FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-276033-02 | ||
BBCMS 2024-5C27 Disclaimer
STATEMENT REGARDING THIS FREE WRITING PROSPECTUS
The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (‘‘SEC’’) (SEC File No. 333-276033) for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter, or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-888-603-5847 (8 a.m. – 5 p.m. EST).
Nothing in this document constitutes an offer of securities for sale in any jurisdiction where the offer or sale is not permitted. The information contained herein is preliminary as of the date hereof, supersedes any such information previously delivered to you and will be superseded by any such information subsequently delivered and ultimately by the final prospectus relating to the securities. These materials are subject to change, completion, supplement or amendment from time to time.
STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING ESTIMATES AND OTHER INFORMATION
The attached information contains certain tables and other statistical analyses (the “Computational Materials”) which have been prepared in reliance upon information furnished by the Mortgage Loan Sellers. Numerous assumptions were used in preparing the Computational Materials, which may or may not be reflected herein. As such, no assurance can be given as to the Computational Materials’ accuracy, appropriateness or completeness in any particular context; or as to whether the Computational Materials and/or the assumptions upon which they are based reflect present market conditions or future market performance. The Computational Materials should not be construed as either projections or predictions or as legal, tax, financial or accounting advice. You should consult your own counsel, accountant and other advisors as to the legal, tax, business, financial and related aspects of a purchase of these securities. Any weighted average lives, yields and principal payment periods shown in the Computational Materials are based on prepayment and/or loss assumptions, and changes in such prepayment and/or loss assumptions may dramatically affect such weighted average lives, yields and principal payment periods. In addition, it is possible that prepayments or losses on the underlying assets will occur at rates higher or lower than the rates shown in the attached Computational Materials. The specific characteristics of the securities may differ from those shown in the Computational Materials due to differences between the final underlying assets and the preliminary underlying assets used in preparing the Computational Materials. The principal amount and designation of any security described in the Computational Materials are subject to change prior to issuance. None of of Barclays Capital Inc., SG Americas Securities, LLC, BMO Capital Markets Corp., UBS Securities LLC, Citigroup Global Markets Inc., Deutsche Bank Securities Inc., KeyBanc Capital Markets Inc., Academy Securities, Inc. or Bancroft Capital, LLC or any of their respective affiliates, make any representation or warranty as to the actual rate or timing of payments or losses on any of the underlying assets or the payments or yield on the securities. The information in this presentation is based upon management forecasts and reflects prevailing conditions and management’s views as of this date, all of which are subject to change. In preparing this presentation, we have relied upon and assumed, without independent verification, the accuracy and completeness of all information available from public sources or which was provided to us by or on behalf of the Mortgage Loan Sellers or which was otherwise reviewed by us.
This free writing prospectus contains certain forward-looking statements. If and when included in this free writing prospectus, the words “expects”, “intends”, “anticipates”, “estimates” and analogous expressions and all statements that are not historical facts, including statements about our beliefs or expectations, are intended to identify forward-looking statements. Any forward-looking statements are made subject to risks and uncertainties which could cause actual results to differ materially from those stated. Those risks and uncertainties include, among other things, declines in general economic and business conditions, increased competition, changes in demographics, changes in political and social conditions, regulatory initiatives and changes in customer preferences, many of which are beyond our control and the control of any other person or entity related to this offering. The forward-looking statements made in this free writing prospectus are made as of the date stated on the cover. We have no obligation to update or revise any forward-looking statement.
IMPORTANT NOTICE REGARDING THE OFFERED CERTIFICATES
The information herein is preliminary and may be supplemented or amended prior to the time of sale.
In addition, the Offered Certificates referred to in these materials and the asset pool backing them are subject to modification or revision (including the possibility that one or more classes of certificates may be split, combined, or eliminated at any time prior to issuance or availability of a final prospectus) and are offered on a "when, as and if issued" basis.
The underwriters described in these materials may from time to time perform investment banking services for, or solicit investment banking business from, any company named in these materials. The underwriters and/or their affiliates or respective employees may from time to time have a long or short position in any security or contract discussed in these materials.
The information contained herein supersedes any previous such information delivered to any prospective investor and will be superseded by information delivered to such prospective investor prior to the time of sale.
IMPORTANT NOTICE RELATING TO AUTOMATICALLY-GENERATED EMAIL DISCLAIMERS
Any legends, disclaimers or other notices that may appear at the bottom of any 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) any representation that these materials are accurate or complete and may not be updated or (3) these materials possibly being confidential, are not applicable to these materials and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of these materials having been sent via Bloomberg or another system.
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
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 |
1 | 25 | |||||||||||
1 | Loan | 1, 6, 7, 12, 16, 19, 23, 27, 28 | 20 | GNL Industrial Portfolio | 9.8% | BMO, SGFC, Barclays, KeyBank | BMO, Barclays, SGFC, KeyBank | NAP | NAP | Various | Various | |
1.01 | Property | 1 | FCA USA - Detroit, MI | 2.9% | 29.7% | 6836 Georgia Street | Detroit | |||||
1.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | 1.1% | 11.7% | 52888 Shelby Parkway | Shelby Township | |||||
1.03 | Property | 1 | Follett School - McHenry, IL | 0.8% | 8.5% | 1340 Ridgeview Drive | McHenry | |||||
1.04 | Property | 1 | Shaw Aero - Naples, FL | 0.5% | 4.9% | 3580 Shaw Boulevard | Naples | |||||
1.05 | Property | 1 | Kuka - Sterling Heights, MI | 0.4% | 4.5% | 7408 Metro Parkway | Sterling Heights | |||||
1.06 | Property | 1 | ZF Active Safety - Findlay, OH | 0.4% | 4.4% | 1750 Production Drive | Findlay | |||||
1.07 | Property | 1 | CF Sauer - 184 Suburban | 0.4% | 4.1% | 184 Suburban Road | San Luis Obispo | |||||
1.08 | Property | 1 | CF Sauer - 728 N Main St. | 0.4% | 4.1% | 728 North Main Street | Mauldin | |||||
1.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | 0.4% | 3.6% | 130 Enterprise Drive | Pittsburgh | |||||
1.10 | Property | 1 | Hannibal - Houston, TX | 0.4% | 3.6% | 6501 Bingle Road | Houston | |||||
1.11 | Property | 1 | FedEx IV - Lexington, KY | 0.3% | 3.3% | 2024 Buck Lane | Lexington | |||||
1.12 | Property | 1 | VersaFlex - Kansas City, KS | 0.3% | 3.1% | 686 Adams Street and 33 Shawnee Avenue | Kansas City | |||||
1.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | 0.3% | 2.7% | 301 Larcel Drive | Sikeston | |||||
1.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | 0.3% | 2.6% | 1850 Clark Road | Havre de Grace | |||||
1.15 | Property | 1 | CSTK - St. Louis, MO | 0.2% | 2.5% | 420 East Carrie Avenue | St. Louis | |||||
1.16 | Property | 1 | CF Sauer - 39 S Park Dr. | 0.2% | 2.5% | 39 South Park Drive | Mauldin | |||||
1.17 | Property | 1 | AM Castle - Wichita, KS | 0.2% | 2.4% | 3050 South Hydraulic Avenue | Wichita | |||||
1.18 | Property | 1 | CF Sauer - 9 Old Mill Road | 0.1% | 1.3% | 9 Old Mill Road | Mauldin | |||||
1.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | 0.0% | 0.2% | 2447 Eunice Avenue | Orlando | |||||
1.20 | Property | 1 | CF Sauer - 513 West Butler Road | 0.0% | 0.1% | 513 West Butler Road | Mauldin | |||||
2 | Loan | 2, 4, 5, 6, 16, 30 | 6 | Champion MSU Student Housing Portfolio | 5.5% | GACC | GACC | NAP | NAP | Various | East Lansing | |
2.01 | Property | 1 | 731 Burcham Drive | 1.5% | 27.0% | 731 Burcham Drive | East Lansing | |||||
2.02 | Property | 1 | 745 Burcham Drive | 1.5% | 26.5% | 745 Burcham Drive | East Lansing | |||||
2.03 | Property | 1 | 635 Abbot Road | 1.2% | 22.1% | 635 Abbot Road | East Lansing | |||||
2.04 | Property | 1 | 767 Burcham Drive | 0.9% | 15.7% | 767 Burcham Drive | East Lansing | |||||
2.05 | Property | 1 | 787 Burcham Drive | 0.3% | 5.6% | 787 Burcham Drive | East Lansing | |||||
2.06 | Property | 1 | 129 Burcham Drive | 0.2% | 3.2% | 129 Burcham Drive | East Lansing | |||||
3 | Loan | 1, 2, 7, 16, 27, 28 | 1 | 620 W 153rd Street | 4.6% | 100.0% | BMO, AREF2 | BMO, AREF2, SMC | NAP | NAP | 620 West 153rd Street | New York |
4 | Loan | 23 | 1 | 1640 Sepulveda | 4.5% | 100.0% | AREF2 | AREF2 | NAP | NAP | 1640 South Sepulveda Boulevard | Los Angeles |
5 | Loan | 2, 4, 7, 17, 28 | 1 | University Pointe | 4.5% | 100.0% | CREFI | CREFI | NAP | NAP | 6350 Griffin Road | Davie |
6 | Loan | 6 | 3 | BPW Houston Multifamily Portfolio | 3.9% | SMC | SMC | NAP | NAP | Various | Various | |
6.01 | Property | 1 | Bayou Willows | 1.6% | 41.0% | 4102 Young Street | Pasadena | |||||
6.02 | Property | 1 | Weston Oaks | 1.5% | 38.8% | 1111 and 1141 Burke Road | Pasadena | |||||
6.03 | Property | 1 | Pleasant Village | 0.8% | 20.2% | 1922 Pleasantville Drive | Houston | |||||
7 | Loan | 1, 7, 9, 12, 13, 17, 19, 23, 24 | 1 | 640 5th Avenue | 3.1% | 100.0% | GSBI, MSBNA, BMO | BMO | NAP | NAP | 640 5th Avenue | New York |
8 | Loan | 2, 7, 10, 24 | 1 | 28-40 West 23rd Street | 3.1% | 100.0% | CREFI | CREFI | NAP | NAP | 28-40 West 23rd Street | New York |
9 | Loan | 10, 13, 27, 30 | 1 | Country View Apartments | 2.7% | 100.0% | LMF | LMF | NAP | NAP | 3990 Stephanie Lane | Memphis |
10 | Loan | 5 | 1 | Courtyard Fort Myers at I-75 | 2.7% | 100.0% | SMC | SMC | Group A | NAP | 10050 Gulf Center Drive | Fort Myers |
11 | Loan | 2, 4, 6, 7, 12, 20, 27, 30 | 10 | Bedrock Mixed-Use Portfolio | 2.5% | GACC | GACC | NAP | NAP | Various | Detroit | |
11.01 | Property | 1 | Trio on Fort Street | 0.6% | 26.0% | 158 Rademacher Street, 201 Waterman Street & 6401 and 6451 West Fort Street | Detroit | |||||
11.02 | Property | 1 | 28 Grand Apartments | 0.3% | 12.1% | 28 West Grand River Avenue | Detroit | |||||
11.03 | Property | 1 | Madison Building | 0.3% | 10.9% | 1555 Broadway Street | Detroit | |||||
11.04 | Property | 1 | 1274 Library Street | 0.3% | 10.9% | 1274 Library Street | Detroit | |||||
11.05 | Property | 1 | The Ferguson Apartments | 0.3% | 10.8% | 1426-1454 Woodward Avenue | Detroit | |||||
11.06 | Property | 1 | Lofts of Merchant Row | 0.2% | 9.1% | 1247, 1261, and 1275 Woodward Avenue | Detroit | |||||
11.07 | Property | 1 | 620 and 630 Woodward Avenue | 0.2% | 7.7% | 620 and 630 Woodward Avenue | Detroit | |||||
11.08 | Property | 1 | The Globe Building | 0.2% | 7.6% | 407 East Fort Street | Detroit | |||||
11.09 | Property | 1 | 1500 Woodward Avenue | 0.1% | 2.8% | 1500 Woodward Avenue | Detroit | |||||
11.10 | Property | 1 | Fourteen56 Apartments | 0.1% | 2.1% | 1456 Woodward Avenue | Detroit | |||||
12 | Loan | 3, 7, 12, 24, 30 | 1 | Syngenta Woodland | 2.4% | 100.0% | DBRI | GACC | NAP | NAP | 21435 County Road 98 | Woodland |
13 | Loan | 5, 7, 12, 15, 19, 23 | 1 | Crescent Center | 2.3% | 100.0% | GSC2 | GCMC | NAP | NAP | 6075 Poplar Avenue | Memphis |
14 | Loan | 2, 10, 19, 20, 21, 23 | 1 | ASC Business Park | 2.1% | 100.0% | Barclays | Barclays | NAP | NAP | 128 Bingham Road | Asheville |
15 | Loan | 6, 27 | 4 | Philadelphia Multifamily Portfolio | 2.1% | AREF2 | AREF2 | NAP | NAP | Various | Philadelphia | |
15.01 | Property | 1 | 2105 Germantown Avenue | 0.7% | 32.4% | 2105 Germantown Avenue | Philadelphia | |||||
15.02 | Property | 1 | 719, 723-727 North 35th Street | 0.5% | 25.8% | 719, 723-727 North 35th Street | Philadelphia | |||||
15.03 | Property | 1 | 2101-2111 North Fairhill Street | 0.5% | 23.7% | 2101-2111 North Fairhill Street | Philadelphia | |||||
15.04 | Property | 1 | 2215 North 7th Street | 0.4% | 18.2% | 2215 North 7th Street | Philadelphia | |||||
16 | Loan | 6 | 3 | Cityline NY FL & TN Portfolio | 2.1% | CREFI | CREFI | NAP | NAP | Various | Various | |
16.01 | Property | 1 | Storage Sense - Chatham & Canaan | 0.8% | 39.4% | 1101 New York Highway 295; 30 Flints Crossing Road | East Chatham; Canaan | |||||
16.02 | Property | 1 | Storage Sense - Clarksville | 0.7% | 35.8% | 560 Tiny Town Road | Clarksville | |||||
16.03 | Property | 1 | Storage Sense – Punta Gorda | 0.5% | 24.8% | 150 Rio Villa Drive | Punta Gorda | |||||
17 | Loan | 16, 28 | 1 | Lofts at Dallas Mill | 2.0% | 100.0% | CREFI | CREFI | NAP | NAP | 415 Halsey Avenue Northeast | Huntsville |
18 | Loan | 1, 4, 7, 12, 14, 19, 20, 23 | 1 | Kenwood Towne Centre | 1.9% | 100.0% | WFBNA, GSBI, SGFC | SGFC | Group B | NAP | 7875 Montgomery Road | Cincinnati |
19 | Loan | 2, 7, 21, 23, 24 | 1 | Wateridge | 1.9% | 100.0% | DBRI | GACC | Group B | NAP | 5035-5045 West Slauson Avenue and 5100-5150 West Goldleaf Circle | Los Angeles |
20 | Loan | 1, 7, 23 | 1 | 1099 New York Avenue | 1.9% | 100.0% | Barclays, AREF2 | AREF2 | NAP | NAP | 1099 New York Avenue Northwest | Washington |
21 | Loan | 19 | 1 | 48 E 57th Street | 1.9% | 100.0% | KeyBank | KeyBank | NAP | NAP | 48 East 57th Street | New York |
22 | Loan | 10, 15, 23 | 1 | Hooksett Village | 1.9% | 100.0% | KeyBank | KeyBank | NAP | NAP | 1328 Hooksett Road | Hooksett |
23 | Loan | 5, 16, 27 | 1 | 637 E 223rd Street | 1.8% | 100.0% | UBS AG | UBS AG | NAP | NAP | 637 East 223rd Street | Bronx |
24 | Loan | 17, 19, 20 | 1 | Town & Country Plaza | 1.7% | 100.0% | SMC | SMC | NAP | NAP | 2220-2430 West Thomas Street | Hammond |
25 | Loan | 5 | 1 | SpringHill Suites Fort Myers Airport | 1.5% | 100.0% | SMC | SMC | Group A | NAP | 9501 Marketplace Road | Fort Myers |
26 | Loan | 2, 4, 5, 14, 16, 27, 28 | 1 | 2460 White Plains Road & 708 Mace Avenue | 1.5% | 100.0% | SMC | SMC | NAP | NAP | 2460 White Plains Road & 708 Mace Avenue | Bronx |
27 | Loan | 6, 7, 19 | 2 | The Pointe & Oak Shadows | 1.5% | SMC | SMC | NAP | NAP | Various | Various | |
27.01 | Property | 1 | The Pointe | 1.2% | 79.2% | 4101 Shaver Street | Pasadena | |||||
27.02 | Property | 1 | Oak Shadows | 0.3% | 20.8% | 4801 Allendale Road | Houston | |||||
28 | Loan | 19, 30 | 1 | 55 Pharr | 1.4% | 100.0% | Barclays | Barclays | NAP | NAP | 55 Pharr Road Northwest | Atlanta |
29 | Loan | 10, 15 | 1 | Citrus Center | 1.4% | 100.0% | KeyBank | KeyBank | NAP | NAP | 2601-2691 & 2875 East Gulf to Lake Highway | Inverness |
30 | Loan | 16, 20 | 1 | 152 Geary Street | 1.3% | 100.0% | SMC | SMC | NAP | NAP | 152 Geary Street | San Francisco |
31 | Loan | 2, 4, 6, 16 | 2 | Toobian NY Portfolio | 1.3% | SMC | SMC | NAP | NAP | Various | Various | |
31.01 | Property | 1 | 235, 239 and 241 East 39th Street | 0.9% | 70.1% | 235, 239 and 241 East 39th Street | New York | |||||
31.02 | Property | 1 | 1437 Old Northern Boulevard | 0.4% | 29.9% | 1437 Old Northern Boulevard | Roslyn | |||||
32 | Loan | 1 | Grande Woods South MHC | 1.3% | 100.0% | LMF | LMF | NAP | NAP | 3170 Route 9 South | Rio Grande | |
33 | Loan | 16 | 1 | Western Falcon | 1.3% | 100.0% | CREFI | CREFI | NAP | NAP | 11011 Sheldon Road | Houston |
34 | Loan | 6, 10, 24 | 2 | Stor-More-Laredo Self Storage | 1.3% | KeyBank | KeyBank | NAP | NAP | Various | Laredo | |
34.01 | Property | 1 | Muller Rd | 0.8% | 63.2% | 1315 Muller Road | Laredo | |||||
34.02 | Property | 1 | Industrial Blvd | 0.5% | 36.8% | 1506 Industrial Boulevard | Laredo | |||||
35 | Loan | 2, 4, 16, 27, 28 | 1 | Centurion Union Phase III | 1.2% | 100.0% | SMC | SMC | NAP | NAP | 946 Stuyvesant Avenue | Union |
36 | Loan | 1 | 262-282 Cabrini Boulevard | 1.2% | 100.0% | Barclays | Barclays | NAP | NAP | 262-282 Cabrini Boulevard | New York | |
37 | Loan | 16 | 1 | Country Place Apartments | 1.2% | 100.0% | UBS AG | UBS AG | NAP | NAP | 4000 Gillionville Road | Albany |
38 | Loan | 1 | Hunter's Run | 1.1% | 100.0% | GSC2 | GCMC | NAP | NAP | 1030 Hunters Run Drive | Lebanon | |
39 | Loan | 4, 16, 19, 28, 30 | 1 | Griffin Capital Plaza | 1.0% | 100.0% | SGFC | SGFC | NAP | NAP | 1520 East Grand Avenue and 266 Kansas Street | El Segundo |
40 | Loan | 16 | 1 | 322 Graham Avenue | 1.0% | 100.0% | SMC | SMC | NAP | NAP | 322 Graham Avenue | Brooklyn |
A-1-1 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
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 |
1 | 25 | |||||||||||
41 | Loan | 2, 6 | 3 | Griffith MHC Portfolio | 1.0% | UBS AG | UBS AG | NAP | NAP | Various | Various | |
41.01 | Property | 1 | Gobblers Knob | 0.4% | 39.2% | 237 Early Lane | Hollister | |||||
41.02 | Property | 1 | Westwood Manor | 0.3% | 30.7% | 7115 Stewart Road | Liberty | |||||
41.03 | Property | 1 | Hidden Valley | 0.3% | 30.1% | 220-491 Hidden Valley Road and 110 Creek Drive | Hollister | |||||
42 | Loan | 16, 19 | 1 | 2 Palmer Terrace | 0.9% | 100.0% | SMC | SMC | NAP | NAP | 2 Palmer Terrace | Carlstadt |
43 | Loan | 1 | Silver Oaks Business Park | 0.8% | 100.0% | SMC | SMC | NAP | NAP | 19314, 19322, 19330 and 19340 Jesse Lane | Riverside | |
44 | Loan | 10, 27 | 1 | Extra Space Storage Chicago Heights | 0.7% | 100.0% | KeyBank | KeyBank | NAP | NAP | 515 West Lincoln Highway, 515 13th Street and 1322 D'Amico Drive | Chicago Heights |
45 | Loan | 6, 26 | 2 | MIC St. Louis & Memphis | 0.7% | KeyBank | KeyBank | NAP | NAP | Various | Various | |
45.01 | Property | 1 | St. Louis Spruce | 0.5% | 69.5% | 1300 Spruce Street | Saint Louis | |||||
45.02 | Property | 1 | Memphis Poplar | 0.2% | 30.5% | 212 Poplar Avenue | Memphis | |||||
46 | Loan | 2, 6, 16 | 2 | Anchor MHC and Tropical Circle MHC Portfolio | 0.6% | SMC | SMC | NAP | NAP | Various | Various | |
46.01 | Property | 1 | Anchor MHC | 0.5% | 92.1% | 8500 Fairforest Road | Spartanburg | |||||
46.02 | Property | 1 | Tropical Circle MHC | 0.0% | 7.9% | 100 Tropical Circle | Inman | |||||
47 | Loan | 1 | Cordova Court Apartments | 0.5% | 100.0% | SMC | SMC | NAP | NAP | 900 Westgate Drive | Bossier City | |
48 | Loan | 6 | 2 | Otto Storage Portfolio | 0.5% | KeyBank | KeyBank | NAP | NAP | Various | Various | |
48.01 | Property | 1 | D Highway Storage | 0.3% | 70.9% | 2079 Highway D | Farmington | |||||
48.02 | Property | 1 | O Road Storage | 0.1% | 29.1% | 12284 and 12880 Old Potosi Road and 12203, 12875 & 12345 State Highway O | Ste Genevieve | |||||
49 | Loan | 2, 16 | 1 | All Purpose Storage Burlington | 0.4% | 100.0% | UBS AG | UBS AG | NAP | NAP | 46 and 55 Swift Street | South Burlington |
50 | Loan | 2, 16, 23 | 1 | The Riley - 880 Manhattan Avenue | 0.4% | 100.0% | KeyBank | KeyBank | NAP | NAP | 880 Manhattan Avenue | Brooklyn |
A-1-2 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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 ($) |
2 | 2 | 3 | 6, 7 | 6, 7 | ||||||||||||
1 | Loan | 1, 6, 7, 12, 16, 19, 23, 27, 28 | 20 | GNL Industrial Portfolio | Various | Various | Various | Various | Various | Various | Various | 3,908,306 | SF | 60.64 | 78,400,000 | 78,400,000 |
1.01 | Property | 1 | FCA USA - Detroit, MI | Wayne | MI | 48211 | Industrial | Warehouse / Distribution | 2015 | 2017, 2020 | 997,022 | SF | 23,320,025 | 23,320,025 | ||
1.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | Macomb | MI | 48316 | Industrial | Manufacturing | 2017 | NAP | 359,807 | SF | 9,192,615 | 9,192,615 | ||
1.03 | Property | 1 | Follett School - McHenry, IL | McHenry | IL | 60050 | Industrial | Warehouse / Distribution | 1996 | 2002 | 486,868 | SF | 6,698,495 | 6,698,495 | ||
1.04 | Property | 1 | Shaw Aero - Naples, FL | Collier | FL | 34117 | Industrial | Manufacturing / Flex | 1999 | NAP | 130,581 | SF | 3,830,256 | 3,830,256 | ||
1.05 | Property | 1 | Kuka - Sterling Heights, MI | Macomb | MI | 48312 | Industrial | Warehouse / Distribution | 2006 | NAP | 200,000 | SF | 3,554,121 | 3,554,121 | ||
1.06 | Property | 1 | ZF Active Safety - Findlay, OH | Hancock | OH | 45840 | Industrial | Manufacturing / Warehouse | 2018 | NAP | 216,300 | SF | 3,465,046 | 3,465,046 | ||
1.07 | Property | 1 | CF Sauer - 184 Suburban | San Luis Obispo | CA | 93401 | Industrial | Manufacturing | 1998 | NAP | 106,066 | SF | 3,206,726 | 3,206,726 | ||
1.08 | Property | 1 | CF Sauer - 728 N Main St. | Greenville | SC | 29662 | Industrial | Warehouse / Distribution | 1970 | NAP | 247,000 | SF | 3,188,911 | 3,188,911 | ||
1.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | Allegheny | PA | 15275 | Industrial | Distribution / Flex | 2015 | 2024 | 85,646 | SF | 2,859,331 | 2,859,331 | ||
1.10 | Property | 1 | Hannibal - Houston, TX | Harris | TX | 77092 | Industrial | Manufacturing / Distribution | 1978 | 2016 | 109,000 | SF | 2,832,608 | 2,832,608 | ||
1.11 | Property | 1 | FedEx IV - Lexington, KY | Fayette | KY | 40511 | Industrial | Warehouse / Distribution | 2006 | 2012 | 138,487 | SF | 2,618,826 | 2,618,826 | ||
1.12 | Property | 1 | VersaFlex - Kansas City, KS | Wyandotte | KS | 66105 | Industrial | Manufacturing | 1977 | 1990 | 113,000 | SF | 2,396,137 | 2,396,137 | ||
1.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | New Madrid | MO | 63801 | Industrial | Warehouse / Distribution | 2016 | NAP | 170,000 | SF | 2,120,002 | 2,120,002 | ||
1.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | Harford | MD | 21078 | Industrial | Warehouse / Distribution | 2002 | NAP | 120,000 | SF | 2,013,112 | 2,013,112 | ||
1.15 | Property | 1 | CSTK - St. Louis, MO | City of St. Louis | MO | 63147 | Industrial | Warehouse | 2015 | NAP | 56,029 | SF | 1,995,296 | 1,995,296 | ||
1.16 | Property | 1 | CF Sauer - 39 S Park Dr. | Greenville | SC | 29607 | Industrial | Warehouse / Distribution | 1982 | NAP | 152,000 | SF | 1,959,666 | 1,959,666 | ||
1.17 | Property | 1 | AM Castle - Wichita, KS | Sedgwick | KS | 67216 | Industrial | Manufacturing | 1976 | NAP | 127,600 | SF | 1,888,405 | 1,888,405 | ||
1.18 | Property | 1 | CF Sauer - 9 Old Mill Road | Greenville | SC | 29607 | Industrial | Warehouse / Distribution | 1960 | 2004 | 80,000 | SF | 1,033,278 | 1,033,278 | ||
1.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | Orange | FL | 32808 | Industrial | Warehouse / Distribution | 1971 | NAP | 6,900 | SF | 138,067 | 138,067 | ||
1.20 | Property | 1 | CF Sauer - 513 West Butler Road | Greenville | SC | 29662 | Office | Suburban | 2000 | 2004 | 6,000 | SF | 89,076 | 89,076 | ||
2 | Loan | 2, 4, 5, 6, 16, 30 | 6 | Champion MSU Student Housing Portfolio | Ingham | MI | 48823 | Multifamily | Student Housing | Various | 2023 | 524 | Beds | 83,969.47 | 44,000,000 | 44,000,000 |
2.01 | Property | 1 | 731 Burcham Drive | Ingham | MI | 48823 | Multifamily | Student Housing | 1967 | 2023 | 140 | Beds | 11,873,000 | 11,873,000 | ||
2.02 | Property | 1 | 745 Burcham Drive | Ingham | MI | 48823 | Multifamily | Student Housing | 1964 | 2023 | 124 | Beds | 11,663,500 | 11,663,500 | ||
2.03 | Property | 1 | 635 Abbot Road | Ingham | MI | 48823 | Multifamily | Student Housing | 1966 | 2023 | 125 | Beds | 9,708,000 | 9,708,000 | ||
2.04 | Property | 1 | 767 Burcham Drive | Ingham | MI | 48823 | Multifamily | Student Housing | 2008 | 2023 | 90 | Beds | 6,914,300 | 6,914,300 | ||
2.05 | Property | 1 | 787 Burcham Drive | Ingham | MI | 48823 | Multifamily | Student Housing | 1969 | 2023 | 33 | Beds | 2,444,400 | 2,444,400 | ||
2.06 | Property | 1 | 129 Burcham Drive | Ingham | MI | 48823 | Multifamily | Student Housing | 1964 | 2023 | 12 | Beds | 1,396,800 | 1,396,800 | ||
3 | Loan | 1, 2, 7, 16, 27, 28 | 1 | 620 W 153rd Street | New York | NY | 10031 | Multifamily | High Rise | 2023 | NAP | 238 | Units | 491,596.64 | 37,000,000 | 37,000,000 |
4 | Loan | 23 | 1 | 1640 Sepulveda | Los Angeles | CA | 90025 | Office | CBD | 1987 | 2024 | 157,840 | SF | 229.98 | 36,300,000 | 36,300,000 |
5 | Loan | 2, 4, 7, 17, 28 | 1 | University Pointe | Broward | FL | 33314 | Multifamily | Student Housing | 2019 | NAP | 877 | Beds | 97,890.54 | 35,850,000 | 35,850,000 |
6 | Loan | 6 | 3 | BPW Houston Multifamily Portfolio | Harris | TX | Various | Multifamily | Garden | Various | Various | 619 | Units | 50,080.78 | 31,000,000 | 31,000,000 |
6.01 | Property | 1 | Bayou Willows | Harris | TX | 77504 | Multifamily | Garden | 1978 | 2022 | 212 | Units | 12,716,446 | 12,716,446 | ||
6.02 | Property | 1 | Weston Oaks | Harris | TX | 77506 | Multifamily | Garden | 1970 | 2019 | 267 | Units | 12,013,233 | 12,013,233 | ||
6.03 | Property | 1 | Pleasant Village | Harris | TX | 77029 | Multifamily | Garden | 1972 | 2023 | 140 | Units | 6,270,321 | 6,270,321 | ||
7 | Loan | 1, 7, 9, 12, 13, 17, 19, 23, 24 | 1 | 640 5th Avenue | New York | NY | 10022 | Mixed Use | Office / Retail | 1949 | 2003 | 314,533 | SF | 953.79 | 25,000,000 | 25,000,000 |
8 | Loan | 2, 7, 10, 24 | 1 | 28-40 West 23rd Street | New York | NY | 10010 | Mixed Use | Office / Retail | 1911 | 1987 | 578,105 | SF | 268.12 | 25,000,000 | 25,000,000 |
9 | Loan | 10, 13, 27, 30 | 1 | Country View Apartments | Shelby | TN | 38128 | Multifamily | Garden | 1973, 1985 | 2024 | 321 | Units | 66,978.19 | 21,500,000 | 21,500,000 |
10 | Loan | 5 | 1 | Courtyard Fort Myers at I-75 | Lee | FL | 33913 | Hospitality | Select Service | 2007 | 2015 | 134 | Rooms | 159,141.79 | 21,325,000 | 21,325,000 |
11 | Loan | 2, 4, 6, 7, 12, 20, 27, 30 | 10 | Bedrock Mixed-Use Portfolio | Wayne | MI | Various | Various | Various | Various | Various | 853,067 | SF | 87.92 | 20,000,000 | 20,000,000 |
11.01 | Property | 1 | Trio on Fort Street | Wayne | MI | 48209 | Industrial | Manufacturing | 2001 | 2018 | 563,782 | SF | 5,202,522 | 5,202,522 | ||
11.02 | Property | 1 | 28 Grand Apartments | Wayne | MI | 48226 | Multifamily | High Rise | 2016 | NAP | 133 | Units | 2,420,114 | 2,420,114 | ||
11.03 | Property | 1 | Madison Building | Wayne | MI | 48226 | Office | CBD | 1917 | 2006 | 58,869 | SF | 2,188,247 | 2,188,247 | ||
11.04 | Property | 1 | 1274 Library Street | Wayne | MI | 48226 | Mixed Use | Retail / Office | 1917 | 1975 | 40,666 | SF | 2,173,756 | 2,173,756 | ||
11.05 | Property | 1 | The Ferguson Apartments | Wayne | MI | 48226 | Multifamily | Mid Rise | 1897 | 2015 | 55 | Units | 2,159,264 | 2,159,264 | ||
11.06 | Property | 1 | Lofts of Merchant Row | Wayne | MI | 48226 | Retail | Anchored | 1891 | 2017 | 50,983 | SF | 1,811,463 | 1,811,463 | ||
11.07 | Property | 1 | 620 and 630 Woodward Avenue | Wayne | MI | 48226 | Office | CBD | 1880 | 2013 | 39,602 | SF | 1,531,773 | 1,531,773 | ||
11.08 | Property | 1 | The Globe Building | Wayne | MI | 48226 | Office | CBD | 1888 | 2020 | 47,310 | SF | 1,518,731 | 1,518,731 | ||
11.09 | Property | 1 | 1500 Woodward Avenue | Wayne | MI | 48226 | Mixed Use | Office / Retail | 1891 | 2020 | 21,703 | SF | 565,176 | 565,176 | ||
11.10 | Property | 1 | Fourteen56 Apartments | Wayne | MI | 48226 | Multifamily | Mid Rise | 1924 | 2024 | 6 | Units | 428,954 | 428,954 | ||
12 | Loan | 3, 7, 12, 24, 30 | 1 | Syngenta Woodland | Yolo | CA | 95695 | Industrial | R&D | 1984 | 2014, 2021 | 115,664 | SF | 255.79 | 19,585,518 | 19,585,518 |
13 | Loan | 5, 7, 12, 15, 19, 23 | 1 | Crescent Center | Shelby | TN | 38119 | Office | Suburban | 1986 | 2001, 2020 | 356,188 | SF | 145.99 | 18,250,000 | 18,250,000 |
14 | Loan | 2, 10, 19, 20, 21, 23 | 1 | ASC Business Park | Buncombe | NC | 28806 | Industrial | Flex | 1954 | 2008 | 296,991 | SF | 57.24 | 17,000,000 | 17,000,000 |
15 | Loan | 6, 27 | 4 | Philadelphia Multifamily Portfolio | Philadelphia | PA | Various | Multifamily | Low Rise | 2023 | NAP | 88 | Units | 190,909.09 | 16,800,000 | 16,800,000 |
15.01 | Property | 1 | 2105 Germantown Avenue | Philadelphia | PA | 19122 | Multifamily | Low Rise | 2023 | NAP | 32 | Units | 5,440,000 | 5,440,000 | ||
15.02 | Property | 1 | 719, 723-727 North 35th Street | Philadelphia | PA | 19104 | Multifamily | Low Rise | 2023 | NAP | 25 | Units | 4,330,000 | 4,330,000 | ||
15.03 | Property | 1 | 2101-2111 North Fairhill Street | Philadelphia | PA | 19122 | Multifamily | Low Rise | 2023 | NAP | 18 | Units | 3,980,000 | 3,980,000 | ||
15.04 | Property | 1 | 2215 North 7th Street | Philadelphia | PA | 19133 | Multifamily | Low Rise | 2023 | NAP | 13 | Units | 3,050,000 | 3,050,000 | ||
16 | Loan | 6 | 3 | Cityline NY FL & TN Portfolio | Various | Various | Various | Self Storage | Self Storage | Various | Various | 206,318 | SF | 81.23 | 16,760,000 | 16,760,000 |
16.01 | Property | 1 | Storage Sense - Chatham & Canaan | Columbia | NY | 12060; 12029 | Self Storage | Self Storage | 2003, 2017 | NAP | 66,225 | SF | 6,600,000 | 6,600,000 | ||
16.02 | Property | 1 | Storage Sense - Clarksville | Montgomery | TN | 37042 | Self Storage | Self Storage | 1994 | NAP | 70,493 | SF | 6,000,000 | 6,000,000 | ||
16.03 | Property | 1 | Storage Sense – Punta Gorda | Charlotte | FL | 33950 | Self Storage | Self Storage | 2013 | 2023 | 69,600 | SF | 4,160,000 | 4,160,000 | ||
17 | Loan | 16, 28 | 1 | Lofts at Dallas Mill | Madison | AL | 35801 | Multifamily | Garden | 2023 | NAP | 148 | Units | 107,770.27 | 15,950,000 | 15,950,000 |
18 | Loan | 1, 4, 7, 12, 14, 19, 20, 23 | 1 | Kenwood Towne Centre | Hamilton | OH | 45236 | Retail | Super Regional Mall | 1958 | 1988, 2003, 2009, 2019-2023 | 1,033,141 | SF | 251.66 | 15,000,000 | 15,000,000 |
19 | Loan | 2, 7, 21, 23, 24 | 1 | Wateridge | Los Angeles | CA | 90056 | Office | Suburban | 1987-2005 | NAP | 576,938 | SF | 112.66 | 15,000,000 | 15,000,000 |
20 | Loan | 1, 7, 23 | 1 | 1099 New York Avenue | District of Columbia | DC | 20001 | Office | CBD | 2008 | NAP | 179,585 | SF | 317.40 | 15,000,000 | 15,000,000 |
21 | Loan | 19 | 1 | 48 E 57th Street | New York | NY | 10022 | Mixed Use | Retail / Office | 1930 | 2018 | 11,990 | SF | 1,251.04 | 15,000,000 | 15,000,000 |
22 | Loan | 10, 15, 23 | 1 | Hooksett Village | Merrimack | NH | 03106 | Retail | Anchored | 1989 | NAP | 249,136 | SF | 59.61 | 14,850,000 | 14,850,000 |
23 | Loan | 5, 16, 27 | 1 | 637 E 223rd Street | Bronx | NY | 10466 | Multifamily | Mid Rise | 2023 | NAP | 44 | Units | 335,227.27 | 14,750,000 | 14,750,000 |
24 | Loan | 17, 19, 20 | 1 | Town & Country Plaza | Tangipahoa | LA | 70401 | Retail | Anchored | 1977 | 2017 | 233,177 | SF | 57.34 | 13,370,000 | 13,370,000 |
25 | Loan | 5 | 1 | SpringHill Suites Fort Myers Airport | Lee | FL | 33912 | Hospitality | Limited Service | 2006 | NAP | 106 | Rooms | 116,132.08 | 12,310,000 | 12,310,000 |
26 | Loan | 2, 4, 5, 14, 16, 27, 28 | 1 | 2460 White Plains Road & 708 Mace Avenue | Bronx | NY | 10467 | Multifamily | Mid Rise | 1931, 2023 | NAP | 34 | Units | 354,411.76 | 12,050,000 | 12,050,000 |
27 | Loan | 6, 7, 19 | 2 | The Pointe & Oak Shadows | Harris | TX | Various | Multifamily | Garden | Various | Various | 700 | Units | 66,928.57 | 12,000,000 | 12,000,000 |
27.01 | Property | 1 | The Pointe | Harris | TX | 77504 | Multifamily | Garden | 1971 | 2020 | 518 | Units | 9,507,565 | 9,507,565 | ||
27.02 | Property | 1 | Oak Shadows | Harris | TX | 77017 | Multifamily | Garden | 1976 | 2022 | 182 | Units | 2,492,435 | 2,492,435 | ||
28 | Loan | 19, 30 | 1 | 55 Pharr | Fulton | GA | 30305 | Multifamily | Garden | 1956, 2021 | NAP | 123 | Units | 91,869.92 | 11,300,000 | 11,300,000 |
29 | Loan | 10, 15 | 1 | Citrus Center | Citrus | FL | 34453 | Retail | Anchored | 1987 | NAP | 142,196 | SF | 78.06 | 11,100,000 | 11,100,000 |
30 | Loan | 16, 20 | 1 | 152 Geary Street | San Francisco | CA | 94108 | Retail | Freestanding | 1907 | 2008 | 11,500 | SF | 934.78 | 10,750,000 | 10,750,000 |
31 | Loan | 2, 4, 6, 16 | 2 | Toobian NY Portfolio | Various | NY | Various | Various | Various | Various | Various | 27 | Units | 392,592.59 | 10,600,000 | 10,600,000 |
31.01 | Property | 1 | 235, 239 and 241 East 39th Street | New York | NY | 10016 | Multifamily | Mid Rise | 1900 | 2023 | 24 | Units | 7,432,927 | 7,432,927 | ||
31.02 | Property | 1 | 1437 Old Northern Boulevard | Nassau | NY | 11576 | Mixed Use | Multifamily / Retail | 1840 | 2020 | 3 | Units | 3,167,073 | 3,167,073 | ||
32 | Loan | 1 | Grande Woods South MHC | Cape May | NJ | 08242 | Manufactured Housing | Manufactured Housing | 1966 | NAP | 248 | Pads | 42,338.71 | 10,500,000 | 10,500,000 | |
33 | Loan | 16 | 1 | Western Falcon | Harris | TX | 77044 | Industrial | Manufacturing | 1985 | 2022 | 41,962 | SF | 246.65 | 10,350,000 | 10,350,000 |
34 | Loan | 6, 10, 24 | 2 | Stor-More-Laredo Self Storage | Webb | TX | 78041 | Self Storage | Self Storage | Various | 2022 | 144,520 | SF | 71.62 | 10,350,000 | 10,350,000 |
34.01 | Property | 1 | Muller Rd | Webb | TX | 78041 | Self Storage | Self Storage | 1980 | 2022 | 78,140 | SF | 6,540,226 | 6,540,226 | ||
34.02 | Property | 1 | Industrial Blvd | Webb | TX | 78041 | Self Storage | Self Storage | 1973 | 2022 | 66,380 | SF | 3,809,774 | 3,809,774 | ||
35 | Loan | 2, 4, 16, 27, 28 | 1 | Centurion Union Phase III | Union | NJ | 07083 | Multifamily | Mid Rise | 2024 | NAP | 27 | Units | 359,259.26 | 9,700,000 | 9,700,000 |
36 | Loan | 1 | 262-282 Cabrini Boulevard | New York | NY | 10040 | Multifamily | Mid Rise | 1930 | 2020-2023 | 55 | Units | 174,545.45 | 9,600,000 | 9,600,000 | |
37 | Loan | 16 | 1 | Country Place Apartments | Dougherty | GA | 31721 | Multifamily | Garden | 1981 | 2020-2023 | 144 | Units | 65,972.22 | 9,500,000 | 9,500,000 |
38 | Loan | 1 | Hunter's Run | Warren | OH | 45036 | Multifamily | Garden | 1994 | NAP | 114 | Units | 74,561.40 | 8,500,000 | 8,500,000 | |
39 | Loan | 4, 16, 19, 28, 30 | 1 | Griffin Capital Plaza | Los Angeles | CA | 90245 | Office | Suburban | 2013 | NAP | 27,198 | SF | 305.17 | 8,300,000 | 8,300,000 |
40 | Loan | 16 | 1 | 322 Graham Avenue | Kings | NY | 11211 | Multifamily | Mid Rise | 2022 | NAP | 10 | Units | 820,000.00 | 8,200,000 | 8,200,000 |
A-1-3 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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 ($) | Cut-off Date Balance ($) |
2 | 2 | 3 | 6, 7 | 6, 7 | ||||||||||||
41 | Loan | 2, 6 | 3 | Griffith MHC Portfolio | Various | MO | Various | Manufactured Housing | Manufactured Housing | Various | NAP | 271 | Pads | 29,889.30 | 8,100,000 | 8,100,000 |
41.01 | Property | 1 | Gobblers Knob | Taney | MO | 65672 | Manufactured Housing | Manufactured Housing | 1971 | NAP | 111 | Pads | 3,175,000 | 3,175,000 | ||
41.02 | Property | 1 | Westwood Manor | Clay | MO | 64068 | Manufactured Housing | Manufactured Housing | 1960 | NAP | 79 | Pads | 2,485,000 | 2,485,000 | ||
41.03 | Property | 1 | Hidden Valley | Taney | MO | 65672 | Manufactured Housing | Manufactured Housing | 1976 | NAP | 81 | Pads | 2,440,000 | 2,440,000 | ||
42 | Loan | 16, 19 | 1 | 2 Palmer Terrace | Bergen | NJ | 07072 | Industrial | Warehouse / Distribution | 1977 | 2014 | 60,400 | SF | 119.21 | 7,200,000 | 7,200,000 |
43 | Loan | 1 | Silver Oaks Business Park | Riverside | CA | 92508 | Office | Suburban | 2007 | NAP | 51,950 | SF | 125.12 | 6,500,000 | 6,500,000 | |
44 | Loan | 10, 27 | 1 | Extra Space Storage Chicago Heights | Cook | IL | 60411 | Self Storage | Self Storage | 1990 | 2019 | 78,617 | SF | 76.32 | 6,000,000 | 6,000,000 |
45 | Loan | 6, 26 | 2 | MIC St. Louis & Memphis | Various | Various | Various | Other | Parking | NAP | NAP | 305 | Spaces | 19,269.92 | 5,900,000 | 5,877,327 |
45.01 | Property | 1 | St. Louis Spruce | St. Louis | MO | 63102 | Other | Parking | NAP | NAP | 180 | Spaces | 4,100,200 | 4,084,443 | ||
45.02 | Property | 1 | Memphis Poplar | Shelby | TN | 38103 | Other | Parking | NAP | NAP | 125 | Spaces | 1,799,800 | 1,792,883 | ||
46 | Loan | 2, 6, 16 | 2 | Anchor MHC and Tropical Circle MHC Portfolio | Spartanburg | SC | Various | Manufactured Housing | Manufactured Housing | Various | Various | 92 | Pads | 51,630.43 | 4,750,000 | 4,750,000 |
46.01 | Property | 1 | Anchor MHC | Spartanburg | SC | 29303 | Manufactured Housing | Manufactured Housing | 1956 | NAP | 80 | Pads | 4,375,000 | 4,375,000 | ||
46.02 | Property | 1 | Tropical Circle MHC | Spartanburg | SC | 29349 | Manufactured Housing | Manufactured Housing | 1956 | NAP | 12 | Pads | 375,000 | 375,000 | ||
47 | Loan | 1 | Cordova Court Apartments | Bossier | LA | 71112 | Multifamily | Garden | 1965 | 2005 | 157 | Units | 25,477.71 | 4,000,000 | 4,000,000 | |
48 | Loan | 6 | 2 | Otto Storage Portfolio | Various | MO | Various | Self Storage | Self Storage | Various | NAP | 73,267 | SF | 53.64 | 3,930,000 | 3,930,000 |
48.01 | Property | 1 | D Highway Storage | Saint Francois | MO | 63640 | Self Storage | Self Storage | 2015, 2016, 2017, 2020 | NAP | 44,370 | SF | 2,786,963 | 2,786,963 | ||
48.02 | Property | 1 | O Road Storage | Sainte Genevieve | MO | 63670 | Self Storage | Self Storage | 1985, 1996, 2000, 2014, 2018 | NAP | 28,897 | SF | 1,143,037 | 1,143,037 | ||
49 | Loan | 2, 16 | 1 | All Purpose Storage Burlington | Chittenden | VT | 05403 | Self Storage | Self Storage | 1986, 1987 | NAP | 29,320 | SF | 117.22 | 3,437,000 | 3,437,000 |
50 | Loan | 2, 16, 23 | 1 | The Riley - 880 Manhattan Avenue | Kings | NY | 11222 | Mixed Use | Multifamily / Retail | 1884 | 2023 | 3 | Units | 1,083,333.33 | 3,250,000 | 3,250,000 |
A-1-4 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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) |
6, 7 | 8 | 9 | 9 | 9 | 9 | 11 | ||||||||
1 | Loan | 1, 6, 7, 12, 16, 19, 23, 27, 28 | 20 | GNL Industrial Portfolio | 78,400,000 | 5.74400% | 0.01660% | 5.72740% | NAP | 380,486.81 | NAP | 4,565,841.72 | Interest Only | No |
1.01 | Property | 1 | FCA USA - Detroit, MI | 23,320,025 | ||||||||||
1.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | 9,192,615 | ||||||||||
1.03 | Property | 1 | Follett School - McHenry, IL | 6,698,495 | ||||||||||
1.04 | Property | 1 | Shaw Aero - Naples, FL | 3,830,256 | ||||||||||
1.05 | Property | 1 | Kuka - Sterling Heights, MI | 3,554,121 | ||||||||||
1.06 | Property | 1 | ZF Active Safety - Findlay, OH | 3,465,046 | ||||||||||
1.07 | Property | 1 | CF Sauer - 184 Suburban | 3,206,726 | ||||||||||
1.08 | Property | 1 | CF Sauer - 728 N Main St. | 3,188,911 | ||||||||||
1.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | 2,859,331 | ||||||||||
1.10 | Property | 1 | Hannibal - Houston, TX | 2,832,608 | ||||||||||
1.11 | Property | 1 | FedEx IV - Lexington, KY | 2,618,826 | ||||||||||
1.12 | Property | 1 | VersaFlex - Kansas City, KS | 2,396,137 | ||||||||||
1.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | 2,120,002 | ||||||||||
1.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | 2,013,112 | ||||||||||
1.15 | Property | 1 | CSTK - St. Louis, MO | 1,995,296 | ||||||||||
1.16 | Property | 1 | CF Sauer - 39 S Park Dr. | 1,959,666 | ||||||||||
1.17 | Property | 1 | AM Castle - Wichita, KS | 1,888,405 | ||||||||||
1.18 | Property | 1 | CF Sauer - 9 Old Mill Road | 1,033,278 | ||||||||||
1.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | 138,067 | ||||||||||
1.20 | Property | 1 | CF Sauer - 513 West Butler Road | 89,076 | ||||||||||
2 | Loan | 2, 4, 5, 6, 16, 30 | 6 | Champion MSU Student Housing Portfolio | 44,000,000 | 6.74300% | 0.01660% | 6.72640% | NAP | 250,677.27 | NAP | 3,008,127.24 | Interest Only | No |
2.01 | Property | 1 | 731 Burcham Drive | 11,873,000 | ||||||||||
2.02 | Property | 1 | 745 Burcham Drive | 11,663,500 | ||||||||||
2.03 | Property | 1 | 635 Abbot Road | 9,708,000 | ||||||||||
2.04 | Property | 1 | 767 Burcham Drive | 6,914,300 | ||||||||||
2.05 | Property | 1 | 787 Burcham Drive | 2,444,400 | ||||||||||
2.06 | Property | 1 | 129 Burcham Drive | 1,396,800 | ||||||||||
3 | Loan | 1, 2, 7, 16, 27, 28 | 1 | 620 W 153rd Street | 37,000,000 | 6.13000% | 0.01660% | 6.11340% | NAP | 191,633.45 | NAP | 2,299,601.40 | Interest Only | No |
4 | Loan | 23 | 1 | 1640 Sepulveda | 35,346,542 | 7.47800% | 0.01660% | 7.46140% | 253,268.25 | 229,351.30 | 3,039,219.00 | 2,752,215.60 | Interest Only, Amortizing Balloon | No |
5 | Loan | 2, 4, 7, 17, 28 | 1 | University Pointe | 35,850,000 | 6.70000% | 0.01660% | 6.68340% | NAP | 202,942.53 | NAP | 2,435,310.36 | Interest Only | No |
6 | Loan | 6 | 3 | BPW Houston Multifamily Portfolio | 31,000,000 | 7.80000% | 0.01660% | 7.78340% | NAP | 204,298.61 | NAP | 2,451,583.33 | Interest Only | No |
6.01 | Property | 1 | Bayou Willows | 12,716,446 | ||||||||||
6.02 | Property | 1 | Weston Oaks | 12,013,233 | ||||||||||
6.03 | Property | 1 | Pleasant Village | 6,270,321 | ||||||||||
7 | Loan | 1, 7, 9, 12, 13, 17, 19, 23, 24 | 1 | 640 5th Avenue | 22,812,500 | 6.1293333% | 0.01785% | 6.1114833% | 164,892.27 | NAP | 1,978,707.20 | NAP | Amortizing Balloon | No |
8 | Loan | 2, 7, 10, 24 | 1 | 28-40 West 23rd Street | 25,000,000 | 6.07000% | 0.01660% | 6.05340% | NAP | 128,214.70 | NAP | 1,538,576.40 | Interest Only | No |
9 | Loan | 10, 13, 27, 30 | 1 | Country View Apartments | 21,500,000 | 6.71000% | 0.01660% | 6.69340% | NAP | 121,890.57 | NAP | 1,462,686.84 | Interest Only | No |
10 | Loan | 5 | 1 | Courtyard Fort Myers at I-75 | 21,325,000 | 7.62000% | 0.01660% | 7.60340% | NAP | 137,294.50 | NAP | 1,647,533.96 | Interest Only | No |
11 | Loan | 2, 4, 6, 7, 12, 20, 27, 30 | 10 | Bedrock Mixed-Use Portfolio | 20,000,000 | 6.38500% | 0.01660% | 6.36840% | NAP | 107,894.68 | NAP | 1,294,736.16 | Interest Only | No |
11.01 | Property | 1 | Trio on Fort Street | 5,202,522 | ||||||||||
11.02 | Property | 1 | 28 Grand Apartments | 2,420,114 | ||||||||||
11.03 | Property | 1 | Madison Building | 2,188,247 | ||||||||||
11.04 | Property | 1 | 1274 Library Street | 2,173,756 | ||||||||||
11.05 | Property | 1 | The Ferguson Apartments | 2,159,264 | ||||||||||
11.06 | Property | 1 | Lofts of Merchant Row | 1,811,463 | ||||||||||
11.07 | Property | 1 | 620 and 630 Woodward Avenue | 1,531,773 | ||||||||||
11.08 | Property | 1 | The Globe Building | 1,518,731 | ||||||||||
11.09 | Property | 1 | 1500 Woodward Avenue | 565,176 | ||||||||||
11.10 | Property | 1 | Fourteen56 Apartments | 428,954 | ||||||||||
12 | Loan | 3, 7, 12, 24, 30 | 1 | Syngenta Woodland | 19,585,518 | 6.67100% | 0.01660% | 6.65440% | NAP | 110,391.37 | NAP | 1,324,696.44 | Interest Only | No |
13 | Loan | 5, 7, 12, 15, 19, 23 | 1 | Crescent Center | 18,250,000 | 7.51300% | 0.03535% | 7.47765% | NAP | 115,847.16 | NAP | 1,390,165.92 | Interest Only | No |
14 | Loan | 2, 10, 19, 20, 21, 23 | 1 | ASC Business Park | 17,000,000 | 6.49600% | 0.01660% | 6.47940% | NAP | 93,304.81 | NAP | 1,119,657.72 | Interest Only | No |
15 | Loan | 6, 27 | 4 | Philadelphia Multifamily Portfolio | 16,800,000 | 7.32000% | 0.01660% | 7.30340% | NAP | 103,903.33 | NAP | 1,246,839.96 | Interest Only | No |
15.01 | Property | 1 | 2105 Germantown Avenue | 5,440,000 | ||||||||||
15.02 | Property | 1 | 719, 723-727 North 35th Street | 4,330,000 | ||||||||||
15.03 | Property | 1 | 2101-2111 North Fairhill Street | 3,980,000 | ||||||||||
15.04 | Property | 1 | 2215 North 7th Street | 3,050,000 | ||||||||||
16 | Loan | 6 | 3 | Cityline NY FL & TN Portfolio | 16,760,000 | 6.17000% | 0.01660% | 6.15340% | NAP | 87,371.20 | NAP | 1,048,454.40 | Interest Only | No |
16.01 | Property | 1 | Storage Sense - Chatham & Canaan | 6,600,000 | ||||||||||
16.02 | Property | 1 | Storage Sense - Clarksville | 6,000,000 | ||||||||||
16.03 | Property | 1 | Storage Sense – Punta Gorda | 4,160,000 | ||||||||||
17 | Loan | 16, 28 | 1 | Lofts at Dallas Mill | 15,950,000 | 6.94000% | 0.04535% | 6.89465% | NAP | 93,525.34 | NAP | 1,122,304.08 | Interest Only | No |
18 | Loan | 1, 4, 7, 12, 14, 19, 20, 23 | 1 | Kenwood Towne Centre | 15,000,000 | 6.27100% | 0.01785% | 6.25315% | NAP | 79,476.22 | NAP | 953,714.64 | Interest Only | No |
19 | Loan | 2, 7, 21, 23, 24 | 1 | Wateridge | 15,000,000 | 7.38400% | 0.01660% | 7.36740% | NAP | 93,581.94 | NAP | 1,122,983.28 | Interest Only | No |
20 | Loan | 1, 7, 23 | 1 | 1099 New York Avenue | 15,000,000 | 6.79700% | 0.01660% | 6.78040% | NAP | 86,142.53 | NAP | 1,033,710.36 | Interest Only | No |
21 | Loan | 19 | 1 | 48 E 57th Street | 15,000,000 | 6.89000% | 0.02535% | 6.86465% | NAP | 87,321.18 | NAP | 1,047,854.16 | Interest Only | No |
22 | Loan | 10, 15, 23 | 1 | Hooksett Village | 14,850,000 | 7.11000% | 0.02535% | 7.08465% | NAP | 89,208.28 | NAP | 1,070,499.36 | Interest Only | No |
23 | Loan | 5, 16, 27 | 1 | 637 E 223rd Street | 14,750,000 | 7.03000% | 0.01660% | 7.01340% | NAP | 87,610.56 | NAP | 1,051,326.72 | Interest Only | No |
24 | Loan | 17, 19, 20 | 1 | Town & Country Plaza | 13,370,000 | 7.54000% | 0.06660% | 7.47340% | NAP | 85,174.95 | NAP | 1,022,099.36 | Interest Only | No |
25 | Loan | 5 | 1 | SpringHill Suites Fort Myers Airport | 12,310,000 | 7.62000% | 0.01660% | 7.60340% | NAP | 79,254.17 | NAP | 951,050.08 | Interest Only | No |
26 | Loan | 2, 4, 5, 14, 16, 27, 28 | 1 | 2460 White Plains Road & 708 Mace Avenue | 12,050,000 | 6.90500% | 0.01660% | 6.88840% | NAP | 70,300.73 | NAP | 843,608.78 | Interest Only | No |
27 | Loan | 6, 7, 19 | 2 | The Pointe & Oak Shadows | 12,000,000 | 6.28000% | 0.01660% | 6.26340% | NAP | 63,672.22 | NAP | 764,066.67 | Interest Only | No |
27.01 | Property | 1 | The Pointe | 9,507,565 | ||||||||||
27.02 | Property | 1 | Oak Shadows | 2,492,435 | ||||||||||
28 | Loan | 19, 30 | 1 | 55 Pharr | 11,300,000 | 6.32000% | 0.01660% | 6.30340% | NAP | 60,339.91 | NAP | 724,078.92 | Interest Only | No |
29 | Loan | 10, 15 | 1 | Citrus Center | 11,100,000 | 7.01000% | 0.02535% | 6.98465% | NAP | 65,743.09 | NAP | 788,917.08 | Interest Only | No |
30 | Loan | 16, 20 | 1 | 152 Geary Street | 10,750,000 | 7.37000% | 0.01660% | 7.35340% | NAP | 66,939.90 | NAP | 803,278.82 | Interest Only | No |
31 | Loan | 2, 4, 6, 16 | 2 | Toobian NY Portfolio | 10,600,000 | 6.45000% | 0.01660% | 6.43340% | NAP | 57,766.32 | NAP | 693,195.83 | Interest Only | No |
31.01 | Property | 1 | 235, 239 and 241 East 39th Street | 7,432,927 | ||||||||||
31.02 | Property | 1 | 1437 Old Northern Boulevard | 3,167,073 | ||||||||||
32 | Loan | 1 | Grande Woods South MHC | 10,500,000 | 6.78000% | 0.01660% | 6.76340% | NAP | 60,148.96 | NAP | 721,787.52 | Interest Only | No | |
33 | Loan | 16 | 1 | Western Falcon | 10,350,000 | 7.99000% | 0.01660% | 7.97340% | NAP | 69,870.89 | NAP | 838,450.68 | Interest Only | No |
34 | Loan | 6, 10, 24 | 2 | Stor-More-Laredo Self Storage | 10,350,000 | 7.06000% | 0.02535% | 7.03465% | NAP | 61,738.23 | NAP | 740,858.76 | Interest Only | No |
34.01 | Property | 1 | Muller Rd | 6,540,226 | ||||||||||
34.02 | Property | 1 | Industrial Blvd | 3,809,774 | ||||||||||
35 | Loan | 2, 4, 16, 27, 28 | 1 | Centurion Union Phase III | 9,700,000 | 6.45000% | 0.01660% | 6.43340% | NAP | 52,861.63 | NAP | 634,339.58 | Interest Only | No |
36 | Loan | 1 | 262-282 Cabrini Boulevard | 9,600,000 | 6.94000% | 0.01660% | 6.92340% | NAP | 56,291.11 | NAP | 675,493.32 | Interest Only | No | |
37 | Loan | 16 | 1 | Country Place Apartments | 9,500,000 | 6.74700% | 0.01660% | 6.73040% | NAP | 54,155.61 | NAP | 649,867.32 | Interest Only | No |
38 | Loan | 1 | Hunter's Run | 8,500,000 | 7.60000% | 0.01660% | 7.58340% | NAP | 54,581.02 | NAP | 654,972.24 | Interest Only | No | |
39 | Loan | 4, 16, 19, 28, 30 | 1 | Griffin Capital Plaza | 8,300,000 | 7.10200% | 0.01660% | 7.08540% | NAP | 49,804.42 | NAP | 597,653.04 | Interest Only | No |
40 | Loan | 16 | 1 | 322 Graham Avenue | 8,200,000 | 6.33000% | 0.01660% | 6.31340% | NAP | 43,855.76 | NAP | 526,269.17 | Interest Only | No |
A-1-5 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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) |
6, 7 | 8 | 9 | 9 | 9 | 9 | 11 | ||||||||
41 | Loan | 2, 6 | 3 | Griffith MHC Portfolio | 8,100,000 | 6.84600% | 0.01660% | 6.82940% | NAP | 46,852.31 | NAP | 562,227.72 | Interest Only | No |
41.01 | Property | 1 | Gobblers Knob | 3,175,000 | ||||||||||
41.02 | Property | 1 | Westwood Manor | 2,485,000 | ||||||||||
41.03 | Property | 1 | Hidden Valley | 2,440,000 | ||||||||||
42 | Loan | 16, 19 | 1 | 2 Palmer Terrace | 7,200,000 | 6.68000% | 0.01660% | 6.66340% | NAP | 40,636.67 | NAP | 487,640.00 | Interest Only | No |
43 | Loan | 1 | Silver Oaks Business Park | 6,500,000 | 6.33000% | 0.01660% | 6.31340% | NAP | 34,763.72 | NAP | 417,164.58 | Interest Only | No | |
44 | Loan | 10, 27 | 1 | Extra Space Storage Chicago Heights | 6,000,000 | 6.59000% | 0.02535% | 6.56465% | NAP | 33,407.64 | NAP | 400,891.68 | Interest Only | No |
45 | Loan | 6, 26 | 2 | MIC St. Louis & Memphis | 5,481,070 | 7.94000% | 0.02535% | 7.91465% | 45,302.90 | NAP | 543,634.80 | NAP | Amortizing Balloon | No |
45.01 | Property | 1 | St. Louis Spruce | 3,809,065 | ||||||||||
45.02 | Property | 1 | Memphis Poplar | 1,672,005 | ||||||||||
46 | Loan | 2, 6, 16 | 2 | Anchor MHC and Tropical Circle MHC Portfolio | 4,750,000 | 6.39200% | 0.01660% | 6.37540% | NAP | 25,653.08 | NAP | 307,836.94 | Interest Only | No |
46.01 | Property | 1 | Anchor MHC | 4,375,000 | ||||||||||
46.02 | Property | 1 | Tropical Circle MHC | 375,000 | ||||||||||
47 | Loan | 1 | Cordova Court Apartments | 4,000,000 | 8.02500% | 0.01660% | 8.00840% | NAP | 27,121.53 | NAP | 325,458.33 | Interest Only | No | |
48 | Loan | 6 | 2 | Otto Storage Portfolio | 3,930,000 | 7.16000% | 0.08535% | 7.07465% | NAP | 23,774.68 | NAP | 285,296.16 | Interest Only | No |
48.01 | Property | 1 | D Highway Storage | 2,786,963 | ||||||||||
48.02 | Property | 1 | O Road Storage | 1,143,037 | ||||||||||
49 | Loan | 2, 16 | 1 | All Purpose Storage Burlington | 3,437,000 | 7.33900% | 0.01660% | 7.32240% | NAP | 21,312.07 | NAP | 255,744.84 | Interest Only | No |
50 | Loan | 2, 16, 23 | 1 | The Riley - 880 Manhattan Avenue | 3,250,000 | 6.90000% | 0.02535% | 6.87465% | NAP | 18,947.05 | NAP | 227,364.60 | Interest Only | No |
A-1-6 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Interest Accrual Method | Original Interest-Only Period (Mos.) | Remaining Interest-Only Period (Mos.) | Original Term To Maturity / ARD (Mos.) | Remaining Term To Maturity / ARD (Mos.) | Original Amortization Term (Mos.) | Remaining Amortization Term (Mos.) | Origination Date | Seasoning (Mos.) | Payment Due Date | First Payment Date | First P&I Payment Date | Maturity Date or Anticipated Repayment Date |
1 | Loan | 1, 6, 7, 12, 16, 19, 23, 27, 28 | 20 | GNL Industrial Portfolio | Actual/360 | 60 | 57 | 60 | 57 | 0 | 0 | 4/5/2024 | 3 | 6 | 5/6/2024 | NAP | 4/6/2029 |
1.01 | Property | 1 | FCA USA - Detroit, MI | ||||||||||||||
1.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | ||||||||||||||
1.03 | Property | 1 | Follett School - McHenry, IL | ||||||||||||||
1.04 | Property | 1 | Shaw Aero - Naples, FL | ||||||||||||||
1.05 | Property | 1 | Kuka - Sterling Heights, MI | ||||||||||||||
1.06 | Property | 1 | ZF Active Safety - Findlay, OH | ||||||||||||||
1.07 | Property | 1 | CF Sauer - 184 Suburban | ||||||||||||||
1.08 | Property | 1 | CF Sauer - 728 N Main St. | ||||||||||||||
1.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | ||||||||||||||
1.10 | Property | 1 | Hannibal - Houston, TX | ||||||||||||||
1.11 | Property | 1 | FedEx IV - Lexington, KY | ||||||||||||||
1.12 | Property | 1 | VersaFlex - Kansas City, KS | ||||||||||||||
1.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | ||||||||||||||
1.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | ||||||||||||||
1.15 | Property | 1 | CSTK - St. Louis, MO | ||||||||||||||
1.16 | Property | 1 | CF Sauer - 39 S Park Dr. | ||||||||||||||
1.17 | Property | 1 | AM Castle - Wichita, KS | ||||||||||||||
1.18 | Property | 1 | CF Sauer - 9 Old Mill Road | ||||||||||||||
1.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | ||||||||||||||
1.20 | Property | 1 | CF Sauer - 513 West Butler Road | ||||||||||||||
2 | Loan | 2, 4, 5, 6, 16, 30 | 6 | Champion MSU Student Housing Portfolio | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 5/23/2024 | 1 | 6 | 7/6/2024 | NAP | 6/6/2029 |
2.01 | Property | 1 | 731 Burcham Drive | ||||||||||||||
2.02 | Property | 1 | 745 Burcham Drive | ||||||||||||||
2.03 | Property | 1 | 635 Abbot Road | ||||||||||||||
2.04 | Property | 1 | 767 Burcham Drive | ||||||||||||||
2.05 | Property | 1 | 787 Burcham Drive | ||||||||||||||
2.06 | Property | 1 | 129 Burcham Drive | ||||||||||||||
3 | Loan | 1, 2, 7, 16, 27, 28 | 1 | 620 W 153rd Street | Actual/360 | 60 | 57 | 60 | 57 | 0 | 0 | 4/2/2024 | 3 | 6 | 5/6/2024 | NAP | 4/6/2029 |
4 | Loan | 23 | 1 | 1640 Sepulveda | Actual/360 | 24 | 22 | 60 | 58 | 360 | 360 | 4/25/2024 | 2 | 6 | 6/6/2024 | 6/6/2026 | 5/6/2029 |
5 | Loan | 2, 4, 7, 17, 28 | 1 | University Pointe | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 5/16/2024 | 1 | 6 | 7/6/2024 | NAP | 6/6/2029 |
6 | Loan | 6 | 3 | BPW Houston Multifamily Portfolio | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 5/7/2024 | 1 | 6 | 7/6/2024 | NAP | 6/6/2029 |
6.01 | Property | 1 | Bayou Willows | ||||||||||||||
6.02 | Property | 1 | Weston Oaks | ||||||||||||||
6.03 | Property | 1 | Pleasant Village | ||||||||||||||
7 | Loan | 1, 7, 9, 12, 13, 17, 19, 23, 24 | 1 | 640 5th Avenue | Actual/360 | 0 | 0 | 60 | 60 | NAP | NAP | 6/10/2024 | 0 | 1 | 8/1/2024 | 8/1/2024 | 7/1/2029 |
8 | Loan | 2, 7, 10, 24 | 1 | 28-40 West 23rd Street | Actual/360 | 60 | 57 | 60 | 57 | 0 | 0 | 4/5/2024 | 3 | 6 | 5/6/2024 | NAP | 4/6/2029 |
9 | Loan | 10, 13, 27, 30 | 1 | Country View Apartments | Actual/360 | 60 | 57 | 60 | 57 | 0 | 0 | 3/28/2024 | 3 | 6 | 5/6/2024 | NAP | 4/6/2029 |
10 | Loan | 5 | 1 | Courtyard Fort Myers at I-75 | Actual/360 | 60 | 57 | 60 | 57 | 0 | 0 | 3/28/2024 | 3 | 6 | 5/6/2024 | NAP | 4/6/2029 |
11 | Loan | 2, 4, 6, 7, 12, 20, 27, 30 | 10 | Bedrock Mixed-Use Portfolio | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 6/5/2024 | 1 | 6 | 7/6/2024 | NAP | 6/6/2029 |
11.01 | Property | 1 | Trio on Fort Street | ||||||||||||||
11.02 | Property | 1 | 28 Grand Apartments | ||||||||||||||
11.03 | Property | 1 | Madison Building | ||||||||||||||
11.04 | Property | 1 | 1274 Library Street | ||||||||||||||
11.05 | Property | 1 | The Ferguson Apartments | ||||||||||||||
11.06 | Property | 1 | Lofts of Merchant Row | ||||||||||||||
11.07 | Property | 1 | 620 and 630 Woodward Avenue | ||||||||||||||
11.08 | Property | 1 | The Globe Building | ||||||||||||||
11.09 | Property | 1 | 1500 Woodward Avenue | ||||||||||||||
11.10 | Property | 1 | Fourteen56 Apartments | ||||||||||||||
12 | Loan | 3, 7, 12, 24, 30 | 1 | Syngenta Woodland | Actual/360 | 60 | 56 | 60 | 56 | 0 | 0 | 3/1/2024 | 4 | 6 | 4/6/2024 | NAP | 3/6/2029 |
13 | Loan | 5, 7, 12, 15, 19, 23 | 1 | Crescent Center | Actual/360 | 60 | 51 | 60 | 51 | 0 | 0 | 9/22/2023 | 9 | 6 | 11/6/2023 | NAP | 10/6/2028 |
14 | Loan | 2, 10, 19, 20, 21, 23 | 1 | ASC Business Park | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 5/17/2024 | 1 | 6 | 7/6/2024 | NAP | 6/6/2029 |
15 | Loan | 6, 27 | 4 | Philadelphia Multifamily Portfolio | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 5/14/2024 | 1 | 6 | 7/6/2024 | NAP | 6/6/2029 |
15.01 | Property | 1 | 2105 Germantown Avenue | ||||||||||||||
15.02 | Property | 1 | 719, 723-727 North 35th Street | ||||||||||||||
15.03 | Property | 1 | 2101-2111 North Fairhill Street | ||||||||||||||
15.04 | Property | 1 | 2215 North 7th Street | ||||||||||||||
16 | Loan | 6 | 3 | Cityline NY FL & TN Portfolio | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 5/22/2024 | 1 | 6 | 7/6/2024 | NAP | 6/6/2029 |
16.01 | Property | 1 | Storage Sense - Chatham & Canaan | ||||||||||||||
16.02 | Property | 1 | Storage Sense - Clarksville | ||||||||||||||
16.03 | Property | 1 | Storage Sense – Punta Gorda | ||||||||||||||
17 | Loan | 16, 28 | 1 | Lofts at Dallas Mill | Actual/360 | 60 | 58 | 60 | 58 | 0 | 0 | 5/3/2024 | 2 | 6 | 6/6/2024 | NAP | 5/6/2029 |
18 | Loan | 1, 4, 7, 12, 14, 19, 20, 23 | 1 | Kenwood Towne Centre | Actual/360 | 60 | 56 | 60 | 56 | 0 | 0 | 2/9/2024 | 4 | 1 | 4/1/2024 | NAP | 3/1/2029 |
19 | Loan | 2, 7, 21, 23, 24 | 1 | Wateridge | Actual/360 | 60 | 56 | 60 | 56 | 0 | 0 | 2/29/2024 | 4 | 6 | 4/6/2024 | NAP | 3/6/2029 |
20 | Loan | 1, 7, 23 | 1 | 1099 New York Avenue | Actual/360 | 60 | 57 | 60 | 57 | 0 | 0 | 3/22/2024 | 3 | 6 | 5/6/2024 | NAP | 4/6/2029 |
21 | Loan | 19 | 1 | 48 E 57th Street | Actual/360 | 60 | 58 | 60 | 58 | 0 | 0 | 4/19/2024 | 2 | 1 | 6/1/2024 | NAP | 5/1/2029 |
22 | Loan | 10, 15, 23 | 1 | Hooksett Village | Actual/360 | 60 | 58 | 60 | 58 | 0 | 0 | 4/5/2024 | 2 | 1 | 6/1/2024 | NAP | 5/1/2029 |
23 | Loan | 5, 16, 27 | 1 | 637 E 223rd Street | Actual/360 | 60 | 57 | 60 | 57 | 0 | 0 | 4/10/2024 | 3 | 6 | 5/6/2024 | NAP | 4/6/2029 |
24 | Loan | 17, 19, 20 | 1 | Town & Country Plaza | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 6/7/2024 | 0 | 6 | 8/6/2024 | NAP | 7/6/2029 |
25 | Loan | 5 | 1 | SpringHill Suites Fort Myers Airport | Actual/360 | 60 | 57 | 60 | 57 | 0 | 0 | 3/28/2024 | 3 | 6 | 5/6/2024 | NAP | 4/6/2029 |
26 | Loan | 2, 4, 5, 14, 16, 27, 28 | 1 | 2460 White Plains Road & 708 Mace Avenue | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 5/7/2024 | 1 | 6 | 7/6/2024 | NAP | 6/6/2029 |
27 | Loan | 6, 7, 19 | 2 | The Pointe & Oak Shadows | Actual/360 | 60 | 58 | 60 | 58 | 0 | 0 | 4/18/2024 | 2 | 6 | 6/6/2024 | NAP | 5/6/2029 |
27.01 | Property | 1 | The Pointe | ||||||||||||||
27.02 | Property | 1 | Oak Shadows | ||||||||||||||
28 | Loan | 19, 30 | 1 | 55 Pharr | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 6/6/2024 | 1 | 6 | 7/6/2024 | NAP | 6/6/2029 |
29 | Loan | 10, 15 | 1 | Citrus Center | Actual/360 | 60 | 57 | 60 | 57 | 0 | 0 | 3/27/2024 | 3 | 1 | 5/1/2024 | NAP | 4/1/2029 |
30 | Loan | 16, 20 | 1 | 152 Geary Street | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 5/9/2024 | 1 | 6 | 7/6/2024 | NAP | 6/6/2029 |
31 | Loan | 2, 4, 6, 16 | 2 | Toobian NY Portfolio | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 5/17/2024 | 1 | 6 | 7/6/2024 | NAP | 6/6/2029 |
31.01 | Property | 1 | 235, 239 and 241 East 39th Street | ||||||||||||||
31.02 | Property | 1 | 1437 Old Northern Boulevard | ||||||||||||||
32 | Loan | 1 | Grande Woods South MHC | Actual/360 | 60 | 57 | 60 | 57 | 0 | 0 | 4/2/2024 | 3 | 6 | 5/6/2024 | NAP | 4/6/2029 | |
33 | Loan | 16 | 1 | Western Falcon | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 5/14/2024 | 1 | 6 | 7/6/2024 | NAP | 6/6/2029 |
34 | Loan | 6, 10, 24 | 2 | Stor-More-Laredo Self Storage | Actual/360 | 60 | 58 | 60 | 58 | 0 | 0 | 4/5/2024 | 2 | 1 | 6/1/2024 | NAP | 5/1/2029 |
34.01 | Property | 1 | Muller Rd | ||||||||||||||
34.02 | Property | 1 | Industrial Blvd | ||||||||||||||
35 | Loan | 2, 4, 16, 27, 28 | 1 | Centurion Union Phase III | Actual/360 | 60 | 58 | 60 | 58 | 0 | 0 | 5/6/2024 | 2 | 6 | 6/6/2024 | NAP | 5/6/2029 |
36 | Loan | 1 | 262-282 Cabrini Boulevard | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 5/31/2024 | 1 | 6 | 7/6/2024 | NAP | 6/6/2029 | |
37 | Loan | 16 | 1 | Country Place Apartments | Actual/360 | 60 | 57 | 60 | 57 | 0 | 0 | 3/28/2024 | 3 | 6 | 5/6/2024 | NAP | 4/6/2029 |
38 | Loan | 1 | Hunter's Run | Actual/360 | 60 | 58 | 60 | 58 | 0 | 0 | 4/16/2024 | 2 | 6 | 6/6/2024 | NAP | 5/6/2029 | |
39 | Loan | 4, 16, 19, 28, 30 | 1 | Griffin Capital Plaza | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 5/3/2024 | 1 | 1 | 7/1/2024 | NAP | 6/1/2029 |
40 | Loan | 16 | 1 | 322 Graham Avenue | Actual/360 | 60 | 55 | 60 | 55 | 0 | 0 | 1/12/2024 | 5 | 6 | 3/6/2024 | NAP | 2/6/2029 |
A-1-7 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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 |
41 | Loan | 2, 6 | 3 | Griffith MHC Portfolio | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 5/24/2024 | 1 | 6 | 7/6/2024 | NAP | 6/6/2029 |
41.01 | Property | 1 | Gobblers Knob | ||||||||||||||
41.02 | Property | 1 | Westwood Manor | ||||||||||||||
41.03 | Property | 1 | Hidden Valley | ||||||||||||||
42 | Loan | 16, 19 | 1 | 2 Palmer Terrace | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 5/7/2024 | 1 | 6 | 7/6/2024 | NAP | 6/6/2029 |
43 | Loan | 1 | Silver Oaks Business Park | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 5/17/2024 | 1 | 6 | 7/6/2024 | NAP | 6/6/2029 | |
44 | Loan | 10, 27 | 1 | Extra Space Storage Chicago Heights | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 5/7/2024 | 1 | 1 | 7/1/2024 | NAP | 6/1/2029 |
45 | Loan | 6, 26 | 2 | MIC St. Louis & Memphis | Actual/360 | 0 | 0 | 60 | 56 | 300 | 296 | 2/28/2024 | 4 | 1 | 4/1/2024 | 4/1/2024 | 3/1/2029 |
45.01 | Property | 1 | St. Louis Spruce | ||||||||||||||
45.02 | Property | 1 | Memphis Poplar | ||||||||||||||
46 | Loan | 2, 6, 16 | 2 | Anchor MHC and Tropical Circle MHC Portfolio | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 5/16/2024 | 1 | 6 | 7/6/2024 | NAP | 6/6/2029 |
46.01 | Property | 1 | Anchor MHC | ||||||||||||||
46.02 | Property | 1 | Tropical Circle MHC | ||||||||||||||
47 | Loan | 1 | Cordova Court Apartments | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 5/10/2024 | 1 | 6 | 7/6/2024 | NAP | 6/6/2029 | |
48 | Loan | 6 | 2 | Otto Storage Portfolio | Actual/360 | 60 | 58 | 60 | 58 | 0 | 0 | 4/5/2024 | 2 | 1 | 6/1/2024 | NAP | 5/1/2029 |
48.01 | Property | 1 | D Highway Storage | ||||||||||||||
48.02 | Property | 1 | O Road Storage | ||||||||||||||
49 | Loan | 2, 16 | 1 | All Purpose Storage Burlington | Actual/360 | 60 | 58 | 60 | 58 | 0 | 0 | 4/29/2024 | 2 | 6 | 6/6/2024 | NAP | 5/6/2029 |
50 | Loan | 2, 16, 23 | 1 | The Riley - 880 Manhattan Avenue | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 5/2/2024 | 1 | 1 | 7/1/2024 | NAP | 6/1/2029 |
A-1-8 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Final Maturity Date | Grace Period - Late Fee (Days) | Grace Period - Default (Days) | Prepayment Provision | Most Recent EGI ($) | Most Recent Expenses ($) | Most Recent NOI ($) | Most Recent NOI Date | Most Recent Description | Second Most Recent EGI ($) |
10 | 12 | 16 | ||||||||||||
1 | Loan | 1, 6, 7, 12, 16, 19, 23, 27, 28 | 20 | GNL Industrial Portfolio | 4/6/2029 | 0 | 0 | L(11),YM1(16),DorYM1(26),O(7) | 30,083,673 | 1,937,654 | 28,146,019 | 12/31/2023 | T-12 | 29,989,517 |
1.01 | Property | 1 | FCA USA - Detroit, MI | 9,124,678 | 980,812 | 8,143,866 | 12/31/2023 | T-12 | 8,520,112 | |||||
1.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | 3,723,073 | 62,226 | 3,660,847 | 12/31/2023 | T-12 | 3,635,451 | |||||
1.03 | Property | 1 | Follett School - McHenry, IL | 2,078,309 | 15,385 | 2,062,924 | 12/31/2023 | T-12 | 2,282,237 | |||||
1.04 | Property | 1 | Shaw Aero - Naples, FL | 1,339,488 | 263,265 | 1,076,223 | 12/31/2023 | T-12 | 1,258,092 | |||||
1.05 | Property | 1 | Kuka - Sterling Heights, MI | 1,189,724 | 19,724 | 1,170,000 | 12/31/2023 | T-12 | 1,167,198 | |||||
1.06 | Property | 1 | ZF Active Safety - Findlay, OH | 1,700,662 | 52,029 | 1,648,633 | 12/31/2023 | T-12 | 2,181,541 | |||||
1.07 | Property | 1 | CF Sauer - 184 Suburban | 1,140,189 | 5,229 | 1,134,961 | 12/31/2023 | T-12 | 1,116,127 | |||||
1.08 | Property | 1 | CF Sauer - 728 N Main St. | 1,196,256 | 12,180 | 1,184,076 | 12/31/2023 | T-12 | 1,168,826 | |||||
1.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | 1,054,508 | 24,302 | 1,030,206 | 12/31/2023 | T-12 | 1,041,968 | |||||
1.10 | Property | 1 | Hannibal - Houston, TX | 1,437,384 | 291,247 | 1,146,137 | 12/31/2023 | T-12 | 1,440,392 | |||||
1.11 | Property | 1 | FedEx IV - Lexington, KY | 853,366 | 12,834 | 840,532 | 12/31/2023 | T-12 | 990,505 | |||||
1.12 | Property | 1 | VersaFlex - Kansas City, KS | 720,000 | 5,328 | 714,672 | 12/31/2023 | T-12 | 723,486 | |||||
1.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | 920,672 | 79,649 | 841,024 | 12/31/2023 | T-12 | 909,392 | |||||
1.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | 661,814 | 6,949 | 654,865 | 12/31/2023 | T-12 | 646,522 | |||||
1.15 | Property | 1 | CSTK - St. Louis, MO | 995,619 | 94,628 | 900,991 | 12/31/2023 | T-12 | 990,341 | |||||
1.16 | Property | 1 | CF Sauer - 39 S Park Dr. | 736,155 | 7,492 | 728,662 | 12/31/2023 | T-12 | 719,276 | |||||
1.17 | Property | 1 | AM Castle - Wichita, KS | 750,794 | 0 | 750,794 | 12/31/2023 | T-12 | 747,440 | |||||
1.18 | Property | 1 | CF Sauer - 9 Old Mill Road | 387,452 | 3,946 | 383,506 | 12/31/2023 | T-12 | 378,568 | |||||
1.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | 44,567 | 230 | 44,338 | 12/31/2023 | T-12 | 43,653 | |||||
1.20 | Property | 1 | CF Sauer - 513 West Butler Road | 28,962 | 199 | 28,763 | 12/31/2023 | T-12 | 28,391 | |||||
2 | Loan | 2, 4, 5, 6, 16, 30 | 6 | Champion MSU Student Housing Portfolio | 6/6/2029 | 0 | 0 | L(25),D(28),O(7) | 5,533,935 | 2,190,071 | 3,343,864 | 2/28/2024 | T-1 Ann. | NAV |
2.01 | Property | 1 | 731 Burcham Drive | NAV | NAV | NAV | NAV | NAV | NAV | |||||
2.02 | Property | 1 | 745 Burcham Drive | NAV | NAV | NAV | NAV | NAV | NAV | |||||
2.03 | Property | 1 | 635 Abbot Road | NAV | NAV | NAV | NAV | NAV | NAV | |||||
2.04 | Property | 1 | 767 Burcham Drive | NAV | NAV | NAV | NAV | NAV | NAV | |||||
2.05 | Property | 1 | 787 Burcham Drive | NAV | NAV | NAV | NAV | NAV | NAV | |||||
2.06 | Property | 1 | 129 Burcham Drive | NAV | NAV | NAV | NAV | NAV | NAV | |||||
3 | Loan | 1, 2, 7, 16, 27, 28 | 1 | 620 W 153rd Street | 4/6/2029 | 0 | 0 | L(27),D(27),O(6) | 7,894,069 | 1,190,865 | 6,703,204 | 2/29/2024 | T-3 Ann. | NAV |
4 | Loan | 23 | 1 | 1640 Sepulveda | 5/6/2029 | 0 | 0 | L(26),D(27),O(7) | 6,693,802 | 3,162,427 | 3,531,375 | 1/31/2024 | T-12 | 6,683,380 |
5 | Loan | 2, 4, 7, 17, 28 | 1 | University Pointe | 6/6/2029 | 0 | 0 | YM1(53),O(7) | 13,505,544 | 5,313,490 | 8,192,053 | 3/31/2024 | T-12 | 13,360,391 |
6 | Loan | 6 | 3 | BPW Houston Multifamily Portfolio | 6/6/2029 | 0 | 0 | L(24),YM1(32),O(4) | 5,332,816 | 2,014,828 | 3,317,988 | 3/31/2024 | T-12 | 5,187,889 |
6.01 | Property | 1 | Bayou Willows | 2,123,264 | 726,370 | 1,396,894 | 3/31/2024 | T-12 | 2,076,511 | |||||
6.02 | Property | 1 | Weston Oaks | 2,173,555 | 859,108 | 1,314,447 | 3/31/2024 | T-12 | 2,107,623 | |||||
6.03 | Property | 1 | Pleasant Village | 1,035,997 | 429,351 | 606,647 | 3/31/2024 | T-12 | 1,003,755 | |||||
7 | Loan | 1, 7, 9, 12, 13, 17, 19, 23, 24 | 1 | 640 5th Avenue | 7/1/2029 | 0 | 0 | L(24),D(29),O(7) | 72,036,886 | 18,237,231 | 53,799,655 | 12/31/2023 | T-12 | 67,571,078 |
8 | Loan | 2, 7, 10, 24 | 1 | 28-40 West 23rd Street | 4/6/2029 | 3 | 0 | L(27),D(26),O(7) | 51,646,088 | 18,128,650 | 33,517,438 | 12/31/2023 | T-12 | 48,016,236 |
9 | Loan | 10, 13, 27, 30 | 1 | Country View Apartments | 4/6/2029 | 5 | 0 | L(11),YM1(45),O(4) | 2,941,695 | 1,023,397 | 1,918,298 | 4/30/2024 | T-12 | 2,868,715 |
10 | Loan | 5 | 1 | Courtyard Fort Myers at I-75 | 4/6/2029 | 0 | 0 | L(27),D(29),O(4) | 7,716,001 | 4,231,093 | 3,484,908 | 1/31/2024 | T-12 | 7,736,401 |
11 | Loan | 2, 4, 6, 7, 12, 20, 27, 30 | 10 | Bedrock Mixed-Use Portfolio | 6/6/2029 | 0 | 0 | L(25),D(30),O(5) | 15,783,565 | 7,592,263 | 8,191,302 | 12/31/2023 | T-12 | 13,577,352 |
11.01 | Property | 1 | Trio on Fort Street | 4,573,009 | 2,072,213 | 2,500,796 | 12/31/2023 | T-12 | 3,138,078 | |||||
11.02 | Property | 1 | 28 Grand Apartments | 1,770,156 | 1,073,049 | 697,107 | 12/31/2023 | T-12 | 1,627,619 | |||||
11.03 | Property | 1 | Madison Building | 1,799,213 | 854,207 | 945,006 | 12/31/2023 | T-12 | 1,614,058 | |||||
11.04 | Property | 1 | 1274 Library Street | 1,580,526 | 593,038 | 987,488 | 12/31/2023 | T-12 | 1,563,865 | |||||
11.05 | Property | 1 | The Ferguson Apartments | 1,195,919 | 674,345 | 521,574 | 12/31/2023 | T-12 | 1,215,839 | |||||
11.06 | Property | 1 | Lofts of Merchant Row | 1,111,350 | 390,000 | 721,350 | 12/31/2023 | T-12 | 1,112,193 | |||||
11.07 | Property | 1 | 620 and 630 Woodward Avenue | 1,418,573 | 645,625 | 772,948 | 12/31/2023 | T-12 | 1,381,428 | |||||
11.08 | Property | 1 | The Globe Building | 1,257,684 | 777,963 | 479,721 | 12/31/2023 | T-12 | 991,730 | |||||
11.09 | Property | 1 | 1500 Woodward Avenue | 772,074 | 326,056 | 446,018 | 12/31/2023 | T-12 | 517,210 | |||||
11.10 | Property | 1 | Fourteen56 Apartments | 305,061 | 185,767 | 119,294 | 12/31/2023 | T-12 | 415,332 | |||||
12 | Loan | 3, 7, 12, 24, 30 | 1 | Syngenta Woodland | 3/6/2029 | 0 | 0 | L(11),YM1(17),DorYM1(27),O(5) | NAV | NAV | NAV | NAV | NAV | NAV |
13 | Loan | 5, 7, 12, 15, 19, 23 | 1 | Crescent Center | 10/6/2028 | 0 | 0 | L(33),D(20),O(7) | 8,971,074 | 3,900,976 | 5,070,098 | 8/31/2023 | T-12 | 8,083,455 |
14 | Loan | 2, 10, 19, 20, 21, 23 | 1 | ASC Business Park | 6/6/2029 | 10 | 0 | L(25),D(28),O(7) | 3,816,060 | 1,124,133 | 2,691,927 | 2/29/2024 | T-12 | 3,756,091 |
15 | Loan | 6, 27 | 4 | Philadelphia Multifamily Portfolio | 6/6/2029 | 0 | 0 | L(25),D(30),O(5) | 1,215,874 | 182,298 | 1,033,576 | 3/31/2024 | Various | NAV |
15.01 | Property | 1 | 2105 Germantown Avenue | 391,565 | 56,555 | 335,009 | 3/31/2024 | T-8 Ann. | NAV | |||||
15.02 | Property | 1 | 719, 723-727 North 35th Street | 342,652 | 52,610 | 290,042 | 3/31/2024 | T-6 Ann. | NAV | |||||
15.03 | Property | 1 | 2101-2111 North Fairhill Street | 329,645 | 49,615 | 280,030 | 3/31/2024 | T-12 | NAV | |||||
15.04 | Property | 1 | 2215 North 7th Street | 152,013 | 23,518 | 128,495 | 3/31/2024 | T-6 Ann. | NAV | |||||
16 | Loan | 6 | 3 | Cityline NY FL & TN Portfolio | 6/6/2029 | 0 | 0 | L(25),D(28),O(7) | 2,449,039 | 812,360 | 1,636,679 | 3/31/2024 | T-12 | 2,369,586 |
16.01 | Property | 1 | Storage Sense - Chatham & Canaan | 832,136 | 199,868 | 632,268 | 3/31/2024 | T-12 | 805,959 | |||||
16.02 | Property | 1 | Storage Sense - Clarksville | 873,858 | 238,378 | 635,479 | 3/31/2024 | T-12 | 869,143 | |||||
16.03 | Property | 1 | Storage Sense – Punta Gorda | 743,045 | 374,114 | 368,932 | 3/31/2024 | T-12 | 694,484 | |||||
17 | Loan | 16, 28 | 1 | Lofts at Dallas Mill | 5/6/2029 | 0 | 0 | L(4),YM1(49),O(7) | 1,407,517 | 798,896 | 608,621 | 3/31/2024 | T-12 | NAV |
18 | Loan | 1, 4, 7, 12, 14, 19, 20, 23 | 1 | Kenwood Towne Centre | 3/1/2029 | 0 | 0 | L(28),D(25),O(7) | 51,156,712 | 13,470,861 | 37,685,851 | 12/31/2023 | T-12 | 50,448,758 |
19 | Loan | 2, 7, 21, 23, 24 | 1 | Wateridge | 3/6/2029 | 0 | 0 | L(28),D(26),O(6) | 21,135,183 | 9,034,983 | 12,100,200 | 12/31/2023 | T-12 | 19,090,068 |
20 | Loan | 1, 7, 23 | 1 | 1099 New York Avenue | 4/6/2029 | 0 | 0 | L(27),D(26),O(7) | 13,966,824 | 5,804,946 | 8,161,878 | 12/31/2023 | T-12 | 12,603,004 |
21 | Loan | 19 | 1 | 48 E 57th Street | 5/1/2029 | 0 | 0 | L(26),D(28),O(6) | 1,400,000 | 477,443 | 922,557 | 12/31/2023 | T-12 | 1,370,000 |
22 | Loan | 10, 15, 23 | 1 | Hooksett Village | 5/1/2029 | 5 | 5 | L(26),D(28),O(6) | 2,694,937 | 903,982 | 1,790,956 | 12/31/2023 | T-12 | 1,394,155 |
23 | Loan | 5, 16, 27 | 1 | 637 E 223rd Street | 4/6/2029 | 0 | 0 | L(27),D(29),O(4) | NAV | NAV | NAV | NAV | NAV | NAV |
24 | Loan | 17, 19, 20 | 1 | Town & Country Plaza | 7/6/2029 | 0 | 0 | L(24),D(32),O(4) | 2,289,090 | 593,273 | 1,695,817 | 3/31/2024 | T-12 | 2,273,339 |
25 | Loan | 5 | 1 | SpringHill Suites Fort Myers Airport | 4/6/2029 | 0 | 0 | L(27),D(29),O(4) | 5,222,417 | 3,211,684 | 2,010,733 | 1/31/2024 | T-12 | 5,332,095 |
26 | Loan | 2, 4, 5, 14, 16, 27, 28 | 1 | 2460 White Plains Road & 708 Mace Avenue | 6/6/2029 | 0 | 0 | L(25),D(30),O(5) | 291,710 | 33,027 | 258,683 | 3/31/2024 | T-6 | NAV |
27 | Loan | 6, 7, 19 | 2 | The Pointe & Oak Shadows | 5/6/2029 | 0 | 0 | L(24),YM1(32),O(4) | 7,891,410 | 2,741,657 | 5,149,753 | 2/29/2024 | T-12 | 7,856,902 |
27.01 | Property | 1 | The Pointe | 6,186,736 | 2,056,054 | 4,130,682 | 2/29/2024 | T-12 | 6,163,857 | |||||
27.02 | Property | 1 | Oak Shadows | 1,704,674 | 685,603 | 1,019,071 | 2/29/2024 | T-12 | 1,693,045 | |||||
28 | Loan | 19, 30 | 1 | 55 Pharr | 6/6/2029 | 0 | 0 | L(25),YM1(28),O(7) | 2,168,947 | 1,469,053 | 699,894 | 4/30/2024 | T-12 | 2,029,069 |
29 | Loan | 10, 15 | 1 | Citrus Center | 4/1/2029 | 0 | 5 | L(25),YM1(29),O(6) | 2,146,517 | 591,739 | 1,554,778 | 12/31/2023 | T-12 | 2,068,830 |
30 | Loan | 16, 20 | 1 | 152 Geary Street | 6/6/2029 | 0 | 0 | L(12),YM1(42),O(6) | NAV | NAV | NAV | NAV | NAV | NAV |
31 | Loan | 2, 4, 6, 16 | 2 | Toobian NY Portfolio | 6/6/2029 | 0 | 0 | L(25),D(31),O(4) | 340,963 | 14,947 | 326,016 | 4/30/2024 | T-4 | 315,406 |
31.01 | Property | 1 | 235, 239 and 241 East 39th Street | 240,611 | 12,168 | 228,443 | 4/30/2024 | T-4 | NAV | |||||
31.02 | Property | 1 | 1437 Old Northern Boulevard | 100,352 | 2,779 | 97,573 | 4/30/2024 | T-4 | 315,406 | |||||
32 | Loan | 1 | Grande Woods South MHC | 4/6/2029 | 0 | 0 | L(27),D(26),O(7) | 1,575,501 | 579,976 | 995,525 | 2/29/2024 | T-12 | 1,574,854 | |
33 | Loan | 16 | 1 | Western Falcon | 6/6/2029 | 0 | 0 | L(25),D(28),O(7) | 1,331,741 | 252,991 | 1,078,750 | 12/31/2023 | T-12 | NAV |
34 | Loan | 6, 10, 24 | 2 | Stor-More-Laredo Self Storage | 5/1/2029 | 5 | 5 | L(25),YM1(29),O(6) | 1,447,833 | 469,765 | 978,068 | 2/29/2024 | T-12 | 1,433,757 |
34.01 | Property | 1 | Muller Rd | 888,121 | 268,578 | 619,542 | 2/29/2024 | T-12 | 879,617 | |||||
34.02 | Property | 1 | Industrial Blvd | 559,713 | 201,187 | 358,525 | 2/29/2024 | T-12 | 554,140 | |||||
35 | Loan | 2, 4, 16, 27, 28 | 1 | Centurion Union Phase III | 5/6/2029 | 0 | 0 | L(26),D(29),O(5) | NAV | NAV | NAV | NAV | NAV | NAV |
36 | Loan | 1 | 262-282 Cabrini Boulevard | 6/6/2029 | 0 | 0 | L(25),D(28),O(7) | 1,596,871 | 757,863 | 839,008 | 3/31/2024 | T-12 | 1,588,932 | |
37 | Loan | 16 | 1 | Country Place Apartments | 4/6/2029 | 0 | 0 | L(12),YM1(41),O(7) | 1,483,572 | 526,680 | 956,892 | 1/31/2024 | T-12 | 1,469,913 |
38 | Loan | 1 | Hunter's Run | 5/6/2029 | 0 | 0 | L(26),D(30),O(4) | 1,579,792 | 836,438 | 743,355 | 2/29/2024 | T-12 | 1,539,237 | |
39 | Loan | 4, 16, 19, 28, 30 | 1 | Griffin Capital Plaza | 6/1/2029 | 0 | 0 | L(25),D(31),O(4) | 1,148,762 | 0 | 1,148,762 | 4/30/2024 | T-12 | 1,136,940 |
40 | Loan | 16 | 1 | 322 Graham Avenue | 2/6/2029 | 0 | 0 | L(29),D(26),O(5) | NAV | NAV | NAV | NAV | NAV | NAV |
A-1-9 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Final Maturity Date | Grace Period - Late Fee (Days) | Grace Period - Default (Days) | Prepayment Provision | Most Recent EGI ($) | Most Recent Expenses ($) | Most Recent NOI ($) | Most Recent NOI Date | Most Recent Description | Second Most Recent EGI ($) |
10 | 12 | 16 | ||||||||||||
41 | Loan | 2, 6 | 3 | Griffith MHC Portfolio | 6/6/2029 | 0 | 0 | L(25),D(31),O(4) | 1,223,093 | 431,272 | 791,821 | 3/31/2024 | T-12 | 1,194,534 |
41.01 | Property | 1 | Gobblers Knob | 448,521 | 154,022 | 294,499 | 3/31/2024 | T-12 | 437,564 | |||||
41.02 | Property | 1 | Westwood Manor | 397,354 | 138,619 | 258,735 | 3/31/2024 | T-12 | 393,012 | |||||
41.03 | Property | 1 | Hidden Valley | 377,218 | 138,631 | 238,587 | 3/31/2024 | T-12 | 363,958 | |||||
42 | Loan | 16, 19 | 1 | 2 Palmer Terrace | 6/6/2029 | 0 | 0 | L(24),YM1(32),O(4) | 864,739 | 200,044 | 664,695 | 3/31/2024 | T-12 | 854,152 |
43 | Loan | 1 | Silver Oaks Business Park | 6/6/2029 | 0 | 0 | L(25),D(31),O(4) | 1,326,007 | 307,651 | 1,018,357 | 3/31/2024 | T-12 | 1,335,382 | |
44 | Loan | 10, 27 | 1 | Extra Space Storage Chicago Heights | 6/1/2029 | 3 | 3 | L(25),YM1(29),O(6) | 1,368,513 | 562,950 | 805,563 | 3/31/2024 | T-12 | 1,362,116 |
45 | Loan | 6, 26 | 2 | MIC St. Louis & Memphis | 3/1/2029 | 0 | 0 | L(28),D(26),O(6) | 1,029,684 | 99,807 | 929,877 | 12/31/2023 | T-12 | 917,992 |
45.01 | Property | 1 | St. Louis Spruce | 685,687 | 58,837 | 626,850 | 12/31/2023 | T-12 | 628,726 | |||||
45.02 | Property | 1 | Memphis Poplar | 343,997 | 40,970 | 303,027 | 12/31/2023 | T-12 | 289,265 | |||||
46 | Loan | 2, 6, 16 | 2 | Anchor MHC and Tropical Circle MHC Portfolio | 6/6/2029 | 0 | 0 | L(25),D(30),O(5) | 564,447 | 163,026 | 401,421 | 3/31/2024 | T-12 | 542,608 |
46.01 | Property | 1 | Anchor MHC | NAV | NAV | NAV | NAV | NAV | NAV | |||||
46.02 | Property | 1 | Tropical Circle MHC | NAV | NAV | NAV | NAV | NAV | NAV | |||||
47 | Loan | 1 | Cordova Court Apartments | 6/6/2029 | 0 | 0 | L(25),D(31),O(4) | 1,185,858 | 705,207 | 480,651 | 3/31/2024 | T-12 | 1,127,462 | |
48 | Loan | 6 | 2 | Otto Storage Portfolio | 5/1/2029 | 0 | 0 | L(26),D(28),O(6) | 549,072 | 101,172 | 447,900 | 3/31/2024 | T-12 | 540,464 |
48.01 | Property | 1 | D Highway Storage | 379,948 | 82,091 | 297,857 | 3/31/2024 | T-12 | 367,843 | |||||
48.02 | Property | 1 | O Road Storage | 169,124 | 19,081 | 150,043 | 3/31/2024 | T-12 | 172,621 | |||||
49 | Loan | 2, 16 | 1 | All Purpose Storage Burlington | 5/6/2029 | 0 | 0 | L(26),D(30),O(4) | 513,085 | 180,659 | 332,427 | 1/31/2024 | T-12 | 500,659 |
50 | Loan | 2, 16, 23 | 1 | The Riley - 880 Manhattan Avenue | 6/1/2029 | 0 | 0 | L(25),YM1(32),O(3) | NAV | NAV | NAV | NAV | NAV | NAV |
A-1-10 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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 (%) |
16 | 16 | |||||||||||||
1 | Loan | 1, 6, 7, 12, 16, 19, 23, 27, 28 | 20 | GNL Industrial Portfolio | 2,405,590 | 27,583,927 | 12/31/2022 | T-12 | 27,940,480 | 1,352,135 | 26,588,345 | 12/31/2021 | T-12 | 100.0% |
1.01 | Property | 1 | FCA USA - Detroit, MI | 650,834 | 7,869,278 | 12/31/2022 | T-12 | 7,504,173 | 492,597 | 7,011,576 | 12/31/2021 | T-12 | 100.0% | |
1.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | 46,387 | 3,589,064 | 12/31/2022 | T-12 | 3,572,514 | 53,827 | 3,518,687 | 12/31/2021 | T-12 | 100.0% | |
1.03 | Property | 1 | Follett School - McHenry, IL | 242,928 | 2,039,309 | 12/31/2022 | T-12 | 2,175,499 | 14,055 | 2,161,445 | 12/31/2021 | T-12 | 100.0% | |
1.04 | Property | 1 | Shaw Aero - Naples, FL | 199,160 | 1,058,932 | 12/31/2022 | T-12 | 1,185,273 | 140,625 | 1,044,648 | 12/31/2021 | T-12 | 100.0% | |
1.05 | Property | 1 | Kuka - Sterling Heights, MI | 17,198 | 1,150,000 | 12/31/2022 | T-12 | 1,145,854 | 15,854 | 1,130,000 | 12/31/2021 | T-12 | 100.0% | |
1.06 | Property | 1 | ZF Active Safety - Findlay, OH | 566,121 | 1,615,420 | 12/31/2022 | T-12 | 1,613,103 | 30,166 | 1,582,937 | 12/31/2021 | T-12 | 100.0% | |
1.07 | Property | 1 | CF Sauer - 184 Suburban | 3,421 | 1,112,707 | 12/31/2022 | T-12 | 1,095,495 | 4,606 | 1,090,889 | 12/31/2021 | T-12 | 100.0% | |
1.08 | Property | 1 | CF Sauer - 728 N Main St. | 7,967 | 1,160,859 | 12/31/2022 | T-12 | 1,148,824 | 10,727 | 1,138,097 | 12/31/2021 | T-12 | 100.0% | |
1.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | 21,962 | 1,020,006 | 12/31/2022 | T-12 | 1,030,165 | 20,259 | 1,009,906 | 12/31/2021 | T-12 | 100.0% | |
1.10 | Property | 1 | Hannibal - Houston, TX | 316,728 | 1,123,664 | 12/31/2022 | T-12 | 1,418,165 | 316,534 | 1,101,631 | 12/31/2021 | T-12 | 100.0% | |
1.11 | Property | 1 | FedEx IV - Lexington, KY | 148,531 | 841,974 | 12/31/2022 | T-12 | 960,054 | 145,240 | 814,814 | 12/31/2021 | T-12 | 100.0% | |
1.12 | Property | 1 | VersaFlex - Kansas City, KS | 3,486 | 720,000 | 12/31/2022 | T-12 | 721,756 | 1,756 | 720,000 | 12/31/2021 | T-12 | 100.0% | |
1.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | 80,797 | 828,595 | 12/31/2022 | T-12 | 894,780 | 78,430 | 816,350 | 12/31/2021 | T-12 | 100.0% | |
1.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | 4,435 | 642,087 | 12/31/2022 | T-12 | 640,692 | 2,212 | 638,480 | 12/31/2021 | T-12 | 100.0% | |
1.15 | Property | 1 | CSTK - St. Louis, MO | 87,739 | 902,602 | 12/31/2022 | T-12 | 917,357 | 14,755 | 902,602 | 12/31/2021 | T-12 | 100.0% | |
1.16 | Property | 1 | CF Sauer - 39 S Park Dr. | 4,901 | 714,375 | 12/31/2022 | T-12 | 706,968 | 6,600 | 700,367 | 12/31/2021 | T-12 | 100.0% | |
1.17 | Property | 1 | AM Castle - Wichita, KS | 0 | 747,440 | 12/31/2022 | T-12 | 767,495 | 0 | 767,495 | 12/31/2021 | T-12 | 100.0% | |
1.18 | Property | 1 | CF Sauer - 9 Old Mill Road | 2,581 | 375,987 | 12/31/2022 | T-12 | 372,089 | 3,475 | 368,614 | 12/31/2021 | T-12 | 100.0% | |
1.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | 222 | 43,432 | 12/31/2022 | T-12 | 42,580 | 225 | 42,355 | 12/31/2021 | T-12 | 100.0% | |
1.20 | Property | 1 | CF Sauer - 513 West Butler Road | 192 | 28,199 | 12/31/2022 | T-12 | 27,646 | 195 | 27,452 | 12/31/2021 | T-12 | 100.0% | |
2 | Loan | 2, 4, 5, 6, 16, 30 | 6 | Champion MSU Student Housing Portfolio | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% |
2.01 | Property | 1 | 731 Burcham Drive | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
2.02 | Property | 1 | 745 Burcham Drive | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
2.03 | Property | 1 | 635 Abbot Road | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
2.04 | Property | 1 | 767 Burcham Drive | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
2.05 | Property | 1 | 787 Burcham Drive | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
2.06 | Property | 1 | 129 Burcham Drive | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
3 | Loan | 1, 2, 7, 16, 27, 28 | 1 | 620 W 153rd Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 94.3% |
4 | Loan | 23 | 1 | 1640 Sepulveda | 3,222,936 | 3,460,444 | 12/31/2023 | T-12 | 7,261,426 | 3,077,714 | 4,183,712 | 12/31/2022 | T-12 | 80.9% |
5 | Loan | 2, 4, 7, 17, 28 | 1 | University Pointe | 5,233,248 | 8,127,143 | 12/31/2023 | T-12 | NAV | NAV | NAV | NAV | NAV | 95.0% |
6 | Loan | 6 | 3 | BPW Houston Multifamily Portfolio | 2,022,699 | 3,165,190 | 12/31/2023 | T-12 | 4,728,773 | 1,999,074 | 2,729,698 | 12/31/2022 | T-12 | 91.0% |
6.01 | Property | 1 | Bayou Willows | 746,036 | 1,330,475 | 12/31/2023 | T-12 | 1,729,358 | 756,619 | 972,739 | 12/31/2022 | T-12 | 93.7% | |
6.02 | Property | 1 | Weston Oaks | 864,662 | 1,242,960 | 12/31/2023 | T-12 | 1,942,116 | 870,175 | 1,071,942 | 12/31/2022 | T-12 | 89.0% | |
6.03 | Property | 1 | Pleasant Village | 412,001 | 591,754 | 12/31/2023 | T-12 | 1,057,298 | 372,280 | 685,018 | 12/31/2022 | T-12 | 90.1% | |
7 | Loan | 1, 7, 9, 12, 13, 17, 19, 23, 24 | 1 | 640 5th Avenue | 19,799,244 | 47,771,835 | 12/31/2022 | T-12 | 66,651,606 | 17,827,438 | 48,824,168 | 12/31/2021 | T-12 | 100.0% |
8 | Loan | 2, 7, 10, 24 | 1 | 28-40 West 23rd Street | 17,307,963 | 30,708,273 | 12/31/2022 | T-12 | 46,966,435 | 15,927,879 | 31,038,555 | 12/31/2021 | T-12 | 74.9% |
9 | Loan | 10, 13, 27, 30 | 1 | Country View Apartments | 983,424 | 1,885,291 | 12/31/2023 | T-12 | 2,690,923 | 905,136 | 1,785,787 | 12/31/2022 | T-9 Ann. | 89.3% |
10 | Loan | 5 | 1 | Courtyard Fort Myers at I-75 | 4,253,334 | 3,483,067 | 12/31/2023 | T-12 | 7,783,925 | 4,143,203 | 3,640,722 | 12/31/2022 | T-12 | 85.0% |
11 | Loan | 2, 4, 6, 7, 12, 20, 27, 30 | 10 | Bedrock Mixed-Use Portfolio | 7,634,728 | 5,942,624 | 12/31/2022 | T-12 | 10,172,405 | 6,877,759 | 3,294,646 | 12/31/2021 | T-12 | 88.6% |
11.01 | Property | 1 | Trio on Fort Street | 2,305,169 | 832,909 | 12/31/2022 | T-12 | 1,272,872 | 2,394,154 | (1,121,282) | 12/31/2021 | T-12 | 89.0% | |
11.02 | Property | 1 | 28 Grand Apartments | 964,252 | 663,367 | 12/31/2022 | T-12 | 1,112,458 | 748,819 | 363,639 | 12/31/2021 | T-12 | 91.3% | |
11.03 | Property | 1 | Madison Building | 799,503 | 814,555 | 12/31/2022 | T-12 | 1,586,695 | 694,075 | 892,620 | 12/31/2021 | T-12 | 88.6% | |
11.04 | Property | 1 | 1274 Library Street | 609,510 | 954,355 | 12/31/2022 | T-12 | 795,825 | 442,187 | 353,638 | 12/31/2021 | T-12 | 70.1% | |
11.05 | Property | 1 | The Ferguson Apartments | 823,949 | 391,890 | 12/31/2022 | T-12 | 1,028,655 | 637,126 | 391,529 | 12/31/2021 | T-12 | 67.9% | |
11.06 | Property | 1 | Lofts of Merchant Row | 425,274 | 686,919 | 12/31/2022 | T-12 | 1,082,597 | 407,168 | 675,429 | 12/31/2021 | T-12 | 90.0% | |
11.07 | Property | 1 | 620 and 630 Woodward Avenue | 527,953 | 853,475 | 12/31/2022 | T-12 | 1,453,975 | 526,241 | 927,734 | 12/31/2021 | T-12 | 85.1% | |
11.08 | Property | 1 | The Globe Building | 683,759 | 307,971 | 12/31/2022 | T-12 | 907,399 | 616,344 | 291,055 | 12/31/2021 | T-12 | 84.9% | |
11.09 | Property | 1 | 1500 Woodward Avenue | 298,055 | 219,155 | 12/31/2022 | T-12 | 595,837 | 257,882 | 337,955 | 12/31/2021 | T-12 | 89.9% | |
11.10 | Property | 1 | Fourteen56 Apartments | 197,304 | 218,028 | 12/31/2022 | T-12 | 336,092 | 153,763 | 182,329 | 12/31/2021 | T-12 | 76.9% | |
12 | Loan | 3, 7, 12, 24, 30 | 1 | Syngenta Woodland | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% |
13 | Loan | 5, 7, 12, 15, 19, 23 | 1 | Crescent Center | 3,665,097 | 4,418,358 | 12/31/2022 | T-12 | 7,104,048 | 3,419,564 | 3,684,484 | 12/31/2021 | T-12 | 88.3% |
14 | Loan | 2, 10, 19, 20, 21, 23 | 1 | ASC Business Park | 1,117,234 | 2,638,857 | 12/31/2023 | T-12 | 3,436,339 | 1,031,259 | 2,405,080 | 12/31/2022 | T-12 | 85.0% |
15 | Loan | 6, 27 | 4 | Philadelphia Multifamily Portfolio | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 94.6% |
15.01 | Property | 1 | 2105 Germantown Avenue | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 93.9% | |
15.02 | Property | 1 | 719, 723-727 North 35th Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | |
15.03 | Property | 1 | 2101-2111 North Fairhill Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | |
15.04 | Property | 1 | 2215 North 7th Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | |
16 | Loan | 6 | 3 | Cityline NY FL & TN Portfolio | 808,475 | 1,561,110 | 12/31/2023 | T-12 | NAV | NAV | NAV | NAV | NAV | 85.4% |
16.01 | Property | 1 | Storage Sense - Chatham & Canaan | 192,166 | 613,794 | 12/31/2023 | T-12 | NAV | NAV | NAV | NAV | NAV | 87.5% | |
16.02 | Property | 1 | Storage Sense - Clarksville | 232,896 | 636,247 | 12/31/2023 | T-12 | NAV | NAV | NAV | NAV | NAV | 81.1% | |
16.03 | Property | 1 | Storage Sense – Punta Gorda | 383,414 | 311,070 | 12/31/2023 | T-12 | NAV | NAV | NAV | NAV | NAV | 87.4% | |
17 | Loan | 16, 28 | 1 | Lofts at Dallas Mill | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% |
18 | Loan | 1, 4, 7, 12, 14, 19, 20, 23 | 1 | Kenwood Towne Centre | 13,294,184 | 37,154,574 | 12/31/2022 | T-12 | 46,624,468 | 12,851,993 | 33,772,475 | 12/31/2021 | T-12 | 94.5% |
19 | Loan | 2, 7, 21, 23, 24 | 1 | Wateridge | 8,854,759 | 10,235,309 | 12/31/2022 | T-12 | 17,858,530 | 8,415,170 | 9,443,360 | 12/31/2021 | T-12 | 78.6% |
20 | Loan | 1, 7, 23 | 1 | 1099 New York Avenue | 5,692,702 | 6,910,302 | 12/31/2022 | T-12 | 14,315,394 | 5,769,975 | 8,545,419 | 12/31/2021 | T-12 | 90.0% |
21 | Loan | 19 | 1 | 48 E 57th Street | 348,610 | 1,021,390 | 12/31/2022 | T-12 | 1,406,113 | 487,399 | 918,714 | 12/31/2021 | T-12 | 95.0% |
22 | Loan | 10, 15, 23 | 1 | Hooksett Village | 503,176 | 890,979 | 12/31/2022 | T-12 | 1,297,888 | 529,298 | 768,590 | 12/31/2021 | T-12 | 91.9% |
23 | Loan | 5, 16, 27 | 1 | 637 E 223rd Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% |
24 | Loan | 17, 19, 20 | 1 | Town & Country Plaza | 580,851 | 1,692,488 | 12/31/2023 | T-12 | 2,080,566 | 581,388 | 1,499,178 | 12/31/2022 | T-12 | 81.2% |
25 | Loan | 5 | 1 | SpringHill Suites Fort Myers Airport | 3,223,185 | 2,108,910 | 12/31/2023 | T-12 | 5,054,522 | 2,926,565 | 2,127,957 | 12/31/2022 | T-12 | 80.0% |
26 | Loan | 2, 4, 5, 14, 16, 27, 28 | 1 | 2460 White Plains Road & 708 Mace Avenue | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 96.9% |
27 | Loan | 6, 7, 19 | 2 | The Pointe & Oak Shadows | 2,751,164 | 5,105,738 | 12/31/2023 | T-12 | 6,614,855 | 2,562,604 | 4,052,251 | 12/31/2022 | T-12 | 95.4% |
27.01 | Property | 1 | The Pointe | 2,075,397 | 4,088,459 | 12/31/2023 | T-12 | 5,322,653 | 1,968,921 | 3,353,732 | 12/31/2022 | T-12 | 96.0% | |
27.02 | Property | 1 | Oak Shadows | 675,766 | 1,017,279 | 12/31/2023 | T-12 | 1,292,202 | 593,683 | 698,519 | 12/31/2022 | T-12 | 93.2% | |
28 | Loan | 19, 30 | 1 | 55 Pharr | 1,403,325 | 625,744 | 12/31/2023 | T-12 | 1,970,944 | 1,408,786 | 562,158 | 12/31/2022 | T-12 | 91.5% |
29 | Loan | 10, 15 | 1 | Citrus Center | 482,228 | 1,586,602 | 12/31/2022 | T-12 | 2,017,140 | 498,244 | 1,518,896 | 12/31/2021 | T-12 | 92.5% |
30 | Loan | 16, 20 | 1 | 152 Geary Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 94.6% |
31 | Loan | 2, 4, 6, 16 | 2 | Toobian NY Portfolio | 44,611 | 270,795 | 12/31/2023 | T-12 | 223,029 | 54,303 | 168,726 | 12/31/2022 | T-12 | 95.8% |
31.01 | Property | 1 | 235, 239 and 241 East 39th Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 96.1% | |
31.02 | Property | 1 | 1437 Old Northern Boulevard | 44,611 | 270,795 | 12/31/2023 | T-12 | 223,029 | 54,303 | 168,726 | 12/31/2022 | T-12 | 95.0% | |
32 | Loan | 1 | Grande Woods South MHC | 578,027 | 996,828 | 12/31/2023 | T-12 | 1,474,749 | 588,105 | 886,644 | 12/31/2022 | T-12 | 94.9% | |
33 | Loan | 16 | 1 | Western Falcon | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% |
34 | Loan | 6, 10, 24 | 2 | Stor-More-Laredo Self Storage | 462,593 | 971,165 | 12/31/2023 | T-12 | 1,403,241 | 459,731 | 943,510 | 12/31/2022 | T-12 | 83.0% |
34.01 | Property | 1 | Muller Rd | 264,848 | 614,770 | 12/31/2023 | T-12 | 842,561 | 277,346 | 565,215 | 12/31/2022 | T-12 | 86.5% | |
34.02 | Property | 1 | Industrial Blvd | 197,745 | 356,395 | 12/31/2023 | T-12 | 560,680 | 182,385 | 378,294 | 12/31/2022 | T-12 | 77.8% | |
35 | Loan | 2, 4, 16, 27, 28 | 1 | Centurion Union Phase III | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% |
36 | Loan | 1 | 262-282 Cabrini Boulevard | 766,517 | 822,415 | 12/31/2023 | T-12 | 1,443,926 | 766,415 | 677,511 | 12/31/2022 | T-12 | 93.5% | |
37 | Loan | 16 | 1 | Country Place Apartments | 525,347 | 944,566 | 12/31/2023 | T-12 | 1,277,710 | 517,588 | 760,122 | 12/31/2022 | T-12 | 95.7% |
38 | Loan | 1 | Hunter's Run | 816,601 | 722,636 | 12/31/2023 | T-12 | 1,359,244 | 707,167 | 652,077 | 12/31/2022 | T-12 | 95.0% | |
39 | Loan | 4, 16, 19, 28, 30 | 1 | Griffin Capital Plaza | 0 | 1,136,940 | 12/31/2023 | T-12 | 1,103,821 | 0 | 1,103,821 | 12/31/2022 | T-12 | 92.5% |
40 | Loan | 16 | 1 | 322 Graham Avenue | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 97.0% |
A-1-11 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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 (%) |
16 | 16 | |||||||||||||
41 | Loan | 2, 6 | 3 | Griffith MHC Portfolio | 417,324 | 777,210 | 12/31/2023 | T-12 | 1,118,833 | 390,427 | 728,406 | 12/31/2022 | T-12 | 95.6% |
41.01 | Property | 1 | Gobblers Knob | 145,259 | 292,305 | 12/31/2023 | T-12 | 412,118 | 144,585 | 267,533 | 12/31/2022 | T-12 | 97.0% | |
41.02 | Property | 1 | Westwood Manor | 138,209 | 254,803 | 12/31/2023 | T-12 | 400,609 | 152,948 | 247,661 | 12/31/2022 | T-12 | 97.0% | |
41.03 | Property | 1 | Hidden Valley | 133,856 | 230,102 | 12/31/2023 | T-12 | 306,106 | 92,894 | 213,212 | 12/31/2022 | T-12 | 92.8% | |
42 | Loan | 16, 19 | 1 | 2 Palmer Terrace | 222,152 | 632,000 | 12/31/2023 | T-12 | 823,784 | 175,645 | 648,139 | 12/31/2022 | T-12 | 95.0% |
43 | Loan | 1 | Silver Oaks Business Park | 309,209 | 1,026,173 | 12/31/2023 | T-12 | 1,178,091 | 294,921 | 883,170 | 12/31/2022 | T-12 | 95.0% | |
44 | Loan | 10, 27 | 1 | Extra Space Storage Chicago Heights | 560,871 | 801,245 | 12/31/2023 | T-12 | 1,307,238 | 557,903 | 749,335 | 12/31/2022 | T-12 | 90.0% |
45 | Loan | 6, 26 | 2 | MIC St. Louis & Memphis | 124,783 | 793,208 | 12/31/2022 | T-12 | 633,905 | 114,602 | 519,303 | 12/31/2021 | T-12 | 100.0% |
45.01 | Property | 1 | St. Louis Spruce | 80,051 | 548,675 | 12/31/2022 | T-12 | 352,318 | 75,364 | 276,953 | 12/31/2021 | T-12 | 100.0% | |
45.02 | Property | 1 | Memphis Poplar | 44,732 | 244,533 | 12/31/2022 | T-12 | 281,587 | 39,238 | 242,350 | 12/31/2021 | T-12 | 100.0% | |
46 | Loan | 2, 6, 16 | 2 | Anchor MHC and Tropical Circle MHC Portfolio | 162,948 | 379,660 | 12/31/2023 | T-12 | 384,522 | 151,870 | 232,652 | 12/31/2022 | T-12 | 95.0% |
46.01 | Property | 1 | Anchor MHC | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
46.02 | Property | 1 | Tropical Circle MHC | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
47 | Loan | 1 | Cordova Court Apartments | 695,712 | 431,749 | 12/31/2023 | T-12 | 953,242 | 603,163 | 350,079 | 12/31/2022 | T-12 | 84.2% | |
48 | Loan | 6 | 2 | Otto Storage Portfolio | 153,005 | 387,459 | 12/31/2023 | T-12 | 559,040 | 146,917 | 412,123 | 12/31/2022 | T-12 | 85.2% |
48.01 | Property | 1 | D Highway Storage | 108,604 | 259,239 | 12/31/2023 | T-12 | 381,793 | 102,283 | 279,510 | 12/31/2022 | T-12 | 84.5% | |
48.02 | Property | 1 | O Road Storage | 44,401 | 128,220 | 12/31/2023 | T-12 | 177,247 | 44,634 | 132,613 | 12/31/2022 | T-12 | 87.0% | |
49 | Loan | 2, 16 | 1 | All Purpose Storage Burlington | 175,011 | 325,649 | 12/31/2023 | T-12 | 433,893 | 271,809 | 162,084 | 12/31/2022 | T-12 | 97.3% |
50 | Loan | 2, 16, 23 | 1 | The Riley - 880 Manhattan Avenue | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 92.3% |
A-1-12 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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 ($) |
15 | 15 | 7, 14 | 7, 14 | 7 | 7 | 5 | |||||||||
1 | Loan | 1, 6, 7, 12, 16, 19, 23, 27, 28 | 20 | GNL Industrial Portfolio | 32,612,362 | 2,698,321 | 29,914,041 | 586,246 | 0 | 29,327,795 | 2.17 | 2.12 | 12.6% | 12.4% | 440,475,000 |
1.01 | Property | 1 | FCA USA - Detroit, MI | 10,165,096 | 1,216,851 | 8,948,245 | 149,553 | 0 | 8,798,692 | 130,900,000 | |||||
1.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | 3,862,154 | 136,993 | 3,725,161 | 53,971 | 0 | 3,671,190 | 52,000,000 | |||||
1.03 | Property | 1 | Follett School - McHenry, IL | 2,257,626 | 60,838 | 2,196,789 | 73,030 | 0 | 2,123,759 | 37,600,000 | |||||
1.04 | Property | 1 | Shaw Aero - Naples, FL | 1,482,908 | 319,310 | 1,163,598 | 19,587 | 0 | 1,144,011 | 21,500,000 | |||||
1.05 | Property | 1 | Kuka - Sterling Heights, MI | 1,315,504 | 54,009 | 1,261,495 | 30,000 | 0 | 1,231,495 | 19,950,000 | |||||
1.06 | Property | 1 | ZF Active Safety - Findlay, OH | 1,799,430 | 88,008 | 1,711,423 | 32,445 | 0 | 1,678,978 | 19,450,000 | |||||
1.07 | Property | 1 | CF Sauer - 184 Suburban | 1,198,556 | 27,502 | 1,171,054 | 15,910 | 0 | 1,155,144 | 18,000,000 | |||||
1.08 | Property | 1 | CF Sauer - 728 N Main St. | 1,255,057 | 33,326 | 1,221,732 | 37,050 | 0 | 1,184,682 | 17,900,000 | |||||
1.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | 1,120,814 | 54,362 | 1,066,453 | 12,847 | 0 | 1,053,606 | 16,050,000 | |||||
1.10 | Property | 1 | Hannibal - Houston, TX | 1,552,566 | 340,787 | 1,211,779 | 16,350 | 0 | 1,195,429 | 15,900,000 | |||||
1.11 | Property | 1 | FedEx IV - Lexington, KY | 855,554 | 26,656 | 828,898 | 20,773 | 0 | 808,125 | 14,700,000 | |||||
1.12 | Property | 1 | VersaFlex - Kansas City, KS | 851,541 | 20,629 | 830,912 | 16,950 | 0 | 813,962 | 13,450,000 | |||||
1.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | 979,883 | 112,372 | 867,512 | 25,500 | 0 | 842,012 | 11,900,000 | |||||
1.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | 700,694 | 18,761 | 681,932 | 18,000 | 0 | 663,932 | 11,300,000 | |||||
1.15 | Property | 1 | CSTK - St. Louis, MO | 1,124,754 | 131,892 | 992,862 | 8,404 | 0 | 984,458 | 11,200,000 | |||||
1.16 | Property | 1 | CF Sauer - 39 S Park Dr. | 772,341 | 20,506 | 751,835 | 22,800 | 0 | 729,035 | 11,000,000 | |||||
1.17 | Property | 1 | AM Castle - Wichita, KS | 834,023 | 22,751 | 811,272 | 19,140 | 0 | 792,132 | 10,600,000 | |||||
1.18 | Property | 1 | CF Sauer - 9 Old Mill Road | 406,497 | 10,794 | 395,703 | 12,000 | 0 | 383,703 | 5,800,000 | |||||
1.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | 46,876 | 1,167 | 45,709 | 1,035 | 0 | 44,674 | 775,000 | |||||
1.20 | Property | 1 | CF Sauer - 513 West Butler Road | 30,486 | 808 | 29,678 | 900 | 0 | 28,778 | 500,000 | |||||
2 | Loan | 2, 4, 5, 6, 16, 30 | 6 | Champion MSU Student Housing Portfolio | 6,232,750 | 2,252,738 | 3,980,011 | 75,980 | 0 | 3,904,031 | 1.32 | 1.30 | 9.0% | 8.9% | 65,000,000 |
2.01 | Property | 1 | 731 Burcham Drive | NAV | NAV | NAV | NAV | NAV | NAV | 17,000,000 | |||||
2.02 | Property | 1 | 745 Burcham Drive | NAV | NAV | NAV | NAV | NAV | NAV | 16,700,000 | |||||
2.03 | Property | 1 | 635 Abbot Road | NAV | NAV | NAV | NAV | NAV | NAV | 13,900,000 | |||||
2.04 | Property | 1 | 767 Burcham Drive | NAV | NAV | NAV | NAV | NAV | NAV | 9,900,000 | |||||
2.05 | Property | 1 | 787 Burcham Drive | NAV | NAV | NAV | NAV | NAV | NAV | 3,500,000 | |||||
2.06 | Property | 1 | 129 Burcham Drive | NAV | NAV | NAV | NAV | NAV | NAV | 2,000,000 | |||||
3 | Loan | 1, 2, 7, 16, 27, 28 | 1 | 620 W 153rd Street | 11,953,146 | 1,465,007 | 10,488,139 | 54,727 | 23,270 | 10,410,143 | 1.44 | 1.43 | 9.0% | 8.9% | 205,200,000 |
4 | Loan | 23 | 1 | 1640 Sepulveda | 7,794,639 | 2,578,587 | 5,216,052 | 31,568 | 0 | 5,184,484 | 1.72 | 1.71 | 14.4% | 14.3% | 56,000,000 |
5 | Loan | 2, 4, 7, 17, 28 | 1 | University Pointe | 15,552,873 | 5,357,805 | 10,195,067 | 67,141 | 30,943 | 10,096,983 | 1.75 | 1.73 | 11.9% | 11.8% | 157,400,000 |
6 | Loan | 6 | 3 | BPW Houston Multifamily Portfolio | 5,332,816 | 1,985,613 | 3,347,203 | 154,750 | 0 | 3,192,453 | 1.37 | 1.30 | 10.8% | 10.3% | 52,900,000 |
6.01 | Property | 1 | Bayou Willows | 2,123,264 | 718,055 | 1,405,209 | 53,000 | 0 | 1,352,209 | 21,700,000 | |||||
6.02 | Property | 1 | Weston Oaks | 2,173,555 | 824,452 | 1,349,103 | 66,750 | 0 | 1,282,353 | 20,500,000 | |||||
6.03 | Property | 1 | Pleasant Village | 1,035,997 | 443,106 | 592,891 | 35,000 | 0 | 557,891 | 10,700,000 | |||||
7 | Loan | 1, 7, 9, 12, 13, 17, 19, 23, 24 | 1 | 640 5th Avenue | 77,479,026 | 21,293,412 | 56,185,614 | 78,633 | 7,574,210 | 48,532,770 | 2.37 | 2.04 | 18.7% | 16.2% | 720,000,000 |
8 | Loan | 2, 7, 10, 24 | 1 | 28-40 West 23rd Street | 41,557,426 | 17,664,098 | 23,893,328 | 115,621 | 1,022,942 | 22,754,765 | 2.50 | 2.39 | 15.4% | 14.7% | 420,000,000 |
9 | Loan | 10, 13, 27, 30 | 1 | Country View Apartments | 3,085,989 | 1,008,964 | 2,077,025 | 80,250 | 0 | 1,996,775 | 1.42 | 1.37 | 9.7% | 9.3% | 31,900,000 |
10 | Loan | 5 | 1 | Courtyard Fort Myers at I-75 | 7,447,032 | 4,340,839 | 3,106,192 | 297,881 | 0 | 2,808,311 | 1.89 | 1.70 | 14.6% | 13.2% | 33,500,000 |
11 | Loan | 2, 4, 6, 7, 12, 20, 27, 30 | 10 | Bedrock Mixed-Use Portfolio | 15,673,030 | 7,217,360 | 8,455,670 | 200,496 | 568,285 | 7,686,888 | 1.74 | 1.58 | 11.3% | 10.2% | 138,010,000 |
11.01 | Property | 1 | Trio on Fort Street | 4,599,560 | 1,553,021 | 3,046,539 | 84,567 | 204,756 | 2,757,216 | 35,900,000 | |||||
11.02 | Property | 1 | 28 Grand Apartments | 1,791,885 | 1,055,395 | 736,489 | 34,473 | 2,943 | 699,074 | 16,700,000 | |||||
11.03 | Property | 1 | Madison Building | 1,577,099 | 905,597 | 671,502 | 14,201 | 90,800 | 566,502 | 15,100,000 | |||||
11.04 | Property | 1 | 1274 Library Street | 1,221,471 | 608,725 | 612,746 | 9,687 | 63,865 | 539,194 | 15,000,000 | |||||
11.05 | Property | 1 | The Ferguson Apartments | 1,379,938 | 770,117 | 609,821 | 18,844 | 4,495 | 586,483 | 14,900,000 | |||||
11.06 | Property | 1 | Lofts of Merchant Row | 1,146,841 | 432,167 | 714,675 | 10,197 | 50,095 | 654,383 | 12,500,000 | |||||
11.07 | Property | 1 | 620 and 630 Woodward Avenue | 1,594,591 | 625,871 | 968,720 | 9,210 | 51,975 | 907,536 | 10,570,000 | |||||
11.08 | Property | 1 | The Globe Building | 1,381,440 | 714,493 | 666,947 | 11,639 | 69,910 | 585,399 | 10,480,000 | |||||
11.09 | Property | 1 | 1500 Woodward Avenue | 674,773 | 350,550 | 324,223 | 4,958 | 26,385 | 292,880 | 3,900,000 | |||||
11.10 | Property | 1 | Fourteen56 Apartments | 305,432 | 201,425 | 104,007 | 2,722 | 3,062 | 98,223 | 2,960,000 | |||||
12 | Loan | 3, 7, 12, 24, 30 | 1 | Syngenta Woodland | 3,707,660 | 111,230 | 3,596,430 | 17,350 | 0 | 3,579,080 | 1.80 | 1.79 | 12.2% | 12.1% | 45,700,000 |
13 | Loan | 5, 7, 12, 15, 19, 23 | 1 | Crescent Center | 10,935,948 | 4,160,455 | 6,775,493 | 71,238 | 541,138 | 6,163,117 | 1.71 | 1.56 | 13.0% | 11.9% | 81,100,000 |
14 | Loan | 2, 10, 19, 20, 21, 23 | 1 | ASC Business Park | 3,381,047 | 1,152,979 | 2,228,068 | 59,398 | 159,815 | 2,008,855 | 1.99 | 1.79 | 13.1% | 11.8% | 26,250,000 |
15 | Loan | 6, 27 | 4 | Philadelphia Multifamily Portfolio | 1,833,429 | 260,572 | 1,572,857 | 22,000 | 0 | 1,550,857 | 1.26 | 1.24 | 9.4% | 9.2% | 25,525,000 |
15.01 | Property | 1 | 2105 Germantown Avenue | 587,844 | 82,527 | 505,317 | 8,000 | 0 | 497,317 | 8,050,000 | |||||
15.02 | Property | 1 | 719, 723-727 North 35th Street | 485,361 | 68,809 | 416,552 | 6,250 | 0 | 410,302 | 6,750,000 | |||||
15.03 | Property | 1 | 2101-2111 North Fairhill Street | 441,602 | 74,738 | 366,864 | 4,500 | 0 | 362,364 | 6,000,000 | |||||
15.04 | Property | 1 | 2215 North 7th Street | 318,622 | 34,499 | 284,123 | 3,250 | 0 | 280,873 | 4,725,000 | |||||
16 | Loan | 6 | 3 | Cityline NY FL & TN Portfolio | 2,595,861 | 819,513 | 1,776,349 | 20,632 | 0 | 1,755,717 | 1.69 | 1.67 | 10.6% | 10.5% | 26,200,000 |
16.01 | Property | 1 | Storage Sense - Chatham & Canaan | 871,316 | 201,755 | 669,562 | 6,623 | 0 | 662,939 | 10,150,000 | |||||
16.02 | Property | 1 | Storage Sense - Clarksville | 858,045 | 237,746 | 620,299 | 7,049 | 0 | 613,250 | 9,250,000 | |||||
16.03 | Property | 1 | Storage Sense – Punta Gorda | 866,500 | 380,012 | 486,488 | 6,960 | 0 | 479,528 | 6,800,000 | |||||
17 | Loan | 16, 28 | 1 | Lofts at Dallas Mill | 2,466,145 | 963,147 | 1,502,998 | 37,000 | 0 | 1,465,998 | 1.34 | 1.31 | 9.4% | 9.2% | 28,300,000 |
18 | Loan | 1, 4, 7, 12, 14, 19, 20, 23 | 1 | Kenwood Towne Centre | 50,721,444 | 12,770,752 | 37,950,692 | 206,628 | 1,604,875 | 36,139,189 | 2.30 | 2.19 | 14.6% | 13.9% | 571,200,000 |
19 | Loan | 2, 7, 21, 23, 24 | 1 | Wateridge | 21,187,124 | 9,964,210 | 11,222,913 | 144,235 | 765,407 | 10,313,272 | 2.31 | 2.12 | 17.3% | 15.9% | 136,000,000 |
20 | Loan | 1, 7, 23 | 1 | 1099 New York Avenue | 14,167,990 | 6,281,842 | 7,886,148 | 35,917 | 599,727 | 7,250,505 | 2.01 | 1.85 | 13.8% | 12.7% | 95,900,000 |
21 | Loan | 19 | 1 | 48 E 57th Street | 5,695,250 | 663,498 | 5,031,752 | 2,398 | 0 | 5,029,354 | 4.80 | 4.80 | 33.5% | 33.5% | 84,700,000 |
22 | Loan | 10, 15, 23 | 1 | Hooksett Village | 2,641,308 | 841,666 | 1,799,642 | 49,827 | 168,788 | 1,581,027 | 1.68 | 1.48 | 12.1% | 10.6% | 24,100,000 |
23 | Loan | 5, 16, 27 | 1 | 637 E 223rd Street | 1,791,892 | 217,006 | 1,574,885 | 11,000 | 0 | 1,563,885 | 1.50 | 1.49 | 10.7% | 10.6% | 22,500,000 |
24 | Loan | 17, 19, 20 | 1 | Town & Country Plaza | 2,283,111 | 573,053 | 1,710,058 | 46,635 | 58,294 | 1,605,129 | 1.67 | 1.57 | 12.8% | 12.0% | 21,300,000 |
25 | Loan | 5 | 1 | SpringHill Suites Fort Myers Airport | 5,026,388 | 3,244,824 | 1,781,564 | 201,056 | 0 | 1,580,508 | 1.87 | 1.66 | 14.5% | 12.8% | 19,500,000 |
26 | Loan | 2, 4, 5, 14, 16, 27, 28 | 1 | 2460 White Plains Road & 708 Mace Avenue | 1,355,713 | 161,034 | 1,194,679 | 8,500 | 0 | 1,186,179 | 1.42 | 1.41 | 9.9% | 9.8% | 19,575,000 |
27 | Loan | 6, 7, 19 | 2 | The Pointe & Oak Shadows | 7,891,410 | 3,185,686 | 4,705,725 | 175,000 | 0 | 4,530,725 | 1.58 | 1.52 | 10.0% | 9.7% | 72,700,000 |
27.01 | Property | 1 | The Pointe | 6,186,736 | 2,377,518 | 3,809,218 | 129,500 | 0 | 3,679,718 | 57,600,000 | |||||
27.02 | Property | 1 | Oak Shadows | 1,704,674 | 808,167 | 896,507 | 45,500 | 0 | 851,007 | 15,100,000 | |||||
28 | Loan | 19, 30 | 1 | 55 Pharr | 2,482,401 | 1,527,695 | 954,706 | 30,750 | 0 | 923,956 | 1.32 | 1.28 | 8.4% | 8.2% | 16,400,000 |
29 | Loan | 10, 15 | 1 | Citrus Center | 2,069,426 | 614,161 | 1,455,265 | 28,439 | 85,070 | 1,341,756 | 1.84 | 1.70 | 13.1% | 12.1% | 18,300,000 |
30 | Loan | 16, 20 | 1 | 152 Geary Street | 1,460,986 | 409,176 | 1,051,811 | 1,150 | 5,750 | 1,044,911 | 1.31 | 1.30 | 9.8% | 9.7% | 18,100,000 |
31 | Loan | 2, 4, 6, 16 | 2 | Toobian NY Portfolio | 1,193,207 | 312,392 | 880,815 | 13,719 | 2,100 | 864,996 | 1.27 | 1.25 | 8.3% | 8.2% | 16,400,000 |
31.01 | Property | 1 | 235, 239 and 241 East 39th Street | 878,340 | 259,416 | 618,924 | 9,758 | 0 | 609,166 | 11,500,000 | |||||
31.02 | Property | 1 | 1437 Old Northern Boulevard | 314,867 | 52,977 | 261,891 | 3,961 | 2,100 | 255,830 | 4,900,000 | |||||
32 | Loan | 1 | Grande Woods South MHC | 1,699,508 | 565,632 | 1,133,876 | 12,400 | 0 | 1,121,476 | 1.57 | 1.55 | 10.8% | 10.7% | 19,400,000 | |
33 | Loan | 16 | 1 | Western Falcon | 1,387,303 | 255,719 | 1,131,584 | 1,630 | 41,619 | 1,088,335 | 1.35 | 1.30 | 10.9% | 10.5% | 16,700,000 |
34 | Loan | 6, 10, 24 | 2 | Stor-More-Laredo Self Storage | 1,462,417 | 439,024 | 1,023,393 | 14,452 | 0 | 1,008,941 | 1.38 | 1.36 | 9.9% | 9.7% | 15,800,000 |
34.01 | Property | 1 | Muller Rd | 900,346 | 258,226 | 642,120 | 7,814 | 0 | 634,306 | 9,600,000 | |||||
34.02 | Property | 1 | Industrial Blvd | 562,071 | 180,798 | 381,273 | 6,638 | 0 | 374,635 | 6,200,000 | |||||
35 | Loan | 2, 4, 16, 27, 28 | 1 | Centurion Union Phase III | 1,017,528 | 201,860 | 815,668 | 6,750 | 0 | 808,918 | 1.29 | 1.28 | 8.4% | 8.3% | 16,100,000 |
36 | Loan | 1 | 262-282 Cabrini Boulevard | 1,611,124 | 740,727 | 870,397 | 13,750 | 0 | 856,647 | 1.29 | 1.27 | 9.1% | 8.9% | 15,000,000 | |
37 | Loan | 16 | 1 | Country Place Apartments | 1,520,854 | 551,511 | 969,343 | 36,000 | 0 | 933,343 | 1.49 | 1.44 | 10.2% | 9.8% | 13,700,000 |
38 | Loan | 1 | Hunter's Run | 1,667,362 | 727,714 | 939,648 | 34,200 | 0 | 905,448 | 1.43 | 1.38 | 11.1% | 10.7% | 12,700,000 | |
39 | Loan | 4, 16, 19, 28, 30 | 1 | Griffin Capital Plaza | 1,040,224 | 31,207 | 1,009,017 | 6,800 | 32,638 | 969,580 | 1.69 | 1.62 | 12.2% | 11.7% | 15,750,000 |
40 | Loan | 16 | 1 | 322 Graham Avenue | 790,938 | 131,918 | 659,020 | 2,500 | 0 | 656,520 | 1.25 | 1.25 | 8.0% | 8.0% | 12,600,000 |
A-1-13 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Underwritten EGI ($) | Underwritten Expenses ($) | Underwritten Net Operating Income ($) | Underwritten Replacement / FF&E Reserve ($) | Underwritten TI / LC ($) | Underwritten Net Cash Flow ($) | Underwritten NOI DSCR (x) | Underwritten NCF DSCR (x) | Underwritten NOI Debt Yield (%) | Underwritten NCF Debt Yield (%) | Appraised Value ($) |
15 | 15 | 7, 14 | 7, 14 | 7 | 7 | 5 | |||||||||
41 | Loan | 2, 6 | 3 | Griffith MHC Portfolio | 1,224,492 | 479,192 | 745,300 | 13,550 | 0 | 731,750 | 1.33 | 1.30 | 9.2% | 9.0% | 12,800,000 |
41.01 | Property | 1 | Gobblers Knob | 458,023 | 163,209 | 294,815 | 5,550 | 0 | 289,265 | 4,900,000 | |||||
41.02 | Property | 1 | Westwood Manor | 388,235 | 157,598 | 230,637 | 3,950 | 0 | 226,687 | 4,300,000 | |||||
41.03 | Property | 1 | Hidden Valley | 378,234 | 158,386 | 219,848 | 4,050 | 0 | 215,798 | 3,600,000 | |||||
42 | Loan | 16, 19 | 1 | 2 Palmer Terrace | 873,603 | 257,188 | 616,415 | 6,040 | 0 | 610,375 | 1.26 | 1.25 | 8.6% | 8.5% | 13,700,000 |
43 | Loan | 1 | Silver Oaks Business Park | 1,323,114 | 317,638 | 1,005,476 | 10,390 | 51,950 | 943,136 | 2.41 | 2.26 | 15.5% | 14.5% | 12,600,000 | |
44 | Loan | 10, 27 | 1 | Extra Space Storage Chicago Heights | 1,368,513 | 597,693 | 770,821 | 11,388 | 0 | 759,433 | 1.92 | 1.89 | 12.8% | 12.7% | 11,200,000 |
45 | Loan | 6, 26 | 2 | MIC St. Louis & Memphis | 988,696 | 228,060 | 760,636 | 4,818 | 0 | 755,818 | 1.40 | 1.39 | 12.9% | 12.9% | 11,550,000 |
45.01 | Property | 1 | St. Louis Spruce | 685,683 | 139,854 | 545,830 | 2,943 | 0 | 542,887 | 7,900,000 | |||||
45.02 | Property | 1 | Memphis Poplar | 303,012 | 88,206 | 214,806 | 1,875 | 0 | 212,931 | 3,650,000 | |||||
46 | Loan | 2, 6, 16 | 2 | Anchor MHC and Tropical Circle MHC Portfolio | 623,487 | 179,658 | 443,829 | 6,900 | 0 | 436,929 | 1.44 | 1.42 | 9.3% | 9.2% | 7,600,000 |
46.01 | Property | 1 | Anchor MHC | NAV | NAV | NAV | NAV | NAV | NAV | 7,000,000 | |||||
46.02 | Property | 1 | Tropical Circle MHC | NAV | NAV | NAV | NAV | NAV | NAV | 600,000 | |||||
47 | Loan | 1 | Cordova Court Apartments | 1,262,460 | 688,157 | 574,303 | 47,100 | 0 | 527,203 | 1.76 | 1.62 | 14.4% | 13.2% | 7,140,000 | |
48 | Loan | 6 | 2 | Otto Storage Portfolio | 556,052 | 171,780 | 384,272 | 13,536 | 0 | 370,736 | 1.35 | 1.30 | 9.8% | 9.4% | 6,120,000 |
48.01 | Property | 1 | D Highway Storage | 390,555 | 115,227 | 275,329 | 6,886 | 0 | 268,443 | 4,340,000 | |||||
48.02 | Property | 1 | O Road Storage | 165,497 | 56,554 | 108,943 | 6,650 | 0 | 102,293 | 1,780,000 | |||||
49 | Loan | 2, 16 | 1 | All Purpose Storage Burlington | 522,256 | 164,372 | 357,884 | 2,932 | 0 | 354,952 | 1.40 | 1.39 | 10.4% | 10.3% | 4,910,000 |
50 | Loan | 2, 16, 23 | 1 | The Riley - 880 Manhattan Avenue | 341,291 | 65,632 | 275,660 | 850 | 1,250 | 273,560 | 1.21 | 1.20 | 8.5% | 8.4% | 5,000,000 |
A-1-14 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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 |
5 | 5, 7 | 5, 7 | 3, 4 | 22, 23 | 23 | ||||||||
1 | Loan | 1, 6, 7, 12, 16, 19, 23, 27, 28 | 20 | GNL Industrial Portfolio | As Is | Various | 53.8% | 53.8% | 100.0% | 4/5/2024 | |||
1.01 | Property | 1 | FCA USA - Detroit, MI | As Is | 2/29/2024 | 100.0% | 4/5/2024 | Yes | Fiat Chrysler | 997,022 | |||
1.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | As Is | 2/29/2024 | 100.0% | 4/5/2024 | Yes | Grupo Antolin | 359,807 | |||
1.03 | Property | 1 | Follett School - McHenry, IL | As Is | 2/28/2024 | 100.0% | 4/5/2024 | Yes | Follett School Solutions | 486,868 | |||
1.04 | Property | 1 | Shaw Aero - Naples, FL | As Is | 3/5/2024 | 100.0% | 4/5/2024 | Yes | Shaw Aero Devices | 130,581 | |||
1.05 | Property | 1 | Kuka - Sterling Heights, MI | As Is | 2/29/2024 | 100.0% | 4/5/2024 | Yes | KUKA Systems | 200,000 | |||
1.06 | Property | 1 | ZF Active Safety - Findlay, OH | As Is | 3/1/2024 | 100.0% | 4/5/2024 | Yes | ZF Active Safety | 216,300 | |||
1.07 | Property | 1 | CF Sauer - 184 Suburban | As Is | 3/1/2024 | 100.0% | 4/5/2024 | Yes | Sauer Brands | 106,066 | |||
1.08 | Property | 1 | CF Sauer - 728 N Main St. | As Is | 2/29/2024 | 100.0% | 4/5/2024 | Yes | Sauer Brands | 247,000 | |||
1.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | As Is | 2/28/2024 | 100.0% | 4/5/2024 | Yes | Walgreens | 85,646 | |||
1.10 | Property | 1 | Hannibal - Houston, TX | As Is | 2/28/2024 | 100.0% | 4/5/2024 | Yes | Hannibal Industries | 109,000 | |||
1.11 | Property | 1 | FedEx IV - Lexington, KY | As Is | 3/7/2024 | 100.0% | 4/5/2024 | Yes | FedEx Ground | 138,487 | |||
1.12 | Property | 1 | VersaFlex - Kansas City, KS | As Is | 3/4/2024 | 100.0% | 4/5/2024 | Yes | VersaFlex | 113,000 | |||
1.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | As Is | 2/28/2024 | 100.0% | 4/5/2024 | Yes | Cott Beverages | 170,000 | |||
1.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | As Is | 3/1/2024 | 100.0% | 4/5/2024 | Yes | Dunlop Protective Footwear | 120,000 | |||
1.15 | Property | 1 | CSTK - St. Louis, MO | As Is | 2/29/2024 | 100.0% | 4/5/2024 | Yes | Central States Thermo King | 56,029 | |||
1.16 | Property | 1 | CF Sauer - 39 S Park Dr. | As Is | 2/29/2024 | 100.0% | 4/5/2024 | Yes | Sauer Brands | 152,000 | |||
1.17 | Property | 1 | AM Castle - Wichita, KS | As Is | 3/5/2024 | 100.0% | 4/5/2024 | Yes | A.M. Castle & Co | 127,600 | |||
1.18 | Property | 1 | CF Sauer - 9 Old Mill Road | As Is | 2/29/2024 | 100.0% | 4/5/2024 | Yes | Sauer Brands | 80,000 | |||
1.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | As Is | 3/4/2024 | 100.0% | 4/5/2024 | Yes | Sauer Brands | 6,900 | |||
1.20 | Property | 1 | CF Sauer - 513 West Butler Road | As Is | 2/29/2024 | 100.0% | 4/5/2024 | Yes | Sauer Brands | 6,000 | |||
2 | Loan | 2, 4, 5, 6, 16, 30 | 6 | Champion MSU Student Housing Portfolio | As Portfolio | 12/5/2023 | 67.7% | 67.7% | 98.3% | 5/15/2024 | |||
2.01 | Property | 1 | 731 Burcham Drive | As Is | 12/5/2023 | 96.4% | 5/15/2024 | NAP | NAP | NAP | |||
2.02 | Property | 1 | 745 Burcham Drive | As Is | 12/5/2023 | 99.2% | 5/15/2024 | NAP | NAP | NAP | |||
2.03 | Property | 1 | 635 Abbot Road | As Is | 12/5/2023 | 97.6% | 5/15/2024 | NAP | NAP | NAP | |||
2.04 | Property | 1 | 767 Burcham Drive | As Is | 12/5/2023 | 100.0% | 5/15/2024 | NAP | NAP | NAP | |||
2.05 | Property | 1 | 787 Burcham Drive | As Is | 12/5/2023 | 100.0% | 5/15/2024 | NAP | NAP | NAP | |||
2.06 | Property | 1 | 129 Burcham Drive | As Is | 12/5/2023 | 100.0% | 5/15/2024 | NAP | NAP | NAP | |||
3 | Loan | 1, 2, 7, 16, 27, 28 | 1 | 620 W 153rd Street | As Is | 2/28/2024 | 57.0% | 57.0% | 89.9% | 4/1/2024 | NAP | NAP | NAP |
4 | Loan | 23 | 1 | 1640 Sepulveda | As Is | 3/12/2024 | 64.8% | 63.1% | 77.1% | 4/10/2024 | No | Therabody, Inc. | 15,442 |
5 | Loan | 2, 4, 7, 17, 28 | 1 | University Pointe | As Is | 4/22/2024 | 54.5% | 54.5% | 98.1% | 4/4/2024 | NAP | NAP | NAP |
6 | Loan | 6 | 3 | BPW Houston Multifamily Portfolio | As Is | 4/8/2024 | 58.6% | 58.6% | 95.8% | 5/6/2024 | |||
6.01 | Property | 1 | Bayou Willows | As Is | 4/8/2024 | 94.3% | 5/6/2024 | NAP | NAP | NAP | |||
6.02 | Property | 1 | Weston Oaks | As Is | 4/8/2024 | 95.1% | 5/6/2024 | NAP | NAP | NAP | |||
6.03 | Property | 1 | Pleasant Village | As Is | 4/8/2024 | 99.3% | 5/6/2024 | NAP | NAP | NAP | |||
7 | Loan | 1, 7, 9, 12, 13, 17, 19, 23, 24 | 1 | 640 5th Avenue | As Is | 2/28/2024 | 41.7% | 38.0% | 92.9% | 1/31/2024 | No | Victoria's Secret | 63,779 |
8 | Loan | 2, 7, 10, 24 | 1 | 28-40 West 23rd Street | As Is | 2/15/2024 | 36.9% | 36.9% | 73.5% | 4/1/2024 | No | Aramis - Estee Lauder | 240,500 |
9 | Loan | 10, 13, 27, 30 | 1 | Country View Apartments | As Is | 12/19/2023 | 67.4% | 67.4% | 92.5% | 5/28/2024 | NAP | NAP | NAP |
10 | Loan | 5 | 1 | Courtyard Fort Myers at I-75 | Hypothetical As Is, As If Complete | 2/12/2024 | 63.7% | 63.7% | 88.1% | 1/31/2024 | NAP | NAP | NAP |
11 | Loan | 2, 4, 6, 7, 12, 20, 27, 30 | 10 | Bedrock Mixed-Use Portfolio | As Is | Various | 54.3% | 54.3% | 83.0% | 5/20/2024 | |||
11.01 | Property | 1 | Trio on Fort Street | As Is | 2/28/2024 | 86.1% | 5/20/2024 | No | LM Manufacturing LLC | 295,974 | |||
11.02 | Property | 1 | 28 Grand Apartments | As Is | 2/27/2024 | 84.2% | 5/20/2024 | NAP | NAP | NAP | |||
11.03 | Property | 1 | Madison Building | As Is | 2/27/2024 | 97.5% | 5/20/2024 | No | Detroit Venture Partners LLC | 20,057 | |||
11.04 | Property | 1 | 1274 Library Street | As Is | 2/29/2024 | 54.2% | 5/20/2024 | No | Hudson Real Property LLC | 6,253 | |||
11.05 | Property | 1 | The Ferguson Apartments | As Is | 2/27/2024 | 94.5% | 5/20/2024 | NAP | NAP | NAP | |||
11.06 | Property | 1 | Lofts of Merchant Row | As Is | 2/29/2024 | 89.8% | 5/20/2024 | No | Nike Retail Services Inc. | 22,195 | |||
11.07 | Property | 1 | 620 and 630 Woodward Avenue | As Is | 2/29/2024 | 74.7% | 5/20/2024 | No | Bedrock Management Services LLC | 25,783 | |||
11.08 | Property | 1 | The Globe Building | As Is | 2/29/2024 | 80.1% | 5/20/2024 | No | Hello Innovation Inc. | 11,202 | |||
11.09 | Property | 1 | 1500 Woodward Avenue | As Is | 2/27/2024 | 100.0% | 5/20/2024 | No | Kenneth Neumann/Joel Smith & Associates Inc. | 6,196 | |||
11.10 | Property | 1 | Fourteen56 Apartments | As Is | 2/27/2024 | 100.0% | 5/20/2024 | NAP | NAP | NAP | |||
12 | Loan | 3, 7, 12, 24, 30 | 1 | Syngenta Woodland | As Is | 12/15/2023 | 64.7% | 64.7% | 100.0% | 3/1/2024 | Yes | Syngenta Seeds LLC | 115,664 |
13 | Loan | 5, 7, 12, 15, 19, 23 | 1 | Crescent Center | Hypothetical As Is | 8/3/2023 | 64.1% | 64.1% | 87.6% | 11/13/2023 | No | Butler Snow LLP | 55,581 |
14 | Loan | 2, 10, 19, 20, 21, 23 | 1 | ASC Business Park | As Is | 3/7/2024 | 64.8% | 64.8% | 99.3% | 3/14/2024 | No | Aprotech | 77,924 |
15 | Loan | 6, 27 | 4 | Philadelphia Multifamily Portfolio | As Is | 3/12/2024 | 65.8% | 65.8% | 95.5% | 4/17/2024 | |||
15.01 | Property | 1 | 2105 Germantown Avenue | As Is | 3/12/2024 | 93.8% | 4/17/2024 | NAP | NAP | NAP | |||
15.02 | Property | 1 | 719, 723-727 North 35th Street | As Is | 3/12/2024 | 96.0% | 4/17/2024 | NAP | NAP | NAP | |||
15.03 | Property | 1 | 2101-2111 North Fairhill Street | As Is | 3/12/2024 | 100.0% | 4/17/2024 | NAP | NAP | NAP | |||
15.04 | Property | 1 | 2215 North 7th Street | As Is | 3/12/2024 | 92.3% | 4/17/2024 | NAP | NAP | NAP | |||
16 | Loan | 6 | 3 | Cityline NY FL & TN Portfolio | As Is | Various | 64.0% | 64.0% | 73.1% | 4/30/2024 | |||
16.01 | Property | 1 | Storage Sense - Chatham & Canaan | As Is | 4/19/2024 | 90.1% | 4/30/2024 | NAP | NAP | NAP | |||
16.02 | Property | 1 | Storage Sense - Clarksville | As Is | 4/23/2024 | 82.1% | 4/30/2024 | NAP | NAP | NAP | |||
16.03 | Property | 1 | Storage Sense – Punta Gorda | As Is | 4/23/2024 | 47.9% | 4/30/2024 | NAP | NAP | NAP | |||
17 | Loan | 16, 28 | 1 | Lofts at Dallas Mill | As Is | 3/11/2024 | 56.4% | 56.4% | 95.3% | 4/1/2024 | NAP | NAP | NAP |
18 | Loan | 1, 4, 7, 12, 14, 19, 20, 23 | 1 | Kenwood Towne Centre | As Is | 1/23/2024 | 45.5% | 45.5% | 95.2% | 12/31/2023 | No | Macy's | 262,829 |
19 | Loan | 2, 7, 21, 23, 24 | 1 | Wateridge | As Is | 12/11/2023 | 47.8% | 47.8% | 75.5% | 1/31/2024 | No | Crystal Stairs | 109,886 |
20 | Loan | 1, 7, 23 | 1 | 1099 New York Avenue | As Is - Subject to Extraordinary Assumption | 2/13/2024 | 59.4% | 59.4% | 91.3% | 3/13/2024 | No | Jenner & Block, LLP | 83,334 |
21 | Loan | 19 | 1 | 48 E 57th Street | As Is | 3/12/2024 | 17.7% | 17.7% | 100.0% | 4/19/2024 | Yes | Jacob & Co. | 11,990 |
22 | Loan | 10, 15, 23 | 1 | Hooksett Village | As Is | 1/25/2024 | 61.6% | 61.6% | 91.9% | 3/1/2024 | No | Shaw's Supermarket | 56,007 |
23 | Loan | 5, 16, 27 | 1 | 637 E 223rd Street | As Stabilized | 3/6/2024 | 65.6% | 65.6% | 100.0% | 6/11/2024 | NAP | NAP | NAP |
24 | Loan | 17, 19, 20 | 1 | Town & Country Plaza | As Is | 3/25/2024 | 62.8% | 62.8% | 84.1% | 5/31/2024 | No | Winn Dixie | 54,000 |
25 | Loan | 5 | 1 | SpringHill Suites Fort Myers Airport | Hypothetical As Is, As If Complete | 2/12/2024 | 63.1% | 63.1% | 83.1% | 1/31/2024 | NAP | NAP | NAP |
26 | Loan | 2, 4, 5, 14, 16, 27, 28 | 1 | 2460 White Plains Road & 708 Mace Avenue | As Is | 2/8/2024 | 61.6% | 61.6% | 91.2% | 5/6/2024 | NAP | NAP | NAP |
27 | Loan | 6, 7, 19 | 2 | The Pointe & Oak Shadows | As Is | 12/13/2023 | 64.4% | 64.4% | 97.6% | 4/16/2024 | |||
27.01 | Property | 1 | The Pointe | As Is | 12/13/2023 | 98.1% | 4/16/2024 | NAP | NAP | NAP | |||
27.02 | Property | 1 | Oak Shadows | As Is | 12/13/2023 | 96.2% | 4/16/2024 | NAP | NAP | NAP | |||
28 | Loan | 19, 30 | 1 | 55 Pharr | As Is | 3/7/2024 | 68.9% | 68.9% | 93.5% | 5/9/2024 | NAP | NAP | NAP |
29 | Loan | 10, 15 | 1 | Citrus Center | As Is | 1/22/2024 | 60.7% | 60.7% | 94.9% | 12/31/2023 | No | The TJX Companies, Inc. | 28,000 |
30 | Loan | 16, 20 | 1 | 152 Geary Street | As Is | 4/3/2024 | 59.4% | 59.4% | 76.0% | 5/7/2024 | No | Banana Republic | 8,740 |
31 | Loan | 2, 4, 6, 16 | 2 | Toobian NY Portfolio | As Is | 3/21/2024 | 64.6% | 64.6% | 96.3% | Various | |||
31.01 | Property | 1 | 235, 239 and 241 East 39th Street | As Is | 3/21/2024 | 95.8% | 5/13/2024 | NAP | NAP | NAP | |||
31.02 | Property | 1 | 1437 Old Northern Boulevard | As Is | 3/21/2024 | 100.0% | 5/1/2024 | No | Master G. Barbershop | 1,100 | |||
32 | Loan | 1 | Grande Woods South MHC | As Is | 2/28/2024 | 54.1% | 54.1% | 96.4% | 3/1/2024 | NAP | NAP | NAP | |
33 | Loan | 16 | 1 | Western Falcon | As Is | 1/30/2024 | 62.0% | 62.0% | 100.0% | 5/14/2024 | Yes | WFES Holdings, Inc. | 41,962 |
34 | Loan | 6, 10, 24 | 2 | Stor-More-Laredo Self Storage | As Is | 2/13/2024 | 65.5% | 65.5% | 87.2% | 3/1/2024 | |||
34.01 | Property | 1 | Muller Rd | As Is | 2/13/2024 | 86.8% | 3/1/2024 | NAP | NAP | NAP | |||
34.02 | Property | 1 | Industrial Blvd | As Is | 2/13/2024 | 87.6% | 3/1/2024 | NAP | NAP | NAP | |||
35 | Loan | 2, 4, 16, 27, 28 | 1 | Centurion Union Phase III | As Is | 3/13/2024 | 60.2% | 60.2% | 100.0% | 5/1/2024 | NAP | NAP | NAP |
36 | Loan | 1 | 262-282 Cabrini Boulevard | As Is | 3/22/2024 | 64.0% | 64.0% | 94.5% | 4/10/2024 | NAP | NAP | NAP | |
37 | Loan | 16 | 1 | Country Place Apartments | As Is | 11/9/2023 | 69.3% | 69.3% | 95.8% | 3/21/2024 | NAP | NAP | NAP |
38 | Loan | 1 | Hunter's Run | As Is | 11/3/2023 | 66.9% | 66.9% | 93.9% | 3/12/2024 | NAP | NAP | NAP | |
39 | Loan | 4, 16, 19, 28, 30 | 1 | Griffin Capital Plaza | As Is | 3/26/2024 | 52.7% | 52.7% | 100.0% | 5/3/2024 | Yes | Griffin Capital Company | 27,198 |
40 | Loan | 16 | 1 | 322 Graham Avenue | As Is | 12/6/2023 | 65.1% | 65.1% | 100.0% | 1/12/2024 | NAP | NAP | NAP |
A-1-15 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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 |
5 | 5, 7 | 5, 7 | 3, 4 | 22, 23 | 23 | ||||||||
41 | Loan | 2, 6 | 3 | Griffith MHC Portfolio | As Is | Various | 63.3% | 63.3% | 97.4% | 4/22/2024 | |||
41.01 | Property | 1 | Gobblers Knob | As Is | 3/18/2024 | 98.2% | 4/22/2024 | NAP | NAP | NAP | |||
41.02 | Property | 1 | Westwood Manor | As Is | 3/19/2024 | 98.7% | 4/22/2024 | NAP | NAP | NAP | |||
41.03 | Property | 1 | Hidden Valley | As Is | 3/18/2024 | 95.1% | 4/22/2024 | NAP | NAP | NAP | |||
42 | Loan | 16, 19 | 1 | 2 Palmer Terrace | As Is | 3/13/2024 | 52.6% | 52.6% | 100.0% | 5/7/2024 | Yes | Sofive Soccer Centers | 60,400 |
43 | Loan | 1 | Silver Oaks Business Park | As Is | 3/19/2024 | 51.6% | 51.6% | 95.1% | 5/13/2024 | No | Inland Empire Autism Assessment Center | 8,672 | |
44 | Loan | 10, 27 | 1 | Extra Space Storage Chicago Heights | As Is | 3/29/2024 | 53.6% | 53.6% | 91.7% | 3/31/2024 | NAP | NAP | NAP |
45 | Loan | 6, 26 | 2 | MIC St. Louis & Memphis | As Is | Various | 50.9% | 47.5% | 100.0% | 2/28/2024 | |||
45.01 | Property | 1 | St. Louis Spruce | As Is | 12/22/2023 | 100.0% | 2/28/2024 | NAP | NAP | NAP | |||
45.02 | Property | 1 | Memphis Poplar | As Is | 12/18/2023 | 100.0% | 2/28/2024 | NAP | NAP | NAP | |||
46 | Loan | 2, 6, 16 | 2 | Anchor MHC and Tropical Circle MHC Portfolio | As Is | 4/9/2024 | 62.5% | 62.5% | 100.0% | 5/15/2024 | |||
46.01 | Property | 1 | Anchor MHC | As Is | 4/9/2024 | 100.0% | 5/15/2024 | NAP | NAP | NAP | |||
46.02 | Property | 1 | Tropical Circle MHC | As Is | 4/9/2024 | 100.0% | 5/15/2024 | NAP | NAP | NAP | |||
47 | Loan | 1 | Cordova Court Apartments | As Is | 4/3/2024 | 56.0% | 56.0% | 91.7% | 5/7/2024 | NAP | NAP | NAP | |
48 | Loan | 6 | 2 | Otto Storage Portfolio | As Is | 2/23/2024 | 64.2% | 64.2% | 91.7% | 3/22/2024 | |||
48.01 | Property | 1 | D Highway Storage | As Is | 2/23/2024 | 93.1% | 3/22/2024 | NAP | NAP | NAP | |||
48.02 | Property | 1 | O Road Storage | As Is | 2/23/2024 | 89.4% | 3/22/2024 | NAP | NAP | NAP | |||
49 | Loan | 2, 16 | 1 | All Purpose Storage Burlington | As Is | 3/12/2024 | 70.0% | 70.0% | 99.2% | 4/9/2024 | NAP | NAP | NAP |
50 | Loan | 2, 16, 23 | 1 | The Riley - 880 Manhattan Avenue | As Is | 3/8/2024 | 65.0% | 65.0% | 100.0% | 4/1/2024 | No | Ivy Physical Therapy | 1,250 |
A-1-16 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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 |
23 | 23 | 23 | 23 | 23 | 23 | |||||||
1 | Loan | 1, 6, 7, 12, 16, 19, 23, 27, 28 | 20 | GNL Industrial Portfolio | ||||||||
1.01 | Property | 1 | FCA USA - Detroit, MI | 100.0% | 7/2/2030 | NAP | NAP | NAP | NAP | NAP | NAP | |
1.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | 100.0% | 10/31/2032 | NAP | NAP | NAP | NAP | NAP | NAP | |
1.03 | Property | 1 | Follett School - McHenry, IL | 100.0% | 12/31/2029 | NAP | NAP | NAP | NAP | NAP | NAP | |
1.04 | Property | 1 | Shaw Aero - Naples, FL | 100.0% | 12/31/2032 | NAP | NAP | NAP | NAP | NAP | NAP | |
1.05 | Property | 1 | Kuka - Sterling Heights, MI | 100.0% | 6/30/2034 | NAP | NAP | NAP | NAP | NAP | NAP | |
1.06 | Property | 1 | ZF Active Safety - Findlay, OH | 100.0% | 10/31/2033 | NAP | NAP | NAP | NAP | NAP | NAP | |
1.07 | Property | 1 | CF Sauer - 184 Suburban | 100.0% | 7/31/2039 | NAP | NAP | NAP | NAP | NAP | NAP | |
1.08 | Property | 1 | CF Sauer - 728 N Main St. | 100.0% | 7/31/2039 | NAP | NAP | NAP | NAP | NAP | NAP | |
1.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | 100.0% | 11/30/2030 | NAP | NAP | NAP | NAP | NAP | NAP | |
1.10 | Property | 1 | Hannibal - Houston, TX | 100.0% | 9/30/2029 | NAP | NAP | NAP | NAP | NAP | NAP | |
1.11 | Property | 1 | FedEx IV - Lexington, KY | 100.0% | 4/30/2032 | NAP | NAP | NAP | NAP | NAP | NAP | |
1.12 | Property | 1 | VersaFlex - Kansas City, KS | 100.0% | 12/31/2038 | NAP | NAP | NAP | NAP | NAP | NAP | |
1.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | 100.0% | 1/31/2027 | NAP | NAP | NAP | NAP | NAP | NAP | |
1.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | 100.0% | 1/17/2031 | NAP | NAP | NAP | NAP | NAP | NAP | |
1.15 | Property | 1 | CSTK - St. Louis, MO | 100.0% | 3/25/2030 | NAP | NAP | NAP | NAP | NAP | NAP | |
1.16 | Property | 1 | CF Sauer - 39 S Park Dr. | 100.0% | 7/31/2039 | NAP | NAP | NAP | NAP | NAP | NAP | |
1.17 | Property | 1 | AM Castle - Wichita, KS | 100.0% | 10/31/2029 | NAP | NAP | NAP | NAP | NAP | NAP | |
1.18 | Property | 1 | CF Sauer - 9 Old Mill Road | 100.0% | 7/31/2039 | NAP | NAP | NAP | NAP | NAP | NAP | |
1.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | 100.0% | 7/31/2039 | NAP | NAP | NAP | NAP | NAP | NAP | |
1.20 | Property | 1 | CF Sauer - 513 West Butler Road | 100.0% | 7/31/2039 | NAP | NAP | NAP | NAP | NAP | NAP | |
2 | Loan | 2, 4, 5, 6, 16, 30 | 6 | Champion MSU Student Housing Portfolio | ||||||||
2.01 | Property | 1 | 731 Burcham Drive | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
2.02 | Property | 1 | 745 Burcham Drive | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
2.03 | Property | 1 | 635 Abbot Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
2.04 | Property | 1 | 767 Burcham Drive | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
2.05 | Property | 1 | 787 Burcham Drive | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
2.06 | Property | 1 | 129 Burcham Drive | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
3 | Loan | 1, 2, 7, 16, 27, 28 | 1 | 620 W 153rd Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
4 | Loan | 23 | 1 | 1640 Sepulveda | 9.8% | 2/29/2032 | Retropolis LLC dba Shout! Factory | 15,019 | 9.5% | 12/31/2025 | Peter Millar | 10,618 |
5 | Loan | 2, 4, 7, 17, 28 | 1 | University Pointe | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
6 | Loan | 6 | 3 | BPW Houston Multifamily Portfolio | ||||||||
6.01 | Property | 1 | Bayou Willows | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
6.02 | Property | 1 | Weston Oaks | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
6.03 | Property | 1 | Pleasant Village | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
7 | Loan | 1, 7, 9, 12, 13, 17, 19, 23, 24 | 1 | 640 5th Avenue | 20.3% | 1/31/2032 | Fidelity Real Estate Company | 40,615 | 12.9% | 11/30/2026 | The Klein Group, LLC | 30,103 |
8 | Loan | 2, 7, 10, 24 | 1 | 28-40 West 23rd Street | 41.6% | 1/31/2028 | Home Depot | 118,500 | 20.5% | 1/31/2036 | RAMP | 66,000 |
9 | Loan | 10, 13, 27, 30 | 1 | Country View Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10 | Loan | 5 | 1 | Courtyard Fort Myers at I-75 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
11 | Loan | 2, 4, 6, 7, 12, 20, 27, 30 | 10 | Bedrock Mixed-Use Portfolio | ||||||||
11.01 | Property | 1 | Trio on Fort Street | 52.5% | 7/31/2030 | Diversified Synergies LLC | 189,358 | 33.6% | 8/31/2027 | NAP | NAP | |
11.02 | Property | 1 | 28 Grand Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
11.03 | Property | 1 | Madison Building | 34.1% | 1/31/2027 | Madison Hospitality | 18,702 | 31.8% | 12/31/2035 | Rockbridge Growth Equity LLC | 9,780 | |
11.04 | Property | 1 | 1274 Library Street | 15.4% | 12/31/2025 | Barton Malow Company | 6,217 | 15.3% | 11/30/2025 | Deluxx Fluxx Detroit LLC | 4,623 | |
11.05 | Property | 1 | The Ferguson Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
11.06 | Property | 1 | Lofts of Merchant Row | 43.5% | 5/31/2026 | Hudson Business Enterprises | 5,864 | 11.5% | 8/31/2028 | TEK-Adams Foods LLC | 4,768 | |
11.07 | Property | 1 | 620 and 630 Woodward Avenue | 65.1% | 6/30/2027 | Chipotle | 3,800 | 9.6% | 3/31/2034 | NAP | NAP | |
11.08 | Property | 1 | The Globe Building | 23.7% | 6/30/2025 | TPG Holding LLC | 4,388 | 9.3% | 2/28/2025 | F.H. Paschen, S.N. Nielson & Associates LLC | 3,665 | |
11.09 | Property | 1 | 1500 Woodward Avenue | 28.5% | 12/31/2025 | August Pask Partners LLC | 6,158 | 28.4% | 1/31/2025 | Greyson Clothiers LLC | 5,627 | |
11.10 | Property | 1 | Fourteen56 Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
12 | Loan | 3, 7, 12, 24, 30 | 1 | Syngenta Woodland | 100.0% | 11/30/2043 | NAP | NAP | NAP | NAP | NAP | NAP |
13 | Loan | 5, 7, 12, 15, 19, 23 | 1 | Crescent Center | 15.6% | 6/30/2035 | Simmons Bank | 44,081 | 12.4% | 1/31/2038 | Benefit Recovery Group, LLC | 19,864 |
14 | Loan | 2, 10, 19, 20, 21, 23 | 1 | ASC Business Park | 26.2% | 1/31/2026 | MB Manufacturing | 59,789 | 20.1% | 1/31/2028 | MACPAC | 54,011 |
15 | Loan | 6, 27 | 4 | Philadelphia Multifamily Portfolio | ||||||||
15.01 | Property | 1 | 2105 Germantown Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
15.02 | Property | 1 | 719, 723-727 North 35th Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
15.03 | Property | 1 | 2101-2111 North Fairhill Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
15.04 | Property | 1 | 2215 North 7th Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
16 | Loan | 6 | 3 | Cityline NY FL & TN Portfolio | ||||||||
16.01 | Property | 1 | Storage Sense - Chatham & Canaan | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
16.02 | Property | 1 | Storage Sense - Clarksville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
16.03 | Property | 1 | Storage Sense – Punta Gorda | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
17 | Loan | 16, 28 | 1 | Lofts at Dallas Mill | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
18 | Loan | 1, 4, 7, 12, 14, 19, 20, 23 | 1 | Kenwood Towne Centre | 25.4% | 9/10/2028 | Dillard's | 240,656 | 23.3% | 1/31/2029 | Arhaus Furniture | 16,925 |
19 | Loan | 2, 7, 21, 23, 24 | 1 | Wateridge | 19.0% | 4/15/2030 | County of Los Angeles | 92,189 | 16.0% | 12/31/2032 | 24 Hour Fitness | 38,524 |
20 | Loan | 1, 7, 23 | 1 | 1099 New York Avenue | 46.4% | 7/31/2034 | MediaLinks TV, LLC | 47,414 | 26.4% | 3/31/2033 | Securities Industry and Financial Markets Association | 17,288 |
21 | Loan | 19 | 1 | 48 E 57th Street | 100.0% | 4/30/2034 | NAP | NAP | NAP | NAP | NAP | NAP |
22 | Loan | 10, 15, 23 | 1 | Hooksett Village | 22.5% | 4/30/2031 | Ocean State Job Lot | 33,276 | 13.4% | 1/31/2029 | Empire Beauty School | 25,663 |
23 | Loan | 5, 16, 27 | 1 | 637 E 223rd Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
24 | Loan | 17, 19, 20 | 1 | Town & Country Plaza | 23.2% | 2/3/2032 | Ross Dress for Less | 27,700 | 11.9% | 1/31/2027 | Office Depot | 22,536 |
25 | Loan | 5 | 1 | SpringHill Suites Fort Myers Airport | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
26 | Loan | 2, 4, 5, 14, 16, 27, 28 | 1 | 2460 White Plains Road & 708 Mace Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
27 | Loan | 6, 7, 19 | 2 | The Pointe & Oak Shadows | ||||||||
27.01 | Property | 1 | The Pointe | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
27.02 | Property | 1 | Oak Shadows | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
28 | Loan | 19, 30 | 1 | 55 Pharr | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
29 | Loan | 10, 15 | 1 | Citrus Center | 19.7% | 3/31/2027 | Regal Cinemas, Inc. | 24,000 | 16.9% | 6/30/2026 | OfficeMax North America, Inc. | 17,708 |
30 | Loan | 16, 20 | 1 | 152 Geary Street | 76.0% | 8/31/2033 | NAP | NAP | NAP | NAP | NAP | NAP |
31 | Loan | 2, 4, 6, 16 | 2 | Toobian NY Portfolio | ||||||||
31.01 | Property | 1 | 235, 239 and 241 East 39th Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
31.02 | Property | 1 | 1437 Old Northern Boulevard | 52.4% | 11/30/2029 | Mirabeau K | �� 1,000 | 47.6% | 4/30/2027 | NAP | NAP | |
32 | Loan | 1 | Grande Woods South MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
33 | Loan | 16 | 1 | Western Falcon | 100.0% | 12/31/2032 | NAP | NAP | NAP | NAP | NAP | NAP |
34 | Loan | 6, 10, 24 | 2 | Stor-More-Laredo Self Storage | ||||||||
34.01 | Property | 1 | Muller Rd | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
34.02 | Property | 1 | Industrial Blvd | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
35 | Loan | 2, 4, 16, 27, 28 | 1 | Centurion Union Phase III | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
36 | Loan | 1 | 262-282 Cabrini Boulevard | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
37 | Loan | 16 | 1 | Country Place Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
38 | Loan | 1 | Hunter's Run | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
39 | Loan | 4, 16, 19, 28, 30 | 1 | Griffin Capital Plaza | 100.0% | 4/30/2039 | NAP | NAP | NAP | NAP | NAP | NAP |
40 | Loan | 16 | 1 | 322 Graham Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
A-1-17 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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 |
23 | 23 | 23 | 23 | 23 | 23 | |||||||
41 | Loan | 2, 6 | 3 | Griffith MHC Portfolio | ||||||||
41.01 | Property | 1 | Gobblers Knob | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
41.02 | Property | 1 | Westwood Manor | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
41.03 | Property | 1 | Hidden Valley | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
42 | Loan | 16, 19 | 1 | 2 Palmer Terrace | 100.0% | 1/31/2030 | NAP | NAP | NAP | NAP | NAP | NAP |
43 | Loan | 1 | Silver Oaks Business Park | 16.7% | 5/31/2026 | Riverside Medical Clinic | 8,591 | 16.5% | 12/31/2027 | Jason Temple | 7,750 | |
44 | Loan | 10, 27 | 1 | Extra Space Storage Chicago Heights | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
45 | Loan | 6, 26 | 2 | MIC St. Louis & Memphis | ||||||||
45.01 | Property | 1 | St. Louis Spruce | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
45.02 | Property | 1 | Memphis Poplar | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
46 | Loan | 2, 6, 16 | 2 | Anchor MHC and Tropical Circle MHC Portfolio | ||||||||
46.01 | Property | 1 | Anchor MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
46.02 | Property | 1 | Tropical Circle MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
47 | Loan | 1 | Cordova Court Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
48 | Loan | 6 | 2 | Otto Storage Portfolio | ||||||||
48.01 | Property | 1 | D Highway Storage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
48.02 | Property | 1 | O Road Storage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
49 | Loan | 2, 16 | 1 | All Purpose Storage Burlington | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
50 | Loan | 2, 16, 23 | 1 | The Riley - 880 Manhattan Avenue | 30.1% | 5/31/2033 | NAP | NAP | NAP | NAP | NAP | NAP |
A-1-18 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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 |
23 | 23 | 23 | 23 | 23 | 23 | ||||||||
1 | Loan | 1, 6, 7, 12, 16, 19, 23, 27, 28 | 20 | GNL Industrial Portfolio | |||||||||
1.01 | Property | 1 | FCA USA - Detroit, MI | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
1.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
1.03 | Property | 1 | Follett School - McHenry, IL | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
1.04 | Property | 1 | Shaw Aero - Naples, FL | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
1.05 | Property | 1 | Kuka - Sterling Heights, MI | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
1.06 | Property | 1 | ZF Active Safety - Findlay, OH | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
1.07 | Property | 1 | CF Sauer - 184 Suburban | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
1.08 | Property | 1 | CF Sauer - 728 N Main St. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
1.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
1.10 | Property | 1 | Hannibal - Houston, TX | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
1.11 | Property | 1 | FedEx IV - Lexington, KY | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
1.12 | Property | 1 | VersaFlex - Kansas City, KS | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
1.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
1.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
1.15 | Property | 1 | CSTK - St. Louis, MO | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
1.16 | Property | 1 | CF Sauer - 39 S Park Dr. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
1.17 | Property | 1 | AM Castle - Wichita, KS | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
1.18 | Property | 1 | CF Sauer - 9 Old Mill Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
1.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
1.20 | Property | 1 | CF Sauer - 513 West Butler Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
2 | Loan | 2, 4, 5, 6, 16, 30 | 6 | Champion MSU Student Housing Portfolio | |||||||||
2.01 | Property | 1 | 731 Burcham Drive | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
2.02 | Property | 1 | 745 Burcham Drive | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
2.03 | Property | 1 | 635 Abbot Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
2.04 | Property | 1 | 767 Burcham Drive | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
2.05 | Property | 1 | 787 Burcham Drive | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
2.06 | Property | 1 | 129 Burcham Drive | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
3 | Loan | 1, 2, 7, 16, 27, 28 | 1 | 620 W 153rd Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
4 | Loan | 23 | 1 | 1640 Sepulveda | 6.7% | 9/30/2029 | More Better Industries | 8,393 | 5.3% | 12/8/2027 | Link Entertainment | 7,991 | 5.1% |
5 | Loan | 2, 4, 7, 17, 28 | 1 | University Pointe | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
6 | Loan | 6 | 3 | BPW Houston Multifamily Portfolio | |||||||||
6.01 | Property | 1 | Bayou Willows | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
6.02 | Property | 1 | Weston Oaks | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
6.03 | Property | 1 | Pleasant Village | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
7 | Loan | 1, 7, 9, 12, 13, 17, 19, 23, 24 | 1 | 640 5th Avenue | 9.6% | 4/14/2034 | Abbot Capital Management | 20,019 | 6.4% | 12/31/2032 | Buchanan Ingersoll & Rooney | 16,816 | 5.3% |
8 | Loan | 2, 7, 10, 24 | 1 | 28-40 West 23rd Street | 11.4% | 11/30/2029 | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
9 | Loan | 10, 13, 27, 30 | 1 | Country View Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10 | Loan | 5 | 1 | Courtyard Fort Myers at I-75 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
11 | Loan | 2, 4, 6, 7, 12, 20, 27, 30 | 10 | Bedrock Mixed-Use Portfolio | |||||||||
11.01 | Property | 1 | Trio on Fort Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
11.02 | Property | 1 | 28 Grand Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
11.03 | Property | 1 | Madison Building | 16.6% | 12/31/2029 | Buddy's Downtown Detroit, LLC | 7,977 | 13.6% | 5/31/2030 | Ferndale Project LLC | 890 | 1.5% | |
11.04 | Property | 1 | 1274 Library Street | 11.4% | 8/31/2028 | Gucci America Inc. | 3,611 | 8.9% | 7/31/2032 | Library Street Collective LLC | 1,354 | 3.3% | |
11.05 | Property | 1 | The Ferguson Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
11.06 | Property | 1 | Lofts of Merchant Row | 9.4% | 8/31/2031 | 6 Detroit LLC | 3,871 | 7.6% | 11/30/2024 | Laughter In The Sun LLC | 2,939 | 5.8% | |
11.07 | Property | 1 | 620 and 630 Woodward Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
11.08 | Property | 1 | The Globe Building | 7.7% | 12/31/2025 | Whiting-Turner Contracting Company | 2,081 | 4.4% | 5/31/2027 | Lord Aeck Sargent Planning & Design Inc. | 1,832 | 3.9% | |
11.09 | Property | 1 | 1500 Woodward Avenue | 25.9% | 11/30/2029 | 1500 Wright LLC Ret | 3,107 | 14.3% | 7/31/2029 | 1500 Wright LLC Oth | 615 | 2.8% | |
11.10 | Property | 1 | Fourteen56 Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
12 | Loan | 3, 7, 12, 24, 30 | 1 | Syngenta Woodland | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
13 | Loan | 5, 7, 12, 15, 19, 23 | 1 | Crescent Center | 5.6% | 1/31/2034 | Diversified Trust Company | 17,579 | 4.9% | 4/30/2033 | Wells Fargo Clearing Services | 15,637 | 4.4% |
14 | Loan | 2, 10, 19, 20, 21, 23 | 1 | ASC Business Park | 18.2% | 11/30/2028 | Uplifting Deals | 41,841 | 14.1% | 1/31/2025 | Annie's Bakery | 23,086 | 7.8% |
15 | Loan | 6, 27 | 4 | Philadelphia Multifamily Portfolio | |||||||||
15.01 | Property | 1 | 2105 Germantown Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
15.02 | Property | 1 | 719, 723-727 North 35th Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
15.03 | Property | 1 | 2101-2111 North Fairhill Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
15.04 | Property | 1 | 2215 North 7th Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
16 | Loan | 6 | 3 | Cityline NY FL & TN Portfolio | |||||||||
16.01 | Property | 1 | Storage Sense - Chatham & Canaan | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
16.02 | Property | 1 | Storage Sense - Clarksville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
16.03 | Property | 1 | Storage Sense – Punta Gorda | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
17 | Loan | 16, 28 | 1 | Lofts at Dallas Mill | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
18 | Loan | 1, 4, 7, 12, 14, 19, 20, 23 | 1 | Kenwood Towne Centre | 1.6% | 1/31/2032 | Forever 21 | 16,638 | 1.6% | MTM | Pottery Barn | 15,913 | 1.5% |
19 | Loan | 2, 7, 21, 23, 24 | 1 | Wateridge | 6.7% | 12/31/2029 | Providence Health | 25,977 | 4.5% | 10/31/2029 | ARINC | 24,778 | 4.3% |
20 | Loan | 1, 7, 23 | 1 | 1099 New York Avenue | 9.6% | 10/31/2032 | Bruch Law Group PLLC | 6,372 | 3.5% | 12/31/2028 | FT Casaluca DC, LLC | 5,683 | 3.2% |
21 | Loan | 19 | 1 | 48 E 57th Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
22 | Loan | 10, 15, 23 | 1 | Hooksett Village | 10.3% | 6/30/2031 | Tractor Supply | 22,608 | 9.1% | 12/31/2028 | American Freight | 22,230 | 8.9% |
23 | Loan | 5, 16, 27 | 1 | 637 E 223rd Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
24 | Loan | 17, 19, 20 | 1 | Town & Country Plaza | 9.7% | 9/30/2025 | Petco | 12,500 | 5.4% | 1/31/2028 | Citi Trends | 10,582 | 4.5% |
25 | Loan | 5 | 1 | SpringHill Suites Fort Myers Airport | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
26 | Loan | 2, 4, 5, 14, 16, 27, 28 | 1 | 2460 White Plains Road & 708 Mace Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
27 | Loan | 6, 7, 19 | 2 | The Pointe & Oak Shadows | |||||||||
27.01 | Property | 1 | The Pointe | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
27.02 | Property | 1 | Oak Shadows | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
28 | Loan | 19, 30 | 1 | 55 Pharr | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
29 | Loan | 10, 15 | 1 | Citrus Center | 12.5% | 3/31/2027 | Dollar Tree | 10,400 | 7.3% | 4/30/2028 | Pet Supermarket, Inc. | 7,560 | 5.3% |
30 | Loan | 16, 20 | 1 | 152 Geary Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
31 | Loan | 2, 4, 6, 16 | 2 | Toobian NY Portfolio | |||||||||
31.01 | Property | 1 | 235, 239 and 241 East 39th Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
31.02 | Property | 1 | 1437 Old Northern Boulevard | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
32 | Loan | 1 | Grande Woods South MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
33 | Loan | 16 | 1 | Western Falcon | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
34 | Loan | 6, 10, 24 | 2 | Stor-More-Laredo Self Storage | |||||||||
34.01 | Property | 1 | Muller Rd | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
34.02 | Property | 1 | Industrial Blvd | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
35 | Loan | 2, 4, 16, 27, 28 | 1 | Centurion Union Phase III | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
36 | Loan | 1 | 262-282 Cabrini Boulevard | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
37 | Loan | 16 | 1 | Country Place Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
38 | Loan | 1 | Hunter's Run | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
39 | Loan | 4, 16, 19, 28, 30 | 1 | Griffin Capital Plaza | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
40 | Loan | 16 | 1 | 322 Graham Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
A-1-19 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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 |
23 | 23 | 23 | 23 | 23 | 23 | ||||||||
41 | Loan | 2, 6 | 3 | Griffith MHC Portfolio | |||||||||
41.01 | Property | 1 | Gobblers Knob | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
41.02 | Property | 1 | Westwood Manor | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
41.03 | Property | 1 | Hidden Valley | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
42 | Loan | 16, 19 | 1 | 2 Palmer Terrace | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
43 | Loan | 1 | Silver Oaks Business Park | 14.9% | 10/31/2026 | The Regents of the University of California | 6,583 | 12.7% | 10/31/2024 | Loza Beck Wealth Management | 2,886 | 5.6% | |
44 | Loan | 10, 27 | 1 | Extra Space Storage Chicago Heights | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
45 | Loan | 6, 26 | 2 | MIC St. Louis & Memphis | |||||||||
45.01 | Property | 1 | St. Louis Spruce | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
45.02 | Property | 1 | Memphis Poplar | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
46 | Loan | 2, 6, 16 | 2 | Anchor MHC and Tropical Circle MHC Portfolio | |||||||||
46.01 | Property | 1 | Anchor MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
46.02 | Property | 1 | Tropical Circle MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
47 | Loan | 1 | Cordova Court Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
48 | Loan | 6 | 2 | Otto Storage Portfolio | |||||||||
48.01 | Property | 1 | D Highway Storage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
48.02 | Property | 1 | O Road Storage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
49 | Loan | 2, 16 | 1 | All Purpose Storage Burlington | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
50 | Loan | 2, 16, 23 | 1 | The Riley - 880 Manhattan Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
A-1-20 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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 |
23 | 17 | 17 | |||||||||||
1 | Loan | 1, 6, 7, 12, 16, 19, 23, 27, 28 | 20 | GNL Industrial Portfolio | |||||||||
1.01 | Property | 1 | FCA USA - Detroit, MI | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | No | Fee | NAP | |
1.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | No | Fee | NAP | |
1.03 | Property | 1 | Follett School - McHenry, IL | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | No | Fee | NAP | |
1.04 | Property | 1 | Shaw Aero - Naples, FL | NAP | 3/8/2024 | NAP | 3/6/2024 | NAP | NAP | Yes - AE | Fee | NAP | |
1.05 | Property | 1 | Kuka - Sterling Heights, MI | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | No | Fee | NAP | |
1.06 | Property | 1 | ZF Active Safety - Findlay, OH | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | No | Fee | NAP | |
1.07 | Property | 1 | CF Sauer - 184 Suburban | NAP | 3/6/2024 | NAP | 3/6/2024 | 3/6/2024 | 13% | No | Fee | NAP | |
1.08 | Property | 1 | CF Sauer - 728 N Main St. | NAP | 3/26/2024 | NAP | 3/13/2024 | NAP | NAP | No | Fee | NAP | |
1.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | No | Fee | NAP | |
1.10 | Property | 1 | Hannibal - Houston, TX | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | No | Fee | NAP | |
1.11 | Property | 1 | FedEx IV - Lexington, KY | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | No | Fee | NAP | |
1.12 | Property | 1 | VersaFlex - Kansas City, KS | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | No | Fee | NAP | |
1.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | NAP | 3/6/2024 | NAP | 3/6/2024 | 3/6/2024 | 13% | No | Fee | NAP | |
1.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | No | Fee | NAP | |
1.15 | Property | 1 | CSTK - St. Louis, MO | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | No | Fee | NAP | |
1.16 | Property | 1 | CF Sauer - 39 S Park Dr. | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | No | Fee | NAP | |
1.17 | Property | 1 | AM Castle - Wichita, KS | NAP | 3/26/2024 | NAP | 3/6/2024 | NAP | NAP | No | Fee | NAP | |
1.18 | Property | 1 | CF Sauer - 9 Old Mill Road | NAP | 3/15/2024 | NAP | 3/6/2024 | NAP | NAP | No | Fee | NAP | |
1.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | No | Fee | NAP | |
1.20 | Property | 1 | CF Sauer - 513 West Butler Road | NAP | 3/5/2024 | NAP | 3/6/2024 | NAP | NAP | No | Fee | NAP | |
2 | Loan | 2, 4, 5, 6, 16, 30 | 6 | Champion MSU Student Housing Portfolio | |||||||||
2.01 | Property | 1 | 731 Burcham Drive | NAP | 4/24/2024 | NAP | 4/10/2024 | NAP | NAP | No | Fee | NAP | |
2.02 | Property | 1 | 745 Burcham Drive | NAP | 4/25/2024 | NAP | 4/25/2024 | NAP | NAP | No | Fee | NAP | |
2.03 | Property | 1 | 635 Abbot Road | NAP | 4/25/2024 | NAP | 4/24/2024 | NAP | NAP | No | Fee | NAP | |
2.04 | Property | 1 | 767 Burcham Drive | NAP | 4/24/2024 | NAP | 4/24/2024 | NAP | NAP | No | Fee | NAP | |
2.05 | Property | 1 | 787 Burcham Drive | NAP | 4/24/2024 | NAP | 4/24/2024 | NAP | NAP | No | Fee | NAP | |
2.06 | Property | 1 | 129 Burcham Drive | NAP | 4/26/2024 | NAP | 4/24/2024 | NAP | NAP | No | Fee | NAP | |
3 | Loan | 1, 2, 7, 16, 27, 28 | 1 | 620 W 153rd Street | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | No | Fee | NAP |
4 | Loan | 23 | 1 | 1640 Sepulveda | 2/29/2032 | 12/1/2023 | NAP | 12/1/2023 | 11/30/2023 | 16% | No | Fee | NAP |
5 | Loan | 2, 4, 7, 17, 28 | 1 | University Pointe | NAP | 2/16/2024 | NAP | 2/15/2024 | NAP | NAP | Yes - AH | Fee | NAP |
6 | Loan | 6 | 3 | BPW Houston Multifamily Portfolio | |||||||||
6.01 | Property | 1 | Bayou Willows | NAP | 4/18/2024 | NAP | 4/18/2024 | NAP | NAP | No | Fee | NAP | |
6.02 | Property | 1 | Weston Oaks | NAP | 4/18/2024 | NAP | 4/15/2024 | NAP | NAP | No | Fee | NAP | |
6.03 | Property | 1 | Pleasant Village | NAP | 4/18/2024 | NAP | 4/18/2024 | NAP | NAP | No | Fee | NAP | |
7 | Loan | 1, 7, 9, 12, 13, 17, 19, 23, 24 | 1 | 640 5th Avenue | 1/31/2029 | 4/17/2024 | NAP | 4/12/2024 | NAP | NAP | No | Fee / Leasehold | 7/31/2070 |
8 | Loan | 2, 7, 10, 24 | 1 | 28-40 West 23rd Street | NAP | 2/23/2024 | NAP | 2/23/2024 | NAP | NAP | No | Fee | NAP |
9 | Loan | 10, 13, 27, 30 | 1 | Country View Apartments | NAP | 1/4/2024 | NAP | 12/29/2023 | 1/30/2024 | 8% | No | Fee | NAP |
10 | Loan | 5 | 1 | Courtyard Fort Myers at I-75 | NAP | 2/23/2024 | NAP | 2/23/2024 | NAP | NAP | No | Fee | NAP |
11 | Loan | 2, 4, 6, 7, 12, 20, 27, 30 | 10 | Bedrock Mixed-Use Portfolio | |||||||||
11.01 | Property | 1 | Trio on Fort Street | NAP | 3/18/2024 | NAP | 3/13/2024 | NAP | NAP | No | Fee | NAP | |
11.02 | Property | 1 | 28 Grand Apartments | NAP | 3/11/2024 | NAP | 3/11/2024 | NAP | NAP | No | Fee | NAP | |
11.03 | Property | 1 | Madison Building | 1/31/2025 | 3/11/2024 | NAP | 3/8/2024 | NAP | NAP | No | Fee | NAP | |
11.04 | Property | 1 | 1274 Library Street | 2/28/2031 | 3/11/2024 | NAP | 3/8/2024 | NAP | NAP | No | Fee | NAP | |
11.05 | Property | 1 | The Ferguson Apartments | NAP | 3/11/2024 | NAP | 3/11/2024 | NAP | NAP | No | Fee | NAP | |
11.06 | Property | 1 | Lofts of Merchant Row | 11/30/2024 | 3/11/2024 | NAP | 3/8/2024 | NAP | NAP | No | Fee | NAP | |
11.07 | Property | 1 | 620 and 630 Woodward Avenue | NAP | 3/11/2024 | NAP | 3/8/2024 | NAP | NAP | No | Fee | NAP | |
11.08 | Property | 1 | The Globe Building | 3/31/2027 | 3/11/2024 | NAP | 3/8/2024 | NAP | NAP | No | Fee | NAP | |
11.09 | Property | 1 | 1500 Woodward Avenue | 7/31/2029 | 3/11/2024 | NAP | 3/12/2024 | NAP | NAP | No | Fee | NAP | |
11.10 | Property | 1 | Fourteen56 Apartments | NAP | 3/11/2024 | NAP | 3/11/2024 | NAP | NAP | No | Fee | NAP | |
12 | Loan | 3, 7, 12, 24, 30 | 1 | Syngenta Woodland | NAP | 8/11/2023 | NAP | 8/11/2023 | 8/14/2023 | 7% | No | Fee | NAP |
13 | Loan | 5, 7, 12, 15, 19, 23 | 1 | Crescent Center | 4/30/2028 | 8/17/2023 | NAP | 8/17/2023 | 8/17/2023 | 14% | No | Fee | NAP |
14 | Loan | 2, 10, 19, 20, 21, 23 | 1 | ASC Business Park | 7/31/2025 | 3/14/2024 | NAP | 3/14/2024 | NAP | NAP | No | Fee | NAP |
15 | Loan | 6, 27 | 4 | Philadelphia Multifamily Portfolio | |||||||||
15.01 | Property | 1 | 2105 Germantown Avenue | NAP | 3/22/2024 | NAP | 3/22/2024 | NAP | NAP | No | Fee | NAP | |
15.02 | Property | 1 | 719, 723-727 North 35th Street | NAP | 3/22/2024 | NAP | 3/22/2024 | NAP | NAP | No | Fee | NAP | |
15.03 | Property | 1 | 2101-2111 North Fairhill Street | NAP | 3/22/2024 | NAP | 3/22/2024 | NAP | NAP | No | Fee | NAP | |
15.04 | Property | 1 | 2215 North 7th Street | NAP | 3/22/2024 | NAP | 3/22/2024 | NAP | NAP | No | Fee | NAP | |
16 | Loan | 6 | 3 | Cityline NY FL & TN Portfolio | |||||||||
16.01 | Property | 1 | Storage Sense - Chatham & Canaan | NAP | 5/14/2024; 5/13/2024 | NAP | 5/14/2024 | NAP | NAP | No | Fee | NAP | |
16.02 | Property | 1 | Storage Sense - Clarksville | NAP | 5/24/2024 | NAP | 5/14/2024 | NAP | NAP | No | Fee | NAP | |
16.03 | Property | 1 | Storage Sense – Punta Gorda | NAP | 5/14/2024 | NAP | 5/9/2024 | NAP | NAP | Yes - AE | Fee | NAP | |
17 | Loan | 16, 28 | 1 | Lofts at Dallas Mill | NAP | 3/22/2024 | NAP | 3/22/2024 | NAP | NAP | No | Fee | NAP |
18 | Loan | 1, 4, 7, 12, 14, 19, 20, 23 | 1 | Kenwood Towne Centre | 1/31/2030 | 1/17/2024 | NAP | 1/16/2024 | NAP | NAP | No | Fee | NAP |
19 | Loan | 2, 7, 21, 23, 24 | 1 | Wateridge | 3/31/2030 | 12/28/2023 | NAP | 12/22/2023, 12/28/2023 | 12/22/2023, 12/29/2023 | 11%, 12% | No | Fee | NAP |
20 | Loan | 1, 7, 23 | 1 | 1099 New York Avenue | 4/30/2033 | 2/20/2024 | NAP | 2/20/2024 | NAP | NAP | No | Fee | NAP |
21 | Loan | 19 | 1 | 48 E 57th Street | NAP | 3/21/2024 | NAP | 3/20/2024 | NAP | NAP | No | Fee | NAP |
22 | Loan | 10, 15, 23 | 1 | Hooksett Village | 7/31/2030 | 1/30/2024 | NAP | 1/30/2024 | NAP | NAP | No | Fee | NAP |
23 | Loan | 5, 16, 27 | 1 | 637 E 223rd Street | NAP | 3/8/2024 | NAP | 3/8/2024 | NAP | NAP | No | Fee | NAP |
24 | Loan | 17, 19, 20 | 1 | Town & Country Plaza | 5/31/2029 | 3/29/2024 | NAP | 3/29/2024 | NAP | NAP | No | Fee / Leasehold | 7/31/2045; 2/3/2053 |
25 | Loan | 5 | 1 | SpringHill Suites Fort Myers Airport | NAP | 2/23/2024 | NAP | 2/23/2024 | NAP | NAP | No | Fee | NAP |
26 | Loan | 2, 4, 5, 14, 16, 27, 28 | 1 | 2460 White Plains Road & 708 Mace Avenue | NAP | 2/27/2024 | NAP | 2/26/2024 | NAP | NAP | No | Fee | NAP |
27 | Loan | 6, 7, 19 | 2 | The Pointe & Oak Shadows | |||||||||
27.01 | Property | 1 | The Pointe | NAP | 12/20/2023 | NAP | 3/8/2024 | NAP | NAP | No | Fee | NAP | |
27.02 | Property | 1 | Oak Shadows | NAP | 12/21/2023 | NAP | 3/8/2024 | NAP | NAP | No | Fee | NAP | |
28 | Loan | 19, 30 | 1 | 55 Pharr | NAP | 3/15/2024 | NAP | 3/18/2024 | NAP | NAP | No | Fee | NAP |
29 | Loan | 10, 15 | 1 | Citrus Center | 11/30/2028 | 2/20/2024 | NAP | 2/20/2024 | NAP | NAP | No | Fee | NAP |
30 | Loan | 16, 20 | 1 | 152 Geary Street | NAP | 4/10/2024 | NAP | 4/16/2024 | 4/26/2024 | 16% | No | Fee | NAP |
31 | Loan | 2, 4, 6, 16 | 2 | Toobian NY Portfolio | |||||||||
31.01 | Property | 1 | 235, 239 and 241 East 39th Street | NAP | 3/26/2024 | NAP | 3/26/2024 | NAP | NAP | No | Fee | NAP | |
31.02 | Property | 1 | 1437 Old Northern Boulevard | NAP | 3/26/2024 | NAP | 3/26/2024 | NAP | NAP | No | Fee | NAP | |
32 | Loan | 1 | Grande Woods South MHC | NAP | 3/7/2024 | NAP | 3/7/2024 | NAP | NAP | No | Fee | NAP | |
33 | Loan | 16 | 1 | Western Falcon | NAP | 10/16/2023 | NAP | 10/16/2023 | NAP | NAP | No | Fee | NAP |
34 | Loan | 6, 10, 24 | 2 | Stor-More-Laredo Self Storage | |||||||||
34.01 | Property | 1 | Muller Rd | NAP | 2/21/2024 | NAP | 2/21/2024 | NAP | NAP | Yes - AE | Fee | NAP | |
34.02 | Property | 1 | Industrial Blvd | NAP | 2/22/2024 | NAP | 2/22/2024 | NAP | NAP | No | Fee | NAP | |
35 | Loan | 2, 4, 16, 27, 28 | 1 | Centurion Union Phase III | NAP | 3/19/2024 | NAP | 3/18/2024 | NAP | NAP | No | Fee | NAP |
36 | Loan | 1 | 262-282 Cabrini Boulevard | NAP | 4/1/2024 | NAP | 4/1/2024 | NAP | NAP | No | Fee | NAP | |
37 | Loan | 16 | 1 | Country Place Apartments | NAP | 11/10/2023 | NAP | 11/10/2023 | NAP | NAP | No | Fee | NAP |
38 | Loan | 1 | Hunter's Run | NAP | 11/14/2023 | NAP | 11/14/2023 | NAP | NAP | Yes - A | Fee | NAP | |
39 | Loan | 4, 16, 19, 28, 30 | 1 | Griffin Capital Plaza | NAP | 4/4/2024 | NAP | 4/4/2024 | 4/3/2024 | 10% | No | Fee | NAP |
40 | Loan | 16 | 1 | 322 Graham Avenue | NAP | 12/14/2023 | NAP | 12/13/2023 | NAP | NAP | No | Fee | NAP |
A-1-21 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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 |
23 | 17 | 17 | |||||||||||
41 | Loan | 2, 6 | 3 | Griffith MHC Portfolio | |||||||||
41.01 | Property | 1 | Gobblers Knob | NAP | 3/29/2024 | NAP | 3/29/2024 | NAP | NAP | No | Fee | NAP | |
41.02 | Property | 1 | Westwood Manor | NAP | 3/29/2024 | NAP | 3/29/2024 | NAP | NAP | No | Fee | NAP | |
41.03 | Property | 1 | Hidden Valley | NAP | 3/29/2024 | NAP | 3/29/2024 | NAP | NAP | Yes - AE | Fee | NAP | |
42 | Loan | 16, 19 | 1 | 2 Palmer Terrace | NAP | 3/29/2024 | NAP | 3/27/2024 | NAP | NAP | Yes - AE | Fee | NAP |
43 | Loan | 1 | Silver Oaks Business Park | 3/31/2026 | 3/27/2024 | NAP | 3/27/2024 | 3/27/2024 | 8% | Yes - D | Fee | NAP | |
44 | Loan | 10, 27 | 1 | Extra Space Storage Chicago Heights | NAP | 4/8/2024 | NAP | 4/8/2024 | NAP | NAP | No | Fee | NAP |
45 | Loan | 6, 26 | 2 | MIC St. Louis & Memphis | |||||||||
45.01 | Property | 1 | St. Louis Spruce | NAP | 1/10/2024 | NAP | 1/5/2024 | NAP | NAP | No | Fee | NAP | |
45.02 | Property | 1 | Memphis Poplar | NAP | 1/5/2024 | NAP | 1/5/2024 | NAP | NAP | No | Fee | NAP | |
46 | Loan | 2, 6, 16 | 2 | Anchor MHC and Tropical Circle MHC Portfolio | |||||||||
46.01 | Property | 1 | Anchor MHC | NAP | 4/16/2024 | NAP | 4/15/2024 | NAP | NAP | No | Fee | NAP | |
46.02 | Property | 1 | Tropical Circle MHC | NAP | 4/16/2024 | NAP | 4/15/2024 | NAP | NAP | No | Fee | NAP | |
47 | Loan | 1 | Cordova Court Apartments | NAP | 4/12/2024 | NAP | 4/12/2024 | NAP | NAP | No | Fee | NAP | |
48 | Loan | 6 | 2 | Otto Storage Portfolio | |||||||||
48.01 | Property | 1 | D Highway Storage | NAP | 2/28/2024 | NAP | 2/28/2024 | NAP | NAP | No | Fee | NAP | |
48.02 | Property | 1 | O Road Storage | NAP | 2/28/2024 | NAP | 2/28/2024 | NAP | NAP | No | Fee | NAP | |
49 | Loan | 2, 16 | 1 | All Purpose Storage Burlington | NAP | 3/12/2024 | NAP | 3/11/2024 | NAP | NAP | No | Fee | NAP |
50 | Loan | 2, 16, 23 | 1 | The Riley - 880 Manhattan Avenue | NAP | 3/7/2024 | NAP | 3/7/2024 | NAP | NAP | No | Fee | NAP |
A-1-22 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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 ($) | Upfront Replacement / PIP Reserve ($) |
17 | 17 | 17 | 18 | 19 | 18 | 19 | 18 | |||||
1 | Loan | 1, 6, 7, 12, 16, 19, 23, 27, 28 | 20 | GNL Industrial Portfolio | 376,843 | 94,211 | 0 | Springing | 0 | |||
1.01 | Property | 1 | FCA USA - Detroit, MI | NAP | NAP | NAP | ||||||
1.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | NAP | NAP | NAP | ||||||
1.03 | Property | 1 | Follett School - McHenry, IL | NAP | NAP | NAP | ||||||
1.04 | Property | 1 | Shaw Aero - Naples, FL | NAP | NAP | NAP | ||||||
1.05 | Property | 1 | Kuka - Sterling Heights, MI | NAP | NAP | NAP | ||||||
1.06 | Property | 1 | ZF Active Safety - Findlay, OH | NAP | NAP | NAP | ||||||
1.07 | Property | 1 | CF Sauer - 184 Suburban | NAP | NAP | NAP | ||||||
1.08 | Property | 1 | CF Sauer - 728 N Main St. | NAP | NAP | NAP | ||||||
1.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | NAP | NAP | NAP | ||||||
1.10 | Property | 1 | Hannibal - Houston, TX | NAP | NAP | NAP | ||||||
1.11 | Property | 1 | FedEx IV - Lexington, KY | NAP | NAP | NAP | ||||||
1.12 | Property | 1 | VersaFlex - Kansas City, KS | NAP | NAP | NAP | ||||||
1.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | NAP | NAP | NAP | ||||||
1.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | NAP | NAP | NAP | ||||||
1.15 | Property | 1 | CSTK - St. Louis, MO | NAP | NAP | NAP | ||||||
1.16 | Property | 1 | CF Sauer - 39 S Park Dr. | NAP | NAP | NAP | ||||||
1.17 | Property | 1 | AM Castle - Wichita, KS | NAP | NAP | NAP | ||||||
1.18 | Property | 1 | CF Sauer - 9 Old Mill Road | NAP | NAP | NAP | ||||||
1.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | NAP | NAP | NAP | ||||||
1.20 | Property | 1 | CF Sauer - 513 West Butler Road | NAP | NAP | NAP | ||||||
2 | Loan | 2, 4, 5, 6, 16, 30 | 6 | Champion MSU Student Housing Portfolio | 284,532 | 56,906 | 172,428 | 15,675 | 0 | |||
2.01 | Property | 1 | 731 Burcham Drive | NAP | NAP | NAP | ||||||
2.02 | Property | 1 | 745 Burcham Drive | NAP | NAP | NAP | ||||||
2.03 | Property | 1 | 635 Abbot Road | NAP | NAP | NAP | ||||||
2.04 | Property | 1 | 767 Burcham Drive | NAP | NAP | NAP | ||||||
2.05 | Property | 1 | 787 Burcham Drive | NAP | NAP | NAP | ||||||
2.06 | Property | 1 | 129 Burcham Drive | NAP | NAP | NAP | ||||||
3 | Loan | 1, 2, 7, 16, 27, 28 | 1 | 620 W 153rd Street | NAP | NAP | NAP | 20,811 | 4,162 | 150,978 | 12,582 | 0 |
4 | Loan | 23 | 1 | 1640 Sepulveda | NAP | NAP | NAP | 0 | 100,237 | 19,497 | 6,499 | 0 |
5 | Loan | 2, 4, 7, 17, 28 | 1 | University Pointe | NAP | NAP | NAP | 581,528 | 145,382 | 633,393 | 70,377 | 0 |
6 | Loan | 6 | 3 | BPW Houston Multifamily Portfolio | 391,077 | 65,179 | 79,642 | 17,608 | 0 | |||
6.01 | Property | 1 | Bayou Willows | NAP | NAP | NAP | ||||||
6.02 | Property | 1 | Weston Oaks | NAP | NAP | NAP | ||||||
6.03 | Property | 1 | Pleasant Village | NAP | NAP | NAP | ||||||
7 | Loan | 1, 7, 9, 12, 13, 17, 19, 23, 24 | 1 | 640 5th Avenue | None | 1 | No | 0 | Springing | 0 | Springing | 0 |
8 | Loan | 2, 7, 10, 24 | 1 | 28-40 West 23rd Street | NAP | NAP | NAP | 4,088,374 | 1,022,093 | 0 | Springing | 0 |
9 | Loan | 10, 13, 27, 30 | 1 | Country View Apartments | NAP | NAP | NAP | 14,833 | 3,532 | 39,665 | 18,888 | 0 |
10 | Loan | 5 | 1 | Courtyard Fort Myers at I-75 | NAP | NAP | NAP | 143,868 | 23,978 | 45,915 | 22,958 | 0 |
11 | Loan | 2, 4, 6, 7, 12, 20, 27, 30 | 10 | Bedrock Mixed-Use Portfolio | 0 | Springing | 0 | Springing | 0 | |||
11.01 | Property | 1 | Trio on Fort Street | NAP | NAP | NAP | ||||||
11.02 | Property | 1 | 28 Grand Apartments | NAP | NAP | NAP | ||||||
11.03 | Property | 1 | Madison Building | NAP | NAP | NAP | ||||||
11.04 | Property | 1 | 1274 Library Street | NAP | NAP | NAP | ||||||
11.05 | Property | 1 | The Ferguson Apartments | NAP | NAP | NAP | ||||||
11.06 | Property | 1 | Lofts of Merchant Row | NAP | NAP | NAP | ||||||
11.07 | Property | 1 | 620 and 630 Woodward Avenue | NAP | NAP | NAP | ||||||
11.08 | Property | 1 | The Globe Building | NAP | NAP | NAP | ||||||
11.09 | Property | 1 | 1500 Woodward Avenue | NAP | NAP | NAP | ||||||
11.10 | Property | 1 | Fourteen56 Apartments | NAP | NAP | NAP | ||||||
12 | Loan | 3, 7, 12, 24, 30 | 1 | Syngenta Woodland | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 4,948,000 |
13 | Loan | 5, 7, 12, 15, 19, 23 | 1 | Crescent Center | NAP | NAP | NAP | 530,919 | 132,730 | 92,115 | 9,211 | 0 |
14 | Loan | 2, 10, 19, 20, 21, 23 | 1 | ASC Business Park | NAP | NAP | NAP | 80,902 | 13,484 | 8,060 | 8,060 | 801,875 |
15 | Loan | 6, 27 | 4 | Philadelphia Multifamily Portfolio | 42,127 | 10,532 | 5,219 | 2,609 | 0 | |||
15.01 | Property | 1 | 2105 Germantown Avenue | NAP | NAP | NAP | ||||||
15.02 | Property | 1 | 719, 723-727 North 35th Street | NAP | NAP | NAP | ||||||
15.03 | Property | 1 | 2101-2111 North Fairhill Street | NAP | NAP | NAP | ||||||
15.04 | Property | 1 | 2215 North 7th Street | NAP | NAP | NAP | ||||||
16 | Loan | 6 | 3 | Cityline NY FL & TN Portfolio | 50,800 | 10,160 | 0 | Springing | 0 | |||
16.01 | Property | 1 | Storage Sense - Chatham & Canaan | NAP | NAP | NAP | ||||||
16.02 | Property | 1 | Storage Sense - Clarksville | NAP | NAP | NAP | ||||||
16.03 | Property | 1 | Storage Sense – Punta Gorda | NAP | NAP | NAP | ||||||
17 | Loan | 16, 28 | 1 | Lofts at Dallas Mill | NAP | NAP | NAP | 154,000 | 19,250 | 87,014 | 14,502 | 0 |
18 | Loan | 1, 4, 7, 12, 14, 19, 20, 23 | 1 | Kenwood Towne Centre | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 0 |
19 | Loan | 2, 7, 21, 23, 24 | 1 | Wateridge | NAP | NAP | NAP | 0 | 156,984 | 0 | Springing | 0 |
20 | Loan | 1, 7, 23 | 1 | 1099 New York Avenue | NAP | NAP | NAP | 503,282 | 251,641 | 0 | Springing | 0 |
21 | Loan | 19 | 1 | 48 E 57th Street | NAP | NAP | NAP | 0 | Springing | 64,044 | 5,153 | 200 |
22 | Loan | 10, 15, 23 | 1 | Hooksett Village | NAP | NAP | NAP | 84,492 | 21,123 | 35,878 | 8,970 | 4,152 |
23 | Loan | 5, 16, 27 | 1 | 637 E 223rd Street | NAP | NAP | NAP | 2,035 | 783 | 8,284 | 3,186 | 0 |
24 | Loan | 17, 19, 20 | 1 | Town & Country Plaza | 4, 15-year options; 13, 5-year options | $30,000; $5,000 | Yes | 75,495 | 9,437 | 97,104 | 19,421 | 0 |
25 | Loan | 5 | 1 | SpringHill Suites Fort Myers Airport | NAP | NAP | NAP | 94,823 | 15,804 | 34,903 | 17,451 | 0 |
26 | Loan | 2, 4, 5, 14, 16, 27, 28 | 1 | 2460 White Plains Road & 708 Mace Avenue | NAP | NAP | NAP | 87,744 | 14,795 | 19,293 | 3,504 | 0 |
27 | Loan | 6, 7, 19 | 2 | The Pointe & Oak Shadows | 206,948 | 41,390 | 341,030 | 71,833 | 750,000 | |||
27.01 | Property | 1 | The Pointe | NAP | NAP | NAP | ||||||
27.02 | Property | 1 | Oak Shadows | NAP | NAP | NAP | ||||||
28 | Loan | 19, 30 | 1 | 55 Pharr | NAP | NAP | NAP | 218,914 | 24,324 | 52,850 | 10,570 | 0 |
29 | Loan | 10, 15 | 1 | Citrus Center | NAP | NAP | NAP | 85,360 | 14,227 | 221,479 | 16,493 | 2,370 |
30 | Loan | 16, 20 | 1 | 152 Geary Street | NAP | NAP | NAP | 73,145 | 24,382 | 0 | Springing | 29,500 |
31 | Loan | 2, 4, 6, 16 | 2 | Toobian NY Portfolio | 6,157 | 17,571 | 5,843 | 1,948 | 0 | |||
31.01 | Property | 1 | 235, 239 and 241 East 39th Street | NAP | NAP | NAP | ||||||
31.02 | Property | 1 | 1437 Old Northern Boulevard | NAP | NAP | NAP | ||||||
32 | Loan | 1 | Grande Woods South MHC | NAP | NAP | NAP | 8,893 | 8,469 | 7,088 | 2,250 | 0 | |
33 | Loan | 16 | 1 | Western Falcon | NAP | NAP | NAP | 103,104 | 17,184 | 0 | Springing | 0 |
34 | Loan | 6, 10, 24 | 2 | Stor-More-Laredo Self Storage | 34,063 | 8,516 | 59,865 | 5,390 | 1,204 | |||
34.01 | Property | 1 | Muller Rd | NAP | NAP | NAP | ||||||
34.02 | Property | 1 | Industrial Blvd | NAP | NAP | NAP | ||||||
35 | Loan | 2, 4, 16, 27, 28 | 1 | Centurion Union Phase III | NAP | NAP | NAP | 6,128 | Springing | 7,008 | 1,402 | 0 |
36 | Loan | 1 | 262-282 Cabrini Boulevard | NAP | NAP | NAP | 176,035 | 29,339 | 65,733 | 5,478 | 0 | |
37 | Loan | 16 | 1 | Country Place Apartments | NAP | NAP | NAP | 55,685 | 10,389 | 6,115 | 4,497 | 0 |
38 | Loan | 1 | Hunter's Run | NAP | NAP | NAP | 0 | 7,603 | 10,929 | 5,465 | 0 | |
39 | Loan | 4, 16, 19, 28, 30 | 1 | Griffin Capital Plaza | NAP | NAP | NAP | 116,273 | 14,534 | 0 | Springing | 0 |
40 | Loan | 16 | 1 | 322 Graham Avenue | NAP | NAP | NAP | 12,688 | 6,344 | 7,337 | 815 | 0 |
A-1-23 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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 ($) |
17 | 17 | 17 | 18 | 19 | 18 | 19 | 18 | |||||
41 | Loan | 2, 6 | 3 | Griffith MHC Portfolio | 22,767 | 2,996 | 66,810 | 5,760 | 0 | |||
41.01 | Property | 1 | Gobblers Knob | NAP | NAP | NAP | ||||||
41.02 | Property | 1 | Westwood Manor | NAP | NAP | NAP | ||||||
41.03 | Property | 1 | Hidden Valley | NAP | NAP | NAP | ||||||
42 | Loan | 16, 19 | 1 | 2 Palmer Terrace | NAP | NAP | NAP | 39,673 | 13,224 | 17,643 | 5,881 | 0 |
43 | Loan | 1 | Silver Oaks Business Park | NAP | NAP | NAP | 35,000 | 7,000 | 12,500 | 1,200 | 0 | |
44 | Loan | 10, 27 | 1 | Extra Space Storage Chicago Heights | NAP | NAP | NAP | 87,451 | 21,863 | 7,425 | 1,856 | 949 |
45 | Loan | 6, 26 | 2 | MIC St. Louis & Memphis | 20,180 | 7,689 | 0 | Springing | 402 | |||
45.01 | Property | 1 | St. Louis Spruce | NAP | NAP | NAP | ||||||
45.02 | Property | 1 | Memphis Poplar | NAP | NAP | NAP | ||||||
46 | Loan | 2, 6, 16 | 2 | Anchor MHC and Tropical Circle MHC Portfolio | 35,804 | 5,967 | 17,551 | 1,779 | 0 | |||
46.01 | Property | 1 | Anchor MHC | NAP | NAP | NAP | ||||||
46.02 | Property | 1 | Tropical Circle MHC | NAP | NAP | NAP | ||||||
47 | Loan | 1 | Cordova Court Apartments | NAP | NAP | NAP | 30,397 | 4,342 | 64,261 | 17,631 | 100,000 | |
48 | Loan | 6 | 2 | Otto Storage Portfolio | 13,279 | 2,656 | 2,013 | 2,013 | 1,128 | |||
48.01 | Property | 1 | D Highway Storage | NAP | NAP | NAP | ||||||
48.02 | Property | 1 | O Road Storage | NAP | NAP | NAP | ||||||
49 | Loan | 2, 16 | 1 | All Purpose Storage Burlington | NAP | NAP | NAP | 5,340 | 3,337 | 2,561 | 298 | 0 |
50 | Loan | 2, 16, 23 | 1 | The Riley - 880 Manhattan Avenue | NAP | NAP | NAP | 5,758 | 1,919 | 7,033 | 622 | 16,070 |
A-1-24 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Monthly Replacement / FF&E Reserve ($) | Replacement Reserve Caps ($) | Upfront TI/LC Reserve ($) | Monthly TI/LC Reserve ($) | TI/LC Caps ($) | Upfront Debt Service Reserve ($) | Monthly Debt Service Reserve ($) | Debt Service Reserve Cap ($) | Upfront Deferred Maintenance Reserve ($) | Upfront Other Reserve ($) |
19 | 20 | 18 | 19 | 20 | 18 | 19 | 20 | 18 | 18 | |||||
1 | Loan | 1, 6, 7, 12, 16, 19, 23, 27, 28 | 20 | GNL Industrial Portfolio | Springing | 0 | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 1,634,412 |
1.01 | Property | 1 | FCA USA - Detroit, MI | |||||||||||
1.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | |||||||||||
1.03 | Property | 1 | Follett School - McHenry, IL | |||||||||||
1.04 | Property | 1 | Shaw Aero - Naples, FL | |||||||||||
1.05 | Property | 1 | Kuka - Sterling Heights, MI | |||||||||||
1.06 | Property | 1 | ZF Active Safety - Findlay, OH | |||||||||||
1.07 | Property | 1 | CF Sauer - 184 Suburban | |||||||||||
1.08 | Property | 1 | CF Sauer - 728 N Main St. | |||||||||||
1.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | |||||||||||
1.10 | Property | 1 | Hannibal - Houston, TX | |||||||||||
1.11 | Property | 1 | FedEx IV - Lexington, KY | |||||||||||
1.12 | Property | 1 | VersaFlex - Kansas City, KS | |||||||||||
1.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | |||||||||||
1.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | |||||||||||
1.15 | Property | 1 | CSTK - St. Louis, MO | |||||||||||
1.16 | Property | 1 | CF Sauer - 39 S Park Dr. | |||||||||||
1.17 | Property | 1 | AM Castle - Wichita, KS | |||||||||||
1.18 | Property | 1 | CF Sauer - 9 Old Mill Road | |||||||||||
1.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | |||||||||||
1.20 | Property | 1 | CF Sauer - 513 West Butler Road | |||||||||||
2 | Loan | 2, 4, 5, 6, 16, 30 | 6 | Champion MSU Student Housing Portfolio | 6,332 | 151,960 | 0 | 0 | 0 | 0 | 0 | 0 | 107,569 | 2,400,000 |
2.01 | Property | 1 | 731 Burcham Drive | |||||||||||
2.02 | Property | 1 | 745 Burcham Drive | |||||||||||
2.03 | Property | 1 | 635 Abbot Road | |||||||||||
2.04 | Property | 1 | 767 Burcham Drive | |||||||||||
2.05 | Property | 1 | 787 Burcham Drive | |||||||||||
2.06 | Property | 1 | 129 Burcham Drive | |||||||||||
3 | Loan | 1, 2, 7, 16, 27, 28 | 1 | 620 W 153rd Street | 4,561 | 0 | 0 | 1,939 | 69,804 | 0 | 0 | 0 | 0 | 482,738 |
4 | Loan | 23 | 1 | 1640 Sepulveda | 2,631 | 0 | 2,800,000 | 19,731 | 0 | 0 | 0 | 0 | 170,625 | 1,342,034 |
5 | Loan | 2, 4, 7, 17, 28 | 1 | University Pointe | 5,595 | 0 | 0 | 2,579 | 0 | 0 | 0 | 0 | 0 | 0 |
6 | Loan | 6 | 3 | BPW Houston Multifamily Portfolio | 12,896 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 264,500 | 0 |
6.01 | Property | 1 | Bayou Willows | |||||||||||
6.02 | Property | 1 | Weston Oaks | |||||||||||
6.03 | Property | 1 | Pleasant Village | |||||||||||
7 | Loan | 1, 7, 9, 12, 13, 17, 19, 23, 24 | 1 | 640 5th Avenue | Springing | 195,217 | 1,567,900 | 500,000 | 15,000,000 | 0 | 0 | 0 | 0 | 1,648,112 |
8 | Loan | 2, 7, 10, 24 | 1 | 28-40 West 23rd Street | 9,635 | 346,863 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27,248,306 |
9 | Loan | 10, 13, 27, 30 | 1 | Country View Apartments | 6,688 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 176,468 | 0 |
10 | Loan | 5 | 1 | Courtyard Fort Myers at I-75 | 24,823 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,800,000 |
11 | Loan | 2, 4, 6, 7, 12, 20, 27, 30 | 10 | Bedrock Mixed-Use Portfolio | 16,708 | 0 | 0 | 75,000 | 3,000,000 | 0 | 0 | 0 | 0 | 0 |
11.01 | Property | 1 | Trio on Fort Street | |||||||||||
11.02 | Property | 1 | 28 Grand Apartments | |||||||||||
11.03 | Property | 1 | Madison Building | |||||||||||
11.04 | Property | 1 | 1274 Library Street | |||||||||||
11.05 | Property | 1 | The Ferguson Apartments | |||||||||||
11.06 | Property | 1 | Lofts of Merchant Row | |||||||||||
11.07 | Property | 1 | 620 and 630 Woodward Avenue | |||||||||||
11.08 | Property | 1 | The Globe Building | |||||||||||
11.09 | Property | 1 | 1500 Woodward Avenue | |||||||||||
11.10 | Property | 1 | Fourteen56 Apartments | |||||||||||
12 | Loan | 3, 7, 12, 24, 30 | 1 | Syngenta Woodland | Springing | 0 | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 |
13 | Loan | 5, 7, 12, 15, 19, 23 | 1 | Crescent Center | 5,936 | 0 | 500,000 | 53,428 | 0 | 0 | 0 | 0 | 0 | 1,308,459 |
14 | Loan | 2, 10, 19, 20, 21, 23 | 1 | ASC Business Park | 0 | 0 | 500,000 | 12,375 | 297,000 | 0 | 0 | 0 | 74,800 | 87,400 |
15 | Loan | 6, 27 | 4 | Philadelphia Multifamily Portfolio | 1,833 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 108,618 |
15.01 | Property | 1 | 2105 Germantown Avenue | |||||||||||
15.02 | Property | 1 | 719, 723-727 North 35th Street | |||||||||||
15.03 | Property | 1 | 2101-2111 North Fairhill Street | |||||||||||
15.04 | Property | 1 | 2215 North 7th Street | |||||||||||
16 | Loan | 6 | 3 | Cityline NY FL & TN Portfolio | 1,719 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 21,250 | 0 |
16.01 | Property | 1 | Storage Sense - Chatham & Canaan | |||||||||||
16.02 | Property | 1 | Storage Sense - Clarksville | |||||||||||
16.03 | Property | 1 | Storage Sense – Punta Gorda | |||||||||||
17 | Loan | 16, 28 | 1 | Lofts at Dallas Mill | 3,083 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
18 | Loan | 1, 4, 7, 12, 14, 19, 20, 23 | 1 | Kenwood Towne Centre | Springing | 516,571 | 0 | 129,143 | 3,099,423 | 0 | 0 | 0 | 0 | 3,966,953 |
19 | Loan | 2, 7, 21, 23, 24 | 1 | Wateridge | 12,020 | 0 | 8,244,758 | 72,117 | 3,000,000 | 0 | 0 | 0 | 0 | 259,448 |
20 | Loan | 1, 7, 23 | 1 | 1099 New York Avenue | 2,993 | 107,751 | 0 | 29,931 | 0 | 0 | 0 | 0 | 0 | 13,504,997 |
21 | Loan | 19 | 1 | 48 E 57th Street | 200 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
22 | Loan | 10, 15, 23 | 1 | Hooksett Village | 4,152 | 0 | 814,533 | 14,533 | 0 | 0 | 0 | 0 | 115,625 | 0 |
23 | Loan | 5, 16, 27 | 1 | 637 E 223rd Street | 917 | 0 | 0 | 0 | 0 | 264,992 | 0 | 0 | 0 | 0 |
24 | Loan | 17, 19, 20 | 1 | Town & Country Plaza | 3,886 | 0 | 500,000 | Springing | 500,000 | 0 | 0 | 0 | 860,951 | 123,472 |
25 | Loan | 5 | 1 | SpringHill Suites Fort Myers Airport | 16,755 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,000,000 |
26 | Loan | 2, 4, 5, 14, 16, 27, 28 | 1 | 2460 White Plains Road & 708 Mace Avenue | 708 | 0 | 0 | 0 | 0 | 269,657 | 0 | 0 | 2,813 | 600,000 |
27 | Loan | 6, 7, 19 | 2 | The Pointe & Oak Shadows | 29,167 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,073,435 | 0 |
27.01 | Property | 1 | The Pointe | |||||||||||
27.02 | Property | 1 | Oak Shadows | |||||||||||
28 | Loan | 19, 30 | 1 | 55 Pharr | 2,563 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 18,750 | 3,175 |
29 | Loan | 10, 15 | 1 | Citrus Center | 2,370 | 0 | 300,000 | 8,887 | 618,000 | 0 | 0 | 0 | 33,170 | 0 |
30 | Loan | 16, 20 | 1 | 152 Geary Street | Springing | 2,875 | 0 | 479 | 0 | 0 | 0 | 0 | 1,320 | 0 |
31 | Loan | 2, 4, 6, 16 | 2 | Toobian NY Portfolio | 1,143 | 0 | 0 | 175 | 0 | 0 | 0 | 0 | 6,000 | 450,000 |
31.01 | Property | 1 | 235, 239 and 241 East 39th Street | |||||||||||
31.02 | Property | 1 | 1437 Old Northern Boulevard | |||||||||||
32 | Loan | 1 | Grande Woods South MHC | 1,033 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
33 | Loan | 16 | 1 | Western Falcon | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
34 | Loan | 6, 10, 24 | 2 | Stor-More-Laredo Self Storage | 1,204 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
34.01 | Property | 1 | Muller Rd | |||||||||||
34.02 | Property | 1 | Industrial Blvd | |||||||||||
35 | Loan | 2, 4, 16, 27, 28 | 1 | Centurion Union Phase III | 563 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30,013 |
36 | Loan | 1 | 262-282 Cabrini Boulevard | 1,146 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 99,878 | 1,099,650 | |
37 | Loan | 16 | 1 | Country Place Apartments | 3,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 37,456 | 0 |
38 | Loan | 1 | Hunter's Run | 2,850 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 112,500 | |
39 | Loan | 4, 16, 19, 28, 30 | 1 | Griffin Capital Plaza | 567 | 0 | 163,194 | Springing | 0 | 0 | 0 | 0 | 0 | 0 |
40 | Loan | 16 | 1 | 322 Graham Avenue | 208 | 0 | 0 | 0 | 0 | 151,866 | 0 | 0 | 3,750 | 0 |
A-1-25 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Monthly Replacement / FF&E Reserve ($) | Replacement Reserve Caps ($) | Upfront TI/LC Reserve ($) | Monthly TI/LC Reserve ($) | TI/LC Caps ($) | Upfront Debt Service Reserve ($) | Monthly Debt Service Reserve ($) | Debt Service Reserve Cap ($) | Upfront Deferred Maintenance Reserve ($) | Upfront Other Reserve ($) |
19 | 20 | 18 | 19 | 20 | 18 | 19 | 20 | 18 | 18 | |||||
41 | Loan | 2, 6 | 3 | Griffith MHC Portfolio | 1,129 | 0 | 0 | 0 | 0 | 562,228 | 0 | 0 | 168,750 | 0 |
41.01 | Property | 1 | Gobblers Knob | |||||||||||
41.02 | Property | 1 | Westwood Manor | |||||||||||
41.03 | Property | 1 | Hidden Valley | |||||||||||
42 | Loan | 16, 19 | 1 | 2 Palmer Terrace | 503 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,200 | 0 |
43 | Loan | 1 | Silver Oaks Business Park | 900 | 0 | 50,000 | 4,300 | 0 | 0 | 0 | 0 | 0 | 1,000,000 | |
44 | Loan | 10, 27 | 1 | Extra Space Storage Chicago Heights | 949 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
45 | Loan | 6, 26 | 2 | MIC St. Louis & Memphis | 402 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 40,238 | 0 |
45.01 | Property | 1 | St. Louis Spruce | |||||||||||
45.02 | Property | 1 | Memphis Poplar | |||||||||||
46 | Loan | 2, 6, 16 | 2 | Anchor MHC and Tropical Circle MHC Portfolio | 575 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 19,375 | 0 |
46.01 | Property | 1 | Anchor MHC | |||||||||||
46.02 | Property | 1 | Tropical Circle MHC | |||||||||||
47 | Loan | 1 | Cordova Court Apartments | 3,925 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 127,050 | 0 | |
48 | Loan | 6 | 2 | Otto Storage Portfolio | 1,128 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
48.01 | Property | 1 | D Highway Storage | |||||||||||
48.02 | Property | 1 | O Road Storage | |||||||||||
49 | Loan | 2, 16 | 1 | All Purpose Storage Burlington | 244 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15,000 |
50 | Loan | 2, 16, 23 | 1 | The Riley - 880 Manhattan Avenue | 71 | 0 | 104 | 104 | 0 | 0 | 0 | 0 | 0 | 0 |
A-1-26 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Monthly Other Reserve ($) | Other Reserve Description | Other Reserve Cap ($) | Holdback/ Earnout Amount ($) |
19 | 20 | |||||||
1 | Loan | 1, 6, 7, 12, 16, 19, 23, 27, 28 | 20 | GNL Industrial Portfolio | 0 | Follet Replacement Work Reserve ($741,402.50), Free Rent Reserve ($553,119), Cott Beverage Concrete Work Reserve ($230,000), Outstanding TI/LC Reserve ($109,890) | 0 | NAP |
1.01 | Property | 1 | FCA USA - Detroit, MI | |||||
1.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | |||||
1.03 | Property | 1 | Follett School - McHenry, IL | |||||
1.04 | Property | 1 | Shaw Aero - Naples, FL | |||||
1.05 | Property | 1 | Kuka - Sterling Heights, MI | |||||
1.06 | Property | 1 | ZF Active Safety - Findlay, OH | |||||
1.07 | Property | 1 | CF Sauer - 184 Suburban | |||||
1.08 | Property | 1 | CF Sauer - 728 N Main St. | |||||
1.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | |||||
1.10 | Property | 1 | Hannibal - Houston, TX | |||||
1.11 | Property | 1 | FedEx IV - Lexington, KY | |||||
1.12 | Property | 1 | VersaFlex - Kansas City, KS | |||||
1.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | |||||
1.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | |||||
1.15 | Property | 1 | CSTK - St. Louis, MO | |||||
1.16 | Property | 1 | CF Sauer - 39 S Park Dr. | |||||
1.17 | Property | 1 | AM Castle - Wichita, KS | |||||
1.18 | Property | 1 | CF Sauer - 9 Old Mill Road | |||||
1.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | |||||
1.20 | Property | 1 | CF Sauer - 513 West Butler Road | |||||
2 | Loan | 2, 4, 5, 6, 16, 30 | 6 | Champion MSU Student Housing Portfolio | 0 | Holdback Reserve | 0 | 2,400,000 |
2.01 | Property | 1 | 731 Burcham Drive | |||||
2.02 | Property | 1 | 745 Burcham Drive | |||||
2.03 | Property | 1 | 635 Abbot Road | |||||
2.04 | Property | 1 | 767 Burcham Drive | |||||
2.05 | Property | 1 | 787 Burcham Drive | |||||
2.06 | Property | 1 | 129 Burcham Drive | |||||
3 | Loan | 1, 2, 7, 16, 27, 28 | 1 | 620 W 153rd Street | 0 | Rent Reserve ($309,400), Rent Concession Reserve ($173,337.50) | 0 | NAP |
4 | Loan | 23 | 1 | 1640 Sepulveda | 0 | Free Rent Reserve ($984,103.89), Outstanding TI/LC Reserve ($357,929.85) | 0 | NAP |
5 | Loan | 2, 4, 7, 17, 28 | 1 | University Pointe | 0 | 0 | NAP | |
6 | Loan | 6 | 3 | BPW Houston Multifamily Portfolio | 0 | 0 | NAP | |
6.01 | Property | 1 | Bayou Willows | |||||
6.02 | Property | 1 | Weston Oaks | |||||
6.03 | Property | 1 | Pleasant Village | |||||
7 | Loan | 1, 7, 9, 12, 13, 17, 19, 23, 24 | 1 | 640 5th Avenue | 0 | Free Rent Reserve | 0 | NAP |
8 | Loan | 2, 7, 10, 24 | 1 | 28-40 West 23rd Street | 0 | Future Capital Expenditures Reserve ($23,149,913), Unfunded Obligations Reserve ($4,098,392.94) | 0 | NAP |
9 | Loan | 10, 13, 27, 30 | 1 | Country View Apartments | 0 | 0 | NAP | |
10 | Loan | 5 | 1 | Courtyard Fort Myers at I-75 | 0 | PIP Reserve | 0 | NAP |
11 | Loan | 2, 4, 6, 7, 12, 20, 27, 30 | 10 | Bedrock Mixed-Use Portfolio | 0 | 0 | NAP | |
11.01 | Property | 1 | Trio on Fort Street | |||||
11.02 | Property | 1 | 28 Grand Apartments | |||||
11.03 | Property | 1 | Madison Building | |||||
11.04 | Property | 1 | 1274 Library Street | |||||
11.05 | Property | 1 | The Ferguson Apartments | |||||
11.06 | Property | 1 | Lofts of Merchant Row | |||||
11.07 | Property | 1 | 620 and 630 Woodward Avenue | |||||
11.08 | Property | 1 | The Globe Building | |||||
11.09 | Property | 1 | 1500 Woodward Avenue | |||||
11.10 | Property | 1 | Fourteen56 Apartments | |||||
12 | Loan | 3, 7, 12, 24, 30 | 1 | Syngenta Woodland | 0 | 0 | NAP | |
13 | Loan | 5, 7, 12, 15, 19, 23 | 1 | Crescent Center | Springing | BRG Free Rent Reserve (Upfront: $162,500), Simmons Bank Free Rent Reserve (Upfront: $917,040, Monthly: Springing), Outstanding TI/LC Reserve (Upfront: $228,919) | 0 | NAP |
14 | Loan | 2, 10, 19, 20, 21, 23 | 1 | ASC Business Park | Springing | HVAC Installation Reserve (Upfront: $87,400), Anchor Tenant Reserve (Monthly: Springing), Anchor Tenant Premises Reduction Reserve (Monthly: Springing) | 0 | NAP |
15 | Loan | 6, 27 | 4 | Philadelphia Multifamily Portfolio | 0 | Tax Abatement Reserve | 0 | NAP |
15.01 | Property | 1 | 2105 Germantown Avenue | |||||
15.02 | Property | 1 | 719, 723-727 North 35th Street | |||||
15.03 | Property | 1 | 2101-2111 North Fairhill Street | |||||
15.04 | Property | 1 | 2215 North 7th Street | |||||
16 | Loan | 6 | 3 | Cityline NY FL & TN Portfolio | 0 | 0 | NAP | |
16.01 | Property | 1 | Storage Sense - Chatham & Canaan | |||||
16.02 | Property | 1 | Storage Sense - Clarksville | |||||
16.03 | Property | 1 | Storage Sense – Punta Gorda | |||||
17 | Loan | 16, 28 | 1 | Lofts at Dallas Mill | 0 | 0 | NAP | |
18 | Loan | 1, 4, 7, 12, 14, 19, 20, 23 | 1 | Kenwood Towne Centre | 0 | Existing TI/LC Reserve (Upfront: $3,732,395.48), Gap Rent Reserve (Upfront: $234,557.94) | 0 | NAP |
19 | Loan | 2, 7, 21, 23, 24 | 1 | Wateridge | 0 | Free Rent Reserve | 0 | NAP |
20 | Loan | 1, 7, 23 | 1 | 1099 New York Avenue | 0 | Outstanding TI Reserve ($10,159,207), Free Rent Reserve ($3,345,790) | 0 | NAP |
21 | Loan | 19 | 1 | 48 E 57th Street | 0 | 0 | NAP | |
22 | Loan | 10, 15, 23 | 1 | Hooksett Village | 0 | 0 | NAP | |
23 | Loan | 5, 16, 27 | 1 | 637 E 223rd Street | 0 | 0 | NAP | |
24 | Loan | 17, 19, 20 | 1 | Town & Country Plaza | Springing | Outstanding TI Reserve ($116,831.14), Free Rent Reserve ($6,640.38), Significant Tenant Reserve (Monthly: Springing) | 0 | NAP |
25 | Loan | 5 | 1 | SpringHill Suites Fort Myers Airport | 0 | PIP Reserve | 0 | NAP |
26 | Loan | 2, 4, 5, 14, 16, 27, 28 | 1 | 2460 White Plains Road & 708 Mace Avenue | 0 | Commercial Rent Reserve ($250,000); Rent Reserve ($200,000); 421-a Reserve ($150,000) | 0 | NAP |
27 | Loan | 6, 7, 19 | 2 | The Pointe & Oak Shadows | 0 | 0 | NAP | |
27.01 | Property | 1 | The Pointe | |||||
27.02 | Property | 1 | Oak Shadows | |||||
28 | Loan | 19, 30 | 1 | 55 Pharr | Springing | Radon Mitigation Reserve (Upfront: $3,175), Low DSCR Avoidance Reserve (Monthly: Springing), Condominium Charges Reserve (Monthly: Springing) | 0 | NAP |
29 | Loan | 10, 15 | 1 | Citrus Center | 0 | 0 | NAP | |
30 | Loan | 16, 20 | 1 | 152 Geary Street | 0 | 0 | NAP | |
31 | Loan | 2, 4, 6, 16 | 2 | Toobian NY Portfolio | 0 | Earnout Reserve | 0 | NAP |
31.01 | Property | 1 | 235, 239 and 241 East 39th Street | |||||
31.02 | Property | 1 | 1437 Old Northern Boulevard | |||||
32 | Loan | 1 | Grande Woods South MHC | 0 | 0 | NAP | ||
33 | Loan | 16 | 1 | Western Falcon | 0 | 0 | NAP | |
34 | Loan | 6, 10, 24 | 2 | Stor-More-Laredo Self Storage | 0 | 0 | NAP | |
34.01 | Property | 1 | Muller Rd | |||||
34.02 | Property | 1 | Industrial Blvd | |||||
35 | Loan | 2, 4, 16, 27, 28 | 1 | Centurion Union Phase III | 0 | Free Rent Holdback Reserve | 0 | NAP |
36 | Loan | 1 | 262-282 Cabrini Boulevard | 0 | Violations Reserve | 0 | NAP | |
37 | Loan | 16 | 1 | Country Place Apartments | 0 | 0 | NAP | |
38 | Loan | 1 | Hunter's Run | 0 | Radon Mitigation Reserve | 0 | NAP | |
39 | Loan | 4, 16, 19, 28, 30 | 1 | Griffin Capital Plaza | 0 | 0 | NAP | |
40 | Loan | 16 | 1 | 322 Graham Avenue | 0 | 0 | NAP |
A-1-27 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Monthly Other Reserve ($) | Other Reserve Description | Other Reserve Cap ($) | Holdback/ Earnout Amount ($) |
19 | 20 | |||||||
41 | Loan | 2, 6 | 3 | Griffith MHC Portfolio | 0 | 0 | NAP | |
41.01 | Property | 1 | Gobblers Knob | |||||
41.02 | Property | 1 | Westwood Manor | |||||
41.03 | Property | 1 | Hidden Valley | |||||
42 | Loan | 16, 19 | 1 | 2 Palmer Terrace | Springing | Major Tenant Reserve | 0 | NAP |
43 | Loan | 1 | Silver Oaks Business Park | 0 | Occupancy Reserve | 0 | NAP | |
44 | Loan | 10, 27 | 1 | Extra Space Storage Chicago Heights | 0 | 0 | NAP | |
45 | Loan | 6, 26 | 2 | MIC St. Louis & Memphis | 0 | 0 | NAP | |
45.01 | Property | 1 | St. Louis Spruce | |||||
45.02 | Property | 1 | Memphis Poplar | |||||
46 | Loan | 2, 6, 16 | 2 | Anchor MHC and Tropical Circle MHC Portfolio | 0 | 0 | NAP | |
46.01 | Property | 1 | Anchor MHC | |||||
46.02 | Property | 1 | Tropical Circle MHC | |||||
47 | Loan | 1 | Cordova Court Apartments | 0 | 0 | NAP | ||
48 | Loan | 6 | 2 | Otto Storage Portfolio | 0 | 0 | NAP | |
48.01 | Property | 1 | D Highway Storage | |||||
48.02 | Property | 1 | O Road Storage | |||||
49 | Loan | 2, 16 | 1 | All Purpose Storage Burlington | 0 | Discretionary Supplemental CapEx | 0 | NAP |
50 | Loan | 2, 16, 23 | 1 | The Riley - 880 Manhattan Avenue | 0 | 0 | NAP |
A-1-28 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Holdback/ Earnout Description | Lockbox Type | Cash Management | Excess Cash Trap Triggered by DSCR and/or Debt Yield Test (Y/N) |
26 | ||||||||
1 | Loan | 1, 6, 7, 12, 16, 19, 23, 27, 28 | 20 | GNL Industrial Portfolio | NAP | Hard | Springing | Yes |
1.01 | Property | 1 | FCA USA - Detroit, MI | |||||
1.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | |||||
1.03 | Property | 1 | Follett School - McHenry, IL | |||||
1.04 | Property | 1 | Shaw Aero - Naples, FL | |||||
1.05 | Property | 1 | Kuka - Sterling Heights, MI | |||||
1.06 | Property | 1 | ZF Active Safety - Findlay, OH | |||||
1.07 | Property | 1 | CF Sauer - 184 Suburban | |||||
1.08 | Property | 1 | CF Sauer - 728 N Main St. | |||||
1.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | |||||
1.10 | Property | 1 | Hannibal - Houston, TX | |||||
1.11 | Property | 1 | FedEx IV - Lexington, KY | |||||
1.12 | Property | 1 | VersaFlex - Kansas City, KS | |||||
1.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | |||||
1.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | |||||
1.15 | Property | 1 | CSTK - St. Louis, MO | |||||
1.16 | Property | 1 | CF Sauer - 39 S Park Dr. | |||||
1.17 | Property | 1 | AM Castle - Wichita, KS | |||||
1.18 | Property | 1 | CF Sauer - 9 Old Mill Road | |||||
1.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | |||||
1.20 | Property | 1 | CF Sauer - 513 West Butler Road | |||||
2 | Loan | 2, 4, 5, 6, 16, 30 | 6 | Champion MSU Student Housing Portfolio | $2,400,000 deposited into the Economic Holdback Reserve to be distributed to the borrower upon certain conditions in the loan agreement | Springing | Springing | Yes |
2.01 | Property | 1 | 731 Burcham Drive | |||||
2.02 | Property | 1 | 745 Burcham Drive | |||||
2.03 | Property | 1 | 635 Abbot Road | |||||
2.04 | Property | 1 | 767 Burcham Drive | |||||
2.05 | Property | 1 | 787 Burcham Drive | |||||
2.06 | Property | 1 | 129 Burcham Drive | |||||
3 | Loan | 1, 2, 7, 16, 27, 28 | 1 | 620 W 153rd Street | NAP | Springing | Springing | Yes |
4 | Loan | 23 | 1 | 1640 Sepulveda | NAP | Hard | Springing | Yes |
5 | Loan | 2, 4, 7, 17, 28 | 1 | University Pointe | NAP | Springing | Springing | Yes |
6 | Loan | 6 | 3 | BPW Houston Multifamily Portfolio | NAP | Springing | Springing | Yes |
6.01 | Property | 1 | Bayou Willows | |||||
6.02 | Property | 1 | Weston Oaks | |||||
6.03 | Property | 1 | Pleasant Village | |||||
7 | Loan | 1, 7, 9, 12, 13, 17, 19, 23, 24 | 1 | 640 5th Avenue | NAP | Hard | In Place | Yes |
8 | Loan | 2, 7, 10, 24 | 1 | 28-40 West 23rd Street | NAP | Springing | Springing | Yes |
9 | Loan | 10, 13, 27, 30 | 1 | Country View Apartments | NAP | Springing | Springing | Yes |
10 | Loan | 5 | 1 | Courtyard Fort Myers at I-75 | NAP | Springing | Springing | Yes |
11 | Loan | 2, 4, 6, 7, 12, 20, 27, 30 | 10 | Bedrock Mixed-Use Portfolio | NAP | Hard (Commercial Properties); Springing (Multifamily Properties) | Springing | Yes |
11.01 | Property | 1 | Trio on Fort Street | |||||
11.02 | Property | 1 | 28 Grand Apartments | |||||
11.03 | Property | 1 | Madison Building | |||||
11.04 | Property | 1 | 1274 Library Street | |||||
11.05 | Property | 1 | The Ferguson Apartments | |||||
11.06 | Property | 1 | Lofts of Merchant Row | |||||
11.07 | Property | 1 | 620 and 630 Woodward Avenue | |||||
11.08 | Property | 1 | The Globe Building | |||||
11.09 | Property | 1 | 1500 Woodward Avenue | |||||
11.10 | Property | 1 | Fourteen56 Apartments | |||||
12 | Loan | 3, 7, 12, 24, 30 | 1 | Syngenta Woodland | NAP | Hard | Springing | Yes |
13 | Loan | 5, 7, 12, 15, 19, 23 | 1 | Crescent Center | NAP | Hard | Springing | Yes |
14 | Loan | 2, 10, 19, 20, 21, 23 | 1 | ASC Business Park | NAP | Hard | Springing | Yes |
15 | Loan | 6, 27 | 4 | Philadelphia Multifamily Portfolio | NAP | Soft | Springing | Yes |
15.01 | Property | 1 | 2105 Germantown Avenue | |||||
15.02 | Property | 1 | 719, 723-727 North 35th Street | |||||
15.03 | Property | 1 | 2101-2111 North Fairhill Street | |||||
15.04 | Property | 1 | 2215 North 7th Street | |||||
16 | Loan | 6 | 3 | Cityline NY FL & TN Portfolio | NAP | Springing | Springing | Yes |
16.01 | Property | 1 | Storage Sense - Chatham & Canaan | |||||
16.02 | Property | 1 | Storage Sense - Clarksville | |||||
16.03 | Property | 1 | Storage Sense – Punta Gorda | |||||
17 | Loan | 16, 28 | 1 | Lofts at Dallas Mill | NAP | Springing | Springing | Yes |
18 | Loan | 1, 4, 7, 12, 14, 19, 20, 23 | 1 | Kenwood Towne Centre | NAP | Hard | Springing | Yes |
19 | Loan | 2, 7, 21, 23, 24 | 1 | Wateridge | NAP | Hard | Springing | Yes |
20 | Loan | 1, 7, 23 | 1 | 1099 New York Avenue | NAP | Hard | Springing | Yes |
21 | Loan | 19 | 1 | 48 E 57th Street | NAP | Hard | Springing | Yes |
22 | Loan | 10, 15, 23 | 1 | Hooksett Village | NAP | Hard | Springing | Yes |
23 | Loan | 5, 16, 27 | 1 | 637 E 223rd Street | NAP | Springing | Springing | Yes |
24 | Loan | 17, 19, 20 | 1 | Town & Country Plaza | NAP | Hard | Springing | Yes |
25 | Loan | 5 | 1 | SpringHill Suites Fort Myers Airport | NAP | Springing | Springing | Yes |
26 | Loan | 2, 4, 5, 14, 16, 27, 28 | 1 | 2460 White Plains Road & 708 Mace Avenue | NAP | Springing | Springing | Yes |
27 | Loan | 6, 7, 19 | 2 | The Pointe & Oak Shadows | NAP | Springing | Springing | Yes |
27.01 | Property | 1 | The Pointe | |||||
27.02 | Property | 1 | Oak Shadows | |||||
28 | Loan | 19, 30 | 1 | 55 Pharr | NAP | Springing | Springing | Yes |
29 | Loan | 10, 15 | 1 | Citrus Center | NAP | Hard | Springing | Yes |
30 | Loan | 16, 20 | 1 | 152 Geary Street | NAP | Hard | In Place | Yes |
31 | Loan | 2, 4, 6, 16 | 2 | Toobian NY Portfolio | NAP | Springing | Springing | Yes |
31.01 | Property | 1 | 235, 239 and 241 East 39th Street | |||||
31.02 | Property | 1 | 1437 Old Northern Boulevard | |||||
32 | Loan | 1 | Grande Woods South MHC | NAP | Springing | Springing | Yes | |
33 | Loan | 16 | 1 | Western Falcon | NAP | Hard | Springing | Yes |
34 | Loan | 6, 10, 24 | 2 | Stor-More-Laredo Self Storage | NAP | Soft | Springing | Yes |
34.01 | Property | 1 | Muller Rd | |||||
34.02 | Property | 1 | Industrial Blvd | |||||
35 | Loan | 2, 4, 16, 27, 28 | 1 | Centurion Union Phase III | NAP | Springing | Springing | Yes |
36 | Loan | 1 | 262-282 Cabrini Boulevard | NAP | Springing | Springing | Yes | |
37 | Loan | 16 | 1 | Country Place Apartments | NAP | Springing | Springing | Yes |
38 | Loan | 1 | Hunter's Run | NAP | Soft | Springing | Yes | |
39 | Loan | 4, 16, 19, 28, 30 | 1 | Griffin Capital Plaza | NAP | Hard | Springing | Yes |
40 | Loan | 16 | 1 | 322 Graham Avenue | NAP | Springing | Springing | Yes |
A-1-29 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Holdback/ Earnout Description | Lockbox Type | Cash Management | Excess Cash Trap Triggered by DSCR and/or Debt Yield Test (Y/N) |
26 | ||||||||
41 | Loan | 2, 6 | 3 | Griffith MHC Portfolio | NAP | Springing | Springing | Yes |
41.01 | Property | 1 | Gobblers Knob | |||||
41.02 | Property | 1 | Westwood Manor | |||||
41.03 | Property | 1 | Hidden Valley | |||||
42 | Loan | 16, 19 | 1 | 2 Palmer Terrace | NAP | Soft | Springing | Yes |
43 | Loan | 1 | Silver Oaks Business Park | NAP | Springing | Springing | Yes | |
44 | Loan | 10, 27 | 1 | Extra Space Storage Chicago Heights | NAP | Springing | Springing | Yes |
45 | Loan | 6, 26 | 2 | MIC St. Louis & Memphis | NAP | Soft | In Place | Yes |
45.01 | Property | 1 | St. Louis Spruce | |||||
45.02 | Property | 1 | Memphis Poplar | |||||
46 | Loan | 2, 6, 16 | 2 | Anchor MHC and Tropical Circle MHC Portfolio | NAP | Springing | Springing | Yes |
46.01 | Property | 1 | Anchor MHC | |||||
46.02 | Property | 1 | Tropical Circle MHC | |||||
47 | Loan | 1 | Cordova Court Apartments | NAP | Springing | Springing | Yes | |
48 | Loan | 6 | 2 | Otto Storage Portfolio | NAP | Springing | Springing | Yes |
48.01 | Property | 1 | D Highway Storage | |||||
48.02 | Property | 1 | O Road Storage | |||||
49 | Loan | 2, 16 | 1 | All Purpose Storage Burlington | NAP | Springing | Springing | Yes |
50 | Loan | 2, 16, 23 | 1 | The Riley - 880 Manhattan Avenue | NAP | Soft | Springing | Yes |
A-1-30 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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 ($) | Whole Loan Monthly Debt Service ($) |
9 | 9 | 9 | |||||||||||||
1 | Loan | 1, 6, 7, 12, 16, 19, 23, 27, 28 | 20 | GNL Industrial Portfolio | No | Yes | No | 78,400,000 | 158,600,000 | 769,709.30 | 1,150,196.11 | NAP | NAP | 237,000,000 | 1,150,196.11 |
1.01 | Property | 1 | FCA USA - Detroit, MI | ||||||||||||
1.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | ||||||||||||
1.03 | Property | 1 | Follett School - McHenry, IL | ||||||||||||
1.04 | Property | 1 | Shaw Aero - Naples, FL | ||||||||||||
1.05 | Property | 1 | Kuka - Sterling Heights, MI | ||||||||||||
1.06 | Property | 1 | ZF Active Safety - Findlay, OH | ||||||||||||
1.07 | Property | 1 | CF Sauer - 184 Suburban | ||||||||||||
1.08 | Property | 1 | CF Sauer - 728 N Main St. | ||||||||||||
1.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | ||||||||||||
1.10 | Property | 1 | Hannibal - Houston, TX | ||||||||||||
1.11 | Property | 1 | FedEx IV - Lexington, KY | ||||||||||||
1.12 | Property | 1 | VersaFlex - Kansas City, KS | ||||||||||||
1.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | ||||||||||||
1.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | ||||||||||||
1.15 | Property | 1 | CSTK - St. Louis, MO | ||||||||||||
1.16 | Property | 1 | CF Sauer - 39 S Park Dr. | ||||||||||||
1.17 | Property | 1 | AM Castle - Wichita, KS | ||||||||||||
1.18 | Property | 1 | CF Sauer - 9 Old Mill Road | ||||||||||||
1.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | ||||||||||||
1.20 | Property | 1 | CF Sauer - 513 West Butler Road | ||||||||||||
2 | Loan | 2, 4, 5, 6, 16, 30 | 6 | Champion MSU Student Housing Portfolio | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
2.01 | Property | 1 | 731 Burcham Drive | ||||||||||||
2.02 | Property | 1 | 745 Burcham Drive | ||||||||||||
2.03 | Property | 1 | 635 Abbot Road | ||||||||||||
2.04 | Property | 1 | 767 Burcham Drive | ||||||||||||
2.05 | Property | 1 | 787 Burcham Drive | ||||||||||||
2.06 | Property | 1 | 129 Burcham Drive | ||||||||||||
3 | Loan | 1, 2, 7, 16, 27, 28 | 1 | 620 W 153rd Street | Yes | Yes | No | 37,000,000 | 80,000,000 | 414,342.59 | 605,976.04 | NAP | NAP | 117,000,000 | 605,976.04 |
4 | Loan | 23 | 1 | 1640 Sepulveda | Yes | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
5 | Loan | 2, 4, 7, 17, 28 | 1 | University Pointe | Yes | Yes | No | 35,850,000 | 50,000,000 | 283,043.99 | 485,986.52 | NAP | NAP | 85,850,000 | 485,986.52 |
6 | Loan | 6 | 3 | BPW Houston Multifamily Portfolio | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
6.01 | Property | 1 | Bayou Willows | ||||||||||||
6.02 | Property | 1 | Weston Oaks | ||||||||||||
6.03 | Property | 1 | Pleasant Village | ||||||||||||
7 | Loan | 1, 7, 9, 12, 13, 17, 19, 23, 24 | 1 | 640 5th Avenue | Yes | Yes | No | 25,000,000 | 275,000,000 | 1,813,814.94 | 1,978,707.20 | NAP | NAP | 300,000,000 | 1,978,707.20 |
8 | Loan | 2, 7, 10, 24 | 1 | 28-40 West 23rd Street | Yes | Yes | No | 25,000,000 | 130,000,000 | 666,716.43 | 794,931.13 | NAP | NAP | 155,000,000 | 794,931.13 |
9 | Loan | 10, 13, 27, 30 | 1 | Country View Apartments | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10 | Loan | 5 | 1 | Courtyard Fort Myers at I-75 | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
11 | Loan | 2, 4, 6, 7, 12, 20, 27, 30 | 10 | Bedrock Mixed-Use Portfolio | Yes | Yes | No | 20,000,000 | 55,000,000 | 296,710.35 | 404,605.03 | NAP | NAP | 75,000,000 | 404,605.03 |
11.01 | Property | 1 | Trio on Fort Street | ||||||||||||
11.02 | Property | 1 | 28 Grand Apartments | ||||||||||||
11.03 | Property | 1 | Madison Building | ||||||||||||
11.04 | Property | 1 | 1274 Library Street | ||||||||||||
11.05 | Property | 1 | The Ferguson Apartments | ||||||||||||
11.06 | Property | 1 | Lofts of Merchant Row | ||||||||||||
11.07 | Property | 1 | 620 and 630 Woodward Avenue | ||||||||||||
11.08 | Property | 1 | The Globe Building | ||||||||||||
11.09 | Property | 1 | 1500 Woodward Avenue | ||||||||||||
11.10 | Property | 1 | Fourteen56 Apartments | ||||||||||||
12 | Loan | 3, 7, 12, 24, 30 | 1 | Syngenta Woodland | Yes | Yes | Yes | 19,585,518 | 10,000,000 | 56,363.77 | 166,755.14 | NAP | NAP | 29,585,518 | 166,755.14 |
13 | Loan | 5, 7, 12, 15, 19, 23 | 1 | Crescent Center | Yes | Yes | No | 18,250,000 | 33,750,000 | 214,237.89 | 330,085.05 | NAP | NAP | 52,000,000 | 330,085.05 |
14 | Loan | 2, 10, 19, 20, 21, 23 | 1 | ASC Business Park | Yes | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
15 | Loan | 6, 27 | 4 | Philadelphia Multifamily Portfolio | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
15.01 | Property | 1 | 2105 Germantown Avenue | ||||||||||||
15.02 | Property | 1 | 719, 723-727 North 35th Street | ||||||||||||
15.03 | Property | 1 | 2101-2111 North Fairhill Street | ||||||||||||
15.04 | Property | 1 | 2215 North 7th Street | ||||||||||||
16 | Loan | 6 | 3 | Cityline NY FL & TN Portfolio | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
16.01 | Property | 1 | Storage Sense - Chatham & Canaan | ||||||||||||
16.02 | Property | 1 | Storage Sense - Clarksville | ||||||||||||
16.03 | Property | 1 | Storage Sense – Punta Gorda | ||||||||||||
17 | Loan | 16, 28 | 1 | Lofts at Dallas Mill | Yes | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
18 | Loan | 1, 4, 7, 12, 14, 19, 20, 23 | 1 | Kenwood Towne Centre | Yes | Yes | No | 15,000,000 | 245,000,000 | 1,298,111.51 | 1,377,587.73 | NAP | NAP | 260,000,000 | 1,377,587.73 |
19 | Loan | 2, 7, 21, 23, 24 | 1 | Wateridge | Yes | Yes | No | 15,000,000 | 50,000,000 | 311,939.82 | 405,521.76 | NAP | NAP | 65,000,000 | 405,521.76 |
20 | Loan | 1, 7, 23 | 1 | 1099 New York Avenue | Yes | Yes | No | 15,000,000 | 42,000,000 | 241,199.10 | 327,341.63 | NAP | NAP | 57,000,000 | 327,341.63 |
21 | Loan | 19 | 1 | 48 E 57th Street | Yes | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
22 | Loan | 10, 15, 23 | 1 | Hooksett Village | Yes | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
23 | Loan | 5, 16, 27 | 1 | 637 E 223rd Street | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
24 | Loan | 17, 19, 20 | 1 | Town & Country Plaza | Yes | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
25 | Loan | 5 | 1 | SpringHill Suites Fort Myers Airport | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
26 | Loan | 2, 4, 5, 14, 16, 27, 28 | 1 | 2460 White Plains Road & 708 Mace Avenue | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
27 | Loan | 6, 7, 19 | 2 | The Pointe & Oak Shadows | No | Yes | No | 12,000,000 | 34,850,000 | 184,914.75 | 248,586.97 | NAP | NAP | 46,850,000 | 248,586.97 |
27.01 | Property | 1 | The Pointe | ||||||||||||
27.02 | Property | 1 | Oak Shadows | ||||||||||||
28 | Loan | 19, 30 | 1 | 55 Pharr | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
29 | Loan | 10, 15 | 1 | Citrus Center | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
30 | Loan | 16, 20 | 1 | 152 Geary Street | Yes | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
31 | Loan | 2, 4, 6, 16 | 2 | Toobian NY Portfolio | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
31.01 | Property | 1 | 235, 239 and 241 East 39th Street | ||||||||||||
31.02 | Property | 1 | 1437 Old Northern Boulevard | ||||||||||||
32 | Loan | 1 | Grande Woods South MHC | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
33 | Loan | 16 | 1 | Western Falcon | Yes | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
34 | Loan | 6, 10, 24 | 2 | Stor-More-Laredo Self Storage | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
34.01 | Property | 1 | Muller Rd | ||||||||||||
34.02 | Property | 1 | Industrial Blvd | ||||||||||||
35 | Loan | 2, 4, 16, 27, 28 | 1 | Centurion Union Phase III | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
36 | Loan | 1 | 262-282 Cabrini Boulevard | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
37 | Loan | 16 | 1 | Country Place Apartments | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
38 | Loan | 1 | Hunter's Run | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
39 | Loan | 4, 16, 19, 28, 30 | 1 | Griffin Capital Plaza | Yes | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
40 | Loan | 16 | 1 | 322 Graham Avenue | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
A-1-31 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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 ($) |
9 | 9 | 9 | |||||||||||||
41 | Loan | 2, 6 | 3 | Griffith MHC Portfolio | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
41.01 | Property | 1 | Gobblers Knob | ||||||||||||
41.02 | Property | 1 | Westwood Manor | ||||||||||||
41.03 | Property | 1 | Hidden Valley | ||||||||||||
42 | Loan | 16, 19 | 1 | 2 Palmer Terrace | Yes | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
43 | Loan | 1 | Silver Oaks Business Park | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
44 | Loan | 10, 27 | 1 | Extra Space Storage Chicago Heights | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
45 | Loan | 6, 26 | 2 | MIC St. Louis & Memphis | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
45.01 | Property | 1 | St. Louis Spruce | ||||||||||||
45.02 | Property | 1 | Memphis Poplar | ||||||||||||
46 | Loan | 2, 6, 16 | 2 | Anchor MHC and Tropical Circle MHC Portfolio | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
46.01 | Property | 1 | Anchor MHC | ||||||||||||
46.02 | Property | 1 | Tropical Circle MHC | ||||||||||||
47 | Loan | 1 | Cordova Court Apartments | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
48 | Loan | 6 | 2 | Otto Storage Portfolio | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
48.01 | Property | 1 | D Highway Storage | ||||||||||||
48.02 | Property | 1 | O Road Storage | ||||||||||||
49 | Loan | 2, 16 | 1 | All Purpose Storage Burlington | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
50 | Loan | 2, 16, 23 | 1 | The Riley - 880 Manhattan Avenue | Yes | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
A-1-32 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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) |
14 | 9 | 14 | 13 | ||||||||||||
1 | Loan | 1, 6, 7, 12, 16, 19, 23, 27, 28 | 20 | GNL Industrial Portfolio | 53.8% | 2.12 | 12.6% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
1.01 | Property | 1 | FCA USA - Detroit, MI | ||||||||||||
1.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | ||||||||||||
1.03 | Property | 1 | Follett School - McHenry, IL | ||||||||||||
1.04 | Property | 1 | Shaw Aero - Naples, FL | ||||||||||||
1.05 | Property | 1 | Kuka - Sterling Heights, MI | ||||||||||||
1.06 | Property | 1 | ZF Active Safety - Findlay, OH | ||||||||||||
1.07 | Property | 1 | CF Sauer - 184 Suburban | ||||||||||||
1.08 | Property | 1 | CF Sauer - 728 N Main St. | ||||||||||||
1.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | ||||||||||||
1.10 | Property | 1 | Hannibal - Houston, TX | ||||||||||||
1.11 | Property | 1 | FedEx IV - Lexington, KY | ||||||||||||
1.12 | Property | 1 | VersaFlex - Kansas City, KS | ||||||||||||
1.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | ||||||||||||
1.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | ||||||||||||
1.15 | Property | 1 | CSTK - St. Louis, MO | ||||||||||||
1.16 | Property | 1 | CF Sauer - 39 S Park Dr. | ||||||||||||
1.17 | Property | 1 | AM Castle - Wichita, KS | ||||||||||||
1.18 | Property | 1 | CF Sauer - 9 Old Mill Road | ||||||||||||
1.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | ||||||||||||
1.20 | Property | 1 | CF Sauer - 513 West Butler Road | ||||||||||||
2 | Loan | 2, 4, 5, 6, 16, 30 | 6 | Champion MSU Student Housing Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
2.01 | Property | 1 | 731 Burcham Drive | ||||||||||||
2.02 | Property | 1 | 745 Burcham Drive | ||||||||||||
2.03 | Property | 1 | 635 Abbot Road | ||||||||||||
2.04 | Property | 1 | 767 Burcham Drive | ||||||||||||
2.05 | Property | 1 | 787 Burcham Drive | ||||||||||||
2.06 | Property | 1 | 129 Burcham Drive | ||||||||||||
3 | Loan | 1, 2, 7, 16, 27, 28 | 1 | 620 W 153rd Street | 57.0% | 1.43 | 9.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
4 | Loan | 23 | 1 | 1640 Sepulveda | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
5 | Loan | 2, 4, 7, 17, 28 | 1 | University Pointe | 54.5% | 1.73 | 11.9% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
6 | Loan | 6 | 3 | BPW Houston Multifamily Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
6.01 | Property | 1 | Bayou Willows | ||||||||||||
6.02 | Property | 1 | Weston Oaks | ||||||||||||
6.03 | Property | 1 | Pleasant Village | ||||||||||||
7 | Loan | 1, 7, 9, 12, 13, 17, 19, 23, 24 | 1 | 640 5th Avenue | 41.7% | 2.04 | 18.7% | 100,000,000 | 11.50000% | 400,000,000 | 3,088,423.66 | 55.6% | 1.31 | 14.0% | No |
8 | Loan | 2, 7, 10, 24 | 1 | 28-40 West 23rd Street | 36.9% | 2.39 | 15.4% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
9 | Loan | 10, 13, 27, 30 | 1 | Country View Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes |
10 | Loan | 5 | 1 | Courtyard Fort Myers at I-75 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
11 | Loan | 2, 4, 6, 7, 12, 20, 27, 30 | 10 | Bedrock Mixed-Use Portfolio | 54.3% | 1.58 | 11.3% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
11.01 | Property | 1 | Trio on Fort Street | ||||||||||||
11.02 | Property | 1 | 28 Grand Apartments | ||||||||||||
11.03 | Property | 1 | Madison Building | ||||||||||||
11.04 | Property | 1 | 1274 Library Street | ||||||||||||
11.05 | Property | 1 | The Ferguson Apartments | ||||||||||||
11.06 | Property | 1 | Lofts of Merchant Row | ||||||||||||
11.07 | Property | 1 | 620 and 630 Woodward Avenue | ||||||||||||
11.08 | Property | 1 | The Globe Building | ||||||||||||
11.09 | Property | 1 | 1500 Woodward Avenue | ||||||||||||
11.10 | Property | 1 | Fourteen56 Apartments | ||||||||||||
12 | Loan | 3, 7, 12, 24, 30 | 1 | Syngenta Woodland | 64.7% | 1.79 | 12.2% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
13 | Loan | 5, 7, 12, 15, 19, 23 | 1 | Crescent Center | 64.1% | 1.56 | 13.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
14 | Loan | 2, 10, 19, 20, 21, 23 | 1 | ASC Business Park | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
15 | Loan | 6, 27 | 4 | Philadelphia Multifamily Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
15.01 | Property | 1 | 2105 Germantown Avenue | ||||||||||||
15.02 | Property | 1 | 719, 723-727 North 35th Street | ||||||||||||
15.03 | Property | 1 | 2101-2111 North Fairhill Street | ||||||||||||
15.04 | Property | 1 | 2215 North 7th Street | ||||||||||||
16 | Loan | 6 | 3 | Cityline NY FL & TN Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
16.01 | Property | 1 | Storage Sense - Chatham & Canaan | ||||||||||||
16.02 | Property | 1 | Storage Sense - Clarksville | ||||||||||||
16.03 | Property | 1 | Storage Sense – Punta Gorda | ||||||||||||
17 | Loan | 16, 28 | 1 | Lofts at Dallas Mill | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
18 | Loan | 1, 4, 7, 12, 14, 19, 20, 23 | 1 | Kenwood Towne Centre | 45.5% | 2.19 | 14.6% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
19 | Loan | 2, 7, 21, 23, 24 | 1 | Wateridge | 47.8% | 2.12 | 17.3% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
20 | Loan | 1, 7, 23 | 1 | 1099 New York Avenue | 59.4% | 1.85 | 13.8% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
21 | Loan | 19 | 1 | 48 E 57th Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
22 | Loan | 10, 15, 23 | 1 | Hooksett Village | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
23 | Loan | 5, 16, 27 | 1 | 637 E 223rd Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
24 | Loan | 17, 19, 20 | 1 | Town & Country Plaza | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
25 | Loan | 5 | 1 | SpringHill Suites Fort Myers Airport | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
26 | Loan | 2, 4, 5, 14, 16, 27, 28 | 1 | 2460 White Plains Road & 708 Mace Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
27 | Loan | 6, 7, 19 | 2 | The Pointe & Oak Shadows | 64.4% | 1.52 | 10.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
27.01 | Property | 1 | The Pointe | ||||||||||||
27.02 | Property | 1 | Oak Shadows | ||||||||||||
28 | Loan | 19, 30 | 1 | 55 Pharr | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
29 | Loan | 10, 15 | 1 | Citrus Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
30 | Loan | 16, 20 | 1 | 152 Geary Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
31 | Loan | 2, 4, 6, 16 | 2 | Toobian NY Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
31.01 | Property | 1 | 235, 239 and 241 East 39th Street | ||||||||||||
31.02 | Property | 1 | 1437 Old Northern Boulevard | ||||||||||||
32 | Loan | 1 | Grande Woods South MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | |
33 | Loan | 16 | 1 | Western Falcon | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
34 | Loan | 6, 10, 24 | 2 | Stor-More-Laredo Self Storage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
34.01 | Property | 1 | Muller Rd | ||||||||||||
34.02 | Property | 1 | Industrial Blvd | ||||||||||||
35 | Loan | 2, 4, 16, 27, 28 | 1 | Centurion Union Phase III | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
36 | Loan | 1 | 262-282 Cabrini Boulevard | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | |
37 | Loan | 16 | 1 | Country Place Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
38 | Loan | 1 | Hunter's Run | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | |
39 | Loan | 4, 16, 19, 28, 30 | 1 | Griffin Capital Plaza | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
40 | Loan | 16 | 1 | 322 Graham Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
A-1-33 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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) |
14 | 9 | 14 | 13 | ||||||||||||
41 | Loan | 2, 6 | 3 | Griffith MHC Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
41.01 | Property | 1 | Gobblers Knob | ||||||||||||
41.02 | Property | 1 | Westwood Manor | ||||||||||||
41.03 | Property | 1 | Hidden Valley | ||||||||||||
42 | Loan | 16, 19 | 1 | 2 Palmer Terrace | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
43 | Loan | 1 | Silver Oaks Business Park | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | |
44 | Loan | 10, 27 | 1 | Extra Space Storage Chicago Heights | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
45 | Loan | 6, 26 | 2 | MIC St. Louis & Memphis | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
45.01 | Property | 1 | St. Louis Spruce | ||||||||||||
45.02 | Property | 1 | Memphis Poplar | ||||||||||||
46 | Loan | 2, 6, 16 | 2 | Anchor MHC and Tropical Circle MHC Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
46.01 | Property | 1 | Anchor MHC | ||||||||||||
46.02 | Property | 1 | Tropical Circle MHC | ||||||||||||
47 | Loan | 1 | Cordova Court Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | |
48 | Loan | 6 | 2 | Otto Storage Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
48.01 | Property | 1 | D Highway Storage | ||||||||||||
48.02 | Property | 1 | O Road Storage | ||||||||||||
49 | Loan | 2, 16 | 1 | All Purpose Storage Burlington | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
50 | Loan | 2, 16, 23 | 1 | The Riley - 880 Manhattan Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
A-1-34 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Future Debt Permitted Type | Sponsor | Non-Recourse Carveout Guarantor |
13 | 24 | ||||||
1 | Loan | 1, 6, 7, 12, 16, 19, 23, 27, 28 | 20 | GNL Industrial Portfolio | NAP | Global Net Lease Operating Partnership, L.P. | Global Net Lease Operating Partnership, L.P. |
1.01 | Property | 1 | FCA USA - Detroit, MI | ||||
1.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | ||||
1.03 | Property | 1 | Follett School - McHenry, IL | ||||
1.04 | Property | 1 | Shaw Aero - Naples, FL | ||||
1.05 | Property | 1 | Kuka - Sterling Heights, MI | ||||
1.06 | Property | 1 | ZF Active Safety - Findlay, OH | ||||
1.07 | Property | 1 | CF Sauer - 184 Suburban | ||||
1.08 | Property | 1 | CF Sauer - 728 N Main St. | ||||
1.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | ||||
1.10 | Property | 1 | Hannibal - Houston, TX | ||||
1.11 | Property | 1 | FedEx IV - Lexington, KY | ||||
1.12 | Property | 1 | VersaFlex - Kansas City, KS | ||||
1.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | ||||
1.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | ||||
1.15 | Property | 1 | CSTK - St. Louis, MO | ||||
1.16 | Property | 1 | CF Sauer - 39 S Park Dr. | ||||
1.17 | Property | 1 | AM Castle - Wichita, KS | ||||
1.18 | Property | 1 | CF Sauer - 9 Old Mill Road | ||||
1.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | ||||
1.20 | Property | 1 | CF Sauer - 513 West Butler Road | ||||
2 | Loan | 2, 4, 5, 6, 16, 30 | 6 | Champion MSU Student Housing Portfolio | NAP | Robert Champion, Garrett Champion and Parker Champion | The Robert and Marjorie Champion Trust |
2.01 | Property | 1 | 731 Burcham Drive | ||||
2.02 | Property | 1 | 745 Burcham Drive | ||||
2.03 | Property | 1 | 635 Abbot Road | ||||
2.04 | Property | 1 | 767 Burcham Drive | ||||
2.05 | Property | 1 | 787 Burcham Drive | ||||
2.06 | Property | 1 | 129 Burcham Drive | ||||
3 | Loan | 1, 2, 7, 16, 27, 28 | 1 | 620 W 153rd Street | NAP | Jacob Kohn, Abraham Kohn, Jacob Aini, Eli Chetrit and Isaac Chetrit | Jacob Kohn, Abraham Kohn, Jacob Aini, Eli Chetrit and Isaac Chetrit |
4 | Loan | 23 | 1 | 1640 Sepulveda | NAP | Justin Loiacono, Joon Choi, Paul Miszkowicz, Jerome Fink, Derek Chen and David See Young Kim | Justin Loiacono, Joon Choi, Paul Miszkowicz, Jerome Fink, Derek Chen and David See Young Kim |
5 | Loan | 2, 4, 7, 17, 28 | 1 | University Pointe | NAP | Robert Konig and Steven Krausman | Robert Konig and Steven Krausman |
6 | Loan | 6 | 3 | BPW Houston Multifamily Portfolio | NAP | Gary W. Gates, Jr. | Gary W. Gates, Jr. |
6.01 | Property | 1 | Bayou Willows | ||||
6.02 | Property | 1 | Weston Oaks | ||||
6.03 | Property | 1 | Pleasant Village | ||||
7 | Loan | 1, 7, 9, 12, 13, 17, 19, 23, 24 | 1 | 640 5th Avenue | NAP | Vornado Realty Trust | Manhattan High Street Holdings LP |
8 | Loan | 2, 7, 10, 24 | 1 | 28-40 West 23rd Street | NAP | Robert B. Getreu, Michael T. Cohen and Andrew H. Roos | NAP |
9 | Loan | 10, 13, 27, 30 | 1 | Country View Apartments | Future Mezzanine Loan | Pinchos D. Shemano | Pinchos D. Shemano |
10 | Loan | 5 | 1 | Courtyard Fort Myers at I-75 | NAP | Prime Hospitality Group, LLC | Prime Hospitality Group, LLC |
11 | Loan | 2, 4, 6, 7, 12, 20, 27, 30 | 10 | Bedrock Mixed-Use Portfolio | NAP | Daniel Gilbert | Rock Backer LLC |
11.01 | Property | 1 | Trio on Fort Street | ||||
11.02 | Property | 1 | 28 Grand Apartments | ||||
11.03 | Property | 1 | Madison Building | ||||
11.04 | Property | 1 | 1274 Library Street | ||||
11.05 | Property | 1 | The Ferguson Apartments | ||||
11.06 | Property | 1 | Lofts of Merchant Row | ||||
11.07 | Property | 1 | 620 and 630 Woodward Avenue | ||||
11.08 | Property | 1 | The Globe Building | ||||
11.09 | Property | 1 | 1500 Woodward Avenue | ||||
11.10 | Property | 1 | Fourteen56 Apartments | ||||
12 | Loan | 3, 7, 12, 24, 30 | 1 | Syngenta Woodland | NAP | Blue Owl Capital Inc. | Blue Owl Real Estate Fund VI LP, Blue Owl Real Estate Fund VI (A) LP and Blue Owl Real Estate Fund VI (B) LP |
13 | Loan | 5, 7, 12, 15, 19, 23 | 1 | Crescent Center | NAP | David Long and Peggy Long | David Long and Peggy Long |
14 | Loan | 2, 10, 19, 20, 21, 23 | 1 | ASC Business Park | NAP | Jacob Beer, Barbara Weissman and Jeremy Apfel | Jacob Beer, Barbara Weissman and Jeremy Apfel |
15 | Loan | 6, 27 | 4 | Philadelphia Multifamily Portfolio | NAP | David Badouch and Shimon Shain | David Badouch and Shimon Shain |
15.01 | Property | 1 | 2105 Germantown Avenue | ||||
15.02 | Property | 1 | 719, 723-727 North 35th Street | ||||
15.03 | Property | 1 | 2101-2111 North Fairhill Street | ||||
15.04 | Property | 1 | 2215 North 7th Street | ||||
16 | Loan | 6 | 3 | Cityline NY FL & TN Portfolio | NAP | Lawrence Charles Kaplan, Richard Schontz and George Thacker | Lawrence Charles Kaplan, Richard Schontz and George Thacker |
16.01 | Property | 1 | Storage Sense - Chatham & Canaan | ||||
16.02 | Property | 1 | Storage Sense - Clarksville | ||||
16.03 | Property | 1 | Storage Sense – Punta Gorda | ||||
17 | Loan | 16, 28 | 1 | Lofts at Dallas Mill | NAP | Christopher T. Hanback and Robert D. Heard | Christopher T. Hanback and Robert D. Heard |
18 | Loan | 1, 4, 7, 12, 14, 19, 20, 23 | 1 | Kenwood Towne Centre | NAP | Brookfield Properties Retail Holding LLC and Teachers' Retirement System of the State of Illinois | GGP-TRS L.L.C. |
19 | Loan | 2, 7, 21, 23, 24 | 1 | Wateridge | NAP | Teachers' Retirement System of the State of Illinois | NAP |
20 | Loan | 1, 7, 23 | 1 | 1099 New York Avenue | NAP | National Capital Properties VI, LP and Kanden Realty & Development America LLC | National Capital Properties VI, LP and Kanden Realty & Development America LLC |
21 | Loan | 19 | 1 | 48 E 57th Street | NAP | Angela Arabov | Angela Arabov |
22 | Loan | 10, 15, 23 | 1 | Hooksett Village | NAP | FNRP CV LLC, First National Realty Partners LLC, Anthony Grosso and Christopher Palermo | FNRP CV LLC, First National Realty Partners LLC, Anthony Grosso and Christopher Palermo |
23 | Loan | 5, 16, 27 | 1 | 637 E 223rd Street | NAP | Robert Lumaj | Robert Lumaj |
24 | Loan | 17, 19, 20 | 1 | Town & Country Plaza | NAP | John Graham and Thomas Lund | John Graham and Thomas Lund |
25 | Loan | 5 | 1 | SpringHill Suites Fort Myers Airport | NAP | Prime Hospitality Group, LLC | Prime Hospitality Group, LLC |
26 | Loan | 2, 4, 5, 14, 16, 27, 28 | 1 | 2460 White Plains Road & 708 Mace Avenue | NAP | Leah Waldman | Leah Waldman |
27 | Loan | 6, 7, 19 | 2 | The Pointe & Oak Shadows | NAP | Dr. Fercan E. Kalkan and Fatma Kalkan | Dr. Fercan E. Kalkan and Fatma Kalkan |
27.01 | Property | 1 | The Pointe | ||||
27.02 | Property | 1 | Oak Shadows | ||||
28 | Loan | 19, 30 | 1 | 55 Pharr | NAP | Barry Cayton | Barry Cayton |
29 | Loan | 10, 15 | 1 | Citrus Center | NAP | Francis Greenburger | Francis Greenburger |
30 | Loan | 16, 20 | 1 | 152 Geary Street | NAP | Joseph Sitt | Joseph Sitt |
31 | Loan | 2, 4, 6, 16 | 2 | Toobian NY Portfolio | NAP | Pouya Toobian | Pouya Toobian |
31.01 | Property | 1 | 235, 239 and 241 East 39th Street | ||||
31.02 | Property | 1 | 1437 Old Northern Boulevard | ||||
32 | Loan | 1 | Grande Woods South MHC | NAP | Stephen C. Coyle, Sr. | Stephen C. Coyle, Sr. | |
33 | Loan | 16 | 1 | Western Falcon | NAP | Eli Amzallag, Gabriel Amzallag and Ned Mahic | Eli Amzallag, Gabriel Amzallag and Ned Mahic |
34 | Loan | 6, 10, 24 | 2 | Stor-More-Laredo Self Storage | NAP | Palatine Real Estate Fund III, LP | Palatine Real Estate Fund III, LP |
34.01 | Property | 1 | Muller Rd | ||||
34.02 | Property | 1 | Industrial Blvd | ||||
35 | Loan | 2, 4, 16, 27, 28 | 1 | Centurion Union Phase III | NAP | Manuel A. Fernandez | Manuel A. Fernandez |
36 | Loan | 1 | 262-282 Cabrini Boulevard | NAP | Fred Ohebshalom | Fred Ohebshalom | |
37 | Loan | 16 | 1 | Country Place Apartments | NAP | Eliezer Meisels and Moshe Weingarten | Eliezer Meisels and Moshe Weingarten |
38 | Loan | 1 | Hunter's Run | NAP | Frank T. Sinito and Malisse J. Sinito | Frank T. Sinito and Malisse J. Sinito | |
39 | Loan | 4, 16, 19, 28, 30 | 1 | Griffin Capital Plaza | NAP | The Shields 2009 Irrevocable Trust Under Trust Agreement Dated May 22, 2009 | The Shields 2009 Irrevocable Trust Under Trust Agreement Dated May 22, 2009 |
40 | Loan | 16 | 1 | 322 Graham Avenue | NAP | Joel Schwartz | Joel Schwartz |
A-1-35 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Future Debt Permitted Type | Sponsor | Non-Recourse Carveout Guarantor |
13 | 24 | ||||||
41 | Loan | 2, 6 | 3 | Griffith MHC Portfolio | NAP | David Jackson Griffith II | David Jackson Griffith II |
41.01 | Property | 1 | Gobblers Knob | ||||
41.02 | Property | 1 | Westwood Manor | ||||
41.03 | Property | 1 | Hidden Valley | ||||
42 | Loan | 16, 19 | 1 | 2 Palmer Terrace | NAP | Alen Gollender | Alen Gollender |
43 | Loan | 1 | Silver Oaks Business Park | NAP | Thomas E. Morgan III | Thomas E. Morgan III | |
44 | Loan | 10, 27 | 1 | Extra Space Storage Chicago Heights | NAP | Martin R. Lewis | Martin R. Lewis |
45 | Loan | 6, 26 | 2 | MIC St. Louis & Memphis | NAP | Mobile Infrastructure Corporation | Mobile Infrastructure Corporation |
45.01 | Property | 1 | St. Louis Spruce | ||||
45.02 | Property | 1 | Memphis Poplar | ||||
46 | Loan | 2, 6, 16 | 2 | Anchor MHC and Tropical Circle MHC Portfolio | NAP | Bryce Robertson | Bryce Robertson |
46.01 | Property | 1 | Anchor MHC | ||||
46.02 | Property | 1 | Tropical Circle MHC | ||||
47 | Loan | 1 | Cordova Court Apartments | NAP | Victor Varisco and Donald Johnson | Victor Varisco and Donald Johnson | |
48 | Loan | 6 | 2 | Otto Storage Portfolio | NAP | Michelle A. Otto | Michelle A. Otto |
48.01 | Property | 1 | D Highway Storage | ||||
48.02 | Property | 1 | O Road Storage | ||||
49 | Loan | 2, 16 | 1 | All Purpose Storage Burlington | NAP | Jeremiah Boucher | Jeremiah Boucher |
50 | Loan | 2, 16, 23 | 1 | The Riley - 880 Manhattan Avenue | NAP | Juan David Gomez, Amnay Labou, Bryan Christian Anderson, Alexander J. Kaskel, Alex B. Rabin and Michael C. Lohan | Juan David Gomez, Amnay Labou, Bryan Christian Anderson, Alexander J. Kaskel, Alex B. Rabin and Michael C. Lohan |
A-1-36 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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 ($) | Uses: Reserves ($) |
30 | 29 | ||||||||||||||||
1 | Loan | 1, 6, 7, 12, 16, 19, 23, 27, 28 | 20 | GNL Industrial Portfolio | No | No | Refinance | 237,000,000 | 12,312,601 | 0 | 0 | 249,312,601 | 240,000,000 | 0 | 7,301,346 | 2,011,255 | |
1.01 | Property | 1 | FCA USA - Detroit, MI | No | |||||||||||||
1.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | No | |||||||||||||
1.03 | Property | 1 | Follett School - McHenry, IL | No | |||||||||||||
1.04 | Property | 1 | Shaw Aero - Naples, FL | No | |||||||||||||
1.05 | Property | 1 | Kuka - Sterling Heights, MI | No | |||||||||||||
1.06 | Property | 1 | ZF Active Safety - Findlay, OH | No | |||||||||||||
1.07 | Property | 1 | CF Sauer - 184 Suburban | No | |||||||||||||
1.08 | Property | 1 | CF Sauer - 728 N Main St. | No | |||||||||||||
1.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | No | |||||||||||||
1.10 | Property | 1 | Hannibal - Houston, TX | No | |||||||||||||
1.11 | Property | 1 | FedEx IV - Lexington, KY | No | |||||||||||||
1.12 | Property | 1 | VersaFlex - Kansas City, KS | No | |||||||||||||
1.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | No | |||||||||||||
1.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | No | |||||||||||||
1.15 | Property | 1 | CSTK - St. Louis, MO | No | |||||||||||||
1.16 | Property | 1 | CF Sauer - 39 S Park Dr. | No | |||||||||||||
1.17 | Property | 1 | AM Castle - Wichita, KS | No | |||||||||||||
1.18 | Property | 1 | CF Sauer - 9 Old Mill Road | No | |||||||||||||
1.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | No | |||||||||||||
1.20 | Property | 1 | CF Sauer - 513 West Butler Road | No | |||||||||||||
2 | Loan | 2, 4, 5, 6, 16, 30 | 6 | Champion MSU Student Housing Portfolio | No | No | Refinance | 44,000,000 | 100,870 | 0 | 0 | 44,100,870 | 38,993,757 | 0 | 2,142,585 | 2,964,529 | |
2.01 | Property | 1 | 731 Burcham Drive | No | |||||||||||||
2.02 | Property | 1 | 745 Burcham Drive | No | |||||||||||||
2.03 | Property | 1 | 635 Abbot Road | No | |||||||||||||
2.04 | Property | 1 | 767 Burcham Drive | No | |||||||||||||
2.05 | Property | 1 | 787 Burcham Drive | No | |||||||||||||
2.06 | Property | 1 | 129 Burcham Drive | No | |||||||||||||
3 | Loan | 1, 2, 7, 16, 27, 28 | 1 | 620 W 153rd Street | No | Yes | Refinance | No | 117,000,000 | 0 | 0 | 0 | 117,000,000 | 110,927,653 | 0 | 4,900,604 | 654,527 |
4 | Loan | 23 | 1 | 1640 Sepulveda | No | No | Refinance | No | 36,300,000 | 64,777 | 0 | 0 | 36,364,777 | 31,673,231 | 0 | 359,390 | 4,332,156 |
5 | Loan | 2, 4, 7, 17, 28 | 1 | University Pointe | No | No | Refinance | No | 85,850,000 | 0 | 0 | 0 | 85,850,000 | 61,152,998 | 0 | 5,048,866 | 1,214,921 |
6 | Loan | 6 | 3 | BPW Houston Multifamily Portfolio | No | No | Refinance | 31,000,000 | 0 | 0 | 0 | 31,000,000 | 28,298,555 | 0 | 941,780 | 735,219 | |
6.01 | Property | 1 | Bayou Willows | No | |||||||||||||
6.02 | Property | 1 | Weston Oaks | No | |||||||||||||
6.03 | Property | 1 | Pleasant Village | No | |||||||||||||
7 | Loan | 1, 7, 9, 12, 13, 17, 19, 23, 24 | 1 | 640 5th Avenue | No | No | Refinance | No | 300,000,000 | 106,245,190 | 100,000,000 | 0 | 506,245,190 | 501,608,063 | 0 | 1,421,115 | 3,216,012 |
8 | Loan | 2, 7, 10, 24 | 1 | 28-40 West 23rd Street | No | No | Refinance | No | 155,000,000 | 12,777,258 | 0 | 5,206,287 | 172,983,545 | 139,632,947 | 0 | 2,013,918 | 31,336,680 |
9 | Loan | 10, 13, 27, 30 | 1 | Country View Apartments | No | Yes | Refinance | No | 21,500,000 | 28,026 | 0 | 0 | 21,528,026 | 19,616,498 | 0 | 1,680,563 | 230,966 |
10 | Loan | 5 | 1 | Courtyard Fort Myers at I-75 | No | No | Acquisition | No | 21,325,000 | 11,524,715 | 0 | 0 | 32,849,715 | 0 | 28,250,000 | 609,933 | 3,989,783 |
11 | Loan | 2, 4, 6, 7, 12, 20, 27, 30 | 10 | Bedrock Mixed-Use Portfolio | No | No | Refinance | 75,000,000 | 0 | 0 | 0 | 75,000,000 | 66,050,211 | 0 | 6,044,555 | 0 | |
11.01 | Property | 1 | Trio on Fort Street | No | |||||||||||||
11.02 | Property | 1 | 28 Grand Apartments | No | |||||||||||||
11.03 | Property | 1 | Madison Building | No | |||||||||||||
11.04 | Property | 1 | 1274 Library Street | No | |||||||||||||
11.05 | Property | 1 | The Ferguson Apartments | No | |||||||||||||
11.06 | Property | 1 | Lofts of Merchant Row | No | |||||||||||||
11.07 | Property | 1 | 620 and 630 Woodward Avenue | No | |||||||||||||
11.08 | Property | 1 | The Globe Building | No | |||||||||||||
11.09 | Property | 1 | 1500 Woodward Avenue | No | |||||||||||||
11.10 | Property | 1 | Fourteen56 Apartments | No | |||||||||||||
12 | Loan | 3, 7, 12, 24, 30 | 1 | Syngenta Woodland | No | No | Acquisition | No | 29,585,518 | 16,461,974 | 0 | 0 | 46,047,492 | 0 | 40,568,181 | 531,311 | 4,948,000 |
13 | Loan | 5, 7, 12, 15, 19, 23 | 1 | Crescent Center | No | No | Refinance | No | 52,000,000 | 2,672,977 | 0 | 0 | 54,672,977 | 49,625,707 | 0 | 2,615,777 | 2,431,492 |
14 | Loan | 2, 10, 19, 20, 21, 23 | 1 | ASC Business Park | No | No | Acquisition | No | 17,000,000 | 10,611,309 | 0 | 0 | 27,611,309 | 0 | 25,000,000 | 1,427,022 | 1,584,287 |
15 | Loan | 6, 27 | 4 | Philadelphia Multifamily Portfolio | No | No | Refinance | 16,800,000 | 0 | 0 | 0 | 16,800,000 | 13,412,950 | 0 | 1,077,298 | 155,963 | |
15.01 | Property | 1 | 2105 Germantown Avenue | No | |||||||||||||
15.02 | Property | 1 | 719, 723-727 North 35th Street | No | |||||||||||||
15.03 | Property | 1 | 2101-2111 North Fairhill Street | No | |||||||||||||
15.04 | Property | 1 | 2215 North 7th Street | No | |||||||||||||
16 | Loan | 6 | 3 | Cityline NY FL & TN Portfolio | No | No | Refinance | ||||||||||
16.01 | Property | 1 | Storage Sense - Chatham & Canaan | No | |||||||||||||
16.02 | Property | 1 | Storage Sense - Clarksville | No | |||||||||||||
16.03 | Property | 1 | Storage Sense – Punta Gorda | No | |||||||||||||
17 | Loan | 16, 28 | 1 | Lofts at Dallas Mill | No | No | Refinance | No | |||||||||
18 | Loan | 1, 4, 7, 12, 14, 19, 20, 23 | 1 | Kenwood Towne Centre | No | No | Refinance | No | |||||||||
19 | Loan | 2, 7, 21, 23, 24 | 1 | Wateridge | No | No | Refinance | No | |||||||||
20 | Loan | 1, 7, 23 | 1 | 1099 New York Avenue | No | No | Acquisition | No | |||||||||
21 | Loan | 19 | 1 | 48 E 57th Street | No | No | Refinance | No | |||||||||
22 | Loan | 10, 15, 23 | 1 | Hooksett Village | No | Yes | Refinance | No | |||||||||
23 | Loan | 5, 16, 27 | 1 | 637 E 223rd Street | No | No | Refinance | No | |||||||||
24 | Loan | 17, 19, 20 | 1 | Town & Country Plaza | No | No | Refinance | No | |||||||||
25 | Loan | 5 | 1 | SpringHill Suites Fort Myers Airport | No | No | Acquisition | No | |||||||||
26 | Loan | 2, 4, 5, 14, 16, 27, 28 | 1 | 2460 White Plains Road & 708 Mace Avenue | No | No | Refinance | No | |||||||||
27 | Loan | 6, 7, 19 | 2 | The Pointe & Oak Shadows | No | No | Refinance | ||||||||||
27.01 | Property | 1 | The Pointe | No | |||||||||||||
27.02 | Property | 1 | Oak Shadows | No | |||||||||||||
28 | Loan | 19, 30 | 1 | 55 Pharr | No | No | Refinance | No | |||||||||
29 | Loan | 10, 15 | 1 | Citrus Center | No | No | Refinance | No | |||||||||
30 | Loan | 16, 20 | 1 | 152 Geary Street | No | No | Refinance | No | |||||||||
31 | Loan | 2, 4, 6, 16 | 2 | Toobian NY Portfolio | No | No | Refinance | ||||||||||
31.01 | Property | 1 | 235, 239 and 241 East 39th Street | No | |||||||||||||
31.02 | Property | 1 | 1437 Old Northern Boulevard | No | |||||||||||||
32 | Loan | 1 | Grande Woods South MHC | No | No | Refinance | No | ||||||||||
33 | Loan | 16 | 1 | Western Falcon | No | No | Refinance | No | |||||||||
34 | Loan | 6, 10, 24 | 2 | Stor-More-Laredo Self Storage | No | No | Refinance | ||||||||||
34.01 | Property | 1 | Muller Rd | No | |||||||||||||
34.02 | Property | 1 | Industrial Blvd | No | |||||||||||||
35 | Loan | 2, 4, 16, 27, 28 | 1 | Centurion Union Phase III | No | No | Refinance | No | |||||||||
36 | Loan | 1 | 262-282 Cabrini Boulevard | No | Yes | Refinance | No | ||||||||||
37 | Loan | 16 | 1 | Country Place Apartments | No | No | Refinance | No | |||||||||
38 | Loan | 1 | Hunter's Run | No | No | Refinance | No | ||||||||||
39 | Loan | 4, 16, 19, 28, 30 | 1 | Griffin Capital Plaza | No | No | Recapitalization | No | |||||||||
40 | Loan | 16 | 1 | 322 Graham Avenue | No | No | Refinance | No |
A-1-37 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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 ($) |
30 | 29 | ||||||||||||||||
41 | Loan | 2, 6 | 3 | Griffith MHC Portfolio | No | No | Refinance | ||||||||||
41.01 | Property | 1 | Gobblers Knob | No | |||||||||||||
41.02 | Property | 1 | Westwood Manor | No | |||||||||||||
41.03 | Property | 1 | Hidden Valley | No | |||||||||||||
42 | Loan | 16, 19 | 1 | 2 Palmer Terrace | No | No | Refinance | No | |||||||||
43 | Loan | 1 | Silver Oaks Business Park | No | No | Recapitalization | No | ||||||||||
44 | Loan | 10, 27 | 1 | Extra Space Storage Chicago Heights | No | No | Refinance | No | |||||||||
45 | Loan | 6, 26 | 2 | MIC St. Louis & Memphis | No | No | Refinance | ||||||||||
45.01 | Property | 1 | St. Louis Spruce | No | |||||||||||||
45.02 | Property | 1 | Memphis Poplar | No | |||||||||||||
46 | Loan | 2, 6, 16 | 2 | Anchor MHC and Tropical Circle MHC Portfolio | No | No | Refinance | ||||||||||
46.01 | Property | 1 | Anchor MHC | No | |||||||||||||
46.02 | Property | 1 | Tropical Circle MHC | No | |||||||||||||
47 | Loan | 1 | Cordova Court Apartments | No | No | Refinance | No | ||||||||||
48 | Loan | 6 | 2 | Otto Storage Portfolio | No | No | Refinance | ||||||||||
48.01 | Property | 1 | D Highway Storage | No | |||||||||||||
48.02 | Property | 1 | O Road Storage | No | |||||||||||||
49 | Loan | 2, 16 | 1 | All Purpose Storage Burlington | No | No | Refinance | No | |||||||||
50 | Loan | 2, 16, 23 | 1 | The Riley - 880 Manhattan Avenue | No | Yes | Refinance | No |
A-1-38 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Uses: Principal Equity Distribution ($) | 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 ($) | Second Most Recent RevPAR ($) |
1 | Loan | 1, 6, 7, 12, 16, 19, 23, 27, 28 | 20 | GNL Industrial Portfolio | 0 | 0 | 249,312,601 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
1.01 | Property | 1 | FCA USA - Detroit, MI | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
1.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
1.03 | Property | 1 | Follett School - McHenry, IL | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
1.04 | Property | 1 | Shaw Aero - Naples, FL | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
1.05 | Property | 1 | Kuka - Sterling Heights, MI | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
1.06 | Property | 1 | ZF Active Safety - Findlay, OH | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
1.07 | Property | 1 | CF Sauer - 184 Suburban | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
1.08 | Property | 1 | CF Sauer - 728 N Main St. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
1.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
1.10 | Property | 1 | Hannibal - Houston, TX | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
1.11 | Property | 1 | FedEx IV - Lexington, KY | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
1.12 | Property | 1 | VersaFlex - Kansas City, KS | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
1.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
1.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
1.15 | Property | 1 | CSTK - St. Louis, MO | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
1.16 | Property | 1 | CF Sauer - 39 S Park Dr. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
1.17 | Property | 1 | AM Castle - Wichita, KS | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
1.18 | Property | 1 | CF Sauer - 9 Old Mill Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
1.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
1.20 | Property | 1 | CF Sauer - 513 West Butler Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
2 | Loan | 2, 4, 5, 6, 16, 30 | 6 | Champion MSU Student Housing Portfolio | 0 | 0 | 44,100,870 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
2.01 | Property | 1 | 731 Burcham Drive | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
2.02 | Property | 1 | 745 Burcham Drive | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
2.03 | Property | 1 | 635 Abbot Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
2.04 | Property | 1 | 767 Burcham Drive | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
2.05 | Property | 1 | 787 Burcham Drive | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
2.06 | Property | 1 | 129 Burcham Drive | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
3 | Loan | 1, 2, 7, 16, 27, 28 | 1 | 620 W 153rd Street | 517,215 | 0 | 117,000,000 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
4 | Loan | 23 | 1 | 1640 Sepulveda | 0 | 0 | 36,364,777 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
5 | Loan | 2, 4, 7, 17, 28 | 1 | University Pointe | 18,433,215 | 0 | 85,850,000 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
6 | Loan | 6 | 3 | BPW Houston Multifamily Portfolio | 1,024,447 | 0 | 31,000,000 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
6.01 | Property | 1 | Bayou Willows | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
6.02 | Property | 1 | Weston Oaks | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
6.03 | Property | 1 | Pleasant Village | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
7 | Loan | 1, 7, 9, 12, 13, 17, 19, 23, 24 | 1 | 640 5th Avenue | 0 | 0 | 506,245,190 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
8 | Loan | 2, 7, 10, 24 | 1 | 28-40 West 23rd Street | 0 | 0 | 172,983,545 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
9 | Loan | 10, 13, 27, 30 | 1 | Country View Apartments | 0 | 0 | 21,528,026 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10 | Loan | 5 | 1 | Courtyard Fort Myers at I-75 | 0 | 0 | 32,849,715 | 28/03/2039 | 164.51 | 139.83 | 85.0% | 164.51 | 144.88 | 88.1% | 165.31 | 145.47 |
11 | Loan | 2, 4, 6, 7, 12, 20, 27, 30 | 10 | Bedrock Mixed-Use Portfolio | 2,905,234 | 0 | 75,000,000 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
11.01 | Property | 1 | Trio on Fort Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
11.02 | Property | 1 | 28 Grand Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
11.03 | Property | 1 | Madison Building | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
11.04 | Property | 1 | 1274 Library Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
11.05 | Property | 1 | The Ferguson Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
11.06 | Property | 1 | Lofts of Merchant Row | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
11.07 | Property | 1 | 620 and 630 Woodward Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
11.08 | Property | 1 | The Globe Building | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
11.09 | Property | 1 | 1500 Woodward Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
11.10 | Property | 1 | Fourteen56 Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
12 | Loan | 3, 7, 12, 24, 30 | 1 | Syngenta Woodland | 0 | 0 | 46,047,492 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
13 | Loan | 5, 7, 12, 15, 19, 23 | 1 | Crescent Center | 0 | 0 | 54,672,977 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
14 | Loan | 2, 10, 19, 20, 21, 23 | 1 | ASC Business Park | 0 | -400,000 | 27,611,309 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
15 | Loan | 6, 27 | 4 | Philadelphia Multifamily Portfolio | 2,153,788 | 0 | 16,800,000 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
15.01 | Property | 1 | 2105 Germantown Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
15.02 | Property | 1 | 719, 723-727 North 35th Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
15.03 | Property | 1 | 2101-2111 North Fairhill Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
15.04 | Property | 1 | 2215 North 7th Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
16 | Loan | 6 | 3 | Cityline NY FL & TN Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
16.01 | Property | 1 | Storage Sense - Chatham & Canaan | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
16.02 | Property | 1 | Storage Sense - Clarksville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
16.03 | Property | 1 | Storage Sense – Punta Gorda | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
17 | Loan | 16, 28 | 1 | Lofts at Dallas Mill | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
18 | Loan | 1, 4, 7, 12, 14, 19, 20, 23 | 1 | Kenwood Towne Centre | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
19 | Loan | 2, 7, 21, 23, 24 | 1 | Wateridge | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
20 | Loan | 1, 7, 23 | 1 | 1099 New York Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
21 | Loan | 19 | 1 | 48 E 57th Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
22 | Loan | 10, 15, 23 | 1 | Hooksett Village | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
23 | Loan | 5, 16, 27 | 1 | 637 E 223rd Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
24 | Loan | 17, 19, 20 | 1 | Town & Country Plaza | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
25 | Loan | 5 | 1 | SpringHill Suites Fort Myers Airport | 28/03/2039 | 159.12 | 127.30 | 80.0% | 159.12 | 132.26 | 83.1% | 161.30 | 135.17 | |||
26 | Loan | 2, 4, 5, 14, 16, 27, 28 | 1 | 2460 White Plains Road & 708 Mace Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
27 | Loan | 6, 7, 19 | 2 | The Pointe & Oak Shadows | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
27.01 | Property | 1 | The Pointe | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
27.02 | Property | 1 | Oak Shadows | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
28 | Loan | 19, 30 | 1 | 55 Pharr | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
29 | Loan | 10, 15 | 1 | Citrus Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
30 | Loan | 16, 20 | 1 | 152 Geary Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
31 | Loan | 2, 4, 6, 16 | 2 | Toobian NY Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
31.01 | Property | 1 | 235, 239 and 241 East 39th Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
31.02 | Property | 1 | 1437 Old Northern Boulevard | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
32 | Loan | 1 | Grande Woods South MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
33 | Loan | 16 | 1 | Western Falcon | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
34 | Loan | 6, 10, 24 | 2 | Stor-More-Laredo Self Storage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
34.01 | Property | 1 | Muller Rd | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
34.02 | Property | 1 | Industrial Blvd | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
35 | Loan | 2, 4, 16, 27, 28 | 1 | Centurion Union Phase III | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
36 | Loan | 1 | 262-282 Cabrini Boulevard | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
37 | Loan | 16 | 1 | Country Place Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
38 | Loan | 1 | Hunter's Run | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
39 | Loan | 4, 16, 19, 28, 30 | 1 | Griffin Capital Plaza | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
40 | Loan | 16 | 1 | 322 Graham Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
A-1-39 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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 ($) |
41 | Loan | 2, 6 | 3 | Griffith MHC Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
41.01 | Property | 1 | Gobblers Knob | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
41.02 | Property | 1 | Westwood Manor | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
41.03 | Property | 1 | Hidden Valley | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
42 | Loan | 16, 19 | 1 | 2 Palmer Terrace | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
43 | Loan | 1 | Silver Oaks Business Park | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
44 | Loan | 10, 27 | 1 | Extra Space Storage Chicago Heights | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
45 | Loan | 6, 26 | 2 | MIC St. Louis & Memphis | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
45.01 | Property | 1 | St. Louis Spruce | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
45.02 | Property | 1 | Memphis Poplar | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
46 | Loan | 2, 6, 16 | 2 | Anchor MHC and Tropical Circle MHC Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
46.01 | Property | 1 | Anchor MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
46.02 | Property | 1 | Tropical Circle MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
47 | Loan | 1 | Cordova Court Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
48 | Loan | 6 | 2 | Otto Storage Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
48.01 | Property | 1 | D Highway Storage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
48.02 | Property | 1 | O Road Storage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
49 | Loan | 2, 16 | 1 | All Purpose Storage Burlington | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
50 | Loan | 2, 16, 23 | 1 | The Riley - 880 Manhattan Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
A-1-40 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Second Most Recent Hotel Occupancy (%) | Third Most Recent ADR ($) | Third Most Recent RevPAR ($) | Third Most Recent Hotel Occupancy (%) | |
1 | Loan | 1, 6, 7, 12, 16, 19, 23, 27, 28 | 20 | GNL Industrial Portfolio | NAP | NAP | NAP | NAP | |
1.01 | Property | 1 | FCA USA - Detroit, MI | NAP | NAP | NAP | NAP | ||
1.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | NAP | NAP | NAP | NAP | ||
1.03 | Property | 1 | Follett School - McHenry, IL | NAP | NAP | NAP | NAP | ||
1.04 | Property | 1 | Shaw Aero - Naples, FL | NAP | NAP | NAP | NAP | ||
1.05 | Property | 1 | Kuka - Sterling Heights, MI | NAP | NAP | NAP | NAP | ||
1.06 | Property | 1 | ZF Active Safety - Findlay, OH | NAP | NAP | NAP | NAP | ||
1.07 | Property | 1 | CF Sauer - 184 Suburban | NAP | NAP | NAP | NAP | ||
1.08 | Property | 1 | CF Sauer - 728 N Main St. | NAP | NAP | NAP | NAP | ||
1.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | NAP | NAP | NAP | NAP | ||
1.10 | Property | 1 | Hannibal - Houston, TX | NAP | NAP | NAP | NAP | ||
1.11 | Property | 1 | FedEx IV - Lexington, KY | NAP | NAP | NAP | NAP | ||
1.12 | Property | 1 | VersaFlex - Kansas City, KS | NAP | NAP | NAP | NAP | ||
1.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | NAP | NAP | NAP | NAP | ||
1.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | NAP | NAP | NAP | NAP | ||
1.15 | Property | 1 | CSTK - St. Louis, MO | NAP | NAP | NAP | NAP | ||
1.16 | Property | 1 | CF Sauer - 39 S Park Dr. | NAP | NAP | NAP | NAP | ||
1.17 | Property | 1 | AM Castle - Wichita, KS | NAP | NAP | NAP | NAP | ||
1.18 | Property | 1 | CF Sauer - 9 Old Mill Road | NAP | NAP | NAP | NAP | ||
1.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | NAP | NAP | NAP | NAP | ||
1.20 | Property | 1 | CF Sauer - 513 West Butler Road | NAP | NAP | NAP | NAP | ||
2 | Loan | 2, 4, 5, 6, 16, 30 | 6 | Champion MSU Student Housing Portfolio | NAP | NAP | NAP | NAP | |
2.01 | Property | 1 | 731 Burcham Drive | NAP | NAP | NAP | NAP | ||
2.02 | Property | 1 | 745 Burcham Drive | NAP | NAP | NAP | NAP | ||
2.03 | Property | 1 | 635 Abbot Road | NAP | NAP | NAP | NAP | ||
2.04 | Property | 1 | 767 Burcham Drive | NAP | NAP | NAP | NAP | ||
2.05 | Property | 1 | 787 Burcham Drive | NAP | NAP | NAP | NAP | ||
2.06 | Property | 1 | 129 Burcham Drive | NAP | NAP | NAP | NAP | ||
3 | Loan | 1, 2, 7, 16, 27, 28 | 1 | 620 W 153rd Street | NAP | NAP | NAP | NAP | |
4 | Loan | 23 | 1 | 1640 Sepulveda | NAP | NAP | NAP | NAP | |
5 | Loan | 2, 4, 7, 17, 28 | 1 | University Pointe | NAP | NAP | NAP | NAP | |
6 | Loan | 6 | 3 | BPW Houston Multifamily Portfolio | NAP | NAP | NAP | NAP | |
6.01 | Property | 1 | Bayou Willows | NAP | NAP | NAP | NAP | ||
6.02 | Property | 1 | Weston Oaks | NAP | NAP | NAP | NAP | ||
6.03 | Property | 1 | Pleasant Village | NAP | NAP | NAP | NAP | ||
7 | Loan | 1, 7, 9, 12, 13, 17, 19, 23, 24 | 1 | 640 5th Avenue | NAP | NAP | NAP | NAP | |
8 | Loan | 2, 7, 10, 24 | 1 | 28-40 West 23rd Street | NAP | NAP | NAP | NAP | |
9 | Loan | 10, 13, 27, 30 | 1 | Country View Apartments | NAP | NAP | NAP | NAP | |
10 | Loan | 5 | 1 | Courtyard Fort Myers at I-75 | 88.0% | 170.77 | 148.74 | 87.1% | |
11 | Loan | 2, 4, 6, 7, 12, 20, 27, 30 | 10 | Bedrock Mixed-Use Portfolio | NAP | NAP | NAP | NAP | |
11.01 | Property | 1 | Trio on Fort Street | NAP | NAP | NAP | NAP | ||
11.02 | Property | 1 | 28 Grand Apartments | NAP | NAP | NAP | NAP | ||
11.03 | Property | 1 | Madison Building | NAP | NAP | NAP | NAP | ||
11.04 | Property | 1 | 1274 Library Street | NAP | NAP | NAP | NAP | ||
11.05 | Property | 1 | The Ferguson Apartments | NAP | NAP | NAP | NAP | ||
11.06 | Property | 1 | Lofts of Merchant Row | NAP | NAP | NAP | NAP | ||
11.07 | Property | 1 | 620 and 630 Woodward Avenue | NAP | NAP | NAP | NAP | ||
11.08 | Property | 1 | The Globe Building | NAP | NAP | NAP | NAP | ||
11.09 | Property | 1 | 1500 Woodward Avenue | NAP | NAP | NAP | NAP | ||
11.10 | Property | 1 | Fourteen56 Apartments | NAP | NAP | NAP | NAP | ||
12 | Loan | 3, 7, 12, 24, 30 | 1 | Syngenta Woodland | NAP | NAP | NAP | NAP | |
13 | Loan | 5, 7, 12, 15, 19, 23 | 1 | Crescent Center | NAP | NAP | NAP | NAP | |
14 | Loan | 2, 10, 19, 20, 21, 23 | 1 | ASC Business Park | NAP | NAP | NAP | NAP | |
15 | Loan | 6, 27 | 4 | Philadelphia Multifamily Portfolio | NAP | NAP | NAP | NAP | |
15.01 | Property | 1 | 2105 Germantown Avenue | NAP | NAP | NAP | NAP | ||
15.02 | Property | 1 | 719, 723-727 North 35th Street | NAP | NAP | NAP | NAP | ||
15.03 | Property | 1 | 2101-2111 North Fairhill Street | NAP | NAP | NAP | NAP | ||
15.04 | Property | 1 | 2215 North 7th Street | NAP | NAP | NAP | NAP | ||
16 | Loan | 6 | 3 | Cityline NY FL & TN Portfolio | NAP | NAP | NAP | NAP | |
16.01 | Property | 1 | Storage Sense - Chatham & Canaan | NAP | NAP | NAP | NAP | ||
16.02 | Property | 1 | Storage Sense - Clarksville | NAP | NAP | NAP | NAP | ||
16.03 | Property | 1 | Storage Sense – Punta Gorda | NAP | NAP | NAP | NAP | ||
17 | Loan | 16, 28 | 1 | Lofts at Dallas Mill | NAP | NAP | NAP | NAP | |
18 | Loan | 1, 4, 7, 12, 14, 19, 20, 23 | 1 | Kenwood Towne Centre | NAP | NAP | NAP | NAP | |
19 | Loan | 2, 7, 21, 23, 24 | 1 | Wateridge | NAP | NAP | NAP | NAP | |
20 | Loan | 1, 7, 23 | 1 | 1099 New York Avenue | NAP | NAP | NAP | NAP | |
21 | Loan | 19 | 1 | 48 E 57th Street | NAP | NAP | NAP | NAP | |
22 | Loan | 10, 15, 23 | 1 | Hooksett Village | NAP | NAP | NAP | NAP | |
23 | Loan | 5, 16, 27 | 1 | 637 E 223rd Street | NAP | NAP | NAP | NAP | |
24 | Loan | 17, 19, 20 | 1 | Town & Country Plaza | NAP | NAP | NAP | NAP | |
25 | Loan | 5 | 1 | SpringHill Suites Fort Myers Airport | 83.8% | 157.58 | 127.64 | 81.0% | |
26 | Loan | 2, 4, 5, 14, 16, 27, 28 | 1 | 2460 White Plains Road & 708 Mace Avenue | NAP | NAP | NAP | NAP | |
27 | Loan | 6, 7, 19 | 2 | The Pointe & Oak Shadows | NAP | NAP | NAP | NAP | |
27.01 | Property | 1 | The Pointe | NAP | NAP | NAP | NAP | ||
27.02 | Property | 1 | Oak Shadows | NAP | NAP | NAP | NAP | ||
28 | Loan | 19, 30 | 1 | 55 Pharr | NAP | NAP | NAP | NAP | |
29 | Loan | 10, 15 | 1 | Citrus Center | NAP | NAP | NAP | NAP | |
30 | Loan | 16, 20 | 1 | 152 Geary Street | NAP | NAP | NAP | NAP | |
31 | Loan | 2, 4, 6, 16 | 2 | Toobian NY Portfolio | NAP | NAP | NAP | NAP | |
31.01 | Property | 1 | 235, 239 and 241 East 39th Street | NAP | NAP | NAP | NAP | ||
31.02 | Property | 1 | 1437 Old Northern Boulevard | NAP | NAP | NAP | NAP | ||
32 | Loan | 1 | Grande Woods South MHC | NAP | NAP | NAP | NAP | ||
33 | Loan | 16 | 1 | Western Falcon | NAP | NAP | NAP | NAP | |
34 | Loan | 6, 10, 24 | 2 | Stor-More-Laredo Self Storage | NAP | NAP | NAP | NAP | |
34.01 | Property | 1 | Muller Rd | NAP | NAP | NAP | NAP | ||
34.02 | Property | 1 | Industrial Blvd | NAP | NAP | NAP | NAP | ||
35 | Loan | 2, 4, 16, 27, 28 | 1 | Centurion Union Phase III | NAP | NAP | NAP | NAP | |
36 | Loan | 1 | 262-282 Cabrini Boulevard | NAP | NAP | NAP | NAP | ||
37 | Loan | 16 | 1 | Country Place Apartments | NAP | NAP | NAP | NAP | |
38 | Loan | 1 | Hunter's Run | NAP | NAP | NAP | NAP | ||
39 | Loan | 4, 16, 19, 28, 30 | 1 | Griffin Capital Plaza | NAP | NAP | NAP | NAP | |
40 | Loan | 16 | 1 | 322 Graham Avenue | NAP | NAP | NAP | NAP |
A-1-41 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Second Most Recent Hotel Occupancy (%) | Third Most Recent ADR ($) | Third Most Recent RevPAR ($) | Third Most Recent Hotel Occupancy (%) | |
41 | Loan | 2, 6 | 3 | Griffith MHC Portfolio | NAP | NAP | NAP | NAP | |
41.01 | Property | 1 | Gobblers Knob | NAP | NAP | NAP | NAP | ||
41.02 | Property | 1 | Westwood Manor | NAP | NAP | NAP | NAP | ||
41.03 | Property | 1 | Hidden Valley | NAP | NAP | NAP | NAP | ||
42 | Loan | 16, 19 | 1 | 2 Palmer Terrace | NAP | NAP | NAP | NAP | |
43 | Loan | 1 | Silver Oaks Business Park | NAP | NAP | NAP | NAP | ||
44 | Loan | 10, 27 | 1 | Extra Space Storage Chicago Heights | NAP | NAP | NAP | NAP | |
45 | Loan | 6, 26 | 2 | MIC St. Louis & Memphis | NAP | NAP | NAP | NAP | |
45.01 | Property | 1 | St. Louis Spruce | NAP | NAP | NAP | NAP | ||
45.02 | Property | 1 | Memphis Poplar | NAP | NAP | NAP | NAP | ||
46 | Loan | 2, 6, 16 | 2 | Anchor MHC and Tropical Circle MHC Portfolio | NAP | NAP | NAP | NAP | |
46.01 | Property | 1 | Anchor MHC | NAP | NAP | NAP | NAP | ||
46.02 | Property | 1 | Tropical Circle MHC | NAP | NAP | NAP | NAP | ||
47 | Loan | 1 | Cordova Court Apartments | NAP | NAP | NAP | NAP | ||
48 | Loan | 6 | 2 | Otto Storage Portfolio | NAP | NAP | NAP | NAP | |
48.01 | Property | 1 | D Highway Storage | NAP | NAP | NAP | NAP | ||
48.02 | Property | 1 | O Road Storage | NAP | NAP | NAP | NAP | ||
49 | Loan | 2, 16 | 1 | All Purpose Storage Burlington | NAP | NAP | NAP | NAP | |
50 | Loan | 2, 16, 23 | 1 | The Riley - 880 Manhattan Avenue | NAP | NAP | NAP | NAP |
A-1-42 |
Footnotes to Annex A-1 | |
(1); | “Barclays” denotes Barclays Capital Real Estate Inc. as Mortgage Loan Seller, “SGFC” denotes Societe Generale Financial Corporation as Mortgage Loan Seller, “KeyBank” denotes KeyBank National Association as Mortgage Loan Seller, “BMO” denotes Bank of Montreal as Mortgage Loan Seller, “AREF2” denotes Argentic Real Estate Finance 2 LLC as Mortgage Loan Seller, “LMF” denotes LMF Commercial, LLC as Mortgage Loan Seller, “SMC” denotes Starwood Mortgage Capital LLC as Mortgage Loan Seller, “CREFI” denotes Citi Real Estate Funding Inc. as Mortgage Loan Seller, “GCMC” denotes Greystone Commercial Mortgage Capital LLC as Mortgage Loan Seller, “GACC” denotes German American Capital Corporation as Mortgage Loan Seller and “UBS AG” denotes UBS AG, by and through its branch office at 1285 Avenue of the Americas, New York, New York as Mortgage Loan Seller. With respect to Loan No. 1, GNL Industrial Portfolio, the mortgage loan is part of a whole loan that was co-originated by BMO, Barclays, SGFC and KeyBank. With respect to Loan No. 3, 620 W 153rd Street, the mortgage loan is part of a whole loan that was co-originated by BMO and AREF2. With respect to Loan No. 7, 640 5th Avenue, the mortgage loan is part of a whole loan that was co-originated by Goldman Sachs Bank USA, BMO and Morgan Stanley Bank, N.A. With respect to Loan No. 18, Kenwood Towne Centre, the mortgage loan is part of a whole loan that was co-originated by Wells Fargo Bank, National Association, Goldman Sachs Bank USA and SGFC. With respect to Loan No. 20, 1099 New York Avenue, the mortgage loan is part of a whole loan that was co-originated by Barclays and AREF2. |
(2) | With respect to Loan No. 2, Champion MSU Student Housing Portfolio, the mortgaged property is comprised of 292 apartment units, which include 524 beds. With respect to Loan No. 3, 620 W 153rd Street, the mortgaged property contains three commercial units totaling 31,306 square feet of commercial space, that are 100% occupied by two retail tenants which represent approximately 7.0% of the net rental income from the 620 W 153rd Street mortgaged property. The information regarding occupancy and number of units shown does not include any commercial space at the 620 W 153rd Street mortgaged property unless otherwise indicated. With respect to Loan No. 5, University Pointe, the mortgaged property consists of 877 beds equating to 250 units with 30,943 square feet of ground floor retail. The student housing portion of the mortgaged property is 98.1% occupied as of April 4, 2024 and the retail portion of the mortgaged property is 84.2% occupied as of February 13, 2024. The residential income accounts for 94.1% of total EGI with the commercial income accounting for the remaining 5.9%. With respect to Loan No. 8, 28-40 West 23rd Street, the mortgaged property consists of 459,605 square feet of office space, accounting for 77.4% of adjusted base rent, and 118,500 square feet of retail space leased to Home Depot, accounting for 22.6% of adjusted base rent. With respect to Loan No. 11, Bedrock Mixed-Use Portfolio, the mortgaged properties are mixed-use properties totaling 853,067 square feet across 10 properties. The industrial portion of the mortgaged properties consists of 563,782 square feet (66.1% of total commercial square feet) and is 86.1% leased as of May 20, 2024. The office portion of the mortgaged properties consists of 170,576 square feet (20.0% of total commercial square feet) and is 80.4% leased as of May 20, 2024. The retail portion of the mortgaged properties consists of 117,106 square feet (13.7% of total commercial square feet) and is 72.4% leased as |
A-1-43 |
of May 20, 2024. The storage portion of the mortgaged properties consists of 1,603 square feet (0.2% of total commercial square feet) and is 38.4% leased. The three multifamily buildings in the portfolio include 30,152 commercial square feet that is 26.7% leased as of May 20, 2024, and 194 units that are 87.6% leased as of May 20, 2024. With respect to Loan No. 14, ASC Business Park, the mortgaged property consists of 223,075 square feet of industrial space and 73,916 square feet of office space. With respect to Loan No. 19, Wateridge, the mortgaged property consists of 522,985 square feet of office space, 38,524 square feet of fitness center space, 15,029 square feet of retail space, and 400 square feet of storage space. With respect to Loan No. 26, 2460 White Plains Road & 708 Mace Avenue, the mortgaged property is comprised of two buildings: (i) a 32-unit six-story multifamily building located at 2460 White Plains Road and (ii) a mixed-use building containing 2,000 square feet of ground floor commercial space with two second-floor multifamily units located at 708 Mace Avenue. For presentation purposes, only the multifamily units are considered. With respect to Loan No. 31, Toobian NY Portfolio, the 1437 Old Northern Boulevard mortgaged property is a mixed-use building containing (i) three multifamily units, (ii) two ground floor commercial units and (iii) one office unit. For presentation purposes, only the multifamily units are considered. | |
With respect to Loan No. 35, Centurion Union Phase III, the mortgaged property is comprised of (i) 27 multifamily units and (ii) four ground floor commercial units. For presentation purposes, only the multifamily units are considered. With respect to Loan No. 41, Griffith MHC Portfolio, the mortgaged properties consist of 271 pad sites, inclusive of 45 RV spaces located at the Hidden Valley mortgaged property. With respect to Loan No. 46, Anchor & Tropical Circle MHC Portfolio, the Anchor MHC mortgaged property is comprised of: (i) 80 pad sites, six of which are single-family rentals and two of which are commercial spaces, (ii) 1,950 square feet of office space and (iii) 6,000 square feet of self-storage space. For presentation purposes, only the pad sites are considered. With respect to Loan No. 49, All Purpose Storage Burlington, the mortgaged property consists of 270 storage units totaling 28,020 square feet, eight parking spaces, a 700 square foot office space and a 600 square foot apartment. With respect to Loan No. 50, The Riley – 880 Manhattan Avenue, the mortgaged property consists of three residential units and 1,250 square feet of retail space. | |
(3) | Certain of the mortgage loans include parcels ground leased to tenants in the calculation of the total square footage and the occupancy of the mortgaged property. With respect to Loan No. 12, Syngenta Woodland, the mortgaged property is situated on 201.4 acres and is comprised of 14 buildings, including 4 greenhouses and field space for seed production. The mortgaged property includes 5,000 square feet of lab dedicated to plant pathology and 10,600 square feet of office and administrative space. |
(4) | In certain cases, mortgaged properties may have tenants that have executed leases that were included in the underwriting but that have not yet commenced paying rent and/or are not in occupancy. For tenants that are one of the top five tenants (by net rentable area leased) for the 15 largest mortgage loans, certain of such tenants have not taken possession or commenced paying rent or sublease a material |
A-1-44 |
portion of their property. See “Description of the Mortgage Pool—Tenant Issues—Lease Expirations and Terminations—Other” in the preliminary prospectus. With respect to Loan No. 2, Champion MSU Student Housing Portfolio, current occupancy as of May 15, 2024 is inclusive of two model units, with one unit at the 731 Burcham Drive mortgaged property and the other unit at the 635 Abbot Road mortgaged property. With respect to Loan No. 5, University Pointe, Leased Occupancy (%) is based on 877 beds and does not include the 30,943 square feet of ground floor retail space at the University Pointe mortgaged property, which was 84.2% occupied as of February 13, 2024. With respect to Loan No. 11, Bedrock Mixed-Use Portfolio, the overall historical occupancy and current occupancy are calculated by dividing the vacant commercial square footage over the overall commercial square footage at the Bedrock Mixed Use Portfolio mortgaged properties. The historical occupancy and current occupancy for the 28 Grand Apartments mortgaged property, The Ferguson Apartments mortgaged property and the Fourteen56 Apartments mortgaged property reflect the multifamily occupancy. With respect to Loan No. 18, Kenwood Towne Centre, occupancy includes all tenants in place and excludes the 137,836 square feet of non-collateral space occupied by Nordstrom. As of December 31, 2023, the Kenwood Towne Centre mortgaged property was 95.2% occupied, excluding the non-collateral Nordstrom space. With respect to Loan No. 26, 2460 White Plains Road & 708 Mace Avenue, the presented units and occupancy figures represents the 34 multifamily units at the mortgaged property and excludes the one ground floor commercial unit. The commercial unit is leased to Play, Dream & Learn, LLC, which has taken possession of its space and is paying rent, but is not yet open for business. At origination of the mortgage loan, the borrower deposited $250,000 into a commercial rent reserve. With respect to Loan No. 31, Toobian NY Portfolio, for the 1437 Old Northern Boulevard mortgaged property, the presented units and occupancy figures represents the three multifamily units at the 1437 Old Northern Boulevard mortgaged property, and excludes the two ground floor commercial units and one office unit. As of May 1, 2024, the multifamily, commercial and office units were 100% occupied. With respect to Loan No. 35, Centurion Union Phase III, the presented units and occupancy figures represent the 27 multifamily units at the mortgaged property and exclude the four ground floor commercial units. As of May 1, 2024, the commercial space totaling 5,333 square feet was 75.1% occupied. The remaining 1,327 square feet of vacant space is currently master leased to the borrower sponsor. With respect to Loan No. 39, Griffin Capital Plaza, the Largest Tenant, Griffin Capital Company, an affiliate of the borrower sponsor, subleases 13,620 square feet of its space to another borrower sponsor affiliate, Peakstone Realty Trust, pursuant to a sublease that commenced in September 2021 and expires in June 2026. As of July 1, 2024, the subtenant will pay monthly rent of approximately $39,498. The underwritten monthly rent for the Largest Tenant is approximately $45,627, which is based on the primary lease to Griffin Capital Company. | |
(5) | With respect to all mortgage loans, with the exceptions of the mortgage loans identified in “Description of the Mortgage Pool—Definitions” in the preliminary prospectus, the Cut-off Date LTV Ratio (%) and the LTV Ratio at Maturity / ARD (%) are based on the Appraised Value ($) even though, for certain mortgage loans, the appraisal provided “as-stabilized” values based on certain criteria being met. With respect to Loan No. 2, Champion MSU Student Housing Portfolio, the Appraised Value is the “As Portfolio” value, which includes a portfolio premium of $2,000,000. Based on the aggregate “As Is” appraised values of the mortgaged properties of $63,000,000, the Cut-off Date LTV Ratio and LTV Ratio at |
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Maturity/ARD would be 69.8%. With respect to Loan No. 10, Courtyard Fort Myers at I-75, the appraised value of $33,500,000 is the “Hypothetical As Is, As If Complete” value, which assumes that the scheduled property improvement plan has been completed as of February 12, 2024. At origination of the mortgage loan, the borrower deposited $3,800,000 for property improvement plan work. The “as-is” appraised value is $28,500,000. Such “as-is” appraised value results in a Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) of 74.8%. With respect to Loan No. 13, Crescent Center, the Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) were calculated using the “Hypothetical As-Is” appraised value, which assumes a $1,200,000 upfront reserve for free rent and a $500,000 upfront reserve for future TI/LC costs. With respect to Loan No. 23, 637 E 223rd Street, the “As-Stabilized” Appraised Value ($) is $22,500,000 as of June 1, 2024, which assumes that the mortgaged property will qualify for, and receive, New York City Family Homelessness & Eviction Prevention Supplement rents in-line with 130% of the area median income limits for a minimum of five years, with opportunity to extend beyond five years. With respect to Loan No. 25, SpringHill Suites Fort Myers Airport, the appraised value of $19,500,000 is the “Hypothetical As Is, As If Complete” value, which assumes that the scheduled property improvement plan has been completed as of February 12, 2024. At origination of the mortgage loan, the borrower deposited $4,000,000 for property improvement plan work. The “as-is” appraised value is $14,500,000. Such “as-is” appraised value results in a Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) of 84.9%. With respect to Loan No. 26, 2460 White Plains Road & 708 Mace Avenue, the appraised values for the 2460 White Plains Road building and the 708 Mace Avenue building were $17,675,000 and $1,900,000, respectively. | |
(6) | For mortgage loans secured by multiple mortgaged properties, each mortgage loan’s Original Balance ($), Cut-off Date Balance ($) and Maturity/ARD Balance ($) are allocated to the respective mortgaged property based on the mortgage loan’s documentation, or if no such allocation is provided in the mortgage loan documentation, the mortgage loan seller’s determination of the appropriate allocation. ● Loan No. 1, GNL Industrial Portfolio ● Loan No. 2, Champion MSU Student Housing Portfolio ● Loan No. 6, BPW Houston Multifamily Portfolio ● Loan No. 11, Bedrock Mixed-Use Portfolio ● Loan No. 15, Philadelphia Multifamily Portfolio ● Loan No. 16, Cityline NY FL & TN Portfolio ● Loan No. 27, The Pointe & Oak Shadows ● Loan No. 31, Toobian NY Portfolio ● Loan No. 34, Stor-More-Laredo Self Storage ● Loan No. 41, Griffith MHC Portfolio ● Loan No. 45, MIC St. Louis & Memphis ● Loan No. 46, Anchor MHC and Tropical Circle MHC Portfolio ● Loan No. 48, Otto Storage Portfolio |
(7) | The Original Balance ($), Cut-off Date Balance ($), and Maturity/ARD Balance ($) represent only the mortgage loan included in the issuing entity. The Underwritten NOI DSCR (x), Underwritten NCF DSCR (x), Cut-off Date LTV Ratio (%), LTV Ratio at Maturity / ARD (%), Underwritten NOI Debt Yield (%), Underwritten NCF Debt Yield (%) and Loan per Unit ($) are calculated based on the mortgage loan included in the issuing entity and the related pari passu companion loans in the aggregate but exclude any subordinate companion loan(s). For more information regarding the mortgage loans secured by the mortgaged properties identified under the column heading in this Annex A-1, see the charts titled “Whole Loan Summary” and “Whole Loan |
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Control Notes and Non-Control Notes” in “Description of the Mortgage Pool—The Whole Loans” in the preliminary prospectus. ● Loan No. 1, GNL Industrial Portfolio ● Loan No. 3, 620 W 153rd Street ● Loan No. 5, University Pointe ● Loan No. 7, 640 5th Avenue ● Loan No. 8, 28-40 West 23rd Street ● Loan No. 11, Bedrock Mixed-Use Portfolio ● Loan No. 12, Syngenta Woodland ● Loan No. 13, Crescent Center ● Loan No. 18, Kenwood Towne Centre ● Loan No. 19, Wateridge ● Loan No. 20, 1099 New York Avenue ● Loan No. 27, The Pointe & Oak Shadows | |
(8) | The Administrative Fee Rate % includes the Servicing Fee Rate, the Operating Advisor Fee Rate, the Certificate Administrator/Trustee Fee Rate, the Asset Representations Reviewer Fee Rate and the CREFC® Intellectual Property Royalty License Fee Rate applicable to each Mortgage Loan. |
(9) | For the mortgage loans with an interest-only period that accrues interest on an Actual/360 basis, the Monthly Debt Service (IO) ($) was calculated as 1/12th of the product of (i) the Original Balance ($), (ii) the Interest Rate (%) and (iii) 365/360. With respect to Loan No. 7, 640 5th Avenue, the 640 5th Avenue Whole Loan and the 640 5th Avenue Mezzanine Loan each have fixed amortization for their entire 60-month loan terms. With respect to the 640 5th Avenue Whole Loan, the borrower is required to make payments on each monthly payment date, as follows: (x) principal in the amount of $437,500 and (y) the monthly interest payment. With respect to the 640 5th Avenue Mezzanine Loan, the mezzanine borrower is required to make payments on each monthly payment date as follows: (x) principal in the amount of approximately $145,833 and (y) the monthly interest payment. |
(10) | With respect to Loan No. 8, 28-40 West 23rd Street, Grace Period – (Late Payment) is zero days for the outstanding principal balance due at maturity and three days for the monthly payment of interest once in any 366 day period. With respect to Loan No. 9, Country View Apartments, the Grace Period – Default (Days) is zero days for the outstanding principal balance due at maturity and five days is allowed during the term of the mortgage loan for the monthly payment of principal and interest. With respect to Loan No. 14, ASC Business Park, the Grace Period – Late Fee (Days) of 10 days is permitted, before the borrower has to pay the lesser of (i) 5.0% of the unpaid sum or (ii) the maximum amount permitted by applicable law in order to defray the expense incurred by the lender to process the delinquent payment and to compensate the lender for the loss of the use of the delinquent payment. With respect to Loan No. 22, Hooksett Village, a Grace Period – Default (Days) of five days does not apply to the amount due on the maturity date. With respect to Loan No. 29, Citrus Center, a Grace Period – Default (Days) of five days does not apply to the amount due on the maturity date. With respect to Loan No. 34, Stor-More-Laredo Self Storage, a Grace Period – Default (Days) of five days does not apply to the amount due on the maturity date. |
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With respect to Loan No. 44, Extra Space Storage Chicago Heights, a Grace Period – Default (Days) of three days does not apply to the amount due on the maturity date. | |
(11) | Intentionally left blank. |
(12) | The “L” component of the prepayment provision represents lockout payments. The “D” component of the prepayment provision represents defeasance payments. The “YM” component of the prepayment provision represents yield maintenance payments. The “O” Component of the prepayment provision represents the free payments including the Maturity Date. Certain mortgage loans permit the release of a portion of a mortgaged property (or an individual mortgaged property, in connection with a portfolio mortgage loan) under various circumstances, as described in the preliminary prospectus. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Releases; Partial Releases” in the preliminary prospectus. With respect to Loan No. 1, GNL Industrial Portfolio, the GNL Industrial Portfolio Whole Loan may be voluntarily prepaid in whole (but not in part, other than in connection with the release of an individual mortgaged property, to cure a debt yield trigger or to obtain the DSCR threshold necessary for casualty/condemnation proceeds to be made available to the borrowers), at any time after April 5, 2025, with the payment of a yield maintenance premium if such prepayment is made prior to October 6, 2028. From and after October 6, 2028, the GNL Industrial Portfolio Whole Loan may be voluntarily prepaid in whole (but not in part, other than in connection with the release of an individual mortgaged property, to cure a debt yield trigger or to obtain the DSCR threshold necessary for casualty/condemnation proceeds to be made available to the borrowers), without the payment of a yield maintenance premium. The GNL Industrial Portfolio Whole Loan may be defeased in whole (but not in part, other than in connection with the release of an individual mortgaged property pursuant to the GNL Industrial Portfolio Whole Loan documents) at any time after the earlier to occur of (i) April 5, 2027 and (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note of the GNL Industrial Portfolio Whole Loan to be securitized. The assumed defeasance lockout period of 27 payments is based on the anticipated closing date of the BBCMS 2024-5C27 securitization in July 2024. The actual lockout period may be longer. With respect to Loan No. 7, 640 5th Avenue, the lockout period for prepayment of the 640 5th Avenue Whole Loan, in whole, will be at least 24 months beginning with and including the first payment date on August 1, 2024; provided that partial prepayment to resize the 640 5th Avenue Whole Loan to satisfy certain debt yield requirements are permitted during the whole loan term with applicable yield maintenance therewith. The borrower may defease the 640 5th Avenue Whole Loan in whole (but not in part) at any time after the earlier to occur of (i) two years from the closing date of the securitization that includes the last note to be securitized and (ii) August 1, 2027. The assumed lockout period of 24 payments is based on the anticipated closing date of the BBCMS 2024-5C27 securitization in July 2024. The actual lockout period may be longer. With respect to Loan No. 11, Bedrock Mixed-Use Portfolio, the lockout period will be at least 25 payment dates beginning with and including the first payment date in July 2024. Defeasance of the Bedrock Mixed Use Portfolio Whole Loan in full is permitted at any time after the earlier to occur of (i) June 5, 2027 and (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized. The assumed lockout period of 25 payment dates is based on the anticipated closing date of the BBCMS 2024-5C27 securitization in July 2024. The actual lockout period may be longer. |
With respect to Loan No. 12, Syngenta Woodland, at origination, the borrower deposited $4,948,000 into a capital expenditures reserve (the “Syngenta CapEx Reserve”) to pay for advances that the sole tenant, Syngenta Seeds, LLC (“Syngenta”), is entitled to request pursuant to its lease, which were expected to be |
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used for capital improvements to the mortgaged property. Pursuant to the Syngenta Woodland Whole Loan agreement, if any funds remained on deposit in the Syngenta CapEx Reserve on June 1, 2024, then the lender was to apply such funds to the prepayment of the Syngenta Woodland Whole Loan, in an amount equal to the lesser of (x) the amount that, when applied to the outstanding principal balance of the Syngenta Woodland Whole Loan, would result in a Loan to Cost Ratio (as defined below) of 65%, or (y) all remaining funds on deposit in the Syngenta CapEx Reserve (in either case the “Syngenta CapEx Prepayment”), and the borrower was required to pay a prepayment fee. Any funds remaining in the Syngenta CapEx Reserve after the Syngenta CapEx Prepayment were required to be released to the borrower. “Loan to Cost Ratio” means the ratio, as of a particular date, in which (1) the numerator is equal to the outstanding principal balance of the Syngenta Woodland Whole Loan, and (2) the denominator is equal to the sum of (i) $40,568,181, and (ii) the sum of (x) $0, and (y) the aggregate amount of Syngenta CapEx Reserve funds disbursed to borrower from the Syngenta CapEx Reserve pursuant to the Syngenta Woodland Whole Loan agreement as of the date of determination, in each case as determined in good faith by the lender. As of June 1, 2024, the borrower had not drawn on the Syngenta CapEx Reserve, and in June 2024 the Syngenta Woodland Whole Loan agreement was amended to extend the date on which any Syngenta Cap Ex Prepayment is required to be made to December 1, 2024, and to allow the Syngenta CapEx Reserve to be used for its original purposes until such date, and a corresponding lease amendment was entered into. In the event that all or any portion of the Syngenta CapEx Reserve is not used by December 1, 2024, it is anticipated that the Syngenta Woodland Whole Loan will be prepaid on that date, notwithstanding the otherwise applicable lockout period, in accordance with the provisions described above. With respect to Loan No. 12, Syngenta Woodland, the parent company of the sole tenant, Syngenta, is domiciled in the People’s Republic of China. The related lease provides that if at any time, the government, via law, ordinance, regulation, etc. prohibits Syngenta from holding, or prohibits the landlord from granting or conveying to the tenant, a leasehold interest in the Syngenta Woodland mortgaged property, then the tenant must transition the operational and financial responsibility to a third party by (i) assigning the tenant’s right, title and interest in the lease to a successor tenant, (ii) contracting with a third party contractor to occupy the Syngenta Woodland mortgaged property as the successor tenant or (iii) the borrower selling the Syngenta Woodland mortgaged property to a third party purchaser designated by Syngenta for an amount equal to the quotient of (A) the sum of the next 12 payments of the base rent divided by (B) 7.03% (the “Purchase Price”). Pursuant to the terms of the Syngenta Woodland Whole Loan documents, all of the Purchase Price (or such portion that is needed to repay the Syngenta Woodland Whole Loan in full) is required to be paid to the lender by the borrower upon receipt. The Syngenta Woodland Whole Loan documents provide that if the borrower is obligated to sell the Syngenta Woodland mortgaged property pursuant to the above terms of the lease, simultaneously with such sale the borrower is required to prepay the Syngenta Woodland Whole Loan in whole together with, if such prepayment is prior to the open prepayment date, a prepayment fee equal to the greater of a yield maintenance premium and 1% of the unpaid principal balance as of the date of prepayment. With respect to Loan No. 13, Crescent Center, defeasance of the Crescent Center Whole Loan in full is permitted at any time after the earlier to occur of (a) the end of the two-year period commencing on the closing date of the securitization of the last promissory note to be securitized and (b) September 22, 2026. The assumed prepayment lockout period of 33 payments is based on the anticipated closing date of the BBCMS 2024-5C27 securitization in July 2024. The actual lockout period may be longer. With respect to Loan No. 18, Kenwood Towne Centre, the lockout period will be at least 28 payment dates beginning with and including the first payment date in April 2024. Defeasance of the Kenwood Towne Centre Whole Loan in full is permitted at any time after the earlier to occur of (i) February 9, 2027 and (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized. The assumed lockout period of 28 payment dates is based on the anticipated closing date of |
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the BBCMS 2024-5C27 securitization in July 2024. The actual lockout period may be longer. The Kenwood Towne Centre Whole Loan may be partially prepaid at any time to cure a cash management trigger period due to the Kenwood Towne Centre Whole Loan debt yield being less than 9.75%, provided that any prepayment prior to the payment date occurring in September 2028 will be subject to payment of a yield maintenance premium. | |
(13) | Refers to (a) debt secured by the mortgaged property, (b) mezzanine debt and (c) preferred equity. See “Description of the Mortgage Pool—Additional Indebtedness—Mezzanine Indebtedness,” “—Preferred Equity” and “Certain Legal Aspects of the Mortgage Loans” in the preliminary prospectus for information related to mortgage loans with subordinate, mezzanine or other additional debt or preferred equity that permit subordinate, mezzanine or other additional debt in the future. With respect to Loan No. 7, 640 5th Avenue, Morgan Stanley Bank, N.A. and Goldman Sachs Bank USA originated a mezzanine loan (the “640 5th Avenue Mezzanine Loan”) in the amount of $100,000,000, secured by the direct equity ownership in the borrower of the 640 5th Avenue Whole Loan. The borrower under the 640 5th Avenue Mezzanine Loan is required to make monthly payments to the mezzanine lender equal to (x) principal in the amount of approximately $145,833 and (y) the monthly interest payment. The 640 5th Avenue Mezzanine Loan accrues interest at a rate of 11.50000% per annum and is coterminous with the 640 5th Avenue Whole Loan. With respect to Loan No. 9, Country View Apartments, future mezzanine debt is permitted, subject to the satisfaction of certain conditions including, among others, (i) immediately after giving effect to such debt (x) the combined loan-to-value ratio does not exceed 67.4% and (y) the debt service coverage ratio is equal to or greater than 1.19x, (ii) execution of a subordination and intercreditor agreement reasonably acceptable to the lender and (iii) receipt of a rating agency confirmation from each applicable rating agency. |
(14) | The Underwritten NOI DSCR (x), Underwritten NCF DSCR (x), Whole Loan Underwritten NCF DSCR (x) and Total Debt Underwritten NCF DSCR (x) for all partial interest-only mortgage loans were calculated based on the first 12 principal and interest payments after the Origination Date during the term of the mortgage loan. With respect to Loan No. 18, Kenwood Towne Centre, the Underwritten NOI DSCR (x) and Underwritten NCF DSCR (x) do not include the non-collateral Nordstrom space. With respect to Loan No. 26, 2460 White Plains Road & 708 Mace Avenue, the Underwritten NOI DSCR (x), Underwritten NCF DSCR (x), Underwritten NOI Debt Yield (%) and Underwritten NCF Debt Yield (%), which equal 1.42x, 1.41x, 9.9% and 9.8%, respectively, assume a stabilized underwritten economic vacancy of 3.1%, giving credit to rent payments due under the three unleased units that are currently subject to a master lease, versus an in-place economic vacancy of 8.5%. Assuming the in-place economic vacancy, the Underwritten NOI DSCR (x), the Underwritten NCF DSCR (x), the Underwritten NOI Debt Yield (%) and the Underwritten NCF Debt Yield (%) would be 1.33x, 1.32x, 9.3% and 9.2%, respectively. The mortgage loan was structured to include a $200,000 rent reserve to be released to the borrower, upon the satisfaction of certain conditions, including, but not limited to, (i) no event of default under the mortgage loan then exists, (ii) the borrower has provided a certified rent roll with 100% occupancy, (iii) the borrower has provided the executed leases for the three unleased units and (iv) the DSCR (based on trailing one-month income, annualized, and underwritten expenses) is greater than or equal to 1.40x. |
(15) | In certain cases, Underwritten TI / LC ($) is inclusive of certain credits for upfront reserves taken at closing. With respect to Loan No. 13, Crescent Center, a $100,000 credit to tenant improvements and leasing commissions has been underwritten, reflecting 1/5th of the TI/LC deposit at origination. With respect to Loan No. 22, Hooksett Village, a $80,000 credit to tenant improvements and leasing |
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commission has been underwritten reflecting approximately 1/10th of the TI/LC deposits at origination. With respect to Loan No. 29, Citrus Center, a $60,000 credit to tenant improvements and leasing commission has been underwritten reflecting 1/5th of the TI/LC deposits at origination. | |
(16) | With respect to some mortgage loans, historical financial information may not be available as a result of acquisition financing and/or recent construction. With respect to Loan No. 1, GNL Industrial Portfolio, the fourth most recent revenue is unavailable because the GNL Industrial Portfolio mortgaged properties were acquired by the borrower sponsor on various dates between 2014 and 2020. With respect to Loan No. 2, Champion MSU Student Housing Portfolio, the mortgaged properties were closed for renovations during the 2022-23 school year, and post-renovation operations began in August of 2023, coinciding with the start of the 2023-24 school year. Accordingly, historical cash flows are not applicable. Most Recent NOI consists of NOI for the month of February 2024, annualized. With respect to Loan No. 3, 620 W 153rd Street, historical financial information is not available because the improvements were completed in 2023. With respect to Loan No. 17, Lofts at Dallas Mill, historical cash flows prior to the trailing 12 months ended March 31, 2024 are not available as the mortgaged property was built in 2023. With respect to Loan No. 23, 637 E 223rd Street, historical financial information is not available because the mortgaged property was built in 2023. With respect to Loan No. 26, 2460 White Plains Road & 708 Mace Avenue, historical financial information prior to the trailing-six months ending March 31, 2024 is not available as the mortgaged property was re-developed in 2023. With respect to Loan No. 30, 152 Geary Street, historical financial information is not available due to the triple-net nature of the single-tenant lease at the mortgaged property. With respect to Loan No. 31, Toobian NY Portfolio, historical financial information prior to the trailing-four months ending April 30, 2024 for the 235, 239 and 241 East 39th Street mortgaged property is not available as the mortgaged property was acquired in December 2023. With respect to Loan No. 33, Western Falcon, historical financial information prior to 2023 is not available as the borrower did not provide such information since the mortgaged property is a single tenant property subject to a triple-net lease with the related tenant. With respect to Loan No. 35, Centurion Union Phase III, historical financial information is not available as the mortgaged property was built in 2024. With respect to Loan No. 37, Country Place Apartments, after acquiring the mortgaged property in 2020, the borrower sponsor renovated 115 of the units. These renovations carried over into 2021 through March 2023. With respect to Loan No. 39, Griffin Capital Plaza, Fourth Most Recent cash flows are not available as the borrower sponsor was not required to provide more than three years of historical operating statements. |
With respect to Loan No. 40, 322 Graham Avenue, historical financial information is not available as the mortgaged property was built in 2022 and completed leasing up in the fourth quarter of 2023. |
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With respect to Loan No. 42, 2 Palmer Terrace, the Fourth Most Recent NOI represents the trailing-eight months ending December 31, 2021 as the mortgaged property was acquired in April 2021. With respect to Loan No. 46, Anchor MHC and Tropical Circle MHC Portfolio, the mortgaged properties were historically operated as one mortgaged property. As such, historical financial information is presented at only the portfolio level. With respect to Loan No. 49, All Purpose Storage Burlington, the mortgaged property was acquired in October 2022. The 2022 financial information reflects prior ownership operations for the fiscal year ending May 2022. With respect to Loan No. 50, The Riley – 880 Manhattan Avenue, historical financials are unavailable as the mortgaged property was fully renovated in 2023. | |
(17) | With respect to Loan No. 5, University Pointe, the mortgaged property is subject to a ground lease between Nob Hill Partners, LLC, a co-borrower as landlord, and Broward Student Housing, LLC, a co-borrower as tenant. With respect to Loan No. 7, 640 5th Avenue, a prior owner of the mortgaged property ground leased the mortgaged property to the owner of the property located at 650 5th Avenue (the “Air Rights Tenant”), who subleased the mortgaged property (other than other than development rights relating to the West 52nd Street building, which was retained by the Air Rights Tenant) back to such prior owner of the mortgaged property, solely for the purpose of satisfying certain zoning requirements in connection with the transfer of such development rights to the Air Rights Tenant. With respect to Loan No. 24, Town & Country Plaza, the mortgaged property is situated on six parcels totaling approximately 21.29 acres. The borrower’s interest in two of the six parcels is a leasehold, which are owned by two separate ground lessors, Gold Giant, LTD and N. Cefalu Company, Inc., while the remaining parcels are owned in fee. The borrower’s ground lease with Gold Giant, LTD encompasses 0.47 acres on the mortgaged property (the “Gold Ground Lease”) and has 13, five-year extension options remaining. The current term of the Gold Ground Lease expires on February 3, 2053 (February 3, 2098 with extensions). The borrower currently pays $5,000 in ground rent annually. Increases are based on the cumulative consumer price index over the prior five-year period. The borrower’s ground lease with N. Cefalu Company, Inc. encompasses six acres of the mortgaged property (the “Cefalu Ground Lease”) and has four, 15-year renewal options remaining. The current term of the Cefalu Ground Lease expires on July 31, 2045 (July 31, 2090 with extensions). The borrower is currently paying $30,000 in rent annually with a $2,400 annual increase per option. |
(18) | Represents the amount deposited by the borrower at origination. All or a portion of this amount may have been released pursuant to the terms of the related mortgage loan documents. |
(19) | Represents the monthly amounts required to be deposited by the borrower. The monthly collected amounts may be increased or decreased pursuant to the terms of the related mortgage loan documents. In certain other cases, all excess cash flow will be swept into reserve accounts in the event of certain conditions being triggered in the respective mortgage loan documents. With respect to Loan No. 1, GNL Industrial Portfolio, during the continuance of a cash sweep period, the borrowers are required to deposit into an account for repairs and replacements, on a monthly basis, an amount equal to 1/12th of $0.15 multiplied by the total number of rentable square feet. In the event of a partial release, the monthly deposit will be reduced by an amount equal to 1/12th of the product obtained by multiplying $0.15 by the total number of rentable square feet of the individual mortgaged property that |
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is subject of such partial release. With respect to Loan No. 1, GNL Industrial Portfolio, during a cash sweep period, the borrowers are required to deposit into a reserve for tenant improvements and leasing commissions, on a monthly basis, an amount equal to 1/12th of $0.25 multiplied by the total number of rentable square feet. In the event of a partial release, the monthly deposit will be reduced by an amount equal to 1/12th of the product obtained by multiplying $0.25 by the total number of rentable square feet of the individual mortgaged property that is subject of such partial release. With respect to Loan No. 7, 640 5th Avenue, during a trigger period, the borrower is required to deposit into a reserve for capital expenditures, on a monthly basis, approximately $8,134 for the payment or reimbursement of approved capital expenses. Such monthly deposits will not be required during such time that the balance of the capital expense reserve exceeds approximately $195,217. With respect to Loan No. 13, Crescent Center, if the balance in the Simmons Bank free rent reserve is less than $475,750 on October 1, 2025, then the borrower is required to deposit the amount necessary to cause the balance of funds in the reserve account to equal $475,750. With respect to Loan No. 14, ASC Business Park, if Mid-Atlantic Patient Accounts Center (“MACPAC”), or a replacement tenant leasing MACPAC’s premises at the mortgaged property, elects to downsize the amount of space it leases at the mortgaged property and the DSCR is less than 1.35x (an “Anchor Tenant Premises Reduction Trigger Event”), then the borrower is required to deposit an amount equal to (i) the annual rent payable pursuant to such anchor tenant’s lease immediately prior to the occurrence of an Anchor Tenant Premises Reduction Trigger Event less (ii) the annual rent payable pursuant to such anchor tenant’s lease following the occurrence of an Anchor Tenant Premises Reduction Trigger Event, as determined by the lender, and will be required to make such deposit on an annual basis thereafter until the DSCR is greater than 1.40x. With respect to Loan No. 14, ASC Business Park, on each monthly payment date during the occurrence of certain events with respect to MACPAC, or a replacement tenant leasing MACPAC’s premises at the mortgaged property, and inclusive of the period in which a cure is undertaken, in accordance with the mortgage loan documents, the borrower is required to deposit either (i) an amount equal to the excess cash flow generated by the mortgaged property for the immediately preceding interest accrual period or (ii) to the extent the borrower has so elected, a monthly deposit amount of $79,000. With respect to Loan No. 18, Kenwood Towne Centre, during the continuance of a reserve trigger period or cash management period, on each monthly payment date thereafter, the borrower is required to escrow approximately $21,524 for monthly replacement reserves. With respect to Loan No. 18, Kenwood Towne Centre, during the continuance of an anchor trigger event, on each monthly payment date, the borrower is required to escrow an amount equal to the anchor reserve monthly deposit for tenant improvements and leasing commissions, construction costs, required landlord work and other related costs associated with re-tenanting the applicable space or any other space at the mortgaged property. | |
With respect to Loan No. 18, Kenwood Towne Centre, during the continuance of a reserve trigger period or cash management period, the borrower is required to deposit, on a monthly basis, (A) 1/12th of the taxes and (B) 1/12th of the insurance premiums that the lender reasonably estimates will be payable during the next ensuing 12 months. With respect to the insurance reserve deposits, the lender will waive the requirements for insurance deposits if the borrower maintains insurance pursuant to a blanket policy and premiums have been paid for one year in advance or through the term of coverage if less than one year. All funds remaining in the tax and insurance escrow fund will be returned to the borrower upon the earliest to occur of (i) payment in full of the debt, (ii) a defeasance event or (iii) the termination of a reserve |
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management period or cash management period (provided no event of default has occurred and is continuing). With respect to Loan No. 21, 48 E 57th Street, taxes and other charges will not be applicable, until and unless (i) the jeweler tenant’s failure to pay before delinquency any taxes and other charges, (ii) the lender having to receive from the borrower evidence of the payment of any taxes and other charges before delinquency or (iii) the event of default. With respect to Loan No. 24, Town & Country Plaza, during the continuance of a Significant Tenant Trigger Period (as defined in the mortgage loan documents), the borrower is required to deposit all excess cash flow to be held by the lender in a reserve account for the re-tenanting costs incurred with re-tenanting the related significant tenant space. With respect to Loan No. 27, The Pointe & Oak Shadows, on a monthly basis through and including the payment date in May 2026, the borrowers are required to escrow $29,167 for replacement reserves ($500 per unit annually). Commencing on the payment date in June 2026, the borrowers are required to escrow $14,583 each month for replacement reserve ($250 per unit annually). With respect to Loan No. 28, 55 Pharr, on each monthly payment date during any period, beginning on the last day of any quarter where the DSCR is less than 1.10x and ending on the last day of any quarter thereafter in which the DSCR is at least 1.15x for two consecutive quarters (a “Low DSCR Period”), which would otherwise (if such deposit had not been made) have been a Low DSCR Period, the borrower is required to deposit $9,200 into a low DSCR avoidance reserve. In lieu of a monthly deposit, the borrower is permitted to instead provide the lender with a letter of credit in an amount equal to $110,400 once every 12th payment date during a period of time that would have otherwise (if such deposit had not been made) have been a Low DSCR Period. With respect to Loan No. 28, 55 Pharr, on each monthly payment date, the borrower is required to deposit 1/12th of the condominium charges that the lender estimates will be payable during the next ensuing 12 months in order to accumulate with the lender sufficient funds to pay all such condominium charges at least 30 days prior to their respective due dates. Notwithstanding the foregoing, the borrower will not be obligated to deposit with the lender such deposit for the monthly condominium charges so long as (x) no event of default is continuing and (y) the borrower has timely paid all condominium charges on or before the time such are due, provided that the borrower has provided evidence thereof reasonably acceptable to the lender. With respect to Loan No. 39, Griffin Capital Plaza, on each payment date that the balance of the rollover reserve subaccount is less than $163,194, the borrower will be required to deposit an amount initially equal to 1/12th of the product obtained by multiplying $1.20 by the aggregate number of rentable square feet of space at the mortgaged property (initially $2,719.80 per month) into the rollover reserve subaccount. | |
With respect to Loan No. 39, Griffin Capital Plaza, the borrower is not required to make monthly deposits into the tax and insurance subaccount for insurance premiums associated with any insurance coverage carried under a blanket insurance policy pursuant to the Griffin Capital Plaza mortgage loan documents so long as (i) no event of default has occurred and is continuing and (ii) the borrower provides the lender timely evidence of payment of all such insurance premiums. With respect to Loan No. 42, 2 Palmer Terrace, during the continuance of a Major Tenant Event Period (as defined in the mortgage loan documents), the borrower is required to deposit $18,280 monthly to be held by the lender in a reserve account for the re-tenanting costs incurred with re-tenanting the related major tenant space. |
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(20) | Represents a cap on the amount required to be deposited by the borrower pursuant to the related mortgage loan documents. In certain cases, during the term of the mortgage loan, the caps may be altered or terminated subject to conditions of the respective mortgage loan documents. With respect to Loan No. 11, Bedrock Mixed-Use Portfolio, the borrower is required to deposit for replacement reserves on a monthly basis an amount equal to the lesser of (x) $75,000 and (y) the difference between the amount then on deposit in the rollover reserve account and $3,000,000. With respect to Loan No. 14, ASC Business Park, the borrower is required to deposit $2,083.33 into an environmental remediation reserve on a monthly basis. Provided that no event of default is continuing, the borrower is not required to make the monthly deposit with the lender so long as the balance of environmental remediation reserve funds on deposit is equal to or greater than $125,000. With respect to Loan No. 14, ASC Business Park, the rollover reserve account is subject to a monthly cap of $297,000. The upfront rollover deposit of $500,000 does not apply towards the capped amount. With respect to Loan No. 18, Kenwood Towne Centre, during the continuance of a reserve trigger period or cash management period, the borrower is required to deposit with the lender on each monthly payment date an amount equal to $21,524 for replacement reserves. In the event the replacement reserve funds balance is equal to or greater than $516,571 (the “Reserve Cap”), the borrower will not be required to pay to the lender the replacement reserve monthly deposit; provided, however, that upon such time as the balance of funds then contained in the replacement reserve has been reduced to an amount less than the Reserve Cap, the borrower will be required to recommence paying to the lender the replacement reserve monthly deposit until such time as the replacement reserve funds balance is equal to or greater than the Reserve Cap. With respect to Loan No. 18, Kenwood Towne Centre, the borrower is required to deposit monthly into the TI/LC reserve account an amount equal to $129,142.63 if the balance of the TI/LC reserve account is less than $3,099,423, until the amounts on deposit in the TI/LC reserve account are equal to or exceed $3,099,423. The upfront existing TI/LC amount of $3,732,395 does not apply towards the capped amount. With respect to Loan No. 24, Town & Country Plaza, on a monthly basis, the borrower is required to escrow $9,716 for tenant improvements and leasing conditions. The reserve is subject to a cap of $500,000. The ongoing TI/LC reserve is currently suspended. With respect to Loan No. 30, 152 Geary Street, on a monthly basis, the borrower is required to escrow $95.83 for replacement reserves. The reserve is subject to a cap of $2,875. The ongoing replacement reserve is currently suspended. |
(21) | In certain cases, the data for tenants occupying multiple spaces includes square footage only from the primary spaces sharing the same expiration date and may not include smaller spaces with different expiration dates. With respect to Loan No. 14, ASC Business Park, the Fourth Largest Tenant, Uplifting Deals, leases 35,242 square feet that expires on July 31, 2029, and 6,599 square feet that expires on January 31, 2025. With respect to Loan No. 19, Wateridge, the Largest Tenant, Crystal Stairs, leases 101,938 square feet of office space that expires on April 15, 2030, and 7,948 square feet of office space that expires on October 31, 2024. |
(22) | With respect to the footnotes hereto, no footnotes have been provided with respect to tenants that are not among the five largest tenants by square footage for any mortgaged property. |
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(23) | The lease expirations shown are based on full lease terms; however, in some instances, the tenant may have the option to terminate its lease with respect to all or a portion of its leased space prior to the expiration date shown. 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 subject lease. With respect to Loan No. 1, GNL Industrial Portfolio, Grupo Antolin, the sole tenant at the Grupo Antolin - Shelby Township, MI mortgaged property, has a one-time right to terminate its lease, effective as of the last day of the 138th month of the lease term, April 2029, by providing the related borrower written notice of such termination no later than the 126th month of the lease term, April 2028. With respect to Loan No. 1, GNL Industrial Portfolio, ZF Active Safety, the sole tenant at the ZF Active Safety - Findlay, OH mortgaged property, has the right to terminate its lease, effective as of the last day of the 120th month of the lease term, September 2028, subject to providing no less than 12 months’ prior written notice to the related borrower and payment equal to the net present value of all remaining rent for the remainder of the initial lease term calculated using an interest rate of 5% concurrently with delivery of such notice. With respect to Loan No. 1, GNL Industrial Portfolio, A.M. Castle & Co, the sole tenant at the AM Castle - Wichita, KS mortgaged property, has the right to terminate its lease, effective as of the last day of the 120th month of the lease term, October 2024, subject to providing no less than 180 days’ prior written notice to the related borrower and payment of a termination fee. With respect to Loan No. 4, 1640 Sepulveda, the Largest Tenant, Therabody, Inc., may cancel its lease as of the last day of the 66th lease month once the tenant has accepted possession, by delivering written notice to the landlord at least 12 full calendar months before the cancellation date and payment of a cancellation fee equal to the amount that would be outstanding on a hypothetical loan on the cancellation date assuming (1) an original principal balance equal to the leasing costs, all leasing commissions and allowances, including the construction allowance, incurred by the landlord in connection with leasing space to the tenant, (2) an interest rate of 6% per annum, (3) the loan is payable in equal monthly installments of principal and interest, beginning on the commencement date and ending on the first day of the last scheduled month of the term, assuming the lease had not been cancelled, and (4) all payments were made before the cancellation date. With respect to Loan No. 4, 1640 Sepulveda, the Third Largest Tenant, Peter Millar, may cancel its lease with respect to 8,245 square feet, effective December 31, 2026, by delivering written notice to the landlord at least 12 full calendar months before the cancellation date and payment of a cancellation fee equal the sum of (1) 12 full calendar months of gross rent at the rate payable immediately following the cancellation effective date, assuming, for the purposes of such calculation, that the lease had not been cancelled by the tenant, and (2) the amount that would be outstanding on a hypothetical loan on the cancellation date assuming (A) an original principal balance equal to the leasing costs, (B) an interest rate of 8% per annum, (C) the loan is payable in equal monthly installments of principal and interest, beginning on the first day of the first full calendar month of the term after the expiration of any applicable rent abatement periods and ending on the first day of the last scheduled month of the lease term, assuming the lease had not been cancelled, and (D) all payments were made before the cancellation date. With respect to Loan No. 4, 1640 Sepulveda, the Fifth Largest Tenant, Link Entertainment, may cancel its lease as of February 28, 2027 by delivering written notice to the landlord at least 12 full calendar months before the cancellation date and payment of a cancellation fee equal the sum of (1) three full calendar months of basic rent at the rate payable immediately following the cancellation effective date and (2) the amount that would be outstanding on a hypothetical loan on the cancellation date assuming (A) an original principal balance equal to the leasing costs, (B) an interest rate of 10% per annum, (C) the loan is payable in equal monthly installments of principal and interest, beginning on the first day of the first full calendar month of the term after the expiration of any applicable rent abatement periods and ending on the first day of the last scheduled month of the term and (D) all payments were made before the cancellation date. |
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With respect to Loan No. 7, 640 5th Avenue, the Third Largest Tenant, The Klein Group LLC, has a two-time right to terminate its lease, effective either December 31, 2027 or December 31, 2029, subject to, among other things, providing notice to the borrower no later than one year before the effective date of each such termination right, satisfaction of certain minimum occupancy and demise requirements under the lease, no event of default has occurred and is continuing under the lease and the payment of a termination fee. Additionally, the Fifth Largest Tenant, Buchanan Ingersoll & Rooney, has a one-time right to terminate its lease, effective January 2, 2026, subject to providing notice to the borrower no later than November 8, 2024 and the payment of a termination fee. With respect to Loan No. 13, Crescent Center, the Largest Tenant, Butler Snow LLP, representing approximately 15.6% of total net rentable square footage, has a one-time right, effective between September 1, 2027 and September 1, 2028, to reduce its space by up to 14,949 square feet located on the fourth floor, with 365 days’ notice and payment of a fee equal to three months’ rent and unamortized tenant improvement costs. With respect to Loan No. 13, Crescent Center, the Second Largest Tenant, Simmons Bank, representing approximately 12.4% of total net rentable square footage, may terminate its lease with respect to 5,531 square feet located on the first floor, effective August 31, 2028 with nine months’ prior notice. With respect to Loan No. 13, Crescent Center, the Third Largest Tenant, Benefit Recovery Group, LLC, representing approximately 5.6% of total net rentable square footage, may terminate its lease effective January 1, 2031 with nine months’ prior notice. With respect to Loan No. 14, ASC Business Park, the Third Largest Tenant, MACPAC, has the option to reduce its leased premises by providing at least 30 days’ written notice. With respect to Loan No. 18, Kenwood Towne Centre, the Second Largest Tenant, Dillard’s, has a one-time option to surrender its expansion premises of approximately 90,000 square feet. With respect to Loan No. 19, Wateridge, the Largest Tenant, Crystal Stairs, has the option to terminate its lease on September 30, 2027 upon 8 months’ written notice and payment of a termination fee equal to the unamortized portions of tenant improvement allowance that has not been disbursed, lease commissions and abated rent amount at a 5% interest rate. The termination option applies to 101,938 of the total 109,886 square footage (approximately 93%). Crystal Stairs also has a one-time contraction option, until September 30, 2024, to reduce the square footage of its’ space on the first floor of the mortgaged property, which is approximately 9,500 square feet. With respect to Loan No. 19, Wateridge, the Second Largest Tenant, County of Los Angeles, has a one-time right to terminate its lease on December 31, 2029 with at least nine months’ written notice and payment of a termination fee equal to $1,500,000. With respect to Loan No. 19, Wateridge, the Fourth Largest Tenant, Providence Health, has a one-time right to terminate its lease on November 1, 2025 with nine months’ written notice and a termination fee equal to three months of base rent and additional rent at rates payable at termination, any and all lease commissions paid to brokers and amounts paid by the landlord for tenant improvements and initial improvements. With respect to Loan No. 19, Wateridge, the Fifth Largest Tenant, ARINC, has the option to terminate its lease on April 1, 2027 with written notice prior to April 1, 2026 and a termination payment equal to the unamortized portions of abated rent, lease commissions paid to brokers and landlord construction payments calculated at a 4% interest rate. |
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With respect to Loan No. 20, 1099 New York Avenue, the Largest Tenant, Jenner & Block, LLP, has a one-time option to terminate (x) its entire lease or (y) one full floor of the premise, effective as of June 1, 2031, provided that the tenant (i) gives the landlord 18 months prior written notice, (ii) is not in default, beyond all grace, notice and cure periods at the time of the giving of such notice or on June 1, 2031 and (iii) makes payment of a termination fee of approximately $8.6 million. If the tenant elects only to terminate as to one full floor, the termination fee will be pro-rated to reflect the costs associated with the floor being terminated. With respect to Loan No. 20, 1099 New York Avenue, the Second Largest Tenant, Medialinks TV, LLC, has a one-time option to terminate the lease, effective as of March 31, 2028, provided that the tenant (i) gives the landlord 18 months prior written notice, (ii) is not in default, beyond all grace, notice and cure periods at the time of the giving of such notice or on March 31, 2028 and (iii) makes payment of a termination fee of approximately $6.9 million. With respect to Loan No. 20, 1099 New York Avenue, the Fourth Largest Tenant, Bruch Law Group PLLC, has the option to terminate the lease, effective as of December 31, 2026, provided that the tenant (i) gives the landlord notice on or prior to October 31, 2025 and (ii) makes payment of a termination fee on or before December 31, 2026 pursuant to the related leases. With respect to Loan No. 22, Hooksett Village, the Fifth Largest tenant, American Freight, has a one-time right to terminate its lease, effective 90 days after written notice, if the tenant’s gross sales between August 31, 2027 and July 31, 2028, are less than $2,500,000. With respect to Loan No. 50, The Riley – 880 Manhattan Avenue, the Largest tenant, Ivy Physical Therapy, has the right to terminate its lease at any time following July 1, 2028 upon no less than three months’ written notice. | |
(24) | With respect to Loan No. 7, 640 5th Avenue, the non-recourse carveout guarantor’s recourse obligations with respect to bankruptcy or insolvency related events is capped at 25% of the outstanding principal balance of the 640 5th Avenue Whole Loan, plus the lender’s enforcement costs under the guaranty (including, reasonable attorneys’ fees). Additionally, recourse for losses relating to a transfer of the related mortgaged property or interests in the borrower is limited to voluntary transfers of all or any material portion of the such mortgaged property (or any direct or indirect interest therein) or any direct or indirect interest in the borrower that results in the borrower ceasing to be controlled, directly or indirectly, by either (i) Vornado Realty L.P., (ii) Vornado Realty Trust, (iii) Crown Jewel Partners LLC and/or (iv)(a) a person that has a net worth (exclusive of the value of the mortgaged property and any liabilities associated therewith), determined as of a date no more than six months prior to the date of the relevant transfer, of at least $400,000,000, or (b) is a person in which more than 20% of the ownership interests are owned directly or indirectly by, and is controlled by, any one or more persons described in the forgoing clause (iv)(a), in either case, in violation of the 640 5th Avenue Whole Loan documents. With respect to Loan No. 8, 28-40 West 23rd Street, there is no non-recourse carveout guarantor or environmental indemnitor separate from the borrower. The borrower is the sole party responsible for any breaches of the non-recourse carveout provisions under the 28-40 West 23rd Street Whole Loan documents and any liabilities incurred under the environmental indemnity agreement as applicable. With respect to Loan No. 12, Syngenta Woodland, two of the three non-recourse carveout guarantors, Blue Owl Real Estate Fund VI LP and Blue Owl Real Estate Fund VI (A) LP are closed-end investment funds, each of which has a term of seven years, terminating on December 31, 2029, with the option to extend for two additional years. With respect to Loan No. 19, Wateridge, there is no non-recourse carveout guarantor or environmental indemnitor separate from the borrower. The borrower is the sole party responsible for any breaches of the |
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non-recourse carveout provisions under the Wateridge Whole Loan documents and any liabilities incurred under the environmental indemnity agreement as applicable. With respect to Loan No. 34, Stor-More-Laredo Self Storage, the guarantor, Palatine Real Estate Fund III, LP (the “Stor-More Guarantor”), is an investment fund that is scheduled to terminate in June 2028 (the “Expiration Date”). However, extension options exist that could potentially push the Expiration Date to 2030. Under the mortgage loan documents, the Stor-More Guarantor must maintain a net worth of at least $10,350,000 and possess liquid assets of $1,035,000 (the “Guarantor Financial Tests”). Pursuant to the mortgage loan documents, the borrower is required to replace the Stor-More Guarantor with a replacement guarantor that meets the Guarantor Financial Tests (unless the fund is extended beyond the term of the related mortgage moan). Moreover, pursuant to the mortgage loan documents, the borrower will be in immediate default if, on the Expiration Date, it fails to satisfy the replacement guarantor conditions in the mortgage loan documents. | |
(25) | Each letter identifies a group of related borrowers. |
(26) | The classification of the lockbox types is described in the preliminary prospectus. See “Description of the Mortgage Pool—Certain Calculations and Definitions” and “—Definitions” in the preliminary prospectus for further details. With respect to Loan No. 45, MIC St. Louis & Memphis, the mortgage loan is structured such that the lockbox and cash management account are combined into one account represented by the cash management account. There are currently no leases in place at the mortgaged properties, and operations are instead governed by management agreements. So long as there are no leases in place, the cash management structure mimics a soft lockbox and in-place cash management where the borrower or manager are required to deposit, within one business day of receipt, all revenue into the cash management account. If leases are executed at any time, the borrower is required to deliver tenant direction letters to all tenants to deliver rents directly to the cash management account. |
(27) | With respect to Loan No. 1, GNL Industrial Portfolio, The CSTK - St. Louis, MO mortgaged property is subject to tax increment financing (“TIF”) in which the City of St. Louis, Missouri issued bonds and reimbursed the prior owner for costs expended to develop the related mortgaged property before the related borrower acquired it in 2020. The city services those bond payments through tax increment and payment in lieu of taxes (“PILOT”) payments collected from the borrower. The TIF structure does not create any additional or ongoing obligations on the part of the related borrower or the related mortgaged property (other than the PILOT payments). The related borrower is required to make PILOT payments when they become due, and the PILOT program terminates on January 30, 2037. The PILOT payments are equal to the real property taxes that would have been charged had the TIF structure not been in place. The lender underwrote the PILOT amount, which does not vary over the term. With respect to Loan No. 3, 620 W 153rd Street, the mortgaged property is subject to a 35-year 421-a tax abatement under the New York City Department of Housing Preservation and Development 421-a tax abatement program that commenced in 2024. In connection with the 421-a tax abatement, the borrower is required to reserve at least 30% (72 units) of the units at the mortgaged property for tenants earning no more than 130% of the area median income, subject to certain rental restrictions. The 421-a tax abatement provides a (i) 100% tax exemption for the first 25 years through 2049 and (ii) 30.25% tax exemption for years 26 through 35, with full taxes commencing at the end of the 35th applicable tax year. The full unabated estimated taxes for the 2024/2025 tax year are $2,646,025 compared to the underwritten abated taxes of $81,474. With respect to Loan No. 9, Country View Apartments, the mortgaged loan is subject to a 10-year payment in lieu of taxes (the “PILOT”) program, which commenced on July 30, 2018 and terminates during the loan term on July 30, 2028. During the PILOT term, the tax assessed value of the Country View Apartments |
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property is “frozen” at $1,028,480 and the PILOT payments are payable in lieu of real estate taxes in an amount equal to the current millage rates of Shelby County and the City of Memphis multiplied by one-half of the “frozen” assessed value. The mortgage loan is recourse for any losses arising from a breach of the PILOT documents and is full recourse if the PILOT documents are amended, modified or terminated without the lender’s prior written consent. With respect to Loan No. 11, Bedrock Mixed-Use Portfolio, the 28 Grand Apartments mortgaged property benefits from a Neighborhood Enterprise Zone tax abatement. The lender underwrote 2024 abated taxes of $167,593. According to the appraisal, 2024 unabated taxes would be $576,446. The appraisal estimated the net present value of the tax abatement to be $3,321,225. The tax abatement expires in 2032 and decreases pursuant to a specified formula during the last three years of the abatement. With respect to Loan No. 15, Philadelphia Multifamily Portfolio, the 2101-2111 North Fairhill Street and 2215 North 7th Street mortgaged properties currently each have 10-year tax abatements in place. 10-year tax abatements are currently pending approval for the 719, 723-727 North 35th Street and 2105 Germantown Avenue mortgaged properties. An upfront tax abatement reserve of $108,618, representing the difference between the abated tax and unabated taxes for the two mortgaged properties pending approval, was held back at origination. With respect to Loan No. 23, 637 E 223rd Street, the mortgaged property has qualified for a 421a tax exemption under the Affordable New York program. By virtue of the approved 35-year 421a exemption, at least 30% of units must be designated as rent stabilized, affordable units and leased to tenants earning not more than 130% of the area median income. The mortgaged property provides 43 units designated as affordable. The real estate taxes for the mortgage loan were underwritten to the 2024 tax liability. | |
With respect to Loan No. 26, 2460 White Plains Road & 708 Mace Avenue, the 2460 White Plains Road portion of the mortgaged property is expected to benefit from a 35-year 421-a tax abatement from the NYC Department of Housing Preservation & Development, and is required to reserve at least 30% of the units for households earning up to 130% of area median income under affordable housing guidelines. The 421-a tax abatement phases out in 2058/2059. The borrower has opted to reserve 96.88% (31 units) of the units at the 2460 White Plains Road portion of the mortgaged property for tenants earning no more than 130% of the area median income. The 421-a tax abatement is expected to provide a (i) 100% tax exemption for the first 25 years and (ii) 96.88% tax exemption for years 26 through 35, with full taxes commencing at the end of the 35th applicable tax year. The 421-a tax abatement is pending approval and the abatement period has not yet started. The full unabated estimated taxes for the 2024/2025 tax year are $178,525 compared to the underwritten taxes of $6,696, which is the sum of the underwritten abated taxes for the 2460 White Plains Road portion of the mortgaged property and the underwritten unabated taxes for the 708 Mace Avenue portion of the mortgaged property. With respect to Loan No. 35, Centurion Union Phase III, the mortgaged property benefits from a 30-year PILOT program with the Township of Union. The annual payment due under the PILOT program, which commenced on January 31, 2024, is based on the annual gross revenue of the mortgaged property, such that: (i) the payment for the first 15 years equals 10% of the annual gross revenue; (ii) the payment for years 16 through 21 equals the greater of 11% of the annual gross revenue or 20% of the taxes that would otherwise be due on the value of the land and improvements; (iii) the payment for years 22 through 27 equals the greater of 11% of the annual gross revenue or 40% of the taxes that would otherwise be due on the value of the market rate units; (iv) the payment for years 28 through 29 equals the greater of 11% of the annual gross revenue or 60% of the taxes that would otherwise be due on the value of the land and improvements; and (v) the payment for year 30 equals the greater of 11% of the annual gross revenue of the market rate units or 80% of the taxes that would otherwise be due on the value of the land and improvements. In addition, such annual payment will include an annual fee equal to 2% of such payment. The full unabated taxes for the 2024-2025 tax year are projected by the appraiser to be $184,923 compared to the underwritten abated taxes of $103,816. |
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With respect to Loan No. 44, Extra Space Storage Chicago Heights, the mortgaged property is subject to a tax incentive program subsidized by Cook County. The incentive allows for qualifying real estate to be assessed at a reduced level for a twelve-year period. For the first 10 years the assessment level is 10%, increasing to 15% in year 11, increasing to 20% in year 12 and returning to the standard 25% thereafter. The tax incentive was recently renewed in 2023 and is again renewable in year 10. Real estate taxes were underwritten based on the appraisal real estate taxes for the 2024-2025 tax year, which give effect to the tax incentive. | |
(28) | With respect to Loan No. 1, GNL Industrial Portfolio, the CF Sauer – 184 Suburban, CF Sauer – 9 Old Mill Road, CF Sauer – 2447 Eunice Avenue, CF Sauer – 39 S Park Dr. and CF Sauer – 513 West Butler Road mortgaged properties are subject to a master lease between ARG CFSRSLB001, LLC, as lessor, and Sauer Brands, Inc., as lessee. With respect to Loan No. 3, 620 W 153rd Street , the borrowers, as landlord, and 180 E 125th Realty LLC, an affiliate of the borrower sponsor, as tenant, have entered into a master lease agreement, dated as of March 28, 2024, for nine vacant market rate units, for a term commencing on April 1, 2024, and continuing through and including the maturity date, at a rental rate equal to $42,000 per month. The master lease rent was included in the calculation of the underwritten net cash flow. With respect to Loan No. 5, University Pointe, the mortgaged property is subject to a master lease for 100 units containing 380 beds (43.3% of beds and 41.3% of underwritten base rent) dated May 18, 2020, between Broward Student Housing, LLC, a co-borrower as lessor, and Nova Southeastern University, Inc. (“NSU”), as lessee, which expires on July 31, 2027. The NSU lease permits the units at the mortgaged property to be terminated as follows: (i) up to 10 units in any year of the master lease term, upon three months’ notice and payment of 30 days’ rent per bed in the terminated unit plus a termination fee of $500 per unit, and (ii) any additional units in such year of the master lease term upon 18 months’ notice. The mortgaged property is also subject to a master lease for 16 units containing 64 beds (7.3% of beds and 7.0% of underwritten base rent) dated July 16, 2021, between Broward Student Housing, LLC, a co-borrower as lessor, and Carnival Cruise Line (“Carnival”), as lessee, which expires on July 31, 2027. The Carnival lease permits Carnival to terminate its lease as follows: (i) prior to August 1, 2025, up to five units may be terminated upon payment of four months’ rent, and six or more units may be terminated only upon full payment of the master lease, (ii) on and after August 1, 2025, up to five units may be terminated upon nine months’ notice with no termination fee, and six or more units may be terminated upon nine months’ notice with a termination fee equal to one-half month of rent, and (iii) after January 1, 2026, up to 12 units may be terminated upon nine months’ notice with a termination fee equal to one-half month of rent, and any additional units may be terminated upon 12 months’ notice with a termination fee equal to one and one-half month of rent. With respect to Loan No. 17, Lofts at Dallas Mill, the mortgaged property is subject to a master lease dated as of July 18, 2023, between the borrower, Dallas Mills Owner, LLC, as lessor, and Alabama Agricultural and Mechanical University, as lessee. The master lease requires the borrower to reserve 57 units (38.5% of total units and 46.3% of underwritten base rent) for a term of three years, which expires on July 18, 2026. Accordingly, such portion of the mortgaged property is operated as student housing. With respect to Loan No. 26, 2460 White Plains Road & 708 Mace Avenue, the borrower sponsor entered into a master lease with the borrower for the three vacant units at the mortgaged property. With respect to Loan No. 35, Centurion Union Phase III, the borrower sponsor entered into a master lease with the borrower for the one vacant commercial unit at the mortgaged property. With respect to Loan No. 39, Griffin Capital Plaza, the mortgaged property is subject to two, 15-year master leases for 100% of building A (13,620 square feet) and the collateral portions of building B (13,578 square |
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feet), respectively, between GCPI, LLC, as lessor, and Griffin Capital Company, LLC, an affiliate of the borrower sponsor, as lessee. | |
(29) | Intentionally left blank. |
(30) | With respect to Loan No. 2, Champion MSU Student Housing Portfolio, as of the origination date, the portfolio was 70.6% pre-leased for the 2024-25 school year. The borrower may obtain the release of all of the $2,400,000 holdback reserve funds upon the mortgaged properties, in the aggregate, achieving either (i) total gross rents, calculated as specified in the mortgage loan documents and, including rents for both the existing school year, to the extent the applicable space is not pre-leased, and as pre-leased for the upcoming school year, that are at least equal to $5,526,890 or (ii) an underwritten net cash flow debt yield, calculated as specified in the mortgage loan documents, of at least 8.85%. If the borrower does not meet the conditions for release of all of the holdback reserve funds, it may obtain a one-time partial release of a portion of such funds based on the proportionate extent to which the total gross rents at the mortgaged properties, in the aggregate, and calculated as described above, have achieved a portion of the increase over the origination date total gross rents that is needed for a full release. If a partial release is obtained, the remaining holdback reserve funds may be released only upon the mortgaged properties, in the aggregate, achieving an underwritten net cash flow debt yield, calculated as specified in the mortgage loan documents, of at least 8.85%. With respect to Loan No. 2, Champion MSU Student Housing Portfolio, a low DSCR trigger period is not tested for until June 30, 2025. With respect to Loan No. 9, Country View Apartments, in connection with a 10-year payment in lieu of taxes (“PILOT”) agreement, the borrowers temporarily transferred fee ownership in the mortgaged property to the Health, Educational and Housing Facility Board of the City of Memphis. At the termination of the PILOT agreement, fee ownership will revert to the borrowers. With respect to Loan No. 11, Bedrock Mixed-Use Portfolio, the Cutoff Balance/Unit and Maturity Balance per Unit represent the total loan amount divided by the 853,067 square feet of commercial space and do not include the multifamily units at the 28 Grand Apartments mortgaged property, The Ferguson Apartments mortgaged property or the Fourteen56 Apartments mortgaged property. With respect to Loan No. 11, Bedrock Mixed-Use Portfolio, the 28 Grand Apartments mortgaged property and the Lofts of Merchant Row mortgaged property are subject to a condominium regime. The 28 Grand Apartments mortgaged property is part of a condominium comprised of (i) a commercial unit, (ii) an affordable unit, (iii) a market unit and (iv) a rooftop unit, and the related borrower owns all units except the affordable unit. The Lofts of Merchant Row mortgaged property is part of a condominium comprised of six units, of which the related borrower owns two units. With respect to Loan No. 12, Syngenta Woodland, the borrower executed a sale-leaseback transaction with Syngenta Seeds LLC, the sole tenant, whereby the borrower acquired the mortgaged property from the tenant and executed a 20-year absolute net lease which includes annual escalations equal to 125% of annual CPI growth, with a floor of 100% and a cap of 104% of the preceding year’s base rent. With respect to Loan No. 28, 55 Pharr, the mortgaged property is part of the 55 Pharr Road Condominium. The condominium is comprised of 126 residential units, of which the borrower owns 123 residential units. With respect to Loan No. 28, 55 Pharr, the borrower has the right to acquire non-owned units (“Non-Owned Unit Acquisition”), A312, C101 and D202, subject to satisfaction of certain conditions set forth in the 55 Pharr mortgage loan documents, including that: (i) no event of default has occurred, (ii) the borrower delivers to the lender written notice at least 10 days prior to such Non-Owned Unit Acquisition, which |
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identifies the non-owned units being acquired and (iii) the borrower does not permit the non-owned units to be acquired by an affiliate of the borrower. | |
With respect to Loan No. 39, Griffin Capital Plaza, the mortgaged property is subject to a master condominium regime comprised of two buildings known as Building A and Building B and a sub-condominium regime comprised of Building B only. The borrower controls the related condominium regimes. Building A (13,620 square feet) is master leased to Griffin Capital Company, LLC, an affiliate of the borrower sponsor, and subleased to another affiliate, Peakstone Realty Trust, through 2026. Building B (17,873 square feet) contains three office suites, two of which (collectively, 13,578 square feet) are part of the mortgaged property and master leased by the borrower to Griffin Capital Company, LLC. The third suite (4,295 square feet) is not part of the mortgaged property and is occupied by Digital Capital Media. |
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