| | FREE WRITING PROSPECTUS |
| | FILED PURSUANT TO RULE 433 |
| | REGISTRATION FILE NO.: 333-206677-14 |
| | |
Wells Fargo Commercial Mortgage Trust 2017-RB1 Disclaimer |
STATEMENT REGARDING THIS FREE WRITING PROSPECTUS |
The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (‘‘SEC’’) (SEC File No. 333-206677) for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter, or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8 a.m. – 5 p.m. EST) or by emailing wfs.cmbs@wellsfargo.com. |
Nothing in this document constitutes an offer of securities for sale in any jurisdiction where the offer or sale is not permitted. The information contained herein is preliminary as of the date hereof, supersedes any such information previously delivered to you and will be superseded by any such information subsequently delivered and ultimately by the final prospectus relating to the securities. These materials are subject to change, completion, supplement or amendment from time to time. |
STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING ESTIMATES AND OTHER INFORMATION |
The attached information contains certain tables and other statistical analyses (the “Computational Materials”) which have been prepared in reliance upon information furnished by the Mortgage Loan Sellers. Numerous assumptions were used in preparing the Computational Materials, which may or may not be reflected herein. As such, no assurance can be given as to the Computational Materials’ accuracy, appropriateness or completeness in any particular context; or as to whether the Computational Materials and/or the assumptions upon which they are based reflect present market conditions or future market performance. The Computational Materials should not be construed as either projections or predictions or as legal, tax, financial or accounting advice. You should consult your own counsel, accountant and other advisors as to the legal, tax, business, financial and related aspects of a purchase of these securities. Any weighted average lives, yields and principal payment periods shown in the Computational Materials are based on prepayment and/or loss assumptions, and changes in such prepayment and/or loss assumptions may dramatically affect such weighted average lives, yields and principal payment periods. In addition, it is possible that prepayments or losses on the underlying assets will occur at rates higher or lower than the rates shown in the attached Computational Materials. The specific characteristics of the securities may differ from those shown in the Computational Materials due to differences between the final underlying assets and the preliminary underlying assets used in preparing the Computational Materials. The principal amount and designation of any security described in the Computational Materials are subject to change prior to issuance. None of Wells Fargo Securities, LLC, Barclays Capital Inc., UBS Securities LLC, SG Americas Securities, LLC, Academy Securities, Inc., or any of their respective affiliates, make any representation or warranty as to the actual rate or timing of payments or losses on any of the underlying assets or the payments or yield on the securities. The information in this presentation is based upon management forecasts and reflects prevailing conditions and management’s views as of this date, all of which are subject to change. In preparing this presentation, we have relied upon and assumed, without independent verification, the accuracy and completeness of all information available from public sources or which was provided to us by or on behalf of the Mortgage Loan Sellers or which was otherwise reviewed by us. |
This free writing prospectus contains certain forward-looking statements. If and when included in this free writing prospectus, the words “expects”, “intends”, “anticipates”, “estimates” and analogous expressions and all statements that are not historical facts, including statements about our beliefs or expectations, are intended to identify forward-looking statements. Any forward-looking statements are made subject to risks and uncertainties which could cause actual results to differ materially from those stated. Those risks and uncertainties include, among other things, declines in general economic and business conditions, increased competition, changes in demographics, changes in political and social conditions, regulatory initiatives and changes in customer preferences, many of which are beyond our control and the control of any other person or entity related to this offering. The forward-looking statements made in this free writing prospectus are made as of the date stated on the cover. We have no obligation to update or revise any forward-looking statement. |
Wells Fargo Securities is the trade name for the capital markets and investment banking services of Wells Fargo & Company and its subsidiaries, including but not limited to Wells Fargo Securities, LLC, a member of NYSE, FINRA, NFA and SIPC, Wells Fargo Prime Services, LLC, a member of FINRA, NFA and SIPC, and Wells Fargo Bank, N.A. Wells Fargo Securities, LLC and Wells Fargo Prime Services, LLC are distinct entities from affiliated banks and thrifts. |
IMPORTANT NOTICE REGARDING THE OFFERED CERTIFICATES |
The information herein is preliminary and may be supplemented or amended prior to the time of sale. |
In addition, the Offered Certificates referred to in these materials and the asset pool backing them are subject to modification or revision (including the possibility that one or more classes of certificates may be split, combined, or eliminated at any time prior to issuance or availability of a final prospectus) and are offered on a "when, as and if issued" basis. |
The underwriters described in these materials may from time to time perform investment banking services for, or solicit investment banking business from, any company named in these materials. The underwriters and/or their affiliates or respective employees may from time to time have a long or short position in any security or contract discussed in these materials. |
The information contained herein supersedes any previous such information delivered to any prospective investor and will be superseded by information delivered to such prospective investor prior to the time of sale. |
IMPORTANT NOTICE RELATING TO AUTOMATICALLY-GENERATED EMAIL DISCLAIMERS |
Any legends, disclaimers or other notices that may appear at the bottom of any email communication to which this free writing prospectus is attached relating to (1) these materials not constituting an offer (or a solicitation of an offer), (2) any representation that these materials are accurate or complete and may not be updated or (3) these materials possibly being confidential, are not applicable to these materials and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of these materials having been sent via Bloomberg or another system. |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
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Mortgage Loan Number | | Property Name | | Mortgage Loan Seller (1) | | Cross Collateralized and Cross Defaulted Loan Flag | | Address | | City | | State | | Zip Code | | General Property Type | | Specific Property Type | | Year Built | | Year Renovated | | Number of Units (2) | | Unit of Measure (2) | | Cut-off Date Balance Per Unit/SF (6) |
1 | | 123 William Street | | Barclays | | | | 123 William Street | | New York | | NY | | 10038 | | Office | | CBD | | 1912 | | 2016 | | 545,216 | | Sq. Ft. | | 257 |
2 | | The Davenport | | WFB | | | | 25 First Street | | Cambridge | | MA | | 02141 | | Office | | CBD | | 1888 | | 2015 | | 230,864 | | Sq. Ft. | | 455 |
3 | | Center West | | UBSAG | | | | 10877 Wilshire Boulevard | | Los Angeles | | CA | | 90024 | | Office | | CBD | | 1985 | | | | 349,298 | | Sq. Ft. | | 229 |
4 | | KOMO Plaza | | UBSAG | | | | 100-140 4th Avenue North | | Seattle | | WA | | 98109 | | Mixed Use | | Office/Data Center/Retail | | 2000 | | 2007 | | 291,151 | | Sq. Ft. | | 477 |
5 | | Santa Rosa Office Portfolio | | WFB | | | | Various | | Santa Rosa | | CA | | Various | | Office | | Suburban | | Various | | | | 337,082 | | Sq. Ft. | | 95 |
5.01 | | 100-120 Stony Point Road | | WFB | | | | 100-120 Stony Point Road | | Santa Rosa | | CA | | 95401 | | Office | | Suburban | | 1990 | | | | 198,931 | | Sq. Ft. | | |
5.02 | | 131 Stony Circle | | WFB | | | | 131 Stony Circle | | Santa Rosa | | CA | | 95401 | | Office | | Suburban | | 1986 | | | | 80,812 | | Sq. Ft. | | |
5.03 | | 3333 Mendocino Avenue | | WFB | | | | 3333 Mendocino Avenue | | Santa Rosa | | CA | | 95403 | | Office | | Suburban | | 1981 | | | | 38,011 | | Sq. Ft. | | |
5.04 | | 70 Stony Point Road | | WFB | | | | 70 Stony Point Road | | Santa Rosa | | CA | | 95401 | | Office | | Suburban | | 2000 | | | | 19,328 | | Sq. Ft. | | |
6 | | IPCC Texas Self Storage Portfolio | | Barclays | | | | Various | | Various | | TX | | Various | | Self Storage | | Self Storage | | Various | | Various | | 685,835 | | Sq. Ft. | | 46 |
6.01 | | Coulter | | Barclays | | | | 5300 Coulter Street | | Amarillo | | TX | | 79119 | | Self Storage | | Self Storage | | 2007 | | | | 102,382 | | Sq. Ft. | | |
6.02 | | Lubbock | | Barclays | | | | 131 West Loop 289 | | Lubbock | | TX | | 79416 | | Self Storage | | Self Storage | | 1997 | | 2015 | | 77,311 | | Sq. Ft. | | |
6.03 | | Paramount | | Barclays | | | | 2501 Paramount Boulevard | | Amarillo | | TX | | 79109 | | Self Storage | | Self Storage | | 1999 | | | | 65,039 | | Sq. Ft. | | |
6.04 | | Tradewinds | | Barclays | | | | 1500 South East 34th Avenue | | Amarillo | | TX | | 79118 | | Self Storage | | Self Storage | | 2005 | | 2016 | | 103,240 | | Sq. Ft. | | |
6.05 | | AA 45th | | Barclays | | | | 4600 Bell Street | | Amarillo | | TX | | 79109 | | Self Storage | | Self Storage | | 1986 | | | | 93,625 | | Sq. Ft. | | |
6.06 | | Quail Creek | | Barclays | | | | 6620 Lowes Lane | | Amarillo | | TX | | 79106 | | Self Storage | | Self Storage | | 2008 | | | | 62,300 | | Sq. Ft. | | |
6.07 | | West 34th | | Barclays | | | | 7409 South West 34th Avenue | | Amarillo | | TX | | 79109 | | Self Storage | | Self Storage | | 1993 | | | | 60,778 | | Sq. Ft. | | |
6.08 | | Bell Street | | Barclays | | | | 4708 Bell Street | | Amarillo | | TX | | 79109 | | Self Storage | | Self Storage | | 2003 | | | | 53,625 | | Sq. Ft. | | |
6.09 | | Plainview | | Barclays | | | | 1401 North Interstate 27 | | Plainview | | TX | | 79072 | | Self Storage | | Self Storage | | 1996 | | | | 67,535 | | Sq. Ft. | | |
7 | | ExchangeRight Net Leased Portfolio 15 | | SG | | | | Various | | Various | | Various | | Various | | Various | | Various | | Various | | Various | | 218,276 | | Sq. Ft. | | 143 |
7.01 | | Hobby Lobby - Brunswick, GA | | SG | | | | 10300 Canal Crossing | | Brunswick | | GA | | 31525 | | Retail | | Single Tenant | | 2016 | | | | 55,000 | | Sq. Ft. | | |
7.02 | | Goodwill - Skokie, IL | | SG | | | | 5518 West Touhy Avenue | | Skokie | | IL | | 60077 | | Retail | | Single Tenant | | 2016 | | | | 20,850 | | Sq. Ft. | | |
7.03 | | CVS Pharmacy - Bolingbrook, IL | | SG | | | | 1725 West Boughton Road | | Bolingbrook | | IL | | 60490 | | Retail | | Single Tenant | | 2005 | | | | 13,013 | | Sq. Ft. | | |
7.04 | | Walgreens - Independence, MO | | SG | | | | 17811 East US Highway 24 | | Independence | | MO | | 64056 | | Retail | | Single Tenant | | 2001 | | | | 15,120 | | Sq. Ft. | | |
7.05 | | Indianapolis Osteopathic Hospital, Inc | | SG | | | | 7901 Crawfordsville Road | | Indianapolis | | IN | | 46214 | | Office | | Medical | | 1986 | | 2013 | | 15,109 | | Sq. Ft. | | |
7.06 | | Walgreens - Arlington, TX | | SG | | | | 4208 South West Green Oaks Boulevard | | Arlington | | TX | | 76017 | | Retail | | Single Tenant | | 1997 | | 2016 | | 13,905 | | Sq. Ft. | | |
7.07 | | Fresenius Medical Care - St. Louis, MO | | SG | | | | 2635 Hampton Avenue | | St. Louis | | MO | | 63139 | | Office | | Medical | | 1941 | | 2006 | | 7,500 | | Sq. Ft. | | |
7.08 | | Advance Auto Parts - Mokena, IL | | SG | | | | 19810 South LaGrange Road | | Mokena | | IL | | 60448 | | Retail | | Single Tenant | | 2012 | | | | 6,831 | | Sq. Ft. | | |
7.09 | | Advance Auto Parts - Norcross, GA | | SG | | | | 3730 Holcomb Bridge Road | | Norcross | | GA | | 30092 | | Retail | | Single Tenant | | 2005 | | | | 7,000 | | Sq. Ft. | | |
7.10 | | Dollar General - Gadsden, AL | | SG | | | | 1401 J.R. Countryman Highway | | Gadsden | | AL | | 35901 | | Retail | | Single Tenant | | 2016 | | | | 10,542 | | Sq. Ft. | | |
7.11 | | Dollar General - Saint Amant, LA | | SG | | | | 14486 Highway 431 | | Saint Amant | | LA | | 70774 | | Retail | | Single Tenant | | 2015 | | | | 9,026 | | Sq. Ft. | | |
7.12 | | Dollar General - Hammond, LA | | SG | | | | 43363 South Airport Road | | Hammond | | LA | | 70403 | | Retail | | Single Tenant | | 2013 | | | | 9,026 | | Sq. Ft. | | |
7.13 | | Dollar General - Baton Rouge, LA | | SG | | | | 7055 Greenwell Springs Road | | Baton Rouge | | LA | | 70805 | | Retail | | Single Tenant | | 2014 | | | | 9,026 | | Sq. Ft. | | |
7.14 | | Dollar General - Sugar Creek, MO | | SG | | | | 10514 US Highway 24 | | Sugar Creek | | MO | | 64053 | | Retail | | Single Tenant | | 1950 | | 2016 | | 8,908 | | Sq. Ft. | | |
7.15 | | Dollar General - Goshen, IN | | SG | | | | 58598 State Road 15 | | Goshen | | IN | | 46528 | | Retail | | Single Tenant | | 2016 | | | | 9,100 | | Sq. Ft. | | |
7.16 | | Family Dollar - Baton Rouge, LA | | SG | | | | 3777 North Sherwood Forest Drive | | Baton Rouge | | LA | | 70814 | | Retail | | Single Tenant | | 2016 | | | | 8,320 | | Sq. Ft. | | |
8 | | 1166 Avenue of the Americas | | Barclays | | | | 1166 Avenue of the Americas | | New York | | NY | | 10036 | | Office | | CBD | | 1974 | | | | 195,375 | | Sq. Ft. | | 435 |
9 | | Hotel Wilshire | | WFB | | | | 6317 Wilshire Boulevard | | Los Angeles | | CA | | 90048 | | Hospitality | | Full Service | | 1950 | | 2011 | | 74 | | Rooms | | 348,649 |
10 | | Anaheim Marriott Suites | | UBSAG | | | | 12015 Harbor Boulevard | | Garden Grove | | CA | | 92840 | | Hospitality | | Full Service | | 2002 | | 2016 | | 371 | | Rooms | | 145,553 |
11 | | The Summit Birmingham | | Barclays | | | | 214 Summit Boulevard | | Birmingham | | AL | | 35243 | | Retail | | Lifestyle Center | | 1997 | | 2009 | | 681,245 | | Sq. Ft. | | 305 |
12 | | Connecticut Financial Center | | UBSAG | | | | 157 Church Street | | New Haven | | CT | | 06510 | | Office | | CBD | | 1990 | | | | 470,251 | | Sq. Ft. | | 97 |
13 | | Merrill Lynch Drive | | Barclays | | | | 1300, 1350 & 1400 Merrill Lynch Drive | | Hopewell | | NJ | | 08534 | | Office | | Suburban | | 2001 | | | | 553,841 | | Sq. Ft. | | 187 |
14 | | Art Van Portfolio | | UBSAG | | | | Various | | Various | | MI | | Various | | Various | | Various | | Various | | Various | | 1,407,911 | | Sq. Ft. | | 49 |
14.01 | | Warren Distribution Center | | UBSAG | | | | 6340 and 6500 East 14 Mile Road | | Warren | | MI | | 48092 | | Industrial | | Distribution | | 1969 | | 2015 | | 1,056,890 | | Sq. Ft. | | |
14.02 | | Comstock Park Retail | | UBSAG | | | | 4273 Alpine Avenue Northwest | | Comstock Park | | MI | | 49321 | | Retail | | Single Tenant | | 1999 | | | | 96,400 | | Sq. Ft. | | |
14.03 | | Grand Rapids Retail | | UBSAG | | | | 4375 28th Street Southeast | | Kentwood | | MI | | 49512 | | Retail | | Single Tenant | | 1986 | | 2001 | | 79,212 | | Sq. Ft. | | |
14.04 | | Bloomfield Hills Retail | | UBSAG | | | | 2300 South Telegraph Road | | Bloomfield Hills | | MI | | 48302 | | Retail | | Single Tenant | | 2004 | | 2016 | | 46,388 | | Sq. Ft. | | |
14.05 | | Mattress Distribution Center | | UBSAG | | | | 30450 and 30500 Little Mack Avenue | | Roseville | | MI | | 48066 | | Industrial | | Distribution | | 1968 | | 2012 | | 129,021 | | Sq. Ft. | | |
15 | | Rivercrest Realty Portfolio 2017 | | Barclays | | | | Various | | Various | | Various | | Various | | Retail | | Various | | Various | | Various | | 180,033 | | Sq. Ft. | | 92 |
15.01 | | Towne Centre Village Retail Center | | Barclays | | | | 1971-2025 Jonesboro Road | | McDonough | | GA | | 30253 | | Retail | | Unanchored | | 2004 | | | | 33,600 | | Sq. Ft. | | |
15.02 | | Hillcrest Shopping Center | | Barclays | | | | 91-129 Kelley Boulevard | | Millbrook | | AL | | 36054 | | Retail | | Shadow Anchored | | 2007 | | 2016 | | 32,542 | | Sq. Ft. | | |
15.03 | | Shippensburg Shopping Center | | Barclays | | | | 101 South Conestoga Drive | | Shippensburg | | PA | | 17257 | | Retail | | Shadow Anchored | | 2004 | | | | 31,889 | | Sq. Ft. | | |
15.04 | | Callaway Commons | | Barclays | | | | 825 North Tyndall Parkway | | Callaway | | FL | | 32404 | | Retail | | Shadow Anchored | | 2003 | | | | 29,650 | | Sq. Ft. | | |
15.05 | | Tri-Rivers Plaza | | Barclays | | | | 3459 Old Halifax Road | | South Boston | | VA | | 24592 | | Retail | | Shadow Anchored | | 1997 | | 2004 | | 24,400 | | Sq. Ft. | | |
15.06 | | The Alta Vista Commons | | Barclays | | | | 105 Clarion Road | | Altavista | | VA | | 24517 | | Retail | | Shadow Anchored | | 2007 | | | | 27,952 | | Sq. Ft. | | |
16 | | 100 Ashford Center | | SG | | | | 100 Ashford Center North | | Dunwoody | | GA | | 30338 | | Office | | Suburban | | 1986 | | | | 162,326 | | Sq. Ft. | | 96 |
17 | | 340 Bryant | | UBSAG | | | | 340 Bryant Street | | San Francisco | | CA | | 94107 | | Office | | CBD | | 1932 | | 2015 | | 62,270 | | Sq. Ft. | | 493 |
18 | | Quail Lakes Shopping Center | | UBSAG | | | | 4707, 4713, 4719, 4722, 4725, 4733, 4755 Quail Lakes Drive and 2593 & 2659 West March Lane | | Stockton | | CA | | 95207 | | Retail | | Anchored | | 1978 | | 2016 | | 140,401 | | Sq. Ft. | | 93 |
19 | | Crystal Lake Apartments | | SG | | | | 7680 West Highway 98 | | Pensacola | | FL | | 32506 | | Multifamily | | Garden | | 1997 | | 2015 | | 224 | | Units | | 55,960 |
20 | | Empire Tower II | | WFB | | | | 4141 Inland Empire Boulevard | | Ontario | | CA | | 91764 | | Office | | Suburban | | 1999 | | | | 70,040 | | Sq. Ft. | | 147 |
21 | | Empire Tower III | | WFB | | | | 4200 Concours | | Ontario | | CA | | 91764 | | Office | | Suburban | | 2000 | | | | 75,214 | | Sq. Ft. | | 135 |
22 | | Center Ithaca | | Barclays | | | | 171 East State Street | | Ithaca | | NY | | 14850 | | Mixed Use | | Multifamily/Office/Retail/Self Storage | | 1990 | | | | 94,429 | | Sq. Ft. | | 106 |
23 | | Horizon Village Square | | SG | | | | 25-75 East Horizon Ridge Parkway | | Henderson | | NV | | 89002 | | Retail | | Shadow Anchored | | 2006 | | | | 42,875 | | Sq. Ft. | | 233 |
24 | | Haynes Furniture Store | | SG | | | | 5324 Virginia Beach Boulevard | | Virginia Beach | | VA | | 23462 | | Retail | | Single Tenant | | 1973 | | 2013 | | 300,597 | | Sq. Ft. | | 31 |
25 | | Hampton Inn Munster | | Barclays | | | | 8936 Calumet Avenue | | Munster | | IN | | 46321 | | Hospitality | | Limited Service | | 2004 | | 2017 | | 91 | | Rooms | | 102,198 |
26 | | North Hills Village Apartments | | WFB | | | | 44840 North Hills Drive | | Northville | | MI | | 48167 | | Multifamily | | Garden | | 1971 | | | | 181 | | Units | | 42,541 |
27 | | East Side Plaza - LA | | WFB | | | | 7440 & 7460 Youree Drive | | Shreveport | | LA | | 71105 | | Retail | | Anchored | | 2004 | | | | 78,761 | | Sq. Ft. | | 89 |
28 | | Fairfield Inn & Suites - Bend, OR | | WFB | | | | 1626 Northwest Wall Street | | Bend | | OR | | 97703 | | Hospitality | | Limited Service | | 2003 | | | | 80 | | Rooms | | 82,379 |
29 | | Lawai Cannery Self-Storage | | SG | | | | 3470 Lauoho Road | | Kalaheo | | HI | | 96741 | | Self Storage | | Self Storage | | 1926 | | 2005 | | 704 | | Units | | 9,233 |
30 | | The Promenade Shopping Centre | | WFB | | | | 2380 South Cobb Parkway | | Smyrna | | GA | | 30080 | | Retail | | Shadow Anchored | | 1979 | | 1993 | | 71,273 | | Sq. Ft. | | 83 |
31 | | StoreSmart Conway | | UBSAG | | | | 3715 Prince Street | | Conway | | AR | | 72034 | | Self Storage | | Self Storage | | 2005 | | | | 88,265 | | Sq. Ft. | | 54 |
32 | | SPS - Gaithersburg | | WFB | | | | 1 Metropolitan Grove Road | | Gaithersburg | | MD | | 20878 | | Self Storage | | Self Storage | | 1984 | | | | 55,002 | | Sq. Ft. | | 86 |
33 | | CT Storage Outlet Pomona | | WFB | | | | 150 County Road | | Pomona | | CA | | 91766 | | Self Storage | | Self Storage | | 2003 | | | | 87,840 | | Sq. Ft. | | 51 |
34 | | Shops at The Artisan | | SG | | | | 201 West Ponce de Leon | | Decatur | | GA | | 30030 | | Mixed Use | | Office/Retail | | 2006 | | | | 10,862 | | Sq. Ft. | | 276 |
35 | | The Milliken Building | | SG | | | | 951 East Commerce Drive | | Saint George | | UT | | 84790 | | Industrial | | Manufacturing | | 2004 | | 2008 | | 102,460 | | Sq. Ft. | | 27 |
36 | | South Houston Self Storage | | WFB | | | | 701 South Allen Genoa Road | | South Houston | | TX | | 77587 | | Self Storage | | Self Storage | | 1986 | | | | 82,975 | | Sq. Ft. | | 25 |
37 | | Snellville Place | | WFB | | | | 2189 Scenic Highway | | Snellville | | GA | | 30078 | | Retail | | Unanchored | | 2006 | | | | 14,050 | | Sq. Ft. | | 148 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
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Mortgage Loan Number | | Property Name | | Original Balance ($) | | Cut-off Date Balance ($) | | % of Aggregate Cut-off Date Balance | | Maturity Date or ARD Balloon Payment ($) | | ARD Loan | | Origination Date | | First Pay Date (3) | | Last IO Pay Date | | First P&I Pay Date | | Maturity Date or Anticipated Repayment Date | | ARD Loan Maturity Date | | Gross Mortgage Rate | | Operating Advisor Ongoing Fee Rate | | Certificate Administrator Fee Rate | | Servicing Fee | | CREFC® IP Royalty License Fee Rate |
1 | | 123 William Street | | 62,500,000 | | 62,500,000 | | 9.8% | | 62,500,000 | | N | | 3/6/2017 | | 4/6/2017 | | 3/6/2027 | | | | 3/6/2027 | | | | 4.666000% | | 0.001790% | | 0.010200% | | 0.005000% | | 0.000500% |
2 | | The Davenport | | 55,000,000 | | 55,000,000 | | 8.6% | | 55,000,000 | | N | | 2/6/2017 | | 3/11/2017 | | 2/11/2027 | | | | 2/11/2027 | | | | 4.220000% | | 0.001790% | | 0.010200% | | 0.005000% | | 0.000500% |
3 | | Center West | | 40,000,000 | | 40,000,000 | | 6.3% | | 40,000,000 | | N | | 12/6/2016 | | 1/6/2017 | | 12/6/2026 | | | | 12/6/2026 | | | | 4.435000% | | 0.001790% | | 0.010200% | | 0.005000% | | 0.000500% |
4 | | KOMO Plaza | | 32,500,000 | | 32,500,000 | | 5.1% | | 32,500,000 | | N | | 12/20/2016 | | 2/6/2017 | | 1/6/2027 | | | | 1/6/2027 | | | | 4.299300% | | 0.000000% | | 0.010200% | | 0.005000% | | 0.000500% |
5 | | Santa Rosa Office Portfolio | | 31,900,000 | | 31,900,000 | | 5.0% | | 27,980,798 | | N | | 1/31/2017 | | 3/11/2017 | | 2/11/2020 | | 3/11/2020 | | 2/11/2027 | | | | 4.590000% | | 0.001790% | | 0.010200% | | 0.015000% | | 0.000500% |
5.01 | | 100-120 Stony Point Road | | 19,000,000 | | 19,000,000 | | 3.0% | | | | | | | | | | | | | | | | | | | | | | | | | | |
5.02 | | 131 Stony Circle | | 5,995,000 | | 5,995,000 | | 0.9% | | | | | | | | | | | | | | | | | | | | | | | | | | |
5.03 | | 3333 Mendocino Avenue | | 4,610,000 | | 4,610,000 | | 0.7% | | | | | | | | | | | | | | | | | | | | | | | | | | |
5.04 | | 70 Stony Point Road | | 2,295,000 | | 2,295,000 | | 0.4% | | | | | | | | | | | | | | | | | | | | | | | | | | |
6 | | IPCC Texas Self Storage Portfolio | | 31,500,000 | | 31,500,000 | | 4.9% | | 29,021,361 | | N | | 3/1/2017 | | 4/6/2017 | | 3/6/2022 | | 4/6/2022 | | 3/6/2027 | | | | 4.930000% | | 0.001790% | | 0.010200% | | 0.005000% | | 0.000500% |
6.01 | | Coulter | | 5,350,000 | | 5,350,000 | | 0.8% | | | | | | | | | | | | | | | | | | | | | | | | | | |
6.02 | | Lubbock | | 4,350,000 | | 4,350,000 | | 0.7% | | | | | | | | | | | | | | | | | | | | | | | | | | |
6.03 | | Paramount | | 3,700,000 | | 3,700,000 | | 0.6% | | | | | | | | | | | | | | | | | | | | | | | | | | |
6.04 | | Tradewinds | | 3,600,000 | | 3,600,000 | | 0.6% | | | | | | | | | | | | | | | | | | | | | | | | | | |
6.05 | | AA 45th | | 3,350,000 | | 3,350,000 | | 0.5% | | | | | | | | | | | | | | | | | | | | | | | | | | |
6.06 | | Quail Creek | | 3,100,000 | | 3,100,000 | | 0.5% | | | | | | | | | | | | | | | | | | | | | | | | | | |
6.07 | | West 34th | | 3,000,000 | | 3,000,000 | | 0.5% | | | | | | | | | | | | | | | | | | | | | | | | | | |
6.08 | | Bell Street | | 2,650,000 | | 2,650,000 | | 0.4% | | | | | | | | | | | | | | | | | | | | | | | | | | |
6.09 | | Plainview | | 2,400,000 | | 2,400,000 | | 0.4% | | | | | | | | | | | | | | | | | | | | | | | | | | |
7 | | ExchangeRight Net Leased Portfolio 15 | | 31,200,000 | | 31,200,000 | | 4.9% | | 31,200,000 | | N | | 3/2/2017 | | 4/1/2017 | | 4/1/2027 | | | | 4/1/2027 | | | | 4.379000% | | 0.001790% | | 0.010200% | | 0.005000% | | 0.000500% |
7.01 | | Hobby Lobby - Brunswick, GA | | 4,184,321 | | 4,184,321 | | 0.7% | | | | | | | | | | | | | | | | | | | | | | | | | | |
7.02 | | Goodwill - Skokie, IL | | 3,982,472 | | 3,982,472 | | 0.6% | | | | | | | | | | | | | | | | | | | | | | | | | | |
7.03 | | CVS Pharmacy - Bolingbrook, IL | | 3,517,142 | | 3,517,142 | | 0.6% | | | | | | | | | | | | | | | | | | | | | | | | | | |
7.04 | | Walgreens - Independence, MO | | 2,951,507 | | 2,951,507 | | 0.5% | | | | | | | | | | | | | | | | | | | | | | | | | | |
7.05 | | Indianapolis Osteopathic Hospital, Inc | | 2,725,314 | | 2,725,314 | | 0.4% | | | | | | | | | | | | | | | | | | | | | | | | | | |
7.06 | | Walgreens - Arlington, TX | | 2,596,538 | | 2,596,538 | | 0.4% | | | | | | | | | | | | | | | | | | | | | | | | | | |
7.07 | | Fresenius Medical Care - St. Louis, MO | | 2,243,479 | | 2,243,479 | | 0.4% | | | | | | | | | | | | | | | | | | | | | | | | | | |
7.08 | | Advance Auto Parts - Mokena, IL | | 1,361,043 | | 1,361,043 | | 0.2% | | | | | | | | | | | | | | | | | | | | | | | | | | |
7.09 | | Advance Auto Parts - Norcross, GA | | 1,262,105 | | 1,262,105 | | 0.2% | | | | | | | | | | | | | | | | | | | | | | | | | | |
7.10 | | Dollar General - Gadsden, AL | | 1,099,828 | | 1,099,828 | | 0.2% | | | | | | | | | | | | | | | | | | | | | | | | | | |
7.11 | | Dollar General - Saint Amant, LA | | 1,006,821 | | 1,006,821 | | 0.2% | | | | | | | | | | | | | | | | | | | | | | | | | | |
7.12 | | Dollar General - Hammond, LA | | 983,880 | | 983,880 | | 0.2% | | | | | | | | | | | | | | | | | | | | | | | | | | |
7.13 | | Dollar General - Baton Rouge, LA | | 907,534 | | 907,534 | | 0.1% | | | | | | | | | | | | | | | | | | | | | | | | | | |
7.14 | | Dollar General - Sugar Creek, MO | | 832,735 | | 832,735 | | 0.1% | | | | | | | | | | | | | | | | | | | | | | | | | | |
7.15 | | Dollar General - Goshen, IN | | 828,032 | | 828,032 | | 0.1% | | | | | | | | | | | | | | | | | | | | | | | | | | |
7.16 | | Family Dollar - Baton Rouge, LA | | 717,249 | | 717,249 | | 0.1% | | | | | | | | | | | | | | | | | | | | | | | | | | |
8 | | 1166 Avenue of the Americas | | 28,750,000 | | 28,750,000 | | 4.5% | | 28,750,000 | | N | | 1/11/2017 | | 3/6/2017 | | 2/6/2027 | | | | 2/6/2027 | | | | 5.278800% | | 0.000000% | | 0.010200% | | 0.005000% | | 0.000500% |
9 | | Hotel Wilshire | | 25,800,000 | | 25,800,000 | | 4.0% | | 23,740,716 | | N | | 2/16/2017 | | 4/11/2017 | | 3/11/2022 | | 4/11/2022 | | 3/11/2027 | | | | 4.850000% | | 0.001790% | | 0.010200% | | 0.005000% | | 0.000500% |
10 | | Anaheim Marriott Suites | | 24,000,000 | | 24,000,000 | | 3.8% | | 22,261,318 | | N | | 1/27/2017 | | 3/6/2017 | | 2/6/2022 | | 3/6/2022 | | 2/6/2027 | | | | 5.395200% | | 0.000000% | | 0.010200% | | 0.005000% | | 0.000500% |
11 | | The Summit Birmingham | | 22,800,000 | | 22,800,000 | | 3.6% | | 22,800,000 | | N | | 12/20/2016 | | 2/1/2017 | | 1/1/2027 | | | | 1/1/2027 | | | | 4.762000% | | 0.000000% | | 0.010200% | | 0.005000% | | 0.000500% |
12 | | Connecticut Financial Center | | 22,750,000 | | 22,715,562 | | 3.6% | | 18,574,304 | | N | | 1/31/2017 | | 3/6/2017 | | | | 3/6/2017 | | 2/6/2027 | | | | 4.797500% | | 0.001790% | | 0.010200% | | 0.005000% | | 0.000500% |
13 | | Merrill Lynch Drive | | 20,660,000 | | 20,660,000 | | 3.2% | | 20,660,000 | | Y | | 1/31/2017 | | 3/6/2017 | | 2/6/2022 | | | | 2/6/2022 | | 2/6/2025 | | 3.930000% | | 0.000000% | | 0.010200% | | 0.005000% | | 0.000500% |
14 | | Art Van Portfolio | | 18,750,000 | | 18,750,000 | | 2.9% | | 16,210,268 | | N | | 3/2/2017 | | 4/6/2017 | | 3/6/2019 | | 4/6/2019 | | 3/6/2027 | | | | 4.962000% | | 0.000000% | | 0.010200% | | 0.005000% | | 0.000500% |
14.01 | | Warren Distribution Center | | 10,597,422 | | 10,597,422 | | 1.7% | | | | | | | | | | | | | | | | | | | | | | | | | | |
14.02 | | Comstock Park Retail | | 3,030,491 | | 3,030,491 | | 0.5% | | | | | | | | | | | | | | | | | | | | | | | | | | |
14.03 | | Grand Rapids Retail | | 2,491,324 | | 2,491,324 | | 0.4% | | | | | | | | | | | | | | | | | | | | | | | | | | |
14.04 | | Bloomfield Hills Retail | | 1,450,173 | | 1,450,173 | | 0.2% | | | | | | | | | | | | | | | | | | | | | | | | | | |
14.05 | | Mattress Distribution Center | | 1,180,590 | | 1,180,590 | | 0.2% | | | | | | | | | | | | | | | | | | | | | | | | | | |
15 | | Rivercrest Realty Portfolio 2017 | | 16,600,000 | | 16,600,000 | | 2.6% | | 15,217,682 | | N | | 1/25/2017 | | 3/6/2017 | | 2/6/2022 | | 3/6/2022 | | 2/6/2027 | | | | 4.617000% | | 0.001790% | | 0.010200% | | 0.005000% | | 0.000500% |
15.01 | | Towne Centre Village Retail Center | | 4,650,000 | | 4,650,000 | | 0.7% | | | | | | | | | | | | | | | | | | | | | | | | | | |
15.02 | | Hillcrest Shopping Center | | 3,125,000 | | 3,125,000 | | 0.5% | | | | | | | | | | | | | | | | | | | | | | | | | | |
15.03 | | Shippensburg Shopping Center | | 2,600,000 | | 2,600,000 | | 0.4% | | | | | | | | | | | | | | | | | | | | | | | | | | |
15.04 | | Callaway Commons | | 2,575,000 | | 2,575,000 | | 0.4% | | | | | | | | | | | | | | | | | | | | | | | | | | |
15.05 | | Tri-Rivers Plaza | | 2,350,000 | | 2,350,000 | | 0.4% | | | | | | | | | | | | | | | | | | | | | | | | | | |
15.06 | | The Alta Vista Commons | | 1,300,000 | | 1,300,000 | | 0.2% | | | | | | | | | | | | | | | | | | | | | | | | | | |
16 | | 100 Ashford Center | | 15,662,000 | | 15,662,000 | | 2.5% | | 14,423,320 | | N | | 1/27/2017 | | 3/1/2017 | | 2/1/2022 | | 3/1/2022 | | 2/1/2027 | | | | 4.910000% | | 0.001790% | | 0.010200% | | 0.005000% | | 0.000500% |
17 | | 340 Bryant | | 14,700,000 | | 14,700,000 | | 2.3% | | 13,691,287 | | N | | 2/10/2017 | | 4/6/2017 | | 3/6/2022 | | 4/6/2022 | | 3/6/2027 | | | | 5.675000% | | 0.000000% | | 0.010200% | | 0.005000% | | 0.000500% |
18 | | Quail Lakes Shopping Center | | 13,100,000 | | 13,100,000 | | 2.1% | | 10,661,036 | | N | | 2/28/2017 | | 4/6/2017 | | | | 4/6/2017 | | 3/6/2027 | | | | 4.691700% | | 0.001790% | | 0.010200% | | 0.005000% | | 0.000500% |
19 | | Crystal Lake Apartments | | 12,535,000 | | 12,535,000 | | 2.0% | | 12,535,000 | | N | | 1/25/2017 | | 3/1/2017 | | 2/1/2027 | | | | 2/1/2027 | | | | 4.300000% | | 0.001790% | | 0.010200% | | 0.005000% | | 0.000500% |
20 | | Empire Tower II | | 10,300,000 | | 10,300,000 | | 1.6% | | 8,908,988 | | N | | 2/10/2017 | | 3/11/2017 | | 2/11/2019 | | 3/11/2019 | | 2/11/2027 | | | | 4.990000% | | 0.001790% | | 0.010200% | | 0.005000% | | 0.000500% |
21 | | Empire Tower III | | 10,150,000 | | 10,150,000 | | 1.6% | | 8,777,021 | | N | | 2/10/2017 | | 3/11/2017 | | 2/11/2019 | | 3/11/2019 | | 2/11/2027 | | | | 4.980000% | | 0.001790% | | 0.010200% | | 0.005000% | | 0.000500% |
22 | | Center Ithaca | | 10,000,000 | | 10,000,000 | | 1.6% | | 8,302,313 | | N | | 3/3/2017 | | 4/6/2017 | | | | 4/6/2017 | | 3/6/2027 | | | | 5.302000% | | 0.001790% | | 0.010200% | | 0.005000% | | 0.000500% |
23 | | Horizon Village Square | | 10,000,000 | | 10,000,000 | | 1.6% | | 10,000,000 | | N | | 1/3/2017 | | 3/1/2017 | | 2/1/2027 | | | | 2/1/2027 | | | | 5.400000% | | 0.001790% | | 0.010200% | | 0.005000% | | 0.000500% |
24 | | Haynes Furniture Store | | 9,500,000 | | 9,467,152 | | 1.5% | | 7,126,363 | | Y | | 12/23/2016 | | 2/1/2017 | | | | 2/1/2017 | | 1/1/2027 | | 12/1/2031 | | 5.097000% | | 0.001790% | | 0.010200% | | 0.045000% | | 0.000500% |
25 | | Hampton Inn Munster | | 9,300,000 | | 9,300,000 | | 1.5% | | 7,767,826 | | N | | 3/1/2017 | | 4/6/2017 | | | | 4/6/2017 | | 3/6/2027 | | | | 5.494000% | | 0.001790% | | 0.010200% | | 0.005000% | | 0.000500% |
26 | | North Hills Village Apartments | | 7,700,000 | | 7,700,000 | | 1.2% | | 7,700,000 | | N | | 1/31/2017 | | 3/11/2017 | | 2/11/2027 | | | | 2/11/2027 | | | | 5.040000% | | 0.001790% | | 0.010200% | | 0.005000% | | 0.000500% |
27 | | East Side Plaza - LA | | 7,020,000 | | 7,020,000 | | 1.1% | | 6,034,598 | | N | | 2/7/2017 | | 3/11/2017 | | 2/11/2019 | | 3/11/2019 | | 2/11/2027 | | | | 5.180000% | | 0.001790% | | 0.010200% | | 0.062500% | | 0.000500% |
28 | | Fairfield Inn & Suites - Bend, OR | | 6,600,000 | | 6,590,302 | | 1.0% | | 5,848,756 | | N | | 1/31/2017 | | 3/11/2017 | | | | 3/11/2017 | | 2/11/2024 | | | | 5.060000% | | 0.001790% | | 0.010200% | | 0.005000% | | 0.000500% |
29 | | Lawai Cannery Self-Storage | | 6,500,000 | | 6,500,000 | | 1.0% | | 6,500,000 | | N | | 3/6/2017 | | 4/1/2017 | | 4/1/2027 | | | | 4/1/2027 | | | | 4.490000% | | 0.001790% | | 0.010200% | | 0.052500% | | 0.000500% |
30 | | The Promenade Shopping Centre | | 5,900,000 | | 5,900,000 | | 0.9% | | 4,446,958 | | N | | 3/1/2017 | | 4/11/2017 | | | | 4/11/2017 | | 3/11/2027 | | | | 5.220000% | | 0.001790% | | 0.010200% | | 0.062500% | | 0.000500% |
31 | | StoreSmart Conway | | 4,800,000 | | 4,788,707 | | 0.8% | | 4,006,499 | | N | | 12/13/2016 | | 2/6/2017 | | | | 2/6/2017 | | 1/6/2027 | | | | 5.482200% | | 0.001790% | | 0.010200% | | 0.005000% | | 0.000500% |
32 | | SPS - Gaithersburg | | 4,720,000 | | 4,720,000 | | 0.7% | | 4,146,622 | | N | | 2/14/2017 | | 4/11/2017 | | 3/11/2020 | | 4/11/2020 | | 3/11/2027 | | | | 4.660000% | | 0.001790% | | 0.010200% | | 0.005000% | | 0.000500% |
33 | | CT Storage Outlet Pomona | | 4,500,000 | | 4,477,003 | | 0.7% | | 2,814,357 | | N | | 12/14/2016 | | 2/11/2017 | | | | 2/11/2017 | | 1/11/2027 | | | | 4.820000% | | 0.001790% | | 0.010200% | | 0.005000% | | 0.000500% |
34 | | Shops at The Artisan | | 3,000,000 | | 3,000,000 | | 0.5% | | 3,000,000 | | N | | 3/1/2017 | | 4/1/2017 | | 3/1/2027 | | | | 3/1/2027 | | | | 4.940000% | | 0.001790% | | 0.010200% | | 0.005000% | | 0.000500% |
35 | | The Milliken Building | | 2,800,000 | | 2,800,000 | | 0.4% | | 1,766,214 | | N | | 2/17/2017 | | 4/1/2017 | | | | 4/1/2017 | | 3/1/2027 | | | | 5.020000% | | 0.001790% | | 0.010200% | | 0.005000% | | 0.000500% |
36 | | South Houston Self Storage | | 2,100,000 | | 2,094,959 | | 0.3% | | 1,746,168 | | N | | 12/28/2016 | | 2/11/2017 | | | | 2/11/2017 | | 1/11/2027 | | | | 5.360000% | | 0.001790% | | 0.010200% | | 0.005000% | | 0.000500% |
37 | | Snellville Place | | 2,075,000 | | 2,075,000 | | 0.3% | | 1,722,621 | | N | | 2/21/2017 | | 4/11/2017 | | | | 4/11/2017 | | 3/11/2027 | | | | 5.300000% | | 0.001790% | | 0.010200% | | 0.005000% | | 0.000500% |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Mortgage Loan Number | | Property Name | | Asset Representations Reviewer Fee Rate | | Net Mortgage Rate | | Interest Accrual Method | | Monthly P&I Payment ($) | | Amortization Type | | Interest Accrual Method During IO | | Original Term to Maturity or ARD (Mos.) (3) | | Remaining Term to Maturity or ARD (Mos.) | | Original IO Period (Mos.) | | Remaining IO Period (Mos.) | | Original Amort Term (Mos.) | | Remaining Amort Term (Mos.) | | Seasoning |
1 | | 123 William Street | | 0.000375% | | 4.648135% | | Actual/360 | | 246,396.12 | | Interest-only, Balloon | | Actual/360 | | 120 | | 120 | | 120 | | 120 | | 0 | | 0 | | 0 |
2 | | The Davenport | | 0.000375% | | 4.202135% | | Actual/360 | | 196,103.01 | | Interest-only, Balloon | | Actual/360 | | 120 | | 119 | | 120 | | 119 | | 0 | | 0 | | 1 |
3 | | Center West | | 0.000375% | | 4.417135% | | Actual/360 | | 149,886.57 | | Interest-only, Balloon | | Actual/360 | | 120 | | 117 | | 120 | | 117 | | 0 | | 0 | | 3 |
4 | | KOMO Plaza | | 0.000375% | | 4.283225% | | Actual/360 | | 118,056.59 | | Interest-only, Balloon | | Actual/360 | | 120 | | 118 | | 120 | | 118 | | 0 | | 0 | | 2 |
5 | | Santa Rosa Office Portfolio | | 0.000375% | | 4.562135% | | Actual/360 | | 163,342.96 | | Interest-only, Amortizing Balloon | | Actual/360 | | 120 | | 119 | | 36 | | 35 | | 360 | | 360 | | 1 |
5.01 | | 100-120 Stony Point Road | | | | | | | | | | | | | | | | | | | | | | | | | | |
5.02 | | 131 Stony Circle | | | | | | | | | | | | | | | | | | | | | | | | | | |
5.03 | | 3333 Mendocino Avenue | | | | | | | | | | | | | | | | | | | | | | | | | | |
5.04 | | 70 Stony Point Road | | | | | | | | | | | | | | | | | | | | | | | | | | |
6 | | IPCC Texas Self Storage Portfolio | | 0.000375% | | 4.912135% | | Actual/360 | | 167,753.78 | | Interest-only, Amortizing Balloon | | Actual/360 | | 120 | | 120 | | 60 | | 60 | | 360 | | 360 | | 0 |
6.01 | | Coulter | | | | | | | | | | | | | | | | | | | | | | | | | | |
6.02 | | Lubbock | | | | | | | | | | | | | | | | | | | | | | | | | | |
6.03 | | Paramount | | | | | | | | | | | | | | | | | | | | | | | | | | |
6.04 | | Tradewinds | | | | | | | | | | | | | | | | | | | | | | | | | | |
6.05 | | AA 45th | | | | | | | | | | | | | | | | | | | | | | | | | | |
6.06 | | Quail Creek | | | | | | | | | | | | | | | | | | | | | | | | | | |
6.07 | | West 34th | | | | | | | | | | | | | | | | | | | | | | | | | | |
6.08 | | Bell Street | | | | | | | | | | | | | | | | | | | | | | | | | | |
6.09 | | Plainview | | | | | | | | | | | | | | | | | | | | | | | | | | |
7 | | ExchangeRight Net Leased Portfolio 15 | | 0.000375% | | 4.361135% | | Actual/360 | | 115,435.31 | | Interest-only, Balloon | | Actual/360 | | 121 | | 121 | | 121 | | 121 | | 0 | | 0 | | 0 |
7.01 | | Hobby Lobby - Brunswick, GA | | | | | | | | | | | | | | | | | | | | | | | | | | |
7.02 | | Goodwill - Skokie, IL | | | | | | | | | | | | | | | | | | | | | | | | | | |
7.03 | | CVS Pharmacy - Bolingbrook, IL | | | | | | | | | | | | | | | | | | | | | | | | | | |
7.04 | | Walgreens - Independence, MO | | | | | | | | | | | | | | | | | | | | | | | | | | |
7.05 | | Indianapolis Osteopathic Hospital, Inc | | | | | | | | | | | | | | | | | | | | | | | | | | |
7.06 | | Walgreens - Arlington, TX | | | | | | | | | | | | | | | | | | | | | | | | | | |
7.07 | | Fresenius Medical Care - St. Louis, MO | | | | | | | | | | | | | | | | | | | | | | | | | | |
7.08 | | Advance Auto Parts - Mokena, IL | | | | | | | | | | | | | | | | | | | | | | | | | | |
7.09 | | Advance Auto Parts - Norcross, GA | | | | | | | | | | | | | | | | | | | | | | | | | | |
7.10 | | Dollar General - Gadsden, AL | | | | | | | | | | | | | | | | | | | | | | | | | | |
7.11 | | Dollar General - Saint Amant, LA | | | | | | | | | | | | | | | | | | | | | | | | | | |
7.12 | | Dollar General - Hammond, LA | | | | | | | | | | | | | | | | | | | | | | | | | | |
7.13 | | Dollar General - Baton Rouge, LA | | | | | | | | | | | | | | | | | | | | | | | | | | |
7.14 | | Dollar General - Sugar Creek, MO | | | | | | | | | | | | | | | | | | | | | | | | | | |
7.15 | | Dollar General - Goshen, IN | | | | | | | | | | | | | | | | | | | | | | | | | | |
7.16 | | Family Dollar - Baton Rouge, LA | | | | | | | | | | | | | | | | | | | | | | | | | | |
8 | | 1166 Avenue of the Americas | | 0.000375% | | 5.262725% | | Actual/360 | | 128,227.80 | | Interest-only, Balloon | | Actual/360 | | 120 | | 119 | | 120 | | 119 | | 0 | | 0 | | 1 |
9 | | Hotel Wilshire | | 0.000375% | | 4.832135% | | Actual/360 | | 136,144.49 | | Interest-only, Amortizing Balloon | | Actual/360 | | 120 | | 120 | | 60 | | 60 | | 360 | | 360 | | 0 |
10 | | Anaheim Marriott Suites | | 0.000375% | | 5.379125% | | Actual/360 | | 134,695.49 | | Interest-only, Amortizing Balloon | | Actual/360 | | 120 | | 119 | | 60 | | 59 | | 360 | | 360 | | 1 |
11 | | The Summit Birmingham | | 0.000375% | | 4.745925% | | Actual/360 | | 91,734.64 | | Interest-only, Balloon | | Actual/360 | | 120 | | 118 | | 120 | | 118 | | 0 | | 0 | | 2 |
12 | | Connecticut Financial Center | | 0.000375% | | 4.779635% | | Actual/360 | | 119,326.99 | | Amortizing Balloon | | | | 120 | | 119 | | 0 | | 0 | | 360 | | 359 | | 1 |
13 | | Merrill Lynch Drive | | 0.000375% | | 3.913925% | | Actual/360 | | 68,601.24 | | Interest-only, ARD | | Actual/360 | | 60 | | 59 | | 60 | | 59 | | 0 | | 0 | | 1 |
14 | | Art Van Portfolio | | 0.000375% | | 4.945925% | | Actual/360 | | 100,219.06 | | Interest-only, Amortizing Balloon | | Actual/360 | | 120 | | 120 | | 24 | | 24 | | 360 | | 360 | | 0 |
14.01 | | Warren Distribution Center | | | | | | | | | | | | | | | | | | | | | | | | | | |
14.02 | | Comstock Park Retail | | | | | | | | | | | | | | | | | | | | | | | | | | |
14.03 | | Grand Rapids Retail | | | | | | | | | | | | | | | | | | | | | | | | | | |
14.04 | | Bloomfield Hills Retail | | | | | | | | | | | | | | | | | | | | | | | | | | |
14.05 | | Mattress Distribution Center | | | | | | | | | | | | | | | | | | | | | | | | | | |
15 | | Rivercrest Realty Portfolio 2017 | | 0.000375% | | 4.599135% | | Actual/360 | | 85,267.70 | | Interest-only, Amortizing Balloon | | Actual/360 | | 120 | | 119 | | 60 | | 59 | | 360 | | 360 | | 1 |
15.01 | | Towne Centre Village Retail Center | | | | | | | | | | | | | | | | | | | | | | | | | | |
15.02 | | Hillcrest Shopping Center | | | | | | | | | | | | | | | | | | | | | | | | | | |
15.03 | | Shippensburg Shopping Center | | | | | | | | | | | | | | | | | | | | | | | | | | |
15.04 | | Callaway Commons | | | | | | | | | | | | | | | | | | | | | | | | | | |
15.05 | | Tri-Rivers Plaza | | | | | | | | | | | | | | | | | | | | | | | | | | |
15.06 | | The Alta Vista Commons | | | | | | | | | | | | | | | | | | | | | | | | | | |
16 | | 100 Ashford Center | | 0.000375% | | 4.892135% | | Actual/360 | | 83,217.64 | | Interest-only, Amortizing Balloon | | Actual/360 | | 120 | | 119 | | 60 | | 59 | | 360 | | 360 | | 1 |
17 | | 340 Bryant | | 0.000375% | | 5.658925% | | Actual/360 | | 85,086.12 | | Interest-only, Amortizing Balloon | | Actual/360 | | 120 | | 120 | | 60 | | 60 | | 360 | | 360 | | 0 |
18 | | Quail Lakes Shopping Center | | 0.000375% | | 4.673835% | | Actual/360 | | 67,876.22 | | Amortizing Balloon | | | | 120 | | 120 | | 0 | | 0 | | 360 | | 360 | | 0 |
19 | | Crystal Lake Apartments | | 0.000375% | | 4.282135% | | Actual/360 | | 45,540.93 | | Interest-only, Balloon | | Actual/360 | | 120 | | 119 | | 120 | | 119 | | 0 | | 0 | | 1 |
20 | | Empire Tower II | | 0.000375% | | 4.972135% | | Actual/360 | | 55,229.70 | | Interest-only, Amortizing Balloon | | Actual/360 | | 120 | | 119 | | 24 | | 23 | | 360 | | 360 | | 1 |
21 | | Empire Tower III | | 0.000375% | | 4.962135% | | Actual/360 | | 54,363.40 | | Interest-only, Amortizing Balloon | | Actual/360 | | 120 | | 119 | | 24 | | 23 | | 360 | | 360 | | 1 |
22 | | Center Ithaca | | 0.000375% | | 5.284135% | | Actual/360 | | 55,542.89 | | Amortizing Balloon | | | | 120 | | 120 | | 0 | | 0 | | 360 | | 360 | | 0 |
23 | | Horizon Village Square | | 0.000375% | | 5.382135% | | Actual/360 | | 45,625.00 | | Interest-only, Balloon | | Actual/360 | | 120 | | 119 | | 120 | | 119 | | 0 | | 0 | | 1 |
24 | | Haynes Furniture Store | | 0.000375% | | 5.039135% | | Actual/360 | | 56,074.26 | | Amortizing ARD | | | | 120 | | 118 | | 0 | | 0 | | 300 | | 298 | | 2 |
25 | | Hampton Inn Munster | | 0.000375% | | 5.476135% | | Actual/360 | | 52,769.37 | | Amortizing Balloon | | | | 120 | | 120 | | 0 | | 0 | | 360 | | 360 | | 0 |
26 | | North Hills Village Apartments | | 0.000375% | | 5.022135% | | Actual/360 | | 32,789.17 | | Interest-only, Balloon | | Actual/360 | | 120 | | 119 | | 120 | | 119 | | 0 | | 0 | | 1 |
27 | | East Side Plaza - LA | | 0.000375% | | 5.104635% | | Actual/360 | | 39,018.12 | | Interest-only, Amortizing Balloon | | Actual/360 | | 120 | | 119 | | 24 | | 23 | | 348 | | 348 | | 1 |
28 | | Fairfield Inn & Suites - Bend, OR | | 0.000375% | | 5.042135% | | Actual/360 | | 35,672.64 | | Amortizing Balloon | | | | 84 | | 83 | | 0 | | 0 | | 360 | | 359 | | 1 |
29 | | Lawai Cannery Self-Storage | | 0.000375% | | 4.424635% | | Actual/360 | | 24,658.62 | | Interest-only, Balloon | | Actual/360 | | 121 | | 121 | | 121 | | 121 | | 0 | | 0 | | 0 |
30 | | The Promenade Shopping Centre | | 0.000375% | | 5.144635% | | Actual/360 | | 35,251.27 | | Amortizing Balloon | | | | 120 | | 120 | | 0 | | 0 | | 300 | | 300 | | 0 |
31 | | StoreSmart Conway | | 0.000375% | | 5.464335% | | Actual/360 | | 27,200.29 | | Amortizing Balloon | | | | 120 | | 118 | | 0 | | 0 | | 360 | | 358 | | 2 |
32 | | SPS - Gaithersburg | | 0.000375% | | 4.642135% | | Actual/360 | | 24,366.35 | | Interest-only, Amortizing Balloon | | Actual/360 | | 120 | | 120 | | 36 | | 36 | | 360 | | 360 | | 0 |
33 | | CT Storage Outlet Pomona | | 0.000375% | | 4.802135% | | Actual/360 | | 29,252.37 | | Amortizing Balloon | | | | 120 | | 118 | | 0 | | 0 | | 240 | | 238 | | 2 |
34 | | Shops at The Artisan | | 0.000375% | | 4.922135% | | Actual/360 | | 12,521.53 | | Interest-only, Balloon | | Actual/360 | | 120 | | 120 | | 120 | | 120 | | 0 | | 0 | | 0 |
35 | | The Milliken Building | | 0.000375% | | 5.002135% | | Actual/360 | | 18,509.71 | | Amortizing Balloon | | | | 120 | | 120 | | 0 | | 0 | | 240 | | 240 | | 0 |
36 | | South Houston Self Storage | | 0.000375% | | 5.342135% | | Actual/360 | | 11,739.77 | | Amortizing Balloon | | | | 120 | | 118 | | 0 | | 0 | | 360 | | 358 | | 2 |
37 | | Snellville Place | | 0.000375% | | 5.282135% | | Actual/360 | | 11,522.57 | | Amortizing Balloon | | | | 120 | | 120 | | 0 | | 0 | | 360 | | 360 | | 0 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Mortgage Loan Number | | Property Name | | Prepayment Provisions | | Grace Period Default (Days) | | Grace Period Late (Days) (4) | | Appraised Value ($) (5) | | Appraisal Date | | Coop -Rental Value | | Coop - LTV as Rental | | Coop - Unsold Percent | | Coop - Sponsor Units | | Coop - Investor Units | | Coop - Units | | Coop - Sponsor Carry | | Coop - Committed Secondary Debt | | U/W NOI DSCR (x) (6) |
1 | | 123 William Street | | GRTR 1% or YM(24),GRTR 1% or YM or D(92),O(4) | | 0 | | 0 | | 290,000,000 | | 2/1/2017 | | | | | | | | | | | | | | | | | | 1.77 |
2 | | The Davenport | | L(25),D(90),O(5) | | 0 | | 5 | | 214,000,000 | | 11/1/2018 | | | | | | | | | | | | | | | | | | 2.01 |
3 | | Center West | | L(24),GRTR 2% or YM(92),O(4) | | 0 | | 5 | | 209,000,000 | | 10/20/2016 | | | | | | | | | | | | | | | | | | 2.15 |
4 | | KOMO Plaza | | L(26),D(90),O(4) | | 0 | | 5 | | 278,000,000 | | 10/26/2016 | | | | | | | | | | | | | | | | | | 2.59 |
5 | | Santa Rosa Office Portfolio | | L(25),D(90),O(5) | | 0 | | 0 | | 46,200,000 | | 1/3/2017 | | | | | | | | | | | | | | | | | | 1.69 |
5.01 | | 100-120 Stony Point Road | | | | | | | | 27,750,000 | | 1/3/2017 | | | | | | | | | | | | | | | | | | |
5.02 | | 131 Stony Circle | | | | | | | | 9,000,000 | | 1/3/2017 | | | | | | | | | | | | | | | | | | |
5.03 | | 3333 Mendocino Avenue | | | | | | | | 6,150,000 | | 1/3/2017 | | | | | | | | | | | | | | | | | | |
5.04 | | 70 Stony Point Road | | | | | | | | 3,300,000 | | 1/3/2017 | | | | | | | | | | | | | | | | | | |
6 | | IPCC Texas Self Storage Portfolio | | L(24),GRTR 1% or YM(92),O(4) | | 0 | | 0 | | 54,500,000 | | 10/28/2016 | | | | | | | | | | | | | | | | | | 1.65 |
6.01 | | Coulter | | | | | | | | 8,230,000 | | 10/28/2016 | | | | | | | | | | | | | | | | | | |
6.02 | | Lubbock | | | | | | | | 7,850,000 | | 10/28/2016 | | | | | | | | | | | | | | | | | | |
6.03 | | Paramount | | | | | | | | 6,190,000 | | 10/28/2016 | | | | | | | | | | | | | | | | | | |
6.04 | | Tradewinds | | | | | | | | 6,080,000 | | 10/28/2016 | | | | | | | | | | | | | | | | | | |
6.05 | | AA 45th | | | | | | | | 6,590,000 | | 10/28/2016 | | | | | | | | | | | | | | | | | | |
6.06 | | Quail Creek | | | | | | | | 5,720,000 | | 10/28/2016 | | | | | | | | | | | | | | | | | | |
6.07 | | West 34th | | | | | | | | 5,110,000 | | 10/28/2016 | | | | | | | | | | | | | | | | | | |
6.08 | | Bell Street | | | | | | | | 4,710,000 | | 10/28/2016 | | | | | | | | | | | | | | | | | | |
6.09 | | Plainview | | | | | | | | 4,020,000 | | 10/28/2016 | | | | | | | | | | | | | | | | | | |
7 | | ExchangeRight Net Leased Portfolio 15 | | L(24),D(93),O(4) | | 0 | | 0 | | 52,025,000 | | Various | | | | | | | | | | | | | | | | | | 2.15 |
7.01 | | Hobby Lobby - Brunswick, GA | | | | | | | | 6,950,000 | | 2/15/2017 | | | | | | | | | | | | | | | | | | |
7.02 | | Goodwill - Skokie, IL | | | | | | | | 6,600,000 | | 11/2/2016 | | | | | | | | | | | | | | | | | | |
7.03 | | CVS Pharmacy - Bolingbrook, IL | | | | | | | | 5,900,000 | | 2/4/2017 | | | | | | | | | | | | | | | | | | |
7.04 | | Walgreens - Independence, MO | | | | | | | | 4,900,000 | | 12/1/2016 | | | | | | | | | | | | | | | | | | |
7.05 | | Indianapolis Osteopathic Hospital, Inc | | | | | | | | 4,650,000 | | 2/8/2017 | | | | | | | | | | | | | | | | | | |
7.06 | | Walgreens - Arlington, TX | | | | | | | | 4,300,000 | | 2/1/2017 | | | | | | | | | | | | | | | | | | |
7.07 | | Fresenius Medical Care - St. Louis, MO | | | | | | | | 3,700,000 | | 2/7/2017 | | | | | | | | | | | | | | | | | | |
7.08 | | Advance Auto Parts - Mokena, IL | | | | | | | | 2,300,000 | | 2/4/2017 | | | | | | | | | | | | | | | | | | |
7.09 | | Advance Auto Parts - Norcross, GA | | | | | | | | 2,100,000 | | 2/9/2017 | | | | | | | | | | | | | | | | | | |
7.10 | | Dollar General - Gadsden, AL | | | | | | | | 1,800,000 | | 1/23/2017 | | | | | | | | | | | | | | | | | | |
7.11 | | Dollar General - Saint Amant, LA | | | | | | | | 1,700,000 | | 2/5/2017 | | | | | | | | | | | | | | | | | | |
7.12 | | Dollar General - Hammond, LA | | | | | | | | 1,650,000 | | 2/5/2017 | | | | | | | | | | | | | | | | | | |
7.13 | | Dollar General - Baton Rouge, LA | | | | | | | | 1,500,000 | | 2/5/2017 | | | | | | | | | | | | | | | | | | |
7.14 | | Dollar General - Sugar Creek, MO | | | | | | | | 1,375,000 | | 12/7/2016 | | | | | | | | | | | | | | | | | | |
7.15 | | Dollar General - Goshen, IN | | | | | | | | 1,400,000 | | 2/4/2017 | | | | | | | | | | | | | | | | | | |
7.16 | | Family Dollar - Baton Rouge, LA | | | | | | | | 1,200,000 | | 2/5/2017 | | | | | | | | | | | | | | | | | | |
8 | | 1166 Avenue of the Americas | | L(25),D(88),O(7) | | 0 | | 0 | | 225,000,000 | | 1/1/2017 | | | | | | | | | | | | | | | | | | 1.90 |
9 | | Hotel Wilshire | | L(24),D(92),O(4) | | 0 | | 5 | | 40,000,000 | | 12/22/2016 | | | | | | | | | | | | | | | | | | 1.88 |
10 | | Anaheim Marriott Suites | | L(25),D(91),O(4) | | 0 | | 0 | | 83,000,000 | | 12/5/2016 | | | | | | | | | | | | | | | | | | 1.90 |
11 | | The Summit Birmingham | | L(26),D(87),O(7) | | 0 | | 0 | | 383,000,000 | | 11/7/2016 | | | | | | | | | | | | | | | | | | 1.80 |
12 | | Connecticut Financial Center | | L(25),D(90),O(5) | | 0 | | 0 | | 70,000,000 | | 12/27/2016 | | | | | | | | | | | | | | | | | | 2.45 |
13 | | Merrill Lynch Drive | | GRTR 0.5% or YM(56),O(4) | | 0 | | 5 | | 153,000,000 | | 1/3/2017 | | | | | | | | | | | | | | | | | | 2.97 |
14 | | Art Van Portfolio | | L(24),D(89),O(7) | | 0 | | 0 | | 100,850,000 | | Various | | | | | | | | | | | | | | | | | | 1.57 |
14.01 | | Warren Distribution Center | | | | | | | | 57,000,000 | | 1/30/2017 | | | | | | | | | | | | | | | | | | |
14.02 | | Comstock Park Retail | | | | | | | | 16,300,000 | | 1/27/2017 | | | | | | | | | | | | | | | | | | |
14.03 | | Grand Rapids Retail | | | | | | | | 13,400,000 | | 1/27/2017 | | | | | | | | | | | | | | | | | | |
14.04 | | Bloomfield Hills Retail | | | | | | | | 7,800,000 | | 1/31/2017 | | | | | | | | | | | | | | | | | | |
14.05 | | Mattress Distribution Center | | | | | | | | 6,350,000 | | 1/31/2017 | | | | | | | | | | | | | | | | | | |
15 | | Rivercrest Realty Portfolio 2017 | | L(25),D(90),O(5) | | 0 | | 0 | | 24,900,000 | | Various | | | | | | | | | | | | | | | | | | 2.07 |
15.01 | | Towne Centre Village Retail Center | | | | | | | | 7,050,000 | | 12/22/2016 | | | | | | | | | | | | | | | | | | |
15.02 | | Hillcrest Shopping Center | | | | | | | | 4,450,000 | | 12/26/2016 | | | | | | | | | | | | | | | | | | |
15.03 | | Shippensburg Shopping Center | | | | | | | | 3,800,000 | | 12/19/2016 | | | | | | | | | | | | | | | | | | |
15.04 | | Callaway Commons | | | | | | | | 3,900,000 | | 12/22/2016 | | | | | | | | | | | | | | | | | | |
15.05 | | Tri-Rivers Plaza | | | | | | | | 3,300,000 | | 12/22/2016 | | | | | | | | | | | | | | | | | | |
15.06 | | The Alta Vista Commons | | | | | | | | 2,400,000 | | 12/22/2016 | | | | | | | | | | | | | | | | | | |
16 | | 100 Ashford Center | | L(24),GRTR 1% or YM(92),O(4) | | 0 | | 0 | | 22,500,000 | | 1/4/2017 | | | | | | | | | | | | | | | | | | 1.65 |
17 | | 340 Bryant | | L(24),D(90),O(6) | | 0 | | 0 | | 52,000,000 | | 1/9/2017 | | | | | | | | | | | | | | | | | | 1.47 |
18 | | Quail Lakes Shopping Center | | L(24),D(92),O(4) | | 0 | | 5, no more than once in any 12 month period | | 21,700,000 | | 1/9/2017 | | | | | | | | | | | | | | | | | | 1.75 |
19 | | Crystal Lake Apartments | | L(25),D(91),O(4) | | 0 | | 0 | | 20,100,000 | | 12/16/2016 | | | | | | | | | | | | | | | | | | 2.38 |
20 | | Empire Tower II | | L(25),GRTR 1% or YM(91),O(4) | | 0 | | 0 | | 15,680,000 | | 11/10/2016 | | | | | | | | | | | | | | | | | | 1.46 |
21 | | Empire Tower III | | L(25),GRTR 1% or YM(91),O(4) | | 0 | | 0 | | 15,400,000 | | 11/10/2016 | | | | | | | | | | | | | | | | | | 1.55 |
22 | | Center Ithaca | | L(24),D(92),O(4) | | 0 | | 0 | | 15,850,000 | | 10/6/2016 | | | | | | | | | | | | | | | | | | 1.45 |
23 | | Horizon Village Square | | L(25),D(91),O(4) | | 0 | | 0 | | 15,600,000 | | 10/24/2016 | | | | | | | | | | | | | | | | | | 1.82 |
24 | | Haynes Furniture Store | | L(26),D(89),O(5) | | 5 | | 5 | | 17,450,000 | | 11/10/2016 | | | | | | | | | | | | | | | | | | 2.17 |
25 | | Hampton Inn Munster | | L(24),D(92),O(4) | | 0 | | 0 | | 14,300,000 | | 12/22/2016 | | | | | | | | | | | | | | | | | | 1.81 |
26 | | North Hills Village Apartments | | L(25),D(91),O(4) | | 0 | | 0 | | 15,100,000 | | 1/4/2017 | | | | | | | | | | | | | | | | | | 2.31 |
27 | | East Side Plaza - LA | | L(25),D(91),O(4) | | 0 | | 0 | | 10,250,000 | | 1/9/2017 | | | | | | | | | | | | | | | | | | 1.76 |
28 | | Fairfield Inn & Suites - Bend, OR | | L(25),GRTR 1% or YM or D(52),O(7) | | 0 | | 5 | | 13,600,000 | | 12/22/2017 | | | | | | | | | | | | | | | | | | 2.95 |
29 | | Lawai Cannery Self-Storage | | L(61),GRTR 1% or YM(48),O(12) | | 0 | | 0 | | 17,000,000 | | 12/3/2016 | | | | | | | | | | | | | | | | | | 3.76 |
30 | | The Promenade Shopping Centre | | L(24),D(92),O(4) | | 0 | | 0 | | 8,550,000 | | 1/15/2017 | | | | | | | | | | | | | | | | | | 1.66 |
31 | | StoreSmart Conway | | L(26),D(90),O(4) | | 0 | | 0 | | 8,180,000 | | 8/28/2016 | | | | | | | | | | | | | | | | | | 1.36 |
32 | | SPS - Gaithersburg | | L(24),GRTR 1% or YM or D(89),O(7) | | 0 | | 0 | | 8,975,000 | | 1/10/2017 | | | | | | | | | | | | | | | | | | 1.67 |
33 | | CT Storage Outlet Pomona | | L(26),D(81),O(13) | | 0 | | 5 | | 8,850,000 | | 11/16/2016 | | | | | | | | | | | | | | | | | | 1.83 |
34 | | Shops at The Artisan | | L(24),D(92),O(4) | | 5 | | 5 | | 5,100,000 | | 1/12/2017 | | | | | | | | | | | | | | | | | | 2.14 |
35 | | The Milliken Building | | L(24),D(92),O(4) | | 0 | | 0 | | 7,100,000 | | 1/23/2017 | | | | | | | | | | | | | | | | | | 2.21 |
36 | | South Houston Self Storage | | L(26),D(90),O(4) | | 0 | | 0 | | 3,500,000 | | 11/17/2016 | | | | | | | | | | | | | | | | | | 1.77 |
37 | | Snellville Place | | L(24),D(92),O(4) | | 0 | | 0 | | 3,025,000 | | 1/10/2017 | | | | | | | | | | | | | | | | | | 1.52 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Mortgage Loan Number | | Property Name | | U/W NCF DSCR (x) (6) | | Cut-off Date LTV Ratio (5) (6) | | LTV Ratio at Maturity or ARD (5) (6) | | Cut-off Date U/W NOI Debt Yield (6) | | Cut-off Date U/W NCF Debt Yield (6) | | U/W Revenues ($) (7) | | U/W Expenses ($) | | U/W Net Operating Income ($) | | U/W Replacement ($) | | U/W TI/LC ($) | | U/W Net Cash Flow ($) | | Occupancy Rate (8) | | Occupancy as-of Date | | U/W Hotel ADR | | U/W Hotel RevPAR | | Most Recent Period (9) |
1 | | 123 William Street | | 1.56 | | 48.3% | | 48.3% | | 8.4% | | 7.4% | | 22,111,086 | | 10,391,444 | | 11,719,642 | | 109,043 | | 1,269,897 | | 10,340,702 | | 91.7% | | 1/31/2017 | | | | | | Actual 2016 |
2 | | The Davenport | | 1.86 | | 49.1% | | 49.1% | | 8.6% | | 8.0% | | 13,321,827 | | 4,276,442 | | 9,045,386 | | 46,173 | | 630,441 | | 8,368,772 | | 93.2% | | 1/31/2017 | | | | | | Annualized 11 11/30/2016 |
3 | | Center West | | 1.94 | | 38.3% | | 38.3% | | 9.7% | | 8.7% | | 13,841,932 | | 6,099,920 | | 7,742,012 | | 69,860 | | 681,519 | | 6,990,633 | | 57.1% | | 11/2/2016 | | | | | | TTM 8/31/2016 |
4 | | KOMO Plaza | | 2.47 | | 50.0% | | 50.0% | | 11.3% | | 10.8% | | 22,049,734 | | 6,350,267 | | 15,699,467 | | 58,230 | | 657,796 | | 14,983,440 | | 91.1% | | 9/30/2016 | | | | | | TTM 10/31/2016 |
5 | | Santa Rosa Office Portfolio | | 1.44 | | 69.0% | | 60.6% | | 10.4% | | 8.8% | | 6,343,231 | | 3,033,656 | | 3,309,575 | | 175,171 | | 314,694 | | 2,819,710 | | 86.4% | | 1/1/2017 | | | | | | Actual 2016 |
5.01 | | 100-120 Stony Point Road | | | | | | | | | | | | 3,690,667 | | 1,734,901 | | 1,955,767 | | 93,988 | | 206,389 | | 1,655,390 | | 85.5% | | 1/1/2017 | | | | | | Actual 2016 |
5.02 | | 131 Stony Circle | | | | | | | | | | | | 1,404,054 | | 760,515 | | 643,538 | | 60,041 | | 87,762 | | 495,735 | | 87.5% | | 1/1/2017 | | | | | | Actual 2016 |
5.03 | | 3333 Mendocino Avenue | | | | | | | | | | | | 810,283 | | 338,845 | | 471,438 | | 9,363 | | 0 | | 462,076 | | 88.7% | | 1/1/2017 | | | | | | Actual 2016 |
5.04 | | 70 Stony Point Road | | | | | | | | | | | | 438,226 | | 199,395 | | 238,832 | | 11,780 | | 20,543 | | 206,509 | | 86.4% | | 1/1/2017 | | | | | | Actual 2016 |
6 | | IPCC Texas Self Storage Portfolio | | 1.62 | | 57.8% | | 53.3% | | 10.6% | | 10.3% | | 5,166,920 | | 1,840,770 | | 3,326,150 | | 74,870 | | 0 | | 3,251,280 | | 79.4% | | 1/31/2017 | | | | | | Actual 2016 |
6.01 | | Coulter | | | | | | | | | | | | 802,353 | | 250,917 | | 551,436 | | 10,238 | | 0 | | 541,198 | | 83.0% | | 1/31/2017 | | | | | | Actual 2016 |
6.02 | | Lubbock | | | | | | | | | | | | 644,786 | | 234,323 | | 410,463 | | 7,731 | | 0 | | 402,732 | | 71.0% | | 1/31/2017 | | | | | | Actual 2016 |
6.03 | | Paramount | | | | | | | | | | | | 633,971 | | 252,995 | | 380,976 | | 6,504 | | 0 | | 374,472 | | 86.5% | | 1/31/2017 | | | | | | Actual 2016 |
6.04 | | Tradewinds | | | | | | | | | | | | 545,500 | | 198,472 | | 347,028 | | 10,324 | | 0 | | 336,704 | | 72.0% | | 1/31/2017 | | | | | | Actual 2016 |
6.05 | | AA 45th | | | | | | | | | | | | 585,701 | | 182,213 | | 403,487 | | 15,649 | | 0 | | 387,838 | | 75.2% | | 1/31/2017 | | | | | | Actual 2016 |
6.06 | | Quail Creek | | | | | | | | | | | | 486,801 | | 188,700 | | 298,101 | | 6,230 | | 0 | | 291,871 | | 82.4% | | 1/31/2017 | | | | | | Actual 2016 |
6.07 | | West 34th | | | | | | | | | | | | 501,744 | | 174,858 | | 326,886 | | 6,078 | | 0 | | 320,809 | | 83.2% | | 1/31/2017 | | | | | | Actual 2016 |
6.08 | | Bell Street | | | | | | | | | | | | 480,671 | | 172,891 | | 307,780 | | 5,363 | | 0 | | 302,417 | | 85.2% | | 1/31/2017 | | | | | | Actual 2016 |
6.09 | | Plainview | | | | | | | | | | | | 485,393 | | 185,400 | | 299,993 | | 6,754 | | 0 | | 293,240 | | 82.9% | | 1/31/2017 | | | | | | Actual 2016 |
7 | | ExchangeRight Net Leased Portfolio 15 | | 2.09 | | 60.0% | | 60.0% | | 9.6% | | 9.3% | | 3,440,805 | | 458,133 | | 2,982,672 | | 24,973 | | 67,549 | | 2,890,150 | | 100.0% | | 3/1/2017 | | | | | | NAV |
7.01 | | Hobby Lobby - Brunswick, GA | | | | | | | | | | | | 386,119 | | 18,356 | | 367,762 | | 8,250 | | 21,248 | | 338,264 | | 100.0% | | 3/1/2017 | | | | | | NAV |
7.02 | | Goodwill - Skokie, IL | | | | | | | | | | | | 528,448 | | 175,593 | | 352,855 | | 3,128 | | 19,553 | | 330,174 | | 100.0% | | 3/1/2017 | | | | | | NAV |
7.03 | | CVS Pharmacy - Bolingbrook, IL | | | | | | | | | | | | 400,197 | | 69,019 | | 331,178 | | 1,952 | | 0 | | 329,226 | | 100.0% | | 3/1/2017 | | | | | | NAV |
7.04 | | Walgreens - Independence, MO | | | | | | | | | | | | 311,594 | | 9,847 | | 301,747 | | 3,780 | | 0 | | 297,967 | | 100.0% | | 3/1/2017 | | | | | | NAV |
7.05 | | Indianapolis Osteopathic Hospital, Inc | | | | | | | | | | | | 297,833 | | 45,071 | | 252,762 | | 2,266 | | 13,752 | | 236,744 | | 100.0% | | 3/1/2017 | | | | | | NAV |
7.06 | | Walgreens - Arlington, TX | | | | | | | | | | | | 254,566 | | 10,157 | | 244,410 | | 2,086 | | 0 | | 242,324 | | 100.0% | | 3/1/2017 | | | | | | NAV |
7.07 | | Fresenius Medical Care - St. Louis, MO | | | | | | | | | | | | 219,949 | | 8,640 | | 211,310 | | 1,125 | | 8,410 | | 201,775 | | 100.0% | | 3/1/2017 | | | | | | NAV |
7.08 | | Advance Auto Parts - Mokena, IL | | | | | | | | | | | | 168,484 | | 33,478 | | 135,006 | | 0 | | 0 | | 135,006 | | 100.0% | | 3/1/2017 | | | | | | NAV |
7.09 | | Advance Auto Parts - Norcross, GA | | | | | | | | | | | | 145,280 | | 16,497 | | 128,783 | | 1,050 | | 0 | | 127,733 | | 100.0% | | 3/1/2017 | | | | | | NAV |
7.10 | | Dollar General - Gadsden, AL | | | | | | | | | | | | 124,129 | | 8,814 | | 115,315 | | 0 | | 0 | | 115,315 | | 100.0% | | 3/1/2017 | | | | | | NAV |
7.11 | | Dollar General - Saint Amant, LA | | | | | | | | | | | | 107,527 | | 6,586 | | 100,940 | | 0 | | 0 | | 100,940 | | 100.0% | | 3/1/2017 | | | | | | NAV |
7.12 | | Dollar General - Hammond, LA | | | | | | | | | | | | 113,874 | | 12,696 | | 101,178 | | 0 | | 0 | | 101,178 | | 100.0% | | 3/1/2017 | | | | | | NAV |
7.13 | | Dollar General - Baton Rouge, LA | | | | | | | | | | | | 106,723 | | 13,500 | | 93,223 | | 0 | | 0 | | 93,223 | | 100.0% | | 3/1/2017 | | | | | | NAV |
7.14 | | Dollar General - Sugar Creek, MO | | | | | | | | | | | | 95,969 | | 7,725 | | 88,244 | | 1,336 | | 0 | | 86,908 | | 100.0% | | 3/1/2017 | | | | | | NAV |
7.15 | | Dollar General - Goshen, IN | | | | | | | | | | | | 103,030 | | 18,642 | | 84,388 | | 0 | | 0 | | 84,388 | | 100.0% | | 3/1/2017 | | | | | | NAV |
7.16 | | Family Dollar - Baton Rouge, LA | | | | | | | | | | | | 77,084 | | 3,513 | | 73,571 | | 0 | | 4,586 | | 68,985 | | 100.0% | | 3/1/2017 | | | | | | NAV |
8 | | 1166 Avenue of the Americas | | 1.79 | | 37.8% | | 37.8% | | 10.2% | | 9.6% | | 14,201,718 | | 5,559,507 | | 8,642,211 | | 19,538 | | 470,730 | | 8,151,944 | | 91.5% | | 1/24/2017 | | | | | | TTM 10/31/2016 |
9 | | Hotel Wilshire | | 1.71 | | 64.5% | | 59.4% | | 11.9% | | 10.8% | | 7,198,705 | | 4,119,740 | | 3,078,965 | | 287,948 | | 0 | | 2,791,017 | | 89.2% | | 12/31/2016 | | 276 | | 246 | | Actual 2016 |
10 | | Anaheim Marriott Suites | | 1.62 | | 65.1% | | 60.3% | | 12.8% | | 10.9% | | 20,320,665 | | 13,418,469 | | 6,902,196 | | 1,015,489 | | 0 | | 5,886,707 | | 88.2% | | 12/31/2016 | | 131 | | 115 | | Actual 2016 |
11 | | The Summit Birmingham | | 1.68 | | 54.3% | | 54.3% | | 8.7% | | 8.1% | | 24,205,097 | | 6,134,767 | | 18,070,330 | | 112,991 | | 1,073,437 | | 16,883,902 | | 98.5% | | 12/14/2016 | | | | | | Actual 2016 |
12 | | Connecticut Financial Center | | 1.95 | | 64.9% | | 53.1% | | 15.4% | | 12.3% | | 14,291,406 | | 7,284,556 | | 7,006,849 | | 70,538 | | 1,339,944 | | 5,596,368 | | 84.1% | | 1/1/2017 | | | | | | Actual 2016 |
13 | | Merrill Lynch Drive | | 2.95 | | 67.7% | | 67.7% | | 11.8% | | 11.7% | | 12,496,038 | | 249,921 | | 12,246,117 | | 83,076 | | 0 | | 12,163,041 | | 100.0% | | 3/1/2017 | | | | | | NAV |
14 | | Art Van Portfolio | | 1.47 | | 68.2% | | 58.9% | | 10.1% | | 9.4% | | 7,134,388 | | 214,032 | | 6,920,356 | | 185,242 | | 243,737 | | 6,491,378 | | 100.0% | | 3/1/2017 | | | | | | NAV |
14.01 | | Warren Distribution Center | | | | | | | | | | | | 3,978,976 | | 119,369 | | 3,859,607 | | 105,689 | | 97,133 | | 3,656,785 | | 100.0% | | 3/1/2017 | | | | | | NAV |
14.02 | | Comstock Park Retail | | | | | | | | | | | | 1,178,427 | | 35,353 | | 1,143,074 | | 25,355 | | 54,147 | | 1,063,572 | | 100.0% | | 3/1/2017 | | | | | | NAV |
14.03 | | Grand Rapids Retail | | | | | | | | | | | | 968,421 | | 29,053 | | 939,369 | | 23,888 | | 44,492 | | 870,988 | | 100.0% | | 3/1/2017 | | | | | | NAV |
14.04 | | Bloomfield Hills Retail | | | | | | | | | | | | 566,984 | | 17,010 | | 549,974 | | 17,407 | | 26,056 | | 506,512 | | 100.0% | | 3/1/2017 | | | | | | NAV |
14.05 | | Mattress Distribution Center | | | | | | | | | | | | 441,580 | | 13,247 | | 428,333 | | 12,902 | | 21,909 | | 393,521 | | 100.0% | | 3/1/2017 | | | | | | NAV |
15 | | Rivercrest Realty Portfolio 2017 | | 1.86 | | 66.7% | | 61.1% | | 12.7% | | 11.4% | | 2,820,074 | | 704,207 | | 2,115,867 | | 37,178 | | 179,814 | | 1,898,875 | | 92.9% | | 2/1/2017 | | | | | | Various |
15.01 | | Towne Centre Village Retail Center | | | | | | | | | | | | 733,524 | | 193,420 | | 540,104 | | 5,040 | | 28,555 | | 506,508 | | 100.0% | | 2/1/2017 | | | | | | Annualized 9 7/31/2016 |
15.02 | | Hillcrest Shopping Center | | | | | | | | | | | | 462,439 | | 81,745 | | 380,695 | | 4,881 | | 26,656 | | 349,157 | | 85.6% | | 2/1/2017 | | | | | | Annualized 9 9/30/2016 |
15.03 | | Shippensburg Shopping Center | | | | | | | | | | | | 527,372 | | 151,693 | | 375,680 | | 10,204 | | 36,823 | | 328,653 | | 87.8% | | 2/1/2017 | | | | | | TTM 9/30/2016 |
15.04 | | Callaway Commons | | | | | | | | | | | | 484,686 | | 152,847 | | 331,838 | | 4,448 | | 32,782 | | 294,609 | | 100.0% | | 2/1/2017 | | | | | | Annualized 7 7/31/2016 |
15.05 | | Tri-Rivers Plaza | | | | | | | | | | | | 333,021 | | 61,130 | | 271,891 | | 3,660 | | 19,263 | | 248,968 | | 100.0% | | 2/1/2017 | | | | | | Annualized 9 9/30/2016 |
15.06 | | The Alta Vista Commons | | | | | | | | | | | | 279,033 | | 63,372 | | 215,660 | | 8,945 | | 35,735 | | 170,981 | | 85.1% | | 2/1/2017 | | | | | | Annualized 3 3/31/2016 |
16 | | 100 Ashford Center | | 1.45 | | 69.6% | | 64.1% | | 10.5% | | 9.2% | | 3,152,285 | | 1,503,012 | | 1,649,273 | | 38,958 | | 163,134 | | 1,447,181 | | 92.1% | | 12/31/2016 | | | | | | TTM 11/30/2016 |
17 | | 340 Bryant | | 1.43 | | 59.0% | | 55.0% | | 10.2% | | 10.0% | | 4,393,984 | | 1,261,563 | | 3,132,422 | | 12,454 | | 62,270 | | 3,057,698 | | 100.0% | | 2/8/2017 | | | | | | Actual 2016 |
18 | | Quail Lakes Shopping Center | | 1.60 | | 60.4% | | 49.1% | | 10.9% | | 10.0% | | 2,142,183 | | 720,718 | | 1,421,465 | | 28,080 | | 86,765 | | 1,306,620 | | 96.8% | | 2/16/2017 | | | | | | Actual 2016 |
19 | | Crystal Lake Apartments | | 2.27 | | 62.4% | | 62.4% | | 10.4% | | 9.9% | | 2,373,355 | | 1,075,089 | | 1,298,266 | | 56,000 | | 0 | | 1,242,266 | | 96.4% | | 1/11/2017 | | | | | | TTM 10/31/2016 |
20 | | Empire Tower II | | 1.31 | | 65.7% | | 56.8% | | 9.4% | | 8.4% | | 1,578,379 | | 612,098 | | 966,280 | | 14,008 | | 83,417 | | 868,856 | | 96.3% | | 12/15/2016 | | | | | | Actual 2016 |
21 | | Empire Tower III | | 1.42 | | 65.9% | | 57.0% | | 10.0% | | 9.1% | | 1,705,796 | | 691,597 | | 1,014,199 | | 15,043 | | 75,917 | | 923,238 | | 100.0% | | 12/15/2016 | | | | | | Actual 2016 |
22 | | Center Ithaca | | 1.36 | | 63.1% | | 52.4% | | 9.6% | | 9.1% | | 1,664,973 | | 700,619 | | 964,353 | | 24,896 | | 33,391 | | 906,067 | | 92.2% | | 3/3/2017 | | | | | | TTM 1/31/2017 |
23 | | Horizon Village Square | | 1.69 | | 64.1% | | 64.1% | | 10.0% | | 9.2% | | 1,364,445 | | 365,568 | | 998,877 | | 10,290 | | 64,313 | | 924,274 | | 92.0% | | 12/1/2016 | | | | | | TTM 9/30/2016 |
24 | | Haynes Furniture Store | | 2.11 | | 54.3% | | 40.8% | | 15.5% | | 15.0% | | 2,187,525 | | 724,524 | | 1,463,001 | | 42,084 | | 0 | | 1,420,918 | | 100.0% | | 3/1/2017 | | | | | | TTM 9/30/2016 |
25 | | Hampton Inn Munster | | 1.60 | | 65.0% | | 54.3% | | 12.4% | | 10.9% | | 3,358,115 | | 2,209,343 | | 1,148,773 | | 134,325 | | 0 | | 1,014,448 | | 80.2% | | 12/31/2016 | | 124 | | 99 | | Actual 2016 |
26 | | North Hills Village Apartments | | 2.19 | | 51.0% | | 51.0% | | 11.8% | | 11.2% | | 1,719,025 | | 808,475 | | 910,550 | | 50,318 | | 0 | | 860,232 | | 99.4% | | 12/21/2016 | | | | | | Actual 2016 |
27 | | East Side Plaza - LA | | 1.57 | | 68.5% | | 58.9% | | 11.7% | | 10.5% | | 1,223,853 | | 401,060 | | 822,793 | | 15,752 | | 73,173 | | 733,867 | | 88.0% | | 1/1/2017 | | | | | | Actual 2016 |
28 | | Fairfield Inn & Suites - Bend, OR | | 2.64 | | 48.5% | | 43.0% | | 19.2% | | 17.2% | | 3,307,613 | | 2,043,074 | | 1,264,539 | | 132,305 | | 0 | | 1,132,234 | | 82.3% | | 1/31/2017 | | 147 | | 111 | | TTM 1/31/2017 |
29 | | Lawai Cannery Self-Storage | | 3.70 | | 38.2% | | 38.2% | | 17.1% | | 16.8% | | 1,475,698 | | 362,289 | | 1,113,408 | | 18,981 | | 0 | | 1,094,428 | | 86.9% | | 11/28/2016 | | | | | | TTM 10/31/2016 |
30 | | The Promenade Shopping Centre | | 1.47 | | 69.0% | | 52.0% | | 11.9% | | 10.5% | | 1,061,158 | | 358,267 | | 702,892 | | 14,255 | | 67,846 | | 620,791 | | 84.7% | | 1/1/2017 | | | | | | Actual 2016 |
31 | | StoreSmart Conway | | 1.34 | | 58.5% | | 49.0% | | 9.3% | | 9.1% | | 687,549 | | 243,619 | | 443,930 | | 7,723 | | 0 | | 436,208 | | 70.0% | | 1/31/2017 | | | | | | TTM 1/31/2017 |
32 | | SPS - Gaithersburg | | 1.64 | | 52.6% | | 46.2% | | 10.3% | | 10.2% | | 823,131 | | 334,973 | | 488,158 | | 8,250 | | 0 | | 479,908 | | 83.9% | | 11/30/2016 | | | | | | TTM 11/30/2016 |
33 | | CT Storage Outlet Pomona | | 1.79 | | 50.6% | | 31.8% | | 14.4% | | 14.0% | | 1,189,794 | | 546,146 | | 643,648 | | 15,039 | | 0 | | 628,609 | | 88.2% | | 12/12/2016 | | | | | | Actual 2016 |
34 | | Shops at The Artisan | | 2.02 | | 58.8% | | 58.8% | | 10.7% | | 10.1% | | 463,260 | | 141,032 | | 322,228 | | 2,172 | | 16,294 | | 303,761 | | 100.0% | | 2/1/2017 | | | | | | Actual 2016 |
35 | | The Milliken Building | | 2.06 | | 39.4% | | 24.9% | | 17.6% | | 16.4% | | 517,715 | | 25,997 | | 491,719 | | 10,246 | | 23,264 | | 458,209 | | 100.0% | | 3/1/2017 | | | | | | Actual 2016 |
36 | | South Houston Self Storage | | 1.69 | | 59.9% | | 49.9% | | 11.9% | | 11.4% | | 485,521 | | 235,858 | | 249,663 | | 11,696 | | 0 | | 237,967 | | 88.7% | | 12/15/2016 | | | | | | Actual 2016 |
37 | | Snellville Place | | 1.42 | | 68.6% | | 56.9% | | 10.1% | | 9.5% | | 281,015 | | 71,286 | | 209,729 | | 2,810 | | 10,437 | | 196,482 | | 100.0% | | 2/21/2017 | | | | | | Actual 2016 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Mortgage Loan Number | | Property Name | | Most Recent Revenues ($) | | Most Recent Expenses ($) | | Most Recent NOI ($) | | Most Recent Capital Expenditures | | Most Recent NCF ($) | | Most Recent Hotel ADR | | Most Recent Hotel RevPAR | | Second Most Recent Period | | Second Most Recent Revenues ($) | | Second Most Recent Expenses ($) | | Second Most Recent NOI ($) | | Second Most Recent Capital Expenditures | | Second Most Recent NCF ($) | | Second Most Recent Hotel ADR | | Second Most Recent Hotel RevPAR | | Third Most Recent Period | | Third Most Recent Revenues ($) |
1 | | 123 William Street | | 19,744,372 | | 10,265,603 | | 9,478,769 | | 0 | | 9,478,769 | | | | | | Actual 2015 | | 13,841,425 | | 8,896,462 | | 4,944,963 | | 0 | | 4,944,963 | | | | | | Actual 2014 | | 11,300,309 |
2 | | The Davenport | | 9,865,147 | | 4,014,999 | | 5,850,147 | | 0 | | 5,850,147 | | | | | | Actual 2015 | | 10,396,300 | | 4,310,355 | | 6,085,945 | | 0 | | 6,085,945 | | | | | | NAV | | NAV |
3 | | Center West | | 13,076,932 | | 5,912,256 | | 7,164,676 | | 0 | | 7,164,676 | | | | | | Actual 2015 | | 12,153,426 | | 5,478,358 | | 6,675,068 | | 0 | | 6,675,068 | | | | | | Actual 2014 | | 12,965,924 |
4 | | KOMO Plaza | | 21,273,805 | | 6,387,537 | | 14,886,268 | | 0 | | 14,886,268 | | | | | | Actual 2015 | | 20,988,153 | | 6,537,488 | | 14,450,665 | | 0 | | 14,450,665 | | | | | | Actual 2014 | | 22,222,906 |
5 | | Santa Rosa Office Portfolio | | 5,950,217 | | 3,122,281 | | 2,827,936 | | 0 | | 2,827,936 | | | | | | Actual 2015 | | 5,957,017 | | 2,859,674 | | 3,097,343 | | 0 | | 3,097,343 | | | | | | Actual 2014 | | 5,764,161 |
5.01 | | 100-120 Stony Point Road | | 3,667,126 | | 1,745,791 | | 1,921,335 | | 0 | | 1,921,335 | | | | | | Actual 2015 | | 3,353,756 | | 1,642,172 | | 1,711,584 | | 0 | | 1,711,584 | | | | | | Actual 2014 | | 3,491,120 |
5.02 | | 131 Stony Circle | | 1,200,500 | | 866,951 | | 333,549 | | 0 | | 333,549 | | | | | | Actual 2015 | | 1,491,496 | | 738,057 | | 753,439 | | 0 | | 753,439 | | | | | | Actual 2014 | | 1,161,326 |
5.03 | | 3333 Mendocino Avenue | | 683,714 | | 311,317 | | 372,397 | | 0 | | 372,397 | | | | | | Actual 2015 | | 644,291 | | 285,795 | | 358,495 | | 0 | | 358,495 | | | | | | Actual 2014 | | 632,399 |
5.04 | | 70 Stony Point Road | | 398,877 | | 198,223 | | 200,655 | | 0 | | 200,655 | | | | | | Actual 2015 | | 467,475 | | 193,650 | | 273,825 | | 0 | | 273,825 | | | | | | Actual 2014 | | 479,317 |
6 | | IPCC Texas Self Storage Portfolio | | 5,166,920 | | 1,937,933 | | 3,228,987 | | 0 | | 3,228,987 | | | | | | Actual 2015 | | 4,836,539 | | 1,952,771 | | 2,883,768 | | 0 | | 2,883,768 | | | | | | Actual 2014 | | 4,417,087 |
6.01 | | Coulter | | 802,353 | | 271,688 | | 530,665 | | 0 | | 530,665 | | | | | | Actual 2015 | | 749,365 | | 267,715 | | 481,650 | | 0 | | 481,650 | | | | | | Actual 2014 | | 658,663 |
6.02 | | Lubbock | | 644,786 | | 232,354 | | 412,432 | | 0 | | 412,432 | | | | | | Actual 2015 | | 555,392 | | 217,618 | | 337,774 | | 0 | | 337,774 | | | | | | Actual 2014 | | 531,542 |
6.03 | | Paramount | | 633,971 | | 267,638 | | 366,333 | | 0 | | 366,333 | | | | | | Actual 2015 | | 600,394 | | 280,374 | | 320,020 | | 0 | | 320,020 | | | | | | Actual 2014 | | 534,414 |
6.04 | | Tradewinds | | 545,500 | | 203,642 | | 341,858 | | 0 | | 341,858 | | | | | | Actual 2015 | | 533,392 | | 215,247 | | 318,145 | | 0 | | 318,145 | | | | | | Actual 2014 | | 473,142 |
6.05 | | AA 45th | | 585,701 | | 201,004 | | 384,697 | | 0 | | 384,697 | | | | | | Actual 2015 | | 549,968 | | 196,945 | | 353,023 | | 0 | | 353,023 | | | | | | Actual 2014 | | 501,910 |
6.06 | | Quail Creek | | 486,801 | | 203,336 | | 283,465 | | 0 | | 283,465 | | | | | | Actual 2015 | | 486,194 | | 203,084 | | 283,110 | | 0 | | 283,110 | | | | | | Actual 2014 | | 445,777 |
6.07 | | West 34th | | 501,744 | | 186,914 | | 314,830 | | 0 | | 314,830 | | | | | | Actual 2015 | | 489,310 | | 182,491 | | 306,819 | | 0 | | 306,819 | | | | | | Actual 2014 | | 472,779 |
6.08 | | Bell Street | | 480,671 | | 173,739 | | 306,931 | | 0 | | 306,931 | | | | | | Actual 2015 | | 441,444 | | 184,068 | | 257,376 | | 0 | | 257,376 | | | | | | Actual 2014 | | 393,032 |
6.09 | | Plainview | | 485,393 | | 197,617 | | 287,776 | | 0 | | 287,776 | | | | | | Actual 2015 | | 431,080 | | 205,228 | | 225,852 | | 0 | | 225,852 | | | | | | Actual 2014 | | 405,829 |
7 | | ExchangeRight Net Leased Portfolio 15 | | NAV | | NAV | | NAV | | NAV | | NAV | | | | | | NAV | | NAV | | NAV | | NAV | | NAV | | NAV | | | | | | NAV | | NAV |
7.01 | | Hobby Lobby - Brunswick, GA | | NAV | | NAV | | NAV | | NAV | | NAV | | | | | | NAV | | NAV | | NAV | | NAV | | NAV | | NAV | | | | | | NAV | | NAV |
7.02 | | Goodwill - Skokie, IL | | NAV | | NAV | | NAV | | NAV | | NAV | | | | | | NAV | | NAV | | NAV | | NAV | | NAV | | NAV | | | | | | NAV | | NAV |
7.03 | | CVS Pharmacy - Bolingbrook, IL | | NAV | | NAV | | NAV | | NAV | | NAV | | | | | | NAV | | NAV | | NAV | | NAV | | NAV | | NAV | | | | | | NAV | | NAV |
7.04 | | Walgreens - Independence, MO | | NAV | | NAV | | NAV | | NAV | | NAV | | | | | | NAV | | NAV | | NAV | | NAV | | NAV | | NAV | | | | | | NAV | | NAV |
7.05 | | Indianapolis Osteopathic Hospital, Inc | | NAV | | NAV | | NAV | | NAV | | NAV | | | | | | NAV | | NAV | | NAV | | NAV | | NAV | | NAV | | | | | | NAV | | NAV |
7.06 | | Walgreens - Arlington, TX | | NAV | | NAV | | NAV | | NAV | | NAV | | | | | | NAV | | NAV | | NAV | | NAV | | NAV | | NAV | | | | | | NAV | | NAV |
7.07 | | Fresenius Medical Care - St. Louis, MO | | NAV | | NAV | | NAV | | NAV | | NAV | | | | | | NAV | | NAV | | NAV | | NAV | | NAV | | NAV | | | | | | NAV | | NAV |
7.08 | | Advance Auto Parts - Mokena, IL | | NAV | | NAV | | NAV | | NAV | | NAV | | | | | | NAV | | NAV | | NAV | | NAV | | NAV | | NAV | | | | | | NAV | | NAV |
7.09 | | Advance Auto Parts - Norcross, GA | | NAV | | NAV | | NAV | | NAV | | NAV | | | | | | NAV | | NAV | | NAV | | NAV | | NAV | | NAV | | | | | | NAV | | NAV |
7.10 | | Dollar General - Gadsden, AL | | NAV | | NAV | | NAV | | NAV | | NAV | | | | | | NAV | | NAV | | NAV | | NAV | | NAV | | NAV | | | | | | NAV | | NAV |
7.11 | | Dollar General - Saint Amant, LA | | NAV | | NAV | | NAV | | NAV | | NAV | | | | | | NAV | | NAV | | NAV | | NAV | | NAV | | NAV | | | | | | NAV | | NAV |
7.12 | | Dollar General - Hammond, LA | | NAV | | NAV | | NAV | | NAV | | NAV | | | | | | NAV | | NAV | | NAV | | NAV | | NAV | | NAV | | | | | | NAV | | NAV |
7.13 | | Dollar General - Baton Rouge, LA | | NAV | | NAV | | NAV | | NAV | | NAV | | | | | | NAV | | NAV | | NAV | | NAV | | NAV | | NAV | | | | | | NAV | | NAV |
7.14 | | Dollar General - Sugar Creek, MO | | NAV | | NAV | | NAV | | NAV | | NAV | | | | | | NAV | | NAV | | NAV | | NAV | | NAV | | NAV | | | | | | NAV | | NAV |
7.15 | | Dollar General - Goshen, IN | | NAV | | NAV | | NAV | | NAV | | NAV | | | | | | NAV | | NAV | | NAV | | NAV | | NAV | | NAV | | | | | | NAV | | NAV |
7.16 | | Family Dollar - Baton Rouge, LA | | NAV | | NAV | | NAV | | NAV | | NAV | | | | | | NAV | | NAV | | NAV | | NAV | | NAV | | NAV | | | | | | NAV | | NAV |
8 | | 1166 Avenue of the Americas | | 11,824,052 | | 5,476,727 | | 6,347,326 | | 0 | | 6,347,326 | | | | | | Actual 2015 | | 14,049,983 | | 5,799,952 | | 8,250,030 | | 0 | | 8,250,030 | | | | | | Actual 2014 | | 14,533,677 |
9 | | Hotel Wilshire | | 7,216,910 | | 4,028,560 | | 3,188,350 | | 0 | | 3,188,350 | | 276 | | 246 | | Actual 2015 | | 6,415,634 | | 3,736,177 | | 2,679,457 | | 0 | | 2,679,457 | | 258 | | 219 | | Actual 2014 | | 6,383,169 |
10 | | Anaheim Marriott Suites | | 20,430,142 | | 13,534,524 | | 6,895,618 | | 1,020,960 | | 5,874,658 | | 131 | | 115 | | Actual 2015 | | 19,932,343 | | 13,207,701 | | 6,724,642 | | 995,888 | | 5,728,754 | | 130 | | 113 | | Actual 2014 | | 18,113,335 |
11 | | The Summit Birmingham | | 23,295,640 | | 5,998,750 | | 17,296,891 | | 0 | | 17,296,891 | | | | | | Actual 2015 | | 26,934,666 | | 7,344,888 | | 19,589,779 | | 0 | | 19,589,779 | | | | | | Actual 2014 | | 26,381,257 |
12 | | Connecticut Financial Center | | 13,785,546 | | 7,491,670 | | 6,293,876 | | 0 | | 6,293,876 | | | | | | Actual 2015 | | 12,953,665 | | 7,100,172 | | 5,853,492 | | 0 | | 5,853,492 | | | | | | Actual 2014 | | 13,274,759 |
13 | | Merrill Lynch Drive | | NAV | | NAV | | NAV | | NAV | | NAV | | | | | | NAV | | NAV | | NAV | | NAV | | NAV | | NAV | | | | | | NAV | | NAV |
14 | | Art Van Portfolio | | NAV | | NAV | | NAV | | NAV | | NAV | | | | | | NAV | | NAV | | NAV | | NAV | | NAV | | NAV | | | | | | NAV | | NAV |
14.01 | | Warren Distribution Center | | NAV | | NAV | | NAV | | NAV | | NAV | | | | | | NAV | | NAV | | NAV | | NAV | | NAV | | NAV | | | | | | NAV | | NAV |
14.02 | | Comstock Park Retail | | NAV | | NAV | | NAV | | NAV | | NAV | | | | | | NAV | | NAV | | NAV | | NAV | | NAV | | NAV | | | | | | NAV | | NAV |
14.03 | | Grand Rapids Retail | | NAV | | NAV | | NAV | | NAV | | NAV | | | | | | NAV | | NAV | | NAV | | NAV | | NAV | | NAV | | | | | | NAV | | NAV |
14.04 | | Bloomfield Hills Retail | | NAV | | NAV | | NAV | | NAV | | NAV | | | | | | NAV | | NAV | | NAV | | NAV | | NAV | | NAV | | | | | | NAV | | NAV |
14.05 | | Mattress Distribution Center | | NAV | | NAV | | NAV | | NAV | | NAV | | | | | | NAV | | NAV | | NAV | | NAV | | NAV | | NAV | | | | | | NAV | | NAV |
15 | | Rivercrest Realty Portfolio 2017 | | 2,558,577 | | 687,946 | | 1,870,630 | | 35,427 | | 1,835,203 | | | | | | Actual 2015 | | 2,480,774 | | 706,024 | | 1,774,750 | | 73,652 | | 1,701,098 | | | | | | Various | | 2,091,436 |
15.01 | | Towne Centre Village Retail Center | | 582,889 | | 192,926 | | 389,964 | | 27,572 | | 362,392 | | | | | | Actual 2015 | | 562,980 | | 187,811 | | 375,169 | | 20,556 | | 354,613 | | | | | | Actual 2014 | | 630,054 |
15.02 | | Hillcrest Shopping Center | | 450,008 | | 102,010 | | 347,998 | | 0 | | 347,998 | | | | | | Actual 2015 | | 378,847 | | 79,257 | | 299,590 | | 27,164 | | 272,426 | | | | | | Actual 2014 | | 343,998 |
15.03 | | Shippensburg Shopping Center | | 473,807 | | 141,241 | | 332,566 | | 248 | | 332,318 | | | | | | Actual 2015 | | 480,541 | | 169,535 | | 311,006 | | 23,160 | | 287,846 | | | | | | Annualized 4 12/31/2014 | | 140,775 |
15.04 | | Callaway Commons | | 479,613 | | 126,017 | | 353,595 | | 7,607 | | 345,988 | | | | | | Actual 2015 | | 477,749 | | 145,004 | | 332,745 | | 2,772 | | 329,973 | | | | | | Actual 2014 | | 428,532 |
15.05 | | Tri-Rivers Plaza | | 356,108 | | 93,913 | | 262,195 | | 0 | | 262,195 | | | | | | Actual 2015 | | 367,178 | | 71,433 | | 295,745 | | 0 | | 295,745 | | | | | | Annualized 6 6/30/2014 | | 357,890 |
15.06 | | The Alta Vista Commons | | 216,152 | | 31,840 | | 184,312 | | 0 | | 184,312 | | | | | | Actual 2015 | | 213,479 | | 52,984 | | 160,495 | | 0 | | 160,495 | | | | | | Actual 2014 | | 190,187 |
16 | | 100 Ashford Center | | 2,972,300 | | 1,445,841 | | 1,526,459 | | 0 | | 1,526,459 | | | | | | Actual 2015 | | 2,484,474 | | 1,487,061 | | 997,413 | | 0 | | 997,413 | | | | | | Actual 2014 | | 2,098,545 |
17 | | 340 Bryant | | 2,796,605 | | 435,743 | | 2,360,862 | | 24,669 | | 2,336,193 | | | | | | NAV | | NAV | | NAV | | NAV | | NAV | | NAV | | NAV | | NAV | | NAV | | NAV |
18 | | Quail Lakes Shopping Center | | 1,938,127 | | 782,696 | | 1,155,431 | | 0 | | 1,155,431 | | | | | | Actual 2015 | | 1,677,301 | | 656,014 | | 1,021,287 | | 0 | | 1,021,287 | | | | | | Actual 2014 | | 1,694,702 |
19 | | Crystal Lake Apartments | | 2,284,864 | | 1,062,672 | | 1,222,193 | | 0 | | 1,222,193 | | | | | | Actual 2015 | | 2,172,647 | | 1,063,136 | | 1,109,511 | | 0 | | 1,109,511 | | | | | | TTM 10/31/2014 | | 2,016,597 |
20 | | Empire Tower II | | 1,415,349 | | 632,583 | | 782,766 | | 0 | | 782,766 | | | | | | Actual 2015 | | 1,164,821 | | 633,192 | | 531,629 | | 0 | | 531,629 | | | | | | Actual 2014 | | 1,285,806 |
21 | | Empire Tower III | | 1,766,459 | | 711,653 | | 1,054,806 | | 0 | | 1,054,806 | | | | | | Actual 2015 | | 1,630,271 | | 725,186 | | 905,085 | | 0 | | 905,085 | | | | | | Actual 2014 | | 1,631,212 |
22 | | Center Ithaca | | 1,812,982 | | 716,664 | | 1,096,318 | | 0 | | 1,096,318 | | | | | | Actual 2015 | | 1,778,097 | | 618,054 | | 1,160,043 | | 0 | | 1,160,043 | | | | | | Actual 2014 | | 1,690,697 |
23 | | Horizon Village Square | | 1,260,030 | | 350,230 | | 909,800 | | 0 | | 909,800 | | | | | | Actual 2015 | | 1,248,863 | | 335,756 | | 913,106 | | 0 | | 913,106 | | | | | | Actual 2014 | | 1,090,496 |
24 | | Haynes Furniture Store | | 2,229,203 | | 651,069 | | 1,578,134 | | 0 | | 1,578,134 | | | | | | NAV | | NAV | | NAV | | NAV | | NAV | | NAV | | | | | | NAV | | NAV |
25 | | Hampton Inn Munster | | 3,197,053 | | 2,029,021 | | 1,168,032 | | 127,882 | | 1,040,150 | | 124 | | 99 | | Actual 2015 | | 3,435,616 | | 2,075,384 | | 1,360,232 | | 137,425 | | 1,222,807 | | 126 | | 102 | | Actual 2014 | | 3,338,163 |
26 | | North Hills Village Apartments | | 1,781,565 | | 781,282 | | 1,000,283 | | 0 | | 1,000,283 | | | | | | Actual 2015 | | 1,736,804 | | 785,944 | | 950,860 | | 0 | | 950,860 | | | | | | Actual 2014 | | 1,624,110 |
27 | | East Side Plaza - LA | | 1,228,643 | | 340,635 | | 888,008 | | 0 | | 888,008 | | | | | | Actual 2015 | | 1,274,699 | | 388,144 | | 886,556 | | 0 | | 886,556 | | | | | | Actual 2014 | | 1,215,013 |
28 | | Fairfield Inn & Suites - Bend, OR | | 3,316,491 | | 2,070,759 | | 1,245,732 | | 0 | | 1,245,732 | | 135 | | 111 | | Actual 2015 | | 3,067,424 | | 1,889,470 | | 1,177,954 | | 0 | | 1,177,954 | | 128 | | 103 | | Actual 2014 | | 2,843,575 |
29 | | Lawai Cannery Self-Storage | | 1,451,013 | | 354,970 | | 1,096,042 | | 0 | | 1,096,042 | | | | | | Actual 2015 | | 1,345,708 | | 333,510 | | 1,012,198 | | 0 | | 1,012,198 | | | | | | Actual 2014 | | 1,246,948 |
30 | | The Promenade Shopping Centre | | 833,776 | | 361,375 | | 472,401 | | 0 | | 472,401 | | | | | | Actual 2015 | | 926,027 | | 361,068 | | 564,959 | | 0 | | 564,959 | | | | | | Actual 2014 | | 987,873 |
31 | | StoreSmart Conway | | 687,549 | | 252,943 | | 434,605 | | 0 | | 434,605 | | | | | | Actual 2015 | | 704,353 | | 259,836 | | 444,517 | | 0 | | 444,517 | | | | | | Actual 2014 | | 630,397 |
32 | | SPS - Gaithersburg | | 823,131 | | 332,389 | | 490,742 | | 0 | | 490,742 | | | | | | Actual 2015 | | 806,505 | | 333,459 | | 473,046 | | 0 | | 473,046 | | | | | | Actual 2014 | | 783,865 |
33 | | CT Storage Outlet Pomona | | 1,189,794 | | 544,776 | | 645,018 | | 0 | | 645,018 | | | | | | Actual 2015 | | 1,144,437 | | 531,048 | | 613,389 | | 0 | | 613,389 | | | | | | Actual 2014 | | 1,070,594 |
34 | | Shops at The Artisan | | 461,737 | | 123,205 | | 338,532 | | 0 | | 338,532 | | | | | | Actual 2015 | | 430,223 | | 122,613 | | 307,610 | | 0 | | 307,610 | | | | | | Actual 2014 | | 377,443 |
35 | | The Milliken Building | | 488,033 | | 22,599 | | 465,433 | | 0 | | 465,433 | | | | | | Actual 2015 | | 532,398 | | 26,938 | | 505,460 | | 0 | | 505,460 | | | | | | Actual 2014 | | 514,395 |
36 | | South Houston Self Storage | | 515,810 | | 220,955 | | 294,855 | | 0 | | 294,855 | | | | | | Actual 2015 | | 420,821 | | 203,516 | | 217,306 | | 0 | | 217,306 | | | | | | Actual 2014 | | 364,054 |
37 | | Snellville Place | | 301,469 | | 89,964 | | 211,505 | | 0 | | 211,505 | | | | | | Actual 2015 | | 303,367 | | 89,081 | | 214,286 | | 0 | | 214,286 | | | | | | NAV | | NAV |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Mortgage Loan Number | | Property Name | | Third Most Recent Expenses ($) | | Third Most Recent NOI ($) | | Third Most Recent Capital Expenditures | | Third Most Recent NCF ($) | | Third Most Recent Hotel ADR | | Third Most Recent Hotel RevPAR | | Master Lease (Y/N) | | Largest Tenant Name (8) (9) (10) (11) (12) (13) | | Largest Tenant Sq. Ft. | | Largest Tenant % of NRA | | Largest Tenant Exp. Date | | 2nd Largest Tenant Name (10) | | 2nd Largest Tenant Sq. Ft. | | 2nd Largest Tenant % of NRA | | 2nd Largest Tenant Exp. Date |
1 | | 123 William Street | | 7,852,958 | | 3,447,351 | | 0 | | 3,447,351 | | | | | | N | | Planned Parenthood (Corporate) | | 65,242 | | 12.0% | | 7/31/2031 | | U.S. Social Security Administration | | 48,221 | | 8.8% | | 6/28/2022 |
2 | | The Davenport | | NAV | | NAV | | NAV | | NAV | | | | | | N | | HubSpot | | 185,448 | | 80.3% | | 10/31/2027 | | Atlas Venture | | 18,674 | | 8.1% | | 10/31/2017 |
3 | | Center West | | 5,536,272 | | 7,429,652 | | 0 | | 7,429,652 | | | | | | N | | Merrill Lynch | | 23,121 | | 6.6% | | 4/30/2022 | | Aurora Capital Group | | 22,911 | | 6.6% | | 3/31/2021 |
4 | | KOMO Plaza | | 6,688,572 | | 15,534,334 | | 0 | | 15,534,334 | | | | | | N | | Sinclair Broadcast Group | | 121,213 | | 41.6% | | 12/31/2023 | | Internap Corporation | | 35,609 | | 12.2% | | 2/28/2019 |
5 | | Santa Rosa Office Portfolio | | 2,821,718 | | 2,942,443 | | 0 | | 2,942,443 | | | | | | N | | Various | | Various | | Various | | Various | | Various | | Various | | Various | | Various |
5.01 | | 100-120 Stony Point Road | | 1,558,564 | | 1,932,556 | | 0 | | 1,932,556 | | | | | | N | | Sutter Care at Home | | 18,532 | | 9.3% | | 3/31/2020 | | Burr Pilger Mayer | | 17,676 | | 8.9% | | 1/31/2020 |
5.02 | | 131 Stony Circle | | 749,784 | | 411,541 | | 0 | | 411,541 | | | | | | N | | Sutter West Bay | | 18,754 | | 23.2% | | 9/30/2024 | | Stony Point Executive Office | | 15,291 | | 18.9% | | 12/31/2020 |
5.03 | | 3333 Mendocino Avenue | | 311,146 | | 321,253 | | 0 | | 321,253 | | | | | | N | | Clement, Fitzpatrick, K. | | 10,291 | | 27.1% | | 5/31/2018 | | Kaiser | | 9,841 | | 25.9% | | 6/30/2017 |
5.04 | | 70 Stony Point Road | | 202,224 | | 277,093 | | 0 | | 277,093 | | | | | | N | | Jeff Luchetti Construction | | 4,557 | | 23.6% | | 4/30/2020 | | Aesthetic Laser & Vein Center | | 3,958 | | 20.5% | | 10/31/2019 |
6 | | IPCC Texas Self Storage Portfolio | | 1,891,670 | | 2,525,417 | | 0 | | 2,525,417 | | | | | | Y | | | | | | | | | | | | | | | | |
6.01 | | Coulter | | 253,562 | | 405,101 | | 0 | | 405,101 | | | | | | Y | | | | | | | | | | | | | | | | |
6.02 | | Lubbock | | 214,502 | | 317,040 | | 0 | | 317,040 | | | | | | Y | | | | | | | | | | | | | | | | |
6.03 | | Paramount | | 259,441 | | 274,973 | | 0 | | 274,973 | | | | | | Y | | | | | | | | | | | | | | | | |
6.04 | | Tradewinds | | 214,720 | | 258,422 | | 0 | | 258,422 | | | | | | Y | | | | | | | | | | | | | | | | |
6.05 | | AA 45th | | 189,083 | | 312,827 | | 0 | | 312,827 | | | | | | Y | | | | | | | | | | | | | | | | |
6.06 | | Quail Creek | | 205,423 | | 240,354 | | 0 | | 240,354 | | | | | | Y | | | | | | | | | | | | | | | | |
6.07 | | West 34th | | 185,897 | | 286,883 | | 0 | | 286,883 | | | | | | Y | | | | | | | | | | | | | | | | |
6.08 | | Bell Street | | 171,502 | | 221,530 | | 0 | | 221,530 | | | | | | Y | | | | | | | | | | | | | | | | |
6.09 | | Plainview | | 197,543 | | 208,286 | | 0 | | 208,286 | | | | | | Y | | | | | | | | | | | | | | | | |
7 | | ExchangeRight Net Leased Portfolio 15 | | NAV | | NAV | | NAV | | NAV | | | | | | Y | | Various | | Various | | Various | | Various | | | | | | | | |
7.01 | | Hobby Lobby - Brunswick, GA | | NAV | | NAV | | NAV | | NAV | | | | | | Y | | Hobby Lobby | | 55,000 | | 100.0% | | 8/31/2031 | | | | | | | | |
7.02 | | Goodwill - Skokie, IL | | NAV | | NAV | | NAV | | NAV | | | | | | Y | | Goodwill | | 20,850 | | 100.0% | | 10/27/2031 | | | | | | | | |
7.03 | | CVS Pharmacy - Bolingbrook, IL | | NAV | | NAV | | NAV | | NAV | | | | | | Y | | CVS Pharmacy | | 13,013 | | 100.0% | | 1/31/2030 | | | | | | | | |
7.04 | | Walgreens - Independence, MO | | NAV | | NAV | | NAV | | NAV | | | | | | Y | | Walgreens | | 15,120 | | 100.0% | | 7/31/2028 | | | | | | | | |
7.05 | | Indianapolis Osteopathic Hospital, Inc | | NAV | | NAV | | NAV | | NAV | | | | | | Y | | Indianapolis Osteopathic Hospital, Inc | | 15,109 | | 100.0% | | 7/15/2029 | | | | | | | | |
7.06 | | Walgreens - Arlington, TX | | NAV | | NAV | | NAV | | NAV | | | | | | Y | | Walgreens | | 13,905 | | 100.0% | | 8/31/2027 | | | | | | | | |
7.07 | | Fresenius Medical Care - St. Louis, MO | | NAV | | NAV | | NAV | | NAV | | | | | | Y | | Fresenius Medical Care | | 7,500 | | 100.0% | | 5/25/2026 | | | | | | | | |
7.08 | | Advance Auto Parts - Mokena, IL | | NAV | | NAV | | NAV | | NAV | | | | | | Y | | Advance Auto Parts | | 6,831 | | 100.0% | | 9/20/2027 | | | | | | | | |
7.09 | | Advance Auto Parts - Norcross, GA | | NAV | | NAV | | NAV | | NAV | | | | | | Y | | Advance Auto Parts | | 7,000 | | 100.0% | | 12/31/2026 | | | | | | | | |
7.10 | | Dollar General - Gadsden, AL | | NAV | | NAV | | NAV | | NAV | | | | | | Y | | Dollar General | | 10,542 | | 100.0% | | 3/31/2031 | | | | | | | | |
7.11 | | Dollar General - Saint Amant, LA | | NAV | | NAV | | NAV | | NAV | | | | | | Y | | Dollar General | | 9,026 | | 100.0% | | 4/30/2030 | | | | | | | | |
7.12 | | Dollar General - Hammond, LA | | NAV | | NAV | | NAV | | NAV | | | | | | Y | | Dollar General | | 9,026 | | 100.0% | | 6/30/2028 | | | | | | | | |
7.13 | | Dollar General - Baton Rouge, LA | | NAV | | NAV | | NAV | | NAV | | | | | | Y | | Dollar General | | 9,026 | | 100.0% | | 2/28/2029 | | | | | | | | |
7.14 | | Dollar General - Sugar Creek, MO | | NAV | | NAV | | NAV | | NAV | | | | | | Y | | Dollar General | | 8,908 | | 100.0% | | 3/31/2026 | | | | | | | | |
7.15 | | Dollar General - Goshen, IN | | NAV | | NAV | | NAV | | NAV | | | | | | Y | | Dollar General | | 9,100 | | 100.0% | | 12/31/2031 | | | | | | | | |
7.16 | | Family Dollar - Baton Rouge, LA | | NAV | | NAV | | NAV | | NAV | | | | | | Y | | Family Dollar | | 8,320 | | 100.0% | | 6/30/2031 | | | | | | | | |
8 | | 1166 Avenue of the Americas | | 5,381,123 | | 9,152,554 | | 0 | | 9,152,554 | | | | | | N | | D.E. Shaw | | 78,150 | | 40.0% | | 6/30/2024 | | Sprint | | 39,075 | | 20.0% | | 1/31/2027 |
9 | | Hotel Wilshire | | 3,702,670 | | 2,680,499 | | 0 | | 2,680,499 | | 241 | | 217 | | N | | | | | | | | | | | | | | | | |
10 | | Anaheim Marriott Suites | | 12,332,792 | | 5,780,543 | | 906,544 | | 4,873,999 | | 122 | | 104 | | N | | | | | | | | | | | | | | | | |
11 | | The Summit Birmingham | | 6,966,130 | | 19,415,128 | | 0 | | 19,415,128 | | | | | | N | | Belk | | 163,480 | | 24.0% | | 1/31/2018 | | RSM US LLP | | 35,724 | | 5.2% | | 10/31/2021 |
12 | | Connecticut Financial Center | | 7,441,849 | | 5,832,909 | | 0 | | 5,832,909 | | | | | | N | | Yale University | | 84,442 | | 18.0% | | 7/31/2019 | | G.S.A. US Attorney’s Office | | 58,601 | | 12.5% | | 4/18/2022 |
13 | | Merrill Lynch Drive | | NAV | | NAV | | NAV | | NAV | | | | | | N | | Merrill Lynch Pierce Fenner & Smith Incorporated | | 553,841 | | 100.0% | | 11/30/2024 | | | | | | | | |
14 | | Art Van Portfolio | | NAV | | NAV | | NAV | | NAV | | | | | | Y | | Art Van Furniture, Inc. | | 1,407,911 | | 100.0% | | 2/28/2037 | | | | | | | | |
14.01 | | Warren Distribution Center | | NAV | | NAV | | NAV | | NAV | | | | | | Y | | Art Van Furniture, Inc. | | 1,056,890 | | 100.0% | | 2/28/2037 | | | | | | | | |
14.02 | | Comstock Park Retail | | NAV | | NAV | | NAV | | NAV | | | | | | Y | | Art Van Furniture, Inc. | | 96,400 | | 100.0% | | 2/28/2037 | | | | | | | | |
14.03 | | Grand Rapids Retail | | NAV | | NAV | | NAV | | NAV | | | | | | Y | | Art Van Furniture, Inc. | | 79,212 | | 100.0% | | 2/28/2037 | | | | | | | | |
14.04 | | Bloomfield Hills Retail | | NAV | | NAV | | NAV | | NAV | | | | | | Y | | Art Van Furniture, Inc. | | 46,388 | | 100.0% | | 2/28/2037 | | | | | | | | |
14.05 | | Mattress Distribution Center | | NAV | | NAV | | NAV | | NAV | | | | | | Y | | Art Van Furniture, Inc. | | 129,021 | | 100.0% | | 2/28/2037 | | | | | | | | |
15 | | Rivercrest Realty Portfolio 2017 | | 603,955 | | 1,487,481 | | 20,113 | | 1,467,368 | | | | | | N | | Various | | Various | | Various | | Various | | Various | | Various | | Various | | Various |
15.01 | | Towne Centre Village Retail Center | | 168,976 | | 461,078 | | 19,593 | | 441,485 | | | | | | N | | Dumas Karate | | 4,800 | | 14.3% | | MTM | | Mattress Firm | | 3,600 | | 10.7% | | 6/30/2017 |
15.02 | | Hillcrest Shopping Center | | 86,260 | | 257,738 | | 0 | | 257,738 | | | | | | N | | Dollar Tree | | 10,000 | | 30.7% | | 6/30/2022 | | Baptist Convenient Care | | 4,240 | | 13.0% | | 10/31/2025 |
15.03 | | Shippensburg Shopping Center | | 90,754 | | 50,021 | | 520 | | 49,501 | | | | | | N | | Wine & Spirits | | 4,800 | | 15.1% | | 10/31/2018 | | Cato | | 3,600 | | 11.3% | | 1/31/2020 |
15.04 | | Callaway Commons | | 135,456 | | 293,076 | | 0 | | 293,076 | | | | | | N | | Dollar Tree | | 10,000 | | 33.7% | | 6/30/2018 | | Cato | | 3,900 | | 13.2% | | 1/31/2018 |
15.05 | | Tri-Rivers Plaza | | 72,060 | | 285,830 | | 0 | | 285,830 | | | | | | N | | CATO | | 4,800 | | 19.7% | | 1/31/2018 | | Hibbett | | 4,200 | | 17.2% | | 6/30/2022 |
15.06 | | The Alta Vista Commons | | 50,449 | | 139,738 | | 0 | | 139,738 | | | | | | N | | Dollar Tree | | 8,015 | | 28.7% | | 1/31/2019 | | Goodwill Industries of Danville Area, Inc. | | 4,805 | | 17.2% | | 2/28/2023 |
16 | | 100 Ashford Center | | 1,426,027 | | 672,518 | | 0 | | 672,518 | | | | | | N | | Southeastern Data Cooperative, Inc. | | 66,707 | | 41.1% | | 6/30/2025 | | 3M Company | | 30,401 | | 18.7% | | 11/30/2017 |
17 | | 340 Bryant | | NAV | | NAV | | NAV | | NAV | | NAV | | NAV | | N | | Switchfly, Inc. | | 47,673 | | 76.6% | | 11/30/2025 | | Skullcandy, Inc. | | 14,597 | | 23.4% | | 3/31/2023 |
18 | | Quail Lakes Shopping Center | | 625,002 | | 1,069,700 | | 0 | | 1,069,700 | | | | | | N | | Save Mart | | 42,167 | | 30.0% | | 12/31/2019 | | Ross Dress for Less, Inc. / dd’s discounts | | 25,744 | | 18.3% | | 1/31/2027 |
19 | | Crystal Lake Apartments | | 1,122,493 | | 894,104 | | 0 | | 894,104 | | | | | | Y | | | | | | | | | | | | | | | | |
20 | | Empire Tower II | | 615,177 | | 670,629 | | 0 | | 670,629 | | | | | | N | | Wells Fargo Bank, N.A. | | 25,482 | | 36.4% | | 6/30/2019 | | CBRE, Inc. | | 14,400 | | 20.6% | | 4/30/2024 |
21 | | Empire Tower III | | 705,801 | | 925,410 | | 0 | | 925,410 | | | | | | N | | Ajinomoto Windsor, Inc. | | 52,833 | | 70.2% | | 11/30/2022 | | Aerotek, Inc. | | 9,778 | | 13.0% | | 11/14/2018 |
22 | | Center Ithaca | | 648,153 | | 1,042,544 | | 0 | | 1,042,544 | | | | | | N | | New York State Dept of Labor | | 6,499 | | 6.9% | | 6/30/2019 | | Finger Lakes Fitness, Inc. | | 4,628 | | 4.9% | | 12/31/2020 |
23 | | Horizon Village Square | | 297,298 | | 793,198 | | 0 | | 793,198 | | | | | | N | | Buffalo Wild Wings | | 5,563 | | 13.0% | | 4/30/2026 | | Wells Fargo Bank, N.A. | | 3,575 | | 8.3% | | 7/31/2019 |
24 | | Haynes Furniture Store | | NAV | | NAV | | NAV | | NAV | | | | | | N | | Haynes Furniture Company, Inc. | | 300,597 | | 100.0% | | 1/1/2034 | | | | | | | | |
25 | | Hampton Inn Munster | | 2,042,612 | | 1,295,551 | | 133,527 | | 1,162,024 | | 123 | | 99 | | N | | | | | | | | | | | | | | | | |
26 | | North Hills Village Apartments | | 807,167 | | 816,943 | | 0 | | 816,943 | | | | | | N | | | | | | | | | | | | | | | | |
27 | | East Side Plaza - LA | | 386,180 | | 828,832 | | 0 | | 828,832 | | | | | | N | | Michaels | | 23,875 | | 30.3% | | 2/28/2022 | | Dollar Tree | | 12,000 | | 15.2% | | 3/31/2020 |
28 | | Fairfield Inn & Suites - Bend, OR | | 1,644,929 | | 1,198,646 | | 0 | | 1,198,646 | | 118 | | 96 | | N | | | | | | | | | | | | | | | | |
29 | | Lawai Cannery Self-Storage | | 371,125 | | 875,824 | | 0 | | 875,824 | | | | | | N | | | | | | | | | | | | | | | | |
30 | | The Promenade Shopping Centre | | 394,842 | | 593,032 | | 0 | | 593,032 | | | | | | N | | Chow King Grill & Buffet | | 14,200 | | 19.9% | | 12/31/2042 | | West Marine | | 9,485 | | 13.3% | | 5/31/2021 |
31 | | StoreSmart Conway | | 269,829 | | 360,568 | | 0 | | 360,568 | | | | | | N | | | | | | | | | | | | | | | | |
32 | | SPS - Gaithersburg | | 319,318 | | 464,547 | | 0 | | 464,547 | | | | | | N | | | | | | | | | | | | | | | | |
33 | | CT Storage Outlet Pomona | | 506,714 | | 563,880 | | 0 | | 563,880 | | | | | | N | | | | | | | | | | | | | | | | |
34 | | Shops at The Artisan | | 118,195 | | 259,248 | | 0 | | 259,248 | | | | | | N | | Kaiser Permanente | | 5,442 | | 50.1% | | 12/31/2019 | | Ted’s Montana Grill | | 4,235 | | 39.0% | | 1/31/2022 |
35 | | The Milliken Building | | 25,312 | | 489,083 | | 0 | | 489,083 | | | | | | N | | Milliken & Company | | 102,460 | | 100.0% | | 5/31/2021 | | | | | | | | |
36 | | South Houston Self Storage | | 205,204 | | 158,850 | | 0 | | 158,850 | | | | | | N | | | | | | | | | | | | | | | | |
37 | | Snellville Place | | NAV | | NAV | | NAV | | NAV | | | | | | N | | Hair Envy | | 2,400 | | 17.1% | | 4/30/2021 | | FastSigns | | 1,600 | | 11.4% | | 9/30/2018 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
| | | | | | | | | | | | | | | | | | | | | | | | | | |
Mortgage Loan Number | | Property Name | | 3rd Largest Tenant Name (10) | | 3rd Largest Tenant Sq. Ft. | | 3rd Largest Tenant % of NRA | | 3rd Largest Tenant Exp. Date | | 4th Largest Tenant Name (8) (10) (13) | | 4th Largest Tenant Sq. Ft. | | 4th Largest Tenant % of NRA | | 4th Largest Tenant Exp. Date | | 5th Largest Tenant Name (10) (11) | | 5th Largest Tenant Sq. Ft. | | 5th Largest Tenant % of NRA | | 5th Largest Tenant Exp. Date |
1 | | 123 William Street | | NYS Licensing | | 45,313 | | 8.3% | | 7/31/2022 | | NYC Department of Youth & Community Development (“DYCD”) | | 40,610 | | 7.4% | | MTM | | Securities Training Corporation | | 32,356 | | 5.9% | | 6/30/2025 |
2 | | The Davenport | | Nature Publishing Group | | 11,064 | | 4.8% | | 4/30/2018 | | | | | | | | | | | | | | | | |
3 | | Center West | | Radar Pictures | | 16,894 | | 4.8% | | 9/20/2020 | | Wells Fargo Advisors | | 16,894 | | 4.8% | | 7/31/2024 | | Rentech | | 16,567 | | 4.7% | | 6/14/2020 |
4 | | KOMO Plaza | | TierPoint Seattle Holdings | | 29,793 | | 10.2% | | 6/30/2023 | | Amazon | | 13,483 | | 4.6% | | 12/31/2017 | | Verizon | | 10,416 | | 3.6% | | 1/31/2019 |
5 | | Santa Rosa Office Portfolio | | Various | | Various | | Various | | Various | | Various | | Various | | Various | | Various | | Various | | Various | | Various | | Various |
5.01 | | 100-120 Stony Point Road | | National Instruments | | 16,147 | | 8.1% | | 2/28/2021 | | Flowmaster | | 14,984 | | 7.5% | | 1/31/2018 | | Abbey Weitzenberg, Warren & Emery | | 13,558 | | 6.8% | | 10/31/2020 |
5.02 | | 131 Stony Circle | | Community Child Care Council of Sonoma County | | 12,251 | | 15.2% | | 3/31/2020 | | Horrigan Cole dba Cole Vocational Services | | 6,900 | | 8.5% | | 4/30/2022 | | Peoples Bank | | 5,593 | | 6.9% | | 12/30/2021 |
5.03 | | 3333 Mendocino Avenue | | Pacific Union | | 5,905 | | 15.5% | | 9/30/2017 | | Summit Bank | | 4,761 | | 12.5% | | 1/31/2022 | | First Mortgage Corp. | | 2,936 | | 7.7% | | 3/31/2018 |
5.04 | | 70 Stony Point Road | | Stony Point Dental | | 3,042 | | 15.7% | | 6/30/2021 | | US Bank | | 2,579 | | 13.3% | | 6/30/2020 | | Pinnacle Capital Mortgage | | 2,555 | | 13.2% | | 10/31/2021 |
6 | | IPCC Texas Self Storage Portfolio | | | | | | | | | | | | | | | | | | | | | | | | |
6.01 | | Coulter | | | | | | | | | | | | | | | | | | | | | | | | |
6.02 | | Lubbock | | | | | | | | | | | | | | | | | | | | | | | | |
6.03 | | Paramount | | | | | | | | | | | | | | | | | | | | | | | | |
6.04 | | Tradewinds | | | | | | | | | | | | | | | | | | | | | | | | |
6.05 | | AA 45th | | | | | | | | | | | | | | | | | | | | | | | | |
6.06 | | Quail Creek | | | | | | | | | | | | | | | | | | | | | | | | |
6.07 | | West 34th | | | | | | | | | | | | | | | | | | | | | | | | |
6.08 | | Bell Street | | | | | | | | | | | | | | | | | | | | | | | | |
6.09 | | Plainview | | | | | | | | | | | | | | | | | | | | | | | | |
7 | | ExchangeRight Net Leased Portfolio 15 | | | | | | | | | | | | | | | | | | | | | | | | |
7.01 | | Hobby Lobby - Brunswick, GA | | | | | | | | | | | | | | | | | | | | | | | | |
7.02 | | Goodwill - Skokie, IL | | | | | | | | | | | | | | | | | | | | | | | | |
7.03 | | CVS Pharmacy - Bolingbrook, IL | | | | | | | | | | | | | | | | | | | | | | | | |
7.04 | | Walgreens - Independence, MO | | | | | | | | | | | | | | | | | | | | | | | | |
7.05 | | Indianapolis Osteopathic Hospital, Inc | | | | | | | | | | | | | | | | | | | | | | | | |
7.06 | | Walgreens - Arlington, TX | | | | | | | | | | | | | | | | | | | | | | | | |
7.07 | | Fresenius Medical Care - St. Louis, MO | | | | | | | | | | | | | | | | | | | | | | | | |
7.08 | | Advance Auto Parts - Mokena, IL | | | | | | | | | | | | | | | | | | | | | | | | |
7.09 | | Advance Auto Parts - Norcross, GA | | | | | | | | | | | | | | | | | | | | | | | | |
7.10 | | Dollar General - Gadsden, AL | | | | | | | | | | | | | | | | | | | | | | | | |
7.11 | | Dollar General - Saint Amant, LA | | | | | | | | | | | | | | | | | | | | | | | | |
7.12 | | Dollar General - Hammond, LA | | | | | | | | | | | | | | | | | | | | | | | | |
7.13 | | Dollar General - Baton Rouge, LA | | | | | | | | | | | | | | | | | | | | | | | | |
7.14 | | Dollar General - Sugar Creek, MO | | | | | | | | | | | | | | | | | | | | | | | | |
7.15 | | Dollar General - Goshen, IN | | | | | | | | | | | | | | | | | | | | | | | | |
7.16 | | Family Dollar - Baton Rouge, LA | | | | | | | | | | | | | | | | | | | | | | | | |
8 | | 1166 Avenue of the Americas | | Arcesium | | 39,075 | | 20.0% | | 6/30/2024 | | 1166 EJM Tenant LLC | | 22,500 | | 11.5% | | 8/1/2019 | | | | | | | | |
9 | | Hotel Wilshire | | | | | | | | | | | | | | | | | | | | | | | | |
10 | | Anaheim Marriott Suites | | | | | | | | | | | | | | | | | | | | | | | | |
11 | | The Summit Birmingham | | Barnes & Noble | | 25,397 | | 3.7% | | 2/1/2018 | | Gap | | 17,522 | | 2.6% | | 3/31/2020 | | Brownell Travel | | 15,126 | | 2.2% | | 3/31/2018 |
12 | | Connecticut Financial Center | | The United Illuminating Company | | 51,307 | | 10.9% | | 6/14/2022 | | Bank of America | | 39,835 | | 8.5% | | 3/31/2021 | | Withers Bergman LLP | | 34,303 | | 7.3% | | 3/31/2025 |
13 | | Merrill Lynch Drive | | | | | | | | | | | | | | | | | | | | | | | | |
14 | | Art Van Portfolio | | | | | | | | | | | | | | | | | | | | | | | | |
14.01 | | Warren Distribution Center | | | | | | | | | | | | | | | | | | | | | | | | |
14.02 | | Comstock Park Retail | | | | | | | | | | | | | | | | | | | | | | | | |
14.03 | | Grand Rapids Retail | | | | | | | | | | | | | | | | | | | | | | | | |
14.04 | | Bloomfield Hills Retail | | | | | | | | | | | | | | | | | | | | | | | | |
14.05 | | Mattress Distribution Center | | | | | | | | | | | | | | | | | | | | | | | | |
15 | | Rivercrest Realty Portfolio 2017 | | Various | | Various | | Various | | Various | | Various | | Various | | Various | | Various | | Various | | Various | | Various | | Various |
15.01 | | Towne Centre Village Retail Center | | Beauty World | | 3,600 | | 10.7% | | 1/31/2021 | | T-Mobile | | 2,400 | | 7.1% | | 1/31/2020 | | Paint & Brush LLC | | 2,400 | | 7.1% | | 12/31/2021 |
15.02 | | Hillcrest Shopping Center | | Palm Beach Tan | | 2,400 | | 7.4% | | 1/31/2020 | | Lovely Nails | | 1,600 | | 4.9% | | 5/31/2018 | | AT&T Authorized Retailer | | 1,600 | | 4.9% | | 7/31/2020 |
15.03 | | Shippensburg Shopping Center | | H&R Block | | 2,800 | | 8.8% | | 10/31/2019 | | Chinatown Kitchen | | 2,400 | | 7.5% | | 6/30/2018 | | Verizon Wireless | | 2,000 | | 6.3% | | 12/31/2018 |
15.04 | | Callaway Commons | | Sprint | | 2,800 | | 9.4% | | 6/30/2018 | | Excel Therapy | | 2,800 | | 9.4% | | 11/30/2017 | | Jackson Hewitt | | 1,750 | | 5.9% | | 10/31/2019 |
15.05 | | Tri-Rivers Plaza | | Shoe Dept | | 4,000 | | 16.4% | | 2/28/2019 | | Panda Inn | | 3,200 | | 13.1% | | 3/31/2022 | | Advance America Cash Advance | | 2,400 | | 9.8% | | 6/30/2019 |
15.06 | | The Alta Vista Commons | | Taste of Italy Pizza & Grill | | 3,200 | | 11.4% | | 9/30/2017 | | Virginia A.B.C Store | | 3,200 | | 11.4% | | 10/31/2021 | | Pizza Hut | | 1,600 | | 5.7% | | 6/30/2019 |
16 | | 100 Ashford Center | | National Electronic Attachment, Inc. | | 12,267 | | 7.6% | | 9/30/2021 | | Deluxe Financial Services, LLC | | 10,135 | | 6.2% | | 9/4/2018 | | The Baer Group, LLC | | 5,650 | | 3.5% | | 4/30/2019 |
17 | | 340 Bryant | | | | | | | | | | | | | | | | | | | | | | | | |
18 | | Quail Lakes Shopping Center | | Office Max | | 25,077 | | 17.9% | | 4/30/2021 | | El Torito | | 10,140 | | 7.2% | | 12/31/2019 | | Applebee’s | | 4,990 | | 3.6% | | 1/31/2028 |
19 | | Crystal Lake Apartments | | | | | | | | | | | | | | | | | | | | | | | | |
20 | | Empire Tower II | | David Evans and Associates, Inc | | 10,211 | | 14.6% | | 9/30/2021 | | Merrill Lynch, Pierce, Fenner | | 8,016 | | 11.4% | | 4/30/2020 | | Henry Schein, Inc. | | 2,797 | | 4.0% | | 12/31/2018 |
21 | | Empire Tower III | | The Hays Group, Inc. | | 5,708 | | 7.6% | | 11/30/2021 | | R2 Logistics, Inc. | | 2,977 | | 4.0% | | 1/31/2019 | | Eadie & Payne, LLP | | 2,295 | | 3.1% | | 12/31/2018 |
22 | | Center Ithaca | | Tompkins Trust Co. | | 4,300 | | 4.6% | | 2/28/2018 | | WBA Research | | 3,463 | | 3.7% | | 8/14/2021 | | Human Services Coalition | | 3,000 | | 3.2% | | 4/14/2018 |
23 | | Horizon Village Square | | Café Rio Inc | | 3,100 | | 7.2% | | 7/31/2024 | | Grand China | | 2,800 | | 6.5% | | 5/31/2026 | | Family ATA Martial Arts of Nevada LLC | | 2,765 | | 6.4% | | 9/30/2018 |
24 | | Haynes Furniture Store | | | | | | | | | | | | | | | | | | | | | | | | |
25 | | Hampton Inn Munster | | | | | | | | | | | | | | | | | | | | | | | | |
26 | | North Hills Village Apartments | | | | | | | | | | | | | | | | | | | | | | | | |
27 | | East Side Plaza - LA | | Sumo Supreme Buffet | | 8,247 | | 10.5% | | 7/31/2022 | | Guitar Center | | 7,500 | | 9.5% | | 2/28/2023 | | HobbyTown USA | | 4,426 | | 5.6% | | 12/31/2024 |
28 | | Fairfield Inn & Suites - Bend, OR | | | | | | | | | | | | | | | | | | | | | | | | |
29 | | Lawai Cannery Self-Storage | | | | | | | | | | | | | | | | | | | | | | | | |
30 | | The Promenade Shopping Centre | | Scalini’s | | 7,712 | | 10.8% | | 7/31/2020 | | Revive Consignment | | 7,000 | | 9.8% | | 2/1/2019 | | Budokan | | 3,732 | | 5.2% | | MTM |
31 | | StoreSmart Conway | | | | | | | | | | | | | | | | | | | | | | | | |
32 | | SPS - Gaithersburg | | | | | | | | | | | | | | | | | | | | | | | | |
33 | | CT Storage Outlet Pomona | | | | | | | | | | | | | | | | | | | | | | | | |
34 | | Shops at The Artisan | | Smoothie King | | 1,185 | | 10.9% | | 5/31/2020 | | | | | | | | | | | | | | | | |
35 | | The Milliken Building | | | | | | | | | | | | | | | | | | | | | | | | |
36 | | South Houston Self Storage | | | | | | | | | | | | | | | | | | | | | | | | |
37 | | Snellville Place | | Cricket Wireless | | 1,600 | | 11.4% | | 9/30/2019 | | Golden Krust Bakery | | 1,550 | | 11.0% | | 10/31/2017 | | Pizza Hut | | 1,500 | | 10.7% | | 5/31/2019 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Mortgage Loan Number | | Property Name | | Engineering Report Date | | Environmental Report Date (Phase I) | | Environmental Report Date (Phase II) | | Seismic Report Date | | Seismic PML % | | Seismic Insurance Required (Y/N) | | Terrorism Insurance (Y/N) | | Loan Purpose | | Engineering Escrow / Deferred Maintenance ($) | | Tax Escrow (Initial) | | Monthly Tax Escrow ($) | | Tax Escrow - Cash or LoC | | Tax Escrow - LoC Counterparty | | Insurance Escrow (Initial) | | Monthly Insurance Escrow ($) | | Insurance Escrow - Cash or LoC | | Insurance Escrow - LoC Counterparty |
1 | | 123 William Street | | 2/3/2017 | | 1/31/2017 | | | | | | | | N | | Y | | Refinance | | 0 | | 0 | | Springing | | | | | | 0 | | Springing | | | | |
2 | | The Davenport | | 1/25/2017 | | 1/18/2017 | | | | | | | | N | | Y | | Acquisition | | 5,225 | | 0 | | Springing | | | | | | 0 | | Springing | | | | |
3 | | Center West | | 10/28/2016 | | 10/28/2016 | | | | 10/28/2016 | | 11.0% | | N | | Y | | Refinance | | 0 | | 0 | | Springing | | | | | | 0 | | Springing | | | | |
4 | | KOMO Plaza | | 12/16/2016 | | 12/8/2016 | | | | 12/8/2016 | | 6.0% | | N | | Y | | Acquisition | | 0 | | 0 | | Springing | | | | | | 0 | | Springing | | | | |
5 | | Santa Rosa Office Portfolio | | Various | | Various | | | | 8/31/2016 | | Various | | N | | Y | | Acquisition | | 0 | | 42,316 | | 42,316 | | Cash | | | | 0 | | Springing | | | | |
5.01 | | 100-120 Stony Point Road | | 1/9/2017 | | 8/25/2016 | | | | 8/31/2016 | | 11.0% | | N | | Y | | | | | | | | | | | | | | | | | | | | |
5.02 | | 131 Stony Circle | | 1/9/2017 | | 8/24/2016 | | | | 8/31/2016 | | 11.0% | | N | | Y | | | | | | | | | | | | | | | | | | | | |
5.03 | | 3333 Mendocino Avenue | | 1/11/2017 | | 8/23/2016 | | | | 8/31/2016 | | 12.0% | | N | | Y | | | | | | | | | | | | | | | | | | | | |
5.04 | | 70 Stony Point Road | | 1/9/2017 | | 8/25/2016 | | | | 8/31/2016 | | 11.0% | | N | | Y | | | | | | | | | | | | | | | | | | | | |
6 | | IPCC Texas Self Storage Portfolio | | Various | | Various | | | | | | | | N | | Y | | Acquisition | | 2,500 | | 0 | | Springing | | | | | | 0 | | Springing | | | | |
6.01 | | Coulter | | 1/20/2017 | | 9/28/2016 | | | | | | | | N | | Y | | | | | | | | | | | | | | | | | | | | |
6.02 | | Lubbock | | 1/20/2017 | | 9/27/2016 | | | | | | | | N | | Y | | | | | | | | | | | | | | | | | | | | |
6.03 | | Paramount | | 1/25/2017 | | 9/28/2016 | | | | | | | | N | | Y | | | | | | | | | | | | | | | | | | | | |
6.04 | | Tradewinds | | 1/24/2017 | | 9/28/2016 | | | | | | | | N | | Y | | | | | | | | | | | | | | | | | | | | |
6.05 | | AA 45th | | 11/4/2016 | | 9/27/2016 | | | | | | | | N | | Y | | | | | | | | | | | | | | | | | | | | |
6.06 | | Quail Creek | | 1/23/2017 | | 9/12/2016 | | | | | | | | N | | Y | | | | | | | | | | | | | | | | | | | | |
6.07 | | West 34th | | 1/23/2017 | | 9/28/2016 | | | | | | | | N | | Y | | | | | | | | | | | | | | | | | | | | |
6.08 | | Bell Street | | 11/4/2016 | | 9/28/2016 | | | | | | | | N | | Y | | | | | | | | | | | | | | | | | | | | |
6.09 | | Plainview | | 1/25/2017 | | 9/27/2016 | | | | | | | | N | | Y | | | | | | | | | | | | | | | | | | | | |
7 | | ExchangeRight Net Leased Portfolio 15 | | Various | | Various | | | | | | | | N | | Y | | Acquisition | | 0 | | 93,589 | | 51,358 | | Cash | | | | 10,347 | | 2,587 | | Cash | | |
7.01 | | Hobby Lobby - Brunswick, GA | | 2/13/2017 | | 2/13/2017 | | | | | | | | N | | Y | | | | | | | | | | | | | | | | | | | | |
7.02 | | Goodwill - Skokie, IL | | 11/4/2016 | | 11/14/2016 | | | | | | | | N | | Y | | | | | | | | | | | | | | | | | | | | |
7.03 | | CVS Pharmacy - Bolingbrook, IL | | 1/23/2017 | | 1/25/2017 | | | | | | | | N | | Y | | | | | | | | | | | | | | | | | | | | |
7.04 | | Walgreens - Independence, MO | | 12/9/2016 | | 12/13/2016 | | | | | | | | N | | Y | | | | | | | | | | | | | | | | | | | | |
7.05 | | Indianapolis Osteopathic Hospital, Inc | | 11/11/2016 | | 11/11/2016 | | | | | | | | N | | Y | | | | | | | | | | | | | | | | | | | | |
7.06 | | Walgreens - Arlington, TX | | 1/24/2017 | | 1/26/2017 | | | | | | | | N | | Y | | | | | | | | | | | | | | | | | | | | |
7.07 | | Fresenius Medical Care - St. Louis, MO | | 2/14/2017 | | 2/14/2017 | | | | | | | | N | | Y | | | | | | | | | | | | | | | | | | | | |
7.08 | | Advance Auto Parts - Mokena, IL | | 2/14/2017 | | 2/14/2017 | | | | | | | | N | | Y | | | | | | | | | | | | | | | | | | | | |
7.09 | | Advance Auto Parts - Norcross, GA | | 1/31/2017 | | 1/31/2017 | | | | | | | | N | | Y | | | | | | | | | | | | | | | | | | | | |
7.10 | | Dollar General - Gadsden, AL | | 12/22/2016 | | 12/22/2016 | | | | | | | | N | | Y | | | | | | | | | | | | | | | | | | | | |
7.11 | | Dollar General - Saint Amant, LA | | 11/8/2016 | | 11/8/2016 | | | | | | | | N | | Y | | | | | | | | | | | | | | | | | | | | |
7.12 | | Dollar General - Hammond, LA | | 11/4/2016 | | 11/7/2016 | | | | | | | | N | | Y | | | | | | | | | | | | | | | | | | | | |
7.13 | | Dollar General - Baton Rouge, LA | | 11/8/2016 | | 11/7/2016 | | | | | | | | N | | Y | | | | | | | | | | | | | | | | | | | | |
7.14 | | Dollar General - Sugar Creek, MO | | 10/31/2016 | | 11/1/2016 | | | | | | | | N | | Y | | | | | | | | | | | | | | | | | | | | |
7.15 | | Dollar General - Goshen, IN | | 2/13/2017 | | 2/13/2017 | | | | | | | | N | | Y | | | | | | | | | | | | | | | | | | | | |
7.16 | | Family Dollar - Baton Rouge, LA | | 2/15/2017 | | 2/15/2017 | | | | | | | | N | | Y | | | | | | | | | | | | | | | | | | | | |
8 | | 1166 Avenue of the Americas | | 12/13/2016 | | 12/9/2016 | | | | | | | | N | | Y | | Refinance | | 0 | | 0 | | Springing | | | | | | 0 | | Springing | | | | |
9 | | Hotel Wilshire | | 1/25/2017 | | 1/16/2017 | | | | 1/9/2017 | | 9.0% | | N | | Y | | Acquisition | | 0 | | 32,633 | | 32,633 | | Cash | | | | 14,346 | | 4,782 | | Cash | | |
10 | | Anaheim Marriott Suites | | 12/16/2016 | | 12/16/2016 | | | | 12/16/2016 | | 11.0% | | N | | Y | | Refinance | | 0 | | 171,890 | | 66,111 | | Cash | | | | 54,892 | | 15,248 | | Cash | | |
11 | | The Summit Birmingham | | 11/9/2016 | | 11/10/2016 | | | | | | | | N | | Y | | Refinance | | 0 | | 0 | | Springing | | | | | | 0 | | Springing | | | | |
12 | | Connecticut Financial Center | | 1/6/2017 | | 1/6/2017 | | | | | | | | N | | Y | | Refinance | | 0 | | 411,453 | | 114,293 | | Cash | | | | 145,683 | | 15,175 | | Cash | | |
13 | | Merrill Lynch Drive | | 12/30/2016 | | 12/30/2016 | | | | | | | | N | | Y | | Acquisition | | 18,113 | | 737,682 | | 122,947 | | Cash | | | | 124,482 | | 10,374 | | Cash | | |
14 | | Art Van Portfolio | | 2/6/2017 | | 2/6/2017 | | | | | | | | N | | Y | | Acquisition | | 0 | | 0 | | Springing | | | | | | 0 | | Springing | | | | |
14.01 | | Warren Distribution Center | | 2/6/2017 | | 2/6/2017 | | | | | | | | N | | Y | | | | | | | | | | | | | | | | | | | | |
14.02 | | Comstock Park Retail | | 2/6/2017 | | 2/6/2017 | | | | | | | | N | | Y | | | | | | | | | | | | | | | | | | | | |
14.03 | | Grand Rapids Retail | | 2/6/2017 | | 2/6/2017 | | | | | | | | N | | Y | | | | | | | | | | | | | | | | | | | | |
14.04 | | Bloomfield Hills Retail | | 2/6/2017 | | 2/6/2017 | | | | | | | | N | | Y | | | | | | | | | | | | | | | | | | | | |
14.05 | | Mattress Distribution Center | | 2/6/2017 | | 2/6/2017 | | | | | | | | N | | Y | | | | | | | | | | | | | | | | | | | | |
15 | | Rivercrest Realty Portfolio 2017 | | Various | | Various | | | | | | | | N | | Y | | Acquisition | | 0 | | 82,869 | | 15,733 | | Cash | | | | 0 | | Springing | | | | |
15.01 | | Towne Centre Village Retail Center | | 12/28/2016 | | 9/23/2016 | | | | | | | | N | | Y | | | | | | | | | | | | | | | | | | | | |
15.02 | | Hillcrest Shopping Center | | 12/29/2016 | | 1/23/2017 | | | | | | | | N | | Y | | | | | | | | | | | | | | | | | | | | |
15.03 | | Shippensburg Shopping Center | | 12/30/2016 | | 1/23/2017 | | | | | | | | N | | Y | | | | | | | | | | | | | | | | | | | | |
15.04 | | Callaway Commons | | 12/30/2016 | | 1/6/2017 | | | | | | | | N | | Y | | | | | | | | | | | | | | | | | | | | |
15.05 | | Tri-Rivers Plaza | | 12/30/2016 | | 12/30/2016 | | | | | | | | N | | Y | | | | | | | | | | | | | | | | | | | | |
15.06 | | The Alta Vista Commons | | 12/30/2016 | | 1/23/2017 | | | | | | | | N | | Y | | | | | | | | | | | | | | | | | | | | |
16 | | 100 Ashford Center | | 1/19/2017 | | 12/28/2016 | | | | | | | | N | | Y | | Acquisition | | 0 | | 131,279 | | 32,820 | | Cash | | | | 7,601 | | 3,800 | | Cash | | |
17 | | 340 Bryant | | 12/7/2016 | | 1/26/2017 | | | | 1/26/2017 | | 16.0% | | N | | Y | | Acquisition | | 0 | | 145,000 | | 48,333 | | Cash | | | | 13,868 | | 1,981 | | Cash | | |
18 | | Quail Lakes Shopping Center | | 1/17/2017 | | 1/17/2017 | | | | 1/17/2017 | | 12.0% | | N | | Y | | Refinance | | 0 | | 0 | | 19,283 | | Cash | | | | 21,612 | | Springing | | Cash | | |
19 | | Crystal Lake Apartments | | 11/18/2016 | | 11/18/2016 | | | | | | | | N | | Y | | Acquisition | | 5,000 | | 72,129 | | 18,032 | | Cash | | | | 12,823 | | 6,411 | | Cash | | |
20 | | Empire Tower II | | 1/24/2017 | | 4/1/2016 | | | | 4/1/2016 | | 13.0% | | N | | Y | | Acquisition | | 0 | | 0 | | 12,699 | | Cash | | | | 1,842 | | 921 | | Cash | | |
21 | | Empire Tower III | | 1/24/2017 | | 4/1/2016 | | | | 4/1/2016 | | 13.0% | | N | | Y | | Acquisition | | 0 | | 0 | | 14,048 | | Cash | | | | 2,382 | | 1,191 | | Cash | | |
22 | | Center Ithaca | | 10/11/2016 | | 10/7/2016 | | | | | | | | N | | Y | | Recapitalization | | 0 | | 100,500 | | 21,452 | | Cash | | | | 8,193 | | Springing | | Cash | | |
23 | | Horizon Village Square | | 10/26/2016 | | 11/2/2016 | | | | | | | | N | | Y | | Acquisition | | 11,250 | | 4,398 | | 4,398 | | Cash | | | | 12,110 | | 932 | | Cash | | |
24 | | Haynes Furniture Store | | 11/21/2016 | | 11/23/2016 | | | | | | | | N | | Y | | Refinance | | 0 | | 26,745 | | 8,915 | | Cash | | | | 82,847 | | 10,356 | | Cash | | |
25 | | Hampton Inn Munster | | 2/22/2017 | | 2/22/2017 | | | | | | | | N | | Y | | Refinance | | 0 | | 124,613 | | 24,923 | | Cash | | | | 0 | | Springing | | | | |
26 | | North Hills Village Apartments | | 1/3/2017 | | 1/3/2017 | | | | | | | | N | | Y | | Refinance | | 0 | | 58,780 | | 14,695 | | Cash | | | | 26,400 | | 4,400 | | Cash | | |
27 | | East Side Plaza - LA | | 1/9/2017 | | 1/9/2017 | | | | | | | | N | | Y | | Acquisition | | 0 | | 63,854 | | 15,963 | | Cash | | | | 4,111 | | 4,111 | | Cash | | |
28 | | Fairfield Inn & Suites - Bend, OR | | 1/5/2017 | | 1/9/2017 | | | | | | | | N | | Y | | Refinance | | 13,125 | | 20,492 | | 5,123 | | Cash | | | | 0 | | Springing | | | | |
29 | | Lawai Cannery Self-Storage | | 12/9/2016 | | 12/9/2016 | | | | | | | | N | | Y | | Refinance | | 19,980 | | 13,204 | | 4,401 | | Cash | | | | 24,480 | | 3,108 | | Cash | | |
30 | | The Promenade Shopping Centre | | 1/12/2017 | | 1/12/2017 | | | | | | | | N | | Y | | Refinance | | 35,625 | | 43,512 | | 7,252 | | Cash | | | | 11,473 | | 1,043 | | Cash | | |
31 | | StoreSmart Conway | | 8/24/2016 | | 8/24/2016 | | | | | | | | N | | Y | | Refinance | | 2,813 | | 30,727 | | 2,899 | | Cash | | | | 1,299 | | 500 | | Cash | | |
32 | | SPS - Gaithersburg | | 1/24/2017 | | 1/9/2017 | | | | | | | | N | | Y | | Acquisition | | 0 | | 0 | | Springing | | | | | | 0 | | Springing | | | | |
33 | | CT Storage Outlet Pomona | | 11/18/2016 | | 11/30/2016 | | | | 11/18/2016 | | 12.0% | | N | | Y | | Refinance | | 0 | | 25,092 | | 6,273 | | Cash | | | | 0 | | Springing | | | | |
34 | | Shops at The Artisan | | 1/24/2017 | | 1/31/2017 | | | | | | | | N | | Y | | Acquisition | | 0 | | 33,835 | | 5,639 | | Cash | | | | 756 | | 189 | | Cash | | |
35 | | The Milliken Building | | 1/20/2017 | | 1/23/2017 | | | | | | | | N | | Y | | Refinance | | 0 | | 0 | | 0 | | | | | | 7,329 | | 1,047 | | Cash | | |
36 | | South Houston Self Storage | | 11/23/2016 | | | | | | | | | | N | | Y | | Refinance | | 0 | | 5,174 | | 5,174 | | Cash | | | | 0 | | Springing | | | | |
37 | | Snellville Place | | 1/16/2017 | | 1/17/2017 | | | | | | | | N | | Y | | Acquisition | | 0 | | 14,644 | | 2,092 | | Cash | | | | 682 | | 341 | | Cash | | |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
| | | | | | | | | | | | | | | | | | | | | | | | | | |
Mortgage Loan Number | | Property Name | | Upfront Replacement Reserve ($) | | Monthly Replacement Reserve ($) (14) | | Replacement Reserve Cap ($) | | Replacement Reserve Escrow - Cash or LoC | | Replacement Reserve Escrow - LoC Counterparty | | Upfront TI/LC Reserve ($) | | Monthly TI/LC Reserve ($) (15) | | TI/LC Reserve Cap ($) | | TI/LC Escrow - Cash or LoC | | TI/LC Escrow - LoC Counterparty | | Debt Service Escrow (Initial) ($) | | Debt Service Escrow (Monthly) ($) |
1 | | 123 William Street | | 0 | | Springing | | 0 | | | | | | 0 | | Springing | | 0 | | | | | | 0 | | 0 |
2 | | The Davenport | | 0 | | Springing | | 0 | | | | | | 0 | | Springing | | 0 | | | | | | 0 | | 0 |
3 | | Center West | | 0 | | Springing | | 0 | | | | | | 0 | | Springing | | 0 | | | | | | 0 | | 0 |
4 | | KOMO Plaza | | 0 | | Springing | | 0 | | | | | | 0 | | Springing | | 0 | | | | | | 0 | | 0 |
5 | | Santa Rosa Office Portfolio | | 1,000,000 | | Springing | | 0 | | Cash | | | | 1,100,000 | | 42,697 | | Monthly deposit commences once balance falls below $600,000, subject to a cap of $1,000,000 | | Cash | | | | 0 | | 0 |
5.01 | | 100-120 Stony Point Road | | | | | | | | | | | | | | | | | | | | | | | | |
5.02 | | 131 Stony Circle | | | | | | | | | | | | | | | | | | | | | | | | |
5.03 | | 3333 Mendocino Avenue | | | | | | | | | | | | | | | | | | | | | | | | |
5.04 | | 70 Stony Point Road | | | | | | | | | | | | | | | | | | | | | | | | |
6 | | IPCC Texas Self Storage Portfolio | | 70,000 | | Springing | | 0 | | Cash | | | | 0 | | 0 | | 0 | | | | | | 0 | | 0 |
6.01 | | Coulter | | | | | | | | | | | | | | | | | | | | | | | | |
6.02 | | Lubbock | | | | | | | | | | | | | | | | | | | | | | | | |
6.03 | | Paramount | | | | | | | | | | | | | | | | | | | | | | | | |
6.04 | | Tradewinds | | | | | | | | | | | | | | | | | | | | | | | | |
6.05 | | AA 45th | | | | | | | | | | | | | | | | | | | | | | | | |
6.06 | | Quail Creek | | | | | | | | | | | | | | | | | | | | | | | | |
6.07 | | West 34th | | | | | | | | | | | | | | | | | | | | | | | | |
6.08 | | Bell Street | | | | | | | | | | | | | | | | | | | | | | | | |
6.09 | | Plainview | | | | | | | | | | | | | | | | | | | | | | | | |
7 | | ExchangeRight Net Leased Portfolio 15 | | 344,598 | | 2,040 | | 0 | | Cash | | | | 500,000 | | Springing | | 0 | | Cash | | | | 0 | | 0 |
7.01 | | Hobby Lobby - Brunswick, GA | | | | | | | | | | | | | | | | | | | | | | | | |
7.02 | | Goodwill - Skokie, IL | | | | | | | | | | | | | | | | | | | | | | | | |
7.03 | | CVS Pharmacy - Bolingbrook, IL | | | | | | | | | | | | | | | | | | | | | | | | |
7.04 | | Walgreens - Independence, MO | | | | | | | | | | | | | | | | | | | | | | | | |
7.05 | | Indianapolis Osteopathic Hospital, Inc | | | | | | | | | | | | | | | | | | | | | | | | |
7.06 | | Walgreens - Arlington, TX | | | | | | | | | | | | | | | | | | | | | | | | |
7.07 | | Fresenius Medical Care - St. Louis, MO | | | | | | | | | | | | | | | | | | | | | | | | |
7.08 | | Advance Auto Parts - Mokena, IL | | | | | | | | | | | | | | | | | | | | | | | | |
7.09 | | Advance Auto Parts - Norcross, GA | | | | | | | | | | | | | | | | | | | | | | | | |
7.10 | | Dollar General - Gadsden, AL | | | | | | | | | | | | | | | | | | | | | | | | |
7.11 | | Dollar General - Saint Amant, LA | | | | | | | | | | | | | | | | | | | | | | | | |
7.12 | | Dollar General - Hammond, LA | | | | | | | | | | | | | | | | | | | | | | | | |
7.13 | | Dollar General - Baton Rouge, LA | | | | | | | | | | | | | | | | | | | | | | | | |
7.14 | | Dollar General - Sugar Creek, MO | | | | | | | | | | | | | | | | | | | | | | | | |
7.15 | | Dollar General - Goshen, IN | | | | | | | | | | | | | | | | | | | | | | | | |
7.16 | | Family Dollar - Baton Rouge, LA | | | | | | | | | | | | | | | | | | | | | | | | |
8 | | 1166 Avenue of the Americas | | 0 | | Springing | | 0 | | | | | | 0 | | Springing | | 0 | | | | | | 0 | | 0 |
9 | | Hotel Wilshire | | 0 | | Springing | | 0 | | | | | | 0 | | 0 | | 0 | | | | | | 0 | | 0 |
10 | | Anaheim Marriott Suites | | 0 | | 8,462 | | 0 | | Cash | | | | 0 | | 0 | | 0 | | | | | | 0 | | 0 |
11 | | The Summit Birmingham | | 0 | | Springing | | 0 | | | | | | 0 | | Springing | | 0 | | | | | | 0 | | 0 |
12 | | Connecticut Financial Center | | 0 | | 5,878 | | 0 | | Cash | | | | 0 | | 54,863 | | 2,000,000 | | Cash | | | | 0 | | 0 |
13 | | Merrill Lynch Drive | | 0 | | 6,923 | | 0 | | Cash | | | | 0 | | 0 | | 0 | | | | | | 0 | | 0 |
14 | | Art Van Portfolio | | 0 | | Springing | | 0 | | | | | | 0 | | Springing | | 0 | | | | | | 0 | | 0 |
14.01 | | Warren Distribution Center | | | | | | | | | | | | | | | | | | | | | | | | |
14.02 | | Comstock Park Retail | | | | | | | | | | | | | | | | | | | | | | | | |
14.03 | | Grand Rapids Retail | | | | | | | | | | | | | | | | | | | | | | | | |
14.04 | | Bloomfield Hills Retail | | | | | | | | | | | | | | | | | | | | | | | | |
14.05 | | Mattress Distribution Center | | | | | | | | | | | | | | | | | | | | | | | | |
15 | | Rivercrest Realty Portfolio 2017 | | 0 | | 2,250 | | 0 | | Cash | | | | 325,000 | | 15,003; Springing | | 325,000 | | Cash | | | | 0 | | 0 |
15.01 | | Towne Centre Village Retail Center | | | | | | | | | | | | | | | | | | | | | | | | |
15.02 | | Hillcrest Shopping Center | | | | | | | | | | | | | | | | | | | | | | | | |
15.03 | | Shippensburg Shopping Center | | | | | | | | | | | | | | | | | | | | | | | | |
15.04 | | Callaway Commons | | | | | | | | | | | | | | | | | | | | | | | | |
15.05 | | Tri-Rivers Plaza | | | | | | | | | | | | | | | | | | | | | | | | |
15.06 | | The Alta Vista Commons | | | | | | | | | | | | | | | | | | | | | | | | |
16 | | 100 Ashford Center | | 2,280 | | 3,247 | | 0 | | Cash | | | | 760,000 | | 13,527 | | 1,000,000 | | Cash | | | | 0 | | 0 |
17 | | 340 Bryant | | 0 | | 1,038 | | 0 | | Cash | | | | 0 | | 5,189 | | 0 | | Cash | | | | 0 | | 0 |
18 | | Quail Lakes Shopping Center | | 0 | | 2,340 | | 84,000 | | Cash | | | | 0 | | Springing | | 0 | | | | | | 0 | | 0 |
19 | | Crystal Lake Apartments | | 1,029,600 | | 4,667 | | 0 | | Cash | | | | 0 | | 0 | | 0 | | | | | | 0 | | 0 |
20 | | Empire Tower II | | 0 | | 1,459 | | 0 | | Cash | | | | 50,000 | | 9,047 | | 325,000 | | Cash | | | | 0 | | 0 |
21 | | Empire Tower III | | 0 | | 1,567 | | 0 | | Cash | | | | 300,000 | | 9,715 | | 0 | | Cash | | | | 0 | | 0 |
22 | | Center Ithaca | | 50,000 | | Springing | | 0 | | Cash | | | | 200,000 | | Springing | | 0 | | Cash | | | | 0 | | 0 |
23 | | Horizon Village Square | | 858 | | 858 | | 30,870 | | Cash | | | | 5,359 | | 5,359 | | 192,938 | | Cash | | | | 0 | | 0 |
24 | | Haynes Furniture Store | | 627,813 | | 3,507 | | 0 | | Cash | | | | 0 | | 0 | | 0 | | | | | | 0 | | 0 |
25 | | Hampton Inn Munster | | 0 | | Springing | | 0 | | | | | | 0 | | 0 | | 0 | | | | | | 0 | | 0 |
26 | | North Hills Village Apartments | | 500,000 | | Springing | | 0 | | Cash | | | | 0 | | 0 | | 0 | | | | | | 0 | | 0 |
27 | | East Side Plaza - LA | | 0 | | 1,313 | | 50,000 | | Cash | | | | 0 | | 6,038 | | 250,000 | | Cash | | | | 0 | | 0 |
28 | | Fairfield Inn & Suites - Bend, OR | | 0 | | 11,103 | | 0 | | Cash | | | | 0 | | 0 | | 0 | | | | | | 0 | | 0 |
29 | | Lawai Cannery Self-Storage | | 90,000 | | 0 | | 0 | | Cash | | | | 0 | | 0 | | 0 | | | | | | 0 | | 0 |
30 | | The Promenade Shopping Centre | | 0 | | 1,188 | | 0 | | Cash | | | | 0 | | 6,652 | | 0 | | Cash | | | | 0 | | 0 |
31 | | StoreSmart Conway | | 0 | | 965 | | 0 | | Cash | | | | 0 | | 0 | | 0 | | | | | | 0 | | 0 |
32 | | SPS - Gaithersburg | | 658,000 | | Springing | | 0 | | Cash | | | | 0 | | 0 | | 0 | | | | | | 0 | | 0 |
33 | | CT Storage Outlet Pomona | | 0 | | 836; Springing | | 30,000 | | Cash | | | | 0 | | 0 | | 0 | | | | | | 0 | | 0 |
34 | | Shops at The Artisan | | 0 | | 181 | | 10,862 | | Cash | | | | 0 | | 1,358 | | 81,465 | | Cash | | | | 0 | | 0 |
35 | | The Milliken Building | | 0 | | 854 | | 0 | | Cash | | | | 0 | | 1,281 | | 0 | | Cash | | | | 0 | | 0 |
36 | | South Houston Self Storage | | 0 | | 975 | | 0 | | Cash | | | | 0 | | 0 | | 0 | | | | | | 0 | | 0 |
37 | | Snellville Place | | 20,000 | | 234 | | 0 | | Cash | | | | 50,000 | | 868 | | 75,000 | | Cash | | | | 0 | | 0 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
| | | | | | | | | | | | | | | | | | | | |
Mortgage Loan Number | | Property Name | | Debt Service Escrow - Cash or LoC | | Debt Service Escrow - LoC Counterparty | | Other Escrow I Reserve Description | | Other Escrow I (Initial) ($) (5) (8) | | Other Escrow I (Monthly) ($) (14) | | Other Escrow I Cap ($) | | Other Escrow I Escrow - Cash or LoC | | Other Escrow I - LoC Counterparty | | Other Escrow II Reserve Description |
1 | | 123 William Street | | | | | | TI/LC and Free Rent Reserve | | 4,819,755 | | 0 | | 0 | | Cash | | | | DYCD Reserve |
2 | | The Davenport | | | | | | Rent Abatement Reserve | | 2,030,190 | | 78,177 | | 938,123 | | Cash | | | | Tenant Specific TILC / Basement Reserve |
3 | | Center West | | | | | | Unfunded Obligations Reserve | | 2,352,223 | | 0 | | 0 | | Cash | | | | Ground Rent Reserve |
4 | | KOMO Plaza | | | | | | Verizon Reserve | | 2,500,000 | | 0 | | 0 | | Cash | | | | |
5 | | Santa Rosa Office Portfolio | | | | | | Kaiser and Pacific Union Lease Reserve | | 600,000 | | 0 | | 0 | | Cash | | | | |
5.01 | | 100-120 Stony Point Road | | | | | | | | | | | | | | | | | | |
5.02 | | 131 Stony Circle | | | | | | | | | | | | | | | | | | |
5.03 | | 3333 Mendocino Avenue | | | | | | | | | | | | | | | | | | |
5.04 | | 70 Stony Point Road | | | | | | | | | | | | | | | | | | |
6 | | IPCC Texas Self Storage Portfolio | | | | | | | | 0 | | 0 | | 0 | | | | | | |
6.01 | | Coulter | | | | | | | | | | | | | | | | | | |
6.02 | | Lubbock | | | | | | | | | | | | | | | | | | |
6.03 | | Paramount | | | | | | | | | | | | | | | | | | |
6.04 | | Tradewinds | | | | | | | | | | | | | | | | | | |
6.05 | | AA 45th | | | | | | | | | | | | | | | | | | |
6.06 | | Quail Creek | | | | | | | | | | | | | | | | | | |
6.07 | | West 34th | | | | | | | | | | | | | | | | | | |
6.08 | | Bell Street | | | | | | | | | | | | | | | | | | |
6.09 | | Plainview | | | | | | | | | | | | | | | | | | |
7 | | ExchangeRight Net Leased Portfolio 15 | | | | | | Osteopathic Hospital Rollover Reserve | | 0 | | Springing | | 0 | | | | | | |
7.01 | | Hobby Lobby - Brunswick, GA | | | | | | | | | | | | | | | | | | |
7.02 | | Goodwill - Skokie, IL | | | | | | | | | | | | | | | | | | |
7.03 | | CVS Pharmacy - Bolingbrook, IL | | | | | | | | | | | | | | | | | | |
7.04 | | Walgreens - Independence, MO | | | | | | | | | | | | | | | | | | |
7.05 | | Indianapolis Osteopathic Hospital, Inc | | | | | | | | | | | | | | | | | | |
7.06 | | Walgreens - Arlington, TX | | | | | | | | | | | | | | | | | | |
7.07 | | Fresenius Medical Care - St. Louis, MO | | | | | | | | | | | | | | | | | | |
7.08 | | Advance Auto Parts - Mokena, IL | | | | | | | | | | | | | | | | | | |
7.09 | | Advance Auto Parts - Norcross, GA | | | | | | | | | | | | | | | | | | |
7.10 | | Dollar General - Gadsden, AL | | | | | | | | | | | | | | | | | | |
7.11 | | Dollar General - Saint Amant, LA | | | | | | | | | | | | | | | | | | |
7.12 | | Dollar General - Hammond, LA | | | | | | | | | | | | | | | | | | |
7.13 | | Dollar General - Baton Rouge, LA | | | | | | | | | | | | | | | | | | |
7.14 | | Dollar General - Sugar Creek, MO | | | | | | | | | | | | | | | | | | |
7.15 | | Dollar General - Goshen, IN | | | | | | | | | | | | | | | | | | |
7.16 | | Family Dollar - Baton Rouge, LA | | | | | | | | | | | | | | | | | | |
8 | | 1166 Avenue of the Americas | | | | | | Unfunded Obligations Reserve ($7,539,492); Unfunded Free Rent Reserve ($5,742,179); Condominium Assessment Reserve (Springing) | | 13,281,671 | | Springing | | 0 | | Cash | | | | Third Floor Reserve ($4,058,916); Lobby Renovation Reserve ($488,422) |
9 | | Hotel Wilshire | | | | | | PIP Reserve | | 0 | | Springing | | 0 | | | | | | Seasonality Reserve |
10 | | Anaheim Marriott Suites | | | | | | Renovation Project Reserve | | 1,300,000 | | 84,624 | | 0 | | Cash | | | | Seasonality Reserve; PIP Reserve |
11 | | The Summit Birmingham | | | | | | Outstanding TI/LC Reserve ($1,989,285); Overage Rent Reserve ($506,123) | | 2,495,408 | | 0 | | 0 | | Cash | | | | Gap Rent Reserves |
12 | | Connecticut Financial Center | | | | | | Unfunded Obligations Reserve | | 1,615,176 | | 0 | | 0 | | Cash | | | | |
13 | | Merrill Lynch Drive | | | | | | | | 0 | | 0 | | 0 | | | | | | |
14 | | Art Van Portfolio | | | | | | Condo Common Charges | | 0 | | Springing | | 0 | | | | | | Art Van Prepaid Rent Funds |
14.01 | | Warren Distribution Center | | | | | | | | | | | | | | | | | | |
14.02 | | Comstock Park Retail | | | | | | | | | | | | | | | | | | |
14.03 | | Grand Rapids Retail | | | | | | | | | | | | | | | | | | |
14.04 | | Bloomfield Hills Retail | | | | | | | | | | | | | | | | | | |
14.05 | | Mattress Distribution Center | | | | | | | | | | | | | | | | | | |
15 | | Rivercrest Realty Portfolio 2017 | | | | | | Unfunded Obligations | | 20,000 | | 0 | | 0 | | Cash | | | | Free Rent Reserve |
15.01 | | Towne Centre Village Retail Center | | | | | | | | | | | | | | | | | | |
15.02 | | Hillcrest Shopping Center | | | | | | | | | | | | | | | | | | |
15.03 | | Shippensburg Shopping Center | | | | | | | | | | | | | | | | | | |
15.04 | | Callaway Commons | | | | | | | | | | | | | | | | | | |
15.05 | | Tri-Rivers Plaza | | | | | | | | | | | | | | | | | | |
15.06 | | The Alta Vista Commons | | | | | | | | | | | | | | | | | | |
16 | | 100 Ashford Center | | | | | | Southeastern Data Coorperative Tenant Improvement Reserve | | 422,863 | | 0 | | 0 | | Cash | | | | |
17 | | 340 Bryant | | | | | | Switchfly Reserve | | 500,000 | | 0 | | 0 | | Cash | | | | Switchfly LoC Reserve |
18 | | Quail Lakes Shopping Center | | | | | | | | 0 | | 0 | | 0 | | | | | | |
19 | | Crystal Lake Apartments | | | | | | | | 0 | | 0 | | 0 | | | | | | |
20 | | Empire Tower II | | | | | | Rent Concession Reserve | | 75,256 | | 0 | | 0 | | Cash | | | | Tenant Specific TILC Reserve |
21 | | Empire Tower III | | | | | | | | 0 | | 0 | | 0 | | | | | | |
22 | | Center Ithaca | | | | | | | | 0 | | 0 | | 0 | | | | | | |
23 | | Horizon Village Square | | | | | | Outstanding Leasing Reserve | | 89,600 | | 0 | | 0 | | Cash | | | | |
24 | | Haynes Furniture Store | | | | | | | | 0 | | 0 | | 0 | | | | | | |
25 | | Hampton Inn Munster | | | | | | PIP Reserve | | 1,105,000 | | 0 | | 0 | | Cash | | | | |
26 | | North Hills Village Apartments | | | | | | | | 0 | | 0 | | 0 | | | | | | |
27 | | East Side Plaza - LA | | | | | | Michaels Reserve | | 100,000 | | 0 | | 0 | | Cash | | | | |
28 | | Fairfield Inn & Suites - Bend, OR | | | | | | PIP Reserve | | 1,245,970 | | Springing | | 0 | | Cash | | | | |
29 | | Lawai Cannery Self-Storage | | | | | | | | 0 | | 0 | | 0 | | | | | | |
30 | | The Promenade Shopping Centre | | | | | | Chow King Rent Concession Reserve | | 39,050 | | 0 | | 0 | | Cash | | | | |
31 | | StoreSmart Conway | | | | | | | | 0 | | 0 | | 0 | | | | | | |
32 | | SPS - Gaithersburg | | | | | | | | 0 | | 0 | | 0 | | | | | | |
33 | | CT Storage Outlet Pomona | | | | | | | | 0 | | 0 | | 0 | | | | | | |
34 | | Shops at The Artisan | | | | | | HOA Reserve | | 8,761 | | 0 | | 0 | | Cash | | | | |
35 | | The Milliken Building | | | | | | | | 0 | | 0 | | 0 | | | | | | |
36 | | South Houston Self Storage | | | | | | | | 0 | | 0 | | 0 | | | | | | |
37 | | Snellville Place | | | | | | | | 0 | | 0 | | 0 | | | | | | |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
| | | | | | | | | | | | | | | | | | | | |
Mortgage Loan Number | | Property Name | | Other Escrow II (Initial) ($) | | Other Escrow II (Monthly) ($) (14) | | Other Escrow II Cap ($) | | Other Escrow II Escrow - Cash or LoC | | Other Escrow II - LoC Counterparty | | Holdback | | Ownership Interest | | Ground Lease Initial Expiration Date | | Annual Ground Rent Payment |
1 | | 123 William Street | | 20,000,000 | | 0 | | 0 | | Cash | | | | | | Fee | | | | |
2 | | The Davenport | | Tenant Specific TILC - $7,938,810.09 / Basement -$94,633.33 | | Tenant Specific TILC - $181,108.26 / Basement - $94,633.33 | | Tenant Specific TILC - $2,173,299 / Basement - $1,135,600 | | Cash | | | | | | Fee | | | | |
3 | | Center West | | 0 | | Springing | | 0 | | | | | | | | Leasehold | | 12/23/2085 | | $1,589,160 |
4 | | KOMO Plaza | | 0 | | 0 | | 0 | | | | | | | | Fee | | | | |
5 | | Santa Rosa Office Portfolio | | 0 | | 0 | | 0 | | | | | | | | Fee | | | | |
5.01 | | 100-120 Stony Point Road | | | | | | | | | | | | | | Fee | | | | |
5.02 | | 131 Stony Circle | | | | | | | | | | | | | | Fee | | | | |
5.03 | | 3333 Mendocino Avenue | | | | | | | | | | | | | | Fee | | | | |
5.04 | | 70 Stony Point Road | | | | | | | | | | | | | | Fee | | | | |
6 | | IPCC Texas Self Storage Portfolio | | 0 | | 0 | | 0 | | | | | | | | Fee | | | | |
6.01 | | Coulter | | | | | | | | | | | | | | Fee | | | | |
6.02 | | Lubbock | | | | | | | | | | | | | | Fee | | | | |
6.03 | | Paramount | | | | | | | | | | | | | | Fee | | | | |
6.04 | | Tradewinds | | | | | | | | | | | | | | Fee | | | | |
6.05 | | AA 45th | | | | | | | | | | | | | | Fee | | | | |
6.06 | | Quail Creek | | | | | | | | | | | | | | Fee | | | | |
6.07 | | West 34th | | | | | | | | | | | | | | Fee | | | | |
6.08 | | Bell Street | | | | | | | | | | | | | | Fee | | | | |
6.09 | | Plainview | | | | | | | | | | | | | | Fee | | | | |
7 | | ExchangeRight Net Leased Portfolio 15 | | 0 | | 0 | | 0 | | | | | | | | Fee | | | | |
7.01 | | Hobby Lobby - Brunswick, GA | | | | | | | | | | | | | | Fee | | | | |
7.02 | | Goodwill - Skokie, IL | | | | | | | | | | | | | | Fee | | | | |
7.03 | | CVS Pharmacy - Bolingbrook, IL | | | | | | | | | | | | | | Fee | | | | |
7.04 | | Walgreens - Independence, MO | | | | | | | | | | | | | | Fee | | | | |
7.05 | | Indianapolis Osteopathic Hospital, Inc | | | | | | | | | | | | | | Fee | | | | |
7.06 | | Walgreens - Arlington, TX | | | | | | | | | | | | | | Fee | | | | |
7.07 | | Fresenius Medical Care - St. Louis, MO | | | | | | | | | | | | | | Fee | | | | |
7.08 | | Advance Auto Parts - Mokena, IL | | | | | | | | | | | | | | Fee | | | | |
7.09 | | Advance Auto Parts - Norcross, GA | | | | | | | | | | | | | | Fee | | | | |
7.10 | | Dollar General - Gadsden, AL | | | | | | | | | | | | | | Fee | | | | |
7.11 | | Dollar General - Saint Amant, LA | | | | | | | | | | | | | | Fee | | | | |
7.12 | | Dollar General - Hammond, LA | | | | | | | | | | | | | | Fee | | | | |
7.13 | | Dollar General - Baton Rouge, LA | | | | | | | | | | | | | | Fee | | | | |
7.14 | | Dollar General - Sugar Creek, MO | | | | | | | | | | | | | | Fee | | | | |
7.15 | | Dollar General - Goshen, IN | | | | | | | | | | | | | | Fee | | | | |
7.16 | | Family Dollar - Baton Rouge, LA | | | | | | | | | | | | | | Fee | | | | |
8 | | 1166 Avenue of the Americas | | 4,547,338 | | 0 | | 0 | | Cash | | | | | | Fee | | | | |
9 | | Hotel Wilshire | | 0 | | Springing | | 0 | | | | | | | | Fee | | | | |
10 | | Anaheim Marriott Suites | | 0 | | Springing | | 0 | | | | | | | | Fee | | | | |
11 | | The Summit Birmingham | | 346,727 | | 0 | | 0 | | Cash | | | | | | Fee | | | | |
12 | | Connecticut Financial Center | | 0 | | 0 | | 0 | | | | | | | | Leasehold | | 10/31/2111 | | $0 |
13 | | Merrill Lynch Drive | | 0 | | 0 | | 0 | | | | | | | | Fee | | | | |
14 | | Art Van Portfolio | | 0 | | Springing | | 0 | | | | | | | | Fee | | | | |
14.01 | | Warren Distribution Center | | | | | | | | | | | | | | Fee | | | | |
14.02 | | Comstock Park Retail | | | | | | | | | | | | | | Fee | | | | |
14.03 | | Grand Rapids Retail | | | | | | | | | | | | | | Fee | | | | |
14.04 | | Bloomfield Hills Retail | | | | | | | | | | | | | | Fee | | | | |
14.05 | | Mattress Distribution Center | | | | | | | | | | | | | | Fee | | | | |
15 | | Rivercrest Realty Portfolio 2017 | | 11,543 | | 0 | | 0 | | Cash | | | | | | Fee | | | | |
15.01 | | Towne Centre Village Retail Center | | | | | | | | | | | | | | Fee | | | | |
15.02 | | Hillcrest Shopping Center | | | | | | | | | | | | | | Fee | | | | |
15.03 | | Shippensburg Shopping Center | | | | | | | | | | | | | | Fee | | | | |
15.04 | | Callaway Commons | | | | | | | | | | | | | | Fee | | | | |
15.05 | | Tri-Rivers Plaza | | | | | | | | | | | | | | Fee | | | | |
15.06 | | The Alta Vista Commons | | | | | | | | | | | | | | Fee | | | | |
16 | | 100 Ashford Center | | 0 | | 0 | | 0 | | | | | | | | Fee | | | | |
17 | | 340 Bryant | | 2,082,167 | | 0 | | 0 | | LoC | | Silicon Valley Bank | | | | Fee | | | | |
18 | | Quail Lakes Shopping Center | | 0 | | 0 | | 0 | | | | | | | | Fee | | | | |
19 | | Crystal Lake Apartments | | 0 | | 0 | | 0 | | | | | | | | Fee | | | | |
20 | | Empire Tower II | | 338,652 | | 0 | | 0 | | Cash | | | | | | Fee | | | | |
21 | | Empire Tower III | | 0 | | 0 | | 0 | | | | | | | | Fee | | | | |
22 | | Center Ithaca | | 0 | | 0 | | 0 | | | | | | | | Fee | | | | |
23 | | Horizon Village Square | | 0 | | 0 | | 0 | | | | | | | | Fee | | | | |
24 | | Haynes Furniture Store | | 0 | | 0 | | 0 | | | | | | | | Fee | | | | |
25 | | Hampton Inn Munster | | 0 | | 0 | | 0 | | | | | | | | Fee | | | | |
26 | | North Hills Village Apartments | | 0 | | 0 | | 0 | | | | | | | | Fee | | | | |
27 | | East Side Plaza - LA | | 0 | | 0 | | 0 | | | | | | | | Fee | | | | |
28 | | Fairfield Inn & Suites - Bend, OR | | 0 | | 0 | | 0 | | | | | | | | Fee | | | | |
29 | | Lawai Cannery Self-Storage | | 0 | | 0 | | 0 | | | | | | | | Fee | | | | |
30 | | The Promenade Shopping Centre | | 0 | | 0 | | 0 | | | | | | | | Fee | | | | |
31 | | StoreSmart Conway | | 0 | | 0 | | 0 | | | | | | | | Fee | | | | |
32 | | SPS - Gaithersburg | | 0 | | 0 | | 0 | | | | | | | | Fee | | | | |
33 | | CT Storage Outlet Pomona | | 0 | | 0 | | 0 | | | | | | | | Leasehold | | 4/21/2042 | | $192,000 |
34 | | Shops at The Artisan | | 0 | | 0 | | 0 | | | | | | | | Fee | | | | |
35 | | The Milliken Building | | 0 | | 0 | | 0 | | | | | | | | Fee | | | | |
36 | | South Houston Self Storage | | 0 | | 0 | | 0 | | | | | | | | Fee | | | | |
37 | | Snellville Place | | 0 | | 0 | | 0 | | | | | | | | Fee | | | | |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
| | | | | | | | | | | | | | | | | | | | | | |
Mortgage Loan Number | | Property Name | | Annual Ground Rent Increases | | Lockbox | | Whole Loan Cut-off Date Balance ($) | | Whole Loan Debt Service ($) | | Subordinate Secured Debt Original Balance ($) | | Subordinate Secured Debt Cut-off Date Balance ($) | | Whole Loan U/W NOI DSCR (x) | | Whole Loan U/W NCF DSCR (x) | | Whole Loan Cut-off Date LTV Ratio | | Whole Loan Cut-off Date U/W NOI Debt Yield |
1 | | 123 William Street | | | | Hard/Upfront Cash Management | | | | | | | | | | | | | | | | |
2 | | The Davenport | | | | Hard/Springing Cash Management | | | | | | | | | | | | | | | | |
3 | | Center West | | On January 1, 2023 and each subsequent Market Value Adjustment Date thereafter ground rent increases by 12% of the Market Value of the Leased Land. | | Springing | | | | | | | | | | | | | | | | |
4 | | KOMO Plaza | | | | Springing | | | | | | | | | | | | | | | | |
5 | | Santa Rosa Office Portfolio | | | | Springing | | | | | | | | | | | | | | | | |
5.01 | | 100-120 Stony Point Road | | | | | | | | | | | | | | | | | | | | |
5.02 | | 131 Stony Circle | | | | | | | | | | | | | | | | | | | | |
5.03 | | 3333 Mendocino Avenue | | | | | | | | | | | | | | | | | | | | |
5.04 | | 70 Stony Point Road | | | | | | | | | | | | | | | | | | | | |
6 | | IPCC Texas Self Storage Portfolio | | | | Springing | | | | | | | | | | | | | | | | |
6.01 | | Coulter | | | | | | | | | | | | | | | | | | | | |
6.02 | | Lubbock | | | | | | | | | | | | | | | | | | | | |
6.03 | | Paramount | | | | | | | | | | | | | | | | | | | | |
6.04 | | Tradewinds | | | | | | | | | | | | | | | | | | | | |
6.05 | | AA 45th | | | | | | | | | | | | | | | | | | | | |
6.06 | | Quail Creek | | | | | | | | | | | | | | | | | | | | |
6.07 | | West 34th | | | | | | | | | | | | | | | | | | | | |
6.08 | | Bell Street | | | | | | | | | | | | | | | | | | | | |
6.09 | | Plainview | | | | | | | | | | | | | | | | | | | | |
7 | | ExchangeRight Net Leased Portfolio 15 | | | | Hard/Springing Cash Management | | | | | | | | | | | | | | | | |
7.01 | | Hobby Lobby - Brunswick, GA | | | | | | | | | | | | | | | | | | | | |
7.02 | | Goodwill - Skokie, IL | | | | | | | | | | | | | | | | | | | | |
7.03 | | CVS Pharmacy - Bolingbrook, IL | | | | | | | | | | | | | | | | | | | | |
7.04 | | Walgreens - Independence, MO | | | | | | | | | | | | | | | | | | | | |
7.05 | | Indianapolis Osteopathic Hospital, Inc | | | | | | | | | | | | | | | | | | | | |
7.06 | | Walgreens - Arlington, TX | | | | | | | | | | | | | | | | | | | | |
7.07 | | Fresenius Medical Care - St. Louis, MO | | | | | | | | | | | | | | | | | | | | |
7.08 | | Advance Auto Parts - Mokena, IL | | | | | | | | | | | | | | | | | | | | |
7.09 | | Advance Auto Parts - Norcross, GA | | | | | | | | | | | | | | | | | | | | |
7.10 | | Dollar General - Gadsden, AL | | | | | | | | | | | | | | | | | | | | |
7.11 | | Dollar General - Saint Amant, LA | | | | | | | | | | | | | | | | | | | | |
7.12 | | Dollar General - Hammond, LA | | | | | | | | | | | | | | | | | | | | |
7.13 | | Dollar General - Baton Rouge, LA | | | | | | | | | | | | | | | | | | | | |
7.14 | | Dollar General - Sugar Creek, MO | | | | | | | | | | | | | | | | | | | | |
7.15 | | Dollar General - Goshen, IN | | | | | | | | | | | | | | | | | | | | |
7.16 | | Family Dollar - Baton Rouge, LA | | | | | | | | | | | | | | | | | | | | |
8 | | 1166 Avenue of the Americas | | | | Hard/Springing Cash Management | | 110,000,000 | | 496,550 | | 25,000,000 | | 25,000,000 | | 1.45 | | 1.37 | | 48.9% | | 7.9% |
9 | | Hotel Wilshire | | | | Springing | | | | | | | | | | | | | | | | |
10 | | Anaheim Marriott Suites | | | | Hard/Springing Cash Management | | | | | | | | | | | | | | | | |
11 | | The Summit Birmingham | | | | Hard/Springing Cash Management | | | | | | | | | | | | | | | | |
12 | | Connecticut Financial Center | | None | | Hard/Springing Cash Management | | | | | | | | | | | | | | | | |
13 | | Merrill Lynch Drive | | | | Hard/Upfront Cash Management | | | | | | | | | | | | | | | | |
14 | | Art Van Portfolio | | | | Hard/Upfront Cash Management | | | | | | | | | | | | | | | | |
14.01 | | Warren Distribution Center | | | | | | | | | | | | | | | | | | | | |
14.02 | | Comstock Park Retail | | | | | | | | | | | | | | | | | | | | |
14.03 | | Grand Rapids Retail | | | | | | | | | | | | | | | | | | | | |
14.04 | | Bloomfield Hills Retail | | | | | | | | | | | | | | | | | | | | |
14.05 | | Mattress Distribution Center | | | | | | | | | | | | | | | | | | | | |
15 | | Rivercrest Realty Portfolio 2017 | | | | Springing | | | | | | | | | | | | | | | | |
15.01 | | Towne Centre Village Retail Center | | | | | | | | | | | | | | | | | | | | |
15.02 | | Hillcrest Shopping Center | | | | | | | | | | | | | | | | | | | | |
15.03 | | Shippensburg Shopping Center | | | | | | | | | | | | | | | | | | | | |
15.04 | | Callaway Commons | | | | | | | | | | | | | | | | | | | | |
15.05 | | Tri-Rivers Plaza | | | | | | | | | | | | | | | | | | | | |
15.06 | | The Alta Vista Commons | | | | | | | | | | | | | | | | | | | | |
16 | | 100 Ashford Center | | | | Springing | | | | | | | | | | | | | | | | |
17 | | 340 Bryant | | | | Hard/Springing Cash Management | | | | | | | | | | | | | | | | |
18 | | Quail Lakes Shopping Center | | | | Springing | | | | | | | | | | | | | | | | |
19 | | Crystal Lake Apartments | | | | Springing | | | | | | | | | | | | | | | | |
20 | | Empire Tower II | | | | Springing | | | | | | | | | | | | | | | | |
21 | | Empire Tower III | | | | Hard/Upfront Cash Management | | | | | | | | | | | | | | | | |
22 | | Center Ithaca | | | | Hard/Springing Cash Management | | | | | | | | | | | | | | | | |
23 | | Horizon Village Square | | | | Springing | | | | | | | | | | | | | | | | |
24 | | Haynes Furniture Store | | | | Hard/Springing Cash Management | | | | | | | | | | | | | | | | |
25 | | Hampton Inn Munster | | | | Hard/Springing Cash Management | | | | | | | | | | | | | | | | |
26 | | North Hills Village Apartments | | | | None | | | | | | | | | | | | | | | | |
27 | | East Side Plaza - LA | | | | Springing | | | | | | | | | | | | | | | | |
28 | | Fairfield Inn & Suites - Bend, OR | | | | Springing | | | | | | | | | | | | | | | | |
29 | | Lawai Cannery Self-Storage | | | | None | | | | | | | | | | | | | | | | |
30 | | The Promenade Shopping Centre | | | | Springing | | | | | | | | | | | | | | | | |
31 | | StoreSmart Conway | | | | Hard/Springing Cash Management | | | | | | | | | | | | | | | | |
32 | | SPS - Gaithersburg | | | | None | | | | | | | | | | | | | | | | |
33 | | CT Storage Outlet Pomona | | Increase to $204,000 years 16-20; $228,000 years 21-25; and $240,000 years 26-30 | | Springing | | | | | | | | | | | | | | | | |
34 | | Shops at The Artisan | | | | Hard/Springing Cash Management | | | | | | | | | | | | | | | | |
35 | | The Milliken Building | | | | Hard/Springing Cash Management | | | | | | | | | | | | | | | | |
36 | | South Houston Self Storage | | | | None | | | | | | | | | | | | | | | | |
37 | | Snellville Place | | | | None | | | | | | | | | | | | | | | | |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
| | | | | | | | | | | | |
Mortgage Loan Number | | Property Name | | Whole Loan Cut- off Date U/W NCF Debt Yield | | Mezzanine Debt Cut-off Date Balance($) | | Sponsor (13) | | Affiliated Sponsors | | Mortgage Loan Number |
1 | | 123 William Street | | | | | | American Realty Capital New York City REIT | | | | 1 |
2 | | The Davenport | | | | | | OPG Investment Holdings US Inc.; Alony-Hetz Properties & Investments Ltd. | | | | 2 |
3 | | Center West | | | | | | Kambiz Hekmat | | | | 3 |
4 | | KOMO Plaza | | | | | | Techcore, LLC | | | | 4 |
5 | | Santa Rosa Office Portfolio | | | | | | Matthew T. White | | | | 5 |
5.01 | | 100-120 Stony Point Road | | | | | | | | | | 5.01 |
5.02 | | 131 Stony Circle | | | | | | | | | | 5.02 |
5.03 | | 3333 Mendocino Avenue | | | | | | | | | | 5.03 |
5.04 | | 70 Stony Point Road | | | | | | | | | | 5.04 |
6 | | IPCC Texas Self Storage Portfolio | | | | | | Inland Private Capital Corporation | | | | 6 |
6.01 | | Coulter | | | | | | | | | | 6.01 |
6.02 | | Lubbock | | | | | | | | | | 6.02 |
6.03 | | Paramount | | | | | | | | | | 6.03 |
6.04 | | Tradewinds | | | | | | | | | | 6.04 |
6.05 | | AA 45th | | | | | | | | | | 6.05 |
6.06 | | Quail Creek | | | | | | | | | | 6.06 |
6.07 | | West 34th | | | | | | | | | | 6.07 |
6.08 | | Bell Street | | | | | | | | | | 6.08 |
6.09 | | Plainview | | | | | | | | | | 6.09 |
7 | | ExchangeRight Net Leased Portfolio 15 | | | | | | David Fisher; Joshua Ungerecht; Warren Thomas; ExchangeRight Real Estate, LLC | | Y - Group 1 | | 7 |
7.01 | | Hobby Lobby - Brunswick, GA | | | | | | | | Y - Group 1 | | 7.01 |
7.02 | | Goodwill - Skokie, IL | | | | | | | | Y - Group 1 | | 7.02 |
7.03 | | CVS Pharmacy - Bolingbrook, IL | | | | | | | | Y - Group 1 | | 7.03 |
7.04 | | Walgreens - Independence, MO | | | | | | | | Y - Group 1 | | 7.04 |
7.05 | | Indianapolis Osteopathic Hospital, Inc | | | | | | | | Y - Group 1 | | 7.05 |
7.06 | | Walgreens - Arlington, TX | | | | | | | | Y - Group 1 | | 7.06 |
7.07 | | Fresenius Medical Care - St. Louis, MO | | | | | | | | Y - Group 1 | | 7.07 |
7.08 | | Advance Auto Parts - Mokena, IL | | | | | | | | Y - Group 1 | | 7.08 |
7.09 | | Advance Auto Parts - Norcross, GA | | | | | | | | Y - Group 1 | | 7.09 |
7.10 | | Dollar General - Gadsden, AL | | | | | | | | Y - Group 1 | | 7.10 |
7.11 | | Dollar General - Saint Amant, LA | | | | | | | | Y - Group 1 | | 7.11 |
7.12 | | Dollar General - Hammond, LA | | | | | | | | Y - Group 1 | | 7.12 |
7.13 | | Dollar General - Baton Rouge, LA | | | | | | | | Y - Group 1 | | 7.13 |
7.14 | | Dollar General - Sugar Creek, MO | | | | | | | | Y - Group 1 | | 7.14 |
7.15 | | Dollar General - Goshen, IN | | | | | | | | Y - Group 1 | | 7.15 |
7.16 | | Family Dollar - Baton Rouge, LA | | | | | | | | Y - Group 1 | | 7.16 |
8 | | 1166 Avenue of the Americas | | 7.4% | | 20,000,000 | | Edward J. Minskoff Equities, Inc. | | | | 8 |
9 | | Hotel Wilshire | | | | | | Michael Orwitz | | Y - Group 3 | | 9 |
10 | | Anaheim Marriott Suites | | | | | | Richard H. Packard, Lauren Packard, Mark B. David | | | | 10 |
11 | | The Summit Birmingham | | | | | | Bayer Properties, LLC; Institutional Mall Investors LLC | | | | 11 |
12 | | Connecticut Financial Center | | | | | | Chase Financial Resources LLC | | | | 12 |
13 | | Merrill Lynch Drive | | | | | | Capital Commercial Investments, Inc., Atalaya Capital Management LP | | | | 13 |
14 | | Art Van Portfolio | | | | | | LCN Capital Partners, L.P. | | | | 14 |
14.01 | | Warren Distribution Center | | | | | | | | | | 14.01 |
14.02 | | Comstock Park Retail | | | | | | | | | | 14.02 |
14.03 | | Grand Rapids Retail | | | | | | | | | | 14.03 |
14.04 | | Bloomfield Hills Retail | | | | | | | | | | 14.04 |
14.05 | | Mattress Distribution Center | | | | | | | | | | 14.05 |
15 | | Rivercrest Realty Portfolio 2017 | | | | | | Jonathan Gaines; Stanley Werb | | | | 15 |
15.01 | | Towne Centre Village Retail Center | | | | | | | | | | 15.01 |
15.02 | | Hillcrest Shopping Center | | | | | | | | | | 15.02 |
15.03 | | Shippensburg Shopping Center | | | | | | | | | | 15.03 |
15.04 | | Callaway Commons | | | | | | | | | | 15.04 |
15.05 | | Tri-Rivers Plaza | | | | | | | | | | 15.05 |
15.06 | | The Alta Vista Commons | | | | | | | | | | 15.06 |
16 | | 100 Ashford Center | | | | | | Brian R. Granath; Steven Berman; W. Eric Singer | | | | 16 |
17 | | 340 Bryant | | | | | | James M. Pollock | | | | 17 |
18 | | Quail Lakes Shopping Center | | | | | | Greenlaw Grupe Jr. Operating Company | | | | 18 |
19 | | Crystal Lake Apartments | | | | | | David Fisher; Joshua Ungerecht; Warren Thomas | | Y - Group 1 | | 19 |
20 | | Empire Tower II | | | | | | Michael G. Rademaker | | Y - Group 2 | | 20 |
21 | | Empire Tower III | | | | | | Michael G. Rademaker | | Y - Group 2 | | 21 |
22 | | Center Ithaca | | | | | | Mack A. Travis, Frost Davis | | | | 22 |
23 | | Horizon Village Square | | | | | | George Chami | | | | 23 |
24 | | Haynes Furniture Store | | | | | | Ellis Julius Strelitz, II | | | | 24 |
25 | | Hampton Inn Munster | | | | | | James E. Dora, Jr. | | | | 25 |
26 | | North Hills Village Apartments | | | | | | The Joseph B. Slatkin Testamentary Trust f/b/o William H. Slatkin and Jeffrey Slatkin; Fred E. Greenspan Marital (QTIP) Trust | | | | 26 |
27 | | East Side Plaza - LA | | | | | | William M. Sale, III; John S. Turner, Jr. | | | | 27 |
28 | | Fairfield Inn & Suites - Bend, OR | | | | | | Eric D. Horodas; Peter G. Trethewey | | Y - Group 3 | | 28 |
29 | | Lawai Cannery Self-Storage | | | | | | David M. Osborne; David M. Osborne, as Trustee of the Michael J. Osborne 1988 Grantor Trust | | | | 29 |
30 | | The Promenade Shopping Centre | | | | | | Charles Lotz Jr. | | | | 30 |
31 | | StoreSmart Conway | | | | | | William Bradford Sherman; The Brad and Chris Sherman Living Trust Dated September 24, 2007 | | | | 31 |
32 | | SPS - Gaithersburg | | | | | | Benjamin D. Eisler; Shirley E. Eisler; Michael B. Eisler; Eisler Revocable Trust; The Michael Bradley Eisler Revocable Trust u/a/d January 3, 2003, as amended by that certain First Amendment to the Michael Bradley Eisler Revocable Trust; BACO Realty Corporation | | Y - Group 3 | | 32 |
33 | | CT Storage Outlet Pomona | | | | | | CT Self-Storage Fund II, LLC | | | | 33 |
34 | | Shops at The Artisan | | | | | | Paragon Real Estate Fund, LLC | | | | 34 |
35 | | The Milliken Building | | | | | | Kjeld Hestehave | | | | 35 |
36 | | South Houston Self Storage | | | | | | Suzanne Jahnke | | | | 36 |
37 | | Snellville Place | | | | | | Rahim Asani; Sohail Lakhani; Rahul Jasani | | | | 37 |
See “Annex A-3: Summaries of the Fifteen Largest Mortgage Loans” in the Preliminary Prospectus for additional information on the 15 largest mortgage loans.
| (1) | “Barclays” denotes Barclays Bank PLC, “WFB” denotes Wells Fargo Bank, National Association, “UBSAG” denotes UBS AG, by and through its branch office at 1285 Avenue of the Americas, New York, New York and “SG” denotes Société Générale. |
| (2) | For mortgage loan #4 (KOMO Plaza), the Number of Units includes 120,925 square feet of office space, 89,521 square feet of data center space, 34,629 square feet of retail space, 27,504 square feet of broadcast space, 11,790 square feet of storage and other space, 3,594 square feet of colocation space and 3,188 square feet of carrier space. |
For mortgage loan #7 (ExchangeRight Net Leased Portfolio 15), the Number of Units includes 195,667 square feet of retail space and 22,609 square feet of medical office space.
For mortgage loan #22 (Center Ithaca), the Number of Units includes 35,921 square feet of multifamily space (62 units), 30,847 square feet of office space, 21,508 square feet of retail space and 6,153 of self storage space (69 units).
For mortgage loan #24 (Haynes Furniture Store), the Number of Units includes 135,834 square feet of retail space, 131,027 square feet of warehouse space, and 33,736 square feet of office space.
For mortgage loan #34 (Shops at the Artisan), the Number of Units includes 5,442 square feet of office space and 5,420 square feet of retail space.
| (3) | With respect to mortgage loans #7 (ExchangeRight Net Leased Portfolio 15) and #29 (Lawai Cannery Self-Storage), due to the timing of the first payment of debt service on May 1, 2017, one month of interest will be deposited with the master servicer on the closing date and represents the interest accrued during the month of April. As such, the mortgage loan is shown as having a First Pay Date of interest-only of April 1, 2017 and Original Term to Maturity or ARD of 121 months. |
| (4) | For mortgage loan #18 (Quail Lakes Shopping Center), not more than once in any twelve-month period, a late payment charge will not apply to a payment that is tendered in full within five business days of the due date thereof, so long as no other event of default was then continuing. |
| (5) | For mortgage loan #2 (The Davenport), the Appraised Value assumes the largest tenant (185,448 square feet), representing 80.3% of net rentable square feet, exercises all of its contractually obligated put options for the remaining space at the mortgaged property, completes its tenant improvements and occupies 100% of net rentable square feet. A $7,938,810 reserve was taken at closing, representing the outstanding tenant improvements and leasing commissions. The appraised value assuming the largest tenant does not exercise its put options, complete tenant improvements and occupy 100% of net rentable square feet is $204,000,000. The Cut-off Date LTV Ratio and LTV Ratio at Maturity based on the $204,000,000 appraised value is 51.5%. |
For mortgage loan #8 (1166 Avenue of the Americas), the Appraised Value represents the as-is value assuming reserves totaling $17,991,620, consisting of $5,742,180 in free rent, $1,479,658 in leasing commissions, $10,118,750 in tenant improvements and $651,032 in capital improvements, which were taken at closing. The appraised value assuming these reserves were not taken is $205,000,000. Based on the $205,000,000 appraised value, the Cut-off Date LTV Ratio and LTV Ratio at Maturity for the 1166 Avenue of the Americas mortgage loan, the 1166 Avenue of the Americas Whole Loan and the total debt including the $20,000,000 mezzanine loan are 41.5%, 53.7% and 63.4%, respectively.
For mortgage loan #25 (Hampton Inn Munster), the Appraised Value represents the as-is value assuming that funds reserved for the performance improvement plan, which is expected to be completed by the second quarter of 2017, have been reserved. The appraisal estimates the projected cost of the capital expenditures to be $520,000 and at closing, $1,105,000 was reserved.
The appraised value assuming a deduction for the projected capital expenditures related to the performance improvement plan is $13,800,000. The Cut-off Date LTV Ratio and LTV Ratio at Maturity based on the $13,800,000 appraised value are 67.4% and 56.3%, respectively.
For mortgage loan #28 (Fairfield Inn & Suites – Bend, OR), the Appraised Value represents the value assuming the performance improvement plan, which is expected to be completed by December 2017, has been completed. A $1,245,970 reserve was collected at origination, reflecting the cost of the outstanding performance improvement plan. The appraised value assuming the performance improvement plan has not been completed is $11,700,000. The Cut-off Date LTV Ratio and LTV Ratio at Maturity based on the $11,700,000 appraised value are 56.3% and 50.0%, respectively.
| (6) | For mortgage loan #1 (123 William Street), the mortgage loan represents Note A-1 of threepari passu notes, which have a combined Cut-off Date principal balance of $140,000,000. Notes A-2 and A-3 are not included in the trust. All LTV, DSCR, Debt Yield and Cut-off Date Balance per Unit/SF figures presented are based on Notes A-1, A-2 and A-3 in the aggregate (the “123 William Street Whole Loan”). Note A-1 represents the controlling interest in the 123 William Street Whole Loan. |
For mortgage loan #2 (The Davenport), the mortgage loan represents Note A-1 of twopari passu notes, which have a combined Cut-off Date principal balance of $105,000,000. Note A-2 is not included in the trust. All LTV, DSCR, Debt Yield and Cut-off Date Balance Per Unit/SF figures presented are based on Note A-1 and Note A-2 in the aggregate (“The Davenport Whole Loan”). Note A-1 represents the controlling interest in The Davenport Whole Loan.
For mortgage loan #3 (Center West) the mortgage loan represents Notes A-2 and A-3 of fourpari passu companion loans, which have a combined Cut-off Date principal balance of $80,000,000. Notes A-1 and A-4 are not included in the trust. All LTV, DSCR, Debt Yield, and Cut-off Date Balance per Unit/SF figures presented are based on Notes A-1, A-2, A-3 and A-4 in the aggregate (the “Center West Whole Loan”). Note A-2 represents the controlling interest in the Center West Whole Loan.
For mortgage loan #4 (KOMO Plaza) the mortgage loan represents Notes A-1 and A-4 of fivepari passu companion loans, which have a combined Cut-off Date principal balance of $139,000,000. Notes A-2, A-3, and A-5 are not included in the trust. All LTV, DSCR, Debt Yield, and Cut-off Date Balance per Unit/SF figures presented are based on Notes A-1, A-2, A-3, A-4 and A-5 in the aggregate (the “KOMO Plaza Whole Loan”). Note A-2 represents the controlling interest in the KOMO Plaza Whole Loan.
For mortgage loan #8 (1166 Avenue of the Americas), the mortgage loan represents Note A-2 of two seniorpari passu notes and one subordinate companion loan, which have a combined Cut-off Date principal balance of $110,000,000 (the “1166 Avenue of the Americas Whole Loan”). Notes A-1 and Note B are not included in the trust. All LTV, DSCR, Debt Yield and Cut-off Date Balance per Unit/SF figures presented are based on Notes A-1 and A-2 in the aggregate. Note A-2 represents a non-controlling interest in the 1166 Avenue of the Americas Whole Loan.
For mortgage loan #10 (Anaheim Marriott Suites) the mortgage loan represents Notes A-2 and A-4 of fourpari passu companion loans, which have a combined Cut-off date principal balance of $54,000,000. Notes A-1 and A-3 are not included in the trust. All LTV, DSCR, Debt Yield, and Cut-off Date Balance per Unit/SF figures presented are based on Notes A-1, A-2, A-3 and A-4 in the aggregate (the “Anaheim Marriott Suites Whole Loan”). Note A-1 represents the controlling interest in the Anaheim Marriott Suites Whole Loan.
For mortgage loan #11 (The Summit Birmingham), the mortgage loan represents Note A-4 of fourpari passu notes, which have a combined Cut-off Date principal balance of $208,000,000. Notes A-1, A-2 and A-3 are not included in the trust. All LTV, DSCR, Debt Yield and Cut-off Date Balance per Unit/SF figures presented are based on Notes A-1, A-2, A-3, and A-4 in the aggregate (“The Summit Birmingham Whole Loan”). Note A-4 represents a non-controlling interest in The Summit Birmingham Whole Loan.
For mortgage loan #12 (Connecticut Financial Center) the mortgage loan represents Notes A-2 and A-3 of threepari passu companion loans, which have a combined Cut-off Date principal balance of $45,431,124. Note A-1 is not included in the trust. All LTV, DSCR, Debt Yield, and Cut-off Date Balance per Unit/SF figures presented are based on Notes A-1, A-2 and A-3 in the aggregate (the “Connecticut Financial Center Whole Loan”). Note A-2 represents the controlling interest in the Connecticut Financial Center Whole Loan.
For mortgage loan #13 (Merrill Lynch Drive), the mortgage loan represents Note A-2 of threepari passu notes, which have a combined Cut-off Date principal balance of $103,600,000. Notes A-1 and A-3 are not included in the trust. All LTV, DSCR, Debt Yield and Cut-off Date Balance per Unit/SF figures presented are based on Notes A-1, A-2 and A-3 in the aggregate the (“Merrill Lynch Drive Whole Loan”). Note A-2 represents a non-controlling interest in the Merrill Lynch Drive Whole Loan.
For mortgage loan #14 (Art Van Portfolio) the mortgage loan represents Notes A-4 and A-5 of fivepari passu companion loans, which have a combined Cut-off Date principal balance of $68,750,000. Notes A-1, A-2 and A-3 are not included in the trust. All LTV, DSCR, Debt Yield, and Cut-off Date Balance per Unit/SF figures presented are based on Notes A-1, A-2, A-3, A-4 and A-5 in the aggregate (the “Art Van Portfolio Whole Loan”). Note A-1 represents the controlling interest in the Art Van Portfolio Whole Loan.
For mortgage loan #17 (340 Bryant) the mortgage loan represents Note A-2 of twopari passu companion loans, which have a combined Cut-off Date principal balance of $30,700,000. Note A-1 is not included in the trust. All LTV, DSCR, Debt Yield, and Cut-off Date Balance per Unit/SF figures presented are based on Notes A-1 and A-2 in the aggregate (the “340 Bryant Whole Loan”). Note A-1 represents the controlling interest in the 340 Bryant Whole Loan.
| (7) | For mortgage loan #8 (1166 Avenue of the Americas), the fourth largest tenant (22,500 square feet), representing 11.5% of the net rentable square feet, is a borrower affiliate that has executed a master lease, which expires upon the earlier of: (i) the date on which all or any portion of the third floor has been relet pursuant to one or more leases that: (a) are at least 60 months in term, with no termination option during that time; (b) have a base rent of not less than $65.00 per square foot after the first year; (c) contain other lease terms that are in line with market with a tenant that is suitable for occupancy in a Class A office building and; (d) provide that such tenant takes the space as-is; or (ii) August 1, 2019. In addition, the rent payable under the master lease is reduced proportionately as rent is paid under qualifying leases of the space. The rent payable under the master lease was included in U/W Revenues. |
For mortgage loan #31 (StoreSmart Conway), 20.2% of U/W Revenues is generated from cell tower income, point of sale, late fees, and U-Haul commissions.
| (8) | In certain cases, mortgage loans may have tenants that have executed leases, but may not be fully paying rent or occupying the related leased premises that were included in the underwriting. |
For mortgage loan #1 (123 William Street), the fourth largest tenant (40,610 square feet), representing 7.4% of the net rentable square feet, currently leases its space under a license agreement on a month-to-month basis. The tenant, the borrower and the sponsor are in the process of finalizing a new 20-year lease at a proposed annual base rent of $2,071,111 or $51.00 per square foot.
For mortgage loan #2 (The Davenport), the largest tenant (185,448 square feet), representing 80.3% of net rentable square feet, has abated rent through August 2017. A $1,952,013 reserve was taken at origination, representing the rent abatement.
For mortgage loan #3 (Center West), the fourth largest tenant (16,894 square feet), representing 4.8% of net rentable square feet, has taken occupancy and will begin paying rent on July 1, 2017.
For mortgage loan #12 (Connecticut Financial Center), the largest tenant (84,442 square feet), representing 18.0% of net rentable square feet, executed a lease for 9,028 square feet and is anticipated to commence paying rent upon the landlord’s substantial completion of its work in May
2017. A $180,560 tenant improvement reserve was taken at closing. In addition, the largest tenant executed a lease for an additional 5,834 square feet but is not anticipated to be in occupancy or paying rent for this space until September 1, 2017. A $233,360 tenant improvement reserve was taken at closing.
For mortgage loan #30 (The Promenade Shopping Centre), the largest tenant (14,200 square feet), representing 19.9% of net rentable square feet, is not open for business and has abated rent through August 2017. The largest tenant is anticipated to be open for business by March 20, 2017. A $39,050 reserve was taken at origination, representing six months of the rent abatement.
| (9) | For mortgage loan #13 (Merrill Lynch Drive), the mortgaged property was acquired by the borrower in January 2017 and is leased to Merrill Lynch pursuant to a triple-net lease. The single tenant, Merrill Lynch Pierce Fenner & Smith Incorporated, is responsible for the payment of property expenses and as such, historical financial information is not presented. |
| (10) | The tenant early termination options discussed in this footnote are not intended to be an exclusive list. In particular, termination options based on co-tenancy clauses are generally included only for top five tenants by net rentable square feet if the option is currently or imminently exercisable. |
For mortgage loan #3 (Center West) the largest tenant (23,121 square feet), representing 6.6% of net rentable square feet, may terminate its lease effective April 30, 2020, with written notice on or before July 31, 2019 and payment of a termination fee equal to all unamortized tenant improvements, abated rent and leasing commissions plus six months of base rent. The fourth largest tenant (16,894 square feet), representing 4.8% of net rentable square feet, may terminate its lease effective as of October 31, 2022, with 12 months’ written notice. The tenant must pay a termination fee equal to all unamortized tenant improvements, rent abatements, and leasing commissions plus five months’ base rent.
For mortgage loan #4 (KOMO Plaza), the largest tenant (121,213 square feet), representing 41.6% of net rentable square feet, may terminate its lease effective January 1, 2021, with written notice on or before January 1, 2020. The terminable space is limited to 20% of contiguous areas (by floor) excluding the studio space on the 5th floor. The second largest tenant (35,609 square feet), representing 12.2% of net rentable square feet, may terminate its lease for the 2,353 square feet in the colocation room effective at any time, with six months’ written notice.
For mortgage loan #5 (Santa Rosa Office Portfolio), the second largest tenant at the 100-120 Stony Point Road mortgaged property (17,676 square feet), representing 5.2% of net rentable square feet of the entire portfolio, may terminate its lease as of January 31, 2018 or 2019 upon providing 180 days’ written notice and payment of a termination fee equal to: (i) all unamortized tenant improvements and leasing commissions; and (ii) three times January base rent of the year in which the termination would be effective. The second largest tenant at the 131 Stony Circle mortgaged property (15,291 square feet), representing 4.5% of net rentable square feet of the entire portfolio, may terminate its lease as of January 1, 2018 upon providing 90 days’ written notice. The largest tenant at the 3333 Mendocino Avenue mortgaged property (10,291 square feet), representing 3.1% of net rentable square feet of the entire portfolio, may terminate its lease at any time upon providing 180 days’ written notice and payment of all unamortized tenant improvements. The fourth largest tenant at the 3333 Mendocino Avenue mortgaged property (4,761 square feet), representing 1.4% of net rentable square feet of the entire portfolio, may terminate its lease as of January 1, 2020 upon providing 6 months’ written notice and payment of all unamortized administrative, legal and tenant improvement fees. The fifth largest tenant at the 3333 Mendocino Avenue mortgaged property (2,936 square feet), representing 0.9% of net rentable square feet of the entire portfolio, may terminate its lease as of the last day of any calendar month, upon providing 30 days’ written notice and payment of a termination fee equal to: (i) $4,523; (ii) all unamortized tenant improvements and leasing commissions; and (iii) three months base rent for the month of termination.
For mortgage loan #7 (ExchangeRight Net Leased Portfolio 15), the sole tenant at the Walgreens Independence, MO mortgaged property (15,120 square feet), representing 6.9% of net rentable square feet of the entire portfolio may terminate its lease upon six months’ prior written notice,
effective as of July 31, 2028 and every five years thereafter until the lease expires on July 31, 2068. Furthermore, the sole tenant at the Indianapolis Osteopathic Hospital, Inc. mortgaged property (15,109 square feet), representing 6.9% of net rentable square feet of the entire portfolio has the one-time right to terminate the lease effective as of December 16, 2022, upon at least 12 months’ prior written notice and payment of a $803,390 termination fee. The sole tenant at the Walgreens Arlington, TX mortgaged property (13,905 square feet), representing 6.4% of net rentable square feet of the entire portfolio may terminate its lease upon twelve months’ prior written notice, effective as of August 31, 2027 and every five years thereafter until the lease expires on August 31, 2062.
For mortgage loan #8 (1166 Avenue of the Americas), the second largest tenant, (39,075 square feet), representing 20.0% of the net rentable square feet, may terminate its lease on January 31, 2022 with written notice on or before October 31, 2020 and payment of a termination fee of $6,351,998. The third largest tenant, (39,075 square feet), representing 20.0% of the net rentable square feet, may terminate its lease on October 1, 2021 with 12 months’ written notice and the payment of a termination fee equal to two months of rent and the unamortized leasing costs.
For mortgage loan #12 (Connecticut Financial Center), the third largest tenant (51,307 square feet), representing 10.9% of net rentable square feet, may terminate its lease on 8,925 square feet on the 4th floor from and after June 15, 2017 with nine months’ written notice. The fifth largest tenant (34,303 square feet), representing 7.3% of net rentable square feet, may terminate its lease effective March 31, 2021, by providing no more than 15 months’ and no less than 12 months’ written notice and payment of all unamortized tenant improvements.
For mortgage loan #15 (Rivercrest Realty Portfolio 2017), the second largest tenant at the Hillcrest Shopping Center mortgaged property, (4,240 square feet), representing 2.4% of net rentable square feet of the whole portfolio, has the right to terminate its lease effective July 31, 2020 by providing 90 days’ written notice and a termination payment equal to the sum of the unamortized portion of any brokerage commissions. The fourth largest tenant at the Callaway Commons mortgaged property (2,800 square feet), representing 9.4% of net rentable square feet of the portfolio, has the right to terminate its lease upon 60 days’ written notice.
For mortgage loan #18 (Quail Lakes Shopping Center), the second largest tenant (25,744 square feet), representing 18.3% of net rentable square feet, may terminate its lease upon 180 days’ notice in the event gross sales from February 1, 2019 through January 31, 2020, do not total at least $6,500,000. In the event gross sales exceed $6,500,000 in any of the first, second, or third full lease years, the termination right becomes void.
For mortgage loan #20 (Empire Tower II), the largest tenant (25,482 square feet), representing 36.4% of net rentable square feet, may terminate its lease on 1,686 square feet of space as of December 31st of any lease year upon providing written notice by June 30th of the termination lease year and payment of all unamortized tenant improvements, leasing commissions and abated rent from January through April 2017.
For mortgage loan #21 (Empire Tower III), the largest tenant (52,833 square feet), representing 70.2% of net rentable square feet, may terminate its lease as of March 31, 2019 upon providing written notice by June 30, 2018 and payment of a $977,986 termination fee.
For mortgage loan #30 (The Promenade Shopping Centre), the third largest tenant (7,712 square feet), representing 10.8% of net rentable square feet, may terminate its lease if gross sales are less than $750,000 for any six month period, upon providing six months’ written notice.
For mortgage loan #37 (Snellville Place), the largest tenant (2,400 square feet), representing 17.1% of net rentable square feet, may terminate its lease on June 1 of 2017, 2018 or 2019 if gross sales do not exceed $150,000 during any 12 month period following the rent commencement date, upon providing 90 days’ written notice. The largest tenant’s sales from June through December 2016 were $30,244.
| (11) | For mortgage loan #1 (123 William Street), the largest tenant (65,242 square feet), representing 12.0% of the net rentable square feet, subleases an additional 5,212 square feet for a total annual base rent of $206,135 ($45.00 per square foot, expiring December 2025). |
For mortgage loan #3 (Center West), the largest tenant (23,121 square feet), representing 6.6% of net rentable square feet, subleases 4,550 square feet for an annual base rent of $293,936 ($64.60 per square foot), expiring April 29, 2017.
For mortgage loan #5 (Santa Rosa Office Portfolio), the fifth largest tenant at the 3333 Mendocino Avenue mortgaged property (2,936 square feet), representing 0.9% of net rentable square feet of the entire portfolio, is subleasing its entire space for an annual base rent of $68,357 ($23.28 per square foot, expiring March 31, 2018).
For mortgage loan #17 (340 Bryant), the largest tenant (47,673 square feet), representing 76.6% of net rentable square feet, subleases 37,433 square feet for an annual base rent of $2,620,310 ($70.00 per square foot, expiring July 31, 2018) and 10,240 square feet for an annual base rent of $532,480 ($52.00 per square foot, expiring April 30, 2019).
| (12) | For mortgage loan #12 (Connecticut Financial Center), the largest tenant (84,442 square feet), representing 18.0% of net rentable square feet, has multiple leases that expire as follows: 3,611 square feet expiring on July 31, 2019; 9,028 square feet expiring on May 31, 2022; and 65,969 square feet and 5,834 square feet expiring on May 31, 2027. |
For mortgage loan #20 (Empire Tower II), the largest tenant (25,482 square feet), representing 36.4% of net rentable square feet has multiple leases that expire as follows: 6,668 square feet expiring June 30, 2019 and 18,814 square feet expiring December 31, 2021.
| (13) | For mortgage loan #8 (1166 Avenue of the Americas), the fourth largest tenant (22,500 square feet), representing 11.5% of net rentable square feet, is an affiliate of the sponsor. |
For mortgage loan #24 (Haynes Furniture Store), the sole tenant is an affiliate of the borrower.
| (14) | For mortgage loan #10 (Anaheim Marriott Suites), the borrower is required to deposit 1/12th of 5.0% of gross revenues into the renovation project reserve and commencing with the monthly payment date that is 24 months prior to the renovation completion date, the borrower is required to deposit monthly excess cash with the lender until the amount in the renovation project account equals or exceeds 110% of the remaining renovation project costs (providedthat the borrower will be given credit for the 12 months of scheduled monthly deposits to such account that follow such excess cash sweep commencement date) or the borrower posts with the lender a letter of credit in an amount equal to such renovation project shortfall amount. In addition, monthly seasonality reserve payments in the amount of $14,167 will be collected in the months of March, April, May, June, July and August. Beginning in the calendar year 2018 and thereafter, the seasonality reserve will be recalculated annually based on the most recent trailing 12-month financials, and replenished (if necessary) to the recalculated amount through as many monthly deposits as are required in March through August of the following year. |
For mortgage loan #28 (Fairfield Inn & Suites – Bend, OR), the Monthly Replacement Reserve begins in February 2018 and will be adjusted to an amount equal to the greater of the existing Monthly Replacement Reserve and 1/12th of 5% of operating income for the prior fiscal year.
| (15) | For mortgage loan #5 (Santa Rosa Office Portfolio), the Monthly TI/LC Reserve begins when the balance falls below $600,000. |
For mortgage loan #30 (The Promenade Shopping Centre), the Monthly TI/LC Reserve decreases to $5,108 beginning in April 2019.