FREE WRITING PROSPECTUS | ||
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REGISTRATION FILE NO.: 333-227446-03 | ||
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Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Property Flag | Footnotes | Loan ID | Property Name | % of Initial Pool Balance | Mortgage Loan Originator(1) | Mortgage Loan Seller(1) | Original Balance | Cut-off Date Balance | Maturity/ARD Balance | Cut-off Date Balance per SF/ Units/Rooms/Pads | Loan Purpose | Sponsor |
Loan | 11 | 1 | Newport Office Center VI | 7.6% | BANA | BANA | $63,500,000 | $63,500,000 | $63,500,000 | $147.59 | Acquisition | iStar Inc. |
Loan | 2 | 350 Rhode Island South | 7.5% | BANA | BANA | $62,500,000 | $62,500,000 | $62,500,000 | $451.61 | Acquisition | PCCP; CalSTRS | |
Loan | 5, 10 | 3 | Tower 28 | 6.7% | MSBNA | MSMCH | $56,000,000 | $56,000,000 | $48,288,592 | $248,888.89 | Refinance | Heatherwood Luxury Rentals |
Loan | 4 | 131 Albright | 6.6% | WFB | WFB | $55,000,000 | $55,000,000 | $55,000,000 | $484.50 | Acquisition | Brett Michael Lipman; Farshid Steve Shokouhi | |
Loan | 12 | 5 | Grand Oaks Business Park | 6.3% | MSBNA | MSMCH | $52,500,000 | $52,362,896 | $43,044,408 | $94.94 | Acquisition | Group RMC Corporation |
Loan | 5, 6 | 6 | ILPT Hawaii Portfolio | 6.0% | MSBNA | MSMCH | $50,000,000 | $50,000,000 | $50,000,000 | $67.77 | Recapitalization | Industrial Logistics Properties Trust |
Loan | 13 | 7 | Vista Village Shopping Center | 5.3% | BANA | BANA | $44,000,000 | $44,000,000 | $44,000,000 | $225.63 | Acquisition | Cherng Family |
Loan | 5, 14 | 8 | Landmark West Loop | 4.8% | MSBNA | MSMCH | $40,000,000 | $40,000,000 | $40,000,000 | $133,333.33 | Refinance | GMS Finance LLC; The Related Companies, L.P. |
Loan | 9, 15, 16 | 9 | Southgate Owners Corp | 3.4% | MSBNA | MSMCH | $28,000,000 | $27,916,043 | $22,297,827 | $69,442.89 | Refinance | N/A |
Loan | 5, 10 | 10 | Great Wolf Lodge Southern California | 3.0% | WFB | WFB | $25,000,000 | $25,000,000 | $25,000,000 | $248,756.22 | Refinance | McWhinney Real Estate Services, Inc.; Chad McWhinney; Troy McWhinney; Great Wolf Resorts, Inc. |
Loan | 11 | Seekonk Crossing | 2.8% | MSBNA | MSMCH | $23,000,000 | $23,000,000 | $23,000,000 | $101.29 | Refinance | Time Equities, Inc. | |
Loan | 12 | Century Towers | 2.5% | BANA | BANA | $20,700,000 | $20,700,000 | $19,245,051 | $67.01 | Acquisition | Tony Shen; Haoyu Wang; Gaocai Chen | |
Loan | 13 | Esplanade Apartments | 2.3% | MSBNA | MSMCH | $19,000,000 | $19,000,000 | $19,000,000 | $97,938.14 | Refinance | WTI Inc. | |
Loan | 14 | Pontiac West Industrial | 2.2% | WFB | WFB | $18,375,000 | $18,355,702 | $15,175,342 | $33.29 | Refinance | Christopher Semarjian; Stuart Lichter | |
Loan | 10 | 15 | Artisan Square | 1.9% | WFB | WFB | $15,500,000 | $15,500,000 | $15,500,000 | $231.30 | Refinance | Ronald G. Froehlich, Jr.; Sherie A. Roberts; Sherie A. Roberts Separate Property Trust; Froehlich Living Trust |
Loan | 16 | Woodlands Village Shopping Center | 1.8% | WFB | WFB | $15,000,000 | $15,000,000 | $12,677,269 | $163.38 | Refinance | Steven Usdan | |
Loan | 17 | 17 | The Village at Eldorado | 1.8% | WFB | WFB | $14,800,000 | $14,800,000 | $14,800,000 | $247.41 | Refinance | Sean Pourteymour |
Loan | 18 | 5850 Hellyer Avenue | 1.8% | WFB | WFB | $14,700,000 | $14,700,000 | $12,763,598 | $133.98 | Acquisition | David B. Dollinger | |
Loan | 18, 19 | 19 | 223 East Town Street Apartments | 1.7% | BANA | BANA | $14,089,000 | $14,089,000 | $13,006,054 | $167,726.19 | Refinance | Guanghui (Stanley) Lan |
Loan | 20 | Mercedes-Benz R&D Building | 1.6% | WFB | WFB | $13,000,000 | $13,000,000 | $13,000,000 | $163.38 | Refinance | David R. Grieve; The David R. and Kathleen M. Grieve Living Trust | |
Loan | 8 | 21 | The Market at Lake Tapps | 1.5% | MSBNA | MSMCH | $12,500,000 | $12,500,000 | $12,500,000 | $160.98 | Acquisition | Michael Jacobs |
Loan | 22 | Downtown Farmington Center | 1.4% | MSBNA | MSMCH | $11,887,500 | $11,857,453 | $9,809,990 | $123.27 | Acquisition | Kenneth Levy | |
Loan | 23 | Stonewater Place Apartments | 1.4% | BANA | BANA | $11,500,000 | $11,500,000 | $10,251,382 | $95,833.33 | Acquisition | John S. Newsome; John H. Stewart | |
Loan | 20 | 24 | Augusta Woods Plaza | 1.4% | WFB | WFB | $11,421,000 | $11,421,000 | $11,421,000 | $238.77 | Refinance | Mark J. Coleman |
Loan | 6 | 25 | Montana and Mentone Apartments Portfolio | 1.3% | BANA | BANA | $11,000,000 | $11,000,000 | $11,000,000 | $224,489.80 | Refinance | SPL International, Inc. |
Property | 25.01 | 12340 Montana Avenue | 0.7% | BANA | $5,983,373 | $5,983,373 | $5,983,373 | |||||
Property | 25.02 | 3445 Mentone Avenue | 0.6% | BANA | $5,016,627 | $5,016,627 | $5,016,627 | |||||
Loan | 26 | Northpoint Shopping Center | 1.3% | WFB | WFB | $11,000,000 | $11,000,000 | $11,000,000 | $99.06 | Acquisition | Alto Fund III | |
Loan | 27 | Olde Mill Plaza | 1.2% | MSBNA | MSMCH | $10,125,000 | $10,125,000 | $8,678,249 | $95.66 | Acquisition | Ernest W. Livingston, JR. | |
Loan | 5, 6, 7, 9, 21 | 28 | Residence Inn National Portfolio | 1.2% | MSBNA | MSMCH | $10,000,000 | $10,000,000 | $9,192,798 | $78,495.76 | Acquisition | PEG Development; Argosy Real Estate Partners |
Property | 28.01 | Residence Inn Boulder | 0.4% | MSBNA | $3,266,667 | $3,266,667 | $3,002,981 | |||||
Property | 28.02 | Residence Inn Atlanta Buckhead | 0.3% | MSBNA | $2,743,590 | $2,743,590 | $2,522,127 | |||||
Property | 28.03 | Residence Inn Dallas Las Colinas | 0.3% | MSBNA | $2,226,181 | $2,226,181 | $2,046,483 | |||||
Property | 28.04 | Residence Inn Philadelphia Valley Forge | 0.2% | MSBNA | $1,763,563 | $1,763,563 | $1,621,208 | |||||
Loan | 29 | Lowell Medical Office | 0.9% | WFB | WFB | $7,600,000 | $7,592,150 | $6,290,777 | $197.71 | Acquisition | Robert Pardo | |
Loan | 30 | Hillcrest Apartments | 0.9% | BANA | BANA | $7,250,000 | $7,250,000 | $6,830,188 | $67,129.63 | Refinance | Frank T. Sinito; Malisse Sinito | |
Loan | 31 | Lovejoy Village | 0.8% | MSBNA | MSMCH | $6,843,750 | $6,836,477 | $5,642,886 | $78.80 | Acquisition | Kenneth Levy | |
Loan | 6, 10 | 32 | Covington Self Storage Portfolio | 0.8% | BANA | BANA | $6,750,000 | $6,750,000 | $6,017,272 | $63.41 | Refinance | Kenneth Tomayko; Barbara Tomayko |
Property | 32.01 | Budget Self Storage | 0.4% | BANA | $3,595,109 | $3,595,109 | $3,204,851 | |||||
Property | 32.02 | Covington Stor-It | 0.4% | BANA | $3,154,891 | $3,154,891 | $2,812,421 | |||||
Loan | 33 | Commercial Drive Retail Center | 0.8% | BANA | BANA | $6,500,000 | $6,478,117 | $4,928,836 | $35.31 | Refinance | Richard M. Cohen Revocable Trust dated May 16,1996 | |
Loan | 34 | South Philly Plaza | 0.7% | MSBNA | MSMCH | $5,800,000 | $5,794,387 | $4,842,077 | $170.16 | Refinance | Isaac Gindi | |
Loan | 22 | 35 | Nike East LA | 0.7% | BANA | BANA | $5,600,000 | $5,600,000 | $5,600,000 | $288.66 | Acquisition | Josef Chehbar |
Loan | 36 | Tree Lane Portfolio | 0.6% | WFB | WFB | $5,400,000 | $5,400,000 | $4,713,701 | $162.39 | Acquisition | Benjamin D. Sheridan; Ted L. Barr; Joseph G. Greulich | |
Loan | 37 | Walgreens Pharmacy - Park Ridge | 0.6% | WFB | WFB | $5,250,000 | $5,250,000 | $5,250,000 | $339.67 | Acquisition | Marilynn M. Gantz; Rancho Pacific Trust | |
Loan | 38 | Airship Self Storage - NJ | 0.5% | WFB | WFB | $4,425,000 | $4,425,000 | $4,425,000 | $107.70 | Refinance | Jacob Ramage | |
Loan | 39 | Walgreens Broadway Everett | 0.5% | MSBNA | MSMCH | $4,300,000 | $4,300,000 | $4,300,000 | $312.73 | Refinance | Myles P. Friel | |
Loan | 40 | AAA Self Storage 20 | 0.5% | MSBNA | MSMCH | $4,250,000 | $4,250,000 | $3,920,721 | $70.52 | Refinance | Stephen C. Austin; Sean P. Jones | |
Loan | 41 | CVS Audubon PA | 0.5% | MSBNA | MSMCH | $4,000,000 | $4,000,000 | $4,000,000 | $334.17 | Refinance | Maurice Grosby | |
Loan | 42 | Bentwood Apartments | 0.5% | BANA | BANA | $4,000,000 | $4,000,000 | $3,631,442 | $43,010.75 | Refinance | John S. Newsome; Michael J. Doyle | |
Loan | 43 | Whisperwood Apartments | 0.5% | BANA | BANA | $4,000,000 | $4,000,000 | $3,637,313 | $50,000.00 | Refinance | John S. Newsome; Michael J. Doyle | |
Loan | 44 | Brighton Greens Office Park | 0.4% | WFB | WFB | $3,600,000 | $3,600,000 | $3,181,813 | $74.48 | Acquisition | Marilyn M. Scholl; John P. Scholl; Damon P. Scholl; Scholl Family Trust | |
Loan | 45 | Sunstone Mini Storage | 0.4% | WFB | WFB | $3,600,000 | $3,600,000 | $3,321,426 | $53.02 | Acquisition | Hoeven Family Partnership II, LLC | |
Loan | 46 | Gateway Office Plaza | 0.4% | MSBNA | MSMCH | $3,573,000 | $3,569,239 | $2,949,875 | $136.63 | Refinance | D’Agostino Companies | |
Loan | 47 | CVS Las Vegas | 0.3% | MSBNA | MSMCH | $2,900,000 | $2,900,000 | $2,900,000 | $265.35 | Acquisition | Lawrence L. Devine | |
Loan | 48 | CVS (Ground Lease) Glen Ellyn | 0.3% | MSBNA | MSMCH | $2,254,098 | $2,254,098 | $2,254,098 | $171.92 | Acquisition | Lawrence L. Devine | |
Loan | 49 | Wells Fargo at Stonehall Bethesda | 0.2% | WFB | WFB | $1,350,000 | $1,350,000 | $1,350,000 | $428.57 | Acquisition | 10th Street LLC |
A-1-1
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Property Flag | Footnotes | Loan ID | Property Name | Non-Recourse Carveout Guarantor | No. of Properties | General Property Type | Detailed Property Type | Title Type | Ground Lease Initial Lease Expiration Date | Hotel Franchise Agreement Expiration Date | |
Loan | 11 | 1 | Newport Office Center VI | iStar Inc. | 1 | Office | CBD | Leasehold | 2/25/2117 | N/A | |
Loan | 2 | 350 Rhode Island South | 350 Rhode Island South Owner, LLC | 1 | Office | CBD | Fee | N/A | N/A | ||
Loan | 5, 10 | 3 | Tower 28 | Douglas S. Partrick | 1 | Multifamily | High Rise | Fee | N/A | N/A | |
Loan | 4 | 131 Albright | Brett Michael Lipman; Farshid Steve Shokouhi | 1 | Office | Suburban | Fee | N/A | N/A | ||
Loan | 12 | 5 | Grand Oaks Business Park | Raymond Massa | 1 | Office | Suburban | Fee | N/A | N/A | |
Loan | 5, 6 | 6 | ILPT Hawaii Portfolio | Industrial Logistics Properties Trust | 186 | Various | Various | Fee | N/A | N/A | |
Loan | 13 | 7 | Vista Village Shopping Center | CFT NV Developments, LLC | 1 | Retail | Anchored | Fee | N/A | N/A | |
Loan | 5, 14 | 8 | Landmark West Loop | The Related Companies, L.P. | 1 | Multifamily | High Rise | Fee | N/A | N/A | |
Loan | 9, 15, 16 | 9 | Southgate Owners Corp | N/A | 1 | Multifamily | Cooperative | Fee | N/A | N/A | |
Loan | 5, 10 | 10 | Great Wolf Lodge Southern California | McWhinney Holding Company, LLLP | 1 | Hospitality | Full Service | Fee | N/A | 2/16/2041 | |
Loan | 11 | Seekonk Crossing | Francis Greenburger | 1 | Retail | Anchored | Fee | N/A | N/A | ||
Loan | 12 | Century Towers | Tony Shen; Haoyu Wang; Gaocai Chen; Harmonia Hopkins, LLC; Hopkins Holding, Inc. | 1 | Mixed Use | Office/Multifamily | Fee | N/A | N/A | ||
Loan | 13 | Esplanade Apartments | WTI Inc. | 1 | Multifamily | Garden | Fee | N/A | N/A | ||
Loan | 14 | Pontiac West Industrial | Christopher Semarjian; Stuart Lichter | 1 | Industrial | Warehouse | Fee | N/A | N/A | ||
Loan | 10 | 15 | Artisan Square | Ronald G. Froehlich, Jr.; Sherie A. Roberts; Sherie A. Roberts Separate Property Trust; Froehlich Living Trust | 1 | Retail | Shadow Anchored | Fee | N/A | N/A | |
Loan | 16 | Woodlands Village Shopping Center | CCA Acquisition Company, LLC | 1 | Retail | Anchored | Fee | N/A | N/A | ||
Loan | 17 | 17 | The Village at Eldorado | The Pourteymour Family Trust; Shahriar Pouteymour; Maria Pourteymour | 1 | Retail | Shadow Anchored | Fee | N/A | N/A | |
Loan | 18 | 5850 Hellyer Avenue | David B. Dollinger; The David Dollinger Living Trust | 1 | Industrial | Flex | Fee | N/A | N/A | ||
Loan | 18, 19 | 19 | 223 East Town Street Apartments | Bluestone Brothers U.S. Inc.; Guanghui (Stanley) Lan | 1 | Multifamily | Mid-Rise | Fee | N/A | N/A | |
Loan | 20 | Mercedes-Benz R&D Building | David R. Grieve; The David R. and Kathleen M. Grieve Living Trust | 1 | Industrial | Flex | Fee | N/A | N/A | ||
Loan | 8 | 21 | The Market at Lake Tapps | Michael Jacobs | 1 | Retail | Shadow Anchored | Fee | N/A | N/A | |
Loan | 22 | Downtown Farmington Center | Kenneth Levy; Kenneth Levy, as trustee of the Levy Family Trust dated Feburary 18, 1983, as amended | 1 | Retail | Anchored | Fee | N/A | N/A | ||
Loan | 23 | Stonewater Place Apartments | John S. Newsome; John H. Stewart | 1 | Multifamily | Garden | Fee | N/A | N/A | ||
Loan | 20 | 24 | Augusta Woods Plaza | Mark J. Coleman | 1 | Retail | Shadow Anchored | Fee | N/A | N/A | |
Loan | 6 | 25 | Montana and Mentone Apartments Portfolio | SPL International, Inc. | 2 | ||||||
Property | 25.01 | 12340 Montana Avenue | Multifamily | Garden | Fee | N/A | N/A | ||||
Property | 25.02 | 3445 Mentone Avenue | Multifamily | Garden | Fee | N/A | N/A | ||||
Loan | 26 | Northpoint Shopping Center | Alto Fund III Holding, LP | 1 | Retail | Anchored | Fee | N/A | N/A | ||
Loan | 27 | Olde Mill Plaza | Ernest W. Livingston, JR. | 1 | Retail | Anchored | Fee | N/A | N/A | ||
Loan | 5, 6, 7, 9, 21 | 28 | Residence Inn National Portfolio | Reed Halladay; The Halladay Family Trust | 4 | ||||||
Property | 28.01 | Residence Inn Boulder | Hospitality | Extended Stay | Fee | N/A | 12/31/2028 | ||||
Property | 28.02 | Residence Inn Atlanta Buckhead | Hospitality | Extended Stay | Fee | N/A | 12/31/2028 | ||||
Property | 28.03 | Residence Inn Dallas Las Colinas | Hospitality | Extended Stay | Fee | N/A | 12/31/2028 | ||||
Property | 28.04 | Residence Inn Philadelphia Valley Forge | Hospitality | Extended Stay | Fee | N/A | 12/31/2028 | ||||
Loan | 29 | Lowell Medical Office | Veterans Appreciation Fund LP; Andrew Raines; Robert Pardo | 1 | Office | Medical | Fee | N/A | N/A | ||
Loan | 30 | Hillcrest Apartments | Frank T. Sinito; Malisse Sinito | 1 | Multifamily | Garden | Fee | N/A | N/A | ||
Loan | 31 | Lovejoy Village | Kenneth Levy, Kenneth Levy, As Trustee of the Levy Family Trust Dated February 18, 1983, as Amended | 1 | Retail | Anchored | Fee | N/A | N/A | ||
Loan | 6, 10 | 32 | Covington Self Storage Portfolio | Kenneth Tomayko; Barbara Tomayko | 2 | ||||||
Property | 32.01 | Budget Self Storage | Self Storage | Self Storage | Fee | N/A | N/A | ||||
Property | 32.02 | Covington Stor-It | Self Storage | Self Storage | Fee | N/A | N/A | ||||
Loan | 33 | Commercial Drive Retail Center | David R. Rogol | 1 | Retail | Anchored | Fee | N/A | N/A | ||
Loan | 34 | South Philly Plaza | Isaac Gindi | 1 | Retail | Unanchored | Fee | N/A | N/A | ||
Loan | 22 | 35 | Nike East LA | Josef Chehbar | 1 | Retail | Free-Standing | Fee | N/A | N/A | |
Loan | 36 | Tree Lane Portfolio | Benjamin D. Sheridan; Ted L. Barr; Joseph G. Greulich | 1 | Office | Medical | Fee | N/A | N/A | ||
Loan | 37 | Walgreens Pharmacy - Park Ridge | Marilynn M. Gantz; Rancho Pacific Trust | 1 | Retail | Single Tenant | Fee | N/A | N/A | ||
Loan | 38 | Airship Self Storage - NJ | Jacob Ramage | 1 | Self Storage | Self Storage | Fee | N/A | N/A | ||
Loan | 39 | Walgreens Broadway Everett | Myles P. Friel | 1 | Retail | Free-Standing | Fee | N/A | N/A | ||
Loan | 40 | AAA Self Storage 20 | Stephen C. Austin; Sean P. Jones | 1 | Self Storage | Self Storage | Fee | N/A | N/A | ||
Loan | 41 | CVS Audubon PA | Maurice Grosby | 1 | Retail | Free-Standing | Fee | N/A | N/A | ||
Loan | 42 | Bentwood Apartments | John S. Newsome; Michael J. Doyle | 1 | Multifamily | Garden | Fee | N/A | N/A | ||
Loan | 43 | Whisperwood Apartments | John S. Newsome; Michael J. Doyle | 1 | Multifamily | Garden | Fee | N/A | N/A | ||
Loan | 44 | Brighton Greens Office Park | Marilyn M. Scholl; John P. Scholl; Damon P. Scholl; Scholl Family Trust | 1 | Office | Suburban | Fee | N/A | N/A | ||
Loan | 45 | Sunstone Mini Storage | Hoeven Family Partnership II, LLC | 1 | Self Storage | Self Storage | Fee | N/A | N/A | ||
Loan | 46 | Gateway Office Plaza | Christopher D’Agostino | 1 | Office | Suburban | Fee | N/A | N/A | ||
Loan | 47 | CVS Las Vegas | Lawrence L. Devine | 1 | Retail | Free-Standing | Fee | N/A | N/A | ||
Loan | 48 | CVS (Ground Lease) Glen Ellyn | Lawrence L. Devine | 1 | Retail | Single Tenant | Fee | N/A | N/A | ||
Loan | 49 | Wells Fargo at Stonehall Bethesda | 10th Street LLC | 1 | Retail | Single Tenant | Fee | N/A | N/A |
A-1-2
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Property Flag | Footnotes | Loan ID | Property Name | Address | City | County | State | Zip Code | Year Built | Year Renovated |
Loan | 11 | 1 | Newport Office Center VI | 570 Washington Boulevard | Jersey City | Hudson | NJ | 07310 | 2002 | 2012 |
Loan | 2 | 350 Rhode Island South | 350 Rhode Island Street | San Francisco | San Francisco | CA | 94103 | 2002 | N/A | |
Loan | 5, 10 | 3 | Tower 28 | 42-12 28th Street | Long Island City | Queens | NY | 11101 | 2018 | N/A |
Loan | 4 | 131 Albright | 131 Albright Way | Los Gatos | Santa Clara | CA | 95032 | 2015 | N/A | |
Loan | 12 | 5 | Grand Oaks Business Park | 860, 880, 930 & 950 Blue Gentian Road, 2750 & 2770 Blue Water Road, 2854, 2864 & 2874 Highway 55 and 2805 Dodd Road | Eagan | Dakota | MN | 55121 | 1999-2007 | N/A |
Loan | 5, 6 | 6 | ILPT Hawaii Portfolio | Various | Honolulu | Honolulu | HI | Various | Various | N/A |
Loan | 13 | 7 | Vista Village Shopping Center | 225, 307, 347, 401 Vista Village Drive & 15, 20, 25, 30, 35, 40 Main Street | Vista | San Diego | CA | 92083 | 2003 | N/A |
Loan | 5, 14 | 8 | Landmark West Loop | 1035 West Van Buren Street | Chicago | Cook | IL | 60607 | 2017 | N/A |
Loan | 9, 15, 16 | 9 | Southgate Owners Corp | 400, 414, 424, 434 East 52 Street, 433 East 51 Street | New York | New York | NY | 10022 | 1930 | N/A |
Loan | 5, 10 | 10 | Great Wolf Lodge Southern California | 12681 Harbor Boulevard | Garden Grove | Orange | CA | 92840 | 2016 | N/A |
Loan | 11 | Seekonk Crossing | 145, 165, 175, 179, 181 and 191 Highland Avenue | Seekonk | Bristol | MA | 02771 | 1993 | 2012 | |
Loan | 12 | Century Towers | 612 Garfield Avenue | Kansas City | Jackson | MO | 64124 | 1971 | 2001; 2018 | |
Loan | 13 | Esplanade Apartments | 8777 West Maule Avenue | Las Vegas | Clark | NV | 89148 | 2007 | N/A | |
Loan | 14 | Pontiac West Industrial | 660 South Boulevard East | Pontiac | Oakland | MI | 48341 | 1946 | 2018 | |
Loan | 10 | 15 | Artisan Square | 1433, 1403, 1345, 1341, 1301 and 1211 Allen Road and 12900, 12918 and 12926 Brimhall Road | Bakersfield | Kern | CA | 93314 | 2017 | N/A |
Loan | 16 | Woodlands Village Shopping Center | 2555 South Beulah Boulevard and 2700 and 2710 South Woodlands Village | Flagstaff | Coconino | AZ | 86001 | 1989 | 2012 | |
Loan | 17 | 17 | The Village at Eldorado | 2831, 2832, 2833 West El Dorado Parkway; 2587 FM 423 | Little Elm | Denton | TX | 75068 | 2006 | 2008 |
Loan | 18 | 5850 Hellyer Avenue | 5850 Hellyer Avenue | San Jose | Santa Clara | CA | 95138 | 1999 | 2019 | |
Loan | 18, 19 | 19 | 223 East Town Street Apartments | 223 East Town Street | Columbus | Franklin | OH | 43215 | 2016 | N/A |
Loan | 20 | Mercedes-Benz R&D Building | 4031 Via Oro Avenue | Long Beach | Los Angeles | CA | 90810 | 1985 | 2017 | |
Loan | 8 | 21 | The Market at Lake Tapps | 19311, 19321, 19371, 19461, 19510, 19467-19685, 19710, State Route 410 E | Bonney Lake | Pierce | WA | 98391 | 1990-2005 | 2013 |
Loan | 22 | Downtown Farmington Center | 23292 Farmington Road, 33171-33199 Grand River Avenue, 23340-23354 Farmington Rel., 23300-23336 Farmington Road, 33305 and 33313 Orchard Street. | Farmington | Oakland | MI | 48336 | 1961 | 2016 | |
Loan | 23 | Stonewater Place Apartments | 20 Stonewater Creek Drive | Jackson | Madison | TN | 38305 | 2013 & 2016 | N/A | |
Loan | 20 | 24 | Augusta Woods Plaza | 25460, 25630, 25640, 25720, 25750, 25760, 25839, and 25840 Kuykendahl Road | Spring | Harris | TX | 77375 | 2018-2019 | N/A |
Loan | 6 | 25 | Montana and Mentone Apartments Portfolio | |||||||
Property | 25.01 | 12340 Montana Avenue | 12340 Montana Avenue | Los Angeles | Los Angeles | CA | 90049 | 1991 | N/A | |
Property | 25.02 | 3445 Mentone Avenue | 3445 Mentone Avenue | Los Angeles | Los Angeles | CA | 90034 | 1987 | N/A | |
Loan | 26 | Northpoint Shopping Center | 1811-1847 Northeast Pine Island Road | Cape Coral | Lee | FL | 33909 | 2008 | N/A | |
Loan | 27 | Olde Mill Plaza | 3101 Roswell Road | Marietta | Cobb | GA | 30062 | 1985 | N/A | |
Loan | 5, 6, 7, 9, 21 | 28 | Residence Inn National Portfolio | |||||||
Property | 28.01 | Residence Inn Boulder | 3030 Center Green Drive | Boulder | Boulder | CO | 80301 | 1986 | 2018 | |
Property | 28.02 | Residence Inn Atlanta Buckhead | 2960 Piedmont Road North East | Atlanta | Fulton | GA | 30305 | 1987 | 2018 | |
Property | 28.03 | Residence Inn Dallas Las Colinas | 950 West Walnut Hill Lane | Irving | Dallas | TX | 75038 | 1989 | 2018 | |
Property | 28.04 | Residence Inn Philadelphia Valley Forge | 600 West Swedesford Road | Berwyn | Chester | PA | 19312 | 1988 | 2016 | |
Loan | 29 | Lowell Medical Office | 122 Marshall Road | Lowell | Middlesex | MA | 01852 | 1993 | 2005 | |
Loan | 30 | Hillcrest Apartments | 3250-3290 Hillcrest Road & 2015-2065 Pasadena Drive | Dubuque | Dubuque | IA | 52001 | 1973 | 2019 | |
Loan | 31 | Lovejoy Village | 10345-10375 U.S. Highway 41 and 10345-10375 Tara Blvd | Jonesboro | Clayton | GA | 30236 | 2001 | N/A | |
Loan | 6, 10 | 32 | Covington Self Storage Portfolio | |||||||
Property | 32.01 | Budget Self Storage | 6217 US Highway 278 | Covington | Newton | GA | 30014 | 1973 | 2017 | |
Property | 32.02 | Covington Stor-It | 8189, 9176, 9178 Washington Street Southwest & Flat Shoals Road | Covington | Newton | GA | 30014 | 1980-1985 | N/A | |
Loan | 33 | Commercial Drive Retail Center | 4631, 4645, 4697 Commercial Drive | New Hartford | Oneida | NY | 13413 | 1972 | 2017 | |
Loan | 34 | South Philly Plaza | 2715 South Front Street | Philadelphia | Philadelphia | PA | 19148 | 1983 | N/A | |
Loan | 22 | 35 | Nike East LA | 4585 Whittier Boulevard | East Los Angeles | Los Angeles | CA | 90022 | 1925 | 2015 |
Loan | 36 | Tree Lane Portfolio | 1790 Presidential Circle & 1608 Tree Lane | Snellville | Gwinnett | GA | 30078 | 1992 & 1998 | 2006 | |
Loan | 37 | Walgreens Pharmacy - Park Ridge | 800 Devon Avenue | Park Ridge | Cook | IL | 60068 | 2016 | N/A | |
Loan | 38 | Airship Self Storage - NJ | 2420 Ridgeway Boulevard | Manchester Township | Ocean | NJ | 08759 | 2006 | N/A | |
Loan | 39 | Walgreens Broadway Everett | 2205 Broadway | Everett | Snohomish | WA | 98201 | 2003 | N/A | |
Loan | 40 | AAA Self Storage 20 | 509 Pisgah Church Road | Greensboro | Guilford | NC | 27405 | 2018 | N/A | |
Loan | 41 | CVS Audubon PA | 2801 Egypt Road | Audubon | Montgomery | PA | 19403 | 2007 | N/A | |
Loan | 42 | Bentwood Apartments | 6929 West University Avenue | Gainesville | Alachua | FL | 32607 | 1982 | N/A | |
Loan | 43 | Whisperwood Apartments | 4100 Northwest 28th Lane | Gainesville | Alachua | FL | 32606 | 1981 | N/A | |
Loan | 44 | Brighton Greens Office Park | 944, 960, 988, 996 and 1020 McCourtney Road | Grass Valley | Nevada | CA | 95949 | 1988-2001 | N/A | |
Loan | 45 | Sunstone Mini Storage | 233 North Mojave Road | Las Vegas | Clark | NV | 89101 | 1984 | 2018 | |
Loan | 46 | Gateway Office Plaza | 1801-1805 West White Oak Terrace | Conroe | Montgomery | TX | 77304 | 2005-2015 | N/A | |
Loan | 47 | CVS Las Vegas | 6391 West Lake Mead Boulevard | Las Vegas | Clark | NV | 89108 | 2002 | N/A | |
Loan | 48 | CVS (Ground Lease) Glen Ellyn | 739 Roosevelt Road | Glen Ellyn | DuPage | IL | 60137 | 2018 | N/A | |
Loan | 49 | Wells Fargo at Stonehall Bethesda | 8302 Woodmont Avenue | Bethesda | Montgomery | MD | 20814 | 2017 | N/A |
A-1-3
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Property Flag | Footnotes | Loan ID | Property Name | Size | Units of Measure | Occupancy Rate(2) | Occupancy Rate As-of Date | Appraised Value | Appraised Value As-of Date | Mortgage Rate | Administrative Fee Rate(3) | Master Servicing Fee Rate | Primary Servicing Fee Rate | Pari Passu Loan Primary Servicing Fee Rate | Trustee Fee Rate | Trust Advisor Fee Rate | Asset Representations Reviewer Fee Rate | |
Loan | 11 | 1 | Newport Office Center VI | 430,239 | SF | 98.8% | 2/18/2019 | $129,000,000 | 2/1/2019 | 4.6400% | 0.01605% | 0.00250% | 0.00250% | 0.00000% | 0.00870% | 0.00160% | 0.00025% | |
Loan | 2 | 350 Rhode Island South | 138,393 | SF | 100.0% | 12/31/2018 | $121,000,000 | 1/7/2019 | 4.1430% | 0.01605% | 0.00250% | 0.00250% | 0.00000% | 0.00870% | 0.00160% | 0.00025% | ||
Loan | 5, 10 | 3 | Tower 28 | 450 | Units | 93.6% | 2/25/2019 | $335,000,000 | 1/10/2019 | 3.7842% | 0.01605% | 0.00250% | 0.00250% | 0.00000% | 0.00870% | 0.00160% | 0.00025% | |
Loan | 4 | 131 Albright | 113,520 | SF | 100.0% | 4/1/2019 | $88,500,000 | 11/27/2018 | 4.6500% | 0.01605% | 0.00250% | 0.00250% | 0.00000% | 0.00870% | 0.00160% | 0.00025% | ||
Loan | 12 | 5 | Grand Oaks Business Park | 551,551 | SF | 90.4% | 12/5/2018 | $70,000,000 | 12/13/2018 | 4.8500% | 0.01605% | 0.00250% | 0.00250% | 0.00000% | 0.00870% | 0.00160% | 0.00025% | |
Loan | 5, 6 | 6 | ILPT Hawaii Portfolio | 9,591,512 | SF | 99.9% | 12/31/2018 | $1,439,117,000 | Various | 4.3100% | 0.01480% | 0.00250% | 0.00000% | 0.00125% | 0.00870% | 0.00160% | 0.00025% | |
Loan | 13 | 7 | Vista Village Shopping Center | 195,009 | SF | 94.7% | 2/15/2019 | $68,600,000 | 2/17/2019 | 4.3800% | 0.01605% | 0.00250% | 0.00250% | 0.00000% | 0.00870% | 0.00160% | 0.00025% | |
Loan | 5, 14 | 8 | Landmark West Loop | 300 | Units | 98.0% | 2/12/2019 | $139,500,000 | 11/28/2018 | 3.9200% | 0.01605% | 0.00250% | 0.00250% | 0.00000% | 0.00870% | 0.00160% | 0.00025% | |
Loan | 9, 15, 16 | 9 | Southgate Owners Corp | 402 | Units | 92.5% | 1/31/2019 | $551,000,000 | 10/31/2018 | 4.0000% | 0.01605% | 0.00250% | 0.00250% | 0.00000% | 0.00870% | 0.00160% | 0.00025% | |
Loan | 5, 10 | 10 | Great Wolf Lodge Southern California | 603 | Rooms | 80.8% | 1/31/2019 | $302,900,000 | 11/28/2018 | 5.2533% | 0.01605% | 0.00250% | 0.00250% | 0.00000% | 0.00870% | 0.00160% | 0.00025% | |
Loan | 11 | Seekonk Crossing | 227,078 | SF | 100.0% | 11/14/2018 | $35,250,000 | 12/5/2018 | 4.7000% | 0.01605% | 0.00250% | 0.00250% | 0.00000% | 0.00870% | 0.00160% | 0.00025% | ||
Loan | 12 | Century Towers | 308,924 | SF | 99.7% | 1/31/2019 | $34,200,000 | 11/15/2018 | 5.4200% | 0.01605% | 0.00250% | 0.00250% | 0.00000% | 0.00870% | 0.00160% | 0.00025% | ||
Loan | 13 | Esplanade Apartments | 194 | Units | 99.0% | 1/28/2019 | $32,600,000 | 11/29/2018 | 4.4000% | 0.04355% | 0.00250% | 0.03000% | 0.00000% | 0.00870% | 0.00160% | 0.00025% | ||
Loan | 14 | Pontiac West Industrial | 551,400 | SF | 97.9% | 2/7/2019 | $24,500,000 | 1/18/2019 | 5.0500% | 0.04355% | 0.00250% | 0.03000% | 0.00000% | 0.00870% | 0.00160% | 0.00025% | ||
Loan | 10 | 15 | Artisan Square | 67,013 | SF | 92.7% | 3/1/2019 | $24,000,000 | 9/1/2019 | 4.8750% | 0.01605% | 0.00250% | 0.00250% | 0.00000% | 0.00870% | 0.00160% | 0.00025% | |
Loan | 16 | Woodlands Village Shopping Center | 91,810 | SF | 98.9% | 2/26/2019 | $20,000,000 | 1/9/2019 | 4.9500% | 0.01605% | 0.00250% | 0.00250% | 0.00000% | 0.00870% | 0.00160% | 0.00025% | ||
Loan | 17 | 17 | The Village at Eldorado | 59,820 | SF | 95.3% | 12/14/2018 | $25,740,000 | 12/14/2018 | 4.9300% | 0.04355% | 0.00250% | 0.03000% | 0.00000% | 0.00870% | 0.00160% | 0.00025% | |
Loan | 18 | 5850 Hellyer Avenue | 109,718 | SF | 100.0% | 1/24/2019 | $20,000,000 | 12/31/2018 | 5.0700% | 0.01605% | 0.00250% | 0.00250% | 0.00000% | 0.00870% | 0.00160% | 0.00025% | ||
Loan | 18, 19 | 19 | 223 East Town Street Apartments | 84 | Units | 81.0% | 1/23/2019 | $19,200,000 | 12/19/2018 | 4.9340% | 0.07355% | 0.00250% | 0.06000% | 0.00000% | 0.00870% | 0.00160% | 0.00025% | |
Loan | 20 | Mercedes-Benz R&D Building | 79,568 | SF | 100.0% | 4/1/2019 | $22,000,000 | 1/3/2019 | 4.7100% | 0.04605% | 0.00250% | 0.03250% | 0.00000% | 0.00870% | 0.00160% | 0.00025% | ||
Loan | 8 | 21 | The Market at Lake Tapps | 77,651 | SF | 98.5% | 1/31/2019 | $25,600,000 | 1/26/2019 | 4.5000% | 0.01605% | 0.00250% | 0.00250% | 0.00000% | 0.00870% | 0.00160% | 0.00025% | |
Loan | 22 | Downtown Farmington Center | 96,194 | SF | 96.9% | 12/20/2018 | $16,050,000 | 7/13/2018 | 5.0500% | 0.01605% | 0.00250% | 0.00250% | 0.00000% | 0.00870% | 0.00160% | 0.00025% | ||
Loan | 23 | Stonewater Place Apartments | 120 | Units | 96.7% | 12/31/2018 | $16,325,000 | 11/12/2018 | 5.2500% | 0.01605% | 0.00250% | 0.00250% | 0.00000% | 0.00870% | 0.00160% | 0.00025% | ||
Loan | 20 | 24 | Augusta Woods Plaza | 47,832 | SF | 89.1% | 12/20/2018 | $23,240,000 | 11/1/2018 | 4.8600% | 0.04605% | 0.00250% | 0.03250% | 0.00000% | 0.00870% | 0.00160% | 0.00025% | |
Loan | 6 | 25 | Montana and Mentone Apartments Portfolio | 49 | Units | 89.8% | $21,050,000 | 5.1000% | 0.01605% | 0.00250% | 0.00250% | 0.00000% | 0.00870% | 0.00160% | 0.00025% | |||
Property | 25.01 | 12340 Montana Avenue | 21 | Units | 90.5% | 12/31/2018 | $11,450,000 | 12/6/2018 | ||||||||||
Property | 25.02 | 3445 Mentone Avenue | 28 | Units | 89.3% | 12/31/2018 | $9,600,000 | 12/6/2018 | ||||||||||
Loan | 26 | Northpoint Shopping Center | 111,045 | SF | 92.9% | 11/12/2018 | $16,000,000 | 11/21/2018 | 4.9250% | 0.04605% | 0.00250% | 0.03250% | 0.00000% | 0.00870% | 0.00160% | 0.00025% | ||
Loan | 27 | Olde Mill Plaza | 105,847 | SF | 91.0% | 1/16/2019 | $13,600,000 | 12/26/2018 | 4.5400% | 0.05355% | 0.00250% | 0.04000% | 0.00000% | 0.00870% | 0.00160% | 0.00025% | ||
Loan | 5, 6, 7, 9, 21 | 28 | Residence Inn National Portfolio | 472 | Rooms | 75.7% | $57,000,000 | Various | 4.6800% | 0.03605% | 0.00250% | 0.00000% | 0.02250% | 0.00870% | 0.00160% | 0.00025% | ||
Property | 28.01 | Residence Inn Boulder | 128 | Rooms | 69.8% | 10/31/2018 | $18,620,000 | 11/5/2018 | ||||||||||
Property | 28.02 | Residence Inn Atlanta Buckhead | 136 | Rooms | 76.5% | 10/31/2018 | $15,638,000 | 11/7/2018 | ||||||||||
Property | 28.03 | Residence Inn Dallas Las Colinas | 120 | Rooms | 80.8% | 10/31/2018 | $12,689,000 | 11/5/2018 | ||||||||||
Property | 28.04 | Residence Inn Philadelphia Valley Forge | 88 | Rooms | 76.1% | 10/31/2018 | $10,053,000 | 11/5/2018 | ||||||||||
Loan | 29 | Lowell Medical Office | 38,401 | SF | 100.0% | 1/3/2019 | $11,800,000 | 1/9/2019 | 5.1200% | 0.01605% | 0.00250% | 0.00250% | 0.00000% | 0.00870% | 0.00160% | 0.00025% | ||
Loan | 30 | Hillcrest Apartments | 108 | Units | 92.6% | 1/30/2019 | $10,990,000 | 1/17/2019 | 5.0970% | 0.08355% | 0.00250% | 0.07000% | 0.00000% | 0.00870% | 0.00160% | 0.00025% | ||
Loan | 31 | Lovejoy Village | 86,755 | SF | 98.4% | 1/15/2019 | $10,075,000 | 10/17/2018 | 5.0000% | 0.01605% | 0.00250% | 0.00250% | 0.00000% | 0.00870% | 0.00160% | 0.00025% | ||
Loan | 6, 10 | 32 | Covington Self Storage Portfolio | 106,454 | SF | 91.9% | $9,300,000 | 12/21/2018 | 5.2200% | 0.01605% | 0.00250% | 0.00250% | 0.00000% | 0.00870% | 0.00160% | 0.00025% | ||
Property | 32.01 | Budget Self Storage | 53,015 | SF | 96.4% | 2/5/2019 | $4,900,000 | 12/21/2018 | ||||||||||
Property | 32.02 | Covington Stor-It | 53,439 | SF | 87.5% | 2/5/2019 | $4,300,000 | 12/21/2018 | ||||||||||
Loan | 33 | Commercial Drive Retail Center | 183,461 | SF | 97.4% | 1/2/2019 | $10,000,000 | 11/29/2018 | 5.3000% | 0.01605% | 0.00250% | 0.00250% | 0.00000% | 0.00870% | 0.00160% | 0.00025% | ||
Loan | 34 | South Philly Plaza | 34,052 | SF | 94.1% | 1/17/2019 | $8,100,000 | 12/17/2018 | 5.3900% | 0.01605% | 0.00250% | 0.00250% | 0.00000% | 0.00870% | 0.00160% | 0.00025% | ||
Loan | 22 | 35 | Nike East LA | 19,400 | SF | 100.0% | 4/1/2019 | $10,300,000 | 12/13/2018 | 4.8000% | 0.01605% | 0.00250% | 0.00250% | 0.00000% | 0.00870% | 0.00160% | 0.00025% | |
Loan | 36 | Tree Lane Portfolio | 33,254 | SF | 100.0% | 10/30/2019 | $7,200,000 | 11/16/2018 | 5.2850% | 0.01605% | 0.00250% | 0.00250% | 0.00000% | 0.00870% | 0.00160% | 0.00025% | ||
Loan | 37 | Walgreens Pharmacy - Park Ridge | 15,456 | SF | 100.0% | 4/1/2019 | $12,200,000 | 11/9/2018 | 4.9500% | 0.01605% | 0.00250% | 0.00250% | 0.00000% | 0.00870% | 0.00160% | 0.00025% | ||
Loan | 38 | Airship Self Storage - NJ | 41,085 | SF | 83.7% | 11/30/2018 | $6,800,000 | 11/30/2018 | 5.2200% | 0.01605% | 0.00250% | 0.00250% | 0.00000% | 0.00870% | 0.00160% | 0.00025% | ||
Loan | 39 | Walgreens Broadway Everett | 13,750 | SF | 100.0% | 4/1/2019 | $6,600,000 | 12/6/2018 | 5.1900% | 0.01605% | 0.00250% | 0.00250% | 0.00000% | 0.00870% | 0.00160% | 0.00025% | ||
Loan | 40 | AAA Self Storage 20 | 60,265 | SF | 82.1% | 1/9/2019 | $7,800,000 | 1/2/2019 | 4.8900% | 0.01605% | 0.00250% | 0.00250% | 0.00000% | 0.00870% | 0.00160% | 0.00025% | ||
Loan | 41 | CVS Audubon PA | 11,970 | SF | 100.0% | 4/1/2019 | $9,600,000 | 12/10/2018 | 4.6000% | 0.01605% | 0.00250% | 0.00250% | 0.00000% | 0.00870% | 0.00160% | 0.00025% | ||
Loan | 42 | Bentwood Apartments | 93 | Units | 94.6% | 1/31/2019 | $6,100,000 | 11/16/2018 | 5.1000% | 0.01605% | 0.00250% | 0.00250% | 0.00000% | 0.00870% | 0.00160% | 0.00025% | ||
Loan | 43 | Whisperwood Apartments | 80 | Units | 97.5% | 1/31/2019 | $6,200,000 | 11/16/2018 | 5.1900% | 0.01605% | 0.00250% | 0.00250% | 0.00000% | 0.00870% | 0.00160% | 0.00025% | ||
Loan | 44 | Brighton Greens Office Park | 48,336 | SF | 92.1% | 1/15/2019 | $6,500,000 | 12/12/2018 | 4.8500% | 0.01605% | 0.00250% | 0.00250% | 0.00000% | 0.00870% | 0.00160% | 0.00025% | ||
Loan | 45 | Sunstone Mini Storage | 67,900 | SF | 83.1% | 10/31/2018 | $6,300,000 | 12/6/2018 | 4.9200% | 0.01605% | 0.00250% | 0.00250% | 0.00000% | 0.00870% | 0.00160% | 0.00025% | ||
Loan | 46 | Gateway Office Plaza | 26,123 | SF | 86.1% | 1/1/2019 | $4,900,000 | 1/3/2019 | 5.0400% | 0.09755% | 0.00250% | 0.08400% | 0.00000% | 0.00870% | 0.00160% | 0.00025% | ||
Loan | 47 | CVS Las Vegas | 10,929 | SF | 100.0% | 4/1/2019 | $5,330,000 | 12/20/2018 | 4.9900% | 0.01605% | 0.00250% | 0.00250% | 0.00000% | 0.00870% | 0.00160% | 0.00025% | ||
Loan | 48 | CVS (Ground Lease) Glen Ellyn | 13,111 | SF | 100.0% | 4/1/2019 | $4,100,000 | 12/21/2018 | 4.9900% | 0.01605% | 0.00250% | 0.00250% | 0.00000% | 0.00870% | 0.00160% | 0.00025% | ||
Loan | 49 | Wells Fargo at Stonehall Bethesda | 3,150 | SF | 100.0% | 4/1/2019 | $3,100,000 | 12/5/2018 | 5.3500% | 0.01605% | 0.00250% | 0.00250% | 0.00000% | 0.00870% | 0.00160% | 0.00025% |
A-1-4
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Property Flag | Footnotes | Loan ID | Property Name | CREFC Fee Rate | Interest Accrual Basis | Seasoning (mos.) | ARD (Yes/No) | Original Term to Maturity (mos.) | Remaining Term to Maturity (mos.) | Original Interest-Only Period (mos.) | Remaining Interest-Only Period (mos.) | Original Amortization Term (mos.) | Remaining Amortization Term (mos.) | Note Date | First Payment Date | First P&I Payment Date (Partial IO Loans) | Maturity Date | ARD Loan Final Maturity Date | Monthly Debt Service (P&I) |
Loan | 11 | 1 | Newport Office Center VI | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 120 | 119 | 0 | 0 | 2/26/2019 | 4/1/2019 | N/A | 3/1/2029 | N/A | $0.00 |
Loan | 2 | 350 Rhode Island South | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 120 | 119 | 0 | 0 | 2/4/2019 | 4/1/2019 | N/A | 3/1/2029 | N/A | $0.00 | |
Loan | 5, 10 | 3 | Tower 28 | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 36 | 36 | 360 | 360 | 3/11/2019 | 5/1/2019 | 5/1/2022 | 4/1/2029 | N/A | $260,432.69 |
Loan | 4 | 131 Albright | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 120 | 119 | 0 | 0 | 2/22/2019 | 4/11/2019 | N/A | 3/11/2029 | N/A | $0.00 | |
Loan | 12 | 5 | Grand Oaks Business Park | 0.00050% | Actual/360 | 2 | No | 120 | 118 | 0 | 0 | 360 | 358 | 1/23/2019 | 3/1/2019 | N/A | 2/1/2029 | N/A | $277,038.21 |
Loan | 5, 6 | 6 | ILPT Hawaii Portfolio | 0.00050% | Actual/360 | 2 | No | 120 | 118 | 120 | 118 | 0 | 0 | 1/29/2019 | 3/7/2019 | N/A | 2/7/2029 | N/A | $0.00 |
Loan | 13 | 7 | Vista Village Shopping Center | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 120 | 120 | 0 | 0 | 3/8/2019 | 5/1/2019 | N/A | 4/1/2029 | N/A | $0.00 |
Loan | 5, 14 | 8 | Landmark West Loop | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 120 | 119 | 0 | 0 | 2/14/2019 | 4/5/2019 | N/A | 3/5/2029 | N/A | $0.00 |
Loan | 9, 15, 16 | 9 | Southgate Owners Corp | 0.00050% | Actual/360 | 2 | No | 120 | 118 | 0 | 0 | 360 | 358 | 1/2/2019 | 3/1/2019 | N/A | 2/1/2029 | N/A | $133,676.28 |
Loan | 5, 10 | 10 | Great Wolf Lodge Southern California | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 120 | 119 | 0 | 0 | 3/11/2019 | 4/11/2019 | N/A | 3/11/2029 | N/A | $0.00 |
Loan | 11 | Seekonk Crossing | 0.00050% | Actual/360 | 2 | No | 120 | 118 | 120 | 118 | 0 | 0 | 1/30/2019 | 3/5/2019 | N/A | 2/5/2029 | N/A | $0.00 | |
Loan | 12 | Century Towers | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 60 | 59 | 360 | 360 | 2/25/2019 | 4/1/2019 | 4/1/2024 | 3/1/2029 | N/A | $116,495.43 | |
Loan | 13 | Esplanade Apartments | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 120 | 120 | 0 | 0 | 3/8/2019 | 5/1/2019 | N/A | 4/1/2029 | N/A | $0.00 | |
Loan | 14 | Pontiac West Industrial | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 0 | 0 | 360 | 359 | 3/8/2019 | 4/11/2019 | N/A | 3/11/2029 | N/A | $99,203.24 | |
Loan | 10 | 15 | Artisan Square | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 120 | 119 | 0 | 0 | 3/8/2019 | 4/11/2019 | N/A | 3/11/2029 | N/A | $0.00 |
Loan | 16 | Woodlands Village Shopping Center | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 12 | 11 | 360 | 360 | 3/5/2019 | 4/11/2019 | 4/11/2020 | 3/11/2029 | N/A | $80,065.50 | |
Loan | 17 | 17 | The Village at Eldorado | 0.00050% | Actual/360 | 2 | No | 120 | 118 | 120 | 118 | 0 | 0 | 2/1/2019 | 3/11/2019 | N/A | 2/11/2029 | N/A | $0.00 |
Loan | 18 | 5850 Hellyer Avenue | 0.00050% | Actual/360 | 2 | No | 120 | 118 | 24 | 22 | 360 | 360 | 2/7/2019 | 3/11/2019 | 3/11/2021 | 2/11/2029 | N/A | $79,542.85 | |
Loan | 18, 19 | 19 | 223 East Town Street Apartments | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 60 | 59 | 360 | 360 | 2/5/2019 | 4/1/2019 | 4/1/2024 | 3/1/2029 | N/A | $75,065.52 |
Loan | 20 | Mercedes-Benz R&D Building | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 120 | 119 | 0 | 0 | 2/15/2019 | 4/11/2019 | N/A | 3/11/2029 | N/A | $0.00 | |
Loan | 8 | 21 | The Market at Lake Tapps | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 120 | 119 | 0 | 0 | 2/19/2019 | 4/1/2019 | N/A | 3/1/2029 | N/A | $0.00 |
Loan | 22 | Downtown Farmington Center | 0.00050% | Actual/360 | 2 | No | 120 | 118 | 0 | 0 | 360 | 358 | 1/25/2019 | 3/1/2019 | N/A | 2/1/2029 | N/A | $64,178.42 | |
Loan | 23 | Stonewater Place Apartments | 0.00050% | Actual/360 | 2 | No | 120 | 118 | 36 | 34 | 360 | 360 | 1/22/2019 | 3/1/2019 | 3/1/2022 | 2/1/2029 | N/A | $63,503.43 | |
Loan | 20 | 24 | Augusta Woods Plaza | 0.00050% | Actual/360 | 3 | No | 120 | 117 | 120 | 117 | 0 | 0 | 12/28/2018 | 2/11/2019 | N/A | 1/11/2029 | N/A | $0.00 |
Loan | 6 | 25 | Montana and Mentone Apartments Portfolio | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 120 | 119 | 0 | 0 | 2/12/2019 | 4/1/2019 | N/A | 3/1/2029 | N/A | $0.00 |
Property | 25.01 | 12340 Montana Avenue | |||||||||||||||||
Property | 25.02 | 3445 Mentone Avenue | |||||||||||||||||
Loan | 26 | Northpoint Shopping Center | 0.00050% | Actual/360 | 3 | No | 120 | 117 | 120 | 117 | 0 | 0 | 1/10/2019 | 2/11/2019 | N/A | 1/11/2029 | N/A | $0.00 | |
Loan | 27 | Olde Mill Plaza | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 24 | 23 | 360 | 360 | 2/15/2019 | 4/1/2019 | 4/1/2021 | 3/1/2029 | N/A | $51,542.81 | |
Loan | 5, 6, 7, 9, 21 | 28 | Residence Inn National Portfolio | 0.00050% | Actual/360 | 3 | No | 120 | 117 | 60 | 57 | 360 | 360 | 12/19/2018 | 2/1/2019 | 2/1/2024 | 1/1/2029 | N/A | $51,743.64 |
Property | 28.01 | Residence Inn Boulder | |||||||||||||||||
Property | 28.02 | Residence Inn Atlanta Buckhead | |||||||||||||||||
Property | 28.03 | Residence Inn Dallas Las Colinas | |||||||||||||||||
Property | 28.04 | Residence Inn Philadelphia Valley Forge | |||||||||||||||||
Loan | 29 | Lowell Medical Office | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 0 | 0 | 360 | 359 | 2/19/2019 | 4/11/2019 | N/A | 3/11/2029 | N/A | $41,357.63 | |
Loan | 30 | Hillcrest Apartments | 0.00050% | Actual/360 | 1 | No | 60 | 59 | 12 | 11 | 360 | 360 | 2/13/2019 | 4/1/2019 | 4/1/2020 | 3/1/2024 | N/A | $39,350.49 | |
Loan | 31 | Lovejoy Village | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 0 | 0 | 360 | 359 | 2/14/2019 | 4/1/2019 | N/A | 3/1/2029 | N/A | $36,738.73 | |
Loan | 6, 10 | 32 | Covington Self Storage Portfolio | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 36 | 35 | 360 | 360 | 2/22/2019 | 4/1/2019 | 4/1/2022 | 3/1/2029 | N/A | $37,148.42 |
Property | 32.01 | Budget Self Storage | |||||||||||||||||
Property | 32.02 | Covington Stor-It | |||||||||||||||||
Loan | 33 | Commercial Drive Retail Center | 0.00050% | Actual/360 | 2 | No | 120 | 118 | 0 | 0 | 300 | 298 | 1/10/2019 | 3/1/2019 | N/A | 2/1/2029 | N/A | $39,143.08 | |
Loan | 34 | South Philly Plaza | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 0 | 0 | 360 | 359 | 2/26/2019 | 4/1/2019 | N/A | 3/1/2029 | N/A | $32,532.59 | |
Loan | 22 | 35 | Nike East LA | 0.00050% | Actual/360 | 2 | No | 120 | 118 | 120 | 118 | 0 | 0 | 1/4/2019 | 3/1/2019 | N/A | 2/1/2029 | N/A | $0.00 |
Loan | 36 | Tree Lane Portfolio | 0.00050% | Actual/360 | 3 | No | 120 | 117 | 24 | 21 | 360 | 360 | 12/21/2018 | 2/11/2019 | 2/11/2021 | 1/11/2029 | N/A | $29,936.17 | |
Loan | 37 | Walgreens Pharmacy - Park Ridge | 0.00050% | Actual/360 | 2 | No | 120 | 118 | 120 | 118 | 0 | 0 | 2/1/2019 | 3/11/2019 | N/A | 2/11/2029 | N/A | $0.00 | |
Loan | 38 | Airship Self Storage - NJ | 0.00050% | Actual/360 | 2 | No | 120 | 118 | 120 | 118 | 0 | 0 | 1/18/2019 | 3/11/2019 | N/A | 2/11/2029 | N/A | $0.00 | |
Loan | 39 | Walgreens Broadway Everett | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 120 | 119 | 0 | 0 | 3/1/2019 | 4/1/2019 | N/A | 3/1/2029 | N/A | $0.00 | |
Loan | 40 | AAA Self Storage 20 | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 60 | 59 | 360 | 360 | 2/22/2019 | 4/1/2019 | 4/1/2024 | 3/1/2029 | N/A | $22,530.06 | |
Loan | 41 | CVS Audubon PA | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 120 | 119 | 0 | 0 | 2/4/2019 | 4/1/2019 | N/A | 3/1/2029 | N/A | $0.00 | |
Loan | 42 | Bentwood Apartments | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 48 | 47 | 360 | 360 | 2/28/2019 | 4/1/2019 | 4/1/2023 | 3/1/2029 | N/A | $21,717.99 | |
Loan | 43 | Whisperwood Apartments | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 48 | 47 | 360 | 360 | 2/28/2019 | 4/1/2019 | 4/1/2023 | 3/1/2029 | N/A | $21,939.73 | |
Loan | 44 | Brighton Greens Office Park | 0.00050% | Actual/360 | 2 | No | 120 | 118 | 36 | 34 | 360 | 360 | 1/24/2019 | 3/11/2019 | 3/11/2022 | 2/11/2029 | N/A | $18,996.91 | |
Loan | 45 | Sunstone Mini Storage | 0.00050% | Actual/360 | 2 | No | 120 | 118 | 60 | 58 | 360 | 360 | 1/17/2019 | 3/11/2019 | 3/11/2024 | 2/11/2029 | N/A | $19,149.95 | |
Loan | 46 | Gateway Office Plaza | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 0 | 0 | 360 | 359 | 2/28/2019 | 4/1/2019 | N/A | 3/1/2029 | N/A | $19,268.08 | |
Loan | 47 | CVS Las Vegas | 0.00050% | Actual/360 | 2 | No | 120 | 118 | 120 | 118 | 0 | 0 | 1/24/2019 | 3/1/2019 | N/A | 2/1/2029 | N/A | $0.00 | |
Loan | 48 | CVS (Ground Lease) Glen Ellyn | 0.00050% | Actual/360 | 2 | No | 120 | 118 | 120 | 118 | 0 | 0 | 1/31/2019 | 3/1/2019 | N/A | 2/1/2029 | N/A | $0.00 | |
Loan | 49 | Wells Fargo at Stonehall Bethesda | 0.00050% | Actual/360 | 2 | No | 120 | 118 | 120 | 118 | 0 | 0 | 1/18/2019 | 3/11/2019 | N/A | 2/11/2029 | N/A | $0.00 |
A-1-5
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Property Flag | Footnotes | Loan ID | Property Name | Monthly Debt Service (IO) | Annual Debt Service (P&I) | Annual Debt Service (IO) | Lockbox Type | Cash Management Status | Crossed With Other Loans | Related-Borrower Loans | UW NOI DSCR (P&I) | UW NOI DSCR (IO) | UW NCF DSCR (P&I) | UW NCF DSCR (IO) | Cut-Off Date LTV Ratio | Maturity Date LTV Ratio | Grace Period to Late Charge (Days) | Grace Period to Default (Days) |
Loan | 11 | 1 | Newport Office Center VI | $248,943.52 | $0.00 | $2,987,322.24 | Hard | In Place | No | N/A | N/A | 2.16x | N/A | 2.13x | 49.2% | 49.2% | 0 | 4 |
Loan | 2 | 350 Rhode Island South | $218,778.21 | $0.00 | $2,625,338.52 | Hard | Springing | No | N/A | N/A | 2.54x | N/A | 2.40x | 51.7% | 51.7% | 0 | 4 | |
Loan | 5, 10 | 3 | Tower 28 | $179,048.72 | 3,125,192.28 | $2,148,584.64 | Hard | In Place | No | N/A | 2.33x | 3.39x | 2.31x | 3.36x | 33.4% | 28.8% | 0 | 5 |
Loan | 4 | 131 Albright | $216,085.07 | $0.00 | $2,593,020.84 | Hard | In Place | No | N/A | N/A | 1.85x | N/A | 1.79x | 62.1% | 62.1% | 0 | 0 | |
Loan | 12 | 5 | Grand Oaks Business Park | $0.00 | 3,324,458.52 | $0.00 | Springing | Springing | No | N/A | 1.74x | N/A | 1.45x | N/A | 74.8% | 61.5% | 0 | 5 |
Loan | 5, 6 | 6 | ILPT Hawaii Portfolio | $182,077.55 | $0.00 | $2,184,930.60 | Hard | Springing | No | N/A | N/A | 2.42x | N/A | 2.40x | 45.2% | 45.2% | 0 | 0 |
Loan | 13 | 7 | Vista Village Shopping Center | $162,830.56 | $0.00 | $1,953,966.72 | Soft | Springing | No | N/A | N/A | 2.28x | N/A | 2.14x | 64.1% | 64.1% | 0 | 0 |
Loan | 5, 14 | 8 | Landmark West Loop | $132,481.48 | $0.00 | $1,589,777.76 | Soft | In Place | No | N/A | N/A | 3.68x | N/A | 3.63x | 28.7% | 28.7% | 0 | 0 |
Loan | 9, 15, 16 | 9 | Southgate Owners Corp | $0.00 | 1,604,115.36 | $0.00 | N/A | N/A | No | N/A | 10.34x | N/A | 10.28x | N/A | 5.1% | 4.0% | 5 | 5 |
Loan | 5, 10 | 10 | Great Wolf Lodge Southern California | $110,963.80 | $0.00 | $1,331,565.60 | Soft | Springing | No | N/A | N/A | 2.74x | N/A | 2.41x | 49.5% | 49.5% | 0 | 0 |
Loan | 11 | Seekonk Crossing | $91,334.49 | $0.00 | $1,096,013.88 | Springing | Springing | No | N/A | N/A | 2.09x | N/A | 1.93x | 65.2% | 65.2% | 0 | 0 | |
Loan | 12 | Century Towers | $94,793.54 | 1,397,945.16 | $1,137,522.48 | Springing | Springing | No | N/A | 1.43x | 1.76x | 1.26x | 1.55x | 60.5% | 56.3% | 0 | 0 | |
Loan | 13 | Esplanade Apartments | $70,634.26 | $0.00 | $847,611.12 | Springing | Springing | No | N/A | N/A | 2.32x | N/A | 2.26x | 58.3% | 58.3% | 0 | 5 | |
Loan | 14 | Pontiac West Industrial | $0.00 | 1,190,438.88 | $0.00 | Springing | Springing | No | N/A | 1.54x | N/A | 1.39x | N/A | 74.9% | 61.9% | 5 | 0 | |
Loan | 10 | 15 | Artisan Square | $63,843.32 | $0.00 | $766,119.84 | Springing | Springing | No | N/A | N/A | 1.82x | N/A | 1.78x | 64.6% | 64.6% | 0 | 0 |
Loan | 16 | Woodlands Village Shopping Center | $62,734.38 | 960,786.00 | $752,812.56 | Springing | Springing | No | N/A | 1.52x | 1.94x | 1.43x | 1.82x | 75.0% | 63.4% | 0 | 0 | |
Loan | 17 | 17 | The Village at Eldorado | $61,647.82 | $0.00 | $739,773.84 | Springing | Springing | No | N/A | N/A | 1.94x | N/A | 1.89x | 57.5% | 57.5% | 0 | 0 |
Loan | 18 | 5850 Hellyer Avenue | $62,970.10 | 954,514.20 | $755,641.20 | Springing | Springing | No | N/A | 1.57x | 1.99x | 1.50x | 1.90x | 73.5% | 63.8% | 0 | 0 | |
Loan | 18, 19 | 19 | 223 East Town Street Apartments | $58,733.84 | 900,786.24 | $704,806.08 | Springing | Springing | No | N/A | 1.35x | 1.72x | 1.33x | 1.69x | 73.4% | 67.7% | 5 | 4 |
Loan | 20 | Mercedes-Benz R&D Building | $51,733.68 | $0.00 | $620,804.16 | Springing | Springing | No | N/A | N/A | 2.03x | N/A | 2.01x | 59.1% | 59.1% | 0 | 0 | |
Loan | 8 | 21 | The Market at Lake Tapps | $47,526.04 | $0.00 | $570,312.48 | Springing | Springing | No | N/A | N/A | 2.71x | N/A | 2.51x | 48.8% | 48.8% | 5 | 5 |
Loan | 22 | Downtown Farmington Center | $0.00 | 770,141.04 | $0.00 | Springing | Springing | No | Group B | 1.59x | N/A | 1.45x | N/A | 73.9% | 61.1% | 5 | 5 | |
Loan | 23 | Stonewater Place Apartments | $51,011.28 | 762,041.16 | $612,135.36 | Soft | Springing | No | Group A | 1.29x | 1.60x | 1.25x | 1.55x | 70.4% | 62.8% | 5 | 4 | |
Loan | 20 | 24 | Augusta Woods Plaza | $46,897.48 | $0.00 | $562,769.76 | Springing | Springing | No | N/A | N/A | 2.56x | N/A | 2.48x | 42.7% | 42.7% | 0 | 0 |
Loan | 6 | 25 | Montana and Mentone Apartments Portfolio | $47,399.31 | $0.00 | $568,791.72 | Springing | Springing | No | N/A | N/A | 1.51x | N/A | 1.49x | 52.3% | 52.3% | 5 | 4 |
Property | 25.01 | 12340 Montana Avenue | ||||||||||||||||
Property | 25.02 | 3445 Mentone Avenue | ||||||||||||||||
Loan | 26 | Northpoint Shopping Center | $45,772.86 | $0.00 | $549,274.32 | Springing | Springing | No | N/A | N/A | 2.18x | N/A | 2.04x | 68.8% | 68.8% | 0 | 0 | |
Loan | 27 | Olde Mill Plaza | $38,838.28 | 618,513.72 | $466,059.36 | Springing | Springing | No | N/A | 1.75x | 2.32x | 1.64x | 2.17x | 74.4% | 63.8% | 5 | 5 | |
Loan | 5, 6, 7, 9, 21 | 28 | Residence Inn National Portfolio | $39,541.67 | 620,923.68 | $474,500.04 | Soft | Springing | No | N/A | 2.89x | 3.79x | 2.49x | 3.25x | 65.0% | 59.8% | 0 | 5 |
Property | 28.01 | Residence Inn Boulder | ||||||||||||||||
Property | 28.02 | Residence Inn Atlanta Buckhead | ||||||||||||||||
Property | 28.03 | Residence Inn Dallas Las Colinas | ||||||||||||||||
Property | 28.04 | Residence Inn Philadelphia Valley Forge | ||||||||||||||||
Loan | 29 | Lowell Medical Office | $0.00 | 496,291.56 | $0.00 | Hard | In Place | No | N/A | 1.93x | N/A | 1.78x | N/A | 64.3% | 53.3% | 0 | 0 | |
Loan | 30 | Hillcrest Apartments | $31,222.07 | 472,205.88 | $374,664.84 | Soft | Springing | No | N/A | 1.63x | 2.05x | 1.57x | 1.98x | 66.0% | 62.1% | 5 | 4 | |
Loan | 31 | Lovejoy Village | $0.00 | 440,864.76 | $0.00 | Springing | Springing | No | Group B | 1.84x | N/A | 1.64x | N/A | 67.9% | 56.0% | 5 | 5 | |
Loan | 6, 10 | 32 | Covington Self Storage Portfolio | $29,770.31 | 445,781.04 | $357,243.72 | Springing | Springing | No | N/A | 1.49x | 1.86x | 1.45x | 1.81x | 72.6% | 64.7% | 5 | 4 |
Property | 32.01 | Budget Self Storage | ||||||||||||||||
Property | 32.02 | Covington Stor-It | ||||||||||||||||
Loan | 33 | Commercial Drive Retail Center | $0.00 | 469,716.96 | $0.00 | Springing | Springing | No | N/A | 2.25x | N/A | 2.01x | N/A | 64.8% | 49.3% | 5 | 4 | |
Loan | 34 | South Philly Plaza | $0.00 | 390,391.08 | $0.00 | Springing | Springing | No | N/A | 1.30x | N/A | 1.22x | N/A | 71.5% | 59.8% | 5 | 5 | |
Loan | 22 | 35 | Nike East LA | $22,711.11 | $0.00 | $272,533.32 | Hard | Springing | No | N/A | N/A | 1.99x | N/A | 1.91x | 54.4% | 54.4% | 5 | 4 |
Loan | 36 | Tree Lane Portfolio | $24,112.81 | 359,234.04 | $289,353.72 | Springing | Springing | No | N/A | 1.63x | 2.03x | 1.52x | 1.89x | 75.0% | 65.5% | 5 | 0 | |
Loan | 37 | Walgreens Pharmacy - Park Ridge | $21,957.03 | $0.00 | $263,484.36 | Springing | Springing | No | N/A | N/A | 2.54x | N/A | 2.53x | 43.0% | 43.0% | 0 | 0 | |
Loan | 38 | Airship Self Storage - NJ | $19,516.09 | $0.00 | $234,193.08 | Springing | Springing | No | N/A | N/A | 1.85x | N/A | 1.83x | 65.1% | 65.1% | 5 | 0 | |
Loan | 39 | Walgreens Broadway Everett | $18,855.80 | $0.00 | $226,269.60 | Springing | Springing | No | N/A | N/A | 1.77x | N/A | 1.70x | 65.2% | 65.2% | 5 | 5 | |
Loan | 40 | AAA Self Storage 20 | $17,559.29 | 270,360.72 | $210,711.48 | Springing | Springing | No | N/A | 1.58x | 2.03x | 1.54x | 1.98x | 54.5% | 50.3% | 15 | 5 | |
Loan | 41 | CVS Audubon PA | $15,546.30 | $0.00 | $186,555.60 | Springing | Springing | No | N/A | N/A | 2.67x | N/A | 2.66x | 41.7% | 41.7% | 5 | 5 | |
Loan | 42 | Bentwood Apartments | $17,236.11 | 260,615.88 | $206,833.32 | Springing | Springing | No | Group A | 1.63x | 2.05x | 1.50x | 1.89x | 65.6% | 59.5% | 5 | 4 | |
Loan | 43 | Whisperwood Apartments | $17,540.28 | 263,276.76 | $210,483.36 | Springing | Springing | No | Group A | 1.65x | 2.07x | 1.54x | 1.92x | 64.5% | 58.7% | 5 | 4 | |
Loan | 44 | Brighton Greens Office Park | $14,752.08 | 227,962.92 | $177,024.96 | Springing | Springing | No | N/A | 2.06x | 2.65x | 1.77x | 2.29x | 55.4% | 49.0% | 0 | 0 | |
Loan | 45 | Sunstone Mini Storage | $14,965.00 | 229,799.40 | $179,580.00 | Springing | Springing | No | N/A | 1.71x | 2.19x | 1.67x | 2.13x | 57.1% | 52.7% | 0 | 0 | |
Loan | 46 | Gateway Office Plaza | $0.00 | 231,216.96 | $0.00 | Springing | Springing | No | N/A | 1.75x | N/A | 1.61x | N/A | 72.8% | 60.2% | 5 | 5 | |
Loan | 47 | CVS Las Vegas | $12,226.66 | $0.00 | $146,719.92 | Springing | Springing | No | Group C | N/A | 1.80x | N/A | 1.80x | 54.4% | 54.4% | 5 | 5 | |
Loan | 48 | CVS (Ground Lease) Glen Ellyn | $9,503.48 | $0.00 | $114,041.76 | Springing | Springing | No | Group C | N/A | 1.74x | N/A | 1.74x | 55.0% | 55.0% | 5 | 5 | |
Loan | 49 | Wells Fargo at Stonehall Bethesda | $6,102.34 | $0.00 | $73,228.08 | Springing | Springing | No | N/A | N/A | 2.32x | N/A | 2.31x | 43.5% | 43.5% | 0 | 0 |
A-1-6
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Property Flag | Footnotes | Loan ID | Property Name | Due Date | Prepayment Provisions (No. of Payments) | YM Formula | Third Most Recent Revenues | Third Most Recent Expenses | Third Most Recent NOI | Third Most Recent NOI Date | Third Most Recent NOI Debt Yield | Second Most Recent Revenues | Second Most Recent Expenses | Second Most Recent NOI | Second Most Recent NOI Date | Second Most Recent NOI Debt Yield | Most Recent Revenues | |
Loan | 11 | 1 | Newport Office Center VI | First | LO(25);DEF(91);O(4) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 2 | 350 Rhode Island South | First | LO(25);DEF/YM1(88);O(7) | A | $8,266,360 | $3,396,678 | $4,869,682 | 6/30/2017 TTM | 7.8% | $7,332,981 | $3,170,563 | $4,162,418 | 6/30/2018 TTM | 6.7% | $7,186,862 | ||
Loan | 5, 10 | 3 | Tower 28 | First | LO(24);YM1(89);O(7) | B | $9,695,123 | $5,450,720 | $4,244,404 | 12/31/2018 | 3.8% | $14,989,262 | $5,552,627 | $9,436,635 | 12/31/2018 T-6 Ann. | 8.4% | $17,484,140 | |
Loan | 4 | 131 Albright | Eleventh | LO(25);DEF(91);O(4) | $3,448,985 | $344,760 | $3,104,225 | 12/31/2016 | 5.6% | $6,041,069 | $1,263,096 | $4,777,973 | 12/31/2017 | 8.7% | $6,229,434 | |||
Loan | 12 | 5 | Grand Oaks Business Park | First | LO(26);DEF(89);O(5) | $8,683,849 | $3,636,314 | $5,047,536 | 12/31/2016 | 9.6% | $9,159,518 | $3,728,680 | $5,430,838 | 12/31/2017 | 10.4% | $8,793,807 | ||
Loan | 5, 6 | 6 | ILPT Hawaii Portfolio | Seventh | LO(26);DEF/YM1(87);O(7) | C | $71,594,513 | $16,049,950 | $55,544,563 | 12/31/2016 | 8.5% | $73,911,499 | $17,034,145 | $56,877,354 | 12/31/2017 | 8.8% | $76,428,806 | |
Loan | 13 | 7 | Vista Village Shopping Center | First | LO(24);DEF(91);O(5) | $5,758,599 | $1,881,737 | $3,876,862 | 12/31/2016 | 8.8% | $5,939,849 | $1,902,688 | $4,037,161 | 12/31/2017 | 9.2% | $6,301,015 | ||
Loan | 5, 14 | 8 | Landmark West Loop | Fifth | LO(25);DEF(90);O(5) | $7,385,752 | $4,235,582 | $3,150,170 | 12/31/2018 | 7.9% | $9,696,375 | $4,145,488 | $5,550,887 | 12/31/2018 T-6 Ann. | 13.9% | $10,259,894 | ||
Loan | 9, 15, 16 | 9 | Southgate Owners Corp | First | LO(26);DEF(90);O(4) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 5, 10 | 10 | Great Wolf Lodge Southern California | Eleventh | LO(25);DEF(88);O(7) | $73,181,700 | $56,397,508 | $16,784,192 | 12/31/2017 | 11.2% | $83,918,394 | $62,245,360 | $21,673,034 | 12/31/2018 | 14.4% | $84,732,839 | ||
Loan | 11 | Seekonk Crossing | Fifth | LO(26);DEF(90);O(4) | $3,183,741 | $1,123,155 | $2,060,586 | 12/31/2016 | 9.0% | $3,398,890 | $1,138,891 | $2,259,999 | 12/31/2017 | 9.8% | $3,583,371 | |||
Loan | 12 | Century Towers | First | LO(25);DEF(91);O(4) | $3,813,825 | $1,556,373 | $2,257,452 | 12/31/2016 | 10.9% | $3,848,328 | $1,705,737 | $2,142,591 | 12/31/2017 | 10.4% | $3,899,198 | |||
Loan | 13 | Esplanade Apartments | First | LO(24);DEF(92);O(4) | $2,682,181 | $1,109,688 | $1,572,493 | 12/31/2016 | 8.3% | $2,908,018 | $1,060,324 | $1,847,694 | 12/31/2017 | 9.7% | $3,049,871 | |||
Loan | 14 | Pontiac West Industrial | Eleventh | LO(25);DEF(91);O(4) | N/A | N/A | N/A | N/A | N/A | $878,205 | $702,124 | $176,081 | 12/31/2017 | 1.0% | $2,565,359 | |||
Loan | 10 | 15 | Artisan Square | Eleventh | LO(25);DEF(91);O(4) | N/A | N/A | N/A | N/A | N/A | $487,703 | $107,385 | $380,318 | 12/31/2017 | 2.5% | $985,201 | ||
Loan | 16 | Woodlands Village Shopping Center | Eleventh | LO(25);YM1(91);O(4) | D | $1,688,147 | $334,002 | $1,354,146 | 12/31/2016 | 9.0% | $1,630,520 | $379,184 | $1,251,337 | 12/31/2017 | 8.3% | $1,613,474 | ||
Loan | 17 | 17 | The Village at Eldorado | Eleventh | LO(26);DEF(90);O(4) | $1,756,270 | $583,068 | $1,173,201 | 12/31/2016 | 7.9% | $1,880,950 | $623,300 | $1,257,651 | 12/31/2017 | 8.5% | $1,849,813 | ||
Loan | 18 | 5850 Hellyer Avenue | Eleventh | LO(26);DEF/YM1(87);O(7) | E | $953,532 | $664,646 | $288,886 | 12/31/2016 | 2.0% | $1,870,439 | $883,888 | $986,551 | 10/31/2017 T-10 Ann. | 6.7% | $1,934,923 | ||
Loan | 18, 19 | 19 | 223 East Town Street Apartments | First | LO(25);YM1(88);O(7) | F | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |
Loan | 20 | Mercedes-Benz R&D Building | Eleventh | LO(25);DEF(91);O(4) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $1,210,327 | |||
Loan | 8 | 21 | The Market at Lake Tapps | First | LO(25);DEF(91);O(4) | $1,581,825 | $490,734 | $1,091,091 | 12/31/2016 | 8.7% | $1,575,849 | $553,006 | $1,022,843 | 12/31/2017 | 8.2% | $1,731,360 | ||
Loan | 22 | Downtown Farmington Center | First | LO(26);DEF(90);O(4) | $1,074,654 | $337,446 | $737,207 | 12/31/2016 | 6.2% | $1,585,732 | $341,069 | $1,244,663 | 12/31/2017 | 10.5% | $1,623,204 | |||
Loan | 23 | Stonewater Place Apartments | First | LO(26);DEF(90);O(4) | N/A | N/A | N/A | N/A | N/A | $1,482,722 | $442,084 | $1,040,638 | 12/31/2017 | 9.0% | $1,552,571 | |||
Loan | 20 | 24 | Augusta Woods Plaza | Eleventh | LO(27);DEF(89);O(4) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 6 | 25 | Montana and Mentone Apartments Portfolio | First | LO(25);DEF(90);O(5) | $1,177,211 | $352,994 | $824,217 | 12/31/2016 | 7.5% | $1,178,192 | $358,311 | $819,881 | 12/31/2017 | 7.5% | $1,220,511 | ||
Property | 25.01 | 12340 Montana Avenue | $641,548 | $188,911 | $452,637 | 12/31/2016 | $640,665 | $191,566 | $449,099 | 12/31/2017 | $673,541 | |||||||
Property | 25.02 | 3445 Mentone Avenue | $535,663 | $164,083 | $371,580 | 12/31/2016 | $537,527 | $166,745 | $370,782 | 12/31/2017 | $546,970 | |||||||
Loan | 26 | Northpoint Shopping Center | Eleventh | LO(27);DEF(89);O(4) | $928,860 | $462,535 | $466,325 | 12/31/2016 | 4.2% | $1,238,556 | $461,712 | $776,844 | 12/31/2017 | 7.1% | $1,652,839 | |||
Loan | 27 | Olde Mill Plaza | First | LO(25);DEF(91);O(4) | $1,372,670 | $253,560 | $1,119,110 | 12/31/2016 | 11.1% | $1,386,662 | $345,397 | $1,041,265 | 12/31/2017 | 10.3% | $1,391,195 | |||
Loan | 5, 6, 7, 9, 21 | 28 | Residence Inn National Portfolio | First | LO(27);DEF(80);O(13) | $18,984,196 | $12,220,200 | $6,763,996 | 12/31/2016 | 18.3% | $19,068,801 | $12,188,479 | $6,880,322 | 12/31/2017 | 18.6% | $19,005,113 | ||
Property | 28.01 | Residence Inn Boulder | $6,134,722 | $3,612,659 | $2,522,063 | 12/31/2016 | $6,445,955 | $3,750,620 | $2,695,335 | 12/31/2017 | $6,013,532 | |||||||
Property | 28.02 | Residence Inn Atlanta Buckhead | $4,988,369 | $3,473,008 | $1,515,361 | 12/31/2016 | $5,121,186 | $3,441,407 | $1,679,779 | 12/31/2017 | $5,216,384 | |||||||
Property | 28.03 | Residence Inn Dallas Las Colinas | $4,530,488 | $2,892,427 | $1,638,061 | 12/31/2016 | $4,301,202 | $2,854,661 | $1,446,541 | 12/31/2017 | $4,391,732 | |||||||
Property | 28.04 | Residence Inn Philadelphia Valley Forge | $3,330,617 | $2,242,106 | $1,088,511 | 12/31/2016 | $3,200,458 | $2,141,791 | $1,058,667 | 12/31/2017 | $3,383,465 | |||||||
Loan | 29 | Lowell Medical Office | Eleventh | LO(25);DEF(88);O(7) | $1,029,622 | $150,324 | $879,298 | 12/31/2016 | 11.6% | $1,069,466 | $167,636 | $901,830 | 12/31/2017 | 11.9% | $1,175,812 | |||
Loan | 30 | Hillcrest Apartments | First | LO(25);DEF(31);O(4) | $1,062,028 | $856,522 | $205,506 | 12/31/2016 | 2.8% | $1,070,147 | $799,515 | $270,632 | 12/31/2017 | 3.7% | $1,190,215 | |||
Loan | 31 | Lovejoy Village | First | LO(25);DEF(91);O(4) | $982,785 | $319,668 | $663,117 | 12/31/2016 | 9.7% | $972,526 | $308,618 | $663,908 | 12/31/2017 | 9.7% | $1,052,566 | |||
Loan | 6, 10 | 32 | Covington Self Storage Portfolio | First | LO(25);DEF(91);O(4) | $862,700 | $360,670 | $502,030 | 12/31/2016 | 7.4% | $958,206 | $384,439 | $573,767 | 12/31/2017 | 8.5% | $1,022,409 | ||
Property | 32.01 | Budget Self Storage | $449,041 | $186,902 | $262,139 | 12/31/2016 | $508,647 | $203,983 | $304,664 | 12/31/2017 | $537,008 | |||||||
Property | 32.02 | Covington Stor-It | $413,659 | $173,768 | $239,891 | 12/31/2016 | $449,559 | $180,456 | $269,103 | 12/31/2017 | $485,401 | |||||||
Loan | 33 | Commercial Drive Retail Center | First | LO(26);DEF(89);O(5) | $847,292 | $156,296 | $690,996 | 12/31/2016 | 10.7% | $931,690 | $483,956 | $447,734 | 12/31/2017 | 6.9% | $913,601 | |||
Loan | 34 | South Philly Plaza | First | LO(25);DEF(90);O(5) | $770,433 | $229,572 | $540,861 | 12/31/2016 | 9.3% | $677,449 | $204,361 | $473,088 | 12/31/2017 | 8.2% | $618,417 | |||
Loan | 22 | 35 | Nike East LA | First | LO(26);DEF(87);O(7) | $596,938 | $179,828 | $417,110 | 12/31/2016 | 7.4% | $715,812 | $153,047 | $562,765 | 12/31/2017 | 10.0% | $716,901 | ||
Loan | 36 | Tree Lane Portfolio | Eleventh | LO(27);YM1(89);O(4) | G | $776,434 | $193,221 | $583,213 | 12/31/2016 | 10.8% | $795,859 | $206,493 | $589,366 | 12/31/2017 | 10.9% | $819,229 | ||
Loan | 37 | Walgreens Pharmacy - Park Ridge | Eleventh | LO(26);DEF(90);O(4) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Loan | 38 | Airship Self Storage - NJ | Eleventh | LO(26);DEF(90);O(4) | $578,152 | $225,365 | $352,787 | 12/31/2016 | 8.0% | $594,740 | $233,708 | $361,032 | 12/31/2017 | 8.2% | $600,478 | |||
Loan | 39 | Walgreens Broadway Everett | First | LO(24);YM1(92);O(4) | H | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 40 | AAA Self Storage 20 | First | LO(25);DEF(91);O(4) | N/A | N/A | N/A | N/A | N/A | $350,067 | $176,765 | $173,302 | 12/31/2018 T-11 Ann. | 4.1% | $571,646 | |||
Loan | 41 | CVS Audubon PA | First | LO(25);DEF(90);O(5) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Loan | 42 | Bentwood Apartments | First | LO(25);DEF(91);O(4) | $662,657 | $321,911 | $340,746 | 12/31/2016 | 8.5% | $737,504 | $346,051 | $391,453 | 12/31/2017 | 9.8% | $764,667 | |||
Loan | 43 | Whisperwood Apartments | First | LO(25);DEF(91);O(4) | $670,056 | $272,936 | $397,120 | 12/31/2016 | 9.9% | $701,810 | $294,508 | $407,302 | 12/31/2017 | 10.2% | $759,263 | |||
Loan | 44 | Brighton Greens Office Park | Eleventh | LO(26);DEF(90);O(4) | $575,062 | $299,719 | $275,343 | 12/31/2016 | 7.6% | $682,020 | $310,518 | $371,501 | 12/31/2017 | 10.3% | $710,080 | |||
Loan | 45 | Sunstone Mini Storage | Eleventh | LO(26);DEF(90);O(4) | $434,224 | $198,155 | $236,069 | 12/31/2016 | 6.6% | $464,083 | $173,823 | $290,259 | 12/31/2017 | 8.1% | $519,004 | |||
Loan | 46 | Gateway Office Plaza | First | LO(25);DEF(90);O(5) | $551,468 | $169,284 | $382,184 | 12/31/2016 | 10.7% | $506,660 | $152,533 | $354,128 | 12/31/2017 | 9.9% | $542,481 | |||
Loan | 47 | CVS Las Vegas | First | LO(26);DEF(90);O(4) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Loan | 48 | CVS (Ground Lease) Glen Ellyn | First | LO(26);DEF(90);O(4) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Loan | 49 | Wells Fargo at Stonehall Bethesda | Eleventh | LO(26);DEF(90);O(4) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
A-1-7
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Property Flag | Footnotes | Loan ID | Property Name | Most Recent Expenses | Most Recent NOI | Most Recent NOI Date | Most Recent NOI Debt Yield | Underwritten Occupancy Rate | Underwritten Effective Gross Income | Underwritten Total Expenses | Underwritten NOI | Underwritten NOI Debt Yield | Underwritten Replacement Reserves | Underwritten TI/LC | Underwritten NCF | Underwritten NCF Debt Yield |
Loan | 11 | 1 | Newport Office Center VI | N/A | N/A | N/A | N/A | 95.6% | $13,851,036 | $7,405,951 | $6,445,085 | 10.1% | $86,048 | $0 | $6,359,037 | 10.0% |
Loan | 2 | 350 Rhode Island South | $3,266,950 | $3,919,912 | 12/31/2018 | 6.3% | 95.0% | $11,055,446 | $4,376,219 | $6,679,227 | 10.7% | $34,598 | $349,638 | $6,294,990 | 10.1% | |
Loan | 5, 10 | 3 | Tower 28 | $5,358,451 | $12,125,689 | 12/31/2018 T-3 Ann. | 10.8% | 95.0% | $19,539,680 | $4,973,673 | $14,566,007 | 13.0% | $113,255 | $14,529 | $14,438,224 | 12.9% |
Loan | 4 | 131 Albright | $1,307,852 | $4,921,582 | 12/31/2018 | 8.9% | 95.0% | $6,101,039 | $1,308,122 | $4,792,917 | 8.7% | $28,380 | $113,520 | $4,651,017 | 8.5% | |
Loan | 12 | 5 | Grand Oaks Business Park | $3,937,662 | $4,856,145 | 10/31/2018 TTM | 9.3% | 83.3% | $9,533,453 | $3,758,485 | $5,774,969 | 11.0% | $110,310 | $853,823 | $4,810,836 | 9.2% |
Loan | 5, 6 | 6 | ILPT Hawaii Portfolio | $18,588,609 | $57,840,197 | 10/31/2018 TTM | 8.9% | 100.0% | $86,985,222 | $18,221,433 | $68,763,789 | 10.6% | $59,078 | $498,822 | $68,205,889 | 10.5% |
Loan | 13 | 7 | Vista Village Shopping Center | $1,994,510 | $4,306,505 | 12/31/2018 | 9.8% | 93.1% | $6,579,697 | $2,128,212 | $4,451,485 | 10.1% | $39,002 | $239,005 | $4,173,478 | 9.5% |
Loan | 5, 14 | 8 | Landmark West Loop | $4,294,259 | $5,965,634 | 12/31/2018 T-3 Ann. | 14.9% | 95.0% | $10,138,904 | $4,295,960 | $5,842,944 | 14.6% | $75,000 | $0 | $5,767,944 | 14.4% |
Loan | 9, 15, 16 | 9 | Southgate Owners Corp | N/A | N/A | N/A | N/A | 92.5% | $31,981,818 | $15,387,647 | $16,594,171 | 59.4% | $100,500 | $0 | $16,493,671 | 59.1% |
Loan | 5, 10 | 10 | Great Wolf Lodge Southern California | $62,714,987 | $22,017,852 | 1/31/2019 | 14.7% | 80.8% | $84,732,839 | $62,846,900 | $21,885,939 | 14.6% | $2,640,560 | $0 | $19,245,379 | 12.8% |
Loan | 11 | Seekonk Crossing | $1,203,697 | $2,379,674 | 11/30/2018 TTM | 10.3% | 95.0% | $3,498,630 | $1,206,878 | $2,291,752 | 10.0% | $43,164 | $136,247 | $2,112,341 | 9.2% | |
Loan | 12 | Century Towers | $1,764,523 | $2,134,675 | 12/31/2018 | 10.3% | 96.7% | $3,932,548 | $1,932,043 | $2,000,505 | 9.7% | $111,390 | $121,964 | $1,767,151 | 8.5% | |
Loan | 13 | Esplanade Apartments | $1,064,808 | $1,985,063 | 12/31/2018 | 10.4% | 95.0% | $3,084,985 | $1,121,231 | $1,963,754 | 10.3% | $48,500 | $0 | $1,915,254 | 10.1% | |
Loan | 14 | Pontiac West Industrial | $1,044,266 | $1,521,093 | 12/31/2018 | 8.3% | 95.0% | $2,900,734 | $1,063,721 | $1,837,012 | 10.0% | $88,224 | $100,000 | $1,648,788 | 9.0% | |
Loan | 10 | 15 | Artisan Square | $236,436 | $748,765 | 12/31/2018 | 4.8% | 89.0% | $1,969,567 | $571,477 | $1,398,090 | 9.0% | $6,450 | $26,925 | $1,364,715 | 8.8% |
Loan | 16 | Woodlands Village Shopping Center | $360,054 | $1,253,419 | 12/31/2018 | 8.4% | 95.0% | $1,822,989 | $365,373 | $1,457,616 | 9.7% | $25,311 | $58,729 | $1,373,576 | 9.2% | |
Loan | 17 | 17 | The Village at Eldorado | $687,706 | $1,162,108 | 12/31/2018 | 7.9% | 90.5% | $2,155,514 | $718,396 | $1,437,118 | 9.7% | $8,973 | $26,430 | $1,401,715 | 9.5% |
Loan | 18 | 5850 Hellyer Avenue | $832,467 | $1,102,456 | 12/31/2018 | 7.5% | 95.0% | $2,558,572 | $1,056,616 | $1,501,956 | 10.2% | $10,972 | $54,859 | $1,436,125 | 9.8% | |
Loan | 18, 19 | 19 | 223 East Town Street Apartments | N/A | N/A | N/A | N/A | 95.4% | $1,666,316 | $451,134 | $1,215,182 | 8.6% | $21,000 | $0 | $1,194,182 | 8.5% |
Loan | 20 | Mercedes-Benz R&D Building | $69,488 | $1,140,839 | 12/31/2018 | 8.8% | 92.5% | $1,306,060 | $45,083 | $1,260,977 | 9.7% | $7,957 | $6,977 | $1,246,043 | 9.6% | |
Loan | 8 | 21 | The Market at Lake Tapps | $483,438 | $1,247,921 | 11/30/2018 T-11 Ann. | 10.0% | 95.0% | $2,120,720 | $572,508 | $1,548,212 | 12.4% | $11,648 | $105,605 | $1,430,959 | 11.4% |
Loan | 22 | Downtown Farmington Center | $369,885 | $1,253,318 | 10/31/2018 TTM | 10.6% | 94.2% | $1,644,255 | $418,787 | $1,225,468 | 10.3% | $14,429 | $93,308 | $1,117,731 | 9.4% | |
Loan | 23 | Stonewater Place Apartments | $482,937 | $1,069,634 | 10/31/2018 TTM | 9.3% | 95.0% | $1,566,267 | $587,018 | $979,249 | 8.5% | $30,000 | $0 | $949,249 | 8.3% | |
Loan | 20 | 24 | Augusta Woods Plaza | N/A | N/A | N/A | N/A | 87.7% | $1,961,538 | $712,114 | $1,249,424 | 12.6% | $4,943 | $32,955 | $1,211,526 | 12.2% |
Loan | 6 | 25 | Montana and Mentone Apartments Portfolio | $400,645 | $819,866 | 12/31/2018 | 7.5% | 87.1% | $1,257,565 | $399,393 | $858,172 | 7.8% | $12,250 | $0 | $845,922 | 7.7% |
Property | 25.01 | 12340 Montana Avenue | $210,385 | $463,156 | 12/31/2018 | 89.6% | $709,900 | $214,517 | $495,383 | $5,250 | $0 | $490,133 | ||||
Property | 25.02 | 3445 Mentone Avenue | $190,260 | $356,710 | 12/31/2018 | 84.0% | $547,665 | $184,876 | $362,789 | $7,000 | $0 | $355,789 | ||||
Loan | 26 | Northpoint Shopping Center | $441,891 | $1,210,948 | 10/31/2018 T-10 Ann. | 11.0% | 87.5% | $1,779,143 | $580,210 | $1,198,933 | 10.9% | $30,578 | $48,279 | $1,120,076 | 10.2% | |
Loan | 27 | Olde Mill Plaza | $432,419 | $958,776 | 12/31/2018 | 9.5% | 85.5% | $1,442,854 | $362,587 | $1,080,267 | 10.7% | $15,877 | $51,865 | $1,012,525 | 10.0% | |
Loan | 5, 6, 7, 9, 21 | 28 | Residence Inn National Portfolio | $12,183,984 | $6,821,129 | 10/31/2018 TTM | 18.4% | 75.4% | $18,704,425 | $12,048,399 | $6,656,026 | 18.0% | $0 | $0 | $5,720,804 | 15.4% |
Property | 28.01 | Residence Inn Boulder | $3,543,819 | $2,469,713 | 10/31/2018 TTM | 70.2% | $5,644,758 | $3,340,855 | $2,303,903 | $0 | $0 | $2,021,665 | ||||
Property | 28.02 | Residence Inn Atlanta Buckhead | $3,442,282 | $1,774,102 | 10/31/2018 TTM | 76.8% | $5,253,311 | $3,475,697 | $1,777,614 | $0 | $0 | $1,514,948 | ||||
Property | 28.03 | Residence Inn Dallas Las Colinas | $2,955,947 | $1,435,785 | 10/31/2018 TTM | 78.7% | $4,422,891 | $2,984,780 | $1,438,111 | $0 | $0 | $1,216,966 | ||||
Property | 28.04 | Residence Inn Philadelphia Valley Forge | $2,241,936 | $1,141,529 | 10/31/2018 TTM | 76.1% | $3,383,465 | $2,247,067 | $1,136,398 | $0 | $0 | $967,225 | ||||
Loan | 29 | Lowell Medical Office | $204,116 | $971,696 | 12/31/2018 | 12.8% | 97.3% | $1,147,056 | $190,691 | $956,365 | 12.6% | $36,346 | $37,053 | $882,966 | 11.6% | |
Loan | 30 | Hillcrest Apartments | $574,043 | $616,172 | 12/31/2018 | 8.5% | 90.0% | $1,306,932 | $539,060 | $767,872 | 10.6% | $27,000 | $0 | $740,872 | 10.2% | |
Loan | 31 | Lovejoy Village | $294,618 | $757,948 | 12/31/2018 | 11.1% | 93.7% | $1,112,794 | $301,687 | $811,107 | 11.9% | $23,424 | $65,934 | $721,749 | 10.6% | |
Loan | 6, 10 | 32 | Covington Self Storage Portfolio | $390,128 | $632,281 | 12/31/2018 | 9.4% | 85.7% | $1,022,409 | $358,611 | $663,798 | 9.8% | $15,968 | $0 | $647,830 | 9.6% |
Property | 32.01 | Budget Self Storage | $210,369 | $326,639 | 12/31/2018 | 87.6% | $537,008 | $194,520 | $342,488 | $7,952 | $0 | $334,536 | ||||
Property | 32.02 | Covington Stor-It | $179,759 | $305,642 | 12/31/2018 | 83.6% | $485,401 | $164,091 | $321,310 | $8,016 | $0 | $313,294 | ||||
Loan | 33 | Commercial Drive Retail Center | $627,414 | $286,187 | 9/30/2018 TTM | 4.4% | 92.5% | $1,714,207 | $655,417 | $1,058,790 | 16.3% | $22,015 | $91,730 | $945,045 | 14.6% | |
Loan | 34 | South Philly Plaza | $200,567 | $417,850 | 12/31/2018 | 7.2% | 93.3% | $727,381 | $219,532 | $507,849 | 8.8% | $6,133 | $24,052 | $477,664 | 8.2% | |
Loan | 22 | 35 | Nike East LA | $151,535 | $565,366 | 9/30/2018 TTM | 10.1% | 95.0% | $726,100 | $184,349 | $541,751 | 9.7% | $3,880 | $16,041 | $521,830 | 9.3% |
Loan | 36 | Tree Lane Portfolio | $231,112 | $588,117 | 12/31/2018 | 10.9% | 95.0% | $830,576 | $244,417 | $586,159 | 10.9% | $6,983 | $33,254 | $545,921 | 10.1% | |
Loan | 37 | Walgreens Pharmacy - Park Ridge | N/A | N/A | N/A | N/A | 97.0% | $678,030 | $8,603 | $669,427 | 12.8% | $1,546 | $0 | $667,881 | 12.7% | |
Loan | 38 | Airship Self Storage - NJ | $214,447 | $386,031 | 11/30/2018 TTM | 8.7% | 83.9% | $626,939 | $192,787 | $434,153 | 9.8% | $5,363 | $0 | $428,789 | 9.7% | |
Loan | 39 | Walgreens Broadway Everett | N/A | N/A | N/A | N/A | 95.0% | $408,496 | $8,170 | $400,326 | 9.3% | $2,063 | $14,438 | $383,826 | 8.9% | |
Loan | 40 | AAA Self Storage 20 | $135,214 | $436,432 | 12/31/2018 T-1 Ann. | 10.3% | 80.5% | $594,820 | $168,109 | $426,711 | 10.0% | $9,040 | N/A | $417,671 | 9.8% | |
Loan | 41 | CVS Audubon PA | N/A | N/A | N/A | N/A | 100.0% | $502,439 | $5,024 | $497,415 | 12.4% | $1,796 | $0 | $495,619 | 12.4% | |
Loan | 42 | Bentwood Apartments | $339,984 | $424,683 | 12/31/2018 | 10.6% | 92.6% | $764,667 | $340,266 | $424,401 | 10.6% | $33,099 | $0 | $391,302 | 9.8% | |
Loan | 43 | Whisperwood Apartments | $313,381 | $445,882 | 12/31/2018 | 11.1% | 94.5% | $759,263 | $324,493 | $434,770 | 10.9% | $29,904 | $0 | $404,866 | 10.1% | |
Loan | 44 | Brighton Greens Office Park | $298,617 | $411,463 | 12/31/2018 | 11.4% | 89.6% | $765,056 | $296,150 | $468,907 | 13.0% | $26,101 | $38,253 | $404,553 | 11.2% | |
Loan | 45 | Sunstone Mini Storage | $183,881 | $335,123 | 11/30/2018 TTM | 9.3% | 78.3% | $570,422 | $177,410 | $393,012 | 10.9% | $10,185 | $0 | $382,827 | 10.6% | |
Loan | 46 | Gateway Office Plaza | $159,745 | $382,735 | 12/31/2018 | 10.7% | 86.7% | $559,282 | $155,662 | $403,620 | 11.3% | $3,918 | $27,690 | $372,011 | 10.4% | |
Loan | 47 | CVS Las Vegas | N/A | N/A | N/A | N/A | 100.0% | $266,589 | $2,666 | $263,923 | 9.1% | $0 | $0 | $263,923 | 9.1% | |
Loan | 48 | CVS (Ground Lease) Glen Ellyn | N/A | N/A | N/A | N/A | 100.0% | $200,000 | $2,000 | $198,000 | 8.8% | $0 | $0 | $198,000 | 8.8% | |
Loan | 49 | Wells Fargo at Stonehall Bethesda | N/A | N/A | N/A | N/A | 98.9% | $214,493 | $44,943 | $169,550 | 12.6% | $315 | $0 | $169,235 | 12.5% |
A-1-8
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Property Flag | Footnotes | Loan ID | Property Name | Largest Tenant | Largest Tenant Lease Expiration(4) | Largest Tenant NSF | Largest Tenant % of NSF | 2nd Largest Tenant | 2nd Largest Tenant Lease Expiration(4) | 2nd Largest Tenant NSF | ||
Loan | 11 | 1 | Newport Office Center VI | The Depository Trust & Clearing Corp. | 12/31/2032 | 415,164 | 96.5% | Xiang Hunan Inc (Chef Tan) | 5/31/2028 | 4,300 | ||
Loan | 2 | 350 Rhode Island South | Samsara | 5,733 SF on 3/31/2020; 83,968 SF on 7/31/2025 | 89,701 | 64.8% | Service Employees International Union | 1/31/2024 | 25,308 | |||
Loan | 5, 10 | 3 | Tower 28 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 4 | 131 Albright | Netflix, Inc | 11/30/2025 | 113,520 | 100.0% | N/A | N/A | N/A | |||
Loan | 12 | 5 | Grand Oaks Business Park | Nelnet Diversified Solutions, LLC | 1/31/2024 | 49,802 | 9.0% | Enclos Corp | 10/31/2019 | 37,129 | ||
Loan | 5, 6 | 6 | ILPT Hawaii Portfolio | Servco Pacific, Inc. | 1/31/2064 | 537,302 | 5.6% | Coca-Cola Bottling of Hawaii, LLC | 12/31/2022; 7/31/2029 | 350,869 | ||
Loan | 13 | 7 | Vista Village Shopping Center | Cinepolis | 11/30/2023 | 69,654 | 35.7% | Frazier Farms | 9/30/2025 | 25,000 | ||
Loan | 5, 14 | 8 | Landmark West Loop | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 9, 15, 16 | 9 | Southgate Owners Corp | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 5, 10 | 10 | Great Wolf Lodge Southern California | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 11 | Seekonk Crossing | BJs Wholesale | 8/24/2032 | 112,338 | 49.5% | Hobby Lobby | 3/31/2024 | 42,549 | |||
Loan | 12 | Century Towers | City of Kansas City Missouri | 2/15/2039 | 150,759 | 48.8% | N/A | N/A | N/A | |||
Loan | 13 | Esplanade Apartments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Loan | 14 | Pontiac West Industrial | Mahindra North American Technical Center | 12/31/2024 | 316,519 | 57.4% | Penske Vehicle Services, Inc. | 2/28/2021 | 113,742 | |||
Loan | 10 | 15 | Artisan Square | Body Xchange Fitness | 4/30/2047 | 20,114 | 30.0% | Dentists of Bakersfield | 11/30/2028 | 4,971 | ||
Loan | 16 | Woodlands Village Shopping Center | G. B. Investment Company | 11/28/2029 | 44,458 | 48.4% | Lancaster Wings West L.L.C. | 5/31/2023 | 7,900 | |||
Loan | 17 | 17 | The Village at Eldorado | End Zone Little Elm Inc. | 5/31/2028 | 5,384 | 9.0% | Lorena Alfaro’s Mexican & Salv | 12/31/2028 | 4,376 | ||
Loan | 18 | 5850 Hellyer Avenue | CTT Inc. | 3/1/2024 | 31,766 | 29.0% | InnoTrans Communications, Inc. | 3/31/2021 | 27,661 | |||
Loan | 18, 19 | 19 | 223 East Town Street Apartments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 20 | Mercedes-Benz R&D Building | Mercedes-Benz Research and Development North America, Inc. | 6/30/2027 | 79,568 | 100.0% | N/A | N/A | N/A | |||
Loan | 8 | 21 | The Market at Lake Tapps | Planet Fitness | 3/1/2028 | 22,595 | 29.1% | Best Tire | 5/1/2028 | 7,000 | ||
Loan | 22 | Downtown Farmington Center | Fresh Thyme Farmers Market | 8/31/2031 | 26,086 | 27.1% | Tuesday Morning | 7/31/2023 | 14,610 | |||
Loan | 23 | Stonewater Place Apartments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Loan | 20 | 24 | Augusta Woods Plaza | Chick-Fil-A, Inc. | 11/30/2033 | 4,897 | 10.2% | Akashi Asian Fusion | 5/22/2028 | 3,998 | ||
Loan | 6 | 25 | Montana and Mentone Apartments Portfolio | |||||||||
Property | 25.01 | 12340 Montana Avenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Property | 25.02 | 3445 Mentone Avenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Loan | 26 | Northpoint Shopping Center | Bed Bath & Beyond | 01/31/2020 | 27,978 | 25.2% | Michaels | 03/31/2027 | 21,175 | |||
Loan | 27 | Olde Mill Plaza | Walmart Neighborhood Market | 6/16/2029 | 51,754 | 48.9% | Just Fitness 4U | 6/30/2028 | 22,750 | |||
Loan | 5, 6, 7, 9, 21 | 28 | Residence Inn National Portfolio | |||||||||
Property | 28.01 | Residence Inn Boulder | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Property | 28.02 | Residence Inn Atlanta Buckhead | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Property | 28.03 | Residence Inn Dallas Las Colinas | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Property | 28.04 | Residence Inn Philadelphia Valley Forge | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Loan | 29 | Lowell Medical Office | US Dept. of Veterans Affairs | 11/30/2024 | 38,401 | 100.0% | N/A | N/A | N/A | |||
Loan | 30 | Hillcrest Apartments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Loan | 31 | Lovejoy Village | Kroger | 4/30/2022 | 57,740 | 66.6% | Workout Anytime | 12/30/2027 | 5,740 | |||
Loan | 6, 10 | 32 | Covington Self Storage Portfolio | |||||||||
Property | 32.01 | Budget Self Storage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Property | 32.02 | Covington Stor-It | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Loan | 33 | Commercial Drive Retail Center | At Home Stores LLC | 5/31/2023 | 90,600 | 49.4% | Big Lots Stores Inc | 1/31/2029 | 46,500 | |||
Loan | 34 | South Philly Plaza | Dollar General | 3/31/2023 | 9,364 | 27.5% | Black & Decker (U.S.) INC. | 3/30/2020 | 6,701 | |||
Loan | 22 | 35 | Nike East LA | Nike | 1/31/2026 | 19,400 | 100.0% | N/A | N/A | N/A | ||
Loan | 36 | Tree Lane Portfolio | Northside Hospital (7) | 3/31/2020 | 6,013 | 18.1% | CardioVascular Group (1) | 10/31/2022 | 5,876 | |||
Loan | 37 | Walgreens Pharmacy - Park Ridge | Walgreens | 5/31/2036 | 15,456 | 100.0% | N/A | N/A | N/A | |||
Loan | 38 | Airship Self Storage - NJ | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Loan | 39 | Walgreens Broadway Everett | Walgreens | 8/31/2028 | 13,750 | 100.0% | N/A | N/A | N/A | |||
Loan | 40 | AAA Self Storage 20 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Loan | 41 | CVS Audubon PA | CVS | 9/30/2038 | 11,970 | 100.0% | N/A | N/A | N/A | |||
Loan | 42 | Bentwood Apartments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Loan | 43 | Whisperwood Apartments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Loan | 44 | Brighton Greens Office Park | County of Nevada | 1/31/2026 | 20,000 | 41.4% | Community Beyond Violence | 8/31/2020 | 4,369 | |||
Loan | 45 | Sunstone Mini Storage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Loan | 46 | Gateway Office Plaza | First American Title | 6/30/2020 | 4,033 | 15.4% | Capital Farm Credit | 4/9/2022 | 3,431 | |||
Loan | 47 | CVS Las Vegas | CVS | 1/31/2039 | 10,929 | 100.0% | N/A | N/A | N/A | |||
Loan | 48 | CVS (Ground Lease) Glen Ellyn | CVS | 1/31/2044 | 13,111 | 100.0% | N/A | N/A | N/A | |||
Loan | 49 | Wells Fargo at Stonehall Bethesda | Wells Fargo Bank, N.A. | 9/30/2028 | 3,150 | 100.0% | N/A | N/A | N/A |
A-1-9
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Property Flag | Footnotes | Loan ID | Property Name | 2nd Largest Tenant % of NSF | 3rd Largest Tenant | 3rd Largest Tenant Lease Expiration(4) | 3rd Largest Tenant NSF | 3rd Largest Tenant % of NSF | 4th Largest Tenant | 4th Largest Tenant Lease Expiration(4) | 4th Largest Tenant NSF | 4th Largest Tenant % of NSF | 5th Largest Tenant | 5th Largest Tenant Lease Expiration(4) | ||||
Loan | 11 | 1 | Newport Office Center VI | 1.0% | Menya Sandaime 1 Inc | 8/31/2032 | 3,600 | 0.8% | Entity 4 Dimensions (d/b/a Caffe Bene) | 2/28/2026 | 1,813 | 0.4% | N/A | N/A | ||||
Loan | 2 | 350 Rhode Island South | 18.3% | Regus | 8/31/2023 | 16,147 | 11.7% | Sutter West Bay Medical | 10/31/2020 | 6,932 | 5.0% | N/A | N/A | |||||
Loan | 5, 10 | 3 | Tower 28 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||
Loan | 4 | 131 Albright | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Loan | 12 | 5 | Grand Oaks Business Park | 6.7% | American Cancer Society | 7/31/2025 | 22,512 | 4.1% | Farmers Insurance Exchanges | 3/31/2024 | 21,817 | 4.0% | Explore Information Services | 8/31/2024 | ||||
Loan | 5, 6 | 6 | ILPT Hawaii Portfolio | 3.7% | Manheim Remarketing, Inc. | 4/30/2021 | 337,734 | 3.5% | Bradley Shopping Center Company | 4/22/2033 | 333,887 | 3.5% | Honolulu Warehouse Co., Ltd. | 1/31/2044 | ||||
Loan | 13 | 7 | Vista Village Shopping Center | 12.8% | Crunch Fitness | 11/30/2025 | 19,000 | 9.7% | Pets Plus | 9/30/2027 | 10,477 | 5.4% | Coldwell Banker | 9/30/2020 | ||||
Loan | 5, 14 | 8 | Landmark West Loop | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||
Loan | 9, 15, 16 | 9 | Southgate Owners Corp | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||
Loan | 5, 10 | 10 | Great Wolf Lodge Southern California | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||
Loan | 11 | Seekonk Crossing | 18.7% | Big Lots | 1/31/2022 | 27,620 | 12.2% | Staples | 2/28/2022 | 18,098 | 8.0% | Pier One Imports | 2/28/2022 | |||||
Loan | 12 | Century Towers | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Loan | 13 | Esplanade Apartments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Loan | 14 | Pontiac West Industrial | 20.6% | Posco Daewoo America Corp. | 11/12/2022 | 109,805 | 19.9% | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Loan | 10 | 15 | Artisan Square | 7.4% | Kern Schools Federal Credit Union | 6/30/2027 | 4,222 | 6.3% | Priority Urgent Care, Inc. | 6/30/2029 | 3,984 | 5.9% | The Habit Restaurant | 6/30/2027 | ||||
Loan | 16 | Woodlands Village Shopping Center | 8.6% | Boot Barn, Inc. #60 | 1/31/2024 | 7,724 | 8.4% | National Vision Inc | 9/30/2027 | 4,400 | 4.8% | Cafe Rio, Inc. | 5/31/2023 | |||||
Loan | 17 | 17 | The Village at Eldorado | 7.3% | Jeron, Llc | 9/30/2023 | 3,000 | 5.0% | Kobe Sushi & Steak, LLC | 8/31/2022 | 2,924 | 4.9% | Adventure Kids Playcare | 7/31/2023 | ||||
Loan | 18 | 5850 Hellyer Avenue | 25.2% | MeiVac Incorporated | 3/31/2021 | 26,557 | 24.2% | Waterbit, Inc. | 7/31/2024 | 23,734 | 21.6% | N/A | N/A | |||||
Loan | 18, 19 | 19 | 223 East Town Street Apartments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||
Loan | 20 | Mercedes-Benz R&D Building | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Loan | 8 | 21 | The Market at Lake Tapps | 9.0% | Franciscan Health | 6/1/2024 | 5,860 | 7.5% | Bank of America | 10/1/2023 | 4,700 | 6.1% | Olympic BanCorp | 4/1/2035 | ||||
Loan | 22 | Downtown Farmington Center | 15.2% | Fitness 19 | 2/28/2022 | 10,250 | 10.7% | Pet Valu | 3/31/2028 | 5,000 | 5.2% | Essential Family Chiropractic | 1/31/2022 | |||||
Loan | 23 | Stonewater Place Apartments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Loan | 20 | 24 | Augusta Woods Plaza | 8.4% | Whataburger | 10/31/2032 | 3,583 | 7.5% | Express Oil Change, LLC | 3/8/2038 | 3,325 | 7.0% | Regions Bank | 9/9/2038 | ||||
Loan | 6 | 25 | Montana and Mentone Apartments Portfolio | |||||||||||||||
Property | 25.01 | 12340 Montana Avenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Property | 25.02 | 3445 Mentone Avenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Loan | 26 | Northpoint Shopping Center | 19.1% | Petsmart | 05/31/2023 | 20,301 | 18.3% | Aldi | 08/31/2027 | 18,040 | 16.2% | Five Below | 2/29/2028 | |||||
Loan | 27 | Olde Mill Plaza | 21.5% | Los Arcos Mexican Restaurant | 2/29/2024 | 3,570 | 3.4% | Heartland Dental | 4/30/2026 | 3,388 | 3.2% | House of Ming | 11/30/2022 | |||||
Loan | 5, 6, 7, 9, 21 | 28 | Residence Inn National Portfolio | |||||||||||||||
Property | 28.01 | Residence Inn Boulder | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Property | 28.02 | Residence Inn Atlanta Buckhead | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Property | 28.03 | Residence Inn Dallas Las Colinas | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Property | 28.04 | Residence Inn Philadelphia Valley Forge | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Loan | 29 | Lowell Medical Office | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Loan | 30 | Hillcrest Apartments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Loan | 31 | Lovejoy Village | 6.6% | Taps Bar & Grill | 6/1/2023 | 3,500 | 4.0% | Beauty Depot | 11/30/2028 | 2,800 | 3.2% | Young Smiles Dentistry | 5/30/2019 | |||||
Loan | 6, 10 | 32 | Covington Self Storage Portfolio | |||||||||||||||
Property | 32.01 | Budget Self Storage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Property | 32.02 | Covington Stor-It | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Loan | 33 | Commercial Drive Retail Center | 25.3% | CEC Entertainment, Inc. | 10/31/2021 | 8,564 | 4.7% | Sumo Japanese Hibachi & Sushi | 7/31/2023 | 6,000 | 3.3% | The Sherwin Williams Company | 12/31/2026 | |||||
Loan | 34 | South Philly Plaza | 19.7% | PPG Architectural Finishes | 3/31/2022 | 3,900 | 11.5% | Minuteman Press | 11/30/2023 | 3,450 | 10.1% | T-Mobile | 1/31/2023 | |||||
Loan | 22 | 35 | Nike East LA | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||
Loan | 36 | Tree Lane Portfolio | 17.7% | Dekalb Medical (2) | 10/31/2022 | 3,971 | 11.9% | The Emory Clinic | 1/31/2020 | 3,544 | 10.7% | ENT of Georgia (1) | 10/31/2022 | |||||
Loan | 37 | Walgreens Pharmacy - Park Ridge | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Loan | 38 | Airship Self Storage - NJ | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Loan | 39 | Walgreens Broadway Everett | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Loan | 40 | AAA Self Storage 20 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Loan | 41 | CVS Audubon PA | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Loan | 42 | Bentwood Apartments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Loan | 43 | Whisperwood Apartments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Loan | 44 | Brighton Greens Office Park | 9.0% | The Event Helper - Maddux | 1/14/2020 | 3,893 | 8.1% | Brighton Greens Vet. Hosp. | 7/6/2025 | 3,835 | 7.9% | Hysell Accountancy Corp. | 7/31/2024 | |||||
Loan | 45 | Sunstone Mini Storage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Loan | 46 | Gateway Office Plaza | 13.1% | Heartland Dental Care | 12/2/2022 | 3,193 | 12.2% | MJR Kaiser Texas Instruments | 8/14/2020 | 3,164 | 12.1% | Alamo Title Co. | 9/30/2019 | |||||
Loan | 47 | CVS Las Vegas | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Loan | 48 | CVS (Ground Lease) Glen Ellyn | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Loan | 49 | Wells Fargo at Stonehall Bethesda | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
A-1-10
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Property Flag | Footnotes | Loan ID | Property Name | 5th Largest Tenant NSF | 5th Largest Tenant % of NSF | Upfront Replacement Reserves | Monthly Replacement Reserves | Replacement Reserve Cap | Upfront TI/LC Reserves | Monthly TI/LC Reserves | TI/LC Reserve Cap | Upfront Tax Reserves | Monthly Tax Reserves | Upfront Insurance Reserves | Monthly Insurance Reserves | Upfront Deferred Maint. Reserve | Initial Other Reserves | Ongoing Other Reserves | |
Loan | 11 | 1 | Newport Office Center VI | N/A | N/A | $0 | $0 | $0 | $0 | $0 | $0 | $4,750 | $2,375 | $1,700 | $283 | $0 | $215,833 | $215,833 | |
Loan | 2 | 350 Rhode Island South | N/A | N/A | $0 | $0 | $27,684 | $0 | $0 | $1,000,000 | $0 | $0 | $0 | $0 | $0 | $561,870 | $0 | ||
Loan | 5, 10 | 3 | Tower 28 | N/A | N/A | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $60,000 | $0 | $0 | |
Loan | 4 | 131 Albright | N/A | N/A | $0 | $2,365 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | ||
Loan | 12 | 5 | Grand Oaks Business Park | 21,407 | 3.9% | $780,030 | $9,193 | $0 | $1,500,000 | $0 | $1,500,000 | $681,114 | $113,519 | $0 | $0 | $48,381 | $390,760 | $0 | |
Loan | 5, 6 | 6 | ILPT Hawaii Portfolio | 298,384 | 3.1% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Loan | 13 | 7 | Vista Village Shopping Center | 6,090 | 3.1% | $500,000 | $10,000 | $500,000 | $500,000 | $16,251 | $500,000 | $123,260 | $61,630 | $0 | $0 | $127,050 | $185,758 | $0 | |
Loan | 5, 14 | 8 | Landmark West Loop | N/A | N/A | $0 | $5,131 | $0 | $0 | $875 | $0 | $300,000 | $100,000 | $0 | $0 | $0 | $0 | $0 | |
Loan | 9, 15, 16 | 9 | Southgate Owners Corp | N/A | N/A | $0 | $0 | $0 | $0 | $0 | $0 | $763,264 | $381,632 | $119,048 | $14,881 | $0 | $0 | $0 | |
Loan | 5, 10 | 10 | Great Wolf Lodge Southern California | N/A | N/A | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $244,016 | $0 | $0 | $0 | $2,000,000 | $0 | |
Loan | 11 | Seekonk Crossing | 8,658 | 3.8% | $0 | $3,597 | $102,000 | $200,000 | $18,923 | $200,000 | $58,809 | $58,809 | $0 | $0 | $0 | $0 | $0 | ||
Loan | 12 | Century Towers | N/A | N/A | $61,128 | $9,283 | $0 | $0 | $10,164 | $0 | $37,673 | $7,535 | $0 | $0 | $36,563 | $0 | $0 | ||
Loan | 13 | Esplanade Apartments | N/A | N/A | $0 | $4,042 | $0 | $0 | $0 | $0 | $16,332 | $16,332 | $23,603 | $3,388 | $5,000 | $0 | $0 | ||
Loan | 14 | Pontiac West Industrial | N/A | N/A | $0 | $7,352 | $0 | $0 | $8,334 | $300,000 | $29,654 | $4,743 | $0 | $4,218 | $1,783,936 | $0 | $0 | ||
Loan | 10 | 15 | Artisan Square | 2,484 | 3.7% | $0 | $538 | $12,912 | $150,000 | $3,385 | $150,000 | $4,622 | $4,622 | $2,203 | $2,203 | $0 | $902,228 | $0 | |
Loan | 16 | Woodlands Village Shopping Center | 4,020 | 4.4% | $0 | $2,109 | $0 | $0 | $5,738 | $0 | $0 | $9,655 | $0 | $0 | $0 | $113,097 | $0 | ||
Loan | 17 | 17 | The Village at Eldorado | 2,800 | 4.7% | $0 | $748 | $0 | $400,000 | $0 | $240,000 | $97,110 | $32,370 | $0 | $0 | $0 | $428,554 | $0 | |
Loan | 18 | 5850 Hellyer Avenue | N/A | N/A | $0 | $914 | $21,936 | $0 | $11,429 | $274,295 | $12,741 | $12,741 | $0 | $0 | $0 | $0 | $0 | ||
Loan | 18, 19 | 19 | 223 East Town Street Apartments | N/A | N/A | $0 | $1,750 | $0 | $0 | $0 | $0 | $67,458 | $22,486 | $10,299 | $1,716 | $0 | $2,500,000 | $0 | |
Loan | 20 | Mercedes-Benz R&D Building | N/A | N/A | $0 | $1,326 | $31,824 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | ||
Loan | 8 | 21 | The Market at Lake Tapps | 4,500 | 5.8% | $0 | $0 | $0 | $0 | $0 | $0 | $96,441 | $16,073 | $0 | $0 | $0 | $118,488 | $0 | |
Loan | 22 | Downtown Farmington Center | 4,063 | 4.2% | $0 | $1,202 | $43,287 | $0 | $6,814 | $135,000 | $91,240 | $15,934 | $0 | $0 | $0 | $232,425 | $0 | ||
Loan | 23 | Stonewater Place Apartments | N/A | N/A | $0 | $2,500 | $0 | $0 | $0 | $0 | $58,125 | $19,375 | $37,500 | $3,125 | $0 | $0 | $0 | ||
Loan | 20 | 24 | Augusta Woods Plaza | 3,072 | 6.4% | $0 | $412 | $0 | $0 | $3,787 | $181,762 | $46,428 | $23,214 | $0 | $0 | $0 | $1,500,000 | $0 | |
Loan | 6 | 25 | Montana and Mentone Apartments Portfolio | $100,000 | $1,021 | $0 | $0 | $0 | $0 | $11,895 | $11,895 | $1,775 | $1,775 | $38,750 | $0 | $0 | |||
Property | 25.01 | 12340 Montana Avenue | N/A | N/A | |||||||||||||||
Property | 25.02 | 3445 Mentone Avenue | N/A | N/A | |||||||||||||||
Loan | 26 | Northpoint Shopping Center | 8,630 | 7.8% | $0 | $2,548 | $111,000 | $0 | $4,023 | $265,000 | $28,047 | $14,021 | $5,454 | $5,458 | $107,550 | $112,500 | $0 | ||
Loan | 27 | Olde Mill Plaza | 2,536 | 2.4% | $0 | $1,323 | $47,631 | $0 | $5,733 | $125,000 | $101,430 | $14,490 | $0 | $0 | $7,125 | $0 | $0 | ||
Loan | 5, 6, 7, 9, 21 | 28 | Residence Inn National Portfolio | $0 | $0 | $0 | $0 | $0 | $0 | $92,030 | $0 | $0 | $0 | $96,000 | $1,089,000 | $0 | |||
Property | 28.01 | Residence Inn Boulder | N/A | N/A | |||||||||||||||
Property | 28.02 | Residence Inn Atlanta Buckhead | N/A | N/A | |||||||||||||||
Property | 28.03 | Residence Inn Dallas Las Colinas | N/A | N/A | |||||||||||||||
Property | 28.04 | Residence Inn Philadelphia Valley Forge | N/A | N/A | |||||||||||||||
Loan | 29 | Lowell Medical Office | N/A | N/A | $249,400 | $1,297 | $0 | $0 | $6,720 | $0 | $8,313 | $8,313 | $0 | $0 | $0 | $0 | $0 | ||
Loan | 30 | Hillcrest Apartments | N/A | N/A | $0 | $2,250 | $0 | $0 | $0 | $0 | $10,109 | $10,109 | $0 | $0 | $584,955 | $0 | $0 | ||
Loan | 31 | Lovejoy Village | 2,400 | 2.8% | $0 | $1,977 | $0 | $24,500 | $4,699 | $169,422 | $47,110 | $11,778 | $0 | $0 | $38,125 | $44,800 | $0 | ||
Loan | 6, 10 | 32 | Covington Self Storage Portfolio | $0 | $1,331 | $79,840 | $0 | $0 | $0 | $25,573 | $5,115 | $0 | $0 | $459,545 | $0 | $0 | |||
Property | 32.01 | Budget Self Storage | N/A | N/A | |||||||||||||||
Property | 32.02 | Covington Stor-It | N/A | N/A | |||||||||||||||
Loan | 33 | Commercial Drive Retail Center | 4,348 | 2.4% | $0 | $1,835 | $0 | $150,000 | $15,288 | $1,000,000 | $130,534 | $31,426 | $0 | $0 | $0 | $133,484 | $0 | ||
Loan | 34 | South Philly Plaza | 3,109 | 9.1% | $0 | $511 | $0 | $100,000 | $4,257 | $100,000 | $5,053 | $5,053 | $2,159 | $2,159 | $28,344 | $0 | $0 | ||
Loan | 22 | 35 | Nike East LA | N/A | N/A | $0 | $323 | $0 | $0 | $1,617 | $0 | $59,829 | $11,966 | $1,697 | $1,697 | $0 | $0 | $0 | |
Loan | 36 | Tree Lane Portfolio | 3,459 | 10.4% | $0 | $582 | $0 | $100,000 | $4,167 | $250,000 | $29,958 | $7,491 | $2,541 | $1,269 | $0 | $29,298 | $0 | ||
Loan | 37 | Walgreens Pharmacy - Park Ridge | N/A | N/A | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | ||
Loan | 38 | Airship Self Storage - NJ | N/A | N/A | $0 | $514 | $12,326 | $0 | $0 | $0 | $9,254 | $4,627 | $5,098 | $425 | $0 | $0 | $0 | ||
Loan | 39 | Walgreens Broadway Everett | N/A | N/A | $0 | $172 | $2,064 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | ||
Loan | 40 | AAA Self Storage 20 | N/A | N/A | $0 | $753 | $27,119 | $0 | $0 | $0 | $32,552 | $4,069 | $0 | $0 | $0 | $0 | $0 | ||
Loan | 41 | CVS Audubon PA | N/A | N/A | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | ||
Loan | 42 | Bentwood Apartments | N/A | N/A | $0 | $2,758 | $0 | $0 | $0 | $0 | $30,926 | $6,185 | $0 | $0 | $0 | $0 | $0 | ||
Loan | 43 | Whisperwood Apartments | N/A | N/A | $0 | $2,492 | $0 | $0 | $0 | $0 | $26,042 | $5,208 | $0 | $0 | $0 | $0 | $0 | ||
Loan | 44 | Brighton Greens Office Park | 3,047 | 6.3% | $0 | $0 | $0 | $0 | $4,028 | $150,000 | $7,184 | $7,184 | $836 | $836 | $37,500 | $0 | $0 | ||
Loan | 45 | Sunstone Mini Storage | N/A | N/A | $0 | $851 | $51,075 | $0 | $0 | $0 | $2,122 | $2,122 | $0 | $0 | $0 | $0 | $0 | ||
Loan | 46 | Gateway Office Plaza | 2,024 | 7.7% | $0 | $435 | $10,449 | $0 | $3,265 | $78,369 | $21,612 | $5,403 | $0 | $0 | $0 | $0 | $0 | ||
Loan | 47 | CVS Las Vegas | N/A | N/A | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | ||
Loan | 48 | CVS (Ground Lease) Glen Ellyn | N/A | N/A | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | ||
Loan | 49 | Wells Fargo at Stonehall Bethesda | N/A | N/A | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
A-1-11
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Property Flag | Footnotes | Loan ID | Property Name | Other Reserves Description | Appraisal Report Date | Environmental Phase I Report Date | Environmental Phase II Report Date | Engineering Report Date | Seismic Report Date | Seismic Zone (Y/N) | PML % | ||
Loan | 11 | 1 | Newport Office Center VI | Ground Rent Reserve Account | 2/19/2019 | 2/7/2019 | N/A | 2/11/2019 | N/A | No | N/A | ||
Loan | 2 | 350 Rhode Island South | Samsara Reserve | 1/25/2019 | 1/2/2019 | N/A | 1/2/2019 | 1/4/2019 | Yes - 3 | 7.0% | |||
Loan | 5, 10 | 3 | Tower 28 | N/A | 1/29/2019 | 1/10/2019 | N/A | 1/10/2019 | N/A | No | N/A | ||
Loan | 4 | 131 Albright | N/A | 12/6/2018 | 12/4/2018 | N/A | 12/3/2018 | 12/10/2018 | Yes - 4 | 9.0% | |||
Loan | 12 | 5 | Grand Oaks Business Park | Outstanding TI/LC; Outstanding Free Rent | 1/7/2019 | Various | N/A | 12/26/2018 | N/A | No | N/A | ||
Loan | 5, 6 | 6 | ILPT Hawaii Portfolio | N/A | Various | Various | N/A | Various | N/A | No | N/A | ||
Loan | 13 | 7 | Vista Village Shopping Center | Landlord Obligation Reserve | 2/25/2019 | 11/19/2018 | 1/28/2019 | 11/19/2018 | 2/19/2019 | Yes - 4 | 4% for buildings 2, 3, 4, B, C, G, H & E; 6% for buildings 400/450 & A | ||
Loan | 5, 14 | 8 | Landmark West Loop | N/A | 1/16/2019 | 1/25/2019 | N/A | 1/25/2019 | N/A | No | N/A | ||
Loan | 9, 15, 16 | 9 | Southgate Owners Corp | N/A | 12/3/2018 | 11/8/2018 | N/A | 11/8/2018 | N/A | No | N/A | ||
Loan | 5, 10 | 10 | Great Wolf Lodge Southern California | N/A | 12/19/2018 | 12/6/2018 | N/A | 12/6/2018 | 12/6/2018 | Yes - 4 | 4.0% | ||
Loan | 11 | Seekonk Crossing | N/A | 12/5/2018 | 12/10/2018 | N/A | 12/10/2018 | N/A | No | N/A | |||
Loan | 12 | Century Towers | N/A | 12/6/2018 | 11/27/2018 | N/A | 11/27/2018 | N/A | No | N/A | |||
Loan | 13 | Esplanade Apartments | N/A | 12/18/2018 | 12/13/2018 | N/A | 12/13/2018 | N/A | No | N/A | |||
Loan | 14 | Pontiac West Industrial | N/A | 3/4/2019 | 2/1/2019 | N/A | 1/16/2019 | N/A | No | N/A | |||
Loan | 10 | 15 | Artisan Square | Existing TI/LC Reserve | 12/21/2018 | 12/6/2018 | N/A | 12/6/2018 | 12/6/2018 | Yes - 4 | 7.0% | ||
Loan | 16 | Woodlands Village Shopping Center | Roof Repair Reserve ; Existing TI/LC Reserve | 2/5/2019 | 1/16/2019 | N/A | 1/16/2019 | N/A | No | N/A | |||
Loan | 17 | 17 | The Village at Eldorado | Capitalized Holdback ; Rent Concession/Tenant Specific TILC Reserve | 1/21/2019 | 12/27/2018 | N/A | 12/27/2018 | N/A | No | N/A | ||
Loan | 18 | 5850 Hellyer Avenue | N/A | 1/28/2019 | 1/1/2019 | N/A | 1/16/2019 | 1/16/2019 | Yes - 4 | 17.0% | |||
Loan | 18, 19 | 19 | 223 East Town Street Apartments | Occupancy Reserve Funds | 1/29/2019 | 12/26/2018 | N/A | 12/26/2018 | N/A | No | N/A | ||
Loan | 20 | Mercedes-Benz R&D Building | N/A | 1/23/2019 | 1/10/2019 | N/A | 1/10/2019 | 1/10/2019 | Yes - 4 | 17.0% | |||
Loan | 8 | 21 | The Market at Lake Tapps | Environmental Escrow; Environmental Insurance | 2/7/2019 | 9/14/2018 | 1/17/2019 | 9/4/2018 | 9/4/2018 | Yes - 4 | 11.0% | ||
Loan | 22 | Downtown Farmington Center | Environmental Reserve; Environmental Insurance Reserve; Fitness 19 Roof Repair Reserve | 8/8/2018 | 7/9/2018 | 8/28/2018 | 7/9/2018 | N/A | No | N/A | |||
Loan | 23 | Stonewater Place Apartments | N/A | 11/28/2018 | 11/13/2018 | N/A | 12/6/2018 | N/A | No | N/A | |||
Loan | 20 | 24 | Augusta Woods Plaza | Economic Holdback Reserve | 12/17/2018 | 10/23/2018 | N/A | 10/23/2018 | N/A | No | N/A | ||
Loan | 6 | 25 | Montana and Mentone Apartments Portfolio | N/A | |||||||||
Property | 25.01 | 12340 Montana Avenue | 1/10/2019 | 12/19/2018 | N/A | 12/18/2018 | 12/18/2018 | Yes | 13.0% | ||||
Property | 25.02 | 3445 Mentone Avenue | 1/10/2019 | 12/19/2018 | N/A | 12/18/2018 | 12/18/2018 | Yes | 15.0% | ||||
Loan | 26 | Northpoint Shopping Center | Existing TI/LC Reserve | 11/21/2018 | 10/29/2018 | N/A | 12/10/2018 | N/A | No | N/A | |||
Loan | 27 | Olde Mill Plaza | N/A | 1/6/2019 | 1/8/2019 | N/A | 1/8/2019 | N/A | No | N/A | |||
Loan | 5, 6, 7, 9, 21 | 28 | Residence Inn National Portfolio | PIP Reserve | |||||||||
Property | 28.01 | Residence Inn Boulder | 12/4/2018 | 12/20/2018 | N/A | 12/20/2018 | N/A | No | N/A | ||||
Property | 28.02 | Residence Inn Atlanta Buckhead | 12/10/2018 | 12/20/2018 | N/A | 12/20/2018 | N/A | No | N/A | ||||
Property | 28.03 | Residence Inn Dallas Las Colinas | 12/4/2018 | 12/20/2018 | N/A | 12/20/2018 | N/A | No | N/A | ||||
Property | 28.04 | Residence Inn Philadelphia Valley Forge | 12/4/2018 | 12/20/2018 | N/A | 12/20/2018 | N/A | No | N/A | ||||
Loan | 29 | Lowell Medical Office | N/A | 1/31/2019 | 11/30/2018 | N/A | 11/30/2018 | N/A | No | N/A | |||
Loan | 30 | Hillcrest Apartments | N/A | 2/6/2019 | 1/24/2019 | N/A | 2/11/2019 | N/A | No | N/A | |||
Loan | 31 | Lovejoy Village | Tapas Bar & Grill Rent and Kroger Roof Repair | 11/6/2018 | 10/22/2018 | N/A | 10/22/2018 | N/A | No | N/A | |||
Loan | 6, 10 | 32 | Covington Self Storage Portfolio | N/A | 2/14/2019 | ||||||||
Property | 32.01 | Budget Self Storage | 2/19/2019 | 12/24/2018 | N/A | 12/26/2018 | N/A | No | N/A | ||||
Property | 32.02 | Covington Stor-It | 2/19/2019 | 12/26/2018 | N/A | 12/26/2018 | N/A | No | N/A | ||||
Loan | 33 | Commercial Drive Retail Center | At Home Rent Abatements | 12/19/2018 | 12/3/2018 | N/A | 12/3/2018 | N/A | No | N/A | |||
Loan | 34 | South Philly Plaza | N/A | 1/2/2019 | 12/17/2018 | N/A | 12/17/2018 | N/A | No | N/A | |||
Loan | 22 | 35 | Nike East LA | N/A | 12/28/2018 | 12/19/2018 | N/A | 12/21/2018 | 12/21/2018 | Yes - 4 | 8.0% | ||
Loan | 36 | Tree Lane Portfolio | Rent Concession Reserve | 12/5/2018 | 11/26/2018 | N/A | 11/26/2018 | N/A | No | N/A | |||
Loan | 37 | Walgreens Pharmacy - Park Ridge | N/A | 12/3/2018 | 11/14/2018 | N/A | 11/14/2018 | N/A | No | N/A | |||
Loan | 38 | Airship Self Storage - NJ | N/A | 12/30/2018 | N/A | N/A | 12/10/2018 | N/A | No | N/A | |||
Loan | 39 | Walgreens Broadway Everett | N/A | 12/19/2018 | 12/27/2018 | N/A | 12/27/2018 | 12/27/2018 | Yes - 3 | 8.0% | |||
Loan | 40 | AAA Self Storage 20 | N/A | 1/25/2019 | 1/17/2019 | N/A | 1/17/2019 | N/A | No | N/A | |||
Loan | 41 | CVS Audubon PA | N/A | 12/28/2018 | 12/14/2018 | N/A | 12/14/2018 | N/A | No | N/A | |||
Loan | 42 | Bentwood Apartments | N/A | 11/28/2018 | 11/21/2018 | N/A | 11/27/2018 | N/A | No | N/A | |||
Loan | 43 | Whisperwood Apartments | N/A | 12/4/2018 | 11/21/2018 | N/A | 11/27/2018 | N/A | No | N/A | |||
Loan | 44 | Brighton Greens Office Park | N/A | 1/7/2019 | N/A | N/A | 12/19/2018 | 12/19/2018 | Yes - 3 | 4.0% | |||
Loan | 45 | Sunstone Mini Storage | N/A | 12/18/2018 | 11/26/2018 | N/A | 11/26/2018 | N/A | No | N/A | |||
Loan | 46 | Gateway Office Plaza | N/A | 1/30/2019 | 1/17/2019 | N/A | 1/17/2019 | N/A | No | N/A | |||
Loan | 47 | CVS Las Vegas | N/A | 1/22/2019 | 1/3/2019 | N/A | 1/3/2019 | N/A | No | N/A | |||
Loan | 48 | CVS (Ground Lease) Glen Ellyn | N/A | 1/14/2019 | 1/3/2019 | N/A | N/A | N/A | N/A | N/A | |||
Loan | 49 | Wells Fargo at Stonehall Bethesda | N/A | 12/19/2018 | 10/26/2018 | N/A | 12/17/2018 | N/A | No | N/A |
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Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Property Flag | Footnotes | Loan ID | Property Name | Cut-off Date Pari Passu Mortgage Debt Balance | Coop - Committed Secondary Debt | Cut-off Date Subord. Mortgage Debt Balance | Total Mortgage Debt Cut-off Date LTV Ratio | Total Mortgage Debt UW NCF DSCR | Total Mortgage Debt UW NOI Debt Yield | Cut-off Date Mezzanine Debt Balance | Total Debt Cut-off Date LTV Ratio | Total Debt UW NCF DSCR | Total Debt UW NOI Debt Yield | Coop - Rental Value | Coop - LTV as Rental | Coop - Unsold Percent | Coop - Sponsor Units | Coop - Investor Units | Coop - Coop Units | Coop - Sponsor/ Investor Carry | |||
Loan | 11 | 1 | Newport Office Center VI | ||||||||||||||||||||
Loan | 2 | 350 Rhode Island South | |||||||||||||||||||||
Loan | 5, 10 | 3 | Tower 28 | $56,000,000 | $53,000,000 | 49.3% | 1.49x | 8.8% | $50,000,000 | 64.2% | 1.07x | 6.8% | |||||||||||
Loan | 4 | 131 Albright | |||||||||||||||||||||
Loan | 12 | 5 | Grand Oaks Business Park | ||||||||||||||||||||
Loan | 5, 6 | 6 | ILPT Hawaii Portfolio | $600,000,000 | 45.2% | 2.40x | 10.6% | ||||||||||||||||
Loan | 13 | 7 | Vista Village Shopping Center | ||||||||||||||||||||
Loan | 5, 14 | 8 | Landmark West Loop | $45,000,000 | 60.9% | 1.54x | 6.9% | $20,000,000 | 75.3% | 1.11x | 5.6% | ||||||||||||
Loan | 9, 15, 16 | 9 | Southgate Owners Corp | $495,000,000 | 5.6% | 5.2% | 21 | 0 | 0 | -$131,326 | |||||||||||||
Loan | 5, 10 | 10 | Great Wolf Lodge Southern California | $125,000,000 | $20,000,000 | 56.1% | 1.89x | 12.9% | |||||||||||||||
Loan | 11 | Seekonk Crossing | |||||||||||||||||||||
Loan | 12 | Century Towers | |||||||||||||||||||||
Loan | 13 | Esplanade Apartments | |||||||||||||||||||||
Loan | 14 | Pontiac West Industrial | |||||||||||||||||||||
Loan | 10 | 15 | Artisan Square | ||||||||||||||||||||
Loan | 16 | Woodlands Village Shopping Center | |||||||||||||||||||||
Loan | 17 | 17 | The Village at Eldorado | ||||||||||||||||||||
Loan | 18 | 5850 Hellyer Avenue | |||||||||||||||||||||
Loan | 18, 19 | 19 | 223 East Town Street Apartments | ||||||||||||||||||||
Loan | 20 | Mercedes-Benz R&D Building | |||||||||||||||||||||
Loan | 8 | 21 | The Market at Lake Tapps | ||||||||||||||||||||
Loan | 22 | Downtown Farmington Center | |||||||||||||||||||||
Loan | 23 | Stonewater Place Apartments | |||||||||||||||||||||
Loan | 20 | 24 | Augusta Woods Plaza | ||||||||||||||||||||
Loan | 6 | 25 | Montana and Mentone Apartments Portfolio | ||||||||||||||||||||
Property | 25.01 | 12340 Montana Avenue | |||||||||||||||||||||
Property | 25.02 | 3445 Mentone Avenue | |||||||||||||||||||||
Loan | 26 | Northpoint Shopping Center | |||||||||||||||||||||
Loan | 27 | Olde Mill Plaza | |||||||||||||||||||||
Loan | 5, 6, 7, 9, 21 | 28 | Residence Inn National Portfolio | $27,050,000 | 65.0% | 2.49x | 18.0% | ||||||||||||||||
Property | 28.01 | Residence Inn Boulder | |||||||||||||||||||||
Property | 28.02 | Residence Inn Atlanta Buckhead | |||||||||||||||||||||
Property | 28.03 | Residence Inn Dallas Las Colinas | |||||||||||||||||||||
Property | 28.04 | Residence Inn Philadelphia Valley Forge | |||||||||||||||||||||
Loan | 29 | Lowell Medical Office | |||||||||||||||||||||
Loan | 30 | Hillcrest Apartments | |||||||||||||||||||||
Loan | 31 | Lovejoy Village | |||||||||||||||||||||
Loan | 6, 10 | 32 | Covington Self Storage Portfolio | ||||||||||||||||||||
Property | 32.01 | Budget Self Storage | |||||||||||||||||||||
Property | 32.02 | Covington Stor-It | |||||||||||||||||||||
Loan | 33 | Commercial Drive Retail Center | |||||||||||||||||||||
Loan | 34 | South Philly Plaza | |||||||||||||||||||||
Loan | 22 | 35 | Nike East LA | ||||||||||||||||||||
Loan | 36 | Tree Lane Portfolio | |||||||||||||||||||||
Loan | 37 | Walgreens Pharmacy - Park Ridge | |||||||||||||||||||||
Loan | 38 | Airship Self Storage - NJ | |||||||||||||||||||||
Loan | 39 | Walgreens Broadway Everett | |||||||||||||||||||||
Loan | 40 | AAA Self Storage 20 | |||||||||||||||||||||
Loan | 41 | CVS Audubon PA | |||||||||||||||||||||
Loan | 42 | Bentwood Apartments | |||||||||||||||||||||
Loan | 43 | Whisperwood Apartments | |||||||||||||||||||||
Loan | 44 | Brighton Greens Office Park | |||||||||||||||||||||
Loan | 45 | Sunstone Mini Storage | |||||||||||||||||||||
Loan | 46 | Gateway Office Plaza | |||||||||||||||||||||
Loan | 47 | CVS Las Vegas | |||||||||||||||||||||
Loan | 48 | CVS (Ground Lease) Glen Ellyn | |||||||||||||||||||||
Loan | 49 | Wells Fargo at Stonehall Bethesda |
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BANK 2019-BNK17 | |
Footnotes to Annex A-1 | |
(1) | MSBNA—Morgan Stanley Bank, N.A.; BANA—Bank of America, National Association; MSMCH—Morgan Stanley Mortgage Capital Holdings LLC; WFB—Wells Fargo Bank, National Association |
(2) | Certain tenants may not be in occupancy or may be in free rent periods. See"Description of the Mortgage Pool—Tenant Issues—Lease Expirations and Terminations—Other” in this prospectus for information regarding the 5 largest tenants at mortgaged properties securing the 15 largest mortgage loans which are not in occupancy or are in free rent periods. |
(3) | The Administrative Fee Rate includes the master servicing fee rate, operating advisor fee rate, certificate administrator/trustee fee rate, asset representations reviewer fee rate, primary or sub-servicing servicing fee rate, CREFC® license fee rate and, with respect to any non-serviced mortgage loan, pari passu loan primary servicing fee rate, in each case applicable to the related mortgage loan. |
(4) | Certain tenants may have lease termination options that are exercisable prior to the originally stated expiration date of the subject lease. See"Description of the Mortgage Pool—Tenant Issues—Lease Expirations and Terminations—Terminations” for information regarding certain lease termination options affecting the 5 largest tenants at mortgaged properties securing the 15 largest mortgage loans. |
(5) | Each of the Tower 28 Mortgage Loan (Mortgage Loan No. 3), the ILPT Hawaii Portfolio Mortgage Loan (Mortgage Loan No. 6), the Landmark West Loop Mortgage Loan (Mortgage Loan No. 8), the Great Wolf Lodge Southern California Mortgage Loan (Mortgage Loan No. 10) and the Residence Inn National Portfolio Mortgage Loan (Mortgage Loan No. 28) is part of a whole loan related to the Issuing Entity. For further information, see“Description of the Mortgage Pool—The Whole Loans—The Serviced Pari Passu Whole Loans”, “—The Non-Serviced Pari Passu Whole Loans”, “—The ILPT Hawaii Whole Loan,” “—The Tower 28 A/B Whole Loan,” “—The Landmark West Loop Whole Loan,” and “Pooling and Servicing Agreement" and “Pooling and Servicing Agreement—Servicing of the Non-Serviced Mortgage Loans”,as applicable, in this prospectus. |
(6) | With respect to Mortgage Loan No. 6, the ILPT Hawaii Portfolio Mortgage Loan, Mortgage Loan No. 25, Montana and Mentone Apartments Portfolio, Mortgage Loan No. 28, Residence Inn National Portfolio and Mortgage Loan No. 32, Covington Self Storage Portfolio, each such Mortgage Loan is secured by multiple properties. For purposes of the statistical information set forth in this prospectus as to such Mortgage Loans, all LTV, DSCR, Debt Yield and Cut-off Date Balance per SF/Units/Rooms/Pads calculations are shown on an aggregate basis, and a portion of the Cut-off Date Balance has been allocated to each Mortgaged Property based on the respective Appraised Values and/or UW NCF, among other methods. |
(7) | With respect to Mortgage Loan No. 28, Residence Inn National Portfolio, the related loan documents permit a partial collateral release subject to LTV, DSCR and/or Debt Yield tests, or other release conditions in connection with a partial defeasance or prepayment of the related Mortgage Loan. See“Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Defeasance” and “—Releases; Partial Releases” in this prospectus. |
(8) | With respect to Mortgage Loan No. 21, The Market at Lake Tapps, the related loan documents permit one or more outparcel or other releases without prepayment or defeasance. See“Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Releases; Partial Releases” in this prospectus. |
(9) | With respect to Mortgage Loan No. 9, Southgate Owners Corp and Mortgage Loan No. 28, Residence Inn National Portfolio, the related mortgage loan documents permit future subordinate secured financing or mezzanine financing and such rights are generally subject to compliance with certain combined LTV, DSCR and/or Debt Yield tests. See“Description of the Mortgage Pool—Additional Indebtedness—Mezzanine Indebtedness” and “—Other Secured Indebtedness” in this prospectus. |
(10) | With respect to Mortgage Loan No. 3, Tower 28, the Appraised Value includes $55,000,000 attributable to the net present value of a 421-a tax abatement applicable to the Mortgaged Property. The Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD based on the $280,000,000 appraised value excluding the net present value of the tax abatement is 40.0% and 34.5%, respectively, for the Mortgage Loan and 58.9% and 51.3% respectively, for the related Whole Loan. |
With respect to Mortgage Loan No. 10, Great Wolf Lodge, the Appraised Value shown assumes that the Great Wolf Lodge Southern California Property is encumbered by the Disposition and Development Agreement (“DDA”) and Transient Occupancy Tax rebates are due (See “Description of the Mortgage Pool—Real Estate and Other Tax Considerations” in this prospectus). The sponsor-affiliated developers have completed the construction requirements contemplated by the DDA, and a release of construction covenants has been recorded. The appraiser also concluded to a value of $293,300,000, which assumes that the Great Wolf Lodge Southern California Property is not encumbered by the DDA and no Transient Occupancy Tax rebates are due, which would equate to (i) a Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD based for the Mortgage Loan of 51.% and (ii) a Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD for the related Whole Loan of 58.0%. | |
With respect to Mortgage Loan No. 15, Artisan Square, the Appraised Value assumes that all tenants that have executed leases but are in the process of building out their spaces are in occupancy and paying full, unabated rent. A reserve was taken at close for all outstanding tenant improvement and leasing commissions. The appraised value assuming tenants in the |
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process of building out their spaces are not in occupancy and paying full, unabated rent is $20,800,000. The Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD based on the $20,800,000 appraised value is 74.5%. |
With respect to Mortgage Loan No. 32, Covington Self Storage Portfolio, the “As Portfolio” value as of December 21, 2018 is being used which assumes a $100,000 premium over the aggregate individual appraised values. The aggregate individual appraised values of $9,200,000 results in a Cut-off Date LTV of 73.4% and a Maturity Date LTV of 65.4%. | |
(11) | With respect to Mortgage Loan No. 1, Newport Office Center VI, the largest tenant, The Depository Trust & Clearing Corp. (“DTCC”) (96.5% of NRA and 95.2% of UW Base Rent) occupies its space under a direct lease (19.4% of NRA and 14.8% of UW Base Rent which expires 12/31/2032) and a sublease from JPMorgan Chase Bank, National Association (77.1% of NRA and 80.5% of Base Rent which expires 6/30/2022). DTCC has already signed a direct lease for its subleased space, to commence immediately upon expiration of its sublease which expires 12/31/2032. |
(12) | With respect to Mortgage Loan No. 5, Grand Oaks Business Park, in the event the balance of the TI/LC reserve falls below $500,000 the reserve is required to be replenished at a rate of $1.00 PSF per annum until the TI/LC Reserve Cap of $1,500,000 is reached. |
(13) | With respect to Mortgage Loan No. 7, Vista Village Shopping Center, the Vista Village Shopping Center Borrower has a ground lease with the City of Vista, California for an approximately 698 SF plot of vacant land at the corner of Vista Village Drive and State Route 78 used to display property signage. The ground lease commenced August 15, 2003 with an initial 20-year term and three ten-year renewal options plus one five-year renewal option. The annual ground rent due is $1.00. |
(14) | With respect to Mortgage Loan No. 8, Landmark West Loop, the lockbox is soft with respect to residential tenants and hard with respect to any non-residential tenants. |
(15) | With respect to Mortgage Loan No. 9, Southgate Owners Corp, the borrower is a cooperative housing corporation. No individual or entity (other than the borrower) has recourse obligations with respect to the loans, including pursuant to any guaranty or environmental indemnity. Accordingly, no information is presented in the column labeled Sponsor or Guarantor in Annex A-1. In addition, with respect to information presented in Annex A-1 with respect to the Southgate Owners Corp mortgage loan: (1) Coop – Sponsor Units refers to the number of units owned by the original sponsor responsible for the mortgaged property’s conversion into cooperative ownership; such sponsor may rent its units or opt to market them for sale (either individually or as a whole); (2) Coop – Investor Units refers to a bulk number of units owned by a non-tenant investor(s), who can rent or sell the units; (3) Coop – Coop Units refers to the number of units owned by the borrower, which is a cooperative corporation; in this capacity, the cooperative may manage its units as an investor would or use the units for the benefit of its cooperative members; (4) Coop – Unsold Percent refers to the ratio of the total number of units collectively owned by the original sponsor, a non-tenant investor or the cooperative corporation to the number of units with shares allocated; and (5) Coop – Sponsor/Investor Carry is the sponsor’s or the investor’s net cash flow calculated by subtracting maintenance charges on the sponsor or investor owned units from the actual rents payable on such units, to the extent available. In addition, due to the specialized nature of residential housing cooperatives, certain information presented in and shown on Annex A-1 with respect to other mortgage loans is not presented with respect to the Southgate Owners Corp mortgage loan and is, instead, reflected as not applicable (N/A). For example, since residential cooperatives are not-for-profit entities that generally set maintenance fees to cover current expenses and plan for future capital needs and a residential cooperative is generally able to increase or decrease maintenance fees according to its anticipated expenses and level of cash reserves, historical Net Operating Income figures for residential cooperative properties are generally not representative of the cash flow generated by the property if it were operated as a multifamily rental property. Accordingly, the Most Recent NOI, Second Most Recent NOI, Third Most Recent NOI, and the related fields shown on Annex A-1 are not presented on Annex A-1 with respect to the Southgate Owners Corp Mortgage Loan. |
(16) | For Mortgage Loan No. 9, Southgate Owners Corp, see “Risk Factors-Risks Relating to the Mortgage Loans-Residential Cooperative Properties Have Special Risks” with respect to the determination of certain fields on Annex A-1, including but not limited to the Appraised Value, Coop-Rental Value, Underwritten NOI and Underwritten NCF. |
(17) | With respect to Mortgage Loan No. 17, The Village at Eldorado, all LTVs, DSCRs and Debt Yields are calculated assuming the full loan amount of $14,800,000. Provided no event of default has occurred or is continuing, the Holdback can be disbursed in whole or in part if the initial principal balance of the loan can be reduced by the holdback (in whole or in part) and would result in a net cash flow debt yield of 8.75%. If the Holdback has not been released by February 1, 2021, the lender will apply the unreleased proceeds to pay down the loan, accompanied by the applicable yield maintenance premium to be paid by the borrower. Assuming the full Holdback balance is applied to the full loan amount of $14,800,000, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, U/W NOI DSCR, U/W NCF DSCR, U/W NOI Debt Yield and U/W NCF Debt Yield are 55.9%, 55.9%, 2.00x, 1.95x, 10.0% and 9.7%, respectively. |
(18) | With respect to Mortgage Loan No. 19, 223 East Town Street Apartments, the related Mortgaged Property has a master lease encumbering 12 residential units with Stay Alfred (which rents the 12 (of the 84 total) units individually and on a short-term basis via their online platform) through 11/1/2020. The master tenant currently pays $19,974/month (an average $1,664.50 per month per unit) with annual increases each November of 3.0%. A direct tenant would pay an average of $1,568.33 per month per unit. |
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(19) | With respect to Mortgage Loan No. 19, 223 East Town Street Apartments, the related Mortgage Loan documents include a $2,500,000 “Occupancy Reserve Account” which may be released upon achievement of an 8.25% debt yield test no later than April 1, 2020 and the commercial tenant (The Woodbury - restaurant) being open for business. |
(20) | With respect to Mortgage Loan No. 24, Augusta Woods Plaza, all LTVs, DSCRs and Debt Yields are calculated assuming the full loan net of the holdback amount of $1,500,000. The Holdback can be disbursed in whole or in part in an amount that would result in a minimum net cash flow debt yield of 10.5%, based on the net loan amount of $9,921,000 plus any previously disbursed Holdback. If the Holdback has not been released by December 28, 2020, the lender must apply the unreleased proceeds to pay down the loan, accompanied by the applicable yield maintenance premium to be paid by the borrower. Assuming the full Holdback balance is not applied to the full loan amount of $11,421,000, the Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, U/W NOI DSCR, U/W NCF DSCR, U/W NOI Debt Yield and U/W NCF Debt Yield are 49.1%, 49.1%, 2.22x, 2.15x, 10.9% and 10.6%, respectively. |
(21) | With respect to Mortgage Loan No. 28, Residence Inn National Portfolio, the Monthly Replacement Reserve is required to be an amount equal to the greater of (i) 5% of the gross revenue for each individual property for the preceding calendar month and (ii) the amount of the deposit required by the manager or franchisor, as applicable, on account of FF&E under the brand management agreement or the franchise agreement. The Monthly Replacement Reserve required under the loan documents is reduced dollar for dollar to the extent the brand manager is reserving for replacements under the respective brand management agreements. |
(22) | With respect to Mortgage Loan No. 35, Nike East LA, the lender underwrote the rent for the sole tenant, Nike, on a straight-lined basis for the lease term. |
A. | “Yield Maintenance” shall mean an amount equal to the greater of (i) one percent (1%) of the principal amount of the Loan being prepaid, and (ii) the present value as of the Prepayment Calculation Date of a series of monthly payments over the remaining term of the Loan through and including the Open Prepayment Date each equal to the amount of interest which would be due on the principal amount of the Loan being prepaid assuming a per annum interest rate equal to the excess of the Interest Rate over the Reinvestment Yield, and discounted at the Reinvestment Yield. As used herein, “Reinvestment Yield” means the yield calculated by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H.15-Selected Interest Rates under the heading “U.S. government securities” and the sub-heading “Treasury constant maturities” for the week ending prior to the date of prepayment, of the U.S. Treasury constant maturities with maturity dates (one longer and one equal to or shorter) most nearly approximating the Open Prepayment Date, and converted to a monthly compounded nominal yield. In the event Release H.15 is no longer published, Lender shall select a comparable publication to determine the Reinvestment Yield. The “Prepayment Calculation Date” shall mean, as applicable, the Payment Date on which Lender applies any prepayment to the reduction of the outstanding principal amount of the Note. Lender’s calculation of Yield Maintenance shall be conclusive and binding absent manifest error. |
B. | “Yield Maintenance Premium” shall mean an amount equal to the greater of (i) one percent (1%) of the principal amount of the Loan being prepaid and (ii) an amount equal to the present value as of the Prepayment Date of the Calculated Payments from the Prepayment Date through the Stated Maturity Date determined by discounting such payments at the Discount Rate. As used in this definition, the term “Prepayment Date” shall mean the date on which prepayment is made. As used in this definition, the term “Calculated Payments” shall mean the monthly payments of interest only which would be due based on the principal amount of the Loan being prepaid on the Prepayment Date and assuming an interest rate per annum equal to the difference (if such difference is greater than zero) between (y) the Interest Rate and (z) the Yield Maintenance Treasury Rate. As used in this definition, the term “Discount Rate” shall mean the rate which, when compounded monthly, is equivalent to the Yield Maintenance Treasury Rate, when compounded semiannually. As used in this definition, the term “Yield Maintenance Treasury Rate” shall mean the yield calculated by Lender by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H.15 Selected Interest Rates under the heading U.S. Government Securities/Treasury Constant Maturities for the week ending prior to the Prepayment Date, of U.S. Treasury Constant Maturities with maturity dates (one longer or one shorter) most nearly approximating the Stated Maturity Date. In the event Release H.15 is no longer published, Lender shall select a comparable publication to determine the Yield Maintenance Treasury Rate. In no event, however, shall Lender be required to reinvest any prepayment proceeds in U.S. Treasury obligations or otherwise. |
C. | “Yield Maintenance Premium” shall mean an amount equal to the greater of: (a) one percent (1.0%) of the outstanding principal amount of the Loan or (b) the present value as of the Prepayment Date of the Calculated Payments from the Prepayment Date through the Open Prepayment Date determined by discounting such payments at the Discount Rate. As used in this definition, the term “Prepayment Date” shall mean the date on which prepayment is made. As used in this definition, the term “Calculated Payments” shall mean the monthly payments of interest only which would be due based on the principal amount of the Loan being prepaid on the Prepayment Date and assuming an interest rate per annum equal to the difference (if such difference is greater than zero) between (i) the Interest Rate and (ii) the Yield Maintenance Treasury Rate. As used in this definition, the term “Discount Rate” shall mean the rate which, when compounded monthly, is equivalent to the Yield Maintenance Treasury Rate, when compounded semi-annually. As used in this definition, the term “Yield Maintenance Treasury Rate” shall mean the yield calculated by Lender by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H.15-Selected Interest Rates under the heading U.S. Government Securities/Treasury Constant Maturities for the week ending prior to the Prepayment Date, of U.S. Treasury Constant Maturities with maturity dates (one longer or one shorter) most nearly approximating the Maturity Date. In the event Release H.15 is no longer published, Lender shall select a comparable publication to determine the Yield Maintenance Treasury Rate. In no event, however, shall Lender be required to reinvest any prepayment proceeds in U.S. Treasury obligations or otherwise. |
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D. | “Yield Maintenance Premium” shall mean an amount equal to the greater of the following two amounts: (a) an amount equal to the Applicable Percentage of the amount prepaid; or (b) an amount equal to (i) the amount, if any, by which the sum of the present values as of the prepayment date of all unpaid principal and interest payments required hereunder, calculated by discounting such payments from the respective dates each such payment was due hereunder (or, with respect to the payment required on the Open Period Start Date (assuming the outstanding principal balance of the Loan is due on the Open Period Start Date), from the Open Period Start Date) back to the prepayment date at a discount rate equal to the Periodic Treasury Yield (defined below) exceeds the outstanding principal balance of the Loan as of the prepayment date, multiplied by (ii) a fraction whose numerator is the amount prepaid and whose denominator is the outstanding principal balance of the Loan as of the prepayment date. For purposes of the foregoing, “Periodic Treasury Yield” shall mean (y) the annual yield to maturity of the actively traded non-callable United States Treasury fixed interest rate security (other than any such security which can be surrendered at the option of the holder at face value in payment of federal estate tax or which was issued at a substantial discount) that has a maturity closest to (whether before, on or after) the Open Period Start Date (or if two or more such securities have maturity dates equally close to the Open Period Start Date, the average annual yield to maturity of all such securities), as reported in The Wall Street Journal or other authoritative publication or news retrieval service on the fifth Business Day preceding the prepayment date, divided by (z) 12. Lender’s calculation of the Yield Maintenance Premium, and all component calculations, shall be conclusive and binding on Borrower absent manifest error. |
E. | “Yield Maintenance Premium” shall mean an amount equal to the greater of the following two amounts: (a) an amount equal to the Applicable Percentage of the amount prepaid; or (b) an amount equal to (i) the amount, if any, by which the sum of the present values as of the prepayment date of all unpaid principal and interest payments required hereunder, calculated by discounting such payments from the respective dates each such payment was due hereunder (or, with respect to the payment required on the Open Period Start Date (assuming the outstanding principal balance of the Loan is due on the Open Period Start Date), from the Open Period Start Date) back to the prepayment date at a discount rate equal to the Periodic Treasury Yield (defined below) exceeds the outstanding principal balance of the Loan as of the prepayment date, multiplied by (ii) a fraction whose numerator is the amount prepaid and whose denominator is the outstanding principal balance of the Loan as of the prepayment date. For purposes of the foregoing, “Periodic Treasury Yield” shall mean (y) the annual yield to maturity of the actively traded non-callable United States Treasury fixed interest rate security (other than any such security which can be surrendered at the option of the holder at face value in payment of federal estate tax or which was issued at a substantial discount) that has a maturity closest to (whether before, on or after) the Open Period Start Date (or if two or more such securities have maturity dates equally close to the Open Period Start Date, the average annual yield to maturity of all such securities), as reported in The Wall Street Journal or other authoritative publication or news retrieval service on the fifth Business Day preceding the prepayment date, divided by (z) 12. Lender’s calculation of the Yield Maintenance Premium, and all component calculations, shall be conclusive and binding on Borrower absent manifest error. |
F. | “Yield Maintenance” shall mean an amount equal to the greater of (i) one percent (1%) of the principal amount of the Loan being prepaid, and (ii) the present value as of the Prepayment Calculation Date of a series of monthly payments over the remaining term of the Loan through and including the Open Prepayment Date each equal to the amount of interest which would be due on the principal amount of the Loan being prepaid assuming a per annum interest rate equal to the excess of the Interest Rate over the Reinvestment Yield, and discounted at the Reinvestment Yield. As used herein, “Reinvestment Yield” means the yield calculated by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H.15-Selected Interest Rates under the heading “U.S. government securities” and the sub-heading “Treasury constant maturities” for the week ending prior to the date of prepayment, of the U.S. Treasury constant maturities with maturity dates (one longer and one equal to or shorter) most nearly approximating the Open Prepayment Date, and converted to a monthly compounded nominal yield. In the event Release H.15 is no longer published, Lender shall select a comparable publication to determine the Reinvestment Yield. The “Prepayment Calculation Date” shall mean, as applicable, the Payment Date on which Lender applies any prepayment to the reduction of the outstanding principal amount of the Note. Lender’s calculation of Yield Maintenance shall be conclusive and binding absent manifest error. |
G. | “Yield Maintenance Premium” shall mean an amount equal to the greater of the following two amounts: (a) an amount equal to the Applicable Percentage of the amount prepaid; or (b) an amount equal to (i) the amount, if any, by which the sum of the present values as of the prepayment date of all unpaid principal and interest payments required hereunder, calculated by discounting such payments from the respective dates each such payment was due hereunder (or, with respect to the payment required on the Open Period Start Date (assuming the outstanding principal balance of the Loan is due on the Open Period Start Date), from the Open Period Start Date) back to the prepayment date at a discount rate equal to the Periodic Treasury Yield (defined below) exceeds the outstanding principal balance of the Loan as of the prepayment date, multiplied by (ii) a fraction whose numerator is the amount prepaid and whose denominator is the outstanding principal balance of the Loan as of the prepayment date. For purposes of the foregoing, “Periodic Treasury Yield” shall mean (y) the annual yield to maturity of the actively traded non-callable United States Treasury fixed interest rate security (other than any such security which can be surrendered at the option of the holder at face value in payment of federal estate tax or which was issued at a substantial discount) that has a maturity closest to (whether before, on or after) the Open Period Start Date (or if two or more such securities have maturity dates equally close to the Open Period Start Date, the average annual yield to maturity of all such securities), as reported in The Wall Street Journal or other authoritative publication or news retrieval service on the fifth Business Day preceding the prepayment date, divided by (z) 12. Lender’s calculation of the Yield Maintenance Premium, and all component calculations, shall be conclusive and binding on Borrower absent manifest error. |
H. | “Yield Maintenance Premium” shall mean an amount equal to the greater of: (x) one percent (1%) of the principal amount of this Note being prepaid or (y) the present value as of the Prepayment Date (defined below) of the Calculated Payments (defined below) from the Prepayment Date through the Maturity Date determined by discounting such payments at the Discount Rate (defined below). As used in this definition, the term “Prepayment Date” shall mean the date on which |
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prepayment is made. As used in this definition, the term “Calculated Payments” shall mean the monthly payments of interest only which would be due based on the principal amount of this Note being prepaid on the Prepayment Date and assuming an interest rate per annum equal to the difference (if such difference is greater than zero) between (1) the Applicable Interest Rate and (2) the Yield Maintenance Treasury Rate (defined below). As used in this definition, the term “Discount Rate” shall mean the rate which, when compounded monthly, is equivalent to the Yield Maintenance Treasury Rate, when compounded semi-annually. As used in this definition, the term “Yield Maintenance Treasury Rate” shall mean the yield calculated by Lender by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H.15-Selected Interest Rates under the heading U.S. Government Securities/Treasury Constant Maturities for the week ending prior to the Prepayment Date, of U.S. Treasury Constant Maturities with maturity dates (one longer or one shorter) most nearly approximating the Maturity Date. In the event Release H.15 is no longer published, Lender shall select a comparable publication to determine the Yield Maintenance Treasury Rate. In no event, however, shall Lender be required to reinvest any prepayment proceeds in U.S. Treasury obligations or otherwise. |
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