FREE WRITING PROSPECTUS | ||
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REGISTRATION FILE NO.: 333-227446-05 | ||
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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 | Loan Purpose | Sponsor | Non-Recourse Carveout Guarantor | No. of Properties | General Property Type | Detailed Property Type | |
Loan | 5, 8 | 1 | Grand Canal Shoppes | 9.4% | MSBNA | MSMCH | $70,000,000 | $70,000,000 | $70,000,000 | $1,000.14 | Refinance | Brookfield Properties REIT Inc.; Nuveen Real Estate | BPR Nimbus LLC | 1 | Retail | Specialty Retail | |
Loan | 5, 6, 7, 10, 14 | 2 | SoCal Retail Portfolio | 8.0% | AREF | AREF | $60,000,000 | $60,000,000 | $60,000,000 | $145.00 | Refinance | Mark Gabay | Mark Gabay | 14 | |||
Property | 2.01 | The Springs | 1.7% | AREF | AREF | $12,752,287 | $12,752,287 | $12,752,287 | Retail | Anchored | |||||||
Property | 2.02 | Summerwood | 1.2% | AREF | AREF | $8,851,735 | $8,851,735 | $8,851,735 | Retail | Anchored | |||||||
Property | 2.03 | Food 4 Less – Target Center | 0.8% | AREF | AREF | $6,059,082 | $6,059,082 | $6,059,082 | Retail | Anchored | |||||||
Property | 2.04 | El Super Center | 0.8% | AREF | AREF | $5,927,509 | $5,927,509 | $5,927,509 | Retail | Anchored | |||||||
Property | 2.05 | Island Plaza | 0.6% | AREF | AREF | $4,531,043 | $4,531,043 | $4,531,043 | Retail | Anchored | |||||||
Property | 2.06 | Baldwin Park Promenade | 0.4% | AREF | AREF | $3,213,912 | $3,213,912 | $3,213,912 | Retail | Anchored | |||||||
Property | 2.07 | Lynwood Plaza | 0.4% | AREF | AREF | $3,187,653 | $3,187,653 | $3,187,653 | Retail | Anchored | |||||||
Property | 2.08 | El Cajon (CVS) | 0.4% | AREF | AREF | $2,766,115 | $2,766,115 | $2,766,115 | Retail | Anchored | |||||||
Property | 2.09 | Loma Vista | 0.3% | AREF | AREF | $2,450,171 | $2,450,171 | $2,450,171 | Retail | Anchored | |||||||
Property | 2.10 | MLK Medical | 0.3% | AREF | AREF | $2,357,986 | $2,357,986 | $2,357,986 | Office | Suburban | |||||||
Property | 2.11 | Hawthorne Plaza | 0.3% | AREF | AREF | $2,265,801 | $2,265,801 | $2,265,801 | Retail | Anchored | |||||||
Property | 2.12 | Five Points Plaza | 0.3% | AREF | AREF | $2,213,004 | $2,213,004 | $2,213,004 | Retail | Anchored | |||||||
Property | 2.13 | Towne Center Square | 0.3% | AREF | AREF | $2,028,354 | $2,028,354 | $2,028,354 | Retail | Shadow Anchored | |||||||
Property | 2.14 | Camarillo | 0.2% | AREF | AREF | $1,395,349 | $1,395,349 | $1,395,349 | Retail | Shadow Anchored | |||||||
Loan | 5, 15 | 3 | Embassy Suites at Centennial Olympic Park | 6.0% | AREF | AREF | $45,000,000 | $45,000,000 | $36,592,129 | $260,124.61 | Refinance | David D. Marvin | David D. Marvin | 1 | Hospitality | Full Service | |
Loan | 5, 13 | 4 | 125 Borinquen Place | 4.7% | SMC | SMC | $35,000,000 | $35,000,000 | $35,000,000 | $416,000.00 | Refinance | Joel Schwartz; Shaindy Schwartz | Joel Schwartz; Shaindy Schwartz | 1 | Multifamily | Mid Rise | |
Loan | 5, 6, 7, 8, 13, 16 | 5 | Visions Hotel Portfolio II | 3.8% | SMC | SMC | $28,500,000 | $28,500,000 | $23,143,621 | $65,130.89 | Refinance/Acquisition | Arun Patel; Hemant Patel | Arun Patel; Hemant Patel | 10 | |||
Property | 5.01 | Courtyard Horseheads | 0.6% | SMC | SMC | $4,484,771 | $4,484,771 | $3,641,889 | Hospitality | Limited Service | |||||||
Property | 5.02 | Home2 Suites Oswego | 0.5% | SMC | SMC | $3,616,751 | $3,616,751 | $2,937,008 | Hospitality | Limited Service | |||||||
Property | 5.03 | Holiday Inn & Suites Rochester Marketplace | 0.5% | SMC | SMC | $3,472,081 | $3,472,081 | $2,819,527 | Hospitality | Full Service | |||||||
Property | 5.04 | Hampton Inn Corning Painted Post | 0.4% | SMC | SMC | $3,182,741 | $3,182,741 | $2,584,566 | Hospitality | Limited Service | |||||||
Property | 5.05 | Home2 Suites Rochester Henrietta | 0.4% | SMC | SMC | $2,893,401 | $2,893,401 | $2,349,607 | Hospitality | Limited Service | |||||||
Property | 5.06 | Holiday Inn Express Olean | 0.4% | SMC | SMC | $2,690,863 | $2,690,863 | $2,185,133 | Hospitality | Limited Service | |||||||
Property | 5.07 | Fairfield Inn Watertown | 0.3% | SMC | SMC | $2,343,655 | $2,343,655 | $1,903,182 | Hospitality | Limited Service | |||||||
Property | 5.08 | Holiday Inn Express Canandaigua | 0.3% | SMC | SMC | $2,256,853 | $2,256,853 | $1,832,692 | Hospitality | Limited Service | |||||||
Property | 5.09 | Candlewood Suites Watertown | 0.3% | SMC | SMC | $2,170,051 | $2,170,051 | $1,762,205 | Hospitality | Limited Service | |||||||
Property | 5.10 | Candlewood Suites Sayre | 0.2% | SMC | SMC | $1,388,832 | $1,388,832 | $1,127,811 | Hospitality | Limited Service | |||||||
Loan | 17 | 6 | 617-625 West 46th Street | 3.7% | CCRE | CCRE | $28,000,000 | $28,000,000 | $28,000,000 | $565.66 | Refinance | Andrew C. Impagliazzo | Andrew C. Impagliazzo | 1 | Mixed Use | Office/Retail | |
Loan | 5, 13 | 7 | Tower 28 | 3.5% | MSBNA | MSMCH | $26,000,000 | $26,000,000 | $22,419,703 | $248,888.89 | Refinance | Heatherwood Luxury Rentals | Douglas S. Partrick | 1 | Multifamily | High Rise | |
Loan | 13 | 8 | North Carolina Technical Park | 3.4% | AREF | AREF | $25,500,000 | $25,500,000 | $20,672,232 | $93.70 | Refinance | Edward J. Easton | Edward J. Easton | 1 | Industrial | Flex | |
Loan | 9 | Brotman Physicians Plaza | 3.1% | AREF | AREF | $23,250,000 | $23,250,000 | $23,250,000 | $479.33 | Refinance | Edward G. Hudson | Edward G. Hudson | 1 | Office | Medical | ||
Loan | 10 | Wheatland Towne Crossing | 2.8% | MSBNA | MSMCH | $21,250,000 | $21,250,000 | $21,250,000 | $102.72 | Refinance | The Rainier Companies | J. Kenneth Dunn | 1 | Retail | Anchored | ||
Loan | 6 | 11 | West Palm Beach Industrial | 2.7% | SMC | SMC | $20,000,000 | $20,000,000 | $20,000,000 | $94.76 | Refinance | Daniel Taillard; Yaniv Sananes | Daniel Taillard; Yaniv Sananes | 2 | |||
Property | 11.01 | West Palm Beach | 2.5% | SMC | SMC | $18,625,000 | $18,625,000 | $18,625,000 | Industrial | Warehouse Distribution | |||||||
Property | 11.02 | Dania Beach | 0.2% | SMC | SMC | $1,375,000 | $1,375,000 | $1,375,000 | Industrial | Flex | |||||||
Loan | 5, 18 | 12 | FedEx Niles | 2.2% | MSBNA | MSMCH | $16,500,000 | $16,500,000 | $16,500,000 | $147.99 | Acquisition | N/A | N/A | 1 | Industrial | Warehouse Distribution | |
Loan | 19 | 13 | DoubleTree Princeton | 2.2% | AREF | AREF | $16,100,000 | $16,100,000 | $13,166,690 | $67,647.06 | Acquisition | Israel Neiss; Benzion Willner; Abraham Florans; Simcha Kaus | Israel Neiss | 1 | Hospitality | Full Service | |
Loan | 20 | 14 | Marriott Metairie at Lakeway | 2.1% | MSBNA | MSMCH | $16,000,000 | $16,000,000 | $14,049,106 | $72,727.27 | Acquisition | Naveen Shah | Naveen Shah | 1 | Hospitality | Full Service | |
Loan | 6, 7 | 15 | UES Multi Portfolio | 2.1% | AREF | AREF | $15,900,000 | $15,900,000 | $15,900,000 | $768.00 | Refinance | Salvatore Gaudio | Salvatore Gaudio | 3 | |||
Property | 15.01 | 1494 2nd Avenue | 0.9% | AREF | AREF | $6,650,000 | $6,650,000 | $6,650,000 | Mixed Use | Multifamily/Retail | |||||||
Property | 15.02 | 1496 2nd Avenue | 0.8% | AREF | AREF | $5,700,000 | $5,700,000 | $5,700,000 | Mixed Use | Multifamily/Retail | |||||||
Property | 15.03 | 304 East 78th Street | 0.5% | AREF | AREF | $3,550,000 | $3,550,000 | $3,550,000 | Mixed Use | Multifamily/Retail | |||||||
Loan | 16 | Courtyard Plaza | 2.1% | AREF | AREF | $15,400,000 | $15,400,000 | $13,561,067 | $79.62 | Refinance | Jeffrey L. Olyan | Jeffrey L. Olyan | 1 | Retail | Shadow Anchored | ||
Loan | 21 | 17 | 3 Independence Way | 2.0% | AREF | AREF | $15,000,000 | $14,964,388 | $12,275,431 | $131.26 | Refinance | Abraham Leser; Edith Leser | Abraham Leser; Edith Leser | 1 | Office | Suburban | |
Loan | 5 | 18 | Legacy Tower | 1.8% | MSBNA | MSMCH | $13,500,000 | $13,500,000 | $12,469,178 | $66.14 | Refinance | Buckingham Properties, LLC | The Estate of Laurence C. Glazer | 1 | Office | Suburban | |
Loan | 5 | 19 | 3 Columbus Circle | 1.7% | JPMCB | CCRE | $12,500,000 | $12,500,000 | $12,500,000 | $650.11 | Refinance | Joseph Moinian | Joseph Moinian | 1 | Office | CBD | |
Loan | 13 | 20 | The View Apartments | 1.6% | AREF | AREF | $12,200,000 | $12,200,000 | $12,200,000 | $295.26 | Refinance | Benjamin Rusi | Benjamin Rusi | 1 | Mixed Use | Multifamily/Retail | |
Loan | 21 | 1458 Ocean Dr / 1437 Collins Ave | 1.6% | AREF | AREF | $12,200,000 | $12,200,000 | $12,200,000 | $974.52 | Refinance | Louis Taic | Louis Taic | 1 | Retail | Unanchored | ||
Loan | 5, 8 | 22 | Eleven Seventeen Perimeter | 1.6% | MSBNA | MSMCH | $12,000,000 | $12,000,000 | $12,000,000 | $112.04 | Refinance | In Shik Hong | In Shik Hong | 1 | Office | Suburban | |
Loan | 23 | Bradenton Financial Center | 1.5% | AREF | AREF | $11,212,500 | $11,212,500 | $11,212,500 | $95.97 | Acquisition | Zusia Tenenbaum | Zusia Tenenbaum | 1 | Office | CBD | ||
Loan | 24 | Niles Retail Center | 1.5% | MSBNA | MSMCH | $11,000,000 | $11,000,000 | $11,000,000 | $91.34 | Refinance | Andrew S. Hochberg; Larry J. Hochberg | Larry J. Hochberg; Larry J. Hockberg Trust | 1 | Retail | Anchored | ||
Loan | 25 | Maplewood Apartments | 1.4% | SMC | SMC | $10,800,000 | $10,800,000 | $10,294,058 | $37,113.40 | Acquisition | Stephen F. Vazza | Stephen F. Vazza | 1 | Multifamily | Garden | ||
Loan | 26 | Home2Suites - Menomonee Falls | 1.4% | AREF | AREF | $10,640,000 | $10,627,168 | $8,762,872 | $101,211.13 | Refinance | Bruce Kinseth; Ben Kinseth; Kraig Sadownikow; Scott Yauck | Bruce Kinseth; Leslie Kinseth; Gary Kinseth; Linda Skinner; Benjamin Kinseth | 1 | Hospitality | Limited Service | ||
Loan | 27 | Cassens Business Center | 1.4% | AREF | AREF | $10,537,000 | $10,537,000 | $8,498,141 | $79.66 | Acquisition | Chaim Fromowitz | Chaim Fromowitz | 1 | Industrial | Warehouse | ||
Loan | 13, 22 | 28 | La Privada Apartments | 1.3% | AREF | AREF | $10,070,000 | $10,070,000 | $10,070,000 | $41,958.33 | Acquisition | MogulREIT I, LLC; Jilliene Helman | MogulREIT I, LLC; Jilliene Helman | 1 | Multifamily | Garden | |
Loan | 5 | 29 | AC by Marriott San Jose | 1.3% | CCRE | CCRE | $10,000,000 | $10,000,000 | $10,000,000 | $285,714.29 | Acquisition | Allan V. Rose | Allan V. Rose | 1 | Hospitality | Select Service | |
Loan | 7, 11 | 30 | Brookwood Square | 0.5% | AREF | AREF | $3,600,000 | $3,600,000 | $3,181,968 | $312.77 | Acquisition | Harbour Realty Advisors, Inc. | Harbour Realty Advisors, Inc. | 1 | Retail | Shadow Anchored | |
Loan | 7, 11 | 31 | 3901 Bolger Road | 0.4% | AREF | AREF | $3,330,000 | $3,330,000 | $2,943,321 | $312.77 | Acquisition | Harbour Realty Advisors, Inc. | Harbour Realty Advisors, Inc. | 1 | Retail | Shadow Anchored | |
Loan | 7, 11 | 32 | Michigan Road Shoppes | 0.3% | AREF | AREF | $2,545,000 | $2,545,000 | $2,249,475 | $312.77 | Acquisition | Harbour Realty Advisors, Inc. | Harbour Realty Advisors, Inc. | 1 | Retail | Shadow Anchored | |
Loan | 6, 7 | 33 | Brooklyn Multifamily Portfolio I | 1.2% | CCRE | CCRE | $9,200,000 | $9,200,000 | $9,200,000 | $187,755.10 | Refinance | Joel Rubinfeld | Joel Rubinfeld | 4 | |||
Property | 33.01 | 2149 Cortelyou Rd. | 0.5% | CCRE | CCRE | $3,851,500 | $3,851,500 | $3,851,500 | Multifamily | Low Rise | |||||||
Property | 33.02 | 210 Broadway | 0.3% | CCRE | CCRE | $2,347,000 | $2,347,000 | $2,347,000 | Mixed Use | Multifamily/Retail | |||||||
Property | 33.03 | 1235 Halsey St. | 0.2% | CCRE | CCRE | $1,675,500 | $1,675,500 | $1,675,500 | Multifamily | Low Rise | |||||||
Property | 33.04 | 1324 Hancock St. | 0.2% | CCRE | CCRE | $1,326,000 | $1,326,000 | $1,326,000 | Multifamily | Low Rise | |||||||
Loan | 7, 12 | 34 | Shoppes at Holly Springs | 0.8% | MSBNA | MSMCH | $5,741,025 | $5,741,025 | $4,978,972 | $110.04 | Recapitalization | Jonathan Gaines; Stanley Werb | Stanley Werb; Jonathan Gaines | 1 | Retail | Shadow Anchored | |
Loan | 7, 12 | 35 | Jefferson Square | 0.5% | MSBNA | MSMCH | $3,450,000 | $3,450,000 | $2,992,054 | $110.04 | Recapitalization | Jonathan Gaines; Stanley Werb | Stanley Werb; Jonathan Gaines | 1 | Retail | Shadow Anchored | |
Loan | 23 | 36 | Best Western Plus South Bay Hotel | 1.2% | MSBNA | MSMCH | $9,000,000 | $8,989,286 | $7,429,002 | $92,673.05 | Refinance | Yaping (Morgan) Wang | Yaping Wang | 1 | Hospitality | Limited Service | |
Loan | 37 | Lakecrest-Southpointe Portfolio | 1.1% | AREF | AREF | $8,350,000 | $8,350,000 | $8,017,807 | $69.22 | Recapitalization | Sebastian Barbagallo | Sebastian Barbagallo | 1 | Office | Suburban | ||
Loan | 38 | Food Lion Mount Airy | 1.1% | MSBNA | MSMCH | $8,000,000 | $8,000,000 | $8,000,000 | $81.34 | Refinance | Fredric A. Tomarchio; Joseph Tomarchio, Jr. | Fredric A. Tomarchio; Joseph Tomarchio, Jr. | 1 | Retail | Anchored | ||
Loan | 39 | Crossing Pointe Shoppes | 1.1% | MSBNA | MSMCH | $7,913,750 | $7,913,750 | $7,913,750 | $336.71 | Acquisition | Tiffany Earl Williams | Tiffany Earl Williams | 1 | Retail | Unanchored | ||
Loan | 24 | 40 | Best Western Sanford Airport | 0.9% | CCRE | CCRE | $6,900,000 | $6,900,000 | $5,253,533 | $97,183.10 | Refinance | Ricky S. Kureti; Shiv K. Kureti | Ricky S. Kureti; Shiv K. Kureti | 1 | Hospitality | Limited Service | |
Loan | 41 | Sunnyside Retail Center | 0.9% | CCRE | CCRE | $6,600,000 | $6,600,000 | $5,720,208 | $70.63 | Refinance | Sanjiv Chopra | Sanjiv Chopra | 1 | Retail | Anchored | ||
Loan | 42 | Greenwood Heights | 0.9% | AREF | AREF | $6,500,000 | $6,486,736 | $5,443,278 | $393.14 | Refinance | Thomas McCloskey; Alessandro Spagnolo | Thomas McCloskey | 1 | Industrial | Warehouse | ||
Loan | 9 | 43 | Tatum Plaza | 0.8% | SMC | SMC | $6,250,000 | $6,250,000 | $6,250,000 | $212.15 | Refinance | A & C Tank Sales Company, Inc. | A & C Tank Sales Company, Inc. | 1 | Retail | Shadow Anchored | |
Loan | 9 | 44 | Tatum Ranch Crossing | 0.8% | SMC | SMC | $6,250,000 | $6,250,000 | $6,250,000 | $201.61 | Refinance | A & C Tank Sales Company, Inc. | A & C Tank Sales Company, Inc. | 1 | Retail | Shadow Anchored | |
Loan | 9 | 45 | Shadow Creek Marketplace | 0.8% | SMC | SMC | $5,900,000 | $5,900,000 | $5,900,000 | $208.27 | Refinance | A & C Tank Sales Company, Inc. | A & C Tank Sales Company, Inc. | 1 | Retail | Shadow Anchored | |
Loan | 46 | The Nash Building | 0.7% | SMC | SMC | $5,400,000 | $5,400,000 | $4,746,937 | $113.56 | Acquisition | Joel Schneider; David Kaufman; Justin H. Chernoff | Joel Schneider; David Kaufman; Justin H. Chernoff | 1 | Mixed Use | Office/Retail | ||
Loan | 47 | 3115 Fry Road | 0.7% | MSBNA | MSMCH | $5,265,000 | $5,265,000 | $5,265,000 | $65.24 | Recapitalization | John W. Able | John W. Able | 1 | Industrial | Flex/R&D | ||
Loan | 25, 26 | 48 | Quality Inn Oneonta Cooperstown Area | 0.6% | AREF | AREF | $4,500,000 | $4,465,662 | $3,459,923 | $36,906.30 | Refinance | Mayank Keshavlal Patel; Niren R. Patel; Nimisha Mukesh Patel | Mayank Keshavlal Patel; Niren R. Patel; Nimisha Mukesh Patel | 1 | Hospitality | Full Service | |
Loan | 49 | 102 Washington Place | 0.5% | CCRE | CCRE | $4,100,000 | $4,100,000 | $4,100,000 | $683,333.33 | Recapitalization | Robert Galpern; Tamara Zelcer Galpern | Robert Galpern; Tamara Zelcer Galpern | 1 | Mixed Use | Multifamily/Retail | ||
Loan | 7 | 50 | Woodland Square Apartments | 0.5% | CCRE | CCRE | $4,040,000 | $4,040,000 | $3,511,065 | $56,111.11 | Refinance | Meshulam Martin | Meshulam Martin | 1 | Multifamily | Garden | |
Loan | 51 | Union Avenue | 0.5% | MSBNA | MSMCH | $3,750,000 | $3,750,000 | $3,154,008 | $35.52 | Acquisition | Joshua Michael Rosati; Benjamin Dolgin-Gardner; Pei Lan Sun | Joshua Michael Rosati; Benjamin Dolgin-Gardner; Pei Lan Sun | 1 | Industrial | Warehouse | ||
Loan | 52 | Briarwood Apartments | 0.5% | MSBNA | MSMCH | $3,550,000 | $3,550,000 | $3,550,000 | $63,392.86 | Refinance | Stephen A. St. Germain | Stephen A. St. Germain | 1 | Multifamily | Garden | ||
Loan | 53 | Greensburg Park Self Storage | 0.4% | MSBNA | MSMCH | $2,900,000 | $2,900,000 | $2,418,918 | $49.95 | Refinance | Jack D. Harpool; Elaine K. Harpool | Jack D. Harpool; Elaine K. Harpool | 1 | Self Storage | Self Storage |
A-1-1
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Property Flag | Footnotes | Loan ID | Property Name | Title Type | Ground Lease Initial Lease Expiration Date | Hotel Franchise Agreement Expiration Date | Address | City | County | State | Zip Code | Year Built |
Loan | 5, 8 | 1 | Grand Canal Shoppes | Fee/Leasehold | Venetian Hotel and Casino (5/14/2093); Palazzo Resort and Casino (2/28/2097); Walgreens (2/28/2064) | N/A | 3327 & 3377 Las Vegas Boulevard South | Las Vegas | Clark | NV | 89109 | 1999 |
Loan | 5, 6, 7, 10, 14 | 2 | SoCal Retail Portfolio | |||||||||
Property | 2.01 | The Springs | Fee | N/A | N/A | 5200 Ramon Road | Palm Springs | Riverside | CA | 92264 | 2008 | |
Property | 2.02 | Summerwood | Fee | N/A | N/A | 4124-4267 Woodruff Avenue | Lakewood | Los Angeles | CA | 90713 | 1968 | |
Property | 2.03 | Food 4 Less – Target Center | Fee | N/A | N/A | 6700, 6730 & 6750 Cherry Avenue | Long Beach | Los Angeles | CA | 90805 | 1993; 2007 | |
Property | 2.04 | El Super Center | Fee | N/A | N/A | 1251-1289 North Hacienda Boulevard | La Puente | Los Angeles | CA | 91744 | 2012; 2014 | |
Property | 2.05 | Island Plaza | Fee | N/A | N/A | 1512-1524 East Amar Road and 2500-2548 South Azusa Avenue | West Covina | Los Angeles | CA | 91792 | 1967; 1968; 1980; 1995 | |
Property | 2.06 | Baldwin Park Promenade | Fee | N/A | N/A | 3111-3151 Baldwin Park | Baldwin Park | Los Angeles | CA | 91706 | 2006; 2007 | |
Property | 2.07 | Lynwood Plaza | Fee | N/A | N/A | 10821 Long Beach Boulevard and 3157 Pluma Street | Lynwood | Los Angeles | CA | 90262 | 2003 | |
Property | 2.08 | El Cajon (CVS) | Fee | N/A | N/A | 426-450 East Chase Avenue | El Cajon | San Diego | CA | 92020 | 2005 | |
Property | 2.09 | Loma Vista | Fee | N/A | N/A | 16055-16075 Foothill Boulevard | Fontana | San Bernardino | CA | 92335 | 1990 | |
Property | 2.10 | MLK Medical | Fee | N/A | N/A | 3820-3840 Martin Luther King Jr. Boulevard | Lynwood | Los Angeles | CA | 90262 | 1958 | |
Property | 2.11 | Hawthorne Plaza | Fee | N/A | N/A | 14401-14441 Inglewood Avenue | Hawthorne | Los Angeles | CA | 90250 | 1978 | |
Property | 2.12 | Five Points Plaza | Fee | N/A | N/A | 505-515 and 523-595 South Riverside Avenue | Rialto | San Bernardino | CA | 92376 | 1985-1986 | |
Property | 2.13 | Towne Center Square | Fee | N/A | N/A | 11098 Foothill Boulevard | Rancho Cucamonga | San Bernardino | CA | 91730 | 1995 | |
Property | 2.14 | Camarillo | Fee | N/A | N/A | 660 East Ventura | Camarillo | Ventura | CA | 93010 | 2014 | |
Loan | 5, 15 | 3 | Embassy Suites at Centennial Olympic Park | Fee | N/A | 4/30/2034 | 267 Marietta Street | Atlanta | Fulton | GA | 30313 | 1999 |
Loan | 5, 13 | 4 | 125 Borinquen Place | Fee | N/A | N/A | 125 Borinquen Place | Brooklyn | Kings | NY | 11211 | 2017-2018 |
Loan | 5, 6, 7, 8, 13, 16 | 5 | Visions Hotel Portfolio II | |||||||||
Property | 5.01 | Courtyard Horseheads | Fee | N/A | 4/1/2036 | 202 Colonial Drive | Horseheads | Chemung | NY | 14845 | 2016 | |
Property | 5.02 | Home2 Suites Oswego | Fee | N/A | 10/31/2037 | 252 New York State Route 104 | Oswego | Oswego | NY | 13126 | 2017 | |
Property | 5.03 | Holiday Inn & Suites Rochester Marketplace | Leasehold | 8/31/2050 | 12/21/2031 | 800 Jefferson Road | Rochester | Monroe | NY | 14623 | 1968 | |
Property | 5.04 | Hampton Inn Corning Painted Post | Fee | N/A | 11/30/2033 | 248 Town Center Road | Painted Post | Steuben | NY | 14870 | 2014 | |
Property | 5.05 | Home2 Suites Rochester Henrietta | Leasehold | 12/31/2051 | 2/28/2034 | 999 Jefferson Road | Rochester | Monroe | NY | 14623 | 2014 | |
Property | 5.06 | Holiday Inn Express Olean | Fee | N/A | 8/12/2030 | 101 Main Street | Olean | Cattaraugus | NY | 14760 | 1999 | |
Property | 5.07 | Fairfield Inn Watertown | Fee | N/A | 8/31/2034 | 250 Commerce Park Drive | Watertown | Jefferson | NY | 13601 | 2012 | |
Property | 5.08 | Holiday Inn Express Canandaigua | Fee | N/A | 1/25/2022 | 330 Eastern Boulevard & 4420 Routes 5 & 20 | Canandaigua | Ontario | NY | 14424 | 2012 | |
Property | 5.09 | Candlewood Suites Watertown | Fee | N/A | 6/30/2034 | 26513 Herrick Drive | Evans Mills | Jefferson | NY | 13637 | 2009 | |
Property | 5.10 | Candlewood Suites Sayre | Leasehold | 12/2/2041 | 12/28/2021 | 2775 Elmira Street | Sayre | Bradford | PA | 18840 | 2014 | |
Loan | 17 | 6 | 617-625 West 46th Street | Fee | N/A | N/A | 617-625 West 46th Street | New York | New York | NY | 10036 | 2006/2018 |
Loan | 5, 13 | 7 | Tower 28 | Fee | N/A | N/A | 42-12 28th Street | Long Island City | Queens | NY | 11101 | 2018 |
Loan | 13 | 8 | North Carolina Technical Park | Fee | N/A | N/A | 1101 Hamlin Road | Durham | Durham | NC | 27704 | 1984; 1996 |
Loan | 9 | Brotman Physicians Plaza | Fee | N/A | N/A | 9808 Venice Boulevard | Culver City | Los Angeles | CA | 90232 | 1964 | |
Loan | 10 | Wheatland Towne Crossing | Fee | N/A | N/A | 2525 West Wheatland Road | Dallas | Dallas | TX | 75237 | 2012 | |
Loan | 6 | 11 | West Palm Beach Industrial | |||||||||
Property | 11.01 | West Palm Beach | Fee | N/A | N/A | 1510, 1520, 1530, 1540, 1550, 1560, 1650, 1700 & 1750 Latham Road, 1655, 1705 & 1721 Donna Road, 1817, 1841, 1861 & 1883 Church Street, 2758 Old Okeechobee Road | West Palm Beach | Palm Beach | FL | 33409 | 1965/1972/1974/1987 | |
Property | 11.02 | Dania Beach | Fee | N/A | N/A | 11 SW 12th Avenue | Dania Beach | Broward | FL | 33004 | 2005 | |
Loan | 5, 18 | 12 | FedEx Niles | Fee | N/A | N/A | 5959 West Howard Street | Niles | Cook | IL | 60714 | 2015 |
Loan | 19 | 13 | DoubleTree Princeton | Fee | N/A | 6/30/2034 | 4355 US Route 1 | Princeton | Middlesex | NJ | 08540 | 1983 |
Loan | 20 | 14 | Marriott Metairie at Lakeway | Fee | N/A | 5/22/2039 | 3838 North Causeway Boulevard | Metairie | Jefferson Parish | LA | 70002 | 1987 |
Loan | 6, 7 | 15 | UES Multi Portfolio | |||||||||
Property | 15.01 | 1494 2nd Avenue | Fee | N/A | N/A | 1494 2nd Avenue | New York | New York | NY | 10075 | 1910 | |
Property | 15.02 | 1496 2nd Avenue | Fee | N/A | N/A | 1496 2nd Avenue | New York | New York | NY | 10075 | 1910 | |
Property | 15.03 | 304 East 78th Street | Fee | N/A | N/A | 304 East 78th Street | New York | New York | NY | 10075 | 1910 | |
Loan | 16 | Courtyard Plaza | Fee | N/A | N/A | 155 Interstate Highway 35 South | New Braunfels | Comal | TX | 78130 | 1981 | |
Loan | 21 | 17 | 3 Independence Way | Fee | N/A | N/A | 3 Independence Way | Princeton | Middlesex | NJ | 08540 | 1983 |
Loan | 5 | 18 | Legacy Tower | Fee | N/A | N/A | 1 Bausch & Lomb Place | Rochester | Monroe | NY | 14604 | 1995 |
Loan | 5 | 19 | 3 Columbus Circle | Fee | N/A | N/A | 3 Columbus Circle | New York | New York | NY | 10019 | 1927 |
Loan | 13 | 20 | The View Apartments | Fee | N/A | N/A | 224 Richmond Terrrace | Staten Island | Richmond | NY | 10301 | 2012 |
Loan | 21 | 1458 Ocean Dr / 1437 Collins Ave | Fee | N/A | N/A | 1458 Ocean Drive & 1437 Collins Avenue | Miami Beach | Miami-Dade | FL | 33139 | 2006 | |
Loan | 5, 8 | 22 | Eleven Seventeen Perimeter | Fee | N/A | N/A | 1117 Perimeter Center West | Atlanta | Fulton | GA | 30338 | 1985 |
Loan | 23 | Bradenton Financial Center | Fee | N/A | N/A | 1401 West Manatee Avenue | Bradenton | Manatee | FL | 34205 | 1986 | |
Loan | 24 | Niles Retail Center | Fee | N/A | N/A | 7201, 7203-7233, 7237 & 7245 West Dempster Street | Niles | Cook | IL | 60714 | 1960 | |
Loan | 25 | Maplewood Apartments | Fee | N/A | N/A | 4860 Fegenbush Lane | Louisville | Jefferson | KY | 40228 | 1969-1974 | |
Loan | 26 | Home2Suites - Menomonee Falls | Fee | N/A | 4/30/2038 | N91 W15851 Falls Parkway | Menomonee Falls | Waukesha | WI | 53051 | 2017 | |
Loan | 27 | Cassens Business Center | Fee | N/A | N/A | 2391 Cassens Drive | Fenton | St. Louis | MO | 63026 | 1976 | |
Loan | 13, 22 | 28 | La Privada Apartments | Fee | N/A | N/A | 9030 Betel Drive | El Paso | El Paso | TX | 79907 | 1982 |
Loan | 5 | 29 | AC by Marriott San Jose | Fee | N/A | 1/31/2047 | 350 West Santa Clara Street | San Jose | Santa Clara | CA | 95113 | 2016 |
Loan | 7, 11 | 30 | Brookwood Square | Fee | N/A | N/A | 3999 Austell Road | Austell | Cobb | GA | 30106 | 2014 |
Loan | 7, 11 | 31 | 3901 Bolger Road | Fee | N/A | N/A | 3901 Bolger Road | Independence | Jackson | MO | 64055 | 2018 |
Loan | 7, 11 | 32 | Michigan Road Shoppes | Fee | N/A | N/A | 8760 Michigan Road | Indianapolis | Marion | IN | 46268 | 2006 |
Loan | 6, 7 | 33 | Brooklyn Multifamily Portfolio I | |||||||||
Property | 33.01 | 2149 Cortelyou Rd. | Fee | N/A | N/A | 2149 Cortelyou Road | Brooklyn | Kings | NY | 11226 | 1925 | |
Property | 33.02 | 210 Broadway | Fee | N/A | N/A | 210 Broadway | Brooklyn | Kings | NY | 11211 | 1910 | |
Property | 33.03 | 1235 Halsey St. | Fee | N/A | N/A | 1235 Halsey Street | Brooklyn | Kings | NY | 11237 | 1910 | |
Property | 33.04 | 1324 Hancock St. | Fee | N/A | N/A | 1324 Hancock Street | Brooklyn | Kings | NY | 11237 | 1909 | |
Loan | 7, 12 | 34 | Shoppes at Holly Springs | Fee | N/A | N/A | 7204 GB Alford Highway | Holly Springs | Wake | NC | 27540 | 2007 |
Loan | 7, 12 | 35 | Jefferson Square | Fee | N/A | N/A | 250 Piercy Drive | Lewisburg | Greenbrier | WV | 24901 | 2000 |
Loan | 23 | 36 | Best Western Plus South Bay Hotel | Fee | N/A | 11/30/2019 | 15000 Hawthorne Boulevard | Lawndale | Los Angeles | CA | 90260 | 1983 |
Loan | 37 | Lakecrest-Southpointe Portfolio | Fee | N/A | N/A | 3710 Corporex Park Drive; 5650 Breckenridge Park Drive | Tampa | Hillsborough | FL | 33619; 33610 | 1988; 1985 | |
Loan | 38 | Food Lion Mount Airy | Fee | N/A | N/A | 1312 South Main Street | Mount Airy | Frederick | MD | 21771 | 1962; 1984 | |
Loan | 39 | Crossing Pointe Shoppes | Fee | N/A | N/A | 4025 East 82nd Street | Indianapolis | Marion | IN | 46250 | 2017 | |
Loan | 24 | 40 | Best Western Sanford Airport | Fee | N/A | 7/16/2021 | 3401 South Orlando Drive | Sanford | Seminole | FL | 32773 | 1999 |
Loan | 41 | Sunnyside Retail Center | Fee | N/A | N/A | 2600 E Yakima Valley Highway | Sunnyside | Yakima | WA | 98944 | 1993 | |
Loan | 42 | Greenwood Heights | Fee | N/A | N/A | 413 and 421 20th Street | Brooklyn | Kings | NY | 11215 | 1931 | |
Loan | 9 | 43 | Tatum Plaza | Fee | N/A | N/A | 29455 North Cave Creek Road | Cave Creek | Maricopa | AZ | 85331 | 2007 |
Loan | 9 | 44 | Tatum Ranch Crossing | Fee | N/A | N/A | 29822 & 29834 North Cave Creek Road; 29815 & 29855 North Tatum Boulevard | Cave Creek | Maricopa | AZ | 85331 | 2000 |
Loan | 9 | 45 | Shadow Creek Marketplace | Fee | N/A | N/A | 2225 - 2445 East Centennial Parkway | Las Vegas | Clark | NV | 89081 | 2006 |
Loan | 46 | The Nash Building | Fee | N/A | N/A | 614 West 4th Street | Winston-Salem | Forsyth | NC | 27101 | 1928; 1940 | |
Loan | 47 | 3115 Fry Road | Fee | N/A | N/A | 3115 Fry Road | Katy | Harris | TX | 77449 | 2005 | |
Loan | 25, 26 | 48 | Quality Inn Oneonta Cooperstown Area | Fee | N/A | 6/30/2038 | 5206 State Highway 23 | Oneonta | Otsego | NY | 13820 | 1973 |
Loan | 49 | 102 Washington Place | Fee/Leasehold | N/A | N/A | 361 Sixth Avenue | New York | New York | NY | 10014 | 1910 | |
Loan | 7 | 50 | Woodland Square Apartments | Fee | N/A | N/A | 92 Starlite Lane | Pontiac | Oakland | MI | 48340 | 1971 |
Loan | 51 | Union Avenue | Fee | N/A | N/A | 1770-1780 Union Avenue | Baltimore | Baltimore city | MD | 21211 | 1960 | |
Loan | 52 | Briarwood Apartments | Fee | N/A | N/A | 277 Brick Top Road | Windham | Windham | CT | 06280 | 1974 | |
Loan | 53 | Greensburg Park Self Storage | Fee | N/A | N/A | 2350 Greensburg Road | North Canton | Summit | OH | 44720 | 2003; 2005; 2014 |
A-1-2
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Property Flag | Footnotes | Loan ID | Property Name | Year Renovated | 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 | 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.) | |
Loan | 5, 8 | 1 | Grand Canal Shoppes | 2007 | 759,891 | SF | 94.0% | 5/31/2019 | $1,640,000,000 | 4/3/2019 | 3.7408% | 0.01722% | 0.00250% | 0.00250% | 0.00000% | 0.00938% | 0.00200% | 0.00034% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 120 | 120 | 0 | 0 | |
Loan | 5, 6, 7, 10, 14 | 2 | SoCal Retail Portfolio | 1,481,231 | SF | 99.0% | $413,250,000 | 4.0590% | 0.01722% | 0.00250% | 0.00250% | 0.00000% | 0.00938% | 0.00200% | 0.00034% | 0.00050% | Actual/360 | 2 | No | 120 | 118 | 120 | 118 | 0 | 0 | ||||
Property | 2.01 | The Springs | 2015 | 397,718 | SF | 98.4% | 3/1/2019 | $87,000,000 | 3/1/2019 | ||||||||||||||||||||
Property | 2.02 | Summerwood | 2011 | 178,770 | SF | 100.0% | 3/1/2019 | $58,000,000 | 3/1/2019 | ||||||||||||||||||||
Property | 2.03 | Food 4 Less – Target Center | N/A | 196,436 | SF | 100.0% | 3/1/2019 | $45,000,000 | 3/1/2019 | ||||||||||||||||||||
Property | 2.04 | El Super Center | N/A | 117,230 | SF | 100.0% | 3/1/2019 | $40,000,000 | 3/1/2019 | ||||||||||||||||||||
Property | 2.05 | Island Plaza | N/A | 77,772 | SF | 100.0% | 3/1/2019 | $30,500,000 | 3/1/2019 | ||||||||||||||||||||
Property | 2.06 | Baldwin Park Promenade | N/A | 49,906 | SF | 100.0% | 3/1/2019 | $23,700,000 | 3/1/2019 | ||||||||||||||||||||
Property | 2.07 | Lynwood Plaza | N/A | 75,245 | SF | 96.0% | 3/1/2019 | $23,500,000 | 3/1/2019 | ||||||||||||||||||||
Property | 2.08 | El Cajon (CVS) | N/A | 29,986 | SF | 100.0% | 3/1/2019 | $15,500,000 | 3/1/2019 | ||||||||||||||||||||
Property | 2.09 | Loma Vista | N/A | 97,547 | SF | 99.2% | 3/1/2019 | $17,000,000 | 3/1/2019 | ||||||||||||||||||||
Property | 2.10 | MLK Medical | 2005 | 32,500 | SF | 100.0% | 3/1/2019 | $15,200,000 | 3/1/2019 | ||||||||||||||||||||
Property | 2.11 | Hawthorne Plaza | N/A | 70,750 | SF | 100.0% | 3/1/2019 | $17,500,000 | 3/1/2019 | ||||||||||||||||||||
Property | 2.12 | Five Points Plaza | N/A | 89,537 | SF | 95.6% | 3/1/2019 | $17,100,000 | 3/1/2019 | ||||||||||||||||||||
Property | 2.13 | Towne Center Square | N/A | 57,510 | SF | 100.0% | 3/1/2019 | $14,600,000 | 3/1/2019 | ||||||||||||||||||||
Property | 2.14 | Camarillo | N/A | 10,324 | SF | 100.0% | 3/1/2019 | $8,650,000 | 3/1/2019 | ||||||||||||||||||||
Loan | 5, 15 | 3 | Embassy Suites at Centennial Olympic Park | 2017 | 321 | Rooms | 84.2% | 5/1/2019 | $122,000,000 | 5/7/2019 | 4.5900% | 0.01722% | 0.00250% | 0.00250% | 0.00000% | 0.00938% | 0.00200% | 0.00034% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 0 | 0 | 360 | 360 | |
Loan | 5, 13 | 4 | 125 Borinquen Place | N/A | 125 | Units | 80.0% | 5/9/2019 | $95,600,000 | 5/2/2019 | 3.9000% | 0.01722% | 0.00250% | 0.00250% | 0.00000% | 0.00938% | 0.00200% | 0.00034% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 120 | 119 | 0 | 0 | |
Loan | 5, 6, 7, 8, 13, 16 | 5 | Visions Hotel Portfolio II | 955 | Rooms | 64.1% | $105,000,000 | 4.5500% | 0.01722% | 0.00250% | 0.00250% | 0.00000% | 0.00938% | 0.00200% | 0.00034% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 0 | 0 | 360 | 360 | ||||
Property | 5.01 | Courtyard Horseheads | N/A | 98 | Rooms | 55.7% | 3/31/2019 | $15,500,000 | 5/1/2019 | ||||||||||||||||||||
Property | 5.02 | Home2 Suites Oswego | N/A | 89 | Rooms | 61.5% | 3/31/2019 | $12,500,000 | 5/1/2019 | ||||||||||||||||||||
Property | 5.03 | Holiday Inn & Suites Rochester Marketplace | 2019 | 120 | Rooms | 62.2% | 3/31/2019 | $12,000,000 | 5/1/2019 | ||||||||||||||||||||
Property | 5.04 | Hampton Inn Corning Painted Post | N/A | 98 | Rooms | 49.7% | 3/31/2019 | $11,000,000 | 5/1/2019 | ||||||||||||||||||||
Property | 5.05 | Home2 Suites Rochester Henrietta | N/A | 89 | Rooms | 78.3% | 3/31/2019 | $10,000,000 | 5/1/2019 | ||||||||||||||||||||
Property | 5.06 | Holiday Inn Express Olean | 2016 | 76 | Rooms | 68.5% | 3/31/2019 | $10,500,000 | 5/1/2019 | ||||||||||||||||||||
Property | 5.07 | Fairfield Inn Watertown | N/A | 103 | Rooms | 65.7% | 3/31/2019 | $8,100,000 | 5/1/2019 | ||||||||||||||||||||
Property | 5.08 | Holiday Inn Express Canandaigua | N/A | 75 | Rooms | 61.8% | 3/31/2019 | $7,800,000 | 5/1/2019 | ||||||||||||||||||||
Property | 5.09 | Candlewood Suites Watertown | N/A | 112 | Rooms | 68.9% | 3/31/2019 | $7,500,000 | 5/1/2019 | ||||||||||||||||||||
Property | 5.10 | Candlewood Suites Sayre | N/A | 95 | Rooms | 69.5% | 3/31/2019 | $4,800,000 | 5/1/2019 | ||||||||||||||||||||
Loan | 17 | 6 | 617-625 West 46th Street | N/A | 49,500 | SF | 91.9% | 5/23/2019 | $44,350,000 | 4/18/2019 | 4.8200% | 0.03722% | 0.00250% | 0.02250% | 0.00000% | 0.00938% | 0.00200% | 0.00034% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 120 | 120 | 0 | 0 | |
Loan | 5, 13 | 7 | Tower 28 | N/A | 450 | Units | 93.6% | 2/25/2019 | $335,000,000 | 1/10/2019 | 3.7842% | 0.01722% | 0.00250% | 0.00000% | 0.00250% | 0.00938% | 0.00200% | 0.00034% | 0.00050% | Actual/360 | 3 | No | 120 | 117 | 36 | 33 | 360 | 360 | |
Loan | 13 | 8 | North Carolina Technical Park | 2017 | 272,150 | SF | 87.3% | 6/7/2019 | $37,880,000 | 5/29/2019 | 4.5000% | 0.01722% | 0.00250% | 0.00250% | 0.00000% | 0.00938% | 0.00200% | 0.00034% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 0 | 0 | 360 | 360 | |
Loan | 9 | Brotman Physicians Plaza | 2007 | 48,505 | SF | 96.5% | 5/14/2019 | $41,500,000 | 5/15/2019 | 3.9050% | 0.01722% | 0.00250% | 0.00250% | 0.00000% | 0.00938% | 0.00200% | 0.00034% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 120 | 120 | 0 | 0 | ||
Loan | 10 | Wheatland Towne Crossing | 2013 | 206,874 | SF | 95.6% | 4/23/2019 | $35,000,000 | 4/19/2019 | 4.0350% | 0.01722% | 0.00250% | 0.00250% | 0.00000% | 0.00938% | 0.00200% | 0.00034% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 120 | 119 | 0 | 0 | ||
Loan | 6 | 11 | West Palm Beach Industrial | 211,049 | SF | 91.0% | $32,000,000 | 3.7700% | 0.01722% | 0.00250% | 0.00250% | 0.00000% | 0.00938% | 0.00200% | 0.00034% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 120 | 120 | 0 | 0 | ||||
Property | 11.01 | West Palm Beach | N/A | 198,389 | SF | 90.4% | 6/1/2019 | $29,800,000 | 5/1/2019 | ||||||||||||||||||||
Property | 11.02 | Dania Beach | 2017-2018 | 12,660 | SF | 100.0% | 6/1/2019 | $2,200,000 | 5/1/2019 | ||||||||||||||||||||
Loan | 5, 18 | 12 | FedEx Niles | N/A | 314,202 | SF | 100.0% | 7/1/2019 | $85,000,000 | 3/21/2019 | 4.2320% | 0.01722% | 0.00250% | 0.00000% | 0.00250% | 0.00938% | 0.00200% | 0.00034% | 0.00050% | Actual/360 | 1 | Yes | 120 | 119 | 120 | 119 | 0 | 0 | |
Loan | 19 | 13 | DoubleTree Princeton | 2016 | 238 | Rooms | 67.5% | 5/31/2019 | $23,100,000 | 6/1/2020 | 4.7600% | 0.01722% | 0.00250% | 0.00250% | 0.00000% | 0.00938% | 0.00200% | 0.00034% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 0 | 0 | 360 | 360 | |
Loan | 20 | 14 | Marriott Metairie at Lakeway | 2015 | 220 | Rooms | 78.5% | 3/31/2019 | $24,800,000 | 3/12/2019 | 4.5500% | 0.01722% | 0.00250% | 0.00250% | 0.00000% | 0.00938% | 0.00200% | 0.00034% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 36 | 35 | 360 | 360 | |
Loan | 6, 7 | 15 | UES Multi Portfolio | 20,703 | SF | 100.0% | $24,000,000 | 4.4500% | 0.01722% | 0.00250% | 0.00250% | 0.00000% | 0.00938% | 0.00200% | 0.00034% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 120 | 120 | 0 | 0 | ||||
Property | 15.01 | 1494 2nd Avenue | 1985 | 7,150 | SF | 100.0% | 6/14/2019 | $9,800,000 | 5/15/2019 | ||||||||||||||||||||
Property | 15.02 | 1496 2nd Avenue | 1988 | 7,908 | SF | 100.0% | 6/14/2019 | $8,700,000 | 5/15/2019 | ||||||||||||||||||||
Property | 15.03 | 304 East 78th Street | N/A | 5,645 | SF | 100.0% | 6/14/2019 | $5,500,000 | 5/15/2019 | ||||||||||||||||||||
Loan | 16 | Courtyard Plaza | N/A | 193,430 | SF | 92.0% | 3/7/2019 | $24,000,000 | 3/13/2019 | 4.6700% | 0.05472% | 0.00250% | 0.04000% | 0.00000% | 0.00938% | 0.00200% | 0.00034% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 36 | 36 | 360 | 360 | ||
Loan | 21 | 17 | 3 Independence Way | 2018 | 114,004 | SF | 90.4% | 4/5/2019 | $22,900,000 | 12/31/2018 | 4.7800% | 0.01722% | 0.00250% | 0.00250% | 0.00000% | 0.00938% | 0.00200% | 0.00034% | 0.00050% | Actual/360 | 2 | No | 120 | 118 | 0 | 0 | 360 | 358 | |
Loan | 5 | 18 | Legacy Tower | N/A | 332,650 | SF | 91.3% | 5/3/2019 | $34,700,000 | 3/8/2019 | 4.9900% | 0.01722% | 0.00250% | 0.00250% | 0.00000% | 0.00938% | 0.00200% | 0.00034% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 60 | 60 | 360 | 360 | |
Loan | 5 | 19 | 3 Columbus Circle | 2010-2013 | 753,713 | SF | 97.2% | 1/1/2019 | $1,080,000,000 | 1/1/2019 | 3.9140% | 0.01722% | 0.00250% | 0.00000% | 0.00250% | 0.00938% | 0.00200% | 0.00034% | 0.00050% | Actual/360 | 4 | No | 120 | 116 | 120 | 116 | 0 | 0 | |
Loan | 13 | 20 | The View Apartments | N/A | 41,319 | SF | 100.0% | 5/9/2019 | $20,500,000 | 4/26/2019 | 5.2900% | 0.01722% | 0.00250% | 0.00250% | 0.00000% | 0.00938% | 0.00200% | 0.00034% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 120 | 119 | 0 | 0 | |
Loan | 21 | 1458 Ocean Dr / 1437 Collins Ave | N/A | 12,519 | SF | 100.0% | 6/5/2019 | $19,000,000 | 12/22/2018 | 5.6500% | 0.01722% | 0.00250% | 0.00250% | 0.00000% | 0.00938% | 0.00200% | 0.00034% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 120 | 120 | 0 | 0 | ||
Loan | 5, 8 | 22 | Eleven Seventeen Perimeter | 2004 | 392,726 | SF | 85.4% | 5/1/2019 | $66,900,000 | 4/23/2019 | 4.1800% | 0.01722% | 0.00250% | 0.00250% | 0.00000% | 0.00938% | 0.00200% | 0.00034% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 120 | 120 | 0 | 0 | |
Loan | 23 | Bradenton Financial Center | N/A | 116,839 | SF | 91.2% | 5/1/2019 | $15,100,000 | 5/6/2019 | 5.1400% | 0.01722% | 0.00250% | 0.00250% | 0.00000% | 0.00938% | 0.00200% | 0.00034% | 0.00050% | Actual/360 | 0 | No | 60 | 60 | 60 | 60 | 0 | 0 | ||
Loan | 24 | Niles Retail Center | 1991 | 120,424 | SF | 98.8% | 3/1/2019 | $18,100,000 | 3/13/2019 | 4.1880% | 0.01722% | 0.00250% | 0.00250% | 0.00000% | 0.00938% | 0.00200% | 0.00034% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 120 | 119 | 0 | 0 | ||
Loan | 25 | Maplewood Apartments | N/A | 291 | Units | 95.5% | 6/3/2019 | $16,400,000 | 5/1/2019 | 4.5400% | 0.05722% | 0.00250% | 0.04250% | 0.00000% | 0.00938% | 0.00200% | 0.00034% | 0.00050% | Actual/360 | 1 | No | 60 | 59 | 24 | 23 | 360 | 360 | ||
Loan | 26 | Home2Suites - Menomonee Falls | N/A | 105 | Rooms | 78.4% | 4/30/2019 | $15,200,000 | 4/3/2019 | 4.9800% | 0.01722% | 0.00250% | 0.00250% | 0.00000% | 0.00938% | 0.00200% | 0.00034% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 0 | 0 | 360 | 359 | ||
Loan | 27 | Cassens Business Center | 2017 | 132,279 | SF | 100.0% | 5/13/2019 | $14,090,000 | 4/25/2019 | 4.3500% | 0.01722% | 0.00250% | 0.00250% | 0.00000% | 0.00938% | 0.00200% | 0.00034% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 0 | 0 | 360 | 360 | ||
Loan | 13, 22 | 28 | La Privada Apartments | N/A | 240 | Units | 93.3% | 4/30/2019 | $14,400,000 | 5/1/2020 | 4.8900% | 0.01722% | 0.00250% | 0.00250% | 0.00000% | 0.00938% | 0.00200% | 0.00034% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 120 | 119 | 0 | 0 | |
Loan | 5 | 29 | AC by Marriott San Jose | N/A | 210 | Rooms | 80.7% | 2/28/2019 | $100,500,000 | 3/1/2019 | 4.9300% | 0.03597% | 0.00250% | 0.00000% | 0.02125% | 0.00938% | 0.00200% | 0.00034% | 0.00050% | Actual/360 | 3 | No | 120 | 117 | 120 | 117 | 0 | 0 | |
Loan | 7, 11 | 30 | Brookwood Square | N/A | 13,580 | SF | 100.0% | 4/30/2019 | $5,050,000 | 2/15/2019 | 5.8000% | 0.01722% | 0.00250% | 0.00250% | 0.00000% | 0.00938% | 0.00200% | 0.00034% | 0.00050% | Actual/360 | 2 | No | 120 | 118 | 24 | 22 | 360 | 360 | |
Loan | 7, 11 | 31 | 3901 Bolger Road | N/A | 8,400 | SF | 100.0% | 4/30/2019 | $4,650,000 | 2/28/2019 | 5.8000% | 0.01722% | 0.00250% | 0.00250% | 0.00000% | 0.00938% | 0.00200% | 0.00034% | 0.00050% | Actual/360 | 2 | No | 120 | 118 | 24 | 22 | 360 | 360 | |
Loan | 7, 11 | 32 | Michigan Road Shoppes | N/A | 8,314 | SF | 100.0% | 4/30/2019 | $3,560,000 | 2/10/2019 | 5.8000% | 0.01722% | 0.00250% | 0.00250% | 0.00000% | 0.00938% | 0.00200% | 0.00034% | 0.00050% | Actual/360 | 2 | No | 120 | 118 | 24 | 22 | 360 | 360 | |
Loan | 6, 7 | 33 | Brooklyn Multifamily Portfolio I | 49 | Units | 95.9% | $14,800,000 | 5.1000% | 0.03722% | 0.00250% | 0.02250% | 0.00000% | 0.00938% | 0.00200% | 0.00034% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 120 | 119 | 0 | 0 | ||||
Property | 33.01 | 2149 Cortelyou Rd. | N/A | 31 | Units | 93.5% | 5/16/2019 | $6,400,000 | 3/18/2019 | ||||||||||||||||||||
Property | 33.02 | 210 Broadway | N/A | 4 | Units | 100.0% | 5/16/2019 | $3,700,000 | 3/14/2019 | ||||||||||||||||||||
Property | 33.03 | 1235 Halsey St. | N/A | 8 | Units | 100.0% | 5/16/2019 | $2,500,000 | 3/18/2019 | ||||||||||||||||||||
Property | 33.04 | 1324 Hancock St. | N/A | 6 | Units | 100.0% | 5/16/2019 | $2,200,000 | 3/18/2019 | ||||||||||||||||||||
Loan | 7, 12 | 34 | Shoppes at Holly Springs | N/A | 43,617 | SF | 84.8% | 3/5/2019 | $7,950,000 | 4/9/2019 | 4.0200% | 0.01722% | 0.00250% | 0.00250% | 0.00000% | 0.00938% | 0.00200% | 0.00034% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 36 | 35 | 360 | 360 | |
Loan | 7, 12 | 35 | Jefferson Square | N/A | 39,906 | SF | 89.5% | 3/1/2019 | $4,600,000 | 4/10/2019 | 4.0200% | 0.01722% | 0.00250% | 0.00250% | 0.00000% | 0.00938% | 0.00200% | 0.00034% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 36 | 35 | 360 | 360 | |
Loan | 23 | 36 | Best Western Plus South Bay Hotel | 2018 | 97 | Rooms | 84.0% | 4/30/2019 | $15,800,000 | 3/22/2019 | 5.0500% | 0.01722% | 0.00250% | 0.00250% | 0.00000% | 0.00938% | 0.00200% | 0.00034% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 0 | 0 | 360 | 359 | |
Loan | 37 | Lakecrest-Southpointe Portfolio | 2007 | 120,627 | SF | 72.3% | 4/30/2019 | $14,500,000 | 3/27/2019 | 5.4000% | 0.01722% | 0.00250% | 0.00250% | 0.00000% | 0.00938% | 0.00200% | 0.00034% | 0.00050% | Actual/360 | 1 | No | 60 | 59 | 24 | 23 | 360 | 360 | ||
Loan | 38 | Food Lion Mount Airy | 2008 | 98,354 | SF | 100.0% | 5/28/2019 | $14,000,000 | 4/2/2019 | 4.1200% | 0.07472% | 0.00250% | 0.06000% | 0.00000% | 0.00938% | 0.00200% | 0.00034% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 120 | 119 | 0 | 0 | ||
Loan | 39 | Crossing Pointe Shoppes | N/A | 23,503 | SF | 100.0% | 5/8/2019 | $12,200,000 | 4/10/2019 | 4.6400% | 0.01722% | 0.00250% | 0.00250% | 0.00000% | 0.00938% | 0.00200% | 0.00034% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 120 | 120 | 0 | 0 | ||
Loan | 24 | 40 | Best Western Sanford Airport | 2018 | 71 | Rooms | 83.6% | 2/28/2019 | $11,000,000 | 3/1/2019 | 5.4000% | 0.03722% | 0.00250% | 0.02250% | 0.00000% | 0.00938% | 0.00200% | 0.00034% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 0 | 0 | 300 | 300 | |
Loan | 41 | Sunnyside Retail Center | 2018 | 93,449 | SF | 100.0% | 5/17/2019 | $9,850,000 | 2/22/2019 | 4.9900% | 0.03722% | 0.00250% | 0.02250% | 0.00000% | 0.00938% | 0.00200% | 0.00034% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 24 | 23 | 360 | 360 | ||
Loan | 42 | Greenwood Heights | 2018 | 16,500 | SF | 100.0% | 4/25/2019 | $10,500,000 | 3/26/2019 | 5.5000% | 0.01722% | 0.00250% | 0.00250% | 0.00000% | 0.00938% | 0.00200% | 0.00034% | 0.00050% | Actual/360 | 2 | No | 120 | 118 | 0 | 0 | 360 | 358 | ||
Loan | 9 | 43 | Tatum Plaza | N/A | 29,460 | SF | 91.9% | 6/4/2019 | $10,200,000 | 5/12/2019 | 4.0780% | 0.01722% | 0.00250% | 0.00250% | 0.00000% | 0.00938% | 0.00200% | 0.00034% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 120 | 120 | 0 | 0 | |
Loan | 9 | 44 | Tatum Ranch Crossing | N/A | 31,001 | SF | 88.0% | 6/4/2019 | $10,020,000 | 5/12/2019 | 4.0780% | 0.01722% | 0.00250% | 0.00250% | 0.00000% | 0.00938% | 0.00200% | 0.00034% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 120 | 120 | 0 | 0 | |
Loan | 9 | 45 | Shadow Creek Marketplace | N/A | 28,329 | SF | 89.5% | 6/4/2019 | $9,500,000 | 5/17/2019 | 4.0780% | 0.01722% | 0.00250% | 0.00250% | 0.00000% | 0.00938% | 0.00200% | 0.00034% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 120 | 120 | 0 | 0 | |
Loan | 46 | The Nash Building | 2016-2017 | 47,551 | SF | 100.0% | 5/1/2019 | $7,850,000 | 4/29/2019 | 4.6000% | 0.01722% | 0.00250% | 0.00250% | 0.00000% | 0.00938% | 0.00200% | 0.00034% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 36 | 35 | 360 | 360 | ||
Loan | 47 | 3115 Fry Road | 2019 | 80,707 | SF | 100.0% | 4/8/2019 | $8,100,000 | 3/18/2019 | 4.5200% | 0.06722% | 0.00250% | 0.05250% | 0.00000% | 0.00938% | 0.00200% | 0.00034% | 0.00050% | Actual/360 | 2 | No | 120 | 118 | 120 | 118 | 0 | 0 | ||
Loan | 25, 26 | 48 | Quality Inn Oneonta Cooperstown Area | 2016-2018 | 121 | Rooms | 59.7% | 11/30/2018 | $7,000,000 | 12/12/2018 | 5.7000% | 0.01722% | 0.00250% | 0.00250% | 0.00000% | 0.00938% | 0.00200% | 0.00034% | 0.00050% | Actual/360 | 5 | No | 120 | 115 | 0 | 0 | 300 | 295 | |
Loan | 49 | 102 Washington Place | 1953 | 6 | Units | 100.0% | 5/16/2019 | $8,500,000 | 1/22/2019 | 4.7800% | 0.03722% | 0.00250% | 0.02250% | 0.00000% | 0.00938% | 0.00200% | 0.00034% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 120 | 119 | 0 | 0 | ||
Loan | 7 | 50 | Woodland Square Apartments | N/A | 72 | Units | 97.2% | 2/26/2019 | $5,390,000 | 3/19/2019 | 5.1000% | 0.03722% | 0.00250% | 0.02250% | 0.00000% | 0.00938% | 0.00200% | 0.00034% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 24 | 23 | 360 | 360 | |
Loan | 51 | Union Avenue | N/A | 105,577 | SF | 97.2% | 5/29/2019 | $5,100,000 | 4/5/2019 | 4.8000% | 0.09472% | 0.00250% | 0.08000% | 0.00000% | 0.00938% | 0.00200% | 0.00034% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 12 | 11 | 360 | 360 | ||
Loan | 52 | Briarwood Apartments | 2002 | 56 | Units | 100.0% | 4/1/2019 | $5,600,000 | 4/5/2019 | 4.3100% | 0.01722% | 0.00250% | 0.00250% | 0.00000% | 0.00938% | 0.00200% | 0.00034% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 120 | 119 | 0 | 0 | ||
Loan | 53 | Greensburg Park Self Storage | N/A | 58,062 | SF | 90.9% | 4/17/2019 | $4,850,000 | 4/4/2019 | 4.5200% | 0.01722% | 0.00250% | 0.00250% | 0.00000% | 0.00938% | 0.00200% | 0.00034% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 12 | 11 | 360 | 360 |
A-1-3
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Property Flag | Footnotes | Loan ID | Property Name | 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) | 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) |
Loan | 5, 8 | 1 | Grand Canal Shoppes | 6/3/2019 | 8/1/2019 | N/A | 7/1/2029 | N/A | $0.00 | $221,244.07 | $0.00 | $2,654,928.84 | Hard | Springing | No | N/A | N/A | 2.53x | N/A | 2.46x | 46.3% | 46.3% | 5 |
Loan | 5, 6, 7, 10, 14 | 2 | SoCal Retail Portfolio | 4/25/2019 | 6/6/2019 | N/A | 5/6/2029 | N/A | $0.00 | $205,768.75 | $0.00 | $2,469,225.00 | Hard | Springing | No | N/A | N/A | 2.40x | N/A | 2.28x | 52.0% | 52.0% | 0 |
Property | 2.01 | The Springs | |||||||||||||||||||||
Property | 2.02 | Summerwood | |||||||||||||||||||||
Property | 2.03 | Food 4 Less – Target Center | |||||||||||||||||||||
Property | 2.04 | El Super Center | |||||||||||||||||||||
Property | 2.05 | Island Plaza | |||||||||||||||||||||
Property | 2.06 | Baldwin Park Promenade | |||||||||||||||||||||
Property | 2.07 | Lynwood Plaza | |||||||||||||||||||||
Property | 2.08 | El Cajon (CVS) | |||||||||||||||||||||
Property | 2.09 | Loma Vista | |||||||||||||||||||||
Property | 2.10 | MLK Medical | |||||||||||||||||||||
Property | 2.11 | Hawthorne Plaza | |||||||||||||||||||||
Property | 2.12 | Five Points Plaza | |||||||||||||||||||||
Property | 2.13 | Towne Center Square | |||||||||||||||||||||
Property | 2.14 | Camarillo | |||||||||||||||||||||
Loan | 5, 15 | 3 | Embassy Suites at Centennial Olympic Park | 6/7/2019 | 8/6/2019 | N/A | 7/6/2029 | N/A | $230,421.11 | $0.00 | $2,765,053.32 | $0.00 | Hard | Springing | No | N/A | 1.90x | N/A | 1.72x | N/A | 68.4% | 55.7% | 0 |
Loan | 5, 13 | 4 | 125 Borinquen Place | 5/31/2019 | 7/6/2019 | N/A | 6/6/2029 | N/A | $0.00 | $115,329.86 | $0.00 | $1,383,958.33 | N/A | N/A | No | N/A | N/A | 2.02x | N/A | 2.00x | 54.4% | 54.4% | 0 |
Loan | 5, 6, 7, 8, 13, 16 | 5 | Visions Hotel Portfolio II | 6/11/2019 | 8/6/2019 | N/A | 7/6/2029 | N/A | $145,253.25 | $0.00 | $1,743,039.00 | $0.00 | Springing | Springing | No | N/A | 2.33x | N/A | 2.08x | N/A | 59.2% | 48.1% | 0 |
Property | 5.01 | Courtyard Horseheads | |||||||||||||||||||||
Property | 5.02 | Home2 Suites Oswego | |||||||||||||||||||||
Property | 5.03 | Holiday Inn & Suites Rochester Marketplace | |||||||||||||||||||||
Property | 5.04 | Hampton Inn Corning Painted Post | |||||||||||||||||||||
Property | 5.05 | Home2 Suites Rochester Henrietta | |||||||||||||||||||||
Property | 5.06 | Holiday Inn Express Olean | |||||||||||||||||||||
Property | 5.07 | Fairfield Inn Watertown | |||||||||||||||||||||
Property | 5.08 | Holiday Inn Express Canandaigua | |||||||||||||||||||||
Property | 5.09 | Candlewood Suites Watertown | |||||||||||||||||||||
Property | 5.10 | Candlewood Suites Sayre | |||||||||||||||||||||
Loan | 17 | 6 | 617-625 West 46th Street | 6/18/2019 | 8/6/2019 | N/A | 7/6/2029 | N/A | $0.00 | $114,028.70 | $0.00 | $1,368,344.40 | Soft | Springing | No | N/A | N/A | 1.67x | N/A | 1.63x | 63.1% | 63.1% | 0 |
Loan | 5, 13 | 7 | Tower 28 | 3/11/2019 | 5/1/2019 | 5/1/2022 | 4/1/2029 | N/A | $120,915.18 | $83,129.76 | $1,450,982.16 | $997,557.12 | Hard | In Place | No | N/A | 2.33x | 3.39x | 2.31x | 3.36x | 33.4% | 28.8% | 0 |
Loan | 13 | 8 | North Carolina Technical Park | 6/25/2019 | 8/6/2019 | N/A | 7/6/2029 | N/A | $129,204.75 | $0.00 | $1,550,457.00 | $0.00 | Hard | Springing | No | N/A | 1.49x | N/A | 1.32x | N/A | 67.3% | 54.6% | 0 |
Loan | 9 | Brotman Physicians Plaza | 6/10/2019 | 8/6/2019 | N/A | 7/6/2029 | N/A | $0.00 | $76,710.20 | $0.00 | $920,522.40 | Soft | Springing | No | N/A | N/A | 2.31x | N/A | 2.23x | 56.0% | 56.0% | 0 | |
Loan | 10 | Wheatland Towne Crossing | 5/10/2019 | 7/1/2019 | N/A | 6/1/2029 | N/A | $0.00 | $72,445.53 | $0.00 | $869,346.36 | Springing | Springing | No | N/A | N/A | 3.12x | N/A | 2.97x | 60.7% | 60.7% | 0 | |
Loan | 6 | 11 | West Palm Beach Industrial | 6/7/2019 | 8/6/2019 | N/A | 7/6/2029 | N/A | $0.00 | $63,706.02 | $0.00 | $764,472.22 | Springing | Springing | No | N/A | N/A | 3.05x | N/A | 3.00x | 62.5% | 62.5% | 0 |
Property | 11.01 | West Palm Beach | |||||||||||||||||||||
Property | 11.02 | Dania Beach | |||||||||||||||||||||
Loan | 5, 18 | 12 | FedEx Niles | 5/3/2019 | 7/1/2019 | N/A | 6/1/2029 | 5/1/2030 | $0.00 | $58,998.19 | $0.00 | $707,978.28 | Hard | Springing | No | N/A | N/A | 2.19x | N/A | 2.14x | 54.7% | 54.7% | 0 |
Loan | 19 | 13 | DoubleTree Princeton | 6/17/2019 | 8/6/2019 | N/A | 7/6/2029 | N/A | $84,082.29 | $0.00 | $1,008,987.48 | $0.00 | Springing | Springing | No | N/A | 2.11x | N/A | 1.78x | N/A | 69.7% | 57.0% | 0 |
Loan | 20 | 14 | Marriott Metairie at Lakeway | 5/22/2019 | 7/1/2019 | 7/1/2022 | 6/1/2029 | N/A | $81,545.68 | $61,509.26 | $978,548.16 | $738,111.12 | Springing | Springing | No | N/A | 2.55x | 3.39x | 2.09x | 2.77x | 64.5% | 56.6% | 0 |
Loan | 6, 7 | 15 | UES Multi Portfolio | 6/24/2019 | 8/6/2019 | N/A | 7/6/2029 | N/A | $0.00 | $59,781.42 | $0.00 | $717,377.04 | Soft | Springing | No | N/A | N/A | 1.39x | N/A | 1.38x | 66.3% | 66.3% | 0 |
Property | 15.01 | 1494 2nd Avenue | |||||||||||||||||||||
Property | 15.02 | 1496 2nd Avenue | |||||||||||||||||||||
Property | 15.03 | 304 East 78th Street | |||||||||||||||||||||
Loan | 16 | Courtyard Plaza | 6/27/2019 | 8/6/2019 | 8/6/2022 | 7/6/2029 | N/A | $79,592.77 | $60,764.05 | $955,113.24 | $729,168.60 | Springing | Springing | No | No | 1.77x | 2.32x | 1.61x | 2.10x | 64.2% | 56.5% | 0 | |
Loan | 21 | 17 | 3 Independence Way | 4/22/2019 | 6/6/2019 | N/A | 5/6/2029 | N/A | $78,518.57 | $0.00 | $942,222.84 | $0.00 | Hard | In Place | No | N/A | 1.58x | N/A | 1.50x | N/A | 65.3% | 53.6% | 0 |
Loan | 5 | 18 | Legacy Tower | 6/5/2019 | 8/5/2019 | 8/5/2024 | 7/1/2029 | N/A | $72,388.44 | $56,917.19 | $868,661.28 | $683,006.28 | Springing | Springing | No | N/A | 1.90x | 2.41x | 1.44x | 1.83x | 63.4% | 58.6% | 0 |
Loan | 5 | 19 | 3 Columbus Circle | 3/12/2019 | 4/11/2019 | N/A | 3/11/2029 | N/A | $0.00 | $41,337.09 | $0.00 | $496,045.08 | Hard | In Place | No | N/A | N/A | 3.11x | N/A | 2.91x | 45.4% | 45.4% | 0 |
Loan | 13 | 20 | The View Apartments | 6/3/2019 | 7/6/2019 | N/A | 6/6/2029 | N/A | $0.00 | $54,528.63 | $0.00 | $654,343.56 | Soft | Springing | No | N/A | N/A | 1.48x | N/A | 1.46x | 59.5% | 59.5% | 0 |
Loan | 21 | 1458 Ocean Dr / 1437 Collins Ave | 6/24/2019 | 8/6/2019 | N/A | 7/6/2029 | N/A | $0.00 | $58,239.47 | $0.00 | $698,873.64 | Hard | Springing | No | N/A | N/A | 1.41x | N/A | 1.36x | 64.2% | 64.2% | 0 | |
Loan | 5, 8 | 22 | Eleven Seventeen Perimeter | 6/3/2019 | 8/1/2019 | N/A | 7/1/2029 | N/A | $0.00 | $42,380.56 | $0.00 | $508,566.72 | Springing | Springing | No | N/A | N/A | 2.67x | N/A | 2.45x | 65.8% | 65.8% | 0 |
Loan | 23 | Bradenton Financial Center | 6/7/2019 | 8/6/2019 | N/A | 7/6/2024 | N/A | $0.00 | $48,693.91 | $0.00 | $584,326.92 | Hard | Springing | No | N/A | N/A | 1.96x | N/A | 1.96x | 74.3% | 74.3% | 0 | |
Loan | 24 | Niles Retail Center | 5/9/2019 | 7/1/2019 | N/A | 6/1/2029 | N/A | $0.00 | $38,923.19 | $0.00 | $467,078.28 | Springing | Springing | No | N/A | N/A | 2.94x | N/A | 2.68x | 60.8% | 60.8% | 5 | |
Loan | 25 | Maplewood Apartments | 6/5/2019 | 7/6/2019 | 7/6/2021 | 6/6/2024 | N/A | $54,979.00 | $41,427.50 | $659,748.00 | $497,130.00 | Springing | Springing | No | N/A | 1.75x | 2.32x | 1.62x | 2.16x | 65.9% | 62.8% | 0 | |
Loan | 26 | Home2Suites - Menomonee Falls | 5/22/2019 | 7/6/2019 | N/A | 6/6/2029 | N/A | $56,987.84 | $0.00 | $683,854.08 | $0.00 | Springing | Springing | No | N/A | 1.95x | N/A | 1.76x | N/A | 69.9% | 57.7% | 0 | |
Loan | 27 | Cassens Business Center | 6/11/2019 | 8/6/2019 | N/A | 7/6/2029 | N/A | $52,454.43 | $0.00 | $629,453.16 | $0.00 | Hard | Springing | No | N/A | 1.57x | N/A | 1.49x | N/A | 74.8% | 60.3% | 0 | |
Loan | 13, 22 | 28 | La Privada Apartments | 5/31/2019 | 7/6/2019 | N/A | 6/6/2029 | N/A | $0.00 | $41,605.18 | $0.00 | $499,262.16 | Soft | Springing | No | N/A | N/A | 1.79x | N/A | 1.79x | 69.9% | 69.9% | 0 |
Loan | 5 | 29 | AC by Marriott San Jose | 3/27/2019 | 5/1/2019 | N/A | 4/1/2029 | N/A | $0.00 | $41,653.94 | $0.00 | $499,847.28 | Hard | Springing | No | N/A | N/A | 2.28x | N/A | 2.05x | 59.7% | 59.7% | 10 (4 times during the term of the loan) |
Loan | 7, 11 | 30 | Brookwood Square | 4/30/2019 | 6/6/2019 | 6/6/2021 | 5/6/2029 | N/A | $21,123.11 | $17,641.67 | $253,477.32 | $211,700.04 | Hard | Springing | Yes | Group B | 1.33x | 1.60x | 1.29x | 1.54x | 71.5% | 63.2% | 0 |
Loan | 7, 11 | 31 | 3901 Bolger Road | 4/30/2019 | 6/6/2019 | 6/6/2021 | 5/6/2029 | N/A | $19,538.88 | $16,318.54 | $234,466.56 | $195,822.48 | Hard | Springing | Yes | Group B | 1.33x | 1.60x | 1.29x | 1.54x | 71.5% | 63.2% | 0 |
Loan | 7, 11 | 32 | Michigan Road Shoppes | 4/30/2019 | 6/6/2019 | 6/6/2021 | 5/6/2029 | N/A | $14,932.86 | $12,471.68 | $179,194.32 | $149,660.16 | Hard | Springing | Yes | Group B | 1.33x | 1.60x | 1.29x | 1.54x | 71.5% | 63.2% | 0 |
Loan | 6, 7 | 33 | Brooklyn Multifamily Portfolio I | 5/24/2019 | 7/6/2019 | N/A | 6/6/2029 | N/A | $0.00 | $39,643.06 | $0.00 | $475,716.72 | Springing | Springing | No | N/A | N/A | 1.45x | N/A | 1.44x | 62.2% | 62.2% | 4 (2 times during the term of the loan) |
Property | 33.01 | 2149 Cortelyou Rd. | |||||||||||||||||||||
Property | 33.02 | 210 Broadway | |||||||||||||||||||||
Property | 33.03 | 1235 Halsey St. | |||||||||||||||||||||
Property | 33.04 | 1324 Hancock St. | |||||||||||||||||||||
Loan | 7, 12 | 34 | Shoppes at Holly Springs | 5/17/2019 | 7/1/2019 | 7/1/2022 | 6/1/2029 | N/A | $27,474.77 | $19,499.55 | $329,697.24 | $233,994.60 | Springing | Springing | Yes | Group C | 2.06x | 2.90x | 1.91x | 2.70x | 73.2% | 63.5% | 5 |
Loan | 7, 12 | 35 | Jefferson Square | 5/17/2019 | 7/1/2019 | 7/1/2022 | 6/1/2029 | N/A | $16,510.63 | $11,718.02 | $198,127.56 | $140,616.24 | Springing | Springing | Yes | Group C | 2.06x | 2.90x | 1.91x | 2.70x | 73.2% | 63.5% | 5 |
Loan | 23 | 36 | Best Western Plus South Bay Hotel | 5/22/2019 | 7/1/2019 | N/A | 6/1/2029 | N/A | $48,589.34 | $0.00 | $583,072.08 | $0.00 | Springing | Springing | No | N/A | 1.98x | N/A | 1.76x | N/A | 56.9% | 47.0% | 5 |
Loan | 37 | Lakecrest-Southpointe Portfolio | 5/17/2019 | 7/6/2019 | 7/6/2021 | 6/6/2024 | N/A | $46,887.82 | $38,096.88 | $562,653.84 | $457,162.56 | Springing | Springing | No | N/A | 1.77x | 2.18x | 1.67x | 2.06x | 57.6% | 55.3% | 0 | |
Loan | 38 | Food Lion Mount Airy | 5/30/2019 | 7/1/2019 | N/A | 6/1/2029 | N/A | $0.00 | $27,848.15 | $0.00 | $334,177.80 | Springing | Springing | No | N/A | N/A | 3.13x | N/A | 2.84x | 57.1% | 57.1% | 5 | |
Loan | 39 | Crossing Pointe Shoppes | 6/14/2019 | 8/1/2019 | N/A | 7/1/2029 | N/A | $0.00 | $31,024.83 | $0.00 | $372,297.96 | Springing | Springing | No | N/A | N/A | 2.03x | N/A | 1.92x | 64.9% | 64.9% | 0 | |
Loan | 24 | 40 | Best Western Sanford Airport | 6/13/2019 | 8/1/2019 | N/A | 7/1/2029 | N/A | $41,960.96 | $0.00 | $503,531.52 | $0.00 | Hard | Springing | No | N/A | 1.91x | N/A | 1.71x | N/A | 62.7% | 47.8% | 0 |
Loan | 41 | Sunnyside Retail Center | 6/5/2019 | 7/6/2019 | 7/6/2021 | 6/6/2029 | N/A | $35,389.90 | $27,826.18 | $424,678.80 | $333,914.16 | Springing | Springing | No | N/A | 1.48x | 1.89x | 1.34x | 1.71x | 67.0% | 58.1% | 0 | |
Loan | 42 | Greenwood Heights | 5/1/2019 | 6/6/2019 | N/A | 5/6/2029 | N/A | $36,906.29 | $0.00 | $442,875.48 | $0.00 | Hard | Springing | No | No | 1.26x | N/A | 1.24x | N/A | 61.8% | 51.8% | 0 | |
Loan | 9 | 43 | Tatum Plaza | 6/10/2019 | 8/6/2019 | N/A | 7/6/2029 | N/A | $0.00 | $21,534.58 | $0.00 | $258,414.93 | Springing | Springing | No | Group A | N/A | 2.62x | N/A | 2.49x | 61.3% | 61.3% | 0 |
Loan | 9 | 44 | Tatum Ranch Crossing | 6/10/2019 | 8/6/2019 | N/A | 7/6/2029 | N/A | $0.00 | $21,534.58 | $0.00 | $258,414.93 | Springing | Springing | No | Group A | N/A | 2.62x | N/A | 2.47x | 62.4% | 62.4% | 0 |
Loan | 9 | 45 | Shadow Creek Marketplace | 6/10/2019 | 8/6/2019 | N/A | 7/6/2029 | N/A | $0.00 | $20,328.64 | $0.00 | $243,943.69 | Springing | Springing | No | Group A | N/A | 2.59x | N/A | 2.46x | 62.1% | 62.1% | 0 |
Loan | 46 | The Nash Building | 5/22/2019 | 7/6/2019 | 7/6/2022 | 6/6/2029 | N/A | $27,682.80 | $20,987.50 | $332,193.60 | $251,850.00 | Springing | Springing | No | N/A | 1.65x | 2.17x | 1.50x | 1.97x | 68.8% | 60.5% | 5 | |
Loan | 47 | 3115 Fry Road | 4/30/2019 | 6/1/2019 | N/A | 5/1/2029 | N/A | $0.00 | $20,106.94 | $0.00 | $241,283.28 | Springing | Springing | No | N/A | N/A | 2.43x | N/A | 2.24x | 65.0% | 65.0% | 5 | |
Loan | 25, 26 | 48 | Quality Inn Oneonta Cooperstown Area | 2/6/2019 | 3/6/2019 | N/A | 2/6/2029 | N/A | $28,173.98 | $0.00 | $338,087.76 | $0.00 | Hard | Springing | No | N/A | 2.24x | N/A | 1.80x | N/A | 63.8% | 49.4% | 0 |
Loan | 49 | 102 Washington Place | 5/17/2019 | 7/1/2019 | N/A | 6/1/2029 | N/A | $0.00 | $16,558.50 | $0.00 | $198,702.00 | Springing | Springing | No | N/A | N/A | 1.66x | N/A | 1.65x | 48.2% | 48.2% | 0 | |
Loan | 7 | 50 | Woodland Square Apartments | 5/16/2019 | 7/6/2019 | 7/6/2021 | 6/6/2029 | N/A | $21,935.17 | $17,408.47 | $263,222.04 | $208,901.64 | Springing | Springing | No | N/A | 1.42x | 1.78x | 1.33x | 1.68x | 75.0% | 65.1% | 4 (2 times during the term of the loan) |
Loan | 51 | Union Avenue | 5/31/2019 | 7/1/2019 | 7/1/2020 | 6/1/2029 | N/A | $19,674.95 | $15,208.33 | $236,099.40 | $182,499.96 | Springing | Springing | No | N/A | 1.86x | 2.40x | 1.66x | 2.15x | 73.5% | 61.8% | 5 | |
Loan | 52 | Briarwood Apartments | 5/21/2019 | 7/1/2019 | N/A | 6/1/2029 | N/A | $0.00 | $12,927.51 | $0.00 | $155,130.12 | Springing | Springing | No | N/A | N/A | 2.34x | N/A | 2.25x | 63.4% | 63.4% | 5 | |
Loan | 53 | Greensburg Park Self Storage | 5/9/2019 | 7/1/2019 | 7/1/2020 | 6/1/2029 | N/A | $14,728.36 | $11,075.05 | $176,740.32 | $132,900.60 | Springing | Springing | No | N/A | 1.86x | 2.47x | 1.81x | 2.40x | 59.8% | 49.9% | 5 |
A-1-4
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Property Flag | Footnotes | Loan ID | Property Name | Grace Period to Default (Days) | 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 | Most Recent Expenses | Most Recent NOI | Most Recent NOI Date | Most Recent NOI Debt Yield | Underwritten Occupancy Rate | |
Loan | 5, 8 | 1 | Grand Canal Shoppes | 0 (1 grace period of 2 business days every 12 month period) | First | LO(24);DEF(91);O(5) | $107,586,327 | $33,160,381 | $74,425,947 | 12/31/2017 | 9.8% | $103,110,653 | $31,784,180 | $71,326,473 | 12/31/2018 | 9.4% | $102,473,435 | $31,007,624 | $71,465,811 | 3/31/2019 TTM | 9.4% | 94.0% | ||
Loan | 5, 6, 7, 10, 14 | 2 | SoCal Retail Portfolio | 0 | Sixth | LO(26);YM1(89);O(5) | A | $23,199,707 | $5,426,714 | $17,772,993 | 12/31/2016 | 8.3% | $25,444,108 | $5,686,484 | $19,757,624 | 12/31/2017 | 9.2% | $25,772,434 | $5,693,649 | $20,078,785 | 12/31/2018 | 9.3% | 94.1% | |
Property | 2.01 | The Springs | $3,661,670 | $1,048,836 | $2,612,834 | 12/31/2016 | $4,006,174 | $1,073,858 | $2,932,316 | 12/31/2017 | $4,894,462 | $1,124,321 | $3,770,140 | 12/31/2018 | 92.5% | |||||||||
Property | 2.02 | Summerwood | $3,463,690 | $699,202 | $2,764,489 | 12/31/2016 | $3,856,357 | $683,915 | $3,172,442 | 12/31/2017 | $4,030,751 | $701,864 | $3,328,887 | 12/31/2018 | 95.0% | |||||||||
Property | 2.03 | Food 4 Less – Target Center | $2,607,363 | $370,497 | $2,236,866 | 12/31/2016 | $2,681,454 | $407,311 | $2,274,144 | 12/31/2017 | $2,622,197 | $438,728 | $2,183,469 | 12/31/2018 | 95.0% | |||||||||
Property | 2.04 | El Super Center | $1,950,722 | $522,913 | $1,427,809 | 12/31/2016 | $2,393,075 | $576,743 | $1,816,332 | 12/31/2017 | $2,008,308 | $566,899 | $1,441,410 | 12/31/2018 | 95.0% | |||||||||
Property | 2.05 | Island Plaza | $1,794,035 | $342,576 | $1,451,458 | 12/31/2016 | $2,123,336 | $357,820 | $1,765,516 | 12/31/2017 | $2,023,523 | $379,446 | $1,644,077 | 12/31/2018 | 95.0% | |||||||||
Property | 2.06 | Baldwin Park Promenade | $1,368,748 | $329,044 | $1,039,703 | 12/31/2016 | $1,553,744 | $335,659 | $1,218,085 | 12/31/2017 | $1,629,991 | $333,738 | $1,296,253 | 12/31/2018 | 95.0% | |||||||||
Property | 2.07 | Lynwood Plaza | $1,248,718 | $405,141 | $843,577 | 12/31/2016 | $1,399,750 | $453,511 | $946,238 | 12/31/2017 | $1,348,490 | $428,718 | $919,772 | 12/31/2018 | 95.0% | |||||||||
Property | 2.08 | El Cajon (CVS) | $1,057,339 | $206,346 | $850,993 | 12/31/2016 | $1,088,230 | $258,500 | $829,730 | 12/31/2017 | $1,109,415 | $232,435 | $876,980 | 12/31/2018 | 95.0% | |||||||||
Property | 2.09 | Loma Vista | $1,189,907 | $245,523 | $944,384 | 12/31/2016 | $1,242,489 | $232,226 | $1,010,263 | 12/31/2017 | $1,179,935 | $233,345 | $946,589 | 12/31/2018 | 94.3% | |||||||||
Property | 2.10 | MLK Medical | $934,077 | $132,682 | $801,394 | 12/31/2016 | $988,919 | $136,106 | $852,813 | 12/31/2017 | $973,355 | $135,300 | $838,055 | 12/31/2018 | 92.5% | |||||||||
Property | 2.11 | Hawthorne Plaza | $1,118,054 | $208,959 | $909,095 | 12/31/2016 | $1,165,693 | $245,517 | $920,176 | 12/31/2017 | $1,112,891 | $227,925 | $884,967 | 12/31/2018 | 93.6% | |||||||||
Property | 2.12 | Five Points Plaza | $1,062,649 | $352,349 | $710,300 | 12/31/2016 | $1,160,805 | $364,576 | $796,228 | 12/31/2017 | $1,037,964 | $395,569 | $642,395 | 12/31/2018 | 91.3% | |||||||||
Property | 2.13 | Towne Center Square | $1,049,516 | $348,311 | $701,205 | 12/31/2016 | $1,076,927 | $358,725 | $718,202 | 12/31/2017 | $1,093,775 | $319,455 | $774,319 | 12/31/2018 | 94.3% | |||||||||
Property | 2.14 | Camarillo | $693,221 | $214,335 | $478,886 | 12/31/2016 | $707,155 | $202,018 | $505,138 | 12/31/2017 | $707,376 | $175,905 | $531,471 | 12/31/2018 | 95.0% | |||||||||
Loan | 5, 15 | 3 | Embassy Suites at Centennial Olympic Park | 0 | Sixth | LO(24);DEF(92);O(4) | $20,769,330 | $12,624,406 | $8,144,924 | 12/31/2017 | 9.8% | $21,808,761 | $13,332,721 | $8,476,039 | 12/31/2018 | 10.2% | $23,596,632 | $13,809,940 | $9,786,692 | 4/30/2019 TTM | 11.7% | 83.7% | ||
Loan | 5, 13 | 4 | 125 Borinquen Place | 0 | Sixth | LO(25);DEF(89);O(6) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $3,754,788 | $592,954 | $3,161,834 | 2/28/2019 T-6 Ann. | 6.1% | 88.0% | ||
Loan | 5, 6, 7, 8, 13, 16 | 5 | Visions Hotel Portfolio II | 0 | Sixth | LO(24);DEF(92);O(4) | $21,496,761 | $13,798,733 | $7,698,028 | 12/31/2017 | 12.4% | $23,844,625 | $14,863,212 | $8,981,413 | 12/31/2018 | 14.4% | $24,478,404 | $15,120,031 | $9,358,373 | 3/31/2019 TTM | 15.0% | 64.1% | ||
Property | 5.01 | Courtyard Horseheads | $2,345,420 | $1,477,187 | $868,233 | 12/31/2017 | $2,622,608 | $1,580,289 | $1,042,319 | 12/31/2018 | $2,689,847 | $1,594,884 | $1,094,964 | 3/31/2019 TTM | 55.7% | |||||||||
Property | 5.02 | Home2 Suites Oswego | $770,079 | $534,999 | $235,080 | 12/31/2017 | $1,978,583 | $1,016,078 | $962,505 | 12/31/2018 | $2,549,099 | $1,147,217 | $1,401,882 | 3/31/2019 TTM | 61.5% | |||||||||
Property | 5.03 | Holiday Inn & Suites Rochester Marketplace | $3,611,778 | $2,451,965 | $1,159,813 | 12/31/2017 | $3,376,073 | $2,434,683 | $941,390 | 12/31/2018 | $3,292,028 | $2,373,446 | $918,582 | 3/31/2019 TTM | 62.2% | |||||||||
Property | 5.04 | Hampton Inn Corning Painted Post | $2,338,694 | $1,376,969 | $961,725 | 12/31/2017 | $2,367,623 | $1,434,682 | $932,941 | 12/31/2018 | $2,335,704 | $1,409,675 | $926,029 | 3/31/2019 TTM | 49.7% | |||||||||
Property | 5.05 | Home2 Suites Rochester Henrietta | $2,843,589 | $1,680,601 | $1,162,988 | 12/31/2017 | $2,941,519 | $1,788,068 | $1,153,452 | 12/31/2018 | $2,988,510 | $1,850,421 | $1,138,089 | 3/31/2019 TTM | 78.3% | |||||||||
Property | 5.06 | Holiday Inn Express Olean | $2,120,985 | $1,328,436 | $792,549 | 12/31/2017 | $2,249,579 | $1,345,563 | $904,016 | 12/31/2018 | $2,292,219 | $1,387,128 | $905,091 | 3/31/2019 TTM | 68.5% | |||||||||
Property | 5.07 | Fairfield Inn Watertown | $2,395,724 | $1,559,674 | $836,050 | 12/31/2017 | $2,494,622 | $1,630,513 | $864,109 | 12/31/2018 | $2,460,572 | $1,625,424 | $835,149 | 3/31/2019 TTM | 65.7% | |||||||||
Property | 5.08 | Holiday Inn Express Canandaigua | $1,838,441 | $1,240,247 | $598,194 | 12/31/2017 | $1,998,337 | $1,308,081 | $690,256 | 12/31/2018 | $2,094,518 | $1,385,527 | $708,991 | 3/31/2019 TTM | 61.8% | |||||||||
Property | 5.09 | Candlewood Suites Watertown | $1,995,727 | $1,186,461 | $809,266 | 12/31/2017 | $2,251,932 | $1,280,974 | $970,958 | 12/31/2018 | $2,216,056 | $1,267,597 | $948,459 | 3/31/2019 TTM | 68.9% | |||||||||
Property | 5.10 | Candlewood Suites Sayre | $1,236,324 | $962,194 | $274,130 | 12/31/2017 | $1,563,748 | $1,044,280 | $519,468 | 12/31/2018 | $1,559,850 | $1,078,711 | $481,139 | 3/31/2019 TTM | 69.5% | |||||||||
Loan | 17 | 6 | 617-625 West 46th Street | 0 | Sixth | LO(24);DEF(92);O(4) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 93.0% | ||
Loan | 5, 13 | 7 | Tower 28 | 5 | First | LO(27);YM1(86);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 | $5,358,451 | $12,125,689 | 12/31/2018 T-3 Ann. | 10.8% | 95.0% | |
Loan | 13 | 8 | North Carolina Technical Park | 0 | Sixth | LO(24);DEF(92);O(4) | $3,967,836 | $1,781,918 | $2,185,918 | 12/31/2017 | 8.6% | $4,630,808 | $2,221,697 | $2,409,111 | 12/31/2018 | 9.4% | $4,756,866 | $2,201,674 | $2,555,192 | 4/30/2019 TTM | 10.0% | 86.0% | ||
Loan | 9 | Brotman Physicians Plaza | 0 | Sixth | LO(24);DEF(91);O(5) | $2,681,978 | $632,817 | $2,049,161 | 12/31/2017 | 8.8% | $2,697,533 | $675,064 | $2,022,469 | 12/31/2018 | 8.7% | $2,686,377 | $664,520 | $2,021,857 | 3/31/2019 TTM | 8.7% | 95.0% | |||
Loan | 10 | Wheatland Towne Crossing | 5 | First | LO(25);DEF(90);O(5) | N/A | N/A | N/A | N/A | N/A | $3,804,858 | $1,439,910 | $2,364,949 | 12/31/2018 | 11.1% | $3,971,076 | $1,493,443 | $2,477,633 | 3/31/2019 TTM | 11.7% | 92.2% | |||
Loan | 6 | 11 | West Palm Beach Industrial | 0 | Sixth | LO(24);DEF(92);O(4) | $2,099,714 | $421,840 | $1,677,875 | 12/31/2017 | 8.4% | $2,499,020 | $510,644 | $1,988,376 | 12/31/2018 | 9.9% | $2,549,298 | $525,677 | $2,023,621 | 3/31/2019 TTM | 10.1% | 90.6% | ||
Property | 11.01 | West Palm Beach | $2,081,167 | $368,635 | $1,712,533 | 12/31/2017 | $2,384,218 | $450,212 | $1,934,006 | 12/31/2018 | $2,433,661 | $465,130 | $1,968,531 | 3/31/2019 TTM | 90.4% | |||||||||
Property | 11.02 | Dania Beach | $18,547 | $53,205 | -$34,658 | 12/31/2017 | $114,803 | $60,433 | $54,370 | 12/31/2018 | $115,637 | $60,547 | $55,090 | 3/31/2019 TTM | 95.0% | |||||||||
Loan | 5, 18 | 12 | FedEx Niles | 5 | First | LO(25);YM1(90);O(5) | C | $5,305,449 | $1,021,279 | $4,284,170 | 12/31/2016 | 9.2% | $6,077,661 | $1,393,112 | $4,684,549 | 12/31/2017 | 10.1% | $6,191,667 | $1,421,898 | $4,769,768 | 12/31/2018 | 10.3% | 95.0% | |
Loan | 19 | 13 | DoubleTree Princeton | 0 | Sixth | LO(24);DEF(92);O(4) | $7,476,619 | $5,899,413 | $1,577,206 | 12/31/2017 | 9.8% | $8,411,754 | $6,284,028 | $2,127,726 | 12/31/2018 | 13.2% | $8,424,549 | $6,266,092 | $2,158,457 | 5/31/2019 TTM | 13.4% | 67.5% | ||
Loan | 20 | 14 | Marriott Metairie at Lakeway | 5 | First | LO(25);DEF(90);O(5) | $11,084,207 | $9,115,965 | $1,968,242 | 12/31/2017 | 12.3% | $11,281,041 | $8,862,690 | $2,418,351 | 12/31/2018 | 15.1% | $11,354,563 | $8,793,974 | $2,560,589 | 3/31/2019 TTM | 16.0% | 78.5% | ||
Loan | 6, 7 | 15 | UES Multi Portfolio | 0 | Sixth | LO(24);DEF(92);O(4) | $1,540,702 | $716,779 | $823,923 | 12/31/2017 | 5.2% | $1,563,999 | $583,933 | $980,066 | 12/31/2018 | 6.2% | $1,633,697 | $528,959 | $1,104,738 | 4/30/2019 TTM | 6.9% | 95.0% | ||
Property | 15.01 | 1494 2nd Avenue | $590,239 | $216,309 | $373,930 | 12/31/2017 | $617,908 | $231,359 | $386,549 | 12/31/2018 | $662,868 | $205,564 | $457,303 | 4/30/2019 TTM | 95.0% | |||||||||
Property | 15.02 | 1496 2nd Avenue | $596,202 | $320,505 | $275,697 | 12/31/2017 | $585,646 | $226,450 | $359,196 | 12/31/2018 | $605,823 | $210,386 | $395,437 | 4/30/2019 TTM | 95.0% | |||||||||
Property | 15.03 | 304 East 78th Street | $354,261 | $179,965 | $174,296 | 12/31/2017 | $360,444 | $126,124 | $234,320 | 12/31/2018 | $365,006 | $113,010 | $251,997 | 4/30/2019 TTM | 95.0% | |||||||||
Loan | 16 | Courtyard Plaza | 0 | Sixth | LO(24);DEF(92);O(4) | $1,758,570 | $446,822 | $1,311,748 | 12/31/2017 | 8.5% | $1,817,922 | $604,701 | $1,213,221 | 12/31/2018 | 7.9% | $1,905,068 | $603,131 | $1,301,937 | 2/28/2019 TTM | 8.5% | 90.0% | |||
Loan | 21 | 17 | 3 Independence Way | 0 | Sixth | LO(26);DEF(90);O(4) | $2,452,606 | $1,090,878 | $1,361,728 | 1/31/2018 TTM | 9.1% | $2,527,273 | $1,049,657 | $1,477,616 | 12/31/2018 | 9.9% | $2,509,437 | $1,075,339 | $1,434,098 | 1/31/2019 TTM | 9.6% | 90.8% | ||
Loan | 5 | 18 | Legacy Tower | 0 | Fifth | LO(24);DEF(89);O(7) | $4,150,424 | $3,988,730 | $161,694 | 12/31/2017 | 0.7% | $4,650,509 | $3,598,472 | $1,052,037 | 12/31/2018 | 4.8% | $4,862,506 | $3,541,799 | $1,320,707 | 3/31/2019 TTM | 6.0% | 90.3% | ||
Loan | 5 | 19 | 3 Columbus Circle | 0 | Eleventh | LO(28);DEF(87);O(5) | $50,161,202 | $14,968,652 | $35,192,550 | 12/31/2016 | 7.2% | $50,952,874 | $16,254,125 | $34,698,749 | 12/31/2017 | 7.1% | $57,324,235 | $17,233,200 | $40,091,035 | 12/31/2018 | 8.2% | 97.9% | ||
Loan | 13 | 20 | The View Apartments | 0 | Sixth | LO(25);DEF(91);O(4) | $1,014,450 | $180,348 | $834,102 | 12/31/2017 | 6.8% | $1,191,130 | $139,319 | $1,051,811 | 12/31/2018 | 8.6% | $1,185,677 | $152,205 | $1,033,472 | 3/31/2019 TTM | 8.5% | 95.0% | ||
Loan | 21 | 1458 Ocean Dr / 1437 Collins Ave | 0 | Sixth | LO(24);DEF(92);O(4) | $1,184,101 | $227,514 | $956,587 | 12/31/2016 | 7.8% | $1,229,494 | $228,391 | $1,001,103 | 12/31/2017 | 8.2% | $1,244,508 | $261,649 | $982,859 | 12/31/2018 | 8.1% | 95.0% | |||
Loan | 5, 8 | 22 | Eleven Seventeen Perimeter | 5 | First | LO(24);DEF(83);O(13) | $7,607,469 | $3,321,982 | $4,285,488 | 12/31/2017 | 9.7% | $7,449,250 | $3,445,156 | $4,004,094 | 12/31/2018 | 9.1% | $7,508,947 | $3,623,969 | $3,884,977 | 3/31/2019 TTM | 8.8% | 85.5% | ||
Loan | 23 | Bradenton Financial Center | 0 | Sixth | LO(24);DEF(33);O(3) | $1,451,017 | $866,379 | $584,638 | 12/31/2017 | 5.2% | $1,698,248 | $871,720 | $826,527 | 12/31/2018 | 7.4% | $1,811,539 | $870,087 | $941,452 | 2/28/2019 TTM | 8.4% | 90.1% | |||
Loan | 24 | Niles Retail Center | 5 | First | LO(25);DEF(91);O(4) | $2,160,833 | $1,318,533 | $842,300 | 12/31/2016 | 7.7% | $1,806,534 | $696,203 | $1,110,331 | 12/31/2017 | 10.1% | $1,923,707 | $884,845 | $1,038,862 | 12/31/2018 | 9.4% | 95.0% | |||
Loan | 25 | Maplewood Apartments | 0 | Sixth | LO(25);DEF(31);O(4) | $2,394,552 | $1,189,404 | $1,205,148 | 12/31/2017 | 11.2% | $2,464,523 | $1,160,373 | $1,304,150 | 12/31/2018 | 12.1% | $2,409,144 | $1,201,759 | $1,207,385 | 3/31/2019 TTM | 11.2% | 94.3% | |||
Loan | 26 | Home2Suites - Menomonee Falls | 0 | Sixth | LO(25);DEF(92);O(3) | $2,659,624 | $1,658,705 | $1,000,919 | 5/31/2018 TTM | 9.4% | $3,094,656 | $1,778,624 | $1,316,032 | 12/31/2018 | 12.4% | $3,228,086 | $1,820,377 | $1,407,709 | 4/30/2019 TTM | 13.2% | 78.4% | |||
Loan | 27 | Cassens Business Center | 0 | Sixth | LO(24);DEF(92);O(4) | $585,859 | $349,852 | $236,007 | 12/31/2017 | 2.2% | $959,377 | $315,303 | $644,074 | 12/31/2018 | 6.1% | $992,372 | $349,647 | $642,725 | 4/30/2019 TTM | 6.1% | 95.0% | |||
Loan | 13, 22 | 28 | La Privada Apartments | 0 | Sixth | LO(25);DEF(91);O(4) | $1,805,685 | $1,054,492 | $751,193 | 12/31/2017 | 7.5% | $1,844,588 | $1,049,993 | $794,595 | 12/31/2018 | 7.9% | $1,901,047 | $1,045,860 | $855,187 | 3/31/2019 TTM | 8.5% | 82.3% | ||
Loan | 5 | 29 | AC by Marriott San Jose | 0 | First | LO(27);DEF(89);O(4) | N/A | N/A | N/A | N/A | N/A | $16,895,186 | $9,719,014 | $7,176,172 | 12/31/2018 | 12.0% | $17,370,541 | $9,951,862 | $7,418,679 | 2/28/2019 TTM | 12.4% | 80.7% | ||
Loan | 7, 11 | 30 | Brookwood Square | 0 | Sixth | LO(26);DEF(91);O(3) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 95.0% | ||
Loan | 7, 11 | 31 | 3901 Bolger Road | 0 | Sixth | LO(26);DEF(91);O(3) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 95.0% | ||
Loan | 7, 11 | 32 | Michigan Road Shoppes | 0 | Sixth | LO(26);DEF(91);O(3) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 95.0% | ||
Loan | 6, 7 | 33 | Brooklyn Multifamily Portfolio I | 0 | Sixth | LO(25);DEF(91);O(4) | $907,974 | $227,329 | $680,645 | 12/31/2017 | 7.4% | $890,003 | $227,081 | $662,922 | 12/31/2018 | 7.2% | $894,976 | $236,822 | $658,154 | 2/28/2019 TTM | 7.2% | 97.0% | ||
Property | 33.01 | 2149 Cortelyou Rd. | $436,162 | $122,455 | $313,706 | 12/31/2017 | $417,726 | $124,940 | $292,786 | 12/31/2018 | $419,012 | $132,957 | $286,055 | 2/28/2019 TTM | 97.0% | |||||||||
Property | 33.02 | 210 Broadway | $199,805 | $31,718 | $168,087 | 12/31/2017 | $196,785 | $35,693 | $161,092 | 12/31/2018 | $204,885 | $36,333 | $168,552 | 2/28/2019 TTM | 97.0% | |||||||||
Property | 33.03 | 1235 Halsey St. | $151,050 | $37,043 | $114,007 | 12/31/2017 | $161,279 | $32,491 | $128,789 | 12/31/2018 | $162,636 | $35,845 | $126,790 | 2/28/2019 TTM | 97.0% | |||||||||
Property | 33.04 | 1324 Hancock St. | $120,957 | $36,112 | $84,845 | 12/31/2017 | $114,213 | $33,958 | $80,255 | 12/31/2018 | $108,443 | $31,686 | $76,757 | 2/28/2019 TTM | 97.0% | |||||||||
Loan | 7, 12 | 34 | Shoppes at Holly Springs | 5 | First | LO(25);DEF(90);O(5) | $745,723 | $180,140 | $565,583 | 12/31/2016 | 10.7% | $876,888 | $161,367 | $715,521 | 12/31/2017 | 12.6% | $847,568 | $171,632 | $675,936 | 12/31/2018 | 12.2% | 85.5% | ||
Loan | 7, 12 | 35 | Jefferson Square | 5 | First | LO(25);DEF(90);O(5) | $537,749 | $115,762 | $421,987 | 12/31/2017 | 10.7% | $564,946 | $123,228 | $441,718 | 12/31/2018 | 12.6% | $607,930 | $160,066 | $447,864 | 3/31/2019 TTM | 12.2% | 88.9% | ||
Loan | 23 | 36 | Best Western Plus South Bay Hotel | 5 | First | LO(25);DEF(91);O(4) | $2,797,749 | $1,873,822 | $923,927 | 12/31/2017 | 10.3% | $2,920,325 | $1,885,896 | $1,034,430 | 12/31/2018 | 11.5% | $3,003,571 | $1,875,336 | $1,128,235 | 4/30/2019 TTM | 12.6% | 84.0% | ||
Loan | 37 | Lakecrest-Southpointe Portfolio | 0 | Sixth | LO(25);DEF(32);O(3) | $1,763,617 | $744,277 | $1,019,340 | 12/31/2017 | 12.2% | $1,889,388 | $811,915 | $1,077,472 | 12/31/2018 | 12.9% | $1,932,422 | $792,196 | $1,140,226 | 4/30/2019 TTM | 13.7% | 71.1% | |||
Loan | 38 | Food Lion Mount Airy | 5 | First | LO(25);DEF(91);O(4) | $1,322,215 | $424,136 | $898,079 | 12/31/2016 | 11.2% | $1,341,200 | $440,714 | $900,485 | 12/31/2017 | 11.3% | $1,333,989 | $296,475 | $1,037,515 | 12/31/2018 | 13.0% | 94.3% | |||
Loan | 39 | Crossing Pointe Shoppes | 5 | First | LO(22);YM1(94);O(4) | D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $799,318 | $114,055 | $685,263 | 12/31/2018 | 8.7% | 95.0% | ||
Loan | 24 | 40 | Best Western Sanford Airport | 0 | First | LO(24);DEF(90);O(6) | $1,806,241 | $716,058 | $1,090,183 | 12/31/2017 | 15.8% | $1,887,744 | $746,804 | $1,140,940 | 12/31/2018 | 16.5% | $1,845,055 | $761,908 | $1,083,147 | 2/28/2019 TTM | 15.7% | 83.6% | ||
Loan | 41 | Sunnyside Retail Center | 0 | Sixth | LO(25);DEF(89);O(6) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 95.0% | |||
Loan | 42 | Greenwood Heights | 0 | Sixth | 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 | $246,250 | $7,600 | $238,650 | 12/31/2018 | 3.7% | 95.0% | |||
Loan | 9 | 43 | Tatum Plaza | 0 | Sixth | LO(24);YM1(91);O(5) | E | N/A | N/A | N/A | N/A | N/A | $885,378 | $255,697 | $629,681 | 12/31/2018 | 10.1% | $811,604 | $233,148 | $578,456 | 3/31/2019 TTM | 9.3% | 90.9% | |
Loan | 9 | 44 | Tatum Ranch Crossing | 0 | Sixth | LO(24);YM1(91);O(5) | F | N/A | N/A | N/A | N/A | N/A | $723,706 | $246,516 | $477,190 | 12/31/2018 | 7.6% | $683,002 | $209,961 | $473,040 | 3/31/2019 TTM | 7.6% | 90.6% | |
Loan | 9 | 45 | Shadow Creek Marketplace | 0 | Sixth | LO(24);YM1(91);O(5) | G | $823,739 | $223,075 | $600,664 | 12/31/2017 | 10.2% | $793,441 | $213,447 | $579,994 | 12/31/2018 | 9.8% | $735,618 | $193,206 | $542,412 | 3/31/2019 TTM | 9.2% | 91.7% | |
Loan | 46 | The Nash Building | 0 | Sixth | LO(25);DEF(91);O(4) | N/A | N/A | N/A | N/A | N/A | $651,142 | $124,980 | $526,162 | 12/31/2018 | 9.7% | $645,976 | $120,007 | $525,969 | 2/28/2019 TTM | 9.7% | 95.0% | |||
Loan | 47 | 3115 Fry Road | 5 | First | LO(26);DEF(89);O(5) | $610,606 | $228,806 | $381,800 | 12/31/2017 | 7.3% | $488,132 | $220,153 | $267,979 | 12/31/2018 | 5.1% | $695,527 | $168,612 | $526,915 | 3/31/2019 T-6 Ann. | 10.0% | 95.0% | |||
Loan | 25, 26 | 48 | Quality Inn Oneonta Cooperstown Area | 0 | Sixth | LO(29);DEF(87);O(4) | N/A | N/A | N/A | N/A | N/A | $3,529,909 | $2,572,385 | $957,524 | 12/31/2017 | 21.4% | $3,358,762 | $2,589,080 | $769,682 | 11/30/2018 TTM | 17.2% | 55.0% | ||
Loan | 49 | 102 Washington Place | 0 | First | LO(25);DEF(91);O(4) | $456,799 | $137,681 | $319,118 | 12/31/2016 | 7.8% | $460,092 | $137,684 | $322,408 | 12/31/2017 | 7.9% | $460,736 | $146,616 | $314,120 | 12/31/2018 | 7.7% | 97.0% | |||
Loan | 7 | 50 | Woodland Square Apartments | 0 | Sixth | LO(25);DEF(92);O(3) | $587,285 | $214,551 | $372,733 | 12/31/2017 | 9.2% | $612,271 | $233,556 | $378,715 | 12/31/2018 | 9.4% | $616,394 | $232,724 | $383,670 | 1/31/2019 TTM | 9.5% | 95.0% | ||
Loan | 51 | Union Avenue | 5 | 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 | N/A | N/A | N/A | N/A | 94.0% | |||
Loan | 52 | Briarwood Apartments | 5 | First | LO(25);DEF(91);O(4) | $561,391 | $185,567 | $375,824 | 12/31/2017 | 10.6% | $571,986 | $185,992 | $385,994 | 12/31/2018 | 10.9% | $582,948 | $185,433 | $397,515 | 4/30/2019 TTM | 11.2% | 95.0% | |||
Loan | 53 | Greensburg Park Self Storage | 5 | First | LO(25);DEF(91);O(4) | $457,582 | $162,465 | $295,117 | 12/31/2017 | 10.2% | $486,867 | $171,225 | $315,642 | 12/312018 | 10.9% | $495,178 | $170,537 | $324,641 | 2/28/2019 TTM | 11.2% | 91.6% |
A-1-5
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Property Flag | Footnotes | Loan ID | Property Name | 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 | Largest Tenant | Largest Tenant Lease Expiration(4) | Largest Tenant NSF | Largest Tenant % of NSF | 2nd Largest Tenant | 2nd Largest Tenant Lease Expiration(4) | ||
Loan | 5, 8 | 1 | Grand Canal Shoppes | $104,029,334 | $31,007,624 | $73,021,709 | 9.6% | $0 | $2,023,806 | $70,997,903 | 9.3% | Venetian Casino Resort | 34,088 SF (7/31/2025); 8,096 SF (9/30/2033); 1 SF (12/31/2019) | 42,185 | 5.6% | The Venetian Resort (Showroom / Theater) | 5/31/2029 | ||
Loan | 5, 6, 7, 10, 14 | 2 | SoCal Retail Portfolio | $27,692,309 | $6,462,745 | $21,229,564 | 9.9% | $296,246 | $740,616 | $20,192,702 | 9.4% | ||||||||
Property | 2.01 | The Springs | $5,281,583 | $1,172,394 | $4,109,189 | $79,544 | $198,859 | $3,830,786 | The Home Depot | 1/31/2034 | 149,591 | 37.6% | Burlington Coat Factory | 9/30/2021 | |||||
Property | 2.02 | Summerwood | $3,868,877 | $812,404 | $3,056,473 | $35,754 | $89,385 | $2,931,334 | Smart & Final | 6/30/2021 | 31,500 | 17.6% | Marshalls | 9/30/2022 | |||||
Property | 2.03 | Food 4 Less – Target Center | $2,912,157 | $788,924 | $2,123,232 | $39,287 | $98,218 | $1,985,727 | Target | 1/31/2028 | 133,987 | 68.2% | Food 4 Less | 6/30/2033 | |||||
Property | 2.04 | El Super Center | $2,727,097 | $586,230 | $2,140,868 | $23,446 | $58,615 | $2,058,807 | El Super | 3/31/2027 | 45,000 | 38.4% | Warehouse Shoes | 12/31/2022 | |||||
Property | 2.05 | Island Plaza | $2,086,765 | $460,260 | $1,626,505 | $15,554 | $38,886 | $1,572,064 | Island Pacific Market | 12/31/2023 | 31,000 | 39.9% | 99 Cents Only Stores LLC | 1/31/2027 | |||||
Property | 2.06 | Baldwin Park Promenade | $1,570,073 | $331,448 | $1,238,625 | $9,981 | $24,953 | $1,203,691 | Smart & Final | 12/31/2022 | 20,725 | 41.5% | CVS | 3/31/2032 | |||||
Property | 2.07 | Lynwood Plaza | $1,628,148 | $425,428 | $1,202,720 | $15,049 | $37,623 | $1,150,049 | Smart & Final | 9/30/2023 | 20,925 | 27.8% | 99cents Only Store | 1/30/2022 | |||||
Property | 2.08 | El Cajon (CVS) | $1,252,537 | $257,257 | $995,280 | $5,997 | $14,993 | $974,290 | CVS | 10/6/2025 | 16,784 | 56.0% | Northpark Produce | 8/31/2022 | |||||
Property | 2.09 | Loma Vista | $1,222,600 | $233,257 | $989,343 | $19,509 | $48,774 | $921,060 | Superior Super Warehouse | 4/30/2021 | 81,071 | 83.1% | China Cook | 9/30/2019 | |||||
Property | 2.10 | MLK Medical | $1,065,556 | $218,892 | $846,663 | $6,500 | $16,250 | $823,913 | ALTAMED Health Services | 1/31/2024 | 15,000 | 46.2% | Kaiser Foundation Health Plan | 9/30/2021 | |||||
Property | 2.11 | Hawthorne Plaza | $1,038,621 | $260,529 | $778,092 | $14,150 | $35,375 | $728,567 | WalMart | 7/9/2023 | 35,500 | 50.2% | Marshalls | 10/31/2020 | |||||
Property | 2.12 | Five Points Plaza | $1,350,626 | $422,108 | $928,518 | $17,907 | $44,769 | $865,842 | El Super | 3/31/2025 | 46,967 | 52.5% | Planet Fitness | 5/31/2029 | |||||
Property | 2.13 | Towne Center Square | $1,040,173 | $317,001 | $723,172 | $11,502 | $28,755 | $682,915 | Seafood City Supermarket | 10/31/2023 | 28,583 | 49.7% | Tuesday Morning, Inc | 7/31/2026 | |||||
Property | 2.14 | Camarillo | $647,497 | $176,613 | $470,884 | $2,065 | $5,162 | $463,657 | Smash Burger | 11/25/2024 | 2,600 | 25.2% | Chipotle | 12/31/2024 | |||||
Loan | 5, 15 | 3 | Embassy Suites at Centennial Olympic Park | $23,146,771 | $13,382,534 | $9,764,237 | 11.7% | $925,871 | $0 | $8,838,366 | 10.6% | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 5, 13 | 4 | 125 Borinquen Place | $4,955,100 | $810,555 | $4,144,545 | 8.0% | $26,488 | $0 | $4,118,057 | 7.9% | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 5, 6, 7, 8, 13, 16 | 5 | Visions Hotel Portfolio II | $24,478,404 | $15,598,613 | $8,879,791 | 14.3% | $979,136 | $0 | $7,900,655 | 12.7% | ||||||||
Property | 5.01 | Courtyard Horseheads | $2,689,847 | $1,650,391 | $1,039,456 | $107,594 | $0 | $931,862 | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Property | 5.02 | Home2 Suites Oswego | $2,549,099 | $1,297,825 | $1,251,274 | $101,964 | $0 | $1,149,310 | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Property | 5.03 | Holiday Inn & Suites Rochester Marketplace | $3,292,028 | $2,412,968 | $879,060 | $131,681 | $0 | $747,379 | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Property | 5.04 | Hampton Inn Corning Painted Post | $2,335,704 | $1,481,764 | $853,939 | $93,428 | $0 | $760,511 | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Property | 5.05 | Home2 Suites Rochester Henrietta | $2,988,510 | $1,943,923 | $1,044,587 | $119,540 | $0 | $925,047 | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Property | 5.06 | Holiday Inn Express Olean | $2,292,219 | $1,398,357 | $893,862 | $91,689 | $0 | $802,173 | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Property | 5.07 | Fairfield Inn Watertown | $2,460,572 | $1,599,236 | $861,336 | $98,423 | $0 | $762,913 | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Property | 5.08 | Holiday Inn Express Canandaigua | $2,094,518 | $1,407,496 | $687,023 | $83,781 | $0 | $603,242 | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Property | 5.09 | Candlewood Suites Watertown | $2,216,056 | $1,295,547 | $920,508 | $88,642 | $0 | $831,866 | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Property | 5.10 | Candlewood Suites Sayre | $1,559,850 | $1,111,103 | $448,747 | $62,394 | $0 | $386,353 | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Loan | 17 | 6 | 617-625 West 46th Street | $3,129,310 | $845,261 | $2,284,050 | 8.2% | $8,415 | $49,500 | $2,226,135 | 8.0% | Hudson Terrace | 7/31/2033 | 18,700 | 37.8% | Nestle | 7/31/2022 | ||
Loan | 5, 13 | 7 | Tower 28 | $19,539,680 | $4,973,673 | $14,566,007 | 13.0% | $113,255 | $14,529 | $14,438,224 | 12.9% | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 13 | 8 | North Carolina Technical Park | $4,446,059 | $2,137,793 | $2,308,266 | 9.1% | $60,930 | $196,263 | $2,051,073 | 8.0% | KBI BioPharma | 3/31/2027 | 145,000 | 53.3% | bioMérieux | 12/31/2021 | ||
Loan | 9 | Brotman Physicians Plaza | $2,935,967 | $806,554 | $2,129,413 | 9.2% | $12,126 | $60,631 | $2,056,656 | 8.8% | Exodus Recovery, Inc. | 2/28/2029 | 19,087 | 39.4% | Intensive Renal Care, Inc. | 10/31/2029 | |||
Loan | 10 | Wheatland Towne Crossing | $4,149,248 | $1,435,410 | $2,713,839 | 12.8% | $31,031 | $105,156 | $2,577,652 | 12.1% | Conn’s Home Plus | 12/31/2023 | 40,120 | 19.4% | Ross Dress for Less | 1/31/2023 | |||
Loan | 6 | 11 | West Palm Beach Industrial | $3,067,847 | $735,589 | $2,332,257 | 11.7% | $41,662 | $0 | $2,290,596 | 11.5% | ||||||||
Property | 11.01 | West Palm Beach | $2,893,821 | $671,822 | $2,222,000 | $41,662 | $0 | $2,180,338 | PB Auto Services / Palm Beach Garage | 11/15/2019 | 6,350 | 3.2% | Central Auto Trim / Richard Schneider | 12/31/2019 | |||||
Property | 11.02 | Dania Beach | $174,025 | $63,768 | $110,258 | $0 | $0 | $110,258 | Icee Company | 11/30/2027 | 8,560 | 67.6% | Taillard Capital | 4/30/2020 | |||||
Loan | 5, 18 | 12 | FedEx Niles | $6,011,195 | $1,640,655 | $4,370,540 | 9.4% | $31,420 | $78,551 | $4,260,570 | 9.2% | FedEx Ground Package System, Inc. | 5/31/2030 | 314,202 | 100.0% | N/A | N/A | ||
Loan | 19 | 13 | DoubleTree Princeton | $8,424,259 | $6,292,721 | $2,131,539 | 13.2% | $336,970 | $0 | $1,794,568 | 11.1% | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 20 | 14 | Marriott Metairie at Lakeway | $11,354,563 | $8,854,569 | $2,499,994 | 15.6% | $454,183 | $0 | $2,045,812 | 12.8% | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 6, 7 | 15 | UES Multi Portfolio | $1,628,711 | $631,013 | $997,698 | 6.3% | $9,020 | $0 | $988,678 | 6.2% | ||||||||
Property | 15.01 | 1494 2nd Avenue | $664,389 | $246,660 | $417,729 | $4,350 | $0 | $413,379 | Lusardi’s Restaurant | 5/31/2025 | 1,750 | 24.5% | N/A | N/A | |||||
Property | 15.02 | 1496 2nd Avenue | $606,338 | $248,119 | $358,219 | $2,370 | $0 | $355,849 | Quality Branded | 3/30/2032 | 1,350 | 17.1% | Tony’s Cleaners | 9/30/2027 | |||||
Property | 15.03 | 304 East 78th Street | $357,984 | $136,234 | $221,750 | $2,300 | $0 | $219,450 | Anand Indian Cuisine | 9/30/2027 | 1,500 | 26.6% | N/A | N/A | |||||
Loan | 16 | Courtyard Plaza | $2,277,050 | $587,032 | $1,690,019 | 11.0% | $50,292 | $105,073 | $1,534,653 | 10.0% | BIG Lots! #01154 | 1/30/2022 | 30,000 | 15.5% | Dirt Cheap | 10/30/2025 | |||
Loan | 21 | 17 | 3 Independence Way | $2,581,533 | $1,095,608 | $1,485,925 | 9.9% | $22,801 | $49,507 | $1,413,618 | 9.4% | Aetna Life Insurance Company | 10/31/2022 | 21,742 | 19.1% | Rutgers University | 12/31/2019 | ||
Loan | 5 | 18 | Legacy Tower | $6,688,592 | $4,004,834 | $2,683,759 | 12.2% | $114,500 | $533,937 | $2,035,322 | 9.3% | Woods Oviatt Gilman | 6/30/2030 | 82,757 | 24.9% | Harter Secrest & Emery LLP | 9/30/2029 | ||
Loan | 5 | 19 | 3 Columbus Circle | $79,416,007 | $18,918,555 | $60,497,452 | 12.3% | $150,743 | $3,752,630 | $56,594,080 | 11.5% | Young & Rubicam, Inc. | 8/31/2033 | 375,236 | 49.8% | Emerge 212 3CC LLC | 11/30/2027 | ||
Loan | 13 | 20 | The View Apartments | $1,450,985 | $482,027 | $968,958 | 7.9% | $11,017 | $0 | $957,941 | 7.9% | Benjamin Construction Corp. | 4/30/2029 | 4,807 | 11.6% | N/A | N/A | ||
Loan | 21 | 1458 Ocean Dr / 1437 Collins Ave | $1,286,334 | $300,346 | $985,988 | 8.1% | $1,878 | $31,295 | $952,816 | 7.8% | Front Porch Café | 11/30/2025 | 9,326 | 74.5% | Sauvage of Miami | 9/30/2024 | |||
Loan | 5, 8 | 22 | Eleven Seventeen Perimeter | $8,711,924 | $3,728,591 | $4,983,333 | 11.3% | $78,503 | $338,774 | $4,566,056 | 10.4% | Sedgwick Claims Management Services, Inc. | 7/31/2022 | 26,226 | 6.7% | Tropical Smoothie Cafe, LLC | 236 SF (MTM); 25,330 SF (7/31/2029) | ||
Loan | 23 | Bradenton Financial Center | $2,062,868 | $916,082 | $1,146,786 | 10.2% | $0 | $0 | $1,146,786 | 10.2% | Workforce Business Service | 5/31/2022 | 21,653 | 18.5% | Fisher-Rosemount Systems, Inc. | 10/31/2023 | |||
Loan | 24 | Niles Retail Center | $2,453,664 | $1,080,904 | $1,372,760 | 12.5% | $20,065 | $102,360 | $1,250,335 | 11.4% | Hobby Lobby | 2/28/2029 | 45,850 | 38.1% | Big Lots | 1/31/2028 | |||
Loan | 25 | Maplewood Apartments | $2,368,303 | $1,215,723 | $1,152,580 | 10.7% | $80,720 | $0 | $1,071,860 | 9.9% | N/A | N/A | N/A | N/A | N/A | N/A | |||
Loan | 26 | Home2Suites - Menomonee Falls | $3,228,086 | $1,893,918 | $1,334,168 | 12.6% | $129,123 | $0 | $1,205,044 | 11.3% | N/A | N/A | N/A | N/A | N/A | N/A | |||
Loan | 27 | Cassens Business Center | $1,384,814 | $398,261 | $986,553 | 9.4% | $13,228 | $33,070 | $940,255 | 8.9% | Freight World | 10/31/2024 | 42,520 | 32.1% | ABC Supply Co., Inc. | 1/31/2027 | |||
Loan | 13, 22 | 28 | La Privada Apartments | $1,961,362 | $1,070,004 | $891,358 | 9.1% | $0 | $0 | $891,358 | 9.1% | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 5 | 29 | AC by Marriott San Jose | $17,370,541 | $10,527,180 | $6,843,361 | 11.4% | $694,822 | $0 | $6,148,539 | 10.2% | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 7, 11 | 30 | Brookwood Square | $472,163 | $108,445 | $363,718 | 9.4% | $2,716 | $10,185 | $350,817 | 9.1% | Mattress Firm | 11/30/2024 | 4,550 | 33.5% | Austell Smiles Dentistry | 2/28/2025 | ||
Loan | 7, 11 | 31 | 3901 Bolger Road | $429,585 | $142,910 | $286,676 | 9.4% | $1,680 | $6,300 | $278,696 | 9.1% | Aspen Dental | 1/31/2029 | 3,500 | 41.7% | Verizon Wireless | 3/31/2029 | ||
Loan | 7, 11 | 32 | Michigan Road Shoppes | $296,968 | $58,642 | $238,326 | 9.4% | $3,421 | $6,236 | $228,669 | 9.1% | Verizon Wireless | 7/31/2027 | 3,118 | 37.5% | Blaze Pizza | 12/31/2025 | ||
Loan | 6, 7 | 33 | Brooklyn Multifamily Portfolio I | $942,724 | $250,972 | $691,752 | 7.5% | $8,323 | $0 | $683,430 | 7.4% | ||||||||
Property | 33.01 | 2149 Cortelyou Rd. | $448,211 | $140,024 | $308,187 | $3,726 | $0 | $304,460 | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Property | 33.02 | 210 Broadway | $206,392 | $42,124 | $164,268 | $1,104 | $0 | $163,165 | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Property | 33.03 | 1235 Halsey St. | $158,880 | $36,635 | $122,245 | $2,009 | $0 | $120,236 | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Property | 33.04 | 1324 Hancock St. | $129,241 | $32,189 | $97,052 | $1,484 | $0 | $95,568 | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Loan | 7, 12 | 34 | Shoppes at Holly Springs | $831,876 | $166,304 | $665,572 | 11.8% | $6,543 | $37,118 | $621,912 | 11.0% | Thrift Place | 5/31/2022 | 6,200 | 14.2% | Los Po’s | 6/30/2021 | ||
Loan | 7, 12 | 35 | Jefferson Square | $562,556 | $143,293 | $419,263 | 11.8% | $10,407 | $20,180 | $388,675 | 11.0% | Dollar Tree | 1/31/2020 | 6,344 | 15.9% | Rent-A-Center | 5/31/2021 | ||
Loan | 23 | 36 | Best Western Plus South Bay Hotel | $3,130,730 | $1,979,140 | $1,151,590 | 12.8% | $125,229 | $0 | $1,026,361 | 11.4% | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 37 | Lakecrest-Southpointe Portfolio | $1,790,104 | $792,464 | $997,639 | 11.9% | $35,522 | $20,784 | $941,333 | 11.3% | Strayer University | 7/31/2020 | 14,930 | 12.4% | Matrix IFS | 9/30/2024 | |||
Loan | 38 | Food Lion Mount Airy | $1,356,022 | $309,901 | $1,046,120 | 13.1% | $14,471 | $81,469 | $950,180 | 11.9% | Food Lion | 6/30/2022 | 37,260 | 37.9% | Ace Hardware | 4/30/2029 | |||
Loan | 39 | Crossing Pointe Shoppes | $972,204 | $218,070 | $754,134 | 9.5% | $3,540 | $35,255 | $715,339 | 9.0% | Ethan Allen, Inc. | 3/31/2027 | 10,050 | 42.8% | Grand Appliance Inc. | 10/31/2027 | |||
Loan | 24 | 40 | Best Western Sanford Airport | $1,845,055 | $884,490 | $960,565 | 13.9% | $97,165 | $0 | $863,400 | 12.5% | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 41 | Sunnyside Retail Center | $819,797 | $189,347 | $630,451 | 9.6% | $14,017 | $46,725 | $569,709 | 8.6% | Tractor Supply | 10/31/2028 | 28,797 | 30.8% | Grocery Outlet | 2/28/2029 | |||
Loan | 42 | Greenwood Heights | $651,625 | $93,983 | $557,642 | 8.6% | $1,650 | $8,250 | $547,742 | 8.4% | Sedona Marble & Granite Inc. | 4/30/2032 | 16,500 | 100.0% | N/A | N/A | |||
Loan | 9 | 43 | Tatum Plaza | $916,801 | $240,177 | $676,625 | 10.8% | $4,714 | $29,460 | $642,451 | 10.3% | Bonnie’s Barkery | 3/31/2027 | 4,420 | 15.0% | The Little Gym | 10/31/2029 | ||
Loan | 9 | 44 | Tatum Ranch Crossing | $897,616 | $221,150 | $676,466 | 10.8% | $7,130 | $31,001 | $638,334 | 10.2% | Anytime Fitness | 3/31/2029 | 5,537 | 17.9% | Bank of America | 7/31/2030 | ||
Loan | 9 | 45 | Shadow Creek Marketplace | $827,721 | $196,405 | $631,316 | 10.7% | $3,399 | $28,329 | $599,588 | 10.2% | ATI Physical Therapy | 7/31/2028 | 3,200 | 11.3% | Moneytree | 4/30/2021 | ||
Loan | 46 | The Nash Building | $667,255 | $120,646 | $546,609 | 10.1% | $9,510 | $40,000 | $497,099 | 9.2% | T.W. Garner Food Company | 3/31/2029 | 14,786 | 31.1% | Design Archives | 12/31/2019 | |||
Loan | 47 | 3115 Fry Road | $837,758 | $251,506 | $586,251 | 11.1% | $12,106 | $33,844 | $540,302 | 10.3% | Global Trading Development and Management, LLC | 12/31/2021 | 14,094 | 17.5% | Bioincell, LLC and Gendepot, LLC | 4/30/2021 | |||
Loan | 25, 26 | 48 | Quality Inn Oneonta Cooperstown Area | $2,930,016 | $2,173,929 | $756,087 | 19.1% | $146,501 | $0 | $609,586 | 15.4% | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 49 | 102 Washington Place | $479,336 | $150,032 | $329,304 | 8.0% | $2,380 | $0 | $326,924 | 8.0% | Seabird | 4/30/2024 | 1,200 | 28.0% | N/A | N/A | |||
Loan | 7 | 50 | Woodland Square Apartments | $624,977 | $252,398 | $372,579 | 9.2% | $21,814 | $0 | $350,765 | 8.7% | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 51 | Union Avenue | $606,295 | $167,392 | $438,903 | 11.7% | $11,106 | $35,539 | $392,258 | 10.5% | Opal Matrix - Creative Labs | 3/31/2024 | 27,434 | 26.0% | Three Hens (10th Harvest) | 3/31/2020 | |||
Loan | 52 | Briarwood Apartments | $568,966 | $205,333 | $363,633 | 10.2% | $14,000 | $0 | $349,633 | 9.8% | N/A | N/A | N/A | N/A | N/A | N/A | |||
Loan | 53 | Greensburg Park Self Storage | $505,400 | $177,509 | $327,891 | 11.3% | $8,777 | $0 | $319,114 | 11.0% | N/A | N/A | N/A | N/A | N/A | N/A |
A-1-6
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Property Flag | Footnotes | Loan ID | Property Name | 2nd Largest Tenant NSF | 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 | 5, 8 | 1 | Grand Canal Shoppes | 38,920 | 5.1% | Madame Tussaud Las Vegas | 28,000 SF (7/31/2024); 235 SF (12/31/2019) | 28,235 | 3.7% | Regis Galerie | 15,039 SF (5/31/2025); 8,406 SF (12/31/2020); 4,654 SF (2/29/2020) | 28,099 | 3.7% | TAO Nightclub | 1/31/2025 | |||
Loan | 5, 6, 7, 10, 14 | 2 | SoCal Retail Portfolio | |||||||||||||||
Property | 2.01 | The Springs | 43,712 | 11.0% | Ross Dress For Less | 2/1/2029 | 30,000 | 7.5% | Marshalls | 4/30/2024 | 28,652 | 7.2% | Bed Bath & Beyond | 1/31/2025 | ||||
Property | 2.02 | Summerwood | 28,230 | 15.8% | Henry’s Market/Sprouts | 6/30/2021 | 27,072 | 15.1% | Alin Party Supply | 5/31/2024 | 27,004 | 15.1% | Home Goods | 2/28/2023 | ||||
Property | 2.03 | Food 4 Less – Target Center | 52,924 | 26.9% | Taco Bell | MTM | 3,500 | 1.8% | Fat Burger | 7/30/2025 | 2,000 | 1.0% | T-Mobile | 12/31/2019 | ||||
Property | 2.04 | El Super Center | 16,722 | 14.3% | Fresenius Kidney Care San Jose Hills | 12/31/2029 | 14,264 | 12.2% | Harbor Freight | 12/31/2024 | 14,000 | 11.9% | Goodwill Southern California | 12/31/2028 | ||||
Property | 2.05 | Island Plaza | 15,000 | 19.3% | Bank of America | 3/31/2020 | 8,800 | 11.3% | Shakeys | MTM | 6,000 | 7.7% | Sprint | 11/30/2021 | ||||
Property | 2.06 | Baldwin Park Promenade | 13,013 | 26.1% | IHOP | 11/30/2031 | 4,240 | 8.5% | Home Street Bank | 4/30/2027 | 2,016 | 4.0% | FedEx Kinko’s | 12/31/2026 | ||||
Property | 2.07 | Lynwood Plaza | 18,000 | 23.9% | Goodwill | 5/31/2029 | 15,000 | 19.9% | CSK Auto, Inc. (O’Reilly) | 8/31/2020 | 6,003 | 8.0% | Rent-A-Center | 11/30/2023 | ||||
Property | 2.08 | El Cajon (CVS) | 9,482 | 31.6% | Starbucks Coffee | 2/28/2021 | 1,500 | 5.0% | Tony’s Barber & Beauty Salon | 8/31/2024 | 1,020 | 3.4% | Loving Care Nails & Spa | 1/30/2022 | ||||
Property | 2.09 | Loma Vista | 2,145 | 2.2% | La Michoacana Premium | 4/30/2028 | 1,651 | 1.7% | Tortilleria Flor de Mayo | MTM | 1,520 | 1.6% | McKenzie Check Advance | 1/31/2020 | ||||
Property | 2.10 | MLK Medical | 12,500 | 38.5% | Chase | 8/31/2020 | 5,000 | 15.4% | N/A | N/A | N/A | N/A | N/A | N/A | ||||
Property | 2.11 | Hawthorne Plaza | 35,250 | 49.8% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||
Property | 2.12 | Five Points Plaza | 19,700 | 22.0% | Wash & Clean | MTM | 3,000 | 3.4% | Econo Lube & Tune/ John Huckabaa | 2/28/2020 | 2,475 | 2.8% | Dollar Store | MTM | ||||
Property | 2.13 | Towne Center Square | 15,343 | 26.7% | Party City | 1/1/2024 | 13,584 | 23.6% | N/A | N/A | N/A | N/A | N/A | N/A | ||||
Property | 2.14 | Camarillo | 2,400 | 23.2% | PizzaRev | 11/3/2019 | 2,300 | 22.3% | Pick Up Stix | 11/19/2024 | 1,864 | 18.1% | Yogurtland | 12/7/2019 | ||||
Loan | 5, 15 | 3 | Embassy Suites at Centennial Olympic Park | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Loan | 5, 13 | 4 | 125 Borinquen Place | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Loan | 5, 6, 7, 8, 13, 16 | 5 | Visions Hotel Portfolio II | |||||||||||||||
Property | 5.01 | Courtyard Horseheads | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||
Property | 5.02 | Home2 Suites Oswego | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||
Property | 5.03 | Holiday Inn & Suites Rochester Marketplace | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||
Property | 5.04 | Hampton Inn Corning Painted Post | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||
Property | 5.05 | Home2 Suites Rochester Henrietta | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||
Property | 5.06 | Holiday Inn Express Olean | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||
Property | 5.07 | Fairfield Inn Watertown | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||
Property | 5.08 | Holiday Inn Express Canandaigua | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||
Property | 5.09 | Candlewood Suites Watertown | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||
Property | 5.10 | Candlewood Suites Sayre | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||
Loan | 17 | 6 | 617-625 West 46th Street | 6,300 | 12.7% | Sherwin Williams | 6/30/2029 | 5,000 | 10.1% | Macaron | 10/31/2024 | 5,000 | 10.1% | Chandeliers | 8/31/2029 | |||
Loan | 5, 13 | 7 | Tower 28 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Loan | 13 | 8 | North Carolina Technical Park | 92,529 | 34.0% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Loan | 9 | Brotman Physicians Plaza | 6,231 | 12.8% | Los Angeles Vision Center | 12/31/2024 | 3,500 | 7.2% | Southern California Hospital | 1/31/2020 | 2,582 | 5.3% | Kirsch, MD / Kamiel, MD | 3/31/2021 | ||||
Loan | 10 | Wheatland Towne Crossing | 22,000 | 10.6% | PetSmart | 4/30/2022 | 19,882 | 9.6% | Office Depot | 5/31/2022 | 16,800 | 8.1% | Party City | 1/31/2023 | ||||
Loan | 6 | 11 | West Palm Beach Industrial | |||||||||||||||
Property | 11.01 | West Palm Beach | 5,952 | 3.0% | Motor Haus, Inc. / Martin Lopez | 6/30/2022 | 4,810 | 2.4% | West Palm Beach Plastics / Fabrice Raymond Sureau | 12/31/2019 | 3,968 | 2.0% | Shamrock Flooring Contractors LLC / Patrick Murphy | 3/31/2022 | ||||
Property | 11.02 | Dania Beach | 4,100 | 32.4% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||
Loan | 5, 18 | 12 | FedEx Niles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Loan | 19 | 13 | DoubleTree Princeton | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Loan | 20 | 14 | Marriott Metairie at Lakeway | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Loan | 6, 7 | 15 | UES Multi Portfolio | |||||||||||||||
Property | 15.01 | 1494 2nd Avenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||
Property | 15.02 | 1496 2nd Avenue | 500 | 6.3% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||
Property | 15.03 | 304 East 78th Street | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||
Loan | 16 | Courtyard Plaza | 23,280 | 12.0% | Burke’s OUTLET #5 | 1/30/2024 | 20,000 | 10.3% | dd’s DISCOUNTS #5 | 1/30/2030 | 20,000 | 10.3% | Harbor Freight To | 9/30/2029 | ||||
Loan | 21 | 17 | 3 Independence Way | 9,448 | 8.3% | Amtrust North America Inc. | 10/31/2021 | 9,318 | 8.2% | ABB Inc. | 12/31/2021 | 8,863 | 7.8% | NetElixir | 1/1/2025 | |||
Loan | 5 | 18 | Legacy Tower | 81,704 | 24.6% | KeyBank | 3,279 SF (7/31/2023); 19,784 SF (1/31/2029) | 23,063 | 6.9% | Underberg & Kessler, LLP | 12/31/2028 | 20,440 | 6.1% | Lacy Katzen LLP | 12/31/2029 | |||
Loan | 5 | 19 | 3 Columbus Circle | 57,359 | 7.6% | Nordstrom | 10/31/2039 | 46,991 | 6.2% | Jazz at Lincoln Center, Inc. | 4/30/2028 | 30,653 | 4.1% | Josephson | 12/31/2032 | |||
Loan | 13 | 20 | The View Apartments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Loan | 21 | 1458 Ocean Dr / 1437 Collins Ave | 1,915 | 15.3% | Vibe of Miami | 9/30/2024 | 1,277 | 10.2% | ASTA Parking | 7/31/2021 | 1 | N/A | N/A | |||||
Loan | 5, 8 | 22 | Eleven Seventeen Perimeter | 25,566 | 6.5% | John Snellings Insurance Agency, Inc. | 2/28/2025 | 15,314 | 3.9% | EMC Corporation | 6/30/2020 | 15,107 | 3.8% | The Stonehill Group, Inc. | 11/30/2027 | |||
Loan | 23 | Bradenton Financial Center | 20,886 | 17.9% | Merrill Lynch | 9/30/2023 | 16,760 | 14.3% | Mauldin & Jenkins | 1/31/2026 | 11,502 | 9.8% | Morgan Stanley | 12/31/2022 | ||||
Loan | 24 | Niles Retail Center | 32,058 | 26.6% | Harbor Freight | 1/31/2028 | 14,582 | 12.1% | Lands’ End, Inc. | 1/31/2023 | 9,000 | 7.5% | Firestone Auto Care | 6/30/2032 | ||||
Loan | 25 | Maplewood Apartments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||
Loan | 26 | Home2Suites - Menomonee Falls | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||
Loan | 27 | Cassens Business Center | 42,449 | 32.1% | Hiab USA, Inc. (Refurbishment Division) | 7/16/2027 | 25,440 | 19.2% | Hiab USA, Inc. (Services Division) | 7/16/2027 | 21,870 | 16.5% | N/A | N/A | ||||
Loan | 13, 22 | 28 | La Privada Apartments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Loan | 5 | 29 | AC by Marriott San Jose | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Loan | 7, 11 | 30 | Brookwood Square | 4,200 | 30.9% | Jimmy Johns | 3/31/2020 | 1,750 | 12.9% | Cricket Wireless | 8/31/2021 | 1,680 | 12.4% | Rio Brazilian Wax | 6/30/2020 | |||
Loan | 7, 11 | 31 | 3901 Bolger Road | 2,100 | 25.0% | Smoothie King | 1/20/2029 | 1,400 | 16.7% | Lady Janes | 7/30/2029 | 1,400 | 16.7% | N/A | N/A | |||
Loan | 7, 11 | 32 | Michigan Road Shoppes | 2,798 | 33.7% | Panda Express | 11/30/2026 | 2,398 | 28.8% | N/A | N/A | N/A | N/A | N/A | N/A | |||
Loan | 6, 7 | 33 | Brooklyn Multifamily Portfolio I | |||||||||||||||
Property | 33.01 | 2149 Cortelyou Rd. | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||
Property | 33.02 | 210 Broadway | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||
Property | 33.03 | 1235 Halsey St. | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||
Property | 33.04 | 1324 Hancock St. | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||
Loan | 7, 12 | 34 | Shoppes at Holly Springs | 5,000 | 11.5% | Sninsky & Schmitt Family Dentistry | 1/31/2021 | 4,000 | 9.2% | The Tumble Gym | 10/31/2020 | 4,000 | 9.2% | Michelangelo’s Pizzeria | 12/31/2023 | |||
Loan | 7, 12 | 35 | Jefferson Square | 4,633 | 11.6% | Cato | 1/31/2021 | 4,480 | 11.2% | Shoe Show | 3/31/2024 | 4,144 | 10.4% | U.S. Cellular | 10/31/2021 | |||
Loan | 23 | 36 | Best Western Plus South Bay Hotel | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Loan | 37 | Lakecrest-Southpointe Portfolio | 8,248 | 6.8% | Impulse Point | 12/31/2019 | 5,476 | 4.5% | Global Safety Management | 10/31/2021 | 5,292 | 4.4% | Green Dot Corporation | 3/31/2020 | ||||
Loan | 38 | Food Lion Mount Airy | 24,705 | 25.1% | Southern States | 3/31/2022 | 12,800 | 13.0% | Advance Auto | 10/31/2021 | 6,968 | 7.1% | Mr. Tire | 12/31/2024 | ||||
Loan | 39 | Crossing Pointe Shoppes | 6,978 | 29.7% | Dental One, Inc. | 7/25/2027 | 3,375 | 14.4% | Taziki’s Mediterranean Café | 9/25/2029 | 3,100 | 13.2% | N/A | N/A | ||||
Loan | 24 | 40 | Best Western Sanford Airport | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Loan | 41 | Sunnyside Retail Center | 25,160 | 26.9% | Planet Fitness | 12/31/2034 | 19,417 | 20.8% | Aaron’s Rent-to-Own | 10/31/2021 | 8,705 | 9.3% | China Buffet | 4/30/2023 | ||||
Loan | 42 | Greenwood Heights | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||
Loan | 9 | 43 | Tatum Plaza | 3,550 | 12.1% | Babbo Italian Eatery | 4/30/2020 | 3,532 | 12.0% | Elements Massage | 1/31/2022 | 2,600 | 8.8% | Flair Gifts & Boutique | 8/31/2020 | |||
Loan | 9 | 44 | Tatum Ranch Crossing | 3,112 | 10.0% | Jack in the Box | 1/31/2020 | 2,860 | 9.2% | Pieh Tool Company | 3/31/2028 | 2,356 | 7.6% | Tatum Ranch Dental | 2/29/2020 | |||
Loan | 9 | 45 | Shadow Creek Marketplace | 2,660 | 9.4% | Golden Phoenix | 12/31/2023 | 2,400 | 8.5% | Staples Dentistry | 5/31/2020 | 2,400 | 8.5% | Organic Dry Cleaners | 1/31/2020 | |||
Loan | 46 | The Nash Building | 5,000 | 10.5% | Footnote Event Space | 6/30/2027 | 4,965 | 10.4% | Bookmarks | 12/26/2026 | 4,600 | 9.7% | Frogman Group, Inc. | 5/1/2024 | ||||
Loan | 47 | 3115 Fry Road | 9,321 | 11.5% | Species Gym, LLC | 12/31/2023 | 7,267 | 9.0% | Life Changer Community Church | 12/31/2021 | 6,000 | 7.4% | Schmidt Electric Company, Inc. | 4/30/2021 | ||||
Loan | 25, 26 | 48 | Quality Inn Oneonta Cooperstown Area | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Loan | 49 | 102 Washington Place | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||
Loan | 7 | 50 | Woodland Square Apartments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Loan | 51 | Union Avenue | 9,518 | 9.0% | Sharebaby Inc | 9/30/2023 | 9,482 | 9.0% | Anything Wood & Metal, LLC | 12/31/2022 | 9,045 | 8.6% | A Workshop of our Own | 8/30/2024 | ||||
Loan | 52 | Briarwood Apartments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||
Loan | 53 | Greensburg Park Self Storage | N/A | 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 | 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 | |
Loan | 5, 8 | 1 | Grand Canal Shoppes | 24,378 | 3.2% | $0 | $0 | $386,928 | $12,309,694 | $0 | $2,321,544 | $0 | $0 | $0 | $0 | $0 | $1,218,246 | |
Loan | 5, 6, 7, 10, 14 | 2 | SoCal Retail Portfolio | $0 | $24,687 | $592,492 | $3,000,000 | $0 | $3,000,000 | $680,770 | $226,923 | $0 | $0 | $0 | $729,724 | |||
Property | 2.01 | The Springs | 28,245 | 7.1% | ||||||||||||||
Property | 2.02 | Summerwood | 24,000 | 13.4% | ||||||||||||||
Property | 2.03 | Food 4 Less – Target Center | 1,500 | 0.8% | ||||||||||||||
Property | 2.04 | El Super Center | 12,294 | 10.5% | ||||||||||||||
Property | 2.05 | Island Plaza | 4,000 | 5.1% | ||||||||||||||
Property | 2.06 | Baldwin Park Promenade | 2,000 | 4.0% | ||||||||||||||
Property | 2.07 | Lynwood Plaza | 3,920 | 5.2% | ||||||||||||||
Property | 2.08 | El Cajon (CVS) | 700 | 2.3% | ||||||||||||||
Property | 2.09 | Loma Vista | 1,520 | 1.6% | ||||||||||||||
Property | 2.10 | MLK Medical | N/A | N/A | ||||||||||||||
Property | 2.11 | Hawthorne Plaza | N/A | N/A | ||||||||||||||
Property | 2.12 | Five Points Plaza | 2,275 | 2.5% | ||||||||||||||
Property | 2.13 | Towne Center Square | N/A | N/A | ||||||||||||||
Property | 2.14 | Camarillo | 1,160 | 11.2% | ||||||||||||||
Loan | 5, 15 | 3 | Embassy Suites at Centennial Olympic Park | N/A | N/A | $0 | $79,022 | $0 | $0 | $0 | $0 | $275,906 | $68,977 | $38,455 | $12,818 | $0 | $50,000 | |
Loan | 5, 13 | 4 | 125 Borinquen Place | N/A | N/A | $0 | $2,083 | $75,000 | $0 | $0 | $0 | $52,429 | $8,738 | $54,594 | $6,066 | $0 | $0 | |
Loan | 5, 6, 7, 8, 13, 16 | 5 | Visions Hotel Portfolio II | $0 | $40,797 | $0 | $0 | $0 | $0 | $950,268 | $112,167 | $83,002 | $27,620 | $0 | $1,939,245 | |||
Property | 5.01 | Courtyard Horseheads | N/A | N/A | ||||||||||||||
Property | 5.02 | Home2 Suites Oswego | N/A | N/A | ||||||||||||||
Property | 5.03 | Holiday Inn & Suites Rochester Marketplace | N/A | N/A | ||||||||||||||
Property | 5.04 | Hampton Inn Corning Painted Post | N/A | N/A | ||||||||||||||
Property | 5.05 | Home2 Suites Rochester Henrietta | N/A | N/A | ||||||||||||||
Property | 5.06 | Holiday Inn Express Olean | N/A | N/A | ||||||||||||||
Property | 5.07 | Fairfield Inn Watertown | N/A | N/A | ||||||||||||||
Property | 5.08 | Holiday Inn Express Canandaigua | N/A | N/A | ||||||||||||||
Property | 5.09 | Candlewood Suites Watertown | N/A | N/A | ||||||||||||||
Property | 5.10 | Candlewood Suites Sayre | N/A | N/A | ||||||||||||||
Loan | 17 | 6 | 617-625 West 46th Street | 4,000 | 8.1% | $0 | $720 | $0 | $0 | $4,125 | $247,500 | $52,500 | $52,500 | $53,250 | $0 | $0 | $5,000,000 | |
Loan | 5, 13 | 7 | Tower 28 | N/A | N/A | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $60,000 | $0 | |
Loan | 13 | 8 | North Carolina Technical Park | N/A | N/A | $0 | $0 | $0 | $2,800,000 | $0 | $2,800,000 | $168,093 | $21,012 | $17,125 | $5,708 | $0 | $0 | |
Loan | 9 | Brotman Physicians Plaza | 2,419 | 5.0% | $0 | $1,011 | $36,379 | $0 | $5,053 | $181,894 | $64,607 | $9,230 | $26,187 | $2,381 | $28,629 | $0 | ||
Loan | 10 | Wheatland Towne Crossing | 12,000 | 5.8% | $0 | $2,586 | $0 | $500,000 | $0 | $500,000 | $308,234 | $61,647 | $0 | $0 | $0 | $221,050 | ||
Loan | 6 | 11 | West Palm Beach Industrial | $0 | $0 | $0 | $0 | $3,472 | $0 | $206,008 | $22,890 | $43,682 | $11,678 | $58,605 | $0 | |||
Property | 11.01 | West Palm Beach | 3,156 | 1.6% | ||||||||||||||
Property | 11.02 | Dania Beach | N/A | N/A | ||||||||||||||
Loan | 5, 18 | 12 | FedEx Niles | N/A | N/A | $0 | $0 | $0 | $0 | $0 | $76,612 | $1,338,626 | $0 | $3,033 | $0 | $0 | $89,085 | |
Loan | 19 | 13 | DoubleTree Princeton | N/A | N/A | $0 | $28,278 | $0 | $0 | $0 | $0 | $45,052 | $15,017 | $23,176 | $7,725 | $2,813 | $1,080,000 | |
Loan | 20 | 14 | Marriott Metairie at Lakeway | N/A | N/A | $0 | Monthly FF&E reserves equal 1/12 of 2.0% of annual gross revenues from 7/1/2019 to 6/1/2020, 3.0% from 7/1/2020 to 6/1/2021, and 4.0% thereafter, currently $18,856 monthly | $0 | $0 | $0 | $0 | $195,706 | $32,618 | $0 | $0 | $5,688 | $1,250,000 | |
Loan | 6, 7 | 15 | UES Multi Portfolio | $0 | $845 | $25,000 | $0 | $0 | $0 | $73,822 | $36,911 | $16,799 | $2,800 | $19,875 | $0 | |||
Property | 15.01 | 1494 2nd Avenue | N/A | N/A | ||||||||||||||
Property | 15.02 | 1496 2nd Avenue | N/A | N/A | ||||||||||||||
Property | 15.03 | 304 East 78th Street | N/A | N/A | ||||||||||||||
Loan | 16 | Courtyard Plaza | 15,260 | 7.9% | $98,117 | $0 | $98,117 | $400,000 | $0 | $400,000 | $161,370 | $23,053 | $116,937 | $10,631 | $0 | $74,433 | ||
Loan | 21 | 17 | 3 Independence Way | 8,640 | 7.6% | $0 | $1,900 | $0 | $2,000,000 | $9,500 | $0 | $49,043 | $24,522 | $6,807 | $1,361 | $434,750 | $514,000 | |
Loan | 5 | 18 | Legacy Tower | 17,225 | 5.2% | $0 | $9,542 | $343,500 | $0 | $25,503 | $918,114 | $153,920 | $76,960 | $0 | $0 | $0 | $2,236,142 | |
Loan | 5 | 19 | 3 Columbus Circle | 22,742 | 3.0% | $0 | $0 | $1,000,000 | $0 | $0 | $5,000,000 | $0 | $0 | $0 | $0 | $0 | $2,668,685 | |
Loan | 13 | 20 | The View Apartments | N/A | N/A | $0 | $917 | $0 | $0 | $0 | $0 | $156 | $156 | $16,710 | $2,785 | $41,250 | $160,000 | |
Loan | 21 | 1458 Ocean Dr / 1437 Collins Ave | N/A | N/A | $0 | $156 | $0 | $0 | $522 | $0 | $0 | $3,570 | $0 | $0 | $9,750 | $77,637 | ||
Loan | 5, 8 | 22 | Eleven Seventeen Perimeter | 14,388 | 3.7% | $0 | $0 | $0 | $2,500,000 | $81,818 | $1,000,000 | $157,358 | $78,679 | $4,961 | $4,961 | $49,375 | $2,210,137 | |
Loan | 23 | Bradenton Financial Center | 8,651 | 7.4% | $421,837 | $1,947 | $0 | $400,000 | $2,434 | $0 | $151,872 | $16,875 | $45,044 | $4,504 | $128,163 | $49,000 | ||
Loan | 24 | Niles Retail Center | 5,817 | 4.8% | $0 | $1,672 | $60,195 | $0 | $5,018 | $120,424 | $180,991 | $30,165 | $0 | $0 | $12,325 | $280,675 | ||
Loan | 25 | Maplewood Apartments | N/A | N/A | $0 | $6,727 | $0 | $0 | $0 | $0 | $72,242 | $9,030 | $5,845 | $5,845 | $10,938 | $818,000 | ||
Loan | 26 | Home2Suites - Menomonee Falls | N/A | N/A | $0 | $5,380 | $0 | $0 | $0 | $0 | $57,198 | $9,533 | $8,848 | $1,770 | $0 | $0 | ||
Loan | 27 | Cassens Business Center | N/A | N/A | $0 | $1,102 | $39,684 | $0 | $2,756 | $0 | $101,264 | $35,442.46 for first four payment dates and thereafter $20,252.83 | $8,130 | $2,710 | $0 | $63,780 | ||
Loan | 13, 22 | 28 | La Privada Apartments | N/A | N/A | $1,866,889 | $5,000 | $0 | $0 | $0 | $0 | $151,290 | $25,215 | $18,271 | $6,090 | $0 | $320,000 | |
Loan | 5 | 29 | AC by Marriott San Jose | N/A | N/A | $0 | 1/12 of 4% of gross income for the prior calendar year | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Loan | 7, 11 | 30 | Brookwood Square | 1,400 | 10.3% | $0 | $226 | $0 | $0 | $849 | $250,000 | $14,234 | $1,582 | $4,513 | $1,128 | $0 | $0 | |
Loan | 7, 11 | 31 | 3901 Bolger Road | N/A | N/A | $0 | $140 | $0 | $0 | $525 | $250,000 | $19,968 | $3,328 | $2,855 | $714 | $0 | $17,000 | |
Loan | 7, 11 | 32 | Michigan Road Shoppes | N/A | N/A | $0 | $284 | $0 | $0 | $520 | $250,000 | $2,567 | $1,283 | $2,803 | $701 | $0 | $0 | |
Loan | 6, 7 | 33 | Brooklyn Multifamily Portfolio I | $31,038 | $1,035 | $62,075 | $2,750 | $92 | $0 | $23,000 | $7,667 | $13,640 | $2,820 | $103,080 | $0 | |||
Property | 33.01 | 2149 Cortelyou Rd. | N/A | N/A | ||||||||||||||
Property | 33.02 | 210 Broadway | N/A | N/A | ||||||||||||||
Property | 33.03 | 1235 Halsey St. | N/A | N/A | ||||||||||||||
Property | 33.04 | 1324 Hancock St. | N/A | N/A | ||||||||||||||
Loan | 7, 12 | 34 | Shoppes at Holly Springs | 2,400 | 5.5% | $0 | $545 | $0 | $65,000 | $2,726 | $65,426 | $42,252 | $7,042 | $0 | $0 | $0 | $36,000 | |
Loan | 7, 12 | 35 | Jefferson Square | 3,500 | 8.8% | $0 | $867 | $0 | $35,000 | $2,494 | $59,859 | $13,885 | $3,471 | $0 | $0 | $0 | $0 | |
Loan | 23 | 36 | Best Western Plus South Bay Hotel | N/A | N/A | $0 | $10,436 | $0 | $0 | $0 | $0 | $26,775 | $8,925 | $9,195 | $3,065 | $17,875 | $1,250,000 | |
Loan | 37 | Lakecrest-Southpointe Portfolio | 5,234 | 4.3% | $42,867 | $2,960 | $0 | $1,279,516 | $12,565 | $500,000 | $51,115 | $12,779 | $28,278 | $5,656 | $257,136 | $0 | ||
Loan | 38 | Food Lion Mount Airy | 6,156 | 6.3% | $0 | $1,229 | $0 | $100,000 | $4,098 | $300,000 | $10,901 | $10,901 | $0 | $0 | $0 | $245,000 | ||
Loan | 39 | Crossing Pointe Shoppes | N/A | N/A | $0 | $294 | $0 | $0 | $1,959 | $70,509 | $14,646 | $4,882 | $2,772 | $924 | $0 | $179,800 | ||
Loan | 24 | 40 | Best Western Sanford Airport | N/A | N/A | $0 | $8,097 | $0 | $0 | $0 | $0 | $15,834 | $7,917 | $26,400 | $2,933 | $4,510 | $48,138 | |
Loan | 41 | Sunnyside Retail Center | 6,370 | 6.8% | $0 | $1,168 | $0 | $0 | $3,894 | $200,000 | $10,500 | $3,500 | $5,737 | $1,912 | $0 | $54,362 | ||
Loan | 42 | Greenwood Heights | N/A | N/A | $0 | $138 | $0 | $0 | $688 | $0 | $15,173 | $5,058 | $2,610 | $870 | $0 | $75,000 | ||
Loan | 9 | 43 | Tatum Plaza | 2,100 | 7.1% | $0 | $393 | $0 | $100,000 | $0 | $100,000 | $24,269 | $6,067 | $0 | $0 | $0 | $80,629 | |
Loan | 9 | 44 | Tatum Ranch Crossing | 1,645 | 5.3% | $0 | $594 | $0 | $100,000 | $0 | $100,000 | $20,877 | $5,219 | $0 | $0 | $0 | $9,460 | |
Loan | 9 | 45 | Shadow Creek Marketplace | 2,100 | 7.4% | $0 | $283 | $0 | $100,000 | $0 | $100,000 | $16,386 | $3,277 | $0 | $0 | $0 | $0 | |
Loan | 46 | The Nash Building | 4,500 | 9.5% | $0 | $793 | $0 | $100,000 | $0 | $100,000 | $24,497 | $3,500 | $2,354 | $1,177 | $0 | $20,000 | ||
Loan | 47 | 3115 Fry Road | 6,000 | 7.4% | $45,000 | $0 | $45,000 | $150,000 | $0 | $150,000 | $46,575 | $9,315 | $19,170 | $2,739 | $0 | $0 | ||
Loan | 25, 26 | 48 | Quality Inn Oneonta Cooperstown Area | N/A | N/A | $13,995 | $13,995 | $0 | $0 | $0 | $0 | $19,968 | $9,984 | $39,421 | $4,380 | $11,438 | $750,000 | |
Loan | 49 | 102 Washington Place | N/A | N/A | $5,000 | $140 | $5,000 | $3,600 | $50 | $3,600 | $58,333 | $8,333 | $5,697 | $438 | $0 | $0 | ||
Loan | 7 | 50 | Woodland Square Apartments | N/A | N/A | $0 | $1,818 | $0 | $0 | $0 | $0 | $23,931 | $3,419 | $16,275 | $2,325 | $34,900 | $0 | |
Loan | 51 | Union Avenue | 6,398 | 6.1% | $250,000 | $1,250 | $0 | $0 | $4,627 | $150,000 | $49,423 | $4,942 | $10,668 | $0 | $4,375 | $0 | ||
Loan | 52 | Briarwood Apartments | N/A | N/A | $0 | $1,167 | $0 | $0 | $0 | $0 | $6,983 | $6,983 | $8,190 | $1,638 | $1,250 | $0 | ||
Loan | 53 | Greensburg Park Self Storage | N/A | N/A | $0 | $731 | $0 | $0 | $0 | $0 | $2,936 | $2,936 | $2,535 | $845 | $2,625 | $500 |
A-1-8
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Property Flag | Footnotes | Loan ID | Property Name | Ongoing Other Reserves | 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 % | Cut-off Date Pari Passu Mortgage Debt Balance | Coop - Committed Secondary Debt | Cut-off Date Subord. Mortgage Debt Balance | ||
Loan | 5, 8 | 1 | Grand Canal Shoppes | $0 | Gap Rent | 5/30/2019 | 5/15/2019 | N/A | 3/18/2019 | N/A | No | N/A | $690,000,000 | $215,000,000 | |||
Loan | 5, 6, 7, 10, 14 | 2 | SoCal Retail Portfolio | $0 | Outstanding Free Rent Reserve | $154,785,000 | |||||||||||
Property | 2.01 | The Springs | 3/26/2019 | 3/27/2019 | N/A | 3/7/2019 | 3/7/2019 | Yes - 4 | 14.0% | ||||||||
Property | 2.02 | Summerwood | 4/8/2019 | 3/8/2019 | N/A | 3/6/2019 | 3/5/2019 | Yes - 4 | 13.0% | ||||||||
Property | 2.03 | Food 4 Less – Target Center | 4/9/2019 | 3/25/2019 | N/A | 3/6/2019 | 3/5/2019 | Yes - 4 | 14.0% | ||||||||
Property | 2.04 | El Super Center | 3/22/2019 | 3/6/2019 | N/A | 3/6/2019 | 3/6/2019 | Yes - 4 | 12.0% | ||||||||
Property | 2.05 | Island Plaza | 3/22/2019 | 3/6/2019 | N/A | 3/6/2019 | 3/6/2019 | Yes - 4 | 14.0% | ||||||||
Property | 2.06 | Baldwin Park Promenade | 3/21/2019 | 3/6/2019 | N/A | 3/6/2019 | 3/6/2019 | Yes - 4 | 11.0% | ||||||||
Property | 2.07 | Lynwood Plaza | 3/22/2019 | 3/7/2019 | N/A | 3/6/2019 | 3/5/2019 | Yes - 4 | 15.0% | ||||||||
Property | 2.08 | El Cajon (CVS) | 4/8/2019 | 3/11/2019 | N/A | 3/8/2019 | 3/8/2019 | Yes - 4 | 13.0% | ||||||||
Property | 2.09 | Loma Vista | 3/23/2019 | 3/12/2019 | N/A | 3/8/2019 | 3/6/2019 | Yes - 4 | 16.0% | ||||||||
Property | 2.10 | MLK Medical | 3/24/2019 | 3/5/2019 | N/A | 3/6/2019 | 3/7/2019 | Yes - 4 | 15.0% | ||||||||
Property | 2.11 | Hawthorne Plaza | 3/22/2019 | 4/3/2019 | N/A | 3/6/2019 | 3/5/2019 | Yes - 4 | 14.0% | ||||||||
Property | 2.12 | Five Points Plaza | 3/21/2019 | 3/8/2019 | N/A | 3/14/2019 | 3/6/2019 | Yes - 4 | 17.0% | ||||||||
Property | 2.13 | Towne Center Square | 3/20/2019 | 3/7/2019 | N/A | 3/6/2019 | 3/6/2019 | Yes - 4 | 14.0% | ||||||||
Property | 2.14 | Camarillo | 3/21/2019 | 3/6/2019 | N/A | 3/8/2019 | 3/6/2019 | Yes - 4 | 11.0% | ||||||||
Loan | 5, 15 | 3 | Embassy Suites at Centennial Olympic Park | $0 | Rent Reserve | 6/5/2019 | 5/17/2019 | N/A | 5/17/2019 | N/A | No | N/A | $38,500,000 | ||||
Loan | 5, 13 | 4 | 125 Borinquen Place | $0 | N/A | 5/13/2019 | 5/6/2019 | N/A | 5/6/2019 | N/A | No | N/A | $17,000,000 | ||||
Loan | 5, 6, 7, 8, 13, 16 | 5 | Visions Hotel Portfolio II | Springing | PIP Reserve; Ground Rent Reserve | $33,700,000 | |||||||||||
Property | 5.01 | Courtyard Horseheads | 5/14/2019 | 5/1/2019 | N/A | 5/1/2019 | N/A | No | N/A | ||||||||
Property | 5.02 | Home2 Suites Oswego | 5/14/2019 | 5/1/2019 | N/A | 5/1/2019 | N/A | No | N/A | ||||||||
Property | 5.03 | Holiday Inn & Suites Rochester Marketplace | 6/7/2019 | 5/1/2019 | N/A | 5/1/2019 | N/A | No | N/A | ||||||||
Property | 5.04 | Hampton Inn Corning Painted Post | 5/14/2019 | 5/1/2019 | N/A | 5/1/2019 | N/A | No | N/A | ||||||||
Property | 5.05 | Home2 Suites Rochester Henrietta | 6/7/2019 | 5/10/2019 | N/A | 5/1/2019 | N/A | No | N/A | ||||||||
Property | 5.06 | Holiday Inn Express Olean | 5/17/2019 | 5/10/2019 | N/A | 5/1/2019 | N/A | No | N/A | ||||||||
Property | 5.07 | Fairfield Inn Watertown | 6/17/2019 | 5/1/2019 | N/A | 5/1/2019 | N/A | No | N/A | ||||||||
Property | 5.08 | Holiday Inn Express Canandaigua | 5/31/2019 | 5/2/2019 | N/A | 5/1/2019 | N/A | No | N/A | ||||||||
Property | 5.09 | Candlewood Suites Watertown | 5/17/2019 | 5/1/2019 | N/A | 5/1/2019 | N/A | No | N/A | ||||||||
Property | 5.10 | Candlewood Suites Sayre | 6/7/2019 | 5/1/2019 | N/A | 5/1/2019 | N/A | No | N/A | ||||||||
Loan | 17 | 6 | 617-625 West 46th Street | $0 | Holdback Reserve | 6/12/2019 | 4/29/2019 | N/A | 6/19/2019 | N/A | No | N/A | |||||
Loan | 5, 13 | 7 | Tower 28 | $0 | N/A | 1/29/2019 | 1/10/2019 | N/A | 1/10/2019 | N/A | No | N/A | $86,000,000 | $53,000,000 | |||
Loan | 13 | 8 | North Carolina Technical Park | $0 | N/A | 6/21/2019 | 6/7/2019 | N/A | 6/7/2019 | N/A | No | N/A | |||||
Loan | 9 | Brotman Physicians Plaza | $0 | N/A | 5/29/2019 | 5/13/2019 | N/A | 5/28/2019 | 5/28/2019 | Yes - 4 | 18.0% | ||||||
Loan | 10 | Wheatland Towne Crossing | $0 | Outstanding Obligations Fund | 5/1/2019 | 4/24/2019 | N/A | 4/23/2019 | N/A | No | N/A | ||||||
Loan | 6 | 11 | West Palm Beach Industrial | $0 | N/A | ||||||||||||
Property | 11.01 | West Palm Beach | 6/4/2019 | 5/22/2019 | N/A | 5/23/2019 | N/A | No | N/A | ||||||||
Property | 11.02 | Dania Beach | 6/4/2019 | 5/15/2019 | N/A | 5/14/2019 | N/A | No | N/A | ||||||||
Loan | 5, 18 | 12 | FedEx Niles | $0 | Environmental Deductible Reserve; Environmental Policy Reserve | 3/26/2019 | 4/30/2019 | N/A | 4/26/2019 | N/A | No | N/A | $30,000,000 | ||||
Loan | 19 | 13 | DoubleTree Princeton | $16,667 | PIP Reserve; Seasonality Reserve | 5/30/2019 | 5/8/2019 | N/A | 5/8/2019 | N/A | No | N/A | |||||
Loan | 20 | 14 | Marriott Metairie at Lakeway | $0 | PIP Reserve | 3/29/2019 | 3/19/2019 | N/A | 3/19/2019 | N/A | No | N/A | |||||
Loan | 6, 7 | 15 | UES Multi Portfolio | $0 | N/A | ||||||||||||
Property | 15.01 | 1494 2nd Avenue | 6/20/2019 | 6/17/2019 | N/A | 6/17/2019 | N/A | No | N/A | ||||||||
Property | 15.02 | 1496 2nd Avenue | 6/20/2019 | 6/13/2019 | N/A | 6/14/2019 | N/A | No | N/A | ||||||||
Property | 15.03 | 304 East 78th Street | 6/20/2019 | 6/13/2019 | N/A | 6/17/2019 | N/A | No | N/A | ||||||||
Loan | 16 | Courtyard Plaza | $0 | Outstanding TI/LC Reserve | 4/16/2019 | 3/21/2019 | N/A | 3/21/2019 | N/A | No | N/A | ||||||
Loan | 21 | 17 | 3 Independence Way | $0 | Leasing Holdback Reserve; NetElixir Holdback Reserve | 3/26/2019 | 3/26/2019 | N/A | 3/25/2019 | N/A | No | N/A | |||||
Loan | 5 | 18 | Legacy Tower | $0 | Woods Free Rent Reserve Funds; Lacey Katzen Outstanding Tenant Improvement Allowance; Lacey Katzen Free Rent Reserve Funds; KeyBank Rent; KeyBank Outstanding; Underberg Outstanding Tenant Improvement Allowance | 4/25/2019 | 3/21/2019 | N/A | 5/17/2019 | N/A | No | N/A | $8,500,000 | ||||
Loan | 5 | 19 | 3 Columbus Circle | $0 | Outstanding TI/LC Reserve; Free Rent Reserve | 2/14/2019 | 1/22/2019 | N/A | 1/22/2019 | N/A | No | N/A | $477,500,000 | $105,000,000 | |||
Loan | 13 | 20 | The View Apartments | $0 | Free Rent Reserve | 4/30/2019 | 5/3/2019 | N/A | 5/3/2019 | N/A | No | N/A | |||||
Loan | 21 | 1458 Ocean Dr / 1437 Collins Ave | $12,500 | Front Porch Rent Reserve; Master Declaration Static Reserve; Liquidity Reserve Monthly | 5/19/2019 | 1/3/2019 | N/A | 1/3/2019 | N/A | No | N/A | ||||||
Loan | 5, 8 | 22 | Eleven Seventeen Perimeter | $0 | Rent Concession Funds; Outstanding TI/LC Allowances; Future Gap Rent | 5/16/2019 | 5/3/2019 | N/A | 5/6/2019 | N/A | No | N/A | $32,000,000 | ||||
Loan | 23 | Bradenton Financial Center | $0 | Mauldin Rent Credit; Environmental Reserve | 5/23/2019 | 5/23/2019 | N/A | 5/24/2019 | N/A | No | N/A | ||||||
Loan | 24 | Niles Retail Center | $0 | Environmental Escrow Reserve; Hobby Lobby Outstanding TI/LC Reserve; Lands End Outstanding TI/LC Reserve | 4/6/2019 | 3/27/2019 | N/A | 3/25/2019 | N/A | No | N/A | ||||||
Loan | 25 | Maplewood Apartments | $0 | Capital Improvement Reserve; Radon Reserve | 5/17/2019 | 5/9/2019 | N/A | 5/8/2019 | N/A | No | N/A | ||||||
Loan | 26 | Home2Suites - Menomonee Falls | $0 | N/A | 5/22/2019 | 4/10/2019 | N/A | 4/10/2019 | N/A | No | N/A | ||||||
Loan | 27 | Cassens Business Center | $0 | Gap Rent Reserve | 5/9/2019 | 5/8/2019 | N/A | 5/8/2019 | N/A | No | N/A | ||||||
Loan | 13, 22 | 28 | La Privada Apartments | $0 | Earnout Funds | 5/29/2019 | 3/25/2019 | N/A | 3/26/2019 | N/A | No | N/A | |||||
Loan | 5 | 29 | AC by Marriott San Jose | $0 | N/A | 3/26/2019 | 4/3/2018 | N/A | 4/23/2018 | 3/14/2019 | Yes - 4 | 9.0% | $50,000,000 | ||||
Loan | 7, 11 | 30 | Brookwood Square | $0 | N/A | 3/27/2019 | 2/22/2019 | N/A | 2/22/2019 | N/A | No | N/A | |||||
Loan | 7, 11 | 31 | 3901 Bolger Road | $0 | Free Rent Reserve | 3/15/2019 | 2/22/2019 | N/A | 2/22/2019 | N/A | No | N/A | |||||
Loan | 7, 11 | 32 | Michigan Road Shoppes | $0 | N/A | 3/14/2019 | 2/22/2019 | N/A | 2/22/2019 | N/A | No | N/A | |||||
Loan | 6, 7 | 33 | Brooklyn Multifamily Portfolio I | $0 | N/A | ||||||||||||
Property | 33.01 | 2149 Cortelyou Rd. | 3/29/2019 | 3/22/2019 | N/A | 3/22/2019 | N/A | No | N/A | ||||||||
Property | 33.02 | 210 Broadway | 4/15/2019 | 3/22/2019 | N/A | 3/22/2019 | N/A | No | N/A | ||||||||
Property | 33.03 | 1235 Halsey St. | 3/29/2019 | 3/22/2019 | N/A | 3/12/2019 | N/A | No | N/A | ||||||||
Property | 33.04 | 1324 Hancock St. | 3/29/2019 | 3/22/2019 | N/A | 3/22/2019 | N/A | No | N/A | ||||||||
Loan | 7, 12 | 34 | Shoppes at Holly Springs | $0 | Outstanding TI Allowances | 4/22/2019 | 4/11/2019 | N/A | 4/10/2019 | N/A | No | N/A | |||||
Loan | 7, 12 | 35 | Jefferson Square | $0 | N/A | 4/25/2019 | 4/11/2019 | N/A | 4/11/2019 | N/A | No | N/A | |||||
Loan | 23 | 36 | Best Western Plus South Bay Hotel | $0 | PIP Funds; Holdback Funds | 4/15/2019 | 4/4/2019 | N/A | 4/4/2019 | 4/4/2019 | Yes - 4 | 13.0% | |||||
Loan | 37 | Lakecrest-Southpointe Portfolio | $0 | N/A | 4/12/2019; 3/14/2019 | 4/10/2019 | N/A | 4/10/2019; 4/11/2019 | N/A | No | N/A | ||||||
Loan | 38 | Food Lion Mount Airy | $0 | Ace Outstanding TI/LC; Southern States Monument Sign | 4/24/2019 | 4/16/2019 | N/A | 4/16/2019 | N/A | No | N/A | ||||||
Loan | 39 | Crossing Pointe Shoppes | $0 | Existing TI/LC Reserve Fund | 5/13/2019 | 4/17/2019 | N/A | 4/16/2019 | N/A | No | N/A | ||||||
Loan | 24 | 40 | Best Western Sanford Airport | $0 | Seasonality Reserve; Franchise Fee Reserve | 6/17/2019 | 3/7/2019 | N/A | 3/7/2019 | N/A | No | N/A | |||||
Loan | 41 | Sunnyside Retail Center | $0 | Planet Fitness Free Rent Reserve | 3/25/2019 | 3/15/2019 | N/A | 3/15/2019 | 3/15/2019 | No | 7.0% | ||||||
Loan | 42 | Greenwood Heights | $0 | Missing C/O Reserve | 4/24/2019 | 4/19/2019 | N/A | 4/19/2019 | N/A | No | N/A | ||||||
Loan | 9 | 43 | Tatum Plaza | $0 | Little Gym Unpaid TI/LC Reserve | 5/30/2019 | 5/22/2019 | N/A | 5/22/2019 | N/A | No | N/A | |||||
Loan | 9 | 44 | Tatum Ranch Crossing | $0 | Anytime Fitness Unpaid LC Reserve | 5/30/2019 | 5/22/2019 | N/A | 5/22/2019 | N/A | No | N/A | |||||
Loan | 9 | 45 | Shadow Creek Marketplace | $0 | N/A | 5/31/2019 | 5/22/2019 | N/A | 5/22/2019 | N/A | No | N/A | |||||
Loan | 46 | The Nash Building | $0 | Fifth Letter, Inc. Reserve | 5/20/2019 | 5/1/2019 | N/A | 5/1/2019 | N/A | No | N/A | ||||||
Loan | 47 | 3115 Fry Road | $0 | N/A | 4/17/2019 | 3/26/2019 | N/A | 3/26/2019 | N/A | No | N/A | ||||||
Loan | 25, 26 | 48 | Quality Inn Oneonta Cooperstown Area | $35,714 | Debt Yield Holdback Reserve; Seasonality Reserve | 2/7/2019 | 12/20/2018 | N/A | 12/21/2018 | N/A | No | N/A | |||||
Loan | 49 | 102 Washington Place | $0 | N/A | 2/20/2019 | 1/28/2019 | N/A | 1/28/2019 | N/A | No | N/A | ||||||
Loan | 7 | 50 | Woodland Square Apartments | $0 | N/A | 5/6/2019 | 3/21/2019 | N/A | 3/21/2019 | N/A | No | N/A | |||||
Loan | 51 | Union Avenue | $0 | N/A | 4/30/2019 | 4/16/2019 | N/A | 4/16/2019 | N/A | No | N/A | ||||||
Loan | 52 | Briarwood Apartments | $0 | N/A | 4/24/2019 | 4/16/2019 | N/A | 4/16/2019 | N/A | No | N/A | ||||||
Loan | 53 | Greensburg Park Self Storage | $0 | Environmental Escrow Reserve | 4/4/2019 | 4/16/2019 | N/A | 4/16/2019 | N/A | No | N/A |
A-1-9
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Property Flag | Footnotes | Loan ID | Property Name | 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 | 5, 8 | 1 | Grand Canal Shoppes | 59.5% | 1.67x | 7.5% | |||||||||||||
Loan | 5, 6, 7, 10, 14 | 2 | SoCal Retail Portfolio | 52.0% | 2.28x | 9.9% | |||||||||||||
Property | 2.01 | The Springs | |||||||||||||||||
Property | 2.02 | Summerwood | |||||||||||||||||
Property | 2.03 | Food 4 Less – Target Center | |||||||||||||||||
Property | 2.04 | El Super Center | |||||||||||||||||
Property | 2.05 | Island Plaza | |||||||||||||||||
Property | 2.06 | Baldwin Park Promenade | |||||||||||||||||
Property | 2.07 | Lynwood Plaza | |||||||||||||||||
Property | 2.08 | El Cajon (CVS) | |||||||||||||||||
Property | 2.09 | Loma Vista | |||||||||||||||||
Property | 2.10 | MLK Medical | |||||||||||||||||
Property | 2.11 | Hawthorne Plaza | |||||||||||||||||
Property | 2.12 | Five Points Plaza | |||||||||||||||||
Property | 2.13 | Towne Center Square | |||||||||||||||||
Property | 2.14 | Camarillo | |||||||||||||||||
Loan | 5, 15 | 3 | Embassy Suites at Centennial Olympic Park | 68.4% | 1.72x | 11.7% | |||||||||||||
Loan | 5, 13 | 4 | 125 Borinquen Place | 54.4% | 2.00x | 8.0% | |||||||||||||
Loan | 5, 6, 7, 8, 13, 16 | 5 | Visions Hotel Portfolio II | 59.2% | 2.08x | 14.3% | |||||||||||||
Property | 5.01 | Courtyard Horseheads | |||||||||||||||||
Property | 5.02 | Home2 Suites Oswego | |||||||||||||||||
Property | 5.03 | Holiday Inn & Suites Rochester Marketplace | |||||||||||||||||
Property | 5.04 | Hampton Inn Corning Painted Post | |||||||||||||||||
Property | 5.05 | Home2 Suites Rochester Henrietta | |||||||||||||||||
Property | 5.06 | Holiday Inn Express Olean | |||||||||||||||||
Property | 5.07 | Fairfield Inn Watertown | |||||||||||||||||
Property | 5.08 | Holiday Inn Express Canandaigua | |||||||||||||||||
Property | 5.09 | Candlewood Suites Watertown | |||||||||||||||||
Property | 5.10 | Candlewood Suites Sayre | |||||||||||||||||
Loan | 17 | 6 | 617-625 West 46th Street | ||||||||||||||||
Loan | 5, 13 | 7 | Tower 28 | 49.3% | 1.49x | 8.8% | $50,000,000 | 64.2% | 1.07x | 6.8% | |||||||||
Loan | 13 | 8 | North Carolina Technical Park | ||||||||||||||||
Loan | 9 | Brotman Physicians Plaza | |||||||||||||||||
Loan | 10 | Wheatland Towne Crossing | |||||||||||||||||
Loan | 6 | 11 | West Palm Beach Industrial | ||||||||||||||||
Property | 11.01 | West Palm Beach | |||||||||||||||||
Property | 11.02 | Dania Beach | |||||||||||||||||
Loan | 5, 18 | 12 | FedEx Niles | 54.7% | 2.14x | 9.4% | |||||||||||||
Loan | 19 | 13 | DoubleTree Princeton | ||||||||||||||||
Loan | 20 | 14 | Marriott Metairie at Lakeway | ||||||||||||||||
Loan | 6, 7 | 15 | UES Multi Portfolio | ||||||||||||||||
Property | 15.01 | 1494 2nd Avenue | |||||||||||||||||
Property | 15.02 | 1496 2nd Avenue | |||||||||||||||||
Property | 15.03 | 304 East 78th Street | |||||||||||||||||
Loan | 16 | Courtyard Plaza | |||||||||||||||||
Loan | 21 | 17 | 3 Independence Way | ||||||||||||||||
Loan | 5 | 18 | Legacy Tower | 63.4% | 1.44x | 12.2% | |||||||||||||
Loan | 5 | 19 | 3 Columbus Circle | 55.1% | 2.40x | 10.2% | |||||||||||||
Loan | 13 | 20 | The View Apartments | ||||||||||||||||
Loan | 21 | 1458 Ocean Dr / 1437 Collins Ave | |||||||||||||||||
Loan | 5, 8 | 22 | Eleven Seventeen Perimeter | 65.8% | 2.45x | 11.3% | |||||||||||||
Loan | 23 | Bradenton Financial Center | |||||||||||||||||
Loan | 24 | Niles Retail Center | |||||||||||||||||
Loan | 25 | Maplewood Apartments | |||||||||||||||||
Loan | 26 | Home2Suites - Menomonee Falls | |||||||||||||||||
Loan | 27 | Cassens Business Center | |||||||||||||||||
Loan | 13, 22 | 28 | La Privada Apartments | ||||||||||||||||
Loan | 5 | 29 | AC by Marriott San Jose | 59.7% | 2.05x | 11.4% | |||||||||||||
Loan | 7, 11 | 30 | Brookwood Square | ||||||||||||||||
Loan | 7, 11 | 31 | 3901 Bolger Road | ||||||||||||||||
Loan | 7, 11 | 32 | Michigan Road Shoppes | ||||||||||||||||
Loan | 6, 7 | 33 | Brooklyn Multifamily Portfolio I | ||||||||||||||||
Property | 33.01 | 2149 Cortelyou Rd. | |||||||||||||||||
Property | 33.02 | 210 Broadway | |||||||||||||||||
Property | 33.03 | 1235 Halsey St. | |||||||||||||||||
Property | 33.04 | 1324 Hancock St. | |||||||||||||||||
Loan | 7, 12 | 34 | Shoppes at Holly Springs | ||||||||||||||||
Loan | 7, 12 | 35 | Jefferson Square | ||||||||||||||||
Loan | 23 | 36 | Best Western Plus South Bay Hotel | ||||||||||||||||
Loan | 37 | Lakecrest-Southpointe Portfolio | |||||||||||||||||
Loan | 38 | Food Lion Mount Airy | |||||||||||||||||
Loan | 39 | Crossing Pointe Shoppes | |||||||||||||||||
Loan | 24 | 40 | Best Western Sanford Airport | ||||||||||||||||
Loan | 41 | Sunnyside Retail Center | |||||||||||||||||
Loan | 42 | Greenwood Heights | |||||||||||||||||
Loan | 9 | 43 | Tatum Plaza | ||||||||||||||||
Loan | 9 | 44 | Tatum Ranch Crossing | ||||||||||||||||
Loan | 9 | 45 | Shadow Creek Marketplace | ||||||||||||||||
Loan | 46 | The Nash Building | |||||||||||||||||
Loan | 47 | 3115 Fry Road | |||||||||||||||||
Loan | 25, 26 | 48 | Quality Inn Oneonta Cooperstown Area | ||||||||||||||||
Loan | 49 | 102 Washington Place | |||||||||||||||||
Loan | 7 | 50 | Woodland Square Apartments | ||||||||||||||||
Loan | 51 | Union Avenue | |||||||||||||||||
Loan | 52 | Briarwood Apartments | |||||||||||||||||
Loan | 53 | Greensburg Park Self Storage |
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MSC 2019-H7 |
Footnotes to Annex A-1 |
(1) | MSBNA—Morgan Stanley Bank, N.A.; MSMCH—Morgan Stanley Mortgage Capital Holdings LLC; AREF—Argentic Real Estate Finance LLC; SMC—Starwood Mortgage Capital LLC; CCRE—Cantor Commercial Real Estate Lending, L.P.; JPMCB—JPMorgan Chase 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 preliminary 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 Grand Canal Shoppes Mortgage Loan (Mortgage Loan No. 1), the SoCal Retail Portfolio Mortgage Loan (Mortgage Loan No. 2), the Embassy Suites at Centennial Olympic Park Mortgage Loan (Mortgage Loan No. 3), the 125 Borinquen Place Mortgage Loan (Mortgage Loan No. 4), the Visions Hotel Portfolio II Mortgage Loan (Mortgage Loan No. 5), the Tower 28 Mortgage Loan (Mortgage Loan No. 7), the FedEx Niles Mortgage Loan (Mortgage Loan No. 12), the Legacy Tower Mortgage Loan (Mortgage Loan No. 18), the 3 Columbus Circle Mortgage Loan (Mortgage Loan No. 19), the Eleven Seventeen Perimeter Mortgage Loan (Mortgage Loan No. 22) and the AC by Marriott San Jose Mortgage Loan (Mortgage Loan No. 29) is part of a whole loan related to the Issuing Entity. For purposes of the statistical information set forth in this preliminary prospectus as to such Mortgage Loans, all LTV, DSCR, Debt Yield and Cut-off Date Balance per SF/Units/Rooms calculations are in each case based on the subject Mortgage Loan together with any relatedPari Passu Companion Loan, but (unless otherwise indicated) without regard to any related Subordinate Companion Loan(s). For further information, see “Description of the Mortgage Pool—The Whole Loans—General”,”—The Serviced Pari Passu Whole Loans”, “—The Non-Serviced Pari Passu Whole Loans” “—The Non-Serviced Pari Passu-A/B Whole Loans,” “The Serviced Pari Passu-A/B Whole Loan” and “Pooling and Servicing Agreement” or “Pooling and Servicing Agreement—Servicing of the Non-Serviced Mortgage Loans,” as applicable, in this preliminary prospectus. |
(6) | With respect to Mortgage Loan No. 2, SoCal Retail Portfolio, Mortgage Loan No. 5, Visions Hotel Portfolio II, Mortgage Loan No. 11, West Palm Beach Industrial, Mortgage Loan No. 15, UES Multi Portfolio and Mortgage Loan No. 33, Brooklyn Multifamily Portfolio I, each such Mortgage Loan is secured by multiple properties. For purposes of the statistical information set forth in this preliminary prospectus as to such Mortgage Loans, all LTV, DSCR, Debt Yield and Cut-off Date Balance per SF/Units/Rooms calculations are shown on an aggregate basis, and a portion of the Cut-off Date Balance has been allocated to each mortgaged property based on the respective Appraised Values and/or Underwritten NCF, among other methods. |
(7) | With respect to Mortgage Loan No. 2, SoCal Retail Portfolio, Mortgage Loan No. 5, Visions Hotel Portfolio II, Mortgage Loan No. 15, UES Multi Portfolio, Mortgage Loan No. 33, Brooklyn Multifamily Portfolio I, and Mortgage Loan No. 50, Woodland Square Apartments, 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, and in the case of Mortgage Loan No. 2, SoCal Retail Portfolio, permit a partial severance of the Mortgage Loan and the portfolio of Mortgaged Properties into two or more unrelated Mortgage Loans and pools of Mortgaged Properties. With respect to Mortgage Loan No. 30, Brookwood Square, Mortgage Loan No. 31, 3901 Bolger Road, and Mortgage Loan No. 32, Michigan Road Shoppes, which are cross-collateralized and cross-defaulted, the related loan documents permit a release of any of the related Mortgaged Properties, and a consequent release of the cross-collateralization of the related Mortgage Loan, subject to LTV, DSCR and/or Debt Yield tests, or other release conditions in connection with a defeasance of any one of such Mortgage Loans. With respect to Mortgage Loan No. 34, Shoppes at Holly Springs, and Mortgage Loan No. 35, Jefferson Square, the related loan documents permit a release of either of the related Mortgaged Properties, and a consequent release of the cross-collateralization of the related Mortgage Loan, upon defeasance of the principal amount of such Mortgage Loan (without a release premium). See“Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Defeasance” and “—Partial Releases, Substitutions and Additions” in this preliminary prospectus. |
(8) | With respect to Mortgage Loan No. 1, Grand Canal Shoppes, Mortgage Loan No. 5, Visions Hotel Portfolio II and Mortgage Loan No. 22, Eleven Seventeen Perimeter, the related loan documents permit one or more anchor store, outparcel or other releases without prepayment or defeasance. See“Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Partial Releases, Substitutions and Additions” in this preliminary prospectus. |
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(9) | With respect to Mortgage Loan No. 43, Tatum Plaza, Mortgage Loan No. 44, Tatum Ranch Crossing, and Mortgage Loan No. 45, Shadow Creek Marketplace, the related mortgage loan documents permit future 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”in this preliminary prospectus. |
(10) | With respect to Mortgage Loan No. 2, SoCal Retail Portfolio, the related loan documents permit a collateral substitution, subject to satisfaction of certain conditions. See“Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Partial Releases, Substitutions and Additions” in this preliminary prospectus. |
(11) | With respect to Mortgage Loan Nos. 30, 31 and 32, Brookwood Square, 3901 Bolger Road and Michigan Road Shoppes, the loans are cross-collateralized and cross-defaulted. For the purposes of the statistical information set forth in the preliminary prospectus as to such mortgage loans, all LTV, DSCR, Debt Yield and Cut-off Date Balance per SF/Unit/Room calculations are shown on an aggregate basis. |
(12) | With respect to Mortgage Loan Nos. 34 and 35, Shoppes at Holly Springs and Jefferson Square, the loans are cross-collateralized and cross-defaulted. For the purposes of the statistical information set forth in the preliminary prospectus as to such mortgage loans, all LTV, DSCR, Debt Yield and Cut-off Date Balance per SF/Unit/Room calculations are shown on an aggregate basis. |
(13) | With respect to Mortgage Loan No. 4, 125 Borinquen Place, the Appraised Value includes $19,160,000 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 $76,440,000 appraised value, excluding the net present value of the tax abatement are 68.0%. |
With respect to Mortgage Loan No. 5, Visions Hotel Portfolio II, the Appraised Value is the “as is portfolio” appraised value of the Visions Hotel Portfolio II Properties as a whole, which reflects a 5.3% premium to the aggregate “as is” and “hypothetical – as complete” appraised value of the individual properties. The aggregate “as is” and “hypothetical – as complete” appraised value for the individual properties as of May 1, 2019 is $99.7 million, which results in a Cut-off Date LTV Ratio of 62.4% and a Maturity Date LTV Ratio of 50.7%. The individual Appraised Values for the Fairfield Inn Watertown and Candlewood Suites Watertown properties represent the “hypothetical – as complete” values which assume that scheduled property improvement plans have been completed at each property as of May 1, 2019. At origination, the Visions Hotel Portfolio II Borrower deposited $500,000 and $1,400,000 for PIP work at the Fairfield Inn Watertown and Candlewood Suites Watertown properties, respectively. The “as-is” appraised values for the Fairfield Inn Watertown and Candlewood Suites Watertown properties are $7,500,000 and $6,000,000, respectively. The aggregate “as is” appraised value for the individual properties as of May 1, 2019 is $97.6 million, which results in a Cut-off Date LTV Ratio of 63.7% and a Maturity Date LTV Ratio of 51.8%, respectively. | |
With respect to Mortgage Loan No. 7, 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 are 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. 8, North Carolina Technical Park, the Appraised Value is subject to the extraordinary assumption that the borrower sponsor will spend $15.00 PSF to “white-box” the vacant space consisting of 34,621 SF as of the date of the valuation. Under the North Carolina Technical Park Mortgage Loan documents, the North Carolina Technical Park borrower is required to complete such renovations and commence the marketing of such space to prospective tenants by the payment date occurring in July 2020, or upon an extension at the lender’s discretion, by the payment date occurring in January 2021. In the event these conditions are not satisfied, the North Carolina Technical Park Borrower is required to deposit cash in an amount equal to $500,000 into an escrow. | |
With respect to Mortgage Loan No. 20, The View Apartments, the Appraised Value of $20,500,000 includes $2,500,000 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 $18,000,000 appraised value, excluding the net present value of the tax abatement are 67.8% and 67.8%, respectively. | |
With respect to Mortgage Loan No. 28, La Privada Apartments, the Appraised Value of $14,400,000 is a “Prospective As Stabilized” value as of May 1, 2020, which assumes that one-third of planned unit interior renovations and all planned exterior renovations have been completed and that one-third of the units achieve estimated post renovation rental rates resulting in a Cut-off Date LTV Ratio and Maturity Date LTV Ratio of 69.9% and 69.9%, respectively. At origination of the La Privada Apartments Mortgage Loan, $1,866,899 was escrowed for such proposed capital improvements. Furthermore, the borrower sponsor provided a completion guaranty for 100% of the exterior capital work and one-third of the interior unit work within approximately one year of the loan origination date as well as the payment of all costs associated with such renovations. The “As-Is” appraised value for the La Privada Apartments Mortgaged Property was $12,000,000 as of April 30, 2019, which results in a Cut-off Date LTV Ratio and Maturity Date LTV Ratio of 83.9% and 83.9%, respectively. |
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(14) | With respect to Mortgage Loan No. 2, SoCal Retail Portfolio, the borrowers escrowed an initial TI/LC reserve of $3,000,000 at closing and are required to escrow monthly TI/LC reserves of $123,435.92, upon the TI/LC reserve balance being less than $1,000,000, subject to a cap of $3,000,000. |
(15) | With respect to Mortgage Loan No. 3, Embassy Suites at Centennial Olympic Park, the Mortgaged Property contains 17,205 SF of retail space, which is included in Underwritten NOI, Most Recent NOI, Second Most Recent NOI and Third Most Recent NOI, but is not included in Occupancy. |
(16) | With respect to Mortgage Loan No. 5, Visions Hotel Portfolio II, the borrowers are required to make monthly FF&E deposits equal to 1/12 of: (i) 2% of annual gross revenue for the first two years of the loan term, (ii) 3% of annual gross revenue for the third, fourth and fifth years of the loan term and (iii) 4% of annual gross revenue thereafter. |
(17) | With respect to Mortgage Loan No. 6, 617-625 West 46th Street, the Cut-off Date LTV Ratio, Underwritten NOI Debt Yield, and Underwritten NCF Debt Yield are calculated based on the gross loan amount of $28,000,000. The Cut-off Date LTV Ratio, Underwritten NOI Debt Yield, and Underwritten NCF Debt Yield calculated net of the $5,000,000 Holdback Reserve are 51.9%, 9.9%, and 9.7%, respectively. |
(18) | With respect to Mortgage Loan No. 12, FedEx Niles, the mortgage loan and the related whole loan accrues interest at a rate of 4.2320%per annum (the “Initial Interest Rate”) through the anticipated repayment date of June 1, 2029 (the “ARD”). After the ARD, the related whole loan will accrue interest at a per annum rate (the “Adjusted Rate”), equal to the lesser of (i) the Initial Interest Rate plus 4.0000%, and (ii) the greater of (a) the Initial Interest Rate plus 2.5000% and (b) the Treasury Rate (as defined below) plus 2.5000%. In addition, on each monthly payment date after the ARD, (i) the related whole loan requires a constant monthly payment of $228,262.31, to be applied first to interest at the Initial Interest Rate and then to principal, and (ii) all excess cash flow from the mortgaged property is required to be collected by the lender and applied to reduce the principal balance of the related whole loan until the entire outstanding principal balance of the related whole loan is paid in full, and then to pay accrued interest on the related whole loan which has accrued at the excess of the Adjusted Rate over the Initial Interest Rate (“Excess Interest”) and has been deferred until repayment of the related whole loan. “Treasury Rate” means, as of the ARD, the yield, calculated by the lender by linear interpolation (rounded to the nearest 0.001%) of the yields of non-inflation adjusted noncallable United States Treasury obligations with terms (one longer and one shorter) most nearly approximating the period from such date of determination to the final maturity date, as determined by the lender on the basis of Federal Reserve Statistical Release H.15-Selected Interest Rates under the heading U.S. Governmental Security/Treasury Constant Maturities, or another recognized source of financial market information selected by the lender. |
(19) | With respect to Mortgage Loan No. 13, DoubleTree Princeton, a seasonality reserve in the amount of $80,000 was established at origination. In addition, the related loan documents provide that the borrower will pay to the lender (i) $16,667 for the seasonality reserve on each payment date occurring in September 2019, October 2019 and November 2019 and (ii) to the extent that the amount of funds on deposit in the seasonality reserve is less than $130,000 on any payment date, an amount such that the amount of funds on deposit in the seasonality reserve is at least $130,000. |
(20) | With respect to Mortgage Loan No. 14, Marriott Metairie at Lakeway, the borrower is required to make monthly FF&E deposits equal to 1/12 of: (i) 2% of annual gross revenue for the first year of the loan term, (ii) 3% of annual gross revenue for the second year of the loan term and (iii) 4% of annual gross revenue thereafter. |
(21) | With respect to Mortgage Loan No. 17, 3 Independence Way, the borrowers escrowed an initial TI/LC reserve of $2,000,000 at closing and are required to escrow monthly TI/LC reserves of $9,500 upon the TI/LC reserve balance being less than $250,000, subject to a cap of $250,000 unless the property is (i) at least 90% occupied and (ii) at least 60% of the leases have unexpired terms that extend two years past the maturity date. |
(22) | With respect to Mortgage Loan No. 28, La Privada Apartments, the Underwritten NOI Debt Yield and Underwritten NCF Debt Yield are calculated net of the $320,000 Earnout reserve. The Underwritten NOI Debt Yield and Underwritten NCF Debt Yield without netting the Earnout reserve are 8.9% and 8.9%, respectively. |
(23) | With respect to Mortgage Loan No. 36, Best Western Plus South Bay Hotel, the borrower expects to implement a parking pass system at the Mortgaged Property. The Mortgage Loan was structured with a $1,050,000 holdback reserve, which is required to be released to the borrower in up to two installments if (i) the adjusted net cash flow excluding parking income and expenses (which adjusted net cash flow is calculated pursuant to the loan documents, and capped at $908,649) plus (ii) the amount of net parking income, is sufficient to produce a debt yield, after giving effect to the requested release, of not less than 11.4%. If such conditions are not satisfied by May 22, 2021, the remaining amount of the holdback reserve is required to be applied to prepay the Mortgage Loan in such remaining amount, together with any yield maintenance then due. |
(24) | With respect to Mortgage Loan No. 40, Best Western Sanford Airport, the collateral for the Best Western Sanford Mortgage Loan consists of both the fee and leasehold interests in the Best Western Sanford Mortgaged Property. The fee and leasehold interests are both subject to the mortgage. |
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(25) | With respect to Mortgage Loan No. 48, Quality Inn Oneonta Cooperstown Area, the Underwritten NOI Debt Yield and Underwritten NCF Debt Yield are calculated net of the $500,000 Debt Yield Earnout reserve. The Underwritten NOI Debt Yield and Underwritten NCF Debt Yield without netting the Earnout reserve are 16.9% and 13.7%, respectively. |
(26) | With respect to Mortgage Loan No. 48, Quality Inn Oneonta Cooperstown Area, a seasonality reserve in the amount of $250,000 was established at origination. In addition, the related loan documents provide that the related borrower will pay approximately $35,714 to the lender for the seasonality reserve on each payment date occurring in April, May, June, July, August, September and October during the term of the Mortgage Loan, provided that no such payment will be required if the balance of the seasonality reserve is at least $375,000 on any payment date. |
A. | “Yield Maintenance Premium” shall mean an amount equal to the greater of (i) one percent (1%) of any applicable prepayment, or (b) the present value as of the Prepayment Date of the Calculated Payments determined by discounting such payments at the Discount Rate. As used in this definition, (i) the term “Prepayment Date” means the date on which the applicable prepayment is made; (ii) the term “Calculated Payments” means the monthly payments of interest only which would be due from the Prepayment Date through the Permitted Prepayment Date based on the Principal amount of the Mortgage Loan being prepaid on the Prepayment Date and assuming an interest rate per annum in the amount, if any, by which the Interest Rate exceeds the Yield Maintenance Treasury Rate; (iii) the term “Discount Rate” means the rate which, when compounded monthly, is equivalent to the Yield Maintenance Treasury Rate, when compounded semi-annually. The calculation of the Yield Maintenance Premium shall be made by the lender and shall, absent manifest error, be final, conclusive and binding upon the parties. |
B. | “Yield Maintenance Premium” shall mean an amount equal to the greater of (i) one percent (1%) of the principal amount of the Mortgage 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, the 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 (i) one percent (1%) of the principal amount of the Loan being prepaid and (ii) an amount equal to the present value as of the Prepayment Date of the Calculated Payments from the Prepayment Date through the Permitted Prepayment Date determined by discounting such payments at the Discount Rate. As used in this definition, the term “Prepayment Date” 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 Initial 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 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 Permitted Prepayment 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 the lender be required to reinvest any prepayment proceeds in U.S. Treasury obligations or otherwise. |
D. | “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 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 |
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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 the lender be required to reinvest any prepayment proceeds in U.S. Treasury obligations or otherwise. | |
E. | “Prepayment Fee” shall mean an amount equal to the greater of (i) the Yield Maintenance Amount or (ii)(A) during the continuance of an Event of Default, five percent (5%) of the unpaid principal balance of the Note as of the Prepayment Date or (B) otherwise, one percent (1%) of the unpaid principal balance of the Note as of the Prepayment Date. “Yield Maintenance Amount” shall mean the present value, as of the Prepayment Date, of the remaining scheduled payments of principal, if applicable, and interest from the Prepayment Date through the Stated Maturity Date (including any balloon payment) determined by discounting such payments at the Discount Rate, less the amount of principal being prepaid. “Discount Rate” shall mean the rate which, when compounded monthly, is equivalent to the Treasury Rate when compounded semi-annually. “Treasury Rate” shall mean the yield calculated by the linear interpolation of the yields, as reported in 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 and one shorter) most nearly approximating the Stated Maturity Date. (In the event Release H.15 is no longer published, the lender shall select a comparable publication to determine the Treasury Rate.) |
F. | “Prepayment Fee” shall mean an amount equal to the greater of (i) the Yield Maintenance Amount or (ii)(A) during the continuance of an Event of Default, five percent (5%) of the unpaid principal balance of the Note as of the Prepayment Date or (B) otherwise, one percent (1%) of the unpaid principal balance of the Note as of the Prepayment Date. “Yield Maintenance Amount” shall mean the present value, as of the Prepayment Date, of the remaining scheduled payments of principal, if applicable, and interest from the Prepayment Date through the Stated Maturity Date (including any balloon payment) determined by discounting such payments at the Discount Rate, less the amount of principal being prepaid. “Discount Rate” shall mean the rate which, when compounded monthly, is equivalent to the Treasury Rate when compounded semi-annually. “Treasury Rate” shall mean the yield calculated by the linear interpolation of the yields, as reported in 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 and one shorter) most nearly approximating the Stated Maturity Date. (In the event Release H.15 is no longer published, the lender shall select a comparable publication to determine the Treasury Rate.) |
G. | “Prepayment Fee” shall mean an amount equal to the greater of (i) the Yield Maintenance Amount or (ii)(A) during the continuance of an Event of Default, five percent (5%) of the unpaid principal balance of the Note as of the Prepayment Date or (B) otherwise, one percent (1%) of the unpaid principal balance of the Note as of the Prepayment Date. “Yield Maintenance Amount” shall mean the present value, as of the Prepayment Date, of the remaining scheduled payments of principal, if applicable, and interest from the Prepayment Date through the Stated Maturity Date (including any balloon payment) determined by discounting such payments at the Discount Rate, less the amount of principal being prepaid. “Discount Rate” shall mean the rate which, when compounded monthly, is equivalent to the Treasury Rate when compounded semi-annually. “Treasury Rate” shall mean the yield calculated by the linear interpolation of the yields, as reported in 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 and one shorter) most nearly approximating the Stated Maturity Date. (In the event Release H.15 is no longer published, the lender shall select a comparable publication to determine the Treasury Rate.) |
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