FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-207132-11 | ||
THIS FREE WRITING PROSPECTUS, DATED MARCH 23, 2017 MAY BE AMENDED OR SUPPLEMENTED PRIOR TO TIME OF SALE
IMPORTANT NOTICE REGARDING THIS OFFERING OF ASSET-BACKED SECURITIES
THE SECURITIES OFFERED BY THESE MATERIALS ARE BEING OFFERED WHEN, AS AND IF ISSUED. THIS FREE WRITING PROSPECTUS IS NOT AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY THESE SECURITIES IN ANY STATE OR OTHER JURISDICTION WHERE SUCH OFFER, SOLICITATION OR SALE IS NOT PERMITTED. THESE SECURITIES DO NOT REPRESENT AN INTEREST IN OR OBLIGATION OF THE DEPOSITOR, THE SPONSORS, THE ORIGINATORS, THE MASTER SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE CERTIFICATE ADMINISTRATOR, THE OPERATING ADVISOR, THE ASSET REPRESENTATIONS REVIEWER, THE CONTROLLING CLASS REPRESENTATIVE, THE RISK RETENTION CONSULTATION PARTIES, THE COMPANION LOAN HOLDERS (OR THEIR REPRESENTATIVES), THE UNDERWRITERS OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THESE SECURITIES NOR THE MORTGAGE LOANS ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY OR PRIVATE INSURER.
STATEMENT REGARDING THIS FREE WRITING PROSPECTUS
The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (“SEC”) (SEC File No. 333-207132) for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC website atwww.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Drexel Hamilton, LLC, Natixis Securities Americas LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146.
IMPORTANT NOTICE RELATING TO AUTOMATICALLY GENERATED EMAIL DISCLAIMERS
Any legends, disclaimers or other notices that may appear at the bottom of the email communication to which this free writing prospectus is attached relating to (1) these materials not constituting an offer (or a solicitation of an offer), (2) no representation being made that these materials are accurate or complete and that these materials may not be updated or (3) these materials possibly being confidential, are, in each case, not applicable to these materials and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of these materials having been sent via Bloomberg or another system. | ||
CGCMT 2017-P7 Annex A
Control Number | Loan / Property Flag | Footnotes | Mortgage Loan Seller | Originator | Property Name | Related Group | Crossed Group | Address | City | State | Zip Code | General Property Type | Detailed Property Type | Year Built | Year Renovated | Units, Pads, Rooms, SF | Unit Description |
1 | Loan | 8, 9, 10, 11 | CREFI | CREFI, GSMC | Mack-Cali Short Hills Office Portfolio | NAP | NAP | Office | Suburban | 572,168 | SF | ||||||
1.01 | Property | 51 JFK Parkway | 51 John F. Kennedy Parkway | Short Hills | New Jersey | 07078 | Office | Suburban | 1988 | NAP | 259,096 | SF | |||||
1.02 | Property | 101 JFK Parkway | 101 John F. Kennedy Parkway | Short Hills | New Jersey | 07078 | Office | Suburban | 1980 | 2003 | 190,071 | SF | |||||
1.03 | Property | 103 JFK Parkway | 103 John F. Kennedy Parkway | Short Hills | New Jersey | 07078 | Office | Suburban | 1980 | 2003 | 123,001 | SF | |||||
2 | Loan | 12, 13 | CREFI | CREFI | 50 Broadway | NAP | NAP | 50 Broadway | New York | New York | 10004 | Office | CBD | 1927 | NAP | 351,999 | SF |
3 | Loan | 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25 | CREFI | CREFI, DBNY, BANA | Key Center Cleveland | NAP | NAP | 127 Public Square | Cleveland | Ohio | 44114 | Mixed Use | Office/Hospitality | 1991 | 2015 | 2,389,441 | SF |
4 | Loan | 25, 26, 27, 28, 29 | PCC | PCC | Scripps Center | NAP | NAP | 312 Walnut Street | Cincinnati | Ohio | 45202 | Office | CBD | 1989 | 2013-2015 | 538,243 | SF |
5 | Loan | 30 | PCC | PCC | Cascade Village | NAP | NAP | 63455 North U.S. Highway 97 | Bend | Oregon | 97703 | Retail | Anchored | 1979, 1988, 2005, 2007 | 2005 | 367,856 | SF |
6 | Loan | CGMRC | CGMRC | 19000 Homestead Road | NAP | NAP | 19000 Homestead Road | Cupertino | California | 95014 | Office | Medical Office | 1968 | 2007 | 100,352 | SF | |
7 | Loan | 31 | PCC | PCC | Veteran’s Plaza | NAP | NAP | 1400 Veterans Boulevard | Redwood City | California | 94063 | Office | Medical Office | 2001 | 2014 | 62,500 | SF |
8 | Loan | 32, 33 | Natixis | Natixis | Sterling Jewelers Corporate Headquarters I & II | NAP | NAP | 375 Ghent Road | Akron | Ohio | 44333 | Office | Suburban | 1988 | 2014, 2017 | 271,675 | SF |
9 | Loan | 25, 34, 35, 36, 37 | CGMRC | CGMRC | Hamilton Crossing | NAP | NAP | 12650, 12722-12802 and 13085 Hamilton Crossing Boulevard and 12800, 12900 and 13000 North Meridian Street | Carmel | Indiana | 46032 | Office | Suburban | 1989, 1997, 1999, 2000, 2002, 2003 | 2000 | 590,917 | SF |
10 | Loan | 38, 39, 40, 41, 42, 43 | CGMRC | DBNY | 229 West 43rd Street Retail Condo | NAP | NAP | 229 West 43rd Street | New York | New York | 10036 | Retail | Anchored | 1913-1947 | 2009 | 248,457 | SF |
11 | Loan | 44, 45 | PCC | PCC | Plaza de Hacienda | NAP | NAP | 1735-1869 North Hacienda Boulevard | La Puente | California | 91744 | Retail | Anchored | 1992, 1995 | 2005 | 154,462 | SF |
12 | Loan | 46, 47, 48, 49, 50, 51 | Natixis | Natixis | Greenwich Office Park | NAP | NAP | 51 Weaver Street, 18 Valley Drive and West Putnam Avenue | Greenwich | Connecticut | 06831 | Office | Suburban | 1970-1978 | 2010-2016 | 380,245 | SF |
13 | Loan | 52, 53, 54, 55 | CGMRC | CGMRC, DBNY | 111 Livingston Street | NAP | NAP | 111 Livingston Street | Brooklyn | New York | 11201 | Office | CBD | 1969 | 2001 | 434,000 | SF |
14 | Loan | 56, 57, 58, 59, 60, 61, 62 | CGMRC | Barclays Bank PLC, RMF, CGMRC | Atlanta and Anchorage Hotel Portfolio | NAP | NAP | Hospitality | Full Service | 993 | Rooms | ||||||
14.01 | Property | Hilton Anchorage | 500 West 3rd Avenue | Anchorage | Alaska | 99501 | Hospitality | Full Service | 1958-1984 | NAP | 606 | Rooms | |||||
14.02 | Property | Renaissance Concourse Atlanta Airport Hotel | 1 Hartsfield Centre Parkway | Atlanta | Georgia | 30354 | Hospitality | Full Service | 1992 | 2013 | 387 | Rooms | |||||
15 | Loan | 63, 64, 65, 66 | CGMRC | CGMRC | 901 Wilshire Boulevard | NAP | NAP | 901 Wilshire Boulevard | Santa Monica | California | 90401 | Office | Medical Office | 1982 | 2017 | 21,636 | SF |
16 | Loan | PCC | PCC | Goodlett Farms Business Campus | NAP | NAP | 1900 Charles Bryan Road & 7130 Goodlett Farms Parkway | Cordova | Tennessee | 38016 | Office | Suburban | 1991-1998 | NAP | 364,926 | SF | |
17 | Loan | 67, 68 | Natixis | Natixis | Cahuenga West Office Building | NAP | NAP | 3330 Cahuenga Boulevard | Los Angeles | California | 90068 | Office | Suburban | 1988 | NAP | 102,643 | SF |
18 | Loan | 69, 70, 71 | Natixis | Natixis | SAP Building | NAP | NAP | 3408 Hillview Avenue | Palo Alto | California | 94304 | Office | Suburban | 1977 | 2002, 2013 | 56,279 | SF |
19 | Loan | 25, 72, 73, 74 | Natixis | Natixis | Urban Union - Amazon | NAP | NAP | 501 Fairview Avenue North | Seattle | Washington | 98109 | Office | CBD | 2016 | NAP | 295,793 | SF |
20 | Loan | 75 | CGMRC | CGMRC | 1875-1925 Nostrand Avenue | NAP | NAP | 1875-1925 Nostrand Avenue | Brooklyn | New York | 11226 | Retail | Anchored | 1951 | NAP | 34,332 | SF |
21 | Loan | 76 | Natixis | Natixis | QLIC | NAP | NAP | 41-42 24th Street | Long Island City | New York | 11101 | Multifamily | High-Rise | 2015 | NAP | 421 | Units |
22 | Loan | 77, 78, 79, 80, 81 | Natixis | Natixis | Broadway Portfolio | NAP | NAP | Various | Various | 77,419 | SF | ||||||
22.01 | Property | 1214- 1216 Broadway | 1214-1216 Broadway | New York | New York | 10001 | Mixed Use | Office/Retail | 1929 | 2016 | 51,844 | SF | |||||
22.02 | Property | 1204 Broadway | 1204 Broadway | New York | New York | 10001 | Mixed Use | Office/Retail | 1930 | 2016 | 23,400 | SF | |||||
22.03 | Property | 1212 Broadway | 1212 Broadway | New York | New York | 10001 | Retail | Anchored | 1929 | 2016 | 2,175 | SF | |||||
23 | Loan | 82 | CGMRC | CGMRC | The Tower at OPOP | NAP | NAP | 411 North 8th Street | St. Louis | Missouri | 63101 | Multifamily | High-Rise with Retail | 2009 | 2014 | 128 | Units |
24 | Loan | CREFI | CREFI | DeKalb Tech Center | NAP | NAP | 3980 and 4000 DeKalb Technology Parkway | Atlanta | Georgia | 30340 | Industrial | Flex | 1985, 1988 | NAP | 284,206 | SF | |
25 | Loan | CGMRC | CGMRC | BJ’s Farmingdale | NAP | NAP | 50 Daniel Street | Farmingdale | New York | 11735 | Retail | Single Tenant Retail | 2002 | NAP | 108,532 | SF | |
26 | Loan | 83 | CREFI | CREFI | Walden Brook Apartments | NAP | NAP | 100 Walden Brook Drive | Lithonia | Georgia | 30038 | Multifamily | Garden | 2003 | NAP | 256 | Units |
27 | Loan | 84, 85, 86, 87, 88 | Natixis | Natixis | Novo Nordisk | NAP | NAP | 800 Scudders Mill Road | Plainsboro | New Jersey | 08536 | Office | Suburban | 1985 | 2013 | 761,824 | SF |
28 | Loan | 89 | CGMRC | CGMRC | East Park Tower | NAP | NAP | 5242 South Hyde Park Boulevard | Chicago | Illinois | 60615 | Multifamily | High-Rise with Retail | 1922 | 2012 | 135 | Units |
29 | Loan | 90 | PCC | PCC | El Camino Shopping Center | NAP | NAP | 2025 El Camino Real | Santa Clara | California | 95050 | Retail | Anchored | 1956, 1962 | 2014 | 82,892 | SF |
30 | Loan | 91, 92 | CREFI | CREFI | Regul Walgreens Portfolio | NAP | NAP | Retail | Single Tenant Retail | 43,800 | SF | ||||||
30.01 | Property | Walgreens Holland - MI | 780 Washington Avenue | Holland | Michigan | 49423 | Retail | Single Tenant Retail | 2006 | NAP | 14,820 | SF | |||||
30.02 | Property | Walgreens Grandview - MO | 13000 South US Highway 71 | Grandview | Missouri | 64030 | Retail | Single Tenant Retail | 2005 | NAP | 14,490 | SF | |||||
30.03 | Property | Walgreens Memphis TN | 1201 Getwell Road | Memphis | Tennessee | 38111 | Retail | Single Tenant Retail | 2004 | NAP | 14,490 | SF | |||||
31 | Loan | 93, 94 | Natixis | Natixis | Rentar Plaza | NAP | NAP | 66-26 Metropolitan Avenue | Middle Village | New York | 11379 | Mixed Use | Office/Retail/Warehouse | 1974 | NAP | 1,567,208 | SF |
32 | Loan | 95, 96, 97 | CGMRC | CGMRC | Residence Inn Orlando East UCF | NAP | NAP | 11651 University Boulevard | Orlando | Florida | 32817 | Hospitality | Extended Stay | 2000 | 2015 | 99 | Rooms |
33 | Loan | 98, 99 | CREFI | CREFI | Amsdell Cold Spring & Montgomery | NAP | NAP | Self Storage | Self Storage | 201,509 | SF | ||||||
33.01 | Property | AA Self Storage | 6307 Licking Pike | Cold Spring | Kentucky | 41076 | Self Storage | Self Storage | 2001 | NAP | 66,150 | SF | |||||
33.02 | Property | Mini Flex Storage - Troy Highway | 4220 Troy Highway | Montgomery | Alabama | 36116 | Self Storage | Self Storage | 1980-2002 | 2007 | 99,546 | SF | |||||
33.03 | Property | Mini Flex Storage - Troy Annex | 4365 Virginia Loop Road | Montgomery | Alabama | 36116 | Self Storage | Self Storage | 1979, 1984 | NAP | 35,813 | SF | |||||
34 | Loan | Natixis | Natixis | Pacific Place | NAP | NAP | 500 South Sepulveda Boulevard | Manhattan Beach | California | 90266 | Office | Medical Office | 1976 | NAP | 35,915 | SF | |
35 | Loan | 100, 101, 102 | CGMRC | CGMRC | Parts Consolidation Center | NAP | NAP | 10095 Brose Drive | Vance | Alabama | 35490 | Industrial | Warehouse/Distribution | 2004, 2009 | NAP | 604,000 | SF |
36 | Loan | PCC | PCC | 400 Manley | NAP | NAP | 400 Manley Street | West Bridgewater | Massachusetts | 02379 | Industrial | Warehouse/Distribution | 1986 | NAP | 214,400 | SF | |
37 | Loan | 103 | Natixis | Natixis | Home Center Village | NAP | NAP | 2505 Chastain Meadows Parkway | Marietta | Georgia | 30066 | Retail | Shadow Anchored | 1988 | 2014 | 87,292 | SF |
38 | Loan | 104, 105 | Natixis | Natixis | West Lafayette Four Points | NAP | NAP | 1600 Cumberland Avenue | West Lafayette | Indiana | 47906 | Hospitality | Full Service | 1974 | 2007-2009, 2012, 2017 | 171 | Rooms |
39 | Loan | CGMRC | CGMRC | Mill Creek Self Storage | NAP | NAP | 120 North Mill Creek Road | Noblesville | Indiana | 46064 | Self Storage | Self Storage | 1996-2014 | NAP | 89,035 | SF | |
40 | Loan | 106 | CREFI | CREFI | Walgreens - Minnesota and Louisiana | NAP | NAP | Retail | Single Tenant Retail | 29,310 | SF | ||||||
40.01 | Property | Walgreens Moorhead - MN | 900 Main Avenue | Moorhead | Minnesota | 56560 | Retail | Single Tenant Retail | 2006 | NAP | 14,490 | SF | |||||
40.02 | Property | Walgreens Thibodaux - LA | 1000 South Acadia Road | Thibodaux | Louisiana | 70301 | Retail | Single Tenant Retail | 2009 | NAP | 14,820 | SF | |||||
41 | Loan | 107 | Natixis | Natixis | Days Inn Raleigh Betline | NAP | NAP | 3201 Wake Forest Road | Raleigh | North Carolina | 27609 | Hospitality | Limited Service | 1985 | 1995, 2004, 2005, 2008 and 2012 | 135 | Rooms |
42 | Loan | 108, 109 | Natixis | Natixis | Shilo Inn Idaho Falls | NAP | NAP | 780 Lindsay Boulevard | Idaho Falls | Idaho | 83402 | Hospitality | Full Service | 1988 | 2013-2014 | 161 | Rooms |
43 | Loan | 110, 111, 112, 113 | Natixis | Natixis | Comfort Inn Birch Run | NAP | NAP | 11911 Dixie Highway | Birch Run | Michigan | 48415 | Hospitality | Limited Service | 1997 | 2012-2013 | 99 | Rooms |
44 | Loan | 114, 115, 116 | CREFI | CREFI | Baillie MHC Portfolio | NAP | NAP | Manufactured Housing | Manufactured Housing | 305 | Pads | ||||||
44.01 | Property | Twin Wells MHC | 3946 Reid Avenue | Lorain | Ohio | 44052 | Manufactured Housing | Manufactured Housing | 1966 | NAP | 117 | Pads | |||||
44.02 | Property | Carey Estates | 811 East Findlay Street | Carey | Ohio | 43316 | Manufactured Housing | Manufactured Housing | 1976 | NAP | 78 | Pads | |||||
44.03 | Property | Colonial Estates | 501 North U.S. 131 | White Pigeon | Michigan | 49099 | Manufactured Housing | Manufactured Housing | 1968 | NAP | 110 | Pads | |||||
45 | Loan | 117, 118 | Natixis | Natixis | Best Western Vermont | NAP | NAP | 220 Northside Drive | Bennington | Vermont | 05201 | Hospitality | Limited Service | 1958 | 2013-2014 | 58 | Rooms |
46 | Loan | CREFI | CREFI | Storage Center - Colorado Springs | NAP | NAP | 7230 Space Village Avenue | Colorado Springs | Colorado | 80929 | Self Storage | Self Storage | 2003 | NAP | 36,250 | SF |
CGCMT 2017-P7 Annex A
Control Number | Loan / Property Flag | Footnotes | Mortgage Loan Seller | Originator | Property Name | Loan Per Unit ($) | Ownership Interest | Original Balance ($) | Cut-off Date Balance ($) | Allocated Cut-off Date Loan Amount ($) | % of Initial Pool Balance | Balloon Balance ($) | Mortgage Loan Rate (%) | Administrative Fee Rate (%) (1) | Net Mortgage Loan Rate (%) | Monthly Debt Service ($) (2) | Annual Debt Service ($) |
1 | Loan | 8, 9, 10, 11 | CREFI | CREFI, GSMC | Mack-Cali Short Hills Office Portfolio | 217.59 | Fee Simple | 74,700,000 | 74,700,000 | 7.3% | 74,700,000 | 4.06000% | 0.0142% | 4.0458% | 256,245.21 | 3,074,942.50 | |
1.01 | Property | 51 JFK Parkway | Fee Simple | 42,000,000 | 4.1% | ||||||||||||
1.02 | Property | 101 JFK Parkway | Fee Simple | 20,100,000 | 2.0% | ||||||||||||
1.03 | Property | 103 JFK Parkway | Fee Simple | 12,600,000 | 1.2% | ||||||||||||
2 | Loan | 12, 13 | CREFI | CREFI | 50 Broadway | 176.14 | Fee Simple | 62,000,000 | 62,000,000 | 62,000,000 | 6.0% | 62,000,000 | 4.13000% | 0.0129% | 4.1171% | 216,346.99 | 2,596,163.89 |
3 | Loan | 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25 | CREFI | CREFI, DBNY, BANA | Key Center Cleveland | 92.07 | Fee Simple/Leasehold | 50,000,000 | 50,000,000 | 50,000,000 | 4.9% | 40,788,164 | 5.31000% | 0.0191% | 5.2909% | 301,396.38 | 3,616,756.59 |
4 | Loan | 25, 26, 27, 28, 29 | PCC | PCC | Scripps Center | 133.77 | Fee Simple | 50,000,000 | 50,000,000 | 50,000,000 | 4.9% | 42,880,986 | 4.66000% | 0.0223% | 4.6377% | 258,118.16 | 3,097,417.92 |
5 | Loan | 30 | PCC | PCC | Cascade Village | 135.92 | Fee Simple | 50,000,000 | 50,000,000 | 50,000,000 | 4.9% | 43,916,106 | 4.65000% | 0.0204% | 4.6296% | 257,818.40 | 3,093,820.80 |
6 | Loan | CGMRC | CGMRC | 19000 Homestead Road | 408.56 | Fee Simple | 41,000,000 | 41,000,000 | 41,000,000 | 4.0% | 41,000,000 | 4.49000% | 0.0129% | 4.4771% | 155,539.00 | 1,866,468.06 | |
7 | Loan | 31 | PCC | PCC | Veteran’s Plaza | 640.00 | Fee Simple | 40,000,000 | 40,000,000 | 40,000,000 | 3.9% | 36,613,529 | 4.52000% | 0.0304% | 4.4896% | 203,149.74 | 2,437,796.88 |
8 | Loan | 32, 33 | Natixis | Natixis | Sterling Jewelers Corporate Headquarters I & II | 141.71 | Fee Simple | 38,500,000 | 38,500,000 | 38,500,000 | 3.8% | 38,500,000 | 4.79000% | 0.0129% | 4.7771% | 155,813.60 | 1,869,763.19 |
9 | Loan | 25, 34, 35, 36, 37 | CGMRC | CGMRC | Hamilton Crossing | 93.05 | Fee Simple | 35,125,000 | 35,034,312 | 35,034,312 | 3.4% | 28,794,298 | 4.92000% | 0.0157% | 4.9043% | 186,844.99 | 2,242,139.86 |
10 | Loan | 38, 39, 40, 41, 42, 43 | CGMRC | DBNY | 229 West 43rd Street Retail Condo | 1,147.08 | Fee Simple | 30,000,000 | 30,000,000 | 30,000,000 | 2.9% | 30,000,000 | 4.00550% | 0.0129% | 3.9926% | 101,528.30 | 1,218,339.58 |
11 | Loan | 44, 45 | PCC | PCC | Plaza de Hacienda | 192.60 | Fee Simple | 29,750,000 | 29,750,000 | 29,750,000 | 2.9% | 27,400,684 | 4.91000% | 0.0204% | 4.8896% | 158,072.08 | 1,896,864.96 |
12 | Loan | 46, 47, 48, 49, 50, 51 | Natixis | Natixis | Greenwich Office Park | 230.11 | Fee Simple/Leasehold | 29,500,000 | 29,500,000 | 29,500,000 | 2.9% | 29,500,000 | 4.55400% | 0.0129% | 4.5411% | 113,507.40 | 1,362,088.75 |
13 | Loan | 52, 53, 54, 55 | CGMRC | CGMRC, DBNY | 111 Livingston Street | 276.50 | Fee Simple | 29,000,000 | 29,000,000 | 29,000,000 | 2.8% | 29,000,000 | 4.73000% | 0.0129% | 4.7171% | 115,895.95 | 1,390,751.39 |
14 | Loan | 56, 57, 58, 59, 60, 61, 62 | CGMRC | Barclays Bank PLC, RMF, CGMRC | Atlanta and Anchorage Hotel Portfolio | 115,654.93 | Various | 28,000,000 | 27,962,345 | 2.7% | 21,486,328 | 5.73000% | 0.0129% | 5.7171% | 175,811.54 | 2,109,738.52 | |
14.01 | Property | Hilton Anchorage | Fee Simple | 15,917,027 | 1.6% | ||||||||||||
14.02 | Property | Renaissance Concourse Atlanta Airport Hotel | Leasehold | 12,045,318 | 1.2% | ||||||||||||
15 | Loan | 63, 64, 65, 66 | CGMRC | CGMRC | 901 Wilshire Boulevard | 1,201.70 | Fee Simple | 26,000,000 | 26,000,000 | 26,000,000 | 2.5% | 26,000,000 | 4.91000% | 0.0129% | 4.8971% | 107,860.88 | 1,294,330.56 |
16 | Loan | PCC | PCC | Goodlett Farms Business Campus | 69.06 | Fee Simple | 25,200,000 | 25,200,000 | 25,200,000 | 2.5% | 25,200,000 | 4.48000% | 0.0404% | 4.4396% | 95,386.67 | 1,144,640.00 | |
17 | Loan | 67, 68 | Natixis | Natixis | Cahuenga West Office Building | 240.64 | Fee Simple | 24,700,000 | 24,700,000 | 24,700,000 | 2.4% | 22,697,545 | 4.77000% | 0.0129% | 4.7571% | 129,144.82 | 1,549,737.85 |
18 | Loan | 69, 70, 71 | Natixis | Natixis | SAP Building | 428.76 | Leasehold | 24,130,276 | 24,130,276 | 24,130,276 | 2.4% | 16,871,417 | 5.99490% | 0.0129% | 5.9820% | 245,206.68 | 2,942,480.16 |
19 | Loan | 25, 72, 73, 74 | Natixis | Natixis | Urban Union - Amazon | 210.39 | Fee Simple | 24,000,000 | 24,000,000 | 24,000,000 | 2.3% | 24,000,000 | 3.38120% | 0.0129% | 3.3683% | 68,563.22 | 822,758.67 |
20 | Loan | 75 | CGMRC | CGMRC | 1875-1925 Nostrand Avenue | 633.52 | Fee Simple | 21,750,000 | 21,750,000 | 21,750,000 | 2.1% | 20,063,263 | 5.02000% | 0.0129% | 5.0071% | 117,024.70 | 1,404,296.41 |
21 | Loan | 76 | Natixis | Natixis | QLIC | 344,418.05 | Fee Simple | 20,000,000 | 20,000,000 | 20,000,000 | 2.0% | 20,000,000 | 4.39970% | 0.0129% | 4.3868% | 74,346.78 | 892,161.39 |
22 | Loan | 77, 78, 79, 80, 81 | Natixis | Natixis | Broadway Portfolio | 749.17 | Fee Simple | 20,000,000 | 20,000,000 | 2.0% | 20,000,000 | 4.61000% | 0.0129% | 4.5971% | 77,900.46 | 934,805.56 | |
22.01 | Property | 1214- 1216 Broadway | Fee Simple | 13,393,095 | 1.3% | ||||||||||||
22.02 | Property | 1204 Broadway | Fee Simple | 6,045,028 | 0.6% | ||||||||||||
22.03 | Property | 1212 Broadway | Fee Simple | 561,878 | 0.1% | ||||||||||||
23 | Loan | 82 | CGMRC | CGMRC | The Tower at OPOP | 156,250.00 | Fee Simple | 20,000,000 | 20,000,000 | 20,000,000 | 2.0% | 18,386,576 | 4.79000% | 0.0129% | 4.7771% | 104,812.21 | 1,257,746.58 |
24 | Loan | CREFI | CREFI | DeKalb Tech Center | 68.54 | Fee Simple | 19,500,000 | 19,478,490 | 19,478,490 | 1.9% | 15,948,497 | 4.84000% | 0.0129% | 4.8271% | 102,781.74 | 1,233,380.91 | |
25 | Loan | CGMRC | CGMRC | BJ’s Farmingdale | 158.61 | Fee Simple | 17,274,900 | 17,214,189 | 17,214,189 | 1.7% | 14,273,321 | 5.16000% | 0.0129% | 5.1471% | 94,431.95 | 1,133,183.35 | |
26 | Loan | 83 | CREFI | CREFI | Walden Brook Apartments | 62,500.00 | Fee Simple | 16,000,000 | 16,000,000 | 16,000,000 | 1.6% | 13,891,433 | 5.14000% | 0.0129% | 5.1271% | 87,265.64 | 1,047,187.73 |
27 | Loan | 84, 85, 86, 87, 88 | Natixis | Natixis | Novo Nordisk | 220.92 | Fee Simple | 15,000,000 | 15,000,000 | 15,000,000 | 1.5% | 15,000,000 | 3.48200% | 0.0129% | 3.4691% | 44,129.51 | 529,554.17 |
28 | Loan | 89 | CGMRC | CGMRC | East Park Tower | 110,000.00 | Fee Simple | 14,850,000 | 14,850,000 | 14,850,000 | 1.4% | 14,850,000 | 4.48000% | 0.0129% | 4.4671% | 56,210.00 | 674,520.00 |
29 | Loan | 90 | PCC | PCC | El Camino Shopping Center | 174.93 | Fee Simple | 14,500,000 | 14,500,000 | 14,500,000 | 1.4% | 14,500,000 | 4.44000% | 0.0204% | 4.4196% | 54,395.14 | 652,741.67 |
30 | Loan | 91, 92 | CREFI | CREFI | Regul Walgreens Portfolio | 291.69 | Fee Simple | 12,776,000 | 12,776,000 | 1.2% | 11,560,727 | 5.04000% | 0.0129% | 5.0271% | 68,897.00 | 826,763.95 | |
30.01 | Property | Walgreens Holland - MI | Fee Simple | 4,777,000 | 0.5% | ||||||||||||
30.02 | Property | Walgreens Grandview - MO | Fee Simple | 4,489,000 | 0.4% | ||||||||||||
30.03 | Property | Walgreens Memphis TN | Fee Simple | 3,510,000 | 0.3% | ||||||||||||
31 | Loan | 93, 94 | Natixis | Natixis | Rentar Plaza | 84.23 | Fee Simple | 12,000,000 | 12,000,000 | 12,000,000 | 1.2% | 12,000,000 | 3.48200% | 0.0129% | 3.4691% | 35,303.61 | 423,643.33 |
32 | Loan | 95, 96, 97 | CGMRC | CGMRC | Residence Inn Orlando East UCF | 120,913.64 | Fee Simple | 12,000,000 | 11,970,451 | 11,970,451 | 1.2% | 9,929,970 | 5.21000% | 0.0604% | 5.1496% | 65,967.46 | 791,609.46 |
33 | Loan | 98, 99 | CREFI | CREFI | Amsdell Cold Spring & Montgomery | 57.57 | Fee Simple | 11,600,000 | 11,600,000 | 1.1% | 10,294,992 | 5.12000% | 0.0604% | 5.0596% | 63,124.81 | 757,497.68 | |
33.01 | Property | AA Self Storage | Fee Simple | 5,250,000 | 0.5% | ||||||||||||
33.02 | Property | Mini Flex Storage - Troy Highway | Fee Simple | 5,050,000 | 0.5% | ||||||||||||
33.03 | Property | Mini Flex Storage - Troy Annex | Fee Simple | 1,300,000 | 0.1% | ||||||||||||
34 | Loan | Natixis | Natixis | Pacific Place | 306.28 | Fee Simple | 11,000,000 | 11,000,000 | 11,000,000 | 1.1% | 11,000,000 | 4.86000% | 0.0129% | 4.8471% | 45,168.75 | 542,025.00 | |
35 | Loan | 100, 101, 102 | CGMRC | CGMRC | Parts Consolidation Center | 37.67 | Fee Simple | 10,000,000 | 10,000,000 | 10,000,000 | 1.0% | 8,789,757 | 4.68000% | 0.0129% | 4.6671% | 51,743.64 | 620,923.66 |
36 | Loan | PCC | PCC | 400 Manley | 46.59 | Fee Simple | 10,000,000 | 9,989,348 | 9,989,348 | 1.0% | 8,219,284 | 4.99000% | 0.0204% | 4.9696% | 53,621.06 | 643,452.72 | |
37 | Loan | 103 | Natixis | Natixis | Home Center Village | 89.36 | Fee Simple | 7,800,000 | 7,800,000 | 7,800,000 | 0.8% | 6,771,992 | 4.15000% | 0.0129% | 4.1371% | 37,916.06 | 454,992.71 |
38 | Loan | 104, 105 | Natixis | Natixis | West Lafayette Four Points | 42,397.66 | Fee Simple | 7,250,000 | 7,250,000 | 7,250,000 | 0.7% | 5,633,112 | 6.10000% | 0.0129% | 6.0871% | 47,156.03 | 565,872.37 |
39 | Loan | CGMRC | CGMRC | Mill Creek Self Storage | 78.99 | Fee Simple | 7,050,000 | 7,033,115 | 7,033,115 | 0.7% | 5,865,284 | 5.38000% | 0.0129% | 5.3671% | 39,499.95 | 473,999.41 | |
40 | Loan | 106 | CREFI | CREFI | Walgreens - Minnesota and Louisiana | 225.86 | Fee Simple | 6,620,000 | 6,620,000 | 0.6% | 6,620,000 | 4.87000% | 0.0129% | 4.8571% | 27,239.31 | 326,871.69 | |
40.01 | Property | Walgreens Moorhead - MN | Fee Simple | 3,490,000 | 0.3% | ||||||||||||
40.02 | Property | Walgreens Thibodaux - LA | Fee Simple | 3,130,000 | 0.3% | ||||||||||||
41 | Loan | 107 | Natixis | Natixis | Days Inn Raleigh Betline | 48,737.42 | Fee Simple | 6,600,000 | 6,579,552 | 6,579,552 | 0.6% | 5,093,721 | 5.91300% | 0.0129% | 5.9001% | 42,173.59 | 506,083.06 |
42 | Loan | 108, 109 | Natixis | Natixis | Shilo Inn Idaho Falls | 32,128.29 | Fee Simple | 5,300,575 | 5,172,655 | 5,172,655 | 0.5% | 4,111,869 | 6.05000% | 0.0129% | 6.0371% | 34,313.87 | 411,766.43 |
43 | Loan | 110, 111, 112, 113 | Natixis | Natixis | Comfort Inn Birch Run | 52,213.98 | Fee Simple | 5,200,000 | 5,169,184 | 5,169,184 | 0.5% | 3,985,110 | 5.70000% | 0.0129% | 5.6871% | 32,556.60 | 390,679.18 |
44 | Loan | 114, 115, 116 | CREFI | CREFI | Baillie MHC Portfolio | 16,393.44 | Fee Simple | 5,000,000 | 5,000,000 | 0.5% | 4,145,263 | 5.26000% | 0.0129% | 5.2471% | 27,641.16 | 331,693.95 | |
44.01 | Property | Twin Wells MHC | Fee Simple | 2,130,000 | 0.2% | ||||||||||||
44.02 | Property | Carey Estates | Fee Simple | 1,480,000 | 0.1% | ||||||||||||
44.03 | Property | Colonial Estates | Fee Simple | 1,390,000 | 0.1% | ||||||||||||
45 | Loan | 117, 118 | Natixis | Natixis | Best Western Vermont | 45,483.66 | Fee Simple | 2,660,000 | 2,638,052 | 2,638,052 | 0.3% | 2,185,842 | 4.99000% | 0.0129% | 4.9771% | 14,263.20 | 171,158.43 |
46 | Loan | CREFI | CREFI | Storage Center - Colorado Springs | 67.59 | Fee Simple | 2,450,000 | 2,450,000 | 2,450,000 | 0.2% | 2,133,497 | 5.25000% | 0.0129% | 5.2371% | 13,528.99 | 162,347.89 |
CGCMT 2017-P7 Annex A
Control Number | Loan / Property Flag | Footnotes | Mortgage Loan Seller | Originator | Property Name | Pari Companion Loan Monthly Debt Service ($) | Pari Companion Loan Annual Debt Service ($) | Amortization Type | Interest Accrual Method | Seasoning (Mos.) | 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 | Due Date |
1 | Loan | 8, 9, 10, 11 | CREFI | CREFI, GSMC | Mack-Cali Short Hills Office Portfolio | 170,830.14 | 2,049,961.67 | Interest Only | Actual/360 | 0 | 120 | 120 | 120 | 120 | 0 | 0 | 3/6/2017 | 1 |
1.01 | Property | 51 JFK Parkway | ||||||||||||||||
1.02 | Property | 101 JFK Parkway | ||||||||||||||||
1.03 | Property | 103 JFK Parkway | ||||||||||||||||
2 | Loan | 12, 13 | CREFI | CREFI | 50 Broadway | Interest Only | Actual/360 | 0 | 120 | 120 | 120 | 120 | 0 | 0 | 3/14/2017 | 1 | ||
3 | Loan | 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25 | CREFI | CREFI, DBNY, BANA | Key Center Cleveland | 1,024,747.70 | 12,296,972.40 | Interest Only, Then Amortizing | Actual/360 | 2 | 24 | 22 | 120 | 118 | 300 | 300 | 1/31/2017 | 6 |
4 | Loan | 25, 26, 27, 28, 29 | PCC | PCC | Scripps Center | 113,571.99 | 1,362,863.88 | Interest Only, Then Amortizing | Actual/360 | 2 | 24 | 22 | 120 | 118 | 360 | 360 | 2/1/2017 | 1 |
5 | Loan | 30 | PCC | PCC | Cascade Village | Interest Only, Then Amortizing | Actual/360 | 1 | 36 | 35 | 120 | 119 | 360 | 360 | 2/14/2017 | 1 | ||
6 | Loan | CGMRC | CGMRC | 19000 Homestead Road | Interest Only | Actual/360 | 3 | 120 | 117 | 120 | 117 | 0 | 0 | 12/30/2016 | 6 | |||
7 | Loan | 31 | PCC | PCC | Veteran’s Plaza | Interest Only, Then Amortizing | Actual/360 | 1 | 58 | 57 | 118 | 117 | 360 | 360 | 3/13/2017 | 1 | ||
8 | Loan | 32, 33 | Natixis | Natixis | Sterling Jewelers Corporate Headquarters I & II | Interest Only ARD | Actual/360 | 4 | 120 | 116 | 120 | 116 | 0 | 0 | 11/10/2016 | 5 | ||
9 | Loan | 25, 34, 35, 36, 37 | CGMRC | CGMRC | Hamilton Crossing | 106,388.61 | 1,276,663.27 | Amortizing | Actual/360 | 2 | 0 | 0 | 120 | 118 | 360 | 358 | 1/25/2017 | 6 |
10 | Loan | 38, 39, 40, 41, 42, 43 | CGMRC | DBNY | 229 West 43rd Street Retail Condo | 862,990.54 | 10,355,886.50 | Interest Only | Actual/360 | 5 | 120 | 115 | 120 | 115 | 0 | 0 | 10/13/2016 | 6 |
11 | Loan | 44, 45 | PCC | PCC | Plaza de Hacienda | Interest Only, Then Amortizing | Actual/360 | 1 | 60 | 59 | 120 | 119 | 360 | 360 | 3/1/2017 | 5 | ||
12 | Loan | 46, 47, 48, 49, 50, 51 | Natixis | Natixis | Greenwich Office Park | 223,167.08 | 2,678,005.00 | Interest Only | Actual/360 | 5 | 60 | 55 | 60 | 55 | 0 | 0 | 11/4/2016 | 5 |
13 | Loan | 52, 53, 54, 55 | CGMRC | CGMRC, DBNY | 111 Livingston Street | 363,673.50 | 4,364,081.94 | Interest Only | Actual/360 | 3 | 120 | 117 | 120 | 117 | 0 | 0 | 1/5/2017 | 6 |
14 | Loan | 56, 57, 58, 59, 60, 61, 62 | CGMRC | Barclays Bank PLC, RMF, CGMRC | Atlanta and Anchorage Hotel Portfolio | 546,271.58 | 6,555,258.97 | Amortizing | Actual/360 | 1 | 0 | 0 | 120 | 119 | 300 | 299 | 3/2/2017 | 6 |
14.01 | Property | Hilton Anchorage | ||||||||||||||||
14.02 | Property | Renaissance Concourse Atlanta Airport Hotel | ||||||||||||||||
15 | Loan | 63, 64, 65, 66 | CGMRC | CGMRC | 901 Wilshire Boulevard | Interest Only | Actual/360 | 3 | 120 | 117 | 120 | 117 | 0 | 0 | 1/6/2017 | 6 | ||
16 | Loan | PCC | PCC | Goodlett Farms Business Campus | Interest Only | Actual/360 | 2 | 60 | 58 | 60 | 58 | 0 | 0 | 1/31/2017 | 1 | |||
17 | Loan | 67, 68 | Natixis | Natixis | Cahuenga West Office Building | Interest Only, Then Amortizing | Actual/360 | 2 | 60 | 58 | 120 | 118 | 360 | 360 | 1/31/2017 | 5 | ||
18 | Loan | 69, 70, 71 | Natixis | Natixis | SAP Building | Interest Only, Then Amortizing | Actual/360 | 1 | 64 | 63 | 120 | 119 | 204 | 204 | 2/7/2017 | 5 | ||
19 | Loan | 25, 72, 73, 74 | Natixis | Natixis | Urban Union - Amazon | 109,219.58 | 1,310,634.95 | Interest Only | Actual/360 | 2 | 60 | 58 | 60 | 58 | 0 | 0 | 1/13/2017 | 6 |
20 | Loan | 75 | CGMRC | CGMRC | 1875-1925 Nostrand Avenue | Interest Only, Then Amortizing | Actual/360 | 2 | 60 | 58 | 120 | 118 | 360 | 360 | 2/2/2017 | 6 | ||
21 | Loan | 76 | Natixis | Natixis | QLIC | 464,667.39 | 5,576,008.68 | Interest Only | Actual/360 | 15 | 120 | 105 | 120 | 105 | 0 | 0 | 12/28/2015 | 5 |
22 | Loan | 77, 78, 79, 80, 81 | Natixis | Natixis | Broadway Portfolio | 148,010.88 | 1,776,130.56 | Interest Only | Actual/360 | 4 | 120 | 116 | 120 | 116 | 0 | 0 | 11/18/2016 | 5 |
22.01 | Property | 1214- 1216 Broadway | ||||||||||||||||
22.02 | Property | 1204 Broadway | ||||||||||||||||
22.03 | Property | 1212 Broadway | ||||||||||||||||
23 | Loan | 82 | CGMRC | CGMRC | The Tower at OPOP | Interest Only, Then Amortizing | Actual/360 | 1 | 60 | 59 | 120 | 119 | 360 | 360 | 2/28/2017 | 6 | ||
24 | Loan | CREFI | CREFI | DeKalb Tech Center | Amortizing | Actual/360 | 1 | 0 | 0 | 120 | 119 | 360 | 359 | 2/10/2017 | 6 | |||
25 | Loan | CGMRC | CGMRC | BJ’s Farmingdale | Amortizing | Actual/360 | 3 | 0 | 0 | 120 | 117 | 360 | 357 | 12/9/2016 | 6 | |||
26 | Loan | 83 | CREFI | CREFI | Walden Brook Apartments | Interest Only, Then Amortizing | Actual/360 | 2 | 24 | 22 | 120 | 118 | 360 | 360 | 1/31/2017 | 6 | ||
27 | Loan | 84, 85, 86, 87, 88 | Natixis | Natixis | Novo Nordisk | 451,003.63 | 5,412,043.58 | Interest Only ARD | Actual/360 | 7 | 60 | 53 | 60 | 53 | 0 | 0 | 8/11/2016 | 5 |
28 | Loan | 89 | CGMRC | CGMRC | East Park Tower | Interest Only | Actual/360 | 1 | 120 | 119 | 120 | 119 | 0 | 0 | 3/1/2017 | 1 | ||
29 | Loan | 90 | PCC | PCC | El Camino Shopping Center | Interest Only | Actual/360 | 0 | 120 | 120 | 120 | 120 | 0 | 0 | 3/7/2017 | 1 | ||
30 | Loan | 91, 92 | CREFI | CREFI | Regul Walgreens Portfolio | Interest Only, Then Amortizing | Actual/360 | 1 | 48 | 47 | 120 | 119 | 360 | 360 | 2/14/2017 | 6 | ||
30.01 | Property | Walgreens Holland - MI | ||||||||||||||||
30.02 | Property | Walgreens Grandview - MO | ||||||||||||||||
30.03 | Property | Walgreens Memphis TN | ||||||||||||||||
31 | Loan | 93, 94 | Natixis | Natixis | Rentar Plaza | 353,036.11 | 4,236,433.33 | Interest Only | Actual/360 | 7 | 120 | 113 | 120 | 113 | 0 | 0 | 8/31/2016 | 5 |
32 | Loan | 95, 96, 97 | CGMRC | CGMRC | Residence Inn Orlando East UCF | Amortizing | Actual/360 | 2 | 0 | 0 | 120 | 118 | 360 | 358 | 2/1/2017 | 6 | ||
33 | Loan | 98, 99 | CREFI | CREFI | Amsdell Cold Spring & Montgomery | Interest Only, Then Amortizing | Actual/360 | 1 | 36 | 35 | 120 | 119 | 360 | 360 | 3/2/2017 | 6 | ||
33.01 | Property | AA Self Storage | ||||||||||||||||
33.02 | Property | Mini Flex Storage - Troy Highway | ||||||||||||||||
33.03 | Property | Mini Flex Storage - Troy Annex | ||||||||||||||||
34 | Loan | Natixis | Natixis | Pacific Place | Interest Only | Actual/360 | 4 | 120 | 116 | 120 | 116 | 0 | 0 | 12/9/2016 | 10 | |||
35 | Loan | 100, 101, 102 | CGMRC | CGMRC | Parts Consolidation Center | 65,973.14 | 791,677.67 | Interest Only, Then Amortizing | Actual/360 | 3 | 36 | 33 | 120 | 117 | 360 | 360 | 12/14/2016 | 6 |
36 | Loan | PCC | PCC | 400 Manley | Amortizing | Actual/360 | 1 | 0 | 0 | 120 | 119 | 360 | 359 | 2/28/2017 | 1 | |||
37 | Loan | 103 | Natixis | Natixis | Home Center Village | Interest Only, Then Amortizing | Actual/360 | 4 | 36 | 32 | 120 | 116 | 360 | 360 | 11/8/2016 | 5 | ||
38 | Loan | 104, 105 | Natixis | Natixis | West Lafayette Four Points | Amortizing | Actual/360 | 0 | 0 | 0 | 120 | 120 | 300 | 300 | 3/10/2017 | 5 | ||
39 | Loan | CGMRC | CGMRC | Mill Creek Self Storage | Amortizing | Actual/360 | 2 | 0 | 0 | 120 | 118 | 360 | 358 | 1/30/2017 | 6 | |||
40 | Loan | 106 | CREFI | CREFI | Walgreens - Minnesota and Louisiana | Interest Only | Actual/360 | 0 | 120 | 120 | 120 | 120 | 0 | 0 | 3/7/2017 | 6 | ||
40.01 | Property | Walgreens Moorhead - MN | ||||||||||||||||
40.02 | Property | Walgreens Thibodaux - LA | ||||||||||||||||
41 | Loan | 107 | Natixis | Natixis | Days Inn Raleigh Betline | Amortizing | Actual/360 | 2 | 0 | 0 | 120 | 118 | 300 | 298 | 1/6/2017 | 5 | ||
42 | Loan | 108, 109 | Natixis | Natixis | Shilo Inn Idaho Falls | Amortizing | Actual/360 | 17 | 0 | 0 | 120 | 103 | 300 | 283 | 11/2/2015 | 5 | ||
43 | Loan | 110, 111, 112, 113 | Natixis | Natixis | Comfort Inn Birch Run | Amortizing | Actual/360 | 4 | 0 | 0 | 120 | 116 | 300 | 296 | 11/10/2016 | 5 | ||
44 | Loan | 114, 115, 116 | CREFI | CREFI | Baillie MHC Portfolio | Amortizing | Actual/360 | 0 | 0 | 0 | 120 | 120 | 360 | 360 | 3/14/2017 | 6 | ||
44.01 | Property | Twin Wells MHC | ||||||||||||||||
44.02 | Property | Carey Estates | ||||||||||||||||
44.03 | Property | Colonial Estates | ||||||||||||||||
45 | Loan | 117, 118 | Natixis | Natixis | Best Western Vermont | Amortizing | Actual/360 | 7 | 0 | 0 | 120 | 113 | 360 | 353 | 8/19/2016 | 5 | ||
46 | Loan | CREFI | CREFI | Storage Center - Colorado Springs | Interest Only, Then Amortizing | Actual/360 | 1 | 24 | 23 | 120 | 119 | 360 | 360 | 3/3/2017 | 6 |
CGCMT 2017-P7 Annex A
Control Number | Loan / Property Flag | Footnotes | Mortgage Loan Seller | Originator | Property Name | First Due Date | Last IO Due Date | First P&I Due Date | Maturity Date / ARD | ARD (Yes / No) | Final Maturity Date | Grace Period- Late Fee | Grace Period- Default | Prepayment Provision (3) | 2013 EGI ($) | 2013 Expenses ($) | 2013 NOI ($) | 2014 EGI ($) | 2014 Expenses ($) |
1 | Loan | 8, 9, 10, 11 | CREFI | CREFI, GSMC | Mack-Cali Short Hills Office Portfolio | 5/1/2017 | 4/1/2027 | 4/1/2027 | No | 0 | 5 | Lockout/24_Defeasance/92_0%/4 | 19,511,326 | 7,155,173 | 12,356,153 | 21,742,031 | 7,732,085 | ||
1.01 | Property | 51 JFK Parkway | 8,735,104 | 3,611,984 | 5,123,120 | 10,504,623 | 4,094,257 | ||||||||||||
1.02 | Property | 101 JFK Parkway | 7,341,228 | 2,456,149 | 4,885,079 | 7,332,748 | 2,518,519 | ||||||||||||
1.03 | Property | 103 JFK Parkway | 3,434,994 | 1,087,040 | 2,347,954 | 3,904,660 | 1,119,309 | ||||||||||||
2 | Loan | 12, 13 | CREFI | CREFI | 50 Broadway | 5/1/2017 | 4/1/2027 | 4/1/2027 | No | 0 | 3 | Lockout/24_Defeasance/92_0%/4 | 12,365,108 | 7,539,291 | 4,825,817 | 13,122,648 | 7,874,418 | ||
3 | Loan | 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25 | CREFI | CREFI, DBNY, BANA | Key Center Cleveland | 3/6/2017 | 2/6/2019 | 3/6/2019 | 2/6/2027 | No | 0 | 0 | Lockout/26_Defeasance/90_0%/4 | 65,945,696 | 37,890,186 | 28,055,510 | 64,203,206 | 38,208,804 | |
4 | Loan | 25, 26, 27, 28, 29 | PCC | PCC | Scripps Center | 3/1/2017 | 2/1/2019 | 3/1/2019 | 2/1/2027 | No | 0 | 5 | Lockout/26_Defeasance or YM1%/90_0%/4 | 12,245,464 | 6,187,777 | 6,057,687 | 11,785,441 | 6,235,053 | |
5 | Loan | 30 | PCC | PCC | Cascade Village | 4/1/2017 | 3/1/2020 | 4/1/2020 | 3/1/2027 | No | 0 | 5 | Lockout/25_Defeasance/88_0%/7 | 5,671,496 | 1,498,060 | 4,173,436 | 5,765,117 | 1,566,028 | |
6 | Loan | CGMRC | CGMRC | 19000 Homestead Road | 2/6/2017 | 1/6/2027 | 1/6/2027 | No | 0 | 0 | Lockout/27_Defeasance/90_0%/3 | N/A | N/A | N/A | 4,108,992 | N/A | |||
7 | Loan | 31 | PCC | PCC | Veteran’s Plaza | 4/1/2017 | 1/1/2022 | 2/1/2022 | 1/1/2027 | No | 0 | 5 | Lockout/25_Defeasance/88_0%/5 | 3,848,375 | 431,268 | 3,417,107 | 3,903,696 | 403,641 | |
8 | Loan | 32, 33 | Natixis | Natixis | Sterling Jewelers Corporate Headquarters I & II | 1/5/2017 | 12/5/2026 | 12/5/2026 | Yes | 12/5/2036 | 0 | 0 | Lockout/28_Defeasance/88_0%/4 | 2,570,967 | 56,909 | 2,514,058 | 2,679,590 | 60,227 | |
9 | Loan | 25, 34, 35, 36, 37 | CGMRC | CGMRC | Hamilton Crossing | 3/6/2017 | 3/6/2017 | 2/6/2027 | No | 0 | 0 | Lockout/26_Defeasance/90_0%/4 | 10,210,335 | 3,849,400 | 6,360,935 | 10,868,464 | 4,481,352 | ||
10 | Loan | 38, 39, 40, 41, 42, 43 | CGMRC | DBNY | 229 West 43rd Street Retail Condo | 12/6/2016 | 11/6/2026 | 11/6/2026 | No | 0 | 0 | Lockout/29_Defeasance/84_0%/7 | 16,672,907 | 7,051,784 | 9,621,123 | 17,393,374 | 5,444,159 | ||
11 | Loan | 44, 45 | PCC | PCC | Plaza de Hacienda | 4/5/2017 | 3/5/2022 | 4/5/2022 | 3/5/2027 | No | 0 | 0 | Lockout/25_Defeasance/90_0%/5 | 3,087,717 | 757,852 | 2,329,865 | 2,926,017 | 750,740 | |
12 | Loan | 46, 47, 48, 49, 50, 51 | Natixis | Natixis | Greenwich Office Park | 12/5/2016 | 11/5/2021 | 11/5/2021 | No | 0 | 0 | Lockout/29_Defeasance/28_0%/3 | 14,983,728 | 5,914,718 | 9,069,010 | 12,235,559 | 5,917,082 | ||
13 | Loan | 52, 53, 54, 55 | CGMRC | CGMRC, DBNY | 111 Livingston Street | 2/6/2017 | 1/6/2027 | 1/6/2027 | No | 0 | 0 | Lockout/27_Defeasance/89_0%/4 | 15,897,602 | 7,311,771 | 8,585,831 | 16,165,456 | 8,044,808 | ||
14 | Loan | 56, 57, 58, 59, 60, 61, 62 | CGMRC | Barclays Bank PLC, RMF, CGMRC | Atlanta and Anchorage Hotel Portfolio | 4/6/2017 | 4/6/2017 | 3/6/2027 | No | 0 | 0 | Lockout/25_Defeasance/91_0%/4 | N/A | N/A | N/A | 49,678,772 | 34,076,117 | ||
14.01 | Property | Hilton Anchorage | N/A | N/A | N/A | 25,072,441 | 15,359,740 | ||||||||||||
14.02 | Property | Renaissance Concourse Atlanta Airport Hotel | N/A | N/A | N/A | 24,606,331 | 18,716,377 | ||||||||||||
15 | Loan | 63, 64, 65, 66 | CGMRC | CGMRC | 901 Wilshire Boulevard | 2/6/2017 | 1/6/2027 | 1/6/2027 | No | 0 | 0 | Lockout/27_Defeasance/89_0%/4 | N/A | N/A | N/A | N/A | N/A | ||
16 | Loan | PCC | PCC | Goodlett Farms Business Campus | 3/1/2017 | 2/1/2022 | 2/1/2022 | No | 0 | 5 | Lockout/26_Defeasance/30_0%/4 | N/A | N/A | N/A | 6,070,798 | 3,266,037 | |||
17 | Loan | 67, 68 | Natixis | Natixis | Cahuenga West Office Building | 3/5/2017 | 2/5/2022 | 3/5/2022 | 2/5/2027 | No | 0 | 0 | Lockout/26_Defeasance/91_0%/3 | 2,077,815 | 1,308,657 | 769,158 | 2,059,480 | 1,159,110 | |
18 | Loan | 69, 70, 71 | Natixis | Natixis | SAP Building | 4/5/2017 | 7/5/2022 | 8/5/2022 | 3/5/2027 | No | 0 | 0 | Lockout/25_Defeasance/92_0%/3 | 2,534,131 | 597,412 | 1,936,719 | 3,630,183 | 704,334 | |
19 | Loan | 25, 72, 73, 74 | Natixis | Natixis | Urban Union - Amazon | 3/6/2017 | 2/6/2022 | 2/6/2022 | No | 0 | 0 | Lockout/26_Defeasance or YM1%/30_0%/4 | N/A | N/A | N/A | N/A | N/A | ||
20 | Loan | 75 | CGMRC | CGMRC | 1875-1925 Nostrand Avenue | 3/6/2017 | 2/6/2022 | 3/6/2022 | 2/6/2027 | No | 0 | 0 | Lockout/26_Defeasance/90_0%/4 | 1,894,880 | 470,365 | 1,424,515 | 1,941,118 | 532,460 | |
21 | Loan | 76 | Natixis | Natixis | QLIC | 2/5/2016 | 1/5/2026 | 1/5/2026 | No | 5 | 2 | Lockout/39_Defeasance/78_0%/3 | N/A | N/A | N/A | N/A | N/A | ||
22 | Loan | 77, 78, 79, 80, 81 | Natixis | Natixis | Broadway Portfolio | 1/5/2017 | 12/5/2026 | 12/5/2026 | No | 0 | 0 | Lockout/28_Defeasance/88_0%/4 | N/A | N/A | N/A | 4,052,691 | 1,558,454 | ||
22.01 | Property | 1214- 1216 Broadway | N/A | N/A | N/A | 2,565,270 | 904,104 | ||||||||||||
22.02 | Property | 1204 Broadway | N/A | N/A | N/A | 997,549 | 518,085 | ||||||||||||
22.03 | Property | 1212 Broadway | N/A | N/A | N/A | 489,872 | 136,264 | ||||||||||||
23 | Loan | 82 | CGMRC | CGMRC | The Tower at OPOP | 4/6/2017 | 3/6/2022 | 4/6/2022 | 3/6/2027 | No | 0 | 0 | Lockout/25_Defeasance/91_0%/4 | N/A | N/A | N/A | N/A | N/A | |
24 | Loan | CREFI | CREFI | DeKalb Tech Center | 4/6/2017 | 4/6/2017 | 3/6/2027 | No | 0 | 0 | Lockout/25_YM1%/91_0%/4 | N/A | N/A | N/A | 2,014,472 | 615,851 | |||
25 | Loan | CGMRC | CGMRC | BJ’s Farmingdale | 2/6/2017 | 2/6/2017 | 1/6/2027 | No | 0 | 0 | Lockout/27_Defeasance/89_0%/4 | 1,356,017 | 51,981 | 1,304,036 | 1,479,291 | 56,779 | |||
26 | Loan | 83 | CREFI | CREFI | Walden Brook Apartments | 3/6/2017 | 2/6/2019 | 3/6/2019 | 2/6/2027 | No | 0 | 0 | Lockout/26_Defeasance/91_0%/3 | N/A | N/A | N/A | 2,405,277 | 1,446,306 | |
27 | Loan | 84, 85, 86, 87, 88 | Natixis | Natixis | Novo Nordisk | 10/5/2016 | 9/5/2021 | 9/5/2021 | Yes | 4/30/2031 | 0 | 0 | Lockout/31_Defeasance/26_0%/3 | N/A | N/A | N/A | 24,738,338 | 10,261,687 | |
28 | Loan | 89 | CGMRC | CGMRC | East Park Tower | 4/1/2017 | 3/1/2027 | 3/1/2027 | No | 0 | 0 | Lockout/25_Defeasance/92_0%/3 | N/A | N/A | N/A | 1,829,218 | 757,640 | ||
29 | Loan | 90 | PCC | PCC | El Camino Shopping Center | 5/1/2017 | 4/1/2027 | 4/1/2027 | No | 0 | 0 | Lockout/24_Defeasance/92_0%/4 | 1,846,428 | 418,566 | 1,427,862 | 1,960,977 | 451,689 | ||
30 | Loan | 91, 92 | CREFI | CREFI | Regul Walgreens Portfolio | 4/6/2017 | 3/6/2021 | 4/6/2021 | 3/6/2027 | No | 0 | 0 | Lockout/25_Defeasance/91_0%/4 | N/A | N/A | N/A | N/A | N/A | |
30.01 | Property | Walgreens Holland - MI | N/A | N/A | N/A | N/A | N/A | ||||||||||||
30.02 | Property | Walgreens Grandview - MO | N/A | N/A | N/A | N/A | N/A | ||||||||||||
30.03 | Property | Walgreens Memphis TN | N/A | N/A | N/A | N/A | N/A | ||||||||||||
31 | Loan | 93, 94 | Natixis | Natixis | Rentar Plaza | 10/5/2016 | 9/5/2026 | 9/5/2026 | No | 0 | 0 | Lockout/31_Defeasance or YM1%/85_0%/4 | 21,519,639 | 10,648,190 | 10,871,449 | 23,466,573 | 11,130,209 | ||
32 | Loan | 95, 96, 97 | CGMRC | CGMRC | Residence Inn Orlando East UCF | 3/6/2017 | 3/6/2017 | 2/6/2027 | No | 0 | 0 | Lockout/26_Defeasance/90_0%/4 | 2,877,710 | 1,840,949 | 1,036,761 | 2,936,032 | 1,919,437 | ||
33 | Loan | 98, 99 | CREFI | CREFI | Amsdell Cold Spring & Montgomery | 4/6/2017 | 3/6/2020 | 4/6/2020 | 3/6/2027 | No | 0 | 0 | Lockout/25_Defeasance/91_0%/4 | N/A | N/A | N/A | 1,463,295 | 688,208 | |
33.01 | Property | AA Self Storage | N/A | N/A | N/A | 592,539 | 151,232 | ||||||||||||
33.02 | Property | Mini Flex Storage - Troy Highway | N/A | N/A | N/A | 674,211 | 394,148 | ||||||||||||
33.03 | Property | Mini Flex Storage - Troy Annex | N/A | N/A | N/A | 196,546 | 142,828 | ||||||||||||
34 | Loan | Natixis | Natixis | Pacific Place | 1/10/2017 | 12/10/2026 | 12/10/2026 | No | 0 | 0 | Lockout/28_Defeasance/88_0%/4 | 1,095,534 | 309,822 | 785,712 | 1,208,493 | 242,150 | |||
35 | Loan | 100, 101, 102 | CGMRC | CGMRC | Parts Consolidation Center | 2/6/2017 | 1/6/2020 | 2/6/2020 | 1/6/2027 | No | 0 | 0 | Lockout/27_Defeasance/87_0%/6 | N/A | N/A | N/A | 2,937,182 | 840,049 | |
36 | Loan | PCC | PCC | 400 Manley | 4/1/2017 | 4/1/2017 | 3/1/2027 | No | 0 | 5 | Lockout/25_Defeasance/91_0%/4 | 900,962 | 370,081 | 530,880 | 933,437 | 364,339 | |||
37 | Loan | 103 | Natixis | Natixis | Home Center Village | 1/5/2017 | 12/5/2019 | 1/5/2020 | 12/5/2026 | No | 0 | 0 | Lockout/28_Defeasance or YM1%/88_0%/4 | 1,260,852 | 262,546 | 998,306 | 1,170,826 | 171,346 | |
38 | Loan | 104, 105 | Natixis | Natixis | West Lafayette Four Points | 5/5/2017 | 5/5/2017 | 4/5/2027 | No | 0 | 0 | Lockout/24_Defeasance/93_0%/3 | 3,769,447 | 3,279,413 | 490,034 | 4,409,838 | 3,492,134 | ||
39 | Loan | CGMRC | CGMRC | Mill Creek Self Storage | 3/6/2017 | 3/6/2017 | 2/6/2027 | No | 0 | 0 | Lockout/26_Defeasance/90_0%/4 | 691,685 | 235,460 | 456,225 | 819,861 | 253,626 | |||
40 | Loan | 106 | CREFI | CREFI | Walgreens - Minnesota and Louisiana | 5/6/2017 | 4/6/2027 | 4/6/2027 | No | 0 | 0 | Lockout/24_Defeasance/93_0%/3 | 662,400 | N/A | 662,400 | 662,400 | N/A | ||
40.01 | Property | Walgreens Moorhead - MN | 352,400 | N/A | 352,400 | 352,400 | N/A | ||||||||||||
40.02 | Property | Walgreens Thibodaux - LA | 310,000 | N/A | 310,000 | 310,000 | N/A | ||||||||||||
41 | Loan | 107 | Natixis | Natixis | Days Inn Raleigh Betline | 3/5/2017 | 3/5/2017 | 2/5/2027 | No | 0 | 0 | Lockout/26_Defeasance/91_0%/3 | 1,538,669 | 887,614 | 651,055 | 1,830,201 | 938,661 | ||
42 | Loan | 108, 109 | Natixis | Natixis | Shilo Inn Idaho Falls | 12/5/2015 | 12/5/2015 | 11/5/2025 | No | 0 | 0 | Lockout/41_Defeasance/76_0%/3 | 1,680,791 | 1,362,163 | 318,628 | 1,879,662 | 1,429,482 | ||
43 | Loan | 110, 111, 112, 113 | Natixis | Natixis | Comfort Inn Birch Run | 1/5/2017 | 1/5/2017 | 12/5/2026 | No | 0 | 0 | Lockout/28_Defeasance/89_0%/3 | 1,777,341 | 1,139,156 | 638,185 | 1,745,682 | 1,126,730 | ||
44 | Loan | 114, 115, 116 | CREFI | CREFI | Baillie MHC Portfolio | 5/6/2017 | 5/6/2017 | 4/6/2027 | No | 0 | 0 | Lockout/24_Defeasance/92_0%/4 | N/A | N/A | N/A | N/A | N/A | ||
44.01 | Property | Twin Wells MHC | 333,996 | 133,618 | 200,378 | 368,147 | 123,586 | ||||||||||||
44.02 | Property | Carey Estates | N/A | N/A | N/A | N/A | N/A | ||||||||||||
44.03 | Property | Colonial Estates | N/A | N/A | N/A | 242,977 | 157,019 | ||||||||||||
45 | Loan | 117, 118 | Natixis | Natixis | Best Western Vermont | 10/5/2016 | 10/5/2016 | 9/5/2026 | No | 0 | 0 | Lockout/31_Defeasance or YM1%/86_0%/3 | N/A | N/A | N/A | 1,268,871 | 809,059 | ||
46 | Loan | CREFI | CREFI | Storage Center - Colorado Springs | 4/6/2017 | 3/6/2019 | 4/6/2019 | 3/6/2027 | No | 0 | 0 | Lockout/25_Defeasance/91_0%/4 | N/A | N/A | N/A | 295,767 | 116,094 |
CGCMT 2017-P7 Annex A
Control Number | Loan / Property Flag | Footnotes | Mortgage Loan Seller | Originator | Property Name | 2014 NOI ($) | 2015 EGI ($) | 2015 Expenses ($) | 2015 NOI ($) | Most Recent EGI (if past 2015) ($) | Most Recent Expenses (if past 2015) ($) | Most Recent NOI (if past 2015) ($) | Most Recent NOI Date (if past 2015) | Most Recent # of months | Most Recent Description | Underwritten EGI ($) | Underwritten Expenses ($) | Underwritten Net Operating Income ($) |
1 | Loan | 8, 9, 10, 11 | CREFI | CREFI, GSMC | Mack-Cali Short Hills Office Portfolio | 14,009,946 | 23,018,857 | 7,940,125 | 15,078,732 | 24,268,523 | 7,727,841 | 16,540,682 | 12/31/2016 | 12 | Trailing 12 | 25,918,065 | 7,994,593 | 17,923,472 |
1.01 | Property | 51 JFK Parkway | 6,410,366 | 12,450,290 | 4,227,670 | 8,222,620 | 12,860,527 | 4,081,784 | 8,778,743 | 12/31/2016 | 12 | Trailing 12 | 13,780,140 | 4,284,000 | 9,496,140 | |||
1.02 | Property | 101 JFK Parkway | 4,814,229 | 6,506,749 | 2,573,686 | 3,933,063 | 6,973,468 | 2,486,861 | 4,486,607 | 12/31/2016 | 12 | Trailing 12 | 7,438,114 | 2,525,992 | 4,912,122 | |||
1.03 | Property | 103 JFK Parkway | 2,785,351 | 4,061,818 | 1,138,769 | 2,923,049 | 4,434,528 | 1,159,196 | 3,275,332 | 12/31/2016 | 12 | Trailing 12 | 4,699,811 | 1,184,601 | 3,515,210 | |||
2 | Loan | 12, 13 | CREFI | CREFI | 50 Broadway | 5,248,230 | 13,754,254 | 8,203,918 | 5,550,336 | 13,949,129 | 8,493,383 | 5,455,746 | 12/31/2016 | 12 | Trailing 12 | 15,330,310 | 8,656,674 | 6,673,636 |
3 | Loan | 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25 | CREFI | CREFI, DBNY, BANA | Key Center Cleveland | 25,994,402 | 63,246,960 | 39,795,936 | 23,451,024 | 59,240,408 | 39,040,871 | 20,199,537 | 12/31/2016 | 12 | Trailing 12 | 67,329,103 | 39,219,780 | 28,109,323 |
4 | Loan | 25, 26, 27, 28, 29 | PCC | PCC | Scripps Center | 5,550,388 | 12,687,558 | 6,241,825 | 6,445,733 | 11,942,735 | 6,169,813 | 5,772,922 | 12/31/2016 | 12 | Trailing 12 | 13,210,971 | 6,471,316 | 6,739,655 |
5 | Loan | 30 | PCC | PCC | Cascade Village | 4,199,089 | 6,268,458 | 1,623,515 | 4,644,943 | 6,412,515 | 1,667,366 | 4,745,149 | 11/30/2016 | 12 | Trailing 12 | 6,394,513 | 1,704,790 | 4,689,723 |
6 | Loan | CGMRC | CGMRC | 19000 Homestead Road | 4,108,992 | 4,142,850 | N/A | 4,142,850 | 4,176,981 | N/A | 4,176,981 | 12/31/2016 | 12 | Trailing 12 | 4,338,364 | 135,151 | 4,203,213 | |
7 | Loan | 31 | PCC | PCC | Veteran’s Plaza | 3,500,055 | 4,107,827 | 444,355 | 3,663,472 | 4,174,539 | 441,548 | 3,732,991 | 12/31/2016 | 12 | Trailing 12 | 4,543,772 | 735,880 | 3,807,892 |
8 | Loan | 32, 33 | Natixis | Natixis | Sterling Jewelers Corporate Headquarters I & II | 2,619,363 | 3,222,706 | 81,743 | 3,140,963 | 3,222,708 | 78,505 | 3,144,203 | 8/31/2016 | 12 | Trailing 12 | 3,628,755 | 133,608 | 3,495,147 |
9 | Loan | 25, 34, 35, 36, 37 | CGMRC | CGMRC | Hamilton Crossing | 6,387,112 | 10,573,515 | 4,015,499 | 6,558,016 | 10,960,470 | 4,315,749 | 6,644,721 | 12/31/2016 | 12 | Trailing 12 | 10,973,297 | 4,339,847 | 6,633,451 |
10 | Loan | 38, 39, 40, 41, 42, 43 | CGMRC | DBNY | 229 West 43rd Street Retail Condo | 11,949,215 | N/A | N/A | N/A | 17,645,886 | 3,870,185 | 13,775,701 | 8/31/2016 | 10 | Annualized 10 Months | 25,397,158 | 3,895,157 | 21,502,001 |
11 | Loan | 44, 45 | PCC | PCC | Plaza de Hacienda | 2,175,277 | 3,194,678 | 669,887 | 2,524,791 | 3,197,243 | 755,791 | 2,441,452 | 12/31/2016 | 12 | Trailing 12 | 3,214,854 | 801,643 | 2,413,211 |
12 | Loan | 46, 47, 48, 49, 50, 51 | Natixis | Natixis | Greenwich Office Park | 6,318,478 | 13,283,730 | 6,628,147 | 6,655,583 | 16,218,908 | 6,473,544 | 9,745,364 | 12/31/2016 | 12 | Trailing 12 | 14,572,808 | 6,554,110 | 8,018,698 |
13 | Loan | 52, 53, 54, 55 | CGMRC | CGMRC, DBNY | 111 Livingston Street | 8,120,648 | 17,507,058 | 8,444,503 | 9,062,555 | 17,760,890 | 8,465,710 | 9,295,180 | 9/30/2016 | 12 | Trailing 12 | 18,801,753 | 9,038,441 | 9,763,312 |
14 | Loan | 56, 57, 58, 59, 60, 61, 62 | CGMRC | Barclays Bank PLC, RMF, CGMRC | Atlanta and Anchorage Hotel Portfolio | 15,602,655 | 51,526,380 | 34,932,216 | 16,594,164 | 50,552,560 | 32,379,885 | 18,172,675 | 1/31/2017 | 12 | Trailing 12 | 50,254,774 | 32,299,375 | 17,955,399 |
14.01 | Property | Hilton Anchorage | 9,712,701 | 24,591,971 | 15,257,381 | 9,334,590 | 23,073,940 | 14,450,386 | 8,623,554 | 1/31/2017 | 12 | Trailing 12 | 23,010,897 | 14,435,058 | 8,575,839 | |||
14.02 | Property | Renaissance Concourse Atlanta Airport Hotel | 5,889,954 | 26,934,409 | 19,674,835 | 7,259,574 | 27,478,620 | 17,929,499 | 9,549,121 | 1/31/2017 | 12 | Trailing 12 | 27,243,877 | 17,864,317 | 9,379,560 | |||
15 | Loan | 63, 64, 65, 66 | CGMRC | CGMRC | 901 Wilshire Boulevard | N/A | N/A | N/A | N/A | N/A | N/A | N/A | NAV | NAV | Not Available | 2,289,905 | 368,931 | 1,920,974 |
16 | Loan | PCC | PCC | Goodlett Farms Business Campus | 2,804,762 | 6,463,814 | 3,074,498 | 3,389,316 | 6,037,978 | 2,769,031 | 3,268,947 | 12/31/2016 | 12 | Trailing 12 | 6,594,831 | 2,924,721 | 3,670,109 | |
17 | Loan | 67, 68 | Natixis | Natixis | Cahuenga West Office Building | 900,370 | 2,662,122 | 1,308,515 | 1,353,607 | 3,513,344 | 1,262,737 | 2,250,607 | 12/31/2016 | 12 | Trailing 12 | 4,070,629 | 1,527,636 | 2,542,993 |
18 | Loan | 69, 70, 71 | Natixis | Natixis | SAP Building | 2,925,849 | 3,628,355 | 537,934 | 3,090,421 | 3,664,526 | 529,041 | 3,135,485 | 12/31/2016 | 12 | Trailing 12 | 4,193,284 | 398,709 | 3,794,575 |
19 | Loan | 25, 72, 73, 74 | Natixis | Natixis | Urban Union - Amazon | N/A | N/A | N/A | N/A | N/A | N/A | N/A | NAV | NAV | Not Available | 16,148,162 | 4,519,828 | 11,628,334 |
20 | Loan | 75 | CGMRC | CGMRC | 1875-1925 Nostrand Avenue | 1,408,658 | 2,003,984 | 597,964 | 1,406,020 | 1,951,667 | 648,092 | 1,303,575 | 12/31/2016 | 12 | Trailing 12 | 2,389,503 | 659,075 | 1,730,428 |
21 | Loan | 76 | Natixis | Natixis | QLIC | N/A | N/A | N/A | N/A | 10,615,394 | 3,127,689 | 7,487,706 | 11/30/2016 | 11 | Annualized 11 Months | 15,594,744 | 3,391,241 | 12,203,502 |
22 | Loan | 77, 78, 79, 80, 81 | Natixis | Natixis | Broadway Portfolio | 2,494,238 | 4,225,978 | 1,563,412 | 2,662,566 | 4,181,976 | 1,525,832 | 2,656,144 | 6/30/2016 | 12 | Trailing 12 | 6,069,669 | 1,799,138 | 4,270,531 |
22.01 | Property | 1214- 1216 Broadway | 1,661,166 | 2,212,643 | 932,341 | 1,280,302 | 2,210,286 | 904,933 | 1,305,353 | 6/30/2016 | 12 | Trailing 12 | 3,544,233 | 1,046,881 | 2,497,352 | |||
22.02 | Property | 1204 Broadway | 479,464 | 1,422,097 | 470,324 | 951,774 | 1,352,776 | 461,787 | 890,989 | 6/30/2016 | 12 | Trailing 12 | 1,940,591 | 565,939 | 1,374,652 | |||
22.03 | Property | 1212 Broadway | 353,608 | 591,238 | 160,747 | 430,491 | 618,914 | 159,112 | 459,802 | 6/30/2016 | 12 | Trailing 12 | 584,845 | 186,318 | 398,527 | |||
23 | Loan | 82 | CGMRC | CGMRC | The Tower at OPOP | N/A | 1,745,754 | 1,067,992 | 677,762 | 2,431,798 | 1,118,733 | 1,313,065 | 12/31/2016 | 12 | Trailing 12 | 2,633,937 | 967,297 | 1,666,640 |
24 | Loan | CREFI | CREFI | DeKalb Tech Center | 1,398,621 | 2,470,262 | 631,987 | 1,838,275 | 2,471,424 | 635,380 | 1,836,044 | 12/31/2016 | 12 | Trailing 12 | 2,597,409 | 634,408 | 1,963,001 | |
25 | Loan | CGMRC | CGMRC | BJ’s Farmingdale | 1,422,512 | 1,479,291 | 56,693 | 1,422,598 | 1,356,017 | 56,277 | 1,299,740 | 9/30/2016 | 12 | Trailing 12 | 1,502,246 | 56,101 | 1,446,145 | |
26 | Loan | 83 | CREFI | CREFI | Walden Brook Apartments | 958,971 | 2,538,787 | 1,495,880 | 1,042,907 | 2,820,711 | 1,520,349 | 1,300,362 | 11/30/2016 | 12 | Trailing 12 | 2,820,711 | 1,488,430 | 1,332,281 |
27 | Loan | 84, 85, 86, 87, 88 | Natixis | Natixis | Novo Nordisk | 14,476,650 | 24,562,154 | 10,163,040 | 14,399,114 | 24,599,348 | 9,911,492 | 14,687,857 | 5/31/2016 | 12 | Trailing 12 | 29,605,904 | 11,891,591 | 17,714,312 |
28 | Loan | 89 | CGMRC | CGMRC | East Park Tower | 1,071,578 | 1,977,379 | 763,866 | 1,213,513 | 1,970,198 | 724,904 | 1,245,294 | 11/30/2016 | 12 | Trailing 12 | 2,066,970 | 743,094 | 1,323,876 |
29 | Loan | 90 | PCC | PCC | El Camino Shopping Center | 1,509,288 | 2,184,621 | 479,454 | 1,705,167 | 2,317,713 | 523,982 | 1,793,731 | 11/30/2016 | 11 | Annualized 11 Months | 2,463,567 | 577,692 | 1,885,876 |
30 | Loan | 91, 92 | CREFI | CREFI | Regul Walgreens Portfolio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | NAV | NAV | Not Available | 1,159,702 | 37,149 | 1,122,553 |
30.01 | Property | Walgreens Holland - MI | N/A | N/A | N/A | N/A | N/A | N/A | N/A | NAV | NAV | Not Available | 430,063 | 14,081 | 415,982 | |||
30.02 | Property | Walgreens Grandview - MO | N/A | N/A | N/A | N/A | N/A | N/A | N/A | NAV | NAV | Not Available | 406,700 | 12,201 | 394,499 | |||
30.03 | Property | Walgreens Memphis TN | N/A | N/A | N/A | N/A | N/A | N/A | N/A | NAV | NAV | Not Available | 322,939 | 10,867 | 312,072 | |||
31 | Loan | 93, 94 | Natixis | Natixis | Rentar Plaza | 12,336,364 | 24,453,413 | 11,580,671 | 12,872,742 | 24,383,651 | 11,274,905 | 13,108,746 | 6/30/2016 | 12 | Trailing 12 | 24,610,323 | 11,992,475 | 12,617,848 |
32 | Loan | 95, 96, 97 | CGMRC | CGMRC | Residence Inn Orlando East UCF | 1,016,595 | 3,623,784 | 2,134,785 | 1,488,999 | 3,732,651 | 2,164,306 | 1,568,345 | 11/30/2016 | 12 | Trailing 12 | 3,722,453 | 2,138,498 | 1,583,955 |
33 | Loan | 98, 99 | CREFI | CREFI | Amsdell Cold Spring & Montgomery | 775,087 | 1,533,992 | 655,715 | 878,277 | 1,673,944 | 625,757 | 1,048,187 | 12/31/2016 | Various | Various | 1,651,207 | 657,212 | 993,995 |
33.01 | Property | AA Self Storage | 441,307 | 599,810 | 169,210 | 430,600 | 669,565 | 184,609 | 484,957 | 12/31/2016 | 10 | Annualized 10 Months | 669,565 | 241,362 | 428,204 | |||
33.02 | Property | Mini Flex Storage - Troy Highway | 280,063 | 721,343 | 399,833 | 321,510 | 763,993 | 374,233 | 389,760 | 12/31/2016 | 12 | Trailing 12 | 763,992 | 349,229 | 414,762 | |||
33.03 | Property | Mini Flex Storage - Troy Annex | 53,717 | 212,839 | 86,672 | 126,167 | 240,386 | 66,916 | 173,470 | 12/31/2016 | 12 | Trailing 12 | 217,650 | 66,621 | 151,028 | |||
34 | Loan | Natixis | Natixis | Pacific Place | 966,343 | 1,209,181 | 250,004 | 959,177 | 1,210,758 | 254,307 | 956,451 | 10/31/2016 | 12 | Trailing 12 | 1,317,007 | 353,233 | 963,774 | |
35 | Loan | 100, 101, 102 | CGMRC | CGMRC | Parts Consolidation Center | 2,097,133 | 3,451,922 | 916,297 | 2,535,625 | 3,490,511 | 930,590 | 2,559,921 | 9/30/2016 | 12 | Trailing 12 | 3,473,815 | 1,046,728 | 2,427,087 |
36 | Loan | PCC | PCC | 400 Manley | 569,098 | 1,147,097 | 390,156 | 756,941 | 1,290,064 | 373,632 | 916,432 | 12/31/2016 | 12 | Trailing 12 | 1,274,922 | 374,369 | 900,552 | |
37 | Loan | 103 | Natixis | Natixis | Home Center Village | 999,480 | 995,096 | 252,463 | 742,633 | 1,304,864 | 262,534 | 1,042,331 | 12/31/2016 | 12 | Trailing 12 | 1,289,718 | 262,365 | 1,027,354 |
38 | Loan | 104, 105 | Natixis | Natixis | West Lafayette Four Points | 917,704 | 4,373,065 | 3,416,128 | 956,937 | 4,446,069 | 3,415,826 | 1,030,243 | 11/30/2016 | 12 | Trailing 12 | 4,433,921 | 3,388,302 | 1,045,619 |
39 | Loan | CGMRC | CGMRC | Mill Creek Self Storage | 566,235 | 879,910 | 279,786 | 600,124 | 878,093 | 316,978 | 561,115 | 12/31/2016 | 12 | Trailing 12 | 878,093 | 273,061 | 605,032 | |
40 | Loan | 106 | CREFI | CREFI | Walgreens - Minnesota and Louisiana | 662,400 | 662,400 | N/A | 662,400 | 662,400 | N/A | 662,400 | 12/31/2016 | 12 | Trailing 12 | 642,528 | 19,276 | 623,252 |
40.01 | Property | Walgreens Moorhead - MN | 352,400 | 352,400 | N/A | 352,400 | 352,400 | N/A | 352,400 | 12/31/2016 | 12 | Trailing 12 | 341,828 | 10,255 | 331,573 | |||
40.02 | Property | Walgreens Thibodaux - LA | 310,000 | 310,000 | N/A | 310,000 | 310,000 | N/A | 310,000 | 12/31/2016 | 12 | Trailing 12 | 300,700 | 9,021 | 291,679 | |||
41 | Loan | 107 | Natixis | Natixis | Days Inn Raleigh Betline | 891,540 | 2,239,260 | 1,113,436 | 1,125,824 | 2,240,833 | 1,052,724 | 1,188,109 | 9/30/2016 | 12 | Trailing 12 | 2,234,711 | 1,061,884 | 1,172,826 |
42 | Loan | 108, 109 | Natixis | Natixis | Shilo Inn Idaho Falls | 450,180 | 2,302,589 | 1,460,414 | 842,175 | 2,753,756 | 1,669,963 | 1,083,793 | 10/31/2016 | 12 | Trailing 12 | 2,745,061 | 1,807,676 | 937,385 |
43 | Loan | 110, 111, 112, 113 | Natixis | Natixis | Comfort Inn Birch Run | 618,952 | 1,674,406 | 1,031,384 | 643,022 | 1,800,259 | 1,087,583 | 712,676 | 9/30/2016 | 12 | Trailing 12 | 1,800,259 | 1,101,320 | 698,939 |
44 | Loan | 114, 115, 116 | CREFI | CREFI | Baillie MHC Portfolio | N/A | 942,631 | 404,938 | 537,693 | 1,035,502 | 441,749 | 593,753 | 12/31/2016 | 12 | Trailing 12 | 1,035,502 | 487,442 | 548,060 |
44.01 | Property | Twin Wells MHC | 244,561 | 401,561 | 161,786 | 239,775 | 394,410 | 172,717 | 221,693 | 12/31/2016 | 12 | Trailing 12 | 394,410 | 189,944 | 204,466 | |||
44.02 | Property | Carey Estates | N/A | 239,179 | 91,453 | 147,726 | 269,309 | 97,794 | 171,515 | 12/31/2016 | 12 | Trailing 12 | 269,309 | 109,243 | 160,066 | |||
44.03 | Property | Colonial Estates | 85,958 | 301,891 | 151,699 | 150,192 | 371,783 | 171,238 | 200,545 | 12/31/2016 | 12 | Trailing 12 | 371,783 | 188,256 | 183,527 | |||
45 | Loan | 117, 118 | Natixis | Natixis | Best Western Vermont | 459,812 | 1,317,158 | 782,848 | 534,310 | 1,311,770 | 787,521 | 524,249 | 5/31/2016 | 12 | Trailing 12 | 1,308,186 | 836,655 | 471,531 |
46 | Loan | CREFI | CREFI | Storage Center - Colorado Springs | 179,673 | 303,188 | 101,391 | 201,797 | 321,983 | 107,709 | 214,274 | 12/31/2016 | 12 | Trailing 12 | 321,983 | 106,184 | 215,799 |
CGCMT 2017-P7 Annex A
Control Number | Loan / Property Flag | Footnotes | Mortgage Loan Seller | Originator | Property Name | Debt Yield on Underwritten Net Operating Income (%) | Underwritten Replacement / FF&E Reserve ($) | Underwritten TI / LC ($) | Underwritten Net Cash Flow ($) | Underwritten NCF DSCR (x) (4) | Debt Yield on Underwritten Net Cash Flow (%) | Appraised Value ($) | Appraisal Date | Cut-off Date LTV Ratio (%) | LTV Ratio at Maturity / ARD (%) | Occupancy (%) (5) | Occupancy Date | ADR ($) | RevPAR ($) |
1 | Loan | 8, 9, 10, 11 | CREFI | CREFI, GSMC | Mack-Cali Short Hills Office Portfolio | 14.4% | 114,434 | 999,568 | 16,809,470 | 3.28 | 13.5% | 276,000,000 | 2/2/2017 | 45.1% | 45.1% | 100.0% | 10/27/2016 | NAP | NAP |
1.01 | Property | 51 JFK Parkway | 51,819 | 479,660 | 8,964,661 | 150,000,000 | 2/2/2017 | 100.0% | 10/27/2016 | NAP | NAP | ||||||||
1.02 | Property | 101 JFK Parkway | 38,014 | 314,260 | 4,559,848 | 76,000,000 | 2/2/2017 | 100.0% | 10/27/2016 | NAP | NAP | ||||||||
1.03 | Property | 103 JFK Parkway | 24,600 | 205,648 | 3,284,962 | 50,000,000 | 2/2/2017 | 100.0% | 10/27/2016 | NAP | NAP | ||||||||
2 | Loan | 12, 13 | CREFI | CREFI | 50 Broadway | 10.8% | 70,400 | 510,488 | 6,092,748 | 2.35 | 9.8% | 150,000,000 | 2/2/2017 | 41.3% | 41.3% | 89.6% | 3/1/2017 | NAP | NAP |
3 | Loan | 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25 | CREFI | CREFI, DBNY, BANA | Key Center Cleveland | 12.8% | 1,456,034 | 1,326,153 | 25,327,136 | 1.59 | 11.5% | 362,000,000 | 12/1/2017 | 60.8% | 49.6% | Various | Various | 160.02 | 107.09 |
4 | Loan | 25, 26, 27, 28, 29 | PCC | PCC | Scripps Center | 9.4% | 4,561 | 437,365 | 6,297,729 | 1.41 | 8.7% | 98,000,000 | 12/15/2016 | 73.5% | 63.0% | 93.1% | 2/1/2017 | NAP | NAP |
5 | Loan | 30 | PCC | PCC | Cascade Village | 9.4% | 121,392 | 183,928 | 4,384,403 | 1.42 | 8.8% | 76,500,000 | 1/6/2017 | 65.4% | 57.4% | 96.9% | 2/14/2017 | NAP | NAP |
6 | Loan | CGMRC | CGMRC | 19000 Homestead Road | 10.3% | 20,070 | 107,747 | 4,075,396 | 2.18 | 9.9% | 71,240,000 | 12/14/2016 | 57.6% | 57.6% | 100.0% | 4/6/2017 | NAP | NAP | |
7 | Loan | 31 | PCC | PCC | Veteran’s Plaza | 9.5% | 12,500 | 125,000 | 3,670,392 | 1.51 | 9.2% | 69,000,000 | 12/7/2016 | 58.0% | 53.1% | 100.0% | 4/1/2017 | NAP | NAP |
8 | Loan | 32, 33 | Natixis | Natixis | Sterling Jewelers Corporate Headquarters I & II | 9.1% | 54,320 | 0 | 3,440,827 | 1.84 | 8.9% | 61,900,000 | 8/8/2016 | 62.2% | 62.2% | 100.0% | 4/5/2017 | NAP | NAP |
9 | Loan | 25, 34, 35, 36, 37 | CGMRC | CGMRC | Hamilton Crossing | 12.1% | 124,093 | 606,278 | 5,903,080 | 1.68 | 10.7% | 76,100,000 | 12/2/2016 | 72.3% | 59.4% | 88.8% | Various | NAP | NAP |
10 | Loan | 38, 39, 40, 41, 42, 43 | CGMRC | DBNY | 229 West 43rd Street Retail Condo | 7.5% | 74,537 | 1,219,809 | 20,207,655 | 1.75 | 7.1% | 470,000,000 | 10/1/2016 | 60.6% | 60.6% | 100.0% | 10/1/2016 | NAP | NAP |
11 | Loan | 44, 45 | PCC | PCC | Plaza de Hacienda | 8.1% | 41,705 | 38,615 | 2,332,891 | 1.23 | 7.8% | 47,000,000 | 2/4/2017 | 63.3% | 58.3% | 100.0% | 3/1/2017 | NAP | NAP |
12 | Loan | 46, 47, 48, 49, 50, 51 | Natixis | Natixis | Greenwich Office Park | 9.2% | 61,635 | 570,368 | 7,386,696 | 1.83 | 8.4% | 134,000,000 | 9/6/2016 | 65.3% | 65.3% | 79.6% | 3/1/2017 | NAP | NAP |
13 | Loan | 52, 53, 54, 55 | CGMRC | CGMRC, DBNY | 111 Livingston Street | 8.1% | 86,800 | 710,011 | 8,966,501 | 1.56 | 7.5% | 219,000,000 | 10/26/2016 | 54.8% | 54.8% | 97.6% | 11/1/2016 | NAP | NAP |
14 | Loan | 56, 57, 58, 59, 60, 61, 62 | CGMRC | Barclays Bank PLC, RMF, CGMRC | Atlanta and Anchorage Hotel Portfolio | 15.6% | 2,282,630 | 0 | 15,672,769 | 1.81 | 13.6% | 182,000,000 | Various | 63.1% | 48.5% | 64.9% | 1/31/2017 | 136.64 | 88.74 |
14.01 | Property | Hilton Anchorage | 920,436 | 0 | 7,655,403 | 103,600,000 | 12/12/2016 | 57.6% | 1/31/2017 | 140.30 | 80.81 | ||||||||
14.02 | Property | Renaissance Concourse Atlanta Airport Hotel | 1,362,194 | 0 | 8,017,366 | 78,400,000 | 12/30/2016 | 76.4% | 1/31/2017 | 132.32 | 101.15 | ||||||||
15 | Loan | 63, 64, 65, 66 | CGMRC | CGMRC | 901 Wilshire Boulevard | 7.4% | 4,327 | 18,594 | 1,898,053 | 1.47 | 7.3% | 40,700,000 | 5/1/2017 | 63.9% | 63.9% | 100.0% | 5/1/2017 | NAP | NAP |
16 | Loan | PCC | PCC | Goodlett Farms Business Campus | 14.6% | 164,217 | 364,926 | 3,140,968 | 2.74 | 12.5% | 42,750,000 | 12/14/2016 | 58.9% | 58.9% | 94.3% | 1/31/2017 | NAP | NAP | |
17 | Loan | 67, 68 | Natixis | Natixis | Cahuenga West Office Building | 10.3% | 19,502 | 108,965 | 2,414,527 | 1.56 | 9.8% | 36,800,000 | 12/7/2016 | 67.1% | 61.7% | 98.0% | 2/9/2017 | NAP | NAP |
18 | Loan | 69, 70, 71 | Natixis | Natixis | SAP Building | 15.7% | 8,442 | 0 | 3,786,133 | 1.29 | 15.7% | 54,400,000 | 1/19/2017 | 44.4% | 31.0% | 100.0% | 4/5/2017 | NAP | NAP |
19 | Loan | 25, 72, 73, 74 | Natixis | Natixis | Urban Union - Amazon | 18.7% | 29,579 | 0 | 11,598,755 | 5.44 | 18.6% | 269,000,000 | 1/11/2017 | 23.1% | 23.1% | 100.0% | 1/1/2017 | NAP | NAP |
20 | Loan | 75 | CGMRC | CGMRC | 1875-1925 Nostrand Avenue | 8.0% | 5,150 | 34,332 | 1,690,946 | 1.20 | 7.8% | 35,600,000 | 12/20/2016 | 61.1% | 56.4% | 100.0% | 12/1/2016 | NAP | NAP |
21 | Loan | 76 | Natixis | Natixis | QLIC | 8.4% | 84,200 | 18,123 | 12,101,180 | 1.87 | 8.3% | 255,000,000 | 8/18/2016 | 56.9% | 56.9% | 98.3% | 1/17/2017 | NAP | NAP |
22 | Loan | 77, 78, 79, 80, 81 | Natixis | Natixis | Broadway Portfolio | 7.4% | 11,613 | 77,415 | 4,181,503 | 1.54 | 7.2% | 97,000,000 | 8/25/2016 | 59.8% | 59.8% | 83.8% | 9/2/2016 | NAP | NAP |
22.01 | Property | 1214- 1216 Broadway | 7,777 | 51,845 | 2,437,731 | 81.7% | 9/2/2016 | NAP | NAP | ||||||||||
22.02 | Property | 1204 Broadway | 3,510 | 23,394 | 1,347,748 | 87.1% | 9/2/2016 | NAP | NAP | ||||||||||
22.03 | Property | 1212 Broadway | 326 | 2,176 | 396,025 | 100.0% | 9/2/2016 | NAP | NAP | ||||||||||
23 | Loan | 82 | CGMRC | CGMRC | The Tower at OPOP | 8.3% | 32,587 | 3,910 | 1,630,143 | 1.30 | 8.2% | 27,300,000 | 1/24/2017 | 73.3% | 67.4% | 96.1% | 2/23/2017 | NAP | NAP |
24 | Loan | CREFI | CREFI | DeKalb Tech Center | 10.1% | 56,841 | 197,851 | 1,708,309 | 1.39 | 8.8% | 28,100,000 | 12/23/2016 | 69.3% | 56.8% | 82.4% | 1/1/2017 | NAP | NAP | |
25 | Loan | CGMRC | CGMRC | BJ’s Farmingdale | 8.4% | 21,706 | 64,618 | 1,359,820 | 1.20 | 7.9% | 25,300,000 | 10/18/2016 | 68.0% | 56.4% | 100.0% | 4/6/2017 | NAP | NAP | |
26 | Loan | 83 | CREFI | CREFI | Walden Brook Apartments | 8.7% | 74,752 | 0 | 1,257,529 | 1.20 | 8.2% | 24,300,000 | 12/13/2016 | 63.0% | 57.2% | 94.1% | 1/11/2017 | NAP | NAP |
27 | Loan | 84, 85, 86, 87, 88 | Natixis | Natixis | Novo Nordisk | 10.5% | 38,091 | 0 | 17,676,221 | 2.97 | 10.5% | 319,900,000 | 6/1/2016 | 52.6% | 52.6% | 78.0% | 4/5/2017 | NAP | NAP |
28 | Loan | 89 | CGMRC | CGMRC | East Park Tower | 8.9% | 42,141 | 8,802 | 1,272,933 | 1.89 | 8.6% | 23,500,000 | 1/17/2017 | 63.2% | 63.2% | 93.3% | 12/27/2016 | NAP | NAP |
29 | Loan | 90 | PCC | PCC | El Camino Shopping Center | 13.0% | 40,075 | 62,172 | 1,783,629 | 2.73 | 12.3% | 39,500,000 | 1/12/2017 | 36.7% | 36.7% | 100.0% | 3/7/2017 | NAP | NAP |
30 | Loan | 91, 92 | CREFI | CREFI | Regul Walgreens Portfolio | 8.8% | 6,571 | 0 | 1,115,982 | 1.35 | 8.7% | 19,770,000 | Various | 64.6% | 58.5% | 100.0% | 4/6/2017 | NAP | NAP |
30.01 | Property | Walgreens Holland - MI | 2,223 | 0 | 413,759 | 7,075,000 | 1/18/2017 | 100.0% | 4/6/2017 | NAP | NAP | ||||||||
30.02 | Property | Walgreens Grandview - MO | 2,174 | 0 | 392,325 | 6,950,000 | 1/22/2017 | 100.0% | 4/6/2017 | NAP | NAP | ||||||||
30.03 | Property | Walgreens Memphis TN | 2,174 | 0 | 309,898 | 5,745,000 | 1/1/2017 | 100.0% | 4/6/2017 | NAP | NAP | ||||||||
31 | Loan | 93, 94 | Natixis | Natixis | Rentar Plaza | 9.6% | 156,721 | 391,802 | 12,069,325 | 2.59 | 9.1% | 300,000,000 | 7/19/2016 | 44.0% | 44.0% | 100.0% | 9/30/2016 | NAP | NAP |
32 | Loan | 95, 96, 97 | CGMRC | CGMRC | Residence Inn Orlando East UCF | 13.2% | 148,898 | 0 | 1,435,057 | 1.81 | 12.0% | 15,800,000 | 10/12/2016 | 67.2% | 55.8% | 82.1% | 11/30/2016 | 123.74 | 101.53 |
33 | Loan | 98, 99 | CREFI | CREFI | Amsdell Cold Spring & Montgomery | 8.8% | 20,151 | 0 | 973,844 | 1.29 | 8.6% | 16,200,000 | Various | 69.8% | 63.5% | 89.7% | Various | NAP | NAP |
33.01 | Property | AA Self Storage | 6,615 | 0 | 421,589 | 7,100,000 | 2/7/2017 | 82.4% | 2/1/2017 | NAP | NAP | ||||||||
33.02 | Property | Mini Flex Storage - Troy Highway | 9,955 | 0 | 404,808 | 7,400,000 | 2/10/2017 | 91.3% | 1/7/2017 | NAP | NAP | ||||||||
33.03 | Property | Mini Flex Storage - Troy Annex | 3,581 | 0 | 147,447 | 1,700,000 | 2/10/2017 | 98.8% | 1/26/2017 | NAP | NAP | ||||||||
34 | Loan | Natixis | Natixis | Pacific Place | 8.8% | 6,106 | 53,872 | 903,797 | 1.67 | 8.2% | 17,100,000 | 9/27/2016 | 64.3% | 64.3% | 94.6% | 12/1/2016 | NAP | NAP | |
35 | Loan | 100, 101, 102 | CGMRC | CGMRC | Parts Consolidation Center | 10.7% | 60,400 | 0 | 2,366,687 | 1.68 | 10.4% | 36,000,000 | 10/24/2016 | 63.2% | 55.5% | 100.0% | 7/1/2016 | NAP | NAP |
36 | Loan | PCC | PCC | 400 Manley | 9.0% | 21,440 | 43,030 | 836,082 | 1.30 | 8.4% | 13,500,000 | 1/11/2017 | 74.0% | 60.9% | 100.0% | 2/28/2017 | NAP | NAP | |
37 | Loan | 103 | Natixis | Natixis | Home Center Village | 13.2% | 29,679 | 61,104 | 936,570 | 2.06 | 12.0% | 11,500,000 | 9/21/2016 | 67.8% | 58.9% | 98.4% | 11/2/2016 | NAP | NAP |
38 | Loan | 104, 105 | Natixis | Natixis | West Lafayette Four Points | 14.4% | 177,357 | 0 | 868,262 | 1.53 | 12.0% | 11,500,000 | 12/30/2016 | 63.0% | 49.0% | 47.4% | 1/31/2017 | 105.15 | 50.51 |
39 | Loan | CGMRC | CGMRC | Mill Creek Self Storage | 8.6% | 8,904 | 0 | 596,128 | 1.26 | 8.5% | 9,850,000 | 11/21/2016 | 71.4% | 59.5% | 90.8% | 12/31/2016 | NAP | NAP | |
40 | Loan | 106 | CREFI | CREFI | Walgreens - Minnesota and Louisiana | 9.4% | 2,931 | 0 | 620,321 | 1.90 | 9.4% | 11,265,000 | 1/31/2017 | 58.8% | 58.8% | 100.0% | 4/6/2017 | NAP | NAP |
40.01 | Property | Walgreens Moorhead - MN | 1,449 | 0 | 330,124 | 5,875,000 | 1/31/2017 | 100.0% | 4/6/2017 | NAP | NAP | ||||||||
40.02 | Property | Walgreens Thibodaux - LA | 1,482 | 0 | 290,197 | 5,390,000 | 1/31/2017 | 100.0% | 4/6/2017 | NAP | NAP | ||||||||
41 | Loan | 107 | Natixis | Natixis | Days Inn Raleigh Betline | 17.8% | 89,388 | 0 | 1,083,438 | 2.14 | 16.5% | 10,240,000 | 11/8/2016 | 64.3% | 49.7% | 75.0% | 12/31/2016 | 57.37 | 44.01 |
42 | Loan | 108, 109 | Natixis | Natixis | Shilo Inn Idaho Falls | 18.1% | 137,253 | 0 | 800,132 | 1.94 | 15.5% | 11,400,000 | 2/8/2017 | 45.4% | 36.1% | 47.5% | 10/31/2016 | 93.97 | 44.77 |
43 | Loan | 110, 111, 112, 113 | Natixis | Natixis | Comfort Inn Birch Run | 13.5% | 72,010 | 0 | 626,929 | 1.60 | 12.1% | 8,040,000 | 9/7/2016 | 64.3% | 49.6% | 56.0% | 12/31/2016 | 89.22 | 51.21 |
44 | Loan | 114, 115, 116 | CREFI | CREFI | Baillie MHC Portfolio | 11.0% | 15,250 | 0 | 532,810 | 1.61 | 10.7% | 7,580,000 | Various | 66.0% | 54.7% | 88.8% | Various | NAP | NAP |
44.01 | Property | Twin Wells MHC | 5,850 | 0 | 198,616 | 3,370,000 | 1/18/2017 | 91.5% | 12/31/2016 | NAP | NAP | ||||||||
44.02 | Property | Carey Estates | 3,900 | 0 | 156,166 | 2,080,000 | 1/23/2017 | 94.9% | 1/1/2017 | NAP | NAP | ||||||||
44.03 | Property | Colonial Estates | 5,500 | 0 | 178,027 | 2,130,000 | 1/23/2017 | 81.5% | 1/1/2017 | NAP | NAP | ||||||||
45 | Loan | 117, 118 | Natixis | Natixis | Best Western Vermont | 17.9% | 52,327 | 0 | 419,203 | 2.45 | 15.9% | 3,900,000 | 6/15/2016 | 67.6% | 56.0% | 56.2% | 1/31/2017 | 110.63 | 60.83 |
46 | Loan | CREFI | CREFI | Storage Center - Colorado Springs | 8.8% | 3,625 | 0 | 212,173 | 1.31 | 8.7% | 3,550,000 | 1/30/2017 | 69.0% | 60.1% | 87.7% | 2/7/2017 | NAP | NAP |
CGCMT 2017-P7 Annex A
Control Number | Loan / Property Flag | Footnotes | Mortgage Loan Seller | Originator | Property Name | Largest Tenant | Largest Tenant Sq Ft | Largest Tenant Lease Expiration (6) | Second Largest Tenant | Second Largest Tenant Sq Ft | Second Largest Tenant Lease Expiration (6) | Third Largest Tenant | Third Largest Tenant Sq Ft | Third Largest Tenant Lease Expiration (6) | Fourth Largest Tenant | Fourth Largest Tenant Sq Ft | Fourth Largest Tenant Lease Expiration (6) | Fifth Largest Tenant | Fifth Largest Tenant Sq Ft | Fifth Largest Tenant Lease Expiration (6) |
1 | Loan | 8, 9, 10, 11 | CREFI | CREFI, GSMC | Mack-Cali Short Hills Office Portfolio | |||||||||||||||
1.01 | Property | 51 JFK Parkway | KPMG | 66,606 | 3/31/2024 | Merrill Lynch | 33,363 | 10/31/2021 | Wells Fargo | 32,108 | 7/31/2024 | DLA Piper | 21,164 | 8/31/2024 | RGN Short Hills LLC | 20,395 | 8/31/2026 | |||
1.02 | Property | 101 JFK Parkway | Dun & Bradstreet | 69,280 | 3/31/2023 | Investors Bank | 56,360 | 11/30/2019 | Franklin Mutual Advisors | 30,202 | 9/30/2020 | Dentons US LLP | 18,950 | 10/31/2020 | Citibank | 15,279 | 7/31/2019 | |||
1.03 | Property | 103 JFK Parkway | Dun & Bradstreet | 123,001 | 3/31/2023 | NAP | NAP | NAP | NAP | |||||||||||
2 | Loan | 12, 13 | CREFI | CREFI | 50 Broadway | United Federation of Teachers | 93,942 | 8/31/2034 | Center for Employment Opportunities, Inc. | 25,807 | 7/31/2029 | Mental Health Association of NYC | 18,821 | 4/30/2021 | Regency International Business | 16,981 | 2/28/2026 | Center for Hearing and Communication | 15,029 | 12/31/2023 |
3 | Loan | 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25 | CREFI | CREFI, DBNY, BANA | Key Center Cleveland | KeyBank National Association | 477,781 | 6/30/2030 | Squire Patton Boggs | 150,890 | 4/30/2022 | Forest City | 147,795 | 3/31/2033 | Thompson Hine LLP | 125,120 | 9/30/2029 | Baker Hostetler LLP | 115,615 | 10/31/2031 |
4 | Loan | 25, 26, 27, 28, 29 | PCC | PCC | Scripps Center | E.W. Scripps Company | 83,159 | 1/31/2024 | Thompson Hine LLP | 53,066 | 12/31/2020 | Graydon Head & Ritchey | 38,508 | 6/30/2032 | Ernst & Young U.S. LLP | 32,638 | 8/31/2019 | Office Key | 23,939 | 12/31/2021 |
5 | Loan | 30 | PCC | PCC | Cascade Village | J.C. Penney Company | 51,257 | 11/30/2018 | Bend Food 4 Less | 37,226 | 5/31/2025 | Dicks Sporting Goods | 35,806 | 1/31/2025 | Best Buy Co, Inc | 30,443 | 3/31/2021 | Ross Stores Inc | 30,236 | 1/31/2021 |
6 | Loan | CGMRC | CGMRC | 19000 Homestead Road | Kaiser Foundation Hospitals | 100,352 | 2/19/2023 | NAP | NAP | NAP | NAP | |||||||||
7 | Loan | 31 | PCC | PCC | Veteran’s Plaza | Kaiser Foundation Hospitals | 62,500 | 12/31/2026 | NAP | NAP | NAP | NAP | ||||||||
8 | Loan | 32, 33 | Natixis | Natixis | Sterling Jewelers Corporate Headquarters I & II | Sterling Inc. | 271,675 | 01/31/2048 | NAP | NAP | NAP | NAP | ||||||||
9 | Loan | 25, 34, 35, 36, 37 | CGMRC | CGMRC | Hamilton Crossing | ADESA Corporation | 177,842 | 7/31/2019 | American Specialty Health Inc. | 82,001 | 12/31/2024 | Byrider Franchising, LLC | 70,320 | 2/29/2024 | Middle Star | 32,694 | 12/31/2023 | Baker Hill Solutions LLC | 29,989 | 7/31/2018 |
10 | Loan | 38, 39, 40, 41, 42, 43 | CGMRC | DBNY | 229 West 43rd Street Retail Condo | Bowlmor Times Square, LLC | 77,536 | 7/31/2034 | National Geographic | 59,137 | 10/31/2032 | Gulliver’s Gate | 49,000 | 1/31/2031 | Guitar Center Stores, Inc. | 28,119 | 1/31/2029 | Guy’s American Kitchen | 15,670 | 11/30/2032 |
11 | Loan | 44, 45 | PCC | PCC | Plaza de Hacienda | Smith’s Food & Drug dba Food 4 Less | 81,736 | 5/31/2022 | Ross Dress for Less | 25,198 | 1/31/2024 | Big 5 Sports | 15,000 | 1/31/2021 | Rent-A-Center | 4,565 | 6/30/2020 | Kaiser Foundation Health Plan Inc. | 4,000 | 6/30/2021 |
12 | Loan | 46, 47, 48, 49, 50, 51 | Natixis | Natixis | Greenwich Office Park | IBG LLC | 42,196 | 01/31/2019 | Orthopaedic & Neurological Surgery Specialists, P.C. | 31,305 | 07/31/2019 | Starwood Capital Operations, LLC | 28,764 | 2/28/2023 | Stark Office Suites of Greenwich LLC | 14,752 | 09/30/2024 | Performance Equity Management LLC | 12,988 | 03/31/2027 |
13 | Loan | 52, 53, 54, 55 | CGMRC | CGMRC, DBNY | 111 Livingston Street | NYS Office of Assistance | 121,545 | 5/31/2020 | The Legal Aid Society | 111,900 | 10/31/2037 | NYS Workers Comp | 50,225 | 1/31/2019 | City University of NY | 45,000 | 8/31/2017 | Brooklyn Law School | 41,000 | 1/31/2032 |
14 | Loan | 56, 57, 58, 59, 60, 61, 62 | CGMRC | Barclays Bank PLC, RMF, CGMRC | Atlanta and Anchorage Hotel Portfolio | |||||||||||||||
14.01 | Property | Hilton Anchorage | NAP | NAP | NAP | NAP | NAP | |||||||||||||
14.02 | Property | Renaissance Concourse Atlanta Airport Hotel | NAP | NAP | NAP | NAP | NAP | |||||||||||||
15 | Loan | 63, 64, 65, 66 | CGMRC | CGMRC | 901 Wilshire Boulevard | Providence Health | 21,636 | 4/30/2032 | NAP | NAP | NAP | NAP | ||||||||
16 | Loan | PCC | PCC | Goodlett Farms Business Campus | Regions Bank | 108,731 | 12/31/2021 | Hunter Fan Company | 58,944 | 11/30/2019 | Yusen Logistics | 39,946 | 10/31/2019 | Bioventus LLC | 39,880 | 8/31/2020 | Truck Pro, LLC | 38,808 | 6/30/2026 | |
17 | Loan | 67, 68 | Natixis | Natixis | Cahuenga West Office Building | Extreme Reach, Inc. | 25,327 | 03/31/2021 | EPS Cineworks, LLC | 23,597 | 2/28/2023 | Panasonic Broadcast & Television | 18,136 | 04/30/2020 | Abominable Pictures | 10,725 | 09/30/2019 | Joke Productions, Inc | 7,445 | 07/31/2020 |
18 | Loan | 69, 70, 71 | Natixis | Natixis | SAP Building | SAP Labs, LLC | 56,279 | 7/31/2022 | NAP | NAP | NAP | NAP | ||||||||
19 | Loan | 25, 72, 73, 74 | Natixis | Natixis | Urban Union - Amazon | Amazon Corporate LLC | 288,534 | 12/31/2032 | Restaurants Unlimited Inc dba Henry’s Tavern | 5,282 | 7/31/2027 | Sprout Good Greens, Inc. dba SPROUT | 1,977 | 7/31/2027 | NAP | NAP | ||||
20 | Loan | 75 | CGMRC | CGMRC | 1875-1925 Nostrand Avenue | Key Food | 8,520 | 5/31/2027 | 1881 Farm Market | 5,828 | 12/31/2026 | Fox Beauty Supply | 3,979 | 9/1/2020 | JS Nostrand Market | 3,801 | 5/31/2027 | Nostrand Meat Corp. | 3,370 | 3/31/2025 |
21 | Loan | 76 | Natixis | Natixis | QLIC | NAP | NAP | NAP | NAP | NAP | ||||||||||
22 | Loan | 77, 78, 79, 80, 81 | Natixis | Natixis | Broadway Portfolio | |||||||||||||||
22.01 | Property | 1214- 1216 Broadway | Grind-1216 Broadway LLC | 27,600 | 5/31/2028 | PRYM 1216, LLC | 6,000 | 4/1/2030 | Fantasia World Inc. | 4,000 | 6/1/2019 | LX Jewelry Inc | 1,744 | 2/28/2019 | Jewelry In Trend, LLC | 1,400 | 6/30/2019 | |||
22.02 | Property | 1204 Broadway | District Cowork Nomad LLC | 14,400 | 11/01/2019 | Pinky World Inc. | 4,500 | 9/1/2019 | Emily Hou | 1,500 | MTM | NAP | NAP | |||||||
22.03 | Property | 1212 Broadway | Viral Vinus Jewelry Inc DBA Earrings Plaza | 1,100 | 10/31/2019 | Roader Group USA Inc | 1,075 | 2/1/2019 | NAP | NAP | NAP | |||||||||
23 | Loan | 82 | CGMRC | CGMRC | The Tower at OPOP | Sauce on the Side | 3,910 | 7/14/2022 | NAP | NAP | NAP | NAP | ||||||||
24 | Loan | CREFI | CREFI | DeKalb Tech Center | Kaiser Foundation Health Plan | 67,721 | 12/31/2021 | Trane U.S., Inc. | 37,331 | 6/30/2021 | Tyco Integrated Security LLC | 17,030 | 7/31/2019 | Eric Ressler | 16,045 | 8/31/2022 | Simplex Grinnell LP | 15,953 | 10/31/2019 | |
25 | Loan | CGMRC | CGMRC | BJ’s Farmingdale | BJ’s Wholesale Club, Inc. | 108,532 | 4/30/2022 | NAP | NAP | NAP | NAP | |||||||||
26 | Loan | 83 | CREFI | CREFI | Walden Brook Apartments | NAP | NAP | NAP | NAP | NAP | ||||||||||
27 | Loan | 84, 85, 86, 87, 88 | Natixis | Natixis | Novo Nordisk | Novo Nordisk Inc. | 594,009 | 4/30/2031 | NAP | NAP | NAP | NAP | ||||||||
28 | Loan | 89 | CGMRC | CGMRC | East Park Tower | Friedrich, Klatt & Associates | 3,993 | 4/30/2022 | Fabianacarter | 1,700 | 12/31/2021 | New Rainbow Cleaner | 1,450 | 8/31/2020 | Edward Jones | 1,348 | 2/28/2019 | The Spot Light | 311 | 7/31/2019 |
29 | Loan | 90 | PCC | PCC | El Camino Shopping Center | Smart & Final | 15,600 | 1/31/2020 | Conoco Phillips (Ground Lease) | 13,800 | 12/31/2019 | O’Reilly Auto Parts | 8,910 | 8/31/2022 | Patel Brothers | 6,440 | 3/31/2019 | Skechers | 6,420 | 1/31/2025 |
30 | Loan | 91, 92 | CREFI | CREFI | Regul Walgreens Portfolio | |||||||||||||||
30.01 | Property | Walgreens Holland - MI | Walgreens | 14,820 | 10/31/2031 | NAP | NAP | NAP | NAP | |||||||||||
30.02 | Property | Walgreens Grandview - MO | Walgreens | 14,490 | 3/31/2031 | NAP | NAP | NAP | NAP | |||||||||||
30.03 | Property | Walgreens Memphis TN | Walgreens | 14,490 | 2/28/2029 | NAP | NAP | NAP | NAP | |||||||||||
31 | Loan | 93, 94 | Natixis | Natixis | Rentar Plaza | City of New York- DS/BOE | 516,115 | 02/09/2021 | Middle Village Associates, L.L.C. | 265,000 | 09/30/2024 | Raymours Furniture Company, Inc. | 174,000 | 03/31/2024 | Kmart Corporation | 146,821 | 01/31/2019 | City of New York- DOT | 120,000 | 09/30/2018 |
32 | Loan | 95, 96, 97 | CGMRC | CGMRC | Residence Inn Orlando East UCF | NAP | NAP | NAP | NAP | NAP | ||||||||||
33 | Loan | 98, 99 | CREFI | CREFI | Amsdell Cold Spring & Montgomery | |||||||||||||||
33.01 | Property | AA Self Storage | NAP | NAP | NAP | NAP | NAP | |||||||||||||
33.02 | Property | Mini Flex Storage - Troy Highway | NAP | NAP | NAP | NAP | NAP | |||||||||||||
33.03 | Property | Mini Flex Storage - Troy Annex | NAP | NAP | NAP | NAP | NAP | |||||||||||||
34 | Loan | Natixis | Natixis | Pacific Place | Thomas Ying DDS Inc. | 2,283 | 6/30/2021 | Mitra E. Simanian, DDS | 2,255 | 8/14/2019 | Executive Linguist Agency, Inc. | 2,076 | 12/31/2017 | Barney Hom, DDS | 1,978 | 12/31/2019 | Michael Ball, as an individual | 1,962 | 4/23/2020 | |
35 | Loan | 100, 101, 102 | CGMRC | CGMRC | Parts Consolidation Center | BLG Logistics Sublease/Toyota Boshoku Mississippi, LLC | 305,000 | 1/31/2021 | ARD Logistics Alabama | 299,000 | 5/31/2021 | NAP | NAP | NAP | ||||||
36 | Loan | PCC | PCC | 400 Manley | Specialty Commerce Corp | 127,523 | 2/28/2025 | iGPS | 86,877 | 7/31/2020 | NAP | NAP | NAP | |||||||
37 | Loan | 103 | Natixis | Natixis | Home Center Village | Pacific Buffet | 12,954 | 9/30/2024 | Monster Mini Golf | 12,600 | 3/31/2019 | Catch Air | 12,500 | 5/31/2027 | Dollar Tree | 12,400 | 1/31/2025 | Phantom Fireworks | 9,000 | 9/30/2021 |
38 | Loan | 104, 105 | Natixis | Natixis | West Lafayette Four Points | NAP | NAP | NAP | NAP | NAP | ||||||||||
39 | Loan | CGMRC | CGMRC | Mill Creek Self Storage | NAP | NAP | NAP | NAP | NAP | |||||||||||
40 | Loan | 106 | CREFI | CREFI | Walgreens - Minnesota and Louisiana | |||||||||||||||
40.01 | Property | Walgreens Moorhead - MN | Walgreens | 14,490 | 4/30/2031 | NAP | NAP | NAP | NAP | |||||||||||
40.02 | Property | Walgreens Thibodaux - LA | Walgreens | 14,820 | 6/30/2034 | NAP | NAP | NAP | NAP | |||||||||||
41 | Loan | 107 | Natixis | Natixis | Days Inn Raleigh Betline | NAP | NAP | NAP | NAP | NAP | ||||||||||
42 | Loan | 108, 109 | Natixis | Natixis | Shilo Inn Idaho Falls | NAP | NAP | NAP | NAP | NAP | ||||||||||
43 | Loan | 110, 111, 112, 113 | Natixis | Natixis | Comfort Inn Birch Run | NAP | NAP | NAP | NAP | NAP | ||||||||||
44 | Loan | 114, 115, 116 | CREFI | CREFI | Baillie MHC Portfolio | |||||||||||||||
44.01 | Property | Twin Wells MHC | NAP | NAP | NAP | NAP | NAP | |||||||||||||
44.02 | Property | Carey Estates | NAP | NAP | NAP | NAP | NAP | |||||||||||||
44.03 | Property | Colonial Estates | NAP | NAP | NAP | NAP | NAP | |||||||||||||
45 | Loan | 117, 118 | Natixis | Natixis | Best Western Vermont | NAP | NAP | NAP | NAP | NAP | ||||||||||
46 | Loan | CREFI | CREFI | Storage Center - Colorado Springs | NAP | NAP | NAP | NAP | NAP |
CGCMT 2017-P7 Annex A
Control Number | Loan / Property Flag | Footnotes | Mortgage Loan Seller | Originator | Property Name | Environmental Phase I Report Date | Environmental Phase II Y/N | Environmental Phase II Report Date | Engineering Report Date | Seismic Report Date | PML or SEL (%) | Earthquake Insurance Required Y/N | Upfront RE Tax Reserve ($) | Ongoing RE Tax Reserve ($) | Upfront Insurance Reserve ($) | Ongoing Insurance Reserve ($) | Upfront Replacement Reserve ($) | Ongoing Replacement Reserve ($) | Replacement Reserve Caps ($) |
1 | Loan | 8, 9, 10, 11 | CREFI | CREFI, GSMC | Mack-Cali Short Hills Office Portfolio | No | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
1.01 | Property | 51 JFK Parkway | 12/29/2016 | No | NAP | 12/19/2016 | NAP | NAP | No | ||||||||||
1.02 | Property | 101 JFK Parkway | 12/29/2016 | No | NAP | 12/19/2016 | NAP | NAP | No | ||||||||||
1.03 | Property | 103 JFK Parkway | 12/29/2016 | No | NAP | 12/19/2016 | NAP | NAP | No | ||||||||||
2 | Loan | 12, 13 | CREFI | CREFI | 50 Broadway | 2/10/2017 | No | NAP | 2/9/2017 | NAP | NAP | No | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
3 | Loan | 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25 | CREFI | CREFI, DBNY, BANA | Key Center Cleveland | 8/11/2016 | No | NAP | 8/3/2016 | NAP | NAP | No | 1,540,363 | 770,181 | 55,406 | 27,703 | 20,262,985 | 29,284 | 1,757,065 |
4 | Loan | 25, 26, 27, 28, 29 | PCC | PCC | Scripps Center | 12/16/2016 | No | NAP | 12/19/2016 | NAP | NAP | No | 392,500 | 196,250 | 93,351 | 9,736 | 1,300,000 | 0 | 324,000 |
5 | Loan | 30 | PCC | PCC | Cascade Village | 1/10/2017 | No | NAP | 1/10/2017 | NAP | NAP | No | 151,459 | 51,842 | 20,864 | 6,955 | 336,591 | 10,116 | 364,176 |
6 | Loan | CGMRC | CGMRC | 19000 Homestead Road | 11/11/2016 | No | NAP | 12/29/2016 | 12/22/2016 | 16% | No | 0 | 0 | 12,315 | 2,463 | 0 | 1,673 | 0 | |
7 | Loan | 31 | PCC | PCC | Veteran’s Plaza | 12/6/2016 | No | NAP | 12/13/2016 | 12/13/2016 | 12% | No | 79,230 | 16,324 | 27,143 | 7,054 | 2,083 | 1,042 | 25,000 |
8 | Loan | 32, 33 | Natixis | Natixis | Sterling Jewelers Corporate Headquarters I & II | 8/25/2016 | No | NAP | 8/30/2016 | NAP | NAP | No | 204,309 | 0 | 31,973 | 0 | 0 | 0 | 0 |
9 | Loan | 25, 34, 35, 36, 37 | CGMRC | CGMRC | Hamilton Crossing | Various | No | NAP | 12/1/2016 | NAP | NAP | No | 366,426 | 91,607 | 65,414 | 7,268 | 0 | 10,341 | 0 |
10 | Loan | 38, 39, 40, 41, 42, 43 | CGMRC | DBNY | 229 West 43rd Street Retail Condo | 9/15/2016 | Yes | 10/6/2016 | 9/15/2016 | NAP | NAP | No | 651,564 | 126,690 | 18,983 | 0 | 0 | 6,211 | 0 |
11 | Loan | 44, 45 | PCC | PCC | Plaza de Hacienda | 3/1/2017 | No | NAP | 3/1/2017 | 3/1/2017 | 9% | No | 34,218 | 34,218 | 3,987 | 1,993 | 0 | 3,475 | 125,115 |
12 | Loan | 46, 47, 48, 49, 50, 51 | Natixis | Natixis | Greenwich Office Park | 9/20/2016 | No | NAP | 9/20/2016 | NAP | NAP | No | 611,180 | 126,663 | 116,110 | 12,901 | 0 | 5,130 | 0 |
13 | Loan | 52, 53, 54, 55 | CGMRC | CGMRC, DBNY | 111 Livingston Street | 11/1/2016 | No | NAP | 11/1/2016 | NAP | NAP | No | 296,183 | 296,183 | 0 | 0 | 0 | 7,233 | 0 |
14 | Loan | 56, 57, 58, 59, 60, 61, 62 | CGMRC | Barclays Bank PLC, RMF, CGMRC | Atlanta and Anchorage Hotel Portfolio | No | 1,033,595 | 129,199 | 339,972 | 32,378 | 0 | 190,219 | 0 | ||||||
14.01 | Property | Hilton Anchorage | 1/3/2017 | No | NAP | 1/3/2017 | 1/4/2017 | 12% | No | ||||||||||
14.02 | Property | Renaissance Concourse Atlanta Airport Hotel | 1/3/2017 | No | NAP | 1/3/2017 | NAP | NAP | No | ||||||||||
15 | Loan | 63, 64, 65, 66 | CGMRC | CGMRC | 901 Wilshire Boulevard | 12/19/2016 | No | NAP | 12/19/2016 | 12/19/2016 | 16% | No | 65,285 | 16,321 | 10,740 | 5,370 | 0 | 361 | 0 |
16 | Loan | PCC | PCC | Goodlett Farms Business Campus | 12/30/2016 | No | NAP | 1/5/2017 | 1/23/2017 | 8% | No | 0 | 45,546 | 0 | 0 | 361,820 | 13,685 | 500,000 | |
17 | Loan | 67, 68 | Natixis | Natixis | Cahuenga West Office Building | 12/27/2016 | No | NAP | 12/27/2016 | 12/27/2016 | 13% | No | 0 | 45,172 | 35,706 | 3,246 | 0 | 1,625 | 0 |
18 | Loan | 69, 70, 71 | Natixis | Natixis | SAP Building | 1/23/2017 | No | NAP | 1/24/2017 | 1/24/2017 | 12% | No | 49,522 | 16,507 | 14,670 | 1,834 | 0 | 703 | 0 |
19 | Loan | 25, 72, 73, 74 | Natixis | Natixis | Urban Union - Amazon | 12/9/2016 | No | NAP | 12/12/2016 | 12/2/2016 | 9% | No | 247,344 | 61,836 | 54,438 | 6,805 | 0 | 0 | 0 |
20 | Loan | 75 | CGMRC | CGMRC | 1875-1925 Nostrand Avenue | 1/19/2017 | No | NAP | 1/19/2017 | NAP | NAP | No | 137,829 | 45,943 | 0 | 0 | 0 | 429 | 0 |
21 | Loan | 76 | Natixis | Natixis | QLIC | 9/12/2016 | No | NAP | 3/8/2017 | NAP | NAP | No | 9,870 | 9,870 | 0 | 0 | 0 | 7,017 | 0 |
22 | Loan | 77, 78, 79, 80, 81 | Natixis | Natixis | Broadway Portfolio | No | 400,000 | 102,322 | 22,738 | 4,548 | 0 | 865 | 0 | ||||||
22.01 | Property | 1214- 1216 Broadway | 9/6/2016 | No | NAP | 9/6/2016 | NAP | NAP | No | ||||||||||
22.02 | Property | 1204 Broadway | 9/6/2016 | No | NAP | 9/6/2016 | NAP | NAP | No | ||||||||||
22.03 | Property | 1212 Broadway | 9/6/2016 | No | NAP | 9/6/2016 | NAP | NAP | No | ||||||||||
23 | Loan | 82 | CGMRC | CGMRC | The Tower at OPOP | 1/27/2017 | No | NAP | 1/27/2017 | NAP | NAP | No | 39,967 | 9,992 | 0 | 0 | 0 | 2,716 | 0 |
24 | Loan | CREFI | CREFI | DeKalb Tech Center | 1/4/2017 | No | NAP | 1/4/2017 | NAP | NAP | No | 192,488 | 24,061 | 0 | 0 | 0 | 3,553 | 170,524 | |
25 | Loan | CGMRC | CGMRC | BJ’s Farmingdale | 10/7/2016 | No | NAP | 10/7/2016 | NAP | NAP | No | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
26 | Loan | 83 | CREFI | CREFI | Walden Brook Apartments | 12/19/2016 | Yes | 1/5/2017 | 12/19/2016 | NAP | NAP | No | 90,619 | 22,655 | 22,884 | 5,721 | 0 | 6,229 | 0 |
27 | Loan | 84, 85, 86, 87, 88 | Natixis | Natixis | Novo Nordisk | 8/18/2016 | No | NAP | 8/10/2016 | NAP | NAP | No | 931,323 | 465,662 | 39,186 | 19,593 | 0 | 3,656 | 0 |
28 | Loan | 89 | CGMRC | CGMRC | East Park Tower | 1/25/2017 | No | NAP | 1/24/2017 | NAP | NAP | No | 43,131 | 14,377 | 4,663 | 4,663 | 600,000 | 3,512 | 0 |
29 | Loan | 90 | PCC | PCC | El Camino Shopping Center | 12/22/2016 | No | NAP | 1/18/2017 | 1/18/2017 | 19% | No | 4,292 | 4,292 | 13,765 | 3,441 | 0 | 0 | 0 |
30 | Loan | 91, 92 | CREFI | CREFI | Regul Walgreens Portfolio | No | 0 | 0 | 0 | 195 | 0 | 0 | 0 | ||||||
30.01 | Property | Walgreens Holland - MI | 1/3/2017 | No | NAP | 1/3/2017 | NAP | NAP | No | ||||||||||
30.02 | Property | Walgreens Grandview - MO | 1/6/2017 | No | NAP | 1/6/2017 | NAP | NAP | No | ||||||||||
30.03 | Property | Walgreens Memphis TN | 12/28/2016 | No | NAP | 12/27/2016 | 12/28/2016 | 7% | No | ||||||||||
31 | Loan | 93, 94 | Natixis | Natixis | Rentar Plaza | 7/19/2016 | No | NAP | 6/19/2016 | NAP | NAP | No | 1,311,902 | 437,301 | 230,316 | 0 | 0 | 13,060 | 0 |
32 | Loan | 95, 96, 97 | CGMRC | CGMRC | Residence Inn Orlando East UCF | 10/18/2016 | No | NAP | 10/14/2016 | NAP | NAP | No | 43,690 | 10,922 | 36,958 | 3,696 | 0 | 3,102 | 0 |
33 | Loan | 98, 99 | CREFI | CREFI | Amsdell Cold Spring & Montgomery | No | 33,462 | 8,366 | 1,068 | 534 | 0 | 1,679 | 60,453 | ||||||
33.01 | Property | AA Self Storage | 1/31/2017 | No | NAP | 1/31/2017 | NAP | NAP | No | ||||||||||
33.02 | Property | Mini Flex Storage - Troy Highway | 1/10/2017 | No | NAP | 1/13/2017 | NAP | NAP | No | ||||||||||
33.03 | Property | Mini Flex Storage - Troy Annex | 1/10/2017 | No | NAP | 1/9/2017 | NAP | NAP | No | ||||||||||
34 | Loan | Natixis | Natixis | Pacific Place | 10/4/2016 | No | NAP | 10/6/2016 | 10/6/2016 | 12% | No | 88,163 | 14,988 | 14,817 | 1,852 | 0 | 509 | 0 | |
35 | Loan | 100, 101, 102 | CGMRC | CGMRC | Parts Consolidation Center | 9/23/2016 | No | NAP | 11/10/2016 | NAP | NAP | No | 61,965 | 12,393 | 0 | 0 | 0 | 5,033 | 0 |
36 | Loan | PCC | PCC | 400 Manley | 12/5/2016 | No | NAP | 12/12/2016 | NAP | NAP | No | 37,089 | 18,545 | 4,460 | 2,230 | 0 | 2,680 | 150,000 | |
37 | Loan | 103 | Natixis | Natixis | Home Center Village | 10/13/2016 | No | NAP | 10/19/2016 | NAP | NAP | No | 16,049 | 8,024 | 4,602 | 1,151 | 0 | 624 | 0 |
38 | Loan | 104, 105 | Natixis | Natixis | West Lafayette Four Points | 1/6/2017 | No | NAP | 1/10/2017 | NAP | NAP | No | 90,717 | 15,119 | 26,773 | 4,462 | 0 | 14,780 | 0 |
39 | Loan | CGMRC | CGMRC | Mill Creek Self Storage | 11/23/2016 | No | NAP | 11/23/2016 | NAP | NAP | No | 30,493 | 7,623 | 1,456 | 728 | 0 | 742 | 0 | |
40 | Loan | 106 | CREFI | CREFI | Walgreens - Minnesota and Louisiana | No | 0 | 0 | 0 | 0 | 0 | 244 | 8,793 | ||||||
40.01 | Property | Walgreens Moorhead - MN | 2/2/2017 | No | NAP | 2/1/2017 | NAP | NAP | No | ||||||||||
40.02 | Property | Walgreens Thibodaux - LA | 2/1/2017 | No | NAP | 2/1/2017 | NAP | NAP | No | ||||||||||
41 | Loan | 107 | Natixis | Natixis | Days Inn Raleigh Betline | 11/28/2016 | No | NAP | 11/29/2016 | NAP | NAP | No | 11,110 | 2,222 | 4,744 | 2,372 | 0 | 7,449 | 0 |
42 | Loan | 108, 109 | Natixis | Natixis | Shilo Inn Idaho Falls | 8/19/2016 | No | NAP | 8/23/2016 | NAP | NAP | No | 0 | 7,701 | 10,333 | 0 | 0 | 9,150 | 0 |
43 | Loan | 110, 111, 112, 113 | Natixis | Natixis | Comfort Inn Birch Run | 9/29/2016 | No | NAP | 10/3/2016 | NAP | NAP | No | 40,770 | 5,882 | 9,596 | 1,919 | 0 | 6,001 | 500,000 |
44 | Loan | 114, 115, 116 | CREFI | CREFI | Baillie MHC Portfolio | No | 20,613 | 5,153 | 16,124 | 1,792 | 0 | 1,271 | 0 | ||||||
44.01 | Property | Twin Wells MHC | 1/24/2017 | No | NAP | 1/23/2017 | NAP | NAP | No | ||||||||||
44.02 | Property | Carey Estates | 1/25/2017 | No | NAP | 1/24/2017 | NAP | NAP | No | ||||||||||
44.03 | Property | Colonial Estates | 1/25/2017 | No | NAP | 1/24/2017 | NAP | NAP | No | ||||||||||
45 | Loan | 117, 118 | Natixis | Natixis | Best Western Vermont | 6/27/2016 | No | NAP | 6/27/2016 | NAP | NAP | No | 42,917 | 4,292 | 5,632 | 2,816 | 0 | 4,361 | 0 |
46 | Loan | CREFI | CREFI | Storage Center - Colorado Springs | 2/3/2017 | No | NAP | 2/3/2017 | NAP | NAP | No | 2,096 | 1,048 | 785 | 392 | 0 | 302 | 0 |
CGCMT 2017-P7 Annex A
Control Number | Loan / Property Flag | Footnotes | Mortgage Loan Seller | Originator | Property Name | Upfront TI/LC Reserve ($) | Ongoing TI/LC Reserve ($) | TI/LC Caps ($) | Upfront Debt Service Reserve ($) | Ongoing Debt Service Reserve ($) | Upfront Deferred Maintenance Reserve ($) | Ongoing Deferred Maintenance Reserve ($) | Upfront Environmental Reserve ($) | Ongoing Environmental Reserve ($) | Upfront Other Reserve ($) | Ongoing Other Reserve ($) | Other Reserve Description |
1 | Loan | 8, 9, 10, 11 | CREFI | CREFI, GSMC | Mack-Cali Short Hills Office Portfolio | 0 | 0 | 0 | 0 | 0 | 13,405 | 0 | 0 | 0 | 4,360,517 | 0 | Unfunded Obligations Reserve ($3,520,668); D&B CAM Overcharge ($513,838); Garage Repair Capital Reserve ($326,011) |
1.01 | Property | 51 JFK Parkway | |||||||||||||||
1.02 | Property | 101 JFK Parkway | |||||||||||||||
1.03 | Property | 103 JFK Parkway | |||||||||||||||
2 | Loan | 12, 13 | CREFI | CREFI | 50 Broadway | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 739,726 | 0 | Leasing Reserve |
3 | Loan | 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25 | CREFI | CREFI, DBNY, BANA | Key Center Cleveland | 0 | 110,513 | 0 | 0 | 0 | 64,625 | 0 | 0 | 0 | 28,722,174 | 5,000 | New Lease TI/LC Reserve (Upfront: $18,461,400); Thompson Hine TI/LC Reserve (Upfront: $5,608,359); Marriott PIP Reserve (Upfront: $4,652,415); Ground Rent Reserve (Monthly: $5,000) |
4 | Loan | 25, 26, 27, 28, 29 | PCC | PCC | Scripps Center | 3,700,000 | 0 | 1,620,000 | 0 | 0 | 0 | 0 | 0 | 0 | 1,633,783 | 0 | Outstanding TI/LC: $1,292,241; Outstanding Free Rent: $341,542 |
5 | Loan | 30 | PCC | PCC | Cascade Village | 0 | 13,065 | 470,331 | 0 | 0 | 0 | 0 | 0 | 0 | 1,500,000 | 0 | J.C. Penney Escrow |
6 | Loan | CGMRC | CGMRC | 19000 Homestead Road | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
7 | Loan | 31 | PCC | PCC | Veteran’s Plaza | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 950,000 | 0 | Kaiser Lease Escrow |
8 | Loan | 32, 33 | Natixis | Natixis | Sterling Jewelers Corporate Headquarters I & II | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
9 | Loan | 25, 34, 35, 36, 37 | CGMRC | CGMRC | Hamilton Crossing | 500,000 | 49,243 | 2,000,000 | 0 | 0 | 147,785 | 0 | 0 | 0 | 2,305,224 | 0 | ADESA Reserve ($1,500,000); Unfunded Tenant Obligations Reserve ($805,224) |
10 | Loan | 38, 39, 40, 41, 42, 43 | CGMRC | DBNY | 229 West 43rd Street Retail Condo | 14,492,159 | 0 | 0 | 0 | 0 | 23,000 | 0 | 0 | 0 | 11,110,080 | 0 | Free Rent Reserve ($11,061,751); Bridge Rent ($48,329) |
11 | Loan | 44, 45 | PCC | PCC | Plaza de Hacienda | 0 | 9,601 | 500,000 | 0 | 0 | 55,880 | 0 | 0 | 0 | 0 | 0 | |
12 | Loan | 46, 47, 48, 49, 50, 51 | Natixis | Natixis | Greenwich Office Park | 0 | 47,483 | 2,848,958 | 0 | 0 | 342,500 | 0 | 0 | 0 | 392,788 | 0 | Ground Rent Reserve (Upfront: $17,699); Free Rent Reserve (Upfront: $375,089) |
13 | Loan | 52, 53, 54, 55 | CGMRC | CGMRC, DBNY | 111 Livingston Street | 0 | 36,167 | 2,000,000 | 0 | 0 | 11,625 | 0 | 0 | 0 | 36,445,472 | 0 | Economic Holdback Reserve ($29,490,000); Unfunded Obligations Reserve ($4,705,472); CUNY Reserve ($2,250,000) |
14 | Loan | 56, 57, 58, 59, 60, 61, 62 | CGMRC | Barclays Bank PLC, RMF, CGMRC | Atlanta and Anchorage Hotel Portfolio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,089,582 | 0 | Atlanta PIP Reserve ($2,500,000); Anchorage PIP Reserve ($2,500,000); Ground Rent Reserve ($89,582) |
14.01 | Property | Hilton Anchorage | |||||||||||||||
14.02 | Property | Renaissance Concourse Atlanta Airport Hotel | |||||||||||||||
15 | Loan | 63, 64, 65, 66 | CGMRC | CGMRC | 901 Wilshire Boulevard | 0 | 0 | 0 | 0 | 0 | 3,750 | 0 | 0 | 0 | 2,201,164 | 0 | Unfunded Obligations Reserve ($1,189,980); Free Rent Reserve ($1,011,184) |
16 | Loan | PCC | PCC | Goodlett Farms Business Campus | 0 | 22,808 | 650,000 | 0 | 0 | 40,469 | 0 | 0 | 0 | 236,082 | 0 | Truck Pro Rent Reserve | |
17 | Loan | 67, 68 | Natixis | Natixis | Cahuenga West Office Building | 450,000 | 12,830 | 461,894 | 0 | 0 | 21,250 | 0 | 0 | 0 | 0 | 0 | |
18 | Loan | 69, 70, 71 | Natixis | Natixis | SAP Building | 0 | 0 | 0 | 0 | 0 | 767,413 | 0 | 0 | 0 | 0 | 0 | |
19 | Loan | 25, 72, 73, 74 | Natixis | Natixis | Urban Union - Amazon | 7,955,593 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 100,144 | 0 | Retail Tenant Reserve |
20 | Loan | 75 | CGMRC | CGMRC | 1875-1925 Nostrand Avenue | 0 | 2,861 | 171,660 | 0 | 0 | 16,250 | 0 | 0 | 0 | 20,600 | 0 | Free Rent Reserve |
21 | Loan | 76 | Natixis | Natixis | QLIC | 0 | 0 | 0 | 2,100,000 | 0 | 8,023,541 | 0 | 0 | 0 | 0 | 0 | |
22 | Loan | 77, 78, 79, 80, 81 | Natixis | Natixis | Broadway Portfolio | 0 | 5,768 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,294,208 | 0 | Earnout Reserve ($5,000,000); Free Rent Reserve ($294,208) |
22.01 | Property | 1214- 1216 Broadway | |||||||||||||||
22.02 | Property | 1204 Broadway | |||||||||||||||
22.03 | Property | 1212 Broadway | |||||||||||||||
23 | Loan | 82 | CGMRC | CGMRC | The Tower at OPOP | 0 | 0 | 0 | 0 | 0 | 3,125 | 0 | 0 | 0 | 0 | 0 | |
24 | Loan | CREFI | CREFI | DeKalb Tech Center | 0 | 16,579 | 596,832 | 0 | 0 | 30,625 | 0 | 0 | 0 | 248,850 | 0 | Unfunded Leasing Costs Reserve | |
25 | Loan | CGMRC | CGMRC | BJ’s Farmingdale | 0 | 0 | 0 | 0 | 0 | 26,250 | 0 | 0 | 0 | 0 | 0 | ||
26 | Loan | 83 | CREFI | CREFI | Walden Brook Apartments | 0 | 0 | 0 | 98,569 | 0 | 0 | 0 | 89,700 | 0 | 700,000 | 0 | Debt Yield Reserve |
27 | Loan | 84, 85, 86, 87, 88 | Natixis | Natixis | Novo Nordisk | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
28 | Loan | 89 | CGMRC | CGMRC | East Park Tower | 0 | 734 | 0 | 0 | 0 | 30,469 | 0 | 0 | 0 | 0 | 0 | |
29 | Loan | 90 | PCC | PCC | El Camino Shopping Center | 0 | 0 | 0 | 0 | 0 | 35,600 | 0 | 0 | 0 | 236,608 | 0 | Seismic Retrofit Fund |
30 | Loan | 91, 92 | CREFI | CREFI | Regul Walgreens Portfolio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
30.01 | Property | Walgreens Holland - MI | |||||||||||||||
30.02 | Property | Walgreens Grandview - MO | |||||||||||||||
30.03 | Property | Walgreens Memphis TN | |||||||||||||||
31 | Loan | 93, 94 | Natixis | Natixis | Rentar Plaza | 0 | 32,650 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
32 | Loan | 95, 96, 97 | CGMRC | CGMRC | Residence Inn Orlando East UCF | 0 | 0 | 0 | 0 | 0 | 9,581 | 0 | 0 | 0 | 2,000,000 | 0 | PIP Reserve |
33 | Loan | 98, 99 | CREFI | CREFI | Amsdell Cold Spring & Montgomery | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 300,000 | 0 | Property Cost Holdback Reserve |
33.01 | Property | AA Self Storage | |||||||||||||||
33.02 | Property | Mini Flex Storage - Troy Highway | |||||||||||||||
33.03 | Property | Mini Flex Storage - Troy Annex | |||||||||||||||
34 | Loan | Natixis | Natixis | Pacific Place | 0 | 4,489 | 125,000 | 0 | 0 | 25,500 | 0 | 0 | 0 | 1,424 | 0 | Free Rent Reserve | |
35 | Loan | 100, 101, 102 | CGMRC | CGMRC | Parts Consolidation Center | 1,500,000 | 0 | 1,500,000 | 0 | 0 | 18,750 | 0 | 0 | 0 | 0 | 0 | |
36 | Loan | PCC | PCC | 400 Manley | 0 | 4,467 | 170,000 | 0 | 0 | 0 | 0 | 0 | 0 | 172,000 | 0 | Outstanding TI/LC Escrow | |
37 | Loan | 103 | Natixis | Natixis | Home Center Village | 261,876 | 0 | 261,876 | 0 | 0 | 2,813 | 0 | 0 | 0 | 312,500 | 291 | Catch Air Reserve (Upfront: $125,000); Parking Lot Repaving Reserve (Upfront: $187,500; Monthly: $291) |
38 | Loan | 104, 105 | Natixis | Natixis | West Lafayette Four Points | 0 | 0 | 0 | 0 | 0 | 6,250 | 0 | 0 | 0 | 1,568,703 | 0 | PIP Reserve |
39 | Loan | CGMRC | CGMRC | Mill Creek Self Storage | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
40 | Loan | 106 | CREFI | CREFI | Walgreens - Minnesota and Louisiana | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
40.01 | Property | Walgreens Moorhead - MN | |||||||||||||||
40.02 | Property | Walgreens Thibodaux - LA | |||||||||||||||
41 | Loan | 107 | Natixis | Natixis | Days Inn Raleigh Betline | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 167,200 | 0 | PIP Reserve |
42 | Loan | 108, 109 | Natixis | Natixis | Shilo Inn Idaho Falls | 0 | 0 | 0 | 0 | 0 | 2,475 | 0 | 0 | 0 | 210,000 | 0 | Seasonality Reserve |
43 | Loan | 110, 111, 112, 113 | Natixis | Natixis | Comfort Inn Birch Run | 0 | 0 | 0 | 0 | 0 | 8,750 | 0 | 0 | 0 | 198,818 | 7,818 | Seasonality Reserve (Upfront: $105,000), PIP Reserve (Upfront: $93,818; Monthly: $7,818) |
44 | Loan | 114, 115, 116 | CREFI | CREFI | Baillie MHC Portfolio | 0 | 0 | 0 | 0 | 0 | 35,394 | 0 | 0 | 0 | 0 | 0 | |
44.01 | Property | Twin Wells MHC | |||||||||||||||
44.02 | Property | Carey Estates | |||||||||||||||
44.03 | Property | Colonial Estates | |||||||||||||||
45 | Loan | 117, 118 | Natixis | Natixis | Best Western Vermont | 0 | 0 | 0 | 0 | 0 | 44,500 | 0 | 0 | 0 | 119,000 | 375 | Seasonality Reserve (Upfront: $114,000), Mortgage Impairment Policy Reserve (Upfront: $5,000; Monthly: $375) |
46 | Loan | CREFI | CREFI | Storage Center - Colorado Springs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
CGCMT 2017-P7 Annex A
Control Number | Loan / Property Flag | Footnotes | Mortgage Loan Seller | Originator | Property Name | Borrower Name | Delaware Statutory Trust? Y/N | Carve-out Guarantor | Loan Purpose | Loan Amount (sources) ($) | Principal’s New Cash Contribution (7) ($) | Subordinate Debt ($) | Other Sources ($) | Total Sources ($) | Loan Payoff ($) | Purchase Price ($) | Closing Costs ($) | Reserves ($) | Principal Equity Distribution ($) | Other Uses ($) |
1 | Loan | 8, 9, 10, 11 | CREFI | CREFI, GSMC | Mack-Cali Short Hills Office Portfolio | 51 JFK Unit L.L.C. and 101-103 JFK Realty L.L.C. | No | Mack-Cali Realty, L.P. | Acquisition | 124,500,000 | 124,031,334 | 0 | 5,813,695 | 254,345,029 | 0 | 245,000,000 | 4,971,107 | 4,373,922 | 0 | 0 |
1.01 | Property | 51 JFK Parkway | ||||||||||||||||||
1.02 | Property | 101 JFK Parkway | ||||||||||||||||||
1.03 | Property | 103 JFK Parkway | ||||||||||||||||||
2 | Loan | 12, 13 | CREFI | CREFI | 50 Broadway | 50 Broadway Realty Corp. | No | United Federation of Teachers, Local 2, American Federation of Teachers, AFL-CIO | Refinance | 62,000,000 | 0 | 0 | 0 | 62,000,000 | 43,030,479 | 0 | 2,355,072 | 739,726 | 15,874,723 | 0 |
3 | Loan | 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25 | CREFI | CREFI, DBNY, BANA | Key Center Cleveland | 127 PS Fee Owner LLC | No | Frank T. Sinito and Malisse J. Sinito | Acquisition | 220,000,000 | 60,845,008 | 42,500,000 | 6,389,372 | 329,734,380 | 0 | 267,500,000 | 11,588,828 | 50,645,552 | 0 | 0 |
4 | Loan | 25, 26, 27, 28, 29 | PCC | PCC | Scripps Center | 312 Walnut, LLC | No | Neal H. Mayerson | Refinance | 72,000,000 | 0 | 0 | 0 | 72,000,000 | 58,673,555 | 0 | 564,517 | 7,119,634 | 5,642,295 | 0 |
5 | Loan | 30 | PCC | PCC | Cascade Village | CVSC, LLC | No | James P. Knell; Theresa A. Knell and The James And Theresa Knell Family Trust, Dated May 20, 1997 | Refinance | 50,000,000 | 380,429 | 0 | 0 | 50,380,429 | 47,388,005 | 0 | 983,510 | 2,008,914 | 0 | 0 |
6 | Loan | CGMRC | CGMRC | 19000 Homestead Road | Firewish 19000, LLC and 19000 Homestead Associates, LLC | No | HGGP Capital VIII, LLC; HGGP Capital IX, LLC and HGGP Capital XI, LLC | Acquisition | 41,000,000 | 26,912,375 | 0 | 111,774 | 68,024,148 | 0 | 66,865,000 | 1,146,833 | 12,315 | 0 | 0 | |
7 | Loan | 31 | PCC | PCC | Veteran’s Plaza | Vet Plaza, LLC | No | Derek K. Hunter, Jr.; Edward D. Storm; The Hunter 1988 Revocable Trust U/A/D August 4, 1988, as amended and restated on November 9, 1995 and The Edward D. Storm 2001 Revocable Trust, dated February 15, 2001, as amended and restated on October 30, 2014 | Refinance | 40,000,000 | 0 | 0 | 0 | 40,000,000 | 40,000,000 | 0 | 0 | 0 | 0 | 0 |
8 | Loan | 32, 33 | Natixis | Natixis | Sterling Jewelers Corporate Headquarters I & II | SJHQ Main Associates, L.L.C. | No | Lenora J. Petrarca | Refinance | 38,500,000 | 0 | 0 | 0 | 38,500,000 | 36,249,277 | 0 | 334,674 | 236,282 | 1,679,767 | 0 |
9 | Loan | 25, 34, 35, 36, 37 | CGMRC | CGMRC | Hamilton Crossing | Hamilton Crossing Indianapolis Realty LP | No | Raymond Massa | Acquisition | 55,125,000 | 20,664,753 | 0 | 2,319,001 | 78,108,754 | 0 | 73,500,000 | 1,223,905 | 3,384,849 | 0 | 0 |
10 | Loan | 38, 39, 40, 41, 42, 43 | CGMRC | DBNY | 229 West 43rd Street Retail Condo | Elmwood NYT Owner, LLC; Oakwood NYT Owner, LLC; Wallkill NYT Owner, LLC and Landings NYT Owner, LLC | No | Jared Kushner | Refinance | 285,000,000 | 0 | 85,000,000 | 0 | 370,000,000 | 276,954,279 | 0 | 7,422,416 | 26,295,786 | 59,327,520 | 0 |
11 | Loan | 44, 45 | PCC | PCC | Plaza de Hacienda | Hacienda Plaza JPS, LLC; Hacienda Plaza Investors, LLC and Hacienda Plaza Princeton, LP | No | Kamyar Shabani and K. Joseph Shabani | Refinance | 29,750,000 | 0 | 0 | 0 | 29,750,000 | 27,000,000 | 0 | 618,692 | 94,085 | 2,037,223 | 0 |
12 | Loan | 46, 47, 48, 49, 50, 51 | Natixis | Natixis | Greenwich Office Park | Greenwich Park LLC | No | John J. Fareri | Acquisition | 87,500,000 | 34,808,906 | 10,000,000 | 0 | 132,308,906 | 0 | 130,000,000 | 846,328 | 1,462,578 | 0 | 0 |
13 | Loan | 52, 53, 54, 55 | CGMRC | CGMRC, DBNY | 111 Livingston Street | 111 Livingston LLC | No | Abraham Leser; Harry Gold; Robert Schachter and Edith Leser | Refinance | 120,000,000 | 0 | 0 | 125,000 | 120,125,000 | 80,506,976 | 0 | 2,800,863 | 36,753,280 | 63,881 | 0 |
14 | Loan | 56, 57, 58, 59, 60, 61, 62 | CGMRC | Barclays Bank PLC, RMF, CGMRC | Atlanta and Anchorage Hotel Portfolio | CP Anchorage Hotel 2, LLC; CP Hartsfield, LLC | No | Columbia Sussex Corporation and CSC Holdings, LLC | Refinance | 115,000,000 | 5,955,088 | 0 | 0 | 120,955,088 | 113,455,857 | 0 | 1,036,082 | 6,463,149 | 0 | 0 |
14.01 | Property | Hilton Anchorage | ||||||||||||||||||
14.02 | Property | Renaissance Concourse Atlanta Airport Hotel | ||||||||||||||||||
15 | Loan | 63, 64, 65, 66 | CGMRC | CGMRC | 901 Wilshire Boulevard | 901 Wilshire LLC | No | Andrew A. Brooks and Bradley Brooks | Refinance | 26,000,000 | 0 | 0 | 1,246,929 | 27,246,929 | 14,294,075 | 0 | 534,450 | 2,280,939 | 10,137,464 | 0 |
16 | Loan | PCC | PCC | Goodlett Farms Business Campus | JP-CB, LLC; JP-Goodlett, LLC | No | Liberty Bankers Life Insurance Company | Acquisition | 25,200,000 | 17,712,049 | 0 | 0 | 42,912,049 | 0 | 42,000,000 | 273,678 | 638,371 | 0 | 0 | |
17 | Loan | 67, 68 | Natixis | Natixis | Cahuenga West Office Building | Cahuenga Investment, LLC; Cahuenga Equity, LLC; Cahuenga Tower, LLC; Korehe, LLC; CAU001, LLC and CAU002, LLC | No | David Korehe; Parham Minoo; Shahram Ray Golbari and Jonathan Korehe | Acquisition | 24,700,000 | 12,741,910 | 0 | 0 | 37,441,910 | 0 | 35,996,799 | 938,155 | 506,956 | 0 | 0 |
18 | Loan | 69, 70, 71 | Natixis | Natixis | SAP Building | 3408 Hillview Owner LLC | No | James M. Pollock; Jeffrey O. Pollock; Guila C. Pollock; The James and Guila Pollock Trust and The Jeffrey O. Pollock Revocable Trust | Refinance | 24,130,276 | 0 | 5,869,724 | 0 | 30,000,000 | 18,205,472 | 0 | 665,041 | 831,604 | 10,297,883 | 0 |
19 | Loan | 25, 72, 73, 74 | Natixis | Natixis | Urban Union - Amazon | Urbansea Holding LLC | No | Aby Rosen; Michael Fuchs and David Edelstein | Acquisition | 62,231,428 | 55,702,479 | 166,367,944 | 0 | 284,301,851 | 0 | 268,940,438 | 7,003,894 | 8,357,519 | 0 | 0 |
20 | Loan | 75 | CGMRC | CGMRC | 1875-1925 Nostrand Avenue | Nostrand Retail Group LLC | No | Isaac Shalom | Refinance | 21,750,000 | 0 | 0 | 0 | 21,750,000 | 12,310,724 | 0 | 561,684 | 174,679 | 8,702,913 | 0 |
21 | Loan | 76 | Natixis | Natixis | QLIC | 24th Street LIC LLC | No | Lionshead Member LLC | Refinance | 145,000,000 | 0 | 20,000,000 | 0 | 165,000,000 | 100,842,207 | 0 | 2,492,037 | 10,133,411 | 51,532,344 | 0 |
22 | Loan | 77, 78, 79, 80, 81 | Natixis | Natixis | Broadway Portfolio | 1204 Broadway DE LLC; 1212 Broadway DE LLC and 1214-1216 Broadway DE LLC | No | Raizada S. Vaid | Refinance | 58,000,000 | 0 | 0 | 0 | 58,000,000 | 51,489,830 | 0 | 793,223 | 5,716,946 | 0 | 0 |
22.01 | Property | 1214- 1216 Broadway | ||||||||||||||||||
22.02 | Property | 1204 Broadway | ||||||||||||||||||
22.03 | Property | 1212 Broadway | ||||||||||||||||||
23 | Loan | 82 | CGMRC | CGMRC | The Tower at OPOP | Strategic STL Tower LLC | No | Shaul Kuperwasser and Yitzchok Klor | Acquisition | 20,000,000 | 7,947,733 | 0 | 110,480 | 28,058,213 | 0 | 27,000,000 | 1,015,121 | 43,092 | 0 | 0 |
24 | Loan | CREFI | CREFI | DeKalb Tech Center | DeKalb Holdings LLC | No | Stoltz Real Estate Fund IV, L.P. and SREF IV REIT Holdings, LLC | Refinance | 19,500,000 | 0 | 0 | 0 | 19,500,000 | 10,167,119 | 0 | 223,805 | 471,963 | 8,637,113 | 0 | |
25 | Loan | CGMRC | CGMRC | BJ’s Farmingdale | Daniel Land Co. LLC | No | Edward R. Blumenfeld | Refinance | 17,274,900 | 831,574 | 0 | 0 | 18,106,474 | 17,775,677 | 0 | 304,547 | 26,250 | 0 | 0 | |
26 | Loan | 83 | CREFI | CREFI | Walden Brook Apartments | Walden Brook Atlanta Apartments LP | No | Ronald Eisenberg | Refinance | 16,000,000 | 0 | 0 | 0 | 16,000,000 | 12,781,851 | 0 | 332,469 | 1,001,772 | 1,883,908 | 0 |
27 | Loan | 84, 85, 86, 87, 88 | Natixis | Natixis | Novo Nordisk | Princeton HD Owner LLC | No | NAP | Acquisition | 168,300,000 | 147,128,537 | 0 | 39,580,000 | 355,008,537 | 0 | 305,000,000 | 9,458,027 | 970,510 | 0 | 39,580,000 |
28 | Loan | 89 | CGMRC | CGMRC | East Park Tower | BFE East Park Tower Associates LLC | No | Ary Freilich | Acquisition | 14,850,000 | 9,032,530 | 0 | 716,011 | 24,598,541 | 0 | 23,500,000 | 420,279 | 678,262 | 0 | 0 |
29 | Loan | 90 | PCC | PCC | El Camino Shopping Center | El Camino Shopping Center, LLC | No | Michael H. Oliver | Refinance | 14,500,000 | 0 | 0 | 0 | 14,500,000 | 3,345,629 | 0 | 667,517 | 290,265 | 5,691,010 | 4,505,579 |
30 | Loan | 91, 92 | CREFI | CREFI | Regul Walgreens Portfolio | 780 Washington Developers Corp.; 13000 US Highway Developers Corp. and 1201 Getwell Road Developers, Corp. | No | Dmitrii Volkov | Acquisition | 12,776,000 | 6,433,224 | 0 | 79,585 | 19,288,809 | 0 | 18,928,641 | 360,168 | 0 | 0 | 0 |
30.01 | Property | Walgreens Holland - MI | ||||||||||||||||||
30.02 | Property | Walgreens Grandview - MO | ||||||||||||||||||
30.03 | Property | Walgreens Memphis TN | ||||||||||||||||||
31 | Loan | 93, 94 | Natixis | Natixis | Rentar Plaza | Vertical Industrial Park Associates, a Limited Partnership | No | Dennis Ratner and Felice Bassin | Refinance | 132,000,000 | 0 | 0 | 0 | 132,000,000 | 76,939,636 | 0 | 18,907,751 | 1,542,218 | 34,610,395 | 0 |
32 | Loan | 95, 96, 97 | CGMRC | CGMRC | Residence Inn Orlando East UCF | UCF II Associates, Limited Partnership | No | Ronald E. Franklin | Refinance/Recapitalization | 12,000,000 | 1,544,418 | 0 | 0 | 13,544,418 | 8,547,920 | 0 | 2,906,270 | 2,090,228 | 0 | 0 |
33 | Loan | 98, 99 | CREFI | CREFI | Amsdell Cold Spring & Montgomery | Amsdell Storage Ventures XLV, LLC and Amsdell Storage Ventures 54, LLC | No | Robert J. Amsdell and Barry L. Amsdell | Acquisition/Recapitalization | 11,600,000 | 4,269,540 | 0 | 59,286 | 15,928,825 | 0 | 15,350,000 | 244,296 | 334,530 | 0 | 0 |
33.01 | Property | AA Self Storage | ||||||||||||||||||
33.02 | Property | Mini Flex Storage - Troy Highway | ||||||||||||||||||
33.03 | Property | Mini Flex Storage - Troy Annex | ||||||||||||||||||
34 | Loan | Natixis | Natixis | Pacific Place | West Ridge Sepulveda Rentals, LLC | No | Gregory Geiser; Darin Puhl and David Wehrly | Refinance | 11,000,000 | 0 | 0 | 0 | 11,000,000 | 10,253,115 | 0 | 255,402 | 129,904 | 361,579 | 0 | |
35 | Loan | 100, 101, 102 | CGMRC | CGMRC | Parts Consolidation Center | Vance 1530 RCP 1 LLC | No | Thomas L. Brodie and David Rothschild | Acquisition | 22,750,000 | 14,579,361 | 0 | 70,000 | 37,399,361 | 0 | 35,000,000 | 818,646 | 1,580,715 | 0 | 0 |
36 | Loan | PCC | PCC | 400 Manley | GPG Manley LLC | No | Jon Goldberg | Acquisition | 10,000,000 | 3,646,839 | 0 | 0 | 13,646,839 | 0 | 13,100,000 | 333,290 | 213,549 | 0 | 0 | |
37 | Loan | 103 | Natixis | Natixis | Home Center Village | Chastain Meadows 2014, LLC | No | Jarred Elmar and Gabriella Carias Green | Refinance | 7,800,000 | 0 | 0 | 0 | 7,800,000 | 5,164,273 | 0 | 183,028 | 597,840 | 1,854,860 | 0 |
38 | Loan | 104, 105 | Natixis | Natixis | West Lafayette Four Points | Pandey Hotel West Lafayette, LLC | No | Prakash Pandey | Refinance | 7,250,000 | 655,975 | 0 | 0 | 7,905,975 | 6,018,082 | 0 | 195,450 | 1,692,443 | 0 | 0 |
39 | Loan | CGMRC | CGMRC | Mill Creek Self Storage | SSCP Mill Creek LLC | No | Jacob Ramage | Acquisition | 7,050,000 | 3,348,000 | 0 | 110,985 | 10,508,985 | 0 | 9,800,000 | 677,036 | 31,950 | 0 | 0 | |
40 | Loan | 106 | CREFI | CREFI | Walgreens - Minnesota and Louisiana | Thibmoor, LLC | No | Ruth J. Veprin and Sandra Y. Rough | Acquisition | 6,620,000 | 4,749,318 | 0 | 42,735 | 11,412,054 | 0 | 11,110,000 | 302,054 | 0 | 0 | 0 |
40.01 | Property | Walgreens Moorhead - MN | ||||||||||||||||||
40.02 | Property | Walgreens Thibodaux - LA | ||||||||||||||||||
41 | Loan | 107 | Natixis | Natixis | Days Inn Raleigh Betline | Tathata Inc. | No | Ramnikbhai S. Vaghani | Refinance | 6,600,000 | 0 | 0 | 0 | 6,600,000 | 2,753,199 | 0 | 154,126 | 183,054 | 3,509,621 | 0 |
42 | Loan | 108, 109 | Natixis | Natixis | Shilo Inn Idaho Falls | Shilo Inn, Idaho Falls, LLC | No | Mark S. Hemstreet | Refinance | 5,300,575 | 0 | 0 | 0 | 5,300,575 | 4,512,206 | 0 | 106,850 | 222,808 | 458,711 | 0 |
43 | Loan | 110, 111, 112, 113 | Natixis | Natixis | Comfort Inn Birch Run | Laxmi-G Birch Run, Inc. | No | Crumsan Nundkumar | Refinance | 5,200,000 | 0 | 0 | 0 | 5,200,000 | 988,562 | 0 | 102,332 | 257,934 | 3,851,171 | 0 |
44 | Loan | 114, 115, 116 | CREFI | CREFI | Baillie MHC Portfolio | Edwards Investments, Inc., Celine Development Inc., and Baillie Investments Inc. | No | Towson H. Baillie | Refinance | 5,000,000 | 0 | 0 | 0 | 5,000,000 | 3,305,776 | 0 | 238,193 | 72,131 | 1,383,900 | 0 |
44.01 | Property | Twin Wells MHC | ||||||||||||||||||
44.02 | Property | Carey Estates | ||||||||||||||||||
44.03 | Property | Colonial Estates | ||||||||||||||||||
45 | Loan | 117, 118 | Natixis | Natixis | Best Western Vermont | S.K.B.W.V Acquisition LLC | No | Sumeer Kakar and Sudhir Kakar | Acquisition | 2,660,000 | 1,442,295 | 0 | 0 | 4,102,295 | 0 | 3,800,000 | 90,246 | 212,049 | 0 | 0 |
46 | Loan | CREFI | CREFI | Storage Center - Colorado Springs | CLC CO Springs I SPE LLC and CLC CO Springs II SPE LLC | No | Richard Schontz and Alek Meshechok | Acquisition | 2,450,000 | 1,215,039 | 0 | 20,455 | 3,685,494 | 0 | 3,430,213 | 252,400 | 2,881 | 0 | 0 |
CGCMT 2017-P7 Annex A
Control Number | Loan / Property Flag | Footnotes | Mortgage Loan Seller | Originator | Property Name | Total Uses ($) | Lockbox | Cash Management | Cash Management Triggers | Ground Lease Y/N | Ground Lease Expiration Date | Annual Ground Lease Payment ($) | Cut-off Date Pari Passu Companion Loan Balance ($) | Cut-off Date Subordinate Companion Loan Balance ($) | Subordinate Companion Loan Interest Rate (%) | Cut-off Date Mezzanine Debt Balance ($) | Mezzanine Debt Interest Rate (%) | Terrorism Insurance Required Y/N | Control Number |
1 | Loan | 8, 9, 10, 11 | CREFI | CREFI, GSMC | Mack-Cali Short Hills Office Portfolio | 254,345,029 | Hard | Springing | (i) the occurrence of an Event of Default, (ii) Debt Yield is less than 8.25%, (iii) the occurrence of a Specified Tenant Trigger Period | 49,800,000.00 | Yes | 1 | |||||||
1.01 | Property | 51 JFK Parkway | No | Yes | 1.01 | ||||||||||||||
1.02 | Property | 101 JFK Parkway | No | Yes | 1.02 | ||||||||||||||
1.03 | Property | 103 JFK Parkway | No | Yes | 1.03 | ||||||||||||||
2 | Loan | 12, 13 | CREFI | CREFI | 50 Broadway | 62,000,000 | Hard | Springing | (i) the occurrence of an Event of Default, (ii) Debt Yield is less than 6.50%, (iii) the occurrence of a Specified Tenant Trigger Period, (iv) the Borrower failing to cause each of the Building Code Violations to be cured within 12 months of the closing date | No | Yes | 2 | |||||||
3 | Loan | 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25 | CREFI | CREFI, DBNY, BANA | Key Center Cleveland | 329,734,380 | Hard | In Place | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.05x from January 31, 2017 up to and including January 31, 2019 or 1.10x following January 31, 2019, (iii) the occurrence of a Specified Tenant Trigger Period, (iv) the occurrence of a Hotel Management Trigger Period | Yes | 12/31/2059 | 60,000 | 170,000,000.00 | 42,500,000 | 12.7500% | Yes | 3 | ||
4 | Loan | 25, 26, 27, 28, 29 | PCC | PCC | Scripps Center | 72,000,000 | Hard | Springing | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x, (iii) the occurrence of a E.W. Scripps Trigger Event or (iv) the occurrence of a Mezzanine Loan Default | No | 22,000,000.00 | Yes | 4 | ||||||
5 | Loan | 30 | PCC | PCC | Cascade Village | 50,380,429 | Hard | Springing | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.10x, (iii) the occurrence of a Major Tenant Trigger Event or (iv) the occurrence of a J.C. Penney Trigger Event. | No | Yes | 5 | |||||||
6 | Loan | CGMRC | CGMRC | 19000 Homestead Road | 68,024,148 | Hard | In Place | (i) the occurrence of an Event of Default, (ii) Debt Yield is less than 7.0%, (iii) the occurrence of a Specified Tenant Trigger Period | No | Yes | 6 | ||||||||
7 | Loan | 31 | PCC | PCC | Veteran’s Plaza | 40,000,000 | Springing | Springing | (i) the occurrence of an Event of Default, (ii) the occurrence of a Kaiser Cash Sweep Trigger Event | No | Yes | 7 | |||||||
8 | Loan | 32, 33 | Natixis | Natixis | Sterling Jewelers Corporate Headquarters I & II | 38,500,000 | Hard | Springing | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.10x at end of calendar quarter, (iii) the occurrence of a Primary Tenant Sweep Period, (vi) the occurrence of the ARD Trigger Event, (v) the occurrence of the Lobby Addition Trigger Event | No | Yes | 8 | |||||||
9 | Loan | 25, 34, 35, 36, 37 | CGMRC | CGMRC | Hamilton Crossing | 78,108,754 | Hard | Springing | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x, (iii) the occurrence of a Specified Tenant Trigger Period | No | 19,948,362.97 | Yes | 9 | ||||||
10 | Loan | 38, 39, 40, 41, 42, 43 | CGMRC | DBNY | 229 West 43rd Street Retail Condo | 370,000,000 | Hard | In Place | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.75x or Combined DSCR is less than 1.10x, (iii) the occurrence of a Mezzanine Loan Default, (iv) Lender’s receipt of a Mezzanine Loan Trigger Period Commencement Notice, (v) the occurrence of a Lease Sweep Period | No | 255,000,000.00 | 85,000,000 | 7.9200% | Yes | 10 | ||||
11 | Loan | 44, 45 | PCC | PCC | Plaza de Hacienda | 29,750,000 | Springing | Springing | (i) the occurrence of an Event of Default, (ii) Debt Yield is less than 6.75% or (iii) the occurrence of a Food 4 Less Trigger Event | No | Yes | 11 | |||||||
12 | Loan | 46, 47, 48, 49, 50, 51 | Natixis | Natixis | Greenwich Office Park | 132,308,906 | Hard | In Place | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.10x at end of calendar quarter, (iii) the occurrence of a Primary Tenant Sweep Period | Yes | Various | 212,385 | 58,000,000.00 | 10,000,000 | 9.0000% | Yes | 12 | ||
13 | Loan | 52, 53, 54, 55 | CGMRC | CGMRC, DBNY | 111 Livingston Street | 120,125,000 | Hard | In Place | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.30x, (iii) the occurrence of a Specified Tenant Trigger Period | No | 91,000,000.00 | Yes | 13 | ||||||
14 | Loan | 56, 57, 58, 59, 60, 61, 62 | CGMRC | Barclays Bank PLC, RMF, CGMRC | Atlanta and Anchorage Hotel Portfolio | 120,955,088 | Hard | Springing | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.30x, (iii) bankruptcy or insolvency of Borrower, Guarantor or Manager, (iv) the occurrence of the PIP Reserve Cash Management Trigger Event Date, (v) the occurrence of a Quality Assurance Trigger Event | 86,883,000.94 | Yes | 14 | |||||||
14.01 | Property | Hilton Anchorage | No | Yes | 14.01 | ||||||||||||||
14.02 | Property | Renaissance Concourse Atlanta Airport Hotel | Yes | 6/28/2078 | 148,248 | Yes | 14.02 | ||||||||||||
15 | Loan | 63, 64, 65, 66 | CGMRC | CGMRC | 901 Wilshire Boulevard | 27,246,929 | Hard | Springing | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x, (iii) the occurrence of a Specified Tenant Trigger Period | No | Yes | 15 | |||||||
16 | Loan | PCC | PCC | Goodlett Farms Business Campus | 42,912,049 | Springing | Springing | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x or (iii) the occurrence of a Regions Bank Escrow Event | No | Yes | 16 | ||||||||
17 | Loan | 67, 68 | Natixis | Natixis | Cahuenga West Office Building | 37,441,910 | Hard | In Place | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x at end of calendar quarter, (iii) the occurrence of a Primary Tenant Sweep Period | No | Yes | 17 | |||||||
18 | Loan | 69, 70, 71 | Natixis | Natixis | SAP Building | 30,000,000 | Hard | In Place | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x at end of calendar quarter, (iii) the occurrence of an SAP Cash Trap Trigger Event | Yes | 12/31/2037 | 0 | 5,795,276 | 9.1387% | Yes | 18 | |||
19 | Loan | 25, 72, 73, 74 | Natixis | Natixis | Urban Union - Amazon | 284,301,851 | Hard | In Place | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.05x at end of calendar quarter, (iii) the occurrence of a Primary Tenant Sweep Period | No | 38,231,428.00 | 86,975,933.00 | 4.2000% | 79,392,011 | 6.7500% | Yes | 19 | ||
20 | Loan | 75 | CGMRC | CGMRC | 1875-1925 Nostrand Avenue | 21,750,000 | Hard | Springing | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x, (iii) the occurrence of a Specified Tenant Trigger Period | No | Yes | 20 | |||||||
21 | Loan | 76 | Natixis | Natixis | QLIC | 165,000,000 | Commercial (Hard); Residential (Soft) | Springing | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.08x at end of calendar quarter | No | 125,000,000.00 | 20,000,000.00 | 6.2500% | Yes | 21 | ||||
22 | Loan | 77, 78, 79, 80, 81 | Natixis | Natixis | Broadway Portfolio | 58,000,000 | Hard | Springing | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.10x at end of calendar quarter, (iii) the occurrence of an Earnout Trigger Event | 38,000,000.00 | Yes | 22 | |||||||
22.01 | Property | 1214- 1216 Broadway | No | Yes | 22.01 | ||||||||||||||
22.02 | Property | 1204 Broadway | No | Yes | 22.02 | ||||||||||||||
22.03 | Property | 1212 Broadway | No | Yes | 22.03 | ||||||||||||||
23 | Loan | 82 | CGMRC | CGMRC | The Tower at OPOP | 28,058,213 | Springing | Springing | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.10x, (iii) the termination, cancellation or surrender of the Parking Lease without the prior written consent of Lender | No | Yes | 23 | |||||||
24 | Loan | CREFI | CREFI | DeKalb Tech Center | 19,500,000 | Hard | Springing | (i) the occurrence of an Event of Default; (ii) DSCR is less than 1.15x, (iii) the occurrence of any Bankruptcy Action of any Specified Tenant, (iv) the occurrence of any termination or cancellation of any Specified Tenant Lease (including, without limitation, rejection in any bankruptcy or similar insolvency proceeding) and/or any Specified Tenant Lease failing to otherwise be in full force and effect, (v) the occurrence of any default by any Specified Tenant under its Specified Tenant Lease beyond any applicable notice and cure periods, (vi) the occurrence of any Specified Tenant failing to be in actual, physical possession of the Specified Tenant Space (or applicable portion thereof), failing to be open to the public for business during customary hours and/or “going dark” in the Specified Tenant Space (or applicable portion thereof); (vii) the occurrence of any Specified Tenant giving notice that it is terminating its Lease for all or any portion of the Specified Tenant Space or (viii) the occurrence of any Specified Tenant failing to extend or renew the applicable Specified Tenant Lease on or prior the applicable Specified Tenant Extension Deadline in accordance with the applicable terms and conditions thereof and hereof for a minimum renewal term of five (5) years. | No | Yes | 24 | ||||||||
25 | Loan | CGMRC | CGMRC | BJ’s Farmingdale | 18,106,474 | Hard | Springing | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x, (iii) the occurrence of a Specified Tenant Trigger Period | No | Yes | 25 | ||||||||
26 | Loan | 83 | CREFI | CREFI | Walden Brook Apartments | 16,000,000 | Springing | Springing | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x | No | Yes | 26 | |||||||
27 | Loan | 84, 85, 86, 87, 88 | Natixis | Natixis | Novo Nordisk | 355,008,537 | Hard | In Place | (i) the occurrence of an Event of Default, (ii) the occurrence of a Novo Cash Sweep Trigger Event, (iii) DSCR is less than 1.15x at end of calendar quarter, (iv) the failure by Borrower to repay the Loan in full at least one month prior to the Anticipated Repayment Date | No | 153,300,000.00 | Yes | 27 | ||||||
28 | Loan | 89 | CGMRC | CGMRC | East Park Tower | 24,598,541 | Springing | Springing | (i) the occurrence of an Event of Default | No | Yes | 28 | |||||||
29 | Loan | 90 | PCC | PCC | El Camino Shopping Center | 14,500,000 | Springing | Springing | (i) the occurrence of a Event of Default or (ii) failure to deliver evidence of completed Seismic Retrofit within 18 months from closing date | No | Yes | 29 | |||||||
30 | Loan | 91, 92 | CREFI | CREFI | Regul Walgreens Portfolio | 19,288,809 | Springing | Springing | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x, (iii) the occurrence of a Specified Tenant Trigger Period, (iv) the existence of a Limited Trigger Event | Yes | 30 | ||||||||
30.01 | Property | Walgreens Holland - MI | No | Yes | 30.01 | ||||||||||||||
30.02 | Property | Walgreens Grandview - MO | No | Yes | 30.02 | ||||||||||||||
30.03 | Property | Walgreens Memphis TN | No | Yes | 30.03 | ||||||||||||||
31 | Loan | 93, 94 | Natixis | Natixis | Rentar Plaza | 132,000,000 | Hard | Springing | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.10x at end of calendar quarter | No | 120,000,000.00 | Yes | 31 | ||||||
32 | Loan | 95, 96, 97 | CGMRC | CGMRC | Residence Inn Orlando East UCF | 13,544,418 | Hard | Springing | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x, (iii) the occurrence of a Franchise Agreement Trigger Period, (iv) the occurrence of a Franchise Renewal Trigger Event, (v) the occurrence of a Manager taking any Material Action | No | Yes | 32 | |||||||
33 | Loan | 98, 99 | CREFI | CREFI | Amsdell Cold Spring & Montgomery | 15,928,825 | Springing | Springing | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x | Yes | 33 | ||||||||
33.01 | Property | AA Self Storage | No | Yes | 33.01 | ||||||||||||||
33.02 | Property | Mini Flex Storage - Troy Highway | No | Yes | 33.02 | ||||||||||||||
33.03 | Property | Mini Flex Storage - Troy Annex | No | Yes | 33.03 | ||||||||||||||
34 | Loan | Natixis | Natixis | Pacific Place | 11,000,000 | Hard | Springing | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.10x at end of calendar quarter | No | Yes | 34 | ||||||||
35 | Loan | 100, 101, 102 | CGMRC | CGMRC | Parts Consolidation Center | 37,399,361 | Hard | Springing | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x, (iii) the occurrence of a Specified Tenant Trigger Period | No | 12,750,000.00 | Yes | 35 | ||||||
36 | Loan | PCC | PCC | 400 Manley | 13,646,839 | Springing | Springing | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x or (iii) the occurrence of a Designated Tenant Trigger Event | No | Yes | 36 | ||||||||
37 | Loan | 103 | Natixis | Natixis | Home Center Village | 7,800,000 | Springing | Springing | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.10x at end of calendar quarter, (iii) the occurrence of a Primary Tenant Sweep Period | No | Yes | 37 | |||||||
38 | Loan | 104, 105 | Natixis | Natixis | West Lafayette Four Points | 7,905,975 | Hard | In Place | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.25x at end of calendar quarter, (iii) the date hereof until such time as the Required Capital Improvements have been completed | No | Yes | 38 | |||||||
39 | Loan | CGMRC | CGMRC | Mill Creek Self Storage | 10,508,985 | Springing | Springing | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x | No | Yes | 39 | ||||||||
40 | Loan | 106 | CREFI | CREFI | Walgreens - Minnesota and Louisiana | 11,412,054 | Springing | Springing | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.40x, (iii) the occurrence of a Specified Tenant Trigger Period | Yes | 40 | ||||||||
40.01 | Property | Walgreens Moorhead - MN | No | Yes | 40.01 | ||||||||||||||
40.02 | Property | Walgreens Thibodaux - LA | No | Yes | 40.02 | ||||||||||||||
41 | Loan | 107 | Natixis | Natixis | Days Inn Raleigh Betline | 6,600,000 | Springing | Springing | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x at end of calendar quarter | No | Yes | 41 | |||||||
42 | Loan | 108, 109 | Natixis | Natixis | Shilo Inn Idaho Falls | 5,300,575 | Hard | Springing | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x at end of calendar quarter | No | Yes | 42 | |||||||
43 | Loan | 110, 111, 112, 113 | Natixis | Natixis | Comfort Inn Birch Run | 5,200,000 | Springing | Springing | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.10x at end of calendar quarter, (iii) the occurrence of a Franchise Expiration Trigger Event | No | Yes | 43 | |||||||
44 | Loan | 114, 115, 116 | CREFI | CREFI | Baillie MHC Portfolio | 5,000,000 | Springing | Springing | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x | Yes | 44 | ||||||||
44.01 | Property | Twin Wells MHC | No | Yes | 44.01 | ||||||||||||||
44.02 | Property | Carey Estates | No | Yes | 44.02 | ||||||||||||||
44.03 | Property | Colonial Estates | No | Yes | 44.03 | ||||||||||||||
45 | Loan | 117, 118 | Natixis | Natixis | Best Western Vermont | 4,102,295 | Hard | Springing | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x at end of calendar quarter, (iii) the occurrence of a Franchise Expiration Trigger Event | No | Yes | 45 | |||||||
46 | Loan | CREFI | CREFI | Storage Center - Colorado Springs | 3,685,494 | Springing | Springing | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x | No | Yes | 46 |
Footnotes to Annex A | |
(1) | The Administrative Fee Rate includes the Servicing Fee Rate, the Operating Advisor Fee Rate, the Trustee/Certificate Administrator Fee Rate and the CREFC® Intellectual Property Royalty License Fee Rate applicable to each Mortgage Loan. |
(2) | The monthly debt service shown for Mortgage Loans with a partial interest-only period reflects the amount payable after the expiration of the interest-only period. |
(3) | The open period is inclusive of the Maturity Date / ARD |
(4) | Underwritten NCF DSCR is calculated based on amortizing debt service payments (except for interest-only loans). |
(5) | Occupancy reflects tenants that have signed leases, but are not yet in occupancy or may not be paying rent. |
(6) | The lease expirations shown are based on full lease terms; however, in some instances, the tenant may have the option to terminate its lease prior to the expiration date shown, either unilaterally or based on a trigger event. In addition, in some instances, a tenant may have the right to assign its lease or sublease the leased premises and be released from its obligations under the lease. For more information on material lease expirations, termination options and other issues affecting certain single tenants, the five largest tenants or other major tenants at the Mortgaged Properties securing the fifteen largest Mortgage Loans, see “Description of the Mortgage Pool—Tenant Issues” in the Preliminary Prospectus. |
(7) | If the purpose of the Mortgage Loan was to finance an acquisition of the Mortgaged Property, the field “Principal’s New Cash Contribution” reflects the cash investment by one or more of the equity owners in the borrower in connection with such acquisition. If the purpose of the Mortgage Loan was to refinance the Mortgaged Property, the field “Principal’s New Cash Contribution” reflects the cash contributed to the borrower by one or more of the equity owners at the time the Mortgage Loan was originated. |
(8) | Beginning with the monthly payment date in May 2019, the borrower may release from the lien of the mortgage (x) the 51 JFK Parkway Property or (y) both the 101 JFK Parkway Property and 103 JFK Parkway Property through a partial defeasance provided that certain conditions under the loan documents are satisfied, including, among other requirements: (a) the 51 JFK Parkway Property cannot be released prior to the renewal of Dun & Bradstreet’s lease for an additional term that expires no less than five years after the Maturity Date, (b) the borrower defeases the loan in an amount equal to 115% of the allocated loan amount for the applicable property(ies) being released, (c) delivery of a REMIC opinion and rating agency confirmation, (d) a debt yield of greater than the greater of (i) the debt yield of the Mack-Cali Short Hills Office Portfolio Properties immediately prior to such release and (ii) 13.5%; (e) a debt service coverage ratio of greater than the greater of (i) the debt service coverage ratio of the Mack-Cali Short Hills Office Portfolio Properties immediately prior to such release and (ii) 3.39x; (f) a maximum loan to value ratio of no greater than the lesser of (i) the loan to value ratio that existed prior to such release and (ii) 45.1%; and (g) all legal requirements are satisfied for the remaining properties. |
(9) | The Cut-off Date Balance ($) of $74,700,000 represents the controlling note A-1 and non-controlling note A-2 of a $124,500,000 Loan Combination evidenced by four pari passu notes. The non-controlling notes A-3 and A-4 have an outstanding principal balance as of the Cut-off Date of $49,800,000, are currently held by Goldman Sachs Mortgage Company, and are expected to be contributed to one or more future securitization transactions. Cut-off Date LTV Ratio (%), LTV Ratio at Maturity / ARD (%), Underwritten NCF DSCR (x), Debt Yield on Underwritten Net Operating Income (%), Debt Yield on Underwritten Net Cash Flow (%) and Loan Per Unit ($) calculations are based on the Loan Combination Cut-off Date Balance of $124,500,000. |
(10) | The lockout period will be at least 24 payment dates beginning with and including the first payment date of May 1, 2017. For the purposes of this Preliminary Prospectus, the assumed lockout period of 24 months is based on the expected CGCMT 2017-P7 securitization closing date in April 2017. The actual lockout period may be longer. |
(11) | Mack-Cali Realty, L.P. is the Carve-out Guarantor for the environmental indemnity only. |
(12) | Historical cash flows for the years 2013, 2014 and 2015 are based on a fiscal year end of July 31 for each respective year. |
(13) | United Federation of Teachers, the Largest Tenant at the Mortgaged Property, occupying 93,942 SF with a lease that expires on August 31, 2034, is an affiliate of the sponsor. |
Footnotes to Annex A
(14) | The Mortgaged Property consists of a 1,369,980 SF office building which was 92.9% occupied as of October 19, 2016, a 400-room full service hotel which was 66.2% occupied for the trailing 12-month period ending December 31, 2016 and a 985-space, 319,590 SF parking garage. |
(15) | Other Sources ($) include $5,608,359 transferred to the borrower sponsor from the seller at loan origination which was related to outstanding tenant improvements for the Fourth Largest Tenant, Thompson Hine LLP. |
(16) | The Third Largest Tenant, Forest City, has executed a lease for 147,795 SF resulting in an increase to the underwritten base rent of $3,990,465 and the Millennia tenant has executed a lease for 45,360 SF resulting in an increase to the underwritten base rent of $1,247,400. Both the Forest City and Millennia tenants are not yet in occupancy and have rent commencement dates of no later than April 1, 2018 and July 1, 2017, respectively. The tenant improvement costs, leasing commission costs, and gap rent associated with these tenants were escrowed at loan origination. |
(17) | The Mortgaged Property’s Appraised Value ($) represents the combined “as complete” appraised value as of December 1, 2017, which assumes all planned capital improvements will be completed. The Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) are calculated based upon the Mortgaged Property’s Appraised Value ($) of $362,000,000. The Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) based on the combined “as-is” appraised value of $304,100,000 are 72.3% and 59.0%, respectively. |
(18) | The Cut-off Date Balance ($) of $50,000,000 represents the controlling note A-1 of a $220,000,000 Loan Combination, which is evidenced by six pari passu notes. The companion loans are evidenced by (i) the non-controlling notes A-2 and A-5 with an aggregate outstanding principal balance as of the Cut-off Date of $80,000,000 which are currently held by Bank of America, N.A. and are expected to be contributed to one or more future securitization transactions, (ii) the non-controlling notes A-3 and A-6 with an aggregate outstanding principal balance as of the Cut-off Date of $60,000,000 which are currently held by Deutsche Bank AG, New York Branch and are expected to be contributed to the JPMDB 2017-C5 securitization transaction and (iii) the non-controlling note A-4 with an outstanding principal balance as of the Cut-off Date of $30,000,000 which is currently held by Citi Real Estate Funding Inc. and is expected to be contributed to one or more future securitization transactions. Cut-off Date LTV Ratio (%), LTV Ratio at Maturity / ARD (%), Underwritten NCF DSCR (x), Debt Yield on Underwritten Net Operating Income (%), Debt Yield on Underwritten Net Cash Flow (%) and Loan Per Unit ($) calculations are based on the Loan Combination Cut-off Date Balance of $220,000,000. |
(19) | The borrower is required to fund a monthly FF&E reserve unless (a) Marriott Corporation or an affiliate thereof is the hotel manager, (b) the borrower is required to reserve with the hotel manager an amount not less than the FF&E payment required under the Mortgage Loan documents, and (c) no event of default is continuing. |
(20) | The City of Cleveland, Ohio owns the land beneath the parking lot and leases it to the borrower sponsor through 2059 with one 34-year extension through 2093. The parking ground lease requires that at least 45.0% of the parking spaces be reserved for transient parking and hotel guests and the remainder of the parking spaces may be leased on a monthly basis. Minimum base rent paid to the city under the parking ground lease is $60,000 per year provided that if the revenue exceeds certain breakpoints (based on the percentage of parking space leased on a monthly basis), percentage rent will also be payable. SP Plus Corporation manages the Mortgaged Property’s parking garage component for a 3.0% fee of net revenue. The term of the parking management agreement is month-to-month with automatic renewals. |
(21) | Beginning on the first monthly payment date, the new lease letter of credit may be reduced to an amount calculated as the product of (i) with respect to the new lease letter of credit delivered to lender in connection with the Forest City lease (a) $332,539 and (b) the number of full calendar months from the closing date to the date of calculation and excluding any calendar month for which a new lease letter of credit trigger event was in effect for all or any portion of such month and (ii) with respect to the new lease letter of credit delivered to lender in connection with the Millennia lease (a) $103,950 and (b) the number of full calendar months from the closing date to the date of calculation and excluding any calendar month for which a new lease letter of credit trigger event was in effect for all or any portion of such month. |
Footnotes to Annex A
(22) | The Replacement Reserve Caps ($) of $1,757,065 excludes the Upfront Replacement Reserve ($) deposit. The Upfront Replacement Reserve ($) of $20,262,985 is for performing planned capital improvements at the Mortgaged Property. $1,991,429 of the $20,262,985 of the Upfront Replacement Reserve ($) is currently held in an FF&E account with Marriott Hotel Services, Inc. (“Marriott”) as the hotel manager for hospitality portion of the Mortgaged Property. Upon completion of the planned capital improvements, any remaining funds excluding the $1,991,429 currently held by Marriott, may be (i) credited against the obligation of the borrower to make Ongoing Replacement Reserve ($) deposits or (ii) at the option of the borrower, either (a) retained in the replacement reserve account to be applied to the cost of future replacements (in which case these remaining funds would then be included for calculation of the Replacement Reserve Caps ($) amount), (b) transferred to the FF&E reserve account to be applied toward the cost of FF&E or (c) transferred to the PIP reserve account. |
(23) | The office portion of the Mortgaged Property is managed by Millennia Housing Management, Ltd. and sub-managed by Jacobs Real Estate Services LLC, the hotel portion of the Mortgaged Property is managed by Marriott Hotel Services, Inc. and the parking garage portion of the Mortgaged Property is managed by SP Plus Corporation. |
(24) | The Occupancy (%) for the office portion of the Mortgaged Property is 92.9% as of the rent roll dated October 19, 2016 which includes the tenants Forest City and Millennia, which have not yet taken occupancy and (ii) 66.2% occupied for the Marriott Cleveland Downtown for TTM December 31, 2016. |
(25) | The lockout period will be at least 26 payment dates beginning with and including the first payment date of March 6, 2017. For the purposes of this Preliminary Prospectus, the assumed lockout period of 26 months is based on the expected CGCMT 2017-P7 securitization closing date in April 2017. The actual lockout period may be longer. |
(26) | On the origination date, the borrower deposited $3,700,000 in the Upfront TI/LC Reserve ($) for TI/LC expenses associated with future leasing. The borrower is not required to make an Ongoing TI/LC Reserve ($) deposit unless the TI/LC reserve account balance falls below the TI/LC Caps ($) of $1,620,000, after which, on each monthly payment date, the borrower must make an Ongoing TI/LC Reserve ($) deposit equal to $45,000 until the TI/LC reserve equals or exceeds the TI/LC Caps ($) (which cap is subject to an increase to $2,600,000 during the continuance of certain trigger events related to the tenant E.W. Scripps Company). |
(27) | On the origination date, the borrower also deposited $1,300,000 in the Upfront Replacement Reserve ($) for future capital improvements. The borrower is not required to make an Ongoing Replacement Reserve ($) deposit unless the replacement reserve account balance falls below the Replacement Reserve Caps ($) of $324,000, after which, on each monthly payment date, the borrower must make an Ongoing Replacement Reserve ($) deposit equal to $9,000 until the replacement reserve equals or exceeds the Replacement Reserve Caps ($). Provided no event of default exists and the balance of the replacement reserve exceeds the Replacement Reserve Caps ($), the borrower has the right to transfer funds in excess of the Replacement Reserve Caps ($) to the TI/LC reserve (but not vice versa). |
(28) | The Cut-off Date Balance ($) of $50,000,000 represents note A-1 of a $72,000,000 Loan Combination evidenced by two pari passu notes. Note A-1 is the controlling note. The companion loan consists of the non-controlling note A-2, has an outstanding principal balance of $22,000,000 as of the Cut-Off Date and is expected to be contributed to one or more future commercial mortgage securitization transactions. Cut-off Date LTV Ratio (%), LTV Ratio at Maturity / ARD (%), Underwritten NCF DSCR (x), Debt Yield on Underwritten Net Operating Income (%), Debt Yield on Underwritten Net Cash Flow (%) and Loan Per Unit ($) calculations are based on the aggregate Cut-off Date principal balance of the Loan Combination of $72,000,000. |
(29) | The E.W. Scripps Company lease includes 9,044 SF of buy-out space (the “Scripps Buy-Out Space”) on the 26th floor and 74,115 SF of standard office space (the “Scripps Standard Office Space”) on the 26th through 29th floors. The Scripps Buy-Out Space was surrendered by E.W. Scripps Company in 2013; however, E.W. Scripps Company continued to occupy the Scripps Buy-Out Space at a lower rent. E.W. Scripps Company currently pays $6.80 per SF for the Scripps Buy-Out Space and $14.51 per SF for the Scripps Standard Office Space. E.W. Scripps Company must give notice by June 30, 2017 if E.W. Scripps Company wants to reincorporate the Scripps Buy-Out Space into the standard office lease and if elected, the rent is required to be the same per SF as that of the Scripps Standard Office Space, subject to certain free rent periods and offsets, and the term will expire concurrently with the Scripps Standard Office Space on January 31, 2024. E.W. Scripps Company is currently utilizing all of the Scripps Buy-Out Space. If E.W. Scripps Company does not elect to reincorporate the Scripps Buy-Out Space, its lease of the Scripps Buy-Out Space will terminate on January 1, 2018. |
Footnotes to Annex A
(30) | J.C. Penney Company (“JCP”) occupies 51,257 SF (13.9% of the NRA and 4.9% of the underwritten base rent) at the Mortgaged Property. On February 24, 2017, JCP announced that it expects to close two distribution facilities and approximately 130 to 140 JC Penney department stores over the following months. Although the JC Penney store at the Cascade Village was not identified as one of the stores planned for closure, we cannot assure you that such store will not be closed as a result of JC Penney’s store closure announcement or otherwise. |
(31) | The Mortgage Loan refinanced a loan (the “Prior Mortgage Loan”) in the amount of $40,000,000 originally made by Macquarie Investments US Inc. to the borrower on December 21, 2016. The Prior Mortgage Loan was used to pay off existing debt comprised of a $29,650,246 mortgage originated by JP Morgan Chase & Co. (JPMCC 2006-CB15) pay defeasance costs, return equity to the borrower ($5,432,984), fund reserves ($1,009,440) and pay closing costs ($1,073,605). The Prior Mortgage Loan was refinanced with the current Mortgage Loan on March 13, 2017 by Macquarie US Trading LLC. |
(32) | From and after the anticipated repayment date (December 5, 2026), the Mortgage Loan will accrue interest at a per annum rate equal to the sum of (i) the initial interest rate of 4.79000%, plus (ii) 3.00000% plus the amount (if any) by which the 10-year treasury rate exceeds 2.00000%. The payment of the additional interest will be deferred until the entire principal balance of the Mortgage Loan is paid in full. |
(33) | The borrower is entitled to release of a certain parcel of the Mortgaged Property provided among other conditions: (i) there is no event of default; (ii) at the time of the partial release the borrower (a) delivers $300,000 or (b) deposits $300,000 with the lender (x) as a partial defeasance or (y) to establish a reserve as additional collateral for the debt; (iii) the loan-to-value ratio immediately following the partial release does not exceed the lesser of (a) 62.2% or (b) the loan-to-value ratio immediately preceding the partial release; and (iv) the remaining parcel will satisfy all legal requirements and the requirements of all leases affecting the remaining parcel and will not be in violation of any applicable legal requirements and all necessary variances have been obtained. The portion of the Mortgaged Property that may be released contains only parking spaces and a maintenance garage and was given no value in underwriting. |
(34) | The Occupancy Date for buildings I, II, III, IV and VI is as of the rent roll dated January 1, 2017 and the Occupancy Date for building V is as of the rent roll dated December 15, 2016. |
(35) | The Environmental Phase I Report Date for buildings I, II and III is November 30, 2016 and December 1, 2016 for buildings IV, V and VI. |
(36) | The Cut-off Date Balance ($) of $35,034,012 represents the controlling note A-1 of a $55,125,000 Loan Combination evidenced by two pari passu notes. The non-controlling note A-2 with an outstanding principal balance as of the Cut-off Date of $19,948,363 is expected to be contributed to a future securitization transaction. Cut-off Date LTV Ratio (%), LTV Ratio at Maturity / ARD (%), Underwritten NCF DSCR (x), Debt Yield on Underwritten Net Operating Income (%), Debt Yield on Underwritten Net Cash Flow (%) and Loan Per Unit ($) calculations are based on the Loan Combination Cut-off Date Balance of $54,982,675. |
(37) | The historical financial information is not available for Hamilton Crossing building V due to the current vacancy and recent acquisition of the building. |
(38) | The Mortgaged Property’s Appraised Value ($) represents the “hypothetical as is” appraised value, which assumes the remaining contractual obligations consisting of free rent, leasing commissions, tenant improvements and capital improvements, totaling approximately $24.2 million, as of October 1, 2016, have been expended. The Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) are calculated based upon the Mortgaged Property’s Appraised Value ($) of $470,000,000. The Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) based on the “as-is” appraised value of $445,000,000 are 64.0% and 64.0%, respectively. |
(39) | The Second Largest Tenant, National Geographic, has signed a lease, took possession of its space in October 2016, and has not yet begun paying rent. At origination, the borrower deposited $11,517,808 for free rent, tenant improvement allowances and leasing commissions related to National Geographic. |
(40) | The Third Largest Tenant, Gulliver’s Gate, has signed a lease but has not yet taken occupancy of its leased space. At origination, the borrower deposited $5,518,113 for free rent, tenant improvement allowances and leasing commissions related to Gulliver’s Gate. |
Footnotes to Annex A
(41) | The Cut-off Date Balance ($) of $30,000,000 represents the non-controlling note A-4-A of a $285,000,000 Loan Combination evidenced by nine pari passu notes. The controlling note A-1 and non-controlling note A-6, which have an aggregate outstanding principal balance as of the Cut-off Date of $75,000,000, were contributed to the CD 2016-CD2 securitization transaction. The non-controlling notes A-4-B, A-5, A-7 and A-8 with an aggregate outstanding principal balance as of the Cut-off Date of $100,000,000, were contributed to the CD 2017-CD3 securitization transaction. The non-controlling notes A-2 and A-3 which have an aggregate outstanding principal balance as of the Cut-off Date of $80,000,000, are currently held by Deutsche Bank AG, New York Branch or an affiliate and are expected to be contributed to the JPMDB 2017-C5 securitization transaction. Cut-off Date LTV Ratio (%), LTV Ratio at Maturity / ARD (%), Underwritten NCF DSCR (x), Debt Yield on Underwritten Net Operating Income (%), Debt Yield on Underwritten Net Cash Flow (%) and Loan Per Unit ($) calculations are based on the Loan Combination Cut-off Date Balance of $285,000,000. |
(42) | The 2016 cash flows represent actual operations for November 2015 through August 2016 and have been annualized. The borrower sponsor acquired the retail condominium portion of the Mortgaged Property in October 2015. |
(43) | See “Description of the Mortgage Pool-Non-Recourse Carveout Limitations” in this Preliminary Prospectus for more information regarding the sponsor of the Mortgage Loan. |
(44) | The Largest Tenant, Smith’s Food & Drug dba Food 4 Less, occupying approximately 52.9% of the net rentable SF at the Mortgaged Property, includes a sublease between Smith’s Food & Drug Centers, Inc. and Food 4 Less of California, Inc. for 100% of the space. Both tenants are owned by the Kroger Company. Rent and lease term are the same in each lease. |
(45) | The Ongoing TI/LC Reserve ($) deposits are for the cost of tenant improvements and leasing commissions associated with the portion of the Mortgaged Property currently occupied by Food 4 Less (the “Food 4 Less Space”) and are capped at $500,000 with replenishment obligations. Notwithstanding the foregoing, upon renewal of the Food 4 Less lease, the borrower may obtain release of TI/LC reserve funds in excess of $350,000 and TI/LC reserve funds may be used in respect of any tenant at the Mortgaged Property; provided that if TI/LC reserve funds are reduced below $250,000, the obligation to make monthly deposits into the TI/LC reserve fund will resume (but will be capped at $350,000). Further notwithstanding the foregoing, 24 months prior to the Maturity Date, the capped amount increases to $500,000 and the TI/LC reserve funds are once again solely available for use in connection with tenant improvements and leasing commissions associated with the Food 4 Less Space. |
(46) | The Third Largest Tenant, Starwood Capital Operations, LLC (28,764 SF), representing approximately 7.6% of net rentable space, has multiple leases that expire as follows: 24,027 SF expire on February 28, 2023 and 4,737 SF expire on July 31, 2019. |
(47) | If the balance of TI/LC reserve falls below $1,424,479, the monthly deposits into the TI/LC reserve will recommence until the amount on deposit in the TI/LC reserve once again reaches the reserve cap of $2,848,958. |
(48) | The Cut-off Date Balance ($) of $29,500,000 represents the non-controlling note A-3 comprising a portion of an $87,500,000 Loan Combination evidenced by three pari passu notes. The controlling note A-2, which has an outstanding principal balance as of the Cut-off Date of $25,000,000, was contributed to the CSMC 2016-NXSR securitization transaction. The non-controlling note A-1, which has an outstanding principal balance as of the Cut-off Date of $33,000,000, was contributed to the MSC 2016-UBS12 securitization transaction. Cut-off Date LTV Ratio (%), LTV Ratio at Maturity / ARD (%), Underwritten NCF DSCR (x), Debt Yield on Underwritten Net Operating Income (%), Debt Yield on Underwritten Net Cash Flow (%) and Loan Per Unit ($) calculations are based on the Loan Combination Cut-off Date Balance of $87,500,000. |
(49) | Two of the related buildings are subject to a ground lease; Building 8 is subject to a 99-year ground lease expiring on May 31, 2076. Currently, the annual ground lease payment is $178,000. At the end of every 20-year period, the annual base rent will increase by an amount equal to 25% of any increase in rental income payable to the lessee from its tenants in the new building to be erected on the premises over that amount of rental income payable 3 years after the date upon which the certificate of occupancy was issued (with the next increase scheduled to occur on December 14, 2018). Building 9 is subject to a 99-year ground lease expiring in September 8, 2076. Currently, the annual ground lease payment is $34,385. Commencing on the 56th year of the lease term, rent will be as determined by agreement by and between the ground lessor and lessee. Disagreements will be handled by arbitration. |
Footnotes to Annex A
(50) | The borrower has the right to release portions of the Mortgaged Property as requested by the borrower (the “Free Release Parcel”) as approved by the lender in its sole and absolute discretion, provided the conditions in the loan documents are met including, among others: (i) no event of default has occurred and is continuing; (ii) following the release, the remaining Mortgaged Property will be in compliance with applicable legal requirements and all provisions of any leases of any portion of the Mortgaged Property that are then in effect (including, without limitation, as to required parking spaces, restrictions on development, access and similar matters), and the Free Release Parcel will be subject to a restrictive covenant prohibiting the use or development thereof in any manner that violates any provision of any then-existing lease of the remaining Mortgaged Property; (iii) the remaining portion of the Mortgaged Property maintains a minimum combined debt service coverage ratio equal of the greater of (a) a combined debt service coverage ratio of 1.58x or (b) the combined debt service coverage ratio for the twelve full calendar months immediately prior to the release; (iv) the remaining portion of the Mortgaged Property maintains a maximum combined loan to value ratio equal to the lesser of (a) the combined loan to value ratio of 72.8% or (b) the combined loan to value ratio immediately prior to the release; and (v) compliance with REMIC requirements, and the ratio of the unpaid principal balance of the loan to the value of the remaining Mortgaged Property is greater than 125%. No value was attributed to the Free Release Parcel in the appraisal. The borrower is only permitted to construct multi-family improvements with ancillary retail on the Free Release Parcel. |
(51) | The Ground Lease Expiration Date is May 31, 2076 with respect to building 8 and September 8, 2076 with respect to building 9 at the Greenwich Office Park Mortgaged Property. The Annual Ground Lease Payment ($) is $178,000 for building 8 and $34,385 for building 9. |
(52) | The Cut-off Date Balance ($) of $29,000,000 represents the non-controlling note A-2 of a $120,000,000 Loan Combination evidenced by four pari passu notes. The controlling note A-1 and non-controlling note A-3, with an aggregate outstanding principal balance as of the Cut-off Date of $67,000,000, were contributed to the CD 2017-CD3 securitization transaction. The non-controlling note A-4 with an outstanding principal balance as of the Cut-off Date of $24,000,000 is currently held by Deutsche Bank AG, New York Branch and is expected to be contributed to a future securitization transaction. Cut-off Date LTV Ratio (%), LTV Ratio at Maturity / ARD (%), Underwritten NCF DSCR (x), Debt Yield on Underwritten Net Operating Income (%), Debt Yield on Underwritten Net Cash Flow (%) and Loan Per Unit ($) calculations are based on the Loan Combination Cut-off Date Balance of $120,000,000. |
(53) | The lockout period will be at least 27 payment dates beginning with and including the first payment date on February 6, 2017. For the purposes of this Preliminary Prospectus, the assumed lockout period of 27 payment dates is based on the expected CGCMT 2017-P7 securitization closing date in April 2017. The actual lockout period may be longer. |
(54) | At the origination of the Mortgage Loan, the borrower funded an economic holdback reserve in the amount of $29,490,000. The economic holdback reserve disbursement conditions were dependent upon (i) the borrower submitting to lender a request for disbursement, (ii) the borrower delivering the NYS Workers Comp lease extension, (iii) no event of default is continuing on the date the disbursement was requested or made and (iv) the debt yield on underwritten net cash flow is equal to or greater than 7.0% on both the date that borrower requests disbursement and the date on which the disbursement is made. The borrower satisfied all of the conditions and the reserve has been released to the borrower in the amount of $27,990,000, with the remaining $1,500,000 deposited into a NYS Workers Comp TI/LC reserve account to be used solely for tenant improvement and leasing commission costs associated with any further renewal of the NYS Workers Comp lease or re-leasing the NYS Workers Comp space. |
(55) | The borrower has the right to release a portion of the Mortgaged Property in connection with the imposition of a leasehold condominium at any time other than the sixty (60) days prior to and following any secondary market transaction provided that certain conditions are satisfied. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Partial Releases” in this Preliminary Prospectus. |
Footnotes to Annex A
(56) | On each monthly payment date occurring in the months of May, June, July and August, to the extent the balance of the seasonality reserve account is less than $1,000,000, the borrower shall pay to lender (i) if a cash management period is continuing, an amount equal to the greater of (x) $250,000 and (y) all amounts then remaining after payment of items defined in the Mortgage Loan documents or (ii) if no cash management period is then continuing, $250,000. If on any monthly payment date occurring in the months of November, December and January, the Hilton Anchorage Property produces insufficient net cash flow to make payments as set forth in the Mortgage Loan documents, then lender must disburse funds to the extent necessary to make such payments, so long as, (a) if the disbursement is less than $100,000 for the month of November, $750,000 for the month of December, or $150,000 for the month of January, then borrower must deliver an officer’s certificate which certifies that borrower is entitled to draw the funds and (b) if the disbursement amount is greater than $100,000 for the month of November, $750,000 for the month of December, or $150,000 for the month of January, then borrower must deliver to lender documents which establish, to lender’s reasonable satisfaction, the existence and amount of the operating deficit for such period. |
(57) | On each monthly payment date occurring in 2017, borrower must deposit the amount of $190,214 into the Ongoing Replacement Reserve ($) account, $113,516 of which is allocated to the Renaissance Concourse Atlanta Airport Hotel Property and $76,703 of which is allocated to the Hilton Anchorage Property. On each monthly payment date beginning with the payment date in January 2018 through the end of the loan term, borrower must deposit with lender an amount equal to the greater of (a) an amount equal to (i) one-twelfth (1/12) of five percent (5%) of gross income from operations of the Renaissance Concourse Atlanta Airport Hotel Property during the calendar year immediately preceding the calendar year in which such monthly payment date occurs and (ii) one-twelfth (1/12) of four percent (4%) of gross income from operations of the Hilton Anchorage Property during the calendar year immediately preceding the calendar year in which such monthly payment date occurs and (b) the aggregate amount, if any, required to be reserved under the Management Agreement and the Franchise Agreement. |
(58) | The Hilton Anchorage Property leases 150 parking spaces under a ground lease that expires on January 31, 2065. The annual rent is $121,806 and increases by compounded CPI adjustments every five years. |
(59) | On each monthly payment date occurring from and after the occurrence of the PIP Reserve Trigger Event Date through and including the monthly payment date upon which a Cash Sweep Event Cure occurs, the borrower shall deposit with the lender all available excess cash flow. In addition, (i) if, on or before April 6, 2025, (a) the Anchorage Franchise Agreement has not been renewed or replaced with a Replacement Franchise Agreement and (b) the Anchorage PIP Deposit Conditions have not been satisfied, the borrower shall deposit with the lender the Anchorage PIP Deposit Amount and (ii) if, at any time, following April 6, 2025, the lender determines that amounts on deposit in the PIP Reserve Account together with any amounts in the Anchorage Capital Expenditure Account will be insufficient to pay the then estimated costs for any PIP work, the borrower shall make a True Up Payment. |
(60) | The Allocated Cut-off Date Loan Amount ($) for the Hilton Anchorage and Renaissance Concourse Atlanta Airport Hotel Properties is allocated based on the weighted average of the Atlanta and Anchorage Hotel Portfolio Loan Combination Cut-off Date Balance of $114,845,346 and the respective property’s appraisal value. |
(61) | The Cut-off Date Balance ($) of $27,962,345 represents the non-controlling note A-2 of a $115,000,000 Loan Combination evidenced by five pari passu notes. The controlling note A-1-A and non-controlling note A-1-B have an aggregate outstanding principal balance as of the Cut-off Date of $52,429,397, are currently held by Rialto Mortgage Finance, LLC, and are expected to be contributed to one or more future securitization transactions. The non-controlling notes A-3-A and A-3-B have an aggregate outstanding principal balance as of the Cut-off Date of $34,453,604, are currently held by Barclays Bank PLC, and are expected to be contributed to one or more future securitization transactions. Cut-off Date LTV Ratio (%), LTV Ratio at Maturity / ARD (%), Underwritten NCF DSCR (x), Debt Yield on Underwritten Net Operating Income (%), Debt Yield on Underwritten Net Cash Flow (%) and Loan Per Unit ($) calculations are based on the Loan Combination Cut-off Date Balance of $114,845,346. |
(62) | The lockout period will be at least 25 payment dates beginning with and including the first payment date of April 6, 2017. For the purposes of this Preliminary Prospectus, the assumed lockout period of 25 months is based on the expected CGCMT 2017-P7 securitization closing date in April 2017. The actual lockout period may be longer. |
(63) | Other Sources ($) consists of a $1,246,929 credit for escrows received at closing from the payoff of the borrower’s prior loan. |
Footnotes to Annex A
(64) | The Mortgaged Property’s Appraised Value ($) represents the combined “as-stabilized” appraised value as of May 1, 2017, which assumes 100.0% stabilized occupancy concurrent with the Providence Health lease commencement date and the completion of the current renovation. The Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) are calculated based upon the Mortgaged Property’s Appraised Value ($) of $40,700,000. The Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) based on the combined “as-is” appraised value of $36,100,000 are 72.0% and 72.0%, respectively. |
(65) | The Occupancy Date of May 1, 2017 reflects the lease commencement date for the sole tenant, Providence Health, at the Mortgaged Property. An unfunded obligations reserve of $1,189,980 and a free rent reserve of $1,011,184 were funded at closing to cover all outstanding liabilities until the tenant takes occupancy of its space. |
(66) | Historical cash flows are unavailable for the Mortgaged Property due to the sponsors’ acquisition of the Mortgaged Property in 2015, which, at the time of acquisition, was occupied by the previous owner. |
(67) | The Third Largest Tenant, Panasonic Broadcast & Television (18,136 SF), representing approximately 17.7% of net rentable space, has multiple leases that expire as follows: 11,380 SF expire on April 30, 2020 and 6,756 SF expire on February 29, 2020. |
(68) | If the balance of TI/LC reserve falls below $230,947, the monthly deposits into the TI/LC reserve will recommence until the amount on deposit in the TI/LC reserve once again reaches the reserve cap of $461,894. |
(69) | The Mortgaged Property is subject to a ground lease expiring on December 31, 2037. Ground rent has been paid in full through the related ground lease expiration date. |
(70) | The Mortgage Loan Rate (%) shown is the interest rate on April 5, 2017. The Underwritten NCF DSCR (x) are calculated based on the average debt service of the first 12 payments dates starting with April 5, 2017. |
(71) | The Mortgage Loan follows the special interest and amortization payment schedule. The Original Balance ($), Cut-off Date Balance ($), Allocated Cut-off Date Loan Amount ($), Balloon Balance ($) and Underwritten NCF DSCR (x) were calculated based on a non-standard amortization schedule attached to the preliminary prospectus as Annex G-2. The rate shown is the interest rate on April 5, 2017. The Underwritten NCF DSCR (x) is calculated based on the average debt service of the first 12 payments dates starting with April 5, 2017. |
(72) | The Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) are calculated based upon the Mortgaged Property’s “as-stabilized” value. The “as-stabilized” value includes seller credits to the buyer as of January 11, 2017 for bridge rent for the transient parking, storage income, and for retail tenants until their leases commence in June and August 2017, respectively. The appraiser concluded to an “as-is” Appraised Value ($) of $255,000,000. The Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) are calculated based upon the Mortgage Property’s “as-is” value are 24.4% and 24.4%. |
(73) | The Second Largest Tenant, Restaurants Unlimited Inc dba Henry’s Tavern (5,282 SF), representing approximately 1.8% of net rentable space, will take occupancy in August 2017. At origination, the amount of $71,313 was escrowed for the tenant in an upfront retail tenant reserve and the amount of $574,500 was escrowed for the tenant in an upfront tenant improvement reserve for the build out of the related space. The Third Largest Tenant, Sprout Good Greens, Inc. dba SPROUT (1,977 SF), representing approximately 0.7% of net rentable space, will also take occupancy in August 2017. At origination, the amount of $28,831.25 was escrowed for this tenant in an upfront retail tenant reserve and the amount of $237,240 was escrowed for this tenant in an upfront tenant improvement reserve for the build out of the related space. |
(74) | The Cut-off Date Balance ($) of $24,000,000 represents the non-controlling note A-2 comprising a portion of a $149,207,361 Loan Combination evidenced by (i) two senior pari passu notes (notes A-1 and A-2) with an aggregate outstanding principal balance as of the Cut-off Date of $62,231,428, and (ii) one junior note (note B) with an outstanding principal balance as of the Cut-off Date of $86,975,933, which is subordinate to the two senior pari passu notes. Note A-1, which has an outstanding principal balance as of the Cut-off Date of $38,231,428, and will be the controlling note if and when note B is not, is currently held by Natixis Real Estate Capital LLC or an affiliate and is expected to be contributed to one or more future commercial mortgage securitization transactions. Note B is currently held by an unaffiliated third party investor and will be the controlling note unless an “AB Control Appraisal Period” is in effect. Cut-off Date LTV Ratio (%), LTV Ratio at Maturity / ARD (%), Underwritten NCF DSCR (x), Debt Yield on Underwritten Net Operating Income (%), Debt Yield on Underwritten Net Cash Flow (%) and Loan Per Unit ($) calculations are based on the aggregate outstanding principal balance as of the Cut-off Date for the two senior pari passu notes of $62,231,428. |
Footnotes to Annex A
(75) | The Fourth Largest Tenant, JS Nostrand Market, has a lease commencement date of June 1, 2017. At closing, the borrower deposited $20,600 into a free rent reserve to cover outstanding rent obligations associated with the tenant. |
(76) | The Cut-off Date Balance ($) of $20,000,000 represents the non-controlling notes A-4 and A-5 comprising a portion of a $165,000,000 Loan Combination evidenced by (i) six senior pari passu notes (notes A-1, A-2, A-3, A-4, A-5 and A-6) with an aggregate outstanding principal balance as of the Cut-off Date of $145,000,000, and (ii) one junior note (note B) with an outstanding principal balance as of the Cut-off Date of $20,000,000, which is subordinate to the six senior pari passu notes. The non-controlling notes A-1 and A-6, which have an aggregate outstanding principal balance as of the Cut-off Date of $50,000,000, were contributed to the CSMC 2016-NXSR securitization transaction. Note A-2, which has an outstanding principal balance as of the Cut-off Date of $50,000,000 and will be the controlling note if and when note B is not, was contributed to the WFCM 2016-NXS6 securitization transaction. Non-controlling note A-3, which has an outstanding principal balance as of the Cut-off Date of $25,000,000, was contributed to the WFCM 2016-NXS6 securitization transaction. Note B is currently held by SM Core Credit Finance LLC and will be the controlling note unless an “AB Control Appraisal Period” is in effect. Cut-off Date LTV Ratio (%), LTV Ratio at Maturity / ARD (%), Underwritten NCF DSCR (x), Debt Yield on Underwritten Net Operating Income (%), Debt Yield on Underwritten Net Cash Flow (%) and Loan Per Unit ($) calculations are based on the aggregate outstanding principal balance as of the Cut-off Date for the six senior pari passu notes of $145,000,000. |
(77) | The Largest Tenant, District Cowork Nomad LLC (14,400 SF) at the Mortgaged Property identified as 1204 Broadway, representing approximately 18.6% of net rentable space of portfolio has multiple leases that expire as follows: 13,500 SF expire in November 1, 2019 and 900 SF expire in December 31, 2026. The Second Largest Tenant, PRYM 1216, LLC (6,000 SF) at the Mortgaged Property identified as 1214- 1216 Broadway, representing approximately 7.8% of net rentable space of portfolio has multiple leases that expire as follows: 3,500 SF expire in April 1, 2030 and 2,500 SF expire in December 1, 2029. |
(78) | The Largest Tenant, District Cowork Nomad LLC (14,400 SF) at the Mortgaged Property identified as 1204 Broadway, representing approximately 18.6% of net rentable space of portfolio, has not taken occupancy of 900 SF of its space, but is paying rent for this space and has not taken occupancy for another 3,000 SF of its space, and will pay rent for this space starting February, 2018. For the Second Largest Tenant, PRYM 1216, LLC (6,000 SF) at the Mortgaged Property identified as 1214-1216 Broadway, representing approximately 7.8% of net rentable space of the portfolio, has not taken occupancy of 3,500 SF of its space, and will pay rent for this space starting May, 2017. |
(79) | The Cut-off Date Balance ($) of $20,000,000 represents the non-controlling note A-2 comprising a portion of a $58,000,000 Loan Combination evidenced by two pari passu notes. The controlling note A-1, which has an aggregate outstanding principal balance as of the Cut-off Date of $38,000,000, is currently held by Natixis Real Estate Capital LLC or an affiliate and is expected to be contributed to one or more future commercial mortgage securitization transactions. Cut-off Date LTV Ratio (%), LTV Ratio at Maturity / ARD (%), Underwritten NCF DSCR (x), Debt Yield on Underwritten Net Operating Income (%), Debt Yield on Underwritten Net Cash Flow (%) and Loan Per Unit ($) calculations are based on the Loan Combination Cut-off Date Balance of $58,000,000. |
(80) | The lockout period will be at least 28 payment dates beginning with and including the first payment date of January 5, 2017. For the purposes of this preliminary prospectus, the assumed lockout period of 28 months is based on the expected CGCMT 2017-P7 securitization closing date in April 2017. The actual lockout period may be longer. |
(81) | No allocated property loan balance was provided in loan agreement, and the allocated property loan balance was calculated based on the size of each property. |
(82) | The Mortgaged Property consists of 128 multifamily units and 3,910 SF of retail space. The retail portion is comprised of a restaurant tenant, Sauce on the Side, and a 20-year lease agreement with Magnolia Hotel to use a portion of the lobby and second floor for events such as banquets, meetings, conferences, weddings, and other events. The retail portion generates annual underwritten base rent of $157,000. |
Footnotes to Annex A
(83) | The Cut-off Date LTV Ratio (%), the Debt Yield on Underwritten Net Operating Income (%) and the Debt Yield on Underwritten Net Cash Flow (%) are calculated net of a $700,000 debt yield holdback reserve. The debt yield holdback reserve shall be disbursed to the borrower upon satisfaction of certain requirements including, but not limited to, (i) no event of default exists under the Mortgage Loan documents, (ii) the borrower delivers to lender concurrently with such disbursement request updated operating statements and an updated rent roll for the Mortgaged Property, (iii) lender has determined that the debt yield, based on the trailing 12-months is equal to or greater than 8.0%. The Cut-off Date LTV Ratio (%), the Debt Yield on Underwritten Net Operating Income (%) and the Debt Yield on Underwritten Net Cash Flow (%) calculated based upon the fully funded aggregate Mortgage Loan amount of $16,000,000 are 65.8%, 8.3% and 7.9%, respectively. |
(84) | The Largest Tenant and sole tenant, Novo Nordisk Inc., currently occupies 69.4% of the net rentable area at the Mortgaged Property, but Occupancy ($) reflects 78.0% which is the total amount of space the tenant has leased and currently pays rent on, as a result of the tenant’s most recent expansion at the Mortgaged Property. |
(85) | The Cut-off Date Balance ($) of $15,000,000 represents the non-controlling notes A-10 and A-13 comprising a portion of a $168,300,000 Loan Combination evidenced by thirteen pari passu notes. The controlling note A-1 and non-controlling notes A-7, A-8 and A-9, which have an aggregate outstanding principal balance as of the Cut-off Date of $60,000,000, were contributed to the CSMC 2016-NXSR securitization transaction. The non-controlling notes A-3, A-4, A-5, A-11 and A-12, which have an aggregate outstanding principal balance as of the Cut-off Date of $73,300,000, were contributed to the WFCM 2016-NXS6 securitization transaction. The non-controlling note A-6, which has an outstanding principal balance as of Cut-off Date of $20,000,000, was contributed to the MSC 2016-UBS12 securitization transaction. Cut-off Date LTV Ratio (%), LTV Ratio at Maturity / ARD (%), Underwritten NCF DSCR (x), Debt Yield on Underwritten Net Operating Income (%), Debt Yield on Underwritten Net Cash Flow (%) and Loan Per Unit ($) calculations are based on the Loan Combination Cut-off Date Balance of $168,300,000. |
(86) | From and after the anticipated repayment date (September 5, 2021), the Mortgage Loan will accrue interest at a per annum rate equal to the sum of (i) 3.48200% and (ii) 3.00000% plus the amount (if any) by which the five-year treasury rate exceeds 2.50000%. The payment of the additional interest will be deferred until the entire principal balance of the loan is paid in full. |
(87) | The Mortgage Loan has a maximum principal balance of $207,880,000 and an original principal balance of $168,300,000. Note A-2 is currently unfunded; however, the holder of Note A-2 is required to make advances available for (i) approved tenant improvements and leasing commissions, which are estimated to be $16,580,000, in connection with the exercise of Novo Nordisk Inc.’s right under its lease to take expansion space at the Novo Nordisk Property and (ii) earnout funds which are estimated to be $23,000,000. |
(88) | All statistical financial information are based on the funded outstanding principal balance of the Loan Combination as of the Cut-off Date. Based on the maximum principal balance of the Loan Combination, the “as-expanded” appraised value, assuming the Mortgaged Property is 100% occupied by January 1, 2018, and the fully funded Underwritten Net Cash Flow ($), the Loan Per Unit ($), Cut-off Date LTV Ratio (%), LTV Ratio at Maturity / ARD (%) and Debt Yield on Underwritten Net Cash Flow (%) would be $272.87, 60.7%, 60.7% and 10.6%, respectively. The fully funded Underwritten NCF DSCR (x) (calculated at the maximum potential interest rate) is 2.71x. |
(89) | The Mortgaged Property consists of 135 multifamily units and 8,802 SF of retail space. The retail portion is comprised of five tenants that contribute annual underwritten base rent of $185,850. |
(90) | The Second Largest Tenant, Conoco Phillips, occupying approximately 16.6% of the net rentable SF, assigned its right, title and interest under its ground-leased portion of the Mortgaged Property to Western Dealer Holding Company, LLC (Northwest Dealerco Holdings, LLC), which has a sublease with Tai Phat Nguyen and Vivian Anna Hoang for 100.0% of the space. Rent and lease term are the same in each lease. |
(91) | The historical financial information is not available due to the recent acquisition of the Mortgaged Properties. |
Footnotes to Annex A
(92) | At any time following two years after the Closing Date, the borrower may voluntarily defease a portion of the Mortgage Loan and obtain a release of an individual Mortgaged Property provided that certain conditions are satisfied, including (i) delivery of a rating agency confirmation, (ii) after giving effect to the release, the debt service coverage ratio with respect to the remaining Mortgaged Properties is greater than the greater of (1) the debt service coverage ratio of all Mortgaged Properties immediately prior to the release and (2) 1.35x; (iii) after giving effect to the release, the debt yield with respect to the remaining Mortgaged Properties is greater than the greater of (1) the debt yield of all Mortgaged Properties immediately prior to the release and (2) 8.74%; and (iv) after giving effect to the release, the loan-to-value ratio with respect to the remaining Mortgaged Properties is no greater than the lesser of (1) the 64.6% and (2) the loan-to-value ratio of all Mortgaged Properties immediately prior to the release. |
(93) | The Second Largest Tenant, Middle Village Associates, L.L.C., representing 265,000 SF and 16.9% of the net rentable area, subleases 88.1% of its space to 15 tenants for a total annual base rent of $4,400,639 ($16.61 PSF). The terms of the three largest subtenants are as follows: (i) BJ’s Wholesale Club, Inc., representing 135,254 SF of space for a total annual base rent of $2,583,351 ($19.10 per SF expiring on September 30, 2024); (ii) Alfa Management Group Inc., representing 27,378 SF of space for a total annual base rent of $492,000 ($17.97 per SF expiring on October 31, 2023); and (iii) Jennifer Convertibles, Inc., representing 11,700 SF of space for a total annual base rent of $269,100 ($23.00 per SF expiring on June 30, 2025). |
(94) | The Cut-off Date Balance ($) of $12,000,000 represents the non-controlling note A-5 comprising a portion of a $132,000,000 Loan Combination evidenced by five pari passu notes. The controlling note A-1 and non-controlling note A-4, which have an aggregate outstanding principal balance as of the Cut-off Date of $60,000,000, were contributed to the CSMC 2016-NXSR securitization transaction. The non-controlling notes A-2 and A-3, which have an aggregate outstanding principal balance as of the Cut-off Date of $60,000,000, were contributed to the WFCM 2016-NXS6 securitization transaction. Cut-off Date LTV Ratio (%), LTV Ratio at Maturity / ARD (%), Underwritten NCF DSCR (x), Debt Yield on Underwritten Net Operating Income (%), Debt Yield on Underwritten Net Cash Flow (%) and Loan Per Unit ($) calculations are based on the Loan Combination Cut-off Date Balance of $132,000,000. |
(95) | The Cut-off Date LTV Ratio (%) is calculated using the “as-is” Appraised Value ($) of $15,800,000 plus the $2,000,000 PIP reserve that the borrower deposited at closing. The franchise agreement is up for renewal in January 2020 and the upfront PIP reserve of $2,000,000 represents the estimated cost of the required property improvement plan. |
(96) | Beginning on the first monthly payment date up to and including the payment date in February, 2018, the borrower must fund a monthly FF&E reserve in an amount equal to one-twelfth of 1.0%, from the monthly payment date in March, 2018 through February, 2019, an amount equal to one-twelfth of 2.0%, from the monthly payment date in March, 2019 through February, 2020 an amount equal to 3.0%, and from the monthly payment date in March, 2020 through the remaining term of the loan, an amount equal to 4.0% of the greater of (x) the annual gross revenues for the hotel related operations at the Mortgaged Property for the immediately preceding calendar year as reasonably determined by lender and (y) the projected annual gross revenues for the hotel related operations at the Mortgaged Property for the calendar year in which such monthly payment date occurs. |
(97) | Closing Costs ($) include a $2,758,008 payment to buy out a partner’s interest in the borrower’s limited partnership structure. |
(98) | The Cut-off Date LTV Ratio (%), the Debt Yield on Underwritten Net Operating Income (%) and the Debt Yield on Underwritten Net Cash Flow (%) are calculated net of a $300,000 property costs holdback reserve. The property costs holdback reserve of $300,000 shall be disbursed to the borrower upon satisfaction of certain requirements including, but not limited to, (i) the borrower provides evidence that funds will be used for property costs as defined in the Mortgage Loan documents, (ii) the debt yield is not less than the greater of (a) the closing date debt yield and (b) 8.75%, (iii) on the date of disbursement, the ratio of the principal amount of the Mortgage Loan to the acquisition costs incurred by or on behalf of the borrower is not greater than 75.0% and (iv) lender shall not disburse any funds until the immediate repairs, as defined in the Mortgage Loan documents, are completed. The Cut-off Date LTV Ratio (%), the Debt Yield on Underwritten Net Operating Income (%) and the Debt Yield on Underwritten Net Cash Flow (%) calculated based upon the fully funded aggregate Mortgage Loan amount of $11,600,000 are 71.6%, 8.6% and 8.4%, respectively. |
(99) | The purpose of the Mortgage Loan was to provide proceeds for the recapitalization of the AA Self Storage Property located in Cold Spring, Kentucky, which was acquired at a purchase price of $6,175,000 in June 2016, and the acquisition of the Mini Flex Storage - Troy Highway and Mini Flex Storage - Troy Annex Properties for a combined purchase price of $9,175,000. The total purchase price for the Amsdell Cold Spring & Montgomery Portfolio is $15,350,000. |
Footnotes to Annex A
(100) | If the Upfront TI/LC Reserve ($) is drawn upon such that the balance is below the cap of $1,500,000, on each monthly payment date the borrower is required deposit the sum of $25,000 as an Ongoing TI/LC Reserve ($) until such time as the TI/LC reserve account balance reaches $1,500,000. |
(101) | Historical cash flows for the years 2014 and 2015 use the reporting period of February 1, 2014 through January 31, 2015 and February 1, 2015 through January 31, 2016, respectively. |
(102) | The Cut-off Date Balance ($) of $10,000,000 represents the non-controlling note A-2 of a $22,750,000 Loan Combination evidenced by two pari passu notes. The controlling note A-1 has an outstanding principal balance as of the Cut-off Date of $12,750,000 and was contributed to the CD 2017-CD3 securitization transaction. Cut-off Date LTV Ratio (%), LTV Ratio at Maturity / ARD (%), Underwritten NCF DSCR (x), Debt Yield on Underwritten Net Operating Income (%), Debt Yield on Underwritten Net Cash Flow (%) and Loan Per Unit ($) calculations are based on the Loan Combination Cut-off Date Balance of $22,750,000. |
(103) | If the Upfront TI/LC Reserve ($) is drawn upon such that the balance is below $90,000, on each monthly payment date the borrower is required to deposited an amount of $7,274 for the Ongoing TI/LC Reserve ($) until such time as the TI/LC reserve account balance reaches the reserve cap of $261,876. |
(104) | The Ongoing Replacement Reserve ($) will be adjusted based on monthly operating statements and will be 4% of gross rents for the immediately preceding calendar month. The current Ongoing Replacement Reserve ($) constant is $14,780. |
(105) | On each payment date occurring in September, October and November each year during the loan term, the borrower is required to deposit an amount equal to $33,333 to the seasonal reserve account. |
(106) | At any time after the second anniversary of the closing date, and before the maturity date, the borrower may release from the lien of the mortgage one or more Mortgaged Properties through a partial defeasance provided that certain conditions under the Mortgage Loan documents are satisfied, including, among other requirements: (a) the borrower defeases the Mortgage Loan in an amount equal to the greater of (i) 115% of the allocated loan amount and (ii) 100% of the net proceeds applicable to the released Mortgaged Property, (b) delivery of an opinion of counsel for the borrower, a REMIC opinion, and rating agency confirmation, (c) a debt yield of greater than the greater of (i) the debt yield of the Mortgaged Properties immediately prior to such release and (ii) 9.25%; (d) a debt service coverage ratio of greater than the greater of (i) the debt service coverage ratio of the Mortgaged Properties immediately prior to such release and (ii) 1.75x; (e) a maximum loan to value ratio of the lesser of (i) the loan to value ratio that existed prior to such release and (ii) 60.0%; and (f) all legal requirements are satisfied for the remaining properties. |
(107) | The Ongoing Replacement Reserve ($) will be adjusted based on monthly operating statements and will be 4% of gross rents for the immediately preceding calendar month. The current Ongoing Replacement Reserve ($) constant is $7,449. |
(108) | The Ongoing Replacement Reserve ($) will be adjusted based on annual operating statements and will be 1/12 of 4% of gross revenues for the immediately preceding year. The current Ongoing Replacement Reserve ($) constant is $9,150. |
(109) | On each payment date occurring in July, August, September and October each year during the loan term, the borrower is required to deposit an amount equal to $90,000, $80,000, $55,000 and $15,000, respectively to the seasonality reserve account. |
(110) | The Ongoing Replacement Reserve ($) will be adjusted based on monthly operating statements and will be 4% of gross rents for the immediately preceding calendar month. The current Ongoing Replacement Reserve ($) constant is $6,001. |
(111) | On each payment date occurring in July through, and including, December each year during the loan term, the borrower shall deposit an amount equal to $17,500 to the seasonal reserve account. |
(112) | On each payment date beginning on January 5, 2019 through December 5, 2019, inclusive, the borrower is required to deposit an amount equal to $7,818, for use in connection with the performance of Required Capital Improvements pursuant to, and in accordance with the terms of the Property Improvement Plan, PIP reserve account. |
Footnotes to Annex A
(113) | If the balance of Upfront Replacement Reserve ($) falls below $350,000, the monthly deposits into the Ongoing Replacement Reserve ($) will recommence until the amount on deposit in the replacement reserve once again reaches the reserve cap of $500,000. |
(114) | The Occupancy (%) for Baillie MHC Portfolio and the Colonial Estates Property exclude from the calculation two units located at the Colonial Estates Property that are administrative units. One unit is used as office space and one unit is used as a mail area, neither of which are available for rent at the Colonial Estates Property. |
(115) | The historical cash flows for the years 2013 and 2014 are not available for all Baillie MHC Portfolio Properties due to the timing of acquisitions of the individual Mortgaged Properties. The Carey Estates Property was purchased in December 2014 and the Colonial Estates Property was purchased in 2013. |
(116) | At any time after the second anniversary of the closing date, and before the maturity date, the borrower may release from the lien of the mortgage one or more Mortgaged Properties through a partial defeasance provided that certain conditions under the Mortgage Loan documents are satisfied, including, among other requirements: (a) the borrower defeases the Mortgage Loan in an amount equal to the greater of (i) 120% of the allocated loan amount and (ii) 85% of the net proceeds applicable to the released Mortgaged Property, (b) delivery of an opinion of counsel for the borrower, a REMIC opinion, and rating agency confirmation, (c) a debt yield of greater than the greater of (i) the debt yield of the Mortgaged Properties immediately prior to such release and (ii) 10.66%; (d) a debt service coverage ratio of greater than the greater of (i) the debt service coverage ratio of the Mortgaged Properties immediately prior to such release and (ii) 1.61x; (e) a maximum loan to value ratio of the lesser of (i) the loan to value ratio that existed prior to such release and (ii) 66.0%; and (f) all legal requirements are satisfied for the remaining properties. |
(117) | The Ongoing Replacement Reserve ($) will be adjusted based on monthly operating statements and will be 4% of gross rents for the immediately preceding calendar month. The current Ongoing Replacement Reserve ($) constant is $4,361. |
(118) | On each payment date occurring in July, August, September, October and November each year during the loan term, the borrower is required to deposit an amount equal to $14,000, $50,000, $50,000, $50,000 and $50,000, respectively to the seasonal reserve account. |
MORTGAGE POOL CHARACTERISTICS | ||
Mortgage Pool Characteristics | ||
Initial Pool Balance | $ | 1,025,317,969 |
Number of Mortgage Loans | 46 | |
Number of Mortgaged Properties | 58 | |
Average Cut-off Date Mortgage Loan Balance | $ | 22,289,521 |
Weighted Average Mortgage Interest Rate | 4.6859% | |
Weighted Average Remaining Term to Maturity (months) | 112 | |
Weighted Average Remaining Amortization Term (months) | 341 | |
Weighted Average Cut-off Date LTV Ratio | 58.9% | |
Weighted Average Maturity Date LTV Ratio | 54.1% | |
Weighted Average Underwritten Debt Service Coverage Ratio | 1.92x | |
Weighted Average Debt Yield on Underwritten NOI | 10.8% |
COLLATERAL OVERVIEW | |||||
Mortgage Loans by Loan Seller | |||||
Mortgage Loan Seller | Mortgage Loans | Mortgaged Properties | Aggregate Cut-off Date Balance | % of Initial Pool Balance | |
Citigroup Global Markets Realty Corp. | 13 | 14 | 291,814,412 | 28.5% | |
Citi Real Estate Funding Inc. | 10 | 19 | 260,624,490 | 25.4% | |
Natixis Real Estate Capital LLC | 16 | 18 | 253,439,718 | 24.7% | |
Principal Commercial Capital | 7 | 7 | 219,439,348 | 21.4% | |
Total | 46 | 58 | 1,025,317,969 | 100.0% | |
Property Types | |||||
Property Type / Detail | Number of Mortgaged Properties | Aggregate Cut-off Date Balance | % of Initial Pool Balance | ||
Office | 18 | 549,764,588 | 53.6% | ||
Suburban | 10 | 266,764,588 | 26.0% | ||
CBD | 4 | 165,000,000 | 16.1% | ||
Medical Office | 4 | 118,000,000 | 11.5% | ||
Retail | 13 | 190,972,067 | 18.6% | ||
Anchored | 6 | 146,561,878 | 14.3% | ||
Single Tenant Retail | 6 | 36,610,189 | 3.6% | ||
Shadow Anchored | 1 | 7,800,000 | 0.8% | ||
Mixed Use | 4 | 81,438,122 | 7.9% | ||
Office/Hospitality | 1 | 50,000,000 | 4.9% | ||
Office/Retail | 2 | 19,438,122 | 1.9% | ||
Office/Retail/Warehouse | 1 | 12,000,000 | 1.2% | ||
Multifamily | 4 | 70,850,000 | 6.9% | ||
High-Rise with Retail | 2 | 34,850,000 | 3.4% | ||
High-Rise | 1 | 20,000,000 | 2.0% | ||
Garden | 1 | 16,000,000 | 1.6% | ||
Hospitality | 8 | 66,742,238 | 6.5% | ||
Full Service | 4 | 40,385,000 | 3.9% | ||
Limited Service | 3 | 14,386,787 | 1.4% | ||
Extended Stay | 1 | 11,970,451 | 1.2% | ||
Industrial | 3 | 39,467,838 | 3.8% | ||
Warehouse/Distribution | 2 | 19,989,348 | 1.9% | ||
Flex | 1 | 19,478,490 | 1.9% | ||
Self Storage | 5 | 21,083,115 | 2.1% | ||
Manufactured Housing | 3 | 5,000,000 | 0.5% | ||
Total | 58 | 1,025,317,969 | 100.0% | ||
Geographic Distribution | |||||
Property Location | Number of Mortgaged Properties | Aggregate Cut-off Date Balance | % of Initial Pool Balance | ||
New York | 10 | 211,964,189 | 20.7% | ||
California | 8 | 211,080,276 | 20.6% | ||
Ohio | 5 | 142,110,000 | 13.9% | ||
New Jersey | 4 | 89,700,000 | 8.7% | ||
Georgia | 4 | 55,323,808 | 5.4% | ||
Oregon | 1 | 50,000,000 | 4.9% | ||
Indiana | 3 | 49,317,428 | 4.8% | ||
Connecticut | 1 | 29,500,000 | 2.9% | ||
Tennessee | 2 | 28,710,000 | 2.8% | ||
Missouri | 2 | 24,489,000 | 2.4% | ||
Washington | 1 | 24,000,000 | 2.3% | ||
Alabama | 3 | 16,350,000 | 1.6% | ||
Alaska | 1 | 15,917,027 | 1.6% | ||
Illinois | 1 | 14,850,000 | 1.4% | ||
Florida | 1 | 11,970,451 | 1.2% | ||
Michigan | 3 | 11,336,184 | 1.1% | ||
Massachusetts | 1 | 9,989,348 | 1.0% | ||
North Carolina | 1 | 6,579,552 | 0.6% | ||
Kentucky | 1 | 5,250,000 | 0.5% | ||
Idaho | 1 | 5,172,655 | 0.5% | ||
Minnesota | 1 | 3,490,000 | 0.3% | ||
Louisiana | 1 | 3,130,000 | 0.3% | ||
Vermont | 1 | 2,638,052 | 0.3% | ||
Colorado | 1 | 2,450,000 | 0.2% | ||
Total | 58 | 1,025,317,969 | 100.0% | ||
Distribution of Amortization Types | |||||
Range of Cut-off Balances ($) | Number of Mortgage Loans | Cut-off Date Balance | % of Initial Pool Balance | ||
Interest Only | 16 | 440,370,000 | 42.9% | ||
Interest Only, Then Amortizing | 15 | 370,956,276 | 36.2% | ||
Amortizing (30 Years) | 8 | 108,357,958 | 10.6% | ||
Interest Only ARD | 2 | 53,500,000 | 5.2% | ||
Amortizing (25 Years) | 5 | 52,133,735 | 5.1% | ||
Total | 46 | 1,025,317,969 | 100.0% |