FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-260277-06 | ||
Benchmark 2024-V8 |
The depositor has filed a registration statement (including the prospectus) with the Securities and Exchange Commission (File No. 333-260277) 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 Securities and Exchange Commission 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 Securities and Exchange Commission 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 emailing: 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. |
STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING ESTIMATES AND OTHER INFORMATION |
This material is for your information, and none of Deutsche Bank Securities Inc., Citigroup Global Markets Inc., Barclays Capital Inc., BMO Capital Markets Corp., Goldman Sachs & Co. LLC, AmeriVet Securities, Inc., Drexel Hamilton, LLC or any other underwriter, (collectively, 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 preliminary prospectus relating to the Benchmark 2024-V8 Mortgage Trust Commercial Mortgage Pass-Through Certificates, Series 2024-V8 (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 depositor 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. |
Benchmark 2024-V8 - Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | % of Initial Pool Balance | % of Loan Balance | Mortgage Loan Originator | Mortgage Loan Seller | Related Group | Crossed Group | Address |
9 | |||||||||||
1 | Loan | 9, 10, 13, 15, 23, 26, 29, 33, 38 | 1 | 640 5th Avenue | 9.6% | 100.0% | GSBI, MSBNA, BMO | GSMC, BMO | NAP | NAP | 640 5th Avenue |
2 | Loan | 18, 25, 28, 38 | 1 | City Creek Center | 6.9% | 100.0% | GSBI | GSMC | Group 1 | NAP | 50 South Main Street |
3 | Loan | 9, 10, 18 | 1 | Showcase I | 6.9% | 100.0% | JPMCB, CREFI | CREFI | NAP | NAP | 3785 South Las Vegas Boulevard |
4 | Loan | 9, 25, 27, 38 | 1 | Sugarloaf Mills | 6.5% | 100.0% | GACC, BCREI | GACC, Barclays | Group 1 | NAP | 5900 Sugarloaf Parkway |
5 | Loan | 19, 33, 38 | 1 | Hilton Garden Inn & Canopy – Chicago Central Loop | 6.4% | 100.0% | CREFI | CREFI | NAP | NAP | 226 West Jackson Boulevard |
6 | Loan | 10, 11, 12, 16, 33, 36, 37, 38 | 10 | Bedrock Mixed-Use Portfolio | 5.4% | GACC | GACC | NAP | NAP | Various | |
6.01 | Property | 1 | Trio on Fort Street | 1.4% | 26.0% | 158 Rademacher Street, 201 Waterman Street & 6401 and 6451 West Fort Street | |||||
6.02 | Property | 1 | 28 Grand Apartments | 0.7% | 12.1% | 28 West Grand River Avenue | |||||
6.03 | Property | 1 | Madison Building | 0.6% | 10.9% | 1555 Broadway Street | |||||
6.04 | Property | 1 | 1274 Library Street | 0.6% | 10.9% | 1274 Library Street | |||||
6.05 | Property | 1 | The Ferguson Apartments | 0.6% | 10.8% | 1426-1454 Woodward Avenue | |||||
6.06 | Property | 1 | Lofts of Merchant Row | 0.5% | 9.1% | 1247, 1261, and 1275 Woodward Avenue | |||||
6.07 | Property | 1 | 620 and 630 Woodward Avenue | 0.4% | 7.7% | 620 and 630 Woodward Avenue | |||||
6.08 | Property | 1 | The Globe Building | 0.4% | 7.6% | 407 East Fort Street | |||||
6.09 | Property | 1 | 1500 Woodward Avenue | 0.2% | 2.8% | 1500 Woodward Avenue | |||||
6.10 | Property | 1 | Fourteen56 Apartments | 0.1% | 2.1% | 1456 Woodward Avenue | |||||
7 | Loan | 10, 12, 18 | 1 | University Pointe | 5.0% | 100.0% | CREFI | CREFI | NAP | NAP | 6350 Griffin Road |
8 | Loan | 18, 37, 38 | 1 | Soldier Hill Commons | 4.6% | 100.0% | CREFI | CREFI | NAP | NAP | 1-5 Soldier Hill Road |
9 | Loan | 18, 23, 29, 36 | 1 | The Light Building | 4.3% | 100.0% | CREFI | CREFI | NAP | NAP | 420 Broadway Street, 305-309 North Alamo Street and 318 and 320 Broadway Street |
10 | Loan | 9, 10, 19, 20 | 1 | 488 Madison | 4.0% | 100.0% | MSBNA, GACC | GACC | NAP | NAP | 488 Madison Avenue |
11 | Loan | 9, 10, 12, 18, 28, 31, 38 | 1 | Pleasanton Corporate Commons | 3.7% | 100.0% | CREFI, BANA | CREFI | NAP | NAP | 6210 and 6230 Stoneridge Mall Road |
12 | Loan | 10, 11, 12, 18, 20, 23, 24, 38 | 2 | Lotus 315 & Essence 144 | 3.6% | CREFI | CREFI | NAP | NAP | Various | |
12.01 | Property | 1 | Lotus 315 | 2.1% | 59.1% | 315 South Harrison Street | |||||
12.02 | Property | 1 | Essence 144 | 1.5% | 40.9% | 144 South Harrison Street | |||||
13 | Loan | 11, 20, 26, 33, 35, 38 | 2 | Farmingdale Hotel Portfolio | 3.5% | CREFI | CREFI | NAP | NAP | Various | |
13.01 | Property | 1 | Courtyard Marriott | 1.8% | 53.1% | 2 Marriott Plaza | |||||
13.02 | Property | 1 | TownePlace Suites | 1.6% | 46.9% | 1 Marriott Plaza | |||||
14 | Loan | 11, 19, 23, 29, 34, 38 | 8 | Rechler Industrial Portfolio - B | 3.2% | CREFI | CREFI | Group 2 | NAP | Various | |
14.01 | Property | 1 | 2001 Orville Drive North | 0.9% | 28.6% | 2001 Orville Drive North | |||||
14.02 | Property | 1 | 90 Plant Avenue | 0.6% | 18.0% | 90 Plant Avenue | |||||
14.03 | Property | 1 | 740 Old Willets Path | 0.4% | 12.6% | 740 Old Willets Path | |||||
14.04 | Property | 1 | 180 Orville Drive | 0.3% | 10.8% | 180 Orville Drive | |||||
14.05 | Property | 1 | 104 Parkway Drive South | 0.3% | 10.4% | 104 Parkway Drive South | |||||
14.06 | Property | 1 | 85 Adams Avenue | 0.3% | 9.5% | 85 Adams Avenue | |||||
14.07 | Property | 1 | 225 Oser Avenue | 0.2% | 5.2% | 225 Oser Avenue | |||||
14.08 | Property | 1 | 611 Old Willets Path | 0.2% | 4.9% | 611 Old Willets Path | |||||
15 | Loan | 9, 10, 26, 37 | 1 | Saks Beverly Hills | 2.8% | 100.0% | JPMCB, CREFI | CREFI | NAP | NAP | 9570 Wilshire Boulevard |
16 | Loan | 11, 18, 19, 23, 34 | 5 | Rechler Industrial Portfolio - A | 2.3% | CREFI | CREFI | Group 2 | NAP | Various | |
16.01 | Property | 1 | 1101 Lakeland Avenue | 0.9% | 37.7% | 1101 Lakeland Avenue | |||||
16.02 | Property | 1 | 20 Oser Avenue | 0.5% | 21.9% | 20 Oser Avenue | |||||
16.03 | Property | 1 | 185 Oser Avenue | 0.4% | 15.6% | 185 Oser Avenue | |||||
16.04 | Property | 1 | 73 Oser Avenue | 0.3% | 12.6% | 73 Oser Avenue | |||||
16.05 | Property | 1 | 135 Fell Court | 0.3% | 12.1% | 135 Fell Court | |||||
17 | Loan | 33, 37, 38 | 1 | 1042 President Street | 2.1% | 100.0% | BMO | BMO | NAP | NAP | 1042 President Street |
18 | Loan | 12, 18, 25, 32, 37 | 1 | Eleven13 Apartments | 2.1% | 100.0% | GACC | GACC | NAP | NAP | 1113 West Plum Street |
19 | Loan | 10, 11, 18, 23 | 5 | Prime Storage - Blue Portfolio | 2.0% | CREFI | CREFI | NAP | NAP | Various | |
19.01 | Property | 1 | Prime Storage - Union City | 0.7% | 34.0% | 3322, 3330 and 3334 Hudson Avenue and 122 Peter Street | |||||
19.02 | Property | 1 | Prime Storage - Jersey City | 0.5% | 22.8% | 190 Baldwin Avenue | |||||
19.03 | Property | 1 | Prime Storage - Newark | 0.4% | 22.6% | 200 Mount Pleasant Avenue | |||||
19.04 | Property | 1 | Prime Storage - Hoboken | 0.3% | 13.3% | 315 Coles Street | |||||
19.05 | Property | 1 | Prime Storage - Garfield | 0.1% | 7.4% | 170 River Drive | |||||
20 | Loan | 18, 29 | 1 | 419 Lafayette Street | 2.0% | 100.0% | CREFI | CREFI | NAP | NAP | 419 Lafayette Street |
21 | Loan | 12, 18, 19, 29 | 1 | 3575 Cahuenga | 1.8% | 100.0% | DBRI | GACC | NAP | NAP | 3575 Cahuenga Boulevard West |
22 | Loan | 10, 18, 19, 29, 33, 36, 38 | 1 | Sunroad Centrum | 1.2% | 100.0% | GSBI | GSMC | NAP | NAP | 8620 Spectrum Center Boulevard |
23 | Loan | 1 | Exchange Plaza | 1.2% | 100.0% | CREFI | CREFI | NAP | NAP | 5819 Northwest Loop 410 | |
24 | Loan | 27, 37 | 1 | Tesla - Lake Elmo | 1.2% | 100.0% | BMO | BMO | NAP | NAP | 9800 Hudson Boulevard North |
25 | Loan | 18 | 1 | Lauretta Landing | 1.1% | 100.0% | GSBI | GSMC | NAP | NAP | 5526 Lauretta Street |
26 | Loan | 9, 10, 11, 19, 20, 23, 25, 27, 29, 33, 37, 38 | 20 | GNL Industrial Portfolio | 1.1% | BMO, SGFC, BCREI, KeyBank | BMO | NAP | NAP | Various | |
26.01 | Property | 1 | FCA USA - Detroit, MI | 0.3% | 29.7% | 6836 Georgia Street | |||||
26.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | 0.1% | 11.7% | 52888 Shelby Parkway | |||||
26.03 | Property | 1 | Follett School - McHenry, IL | 0.1% | 8.5% | 1340 Ridgeview Drive | |||||
26.04 | Property | 1 | Shaw Aero - Naples, FL | 0.1% | 4.9% | 3580 Shaw Boulevard | |||||
26.05 | Property | 1 | Kuka - Sterling Heights, MI | 0.0% | 4.5% | 7408 Metro Parkway | |||||
26.06 | Property | 1 | ZF Active Safety - Findlay, OH | 0.0% | 4.4% | 1750 Production Drive | |||||
26.07 | Property | 1 | CF Sauer - 184 Suburban | 0.0% | 4.1% | 184 Suburban Road | |||||
26.08 | Property | 1 | CF Sauer - 728 N Main St. | 0.0% | 4.1% | 728 North Main Street | |||||
26.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | 0.0% | 3.6% | 130 Enterprise Drive | |||||
26.10 | Property | 1 | Hannibal - Houston, TX | 0.0% | 3.6% | 6501 Bingle Road | |||||
26.11 | Property | 1 | FedEx IV - Lexington, KY | 0.0% | 3.3% | 2024 Buck Lane | |||||
26.12 | Property | 1 | VersaFlex - Kansas City, KS | 0.0% | 3.1% | 686 Adams Street and 33 Shawnee Avenue |
A-1-1 |
Benchmark 2024-V8 - Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | % of Initial Pool Balance | % of Loan Balance | Mortgage Loan Originator | Mortgage Loan Seller | Related Group | Crossed Group | Address |
9 | |||||||||||
26.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | 0.0% | 2.7% | 301 Larcel Drive | |||||
26.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | 0.0% | 2.6% | 1850 Clark Road | |||||
26.15 | Property | 1 | CSTK - St. Louis, MO | 0.0% | 2.5% | 420 East Carrie Avenue | |||||
26.16 | Property | 1 | CF Sauer - 39 S Park Dr. | 0.0% | 2.5% | 39 South Park Drive | |||||
26.17 | Property | 1 | AM Castle - Wichita, KS | 0.0% | 2.4% | 3050 South Hydraulic Avenue | |||||
26.18 | Property | 1 | CF Sauer - 9 Old Mill Road | 0.0% | 1.3% | 9 Old Mill Road | |||||
26.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | 0.0% | 0.2% | 2447 Eunice Avenue | |||||
26.20 | Property | 1 | CF Sauer - 513 West Butler Road | 0.0% | 0.1% | 513 West Butler Road | |||||
27 | Loan | 18 | 1 | Madison on Mercer | 0.8% | 100.0% | DBRI | GACC | NAP | NAP | 3601 Mercer University Drive |
28 | Loan | 33 | 1 | Silvernail Plaza | 0.8% | 100.0% | BCREI | Barclays | NAP | NAP | 2160 Silvernail Road |
29 | Loan | 37, 38 | 1 | 536 East 183rd Street | 0.8% | 100.0% | CREFI | CREFI | NAP | NAP | 536 East 183rd Street |
30 | Loan | 37 | 1 | 302 Graham Avenue | 0.8% | 100.0% | CREFI | CREFI | NAP | NAP | 302 Graham Avenue |
31 | Loan | 1 | Woodbury Gardens | 0.7% | 100.0% | CREFI | CREFI | NAP | NAP | 205 Charlotte Court | |
32 | Loan | 1 | 49 South Clinton Street | 0.7% | 100.0% | CREFI | CREFI | NAP | NAP | 49 South Clinton Street | |
33 | Loan | 11, 12, 30 | 2 | 371 Broadway & 1776 2nd Avenue Portfolio | 0.4% | GACC | GACC | NAP | NAP | Various | |
33.01 | Property | 1 | 371 Broadway | 0.3% | 60.1% | 371 Broadway | |||||
33.02 | Property | 1 | 1776 2nd Avenue | 0.2% | 39.9% | 1776 2nd Avenue | |||||
34 | Loan | 1 | Durst CVS Columbus | 0.3% | 100.0% | CREFI | CREFI | NAP | NAP | 6659 East Main Street | |
35 | Loan | 9 | 1 | 3533 Barnes | 0.2% | 100.0% | Ice Lender Holdings LLC | GACC | NAP | NAP | 3533 Barnes Avenue |
A-1-2 |
Benchmark 2024-V8 - Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | City | County | State | Zip Code | General Property Type | Detailed Property Type | Year Built |
1 | Loan | 9, 10, 13, 15, 23, 26, 29, 33, 38 | 1 | 640 5th Avenue | New York | New York | NY | 10022 | Mixed Use | Office/Retail | 1949 |
2 | Loan | 18, 25, 28, 38 | 1 | City Creek Center | Salt Lake City | Salt Lake | UT | 84101 | Retail | Super Regional Mall | 2012 |
3 | Loan | 9, 10, 18 | 1 | Showcase I | Las Vegas | Clark | NV | 89109 | Retail | Anchored | 1997 |
4 | Loan | 9, 25, 27, 38 | 1 | Sugarloaf Mills | Lawrenceville | Gwinnett | GA | 30043 | Retail | Super Regional Mall | 2001 |
5 | Loan | 19, 33, 38 | 1 | Hilton Garden Inn & Canopy – Chicago Central Loop | Chicago | Cook | IL | 60606 | Hospitality | Full Service | 1904 |
6 | Loan | 10, 11, 12, 16, 33, 36, 37, 38 | 10 | Bedrock Mixed-Use Portfolio | Detroit | Wayne | MI | Various | Various | Various | Various |
6.01 | Property | 1 | Trio on Fort Street | Detroit | Wayne | MI | 48209 | Industrial | Manufacturing | 2001 | |
6.02 | Property | 1 | 28 Grand Apartments | Detroit | Wayne | MI | 48226 | Multifamily | High Rise | 2016 | |
6.03 | Property | 1 | Madison Building | Detroit | Wayne | MI | 48226 | Office | CBD | 1917 | |
6.04 | Property | 1 | 1274 Library Street | Detroit | Wayne | MI | 48226 | Mixed Use | Retail/Office | 1917 | |
6.05 | Property | 1 | The Ferguson Apartments | Detroit | Wayne | MI | 48226 | Multifamily | Mid Rise | 1897 | |
6.06 | Property | 1 | Lofts of Merchant Row | Detroit | Wayne | MI | 48226 | Retail | Anchored | 1891 | |
6.07 | Property | 1 | 620 and 630 Woodward Avenue | Detroit | Wayne | MI | 48226 | Office | CBD | 1880 | |
6.08 | Property | 1 | The Globe Building | Detroit | Wayne | MI | 48226 | Office | CBD | 1888 | |
6.09 | Property | 1 | 1500 Woodward Avenue | Detroit | Wayne | MI | 48226 | Mixed Use | Office/Retail | 1891 | |
6.10 | Property | 1 | Fourteen56 Apartments | Detroit | Wayne | MI | 48226 | Multifamily | Mid Rise | 1924 | |
7 | Loan | 10, 12, 18 | 1 | University Pointe | Davie | Broward | FL | 33314 | Multifamily | Student Housing | 2019 |
8 | Loan | 18, 37, 38 | 1 | Soldier Hill Commons | Paramus | Bergen | NJ | 07652 | Multifamily | Garden | 2023 |
9 | Loan | 18, 23, 29, 36 | 1 | The Light Building | San Antonio | Bexar | TX | 78205 | Office | CBD | 1931 |
10 | Loan | 9, 10, 19, 20 | 1 | 488 Madison | New York | New York | NY | 10022 | Office | CBD | 1950 |
11 | Loan | 9, 10, 12, 18, 28, 31, 38 | 1 | Pleasanton Corporate Commons | Pleasanton | Alameda | CA | 94588 | Mixed Use | Office/Lab | 2001 |
12 | Loan | 10, 11, 12, 18, 20, 23, 24, 38 | 2 | Lotus 315 & Essence 144 | East Orange | Essex | NJ | 07018 | Multifamily | Various | Various |
12.01 | Property | 1 | Lotus 315 | East Orange | Essex | NJ | 07018 | Multifamily | Mid Rise | 2019 | |
12.02 | Property | 1 | Essence 144 | East Orange | Essex | NJ | 07018 | Multifamily | High Rise | 2017 | |
13 | Loan | 11, 20, 26, 33, 35, 38 | 2 | Farmingdale Hotel Portfolio | Farmingdale | Nassau | NY | 11735 | Hospitality | Various | Various |
13.01 | Property | 1 | Courtyard Marriott | Farmingdale | Nassau | NY | 11735 | Hospitality | Select Service | 2007 | |
13.02 | Property | 1 | TownePlace Suites | Farmingdale | Nassau | NY | 11735 | Hospitality | Extended Stay | 2008 | |
14 | Loan | 11, 19, 23, 29, 34, 38 | 8 | Rechler Industrial Portfolio - B | Various | Suffolk | NY | Various | Industrial | Various | Various |
14.01 | Property | 1 | 2001 Orville Drive North | Ronkonkoma | Suffolk | NY | 11779 | Industrial | Warehouse | 2003 | |
14.02 | Property | 1 | 90 Plant Avenue | Hauppauge | Suffolk | NY | 11788 | Industrial | Flex | 1972 | |
14.03 | Property | 1 | 740 Old Willets Path | Hauppauge | Suffolk | NY | 11788 | Industrial | Flex | 1980 | |
14.04 | Property | 1 | 180 Orville Drive | Bohemia | Suffolk | NY | 11716 | Industrial | Flex | 1982 | |
14.05 | Property | 1 | 104 Parkway Drive South | Hauppauge | Suffolk | NY | 11788 | Industrial | Flex | 1985 | |
14.06 | Property | 1 | 85 Adams Avenue | Hauppauge | Suffolk | NY | 11788 | Industrial | Flex | 1973 | |
14.07 | Property | 1 | 225 Oser Avenue | Hauppauge | Suffolk | NY | 11788 | Industrial | Flex | 1979 | |
14.08 | Property | 1 | 611 Old Willets Path | Hauppauge | Suffolk | NY | 11788 | Industrial | Flex | 1963 | |
15 | Loan | 9, 10, 26, 37 | 1 | Saks Beverly Hills | Beverly Hills | Los Angeles | CA | 90212 | Retail | Single Tenant | 1993 |
16 | Loan | 11, 18, 19, 23, 34 | 5 | Rechler Industrial Portfolio - A | Various | Suffolk | NY | Various | Industrial | Various | Various |
16.01 | Property | 1 | 1101 Lakeland Avenue | Bohemia | Suffolk | NY | 11716 | Industrial | Flex | 1920 | |
16.02 | Property | 1 | 20 Oser Avenue | Hauppauge | Suffolk | NY | 11788 | Industrial | Flex | 1963 | |
16.03 | Property | 1 | 185 Oser Avenue | Hauppauge | Suffolk | NY | 11788 | Industrial | Flex | 1963 | |
16.04 | Property | 1 | 73 Oser Avenue | Hauppauge | Suffolk | NY | 11788 | Industrial | Warehouse | 1974 | |
16.05 | Property | 1 | 135 Fell Court | Hauppauge | Suffolk | NY | 11788 | Industrial | Flex | 1965 | |
17 | Loan | 33, 37, 38 | 1 | 1042 President Street | Brooklyn | Kings | NY | 11225 | Multifamily | Mid Rise | 2023 |
18 | Loan | 12, 18, 25, 32, 37 | 1 | Eleven13 Apartments | Fort Collins | Larimer | CO | 80521 | Multifamily | Student Housing | 1966 |
19 | Loan | 10, 11, 18, 23 | 5 | Prime Storage - Blue Portfolio | Various | Various | NJ | Various | Self Storage | Self Storage | Various |
19.01 | Property | 1 | Prime Storage - Union City | Union City | Hudson | NJ | 07087 | Self Storage | Self Storage | 1992 | |
19.02 | Property | 1 | Prime Storage - Jersey City | Jersey City | Hudson | NJ | 07306 | Self Storage | Self Storage | 1992 | |
19.03 | Property | 1 | Prime Storage - Newark | Newark | Essex | NJ | 07104 | Self Storage | Self Storage | 1925 | |
19.04 | Property | 1 | Prime Storage - Hoboken | Jersey City | Hudson | NJ | 07310 | Self Storage | Self Storage | 1990 | |
19.05 | Property | 1 | Prime Storage - Garfield | Garfield | Bergen | NJ | 07026 | Self Storage | Self Storage | 1900 | |
20 | Loan | 18, 29 | 1 | 419 Lafayette Street | New York | New York | NY | 10003 | Office | CBD | 1894 |
21 | Loan | 12, 18, 19, 29 | 1 | 3575 Cahuenga | Los Angeles | Los Angeles | CA | 90068 | Office | Suburban | 1983 |
22 | Loan | 10, 18, 19, 29, 33, 36, 38 | 1 | Sunroad Centrum | San Diego | San Diego | CA | 92123 | Office | CBD | 2008 |
23 | Loan | 1 | Exchange Plaza | San Antonio | Bexar | TX | 78238 | Retail | Unanchored | 1986 | |
24 | Loan | 27, 37 | 1 | Tesla - Lake Elmo | Lake Elmo | Washington | MN | 55042 | Industrial | Warehouse | 2024 |
25 | Loan | 18 | 1 | Lauretta Landing | San Diego | San Diego | CA | 92110 | Multifamily | Mid Rise | 2021 |
26 | Loan | 9, 10, 11, 19, 20, 23, 25, 27, 29, 33, 37, 38 | 20 | GNL Industrial Portfolio | Various | Various | Various | Various | Various | Various | Various |
26.01 | Property | 1 | FCA USA - Detroit, MI | Detroit | Wayne | MI | 48211 | Industrial | Warehouse/Distribution | 2015 | |
26.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | Shelby Township | Macomb | MI | 48316 | Industrial | Manufacturing | 2017 | |
26.03 | Property | 1 | Follett School - McHenry, IL | McHenry | McHenry | IL | 60050 | Industrial | Warehouse/Distribution | 1996 | |
26.04 | Property | 1 | Shaw Aero - Naples, FL | Naples | Collier | FL | 34117 | Industrial | Manufacturing/Flex | 1999 | |
26.05 | Property | 1 | Kuka - Sterling Heights, MI | Sterling Heights | Macomb | MI | 48312 | Industrial | Warehouse/Distribution | 2006 | |
26.06 | Property | 1 | ZF Active Safety - Findlay, OH | Findlay | Hancock | OH | 45840 | Industrial | Manufacturing/Warehouse | 2018 | |
26.07 | Property | 1 | CF Sauer - 184 Suburban | San Luis Obispo | San Luis Obispo | CA | 93401 | Industrial | Manufacturing | 1998 | |
26.08 | Property | 1 | CF Sauer - 728 N Main St. | Mauldin | Greenville | SC | 29662 | Industrial | Warehouse/Distribution | 1970 | |
26.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | Pittsburgh | Allegheny | PA | 15275 | Industrial | Distribution/Flex | 2015 | |
26.10 | Property | 1 | Hannibal - Houston, TX | Houston | Harris | TX | 77092 | Industrial | Manufacturing/Distribution | 1978 | |
26.11 | Property | 1 | FedEx IV - Lexington, KY | Lexington | Fayette | KY | 40511 | Industrial | Warehouse/Distribution | 2006 | |
26.12 | Property | 1 | VersaFlex - Kansas City, KS | Kansas City | Wyandotte | KS | 66105 | Industrial | Manufacturing | 1977 |
A-1-3 |
Benchmark 2024-V8 - Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | City | County | State | Zip Code | General Property Type | Detailed Property Type | Year Built |
26.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | Sikeston | New Madrid | MO | 63801 | Industrial | Warehouse/Distribution | 2016 | |
26.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | Havre de Grace | Harford | MD | 21078 | Industrial | Warehouse/Distribution | 2002 | |
26.15 | Property | 1 | CSTK - St. Louis, MO | St. Louis | City of St. Louis | MO | 63147 | Industrial | Warehouse | 2015 | |
26.16 | Property | 1 | CF Sauer - 39 S Park Dr. | Mauldin | Greenville | SC | 29607 | Industrial | Warehouse/Distribution | 1982 | |
26.17 | Property | 1 | AM Castle - Wichita, KS | Wichita | Sedgwick | KS | 67216 | Industrial | Manufacturing | 1976 | |
26.18 | Property | 1 | CF Sauer - 9 Old Mill Road | Mauldin | Greenville | SC | 29607 | Industrial | Warehouse/Distribution | 1960 | |
26.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | Orlando | Orange | FL | 32808 | Industrial | Warehouse/Distribution | 1971 | |
26.20 | Property | 1 | CF Sauer - 513 West Butler Road | Mauldin | Greenville | SC | 29662 | Office | Suburban | 2000 | |
27 | Loan | 18 | 1 | Madison on Mercer | Macon | Bibb | GA | 31204 | Multifamily | Garden | 1979 |
28 | Loan | 33 | 1 | Silvernail Plaza | Pewaukee | Waukesha | WI | 53072 | Retail | Anchored | 1984 |
29 | Loan | 37, 38 | 1 | 536 East 183rd Street | Bronx | Bronx | NY | 10458 | Multifamily | Mid Rise | 2023 |
30 | Loan | 37 | 1 | 302 Graham Avenue | Brooklyn | Kings | NY | 11211 | Multifamily | Mid Rise | 2023 |
31 | Loan | 1 | Woodbury Gardens | Central Valley | Orange | NY | 10917 | Multifamily | Garden | 1973 | |
32 | Loan | 1 | 49 South Clinton Street | East Orange | Essex | NJ | 07018 | Multifamily | Garden | 1927 | |
33 | Loan | 11, 12, 30 | 2 | 371 Broadway & 1776 2nd Avenue Portfolio | New York | New York | NY | Various | Retail | Various | Various |
33.01 | Property | 1 | 371 Broadway | New York | New York | NY | 10013 | Retail | Single Tenant | 1920 | |
33.02 | Property | 1 | 1776 2nd Avenue | New York | New York | NY | 10128 | Retail | Unanchored | 1987 | |
34 | Loan | 1 | Durst CVS Columbus | Reynoldsburg | Franklin | OH | 43068 | Retail | Single Tenant | 1999 | |
35 | Loan | 9 | 1 | 3533 Barnes | Bronx | Bronx | NY | 10467 | Multifamily | Mid Rise | 1915 |
A-1-4 |
Benchmark 2024-V8 - Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Year Renovated | Number of Units | Unit of Measure | Loan Per Unit ($) | Original Balance ($) | Cut-off Date Balance ($) | Maturity/ARD Balance ($) | Interest Rate % | Administrative Fee Rate % |
12 | 12 | 11 | 11 | 1, 14 | |||||||||
1 | Loan | 9, 10, 13, 15, 23, 26, 29, 33, 38 | 1 | 640 5th Avenue | 2003 | 314,533 | SF | 953.79 | 97,100,000 | 97,100,000 | 88,603,750 | 6.1293333% | 0.01508% |
2 | Loan | 18, 25, 28, 38 | 1 | City Creek Center | NAP | 325,790 | SF | 214.86 | 70,000,000 | 70,000,000 | 70,000,000 | 7.63000% | 0.01383% |
3 | Loan | 9, 10, 18 | 1 | Showcase I | 2003 | 180,848 | SF | 937.25 | 69,500,000 | 69,500,000 | 69,500,000 | 6.36000% | 0.01508% |
4 | Loan | 9, 25, 27, 38 | 1 | Sugarloaf Mills | 2006 | 1,178,576 | SF | 55.82 | 66,000,000 | 65,790,421 | 58,230,829 | 8.01700% | 0.01383% |
5 | Loan | 19, 33, 38 | 1 | Hilton Garden Inn & Canopy – Chicago Central Loop | 2021 | 350 | Rooms | 185,714.29 | 65,000,000 | 65,000,000 | 65,000,000 | 7.60000% | 0.01383% |
6 | Loan | 10, 11, 12, 16, 33, 36, 37, 38 | 10 | Bedrock Mixed-Use Portfolio | Various | 853,067 | SF | 87.92 | 55,000,000 | 55,000,000 | 55,000,000 | 6.38500% | 0.01383% |
6.01 | Property | 1 | Trio on Fort Street | 2018 | 563,782 | SF | 14,306,934 | 14,306,934 | 14,306,934 | ||||
6.02 | Property | 1 | 28 Grand Apartments | NAP | 133 | Units | 6,655,315 | 6,655,315 | 6,655,315 | ||||
6.03 | Property | 1 | Madison Building | 2006 | 58,869 | SF | 6,017,680 | 6,017,680 | 6,017,680 | ||||
6.04 | Property | 1 | 1274 Library Street | 1975 | 40,666 | SF | 5,977,828 | 5,977,828 | 5,977,828 | ||||
6.05 | Property | 1 | The Ferguson Apartments | 2015 | 55 | Units | 5,937,976 | 5,937,976 | 5,937,976 | ||||
6.06 | Property | 1 | Lofts of Merchant Row | 2017 | 50,983 | SF | 4,981,523 | 4,981,523 | 4,981,523 | ||||
6.07 | Property | 1 | 620 and 630 Woodward Avenue | 2013 | 39,602 | SF | 4,212,376 | 4,212,376 | 4,212,376 | ||||
6.08 | Property | 1 | The Globe Building | 2020 | 47,310 | SF | 4,176,509 | 4,176,509 | 4,176,509 | ||||
6.09 | Property | 1 | 1500 Woodward Avenue | 2020 | 21,703 | SF | 1,554,235 | 1,554,235 | 1,554,235 | ||||
6.10 | Property | 1 | Fourteen56 Apartments | 2024 | 6 | Units | 1,179,625 | 1,179,625 | 1,179,625 | ||||
7 | Loan | 10, 12, 18 | 1 | University Pointe | NAP | 877 | Beds | 97,890.54 | 50,000,000 | 50,000,000 | 50,000,000 | 6.70000% | 0.01383% |
8 | Loan | 18, 37, 38 | 1 | Soldier Hill Commons | NAP | 140 | Units | 332,142.86 | 46,500,000 | 46,500,000 | 46,500,000 | 6.78000% | 0.01383% |
9 | Loan | 18, 23, 29, 36 | 1 | The Light Building | 2022 | 147,549 | SF | 294.82 | 43,500,000 | 43,500,000 | 43,500,000 | 6.86000% | 0.02383% |
10 | Loan | 9, 10, 19, 20 | 1 | 488 Madison | 2012-2023 | 481,245 | SF | 207.79 | 40,000,000 | 40,000,000 | 40,000,000 | 6.88200% | 0.01508% |
11 | Loan | 9, 10, 12, 18, 28, 31, 38 | 1 | Pleasanton Corporate Commons | 2023 | 295,306 | SF | 222.82 | 37,100,000 | 37,100,000 | 37,100,000 | 7.78000% | 0.01383% |
12 | Loan | 10, 11, 12, 18, 20, 23, 24, 38 | 2 | Lotus 315 & Essence 144 | NAP | 336 | Units | 256,250.00 | 36,100,000 | 36,100,000 | 36,100,000 | 6.42000% | 0.01508% |
12.01 | Property | 1 | Lotus 315 | NAP | 180 | Units | 21,320,383 | 21,320,383 | 21,320,383 | ||||
12.02 | Property | 1 | Essence 144 | NAP | 156 | Units | 14,779,617 | 14,779,617 | 14,779,617 | ||||
13 | Loan | 11, 20, 26, 33, 35, 38 | 2 | Farmingdale Hotel Portfolio | Various | 249 | Rooms | 140,562.25 | 35,000,000 | 35,000,000 | 35,000,000 | 8.34000% | 0.01383% |
13.01 | Property | 1 | Courtyard Marriott | 2014-2015 | 131 | Rooms | 18,575,000 | 18,575,000 | 18,575,000 | ||||
13.02 | Property | 1 | TownePlace Suites | 2014 | 118 | Rooms | 16,425,000 | 16,425,000 | 16,425,000 | ||||
14 | Loan | 11, 19, 23, 29, 34, 38 | 8 | Rechler Industrial Portfolio - B | NAP | 292,823 | SF | 108.99 | 31,915,000 | 31,915,000 | 31,915,000 | 7.07000% | 0.06258% |
14.01 | Property | 1 | 2001 Orville Drive North | NAP | 72,000 | SF | 9,130,000 | 9,130,000 | 9,130,000 | ||||
14.02 | Property | 1 | 90 Plant Avenue | NAP | 74,950 | SF | 5,745,000 | 5,745,000 | 5,745,000 | ||||
14.03 | Property | 1 | 740 Old Willets Path | 2014 | 30,174 | SF | 4,020,000 | 4,020,000 | 4,020,000 | ||||
14.04 | Property | 1 | 180 Orville Drive | NAP | 38,003 | SF | 3,440,000 | 3,440,000 | 3,440,000 | ||||
14.05 | Property | 1 | 104 Parkway Drive South | NAP | 27,736 | SF | 3,330,000 | 3,330,000 | 3,330,000 | ||||
14.06 | Property | 1 | 85 Adams Avenue | NAP | 20,000 | SF | 3,040,000 | 3,040,000 | 3,040,000 | ||||
14.07 | Property | 1 | 225 Oser Avenue | NAP | 9,960 | SF | 1,660,000 | 1,660,000 | 1,660,000 | ||||
14.08 | Property | 1 | 611 Old Willets Path | NAP | 20,000 | SF | 1,550,000 | 1,550,000 | 1,550,000 | ||||
15 | Loan | 9, 10, 26, 37 | 1 | Saks Beverly Hills | 2023 | 114,978 | SF | 782.76 | 28,635,000 | 28,635,000 | 28,635,000 | 7.66300% | 0.01383% |
16 | Loan | 11, 18, 19, 23, 34 | 5 | Rechler Industrial Portfolio - A | Various | 216,318 | SF | 105.56 | 22,835,000 | 22,835,000 | 22,835,000 | 7.07000% | 0.06258% |
16.01 | Property | 1 | 1101 Lakeland Avenue | 1983 | 94,168 | SF | 8,620,000 | 8,620,000 | 8,620,000 | ||||
16.02 | Property | 1 | 20 Oser Avenue | NAP | 42,065 | SF | 5,010,000 | 5,010,000 | 5,010,000 | ||||
16.03 | Property | 1 | 185 Oser Avenue | NAP | 29,900 | SF | 3,570,000 | 3,570,000 | 3,570,000 | ||||
16.04 | Property | 1 | 73 Oser Avenue | NAP | 20,000 | SF | 2,870,000 | 2,870,000 | 2,870,000 | ||||
16.05 | Property | 1 | 135 Fell Court | NAP | 30,185 | SF | 2,765,000 | 2,765,000 | 2,765,000 | ||||
17 | Loan | 33, 37, 38 | 1 | 1042 President Street | NAP | 55 | Units | 392,727.27 | 21,600,000 | 21,600,000 | 21,600,000 | 6.56800% | 0.01383% |
18 | Loan | 12, 18, 25, 32, 37 | 1 | Eleven13 Apartments | 2023 | 216 | Beds | 99,537.04 | 21,500,000 | 21,500,000 | 21,500,000 | 6.08500% | 0.04383% |
19 | Loan | 10, 11, 18, 23 | 5 | Prime Storage - Blue Portfolio | Various | 247,112 | SF | 234.71 | 20,000,000 | 20,000,000 | 20,000,000 | 6.21000% | 0.01383% |
19.01 | Property | 1 | Prime Storage - Union City | NAP | 69,217 | SF | 6,793,103 | 6,793,103 | 6,793,103 | ||||
19.02 | Property | 1 | Prime Storage - Jersey City | NAP | 44,841 | SF | 4,551,724 | 4,551,724 | 4,551,724 | ||||
19.03 | Property | 1 | Prime Storage - Newark | 2014 | 62,563 | SF | 4,517,241 | 4,517,241 | 4,517,241 | ||||
19.04 | Property | 1 | Prime Storage - Hoboken | NAP | 34,064 | SF | 2,655,172 | 2,655,172 | 2,655,172 | ||||
19.05 | Property | 1 | Prime Storage - Garfield | 2019 | 36,427 | SF | 1,482,759 | 1,482,759 | 1,482,759 | ||||
20 | Loan | 18, 29 | 1 | 419 Lafayette Street | 2006, 2021 | 75,600 | SF | 264.55 | 20,000,000 | 20,000,000 | 20,000,000 | 7.02000% | 0.01383% |
21 | Loan | 12, 18, 19, 29 | 1 | 3575 Cahuenga | 2016, 2018 | 158,886 | SF | 115.18 | 18,300,000 | 18,300,000 | 18,300,000 | 7.33800% | 0.01383% |
22 | Loan | 10, 18, 19, 29, 33, 36, 38 | 1 | Sunroad Centrum | NAP | 274,758 | SF | 300.12 | 12,460,000 | 12,460,000 | 12,460,000 | 7.91200% | 0.01383% |
23 | Loan | 1 | Exchange Plaza | 2021 | 143,454 | SF | 84.35 | 12,100,000 | 12,100,000 | 12,100,000 | 8.53000% | 0.01383% | |
24 | Loan | 27, 37 | 1 | Tesla - Lake Elmo | NAP | 50,000 | SF | 235.00 | 11,750,000 | 11,750,000 | 11,750,000 | 4.82000% | 0.01383% |
25 | Loan | 18 | 1 | Lauretta Landing | NAP | 30 | Units | 363,333.33 | 10,900,000 | 10,900,000 | 10,900,000 | 6.36000% | 0.06258% |
26 | Loan | 9, 10, 11, 19, 20, 23, 25, 27, 29, 33, 37, 38 | 20 | GNL Industrial Portfolio | Various | 3,908,306 | SF | 60.64 | 10,650,000 | 10,650,000 | 10,650,000 | 5.74400% | 0.01383% |
26.01 | Property | 1 | FCA USA - Detroit, MI | 2017, 2020 | 997,022 | SF | 3,167,835 | 3,167,835 | 3,167,835 | ||||
26.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | NAP | 359,807 | SF | 1,248,742 | 1,248,742 | 1,248,742 | ||||
26.03 | Property | 1 | Follett School - McHenry, IL | 2002 | 486,868 | SF | 909,936 | 909,936 | 909,936 | ||||
26.04 | Property | 1 | Shaw Aero - Naples, FL | NAP | 130,581 | SF | 520,309 | 520,309 | 520,309 | ||||
26.05 | Property | 1 | Kuka - Sterling Heights, MI | NAP | 200,000 | SF | 482,798 | 482,798 | 482,798 | ||||
26.06 | Property | 1 | ZF Active Safety - Findlay, OH | NAP | 216,300 | SF | 470,698 | 470,698 | 470,698 | ||||
26.07 | Property | 1 | CF Sauer - 184 Suburban | NAP | 106,066 | SF | 435,608 | 435,608 | 435,608 | ||||
26.08 | Property | 1 | CF Sauer - 728 N Main St. | NAP | 247,000 | SF | 433,188 | 433,188 | 433,188 | ||||
26.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | 2024 | 85,646 | SF | 388,417 | 388,417 | 388,417 | ||||
26.10 | Property | 1 | Hannibal - Houston, TX | 2016 | 109,000 | SF | 384,787 | 384,787 | 384,787 | ||||
26.11 | Property | 1 | FedEx IV - Lexington, KY | 2012 | 138,487 | SF | 355,746 | 355,746 | 355,746 | ||||
26.12 | Property | 1 | VersaFlex - Kansas City, KS | 1990 | 113,000 | SF | 325,496 | 325,496 | 325,496 |
A-1-5 |
Benchmark 2024-V8 - Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Year Renovated | Number of Units | Unit of Measure | Loan Per Unit ($) | Original Balance ($) | Cut-off Date Balance ($) | Maturity/ARD Balance ($) | Interest Rate % | Administrative Fee Rate % |
12 | 12 | 11 | 11 | 1, 14 | |||||||||
26.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | NAP | 170,000 | SF | 287,985 | 287,985 | 287,985 | ||||
26.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | NAP | 120,000 | SF | 273,465 | 273,465 | 273,465 | ||||
26.15 | Property | 1 | CSTK - St. Louis, MO | NAP | 56,029 | SF | 271,045 | 271,045 | 271,045 | ||||
26.16 | Property | 1 | CF Sauer - 39 S Park Dr. | NAP | 152,000 | SF | 266,205 | 266,205 | 266,205 | ||||
26.17 | Property | 1 | AM Castle - Wichita, KS | NAP | 127,600 | SF | 256,524 | 256,524 | 256,524 | ||||
26.18 | Property | 1 | CF Sauer - 9 Old Mill Road | 2004 | 80,000 | SF | 140,362 | 140,362 | 140,362 | ||||
26.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | NAP | 6,900 | SF | 18,755 | 18,755 | 18,755 | ||||
26.20 | Property | 1 | CF Sauer - 513 West Butler Road | 2004 | 6,000 | SF | 12,100 | 12,100 | 12,100 | ||||
27 | Loan | 18 | 1 | Madison on Mercer | 2021, 2023 | 133 | Units | 60,902.26 | 8,100,000 | 8,100,000 | 8,100,000 | 6.92700% | 0.01383% |
28 | Loan | 33 | 1 | Silvernail Plaza | NAP | 116,135 | SF | 69.75 | 8,100,000 | 8,100,000 | 8,100,000 | 6.10000% | 0.01383% |
29 | Loan | 37, 38 | 1 | 536 East 183rd Street | NAP | 38 | Units | 210,526.32 | 8,000,000 | 8,000,000 | 8,000,000 | 6.82000% | 0.01383% |
30 | Loan | 37 | 1 | 302 Graham Avenue | NAP | 10 | Units | 800,000.00 | 8,000,000 | 8,000,000 | 8,000,000 | 6.44000% | 0.01383% |
31 | Loan | 1 | Woodbury Gardens | NAP | 87 | Units | 85,057.47 | 7,400,000 | 7,400,000 | 7,400,000 | 7.16000% | 0.01383% | |
32 | Loan | 1 | 49 South Clinton Street | 2016 | 53 | Units | 138,679.25 | 7,350,000 | 7,350,000 | 7,350,000 | 6.81000% | 0.01383% | |
33 | Loan | 11, 12, 30 | 2 | 371 Broadway & 1776 2nd Avenue Portfolio | Various | 6,862 | SF | 641.21 | 4,400,000 | 4,400,000 | 4,400,000 | 7.17700% | 0.01383% |
33.01 | Property | 1 | 371 Broadway | 2007 | 3,662 | SF | 2,645,570 | 2,645,570 | 2,645,570 | ||||
33.02 | Property | 1 | 1776 2nd Avenue | NAP | 3,200 | SF | 1,754,430 | 1,754,430 | 1,754,430 | ||||
34 | Loan | 1 | Durst CVS Columbus | NAP | 10,125 | SF | 296.30 | 3,000,000 | 3,000,000 | 3,000,000 | 7.74000% | 0.01383% | |
35 | Loan | 9 | 1 | 3533 Barnes | 2024 | 10 | Units | 240,000.00 | 2,400,000 | 2,400,000 | 2,400,000 | 7.80000% | 0.01383% |
A-1-6 |
Benchmark 2024-V8 - Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Net Mortgage Rate % | Monthly Debt Service (P&I) ($) | Monthly Debt Service (IO) ($) | Annual Debt Service (P&I) ($) | Annual Debt Service (IO) ($) | Amortization Type | ARD Loan (Yes / No) | Interest Accrual Method | Original Interest-Only Period (Mos.) |
2, 15 | 15 | 2, 15 | 15 | ||||||||||
1 | Loan | 9, 10, 13, 15, 23, 26, 29, 33, 38 | 1 | 640 5th Avenue | 6.1142533% | 640,441.56 | NAP | 7,685,298.72 | NAP | Amortizing Balloon | No | Actual/360 | 0 |
2 | Loan | 18, 25, 28, 38 | 1 | City Creek Center | 7.61617% | NAP | 451,265.05 | NAP | 5,415,180.60 | Interest Only | No | Actual/360 | 60 |
3 | Loan | 9, 10, 18 | 1 | Showcase I | 6.34492% | NAP | 373,465.97 | NAP | 4,481,591.64 | Interest Only | No | Actual/360 | 60 |
4 | Loan | 9, 25, 27, 38 | 1 | Sugarloaf Mills | 8.00317% | 552,748.93 | NAP | 6,632,987.16 | NAP | Amortizing Balloon | No | Actual/360 | 0 |
5 | Loan | 19, 33, 38 | 1 | Hilton Garden Inn & Canopy – Chicago Central Loop | 7.58617% | NAP | 417,384.26 | NAP | 5,008,611.12 | Interest Only | No | Actual/360 | 60 |
6 | Loan | 10, 11, 12, 16, 33, 36, 37, 38 | 10 | Bedrock Mixed-Use Portfolio | 6.37117% | NAP | 296,710.36 | NAP | 3,560,524.32 | Interest Only | No | Actual/360 | 60 |
6.01 | Property | 1 | Trio on Fort Street | ||||||||||
6.02 | Property | 1 | 28 Grand Apartments | ||||||||||
6.03 | Property | 1 | Madison Building | ||||||||||
6.04 | Property | 1 | 1274 Library Street | ||||||||||
6.05 | Property | 1 | The Ferguson Apartments | ||||||||||
6.06 | Property | 1 | Lofts of Merchant Row | ||||||||||
6.07 | Property | 1 | 620 and 630 Woodward Avenue | ||||||||||
6.08 | Property | 1 | The Globe Building | ||||||||||
6.09 | Property | 1 | 1500 Woodward Avenue | ||||||||||
6.10 | Property | 1 | Fourteen56 Apartments | ||||||||||
7 | Loan | 10, 12, 18 | 1 | University Pointe | 6.68617% | NAP | 283,043.98 | NAP | 3,396,527.76 | Interest Only | No | Actual/360 | 60 |
8 | Loan | 18, 37, 38 | 1 | Soldier Hill Commons | 6.76617% | NAP | 266,373.96 | NAP | 3,196,487.52 | Interest Only | No | Actual/360 | 60 |
9 | Loan | 18, 23, 29, 36 | 1 | The Light Building | 6.83617% | NAP | 252,128.82 | NAP | 3,025,545.84 | Interest Only | No | Actual/360 | 60 |
10 | Loan | 9, 10, 19, 20 | 1 | 488 Madison | 6.86692% | NAP | 232,586.11 | NAP | 2,791,033.32 | Interest Only | No | Actual/360 | 60 |
11 | Loan | 9, 10, 12, 18, 28, 31, 38 | 1 | Pleasanton Corporate Commons | 7.76617% | NAP | 243,872.38 | NAP | 2,926,468.56 | Interest Only | No | Actual/360 | 60 |
12 | Loan | 10, 11, 12, 18, 20, 23, 24, 38 | 2 | Lotus 315 & Essence 144 | 6.40492% | NAP | 195,817.43 | NAP | 2,349,809.16 | Interest Only | No | Actual/360 | 60 |
12.01 | Property | 1 | Lotus 315 | ||||||||||
12.02 | Property | 1 | Essence 144 | ||||||||||
13 | Loan | 11, 20, 26, 33, 35, 38 | 2 | Farmingdale Hotel Portfolio | 8.32617% | NAP | 246,628.47 | NAP | 2,959,541.64 | Interest Only | No | Actual/360 | 60 |
13.01 | Property | 1 | Courtyard Marriott | ||||||||||
13.02 | Property | 1 | TownePlace Suites | ||||||||||
14 | Loan | 11, 19, 23, 29, 34, 38 | 8 | Rechler Industrial Portfolio - B | 7.00742% | NAP | 190,644.10 | NAP | 2,287,729.20 | Interest Only | No | Actual/360 | 60 |
14.01 | Property | 1 | 2001 Orville Drive North | ||||||||||
14.02 | Property | 1 | 90 Plant Avenue | ||||||||||
14.03 | Property | 1 | 740 Old Willets Path | ||||||||||
14.04 | Property | 1 | 180 Orville Drive | ||||||||||
14.05 | Property | 1 | 104 Parkway Drive South | ||||||||||
14.06 | Property | 1 | 85 Adams Avenue | ||||||||||
14.07 | Property | 1 | 225 Oser Avenue | ||||||||||
14.08 | Property | 1 | 611 Old Willets Path | ||||||||||
15 | Loan | 9, 10, 26, 37 | 1 | Saks Beverly Hills | 7.64917% | NAP | 185,398.04 | NAP | 2,224,776.48 | Interest Only | No | Actual/360 | 60 |
16 | Loan | 11, 18, 19, 23, 34 | 5 | Rechler Industrial Portfolio - A | 7.00742% | NAP | 136,404.77 | NAP | 1,636,857.24 | Interest Only | No | Actual/360 | 60 |
16.01 | Property | 1 | 1101 Lakeland Avenue | ||||||||||
16.02 | Property | 1 | 20 Oser Avenue | ||||||||||
16.03 | Property | 1 | 185 Oser Avenue | ||||||||||
16.04 | Property | 1 | 73 Oser Avenue | ||||||||||
16.05 | Property | 1 | 135 Fell Court | ||||||||||
17 | Loan | 33, 37, 38 | 1 | 1042 President Street | 6.55417% | NAP | 119,866.00 | NAP | 1,438,392.00 | Interest Only | No | Actual/360 | 60 |
18 | Loan | 12, 18, 25, 32, 37 | 1 | Eleven13 Apartments | 6.04117% | NAP | 110,537.12 | NAP | 1,326,445.44 | Interest Only | No | Actual/360 | 60 |
19 | Loan | 10, 11, 18, 23 | 5 | Prime Storage - Blue Portfolio | 6.19617% | NAP | 104,937.50 | NAP | 1,259,250.00 | Interest Only | No | Actual/360 | 60 |
19.01 | Property | 1 | Prime Storage - Union City | ||||||||||
19.02 | Property | 1 | Prime Storage - Jersey City | ||||||||||
19.03 | Property | 1 | Prime Storage - Newark | ||||||||||
19.04 | Property | 1 | Prime Storage - Hoboken | ||||||||||
19.05 | Property | 1 | Prime Storage - Garfield | ||||||||||
20 | Loan | 18, 29 | 1 | 419 Lafayette Street | 7.00617% | NAP | 118,625.00 | NAP | 1,423,500.00 | Interest Only | No | Actual/360 | 60 |
21 | Loan | 12, 18, 19, 29 | 1 | 3575 Cahuenga | 7.32417% | NAP | 113,458.73 | NAP | 1,361,504.76 | Interest Only | No | Actual/360 | 60 |
22 | Loan | 10, 18, 19, 29, 33, 36, 38 | 1 | Sunroad Centrum | 7.89817% | NAP | 83,293.95 | NAP | 999,527.40 | Interest Only | No | Actual/360 | 60 |
23 | Loan | 1 | Exchange Plaza | 8.51617% | NAP | 87,205.43 | NAP | 1,046,465.16 | Interest Only | No | Actual/360 | 60 | |
24 | Loan | 27, 37 | 1 | Tesla - Lake Elmo | 4.80617% | NAP | 47,851.33 | NAP | 574,215.96 | Interest Only | No | Actual/360 | 60 |
25 | Loan | 18 | 1 | Lauretta Landing | 6.29742% | NAP | 58,572.36 | NAP | 702,868.32 | Interest Only | No | Actual/360 | 60 |
26 | Loan | 9, 10, 11, 19, 20, 23, 25, 27, 29, 33, 37, 38 | 20 | GNL Industrial Portfolio | 5.73017% | NAP | 51,686.03 | NAP | 620,232.36 | Interest Only | No | Actual/360 | 60 |
26.01 | Property | 1 | FCA USA - Detroit, MI | ||||||||||
26.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | ||||||||||
26.03 | Property | 1 | Follett School - McHenry, IL | ||||||||||
26.04 | Property | 1 | Shaw Aero - Naples, FL | ||||||||||
26.05 | Property | 1 | Kuka - Sterling Heights, MI | ||||||||||
26.06 | Property | 1 | ZF Active Safety - Findlay, OH | ||||||||||
26.07 | Property | 1 | CF Sauer - 184 Suburban | ||||||||||
26.08 | Property | 1 | CF Sauer - 728 N Main St. | ||||||||||
26.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | ||||||||||
26.10 | Property | 1 | Hannibal - Houston, TX | ||||||||||
26.11 | Property | 1 | FedEx IV - Lexington, KY | ||||||||||
26.12 | Property | 1 | VersaFlex - Kansas City, KS |
A-1-7 |
Benchmark 2024-V8 - Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Net Mortgage Rate % | Monthly Debt Service (P&I) ($) | Monthly Debt Service (IO) ($) | Annual Debt Service (P&I) ($) | Annual Debt Service (IO) ($) | Amortization Type | ARD Loan (Yes / No) | Interest Accrual Method | Original Interest-Only Period (Mos.) |
2, 15 | 15 | 2, 15 | 15 | ||||||||||
26.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | ||||||||||
26.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | ||||||||||
26.15 | Property | 1 | CSTK - St. Louis, MO | ||||||||||
26.16 | Property | 1 | CF Sauer - 39 S Park Dr. | ||||||||||
26.17 | Property | 1 | AM Castle - Wichita, KS | ||||||||||
26.18 | Property | 1 | CF Sauer - 9 Old Mill Road | ||||||||||
26.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | ||||||||||
26.20 | Property | 1 | CF Sauer - 513 West Butler Road | ||||||||||
27 | Loan | 18 | 1 | Madison on Mercer | 6.91317% | NAP | 47,406.66 | NAP | 568,879.92 | Interest Only | No | Actual/360 | 60 |
28 | Loan | 33 | 1 | Silvernail Plaza | 6.08617% | NAP | 41,746.88 | NAP | 500,962.56 | Interest Only | No | Actual/360 | 60 |
29 | Loan | 37, 38 | 1 | 536 East 183rd Street | 6.80617% | NAP | 46,098.15 | NAP | 553,177.80 | Interest Only | No | Actual/360 | 60 |
30 | Loan | 37 | 1 | 302 Graham Avenue | 6.42617% | NAP | 43,529.63 | NAP | 522,355.56 | Interest Only | No | Actual/360 | 60 |
31 | Loan | 1 | Woodbury Gardens | 7.14617% | NAP | 44,766.57 | NAP | 537,198.84 | Interest Only | No | Actual/360 | 60 | |
32 | Loan | 1 | 49 South Clinton Street | 6.79617% | NAP | 42,290.57 | NAP | 507,486.84 | Interest Only | No | Actual/360 | 60 | |
33 | Loan | 11, 12, 30 | 2 | 371 Broadway & 1776 2nd Avenue Portfolio | 7.16317% | NAP | 26,681.16 | NAP | 320,173.92 | Interest Only | No | Actual/360 | 60 |
33.01 | Property | 1 | 371 Broadway | ||||||||||
33.02 | Property | 1 | 1776 2nd Avenue | ||||||||||
34 | Loan | 1 | Durst CVS Columbus | 7.72617% | NAP | 19,618.75 | NAP | 235,425.00 | Interest Only | No | Actual/360 | 60 | |
35 | Loan | 9 | 1 | 3533 Barnes | 7.78617% | NAP | 15,816.67 | NAP | 189,800.04 | Interest Only | No | Actual/360 | 60 |
A-1-8 |
Benchmark 2024-V8 - Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Remaining Interest-Only Period (Mos.) | Original Term To Maturity / ARD (Mos.) | Remaining Term To Maturity / ARD (Mos.) | Original Amortization Term (Mos.) | Remaining Amortization Term (Mos.) | Origination Date | Seasoning (Mos.) | Payment Due Date | First Payment Date | First P&I Payment Date |
1 | Loan | 9, 10, 13, 15, 23, 26, 29, 33, 38 | 1 | 640 5th Avenue | 0 | 60 | 60 | NAP | NAP | 6/10/2024 | 0 | 1 | 8/1/2024 | 8/1/2024 |
2 | Loan | 18, 25, 28, 38 | 1 | City Creek Center | 58 | 60 | 58 | 0 | 0 | 4/24/2024 | 2 | 1 | 6/1/2024 | NAP |
3 | Loan | 9, 10, 18 | 1 | Showcase I | 60 | 60 | 60 | 0 | 0 | 6/7/2024 | 0 | 1 | 8/1/2024 | NAP |
4 | Loan | 9, 25, 27, 38 | 1 | Sugarloaf Mills | 0 | 60 | 58 | 240 | 238 | 4/24/2024 | 2 | 1 | 6/1/2024 | 6/1/2024 |
5 | Loan | 19, 33, 38 | 1 | Hilton Garden Inn & Canopy – Chicago Central Loop | 59 | 60 | 59 | 0 | 0 | 6/6/2024 | 1 | 6 | 7/6/2024 | NAP |
6 | Loan | 10, 11, 12, 16, 33, 36, 37, 38 | 10 | Bedrock Mixed-Use Portfolio | 59 | 60 | 59 | 0 | 0 | 6/5/2024 | 1 | 6 | 7/6/2024 | NAP |
6.01 | Property | 1 | Trio on Fort Street | |||||||||||
6.02 | Property | 1 | 28 Grand Apartments | |||||||||||
6.03 | Property | 1 | Madison Building | |||||||||||
6.04 | Property | 1 | 1274 Library Street | |||||||||||
6.05 | Property | 1 | The Ferguson Apartments | |||||||||||
6.06 | Property | 1 | Lofts of Merchant Row | |||||||||||
6.07 | Property | 1 | 620 and 630 Woodward Avenue | |||||||||||
6.08 | Property | 1 | The Globe Building | |||||||||||
6.09 | Property | 1 | 1500 Woodward Avenue | |||||||||||
6.10 | Property | 1 | Fourteen56 Apartments | |||||||||||
7 | Loan | 10, 12, 18 | 1 | University Pointe | 59 | 60 | 59 | 0 | 0 | 5/16/2024 | 1 | 6 | 7/6/2024 | NAP |
8 | Loan | 18, 37, 38 | 1 | Soldier Hill Commons | 59 | 60 | 59 | 0 | 0 | 5/24/2024 | 1 | 6 | 7/6/2024 | NAP |
9 | Loan | 18, 23, 29, 36 | 1 | The Light Building | 59 | 60 | 59 | 0 | 0 | 5/24/2024 | 1 | 6 | 7/6/2024 | NAP |
10 | Loan | 9, 10, 19, 20 | 1 | 488 Madison | 59 | 60 | 59 | 0 | 0 | 5/14/2024 | 1 | 1 | 7/1/2024 | NAP |
11 | Loan | 9, 10, 12, 18, 28, 31, 38 | 1 | Pleasanton Corporate Commons | 58 | 60 | 58 | 0 | 0 | 5/6/2024 | 2 | 6 | 6/6/2024 | NAP |
12 | Loan | 10, 11, 12, 18, 20, 23, 24, 38 | 2 | Lotus 315 & Essence 144 | 59 | 60 | 59 | 0 | 0 | 6/3/2024 | 1 | 6 | 7/6/2024 | NAP |
12.01 | Property | 1 | Lotus 315 | |||||||||||
12.02 | Property | 1 | Essence 144 | |||||||||||
13 | Loan | 11, 20, 26, 33, 35, 38 | 2 | Farmingdale Hotel Portfolio | 60 | 60 | 60 | 0 | 0 | 6/11/2024 | 0 | 6 | 8/6/2024 | NAP |
13.01 | Property | 1 | Courtyard Marriott | |||||||||||
13.02 | Property | 1 | TownePlace Suites | |||||||||||
14 | Loan | 11, 19, 23, 29, 34, 38 | 8 | Rechler Industrial Portfolio - B | 59 | 60 | 59 | 0 | 0 | 5/23/2024 | 1 | 6 | 7/6/2024 | NAP |
14.01 | Property | 1 | 2001 Orville Drive North | |||||||||||
14.02 | Property | 1 | 90 Plant Avenue | |||||||||||
14.03 | Property | 1 | 740 Old Willets Path | |||||||||||
14.04 | Property | 1 | 180 Orville Drive | |||||||||||
14.05 | Property | 1 | 104 Parkway Drive South | |||||||||||
14.06 | Property | 1 | 85 Adams Avenue | |||||||||||
14.07 | Property | 1 | 225 Oser Avenue | |||||||||||
14.08 | Property | 1 | 611 Old Willets Path | |||||||||||
15 | Loan | 9, 10, 26, 37 | 1 | Saks Beverly Hills | 59 | 60 | 59 | 0 | 0 | 5/13/2024 | 1 | 5 | 7/5/2024 | NAP |
16 | Loan | 11, 18, 19, 23, 34 | 5 | Rechler Industrial Portfolio - A | 59 | 60 | 59 | 0 | 0 | 5/23/2024 | 1 | 6 | 7/6/2024 | NAP |
16.01 | Property | 1 | 1101 Lakeland Avenue | |||||||||||
16.02 | Property | 1 | 20 Oser Avenue | |||||||||||
16.03 | Property | 1 | 185 Oser Avenue | |||||||||||
16.04 | Property | 1 | 73 Oser Avenue | |||||||||||
16.05 | Property | 1 | 135 Fell Court | |||||||||||
17 | Loan | 33, 37, 38 | 1 | 1042 President Street | 60 | 60 | 60 | 0 | 0 | 6/11/2024 | 0 | 6 | 8/6/2024 | NAP |
18 | Loan | 12, 18, 25, 32, 37 | 1 | Eleven13 Apartments | 58 | 60 | 58 | 0 | 0 | 4/24/2024 | 2 | 6 | 6/6/2024 | NAP |
19 | Loan | 10, 11, 18, 23 | 5 | Prime Storage - Blue Portfolio | 58 | 60 | 58 | 0 | 0 | 4/22/2024 | 2 | 6 | 6/6/2024 | NAP |
19.01 | Property | 1 | Prime Storage - Union City | |||||||||||
19.02 | Property | 1 | Prime Storage - Jersey City | |||||||||||
19.03 | Property | 1 | Prime Storage - Newark | |||||||||||
19.04 | Property | 1 | Prime Storage - Hoboken | |||||||||||
19.05 | Property | 1 | Prime Storage - Garfield | |||||||||||
20 | Loan | 18, 29 | 1 | 419 Lafayette Street | 60 | 60 | 60 | 0 | 0 | 6/11/2024 | 0 | 6 | 8/6/2024 | NAP |
21 | Loan | 12, 18, 19, 29 | 1 | 3575 Cahuenga | 60 | 60 | 60 | 0 | 0 | 6/7/2024 | 0 | 6 | 8/6/2024 | NAP |
22 | Loan | 10, 18, 19, 29, 33, 36, 38 | 1 | Sunroad Centrum | 58 | 60 | 58 | 0 | 0 | 4/25/2024 | 2 | 6 | 6/6/2024 | NAP |
23 | Loan | 1 | Exchange Plaza | 60 | 60 | 60 | 0 | 0 | 6/10/2024 | 0 | 6 | 8/6/2024 | NAP | |
24 | Loan | 27, 37 | 1 | Tesla - Lake Elmo | 60 | 60 | 60 | 0 | 0 | 6/14/2024 | 0 | 6 | 8/6/2024 | NAP |
25 | Loan | 18 | 1 | Lauretta Landing | 59 | 60 | 59 | 0 | 0 | 6/6/2024 | 1 | 6 | 7/6/2024 | NAP |
26 | Loan | 9, 10, 11, 19, 20, 23, 25, 27, 29, 33, 37, 38 | 20 | GNL Industrial Portfolio | 57 | 60 | 57 | 0 | 0 | 4/5/2024 | 3 | 6 | 5/6/2024 | NAP |
26.01 | Property | 1 | FCA USA - Detroit, MI | |||||||||||
26.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | |||||||||||
26.03 | Property | 1 | Follett School - McHenry, IL | |||||||||||
26.04 | Property | 1 | Shaw Aero - Naples, FL | |||||||||||
26.05 | Property | 1 | Kuka - Sterling Heights, MI | |||||||||||
26.06 | Property | 1 | ZF Active Safety - Findlay, OH | |||||||||||
26.07 | Property | 1 | CF Sauer - 184 Suburban | |||||||||||
26.08 | Property | 1 | CF Sauer - 728 N Main St. | |||||||||||
26.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | |||||||||||
26.10 | Property | 1 | Hannibal - Houston, TX | |||||||||||
26.11 | Property | 1 | FedEx IV - Lexington, KY | |||||||||||
26.12 | Property | 1 | VersaFlex - Kansas City, KS |
A-1-9 |
Benchmark 2024-V8 - Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Remaining Interest-Only Period (Mos.) | Original Term To Maturity / ARD (Mos.) | Remaining Term To Maturity / ARD (Mos.) | Original Amortization Term (Mos.) | Remaining Amortization Term (Mos.) | Origination Date | Seasoning (Mos.) | Payment Due Date | First Payment Date | First P&I Payment Date |
26.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | |||||||||||
26.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | |||||||||||
26.15 | Property | 1 | CSTK - St. Louis, MO | |||||||||||
26.16 | Property | 1 | CF Sauer - 39 S Park Dr. | |||||||||||
26.17 | Property | 1 | AM Castle - Wichita, KS | |||||||||||
26.18 | Property | 1 | CF Sauer - 9 Old Mill Road | |||||||||||
26.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | |||||||||||
26.20 | Property | 1 | CF Sauer - 513 West Butler Road | |||||||||||
27 | Loan | 18 | 1 | Madison on Mercer | 59 | 60 | 59 | 0 | 0 | 5/30/2024 | 1 | 6 | 7/6/2024 | NAP |
28 | Loan | 33 | 1 | Silvernail Plaza | 59 | 60 | 59 | 0 | 0 | 6/7/2024 | 1 | 6 | 7/6/2024 | NAP |
29 | Loan | 37, 38 | 1 | 536 East 183rd Street | 59 | 60 | 59 | 0 | 0 | 5/20/2024 | 1 | 6 | 7/6/2024 | NAP |
30 | Loan | 37 | 1 | 302 Graham Avenue | 59 | 60 | 59 | 0 | 0 | 6/5/2024 | 1 | 6 | 7/6/2024 | NAP |
31 | Loan | 1 | Woodbury Gardens | 60 | 60 | 60 | 0 | 0 | 6/10/2024 | 0 | 6 | 8/6/2024 | NAP | |
32 | Loan | 1 | 49 South Clinton Street | 60 | 60 | 60 | 0 | 0 | 6/7/2024 | 0 | 6 | 8/6/2024 | NAP | |
33 | Loan | 11, 12, 30 | 2 | 371 Broadway & 1776 2nd Avenue Portfolio | 58 | 60 | 58 | 0 | 0 | 4/26/2024 | 2 | 6 | 6/6/2024 | NAP |
33.01 | Property | 1 | 371 Broadway | |||||||||||
33.02 | Property | 1 | 1776 2nd Avenue | |||||||||||
34 | Loan | 1 | Durst CVS Columbus | 60 | 60 | 60 | 0 | 0 | 6/10/2024 | 0 | 6 | 8/6/2024 | NAP | |
35 | Loan | 9 | 1 | 3533 Barnes | 59 | 60 | 59 | 0 | 0 | 5/22/2024 | 1 | 6 | 7/6/2024 | NAP |
A-1-10 |
Benchmark 2024-V8 - Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Maturity Date or Anticipated Repayment Date | Final Maturity Date | Grace Period - Late Fee (Days) | Grace Period - Default (Days) | Prepayment Provision | Most Recent EGI ($) | Most Recent Expenses ($) | Most Recent NOI ($) | Most Recent NOI Date | Most Recent Description |
19 | 19 | 3, 21, 22, 23, 24, 25 | 18 | |||||||||||
1 | Loan | 9, 10, 13, 15, 23, 26, 29, 33, 38 | 1 | 640 5th Avenue | 7/1/2029 | NAP | 0 | 0 | L(24),D(29),O(7) | 72,036,886 | 18,237,231 | 53,799,655 | 12/31/2023 | T-12 |
2 | Loan | 18, 25, 28, 38 | 1 | City Creek Center | 5/1/2029 | NAP | 0 | 0 | L(26),D(27),O(7) | 23,635,158 | 14,814,820 | 8,820,338 | 12/31/2023 | T-12 |
3 | Loan | 9, 10, 18 | 1 | Showcase I | 7/1/2029 | NAP | 0 | 0 | L(24),YM1(29),O(7) | 16,088,013 | 3,194,013 | 12,894,000 | 4/30/2024 | T-12 |
4 | Loan | 9, 25, 27, 38 | 1 | Sugarloaf Mills | 5/1/2029 | NAP | 0 | 0 | L(26),D(27),O(7) | 27,625,518 | 7,793,953 | 19,831,565 | 12/31/2023 | T-12 |
5 | Loan | 19, 33, 38 | 1 | Hilton Garden Inn & Canopy – Chicago Central Loop | 6/6/2029 | NAP | 5 | 0 | L(25),D(28),O(7) | 25,942,628 | 16,562,574 | 9,380,054 | 5/31/2024 | T-12 |
6 | Loan | 10, 11, 12, 16, 33, 36, 37, 38 | 10 | Bedrock Mixed-Use Portfolio | 6/6/2029 | NAP | 0 | 0 | L(25),D(30),O(5) | 15,783,565 | 7,592,263 | 8,191,302 | 12/31/2023 | T-12 |
6.01 | Property | 1 | Trio on Fort Street | 4,573,009 | 2,072,213 | 2,500,796 | 12/31/2023 | T-12 | ||||||
6.02 | Property | 1 | 28 Grand Apartments | 1,770,156 | 1,073,049 | 697,107 | 12/31/2023 | T-12 | ||||||
6.03 | Property | 1 | Madison Building | 1,799,213 | 854,207 | 945,006 | 12/31/2023 | T-12 | ||||||
6.04 | Property | 1 | 1274 Library Street | 1,580,526 | 593,038 | 987,488 | 12/31/2023 | T-12 | ||||||
6.05 | Property | 1 | The Ferguson Apartments | 1,195,919 | 674,345 | 521,574 | 12/31/2023 | T-12 | ||||||
6.06 | Property | 1 | Lofts of Merchant Row | 1,111,350 | 390,000 | 721,350 | 12/31/2023 | T-12 | ||||||
6.07 | Property | 1 | 620 and 630 Woodward Avenue | 1,418,573 | 645,625 | 772,948 | 12/31/2023 | T-12 | ||||||
6.08 | Property | 1 | The Globe Building | 1,257,684 | 777,963 | 479,721 | 12/31/2023 | T-12 | ||||||
6.09 | Property | 1 | 1500 Woodward Avenue | 772,074 | 326,056 | 446,018 | 12/31/2023 | T-12 | ||||||
6.10 | Property | 1 | Fourteen56 Apartments | 305,061 | 185,767 | 119,294 | 12/31/2023 | T-12 | ||||||
7 | Loan | 10, 12, 18 | 1 | University Pointe | 6/6/2029 | NAP | 0 | 0 | YM1(53),O(7) | 13,505,544 | 5,313,490 | 8,192,053 | 3/31/2024 | T-12 |
8 | Loan | 18, 37, 38 | 1 | Soldier Hill Commons | 6/6/2029 | NAP | 0 | 0 | L(25),D(32),O(3) | 3,747,495 | 467,501 | 3,279,994 | 4/30/2024 | T-3 Ann |
9 | Loan | 18, 23, 29, 36 | 1 | The Light Building | 6/6/2029 | NAP | 0 | 0 | L(25),D(30),O(5) | 6,942,858 | 2,247,194 | 4,695,664 | 3/31/2024 | T-12 |
10 | Loan | 9, 10, 19, 20 | 1 | 488 Madison | 6/1/2029 | NAP | 5 | 0 | L(25),D(30),O(5) | 19,483,978 | 13,079,611 | 6,404,367 | 3/31/2024 | T-12 |
11 | Loan | 9, 10, 12, 18, 28, 31, 38 | 1 | Pleasanton Corporate Commons | 5/6/2029 | NAP | 0 | 0 | L(26),D(30),O(4) | 13,669,626 | 6,255,061 | 7,414,565 | 3/31/2024 | T-12 |
12 | Loan | 10, 11, 12, 18, 20, 23, 24, 38 | 2 | Lotus 315 & Essence 144 | 6/6/2029 | NAP | 0 | 0 | L(25),D(28),O(7) | 8,249,395 | 2,378,747 | 5,870,649 | 4/30/2024 | T-12 |
12.01 | Property | 1 | Lotus 315 | 4,517,625 | 1,291,194 | 3,226,432 | 4/30/2024 | T-12 | ||||||
12.02 | Property | 1 | Essence 144 | 3,731,770 | 1,087,553 | 2,644,217 | 4/30/2024 | T-12 | ||||||
13 | Loan | 11, 20, 26, 33, 35, 38 | 2 | Farmingdale Hotel Portfolio | 7/6/2029 | NAP | 0 | 0 | L(24),D(29),O(7) | 14,251,874 | 8,935,580 | 5,316,295 | 3/31/2024 | T-12 |
13.01 | Property | 1 | Courtyard Marriott | 8,172,393 | 5,528,028 | 2,644,365 | 3/31/2024 | T-12 | ||||||
13.02 | Property | 1 | TownePlace Suites | 6,079,481 | 3,407,551 | 2,671,930 | 3/31/2024 | T-12 | ||||||
14 | Loan | 11, 19, 23, 29, 34, 38 | 8 | Rechler Industrial Portfolio - B | 6/6/2029 | NAP | 5 | 0 | YM1(53),O(7) | 3,980,045 | 1,064,390 | 2,915,655 | 3/31/2024 | T-12 |
14.01 | Property | 1 | 2001 Orville Drive North | 929,173 | 178,322 | 750,851 | 3/31/2024 | T-12 | ||||||
14.02 | Property | 1 | 90 Plant Avenue | 756,457 | 208,184 | 548,273 | 3/31/2024 | T-12 | ||||||
14.03 | Property | 1 | 740 Old Willets Path | 626,553 | 225,370 | 401,182 | 3/31/2024 | T-12 | ||||||
14.04 | Property | 1 | 180 Orville Drive | 493,332 | 137,431 | 355,901 | 3/31/2024 | T-12 | ||||||
14.05 | Property | 1 | 104 Parkway Drive South | 358,311 | 113,440 | 244,870 | 3/31/2024 | T-12 | ||||||
14.06 | Property | 1 | 85 Adams Avenue | 357,307 | 66,307 | 291,000 | 3/31/2024 | T-12 | ||||||
14.07 | Property | 1 | 225 Oser Avenue | 203,045 | 50,404 | 152,641 | 3/31/2024 | T-12 | ||||||
14.08 | Property | 1 | 611 Old Willets Path | 255,867 | 84,931 | 170,936 | 3/31/2024 | T-12 | ||||||
15 | Loan | 9, 10, 26, 37 | 1 | Saks Beverly Hills | 6/5/2029 | NAP | 0 | 0 | L(25),D(29),O(6) | NAV | NAV | NAV | NAV | NAV |
16 | Loan | 11, 18, 19, 23, 34 | 5 | Rechler Industrial Portfolio - A | 6/6/2029 | NAP | 5 | 0 | YM1(53),O(7) | 2,526,637 | 738,729 | 1,787,908 | 3/31/2024 | T-12 |
16.01 | Property | 1 | 1101 Lakeland Avenue | 1,192,705 | 321,146 | 871,559 | 3/31/2024 | T-12 | ||||||
16.02 | Property | 1 | 20 Oser Avenue | 614,479 | 153,386 | 461,093 | 3/31/2024 | T-12 | ||||||
16.03 | Property | 1 | 185 Oser Avenue | 187,742 | 103,464 | 84,278 | 3/31/2024 | T-12 | ||||||
16.04 | Property | 1 | 73 Oser Avenue | 169,765 | 53,580 | 116,186 | 3/31/2024 | T-12 | ||||||
16.05 | Property | 1 | 135 Fell Court | 361,946 | 107,153 | 254,793 | 3/31/2024 | T-12 | ||||||
17 | Loan | 33, 37, 38 | 1 | 1042 President Street | 7/6/2029 | NAP | 0 | 0 | L(24),D(32),O(4) | NAV | NAV | NAV | NAV | NAV |
18 | Loan | 12, 18, 25, 32, 37 | 1 | Eleven13 Apartments | 5/6/2029 | NAP | 0 | 0 | L(12),YM1(44),O(4) | 2,269,403 | 752,456 | 1,516,947 | 2/29/2024 | T-12 |
19 | Loan | 10, 11, 18, 23 | 5 | Prime Storage - Blue Portfolio | 5/6/2029 | NAP | 0 | 0 | L(26),D(28),O(6) | 7,796,656 | 3,197,633 | 4,599,023 | 1/31/2024 | T-12 |
19.01 | Property | 1 | Prime Storage - Union City | 2,357,687 | 771,290 | 1,586,397 | 1/31/2024 | T-12 | ||||||
19.02 | Property | 1 | Prime Storage - Jersey City | 1,750,533 | 642,921 | 1,107,612 | 1/31/2024 | T-12 | ||||||
19.03 | Property | 1 | Prime Storage - Newark | 1,673,721 | 684,803 | 988,918 | 1/31/2024 | T-12 | ||||||
19.04 | Property | 1 | Prime Storage - Hoboken | 1,200,220 | 614,452 | 585,768 | 1/31/2024 | T-12 | ||||||
19.05 | Property | 1 | Prime Storage - Garfield | 814,494 | 484,166 | 330,328 | 1/31/2024 | T-12 | ||||||
20 | Loan | 18, 29 | 1 | 419 Lafayette Street | 7/6/2029 | NAP | 0 | 0 | L(24),D(29),O(7) | 3,609,829 | 1,217,525 | 2,392,304 | 2/29/2024 | T-12 |
21 | Loan | 12, 18, 19, 29 | 1 | 3575 Cahuenga | 7/6/2029 | NAP | 5 | 0 | L(12),YM1(12),DorYM1(31),O(5) | 3,387,437 | 1,875,666 | 1,511,771 | 12/31/2023 | T-12 |
22 | Loan | 10, 18, 19, 29, 33, 36, 38 | 1 | Sunroad Centrum | 5/6/2029 | NAP | 5 (Once per trailing 12-month period) | 0 | L(26),D(27),O(7) | 6,899,325 | 3,035,453 | 3,863,872 | 2/29/2024 | T-12 |
23 | Loan | 1 | Exchange Plaza | 7/6/2029 | NAP | 0 | 0 | L(24),D(32),O(4) | 2,477,306 | 844,111 | 1,633,195 | 2/29/2024 | T-12 | |
24 | Loan | 27, 37 | 1 | Tesla - Lake Elmo | 7/6/2029 | NAP | 0 | 0 | L(24),D(31),O(5) | NAV | NAV | NAV | NAV | NAV |
25 | Loan | 18 | 1 | Lauretta Landing | 6/6/2029 | NAP | 0 | 0 | L(25),D(28),O(7) | 1,072,531 | 355,030 | 717,501 | 3/31/2024 | T-12 |
26 | Loan | 9, 10, 11, 19, 20, 23, 25, 27, 29, 33, 37, 38 | 20 | GNL Industrial Portfolio | 4/6/2029 | NAP | 0 | 0 | L(11),YM1(16),DorYM1(26),O(7) | 30,083,673 | 1,937,654 | 28,146,019 | 12/31/2023 | T-12 |
26.01 | Property | 1 | FCA USA - Detroit, MI | 9,124,678 | 980,812 | 8,143,866 | 12/31/2023 | T-12 | ||||||
26.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | 3,723,073 | 62,226 | 3,660,847 | 12/31/2023 | T-12 | ||||||
26.03 | Property | 1 | Follett School - McHenry, IL | 2,078,309 | 15,385 | 2,062,924 | 12/31/2023 | T-12 | ||||||
26.04 | Property | 1 | Shaw Aero - Naples, FL | 1,339,488 | 263,265 | 1,076,223 | 12/31/2023 | T-12 | ||||||
26.05 | Property | 1 | Kuka - Sterling Heights, MI | 1,189,724 | 19,724 | 1,170,000 | 12/31/2023 | T-12 | ||||||
26.06 | Property | 1 | ZF Active Safety - Findlay, OH | 1,700,662 | 52,029 | 1,648,633 | 12/31/2023 | T-12 | ||||||
26.07 | Property | 1 | CF Sauer - 184 Suburban | 1,140,189 | 5,229 | 1,134,961 | 12/31/2023 | T-12 | ||||||
26.08 | Property | 1 | CF Sauer - 728 N Main St. | 1,196,256 | 12,180 | 1,184,076 | 12/31/2023 | T-12 | ||||||
26.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | 1,054,508 | 24,302 | 1,030,206 | 12/31/2023 | T-12 | ||||||
26.10 | Property | 1 | Hannibal - Houston, TX | 1,437,384 | 291,247 | 1,146,137 | 12/31/2023 | T-12 | ||||||
26.11 | Property | 1 | FedEx IV - Lexington, KY | 853,366 | 12,834 | 840,532 | 12/31/2023 | T-12 | ||||||
26.12 | Property | 1 | VersaFlex - Kansas City, KS | 720,000 | 5,328 | 714,672 | 12/31/2023 | T-12 |
A-1-11 |
Benchmark 2024-V8 - Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Maturity Date or Anticipated Repayment Date | Final Maturity Date | Grace Period - Late Fee (Days) | Grace Period - Default (Days) | Prepayment Provision | Most Recent EGI ($) | Most Recent Expenses ($) | Most Recent NOI ($) | Most Recent NOI Date | Most Recent Description |
19 | 19 | 3, 21, 22, 23, 24, 25 | 18 | |||||||||||
26.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | 920,672 | 79,649 | 841,024 | 12/31/2023 | T-12 | ||||||
26.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | 661,814 | 6,949 | 654,865 | 12/31/2023 | T-12 | ||||||
26.15 | Property | 1 | CSTK - St. Louis, MO | 995,619 | 94,628 | 900,991 | 12/31/2023 | T-12 | ||||||
26.16 | Property | 1 | CF Sauer - 39 S Park Dr. | 736,155 | 7,492 | 728,662 | 12/31/2023 | T-12 | ||||||
26.17 | Property | 1 | AM Castle - Wichita, KS | 750,794 | 0 | 750,794 | 12/31/2023 | T-12 | ||||||
26.18 | Property | 1 | CF Sauer - 9 Old Mill Road | 387,452 | 3,946 | 383,506 | 12/31/2023 | T-12 | ||||||
26.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | 44,567 | 230 | 44,338 | 12/31/2023 | T-12 | ||||||
26.20 | Property | 1 | CF Sauer - 513 West Butler Road | 28,962 | 199 | 28,763 | 12/31/2023 | T-12 | ||||||
27 | Loan | 18 | 1 | Madison on Mercer | 6/6/2029 | NAP | 0 | 0 | L(24),YM1(32),O(4) | 1,256,159 | 571,843 | 684,316 | 3/31/2024 | T-12 |
28 | Loan | 33 | 1 | Silvernail Plaza | 6/6/2029 | NAP | 0 | 0 | L(25),D(28),O(7) | 1,646,564 | 546,446 | 1,100,118 | 2/29/2024 | T-12 |
29 | Loan | 37, 38 | 1 | 536 East 183rd Street | 6/6/2029 | NAP | 0 | 0 | L(25),D(28),O(7) | NAV | NAV | NAV | NAV | NAV |
30 | Loan | 37 | 1 | 302 Graham Avenue | 6/6/2029 | NAP | 0 | 0 | L(25),D(28),O(7) | NAV | NAV | NAV | NAV | NAV |
31 | Loan | 1 | Woodbury Gardens | 7/6/2029 | NAP | 0 | 0 | L(24),D(33),O(3) | 1,588,538 | 808,165 | 780,373 | 3/31/2024 | T-12 | |
32 | Loan | 1 | 49 South Clinton Street | 7/6/2029 | NAP | 0 | 0 | L(24),D(30),O(6) | 997,267 | 334,722 | 662,545 | 4/30/2024 | T-12 | |
33 | Loan | 11, 12, 30 | 2 | 371 Broadway & 1776 2nd Avenue Portfolio | 5/6/2029 | NAP | 0 | 0 | L(26),D(27),O(7) | 299,920 | 172,624 | 127,295 | 12/31/2023 | T-12 |
33.01 | Property | 1 | 371 Broadway | NAV | NAV | NAV | NAV | NAV | ||||||
33.02 | Property | 1 | 1776 2nd Avenue | NAV | NAV | NAV | NAV | NAV | ||||||
34 | Loan | 1 | Durst CVS Columbus | 7/6/2029 | NAP | 0 | 0 | L(24),D(29),O(7) | 348,387 | 10,698 | 337,689 | 12/31/2023 | T-12 | |
35 | Loan | 9 | 1 | 3533 Barnes | 6/6/2029 | NAP | 0 | 0 | L(23),YM2(33),O(4) | NAV | NAV | NAV | NAV | NAV |
A-1-12 |
Benchmark 2024-V8 - Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Second Most Recent EGI ($) | Second Most Recent Expenses ($) | Second Most Recent NOI ($) | Second Most Recent NOI Date | Second Most Recent Description | Third Most Recent EGI ($) | Third Most Recent Expenses ($) | Third Most Recent NOI ($) | Third Most Recent NOI Date | Third Most Recent Description |
1 | Loan | 9, 10, 13, 15, 23, 26, 29, 33, 38 | 1 | 640 5th Avenue | 67,571,078 | 19,799,244 | 47,771,835 | 12/31/2022 | T-12 | 66,651,606 | 17,827,438 | 48,824,168 | 12/31/2021 | T-12 |
2 | Loan | 18, 25, 28, 38 | 1 | City Creek Center | 24,917,085 | 14,344,033 | 10,573,053 | 12/31/2022 | T-12 | 24,706,715 | 13,736,865 | 10,969,850 | 12/31/2021 | T-12 |
3 | Loan | 9, 10, 18 | 1 | Showcase I | 15,515,891 | 3,125,777 | 12,390,114 | 12/31/2023 | T-12 | 13,686,743 | 2,886,618 | 10,800,125 | 12/31/2022 | T-12 |
4 | Loan | 9, 25, 27, 38 | 1 | Sugarloaf Mills | 27,714,413 | 7,757,379 | 19,957,034 | 12/31/2022 | T-12 | 25,431,292 | 6,961,279 | 18,470,013 | 12/31/2021 | T-12 |
5 | Loan | 19, 33, 38 | 1 | Hilton Garden Inn & Canopy – Chicago Central Loop | 25,245,961 | 15,948,715 | 9,297,246 | 12/31/2023 | T-12 | 19,859,116 | 12,474,323 | 7,384,793 | 12/31/2022 | T-12 |
6 | Loan | 10, 11, 12, 16, 33, 36, 37, 38 | 10 | Bedrock Mixed-Use Portfolio | 13,577,352 | 7,634,728 | 5,942,624 | 12/31/2022 | T-12 | 10,172,405 | 6,877,759 | 3,294,646 | 12/31/2021 | T-12 |
6.01 | Property | 1 | Trio on Fort Street | 3,138,078 | 2,305,169 | 832,909 | 12/31/2022 | T-12 | 1,272,872 | 2,394,154 | (1,121,282) | 12/31/2021 | T-12 | |
6.02 | Property | 1 | 28 Grand Apartments | 1,627,619 | 964,252 | 663,367 | 12/31/2022 | T-12 | 1,112,458 | 748,819 | 363,639 | 12/31/2021 | T-12 | |
6.03 | Property | 1 | Madison Building | 1,614,058 | 799,503 | 814,555 | 12/31/2022 | T-12 | 1,586,695 | 694,075 | 892,620 | 12/31/2021 | T-12 | |
6.04 | Property | 1 | 1274 Library Street | 1,563,865 | 609,510 | 954,355 | 12/31/2022 | T-12 | 795,825 | 442,187 | 353,638 | 12/31/2021 | T-12 | |
6.05 | Property | 1 | The Ferguson Apartments | 1,215,839 | 823,949 | 391,890 | 12/31/2022 | T-12 | 1,028,655 | 637,126 | 391,529 | 12/31/2021 | T-12 | |
6.06 | Property | 1 | Lofts of Merchant Row | 1,112,193 | 425,274 | 686,919 | 12/31/2022 | T-12 | 1,082,597 | 407,168 | 675,429 | 12/31/2021 | T-12 | |
6.07 | Property | 1 | 620 and 630 Woodward Avenue | 1,381,428 | 527,953 | 853,475 | 12/31/2022 | T-12 | 1,453,975 | 526,241 | 927,734 | 12/31/2021 | T-12 | |
6.08 | Property | 1 | The Globe Building | 991,730 | 683,759 | 307,971 | 12/31/2022 | T-12 | 907,399 | 616,344 | 291,055 | 12/31/2021 | T-12 | |
6.09 | Property | 1 | 1500 Woodward Avenue | 517,210 | 298,055 | 219,155 | 12/31/2022 | T-12 | 595,837 | 257,882 | 337,955 | 12/31/2021 | T-12 | |
6.10 | Property | 1 | Fourteen56 Apartments | 415,332 | 197,304 | 218,028 | 12/31/2022 | T-12 | 336,092 | 153,763 | 182,329 | 12/31/2021 | T-12 | |
7 | Loan | 10, 12, 18 | 1 | University Pointe | 13,360,391 | 5,233,248 | 8,127,143 | 12/31/2023 | T-12 | NAV | NAV | NAV | NAV | NAV |
8 | Loan | 18, 37, 38 | 1 | Soldier Hill Commons | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
9 | Loan | 18, 23, 29, 36 | 1 | The Light Building | 6,257,385 | 2,225,129 | 4,032,256 | 12/31/2023 | T-12 | NAV | NAV | NAV | NAV | NAV |
10 | Loan | 9, 10, 19, 20 | 1 | 488 Madison | 19,409,060 | 13,257,252 | 6,151,808 | 12/31/2023 | T-12 | 23,626,906 | 13,457,905 | 10,169,001 | 12/31/2022 | T-12 |
11 | Loan | 9, 10, 12, 18, 28, 31, 38 | 1 | Pleasanton Corporate Commons | 13,049,651 | 6,096,756 | 6,952,895 | 12/31/2023 | T-12 | 10,570,084 | 5,733,264 | 4,836,820 | 12/31/2022 | T-12 |
12 | Loan | 10, 11, 12, 18, 20, 23, 24, 38 | 2 | Lotus 315 & Essence 144 | 8,049,905 | 2,390,337 | 5,659,568 | 12/31/2023 | T-12 | 7,953,274 | 2,349,398 | 5,603,876 | 12/31/2022 | T-12 |
12.01 | Property | 1 | Lotus 315 | 4,382,823 | 1,264,647 | 3,118,176 | 12/31/2023 | T-12 | 4,442,177 | 1,229,862 | 3,212,315 | 12/31/2022 | T-12 | |
12.02 | Property | 1 | Essence 144 | 3,667,082 | 1,125,690 | 2,541,392 | 12/31/2023 | T-12 | 3,511,097 | 1,119,536 | 2,391,561 | 12/31/2022 | T-12 | |
13 | Loan | 11, 20, 26, 33, 35, 38 | 2 | Farmingdale Hotel Portfolio | 13,944,363 | 9,037,087 | 4,907,276 | 12/31/2023 | T-12 | 13,123,167 | 8,870,077 | 4,253,090 | 12/31/2022 | T-12 |
13.01 | Property | 1 | Courtyard Marriott | 8,051,099 | 5,404,771 | 2,646,328 | 12/31/2023 | T-12 | 7,579,072 | 4,926,001 | 2,653,071 | 12/31/2022 | T-12 | |
13.02 | Property | 1 | TownePlace Suites | 5,893,263 | 3,632,315 | 2,260,948 | 12/31/2023 | T-12 | 5,544,095 | 3,944,076 | 1,600,019 | 12/31/2022 | T-12 | |
14 | Loan | 11, 19, 23, 29, 34, 38 | 8 | Rechler Industrial Portfolio - B | 3,913,608 | 1,072,116 | 2,841,493 | 12/31/2023 | T-12 | 3,781,776 | 1,048,455 | 2,733,320 | 12/31/2022 | T-12 |
14.01 | Property | 1 | 2001 Orville Drive North | 926,174 | 188,587 | 737,587 | 12/31/2023 | T-12 | 1,017,549 | 188,352 | 829,197 | 12/31/2022 | T-12 | |
14.02 | Property | 1 | 90 Plant Avenue | 744,581 | 208,081 | 536,499 | 12/31/2023 | T-12 | 694,359 | 202,846 | 491,513 | 12/31/2022 | T-12 | |
14.03 | Property | 1 | 740 Old Willets Path | 619,861 | 224,598 | 395,263 | 12/31/2023 | T-12 | 579,772 | 238,045 | 341,726 | 12/31/2022 | T-12 | |
14.04 | Property | 1 | 180 Orville Drive | 487,512 | 142,432 | 345,080 | 12/31/2023 | T-12 | 436,286 | 136,607 | 299,679 | 12/31/2022 | T-12 | |
14.05 | Property | 1 | 104 Parkway Drive South | 325,447 | 104,483 | 220,964 | 12/31/2023 | T-12 | 276,975 | 74,534 | 202,441 | 12/31/2022 | T-12 | |
14.06 | Property | 1 | 85 Adams Avenue | 356,260 | 66,898 | 289,362 | 12/31/2023 | T-12 | 339,343 | 72,329 | 267,014 | 12/31/2022 | T-12 | |
14.07 | Property | 1 | 225 Oser Avenue | 200,049 | 51,727 | 148,322 | 12/31/2023 | T-12 | 194,407 | 50,562 | 143,845 | 12/31/2022 | T-12 | |
14.08 | Property | 1 | 611 Old Willets Path | 253,725 | 85,309 | 168,416 | 12/31/2023 | T-12 | 243,084 | 85,179 | 157,905 | 12/31/2022 | T-12 | |
15 | Loan | 9, 10, 26, 37 | 1 | Saks Beverly Hills | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
16 | Loan | 11, 18, 19, 23, 34 | 5 | Rechler Industrial Portfolio - A | 2,560,472 | 738,402 | 1,822,070 | 12/31/2023 | T-12 | 2,465,247 | 724,193 | 1,741,054 | 12/31/2022 | T-12 |
16.01 | Property | 1 | 1101 Lakeland Avenue | 1,183,072 | 321,593 | 861,479 | 12/31/2023 | T-12 | 1,074,313 | 324,067 | 750,245 | 12/31/2022 | T-12 | |
16.02 | Property | 1 | 20 Oser Avenue | 597,171 | 153,954 | 443,218 | 12/31/2023 | T-12 | 533,724 | 163,637 | 370,087 | 12/31/2022 | T-12 | |
16.03 | Property | 1 | 185 Oser Avenue | 232,084 | 108,463 | 123,621 | 12/31/2023 | T-12 | 325,560 | 88,347 | 237,213 | 12/31/2022 | T-12 | |
16.04 | Property | 1 | 73 Oser Avenue | 189,380 | 49,163 | 140,216 | 12/31/2023 | T-12 | 183,077 | 44,399 | 138,678 | 12/31/2022 | T-12 | |
16.05 | Property | 1 | 135 Fell Court | 358,765 | 105,229 | 253,536 | 12/31/2023 | T-12 | 348,573 | 103,743 | 244,831 | 12/31/2022 | T-12 | |
17 | Loan | 33, 37, 38 | 1 | 1042 President Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
18 | Loan | 12, 18, 25, 32, 37 | 1 | Eleven13 Apartments | 2,223,838 | 721,090 | 1,502,748 | 12/31/2023 | T-12 | 2,071,447 | 679,479 | 1,391,969 | 12/31/2022 | T-12 |
19 | Loan | 10, 11, 18, 23 | 5 | Prime Storage - Blue Portfolio | 7,785,895 | 3,204,085 | 4,581,810 | 12/31/2023 | T-12 | 7,583,372 | 3,139,090 | 4,444,282 | 12/31/2022 | T-12 |
19.01 | Property | 1 | Prime Storage - Union City | 2,353,184 | 773,374 | 1,579,811 | 12/31/2023 | T-12 | 2,201,878 | 762,779 | 1,439,098 | 12/31/2022 | T-12 | |
19.02 | Property | 1 | Prime Storage - Jersey City | 1,750,302 | 642,547 | 1,107,755 | 12/31/2023 | T-12 | 1,696,875 | 617,895 | 1,078,980 | 12/31/2022 | T-12 | |
19.03 | Property | 1 | Prime Storage - Newark | 1,672,818 | 688,895 | 983,923 | 12/31/2023 | T-12 | 1,685,224 | 704,636 | 980,588 | 12/31/2022 | T-12 | |
19.04 | Property | 1 | Prime Storage - Hoboken | 1,196,368 | 611,092 | 585,276 | 12/31/2023 | T-12 | 1,230,369 | 599,618 | 630,751 | 12/31/2022 | T-12 | |
19.05 | Property | 1 | Prime Storage - Garfield | 813,223 | 488,178 | 325,046 | 12/31/2023 | T-12 | 769,027 | 454,161 | 314,866 | 12/31/2022 | T-12 | |
20 | Loan | 18, 29 | 1 | 419 Lafayette Street | 3,513,946 | 1,203,217 | 2,310,729 | 12/31/2023 | T-12 | 3,513,041 | 1,284,503 | 2,228,538 | 12/31/2022 | T-12 |
21 | Loan | 12, 18, 19, 29 | 1 | 3575 Cahuenga | 3,734,715 | 1,721,535 | 2,013,180 | 12/31/2022 | T-12 | 3,770,984 | 1,599,719 | 2,171,266 | 12/31/2021 | T-12 |
22 | Loan | 10, 18, 19, 29, 33, 36, 38 | 1 | Sunroad Centrum | 6,737,537 | 2,959,182 | 3,778,355 | 12/31/2023 | T-12 | 4,217,575 | 2,311,761 | 1,905,814 | 12/31/2022 | T-12 |
23 | Loan | 1 | Exchange Plaza | 2,469,924 | 830,959 | 1,638,965 | 12/31/2023 | T-12 | 2,506,091 | 871,829 | 1,634,262 | 12/31/2022 | T-12 | |
24 | Loan | 27, 37 | 1 | Tesla - Lake Elmo | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
25 | Loan | 18 | 1 | Lauretta Landing | 1,040,541 | 368,496 | 672,044 | 12/31/2023 | T-12 | NAV | NAV | NAV | NAV | NAV |
26 | Loan | 9, 10, 11, 19, 20, 23, 25, 27, 29, 33, 37, 38 | 20 | GNL Industrial Portfolio | 29,989,517 | 2,405,590 | 27,583,927 | 12/31/2022 | T-12 | 27,940,480 | 1,352,135 | 26,588,345 | 12/31/2021 | T-12 |
26.01 | Property | 1 | FCA USA - Detroit, MI | 8,520,112 | 650,834 | 7,869,278 | 12/31/2022 | T-12 | 7,504,173 | 492,597 | 7,011,576 | 12/31/2021 | T-12 | |
26.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | 3,635,451 | 46,387 | 3,589,064 | 12/31/2022 | T-12 | 3,572,514 | 53,827 | 3,518,687 | 12/31/2021 | T-12 | |
26.03 | Property | 1 | Follett School - McHenry, IL | 2,282,237 | 242,928 | 2,039,309 | 12/31/2022 | T-12 | 2,175,499 | 14,055 | 2,161,445 | 12/31/2021 | T-12 | |
26.04 | Property | 1 | Shaw Aero - Naples, FL | 1,258,092 | 199,160 | 1,058,932 | 12/31/2022 | T-12 | 1,185,273 | 140,625 | 1,044,648 | 12/31/2021 | T-12 | |
26.05 | Property | 1 | Kuka - Sterling Heights, MI | 1,167,198 | 17,198 | 1,150,000 | 12/31/2022 | T-12 | 1,145,854 | 15,854 | 1,130,000 | 12/31/2021 | T-12 | |
26.06 | Property | 1 | ZF Active Safety - Findlay, OH | 2,181,541 | 566,121 | 1,615,420 | 12/31/2022 | T-12 | 1,613,103 | 30,166 | 1,582,937 | 12/31/2021 | T-12 | |
26.07 | Property | 1 | CF Sauer - 184 Suburban | 1,116,127 | 3,421 | 1,112,707 | 12/31/2022 | T-12 | 1,095,495 | 4,606 | 1,090,889 | 12/31/2021 | T-12 | |
26.08 | Property | 1 | CF Sauer - 728 N Main St. | 1,168,826 | 7,967 | 1,160,859 | 12/31/2022 | T-12 | 1,148,824 | 10,727 | 1,138,097 | 12/31/2021 | T-12 | |
26.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | 1,041,968 | 21,962 | 1,020,006 | 12/31/2022 | T-12 | 1,030,165 | 20,259 | 1,009,906 | 12/31/2021 | T-12 | |
26.10 | Property | 1 | Hannibal - Houston, TX | 1,440,392 | 316,728 | 1,123,664 | 12/31/2022 | T-12 | 1,418,165 | 316,534 | 1,101,631 | 12/31/2021 | T-12 | |
26.11 | Property | 1 | FedEx IV - Lexington, KY | 990,505 | 148,531 | 841,974 | 12/31/2022 | T-12 | 960,054 | 145,240 | 814,814 | 12/31/2021 | T-12 | |
26.12 | Property | 1 | VersaFlex - Kansas City, KS | 723,486 | 3,486 | 720,000 | 12/31/2022 | T-12 | 721,756 | 1,756 | 720,000 | 12/31/2021 | T-12 |
A-1-13 |
Benchmark 2024-V8 - Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Second Most Recent EGI ($) | Second Most Recent Expenses ($) | Second Most Recent NOI ($) | Second Most Recent NOI Date | Second Most Recent Description | Third Most Recent EGI ($) | Third Most Recent Expenses ($) | Third Most Recent NOI ($) | Third Most Recent NOI Date | Third Most Recent Description |
26.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | 909,392 | 80,797 | 828,595 | 12/31/2022 | T-12 | 894,780 | 78,430 | 816,350 | 12/31/2021 | T-12 | |
26.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | 646,522 | 4,435 | 642,087 | 12/31/2022 | T-12 | 640,692 | 2,212 | 638,480 | 12/31/2021 | T-12 | |
26.15 | Property | 1 | CSTK - St. Louis, MO | 990,341 | 87,739 | 902,602 | 12/31/2022 | T-12 | 917,357 | 14,755 | 902,602 | 12/31/2021 | T-12 | |
26.16 | Property | 1 | CF Sauer - 39 S Park Dr. | 719,276 | 4,901 | 714,375 | 12/31/2022 | T-12 | 706,968 | 6,600 | 700,367 | 12/31/2021 | T-12 | |
26.17 | Property | 1 | AM Castle - Wichita, KS | 747,440 | 0 | 747,440 | 12/31/2022 | T-12 | 767,495 | 0 | 767,495 | 12/31/2021 | T-12 | |
26.18 | Property | 1 | CF Sauer - 9 Old Mill Road | 378,568 | 2,581 | 375,987 | 12/31/2022 | T-12 | 372,089 | 3,475 | 368,614 | 12/31/2021 | T-12 | |
26.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | 43,653 | 222 | 43,432 | 12/31/2022 | T-12 | 42,580 | 225 | 42,355 | 12/31/2021 | T-12 | |
26.20 | Property | 1 | CF Sauer - 513 West Butler Road | 28,391 | 192 | 28,199 | 12/31/2022 | T-12 | 27,646 | 195 | 27,452 | 12/31/2021 | T-12 | |
27 | Loan | 18 | 1 | Madison on Mercer | 1,105,080 | 594,205 | 510,875 | 12/31/2023 | T-12 | 847,451 | 453,697 | 393,755 | 12/31/2022 | T-12 |
28 | Loan | 33 | 1 | Silvernail Plaza | 1,598,979 | 563,101 | 1,035,878 | 12/31/2023 | T-12 | 1,630,969 | 558,644 | 1,072,325 | 12/31/2022 | T-12 |
29 | Loan | 37, 38 | 1 | 536 East 183rd Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
30 | Loan | 37 | 1 | 302 Graham Avenue | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
31 | Loan | 1 | Woodbury Gardens | 1,571,145 | 820,308 | 750,837 | 12/31/2023 | T-12 | 1,496,200 | 807,348 | 688,852 | 12/31/2022 | T-12 | |
32 | Loan | 1 | 49 South Clinton Street | 988,773 | 335,751 | 653,022 | 12/31/2023 | T-12 | 875,704 | 335,428 | 540,276 | 12/31/2022 | T-12 | |
33 | Loan | 11, 12, 30 | 2 | 371 Broadway & 1776 2nd Avenue Portfolio | 525,227 | 155,813 | 369,414 | 12/31/2022 | T-12 | 374,649 | 146,210 | 228,439 | 12/31/2021 | T-12 |
33.01 | Property | 1 | 371 Broadway | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
33.02 | Property | 1 | 1776 2nd Avenue | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
34 | Loan | 1 | Durst CVS Columbus | 390,921 | 11,548 | 379,373 | 12/31/2022 | T-12 | 390,921 | 11,408 | 379,513 | 12/31/2021 | T-12 | |
35 | Loan | 9 | 1 | 3533 Barnes | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
A-1-14 |
Benchmark 2024-V8 - Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Underwritten Economic Occupancy (%) | Underwritten EGI ($) | Underwritten Expenses ($) | Underwritten Net Operating Income ($) | Underwritten Replacement / FF&E Reserve ($) | Underwritten TI / LC ($) | Underwritten Net Cash Flow ($) | Underwritten NOI DSCR (x) | Underwritten NCF DSCR (x) | Underwritten NOI Debt Yield (%) |
18 | 4, 10, 15 | 4, 10, 15 | 10 | |||||||||||
1 | Loan | 9, 10, 13, 15, 23, 26, 29, 33, 38 | 1 | 640 5th Avenue | 100.0% | 77,479,026 | 21,293,412 | 56,185,614 | 78,633 | 7,574,210 | 48,532,770 | 2.37 | 2.04 | 18.7% |
2 | Loan | 18, 25, 28, 38 | 1 | City Creek Center | 90.7% | 26,404,045 | 16,379,020 | 10,025,026 | 34,220 | 296,098 | 9,694,708 | 1.85 | 1.79 | 14.3% |
3 | Loan | 9, 10, 18 | 1 | Showcase I | 91.7% | 17,910,209 | 3,501,507 | 14,408,703 | 27,127 | 180,848 | 14,200,728 | 1.32 | 1.30 | 8.5% |
4 | Loan | 9, 25, 27, 38 | 1 | Sugarloaf Mills | 95.0% | 28,206,867 | 8,356,366 | 19,850,501 | 589,288 | 1,178,576 | 18,082,637 | 2.99 | 2.73 | 30.2% |
5 | Loan | 19, 33, 38 | 1 | Hilton Garden Inn & Canopy – Chicago Central Loop | 77.3% | 26,192,628 | 16,717,196 | 9,475,432 | 1,047,705 | 0 | 8,427,727 | 1.89 | 1.68 | 14.6% |
6 | Loan | 10, 11, 12, 16, 33, 36, 37, 38 | 10 | Bedrock Mixed-Use Portfolio | 88.6% | 15,673,030 | 7,217,360 | 8,455,670 | 200,496 | 568,285 | 7,686,888 | 1.74 | 1.58 | 11.3% |
6.01 | Property | 1 | Trio on Fort Street | 89.0% | 4,599,560 | 1,553,021 | 3,046,539 | 84,567 | 204,756 | 2,757,216 | ||||
6.02 | Property | 1 | 28 Grand Apartments | 91.3% | 1,791,885 | 1,055,395 | 736,489 | 34,473 | 2,943 | 699,074 | ||||
6.03 | Property | 1 | Madison Building | 88.6% | 1,577,099 | 905,597 | 671,502 | 14,201 | 90,800 | 566,502 | ||||
6.04 | Property | 1 | 1274 Library Street | 70.1% | 1,221,471 | 608,725 | 612,746 | 9,687 | 63,865 | 539,194 | ||||
6.05 | Property | 1 | The Ferguson Apartments | 67.9% | 1,379,938 | 770,117 | 609,821 | 18,844 | 4,495 | 586,483 | ||||
6.06 | Property | 1 | Lofts of Merchant Row | 90.0% | 1,146,841 | 432,167 | 714,675 | 10,197 | 50,095 | 654,383 | ||||
6.07 | Property | 1 | 620 and 630 Woodward Avenue | 85.1% | 1,594,591 | 625,871 | 968,720 | 9,210 | 51,975 | 907,536 | ||||
6.08 | Property | 1 | The Globe Building | 84.9% | 1,381,440 | 714,493 | 666,947 | 11,639 | 69,910 | 585,399 | ||||
6.09 | Property | 1 | 1500 Woodward Avenue | 89.9% | 674,773 | 350,550 | 324,223 | 4,958 | 26,385 | 292,880 | ||||
6.10 | Property | 1 | Fourteen56 Apartments | 76.9% | 305,432 | 201,425 | 104,007 | 2,722 | 3,062 | 98,223 | ||||
7 | Loan | 10, 12, 18 | 1 | University Pointe | 95.0% | 15,552,873 | 5,357,805 | 10,195,067 | 67,141 | 30,943 | 10,096,983 | 1.75 | 1.73 | 11.9% |
8 | Loan | 18, 37, 38 | 1 | Soldier Hill Commons | 95.2% | 5,389,731 | 1,380,983 | 4,008,747 | 42,500 | 0 | 3,966,247 | 1.25 | 1.24 | 8.6% |
9 | Loan | 18, 23, 29, 36 | 1 | The Light Building | 95.0% | 7,979,131 | 2,069,680 | 5,909,451 | 29,510 | 353,160 | 5,526,782 | 1.95 | 1.83 | 13.6% |
10 | Loan | 9, 10, 19, 20 | 1 | 488 Madison | 82.6% | 27,471,037 | 11,890,811 | 15,580,226 | 95,753 | 1,973,196 | 13,511,276 | 2.23 | 1.94 | 15.6% |
11 | Loan | 9, 10, 12, 18, 28, 31, 38 | 1 | Pleasanton Corporate Commons | 95.0% | 14,036,433 | 5,556,374 | 8,480,059 | 59,061 | 693,969 | 7,727,029 | 1.63 | 1.49 | 12.9% |
12 | Loan | 10, 11, 12, 18, 20, 23, 24, 38 | 2 | Lotus 315 & Essence 144 | 95.0% | 9,423,831 | 2,452,429 | 6,971,402 | 87,746 | 16,200 | 6,867,456 | 1.24 | 1.23 | 8.1% |
12.01 | Property | 1 | Lotus 315 | 95.0% | 5,468,228 | 1,365,229 | 4,102,999 | 48,521 | 16,200 | 4,038,278 | ||||
12.02 | Property | 1 | Essence 144 | 95.0% | 3,955,603 | 1,087,200 | 2,868,403 | 39,225 | 0 | 2,829,178 | ||||
13 | Loan | 11, 20, 26, 33, 35, 38 | 2 | Farmingdale Hotel Portfolio | 77.1% | 14,212,935 | 8,824,959 | 5,387,976 | 568,517 | 0 | 4,819,458 | 1.82 | 1.63 | 15.4% |
13.01 | Property | 1 | Courtyard Marriott | 78.9% | 8,150,064 | 5,461,699 | 2,688,365 | 326,003 | 0 | 2,362,363 | ||||
13.02 | Property | 1 | TownePlace Suites | 75.2% | 6,062,870 | 3,363,260 | 2,699,610 | 242,515 | 0 | 2,457,096 | ||||
14 | Loan | 11, 19, 23, 29, 34, 38 | 8 | Rechler Industrial Portfolio - B | 92.2% | 3,984,092 | 1,029,631 | 2,954,460 | 62,939 | 42,426 | 2,849,095 | 1.29 | 1.25 | 9.3% |
14.01 | Property | 1 | 2001 Orville Drive North | 100.0% | 1,086,525 | 178,737 | 907,788 | 6,456 | 10,301 | 891,031 | ||||
14.02 | Property | 1 | 90 Plant Avenue | 100.0% | 830,642 | 209,278 | 621,365 | 5,443 | 7,055 | 608,867 | ||||
14.03 | Property | 1 | 740 Old Willets Path | 92.2% | 557,784 | 224,424 | 333,360 | 14,036 | 7,058 | 312,266 | ||||
14.04 | Property | 1 | 180 Orville Drive | 100.0% | 496,758 | 135,844 | 360,915 | 16,693 | 5,073 | 339,148 | ||||
14.05 | Property | 1 | 104 Parkway Drive South | 100.0% | 445,994 | 114,894 | 331,100 | 12,712 | 5,390 | 312,999 | ||||
14.06 | Property | 1 | 85 Adams Avenue | 100.0% | 351,422 | 64,834 | 286,587 | 2,571 | 4,491 | 279,525 | ||||
14.07 | Property | 1 | 225 Oser Avenue | 100.0% | 214,968 | 51,137 | 163,831 | 4,350 | 3,058 | 156,423 | ||||
14.08 | Property | 1 | 611 Old Willets Path | 0.0% | 0 | 50,485 | (50,485) | 679 | 0 | (51,163) | ||||
15 | Loan | 9, 10, 26, 37 | 1 | Saks Beverly Hills | 96.9% | 16,320,592 | 4,257,401 | 12,063,191 | 17,247 | 114,978 | 11,930,966 | 1.73 | 1.71 | 13.4% |
16 | Loan | 11, 18, 19, 23, 34 | 5 | Rechler Industrial Portfolio - A | 95.0% | 2,888,311 | 745,009 | 2,143,302 | 38,269 | 40,220 | 2,064,813 | 1.31 | 1.26 | 9.4% |
16.01 | Property | 1 | 1101 Lakeland Avenue | 95.0% | 1,129,403 | 314,986 | 814,417 | 4,827 | 14,880 | 794,710 | ||||
16.02 | Property | 1 | 20 Oser Avenue | 95.0% | 605,869 | 152,838 | 453,032 | 18,573 | 8,712 | 425,747 | ||||
16.03 | Property | 1 | 185 Oser Avenue | 95.0% | 458,388 | 111,660 | 346,728 | 7,890 | 6,786 | 332,053 | ||||
16.04 | Property | 1 | 73 Oser Avenue | 95.0% | 325,781 | 57,927 | 267,853 | 2,246 | 4,927 | 260,681 | ||||
16.05 | Property | 1 | 135 Fell Court | 95.0% | 368,870 | 107,598 | 261,272 | 4,733 | 4,916 | 251,623 | ||||
17 | Loan | 33, 37, 38 | 1 | 1042 President Street | 95.5% | 2,042,636 | 240,642 | 1,801,994 | 0 | 0 | 1,801,994 | 1.25 | 1.25 | 8.3% |
18 | Loan | 12, 18, 25, 32, 37 | 1 | Eleven13 Apartments | 95.0% | 2,518,086 | 768,575 | 1,749,511 | 26,750 | 0 | 1,722,761 | 1.32 | 1.30 | 8.1% |
19 | Loan | 10, 11, 18, 23 | 5 | Prime Storage - Blue Portfolio | 91.4% | 8,184,298 | 2,895,573 | 5,288,725 | 32,502 | 0 | 5,256,223 | 1.45 | 1.44 | 9.1% |
19.01 | Property | 1 | Prime Storage - Union City | 95.0% | 2,490,483 | 691,083 | 1,799,399 | 6,571 | 0 | 1,792,828 | ||||
19.02 | Property | 1 | Prime Storage - Jersey City | 92.9% | 1,783,453 | 582,226 | 1,201,226 | 4,064 | 0 | 1,197,162 | ||||
19.03 | Property | 1 | Prime Storage - Newark | 89.0% | 1,881,836 | 689,981 | 1,191,855 | 6,259 | 0 | 1,185,596 | ||||
19.04 | Property | 1 | Prime Storage - Hoboken | 86.4% | 1,196,253 | 490,022 | 706,231 | 7,793 | 0 | 698,438 | ||||
19.05 | Property | 1 | Prime Storage - Garfield | 90.9% | 832,274 | 442,261 | 390,013 | 7,815 | 0 | 382,198 | ||||
20 | Loan | 18, 29 | 1 | 419 Lafayette Street | 83.3% | 4,385,051 | 1,252,780 | 3,132,271 | 15,120 | 111,073 | 3,006,078 | 2.20 | 2.11 | 15.7% |
21 | Loan | 12, 18, 19, 29 | 1 | 3575 Cahuenga | 71.4% | 4,051,594 | 1,916,436 | 2,135,159 | 31,777 | 238,329 | 1,865,052 | 1.57 | 1.37 | 11.7% |
22 | Loan | 10, 18, 19, 29, 33, 36, 38 | 1 | Sunroad Centrum | 96.2% | 12,739,675 | 3,445,066 | 9,294,609 | 54,952 | 194,873 | 9,044,784 | 1.41 | 1.37 | 11.3% |
23 | Loan | 1 | Exchange Plaza | 95.0% | 2,461,988 | 856,002 | 1,605,986 | 52,454 | 143,454 | 1,410,077 | 1.53 | 1.35 | 13.3% | |
24 | Loan | 27, 37 | 1 | Tesla - Lake Elmo | 100.0% | 1,541,040 | 48,744 | 1,492,297 | 0 | 0 | 1,492,297 | 2.60 | 2.60 | 12.7% |
25 | Loan | 18 | 1 | Lauretta Landing | 95.0% | 1,198,502 | 340,510 | 857,992 | 6,000 | 0 | 851,992 | 1.22 | 1.21 | 7.9% |
26 | Loan | 9, 10, 11, 19, 20, 23, 25, 27, 29, 33, 37, 38 | 20 | GNL Industrial Portfolio | 100.0% | 32,612,362 | 2,698,321 | 29,914,041 | 586,246 | 0 | 29,327,795 | 2.17 | 2.12 | 12.6% |
26.01 | Property | 1 | FCA USA - Detroit, MI | 100.0% | 10,165,096 | 1,216,851 | 8,948,245 | 149,553 | 0 | 8,798,692 | ||||
26.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | 100.0% | 3,862,154 | 136,993 | 3,725,161 | 53,971 | 0 | 3,671,190 | ||||
26.03 | Property | 1 | Follett School - McHenry, IL | 100.0% | 2,257,626 | 60,838 | 2,196,789 | 73,030 | 0 | 2,123,759 | ||||
26.04 | Property | 1 | Shaw Aero - Naples, FL | 100.0% | 1,482,908 | 319,310 | 1,163,598 | 19,587 | 0 | 1,144,011 | ||||
26.05 | Property | 1 | Kuka - Sterling Heights, MI | 100.0% | 1,315,504 | 54,009 | 1,261,495 | 30,000 | 0 | 1,231,495 | ||||
26.06 | Property | 1 | ZF Active Safety - Findlay, OH | 100.0% | 1,799,430 | 88,008 | 1,711,423 | 32,445 | 0 | 1,678,978 | ||||
26.07 | Property | 1 | CF Sauer - 184 Suburban | 100.0% | 1,198,556 | 27,502 | 1,171,054 | 15,910 | 0 | 1,155,144 | ||||
26.08 | Property | 1 | CF Sauer - 728 N Main St. | 100.0% | 1,255,057 | 33,326 | 1,221,732 | 37,050 | 0 | 1,184,682 | ||||
26.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | 100.0% | 1,120,814 | 54,362 | 1,066,453 | 12,847 | 0 | 1,053,606 | ||||
26.10 | Property | 1 | Hannibal - Houston, TX | 100.0% | 1,552,566 | 340,787 | 1,211,779 | 16,350 | 0 | 1,195,429 | ||||
26.11 | Property | 1 | FedEx IV - Lexington, KY | 100.0% | 855,554 | 26,656 | 828,898 | 20,773 | 0 | 808,125 | ||||
26.12 | Property | 1 | VersaFlex - Kansas City, KS | 100.0% | 851,541 | 20,629 | 830,912 | 16,950 | 0 | 813,962 |
A-1-15 |
Benchmark 2024-V8 - Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Underwritten Economic Occupancy (%) | Underwritten EGI ($) | Underwritten Expenses ($) | Underwritten Net Operating Income ($) | Underwritten Replacement / FF&E Reserve ($) | Underwritten TI / LC ($) | Underwritten Net Cash Flow ($) | Underwritten NOI DSCR (x) | Underwritten NCF DSCR (x) | Underwritten NOI Debt Yield (%) |
18 | 4, 10, 15 | 4, 10, 15 | 10 | |||||||||||
26.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | 100.0% | 979,883 | 112,372 | 867,512 | 25,500 | 0 | 842,012 | ||||
26.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | 100.0% | 700,694 | 18,761 | 681,932 | 18,000 | 0 | 663,932 | ||||
26.15 | Property | 1 | CSTK - St. Louis, MO | 100.0% | 1,124,754 | 131,892 | 992,862 | 8,404 | 0 | 984,458 | ||||
26.16 | Property | 1 | CF Sauer - 39 S Park Dr. | 100.0% | 772,341 | 20,506 | 751,835 | 22,800 | 0 | 729,035 | ||||
26.17 | Property | 1 | AM Castle - Wichita, KS | 100.0% | 834,023 | 22,751 | 811,272 | 19,140 | 0 | 792,132 | ||||
26.18 | Property | 1 | CF Sauer - 9 Old Mill Road | 100.0% | 406,497 | 10,794 | 395,703 | 12,000 | 0 | 383,703 | ||||
26.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | 100.0% | 46,876 | 1,167 | 45,709 | 1,035 | 0 | 44,674 | ||||
26.20 | Property | 1 | CF Sauer - 513 West Butler Road | 100.0% | 30,486 | 808 | 29,678 | 900 | 0 | 28,778 | ||||
27 | Loan | 18 | 1 | Madison on Mercer | 94.5% | 1,566,293 | 605,748 | 960,546 | 33,250 | 0 | 927,296 | 1.69 | 1.63 | 11.9% |
28 | Loan | 33 | 1 | Silvernail Plaza | 86.7% | 1,403,456 | 473,790 | 929,665 | 17,420 | 46,161 | 866,084 | 1.86 | 1.73 | 11.5% |
29 | Loan | 37, 38 | 1 | 536 East 183rd Street | 94.9% | 1,450,368 | 229,060 | 1,221,308 | 9,500 | 0 | 1,211,808 | 2.21 | 2.19 | 15.3% |
30 | Loan | 37 | 1 | 302 Graham Avenue | 97.0% | 792,228 | 135,365 | 656,863 | 2,500 | 0 | 654,363 | 1.26 | 1.25 | 8.2% |
31 | Loan | 1 | Woodbury Gardens | 97.0% | 1,591,151 | 820,931 | 770,220 | 24,904 | 0 | 745,316 | 1.43 | 1.39 | 10.4% | |
32 | Loan | 1 | 49 South Clinton Street | 97.0% | 992,395 | 343,411 | 648,984 | 13,250 | 0 | 635,734 | 1.28 | 1.25 | 8.8% | |
33 | Loan | 11, 12, 30 | 2 | 371 Broadway & 1776 2nd Avenue Portfolio | 95.0% | 667,115 | 203,289 | 463,826 | 1,372 | 12,009 | 450,445 | 1.45 | 1.41 | 10.5% |
33.01 | Property | 1 | 371 Broadway | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
33.02 | Property | 1 | 1776 2nd Avenue | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
34 | Loan | 1 | Durst CVS Columbus | 97.0% | 399,323 | 62,207 | 337,116 | 8,782 | 0 | 328,334 | 1.43 | 1.39 | 11.2% | |
35 | Loan | 9 | 1 | 3533 Barnes | 95.0% | 305,763 | 51,002 | 254,761 | 2,500 | 0 | 252,261 | 1.34 | 1.33 | 10.6% |
A-1-16 |
Benchmark 2024-V8 - Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Underwritten NCF Debt Yield (%) | Appraised Value ($) | Appraised Value Type | Appraisal Date | Cut-off Date LTV Ratio (%) | LTV Ratio at Maturity / ARD (%) | Leased Occupancy (%) | Occupancy Date | Single Tenant (Y/N) |
10 | 20 | 20 | 10, 20 | 10, 20 | 5, 12, 26, 27 | ||||||||
1 | Loan | 9, 10, 13, 15, 23, 26, 29, 33, 38 | 1 | 640 5th Avenue | 16.2% | 720,000,000 | As Is | 2/28/2024 | 41.7% | 38.0% | 92.9% | 1/31/2024 | No |
2 | Loan | 18, 25, 28, 38 | 1 | City Creek Center | 13.8% | 135,500,000 | As Is | 2/27/2024 | 51.7% | 51.7% | 85.4% | 1/31/2024 | No |
3 | Loan | 9, 10, 18 | 1 | Showcase I | 8.4% | 250,000,000 | As Is | 3/27/2024 | 67.8% | 67.8% | 90.0% | 2/29/2024 | No |
4 | Loan | 9, 25, 27, 38 | 1 | Sugarloaf Mills | 27.5% | 215,000,000 | As Is | 2/22/2024 | 30.6% | 27.1% | 86.6% | 2/16/2024 | No |
5 | Loan | 19, 33, 38 | 1 | Hilton Garden Inn & Canopy – Chicago Central Loop | 13.0% | 160,400,000 | As Is | 3/7/2024 | 40.5% | 40.5% | 77.3% | 5/31/2024 | NAP |
6 | Loan | 10, 11, 12, 16, 33, 36, 37, 38 | 10 | Bedrock Mixed-Use Portfolio | 10.2% | 138,010,000 | As Is | Various | 54.3% | 54.3% | 83.0% | ||
6.01 | Property | 1 | Trio on Fort Street | 35,900,000 | As Is | 2/28/2024 | 86.1% | 5/20/2024 | No | ||||
6.02 | Property | 1 | 28 Grand Apartments | 16,700,000 | As Is | 2/27/2024 | 84.2% | 5/20/2024 | NAP | ||||
6.03 | Property | 1 | Madison Building | 15,100,000 | As Is | 2/27/2024 | 97.5% | 5/20/2024 | No | ||||
6.04 | Property | 1 | 1274 Library Street | 15,000,000 | As Is | 2/29/2024 | 54.2% | 5/20/2024 | No | ||||
6.05 | Property | 1 | The Ferguson Apartments | 14,900,000 | As Is | 2/27/2024 | 94.5% | 5/20/2024 | NAP | ||||
6.06 | Property | 1 | Lofts of Merchant Row | 12,500,000 | As Is | 2/29/2024 | 89.8% | 5/20/2024 | No | ||||
6.07 | Property | 1 | 620 and 630 Woodward Avenue | 10,570,000 | As Is | 2/29/2024 | 74.7% | 5/20/2024 | No | ||||
6.08 | Property | 1 | The Globe Building | 10,480,000 | As Is | 2/29/2024 | 80.1% | 5/20/2024 | No | ||||
6.09 | Property | 1 | 1500 Woodward Avenue | 3,900,000 | As Is | 2/27/2024 | 100.0% | 5/20/2024 | No | ||||
6.10 | Property | 1 | Fourteen56 Apartments | 2,960,000 | As Is | 2/27/2024 | 100.0% | 5/20/2024 | NAP | ||||
7 | Loan | 10, 12, 18 | 1 | University Pointe | 11.8% | 157,400,000 | As Is | 4/22/2024 | 54.5% | 54.5% | 98.1% | 4/4/2024 | NAP |
8 | Loan | 18, 37, 38 | 1 | Soldier Hill Commons | 8.5% | 74,200,000 | As Is | 3/11/2024 | 62.7% | 62.7% | 96.4% | 5/22/2024 | NAP |
9 | Loan | 18, 23, 29, 36 | 1 | The Light Building | 12.7% | 77,500,000 | As Is | 4/25/2024 | 56.1% | 56.1% | 100.0% | 6/1/2024 | No |
10 | Loan | 9, 10, 19, 20 | 1 | 488 Madison | 13.5% | 220,000,000 | As Is Assuming ADNY Reserves | 4/1/2024 | 45.5% | 45.5% | 86.1% | 4/1/2024 | No |
11 | Loan | 9, 10, 12, 18, 28, 31, 38 | 1 | Pleasanton Corporate Commons | 11.7% | 110,400,000 | As Is | 1/9/2024 | 59.6% | 59.6% | 100.0% | 7/6/2024 | Yes |
12 | Loan | 10, 11, 12, 18, 20, 23, 24, 38 | 2 | Lotus 315 & Essence 144 | 8.0% | 123,700,000 | Various | Various | 69.6% | 69.6% | 96.4% | ||
12.01 | Property | 1 | Lotus 315 | 73,200,000 | Prospective Market Value Upon Stabilization | 10/1/2024 | 95.6% | 6/1/2024 | NAP | ||||
12.02 | Property | 1 | Essence 144 | 50,500,000 | As Is | 4/23/2024 | 97.4% | 6/1/2024 | NAP | ||||
13 | Loan | 11, 20, 26, 33, 35, 38 | 2 | Farmingdale Hotel Portfolio | 13.8% | 66,000,000 | As Stabilized | 1/1/2026 | 53.0% | 53.0% | 77.1% | ||
13.01 | Property | 1 | Courtyard Marriott | 35,000,000 | As Stabilized | 1/1/2026 | 78.9% | 3/31/2024 | NAP | ||||
13.02 | Property | 1 | TownePlace Suites | 31,000,000 | As Stabilized | 1/1/2026 | 75.2% | 3/31/2024 | NAP | ||||
14 | Loan | 11, 19, 23, 29, 34, 38 | 8 | Rechler Industrial Portfolio - B | 8.9% | 63,500,000 | As Is | 4/25/2024 | 50.3% | 50.3% | 92.2% | ||
14.01 | Property | 1 | 2001 Orville Drive North | 17,000,000 | As Is | 4/25/2024 | 100.0% | 7/6/2024 | Yes | ||||
14.02 | Property | 1 | 90 Plant Avenue | 13,000,000 | As Is | 4/25/2024 | 100.0% | 4/18/2024 | No | ||||
14.03 | Property | 1 | 740 Old Willets Path | 7,400,000 | As Is | 4/25/2024 | 90.3% | 4/18/2024 | No | ||||
14.04 | Property | 1 | 180 Orville Drive | 7,400,000 | As Is | 4/25/2024 | 100.0% | 4/18/2024 | No | ||||
14.05 | Property | 1 | 104 Parkway Drive South | 6,500,000 | As Is | 4/25/2024 | 100.0% | 7/6/2024 | Yes | ||||
14.06 | Property | 1 | 85 Adams Avenue | 5,300,000 | As Is | 4/25/2024 | 100.0% | 7/6/2024 | Yes | ||||
14.07 | Property | 1 | 225 Oser Avenue | 2,700,000 | As Is | 4/25/2024 | 100.0% | 7/6/2024 | Yes | ||||
14.08 | Property | 1 | 611 Old Willets Path | 4,200,000 | As Is | 4/25/2024 | 0.0% | 4/18/2024 | NAP | ||||
15 | Loan | 9, 10, 26, 37 | 1 | Saks Beverly Hills | 13.3% | 200,000,000 | As Is | 3/9/2024 | 45.0% | 45.0% | 100.0% | 7/5/2024 | Yes |
16 | Loan | 11, 18, 19, 23, 34 | 5 | Rechler Industrial Portfolio - A | 9.0% | 44,300,000 | As Is | 4/25/2024 | 51.5% | 51.5% | 100.0% | ||
16.01 | Property | 1 | 1101 Lakeland Avenue | 17,300,000 | As Is | 4/25/2024 | 100.0% | 4/18/2024 | No | ||||
16.02 | Property | 1 | 20 Oser Avenue | 10,000,000 | As Is | 4/25/2024 | 100.0% | 4/18/2024 | No | ||||
16.03 | Property | 1 | 185 Oser Avenue | 6,400,000 | As Is | 4/25/2024 | 100.0% | 7/6/2024 | Yes | ||||
16.04 | Property | 1 | 73 Oser Avenue | 4,800,000 | As Is | 4/25/2024 | 100.0% | 7/6/2024 | Yes | ||||
16.05 | Property | 1 | 135 Fell Court | 5,800,000 | As Is | 4/25/2024 | 100.0% | 7/6/2024 | Yes | ||||
17 | Loan | 33, 37, 38 | 1 | 1042 President Street | 8.3% | 35,600,000 | As Is | 2/27/2024 | 60.7% | 60.7% | 89.1% | 6/10/2024 | NAP |
18 | Loan | 12, 18, 25, 32, 37 | 1 | Eleven13 Apartments | 8.0% | 30,700,000 | As Is | 2/29/2024 | 70.0% | 70.0% | 97.7% | 4/17/2024 | NAP |
19 | Loan | 10, 11, 18, 23 | 5 | Prime Storage - Blue Portfolio | 9.1% | 91,200,000 | As Is | Various | 63.6% | 63.6% | 92.5% | ||
19.01 | Property | 1 | Prime Storage - Union City | 29,000,000 | As Is | 3/25/2024 | 95.4% | 2/29/2024 | NAP | ||||
19.02 | Property | 1 | Prime Storage - Jersey City | 21,500,000 | As Is | 3/25/2024 | 93.3% | 2/29/2024 | NAP | ||||
19.03 | Property | 1 | Prime Storage - Newark | 19,500,000 | As Is | 3/23/2024 | 90.9% | 2/29/2024 | NAP | ||||
19.04 | Property | 1 | Prime Storage - Hoboken | 13,500,000 | As Is | 3/25/2024 | 87.6% | 2/29/2024 | NAP | ||||
19.05 | Property | 1 | Prime Storage - Garfield | 7,700,000 | As Is | 3/23/2024 | 93.0% | 2/29/2024 | NAP | ||||
20 | Loan | 18, 29 | 1 | 419 Lafayette Street | 15.0% | 60,000,000 | As Is | 3/26/2024 | 33.3% | 33.3% | 85.4% | 5/1/2024 | No |
21 | Loan | 12, 18, 19, 29 | 1 | 3575 Cahuenga | 10.2% | 32,000,000 | As Is | 4/5/2024 | 57.2% | 57.2% | 68.9% | 6/1/2024 | No |
22 | Loan | 10, 18, 19, 29, 33, 36, 38 | 1 | Sunroad Centrum | 11.0% | 122,000,000 | As Is | 7/13/2023 | 67.6% | 67.6% | 100.0% | 4/9/2024 | No |
23 | Loan | 1 | Exchange Plaza | 11.7% | 22,000,000 | As Is | 3/6/2024 | 55.0% | 55.0% | 98.7% | 4/2/2024 | No | |
24 | Loan | 27, 37 | 1 | Tesla - Lake Elmo | 12.7% | 23,900,000 | As Is | 3/18/2024 | 49.2% | 49.2% | 100.0% | 7/6/2024 | Yes |
25 | Loan | 18 | 1 | Lauretta Landing | 7.8% | 17,200,000 | As Is | 4/12/2024 | 63.4% | 63.4% | 100.0% | 6/3/2024 | NAP |
26 | Loan | 9, 10, 11, 19, 20, 23, 25, 27, 29, 33, 37, 38 | 20 | GNL Industrial Portfolio | 12.4% | 440,475,000 | As Is | Various | 53.8% | 53.8% | 100.0% | ||
26.01 | Property | 1 | FCA USA - Detroit, MI | 130,900,000 | As Is | 2/29/2024 | 100.0% | 7/6/2024 | Yes | ||||
26.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | 52,000,000 | As Is | 2/29/2024 | 100.0% | 7/6/2024 | Yes | ||||
26.03 | Property | 1 | Follett School - McHenry, IL | 37,600,000 | As Is | 2/28/2024 | 100.0% | 7/6/2024 | Yes | ||||
26.04 | Property | 1 | Shaw Aero - Naples, FL | 21,500,000 | As Is | 3/5/2024 | 100.0% | 7/6/2024 | Yes | ||||
26.05 | Property | 1 | Kuka - Sterling Heights, MI | 19,950,000 | As Is | 2/29/2024 | 100.0% | 7/6/2024 | Yes | ||||
26.06 | Property | 1 | ZF Active Safety - Findlay, OH | 19,450,000 | As Is | 3/1/2024 | 100.0% | 7/6/2024 | Yes | ||||
26.07 | Property | 1 | CF Sauer - 184 Suburban | 18,000,000 | As Is | 3/1/2024 | 100.0% | 7/6/2024 | Yes | ||||
26.08 | Property | 1 | CF Sauer - 728 N Main St. | 17,900,000 | As Is | 2/29/2024 | 100.0% | 7/6/2024 | Yes | ||||
26.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | 16,050,000 | As Is | 2/28/2024 | 100.0% | 7/6/2024 | Yes | ||||
26.10 | Property | 1 | Hannibal - Houston, TX | 15,900,000 | As Is | 2/28/2024 | 100.0% | 7/6/2024 | Yes | ||||
26.11 | Property | 1 | FedEx IV - Lexington, KY | 14,700,000 | As Is | 3/7/2024 | 100.0% | 7/6/2024 | Yes | ||||
26.12 | Property | 1 | VersaFlex - Kansas City, KS | 13,450,000 | As Is | 3/4/2024 | 100.0% | 7/6/2024 | Yes |
A-1-17 |
Benchmark 2024-V8 - Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Underwritten NCF Debt Yield (%) | Appraised Value ($) | Appraised Value Type | Appraisal Date | Cut-off Date LTV Ratio (%) | LTV Ratio at Maturity / ARD (%) | Leased Occupancy (%) | Occupancy Date | Single Tenant (Y/N) |
10 | 20 | 20 | 10, 20 | 10, 20 | 5, 12, 26, 27 | ||||||||
26.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | 11,900,000 | As Is | 2/28/2024 | 100.0% | 7/6/2024 | Yes | ||||
26.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | 11,300,000 | As Is | 3/1/2024 | 100.0% | 7/6/2024 | Yes | ||||
26.15 | Property | 1 | CSTK - St. Louis, MO | 11,200,000 | As Is | 2/29/2024 | 100.0% | 7/6/2024 | Yes | ||||
26.16 | Property | 1 | CF Sauer - 39 S Park Dr. | 11,000,000 | As Is | 2/29/2024 | 100.0% | 7/6/2024 | Yes | ||||
26.17 | Property | 1 | AM Castle - Wichita, KS | 10,600,000 | As Is | 3/5/2024 | 100.0% | 7/6/2024 | Yes | ||||
26.18 | Property | 1 | CF Sauer - 9 Old Mill Road | 5,800,000 | As Is | 2/29/2024 | 100.0% | 7/6/2024 | Yes | ||||
26.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | 775,000 | As Is | 3/4/2024 | 100.0% | 7/6/2024 | Yes | ||||
26.20 | Property | 1 | CF Sauer - 513 West Butler Road | 500,000 | As Is | 2/29/2024 | 100.0% | 7/6/2024 | Yes | ||||
27 | Loan | 18 | 1 | Madison on Mercer | 11.4% | 12,800,000 | As Is | 4/11/2024 | 63.3% | 63.3% | 94.7% | 5/22/2024 | NAP |
28 | Loan | 33 | 1 | Silvernail Plaza | 10.7% | 12,800,000 | As Is | 5/22/2024 | 63.3% | 63.3% | 93.7% | 3/1/2024 | No |
29 | Loan | 37, 38 | 1 | 536 East 183rd Street | 15.1% | 16,650,000 | As Is | 4/12/2024 | 48.0% | 48.0% | 94.7% | 5/6/2024 | NAP |
30 | Loan | 37 | 1 | 302 Graham Avenue | 8.2% | 11,850,000 | As Is | 3/29/2024 | 67.5% | 67.5% | 100.0% | 5/16/2024 | NAP |
31 | Loan | 1 | Woodbury Gardens | 10.1% | 12,200,000 | As Is | 4/4/2024 | 60.7% | 60.7% | 100.0% | 5/15/2024 | NAP | |
32 | Loan | 1 | 49 South Clinton Street | 8.6% | 11,400,000 | As Is | 4/25/2024 | 64.5% | 64.5% | 98.1% | 5/16/2024 | NAP | |
33 | Loan | 11, 12, 30 | 2 | 371 Broadway & 1776 2nd Avenue Portfolio | 10.2% | 7,900,000 | As Is | 12/18/2023 | 55.7% | 55.7% | 100.0% | ||
33.01 | Property | 1 | 371 Broadway | 4,750,000 | As Is | 12/18/2023 | 100.0% | 7/6/2024 | Yes | ||||
33.02 | Property | 1 | 1776 2nd Avenue | 3,150,000 | As Is | 12/18/2023 | 100.0% | 4/26/2024 | No | ||||
34 | Loan | 1 | Durst CVS Columbus | 10.9% | 4,600,000 | As Is | 3/4/2024 | 65.2% | 65.2% | 100.0% | 7/6/2024 | Yes | |
35 | Loan | 9 | 1 | 3533 Barnes | 10.5% | 3,700,000 | As Is | 3/28/2024 | 64.9% | 64.9% | 100.0% | 4/15/2024 | NAP |
A-1-18 |
Benchmark 2024-V8 - Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Largest Tenant | Largest Tenant SF | Largest Tenant % of NRA | Largest Tenant Lease Expiration Date | Second Largest Tenant | Second Largest Tenant SF | Second Largest Tenant % of NRA | Second Largest Tenant Lease Expiration Date |
28, 29, 30 | 28, 29, 30 | 28, 29, 30 | 6, 28, 29, 30 | 28, 29, 30 | 28, 29, 30 | 28, 29, 30 | 6, 28, 29, 30 | |||||
1 | Loan | 9, 10, 13, 15, 23, 26, 29, 33, 38 | 1 | 640 5th Avenue | Victoria's Secret | 63,779 | 20.3% | 1/31/2032 | Fidelity Real Estate Company | 40,615 | 12.9% | 11/30/2026 |
2 | Loan | 18, 25, 28, 38 | 1 | City Creek Center | H&M | 26,362 | 8.1% | 1/31/2028 | Gap Kids | 12,641 | 3.9% | 6/30/2024 |
3 | Loan | 9, 10, 18 | 1 | Showcase I | FlyOver | 41,108 | 22.7% | 8/31/2034 | M&M World | 31,025 | 17.2% | 8/31/2040 |
4 | Loan | 9, 25, 27, 38 | 1 | Sugarloaf Mills | Bass Pro Shops Outdoor World | 122,670 | 10.4% | 10/31/2026 | Medieval Times | 87,200 | 7.4% | 7/31/2026 |
5 | Loan | 19, 33, 38 | 1 | Hilton Garden Inn & Canopy – Chicago Central Loop | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
6 | Loan | 10, 11, 12, 16, 33, 36, 37, 38 | 10 | Bedrock Mixed-Use Portfolio | ||||||||
6.01 | Property | 1 | Trio on Fort Street | LM Manufacturing LLC | 295,974 | 52.5% | 7/31/2030 | Diversified Synergies LLC | 189,358 | 33.6% | 8/31/2027 | |
6.02 | Property | 1 | 28 Grand Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
6.03 | Property | 1 | Madison Building | Detroit Venture Partners LLC | 20,057 | 34.1% | 1/31/2027 | Madison Hospitality | 18,702 | 31.8% | 12/31/2035 | |
6.04 | Property | 1 | 1274 Library Street | Hudson Real Property LLC | 6,253 | 15.4% | 12/31/2025 | Barton Malow Company | 6,217 | 15.3% | 11/30/2025 | |
6.05 | Property | 1 | The Ferguson Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
6.06 | Property | 1 | Lofts of Merchant Row | Nike Retail Services Inc. | 22,195 | 43.5% | 5/31/2026 | Hudson Business Enterprises | 5,864 | 11.5% | 8/31/2028 | |
6.07 | Property | 1 | 620 and 630 Woodward Avenue | Bedrock Management Services LLC | 25,783 | 65.1% | 6/30/2027 | Chipotle | 3,800 | 9.6% | 3/31/2034 | |
6.08 | Property | 1 | The Globe Building | Hello Innovation Inc. | 11,202 | 23.7% | 6/30/2025 | TPG Holding LLC | 4,388 | 9.3% | 2/28/2025 | |
6.09 | Property | 1 | 1500 Woodward Avenue | Kenneth Neumann/Joel Smith & Associates Inc. | 6,196 | 28.5% | 12/31/2025 | August Pask Partners LLC | 6,158 | 28.4% | 1/31/2025 | |
6.10 | Property | 1 | Fourteen56 Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
7 | Loan | 10, 12, 18 | 1 | University Pointe | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
8 | Loan | 18, 37, 38 | 1 | Soldier Hill Commons | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
9 | Loan | 18, 23, 29, 36 | 1 | The Light Building | 90th Shadows Edge - Chenega | 28,263 | 19.2% | 2/28/2027 | Hearst Corporation | 22,794 | 15.4% | 10/31/2032 |
10 | Loan | 9, 10, 19, 20 | 1 | 488 Madison | Archdiocese Of New York | 142,308 | 29.6% | 8/31/2055 | Thompson Coburn LLP | 44,825 | 9.3% | 6/30/2027 |
11 | Loan | 9, 10, 12, 18, 28, 31, 38 | 1 | Pleasanton Corporate Commons | 10x Genomics, Inc. | 295,306 | 100.0% | 9/30/2029 | NAP | NAP | NAP | NAP |
12 | Loan | 10, 11, 12, 18, 20, 23, 24, 38 | 2 | Lotus 315 & Essence 144 | ||||||||
12.01 | Property | 1 | Lotus 315 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
12.02 | Property | 1 | Essence 144 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
13 | Loan | 11, 20, 26, 33, 35, 38 | 2 | Farmingdale Hotel Portfolio | ||||||||
13.01 | Property | 1 | Courtyard Marriott | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
13.02 | Property | 1 | TownePlace Suites | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
14 | Loan | 11, 19, 23, 29, 34, 38 | 8 | Rechler Industrial Portfolio - B | ||||||||
14.01 | Property | 1 | 2001 Orville Drive North | Europastry USA, Inc. | 72,000 | 100.0% | 12/31/2033 | NAP | NAP | NAP | NAP | |
14.02 | Property | 1 | 90 Plant Avenue | Appliance World of Huntington | 41,350 | 55.2% | 11/30/2028 | Amsco Valley Forge | 24,000 | 32.0% | 12/31/2027 | |
14.03 | Property | 1 | 740 Old Willets Path | Long Island Electric Utility Servco | 14,165 | 46.9% | 12/31/2026 | SMSB Consulting Group | 13,094 | 43.4% | 4/30/2027 | |
14.04 | Property | 1 | 180 Orville Drive | Loomstate, LLC | 18,600 | 48.9% | 8/31/2026 | AC Electrical Supplies | 11,253 | 29.6% | 7/31/2028 | |
14.05 | Property | 1 | 104 Parkway Drive South | Gamus, LLC | 27,736 | 100.0% | 5/31/2028 | NAP | NAP | NAP | NAP | |
14.06 | Property | 1 | 85 Adams Avenue | Peerless Electronics | 20,000 | 100.0% | 4/30/2029 | NAP | NAP | NAP | NAP | |
14.07 | Property | 1 | 225 Oser Avenue | Schaltbau North America, Inc. | 9,960 | 100.0% | 12/31/2025 | NAP | NAP | NAP | NAP | |
14.08 | Property | 1 | 611 Old Willets Path | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
15 | Loan | 9, 10, 26, 37 | 1 | Saks Beverly Hills | Saks Fifth Avenue | 114,978 | 100.0% | 2/28/2049 | NAP | NAP | NAP | NAP |
16 | Loan | 11, 18, 19, 23, 34 | 5 | Rechler Industrial Portfolio - A | ||||||||
16.01 | Property | 1 | 1101 Lakeland Avenue | BBB Industries, LLC | 34,417 | 36.5% | 12/31/2025 | True North Community Church | 32,460 | 34.5% | 6/30/2026 | |
16.02 | Property | 1 | 20 Oser Avenue | MVS Mailers, Inc. | 21,065 | 50.1% | 9/30/2030 | Festo Corporation | 14,000 | 33.3% | 11/30/2025 | |
16.03 | Property | 1 | 185 Oser Avenue | PreCare Corp | 29,900 | 100.0% | 2/28/2031 | NAP | NAP | NAP | NAP | |
16.04 | Property | 1 | 73 Oser Avenue | Parts Authority, LLC | 20,000 | 100.0% | 6/30/2031 | NAP | NAP | NAP | NAP | |
16.05 | Property | 1 | 135 Fell Court | Vicon Industries, Inc | 30,185 | 100.0% | 3/31/2027 | NAP | NAP | NAP | NAP | |
17 | Loan | 33, 37, 38 | 1 | 1042 President Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
18 | Loan | 12, 18, 25, 32, 37 | 1 | Eleven13 Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
19 | Loan | 10, 11, 18, 23 | 5 | Prime Storage - Blue Portfolio | ||||||||
19.01 | Property | 1 | Prime Storage - Union City | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
19.02 | Property | 1 | Prime Storage - Jersey City | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
19.03 | Property | 1 | Prime Storage - Newark | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
19.04 | Property | 1 | Prime Storage - Hoboken | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
19.05 | Property | 1 | Prime Storage - Garfield | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
20 | Loan | 18, 29 | 1 | 419 Lafayette Street | New York Shakespeare Festival | 9,350 | 12.4% | 2/28/2029 | M13 Holdings Company, LLC | 9,350 | 12.4% | 2/28/2034 |
21 | Loan | 12, 18, 19, 29 | 1 | 3575 Cahuenga | Advanced Digital Services, Inc. | 24,146 | 15.2% | 11/30/2029 | Wild Woods, Inc. | 13,954 | 8.8% | 10/31/2028 |
22 | Loan | 10, 18, 19, 29, 33, 36, 38 | 1 | Sunroad Centrum | General Services Administration | 120,209 | 43.8% | 5/31/2044 | Cypress Insurance Company | 34,065 | 12.4% | 12/31/2029 |
23 | Loan | 1 | Exchange Plaza | Lamson Institute | 57,256 | 39.9% | 9/30/2039 | Cornerstone Fitness | 41,476 | 28.9% | 12/31/2031 | |
24 | Loan | 27, 37 | 1 | Tesla - Lake Elmo | Tesla, Inc. | 50,000 | 100.0% | 5/31/2039 | NAP | NAP | NAP | NAP |
25 | Loan | 18 | 1 | Lauretta Landing | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
26 | Loan | 9, 10, 11, 19, 20, 23, 25, 27, 29, 33, 37, 38 | 20 | GNL Industrial Portfolio | ||||||||
26.01 | Property | 1 | FCA USA - Detroit, MI | Fiat Chrysler | 997,022 | 100.0% | 7/2/2030 | NAP | NAP | NAP | NAP | |
26.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | Grupo Antolin | 359,807 | 100.0% | 10/31/2032 | NAP | NAP | NAP | NAP | |
26.03 | Property | 1 | Follett School - McHenry, IL | Follett School Solutions | 486,868 | 100.0% | 12/31/2029 | NAP | NAP | NAP | NAP | |
26.04 | Property | 1 | Shaw Aero - Naples, FL | Shaw Aero Devices | 130,581 | 100.0% | 12/31/2032 | NAP | NAP | NAP | NAP | |
26.05 | Property | 1 | Kuka - Sterling Heights, MI | KUKA Systems | 200,000 | 100.0% | 6/30/2034 | NAP | NAP | NAP | NAP | |
26.06 | Property | 1 | ZF Active Safety - Findlay, OH | ZF Active Safety | 216,300 | 100.0% | 10/31/2033 | NAP | NAP | NAP | NAP | |
26.07 | Property | 1 | CF Sauer - 184 Suburban | Sauer Brands | 106,066 | 100.0% | 7/31/2039 | NAP | NAP | NAP | NAP | |
26.08 | Property | 1 | CF Sauer - 728 N Main St. | Sauer Brands | 247,000 | 100.0% | 7/31/2039 | NAP | NAP | NAP | NAP | |
26.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | Walgreens | 85,646 | 100.0% | 11/30/2030 | NAP | NAP | NAP | NAP | |
26.10 | Property | 1 | Hannibal - Houston, TX | Hannibal Industries | 109,000 | 100.0% | 9/30/2029 | NAP | NAP | NAP | NAP | |
26.11 | Property | 1 | FedEx IV - Lexington, KY | FedEx Ground | 138,487 | 100.0% | 4/30/2032 | NAP | NAP | NAP | NAP | |
26.12 | Property | 1 | VersaFlex - Kansas City, KS | VersaFlex | 113,000 | 100.0% | 12/31/2038 | NAP | NAP | NAP | NAP |
A-1-19 |
Benchmark 2024-V8 - Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Largest Tenant | Largest Tenant SF | Largest Tenant % of NRA | Largest Tenant Lease Expiration Date | Second Largest Tenant | Second Largest Tenant SF | Second Largest Tenant % of NRA | Second Largest Tenant Lease Expiration Date |
28, 29, 30 | 28, 29, 30 | 28, 29, 30 | 6, 28, 29, 30 | 28, 29, 30 | 28, 29, 30 | 28, 29, 30 | 6, 28, 29, 30 | |||||
26.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | Cott Beverages | 170,000 | 100.0% | 1/31/2027 | NAP | NAP | NAP | NAP | |
26.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | Dunlop Protective Footwear | 120,000 | 100.0% | 1/17/2031 | NAP | NAP | NAP | NAP | |
26.15 | Property | 1 | CSTK - St. Louis, MO | Central States Thermo King | 56,029 | 100.0% | 3/25/2030 | NAP | NAP | NAP | NAP | |
26.16 | Property | 1 | CF Sauer - 39 S Park Dr. | Sauer Brands | 152,000 | 100.0% | 7/31/2039 | NAP | NAP | NAP | NAP | |
26.17 | Property | 1 | AM Castle - Wichita, KS | A.M. Castle & Co | 127,600 | 100.0% | 10/31/2029 | NAP | NAP | NAP | NAP | |
26.18 | Property | 1 | CF Sauer - 9 Old Mill Road | Sauer Brands | 80,000 | 100.0% | 7/31/2039 | NAP | NAP | NAP | NAP | |
26.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | Sauer Brands | 6,900 | 100.0% | 7/31/2039 | NAP | NAP | NAP | NAP | |
26.20 | Property | 1 | CF Sauer - 513 West Butler Road | Sauer Brands | 6,000 | 100.0% | 7/31/2039 | NAP | NAP | NAP | NAP | |
27 | Loan | 18 | 1 | Madison on Mercer | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
28 | Loan | 33 | 1 | Silvernail Plaza | Metro Market | 63,033 | 54.3% | 12/31/2027 | Dollar Tree Stores | 11,095 | 9.6% | 2/28/2026 |
29 | Loan | 37, 38 | 1 | 536 East 183rd Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
30 | Loan | 37 | 1 | 302 Graham Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
31 | Loan | 1 | Woodbury Gardens | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
32 | Loan | 1 | 49 South Clinton Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
33 | Loan | 11, 12, 30 | 2 | 371 Broadway & 1776 2nd Avenue Portfolio | ||||||||
33.01 | Property | 1 | 371 Broadway | Hanwha Foundation of Culture | 3,662 | 100.0% | 7/16/2034 | NAP | NAP | NAP | NAP | |
33.02 | Property | 1 | 1776 2nd Avenue | FreeStyler Hair Salon | 1,650 | 51.6% | 9/30/2029 | Able Nail & Spa | 1,550 | 48.4% | 7/31/2028 | |
34 | Loan | 1 | Durst CVS Columbus | CVS | 10,125 | 100.0% | 1/31/2028 | NAP | NAP | NAP | NAP | |
35 | Loan | 9 | 1 | 3533 Barnes | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
A-1-20 |
Benchmark 2024-V8 - Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Third Largest Tenant | Third Largest Tenant SF | Third Largest Tenant % of NRA | Third Largest Tenant Lease Expiration Date | Fourth Largest Tenant | Fourth Largest Tenant SF | Fourth Largest Tenant % of NRA | Fourth Largest Tenant Lease Expiration Date |
28, 29, 30 | 28, 29, 30 | 28, 29, 30 | 6, 28, 29, 30 | 30 | 30 | 30 | 6, 30 | |||||
1 | Loan | 9, 10, 13, 15, 23, 26, 29, 33, 38 | 1 | 640 5th Avenue | The Klein Group, LLC | 30,103 | 9.6% | 4/14/2034 | Abbot Capital Management | 20,019 | 6.4% | 12/31/2032 |
2 | Loan | 18, 25, 28, 38 | 1 | City Creek Center | Anthropologie | 12,041 | 3.7% | 9/30/2027 | Cheesecake Factory | 11,971 | 3.7% | 1/31/2033 |
3 | Loan | 9, 10, 18 | 1 | Showcase I | Marshalls | 30,624 | 16.9% | 1/31/2029 | Coca Cola | 18,597 | 10.3% | 12/31/2029 |
4 | Loan | 9, 25, 27, 38 | 1 | Sugarloaf Mills | Burlington | 79,850 | 6.8% | 1/31/2027 | AMC Theatres | 74,693 | 6.3% | 12/31/2024 |
5 | Loan | 19, 33, 38 | 1 | Hilton Garden Inn & Canopy – Chicago Central Loop | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
6 | Loan | 10, 11, 12, 16, 33, 36, 37, 38 | 10 | Bedrock Mixed-Use Portfolio | ||||||||
6.01 | Property | 1 | Trio on Fort Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
6.02 | Property | 1 | 28 Grand Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
6.03 | Property | 1 | Madison Building | Rockbridge Growth Equity LLC | 9,780 | 16.6% | 12/31/2029 | Buddy's Downtown Detroit, LLC | 7,977 | 13.6% | 5/31/2030 | |
6.04 | Property | 1 | 1274 Library Street | Deluxx Fluxx Detroit LLC | 4,623 | 11.4% | 8/31/2028 | Gucci America Inc. | 3,611 | 8.9% | 7/31/2032 | |
6.05 | Property | 1 | The Ferguson Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
6.06 | Property | 1 | Lofts of Merchant Row | TEK-Adams Foods LLC | 4,768 | 9.4% | 8/31/2031 | 6 Detroit LLC | 3,871 | 7.6% | 11/30/2024 | |
6.07 | Property | 1 | 620 and 630 Woodward Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
6.08 | Property | 1 | The Globe Building | F.H. Paschen, S.N. Nielson & Associates LLC | 3,665 | 7.7% | 12/31/2025 | Whiting-Turner Contracting Company | 2,081 | 4.4% | 5/31/2027 | |
6.09 | Property | 1 | 1500 Woodward Avenue | Greyson Clothiers LLC | 5,627 | 25.9% | 11/30/2029 | 1500 Wright LLC Ret | 3,107 | 14.3% | 7/31/2029 | |
6.10 | Property | 1 | Fourteen56 Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
7 | Loan | 10, 12, 18 | 1 | University Pointe | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
8 | Loan | 18, 37, 38 | 1 | Soldier Hill Commons | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
9 | Loan | 18, 23, 29, 36 | 1 | The Light Building | Third Coast Bank | 21,386 | 14.5% | 5/31/2034 | SCIF - GSS | 19,962 | 13.5% | 8/31/2043 |
10 | Loan | 9, 10, 19, 20 | 1 | 488 Madison | Shawmut, Group, Inc. | 27,015 | 5.6% | 12/31/2038 | Sportfive Americas LLC | 18,765 | 3.9% | 7/31/2026 |
11 | Loan | 9, 10, 12, 18, 28, 31, 38 | 1 | Pleasanton Corporate Commons | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
12 | Loan | 10, 11, 12, 18, 20, 23, 24, 38 | 2 | Lotus 315 & Essence 144 | ||||||||
12.01 | Property | 1 | Lotus 315 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
12.02 | Property | 1 | Essence 144 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
13 | Loan | 11, 20, 26, 33, 35, 38 | 2 | Farmingdale Hotel Portfolio | ||||||||
13.01 | Property | 1 | Courtyard Marriott | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
13.02 | Property | 1 | TownePlace Suites | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
14 | Loan | 11, 19, 23, 29, 34, 38 | 8 | Rechler Industrial Portfolio - B | ||||||||
14.01 | Property | 1 | 2001 Orville Drive North | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
14.02 | Property | 1 | 90 Plant Avenue | Applied Technologies of New Year | 9,600 | 12.8% | 6/30/2029 | NAP | NAP | NAP | NAP | |
14.03 | Property | 1 | 740 Old Willets Path | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
14.04 | Property | 1 | 180 Orville Drive | Natech Plastics | 8,150 | 21.4% | 5/31/2027 | NAP | NAP | NAP | NAP | |
14.05 | Property | 1 | 104 Parkway Drive South | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
14.06 | Property | 1 | 85 Adams Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
14.07 | Property | 1 | 225 Oser Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
14.08 | Property | 1 | 611 Old Willets Path | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
15 | Loan | 9, 10, 26, 37 | 1 | Saks Beverly Hills | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
16 | Loan | 11, 18, 19, 23, 34 | 5 | Rechler Industrial Portfolio - A | ||||||||
16.01 | Property | 1 | 1101 Lakeland Avenue | Port Brokers Inc., & Port Air Cargo | 23,583 | 25.0% | 7/31/2027 | United States Postal Service | 3,708 | 3.9% | 8/31/2024 | |
16.02 | Property | 1 | 20 Oser Avenue | Art Guild of Philadelphia | 7,000 | 16.6% | 11/30/2024 | NAP | NAP | NAP | NAP | |
16.03 | Property | 1 | 185 Oser Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
16.04 | Property | 1 | 73 Oser Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
16.05 | Property | 1 | 135 Fell Court | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
17 | Loan | 33, 37, 38 | 1 | 1042 President Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
18 | Loan | 12, 18, 25, 32, 37 | 1 | Eleven13 Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
19 | Loan | 10, 11, 18, 23 | 5 | Prime Storage - Blue Portfolio | ||||||||
19.01 | Property | 1 | Prime Storage - Union City | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
19.02 | Property | 1 | Prime Storage - Jersey City | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
19.03 | Property | 1 | Prime Storage - Newark | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
19.04 | Property | 1 | Prime Storage - Hoboken | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
19.05 | Property | 1 | Prime Storage - Garfield | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
20 | Loan | 18, 29 | 1 | 419 Lafayette Street | Icon 419 Lafayette, LLC | 9,350 | 12.4% | 7/31/2028 | Baton Holdings LLC | 9,350 | 12.4% | 11/15/2025 |
21 | Loan | 12, 18, 19, 29 | 1 | 3575 Cahuenga | Corepower Yoga | 9,440 | 5.9% | 2/20/2028 | Lightbox Entertainment | 6,905 | 4.3% | 11/14/2024 |
22 | Loan | 10, 18, 19, 29, 33, 36, 38 | 1 | Sunroad Centrum | Employment Development Department (EDD) | 27,536 | 10.0% | 10/31/2032 | AppFolio | 25,300 | 9.2% | 1/31/2033 |
23 | Loan | 1 | Exchange Plaza | Octapharma Plasma | 14,594 | 10.2% | 8/31/2026 | Pockets River City | 14,000 | 9.8% | 6/30/2029 | |
24 | Loan | 27, 37 | 1 | Tesla - Lake Elmo | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
25 | Loan | 18 | 1 | Lauretta Landing | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
26 | Loan | 9, 10, 11, 19, 20, 23, 25, 27, 29, 33, 37, 38 | 20 | GNL Industrial Portfolio | ||||||||
26.01 | Property | 1 | FCA USA - Detroit, MI | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
26.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
26.03 | Property | 1 | Follett School - McHenry, IL | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
26.04 | Property | 1 | Shaw Aero - Naples, FL | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
26.05 | Property | 1 | Kuka - Sterling Heights, MI | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
26.06 | Property | 1 | ZF Active Safety - Findlay, OH | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
26.07 | Property | 1 | CF Sauer - 184 Suburban | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
26.08 | Property | 1 | CF Sauer - 728 N Main St. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
26.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
26.10 | Property | 1 | Hannibal - Houston, TX | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
26.11 | Property | 1 | FedEx IV - Lexington, KY | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
26.12 | Property | 1 | VersaFlex - Kansas City, KS | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
A-1-21 |
Benchmark 2024-V8 - Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Third Largest Tenant | Third Largest Tenant SF | Third Largest Tenant % of NRA | Third Largest Tenant Lease Expiration Date | Fourth Largest Tenant | Fourth Largest Tenant SF | Fourth Largest Tenant % of NRA | Fourth Largest Tenant Lease Expiration Date |
28, 29, 30 | 28, 29, 30 | 28, 29, 30 | 6, 28, 29, 30 | 30 | 30 | 30 | 6, 30 | |||||
26.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
26.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
26.15 | Property | 1 | CSTK - St. Louis, MO | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
26.16 | Property | 1 | CF Sauer - 39 S Park Dr. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
26.17 | Property | 1 | AM Castle - Wichita, KS | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
26.18 | Property | 1 | CF Sauer - 9 Old Mill Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
26.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
26.20 | Property | 1 | CF Sauer - 513 West Butler Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
27 | Loan | 18 | 1 | Madison on Mercer | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
28 | Loan | 33 | 1 | Silvernail Plaza | Blue Rose Studios LLC | 9,066 | 7.8% | 6/30/2028 | Tap in Golf Bar | 6,776 | 5.8% | 10/31/2028 |
29 | Loan | 37, 38 | 1 | 536 East 183rd Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
30 | Loan | 37 | 1 | 302 Graham Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
31 | Loan | 1 | Woodbury Gardens | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
32 | Loan | 1 | 49 South Clinton Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
33 | Loan | 11, 12, 30 | 2 | 371 Broadway & 1776 2nd Avenue Portfolio | ||||||||
33.01 | Property | 1 | 371 Broadway | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
33.02 | Property | 1 | 1776 2nd Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
34 | Loan | 1 | Durst CVS Columbus | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
35 | Loan | 9 | 1 | 3533 Barnes | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
A-1-22 |
Benchmark 2024-V8 - Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Fifth Largest Tenant | Fifth Largest Tenant SF | Fifth Largest Tenant % of NRA | Fifth Largest Tenant Lease Expiration Date | Environmental Phase I Report Date | Environmental Phase II Report Date | Engineering Report Date | Seismic Report Date | PML or SEL (%) | Flood Zone |
28, 29, 30 | 28, 29, 30 | 28, 29, 30 | 6, 28, 29, 30 | |||||||||||
1 | Loan | 9, 10, 13, 15, 23, 26, 29, 33, 38 | 1 | 640 5th Avenue | Buchanan Ingersoll & Rooney | 16,816 | 5.3% | 1/31/2029 | 4/17/2024 | NAP | 4/12/2024 | NAP | NAP | No |
2 | Loan | 18, 25, 28, 38 | 1 | City Creek Center | Restoration Hardware | 11,522 | 3.5% | 7/31/2024 | 3/4/2024 | NAP | 3/4/2024 | 3/7/2024 | 7% | No |
3 | Loan | 9, 10, 18 | 1 | Showcase I | Showcase Food Court | 14,737 | 8.1% | 9/30/2038 | 4/4/2024 | NAP | 4/5/2024 | NAP | NAP | No |
4 | Loan | 9, 25, 27, 38 | 1 | Sugarloaf Mills | Dave & Buster's | 61,160 | 5.2% | 5/31/2026 | 3/4/2024 | NAP | 3/1/2024 | NAP | NAP | No |
5 | Loan | 19, 33, 38 | 1 | Hilton Garden Inn & Canopy – Chicago Central Loop | NAP | NAP | NAP | NAP | 3/25/2024 | NAP | 3/25/2024 | NAP | NAP | No |
6 | Loan | 10, 11, 12, 16, 33, 36, 37, 38 | 10 | Bedrock Mixed-Use Portfolio | ||||||||||
6.01 | Property | 1 | Trio on Fort Street | NAP | NAP | NAP | NAP | 3/18/2024 | NAP | 3/13/2024 | NAP | NAP | No | |
6.02 | Property | 1 | 28 Grand Apartments | NAP | NAP | NAP | NAP | 3/11/2024 | NAP | 3/11/2024 | NAP | NAP | No | |
6.03 | Property | 1 | Madison Building | Ferndale Project LLC | 890 | 1.5% | 1/31/2025 | 3/11/2024 | NAP | 3/8/2024 | NAP | NAP | No | |
6.04 | Property | 1 | 1274 Library Street | Library Street Collective LLC | 1,354 | 3.3% | 2/28/2031 | 3/11/2024 | NAP | 3/8/2024 | NAP | NAP | No | |
6.05 | Property | 1 | The Ferguson Apartments | NAP | NAP | NAP | NAP | 3/11/2024 | NAP | 3/11/2024 | NAP | NAP | No | |
6.06 | Property | 1 | Lofts of Merchant Row | Laughter In The Sun LLC | 2,939 | 5.8% | 11/30/2024 | 3/11/2024 | NAP | 3/8/2024 | NAP | NAP | No | |
6.07 | Property | 1 | 620 and 630 Woodward Avenue | NAP | NAP | NAP | NAP | 3/11/2024 | NAP | 3/8/2024 | NAP | NAP | No | |
6.08 | Property | 1 | The Globe Building | Lord Aeck Sargent Planning & Design Inc. | 1,832 | 3.9% | 3/31/2027 | 3/11/2024 | NAP | 3/8/2024 | NAP | NAP | No | |
6.09 | Property | 1 | 1500 Woodward Avenue | 1500 Wright LLC Oth | 615 | 2.8% | 7/31/2029 | 3/11/2024 | NAP | 3/12/2024 | NAP | NAP | No | |
6.10 | Property | 1 | Fourteen56 Apartments | NAP | NAP | NAP | NAP | 3/11/2024 | NAP | 3/11/2024 | NAP | NAP | No | |
7 | Loan | 10, 12, 18 | 1 | University Pointe | NAP | NAP | NAP | NAP | 2/16/2024 | NAP | 2/15/2024 | NAP | NAP | Yes - AH |
8 | Loan | 18, 37, 38 | 1 | Soldier Hill Commons | NAP | NAP | NAP | NAP | 4/15/2024 | NAP | 4/15/2024 | NAP | NAP | No |
9 | Loan | 18, 23, 29, 36 | 1 | The Light Building | Namauu Corp dba LevelUp | 18,830 | 12.8% | 5/31/2028 | 6/19/2023 | NAP | 6/16/2023 | NAP | NAP | No |
10 | Loan | 9, 10, 19, 20 | 1 | 488 Madison | Shanholt Glassman Klein Kramer & Co. CPA'S P.C. | 16,648 | 3.5% | 9/30/2033 | 4/2/2024 | NAP | 4/2/2024 | NAP | NAP | No |
11 | Loan | 9, 10, 12, 18, 28, 31, 38 | 1 | Pleasanton Corporate Commons | NAP | NAP | NAP | NAP | 1/19/2024 | NAP | 1/19/2024 | 1/19/2024 | 7% | No |
12 | Loan | 10, 11, 12, 18, 20, 23, 24, 38 | 2 | Lotus 315 & Essence 144 | ||||||||||
12.01 | Property | 1 | Lotus 315 | NAP | NAP | NAP | NAP | 5/2/2024 | NAP | 5/2/2024 | NAP | NAP | No | |
12.02 | Property | 1 | Essence 144 | NAP | NAP | NAP | NAP | 5/2/2024 | NAP | 5/2/2024 | NAP | NAP | No | |
13 | Loan | 11, 20, 26, 33, 35, 38 | 2 | Farmingdale Hotel Portfolio | ||||||||||
13.01 | Property | 1 | Courtyard Marriott | NAP | NAP | NAP | NAP | 1/19/2024 | NAP | 1/19/2024 | NAP | NAP | No | |
13.02 | Property | 1 | TownePlace Suites | NAP | NAP | NAP | NAP | 1/19/2024 | NAP | 1/19/2024 | NAP | NAP | No | |
14 | Loan | 11, 19, 23, 29, 34, 38 | 8 | Rechler Industrial Portfolio - B | ||||||||||
14.01 | Property | 1 | 2001 Orville Drive North | NAP | NAP | NAP | NAP | 4/26/2024 | NAP | 4/26/2024 | NAP | NAP | No | |
14.02 | Property | 1 | 90 Plant Avenue | NAP | NAP | NAP | NAP | 4/26/2024 | NAP | 4/26/2024 | NAP | NAP | No | |
14.03 | Property | 1 | 740 Old Willets Path | NAP | NAP | NAP | NAP | 4/26/2024 | NAP | 4/26/2024 | NAP | NAP | No | |
14.04 | Property | 1 | 180 Orville Drive | NAP | NAP | NAP | NAP | 4/26/2024 | NAP | 4/26/2024 | NAP | NAP | No | |
14.05 | Property | 1 | 104 Parkway Drive South | NAP | NAP | NAP | NAP | 4/29/2024 | NAP | 4/26/2024 | NAP | NAP | No | |
14.06 | Property | 1 | 85 Adams Avenue | NAP | NAP | NAP | NAP | 4/26/2024 | NAP | 5/1/2024 | NAP | NAP | No | |
14.07 | Property | 1 | 225 Oser Avenue | NAP | NAP | NAP | NAP | 4/26/2024 | NAP | 4/26/2024 | NAP | NAP | No | |
14.08 | Property | 1 | 611 Old Willets Path | NAP | NAP | NAP | NAP | 4/26/2024 | NAP | 4/26/2024 | NAP | NAP | No | |
15 | Loan | 9, 10, 26, 37 | 1 | Saks Beverly Hills | NAP | NAP | NAP | NAP | 3/13/2024 | NAP | 3/14/2024 | 3/13/2024 | 16% | No |
16 | Loan | 11, 18, 19, 23, 34 | 5 | Rechler Industrial Portfolio - A | ||||||||||
16.01 | Property | 1 | 1101 Lakeland Avenue | NAP | NAP | NAP | NAP | 4/25/2024 | NAP | 4/25/2024 | NAP | NAP | No | |
16.02 | Property | 1 | 20 Oser Avenue | NAP | NAP | NAP | NAP | 4/26/2024 | NAP | 5/1/2024 | NAP | NAP | No | |
16.03 | Property | 1 | 185 Oser Avenue | NAP | NAP | NAP | NAP | 4/26/2024 | NAP | 4/26/2024 | NAP | NAP | No | |
16.04 | Property | 1 | 73 Oser Avenue | NAP | NAP | NAP | NAP | 4/25/2024 | NAP | 4/25/2024 | NAP | NAP | No | |
16.05 | Property | 1 | 135 Fell Court | NAP | NAP | NAP | NAP | 4/26/2024 | NAP | 5/1/2024 | NAP | NAP | No | |
17 | Loan | 33, 37, 38 | 1 | 1042 President Street | NAP | NAP | NAP | NAP | 2/23/2024 | NAP | 2/23/2024 | NAP | NAP | No |
18 | Loan | 12, 18, 25, 32, 37 | 1 | Eleven13 Apartments | NAP | NAP | NAP | NAP | 4/4/2024 | NAP | 4/18/2024 | NAP | NAP | No |
19 | Loan | 10, 11, 18, 23 | 5 | Prime Storage - Blue Portfolio | ||||||||||
19.01 | Property | 1 | Prime Storage - Union City | NAP | NAP | NAP | NAP | 1/12/2024 | NAP | 1/16/2024 | NAP | NAP | No | |
19.02 | Property | 1 | Prime Storage - Jersey City | NAP | NAP | NAP | NAP | 1/12/2024 | NAP | 1/12/2024 | NAP | NAP | No | |
19.03 | Property | 1 | Prime Storage - Newark | NAP | NAP | NAP | NAP | 1/12/2024 | NAP | 1/12/2024 | NAP | NAP | No | |
19.04 | Property | 1 | Prime Storage - Hoboken | NAP | NAP | NAP | NAP | 1/16/2024 | NAP | 1/16/2024 | NAP | NAP | Yes - AE | |
19.05 | Property | 1 | Prime Storage - Garfield | NAP | NAP | NAP | NAP | 1/12/2024 | NAP | 1/12/2024 | NAP | NAP | Yes - AE | |
20 | Loan | 18, 29 | 1 | 419 Lafayette Street | Barking Labs Corp. | 9,350 | 12.4% | 5/31/2025 | 4/9/2024 | NAP | 4/9/2024 | NAP | NAP | No |
21 | Loan | 12, 18, 19, 29 | 1 | 3575 Cahuenga | C Library Inc | 6,637 | 4.2% | 11/30/2038 | 7/20/2023 | NAP | 7/19/2023 | 7/19/2023 | 14% | No |
22 | Loan | 10, 18, 19, 29, 33, 36, 38 | 1 | Sunroad Centrum | Sunroad Asset Management | 24,879 | 9.1% | 4/30/2032 | 7/27/2023 | NAP | 7/27/2023 | 7/27/2023 | 6% | No |
23 | Loan | 1 | Exchange Plaza | Jason's Deli | 4,896 | 3.4% | 12/31/2025 | 3/15/2024 | NAP | 3/15/2024 | NAP | NAP | No | |
24 | Loan | 27, 37 | 1 | Tesla - Lake Elmo | NAP | NAP | NAP | NAP | 3/26/2024 | NAP | 3/21/2024 | NAP | NAP | No |
25 | Loan | 18 | 1 | Lauretta Landing | NAP | NAP | NAP | NAP | 4/16/2024 | NAP | 4/17/2024 | 4/16/2024 | 5% | No |
26 | Loan | 9, 10, 11, 19, 20, 23, 25, 27, 29, 33, 37, 38 | 20 | GNL Industrial Portfolio | ||||||||||
26.01 | Property | 1 | FCA USA - Detroit, MI | NAP | NAP | NAP | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | No | |
26.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | NAP | NAP | NAP | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | No | |
26.03 | Property | 1 | Follett School - McHenry, IL | NAP | NAP | NAP | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | No | |
26.04 | Property | 1 | Shaw Aero - Naples, FL | NAP | NAP | NAP | NAP | 3/8/2024 | NAP | 3/6/2024 | NAP | NAP | Yes - AE | |
26.05 | Property | 1 | Kuka - Sterling Heights, MI | NAP | NAP | NAP | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | No | |
26.06 | Property | 1 | ZF Active Safety - Findlay, OH | NAP | NAP | NAP | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | No | |
26.07 | Property | 1 | CF Sauer - 184 Suburban | NAP | NAP | NAP | NAP | 3/6/2024 | NAP | 3/6/2024 | 3/6/2024 | 13% | No | |
26.08 | Property | 1 | CF Sauer - 728 N Main St. | NAP | NAP | NAP | NAP | 3/26/2024 | NAP | 3/13/2024 | NAP | NAP | No | |
26.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | NAP | NAP | NAP | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | No | |
26.10 | Property | 1 | Hannibal - Houston, TX | NAP | NAP | NAP | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | No | |
26.11 | Property | 1 | FedEx IV - Lexington, KY | NAP | NAP | NAP | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | No | |
26.12 | Property | 1 | VersaFlex - Kansas City, KS | NAP | NAP | NAP | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | No |
A-1-23 |
Benchmark 2024-V8 - Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Fifth Largest Tenant | Fifth Largest Tenant SF | Fifth Largest Tenant % of NRA | Fifth Largest Tenant Lease Expiration Date | Environmental Phase I Report Date | Environmental Phase II Report Date | Engineering Report Date | Seismic Report Date | PML or SEL (%) | Flood Zone |
28, 29, 30 | 28, 29, 30 | 28, 29, 30 | 6, 28, 29, 30 | |||||||||||
26.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | NAP | NAP | NAP | NAP | 3/6/2024 | NAP | 3/6/2024 | 3/6/2024 | 13% | No | |
26.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | NAP | NAP | NAP | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | No | |
26.15 | Property | 1 | CSTK - St. Louis, MO | NAP | NAP | NAP | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | No | |
26.16 | Property | 1 | CF Sauer - 39 S Park Dr. | NAP | NAP | NAP | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | No | |
26.17 | Property | 1 | AM Castle - Wichita, KS | NAP | NAP | NAP | NAP | 3/26/2024 | NAP | 3/6/2024 | NAP | NAP | No | |
26.18 | Property | 1 | CF Sauer - 9 Old Mill Road | NAP | NAP | NAP | NAP | 3/15/2024 | NAP | 3/6/2024 | NAP | NAP | No | |
26.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | NAP | NAP | NAP | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | No | |
26.20 | Property | 1 | CF Sauer - 513 West Butler Road | NAP | NAP | NAP | NAP | 3/5/2024 | NAP | 3/6/2024 | NAP | NAP | No | |
27 | Loan | 18 | 1 | Madison on Mercer | NAP | NAP | NAP | NAP | 4/29/2024 | NAP | 4/29/2024 | NAP | NAP | No |
28 | Loan | 33 | 1 | Silvernail Plaza | Fredrick's Hallmark | 6,400 | 5.5% | 7/31/2027 | 5/21/2024 | NAP | 5/21/2024 | NAP | NAP | No |
29 | Loan | 37, 38 | 1 | 536 East 183rd Street | NAP | NAP | NAP | NAP | 4/23/2024 | NAP | 4/23/2024 | NAP | NAP | No |
30 | Loan | 37 | 1 | 302 Graham Avenue | NAP | NAP | NAP | NAP | 4/15/2024 | NAP | 4/15/2024 | NAP | NAP | No |
31 | Loan | 1 | Woodbury Gardens | NAP | NAP | NAP | NAP | 4/11/2024 | NAP | 4/11/2024 | NAP | NAP | No | |
32 | Loan | 1 | 49 South Clinton Street | NAP | NAP | NAP | NAP | 5/6/2024 | NAP | 5/6/2024 | NAP | NAP | No | |
33 | Loan | 11, 12, 30 | 2 | 371 Broadway & 1776 2nd Avenue Portfolio | ||||||||||
33.01 | Property | 1 | 371 Broadway | NAP | NAP | NAP | NAP | 12/28/2023 | NAP | 12/28/2023 | NAP | NAP | No | |
33.02 | Property | 1 | 1776 2nd Avenue | NAP | NAP | NAP | NAP | 1/5/2024 | NAP | 12/28/2023 | NAP | NAP | No | |
34 | Loan | 1 | Durst CVS Columbus | NAP | NAP | NAP | NAP | 3/21/2024 | NAP | 3/21/2024 | NAP | NAP | No | |
35 | Loan | 9 | 1 | 3533 Barnes | NAP | NAP | NAP | NAP | 2/20/2024 | NAP | 2/19/2024 | NAP | NAP | No |
A-1-24 |
Benchmark 2024-V8 - Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Ownership Interest | Ground Lease Expiration Date | Ground Lease Extension Terms | Annual Ground Lease Payment as of the Cut-off Date ($) | Annual Ground Rent Increases (Y/N) | Upfront RE Tax Reserve ($) | Monthly RE Tax Reserve ($) | Upfront Insurance Reserve ($) | Monthly Insurance Reserve ($) |
26 | 26 | 26 | 26 | 26 | |||||||||
1 | Loan | 9, 10, 13, 15, 23, 26, 29, 33, 38 | 1 | 640 5th Avenue | Fee / Leasehold | 7/31/2070 | None | 1 | No | 0 | Springing | 0 | Springing |
2 | Loan | 18, 25, 28, 38 | 1 | City Creek Center | Fee / Leasehold | 3/21/2042 | 4, 10-year extension options | 1,000,000 | No | 0 | Springing | 0 | Springing |
3 | Loan | 9, 10, 18 | 1 | Showcase I | Fee | NAP | NAP | NAP | NAP | 363,322 | 121,107 | 0 | Springing |
4 | Loan | 9, 25, 27, 38 | 1 | Sugarloaf Mills | Fee | NAP | NAP | NAP | NAP | 831,404 | 103,926 | 0 | Springing |
5 | Loan | 19, 33, 38 | 1 | Hilton Garden Inn & Canopy – Chicago Central Loop | Fee | NAP | NAP | NAP | NAP | 223,655 | 44,731 | 307,362 | 30,736 |
6 | Loan | 10, 11, 12, 16, 33, 36, 37, 38 | 10 | Bedrock Mixed-Use Portfolio | 0 | Springing | 0 | Springing | |||||
6.01 | Property | 1 | Trio on Fort Street | Fee | NAP | NAP | NAP | NAP | |||||
6.02 | Property | 1 | 28 Grand Apartments | Fee | NAP | NAP | NAP | NAP | |||||
6.03 | Property | 1 | Madison Building | Fee | NAP | NAP | NAP | NAP | |||||
6.04 | Property | 1 | 1274 Library Street | Fee | NAP | NAP | NAP | NAP | |||||
6.05 | Property | 1 | The Ferguson Apartments | Fee | NAP | NAP | NAP | NAP | |||||
6.06 | Property | 1 | Lofts of Merchant Row | Fee | NAP | NAP | NAP | NAP | |||||
6.07 | Property | 1 | 620 and 630 Woodward Avenue | Fee | NAP | NAP | NAP | NAP | |||||
6.08 | Property | 1 | The Globe Building | Fee | NAP | NAP | NAP | NAP | |||||
6.09 | Property | 1 | 1500 Woodward Avenue | Fee | NAP | NAP | NAP | NAP | |||||
6.10 | Property | 1 | Fourteen56 Apartments | Fee | NAP | NAP | NAP | NAP | |||||
7 | Loan | 10, 12, 18 | 1 | University Pointe | Fee | NAP | NAP | NAP | NAP | 581,528 | 145,382 | 633,393 | 70,377 |
8 | Loan | 18, 37, 38 | 1 | Soldier Hill Commons | Fee | NAP | NAP | NAP | NAP | 95,025 | 47,513 | 108,318 | 12,035 |
9 | Loan | 18, 23, 29, 36 | 1 | The Light Building | Fee | NAP | NAP | NAP | NAP | 66,789 | 66,789 | 0 | Springing |
10 | Loan | 9, 10, 19, 20 | 1 | 488 Madison | Fee | NAP | NAP | NAP | NAP | 3,230,895 | 538,482 | 0 | Springing |
11 | Loan | 9, 10, 12, 18, 28, 31, 38 | 1 | Pleasanton Corporate Commons | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing |
12 | Loan | 10, 11, 12, 18, 20, 23, 24, 38 | 2 | Lotus 315 & Essence 144 | 116,278 | 58,139 | 38,489 | 6,415 | |||||
12.01 | Property | 1 | Lotus 315 | Fee | NAP | NAP | NAP | NAP | |||||
12.02 | Property | 1 | Essence 144 | Fee | NAP | NAP | NAP | NAP | |||||
13 | Loan | 11, 20, 26, 33, 35, 38 | 2 | Farmingdale Hotel Portfolio | 196,381 | 39,276 | 138,972 | 27,794 | |||||
13.01 | Property | 1 | Courtyard Marriott | Leasehold | 9/12/2045 | 2, 10-year extension options | 326,003 | No | |||||
13.02 | Property | 1 | TownePlace Suites | Leasehold | 9/12/2045 | 2, 10-year extension options | 242,515 | No | |||||
14 | Loan | 11, 19, 23, 29, 34, 38 | 8 | Rechler Industrial Portfolio - B | 81,966 | 40,983 | 0 | Springing | |||||
14.01 | Property | 1 | 2001 Orville Drive North | Fee | NAP | NAP | NAP | NAP | |||||
14.02 | Property | 1 | 90 Plant Avenue | Fee | NAP | NAP | NAP | NAP | |||||
14.03 | Property | 1 | 740 Old Willets Path | Fee | NAP | NAP | NAP | NAP | |||||
14.04 | Property | 1 | 180 Orville Drive | Fee | NAP | NAP | NAP | NAP | |||||
14.05 | Property | 1 | 104 Parkway Drive South | Fee | NAP | NAP | NAP | NAP | |||||
14.06 | Property | 1 | 85 Adams Avenue | Fee | NAP | NAP | NAP | NAP | |||||
14.07 | Property | 1 | 225 Oser Avenue | Fee | NAP | NAP | NAP | NAP | |||||
14.08 | Property | 1 | 611 Old Willets Path | Fee | NAP | NAP | NAP | NAP | |||||
15 | Loan | 9, 10, 26, 37 | 1 | Saks Beverly Hills | Leasehold | 7/31/2088 | None | 2,310,744 | No | 296,870 | 74,218 | 0 | Springing |
16 | Loan | 11, 18, 19, 23, 34 | 5 | Rechler Industrial Portfolio - A | 82,766 | 41,383 | 0 | Springing | |||||
16.01 | Property | 1 | 1101 Lakeland Avenue | Fee | NAP | NAP | NAP | NAP | |||||
16.02 | Property | 1 | 20 Oser Avenue | Fee | NAP | NAP | NAP | NAP | |||||
16.03 | Property | 1 | 185 Oser Avenue | Fee | NAP | NAP | NAP | NAP | |||||
16.04 | Property | 1 | 73 Oser Avenue | Fee | NAP | NAP | NAP | NAP | |||||
16.05 | Property | 1 | 135 Fell Court | Fee | NAP | NAP | NAP | NAP | |||||
17 | Loan | 33, 37, 38 | 1 | 1042 President Street | Fee | NAP | NAP | NAP | NAP | 200,808 | Springing | 30,918 | 2,773 |
18 | Loan | 12, 18, 25, 32, 37 | 1 | Eleven13 Apartments | Fee | NAP | NAP | NAP | NAP | 0 | 12,677 | 5,785 | 5,785 |
19 | Loan | 10, 11, 18, 23 | 5 | Prime Storage - Blue Portfolio | 164,323 | 82,162 | 12,388 | 1,548 | |||||
19.01 | Property | 1 | Prime Storage - Union City | Fee | NAP | NAP | NAP | NAP | |||||
19.02 | Property | 1 | Prime Storage - Jersey City | Fee | NAP | NAP | NAP | NAP | |||||
19.03 | Property | 1 | Prime Storage - Newark | Fee | NAP | NAP | NAP | NAP | |||||
19.04 | Property | 1 | Prime Storage - Hoboken | Fee | NAP | NAP | NAP | NAP | |||||
19.05 | Property | 1 | Prime Storage - Garfield | Fee | NAP | NAP | NAP | NAP | |||||
20 | Loan | 18, 29 | 1 | 419 Lafayette Street | Fee | NAP | NAP | NAP | NAP | 0 | 71,161 | 24,242 | 4,848 |
21 | Loan | 12, 18, 19, 29 | 1 | 3575 Cahuenga | Fee | NAP | NAP | NAP | NAP | 188,921 | 40,626 | 0 | Springing |
22 | Loan | 10, 18, 19, 29, 33, 36, 38 | 1 | Sunroad Centrum | Fee | NAP | NAP | NAP | NAP | 133,544 | 66,772 | 0 | Springing |
23 | Loan | 1 | Exchange Plaza | Fee | NAP | NAP | NAP | NAP | 208,428 | 26,054 | 0 | Springing | |
24 | Loan | 27, 37 | 1 | Tesla - Lake Elmo | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing |
25 | Loan | 18 | 1 | Lauretta Landing | Fee | NAP | NAP | NAP | NAP | 55,466 | 18,489 | 1,746 | 873 |
26 | Loan | 9, 10, 11, 19, 20, 23, 25, 27, 29, 33, 37, 38 | 20 | GNL Industrial Portfolio | 376,843 | 94,211 | 0 | Springing | |||||
26.01 | Property | 1 | FCA USA - Detroit, MI | Fee | NAP | NAP | NAP | NAP | |||||
26.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | Fee | NAP | NAP | NAP | NAP | |||||
26.03 | Property | 1 | Follett School - McHenry, IL | Fee | NAP | NAP | NAP | NAP | |||||
26.04 | Property | 1 | Shaw Aero - Naples, FL | Fee | NAP | NAP | NAP | NAP | |||||
26.05 | Property | 1 | Kuka - Sterling Heights, MI | Fee | NAP | NAP | NAP | NAP | |||||
26.06 | Property | 1 | ZF Active Safety - Findlay, OH | Fee | NAP | NAP | NAP | NAP | |||||
26.07 | Property | 1 | CF Sauer - 184 Suburban | Fee | NAP | NAP | NAP | NAP | |||||
26.08 | Property | 1 | CF Sauer - 728 N Main St. | Fee | NAP | NAP | NAP | NAP | |||||
26.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | Fee | NAP | NAP | NAP | NAP | |||||
26.10 | Property | 1 | Hannibal - Houston, TX | Fee | NAP | NAP | NAP | NAP | |||||
26.11 | Property | 1 | FedEx IV - Lexington, KY | Fee | NAP | NAP | NAP | NAP | |||||
26.12 | Property | 1 | VersaFlex - Kansas City, KS | Fee | NAP | NAP | NAP | NAP |
A-1-25 |
Benchmark 2024-V8 - Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Ownership Interest | Ground Lease Expiration Date | Ground Lease Extension Terms | Annual Ground Lease Payment as of the Cut-off Date ($) | Annual Ground Rent Increases (Y/N) | Upfront RE Tax Reserve ($) | Monthly RE Tax Reserve ($) | Upfront Insurance Reserve ($) | Monthly Insurance Reserve ($) |
26 | 26 | 26 | 26 | 26 | |||||||||
26.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | Fee | NAP | NAP | NAP | NAP | |||||
26.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | Fee | NAP | NAP | NAP | NAP | |||||
26.15 | Property | 1 | CSTK - St. Louis, MO | Fee | NAP | NAP | NAP | NAP | |||||
26.16 | Property | 1 | CF Sauer - 39 S Park Dr. | Fee | NAP | NAP | NAP | NAP | |||||
26.17 | Property | 1 | AM Castle - Wichita, KS | Fee | NAP | NAP | NAP | NAP | |||||
26.18 | Property | 1 | CF Sauer - 9 Old Mill Road | Fee | NAP | NAP | NAP | NAP | |||||
26.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | Fee | NAP | NAP | NAP | NAP | |||||
26.20 | Property | 1 | CF Sauer - 513 West Butler Road | Fee | NAP | NAP | NAP | NAP | |||||
27 | Loan | 18 | 1 | Madison on Mercer | Fee | NAP | NAP | NAP | NAP | 37,906 | 4,738 | 26,422 | 8,807 |
28 | Loan | 33 | 1 | Silvernail Plaza | Fee | NAP | NAP | NAP | NAP | 16,536 | 16,536 | 0 | Springing |
29 | Loan | 37, 38 | 1 | 536 East 183rd Street | Fee | NAP | NAP | NAP | NAP | 38,564 | 38,564 | 6,511 | 2,170 |
30 | Loan | 37 | 1 | 302 Graham Avenue | Fee | NAP | NAP | NAP | NAP | 6,855 | 6,855 | 2,875 | 719 |
31 | Loan | 1 | Woodbury Gardens | Fee | NAP | NAP | NAP | NAP | 197,491 | 32,915 | 35,258 | 4,407 | |
32 | Loan | 1 | 49 South Clinton Street | Fee | NAP | NAP | NAP | NAP | 14,553 | 14,553 | 0 | Springing | |
33 | Loan | 11, 12, 30 | 2 | 371 Broadway & 1776 2nd Avenue Portfolio | 42,066 | 8,413 | 16,261 | 2,033 | |||||
33.01 | Property | 1 | 371 Broadway | Fee | NAP | NAP | NAP | NAP | |||||
33.02 | Property | 1 | 1776 2nd Avenue | Fee | NAP | NAP | NAP | NAP | |||||
34 | Loan | 1 | Durst CVS Columbus | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing | |
35 | Loan | 9 | 1 | 3533 Barnes | Fee | NAP | NAP | NAP | NAP | 2,661 | 665 | 5,854 | 1,171 |
A-1-26 |
Benchmark 2024-V8 - Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Upfront Replacement / PIP Reserve ($) | Monthly Replacement / FF&E Reserve ($) | Replacement Reserve Caps ($) | Upfront TI/LC Reserve ($) | Monthly TI/LC Reserve ($) | TI/LC Caps ($) | Upfront Debt Service Reserve ($) | Monthly Debt Service Reserve ($) | Debt Service Reserve Cap ($) | Upfront Deferred Maintenance Reserve ($) | Upfront Other Reserve ($) | Monthly Other Reserve ($) |
1 | Loan | 9, 10, 13, 15, 23, 26, 29, 33, 38 | 1 | 640 5th Avenue | 0 | Springing | 195,217 | 1,567,900 | 500,000 | 15,000,000 | 0 | 0 | 0 | 0 | 1,648,112 | 0 |
2 | Loan | 18, 25, 28, 38 | 1 | City Creek Center | 0 | Springing | 0 | 0 | 28,516 | 684,392 | 0 | 0 | 0 | 0 | 3,361,256 | 0 |
3 | Loan | 9, 10, 18 | 1 | Showcase I | 2,261 | 2,261 | 0 | 15,071 | 15,071 | 542,544 | 0 | 0 | 0 | 0 | 14,402,888 | 0 |
4 | Loan | 9, 25, 27, 38 | 1 | Sugarloaf Mills | 0 | 98,215 | 0 | 0 | 179,816 | 0 | 0 | 0 | 0 | 44,500 | 2,943,758 | 0 |
5 | Loan | 19, 33, 38 | 1 | Hilton Garden Inn & Canopy – Chicago Central Loop | 0 | 65,049 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 166,654 | 0 | 273,311 |
6 | Loan | 10, 11, 12, 16, 33, 36, 37, 38 | 10 | Bedrock Mixed-Use Portfolio | 0 | 16,708 | 0 | 0 | 75,000 | 3,000,000 | 0 | 0 | 0 | 0 | 0 | 0 |
6.01 | Property | 1 | Trio on Fort Street | |||||||||||||
6.02 | Property | 1 | 28 Grand Apartments | |||||||||||||
6.03 | Property | 1 | Madison Building | |||||||||||||
6.04 | Property | 1 | 1274 Library Street | |||||||||||||
6.05 | Property | 1 | The Ferguson Apartments | |||||||||||||
6.06 | Property | 1 | Lofts of Merchant Row | |||||||||||||
6.07 | Property | 1 | 620 and 630 Woodward Avenue | |||||||||||||
6.08 | Property | 1 | The Globe Building | |||||||||||||
6.09 | Property | 1 | 1500 Woodward Avenue | |||||||||||||
6.10 | Property | 1 | Fourteen56 Apartments | |||||||||||||
7 | Loan | 10, 12, 18 | 1 | University Pointe | 0 | 5,595 | 0 | 0 | 2,579 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
8 | Loan | 18, 37, 38 | 1 | Soldier Hill Commons | 0 | 3,542 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
9 | Loan | 18, 23, 29, 36 | 1 | The Light Building | 0 | 86 | 4,550 | 0 | Springing | 0 | 0 | 0 | 0 | 2,438 | 901,210 | 0 |
10 | Loan | 9, 10, 19, 20 | 1 | 488 Madison | 0 | 7,979 | 95,753 | 0 | 112,153 | 2,691,664 | 0 | 0 | 0 | 0 | 23,067,086 | Springing |
11 | Loan | 9, 10, 12, 18, 28, 31, 38 | 1 | Pleasanton Corporate Commons | 0 | 4,922 | 0 | 0 | Springing | 0 | 0 | 0 | 0 | 8,750 | 26,890 | Springing |
12 | Loan | 10, 11, 12, 18, 20, 23, 24, 38 | 2 | Lotus 315 & Essence 144 | 0 | 8,537 | 0 | 0 | 1,350 | 0 | 0 | 0 | 0 | 0 | 1,225,000 | 0 |
12.01 | Property | 1 | Lotus 315 | |||||||||||||
12.02 | Property | 1 | Essence 144 | |||||||||||||
13 | Loan | 11, 20, 26, 33, 35, 38 | 2 | Farmingdale Hotel Portfolio | 0 | 47,376 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 19,000 | 3,953,231 | 181,600 |
13.01 | Property | 1 | Courtyard Marriott | |||||||||||||
13.02 | Property | 1 | TownePlace Suites | |||||||||||||
14 | Loan | 11, 19, 23, 29, 34, 38 | 8 | Rechler Industrial Portfolio - B | 0 | 5,183 | 186,575 | 292,823 | Springing | 219,618 | 0 | 0 | 0 | 52,041 | 0 | 0 |
14.01 | Property | 1 | 2001 Orville Drive North | |||||||||||||
14.02 | Property | 1 | 90 Plant Avenue | |||||||||||||
14.03 | Property | 1 | 740 Old Willets Path | |||||||||||||
14.04 | Property | 1 | 180 Orville Drive | |||||||||||||
14.05 | Property | 1 | 104 Parkway Drive South | |||||||||||||
14.06 | Property | 1 | 85 Adams Avenue | |||||||||||||
14.07 | Property | 1 | 225 Oser Avenue | |||||||||||||
14.08 | Property | 1 | 611 Old Willets Path | |||||||||||||
15 | Loan | 9, 10, 26, 37 | 1 | Saks Beverly Hills | 1,437 | 1,437 | 51,740 | 9,582 | 9,582 | 344,934 | 0 | 0 | 0 | 0 | 577,686 | Springing |
16 | Loan | 11, 18, 19, 23, 34 | 5 | Rechler Industrial Portfolio - A | 200,000 | Springing | 200,000 | 162,239 | Springing | 162,120 | 0 | 0 | 0 | 81,015 | 86,926 | 0 |
16.01 | Property | 1 | 1101 Lakeland Avenue | |||||||||||||
16.02 | Property | 1 | 20 Oser Avenue | |||||||||||||
16.03 | Property | 1 | 185 Oser Avenue | |||||||||||||
16.04 | Property | 1 | 73 Oser Avenue | |||||||||||||
16.05 | Property | 1 | 135 Fell Court | |||||||||||||
17 | Loan | 33, 37, 38 | 1 | 1042 President Street | 55,000 | Springing | 55,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 56,046 | 0 |
18 | Loan | 12, 18, 25, 32, 37 | 1 | Eleven13 Apartments | 0 | 2,229 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 33,531 | 0 | 0 |
19 | Loan | 10, 11, 18, 23 | 5 | Prime Storage - Blue Portfolio | 0 | 2,709 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,451,442 | 0 | Springing |
19.01 | Property | 1 | Prime Storage - Union City | |||||||||||||
19.02 | Property | 1 | Prime Storage - Jersey City | |||||||||||||
19.03 | Property | 1 | Prime Storage - Newark | |||||||||||||
19.04 | Property | 1 | Prime Storage - Hoboken | |||||||||||||
19.05 | Property | 1 | Prime Storage - Garfield | |||||||||||||
20 | Loan | 18, 29 | 1 | 419 Lafayette Street | 0 | 1,260 | 0 | 0 | 6,250 | 0 | 0 | 0 | 0 | 63,125 | 69,184 | Springing |
21 | Loan | 12, 18, 19, 29 | 1 | 3575 Cahuenga | 0 | 2,648 | 0 | 170,880 | 19,861 | 0 | 0 | 0 | 0 | 0 | 326,528 | 13,241 |
22 | Loan | 10, 18, 19, 29, 33, 36, 38 | 1 | Sunroad Centrum | 274,758 | Springing | 274,758 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6,166,026 | 0 |
23 | Loan | 1 | Exchange Plaza | 0 | 4,371 | 0 | 0 | 11,955 | 286,908 | 0 | 0 | 0 | 113,063 | 80,565 | 0 | |
24 | Loan | 27, 37 | 1 | Tesla - Lake Elmo | 40,000 | Springing | 0 | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
25 | Loan | 18 | 1 | Lauretta Landing | 0 | 500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
26 | Loan | 9, 10, 11, 19, 20, 23, 25, 27, 29, 33, 37, 38 | 20 | GNL Industrial Portfolio | 0 | Springing | 0 | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 1,634,412 | 0 |
26.01 | Property | 1 | FCA USA - Detroit, MI | |||||||||||||
26.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | |||||||||||||
26.03 | Property | 1 | Follett School - McHenry, IL | |||||||||||||
26.04 | Property | 1 | Shaw Aero - Naples, FL | |||||||||||||
26.05 | Property | 1 | Kuka - Sterling Heights, MI | |||||||||||||
26.06 | Property | 1 | ZF Active Safety - Findlay, OH | |||||||||||||
26.07 | Property | 1 | CF Sauer - 184 Suburban | |||||||||||||
26.08 | Property | 1 | CF Sauer - 728 N Main St. | |||||||||||||
26.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | |||||||||||||
26.10 | Property | 1 | Hannibal - Houston, TX | |||||||||||||
26.11 | Property | 1 | FedEx IV - Lexington, KY | |||||||||||||
26.12 | Property | 1 | VersaFlex - Kansas City, KS |
A-1-27 |
Benchmark 2024-V8 - Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Upfront Replacement / PIP Reserve ($) | Monthly Replacement / FF&E Reserve ($) | Replacement Reserve Caps ($) | Upfront TI/LC Reserve ($) | Monthly TI/LC Reserve ($) | TI/LC Caps ($) | Upfront Debt Service Reserve ($) | Monthly Debt Service Reserve ($) | Debt Service Reserve Cap ($) | Upfront Deferred Maintenance Reserve ($) | Upfront Other Reserve ($) | Monthly Other Reserve ($) |
26.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | |||||||||||||
26.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | |||||||||||||
26.15 | Property | 1 | CSTK - St. Louis, MO | |||||||||||||
26.16 | Property | 1 | CF Sauer - 39 S Park Dr. | |||||||||||||
26.17 | Property | 1 | AM Castle - Wichita, KS | |||||||||||||
26.18 | Property | 1 | CF Sauer - 9 Old Mill Road | |||||||||||||
26.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | |||||||||||||
26.20 | Property | 1 | CF Sauer - 513 West Butler Road | |||||||||||||
27 | Loan | 18 | 1 | Madison on Mercer | 0 | 2,771 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 57,869 | 0 | 0 |
28 | Loan | 33 | 1 | Silvernail Plaza | 144,441 | 1,452 | 0 | 200,000 | Springing | 200,000 | 0 | 0 | 0 | 6,250 | 72,755 | 0 |
29 | Loan | 37, 38 | 1 | 536 East 183rd Street | 0 | 792 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 440,732 | 0 |
30 | Loan | 37 | 1 | 302 Graham Avenue | 0 | 208 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
31 | Loan | 1 | Woodbury Gardens | 0 | 2,075 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32,500 | 0 | 0 | |
32 | Loan | 1 | 49 South Clinton Street | 0 | 1,104 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
33 | Loan | 11, 12, 30 | 2 | 371 Broadway & 1776 2nd Avenue Portfolio | 0 | 114 | 0 | 119,236 | 1,001 | 60,000 | 0 | 0 | 0 | 0 | 170,154 | 4,528 |
33.01 | Property | 1 | 371 Broadway | |||||||||||||
33.02 | Property | 1 | 1776 2nd Avenue | |||||||||||||
34 | Loan | 1 | Durst CVS Columbus | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
35 | Loan | 9 | 1 | 3533 Barnes | 0 | 208 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10,000 | 0 | 0 |
A-1-28 |
Benchmark 2024-V8 - Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Other Reserve Description | Other Reserve Cap ($) |
1 | Loan | 9, 10, 13, 15, 23, 26, 29, 33, 38 | 1 | 640 5th Avenue | Free Rent Reserve | 0 |
2 | Loan | 18, 25, 28, 38 | 1 | City Creek Center | Unfunded TI/LC Reserve ($2,236,955); Gap Rent Reserve ($1,124,300.71) | 0 |
3 | Loan | 9, 10, 18 | 1 | Showcase I | Unfunded M&M TI Obligations Reserve ($12,000,000), Unfunded M&M Free Rent Obligations Reserve ($2,152,888), Unfunded Obligations Reserve ($250,000) | 0 |
4 | Loan | 9, 25, 27, 38 | 1 | Sugarloaf Mills | AMC Reserve ($1,867,325), Outstanding TI/LC Reserve ($1,059,738), Gap Rent Reserve ($16,695) | 0 |
5 | Loan | 19, 33, 38 | 1 | Hilton Garden Inn & Canopy – Chicago Central Loop | HMA Reserve (Monthly: $190,940.22), Put Price Reserve (Monthly: $82,371.04), Seasonality Reserve (Monthly: Springing, Cap: $1,200,000) | 1,200,000 |
6 | Loan | 10, 11, 12, 16, 33, 36, 37, 38 | 10 | Bedrock Mixed-Use Portfolio | NAP | 0 |
6.01 | Property | 1 | Trio on Fort Street | |||
6.02 | Property | 1 | 28 Grand Apartments | |||
6.03 | Property | 1 | Madison Building | |||
6.04 | Property | 1 | 1274 Library Street | |||
6.05 | Property | 1 | The Ferguson Apartments | |||
6.06 | Property | 1 | Lofts of Merchant Row | |||
6.07 | Property | 1 | 620 and 630 Woodward Avenue | |||
6.08 | Property | 1 | The Globe Building | |||
6.09 | Property | 1 | 1500 Woodward Avenue | |||
6.10 | Property | 1 | Fourteen56 Apartments | |||
7 | Loan | 10, 12, 18 | 1 | University Pointe | NAP | 0 |
8 | Loan | 18, 37, 38 | 1 | Soldier Hill Commons | NAP | 0 |
9 | Loan | 18, 23, 29, 36 | 1 | The Light Building | Unfunded Obligations Reserve | 0 |
10 | Loan | 9, 10, 19, 20 | 1 | 488 Madison | ADNY Rollover Reserve (Upfront: $22,481,687), Alvarez & Marsal Reserve Funds (Upfront: $585,399), Condominium Reserve (Monthly: Springing) | 0 |
11 | Loan | 9, 10, 12, 18, 28, 31, 38 | 1 | Pleasanton Corporate Commons | Prepaid Rent Reserve (Upfront: $26,889.94), 10x Genomics Renewal Reserve (Monthly: Springing, Cap: $8,250,000) | 8,250,000 |
12 | Loan | 10, 11, 12, 18, 20, 23, 24, 38 | 2 | Lotus 315 & Essence 144 | Holdback Reserve (Upfront: $1,000,000), Free Rent Reserve (Upfront: $141,750), Gap Rent Reserve (Upfront: $83,250) | 0 |
12.01 | Property | 1 | Lotus 315 | |||
12.02 | Property | 1 | Essence 144 | |||
13 | Loan | 11, 20, 26, 33, 35, 38 | 2 | Farmingdale Hotel Portfolio | PIP Reserve - Courtyard (Upfront: $2,470,000, Monthly: $81,366.67), TRIP Reserve - TownPlace (Upfront: $1,390,000, Monthly: $46,202.67), Ground Rent Reserve (Upfront: $93,231.08), Seasonality Reserve (Monthly: $44,030.23), Future PIP Reserve (Monthly: $10,000) | 0 |
13.01 | Property | 1 | Courtyard Marriott | |||
13.02 | Property | 1 | TownePlace Suites | |||
14 | Loan | 11, 19, 23, 29, 34, 38 | 8 | Rechler Industrial Portfolio - B | NAP | 0 |
14.01 | Property | 1 | 2001 Orville Drive North | |||
14.02 | Property | 1 | 90 Plant Avenue | |||
14.03 | Property | 1 | 740 Old Willets Path | |||
14.04 | Property | 1 | 180 Orville Drive | |||
14.05 | Property | 1 | 104 Parkway Drive South | |||
14.06 | Property | 1 | 85 Adams Avenue | |||
14.07 | Property | 1 | 225 Oser Avenue | |||
14.08 | Property | 1 | 611 Old Willets Path | |||
15 | Loan | 9, 10, 26, 37 | 1 | Saks Beverly Hills | Ground Lease Reserve | 577,686 |
16 | Loan | 11, 18, 19, 23, 34 | 5 | Rechler Industrial Portfolio - A | Unfunded Obligations Reserve | 0 |
16.01 | Property | 1 | 1101 Lakeland Avenue | |||
16.02 | Property | 1 | 20 Oser Avenue | |||
16.03 | Property | 1 | 185 Oser Avenue | |||
16.04 | Property | 1 | 73 Oser Avenue | |||
16.05 | Property | 1 | 135 Fell Court | |||
17 | Loan | 33, 37, 38 | 1 | 1042 President Street | Rent Reserve | 0 |
18 | Loan | 12, 18, 25, 32, 37 | 1 | Eleven13 Apartments | NAP | 0 |
19 | Loan | 10, 11, 18, 23 | 5 | Prime Storage - Blue Portfolio | Debt Service Coverage Ratio Cure Reserve | 0 |
19.01 | Property | 1 | Prime Storage - Union City | |||
19.02 | Property | 1 | Prime Storage - Jersey City | |||
19.03 | Property | 1 | Prime Storage - Newark | |||
19.04 | Property | 1 | Prime Storage - Hoboken | |||
19.05 | Property | 1 | Prime Storage - Garfield | |||
20 | Loan | 18, 29 | 1 | 419 Lafayette Street | Free Rent Reserve | 0 |
21 | Loan | 12, 18, 19, 29 | 1 | 3575 Cahuenga | Rent Concession Reserve (Upfront: $326,527.53), Advanced Digital Services Reserve (Monthly: $13,241) | 0 |
22 | Loan | 10, 18, 19, 29, 33, 36, 38 | 1 | Sunroad Centrum | Unfunded Obligations Reserve | 0 |
23 | Loan | 1 | Exchange Plaza | Unfunded Obligations Reserve ($69,720); Gap Rent Reserve ($10,845.32) | 0 | |
24 | Loan | 27, 37 | 1 | Tesla - Lake Elmo | NAP | 0 |
25 | Loan | 18 | 1 | Lauretta Landing | NAP | 0 |
26 | Loan | 9, 10, 11, 19, 20, 23, 25, 27, 29, 33, 37, 38 | 20 | GNL Industrial Portfolio | Follet Replacement Work Reserve ($741,402.50), Free Rent Reserve ($553,119), Cott Beverage Concrete Work Reserve ($230,000), Outstanding TI/LC Reserve ($109,890) | 0 |
26.01 | Property | 1 | FCA USA - Detroit, MI | |||
26.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | |||
26.03 | Property | 1 | Follett School - McHenry, IL | |||
26.04 | Property | 1 | Shaw Aero - Naples, FL | |||
26.05 | Property | 1 | Kuka - Sterling Heights, MI | |||
26.06 | Property | 1 | ZF Active Safety - Findlay, OH | |||
26.07 | Property | 1 | CF Sauer - 184 Suburban | |||
26.08 | Property | 1 | CF Sauer - 728 N Main St. | |||
26.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | |||
26.10 | Property | 1 | Hannibal - Houston, TX | |||
26.11 | Property | 1 | FedEx IV - Lexington, KY | |||
26.12 | Property | 1 | VersaFlex - Kansas City, KS |
A-1-29 |
Benchmark 2024-V8 - Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Other Reserve Description | Other Reserve Cap ($) |
26.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | |||
26.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | |||
26.15 | Property | 1 | CSTK - St. Louis, MO | |||
26.16 | Property | 1 | CF Sauer - 39 S Park Dr. | |||
26.17 | Property | 1 | AM Castle - Wichita, KS | |||
26.18 | Property | 1 | CF Sauer - 9 Old Mill Road | |||
26.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | |||
26.20 | Property | 1 | CF Sauer - 513 West Butler Road | |||
27 | Loan | 18 | 1 | Madison on Mercer | NAP | 0 |
28 | Loan | 33 | 1 | Silvernail Plaza | Outstanding TI Reserve | 0 |
29 | Loan | 37, 38 | 1 | 536 East 183rd Street | Section 421-a Reserve | 0 |
30 | Loan | 37 | 1 | 302 Graham Avenue | NAP | 0 |
31 | Loan | 1 | Woodbury Gardens | NAP | 0 | |
32 | Loan | 1 | 49 South Clinton Street | NAP | 0 | |
33 | Loan | 11, 12, 30 | 2 | 371 Broadway & 1776 2nd Avenue Portfolio | Gap Rent Reserve (Upfront: $99,000), Free Rent Reserve (Upfront: $69,666.63), Hanwha LOC Reserve (Upfront: $1,487.50), Common Charges Reserve (Monthly: $4,528.17) | 0 |
33.01 | Property | 1 | 371 Broadway | |||
33.02 | Property | 1 | 1776 2nd Avenue | |||
34 | Loan | 1 | Durst CVS Columbus | NAP | 0 | |
35 | Loan | 9 | 1 | 3533 Barnes | NAP | 0 |
A-1-30 |
Benchmark 2024-V8 - Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Holdback/ Earnout Amount ($) | Holdback/ Earnout Description |
1 | Loan | 9, 10, 13, 15, 23, 26, 29, 33, 38 | 1 | 640 5th Avenue | 0 | NAP |
2 | Loan | 18, 25, 28, 38 | 1 | City Creek Center | 0 | NAP |
3 | Loan | 9, 10, 18 | 1 | Showcase I | 0 | NAP |
4 | Loan | 9, 25, 27, 38 | 1 | Sugarloaf Mills | 0 | NAP |
5 | Loan | 19, 33, 38 | 1 | Hilton Garden Inn & Canopy – Chicago Central Loop | 0 | NAP |
6 | Loan | 10, 11, 12, 16, 33, 36, 37, 38 | 10 | Bedrock Mixed-Use Portfolio | 0 | NAP |
6.01 | Property | 1 | Trio on Fort Street | |||
6.02 | Property | 1 | 28 Grand Apartments | |||
6.03 | Property | 1 | Madison Building | |||
6.04 | Property | 1 | 1274 Library Street | |||
6.05 | Property | 1 | The Ferguson Apartments | |||
6.06 | Property | 1 | Lofts of Merchant Row | |||
6.07 | Property | 1 | 620 and 630 Woodward Avenue | |||
6.08 | Property | 1 | The Globe Building | |||
6.09 | Property | 1 | 1500 Woodward Avenue | |||
6.10 | Property | 1 | Fourteen56 Apartments | |||
7 | Loan | 10, 12, 18 | 1 | University Pointe | 0 | NAP |
8 | Loan | 18, 37, 38 | 1 | Soldier Hill Commons | 0 | NAP |
9 | Loan | 18, 23, 29, 36 | 1 | The Light Building | 0 | NAP |
10 | Loan | 9, 10, 19, 20 | 1 | 488 Madison | 0 | NAP |
11 | Loan | 9, 10, 12, 18, 28, 31, 38 | 1 | Pleasanton Corporate Commons | 0 | NAP |
12 | Loan | 10, 11, 12, 18, 20, 23, 24, 38 | 2 | Lotus 315 & Essence 144 | 1,000,000 | The borrowers shall deposit into an eligible account upon loan origination. The lender must disburse upon (i) no Event of Default has occurred and is continuing and (ii) Lender has received evidence, in form and substance reasonably satisfactory to Lender, that the Debt Yield equals or exceeds 8.15%. |
12.01 | Property | 1 | Lotus 315 | |||
12.02 | Property | 1 | Essence 144 | |||
13 | Loan | 11, 20, 26, 33, 35, 38 | 2 | Farmingdale Hotel Portfolio | 0 | NAP |
13.01 | Property | 1 | Courtyard Marriott | |||
13.02 | Property | 1 | TownePlace Suites | |||
14 | Loan | 11, 19, 23, 29, 34, 38 | 8 | Rechler Industrial Portfolio - B | 0 | NAP |
14.01 | Property | 1 | 2001 Orville Drive North | |||
14.02 | Property | 1 | 90 Plant Avenue | |||
14.03 | Property | 1 | 740 Old Willets Path | |||
14.04 | Property | 1 | 180 Orville Drive | |||
14.05 | Property | 1 | 104 Parkway Drive South | |||
14.06 | Property | 1 | 85 Adams Avenue | |||
14.07 | Property | 1 | 225 Oser Avenue | |||
14.08 | Property | 1 | 611 Old Willets Path | |||
15 | Loan | 9, 10, 26, 37 | 1 | Saks Beverly Hills | 0 | NAP |
16 | Loan | 11, 18, 19, 23, 34 | 5 | Rechler Industrial Portfolio - A | 0 | NAP |
16.01 | Property | 1 | 1101 Lakeland Avenue | |||
16.02 | Property | 1 | 20 Oser Avenue | |||
16.03 | Property | 1 | 185 Oser Avenue | |||
16.04 | Property | 1 | 73 Oser Avenue | |||
16.05 | Property | 1 | 135 Fell Court | |||
17 | Loan | 33, 37, 38 | 1 | 1042 President Street | 0 | NAP |
18 | Loan | 12, 18, 25, 32, 37 | 1 | Eleven13 Apartments | 0 | NAP |
19 | Loan | 10, 11, 18, 23 | 5 | Prime Storage - Blue Portfolio | 0 | NAP |
19.01 | Property | 1 | Prime Storage - Union City | |||
19.02 | Property | 1 | Prime Storage - Jersey City | |||
19.03 | Property | 1 | Prime Storage - Newark | |||
19.04 | Property | 1 | Prime Storage - Hoboken | |||
19.05 | Property | 1 | Prime Storage - Garfield | |||
20 | Loan | 18, 29 | 1 | 419 Lafayette Street | 0 | NAP |
21 | Loan | 12, 18, 19, 29 | 1 | 3575 Cahuenga | 0 | NAP |
22 | Loan | 10, 18, 19, 29, 33, 36, 38 | 1 | Sunroad Centrum | 0 | NAP |
23 | Loan | 1 | Exchange Plaza | 0 | NAP | |
24 | Loan | 27, 37 | 1 | Tesla - Lake Elmo | 0 | NAP |
25 | Loan | 18 | 1 | Lauretta Landing | 0 | NAP |
26 | Loan | 9, 10, 11, 19, 20, 23, 25, 27, 29, 33, 37, 38 | 20 | GNL Industrial Portfolio | 0 | NAP |
26.01 | Property | 1 | FCA USA - Detroit, MI | |||
26.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | |||
26.03 | Property | 1 | Follett School - McHenry, IL | |||
26.04 | Property | 1 | Shaw Aero - Naples, FL | |||
26.05 | Property | 1 | Kuka - Sterling Heights, MI | |||
26.06 | Property | 1 | ZF Active Safety - Findlay, OH | |||
26.07 | Property | 1 | CF Sauer - 184 Suburban | |||
26.08 | Property | 1 | CF Sauer - 728 N Main St. | |||
26.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | |||
26.10 | Property | 1 | Hannibal - Houston, TX | |||
26.11 | Property | 1 | FedEx IV - Lexington, KY | |||
26.12 | Property | 1 | VersaFlex - Kansas City, KS |
A-1-31 |
Benchmark 2024-V8 - Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Holdback/ Earnout Amount ($) | Holdback/ Earnout Description |
26.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | |||
26.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | |||
26.15 | Property | 1 | CSTK - St. Louis, MO | |||
26.16 | Property | 1 | CF Sauer - 39 S Park Dr. | |||
26.17 | Property | 1 | AM Castle - Wichita, KS | |||
26.18 | Property | 1 | CF Sauer - 9 Old Mill Road | |||
26.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | |||
26.20 | Property | 1 | CF Sauer - 513 West Butler Road | |||
27 | Loan | 18 | 1 | Madison on Mercer | 0 | NAP |
28 | Loan | 33 | 1 | Silvernail Plaza | 0 | NAP |
29 | Loan | 37, 38 | 1 | 536 East 183rd Street | 0 | NAP |
30 | Loan | 37 | 1 | 302 Graham Avenue | 0 | NAP |
31 | Loan | 1 | Woodbury Gardens | 0 | NAP | |
32 | Loan | 1 | 49 South Clinton Street | 0 | NAP | |
33 | Loan | 11, 12, 30 | 2 | 371 Broadway & 1776 2nd Avenue Portfolio | 0 | NAP |
33.01 | Property | 1 | 371 Broadway | |||
33.02 | Property | 1 | 1776 2nd Avenue | |||
34 | Loan | 1 | Durst CVS Columbus | 0 | NAP | |
35 | Loan | 9 | 1 | 3533 Barnes | 0 | NAP |
A-1-32 |
Benchmark 2024-V8 - Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Lockbox Type | Cash Management | Excess Cash Trap Triggered by DSCR and/or Debt Yield Test (Y/N) | Tenant Specific Excess Cash Trap Trigger (Y/N) | Pari Passu (Y/N) | Pari Passu in Trust Controlling (Y/N) | Trust Pari Passu Cut-off Date Balance ($) | Non-Trust Pari Passu Companion Loan Cut-off Date Balance ($) | Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) | Total Trust and Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) |
16 | 17 | |||||||||||||
1 | Loan | 9, 10, 13, 15, 23, 26, 29, 33, 38 | 1 | 640 5th Avenue | Hard | In Place | Yes | Yes | Yes | No | 97,100,000 | 202,900,000 | 1,338,265.64 | 1,978,707.20 |
2 | Loan | 18, 25, 28, 38 | 1 | City Creek Center | Hard | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP |
3 | Loan | 9, 10, 18 | 1 | Showcase I | Hard | Springing | Yes | No | Yes | No | 69,500,000 | 100,000,000 | 537,361.11 | 910,827.08 |
4 | Loan | 9, 25, 27, 38 | 1 | Sugarloaf Mills | Hard | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP |
5 | Loan | 19, 33, 38 | 1 | Hilton Garden Inn & Canopy – Chicago Central Loop | Hard | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP |
6 | Loan | 10, 11, 12, 16, 33, 36, 37, 38 | 10 | Bedrock Mixed-Use Portfolio | Hard (Commercial Properties); Springing (Multifamily Properties) | Springing | Yes | Yes | Yes | Yes | 55,000,000 | 20,000,000 | 107,894.67 | 404,605.03 |
6.01 | Property | 1 | Trio on Fort Street | |||||||||||
6.02 | Property | 1 | 28 Grand Apartments | |||||||||||
6.03 | Property | 1 | Madison Building | |||||||||||
6.04 | Property | 1 | 1274 Library Street | |||||||||||
6.05 | Property | 1 | The Ferguson Apartments | |||||||||||
6.06 | Property | 1 | Lofts of Merchant Row | |||||||||||
6.07 | Property | 1 | 620 and 630 Woodward Avenue | |||||||||||
6.08 | Property | 1 | The Globe Building | |||||||||||
6.09 | Property | 1 | 1500 Woodward Avenue | |||||||||||
6.10 | Property | 1 | Fourteen56 Apartments | |||||||||||
7 | Loan | 10, 12, 18 | 1 | University Pointe | Springing | Springing | Yes | Yes | Yes | Yes | 50,000,000 | 35,850,000 | 202,942.54 | 485,986.52 |
8 | Loan | 18, 37, 38 | 1 | Soldier Hill Commons | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP |
9 | Loan | 18, 23, 29, 36 | 1 | The Light Building | Springing | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP |
10 | Loan | 9, 10, 19, 20 | 1 | 488 Madison | Hard | In Place | Yes | Yes | Yes | No | 40,000,000 | 60,000,000 | 348,879.17 | 581,465.28 |
11 | Loan | 9, 10, 12, 18, 28, 31, 38 | 1 | Pleasanton Corporate Commons | Springing | Springing | Yes | Yes | Yes | Yes | 37,100,000 | 28,700,000 | 188,656.00 | 432,528.38 |
12 | Loan | 10, 11, 12, 18, 20, 23, 24, 38 | 2 | Lotus 315 & Essence 144 | Springing | Springing | Yes | No | Yes | No | 36,100,000 | 50,000,000 | 271,215.28 | 467,032.71 |
12.01 | Property | 1 | Lotus 315 | |||||||||||
12.02 | Property | 1 | Essence 144 | |||||||||||
13 | Loan | 11, 20, 26, 33, 35, 38 | 2 | Farmingdale Hotel Portfolio | Hard | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP |
13.01 | Property | 1 | Courtyard Marriott | |||||||||||
13.02 | Property | 1 | TownePlace Suites | |||||||||||
14 | Loan | 11, 19, 23, 29, 34, 38 | 8 | Rechler Industrial Portfolio - B | Springing | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP |
14.01 | Property | 1 | 2001 Orville Drive North | |||||||||||
14.02 | Property | 1 | 90 Plant Avenue | |||||||||||
14.03 | Property | 1 | 740 Old Willets Path | |||||||||||
14.04 | Property | 1 | 180 Orville Drive | |||||||||||
14.05 | Property | 1 | 104 Parkway Drive South | |||||||||||
14.06 | Property | 1 | 85 Adams Avenue | |||||||||||
14.07 | Property | 1 | 225 Oser Avenue | |||||||||||
14.08 | Property | 1 | 611 Old Willets Path | |||||||||||
15 | Loan | 9, 10, 26, 37 | 1 | Saks Beverly Hills | Hard | Springing | No | Yes | Yes | No | 28,635,000 | 61,365,000 | 397,309.25 | 582,707.29 |
16 | Loan | 11, 18, 19, 23, 34 | 5 | Rechler Industrial Portfolio - A | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP |
16.01 | Property | 1 | 1101 Lakeland Avenue | |||||||||||
16.02 | Property | 1 | 20 Oser Avenue | |||||||||||
16.03 | Property | 1 | 185 Oser Avenue | |||||||||||
16.04 | Property | 1 | 73 Oser Avenue | |||||||||||
16.05 | Property | 1 | 135 Fell Court | |||||||||||
17 | Loan | 33, 37, 38 | 1 | 1042 President Street | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP |
18 | Loan | 12, 18, 25, 32, 37 | 1 | Eleven13 Apartments | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP |
19 | Loan | 10, 11, 18, 23 | 5 | Prime Storage - Blue Portfolio | Soft | Springing | Yes | No | Yes | No | 20,000,000 | 38,000,000 | 199,381.25 | 304,318.75 |
19.01 | Property | 1 | Prime Storage - Union City | |||||||||||
19.02 | Property | 1 | Prime Storage - Jersey City | |||||||||||
19.03 | Property | 1 | Prime Storage - Newark | |||||||||||
19.04 | Property | 1 | Prime Storage - Hoboken | |||||||||||
19.05 | Property | 1 | Prime Storage - Garfield | |||||||||||
20 | Loan | 18, 29 | 1 | 419 Lafayette Street | Hard | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP |
21 | Loan | 12, 18, 19, 29 | 1 | 3575 Cahuenga | Hard | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP |
22 | Loan | 10, 18, 19, 29, 33, 36, 38 | 1 | Sunroad Centrum | Hard | Springing | Yes | Yes | Yes | No | 12,460,000 | 70,000,000 | 467,943.51 | 551,237.46 |
23 | Loan | 1 | Exchange Plaza | Springing | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP | |
24 | Loan | 27, 37 | 1 | Tesla - Lake Elmo | Hard | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP |
25 | Loan | 18 | 1 | Lauretta Landing | Soft | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP |
26 | Loan | 9, 10, 11, 19, 20, 23, 25, 27, 29, 33, 37, 38 | 20 | GNL Industrial Portfolio | Hard | Springing | Yes | No | Yes | No | 10,650,000 | 226,350,000 | 1,098,510.08 | 1,150,196.11 |
26.01 | Property | 1 | FCA USA - Detroit, MI | |||||||||||
26.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | |||||||||||
26.03 | Property | 1 | Follett School - McHenry, IL | |||||||||||
26.04 | Property | 1 | Shaw Aero - Naples, FL | |||||||||||
26.05 | Property | 1 | Kuka - Sterling Heights, MI | |||||||||||
26.06 | Property | 1 | ZF Active Safety - Findlay, OH | |||||||||||
26.07 | Property | 1 | CF Sauer - 184 Suburban | |||||||||||
26.08 | Property | 1 | CF Sauer - 728 N Main St. | |||||||||||
26.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | |||||||||||
26.10 | Property | 1 | Hannibal - Houston, TX | |||||||||||
26.11 | Property | 1 | FedEx IV - Lexington, KY | |||||||||||
26.12 | Property | 1 | VersaFlex - Kansas City, KS |
A-1-33 |
Benchmark 2024-V8 - Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Lockbox Type | Cash Management | Excess Cash Trap Triggered by DSCR and/or Debt Yield Test (Y/N) | Tenant Specific Excess Cash Trap Trigger (Y/N) | Pari Passu (Y/N) | Pari Passu in Trust Controlling (Y/N) | Trust Pari Passu Cut-off Date Balance ($) | Non-Trust Pari Passu Companion Loan Cut-off Date Balance ($) | Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) | Total Trust and Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) |
16 | 17 | |||||||||||||
26.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | |||||||||||
26.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | |||||||||||
26.15 | Property | 1 | CSTK - St. Louis, MO | |||||||||||
26.16 | Property | 1 | CF Sauer - 39 S Park Dr. | |||||||||||
26.17 | Property | 1 | AM Castle - Wichita, KS | |||||||||||
26.18 | Property | 1 | CF Sauer - 9 Old Mill Road | |||||||||||
26.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | |||||||||||
26.20 | Property | 1 | CF Sauer - 513 West Butler Road | |||||||||||
27 | Loan | 18 | 1 | Madison on Mercer | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP |
28 | Loan | 33 | 1 | Silvernail Plaza | Springing | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP |
29 | Loan | 37, 38 | 1 | 536 East 183rd Street | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP |
30 | Loan | 37 | 1 | 302 Graham Avenue | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP |
31 | Loan | 1 | Woodbury Gardens | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | |
32 | Loan | 1 | 49 South Clinton Street | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | |
33 | Loan | 11, 12, 30 | 2 | 371 Broadway & 1776 2nd Avenue Portfolio | Hard | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP |
33.01 | Property | 1 | 371 Broadway | |||||||||||
33.02 | Property | 1 | 1776 2nd Avenue | |||||||||||
34 | Loan | 1 | Durst CVS Columbus | Hard | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP | |
35 | Loan | 9 | 1 | 3533 Barnes | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP |
A-1-34 |
Benchmark 2024-V8 - Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Subordinate Companion Loan Cut-off Date Balance ($) | Subordinate Companion Loan Interest Rate | Whole Loan Cut-off Date Balance ($) | Whole Loan Monthly Debt Service ($) | Whole Loan Cut-off Date LTV Ratio (%) | Whole Loan Underwritten NCF DSCR (x) | Whole Loan Underwritten NOI Debt Yield (%) | Mezzanine Debt Cut-off Date Balance($) | Mezzanine Debt Interest Rate (%) | Total Debt Cut-off Date Balance ($) | Total Debt Monthly Debt Service ($) | Total Debt Cut-off Date LTV Ratio (%) |
4 | ||||||||||||||||
1 | Loan | 9, 10, 13, 15, 23, 26, 29, 33, 38 | 1 | 640 5th Avenue | NAP | NAP | 300,000,000 | 1,978,707.20 | 41.7% | 2.04 | 18.7% | 100,000,000 | 11.50000% | 400,000,000 | 3,088,423.66 | 55.6% |
2 | Loan | 18, 25, 28, 38 | 1 | City Creek Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3 | Loan | 9, 10, 18 | 1 | Showcase I | NAP | NAP | 169,500,000 | 910,827.08 | 67.8% | 1.30 | 8.5% | NAP | NAP | NAP | NAP | NAP |
4 | Loan | 9, 25, 27, 38 | 1 | Sugarloaf Mills | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
5 | Loan | 19, 33, 38 | 1 | Hilton Garden Inn & Canopy – Chicago Central Loop | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
6 | Loan | 10, 11, 12, 16, 33, 36, 37, 38 | 10 | Bedrock Mixed-Use Portfolio | NAP | NAP | 75,000,000 | 404,605.03 | 54.3% | 1.58 | 11.3% | NAP | NAP | NAP | NAP | NAP |
6.01 | Property | 1 | Trio on Fort Street | |||||||||||||
6.02 | Property | 1 | 28 Grand Apartments | |||||||||||||
6.03 | Property | 1 | Madison Building | |||||||||||||
6.04 | Property | 1 | 1274 Library Street | |||||||||||||
6.05 | Property | 1 | The Ferguson Apartments | |||||||||||||
6.06 | Property | 1 | Lofts of Merchant Row | |||||||||||||
6.07 | Property | 1 | 620 and 630 Woodward Avenue | |||||||||||||
6.08 | Property | 1 | The Globe Building | |||||||||||||
6.09 | Property | 1 | 1500 Woodward Avenue | |||||||||||||
6.10 | Property | 1 | Fourteen56 Apartments | |||||||||||||
7 | Loan | 10, 12, 18 | 1 | University Pointe | NAP | NAP | 85,850,000 | 485,986.52 | 54.5% | 1.73 | 11.9% | NAP | NAP | NAP | NAP | NAP |
8 | Loan | 18, 37, 38 | 1 | Soldier Hill Commons | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
9 | Loan | 18, 23, 29, 36 | 1 | The Light Building | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10 | Loan | 9, 10, 19, 20 | 1 | 488 Madison | NAP | NAP | 100,000,000 | 581,465.28 | 45.5% | 1.94 | 15.6% | NAP | NAP | NAP | NAP | NAP |
11 | Loan | 9, 10, 12, 18, 28, 31, 38 | 1 | Pleasanton Corporate Commons | NAP | NAP | 65,800,000 | 432,528.38 | 59.6% | 1.49 | 12.9% | NAP | NAP | NAP | NAP | NAP |
12 | Loan | 10, 11, 12, 18, 20, 23, 24, 38 | 2 | Lotus 315 & Essence 144 | NAP | NAP | 86,100,000 | 467,032.71 | 69.6% | 1.23 | 8.1% | NAP | NAP | NAP | NAP | NAP |
12.01 | Property | 1 | Lotus 315 | |||||||||||||
12.02 | Property | 1 | Essence 144 | |||||||||||||
13 | Loan | 11, 20, 26, 33, 35, 38 | 2 | Farmingdale Hotel Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
13.01 | Property | 1 | Courtyard Marriott | |||||||||||||
13.02 | Property | 1 | TownePlace Suites | |||||||||||||
14 | Loan | 11, 19, 23, 29, 34, 38 | 8 | Rechler Industrial Portfolio - B | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
14.01 | Property | 1 | 2001 Orville Drive North | |||||||||||||
14.02 | Property | 1 | 90 Plant Avenue | |||||||||||||
14.03 | Property | 1 | 740 Old Willets Path | |||||||||||||
14.04 | Property | 1 | 180 Orville Drive | |||||||||||||
14.05 | Property | 1 | 104 Parkway Drive South | |||||||||||||
14.06 | Property | 1 | 85 Adams Avenue | |||||||||||||
14.07 | Property | 1 | 225 Oser Avenue | |||||||||||||
14.08 | Property | 1 | 611 Old Willets Path | |||||||||||||
15 | Loan | 9, 10, 26, 37 | 1 | Saks Beverly Hills | NAP | NAP | 90,000,000 | 582,707.29 | 45.0% | 1.71 | 13.4% | NAP | NAP | NAP | NAP | NAP |
16 | Loan | 11, 18, 19, 23, 34 | 5 | Rechler Industrial Portfolio - A | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
16.01 | Property | 1 | 1101 Lakeland Avenue | |||||||||||||
16.02 | Property | 1 | 20 Oser Avenue | |||||||||||||
16.03 | Property | 1 | 185 Oser Avenue | |||||||||||||
16.04 | Property | 1 | 73 Oser Avenue | |||||||||||||
16.05 | Property | 1 | 135 Fell Court | |||||||||||||
17 | Loan | 33, 37, 38 | 1 | 1042 President Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
18 | Loan | 12, 18, 25, 32, 37 | 1 | Eleven13 Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
19 | Loan | 10, 11, 18, 23 | 5 | Prime Storage - Blue Portfolio | NAP | NAP | 58,000,000 | 304,318.75 | 63.6% | 1.44 | 9.1% | NAP | NAP | NAP | NAP | NAP |
19.01 | Property | 1 | Prime Storage - Union City | |||||||||||||
19.02 | Property | 1 | Prime Storage - Jersey City | |||||||||||||
19.03 | Property | 1 | Prime Storage - Newark | |||||||||||||
19.04 | Property | 1 | Prime Storage - Hoboken | |||||||||||||
19.05 | Property | 1 | Prime Storage - Garfield | |||||||||||||
20 | Loan | 18, 29 | 1 | 419 Lafayette Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
21 | Loan | 12, 18, 19, 29 | 1 | 3575 Cahuenga | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
22 | Loan | 10, 18, 19, 29, 33, 36, 38 | 1 | Sunroad Centrum | NAP | NAP | 82,460,000 | 551,237.46 | 67.6% | 1.37 | 11.3% | NAP | NAP | NAP | NAP | NAP |
23 | Loan | 1 | Exchange Plaza | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
24 | Loan | 27, 37 | 1 | Tesla - Lake Elmo | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
25 | Loan | 18 | 1 | Lauretta Landing | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
26 | Loan | 9, 10, 11, 19, 20, 23, 25, 27, 29, 33, 37, 38 | 20 | GNL Industrial Portfolio | NAP | NAP | 237,000,000 | 1,150,196.11 | 53.8% | 2.12 | 12.6% | NAP | NAP | NAP | NAP | NAP |
26.01 | Property | 1 | FCA USA - Detroit, MI | |||||||||||||
26.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | |||||||||||||
26.03 | Property | 1 | Follett School - McHenry, IL | |||||||||||||
26.04 | Property | 1 | Shaw Aero - Naples, FL | |||||||||||||
26.05 | Property | 1 | Kuka - Sterling Heights, MI | |||||||||||||
26.06 | Property | 1 | ZF Active Safety - Findlay, OH | |||||||||||||
26.07 | Property | 1 | CF Sauer - 184 Suburban | |||||||||||||
26.08 | Property | 1 | CF Sauer - 728 N Main St. | |||||||||||||
26.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | |||||||||||||
26.10 | Property | 1 | Hannibal - Houston, TX | |||||||||||||
26.11 | Property | 1 | FedEx IV - Lexington, KY | |||||||||||||
26.12 | Property | 1 | VersaFlex - Kansas City, KS |
A-1-35 |
Benchmark 2024-V8 - Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Subordinate Companion Loan Cut-off Date Balance ($) | Subordinate Companion Loan Interest Rate | Whole Loan Cut-off Date Balance ($) | Whole Loan Monthly Debt Service ($) | Whole Loan Cut-off Date LTV Ratio (%) | Whole Loan Underwritten NCF DSCR (x) | Whole Loan Underwritten NOI Debt Yield (%) | Mezzanine Debt Cut-off Date Balance($) | Mezzanine Debt Interest Rate (%) | Total Debt Cut-off Date Balance ($) | Total Debt Monthly Debt Service ($) | Total Debt Cut-off Date LTV Ratio (%) |
4 | ||||||||||||||||
26.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | |||||||||||||
26.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | |||||||||||||
26.15 | Property | 1 | CSTK - St. Louis, MO | |||||||||||||
26.16 | Property | 1 | CF Sauer - 39 S Park Dr. | |||||||||||||
26.17 | Property | 1 | AM Castle - Wichita, KS | |||||||||||||
26.18 | Property | 1 | CF Sauer - 9 Old Mill Road | |||||||||||||
26.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | |||||||||||||
26.20 | Property | 1 | CF Sauer - 513 West Butler Road | |||||||||||||
27 | Loan | 18 | 1 | Madison on Mercer | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
28 | Loan | 33 | 1 | Silvernail Plaza | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
29 | Loan | 37, 38 | 1 | 536 East 183rd Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
30 | Loan | 37 | 1 | 302 Graham Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
31 | Loan | 1 | Woodbury Gardens | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
32 | Loan | 1 | 49 South Clinton Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
33 | Loan | 11, 12, 30 | 2 | 371 Broadway & 1776 2nd Avenue Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
33.01 | Property | 1 | 371 Broadway | |||||||||||||
33.02 | Property | 1 | 1776 2nd Avenue | |||||||||||||
34 | Loan | 1 | Durst CVS Columbus | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
35 | Loan | 9 | 1 | 3533 Barnes | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
A-1-36 |
Benchmark 2024-V8 - Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Total Debt Underwritten NCF DSCR (x) | Total Debt Underwritten NOI Debt Yield (%) | Future Additional Debt Permitted (Y/N) | Future Debt Permitted Type |
4 | ||||||||
1 | Loan | 9, 10, 13, 15, 23, 26, 29, 33, 38 | 1 | 640 5th Avenue | 1.31 | 14.0% | No | NAP |
2 | Loan | 18, 25, 28, 38 | 1 | City Creek Center | NAP | NAP | No | NAP |
3 | Loan | 9, 10, 18 | 1 | Showcase I | NAP | NAP | No | NAP |
4 | Loan | 9, 25, 27, 38 | 1 | Sugarloaf Mills | NAP | NAP | No | NAP |
5 | Loan | 19, 33, 38 | 1 | Hilton Garden Inn & Canopy – Chicago Central Loop | NAP | NAP | No | NAP |
6 | Loan | 10, 11, 12, 16, 33, 36, 37, 38 | 10 | Bedrock Mixed-Use Portfolio | NAP | NAP | No | NAP |
6.01 | Property | 1 | Trio on Fort Street | |||||
6.02 | Property | 1 | 28 Grand Apartments | |||||
6.03 | Property | 1 | Madison Building | |||||
6.04 | Property | 1 | 1274 Library Street | |||||
6.05 | Property | 1 | The Ferguson Apartments | |||||
6.06 | Property | 1 | Lofts of Merchant Row | |||||
6.07 | Property | 1 | 620 and 630 Woodward Avenue | |||||
6.08 | Property | 1 | The Globe Building | |||||
6.09 | Property | 1 | 1500 Woodward Avenue | |||||
6.10 | Property | 1 | Fourteen56 Apartments | |||||
7 | Loan | 10, 12, 18 | 1 | University Pointe | NAP | NAP | No | NAP |
8 | Loan | 18, 37, 38 | 1 | Soldier Hill Commons | NAP | NAP | No | NAP |
9 | Loan | 18, 23, 29, 36 | 1 | The Light Building | NAP | NAP | No | NAP |
10 | Loan | 9, 10, 19, 20 | 1 | 488 Madison | NAP | NAP | No | NAP |
11 | Loan | 9, 10, 12, 18, 28, 31, 38 | 1 | Pleasanton Corporate Commons | NAP | NAP | No | NAP |
12 | Loan | 10, 11, 12, 18, 20, 23, 24, 38 | 2 | Lotus 315 & Essence 144 | NAP | NAP | No | NAP |
12.01 | Property | 1 | Lotus 315 | |||||
12.02 | Property | 1 | Essence 144 | |||||
13 | Loan | 11, 20, 26, 33, 35, 38 | 2 | Farmingdale Hotel Portfolio | NAP | NAP | No | NAP |
13.01 | Property | 1 | Courtyard Marriott | |||||
13.02 | Property | 1 | TownePlace Suites | |||||
14 | Loan | 11, 19, 23, 29, 34, 38 | 8 | Rechler Industrial Portfolio - B | NAP | NAP | Yes | Mezzanine (Combined DSCR equal to or greater than the DSCR as of the Closing Date; Combined LTV equal to or less than the LTV as of the Closing Date; Combined DY equal to or greater than the DY as of the Closing Date; Intercreditor Agreement is required) |
14.01 | Property | 1 | 2001 Orville Drive North | |||||
14.02 | Property | 1 | 90 Plant Avenue | |||||
14.03 | Property | 1 | 740 Old Willets Path | |||||
14.04 | Property | 1 | 180 Orville Drive | |||||
14.05 | Property | 1 | 104 Parkway Drive South | |||||
14.06 | Property | 1 | 85 Adams Avenue | |||||
14.07 | Property | 1 | 225 Oser Avenue | |||||
14.08 | Property | 1 | 611 Old Willets Path | |||||
15 | Loan | 9, 10, 26, 37 | 1 | Saks Beverly Hills | NAP | NAP | No | NAP |
16 | Loan | 11, 18, 19, 23, 34 | 5 | Rechler Industrial Portfolio - A | NAP | NAP | Yes | Mezzanine (Combined DSCR equal to or greater than the DSCR as of the Closing Date; Combined LTV equal to or less than the LTV as of the Closing Date; Combined DY equal to or greater than the DY as of the Closing Date; Intercreditor Agreement is required) |
16.01 | Property | 1 | 1101 Lakeland Avenue | |||||
16.02 | Property | 1 | 20 Oser Avenue | |||||
16.03 | Property | 1 | 185 Oser Avenue | |||||
16.04 | Property | 1 | 73 Oser Avenue | |||||
16.05 | Property | 1 | 135 Fell Court | |||||
17 | Loan | 33, 37, 38 | 1 | 1042 President Street | NAP | NAP | No | NAP |
18 | Loan | 12, 18, 25, 32, 37 | 1 | Eleven13 Apartments | NAP | NAP | No | NAP |
19 | Loan | 10, 11, 18, 23 | 5 | Prime Storage - Blue Portfolio | NAP | NAP | No | NAP |
19.01 | Property | 1 | Prime Storage - Union City | |||||
19.02 | Property | 1 | Prime Storage - Jersey City | |||||
19.03 | Property | 1 | Prime Storage - Newark | |||||
19.04 | Property | 1 | Prime Storage - Hoboken | |||||
19.05 | Property | 1 | Prime Storage - Garfield | |||||
20 | Loan | 18, 29 | 1 | 419 Lafayette Street | NAP | NAP | No | NAP |
21 | Loan | 12, 18, 19, 29 | 1 | 3575 Cahuenga | NAP | NAP | No | NAP |
22 | Loan | 10, 18, 19, 29, 33, 36, 38 | 1 | Sunroad Centrum | NAP | NAP | No | NAP |
23 | Loan | 1 | Exchange Plaza | NAP | NAP | No | NAP | |
24 | Loan | 27, 37 | 1 | Tesla - Lake Elmo | NAP | NAP | No | NAP |
25 | Loan | 18 | 1 | Lauretta Landing | NAP | NAP | No | NAP |
26 | Loan | 9, 10, 11, 19, 20, 23, 25, 27, 29, 33, 37, 38 | 20 | GNL Industrial Portfolio | NAP | NAP | No | NAP |
26.01 | Property | 1 | FCA USA - Detroit, MI | |||||
26.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | |||||
26.03 | Property | 1 | Follett School - McHenry, IL | |||||
26.04 | Property | 1 | Shaw Aero - Naples, FL | |||||
26.05 | Property | 1 | Kuka - Sterling Heights, MI | |||||
26.06 | Property | 1 | ZF Active Safety - Findlay, OH | |||||
26.07 | Property | 1 | CF Sauer - 184 Suburban | |||||
26.08 | Property | 1 | CF Sauer - 728 N Main St. | |||||
26.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | |||||
26.10 | Property | 1 | Hannibal - Houston, TX | |||||
26.11 | Property | 1 | FedEx IV - Lexington, KY | |||||
26.12 | Property | 1 | VersaFlex - Kansas City, KS |
A-1-37 |
Benchmark 2024-V8 - Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Total Debt Underwritten NCF DSCR (x) | Total Debt Underwritten NOI Debt Yield (%) | Future Additional Debt Permitted (Y/N) | Future Debt Permitted Type |
4 | ||||||||
26.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | |||||
26.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | |||||
26.15 | Property | 1 | CSTK - St. Louis, MO | |||||
26.16 | Property | 1 | CF Sauer - 39 S Park Dr. | |||||
26.17 | Property | 1 | AM Castle - Wichita, KS | |||||
26.18 | Property | 1 | CF Sauer - 9 Old Mill Road | |||||
26.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | |||||
26.20 | Property | 1 | CF Sauer - 513 West Butler Road | |||||
27 | Loan | 18 | 1 | Madison on Mercer | NAP | NAP | No | NAP |
28 | Loan | 33 | 1 | Silvernail Plaza | NAP | NAP | No | NAP |
29 | Loan | 37, 38 | 1 | 536 East 183rd Street | NAP | NAP | No | NAP |
30 | Loan | 37 | 1 | 302 Graham Avenue | NAP | NAP | No | NAP |
31 | Loan | 1 | Woodbury Gardens | NAP | NAP | No | NAP | |
32 | Loan | 1 | 49 South Clinton Street | NAP | NAP | No | NAP | |
33 | Loan | 11, 12, 30 | 2 | 371 Broadway & 1776 2nd Avenue Portfolio | NAP | NAP | No | NAP |
33.01 | Property | 1 | 371 Broadway | |||||
33.02 | Property | 1 | 1776 2nd Avenue | |||||
34 | Loan | 1 | Durst CVS Columbus | NAP | NAP | No | NAP | |
35 | Loan | 9 | 1 | 3533 Barnes | NAP | NAP | No | NAP |
A-1-38 |
Benchmark 2024-V8 - Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Sponsor | Non-Recourse Carveout Guarantor | Delaware Statutory Trust (Y/N) |
1 | Loan | 9, 10, 13, 15, 23, 26, 29, 33, 38 | 1 | 640 5th Avenue | Vornado Realty Trust | Manhattan High Street Holdings LP | No |
2 | Loan | 18, 25, 28, 38 | 1 | City Creek Center | The Taubman Realty Group LLC | The Taubman Realty Group LLC | No |
3 | Loan | 9, 10, 18 | 1 | Showcase I | Jeff Gindi and Eli Gindi | Jeff Gindi and Eli Gindi | No |
4 | Loan | 9, 25, 27, 38 | 1 | Sugarloaf Mills | Simon Property Group, L.P. | Simon Property Group, L.P. | No |
5 | Loan | 19, 33, 38 | 1 | Hilton Garden Inn & Canopy – Chicago Central Loop | Blue Glacier Fund II, L.P., 1907 Management GP, LLC and Phoenix RD Fund II LLC | Blue Glacier Fund II, L.P. | No |
6 | Loan | 10, 11, 12, 16, 33, 36, 37, 38 | 10 | Bedrock Mixed-Use Portfolio | Daniel Gilbert | Rock Backer LLC | No |
6.01 | Property | 1 | Trio on Fort Street | ||||
6.02 | Property | 1 | 28 Grand Apartments | ||||
6.03 | Property | 1 | Madison Building | ||||
6.04 | Property | 1 | 1274 Library Street | ||||
6.05 | Property | 1 | The Ferguson Apartments | ||||
6.06 | Property | 1 | Lofts of Merchant Row | ||||
6.07 | Property | 1 | 620 and 630 Woodward Avenue | ||||
6.08 | Property | 1 | The Globe Building | ||||
6.09 | Property | 1 | 1500 Woodward Avenue | ||||
6.10 | Property | 1 | Fourteen56 Apartments | ||||
7 | Loan | 10, 12, 18 | 1 | University Pointe | Robert Konig and Steven Krausman | Robert Konig and Steven Krausman | No |
8 | Loan | 18, 37, 38 | 1 | Soldier Hill Commons | Paula O’Neill | Paula O’Neill | No |
9 | Loan | 18, 23, 29, 36 | 1 | The Light Building | GrayStreet Light, LP | Kevin Covey | No |
10 | Loan | 9, 10, 19, 20 | 1 | 488 Madison | Feil Organization | Jeffrey J. Feil | No |
11 | Loan | 9, 10, 12, 18, 28, 31, 38 | 1 | Pleasanton Corporate Commons | Rohit Kumar and Jayaprasad Vejendla | Rohit Kumar and Jayaprasad Vejendla | No |
12 | Loan | 10, 11, 12, 18, 20, 23, 24, 38 | 2 | Lotus 315 & Essence 144 | Syed A. Hasan and Ayesha Wahidy | Syed A. Hasan and Ayesha Wahidy | No |
12.01 | Property | 1 | Lotus 315 | ||||
12.02 | Property | 1 | Essence 144 | ||||
13 | Loan | 11, 20, 26, 33, 35, 38 | 2 | Farmingdale Hotel Portfolio | John A. Danzi and John C. Tsunis | John A. Danzi and John C. Tsunis | No |
13.01 | Property | 1 | Courtyard Marriott | ||||
13.02 | Property | 1 | TownePlace Suites | ||||
14 | Loan | 11, 19, 23, 29, 34, 38 | 8 | Rechler Industrial Portfolio - B | Mitchell Rechler and Gregg Rechler | Mitchell Rechler and Gregg Rechler | No |
14.01 | Property | 1 | 2001 Orville Drive North | ||||
14.02 | Property | 1 | 90 Plant Avenue | ||||
14.03 | Property | 1 | 740 Old Willets Path | ||||
14.04 | Property | 1 | 180 Orville Drive | ||||
14.05 | Property | 1 | 104 Parkway Drive South | ||||
14.06 | Property | 1 | 85 Adams Avenue | ||||
14.07 | Property | 1 | 225 Oser Avenue | ||||
14.08 | Property | 1 | 611 Old Willets Path | ||||
15 | Loan | 9, 10, 26, 37 | 1 | Saks Beverly Hills | A&H Acquisitions, Aurora Capital Associates LLC and Jenel Management Corp. | Jack Dushey | No |
16 | Loan | 11, 18, 19, 23, 34 | 5 | Rechler Industrial Portfolio - A | Mitchell Rechler and Gregg Rechler | Mitchell Rechler and Gregg Rechler | No |
16.01 | Property | 1 | 1101 Lakeland Avenue | ||||
16.02 | Property | 1 | 20 Oser Avenue | ||||
16.03 | Property | 1 | 185 Oser Avenue | ||||
16.04 | Property | 1 | 73 Oser Avenue | ||||
16.05 | Property | 1 | 135 Fell Court | ||||
17 | Loan | 33, 37, 38 | 1 | 1042 President Street | Jacob Fulop and Shia Kohn | Jacob Fulop and Shia Kohn | No |
18 | Loan | 12, 18, 25, 32, 37 | 1 | Eleven13 Apartments | Jordan Scharg and Douglas Elenowitz | Jordan Scharg and Douglas Elenowitz | No |
19 | Loan | 10, 11, 18, 23 | 5 | Prime Storage - Blue Portfolio | Robert Moser | Prime Storage Fund III, LP | No |
19.01 | Property | 1 | Prime Storage - Union City | ||||
19.02 | Property | 1 | Prime Storage - Jersey City | ||||
19.03 | Property | 1 | Prime Storage - Newark | ||||
19.04 | Property | 1 | Prime Storage - Hoboken | ||||
19.05 | Property | 1 | Prime Storage - Garfield | ||||
20 | Loan | 18, 29 | 1 | 419 Lafayette Street | Albert Malekan | Albert Malekan | No |
21 | Loan | 12, 18, 19, 29 | 1 | 3575 Cahuenga | David Y. Lee | David Y. Lee | No |
22 | Loan | 10, 18, 19, 29, 33, 36, 38 | 1 | Sunroad Centrum | Sunroad Holding Corporation | Sunroad Holding Corporation | No |
23 | Loan | 1 | Exchange Plaza | Scott Dew and Richard Pachulski | Scott Dew and Richard Pachulski | No | |
24 | Loan | 27, 37 | 1 | Tesla - Lake Elmo | Jeffrey A. Pori | Jeffrey A. Pori | Yes |
25 | Loan | 18 | 1 | Lauretta Landing | Leland Weisband and Arthur Wrubel | Leland Weisband and Arthur Wrubel | No |
26 | Loan | 9, 10, 11, 19, 20, 23, 25, 27, 29, 33, 37, 38 | 20 | GNL Industrial Portfolio | Global Net Lease Operating Partnership, L.P. | Global Net Lease Operating Partnership, L.P. | No |
26.01 | Property | 1 | FCA USA - Detroit, MI | ||||
26.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | ||||
26.03 | Property | 1 | Follett School - McHenry, IL | ||||
26.04 | Property | 1 | Shaw Aero - Naples, FL | ||||
26.05 | Property | 1 | Kuka - Sterling Heights, MI | ||||
26.06 | Property | 1 | ZF Active Safety - Findlay, OH | ||||
26.07 | Property | 1 | CF Sauer - 184 Suburban | ||||
26.08 | Property | 1 | CF Sauer - 728 N Main St. | ||||
26.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | ||||
26.10 | Property | 1 | Hannibal - Houston, TX | ||||
26.11 | Property | 1 | FedEx IV - Lexington, KY | ||||
26.12 | Property | 1 | VersaFlex - Kansas City, KS |
A-1-39 |
Benchmark 2024-V8 - Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Sponsor | Non-Recourse Carveout Guarantor | Delaware Statutory Trust (Y/N) |
26.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | ||||
26.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | ||||
26.15 | Property | 1 | CSTK - St. Louis, MO | ||||
26.16 | Property | 1 | CF Sauer - 39 S Park Dr. | ||||
26.17 | Property | 1 | AM Castle - Wichita, KS | ||||
26.18 | Property | 1 | CF Sauer - 9 Old Mill Road | ||||
26.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | ||||
26.20 | Property | 1 | CF Sauer - 513 West Butler Road | ||||
27 | Loan | 18 | 1 | Madison on Mercer | Tripod Properties | Arun Sriramineni, Omar Hamza, Rahul Grover, Deepak Kaushik and Arun Goel | No |
28 | Loan | 33 | 1 | Silvernail Plaza | Nicholas G. Hodge, Benjamin M. Margiotta, Richard A. Webb and Matthew V. Price | Essential Growth Properties Fund II, LLC | No |
29 | Loan | 37, 38 | 1 | 536 East 183rd Street | Jacob Jacobowitz | Jacob Jacobowitz | No |
30 | Loan | 37 | 1 | 302 Graham Avenue | Joel Schwartz and Shaindy Schwartz | Joel Schwartz | No |
31 | Loan | 1 | Woodbury Gardens | Aaron Guttman | Aaron Guttman | No | |
32 | Loan | 1 | 49 South Clinton Street | Marc Watkins | Marc Watkins | No | |
33 | Loan | 11, 12, 30 | 2 | 371 Broadway & 1776 2nd Avenue Portfolio | Mordechai I. Lipkis | Mordechai I. Lipkis | No |
33.01 | Property | 1 | 371 Broadway | ||||
33.02 | Property | 1 | 1776 2nd Avenue | ||||
34 | Loan | 1 | Durst CVS Columbus | 733 Properties, Inc. | 733 Properties, Inc. | No | |
35 | Loan | 9 | 1 | 3533 Barnes | Shimshon Grunstein | Shimshon Grunstein | No |
A-1-40 |
Benchmark 2024-V8 - Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Tenants-in-common (Y/N) | Loan Purpose | Property Located Within a Qualified Opportunity Zone (Y/N) | Sources: Loan Amount ($) | Sources: Principal's New Cash Contribution ($) | Sources: Subordinate Debt ($) | Sources: Other Sources ($) | Sources: Total Sources ($) | Uses: Loan Payoff ($) | Uses: Purchase Price ($) | Uses: Closing Costs ($) |
31 | 7 | 8 | |||||||||||||
1 | Loan | 9, 10, 13, 15, 23, 26, 29, 33, 38 | 1 | 640 5th Avenue | No | Refinance | No | 300,000,000 | 106,245,190 | 100,000,000 | 0 | 506,245,190 | 501,608,063 | 0 | 1,421,115 |
2 | Loan | 18, 25, 28, 38 | 1 | City Creek Center | No | Refinance | No | 70,000,000 | 246,865 | 0 | 0 | 70,246,865 | 66,329,269 | 0 | 556,341 |
3 | Loan | 9, 10, 18 | 1 | Showcase I | No | Refinance | No | 169,500,000 | 4,571,072 | 0 | 0 | 174,071,072 | 151,744,918 | 0 | 7,542,613 |
4 | Loan | 9, 25, 27, 38 | 1 | Sugarloaf Mills | No | Refinance | No | 66,000,000 | 5,023,495 | 0 | 0 | 71,023,495 | 65,281,823 | 0 | 1,922,010 |
5 | Loan | 19, 33, 38 | 1 | Hilton Garden Inn & Canopy – Chicago Central Loop | No | Refinance | No | 65,000,000 | 33,996,328 | 0 | 0 | 98,996,328 | 95,122,538 | 0 | 3,176,119 |
6 | Loan | 10, 11, 12, 16, 33, 36, 37, 38 | 10 | Bedrock Mixed-Use Portfolio | No | Refinance | 75,000,000 | 0 | 0 | 0 | 75,000,000 | 66,050,211 | 0 | 6,044,555 | |
6.01 | Property | 1 | Trio on Fort Street | No | |||||||||||
6.02 | Property | 1 | 28 Grand Apartments | No | |||||||||||
6.03 | Property | 1 | Madison Building | No | |||||||||||
6.04 | Property | 1 | 1274 Library Street | No | |||||||||||
6.05 | Property | 1 | The Ferguson Apartments | No | |||||||||||
6.06 | Property | 1 | Lofts of Merchant Row | No | |||||||||||
6.07 | Property | 1 | 620 and 630 Woodward Avenue | No | |||||||||||
6.08 | Property | 1 | The Globe Building | No | |||||||||||
6.09 | Property | 1 | 1500 Woodward Avenue | No | |||||||||||
6.10 | Property | 1 | Fourteen56 Apartments | No | |||||||||||
7 | Loan | 10, 12, 18 | 1 | University Pointe | No | Refinance | No | 85,850,000 | 0 | 0 | 0 | 85,850,000 | 61,152,998 | 0 | 5,048,866 |
8 | Loan | 18, 37, 38 | 1 | Soldier Hill Commons | No | Refinance | No | 46,500,000 | 0 | 0 | 0 | 46,500,000 | 36,715,428 | 0 | 2,023,858 |
9 | Loan | 18, 23, 29, 36 | 1 | The Light Building | No | Refinance | No | 43,500,000 | 121,758 | 0 | 0 | 43,621,758 | 40,448,447 | 0 | 2,157,874 |
10 | Loan | 9, 10, 19, 20 | 1 | 488 Madison | No | Refinance | No | 100,000,000 | 17,264,301 | 0 | 0 | 117,264,301 | 90,076,354 | 0 | 889,966 |
11 | Loan | 9, 10, 12, 18, 28, 31, 38 | 1 | Pleasanton Corporate Commons | Yes | Acquisition | No | 65,800,000 | 40,724,498 | 0 | 0 | 106,524,498 | 0 | 105,300,000 | 1,188,858 |
12 | Loan | 10, 11, 12, 18, 20, 23, 24, 38 | 2 | Lotus 315 & Essence 144 | No | Refinance | 86,100,000 | 0 | 0 | 0 | 86,100,000 | 78,827,137 | 0 | 4,010,102 | |
12.01 | Property | 1 | Lotus 315 | No | |||||||||||
12.02 | Property | 1 | Essence 144 | No | |||||||||||
13 | Loan | 11, 20, 26, 33, 35, 38 | 2 | Farmingdale Hotel Portfolio | No | Refinance | 35,000,000 | 1,592,512 | 0 | 0 | 36,592,512 | 31,379,809 | 0 | 905,118 | |
13.01 | Property | 1 | Courtyard Marriott | No | |||||||||||
13.02 | Property | 1 | TownePlace Suites | No | |||||||||||
14 | Loan | 11, 19, 23, 29, 34, 38 | 8 | Rechler Industrial Portfolio - B | No | Refinance | 31,915,000 | 0 | 0 | 0 | 31,915,000 | 15,315,457 | 0 | 1,190,973 | |
14.01 | Property | 1 | 2001 Orville Drive North | No | |||||||||||
14.02 | Property | 1 | 90 Plant Avenue | No | |||||||||||
14.03 | Property | 1 | 740 Old Willets Path | No | |||||||||||
14.04 | Property | 1 | 180 Orville Drive | No | |||||||||||
14.05 | Property | 1 | 104 Parkway Drive South | No | |||||||||||
14.06 | Property | 1 | 85 Adams Avenue | No | |||||||||||
14.07 | Property | 1 | 225 Oser Avenue | No | |||||||||||
14.08 | Property | 1 | 611 Old Willets Path | No | |||||||||||
15 | Loan | 9, 10, 26, 37 | 1 | Saks Beverly Hills | No | Refinance | No | 90,000,000 | 0 | 0 | 0 | 90,000,000 | 32,104,252 | 0 | 1,284,193 |
16 | Loan | 11, 18, 19, 23, 34 | 5 | Rechler Industrial Portfolio - A | No | Refinance | |||||||||
16.01 | Property | 1 | 1101 Lakeland Avenue | No | |||||||||||
16.02 | Property | 1 | 20 Oser Avenue | No | |||||||||||
16.03 | Property | 1 | 185 Oser Avenue | No | |||||||||||
16.04 | Property | 1 | 73 Oser Avenue | No | |||||||||||
16.05 | Property | 1 | 135 Fell Court | No | |||||||||||
17 | Loan | 33, 37, 38 | 1 | 1042 President Street | No | Refinance | No | ||||||||
18 | Loan | 12, 18, 25, 32, 37 | 1 | Eleven13 Apartments | No | Refinance | No | ||||||||
19 | Loan | 10, 11, 18, 23 | 5 | Prime Storage - Blue Portfolio | No | Acquisition | |||||||||
19.01 | Property | 1 | Prime Storage - Union City | No | |||||||||||
19.02 | Property | 1 | Prime Storage - Jersey City | No | |||||||||||
19.03 | Property | 1 | Prime Storage - Newark | No | |||||||||||
19.04 | Property | 1 | Prime Storage - Hoboken | No | |||||||||||
19.05 | Property | 1 | Prime Storage - Garfield | No | |||||||||||
20 | Loan | 18, 29 | 1 | 419 Lafayette Street | No | Refinance | No | ||||||||
21 | Loan | 12, 18, 19, 29 | 1 | 3575 Cahuenga | No | Refinance | No | ||||||||
22 | Loan | 10, 18, 19, 29, 33, 36, 38 | 1 | Sunroad Centrum | No | Refinance | No | ||||||||
23 | Loan | 1 | Exchange Plaza | No | Refinance | No | |||||||||
24 | Loan | 27, 37 | 1 | Tesla - Lake Elmo | No | Acquisition | No | ||||||||
25 | Loan | 18 | 1 | Lauretta Landing | Yes | Refinance | No | ||||||||
26 | Loan | 9, 10, 11, 19, 20, 23, 25, 27, 29, 33, 37, 38 | 20 | GNL Industrial Portfolio | No | Refinance | |||||||||
26.01 | Property | 1 | FCA USA - Detroit, MI | No | |||||||||||
26.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | No | |||||||||||
26.03 | Property | 1 | Follett School - McHenry, IL | No | |||||||||||
26.04 | Property | 1 | Shaw Aero - Naples, FL | No | |||||||||||
26.05 | Property | 1 | Kuka - Sterling Heights, MI | No | |||||||||||
26.06 | Property | 1 | ZF Active Safety - Findlay, OH | No | |||||||||||
26.07 | Property | 1 | CF Sauer - 184 Suburban | No | |||||||||||
26.08 | Property | 1 | CF Sauer - 728 N Main St. | No | |||||||||||
26.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | No | |||||||||||
26.10 | Property | 1 | Hannibal - Houston, TX | No | |||||||||||
26.11 | Property | 1 | FedEx IV - Lexington, KY | No | |||||||||||
26.12 | Property | 1 | VersaFlex - Kansas City, KS | No |
A-1-41 |
Benchmark 2024-V8 - Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Tenants-in-common (Y/N) | Loan Purpose | Property Located Within a Qualified Opportunity Zone (Y/N) | Sources: Loan Amount ($) | Sources: Principal's New Cash Contribution ($) | Sources: Subordinate Debt ($) | Sources: Other Sources ($) | Sources: Total Sources ($) | Uses: Loan Payoff ($) | Uses: Purchase Price ($) | Uses: Closing Costs ($) |
31 | 7 | 8 | |||||||||||||
26.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | No | |||||||||||
26.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | No | |||||||||||
26.15 | Property | 1 | CSTK - St. Louis, MO | No | |||||||||||
26.16 | Property | 1 | CF Sauer - 39 S Park Dr. | No | |||||||||||
26.17 | Property | 1 | AM Castle - Wichita, KS | No | |||||||||||
26.18 | Property | 1 | CF Sauer - 9 Old Mill Road | No | |||||||||||
26.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | No | |||||||||||
26.20 | Property | 1 | CF Sauer - 513 West Butler Road | No | |||||||||||
27 | Loan | 18 | 1 | Madison on Mercer | No | Refinance | No | ||||||||
28 | Loan | 33 | 1 | Silvernail Plaza | No | Acquisition | No | ||||||||
29 | Loan | 37, 38 | 1 | 536 East 183rd Street | No | Refinance | No | ||||||||
30 | Loan | 37 | 1 | 302 Graham Avenue | No | Refinance | No | ||||||||
31 | Loan | 1 | Woodbury Gardens | No | Refinance | No | |||||||||
32 | Loan | 1 | 49 South Clinton Street | No | Refinance | No | |||||||||
33 | Loan | 11, 12, 30 | 2 | 371 Broadway & 1776 2nd Avenue Portfolio | No | Refinance | |||||||||
33.01 | Property | 1 | 371 Broadway | No | |||||||||||
33.02 | Property | 1 | 1776 2nd Avenue | No | |||||||||||
34 | Loan | 1 | Durst CVS Columbus | No | Recapitalization | No | |||||||||
35 | Loan | 9 | 1 | 3533 Barnes | No | Refinance | No |
A-1-42 |
Benchmark 2024-V8 - Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Uses: Reserves ($) | Uses: Principal Equity Distribution ($) | Uses: Other Uses ($) | Uses: Total Uses ($) | Franchise Agreement Expiration | Underwritten ADR ($) | Underwritten RevPAR ($) | Underwritten Hotel Occupancy (%) | Most Recent ADR ($) | Most Recent RevPAR ($) |
1 | Loan | 9, 10, 13, 15, 23, 26, 29, 33, 38 | 1 | 640 5th Avenue | 3,216,012 | 0 | 0 | 506,245,190 | NAP | NAP | NAP | NAP | NAP | NAP |
2 | Loan | 18, 25, 28, 38 | 1 | City Creek Center | 3,361,256 | 0 | 0 | 70,246,865 | NAP | NAP | NAP | NAP | NAP | NAP |
3 | Loan | 9, 10, 18 | 1 | Showcase I | 14,783,541 | 0 | 0 | 174,071,072 | NAP | NAP | NAP | NAP | NAP | NAP |
4 | Loan | 9, 25, 27, 38 | 1 | Sugarloaf Mills | 3,819,662 | 0 | 0 | 71,023,495 | NAP | NAP | NAP | NAP | NAP | NAP |
5 | Loan | 19, 33, 38 | 1 | Hilton Garden Inn & Canopy – Chicago Central Loop | 697,671 | 0 | 0 | 98,996,328 | 9/30/2041; 11/30/2041 | 242.86 | 187.81 | 77.3% | 242.86 | 187.81 |
6 | Loan | 10, 11, 12, 16, 33, 36, 37, 38 | 10 | Bedrock Mixed-Use Portfolio | 0 | 2,905,234 | 0 | 75,000,000 | NAP | NAP | NAP | NAP | NAP | NAP |
6.01 | Property | 1 | Trio on Fort Street | NAP | NAP | NAP | NAP | NAP | NAP | |||||
6.02 | Property | 1 | 28 Grand Apartments | NAP | NAP | NAP | NAP | NAP | NAP | |||||
6.03 | Property | 1 | Madison Building | NAP | NAP | NAP | NAP | NAP | NAP | |||||
6.04 | Property | 1 | 1274 Library Street | NAP | NAP | NAP | NAP | NAP | NAP | |||||
6.05 | Property | 1 | The Ferguson Apartments | NAP | NAP | NAP | NAP | NAP | NAP | |||||
6.06 | Property | 1 | Lofts of Merchant Row | NAP | NAP | NAP | NAP | NAP | NAP | |||||
6.07 | Property | 1 | 620 and 630 Woodward Avenue | NAP | NAP | NAP | NAP | NAP | NAP | |||||
6.08 | Property | 1 | The Globe Building | NAP | NAP | NAP | NAP | NAP | NAP | |||||
6.09 | Property | 1 | 1500 Woodward Avenue | NAP | NAP | NAP | NAP | NAP | NAP | |||||
6.10 | Property | 1 | Fourteen56 Apartments | NAP | NAP | NAP | NAP | NAP | NAP | |||||
7 | Loan | 10, 12, 18 | 1 | University Pointe | 1,214,921 | 18,433,215 | 0 | 85,850,000 | NAP | NAP | NAP | NAP | NAP | NAP |
8 | Loan | 18, 37, 38 | 1 | Soldier Hill Commons | 203,343 | 7,557,371 | 0 | 46,500,000 | NAP | NAP | NAP | NAP | NAP | NAP |
9 | Loan | 18, 23, 29, 36 | 1 | The Light Building | 1,015,437 | 0 | 0 | 43,621,758 | NAP | NAP | NAP | NAP | NAP | NAP |
10 | Loan | 9, 10, 19, 20 | 1 | 488 Madison | 26,297,981 | 0 | 0 | 117,264,301 | NAP | NAP | NAP | NAP | NAP | NAP |
11 | Loan | 9, 10, 12, 18, 28, 31, 38 | 1 | Pleasanton Corporate Commons | 35,640 | 0 | 0 | 106,524,498 | NAP | NAP | NAP | NAP | NAP | NAP |
12 | Loan | 10, 11, 12, 18, 20, 23, 24, 38 | 2 | Lotus 315 & Essence 144 | 1,379,767 | 1,882,994 | 0 | 86,100,000 | NAP | NAP | NAP | NAP | NAP | NAP |
12.01 | Property | 1 | Lotus 315 | NAP | NAP | NAP | NAP | NAP | NAP | |||||
12.02 | Property | 1 | Essence 144 | NAP | NAP | NAP | NAP | NAP | NAP | |||||
13 | Loan | 11, 20, 26, 33, 35, 38 | 2 | Farmingdale Hotel Portfolio | 4,307,585 | 0 | 0 | 36,592,512 | Various | 191.34 | 147.58 | 77.1% | 191.34 | 147.58 |
13.01 | Property | 1 | Courtyard Marriott | 5/31/2027 | 195.87 | 154.46 | 78.9% | 195.87 | 154.46 | |||||
13.02 | Property | 1 | TownePlace Suites | 1/29/2034 | 186.06 | 139.93 | 75.2% | 186.06 | 139.93 | |||||
14 | Loan | 11, 19, 23, 29, 34, 38 | 8 | Rechler Industrial Portfolio - B | 426,830 | 14,981,739 | 0 | 31,915,000 | NAP | NAP | NAP | NAP | NAP | NAP |
14.01 | Property | 1 | 2001 Orville Drive North | NAP | NAP | NAP | NAP | NAP | NAP | |||||
14.02 | Property | 1 | 90 Plant Avenue | NAP | NAP | NAP | NAP | NAP | NAP | |||||
14.03 | Property | 1 | 740 Old Willets Path | NAP | NAP | NAP | NAP | NAP | NAP | |||||
14.04 | Property | 1 | 180 Orville Drive | NAP | NAP | NAP | NAP | NAP | NAP | |||||
14.05 | Property | 1 | 104 Parkway Drive South | NAP | NAP | NAP | NAP | NAP | NAP | |||||
14.06 | Property | 1 | 85 Adams Avenue | NAP | NAP | NAP | NAP | NAP | NAP | |||||
14.07 | Property | 1 | 225 Oser Avenue | NAP | NAP | NAP | NAP | NAP | NAP | |||||
14.08 | Property | 1 | 611 Old Willets Path | NAP | NAP | NAP | NAP | NAP | NAP | |||||
15 | Loan | 9, 10, 26, 37 | 1 | Saks Beverly Hills | 885,575 | 55,725,980 | 0 | 90,000,000 | NAP | NAP | NAP | NAP | NAP | NAP |
16 | Loan | 11, 18, 19, 23, 34 | 5 | Rechler Industrial Portfolio - A | NAP | NAP | NAP | NAP | NAP | NAP | ||||
16.01 | Property | 1 | 1101 Lakeland Avenue | NAP | NAP | NAP | NAP | NAP | NAP | |||||
16.02 | Property | 1 | 20 Oser Avenue | NAP | NAP | NAP | NAP | NAP | NAP | |||||
16.03 | Property | 1 | 185 Oser Avenue | NAP | NAP | NAP | NAP | NAP | NAP | |||||
16.04 | Property | 1 | 73 Oser Avenue | NAP | NAP | NAP | NAP | NAP | NAP | |||||
16.05 | Property | 1 | 135 Fell Court | NAP | NAP | NAP | NAP | NAP | NAP | |||||
17 | Loan | 33, 37, 38 | 1 | 1042 President Street | NAP | NAP | NAP | NAP | NAP | NAP | ||||
18 | Loan | 12, 18, 25, 32, 37 | 1 | Eleven13 Apartments | NAP | NAP | NAP | NAP | NAP | NAP | ||||
19 | Loan | 10, 11, 18, 23 | 5 | Prime Storage - Blue Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | ||||
19.01 | Property | 1 | Prime Storage - Union City | NAP | NAP | NAP | NAP | NAP | NAP | |||||
19.02 | Property | 1 | Prime Storage - Jersey City | NAP | NAP | NAP | NAP | NAP | NAP | |||||
19.03 | Property | 1 | Prime Storage - Newark | NAP | NAP | NAP | NAP | NAP | NAP | |||||
19.04 | Property | 1 | Prime Storage - Hoboken | NAP | NAP | NAP | NAP | NAP | NAP | |||||
19.05 | Property | 1 | Prime Storage - Garfield | NAP | NAP | NAP | NAP | NAP | NAP | |||||
20 | Loan | 18, 29 | 1 | 419 Lafayette Street | NAP | NAP | NAP | NAP | NAP | NAP | ||||
21 | Loan | 12, 18, 19, 29 | 1 | 3575 Cahuenga | NAP | NAP | NAP | NAP | NAP | NAP | ||||
22 | Loan | 10, 18, 19, 29, 33, 36, 38 | 1 | Sunroad Centrum | NAP | NAP | NAP | NAP | NAP | NAP | ||||
23 | Loan | 1 | Exchange Plaza | NAP | NAP | NAP | NAP | NAP | NAP | |||||
24 | Loan | 27, 37 | 1 | Tesla - Lake Elmo | NAP | NAP | NAP | NAP | NAP | NAP | ||||
25 | Loan | 18 | 1 | Lauretta Landing | NAP | NAP | NAP | NAP | NAP | NAP | ||||
26 | Loan | 9, 10, 11, 19, 20, 23, 25, 27, 29, 33, 37, 38 | 20 | GNL Industrial Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | ||||
26.01 | Property | 1 | FCA USA - Detroit, MI | NAP | NAP | NAP | NAP | NAP | NAP | |||||
26.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | NAP | NAP | NAP | NAP | NAP | NAP | |||||
26.03 | Property | 1 | Follett School - McHenry, IL | NAP | NAP | NAP | NAP | NAP | NAP | |||||
26.04 | Property | 1 | Shaw Aero - Naples, FL | NAP | NAP | NAP | NAP | NAP | NAP | |||||
26.05 | Property | 1 | Kuka - Sterling Heights, MI | NAP | NAP | NAP | NAP | NAP | NAP | |||||
26.06 | Property | 1 | ZF Active Safety - Findlay, OH | NAP | NAP | NAP | NAP | NAP | NAP | |||||
26.07 | Property | 1 | CF Sauer - 184 Suburban | NAP | NAP | NAP | NAP | NAP | NAP | |||||
26.08 | Property | 1 | CF Sauer - 728 N Main St. | NAP | NAP | NAP | NAP | NAP | NAP | |||||
26.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | NAP | NAP | NAP | NAP | NAP | NAP | |||||
26.10 | Property | 1 | Hannibal - Houston, TX | NAP | NAP | NAP | NAP | NAP | NAP | |||||
26.11 | Property | 1 | FedEx IV - Lexington, KY | NAP | NAP | NAP | NAP | NAP | NAP | |||||
26.12 | Property | 1 | VersaFlex - Kansas City, KS | NAP | NAP | NAP | NAP | NAP | NAP |
A-1-43 |
Benchmark 2024-V8 - Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Uses: Reserves ($) | Uses: Principal Equity Distribution ($) | Uses: Other Uses ($) | Uses: Total Uses ($) | Franchise Agreement Expiration | Underwritten ADR ($) | Underwritten RevPAR ($) | Underwritten Hotel Occupancy (%) | Most Recent ADR ($) | Most Recent RevPAR ($) |
26.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | NAP | NAP | NAP | NAP | NAP | NAP | |||||
26.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | NAP | NAP | NAP | NAP | NAP | NAP | |||||
26.15 | Property | 1 | CSTK - St. Louis, MO | NAP | NAP | NAP | NAP | NAP | NAP | |||||
26.16 | Property | 1 | CF Sauer - 39 S Park Dr. | NAP | NAP | NAP | NAP | NAP | NAP | |||||
26.17 | Property | 1 | AM Castle - Wichita, KS | NAP | NAP | NAP | NAP | NAP | NAP | |||||
26.18 | Property | 1 | CF Sauer - 9 Old Mill Road | NAP | NAP | NAP | NAP | NAP | NAP | |||||
26.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | NAP | NAP | NAP | NAP | NAP | NAP | |||||
26.20 | Property | 1 | CF Sauer - 513 West Butler Road | NAP | NAP | NAP | NAP | NAP | NAP | |||||
27 | Loan | 18 | 1 | Madison on Mercer | NAP | NAP | NAP | NAP | NAP | NAP | ||||
28 | Loan | 33 | 1 | Silvernail Plaza | NAP | NAP | NAP | NAP | NAP | NAP | ||||
29 | Loan | 37, 38 | 1 | 536 East 183rd Street | NAP | NAP | NAP | NAP | NAP | NAP | ||||
30 | Loan | 37 | 1 | 302 Graham Avenue | NAP | NAP | NAP | NAP | NAP | NAP | ||||
31 | Loan | 1 | Woodbury Gardens | NAP | NAP | NAP | NAP | NAP | NAP | |||||
32 | Loan | 1 | 49 South Clinton Street | NAP | NAP | NAP | NAP | NAP | NAP | |||||
33 | Loan | 11, 12, 30 | 2 | 371 Broadway & 1776 2nd Avenue Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | ||||
33.01 | Property | 1 | 371 Broadway | NAP | NAP | NAP | NAP | NAP | NAP | |||||
33.02 | Property | 1 | 1776 2nd Avenue | NAP | NAP | NAP | NAP | NAP | NAP | |||||
34 | Loan | 1 | Durst CVS Columbus | NAP | NAP | NAP | NAP | NAP | NAP | |||||
35 | Loan | 9 | 1 | 3533 Barnes | NAP | NAP | NAP | NAP | NAP | NAP |
A-1-44 |
Benchmark 2024-V8 - Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Most Recent Hotel Occupancy (%) | Second Most Recent ADR ($) | Second Most Recent RevPAR ($) | Second Most Recent Hotel Occupancy (%) | Third Most Recent ADR ($) | Third Most Recent RevPAR ($) | Third Most Recent Hotel Occupancy (%) |
1 | Loan | 9, 10, 13, 15, 23, 26, 29, 33, 38 | 1 | 640 5th Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
2 | Loan | 18, 25, 28, 38 | 1 | City Creek Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3 | Loan | 9, 10, 18 | 1 | Showcase I | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
4 | Loan | 9, 25, 27, 38 | 1 | Sugarloaf Mills | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
5 | Loan | 19, 33, 38 | 1 | Hilton Garden Inn & Canopy – Chicago Central Loop | 77.3% | 241.76 | 183.00 | 75.7% | 240.87 | 142.89 | 59.3% |
6 | Loan | 10, 11, 12, 16, 33, 36, 37, 38 | 10 | Bedrock Mixed-Use Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
6.01 | Property | 1 | Trio on Fort Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
6.02 | Property | 1 | 28 Grand Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
6.03 | Property | 1 | Madison Building | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
6.04 | Property | 1 | 1274 Library Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
6.05 | Property | 1 | The Ferguson Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
6.06 | Property | 1 | Lofts of Merchant Row | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
6.07 | Property | 1 | 620 and 630 Woodward Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
6.08 | Property | 1 | The Globe Building | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
6.09 | Property | 1 | 1500 Woodward Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
6.10 | Property | 1 | Fourteen56 Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
7 | Loan | 10, 12, 18 | 1 | University Pointe | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
8 | Loan | 18, 37, 38 | 1 | Soldier Hill Commons | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
9 | Loan | 18, 23, 29, 36 | 1 | The Light Building | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10 | Loan | 9, 10, 19, 20 | 1 | 488 Madison | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
11 | Loan | 9, 10, 12, 18, 28, 31, 38 | 1 | Pleasanton Corporate Commons | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
12 | Loan | 10, 11, 12, 18, 20, 23, 24, 38 | 2 | Lotus 315 & Essence 144 | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
12.01 | Property | 1 | Lotus 315 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
12.02 | Property | 1 | Essence 144 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
13 | Loan | 11, 20, 26, 33, 35, 38 | 2 | Farmingdale Hotel Portfolio | 77.1% | 190.77 | 144.52 | 75.8% | 183.43 | 135.99 | 74.1% |
13.01 | Property | 1 | Courtyard Marriott | 78.9% | 194.94 | 152.18 | 78.1% | 188.63 | 143.40 | 76.0% | |
13.02 | Property | 1 | TownePlace Suites | 75.2% | 185.85 | 136.02 | 73.2% | 177.33 | 127.75 | 72.0% | |
14 | Loan | 11, 19, 23, 29, 34, 38 | 8 | Rechler Industrial Portfolio - B | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
14.01 | Property | 1 | 2001 Orville Drive North | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
14.02 | Property | 1 | 90 Plant Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
14.03 | Property | 1 | 740 Old Willets Path | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
14.04 | Property | 1 | 180 Orville Drive | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
14.05 | Property | 1 | 104 Parkway Drive South | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
14.06 | Property | 1 | 85 Adams Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
14.07 | Property | 1 | 225 Oser Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
14.08 | Property | 1 | 611 Old Willets Path | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
15 | Loan | 9, 10, 26, 37 | 1 | Saks Beverly Hills | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
16 | Loan | 11, 18, 19, 23, 34 | 5 | Rechler Industrial Portfolio - A | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
16.01 | Property | 1 | 1101 Lakeland Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
16.02 | Property | 1 | 20 Oser Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
16.03 | Property | 1 | 185 Oser Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
16.04 | Property | 1 | 73 Oser Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
16.05 | Property | 1 | 135 Fell Court | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
17 | Loan | 33, 37, 38 | 1 | 1042 President Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
18 | Loan | 12, 18, 25, 32, 37 | 1 | Eleven13 Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
19 | Loan | 10, 11, 18, 23 | 5 | Prime Storage - Blue Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
19.01 | Property | 1 | Prime Storage - Union City | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
19.02 | Property | 1 | Prime Storage - Jersey City | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
19.03 | Property | 1 | Prime Storage - Newark | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
19.04 | Property | 1 | Prime Storage - Hoboken | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
19.05 | Property | 1 | Prime Storage - Garfield | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
20 | Loan | 18, 29 | 1 | 419 Lafayette Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
21 | Loan | 12, 18, 19, 29 | 1 | 3575 Cahuenga | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
22 | Loan | 10, 18, 19, 29, 33, 36, 38 | 1 | Sunroad Centrum | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
23 | Loan | 1 | Exchange Plaza | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
24 | Loan | 27, 37 | 1 | Tesla - Lake Elmo | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
25 | Loan | 18 | 1 | Lauretta Landing | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
26 | Loan | 9, 10, 11, 19, 20, 23, 25, 27, 29, 33, 37, 38 | 20 | GNL Industrial Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
26.01 | Property | 1 | FCA USA - Detroit, MI | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
26.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
26.03 | Property | 1 | Follett School - McHenry, IL | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
26.04 | Property | 1 | Shaw Aero - Naples, FL | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
26.05 | Property | 1 | Kuka - Sterling Heights, MI | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
26.06 | Property | 1 | ZF Active Safety - Findlay, OH | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
26.07 | Property | 1 | CF Sauer - 184 Suburban | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
26.08 | Property | 1 | CF Sauer - 728 N Main St. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
26.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
26.10 | Property | 1 | Hannibal - Houston, TX | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
26.11 | Property | 1 | FedEx IV - Lexington, KY | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
26.12 | Property | 1 | VersaFlex - Kansas City, KS | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
A-1-45 |
Benchmark 2024-V8 - Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Most Recent Hotel Occupancy (%) | Second Most Recent ADR ($) | Second Most Recent RevPAR ($) | Second Most Recent Hotel Occupancy (%) | Third Most Recent ADR ($) | Third Most Recent RevPAR ($) | Third Most Recent Hotel Occupancy (%) |
26.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
26.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
26.15 | Property | 1 | CSTK - St. Louis, MO | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
26.16 | Property | 1 | CF Sauer - 39 S Park Dr. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
26.17 | Property | 1 | AM Castle - Wichita, KS | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
26.18 | Property | 1 | CF Sauer - 9 Old Mill Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
26.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
26.20 | Property | 1 | CF Sauer - 513 West Butler Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
27 | Loan | 18 | 1 | Madison on Mercer | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
28 | Loan | 33 | 1 | Silvernail Plaza | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
29 | Loan | 37, 38 | 1 | 536 East 183rd Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
30 | Loan | 37 | 1 | 302 Graham Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
31 | Loan | 1 | Woodbury Gardens | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
32 | Loan | 1 | 49 South Clinton Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
33 | Loan | 11, 12, 30 | 2 | 371 Broadway & 1776 2nd Avenue Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
33.01 | Property | 1 | 371 Broadway | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
33.02 | Property | 1 | 1776 2nd Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
34 | Loan | 1 | Durst CVS Columbus | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
35 | Loan | 9 | 1 | 3533 Barnes | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
A-1-46 |
BMARK 2024-V8 Annex A-1 Footnotes
(1) | The Administrative Fee Rate % includes the Servicing Fee Rate, the Operating Advisor Fee Rate, the Certificate Administrator/Trustee Fee Rate, the Asset Representations Reviewer Fee Rate and the CREFC® Intellectual Property Royalty License Fee Rate applicable to each Mortgage Loan. |
(2) | The Monthly Debt Service (P&I) and Annual Debt Service (P&I) ($) shown for Mortgage Loans with a partial interest-only period reflects the amount payable after the expiration of the interest-only period. |
(3) | The open period is inclusive of the Maturity Date or Anticipated Repayment Date. |
(4) | Underwritten NOI DSCR (x), Underwritten NCF DSCR (x), Whole Loan Underwritten NCF DSCR (x) and Total Debt Underwritten NCF DSCR (x) is calculated based on amortizing debt service payments (except for interest-only loans). |
(5) | Leased Occupancy (%) reflects tenants that have signed leases, but are not yet in occupancy or may not be paying rent. |
(6) | The lease expirations shown are based on full lease terms; however, in some instances, the tenant may have the option to terminate its lease prior to the expiration date shown. In addition, in some instances, a tenant may have the right to assign its lease or sublease the leased premises and be released from its obligations under the lease. |
(7) | Property Located Within a Qualified Opportunity Zone (Y/N) reflects Mortgaged Properties that are located in qualified opportunity zones ("QOZs") under Internal Revenue Code § 1400Z-2 - Notice 2018-48 and Notice 2019-42. According to the Internal Revenue Service, (1) a QOZ is an economically distressed community where new investments, under certain conditions, may be eligible for preferential tax treatment, and (2) localities qualify as QOZs if they have been nominated for that designation by a state, the District of Columbia, or a U.S. territory and that nomination has been certified by the Secretary of the Treasury via his delegation of authority to the Internal Revenue Service. No representation is made as to whether any Mortgaged Properties located in QOZs or the related borrowers are eligible for such preferential tax treatment or whether any qualifying investment has been made in a QOZ. |
(8) | If the purpose of the Mortgage Loan was to finance an acquisition of the Mortgaged Property, the field "Sources: Principal's New Cash Contribution ($)" reflects the cash investment by one or more of the equity owners in the borrower in connection with such acquisition. If the purpose of the Mortgage Loan was to refinance the Mortgaged Property, the field "Sources: Principal's New Cash Contribution ($)" reflects the cash contributed to the borrower by one or more of the equity owners at the time the Mortgage Loan was originated. |
(9) | GACC—German American Capital Corporation or one of its affiliates; BMO—Bank of Montreal or one of its affiliates; CREFI—Citi Real Estate Funding Inc. or one of its affiliates; GSMC—Goldman Sachs Mortgage Company or one of its affiliates; Barclays—Barclays Capital Real Estate Inc. or one of its affiliates.
With respect to Loan No. 1, 640 5th Avenue, the mortgage loan is part of a whole loan that was co-originated by Goldman Sachs Bank USA, Bank of Montreal and Morgan Stanley Bank, N.A.
With respect to Loan No. 3, Showcase I, the Mortgage Loan is part of a whole loan that was co-originated by JPMorgan Chase Bank, National Association and CREFI.
With respect to Loan No. 4, Sugarloaf Mills, the Mortgage Loan was co-originated by GACC and Barclays.
With respect to Loan No. 10, 488 Madison Avenue, the Mortgage Loan is part of a Whole Loan that was co-originated by Morgan Stanley Bank, National Association and GACC.
With respect to Loan No. 11, Pleasanton Corporate Commons, the Mortgage Loan is part of a whole loan that was co-originated by Bank of America, N.A. and CREFI.
With respect to Loan No. 15, Saks Beverly Hills, the Mortgage Loan is part of a whole loan that was co-originated by JPMorgan Chase Bank, National Association and CREFI. |
A-1-47 |
With respect to Loan No. 26, GNL Industrial Portfolio, the mortgage loan is part of a whole loan that was co-originated by BMO, Barclays, Societe Generale Financial Corporation and KeyBank National Association.
With respect to Loan No. 35, 3533 Barnes, the Mortgage Loan was originated by Ice Lender Holdings LLC, an unaffiliated third-party, and was purchased by GACC prior to the Closing Date. | |
(10) | With respect to the pari passu loans referenced below, the Underwritten NOI DSCR (x), Underwritten NCF DSCR (x), Cut-off Date LTV Ratio (%), LTV Ratio at Maturity / ARD (%), Underwritten NOI Debt Yield (%), Underwritten NCF Debt Yield (%), and Loan Per Unit ($) are calculated based on the Mortgage Loan included in the issuing entity and the related pari passu companion loans in the aggregate and exclude any mezzanine debt and, in the case of any loans structured with A/B Notes, the secured subordinate debt. For additional information see the table titled “Whole Loan Control Notes and Non–Control Notes” under “Description of the Mortgage Pool—The Whole Loans—General” in this Preliminary Prospectus.
● Loan No. 1 – 640 5th Avenue ● Loan No. 3 – Showcase I ● Loan No. 6 – Bedrock Mixed-Use Portfolio ● Loan No. 7 – University Pointe ● Loan No. 10 – 488 Madison ● Loan No. 11 – Pleasanton Corporate Commons ● Loan No. 12 – Lotus 315 & Essence 144 ● Loan No. 15 – Saks Beverly Hills ● Loan No. 19 – Prime Storage - Blue Portfolio ● Loan No. 22 – Sunroad Spectrum ● Loan No. 26 – GNL Industrial Portfolio |
(11) | With respect to any Mortgaged Property securing a multi–property Mortgage Loan, the amounts listed under the headings “Original Balance ($)” and “Cut–off Date Balance ($)” reflect the Allocated Loan Amount related to such Mortgaged Property.
● Loan No. 6 – Bedrock Mixed-Use Portfolio ● Loan No. 12 – Lotus 315 & Essence 144 ● Loan No. 13 – Farmingdale Hotel Portfolio ● Loan No. 14 – Rechler Industrial Portfolio - B ● Loan No. 16 – Rechler Industrial Portfolio - A ● Loan No. 19 – Prime Storage - Blue Portfolio ● Loan No. 26 – GNL Industrial Portfolio ● Loan No. 33 – 371 Broadway & 1776 2nd Avenue Portfolio |
(12) | With respect to Loan No. 6, Bedrock Mixed-Use Portfolio, the mortgaged properties are mixed-use properties totaling 853,067 square feet across 10 properties. The industrial portion of the mortgaged properties consists of 563,782 square feet (66.1% of total commercial square feet) and is 86.1% leased as of May 20, 2024. The office portion of the mortgaged properties consists of 170,576 square feet (20.0% of total commercial square feet) and is 80.4% leased as of May 20, 2024. The retail portion of the mortgaged properties consists of 117,106 square feet (13.7% of total commercial square feet) and is 72.4% leased as of May 20, 2024. The storage portion of the mortgaged properties consists of 1,603 square feet (0.2% of total commercial square feet) and is 38.4% leased. The three multifamily buildings in the portfolio include 30,152 commercial square feet that is 26.7% leased as of May 20, 2024, and 194 units that are 87.6% leased as of May 20, 2024.
With respect to Loan No. 7, University Pointe, the mortgaged property consists of 877 beds equating to 250 units with 30,943 square feet of ground floor retail. The student housing portion of the mortgaged property is 98.1% occupied as of April 4, 2024 and the retail portion of the mortgaged property is 84.2% occupied as of February 13, 2024. The residential income accounts for 94.1% of total EGI with the commercial income accounting for the remaining 5.9%.
With respect to Loan No. 11, Pleasanton Corporate Commons, the mortgaged property consists of two mixed use office and lab buildings comprising 295,306 square feet. The 6210 Stoneridge Mall Road building contains 145,155 square feet of space which consists of 54% lab and 46% office space. The 6230 Stoneridge Mall Road building contains 150,151 square feet of space which consists of 39% lab and 61% office.
|
A-1-48 |
With respect to Loan No. 12, Lotus 315 & Essence 144, the Lotus 315 mortgaged property consists of 180 residential units, 16,200 square feet of ground floor retail space and 10,907 square feet of self storage space across 160 units. The residential income accounts for 89.4% of the Lotus 315 mortgaged property total EGI with the commercial and self storage income accounting for the remaining 10.6%.
With respect to Loan No. 18, Eleven13 Apartments, the mortgaged property consists of 125, two-bed units of which 23 of the units are rented out on a per bed basis. The remaining five units are townhomes, consisting of two, three-bed units and three, two-bed units.
With respect to Loan No. 21, 3575 Cahuenga, the mortgaged property consists of a 158,886 square foot mixed use building with 137,453 square feet of office space and 21,433 square feet of retail space. Additionally, there is a parking garage at the mortgaged property, which has 377 spaces across five above ground parking levels and two sub-ground parking levels.
| |
With respect to Loan No. 33, 371 Broadway & 1776 2nd Avenue Portfolio, the mortgaged properties collectively consist of two condominium units equating to three retail spaces. The 371 Broadway property has 3,662 square feet of floor area amongst three levels, and represents 4.7866% of the interest in the common elements of the related condominium. The ground level is 2,497 square feet, and there is additional basement space of 569 square feet, and mezzanine space on the second floor of 596 square feet. The 1776 2nd Avenue property has 3,200 square feet of ground level space and will be split into two street-front retail units. The retail condominium space currently represents 2.3567% of the interest in the common elements of the related condominium. | |
(13) | With respect to Loan No. 1, 640 5th Avenue, the 640 5th Avenue Whole Loan and the 640 5th Avenue Mezzanine Loan each have fixed amortization for their entire 60-month loan terms. With respect to the 640 5th Avenue Whole Loan, the borrower is required to make payments on each monthly payment date, as follows: (x) principal in the amount of $437,500 and (y) the monthly interest payment. With respect to the 640 5th Avenue Mezzanine Loan, the mezzanine borrower is required to make payments on each monthly payment date as follows: (x) principal in the amount of approximately $145,833 and (y) the monthly interest payment. |
(14) | The Administrative Fee Rate (%) includes the respective per annum rates applicable to the calculation of the servicing fee, any sub–servicing fee, trustee/certificate administrator fee, operating advisor fee, and CREFC® license fee with respect to each Mortgage Loan. For purposes of this annex A–1, the definition of Administrative Fee Rate as it relates to any Non–Serviced Mortgage Loan includes the related Pari Passu Loan Primary Servicing Fee Rate which includes the “primary servicing fee rate” (as defined or set forth in the applicable pooling and servicing agreement) and any other related servicing or any sub–servicing fee rate (other than those payable to the applicable special servicer) applicable to such Non–Serviced Mortgage Loan that constitutes a portion of the “servicing fee rate” applicable to the other master servicer under the applicable other pooling and servicing agreement. See the table titled “Non–Serviced Whole Loans” under “Summary of Terms—Offered Certificates—Servicing and Administration Fees” in this Prospectus. |
(15) | Annual Debt Service (IO) ($), Annual Debt Service (P&I) ($), Monthly Debt Service (IO) ($), Monthly Debt Service (P&I) ($), Underwritten NOI DSCR (x) and Underwritten NCF DSCR (x) for Mortgage Loans (i) with partial interest only periods are shown based on the monthly debt service payment immediately following the expiration of the interest only period and (ii) that are interest only until the related maturity date are shown based on the interest only payments during the 12-month period following the Cut-off Date (or, in the case of Monthly Debt Service (IO) ($), the average of such interest only payments) without regard to leap year adjustments.
With respect to Loan No. 1, 640 5th Avenue, the 640 5th Avenue Whole Loan and the 640 5th Avenue Mezzanine Loan each have fixed amortization for their entire 60-month loan terms. With respect to the 640 5th Avenue Whole Loan, the borrower is required to make payments on each monthly payment date, as follows: (x) principal in the amount of $437,500 and (y) the monthly interest payment. With respect to the 640 5th Avenue Mezzanine Loan, the mezzanine borrower is required to make payments on each monthly payment date as follows: (x) principal in the amount of approximately $145,833 and (y) the monthly interest payment. |
(16) | “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 required to be 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 is |
A-1-49 |
required to 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 the borrower has established 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, but 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.
With respect to Loan No. 6, Bedrock Mixed-Use Portfolio, the commercial properties in the portfolio, including the Trio on Fort Street mortgaged property, the Madison Building mortgaged property, the 1274 Library Street mortgaged property, the Lofts of Merchant Row mortgaged property, the 620 and 630 Woodward Avenue mortgaged property, The Globe Building mortgaged property, and the 1500 Woodward Avenue mortgaged property are subject to a hard lockbox. The multifamily properties in the portfolio including the 28 Grand Apartments mortgaged property, The Ferguson Apartments mortgaged property, and the Fourteen56 Apartments mortgaged property are subject to a springing lockbox. | |
(17) | “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). |
(18)
| With respect to Loan No. 2, City Creek Center, the increase in Most Recent NOI ($) to Underwritten Net Operating Income ($) reflects increased in-place rents, commercial reimbursement revenue and grossed-up vacant rents.
With respect to Loan No. 3, Showcase I, the increase in Underwritten Net Operating Income ($) of more than 10% over the Most Recent NOI ($) is primarily attributed to (i) the execution of the M&M renewal lease with an effective date and rent step up in September 2025, reflected in the lender underwriting, and (ii) increased parking income per the borrower’s budget. At loan origination, $2,152,888 was reserved, representing the difference through the start of the new lease date between current rent and renewal lease rent.
With respect to Loan No. 7, University Pointe, the increase in Underwritten Net Operating Income ($) of more than 10% over the Most Recent NOI ($) is primarily attributable to underwritten commercial income of $920,064 and straight line rent increases of $632,484 related to the Nova Southeastern University lease.
With respect to Loan No. 8, Soldier Hill Commons, the increase in Underwritten Net Operating Income ($) of more than 10% over the Most Recent NOI ($) is due to the continued lease up of the Soldier Hill Commons mortgaged property that came online in December 2023.
With respect to Loan No. 9, The Light Building, the increase in Underwritten Net Operating Income ($) of more than 10% over the Most Recent NOI ($) is primarily attributed to the execution of three new leases from March 2023 through July 2023 which account for $3,072,828 in underwritten base rent.
With respect to Loan No. 11, Pleasanton Corporate Commons, the increase in Underwritten Net Operating Income ($) of more than 10% over the Most Recent NOI ($) is primarily attributable to contractual rent steps and the commencement of one new lease with 10x Genomics, Inc. in July 2023 for 31,030 square feet and $1,288,326 of underwritten base rent. In addition, expenses were reduced due to removal of the escalators and new security and landscaping contracts.
With respect to Loan No. 12, Lotus 315 & Essence 144, the increase in Underwritten Net Operating Income ($) of more than 10% over the Most Recent NOI ($) is primarily attributable to commercial rental income of $602,244 at the Lotus 315 property. The borrower sponsor recently executed leases with two retail tenants for $427,500 and converted another retail unit into 160 self-storage units which were 41.6% economically occupied as of June 13, 2024. The two retail tenants are not yet in occupancy and have free and or gap rent periods as follows; The tenant Sihana LLC, which accounts for 64.8% of the retail net rentable area at the Lotus 315 |
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| property, is in a 100% rent abatement period through June 30, 2024, a 50% rent abatement period beginning on July 1, 2024 and ending on September 30, 2024, and a 25% rent abatement period beginning on October 1, 2024 and ending on March 31, 2025. The tenant Bernard Jackson Art Gallery, which accounts for 35.2% of the retail net rentable area at the Lotus 315 property, is in a gap rent period through September 6, 2024.
With respect to Loan No. 16, Rechler Industrial Portfolio - A, the increase in Underwritten Net Operating Income ($) of more than 10% over the Most Recent NOI ($) is primarily attributed to the execution of two new leases in October 2023 and February 2024 which account for $783,856 in underwritten base rent.
With respect to Loan No. 18, Eleven13 Apartments, the increase in Underwritten Net Operating Income ($) of more than 10% over the Most Recent NOI ($) is due to recent renovations that were finalized in April 2023, which enabled the borrower to increase gross potential rent.
With respect to Loan No. 19, Prime Storage - Blue Portfolio, the increase in Underwritten Net Operating Income ($) of more than 10% over the Most Recent NOI ($) is primarily attributable to decreases in personnel expenses as a result of the acquisition of the Prime Storage – Blue Portfolio properties from a local operator.
With respect to Loan No. 20, 419 Lafayette Street, the increase in Underwritten Net Operating Income ($) of more than 10% over the Most Recent NOI ($) is primarily attributable to the execution of one new lease in February 2024 for M13 Holdings Company, LLC, the Second Largest Tenant, which represents 14.1% of underwritten base rent.
With respect to Loan No. 21, 3575 Cahuenga, the increase in Underwritten Net Operating Income ($) of more than 10% over the Most Recent NOI ($) is due to newly signed leases and releasing that occurred that property in 2023.
With respect to Loan No. 22, Sunroad Centrum, the increase from Most Recent NOI ($) to Underwritten Net Operating Income ($) is due to a higher underwritten occupancy than the occupancy during the Most Recent NOI period. The Most Recent NOI period does not include any income from the General Services Administration tenant which is expected to take occupancy in July 2024.
With respect to Loan No. 25, Lauretta Landing, the increase from Most Recent NOI ($) to Underwritten Net Operating Income ($) is due to the mortgaged property (which is currently 100.0% occupied) stabilizing at the end of 2023, resulting in a higher UW NOI.
With respect to Loan No. 27, Madison on Mercer, the increase in Underwritten Net Operating Income ($) of more than 10% over the Most Recent NOI ($) is due to recent renovations, which enabled the borrower to increase gross potential rent. |
(19) | The grace periods noted under “Grace Period – Late Fee (Days)” and Grace Period – Default (Days) reflect the number of days of grace before a payment default is an event of default. Certain jurisdictions impose a statutorily longer grace period. Certain of the Mortgage Loans may additionally be subject to grace periods with respect to the occurrence of an event of default (other than a payment default) and/or commencement of late charges which are not addressed in Annex A–1 to this Preliminary Prospectus.
With respect to Loan No. 5, Hilton Garden Inn & Canopy – Chicago Central Loop, the Grace Period – Late Fee (Days) is zero days for the outstanding principal balance due at maturity and five business days is allowed during the term of the mortgage loan for the monthly payment of principal and interest.
With respect to Loan No. 10, 488 Madison, a Grace Period - Late Fee (Days) of five days is permitted other than the payment of principal due on the maturity date.
With respect to Loan No. 14, Rechler Industrial Portfolio – B, Grace Period – Late Fee (Days) is zero days for the outstanding principal balance due at maturity and five days for the monthly payment of interest once in any 12 month period.
With respect to Loan No. 16, Rechler Industrial Portfolio – A, Grace Period – Late Fee (Days) is zero days for the outstanding principal balance due at maturity and five days for the monthly payment of interest once in any 12 month period. |
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With respect to Loan No. 21, 3575 Cahuenga, a Grace Period - Late Fee (Days) of five days is permitted other than the payment of principal due on the maturity date.
With respect to Loan No. 22, Sunroad Centrum, a Grace Period - Late Fee (Days) of five days is permitted once during any 12-month period. This does not apply to principal payment at maturity.
With respect to Loan No. 26, GNL Industrial Portfolio, the borrowers have a five-day Grace Period - Default (Days) once per calendar year so long as the borrowers’ failure to pay debt service on the due date was not in the borrowers’ reasonable control. The grace period does not require notice to the lender and does not apply to the balloon payment. | |
(20) | In certain cases, in addition to an “as–is” value, the appraisal states an “as complete”, “as–stabilized” or “hypothetical” value for the related Mortgaged Property that assumes that certain events will occur with respect to retenanting, construction, renovation or repairs at such Mortgaged Property. The Appraised Value ($) set forth on Annex A–1 is the “as–is” value unless otherwise specified in this Preliminary Prospectus. With respect to the Mortgaged Properties that secure the Mortgage Loans listed in the following table, the Cut-off Date LTV Ratio (%) was calculated using the related “as complete”, “as–stabilized” or “hypothetical” Appraised Values, as opposed to the “as–is” Appraised Values, each as set forth in the following table:
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Mortgage Loan | % of Initial Pool Balance | Mortgage Loan Cut-off Date LTV Ratio(Other Than “As-Is”) | Mortgage Loan LTV Ratio at Maturity (Other Than “As-Is”) | Appraised Value (Other Than “As-Is”) | Mortgage Loan Cut-off Date LTV Ratio (“As-Is”) | Mortgage Loan LTV Ratio at Maturity (“As-Is”) | Appraised Value (“As-Is”) | |
488 Madison(1) | 4.0% | 45.5% | 45.5% | $220,000,000 | 55.6% | 55.6% | $180,000,000 | |
Lotus 315 & Essence 114(2) | 3.6% | 69.6% | 69.6% | $123,700,000 | 70.5% | 70.5% | $122,200,000 | |
Farmingdale Hotel Portfolio(3) | 3.5% | 53.0% | 53.0% | $66,000,000 | 61.4% | 61.4% | $57,000,000 |
(1) | The Appraised Value (Other Than "As-Is") represents the "As Is Assuming ADNY Reserves" value for the 488 Madison mortgaged property of $220,000,000 as of April 1, 2024, which assumes that the contractual obligations from the Archdiocese of New York lease (free rent, tenant improvements, leasing costs, and other capital expenditures) would be funded by a cash reserve held in escrow and that such reserved funds would be available for any potential purchase. At origination, the borrower reserved $20,353,872 for outstanding amounts for the Archdiocese of New York tenant improvement and allowances, and $2,127,815 for the Archdiocese of New York tenant leasing commissions with the lender. Additionally, the borrower provided a letter of credit to the lender in the amount of $8,462,091 for the tenant Archdiocese of New York's free rent funds and gap rent funds. The appraisal concluded to an "As-Is" appraised value of $180,000,000 as of April 1, 2024, resulting in a Cut-off Date LTV Ratio and Maturity Date LTV Ratio of 55.6%. In addition, the appraisal employs the extraordinary assumptions that the 488 Madison Property will be subdivided into condominiums and that the Archdiocese of New York unit real estate tax exemption will be granted, and that beginning March 1, 2025, the real estate taxes attributable to the Archdiocese of New York tax lot (29 528%6 of real estate taxes) will be abated. Without the tax exemption, underwritten NOI DSCR, NCF DSCR, NOI Debt Yield and NCF Debt Yield would be 1.97x, 1.67, 13.7% and 11.7%, respectively. | |
(2) | Appraised Value represents the aggregate appraised value of the Lotus 315 mortgaged property and the Essence 144 mortgaged property. The Appraised Value for the Lotus 315 property represents the "prospective market value upon stabilization" of $73,200,000 as of October 1, 2024 which includes value attributable to the renovated commercial units at the Lotus 315 property. The Appraised Value for the Essence 144 property represents the "as is" value of $50.500,000 as of April 23, 2024 | |
(3) | Appraised Value represents the aggregate “as stabilized” values of the Farmingdale Hotel Portfolio mortgaged properties as of January 1, 2026 which assumes the completion of the PIP Reserve - Courtyard and TRIP Reserve - TownePlace both of which have been reserved for upfront. | |
With respect to Loan No. 26, GNL Industrial Portfolio, the appraised value represents the aggregate of the “as-is” appraised values of the GNL Industrial Portfolio mortgaged properties, which results in a Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) of 53.8%. The individual appraisal valuation dates are between February 28, 2024 and March 7, 2024. | |
(21) | 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. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Partial Releases” in this Prospectus. In addition, certain of the Mortgage Loans permit the borrower to prepay a portion of the Mortgage Loan to avoid or cure a cash sweep period due to a low debt yield or debt service coverage ratio trigger. |
(22) | 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.
“YM(x)” means may be prepaid for x payments with payment of a yield maintenance charge.
“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. “DorYM1(x)” means may be prepaid for x payments with either defeasance or a yield maintenance charge or 1% of the amount prepaid.
“O(x)” means freely prepayable for x payments, including the maturity date. |
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(23) | With respect to Loan No. 1, 640 5th Avenue, the lockout period for prepayment of the 640 5th Avenue Whole Loan will be at least 24 months beginning with and including the first payment date on August 1, 2024; provided that partial prepayment to resize the 640 5th Avenue Whole Loan to satisfy certain debt yield requirements are permitted during the whole loan term with the payment of the applicable yield maintenance. Defeasance of the 640 5th Avenue Whole Loan, in whole (but not in part), is permitted after the date that is the earlier of (i) two years from the closing date of the securitization that includes the last note to be securitized and (ii) August 1, 2027. The assumed defeasance lockout period of 24 payments is based on the expected Benchmark 2024-V8 securitization closing date in July 2024. The actual lockout period may be longer.
With respect to Loan No. 9, The Light Building, the borrower may obtain the release of a portion of The Light Building mortgaged property as described in this Preliminary Prospectus under “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Partial Releases".
With respect to Loan No. 12, Lotus 315 & Essence 144, the borrowers may obtain the release of either of the individual Lotus 315 & Essence 144 properties as described in this Preliminary Prospectus under “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Partial Releases".
With respect to Loan No. 14, Rechler Industrial Portfolio – B, the borrower may obtain the release of any of the individual Rechler Industrial Portfolio – B properties as described in this Preliminary Prospectus under “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Partial Releases".
With respect to Loan No. 16, Rechler Industrial Portfolio – A, the borrowers may obtain the release of any of the Rechler Industrial Portfolio – A individual properties as described in this Preliminary Prospectus under “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Partial Releases". |
With respect to Loan No. 19, Prime Storage - Blue Portfolio, the borrowers may obtain the release of any of the individual Prime Storage - Blue Portfolio properties as described in this Preliminary Prospectus under “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Partial Releases".
With respect to Loan No. 26, GNL Industrial Portfolio, the GNL Industrial Portfolio Whole Loan may be voluntarily prepaid in whole (but not in part, other than in connection with the release of an individual property, to cure a debt yield trigger or to obtain the DSCR threshold necessary for casualty/condemnation proceeds to be made available to the borrowers), at any time after April 5, 2025, with the payment of a yield maintenance premium if such prepayment is made prior to October 6, 2028. From and after October 6, 2028, the GNL Industrial Portfolio Whole Loan may be voluntarily prepaid in whole (but not in part, other than in connection with the release of an individual property, to cure a debt yield trigger or to obtain the DSCR threshold necessary for casualty/condemnation proceeds to be made available to the borrowers), without the payment of a yield maintenance premium. The GNL Industrial Portfolio Whole Loan may be defeased in whole (but not in part, other than in connection with the release of an individual property pursuant to the GNL Industrial Portfolio Whole Loan documents) at any time after the earlier to occur of (i) April 5, 2027 and (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note of the GNL Industrial Portfolio Whole Loan to be securitized. The assumed defeasance lockout period of 27 payments is based on the expected Benchmark 2024-V8 securitization closing date in July 2024. The actual lockout period may be longer. | |
(24) | With respect to Loan No. 12, Lotus 315 & Essence 144, the lockout period will be at least 25 payment dates beginning with and including the first payment date in July 2024. Defeasance of the Lotus 315 & Essence 144 whole loan in whole but not in part is permitted after the date that is earlier of (i) two years from the closing date of the securitization that includes the last note of the Lotus 315 & Essence 144 whole loan to be securitized and (ii) June 3, 2027. The assumed defeasance lockout period of 25 payments is based on the anticipated closing date of the Benchmark 2024-V8 securitization trust in July 2024. The actual lockout period may be longer. |
(25) | Partial release in connection with a partial prepayment or partial defeasance or substitution or a free release is permitted for the following loans. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Partial Releases” in this Preliminary Prospectus for the terms of the releases.
With respect to Loan No. 2, City Creek Center, the Mortgage Loan documents permit the borrower to obtain the release of non-income producing or vacant portions of the City Creek Center Property in connection with a transfer to third parties or affiliates of the borrower without the payment of a release price provided that, among other conditions, the borrower satisfies customary REMIC requirements. |
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With respect to Loan No. 4, Sugarloaf Mills, the Mortgage Loan documents permit the borrower to obtain the release of immaterial or non-income producing portions of the Mortgaged Property in connection with a transfer to third parties or affiliates of the borrower without the payment of a release price provided that, among other conditions, the borrower satisfies customary REMIC requirements. With respect to Loan No. 18, Eleven13 Apartments, in order to prevent a Trigger Event from occurring as a result of Low DSCR Period, the borrower may deposit cash or an acceptable letter of credit in an amount equal to the amount that, if used to partially prepay the mortgage loan to reduce the outstanding principal balance of the Loan, would be in an amount sufficient to cure the Low DSCR Period (such amount, the “Low DSCR Cure Deposit"). The Low DSCR Cure Deposit will be held by the lender as additional collateral for the mortgage loan and may be returned to the borrower if the cure conditions described above are satisfied without giving any effect to the Low DSCR Cure Deposit.
With respect to Loan No. 26, GNL Industrial Portfolio, on any payment date following (a) April 5, 2025 (with payment of a yield maintenance premium) or (b) the earlier of two years following the last note to be securitized or April 5, 2027 (with a partial defeasance), the borrowers may obtain the release of any of the GNL Industrial Portfolio mortgaged properties with 15 days’ notice if the following conditions (among others) are met: (i) no event of default has occurred and is continuing; (ii) the borrowers pay all costs and provide customary documentation as described in the GNL Industrial Portfolio whole loan documents; (iii) as of the date of consummation of the partial release, (a) the debt service coverage ratio with respect to the remaining GNL Industrial Portfolio mortgaged properties (as determined in accordance with the terms of the GNL Industrial Portfolio whole loan documents) will be no less than 2.12x (i.e., the debt service coverage ratio as of the origination date) or (b) if the released GNL Industrial Portfolio mortgaged property is an individual property, that as of the proposed partial release date for such property, and as reasonably determined by the lender, (i) is vacant and/or (ii) at which the tenant is not paying rent in violation of the applicable lease (such property, a “Distressed Property”), then such debt service coverage ratio with respect to the remaining individual GNL Industrial Portfolio mortgaged properties will be no less than 1.80x; (iv) as of the date of consummation of the partial release, (a) the debt yield with respect to the remaining individual GNL Industrial Portfolio mortgaged properties (as determined in accordance with the terms of the GNL Industrial Portfolio whole loan documents) will be no less than 12.63% (i.e., the debt yield as of the origination date) or (b) if the released property is a Distressed Property, then such debt yield with respect to the remaining individual GNL Industrial Portfolio mortgaged properties will be no less than 10.75%; (v) payment of the release amount equal to (a) 130% of the allocated loan amount for such individual GNL Industrial Portfolio mortgaged property if such individual property is a Distressed Property and (b) 115% of the allocated loan amount for such individual GNL Industrial Portfolio mortgaged property for all other individual properties (including any applicable yield maintenance premium); and (vi) the satisfaction of customary REMIC requirements. If the related borrower effectuates a partial release of the CF Sauer – 9 Old Mill Road mortgaged property while the CF Sauer – 728 N Main St. mortgaged property remains subject to the lien of the security instrument, then as a condition to the partial release of the CF Sauer – 9 Old Mill Road mortgaged property, such borrower is required to enter into and record a reciprocal easement agreement that grants ingress and egress rights and easements for parking and access that provide the CF Sauer – 728 N Main St. mortgaged property with ingress, egress, parking and access comparable to that existing as of the origination date. | |
(26) | The following Mortgaged Properties consist, in whole or in part, of the related borrower’s interest in one or more ground leases, space leases, air rights leases or other similar leasehold interests:
With respect to Loan No. 1, 640 5th Avenue, a prior owner of the mortgaged property ground leased the mortgaged property to the owner of the property located at 650 5th Avenue (the “Air Rights Tenant”), who subleased the mortgaged property (other than other than development rights relating to the West 52nd Street building, which was retained by the Air Rights Tenant) back to such prior owner of the mortgaged property, solely for the purpose of satisfying certain zoning requirements in connection with the transfer of such development rights to the Air Rights Tenant.
With respect to Loan No. 13, Farmingdale Hotel Portfolio, the related mortgaged properties are both ground leased by affiliates of the borrowers from the New York State Department of Transportation, and are sub-ground leased by such affiliates (which also signed a joinder to the mortgage) to the borrowers. Each ground lease and sub-ground lease expires September 12, 2045, with two, 10-year renewal options. Each borrower in turn leases its related mortgaged property to an operating lessee owned by such borrower. See “Description of the Mortgage Pool— Fee & Leasehold Estates; Ground Leases” in the Preliminary Prospectus. |
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With respect to Loan No. 15, Saks Beverly Hills, the mortgaged property is ground leased by the borrower from The Rosalinde and Arthur Gilbert Foundation Trust, together with Ultimate Action LLC, BB/TB BH LLC and Virginia Blum as landlord. The ground lease expires July 31, 2088. | |
(27) | With respect to Loan No. 4, Sugarloaf Mills, an affiliate of the related borrower sponsor, Mills Enterprises, Inc., master leases approximately 7.4% of the net rentable area at the Mortgaged Property and subleases it to Medieval Times as described under “Tenant Issues—Other” in the Preliminary Prospectus.
With respect to Loan No. 24, Tesla - Lake Elmo, the mortgaged property is subject to a master lease between KB Lake Elmo, DST, as lessor, and KB Lake Elmo MT, LLC, as lessee.
With respect to Loan No. 26, GNL Industrial Portfolio, the CF Sauer - 184 Suburban, CF Sauer - 9 Old Mill Road, CF Sauer - 2447 Eunice Avenue, CF Sauer - 39 S Park Dr. and CF Sauer - 513 West Butler Road mortgaged properties are subject to a master lease between ARG CFSRSLB001, LLC, as lessor, and Sauer Brands, Inc., as lessee. |
(28) | With respect to Loan No. 2, City Creek Center, the Second Largest Tenant, Gap Kids, expires on June 30, 2024 and has a one-year renewal in place.
With respect to Loan No. 11, Pleasanton Corporate Commons, the sole tenant, 10x Genomics, Inc., has a lease expiration date of September 30, 2029 for 150,151 square feet at 6230 Stoneridge Mall Road and a lease expiration date of June 30, 2033 for 145,155 square feet at 6210 Stoneridge Mall Road. |
(29) | With respect to Loan No. 1, 640 5th Avenue, the Third Largest Tenant, The Klein Group, LLC, has a two-time right to terminate its lease, effective either December 31, 2027 or December 31, 2029, subject to, among other things, providing notice to the borrower no later than one year before the effective date of each such termination right, satisfaction of certain minimum occupancy and demise requirements under the lease, no event of default has occurred and is continuing under the lease and the payment of a termination fee. Additionally, the Fifth Largest Tenant, Buchanan Ingersoll & Rooney, has a one-time right to terminate its lease, effective January 2, 2026, subject to providing notice to the borrower no later than November 8, 2024 and the payment of a termination fee.
With respect to Loan No. 9, The Light Building, the Largest Tenant, 90th Shadows Edge - Chenega, has the ongoing right to terminate its lease effective as of February 28, 2025 or February 28, 2026 upon one month’s prior written notice to the borrower.
With respect to Loan No. 9, The Light Building, the Second Largest Tenant, Hearst Corporation, may terminate its lease effective on May 31, 2028, with 60 days' prior notice. Hearst Corporation also has a continuing right to surrender possession of 7,250 SF of space on the third floor from and after January 1, 2025 with 180 days’ prior written notice.
With respect to Loan No. 9, The Light Building, the Fifth Largest Tenant, Namauu Corp dba LevelUp, has the right to terminate its lease upon the first, second and third anniversary of such tenant’s lease commencement date upon 30 days’ prior written notice to the borrower and payment of a termination fee. The tenant’s lease commenced on May 22, 2023.
With respect to Loan No. 14, Rechler Industrial Portfolio – B, the sole tenant, Peerless Electronics at the 85 Adams Avenue mortgaged property, has a one-time right to terminate its lease as of the last day of the 7th lease year (February 28, 2026) with 12 months prior written notice and the payment of a termination fee.
With respect to Loan No. 20, 419 Lafayette Street, the Largest Tenant, New York Shakespeare Festival, has the right to terminate its lease on 270 days notice and the payment of a termination fee.
With respect to Loan No. 20, 419 Lafayette Street, the Second Largest Tenant, M13 Holdings Company, LLC, has the right to terminate its lease effective August 2031 with nine months notice and the payment of a termination fee.
With respect to Loan No. 21, 3575 Cahuenga, the Second Largest Tenant, Wild Woods, Inc., has a one-time option to terminate its lease effective the last day of the 36th full month of the extended lease term upon no less than six months’ prior written notice to the landlord. |
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With respect to Loan No. 22, Sunroad Centrum, the Largest Tenant, General Services Administration, has an ongoing right to terminate its lease beginning in June 2039, which is beyond the term of the related whole loan.
With respect to Loan No. 22, Sunroad Centrum, the Third Largest Tenant, Employment Development Department (EDD), is a department of and is backed by the Government of California and has the right to terminate its lease at any time on or after August 31, 2027.
With respect to Loan No. 26, GNL Industrial Portfolio, Grupo Antolin, the sole tenant at the Grupo Antolin - Shelby Township, MI mortgaged property, has a one-time right to terminate its lease, effective as of the last day of the 138th month of the lease term, April 2029, by providing the related borrower written notice of such termination no later than the 126th month of the lease term, April 2028.
With respect to Loan No. 26, GNL Industrial Portfolio, ZF Active Safety, the sole tenant at the ZF Active Safety - Findlay, OH mortgaged property, has the right to terminate its lease, effective as of the last day of the 120th month of the lease term, September 2028, subject to providing no less than 12 months’ prior written notice to the related borrower and payment equal to the net present value of all remaining rent for the remainder of the initial lease term calculated using an interest rate of 5% concurrently with delivery of such notice.
With respect to Loan No. 26, GNL Industrial Portfolio, A.M. Castle & Co, the sole tenant at the AM Castle - Wichita, KS mortgaged property, has the right to terminate its lease, effective as of the last day of the 120th month of the lease term, October 2024, subject to providing no less than 180 days’ prior written notice to the related borrower and payment of a termination fee. | |
(30) | Tenants under certain leases included in the Underwritten Net Cash Flow, Underwritten NOI and/or Occupancy may not be in physical occupancy, may not have begun paying rent or may be in negotiation. With respect to the largest 15 Mortgage Loans and certain tenants representing more than 25% of the net rentable area of a Mortgaged Property, see “Description of the Mortgage Pool—Tenant Issues—Lease Expirations and Terminations—Other” in this Preliminary Prospectus.
The tenants–shown in Annex A–1–have signed leases but may or may not be open for business as of the Cut–off Date.
With respect to Loan No. 33, 371 Broadway & 1776 2nd Avenue Portfolio, the sole tenant at the 371 Broadway Property, Hanwha Foundation of Culture, has executed a lease to occupy 3,662 square feet at the mortgaged property but is not yet in occupancy. Hanwha Foundation of Culture took possession of its leased premises on November 17, 2023 and the space is currently in the process of being built out. The leased premises currently operates under a temporary certificate of occupancy (“TCO”) that expires on June 23, 2024. As the TCO covers the entirety of the building, the responsibility for renewing the TCO and ultimately getting a permanent certificate of occupancy(“PCO”) is with the condominium board. Any failure of the space to have a TCO or PCO that results in the Hanwha Foundation of Culture’s inability to operate will entitle the tenant to 100% rent abatement. The rent commencement date is July 17, 2024. |
(31) | The following Mortgage Loans have one or more borrowers that own all or a portion of the related Mortgaged Property as tenants–in–common. See “Description of the Mortgage Pool—Mortgage Pool Characteristics—– Tenancies–in–Common or Diversified Ownership” in this Preliminary Prospectus for further information.
With respect to Loan No. 11, Pleasanton Corporate Commons, the borrowers own the related Mortgaged Property as tenants-in-common. |
(32) | With respect to Loan No. 18, Eleven13 Apartments, a Low DSCR Period will not commence until the calculation date ending March 31, 2025. |
(33) | With respect to Loan No. 1, 640 5th Avenue, during a trigger period, the borrower is required to deposit into a reserve for capital expenditures, on a monthly basis, approximately $8,134 for the payment or reimbursement of approved capital expenses. Such monthly deposits will not be required during such time that the balance of the capital expense reserve exceeds approximately $195,217.
With respect to Loan No. 5, Hilton Garden Inn & Canopy – Chicago Central Loop, the borrowers are required to deposit into an eligible account (the “FF&E Reserve Account”) on each monthly payment date, an amount |
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equal to the greater of (i) the FF&E Payment (as defined below) and (ii) the amount of the deposit if any then required by the franchisors on account of furniture, fixtures and equipment under each franchise agreement. “FF&E Payment” means, with respect to the corresponding monthly payment date, an amount equal to (A) commencing on the origination date through and including June 6, 2025, 1/12th of 3.0%, and (B) thereafter, 1/12th of 4.0%, in each case of the greater of (x) the annual gross revenues for the hotel related operations at the Hilton Garden Inn & Canopy - Chicago Central Loop Property for the immediately preceding calendar year and (y) the projected annual gross revenues for the hotel related operations at the Hilton Garden Inn & Canopy – Chicago Central Loop Property for the immediately succeeding calendar year as set forth in the then-current approved annual budget. The initial monthly FF&E Payment was determined to be approximately $65,049.
With respect to Loan No. 6, Bedrock Mixed-Use Portfolio, the borrower is required to deposit for TI/LC Reserves on a monthly basis an amount equal to the lesser of (x) $75,000 and (y) the difference between the amount then on deposit in the rollover reserve account and $3,000,000.
With respect to Loan No. 13, Farmingdale Hotel Portfolio, the borrowers are required to deposit into an eligible account (the “FF&E Reserve Account”) on each monthly payment date, an amount equal to the greater of (i) the FF&E Payment (as defined below) and (ii) the amount of deposit if any then required by the franchisor on account under the franchise agreement. The “FF&E Payment” means an amount equal to 1/12 of four percent (4%) of the greater of (a) the annual gross revenues for the hotel related operations at the Farmingdale Hotel Portfolio Properties for the immediately preceding calendar year as reasonably determined by the lender and (b) the projected annual gross revenues for the hotel related operations for the calendar year in which such monthly payment date occurs as set forth in the approved annual budget. The initial monthly FF&E Payment was determined to be approximately $47,376.
With respect to Loan No. 13, Farmingdale Hotel Portfolio, the borrowers are required to deposit into an eligible account (the “Seasonality Reserve Account”) (i) on each monthly payment date through and including the monthly payment date occurring in January, 2025, $44,030.23, (ii) starting with the monthly payment date occurring in April, 2025, on the monthly payment date occurring in April through January (inclusive) of each year, an amount equal to $24,461.24 and (iii) for the monthly payment date occurring in May, 2025 and in May of each year thereafter, the seasonality reserve monthly deposit will be increased to account for the difference, if any, between the then-current seasonality reserve monthly deposit and the amount deposited on account thereof on the monthly payment date occurring in the immediately preceding month of April.
With respect to Loan No. 17, 1042 President Street, at origination, the borrower deposited $55,000 into a replacement reserve and will make monthly deposits of $916.67 into such replacement reserve. If the amount on deposit equals or exceeds the replacement reserve cap of $55,000, then the borrower will not be required to make further deposits, unless the replacement reserve balance falls below $11,000.
With respect to Loan No. 22, Sunroad Centrum, on each payment date, if and to the extent the amount contained in the replacement reserve ($) account is less than $274,758, the borrower is required to deposit into the replacement reserve ($) account an amount equal to $6,869.50.
With respect to Loan No. 26, GNL Industrial Portfolio, during the continuance of a cash sweep period, the borrowers are required to deposit into an account for repairs and replacements, on a monthly basis, an amount equal to 1/12th of $0.15 multiplied by the total number of rentable square feet. In the event of a partial release, the monthly deposit will be reduced by an amount equal to 1/12th of the product obtained by multiplying $0.15 by the total number of rentable square feet of the individual mortgaged property that is subject of such partial release.
With respect to Loan No. 26, GNL Industrial Portfolio, during a cash sweep period, the borrowers are required to deposit into a reserve for tenant improvements and leasing commissions, on a monthly basis, an amount equal to 1/12th of $0.25 multiplied by the total number of rentable square feet. In the event of a partial release, the monthly deposit will be reduced by an amount equal to 1/12th of the product obtained by multiplying $0.25 by the total number of rentable square feet of the individual mortgaged property that is subject of such partial release.
With respect to Loan No. 28, Silvernail Plaza, on a monthly basis, the borrower is required to escrow approximately $7,270 for TI/LC reserves (subject to a cap equal to $200,000). | |
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(34) | With respect to the Mortgage Loans listed in the following table, the direct and indirect equity owners of the borrower are permitted to incur future mezzanine debt, subject to the satisfaction of conditions contained in the related Mortgage Loan documents, including, among other things, a combined maximum loan-to-value ratio, a combined minimum debt service coverage ratio and/or a combined minimum debt yield, as listed in the following table and determined in accordance with the related Mortgage Loan documents:
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Mortgage Loan Name | Mortgage Loan Cut-off Date Balance | Pari Passu Companion Loan Cut-off Date Balance | Subordinate Companion Loan Cut-off Date Balance | Combined Maximum LTV Ratio | Combined Minimum DSCR | Combined Minimum Debt Yield | Intercreditor Agreement Required | |
Rechler Industrial Portfolio - B | $31,915,000 | NAP | NAP | (1) | (1) | (1) | Yes | |
Rechler Industrial Portfolio - A | $22,835,000 | NAP | NAP | (1) | (1) | (1) | yes |
(1) | With respect to each of the Rechler Industrial Portíolio B mortgage loan and Rechier Industrial Portfolio A mortgage loan, future mezzanine financing secured by a pledge of the direct ownership interests in the borrower may be obtained subject to certain conditions, including, among others, (i) at the time of origination of such permitted mezzanine debt (x) the combined loan-to-value ratio of the total indebtedness may not exceed the loan-to-value ratio of such Mortgage Loan as of its date of origination, (y) the combined debt service coverage ratio of the mortgage loan and any permitted mezzanine debt must be at least equal to the debt service coverage ratio of such mortgage loan as of its date of origination and (z) the combined debt yield of the mortgage loan and any permitted mezzanine debt must be at least equal to the debt yield of such mortgage loan as of its date of origination. |
(35) | With respect to Loan No. 13, Farmingdale Hotel Portfolio, the Courtyard Marriott mortgaged property has a current franchise agreement expiration date of May 31, 2027. Upon the franchisee’s successful completion of a Property Improvement Plan (the “PIP”) to the satisfaction of the franchisor by March 28, 2025, the franchisee will have the right to extend the term of the franchise agreement to May 31, 2045, provided that the franchisee satisfies certain conditions set forth in such amendment. |
(36) | With respect to Loan No. 6, Bedrock Mixed-Use Portfolio, 6.5% of the net rentable area across the portfolio and 22.2% of the commercial rent comes from three borrower affiliated Tenants: (1) Bedrock Management Services, which accounts for 25,783 square feet and 13.3% of the commercial base rent, (2) Detroit Venture Partners LLC, which accounts for 20,057 square feet and 5.7% of the commercial base rent, and (3) Rockbridge Growth Equity LLC, which accounts for 9,780 square feet and 3.1% of the commercial base rent.
With respect to Loan No. 9, The Light Building, the Fourth Largest Tenant, SCIF – GSS, is an affiliate of the borrower sponsor.
With respect to Loan No. 22, Sunroad Centrum, the Fifth Largest Tenant, Sunroad Asset Management, leasing approximately 9.1% of the net rentable area at the Mortgaged Property, is an affiliate of the related borrower sponsor. |
(37) | With respect to Loan No. 6, Bedrock Mixed-Use Portfolio, historical financials prior to 2020 are not available as sponsor acquired the Trio on Fort Street mortgaged property in 2020.
With respect to Loan No. 8, Soldier Hill Commons, the most recent financials reflect the trailing three months annualized as of April 30, 2024 as the Soldier Hill Commons mortgaged property was not completed until December 2023.
With respect to Loan No. 15, Saks Beverly Hills, historical financials are unavailable due to Saks Fifth Avenue opening for business at the Saks Beverly Hills mortgaged property in February 2024.
With respect to Loan No. 17, 1042 President Street, historical financial information is not available because the improvements were completed in 2023.
With respect to Loan No. 18, Eleven13 Apartments, historical financials prior to 2022 are not available as the mortgaged property was acquired by the sponsor in November 2021.
With respect to Loan No. 24, Tesla - Lake Elmo, historical financial information is not available because the improvements were completed in 2024.
With respect to Loan No. 26, GNL Industrial Portfolio, Fourth most recent revenue is unavailable because the GNL Industrial Portfolio properties were acquired by the borrower sponsor on various dates between 2014 and 2020. |
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With respect to Loan No. 29, 536 East 183rd Street historical financials are unavailable as the mortgaged property was constructed in 2023.
With respect to Loan No. 30, 302 Graham Avenue historical financials are unavailable as the mortgaged property was constructed in 2023. | |
(38) | With respect to Loan No. 1, 640 5th Avenue, the non-recourse carveout guarantor’s recourse obligations with respect to bankruptcy or insolvency related events is capped at 25% of the outstanding principal balance of the 640 5th Avenue Whole Loan, plus lender’s enforcement costs under the guaranty (including, reasonable attorneys’ fees). Additionally, recourse for losses relating to a transfer of the related mortgaged property or interests in the borrower is limited to voluntary transfers of all or any material portion of the such mortgaged property (or any direct or indirect interest therein) or any direct or indirect interest in the borrower that results in the borrower ceasing to be controlled, directly or indirectly, by either (i) Vornado Realty L.P., (ii) Vornado Realty Trust, (iii) Crown Jewel Partners LLC and/or (iv)(a) a person that has a net worth (exclusive of the value of the mortgaged property and any liabilities associated therewith), determined as of a date no more than six months prior to the date of the relevant transfer, of at least $400,000,000, or (b) is a person in which more than 20% of the ownership interests are owned directly or indirectly by, and is controlled by, any one or more persons described in the forgoing clause (iv)(a), in either case, in violation of the 640 5th Avenue Whole Loan documents.
With respect to Loan No. 1, 640 5th Avenue, the mortgaged property is subject to an Industrial and Commercial Tax Abatement (the “ICAP Tax Abatement”) that commenced on July 1, 2019 and is scheduled to end on July 1, 2029, which is set to be phased out beginning in July 2024. The ICAP Tax Abatement originally provided a 100% tax abatement of the 640 5th Avenue mortgaged property’s assessment value, which abatement amount will be reduced to 80.0% of such assessment value in July 2024, 60.0% in July 2025, 40.0% in July 2026 and 20.0% in July 2027 until termination. The total benefit from the ICAP Tax Abatement for the 2024/2025 tax year is $2,459,639.
With respect to Loan No. 2, City Creek Center, other expenses consists of a promotion expense, partnership expense, specialty leasing expense and other tenant services expenses.
With respect to Loan No. 2, City Creek Center, excluding liability for losses in connection with a Ground Lease Purchase Price Shortfall as described under “—Tenant Issues—Purchase Options and Rights of First Refusal,” in the Preliminary Prospectus for so long as one or more of The Taubman Realty Group LLC (“TRG”), Simon Property Group, L.P. (“SPG LP”), Simon Property Group, Inc. (“Simon Inc.”) or an affiliate of TRG, SPG LP or Simon Inc. is the non-recourse carveout guarantor, the non-recourse carveout guarantor’s aggregate liability is limited to 20% of the outstanding principal balance of the Mortgage Loan at such time, plus all of the reasonable out-of-pocket costs and fees and expenses (including, but not limited to, court costs and reasonable attorneys’ fees) incurred by the lender in connection with the enforcement of, or preservation of the lender’s rights under, the guaranty.
With respect to Loan No. 4, Sugarloaf Mills, the second largest tenant at the Mortgaged Property, Medieval Times, subleases its space (representing approximately 7.4% of the net rentable area at the Mortgaged Property) from Mills Enterprises, Inc, an affiliate of the related borrower sponsor. The term of the related sublease expires on July 31, 2026, subject to 3, 10-year renewal options (with the term of the prime lease running concurrent with the renewal options provided for in the sublease). The lender underwrote the rent due under the prime lease (which is higher than the rent due under the sublease).
With respect to Loan No. 4, Sugarloaf Mills, for so long as one or more of Simon Property Group, L.P. (“SPG LP”) or Simon Property Group, Inc. (“Simon Inc.”) (or an affiliate of SPG LP or Simon Inc.) is a non-recourse carveout guarantor, the nonrecourse carveout guarantor’s aggregate liability, is limited to 20% of the original principal balance of the Mortgage Loan, plus all of the reasonable out-of-pocket costs and expenses (including court costs and reasonable attorneys’ fees) incurred by the related Mortgagee in the enforcement of the related guaranty or the preservation of such Mortgagee’s rights under such guaranty.
With respect to Loan No. 5, Hilton Garden Inn & Canopy - Chicago Central Loop, the mortgaged property has received a Class L property tax abatement, which reduces the assessment ratio of the improvements (but not the related land) for a period of 12 years, beginning with the 2022 tax year (payable in 2023). The standard assessment ratio is 25%; pursuant to the Class L property tax abatement the assessment ratio is reduced to |
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10% for the first 10 years of the abatement, 15% in year 11 and 20% in year 12. In addition, the Mortgage Loan has a historical tax credit structure as described under “Description of the Mortgage Pool—Property Types—Hospitality Properties” in this Preliminary Prospectus.
With respect to Loan No. 6, Bedrock Mixed-Use Portfolio, the overall historical occupancy and current occupancy are calculated by dividing the vacant commercial square footage over the overall commercial square footage at the Bedrock Mixed Use Portfolio mortgaged properties. The historical occupancy and current occupancy for the 28 Grand Apartments mortgaged property, The Ferguson Apartments mortgaged property and the Fourteen56 Apartments mortgaged property reflect the multifamily occupancy. | |
With respect to Loan No. 6, Bedrock Mixed-Use Portfolio, the 28 Grand Apartments mortgaged property benefits from a Neighborhood Enterprise Zone tax abatement. The lender underwrote 2024 abated taxes of $167,593. According to the appraisal, 2024 unabated taxes would be $576,446. The appraisal estimated the net present value of the tax abatement to be $3,321,225. The tax abatement expires in 2032 and decreases pursuant to a specified formula during the last three years of the abatement.
With respect to Loan No. 6, Bedrock Mixed-Use Portfolio, the Loan Per Unit ($) represents the total loan amount divided by the 853,067 square feet of commercial space and do not include the multifamily units at the 28 Grand Apartments mortgaged property, The Ferguson Apartments mortgaged property or the Fourteen56 Apartments mortgaged property.
With respect to Loan No. 6, Bedrock Mixed-Use Portfolio, the 28 Grand Apartments mortgaged property and the Lofts of Merchant Row mortgaged property are subject to a condominium regime. The 28 Grand Apartments mortgaged property is part of a condominium comprised of (i) a commercial unit, (ii) an affordable unit, (iii) a market unit and (iv) a rooftop unit, and the related borrower owns all units except the affordable unit. The Lofts of Merchant Row mortgaged property is part of a condominium comprised of six units, of which the related borrower owns two units.
With respect to Loan No. 8, Soldier Hill Commons, the mortgaged property operates under a 30-year payment in lieu of taxes (“PILOT”) Program through the City of Paramus that commenced in December 2023.
With respect to Loan No. 11, Pleasanton Corporate Commons, a portion of the 2nd floor space at the 6210 building is currently subleased. A total of 16,601 square feet (5.6% of net rentable area) of the 31,030 square foot floor plate is subleased to two separate tenants. Suite 250 consists of 9,419 square feet and is currently subleased to Bright Pattern Inc. from May 1, 2023 to July 31, 2026 at a current rental rate of $27.00 per square foot. Suite 240 consists of 7,182 square feet and is currently subleased to MH SUB I, LLC from October 16, 2023 to October 31, 2026 at a current rental rate of $26.40 per square foot.
With respect to the Loan No. 11, Pleasanton Corporate Commons, the related appraisal provided a “Hypothetical Value As Dark” appraised value of $56,400,000, which assumes the single tenant vacates the mortgaged property. Based on such value, the Cut-off Date LTV Ratio and Maturity Date LTV Ratio would be 116.7%.
With respect to Loan No. 12, Lotus 315 & Essence 144, the borrowers funded at loan origination an upfront holdback reserve of $1,000,000 which may be disbursed in up to four increments upon (a) no event of default having occurred and being continuing and (b) the lender has received evidence, in form and substance reasonably satisfactory to the lender, that the unadjusted net operating income debt yield (calculated as set forth in the Lotus & Essence 144 whole loan documents and after giving effect to the release) equals or exceeds 8.15%. If the conditions to release of all the holdback reserve funds are not satisfied by the date that is 36 months after the loan origination date (which was June 3, 2024), the lender will have the right in its sole discretion to continue to hold the holdback reserve as additional collateral and the borrower will have no further right to obtain a release of such funds.
With respect to Loan No. 12, Lotus 315 & Essence 144, the Lotus 315 mortgaged property benefits from a 30-year payment in lieu of taxes (“PILOT”) program pursuant to a PILOT agreement between the related borrower, the City of East Orange and the State of New Jersey, which commenced in January 1, 2022 and is expected to phase out completely in 2051. Under the PILOT program, real estate taxes are paid directly to the City, and there are no affordability restrictions. The Essence 144 mortgaged property benefits from a 30-year PILOT program pursuant to a PILOT agreement between the related borrower, the City of East Orange and the State of New Jersey, which is expected to phase out completely in 2046.
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With respect to Loan No. 13, Farmingdale Hotel Portfolio, the mortgaged properties are subject to a PILOT program which is co-terminous with the related ground leases (which expire September 12, 2045) through the County of Suffolk, Town of Babylon and Farmingdale School District that commenced in December 2023.
With respect to Loan No. 14, Rechler Industrial Portfolio – B, the borrowers are required to pay on each monthly payment date 1/12th of an amount that would be sufficient to pay taxes except on the 2001 Orville Drive North and 85 Adams Avenue mortgaged properties whose sole tenants are responsible for paying taxes directly. | |
| With respect to Loan 17, 1042 President Street, the borrower has applied for a 35-year 421-a (16) tax abatement program through the Affordable Independent Residences for Seniors program, which provides affordable independent residences for seniors. In connection with the 421-a (16) tax abatement, the borrower is required to, among to other things, reserve at least 30% of the units at the mortgaged property for tenants earning no more than 130% of the area median income, subject to certain rental restrictions. The 421-a (16) tax abatement is expected to provide (i) a 100% tax exemption for the first 25 years and (ii) a 33% tax exemption for years 26 through 35 with full taxes commencing at the end of the 35th applicable tax year. The 421-a (16) tax abatement is pending, and the abatement period has not yet started. The full unabated estimated taxes for the 2024/2025 tax year are approximately $403,635 compared to the underwritten abated taxes of approximately $33,544. At origination, the borrower was required to deposit $200,808 into an upfront real estate tax reserve, representing six months of unabated reassessed taxes as of 2024/2025.
With respect to Loan No. 22, Sunroad Centrum, Upfront Other Reserve ($) consists of approximately $6,166,026 in an unfunded obligations reserve (comprised of approximately $2,936,209 for the TI/LC portion and approximately $3,229,817 for the free rent and gap rent portion of such reserve).
With respect to Loan No. 26, GNL Industrial Portfolio, the sole tenant at the CF Sauer - 2447 Eunice Avenue mortgaged property, Sauer Brands, subleases the entire space to Food Transport of Florida, Inc. Underwriting for the mortgage loan was based on the lease between Sauer Brands and the related borrower.
With respect to Loan No. 26, GNL Industrial Portfolio, the CSTK - St. Louis, MO mortgaged property is subject to tax increment financing (“TIF”) in which the City of St. Louis, Missouri issued bonds and reimbursed the prior owner for costs expended to develop the related mortgaged property before the related borrower acquired it in 2020. The city services those bond payments through tax increment and payment in lieu of taxes (“PILOT”) payments collected from the borrower. The TIF structure does not create any additional or ongoing obligations on the part of the related borrower or the related mortgaged property (other than the PILOT payments). The related borrower is required to make PILOT payments when they become due, and the PILOT program terminates on January 30, 2037. The PILOT payments are equal to the real property taxes that would have been charged had the TIF structure not been in place. The lender underwrote the PILOT amount, which does not vary over the term.
With respect to Loan No. 29, 536 East 183rd Street, the borrower is in the process of applying for a 35-year 421-a tax exemption from the NYC Department of Housing Preservation & Development, which has not been approved. See “Description of the Mortgage Pool—Real Estate and Other Tax Considerations” in the Preliminary Prospectus. The appraised value includes the net present value of such 421-a exemption, which amount was estimated to be approximately $7,112,658. The 421-a tax abatement would phase out in 2058/2059. At origination of the mortgage loan, $440,732 was reserved in connection with the 421-a program. |
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