Free Writing Prospectus dated April 15, 2024
The depositor has filed a registration statement (including a prospectus) with the SEC (SEC File No. 333-258342) 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 (800) 408-1016 or by emailing the ABS Syndicate Desk at abs_synd@jpmorgan.com.
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.
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in this File supersedes any contrary information contained in any prior File relating to the certificates and will be superseded by any contrary information contained in any subsequent File prior to the time of sale.
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.
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.
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | % of Initial Pool Balance | % of Loan Balance | Mortgage Loan Originator | Mortgage Loan Seller | Related Group | Crossed Group | Address | City | County | State | Zip Code | General Property Type |
| | | | | | | 1 | 1 | | | | | | | | |
1 | Loan | 6, 7, 10, 21 | 1 | Kenwood Towne Centre | 7.1% | 100.0% | WFB | WFB | Group 1 | NAP | 7875 Montgomery Road | Cincinnati | Hamilton | OH | 45236 | Retail |
2 | Loan | 8, 9 | 4 | Kleban Retail Portfolio | 7.1% | | MSBNA | MSMCH | NAP | NAP | Various | Various | Various | Various | Various | Retail |
2.01 | Property | | 1 | Home Depot - Kenner | 3.5% | 49.9% | | | | | 2625 Veterans Memorial Boulevard | Kenner | Jefferson | LA | 70062 | Retail |
2.02 | Property | | 1 | Altamira Shopping Village | 2.1% | 29.0% | | | | | 1800-1820 Dunlawton Avenue | Port Orange | Volusia | FL | 32127 | Retail |
2.03 | Property | | 1 | Walmart - Mobile | 1.0% | 14.6% | | | | | 685 Schillinger Road South | Mobile | Mobile | AL | 36695 | Retail |
2.04 | Property | | 1 | Walgreens - Garden City | 0.5% | 6.5% | | | | | 31415 Ford Road | Garden City | Wayne | MI | 48135 | Retail |
3 | Loan | 6, A | 1 | Western Digital Milpitas Campus | 6.4% | 100.0% | JPMCB | JPMCB | NAP | NAP | 901, 951, 1001, 1051, and 1101 Sandisk Drive | Milpitas | Santa Clara | CA | 95035 | Mixed Use |
4 | Loan | 6, 10 | 1 | Jordan Creek Town Center | 6.2% | 100.0% | MSBNA/JPMCB | MSMCH/JPMCB | Group 1 | NAP | 101 Jordan Creek Parkway | West Des Moines | Dallas | IA | 50266 | Retail |
5 | Loan | 6, 10 | 1 | Galleria at Tyler | 6.1% | 100.0% | BANA | BANA | Group 1 | NAP | 1299 Galleria at Tyler | Riverside | Riverside | CA | 92503 | Retail |
6 | Loan | 22, 24 | 1 | Aliz Hotel Times Square | 5.1% | 100.0% | JPMCB | JPMCB | NAP | NAP | 310 West 40th Street | New York | New York | NY | 10018 | Hospitality |
7 | Loan | | 1 | Bethesda Marriott | 4.0% | 100.0% | MSBNA | MSMCH | NAP | NAP | 5151 Pooks Hill Road | Bethesda | Montgomery | MD | 20814 | Hospitality |
8 | Loan | 26 | 1 | The Vista | 3.9% | 100.0% | WFB | WFB | NAP | NAP | 900 West Monte Vista Avenue | Turlock | Stanislaus | CA | 95382 | Multifamily |
9 | Loan | 6 | 1 | Respara | 3.7% | 100.0% | WFB | WFB | NAP | NAP | 11610 Dunstan Way | Los Angeles | Los Angeles | CA | 90049 | Multifamily |
10 | Loan | B | 1 | Highland Village | 3.6% | 100.0% | BANA | BANA | NAP | NAP | 4500 Interstate 55 North | Jackson | Hinds | MS | 39211 | Mixed Use |
11 | Loan | 14, 25, C | 1 | Hampton Inn & Suites National Harbor | 3.5% | 100.0% | JPMCB | JPMCB | NAP | NAP | 250 Waterfront Street | Oxon Hill | Prince George's | MD | 20745 | Hospitality |
12 | Loan | 8, 9, D | 2 | Victory Louisiana Real Estate Portfolio | 3.5% | | MSBNA | MSMCH | NAP | NAP | Various | Metairie | Jefferson | LA | Various | Retail |
12.01 | Property | | 1 | Westgate Shopping Center | 2.2% | 64.7% | | | | | 8835-8855 Veterans Memorial Boulevard | Metairie | Jefferson | LA | 70003 | Retail |
12.02 | Property | | 1 | Airline Shopping Center | 1.2% | 35.3% | | | | | 2701 Airline Drive | Metairie | Jefferson | LA | 70001 | Retail |
13 | Loan | | 1 | Wilshire Colonnade | 3.4% | 100.0% | WFB | WFB | NAP | NAP | 3701 and 3731 Wilshire Boulevard | Los Angeles | Los Angeles | CA | 90010 | Office |
14 | Loan | | 1 | Drexel Terraces | 3.1% | 100.0% | MSBNA | MSMCH | NAP | NAP | 4830 South Drexel Boulevard | Chicago | Cook | IL | 60615 | Multifamily |
15 | Loan | 6, 10, 28 | 1 | Staten Island Mall | 3.0% | 100.0% | WFB | WFB | Group 1 | NAP | 2655 Richmond Avenue | Staten Island | Richmond | NY | 10314 | Retail |
16 | Loan | 6, 12, 20, 27 | 1 | Casa Cipriani | 3.0% | 100.0% | JPMCB | JPMCB | NAP | NAP | 10 South Street | New York | New York | NY | 10004 | Mixed Use |
17 | Loan | 15 | 1 | Canyon Park West | 2.4% | 100.0% | WFB | WFB | NAP | NAP | 1939 Fillmore Street | Twin Falls | Twin Falls | ID | 83301 | Retail |
18 | Loan | 6 | 1 | 11755 Wilshire | 1.9% | 100.0% | WFB | WFB | NAP | NAP | 11755 Wilshire Boulevard | Los Angeles | Los Angeles | CA | 90025 | Office |
19 | Loan | | 1 | Delray Corner | 1.9% | 100.0% | MSBNA | MSMCH | NAP | NAP | 4970 West Atlantic Avenue and 14802 South Military Trail | Delray Beach | Palm Beach | FL | 33484 | Retail |
20 | Loan | | 1 | 1575 Jersey Ave | 1.7% | 100.0% | MSBNA | MSMCH | NAP | NAP | 1575 Jersey Avenue | North Brunswick | Middlesex | NJ | 08902 | Industrial |
21 | Loan | | 1 | Terrell Plaza | 1.7% | 100.0% | MSBNA | MSMCH | NAP | NAP | 1201 Austin Highway | San Antonio | Bexar | TX | 78209 | Retail |
22 | Loan | | 1 | Sherman Oaks First Plaza | 1.4% | 100.0% | WFB | WFB | NAP | NAP | 14423-14457 Ventura Boulevard | Sherman Oaks | Los Angeles | CA | 91423 | Retail |
23 | Loan | 16, E | 1 | Tahoma Vista | 1.1% | 100.0% | MSBNA | MSMCH | NAP | NAP | 1410-1418 East 72nd Street | Tacoma | Pierce | WA | 98404 | Retail |
24 | Loan | | 1 | Greenbox II Self Storage | 1.1% | 100.0% | WFB | WFB | NAP | NAP | 2424 Delgany Street | Denver | Denver | CO | 80216 | Self Storage |
25 | Loan | | 1 | Ponder Place | 1.0% | 100.0% | MSBNA | MSMCH | NAP | NAP | 201 Lake Forest Road | Greenwood | Greenwood | SC | 29649 | Multifamily |
26 | Loan | 8 | 2 | Oklahoma Texas Hotel Portfolio | 1.0% | | MSBNA | MSMCH | NAP | NAP | Various | Various | Various | Various | Various | Hospitality |
26.01 | Property | | 1 | La Quinta Inn Brownwood | 0.6% | 58.4% | | | | | 103 Market Place Boulevard | Brownwood | Brown | TX | 76801 | Hospitality |
26.02 | Property | | 1 | Hampton Inn Oklahoma City NE | 0.4% | 41.6% | | | | | 11820 North I-35 Service Road | Oklahoma City | Oklahoma | OK | 73131 | Hospitality |
27 | Loan | F | 1 | Gateway Square Shopping Center | 1.0% | 100.0% | MSBNA | MSMCH | NAP | NAP | 4801-4889 Hopyard Road | Pleasanton | Alameda | CA | 94588 | Retail |
28 | Loan | | 1 | Elm Street Plaza | 1.0% | 100.0% | MSBNA | MSMCH | Group 2 | NAP | 1030-1040 Elm Street | Rocky Hill | Hartford | CT | 06067 | Retail |
29 | Loan | | 1 | 927-933 Flatbush Avenue | 0.9% | 100.0% | MSBNA | MSMCH | NAP | NAP | 927-933 Flatbush Avenue | Brooklyn | Kings | NY | 11226 | Retail |
30 | Loan | | 1 | Northville Shopping Center Phase II | 0.9% | 100.0% | MSBNA | MSMCH | NAP | NAP | 17101-17955 Haggerty Road and 6 Mile Road | Northville | Wayne | MI | 48167 | Retail |
31 | Loan | 5 | 1 | US Storage Centers - La Crescenta, CA | 0.8% | 100.0% | BANA | BANA | NAP | NAP | 4454 Lowell Avenue and 3900-3934 Foothill Boulevard | La Crescenta | Los Angeles | CA | 91214 | Self Storage |
32 | Loan | 8, 9, G | 2 | Swifts MHC and Gulf to Bay MHC | 0.8% | | MSBNA | MSMCH | NAP | NAP | Various | Various | Various | FL | Various | Manufactured Housing |
32.01 | Property | | 1 | Swifts MHC | 0.5% | 53.8% | | | | | 1846 Powell Drive | North Fort Myers | Lee | FL | 33917 | Manufactured Housing |
32.02 | Property | | 1 | Gulf to Bay MHC | 0.4% | 46.2% | | | | | 2381 Gulf to Bay Boulevard | Clearwater | Pinellas | FL | 33765 | Manufactured Housing |
33 | Loan | | 1 | Compass Point Medical Complex | 0.7% | 100.0% | MSBNA | MSMCH | Group 2 | NAP | 1111 Cromwell Avenue | Rocky Hill | Hartford | CT | 06067 | Office |
34 | Loan | H | 1 | Superior Building | 0.7% | 100.0% | BANA | BANA | NAP | NAP | 61 North Raymond Avenue | Pasadena | Los Angeles | CA | 91103 | Mixed Use |
35 | Loan | 13, 17, 18 | 1 | 872 East 164th Street | 0.6% | 100.0% | MSBNA | MSMCH | Group 4 | NAP | 872 East 164th Street | Bronx | Bronx | NY | 10459 | Multifamily |
36 | Loan | | 1 | Walnut Grove MHC | 0.6% | 100.0% | MSBNA | MSMCH | Group 3 | NAP | 2548 Peck Road | Monrovia | Los Angeles | CA | 90601 | Manufactured Housing |
37 | Loan | | 1 | Park Place Apartments | 0.5% | 100.0% | WFB | WFB | NAP | NAP | 515 Parkside Place | Dalton | Whitfield | GA | 30721 | Multifamily |
38 | Loan | 8, 9 | 2 | City Trailer Park and Stage Coach MHC | 0.5% | | MSBNA | MSMCH | Group 3 | NAP | Various | Various | Various | CA | Various | Manufactured Housing |
38.01 | Property | | 1 | Stage Coach MHC | 0.3% | 57.3% | | | | | 6050 Mission Boulevard | Riverside | Riverside | CA | 92509 | Manufactured Housing |
38.02 | Property | | 1 | City Trailer Park | 0.2% | 42.7% | | | | | 313 West 1st Avenue | La Habra | Orange | CA | 90631 | Manufactured Housing |
39 | Loan | | 1 | CityLine Milledgeville | 0.5% | 100.0% | BANA | BANA | Group 5 | NAP | 155 and 157 Garrett Way & 630 Meriwether Road | Milledgeville | Baldwin | GA | 31061 | Self Storage |
40 | Loan | | 1 | 1412 College Ave | 0.4% | 100.0% | MSBNA | MSMCH | Group 4 | NAP | 1412 College Avenue | Bronx | Bronx | NY | 10456 | Multifamily |
41 | Loan | 19 | 1 | Lexington Grand | 0.4% | 100.0% | WFB | WFB | NAP | NAP | 186 Roy Truesdell Road | Lugoff | Kershaw | SC | 29078 | Multifamily |
42 | Loan | | 1 | 4975 Clark Howell Highway | 0.3% | 100.0% | BANA | BANA | Group 5 | NAP | 4975 Clark Howell Highway | Atlanta | Clayton | GA | 30349 | Industrial |
43 | Loan | | 1 | Taylors Square | 0.3% | 100.0% | MSBNA | MSMCH | Group 6 | NAP | 3023 Wade Hampton Boulevard | Taylors | Greenville | SC | 29687 | Retail |
44 | Loan | 8 | 2 | East Coast Storage Portfolio | 0.3% | | MSBNA | MSMCH | NAP | NAP | Various | Various | Various | Various | Various | Self Storage |
44.01 | Property | | 1 | MMJ Self Storage | 0.2% | 84.9% | | | | | 17600 A.P. Hill Boulevard | Bowling Green | Caroline | VA | 22427 | Self Storage |
44.02 | Property | | 1 | AAA Self Storage | 0.0% | 15.1% | | | | | 842 US Route 280 | Americus | Sumter | GA | 31709 | Self Storage |
45 | Loan | | 1 | Benton Crossing | 0.3% | 100.0% | MSBNA | MSMCH | Group 6 | NAP | 15400 Sheldon Road | Northville | Wayne | MI | 48168 | Retail |
46 | Loan | 6, 10, 11, 23, I | 1 | Tysons Corner Center | 0.2% | 100.0% | JPMCB | JPMCB | NAP | NAP | 1961 Chain Bridge Road | McLean | Fairfax | VA | 22102 | Retail |
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Detailed Property Type | Year Built | Year Renovated | Number of Units | Unit of Measure | Loan Per Unit ($) | Original Balance ($) | Cut-off Date Balance ($) | Maturity/ARD Balance ($) | Interest Rate % | Administrative Fee Rate % | Net Mortgage Rate % | Monthly Debt Service (P&I) ($) | Monthly Debt Service (IO) ($) | Annual Debt Service (P&I) ($) |
| | | | | | | | 5 | | 6, 7, 8 | | | | | 3 | | | | |
1 | Loan | 6, 7, 10, 21 | 1 | Kenwood Towne Centre | Super Regional Mall | 1958 | 1988; 2003; 2009; 2019-2023 | 1,033,141 | SF | 251.66 | 70,000,000 | 70,000,000 | 70,000,000 | 6.27100% | 0.016590% | 6.254410% | NAP | 370,889.00 | NAP |
2 | Loan | 8, 9 | 4 | Kleban Retail Portfolio | Various | Various | NAP | 538,646 | SF | 129.58 | 69,800,000 | 69,800,000 | 69,800,000 | 7.09000% | 0.015340% | 7.074660% | NAP | 418,129.47 | NAP |
2.01 | Property | | 1 | Home Depot - Kenner | Single Tenant | 2013 | NAP | 174,522 | SF | | 34,851,415 | 34,851,415 | 34,851,415 | | | | | | |
2.02 | Property | | 1 | Altamira Shopping Village | Anchored | 2012; 2013; 2015 | NAP | 149,480 | SF | | 20,211,230 | 20,211,230 | 20,211,230 | | | | | | |
2.03 | Property | | 1 | Walmart - Mobile | Single Tenant | 1997 | NAP | 200,084 | SF | | 10,170,394 | 10,170,394 | 10,170,394 | | | | | | |
2.04 | Property | | 1 | Walgreens - Garden City | Single Tenant | 2004 | NAP | 14,560 | SF | | 4,566,961 | 4,566,961 | 4,566,961 | | | | | | |
3 | Loan | 6, A | 1 | Western Digital Milpitas Campus | R&D/Office | 1991-1995 | 2012 | 577,956 | SF | 218.01 | 63,000,000 | 63,000,000 | 63,000,000 | 6.84400% | 0.015340% | 6.828660% | NAP | 364,300.42 | NAP |
4 | Loan | 6, 10 | 1 | Jordan Creek Town Center | Super Regional Mall | 2004 | NAP | 940,038 | SF | 180.84 | 61,000,000 | 61,000,000 | 61,000,000 | 7.02000% | 0.016590% | 7.003410% | NAP | 361,806.25 | NAP |
5 | Loan | 6, 10 | 1 | Galleria at Tyler | Super Regional Mall | 1970 | 1991; 2007 | 565,913 | SF | 265.06 | 60,000,000 | 60,000,000 | 60,000,000 | 7.91900% | 0.016590% | 7.902410% | NAP | 401,449.31 | NAP |
6 | Loan | 22, 24 | 1 | Aliz Hotel Times Square | Full Service | 2018 | NAP | 287 | Rooms | 173,867.60 | 49,900,000 | 49,900,000 | 49,900,000 | 6.81700% | 0.015340% | 6.801660% | NAP | 287,410.72 | NAP |
7 | Loan | | 1 | Bethesda Marriott | Full Service | 1979 | 2015 | 407 | Rooms | 97,788.70 | 39,800,000 | 39,800,000 | 39,800,000 | 7.47200% | 0.034090% | 7.437910% | NAP | 251,263.30 | NAP |
8 | Loan | 26 | 1 | The Vista | Student Housing | 2017 | NAP | 670 | Beds | 57,462.69 | 38,500,000 | 38,500,000 | 38,500,000 | 6.57900% | 0.016590% | 6.562410% | NAP | 214,007.86 | NAP |
9 | Loan | 6 | 1 | Respara | Mid Rise | 2022 | NAP | 54 | Units | 1,138,888.89 | 36,500,000 | 36,500,000 | 36,500,000 | 6.30000% | 0.016590% | 6.283410% | NAP | 194,286.46 | NAP |
10 | Loan | B | 1 | Highland Village | Retail/Office | 1983 | 2019 | 214,977 | SF | 162.81 | 35,000,000 | 35,000,000 | 35,000,000 | 6.79500% | 0.015340% | 6.779660% | NAP | 200,940.10 | NAP |
11 | Loan | 14, 25, C | 1 | Hampton Inn & Suites National Harbor | Limited Service | 2008 | 2018-2019 | 154 | Rooms | 222,727.27 | 34,300,000 | 34,300,000 | 34,300,000 | 7.83100% | 0.015340% | 7.815660% | NAP | 226,944.92 | NAP |
12 | Loan | 8, 9, D | 2 | Victory Louisiana Real Estate Portfolio | Anchored | Various | Various | 291,589 | SF | 116.60 | 34,000,000 | 34,000,000 | 34,000,000 | 7.19500% | 0.064090% | 7.130910% | NAP | 206,689.70 | NAP |
12.01 | Property | | 1 | Westgate Shopping Center | Anchored | 1986 | 2013 | 208,580 | SF | | 22,000,000 | 22,000,000 | 22,000,000 | | | | | | |
12.02 | Property | | 1 | Airline Shopping Center | Anchored | 2001 | NAP | 83,009 | SF | | 12,000,000 | 12,000,000 | 12,000,000 | | | | | | |
13 | Loan | | 1 | Wilshire Colonnade | CBD | 1968 | NAP | 369,454 | SF | 90.67 | 33,500,000 | 33,500,000 | 33,500,000 | 7.36800% | 0.016590% | 7.351410% | NAP | 208,546.81 | NAP |
14 | Loan | | 1 | Drexel Terraces | Garden | 1902 | 2023 | 116 | Units | 267,241.38 | 31,000,000 | 31,000,000 | 31,000,000 | 6.20000% | 0.015340% | 6.184660% | NAP | 162,391.20 | NAP |
15 | Loan | 6, 10, 28 | 1 | Staten Island Mall | Super Regional Mall | 1972 | 1993; 2018 | 995,900 | SF | 200.82 | 30,000,000 | 30,000,000 | 30,000,000 | 7.53400% | 0.015340% | 7.518660% | NAP | 190,965.97 | NAP |
16 | Loan | 6, 12, 20, 27 | 1 | Casa Cipriani | Hospitality/Event Space | 1909 | 2021 | 146,486 | SF | 702.19 | 30,000,000 | 29,959,334 | 28,550,463 | 7.27000% | 0.015340% | 7.254660% | 205,060.00 | NAP | 2,460,720.00 |
17 | Loan | 15 | 1 | Canyon Park West | Anchored | 2000-2022 | NAP | 152,327 | SF | 157.90 | 24,053,000 | 24,053,000 | 24,053,000 | 6.42600% | 0.016590% | 6.409410% | NAP | 130,592.76 | NAP |
18 | Loan | 6 | 1 | 11755 Wilshire | CBD | 1986 | 2023-2024 | 337,440 | SF | 207.44 | 18,500,000 | 18,500,000 | 18,500,000 | 7.02400% | 0.016590% | 7.007410% | NAP | 109,790.65 | NAP |
19 | Loan | | 1 | Delray Corner | Anchored | 1981 | 2006 | 85,916 | SF | 215.33 | 18,500,000 | 18,500,000 | 18,500,000 | 7.19400% | 0.015340% | 7.178660% | NAP | 112,447.88 | NAP |
20 | Loan | | 1 | 1575 Jersey Ave | Warehouse | 1970 | 2017 | 129,129 | SF | 131.65 | 17,000,000 | 17,000,000 | 17,000,000 | 6.80000% | 0.015340% | 6.784660% | NAP | 97,671.30 | NAP |
21 | Loan | | 1 | Terrell Plaza | Anchored | 1965 | 2012 | 107,884 | SF | 153.87 | 16,600,000 | 16,600,000 | 16,600,000 | 6.95000% | 0.015340% | 6.934660% | NAP | 97,476.97 | NAP |
22 | Loan | | 1 | Sherman Oaks First Plaza | Unanchored | 1979 | 2019; 2022 | 62,483 | SF | 224.06 | 14,000,000 | 14,000,000 | 13,671,577 | 7.86900% | 0.016590% | 7.852410% | 101,451.42 | 93,080.07 | 1,217,417.04 |
23 | Loan | 16, E | 1 | Tahoma Vista | Anchored | 1968 | NAP | 107,293 | SF | 102.99 | 11,050,000 | 11,050,000 | 11,050,000 | 7.45000% | 0.015340% | 7.434660% | NAP | 69,554.89 | NAP |
24 | Loan | | 1 | Greenbox II Self Storage | Self Storage | 1979 | 2013 | 100,551 | SF | 109.40 | 11,000,000 | 11,000,000 | 11,000,000 | 7.06900% | 0.016590% | 7.052410% | NAP | 65,699.16 | NAP |
25 | Loan | | 1 | Ponder Place | Garden | 2022 | NAP | 82 | Units | 124,298.78 | 10,192,500 | 10,192,500 | 10,192,500 | 5.98500% | 0.015340% | 5.969660% | NAP | 51,541.14 | NAP |
26 | Loan | 8 | 2 | Oklahoma Texas Hotel Portfolio | Limited Service | Various | Various | 143 | Rooms | 69,930.07 | 10,000,000 | 10,000,000 | 9,725,184 | 7.16500% | 0.015340% | 7.149660% | 67,642.05 | 60,537.62 | 811,704.60 |
26.01 | Property | | 1 | La Quinta Inn Brownwood | Limited Service | 2008 | 2021-2022 | 71 | Rooms | | 5,838,500 | 5,838,500 | 5,678,049 | | | | | | |
26.02 | Property | | 1 | Hampton Inn Oklahoma City NE | Limited Service | 2016 | NAP | 72 | Rooms | | 4,161,500 | 4,161,500 | 4,047,135 | | | | | | |
27 | Loan | F | 1 | Gateway Square Shopping Center | Unanchored | 1989; 2004 | NAP | 87,328 | SF | 111.65 | 9,750,000 | 9,750,000 | 9,750,000 | 6.67500% | 0.015340% | 6.659660% | NAP | 54,987.63 | NAP |
28 | Loan | | 1 | Elm Street Plaza | Anchored | 1998; 2009 | 2020 | 60,947 | SF | 155.87 | 9,500,000 | 9,500,000 | 9,500,000 | 7.14000% | 0.015340% | 7.124660% | NAP | 57,310.07 | NAP |
29 | Loan | | 1 | 927-933 Flatbush Avenue | Unanchored | 1920 | 2014; 2019 | 45,100 | SF | 201.77 | 9,100,000 | 9,100,000 | 9,100,000 | 7.36500% | 0.015340% | 7.349660% | NAP | 56,626.96 | NAP |
30 | Loan | | 1 | Northville Shopping Center Phase II | Shadow Anchored | 2003 | NAP | 43,169 | SF | 201.53 | 8,700,000 | 8,700,000 | 8,700,000 | 6.72000% | 0.074090% | 6.645910% | NAP | 49,396.67 | NAP |
31 | Loan | 5 | 1 | US Storage Centers - La Crescenta, CA | Self Storage | 1960 | 1988 | 68,605 | SF | 120.98 | 8,300,000 | 8,300,000 | 8,300,000 | 6.50000% | 0.015340% | 6.484660% | NAP | 45,582.75 | NAP |
32 | Loan | 8, 9, G | 2 | Swifts MHC and Gulf to Bay MHC | Manufactured Housing | Various | NAP | 156 | Pads | 52,884.62 | 8,250,000 | 8,250,000 | 8,250,000 | 6.41500% | 0.015340% | 6.399660% | NAP | 44,715.67 | NAP |
32.01 | Property | | 1 | Swifts MHC | Manufactured Housing | 1949 | NAP | 87 | Pads | | 4,441,000 | 4,441,000 | 4,441,000 | | | | | | |
32.02 | Property | | 1 | Gulf to Bay MHC | Manufactured Housing | 1955 | NAP | 69 | Pads | | 3,809,000 | 3,809,000 | 3,809,000 | | | | | | |
33 | Loan | | 1 | Compass Point Medical Complex | Medical | 2003 | 2010 | 65,063 | SF | 113.12 | 7,360,000 | 7,360,000 | 7,360,000 | 7.51000% | 0.015340% | 7.494660% | NAP | 46,701.07 | NAP |
34 | Loan | H | 1 | Superior Building | Office/Retail | 1928 | 2013 | 45,902 | SF | 152.50 | 7,000,000 | 7,000,000 | 7,000,000 | 6.79300% | 0.015340% | 6.777660% | NAP | 40,176.19 | NAP |
35 | Loan | 13, 17, 18 | 1 | 872 East 164th Street | Mid Rise | 2023 | NAP | 18 | Units | 335,000.00 | 6,030,000 | 6,030,000 | 6,030,000 | 6.76000% | 0.015340% | 6.744660% | NAP | 34,440.79 | NAP |
36 | Loan | | 1 | Walnut Grove MHC | Manufactured Housing | 1954 | NAP | 52 | Pads | 107,019.23 | 5,565,000 | 5,565,000 | 5,565,000 | 6.21000% | 0.015340% | 6.194660% | NAP | 29,198.86 | NAP |
37 | Loan | | 1 | Park Place Apartments | Garden | 2000 | NAP | 86 | Units | 61,046.51 | 5,250,000 | 5,250,000 | 5,250,000 | 7.71400% | 0.016590% | 7.697410% | NAP | 34,217.48 | NAP |
38 | Loan | 8, 9 | 2 | City Trailer Park and Stage Coach MHC | Manufactured Housing | Various | NAP | 44 | Pads | 113,636.36 | 5,000,000 | 5,000,000 | 5,000,000 | 6.22000% | 0.015340% | 6.204660% | NAP | 26,276.62 | NAP |
38.01 | Property | | 1 | Stage Coach MHC | Manufactured Housing | 1965 | NAP | 30 | Pads | | 2,863,000 | 2,863,000 | 2,863,000 | | | | | | |
38.02 | Property | | 1 | City Trailer Park | Manufactured Housing | 1975 | NAP | 14 | Pads | | 2,137,000 | 2,137,000 | 2,137,000 | | | | | | |
39 | Loan | | 1 | CityLine Milledgeville | Self Storage | 2000; 2006 | NAP | 80,330 | SF | 56.55 | 4,543,000 | 4,543,000 | 4,543,000 | 6.85900% | 0.015340% | 6.843660% | NAP | 26,327.68 | NAP |
40 | Loan | | 1 | 1412 College Ave | Mid Rise | 1930 | 2023 | 16 | Units | 257,812.50 | 4,125,000 | 4,125,000 | 4,125,000 | 6.53000% | 0.015340% | 6.514660% | NAP | 22,758.64 | NAP |
41 | Loan | 19 | 1 | Lexington Grand | Garden | 2009 | 2023 | 64 | Units | 63,671.88 | 4,075,000 | 4,075,000 | 4,075,000 | 6.96900% | 0.016590% | 6.952410% | NAP | 23,994.25 | NAP |
42 | Loan | | 1 | 4975 Clark Howell Highway | Flex | 1975 | 2022 | 38,724 | SF | 85.61 | 3,315,000 | 3,315,000 | 3,315,000 | 6.86600% | 0.015340% | 6.850660% | NAP | 19,230.76 | NAP |
43 | Loan | | 1 | Taylors Square | Shadow Anchored | 2002 | NAP | 28,982 | SF | 112.14 | 3,250,000 | 3,250,000 | 3,250,000 | 6.90000% | 0.015340% | 6.884660% | NAP | 18,947.05 | NAP |
44 | Loan | 8 | 2 | East Coast Storage Portfolio | Self Storage | Various | Various | 39,530 | SF | 71.84 | 2,840,000 | 2,840,000 | 2,840,000 | 7.35000% | 0.015340% | 7.334660% | NAP | 17,636.60 | NAP |
44.01 | Property | | 1 | MMJ Self Storage | Self Storage | 2008 | 2022 | 29,530 | SF | | 2,410,000 | 2,410,000 | 2,410,000 | | | | | | |
44.02 | Property | | 1 | AAA Self Storage | Self Storage | 2005 | NAP | 10,000 | SF | | 430,000 | 430,000 | 430,000 | | | | | | |
45 | Loan | | 1 | Benton Crossing | Shadow Anchored | 2008 | NAP | 14,253 | SF | 192.94 | 2,750,000 | 2,750,000 | 2,750,000 | 6.50000% | 0.015340% | 6.484660% | NAP | 15,102.72 | NAP |
46 | Loan | 6, 10, 11, 23, I | 1 | Tysons Corner Center | Super Regional Mall | 1968 | 1989; 2005 | 1,793,638 | SF | 395.84 | 2,460,000 | 2,460,000 | 2,460,000 | 6.60060% | 0.016703% | 6.583898% | NAP | 13,719.16 | NAP |
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Annual Debt Service (IO) ($) | Amortization Type | ARD Loan (Yes / No) | Interest Accrual Method | Original Interest-Only Period (Mos.) | Remaining Interest-Only Period (Mos.) | Original Term To Maturity / ARD (Mos.) | Remaining Term To Maturity / ARD (Mos.) | Original Amortization Term (Mos.) | Remaining Amortization Term (Mos.) | Origination Date | Seasoning (Mos.) | Payment Due Date | First Payment Date | First P&I Payment Date | Maturity Date or Anticipated Repayment Date |
| | | | | | | | | | | | | | | | | | | | |
1 | Loan | 6, 7, 10, 21 | 1 | Kenwood Towne Centre | 4,450,668.00 | Interest Only | No | Actual/360 | 60 | 58 | 60 | 58 | 0 | 0 | 2/9/2024 | 2 | 1 | 4/1/2024 | NAP | 3/1/2029 |
2 | Loan | 8, 9 | 4 | Kleban Retail Portfolio | 5,017,553.64 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 4/3/2024 | 0 | 1 | 6/1/2024 | NAP | 5/1/2029 |
2.01 | Property | | 1 | Home Depot - Kenner | | | | | | | | | | | | | | | | |
2.02 | Property | | 1 | Altamira Shopping Village | | | | | | | | | | | | | | | | |
2.03 | Property | | 1 | Walmart - Mobile | | | | | | | | | | | | | | | | |
2.04 | Property | | 1 | Walgreens - Garden City | | | | | | | | | | | | | | | | |
3 | Loan | 6, A | 1 | Western Digital Milpitas Campus | 4,371,605.04 | Interest Only | No | Actual/360 | 60 | 57 | 60 | 57 | 0 | 0 | 2/9/2024 | 3 | 11 | 3/11/2024 | NAP | 2/11/2029 |
4 | Loan | 6, 10 | 1 | Jordan Creek Town Center | 4,341,675.00 | Interest Only | No | Actual/360 | 60 | 57 | 60 | 57 | 0 | 0 | 2/1/2024 | 3 | 1 | 3/1/2024 | NAP | 2/1/2029 |
5 | Loan | 6, 10 | 1 | Galleria at Tyler | 4,817,391.72 | Interest Only | No | Actual/360 | 60 | 56 | 60 | 56 | 0 | 0 | 12/13/2023 | 4 | 1 | 2/1/2024 | NAP | 1/1/2029 |
6 | Loan | 22, 24 | 1 | Aliz Hotel Times Square | 3,448,928.64 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 3/12/2024 | 1 | 1 | 5/1/2024 | NAP | 4/1/2029 |
7 | Loan | | 1 | Bethesda Marriott | 3,015,159.60 | Interest Only | No | Actual/360 | 60 | 57 | 60 | 57 | 0 | 0 | 1/24/2024 | 3 | 1 | 3/1/2024 | NAP | 2/1/2029 |
8 | Loan | 26 | 1 | The Vista | 2,568,094.32 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 4/1/2024 | 1 | 11 | 5/11/2024 | NAP | 4/11/2029 |
9 | Loan | 6 | 1 | Respara | 2,331,437.52 | Interest Only | No | Actual/360 | 60 | 57 | 60 | 57 | 0 | 0 | 2/6/2024 | 3 | 11 | 3/11/2024 | NAP | 2/11/2029 |
10 | Loan | B | 1 | Highland Village | 2,411,281.20 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 4/1/2024 | 1 | 1 | 5/1/2024 | NAP | 4/1/2029 |
11 | Loan | 14, 25, C | 1 | Hampton Inn & Suites National Harbor | 2,723,339.04 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 3/8/2024 | 1 | 1 | 5/1/2024 | NAP | 4/1/2029 |
12 | Loan | 8, 9, D | 2 | Victory Louisiana Real Estate Portfolio | 2,480,276.40 | Interest Only | No | Actual/360 | 60 | 58 | 60 | 58 | 0 | 0 | 2/16/2024 | 2 | 1 | 4/1/2024 | NAP | 3/1/2029 |
12.01 | Property | | 1 | Westgate Shopping Center | | | | | | | | | | | | | | | | |
12.02 | Property | | 1 | Airline Shopping Center | | | | | | | | | | | | | | | | |
13 | Loan | | 1 | Wilshire Colonnade | 2,502,561.72 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 4/3/2024 | 1 | 11 | 5/11/2024 | NAP | 4/11/2029 |
14 | Loan | | 1 | Drexel Terraces | 1,948,694.40 | Interest Only | No | Actual/360 | 60 | 58 | 60 | 58 | 0 | 0 | 2/29/2024 | 2 | 1 | 4/1/2024 | NAP | 3/1/2029 |
15 | Loan | 6, 10, 28 | 1 | Staten Island Mall | 2,291,591.64 | Interest Only | No | Actual/360 | 60 | 57 | 60 | 57 | 0 | 0 | 1/18/2024 | 3 | 1 | 3/1/2024 | NAP | 2/1/2029 |
16 | Loan | 6, 12, 20, 27 | 1 | Casa Cipriani | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 60 | 58 | 360 | 358 | 2/23/2024 | 2 | 6 | 4/6/2024 | 4/6/2024 | 3/6/2029 |
17 | Loan | 15 | 1 | Canyon Park West | 1,567,113.12 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 3/28/2024 | 1 | 11 | 5/11/2024 | NAP | 4/11/2029 |
18 | Loan | 6 | 1 | 11755 Wilshire | 1,317,487.80 | Interest Only | No | Actual/360 | 60 | 57 | 60 | 57 | 0 | 0 | 1/17/2024 | 3 | 11 | 3/11/2024 | NAP | 2/11/2029 |
19 | Loan | | 1 | Delray Corner | 1,349,374.56 | Interest Only | No | Actual/360 | 60 | 57 | 60 | 57 | 0 | 0 | 1/23/2024 | 3 | 1 | 3/1/2024 | NAP | 2/1/2029 |
20 | Loan | | 1 | 1575 Jersey Ave | 1,172,055.60 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 3/8/2024 | 1 | 1 | 5/1/2024 | NAP | 4/1/2029 |
21 | Loan | | 1 | Terrell Plaza | 1,169,723.64 | Interest Only | No | Actual/360 | 60 | 57 | 60 | 57 | 0 | 0 | 1/31/2024 | 3 | 1 | 3/1/2024 | NAP | 2/1/2029 |
22 | Loan | | 1 | Sherman Oaks First Plaza | 1,116,960.84 | Interest Only, Amortizing Balloon | No | Actual/360 | 24 | 21 | 60 | 57 | 360 | 360 | 2/8/2024 | 3 | 11 | 3/11/2024 | 3/11/2026 | 2/11/2029 |
23 | Loan | 16, E | 1 | Tahoma Vista | 834,658.68 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 4/1/2024 | 1 | 1 | 5/1/2024 | NAP | 4/1/2029 |
24 | Loan | | 1 | Greenbox II Self Storage | 788,389.92 | Interest Only | No | Actual/360 | 60 | 58 | 60 | 58 | 0 | 0 | 2/28/2024 | 2 | 11 | 4/11/2024 | NAP | 3/11/2029 |
25 | Loan | | 1 | Ponder Place | 618,493.68 | Interest Only | No | Actual/360 | 60 | 58 | 60 | 58 | 0 | 0 | 2/29/2024 | 2 | 1 | 4/1/2024 | NAP | 3/1/2029 |
26 | Loan | 8 | 2 | Oklahoma Texas Hotel Portfolio | 726,451.44 | Interest Only, Amortizing Balloon | No | Actual/360 | 24 | 23 | 60 | 59 | 360 | 360 | 3/20/2024 | 1 | 1 | 5/1/2024 | 5/1/2026 | 4/1/2029 |
26.01 | Property | | 1 | La Quinta Inn Brownwood | | | | | | | | | | | | | | | | |
26.02 | Property | | 1 | Hampton Inn Oklahoma City NE | | | | | | | | | | | | | | | | |
27 | Loan | F | 1 | Gateway Square Shopping Center | 659,851.56 | Interest Only | No | Actual/360 | 60 | 58 | 60 | 58 | 0 | 0 | 2/27/2024 | 2 | 1 | 4/1/2024 | NAP | 3/1/2029 |
28 | Loan | | 1 | Elm Street Plaza | 687,720.84 | Interest Only | No | Actual/360 | 60 | 58 | 60 | 58 | 0 | 0 | 2/15/2024 | 2 | 1 | 4/1/2024 | NAP | 3/1/2029 |
29 | Loan | | 1 | 927-933 Flatbush Avenue | 679,523.52 | Interest Only | No | Actual/360 | 60 | 58 | 60 | 58 | 0 | 0 | 2/29/2024 | 2 | 1 | 4/1/2024 | NAP | 3/1/2029 |
30 | Loan | | 1 | Northville Shopping Center Phase II | 592,760.04 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 3/8/2024 | 1 | 1 | 5/1/2024 | NAP | 4/1/2029 |
31 | Loan | 5 | 1 | US Storage Centers - La Crescenta, CA | 546,993.00 | Interest Only | No | Actual/360 | 60 | 57 | 60 | 57 | 0 | 0 | 1/12/2024 | 3 | 1 | 3/1/2024 | NAP | 2/1/2029 |
32 | Loan | 8, 9, G | 2 | Swifts MHC and Gulf to Bay MHC | 536,588.04 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 3/19/2024 | 1 | 1 | 5/1/2024 | NAP | 4/1/2029 |
32.01 | Property | | 1 | Swifts MHC | | | | | | | | | | | | | | | | |
32.02 | Property | | 1 | Gulf to Bay MHC | | | | | | | | | | | | | | | | |
33 | Loan | | 1 | Compass Point Medical Complex | 560,412.84 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 3/13/2024 | 1 | 1 | 5/1/2024 | NAP | 4/1/2029 |
34 | Loan | H | 1 | Superior Building | 482,114.28 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 4/1/2024 | 1 | 1 | 5/1/2024 | NAP | 4/1/2029 |
35 | Loan | 13, 17, 18 | 1 | 872 East 164th Street | 413,289.48 | Interest Only | No | Actual/360 | 60 | 58 | 60 | 58 | 0 | 0 | 2/15/2024 | 2 | 1 | 4/1/2024 | NAP | 3/1/2029 |
36 | Loan | | 1 | Walnut Grove MHC | 350,386.32 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 4/3/2024 | 0 | 1 | 6/1/2024 | NAP | 5/1/2029 |
37 | Loan | | 1 | Park Place Apartments | 410,609.76 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 4/3/2024 | 1 | 11 | 5/11/2024 | NAP | 4/11/2029 |
38 | Loan | 8, 9 | 2 | City Trailer Park and Stage Coach MHC | 315,319.44 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 4/3/2024 | 0 | 1 | 6/1/2024 | NAP | 5/1/2029 |
38.01 | Property | | 1 | Stage Coach MHC | | | | | | | | | | | | | | | | |
38.02 | Property | | 1 | City Trailer Park | | | | | | | | | | | | | | | | |
39 | Loan | | 1 | CityLine Milledgeville | 315,932.16 | Interest Only | No | Actual/360 | 60 | 57 | 60 | 57 | 0 | 0 | 1/23/2024 | 3 | 1 | 3/1/2024 | NAP | 2/1/2029 |
40 | Loan | | 1 | 1412 College Ave | 273,103.68 | Interest Only | No | Actual/360 | 60 | 55 | 60 | 55 | 0 | 0 | 11/7/2023 | 5 | 1 | 1/1/2024 | NAP | 12/1/2028 |
41 | Loan | 19 | 1 | Lexington Grand | 287,931.00 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 3/28/2024 | 1 | 11 | 5/11/2024 | NAP | 4/11/2029 |
42 | Loan | | 1 | 4975 Clark Howell Highway | 230,769.12 | Interest Only | No | Actual/360 | 60 | 58 | 60 | 58 | 0 | 0 | 2/20/2024 | 2 | 1 | 4/1/2024 | NAP | 3/1/2029 |
43 | Loan | | 1 | Taylors Square | 227,364.60 | Interest Only | No | Actual/360 | 60 | 58 | 60 | 58 | 0 | 0 | 2/2/2024 | 2 | 5 | 4/5/2024 | NAP | 3/5/2029 |
44 | Loan | 8 | 2 | East Coast Storage Portfolio | 211,639.20 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 4/4/2024 | 0 | 1 | 6/1/2024 | NAP | 5/1/2029 |
44.01 | Property | | 1 | MMJ Self Storage | | | | | | | | | | | | | | | | |
44.02 | Property | | 1 | AAA Self Storage | | | | | | | | | | | | | | | | |
45 | Loan | | 1 | Benton Crossing | 181,232.64 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 3/28/2024 | 1 | 5 | 5/5/2024 | NAP | 4/5/2029 |
46 | Loan | 6, 10, 11, 23, I | 1 | Tysons Corner Center | 164,629.92 | Interest Only | No | Actual/360 | 60 | 55 | 60 | 55 | 0 | 0 | 12/4/2023 | 5 | 6 | 1/6/2024 | NAP | 12/6/2028 |
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Final Maturity Date | Grace Period - Late Fee (Days) | Grace Period - Default (Days) | Prepayment Provision | Most Recent EGI ($) | Most Recent Expenses ($) | Most Recent NOI ($) | Most Recent NOI Date | Most Recent Description | Second Most Recent EGI ($) | Second Most Recent Expenses ($) | Second Most Recent NOI ($) | Second Most Recent NOI Date |
| | | | | | | | 9, 10, 11 | | | | | | | | | |
1 | Loan | 6, 7, 10, 21 | 1 | Kenwood Towne Centre | NAP | 0 | 0 | L(26),D(27),O(7) | 51,156,712 | 13,470,861 | 37,685,851 | 12/31/2023 | T-12 | 50,448,758 | 13,294,184 | 37,154,574 | 12/31/2022 |
2 | Loan | 8, 9 | 4 | Kleban Retail Portfolio | NAP | 0 | 0 | L(24),D(29),O(7) | 7,962,318 | 1,182,241 | 6,780,077 | 12/31/2023 | T-12 | 8,078,823 | 1,156,161 | 6,922,662 | 12/31/2022 |
2.01 | Property | | 1 | Home Depot - Kenner | | | | | 3,500,000 | 156,251 | 3,343,749 | 12/31/2023 | T-12 | 3,500,000 | 163,653 | 3,336,347 | 12/31/2022 |
2.02 | Property | | 1 | Altamira Shopping Village | | | | | 2,894,692 | 817,258 | 2,077,434 | 12/31/2023 | T-12 | 2,984,366 | 745,778 | 2,238,588 | 12/31/2022 |
2.03 | Property | | 1 | Walmart - Mobile | | | | | 1,091,626 | 184,931 | 906,695 | 12/31/2023 | T-12 | 1,118,457 | 221,114 | 897,343 | 12/31/2022 |
2.04 | Property | | 1 | Walgreens - Garden City | | | | | 476,000 | 23,800 | 452,200 | 12/31/2023 | T-12 | 476,000 | 25,616 | 450,384 | 12/31/2022 |
3 | Loan | 6, A | 1 | Western Digital Milpitas Campus | NAP | 0 | 0 | L(12),YM1(14),DorYM1(27),O(7) | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
4 | Loan | 6, 10 | 1 | Jordan Creek Town Center | NAP | 0 | 0 | L(27),D(29),O(4) | 38,499,461 | 14,452,236 | 24,047,225 | 12/31/2023 | T-12 | 34,880,800 | 13,031,356 | 21,849,444 | 12/31/2022 |
5 | Loan | 6, 10 | 1 | Galleria at Tyler | NAP | 0 | 0 | L(28),D(25),O(7) | 35,273,885 | 11,275,921 | 23,997,964 | 11/30/2023 | T-12 | 35,459,583 | 11,035,894 | 24,423,689 | 12/31/2022 |
6 | Loan | 22, 24 | 1 | Aliz Hotel Times Square | NAP | 0 | 0 | L(25),D(29),O(6) | 23,590,685 | 12,177,016 | 11,413,670 | 12/31/2023 | T-12 | 19,655,300 | 10,623,121 | 9,032,179 | 12/31/2022 |
7 | Loan | | 1 | Bethesda Marriott | NAP | 0 | 5 | L(27),D(26),O(7) | 22,089,012 | 16,329,630 | 5,759,382 | 12/31/2023 | T-12 | 18,059,841 | 14,263,818 | 3,796,024 | 12/31/2022 |
8 | Loan | 26 | 1 | The Vista | NAP | 0 | 0 | L(24),YM1(32),O(4) | 6,041,221 | 2,456,746 | 3,584,474 | 12/31/2023 | T-12 | 5,734,245 | 2,392,949 | 3,341,296 | 12/31/2022 |
9 | Loan | 6 | 1 | Respara | NAP | 0 | 0 | L(26),DorYM1(27),O(7) | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
10 | Loan | B | 1 | Highland Village | NAP | 5 | 5 | L(25),DorYM1(31),O(4) | 5,882,028 | 2,721,619 | 3,160,409 | 12/31/2023 | T-12 | 5,826,104 | 2,682,908 | 3,143,196 | 12/31/2022 |
11 | Loan | 14, 25, C | 1 | Hampton Inn & Suites National Harbor | NAP | 0 | 0 | L(25),YM1(30),O(5) | 10,128,161 | 5,554,298 | 4,573,863 | 1/31/2024 | T-12 | 10,040,638 | 5,491,293 | 4,549,345 | 12/31/2023 |
12 | Loan | 8, 9, D | 2 | Victory Louisiana Real Estate Portfolio | NAP | 0 | 5 | L(23),YM1(33),O(4) | 6,237,884 | 1,883,683 | 4,354,201 | 12/31/2023 | T-12 | 5,318,742 | 1,488,321 | 3,830,421 | 12/31/2022 |
12.01 | Property | | 1 | Westgate Shopping Center | | | | | 4,170,366 | 1,286,006 | 2,884,359 | 12/31/2023 | T-12 | 3,457,097 | 1,001,294 | 2,455,803 | 12/31/2022 |
12.02 | Property | | 1 | Airline Shopping Center | | | | | 2,067,518 | 597,676 | 1,469,842 | 12/31/2023 | T-12 | 1,861,645 | 487,027 | 1,374,618 | 12/31/2022 |
13 | Loan | | 1 | Wilshire Colonnade | NAP | 0 | 0 | L(24),D(32),O(4) | 9,852,041 | 5,445,040 | 4,407,001 | 12/31/2023 | T-12 | 10,292,792 | 5,276,584 | 5,016,208 | 12/31/2022 |
14 | Loan | | 1 | Drexel Terraces | NAP | 5 | 5 | L(26),D(29),O(5) | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
15 | Loan | 6, 10, 28 | 1 | Staten Island Mall | NAP | 0 | 0 | L(27),D(26),O(7) | 62,702,116 | 26,119,900 | 36,582,216 | 10/31/2023 | T-12 | 64,758,020 | 31,478,198 | 33,279,822 | 12/31/2022 |
16 | Loan | 6, 12, 20, 27 | 1 | Casa Cipriani | NAP | 0 | 0 | L(26),D(27),O(7) | 76,670,902 | 53,018,686 | 23,652,216 | 12/31/2023 | T-12 | 62,610,528 | 46,051,002 | 16,559,526 | 12/31/2022 |
17 | Loan | 15 | 1 | Canyon Park West | NAP | 0 | 0 | L(24),D(32),O(4) | 2,705,178 | 693,352 | 2,011,826 | 12/31/2023 | T-12 | 2,645,174 | 709,356 | 1,935,818 | 12/31/2022 |
18 | Loan | 6 | 1 | 11755 Wilshire | NAP | 0 | 0 | L(26),D(27),O(7) | 13,546,661 | 5,680,514 | 7,866,147 | 10/31/2023 | T-12 | 14,918,322 | 7,223,595 | 7,694,727 | 12/31/2022 |
19 | Loan | | 1 | Delray Corner | NAP | 0 | 5 | L(27),D(28),O(5) | 1,876,013 | 831,107 | 1,044,906 | 9/30/2023 | T-12 | 1,913,860 | 758,503 | 1,155,357 | 12/31/2022 |
20 | Loan | | 1 | 1575 Jersey Ave | NAP | 5 | 5 | L(25),D(28),O(7) | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
21 | Loan | | 1 | Terrell Plaza | NAP | 0 | 5 | L(27),D(26),O(7) | 2,836,969 | 846,183 | 1,990,787 | 11/30/2023 | T-3 Annualized | 2,761,348 | 1,067,370 | 1,693,978 | 12/31/2022 |
22 | Loan | | 1 | Sherman Oaks First Plaza | NAP | 0 | 0 | L(26),D(27),O(7) | 2,234,200 | 652,840 | 1,581,360 | 12/31/2023 | T-12 | 2,229,277 | 641,527 | 1,587,750 | 12/31/2022 |
23 | Loan | 16, E | 1 | Tahoma Vista | NAP | 0 | 5 | L(23),YM1(33),O(4) | 1,311,964 | 315,555 | 996,409 | 12/31/2023 | T-12 | 1,168,883 | 449,384 | 719,499 | 12/31/2022 |
24 | Loan | | 1 | Greenbox II Self Storage | NAP | 0 | 0 | L(25),D(31),O(4) | 1,770,121 | 614,091 | 1,156,029 | 12/31/2023 | T-12 | 1,792,617 | 564,687 | 1,227,930 | 12/31/2022 |
25 | Loan | | 1 | Ponder Place | NAP | 5 | 5 | L(26),D(30),O(4) | 1,269,791 | 415,375 | 854,416 | 12/31/2023 | T-3 Annualized | NAV | NAV | NAV | NAV |
26 | Loan | 8 | 2 | Oklahoma Texas Hotel Portfolio | NAP | 0 | 0 | L(25),D(28),O(7) | 4,220,761 | 2,281,997 | 1,938,765 | 12/31/2023 | T-12 | 4,102,379 | 2,393,384 | 1,708,995 | 12/31/2022 |
26.01 | Property | | 1 | La Quinta Inn Brownwood | | | | | 2,653,157 | 1,269,445 | 1,383,713 | 12/31/2023 | T-12 | 2,469,688 | 1,495,651 | 974,037 | 12/31/2022 |
26.02 | Property | | 1 | Hampton Inn Oklahoma City NE | | | | | 1,567,604 | 1,012,552 | 555,052 | 12/31/2023 | T-12 | 1,632,691 | 897,733 | 734,958 | 12/31/2022 |
27 | Loan | F | 1 | Gateway Square Shopping Center | NAP | 5 | 5 | L(26),YM1(27),O(7) | 2,767,139 | 902,475 | 1,864,664 | 12/31/2023 | T-12 | 2,533,144 | 778,190 | 1,754,953 | 12/31/2022 |
28 | Loan | | 1 | Elm Street Plaza | NAP | 5 | 5 | L(26),D(30),O(4) | 1,524,657 | 533,783 | 990,874 | 10/31/2023 | T-12 | 1,566,168 | 579,864 | 986,304 | 12/31/2022 |
29 | Loan | | 1 | 927-933 Flatbush Avenue | NAP | 5 | 5 | L(26),D(29),O(5) | 1,282,101 | 195,496 | 1,086,605 | 12/31/2023 | T-12 | 1,075,551 | 343,780 | 731,771 | 12/31/2022 |
30 | Loan | | 1 | Northville Shopping Center Phase II | NAP | 5 | 5 | L(25),D(28),O(7) | 1,428,584 | 534,405 | 894,179 | 12/31/2023 | T-12 | 1,225,939 | 517,100 | 708,839 | 12/31/2022 |
31 | Loan | 5 | 1 | US Storage Centers - La Crescenta, CA | NAP | 5 | 4 | L(27),D(26),O(7) | 2,309,692 | 588,957 | 1,720,735 | 11/30/2023 | T-12 | 2,220,461 | 555,965 | 1,664,496 | 12/31/2022 |
32 | Loan | 8, 9, G | 2 | Swifts MHC and Gulf to Bay MHC | NAP | 5 | 5 | L(23),YM1(30),O(7) | 1,101,313 | 483,864 | 617,449 | 2/29/2024 | T-12 | 1,087,057 | 508,237 | 578,820 | 12/31/2023 |
32.01 | Property | | 1 | Swifts MHC | | | | | 616,904 | 283,368 | 333,536 | 2/29/2024 | T-12 | 602,034 | 291,206 | 310,829 | 12/31/2023 |
32.02 | Property | | 1 | Gulf to Bay MHC | | | | | 484,409 | 200,496 | 283,913 | 2/29/2024 | T-12 | 485,022 | 217,031 | 267,991 | 12/31/2023 |
33 | Loan | | 1 | Compass Point Medical Complex | NAP | 0 | 0 | L(25),D(31),O(4) | 1,079,329 | 604,154 | 475,175 | 10/31/2023 | T-12 | 1,110,739 | 597,728 | 513,011 | 12/31/2022 |
34 | Loan | H | 1 | Superior Building | NAP | 5 | 4 | L(25),DorYM1(28),O(7) | 1,400,166 | 515,765 | 884,401 | 12/31/2023 | T-12 | 1,540,452 | 517,832 | 1,022,620 | 12/31/2022 |
35 | Loan | 13, 17, 18 | 1 | 872 East 164th Street | NAP | 0 | 5 | L(26),D(30),O(4) | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
36 | Loan | | 1 | Walnut Grove MHC | NAP | 5 | 5 | L(24),D(31),O(5) | 699,110 | 208,856 | 490,254 | 1/31/2024 | T-12 | 692,152 | 203,341 | 488,811 | 11/30/2023 |
37 | Loan | | 1 | Park Place Apartments | NAP | 0 | 0 | L(24),D(29),O(7) | 897,045 | 305,104 | 591,941 | 2/29/2024 | T-12 | 868,940 | 302,760 | 566,180 | 12/31/2023 |
38 | Loan | 8, 9 | 2 | City Trailer Park and Stage Coach MHC | NAP | 5 | 5 | L(24),D(31),O(5) | 594,173 | 138,773 | 455,400 | 1/31/2024 | T-12 | 584,372 | 136,279 | 448,093 | 11/30/2023 |
38.01 | Property | | 1 | Stage Coach MHC | | | | | 332,292 | 79,090 | 253,202 | 1/31/2024 | T-12 | 325,455 | 78,539 | 246,916 | 11/30/2023 |
38.02 | Property | | 1 | City Trailer Park | | | | | 261,881 | 59,683 | 202,198 | 1/31/2024 | T-12 | 258,917 | 57,740 | 201,177 | 11/30/2023 |
39 | Loan | | 1 | CityLine Milledgeville | NAP | 5 | 4 | L(27),D(26),O(7) | 669,412 | 379,325 | 290,087 | 11/30/2023 | T-12 | 620,041 | 376,002 | 244,039 | 12/31/2022 |
40 | Loan | | 1 | 1412 College Ave | NAP | 5 | 5 | L(29),D(27),O(4) | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
41 | Loan | 19 | 1 | Lexington Grand | NAP | 0 | 0 | L(24),D(29),O(7) | 535,144 | 241,274 | 293,870 | 2/29/2024 | T-12 | 517,827 | 255,366 | 262,461 | 12/31/2023 |
42 | Loan | | 1 | 4975 Clark Howell Highway | NAP | 5 | 4 | L(26),D(30),O(4) | 395,164 | 234,611 | 160,553 | 12/31/2023 | T-12 | NAV | NAV | NAV | NAV |
43 | Loan | | 1 | Taylors Square | NAP | 0 | 0 | L(26),D(30),O(4) | 490,780 | 92,621 | 398,158 | 12/31/2023 | T-12 | 509,001 | 86,576 | 422,424 | 12/31/2022 |
44 | Loan | 8 | 2 | East Coast Storage Portfolio | NAP | 0 | 5 | L(24),D(32),O(4) | 394,958 | 60,101 | 334,857 | 1/31/2024 | T-3 Annualized | 240,896 | 45,710 | 195,186 | 12/31/2023 |
44.01 | Property | | 1 | MMJ Self Storage | | | | | 318,819 | 44,069 | 274,750 | 1/31/2024 | T-3 Annualized | 240,896 | 45,710 | 195,186 | 12/31/2023 |
44.02 | Property | | 1 | AAA Self Storage | | | | | 76,139 | 16,032 | 60,107 | 1/31/2024 | T-3 Annualized | NAV | NAV | NAV | NAV |
45 | Loan | | 1 | Benton Crossing | NAP | 0 | 0 | L(25),D(31),O(4) | 492,072 | 142,327 | 349,745 | 12/31/2023 | T-12 | 478,662 | 126,375 | 352,287 | 12/31/2022 |
46 | Loan | 6, 10, 11, 23, I | 1 | Tysons Corner Center | NAP | 5 | 0 | L(28),YM1(1),DorYM1(24),O(7) | 129,617,825 | 44,086,503 | 85,531,322 | 9/30/2023 | T-12 | 127,448,218 | 42,843,235 | 84,604,983 | 12/31/2022 |
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Second Most Recent Description | Third Most Recent EGI ($) | Third Most Recent Expenses ($) | Third Most Recent NOI ($) | Third Most Recent NOI Date | Third Most Recent Description | Underwritten Economic Occupancy (%) | Underwritten EGI ($) | Underwritten Expenses ($) | Underwritten Net Operating Income ($) | Underwritten Replacement / FF&E Reserve ($) | Underwritten TI / LC ($) | Underwritten Net Cash Flow ($) | Underwritten NOI DSCR (x) |
| | | | | | | | | | | | | | | | | | 6, 8, 12, 13 |
1 | Loan | 6, 7, 10, 21 | 1 | Kenwood Towne Centre | T-12 | 46,624,468 | 12,851,993 | 33,772,475 | 12/31/2021 | T-12 | 92.8% | 50,721,444 | 12,770,752 | 37,950,692 | 206,628 | 1,604,875 | 36,139,189 | 2.30 |
2 | Loan | 8, 9 | 4 | Kleban Retail Portfolio | T-12 | 7,830,380 | 1,105,164 | 6,725,216 | 12/31/2021 | T-12 | 95.9% | 7,812,423 | 974,214 | 6,838,209 | 80,797 | 232,039 | 6,525,373 | 1.36 |
2.01 | Property | | 1 | Home Depot - Kenner | T-12 | 3,500,000 | 153,011 | 3,346,989 | 12/31/2021 | T-12 | 97.0% | 3,395,000 | 125,442 | 3,269,558 | 26,178 | 0 | 3,243,380 | |
2.02 | Property | | 1 | Altamira Shopping Village | T-12 | 2,770,505 | 757,875 | 2,012,630 | 12/31/2021 | T-12 | 95.0% | 2,955,424 | 789,715 | 2,165,709 | 22,422 | 164,761 | 1,978,526 | |
2.03 | Property | | 1 | Walmart - Mobile | T-12 | 1,083,875 | 170,479 | 913,396 | 12/31/2021 | T-12 | 95.0% | 1,009,799 | 45,491 | 964,308 | 30,013 | 46,530 | 887,765 | |
2.04 | Property | | 1 | Walgreens - Garden City | T-12 | 476,000 | 23,800 | 452,200 | 12/31/2021 | T-12 | 95.0% | 452,200 | 13,566 | 438,634 | 2,184 | 20,748 | 415,702 | |
3 | Loan | 6, A | 1 | Western Digital Milpitas Campus | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 19,594,476 | 4,495,012 | 15,099,464 | 57,796 | 809,839 | 14,231,829 | 1.73 |
4 | Loan | 6, 10 | 1 | Jordan Creek Town Center | T-12 | 31,769,738 | 13,191,313 | 18,578,424 | 12/31/2021 | T-12 | 98.0% | 39,618,452 | 15,095,846 | 24,522,606 | 263,211 | 940,038 | 23,319,357 | 2.03 |
5 | Loan | 6, 10 | 1 | Galleria at Tyler | T-12 | 30,204,741 | 10,695,470 | 19,509,271 | 12/31/2021 | T-12 | 87.9% | 36,420,340 | 11,434,747 | 24,985,593 | 209,388 | 1,131,826 | 23,644,379 | 2.07 |
6 | Loan | 22, 24 | 1 | Aliz Hotel Times Square | T-12 | 8,875,093 | 7,110,253 | 1,764,840 | 12/31/2021 | T-12 | 81.2% | 23,590,685 | 12,381,306 | 11,209,379 | 943,627 | 0 | 10,265,752 | 3.25 |
7 | Loan | | 1 | Bethesda Marriott | T-12 | 7,664,551 | 9,151,041 | (1,486,490) | 12/31/2021 | T-12 | 55.6% | 22,089,012 | 16,456,040 | 5,632,972 | 1,104,451 | 0 | 4,528,521 | 1.87 |
8 | Loan | 26 | 1 | The Vista | T-12 | 4,873,291 | 2,245,209 | 2,628,082 | 12/31/2021 | T-12 | 86.6% | 6,144,545 | 2,504,654 | 3,639,891 | 92,369 | 0 | 3,547,522 | 1.42 |
9 | Loan | 6 | 1 | Respara | NAV | NAV | NAV | NAV | NAV | NAV | 94.9% | 6,722,232 | 1,803,306 | 4,918,926 | 13,500 | 0 | 4,905,426 | 1.25 |
10 | Loan | B | 1 | Highland Village | T-12 | 4,726,913 | 2,399,942 | 2,326,971 | 12/31/2021 | T-12 | 89.0% | 6,675,758 | 2,774,569 | 3,901,189 | 32,247 | 137,645 | 3,731,297 | 1.62 |
11 | Loan | 14, 25, C | 1 | Hampton Inn & Suites National Harbor | T-12 | 7,857,258 | 4,725,581 | 3,131,676 | 12/31/2022 | T-12 | 78.9% | 10,128,161 | 5,424,375 | 4,703,785 | 405,126 | 0 | 4,298,659 | 1.73 |
12 | Loan | 8, 9, D | 2 | Victory Louisiana Real Estate Portfolio | T-12 | 5,431,362 | 1,279,634 | 4,151,728 | 12/31/2021 | T-12 | 95.0% | 6,377,851 | 2,127,840 | 4,250,011 | 43,738 | 281,677 | 3,924,595 | 1.71 |
12.01 | Property | | 1 | Westgate Shopping Center | T-12 | 3,612,837 | 872,180 | 2,740,657 | 12/31/2021 | T-12 | 95.0% | 4,295,205 | 1,456,634 | 2,838,571 | 31,287 | 195,448 | 2,611,836 | |
12.02 | Property | | 1 | Airline Shopping Center | T-12 | 1,818,525 | 407,454 | 1,411,071 | 12/31/2021 | T-12 | 95.0% | 2,082,646 | 671,206 | 1,411,440 | 12,451 | 86,229 | 1,312,760 | |
13 | Loan | | 1 | Wilshire Colonnade | T-12 | 10,562,855 | 5,161,150 | 5,401,705 | 12/31/2021 | T-12 | 78.4% | 9,669,775 | 5,434,202 | 4,235,573 | 73,891 | 404,181 | 3,757,501 | 1.69 |
14 | Loan | | 1 | Drexel Terraces | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 3,214,629 | 673,075 | 2,541,554 | 29,000 | 0 | 2,512,554 | 1.30 |
15 | Loan | 6, 10, 28 | 1 | Staten Island Mall | T-12 | 56,053,376 | 32,087,459 | 23,965,918 | 12/31/2021 | T-12 | 87.5% | 63,861,272 | 30,795,311 | 33,065,961 | 199,180 | 995,900 | 31,870,881 | 2.16 |
16 | Loan | 6, 12, 20, 27 | 1 | Casa Cipriani | T-12 | 19,895,595 | 19,620,191 | 275,404 | 12/31/2021 | T-12 | 65.0% | 76,670,902 | 54,048,705 | 22,622,197 | 2,526,674 | 0 | 20,095,523 | 2.68 |
17 | Loan | 15 | 1 | Canyon Park West | T-12 | 2,686,299 | 748,101 | 1,938,198 | 12/31/2021 | T-12 | 95.0% | 2,946,367 | 723,152 | 2,223,216 | 30,465 | 114,245 | 2,078,506 | 1.42 |
18 | Loan | 6 | 1 | 11755 Wilshire | T-12 | 14,215,892 | 6,714,245 | 7,501,648 | 12/31/2021 | T-12 | 62.4% | 15,346,002 | 5,452,684 | 9,893,318 | 67,488 | 843,600 | 8,982,230 | 1.98 |
19 | Loan | | 1 | Delray Corner | T-12 | 1,918,143 | 701,447 | 1,216,696 | 12/31/2021 | T-12 | 95.5% | 2,872,588 | 914,256 | 1,958,332 | 35,722 | 101,602 | 1,821,007 | 1.45 |
20 | Loan | | 1 | 1575 Jersey Ave | NAV | NAV | NAV | NAV | NAV | NAV | 92.2% | 2,153,952 | 422,523 | 1,731,429 | 12,913 | 83,460 | 1,635,056 | 1.48 |
21 | Loan | | 1 | Terrell Plaza | T-12 | 2,769,846 | 1,010,319 | 1,759,527 | 12/31/2021 | T-12 | 94.7% | 3,140,456 | 1,075,692 | 2,064,764 | 16,183 | 167,513 | 1,881,068 | 1.77 |
22 | Loan | | 1 | Sherman Oaks First Plaza | T-12 | 2,222,428 | 543,192 | 1,679,236 | 12/31/2021 | T-12 | 86.4% | 2,415,953 | 645,126 | 1,770,827 | 12,771 | 6,242 | 1,751,814 | 1.45 |
23 | Loan | 16, E | 1 | Tahoma Vista | T-12 | 1,131,481 | 360,298 | 771,184 | 12/31/2021 | T-12 | 95.0% | 1,689,277 | 474,078 | 1,215,199 | 16,034 | 96,204 | 1,102,961 | 1.46 |
24 | Loan | | 1 | Greenbox II Self Storage | T-12 | 1,698,957 | 598,781 | 1,100,175 | 12/31/2021 | T-12 | 84.3% | 1,770,120 | 702,617 | 1,067,503 | 21,981 | 0 | 1,045,522 | 1.35 |
25 | Loan | | 1 | Ponder Place | NAV | NAV | NAV | NAV | NAV | NAV | 94.9% | 1,235,136 | 420,844 | 814,292 | 20,500 | 0 | 793,792 | 1.32 |
26 | Loan | 8 | 2 | Oklahoma Texas Hotel Portfolio | T-12 | 3,371,165 | 2,118,531 | 1,252,634 | 12/31/2021 | T-12 | 73.5% | 4,220,761 | 2,395,351 | 1,825,410 | 168,830 | 0 | 1,656,580 | 2.25 |
26.01 | Property | | 1 | La Quinta Inn Brownwood | T-12 | 1,966,099 | 1,063,308 | 902,791 | 12/31/2021 | T-12 | 82.1% | 2,653,157 | 1,297,838 | 1,355,319 | 106,126 | 0 | 1,249,193 | |
26.02 | Property | | 1 | Hampton Inn Oklahoma City NE | T-12 | 1,405,066 | 1,055,223 | 349,843 | 12/31/2021 | T-12 | 65.0% | 1,567,604 | 1,097,513 | 470,091 | 62,704 | 0 | 407,387 | |
27 | Loan | F | 1 | Gateway Square Shopping Center | T-12 | 2,393,197 | 774,495 | 1,618,702 | 12/31/2021 | T-12 | 89.2% | 2,974,986 | 907,985 | 2,067,001 | 17,466 | 174,656 | 1,874,879 | 3.13 |
28 | Loan | | 1 | Elm Street Plaza | T-12 | 1,488,926 | 556,027 | 932,899 | 12/31/2021 | T-12 | 95.0% | 1,565,824 | 595,059 | 970,765 | 9,142 | 62,623 | 899,000 | 1.41 |
29 | Loan | | 1 | 927-933 Flatbush Avenue | T-12 | 1,066,990 | 332,343 | 734,647 | 12/31/2021 | T-12 | 95.0% | 1,318,129 | 348,535 | 969,594 | 6,765 | 57,728 | 905,101 | 1.43 |
30 | Loan | | 1 | Northville Shopping Center Phase II | T-12 | 1,031,708 | 454,933 | 576,775 | 12/31/2021 | T-12 | 95.0% | 1,516,426 | 581,955 | 934,471 | 9,929 | 55,505 | 869,037 | 1.58 |
31 | Loan | 5 | 1 | US Storage Centers - La Crescenta, CA | T-12 | 2,054,716 | 517,031 | 1,537,685 | 12/31/2021 | T-12 | 86.9% | 2,276,737 | 527,564 | 1,749,173 | 21,206 | 0 | 1,727,967 | 3.20 |
32 | Loan | 8, 9, G | 2 | Swifts MHC and Gulf to Bay MHC | T-12 | 885,785 | 550,008 | 335,777 | 12/31/2022 | T-12 | 92.2% | 1,250,155 | 537,921 | 712,234 | 9,856 | 0 | 702,378 | 1.33 |
32.01 | Property | | 1 | Swifts MHC | T-12 | 462,996 | 259,011 | 203,986 | 12/31/2022 | T-12 | 94.1% | 678,577 | 296,968 | 381,609 | 4,750 | 0 | 376,859 | |
32.02 | Property | | 1 | Gulf to Bay MHC | T-12 | 422,788 | 290,997 | 131,791 | 12/31/2022 | T-12 | 90.0% | 571,578 | 240,953 | 330,625 | 5,106 | 0 | 325,519 | |
33 | Loan | | 1 | Compass Point Medical Complex | T-12 | 1,191,778 | 633,483 | 558,295 | 12/31/2021 | T-12 | 95.0% | 1,490,108 | 597,330 | 892,778 | 13,013 | 71,627 | 808,139 | 1.59 |
34 | Loan | H | 1 | Superior Building | T-12 | 1,445,513 | 474,765 | 970,748 | 12/31/2021 | T-12 | 92.3% | 1,563,882 | 514,241 | 1,049,641 | 10,926 | 61,942 | 976,773 | 2.18 |
35 | Loan | 13, 17, 18 | 1 | 872 East 164th Street | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 692,938 | 119,504 | 573,433 | 4,500 | 0 | 568,933 | 1.39 |
36 | Loan | | 1 | Walnut Grove MHC | T-12 | 630,916 | 182,083 | 448,833 | 12/31/2022 | T-12 | 95.0% | 686,917 | 228,578 | 458,339 | 2,800 | 0 | 455,539 | 1.31 |
37 | Loan | | 1 | Park Place Apartments | T-12 | 829,367 | 288,367 | 541,000 | 12/31/2022 | T-12 | 95.0% | 902,509 | 327,167 | 575,342 | 21,500 | 0 | 553,842 | 1.40 |
38 | Loan | 8, 9 | 2 | City Trailer Park and Stage Coach MHC | T-12 | 552,664 | 131,698 | 420,967 | 12/31/2022 | T-12 | 95.2% | 582,769 | 169,174 | 413,595 | 3,200 | 0 | 410,395 | 1.31 |
38.01 | Property | | 1 | Stage Coach MHC | T-12 | 307,875 | 83,639 | 224,235 | 12/31/2022 | T-12 | 96.4% | 331,472 | 94,167 | 237,305 | 1,900 | 0 | 235,405 | |
38.02 | Property | | 1 | City Trailer Park | T-12 | 244,790 | 48,058 | 196,732 | 12/31/2022 | T-12 | 93.7% | 251,296 | 75,006 | 176,290 | 1,300 | 0 | 174,990 | |
39 | Loan | | 1 | CityLine Milledgeville | T-12 | 572,193 | 335,368 | 236,825 | 12/31/2021 | T-12 | 78.4% | 667,605 | 218,078 | 449,527 | 11,330 | 0 | 438,197 | 1.42 |
40 | Loan | | 1 | 1412 College Ave | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 503,846 | 82,187 | 421,658 | 4,000 | 0 | 417,658 | 1.54 |
41 | Loan | 19 | 1 | Lexington Grand | T-12 | NAV | NAV | NAV | NAV | NAV | 95.0% | 600,736 | 217,460 | 383,276 | 16,000 | 0 | 367,276 | 1.33 |
42 | Loan | | 1 | 4975 Clark Howell Highway | NAV | NAV | NAV | NAV | NAV | NAV | 90.2% | 515,152 | 101,762 | 413,390 | 5,809 | 18,752 | 388,830 | 1.79 |
43 | Loan | | 1 | Taylors Square | T-12 | 516,603 | 81,297 | 435,307 | 12/31/2021 | T-12 | 95.0% | 502,255 | 89,085 | 413,169 | 5,055 | 25,837 | 382,277 | 1.82 |
44 | Loan | 8 | 2 | East Coast Storage Portfolio | T-12 | 171,957 | 36,352 | 135,605 | 12/31/2022 | T-12 | 91.2% | 396,833 | 114,769 | 282,064 | 5,930 | 0 | 276,134 | 1.33 |
44.01 | Property | | 1 | MMJ Self Storage | T-12 | 171,957 | 36,352 | 135,605 | 12/31/2022 | T-12 | 92.0% | 323,701 | 85,082 | 238,619 | 4,430 | 0 | 234,189 | |
44.02 | Property | | 1 | AAA Self Storage | NAV | NAV | NAV | NAV | NAV | NAV | 88.0% | 73,132 | 29,687 | 43,445 | 1,500 | 0 | 41,945 | |
45 | Loan | | 1 | Benton Crossing | T-12 | 551,041 | 158,369 | 392,672 | 12/31/2021 | T-12 | 95.0% | 556,972 | 147,207 | 409,765 | 2,851 | 28,369 | 378,546 | 2.26 |
46 | Loan | 6, 10, 11, 23, I | 1 | Tysons Corner Center | T-12 | 126,677,910 | 43,141,634 | 83,536,276 | 12/31/2021 | T-12 | 92.2% | 140,618,916 | 43,516,369 | 97,102,547 | 358,728 | 1,793,638 | 94,950,181 | 2.04 |
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Underwritten NCF DSCR (x) | Underwritten NOI Debt Yield (%) | Underwritten NCF Debt Yield (%) | Appraised Value ($) | Appraised Value Type | Appraisal Date | Cut-off Date LTV Ratio (%) | LTV Ratio at Maturity / ARD (%) | Leased Occupancy (%) | Occupancy Date | Single Tenant (Y/N) |
| | | | | 6, 8, 12, 13 | 6, 8, 12, 13 | 6, 8, 12, 13 | 14, 15, 16, 17, 18 | 14, 15, 16, 17, 18 | | 6, 8, 19 | 6, 8, 19 | 2, 20 | | |
1 | Loan | 6, 7, 10, 21 | 1 | Kenwood Towne Centre | 2.19 | 14.6% | 13.9% | 571,200,000 | As Is | 1/23/2024 | 45.5% | 45.5% | 95.2% | 12/31/2023 | No |
2 | Loan | 8, 9 | 4 | Kleban Retail Portfolio | 1.30 | 9.8% | 9.3% | 106,450,000 | As Is | Various | 65.6% | 65.6% | 100.0% | Various | |
2.01 | Property | | 1 | Home Depot - Kenner | | | | 53,800,000 | As Is | 3/27/2024 | | | 100.0% | 5/1/2024 | Yes |
2.02 | Property | | 1 | Altamira Shopping Village | | | | 30,200,000 | As Is | 4/1/2024 | | | 100.0% | 1/1/2024 | No |
2.03 | Property | | 1 | Walmart - Mobile | | | | 15,700,000 | As Is | 3/26/2024 | | | 100.0% | 5/1/2024 | Yes |
2.04 | Property | | 1 | Walgreens - Garden City | | | | 6,750,000 | As Is | 3/25/2024 | | | 100.0% | 5/1/2024 | Yes |
3 | Loan | 6, A | 1 | Western Digital Milpitas Campus | 1.63 | 12.0% | 11.3% | 197,000,000 | As Is | 9/5/2023 | 64.0% | 64.0% | 100.0% | 5/11/2024 | Yes |
4 | Loan | 6, 10 | 1 | Jordan Creek Town Center | 1.93 | 14.4% | 13.7% | 321,000,000 | As Is | 12/1/2023 | 53.0% | 53.0% | 97.1% | 12/31/2023 | No |
5 | Loan | 6, 10 | 1 | Galleria at Tyler | 1.96 | 16.7% | 15.8% | 300,000,000 | As Is | 10/12/2023 | 50.0% | 50.0% | 90.3% | 12/18/2023 | No |
6 | Loan | 22, 24 | 1 | Aliz Hotel Times Square | 2.98 | 22.5% | 20.6% | 143,000,000 | As Is | 12/11/2023 | 34.9% | 34.9% | 81.2% | 12/31/2023 | NAP |
7 | Loan | | 1 | Bethesda Marriott | 1.50 | 14.2% | 11.4% | 78,000,000 | As Is | 12/1/2023 | 51.0% | 51.0% | 55.6% | 12/31/2023 | NAP |
8 | Loan | 26 | 1 | The Vista | 1.38 | 9.5% | 9.2% | 59,500,000 | As Is | 1/31/2024 | 64.7% | 64.7% | 88.1% | 3/20/2024 | NAP |
9 | Loan | 6 | 1 | Respara | 1.25 | 8.0% | 8.0% | 93,000,000 | As Is | 1/5/2024 | 66.1% | 66.1% | 96.3% | 2/1/2024 | NAP |
10 | Loan | B | 1 | Highland Village | 1.55 | 11.1% | 10.7% | 56,300,000 | As Is | 3/8/2024 | 62.2% | 62.2% | 88.8% | 3/23/2024 | No |
11 | Loan | 14, 25, C | 1 | Hampton Inn & Suites National Harbor | 1.58 | 13.7% | 12.5% | 49,000,000 | As If PIP Escrowed | 12/19/2023 | 70.0% | 70.0% | 78.9% | 1/31/2024 | NAP |
12 | Loan | 8, 9, D | 2 | Victory Louisiana Real Estate Portfolio | 1.58 | 12.5% | 11.5% | 63,800,000 | As Is | 12/18/2023 | 53.3% | 53.3% | 100.0% | 1/23/2024 | |
12.01 | Property | | 1 | Westgate Shopping Center | | | | 44,400,000 | As Is | 12/18/2023 | | | 100.0% | 1/23/2024 | No |
12.02 | Property | | 1 | Airline Shopping Center | | | | 19,400,000 | As Is | 12/18/2023 | | | 100.0% | 1/23/2024 | No |
13 | Loan | | 1 | Wilshire Colonnade | 1.50 | 12.6% | 11.2% | 61,000,000 | As Is | 11/16/2023 | 54.9% | 54.9% | 78.2% | 3/18/2024 | No |
14 | Loan | | 1 | Drexel Terraces | 1.29 | 8.2% | 8.1% | 50,200,000 | As Is | 1/30/2024 | 61.8% | 61.8% | 100.0% | 1/24/2024 | NAP |
15 | Loan | 6, 10, 28 | 1 | Staten Island Mall | 2.09 | 16.5% | 15.9% | 467,000,000 | As Is | 8/22/2023 | 42.8% | 42.8% | 87.3% | 11/30/2023 | No |
16 | Loan | 6, 12, 20, 27 | 1 | Casa Cipriani | 2.38 | 22.0% | 19.5% | 206,000,000 | As Is | 8/10/2023 | 49.9% | 47.6% | 65.0% | 12/31/2023 | NAP |
17 | Loan | 15 | 1 | Canyon Park West | 1.33 | 9.2% | 8.6% | 35,900,000 | Market Value Hypothetical With Reserve | 2/13/2024 | 67.0% | 67.0% | 100.0% | 3/18/2024 | No |
18 | Loan | 6 | 1 | 11755 Wilshire | 1.80 | 14.1% | 12.8% | 164,000,000 | As Is | 12/1/2023 | 42.7% | 42.7% | 62.9% | 1/9/2024 | No |
19 | Loan | | 1 | Delray Corner | 1.35 | 10.6% | 9.8% | 27,400,000 | As Is | 11/29/2023 | 67.5% | 67.5% | 97.7% | 10/31/2023 | No |
20 | Loan | | 1 | 1575 Jersey Ave | 1.40 | 10.2% | 9.6% | 29,100,000 | As Is | 2/1/2024 | 58.4% | 58.4% | 92.9% | 1/1/2024 | No |
21 | Loan | | 1 | Terrell Plaza | 1.61 | 12.4% | 11.3% | 26,800,000 | As Is | 12/15/2023 | 61.9% | 61.9% | 95.8% | 12/15/2023 | No |
22 | Loan | | 1 | Sherman Oaks First Plaza | 1.44 | 12.6% | 12.5% | 30,000,000 | As Is | 9/26/2023 | 46.7% | 45.6% | 82.6% | 4/1/2024 | No |
23 | Loan | 16, E | 1 | Tahoma Vista | 1.32 | 11.0% | 10.0% | 17,590,000 | As Is Assuming Extraordinary Assumption | 2/22/2024 | 62.8% | 62.8% | 100.0% | 3/20/2024 | No |
24 | Loan | | 1 | Greenbox II Self Storage | 1.33 | 9.7% | 9.5% | 20,100,000 | As Is | 1/11/2024 | 54.7% | 54.7% | 79.1% | 12/31/2023 | NAP |
25 | Loan | | 1 | Ponder Place | 1.28 | 8.0% | 7.8% | 15,100,000 | As Is | 12/8/2023 | 67.5% | 67.5% | 97.6% | 2/13/2024 | NAP |
26 | Loan | 8 | 2 | Oklahoma Texas Hotel Portfolio | 2.04 | 18.3% | 16.6% | 16,200,000 | As Is | Various | 61.7% | 60.0% | 73.5% | 12/31/2023 | |
26.01 | Property | | 1 | La Quinta Inn Brownwood | | | | 9,400,000 | As Is | 1/18/2024 | | | 82.1% | 12/31/2023 | NAP |
26.02 | Property | | 1 | Hampton Inn Oklahoma City NE | | | | 6,800,000 | As Is | 1/17/2024 | | | 65.0% | 12/31/2023 | NAP |
27 | Loan | F | 1 | Gateway Square Shopping Center | 2.84 | 21.2% | 19.2% | 32,300,000 | As Is | 1/11/2024 | 30.2% | 30.2% | 89.9% | 1/30/2024 | No |
28 | Loan | | 1 | Elm Street Plaza | 1.31 | 10.2% | 9.5% | 15,800,000 | As Is | 9/5/2023 | 60.1% | 60.1% | 100.0% | 11/1/2023 | No |
29 | Loan | | 1 | 927-933 Flatbush Avenue | 1.33 | 10.7% | 9.9% | 14,300,000 | As Is | 1/5/2024 | 63.6% | 63.6% | 100.0% | 1/1/2024 | No |
30 | Loan | | 1 | Northville Shopping Center Phase II | 1.47 | 10.7% | 10.0% | 13,100,000 | As Is | 2/7/2024 | 66.4% | 66.4% | 96.1% | 2/23/2024 | No |
31 | Loan | 5 | 1 | US Storage Centers - La Crescenta, CA | 3.16 | 21.1% | 20.8% | 28,850,000 | As Is | 11/14/2023 | 28.8% | 28.8% | 89.3% | 11/30/2023; 1/1/2024 | No |
32 | Loan | 8, 9, G | 2 | Swifts MHC and Gulf to Bay MHC | 1.31 | 8.6% | 8.5% | 14,000,000 | As Is | 1/5/2024 | 58.9% | 58.9% | 92.3% | 2/1/2024 | |
32.01 | Property | | 1 | Swifts MHC | | | | 7,100,000 | As Is | 1/5/2024 | | | 94.3% | 2/1/2024 | NAP |
32.02 | Property | | 1 | Gulf to Bay MHC | | | | 6,900,000 | As Is | 1/5/2024 | | | 89.9% | 2/1/2024 | NAP |
33 | Loan | | 1 | Compass Point Medical Complex | 1.44 | 12.1% | 11.0% | 10,900,000 | As Is | 11/14/2023 | 67.5% | 67.5% | 96.0% | 11/1/2023 | No |
34 | Loan | H | 1 | Superior Building | 2.03 | 15.0% | 14.0% | 16,200,000 | As Is | 2/29/2024 | 43.2% | 43.2% | 90.4% | 2/29/2024 | No |
35 | Loan | 13, 17, 18 | 1 | 872 East 164th Street | 1.38 | 9.5% | 9.4% | 9,800,000 | As Stabilized | 1/1/2024 | 61.5% | 61.5% | 88.9% | 2/2/2024 | NAP |
36 | Loan | | 1 | Walnut Grove MHC | 1.30 | 8.2% | 8.2% | 8,400,000 | As Is | 2/16/2024 | 66.3% | 66.3% | 94.2% | 3/31/2024 | NAP |
37 | Loan | | 1 | Park Place Apartments | 1.35 | 11.0% | 10.5% | 9,040,000 | As Is | 11/28/2023 | 58.1% | 58.1% | 100.0% | 3/12/2024 | NAP |
38 | Loan | 8, 9 | 2 | City Trailer Park and Stage Coach MHC | 1.30 | 8.3% | 8.2% | 7,400,000 | As Is | 2/16/2024 | 67.6% | 67.6% | 95.5% | 3/31/2024 | |
38.01 | Property | | 1 | Stage Coach MHC | | | | 4,400,000 | As Is | 2/16/2024 | | | 96.7% | 3/31/2024 | NAP |
38.02 | Property | | 1 | City Trailer Park | | | | 3,000,000 | As Is | 2/16/2024 | | | 92.9% | 3/31/2024 | NAP |
39 | Loan | | 1 | CityLine Milledgeville | 1.39 | 9.9% | 9.6% | 6,780,000 | As Is | 11/27/2023 | 67.0% | 67.0% | 85.2% | 12/31/2023 | NAP |
40 | Loan | | 1 | 1412 College Ave | 1.53 | 10.2% | 10.1% | 6,650,000 | As Is | 3/15/2024 | 62.0% | 62.0% | 100.0% | 11/1/2023 | NAP |
41 | Loan | 19 | 1 | Lexington Grand | 1.28 | 9.4% | 9.0% | 6,575,000 | As Is | 1/18/2024 | 62.0% | 62.0% | 96.9% | 2/29/2024 | NAP |
42 | Loan | | 1 | 4975 Clark Howell Highway | 1.68 | 12.5% | 11.7% | 5,100,000 | As Is | 2/1/2024 | 65.0% | 65.0% | 90.1% | 2/8/2024 | No |
43 | Loan | | 1 | Taylors Square | 1.68 | 12.7% | 11.8% | 5,600,000 | As Is | 12/22/2023 | 58.0% | 58.0% | 100.0% | 10/1/2023 | No |
44 | Loan | 8 | 2 | East Coast Storage Portfolio | 1.30 | 9.9% | 9.7% | 4,370,000 | As Is | Various | 65.0% | 65.0% | 99.5% | 3/11/2024 | |
44.01 | Property | | 1 | MMJ Self Storage | | | | 3,500,000 | As Is | 2/13/2024 | | | 99.3% | 3/11/2024 | NAP |
44.02 | Property | | 1 | AAA Self Storage | | | | 870,000 | As Is | 2/21/2024 | | | 100.0% | 3/11/2024 | NAP |
45 | Loan | | 1 | Benton Crossing | 2.09 | 14.9% | 13.8% | 5,060,000 | As Is | 2/29/2024 | 54.3% | 54.3% | 100.0% | 1/31/2024 | No |
46 | Loan | 6, 10, 11, 23, I | 1 | Tysons Corner Center | 2.00 | 13.7% | 13.4% | 1,800,000,000 | As Is | 10/5/2023 | 39.4% | 39.4% | 95.4% | 11/1/2023 | No |
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Largest Tenant | Largest Tenant SF | Largest Tenant % of NRA | Largest Tenant Lease Expiration Date | Second Largest Tenant | Second Largest Tenant SF | Second Largest Tenant % of NRA | Second Largest Tenant Lease Expiration Date |
| | | | | 21 | | | 4 | | | | 4 |
1 | Loan | 6, 7, 10, 21 | 1 | Kenwood Towne Centre | Macy's | 262,829 | 25.4% | 9/10/2028 | Dillard's | 240,656 | 23.3% | 1/31/2029 |
2 | Loan | 8, 9 | 4 | Kleban Retail Portfolio | | | | | | | | |
2.01 | Property | | 1 | Home Depot - Kenner | Home Depot | 174,522 | 100.0% | 5/31/2032 | NAP | NAP | NAP | NAP |
2.02 | Property | | 1 | Altamira Shopping Village | BJ's | 86,280 | 57.7% | 10/31/2033 | LA Fitness | 45,000 | 30.1% | 4/30/2030 |
2.03 | Property | | 1 | Walmart - Mobile | Walmart | 200,084 | 100.0% | 7/31/2028 | NAP | NAP | NAP | NAP |
2.04 | Property | | 1 | Walgreens - Garden City | Walgreens | 14,560 | 100.0% | 6/30/2029 | NAP | NAP | NAP | NAP |
3 | Loan | 6, A | 1 | Western Digital Milpitas Campus | Western Digital Technologies, Inc. | 577,956 | 100.0% | 1/1/2039 | NAP | NAP | NAP | NAP |
4 | Loan | 6, 10 | 1 | Jordan Creek Town Center | Von Maur | 152,000 | 16.2% | 1/31/2043 | Scheels | 122,025 | 13.0% | 7/31/2029 |
5 | Loan | 6, 10 | 1 | Galleria at Tyler | AMC | 70,000 | 12.4% | 12/31/2028 | Barnes & Noble | 25,000 | 4.4% | 1/31/2029 |
6 | Loan | 22, 24 | 1 | Aliz Hotel Times Square | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
7 | Loan | | 1 | Bethesda Marriott | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
8 | Loan | 26 | 1 | The Vista | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
9 | Loan | 6 | 1 | Respara | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10 | Loan | B | 1 | Highland Village | Whole Foods Market | 30,050 | 14.0% | 2/28/2034 | Maison Weiss | 11,710 | 5.4% | 7/31/2026 |
11 | Loan | 14, 25, C | 1 | Hampton Inn & Suites National Harbor | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
12 | Loan | 8, 9, D | 2 | Victory Louisiana Real Estate Portfolio | | | | | | | | |
12.01 | Property | | 1 | Westgate Shopping Center | Academy Sports | 77,386 | 37.1% | 1/31/2028 | Marshalls | 29,070 | 13.9% | 5/31/2028 |
12.02 | Property | | 1 | Airline Shopping Center | Rouses Market | 52,655 | 63.4% | 11/30/2025 | Goodyear | 5,899 | 7.1% | 5/31/2024 |
13 | Loan | | 1 | Wilshire Colonnade | PCB Bank | 53,032 | 14.4% | 9/30/2033 | Bank of Hope | 36,920 | 10.0% | 4/30/2027 |
14 | Loan | | 1 | Drexel Terraces | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
15 | Loan | 6, 10, 28 | 1 | Staten Island Mall | Primark | 73,647 | 7.4% | 6/30/2027 | AMC Theatres | 54,000 | 5.4% | 2/28/2034 |
16 | Loan | 6, 12, 20, 27 | 1 | Casa Cipriani | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
17 | Loan | 15 | 1 | Canyon Park West | Dick's Sporting Goods, Inc. | 34,840 | 22.9% | 1/31/2026 | Ross Dress for Less | 24,994 | 16.4% | 1/31/2026 |
18 | Loan | 6 | 1 | 11755 Wilshire | Kinetic Content, LLC | 52,405 | 15.5% | 4/30/2026 | Oak View Group, LLC | 18,890 | 5.6% | 5/31/2027 |
19 | Loan | | 1 | Delray Corner | Michaels | 25,645 | 29.8% | 2/28/2034 | CVS Pharmacy | 13,013 | 15.1% | 1/31/2044 |
20 | Loan | | 1 | 1575 Jersey Ave | ONUS Global Logistics LLC | 120,000 | 92.9% | 12/31/2028 | NAP | NAP | NAP | NAP |
21 | Loan | | 1 | Terrell Plaza | Ross Dress for Less | 27,908 | 25.9% | 1/31/2029 | Five Below | 10,045 | 9.3% | 1/31/2030 |
22 | Loan | | 1 | Sherman Oaks First Plaza | El Torito | 8,860 | 14.2% | 8/31/2029 | Gyu-Kaku Japanese BBQ | 3,813 | 6.1% | 5/31/2034 |
23 | Loan | 16, E | 1 | Tahoma Vista | Big Lots | 42,096 | 39.2% | 1/31/2029 | Urban Air Trampoline & Adventure Park | 42,088 | 39.2% | 4/30/2032 |
24 | Loan | | 1 | Greenbox II Self Storage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
25 | Loan | | 1 | Ponder Place | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
26 | Loan | 8 | 2 | Oklahoma Texas Hotel Portfolio | | | | | | | | |
26.01 | Property | | 1 | La Quinta Inn Brownwood | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
26.02 | Property | | 1 | Hampton Inn Oklahoma City NE | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
27 | Loan | F | 1 | Gateway Square Shopping Center | Chasing Chances | 10,230 | 11.7% | 11/30/2026 | Global Village Montessori Pre-School | 6,825 | 7.8% | 1/31/2027 |
28 | Loan | | 1 | Elm Street Plaza | Big Y | 56,936 | 93.4% | 4/30/2033 | Wells Fargo | 4,011 | 6.6% | 12/31/2024 |
29 | Loan | | 1 | 927-933 Flatbush Avenue | CAMBA | 13,700 | 30.4% | 6,100 SF (MTM); 7,600 SF (8/31/2027) | Beginning Steps Infant Day Care | 11,800 | 26.2% | 4/30/2028 |
30 | Loan | | 1 | Northville Shopping Center Phase II | KSI Kitchen and Bath | 11,941 | 27.7% | 3/31/2028 | P.F. Chang's China Bistro | 7,634 | 17.7% | 8/31/2028 |
31 | Loan | 5 | 1 | US Storage Centers - La Crescenta, CA | Venice Bakery | 4,316 | 6.3% | 3,516 SF (10/31/2027); 800 SF (11/30/2028) | Modella Uniforms | 2,640 | 3.8% | 3/31/2027 |
32 | Loan | 8, 9, G | 2 | Swifts MHC and Gulf to Bay MHC | | | | | | | | |
32.01 | Property | | 1 | Swifts MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
32.02 | Property | | 1 | Gulf to Bay MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
33 | Loan | | 1 | Compass Point Medical Complex | Elara Caring | 11,508 | 17.7% | 9/30/2030 | Rocky Hill Surgery Center | 10,528 | 16.2% | 3/31/2029 |
34 | Loan | H | 1 | Superior Building | Pez Cantina | 6,624 | 14.4% | 3/31/2033 | Vincenzi / Babban / Hernandez | 5,765 | 12.6% | 12/31/2030 |
35 | Loan | 13, 17, 18 | 1 | 872 East 164th Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
36 | Loan | | 1 | Walnut Grove MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
37 | Loan | | 1 | Park Place Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
38 | Loan | 8, 9 | 2 | City Trailer Park and Stage Coach MHC | | | | | | | | |
38.01 | Property | | 1 | Stage Coach MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
38.02 | Property | | 1 | City Trailer Park | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
39 | Loan | | 1 | CityLine Milledgeville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
40 | Loan | | 1 | 1412 College Ave | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
41 | Loan | 19 | 1 | Lexington Grand | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
42 | Loan | | 1 | 4975 Clark Howell Highway | Middour Investments, LLC | 3,810 | 9.8% | 2/28/2025 | Delivery King Logistics LLC | 3,090 | 8.0% | 10/31/2027 |
43 | Loan | | 1 | Taylors Square | Ginza Buffet (formerly Hibachi Grille & Supreme Buffet) | 10,290 | 35.5% | 5/31/2034 | Dollar Tree | 9,499 | 32.8% | 1/31/2026 |
44 | Loan | 8 | 2 | East Coast Storage Portfolio | | | | | | | | |
44.01 | Property | | 1 | MMJ Self Storage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
44.02 | Property | | 1 | AAA Self Storage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
45 | Loan | | 1 | Benton Crossing | Rusty Bucket | 4,511 | 31.6% | 8/31/2028 | Honey Tree Grille | 3,652 | 25.6% | 8/13/2028 |
46 | Loan | 6, 10, 11, 23, I | 1 | Tysons Corner Center | Bloomingdale's | 252,754 | 14.1% | 7/22/2028 | Macy's | 237,076 | 13.2% | 7/24/2028 |
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Third Largest Tenant | Third Largest Tenant SF | Third Largest Tenant % of NRA | Third Largest Tenant Lease Expiration Date | Fourth Largest Tenant | Fourth Largest Tenant SF | Fourth Largest Tenant % of NRA |
| | | | | | | | 4 | | | |
1 | Loan | 6, 7, 10, 21 | 1 | Kenwood Towne Centre | Arhaus Furniture | 16,925 | 1.6% | 1/31/2032 | Forever 21 | 16,638 | 1.6% |
2 | Loan | 8, 9 | 4 | Kleban Retail Portfolio | | | | | | | |
2.01 | Property | | 1 | Home Depot - Kenner | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
2.02 | Property | | 1 | Altamira Shopping Village | Red Bowl | 3,400 | 2.3% | 1/31/2025 | Aspen Dental | 3,200 | 2.1% |
2.03 | Property | | 1 | Walmart - Mobile | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
2.04 | Property | | 1 | Walgreens - Garden City | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3 | Loan | 6, A | 1 | Western Digital Milpitas Campus | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
4 | Loan | 6, 10 | 1 | Jordan Creek Town Center | Century Theatres | 69,914 | 7.4% | 8/31/2029 | Barnes & Noble Bookseller | 29,969 | 3.2% |
5 | Loan | 6, 10 | 1 | Galleria at Tyler | H&M | 20,799 | 3.7% | 1/31/2032 | Glo Mini Golf | 14,961 | 2.6% |
6 | Loan | 22, 24 | 1 | Aliz Hotel Times Square | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
7 | Loan | | 1 | Bethesda Marriott | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
8 | Loan | 26 | 1 | The Vista | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
9 | Loan | 6 | 1 | Respara | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10 | Loan | B | 1 | Highland Village | Buffalo Peak Outfitters | 11,000 | 5.1% | 10,085 SF (4/30/2028); 915 SF (MTM) | Char | 9,407 | 4.4% |
11 | Loan | 14, 25, C | 1 | Hampton Inn & Suites National Harbor | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
12 | Loan | 8, 9, D | 2 | Victory Louisiana Real Estate Portfolio | | | | | | | |
12.01 | Property | | 1 | Westgate Shopping Center | Michaels | 27,200 | 13.0% | 10/31/2032 | Aldi | 26,821 | 12.9% |
12.02 | Property | | 1 | Airline Shopping Center | McAlisters Deli | 3,840 | 4.6% | 5/31/2028 | Friends Hair Salon | 1,465 | 1.8% |
13 | Loan | | 1 | Wilshire Colonnade | The Korea Times Los Angeles | 11,646 | 3.2% | 6/30/2027 | Shawn Matian | 11,635 | 3.1% |
14 | Loan | | 1 | Drexel Terraces | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
15 | Loan | 6, 10, 28 | 1 | Staten Island Mall | Hobby Lobby | 42,768 | 4.3% | 5/31/2033 | Dave & Buster's | 41,241 | 4.1% |
16 | Loan | 6, 12, 20, 27 | 1 | Casa Cipriani | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
17 | Loan | 15 | 1 | Canyon Park West | Natural Grocers | 20,000 | 13.1% | 12/31/2033 | Ashley Furniture | 18,000 | 11.8% |
18 | Loan | 6 | 1 | 11755 Wilshire | Semler Brossy Consulting Group LLC | 18,890 | 5.6% | 4/30/2031 | Intrepid Investment Bankers, LLC | 18,461 | 5.5% |
19 | Loan | | 1 | Delray Corner | Conviva Care Center | 10,000 | 11.6% | 2/28/2031 | Hacienda Mexican Restaurant & Bar | 6,050 | 7.0% |
20 | Loan | | 1 | 1575 Jersey Ave | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
21 | Loan | | 1 | Terrell Plaza | Dollar Tree | 10,025 | 9.3% | 8/31/2028 | Petco Animal Supplies | 9,837 | 9.1% |
22 | Loan | | 1 | Sherman Oaks First Plaza | Wireless Consulting Group | 2,800 | 4.5% | 10/31/2025 | Ava Music Center | 2,520 | 4.0% |
23 | Loan | 16, E | 1 | Tahoma Vista | Grocery Outlet | 22,709 | 21.2% | 5/31/2029 | BigFoot Java | 400 | 0.4% |
24 | Loan | | 1 | Greenbox II Self Storage | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
25 | Loan | | 1 | Ponder Place | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
26 | Loan | 8 | 2 | Oklahoma Texas Hotel Portfolio | | | | | | | |
26.01 | Property | | 1 | La Quinta Inn Brownwood | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
26.02 | Property | | 1 | Hampton Inn Oklahoma City NE | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
27 | Loan | F | 1 | Gateway Square Shopping Center | Chili's Grill & Bar | 6,000 | 6.9% | 6/11/2026 | The SSAM / SSAM Korean BBQ | 4,774 | 5.5% |
28 | Loan | | 1 | Elm Street Plaza | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
29 | Loan | | 1 | 927-933 Flatbush Avenue | Capital One Bank | 6,200 | 13.7% | 9/30/2029 | Melissa Vaughn Dance Studio | 6,100 | 13.5% |
30 | Loan | | 1 | Northville Shopping Center Phase II | Massage Envy | 4,007 | 9.3% | 8/31/2029 | Noorjahan Indian Cuisine | 3,017 | 7.0% |
31 | Loan | 5 | 1 | US Storage Centers - La Crescenta, CA | Regal Wine & Spirits | 2,420 | 3.5% | 1,620 SF (2/28/2028); 800 SF (7/31/2028) | CV Dental | 1,620 | 2.4% |
32 | Loan | 8, 9, G | 2 | Swifts MHC and Gulf to Bay MHC | | | | | | | |
32.01 | Property | | 1 | Swifts MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
32.02 | Property | | 1 | Gulf to Bay MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
33 | Loan | | 1 | Compass Point Medical Complex | Hartford Orthopedic Surgeons | 10,528 | 16.2% | 4,964 SF (11/14/2031); 5,564 SF (4/15/2032) | Starling Physicians | 7,980 | 12.3% |
34 | Loan | H | 1 | Superior Building | Street Level Strategy, LLC | 4,584 | 10.0% | 3/31/2028 | Eliza Steel | 4,257 | 9.3% |
35 | Loan | 13, 17, 18 | 1 | 872 East 164th Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
36 | Loan | | 1 | Walnut Grove MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
37 | Loan | | 1 | Park Place Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
38 | Loan | 8, 9 | 2 | City Trailer Park and Stage Coach MHC | | | | | | | |
38.01 | Property | | 1 | Stage Coach MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
38.02 | Property | | 1 | City Trailer Park | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
39 | Loan | | 1 | CityLine Milledgeville | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
40 | Loan | | 1 | 1412 College Ave | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
41 | Loan | 19 | 1 | Lexington Grand | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
42 | Loan | | 1 | 4975 Clark Howell Highway | Maximum Maintenance, LLC | 2,606 | 6.7% | 7/31/2025 | House of Hoggs | 2,592 | 6.7% |
43 | Loan | | 1 | Taylors Square | Gamestop, Inc. | 1,807 | 6.2% | 12/31/2025 | Firehouse Subs | 1,758 | 6.1% |
44 | Loan | 8 | 2 | East Coast Storage Portfolio | | | | | | | |
44.01 | Property | | 1 | MMJ Self Storage | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
44.02 | Property | | 1 | AAA Self Storage | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
45 | Loan | | 1 | Benton Crossing | Sheldon Nails and Spa | 1,760 | 12.3% | 12/31/2030 | Alloy Personal Training | 1,600 | 11.2% |
46 | Loan | 6, 10, 11, 23, I | 1 | Tysons Corner Center | Nordstrom | 201,000 | 11.2% | 3/31/2025 | AMC Theatres | 105,122 | 5.9% |
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Fourth Largest Tenant Lease Expiration Date | Fifth Largest Tenant | Fifth Largest Tenant SF | Fifth Largest Tenant % of NRA | Fifth Largest Tenant Lease Expiration Date | Environmental Phase I Report Date | Environmental Phase II Report Date | Engineering Report Date | Seismic Report Date | PML or SEL (%) | Flood Zone |
| | | | | 4 | | | | 4 | | | | | | |
1 | Loan | 6, 7, 10, 21 | 1 | Kenwood Towne Centre | MTM | Pottery Barn | 15,913 | 1.5% | 1/31/2030 | 1/17/2024 | NAP | 1/16/2024 | NAP | NAP | No |
2 | Loan | 8, 9 | 4 | Kleban Retail Portfolio | | | | | | | | | | | |
2.01 | Property | | 1 | Home Depot - Kenner | NAP | NAP | NAP | NAP | NAP | 9/29/2023 | NAP | 9/29/2023 | NAP | NAP | Yes - AE |
2.02 | Property | | 1 | Altamira Shopping Village | 12/31/2027 | Moe's Southwest Grill | 2,625 | 1.8% | 10/31/2028 | 9/29/2023 | NAP | 9/29/2023 | NAP | NAP | No |
2.03 | Property | | 1 | Walmart - Mobile | NAP | NAP | NAP | NAP | NAP | 9/29/2023 | NAP | 9/29/2023 | NAP | NAP | No |
2.04 | Property | | 1 | Walgreens - Garden City | NAP | NAP | NAP | NAP | NAP | 9/29/2023 | NAP | 9/29/2023 | NAP | NAP | No |
3 | Loan | 6, A | 1 | Western Digital Milpitas Campus | NAP | NAP | NAP | NAP | NAP | 6/26/2023 | NAP | 6/26/2023 | 6/21/2023 | 14% | No |
4 | Loan | 6, 10 | 1 | Jordan Creek Town Center | 1/31/2025 | H&M | 22,608 | 2.4% | 1/31/2032 | 12/1/2023 | NAP | 12/1/2023 | NAP | NAP | No |
5 | Loan | 6, 10 | 1 | Galleria at Tyler | 5/31/2028 | Old Navy | 14,504 | 2.6% | 6/30/2029 | 10/12/2023 | NAP | 10/12/2023 | 10/12/2023 | 14% | No |
6 | Loan | 22, 24 | 1 | Aliz Hotel Times Square | NAP | NAP | NAP | NAP | NAP | 12/18/2023 | NAP | 12/18/2023 | NAP | NAP | No |
7 | Loan | | 1 | Bethesda Marriott | NAP | NAP | NAP | NAP | NAP | 12/7/2023 | NAP | 12/7/2023 | NAP | NAP | No |
8 | Loan | 26 | 1 | The Vista | NAP | NAP | NAP | NAP | NAP | 1/30/2024 | NAP | 1/29/2024 | 1/30/2024 | 6% | No |
9 | Loan | 6 | 1 | Respara | NAP | NAP | NAP | NAP | NAP | 1/10/2024 | NAP | 1/11/2024 | 1/11/2024 | 9% | No |
10 | Loan | B | 1 | Highland Village | 9,317 SF (4/30/2027); 90 SF (MTM) | Sur La Table | 5,752 | 2.7% | 3/31/2031 | 3/6/2024 | NAP | 2/22/2024 | NAP | NAP | No |
11 | Loan | 14, 25, C | 1 | Hampton Inn & Suites National Harbor | NAP | NAP | NAP | NAP | NAP | 3/7/2024 | NAP | 3/7/2024 | NAP | NAP | No |
12 | Loan | 8, 9, D | 2 | Victory Louisiana Real Estate Portfolio | | | | | | | | | | | |
12.01 | Property | | 1 | Westgate Shopping Center | 9/30/2032 | Scandinavia Furniture | 10,300 | 4.9% | 10/31/2028 | 12/28/2023 | NAP | 12/28/2023 | NAP | NAP | Yes - AE |
12.02 | Property | | 1 | Airline Shopping Center | 7/31/2024 | Unagi and Sushi Japanese Restaurant | 1,456 | 1.8% | 11/30/2031 | 12/28/2023 | NAP | 12/28/2023 | NAP | NAP | No |
13 | Loan | | 1 | Wilshire Colonnade | 4/30/2025 | HUB Insurance Services Inc | 8,275 | 2.2% | 6/30/2031 | 12/11/2023 | NAP | 11/30/2023 | 1/17/2024 | 19% | No |
14 | Loan | | 1 | Drexel Terraces | NAP | NAP | NAP | NAP | NAP | 2/8/2024 | NAP | 2/8/2024 | NAP | NAP | No |
15 | Loan | 6, 10, 28 | 1 | Staten Island Mall | 1/31/2033 | Lidl | 37,403 | 3.8% | 1/31/2039 | 9/5/2023 | NAP | 9/5/2023 | NAP | NAP | No |
16 | Loan | 6, 12, 20, 27 | 1 | Casa Cipriani | NAP | NAP | NAP | NAP | NAP | 8/24/2023 | NAP | 8/23/2023 | NAP | NAP | Yes - VE |
17 | Loan | 15 | 1 | Canyon Park West | 3/31/2038 | Old Navy, LLC | 12,520 | 8.2% | 5/31/2032 | 2/20/2024 | NAP | 2/22/2024 | NAP | NAP | No |
18 | Loan | 6 | 1 | 11755 Wilshire | 6/30/2026 | IBISWorld, Inc | 17,960 | 5.3% | 5/31/2032 | 12/8/2023 | NAP | 12/8/2023 | 12/8/2023 | 17% | No |
19 | Loan | | 1 | Delray Corner | 10/31/2026 | Taso's Greek Taverna | 3,200 | 3.7% | 5/31/2027 | 12/11/2023 | NAP | 12/11/2023 | NAP | NAP | No |
20 | Loan | | 1 | 1575 Jersey Ave | NAP | NAP | NAP | NAP | NAP | 2/16/2024 | NAP | 2/16/2024 | NAP | NAP | No |
21 | Loan | | 1 | Terrell Plaza | 1/31/2028 | PopShelf | 9,500 | 8.8% | 12/31/2032 | 1/5/2024 | NAP | 1/5/2024 | NAP | NAP | No |
22 | Loan | | 1 | Sherman Oaks First Plaza | 3/31/2025 | Salon Centric, Inc | 2,040 | 3.3% | 7/31/2026 | 10/18/2023 | NAP | 10/10/2023 | 10/11/2023 | 13% | No |
23 | Loan | 16, E | 1 | Tahoma Vista | 1/31/2032 | NAP | NAP | NAP | NAP | 3/5/2024 | NAP | 3/5/2024 | 3/5/2024 | 17% | No |
24 | Loan | | 1 | Greenbox II Self Storage | NAP | NAP | NAP | NAP | NAP | 1/18/2024 | NAP | 2/9/2024 | NAP | NAP | No |
25 | Loan | | 1 | Ponder Place | NAP | NAP | NAP | NAP | NAP | 12/8/2023 | NAP | 12/8/2023 | NAP | NAP | No |
26 | Loan | 8 | 2 | Oklahoma Texas Hotel Portfolio | | | | | | | | | | | |
26.01 | Property | | 1 | La Quinta Inn Brownwood | NAP | NAP | NAP | NAP | NAP | 1/31/2024 | NAP | 1/31/2024 | NAP | NAP | Yes - AE |
26.02 | Property | | 1 | Hampton Inn Oklahoma City NE | NAP | NAP | NAP | NAP | NAP | 1/31/2024 | NAP | 1/31/2024 | NAP | NAP | No |
27 | Loan | F | 1 | Gateway Square Shopping Center | 4/30/2035 | Beacon Veterinary Specialist | 4,000 | 4.6% | 7/31/2032 | 1/17/2024 | NAP | 1/17/2024 | 1/18/2024 | 15% | No |
28 | Loan | | 1 | Elm Street Plaza | NAP | NAP | NAP | NAP | NAP | 10/6/2023 | NAP | 10/6/2023 | NAP | NAP | No |
29 | Loan | | 1 | 927-933 Flatbush Avenue | 8/1/2028 | Fit4Dance Inc. | 4,500 | 10.0% | 11/30/2028 | 1/11/2024 | NAP | 1/9/2024 | NAP | NAP | No |
30 | Loan | | 1 | Northville Shopping Center Phase II | 6/30/2027 | Noodles & Company | 2,400 | 5.6% | 11/30/2033 | 2/13/2024 | NAP | 2/13/2024 | NAP | NAP | No |
31 | Loan | 5 | 1 | US Storage Centers - La Crescenta, CA | 1/31/2029 | Mr. Dryclean | 1,600 | 2.3% | 3/31/2027 | 11/28/2023 | NAP | 11/22/2023 | 11/22/2023 | 11% | No |
32 | Loan | 8, 9, G | 2 | Swifts MHC and Gulf to Bay MHC | | | | | | | | | | | |
32.01 | Property | | 1 | Swifts MHC | NAP | NAP | NAP | NAP | NAP | 1/17/2024 | NAP | 1/16/2024 | NAP | NAP | Yes - AE |
32.02 | Property | | 1 | Gulf to Bay MHC | NAP | NAP | NAP | NAP | NAP | 1/17/2024 | NAP | 1/16/2024 | NAP | NAP | No |
33 | Loan | | 1 | Compass Point Medical Complex | 7/31/2029 | Maxim Healthcare Staffing Services | 5,885 | 9.0% | 12/31/2026 | 10/6/2023 | NAP | 10/6/2023 | NAP | NAP | No |
34 | Loan | H | 1 | Superior Building | 8/31/2028 | Bone Kettle, LLC | 3,703 | 8.1% | 2/28/2026 | 3/25/2024 | NAP | 3/25/2024 | 3/27/2024 | 18% | No |
35 | Loan | 13, 17, 18 | 1 | 872 East 164th Street | NAP | NAP | NAP | NAP | NAP | 12/5/2023 | NAP | 12/5/2023 | NAP | NAP | No |
36 | Loan | | 1 | Walnut Grove MHC | NAP | NAP | NAP | NAP | NAP | 2/19/2024 | NAP | 2/19/2024 | 2/19/2024 | 14% | No |
37 | Loan | | 1 | Park Place Apartments | NAP | NAP | NAP | NAP | NAP | 10/25/2023 | NAP | 10/25/2023 | NAP | NAP | No |
38 | Loan | 8, 9 | 2 | City Trailer Park and Stage Coach MHC | | | | | | | | | | | |
38.01 | Property | | 1 | Stage Coach MHC | NAP | NAP | NAP | NAP | NAP | 2/19/2024 | NAP | 2/19/2024 | 2/19/2024 | 15% | No |
38.02 | Property | | 1 | City Trailer Park | NAP | NAP | NAP | NAP | NAP | 2/19/2024 | NAP | 2/19/2024 | 2/19/2024 | 14% | No |
39 | Loan | | 1 | CityLine Milledgeville | NAP | NAP | NAP | NAP | NAP | 11/16/2023 | NAP | 11/16/2023 | NAP | NAP | No |
40 | Loan | | 1 | 1412 College Ave | NAP | NAP | NAP | NAP | NAP | 9/18/2023 | NAP | 9/18/2023 | NAP | NAP | No |
41 | Loan | 19 | 1 | Lexington Grand | NAP | NAP | NAP | NAP | NAP | 8/31/2023 | NAP | 2/15/2024 | NAP | NAP | No |
42 | Loan | | 1 | 4975 Clark Howell Highway | 2/28/2026 | 2 Friends Transport LLC | 2,426 | 6.3% | 2/28/2027 | 1/24/2024 | NAP | 1/24/2024 | NAP | NAP | No |
43 | Loan | | 1 | Taylors Square | 8/31/2024 | Happy Nails | 1,407 | 4.9% | 12/31/2035 | 1/4/2024 | NAP | 1/4/2024 | NAP | NAP | No |
44 | Loan | 8 | 2 | East Coast Storage Portfolio | | | | | | | | | | | |
44.01 | Property | | 1 | MMJ Self Storage | NAP | NAP | NAP | NAP | NAP | 2/26/2024 | NAP | 2/26/2024 | NAP | NAP | No |
44.02 | Property | | 1 | AAA Self Storage | NAP | NAP | NAP | NAP | NAP | 2/26/2024 | NAP | 2/26/2024 | NAP | NAP | No |
45 | Loan | | 1 | Benton Crossing | 6/30/2028 | Deka Lash | 1,530 | 10.7% | 7/31/2030 | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | No |
46 | Loan | 6, 10, 11, 23, I | 1 | Tysons Corner Center | 9/30/2025 | Primark | 50,186 | 2.8% | 5/31/2034 | 8/2/2023 | NAP | 8/7/2023 | NAP | NAP | No |
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Ownership Interest | Ground Lease Expiration Date | Ground Lease Extension Terms | Annual Ground Lease Payment as of the Cut-off Date ($) | Annual Ground Rent Increases (Y/N) | Upfront RE Tax Reserve ($) | Monthly RE Tax Reserve ($) | Upfront Insurance Reserve ($) | Monthly Insurance Reserve ($) | Upfront Replacement / PIP Reserve ($) |
| | | | | 12, 22, 23 | | | | | | | | | |
1 | Loan | 6, 7, 10, 21 | 1 | Kenwood Towne Centre | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 0 |
2 | Loan | 8, 9 | 4 | Kleban Retail Portfolio | | | | | | 199,696 | 33,283 | 173,787 | 14,482 | 0 |
2.01 | Property | | 1 | Home Depot - Kenner | Fee | NAP | NAP | NAP | NAP | | | | | |
2.02 | Property | | 1 | Altamira Shopping Village | Fee | NAP | NAP | NAP | NAP | | | | | |
2.03 | Property | | 1 | Walmart - Mobile | Fee | NAP | NAP | NAP | NAP | | | | | |
2.04 | Property | | 1 | Walgreens - Garden City | Fee | NAP | NAP | NAP | NAP | | | | | |
3 | Loan | 6, A | 1 | Western Digital Milpitas Campus | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 0 |
4 | Loan | 6, 10 | 1 | Jordan Creek Town Center | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 0 |
5 | Loan | 6, 10 | 1 | Galleria at Tyler | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 0 |
6 | Loan | 22, 24 | 1 | Aliz Hotel Times Square | Fee | NAP | NAP | NAP | NAP | 439,256 | 109,814 | 0 | Springing | 0 |
7 | Loan | | 1 | Bethesda Marriott | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 0 |
8 | Loan | 26 | 1 | The Vista | Fee | NAP | NAP | NAP | NAP | 42,281 | 42,281 | 0 | Springing | 0 |
9 | Loan | 6 | 1 | Respara | Fee | NAP | NAP | NAP | NAP | 55,544 | 55,544 | 0 | Springing | 0 |
10 | Loan | B | 1 | Highland Village | Fee | NAP | NAP | NAP | NAP | 112,725 | 37,575 | 0 | Springing | 0 |
11 | Loan | 14, 25, C | 1 | Hampton Inn & Suites National Harbor | Fee | NAP | NAP | NAP | NAP | 10,000 | 45,299 | 0 | Springing | 0 |
12 | Loan | 8, 9, D | 2 | Victory Louisiana Real Estate Portfolio | | | | | | 285,938 | 71,485 | 0 | Springing | 0 |
12.01 | Property | | 1 | Westgate Shopping Center | Fee | NAP | NAP | NAP | NAP | | | | | |
12.02 | Property | | 1 | Airline Shopping Center | Fee | NAP | NAP | NAP | NAP | | | | | |
13 | Loan | | 1 | Wilshire Colonnade | Fee | NAP | NAP | NAP | NAP | 38,923 | 38,923 | 0 | Springing | 0 |
14 | Loan | | 1 | Drexel Terraces | Fee | NAP | NAP | NAP | NAP | 7,812 | 7,812 | 86,912 | 10,864 | 0 |
15 | Loan | 6, 10, 28 | 1 | Staten Island Mall | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 0 |
16 | Loan | 6, 12, 20, 27 | 1 | Casa Cipriani | Leasehold | 6/30/2061 | 5, 10-year extension options | 2,087,004 | Yes | 437,500 | 87,500 | 356,769 | 178,384 | 0 |
17 | Loan | 15 | 1 | Canyon Park West | Fee | NAP | NAP | NAP | NAP | 87,564 | 21,891 | 0 | Springing | 0 |
18 | Loan | 6 | 1 | 11755 Wilshire | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 0 |
19 | Loan | | 1 | Delray Corner | Fee | NAP | NAP | NAP | NAP | 135,867 | 33,967 | 0 | Springing | 80,000 |
20 | Loan | | 1 | 1575 Jersey Ave | Fee | NAP | NAP | NAP | NAP | 56,653 | 18,884 | 18,250 | 2,607 | 0 |
21 | Loan | | 1 | Terrell Plaza | Fee | NAP | NAP | NAP | NAP | 84,320 | 42,160 | 0 | Springing | 0 |
22 | Loan | | 1 | Sherman Oaks First Plaza | Fee | NAP | NAP | NAP | NAP | 18,267 | 18,267 | 0 | Springing | 100,000 |
23 | Loan | 16, E | 1 | Tahoma Vista | Fee | NAP | NAP | NAP | NAP | 10,787 | 10,787 | 0 | Springing | 0 |
24 | Loan | | 1 | Greenbox II Self Storage | Fee | NAP | NAP | NAP | NAP | 314,149 | 28,559 | 0 | Springing | 0 |
25 | Loan | | 1 | Ponder Place | Fee | NAP | NAP | NAP | NAP | 29,685 | 9,895 | 7,120 | 3,560 | 0 |
26 | Loan | 8 | 2 | Oklahoma Texas Hotel Portfolio | | | | | | 35,362 | 17,681 | 26,310 | 13,155 | 0 |
26.01 | Property | | 1 | La Quinta Inn Brownwood | Fee | NAP | NAP | NAP | NAP | | | | | |
26.02 | Property | | 1 | Hampton Inn Oklahoma City NE | Fee | NAP | NAP | NAP | NAP | | | | | |
27 | Loan | F | 1 | Gateway Square Shopping Center | Fee | NAP | NAP | NAP | NAP | 14,300 | 14,300 | 0 | Springing | 0 |
28 | Loan | | 1 | Elm Street Plaza | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 0 |
29 | Loan | | 1 | 927-933 Flatbush Avenue | Fee | NAP | NAP | NAP | NAP | 60,189 | 20,063 | 2,754 | 918 | 0 |
30 | Loan | | 1 | Northville Shopping Center Phase II | Fee | NAP | NAP | NAP | NAP | 64,101 | 21,367 | 0 | Springing | 0 |
31 | Loan | 5 | 1 | US Storage Centers - La Crescenta, CA | Fee | NAP | NAP | NAP | NAP | 75,148 | 15,030 | 0 | Springing | 0 |
32 | Loan | 8, 9, G | 2 | Swifts MHC and Gulf to Bay MHC | | | | | | 50,190 | 8,365 | 13,876 | 6,938 | 0 |
32.01 | Property | | 1 | Swifts MHC | Fee | NAP | NAP | NAP | NAP | | | | | |
32.02 | Property | | 1 | Gulf to Bay MHC | Fee | NAP | NAP | NAP | NAP | | | | | |
33 | Loan | | 1 | Compass Point Medical Complex | Fee | NAP | NAP | NAP | NAP | 82,848 | 20,712 | 0 | 2,702 | 0 |
34 | Loan | H | 1 | Superior Building | Fee | NAP | NAP | NAP | NAP | 23,852 | 11,926 | 0 | Springing | 0 |
35 | Loan | 13, 17, 18 | 1 | 872 East 164th Street | Fee | NAP | NAP | NAP | NAP | 862 | 862 | 3,738 | 1,246 | 0 |
36 | Loan | | 1 | Walnut Grove MHC | Fee | NAP | NAP | NAP | NAP | 8,132 | 4,066 | 1,932 | 644 | 0 |
37 | Loan | | 1 | Park Place Apartments | Fee | NAP | NAP | NAP | NAP | 21,836 | 5,459 | 0 | Springing | 0 |
38 | Loan | 8, 9 | 2 | City Trailer Park and Stage Coach MHC | | | | | | 11,300 | 2,825 | 2,406 | 1,203 | 0 |
38.01 | Property | | 1 | Stage Coach MHC | Fee | NAP | NAP | NAP | NAP | | | | | |
38.02 | Property | | 1 | City Trailer Park | Fee | NAP | NAP | NAP | NAP | | | | | |
39 | Loan | | 1 | CityLine Milledgeville | Fee | NAP | NAP | NAP | NAP | 9,671 | 2,418 | 0 | Springing | 0 |
40 | Loan | | 1 | 1412 College Ave | Fee | NAP | NAP | NAP | NAP | 1,031 | 344 | 4,533 | 907 | 0 |
41 | Loan | 19 | 1 | Lexington Grand | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 23,984 | 2,998 | 60,000 |
42 | Loan | | 1 | 4975 Clark Howell Highway | Fee | NAP | NAP | NAP | NAP | 7,555 | 1,511 | 6,602 | 3,301 | 75,000 |
43 | Loan | | 1 | Taylors Square | Fee | NAP | NAP | NAP | NAP | 7,892 | 3,946 | 0 | Springing | 0 |
44 | Loan | 8 | 2 | East Coast Storage Portfolio | | | | | | 5,811 | 968 | 3,296 | 1,232 | 0 |
44.01 | Property | | 1 | MMJ Self Storage | Fee | NAP | NAP | NAP | NAP | | | | | |
44.02 | Property | | 1 | AAA Self Storage | Fee | NAP | NAP | NAP | NAP | | | | | |
45 | Loan | | 1 | Benton Crossing | Fee | NAP | NAP | NAP | NAP | 4,071 | 4,071 | 0 | Springing | 0 |
46 | Loan | 6, 10, 11, 23, I | 1 | Tysons Corner Center | Fee/Leasehold | 8/31/2035 | None | 1,565,412 | No | 0 | Springing | 0 | Springing | 0 |
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Monthly Replacement / FF&E Reserve ($) | Replacement Reserve Caps ($) | Upfront TI/LC Reserve ($) | Monthly TI/LC Reserve ($) | TI/LC Caps ($) | Upfront Debt Service Reserve ($) | Monthly Debt Service Reserve ($) | Debt Service Reserve Cap ($) | Upfront Deferred Maintenance Reserve ($) |
| | | | | 24, 25 | | | | | 26 | 26 | 26 | |
1 | Loan | 6, 7, 10, 21 | 1 | Kenwood Towne Centre | Springing | 516,571 | 0 | 129,143 | 3,099,423 | 0 | 0 | 0 | 0 |
2 | Loan | 8, 9 | 4 | Kleban Retail Portfolio | 4,552 | 54,619 | 0 | 7,586 | 182,062 | 0 | 0 | 0 | 87,681 |
2.01 | Property | | 1 | Home Depot - Kenner | | | | | | | | | |
2.02 | Property | | 1 | Altamira Shopping Village | | | | | | | | | |
2.03 | Property | | 1 | Walmart - Mobile | | | | | | | | | |
2.04 | Property | | 1 | Walgreens - Garden City | | | | | | | | | |
3 | Loan | 6, A | 1 | Western Digital Milpitas Campus | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
4 | Loan | 6, 10 | 1 | Jordan Creek Town Center | Springing | 470,019 | 0 | Springing | 1,880,076 | 0 | 0 | 0 | 0 |
5 | Loan | 6, 10 | 1 | Galleria at Tyler | Springing | 0 | 0 | Springing | 0 | 0 | 0 | 0 | 0 |
6 | Loan | 22, 24 | 1 | Aliz Hotel Times Square | 4% of the sum of (a) operating income plus (b) gross rents for the calendar month two months prior | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
7 | Loan | | 1 | Bethesda Marriott | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
8 | Loan | 26 | 1 | The Vista | 7,697 | 0 | 0 | 0 | 0 | 291,500 | 41,700 | 500,000 | 0 |
9 | Loan | 6 | 1 | Respara | 1,125 | 40,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
10 | Loan | B | 1 | Highland Village | 2,687 | 100,000 | 500,000 | Springing | 500,000 | 0 | 0 | 0 | 0 |
11 | Loan | 14, 25, C | 1 | Hampton Inn & Suites National Harbor | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
12 | Loan | 8, 9, D | 2 | Victory Louisiana Real Estate Portfolio | 3,645 | 0 | 200,000 | 24,299 | 1,000,000 | 0 | 0 | 0 | 21,250 |
12.01 | Property | | 1 | Westgate Shopping Center | | | | | | | | | |
12.02 | Property | | 1 | Airline Shopping Center | | | | | | | | | |
13 | Loan | | 1 | Wilshire Colonnade | 6,158 | 0 | 1,500,000 | 46,182 | 2,500,000 | 0 | 0 | 0 | 0 |
14 | Loan | | 1 | Drexel Terraces | 1,933 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
15 | Loan | 6, 10, 28 | 1 | Staten Island Mall | Springing | 497,950 | 4,580,787 | Springing | 1,991,800 | 0 | 0 | 0 | 0 |
16 | Loan | 6, 12, 20, 27 | 1 | Casa Cipriani | 210,556 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
17 | Loan | 15 | 1 | Canyon Park West | 2,539 | 91,396 | 100,000 | 25,388 | 342,735 | 0 | 0 | 0 | 0 |
18 | Loan | 6 | 1 | 11755 Wilshire | 5,624 | 67,488 | 3,000,000 | 70,300 | 0 | 0 | 0 | 0 | 0 |
19 | Loan | | 1 | Delray Corner | 2,977 | 0 | 0 | 6,075 | 0 | 0 | 0 | 0 | 0 |
20 | Loan | | 1 | 1575 Jersey Ave | 1,076 | 12,913 | 0 | 5,380 | 0 | 0 | 0 | 0 | 84,039 |
21 | Loan | | 1 | Terrell Plaza | 1,273 | 0 | 0 | 9,757 | 370,000 | 0 | 0 | 0 | 10,000 |
22 | Loan | | 1 | Sherman Oaks First Plaza | Springing | 0 | 200,000 | Springing | 0 | 0 | 0 | 0 | 0 |
23 | Loan | 16, E | 1 | Tahoma Vista | 1,336 | 32,068 | 0 | 8,017 | 192,407 | 0 | 0 | 0 | 92,500 |
24 | Loan | | 1 | Greenbox II Self Storage | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
25 | Loan | | 1 | Ponder Place | 1,708 | 20,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
26 | Loan | 8 | 2 | Oklahoma Texas Hotel Portfolio | 14,069 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27,000 |
26.01 | Property | | 1 | La Quinta Inn Brownwood | | | | | | | | | |
26.02 | Property | | 1 | Hampton Inn Oklahoma City NE | | | | | | | | | |
27 | Loan | F | 1 | Gateway Square Shopping Center | 1,455 | 52,397 | 0 | Springing | 261,984 | 0 | 0 | 0 | 24,180 |
28 | Loan | | 1 | Elm Street Plaza | 762 | 18,284 | 0 | 5,079 | 121,894 | 0 | 0 | 0 | 4,375 |
29 | Loan | | 1 | 927-933 Flatbush Avenue | 564 | 0 | 0 | 3,758 | 135,000 | 0 | 0 | 0 | 23,438 |
30 | Loan | | 1 | Northville Shopping Center Phase II | 827 | 0 | 200,000 | Springing | 200,000 | 0 | 0 | 0 | 46,875 |
31 | Loan | 5 | 1 | US Storage Centers - La Crescenta, CA | 855 | 30,783 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
32 | Loan | 8, 9, G | 2 | Swifts MHC and Gulf to Bay MHC | 813 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 14,433 |
32.01 | Property | | 1 | Swifts MHC | | | | | | | | | |
32.02 | Property | | 1 | Gulf to Bay MHC | | | | | | | | | |
33 | Loan | | 1 | Compass Point Medical Complex | 1,084 | 26,025 | 140,536 | Springing | 140,536 | 0 | 0 | 0 | 2,500 |
34 | Loan | H | 1 | Superior Building | 1,311 | 0 | 0 | 3,600 | 0 | 0 | 0 | 0 | 0 |
35 | Loan | 13, 17, 18 | 1 | 872 East 164th Street | 375 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
36 | Loan | | 1 | Walnut Grove MHC | 233 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 21,860 |
37 | Loan | | 1 | Park Place Apartments | 1,792 | 0 | 0 | 0 | 0 | 205,305 | 0 | 0 | 0 |
38 | Loan | 8, 9 | 2 | City Trailer Park and Stage Coach MHC | 267 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
38.01 | Property | | 1 | Stage Coach MHC | | | | | | | | | |
38.02 | Property | | 1 | City Trailer Park | | | | | | | | | |
39 | Loan | | 1 | CityLine Milledgeville | 945 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 52,125 |
40 | Loan | | 1 | 1412 College Ave | 333 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
41 | Loan | 19 | 1 | Lexington Grand | 1,334 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
42 | Loan | | 1 | 4975 Clark Howell Highway | 484 | 0 | 50,000 | 1,614 | 77,448 | 0 | 0 | 0 | 0 |
43 | Loan | | 1 | Taylors Square | 411 | 4,297 | 0 | 3,623 | 86,946 | 0 | 0 | 0 | 875 |
44 | Loan | 8 | 2 | East Coast Storage Portfolio | 494 | 11,859 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
44.01 | Property | | 1 | MMJ Self Storage | | | | | | | | | |
44.02 | Property | | 1 | AAA Self Storage | | | | | | | | | |
45 | Loan | | 1 | Benton Crossing | 238 | 2,850 | 0 | 1,188 | 42,759 | 0 | 0 | 0 | 0 |
46 | Loan | 6, 10, 11, 23, I | 1 | Tysons Corner Center | Springing | 896,819 | 0 | Springing | 3,587,276 | 0 | 0 | 0 | 0 |
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Upfront Other Reserve ($) | Monthly Other Reserve ($) | Other Reserve Description | Other Reserve Cap ($) | Holdback/ Earnout Amount ($) |
| | | | | | 27 | 27 | | |
1 | Loan | 6, 7, 10, 21 | 1 | Kenwood Towne Centre | 3,966,953 | 0 | Existing TI/LC Reserve (Upfront: $3,732,395.48), Gap Rent Reserve (Upfront: $234,557.94) | 0 | 0 |
2 | Loan | 8, 9 | 4 | Kleban Retail Portfolio | 0 | 0 | NAP | 0 | 0 |
2.01 | Property | | 1 | Home Depot - Kenner | | | | | |
2.02 | Property | | 1 | Altamira Shopping Village | | | | | |
2.03 | Property | | 1 | Walmart - Mobile | | | | | |
2.04 | Property | | 1 | Walgreens - Garden City | | | | | |
3 | Loan | 6, A | 1 | Western Digital Milpitas Campus | 0 | Springing | Material Tenant Reserve | 0 | 0 |
4 | Loan | 6, 10 | 1 | Jordan Creek Town Center | 5,000,000 | Springing | General Reserve ($5,000,000); Gap Rent Reserve ($0); Anchor Tenant Reserve (Springing) | 0 | 0 |
5 | Loan | 6, 10 | 1 | Galleria at Tyler | 9,924,378 | 0 | General Reserve ($5,000,000); Outstanding Landlord Obligations ($4,687,691.09); Gap Rent Reserve ($236,687) | 0 | 0 |
6 | Loan | 22, 24 | 1 | Aliz Hotel Times Square | 0 | 0 | NAP | 0 | 0 |
7 | Loan | | 1 | Bethesda Marriott | 0 | Springing | Future PIP Reserve (Springing); Common Charge Reserve (Springing) | 0 | 0 |
8 | Loan | 26 | 1 | The Vista | 0 | 0 | NAP | 0 | 0 |
9 | Loan | 6 | 1 | Respara | 0 | 0 | NAP | 0 | 0 |
10 | Loan | B | 1 | Highland Village | 2,004,140 | 0 | Outstanding Landlord Obligations | 0 | 0 |
11 | Loan | 14, 25, C | 1 | Hampton Inn & Suites National Harbor | 1,800,000 | 0 | PIP Reserve | 0 | 0 |
12 | Loan | 8, 9, D | 2 | Victory Louisiana Real Estate Portfolio | 0 | 0 | NAP | 0 | 0 |
12.01 | Property | | 1 | Westgate Shopping Center | | | | | |
12.02 | Property | | 1 | Airline Shopping Center | | | | | |
13 | Loan | | 1 | Wilshire Colonnade | 910,690 | 0 | Rent Concession Reserve ($573,665); Existing TI/LC Reserve ($337,025) | 0 | 0 |
14 | Loan | | 1 | Drexel Terraces | 12,500 | 0 | Kenwood Dispute Reserve | 0 | 0 |
15 | Loan | 6, 10, 28 | 1 | Staten Island Mall | 403,197 | Springing | Gap Rent Reserve (Upfront: 403,197), Anchor Tenant Reserve Funds (Monthly: Springing) | 0 | 0 |
16 | Loan | 6, 12, 20, 27 | 1 | Casa Cipriani | 352,047 | 246,509 | Ground Rent Reserve (Upfront: $352,047; Monthly: $176,023.50), PIP Reserve (Monthly: Springing), Put Price Reserve (Monthly: $70,485.24) | 0 | 0 |
17 | Loan | 15 | 1 | Canyon Park West | 195,487 | 0 | Rent Concession Reserve ($106,072); Existing TI/LC Reserve ($68,215); Ross Reserve ($11,200); Petco Reserve ($10,000) | 0 | 0 |
18 | Loan | 6 | 1 | 11755 Wilshire | 1,108,135 | 0 | Rent Concession Reserve ($777,560); Existing TI/LC Reserve ($330,575) | 0 | 0 |
19 | Loan | | 1 | Delray Corner | 2,256,655 | 0 | Outstanding Leasing Fund Reserve ($1,287,577); Free Rent Reserve ($235,766); Gap Rent Reserve ($133,312); Environmental Reserve ($600,000) | 0 | 0 |
20 | Loan | | 1 | 1575 Jersey Ave | 0 | 0 | NAP | 0 | 0 |
21 | Loan | | 1 | Terrell Plaza | 0 | 0 | NAP | 0 | 0 |
22 | Loan | | 1 | Sherman Oaks First Plaza | 0 | 0 | NAP | 0 | 0 |
23 | Loan | 16, E | 1 | Tahoma Vista | 1,866,492 | 0 | Urban Air TI Allowance ($1,052,200), Urban Air Outstanding Leasing Commission ($63,132), Urban Air One-Year Rent Holdback ($751,160) | 0 | 0 |
24 | Loan | | 1 | Greenbox II Self Storage | 0 | 0 | NAP | 0 | 0 |
25 | Loan | | 1 | Ponder Place | 0 | 0 | NAP | 0 | 0 |
26 | Loan | 8 | 2 | Oklahoma Texas Hotel Portfolio | 484,125 | 0 | PIP Reserve - Hampton Inn ($259,625); Additional Flood Insurance Reserve: ($200,000); PIP Reserve - La Quinta ($24,500) | 0 | 0 |
26.01 | Property | | 1 | La Quinta Inn Brownwood | | | | | |
26.02 | Property | | 1 | Hampton Inn Oklahoma City NE | | | | | |
27 | Loan | F | 1 | Gateway Square Shopping Center | 92,645 | 0 | Mylapore South Indian Vegetarian Outstanding TI Reserve: ($64,925); Arbat Grocery Store Outstanding TI Reserve: ($17,720); SSAM Gap Rent Reserve: ($10,000) | 0 | 0 |
28 | Loan | | 1 | Elm Street Plaza | 0 | 0 | NAP | 0 | 0 |
29 | Loan | | 1 | 927-933 Flatbush Avenue | 150,000 | 0 | SBA Loan Escrow | 0 | 0 |
30 | Loan | | 1 | Northville Shopping Center Phase II | 0 | 0 | NAP | 0 | 0 |
31 | Loan | 5 | 1 | US Storage Centers - La Crescenta, CA | 0 | 0 | NAP | 0 | 0 |
32 | Loan | 8, 9, G | 2 | Swifts MHC and Gulf to Bay MHC | 0 | 0 | NAP | 0 | 0 |
32.01 | Property | | 1 | Swifts MHC | | | | | |
32.02 | Property | | 1 | Gulf to Bay MHC | | | | | |
33 | Loan | | 1 | Compass Point Medical Complex | 91,557 | 0 | Local Infusion - TI Allowance Reserve ($56,160); Local Infusion - Free and Gap Rent Reserve ($19,890); Local Infusion - Landlord Work ($15,506.60) | 0 | 0 |
34 | Loan | H | 1 | Superior Building | 113,804 | 0 | Pez Cantina TI Allowance ($95,454), Gap Rent Reserve ($18,350) | 0 | 0 |
35 | Loan | 13, 17, 18 | 1 | 872 East 164th Street | 114,451 | 0 | Unabated Real Estate Tax Reserve | 0 | 400,000 |
36 | Loan | | 1 | Walnut Grove MHC | 0 | 0 | NAP | 0 | 0 |
37 | Loan | | 1 | Park Place Apartments | 97,500 | 0 | Roof Replacement Reserve | 0 | 0 |
38 | Loan | 8, 9 | 2 | City Trailer Park and Stage Coach MHC | 0 | 0 | NAP | 0 | 0 |
38.01 | Property | | 1 | Stage Coach MHC | | | | | |
38.02 | Property | | 1 | City Trailer Park | | | | | |
39 | Loan | | 1 | CityLine Milledgeville | 0 | 0 | NAP | 0 | 0 |
40 | Loan | | 1 | 1412 College Ave | 0 | 0 | NAP | 0 | 0 |
41 | Loan | 19 | 1 | Lexington Grand | 25,000 | Springing | Insurance Deductible Reserve | 25,000 | 0 |
42 | Loan | | 1 | 4975 Clark Howell Highway | 0 | 0 | NAP | 0 | 0 |
43 | Loan | | 1 | Taylors Square | 62,500 | 0 | TPO Roof System Replacement Reserve | 0 | 0 |
44 | Loan | 8 | 2 | East Coast Storage Portfolio | 0 | 0 | NAP | 0 | 0 |
44.01 | Property | | 1 | MMJ Self Storage | | | | | |
44.02 | Property | | 1 | AAA Self Storage | | | | | |
45 | Loan | | 1 | Benton Crossing | 0 | 0 | NAP | 0 | 0 |
46 | Loan | 6, 10, 11, 23, I | 1 | Tysons Corner Center | 39,775,125 | 0 | Outstanding TI/LC ($30,769,199); Gap Rent Reserve ($9,005,926) | 0 | 0 |
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Holdback/ Earnout Description |
| | | | | |
1 | Loan | 6, 7, 10, 21 | 1 | Kenwood Towne Centre | NAP |
2 | Loan | 8, 9 | 4 | Kleban Retail Portfolio | NAP |
2.01 | Property | | 1 | Home Depot - Kenner | |
2.02 | Property | | 1 | Altamira Shopping Village | |
2.03 | Property | | 1 | Walmart - Mobile | |
2.04 | Property | | 1 | Walgreens - Garden City | |
3 | Loan | 6, A | 1 | Western Digital Milpitas Campus | NAP |
4 | Loan | 6, 10 | 1 | Jordan Creek Town Center | NAP |
5 | Loan | 6, 10 | 1 | Galleria at Tyler | NAP |
6 | Loan | 22, 24 | 1 | Aliz Hotel Times Square | NAP |
7 | Loan | | 1 | Bethesda Marriott | NAP |
8 | Loan | 26 | 1 | The Vista | NAP |
9 | Loan | 6 | 1 | Respara | NAP |
10 | Loan | B | 1 | Highland Village | NAP |
11 | Loan | 14, 25, C | 1 | Hampton Inn & Suites National Harbor | NAP |
12 | Loan | 8, 9, D | 2 | Victory Louisiana Real Estate Portfolio | NAP |
12.01 | Property | | 1 | Westgate Shopping Center | |
12.02 | Property | | 1 | Airline Shopping Center | |
13 | Loan | | 1 | Wilshire Colonnade | NAP |
14 | Loan | | 1 | Drexel Terraces | NAP |
15 | Loan | 6, 10, 28 | 1 | Staten Island Mall | NAP |
16 | Loan | 6, 12, 20, 27 | 1 | Casa Cipriani | NAP |
17 | Loan | 15 | 1 | Canyon Park West | NAP |
18 | Loan | 6 | 1 | 11755 Wilshire | NAP |
19 | Loan | | 1 | Delray Corner | NAP |
20 | Loan | | 1 | 1575 Jersey Ave | NAP |
21 | Loan | | 1 | Terrell Plaza | NAP |
22 | Loan | | 1 | Sherman Oaks First Plaza | NAP |
23 | Loan | 16, E | 1 | Tahoma Vista | NAP |
24 | Loan | | 1 | Greenbox II Self Storage | NAP |
25 | Loan | | 1 | Ponder Place | NAP |
26 | Loan | 8 | 2 | Oklahoma Texas Hotel Portfolio | NAP |
26.01 | Property | | 1 | La Quinta Inn Brownwood | |
26.02 | Property | | 1 | Hampton Inn Oklahoma City NE | |
27 | Loan | F | 1 | Gateway Square Shopping Center | NAP |
28 | Loan | | 1 | Elm Street Plaza | NAP |
29 | Loan | | 1 | 927-933 Flatbush Avenue | NAP |
30 | Loan | | 1 | Northville Shopping Center Phase II | NAP |
31 | Loan | 5 | 1 | US Storage Centers - La Crescenta, CA | NAP |
32 | Loan | 8, 9, G | 2 | Swifts MHC and Gulf to Bay MHC | NAP |
32.01 | Property | | 1 | Swifts MHC | |
32.02 | Property | | 1 | Gulf to Bay MHC | |
33 | Loan | | 1 | Compass Point Medical Complex | NAP |
34 | Loan | H | 1 | Superior Building | NAP |
35 | Loan | 13, 17, 18 | 1 | 872 East 164th Street | Occupancy Holdback: Holdback Funds shall mean that portion of the Loan to be disbursed in a single advance on or prior to the Outside Advance Date, upon Borrower’s satisfaction of the Holdback Funding Requirements, in the amount of $400,000. “Holdback Funding Requirements” shall mean, collectively: (i) Borrower shall submit a written request to Lender for disbursement of the Holdback Funds no later than ten (10) days prior to the date on which Borrower requests the Holdback Funds to be disbursed; (ii) both at the time of Borrower’s written request and at the time of the requested disbursement of Holdback Funds, no Default or Event of Default shall be continuing; (iii) Borrower has submitted to Lender evidence to Lender’s satisfaction confirming that at least ninety-five percent (95%) of the residential apartments at the Property (including both Affordable Housing Units and any Market Rate Units) are tenanted pursuant to executed Leases with Tenants that are in occupancy and pursuant to which the term of each Lease covered by any Prepaid Rents has expired, which evidence shall include, without limitation, a current rent roll certified by an authorized representative of Borrower, copies of all executed Leases then in-effect, and copies of all rental payment vouchers issued in connection with the CityFHEPS Program with respect to Tenants at the Property; (iv) after giving effect to the disbursement of the Holdback Funds, the Debt Yield shall be at least 9.44%, as determined by Lender; and (v) Borrower shall pay on demand (or out of the requested disbursement of Holdback Funds) all of the actual costs and expenses incurred by Lender, including attorneys’ fees and expenses and other applicable third-party costs and expenses, in connection with the proposed advance of Holdback Funds. |
36 | Loan | | 1 | Walnut Grove MHC | NAP |
37 | Loan | | 1 | Park Place Apartments | NAP |
38 | Loan | 8, 9 | 2 | City Trailer Park and Stage Coach MHC | NAP |
38.01 | Property | | 1 | Stage Coach MHC | |
38.02 | Property | | 1 | City Trailer Park | |
39 | Loan | | 1 | CityLine Milledgeville | NAP |
40 | Loan | | 1 | 1412 College Ave | NAP |
41 | Loan | 19 | 1 | Lexington Grand | NAP |
42 | Loan | | 1 | 4975 Clark Howell Highway | NAP |
43 | Loan | | 1 | Taylors Square | NAP |
44 | Loan | 8 | 2 | East Coast Storage Portfolio | NAP |
44.01 | Property | | 1 | MMJ Self Storage | |
44.02 | Property | | 1 | AAA Self Storage | |
45 | Loan | | 1 | Benton Crossing | NAP |
46 | Loan | 6, 10, 11, 23, I | 1 | Tysons Corner Center | NAP |
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Lockbox Type | Cash Management | Excess Cash Trap Triggered by DSCR and/or Debt Yield Test (Y/N) | Tenant Specific Excess Cash Trap Trigger (Y/N) | Pari Passu (Y/N) | Pari Passu in Trust Controlling (Y/N) | Trust Pari Passu Cut-off Date Balance ($) | Non-Trust Pari Passu Companion Loan Cut-off Date Balance ($) | Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) |
| | | | | | 28 | | | | | | | |
1 | Loan | 6, 7, 10, 21 | 1 | Kenwood Towne Centre | Hard | Springing | Yes | Yes | Yes | Yes | 70,000,000 | 190,000,000 | 1,006,698.73 |
2 | Loan | 8, 9 | 4 | Kleban Retail Portfolio | Hard | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP |
2.01 | Property | | 1 | Home Depot - Kenner | | | | | | | | | |
2.02 | Property | | 1 | Altamira Shopping Village | | | | | | | | | |
2.03 | Property | | 1 | Walmart - Mobile | | | | | | | | | |
2.04 | Property | | 1 | Walgreens - Garden City | | | | | | | | | |
3 | Loan | 6, A | 1 | Western Digital Milpitas Campus | Hard | Springing | Yes | Yes | Yes | No | 63,000,000 | 63,000,000 | 364,300.41 |
4 | Loan | 6, 10 | 1 | Jordan Creek Town Center | Hard | Springing | Yes | No | Yes | Yes | 61,000,000 | 109,000,000 | 646,506.25 |
5 | Loan | 6, 10 | 1 | Galleria at Tyler | Hard | Springing | Yes | Yes | Yes | Yes | 60,000,000 | 90,000,000 | 602,173.95 |
6 | Loan | 22, 24 | 1 | Aliz Hotel Times Square | Hard | Springing | Yes | No | No | NAP | NAP | NAP | NAP |
7 | Loan | | 1 | Bethesda Marriott | Hard | Springing | Yes | No | No | NAP | NAP | NAP | NAP |
8 | Loan | 26 | 1 | The Vista | Soft | Springing | Yes | No | No | NAP | NAP | NAP | NAP |
9 | Loan | 6 | 1 | Respara | Springing | Springing | No | No | Yes | Yes | 36,500,000 | 25,000,000 | 133,072.92 |
10 | Loan | B | 1 | Highland Village | Hard | Springing | Yes | No | No | NAP | NAP | NAP | NAP |
11 | Loan | 14, 25, C | 1 | Hampton Inn & Suites National Harbor | Hard | Springing | Yes | No | No | NAP | NAP | NAP | NAP |
12 | Loan | 8, 9, D | 2 | Victory Louisiana Real Estate Portfolio | Springing | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP |
12.01 | Property | | 1 | Westgate Shopping Center | | | | | | | | | |
12.02 | Property | | 1 | Airline Shopping Center | | | | | | | | | |
13 | Loan | | 1 | Wilshire Colonnade | Hard | Springing | Yes | No | No | NAP | NAP | NAP | NAP |
14 | Loan | | 1 | Drexel Terraces | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP |
15 | Loan | 6, 10, 28 | 1 | Staten Island Mall | Hard | Springing | Yes | No | Yes | No | 30,000,000 | 170,000,000 | 1,082,140.51 |
16 | Loan | 6, 12, 20, 27 | 1 | Casa Cipriani | Hard | Springing | Yes | No | Yes | No | 29,959,334 | 72,901,046 | 498,979.35 |
17 | Loan | 15 | 1 | Canyon Park West | Soft | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP |
18 | Loan | 6 | 1 | 11755 Wilshire | Hard | In Place | Yes | No | Yes | No | 18,500,000 | 51,500,000 | 305,633.42 |
19 | Loan | | 1 | Delray Corner | Hard | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP |
20 | Loan | | 1 | 1575 Jersey Ave | Hard | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP |
21 | Loan | | 1 | Terrell Plaza | Hard | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP |
22 | Loan | | 1 | Sherman Oaks First Plaza | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP |
23 | Loan | 16, E | 1 | Tahoma Vista | Hard | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP |
24 | Loan | | 1 | Greenbox II Self Storage | Soft | Springing | Yes | No | No | NAP | NAP | NAP | NAP |
25 | Loan | | 1 | Ponder Place | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP |
26 | Loan | 8 | 2 | Oklahoma Texas Hotel Portfolio | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP |
26.01 | Property | | 1 | La Quinta Inn Brownwood | | | | | | | | | |
26.02 | Property | | 1 | Hampton Inn Oklahoma City NE | | | | | | | | | |
27 | Loan | F | 1 | Gateway Square Shopping Center | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP |
28 | Loan | | 1 | Elm Street Plaza | Hard | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP |
29 | Loan | | 1 | 927-933 Flatbush Avenue | Springing | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP |
30 | Loan | | 1 | Northville Shopping Center Phase II | Springing | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP |
31 | Loan | 5 | 1 | US Storage Centers - La Crescenta, CA | None | None | No | No | No | NAP | NAP | NAP | NAP |
32 | Loan | 8, 9, G | 2 | Swifts MHC and Gulf to Bay MHC | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP |
32.01 | Property | | 1 | Swifts MHC | | | | | | | | | |
32.02 | Property | | 1 | Gulf to Bay MHC | | | | | | | | | |
33 | Loan | | 1 | Compass Point Medical Complex | Hard | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP |
34 | Loan | H | 1 | Superior Building | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP |
35 | Loan | 13, 17, 18 | 1 | 872 East 164th Street | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP |
36 | Loan | | 1 | Walnut Grove MHC | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP |
37 | Loan | | 1 | Park Place Apartments | None | None | No | No | No | NAP | NAP | NAP | NAP |
38 | Loan | 8, 9 | 2 | City Trailer Park and Stage Coach MHC | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP |
38.01 | Property | | 1 | Stage Coach MHC | | | | | | | | | |
38.02 | Property | | 1 | City Trailer Park | | | | | | | | | |
39 | Loan | | 1 | CityLine Milledgeville | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP |
40 | Loan | | 1 | 1412 College Ave | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP |
41 | Loan | 19 | 1 | Lexington Grand | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP |
42 | Loan | | 1 | 4975 Clark Howell Highway | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP |
43 | Loan | | 1 | Taylors Square | Hard | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP |
44 | Loan | 8 | 2 | East Coast Storage Portfolio | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP |
44.01 | Property | | 1 | MMJ Self Storage | | | | | | | | | |
44.02 | Property | | 1 | AAA Self Storage | | | | | | | | | |
45 | Loan | | 1 | Benton Crossing | Hard | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP |
46 | Loan | 6, 10, 11, 23, I | 1 | Tysons Corner Center | Hard | Springing | Yes | No | Yes | No | 2,460,000 | 707,540,000 | 3,945,876.88 |
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Total Trust and Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) | Subordinate Companion Loan Cut-off Date Balance ($) | Subordinate Companion Loan Interest Rate | Whole Loan Cut-off Date Balance ($) | Whole Loan Monthly Debt Service ($) | Whole Loan Cut-off Date LTV Ratio (%) | Whole Loan Underwritten NCF DSCR (x) | Whole Loan Underwritten NOI Debt Yield (%) |
| | | | | | | | | | | | |
1 | Loan | 6, 7, 10, 21 | 1 | Kenwood Towne Centre | 1,377,587.73 | NAP | NAP | 260,000,000 | 1,377,587.73 | 45.5% | 2.19 | 14.6% |
2 | Loan | 8, 9 | 4 | Kleban Retail Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
2.01 | Property | | 1 | Home Depot - Kenner | | | | | | | | |
2.02 | Property | | 1 | Altamira Shopping Village | | | | | | | | |
2.03 | Property | | 1 | Walmart - Mobile | | | | | | | | |
2.04 | Property | | 1 | Walgreens - Garden City | | | | | | | | |
3 | Loan | 6, A | 1 | Western Digital Milpitas Campus | 728,600.83 | NAP | NAP | 126,000,000 | 728,600.83 | 64.0% | 1.63 | 12.0% |
4 | Loan | 6, 10 | 1 | Jordan Creek Town Center | 1,008,312.50 | NAP | NAP | 170,000,000 | 1,008,312.50 | 53.0% | 1.93 | 14.4% |
5 | Loan | 6, 10 | 1 | Galleria at Tyler | 1,003,623.26 | NAP | NAP | 150,000,000 | 1,003,623.26 | 50.0% | 1.96 | 16.7% |
6 | Loan | 22, 24 | 1 | Aliz Hotel Times Square | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
7 | Loan | | 1 | Bethesda Marriott | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
8 | Loan | 26 | 1 | The Vista | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
9 | Loan | 6 | 1 | Respara | 327,359.38 | NAP | NAP | 61,500,000 | 327,359.38 | 66.1% | 1.25 | 8.0% |
10 | Loan | B | 1 | Highland Village | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
11 | Loan | 14, 25, C | 1 | Hampton Inn & Suites National Harbor | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
12 | Loan | 8, 9, D | 2 | Victory Louisiana Real Estate Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
12.01 | Property | | 1 | Westgate Shopping Center | | | | | | | | |
12.02 | Property | | 1 | Airline Shopping Center | | | | | | | | |
13 | Loan | | 1 | Wilshire Colonnade | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
14 | Loan | | 1 | Drexel Terraces | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
15 | Loan | 6, 10, 28 | 1 | Staten Island Mall | 1,273,106.48 | NAP | NAP | 200,000,000 | 1,273,106.48 | 42.8% | 2.09 | 16.5% |
16 | Loan | 6, 12, 20, 27 | 1 | Casa Cipriani | 704,039.35 | NAP | NAP | 102,860,379 | 704,039.35 | 49.9% | 2.38 | 22.0% |
17 | Loan | 15 | 1 | Canyon Park West | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
18 | Loan | 6 | 1 | 11755 Wilshire | 415,424.07 | NAP | NAP | 70,000,000 | 415,424.07 | 42.7% | 1.80 | 14.1% |
19 | Loan | | 1 | Delray Corner | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
20 | Loan | | 1 | 1575 Jersey Ave | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
21 | Loan | | 1 | Terrell Plaza | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
22 | Loan | | 1 | Sherman Oaks First Plaza | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
23 | Loan | 16, E | 1 | Tahoma Vista | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
24 | Loan | | 1 | Greenbox II Self Storage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
25 | Loan | | 1 | Ponder Place | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
26 | Loan | 8 | 2 | Oklahoma Texas Hotel Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
26.01 | Property | | 1 | La Quinta Inn Brownwood | | | | | | | | |
26.02 | Property | | 1 | Hampton Inn Oklahoma City NE | | | | | | | | |
27 | Loan | F | 1 | Gateway Square Shopping Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
28 | Loan | | 1 | Elm Street Plaza | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
29 | Loan | | 1 | 927-933 Flatbush Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
30 | Loan | | 1 | Northville Shopping Center Phase II | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
31 | Loan | 5 | 1 | US Storage Centers - La Crescenta, CA | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
32 | Loan | 8, 9, G | 2 | Swifts MHC and Gulf to Bay MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
32.01 | Property | | 1 | Swifts MHC | | | | | | | | |
32.02 | Property | | 1 | Gulf to Bay MHC | | | | | | | | |
33 | Loan | | 1 | Compass Point Medical Complex | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
34 | Loan | H | 1 | Superior Building | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
35 | Loan | 13, 17, 18 | 1 | 872 East 164th Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
36 | Loan | | 1 | Walnut Grove MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
37 | Loan | | 1 | Park Place Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
38 | Loan | 8, 9 | 2 | City Trailer Park and Stage Coach MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
38.01 | Property | | 1 | Stage Coach MHC | | | | | | | | |
38.02 | Property | | 1 | City Trailer Park | | | | | | | | |
39 | Loan | | 1 | CityLine Milledgeville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
40 | Loan | | 1 | 1412 College Ave | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
41 | Loan | 19 | 1 | Lexington Grand | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
42 | Loan | | 1 | 4975 Clark Howell Highway | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
43 | Loan | | 1 | Taylors Square | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
44 | Loan | 8 | 2 | East Coast Storage Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
44.01 | Property | | 1 | MMJ Self Storage | | | | | | | | |
44.02 | Property | | 1 | AAA Self Storage | | | | | | | | |
45 | Loan | | 1 | Benton Crossing | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
46 | Loan | 6, 10, 11, 23, I | 1 | Tysons Corner Center | 3,959,596.04 | NAP | NAP | 710,000,000 | 3,959,596.04 | 39.4% | 2.00 | 13.7% |
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Mezzanine Debt Cut-off Date Balance($) | Mezzanine Debt Interest Rate (%) | Total Debt Cut-off Date Balance ($) | Total Debt Monthly Debt Service ($) | Total Debt Cut-off Date LTV Ratio (%) | Total Debt Underwritten NCF DSCR (x) | Total Debt Underwritten NOI Debt Yield (%) | Future Additional Debt Permitted (Y/N) | Future Debt Permitted Type | Sponsor |
| | | | | | | | | | | | | | |
1 | Loan | 6, 7, 10, 21 | 1 | Kenwood Towne Centre | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Brookfield Properties Retail Holding LLC and Teachers' Retirement System of the State of Illinois |
2 | Loan | 8, 9 | 4 | Kleban Retail Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Kenneth Kleban, Kleban Properties, LLC |
2.01 | Property | | 1 | Home Depot - Kenner | | | | | | | | | | |
2.02 | Property | | 1 | Altamira Shopping Village | | | | | | | | | | |
2.03 | Property | | 1 | Walmart - Mobile | | | | | | | | | | |
2.04 | Property | | 1 | Walgreens - Garden City | | | | | | | | | | |
3 | Loan | 6, A | 1 | Western Digital Milpitas Campus | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Blue Owl Capital, Inc. and Blue Owl Real Estate Capital, LLC |
4 | Loan | 6, 10 | 1 | Jordan Creek Town Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Brookfield Properties Retail Holding LLC |
5 | Loan | 6, 10 | 1 | Galleria at Tyler | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Brookfield Properties Retail Holding LLC and Teachers' Retirement System of the State of Illinois |
6 | Loan | 22, 24 | 1 | Aliz Hotel Times Square | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Helm Management, Inc. |
7 | Loan | | 1 | Bethesda Marriott | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Mezzanine | John J. Mullen |
8 | Loan | 26 | 1 | The Vista | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Percival Vaz and Luxmi Vaz |
9 | Loan | 6 | 1 | Respara | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Christopher M. Liebes and Hugh H. Evans, III |
10 | Loan | B | 1 | Highland Village | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | WS Development |
11 | Loan | 14, 25, C | 1 | Hampton Inn & Suites National Harbor | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | SAK Developers |
12 | Loan | 8, 9, D | 2 | Victory Louisiana Real Estate Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Victory Real Estate Investments, LLC |
12.01 | Property | | 1 | Westgate Shopping Center | | | | | | | | | | |
12.02 | Property | | 1 | Airline Shopping Center | | | | | | | | | | |
13 | Loan | | 1 | Wilshire Colonnade | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Tai Sing Lam |
14 | Loan | | 1 | Drexel Terraces | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Raphael Lowenstein and John Lowenstein |
15 | Loan | 6, 10, 28 | 1 | Staten Island Mall | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | BPR Nimbus LLC |
16 | Loan | 6, 12, 20, 27 | 1 | Casa Cipriani | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Joseph Cayre, Giuseppe Cipriani, Henry Hay and Harlan Berger |
17 | Loan | 15 | 1 | Canyon Park West | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Patrick Wood and Joel Farkas |
18 | Loan | 6 | 1 | 11755 Wilshire | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | California State Teachers’ Retirement System |
19 | Loan | | 1 | Delray Corner | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Sylvia Kanoff and Michael Kanoff |
20 | Loan | | 1 | 1575 Jersey Ave | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Victor Guindi, Henry Guindi and Fred Guindi |
21 | Loan | | 1 | Terrell Plaza | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Property Commerce Dividend Fund, LP |
22 | Loan | | 1 | Sherman Oaks First Plaza | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Govind Vaghashia |
23 | Loan | 16, E | 1 | Tahoma Vista | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Rhino Investments Group |
24 | Loan | | 1 | Greenbox II Self Storage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Bahman Shafa |
25 | Loan | | 1 | Ponder Place | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Mark Vakili |
26 | Loan | 8 | 2 | Oklahoma Texas Hotel Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Rohit B. Chaudhary |
26.01 | Property | | 1 | La Quinta Inn Brownwood | | | | | | | | | | |
26.02 | Property | | 1 | Hampton Inn Oklahoma City NE | | | | | | | | | | |
27 | Loan | F | 1 | Gateway Square Shopping Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | FHS Associates |
28 | Loan | | 1 | Elm Street Plaza | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Allan Bernheimer and Jeffrey R. Miller |
29 | Loan | | 1 | 927-933 Flatbush Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Ezra Ashkenazi |
30 | Loan | | 1 | Northville Shopping Center Phase II | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Grand Sakwa Properties LLC |
31 | Loan | 5 | 1 | US Storage Centers - La Crescenta, CA | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Westport Properties, Inc. |
32 | Loan | 8, 9, G | 2 | Swifts MHC and Gulf to Bay MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Bedrock Communities |
32.01 | Property | | 1 | Swifts MHC | | | | | | | | | | |
32.02 | Property | | 1 | Gulf to Bay MHC | | | | | | | | | | |
33 | Loan | | 1 | Compass Point Medical Complex | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Allan Bernheimer and Jeffrey R. Miller |
34 | Loan | H | 1 | Superior Building | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Gregory C. McLemore |
35 | Loan | 13, 17, 18 | 1 | 872 East 164th Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Joseph E. Safdie and Leah Waldman |
36 | Loan | | 1 | Walnut Grove MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Victor M. Martinez |
37 | Loan | | 1 | Park Place Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Gary L. Felder |
38 | Loan | 8, 9 | 2 | City Trailer Park and Stage Coach MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Victor M. Martinez |
38.01 | Property | | 1 | Stage Coach MHC | | | | | | | | | | |
38.02 | Property | | 1 | City Trailer Park | | | | | | | | | | |
39 | Loan | | 1 | CityLine Milledgeville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Robert Fortunoff, Scott Fortunoff, Gregory Fortunoff and Jill Gerstenblatt |
40 | Loan | | 1 | 1412 College Ave | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Joseph E. Safdie |
41 | Loan | 19 | 1 | Lexington Grand | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Michael Garland and Henry Loyd Fornes, III |
42 | Loan | | 1 | 4975 Clark Howell Highway | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Jill Pierce |
43 | Loan | | 1 | Taylors Square | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Francis Greenburger |
44 | Loan | 8 | 2 | East Coast Storage Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Randall Caldwell |
44.01 | Property | | 1 | MMJ Self Storage | | | | | | | | | | |
44.02 | Property | | 1 | AAA Self Storage | | | | | | | | | | |
45 | Loan | | 1 | Benton Crossing | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Francis Greenburger |
46 | Loan | 6, 10, 11, 23, I | 1 | Tysons Corner Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | The Macerich Partnership, L.P. and Alaska Permanent Fund Corporation |
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Non-Recourse Carveout Guarantor | Delaware Statutory Trust (Y/N) | Tenants-in-common (Y/N) |
| | | | | | | |
1 | Loan | 6, 7, 10, 21 | 1 | Kenwood Towne Centre | GGP-TRS L.L.C. | No | No |
2 | Loan | 8, 9 | 4 | Kleban Retail Portfolio | Kenneth Kleban | No | Yes |
2.01 | Property | | 1 | Home Depot - Kenner | | | |
2.02 | Property | | 1 | Altamira Shopping Village | | | |
2.03 | Property | | 1 | Walmart - Mobile | | | |
2.04 | Property | | 1 | Walgreens - Garden City | | | |
3 | Loan | 6, A | 1 | Western Digital Milpitas Campus | Blue Owl Real Estate Fund VI LP, Blue Owl Real Estate Fund VI (A) LP and Blue Owl Real Estate Fund VI (B) LP | No | No |
4 | Loan | 6, 10 | 1 | Jordan Creek Town Center | BPR Nimbus LLC | No | No |
5 | Loan | 6, 10 | 1 | Galleria at Tyler | GGP-TRS L.L.C. | No | No |
6 | Loan | 22, 24 | 1 | Aliz Hotel Times Square | Abraham Noy | No | No |
7 | Loan | | 1 | Bethesda Marriott | John J. Mullen | No | No |
8 | Loan | 26 | 1 | The Vista | AMCAL Multi-Housing Inc. | No | No |
9 | Loan | 6 | 1 | Respara | Christopher M. Liebes and Hugh H. Evans, III | No | No |
10 | Loan | B | 1 | Highland Village | SDM Holdings LLC | No | No |
11 | Loan | 14, 25, C | 1 | Hampton Inn & Suites National Harbor | Waheed Ashiq | No | No |
12 | Loan | 8, 9, D | 2 | Victory Louisiana Real Estate Portfolio | Victory Real Estate Investments, LLC | No | No |
12.01 | Property | | 1 | Westgate Shopping Center | | | |
12.02 | Property | | 1 | Airline Shopping Center | | | |
13 | Loan | | 1 | Wilshire Colonnade | Tai Sing Lam | No | No |
14 | Loan | | 1 | Drexel Terraces | Raphael Lowenstein and John Lowenstein | No | No |
15 | Loan | 6, 10, 28 | 1 | Staten Island Mall | BPR Nimbus LLC | No | No |
16 | Loan | 6, 12, 20, 27 | 1 | Casa Cipriani | Joseph Cayre, Giuseppe Cipriani, Henry Hay and Harlan Berger | No | No |
17 | Loan | 15 | 1 | Canyon Park West | Patrick Wood and Joel Farkas | No | No |
18 | Loan | 6 | 1 | 11755 Wilshire | NAP | No | No |
19 | Loan | | 1 | Delray Corner | Sylvia Kanoff and Michael Kanoff | No | No |
20 | Loan | | 1 | 1575 Jersey Ave | Victor Guindi, Henry Guindi and Fred Guindi | No | No |
21 | Loan | | 1 | Terrell Plaza | Property Commerce Dividend Fund, LP, Stanley Jay Williams, Jr. and Kevin Robins | No | No |
22 | Loan | | 1 | Sherman Oaks First Plaza | Govind Vaghashia | No | No |
23 | Loan | 16, E | 1 | Tahoma Vista | Sanjiv Chopra | No | No |
24 | Loan | | 1 | Greenbox II Self Storage | Bahman Shafa | No | No |
25 | Loan | | 1 | Ponder Place | Mark Vakili and The Vakili Family Trust Dated August 2, 1999 | No | No |
26 | Loan | 8 | 2 | Oklahoma Texas Hotel Portfolio | Rohit B. Chaudhary and Naresh Chaudhary | No | No |
26.01 | Property | | 1 | La Quinta Inn Brownwood | | | |
26.02 | Property | | 1 | Hampton Inn Oklahoma City NE | | | |
27 | Loan | F | 1 | Gateway Square Shopping Center | Mark F. Simens and Richard Alexander Freemon and Philip Gregory Freemon, each as Co-Trustee of Richard D. Freemon 1980 Inter-Vivos Trust u/t/a Dated July 30, 2010, as amended, al known as the Richard D. Freemon Trust, As Amended | No | No |
28 | Loan | | 1 | Elm Street Plaza | Allan Bernheimer and Jeffrey R. Miller | No | No |
29 | Loan | | 1 | 927-933 Flatbush Avenue | Ezra Ashkenazi | No | No |
30 | Loan | | 1 | Northville Shopping Center Phase II | Daniel L. Stern, Christopher G. Brochert and Stephen Grand Trust Under Agreement Dated September 15, 1988 | No | No |
31 | Loan | 5 | 1 | US Storage Centers - La Crescenta, CA | Laulhere Realty Limited Partnership | No | No |
32 | Loan | 8, 9, G | 2 | Swifts MHC and Gulf to Bay MHC | Bedrock MHC Partners III L.P. | No | No |
32.01 | Property | | 1 | Swifts MHC | | | |
32.02 | Property | | 1 | Gulf to Bay MHC | | | |
33 | Loan | | 1 | Compass Point Medical Complex | Allan Bernheimer and Jeffrey R. Miller | No | No |
34 | Loan | H | 1 | Superior Building | Gregory C. McLemore | No | No |
35 | Loan | 13, 17, 18 | 1 | 872 East 164th Street | Joseph E. Safdie and Leah Waldman | No | No |
36 | Loan | | 1 | Walnut Grove MHC | Victor M. Martinez | No | No |
37 | Loan | | 1 | Park Place Apartments | Gary L. Felder | No | No |
38 | Loan | 8, 9 | 2 | City Trailer Park and Stage Coach MHC | Victor M. Martinez | No | No |
38.01 | Property | | 1 | Stage Coach MHC | | | |
38.02 | Property | | 1 | City Trailer Park | | | |
39 | Loan | | 1 | CityLine Milledgeville | Richard Schontz, Lawrence Charles Kaplan, George Thacker and Peter J. Veltri | No | No |
40 | Loan | | 1 | 1412 College Ave | Joseph E. Safdie | No | No |
41 | Loan | 19 | 1 | Lexington Grand | Michael Garland and Henry Loyd Fornes, III | No | No |
42 | Loan | | 1 | 4975 Clark Howell Highway | Lawrence Charles Kaplan and George Thacker | No | No |
43 | Loan | | 1 | Taylors Square | Francis Greenburger | No | No |
44 | Loan | 8 | 2 | East Coast Storage Portfolio | Randall Caldwell | No | No |
44.01 | Property | | 1 | MMJ Self Storage | | | |
44.02 | Property | | 1 | AAA Self Storage | | | |
45 | Loan | | 1 | Benton Crossing | Francis Greenburger | No | No |
46 | Loan | 6, 10, 11, 23, I | 1 | Tysons Corner Center | The Macerich Partnership, L.P. | No | No |
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Loan Purpose | Property Located Within a Qualified Opportunity Zone (Y/N) | Sources: Loan Amount ($) | Sources: Principal's New Cash Contribution ($) | Sources: Subordinate Debt ($) | Sources: Other Sources ($) | Sources: Total Sources ($) | Uses: Loan Payoff ($) | Uses: Purchase Price ($) | Uses: Closing Costs ($) | Uses: Reserves ($) | Uses: Principal Equity Distribution ($) |
| | | | | | | | | | | | | | | | |
1 | Loan | 6, 7, 10, 21 | 1 | Kenwood Towne Centre | Refinance | | 260,000,000 | 0 | 0 | 0 | 260,000,000 | 211,601,763 | 0 | 3,205,539 | 3,966,953 | 41,225,745 |
2 | Loan | 8, 9 | 4 | Kleban Retail Portfolio | Refinance | | 69,800,000 | 1,720,977 | 0 | 0 | 71,520,977 | 69,716,808 | 0 | 1,343,004 | 461,164 | 0 |
2.01 | Property | | 1 | Home Depot - Kenner | | | | | | | | | | | | |
2.02 | Property | | 1 | Altamira Shopping Village | | | | | | | | | | | | |
2.03 | Property | | 1 | Walmart - Mobile | | | | | | | | | | | | |
2.04 | Property | | 1 | Walgreens - Garden City | | | | | | | | | | | | |
3 | Loan | 6, A | 1 | Western Digital Milpitas Campus | Recapitalization | | 126,000,000 | 70,581,281 | 0 | 0 | 196,581,281 | 0 | 0 | 4,131,281 | 0 | 0 |
4 | Loan | 6, 10 | 1 | Jordan Creek Town Center | Refinance | | 170,000,000 | 8,657,092 | 0 | 0 | 178,657,092 | 173,058,858 | 0 | 598,234 | 5,000,000 | 0 |
5 | Loan | 6, 10 | 1 | Galleria at Tyler | Refinance | | 150,000,000 | 13,330,744 | 0 | 0 | 163,330,744 | 152,794,561 | 0 | 611,806 | 9,924,378 | 0 |
6 | Loan | 22, 24 | 1 | Aliz Hotel Times Square | Refinance | | 49,900,000 | 0 | 0 | 0 | 49,900,000 | 44,546,160 | 0 | 1,492,528 | 439,256 | 3,422,056 |
7 | Loan | | 1 | Bethesda Marriott | Recapitalization | | 39,800,000 | 0 | 0 | 0 | 39,800,000 | 0 | 0 | 3,117,199 | 0 | 36,682,801 |
8 | Loan | 26 | 1 | The Vista | Refinance | | 38,500,000 | 2,731,046 | 0 | 0 | 41,231,046 | 38,831,704 | 0 | 2,065,561 | 333,781 | 0 |
9 | Loan | 6 | 1 | Respara | Refinance | | 61,500,000 | 0 | 0 | 0 | 61,500,000 | 54,463,006 | 0 | 1,174,578 | 55,544 | 5,806,872 |
10 | Loan | B | 1 | Highland Village | Refinance | | 35,000,000 | 0 | 0 | 0 | 35,000,000 | 29,235,798 | 0 | 1,072,293 | 2,616,865 | 2,075,044 |
11 | Loan | 14, 25, C | 1 | Hampton Inn & Suites National Harbor | Acquisition | | 34,300,000 | 15,614,710 | 0 | 0 | 49,914,710 | 0 | 47,000,000 | 1,104,710 | 1,810,000 | 0 |
12 | Loan | 8, 9, D | 2 | Victory Louisiana Real Estate Portfolio | Refinance | | 34,000,000 | 0 | 0 | 0 | 34,000,000 | 31,681,915 | 0 | 637,678 | 507,188 | 1,173,219 |
12.01 | Property | | 1 | Westgate Shopping Center | | | | | | | | | | | | |
12.02 | Property | | 1 | Airline Shopping Center | | | | | | | | | | | | |
13 | Loan | | 1 | Wilshire Colonnade | Refinance | Yes | 33,500,000 | 19,289,266 | 0 | 0 | 52,789,266 | 49,410,501 | 0 | 929,153 | 2,449,613 | 0 |
14 | Loan | | 1 | Drexel Terraces | Refinance | | 31,000,000 | 0 | 0 | 0 | 31,000,000 | 21,282,633 | 0 | 2,010,276 | 107,224 | 7,599,867 |
15 | Loan | 6, 10, 28 | 1 | Staten Island Mall | Refinance | | 200,000,000 | 11,179,744 | 0 | 0 | 211,179,744 | 204,429,707 | 0 | 1,766,053 | 4,983,984 | 0 |
16 | Loan | 6, 12, 20, 27 | 1 | Casa Cipriani | Refinance | | | | | | | | | | | |
17 | Loan | 15 | 1 | Canyon Park West | Refinance | | | | | | | | | | | |
18 | Loan | 6 | 1 | 11755 Wilshire | Refinance | | | | | | | | | | | |
19 | Loan | | 1 | Delray Corner | Refinance | | | | | | | | | | | |
20 | Loan | | 1 | 1575 Jersey Ave | Refinance | | | | | | | | | | | |
21 | Loan | | 1 | Terrell Plaza | Refinance | | | | | | | | | | | |
22 | Loan | | 1 | Sherman Oaks First Plaza | Refinance | | | | | | | | | | | |
23 | Loan | 16, E | 1 | Tahoma Vista | Refinance | | | | | | | | | | | |
24 | Loan | | 1 | Greenbox II Self Storage | Refinance | | | | | | | | | | | |
25 | Loan | | 1 | Ponder Place | Acquisition | | | | | | | | | | | |
26 | Loan | 8 | 2 | Oklahoma Texas Hotel Portfolio | Refinance/Acquisition | | | | | | | | | | | |
26.01 | Property | | 1 | La Quinta Inn Brownwood | | | | | | | | | | | | |
26.02 | Property | | 1 | Hampton Inn Oklahoma City NE | | | | | | | | | | | | |
27 | Loan | F | 1 | Gateway Square Shopping Center | Refinance | | | | | | | | | | | |
28 | Loan | | 1 | Elm Street Plaza | Refinance | | | | | | | | | | | |
29 | Loan | | 1 | 927-933 Flatbush Avenue | Refinance | | | | | | | | | | | |
30 | Loan | | 1 | Northville Shopping Center Phase II | Refinance | | | | | | | | | | | |
31 | Loan | 5 | 1 | US Storage Centers - La Crescenta, CA | Refinance | | | | | | | | | | | |
32 | Loan | 8, 9, G | 2 | Swifts MHC and Gulf to Bay MHC | Acquisition | | | | | | | | | | | |
32.01 | Property | | 1 | Swifts MHC | | | | | | | | | | | | |
32.02 | Property | | 1 | Gulf to Bay MHC | | | | | | | | | | | | |
33 | Loan | | 1 | Compass Point Medical Complex | Refinance | | | | | | | | | | | |
34 | Loan | H | 1 | Superior Building | Refinance | | | | | | | | | | | |
35 | Loan | 13, 17, 18 | 1 | 872 East 164th Street | Refinance | | | | | | | | | | | |
36 | Loan | | 1 | Walnut Grove MHC | Refinance | | | | | | | | | | | |
37 | Loan | | 1 | Park Place Apartments | Refinance | | | | | | | | | | | |
38 | Loan | 8, 9 | 2 | City Trailer Park and Stage Coach MHC | Refinance | | | | | | | | | | | |
38.01 | Property | | 1 | Stage Coach MHC | | | | | | | | | | | | |
38.02 | Property | | 1 | City Trailer Park | | | | | | | | | | | | |
39 | Loan | | 1 | CityLine Milledgeville | Acquisition | | | | | | | | | | | |
40 | Loan | | 1 | 1412 College Ave | Refinance | | | | | | | | | | | |
41 | Loan | 19 | 1 | Lexington Grand | Refinance | | | | | | | | | | | |
42 | Loan | | 1 | 4975 Clark Howell Highway | Acquisition | | | | | | | | | | | |
43 | Loan | | 1 | Taylors Square | Refinance | | | | | | | | | | | |
44 | Loan | 8 | 2 | East Coast Storage Portfolio | Refinance | | | | | | | | | | | |
44.01 | Property | | 1 | MMJ Self Storage | | | | | | | | | | | | |
44.02 | Property | | 1 | AAA Self Storage | | | | | | | | | | | | |
45 | Loan | | 1 | Benton Crossing | Recapitalization | | | | | | | | | | | |
46 | Loan | 6, 10, 11, 23, I | 1 | Tysons Corner Center | Refinance | | | | | | | | | | | |
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Uses: Other Uses ($) | Uses: Total Uses ($) | Franchise Agreement Expiration | Underwritten ADR ($) | Underwritten RevPAR ($) | Underwritten Hotel Occupancy (%) | Most Recent ADR ($) | Most Recent RevPAR ($) | Most Recent Hotel Occupancy (%) | Second Most Recent ADR ($) | Second Most Recent RevPAR ($) | Second Most Recent Hotel Occupancy (%) | Third Most Recent ADR ($) | Third Most Recent RevPAR ($) |
| | | | | | | | | | | | | | | | | | |
1 | Loan | 6, 7, 10, 21 | 1 | Kenwood Towne Centre | 0 | 260,000,000 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
2 | Loan | 8, 9 | 4 | Kleban Retail Portfolio | 0 | 71,520,977 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
2.01 | Property | | 1 | Home Depot - Kenner | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
2.02 | Property | | 1 | Altamira Shopping Village | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
2.03 | Property | | 1 | Walmart - Mobile | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
2.04 | Property | | 1 | Walgreens - Garden City | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3 | Loan | 6, A | 1 | Western Digital Milpitas Campus | 192,450,000 | 196,581,281 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
4 | Loan | 6, 10 | 1 | Jordan Creek Town Center | 0 | 178,657,092 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
5 | Loan | 6, 10 | 1 | Galleria at Tyler | 0 | 163,330,744 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
6 | Loan | 22, 24 | 1 | Aliz Hotel Times Square | 0 | 49,900,000 | NAP | 241.23 | 195.81 | 81.2% | 241.23 | 195.81 | 81.2% | 224.83 | 160.05 | 71.2% | 139.04 | 67.42 |
7 | Loan | | 1 | Bethesda Marriott | 0 | 39,800,000 | NAP | 163.98 | 91.16 | 55.6% | 163.98 | 91.16 | 55.6% | 146.73 | 71.51 | 48.7% | 112.87 | 34.30 |
8 | Loan | 26 | 1 | The Vista | 0 | 41,231,046 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
9 | Loan | 6 | 1 | Respara | 0 | 61,500,000 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10 | Loan | B | 1 | Highland Village | 0 | 35,000,000 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
11 | Loan | 14, 25, C | 1 | Hampton Inn & Suites National Harbor | 0 | 49,914,710 | 3/31/2039 | 224.78 | 177.34 | 78.9% | 224.78 | 177.34 | 78.9% | 222.57 | 175.72 | 79.0% | 217.31 | 137.32 |
12 | Loan | 8, 9, D | 2 | Victory Louisiana Real Estate Portfolio | 0 | 34,000,000 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
12.01 | Property | | 1 | Westgate Shopping Center | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
12.02 | Property | | 1 | Airline Shopping Center | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
13 | Loan | | 1 | Wilshire Colonnade | 0 | 52,789,266 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
14 | Loan | | 1 | Drexel Terraces | 0 | 31,000,000 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
15 | Loan | 6, 10, 28 | 1 | Staten Island Mall | 0 | 211,179,744 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
16 | Loan | 6, 12, 20, 27 | 1 | Casa Cipriani | | | NAP | 1,365.46 | 887.57 | 65.0% | 1,365.46 | 887.57 | 65.0% | 1,379.90 | 796.65 | 57.7% | 1,684.05 | 483.95 |
17 | Loan | 15 | 1 | Canyon Park West | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
18 | Loan | 6 | 1 | 11755 Wilshire | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
19 | Loan | | 1 | Delray Corner | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
20 | Loan | | 1 | 1575 Jersey Ave | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
21 | Loan | | 1 | Terrell Plaza | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
22 | Loan | | 1 | Sherman Oaks First Plaza | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
23 | Loan | 16, E | 1 | Tahoma Vista | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
24 | Loan | | 1 | Greenbox II Self Storage | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
25 | Loan | | 1 | Ponder Place | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
26 | Loan | 8 | 2 | Oklahoma Texas Hotel Portfolio | | | Various | 110.05 | 80.87 | 73.5% | 110.05 | 80.87 | 73.5% | 103.90 | 78.60 | 75.6% | 88.38 | 64.59 |
26.01 | Property | | 1 | La Quinta Inn Brownwood | | | 5/20/2041 | 124.69 | 102.38 | 82.1% | 124.69 | 102.38 | 82.1% | 113.75 | 95.30 | 83.8% | 93.48 | 75.87 |
26.02 | Property | | 1 | Hampton Inn Oklahoma City NE | | | 3/31/2039 | 91.80 | 59.65 | 65.0% | 91.80 | 59.65 | 65.0% | 91.86 | 62.13 | 67.6% | 82.10 | 53.47 |
27 | Loan | F | 1 | Gateway Square Shopping Center | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
28 | Loan | | 1 | Elm Street Plaza | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
29 | Loan | | 1 | 927-933 Flatbush Avenue | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
30 | Loan | | 1 | Northville Shopping Center Phase II | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
31 | Loan | 5 | 1 | US Storage Centers - La Crescenta, CA | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
32 | Loan | 8, 9, G | 2 | Swifts MHC and Gulf to Bay MHC | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
32.01 | Property | | 1 | Swifts MHC | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
32.02 | Property | | 1 | Gulf to Bay MHC | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
33 | Loan | | 1 | Compass Point Medical Complex | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
34 | Loan | H | 1 | Superior Building | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
35 | Loan | 13, 17, 18 | 1 | 872 East 164th Street | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
36 | Loan | | 1 | Walnut Grove MHC | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
37 | Loan | | 1 | Park Place Apartments | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
38 | Loan | 8, 9 | 2 | City Trailer Park and Stage Coach MHC | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
38.01 | Property | | 1 | Stage Coach MHC | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
38.02 | Property | | 1 | City Trailer Park | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
39 | Loan | | 1 | CityLine Milledgeville | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
40 | Loan | | 1 | 1412 College Ave | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
41 | Loan | 19 | 1 | Lexington Grand | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
42 | Loan | | 1 | 4975 Clark Howell Highway | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
43 | Loan | | 1 | Taylors Square | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
44 | Loan | 8 | 2 | East Coast Storage Portfolio | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
44.01 | Property | | 1 | MMJ Self Storage | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
44.02 | Property | | 1 | AAA Self Storage | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
45 | Loan | | 1 | Benton Crossing | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
46 | Loan | 6, 10, 11, 23, I | 1 | Tysons Corner Center | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Third Most Recent Hotel Occupancy (%) | Coop - Committed Secondary Debt | Coop - Rental Value | Coop - LTV as Rental | Coop - Unsold Percent | Coop - Sponsor Units | Coop - Investor Units | Coop - Coop Units | Coop - Sponsor/Investor Carry |
| | | | | | | | | | | | | |
1 | Loan | 6, 7, 10, 21 | 1 | Kenwood Towne Centre | NAP | | | | | | | | |
2 | Loan | 8, 9 | 4 | Kleban Retail Portfolio | NAP | | | | | | | | |
2.01 | Property | | 1 | Home Depot - Kenner | NAP | | | | | | | | |
2.02 | Property | | 1 | Altamira Shopping Village | NAP | | | | | | | | |
2.03 | Property | | 1 | Walmart - Mobile | NAP | | | | | | | | |
2.04 | Property | | 1 | Walgreens - Garden City | NAP | | | | | | | | |
3 | Loan | 6, A | 1 | Western Digital Milpitas Campus | NAP | | | | | | | | |
4 | Loan | 6, 10 | 1 | Jordan Creek Town Center | NAP | | | | | | | | |
5 | Loan | 6, 10 | 1 | Galleria at Tyler | NAP | | | | | | | | |
6 | Loan | 22, 24 | 1 | Aliz Hotel Times Square | 48.5% | | | | | | | | |
7 | Loan | | 1 | Bethesda Marriott | 30.4% | | | | | | | | |
8 | Loan | 26 | 1 | The Vista | NAP | | | | | | | | |
9 | Loan | 6 | 1 | Respara | NAP | | | | | | | | |
10 | Loan | B | 1 | Highland Village | NAP | | | | | | | | |
11 | Loan | 14, 25, C | 1 | Hampton Inn & Suites National Harbor | 63.2% | | | | | | | | |
12 | Loan | 8, 9, D | 2 | Victory Louisiana Real Estate Portfolio | NAP | | | | | | | | |
12.01 | Property | | 1 | Westgate Shopping Center | NAP | | | | | | | | |
12.02 | Property | | 1 | Airline Shopping Center | NAP | | | | | | | | |
13 | Loan | | 1 | Wilshire Colonnade | NAP | | | | | | | | |
14 | Loan | | 1 | Drexel Terraces | NAP | | | | | | | | |
15 | Loan | 6, 10, 28 | 1 | Staten Island Mall | NAP | | | | | | | | |
16 | Loan | 6, 12, 20, 27 | 1 | Casa Cipriani | 28.7% | | | | | | | | |
17 | Loan | 15 | 1 | Canyon Park West | NAP | | | | | | | | |
18 | Loan | 6 | 1 | 11755 Wilshire | NAP | | | | | | | | |
19 | Loan | | 1 | Delray Corner | NAP | | | | | | | | |
20 | Loan | | 1 | 1575 Jersey Ave | NAP | | | | | | | | |
21 | Loan | | 1 | Terrell Plaza | NAP | | | | | | | | |
22 | Loan | | 1 | Sherman Oaks First Plaza | NAP | | | | | | | | |
23 | Loan | 16, E | 1 | Tahoma Vista | NAP | | | | | | | | |
24 | Loan | | 1 | Greenbox II Self Storage | NAP | | | | | | | | |
25 | Loan | | 1 | Ponder Place | NAP | | | | | | | | |
26 | Loan | 8 | 2 | Oklahoma Texas Hotel Portfolio | 73.1% | | | | | | | | |
26.01 | Property | | 1 | La Quinta Inn Brownwood | 81.2% | | | | | | | | |
26.02 | Property | | 1 | Hampton Inn Oklahoma City NE | 65.1% | | | | | | | | |
27 | Loan | F | 1 | Gateway Square Shopping Center | NAP | | | | | | | | |
28 | Loan | | 1 | Elm Street Plaza | NAP | | | | | | | | |
29 | Loan | | 1 | 927-933 Flatbush Avenue | NAP | | | | | | | | |
30 | Loan | | 1 | Northville Shopping Center Phase II | NAP | | | | | | | | |
31 | Loan | 5 | 1 | US Storage Centers - La Crescenta, CA | NAP | | | | | | | | |
32 | Loan | 8, 9, G | 2 | Swifts MHC and Gulf to Bay MHC | NAP | | | | | | | | |
32.01 | Property | | 1 | Swifts MHC | NAP | | | | | | | | |
32.02 | Property | | 1 | Gulf to Bay MHC | NAP | | | | | | | | |
33 | Loan | | 1 | Compass Point Medical Complex | NAP | | | | | | | | |
34 | Loan | H | 1 | Superior Building | NAP | | | | | | | | |
35 | Loan | 13, 17, 18 | 1 | 872 East 164th Street | NAP | | | | | | | | |
36 | Loan | | 1 | Walnut Grove MHC | NAP | | | | | | | | |
37 | Loan | | 1 | Park Place Apartments | NAP | | | | | | | | |
38 | Loan | 8, 9 | 2 | City Trailer Park and Stage Coach MHC | NAP | | | | | | | | |
38.01 | Property | | 1 | Stage Coach MHC | NAP | | | | | | | | |
38.02 | Property | | 1 | City Trailer Park | NAP | | | | | | | | |
39 | Loan | | 1 | CityLine Milledgeville | NAP | | | | | | | | |
40 | Loan | | 1 | 1412 College Ave | NAP | | | | | | | | |
41 | Loan | 19 | 1 | Lexington Grand | NAP | | | | | | | | |
42 | Loan | | 1 | 4975 Clark Howell Highway | NAP | | | | | | | | |
43 | Loan | | 1 | Taylors Square | NAP | | | | | | | | |
44 | Loan | 8 | 2 | East Coast Storage Portfolio | NAP | | | | | | | | |
44.01 | Property | | 1 | MMJ Self Storage | NAP | | | | | | | | |
44.02 | Property | | 1 | AAA Self Storage | NAP | | | | | | | | |
45 | Loan | | 1 | Benton Crossing | NAP | | | | | | | | |
46 | Loan | 6, 10, 11, 23, I | 1 | Tysons Corner Center | NAP | | | | | | | | |
(1) | JPMCB—JPMorgan Chase Bank, National Association; MSBNA—Morgan Stanley Bank, N.A.; MSMCH—Morgan Stanley Mortgage Capital Holdings LLC; WFB—Wells Fargo Bank, National Association; BANA—Bank of America, National Association. |
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(2) | Certain tenants may not be in occupancy or may be in free rent periods. See "Description of the Mortgage Pool—Tenant Issues—Lease Expirations and Terminations—Other” in this prospectus for information regarding single tenant properties, the 5 largest tenants at Mortgaged Properties securing the 15 largest Mortgage Loans and tenants that occupy 50% or more of the net rentable area at their respective Mortgaged Properties which are not in occupancy or are in free rent periods. |
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(3) | The Administrative Fee Rate includes the Servicing Fee Rate, Operating Advisor Fee Rate, Certificate Administrator/Trustee Fee Rate, Asset Representations Reviewer Fee Rate, CREFC® Intellectual Property Royalty License Fee Rate. |
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(4) | Certain tenants may have lease termination options that are exercisable prior to the originally stated expiration date of the subject lease. See "Description of the Mortgage Pool—Tenant Issues—Lease Expirations and Terminations—Terminations” for information regarding certain lease termination options affecting single tenant properties, the 5 largest tenants at Mortgaged Properties securing the 15 largest Mortgage Loans and tenants that occupy 50% or more of the net rentable area at their respective Mortgaged Properties. |
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(5) | With Respect to Mortgage Loan No. 31, US Storage Centers - La Crescenta, CA, the Number of Units includes 22,895 SF of retail tenants. |
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(6) | With respect to Mortgage Loan No. 1, Kenwood Towne Centre, Mortgage Loan No. 3, Western Digital Milpitas Campus, Mortgage Loan No. 4, Jordan Creek Town Center, Mortgage Loan No. 5, Galleria at Tyler, Mortgage Loan No. 9, Respara, Mortgage Loan No. 15, Staten Island Mall, Mortgage Loan No. 16, Casa Cipriani, Mortgage Loan No. 18, 11755 Wilshire and Mortgage Loan No. 46, Tysons Corner Center, such Mortgage Loans are each part of a Whole Loan related to the Issuing Entity. For purposes of the statistical information set forth in this prospectus as to such Mortgage Loans, all LTV, DSCR, Debt Yield and Loan Per Unit ($) calculations are in each case based on the subject Mortgage Loan, together with any related Pari Passu Companion Loan, but (unless otherwise indicated) without regard to any related Subordinate Companion Loan(s). For further information, see “Description of the Mortgage Pool—The Whole Loans—General”, “—The Serviced Pari Passu Whole Loans”, “—The Non-Serviced Pari Passu Whole Loans”, “Pooling and Servicing Agreement” or “Pooling and Servicing Agreement—Servicing of the Non-Serviced Mortgage Loans,” as applicable, in this prospectus. |
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(7) | With respect to Mortgage Loan No. 1, Kenwood Towne Centre, the Number of Units consists of 770,312 SF of owned improvements and 262,829 SF of leased fee improvements. The Loan Per Unit ($) is based on the total SF of 1,033,141. The Loan Per Unit ($) based on the owned SF of 770,312 is $337.53. |
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(8) | With respect to Mortgage Loan No. 2, Kleban Retail Portfolio, Mortgage Loan No. 12, Victory Louisiana Real Estate Portfolio, Mortgage Loan No. 26, Oklahoma Texas Hotel Portfolio, Mortgage Loan No. 32, Swifts MHC and Gulf to Bay MHC, Mortgage Loan No. 38, City Trailer Park and Stage Coach MHC and Mortgage Loan No. 44, East Coast Storage Portfolio, such Mortgage Loans are secured by multiple Mortgaged Properties. For purposes of the statistical information set forth in this prospectus as to such Mortgage Loans, all LTV, DSCR, Debt Yield and Loan Per Unit ($) calculations are shown on an aggregate basis, and a portion of the Cut-off Date Balance has been allocated to each Mortgaged Property based on the respective Appraised Values and/or Underwritten NCF, among other methods. |
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(9) | With respect to Mortgage Loan No. 2, Kleban Retail Portfolio, Mortgage Loan No. 12, Victory Louisiana Real Estate Portfolio, Mortgage Loan No. 32, Swifts MHC and Gulf to Bay MHC, and Mortgage Loan No. 38, City Trailer Park and Stage Coach MHC, the related Mortgage Loan documents permit a partial collateral release subject to LTV, DSCR and/or Debt Yield tests, or other release conditions in connection with a partial defeasance, partial prepayment or partial assumption of the related Mortgage Loan or substitution of a Mortgaged Property. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Releases; Partial Releases; Property Additions” in this prospectus. |
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(10) | With respect to Mortgage Loan No. 1, Kenwood Towne Centre, Mortgage Loan No. 4, Jordan Creek Town Center, Mortgage Loan No. 5, Galleria at Tyler, Mortgage Loan No. 15, Staten Island Mall and Mortgage Loan No. 46, Tysons Corner Center, the related Mortgage Loan documents permit an outparcel or other release without prepayment or defeasance. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Releases; Partial Releases; Property Additions” in this prospectus. |
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(11) | With respect to Loan No. 46, Tysons Corner Center, the Whole Loan is permitted to be prepaid with the payment of a yield maintenance premium any time from and after the date that is the earlier to occur (a) the monthly payment date occurring in December 2026 and (b) the end of the two-year period commencing on the closing date of the securitization of the last portion of the Tysons Corner Center Whole Loan to be securitized (the “Lockout Release Date”), while defeasance is permitted on any business day after the Lockout Release Date. The assumed yield maintenance premium lockout period of 28 is based on the expected closing date of this transaction on May 6, 2024. |
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(12) | With respect to Loan No. 16, Casa Cipriani, the borrower master leases the Mortgaged Property to 10 South Street Master Tenant LLC (the “Master Lessee”) under which the Master Lessee operates the Mortgaged Property and pays rent to the |
| borrower. The Master Lessee has entered into three subleases with affiliates of the borrower which entities collect revenues from the Mortgaged Property. The borrower is entitled to receive rents under the master lease rather than the underlying revenue collected by the operating sublessees. The operating sublessees are party to the Casa Cipriani Mortgage Loan agreement and have agreed to comply with the lockbox and cash management provisions therein. Revenue and cash flow information are based on the underlying revenue from the Mortgaged Property, rather than on the rent due under the master lease or any operating sublease. The debt service coverage ratio and debt yield based on the master base rent of $8,389,807 plus supplemental rent of $2,632,961 for the year 2024 are 1.30x and 10.7%, respectively. |
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(13) | With respect to Mortgage Loan No. 35, 872 East 164th Street, the Mortgage Loan was underwritten assuming a 421-a exemption, which the borrower is in the process of applying for, would be received, and assuming that overage rent would be received under the CityFHEPS program. In addition, the Mortgage Loan was underwritten assuming 95% occupancy. Occupancy as of February 2, 2024 was 88.9%. There are currently 2 vacant affordable units. Tenants have been identified for the 2 vacant affordable units and the borrower is expected to execute direct leases with the tenants if and when their CityFHEPS vouchers are approved. Without the 421-a exemption (but assuming 95% occupancy), Underwritten NOI DSCR (x) would be 1.13x, Underwritten NCF DSCR (x) would be 1.12x, Underwritten NOI Debt Yield (%) would be 7.8% and Underwritten NCF Debt Yield (%) would be 7.7%. Without the 421-a tax exemption, and assuming that rents were paid under the Section 8 tenant-based assistance rental certificate program of the United States Department of Housing and Urban Development, rather than under the CityFHEPS program (but assuming 95% occupancy), Underwritten NOI DSCR (x), Underwritten NCF DSCR (x), Underwritten NOI Debt Yield (%) and Underwritten NCF Debt Yield (%) would be 0.98x, 0.97x, 6.7% and 6.7%, respectively. |
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(14) | With respect to Loan No. 11, Hampton Inn & Suites National Harbor, the Appraised Value of $49,000,000 represents the “As-If PIP Escrowed” appraised value based on the hypothetical assumption that the franchise required property improvement plan (“PIP”) would be funded by a cash reserve held in escrow and that such reserved funds would be available for any potential purchase. At origination of the Hampton Inn & Suites National Harbor Mortgage Loan, the borrower deposited $1,800,000 into a PIP reserve to fund a franchise required PIP. Based on the “As-Is” appraised value of $47,000,000, the Hampton Inn & Suites National Harbor Mortgage Loan results in a Cut-off Date LTV Ratio and LTV Ratio at Maturity / ARD of 73.0%. |
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(15) | With respect to Mortgage Loan No. 17, Canyon Park West, the Appraised Value represents the Market Value Hypothetical with Reserve, which assumes In-N-Out Burger has opened for business and commenced rent payments at origination. The In N Out 20-year lease is signed and all leasing costs and gap rent were reserved at origination. |
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(16) | With respect to Mortgage Loan No. 23, Tahoma Vista, the Appraised Value of $17,590,000 represents an as-is appraised value based on the extraordinary assumption that the tenant allowance of $1,052,200 for the tenant Urban Air has been escrowed. At origination of the Tahoma Vista Mortgage Loan, $1,052,200 was escrowed with the lender for the Urban Air tenant allowance. Based on the "as-is" appraised value of $16,390,000, the Tahoma Vista Mortgage Loan results in a Cut-off Date LTV Ratio and LTV Ratio at Maturity / ARD of 67.4%. |
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(17) | With respect to Mortgage Loan No. 35, 872 East 164th Street, the Appraised Value of $9,800,000 represents the Prospective Value Upon Stabilization value as of January 1, 2024, which assumes occupancy of 96.5%. Based on the "as is" Appraised Value of $9,750,000 as of November 17, 2023, the 872 East 164th Street Mortgage Loan would result in a Cut-off Date LTV Ratio and LTV Ratio at Maturity / ARD of 61.8%. The appraisal assumes occupancy of 96.5%, while occupancy as of February 2, 2024 was 88.9%. There are currently 2 vacant affordable units. Tenants have been identified for the 2 vacant affordable units and the borrower is expected to execute direct leases with the tenants if and when their CityFHEPS vouchers are approved. If these leases are executed, occupancy would increase to 100.0%. |
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(18) | With respect to Mortgage Loan No. 35, 872 East 164th Street, the borrower is in the process of applying for a 421-a tax exemption, which has not been approved. The appraisal calculates the net present value of such 421-a exemption to be $2,727,549, and adds such value to the capitalized value set forth in the appraisal. If such net present value were to be subtracted from the appraised value, the appraised value would be $7,072,451, which would result in a Cut-off Date LTV Ratio and LTV Ratio at Maturity / ARD of 85.3%. There can be no assurance that a 421-a exemption will be approved, or of what the appraised value or actual value of the 872 East 164th Street Mortgaged Property would be if the exemption were not approved. In addition, the appraised value includes the present value of overage rent (above market rent) obtained from the CityFHEPS program to be $467,084. If such present value were also deducted, the appraised value would be $6,605,367, which would result in a Cut-off Date LTV Ratio and LTV Ratio at Maturity / ARD of 91.3%. There can be no assurance as to what the appraised value or actual value of the 872 East 164th Street Mortgaged Property would be if it were not rented pursuant to the City FHEPS program. The appraisal assumes occupancy of 96.5%, while occupancy as of February 2, 2024 was 88.9%. There are currently 2 vacant affordable units. Tenants have been identified for the 2 vacant affordable units and the borrower is expected to execute direct leases with the tenants if and when their CityFHEPS vouchers are approved. If these leases are executed, occupancy would increase to 100.0%. |
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(19) | With respect to Mortgage Loan No. 41, Lexington Grand, the as is LTV is 62.0%, which does not include the subordinate HOME loan, which was funded by HUD. The total balance LTV inclusive of the HOME loan is 72.4% as of March 27, 2024. |
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(20) | With respect to Loan No. 16, Casa Cipriani, the Mortgaged Property is comprised of a 146,486 square foot, 47-room luxury hotel, event space and private members club. Leased Occupancy (%) at the Mortgaged Property is based on the hotel component. |
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(21) | With respect to Mortgage Loan No. 1, Kenwood Towne Centre, the Largest Tenant, Macy’s, is a leased fee tenant, which owns its improvements. |
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(22) | With respect to Loan No. 6, Aliz Hotel Times Square, the related borrower, as landlord, and an affiliate of the borrower, Aliz Group, LLC, as tenant (the “Master Tenant”), have executed, effective as of January 1, 2024, that certain Amended and Restated Ground Lease (the “Master Lease”), under which the Master Tenant operates the Mortgaged Property. The related Mortgage Loan is secured by both the borrower’s fee interest and the Master Tenant’s leasehold interest in the Mortgaged Property. |
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(23) | With respect to Loan No. 46, Tysons Corner Center, the fee interest Mortgaged Property is subject to an affiliate ground lease between Tysons Corner Property Holdings LLC (the “Fee Borrower”), as landlord, and Tysons Corner Holdings LLC (the “Leasehold Borrower”), as ground lessee. The Mortgage Loan is a fee and leasehold mortgage which encumbers each of the fee estate owned by Fee Borrower and the leasehold estate owned by Leasehold Borrower. The term of the ground lease commenced on November 26, 1962, and terminates on August 31, 2035. The ground lease does not provide for any further extension options. The annual base rent for the ground lease may never be less than an amount equal to 6% of the product of $1.00 times the total number of square feet in the total area of the Mortgaged Property. The annual ground rent under the ground lease is currently $1,565,412. |
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(24) | With respect to Loan No. 6, Aliz Hotel Times Square, in connection with any leases at the Mortgaged Property entered into in accordance with Mortgage Loan documents, the borrower has the right to request that the lender transfer to the rollover reserve account a portion of the FF&E reserve funds in amount equal to the amount of the related leasing items. |
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(25) | With respect to Loan No. 11, Hampton Inn & Suites National Harbor, commencing on the earlier to occur of (i) a cash sweep period and (ii) the 18th payment date following the origination date, the borrower is required to deposit into an FF&E reserve, on a monthly basis, an amount equal to (i) with respect to any payment date from the origination date until March 8, 2028, 4% of the sum of (a) operating income plus (b) gross rents for the calendar month two months prior and (ii) with respect to any payment date after March 8, 2028 until the maturity date, 5% of the sum of (a) operating income plus (b) gross rents for the calendar month two months prior. |
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(26) | With respect to Mortgage Loan No. 8, The Vista, the Mortgage Loan documents require an upfront reserve of $291,500 for Upfront Debt Service Reserve ($) and Monthly Debt Service Reserve ($) of $41,700, capped at $500,000. Provided, however, that the borrower is only required to make the debt service monthly deposit to the extent that sufficient cash flow exists, for the applicable month, after payment of debt service, operating expenses, and all other sums due under the loan documents. On September 30th of each year, following the closing date, the lender will disburse up to $250,000 from the debt service reserve to the borrower provided there is (i) no event of default continuing, (ii) the physical occupancy rate at The Vista Mortgaged Property is equal to or greater than 85% and (iii) the debt service coverage ratio is equal to or greater than 1.20x. |
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(27) | With respect to Loan No. 16, Casa Cipriani, the borrower is required to deposit on the monthly payment date occurring in April 2024 and on each monthly payment date thereafter through and including the monthly payment date occurring in December 2025, an amount equal to $70,485.24 (which amount is intended to be equal monthly payments such that the put price reserve account has sufficient funds by the monthly payment date occurring in December 2025 to pay the put price (estimated to equal $1,480,190.00) to the historic tax credit investor). |
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(28) | With respect to Mortgage Loan No. 15, Staten Island Mall, the borrower may cure a cash management period by (a) partially prepaying the Mortgage Loan (including the applicable yield maintenance premium) in an amount that would cause the debt yield to be at least 11.0% or (b) posting cash or a letter of credit which if applied to the balance would cause the debt yield to be at least 11.0%. The borrower may cure a cash sweep period by (a) partially prepaying the loan (including the applicable yield maintenance premium) in an amount that would cause the debt yield to be at least 10.5% or (b) posting cash or a letter of credit which if applied to the balance would cause the debt yield to be at least 10.5%. |
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A. | "Yield Maintenance Premium" means an amount equal to the greater of: (i)(A) if no event of default is outstanding as of the date and time of prepayment, one percent (1%) of the principal amount of the Loan being prepaid or (B) if an Event of Default is outstanding as of the date and time of prepayment, four percent (4%) of the principal amount of the Loan being prepaid and (ii) the excess, if any, of (A) the present value (determined using a discount rate equal to the Treasury Note Rate at such time) of all payments of principal and interest payable in respect of the principal amount of the Loan being prepaid (including the payment of principal and interest due on the Maturity Date in respect of the amount of the Loan being prepaid); provided that the Note be deemed, for purposes of this definition, to be due and payable on the Open Prepayment Date, over (B) the principal amount of the Loan being prepaid. As used in this definition, the term "Treasury Note Rate" means, at the time of the prepayment, as applicable, the rate of interest per annum equal to the yield to maturity (converted by Lender to the equivalent monthly yield using Lender’s then system of conversion) of the United States Treasury obligations selected by the holder of the Note having maturity dates closest to, but not exceeding, the remaining term to the Open Prepayment Date. As used in this definition, the term "Open Prepayment Date" means August 11, 2028. |
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B. | “Yield Maintenance” means an amount equal to the greater of (i) one percent (1%) of the principal amount of the Loan being prepaid, and (ii) (a) the amount, if any, by which the sum of the present values as of the prepayment date of all unpaid principal and interest payments required hereunder, calculated by discounting such payments from the respective dates each such payment was due hereunder (or, with respect to the payment required from and after January 1, 2029 (the “Open Period Start Date”) (assuming the outstanding principal balance of the Loan is due on the Open Period Start Date), from the Open Period |
| Start Date) back to the prepayment date at a discount rate equal to the Periodic Treasury Yield (defined below) exceeds the outstanding principal balance of the Loan as of the prepayment date, multiplied by (b) a fraction whose numerator is the amount prepaid and whose denominator is the outstanding principal balance of the Loan as of the prepayment date. For purposes of the foregoing, “Periodic Treasury Yield” means (y) the annual yield to maturity of the actively traded non-callable United States Treasury fixed interest rate security (other than any such security which can be surrendered at the option of the holder at face value in payment of federal estate tax or which was issued at a substantial discount) that has a maturity closest to (whether before, on or after) the Open Period Start Date (or if two or more such securities have maturity dates equally close to the Open Period Start Date, the average annual yield to maturity of all such securities), as reported in The Wall Street Journal or other authoritative publication or news retrieval service on the fifth (5th) Business Day preceding the prepayment date, divided by (z) twelve (12). Lender’s calculation of Yield Maintenance, and all component calculations, be conclusive and binding on Borrower absent manifest error. |
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C. | "Yield Maintenance Premium" means an amount equal to the greater of (a) one percent (1%) of the outstanding principal of the Loan to be prepaid or satisfied and (b) the excess, if any, of (i) the sum of the present values of all then-scheduled payments of principal and interest under the Note assuming that all scheduled payments are made timely and that the remaining outstanding principal and interest on the Loan is paid on the Permitted Par Prepayment Date (with each such payment and assumed payment discounted to its present value at the date of prepayment at the rate which, when compounded monthly, is equivalent to the Prepayment Rate when compounded semi-annually and deducting from the sum of such present values any short-term interest paid from the date of prepayment to the next succeeding Payment Date in the event such payment is not made on a Payment Date), over (ii) the principal amount being prepaid. As used in this definition, the term "Prepayment Rate Determination Date" means the date that is five business days prior to the date that such prepayment will be applied. As used in this definition, the term "Permitted Par Prepayment Date" means November 2, 2028. As used in this definition, the term "Prepayment Rate" means the bond equivalent yield (in the secondary market) on the United States Treasury Security that as of the Prepayment Rate Determination Date has a remaining term to maturity closest to, but not exceeding, the remaining term to the Permitted Par Prepayment Date as most recently published in "Statistical Release H.15 (519), Selected Interest Rates," or any successor publication, published by the Board of Governors of the Federal Reserve System, or on the basis of such other publication or statistical guide as Lender may reasonably select. |
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D. | “Yield Maintenance Premium” means an amount equal to the greater of (i) one percent (1%) of the principal amount of the Loan being prepaid and (ii) an amount equal to the present value as of the Prepayment Date of the Calculated Payments from the Prepayment Date through the Stated Maturity Date determined by discounting such payments at the Discount Rate. As used in this definition, the term “Prepayment Date” means the date on which prepayment is made. As used in this definition, the term “Calculated Payments” means the monthly payments of interest only which would be due based on the principal amount of the Loan being prepaid on the Prepayment Date and assuming an interest rate per annum equal to the difference (if such difference is greater than zero) between (y) the Interest Rate and (z) the Yield Maintenance Treasury Rate. As used in this definition, the term “Discount Rate” means the rate which, when compounded monthly, is equivalent to the Yield Maintenance Treasury Rate, when compounded semi-annually. As used in this definition, the term “Yield Maintenance Treasury Rate” means the yield calculated by Lender by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H.15-Selected Interest Rates under the heading U.S. Government Securities/Treasury Constant Maturities for the week ending prior to the Prepayment Date, of U.S. Treasury Constant Maturities with maturity dates (one longer or one shorter) most nearly approximating the Stated Maturity Date. In the event Release H.15 is no longer published, Lender will select a comparable publication to determine the Yield Maintenance Treasury Rate. In no event, however, will Lender be required to reinvest any prepayment proceeds in U.S. Treasury obligations or otherwise. |
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E. | “Yield Maintenance Premium” means an amount equal to the greater of (i) one percent (1%) of the principal amount of the Loan being prepaid and (ii) an amount equal to the present value as of the Prepayment Date of the Calculated Payments from the Prepayment Date through the Permitted Prepayment Date determined by discounting such payments at the Discount Rate. As used in this definition, the term “Prepayment Date” means the date on which prepayment is made. As used in this definition, the term “Calculated Payments” means the monthly payments of interest only which would be due based on the principal amount of the Loan being prepaid on the Prepayment Date and assuming an interest rate per annum equal to the difference (if such difference is greater than zero) between (y) the Interest Rate and (z) the Yield Maintenance Treasury Rate. As used in this definition, the term “Discount Rate” means the rate which, when compounded monthly, is equivalent to the Yield Maintenance Treasury Rate, when compounded semi-annually. As used in this definition, the term “Yield Maintenance Treasury Rate” means the yield calculated by Lender by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H.15-Selected Interest Rates under the heading U.S. Government Securities/Treasury Constant Maturities for the week ending prior to the Prepayment Date, of U.S. Treasury Constant Maturities with maturity dates (one longer or one shorter) most nearly approximating the Stated Maturity Date. In the event Release H.15 is no longer published, Lender will select a comparable publication to determine the Yield Maintenance Treasury Rate. In no event, however, will Lender be required to reinvest any prepayment proceeds in U.S. Treasury obligations or otherwise. |
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F. | "Yield Maintenance Premium" means an amount equal to the greater of (i) one percent (1%) of the principal amount of the Loan being prepaid and (ii) an amount equal to the present value as of the Prepayment Date of the Calculated Payments from the Prepayment Date through the Permitted Prepayment Date determined by discounting such payments at the Discount Rate. As used in this definition, the term "Prepayment Date" means the date on which prepayment is made. As used in this definition, the term "Calculated Payments" means the monthly payments of interest only which would be due based on the principal amount of the Loan being prepaid on the Prepayment Date and assuming an interest rate per annum equal to the difference (if such difference is greater than zero) between (y) the Interest Rate and (z) the Yield Maintenance Treasury Rate. As used in this definition, the term "Discount Rate" means the rate which, when compounded monthly, is equivalent to the Yield Maintenance |
| Treasury Rate, when compounded semi-annually. As used in this definition, the term "Yield Maintenance Treasury Rate" means the yield calculated by Lender by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H.15-Selected Interest Rates under the heading U.S. Government Securities/Treasury Constant Maturities for the week ending prior to the Prepayment Date, of U.S. Treasury Constant Maturities with maturity dates (one longer or one shorter) most nearly approximating the Permitted Prepayment Date. In the event Release H.15 is no longer published, Lender will select a comparable publication to determine the Yield Maintenance Treasury Rate. In no event, however, will Lender be required to reinvest any prepayment proceeds in U.S. Treasury obligations or otherwise. |
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G. | “Yield Maintenance Premium” means an amount equal to the greater of (i) one percent (1%) of the principal amount of the Loan being prepaid and (ii) an amount equal to the present value as of the Prepayment Date of the Calculated Payments from the Prepayment Date through the Stated Maturity Date determined by discounting such payments at the Discount Rate. As used in this definition, the term “Prepayment Date” means the date on which prepayment is made. As used in this definition, the term “Calculated Payments” means the monthly payments of interest only which would be due based on the principal amount of the Loan being prepaid on the Prepayment Date and assuming an interest rate per annum equal to the difference (if such difference is greater than zero) between (y) the Interest Rate and (z) the Yield Maintenance Treasury Rate. As used in this definition, the term “Discount Rate” means the rate which, when compounded monthly, is equivalent to the Yield Maintenance Treasury Rate, when compounded semi-annually. As used in this definition, the term “Yield Maintenance Treasury Rate” means the yield calculated by Lender by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H.15-Selected Interest Rates under the heading U.S. Government Securities/Treasury Constant Maturities for the week ending prior to the Prepayment Date, of U.S. Treasury Constant Maturities with maturity dates (one longer or one shorter) most nearly approximating the Stated Maturity Date. In the event Release H.15 is no longer published, Lender will select a comparable publication to determine the Yield Maintenance Treasury Rate. In no event, however, will Lender be required to reinvest any prepayment proceeds in U.S. Treasury obligations or otherwise. |
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H. | “Yield Maintenance” means an amount equal to the greater of (i) one percent (1%) of the principal amount of the Loan being prepaid, and (ii) the present value as of the Prepayment Calculation Date of a series of monthly payments over the remaining term of the Loan through and including the Maturity Date each equal to the amount of interest which would be due on the principal amount of the Loan being prepaid assuming a per annum interest rate equal to the excess of the Interest Rate over the Reinvestment Yield, and discounted at the Reinvestment Yield. As used herein, “Reinvestment Yield” means the yield calculated by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H.15-Selected Interest Rates under the heading “U.S. government securities” and the sub-heading “Treasury constant maturities” for the week ending prior to the date of prepayment, of the U.S. Treasury constant maturities with maturity dates (one longer and one equal to or shorter) most nearly approximating the Maturity Date, and converted to a monthly compounded nominal yield. In the event Release H.15 is no longer published, Lender will select a comparable publication to determine the Reinvestment Yield. The “Prepayment Calculation Date” means, as applicable, the Payment Date on which Lender applies any prepayment to the reduction of the outstanding principal amount of the Note. Lender’s calculation of Yield Maintenance will be conclusive and binding absent manifest error. |
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I. | “Yield Maintenance Premium” means, with respect to any Note or Note Component, an amount equal to the greater of the following two amounts: (a) an amount equal to 1% of the amount prepaid; or (b) an amount equal to (i) the amount, if any, by which (x) the sum of the present values as of the prepayment date of all unpaid principal and interest payments on such Note or Note Component required hereunder to the Open Prepayment Date (including the balloon payment assuming the outstanding principal balance of the Loan is due on the Open Prepayment Date), calculated by discounting such payments from the respective dates each such payment was due hereunder (or, with respect to the payment required on the Maturity Date (assuming the outstanding principal balance of the Loan is due on the Open Prepayment Date), from the Open Prepayment Date) back to the prepayment date at a discount rate equal to the Periodic Treasury Yield (defined below) exceeds (y) the outstanding principal balance of such Note or Note Component as of the prepayment date, multiplied by (ii) a fraction whose numerator is the amount prepaid and whose denominator is the outstanding principal balance of such Note or Note Component as of the prepayment date. As used in this definition, the term “Periodic Treasury Yield” means the arithmetic mean of the rates published as “Treasury Constant Maturities” as of 5:00 p.m., New York time, for the date on which a prepayment subject to Yield Maintenance Premium is made, as shown on the USD screen of Reuters (or such other page as may replace that page on that service, or such other page or replacement therefor on any successor service), or if such service is not available, the Bloomberg Service (or any successor service), or if neither Reuters nor the Bloomberg Service is available, under Section 504 in the weekly statistical release designated H.15(519) (or any successor publication) published by the Board of Governors of the Federal Reserve System, for “On the Run” U.S. Treasury obligations corresponding to the Open Prepayment Date. If no such maturity exactly corresponds, yields for the two most closely corresponding published maturities will be calculated pursuant to the foregoing sentence and the Periodic Treasury Yield will be interpolated or extrapolated (as applicable) from such yields on a straight-line basis (rounding, in the case of relevant periods, to the nearest month). As used in this definition, the term "Open Prepayment Date" means June 6, 2028. Lender’s calculation of the Yield Maintenance Premium, and all component calculations, will be conclusive and binding on Borrower absent manifest error. |