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| Free Writing Prospectus dated February 8, 2019 | |
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| The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling (866) 669-7629 or by emailing the ABS Syndicate Desk atabs_synd@jpmorgan.com. | |
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| The information in this file (the “File”) is an electronic copy of the information set forth in the Annex titled "Certain Characteristics of the Mortgage Loans and Mortgaged Properties" to the prospectus. This File does not contain all information that is required to be included in the prospectus. This File should be reviewed only in conjunction with the entire prospectus. Prospective investors are advised to read carefully, and should rely on, the prospectus relating to the certificates referred to herein in making their investment decision. | |
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| The information in this File may be amended and/or supplemented prior to the time of sale. The information in this File supersedes any contrary information contained in any prior File relating to the certificates and will be superseded by any contrary information contained in any subsequent File prior to the time of sale. | |
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| Methodologies used in deriving certain information contained in this File are more fully described elsewhere in the prospectus. The information in this File should not be viewed as projections, forecasts, predictions or opinions with respect to value. | |
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| Any legends, disclaimers or other notices that may appear at the bottom of, or attached to, the email communication to which this material may have been attached 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 email system. | |
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| | | | | | | | Number of | Property | Property | | Year | | Unit of | | Occupancy |
Loan # | Seller(1) | Property Name | Street Address | City | State | Zip Code | County | Properties | Type(2) | Subtype | Year Built | Renovated | Units(3) | Measure | Occupancy %(4) | Date |
1 | LCM | Renaissance Seattle | 515 Madison Street | Seattle | WA | 98104 | King | 1 | Hotel | Full Service | 1978 | 2017 | 557 | Rooms | 81.6% | 09/30/18 |
2 | LCM | 400 South El Camino | 400 South El Camino Real | San Mateo | CA | 94402 | San Mateo | 1 | Office | CBD | 1973 | 2015 | 145,179 | Square Feet | 96.0% | 11/01/18 |
3 | JPMCB | Liberty Station Retail | 2401, 2445 & 2495 Truxtun Road, 2850 Womble Road, 2400 Historic Decatur, 2881 Roosevelt Road, 2816, 2863 & 2965 Historic Decatur Road, 2860 & 2865 Sims Road, 2855 Perry Road, 2750 Dewey Road and 2556, 2560, 2588 Laning Road | San Diego | CA | 92106 | San Diego | 1 | Retail | Anchored | 1923, 1932, 1942, 2007 | 2009 | 327,704 | Square Feet | 92.4% | 08/01/18 |
4 | LCM | Bedford Square | 59 Post Road East | Westport | CT | 06880 | Fairfield | 1 | Mixed Use | Retail/Multifamily | 1900 | 2018 | 107,943 | Square Feet | 83.9% | 11/01/18 |
5 | LCM | Saint Louis Galleria | 1155 Saint Louis Galleria | Saint Louis | MO | 63117 | Saint Louis | 1 | Retail | Super Regional Mall | 1986 | 2011 | 465,695 | Square Feet | 96.9% | 09/30/18 |
6 | LCM | Grand Hyatt Seattle | 721 Pine Street | Seattle | WA | 98101 | King | 1 | Hotel | Full Service | 2001 | 2016 | 457 | Rooms | 86.6% | 08/31/18 |
7 | LCM | Fleet Farm Distribution Center | 1801 Commerce Parkway | Chippewa Falls | WI | 54729 | Chippewa | 1 | Industrial | Warehouse/Distribution | 2017 | | 1,126,368 | Square Feet | 100.0% | 02/06/19 |
8 | LCM | Peachtree Corners Marketplace | 6135 Peachtree Parkway | Norcross | GA | 30092 | Gwinnett | 1 | Retail | Anchored | 1976 | 2018 | 121,379 | Square Feet | 95.6% | 11/01/18 |
9 | LCM | Pier 54 Seattle | 1001 Alaskan Way | Seattle | WA | 98104 | King | 1 | Mixed Use | Retail/Office | 1900 | 2015 | 65,749 | Square Feet | 66.6% | 10/01/18 |
10 | LCM | CBBC Industrial Portfolio | Various | Various | Various | Various | Various | 4 | Industrial | Warehouse/Distribution | Various | Various | 951,651 | Square Feet | 100.0% | 02/06/19 |
10.01 | LCM | CBBC - Dallas, TX | 5150 Pulaski Street | Dallas | TX | 75247 | Dallas | 1 | Industrial | Warehouse/Distribution | 1965, 1978 | 2015 | 284,550 | Square Feet | 100.0% | 02/06/19 |
10.02 | LCM | CBBC - Winter Haven, FL | 621 Snively Avenue | Eloise | FL | 33880 | Polk | 1 | Industrial | Warehouse/Distribution | 1950-2001 | 2017 | 330,000 | Square Feet | 100.0% | 02/06/19 |
10.03 | LCM | CBBC - Lakeland, FL | 330 North Ingraham Avenue | Lakeland | FL | 33801 | Polk | 1 | Industrial | Warehouse/Distribution | 1957-1996 | 2017 | 232,127 | Square Feet | 100.0% | 02/06/19 |
10.04 | LCM | CBBC - Houston, TX | 1190 West Loop North | Houston | TX | 77055 | Harris | 1 | Industrial | Warehouse/Distribution | 1965, 2000 | 2007 | 104,974 | Square Feet | 100.0% | 02/06/19 |
11 | LCM | Arbors at the Park Ole Miss | 805 College Hill Road | Oxford | MS | 38655 | Lafayette | 1 | Multifamily | Student | 2018 | | 340 | Beds | 97.1% | 08/01/18 |
12 | LCM | Inland Empire Office Portfolio I | Various | San Bernardino | CA | Various | San Bernardino | 2 | Office | Suburban | Various | Various | 148,463 | Square Feet | 93.3% | Various |
12.01 | LCM | Lakeside Tower | 650 East Hospitality Lane | San Bernardino | CA | 92408 | San Bernardino | 1 | Office | Suburban | 1989 | | 116,603 | Square Feet | 91.4% | 07/31/18 |
12.02 | LCM | One Hospitality | 784 East Hospitality Lane | San Bernardino | CA | 92415 | San Bernardino | 1 | Office | Suburban | 1996 | 2018 | 31,860 | Square Feet | 100.0% | 02/06/19 |
13 | LCM | 221 S Franklin | 221 South Franklin Road | Indianapolis | IN | 46219 | Marion | 1 | Industrial | Warehouse/Distribution | 1972, 1978 | | 823,088 | Square Feet | 100.0% | 11/01/18 |
14 | LCM | Sorento Flats | 1414 East Yesler Way | Seattle | WA | 98122 | King | 1 | Multifamily | Mid-Rise | 2017 | | 154 | Units | 97.4% | 01/01/19 |
15 | LCM | LA Fitness Van Nuys | 6161 Sepulveda Boulevard | Van Nuys | CA | 91411 | Los Angeles | 1 | Retail | Freestanding | 2013 | 2018 | 53,200 | Square Feet | 100.0% | 02/06/19 |
16 | LCM | 2581 Junction | 2581 Junction Avenue | San Jose | CA | 95134 | Santa Clara | 1 | Office | Suburban | 1983 | 2016 | 92,864 | Square Feet | 100.0% | 02/06/19 |
17 | LCM | Inland Empire Office Portfolio II | Various | San Bernardino | CA | 92408 | San Bernardino | 2 | Office | Suburban | Various | | 132,527 | Square Feet | 87.7% | 09/01/18 |
17.01 | LCM | Brier Corporate Center | 862 East Hospitality Lane | San Bernardino | CA | 92408 | San Bernardino | 1 | Office | Suburban | 2006 | | 104,501 | Square Feet | 88.2% | 09/01/18 |
17.02 | LCM | Three Parkside | 473 East Carnegie Lane | San Bernardino | CA | 92408 | San Bernardino | 1 | Office | Suburban | 2008 | | 28,026 | Square Feet | 85.5% | 09/01/18 |
18 | JPMCB | Sheraton Music City | 777 McGavock Pike | Nashville | TN | 37214 | Davidson | 1 | Hotel | Full Service | 1985 | 2017 | 410 | Rooms | 76.7% | 09/30/18 |
19 | LCM | RDM Chicago Portfolio | Various | Chicago | IL | Various | Cook | 4 | Various | Various | Various | Various | 83,036 | Square Feet | 90.5% | 08/27/18 |
19.01 | LCM | 1200 North Ashland Avenue | 1200 North Ashland Avenue | Chicago | IL | 60622 | Cook | 1 | Mixed Use | Office/Retail | 1926 | 2005 | 53,235 | Square Feet | 85.2% | 08/27/18 |
19.02 | LCM | 2015 West Irving Park Road | 2015 West Irving Park Road | Chicago | IL | 60618 | Cook | 1 | Mixed Use | Office/Retail | 1949 | 2015 | 19,148 | Square Feet | 100.0% | 08/27/18 |
19.03 | LCM | 1212 North Wells Street | 1212 North Wells Street | Chicago | IL | 60610 | Cook | 1 | Retail | Unanchored | 2000 | | 4,373 | Square Feet | 100.0% | 08/27/18 |
19.04 | LCM | 230 West Division Street | 230 West Division Street | Chicago | IL | 60610 | Cook | 1 | Retail | Unanchored | 2005 | | 6,280 | Square Feet | 100.0% | 08/27/18 |
20 | LCM | The Strand | 3990 & 4000 Westerly Place | Newport Beach | CA | 92660 | Orange | 1 | Office | Suburban | 1972 | 2017 | 47,323 | Square Feet | 95.5% | 11/01/18 |
21 | LCM | Medical Office & Walgreens Portfolio | Various | Various | Various | Various | Various | 6 | Various | Various | Various | | 49,287 | Square Feet | 100.0% | 02/06/19 |
21.01 | LCM | Walgreens Levittown | 5200 New Falls Road | Levittown | PA | 19056 | Bucks | 1 | Retail | Freestanding | 2006 | | 14,766 | Square Feet | 100.0% | 02/06/19 |
21.02 | LCM | Fresenius Sun Prairie | 2831 O'Keeffe Avenue | Sun Prairie | WI | 53590 | Dane | 1 | Office | Medical | 2017 | | 7,304 | Square Feet | 100.0% | 02/06/19 |
21.03 | LCM | Fresenius Darlington | 1018 South Governor Williams Highway | Darlington | SC | 29532 | Darlington | 1 | Office | Medical | 2018 | | 8,929 | Square Feet | 100.0% | 02/06/19 |
21.04 | LCM | DaVita Memphis | 5247 Airways Boulevard | Memphis | TN | 38116 | Shelby | 1 | Office | Medical | 2016 | | 6,308 | Square Feet | 100.0% | 02/06/19 |
21.05 | LCM | Fresenius Louisville | 1715 Gagel Avenue | Louisville | KY | 40216 | Jefferson | 1 | Office | Medical | 2018 | | 5,212 | Square Feet | 100.0% | 02/06/19 |
21.06 | LCM | Fresenius Florence | 1465 Pamplico Highway | Florence | SC | 29505 | Florence | 1 | Office | Medical | 2018 | | 6,768 | Square Feet | 100.0% | 02/06/19 |
22 | LCM | Hampton Inn & Suites Alpharetta | 16785 Old Morris Road | Alpharetta | GA | 30004 | Fulton | 1 | Hotel | Limited Service | 1999 | 2013-2014 | 103 | Rooms | 84.4% | 08/31/18 |
23 | LCM | Altura Office Building | 4101 Indian School Road Northeast | Albuquerque | NM | 87110 | Bernalillo | 1 | Office | Suburban | 1999 | | 109,305 | Square Feet | 100.0% | 07/01/18 |
24 | LCM | LA Fitness Northridge | 8400 Balboa Boulevard | Northridge | CA | 91325 | Los Angeles | 1 | Retail | Freestanding | 2018 | | 37,000 | Square Feet | 100.0% | 02/06/19 |
25 | LCM | 3500 Helms | 3500, 3520 & 3521 Helms Avenue | Culver City | CA | 90232 | Los Angeles | 1 | Office | CBD | 1950, 1955 | 2012-2013, 2017 | 21,249 | Square Feet | 100.0% | 02/06/19 |
26 | LCM | Vallejo MHC & RV Park | 1867 Broadway Street | Vallejo | CA | 94589 | Solano | 1 | Manufactured Housing | Manufactured Housing | 1950 | | 206 | Pads | 97.1% | 11/07/18 |
27 | LCM | Hickory View Apartments | 500 Hickoryview Drive | Nashville | TN | 37211 | Davidson | 1 | Multifamily | Garden | 1981 | 2014 | 120 | Units | 92.5% | 10/18/18 |
28 | JPMCB | 1501 Experiment Farm Road | 1501 Experiment Farm Road | Troy | OH | 45373 | Miami | 1 | Industrial | Warehouse | 1992 | | 362,816 | Square Feet | 100.0% | 02/01/19 |
29 | JPMCB | Carlsbad | 5963 La Place Court | Carlsbad | CA | 92008 | San Diego | 1 | Office | Suburban | 1988 | 2016 | 62,026 | Square Feet | 90.1% | 11/01/18 |
30 | LCM | Estrella Healthcare Campus | 8921 West Thomas Road | Phoenix | AZ | 85037 | Maricopa | 1 | Office | Medical | 2005 | 2017 | 39,690 | Square Feet | 100.0% | 02/06/19 |
31 | JPMCB | North Oak Marketplace | 4820 North Oak Trafficway | Kansas City | MO | 64118 | Clay | 1 | Retail | Anchored | 1970, 1984, 1989, 2000 | 2005 | 154,756 | Square Feet | 96.4% | 12/01/18 |
32 | LCM | Fresenius & DaVita Portfolio | Various | Various | Various | Various | Various | 4 | Office | Medical | Various | Various | 33,170 | Square Feet | 100.0% | 02/06/19 |
32.01 | LCM | Fresenius Medical Care Aurora | 590 Laredo Street | Aurora | CO | 80011 | Arapahoe | 1 | Office | Medical | 2018 | | 7,175 | Square Feet | 100.0% | 02/06/19 |
32.02 | LCM | Fresenius Medical Care El Paso | 10112-10116 Dyer Street | El Paso | TX | 79924 | El Paso | 1 | Office | Medical | 2018 | | 7,961 | Square Feet | 100.0% | 02/06/19 |
32.03 | LCM | DaVita Dialysis House Springs | 40 Walters Place | House Springs | MO | 63051 | Jefferson | 1 | Office | Medical | 2017-2018 | | 8,099 | Square Feet | 100.0% | 02/06/19 |
32.04 | LCM | DaVita Dialysis St. Joseph | 802-806 Jules Street | St. Joseph | MO | 64501 | Buchanan | 1 | Office | Medical | 1998 | 2018 | 9,935 | Square Feet | 100.0% | 02/06/19 |
33 | JPMCB | Tru by Hilton McDonough | 251 Avalon Court | McDonough | GA | 30253 | Henry | 1 | Hotel | Limited Service | 2017 | | 90 | Rooms | 70.5% | 10/31/18 |
34 | LCM | Northshore Plaza | 1512 Wildcat Drive | Portland | TX | 78374 | San Patricio | 1 | Retail | Anchored | 1982 | | 77,517 | Square Feet | 94.8% | 09/04/18 |
35 | JPMCB | DPBI Portfolio | Various | Various | Various | Various | Various | 3 | Retail | Freestanding | Various | Various | 18,278 | Square Feet | 100.0% | 02/01/19 |
35.01 | JPMCB | National Tire & Battery | 1002 Brook Forest Avenue | Shorewood | IL | 60404 | Will | 1 | Retail | Freestanding | 2006 | | 7,964 | Square Feet | 100.0% | 02/01/19 |
35.02 | JPMCB | Applebee's - Tifton | 808 7th Street West | Tifton | GA | 31794 | Tift | 1 | Retail | Freestanding | 1998 | 2006 | 5,200 | Square Feet | 100.0% | 02/01/19 |
35.03 | JPMCB | Applebee's - Calhoun | 1008 Highway 53 Southeast | Calhoun | GA | 30701 | Gordon | 1 | Retail | Freestanding | 2013 | | 5,114 | Square Feet | 100.0% | 02/01/19 |
36 | LCM | Wilton Walk Townhomes | 603, 605, 609 & 611 Northeast 28th Street | Wilton Manors | FL | 33334 | Broward | 1 | Multifamily | Garden | 2010, 2018 | 2018 | 18 | Units | 100.0% | 08/20/18 |
37 | LCM | Colony Square Outparcels | 3545, 3557, 3573 & 3581 Maple Avenue and 1327 Brandywine Boulevard | Zanesville | OH | 43701 | Muskingum | 1 | Retail | Unanchored | 1985, 2002, 2006, 2012, 2017 | 2014 | 24,012 | Square Feet | 100.0% | 11/19/18 |
38 | JPMCB | Liberty Commons | 201-213 South Stewart Road | Liberty | MO | 64068 | Clay | 1 | Retail | Shadow Anchored | 2017 | | 14,493 | Square Feet | 100.0% | 07/31/18 |
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| | | | | | | Original | | Current | | | | | | Net | | | | | |
| | | Appraised | Appraisal | Current | Original | Balance | Current | Balance | % of Initial | Crossed | Related | Interest | Admin. | Mortgage | | Monthly Debt | Annual Debt | | First |
Loan # | Seller(1) | Property Name | Value ($)(5) | Date | LTV %(5) | Balance ($)(6)(7) | per Unit ($) | Balance ($)(6)(7) | per Unit ($) | Pool Balance | Loan | Borrower(8) | Rate %(9) | Fee %(9) | Rate %(9) | Accrual Type | Service ($)(10)(11) | Service ($)(11) | Note Date | Payment Date |
1 | LCM | Renaissance Seattle | 229,700,000 | 03/08/17 | 55.3% | 77,000,000 | 228,007 | 77,000,000 | 228,007 | 9.9% | No | Yes - Group 1 | 4.81000 | 0.01500 | 4.79500 | Actual/360 | 312,928.36 | 3,755,140.32 | 05/02/17 | 06/06/17 |
2 | LCM | 400 South El Camino | 128,000,000 | 10/09/18 | 58.6% | 75,000,000 | 517 | 75,000,000 | 517 | 9.7% | No | No | 4.69700 | 0.01850 | 4.67850 | Actual/360 | 388,843.13 | 4,666,117.56 | 11/28/18 | 01/06/19 |
3 | JPMCB | Liberty Station Retail | 170,000,000 | 10/01/18 | 68.8% | 67,000,000 | 357 | 67,000,000 | 357 | 8.7% | No | No | 5.23000 | 0.03850 | 5.19150 | Actual/360 | 296,064.00 | 3,552,768.00 | 11/15/18 | 01/01/19 |
4 | LCM | Bedford Square | 105,000,000 | 10/19/18 | 45.7% | 48,000,000 | 445 | 48,000,000 | 445 | 6.2% | No | No | 5.45150 | 0.01850 | 5.43300 | Actual/360 | 221,088.61 | 2,653,063.32 | 11/30/18 | 01/06/19 |
5 | LCM | Saint Louis Galleria | 465,600,000 | 09/24/18 | 51.5% | 46,479,245 | 515 | 46,479,245 | 515 | 6.0% | No | No | 4.99677 | 0.01500 | 4.98177 | Actual/360 | 255,307.22 | 3,063,686.64 | 11/01/18 | 12/01/18 |
6 | LCM | Grand Hyatt Seattle | 242,300,000 | 03/08/17 | 54.9% | 33,000,000 | 291,028 | 33,000,000 | 291,028 | 4.3% | No | Yes - Group 1 | 4.74000 | 0.01500 | 4.72500 | Actual/360 | 132,160.42 | 1,585,925.04 | 05/05/17 | 06/06/17 |
7 | LCM | Fleet Farm Distribution Center | 50,500,000 | 12/05/17 | 64.0% | 32,700,000 | 29 | 32,303,006 | 29 | 4.2% | No | No | 4.69700 | 0.01850 | 4.67850 | Actual/360 | 169,535.61 | 2,034,427.32 | 03/23/18 | 05/06/18 |
8 | LCM | Peachtree Corners Marketplace | 40,000,000 | 08/29/18 | 61.5% | 24,600,000 | 203 | 24,600,000 | 203 | 3.2% | No | No | 5.21280 | 0.01850 | 5.19430 | Actual/360 | 133,983.02 | 1,607,796.22 | 11/13/18 | 01/06/19 |
9 | LCM | Pier 54 Seattle | 41,000,000 | 02/01/18 | 56.1% | 23,000,000 | 350 | 23,000,000 | 350 | 3.0% | No | No | 4.99000 | 0.01850 | 4.97150 | Actual/360 | 96,970.02 | 1,163,640.24 | 05/25/18 | 07/06/18 |
10 | LCM | CBBC Industrial Portfolio | 85,880,000 | Various | 61.7% | 20,000,000 | 56 | 20,000,000 | 56 | 2.6% | No | No | 5.08000 | 0.01375 | 5.06625 | Actual/360 | 85,842.59 | 1,030,111.08 | 10/30/18 | 12/06/18 |
10.01 | LCM | CBBC - Dallas, TX | 34,680,000 | 09/18/18 | | 8,074,675 | | 8,074,675 | | 1.0% | | | | | | | | | | |
10.02 | LCM | CBBC - Winter Haven, FL | 21,000,000 | 09/19/18 | | 4,891,571 | | 4,891,571 | | 0.6% | | | | | | | | | | |
10.03 | LCM | CBBC - Lakeland, FL | 19,300,000 | 09/19/18 | | 4,393,739 | | 4,393,739 | | 0.6% | | | | | | | | | | |
10.04 | LCM | CBBC - Houston, TX | 10,900,000 | 09/18/18 | | 2,640,015 | | 2,640,015 | | 0.3% | | | | | | | | | | |
11 | LCM | Arbors at the Park Ole Miss | 35,700,000 | 08/23/18 | 55.9% | 19,950,000 | 58,676 | 19,950,000 | 58,676 | 2.6% | No | No | 5.29000 | 0.01850 | 5.27150 | Actual/360 | 109,030.99 | 1,308,371.90 | 10/09/18 | 12/06/18 |
12 | LCM | Inland Empire Office Portfolio I | 32,500,000 | 06/26/18 | 60.9% | 19,800,000 | 133 | 19,800,000 | 133 | 2.6% | No | Yes - Group 2 | 4.77500 | 0.01850 | 4.75650 | Actual/360 | 103,584.75 | 1,243,017.00 | 09/11/18 | 11/06/18 |
12.01 | LCM | Lakeside Tower | 24,200,000 | 06/26/18 | | 14,553,000 | | 14,553,000 | | 1.9% | | | | | | | | | | |
12.02 | LCM | One Hospitality | 8,300,000 | 06/26/18 | | 5,247,000 | | 5,247,000 | | 0.7% | | | | | | | | | | |
13 | LCM | 221 S Franklin | 28,000,000 | 08/02/18 | 68.8% | 19,250,000 | 23 | 19,250,000 | 23 | 2.5% | No | No | 5.48600 | 0.01850 | 5.46750 | Actual/360 | 109,130.35 | 1,309,564.20 | 11/13/18 | 01/06/19 |
14 | LCM | Sorento Flats | 30,700,000 | 10/11/18 | 59.3% | 18,200,000 | 118,182 | 18,200,000 | 118,182 | 2.4% | No | No | 5.20000 | 0.03850 | 5.16150 | Actual/360 | 79,962.04 | 959,544.48 | 01/23/19 | 03/06/19 |
15 | LCM | LA Fitness Van Nuys | 30,450,000 | 09/14/18 | 59.1% | 18,000,000 | 338 | 18,000,000 | 338 | 2.3% | No | Yes - Group 3 | 5.11100 | 0.01850 | 5.09250 | Actual/360 | 77,729.79 | 932,757.48 | 10/31/18 | 12/06/18 |
16 | LCM | 2581 Junction | 33,000,000 | 10/08/18 | 51.5% | 17,000,000 | 183 | 17,000,000 | 183 | 2.2% | No | No | 5.29600 | 0.01850 | 5.27750 | Actual/360 | 76,068.70 | 912,824.40 | 11/15/18 | 01/06/19 |
17 | LCM | Inland Empire Office Portfolio II | 27,500,000 | 06/26/18 | 60.4% | 16,600,000 | 125 | 16,600,000 | 125 | 2.1% | No | Yes - Group 2 | 4.93800 | 0.01850 | 4.91950 | Actual/360 | 88,484.45 | 1,061,813.40 | 10/09/18 | 12/06/18 |
17.01 | LCM | Brier Corporate Center | 22,000,000 | 06/26/18 | | 13,150,000 | | 13,150,000 | | 1.7% | | | | | | | | | | |
17.02 | LCM | Three Parkside | 5,500,000 | 06/26/18 | | 3,450,000 | | 3,450,000 | | 0.4% | | | | | | | | | | |
18 | JPMCB | Sheraton Music City | 115,000,000 | 04/01/18 | 60.3% | 15,000,000 | 170,732 | 14,862,461 | 169,166 | 1.9% | No | No | 4.94000 | 0.01500 | 4.92500 | Actual/360 | 79,974.10 | 959,689.20 | 05/23/18 | 07/01/18 |
19 | LCM | RDM Chicago Portfolio | 24,650,000 | 07/25/18 | 60.2% | 14,850,000 | 179 | 14,850,000 | 179 | 1.9% | No | No | 5.13100 | 0.01850 | 5.11250 | Actual/360 | 80,911.15 | 970,933.80 | 09/13/18 | 11/06/18 |
19.01 | LCM | 1200 North Ashland Avenue | 15,650,000 | 07/25/18 | | 9,500,000 | | 9,500,000 | | 1.2% | | | | | | | | | | |
19.02 | LCM | 2015 West Irving Park Road | 4,800,000 | 07/25/18 | | 2,850,000 | | 2,850,000 | | 0.4% | | | | | | | | | | |
19.03 | LCM | 1212 North Wells Street | 2,200,000 | 07/25/18 | | 1,310,000 | | 1,310,000 | | 0.2% | | | | | | | | | | |
19.04 | LCM | 230 West Division Street | 2,000,000 | 07/25/18 | | 1,190,000 | | 1,190,000 | | 0.2% | | | | | | | | | | |
20 | LCM | The Strand | 21,000,000 | 09/04/18 | 64.3% | 13,500,000 | 285 | 13,500,000 | 285 | 1.7% | No | No | 5.07100 | 0.01850 | 5.05250 | Actual/360 | 57,841.09 | 694,093.08 | 10/10/18 | 12/06/18 |
21 | LCM | Medical Office & Walgreens Portfolio | 22,655,000 | Various | 57.4% | 13,000,000 | 264 | 13,000,000 | 264 | 1.7% | No | Yes - Group 2 | 4.73800 | 0.01850 | 4.71950 | Actual/360 | 67,720.16 | 812,641.92 | 06/08/18 | 08/06/18 |
21.01 | LCM | Walgreens Levittown | 6,800,000 | 05/08/18 | | 3,840,000 | | 3,840,000 | | 0.5% | | | | | | | | | | |
21.02 | LCM | Fresenius Sun Prairie | 3,555,000 | 05/09/18 | | 2,080,000 | | 2,080,000 | | 0.3% | | | | | | | | | | |
21.03 | LCM | Fresenius Darlington | 3,300,000 | 05/08/18 | | 1,895,000 | | 1,895,000 | | 0.2% | | | | | | | | | | |
21.04 | LCM | DaVita Memphis | 3,150,000 | 05/09/18 | | 1,825,000 | | 1,825,000 | | 0.2% | | | | | | | | | | |
21.05 | LCM | Fresenius Louisville | 2,950,000 | 05/09/18 | | 1,700,000 | | 1,700,000 | | 0.2% | | | | | | | | | | |
21.06 | LCM | Fresenius Florence | 2,900,000 | 05/08/18 | | 1,660,000 | | 1,660,000 | | 0.2% | | | | | | | | | | |
22 | LCM | Hampton Inn & Suites Alpharetta | 18,100,000 | 10/10/19 | 65.5% | 11,850,000 | 115,049 | 11,850,000 | 115,049 | 1.5% | No | No | 5.06000 | 0.01850 | 5.04150 | Actual/360 | 64,048.60 | 768,583.20 | 12/14/18 | 02/06/19 |
23 | LCM | Altura Office Building | 19,200,000 | 05/14/18 | 60.9% | 11,700,000 | 107 | 11,700,000 | 107 | 1.5% | No | Yes - Group 2 | 5.21800 | 0.01850 | 5.19950 | Actual/360 | 64,376.13 | 772,513.56 | 08/24/18 | 10/06/18 |
24 | LCM | LA Fitness Northridge | 21,100,000 | 11/04/18 | 52.1% | 11,000,000 | 297 | 11,000,000 | 297 | 1.4% | No | Yes - Group 3 | 5.10000 | 0.01850 | 5.08150 | Actual/360 | 47,399.31 | 568,791.72 | 12/10/18 | 02/06/19 |
25 | LCM | 3500 Helms | 19,250,000 | 10/10/18 | 57.1% | 11,000,000 | 518 | 11,000,000 | 518 | 1.4% | No | No | 5.30500 | 0.01850 | 5.28650 | Actual/360 | 49,304.57 | 591,654.84 | 11/05/18 | 12/06/18 |
26 | LCM | Vallejo MHC & RV Park | 19,480,000 | 12/07/18 | 55.2% | 10,750,000 | 52,184 | 10,750,000 | 52,184 | 1.4% | No | No | 5.35000 | 0.01850 | 5.33150 | Actual/360 | 60,029.47 | 720,353.64 | 12/21/18 | 02/06/19 |
27 | LCM | Hickory View Apartments | 14,400,000 | 01/23/18 | 73.6% | 10,600,000 | 88,333 | 10,600,000 | 88,333 | 1.4% | No | No | 5.47000 | 0.01850 | 5.45150 | Actual/360 | 48,989.42 | 587,873.04 | 02/22/18 | 04/06/18 |
28 | JPMCB | 1501 Experiment Farm Road | 13,700,000 | 11/28/18 | 67.0% | 9,187,500 | 25 | 9,178,412 | 25 | 1.2% | No | No | 5.30000 | 0.01850 | 5.28150 | Actual/360 | 51,018.61 | 612,223.32 | 12/21/18 | 02/01/19 |
29 | JPMCB | Carlsbad | 14,000,000 | 12/17/18 | 65.0% | 9,100,000 | 147 | 9,100,000 | 147 | 1.2% | No | No | 4.70000 | 0.05850 | 4.64150 | Actual/360 | 36,136.69 | 433,640.28 | 01/18/19 | 03/01/19 |
30 | LCM | Estrella Healthcare Campus | 13,500,000 | 05/22/18 | 63.7% | 8,600,000 | 217 | 8,600,000 | 217 | 1.1% | No | No | 5.11700 | 0.01850 | 5.09850 | Actual/360 | 46,783.56 | 561,402.72 | 06/21/18 | 08/06/18 |
31 | JPMCB | North Oak Marketplace | 12,750,000 | 12/04/18 | 65.0% | 8,287,500 | 54 | 8,287,500 | 54 | 1.1% | No | No | 4.95000 | 0.01850 | 4.93150 | Actual/360 | 44,236.19 | 530,834.28 | 01/18/19 | 03/01/19 |
32 | LCM | Fresenius & DaVita Portfolio | 13,915,000 | Various | 59.4% | 8,270,000 | 249 | 8,270,000 | 249 | 1.1% | No | Yes - Group 2 | 4.39200 | 0.01850 | 4.37350 | Actual/360 | 41,373.86 | 496,486.32 | 07/24/18 | 09/06/18 |
32.01 | LCM | Fresenius Medical Care Aurora | 3,915,000 | 05/30/18 | | 2,360,000 | | 2,360,000 | | 0.3% | | | | | | | | | | |
32.02 | LCM | Fresenius Medical Care El Paso | 3,740,000 | 05/24/18 | | 2,200,000 | | 2,200,000 | | 0.3% | | | | | | | | | | |
32.03 | LCM | DaVita Dialysis House Springs | 3,480,000 | 05/25/18 | | 2,060,000 | | 2,060,000 | | 0.3% | | | | | | | | | | |
32.04 | LCM | DaVita Dialysis St. Joseph | 2,780,000 | 05/21/18 | | 1,650,000 | | 1,650,000 | | 0.2% | | | | | | | | | | |
33 | JPMCB | Tru by Hilton McDonough | 12,400,000 | 11/01/18 | 65.5% | 8,125,000 | 90,278 | 8,125,000 | 90,278 | 1.0% | No | No | 5.20000 | 0.01850 | 5.18150 | Actual/360 | 44,615.26 | 535,383.12 | 01/09/19 | 03/01/19 |
34 | LCM | Northshore Plaza | 8,400,000 | 09/09/18 | 73.8% | 6,200,000 | 80 | 6,200,000 | 80 | 0.8% | No | No | 5.40900 | 0.01850 | 5.39050 | Actual/360 | 34,849.75 | 418,197.00 | 11/15/18 | 01/06/19 |
35 | JPMCB | DPBI Portfolio | 9,735,000 | Various | 51.3% | 5,000,000 | 274 | 4,994,687 | 273 | 0.6% | No | No | 5.00000 | 0.06850 | 4.93150 | Actual/360 | 26,841.08 | 322,092.96 | 12/06/18 | 02/01/19 |
35.01 | JPMCB | National Tire & Battery | 4,200,000 | 11/07/18 | | 2,050,000 | | 2,047,822 | | 0.3% | | | | | | | | | | |
35.02 | JPMCB | Applebee's - Tifton | 2,815,000 | 11/05/18 | | 1,500,000 | | 1,498,406 | | 0.2% | | | | | | | | | | |
35.03 | JPMCB | Applebee's - Calhoun | 2,720,000 | 11/06/18 | | 1,450,000 | | 1,448,459 | | 0.2% | | | | | | | | | | |
36 | LCM | Wilton Walk Townhomes | 7,200,000 | 07/10/18 | 68.1% | 4,900,000 | 272,222 | 4,900,000 | 272,222 | 0.6% | No | No | 5.16500 | 0.01850 | 5.14650 | Actual/360 | 21,383.34 | 256,600.08 | 10/05/18 | 11/06/18 |
37 | LCM | Colony Square Outparcels | 5,805,000 | 04/17/18 | 70.5% | 4,100,000 | 171 | 4,091,652 | 170 | 0.5% | No | No | 5.19000 | 0.01850 | 5.17150 | Actual/360 | 22,488.23 | 269,858.76 | 11/28/18 | 01/06/19 |
38 | JPMCB | Liberty Commons | 5,670,000 | 10/01/18 | 71.4% | 4,050,000 | 279 | 4,046,001 | 279 | 0.5% | No | No | 5.30700 | 0.01850 | 5.28850 | Actual/360 | 22,507.45 | 270,089.40 | 12/14/18 | 02/01/19 |
| | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | |
| | | Partial IO | Partial IO Loan | Rem. | Rem. | | | Payment | Grace Period | Grace Period | | | Final | Maturity | | Maturity | Prepayment |
Loan # | Seller(1) | Property Name | Last IO Payment | First P&I Payment | Term | Amort | I/O Period | Seasoning | Due Date | (Late Payment)(12) | (Default)(12) | Maturity Date | ARD Loan | Mat Date | Balance ($)(6) | | LTV %(5) | Provision (Payments)(13) |
1 | LCM | Renaissance Seattle | | | 100 | 0 | 121 | 21 | 6 | 0 | 0 | 06/06/27 | No | 06/06/27 | 77,000,000 | | 55.3% | L(45),Def(72),O(4) |
2 | LCM | 400 South El Camino | 12/06/20 | 01/06/21 | 118 | 360 | 24 | 2 | 6 | 0 | 0 | 12/06/28 | No | 12/06/28 | 64,387,638 | | 50.3% | Grtr1%orYM(116),O(4) |
3 | JPMCB | Liberty Station Retail | | | 118 | 0 | 120 | 2 | 1 | 0 | 0 | 12/01/28 | No | 12/01/28 | 67,000,000 | | 68.8% | L(25),Grtr1%orYM(1),DeforGrtr1%orYM(91),O(3) |
4 | LCM | Bedford Square | | | 118 | 0 | 120 | 2 | 6 | 0 | 0 | 12/06/28 | No | 12/06/28 | 48,000,000 | | 45.7% | L(26),Def(90),O(4) |
5 | LCM | Saint Louis Galleria | 11/01/23 | 12/01/23 | 117 | 360 | 60 | 3 | 1 | 0 | 1 (Once per year) | 11/01/28 | No | 11/01/28 | 42,352,114 | | 47.0% | L(27),Def(88),O(5) |
6 | LCM | Grand Hyatt Seattle | | | 100 | 0 | 121 | 21 | 6 | 0 | 0 | 06/06/27 | No | 06/06/27 | 33,000,000 | | 54.9% | L(45),Def(72),O(4) |
7 | LCM | Fleet Farm Distribution Center | | | 110 | 350 | 0 | 10 | 6 | 0 | 0 | 04/06/28 | No | 04/06/28 | 26,618,948 | | 52.7% | L(34),Def(82),O(4) |
8 | LCM | Peachtree Corners Marketplace | 12/06/21 | 01/06/22 | 118 | 360 | 36 | 2 | 6 | 0 | 0 | 12/06/28 | No | 12/06/28 | 21,988,400 | | 55.0% | L(26),Def(91),O(3) |
9 | LCM | Pier 54 Seattle | | | 112 | 0 | 120 | 8 | 6 | 0 | 0 | 06/06/28 | No | 06/06/28 | 23,000,000 | | 56.1% | L(32),Def(84),O(4) |
10 | LCM | CBBC Industrial Portfolio | | | 117 | 0 | 120 | 3 | 6 | 0 | 0 | 11/06/28 | No | 11/06/28 | 20,000,000 | | 61.7% | L(23),Grtr1%orYM(4),DeforGrtr1%orYM(88),O(5) |
10.01 | LCM | CBBC - Dallas, TX | | | | | | | | | | | | | 8,074,675 | | | |
10.02 | LCM | CBBC - Winter Haven, FL | | | | | | | | | | | | | 4,891,571 | | | |
10.03 | LCM | CBBC - Lakeland, FL | | | | | | | | | | | | | 4,393,739 | | | |
10.04 | LCM | CBBC - Houston, TX | | | | | | | | | | | | | 2,640,015 | | | |
11 | LCM | Arbors at the Park Ole Miss | 05/06/19 | 06/06/19 | 117 | 360 | 6 | 3 | 6 | 0 | 0 | 11/06/28 | No | 11/06/28 | 16,967,808 | | 47.5% | L(27),Def(90),O(3) |
12 | LCM | Inland Empire Office Portfolio I | 10/06/23 | 11/06/23 | 116 | 360 | 60 | 4 | 6 | 0 | 0 | 10/06/28 | No | 10/06/28 | 18,200,297 | | 56.0% | L(28),Def(89),O(3) |
12.01 | LCM | Lakeside Tower | | | | | | | | | | | | | 13,377,218 | | | |
12.02 | LCM | One Hospitality | | | | | | | | | | | | | 4,823,079 | | | |
13 | LCM | 221 S Franklin | 12/06/23 | 01/06/24 | 118 | 360 | 60 | 2 | 6 | 0 | 0 | 12/06/28 | No | 12/06/28 | 17,883,291 | | 63.9% | L(26),Def(90),O(4) |
14 | LCM | Sorento Flats | | | 120 | 0 | 120 | 0 | 6 | 0 | 0 | 02/06/29 | No | 02/06/29 | 18,200,000 | | 59.3% | L(24),Def(91),O(5) |
15 | LCM | LA Fitness Van Nuys | | | 117 | 0 | 120 | 3 | 6 | 0 | 0 | 11/06/28 | No | 11/06/28 | 18,000,000 | | 59.1% | L(27),Def(90),O(3) |
16 | LCM | 2581 Junction | | | 118 | 0 | 120 | 2 | 6 | 0 | 0 | 12/06/28 | No | 12/06/28 | 17,000,000 | | 51.5% | L(26),Def(90),O(4) |
17 | LCM | Inland Empire Office Portfolio II | 11/06/23 | 12/06/23 | 117 | 360 | 60 | 3 | 6 | 0 | 0 | 11/06/28 | No | 11/06/28 | 15,296,792 | | 55.6% | L(27),Def(90),O(3) |
17.01 | LCM | Brier Corporate Center | | | | | | | | | | | | | 12,117,640 | | | |
17.02 | LCM | Three Parkside | | | | | | | | | | | | | 3,179,153 | | | |
18 | JPMCB | Sheraton Music City | | | 112 | 352 | 0 | 8 | 1 | 0 | 2 (Once per year) | 06/01/28 | No | 06/01/28 | 12,309,614 | | 50.0% | L(25),Grtr1%orYM(92),O(3) |
19 | LCM | RDM Chicago Portfolio | 10/06/21 | 11/06/21 | 116 | 360 | 36 | 4 | 6 | 0 | 0 | 10/06/28 | No | 10/06/28 | 13,183,468 | | 53.5% | L(28),Def(88),O(4) |
19.01 | LCM | 1200 North Ashland Avenue | | | | | | | | | | | | | 8,433,868 | | | |
19.02 | LCM | 2015 West Irving Park Road | | | | | | | | | | | | | 2,530,160 | | | |
19.03 | LCM | 1212 North Wells Street | | | | | | | | | | | | | 1,162,986 | | | |
19.04 | LCM | 230 West Division Street | | | | | | | | | | | | | 1,056,453 | | | |
20 | LCM | The Strand | | | 117 | 0 | 120 | 3 | 6 | 0 | 0 | 11/06/28 | No | 11/06/28 | 13,500,000 | | 64.3% | L(27),Def(88),O(5) |
21 | LCM | Medical Office & Walgreens Portfolio | 07/06/23 | 08/06/23 | 113 | 360 | 60 | 7 | 6 | 0 | 0 | 07/06/28 | No | 07/06/28 | 11,943,180 | | 52.7% | L(31),Def(86),O(3) |
21.01 | LCM | Walgreens Levittown | | | | | | | | | | | | | 3,527,832 | | | |
21.02 | LCM | Fresenius Sun Prairie | | | | | | | | | | | | | 1,910,909 | | | |
21.03 | LCM | Fresenius Darlington | | | | | | | | | | | | | 1,740,948 | | | |
21.04 | LCM | DaVita Memphis | | | | | | | | | | | | | 1,676,639 | | | |
21.05 | LCM | Fresenius Louisville | | | | | | | | | | | | | 1,561,800 | | | |
21.06 | LCM | Fresenius Florence | | | | | | | | | | | | | 1,525,052 | | | |
22 | LCM | Hampton Inn & Suites Alpharetta | 01/06/20 | 02/06/20 | 119 | 360 | 12 | 1 | 6 | 0 | 0 | 01/06/29 | No | 01/06/29 | 10,022,539 | | 55.4% | L(25),Def(91),O(4) |
23 | LCM | Altura Office Building | 09/06/23 | 10/06/23 | 115 | 360 | 60 | 5 | 6 | 0 | 0 | 09/06/28 | No | 09/06/28 | 10,826,922 | | 56.4% | L(29),Def(88),O(3) |
24 | LCM | LA Fitness Northridge | | | 119 | 0 | 120 | 1 | 6 | 0 | 0 | 01/06/29 | No | 01/06/29 | 11,000,000 | | 52.1% | L(25),Def(92),O(3) |
25 | LCM | 3500 Helms | | | 117 | 0 | 120 | 3 | 6 | 0 | 0 | 11/06/28 | No | 11/06/28 | 11,000,000 | | 57.1% | L(27),Def(89),O(4) |
26 | LCM | Vallejo MHC & RV Park | 01/06/22 | 02/06/22 | 119 | 360 | 36 | 1 | 6 | 0 | 0 | 01/06/29 | No | 01/06/29 | 9,587,446 | | 49.2% | L(25),Def(92),O(3) |
27 | LCM | Hickory View Apartments | | | 109 | 0 | 120 | 11 | 6 | 0 | 0 | 03/06/28 | No | 03/06/28 | 10,600,000 | | 73.6% | L(35),Def(81),O(4) |
28 | JPMCB | 1501 Experiment Farm Road | | | 119 | 359 | 0 | 1 | 1 | 0 | 0 | 01/01/29 | No | 01/01/29 | 7,626,755 | | 55.7% | L(25),Def(92),O(3) |
29 | JPMCB | Carlsbad | | | 120 | 0 | 120 | 0 | 1 | 5 | 5 | 02/01/29 | No | 02/01/29 | 9,100,000 | | 65.0% | L(24),Def(1),DeforGrtr1%orYM(90),Grtr1%orYM(1),O(4) |
30 | LCM | Estrella Healthcare Campus | 07/06/22 | 08/06/22 | 113 | 360 | 48 | 7 | 6 | 0 | 0 | 07/06/28 | No | 07/06/28 | 7,793,989 | | 57.7% | L(31),Def(85),O(4) |
31 | JPMCB | North Oak Marketplace | 02/01/22 | 03/01/22 | 120 | 360 | 36 | 0 | 1 | 5 | 5 | 02/01/29 | No | 02/01/29 | 7,327,797 | | 57.5% | L(25),Grtr1%orYM(92),O(3) |
32 | LCM | Fresenius & DaVita Portfolio | 08/06/23 | 09/06/23 | 114 | 360 | 60 | 6 | 6 | 0 | 0 | 08/06/28 | No | 08/06/28 | 7,555,597 | | 54.3% | L(30),Def(87),O(3) |
32.01 | LCM | Fresenius Medical Care Aurora | | | | | | | | | | | | | 2,156,132 | | | |
32.02 | LCM | Fresenius Medical Care El Paso | | | | | | | | | | | | | 2,009,953 | | | |
32.03 | LCM | DaVita Dialysis House Springs | | | | | | | | | | | | | 1,882,047 | | | |
32.04 | LCM | DaVita Dialysis St. Joseph | | | | | | | | | | | | | 1,507,465 | | | |
33 | JPMCB | Tru by Hilton McDonough | | | 120 | 360 | 0 | 0 | 1 | 0 | 0 | 02/01/29 | No | 02/01/29 | 6,722,743 | | 54.2% | L(25),Grtr1%orYM(92),O(3) |
34 | LCM | Northshore Plaza | 12/06/20 | 01/06/21 | 118 | 360 | 24 | 2 | 6 | 0 | 0 | 12/06/28 | No | 12/06/28 | 5,418,966 | | 64.5% | L(26),Def(91),O(3) |
35 | JPMCB | DPBI Portfolio | | | 59 | 359 | 0 | 1 | 1 | 0 | 0 | 01/01/24 | No | 01/01/24 | 4,611,052 | | 47.4% | L(25),Grtr1%orYM(32),O(3) |
35.01 | JPMCB | National Tire & Battery | | | | | | | | | | | | | 1,890,531 | | | |
35.02 | JPMCB | Applebee's - Tifton | | | | | | | | | | | | | 1,383,316 | | | |
35.03 | JPMCB | Applebee's - Calhoun | | | | | | | | | | | | | 1,337,205 | | | |
36 | LCM | Wilton Walk Townhomes | | | 116 | 0 | 120 | 4 | 6 | 0 | 0 | 10/06/28 | No | 10/06/28 | 4,900,000 | | 68.1% | L(28),Def(88),O(4) |
37 | LCM | Colony Square Outparcels | | | 118 | 358 | 0 | 2 | 6 | 0 | 0 | 12/06/28 | No | 12/06/28 | 3,391,887 | | 58.4% | L(26),Def(90),O(4) |
38 | JPMCB | Liberty Commons | | | 119 | 359 | 0 | 1 | 1 | 0 | 0 | 01/01/29 | No | 01/01/29 | 3,362,742 | | 59.3% | L(25),Grtr1%orYM(92),O(3) |
| | | | | | | | | | | | | | | | |
| | | HISTORICAL FINANCIALS(14) | |
| | | | | | | | | | | | | | | | UW |
| | | 2015 | 2015 | 2015 | 2016 | 2016 | 2016 | 2017 | 2017 | 2017 | Most Recent | Most Recent | Most Recent | | Economic |
Loan # | Seller(1) | Property Name | Revenues ($) | Total Expenses ($) | NOI ($) | Revenues ($) | Total Expenses ($) | NOI ($) | Revenues ($) | Total Expenses ($) | NOI ($) | Revenues ($) | Total Expenses ($) | NOI ($)(15) | As of | Occupancy % |
1 | LCM | Renaissance Seattle | 40,908,326 | 25,083,570 | 15,824,756 | 42,150,053 | 26,056,984 | 16,093,069 | 44,064,524 | 27,781,962 | 16,282,562 | 44,885,370 | 28,621,493 | 16,263,877 | 09/30/18 | 81.6% |
2 | LCM | 400 South El Camino | 7,358,335 | 2,052,848 | 5,305,486 | 7,986,620 | 2,279,874 | 5,706,746 | 8,343,837 | 2,333,841 | 6,009,997 | 9,763,351 | 2,385,531 | 7,377,820 | 09/30/18 | 95.0% |
3 | JPMCB | Liberty Station Retail | 9,262,534 | 2,928,914 | 6,333,620 | 10,987,815 | 3,287,760 | 7,700,055 | 11,752,629 | 4,101,991 | 7,650,638 | 12,739,202 | 3,686,770 | 9,052,432 | 08/31/18 | 94.8% |
4 | LCM | Bedford Square | | | | | | | | | | 4,677,580 | 1,238,119 | 3,439,461 | 10/31/18 | 83.7% |
5 | LCM | Saint Louis Galleria | 35,791,437 | 10,624,571 | 25,166,866 | 37,373,498 | 10,525,998 | 26,847,500 | 37,193,781 | 10,197,175 | 26,996,606 | 37,310,336 | 10,000,986 | 27,309,350 | 08/31/18 | 97.1% |
6 | LCM | Grand Hyatt Seattle | 40,411,207 | 25,893,073 | 14,518,134 | 42,069,129 | 26,736,437 | 15,332,692 | 43,235,832 | 27,217,686 | 16,018,146 | 43,986,498 | 27,506,795 | 16,479,703 | 08/31/18 | 86.4% |
7 | LCM | Fleet Farm Distribution Center | | | | | | | | | | | | | | 90.0% |
8 | LCM | Peachtree Corners Marketplace | 656,966 | 228,494 | 428,472 | 941,931 | 300,768 | 641,163 | 1,399,377 | 374,336 | 1,025,042 | 1,797,868 | 392,704 | 1,405,164 | 07/31/18 | 93.0% |
9 | LCM | Pier 54 Seattle | | | | | | | 2,786,450 | 1,196,618 | 1,589,832 | 2,849,621 | 951,108 | 1,898,513 | 08/31/18 | 66.6% |
10 | LCM | CBBC Industrial Portfolio | | | | | | | | | | | | | | 95.0% |
10.01 | LCM | CBBC - Dallas, TX | | | | | | | | | | | | | | |
10.02 | LCM | CBBC - Winter Haven, FL | | | | | | | | | | | | | | |
10.03 | LCM | CBBC - Lakeland, FL | | | | | | | | | | | | | | |
10.04 | LCM | CBBC - Houston, TX | | | | | | | | | | | | | | |
11 | LCM | Arbors at the Park Ole Miss | | | | | | | | | | | | | | 92.5% |
12 | LCM | Inland Empire Office Portfolio I | | | | 2,585,859 | 1,081,881 | 1,503,978 | 2,474,812 | 1,061,702 | 1,413,110 | 2,608,517 | 1,178,225 | 1,430,292 | 07/31/18 | 92.1% |
12.01 | LCM | Lakeside Tower | | | | 2,364,784 | 990,112 | 1,374,672 | 2,474,812 | 960,683 | 1,514,129 | 2,493,771 | 1,019,836 | 1,473,935 | 07/31/18 | 91.2% |
12.02 | LCM | One Hospitality | | | | 221,075 | 91,769 | 129,306 | 0 | 101,019 | -101,019 | 114,746 | 158,389 | -43,643 | 07/31/18 | 95.0% |
13 | LCM | 221 S Franklin | | | | | | | 1,160,270 | 678,132 | 482,138 | 2,432,247 | 873,232 | 1,559,015 | 07/31/18 | 92.3% |
14 | LCM | Sorento Flats | | | | | | | | | | 1,976,352 | 588,453 | 1,387,899 | 11/30/18 | 95.0% |
15 | LCM | LA Fitness Van Nuys | 400,000 | 0 | 400,000 | 400,000 | 0 | 400,000 | 400,000 | 0 | 400,000 | 1,100,000 | 0 | 1,100,000 | 08/31/18 | 95.0% |
16 | LCM | 2581 Junction | | | | | | | | | | 1,932,090 | 282,431 | 1,649,659 | 08/31/18 | 90.0% |
17 | LCM | Inland Empire Office Portfolio II | | | | 1,477,005 | 865,581 | 611,424 | 1,402,895 | 923,146 | 479,749 | 2,073,214 | 1,038,248 | 1,034,966 | 08/31/18 | 88.1% |
17.01 | LCM | Brier Corporate Center | | | | 1,172,532 | 669,217 | 503,315 | 1,006,974 | 700,572 | 306,402 | 1,421,267 | 765,156 | 656,111 | 08/31/18 | 88.4% |
17.02 | LCM | Three Parkside | | | | 304,473 | 196,364 | 108,109 | 395,921 | 222,574 | 173,347 | 651,947 | 273,092 | 378,855 | 08/31/18 | 87.0% |
18 | JPMCB | Sheraton Music City | 23,777,574 | 16,485,575 | 7,291,999 | 25,241,806 | 16,794,736 | 8,447,070 | 22,141,598 | 15,743,088 | 6,398,510 | 25,160,493 | 17,100,788 | 8,059,705 | 09/30/18 | 80.0% |
19 | LCM | RDM Chicago Portfolio | 1,890,253 | 692,013 | 1,198,240 | 2,112,897 | 835,718 | 1,277,179 | 1,879,862 | 914,676 | 965,186 | 2,024,788 | 901,325 | 1,123,463 | 07/31/18 | 91.8% |
19.01 | LCM | 1200 North Ashland Avenue | 1,216,063 | 555,129 | 660,934 | 1,349,787 | 673,995 | 675,792 | 1,141,789 | 728,608 | 413,181 | 1,313,274 | 727,410 | 585,864 | 07/31/18 | 91.2% |
19.02 | LCM | 2015 West Irving Park Road | 431,375 | 99,383 | 331,992 | 496,518 | 120,166 | 376,352 | 470,212 | 137,674 | 332,538 | 436,915 | 133,935 | 302,980 | 07/31/18 | 92.0% |
19.03 | LCM | 1212 North Wells Street | 134,296 | 26,964 | 107,332 | 156,453 | 28,568 | 127,885 | 157,699 | 32,726 | 124,973 | 161,351 | 25,963 | 135,388 | 07/31/18 | 95.0% |
19.04 | LCM | 230 West Division Street | 108,519 | 10,537 | 97,982 | 110,139 | 12,989 | 97,150 | 110,162 | 15,668 | 94,494 | 113,248 | 14,017 | 99,231 | 07/31/18 | 95.0% |
20 | LCM | The Strand | | | | 1,006,857 | 553,369 | 453,488 | 979,090 | 574,413 | 404,677 | 1,256,195 | 590,758 | 665,437 | 08/31/18 | 92.0% |
21 | LCM | Medical Office & Walgreens Portfolio | | | | | | | | | | | | | | 97.8% |
21.01 | LCM | Walgreens Levittown | | | | | | | | | | | | | | 95.0% |
21.02 | LCM | Fresenius Sun Prairie | | | | | | | | | | | | | | 100.0% |
21.03 | LCM | Fresenius Darlington | | | | | | | | | | | | | | 100.0% |
21.04 | LCM | DaVita Memphis | | | | | | | | | | | | | | 95.0% |
21.05 | LCM | Fresenius Louisville | | | | | | | | | | | | | | 100.0% |
21.06 | LCM | Fresenius Florence | | | | | | | | | | | | | | 100.0% |
22 | LCM | Hampton Inn & Suites Alpharetta | 3,475,538 | 2,310,547 | 1,164,991 | 3,891,778 | 2,405,518 | 1,486,260 | 4,046,788 | 2,501,174 | 1,545,613 | 4,000,142 | 2,481,779 | 1,518,363 | 08/31/18 | 84.4% |
23 | LCM | Altura Office Building | 1,669,314 | 760,409 | 908,904 | 1,639,048 | 730,720 | 908,328 | 2,375,738 | 903,155 | 1,472,583 | 2,461,599 | 885,854 | 1,575,745 | 06/30/18 | 92.0% |
24 | LCM | LA Fitness Northridge | | | | | | | | | | | | | | 95.0% |
25 | LCM | 3500 Helms | 806,584 | 165,821 | 640,763 | 664,895 | 164,445 | 500,450 | 1,036,157 | 235,766 | 800,391 | 1,108,326 | 194,778 | 913,548 | 07/31/18 | 95.1% |
26 | LCM | Vallejo MHC & RV Park | | | | 1,560,165 | 705,825 | 854,340 | 1,617,893 | 707,135 | 910,758 | 1,737,122 | 752,312 | 984,811 | 11/30/18 | 97.1% |
27 | LCM | Hickory View Apartments | 1,133,929 | 436,564 | 697,365 | 1,316,993 | 438,474 | 878,519 | 1,370,013 | 542,337 | 827,676 | 1,389,182 | 495,306 | 893,876 | 09/30/18 | 89.9% |
28 | JPMCB | 1501 Experiment Farm Road | | | | | | | | | | | | | | 95.0% |
29 | JPMCB | Carlsbad | | | | 696,040 | 401,324 | 294,717 | 872,858 | 394,448 | 478,409 | | | | | 90.0% |
30 | LCM | Estrella Healthcare Campus | | | | | | | | | | | | | | 90.0% |
31 | JPMCB | North Oak Marketplace | 1,450,813 | 362,560 | 1,088,253 | 1,441,708 | 368,002 | 1,073,706 | 1,527,346 | 375,159 | 1,152,187 | 1,538,816 | 376,227 | 1,162,588 | 09/30/18 | 93.5% |
32 | LCM | Fresenius & DaVita Portfolio | | | | | | | | | | | | | | 97.9% |
32.01 | LCM | Fresenius Medical Care Aurora | | | | | | | | | | | | | | 100.0% |
32.02 | LCM | Fresenius Medical Care El Paso | | | | | | | | | | | | | | 100.0% |
32.03 | LCM | DaVita Dialysis House Springs | | | | | | | | | | | | | | 95.0% |
32.04 | LCM | DaVita Dialysis St. Joseph | | | | | | | | | | | | | | 95.0% |
33 | JPMCB | Tru by Hilton McDonough | | | | | | | | | | 2,370,855 | 1,466,738 | 904,117 | 10/31/18 | 70.5% |
34 | LCM | Northshore Plaza | 769,944 | 317,084 | 452,860 | 894,226 | 241,503 | 652,723 | 976,175 | 289,763 | 686,412 | 1,003,454 | 327,212 | 676,241 | 09/30/18 | 94.0% |
35 | JPMCB | DPBI Portfolio | 579,093 | 0 | 579,093 | 591,243 | 0 | 591,243 | 600,766 | 0 | 600,766 | 602,332 | 0 | 602,332 | 09/30/18 | 95.0% |
35.01 | JPMCB | National Tire & Battery | 222,438 | 0 | 222,438 | 230,723 | 0 | 230,723 | 236,636 | 0 | 236,636 | 236,637 | 0 | 236,637 | 09/30/18 | 95.0% |
35.02 | JPMCB | Applebee's - Tifton | 181,350 | 0 | 181,350 | 183,315 | 0 | 183,315 | 185,153 | 0 | 185,153 | 185,924 | 0 | 185,924 | 09/30/18 | 95.0% |
35.03 | JPMCB | Applebee's - Calhoun | 175,305 | 0 | 175,305 | 177,205 | 0 | 177,205 | 178,977 | 0 | 178,977 | 179,771 | 0 | 179,771 | 09/30/18 | 95.0% |
36 | LCM | Wilton Walk Townhomes | | | | | | | | | | 238,000 | 75,109 | 162,891 | 06/30/18 | 95.0% |
37 | LCM | Colony Square Outparcels | | | | | | | | | | | | | | 96.0% |
38 | JPMCB | Liberty Commons | | | | | | | | | | | | | | 95.0% |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
| | | UW | UW Total | UW | UW Capital | UW | UW | UW NCF | UW NOI | UW NCF | | Ground Lease | Ground Lease | Franchise | | |
Loan # | Seller(1) | Property Name | Revenues ($)(4) | Expenses ($) | NOI ($)(4)(15)(16) | Items ($) | NCF ($)(4)(16) | NOI DSCR(17) | DSCR(17) | Debt Yield % | Debt Yield % | Title Type(18) | Expiration | Extension Terms | Expiration Date(19) | PML %(20) | |
1 | LCM | Renaissance Seattle | 44,885,370 | 28,882,387 | 16,002,982 | 2,244,268 | 13,758,714 | 2.58 | 2.22 | 12.6% | 10.8% | Fee | | | 08/14/2028 | 8% | |
2 | LCM | 400 South El Camino | 10,328,734 | 2,583,895 | 7,744,839 | 425,374 | 7,319,465 | 1.66 | 1.57 | 10.3% | 9.8% | Fee | | | | 16% | |
3 | JPMCB | Liberty Station Retail | 13,968,591 | 4,609,164 | 9,359,427 | 376,860 | 8,982,567 | 1.51 | 1.45 | 8.0% | 7.7% | Fee/Leasehold | 12/31/2070 | None | | 19% | |
4 | LCM | Bedford Square | 6,048,015 | 1,723,994 | 4,324,021 | 103,940 | 4,220,081 | 1.63 | 1.59 | 9.0% | 8.8% | Fee | | | | | |
5 | LCM | Saint Louis Galleria | 37,642,385 | 10,481,622 | 27,160,764 | 676,467 | 26,484,297 | 1.72 | 1.67 | 11.3% | 11.0% | Fee | | | | | |
6 | LCM | Grand Hyatt Seattle | 43,899,089 | 27,568,430 | 16,330,659 | 2,194,954 | 14,135,705 | 2.55 | 2.21 | 12.3% | 10.6% | Fee | | | 01/31/2044 | 10% | |
7 | LCM | Fleet Farm Distribution Center | 3,155,531 | 94,666 | 3,060,865 | 349,174 | 2,711,691 | 1.50 | 1.33 | 9.5% | 8.4% | Fee | | | | | |
8 | LCM | Peachtree Corners Marketplace | 2,864,949 | 520,992 | 2,343,957 | 115,310 | 2,228,647 | 1.46 | 1.39 | 9.5% | 9.1% | Fee | | | | | |
9 | LCM | Pier 54 Seattle | 2,873,322 | 1,024,372 | 1,848,950 | 31,560 | 1,817,390 | 1.59 | 1.56 | 8.0% | 7.9% | Fee/Leasehold | 07/31/2046 | None | | 8% | |
10 | LCM | CBBC Industrial Portfolio | 5,678,349 | 170,350 | 5,507,998 | 682,363 | 4,825,635 | 2.02 | 1.77 | 10.4% | 9.1% | Fee | | | | | |
10.01 | LCM | CBBC - Dallas, TX | | | | | | | | | | Fee | | | | | |
10.02 | LCM | CBBC - Winter Haven, FL | | | | | | | | | | Fee | | | | | |
10.03 | LCM | CBBC - Lakeland, FL | | | | | | | | | | Fee | | | | | |
10.04 | LCM | CBBC - Houston, TX | | | | | | | | | | Fee | | | | | |
11 | LCM | Arbors at the Park Ole Miss | 2,587,400 | 688,417 | 1,898,983 | 34,000 | 1,864,983 | 1.45 | 1.43 | 9.5% | 9.3% | Fee | | | | | |
12 | LCM | Inland Empire Office Portfolio I | 3,693,905 | 1,440,541 | 2,253,365 | 215,271 | 2,038,094 | 1.81 | 1.64 | 11.4% | 10.3% | Fee | | | | Various | |
12.01 | LCM | Lakeside Tower | 2,800,419 | 1,129,652 | 1,670,767 | 169,074 | 1,501,693 | | | | | Fee | | | | 12% | |
12.02 | LCM | One Hospitality | 893,486 | 310,889 | 582,598 | 46,197 | 536,401 | | | | | Fee | | | | 10% | |
13 | LCM | 221 S Franklin | 2,798,930 | 876,738 | 1,922,192 | 164,247 | 1,757,944 | 1.47 | 1.34 | 10.0% | 9.1% | Fee | | | | | |
14 | LCM | Sorento Flats | 2,053,123 | 631,443 | 1,421,680 | 38,500 | 1,383,180 | 1.48 | 1.44 | 7.8% | 7.6% | Fee | | | | 9% | |
15 | LCM | LA Fitness Van Nuys | 1,781,087 | 274,828 | 1,506,259 | 10,640 | 1,495,619 | 1.61 | 1.60 | 8.4% | 8.3% | Fee | | | | 11% | |
16 | LCM | 2581 Junction | 2,248,977 | 632,971 | 1,616,006 | 109,580 | 1,506,426 | 1.77 | 1.65 | 9.5% | 8.9% | Fee | | | | 17% | |
17 | LCM | Inland Empire Office Portfolio II | 3,050,524 | 1,149,196 | 1,901,329 | 192,164 | 1,709,164 | 1.79 | 1.61 | 11.5% | 10.3% | Fee | | | | Various | |
17.01 | LCM | Brier Corporate Center | 2,364,631 | 861,117 | 1,503,515 | 151,526 | 1,351,988 | | | | | Fee | | | | 4% | |
17.02 | LCM | Three Parkside | 685,893 | 288,079 | 397,814 | 40,638 | 357,176 | | | | | Fee | | | | 16% | |
18 | JPMCB | Sheraton Music City | 25,851,995 | 17,679,953 | 8,172,043 | 0 | 8,172,043 | 1.82 | 1.82 | 11.8% | 11.8% | Fee | | | 06/30/2036 | | |
19 | LCM | RDM Chicago Portfolio | 2,303,242 | 933,256 | 1,369,987 | 99,644 | 1,270,344 | 1.41 | 1.31 | 9.2% | 8.6% | Fee | | | | | |
19.01 | LCM | 1200 North Ashland Avenue | 1,596,286 | 749,283 | 847,003 | 63,882 | 783,121 | | | | | Fee | | | | | |
19.02 | LCM | 2015 West Irving Park Road | 437,146 | 139,826 | 297,320 | 22,978 | 274,342 | | | | | Fee | | | | | |
19.03 | LCM | 1212 North Wells Street | 159,859 | 31,596 | 128,263 | 5,248 | 123,016 | | | | | Fee | | | | | |
19.04 | LCM | 230 West Division Street | 109,951 | 12,551 | 97,401 | 7,536 | 89,865 | | | | | Fee | | | | | |
20 | LCM | The Strand | 1,866,963 | 639,110 | 1,227,853 | 109,316 | 1,118,537 | 1.77 | 1.61 | 9.1% | 8.3% | Fee | | | | 9% | |
21 | LCM | Medical Office & Walgreens Portfolio | 1,385,218 | 41,557 | 1,343,662 | 4,929 | 1,338,733 | 1.65 | 1.65 | 10.3% | 10.3% | Fee | | | | Various | |
21.01 | LCM | Walgreens Levittown | 406,600 | 12,198 | 394,402 | 1,477 | 392,925 | | | | | Fee | | | | | |
21.02 | LCM | Fresenius Sun Prairie | 217,626 | 6,529 | 211,097 | 730 | 210,367 | | | | | Fee | | | | | |
21.03 | LCM | Fresenius Darlington | 209,952 | 6,299 | 203,653 | 893 | 202,760 | | | | | Fee | | | | | |
21.04 | LCM | DaVita Memphis | 175,711 | 5,271 | 170,440 | 631 | 169,809 | | | | | Fee | | | | 5% | |
21.05 | LCM | Fresenius Louisville | 191,752 | 5,753 | 186,000 | 521 | 185,479 | | | | | Fee | | | | | |
21.06 | LCM | Fresenius Florence | 183,577 | 5,507 | 178,070 | 677 | 177,393 | | | | | Fee | | | | | |
22 | LCM | Hampton Inn & Suites Alpharetta | 4,000,142 | 2,424,562 | 1,575,580 | 120,004 | 1,455,576 | 2.05 | 1.89 | 13.3% | 12.3% | Fee | | | 12/31/2033 | | |
23 | LCM | Altura Office Building | 2,331,206 | 889,453 | 1,441,753 | 131,166 | 1,310,587 | 1.87 | 1.70 | 12.3% | 11.2% | Fee | | | | | |
24 | LCM | LA Fitness Northridge | 1,384,409 | 384,272 | 1,000,136 | 7,400 | 992,736 | 1.76 | 1.75 | 9.1% | 9.0% | Fee | | | | 9% | |
25 | LCM | 3500 Helms | 1,242,646 | 314,201 | 928,444 | 25,074 | 903,371 | 1.57 | 1.53 | 8.4% | 8.2% | Fee | | | | 16% | |
26 | LCM | Vallejo MHC & RV Park | 1,754,686 | 795,805 | 958,881 | 10,300 | 948,581 | 1.33 | 1.32 | 8.9% | 8.8% | Fee | | | | 15% | |
27 | LCM | Hickory View Apartments | 1,389,182 | 532,686 | 856,496 | 30,000 | 826,496 | 1.46 | 1.41 | 8.1% | 7.8% | Fee | | | | | |
28 | JPMCB | 1501 Experiment Farm Road | 1,613,822 | 508,724 | 1,105,098 | 36,282 | 1,068,817 | 1.81 | 1.75 | 12.0% | 11.6% | Fee | | | | | |
29 | JPMCB | Carlsbad | 1,531,768 | 501,864 | 1,029,904 | 32,026 | 997,878 | 2.38 | 2.30 | 11.3% | 11.0% | Fee | | | | 10% | |
30 | LCM | Estrella Healthcare Campus | 1,029,411 | 236,898 | 792,513 | 28,577 | 763,936 | 1.41 | 1.36 | 9.2% | 8.9% | Fee | | | | | |
31 | JPMCB | North Oak Marketplace | 1,384,766 | 379,396 | 1,005,370 | 108,811 | 896,560 | 1.89 | 1.69 | 12.1% | 10.8% | Fee | | | | | |
32 | LCM | Fresenius & DaVita Portfolio | 837,188 | 25,115 | 812,072 | 3,318 | 808,755 | 1.64 | 1.63 | 9.8% | 9.8% | Fee | | | | | |
32.01 | LCM | Fresenius Medical Care Aurora | 252,776 | 7,583 | 245,192 | 718 | 244,475 | | | | | Fee | | | | | |
32.02 | LCM | Fresenius Medical Care El Paso | 235,930 | 7,078 | 228,852 | 796 | 228,056 | | | | | Fee | | | | | |
32.03 | LCM | DaVita Dialysis House Springs | 192,682 | 5,780 | 186,902 | 810 | 186,092 | | | | | Fee | | | | | |
32.04 | LCM | DaVita Dialysis St. Joseph | 155,800 | 4,674 | 151,126 | 994 | 150,132 | | | | | Fee | | | | | |
33 | JPMCB | Tru by Hilton McDonough | 2,370,855 | 1,478,939 | 891,916 | 0 | 891,916 | 1.67 | 1.67 | 11.0% | 11.0% | Fee | | | 02/28/2038 | | |
34 | LCM | Northshore Plaza | 1,113,439 | 373,985 | 739,454 | 73,641 | 665,813 | 1.77 | 1.59 | 11.9% | 10.7% | Fee | | | | | |
35 | JPMCB | DPBI Portfolio | 557,976 | 0 | 557,976 | 3,656 | 554,321 | 1.73 | 1.72 | 11.2% | 11.1% | Fee | | | | | |
35.01 | JPMCB | National Tire & Battery | 229,017 | 0 | 229,017 | 1,593 | 227,424 | | | | | Fee | | | | | |
35.02 | JPMCB | Applebee's - Tifton | 167,268 | 0 | 167,268 | 1,040 | 166,228 | | | | | Fee | | | | | |
35.03 | JPMCB | Applebee's - Calhoun | 161,691 | 0 | 161,691 | 1,023 | 160,668 | | | | | Fee | | | | | |
36 | LCM | Wilton Walk Townhomes | 565,440 | 160,535 | 404,905 | 4,500 | 400,405 | 1.58 | 1.56 | 8.3% | 8.2% | Fee | | | | | |
37 | LCM | Colony Square Outparcels | 480,428 | 89,428 | 391,000 | 12,000 | 379,000 | 1.45 | 1.40 | 9.6% | 9.3% | Fee | | | | | |
38 | JPMCB | Liberty Commons | 556,234 | 144,245 | 411,989 | 16,667 | 395,322 | 1.53 | 1.46 | 10.2% | 9.8% | Fee | | | | | |
| | | | | | | | | | | | |
| | | UPFRONT ESCROW(21) | |
| | | | | | | | | | | | |
| | | Upfront Capex | Upfront Engin. | Upfront Envir. | Upfront TI/LC | Upfront RE Tax | Upfront Ins. | Upfront Debt Service | Upfront Other | Other Upfront | |
Loan # | Seller(1) | Property Name | Reserve ($) | Reserve ($) | Reserve ($) | Reserve ($) | Reserve ($) | Reserve ($) | Reserve ($) | Reserve ($) | Description ($) | |
1 | LCM | Renaissance Seattle | 0 | 0 | 0 | 0 | 95,000 | 280,000 | 0 | 2,866,271 | PIP Reserve | |
2 | LCM | 400 South El Camino | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | |
3 | JPMCB | Liberty Station Retail | 4,074 | 0 | 0 | 27,159 | 515,493 | 0 | 0 | 1,202,027 | Outstanding TI/LC Reserve: 970,683; Free Rent Reserve: 231,344 | |
4 | LCM | Bedford Square | 0 | 0 | 0 | 0 | 235,000 | 70,000 | 0 | 684,740 | Anthropologie Reserve: 500,000; Outstanding TI/LC Reserve: 184,740 | |
5 | LCM | Saint Louis Galleria | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,675,345 | Outstanding TI Reserve: 1,593,050; Bridge Rents Reserve: 82,295 | |
6 | LCM | Grand Hyatt Seattle | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | |
7 | LCM | Fleet Farm Distribution Center | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | |
8 | LCM | Peachtree Corners Marketplace | 0 | 8,050 | 0 | 0 | 30,000 | 32,000 | 0 | 53,515 | Outstanding TI/LC Reserve | |
9 | LCM | Pier 54 Seattle | 0 | 0 | 0 | 0 | 18,000 | 93,000 | 0 | 11,281 | Ground Lease Reserve | |
10 | LCM | CBBC Industrial Portfolio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | |
10.01 | LCM | CBBC - Dallas, TX | | | | | | | | | | |
10.02 | LCM | CBBC - Winter Haven, FL | | | | | | | | | | |
10.03 | LCM | CBBC - Lakeland, FL | | | | | | | | | | |
10.04 | LCM | CBBC - Houston, TX | | | | | | | | | | |
11 | LCM | Arbors at the Park Ole Miss | 0 | 0 | 0 | 0 | 9,276 | 19,724 | 0 | 706,000 | Zoning Discrepancy Reserve | |
12 | LCM | Inland Empire Office Portfolio I | 500,000 | 0 | 0 | 2,500,000 | 260,000 | 0 | 0 | 49,400 | Outstanding TI/LC Reserve: 28,500; Free Rent Reserve: 20,900 | |
12.01 | LCM | Lakeside Tower | | | | | | | | | | |
12.02 | LCM | One Hospitality | | | | | | | | | | |
13 | LCM | 221 S Franklin | 300,000 | 37,188 | 0 | 1,900,000 | 75,000 | 24,000 | 0 | 15,730 | Free Rent Reserve | |
14 | LCM | Sorento Flats | 0 | 10,188 | 0 | 0 | 78,872 | 34,291 | 0 | 196,202 | Coffee on Yesler Reserve: 190,000; Sewer Capacity Reserve: 6,202.26 | |
15 | LCM | LA Fitness Van Nuys | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | |
16 | LCM | 2581 Junction | 0 | 0 | 0 | 0 | 172,000 | 12,750 | 0 | 0 | | |
17 | LCM | Inland Empire Office Portfolio II | 132,527 | 0 | 0 | 2,100,000 | 95,000 | 0 | 0 | 596,900 | Outstanding TI/LC Reserve: 445,532.50; Free Rent Reserve: 151,367.04 | |
17.01 | LCM | Brier Corporate Center | | | | | | | | | | |
17.02 | LCM | Three Parkside | | | | | | | | | | |
18 | JPMCB | Sheraton Music City | 77,916 | 0 | 0 | 0 | 0 | 0 | 0 | 1,433,000 | PIP Reserve | |
19 | LCM | RDM Chicago Portfolio | 0 | 0 | 0 | 400,000 | 125,000 | 22,000 | 0 | 79,009 | Free Rent Reserve | |
19.01 | LCM | 1200 North Ashland Avenue | | | | | | | | | | |
19.02 | LCM | 2015 West Irving Park Road | | | | | | | | | | |
19.03 | LCM | 1212 North Wells Street | | | | | | | | | | |
19.04 | LCM | 230 West Division Street | | | | | | | | | | |
20 | LCM | The Strand | 0 | 0 | 0 | 455,471 | 30,000 | 4,000 | 0 | 170,437 | Free Rent Reserve | |
21 | LCM | Medical Office & Walgreens Portfolio | 49,287 | 0 | 0 | 0 | 55,000 | 0 | 0 | 180,000 | Management Fee Reserve | |
21.01 | LCM | Walgreens Levittown | | | | | | | | | | |
21.02 | LCM | Fresenius Sun Prairie | | | | | | | | | | |
21.03 | LCM | Fresenius Darlington | | | | | | | | | | |
21.04 | LCM | DaVita Memphis | | | | | | | | | | |
21.05 | LCM | Fresenius Louisville | | | | | | | | | | |
21.06 | LCM | Fresenius Florence | | | | | | | | | | |
22 | LCM | Hampton Inn & Suites Alpharetta | 0 | 0 | 0 | 0 | 56,179 | 3,812 | 0 | 690,525 | PIP Reserve | |
23 | LCM | Altura Office Building | 220,000 | 218,569 | 0 | 1,500,000 | 0 | 0 | 0 | 100,994 | Free Rent Reserve | |
24 | LCM | LA Fitness Northridge | 0 | 0 | 0 | 0 | 140,000 | 800 | 0 | 0 | | |
25 | LCM | 3500 Helms | 0 | 0 | 0 | 0 | 26,225 | 0 | 0 | 127,945 | Free Rent Reserve | |
26 | LCM | Vallejo MHC & RV Park | 0 | 150,500 | 0 | 0 | 90,000 | 6,000 | 0 | 260,000 | BI Flood Reserve | |
27 | LCM | Hickory View Apartments | 755,834 | 13,970 | 0 | 0 | 22,212 | 5,787 | 0 | 0 | | |
28 | JPMCB | 1501 Experiment Farm Road | 0 | 0 | 0 | 30,235 | 0 | 0 | 0 | 1,219,020 | Outstanding TI Reserve | |
29 | JPMCB | Carlsbad | 201,034 | 0 | 0 | 504,600 | 0 | 0 | 0 | 40,596 | Outstanding Tenant Obligations Reserve | |
30 | LCM | Estrella Healthcare Campus | 0 | 12,338 | 0 | 0 | 59,000 | 12,650 | 0 | 0 | | |
31 | JPMCB | North Oak Marketplace | 1,934 | 64,779 | 0 | 7,093 | 34,395 | 0 | 0 | 0 | | |
32 | LCM | Fresenius & DaVita Portfolio | 33,170 | 0 | 0 | 0 | 32,500 | 0 | 0 | 120,000 | Management Fee Reserve | |
32.01 | LCM | Fresenius Medical Care Aurora | | | | | | | | | | |
32.02 | LCM | Fresenius Medical Care El Paso | | | | | | | | | | |
32.03 | LCM | DaVita Dialysis House Springs | | | | | | | | | | |
32.04 | LCM | DaVita Dialysis St. Joseph | | | | | | | | | | |
33 | JPMCB | Tru by Hilton McDonough | 7,905 | 0 | 0 | 0 | 20,985 | 0 | 0 | 0 | | |
34 | LCM | Northshore Plaza | 0 | 359,000 | 0 | 200,000 | 0 | 5,000 | 0 | 91,000 | Burgerim Reserve | |
35 | JPMCB | DPBI Portfolio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | |
35.01 | JPMCB | National Tire & Battery | | | | | | | | | | |
35.02 | JPMCB | Applebee's - Tifton | | | | | | | | | | |
35.03 | JPMCB | Applebee's - Calhoun | | | | | | | | | | |
36 | LCM | Wilton Walk Townhomes | 0 | 0 | 0 | 0 | 48,500 | 7,500 | 0 | 0 | | |
37 | LCM | Colony Square Outparcels | 0 | 7,813 | 0 | 0 | 22,230 | 0 | 0 | 0 | | |
38 | JPMCB | Liberty Commons | 181 | 0 | 0 | 1,208 | 6,665 | 638 | 0 | 0 | | |
| | | | | | | | | | |
| | | MONTHLY ESCROW(22) | |
| | | | | | | | | | |
| | | Monthly Capex | Monthly Envir. | Monthly TI/LC | Monthly RE Tax | Monthly Ins. | Monthly Other | Other Monthly | |
Loan # | Seller(1) | Property Name | Reserve ($) | Reserve ($) | Reserve ($) | Reserve ($) | Reserve ($) | Reserve ($) | Description ($) | |
1 | LCM | Renaissance Seattle | 5.0% of Gross Income | 0 | 0 | 116,000 | 28,000 | 0 | | |
2 | LCM | 400 South El Camino | Springing | 0 | Springing | Springing | Springing | 0 | | |
3 | JPMCB | Liberty Station Retail | 4,074 | 0 | 27,309 | 103,098 | Springing | 0 | | |
4 | LCM | Bedford Square | 1,804 | 0 | 4,889 | 90,000 | 12,300 | 0 | | |
5 | LCM | Saint Louis Galleria | Springing | 0 | Springing | Springing | Springing | 0 | | |
6 | LCM | Grand Hyatt Seattle | Springing | 0 | 0 | Springing | Springing | 0 | | |
7 | LCM | Fleet Farm Distribution Center | Springing | 0 | 0 | Springing | Springing | 0 | | |
8 | LCM | Peachtree Corners Marketplace | 2,023 | 0 | 7,586 | 22,000 | 2,900 | 0 | | |
9 | LCM | Pier 54 Seattle | 1,371 | 0 | Springing | 9,250 | 16,600 | 3,800 | Ground Lease Reserve | |
10 | LCM | CBBC Industrial Portfolio | Springing | 0 | Springing | Springing | Springing | 0 | | |
10.01 | LCM | CBBC - Dallas, TX | | | | | | | | |
10.02 | LCM | CBBC - Winter Haven, FL | | | | | | | | |
10.03 | LCM | CBBC - Lakeland, FL | | | | | | | | |
10.04 | LCM | CBBC - Houston, TX | | | | | | | | |
11 | LCM | Arbors at the Park Ole Miss | 2,833 | 0 | 0 | 17,662 | Springing | 0 | | |
12 | LCM | Inland Empire Office Portfolio I | Springing | 0 | Springing | 34,500 | Springing | 0 | | |
12.01 | LCM | Lakeside Tower | | | | | | | | |
12.02 | LCM | One Hospitality | | | | | | | | |
13 | LCM | 221 S Franklin | Springing | 0 | 0 | 37,300 | 7,940 | 0 | | |
14 | LCM | Sorento Flats | 3,208 | 0 | 0 | 19,718 | 2,449 | 3,101 | Sewer Capacity Reserve | |
15 | LCM | LA Fitness Van Nuys | Springing | 0 | Springing | Springing | Springing | 0 | | |
16 | LCM | 2581 Junction | 1,161 | 0 | 0 | 34,400 | 12,750 | 0 | | |
17 | LCM | Inland Empire Office Portfolio II | Springing | 0 | Springing | 27,600 | Springing | 0 | | |
17.01 | LCM | Brier Corporate Center | | | | | | | | |
17.02 | LCM | Three Parkside | | | | | | | | |
18 | JPMCB | Sheraton Music City | 4% of Gross Revenues | 0 | 0 | Springing | Springing | Springing | PIP Reserve | |
19 | LCM | RDM Chicago Portfolio | 1,384 | 0 | Springing | 32,000 | 3,100 | 0 | | |
19.01 | LCM | 1200 North Ashland Avenue | | | | | | | | |
19.02 | LCM | 2015 West Irving Park Road | | | | | | | | |
19.03 | LCM | 1212 North Wells Street | | | | | | | | |
19.04 | LCM | 230 West Division Street | | | | | | | | |
20 | LCM | The Strand | 789 | 0 | 5,915 | 14,510 | 800 | 0 | | |
21 | LCM | Medical Office & Walgreens Portfolio | Springing | 0 | 0 | 15,700 | Springing | 0 | | |
21.01 | LCM | Walgreens Levittown | | | | | | | | |
21.02 | LCM | Fresenius Sun Prairie | | | | | | | | |
21.03 | LCM | Fresenius Darlington | | | | | | | | |
21.04 | LCM | DaVita Memphis | | | | | | | | |
21.05 | LCM | Fresenius Louisville | | | | | | | | |
21.06 | LCM | Fresenius Florence | | | | | | | | |
22 | LCM | Hampton Inn & Suites Alpharetta | 4% of Gross Revenues | 0 | 0 | 14,045 | 1,906 | 0 | | |
23 | LCM | Altura Office Building | 0 | 0 | Springing | 10,000 | Springing | 0 | Free Rent Reserve | |
24 | LCM | LA Fitness Northridge | 617 | 0 | Springing | 22,850 | 800 | 0 | | |
25 | LCM | 3500 Helms | 319 | 0 | 1,771 | 6,665 | Springing | 0 | | |
26 | LCM | Vallejo MHC & RV Park | 858 | 0 | 0 | 18,000 | 800 | Springing | BI Flood Reserve | |
27 | LCM | Hickory View Apartments | 3,000 | 0 | 0 | 11,106 | 2,894 | 0 | | |
28 | JPMCB | 1501 Experiment Farm Road | Springing | 0 | 30,235 | Springing | Springing | 0 | | |
29 | JPMCB | Carlsbad | 1,034 | 0 | 5,168 | 0 | Springing | Springing | Outstanding Tenant Obligations Reserve | |
30 | LCM | Estrella Healthcare Campus | 728 | 0 | 827 | 9,750 | 1,020 | 0 | | |
31 | JPMCB | North Oak Marketplace | 1,934 | 0 | 7,093 | 17,198 | Springing | 0 | | |
32 | LCM | Fresenius & DaVita Portfolio | Springing | 0 | 0 | 9,700 | Springing | 0 | | |
32.01 | LCM | Fresenius Medical Care Aurora | | | | | | | | |
32.02 | LCM | Fresenius Medical Care El Paso | | | | | | | | |
32.03 | LCM | DaVita Dialysis House Springs | | | | | | | | |
32.04 | LCM | DaVita Dialysis St. Joseph | | | | | | | | |
33 | JPMCB | Tru by Hilton McDonough | 4% of Gross Income | 0 | 0 | 6,995 | Springing | Springing | PIP Reserve | |
34 | LCM | Northshore Plaza | 969 | 0 | 4,845 | 8,236 | 1,445 | 0 | | |
35 | JPMCB | DPBI Portfolio | Springing | 0 | 0 | Springing | Springing | 0 | | |
35.01 | JPMCB | National Tire & Battery | | | | | | | | |
35.02 | JPMCB | Applebee's - Tifton | | | | | | | | |
35.03 | JPMCB | Applebee's - Calhoun | | | | | | | | |
36 | LCM | Wilton Walk Townhomes | 375 | 0 | 0 | 7,880 | 2,420 | Springing | Cash Management Security Reserve | |
37 | LCM | Colony Square Outparcels | 400 | 0 | 1,833 | 1,853 | Springing | 0 | | |
38 | JPMCB | Liberty Commons | 181 | 0 | 1,208 | 6,665 | 638 | Springing | Free Rent Reserve; Outstanding TI Reserve Fund | |
| | | | | | | | | | | | | | | | | | | |
| | | RESERVE CAPS(23) | | | LARGEST TENANT(24)(26) | | 2nd LARGEST TENANT(4)(26) | |
| | | | | | | | | | | | | | | | | | | |
| | | CapEx | Envir. | TI/LC | RE Tax | Insur. | Debt Service | Other | | Single | | | Lease | | | | Lease | |
Loan # | Seller(1) | Property Name | Reserve Cap ($) | Reserve Cap ($) | Reserve Cap ($) | Reserve Cap ($) | Reserve Cap ($) | Reserve Cap ($) | Reserve Cap ($) | | Tenant | Largest Tenant | Unit Size | Expiration | | 2nd Largest Tenant | Unit Size | Expiration | |
1 | LCM | Renaissance Seattle | | | | | | | | | No | | | | | | | | |
2 | LCM | 400 South El Camino | | | | | | | | | No | Alibaba Group | 42,549 | 07/31/23 | | ZS Associates | 28,885 | 04/30/22 | |
3 | JPMCB | Liberty Station Retail | | | 1,638,520 | | | | | | No | VONS Companies | 51,839 | 10/31/27 | | Stone Brewing Co. | 22,514 | 08/31/27 | |
4 | LCM | Bedford Square | 64,944 | | 176,004 | | | | | | No | Anthropologie | 40,758 | 08/31/32 | | Williams-Sonoma | 7,424 | 01/31/29 | |
5 | LCM | Saint Louis Galleria | 236,181 | | 1,889,448 | | | | | | No | Galleria 6 Cinemas | 19,624 | 08/31/23 | | H&M | 12,913 | 01/31/21 | |
6 | LCM | Grand Hyatt Seattle | | | | | | | | | No | | | | | | | | |
7 | LCM | Fleet Farm Distribution Center | | | | | | | | | Yes | Fleet Farm | 1,126,368 | 02/28/38 | | | | | |
8 | LCM | Peachtree Corners Marketplace | | | 364,137 | | | | | | No | LA Fitness | 37,000 | 10/31/33 | | NCG Cinemas | 30,009 | 01/31/31 | |
9 | LCM | Pier 54 Seattle | | | 200,000 | | | | | | No | Acres of Clams | 21,747 | 05/31/46 | | Ivar's, Inc. | 8,235 | 05/31/27 | |
10 | LCM | CBBC Industrial Portfolio | 190,330 | | 666,156 | | | | | | Yes | | | | | | | | |
10.01 | LCM | CBBC - Dallas, TX | | | | | | | | | Yes | Colorado Boxed Beef Company | 284,550 | 10/31/38 | | | | | |
10.02 | LCM | CBBC - Winter Haven, FL | | | | | | | | | Yes | Colorado Boxed Beef Company | 330,000 | 10/31/38 | | | | | |
10.03 | LCM | CBBC - Lakeland, FL | | | | | | | | | Yes | Colorado Boxed Beef Company | 232,127 | 10/31/38 | | | | | |
10.04 | LCM | CBBC - Houston, TX | | | | | | | | | Yes | Colorado Boxed Beef Company | 104,974 | 10/31/38 | | | | | |
11 | LCM | Arbors at the Park Ole Miss | | | | | | | | | No | | | | | | | | |
12 | LCM | Inland Empire Office Portfolio I | 400,000 | | 2,000,000 | | | | | | Various | | | | | | | | |
12.01 | LCM | Lakeside Tower | | | | | | | | | No | Lewis Brisbois Bisgaard & Smith LLP | 29,725 | 08/31/23 | | CalPERS | 13,851 | 11/30/20 | |
12.02 | LCM | One Hospitality | | | | | | | | | Yes | County of San Bernardino | 31,860 | 01/15/28 | | | | | |
13 | LCM | 221 S Franklin | | | | | | | | | No | Pioneer | 256,000 | 08/31/24 | | Hoosier Freight & Warehousing | 166,688 | 07/31/22 | |
14 | LCM | Sorento Flats | | | | | | | | | No | | | | | | | | |
15 | LCM | LA Fitness Van Nuys | | | | | | | | | Yes | LA Fitness | 53,200 | 01/31/33 | | | | | |
16 | LCM | 2581 Junction | | | | | | | | | Yes | Thin Film Electronics, Inc. | 92,864 | 10/05/28 | | | | | |
17 | LCM | Inland Empire Office Portfolio II | | | 2,100,000 | | | | | | No | | | | | | | | |
17.01 | LCM | Brier Corporate Center | | | | | | | | | No | San Manuel Band of Mission Indians | 26,929 | 11/30/23 | | Northrop Grumman Systems Corp. | 25,459 | 07/31/24 | |
17.02 | LCM | Three Parkside | | | | | | | | | No | RGN-San Bernardino I, LLC | 15,210 | 07/31/27 | | Dept. of Motor Vehicles | 7,150 | 11/30/24 | |
18 | JPMCB | Sheraton Music City | | | | | | | | | No | | | | | | | | |
19 | LCM | RDM Chicago Portfolio | | | 200,000 | | | | | | No | | | | | | | | |
19.01 | LCM | 1200 North Ashland Avenue | | | | | | | | | No | CVS | 12,405 | 03/26/36 | | GAINSystems | 9,648 | 12/31/20 | |
19.02 | LCM | 2015 West Irving Park Road | | | | | | | | | No | Guaranteed Rate | 6,150 | 09/30/23 | | Swedish Convenant | 5,100 | 10/31/21 | |
19.03 | LCM | 1212 North Wells Street | | | | | | | | | No | My Eye Dr | 2,500 | 03/31/20 | | Spa Dabin | 1,000 | 03/31/24 | |
19.04 | LCM | 230 West Division Street | | | | | | | | | No | Papa John's Pizza | 3,582 | 04/30/22 | | Shred 415 | 2,698 | 05/09/22 | |
20 | LCM | The Strand | 19,000 | | 285,000 | | | | | | No | RSI Insurance Brokers, Inc. | 7,865 | 07/31/22 | | Prosum | 4,194 | 01/31/23 | |
21 | LCM | Medical Office & Walgreens Portfolio | | | | | | | | | Yes | | | | | | | | |
21.01 | LCM | Walgreens Levittown | | | | | | | | | Yes | Walgreens | 14,766 | 01/31/82 | | | | | |
21.02 | LCM | Fresenius Sun Prairie | | | | | | | | | Yes | Fresenius Medical Care Sun Prairie | 7,304 | 12/31/32 | | | | | |
21.03 | LCM | Fresenius Darlington | | | | | | | | | Yes | Fresenius Medical Care Darlington | 8,929 | 02/23/33 | | | | | |
21.04 | LCM | DaVita Memphis | | | | | | | | | Yes | DaVita Dialysis Memphis | 6,308 | 04/18/32 | | | | | |
21.05 | LCM | Fresenius Louisville | | | | | | | | | Yes | Fresenius Medical Care Louisville | 5,212 | 01/19/33 | | | | | |
21.06 | LCM | Fresenius Florence | | | | | | | | | Yes | Fresenius Medical Care Florence | 6,768 | 05/11/33 | | | | | |
22 | LCM | Hampton Inn & Suites Alpharetta | | | | | | | | | No | | | | | | | | |
23 | LCM | Altura Office Building | | | 1,500,000 | | | | | | No | Lovelace Health Systems | 37,365 | 09/30/26 | | Butt, Thornton & Baehr PC | 30,110 | 12/31/23 | |
24 | LCM | LA Fitness Northridge | 22,200 | | | | | | | | Yes | LA Fitness | 37,000 | 07/31/33 | | | | | |
25 | LCM | 3500 Helms | | | 106,245 | | | | | | Yes | FrameStore Inc. | 21,249 | 03/31/27 | | | | | |
26 | LCM | Vallejo MHC & RV Park | | | | | | | | | No | | | | | | | | |
27 | LCM | Hickory View Apartments | | | | | | | | | No | | | | | | | | |
28 | JPMCB | 1501 Experiment Farm Road | | | 725,632 | | | | | | Yes | Avenue Stores | 362,816 | 12/31/34 | | | | | |
29 | JPMCB | Carlsbad | | | 310,130 | | | | | | No | HERE North America | 13,472 | 09/30/21 | | Sonic Boom Wellness | 8,832 | 05/31/20 | |
30 | LCM | Estrella Healthcare Campus | | | | | | | | | Yes | SMI Imaging, LLC | 39,690 | 06/30/33 | | | | | |
31 | JPMCB | North Oak Marketplace | | | 425,579 | | | | | | No | Price Chopper | 70,335 | 12/31/24 | | Goodwill | 35,484 | 08/31/23 | |
32 | LCM | Fresenius & DaVita Portfolio | | | | | | | | | Yes | | | | | | | | |
32.01 | LCM | Fresenius Medical Care Aurora | | | | | | | | | Yes | Fresenius Medical Care Aurora | 7,175 | 02/24/33 | | | | | |
32.02 | LCM | Fresenius Medical Care El Paso | | | | | | | | | Yes | Fresenius Medical Care El Paso | 7,961 | 06/07/33 | | | | | |
32.03 | LCM | DaVita Dialysis House Springs | | | | | | | | | Yes | DaVita Dialysis House Springs | 8,099 | 05/31/33 | | | | | |
32.04 | LCM | DaVita Dialysis St. Joseph | | | | | | | | | Yes | DaVita Dialysis St. Joseph | 9,935 | 05/31/32 | | | | | |
33 | JPMCB | Tru by Hilton McDonough | 284,502 | | | | | | | | No | | | | | | | | |
34 | LCM | Northshore Plaza | | | 400,000 | | | | | | No | Bealls | 32,032 | 01/31/27 | | Dollar Tree | 8,640 | 07/31/20 | |
35 | JPMCB | DPBI Portfolio | | | | | | | | | Yes | | | | | | | | |
35.01 | JPMCB | National Tire & Battery | | | | | | | | | Yes | National Tire & Battery | 7,964 | 05/31/31 | | | | | |
35.02 | JPMCB | Applebee's - Tifton | | | | | | | | | Yes | Applebee's | 5,200 | 02/28/38 | | | | | |
35.03 | JPMCB | Applebee's - Calhoun | | | | | | | | | Yes | Applebee's | 5,114 | 02/28/38 | | | | | |
36 | LCM | Wilton Walk Townhomes | | | | | | | | | No | | | | | | | | |
37 | LCM | Colony Square Outparcels | | | 88,000 | | | | | | No | National Tire & Battery | 7,000 | 12/31/24 | | Longhorn Steakhouse | 6,500 | 11/30/22 | |
38 | JPMCB | Liberty Commons | | | 86,958 | | | | | | No | Jose Pepper | 5,452 | 08/31/28 | | Hand & Stone Massage | 3,144 | 05/31/23 | |
| | | | | | | | | | | | | | | | | |
| | | 3rd LARGEST TENANT | | 4th LARGEST TENANT(25)(26) | | 5th LARGEST TENANT | | | | |
| | | | | | | | | | | | | | | | | |
| | | | | Lease | | | | Lease | | | | Lease | | Loan | | Lockbox |
Loan # | Seller(1) | Property Name | 3rd Largest Tenant | Unit Size | Expiration | | 4th Largest Tenant | Unit Size | Expiration | | 5th Largest Tenant | Unit Size | Expiration | | Purpose | Principal / Carveout Guarantor(27) | (Y/N) |
1 | LCM | Renaissance Seattle | | | | | | | | | | | | | Refinance | Hedreen Holdings LLC | Yes |
2 | LCM | 400 South El Camino | Barulich Dugoni Law Group | 10,347 | 09/30/19 | | UBS | 7,833 | 03/31/24 | | Sanderling Mgmt. Co, LLC | 6,641 | 09/30/20 | | Refinance | A.J. Batt | Yes |
3 | JPMCB | Liberty Station Retail | Liberty Public Market | 21,929 | 01/31/26 | | 828 Events | 14,896 | 05/31/29 | | Trader Joe's | 14,843 | 03/31/22 | | Acquisition | Seligman & Associates, Inc., Pendulum Property Partners, LLC | Yes |
4 | LCM | Bedford Square | HSBC | 3,230 | 02/29/28 | | Higgins Group | 2,900 | 05/31/24 | | Charter Realty & Dev. | 2,714 | 07/31/22 | | Refinance | B. Lance Sauerteig, David Waldman, Paul S. Brandes, Dan Zelson | Yes |
5 | LCM | Saint Louis Galleria | Victoria's Secret | 12,892 | 01/31/26 | | Urban Outfitters | 12,623 | 01/31/21 | | Forever 21 | 11,798 | 01/31/20 | | Refinance | BPR OP, LP (F/K/A GGP Operating Partnership, LP) | Yes |
6 | LCM | Grand Hyatt Seattle | | | | | | | | | | | | | Refinance | Hedreen Holdings LLC | Yes |
7 | LCM | Fleet Farm Distribution Center | | | | | | | | | | | | | Recapitalization | iStar Net Lease I LLC | Yes |
8 | LCM | Peachtree Corners Marketplace | Aldi | 17,374 | 02/28/32 | | Buffalo Wild Wings | 5,540 | 05/31/27 | | County Tag Office | 4,000 | 03/31/19 | | Refinance | Jacob Khotoveli | Yes |
9 | LCM | Pier 54 Seattle | Pier 54 Kidd Valley Restaurant | 3,512 | 05/31/37 | | Ye Olde Curiosity Shop, Inc. | 3,462 | 11/30/25 | | Pier 54 Fish Bar | 2,512 | 05/31/46 | | Recapitalization | A. F. Gilmore Company | Yes |
10 | LCM | CBBC Industrial Portfolio | | | | | | | | | | | | | Acquisition | New Mountain Net Lease Corporation, New Mountain Net Lease Partners Corporation | Yes |
10.01 | LCM | CBBC - Dallas, TX | | | | | | | | | | | | | | | |
10.02 | LCM | CBBC - Winter Haven, FL | | | | | | | | | | | | | | | |
10.03 | LCM | CBBC - Lakeland, FL | | | | | | | | | | | | | | | |
10.04 | LCM | CBBC - Houston, TX | | | | | | | | | | | | | | | |
11 | LCM | Arbors at the Park Ole Miss | | | | | | | | | | | | | Refinance | Trinity Business Group, L.L.C., Sidney G. Brian | Yes |
12 | LCM | Inland Empire Office Portfolio I | | | | | | | | | | | | | Acquisition | Jeff Pori | Yes |
12.01 | LCM | Lakeside Tower | Copier Source, Inc. | 12,246 | 01/31/21 | | Health Net of California, Inc | 9,500 | 12/31/21 | | WFG Title | 7,014 | 02/28/22 | | | | |
12.02 | LCM | One Hospitality | | | | | | | | | | | | | | | |
13 | LCM | 221 S Franklin | Balsam Brands | 128,000 | 06/30/23 | | Dimplex North America Limited | 128,000 | 12/31/20 | | Horner Industrial Services, Inc | 90,400 | 02/28/21 | | Acquisition | John R. Saunders | Yes |
14 | LCM | Sorento Flats | | | | | | | | | | | | | Refinance | Bogdan Maksimchuk, Nadezhda Maksimchuk | Yes |
15 | LCM | LA Fitness Van Nuys | | | | | | | | | | | | | Refinance | Fahmy Mushmel | Yes |
16 | LCM | 2581 Junction | | | | | | | | | | | | | Acquisition | Qingguo Liu, Kefei Wang | Yes |
17 | LCM | Inland Empire Office Portfolio II | | | | | | | | | | | | | Acquisition | Jeff Pori | Yes |
17.01 | LCM | Brier Corporate Center | Engility Corp | 14,058 | 07/31/22 | | WSP USA, Inc. | 13,120 | 12/31/22 | | Barrett Business Services, Inc. | 12,629 | 03/31/24 | | | | |
17.02 | LCM | Three Parkside | Dr. Satpal S. Multani | 1,616 | 09/30/23 | | | | | | | | | | | | |
18 | JPMCB | Sheraton Music City | | | | | | | | | | | | | Refinance | National Hotel Investors, LLC | Yes |
19 | LCM | RDM Chicago Portfolio | | | | | | | | | | | | | Refinance | Robert Mosky, Wojciech Kocemba | Yes |
19.01 | LCM | 1200 North Ashland Avenue | d'Escoto | 9,481 | 08/31/23 | | Division Cyropractic | 3,780 | 07/30/19 | | KOMO Asset Management | 3,572 | 12/31/20 | | | | |
19.02 | LCM | 2015 West Irving Park Road | Chicago Title Insurance | 4,553 | 05/04/20 | | Affinity Dental LLC | 2,745 | 09/30/22 | | Jackson Voice Lab | 600 | 09/30/20 | | | | |
19.03 | LCM | 1212 North Wells Street | Best Price Cleaners | 873 | 12/31/23 | | | | | | | | | | | | |
19.04 | LCM | 230 West Division Street | | | | | | | | | | | | | | | |
20 | LCM | The Strand | BN Builders, Inc. | 3,945 | 10/31/22 | | Beaumont Juice, Inc. | 3,609 | 03/31/23 | | Planet DDS, LLC | 3,438 | 02/29/24 | | Refinance | Xiyu Li | Yes |
21 | LCM | Medical Office & Walgreens Portfolio | | | | | | | | | | | | | Acquisition | Jeff Pori | Yes |
21.01 | LCM | Walgreens Levittown | | | | | | | | | | | | | | | |
21.02 | LCM | Fresenius Sun Prairie | | | | | | | | | | | | | | | |
21.03 | LCM | Fresenius Darlington | | | | | | | | | | | | | | | |
21.04 | LCM | DaVita Memphis | | | | | | | | | | | | | | | |
21.05 | LCM | Fresenius Louisville | | | | | | | | | | | | | | | |
21.06 | LCM | Fresenius Florence | | | | | | | | | | | | | | | |
22 | LCM | Hampton Inn & Suites Alpharetta | | | | | | | | | | | | | Acquisition | Nitesh Patel, Nimesh Patel | Yes |
23 | LCM | Altura Office Building | Indian Health Services | 25,358 | 08/17/36 | | Burt & Co. | 5,919 | 12/31/20 | | Gallagher, Casados, & Mann | 4,738 | 01/31/20 | | Acquisition | Jeff Pori | Yes |
24 | LCM | LA Fitness Northridge | | | | | | | | | | | | | Acquisition | Fahmy Mushmel | Yes |
25 | LCM | 3500 Helms | | | | | | | | | | | | | Refinance | James M. Jacobsen | Yes |
26 | LCM | Vallejo MHC & RV Park | | | | | | | | | | | | | Refinance | John Alexander McDougall, III, Elias Weiner | Yes |
27 | LCM | Hickory View Apartments | | | | | | | | | | | | | Acquisition | Douglas P. Foppe, Richard K. Stetzer, Dean Maltz, Gary Maltz | Yes |
28 | JPMCB | 1501 Experiment Farm Road | | | | | | | | | | | | | Acquisition | Michael Rosenberg | Yes |
29 | JPMCB | Carlsbad | Direct Avenue | 5,264 | 12/31/23 | | Stearns, Conrad and Schmidt | 5,224 | 12/31/22 | | SaaSplaza | 4,960 | 11/30/22 | | Acquisition | Stephen M. Zotovich | Yes |
30 | LCM | Estrella Healthcare Campus | | | | | | | | | | | | | Acquisition | Christopher J. Cumella | Yes |
31 | JPMCB | North Oak Marketplace | Big Lots | 32,970 | 01/31/22 | | Phone Medic, LLC | 1,800 | 04/30/21 | | Kinetic Cuts, LLC | 1,576 | 01/31/21 | | Refinance | Alan C. Fox | Yes |
32 | LCM | Fresenius & DaVita Portfolio | | | | | | | | | | | | | Acquisition | Jeff Pori | Yes |
32.01 | LCM | Fresenius Medical Care Aurora | | | | | | | | | | | | | | | |
32.02 | LCM | Fresenius Medical Care El Paso | | | | | | | | | | | | | | | |
32.03 | LCM | DaVita Dialysis House Springs | | | | | | | | | | | | | | | |
32.04 | LCM | DaVita Dialysis St. Joseph | | | | | | | | | | | | | | | |
33 | JPMCB | Tru by Hilton McDonough | | | | | | | | | | | | | Refinance | Pieush Patel, Bhavesh Patel | Yes |
34 | LCM | Northshore Plaza | Rent-A-Center | 4,800 | 10/31/21 | | Portland Chamber of Commerce | 4,480 | 05/31/26 | | Hu-Dat Oriental Food | 3,000 | 09/30/20 | | Acquisition | James L. Boller IV, James L. Boller III | Yes |
35 | JPMCB | DPBI Portfolio | | | | | | | | | | | | | Refinance | DePasquale Bros., Inc. | Yes |
35.01 | JPMCB | National Tire & Battery | | | | | | | | | | | | | | | |
35.02 | JPMCB | Applebee's - Tifton | | | | | | | | | | | | | | | |
35.03 | JPMCB | Applebee's - Calhoun | | | | | �� | | | | | | | | | | |
36 | LCM | Wilton Walk Townhomes | | | | | | | | | | | | | Refinance | Domenick Tonacchio | Yes |
37 | LCM | Colony Square Outparcels | Roosters Restaurant | 5,612 | 09/30/24 | | Noodles & Company | 2,500 | 01/31/27 | | Chipotle | 2,400 | 09/28/21 | | Recapitalization | Francis Greenburger | Yes |
38 | JPMCB | Liberty Commons | Louie's Wine Dive | 3,077 | 01/31/28 | | Sweet Charlie's | 1,540 | 07/31/28 | | Meshuggah Bagels | 1,280 | 12/31/21 | | Acquisition | Makhan Singh, Kulwant Kaur | Yes |
| | | | | | | | | | | | | | | | |
| | | | | Pari Passu Debt | | Additional Debt | |
| | | | | | Pari Passu | Pari Passu | Pari Passu | Total Cut-off | | | | | Additional | | |
| | | Lockbox | Cash | Pari Passu | Note Control | Piece In Trust | Piece Non Trust | Date Pari | | Addit Debt | Addit Debt | Additional | Debt Cut off | Additional Debt | |
Loan # | Seller(1) | Property Name | Type(28) | Management(28) | (Y/N) | (Y/N)(29) | Cut-Off Balance | Cut-Off Balance | Passu Debt | | Permitted (Y/N)(30) | Exist (Y/N)(30) | Debt Type(s) | Date Balance | Interest Rate | |
1 | LCM | Renaissance Seattle | Hard | Springing | Yes | No | 77,000,000 | 50,000,000 | 127,000,000 | | No | No | NAP | NAP | NAP | |
2 | LCM | 400 South El Camino | Soft | Springing | No | NAP | NAP | NAP | NAP | | No | No | NAP | NAP | NAP | |
3 | JPMCB | Liberty Station Retail | Hard | Springing | Yes | Yes | 67,000,000 | 50,000,000 | 117,000,000 | | No | No | NAP | NAP | NAP | |
4 | LCM | Bedford Square | Hard | Springing | No | NAP | NAP | NAP | NAP | | No | Yes | Mezzanine Loan | 20,000,000 | 7.50000 | |
5 | LCM | Saint Louis Galleria | Hard | Springing | Yes | No | 46,479,245 | 193,520,755 | 240,000,000 | | No | Yes | Mezzanine Loan | 24,136,252 | 6.25000 | |
6 | LCM | Grand Hyatt Seattle | Hard | Springing | Yes | No | 33,000,000 | 100,000,000 | 133,000,000 | | No | No | NAP | NAP | NAP | |
7 | LCM | Fleet Farm Distribution Center | Hard | In Place | No | NAP | NAP | NAP | NAP | | No | No | NAP | NAP | NAP | |
8 | LCM | Peachtree Corners Marketplace | Soft | Springing | No | NAP | NAP | NAP | NAP | | No | Yes | Mezzanine Loan | 2,900,000 | 7.50000 | |
9 | LCM | Pier 54 Seattle | Soft | Springing | No | NAP | NAP | NAP | NAP | | No | No | NAP | NAP | NAP | |
10 | LCM | CBBC Industrial Portfolio | Hard | Springing | Yes | No | 20,000,000 | 33,030,000 | 53,030,000 | | No | No | NAP | NAP | NAP | |
10.01 | LCM | CBBC - Dallas, TX | | | | | | | | | | | | | | |
10.02 | LCM | CBBC - Winter Haven, FL | | | | | | | | | | | | | | |
10.03 | LCM | CBBC - Lakeland, FL | | | | | | | | | | | | | | |
10.04 | LCM | CBBC - Houston, TX | | | | | | | | | | | | | | |
11 | LCM | Arbors at the Park Ole Miss | Hard | Springing | No | NAP | NAP | NAP | NAP | | No | Yes | Mezzanine Loan | 4,050,000 | 7.53000 | |
12 | LCM | Inland Empire Office Portfolio I | Hard | Springing | No | NAP | NAP | NAP | NAP | | No | No | NAP | NAP | NAP | |
12.01 | LCM | Lakeside Tower | | | | | | | | | | | | | | |
12.02 | LCM | One Hospitality | | | | | | | | | | | | | | |
13 | LCM | 221 S Franklin | Hard | Springing | No | NAP | NAP | NAP | NAP | | No | No | NAP | NAP | NAP | |
14 | LCM | Sorento Flats | Springing | Springing | No | NAP | NAP | NAP | NAP | | Yes | No | Permitted Mezzanine | NAP | NAP | |
15 | LCM | LA Fitness Van Nuys | Hard | Springing | No | NAP | NAP | NAP | NAP | | No | No | NAP | NAP | NAP | |
16 | LCM | 2581 Junction | Hard | Springing | No | NAP | NAP | NAP | NAP | | No | No | NAP | NAP | NAP | |
17 | LCM | Inland Empire Office Portfolio II | Hard | Springing | No | NAP | NAP | NAP | NAP | | No | No | NAP | NAP | NAP | |
17.01 | LCM | Brier Corporate Center | | | | | | | | | | | | | | |
17.02 | LCM | Three Parkside | | | | | | | | | | | | | | |
18 | JPMCB | Sheraton Music City | Hard | Springing | Yes | No | 14,862,461 | 54,495,690 | 69,358,151 | | No | No | NAP | NAP | NAP | |
19 | LCM | RDM Chicago Portfolio | Hard | Springing | No | NAP | NAP | NAP | NAP | | No | No | NAP | NAP | NAP | |
19.01 | LCM | 1200 North Ashland Avenue | | | | | | | | | | | | | | |
19.02 | LCM | 2015 West Irving Park Road | | | | | | | | | | | | | | |
19.03 | LCM | 1212 North Wells Street | | | | | | | | | | | | | | |
19.04 | LCM | 230 West Division Street | | | | | | | | | | | | | | |
20 | LCM | The Strand | Hard | Springing | No | NAP | NAP | NAP | NAP | | No | No | NAP | NAP | NAP | |
21 | LCM | Medical Office & Walgreens Portfolio | Hard | Springing | No | NAP | NAP | NAP | NAP | | No | No | NAP | NAP | NAP | |
21.01 | LCM | Walgreens Levittown | | | | | | | | | | | | | | |
21.02 | LCM | Fresenius Sun Prairie | | | | | | | | | | | | | | |
21.03 | LCM | Fresenius Darlington | | | | | | | | | | | | | | |
21.04 | LCM | DaVita Memphis | | | | | | | | | | | | | | |
21.05 | LCM | Fresenius Louisville | | | | | | | | | | | | | | |
21.06 | LCM | Fresenius Florence | | | | | | | | | | | | | | |
22 | LCM | Hampton Inn & Suites Alpharetta | Springing | Springing | No | NAP | NAP | NAP | NAP | | No | No | NAP | NAP | NAP | |
23 | LCM | Altura Office Building | Hard | Springing | No | NAP | NAP | NAP | NAP | | No | No | NAP | NAP | NAP | |
24 | LCM | LA Fitness Northridge | Hard | Springing | No | NAP | NAP | NAP | NAP | | No | No | NAP | NAP | NAP | |
25 | LCM | 3500 Helms | Hard | Springing | No | NAP | NAP | NAP | NAP | | No | No | NAP | NAP | NAP | |
26 | LCM | Vallejo MHC & RV Park | Hard | Springing | No | NAP | NAP | NAP | NAP | | No | No | NAP | NAP | NAP | |
27 | LCM | Hickory View Apartments | Hard | Springing | No | NAP | NAP | NAP | NAP | | No | No | NAP | NAP | NAP | |
28 | JPMCB | 1501 Experiment Farm Road | Springing | Springing | No | NAP | NAP | NAP | NAP | | No | No | NAP | NAP | NAP | |
29 | JPMCB | Carlsbad | Springing | Springing | No | NAP | NAP | NAP | NAP | | No | No | NAP | NAP | NAP | |
30 | LCM | Estrella Healthcare Campus | Hard | Springing | No | NAP | NAP | NAP | NAP | | No | No | NAP | NAP | NAP | |
31 | JPMCB | North Oak Marketplace | Hard | Springing | No | NAP | NAP | NAP | NAP | | No | No | NAP | NAP | NAP | |
32 | LCM | Fresenius & DaVita Portfolio | Hard | Springing | No | NAP | NAP | NAP | NAP | | No | No | NAP | NAP | NAP | |
32.01 | LCM | Fresenius Medical Care Aurora | | | | | | | | | | | | | | |
32.02 | LCM | Fresenius Medical Care El Paso | | | | | | | | | | | | | | |
32.03 | LCM | DaVita Dialysis House Springs | | | | | | | | | | | | | | |
32.04 | LCM | DaVita Dialysis St. Joseph | | | | | | | | | | | | | | |
33 | JPMCB | Tru by Hilton McDonough | Springing | Springing | No | NAP | NAP | NAP | NAP | | No | No | NAP | NAP | NAP | |
34 | LCM | Northshore Plaza | Hard | Springing | No | NAP | NAP | NAP | NAP | | No | No | NAP | NAP | NAP | |
35 | JPMCB | DPBI Portfolio | Hard | Springing | No | NAP | NAP | NAP | NAP | | No | No | NAP | NAP | NAP | |
35.01 | JPMCB | National Tire & Battery | | | | | | | | | | | | | | |
35.02 | JPMCB | Applebee's - Tifton | | | | | | | | | | | | | | |
35.03 | JPMCB | Applebee's - Calhoun | | | | | | | | | | | | | | |
36 | LCM | Wilton Walk Townhomes | Soft | Springing | No | NAP | NAP | NAP | NAP | | No | No | NAP | NAP | NAP | |
37 | LCM | Colony Square Outparcels | Springing | Springing | No | NAP | NAP | NAP | NAP | | No | No | NAP | NAP | NAP | |
38 | JPMCB | Liberty Commons | Springing | Springing | No | NAP | NAP | NAP | NAP | | No | No | NAP | NAP | NAP | |
| | | | | | | | | | | | | | | | | | | | | | | |
| | | Total Debt | | HOTEL OPERATING STATISTICS | |
| | | | Total Debt | | Total Debt | | | | | | | | | | | | | | | | | |
| | | Total Debt | UW NCF | Total Debt | UW NOI | | 2015 | 2015 | 2015 | 2016 | 2016 | 2016 | 2017 | 2017 | 2017 | Most Recent | Most Recent | Most Recent | UW | UW | UW | |
Loan # | Seller(1) | Property Name | Cut-off Balance | DSCR | Current LTV % | Debt Yield % | | Occupancy % | ADR ($) | RevPAR ($) | Occupancy % | ADR ($) | RevPAR ($) | Occupancy % | ADR ($) | RevPAR ($) | Occupancy % | ADR ($) | RevPAR ($) | Occupancy % | ADR ($) | RevPAR ($) | Loan # |
1 | LCM | Renaissance Seattle | 127,000,000 | 2.22 | 55.3% | 12.6% | | 82.2% | 190.32 | 156.52 | 84.0% | 195.78 | 164.42 | 84.0% | 203.92 | 171.25 | 81.6% | 208.70 | 170.36 | 81.6% | 208.70 | 170.36 | 1 |
2 | LCM | 400 South El Camino | NAP | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 2 |
3 | JPMCB | Liberty Station Retail | 117,000,000 | 1.45 | 68.8% | 8.0% | | | | | | | | | | | | | | | | | 3 |
4 | LCM | Bedford Square | 68,000,000 | 1.01 | 64.8% | 6.4% | | | | | | | | | | | | | | | | | 4 |
5 | LCM | Saint Louis Galleria | 264,136,252 | 1.55 | 56.7% | 10.3% | | | | | | | | | | | | | | | | | 5 |
6 | LCM | Grand Hyatt Seattle | 133,000,000 | 2.21 | 54.9% | 12.3% | | 86.3% | 224.53 | 193.81 | 85.3% | 236.60 | 201.86 | 87.4% | 244.92 | 214.11 | 86.6% | 249.94 | 216.52 | 86.4% | 249.94 | 216.00 | 6 |
7 | LCM | Fleet Farm Distribution Center | NAP | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 7 |
8 | LCM | Peachtree Corners Marketplace | 27,500,000 | 1.20 | 68.8% | 8.5% | | | | | | | | | | | | | | | | | 8 |
9 | LCM | Pier 54 Seattle | NAP | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 9 |
10 | LCM | CBBC Industrial Portfolio | 53,030,000 | 1.77 | 61.7% | 10.4% | | | | | | | | | | | | | | | | | 10 |
10.01 | LCM | CBBC - Dallas, TX | | 1.77 | 61.7% | 10.4% | | | | | | | | | | | | | | | | | 10.01 |
10.02 | LCM | CBBC - Winter Haven, FL | | 1.77 | 61.7% | 10.4% | | | | | | | | | | | | | | | | | 10.02 |
10.03 | LCM | CBBC - Lakeland, FL | | 1.77 | 61.7% | 10.4% | | | | | | | | | | | | | | | | | 10.03 |
10.04 | LCM | CBBC - Houston, TX | | 1.77 | 61.7% | 10.4% | | | | | | | | | | | | | | | | | 10.04 |
11 | LCM | Arbors at the Park Ole Miss | 24,000,000 | 1.12 | 67.2% | 7.9% | | | | | | | | | | | | | | | | | 11 |
12 | LCM | Inland Empire Office Portfolio I | NAP | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 12 |
12.01 | LCM | Lakeside Tower | | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 12.01 |
12.02 | LCM | One Hospitality | | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 12.02 |
13 | LCM | 221 S Franklin | NAP | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 13 |
14 | LCM | Sorento Flats | NAP | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 14 |
15 | LCM | LA Fitness Van Nuys | NAP | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 15 |
16 | LCM | 2581 Junction | NAP | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 16 |
17 | LCM | Inland Empire Office Portfolio II | NAP | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 17 |
17.01 | LCM | Brier Corporate Center | | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 17.01 |
17.02 | LCM | Three Parkside | | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 17.02 |
18 | JPMCB | Sheraton Music City | 69,358,151 | 1.82 | 60.3% | 11.8% | | 82.2% | 127.96 | 105.15 | 86.0% | 139.59 | 120.10 | 69.5% | 149.81 | 104.17 | 76.7% | 153.02 | 117.42 | 80.0% | 150.00 | 120.00 | 18 |
19 | LCM | RDM Chicago Portfolio | NAP | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 19 |
19.01 | LCM | 1200 North Ashland Avenue | | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 19.01 |
19.02 | LCM | 2015 West Irving Park Road | | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 19.02 |
19.03 | LCM | 1212 North Wells Street | | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 19.03 |
19.04 | LCM | 230 West Division Street | | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 19.04 |
20 | LCM | The Strand | NAP | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 20 |
21 | LCM | Medical Office & Walgreens Portfolio | NAP | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 21 |
21.01 | LCM | Walgreens Levittown | | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 21.01 |
21.02 | LCM | Fresenius Sun Prairie | | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 21.02 |
21.03 | LCM | Fresenius Darlington | | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 21.03 |
21.04 | LCM | DaVita Memphis | | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 21.04 |
21.05 | LCM | Fresenius Louisville | | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 21.05 |
21.06 | LCM | Fresenius Florence | | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 21.06 |
22 | LCM | Hampton Inn & Suites Alpharetta | NAP | NAP | NAP | NAP | | 80.3% | 112.32 | 90.20 | 78.5% | 126.64 | 99.46 | 82.2% | 126.74 | 104.17 | 84.4% | 122.76 | 103.58 | 84.4% | 122.76 | 103.58 | 22 |
23 | LCM | Altura Office Building | NAP | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 23 |
24 | LCM | LA Fitness Northridge | NAP | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 24 |
25 | LCM | 3500 Helms | NAP | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 25 |
26 | LCM | Vallejo MHC & RV Park | NAP | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 26 |
27 | LCM | Hickory View Apartments | NAP | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 27 |
28 | JPMCB | 1501 Experiment Farm Road | NAP | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 28 |
29 | JPMCB | Carlsbad | NAP | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 29 |
30 | LCM | Estrella Healthcare Campus | NAP | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 30 |
31 | JPMCB | North Oak Marketplace | NAP | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 31 |
32 | LCM | Fresenius & DaVita Portfolio | NAP | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 32 |
32.01 | LCM | Fresenius Medical Care Aurora | | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 32.01 |
32.02 | LCM | Fresenius Medical Care El Paso | | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 32.02 |
32.03 | LCM | DaVita Dialysis House Springs | | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 32.03 |
32.04 | LCM | DaVita Dialysis St. Joseph | | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 32.04 |
33 | JPMCB | Tru by Hilton McDonough | NAP | NAP | NAP | NAP | | | | | | | | | | | 70.5% | 100.16 | 70.58 | 70.5% | 100.16 | 70.58 | 33 |
34 | LCM | Northshore Plaza | NAP | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 34 |
35 | JPMCB | DPBI Portfolio | NAP | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 35 |
35.01 | JPMCB | National Tire & Battery | | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 35.01 |
35.02 | JPMCB | Applebee's - Tifton | | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 35.02 |
35.03 | JPMCB | Applebee's - Calhoun | | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 35.03 |
36 | LCM | Wilton Walk Townhomes | NAP | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 36 |
37 | LCM | Colony Square Outparcels | NAP | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 37 |
38 | JPMCB | Liberty Commons | NAP | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 38 |
Footnotes to Annex A-1 |
(1) | “JPMCB” denotes JPMorgan Chase Bank, National Association, as Mortgage Loan Seller; and “LCM” denotes LoanCore Capital Markets LLC or one of its affiliates, as Mortgage Loan Seller.
With respect to Loan No. 5, Saint Louis Galleria, the whole loan was co-originated by, Deutsche Bank AG, acting through its New York Branch (“DBNY”) and Société Générale, Financial Corporation. LCM will contribute three promissory notes with a Cut-off Date Balance of $46,479,245.
With respect to Loan No. 5, Saint Louis Galleria, Loan No. 10, CBBC Industrial Portfolio, Loan No. 14, Sorento Flats, Loan No. 22, Hampton Inn & Suites Alpharetta, Loan No. 25, 3500 Helms, and Loan No. 37, Colony Square Outparcels, the loans were originated or co-originated by DBNY or its affiliate, German American Capital Corporation, and will be acquired by LCM. |
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(2) | With respect to Loan No. 3, Liberty Station Retail, the mortgaged property is a mixed use building containing retail and office spaces. The office spaces constitute approximately 12.8% of the mortgaged property.
With respect to Loan No. 4, Bedford Square, the mortgaged property is a mixed use building containing 78,221 square feet of retail space and 29,722 square feet attributable to 24 multifamily units.
With respect to Loan No. 9, Pier 54 Seattle, the mortgaged property is a mixed use property consisting of 43,808 square feet of first floor retail, restaurant and office space as well as 21,941 square feet of second floor, creative office space.
With respect to Loan No. 19, RDM Chicago Portfolio, the 1200 North Ashland Avenue mortgaged property is a mixed use building containing 12,405 square feet of retail space and 40,830 of office space. The 2015 West Irving Park Road mortgaged property is a mixed use property containing 7,845 square feet of retail and medical office space and 11,303 square feet of office space. |
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(3) | Certain of the mortgage loans include parcels ground leased to tenants in the calculation of the total square footage and the occupancy of the mortgaged property.
With respect to Loan No. 5, Saint Louis Galleria, the borrower has the right, at its own expense, to acquire one or more parcels, which may be subject to a ground lease, to become additional collateral for the loan whereupon, after amending the mortgage, such parcel will constitute a portion of the Saint Louis Galleria mortgaged property. Such expansion is permitted if, among other requirements and conditions, such expansion does not adversely affect the DSCR with respect to the loan (except in a de minimis manner, as determined by lender). |
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(4) | In certain cases, mortgaged properties may have tenants that have executed leases that were included in the underwriting but have not yet commenced paying rent and/or are not in occupancy. UW Revenues ($), UW NOI ($) and UW NCF ($) are generally calculated by the Mortgage Loan Seller in accordance with its underwriting guidelines. UW NOI ($) and UW NCF ($) may include contractual or market rent escalations and, in the case of certain tenants, may be based on the average rent paid by the tenant through either the term of the related lease or the mortgage loan. Please see “Description of the Mortgage Pool—Certain Calculations and Definitions” for additional information.
With respect to Loan No. 5, Saint Louis Galleria, Occupancy % includes five temporary tenants that collectively occupy 5,449 square feet (1.2% of net rentable area (“NRA”)), as well as two tenants that have signed leases and have yet to take occupancy that account for 2,442 square feet (0.5% of NRA). Occupancy % excludes three tenants vacating in the near term and one dark tenant, which collectively occupy 6,979 square feet (1.5% of NRA). The 2nd Largest Tenant included in Occupancy %, clothing retailer H&M (occupying 12,913 square feet, 2.8% of NRA), announced in January 2019 that it plans to close up to 160 stores in 2019, but has not yet announced the locations that will be closing.
With respect to Loan No. 18, Sheraton Music City, approximately 28.3% of UW Revenues ($) is attributable to the food and beverage outlets at the mortgaged property. |
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(5) | With respect to all mortgage loans, with the exceptions of the mortgage loans listed below, the Current LTV % and the Maturity LTV % are based on the “as-is” Appraisal Value ($) even though, for certain mortgage loans, the appraiser provided “as-stabilized” values based on certain criteria being met.
With respect to Loan No. 22, Hampton Inn & Suites Alpharetta, the Appraised Value ($) represents the “As Complete” value of $18,100,000 for the property, effective October 10, 2019, which assumes the completion of a currently ongoing property improvement plan (“PIP”). At origination of the mortgage loan, the borrower deposited $690,525 into the PIP reserve. The “as-is” appraised value as of October 10, 2018 is $16,500,000 which results in a Current LTV % and Maturity Date LTV % of 71.8% and 60.7%, respectively.
With respect to Loan No. 28, 1501 Experiment Farm Road, the Appraised Value ($) includes the “as-is” value of $550,000 attributed to the portion of the mortgaged property that is yet to be developed (the “Excess Land”) based on the assumption that there will be no atypical cost associated with such split lot and execution of an access easement through such Excess Land. |
| With respect to Loan No. 38, Liberty Commons, the Appraised Value ($) represents the “As Complete” of $5,670,000 for the mortgaged property, which assumed as of October 1, 2018, the date of the appraisal report, that the proposed build-out would be completed in accordance with plans and specifications described in the appraisal report. The proposed build-out was completed before the loan origination date, and the borrower was not required to make any related deposits. The “as-is” appraised value as of July 13, 2018 is $5,140,000 which results in a Current LTV % and Maturity LTV % of 78.7% and 65.4%, respectively. |
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(6) | For mortgage loans secured by multiple mortgaged properties, each mortgage loan’s Original Balance ($), Current Balance ($), and Maturity Balance ($) are allocated to the respective mortgaged property based on the mortgage loan’s documentation, or if no such allocation is provided in the mortgage loan documentation, the mortgage loan seller’s determination of the appropriate allocation. |
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(7) | With respect to Loan Nos. 1, 3, 5, 6, 10 and 18, Renaissance Seattle, Liberty Station Retail, Saint Louis Galleria, Grand Hyatt Seattle, CBBC Industrial Portfolio, and Sheraton Music City, in each case, the mortgage loan is part of a larger split whole loan, which consists of the mortgage loan and one or morepari passuloans. Please see “Description of the Mortgage Pool—The Whole Loans” for additional information. |
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(8) | Each number identifies a group of related borrowers.
With respect to Loan Nos. 3, 27 and 31, Liberty Station Retail, Hickory View Apartments and North Oak Marketplace, in each case, the related borrowers own the mortgaged property as tenants-in-common.
With respect to Loan No. 23, Altura Office Building, the borrower is currently a single purpose entity. The loan documents allow the syndication of tenant-in-common interests. |
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(9) | For each mortgage loan, the excess of the related Interest Rate % over the related Servicing Fee Rate, the Trustee Fee Rate (including the Certificate Administrator Fee Rate), the Operating Advisor Fee Rate, the Asset Representations Reviewer Fee Rate and the CREFC® Intellectual Property Royalty License Fee Rate (collectively, the “Admin Fee %”). |
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(10) | For the mortgage loans that are interest-only for the entire term and accrue interest on an Actual/360 basis, the Monthly Debt Service ($) was calculated as 1/12th of the product of (i) the Original Balance ($), (ii) the Interest Rate % and (iii) 365/360. |
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(11) | With respect to all mortgage loans, except for mortgage loans listed below, Annual Debt Service ($) is calculated by multiplying the Monthly Debt Service ($) by 12.
With respect to Loan No. 5, Saint Louis Galleria, Monthly Debt Service ($) and Annual Debt Service ($) are calculated based on the sum of the first 12 principal and interest payments after the expiration of the interest-only period based on the assumed principal and interest payment schedule set forth in Annex G in the Preliminary Prospectus. Accordingly, Current Balance ($), Maturity Balance ($), Monthly Debt Service ($), UW NOI DSCR, UW NCF DSCR all reflect this payment schedule and a fixed interest rate of 4.99677083333333%.
With respect to Loan No. 8, Peachtree Corners Marketplace, Monthly Debt Service ($) and Annual Debt Service ($) are calculated based on the sum of the first 12 principal and interest payments after the expiration of the interest-only period based on the assumed principal and interest payment schedule set forth in Annex H in the Preliminary Prospectus. Accordingly, Current Balance ($), Maturity Balance ($), Monthly Debt Service ($), UW NOI DSCR, UW NCF DSCR all reflect this payment schedule and a fixed interest rate of 5.21280%.
With respect to Loan No. 11, Arbors at the Park Ole Miss, Monthly Debt Service ($) and Annual Debt Service ($) are calculated based on the sum of the first 12 principal and interest payments after the expiration of the interest-only period based on the assumed principal and interest payment schedule set forth in Annex I in the Preliminary Prospectus. Accordingly, Current Balance ($), Maturity Balance ($), Monthly Debt Service ($), UW NOI DSCR, UW NCF DSCR all reflect this payment schedule and a fixed interest rate of 5.29000%. |
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(12) | In some instances in which the loan documents provide grace periods with respect to payments, such grace periods may be permitted a limited number of times per any 12-month periods.
With respect to Loan No. 5, Saint Louis Galleria, the borrower is permitted a grace period of one business day for monthly debt service payments, which grace period may be utilized once in every 12-month period.
With respect to Loan No. 18, Sheraton Music City, the loan documents permit a two business day grace period for any monthly debt service payments (other than any payment due on the maturity date) no more than once per 12 month period to cure such event of default. |
(13) | The “L” component of the prepayment provision represents lockout payments. The “Def” component of the prepayment provision represents defeasance payments. The “YM” component of the prepayment provision represents yield maintenance payments. The “O” Component of the prepayment provision represents the free payments including the Maturity Date.
In the case of certain mortgage loans, the loan documents permit the related borrower to prepay a portion of the mortgage loan in connection with partial releases of collateral, to cure a cash sweep period triggered by certain events or circumstances or to meet certain financial metrics contained in the related loan documents.
With respect to Loan No. 3, Liberty Station Retail, the borrowers have the option to (i) prepay the full $117.0 million Liberty Station Retail Whole Loan after January 1, 2021, with payment of a yield maintenance premium or (ii) defease the full $117.0 million Liberty Station Retail Whole Loan at any time after the date that is 24 months after the closing date of the securitization that includes the last note to be securitized.
With respect to Loan No. 5, Saint Louis Galleria, the lockout period will be at least 27 payment dates beginning with and including the first payment date of December 1, 2018. Defeasance of the full $240.0 million Saint Louis Galleria Whole Loan is permitted after the date that is the earlier to occur of (i) November 1, 2021 or (ii) the date that is two years from the closing date of the securitization that includes the last note to be securitized. The assumed lockout period of 27 payment dates is based on the expected JPMCC 2019-COR4 securitization closing date in February 2019. The actual lockout period may be longer.
With respect to Loan No. 10, CBBC Industrial Portfolio, in connection with the release of an individual mortgaged property as to which an event of default is continuing, the related CBBC Industrial Portfolio Whole Loan may be prepaid at any time, even if prior to the expiration of the lockout period, in an amount equal to the related release amount, together with payment of (if prior to the open period) a yield maintenance premium. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Partial Releases.” |
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(14) | With respect to some mortgage loans, historical financial information may not be available due to the when the properties were constructed, renovated and/or acquired.
With respect to Loan No. 4, Bedford Square, the related property is recently redeveloped and some historical financials may not be available.
With respect to Loan Nos. 7, 11, 24 and 33, Fleet Farm Distribution Center, Arbors at the Park Ole Miss, LA Fitness Northridge and Tru by Hilton McDonough, the related properties are newly constructed and some historical financials may not be available.
With respect to Loan Nos. 9, 13, 16, 21, 30 and 32, Pier 54 Seattle, 221 S Franklin, 2581 Junction, Medical Office & Walgreens Portfolio, Estrella Healthcare Campus and Fresenius & DaVita Portfolio, the related properties are newly acquired and some historical financials may not be available.
With respect to Loan No. 10, CBBC Industrial Portfolio, the related property is newly acquired in a 20 year sale lease back transaction and due to the timing of the acquisition historical financials are not available.
With respect to Loan No. 14, Sorento Flats, the related property was constructed in 2017, and some historical financials may not be available. The most recent financials represent the trailing three-months ending November 30, 2018 annualized.
With respect to Loan Nos. 28, 29, 37 and 38, 1501 Experiment Farm Road, Carlsbad, Colony Square Outparcels and Liberty Commons, in each case, the related mortgaged property is newly acquired, and no historical financials were provided at origination.
With respect to Loan No. 36, Wilton Walk Townhomes, three new buildings were recently constructed as collateral for the related property. As a result, historical financials reflecting the initial configuration of the apartment community are not an indication of current performance. |
(15) | In the case of certain mortgage loans, the UW NOI ($) exceeds Most Recent NOI ($) by 10%.
With respect to Loan No. 4, Bedford Square, the increase in UW NOI ($) of more than 10% over the Most Recent NOI ($) is primarily driven by the fact that the property was in lease up. The property was fully redeveloped from 2015-2018 and was subsequently in a lease up period until the trailing 12 month period ending in October 2018.
With respect to Loan No. 8, Peachtree Corners Marketplace, the increase in UW NOI ($) of more than 10% over the Most Recent NOI ($) is primarily driven by the fact that the property was fully redeveloped over the past three years. Historical cash flows represent the ramp up during the redevelopment and the UW NOI ($) represents the current stabilized operations.
With respect to Loan No. 12, Inland Empire Office Portfolio I, the increase in UW NOI ($) of more than 10% over the Most Recent NOI ($) is primarily driven by the fact that the lease with the County of San Bernardino was signed shortly after a prior tenant, which leased 100.0% of the One Hospitality property, vacated in July 2016. A lengthy county approval process and building expansion/renovation took approximately 18 months and the County of San Bernardino took occupancy in January 2018, resulting in the increase in UW NOI ($).
With respect to Loan No. 13, 221 S Franklin, the increase in UW NOI ($) of more than 10% over the Most Recent NOI ($) is primarily driven by the fact that the prior owner acquired the property in 2016 when the property was approximately 46.0% occupied. After acquisition, the prior owner signed new leases which brought occupancy at the property up to approximately 78.0%. By year-end 2017, the remainder of the property was leased up to 100.0% occupancy, resulting in the increase in UW NOI ($).
With respect to Loan No. 15, LA Fitness Van Nuys, the increase in UW NOI ($) of more than 10% over the Most Recent NOI ($) is primarily driven by the fact that historical cash flows represent the LA Fitness lease payments which had abated rent through February 1, 2018, resulting in the increase in UW NOI ($).
With respect to Loan No. 17, Inland Empire Office Portfolio II, the increase in UW NOI ($) of more than 10% over the Most Recent NOI ($) is primarily driven by the fact that San Manuel Band of Mission Indians signed a new lease in March 2018 for 26,929 square feet. The rent was abated until the end of December 2018 and the tenant is now pay full unabated rent that was factored into the UW NOI ($).
With respect to Loan No. 19, RDM Chicago Portfolio, the increase in UW NOI ($) of more than 10% over the Most Recent NOI ($) is primarily driven by underwritten rent steps through May 2019.
With respect to Loan No. 20, The Strand, the increase in UW NOI ($) of more than 10% over the Most Recent NOI ($) is primarily driven by the fact that the Property was redeveloped over the past several years. Historical cash flows represent the ramp up during the redevelopment and the UW NOI ($) represents the current stabilized operations.
With respect to Loan No. 36, Wilton Walk Townhomes, the increase in UW NOI ($) of more than 10% over the Most Recent NOI ($) is primarily driven by the fact that the sponsor constructed a Phase II in 2018 that added 14 more units to the collateral. The Most Recent NOI ($) did not capture the incremental revenue attributable to the new units. The UW NOI ($) represents the current stabilized operations of the property inclusive of the Phase II units. |
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(16) | With respect to all hotel properties, except for the mortgage loan(s) listed below, the UW NOI ($) is shown after taking a deduction for an FF&E reserve, and as such, the UW NOI ($) and UW NCF ($) for these properties are the same. In addition, in certain cases, the real estate taxes were underwritten based on property tax abatements, such as payment in lieu of taxes or tax increment financing. In such cases, the expenses may be materially higher in future years.
With respect to No. 38, Liberty Commons, pursuant to a tax increment financing agreement dated February 9, 2015, between the City of Liberty, Missouri, and the borrower, the mortgaged property is part of a tax increment financing (the “TIF”) district (the “Redevelopment Area”), within which properties are subject to payments in lieu of taxes (“PILOT”) and pay increased retail taxes to finance redevelopment projects within the Redevelopment Area. All redevelopment work has been completed with respect to the mortgaged property, and the borrower only remains obligated to continue to pay the annual PILOT in the amount set forth in the related TIF agreement. The lender underwrote for the mortgage loan the full estimated taxes without regard to the TIF. The mortgage loan documents provide for a non-recourse carveout associated with any failure by the borrower to comply with the terms of the mortgage loan documents related to the TIF agreement. Please see “Description of the Mortgage Pool—Real Estate and Other Tax Considerations” for additional information. |
(17) | The UW NOI DSCR and UW NCF DSCR for all partial interest-only mortgage loans were calculated based on the first principal and interest payment after the Note Date during the term of the mortgage loan.
With respect to Loan No. 5, Saint Louis Galleria, Monthly Debt Service ($) and Annual Debt Service ($) are calculated based on the sum of the first 12 principal and interest payments after the expiration of the interest only period based on the assumed principal and interest payment schedule set forth in Annex G in the Prospectus. Accordingly, Current Balance ($), Maturity Balance ($), Monthly Debt Service ($), UW NOI DSCR, UW NCF DSCR all reflect this payment schedule and a fixed interest rate of 4.99677083333333%.
With respect to Loan No. 8, Peachtree Corners Marketplace, Monthly Debt Service ($) and Annual Debt Service ($) are calculated based on the sum of the first 12 principal and interest payments after the expiration of the interest only period based on the assumed principal and interest payment schedule set forth in Annex H in the Prospectus. Accordingly, Current Balance ($), Maturity Balance ($), Monthly Debt Service ($), UW NOI DSCR, UW NCF DSCR all reflect this payment schedule and a fixed interest rate of 5.21280%.
With respect to Loan No. 11, Arbors at the Park Ole Miss, Monthly Debt Service ($) and Annual Debt Service ($) are calculated based on the sum of the first 12 principal and interest payments after the expiration of the interest only period based on the assumed principal and interest payment schedule set forth in Annex I in the Prospectus. Accordingly, Current Balance ($), Maturity Balance ($), Monthly Debt Service ($), UW NOI DSCR, UW NCF DSCR all reflect this payment schedule and a fixed interest rate of 5.29000%. |
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(18) | In the case of certain mortgage loans, all or a portion of the Title Type consists of a leasehold interest.
With respect to Loan No. 3, Liberty Station Retail, the collateral includes both fee and leasehold interests in the mortgaged property pursuant to 16 ground leases for the lots that make up the five parcels that collectively constitute the mortgaged property, ground leased by the Redevelopment Agency of the City of San Diego as the ground lessor. The base rent under each ground lease is $1, which was prepaid at the beginning of the term. The term of each ground lease expires on December 31, 2070.
With respect to Loan No. 9, Pier 54 Seattle, a portion of the property located at the far Western extremity of the pier is owned by the Department of Natural Resources (“DNR”). This portion of the property is on an aquatic lands lease through July 2046. The annual ground rent is approximately $45,126, payable in quarterly installments. With respect to the lease rent, the DNR has the right to increase the rent annually for an inflation adjustment, and every four years to market (subject to an annual increase cap of 50.0%). |
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(19) | With respect to each hotel property, shows the expiration date of the related license agreement, franchise agreement, operating agreement or management agreement. See “Description of the Mortgage Pool—Property Types—Hotel Properties” in the preliminary prospectus for information related to mortgage loans secured by hotel properties. |
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(20) | With respect to Loan No. 3, Liberty Station Retail, each of the five parcels that collectively constitute the mortgaged property is located in an earthquake zone, with PML% of 19%, 19%, 14%, 8% and 19% for the parcels located at 2865 Sims Road, 2881 Roosevelt Road, 2495 Truxtun Road, 2588 Laning Road and 2750 Dewey Road, respectively. |
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(21) | Represents the amount deposited by the borrower at origination. All or a portion of this amount may have been released pursuant to the terms of the related loan documents.
With respect to Loan No. 11, Arbors at the Park Ole Miss, the borrower was required to deliver a letter of credit in the amount of $706,000 at origination for a zoning discrepancy reserve, which is held by the lender until zoning approval is obtained (which has been obtained) and the amended site plan has been approved (which has been applied for).
With respect to Loan No. 21, Medical Office & Walgreens Portfolio, the borrower was required to reserve $180,000 at origination for a management fee reserve, which reflects 10-years' worth of collections for all tenants except Fresenius Sun Prairie.
With respect to Loan No. 26, Vallejo MHC & RV Park, the borrower was required to reserve $260,000 at origination for a business interruption flood reserve to cover potential shortfalls due to flooding on approximately 30.0% of the Property that is located within a flood zone.
With respect to Loan No. 32, Fresenius & DaVita Portfolio, the borrower was required to reserve $120,000 at origination for a management fee reserve, which reflects 10-years' worth of collections for all tenants except DaVita St. Joseph. |
(22) | Represents the monthly amounts required to be deposited by the borrower. The monthly collected amounts may be increased or decreased pursuant to the terms of the related loan documents. In certain cases, reserves with $0 balances are springing and are collected in the event of certain conditions being triggered in the respective mortgage loan documents. In certain other cases, all excess cash flow will be swept into reserve accounts in the event of certain conditions being trigger in the respective mortgage loan documents.
With respect to Loan No. 18, Sheraton Music City, the requirement for the borrower to make monthly property improvement plan deposits into the Monthly Capex Reserve ($) is waived to the extent the borrower has deposited a letter of credit in the amount of at least 110% of the amount estimated by the lender to complete any property improvement plan related to the mortgaged property.
With respect to Loan No. 23, Altura Office Building, the borrower is required to deposit $10,000 into the Monthly RE Tax Reserve ($) on each payment date through the first 15 payment dates. Commencing on January 6, 2020, the monthly deposit will increase to $17,600.
With respect to Loan No. 27, Hickory View Apartments, the borrower is required to deposit $3,000 into the Monthly Capex Reserve ($) on each payment date through and including March 6, 2023. Commencing April 6, 2023, the monthly deposit will increase to $5,000.
With respect to Loan No. 28, 1501 Experiment Farm Road, the requirement for the borrower to make monthly deposits of $4,535.20 into the Monthly Capex Reserve ($) is waived so long as (i) no event of default under the mortgage loan documents has occurred and is continuing, (ii) the lease for the sole tenant at the mortgaged property, Avenue Stores (the “Avenue Stores Lease”), requires that Avenue Stores maintain the improvements, and the borrower has provided the lender with satisfactory evidence that the mortgaged property is being maintained in accordance with the mortgage loan documents, (iii) the Avenue Stores Lease is in full force and effect and no default exists under the Avenue Stores Lease beyond the expiration of all applicable notice and cure periods, and (iv) Avenue Stores is not subject to a bankruptcy action.
With respect to Loan No. 29, Carlsbad, the borrower is required to make a monthly deposit of $5,168.33 into the Monthly TI/LC Reserve ($) on each monthly due date at all times during which the amount on deposit in the TI/LC Reserve for rollover is less than $300,000 until the aggregate amount on deposit in the TI/LC Reserve equals or exceeds $310,130.
With respect to Loan No. 35, DPBI Portfolio, the requirement for the borrower to make monthly deposits of $305 into the Monthly Capex Reserve ($) is waived so long as (i) no event of default under the mortgage loan documents has occurred and is continuing, (ii) (A) the applicable sole tenant at an individual mortgaged property and any replacement thereof (each such tenant, a “Specified Tenant”) is responsible under its lease to maintain the improvements on the mortgaged property and (B) the borrower has provided the lender with satisfactory evidence that the mortgaged property is being maintained in accordance with the applicable terms and conditions of the mortgage loan documents, and (iii) the applicable Specified Tenant has not filed any bankruptcy action or similar insolvency proceedings. |
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(23) | Represents a cap on the amount required to be deposited by the borrower pursuant to the related mortgage loan documents. In certain cases, during the term of the mortgage loan, the caps may be altered or terminated subject to conditions of the respective mortgage loan documents.
With respect to Loan No. 23, Altura Office Building, in the event that Butt Thornton exercises its early termination option, effective December 31, 2020, $51,437.92 will be transferred from the Free Rent Reserve to the TI/LC Reserve and will not count towards the TI/LC Reserve Cap.
With respect to Loan No. 35, DPBI Portfolio, if any cash sweep period under the mortgage loan documents exists solely due to (i) the debt service coverage ratio of the mortgage loan based on the trailing three-month period being less than 1.20x and/or (ii) any sole tenant at each individual mortgaged property and any replacement thereof (each such tenant, a “Specified Tenant”) (A) vacating, abandoning, ceasing ordinary business operations at, or otherwise “going dark” at all or a substantial portion of its leased space or giving notice of its intent thereof, (B) becoming involved in a bankruptcy action or similar insolvency, or (C) termination, cancellation or surrender of its leased premises without the lender’s prior written consent, or notification of its intent thereof (each of the foregoing (ii)(A) through (ii)(C), a “Specified Tenant Sweep Event”), then the borrower’s obligation to deposit all excess cash flow into the Monthly Other Reserve ($) will be capped at $500,000 (the “Excess Cash Flow Reserve Cap”); provided, further, that notwithstanding the foregoing, during the last two years of the term of the Loan, the Excess Cash Flow Reserve Cap will not apply if more than one individual mortgaged property is then subject to a Specified Tenant Sweep Event. |
(24) | With respect to the footnotes hereto, no footnotes have been provided with respect to tenants that are not among the five largest tenants by square footage for any mortgaged property. 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 subject lease.
With respect to Loan No. 2, 400 South El Camino, the Largest Tenant, Alibaba Group, subleases 5,284 square feet to AtScale, Inc and the 2nd Largest Tenant, ZS Associates subleases 18,331 square feet to Man Crates, Trident Capital, Inc. and TC Growth Management, LLC.
With respect to Loan No. 4, Bedford Square, the Largest Tenant, Anthropologie, subleases 2,053 square feet to an affiliate, URBN Church Lane Amis LLC. |
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(25) | In certain cases, the data for tenants occupying multiple spaces includes square footage only from the primary spaces sharing the same expiration date, and may not include smaller spaces with different expiration dates.
With respect to Loan No. 3, Liberty Station Retail, the 4th Largest Tenant, 828 Events, leases 6,119 square feet of space for which the lease term expires on April 30, 2030, and an additional 8,777 square feet of space for which the lease term expires on May 31, 2029. |
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(26) | The lease expirations shown are based on full lease terms; however, in some instances, the tenant may have the option to terminate its lease with respect to all or a portion of its leased space prior to the expiration date shown. Certain tenants may have the right to reduce or abate rent or terminate all or a portion of their leased spaces for a breach or violation of co-tenancy provisions in the related leases.
With respect to Loan No. 28, 1501 Experiment Farm Road, the sole tenant at the mortgaged property, Avenue Stores, has the one-time right to terminate its lease from and after the expiration of the 12th lease year, or 2030, which is after the maturity date of the mortgage loan, but prior to the expiration of the 15th lease year, with at least a 180 days’ prior written notice and the payment of a termination fee.
With respect to Loan No. 29, Carlsbad, the 4th Largest Tenant at the mortgaged property, Stearns, Conrad and Schmidt, has a one-time right to terminate its lease, effective as of the last day of the 48th calendar month of the initial lease term, with nine months’ prior written notice and the payment of a termination fee.
With respect to Loan No. 31, North Oak Marketplace, the 2nd Largest Tenant, Goodwill, has the right to terminate its lease in the event that the minimum wage in Kansas City, Missouri, or the State of Missouri is raised to $12 per hour or higher. The State of Missouri is scheduled to effectuate a $12 per hour minimum wage in 2023. The tenant’s lease is scheduled to expire in August 2023, with one remaining option to renew for an additional term of five years. |
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(27) | In certain cases, the Principal / Carveout Guarantor name was shortened for spacing purposes or due to the number of parties serving as the Principal / Carveout Guarantor. In the case of certain mortgage loans, the loan documents permit the borrower to replace the Principal / Carveout Guarantor upon satisfaction of certain terms and conditions in the related loan documents.
With respect to Loan No. 3, Liberty Station Retail, only Seligman & Associates, Inc. is the nonrecourse carve-out guarantor for the mortgage loan.
With respect to Loan No. 10, CBBC Industrial Portfolio, the joint and several liability of the nonrecourse carve-out guarantors under the environmental indemnity is capped at 110% of the original principal balance of the CBBC Industrial Portfolio Mortgage Whole Loan. |
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(28) | The classification of the lockbox and cash management types is described in the Prospectus. See “Description of the Mortgage Pool – Lockbox Accounts” for further details.
With respect to Loan No. 4, Bedford Square, there is a soft lockbox for the residential tenants and a hard lockbox for the retail tenants. |
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(29) | With respect to Loan No. 5, Saint Louis Galleria, the related Whole Loan will initially be serviced by the master servicer and special servicer pursuant to the pooling and servicing agreement for the Benchmark 2018-B8 securitization transaction. From and after the date on which the related lead servicing Companion Loan is securitized, it is anticipated that the related Whole Loan will be serviced under and by the master servicer and special servicer designated in the related pooling and servicing agreement entered into in connection with such securitization. |