooms | 105,528 | ||||||||||||||||||
Loan | 10 | Town Park Ravine I, II, III (34) | 2.9% | 57,500,000 | 06/17/2014 | Yes | 71.5% | 65.3% | Various | Kennesaw | Cobb | GA | 30144 | Various | NAP | 367,090 | Sq. Ft. | 112 | ||||||||||||||||||
Property | 10.01 | Town Park Ravine II | 1.0% | 20,500,000 | 06/17/2014 | Yes | 600 TownPark Lane | Kennesaw | Cobb | GA | 30144 | 2001 | NAP | 133,163 | Sq. Ft. | 110 | ||||||||||||||||||||
Property | 10.02 | Town Park Ravine I | 1.0% | 19,800,000 | 06/17/2014 | Yes | 245 TownPark Drive | Kennesaw | Cobb | GA | 30144 | 1999 | NAP | 133,157 | Sq. Ft. | 106 | ||||||||||||||||||||
Property | 10.03 | Town Park Ravine III | 0.9% | 17,200,000 | 06/17/2014 | Yes | 3550 George Busbee Parkway | Kennesaw | Cobb | GA | 30144 | 2006 | NAP | 100,770 | Sq. Ft. | 122 | ||||||||||||||||||||
Loan | 11 | 412 West 14th Street | 2.8% | 63,000,000 | 06/25/2014 | Yes | 63.5% | 63.5% | 412 West 14th Street | New York | New York | NY | 10014 | 1900 | 2002 | 16,603 | Sq. Ft. | 2,409 | ||||||||||||||||||
Loan | 12 | Ellinwood Office Complex | 2.5% | 48,400,000 | 07/22/2014 | Yes | 72.3% | 58.5% | 300, 400, and 500 Ellinwood Way | Pleasant Hill | Contra Costa | CA | 94523 | 1985 | 2008 | 137,232 | Sq. Ft. | 255 | ||||||||||||||||||
Loan | 13 | Ridgmar Mall (32) | 2.3% | 66,400,000 | 08/24/2013 | Yes | 49.7% | 47.1% | 1888 Green Oaks Road | Fort Worth | Tarrant | TX | 76116 | 1976 | 2003 | 396,955 | Sq. Ft. | 83 | ||||||||||||||||||
Loan | 14 | Breakwater Hotel | 2.2% | 48,000,000 | 07/28/2014 | Yes | 65.1% | 59.9% | 940 - 960 Ocean Drive | Miami Beach | Miami-Dade | FL | 33139 | 1939 | 2011 | 99 | Rooms | 315,657 | ||||||||||||||||||
Loan | 15 | Harwood Center (31)(34) | 2.1% | 124,000,000 | 06/02/2014 | Yes | 72.6% | 63.8% | 1999 Bryan Street | Dallas | Dallas | TX | 75201 | 1982 | 2014 | 723,963 | Sq. Ft. | 124 | ||||||||||||||||||
Loan | 16 | Seacourt Pavilion | 2.1% | 40,000,000 | 06/03/2014 | Yes | 73.0% | 65.5% | 635 Bay Avenue | Toms River | Ocean | NJ | 08753 | 1989 | NAP | 248,727 | Sq. Ft. | 121 | ||||||||||||||||||
Loan | 17 | Fairlane Meadows Apartments | 2.1% | 40,000,000 | 06/26/2014 | Yes | 75.0% | 68.8% | 4900 Heather Drive | Dearborn | Wayne | MI | 48126 | 1986 | 2014 | 488 | Units | 61,475 | ||||||||||||||||||
Loan | 18 | Hampton Inn - Columbus (34) | 1.9% | 38,000,000 | 07/24/2014 | Yes | 69.7% | 61.2% | 501 North High Street | Columbus | Franklin | OH | 43215 | 2000 | 2013 | 179 | Rooms | 148,045 | ||||||||||||||||||
Loan | 19 | The Campus at Greenhill (34) | 1.8% | 34,400,000 | 04/28/2014 | Yes | 68.6% | 61.4% | 108 Leigus Road; 1127 Barnes Road | Wallingford | New Haven | CT | 06492 | 2007; 2012 | NAP | 287,967 | Sq. Ft. | 89 | ||||||||||||||||||
Loan | 20 | 315 South Beverly Drive (32) | 1.5% | 29,800,000 | 04/09/2014 | Yes | 70.5% | 66.5% | 315 South Beverly Drive | Beverly Hills | Los Angeles | CA | 90212 | 1961 | 2006 | 68,064 | Sq. Ft. | 309 | ||||||||||||||||||
Loan | 21 | Commons at Madera Fair | 1.5% | 28,000,000 | 06/24/2014 | Yes | 75.0% | 64.5% | 1950 West Cleveland Avenue | Madera | Madera | CA | 93637 | 2008-2014 | NAP | 297,846 | Sq. Ft. | 71 | ||||||||||||||||||
Loan | 22 | SRC Multifamily Portfolio Pool 1 | 1.4% | 23,590,000 | 05/13/2014 | Yes | 70.1% | 64.9% | Various | Beaumont | Jefferson | TX | Various | Various | NAP | 537 | Units | 36,592 | ||||||||||||||||||
Property | 22.01 | Towne Oaks | 0.6% | 9,230,000 | 05/13/2014 | Yes | 6550 Lexington Drive | Beaumont | Jefferson | TX | 77706 | 1975 | NAP | 185 | Units | 42,703 | ||||||||||||||||||||
Property | 22.02 | French Road | 0.5% | 8,630,000 | 05/13/2014 | Yes | 3155 French Road | Beaumont | Jefferson | TX | 77706 | 1973 | NAP | 200 | Units | 35,000 | ||||||||||||||||||||
Property | 22.03 | Ashley Park | 0.3% | 5,730,000 | 05/13/2014 | Yes | 3190 Eastex Freeway | Beaumont | Jefferson | TX | 77703 | 1980 | NAP | 152 | Units | 31,250 | ||||||||||||||||||||
Loan | 23 | Homewood Suites by Hilton - Newark | 1.3% | 30,000,000 | 06/27/2014 | Yes | 63.3% | 51.2% | 39270 Cedar Boulevard | Newark | Alameda | CA | 94560 | 1999 | NAP | 192 | Rooms | 98,840 | ||||||||||||||||||
Loan | 24 | Springhill Suites Atlanta Airport Gateway Center | 1.2% | 23,100,000 | 06/12/2014 | Yes | 71.4% | 57.8% | 2091 Convention Center Concourse | College Park | Clayton; Fulton | GA | 30337 | 2009 | NAP | 147 | Rooms | 112,245 | ||||||||||||||||||
Loan | 25 | Roebuck Marketplace (29) | 1.2% | 22,300,000 | 05/13/2014 | Yes | 73.9% | 60.4% | 9120 Parkway East | Birmingham | Jefferson | AL | 35206 | 1957 | 2010 | 193,481 | Sq. Ft. | 85 | ||||||||||||||||||
Loan | 26 | Eden’s Edge Apartments | 1.2% | 22,300,000 | 05/02/2014 | Yes | 73.9% | 67.7% | 7101 Wilson Boulevard | Jacksonville | Duval | FL | 32210 | 2007 | 2012 | 244 | Units | 67,543 | ||||||||||||||||||
Loan | 27 | Queens Crossing Office Condos | 1.1% | 25,200,000 | 04/28/2014 | Yes | 63.4% | 52.5% | 38-25 Main Street | Flushing | Queens | NY | 11354 | 2007 | NAP | 23,507 | Sq. Ft. | 680 | ||||||||||||||||||
Loan | 28 | 4247 Eastern Avenue SE (29) | 1.1% | 20,600,000 | 07/10/2014 | Yes | 74.7% | 65.8% | 4247 Eastern Avenue Southeast | Wyoming | Kent | MI | 49508 | 1959-1961 | 2010, 2012, 2013 | 434,039 | Sq. Ft. | 35 | ||||||||||||||||||
Loan | 29 | Port O’Call Apartments | 1.0% | 15,750,000 | 05/07/2014 | Yes | 74.9% | 63.9% | 56 Port O’Call Drive | Indianapolis | Marion | IN | 46224 | 1966-1972 | 2006-2012 | 618 | Units | 23,625 | ||||||||||||||||||
Loan | 30 | Allred Airport Center I | 1.0% | 18,675,000 | 05/27/2014 | Yes | 75.0% | 68.6% | 2440, 2450, 2460 East Germann Road | Chandler | Maricopa | AZ | 85286 | 2007 | NAP | 186,827 | Sq. Ft. | 75 | ||||||||||||||||||
Loan | 31 | SpringHill Suites Lake Charles | 1.0% | 20,500,000 | 04/01/2014 | Yes | 68.0% | 60.7% | 1551 West Prien Lake Road | Lake Charles | Calcasieu | LA | 70601 | 2011 | NAP | 108 | Rooms | 129,003 | ||||||||||||||||||
Loan | 32 | Legacy Pavilion Parking Deck | 1.0% | 19,000,000 | 07/30/2014 | Yes | 71.1% | 57.6% | 275 Baker Street | Atlanta | Fulton | GA | 30313 | 2008 | NAP | 652 | Spaces | 20,706 | ||||||||||||||||||
Loan | 33 | Rand Tower Minneapolis (34) | 0.9% | 17,100,000 | 06/05/2014 | Yes | 75.0% | 63.6% | 527 Marquette Avenue South | Minneapolis | Hennepin | MN | 55402 | 1929 | 1999 | 145,606 | Sq. Ft. | 88 | ||||||||||||||||||
Loan | 34 | 431 Waverley | 0.9% | 22,300,000 | 09/01/2014 | Yes | 56.5% | 49.6% | 431 Waverley Street | Palo Alto | Santa Clara | CA | 94301 | 1955 | 2014 | 15,599 | Sq. Ft. | 808 | ||||||||||||||||||
Loan | 35 | Village at Collin Creek | 0.9% | 16,500,000 | 05/23/2014 | Yes | 73.3% | 64.4% | 601 West Plano Parkway; 700 Alma Drive | Plano | Collin | TX | 75075 | 1985; 1986 | NAP | 123,314 | Sq. Ft. | 98 | ||||||||||||||||||
Loan | 36 | Honey Creek III (32) | 0.8% | 17,500,000 | 07/01/2014 | Yes | 68.6% | 58.7% | 135 South 84th Street | Milwaukee | Milwaukee | WI | 53214 | 2000 | NAP | 118,072 | Sq. Ft. | 102 | ||||||||||||||||||
Loan | 37 | Town Point Center (33) | 0.8% | 15,200,000 | 05/26/2014 | Yes | 75.0% | 72.7% | 150 Boush Street | Norfolk | Norfolk | VA | 23510 | 1986 | NAP | 131,484 | Sq. Ft. | 87 | ||||||||||||||||||
Loan | 38 | Asurion Building | 0.8% | 16,100,000 | 05/29/2014 | Yes | 70.7% | 57.2% | 4025 South 32nd Street | Phoenix | Maricopa | AZ | 85040 | 2012 | NAP | 80,309 | Sq. Ft. | 142 | ||||||||||||||||||
Loan | 39 | Best Buy Newport News | 0.8% | 18,200,000 | 05/23/2014 | Yes | 60.6% | 60.6% | 12151 Jefferson Avenue | Newport News | Newport News City | VA | 23602 | 1994 | 2001 | 135,015 | Sq. Ft. | 82 | ||||||||||||||||||
Loan | 40 | Westside Urban Market II | 0.7% | 19,500,000 | 06/27/2014 | Yes | 53.8% | 43.4% | 1198-1200 Howell Mill Road Northwest | Atlanta | Fulton | GA | 30318 | 1935, 1982, 1985 | 1999-2000 | 40,103 | Sq. Ft. | 262 | ||||||||||||||||||
Loan | 41 | White Marsh Business Center | 0.7% | 13,300,000 | 06/25/2014 | Yes | 71.3% | 57.9% | 5020, 5022, 5024, 5026 Campbell Boulevard | White Marsh | Baltimore | MD | 21236 | 1986 | NAP | 135,203 | Sq. Ft. | 76 | ||||||||||||||||||
Loan | 42 | Eden Way Storage | 0.7% | 15,250,000 | 06/24/2014 | Yes | 67.5% | 57.7% | 716 Eden Way North | Chesapeake | Virginia | VA | 23320 | 2004, 2008 | NAP | 112,979 | Sq. Ft. | 91 | ||||||||||||||||||
Loan | 43 | Southgate Shopping Center | 0.7% | 15,400,000 | 06/27/2014 | Yes | 63.3% | 55.9% | 1631 Gordon Highway | Augusta | Richmond | GA | 30906 | 1958, 1960 | 2013 | 283,671 | Sq. Ft. | 34 | ||||||||||||||||||
Loan | 44 | Aurora City Square (29) | 0.6% | 11,630,000 | 07/01/2014 | Yes | 73.9% | 59.8% | 13801-14157 East Exposition Avenue | Aurora | Arapahoe | CO | 80012 | 1983 | NAP | 141,813 | Sq. Ft. | 61 | ||||||||||||||||||
Loan | 45 | Lilburn Corners | 0.6% | 11,500,000 | 04/09/2014 | Yes | 74.8% | 65.8% | 375 Rockbridge Road | Lilburn | Gwinnett | GA | 30047 | 1988 | 2003 | 105,161 | Sq. Ft. | 82 | ||||||||||||||||||
Loan | 46 | West Clinic Portfolio | 0.6% | 12,825,000 | 04/23/2014 | Yes | 64.9% | 64.9% | Various | Various | Various | Various | Various | Various | Various | 33,001 | Sq. Ft. | 252 | ||||||||||||||||||
Property | 46.01 | West Clinic - Memphis | 0.3% | 5,575,000 | 04/23/2014 | Yes | 1580 Union Avenue | Memphis | Shelby | TN | 38104 | 1963 | 2004, 2013 | 13,874 | Sq. Ft. | 261 | ||||||||||||||||||||
Property | 46.02 | West Clinic - Southaven | 0.2% | 4,350,000 | 04/23/2014 | Yes | 7668 Airways Boulevard | Southaven | DeSoto | MS | 38671 | 2003 | NAP | 10,841 | Sq. Ft. | 261 | ||||||||||||||||||||
Property | 46.03 | West Clinic - Brighton | 0.1% | 2,900,000 | 04/23/2014 | Yes | 240 Grandview Drive | Brighton | Tipton | TN | 38011 | 2008 | NAP | 8,286 | Sq. Ft. | 227 | ||||||||||||||||||||
Loan | 47 | Southridge Plaza | 0.6% | 10,800,000 | 06/16/2014 | Yes | 74.1% | 67.7% | 5405-5496 South 76th Street | Greendale | Milwaukee | WI | 53129 | 1974 | 2003 | 80,813 | Sq. Ft. | 99 | ||||||||||||||||||
Loan | 48 | Stoney Creek Apartments | 0.5% | 10,550,000 | 06/18/2014 | Yes | 72.8% | 62.0% | 2067 Creekview Court | Reynoldsburg | Franklin | OH | 43068 | 1986 | 2013 | 232 | Units | 33,103 | ||||||||||||||||||
Loan | 49 | Ramada Minnesota and La Quinta Idaho | 0.5% | 12,200,000 | Various | Yes | 62.8% | 49.6% | Various | Various | Various | Various | Various | Various | Various | 162 | Rooms | 47,267 | ||||||||||||||||||
Property | 49.01 | Ramada Marshall | 0.3% | 7,700,000 | 04/01/2014 | Yes | 1500 East College Drive | Marshall | Lyon | MN | 56258 | 1973 | 2013 | 100 | Rooms | 45,784 | ||||||||||||||||||||
Property | 49.02 | La Quinta Inn & Suites Coeur D’Alene East | 0.2% | 4,500,000 | 04/07/2014 | Yes | 2209 East Sherman Avenue | Coeur d’Alene | Kootenai | ID | 83814 | 1995 | 2006 | 62 | Rooms | 49,659 | ||||||||||||||||||||
Loan | 50 | South Blanding Village (29) | 0.5% | 10,460,000 | 05/29/2015 | Yes | 66.4% | 59.3% | 700 Blanding Boulevard | Orange Park | Clay | FL | 32065 | 1987 | NAP | 108,805 | Sq. Ft. | 70 | ||||||||||||||||||
Loan | 51 | North Hills Shopping Center (29) | 0.5% | 11,500,000 | 06/13/2014 | Yes | 65.3% | 47.6% | 3350-3364 Chamblee Tucker Road | Atlanta | DeKalb | GA | 30341 | 1981 | 2013 | 103,028 | Sq. Ft. | 73 | ||||||||||||||||||
Loan | 52 | MKL Houston Portfolio | 0.5% | 12,410,000 | Various | Yes | 60.4% | 55.9% | Various | Houston | Harris | TX | Various | Various | Various | 38,452 | Sq. Ft. | 195 | ||||||||||||||||||
Property | 52.01 | Rice Properties | 0.3% | 7,000,000 | 06/25/2014 | Yes | 2408-2424 Rice Boulevard | Houston | Harris | TX | 77005 | 1950 - 1951 | NAP | 18,629 | Sq. Ft. | 237 | ||||||||||||||||||||
Property | 52.02 | Richmond Properties | 0.2% | 3,900,000 | 06/25/2014 | Yes | 5501-5513, 5523-5539 Richmond Avenue | Houston | Harris | TX | 77056 | 1960 | 1975 | 18,303 | Sq. Ft. | 127 | ||||||||||||||||||||
Property | 52.03 | Sonic | 0.1% | 1,510,000 | 06/26/2014 | Yes | 8504 Main Street | Houston | Harris | TX | 77025 | 2001 | NAP | 1,520 | Sq. Ft. | 497 | ||||||||||||||||||||
Loan | 53 | Shops at Cypress Creek | 0.5% | 9,630,000 | 05/05/2014 | Yes | 74.8% | 64.5% | 10920 Fry Road | Cypress | Harris | TX | 77433 | 2013 | NAP | 29,529 | Sq. Ft. | 244 | ||||||||||||||||||
Loan | 54 | Peachtree Square Shopping Center | 0.5% | 11,000,000 | 06/04/2014 | Yes | 59.1% | 50.2% | 2274-2298 Peachtree Road | Atlanta | Fulton | GA | 30309 | 1985 | 2004 | 34,929 | Sq. Ft. | 186 | ||||||||||||||||||
Loan | 55 | Holiday Inn Express Leland-Wilmington | 0.5% | 9,600,000 | 06/01/2014 | Yes | 67.3% | 50.0% | 1020 Grandiflora Drive | Leland | Brunswick | NC | 28451 | 2009 | 2013 | 105 | Rooms | 61,567 | ||||||||||||||||||
Loan | 56 | Hampton Inn & Suites Waxahachie | 0.4% | 9,250,000 | 07/06/2014 | Yes | 67.0% | 50.3% | 2010 Civic Center Lane | Waxahachie | Ellis | TX | 75165 | 2006 | 2011-2012 | 86 | Rooms | 72,093 | ||||||||||||||||||
Loan | 57 | The Terraces at Windy Hill | 0.4% | 8,800,000 | 05/07/2014 | Yes | 68.8% | 60.7% | 3000 Windy Hill Road | Marietta | Cobb | GA | 30067 | 1985 | NAP | 74,500 | Sq. Ft. | 81 | ||||||||||||||||||
Loan | 58 | Suburban Extended Stay Portfolio (34) | 0.4% | 8,000,000 | Various | Yes | 73.8% | 60.2% | Various | Various | Various | Various | Various | Various | NAP | 254 | Rooms | 23,228 | ||||||||||||||||||
Property | 58.01 | Suburban Extended Stay Charlotte | 0.2% | 4,300,000 | 06/05/2014 | Yes | 8615 Hankins Road | Charlotte | Mecklenburg | NC | 28269 | 2000 | NAP | 127 | Rooms | 25,197 | ||||||||||||||||||||
Property | 58.02 | Suburban Extended Stay Hermitage | 0.2% | 3,700,000 | 05/28/2014 | Yes | 3910 Central Pike | Hermitage | Davidson | TN | 37076 | 1999 | NAP | 127 | Rooms | 21,260 | ||||||||||||||||||||
Loan | 59 | Sarno Business Complex | 0.4% | 10,400,000 | 04/25/2014 | Yes | 55.8% | 42.6% | 1020-2260 Sarno Road | Melbourne | Brevard | FL | 32935 | 1962 | 1997 | 138,705 | Sq. Ft. | 42 | ||||||||||||||||||
Loan | 60 | Tower Crossing | 0.4% | 7,550,000 | 05/19/2014 | Yes | 75.0% | 64.3% | 4404 South 109th East Avenue | Tulsa | Tulsa | OK | 74146 | 1981, 2014 | 2013 | 216 | Units | 26,215 | ||||||||||||||||||
Loan | 61 | Sprouts Farmers Market | 0.4% | 9,700,000 | 02/17/2014 | Yes | 54.3% | 45.1% | 23105 Cinco Ranch Boulevard | Katy | Fort Bend | TX | 77494 | 2013 | NAP | 24,448 | Sq. Ft. | 216 | ||||||||||||||||||
Loan | 62 | Pacific Gillespie IV | 0.4% | 7,000,000 | 05/27/2014 | Yes | 72.9% | 64.1% | 1870-1920 Cordell Court | El Cajon | San Diego | CA | 92020 | 2002 | NAP | 68,616 | Sq. Ft. | 74 | ||||||||||||||||||
Loan | 63 | Shoppes at Mallory | 0.3% | 6,600,000 | 06/13/2014 | Yes | 73.9% | 63.9% | 1731 Mallory Lane | Brentwood | Williamson | TN | 37027 | 2007 | NAP | 26,114 | Sq. Ft. | 187 | ||||||||||||||||||
Loan | 64 | Dividend II | 0.3% | 6,700,000 | 06/20/2014 | Yes | 68.7% | 56.1% | 665 Highway 74 South | Peachtree City | Fayette | GA | 30269 | 1989, 2000, 2001 | NAP | 116,909 | Sq. Ft. | 39 | ||||||||||||||||||
Loan | 65 | Winn Dixie - Millbrook | 0.3% | 6,100,000 | 04/25/2014 | Yes | 72.4% | 54.6% | 3621 Alabama 14 | Millbrook | Elmore | AL | 36054 | 2003 | NAP | 50,002 | Sq. Ft. | 88 | ||||||||||||||||||
Loan | 66 | Comfort Suites Greensboro | 0.3% | 7,300,000 | 07/29/2013 | Yes | 59.6% | 54.6% | 3308 Isler Street | Greensboro | Guilford | NC | 27407 | 2008 | NAP | 80 | Rooms | 54,398 | ||||||||||||||||||
Loan | 67 | Hapeville Gateway | 0.3% | 5,525,000 | 05/23/2014 | Yes | 74.1% | 62.4% | 1155 Virginia Avenue | Hapeville | Fulton | GA | 30354 | 2006 | NAP | 29,931 | Sq. Ft. | 137 | ||||||||||||||||||
Loan | 68 | Ramada - Canton | 0.3% | 5,200,000 | 06/11/2014 | Yes | 69.1% | 44.7% | 4914 Everhard Road Northwest | Canton | Stark | OH | 44718 | 1991 | NAP | 100 | Rooms | 35,924 | ||||||||||||||||||
Loan | 69 | Westbrook MHP | 0.2% | 5,010,000 | 02/27/2014 | Yes | 64.6% | 54.9% | 4423 Gassner Road | Brookshire | Waller | TX | 77423 | 1972 | 1995 | 181 | Pads | 17,892 | ||||||||||||||||||
Loan | 70 | The Cedars Apartments | 0.1% | 1,650,000 | 06/24/2014 | Yes | 75.0% | 69.1% | 315 Cedar Street | Cedar Hill | Dallas | TX | 75104 | 1971 | NAP | 32 | Units | 38,672 |
A-1-3
COMM 2014-UBS5 | ||||||||||||||||||||||||||||||||||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||||||||||||||||||||||||||||||||||
% of | Second Most | Second | Second | Second | Third Most | Third | Third | Third | ||||||||||||||||||||||||||||||||||
Property | Initial Pool | Prepayment Provisions | Most Recent Operating | Most Recent | Most Recent | Most Recent | Recent Operating | Most Recent | Most Recent | Most Recent | Recent Operating | Most Recent | Most Recent | Most Recent | Underwritten NOI | Underwritten NCF | Underwritten | Underwritten | Underwritten | |||||||||||||||||||||||
Flag | ID | Property Name | Balance | (# of payments)(17) | Statements Date | EGI ($) | Expenses($) | NOI($) | Statements Date | EGI($) | Expenses($) | NOI($) | Statements Date | EGI($) | Expenses($) | NOI($) | Debt Yield(13)(15) | Debt Yield(13)(15) | Revenue($) | EGI($) | Expenses($) | |||||||||||||||||||||
Loan | 1 | Loews Miami Beach Hotel (31) | 8.5% | L(24), D(92), O(4) | T-12 6/30/2014 | 123,867,999 | 82,392,044 | 41,475,955 | 12/31/2013 | 118,363,667 | 79,330,203 | 39,033,464 | 12/31/2012 | 113,836,896 | 78,003,918 | 35,832,978 | 13.7% | 12.1% | 80,302,395 | 123,867,999 | 82,705,538 | |||||||||||||||||||||
Loan | 2 | Canyon Ranch Portfolio (31) | 5.3% | L(24), D(92), O(4) | T-12 6/30/2014 | 98,371,191 | 73,959,283 | 24,411,908 | 12/31/2013 | 95,272,918 | 72,253,945 | 23,018,973 | 12/31/2012 | 89,132,188 | 69,066,993 | 20,065,195 | 16.2% | 13.6% | 50,331,693 | 98,371,191 | 74,051,011 | |||||||||||||||||||||
Property | 2.01 | Canyon Ranch - Tucson | 3.3% | T-12 6/30/2014 | 55,278,048 | 40,310,848 | 14,967,200 | 12/31/2013 | 52,227,659 | 38,757,207 | 13,470,452 | 12/31/2012 | 48,568,084 | 36,736,855 | 11,831,229 | 27,782,437 | 55,278,048 | 40,290,991 | ||||||||||||||||||||||||
Property | 2.02 | Canyon Ranch - Lenox | 2.0% | T-12 6/30/2014 | 43,093,142 | 33,648,435 | 9,444,707 | 12/31/2013 | 43,045,259 | 33,496,738 | 9,548,521 | 12/31/2012 | 40,564,104 | 32,330,138 | 8,233,966 | 22,549,256 | 43,093,142 | 33,760,020 | ||||||||||||||||||||||||
Loan | 3 | 30 Dunnigan | 4.6% | L(25), D(91), O(4) | T-12 5/31/2014 | 5,872,536 | 2,647,805 | 3,224,731 | 12/31/2013 | 5,597,051 | 2,447,249 | 3,149,802 | 12.9% | 12.3% | 8,931,270 | 11,368,282 | 3,009,720 | |||||||||||||||||||||||||
Loan | 4 | Summit Rancho Bernardo (32)(34) | 4.5% | L(24), D(89), O(7) | 12/31/2013 | 7,133,147 | 1,475,617 | 5,657,530 | 12/31/2012 | 6,099,674 | 1,436,157 | 4,663,517 | 12/31/2011 | 2,589,454 | 1,331,183 | 1,258,271 | 8.7% | 8.7% | 6,038,947 | 7,187,694 | 1,610,848 | |||||||||||||||||||||
Loan | 5 | MarqE Entertainment Center | 4.5% | L(27), D(30), O(3) | T-12 3/31/2014 | 10,724,873 | 4,363,629 | 6,361,244 | 12/31/2013 | 10,325,754 | 4,544,832 | 5,780,922 | 12/31/2012 | 9,764,225 | 4,142,466 | 5,621,759 | 9.9% | 9.3% | 7,952,526 | 11,007,688 | 4,780,546 | |||||||||||||||||||||
Loan | 6 | 6100 Wilshire (34) | 4.1% | L(25), D(88), O(7) | T-12 6/30/2014 | 7,198,174 | 3,363,506 | 3,834,668 | 12/31/2013 | 7,076,577 | 3,231,663 | 3,844,914 | 12/31/2012 | 6,014,583 | 2,883,366 | 3,131,217 | 8.4% | 7.9% | 6,609,531 | 8,134,038 | 3,283,795 | |||||||||||||||||||||
Loan | 7 | State Farm Portfolio (31) | 3.9% | L(29), D(87), O(4) | 9.5% | 9.5% | 32,795,862 | 36,587,870 | ||||||||||||||||||||||||||||||||||
Property | 7.01 | Charlottesville State Farm Office | 0.5% | 4,345,860 | 4,903,746 | |||||||||||||||||||||||||||||||||||||
Property | 7.02 | Murfreesboro State Farm Office | 0.5% | 3,820,682 | 4,311,150 | |||||||||||||||||||||||||||||||||||||
Property | 7.03 | Ballston Spa State Farm Office | 0.4% | 3,447,916 | 3,890,531 | |||||||||||||||||||||||||||||||||||||
Property | 7.04 | Birmingham State Farm Office | 0.4% | 3,129,890 | 3,531,680 | |||||||||||||||||||||||||||||||||||||
Property | 7.05 | Tulsa State Farm Office | 0.3% | 2,803,905 | 3,163,847 | |||||||||||||||||||||||||||||||||||||
Property | 7.06 | Columbia State Farm Office | 0.3% | 2,764,154 | 3,118,993 | |||||||||||||||||||||||||||||||||||||
Property | 7.07 | Jacksonville State Farm Office | 0.3% | 2,721,960 | 3,071,383 | |||||||||||||||||||||||||||||||||||||
Property | 7.08 | Lincoln North State Farm Office | 0.2% | 2,017,575 | 2,276,575 | |||||||||||||||||||||||||||||||||||||
Property | 7.09 | Greeley Central State Farm Office | 0.2% | 1,796,378 | 2,026,982 | |||||||||||||||||||||||||||||||||||||
Property | 7.10 | New Albany State Farm Office | 0.2% | 1,562,211 | 1,762,755 | |||||||||||||||||||||||||||||||||||||
Property | 7.11 | Lincoln South State Farm Office | 0.1% | 1,160,739 | 1,309,745 | |||||||||||||||||||||||||||||||||||||
Property | 7.12 | Greeley South State Farm Office | 0.1% | 1,044,085 | 994,679 | |||||||||||||||||||||||||||||||||||||
Property | 7.13 | Kalamazoo State Farm Office | 0.1% | 845,112 | 953,601 | |||||||||||||||||||||||||||||||||||||
Property | 7.14 | Greeley North State Farm Office | 0.1% | 1,335,395 | 1,272,204 | |||||||||||||||||||||||||||||||||||||
Loan | 8 | Quakerbridge | 3.4% | L(24), D(92), O(4) | T-12 5/31/2014 | 8,318,086 | 3,184,116 | 5,133,970 | 12/31/2013 | 8,363,258 | 3,209,746 | 5,153,512 | 12/31/2012 | 6,591,059 | 3,295,107 | 3,295,952 | 10.4% | 9.1% | 5,820,031 | 8,105,591 | 3,131,738 | |||||||||||||||||||||
Loan | 9 | Overland Park Marriott (29)(32) | 3.0% | L(25), D(31), O(4) | T-12 6/30/2014 | 19,389,365 | 13,926,486 | 5,462,878 | 12/31/2013 | 18,812,184 | 13,513,108 | 5,299,076 | 12/31/2012 | 17,213,107 | 12,613,964 | 4,599,143 | 12.8% | 10.6% | 12,471,922 | 19,191,319 | 13,796,282 | |||||||||||||||||||||
Loan | 10 | Town Park Ravine I, II, III (34) | 2.9% | L(25), D(92), O(3) | T-12 5/31/2014 | 7,331,575 | 2,951,337 | 4,380,238 | 12/31/2013 | 7,009,425 | 2,865,959 | 4,143,466 | 12/31/2012 | 6,610,801 | 2,607,349 | 4,003,452 | 10.9% | 9.4% | 5,738,948 | 7,223,635 | 2,751,576 | |||||||||||||||||||||
Property | 10.01 | Town Park Ravine II | 1.0% | T-12 5/31/2014 | 2,604,906 | 1,031,625 | 1,573,282 | 12/31/2013 | 2,486,194 | 986,252 | 1,499,942 | 12/31/2012 | 2,075,798 | 904,295 | 1,171,502 | 2,173,425 | 2,560,738 | 967,113 | ||||||||||||||||||||||||
Property | 10.02 | Town Park Ravine I | 1.0% | T-12 5/31/2014 | 2,540,069 | 1,154,769 | 1,385,300 | 12/31/2013 | 2,460,564 | 1,147,100 | 1,313,464 | 12/31/2012 | 2,742,173 | 1,008,196 | 1,733,976 | 2,002,702 | 2,549,359 | 1,028,239 | ||||||||||||||||||||||||
Property | 10.03 | Town Park Ravine III | 0.9% | T-12 5/31/2014 | 2,186,600 | 764,943 | 1,421,657 | 12/31/2013 | 2,062,667 | 732,607 | 1,330,060 | 12/31/2012 | 1,792,831 | 694,857 | 1,097,974 | 1,562,821 | 2,113,538 | 756,224 | ||||||||||||||||||||||||
Loan | 11 | 412 West 14th Street | 2.8% | L(24), D(32), O(4) | 7.7% | 7.6% | 3,333,333 | 3,419,568 | 352,104 | |||||||||||||||||||||||||||||||||
Loan | 12 | Ellinwood Office Complex | 2.5% | L(24), D(92), O(4) | T-12 6/30/2014 | 4,291,885 | 1,357,618 | 2,934,267 | 12/31/2013 | 4,245,963 | 1,472,840 | 2,773,123 | 12/31/2012 | 4,207,281 | 1,452,273 | 2,755,008 | 8.5% | 8.4% | 3,145,899 | 4,575,774 | 1,593,829 | |||||||||||||||||||||
Loan | 13 | Ridgmar Mall (32) | 2.3% | L(34), D(23), O(3) | T-12 5/31/2014 | 13,298,975 | 5,128,294 | 8,170,681 | 12/31/2012 | 12,025,212 | 5,688,757 | 6,336,455 | 12/31/2011 | 12,259,289 | 6,175,519 | 6,083,769 | 18.4% | 17.1% | 6,963,571 | 11,469,384 | 5,402,516 | |||||||||||||||||||||
Loan | 14 | Breakwater Hotel | 2.2% | L(24), D(92), O(4) | T-12 6/30/2014 | 7,831,579 | 4,208,793 | 3,622,786 | 12/31/2013 | 7,542,417 | 4,001,407 | 3,541,010 | 12/31/2012 | 6,847,373 | 3,685,890 | 3,161,483 | 11.1% | 10.3% | 5,661,810 | 7,831,579 | 4,354,932 | |||||||||||||||||||||
Loan | 15 | Harwood Center (31)(34) | 2.1% | L(26), D(90), O(4) | T-12 6/30/2014 | 14,709,948 | 6,484,818 | 8,225,130 | 12/31/2013 | 13,777,255 | 6,105,011 | 7,672,244 | 12/31/2012 | 12,352,966 | 5,997,166 | 6,355,799 | 9.3% | 8.5% | 12,583,647 | 15,145,993 | 6,731,687 | |||||||||||||||||||||
Loan | 16 | Seacourt Pavilion | 2.1% | L(24), D(92), O(4) | T-12 6/30/2014 | 3,701,145 | 1,531,406 | 2,169,739 | 12/31/2013 | 3,682,627 | 1,321,515 | 2,361,112 | 12/31/2012 | 4,011,160 | 1,259,685 | 2,751,475 | 9.4% | 8.6% | 2,926,601 | 4,205,865 | 1,464,369 | |||||||||||||||||||||
Loan | 17 | Fairlane Meadows Apartments | 2.1% | L(24), D(92), O(4) | T-12 7/31/2014 | 5,269,567 | 2,437,077 | 2,832,490 | 12/31/2013 | 5,000,118 | 2,456,704 | 2,543,414 | 12/31/2012 | 4,872,856 | 2,345,931 | 2,526,925 | 9.5% | 9.0% | 5,623,225 | 5,295,491 | 2,456,144 | |||||||||||||||||||||
Loan | 18 | Hampton Inn - Columbus (34) | 1.9% | L(24), D(92), O(4) | T-12 6/30/2014 | 7,377,891 | 4,151,207 | 3,226,684 | 12/31/2013 | 7,030,637 | 4,124,380 | 2,906,257 | 12/31/2012 | 6,207,856 | 3,887,787 | 2,320,069 | 12.1% | 11.0% | 6,349,224 | 7,377,891 | 4,168,955 | |||||||||||||||||||||
Loan | 19 | The Campus at Greenhill (34) | 1.8% | L(24), D(92), O(4) | T-12 3/31/2014 | 6,015,492 | 2,456,235 | 3,559,257 | 12/31/2013 | 5,908,877 | 2,231,091 | 3,677,786 | 12/31/2012 | 2,906,637 | 1,646,894 | 1,259,743 | 10.5% | 9.3% | 4,082,920 | 6,454,962 | 3,967,654 | |||||||||||||||||||||
Loan | 20 | 315 South Beverly Drive (32) | 1.5% | L(25), D(91), O(4) | T-12 2/28/2014 | 2,832,991 | 1,368,092 | 1,464,899 | 12/31/2013 | 2,805,169 | 1,351,943 | 1,453,226 | 12/31/2012 | 3,058,757 | 1,317,788 | 1,740,969 | 8.9% | 8.4% | 2,960,768 | 3,305,527 | 1,426,952 | |||||||||||||||||||||
Loan | 21 | Commons at Madera Fair | 1.5% | L(24), D(92), O(4) | T-12 6/30/2014 | 2,943,381 | 1,237,047 | 1,706,334 | 12/31/2013 | 2,910,514 | 1,405,839 | 1,504,675 | 8.7% | 8.0% | 2,998,617 | 3,509,555 | 1,677,774 | |||||||||||||||||||||||||
Loan | 22 | SRC Multifamily Portfolio Pool 1 | 1.4% | L(26), D(30), O(4) | T-12 4/30/2014 | 3,601,115 | 2,215,201 | 1,385,914 | 12/31/2013 | 3,659,546 | 2,171,164 | 1,488,382 | 12/31/2012 | 3,989,318 | 2,216,833 | 1,772,485 | 8.7% | 8.0% | 4,310,004 | 3,840,069 | 2,129,446 | |||||||||||||||||||||
Property | 22.01 | Towne Oaks | 0.6% | T-12 4/30/2014 | 1,391,555 | 832,814 | 558,742 | 12/31/2013 | 1,367,227 | 813,984 | 553,243 | 12/31/2012 | 1,451,423 | 816,314 | 635,109 | 1,636,884 | 1,541,676 | 794,498 | ||||||||||||||||||||||||
Property | 22.02 | French Road | 0.5% | T-12 4/30/2014 | 1,284,129 | 778,014 | 506,114 | 12/31/2013 | 1,322,442 | 750,861 | 571,581 | 12/31/2012 | 1,461,974 | 722,731 | 739,243 | 1,562,124 | 1,344,804 | 769,733 | ||||||||||||||||||||||||
Property | 22.03 | Ashley Park | 0.3% | T-12 4/30/2014 | 925,431 | 604,373 | 321,058 | 12/31/2013 | 969,877 | 606,319 | 363,558 | 12/31/2012 | 1,075,921 | 677,788 | 398,133 | 1,110,996 | 953,589 | 565,214 | ||||||||||||||||||||||||
Loan | 23 | Homewood Suites by Hilton - Newark | 1.3% | L(25), D(91), O(4) | T-12 7/31/2014 | 6,991,757 | 4,543,444 | 2,448,313 | 12/31/2013 | 6,366,018 | 4,265,408 | 2,100,610 | 12/31/2012 | 5,646,667 | 3,826,325 | 1,820,342 | 12.9% | 11.4% | 6,918,337 | 6,991,757 | 4,544,250 | |||||||||||||||||||||
Loan | 24 | Springhill Suites Atlanta Airport Gateway Center | 1.2% | L(24), D(92), O(4) | T-12 7/31/2014 | 5,662,802 | 3,514,487 | 2,148,315 | 12/31/2013 | 5,153,344 | 3,306,651 | 1,846,693 | 12/31/2012 | 5,213,438 | 3,398,619 | 1,814,819 | 12.9% | 11.1% | 5,320,544 | 5,662,802 | 3,541,298 | |||||||||||||||||||||
Loan | 25 | Roebuck Marketplace (29) | 1.2% | L(25), D(91), O(4) | T-12 3/31/2014 | 1,614,477 | 493,895 | 1,120,582 | 12/31/2013 | 1,466,365 | 456,331 | 1,010,034 | 12/31/2012 | 1,384,314 | 452,218 | 932,096 | 9.1% | 8.4% | 1,853,417 | 1,994,190 | 491,045 | |||||||||||||||||||||
Loan | 26 | Eden’s Edge Apartments | 1.2% | L(25), D(31), O(4) | T-12 6/02/2014 | 2,303,982 | 1,041,029 | 1,262,954 | 12/31/2013 | 2,238,581 | 1,019,466 | 1,219,115 | 8.0% | 7.6% | 2,286,099 | 2,336,732 | 1,017,475 | |||||||||||||||||||||||||
Loan | 27 | Queens Crossing Office Condos | 1.1% | L(25), D(91), O(4) | 12/31/2013 | 2,071,936 | 303,252 | 1,768,684 | 12/31/2012 | 2,958,064 | 306,687 | 2,651,377 | 12/31/2011 | 1,662,711 | 289,921 | 1,372,790 | 9.4% | 9.0% | 1,694,347 | 1,884,678 | 385,680 | |||||||||||||||||||||
Loan | 28 | 4247 Eastern Avenue SE (29) | 1.1% | L(24), D(93), O(3) | 12/31/2013 | 1,237,909 | 1,237,909 | 12/31/2012 | 1,228,013 | 240,309 | 987,704 | 10.5% | 9.8% | 1,708,143 | 1,659,483 | 49,785 | ||||||||||||||||||||||||||
Loan | 29 | Port O’Call Apartments | 1.0% | L(26), D(90), O(4) | T-12 3/31/2014 | 3,521,071 | 2,147,767 | 1,373,304 | 12/31/2013 | 3,546,216 | 2,154,576 | 1,391,640 | 12/31/2012 | 3,444,801 | 2,317,636 | 1,127,165 | 8.7% | 8.3% | 4,196,784 | 3,521,071 | 2,248,441 | |||||||||||||||||||||
Loan | 30 | Allred Airport Center I | 1.0% | L(25), D(91), O(4) | T-12 5/31/2014 | 1,736,274 | 459,171 | 1,277,103 | 12/31/2013 | 1,706,335 | 443,401 | 1,262,934 | 12/31/2012 | 1,299,608 | 379,105 | 920,503 | 10.8% | 9.9% | 1,563,123 | 1,953,455 | 445,858 | |||||||||||||||||||||
Loan | 31 | SpringHill Suites Lake Charles | 1.0% | L(27), D(29), O(4) | T-12 5/31/2014 | 4,662,789 | 2,474,840 | 2,187,949 | 12/31/2013 | 4,438,616 | 2,454,200 | 1,984,416 | 12/31/2012 | 3,796,567 | 2,209,639 | 1,586,928 | 14.4% | 12.8% | 4,298,588 | 4,545,453 | 2,532,601 | |||||||||||||||||||||
Loan | 32 | Legacy Pavilion Parking Deck | 1.0% | L(24), YM1(92), O(4) | T-12 6/30/2014 | 2,498,855 | 1,229,991 | 1,268,864 | 12/31/2013 | 2,380,745 | 1,210,678 | 1,170,067 | 12/31/2012 | 2,212,224 | 1,259,764 | 952,460 | 9.4% | 9.2% | 2,498,855 | 2,498,855 | 1,230,818 | |||||||||||||||||||||
Loan | 33 | Rand Tower Minneapolis (34) | 0.9% | L(25), D(91), O(4) | T-12 4/30/2014 | 2,901,621 | 1,746,860 | 1,154,761 | 12/31/2013 | 2,804,144 | 1,686,605 | 1,117,540 | 12/31/2012 | 2,676,525 | 1,628,136 | 1,048,389 | 10.6% | 9.5% | 1,752,276 | 3,094,579 | 1,740,566 | |||||||||||||||||||||
Loan | 34 | 431 Waverley | 0.9% | L(29), D(93), O(4) | 11.1% | 10.9% | 1,443,360 | 1,442,329 | 43,270 | |||||||||||||||||||||||||||||||||
Loan | 35 | Village at Collin Creek | 0.9% | L(26), D(90), O(4) | T-12 5/31/2014 | 1,720,444 | 577,939 | 1,142,505 | 12/31/2013 | 1,696,498 | 577,936 | 1,118,562 | 12/31/2012 | 1,683,391 | 589,416 | 1,093,976 | 9.5% | 8.7% | 1,308,838 | 1,748,774 | 594,048 | |||||||||||||||||||||
Loan | 36 | Honey Creek III (32) | 0.8% | L(24), D(92), O(4) | T-12 5/31/2014 | 2,829,286 | 1,237,641 | 1,591,644 | 12/31/2013 | 2,881,997 | 1,345,308 | 1,536,689 | 12/31/2012 | 2,642,430 | 1,291,528 | 1,350,902 | 11.2% | 10.2% | 1,787,193 | 2,689,235 | 1,345,878 | |||||||||||||||||||||
Loan | 37 | Town Point Center (33) | 0.8% | L(25), D(31), O(4) | T-12 4/30/2014 | 1,746,279 | 999,820 | 746,459 | 12/31/2013 | 1,476,350 | 995,142 | 481,208 | 12/31/2012 | 1,421,916 | 953,298 | 468,618 | 11.1% | 9.8% | 2,559,540 | 2,289,709 | 1,021,905 | |||||||||||||||||||||
Loan | 38 | Asurion Building | 0.8% | L(25), D(88), O(7) | 9.6% | 8.6% | 1,184,558 | 1,307,333 | 214,392 | |||||||||||||||||||||||||||||||||
Loan | 39 | Best Buy Newport News | 0.8% | L(27), D(29), O(4) | 12/31/2013 | 1,410,573 | 1,410,573 | 12/31/2012 | 1,410,573 | 1,410,573 | 12/31/2011 | 1,410,573 | 1,410,573 | 12.1% | 12.1% | 1,410,573 | 1,379,356 | 41,381 | ||||||||||||||||||||||||
Loan | 40 | Westside Urban Market II | 0.7% | L(25), YM1(91), O(4) | T-12 6/30/2014 | 1,509,977 | 602,886 | 907,090 | 12/31/2013 | 1,450,480 | 506,790 | 943,690 | 12/31/2012 | 1,426,628 | 533,571 | 893,057 | 10.4% | 10.2% | 1,230,735 | 1,654,673 | 561,100 | |||||||||||||||||||||
Loan | 41 | White Marsh Business Center | 0.7% | L(25), D(91), O(4) | 12/31/2013 | 1,595,324 | 553,331 | 1,041,993 | 12/31/2012 | 1,676,037 | 555,419 | 1,120,618 | 12/31/2011 | 1,548,065 | 508,510 | 1,039,555 | 11.2% | 9.4% | 1,279,105 | 1,699,224 | 636,115 | |||||||||||||||||||||
Loan | 42 | Eden Way Storage | 0.7% | L(25), D(92), O(3) | T-12 6/30/2014 | 1,253,596 | 291,257 | 962,339 | 12/31/2013 | 1,215,331 | 253,413 | 961,918 | 12/31/2012 | 986,366 | 275,206 | 711,160 | 9.3% | 9.1% | 1,508,316 | 1,310,219 | 356,768 | |||||||||||||||||||||
Loan | 43 | Southgate Shopping Center | 0.7% | L(24), D(92), O(4) | T-12 7/31/2014 | 1,382,585 | 349,064 | 1,033,521 | 12/31/2013 | 1,352,813 | 346,462 | 1,006,351 | 12/31/2012 | 1,355,396 | 395,440 | 959,956 | 10.8% | 9.5% | 1,592,406 | 1,414,226 | 357,276 | |||||||||||||||||||||
Loan | 44 | Aurora City Square (29) | 0.6% | L(24), D(92), O(4) | 12/31/2013 | 1,564,451 | 759,697 | 804,754 | 12/31/2012 | 1,662,056 | 658,350 | 1,003,706 | 12/31/2011 | 1,765,587 | 614,294 | 1,151,293 | 10.2% | 8.7% | 1,083,063 | 1,543,974 | 668,506 | |||||||||||||||||||||
Loan | 45 | Lilburn Corners | 0.6% | L(26), D(90), O(4) | T-12 4/30/2014 | 973,171 | 276,157 | 697,014 | 12/31/2013 | 879,660 | 275,216 | 604,444 | 12/31/2012 | 835,461 | 299,917 | 535,544 | 10.1% | 9.1% | 892,611 | 1,155,420 | 285,720 | |||||||||||||||||||||
Loan | 46 | West Clinic Portfolio | 0.6% | L(27), D(88), O(5) | 9.3% | 9.2% | 836,234 | 986,245 | 215,369 | |||||||||||||||||||||||||||||||||
Property | 46.01 | West Clinic - Memphis | 0.3% | |||||||||||||||||||||||||||||||||||||||
Property | 46.02 | West Clinic - Southaven | 0.2% | |||||||||||||||||||||||||||||||||||||||
Property | 46.03 | West Clinic - Brighton | 0.1% | |||||||||||||||||||||||||||||||||||||||
Loan | 47 | Southridge Plaza | 0.6% | L(24), D(92), O(4) | T-12 6/30/2014 | 1,353,478 | 489,161 | 864,317 | 12/31/2013 | 1,348,522 | 488,233 | 860,289 | 12/31/2012 | 1,275,315 | 462,873 | 812,442 | 10.7% | 9.9% | 994,465 | 1,343,966 | 490,248 | |||||||||||||||||||||
Loan | 48 | Stoney Creek Apartments | 0.5% | L(24), D(92), O(4) | T-12 6/30/2014 | 1,700,038 | 944,081 | 755,957 | 12/31/2013 | 1,745,158 | 984,194 | 760,965 | 12/31/2012 | 1,690,149 | 883,378 | 806,771 | 10.1% | 9.3% | 1,602,586 | 1,700,890 | 926,870 | |||||||||||||||||||||
Loan | 49 | Ramada Minnesota and La Quinta Idaho | 0.5% | L(26), D(91), O(3) | T-12 3/31/2014 | 3,676,561 | 2,603,832 | 1,072,729 | 12/31/2013 | 3,521,016 | 2,599,425 | 921,592 | 12/31/2012 | 3,317,491 | 2,374,882 | 942,609 | 13.3% | 11.4% | 3,078,545 | 3,676,561 | 2,656,044 | |||||||||||||||||||||
Property | 49.01 | Ramada Marshall | 0.3% | T-12 3/31/2014 | 2,461,470 | 1,816,716 | 644,754 | 12/31/2013 | 2,309,449 | 1,779,220 | 530,229 | 12/31/2012 | 2,213,190 | 1,615,141 | 598,049 | 1,863,435 | 2,461,470 | 1,842,171 | ||||||||||||||||||||||||
Property | 49.02 | La Quinta Inn & Suites Coeur D’Alene East | 0.2% | T-12 3/31/2014 | 1,215,091 | 787,116 | 427,975 | 12/31/2013 | 1,211,567 | 820,204 | 391,363 | 12/31/2012 | 1,104,301 | 759,740 | 344,561 | 1,215,110 | 1,215,091 | 813,873 | ||||||||||||||||||||||||
Loan | 50 | South Blanding Village (29) | 0.5% | L(24), D(92), O(4) | T-12 5/31/2014 | 644,648 | 241,403 | 403,245 | 12/31/2013 | 757,093 | 250,449 | 506,644 | 12/31/2012 | 808,149 | 270,079 | 538,070 | 11.0% | 9.8% | 843,000 | 1,034,615 | 272,651 | |||||||||||||||||||||
Loan | 51 | North Hills Shopping Center (29) | 0.5% | L(25), D(91), O(4) | T-12 4/30/2014 | 1,047,954 | 315,651 | 732,303 | 12/31/2013 | 1,194,176 | 340,157 | 854,020 | 12/31/2012 | 1,098,417 | 377,499 | 720,918 | 12.9% | 11.8% | 1,147,134 | 1,314,318 | 343,617 | |||||||||||||||||||||
Loan | 52 | MKL Houston Portfolio | 0.5% | L(25), D(91), O(4) | T-12 5/31/2014 | 1,114,484 | 309,098 | 805,386 | 12/31/2013 | 1,092,325 | 309,492 | 782,833 | 12/31/2012 | 1,028,864 | 285,400 | 743,464 | 10.1% | 9.9% | 877,741 | 1,125,163 | 365,824 | |||||||||||||||||||||
Property | 52.01 | Rice Properties | 0.3% | T-12 5/31/2014 | 635,695 | 161,998 | 473,697 | 12/31/2013 | 636,210 | 164,062 | 472,148 | 12/31/2012 | 586,189 | 158,052 | 428,137 | 517,019 | 629,296 | 171,896 | ||||||||||||||||||||||||
Property | 52.02 | Richmond Properties | 0.2% | T-12 5/31/2014 | 384,409 | 145,033 | 239,376 | 12/31/2013 | 361,735 | 143,364 | 218,371 | 12/31/2012 | 348,295 | 125,359 | 222,936 | 266,342 | 382,364 | 165,426 | ||||||||||||||||||||||||
Property | 52.03 | Sonic | 0.1% | T-12 5/31/2014 | 94,380 | 2,067 | 92,313 | 12/31/2013 | 94,380 | 2,067 | 92,313 | 12/31/2012 | 94,380 | 1,990 | 92,390 | 94,380 | 113,503 | 28,502 | ||||||||||||||||||||||||
Loan | 53 | Shops at Cypress Creek | 0.5% | L(27), D(90), O(3) | 9.7% | 9.2% | 754,693 | 968,130 | 269,860 | |||||||||||||||||||||||||||||||||
Loan | 54 | Peachtree Square Shopping Center | 0.5% | L(25), D(91), O(4) | 12/31/2013 | 1,074,352 | 319,097 | 755,255 | 12/31/2012 | 1,042,000 | 357,444 | 684,556 | 12/31/2011 | 865,078 | 310,110 | 554,968 | 13.2% | 12.3% | 989,275 | 1,217,706 | 359,296 | |||||||||||||||||||||
Loan | 55 | Holiday Inn Express Leland-Wilmington | 0.5% | L(25), D(92), O(3) | T-12 4/30/2014 | 2,128,650 | 1,314,703 | 813,946 | 12/31/2013 | 2,005,869 | 1,231,794 | 774,075 | 12/31/2012 | 1,986,097 | 1,227,231 | 758,866 | 12.6% | 11.3% | 2,061,068 | 2,128,650 | 1,313,383 | |||||||||||||||||||||
Loan | 56 | Hampton Inn & Suites Waxahachie | 0.4% | L(24), D(93), O(3) | T-12 5/31/2014 | 1,896,271 | 1,119,934 | 776,337 | 12/31/2013 | 1,865,687 | 1,099,850 | 765,837 | 12/31/2012 | 1,571,879 | 1,287,887 | 283,993 | 12.7% | 11.5% | 1,868,086 | 1,896,271 | 1,109,674 | |||||||||||||||||||||
Loan | 57 | The Terraces at Windy Hill | 0.4% | L(27), D(90), O(3) | T-12 4/30/2014 | 852,829 | 485,467 | 367,362 | 12/31/2013 | 846,761 | 473,197 | 373,565 | 12/31/2012 | 774,189 | 417,521 | 356,667 | 11.6% | 9.9% | 990,520 | 1,160,674 | 459,380 | |||||||||||||||||||||
Loan | 58 | Suburban Extended Stay Portfolio (34) | 0.4% | L(24), D(90), O(6) | T-12 5/31/2014 | 2,591,814 | 1,688,039 | 903,775 | 12/31/2013 | 2,535,358 | 1,582,145 | 953,213 | 12/31/2012 | 2,215,850 | 1,597,942 | 617,908 | 15.3% | 13.6% | 2,499,977 | 2,533,752 | 1,631,236 | |||||||||||||||||||||
Property | 58.01 | Suburban Extended Stay Charlotte | 0.2% | T-12 5/31/2014 | 1,387,552 | 850,758 | 536,794 | 12/31/2013 | 1,347,376 | 788,944 | 558,432 | 12/31/2012 | 1,141,100 | 846,076 | 295,024 | 1,328,071 | 1,344,071 | 834,177 | ||||||||||||||||||||||||
Property | 58.02 | Suburban Extended Stay Hermitage | 0.2% | T-12 5/31/2014 | 1,204,262 | 837,281 | 366,982 | 12/31/2013 | 1,187,982 | 793,201 | 394,781 | 12/31/2012 | 1,074,750 | 751,866 | 322,884 | 1,171,907 | 1,189,681 | 797,060 | ||||||||||||||||||||||||
Loan | 59 | Sarno Business Complex | 0.4% | L(24), D(92), O(4) | T-12 3/31/2014 | 1,447,626 | 547,206 | 900,420 | 12/31/2013 | 1,243,312 | 512,720 | 730,593 | 13.0% | 11.2% | 1,426,227 | 1,286,833 | 530,249 | |||||||||||||||||||||||||
Loan | 60 | Tower Crossing | 0.4% | L(26), D(90), O(4) | Annualized T-8 5/31/2014 | 1,331,147 | 766,237 | 564,910 | 12/31/2012 | 1,214,073 | 732,057 | 482,016 | 10.9% | 9.4% | 1,297,164 | 1,394,294 | 776,847 | |||||||||||||||||||||||||
Loan | 61 | Sprouts Farmers Market | 0.4% | L(29), D(87), O(4) | T-12 1/31/2014 | 728,772 | 86,107 | 642,664 | 12/31/2013 | 728,990 | 26,787 | 702,203 | 10.4% | 10.4% | 604,599 | 661,593 | 111,662 | |||||||||||||||||||||||||
Loan | 62 | Pacific Gillespie IV | 0.4% | L(24), D(92), O(4) | T-12 5/31/2014 | 867,083 | 433,870 | 433,213 | 12/31/2013 | 868,210 | 448,732 | 419,478 | 12/31/2012 | 964,475 | 449,463 | 515,012 | 10.2% | 9.1% | 828,720 | 1,027,182 | 505,102 | |||||||||||||||||||||
Loan | 63 | Shoppes at Mallory | 0.3% | L(24), D(92), O(4) | T-12 5/31/2014 | 594,180 | 179,804 | 414,376 | 12/31/2013 | 471,405 | 164,094 | 307,312 | 12/31/2012 | 460,674 | 164,258 | 296,415 | 9.3% | 8.9% | 526,857 | 630,239 | 175,696 | |||||||||||||||||||||
Loan | 64 | Dividend II | 0.3% | L(24), D(93), O(3) | T-12 6/30/2014 | 529,478 | 185,035 | 344,443 | 12/31/2013 | 584,656 | 167,559 | 417,097 | 12/31/2012 | 695,916 | 137,583 | 558,333 | 10.8% | 9.6% | 658,390 | 679,279 | 183,828 | |||||||||||||||||||||
Loan | 65 | Winn Dixie - Millbrook | 0.3% | L(25), D(88), O(7) | 12/31/2013 | 643,806 | 117,069 | 526,736 | 12/31/2012 | 642,053 | 120,208 | 521,844 | 12/31/2011 | 653,190 | 119,116 | 534,074 | 11.7% | 10.7% | 570,814 | 635,755 | 120,313 | |||||||||||||||||||||
Loan | 66 | Comfort Suites Greensboro | 0.3% | L(32), D(24), O(4) | T-12 5/31/2014 | 1,591,584 | 969,279 | 622,305 | 12/31/2013 | 1,622,579 | 973,379 | 649,200 | 12/31/2012 | 1,578,294 | 928,484 | 649,810 | 15.0% | 13.1% | 1,562,031 | 1,591,584 | 940,152 | |||||||||||||||||||||
Loan | 67 | Hapeville Gateway | 0.3% | L(25), D(91), O(4) | T-12 4/30/2014 | 620,778 | 142,272 | 478,506 | 12/31/2013 | 673,869 | 108,149 | 565,720 | 12/31/2012 | 714,343 | 92,481 | 621,861 | 10.3% | 9.6% | 500,378 | 586,983 | 163,186 | |||||||||||||||||||||
Loan | 68 | Ramada - Canton | 0.3% | L(25), D(91), O(4) | T-12 5/31/2014 | 1,535,071 | 1,003,569 | 531,502 | 12/31/2013 | 1,573,399 | 991,765 | 581,634 | 12/31/2012 | 1,420,188 | 846,798 | 573,390 | 14.9% | 13.2% | 1,509,000 | 1,545,000 | 1,009,510 | |||||||||||||||||||||
Loan | 69 | Westbrook MHP | 0.2% | L(28), D(88), O(4) | T-12 5/31/2014 | 589,933 | 178,059 | 411,875 | 12/31/2013 | 582,406 | 161,347 | 421,059 | 12/31/2012 | 519,704 | 165,366 | 354,338 | 11.8% | 11.6% | 599,220 | 576,025 | 192,459 | |||||||||||||||||||||
Loan | 70 | The Cedars Apartments | 0.1% | L(24), YM1(93), O(3) | T-12 4/30/2014 | 241,503 | 126,203 | 115,301 | 12/31/2013 | 231,439 | 115,883 | 115,556 | 12/31/2012 | 194,116 | 109,261 | 84,855 | 10.0% | 9.4% | 247,536 | 261,332 | 137,251 |
A-1-4
COMM 2014-UBS5 | ||||||||||||||||||||||||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||||||||||||||||||||||||
% of | ||||||||||||||||||||||||||||||||
Property | Initial Pool | Underwritten | Underwritten | Underwritten | Underwritten | Ownership | Ground Lease | Ground Lease | Lease | Lease | ||||||||||||||||||||||
Flag | ID | Property Name | Balance | NOI ($) | Reserves($) | TI/LC($) | NCF ($) | Interest(6)(16)(18)(19) | Expiration(19) | Extension Terms(19) | Largest Tenant(20)(22)(23)(24) | SF(20)(22)(23)(24) | Expiration(20)(22)(23)(24) | 2nd Largest Tenant(20)(21)(22)(23)(24) | SF(20)(21)(22)(23)(24) | Expiration(20)(21)(22)(23)(24) | ||||||||||||||||
Loan | 1 | Loews Miami Beach Hotel (31) | 8.5% | 41,162,461 | 4,954,720 | 36,207,741 | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||
Loan | 2 | Canyon Ranch Portfolio (31) | 5.3% | 24,320,180 | 3,934,848 | 20,385,332 | Fee Simple | |||||||||||||||||||||||||
Property | 2.01 | Canyon Ranch - Tucson | 3.3% | 14,987,057 | 2,211,122 | 12,775,935 | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||
Property | 2.02 | Canyon Ranch - Lenox | 2.0% | 9,333,122 | 1,723,726 | 7,609,396 | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||
Loan | 3 | 30 Dunnigan | 4.6% | 8,358,562 | 89,313 | 267,938 | 8,001,311 | Fee Simple | Raymours Furniture Company, Inc. | 703,554 | 07/31/2029 | Par Pharmaceutical, Inc. | 189,573 | 01/31/2024 | ||||||||||||||||||
Loan | 4 | Summit Rancho Bernardo (32)(34) | 4.5% | 5,576,847 | 39,347 | 5,537,500 | Fee Simple | Nokia, Inc. | 196,734 | 08/31/2020 | NAP | NAP | NAP | |||||||||||||||||||
Loan | 5 | MarqE Entertainment Center | 4.5% | 6,227,142 | 85,957 | 257,870 | 5,883,315 | Fee Simple | Edwards Houston Marquee Megaplex | 123,576 | 12/31/2024 | Dave and Busters | 67,500 | 1/31/2020 | ||||||||||||||||||
Loan | 6 | 6100 Wilshire (34) | 4.1% | 4,850,244 | 32,033 | 270,285 | 4,547,926 | Fee Simple | CBS Broadcasting Inc. | 43,959 | 04/30/2020 | BMG Music (Bug Music, Inc.) | 20,174 | 06/30/2019 | ||||||||||||||||||
Loan | 7 | State Farm Portfolio (31) | 3.9% | 36,587,870 | 36,014 | 249,873 | 36,301,983 | Fee Simple | ||||||||||||||||||||||||
Property | 7.01 | Charlottesville State Farm Office | 0.5% | 4,903,746 | 4,903,746 | Fee Simple | State Farm Mutual Automobile Insurance Company | 362,155 | 11/30/2028 | NAP | NAP | NAP | ||||||||||||||||||||
Property | 7.02 | Murfreesboro State Farm Office | 0.5% | 4,311,150 | 4,311,150 | Fee Simple | State Farm Mutual Automobile Insurance Company | 402,177 | 11/30/2028 | NAP | NAP | NAP | ||||||||||||||||||||
Property | 7.03 | Ballston Spa State Farm Office | 0.4% | 3,890,531 | 3,890,531 | Fee Simple | State Farm Mutual Automobile Insurance Company | 336,382 | 11/30/2028 | NAP | NAP | NAP | ||||||||||||||||||||
Property | 7.04 | Birmingham State Farm Office | 0.4% | 3,531,680 | 3,531,680 | Fee Simple | State Farm Mutual Automobile Insurance Company | 312,989 | 11/30/2028 | NAP | NAP | NAP | ||||||||||||||||||||
Property | 7.05 | Tulsa State Farm Office | 0.3% | 3,163,847 | 3,163,847 | Fee Simple | State Farm Mutual Automobile Insurance Company | 287,580 | 11/30/2028 | NAP | NAP | NAP | ||||||||||||||||||||
Property | 7.06 | Columbia State Farm Office | 0.3% | 3,118,993 | 3,118,993 | Fee Simple | State Farm Mutual Automobile Insurance Company | 335,049 | 11/30/2028 | NAP | NAP | NAP | ||||||||||||||||||||
Property | 7.07 | Jacksonville State Farm Office | 0.3% | 3,071,383 | 3,071,383 | Fee Simple | State Farm Mutual Automobile Insurance Company | 302,440 | 11/30/2028 | NAP | NAP | NAP | ||||||||||||||||||||
Property | 7.08 | Lincoln North State Farm Office | 0.2% | 2,276,575 | 2,276,575 | Fee Simple | State Farm Mutual Automobile Insurance Company | 224,175 | 11/30/2028 | NAP | NAP | NAP | ||||||||||||||||||||
Property | 7.09 | Greeley Central State Farm Office | 0.2% | 2,026,982 | 2,026,982 | Fee Simple | State Farm Mutual Automobile Insurance Company | 194,203 | 11/30/2028 | NAP | NAP | NAP | ||||||||||||||||||||
Property | 7.10 | New Albany State Farm Office | 0.2% | 1,762,755 | 1,762,755 | Fee Simple | State Farm Mutual Automobile Insurance Company | 148,782 | 11/30/2028 | NAP | NAP | NAP | ||||||||||||||||||||
Property | 7.11 | Lincoln South State Farm Office | 0.1% | 1,309,745 | 1,309,745 | Fee Simple | State Farm Mutual Automobile Insurance Company | 128,971 | 11/30/2028 | NAP | NAP | NAP | ||||||||||||||||||||
Property | 7.12 | Greeley South State Farm Office | 0.1% | 994,679 | 15,802 | 109,641 | 869,235 | Fee Simple | State Farm Mutual Automobile Insurance Company | 112,874 | 11/30/2023 | NAP | NAP | NAP | ||||||||||||||||||
Property | 7.13 | Kalamazoo State Farm Office | 0.1% | 953,601 | 953,601 | Fee Simple | State Farm Mutual Automobile Insurance Company | 105,639 | 11/30/2028 | NAP | NAP | NAP | ||||||||||||||||||||
Property | 7.14 | Greeley North State Farm Office | 0.1% | 1,272,204 | 20,211 | 140,232 | 1,111,760 | Fee Simple | State Farm Mutual Automobile Insurance Company | 144,367 | 11/30/2018 | NAP | NAP | NAP | ||||||||||||||||||
Loan | 8 | Quakerbridge | 3.4% | 4,973,852 | 89,430 | 498,182 | 4,386,240 | Fee Simple | State of New Jersey | 371,772 | 06/30/2021 | Inclusive Montessori, LLC | 4,618 | 05/31/2018 | ||||||||||||||||||
Loan | 9 | Overland Park Marriott (29)(32) | 3.0% | 5,395,038 | 959,566 | 4,435,472 | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||
Loan | 10 | Town Park Ravine I, II, III (34) | 2.9% | 4,472,059 | 73,418 | 550,635 | 3,848,006 | Fee Simple | ||||||||||||||||||||||||
Property | 10.01 | Town Park Ravine II | 1.0% | 1,593,625 | 26,633 | 199,746 | 1,367,246 | Fee Simple | Paychex | 22,783 | 05/31/2020 | Wachovia Dealer Services, Inc. | 14,474 | 05/31/2016 | ||||||||||||||||||
Property | 10.02 | Town Park Ravine I | 1.0% | 1,521,120 | 26,631 | 199,735 | 1,294,754 | Fee Simple | Overby-Seawell | 32,631 | 07/31/2016 | Hapag-Lloyd (America) Inc. | 28,753 | 11/30/2018 | ||||||||||||||||||
Property | 10.03 | Town Park Ravine III | 0.9% | 1,357,314 | 20,154 | 151,154 | 1,186,006 | Fee Simple | The Impact Partnership, LLC | 28,393 | 10/31/2017 | Stibo | 25,877 | 04/30/2017 | ||||||||||||||||||
Loan | 11 | 412 West 14th Street | 2.8% | 3,067,464 | 2,490 | 41,250 | 3,023,724 | Fee Simple | Toyota Motor Sales, U.S.A., Inc. | 16,603 | 05/14/2018 | NAP | NAP | NAP | ||||||||||||||||||
Loan | 12 | Ellinwood Office Complex | 2.5% | 2,981,946 | 27,446 | 2,954,499 | Fee Simple | County of Contra Costa | 137,232 | 09/14/2028 | NAP | NAP | NAP | |||||||||||||||||||
Loan | 13 | Ridgmar Mall (32) | 2.3% | 6,066,868 | 95,269 | 331,455 | 5,640,144 | Fee Simple | Rave Motion Pictures | 61,640 | 12/31/2023 | Shoe Dept. Encore | 18,056 | 10/31/2022 | ||||||||||||||||||
Loan | 14 | Breakwater Hotel | 2.2% | 3,476,647 | 252,084 | 3,224,563 | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||
Loan | 15 | Harwood Center (31)(34) | 2.1% | 8,414,306 | 144,793 | 626,736 | 7,642,778 | Fee Simple/Leasehold | 5/1/2077; 9/1/2077; 11/1/2077 | None | Omnicom Group Inc. | 334,952 | 12/31/2019 | Jacobs Engineering Group | 80,373 | 04/30/2025 | ||||||||||||||||
Loan | 16 | Seacourt Pavilion | 2.1% | 2,741,496 | 49,745 | 168,022 | 2,523,728 | Fee Simple | Marshalls Inc. | 50,867 | 01/31/2025 | Loews Theatre | 41,772 | 01/31/2018 | ||||||||||||||||||
Loan | 17 | Fairlane Meadows Apartments | 2.1% | 2,839,347 | 146,400 | 2,692,947 | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||
Loan | 18 | Hampton Inn - Columbus (34) | 1.9% | 3,208,936 | 295,116 | 2,913,820 | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||
Loan | 19 | The Campus at Greenhill (34) | 1.8% | 2,487,307 | 28,797 | 254,508 | 2,204,003 | Leasehold | 08/31/2112 | None | Anthem Health Plans, Inc. | 222,156 | 08/31/2022 | Burn & McDonnell Engineering Co. | 34,354 | 05/31/2019 | ||||||||||||||||
Loan | 20 | 315 South Beverly Drive (32) | 1.5% | 1,878,575 | 17,016 | 102,096 | 1,759,463 | Leasehold | 09/29/2026 | 1 option, 30 years | Vuguru, LLC | 5,371 | 11/14/2014 | Blumberg Ribner | 5,003 | 12/31/2015 | ||||||||||||||||
Loan | 21 | Commons at Madera Fair | 1.5% | 1,831,781 | 44,677 | 112,000 | 1,675,104 | Leasehold | 11/15/2090 | None | Lowe’s HIW, INC | 170,799 | 07/31/2028 | Marshall’s | 24,000 | 08/31/2022 | ||||||||||||||||
Loan | 22 | SRC Multifamily Portfolio Pool 1 | 1.4% | 1,710,623 | 144,075 | 1,566,549 | Fee Simple | |||||||||||||||||||||||||
Property | 22.01 | Towne Oaks | 0.6% | 747,178 | 46,250 | 700,928 | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||
Property | 22.02 | French Road | 0.5% | 575,071 | 59,825 | 515,246 | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||
Property | 22.03 | Ashley Park | 0.3% | 388,375 | 38,000 | 350,375 | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||
Loan | 23 | Homewood Suites by Hilton - Newark | 1.3% | 2,447,507 | 279,670 | 2,167,837 | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||
Loan | 24 | Springhill Suites Atlanta Airport Gateway Center | 1.2% | 2,121,504 | 283,140 | 1,838,364 | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||
Loan | 25 | Roebuck Marketplace (29) | 1.2% | 1,503,145 | 29,022 | 96,741 | 1,377,382 | Fee Simple | Tower Beauty Inc | 20,064 | 09/30/2022 | Citi Trends, Inc. | 18,400 | 03/31/2018 | ||||||||||||||||||
Loan | 26 | Eden’s Edge Apartments | 1.2% | 1,319,258 | 61,000 | 1,258,258 | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||
Loan | 27 | Queens Crossing Office Condos | 1.1% | 1,498,998 | 5,877 | 47,014 | 1,446,107 | Fee Simple | North Shore-LIJ | 12,642 | 2/10/2019 | Long Island Business Institute | 10,865 | 7/31/2026 | ||||||||||||||||||
Loan | 28 | 4247 Eastern Avenue SE (29) | 1.1% | 1,609,699 | 43,404 | 65,106 | 1,501,189 | Fee Simple | Undercar Products Group | 434,039 | 6/30/2025 | NAP | NAP | NAP | ||||||||||||||||||
Loan | 29 | Port O’Call Apartments | 1.0% | 1,272,630 | 60,300 | 1,212,330 | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||
Loan | 30 | Allred Airport Center I | 1.0% | 1,507,597 | 18,683 | 104,985 | 1,383,930 | Fee Simple | Unisource Worldwide, Inc. | 29,076 | 03/31/2016 | Arizona Dynamics Gymnastics, LLC/Arizona Cheer | 26,746 | 06/30/2024 | ||||||||||||||||||
Loan | 31 | SpringHill Suites Lake Charles | 1.0% | 2,012,852 | 227,273 | 1,785,579 | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||
Loan | 32 | Legacy Pavilion Parking Deck | 1.0% | 1,268,037 | 32,600 | 1,235,437 | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||
Loan | 33 | Rand Tower Minneapolis (34) | 0.9% | 1,354,013 | 29,121 | 102,634 | 1,222,258 | Fee Simple | Shepherd Data | 9,981 | 11/30/2023 | NorthStar Equity Services, LLC (fka Hempel Midwest, LLC) | 5,544 | 04/30/2017 | ||||||||||||||||||
Loan | 34 | 431 Waverley | 0.9% | 1,399,059 | 3,660 | 25,998 | 1,369,401 | Fee Simple | American Express Travel Related Services Company, Inc. | 15,599 | 07/31/2024 | NAP | NAP | NAP | ||||||||||||||||||
Loan | 35 | Village at Collin Creek | 0.9% | 1,154,726 | 24,663 | 73,800 | 1,056,263 | Fee Simple | FCA of Ohio dba Jo-Ann Fabrics | 25,014 | 01/31/2023 | Family Christian Store | 11,803 | MTM | ||||||||||||||||||
Loan | 36 | Honey Creek III (32) | 0.8% | 1,343,357 | 23,614 | 98,072 | 1,221,671 | Fee Simple | Joy Global | 31,690 | 12/31/2020 | CH2M Hill, Inc. | 29,010 | 8/31/2017 | ||||||||||||||||||
Loan | 37 | Town Point Center (33) | 0.8% | 1,267,804 | 25,572 | 127,860 | 1,114,372 | Leasehold | 06/30/2084 | None | McPhillips, Roberts, & Deans PLC | 15,842 | 05/31/2023 | Child and Family Services of Eastern Virginia Inc. (The UP Center) | 14,421 | 10/31/2018 | ||||||||||||||||
Loan | 38 | Asurion Building | 0.8% | 1,092,941 | 12,046 | 100,386 | 980,508 | Fee Simple | Asurion, LLC | 80,309 | 07/31/2021 | NAP | NAP | NAP | ||||||||||||||||||
Loan | 39 | Best Buy Newport News | 0.8% | 1,337,976 | 1,337,976 | Fee Simple | Value City Furniture - Sublease | 55,800 | 11/30/2016 | Best Buy | 54,283 | 11/30/2020 | ||||||||||||||||||||
Loan | 40 | Westside Urban Market II | 0.7% | 1,093,573 | 8,021 | 16,000 | 1,069,552 | Fee Simple | Bacchanalia | 11,470 | 12/31/2015 | JCT Kitchen (W&F Rest. Partners) | 6,790 | 12/31/2016 | ||||||||||||||||||
Loan | 41 | White Marsh Business Center | 0.7% | 1,063,110 | 29,745 | 139,950 | 893,415 | Fee Simple | Education Affiliates Inc | 23,471 | 08/31/2017 | One Source Imaging | 14,017 | 04/30/2017 | ||||||||||||||||||
Loan | 42 | Eden Way Storage | 0.7% | 953,451 | 16,947 | 936,504 | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||
Loan | 43 | Southgate Shopping Center | 0.7% | 1,056,950 | 42,551 | 87,938 | 926,461 | Fee Simple | Variety Wholesalers | 50,349 | 04/30/2016 | Citi Trends | 40,000 | 08/31/2015 | ||||||||||||||||||
Loan | 44 | Aurora City Square (29) | 0.6% | 875,468 | 58,179 | 71,090 | 746,199 | Fee Simple | Better Bodies | 28,940 | 03/31/2020 | Denver School of Massage | 18,884 | 07/31/2024 | ||||||||||||||||||
Loan | 45 | Lilburn Corners | 0.6% | 869,701 | 21,032 | 65,000 | 783,668 | Fee Simple | Publix | 44,271 | 11/30/2023 | Grand Furniture | 11,148 | 6/30/2018 | ||||||||||||||||||
Loan | 46 | West Clinic Portfolio | 0.6% | 770,876 | 4,950 | 765,926 | Fee Simple | |||||||||||||||||||||||||
Property | 46.01 | West Clinic - Memphis | 0.3% | Fee Simple | Methodist Le Bonheur Healthcare | 13,874 | 02/28/2031 | NAP | NAP | NAP | ||||||||||||||||||||||
Property | 46.02 | West Clinic - Southaven | 0.2% | Fee Simple | Methodist Le Bonheur Healthcare | 10,841 | 02/28/2031 | NAP | NAP | NAP | ||||||||||||||||||||||
Property | 46.03 | West Clinic - Brighton | 0.1% | Fee Simple | Methodist Le Bonheur Healthcare | 8,286 | 02/28/2031 | NAP | NAP | NAP | ||||||||||||||||||||||
Loan | 47 | Southridge Plaza | 0.6% | 853,718 | 12,122 | 50,104 | 791,492 | Fee Simple | Bed Bath & Beyond | 33,004 | 01/31/2018 | Shoe Carnival | 12,500 | 01/31/2023 | ||||||||||||||||||
Loan | 48 | Stoney Creek Apartments | 0.5% | 774,021 | 58,000 | 716,021 | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||
Loan | 49 | Ramada Minnesota and La Quinta Idaho | 0.5% | 1,020,517 | 147,062 | 873,455 | Fee Simple | |||||||||||||||||||||||||
Property | 49.01 | Ramada Marshall | 0.3% | 619,300 | 98,459 | 520,841 | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||
Property | 49.02 | La Quinta Inn & Suites Coeur D’Alene East | 0.2% | 401,218 | 48,604 | 352,614 | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||
Loan | 50 | South Blanding Village (29) | 0.5% | 761,965 | 21,761 | 58,317 | 681,886 | Fee Simple | Big Lots Store, Inc | 31,762 | 01/31/2020 | Fortis College | 24,750 | 10/31/2024 | ||||||||||||||||||
Loan | 51 | North Hills Shopping Center (29) | 0.5% | 970,702 | 20,606 | 65,977 | 884,119 | Fee Simple | Big Lots Store | 32,182 | 01/31/2019 | The Velvet Room | 20,584 | 03/31/2021 | ||||||||||||||||||
Loan | 52 | MKL Houston Portfolio | 0.5% | 759,339 | 7,386 | 8,839 | 743,114 | Fee Simple | ||||||||||||||||||||||||
Property | 52.01 | Rice Properties | 0.3% | 457,400 | 3,726 | 4,283 | 449,391 | Fee Simple | Fleet Feet | 2,880 | 3/31/2018 | Ten Thousand Villages | 2,296 | 1/31/2018 | ||||||||||||||||||
Property | 52.02 | Richmond Properties | 0.2% | 216,938 | 3,661 | 4,208 | 209,070 | Fee Simple | Houston Dance Lab | 4,738 | 1/31/2015 | Pinot’s Palette | 2,506 | 12/31/2015 | ||||||||||||||||||
Property | 52.03 | Sonic | 0.1% | 85,001 | 349 | 84,652 | Fee Simple | Sonic | 1,520 | 10/31/2016 | NAP | NAP | NAP | |||||||||||||||||||
Loan | 53 | Shops at Cypress Creek | 0.5% | 698,270 | 5,906 | 29,529 | 662,835 | Fee Simple | Cypress Fairbanks Medical | 3,000 | 8/31/2019 | Providence Title | 3,000 | 12/31/2018 | ||||||||||||||||||
Loan | 54 | Peachtree Square Shopping Center | 0.5% | 858,410 | 6,986 | 54,729 | 796,696 | Fee Simple | Office Depot | 12,822 | 09/30/2019 | WellStreet Urgent Care | 6,000 | 01/31/2022 | ||||||||||||||||||
Loan | 55 | Holiday Inn Express Leland-Wilmington | 0.5% | 815,266 | 85,146 | 730,120 | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||
Loan | 56 | Hampton Inn & Suites Waxahachie | 0.4% | 786,597 | 75,851 | 710,746 | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||
Loan | 57 | The Terraces at Windy Hill | 0.4% | 701,294 | 18,625 | 83,479 | 599,190 | Fee Simple | ADMA Bio Center | 12,989 | 1/31/2024 | Fuddruckers | 9,018 | 8/31/2016 | ||||||||||||||||||
Loan | 58 | Suburban Extended Stay Portfolio (34) | 0.4% | 902,516 | 101,350 | 801,166 | Fee Simple | |||||||||||||||||||||||||
Property | 58.01 | Suburban Extended Stay Charlotte | 0.2% | 509,894 | 53,763 | 456,131 | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||
Property | 58.02 | Suburban Extended Stay Hermitage | 0.2% | 392,622 | 47,587 | 345,035 | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||
Loan | 59 | Sarno Business Complex | 0.4% | 756,584 | 38,837 | 69,426 | 648,320 | Fee Simple | Brevard Health Alliance | 34,991 | 4/30/2023 | Everest University (Corinthian Colleges, Inc) | 19,622 | 7/31/2021 | ||||||||||||||||||
Loan | 60 | Tower Crossing | 0.4% | 617,447 | 83,592 | 533,855 | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||
Loan | 61 | Sprouts Farmers Market | 0.4% | 549,931 | 3,423 | 546,508 | Fee Simple | Sprouts Farmers Market | 24,448 | 3/31/2028 | NAP | NAP | NAP | |||||||||||||||||||
Loan | 62 | Pacific Gillespie IV | 0.4% | 522,079 | 13,723 | 41,739 | 466,618 | Leasehold | 09/30/2055 | Two, five-year extensions | Cascade Scientific | 15,671 | 8/31/2016 | Current Audio | 10,506 | 12/31/2018 | ||||||||||||||||
Loan | 63 | Shoppes at Mallory | 0.3% | 454,543 | 5,223 | 16,114 | 433,206 | Fee Simple | Sola Salon | 5,907 | 12/31/2017 | Platos Closet | 4,213 | 2/28/2023 | ||||||||||||||||||
Loan | 64 | Dividend II | 0.3% | 495,450 | 11,691 | 42,087 | 441,672 | Fee Simple | iTek/CPW | 20,000 | 08/31/2021 | Granite & Marble | 16,697 | 07/31/2018 | ||||||||||||||||||
Loan | 65 | Winn Dixie - Millbrook | 0.3% | 515,442 | 10,000 | 33,174 | 472,267 | Fee Simple | Winn-Dixie | 45,802 | 04/01/2023 | Little Caesar’s | 1,400 | 02/15/2016 | ||||||||||||||||||
Loan | 66 | Comfort Suites Greensboro | 0.3% | 651,432 | 79,579 | 571,853 | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||
Loan | 67 | Hapeville Gateway | 0.3% | 423,797 | 7,483 | 22,448 | 393,866 | Fee Simple | Thai Heaven | 9,700 | 9/1/2019 | Irish Bread Pub | 5,290 | 1/23/2024 | ||||||||||||||||||
Loan | 68 | Ramada - Canton | 0.3% | 535,490 | 61,800 | 473,690 | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||
Loan | 69 | Westbrook MHP | 0.2% | 383,566 | 9,050 | 374,516 | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||
Loan | 70 | The Cedars Apartments | 0.1% | 124,081 | 8,000 | 116,081 | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP |
A-1-5
COMM 2014-UBS5 | ||||||||||||||||||||||||||||
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(20)(23)(24) | SF(20)(23)(24) | Expiration(20)(23)(24) | 4th Largest Tenant(20)(23) | SF(20)(23) | Expiration(20)(23) | 5th Largest Tenant(20)(23)(24) | SF(20)(23)(24) | Expiration(20)(23)(24) | Occupancy | As-of Date | ||||||||||||||
Loan | 1 | Loews Miami Beach Hotel (31) | 8.5% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 86.0% | 06/30/2014 | ||||||||||||||
Loan | 2 | Canyon Ranch Portfolio (31) | 5.3% | 58.4% | 06/30/2014 | |||||||||||||||||||||||
Property | 2.01 | Canyon Ranch - Tucson | 3.3% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 58.0% | 06/30/2014 | ||||||||||||||
Property | 2.02 | Canyon Ranch - Lenox | 2.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 58.9% | 06/30/2014 | ||||||||||||||
Loan | 3 | 30 Dunnigan | 4.6% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 06/23/2014 | ||||||||||||||
Loan | 4 | Summit Rancho Bernardo (32)(34) | 4.5% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 09/06/2014 | ||||||||||||||
Loan | 5 | MarqE Entertainment Center | 4.5% | L.A. Fitness International | 34,503 | 11/30/2021 | Drink Houston | 23,500 | 5/31/2018 | Ka Sushi & Seafood World | 12,503 | 11/30/2022 | 95.5% | 04/22/2014 | ||||||||||||||
Loan | 6 | 6100 Wilshire (34) | 4.1% | Huge, LLC | 18,888 | 06/30/2018 | Worldlink, LLC | 12,053 | 07/31/2016 | Fulfillment Fund | 11,654 | 08/31/2023 | 93.7% | 08/05/2014 | ||||||||||||||
Loan | 7 | State Farm Portfolio (31) | 3.9% | 100.0% | 09/06/2014 | |||||||||||||||||||||||
Property | 7.01 | Charlottesville State Farm Office | 0.5% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 09/06/2014 | ||||||||||||||
Property | 7.02 | Murfreesboro State Farm Office | 0.5% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 09/06/2014 | ||||||||||||||
Property | 7.03 | Ballston Spa State Farm Office | 0.4% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 09/06/2014 | ||||||||||||||
Property | 7.04 | Birmingham State Farm Office | 0.4% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 09/06/2014 | ||||||||||||||
Property | 7.05 | Tulsa State Farm Office | 0.3% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 09/06/2014 | ||||||||||||||
Property | 7.06 | Columbia State Farm Office | 0.3% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 09/06/2014 | ||||||||||||||
Property | 7.07 | Jacksonville State Farm Office | 0.3% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 09/06/2014 | ||||||||||||||
Property | 7.08 | Lincoln North State Farm Office | 0.2% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 09/06/2014 | ||||||||||||||
Property | 7.09 | Greeley Central State Farm Office | 0.2% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 09/06/2014 | ||||||||||||||
Property | 7.10 | New Albany State Farm Office | 0.2% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 09/06/2014 | ||||||||||||||
Property | 7.11 | Lincoln South State Farm Office | 0.1% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 09/06/2014 | ||||||||||||||
Property | 7.12 | Greeley South State Farm Office | 0.1% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 09/06/2014 | ||||||||||||||
Property | 7.13 | Kalamazoo State Farm Office | 0.1% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 09/06/2014 | ||||||||||||||
Property | 7.14 | Greeley North State Farm Office | 0.1% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 09/06/2014 | ||||||||||||||
Loan | 8 | Quakerbridge | 3.4% | Mercer Regional Chamber of Commerce Corporation | 4,200 | 03/31/2016 | United HealthCare Services, Inc. | 3,614 | 01/31/2016 | HMS Business Services, Inc. | 2,900 | 06/30/2015 | 91.8% | 06/30/2014 | ||||||||||||||
Loan | 9 | Overland Park Marriott (29)(32) | 3.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 68.7% | 06/30/2014 | ||||||||||||||
Loan | 10 | Town Park Ravine I, II, III (34) | 2.9% | 92.5% | 05/12/2014 | |||||||||||||||||||||||
Property | 10.01 | Town Park Ravine II | 1.0% | American Advisors Group | 10,003 | 09/30/2017 | Maguire Insurance Agency, Inc. | 8,169 | 07/31/2018 | Flightworks, Inc. | 8,026 | 03/31/2016 | 97.5% | 05/12/2014 | ||||||||||||||
Property | 10.02 | Town Park Ravine I | 1.0% | Sun Trust | 10,508 | 09/30/2014 | Taylor & Mathis, Inc. | 9,486 | 12/31/2014 | Bally Gaming | 8,152 | 06/30/2016 | 83.6% | 05/12/2014 | ||||||||||||||
Property | 10.03 | Town Park Ravine III | 0.9% | GreenTree Financial | 11,451 | 12/31/2017 | Frank Betz Associates, Inc. | 7,386 | 02/28/2019 | Computer Consultants, Inc. | 7,197 | MTM | 97.5% | 05/12/2014 | ||||||||||||||
Loan | 11 | 412 West 14th Street | 2.8% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 09/06/2014 | ||||||||||||||
Loan | 12 | Ellinwood Office Complex | 2.5% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 07/01/2014 | ||||||||||||||
Loan | 13 | Ridgmar Mall (32) | 2.3% | Old Navy | 15,268 | 4/30/2023 | Dfw Fury Laser Tag | 8,424 | 12/31/2014 | Deb Shops | 7,961 | 1/31/2018 | 83.0% | 01/31/2014 | ||||||||||||||
Loan | 14 | Breakwater Hotel | 2.2% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 77.9% | 06/30/2014 | ||||||||||||||
Loan | 15 | Harwood Center (31)(34) | 2.1% | GSA - Department of Education | 61,949 | 03/31/2015 | GSA - Government Accountability Office | 49,446 | 02/28/2018 | Cantey & Hanger | 25,648 | 02/28/2021 | 84.0% | 06/01/2014 | ||||||||||||||
Loan | 16 | Seacourt Pavilion | 2.1% | L.A. Fitness Sports Club | 38,339 | 09/30/2019 | Ashley Furniture | 34,097 | 05/31/2024 | Homegoods, Inc | 24,407 | 05/31/2023 | 94.1% | 07/31/2014 | ||||||||||||||
Loan | 17 | Fairlane Meadows Apartments | 2.1% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 95.3% | 07/15/2014 | ||||||||||||||
Loan | 18 | Hampton Inn - Columbus (34) | 1.9% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 68.2% | 06/30/2014 | ||||||||||||||
Loan | 19 | The Campus at Greenhill (34) | 1.8% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 89.1% | 06/01/2014 | ||||||||||||||
Loan | 20 | 315 South Beverly Drive (32) | 1.5% | Joel R. Mogy Investment Counsel | 3,673 | 12/31/2017 | Appel & Henick | 3,068 | 4/30/2021 | Arden House | 2,976 | 1/31/2020 | 98.1% | 08/01/2014 | ||||||||||||||
Loan | 21 | Commons at Madera Fair | 1.5% | Grocery Outlet Inc. | 18,010 | 04/30/2025 | Walgreens | 14,820 | 10/31/2033 | PETCO | 13,500 | 10/31/2018 | 98.9% | 07/22/2014 | ||||||||||||||
Loan | 22 | SRC Multifamily Portfolio Pool 1 | 1.4% | 80.4% | 06/03/2014 | |||||||||||||||||||||||
Property | 22.01 | Towne Oaks | 0.6% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 93.5% | 06/03/2014 | ||||||||||||||
Property | 22.02 | French Road | 0.5% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 70.0% | 06/03/2014 | ||||||||||||||
Property | 22.03 | Ashley Park | 0.3% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 78.3% | 06/03/2014 | ||||||||||||||
Loan | 23 | Homewood Suites by Hilton - Newark | 1.3% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 85.6% | 07/31/2014 | ||||||||||||||
Loan | 24 | Springhill Suites Atlanta Airport Gateway Center | 1.2% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 77.6% | 07/31/2014 | ||||||||||||||
Loan | 25 | Roebuck Marketplace (29) | 1.2% | Planet Fitness | 18,007 | 12/31/2023 | Catosouth, LLC | 14,144 | 01/31/2015 | Rite Aid | 12,876 | 09/30/2019 | 93.5% | 05/21/2014 | ||||||||||||||
Loan | 26 | Eden’s Edge Apartments | 1.2% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 89.8% | 07/14/2014 | ||||||||||||||
Loan | 27 | Queens Crossing Office Condos | 1.1% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 07/01/2014 | ||||||||||||||
Loan | 28 | 4247 Eastern Avenue SE (29) | 1.1% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 09/06/2014 | ||||||||||||||
Loan | 29 | Port O’Call Apartments | 1.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 88.2% | 05/29/2014 | ||||||||||||||
Loan | 30 | Allred Airport Center I | 1.0% | Option 1 Nutrition Solutions, LLC | 21,262 | 02/28/2017 | Total Facility Solutions, Inc. | 19,428 | 08/31/2015 | Stanley Steemer International, Inc. | 13,696 | 07/31/2018 | 95.9% | 06/30/2014 | ||||||||||||||
Loan | 31 | SpringHill Suites Lake Charles | 1.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 88.2% | 05/31/2014 | ||||||||||||||
Loan | 32 | Legacy Pavilion Parking Deck | 1.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||
Loan | 33 | Rand Tower Minneapolis (34) | 0.9% | Rupp, Anderson, Squires | 5,544 | 12/31/2015 | ESP Systems Professionals | 5,539 | 09/30/2018 | Church and Dwight | 5,021 | 05/31/2017 | 88.6% | 05/31/2014 | ||||||||||||||
Loan | 34 | 431 Waverley | 0.9% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 09/06/2014 | ||||||||||||||
Loan | 35 | Village at Collin Creek | 0.9% | Academic Outfitters | 9,215 | 07/31/2019 | Salons on the Creek | 8,559 | 12/31/2020 | Woodtools of Texas, Ltd. | 7,553 | 10/31/2018 | 85.7% | 06/24/2014 | ||||||||||||||
Loan | 36 | Honey Creek III (32) | 0.8% | Komisar Brady & Co. LLP. | 15,128 | 10/31/2021 | New York Life Insurance Company | 12,248 | 3/31/2019 | Veterans Affairs | 11,147 | 10/6/2015 | 92.1% | 06/30/2014 | ||||||||||||||
Loan | 37 | Town Point Center (33) | 0.8% | Goodman, Allen, & Filetti, P.L.L.C. | 9,686 | 05/31/2025 | MCI Communications Services, Inc. | 7,075 | 10/31/2017 | Witt Mares | 7,008 | 12/31/2019 | 79.9% | 05/23/2014 | ||||||||||||||
Loan | 38 | Asurion Building | 0.8% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 09/06/2014 | ||||||||||||||
Loan | 39 | Best Buy Newport News | 0.8% | Babies “R” Us - Sublease | 24,932 | 1/31/2017 | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 06/02/2014 | ||||||||||||||
Loan | 40 | Westside Urban Market II | 0.7% | Sid & Ann Mashburn | 6,007 | 7/31/2017 | Jonathan Adler | 3,000 | 5/31/2016 | Quinones | 2,066 | 1/31/2015 | 92.5% | 06/30/2014 | ||||||||||||||
Loan | 41 | White Marsh Business Center | 0.7% | Rudolphs Office and Computer | 9,184 | 02/28/2017 | Les Mills Mid Atlantic Inc | 5,008 | 06/30/2016 | Epic Pharmacies Inc | 4,710 | 10/31/2019 | 78.9% | 07/07/2014 | ||||||||||||||
Loan | 42 | Eden Way Storage | 0.7% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 87.8% | 06/30/2014 | ||||||||||||||
Loan | 43 | Southgate Shopping Center | 0.7% | Bi-Lo | 38,500 | 08/31/2019 | It’s Fashion Metro (Cato) | 10,348 | 01/31/2017 | Dollar Tree | 10,051 | 03/31/2016 | 79.9% | 08/07/2014 | ||||||||||||||
Loan | 44 | Aurora City Square (29) | 0.6% | Jo Ann Fabrics | 15,500 | 10/31/2021 | Chuck E. Cheese | 15,000 | 11/30/2024 | Little Angels Day Care | 9,398 | 08/31/2015 | 97.4% | 03/01/2014 | ||||||||||||||
Loan | 45 | Lilburn Corners | 0.6% | Hookah Cabana | 8,000 | 1/31/2021 | Snap Fitness | 7,242 | 9/30/2018 | Swadesh | 5,440 | 6/30/2019 | 94.0% | 06/03/2014 | ||||||||||||||
Loan | 46 | West Clinic Portfolio | 0.6% | 100.0% | 09/06/2014 | |||||||||||||||||||||||
Property | 46.01 | West Clinic - Memphis | 0.3% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 09/06/2014 | ||||||||||||||
Property | 46.02 | West Clinic - Southaven | 0.2% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 09/06/2014 | ||||||||||||||
Property | 46.03 | West Clinic - Brighton | 0.1% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 09/06/2014 | ||||||||||||||
Loan | 47 | Southridge Plaza | 0.6% | The Learning Shop | 7,446 | 09/30/2016 | The Avenue | 4,975 | 01/31/2017 | Lane Bryant | 4,500 | 01/01/2023 | 97.8% | 06/30/2014 | ||||||||||||||
Loan | 48 | Stoney Creek Apartments | 0.5% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 95.7% | 07/31/2014 | ||||||||||||||
Loan | 49 | Ramada Minnesota and La Quinta Idaho | 0.5% | 55.0% | 03/31/2014 | |||||||||||||||||||||||
Property | 49.01 | Ramada Marshall | 0.3% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 58.4% | 03/31/2014 | ||||||||||||||
Property | 49.02 | La Quinta Inn & Suites Coeur D’Alene East | 0.2% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 49.6% | 03/31/2014 | ||||||||||||||
Loan | 50 | South Blanding Village (29) | 0.5% | Bailey’s Powerhouse Gym | 16,723 | 09/30/2020 | Senor Wings | 3,900 | 02/28/2015 | Air Condition & Appliance Supply, Inc | 2,858 | 12/31/2016 | 79.8% | 07/23/2014 | ||||||||||||||
Loan | 51 | North Hills Shopping Center (29) | 0.5% | Oscar M. Pelayo | 4,175 | 10/31/2018 | Mediterranean Restaurant & Bakery | 4,130 | 08/31/2017 | Sherwin Williams Company | 3,800 | 12/31/2017 | 94.4% | 06/01/2014 | ||||||||||||||
Loan | 52 | MKL Houston Portfolio | 0.5% | 100.0% | 06/01/2014 | |||||||||||||||||||||||
Property | 52.01 | Rice Properties | 0.3% | Sweet Paris | 1,893 | 4/30/2019 | H&R Block | 1,681 | 4/30/2018 | J. Silver | 1,547 | 1/31/2020 | 100.0% | 06/01/2014 | ||||||||||||||
Property | 52.02 | Richmond Properties | 0.2% | Pete’s Fine Meats (5501-5509) | 2,400 | 3/31/2016 | Pete’s Fine Meats (5511) | 2,400 | 3/31/2016 | Signs by Tomorrow | 2,328 | 2/28/2017 | 100.0% | 06/01/2014 | ||||||||||||||
Property | 52.03 | Sonic | 0.1% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 06/01/2014 | ||||||||||||||
Loan | 53 | Shops at Cypress Creek | 0.5% | Wonderland Pediatric Dentist | 3,000 | 1/31/2024 | Cypress Creek Dental | 2,500 | 1/31/2024 | BH&G Real Estate | 2,200 | 1/31/2019 | 100.0% | 08/01/2014 | ||||||||||||||
Loan | 54 | Peachtree Square Shopping Center | 0.5% | Panera Bread Company | 4,408 | 09/30/2019 | Nail Talk & Tan | 3,450 | 08/30/2019 | European Dry Cleaners | 1,761 | 05/31/2016 | 95.4% | 07/01/2014 | ||||||||||||||
Loan | 55 | Holiday Inn Express Leland-Wilmington | 0.5% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 63.0% | 04/30/2014 | ||||||||||||||
Loan | 56 | Hampton Inn & Suites Waxahachie | 0.4% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 71.6% | 05/31/2014 | ||||||||||||||
Loan | 57 | The Terraces at Windy Hill | 0.4% | US Post Office | 7,791 | 1/31/2018 | Massage Envy | 3,366 | 7/31/2017 | Three Dollar Café | 2,058 | 11/30/2016 | 75.2% | 05/01/2014 | ||||||||||||||
Loan | 58 | Suburban Extended Stay Portfolio (34) | 0.4% | 76.2% | 05/31/2014 | |||||||||||||||||||||||
Property | 58.01 | Suburban Extended Stay Charlotte | 0.2% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 80.1% | 05/31/2014 | ||||||||||||||
Property | 58.02 | Suburban Extended Stay Hermitage | 0.2% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 72.2% | 05/31/2014 | ||||||||||||||
Loan | 59 | Sarno Business Complex | 0.4% | American Title Inc. | 10,046 | 8/31/2016 | Dept. of Juvenile Justice | 8,300 | 9/12/2019 | Consuming Fire Ministries | 4,988 | 3/31/2015 | 83.9% | 04/21/2014 | ||||||||||||||
Loan | 60 | Tower Crossing | 0.4% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 05/12/2014 | ||||||||||||||
Loan | 61 | Sprouts Farmers Market | 0.4% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 09/06/2014 | ||||||||||||||
Loan | 62 | Pacific Gillespie IV | 0.4% | San Diego Electric Sign | 6,046 | 3/31/2015 | Division 8, Inc. | 5,026 | 9/30/2017 | Anderson Drilling | 4,573 | 1/31/2017 | 96.2% | 06/24/2014 | ||||||||||||||
Loan | 63 | Shoppes at Mallory | 0.3% | Floorz | 4,064 | 7/31/2018 | Genesis Diamonds | 3,878 | 9/30/2017 | Massage Envy | 3,370 | 4/12/2017 | 100.0% | 07/02/2014 | ||||||||||||||
Loan | 64 | Dividend II | 0.3% | Teirnan & Patrylo, Inc. | 16,045 | 08/31/2025 | Gracepoint Church | 15,000 | 04/30/2016 | Avid Solutions | 10,000 | 04/30/2019 | 99.3% | 08/01/2014 | ||||||||||||||
Loan | 65 | Winn Dixie - Millbrook | 0.3% | Majestic Nail Salon | 1,400 | 03/01/2016 | Supercuts | 1,400 | 08/31/2019 | NAP | NAP | NAP | 100.0% | 07/31/2014 | ||||||||||||||
Loan | 66 | Comfort Suites Greensboro | 0.3% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 57.6% | 05/31/2014 | ||||||||||||||
Loan | 67 | Hapeville Gateway | 0.3% | Landmark Diner | 5,248 | 6/30/2016 | Natural Massage & Day Spa | 2,410 | 5/6/2019 | M&H Uniforms | 2,100 | 9/30/2015 | 94.6% | 07/21/2014 | ||||||||||||||
Loan | 68 | Ramada - Canton | 0.3% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 63.4% | 05/31/2014 | ||||||||||||||
Loan | 69 | Westbrook MHP | 0.2% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 99.4% | 06/26/2014 | ||||||||||||||
Loan | 70 | The Cedars Apartments | 0.1% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 96.9% | 07/10/2014 |
A-1-6
COMM 2014-UBS5 | ||||||||||||||||||||||||
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($)(5)(25) | Reserves ($)(26) | Reserves ($)(5)(25) | Reserves ($)(26) | Reserves ($)(5)(25) | Reserves ($)(26) | Reserves ($)(5)(25) | Reserves ($)(26) | Reserves ($)(5)(25) | ||||||||||||
Loan | 1 | Loews Miami Beach Hotel (31) | 8.5% | 4.0% of prior month’s gross revenues | 3,711,259 | 371,126 | �� | Springing | 2,500 | |||||||||||||||
Loan | 2 | Canyon Ranch Portfolio (31) | 5.3% | 4.0% of prior month’s gross revenues | 559,583 | 102,500 | 305,000 | 42,917 | ||||||||||||||||
Property | 2.01 | Canyon Ranch - Tucson | 3.3% | |||||||||||||||||||||
Property | 2.02 | Canyon Ranch - Lenox | 2.0% | |||||||||||||||||||||
Loan | 3 | 30 Dunnigan | 4.6% | 7,443 | Springing | 1,292,100 | 122,492 | 112,533 | 22,507 | |||||||||||||||
Loan | 4 | Summit Rancho Bernardo (32)(34) | 4.5% | 3,279 | 505,772 | 63,222 | Springing | |||||||||||||||||
Loan | 5 | MarqE Entertainment Center | 4.5% | 7,163 | 21,489 | 925,000 | 176,800 | 20,000 | 14,700 | |||||||||||||||
Loan | 6 | 6100 Wilshire (34) | 4.1% | 2,669 | 22,356 | 435,505 | 59,172 | Springing | ||||||||||||||||
Loan | 7 | State Farm Portfolio (31) | 3.9% | Springing | Springing | Springing | Springing | |||||||||||||||||
Property | 7.01 | Charlottesville State Farm Office | 0.5% | |||||||||||||||||||||
Property | 7.02 | Murfreesboro State Farm Office | 0.5% | |||||||||||||||||||||
Property | 7.03 | Ballston Spa State Farm Office | 0.4% | |||||||||||||||||||||
Property | 7.04 | Birmingham State Farm Office | 0.4% | |||||||||||||||||||||
Property | 7.05 | Tulsa State Farm Office | 0.3% | |||||||||||||||||||||
Property | 7.06 | Columbia State Farm Office | 0.3% | |||||||||||||||||||||
Property | 7.07 | Jacksonville State Farm Office | 0.3% | |||||||||||||||||||||
Property | 7.08 | Lincoln North State Farm Office | 0.2% | |||||||||||||||||||||
Property | 7.09 | Greeley Central State Farm Office | 0.2% | |||||||||||||||||||||
Property | 7.10 | New Albany State Farm Office | 0.2% | |||||||||||||||||||||
Property | 7.11 | Lincoln South State Farm Office | 0.1% | |||||||||||||||||||||
Property | 7.12 | Greeley South State Farm Office | 0.1% | |||||||||||||||||||||
Property | 7.13 | Kalamazoo State Farm Office | 0.1% | |||||||||||||||||||||
Property | 7.14 | Greeley North State Farm Office | 0.1% | |||||||||||||||||||||
Loan | 8 | Quakerbridge | 3.4% | 7,453 | 54,220 | 41,773 | 222,473 | 111,237 | Springing | 64,094 | ||||||||||||||
Loan | 9 | Overland Park Marriott (29)(32) | 3.0% | 1/12 of 5.0% of the prior year’s gross revenue | Springing | Springing | 9,790 | |||||||||||||||||
Loan | 10 | Town Park Ravine I, II, III (34) | 2.9% | 6,118 | 666,833 | 38,239 | 751,667 | 68,333 | 18,333 | 4,583 | 60,563 | |||||||||||||
Property | 10.01 | Town Park Ravine II | 1.0% | |||||||||||||||||||||
Property | 10.02 | Town Park Ravine I | 1.0% | |||||||||||||||||||||
Property | 10.03 | Town Park Ravine III | 0.9% | |||||||||||||||||||||
Loan | 11 | 412 West 14th Street | 2.8% | 350 | 6,500 | 40,028 | 13,343 | 10,270 | 3,423 | |||||||||||||||
Loan | 12 | Ellinwood Office Complex | 2.5% | 1,726 | Springing | Springing | 13,463 | 2,693 | ||||||||||||||||
Loan | 13 | Ridgmar Mall (32) | 2.3% | 7,939 | 1,000,000 | 21,502 | 985,000 | 100,500 | 65,000 | 6,700 | 12,500 | |||||||||||||
Loan | 14 | Breakwater Hotel | 2.2% | 4.0% of prior month’s gross revenues excluding Rents from the Restaurant Leases | 463,830 | 38,653 | 197,484 | 36,614 | ||||||||||||||||
Loan | 15 | Harwood Center (31)(34) | 2.1% | 12,066 | 75,413 | 1,006,706 | 117,059 | 26,874 | 10,336 | |||||||||||||||
Loan | 16 | Seacourt Pavilion | 2.1% | 4,145 | 10,364 | 209,836 | 58,288 | 65,605 | 11,715 | 48,375 | ||||||||||||||
Loan | 17 | Fairlane Meadows Apartments | 2.1% | 12,200 | 121,667 | 63,333 | 29,758 | 9,919 | 97,350 | |||||||||||||||
Loan | 18 | Hampton Inn - Columbus (34) | 1.9% | 1/12 of 4.0% of prior year’s gross revenues | 124,178 | 31,045 | 41,667 | 4,167 | ||||||||||||||||
Loan | 19 | The Campus at Greenhill (34) | 1.8% | Springing | Springing | 182,140 | Springing | 18,136 | Springing | |||||||||||||||
Loan | 20 | 315 South Beverly Drive (32) | 1.5% | 1,419 | 250,000 | 8,515 | 127,133 | 10,594 | 44,000 | 3,667 | ||||||||||||||
Loan | 21 | Commons at Madera Fair | 1.5% | 3,723 | 9,333 | 14,846 | 14,846 | 19,858 | 3,310 | |||||||||||||||
Loan | 22 | SRC Multifamily Portfolio Pool 1 | 1.4% | 12,006 | 225,205 | 37,534 | Springing | 209,094 | ||||||||||||||||
Property | 22.01 | Towne Oaks | 0.6% | |||||||||||||||||||||
Property | 22.02 | French Road | 0.5% | |||||||||||||||||||||
Property | 22.03 | Ashley Park | 0.3% | |||||||||||||||||||||
Loan | 23 | Homewood Suites by Hilton - Newark | 1.3% | 1/12 of (i) 1% of Gross Income from 9/2015 through 8/2016; (ii) 2% through 8/2017; (iii) 3% through 8/2018; (iv) 4% through the end of the loan term | 110,953 | 19,813 | 50,419 | 4,002 | 8,375 | |||||||||||||||
Loan | 24 | Springhill Suites Atlanta Airport Gateway Center | 1.2% | Springing | TBD | Springing | TBD | Springing | ||||||||||||||||
Loan | 25 | Roebuck Marketplace (29) | 1.2% | 2,419 | 445,000 | 8,062 | 81,000 | 9,000 | 39,182 | 6,758 | ||||||||||||||
Loan | 26 | Eden’s Edge Apartments | 1.2% | 5,083 | 163,524 | 18,169 | 36,132 | 6,255 | ||||||||||||||||
Loan | 27 | Queens Crossing Office Condos | 1.1% | 500 | 4,000 | 5,250 | 1,750 | 10,000 | 3,500 | |||||||||||||||
Loan | 28 | 4247 Eastern Avenue SE (29) | 1.1% | 3,617 | 5,426 | Springing | Springing | 22,000 | ||||||||||||||||
Loan | 29 | Port O’Call Apartments | 1.0% | 2,091,200 | Springing | 58,701 | 19,567 | 109,910 | 14,800 | 8,800 | ||||||||||||||
Loan | 30 | Allred Airport Center I | 1.0% | 255,000 | 1,557 | 8,563 | 91,510 | 13,865 | 9,208 | 2,558 | ||||||||||||||
Loan | 31 | SpringHill Suites Lake Charles | 1.0% | 1/12 of 5.0% of prior year’s annual operating income | 91,450 | 13,064 | 21,886 | 10,943 | ||||||||||||||||
Loan | 32 | Legacy Pavilion Parking Deck | 1.0% | 2,717 | 245,851 | 20,488 | 10,641 | 2,128 | ||||||||||||||||
Loan | 33 | Rand Tower Minneapolis (34) | 0.9% | 2,427 | 33,026 | 10,128 | 166,398 | 26,801 | Springing | 80,375 | ||||||||||||||
Loan | 34 | 431 Waverley | 0.9% | 1,943,705 | 305 | 1,086,000 | 5,789 | 56,000 | 10,500 | 870 | 870 | |||||||||||||
Loan | 35 | Village at Collin Creek | 0.9% | Springing | 100,000 | Springing | 161,205 | 21,211 | Springing | |||||||||||||||
Loan | 36 | Honey Creek III (32) | 0.8% | 1,968 | 200,000 | 9,839 | 42,500 | 18,536 | Springing | 6,875 | ||||||||||||||
Loan | 37 | Town Point Center (33) | 0.8% | 2,131 | 360,000 | 4,615 | 14,833 | 14,833 | 5,420 | 962 | 275 | |||||||||||||
Loan | 38 | Asurion Building | 0.8% | Springing | 362,596 | 8,366 | 44,800 | 7,467 | 5,489 | Springing | ||||||||||||||
Loan | 39 | Best Buy Newport News | 0.8% | Springing | Springing | Springing | ||||||||||||||||||
Loan | 40 | Westside Urban Market II | 0.7% | 668 | 200,000 | 2,500 | 82,932 | 7,635 | 4,483 | 1,121 | 42,000 | |||||||||||||
Loan | 41 | White Marsh Business Center | 0.7% | 2,479 | 8,450 | 13,644 | 10,838 | 4,168 | ||||||||||||||||
Loan | 42 | Eden Way Storage | 0.7% | 1,412 | 20,639 | 6,880 | 10,763 | 1,794 | ||||||||||||||||
Loan | 43 | Southgate Shopping Center | 0.7% | 3,546 | 11,820 | 60,004 | 6,000 | Springing | ||||||||||||||||
Loan | 44 | Aurora City Square (29) | 0.6% | 4,845 | 100,000 | 4,727 | 83,094 | 23,741 | 4,049 | 2,025 | 185,250 | |||||||||||||
Loan | 45 | Lilburn Corners | 0.6% | 1,753 | 83,000 | 5,417 | 103,845 | 10,385 | 4,268 | 1,423 | 244,960 | |||||||||||||
Loan | 46 | West Clinic Portfolio | 0.6% | Springing | Springing | Springing | ||||||||||||||||||
Property | 46.01 | West Clinic - Memphis | 0.3% | |||||||||||||||||||||
Property | 46.02 | West Clinic - Southaven | 0.2% | |||||||||||||||||||||
Property | 46.03 | West Clinic - Brighton | 0.1% | |||||||||||||||||||||
Loan | 47 | Southridge Plaza | 0.6% | 1,010 | 1,992 | 61,526 | 20,509 | 21,048 | 2,105 | |||||||||||||||
Loan | 48 | Stoney Creek Apartments | 0.5% | 4,833 | 82,126 | 20,531 | 43,723 | 4,372 | 29,344 | |||||||||||||||
Loan | 49 | Ramada Minnesota and La Quinta Idaho | 0.5% | 182,128 | 1/12 of 5.0% of Gross Income from Operations for the prior 12 months | 43,539 | 12,667 | 14,388 | 2,446 | |||||||||||||||
Property | 49.01 | Ramada Marshall | 0.3% | |||||||||||||||||||||
Property | 49.02 | La Quinta Inn & Suites Coeur D’Alene East | 0.2% | |||||||||||||||||||||
Loan | 50 | South Blanding Village (29) | 0.5% | 1,813 | 2,267 | 82,644 | 7,124 | 21,746 | 1,875 | 109,728 | ||||||||||||||
Loan | 51 | North Hills Shopping Center (29) | 0.5% | 1,288 | 121,537 | 11,466 | 21,690 | Springing | 3,125 | |||||||||||||||
Loan | 52 | MKL Houston Portfolio | 0.5% | 641 | 200,000 | 2,403 | 95,000 | 13,000 | 50,000 | 5,000 | ||||||||||||||
Property | 52.01 | Rice Properties | 0.3% | |||||||||||||||||||||
Property | 52.02 | Richmond Properties | 0.2% | |||||||||||||||||||||
Property | 52.03 | Sonic | 0.1% | |||||||||||||||||||||
Loan | 53 | Shops at Cypress Creek | 0.5% | 492 | 7,461 | 80,000 | 13,200 | 20,000 | 3,400 | |||||||||||||||
Loan | 54 | Peachtree Square Shopping Center | 0.5% | Springing | 137,494 | 11,458 | Springing | 12,500 | ||||||||||||||||
Loan | 55 | Holiday Inn Express Leland-Wilmington | 0.5% | 1/12 of 4.0% of Gross Income from Operations for the previous calendar year | 3,514 | 3,514 | 15,824 | 3,956 | ||||||||||||||||
Loan | 56 | Hampton Inn & Suites Waxahachie | 0.4% | 1/12 of 4.0% of Gross Income from Operations for the prior 12 months | 95,333 | 7,333 | 32,663 | 2,333 | 2,500 | |||||||||||||||
Loan | 57 | The Terraces at Windy Hill | 0.4% | 150,000 | 1,550 | 200,000 | 3,100 | 79,586 | 9,400 | 1,870 | 180,588 | |||||||||||||
Loan | 58 | Suburban Extended Stay Portfolio (34) | 0.4% | 1/12 of 4.0% of Gross Income from Operations for the previous calendar year | 81,123 | 8,021 | 46,185 | 6,598 | 21,875 | |||||||||||||||
Property | 58.01 | Suburban Extended Stay Charlotte | 0.2% | |||||||||||||||||||||
Property | 58.02 | Suburban Extended Stay Hermitage | 0.2% | |||||||||||||||||||||
Loan | 59 | Sarno Business Complex | 0.4% | 3,350 | 111,522 | 5,750 | 91,000 | 11,500 | 22,000 | 7,200 | ||||||||||||||
Loan | 60 | Tower Crossing | 0.4% | 6,966 | 35,099 | 6,268 | 82,714 | 7,131 | 158,259 | |||||||||||||||
Loan | 61 | Sprouts Farmers Market | 0.4% | 306 | 1,019 | 20,890 | 6,964 | Springing | 2,250 | |||||||||||||||
Loan | 62 | Pacific Gillespie IV | 0.4% | 1,144 | 100,000 | 3,478 | 35,564 | 7,113 | 5,387 | 900 | 5,625 | |||||||||||||
Loan | 63 | Shoppes at Mallory | 0.3% | 435 | 100,000 | 2,176 | 43,000 | 5,600 | 8,500 | 1,500 | ||||||||||||||
Loan | 64 | Dividend II | 0.3% | 25,562 | Springing | 3,410 | 61,219 | 6,122 | 2,385 | 1,193 | 64,327 | |||||||||||||
Loan | 65 | Winn Dixie - Millbrook | 0.3% | 815 | 2,817 | 38,502 | 3,209 | 10,015 | 1,113 | 2,526 | ||||||||||||||
Loan | 66 | Comfort Suites Greensboro | 0.3% | 1/12 of 4.0% of the prior year’s annual operating income | 9,000 | 4,400 | 13,000 | 2,700 | 6,250 | |||||||||||||||
Loan | 67 | Hapeville Gateway | 0.3% | 624 | 1,872 | 65,630 | 5,469 | 10,979 | 1,220 | |||||||||||||||
Loan | 68 | Ramada - Canton | 0.3% | 1/12 of 4% of prior years Gross Income | 14,250 | 5,481 | 18,996 | 1,446 | 16,946 | |||||||||||||||
Loan | 69 | Westbrook MHP | 0.2% | 754 | 31,667 | 6,333 | 14,305 | 2,044 | ||||||||||||||||
Loan | 70 | The Cedars Apartments | 0.1% | 667 | 19,753 | 2,297 | 5,348 | 2,057 | 11,787 |
A-1-7
COMM 2014-UBS5 | ||||||||||
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 ($)(5)(25)(26)(27) | Description(25)(26)(27) | |||||
Loan | 1 | Loews Miami Beach Hotel (31) | 8.5% | |||||||
Loan | 2 | Canyon Ranch Portfolio (31) | 5.3% | |||||||
Property | 2.01 | Canyon Ranch - Tucson | 3.3% | |||||||
Property | 2.02 | Canyon Ranch - Lenox | 2.0% | |||||||
Loan | 3 | 30 Dunnigan | 4.6% | |||||||
Loan | 4 | Summit Rancho Bernardo (32)(34) | 4.5% | Springing | Lease Sweep Reserve (Springing Monthly: Excess Cash Flow) | |||||
Loan | 5 | MarqE Entertainment Center | 4.5% | Springing | Special Rollover Reserve (Springing Monthly: Excess Cash Flow) | |||||
Loan | 6 | 6100 Wilshire (34) | 4.1% | 2,349,857 | Deposits of CBS Rollover Funds (Upfront: $1,500,000); Unfunded Obligation (Upfront: $726,101); Tax Lien Reserve (Upfront: $123,756); Major Tenant TI/LC Funds (Springing Monthly: Excess Cash Flow) | |||||
Loan | 7 | State Farm Portfolio (31) | 3.9% | Springing | Major Tenant TI/LC Reserve Funds (Springing Monthly: Excess Cash Flow); State Farm Prepaid Base Rent Funds (Springing) | |||||
Property | 7.01 | Charlottesville State Farm Office | 0.5% | |||||||
Property | 7.02 | Murfreesboro State Farm Office | 0.5% | |||||||
Property | 7.03 | Ballston Spa State Farm Office | 0.4% | |||||||
Property | 7.04 | Birmingham State Farm Office | 0.4% | |||||||
Property | 7.05 | Tulsa State Farm Office | 0.3% | |||||||
Property | 7.06 | Columbia State Farm Office | 0.3% | |||||||
Property | 7.07 | Jacksonville State Farm Office | 0.3% | |||||||
Property | 7.08 | Lincoln North State Farm Office | 0.2% | |||||||
Property | 7.09 | Greeley Central State Farm Office | 0.2% | |||||||
Property | 7.10 | New Albany State Farm Office | 0.2% | |||||||
Property | 7.11 | Lincoln South State Farm Office | 0.1% | |||||||
Property | 7.12 | Greeley South State Farm Office | 0.1% | |||||||
Property | 7.13 | Kalamazoo State Farm Office | 0.1% | |||||||
Property | 7.14 | Greeley North State Farm Office | 0.1% | |||||||
Loan | 8 | Quakerbridge | 3.4% | 13,074 | Unfunded Tenant Obligations Funds (Upfront: $13,074); Major Tenant TI/LC Funds (Springing Monthly: Excess Cash Flow); Condominium Common Charge Funds (Monthly: Condominium common charges due for following month) | |||||
Loan | 9 | Overland Park Marriott (29)(32) | 3.0% | |||||||
Loan | 10 | Town Park Ravine I, II, III (34) | 2.9% | 294,582 | Free Rent Reserve (Upfront: $294,582); CO Escrow Fund (Springing); Lease Termination Escrow Fund (Springing) | |||||
Property | 10.01 | Town Park Ravine II | 1.0% | |||||||
Property | 10.02 | Town Park Ravine I | 1.0% | |||||||
Property | 10.03 | Town Park Ravine III | 0.9% | |||||||
Loan | 11 | 412 West 14th Street | 2.8% | 3,036,377 | Lease Sweep Reserve (Springing Monthly: Excess Cash Flow); Common Charge Account (Monthly: Approved Annual Budget amount, currently 4,601); Rent Abatement Reserve (Upfront: $3,036,377) | |||||
Loan | 12 | Ellinwood Office Complex | 2.5% | Springing | Lease Sweep Reserve (Springing Monthly: Excess Cash Flow) | |||||
Loan | 13 | Ridgmar Mall (32) | 2.3% | 46,679 | Old Navy TI/LC Reserve (Upfront: 45,804); Asbestos O&M Plan (Upfront: 875) | |||||
Loan | 14 | Breakwater Hotel | 2.2% | 129,552 | Contested Fines Reserve (Upfront: 129,552) | |||||
Loan | 15 | Harwood Center (31)(34) | 2.1% | 3,436,458 | Omnicom Rollover (Upfront: 2,000,000); Free Rent (Upfront: 1,221,739; Monthly: 79,861); Rent (Upfront: 118,140; Monthly: 80,285); Holdback Reserve (Upfront: 96,579); Major Tenant (Monthly Springing: Excess Cash Flow) | |||||
Loan | 16 | Seacourt Pavilion | 2.1% | 1,089,666 | Achievement Funds (Upfront: 800,000); Unfunded Obligations Funds (Upfront: 289,666); Major Tenant Rollover Funds (Springing Monthly: Excess Cash Flow) | |||||
Loan | 17 | Fairlane Meadows Apartments | 2.1% | |||||||
Loan | 18 | Hampton Inn - Columbus (34) | 1.9% | Springing | Franchise Agreement Sweep Reserve (Springing Monthly: Excess Cash Flow) | |||||
Loan | 19 | The Campus at Greenhill (34) | 1.8% | 2,000,000 | Achievement Funds (Upfront: 2,000,000); Ground Rent Funds (Monthly: $104,500); Major Tenant Rollover Funds (Springing Monthly: Excess Cash Flow) | |||||
Loan | 20 | 315 South Beverly Drive (32) | 1.5% | 398,850 | Wells Fargo TI/LC Reserve (Upfront: 48,000); Ground Rent Reserve (Upfront: 13,850, Monthly: 1/12 of estimated ground rent payable over the next 12 months); Near Term Holdback Reserve (Upfront: 337,000) | |||||
Loan | 21 | Commons at Madera Fair | 1.5% | 2,392,743 | Grocery Outlet Reserve (Upfront: 2,035,000); Grocery Outlet Rent Reserve (Upfront: 288,160); Ground Rent Reserve (Upfront: 69,583; Monthly: 69,583) | |||||
Loan | 22 | SRC Multifamily Portfolio Pool 1 | 1.4% | 3,123,418 | Holdback Capital Expenditures Reserve (Upfront: 3,123,418) | |||||
Property | 22.01 | Towne Oaks | 0.6% | |||||||
Property | 22.02 | French Road | 0.5% | |||||||
Property | 22.03 | Ashley Park | 0.3% | |||||||
Loan | 23 | Homewood Suites by Hilton - Newark | 1.3% | Springing | PIP Reserve Funds (Springing Monthly: Excess Cash Flow) | |||||
Loan | 24 | Springhill Suites Atlanta Airport Gateway Center | 1.2% | |||||||
Loan | 25 | Roebuck Marketplace (29) | 1.2% | 8,550 | Rent Abatement Reserve (Upfront: 8,550); Occupancy Reserve (Springing Monthly: Excess Cash Flow) | |||||
Loan | 26 | Eden’s Edge Apartments | 1.2% | |||||||
Loan | 27 | Queens Crossing Office Condos | 1.1% | 35,000 | Common Charge Reserve (Upfront: 35,000) | |||||
Loan | 28 | 4247 Eastern Avenue SE (29) | 1.1% | Special Rollover Reserve (Springing Monthly: Excess Cash Flow) | ||||||
Loan | 29 | Port O’Call Apartments | 1.0% | 700,000 | Holdback Reserve (Upfront: 700,000); Common Charges Reserve (Springing Quarterly: 17,550) | |||||
Loan | 30 | Allred Airport Center I | 1.0% | 43,477 | Unfunded Obligations Funds (Upfront: 43,477); Major Tenant Funds (Springing Monthly: Excess Cash Flow) | |||||
Loan | 31 | SpringHill Suites Lake Charles | 1.0% | |||||||
Loan | 32 | Legacy Pavilion Parking Deck | 1.0% | 40,000 | Condominium Assessment Reserve (Upfront: 40,000) | |||||
Loan | 33 | Rand Tower Minneapolis (34) | 0.9% | 391,387 | Free Rent Reserve (Upfront: 202,387); Discretion Expenditures Reserve (Upfront: 189,000) | |||||
Loan | 34 | 431 Waverley | 0.9% | Springing | Special Rollover Reserve (Springing Monthly: Excess Cash Flow) | |||||
Loan | 35 | Village at Collin Creek | 0.9% | 326,083 | Jo-Ann Remodeling Allowance Funds (Upfront: 250,000); Deposits of Free Rent Reserve Funds (Upfront: 48,623); Deposits of Herrera TI Funds (Upfront: 27,460); Major Tenant Rollover Funds (Springing Monthly: Excess Cash Flow) | |||||
Loan | 36 | Honey Creek III (32) | 0.8% | 278,127 | KForce TI/LC Reserve (Upfront: 192,528); Rent Abatement Reserve (Upfront: 85,599); Special Rollover Reserve (Springing Monthly: Excess Cash Flow) | |||||
Loan | 37 | Town Point Center (33) | 0.8% | 1,538,881 | Tenant Improvement (Upfront: 1,265,371); Free Rent Reserve (Upfront: 248,168); Ground Rent Reserve (Upfront: 25,342; Monthly: Springing); DS Reserve (Monthly: 4,980); Lease Sweep Reserve (Springing Monthly: Excess Cash Flow) | |||||
Loan | 38 | Asurion Building | 0.8% | 126,991 | Prepaid Rent Reserve (Upfront: 126,990.73); Lease Sweep Reserve (Springing Monthly: Excess Cash Flow) | |||||
Loan | 39 | Best Buy Newport News | 0.8% | Springing | Special Rollover Reserve (Springing Monthly: Excess Cash Flow) | |||||
Loan | 40 | Westside Urban Market II | 0.7% | |||||||
Loan | 41 | White Marsh Business Center | 0.7% | 954,777 | Achievement Reserve Funds (Upfront: $850,000); Unfunded Tenant Obligations Reserve Funds (Upfront: 104,777) | |||||
Loan | 42 | Eden Way Storage | 0.7% | |||||||
Loan | 43 | Southgate Shopping Center | 0.7% | Springing | Major Tenant Sweep Reserve (Springing Monthly: Excess Cash Flow) | |||||
Loan | 44 | Aurora City Square (29) | 0.6% | 56,000 | Free Rent Reserve (Upfront: 56,000) | |||||
Loan | 45 | Lilburn Corners | 0.6% | 58,027 | Free Rent Reserve (Upfront: 58,027); Special Rollover Reserve (Springing Monthly: Excess Cash Flow) | |||||
Loan | 46 | West Clinic Portfolio | 0.6% | Springing | Lease Sweep Reserve (Springing Monthly: Excess Cash Flow) | |||||
Property | 46.01 | West Clinic - Memphis | 0.3% | |||||||
Property | 46.02 | West Clinic - Southaven | 0.2% | |||||||
Property | 46.03 | West Clinic - Brighton | 0.1% | |||||||
Loan | 47 | Southridge Plaza | 0.6% | Springing | Lease Sweep Reserve (Springing Monthly: Excess Cash Flow) | |||||
Loan | 48 | Stoney Creek Apartments | 0.5% | 71,719 | Radon Reserve (Upfront: 71,719) | |||||
Loan | 49 | Ramada Minnesota and La Quinta Idaho | 0.5% | 260,000 | Seasonality Reserve (Upfront: 260,000, Monthly: Springing) | |||||
Property | 49.01 | Ramada Marshall | 0.3% | |||||||
Property | 49.02 | La Quinta Inn & Suites Coeur D’Alene East | 0.2% | |||||||
Loan | 50 | South Blanding Village (29) | 0.5% | 2,947,314 | Unfunded Obligations Funds (Upfront: 1,980,000); Holdback Reserve Funds (Upfront: 650,000); Free Rent Funds (Upfront: 316,314); Florida PDSC Funds (Upfront: 1,000); Major Tenant Rollover Funds (Springing Monthly: Excess Cash Flow) | |||||
Loan | 51 | North Hills Shopping Center (29) | 0.5% | 486,632 | Roof Repair Reserve (Upfront: $267,122); Free Rent Reserve Funds (Upfront: $114,905); Velvet Room Reserve (Upfront: $104,605); Specified Tenant Rollover Funds (Springing Monthly: Excess Cash Flow) | |||||
Loan | 52 | MKL Houston Portfolio | 0.5% | 100,000 | Environmental Remediation Reserve (Upfront: 100,000) | |||||
Property | 52.01 | Rice Properties | 0.3% | |||||||
Property | 52.02 | Richmond Properties | 0.2% | |||||||
Property | 52.03 | Sonic | 0.1% | |||||||
Loan | 53 | Shops at Cypress Creek | 0.5% | 82,800 | Cypress Fairbanks Reserve (Upfront: 82,800) | |||||
Loan | 54 | Peachtree Square Shopping Center | 0.5% | Springing | Office Depot Rollover Reserve (Springing Monthly: 12,500) | |||||
Loan | 55 | Holiday Inn Express Leland-Wilmington | 0.5% | 75,000 | Seasonality Reserve (Upfront: 75,000; Monthly: Springing); PIP Reserve (Monthly: Springing one-time deposit) | |||||
Loan | 56 | Hampton Inn & Suites Waxahachie | 0.4% | 146,250 | Unsecured Claim Reserve (Upfront: 146,250) | |||||
Loan | 57 | The Terraces at Windy Hill | 0.4% | 85,492 | ADMA TI/LC Reserve (Upfront: 85,492); Rent Abatement Reserve (Monthly: Excess Cash Flow) | |||||
Loan | 58 | Suburban Extended Stay Portfolio (34) | 0.4% | 779,850 | PIP Reserve (Upfront: 779,850) | |||||
Property | 58.01 | Suburban Extended Stay Charlotte | 0.2% | |||||||
Property | 58.02 | Suburban Extended Stay Hermitage | 0.2% | |||||||
Loan | 59 | Sarno Business Complex | 0.4% | 913,680 | Rent Abatement Reserve (Upfront: 213,680); Holdback Reserve (Upfront: 700,000); Special Rollover Reserve (Springing Monthly: Excess Cash Flow) | |||||
Loan | 60 | Tower Crossing | 0.4% | |||||||
Loan | 61 | Sprouts Farmers Market | 0.4% | Springing | Special Rollover Reserve (Springing Monthly: Excess Cash Flow) | |||||
Loan | 62 | Pacific Gillespie IV | 0.4% | Springing | Special Rollover Reserve (Springing Monthly: Excess Cash Flow) | |||||
Loan | 63 | Shoppes at Mallory | 0.3% | 26,809 | Warrior Fitness Reserve (Upfront: 26,809); Special Rollover Reserve (Springing Monthly: Excess Cash Flow) | |||||
Loan | 64 | Dividend II | 0.3% | |||||||
Loan | 65 | Winn Dixie - Millbrook | 0.3% | Springing | Lease Sweep Reserve (Springing Monthly: Excess Cash Flow) | |||||
Loan | 66 | Comfort Suites Greensboro | 0.3% | 245,945 | Seasonality Reserve (Upfront: 30,000); HSBC Litigation Holdback (Upfront: 215,945) | |||||
Loan | 67 | Hapeville Gateway | 0.3% | 200,000 | Litigation Reserve (Upfront: 200,000); Special Rollover Reserve (Springing Monthly: Excess Cash Flow) | |||||
Loan | 68 | Ramada - Canton | 0.3% | |||||||
Loan | 69 | Westbrook MHP | 0.2% | |||||||
Loan | 70 | The Cedars Apartments | 0.1% |
A-1-8
COMM 2014-UBS5 | ||||||||||||||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||||||||||||||
% of | Environmental | Existing | Existing | Future Debt | ||||||||||||||||||
Property | Initial Pool | Report | Engineering | Loan | Additional Debt | Additional Debt | Permitted | |||||||||||||||
Flag | ID | Property Name | Balance | Date(28)(29) | Report Date | Purpose | Sponsor | Guarantor(30) | Amount(31)(32)(33) | Description(31)(32)(33) | Type(34) | |||||||||||
Loan | 1 | Loews Miami Beach Hotel (31) | 8.5% | 07/31/2014 | 07/31/2014 | Refinance | Loews Hotels Holding Corporation | Loews Hotels Holding Corporation | 180,000,000 | Pari Passu Debt | NAP | |||||||||||
Loan | 2 | Canyon Ranch Portfolio (31) | 5.3% | Refinance | CR Operating, LLC | CR Operating, LLC | 75,000,000 | Pari Passu Debt | NAP | |||||||||||||
Property | 2.01 | Canyon Ranch - Tucson | 3.3% | 06/25/2014 | 07/11/2014 | |||||||||||||||||
Property | 2.02 | Canyon Ranch - Lenox | 2.0% | 06/25/2014 | 06/26/2014 | |||||||||||||||||
Loan | 3 | 30 Dunnigan | 4.6% | 07/24/2014 | 06/26/2014 | Refinance | Michael Goldberg; Steven Goldberg; Neil Goldberg | Michael Goldberg; Steven Goldberg; Neil Goldberg | None | NAP | ||||||||||||
Loan | 4 | Summit Rancho Bernardo (32)(34) | 4.5% | 06/02/2014 | 05/29/2014 | Refinance | Joseph K. Paul; Jay Paul Revocable Living Trust | Joseph K. Paul; Jay Paul Revocable Living Trust | 10,000,000 | Mezzanine | Mezzanine | |||||||||||
Loan | 5 | MarqE Entertainment Center | 4.5% | 05/20/2014 | 03/19/2014 | Acquisition | Herbert L. Levine; Chris Pappas; Harris Pappas | Herbert L. Levine; Chris Pappas; Harris Pappas | None | NAP | ||||||||||||
Loan | 6 | 6100 Wilshire (34) | 4.1% | 07/21/2014 | 07/21/2014 | Acquisition | Sam Hakim; Michael Hakim | Sam Hakim; Michael Hakim | None | Mezzanine | ||||||||||||
Loan | 7 | State Farm Portfolio (31) | 3.9% | Acquisition | JDM Partners Opportunity Fund II LLC | JDM Partners Opportunity Fund II LLC | 328,000,000 | Pari Passu Debt | NAP | |||||||||||||
Property | 7.01 | Charlottesville State Farm Office | 0.5% | 03/10/2014 | 03/17/2014 | |||||||||||||||||
Property | 7.02 | Murfreesboro State Farm Office | 0.5% | 03/11/2014 | 03/17/2014 | |||||||||||||||||
Property | 7.03 | Ballston Spa State Farm Office | 0.4% | 03/17/2014 | 03/17/2014 | |||||||||||||||||
Property | 7.04 | Birmingham State Farm Office | 0.4% | 03/10/2014 | 03/17/2014 | |||||||||||||||||
Property | 7.05 | Tulsa State Farm Office | 0.3% | 03/10/2014 | 03/17/2014 | |||||||||||||||||
Property | 7.06 | Columbia State Farm Office | 0.3% | 03/10/2014 | 03/17/2014 | |||||||||||||||||
Property | 7.07 | Jacksonville State Farm Office | 0.3% | 03/11/2014 | 03/17/2014 | |||||||||||||||||
Property | 7.08 | Lincoln North State Farm Office | 0.2% | 03/18/2014 | 03/17/2014 | |||||||||||||||||
Property | 7.09 | Greeley Central State Farm Office | 0.2% | 03/17/2014 | 03/17/2014 | |||||||||||||||||
Property | 7.10 | New Albany State Farm Office | 0.2% | 03/17/2014 | 03/17/2014 | |||||||||||||||||
Property | 7.11 | Lincoln South State Farm Office | 0.1% | 03/18/2014 | 03/17/2014 | |||||||||||||||||
Property | 7.12 | Greeley South State Farm Office | 0.1% | 03/17/2014 | 03/17/2014 | |||||||||||||||||
Property | 7.13 | Kalamazoo State Farm Office | 0.1% | 03/18/2014 | 03/17/2014 | |||||||||||||||||
Property | 7.14 | Greeley North State Farm Office | 0.1% | 03/17/2014 | 03/17/2014 | |||||||||||||||||
Loan | 8 | Quakerbridge | 3.4% | 06/03/2014 | 06/03/2014 | Refinance | George Comfort & Sons, Inc. | George Comfort & Sons, Inc. | None | NAP | ||||||||||||
Loan | 9 | Overland Park Marriott (29)(32) | 3.0% | 05/30/2014 | 05/30/2014 | Refinance | Kenneth Fearn; Stewart Cushman; Daniel Kurz | Kenneth Fearn; Stewart Cushman; Daniel Kurz | 5,000,000 | Mezzanine | NAP | |||||||||||
Loan | 10 | Town Park Ravine I, II, III (34) | 2.9% | Acquisition | Sergio Socolsky | Sergio Socolsky | None | Mezzanine | ||||||||||||||
Property | 10.01 | Town Park Ravine II | 1.0% | 06/03/2014 | 06/26/2014 | |||||||||||||||||
Property | 10.02 | Town Park Ravine I | 1.0% | 06/03/2014 | 06/26/2014 | |||||||||||||||||
Property | 10.03 | Town Park Ravine III | 0.9% | 06/03/2014 | 06/23/2014 | |||||||||||||||||
Loan | 11 | 412 West 14th Street | 2.8% | 07/02/2014 | 07/01/2014 | Refinance | Uzi Ben-Abraham; Yaron Jacobi; Joseph J. Sitt | Uzi Ben-Abraham; Yaron Jacobi; Joseph J. Sitt | None | NAP | ||||||||||||
Loan | 12 | Ellinwood Office Complex | 2.5% | 07/29/2014 | 07/29/2014 | Refinance | D. John Miller and Eric Sahn | D. John Miller and Eric Sahn | None | Unsecured Subordinate | ||||||||||||
Loan | 13 | Ridgmar Mall (32) | 2.3% | 09/04/2013 | 09/03/2013 | Acquisition | Garo Kholamian | Garo Kholamian | 12,585,365 | Mezzanine | NAP | |||||||||||
Loan | 14 | Breakwater Hotel | 2.2% | 07/22/2014 | 07/23/2014 | Refinance | Joe Nakash; Eli Gindi | Joe Nakash; Eli Gindi | None | NAP | ||||||||||||
Loan | 15 | Harwood Center (31)(34) | 2.1% | 06/04/2014 | 06/04/2014 | Refinance | Fortis Property Group, LLC | Fortis Property Group, LLC | 60,000,000 | Pari Passu Debt | Mezzanine | |||||||||||
Loan | 16 | Seacourt Pavilion | 2.1% | 06/16/2014 | 06/16/2014 | Refinance | David Schonberger; Daniel Friedman | David Schonberger; Daniel Friedman | None | NAP | ||||||||||||
Loan | 17 | Fairlane Meadows Apartments | 2.1% | 07/09/2014 | 07/02/2014 | Refinance | Alan Hayman | Alan Hayman | None | NAP | ||||||||||||
Loan | 18 | Hampton Inn - Columbus (34) | 1.9% | 07/29/2014 | 08/01/2014 | Refinance | David Patel | David Patel | None | Mezzanine | ||||||||||||
Loan | 19 | The Campus at Greenhill (34) | 1.8% | 05/13/2014 | 05/13/2014 | Refinance | Stanley C. Gale | Stanley C. Gale | None | Mezzanine | ||||||||||||
Loan | 20 | 315 South Beverly Drive (32) | 1.5% | 03/31/2014 | 04/03/2014 | Refinance | Richard Ackerman | Richard Ackerman | 4,000,000 | Mezzanine | NAP | |||||||||||
Loan | 21 | Commons at Madera Fair | 1.5% | 07/29/2014 | 06/18/2014 | Refinance | George Akel; Ronald Akel; Ferris Akel; David Newman; Marc Newman; Barry Newman | George Akel; Ronald Akel; Ferris Akel; David Newman; Marc Newman; Barry Newman | None | NAP | ||||||||||||
Loan | 22 | SRC Multifamily Portfolio Pool 1 | 1.4% | Acquisition | Edward P. Lorin; Charles F. Hill | Edward P. Lorin; Charles F. Hill | None | NAP | ||||||||||||||
Property | 22.01 | Towne Oaks | 0.6% | 05/20/2014 | 05/20/2014 | |||||||||||||||||
Property | 22.02 | French Road | 0.5% | 05/20/2014 | 05/20/2014 | |||||||||||||||||
Property | 22.03 | Ashley Park | 0.3% | 05/20/2014 | 05/20/2014 | |||||||||||||||||
Loan | 23 | Homewood Suites by Hilton - Newark | 1.3% | 07/07/2014 | 07/03/2014 | Refinance | Clement Chen, III | Clement Chen, III | None | NAP | ||||||||||||
Loan | 24 | Springhill Suites Atlanta Airport Gateway Center | 1.2% | 06/13/2014 | 07/02/2014 | Acquisition | Allan V. Rose | Allan V. Rose | None | NAP | ||||||||||||
Loan | 25 | Roebuck Marketplace (29) | 1.2% | 05/28/2014 | 05/23/2014 | Refinance | Richard Baer; Andrew J. Cohen | Richard Baer; Andrew J. Cohen | None | NAP | ||||||||||||
Loan | 26 | Eden’s Edge Apartments | 1.2% | 05/06/2014 | 05/06/2014 | Refinance | Marcel Arsenault | Marcel Arsenault | None | NAP | ||||||||||||
Loan | 27 | Queens Crossing Office Condos | 1.1% | 05/15/2014 | 05/14/2014 | Refinance | Leon Lee | Leon Lee | None | NAP | ||||||||||||
Loan | 28 | 4247 Eastern Avenue SE (29) | 1.1% | 07/24/2014 | 07/21/2014 | Acquisition | The Praedium Group LLC; 4247 Eastern Avenue JV LLC | The Praedium Group LLC; 4247 Eastern Avenue JV LLC | None | NAP | ||||||||||||
Loan | 29 | Port O’Call Apartments | 1.0% | 05/13/2014 | 05/12/2014 | Acquisition | W. Michael James; William J. Holt | W. Michael James; William J. Holt | None | NAP | ||||||||||||
Loan | 30 | Allred Airport Center I | 1.0% | 06/04/2014 | 06/04/2014 | Refinance | David Fred Allred | David Fred Allred | None | NAP | ||||||||||||
Loan | 31 | SpringHill Suites Lake Charles | 1.0% | 05/12/2014 | 04/03/2014 | Refinance | John F. Biagas | John F. Biagas | None | NAP | ||||||||||||
Loan | 32 | Legacy Pavilion Parking Deck | 1.0% | 08/01/2014 | 08/01/2014 | Refinance | David D. Marvin | David D. Marvin | None | NAP | ||||||||||||
Loan | 33 | Rand Tower Minneapolis (34) | 0.9% | 06/12/2014 | 06/13/2014 | Acquisition | Matthew J. Felton | Matthew J. Felton | None | Mezzanine | ||||||||||||
Loan | 34 | 431 Waverley | 0.9% | 02/20/2014 | 02/20/2014 | Acquisition | Jamie B. D’Alessandro; Richard Tod Spieker Jr.; Michael W. Field | Jamie B. D’Alessandro; Richard Tod Spieker Jr.; Michael W. Field | None | NAP | ||||||||||||
Loan | 35 | Village at Collin Creek | 0.9% | 06/03/2014 | 06/02/2014 | Refinance | Susan Reese | Susan Reese | None | NAP | ||||||||||||
Loan | 36 | Honey Creek III (32) | 0.8% | 07/07/2014 | 07/07/2014 | Refinance | Bryan W. Flynn; Joseph R. Wagner | Bryan W. Flynn; Joseph R. Wagner | 1,600,000 | Mezzanine | NAP | |||||||||||
Loan | 37 | Town Point Center (33) | 0.8% | 07/18/2014 | 07/01/2014 | Acquisition | Hugh D. Cohen; Brian Boehmcke | Hugh D. Cohen; Brian Boehmcke | 2,540,000 | Preferred Equity | NAP | |||||||||||
Loan | 38 | Asurion Building | 0.8% | 06/10/2014 | 06/10/2014 | Refinance | David Fred Allred; Allred Family Revocable Trust U/T/A Dated April 1, 1998 | David Fred Allred; Allred Family Revocable Trust U/T/A Dated April 1, 1998 | None | NAP | ||||||||||||
Loan | 39 | Best Buy Newport News | 0.8% | 05/22/2014 | 05/22/2014 | Acquisition | Annaly Net Lease Holdings LLC | Annaly Net Lease Holdings LLC | None | NAP | ||||||||||||
Loan | 40 | Westside Urban Market II | 0.7% | 07/10/2014 | 07/10/2014 | Refinance | Michael Phillips; Kathleen Walker | Michael Phillips; Kathleen Walker | None | NAP | ||||||||||||
Loan | 41 | White Marsh Business Center | 0.7% | 07/25/2014 | 07/03/2014 | Acquisition | Douglas H. Legum | Douglas H. Legum | None | NAP | ||||||||||||
Loan | 42 | Eden Way Storage | 0.7% | 05/27/2014 | 05/27/2014 | Refinance | Peter M. Segaloff | Peter M. Segaloff | None | NAP | ||||||||||||
Loan | 43 | Southgate Shopping Center | 0.7% | 07/03/2014 | 07/03/2014 | Refinance | Francis Greenburger | Francis Greenburger | None | NAP | ||||||||||||
Loan | 44 | Aurora City Square (29) | 0.6% | 07/21/2014 | 05/21/2014 | Acquisition | Adam D. Firsel; Chad M. Firsel | Adam D. Firsel; Chad M. Firsel | None | NAP | ||||||||||||
Loan | 45 | Lilburn Corners | 0.6% | 06/09/2014 | 05/23/2014 | Acquisition | Michael G. Bisciotti | Michael G. Bisciotti | None | NAP | ||||||||||||
Loan | 46 | West Clinic Portfolio | 0.6% | Acquisition | Vill-Shepherd Equities Corp. | Vill-Shepherd Equities Corp. | None | NAP | ||||||||||||||
Property | 46.01 | West Clinic - Memphis | 0.3% | 03/20/2014 | 03/21/2014 | |||||||||||||||||
Property | 46.02 | West Clinic - Southaven | 0.2% | 03/20/2014 | 03/21/2014 | |||||||||||||||||
Property | 46.03 | West Clinic - Brighton | 0.1% | 03/20/2014 | 03/21/2014 | |||||||||||||||||
Loan | 47 | Southridge Plaza | 0.6% | 07/02/2014 | 07/02/2014 | Refinance | David J. Lasky and Scott Inbinder | David J. Lasky and Scott Inbinder | None | NAP | ||||||||||||
Loan | 48 | Stoney Creek Apartments | 0.5% | 06/26/2014 | 06/26/2014 | Acquisition | Michael J. Weisz, Chanita Weisz, Edward Friedman and Lily Friedman | Michael J. Weisz, Chanita Weisz, Edward Friedman and Lily Friedman | None | NAP | ||||||||||||
Loan | 49 | Ramada Minnesota and La Quinta Idaho | 0.5% | Refinance | Scott Hicks | Scott Hicks | None | NAP | ||||||||||||||
Property | 49.01 | Ramada Marshall | 0.3% | 06/25/2014 | 05/16/2014 | |||||||||||||||||
Property | 49.02 | La Quinta Inn & Suites Coeur D’Alene East | 0.2% | 06/25/2014 | 05/16/2014 | |||||||||||||||||
Loan | 50 | South Blanding Village (29) | 0.5% | 06/05/2014 | 06/05/2014 | Refinance | Peter Kalkus | Peter Kalkus | None | NAP | ||||||||||||
Loan | 51 | North Hills Shopping Center (29) | 0.5% | 06/23/2014 | 06/23/2014 | Refinance | Fritz Richard McPhail | Fritz Richard McPhail | None | NAP | ||||||||||||
Loan | 52 | MKL Houston Portfolio | 0.5% | Recapitalization | Daniel Lavin | Daniel N. Lavin | None | NAP | ||||||||||||||
Property | 52.01 | Rice Properties | 0.3% | 07/03/2014 | 07/02/2014 | |||||||||||||||||
Property | 52.02 | Richmond Properties | 0.2% | 07/11/2014 | 07/01/2014 | |||||||||||||||||
Property | 52.03 | Sonic | 0.1% | 07/03/2014 | 07/01/2014 | |||||||||||||||||
Loan | 53 | Shops at Cypress Creek | 0.5% | 03/05/2014 | 03/05/2014 | Refinance | Mischer Investments, L.P. | Mischer Investments, L.P. | None | NAP | ||||||||||||
Loan | 54 | Peachtree Square Shopping Center | 0.5% | 06/17/2014 | 06/17/2014 | Refinance | Mark G. Blumenthal | Mark G. Blumenthal | None | NAP | ||||||||||||
Loan | 55 | Holiday Inn Express Leland-Wilmington | 0.5% | 06/19/2014 | 06/17/2014 | Recapitalization | Oscar N. Harris; John M. Sandlin | Oscar N. Harris; John M. Sandlin | None | NAP | ||||||||||||
Loan | 56 | Hampton Inn & Suites Waxahachie | 0.4% | 07/10/2014 | 07/10/2014 | Refinance | Narinder K. Dhillon; Surendar J. Singh | Narinder K. Dhillon; Surendar J. Singh | None | NAP | ||||||||||||
Loan | 57 | The Terraces at Windy Hill | 0.4% | 05/27/2014 | 05/27/2014 | Acquisition | David R. Fried | David R. Fried | None | NAP | ||||||||||||
Loan | 58 | Suburban Extended Stay Portfolio (34) | 0.4% | Acquisition | Cumberland Terrace Associates, LLC | Cumberland Terrace Associates, LLC | None | Mezzanine | ||||||||||||||
Property | 58.01 | Suburban Extended Stay Charlotte | 0.2% | 07/30/2014 | 06/03/2014 | |||||||||||||||||
Property | 58.02 | Suburban Extended Stay Hermitage | 0.2% | 06/16/2014 | 06/03/2014 | |||||||||||||||||
Loan | 59 | Sarno Business Complex | 0.4% | 04/28/2014 | 04/28/2014 | Refinance | Jay M. Schippers | Jay M. Schippers | None | NAP | ||||||||||||
Loan | 60 | Tower Crossing | 0.4% | 05/30/2014 | 06/02/2014 | Refinance | Brent Doeksen; Curtis L. Rice | Brent Doeksen; Curtis L. Rice | None | NAP | ||||||||||||
Loan | 61 | Sprouts Farmers Market | 0.4% | 02/14/2014 | 02/14/2014 | Refinance | Frank B. Weiss; Antonio V. Madureira | Frank B. Weiss; Antonio V. Madureira | None | NAP | ||||||||||||
Loan | 62 | Pacific Gillespie IV | 0.4% | 06/02/2014 | 05/30/2014 | Refinance | Richard Dentt | Richard Dentt | None | NAP | ||||||||||||
Loan | 63 | Shoppes at Mallory | 0.3% | 06/17/2014 | 06/16/2014 | Refinance | Trevor B. Chadderton; Bruce W. Newman | Trevor B. Chadderton; Bruce W. Newman | None | NAP | ||||||||||||
Loan | 64 | Dividend II | 0.3% | 08/07/2014 | 08/12/2014 | Acquisition | John P. Tiernan | John P. Tiernan | None | NAP | ||||||||||||
Loan | 65 | Winn Dixie - Millbrook | 0.3% | 04/29/2014 | 04/29/2014 | Refinance | Frank S. Schilleci | Frank S. Schilleci | None | NAP | ||||||||||||
Loan | 66 | Comfort Suites Greensboro | 0.3% | 08/12/2013 | 08/08/2013 | Refinance | Jayant R. Patel | Jayant R. Patel | None | NAP | ||||||||||||
Loan | 67 | Hapeville Gateway | 0.3% | 05/29/2014 | 05/30/2014 | Refinance | Monica Patel; Jay R. Patel | Monica Patel; Jay R. Patel | None | NAP | ||||||||||||
Loan | 68 | Ramada - Canton | 0.3% | 06/11/2014 | 06/11/2014 | Refinance | Bhiku D. Patel; Chandu K. Patel; Raman B. Patel; Kiran C. Patel | Bhiku D. Patel; Chandu K. Patel; Raman B. Patel; Kiran C. Patel | None | NAP | ||||||||||||
Loan | 69 | Westbrook MHP | 0.2% | 03/04/2014 | 03/05/2014 | Refinance | Brandon Schwartz; Yanina Markova | Brandon Schwartz; Yanina Markova | None | NAP | ||||||||||||
Loan | 70 | The Cedars Apartments | 0.1% | 07/08/2014 | 07/08/2014 | Refinance | William Ian MacDonald | William Ian MacDonald | None | NAP |
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FOOTNOTES TO ANNEX A-1
Loan numbers listed below refer to the ID number identified on Annex A-1 for the related Mortgage Loan
(1) | UBSRES—UBS Real Estate Securities Inc. or one of its affiliates; JLC—Jefferies LoanCore LLC or one of its affiliates; GACC—German American Capital Corporation or one of its affiliates; CCRE—Cantor Commercial Real Estate Lending, L.P. or one of its affiliates; GECC—General Electric Capital Corporation or one of its affiliates; Pillar—Pillar Funding LLC. |
(2) | UBSRES—UBS Real Estate Securities Inc. or one of its affiliates; JLC—Jefferies LoanCore LLC or one of its affiliates; GACC—German American Capital Corporation or one of its affiliates; CCRE—Cantor Commercial Real Estate Lending, L.P. or one of its affiliates; GECC—General Electric Capital Corporation or one of its affiliates; Pillar—Pillar Funding LLC. |
(3) | Loan No. 1 – Loews Miami Beach Hotel – The Original Balance and Cut-off Date Balance of $120.0 million represent the Note A-1 of a $300.0 million whole loan evidenced by three pari passu notes. The pari passu companion loans are the Note A-2 in the original principal amount of $110.0 million and the Note A-3 in the original principal amount of $70.0 million, both of which will be held by GACC or an affiliate as of the closing date. |
Loan No. 2 – Canyon Ranch Portfolio – The Original Balance and Cut-off Date Balance of $75.0 million represent the controlling Note A-1 of the $150.0 million Canyon Ranch Portfolio Loan Combination evidenced by three pari passu notes. The pari passu companion loans are comprised of the non-controlling Note A-2 in the original principal balance amount of $45.0 million and the non-controlling Note A-3 in the original principal balance amount of $30.0 million, both of which will be held by GECC or an affiliate as of the closing. | |
Loan No. 7 – State Farm Portfolio – The Original Balance and Cut-off Date Balance of $55.5 million represent the non-controlling Note A-1 of a $383.5 million whole loan evidenced by four pari passu notes. The pari passu companion loans are comprised of the non-controlling Note A-2, with an original principal amount of $100.0 million, and the non-controlling Note A-4, with an original principal amount of $100.0 million, which were included in the COMM 2014-UBS3 mortgage trust and the MSBAM 2014-C16 mortgage trust, respectively. The controlling Note A-1, with an original principal amount of $55.5 million, is expected to be contributed to a future securitization. | |
Loan No. 15 – Harwood Center – The Harwood Center loan combination is evidenced by two pari passu notes in the aggregate original principal amount of $90.0 million. Note A-1, with an Original Balance and Cut-off Date Balance of $30.0 million, is a non-controlling note and will be included in the trust. The pari passu companion note is comprised of the controlling Note A-2 with an Original Balance and Cut-off Date Balance of $60.0 million, which is expected to be contributed to a future securitization. | |
(4) | With respect to any Mortgaged Property securing a multi-property Mortgage Loan, the amounts listed under the headings “Original Balance” and “Cut-off Date Balance” reflect the Allocated Loan Amount related to such Mortgaged Property. |
(5) | Loan No. 13 – Ridgmar Mall – The Ridgmar Mall Mortgage Loan was originated on October 8, 2013 and modified on April 1, 2014. Loan terms such as Original Balance, Monthly Debt Service Payment, Upfront Reserve/Escrow Amounts, and Other Reserves reflect the terms as modified. |
Loan No. 34 – 431 Waverley – The 431 Waverley Mortgage Loan was originated on April 2, 2014 and modified on August 20, 2014. Loan terms such as Original Balance, Monthly Debt Service Payment, Upfront Reserve/Escrow Amounts, and Other Reserves reflect the terms as modified. | |
(6) | Loan No. 1 – Loews Miami Beach Hotel – The Loews Miami Beach Hotel Mortgaged Property consists of two towers, one of which, the St. Moritz Tower, is designated as a historical landmark. Any new use would require approval from the City of Miami Beach. |
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Loan No. 19 – The Campus at Green Hill – Pursuant to the ground lease, The Campus at Green Hill Mortgaged Property may only be used as an office building with ancillary fitness center and restaurant facilities. | |
(7) | Loan No. 7 – State Farm Portfolio – The Mortgage Loan has an ARD feature with an anticipated repayment date of April 6, 2024, when the interest rate will increase from the initial rate of 4.6266% to (i) from April 11, 2024, the first day of the interest period immediately following the anticipated repayment date April 10, 2026, the greater of (A) the five-year treasury note rate in effect on the anticipated repayment date plus 3.50% and (B) 7.6266%; and (ii) from April 11, 2026 through April 10, 2029, the last day of the interest period relating to the final maturity date of April 6, 2029, the greater of (A) the five-year treasury note rate in effect on the second anniversary of the anticipated repayment date plus 4.50% and (B) 8.6266%. |
Loan No. 46 – West Clinic Portfolio – The West Clinic Portfolio Mortgage Loan has an ARD feature with an anticipated repayment date of June 6, 2024, with a revised interest rate for the period from the anticipated repayment date through the final maturity date of June 6, 2031 of the sum of 3.00% plus the greater of (i) 4.5100% and (ii) the then 10-year swap yield plus 1.8900%. | |
(8) | 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 the Loews Miami Beach Hotel Mortgage Loan will be 0.0050%. |
(9) | Loan No. 4 – Summit Rancho Bernardo – The Summit Rancho Bernardo Mortgage Loan, following the initial 60-month interest only period, amortizes on a planned amortization schedule provided in this free writing prospectus. As such, the current balance, maturity balance, monthly debt service, Underwritten NOI DSCR and Underwritten NCF DSCR all reflect this fixed amortization schedule. The amount of monthly debt service shown in Annex A-1 was calculated using the average of principal and interest payments over the first 12 months after the initial interest only period. Underwritten NOI DSCR and Underwritten NCF DSCR were calculated using the average monthly debt service previously stated. |
Loan No. 8 – Quakerbridge – The Quakerbridge Mortgage Loan amortizes on a 30-year amortization schedule for the first 84 scheduled payments after the cut-off date, and thereafter pays interest-only for 36 months. | |
Loan No. 9 – Overland Park Marriott – The Overland Park Marriott Mortgage Loan, following the initial 12-month interest only period, amortizes on a planned amortization schedule provided in this free writing prospectus. As such, the current balance, maturity balance, monthly debt service, Underwritten NOI DSCR and Underwritten NCF DSCR all reflect this fixed amortization schedule. The amount of monthly debt service shown in Annex A-1 was calculated using the average of principal and interest payments over the first 12 months after the expiration of the interest only period. Underwritten NOI DSCR and Underwritten NCF DSCR were calculated using the average monthly debt service previously stated. | |
Loan No. 13 – Ridgmar Mall – The Ridgmar Mall Mortgage Loan, following the initial 12-month interest only period, amortizes on a planned amortization schedule provided in this free writing prospectus. As such, the current balance, maturity balance, monthly debt service, Underwritten NOI DSCR and Underwritten NCF DSCR all reflect this fixed amortization schedule. The amount of monthly debt service shown in Annex A-1 was calculated using the average of principal and interest payments over the first 12 months after the expiration of the interest only period. Underwritten NOI DSCR and Underwritten NCF DSCR were calculated using the average monthly debt service previously stated. | |
Loan No. 20 – 315 South Beverly Drive – The 315 South Beverly Drive Mortgage Loan, following the initial 60-month interest only period, amortizes on a planned amortization schedule provided in this free writing prospectus. As such, the current balance, maturity balance, monthly debt service, Underwritten NOI DSCR and Underwritten NCF DSCR all reflect this fixed amortization schedule. The amount of monthly debt service shown in Annex A-1 was calculated using the average of principal and interest payments over the |
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first 12 months after the expiration of the interest only period. Underwritten NOI DSCR and Underwritten NCF DSCR were calculated using the average monthly debt service previously stated. |
(10) | Annual Debt Service, Monthly Debt Service, Underwritten NOI DSCR and Underwritten NCF DSCR for Mortgage Loans (i) with partial interest only periods are shown based on the monthly debt service payment immediately following the expiration of the interest only period and (ii) that are interest only until the related maturity date are shown based on the interest only payments during the 12-month period following the Cut-off Date (or, in the case of Monthly Debt Service, the average of such interest only payments). |
(11) | “Hard” generally means 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. |
(12) | “In Place” means that related property cash flows go through a waterfall of required reserve or other payment amounts due before the lender either (i) disburses excess cash to the related borrower or (ii) retains excess cash as additional collateral for the Mortgage Loan. “Springing” means that upon the occurrence of a trigger event, as defined in the related Mortgage Loan Documents, In Place cash management (as described above) will take effect, and will generally continue until all trigger events are cured (to the extent a cure is permitted under the related Mortgage Loan Documents). |
(13) | Loan No. 1 – Loews Miami Beach Hotel – The Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area are calculated based on the mortgage loan included in the issuing entity and the related pari passu companion loans in the aggregate. |
Loan No. 2 – Canyon Ranch Portfolio - The Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area are calculated based on the mortgage loan included in the issuing entity and the related pari passu companion loans in the aggregate. | |
Loan No. 7 – State Farm Portfolio – The Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area are calculated based on the Mortgage Loan included in the issuing entity and the related pari passu companion loans in the aggregate. | |
Loan No. 15 – Harwood Center - The Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area are calculated based on the Mortgage Loan included in the issuing entity and the related pari passu companion loans in the aggregate. | |
(14) | Loan No. 17 – 412 West 14th Street – Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD and Appraised Value are based on the “Hypothetical As Is” value as of June 25, 2014. The “Hypothetical As Is” value assumes the current tenant at the mortgaged property, Box Studios, will vacate on or before January 1, 2015 per the tenant buy-out agreement and no tenant buy-out costs remain. |
Loan No. 21 – Commons at Madera Fair – Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD and Appraised Value are based on the “Hypothetical As Is” value as of June 24, 2014. At the time of the appraisal, the Commons at Madera Fair Mortgaged Property was under construction to expand the building which houses the 3rd Largest Tenant, Grocery Outlet, Inc. |
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Loan No. 50 – South Blanding Village – Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD and Appraised Value are based on the “As Stabilized” value as of May 29, 2015. The “As Stabilized” value assumes Fortis College’s lease commences and the tenant improvement and leasing commission costs have been paid. | |
(15) | Loan No. 16 – Seacourt Pavilion – The Cut-Off Date LTV Ratio, Underwritten NOI Debt Yield, and Underwritten NCF Debt Yield are calculated net of the achievement reserve of $800,000. |
Loan No. 19 – The Campus at Greenhill – The Cut-Off Date LTV Ratio, Underwritten NOI Debt Yield, and Underwritten NCF Debt Yield are calculated net of the achievement reserve of $2,000,000. | |
Loan No. 22 – SRC Multifamily Portfolio Pool 1 – The Cut-Off Date LTV Ratio and LTV Ratio at Maturity, are calculated using the Cut-off Date Balance net of the Holdback Capital Expenditures Reserve of $3,123,418. | |
Loan No. 29 – Port O’Call Apartments – The Cut-Off Date LTV Ratio and LTV Ratio at Maturity, are calculated using the Cut-off Date Balance net of the Holdback Reserve of $700,000 as well as upfront replacement and immediate repair reserve deposits totaling $2,300,000. | |
Loan No. 41 – White Marsh Business Center – The Cut-Off Date LTV Ratio, Underwritten NOI Debt Yield and Underwritten NCF Debt Yield are calculated net of the achievement reserve of $850,000. | |
Loan No. 50 – South Blanding Village - The Cut-Off Date LTV Ratio, Underwritten NOI Debt Yield, and Underwritten NCF Debt Yield are calculated net of the holdback reserve of $650,000. | |
(16) | Loan No. 24 – Springhill Suites Atlanta Airport Gateway – The fee owner, College Park Business and Industrial Development Authority (“BIDA” or “Developer Guarantor”), pledged its interest in the mortgaged property to lender. AVR Gateway S LLC has been granted the right to develop, lease and operate the mortgaged property pursuant to a Parcel Design, Development and Operating Agreement (the “PDDO Agreement”) that expires in 2057 with no extension options. The Developer Guarantor pledged its interest in the PDDO Agreement to lender. No payments are due in connection with the PDDO Agreement, however the borrower is required to make payment in lieu of payment of taxes payments equal to a flat annual amount of $175,000 and additional financing fees pursuant to an amendment to the PDDO Agreement. Developer Guarantor has the option to purchase fee title to the mortgaged property in 2038 at a price equal to 10% of the land value. |
(17) | Prepayment Provisions 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. | |
“YM2(x)” means may be prepaid for x payments with payment of the greater of a yield maintenance charge and 2% of the amount prepaid. | |
“YM3(x)” means may be prepaid for x payments with payment of the greater of a yield maintenance charge and 3% of the amount prepaid. | |
“O(x)” means freely prepayable for x payments, including the maturity date or anticipated repayment date. | |
Certain of the Mortgage Loans permit the release of a portion of a Mortgaged Property (or an individual Mortgaged Property, in connection with a portfolio mortgage loan) under various circumstances, as described in this prospectus supplement. See “Description of the Mortgage Pool—Certain Terms and Conditions of the Mortgage Loans—Property Releases” in this prospectus supplement. |
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Loan No. 1 – Loews Miami Beach Hotel – The lockout period will be at least 24 payment dates beginning with and including the first payment date of October 6, 2014. Prepayment of the full $300.0 million Loews Miami Beach Hotel Loan Combination is permitted after the earlier to occur of (i) two years after the closing date of the securitization that includes the last pari passu note to be securitized and (ii) August 12, 2017. For the purposes of this free writing prospectus, the assumed lockout period is at least 24 months based on the expected COMM 2014-UBS5 securitization closing date in September 2014. The actual lockout period may be longer. | |
Loan No. 2 – Canyon Ranch Portfolio - The lockout period will be at least 24 payments beginning with and including the first payment date of October 1, 2014. Defeasance of the full $150.0 million Canyon Ranch Portfolio Loan Combination is permitted after the earlier to occur of (i) two years after the closing date of the securitization that includes the last pari passu companion loan to be securitized and (ii) October 1, 2018. | |
Loan No. 5 – MarqE Entertainment Center – On any business day after the lockout expiration date the borrower may release pre-identified non-income producing release parcels without a prepayment penalty provided certain conditions in the MarqE Entertainment Center Mortgage Loan documents are met, including among other things (i) no Event of Default is continuing, (ii) the applicable release parcel is a legally subdivided parcel from the MarqE Entertainment Center Mortgaged Property and is on a separate tax lot from the MarqE Entertainment Center Mortgaged Property and (iii) borrower deposits with lender an amount equal to the product of (x) $50.00, multiplied by (y) the number of square feet comprising the applicable release parcel, which amounts lender shall cause to be transferred to, at lender’s election, the capital reserve subaccount and/or the rollover reserve subaccount. | |
Loan No. 7 – State Farm Portfolio – The borrower may obtain the release of any individual Mortgaged Property by defeasing a portion of the Mortgage Loan. The releases are capped at 25% of the original principal amount of the Mortgage Loan. The borrower will be required to defease an amount equal to 110.0% of the original allocated loan amount for the individual Mortgaged Property that the borrower chooses to release, except for the Greeley North State Farm Office property, which may be released by defeasing 100.0% of the related original allocated loan amount. In connection with the release of the Greeley North State Farm Office property, the borrower has the right at any time on or after the Greeley North State Farm lease termination date to voluntarily obtain a release by making a partial prepayment of the Mortgage Loan, without yield maintenance or defeasance, in an amount equal to 100.0% of the original allocated loan amount for such individual Mortgaged Property. The State Farm Portfolio property releases are subject to restrictions and maintenance of certain DSCR, debt yield, and LTV metrics. | |
Loan No. 15 – Harwood Center – The lockout period will be at least 25 payment dates beginning with and including the first payment date of August 6, 2014. Prepayment of the Harwood Center Loan Combination is permitted on or after the date that is the earlier to occur of (i) two years after the closing date of the securitization that includes the last pari passu note to be securitized, and (ii) August 6, 2018. For the purposes of this free writing prospectus, the assumed lockout period of 25 months is based on the expected COMM 2014-UBS5 securitization closing date in September 2014. The actual lockout period may be longer. | |
Loan No. 16 – Seacourt Pavilion – The borrower may obtain the release of a certain unimproved (except for surface parking areas), non-income producing portion of the Seacourt Pavilion Mortgaged Property upon satisfaction of certain conditions set forth in the loan documents, including that after the release, (a) the LTV is no greater than 75%, and if the LTV is greater than 75%, the borrower must prepay a portion of the Mortgage Loan in an amount which is sufficient to cause the then LTV to be equal to or less than 75%, (b) the DSCR is no less than 1.35x, and if the DSCR is less than 1.35x, the borrower must prepay a portion of the Mortgage Loan in an amount which is sufficient to cause the then DSCR to be equal to or greater than 1.35x and (c) the DY is no less than 8.75%, and if the DY is less than 8.75%, the borrower must prepay a portion of the Seacourt Pavilion Mortgage Loan in an amount which is sufficient to cause the then DY to be equal to or greater than 8.75%. |
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Loan No. 22 - SRC Multifamily Portfolio Pool 1 – On any business day after the expiration of the lockout period, the borrower may obtain the release of any property upon a bona fide third party sale (or pursuant to a right of first refusal to one of the joint venture partners on the same economic terms as offered by a third party) of such property, so long as the following conditions, among others, have been met: (i) the borrower shall defease an amount of principal equal to the greater of (a) 100.0% of the net sales proceeds with respect to such property and (b) 125.0% of the allocated loan amount, (ii) the combined DSCR for the remaining properties is no less than the greater of (a) the DSCR preceding such sale and (b) 1.26x and (iii) the combined LTV of the remaining properties is no more than the lesser of (a) the LTV preceding such sale and (b) 75.0%. | |
Loan No. 32 – Legacy Pavilion Parking Deck – The borrower may obtain the release of the non-income producing release parcel in connection with a sale or transfer of the release parcel to a third party, provided certain conditions in the Legacy Pavilion Parking Deck Mortgage Loan documents are met, including among other things (i) LTV is less than 71.0%, (ii) DY is greater than 9.5% and (iii) payment of the release price and applicable yield maintenance premium. | |
Loan No. 44 – Aurora City Square – Upon 30 days after the securitization, the borrower at any time may obtain the release of the release property provided that, among other things, (i) the applicable yield maintenance premium is paid, (ii) the loan is partially pre-paid in an aggregate amount equal to the greater of (a) 125.0% of the appraised value and (b) 100% of net sales proceeds and (iii) after giving effect to such release (a) DSCR is greater than 1.41x and (b) LTV is less than 74.0%. | |
Loan No. 58 – Suburban Extended Stay Portfolio - After the lockout period, the borrower may obtain the release of an individual property in connection with a sale in an amount equal to 115% of the Allocated Loan Amount provided, among other things, (i) DSCR will not be less than the greatest of (a) 1.80x, (b) DSCR as of closing date and (c) DSCR prior to release and (ii) LTV will not exceed (a) 65% and (b) LTV prior to release. | |
Loan No. 59 – Sarno Business Complex – The borrower may obtain the release of the non-income producing release parcel without a prepayment penalty provided certain conditions in the Sarno Business Complex Mortgage Loan documents are met. | |
(18) | Loan No. 3 – 30 Dunnigan – The collateral for the 30 Dunnigan Mortgage Loan consists of both the fee and leasehold interests in the 30 Dunnigan Property. The fee owner is obligated to lender under the mortgage. |
(19) | The following Mortgaged Properties consist, in whole or in part, of the respective borrower’s interest in one or more ground leases, space leases, air rights leases or other similar leasehold interests: |
Loan No. 15 – Harwood Center – The Harwood Center Mortgaged Property comprises four parcels at the northwest quadrant of Bryan Street and Harwood Street. One 11,461 sq. ft. (.263 acres) parcel is owned by the Sponsor while the remaining three parcels totaling 38,006 sq. ft. (.872 acres) are ground leased from third party lessors for a 99-year period through May 2077, September 2077, and October 2077. The total ground lease payments remain flat at $227,129 annually until 2018, at which time the rental payments reset for the next ten year period. The rental payments reset in June 2018 (for 20,310 sq. ft.) and November 2018 (for 17,696 sq. ft.) to 8% of the appraised value of the site. A Ground Lease monthly escrow equal to 1/12 of the annual payment is required monthly to ensure adequate funds are available to pay the ground rent. | |
Loan No. 19 – Campus at Greenhill – The Campus at Greenhill Mortgaged Property is encumbered by a ground lease with a 98-year term maturing on August 19, 2112. The initial rent will be $1,254,000 per year, increasing at 3% annually. The borrower will have the option to buy back the ground in year 20 and 40 for the then current ground rent capped at 5.5%. | |
Loan No. 20 – 315 South Beverly Drive – The 315 South Beverly Drive Mortgaged Property is subject to a ground lease with an expiration date of September 29, 2026, with one, 30-year extension option. The annual ground rent consists of fixed payments of $166,200, payable in monthly installments. | |
Loan No. 21 – Commons at Madera Fair – The Commons at Madera Fair Mortgaged Property is subject to a ground lease with an expiration of November 15, 2090 and no extension options. The annual ground rent under the lease is currently $835,000. | |
Loan No. 24 – Springhill Suites Atlanta Airport Gateway – The collateral for the Springhill Suites Atlanta Airport Gateway Mortgage Loan is part of a “Public-Private Partnership” with the City of College Park, acting |
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through BIDA, which owns the fee simple interest in the Springhill Suites Atlanta Airport Gateway property. The Springhill Suites Atlanta Airport Gateway property is owned in fee simple by BIDA and is subject to (i) a PDDO Agreement between BIDA and AVR Gateway S LLC (“Developer Guarantor”) and (ii) the PILOT Agreement between BIDA and Developer Guarantor. The term of the PDDO commenced in 2008 and will expire in 2057. Pursuant to the PDDO, the Developer Guarantor has the exclusive right to develop and operate the Springhill Suites Atlanta Airport Gateway property and has an option to purchase the fee simple interest in the Springhill Suites Atlanta Airport Gateway property after 2038 at 10% of the then current value of the land (not including the value of the improvements). In lieu of ad valorem taxes, pursuant to the PILOT Agreement, the Developer Guarantor pays BIDA the PILOT payments set forth in the PILOT Agreement and in addition, the Developer Guarantor pays certain fees to BIDA pursuant to the PDDO Agreement, including, without limitation, an annual fee of $175,000. The Springhill Suites Atlanta Airport Gateway property is managed by Marriott pursuant to a management agreement between the Sponsor and Marriott. The Loan is structured with BIDA being the Borrower (with limited obligations relating to the Springhill Suites Atlanta Airport Gateway property), and as collateral for the Loan, BIDA has agreed to grant to lender a first priority lien in its fee simple interest in the Springhill Suites Atlanta Airport Gateway property. The Developer Guarantor has guaranteed BIDA’s payment and performance under the loan documents, and, as collateral for its guaranty, the Developer Guarantor will grant to lender a first priority lien in all of its interests in the Springhill Suites Atlanta Airport Gateway property and assign to lender all of its interests in the PDDO, the PILOT Agreement and the related bonds. |
Loan No. 37 – Town Point Center – The Town Point Center Mortgaged Property is subject to a ground lease with an expiration of June 30, 2084 and no extension options. The annual ground rent under the lease is the greater of $101,369 or 4.0% of the gross rental income derived from the Town Point Center Mortgaged Property. | |
Loan No. 62 – Pacific Gillespie IV – The Pacific Gillespie IV Mortgaged Property is subject to three ground leases that were executed in October 2000, and are due to expire on September 30, 2055, each of which have two, five-year renewal options. The ground rent is adjusted every five years by CPI. Every 15 years, the ground rent shall be adjusted to the higher of the CPI calculated amount or the monthly fair market rental value based upon a reappraisal. | |
(20) | 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 landlord or upon the occurrence of certain contingencies including, without limitation, if landlord violates the lease or fails to provide utilities or certain essential services for a specified period or allows certain restricted uses, upon interference with tenant’s use of access or parking, upon casualty or condemnation, for zoning violations, if certain anchor or key tenants (including at an adjacent property) or a certain number of tenants go dark or cease operations, if a certain percentage of the net rentable area at the property is not occupied, if the tenant fails to meet sales targets or business objectives, or, in the case of a government tenant, for lack of appropriations or other reasons. In addition, in some instances, a tenant may have the right to assign its lease and be released from its obligations under the subject lease. Furthermore, some tenants may have the option to downsize their rented space without terminating the lease completely. In addition to the foregoing, the following are early non-contingent termination options for those tenants listed in Annex A-1: |
Loan No. 4 – Summit Rancho Bernardo – The Single Tenant, Nokia, Inc., has the right to terminate its lease in August 2017 upon 6 months prior notice with respect to its entire space or any entire floor, or contiguous floors, subject to a termination fee equal to unamortized rent abatements, tenant improvements or leasing costs, estimated to be approximately $13.3 million ($68 PSF). | |
Loan No. 6 – 6100 Wilshire – The Largest Tenant, CBS Broadcasting Inc. has the right to terminate its lease for either all of suite 900 or 1,000 effective October 31, 2017, by providing notice by October 31, 2016. Landlord shall specify which suite the Tenant shall vacate, and the Tenant shall pay a termination fee equal to the unamortized portion of leasing costs with respect to the termination portion, plus $177,009.04. The 3rd Largest Tenant, Huge, LLC, has the right to terminate its lease as of the end of the 48th month of the lease term with a 365-day notice and payment of a termination fee equal to the unamortized portion of leasing costs plus $86,685.60. The 5th Largest Tenant, Fulfillment Fund, has the right to terminate its lease effective September 1, 2020 with notice by September 1, 2019 and payment of a termination fee equal to the unamortized portion of leasing costs plus $123,765. | |
Loan No. 8 – Quakerbridge – The Largest Tenant, State of New Jersey has the right to vacate up to an aggregate amount of 15.0% of its currently leased space (up to 58,099 sq. ft.) through its first surrender |
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option at any time prior to December 31, 2015. As of January 1, 2016 and through the remaining term of the lease, the tenant has the right to vacate up to an aggregate amount of 20.0% of its currently leased space (up to a maximum of 77,465 sq. ft.), including any space surrendered under the first surrender option. The tenant must give fifteen (15) months advanced written notice. The surrender option is only applicable to the tenant’s space in Buildings 2, 3, 4, 5, 10 and 11, and not for the space in Buildings 6, 7, 9 and 12 or any other buildings which the tenant may lease during the term. Any surrendered space must be the entirety of a building or in full floor increments. If in full floor increments, the floors must be contiguous and either at the top or bottom floor(s) of the tenant’s leased space of a particular building. The State of New Jersey has given the required notice to vacate approximately 5.1% of its space effective July 31, 2014 (18,862 sq. ft.). |
Loan No. 10 – Town Park Ravine I, II, III – The 2nd Largest Tenant at the Town Park Ravine I Property, Hapag-Lloyd (America) Inc. has the right to terminate its lease on November 30, 2016 with 12 months prior notice and payment of $293,790 termination fee; also, tenant has right to contract space by up to 20% (5,571 sq. ft.) on November 30, 2015 with 12 months’ prior notice and payment of fee equal to unamortized TILC, 2 months rent on remaining space and applicable multi-tenant conversion costs. | |
Loan No. 11 – 412 West 14th Street – The Single Tenant, Toyota Motor Sales, U.S.A., Inc., has the right to terminate its lease on July 15, 2015 upon 10 days prior written notice but no later than August 15, 2015, if the lease commencement date does not occur by July 15, 2015. If the commencement date does not occur by July 15, 2016, either the borrower or Toyota Motor Sales, U.S.A., Inc. may terminate the lease, subject to the same terms as above. | |
Loan No. 12 – Ellinwood Office Complex – The Single Tenant, County of Contra Costa has the option to contract in September 2018, September 2028 and September 2038 with 18 months written notice. With respect to the 2018 contraction option only, County of Contra Costa will be required to pay unamortized tenant improvements and be required to pay for any costs associated with making the returned space marketable for a third party tenant. The County of Contra Costa may surrender up to three entire and contiguous floors in any single building in one floor increments. The loan is structured with a partial cash sweep such that the total amount collected over the 18-month period will be equal to $57 PSF multiplied by the amount of space surrendered. The required amount to be collected each month for a period of 18 months will be calculated such that at the end of the 18 month period, the Lease Sweep Reserve account has aggregated a sum, when added together with any lease sweep termination payments, equal to $57 multiplied by the total square footage surrendered. | |
Loan No. 15 – Harwood Center - The 4th Largest Tenant, GSA – Government Accountability Office has the right to terminate its lease on or after March 6, 2015 upon 180 days of notice. | |
Loan No. 19 – The Campus at Greenhill – The Largest Tenant, Anthem Health Plans has an option to contract space in 2017 and 2019. The 2nd Largest Tenant, Burn & McDonnell Engineering Co. has a termination option with notice to be provided no less than nine months but no more than 18 months prior to November, 2017 (the date the termination shall be effective), subject to a termination fee of $514,116.34. | |
Loan No. 21 – Commons at Madera Fair – The 3rd Largest Tenant, Grocery Outlet Inc., has executed a lease for a pad site at the Mortgaged Property on May 15, 2014. The expected delivery date is expected to be December 2014, with rent to commence upon the earlier of 150 days thereafter or the date the tenant opens for business. At closing, the borrower deposited $2,035,000 into a reserve account for anticipated construction costs and $288,160 into a reserve account for the expected June 2015 rent commencement date. Grocery Outlet Inc. has the right to terminate the lease if the tenant is not given possession of the shell by August 1, 2015. The Commons at Madera Fair Mortgaged Loan is structured with a completion guarantee that holds the guarantor liable for all costs and expenses associated with the construction of the pad. | |
Loan No. 36 – Honey Creek III – The Largest Tenant, Joy Global, has the option to terminate its lease on December 31, 2015 or December 31, 2017 with payment of a termination fee equal to all unamortized leasing commissions and tenant improvement allowance (calculated at 8% amortized over the term of the lease), provided either such termination notice must be given no later than 12 months prior to such termination date. | |
Loan No. 37 – Town Point Center – The Largest Tenant, McPhillips, Roberts, & Deans PLC, has a one-time right to terminate its lease effective July 31, 2017 upon 9 months’ prior notice, subject to a termination fee of |
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(i) three months’ rent at the current monthly base rent, (ii) the second improvement allowance of up to $316,840 and (iii) unamortized tenant improvement and leasing commissions. |
Loan No. 44 – Aurora City Square – The 2nd Largest Tenant, Denver School of Massage, has a one-time right to terminate its lease effective July 31, 2021 upon 12 months prior written notice and the payment of a termination fee equal to $26,376. | |
Loan No. 51 – North Hills Shopping Center – The 2nd Largest Tenant, The Velvet Room, has a one-time right to terminate the lease on its expansion space (approximately 6,876 sq. ft.; 3.3% of NRA) on or prior to February 28, 2015, with 30 days’ written notice. The Velvet Room also has the right to terminate the lease on the original space any time after month 36 upon 120 days’ written notice. The 3rd Largest Tenant, Oscar M. Pelayo , has a one-time right to terminate its lease at the end of the 36th month (10/31/2016), with 120 days’ notice. | |
Loan No. 57 – The Terraces at Windy Hill – The 3rd Largest Tenant, US Post Office, has the option to terminate its lease at any time with 180 days prior written notice. | |
(21) | The following tenants that occupy 5% or greater of the net rentable area at the Mortgaged Property are borrower affiliates: |
Loan No. 27 – Queens Crossing Office Condos – The 2nd Largest Tenant, Long Island Business Institute, occupying approximately 46.2% of the net rentable area at the mortgaged property as a for-profit occupational degree granting program, is 80% owned by the sponsor. | |
(22) | The following major tenants (listed on Annex A-1) are currently subleasing all or a significant portion of its leased space: |
Loan No. 10 – Town Park Ravine I, II, III – The Largest Tenant at the Town Park Ravine I Property, Overby-Seawell, is currently subleasing 2,762 sq. ft. to Imbeca USA, Inc. through July 31, 2016. | |
Loan No. 39 – Best Buy Newport News – The 2nd Largest Tenant, Best Buy is currently subleasing 24,932 sq. ft. to Babies “R” Us with a lease expiration date of January 2017 and 55,800 sq. ft. to Value City Furniture with a lease expiration date of November 2016. | |
Loan No. 46 – West Clinic Portfolio – The Single Tenant at each of the portfolio properties, West Union Partners, LLC (in the case of the properties located in Tennessee) and West DeSoto Partners, LLC (in the case of the property located in Mississippi), is currently subletting 100.0% of the net rentable sq. ft. to Methodist Le Bonheur Healthcare through the end of the West Union Partners, LLC or West DeSoto Partners, LLC, as applicable, lease term in February 2031. | |
(23) | The following major tenants shown on Annex A-1 have abated or free rent: |
Loan No. 6 – 6100 Wilshire – Seven tenants, including the 3rd Largest Tenant, Huge, LLC, the 4th Largest Tenant, Worldlink, LLC and the 5th Largest Tenant, Fulfillment Fund, at the 6100 Wilshire Property, are entitled to free rent in the aggregate value of $397,138. | |
Loan No. 8 – Quakerbridge – The 2nd Largest Tenant at the Quakerbridge Property, Inclusive Montessori, LLC, has a rent credit in the amount of $800 per month from April 1, 2014 to March 31, 2015. At closing, the borrower, reserved $7,200 related to the free rent. | |
Loan No. 10 – Town Park Ravine I, II, III – The Largest Tenant at the Town Park Ravine II Property, Paychex, has abated rent through February 2015. At closing, the borrower reserved $271,189.67 related to the abated rent. | |
Loan No. 15 – Harwood Center – The Largest Tenant, Omnicom Group Inc., will not pay rent for the month of January in each year from 2015 through 2019. The 2nd Largest Tenant, Jacobs Engineering Group, will not pay rent for the months of July and January in each of 2019 and 2021. The 5th Largest Tenant, Cantey & Hanger, will not pay rent from November 1, 2020 through February 28, 2021. At closing, the borrower deposited $1,249,517 into a free rent reserve account. | |
Loan No. 16 – Seacourt Pavilion – The 4th Largest Tenant, Ashley Furniture, will receive (i) a credit of 75% of the base rent due during the first year of the term of the lease and (ii) a credit of 50% of the base rent due |
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during the second year of the term of the lease. At closing, the borrower deposited $289,666 into an unfunded obligations funds reserve account related to free rent. |
Loan No. 37 – Town Point Center – The 3rd Largest Tenant, Goodman, Allen, & Filetti, P.L.L.C., executed a lease in October 2013 for 9,686 sq. ft. with a lease commencement date of December 1, 2014. The tenant has free rent from December 1, 2014 until May 31, 2015. At closing, the borrower deposited $248,168 into a free rent reserve account. | |
Loan No. 44 – Aurora City Square – The 2nd Largest Tenant, Denver School of Massage, has free rent with respect to 18,884 sq. ft. through February 28, 2015. At closing, the borrower deposited $56,000 into a free rent reserve. | |
(24) | The 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. 11 – 412 West 14th Street – The Single Tenant, Toyota Motor Sales, U.S.A., Inc., has signed a lease for 16,603 sq. ft. that is anticipated to commence in January 2015, with rent commencing four months after the lease commencement date. The borrower deposited $3,036,377 into a rent abatement reserve at closing in connection with the free rent period. | |
Loan No. 21 – Commons at Madera Fair – The 3rd Largest Tenant, Grocery Outlet Inc., has executed a lease for a pad site at the Mortgaged Property on May 15, 2014. The expected delivery date is expected to be December 2014, with rent to commence upon the earlier of 150 days thereafter or the date the tenant opens for business. At closing, the borrower deposited $2,035,000 into a reserve account for anticipated construction costs and $288,160 into a reserve account for the expected June 2015 rent commencement date. Grocery Outlet Inc. has the right to terminate the lease if the tenant is not given possession of the shell by August 1, 2015. The Mortgaged Loan is structured with a completion guarantee that holds the guarantor liable for all costs and expenses associated with the construction of the pad. | |
Loan No. 37 – Town Point Center – The 3rd Largest Tenant, Goodman, Allen, & Filetti, P.L.L.C., executed a lease in October 2013 for 9,686 sq. ft. with a lease commencement date of December 1, 2014. | |
Loan No. 41 – White Marsh Business Center – The 5th Largest Tenant, Epic Pharmacies Inc., has signed a lease for 4,710 sq. ft. and is expected to open for business in September 2014. | |
Loan No. 50 – South Blanding Village – The 2nd Largest Tenant, Fortis College, has signed a lease for 24,750 sq. ft. and is expected to open for business in November 2014. | |
(25) | All upfront reserve balances reflect the upfront reserve amount at loan origination. The current balance may be less than the amount shown. |
Loan No. 16 – Seacourt Pavilion – The Seacourt Pavilion Mortgage Loan was structured with an $800,000 achievement reserve. Funds from the achievement reserve shall be disbursed at such time in the future that debt yield is equal to or greater than 8.75% on the fully funded loan amount. | |
Loan No. 19 – The Campus at Greenhill – The Campus at Greenhill Mortgage Loan was structured with a $2,000,000 achievement reserve. Funds from the achievement reserve shall be disbursed subject to (i) no event of default or cash sweep trigger event has occurred and is continuing, (ii) The Campus at Greenhill Property achieves a DSCR of at least 1.45x, as determined by lender and (iii) The Campus at Greenhill Property achieves a debt yield of at least 9.5%, as determined by lender. | |
Loan No. 22 – SRC Multifamily Portfolio Pool 1 – The SRC Multifamily Portfolio Pool 1 Mortgage Loan was structured with a $3,123,418 holdback capital expenditures reserve. Funds from the holdback capital expenditure reserve will be disbursed in conjunction with planned capital expenditures, subject to a debt yield of 9.0%. Release conditions must be met prior to two years from loan closing, otherwise such balance will be held as cash collateral for the Mortgage Loan. | |
Loan No. 29 – Port O’Call Apartments – The Port O’Call Apartments Mortgage Loan was structured with a $700,000 holdback reserve. Funds from the holdback reserve will be disbursed in conjunction with planned capital expenditures, subject to a debt yield of 8.75%. Release conditions must be met prior to four years from loan closing, otherwise such balance will be held as cash collateral for the Mortgage Loan. |
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Loan No. 38 – Asurion Building – The Asurion Building Mortgage Loan was structured with a $126,991 prepaid rent reserve, representing Asurion, LLC’s August free rent payment. | |
Loan No. 41 – White Marsh Business Center – The White Marsh Business Center Mortgage Loan was structured with an $850,000 Achievement Reserve. Funds on deposit in the Achievement Reserve shall be disbursed to Borrower subject to certain terms and conditions set forth in the loan documents, including, without limitation, (i) no event of default or Cash Sweep Event has occurred and is continuing, (ii) the White Marsh Business Center property has maintained a DSCR of at least 1.40x, as determined by Lender for two calendar quarters, (iii) the property has maintained a Debt Yield of at least 10.4%, as determined by Lender for two calendar quarters, and (iv) all new leases at the White Marsh Business Center Property shall be at market rents and shall otherwise be on terms acceptable to Lender. | |
Loan No. 50 – South Blanding Village – The South Blanding Village Mortgage Loan was structured with a $650,000 Earnout Reserve. The Earn-out Reserve will be released to Borrower upon the South Blanding Village Property achieving a Debt Yield of not less than 10.0% subject to, (i) with respect to new leases executed after the closing, (a) the completion of all required tenant improvements, satisfaction of all other applicable concessions and payment of all applicable costs, expenses and leasing commissions relating to such leases and (b) the applicable tenants are in occupancy and paying full, unabated contract rent (including reimbursements) as evidenced by tenant estoppel certificates reasonably acceptable to Lender, (ii) a Cash Sweep Event has not occurred and is not continuing and (iii) a Major Tenant Trigger Event has not occurred and is not continuing. | |
Loan No. 63 – Shoppes at Mallory – The Shoppes at Mallory Mortgage Loan was structured with a $26,809 Warrior Fitness reserve. Funds on deposit in the Warrior Fitness reserve will be disbursed to the borrower after delivery of the approved Warrior Fitness estoppel. | |
(26) | 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. 21 – Commons at Madera Fair – A “cash trap” into the TI/LC reserve account will commence upon a Major Tenant Trigger Event, as defined in the loan documents. | |
Loan No. 37 – Town Point Center – The DS reserve monthly deposit at closing was $4,980.32. On September 6, 2017 and each subsequent payment date until and including August 6, 2018, the borrower is required to make monthly deposits of $4,462.38 | |
Loan No. 37 – Town Point Center – The TI/LC reserve monthly deposit at closing was $4,615.38 and follows the following schedule over the loan term: | |
Monthly through August 6, 2015 - $4,615.38 | |
Monthly through October 6, 2016 - $9,942.88 | |
Monthly through August 6, 2024 - $5,327.50 | |
(27) | The following loans provide the borrower an option to provide a guaranty or post a letter of credit in lieu of reserve requirements. |
Loan No. 4 – Summit Rancho Bernardo – To avoid commencement of a lease sweep period the borrower may deliver a letter of credit in an amount equal to $4,918,350, which represents $25.00 PSF of the existing lease sweep lease. | |
Loan No. 21 – Commons at Madera Fair – If a “cash trap” is ongoing due to the failure by the borrower to maintain a debt service coverage ratio of at least 1.15x, the borrower may post a letter of credit or deposit an amount, which, if used to reduce the outstanding principal balance, would cause the debt service coverage ratio to be not less than 1.20x. | |
Loan No. 50 – South Blanding Village – The borrower can provide a letter of credit in the amount of $209,898.75 in lieu of funding a reserve for any free rent owed as a result of the landlord causing a delay in the tenant obtaining a certificate of occupancy. | |
Loan No. 64 – Dividend II – Borrower shall have a one-time right to post a Replacement Letter of Credit in the amount of $24,000 and a $126,000 Rollover Letter of Credit. |
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(28) | Loan No. 45 – Lilburn Corners – A Phase II report was completed on 6/3/2014 and recommended no further investigation be taken at this time. The Phase II report included soil and groundwater sampling to verify if former chlorinated solvent dry cleaning activities have impacted the subject property. No Volatile Organic Compounds (VOCs) were found. |
(29) | With respect to the Mortgage Loans identified below, the lender is insured under an environmental insurance policy obtained (i) in lieu of obtaining a Phase II Environmental Site Assessment, (ii) in lieu of providing an indemnity or guaranty from a sponsor or (iii) to address environmental conditions or concerns. For additional information, see “Risk Factors—Risks Related to the Mortgage Loans—Potential Issuing Entity Liability Related to a Materially Adverse Environmental Condition” in this prospectus supplement. |
Mortgage Loan | % of Initial | |||||||||||
Loan | Cut-off Date | Outstanding | Maximum Policy | Premium Paid in | Policy | |||||||
No. | Mortgage Loan | Balance | Pool Balance | Amount | Full | Expiration | ||||||
9 | Overland Park Marriott | $42,000,000 | 3.0% | $5,000,000 | Yes | 7/29/2021 | ||||||
25 | Roebuck Marketplace | $16,481,630 | 1.2% | $3,000,000 | Yes | 7/09/2027 | ||||||
28 | 4247 Eastern Avenue SE | $15,377,929 | 1.1% | $150,000,000 | Yes | 8/15/2026 | ||||||
44 | Aurora City Square | $8,600,000 | 0.6% | $1,000,000 | Yes | 8/14/2027 | ||||||
50 | South Blanding Village | $7,600,000 | 0.5% | $4,000,000 | Yes | 8/22/2024 | ||||||
51 | North Hills Shopping Center | $7,511,792 | 0.5% | $2,000,000 | Yes | 8/1/2019 |
(30) | Loan No. 24 – Springhill Suites Atlanta Airport Gateway Center – The borrower, College Park Business and Industrial Development Authority (“BIDA”), is a Georgia tax exempt development authority. It is not a single purpose entity. College Park Gateway Hotel Two, LLC, a Delaware limited liability company, operates the Mortgaged Property pursuant to a Parcel Design, Development and Operating Agreement and who has guaranteed all of the payments and obligations of BIDA under the Mortgage Loan Documents. | ||||||||
(31) | Summary of Existing Pari Passu Debt |
Aggregate | Loan | Loan | Loan | |||||||||||
Mortgage Loan | Companion Loan | Combination | Loan | Combination | Combination | |||||||||
Loan | Cut-off Date | Cut-off Date | Cut-off Date | Combination | Cut-off Date LTV | Cut-off Date U/W | ||||||||
No. | Mortgage Loan | Balance | Balance | Balance | U/W NCF DSCR | Ratio | NOI Debt Yield | |||||||
1 | Loews Miami Beach Hotel | $120,000,000 | $180,000,000 | $300,000,000 | 2.89x | 53.1% | 13.7% | |||||||
2 | Canyon Ranch Portfolio | $75,000,000 | $75,000,000 | $150,000,000 | 2.34x | 53.2% | 16.2% | |||||||
7 | State Farm Portfolio | $55,500,000 | $328,000,000 | $383,500,000 | 2.02x | 71.0% | 9.5% | |||||||
15 | Harwood Center | $30,000,000 | $60,000,000 | $90,000,000 | 1.36x | 72.6% | 9.3% |
(32) | Summary of Existing Mezzanine Debt |
% of | Total | Total | ||||||||||||||||||
Mortgage | Initial | Mezzanine | Annual | Mezzanine | Debt Cut- | Debt | Total | |||||||||||||
Loan Cut-off | Outstand | Debt Cut-off | Interest Rate | Loan | off Date | U/W | Debt U/W | |||||||||||||
Loan | Date | ing Pool | Date | on Mezzanine | Maturity | Intercreditor | LTV | NCF | NOI Debt | |||||||||||
No. | Mortgage Loan | Balance | Balance | Balance | Loan | Date | Agreement | Ratio | DSCR | Yield | ||||||||||
4 | Summit Rancho Bernardo | $64,000,000 | 4.5% | $10,000,000 | 10.0000% | 9/6/2024 | Yes | 78.7% | 1.14x | 7.5% | ||||||||||
9 | Overland Park Marriott | $42,000,000 | 3.0% | $5,000,000 | 10.4996% | 8/6/2019 | Yes | 83.2% | 1.20x | 11.5% | ||||||||||
13 | Ridgmar Mall(1) | $33,000,000 | 2.3% | $12,585,365 | 12.8353% | 11/6/2018 | Yes | 68.7% | 1.87x | 13.3% | ||||||||||
20 | 315 South Beverly Drive | $21,000,000 | 1.5% | $4,000,000 | 10.4998% | 8/6/2024 | Yes | 83.9% | 0.92x | 7.5% | ||||||||||
36 | Honey Creek III | $12,000,000 | 0.8% | $1,600,000 | 12.0000% | 9/6/2024 | Yes | 77.7% | 1.29x | 9.9% |
(1) | The mezzanine debt cut-off date balance of $12,585,365 consists of $10,000,000 of senior mezzanine debt at an interest rate of 11.5000%, $2,197,560 of junior mezzanine loan tranche A and $387,805 of junior mezzanine loan tranche B, each with an interest rate of 18.0000%. The interest rate in the chart is based on the weighted average cut-off date balances of the senior and junior mezzanine loan tranches. |
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(33) | Additional Debt Summary |
Total | ||||||||||||||||||||
Annual | Debt | Total | ||||||||||||||||||
Interest | Cut-off | Debt | ||||||||||||||||||
Mortgage Loan | % of Initial | Preferred | Rate on | Preferred | Date | U/W | Total Debt | |||||||||||||
Loan | Cut-off Date | Outstanding | Equity Cut-off | Preferred | Equity | Intercreditor | LTV | NCF | U/W NOI | |||||||||||
No. | Mortgage Loan | Balance | Pool Balance | Date Balance | Equity | Maturity Date | Agreement | Ratio | DSCR | Debt Yield | ||||||||||
37 | Town Point Center(1) | $11,400,000 | 0.8% | $2,540,000 | (2) | 8/6/2019 | Yes | 91.7% | 1.16x | 9.1% |
(1) | Represents preferred equity - CIG TPC Holdings, LLC, a joint venture between Town Point Financial Associates, LLC, a subsidiary of Harbor Group International, and CIG TPC Investors, LLC provided $2.54 million of preferred equity financing. |
(2) | The preferred equity accrues interest at a rate of (i) 10.0000% with respect to the first $2.2 million and (ii) 11.0000% with respect to any portion of the preferred equity financing in excess of $2.2 million and is payable monthly. |
(34) | Future Mezzanine Indebtedness Summary(1) |
Mortgage Loan | % of Initial | Intercreditor | ||||||||||||
Loan | Cut-off Date | Outstanding | Agreement | Combined | Combined | |||||||||
No. | Mortgage Loan | Balance | Pool Balance | Required | Minimum DSCR | Maximum LTV | Combined Debt Yield | |||||||
4 | Summit Rancho Bernardo | $64,000,000 | 4.5% | Yes | 1.166x(2) | 74.8%(2) | 7.70%(2) | |||||||
6 | 6100 Wilshire | $57,550,000 | 4.1% | Yes | 1.10x | 80.0% | 6.75% | |||||||
10 | Town Park Ravine I, II, III(3) | $41,137,500 | 2.9% | Yes | 1.25x | 75.0% | NAP | |||||||
15 | Harwood Center | $30,000,000 | 2.1% | Yes | 1.10x | 85.0% | NAP | |||||||
18 | Hampton Inn - Columbus | $26,500,000 | 1.9% | Yes | 1.40x | 70.0% | NAP | |||||||
19 | The Campus at Greenhill | $25,600,000 | 1.8% | Yes | 1.10x | 85.0% | NAP | |||||||
33 | Rand Tower Minneapolis | $12,825,000 | 0.9% | Yes | 1.60x | 75.0% | 10.6% | |||||||
58 | Suburban Extended Stay Portfolio | $5,900,000 | 0.4% | Yes | 1.35x | 85.0% | NAP |
(1) | Does not include Ellinwood Office Complex, which permits the borrower to obtain unsecured subordinate affiliate loans in the maximum aggregate amount of $500,000. |
(2) | Mezzanine debt is permitted in an amount not to exceed $10,000,000, provided the aggregate mortgage and mezzanine loan amounts result in (i) a combined DSCR greater than or equal to 110% of the DSCR on the closing date, (ii) a combined debt yield equal to or greater than 110% of the debt yield on the closing date and (iii) a combined LTV of less than 95.0% of the LTV on the closing date. The above chart reflects the DSCR, debt yield and LTV thresholds. |
(3) | Mezzanine debt is permitted on or before the 96th loan month. |
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