FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-262701-03 | ||
FREE WRITING PROSPECTUS, DATED May [1], 2023
The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (“SEC”) (SEC File No. 333-262701) for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, BMO Capital Markets Corp., Barclays Capital Inc., Drexel Hamilton, LLC, Siebert Williams Shank & Co., 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.
The information in this file (the “File”) is an electronic copy of the information set forth in the Annex titled “Certain Characteristics of the Mortgage Loans and Mortgaged Properties” to the prospectus. This File does not contain all information that is required to be included in the prospectus. This File should be reviewed only in conjunction with the entire prospectus. Prospective investors are advised to read carefully, and should rely on, the prospectus relating to the certificates referred to herein in making their investment decision. Methodologies used in deriving certain information contained in this File are more fully described elsewhere in the prospectus. The information in this File should not be viewed as projections, forecasts, predictions or opinions with respect to value.
The information in this File is preliminary and may be amended and/or supplemented prior to the time of sale. The information in this File supersedes any contrary information contained in any prior File relating to the certificates and will be superseded by any contrary information contained in any subsequent File prior to the time of sale.
The securities related to this File 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 such securities in any state or other jurisdiction where such offer, solicitation or sale is not permitted. Such 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, any risk retention consultation parties, the companion loan holders (or their representatives), the underwriters or any of their respective affiliates. Neither such securities nor the underlying mortgage loans are insured or guaranteed by any governmental agency or instrumentality or private insurer.
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.
BMARK 2023-V2 |
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | % of Initial Pool Balance | % of Loan Balance | Mortgage Loan Originator | Mortgage Loan Seller | Related Group | Crossed Group | Address | City | County | State | Zip Code | General Property Type | Detailed Property Type | Year Built | Year Renovated | Number of Units | Unit of Measure | Loan Per Unit ($) | Original Balance ($) | Cut-off Date Balance ($) | Maturity/ARD Balance ($) | Interest Rate % | Administrative Fee Rate % | Net Mortgage Rate % | Monthly Debt Service (P&I) ($) | Monthly Debt Service (IO) ($) | Annual Debt Service (P&I) ($) | Annual Debt Service (IO) ($) | Amortization Type | ARD Loan (Yes / No) | Interest Accrual Method | Original Interest-Only Period (Mos.) | Remaining Interest-Only Period (Mos.) | Original Term To Maturity / ARD (Mos.) | Remaining Term To Maturity / ARD (Mos.) | Original Amortization Term (Mos.) | Remaining Amortization Term (Mos.) | Origination Date | Seasoning (Mos.) | Payment Due Date | First Payment Date | First P&I Payment Date | Maturity Date or Anticipated Repayment Date | Final Maturity Date | Grace Period - Late Fee (Days) | Grace Period - Default (Days) | Prepayment Provision | Most Recent EGI ($) | Most Recent Expenses ($) | Most Recent NOI ($) | Most Recent NOI Date | Most Recent Description | Second Most Recent EGI ($) | Second Most Recent Expenses ($) | Second Most Recent NOI ($) | Second Most Recent NOI Date | Second Most Recent Description | Third Most Recent EGI ($) | Third Most Recent Expenses ($) | Third Most Recent NOI ($) | Third Most Recent NOI Date | Third Most Recent Description | Underwritten Economic Occupancy (%) | Underwritten EGI ($) | Underwritten Expenses ($) | Underwritten Net Operating Income ($) | Underwritten Replacement / FF&E Reserve ($) | Underwritten TI / LC ($) | Underwritten Net Cash Flow ($) | Underwritten NOI DSCR (x) | Underwritten NCF DSCR (x) | Underwritten NOI Debt Yield (%) | Underwritten NCF Debt Yield (%) | Appraised Value ($) | Appraised Value Type | Appraisal Date | Cut-off Date LTV Ratio (%) | LTV Ratio at Maturity / ARD (%) | Leased Occupancy (%) | Occupancy Date | Single Tenant (Y/N) | Largest Tenant | Largest Tenant SF | Largest Tenant % of NRA | Largest Tenant Lease Expiration Date | Second Largest Tenant | Second Largest Tenant SF | Second Largest Tenant % of NRA | Second Largest Tenant Lease Expiration Date | Third Largest Tenant | Third Largest Tenant SF | Third Largest Tenant % of NRA | Third Largest Tenant Lease Expiration Date | Fourth Largest Tenant | Fourth Largest Tenant SF | Fourth Largest Tenant % of NRA | Fourth Largest Tenant Lease Expiration Date | Fifth Largest Tenant | Fifth Largest Tenant SF | Fifth Largest Tenant % of NRA | Fifth Largest Tenant Lease Expiration Date | Environmental Phase I Report Date | Environmental Phase II Report Date | Engineering Report Date | Seismic Report Date | PML or SEL (%) | Flood Zone | Ownership Interest | Ground Lease Expiration Date | Ground Lease Extension Terms | Annual Ground Lease Payment as of the Cut-off Date ($) | Annual Ground Rent Increases (Y/N) | Upfront RE Tax Reserve ($) | Monthly RE Tax Reserve ($) | Upfront Insurance Reserve ($) | Monthly Insurance Reserve ($) | Upfront Replacement / PIP Reserve ($) | Monthly Replacement / FF&E Reserve ($) | Replacement Reserve Caps ($) | Upfront TI/LC Reserve ($) | Monthly TI/LC Reserve ($) | TI/LC Caps ($) | Upfront Debt Service Reserve ($) | Monthly Debt Service Reserve ($) | Debt Service Reserve Cap ($) | Upfront Deferred Maintenance Reserve ($) | Upfront Other Reserve ($) | Monthly Other Reserve ($) | Other Reserve Description | Other Reserve Cap ($) | Holdback/ Earnout Amount ($) | Holdback/ Earnout Description | Lockbox Type | Cash Management | Excess Cash Trap Triggered by DSCR and/or Debt Yield Test (Y/N) | Tenant Specific Excess Cash Trap Trigger (Y/N) | Pari Passu (Y/N) | Pari Passu in Trust Controlling (Y/N) | Trust Pari Passu Cut-off Date Balance ($) | Non-Trust Pari Passu Companion Loan Cut-off Date Balance ($) | Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) | Total Trust and Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) | Subordinate Companion Loan Cut-off Date Balance ($) | Subordinate Companion Loan Interest Rate | Whole Loan Cut-off Date Balance ($) | Whole Loan Monthly Debt Service ($) | Whole Loan Cut-off Date LTV Ratio (%) | Whole Loan Underwritten NCF DSCR (x) | Whole Loan Underwritten NOI Debt Yield (%) | Mezzanine Debt Cut-off Date Balance($) | Mezzanine Debt Interest Rate (%) | Total Debt Cut-off Date Balance ($) | Total Debt Monthly Debt Service ($) | Total Debt Cut-off Date LTV Ratio (%) | Total Debt Underwritten NCF DSCR (x) | Total Debt Underwritten NOI Debt Yield (%) | Future Additional Debt Permitted (Y/N) | Future Debt Permitted Type | Sponsor | Non-Recourse Carveout Guarantor | Delaware Statutory Trust (Y/N) | Tenants-in-common (Y/N) | Loan Purpose | Property Located Within a Qualified Opportunity Zone (Y/N) | Sources: Loan Amount ($) | Sources: Principal's New Cash Contribution ($) | Sources: Subordinate Debt ($) | Sources: Other Sources ($) | Sources: Total Sources ($) | Uses: Loan Payoff ($) | Uses: Purchase Price ($) | Uses: Closing Costs ($) | Uses: Reserves ($) | Uses: Principal Equity Distribution ($) | Uses: Other Uses ($) | Uses: Total Uses ($) | Franchise Agreement Expiration | Underwritten ADR ($) | Underwritten RevPAR ($) | Underwritten Hotel Occupancy (%) | Most Recent ADR ($) | Most Recent RevPAR ($) | Most Recent Hotel Occupancy (%) | Second Most Recent ADR ($) | Second Most Recent RevPAR ($) | Second Most Recent Hotel Occupancy (%) | Third Most Recent ADR ($) | Third Most Recent RevPAR ($) | Third Most Recent Hotel Occupancy (%) |
1 | 2 | 2 | 3 | 4 | 4 | 5 | 6 | 6 | 6 | 6 | 6 | 4 | 4 | 9 | 7 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
1 | Loan | 7 | ICP/IRG Holdings Portfolio | 8.7% | JPMCB, 3650 REIT | JPMCB, 3650 Real Estate Investment Trust 2 LLC | NAP | NAP | Various | Various | Various | Various | Various | Various | Various | Various | Various | 4,662,982 | SF | 38.60 | 75,000,000 | 75,000,000 | 75,000,000 | 7.35000% | 0.04137% | 7.30863% | NAP | 465,755.21 | NAP | 5,589,062.52 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 4/20/2023 | 0 | 1 | 6/1/2023 | NAP | 5/1/2028 | NAP | 0 | 0 | L(24),DorYM1(30),O(6) | 25,667,400 | 9,768,107 | 15,899,293 | 1/31/2023 | T-12 | 25,431,479 | 9,747,541 | 15,683,939 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 92.9% | 28,073,041 | 8,814,659 | 19,258,383 | (90,159) | 707,920 | 18,640,621 | 1.44 | 1.39 | 10.7% | 10.4% | 317,250,000 | As Is | Various | 56.7% | 56.7% | 94.2% | 907,455 | 247,190 | 0 | Springing | 0 | 58,287 | 0 | 3,000,000 | Springing | 1,830,000 | 0 | 0 | 0 | 851,224 | 0 | 0 | NAP | 0 | 0 | NAP | Hard | Springing | Yes | Yes | Yes | Yes | 75,000,000 | 105,000,000 | 652,057.29 | 1,117,812.50 | NAP | NAP | 180,000,000 | 1,117,812.50 | 56.7% | 1.39 | 10.7% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Industrial Commercial Properties and Industrial Realty Group | Holdings Ohio, LLC and Christopher Semarjian | No | Yes | Refinance | 180,000,000 | 0 | 0 | 0 | 180,000,000 | 132,024,335 | 0 | 9,870,791 | 4,758,679 | 33,346,195 | 0 | 180,000,000 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||
1.01 | Property | 1 | Romulus - Huron | 2.2% | 25.5% | 38481 West Huron River Drive | Romulus | Wayne | Michigan | 48174 | Industrial | Manufacturing/Warehouse | 1956 | NAP | 1,112,004 | SF | 19,125,000 | 19,125,000 | 19,125,000 | 6,044,161 | 1,910,668 | 4,133,493 | 1/31/2023 | T-12 | 5,982,826 | 1,888,220 | 4,094,606 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 100.0% | 5,669,096 | 1,288,804 | 4,380,293 | (31,885) | 150,627 | 4,261,550 | 70,700,000 | As Is | 9/6/2022 | 100.0% | 3/31/2023 | No | Renaissance Global Logistics, LLC | 826,604 | 74.3% | 4/30/2025 | Home Depot U.S.A., Inc. | 285,400 | 25.7% | 1/31/2025 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 4/10/2023 | NAP | 3/29/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
1.02 | Property | 1 | Warren Perkins Jones | 2.0% | 22.5% | 541 Perkins Jones Road Northeast | Warren | Trumbull | Ohio | 44483 | Industrial | Warehouse/Distribution | 1982 | 2022 | 1,365,535 | SF | 16,875,000 | 16,875,000 | 16,875,000 | 5,542,599 | 1,663,702 | 3,878,897 | 1/31/2023 | T-12 | 5,423,911 | 1,658,112 | 3,765,799 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 99.2% | 5,932,793 | 1,612,491 | 4,320,302 | (39,154) | 148,994 | 4,210,462 | 60,900,000 | As Is | 9/6/2022 | 99.3% | 3/31/2023 | No | The Step2 Company, LLC | 586,000 | 42.9% | 11/3/2030 | The HC Companies, Inc. | 413,395 | 30.3% | 5/31/2030 | Hemasource, Inc. | 187,267 | 13.7% | 12/31/2033 | Berk Enterprises | 169,139 | 12.4% | 10/31/2025 | NAP | NAP | NAP | NAP | 4/7/2023 | NAP | 8/26/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
1.03 | Property | 1 | Cleveland American Industrial | 1.5% | 17.0% | 1 American Road | Cleveland | Cuyahoga | Ohio | 44144 | Industrial | Warehouse/Distribution | 1978 | 2022 | 1,142,265 | SF | 12,750,000 | 12,750,000 | 12,750,000 | 6,005,883 | 3,007,758 | 2,998,125 | 1/31/2023 | T-12 | 5,889,950 | 2,982,766 | 2,907,184 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 85.3% | 6,633,718 | 2,048,816 | 4,584,903 | (23,645) | 177,390 | 4,431,158 | 65,800,000 | As Is | 9/23/2022 | 85.6% | 3/31/2023 | No | Graphic Packaging International, LLC | 173,759 | 15.2% | 11/30/2025 | TRG Studios, Inc. | 156,523 | 13.7% | 7/31/2031 | Taylor Exhibition Services, Inc. | 100,773 | 8.8% | 7/31/2027 | Inogen, Inc | 93,634 | 8.2% | 9/30/2024 | American Greetings | 90,446 | 7.9% | 6/29/2024 | 4/7/2023 | NAP | 3/29/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
1.04 | Property | 1 | Cleveland American Office | 1.3% | 14.5% | 100 American Road | Cleveland | Cuyahoga | Ohio | 44144 | Office | Suburban | 1978 | 2020 | 344,355 | SF | 10,875,000 | 10,875,000 | 10,875,000 | 4,736,522 | 1,681,765 | 3,054,757 | 1/31/2023 | T-12 | 4,731,453 | 1,655,425 | 3,076,028 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 100.0% | 5,124,002 | 2,042,870 | 3,081,132 | 24,562 | 100,793 | 2,955,777 | 46,600,000 | As Is | 9/23/2022 | 100.0% | 3/31/2023 | Yes | Medical Mutual of Ohio | 344,355 | 100.0% | 12/31/2035 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 4/7/2023 | NAP | 8/29/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
1.05 | Property | 1 | Miles North Randall | 1.1% | 13.0% | 21201 Miles Road | North Randall | Cuyahoga | Ohio | 44128 | Industrial | Warehouse/Distribution | 2021 | NAP | 302,400 | SF | 9,750,000 | 9,750,000 | 9,750,000 | 1,449,373 | 1,074,383 | 374,990 | 1/31/2023 | T-12 | 1,509,218 | 1,137,995 | 371,224 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 68.3% | 2,056,816 | 1,067,776 | 989,040 | (8,671) | 60,694 | 937,017 | 39,000,000 | As Is | 9/2/2022 | 68.5% | 3/31/2023 | No | Pipeline Packaging Co. | 207,132 | 68.5% | 4/30/2029 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 4/7/2023 | NAP | 8/29/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | Yes | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
1.06 | Property | 1 | Invacare | 0.5% | 6.0% | 1166 and 1200 Taylor Street and 39400 Taylor Parkway | Elyria | Lorain | Ohio | 44035 | Industrial | Flex | 1972, 1980, 1986, 1989, 1991, 1993, 1997 | 2013 | 301,000 | SF | 4,500,000 | 4,500,000 | 4,500,000 | 1,470,641 | 12,136 | 1,458,505 | 1/31/2023 | T-12 | 1,460,849 | 18,048 | 1,442,801 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 100.0% | 2,043,114 | 474,043 | 1,569,071 | (8,631) | 43,336 | 1,534,365 | 30,100,000 | As Is | 9/2/2022 | 100.0% | 3/31/2023 | Yes | Invacare Corporation | 301,000 | 100.0% | 4/30/2035 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 4/10/2023 | NAP | 4/4/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
1.07 | Property | 1 | Stop Eight Vandalia | 0.1% | 1.5% | 3345 Stop Eight Road | Dayton | Montgomery | Ohio | 45414 | Industrial | Warehouse/Distribution | 1970 | 2020 | 95,423 | SF | 1,125,000 | 1,125,000 | 1,125,000 | 418,221 | 417,695 | 526 | 1/31/2023 | T-12 | 433,272 | 406,975 | 26,297 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 100.0% | 613,502 | 279,859 | 333,643 | (2,736) | 26,087 | 310,292 | 4,150,000 | As Is | 9/1/2022 | 100.0% | 3/31/2023 | No | AMERI AmeriWater, LLC | 65,057 | 68.2% | 9/24/2025 | L&W Supply | 30,366 | 31.8% | 5/31/2035 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 4/10/2023 | NAP | 8/26/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2 | Loan | 2 | Austin Multifamily Portfolio | 8.7% | CREFI | CREFI | NAP | NAP | Various | Austin | Travis | Texas | 78753 | Multifamily | Garden | Various | 2019-2022 | 840 | Units | 130,952.38 | 75,000,000 | 75,000,000 | 75,000,000 | 7.37000% | 0.01578% | 7.35422% | NAP | 467,022.57 | NAP | 5,604,270.84 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 4/21/2023 | 0 | 6 | 6/6/2023 | NAP | 5/6/2028 | NAP | 0 | 0 | L(24),D(32),O(4) | 15,842,006 | 5,559,308 | 10,282,697 | 3/31/2023 | T-3 Ann | 10,889,433 | 5,399,051 | 5,490,382 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 95.0% | 15,971,152 | 5,778,518 | 10,192,634 | 210,000 | 0 | 9,982,634 | 1.24 | 1.21 | 9.3% | 9.1% | 187,000,000 | As Is | 3/27/2023 | 58.8% | 58.8% | 96.0% | 832,492 | 166,498 | 0 | Springing | 0 | 17,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 458,628 | 0 | 0 | Debt Yield Reserve | 0 | 0 | NAP | Springing | Springing | Yes | No | Yes | Yes | 75,000,000 | 35,000,000 | 217,943.87 | 684,966.44 | NAP | NAP | 110,000,000 | 684,966.44 | 58.8% | 1.21 | 9.3% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Wesley Ivan Keller, Nathan Ivan Keller and Jonathan Sheffield Keller | Wesley Ivan Keller, Nathan Ivan Keller and Jonathan Sheffield Keller | No | No | Refinance | 110,000,000 | 0 | 0 | 0 | 110,000,000 | 84,804,226 | 0 | 1,843,610 | 1,291,119 | 22,061,044 | 0 | 110,000,000 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||
2.01 | Property | 1 | Starburst Apartments | 5.2% | 60.0% | 8800 North Interstate Highway 35 | Austin | Travis | Texas | 78753 | Multifamily | Garden | 1983 | 2019-2022 | 504 | Units | 45,000,000 | 45,000,000 | 45,000,000 | 9,065,128 | 3,282,686 | 5,782,442 | 3/31/2023 | T-3 Ann | 6,429,614 | 3,276,271 | 3,153,343 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 95.0% | 9,254,352 | 3,488,215 | 5,766,137 | 126,000 | 0 | 5,640,137 | 113,000,000 | As Is | 3/27/2023 | 95.2% | 3/17/2023 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/29/2023 | NAP | 3/29/2023 | NAP | NAP | Yes - AE | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2.02 | Property | 1 | Orbit Apartments | 3.5% | 40.0% | 8900 North Interstate Highway 35 | Austin | Travis | Texas | 78753 | Multifamily | Garden | 1981 | 2019-2022 | 336 | Units | 30,000,000 | 30,000,000 | 30,000,000 | 6,776,878 | 2,276,623 | 4,500,255 | 3/31/2023 | T-3 Ann | 4,459,819 | 2,122,780 | 2,337,039 | 12/31/2022 | T-12 | 3,533,774 | 2,183,597 | 1,350,177 | 12/31/2021 | T-12 | 95.0% | 6,716,800 | 2,290,303 | 4,426,498 | 84,000 | 0 | 4,342,498 | 74,000,000 | As Is | 3/27/2023 | 97.0% | 3/17/2023 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/29/2023 | NAP | 3/29/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3 | Loan | 1 | Cumberland Mall | 7.6% | 100.0% | DBNY, MSBNA, BMO | GACC, BMO | Group 1 | NAP | 2860 Cumberland Mall Southeast | Atlanta | Cobb | Georgia | 30339 | Retail | Super Regional Mall | 1973 | 2006-2016 | 709,318 | SF | 253.76 | 65,000,000 | 65,000,000 | 65,000,000 | 7.87000% | 0.01578% | 7.85422% | NAP | 432,212.38 | NAP | 5,186,548.56 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 4/14/2023 | 0 | 1 | 6/1/2023 | NAP | 5/1/2028 | NAP | 0 | 0 | L(24),D(32),O(4) | 32,341,156 | 8,275,516 | 24,065,640 | 1/31/2023 | T-12 | 32,192,386 | 7,869,157 | 24,323,229 | 12/31/2022 | T-12 | 30,319,446 | 7,094,622 | 23,224,824 | 12/31/2021 | T-12 | 96.5% | 32,871,677 | 8,090,891 | 24,780,787 | 177,330 | 739,588 | 23,863,869 | 1.73 | 1.66 | 13.8% | 13.3% | 368,000,000 | As Is | 2/28/2023 | 48.9% | 48.9% | 98.7% | 3/31/2023 | No | Costco | 147,409 | 20.8% | 11/30/2026 | Round 1 Bowling & Amusement | 83,600 | 11.8% | 2/28/2031 | Dick's Sporting Goods | 70,984 | 10.0% | 1/31/2031 | Forever 21 | 25,748 | 3.6% | 1/31/2027 | H&M | 24,655 | 3.5% | 1/31/2032 | 3/1/2023 | NAP | 3/1/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 0 | Springing | 353,853 | 1,987,019 | Springing | 1,415,412 | 0 | 0 | 0 | 0 | 267,919 | 0 | Gap Rent Reserve | 0 | 0 | NAP | Hard | Springing | Yes | Yes | Yes | Yes | 65,000,000 | 115,000,000 | 764,683.45 | 1,196,895.83 | NAP | NAP | 180,000,000 | 1,196,895.83 | 48.9% | 1.66 | 13.8% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | BPR Nimbus LLC | BPR Nimbus LLC | No | No | Refinance | No | 180,000,000 | 0 | 0 | 0 | 180,000,000 | 160,491,051 | 0 | 1,638,600 | 2,254,938 | 15,615,412 | 0 | 180,000,000 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
4 | Loan | 1 | Harborside 2-3 | 7.6% | 100.0% | CREFI, BMO | CREFI, BMO | NAP | NAP | 200-210 Hudson Street | Jersey City | Hudson | New Jersey | 07311 | Office | CBD | 1930 | 2021 | 1,599,029 | SF | 140.71 | 65,000,000 | 65,000,000 | 65,000,000 | 5.84000% | 0.01578% | 5.82422% | NAP | 320,726.85 | NAP | 3,848,722.20 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 4/4/2023 | 1 | 6 | 5/6/2023 | NAP | 4/6/2028 | NAP | 0 | 0 | L(25),D(28),O(7) | 49,314,096 | 17,827,217 | 31,486,880 | 12/31/2022 | T-12 | 47,450,874 | 18,047,218 | 29,403,655 | 12/31/2021 | T-12 | 44,617,062 | 18,489,525 | 26,127,537 | 12/31/2020 | T-12 | 74.5% | 51,753,039 | 18,582,167 | 33,170,872 | 319,806 | 1,387,420 | 31,463,647 | 2.49 | 2.36 | 14.7% | 14.0% | 396,000,000 | As Is | 2/7/2023 | 56.8% | 56.8% | 75.1% | 3/22/2023 | No | MUFG Bank Ltd. | 137,076 | 8.6% | 8/31/2029 | E-Trade Financial Corporation | 132,265 | 8.3% | 1/31/2031 | Collectors Universe | 130,419 | 8.2% | 11/30/2038 | Sumitomo Mitsui Banking | 111,605 | 7.0% | 12/31/2036 | Arch Insurance Company | 106,815 | 6.7% | 5/31/2024 | 3/24/2023 | NAP | 3/3/2023 | NAP | NAP | Yes - AE | Fee | NAP | NAP | NAP | NAP | 696,822 | 696,822 | 272,774 | 136,387 | 8,000,000 | 26,650 | 0 | 15,000,000 | Springing | 15,000,000 | 0 | 0 | 0 | 0 | 40,614,319 | 0 | Sea Wall Repair Reserve ($25,000,000), Unfunded Obligations Reserve ($14,195,734), Elevator Modernization Reserve ($1,418,585.35) | 0 | 0 | NAP | Hard | Springing | Yes | No | Yes | Yes | 65,000,000 | 160,000,000 | 789,481.48 | 1,110,208.33 | NAP | NAP | 225,000,000 | 1,110,208.33 | 56.8% | 2.36 | 14.7% | 55,000,000 | 10.50000% | 280,000,000 | 1,598,142.36 | 70.7% | 1.64 | 11.8% | Yes | Mezzanine only permitted in connection with the assumption of the Mortgage Loan and simultaneous repayment of the Mezzanine Loan (Max Combined LTV of 75.0%; Min Combined DSCR of 1.25x; Min Mortgage DSCR of 1.81x; Intercreditor Agreement is required) | Mark Karasick and Michael Silberberg | Mark Karasick and Michael Silberberg | No | Yes | Acquisition | No | 225,000,000 | 119,820,041 | 74,000,000 | 49,633,468 | 468,453,509 | 0 | 377,000,000 | 26,869,593 | 64,583,916 | 0 | 0 | 468,453,509 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
5 | Loan | 1 | Soho Warehouse | 7.3% | 100.0% | DBRI | GACC | NAP | NAP | 1000 South Santa Fe Avenue | Los Angeles | Los Angeles | California | 90021 | Mixed Use | Retail/Hospitality | 1917 | 2019 | 80,587 | SF | 781.76 | 63,000,000 | 63,000,000 | 60,247,365 | 7.82950% | 0.01578% | 7.81372% | 454,805.67 | NAP | 5,457,668.04 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 60 | 60 | 360 | 360 | 4/17/2023 | 0 | 6 | 6/6/2023 | 6/6/2023 | 5/6/2028 | NAP | 0 | 0 | L(24),D(23),O(13) | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 8,206,077 | 951,782 | 7,254,294 | 56,646 | 0 | 7,197,648 | 1.33 | 1.32 | 11.5% | 11.4% | 114,000,000 | As Is | 3/8/2023 | 55.3% | 52.8% | 100.0% | 5/6/2023 | Yes | LA 1000 Santa Fe, LLC | 80,587 | 100.0% | 4/30/2041 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/10/2023 | NAP | 3/10/2023 | 3/10/2023 | 17% | No | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 0 | Springing | 0 | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | NAP | 0 | 0 | NAP | Hard | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | James G. Dinan and Daniel A. Schwartz | Gerard Alexander Sponsor LLC | No | No | Refinance | No | 63,000,000 | 5,125,515 | 0 | 0 | 68,125,515 | 65,711,971 | 0 | 2,413,544 | 0 | 0 | 0 | 68,125,515 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
6 | Loan | 1 | 400 West 14th Street | 7.0% | 100.0% | GSBI | GSMC | NAP | NAP | 400 West 14th Street | New York | New York | New York | 10014 | Mixed Use | Office/Retail | 1886 | 2021-2023 | 23,250 | SF | 2,580.65 | 60,000,000 | 60,000,000 | 60,000,000 | 6.08000% | 0.11578% | 5.96422% | NAP | 308,222.22 | NAP | 3,698,666.64 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 4/28/2023 | 0 | 6 | 6/6/2023 | NAP | 5/6/2028 | NAP | 0 | 0 | L(24),YM1(29),O(7) | 2,583,186 | 987,815 | 1,595,371 | 2/28/2023 | T-12 | 1,911,781 | 965,244 | 946,537 | 12/31/2022 | T-12 | 2,055,124 | 987,540 | 1,067,584 | 12/31/2021 | T-12 | 96.6% | 6,848,183 | 1,132,761 | 5,715,422 | 4,883 | 68,656 | 5,641,884 | 1.55 | 1.53 | 9.5% | 9.4% | 93,000,000 | As Is | 3/21/2023 | 64.5% | 64.5% | 100.0% | 4/26/2023 | No | Identity Media | 9,500 | 40.9% | 9/30/2024 | Gucci | 9,250 | 39.8% | 2/13/2033 | Barry Callebaut USA | 4,500 | 19.4% | 7/31/2032 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 4/4/2023 | NAP | 4/4/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 348,302 | 58,910 | 0 | Springing | 0 | 484 | 0 | 0 | 2,906 | 0 | 0 | 0 | 0 | 0 | 1,414,000 | 0 | Unfunded Obligations Reserve | 0 | 0 | NAP | Hard | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Steven Feldman, Gary Feldman and Irving Feldman | Steven Feldman, Gary Feldman and Irving Feldman | No | No | Refinance | No | 60,000,000 | 0 | 0 | 0 | 60,000,000 | 53,109,441 | 0 | 4,059,298 | 1,762,302 | 1,068,959 | 0 | 60,000,000 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
7 | Loan | 1 | Green Acres | 5.8% | 100.0% | GSBI, MSBNA, BMO, DBRI | GSMC, BMO, GACC | Group 2 | NAP | 2034 Green Acres Road | Valley Stream | Nassau | New York | 11581 | Retail | Regional Mall | 1956, 2016 | 1982, 2006, 2007 | 2,081,286 | SF | 177.77 | 50,000,000 | 50,000,000 | 50,000,000 | 5.89900% | 0.01578% | 5.88322% | NAP | 249,205.44 | NAP | 2,990,465.28 | Interest Only | No | Actual/360 | 60 | 56 | 60 | 56 | 0 | 0 | 1/3/2023 | 4 | 6 | 2/6/2023 | NAP | 1/6/2028 | NAP | 5 | 0 | L(28),YM1(27),O(5) | 76,986,549 | 31,812,161 | 45,174,388 | 9/30/2022 | T-12 | 76,903,875 | 30,285,085 | 46,618,790 | 12/31/2021 | T-12 | 69,008,722 | 28,007,136 | 41,001,586 | 12/31/2020 | T-12 | 96.2% | 83,514,884 | 35,580,356 | 47,934,528 | 455,855 | 1,113,906 | 46,364,767 | 2.17 | 2.10 | 13.0% | 12.5% | 679,000,000 | As Is | 10/30/2022 | 54.5% | 54.5% | 97.7% | 12/12/2022 | No | Macy's | 390,503 | 18.8% | 8/18/2026 | Walmart | 173,450 | 8.3% | 8/31/2028 | SEARS | 144,537 | 6.9% | 10/31/2028 | BJ's Wholesale Club | 127,750 | 6.1% | 1/31/2027 | KOHL'S | 116,392 | 5.6% | 1/31/2031 | 12/20/2022 | NAP | 12/20/2022 | NAP | NAP | Yes - AE | Fee / Leasehold | 8/12/2026 | 2, 6-year extension options | 1,080,000 | No | 0 | Springing | 0 | Springing | 0 | Springing | 619,992 | 4,068,135 | 0 | 0 | 0 | 0 | 0 | 0 | 743,644 | Springing | Gap Rent Reserve (Upfront: $743,643.75), Rollover Reserve (Monthly: Springing) | Rollover Reserve: $2,094,342 | 0 | NAP | Hard | Springing | Yes | Yes | Yes | Yes | 50,000,000 | 320,000,000 | 1,594,914.81 | 1,844,120.25 | NAP | NAP | 370,000,000 | 1,844,120.25 | 54.5% | 2.10 | 13.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | The Macerich Partnership, L.P. | The Macerich Partnership, L.P. | No | No | Refinance | No | 370,000,000 | 11,744,495 | 0 | 0 | 381,744,495 | 364,192,834 | 0 | 12,739,883 | 4,811,779 | 0 | 0 | 381,744,495 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
8 | Loan | 1 | Heritage Plaza | 4.7% | 100.0% | GSBI, MSBNA | GSMC | Group 1 | NAP | 1111 and 1200 Bagby Street | Houston | Harris | Texas | 77002 | Office | CBD | 1986 | 2021 | 1,158,165 | SF | 148.51 | 40,000,000 | 40,000,000 | 40,000,000 | 7.63000% | 0.03953% | 7.59047% | NAP | 257,865.74 | NAP | 3,094,388.88 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 4/13/2023 | 0 | 6 | 6/6/2023 | NAP | 5/6/2028 | NAP | 5 | 0 | YM1(24),DorYM1(29),O(7) | 47,511,670 | 19,723,321 | 27,788,349 | 12/31/2022 | T-12 | 41,405,549 | 22,550,623 | 18,854,926 | 12/31/2021 | T-12 | 46,993,596 | 19,123,848 | 27,869,748 | 12/31/2020 | T-12 | 69.1% | 43,938,879 | 22,147,467 | 21,791,413 | 364,421 | 871,468 | 20,555,523 | 1.64 | 1.54 | 12.7% | 12.0% | 521,800,000 | As Is | 2/1/2023 | 33.0% | 33.0% | 70.1% | 2/28/2023 | No | EOG Resources Inc. | 376,333 | 32.5% | 3/31/2035 | Deloitte LLP | 205,125 | 17.7% | 2/28/2031 | Perella Weinberg Partners Group LP | 63,446 | 5.5% | 8/31/2027 | Lime Rock Management LP | 56,984 | 4.9% | 3/31/2024 | S&P Global Inc. | 28,560 | 2.5% | 2/28/2029 | 2/9/2023 | NAP | 2/8/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 0 | 19,303 | 231,636 | 5,000,000 | 144,771 | 10,000,000 | 0 | 0 | 0 | 0 | 10,489,446 | 0 | Outstanding TI/LC Reserve ($10,303,667), Free Rent Reserve ($185,778.77) | 0 | 0 | NAP | Hard | Springing | Yes | Yes | Yes | No | 40,000,000 | 132,000,000 | 850,956.95 | 1,108,822.69 | NAP | NAP | 172,000,000 | 1,108,822.69 | 33.0% | 1.54 | 12.7% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Mezzanine (Max Combined LTV of 33.0%; Min Combined Debt Yield of 12.67%; Intercreditor Agreement is required) | AEW CPT REIT, LLC, AEW Core Property (U.S.), L.P., Brookfield Office Properties Inc. and Brookfield Property Partners, L.P. | Brookfield Properties Investor LLC | No | No | Refinance | Yes | 172,000,000 | 5,793,688 | 0 | 0 | 177,793,688 | 156,217,116 | 0 | 6,087,126 | 15,489,446 | 0 | 0 | 177,793,688 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
9 | Loan | 1 | Tudor Wharf (Leasehold) | 4.4% | 100.0% | BMO | BMO | Group 3 | NAP | 34-44 Charles River Avenue | Charlestown | Suffolk | Massachusetts | 02129 | Hospitality | Extended Stay | 2003 | 2013 | 168 | Rooms | 224,404.76 | 37,700,000 | 37,700,000 | 37,700,000 | 7.99000% | 0.01578% | 7.97422% | NAP | 254,505.54 | NAP | 3,054,066.48 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 4/25/2023 | 0 | 6 | 6/6/2023 | NAP | 5/6/2028 | NAP | 0 | 0 | L(24),D(31),O(5) | 13,723,007 | 8,027,088 | 5,695,919 | 3/31/2023 | T-12 | 13,105,210 | 7,626,423 | 5,478,787 | 12/31/2022 | T-12 | 8,580,966 | 6,135,826 | 2,445,139 | 12/31/2021 | T-12 | 78.2% | 13,723,007 | 8,491,634 | 5,231,373 | 548,920 | 0 | 4,682,453 | 1.71 | 1.53 | 13.9% | 12.4% | 65,000,000 | As Is | 2/13/2023 | 58.0% | 58.0% | 78.2% | 3/31/2023 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/17/2023 | NAP | 2/17/2023 | NAP | NAP | Yes - AE | Leasehold | 2/29/2088 | None | 800,000 | No | 152,365 | 76,183 | 0 | Springing | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10,350,000 | 66,667 | PIP Reserve (Upfront: $9,950,000; Monthly: Springing), Ground Lease Reserve (Upfront: $400,000; Monthly: $66,666.67), Seasonality Reserve (Monthly: Springing) | 0 | 0 | NAP | Hard | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Warren Q. Fields, Richard M. Kelleher and James R. Dina | Warren Q. Fields and Richard M. Kelleher | No | No | Refinance | No | 37,700,000 | 6,350,340 | 0 | 0 | 44,050,340 | 32,610,217 | 0 | 937,758 | 10,502,365 | 0 | 0 | 44,050,340 | 5/30/2028 | 271.95 | 212.64 | 78.2% | 271.95 | 212.64 | 78.2% | 271.07 | 203.20 | 75.0% | 200.34 | 131.38 | 65.6% | |
10 | Loan | 1 | Encino Target | 4.3% | 100.0% | 3650 Real Estate Investment Trust 2 LLC | 3650 Real Estate Investment Trust 2 LLC | NAP | NAP | 17401 Ventura Boulevard | Encino | Los Angeles | California | 91316 | Retail | Anchored | 1989 | 2021 | 104,943 | SF | 349.05 | 36,630,000 | 36,630,000 | 36,630,000 | 6.32000% | 0.06500% | 6.25500% | NAP | 195,597.42 | NAP | 2,347,169.04 | Interest Only | No | Actual/360 | 60 | 58 | 60 | 58 | 0 | 0 | 3/2/2023 | 2 | 5 | 4/5/2023 | NAP | 3/5/2028 | NAP | 0 | 0 | L(12),YM1(14),DorYM1(30),O(4) | 4,891,768 | 1,411,662 | 3,480,106 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 97.0% | 4,947,162 | 1,473,645 | 3,473,517 | 20,989 | 79,943 | 3,372,585 | 1.48 | 1.44 | 9.5% | 9.2% | 56,000,000 | As Is | 12/15/2022 | 65.4% | 65.4% | 100.0% | 1/1/2023 | No | Target | 49,420 | 47.1% | 1/31/2033 | Planet Fitness | 20,911 | 19.9% | 10/31/2036 | Salon Republic | 6,246 | 6.0% | 1/15/2035 | Butterly Loft | 4,061 | 3.9% | 9/30/2024 | Spectrum | 3,565 | 3.4% | 5/31/2026 | 2/16/2023 | NAP | 12/23/2022 | 2/17/2023 | 13% | No | Fee | NAP | NAP | NAP | NAP | 0 | 30,607 | 6,235 | 6,235 | 18,125 | 1,750 | 75,000 | 250,000 | Springing | 250,000 | 0 | 0 | 0 | 18,125 | 0 | 0 | NAP | 0 | 0 | NAP | Hard | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Eran Bitton and Doron Kadosh | Eran Bitton and Doron Kadosh | No | No | Acquisition | No | 36,630,000 | 20,222,303 | 0 | 0 | 56,852,303 | 0 | 55,500,000 | 1,059,818 | 292,485 | 0 | 0 | 56,852,303 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
11 | Loan | 1 | Scottsdale Fashion Square | 4.1% | 100.0% | GSBI, DBNY | GSMC, GACC | Group 2 | NAP | 7014 East Camelback Road | Scottsdale | Maricopa | Arizona | 85251 | Retail | Super Regional Mall | 1961, 1977, 1982, 1992, 1996, 2006, 2015 | 1991, 2017-2020, 2023-2024 | 1,555,459 | SF | 450.03 | 35,000,000 | 35,000,000 | 35,000,000 | 6.21425% | 0.01978% | 6.19447% | NAP | 183,766.30 | NAP | 2,205,195.60 | Interest Only | No | Actual/360 | 60 | 58 | 60 | 58 | 0 | 0 | 3/3/2023 | 2 | 6 | 4/6/2023 | NAP | 3/6/2028 | NAP | 5 | 0 | L(26),DorYM1(27),O(7) | 97,949,617 | 17,988,634 | 79,960,983 | 12/31/2022 | T-12 | 85,107,087 | 17,534,916 | 67,572,171 | 12/31/2021 | T-12 | 73,178,391 | 17,139,268 | 56,039,123 | 12/31/2020 | T-12 | 95.0% | 105,121,522 | 18,973,779 | 86,147,743 | 327,531 | 1,009,838 | 84,810,375 | 1.95 | 1.92 | 12.3% | 12.1% | 1,825,000,000 | As Is | 1/4/2023 | 38.4% | 38.4% | 96.0% | 12/2/2022 | No | Macy's | 235,899 | 15.2% | 1/31/2030 | Nordstrom | 225,000 | 14.5% | 2/28/2029 | Neiman Marcus | 100,071 | 6.4% | 10/18/2031 | Harkins Theatres | 81,177 | 5.2% | 1/31/2031 | DICK'S Sporting Goods | 50,646 | 3.3% | 1/31/2026 | 2/13/2023 | NAP | 2/13/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 0 | Springing | 402,666 | 0 | Springing | 1,651,332 | 0 | 0 | 0 | 0 | 14,539,077 | 0 | Outstanding TI/LC Reserve ($10,222,200), Gap Rent Reserve ($4,316,877) | 0 | 0 | NAP | Hard | Springing | Yes | No | Yes | No | 35,000,000 | 665,000,000 | 3,491,559.80 | 3,675,326.10 | NAP | NAP | 700,000,000 | 3,675,326.10 | 38.4% | 1.92 | 12.3% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | The Macerich Partnership, L.P. and Institutional Mall Investors LLC | The Macerich Partnership, L.P. and Institutional Mall Investors LLC | No | No | Refinance | No | 700,000,000 | 0 | 0 | 0 | 700,000,000 | 404,875,080 | 0 | 1,932,303 | 14,539,077 | 278,653,540 | 0 | 700,000,000 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
12 | Loan | 3 | KY & MN Warehouse Distribution Portfolio | 3.8% | 3650 Real Estate Investment Trust 2 LLC | 3650 Real Estate Investment Trust 2 LLC | NAP | NAP | Various | Various | Various | Various | Various | Industrial | Various | Various | Various | 741,140 | SF | 44.61 | 33,061,300 | 33,061,300 | 33,061,300 | 6.68500% | 0.06500% | 6.62000% | NAP | 186,737.03 | NAP | 2,240,844.36 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 4/10/2023 | 0 | 5 | 6/5/2023 | NAP | 5/5/2028 | NAP | 0 | 0 | L(24),DorYM1(29),O(7) | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 5,218,690 | 821,278 | 4,397,412 | 111,171 | 0 | 4,286,241 | 1.96 | 1.91 | 13.3% | 13.0% | 70,100,000 | As Is | Various | 47.2% | 47.2% | 100.0% | 0 | Springing | 0 | Springing | 0 | 9,264 | 75,000 | 0 | Springing | 3,000,000 | 0 | 0 | 0 | 33,750 | 0 | 0 | NAP | 0 | 0 | NAP | Hard | In Place | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Michael K. Press | Michael K. Press | No | No | Acquisition | 33,061,300 | 17,308,916 | 0 | 0 | 50,370,216 | 0 | 48,000,000 | 2,336,466 | 33,750 | 0 | 0 | 50,370,216 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||
12.01 | Property | 1 | 4813 Nashville | 1.8% | 46.4% | 4813 Nashville Road | Bowling Green | Warren | Kentucky | 42101 | Industrial | Warehouse/Distribution | 2015 | NAP | 341,150 | SF | 15,350,000 | 15,350,000 | 15,350,000 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 32,300,000 | As Is | 2/9/2023 | 100.0% | 5/5/2023 | Yes | iMedia Brands, Inc. | 341,150 | 100.0% | 4/30/2048 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 12/7/2022 | NAP | 12/7/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
12.02 | Property | 1 | 4811 Nashville | 1.4% | 35.4% | 4811 Nashville Road | Bowling Green | Warren | Kentucky | 42101 | Industrial | Warehouse/Distribution | 1990 | 2015 | 260,800 | SF | 11,711,000 | 11,711,000 | 11,711,000 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 24,700,000 | As Is | 2/9/2023 | 100.0% | 5/5/2023 | Yes | iMedia Brands, Inc. | 260,800 | 100.0% | 4/30/2048 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 12/6/2022 | NAP | 12/6/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
12.03 | Property | 1 | 6740 Shady Oak | 0.7% | 18.1% | 6740 Shady Oak Road | Eden Prairie | Hennepin | Minnesota | 55344 | Industrial | Flex | 1981 | 2021 | 139,190 | SF | 6,000,300 | 6,000,300 | 6,000,300 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 13,100,000 | As Is | 2/8/2023 | 100.0% | 5/5/2023 | Yes | iMedia Brands, Inc. | 139,190 | 100.0% | 4/30/2048 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/24/2023 | NAP | 12/2/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
13 | Loan | 1 | Showboat Apartments | 3.8% | 100.0% | 3650 Real Estate Investment Trust 2 LLC | 3650 Real Estate Investment Trust 2 LLC | NAP | NAP | 801 Boardwalk | Atlantic City | Atlantic | New Jersey | 08401 | Multifamily | High Rise | 2003 | 2020 | 255 | Units | 129,411.76 | 33,000,000 | 33,000,000 | 33,000,000 | 6.82000% | 0.06500% | 6.75500% | NAP | 190,154.86 | NAP | 2,281,858.32 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 3/15/2023 | 1 | 5 | 5/5/2023 | NAP | 4/5/2028 | NAP | 0 | 0 | L(25),D(31),O(4) | 4,914,967 | 1,169,590 | 3,745,377 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 5,832,534 | 1,384,365 | 4,448,169 | 63,750 | 0 | 4,384,419 | 1.95 | 1.92 | 13.5% | 13.3% | 65,700,000 | As Is | 1/17/2023 | 50.2% | 50.2% | 95.7% | 1/1/2023 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/10/2023 | NAP | 1/31/2023 | NAP | NAP | Yes - AE | Fee | NAP | NAP | NAP | NAP | 13,963 | 6,981 | 26,130 | 2,178 | 0 | 5,313 | 191,250 | 0 | 0 | 0 | 0 | 0 | 0 | 529,688 | 295,227 | Springing | Cozy Suites Reserve | 295,227 | 0 | NAP | Hard | In Place | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 12,000,000 | 12.00000% | 45,000,000 | 311,821.53 | 68.5% | 1.17 | 9.9% | No | NAP | Bart Blatstein | Bart Blatstein | No | No | Refinance | No | 33,000,000 | 0 | 12,000,000 | 0 | 45,000,000 | 24,388,664 | 0 | 2,679,275 | 865,008 | 17,067,053 | 0 | 45,000,000 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
14 | Loan | 1 | Motel 6 Tropicana | 2.6% | 100.0% | BCREI | Barclays | NAP | NAP | 195 East Tropicana Avenue | Las Vegas | Clark | Nevada | 89109 | Hospitality | Limited Service | 1971 | 2015-2021 | 306 | Rooms | 74,346.41 | 22,750,000 | 22,750,000 | 21,951,392 | 7.79153% | 0.01578% | 7.77575% | 160,604.91 | NAP | 1,927,258.94 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 60 | 60 | 360 | 360 | 4/13/2023 | 0 | 6 | 6/6/2023 | 6/6/2023 | 5/6/2028 | NAP | 0 | 0 | L(24),D(29),O(7) | 9,208,070 | 4,996,232 | 4,211,838 | 3/31/2023 | T-12 | 8,824,511 | 5,104,073 | 3,720,438 | 12/31/2022 | T-12 | 7,955,462 | 4,353,238 | 3,602,224 | 12/31/2021 | T-12 | 85.2% | 9,208,070 | 4,982,679 | 4,225,391 | 368,323 | 0 | 3,857,068 | 2.19 | 2.00 | 18.6% | 17.0% | 44,300,000 | As Is (Extraordinary Assumption) | 3/13/2023 | 51.4% | 49.6% | 85.2% | 3/31/2023 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/28/2023 | NAP | 3/27/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 9,902 | 9,902 | 0 | Springing | 0 | 30,694 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,241,136 | 0 | PIP Reserve | 0 | 0 | NAP | Hard | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 5,000,000 | 13.00000% | 27,750,000 | 217,912.96 | 62.6% | 1.48 | 15.2% | No | NAP | Jagmohan Dhillon | Jagmohan Dhillon | No | No | Refinance | No | 22,750,000 | 3,037,900 | 5,000,000 | 0 | 30,787,900 | 28,665,513 | 0 | 871,349 | 1,251,038 | 0 | 0 | 30,787,900 | 3/16/2037 | 95.66 | 81.47 | 85.2% | 95.66 | 81.47 | 85.2% | 92.73 | 78.23 | 84.4% | 85.25 | 70.60 | 82.8% | |
15 | Loan | 1 | PetSmart HQ | 2.6% | 100.0% | 3650 Real Estate Investment Trust 2 LLC | 3650 Real Estate Investment Trust 2 LLC | NAP | NAP | 19601 North 27th Avenue | Phoenix | Maricopa | Arizona | 85027 | Office | Suburban | 1997 | 2008 | 365,672 | SF | 185.96 | 22,350,000 | 22,350,000 | 22,350,000 | 4.28000% | 0.06500% | 4.21500% | NAP | 80,822.15 | NAP | 969,865.80 | Interest Only | No | Actual/360 | 84 | 59 | 84 | 59 | 0 | 0 | 3/31/2021 | 25 | 5 | 5/5/2021 | NAP | 4/5/2028 | NAP | 0 | 0 | L(40),D(40),O(4) | 11,412,304 | 3,353,222 | 8,059,082 | 12/31/2020 | T-12 | 13,654,879 | 1,656,081 | 11,998,799 | 12/31/2019 | T-12 | 13,618,149 | 1,336,267 | 12,281,882 | 12/31/2018 | T-12 | 92.5% | 10,582,368 | 3,449,559 | 7,132,809 | 102,388 | 365,672 | 6,664,749 | 2.42 | 2.26 | 10.5% | 9.8% | 110,500,000 | As Is | 3/10/2021 | 61.5% | 61.5% | 100.0% | 5/5/2023 | Yes | PetSmart Home Office, Inc. | 365,672 | 100.0% | 3/31/2032 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/15/2021 | NAP | 3/15/2021 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 0 | 8,532 | 0 | 0 | 30,473 | 0 | 0 | 0 | 0 | 146,929 | 9,141,800 | 0 | PetSmart TI Reserve | 0 | 0 | NAP | Hard | In Place | Yes | Yes | Yes | No | 22,350,000 | 45,650,000 | 165,079.70 | 245,901.85 | NAP | NAP | 68,000,000 | 245,901.85 | 61.5% | 2.26 | 10.5% | 12,000,000 | 12.00000% | 80,000,000 | 367,568.52 | 72.4% | 1.51 | 8.9% | No | NAP | Walter C. Bowen | Walter C. Bowen | No | No | Acquisition | No | 68,000,000 | 41,555,271 | 12,000,000 | 0 | 121,555,271 | 0 | 110,000,000 | 2,266,543 | 9,288,729 | 0 | 0 | 121,555,271 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
16 | Loan | 5 | National Warehouse & Distribution Portfolio | 2.6% | CREFI | CREFI | NAP | NAP | Various | Various | Various | Various | Various | Industrial | Various | Various | Various | 3,951,338 | SF | 39.70 | 22,000,000 | 21,981,280 | 20,797,209 | 6.81000% | 0.01703% | 6.79297% | 143,570.12 | NAP | 1,722,841.44 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 60 | 59 | 360 | 359 | 3/10/2023 | 1 | 6 | 5/6/2023 | 5/6/2023 | 4/6/2028 | NAP | 0 | 0 | L(25),D(28),O(7) | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 24,103,590 | 3,755,768 | 20,347,822 | 395,134 | 987,835 | 18,964,854 | 1.65 | 1.54 | 13.0% | 12.1% | 276,700,000 | As Is | Various | 56.7% | 53.6% | 100.0% | 0 | Springing | 0 | Springing | 0 | 32,928 | 790,268 | 0 | Springing | 0 | 0 | 0 | 0 | 227,688 | 6,147,412 | 0 | Cash Collateral Reserve | 0 | 0 | NAP | Hard | Springing | Yes | Yes | Yes | No | 21,981,280 | 134,885,127 | 880,998.44 | 1,024,568.56 | NAP | NAP | 156,866,406 | 1,024,568.56 | 56.7% | 1.54 | 13.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Samuel Bert Malouf | Samuel Bert Malouf | No | No | Refinance | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
16.01 | Property | 1 | 1700 Schuster Road | 1.0% | 39.9% | 1700 Schuster Road | Delano | Kern | California | 93215 | Industrial | Warehouse/Distribution | 1993, 1996 | NAP | 1,213,366 | SF | 8,785,987 | 8,778,511 | 8,305,637 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 8,214,920 | 1,247,682 | 6,967,238 | 121,337 | 303,342 | 6,542,560 | 100,200,000 | As Is | 1/31/2023 | 100.0% | 5/6/2023 | Yes | CVB, Inc. | 1,213,366 | 100.0% | 2/28/2038 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/9/2023 | NAP | 2/9/2023 | 2/7/2023 | 4% | Yes - A | Fee | NAP | NAP | NAP | NAP | Yes | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
16.02 | Property | 1 | 101 Michelin Drive | 0.5% | 20.0% | 101 Michelin Drive | Laurens | Laurens | South Carolina | 29360 | Industrial | Warehouse/Distribution | 1993 | NAP | 1,170,972 | SF | 4,408,408 | 4,404,656 | 4,167,390 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 5,566,712 | 941,614 | 4,625,098 | 117,097 | 292,743 | 4,215,257 | 61,300,000 | As Is | 1/23/2023 | 100.0% | 5/6/2023 | Yes | CVB, Inc. | 1,170,972 | 100.0% | 2/28/2038 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/9/2023 | NAP | 2/9/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
16.03 | Property | 1 | 1525 West 2960 South | 0.4% | 16.0% | 1525 West 2960 South | Nibley | Cache | Utah | 84321 | Industrial | Flex | 2015 | NAP | 260,000 | SF | �� | 3,520,000 | 3,517,005 | 3,327,553 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 3,760,728 | 394,661 | 3,366,067 | 26,000 | 65,000 | 3,275,067 | 45,300,000 | As Is | 1/30/2023 | 100.0% | 5/6/2023 | Yes | CVB, Inc. | 260,000 | 100.0% | 2/28/2038 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/9/2023 | NAP | 2/9/2023 | 2/8/2023 | 7% | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
16.04 | Property | 1 | 5685 Raiders Road, Building B | 0.3% | 13.4% | 5685 Raiders Road | Frazeysburg | Muskingum | Ohio | 43822 | Industrial | Warehouse/Distribution | 1994 | 2022 | 812,000 | SF | 2,942,675 | 2,940,171 | 2,781,792 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 3,945,576 | 742,838 | 3,202,738 | 81,200 | 203,000 | 2,918,538 | 37,700,000 | As Is | 1/27/2023 | 100.0% | 5/6/2023 | Yes | CVB, Inc. | 812,000 | 100.0% | 2/28/2038 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/9/2023 | NAP | 2/9/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
16.05 | Property | 1 | 840 Complex Street Southwest | 0.3% | 10.6% | 840 Complex Street Southwest | Lenoir | Caldwell | North Carolina | 28645 | Industrial | Warehouse/Distribution | 1970 | 2022 | 495,000 | SF | 2,342,930 | 2,340,936 | 2,214,837 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 2,615,654 | 428,973 | 2,186,682 | 49,500 | 123,750 | 2,013,432 | 32,200,000 | As Is | 1/23/2023 | 100.0% | 5/6/2023 | Yes | CVB, Inc. | 495,000 | 100.0% | 2/28/2038 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/9/2023 | NAP | 2/9/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | Yes | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
17 | Loan | 1 | Patewood Corporate Center | 2.4% | 100.0% | 3650 Real Estate Investment Trust 2 LLC | 3650 Real Estate Investment Trust 2 LLC | NAP | NAP | 10 & 30 Patewood Drive and 50 & 80 International Drive | Greenville | Greenville | South Carolina | 29615 | Office | Suburban | 1985-1998 | 1998-2017 | 447,282 | SF | 153.15 | 20,500,000 | 20,500,000 | 20,500,000 | 4.13000% | 0.06500% | 4.06500% | NAP | 71,534.09 | NAP | 858,409.08 | Interest Only | No | Actual/360 | 84 | 61 | 84 | 61 | 0 | 0 | 5/11/2021 | 23 | 5 | 7/5/2021 | NAP | 6/5/2028 | NAP | 0 | 0 | L(38),D(42),O(4) | 8,680,540 | 2,859,435 | 5,821,105 | 3/31/2021 | T-12 | 8,591,324 | 2,922,878 | 5,668,446 | 12/31/2020 | T-12 | 8,366,227 | 3,076,169 | 5,290,058 | 12/31/2019 | T-12 | 88.9% | 9,308,176 | 3,041,693 | 6,266,483 | 84,984 | 117,401 | 6,064,099 | 2.18 | 2.11 | 9.1% | 8.9% | 111,300,000 | As Is | 4/8/2021 | 61.5% | 61.5% | 89.8% | 4/30/2021 | No | RealPage, Inc. | 46,118 | 10.3% | 10/31/2026 | Day & Zimmermann | 45,253 | 10.1% | 3/1/2025 | The Gordian Group | 43,785 | 9.8% | 6/30/2030 | Wood Group | 42,648 | 9.5% | 8/31/2023 | Ogletree Deakins | 41,508 | 9.3% | 4/30/2024 | 12/15/2020 | NAP | 12/15/2020 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 420,905 | 70,152 | 32,337 | 5,390 | 0 | 7,082 | 0 | 3,000,000 | Springing | 3,000,000 | 0 | 0 | 0 | 0 | 682,885 | Springing | Specified Leasing Reserve (Upfront: $298,808), Rent Replication Reserve (Upfront: $201,192; Ongoing: Springing; Cap: $100,596), Outstanding TI/LC Reserve (Upfront: $137,947), Free Rent Reserve (Upfront: $44,938.13) | 100,596 | 0 | NAP | Hard | In Place | Yes | Yes | Yes | No | 20,500,000 | 48,000,000 | 167,494.44 | 239,028.53 | NAP | NAP | 68,500,000 | 239,028.53 | 61.5% | 2.11 | 9.1% | 10,000,000 | 10.00000% | 78,500,000 | 323,519.27 | 70.5% | 1.56 | 8.0% | No | NAP | Joseph Friedland | Joseph Friedland | No | No | Refinance | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||
18 | Loan | 1 | Fairfield Inn & Suites Locust Grove | 1.0% | 51.6% | BCREI | Barclays | Group 4 | Group A | 690 Market Place Boulevard | Locust Grove | Henry | Georgia | 30248 | Hospitality | Limited Service | 2018 | NAP | 76 | Rooms | 108,424.29 | 8,250,000 | 8,240,246 | 7,887,583 | 7.80500% | 0.01578% | 7.78922% | 59,417.87 | NAP | 713,014.44 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 60 | 58 | 360 | 358 | 3/10/2023 | 2 | 6 | 4/6/2023 | 4/6/2023 | 3/6/2028 | NAP | 0 | 0 | L(26),D(27),O(7) | 2,589,299 | 1,482,323 | 1,106,976 | 1/31/2023 | T-12 | 2,568,543 | 1,518,697 | 1,049,846 | 12/31/2022 | T-12 | 1,353,367 | 710,047 | 643,320 | 5/31/2021 | T-5 Ann | 81.0% | 2,589,299 | 1,494,308 | 1,094,991 | 103,572 | 0 | 991,419 | 1.58 | 1.44 | 13.7% | 12.5% | 12,300,000 | As Is | 12/19/2022 | 66.3% | 63.5% | 81.0% | 1/31/2023 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 12/28/2022 | NAP | 12/22/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 33,350 | 6,670 | 14,037 | 2,807 | 0 | 4,316 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | NAP | 0 | 0 | NAP | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Munira Kapadia | Munira Kapadia | No | No | Refinance | No | 1/28/2040 | 113.55 | 91.97 | 81.0% | 113.55 | 91.97 | 81.0% | 112.96 | 91.19 | 80.7% | 93.43 | 30.34 | 51.8% | |||||||||||||
19 | Loan | 1 | Holiday Inn Express Jackson | 0.9% | 48.4% | BCREI | Barclays | Group 4 | Group A | 116 Hospitality Drive | Jackson | Butts | Georgia | 30233 | Hospitality | Limited Service | 2020 | NAP | 74 | Rooms | 104,605.91 | 7,750,000 | 7,740,837 | 7,409,547 | 7.80500% | 0.01578% | 7.78922% | 55,816.79 | NAP | 669,801.48 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 60 | 58 | 360 | 358 | 3/10/2023 | 2 | 6 | 4/6/2023 | 4/6/2023 | 3/6/2028 | NAP | 0 | 0 | L(26),D(27),O(7) | 2,500,974 | 1,340,516 | 1,160,458 | 1/31/2023 | T-12 | 2,425,170 | 1,339,911 | 1,085,259 | 12/31/2022 | T-12 | 1,353,366 | 766,853 | 586,513 | 5/31/2021 | T-5 Ann | 75.0% | 2,389,816 | 1,295,815 | 1,094,000 | 95,593 | 0 | 998,408 | 1.58 | 1.44 | 13.7% | 12.5% | 11,800,000 | As Is | 12/19/2022 | 66.3% | 63.5% | 78.5% | 1/31/2023 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 12/28/2022 | NAP | 12/28/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 25,324 | 4,221 | 12,670 | 2,534 | 0 | 3,983 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | NAP | 0 | 0 | NAP | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Munira Kapadia | Munira Kapadia | No | No | Refinance | No | 11/16/2041 | 116.45 | 87.34 | 75.0% | 116.45 | 91.45 | 78.5% | 116.77 | 88.78 | 76.0% | 108.60 | 49.68 | 45.8% | |||||||||||||
20 | Loan | 27 | Bed Stuy Portfolio | 1.8% | DBRI | GACC | NAP | NAP | Various | Brooklyn | Kings | New York | Various | Multifamily | Garden | Various | Various | 185 | Units | 82,432.43 | 15,250,000 | 15,250,000 | 15,250,000 | 6.52150% | 0.01578% | 6.50572% | NAP | 84,028.47 | NAP | 1,008,341.64 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 3/13/2023 | 1 | 6 | 5/6/2023 | NAP | 4/6/2028 | NAP | 0 | 0 | L(25),D(28),O(7) | 2,209,322 | 997,035 | 1,212,287 | 12/31/2022 | T-12 | 2,041,168 | 1,264,462 | 776,706 | 12/31/2021 | T-12 | 1,893,267 | 967,359 | 925,908 | 12/31/2020 | T-12 | 94.4% | 2,300,996 | 948,806 | 1,352,190 | 36,889 | 0 | 1,315,301 | 1.34 | 1.30 | 8.9% | 8.6% | 26,450,000 | As Is | Various | 57.7% | 57.7% | 97.8% | 12,986 | 3,427 | 27,744 | 5,549 | 0 | 3,074 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 51,500 | 0 | 0 | NAP | 0 | 0 | NAP | Hard (Commercial); Soft (Multifamily) | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Larry Hirschfield | Larry Hirschfield | No | No | Refinance | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
20.01 | Property | 1 | 150-152 Tompkins Avenue | 0.2% | 11.3% | 150-152 Tompkins Avenue | Brooklyn | Kings | New York | 11206 | Multifamily | Garden | 1931 | 1992 | 20 | Units | 1,729,679 | 1,729,679 | 1,729,679 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 3,000,000 | As Is | 1/24/2023 | 95.0% | 1/23/2023 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/7/2023 | NAP | 2/1/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
20.02 | Property | 1 | 375 Kosciuszko Street | 0.1% | 7.2% | 375 Kosciuszko Street | Brooklyn | Kings | New York | 11221 | Multifamily | Garden | 1931 | 1994 | 4 | Units | 1,095,463 | 1,095,463 | 1,095,463 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 1,900,000 | As Is | 1/25/2023 | 100.0% | 1/23/2023 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/7/2023 | NAP | 2/2/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
20.03 | Property | 1 | 1078 Putnam Avenue | 0.1% | 6.8% | 1078 Putnam Avenue | Brooklyn | Kings | New York | 11221 | Multifamily | Garden | 1899 | 1996 | 13 | Units | 1,037,807 | 1,037,807 | 1,037,807 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 1,800,000 | As Is | 1/25/2023 | 100.0% | 1/23/2023 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/6/2023 | NAP | 2/2/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
20.04 | Property | 1 | 1438 Broadway | 0.1% | 6.8% | 1438 Broadway | Brooklyn | Kings | New York | 11221 | Multifamily | Garden | 1930 | NAP | 9 | Units | 1,037,807 | 1,037,807 | 1,037,807 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 1,800,000 | As Is | 1/25/2023 | 100.0% | 1/23/2023 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/6/2023 | NAP | 2/2/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
20.05 | Property | 1 | 607 Willoughby Avenue | 0.1% | 6.4% | 607 Willoughby Avenue | Brooklyn | Kings | New York | 11206 | Multifamily | Garden | 1910 | 1992 | 9 | Units | 980,151 | 980,151 | 980,151 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 1,700,000 | As Is | 1/24/2023 | 100.0% | 1/23/2023 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/7/2023 | NAP | 2/1/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
20.06 | Property | 1 | 315 Pulaski Street | 0.1% | 5.3% | 315 Pulaski Street | Brooklyn | Kings | New York | 11206 | Multifamily | Garden | 1931 | 1994 | 8 | Units | 807,183 | 807,183 | 807,183 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 1,400,000 | As Is | 1/26/2023 | 100.0% | 1/23/2023 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/7/2023 | NAP | 2/2/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
20.07 | Property | 1 | 609 Willoughby Avenue | 0.1% | 5.3% | 609 Willoughby Avenue | Brooklyn | Kings | New York | 11206 | Multifamily | Garden | 1905 | 1992 | 9 | Units | 807,183 | 807,183 | 807,183 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 1,400,000 | As Is | 1/24/2023 | 88.9% | 1/23/2023 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/7/2023 | NAP | 2/1/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
20.08 | Property | 1 | 675 Halsey Street | 0.1% | 5.1% | 675 Halsey Street | Brooklyn | Kings | New York | 11233 | Multifamily | Garden | 1910 | NAP | 6 | Units | 778,355 | 778,355 | 778,355 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 1,350,000 | As Is | 1/24/2023 | 100.0% | 1/23/2023 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/6/2023 | NAP | 2/2/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
20.09 | Property | 1 | 143 Marcus Garvey Boulevard | 0.1% | 4.3% | 143 Marcus Garvey Boulevard | Brooklyn | Kings | New York | 11206 | Multifamily | Garden | 1931 | 1994 | 7 | Units | 663,043 | 663,043 | 663,043 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 1,150,000 | As Is | 1/26/2023 | 100.0% | 1/23/2023 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/7/2023 | NAP | 2/2/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
20.10 | Property | 1 | 611 Willoughby Avenue | 0.1% | 4.3% | 611 Willoughby Avenue | Brooklyn | Kings | New York | 11206 | Multifamily | Garden | 1905 | 1992 | 9 | Units | 663,043 | 663,043 | 663,043 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 1,150,000 | As Is | 1/24/2023 | 100.0% | 1/23/2023 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/7/2023 | NAP | 2/1/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
20.11 | Property | 1 | 399 Kosciuszko Street | 0.1% | 4.2% | 399 Kosciuszko Street | Brooklyn | Kings | New York | 11221 | Multifamily | Garden | 1931 | 1992 | 12 | Units | 634,216 | 634,216 | 634,216 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 1,100,000 | As Is | 1/25/2023 | 100.0% | 1/23/2023 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/7/2023 | NAP | 2/2/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
20.12 | Property | 1 | 104 Ralph Avenue | 0.1% | 4.0% | 104 Ralph Avenue | Brooklyn | Kings | New York | 11221 | Multifamily | Garden | 1910 | NAP | 7 | Units | 605,388 | 605,388 | 605,388 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 1,050,000 | As Is | 1/24/2023 | 100.0% | 1/23/2023 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/6/2023 | NAP | 2/2/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
20.13 | Property | 1 | 1064 Putnam Avenue | 0.1% | 3.6% | 1064 Putnam Avenue | Brooklyn | Kings | New York | 11221 | Multifamily | Garden | 1905 | 1996 | 5 | Units | 547,732 | 547,732 | 547,732 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 950,000 | As Is | 1/25/2023 | 100.0% | 1/23/2023 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/6/2023 | NAP | 2/2/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
20.14 | Property | 1 | 403 Kosciuszko Street | 0.0% | 2.6% | 403 Kosciuszko Street | Brooklyn | Kings | New York | 11221 | Multifamily | Garden | 1931 | 1992 | 13 | Units | 403,592 | 403,592 | 403,592 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 700,000 | As Is | 1/25/2023 | 100.0% | 1/23/2023 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/7/2023 | NAP | 2/2/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
20.15 | Property | 1 | 639 Willoughby Avenue | 0.0% | 2.6% | 639 Willoughby Avenue | Brooklyn | Kings | New York | 11206 | Multifamily | Garden | 1899 | 1992 | 4 | Units | 403,592 | 403,592 | 403,592 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 700,000 | As Is | 1/24/2023 | 75.0% | 1/23/2023 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/7/2023 | NAP | 2/1/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
20.16 | Property | 1 | 671 Halsey Street | 0.0% | 2.5% | 671 Halsey Street | Brooklyn | Kings | New York | 11233 | Multifamily | Garden | 1910 | NAP | 6 | Units | 374,764 | 374,764 | 374,764 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 650,000 | As Is | 1/24/2023 | 100.0% | 1/23/2023 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/6/2023 | NAP | 2/2/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
20.17 | Property | 1 | 706 MacDonough Street | 0.0% | 2.3% | 706 MacDonough Street | Brooklyn | Kings | New York | 11233 | Multifamily | Garden | 1905 | 1995 | 4 | Units | 345,936 | 345,936 | 345,936 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 600,000 | As Is | 1/24/2023 | 100.0% | 1/23/2023 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/6/2023 | NAP | 2/2/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
20.18 | Property | 1 | 981 Lafayette Avenue | 0.0% | 2.3% | 981 Lafayette Avenue | Brooklyn | Kings | New York | 11221 | Multifamily | Garden | 1931 | 1994 | 3 | Units | 345,936 | 345,936 | 345,936 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 600,000 | As Is | 1/25/2023 | 100.0% | 1/23/2023 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/7/2023 | NAP | 2/2/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
20.19 | Property | 1 | 22 Stuyvesant Avenue | 0.0% | 2.1% | 22 Stuyvesant Avenue | Brooklyn | Kings | New York | 11221 | Multifamily | Garden | 1931 | 1994 | 8 | Units | 317,108 | 317,108 | 317,108 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 550,000 | As Is | 1/26/2023 | 100.0% | 1/23/2023 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/7/2023 | NAP | 2/2/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
20.20 | Property | 1 | 1074 Putnam Avenue | 0.0% | 1.9% | 1074 Putnam Avenue | Brooklyn | Kings | New York | 11221 | Multifamily | Garden | 1899 | 1995 | 3 | Units | 288,280 | 288,280 | 288,280 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 500,000 | As Is | 1/25/2023 | 66.7% | 1/23/2023 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/6/2023 | NAP | 2/2/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
20.21 | Property | 1 | 1001 Putnam Avenue | 0.0% | 1.7% | 1001 Putnam Avenue | Brooklyn | Kings | New York | 11221 | Multifamily | Garden | 1920 | 1995 | 6 | Units | 259,452 | 259,452 | 259,452 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 450,000 | As Is | 1/25/2023 | 100.0% | 1/23/2023 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/6/2023 | NAP | 2/2/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
20.22 | Property | 1 | 540A Kosciuszko Street | 0.0% | 1.7% | 540A Kosciuszko Street | Brooklyn | Kings | New York | 11221 | Multifamily | Garden | 1931 | 1994 | 6 | Units | 259,452 | 259,452 | 259,452 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 450,000 | As Is | 1/25/2023 | 100.0% | 1/23/2023 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/7/2023 | NAP | 2/2/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
20.23 | Property | 1 | 162 Vernon Avenue | 0.0% | 1.7% | 162 Vernon Avenue | Brooklyn | Kings | New York | 11206 | Multifamily | Garden | 1901 | 1992 | 4 | Units | 259,452 | 259,452 | 259,452 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 450,000 | As Is | 1/24/2023 | 100.0% | 1/23/2023 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/7/2023 | NAP | 2/1/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
20.24 | Property | 1 | 903 Lafayette Avenue | 0.0% | 1.7% | 903 Lafayette Avenue | Brooklyn | Kings | New York | 11221 | Multifamily | Garden | 1899 | 1994 | 2 | Units | 259,452 | 259,452 | 259,452 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 450,000 | As Is | 1/25/2023 | 100.0% | 1/23/2023 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/7/2023 | NAP | 2/2/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
20.25 | Property | 1 | 409 Kosciuszko Street | 0.0% | 0.8% | 409 Kosciuszko Street | Brooklyn | Kings | New York | 11221 | Multifamily | Garden | 1899 | 1992 | 3 | Units | 115,312 | 115,312 | 115,312 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 200,000 | As Is | 1/25/2023 | 100.0% | 1/23/2023 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/7/2023 | NAP | 2/2/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
20.26 | Property | 1 | 983 Lafayette Avenue | 0.0% | 0.8% | 983 Lafayette Avenue | Brooklyn | Kings | New York | 11221 | Multifamily | Garden | 1899 | 1994 | 3 | Units | 115,312 | 115,312 | 115,312 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 200,000 | As Is | 1/25/2023 | 100.0% | 1/23/2023 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/7/2023 | NAP | 2/2/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
20.27 | Property | 1 | 340 Hart Street | 0.0% | 0.8% | 340 Hart Street | Brooklyn | Kings | New York | 11206 | Multifamily | Garden | 1899 | 1994 | 2 | Units | 115,312 | 115,312 | 115,312 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 200,000 | As Is | 1/26/2023 | 100.0% | 1/23/2023 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/7/2023 | NAP | 2/2/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
21 | Loan | 1 | 909 North Michigan Avenue | 1.7% | 100.0% | DBRI | GACC | NAP | NAP | 909 North Michigan Avenue | Chicago | Cook | Illinois | 60611 | Retail | Unanchored | 1962 | NAP | 5,666 | SF | 2,513.41 | 14,241,000 | 14,241,000 | 14,241,000 | 6.75400% | 0.01578% | 6.73822% | NAP | 81,266.33 | NAP | 975,195.96 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 3/17/2023 | 1 | 6 | 5/6/2023 | NAP | 4/6/2028 | NAP | 0 | 0 | L(25),D(30),O(5) | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 2,380,912 | 283,395 | 2,097,517 | 1,500 | 5,666 | 2,090,351 | 2.15 | 2.14 | 14.7% | 14.7% | 28,600,000 | As Is | 2/16/2023 | 49.8% | 49.8% | 100.0% | 2/28/2023 | No | Burdeen's Jewelry | 2,174 | 38.4% | 3/31/2033 | Bulgari | 1,937 | 34.2% | 7/31/2030 | Swatch Group (Omega) | 1,555 | 27.4% | 7/31/2025 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 10/26/2022 | NAP | 10/21/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 20,378 | 6,793 | 878 | Springing | 0 | 125 | 4,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 357,212 | Springing | Omega TI/LC Reserve (Upfront: $357,212), REA Charges Reserve (Monthly: Springing) | 0 | 0 | NAP | Hard | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Daniel J. Blatteis | Daniel J. Blatteis | No | No | Acquisition | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||
22 | Loan | 1 | Meadowood Mall | 1.4% | 100.0% | 3650 Real Estate Investment Trust 2 LLC, BCREI, WFBNA, BMO | 3650 Real Estate Investment Trust 2 LLC | NAP | NAP | 5000 Meadowood Mall Circle | Reno | Washoe | Nevada | 89502 | Retail | Regional Mall | 1978 | 2013 | 456,841 | SF | 169.23 | 12,500,000 | 12,079,678 | 10,911,360 | 3.93000% | 0.06500% | 3.86500% | 65,497.43 | NAP | 785,969.16 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 60 | 43 | 300 | 283 | 11/5/2021 | 17 | 1 | 1/1/2022 | 1/1/2022 | 12/1/2026 | NAP | 0 | 0 | L(41),D(12),O(7) | 19,676,247 | 5,271,584 | 14,404,663 | 8/31/2021 | T-12 | 19,340,687 | 6,237,429 | 13,103,258 | 12/31/2020 | T-12 | 20,898,165 | 5,421,321 | 15,476,844 | 12/31/2019 | T-12 | 89.1% | 20,594,293 | 4,726,478 | 15,867,815 | 114,210 | 770,276 | 14,983,329 | 3.15 | 2.98 | 20.5% | 19.4% | 227,100,000 | As Is | 10/11/2021 | 34.0% | 30.7% | 90.0% | 10/13/2021 | No | Macy's | 98,721 | 21.6% | 3/31/2030 | Dick's Sporting Goods | 50,133 | 11.0% | 1/31/2027 | Crunch Fitness | 25,183 | 5.5% | 8/31/2029 | H&M | 22,100 | 4.8% | 1/31/2024 | Forever 21 | 20,022 | 4.4% | 1/31/2023 | 10/15/2021 | NAP | 10/15/2021 | 10/29/2021 | 12% | No | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 3,000,000 | Springing | 228,420 | 0 | 76,140 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | NAP | 0 | 0 | NAP | Hard | Springing | Yes | Yes | Yes | No | 12,079,678 | 65,230,263 | 353,686.12 | 419,183.55 | 27,715,118 | 10.75000% | 105,025,060 | 688,569.51 | 46.2% | 1.81 | 15.1% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Simon Property Group, L.P. | Simon Property Group, L.P. | No | No | Refinance | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||
23 | Loan | 1 | 325 Gold Street | 1.4% | 100.0% | CREFI | CREFI | NAP | NAP | 325 Gold Street | Brooklyn | Kings | New York | 11201 | Mixed Use | Office/Retail | 1920 | 2016 | 49,300 | SF | 243.41 | 12,000,000 | 12,000,000 | 12,000,000 | 7.55000% | 0.01578% | 7.53422% | NAP | 76,548.61 | NAP | 918,583.32 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 3/31/2023 | 1 | 6 | 5/6/2023 | NAP | 4/6/2028 | NAP | 0 | 0 | L(3),YM1(51),O(6) | 2,062,834 | 614,745 | 1,448,089 | 12/31/2022 | T-12 | 1,999,725 | 600,894 | 1,398,831 | 12/31/2021 | T-12 | 2,021,003 | 632,873 | 1,388,130 | 12/31/2020 | T-12 | 95.0% | 2,088,640 | 667,888 | 1,420,752 | 7,171 | 68,629 | 1,344,951 | 1.55 | 1.46 | 11.8% | 11.2% | 27,000,000 | As Is | 3/3/2023 | 44.4% | 44.4% | 100.0% | 2/14/2023 | No | NYU | 8,600 | 17.4% | 5/31/2026 | Team Obsolete | 8,530 | 17.3% | 7/31/2031 | Ark Media | 6,000 | 12.2% | 7/31/2023 | Clocktower Properties | 6,000 | 12.2% | 4/6/2031 | Makelab Inc | 3,750 | 7.6% | 8/31/2025 | 3/6/2023 | NAP | 3/6/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 33,079 | 33,079 | 14,011 | 4,670 | 0 | 598 | 100,000 | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | NAP | 0 | 0 | NAP | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Robert Iannucci and Sonia Ewers | Robert Iannucci and Sonia Ewers | No | No | Refinance | Yes | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||
24 | Loan | 1 | Pepper Tree Apartments | 1.3% | 100.0% | CREFI | CREFI | NAP | NAP | 4600 Oakwood Drive | Odessa | Ector | Texas | 79761 | Multifamily | Garden | 1975 | 2022 | 181 | Units | 60,497.24 | 10,950,000 | 10,950,000 | 10,950,000 | 7.03000% | 0.01578% | 7.01422% | NAP | 65,039.70 | NAP | 780,476.40 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 4/21/2023 | 0 | 6 | 6/6/2023 | NAP | 5/6/2028 | NAP | 0 | 0 | L(24),D(33),O(3) | 1,736,215 | 881,324 | 854,891 | 2/28/2023 | T-12 | 1,706,704 | 866,081 | 840,623 | 12/31/2022 | T-12 | 1,569,482 | 771,853 | 797,629 | 12/31/2021 | T-12 | 94.0% | 2,121,390 | 988,839 | 1,132,551 | 51,947 | 0 | 1,080,604 | 1.45 | 1.38 | 10.3% | 9.9% | 16,500,000 | As Is | 3/14/2023 | 66.4% | 66.4% | 96.1% | 4/17/2023 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/16/2023 | NAP | 3/16/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 62,028 | 12,406 | 74,447 | 14,889 | 0 | 4,329 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 66,180 | 0 | 0 | NAP | 0 | 0 | NAP | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Brian Lefkowitz, A Lefkowitz 2016 Family Trust and R Lefkowitz 2016 Family Trust | Brian Lefkowitz, A Lefkowitz 2016 Family Trust and R Lefkowitz 2016 Family Trust | No | No | Refinance | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||
25 | Loan | 1 | Tudor Wharf (Leased Fee) | 1.2% | 100.0% | BMO | BMO | Group 3 | NAP | 34-44 Charles River Avenue | Charlestown | Suffolk | Massachusetts | 02129 | Other | Leased Fee | NAP | NAP | 67,170 | SF | 159.30 | 10,700,000 | 10,700,000 | 10,700,000 | 7.37000% | 0.01578% | 7.35422% | NAP | 66,628.55 | NAP | 799,542.60 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 4/25/2023 | 0 | 6 | 6/6/2023 | NAP | 5/6/2028 | NAP | 0 | 0 | L(24),D(31),O(5) | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 100.0% | 800,000 | 0 | 800,000 | 0 | 0 | 800,000 | 1.00 | 1.00 | 7.5% | 7.5% | 16,000,000 | As Is | 2/13/2023 | 66.9% | 66.9% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/17/2023 | NAP | 2/17/2023 | NAP | NAP | Yes - AE | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | NAP | 0 | 0 | NAP | Hard | Springing | No | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Warren Q. Fields and Richard M. Kelleher | Warren Q. Fields and Richard M. Kelleher | No | No | Refinance | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||
26 | Loan | 1 | 1201 Third Avenue | 0.9% | 100.0% | JPMCB, MSBNA | JPMCB | NAP | NAP | 1201 Third Avenue | Seattle | King | Washington | 98101 | Office | CBD | 1988 | NAP | 1,129,710 | SF | 150.48 | 8,000,000 | 8,000,000 | 8,000,000 | 5.58500% | 0.01703% | 5.56797% | NAP | 37,750.46 | NAP | 453,005.52 | Interest Only | No | Actual/360 | 60 | 58 | 60 | 58 | 0 | 0 | 2/10/2023 | 2 | 9 | 4/9/2023 | NAP | 3/9/2028 | NAP | 0 | 0 | L(24),YM1(2),DorYM1(27),O(7) | 51,796,212 | 20,401,758 | 31,394,453 | 12/31/2022 | T-12 | 52,866,426 | 19,817,047 | 33,049,379 | 12/31/2021 | T-12 | 55,173,622 | 18,678,980 | 36,494,642 | 12/31/2020 | T-12 | 81.1% | 51,349,507 | 21,283,998 | 30,065,509 | 225,942 | 3,282,704 | 26,556,863 | 3.12 | 2.76 | 17.7% | 15.6% | 556,500,000 | As Is | 12/1/2022 | 30.5% | 30.5% | 81.1% | 1/1/2023 | No | Perkins Coie | 296,843 | 26.3% | 12/31/2026 | WeWork | 114,679 | 10.2% | 6/30/2034 | Kimley-Horn | 46,058 | 4.1% | 12/31/2034 | Accolade, Inc. | 45,083 | 4.0% | 3/31/2030 | Hargis Engineering | 44,609 | 3.9% | 12/31/2024 | 12/8/2022 | NAP | 12/8/2022 | 12/8/2022 | 14% | No | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 0 | 0 | 0 | 17,567,429 | 0 | 0 | 0 | 0 | 0 | 0 | 3,755,350 | Springing | Free Rent Reserve (Upfront: $3,755,350), Perkins Coie Funds (Monthly: Springing), Perkins Coie Prepaid Rent Funds (Monthly: Springing) | 0 | 0 | NAP | Hard | Springing | Yes | Yes | Yes | No | 8,000,000 | 162,000,000 | 764,446.88 | 802,197.34 | NAP | NAP | 170,000,000 | 802,197.34 | 30.5% | 2.76 | 17.7% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | MetLife, Inc. and New York Common Retirement Fund | NAP | No | No | Refinance | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||
27 | Loan | 1 | Chicago Heights | 0.5% | 100.0% | CREFI | CREFI | NAP | NAP | 480 East Lincoln Highway | Chicago Heights | Cook | Illinois | 60411 | Industrial | Warehouse/Distribution | 1958 | 1993 | 281,847 | SF | 15.97 | 4,500,000 | 4,500,000 | 4,500,000 | 7.28000% | 0.01578% | 7.26422% | NAP | 27,679.17 | NAP | 332,150.04 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 3/27/2023 | 1 | 6 | 5/6/2023 | NAP | 4/6/2028 | NAP | 0 | 0 | L(25),D(28),O(7) | 1,111,902 | 594,830 | 517,072 | 12/31/2022 | T-12 | 1,181,919 | 734,663 | 447,256 | 12/31/2021 | T-12 | 1,003,148 | 699,246 | 303,902 | 12/31/2020 | T-12 | 95.0% | 1,249,283 | 647,108 | 602,175 | 81,736 | 69,878 | 450,562 | 1.81 | 1.36 | 13.4% | 10.0% | 8,100,000 | As Is | 2/20/2023 | 55.6% | 55.6% | 100.0% | 4/1/2023 | No | Gerresheimer Glass, Inc. | 209,135 | 74.2% | 11/30/2026 | Morgan Li, LLC | 72,712 | 25.8% | 5/14/2025 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/3/2023 | NAP | 3/3/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 43,364 | 43,364 | 0 | Springing | 0 | 6,811 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 53,763 | 0 | Springing | Gerresheimer Glass Renewal Reserve (Monthly: Springing), Morgan Li Renewal Reserve (Monthly: Springing) | 0 | 0 | NAP | Hard | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Ian Quint | Ian Quint | No | No | Acquisition | Yes | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
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 (P&I)($) and Annual Debt Service (P&I) ($) shown for Mortgage Loans with a partial interest-only period reflects the amount payable after the expiration of the interest-only period. |
(3) | The open period is inclusive of the Maturity Date or Anticipated Repayment Date. |
(4) | Underwritten NOI DSCR (x), Underwritten NCF DSCR (x), Whole Loan Underwritten NCF DSCR (x) and Total Debt Underwritten NCF DSCR (x) are calculated based on amortizing debt service payments (except for interest-only loans). |
(5) | Leased Occupancy (%) includes tenants that have signed leases, but are not yet in occupancy or may not be paying rent. |
(6) | The lease expirations shown are based on full lease terms; however, in some instances, the tenant may have the option to terminate its lease prior to the expiration date shown. In addition, in some instances, a tenant may have the right to assign its lease or sublease the leased premises and be released from its obligations under the lease. See “Description of the Mortgage Pool—Tenant Issues” in the Preliminary Prospectus for certain examples of the foregoing. |
MORTGAGE POOL CHARACTERISTICS | |||||
Mortgage Pool Characteristics | |||||
Initial Pool Balance | $859,674,341 | ||||
Number of Mortgage Loans | 27 | ||||
Number of Mortgaged Properties | 66 | ||||
Average Cut-off Date Balance | $31,839,790 | ||||
Weighted Average Mortgage Rate | 6.80333% | ||||
Weighted Average Remaining Term to Maturity/ARD (months) | 59 | ||||
Weighted Average Remaining Amortization Term (months) | 353 | ||||
Weighted Average Cut-off Date LTV Ratio | 54.3% | ||||
Weighted Average Maturity Date/ARD LTV Ratio | 53.9% | ||||
Weighted Average UW NCF DSCR | 1.69x | ||||
Weighted Average Debt Yield on Underwritten NOI | 12.2% | ||||
% of Initial Pool Balance of Mortgage Loans that are Amortizing Balloon | 15.8% | ||||
% of Initial Pool Balance of Mortgage Loans that are Interest Only | 84.2% | ||||
% of Initial Pool Balance of Mortgaged Properties with Single Tenants | 18.1% | ||||
% of Initial Pool Balance of Mortgage Loans with Mezzanine Debt | 19.0% | ||||
% of Initial Pool Balance of Mortgage Loans with Subordinate Debt | 1.4% |
COLLATERAL OVERVIEW | ||||||||
Mortgage Loans by Loan Seller | ||||||||
Mortgage Loan Seller | Mortgage Loans | Mortgaged Properties | Aggregate Cut-off Date Balance | % of Initial Pool Balance | ||||
3650 Real Estate Investment Trust 2 LLC | 6 | 8 | $157,620,978 | 18.3% | ||||
Citi Real Estate Funding Inc. | 5 | 10 | $124,431,280 | 14.5% | ||||
Goldman Sachs Mortgage Company | 2 | 2 | $100,000,000 | 11.6% | ||||
German American Capital Corporation | 3 | 29 | $92,491,000 | 10.8% | ||||
Bank of Montreal | 2 | 2 | $48,400,000 | 5.6% | ||||
Barclays Commercial Real Estate Inc. | 3 | 3 | $38,731,083 | 4.5% | ||||
JPMorgan Chase Bank, National Association | 1 | 1 | $8,000,000 | 0.9% | ||||
JPMorgan Chase Bank, National Association / 3650 Real Estate Investment Trust 2 LLC | 1 | 7 | $75,000,000 | 8.7% | ||||
Citi Real Estate Funding Inc. / Bank of Montreal | 1 | 1 | $65,000,000 | 7.6% | ||||
German American Capital Corporation / Bank of Montreal | 1 | 1 | $65,000,000 | 7.6% | ||||
Goldman Sachs Mortgage Company / Bank of Montreal / German American Capital Corporation | 1 | 1 | $50,000,000 | 5.8% | ||||
Goldman Sachs Mortgage Company / German American Capital Corporation | 1 | 1 | $35,000,000 | 4.1% | ||||
Total | 27 | 66 | $859,674,341 | 100.0% | ||||
Top 10 Mortgage Loans | ||||||||
Top 10 Mortgage Loans | Mortgage Loan Seller | Cut-off Date Balance ($) | % of Initial Pool Balance | Cut-off Date LTV | UW NOI DY | UW NCF DSCR (x) | General Property Type | |
ICP/IRG Holdings Portfolio | JPMCB, 3650 Real Estate Investment Trust 2 LLC | $75,000,000 | 8.7% | 56.7% | 10.7% | 1.39 | Various | |
Austin Multifamily Portfolio | CREFI | $75,000,000 | 8.7% | 58.8% | 9.3% | 1.21 | Multifamily | |
Cumberland Mall | GACC, BMO | $65,000,000 | 7.6% | 48.9% | 13.8% | 1.66 | Retail | |
Harborside 2-3 | CREFI, BMO | $65,000,000 | 7.6% | 56.8% | 14.7% | 2.36 | Office | |
Soho Warehouse | GACC | $63,000,000 | 7.3% | 55.3% | 11.5% | 1.32 | Mixed Use | |
400 West 14th Street | GSMC | $60,000,000 | 7.0% | 64.5% | 9.5% | 1.53 | Mixed Use | |
Green Acres | GSMC, BMO, GACC | $50,000,000 | 5.8% | 54.5% | 13.0% | 2.10 | Retail | |
Heritage Plaza | GSMC | $40,000,000 | 4.7% | 33.0% | 12.7% | 1.54 | Office | |
Tudor Wharf (Leasehold) | BMO | $37,700,000 | 4.4% | 58.0% | 13.9% | 1.53 | Hospitality | |
Encino Target | 3650 Real Estate Investment Trust 2 LLC | $36,630,000 | 4.3% | 65.4% | 9.5% | 1.44 | Retail | |
Property Types | ||||||||
Property Type / Detail | Number of Mortgaged Properties | Aggregate Cut-off Date Balance ($) | % of Initial Pool Balance | |||||
Retail | 6 | $212,950,678 | 24.8% | |||||
Super Regional Mall | 2 | 100,000,000 | 11.6 | |||||
Regional Mall | 2 | 62,079,678 | 7.2 | |||||
Anchored | 1 | 36,630,000 | 4.3 | |||||
Unanchored | 1 | 14,241,000 | 1.7 | |||||
Office | 6 | $166,725,000 | 19.4% | |||||
CBD | 3 | 113,000,000 | 13.1 | |||||
Suburban | 3 | 53,725,000 | 6.2 | |||||
Mixed Use | 3 | $135,000,000 | 15.7% | |||||
Office/Retail | 2 | 72,000,000 | 8.4 | |||||
Retail/Hospitality | 1 | 63,000,000 | 7.3 | |||||
Multifamily | 31 | $134,200,000 | 15.6% | |||||
Garden | 30 | 101,200,000 | 11.8 | |||||
High Rise | 1 | 33,000,000 | 3.8 | |||||
Industrial | 15 | $123,667,580 | 14.4% | |||||
Warehouse/Distribution | 11 | 90,525,275 | 10.5 | |||||
Manufacturing/Warehouse | 1 | 19,125,000 | 2.2 | |||||
Flex | 3 | 14,017,305 | 1.6 | |||||
Hospitality | 4 | $76,431,083 | 8.9% | |||||
Limited Service | 3 | 38,731,083 | 4.5 | |||||
Extended Stay | 1 | 37,700,000 | 4.4 | |||||
Other | 1 | $10,700,000 | 1.2% | |||||
Total | 66 | $859,674,341 | 100.0% | |||||
Geographic Distribution | ||||||||
Property Location | Number of Mortgaged Properties | Aggregate Cut-off Date Balance ($) | % of Initial Pool Balance | |||||
New York | 30 | $137,250,000 | 16.0% | |||||
Texas | 4 | 125,950,000 | 14.7% | |||||
California | 3 | 108,408,511 | 12.6% | |||||
New Jersey | 2 | 98,000,000 | 11.4% | |||||
Georgia | 3 | 80,981,083 | 9.4% | |||||
Ohio | 7 | 58,815,171 | 6.8% | |||||
Arizona | 2 | 57,350,000 | 6.7% | |||||
Massachusetts | 2 | 48,400,000 | 5.6% | |||||
Nevada | 2 | 34,829,678 | 4.1% | |||||
Kentucky | 2 | 27,061,000 | 3.1% | |||||
South Carolina | 2 | 24,904,656 | 2.9% | |||||
Michigan | 1 | 19,125,000 | 2.2% | |||||
Illinois | 2 | 18,741,000 | 2.2% | |||||
Washington | 1 | 8,000,000 | 0.9% | |||||
Minnesota | 1 | 6,000,300 | 0.7% | |||||
Utah | 1 | 3,517,005 | 0.4% | |||||
North Carolina | 1 | 2,340,936 | 0.3% | |||||
Total | 66 | $859,674,341 | 100.0% | |||||
Distribution of Amortization Types | ||||||||
Amortization Type | Number of Mortgage Loans | Cut-off Date Balance ($) | % of Initial Pool Balance | |||||
Interest Only | 21 | $723,882,300 | 84.2% | |||||
Amortizing Balloon | 6 | 135,792,041 | 15.8% | |||||
Total | 27 | $859,674,341 | 100.0% |