FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-207361-07 | ||
The Information contained herein (the “Information”) is preliminary and subject to change. The information will be superseded by similar information delivered to you as part of the offering document relating to the Commercial Mortgage Pass-Through Certificates, Series CSAIL 2017-CX10 (the “Offering Document”). The Information supersedes any such information previously delivered. The Information should be reviewed only in conjunction with the entire Offering Document. All of the Information is subject to the same limitations and qualifications contained in the Offering Document. The Information does not contain all relevant information relating to the underlying mortgage loans or mortgaged properties. Such information is described elsewhere in the Offering Document. The Information contained herein will be more fully described elsewhere in the Offering Document. The Information should not be viewed as projections, forecasts, predictions or opinions with respect to value. Prior to making any investment decision, prospective investors are strongly urged to read the Offering Document its entirety. The privately offered securities described in the Offering Document as to which the Information relates have not been and will not be registered under the United States Securities Act of 1933, as amended. This material should be not construed as an effort to sell or the solicitation of any offer to buy any security in any jurisdiction where such offer of solicitation could be illegal.
For investors in publicly offered securities as to which the Information relates: The depositor has filed a registration statement (including the prospectus) with the SEC (SEC File No. 333-207361) 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 website at www.sec.gov. Alternatively, the depositor or the underwriter, or any dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-221-1037.
The information in this file (the “File”) is an electronic copy of the information set forth in the Annex titled “Certain Characteristics of the Mortgage Loans and Mortgaged Properties” to the prospectus. This File does not contain all information that is required to be included in the prospectus. This File should be reviewed only in conjunction with the entire prospectus. Prospective investors are advised to read carefully, and should rely on, the prospectus relating to the Certificates referred to herein in making their investment decision.
The information in this File may be amended and/or supplemented prior to the time of sale. The information in this File supersedes any contrary information contained in any prior File relating to the subject securities and will be superseded by any contrary information contained in any subsequent File prior to the time of sale.
Methodologies used in deriving certain information contained in this File are more fully described elsewhere in the free prospectus. The information in this File should not be viewed as projections, forecasts, predictions or opinions with respect to value.
Any legends, disclaimers or other notices that may appear at the bottom of, or attached to, the email communication to which this material may have been attached 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 email system.
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APPENDIX I - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS | ||||||||||||||
Loan ID | Footnotes | Property Flag | Deal Name | % of Initial Pool Balance | Mortgage Loan Originator | Mortgage Loan Seller(1) | Credit Assessment (Fitch/KBRA) | Original Balance(2) | Cut-off Date Balance(2)(3) | Maturity/ARD Balance(2) | Cut-off Date Balance per SF/ Units/Rooms/Pads(2) | Loan Purpose | Sponsor(4) | Non-Recourse Carveout Guarantor(4) |
1 | Loan | Park Center Phase I | 9.1% | Column | Column | $78,000,000 | $78,000,000 | $78,000,000 | $267 | Acquisition | Mirae Asset Global Investments Co. Ltd; Transwestern Investment Group, L.L.C. | Corporate Properties Trust II TRS, L.L.C. | ||
2 | Loan | GNL Portfolio | 8.5% | Column | Column | $73,000,000 | $73,000,000 | $73,000,000 | $71 | Refinance | Global Net Lease Operating Partnership, L.P. | Global Net Lease Operating Partnership, L.P. | ||
2.01 | Property | Sandoz, Inc. | Column | Column | $13,616,257 | $13,616,257 | $13,616,257 | $71 | ||||||
2.02 | Property | Intervet Inc. | Column | Column | $10,520,588 | $10,520,588 | $10,520,588 | $71 | ||||||
2.03 | Property | GE Aviation Systems, LLC | Column | Column | $9,388,503 | $9,388,503 | $9,388,503 | $71 | ||||||
2.04 | Property | FedEx Ground Package System, Inc. (NY) | Column | Column | $7,563,503 | $7,563,503 | $7,563,503 | $71 | ||||||
2.05 | Property | Nissan North America Inc. | Column | Column | $6,648,075 | $6,648,075 | $6,648,075 | $71 | ||||||
2.06 | Property | Constellium Automotive USA, LLC | Column | Column | $5,972,727 | $5,972,727 | $5,972,727 | $71 | ||||||
2.07 | Property | C&J Energy Services, Inc. II | Column | Column | $4,899,198 | $4,899,198 | $4,899,198 | $71 | ||||||
2.08 | Property | Lippert Components Manufacturing, Inc. | Column | Column | $3,528,984 | $3,528,984 | $3,528,984 | $71 | ||||||
2.09 | Property | FedEx Ground Package System, Inc. (WV) | Column | Column | $3,119,091 | $3,119,091 | $3,119,091 | $71 | ||||||
2.10 | Property | C&J Energy Services, Inc. I | Column | Column | $3,044,920 | $3,044,920 | $3,044,920 | $71 | ||||||
2.11 | Property | U.S. General Services Administration | Column | Column | $2,769,706 | $2,769,706 | $2,769,706 | $71 | ||||||
2.12 | Property | PNC Bank N.A. | Column | Column | $1,928,449 | $1,928,449 | $1,928,449 | $71 | ||||||
3 | Loan | Yorkshire & Lexington Towers | 7.0% | Natixis | Natixis | BBB / BBB | $60,000,000 | $60,000,000 | $60,000,000 | $241,838 | Refinance | The Chetrit Group LLC; Stellar Management LLC | The Chetrit Group LLC; Stellar Management LLC | |
3.01 | Property | Yorkshire Tower | Natixis | Natixis | $50,220,000 | $50,220,000 | $50,220,000 | $241,838 | ||||||
3.02 | Property | Lexington Tower | Natixis | Natixis | $9,780,000 | $9,780,000 | $9,780,000 | $241,838 | ||||||
4 | Loan | Westin Times Square Fee | 6.7% | Column | Column | NR / BBB- | $57,000,000 | $57,000,000 | $57,000,000 | $3,243 | Refinance | Tishman Hotel & Realty LP | Tishman Hotel & Realty LP | |
5 | Loan | One California Plaza | 5.8% | Column | Column | A- / A | $50,000,000 | $50,000,000 | $50,000,000 | $130 | Refinance | Colony Capital Operating Company, LLC | Colony Capital Operating Company, LLC | |
6 | Loan | Lehigh Valley Mall | 5.8% | Column | Column | $50,000,000 | $50,000,000 | $39,793,363 | $367 | Refinance | Simon Property Group, L.P. | Simon Property Group, L.P. | ||
7 | (27) | Loan | The Standard Highline NYC | 5.3% | Natixis | Natixis | A / AAA | $45,000,000 | $45,000,000 | $45,000,000 | $133,136 | Acquisition | GC SHL, LLC | GC SHL, LLC |
8 | Loan | Centre 425 Bellevue | 5.1% | Natixis | Natixis | BBB+ / A | $44,000,000 | $44,000,000 | $44,000,000 | $263 | Acquisition | Aby Rosen; Michael Fuchs; David Edelstein | Aby Rosen; Michael Fuchs; David Edelstein | |
9 | Loan | 379 West Broadway | 4.9% | Column | Column | $42,000,000 | $42,000,000 | $42,000,000 | $605 | Refinance | CLdN IMMO SA | CLdN IMMO SA | ||
10 | (27) | Loan | 600 Vine | 4.2% | Natixis | Natixis | $36,000,000 | $35,998,538 | $31,024,003 | $91 | Refinance | Sarah Rachel Gordon; Isaac Hertz; William Z. Hertz | Sarah Rachel Gordon; Isaac Hertz; William Z. Hertz | |
11 | Loan | 300 Montgomery | 3.5% | Natixis | Natixis | $30,000,000 | $30,000,000 | $30,000,000 | $343 | Refinance | Downtown Properties Holdings, LLC | Downtown Properties Holdings, LLC | ||
12 | Loan | Garden Multifamily Portfolio | 3.4% | BSP | BSP | $29,500,000 | $29,333,985 | $24,260,375 | $47,967 | Refinance | Alfons Melohn | Alfons Melohn | ||
12.01 | Property | Carleton | BSP | BSP | $3,180,870 | $3,162,969 | $2,615,901 | $47,967 | ||||||
12.02 | Property | River Glen | BSP | BSP | $3,073,130 | $3,055,836 | $2,527,298 | $47,967 | ||||||
12.03 | Property | Tabor Ridge | BSP | BSP | $2,462,609 | $2,448,750 | $2,025,214 | $47,967 | ||||||
12.04 | Property | Ridgewood | BSP | BSP | $2,411,304 | $2,397,734 | $1,983,022 | $47,967 | ||||||
12.05 | Property | Foxhaven | BSP | BSP | $2,036,783 | $2,025,320 | $1,675,021 | $47,967 | ||||||
12.06 | Property | Hayfield | BSP | BSP | $2,031,652 | $2,020,219 | $1,670,801 | $47,967 | ||||||
12.07 | Property | Laurel | BSP | BSP | $1,795,652 | $1,785,547 | $1,476,718 | $47,967 | ||||||
12.08 | Property | Wood Trail | BSP | BSP | $1,770,000 | $1,760,039 | $1,455,623 | $47,967 | ||||||
12.09 | Property | Camellia | BSP | BSP | $1,680,217 | $1,670,762 | $1,381,787 | $47,967 | ||||||
12.10 | Property | Ashgrove | BSP | BSP | $1,564,783 | $1,555,977 | $1,286,855 | $47,967 | ||||||
12.11 | Property | Slate Run | BSP | BSP | $1,546,826 | $1,538,121 | $1,272,087 | $47,967 | ||||||
12.12 | Property | Forsythia | BSP | BSP | $1,539,130 | $1,530,469 | $1,265,759 | $47,967 | ||||||
12.13 | Property | Beckford | BSP | BSP | $1,513,478 | $1,504,961 | $1,244,663 | $47,967 | ||||||
12.14 | Property | Meadowood | BSP | BSP | $1,508,348 | $1,499,859 | $1,240,444 | $47,967 | ||||||
12.15 | Property | Elmwood | BSP | BSP | $1,385,217 | $1,377,422 | $1,139,183 | $47,967 | ||||||
13 | (27) | Loan | 333 North Bedford | 3.4% | Natixis | Natixis | $29,500,000 | $28,844,126 | $23,244,403 | $95 | Refinance | James A. Diamond; William E. Diamond | James A. Diamond; William E. Diamond | |
14 | Loan | Miracle Mile | 3.3% | BSP | BSP | $28,000,000 | $28,000,000 | $25,555,903 | $187 | Acquisition | M & J Wilkow, Ltd. | M & J Wilkow, Ltd. | ||
15 | (27) | Loan | Totowa Commerce Center | 3.1% | Natixis | Natixis | $26,750,000 | $26,750,000 | $24,360,646 | $102 | Acquisition | Jeffrey Greenberg; Steven Greenberg | Jeffrey Greenberg; Steven Greenberg | |
15.01 | Property | 80-100 Commerce Way | Natixis | Natixis | $3,494,101 | $3,494,101 | $3,182,002 | $102 | ||||||
15.02 | Property | 40 Commerce Way | Natixis | Natixis | $3,396,659 | $3,396,659 | $3,093,264 | $102 | ||||||
15.03 | Property | 29 Commerce Way | Natixis | Natixis | $3,380,095 | $3,380,095 | $3,078,179 | $102 | ||||||
15.04 | Property | One Center Court | Natixis | Natixis | $3,205,116 | $3,205,116 | $2,918,830 | $102 | ||||||
15.05 | Property | 11 Commerce Way | Natixis | Natixis | $3,194,062 | $3,194,062 | $2,908,763 | $102 | ||||||
15.06 | Property | 45 Commerce Way | Natixis | Natixis | $2,982,738 | $2,982,738 | $2,716,315 | $102 | ||||||
15.07 | Property | 999 Riverview Drive | Natixis | Natixis | $1,981,090 | $1,981,090 | $1,804,136 | $102 | ||||||
15.08 | Property | Two Center Court | Natixis | Natixis | $1,947,612 | $1,947,612 | $1,773,648 | $102 | ||||||
15.09 | Property | 120-140 Commerce Way | Natixis | Natixis | $1,674,587 | $1,674,587 | $1,525,010 | $102 | ||||||
15.10 | Property | 60 Commerce Way | Natixis | Natixis | $755,066 | $755,066 | $687,622 | $102 | ||||||
15.11 | Property | 20 Commerce Way | Natixis | Natixis | $738,874 | $738,874 | $672,877 | $102 | ||||||
16 | Loan | Rockside Office Portfolio | 2.8% | BSP | BSP | $24,000,000 | $24,000,000 | $24,000,000 | $68 | Refinance | Francis Greenburger | Francis Greenburger | ||
16.01 | Property | Freedom Square II | BSP | BSP | $8,500,000 | $8,500,000 | $8,500,000 | $68 | ||||||
16.02 | Property | Freedom Square III | BSP | BSP | $5,225,000 | $5,225,000 | $5,225,000 | $68 | ||||||
16.03 | Property | Rock Run North | BSP | BSP | $4,400,000 | $4,400,000 | $4,400,000 | $68 | ||||||
16.04 | Property | Rock Run Center | BSP | BSP | $4,200,000 | $4,200,000 | $4,200,000 | $68 | ||||||
16.05 | Property | Freedom Square I | BSP | BSP | $1,675,000 | $1,675,000 | $1,675,000 | $68 | ||||||
17 | Loan | The Boulders Resort & Spa | 2.7% | Column | Column | $23,000,000 | $22,952,843 | $21,360,790 | $455,315 | Refinance | Columbia Sussex Corporation; CSC Holdings, LLC | Columbia Sussex Corporation; CSC Holdings, LLC | ||
18 | Loan | 701 East 22nd Street | 1.8% | BSP | BSP | $15,190,000 | $15,190,000 | $15,190,000 | $87 | Acquisition | Lincoln Property Company Commercial, Inc.; Bruce Stern | Lincoln Property Company Commercial, Inc.; Bruce Stern | ||
19 | Loan | 237 East Fordham Road | 1.8% | Natixis | Natixis | $15,000,000 | $15,000,000 | $15,000,000 | $625 | Refinance | Joseph Nakash, Aaron E. Cohen, Elliot D. Cohen | Joseph Nakash, Aaron E. Cohen, Elliot D. Cohen | ||
20 | Loan | Wild Meadows | 1.7% | Column | Column | $14,500,000 | $14,500,000 | $14,500,000 | $65,022 | Acquisition | Ross H. Partrich | Ross H. Partrich | ||
21 | Loan | Mt. Washington Mill | 1.7% | BSP | BSP | $14,150,000 | $14,150,000 | $12,056,320 | $193 | Refinance | Samuel K. Himmelrich, Jr. | Samuel K. Himmelrich, Jr. | ||
22 | Loan | Goldstar Industrial Portfolio | 1.4% | BSP | BSP | $11,600,000 | $11,600,000 | $11,600,000 | $53 | Acquisition | Michael S. Brodsky | Michael S. Brodsky | ||
22.01 | Property | 1361 Brass Mill Road | BSP | BSP | $3,235,000 | $3,235,000 | $3,235,000 | $53 | ||||||
22.02 | Property | Harwood Business Center | BSP | BSP | $2,900,000 | $2,900,000 | $2,900,000 | $53 | ||||||
22.03 | Property | 201 Gateway Drive | BSP | BSP | $1,617,000 | $1,617,000 | $1,617,000 | $53 | ||||||
22.04 | Property | 2113 Columbia Park Road | BSP | BSP | $1,450,000 | $1,450,000 | $1,450,000 | $53 | ||||||
22.05 | Property | 2111 Emmorton Park Road | BSP | BSP | $1,227,000 | $1,227,000 | $1,227,000 | $53 | ||||||
22.06 | Property | 5495 Levering Avenue | BSP | BSP | $1,171,000 | $1,171,000 | $1,171,000 | $53 | ||||||
23 | Loan | Meadows at June Road | 1.2% | BSP | BSP | $10,500,000 | $10,500,000 | $9,267,264 | $132,911 | Refinance | Robert Janicki; John Janicki | Robert Janicki; John Janicki | ||
24 | Loan | Lakefront I & II | 1.2% | BSP | BSP | $10,430,000 | $10,430,000 | $10,430,000 | $54 | Acquisition | Sebastian Barbagallo | Sebastian Barbagallo | ||
25 | Loan | Spurlock Apartments | 0.9% | Natixis | Natixis | $8,000,000 | $8,000,000 | $6,979,761 | $59,259 | Refinance | Scott Asner, Michael Gortenburg | Scott Asner, Michael Gortenburg | ||
26 | Loan | SeaMist RV Park | 0.8% | BSP | BSP | $7,000,000 | $7,000,000 | $5,353,201 | $28,455 | Refinance | Ronald Sewell | Ronald Sewell | ||
27 | Loan | Southern Woods | 0.8% | BSP | BSP | $6,700,000 | $6,700,000 | $5,960,667 | $64,423 | Acquisition | Gideon Levy | Gideon Levy | ||
28 | Loan | 332 East 6th Street | 0.7% | Natixis | Natixis | $6,300,000 | $6,300,000 | $6,300,000 | $525,000 | Refinance | Robert Kaliner; Harkishan Parekh; The Rafael Nassen Trust u/d/a April 1, 1982 | Robert Kaliner; Harkishan Parekh; The Rafael Nassen Trust u/d/a April 1, 1982 | ||
29 | Loan | Springtree Apartments | 0.6% | Natixis | Natixis | $5,000,000 | $5,000,000 | $4,089,204 | $32,895 | Refinance | Scott Asner, Michael Gortenburg | Scott Asner, Michael Gortenburg | ||
30 | Loan | 1442 Pennsylvania Avenue Southeast | 0.5% | Natixis | Natixis | $4,300,000 | $4,300,000 | $4,300,000 | $388 | Refinance | Norman Jemal | Norman Jemal | ||
31 | Loan | Outback Steakhouse El Paso | 0.2% | Natixis | Natixis | $1,750,000 | $1,750,000 | $1,750,000 | $282 | Acquisition | Mordecai Mizrahi; Ezra Mizrahi | Mordecai Mizrahi; Ezra Mizrahi |
APPENDIX I - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS | |||||||||||||||||||||
MORTGAGED PROPERTY CHARACTERISTICS (7) | |||||||||||||||||||||
Loan ID | Footnotes | Property Flag | Deal Name | No. of Properties | General Property Type | Detailed Property Type | Title Type(5)(6) | Ground Lease Initial Lease Expiration Date(5) | Address | City | County | State | Zip Code | Year Built | Year Renovated | Net Rentable Area SF/Units/ Rooms/Pads | Units of Measure | Occupancy Rate(8) | Occupancy Rate As-of Date | Appraised Value | Appraisal As-of Date |
1 | Loan | Park Center Phase I | 1 | Office | Suburban | Fee | NAP | 236 Perimeter Center Parkway Northeast | Dunwoody | DeKalb | GA | 30346 | 2016 | NAP | 590,926 | Square Feet | 99.5% | 7/1/2017 | $307,500,000 | 6/26/2017 | |
2 | Loan | GNL Portfolio | 12 | Various | Various | Fee | NAP | Various | Various | Various | Various | Various | Various | Various | 2,620,673 | Square Feet | 100.0% | 11/6/2017 | $323,100,000 | Various | |
2.01 | Property | Sandoz, Inc. | 1 | Office | Suburban | Fee | NAP | 100 College Road West | Plainsboro | Middlesex | NJ | 08540 | 2001 | 2014 | 154,101 | Square Feet | 100.0% | 11/6/2017 | $59,400,000 | 8/31/2017 | |
2.02 | Property | Intervet Inc. | 1 | Office | Suburban | Fee | NAP | 2 Giralda Farms | Madison | Middlesex | NJ | 07940 | 1988 | 2014 | 146,366 | Square Feet | 100.0% | 11/6/2017 | $49,000,000 | 8/24/2017 | |
2.03 | Property | GE Aviation Systems, LLC | 1 | Mixed Use | Office/Industrial | Fee | NAP | 3290 Patterson Avenue Southeast | Grand Rapids | Kent | MI | 49512 | 1986 | 1990 | 369,000 | Square Feet | 100.0% | 11/6/2017 | $37,000,000 | 8/24/2017 | |
2.04 | Property | FedEx Ground Package System, Inc. (NY) | 1 | Industrial | Distribution | Fee | NAP | 100 Orville Drive | Bohemia | Suffolk | NY | 11716 | 1976 | 2014 | 158,520 | Square Feet | 100.0% | 11/6/2017 | $33,000,000 | 8/22/2017 | |
2.05 | Property | Nissan North America Inc. | 1 | Industrial | Distribution | Fee | NAP | 4500 Singer Road | Murfreesboro | Rutherford | TN | 37129 | 2008 | 2013 | 462,155 | Square Feet | 100.0% | 11/6/2017 | $29,000,000 | 9/6/2017 | |
2.06 | Property | Constellium Automotive USA, LLC | 1 | Industrial | Single Tenant | Fee | NAP | 6331 Schooner Drive | Van Buren Township | Wayne | MI | 48111 | 1998 | 2014 | 320,680 | Square Feet | 100.0% | 11/6/2017 | $25,500,000 | 8/25/2017 | |
2.07 | Property | C&J Energy Services, Inc. II | 1 | Office | Suburban | Fee | NAP | 3990 Rogerdale Road | Houston | Harris | TX | 77042 | 2013 | NAP | 125,000 | Square Feet | 100.0% | 11/6/2017 | $25,100,000 | 9/18/2017 | |
2.08 | Property | Lippert Components Manufacturing, Inc. | 1 | Industrial | Warehouse | Fee | NAP | 1902 West Sample Street | South Bend | St. Joseph | IN | 46619 | 2003 | NAP | 539,137 | Square Feet | 100.0% | 11/6/2017 | $15,400,000 | 8/31/2017 | |
2.09 | Property | FedEx Ground Package System, Inc. (WV) | 1 | Industrial | Distribution | Fee | NAP | 163 Pitman Road | Morgantown | Monongalia | WV | 26501 | 2016 | NAP | 103,512 | Square Feet | 100.0% | 11/6/2017 | $13,600,000 | 9/6/2017 | |
2.10 | Property | C&J Energy Services, Inc. I | 1 | Mixed Use | Office/Industrial | Fee | NAP | 10771 Westpark Drive | Houston | Harris | TX | 77042 | 2013 | NAP | 96,149 | Square Feet | 100.0% | 11/6/2017 | $15,600,000 | 9/18/2017 | |
2.11 | Property | U.S. General Services Administration | 1 | Office | Suburban | Fee | NAP | 312 Highway 11 East | International Falls | Koochiching | MN | 56649 | 2009 | NAP | 33,000 | Square Feet | 100.0% | 11/6/2017 | $12,900,000 | 8/23/2017 | |
2.12 | Property | PNC Bank N.A. | 1 | Office | Suburban | Fee | NAP | 201 Penn Avenue | Scranton | Lackawanna | PA | 18503 | 1975 | 1994 | 113,053 | Square Feet | 100.0% | 11/6/2017 | $7,600,000 | 8/22/2017 | |
3 | Loan | Yorkshire & Lexington Towers | 2 | Multifamily | High-Rise | Fee | NAP | Various | New York | New York | NY | Various | Various | 2014-2017 | 827 | Units | 92.0% | 9/24/2017 | $890,000,000 | 8/15/2017 | |
3.01 | Property | Yorkshire Tower | 1 | Multifamily | High-Rise | Fee | NAP | 305 East 86th Street | New York | New York | NY | 10028 | 1964 | 2014-2017 | 690 | Units | 93.0% | 9/24/2017 | $745,000,000 | 8/15/2017 | |
3.02 | Property | Lexington Tower | 1 | Multifamily | High-Rise | Fee | NAP | 160 East 88th Street | New York | New York | NY | 10128 | 1963 | 2014-2017 | 137 | Units | 86.9% | 9/24/2017 | $145,000,000 | 8/15/2017 | |
4 | Loan | Westin Times Square Fee | 1 | Other | Leased Fee | Leased Fee | NAP | 270 West 43rd Street | New York | New York | NY | 10036 | 2002 | 2016 | 17,574 | Square Feet | 100.0% | 11/6/2017 | $126,000,000 | 9/7/2017 | |
5 | Loan | One California Plaza | 1 | Office | CBD | Fee | NAP | 300 South Grand Avenue | Los Angeles | Los Angeles | CA | 90071 | 1985 | 2012-2016 | 1,047,062 | Square Feet | 87.7% | 9/1/2017 | $459,000,000 | 9/7/2017 | |
6 | Loan | Lehigh Valley Mall | 1 | Retail | Super Regional Mall | Fee | NAP | 250 Lehigh Valley Mall | Whitehall | Lehigh | PA | 18052 | 1976 | 2006 | 545,233 | Square Feet | 83.9% | 10/12/2017 | $445,000,000 | 9/4/2017 | |
7 | (27) | Loan | The Standard Highline NYC | 1 | Hotel | Full Service | Fee | NAP | 848 Washington Street | New York | New York | NY | 10014 | 2006-2008 | NAP | 338 | Rooms | 90.9% | 7/31/2017 | $340,000,000 | 9/7/2017 |
8 | Loan | Centre 425 Bellevue | 1 | Office | CBD | Fee | NAP | 425 106th Avenue Northeast | Bellevue | King | WA | 98004 | 2017 | NAP | 356,909 | Square Feet | 100.0% | 11/1/2017 | $316,000,000 | 10/1/2017 | |
9 | Loan | 379 West Broadway | 1 | Office | CBD | Fee | NAP | 379 West Broadway | New York | New York | NY | 10012 | 1889 | 1987 | 69,392 | Square Feet | 100.0% | 10/1/2017 | $80,000,000 | 6/1/2017 | |
10 | (27) | Loan | 600 Vine | 1 | Office | CBD | Fee | NAP | 600 Vine Street | Cincinnati | Hamilton | OH | 45202 | 1984 | 2005 | 578,893 | Square Feet | 80.1% | 7/10/2017 | $71,000,000 | 8/1/2017 |
11 | Loan | 300 Montgomery | 1 | Office | CBD | Fee | NAP | 300 Montgomery Street | San Francisco | San Francisco | CA | 94104 | 1918, 1941 | 2015 | 192,574 | Square Feet | 87.9% | 7/19/2017 | $119,600,000 | 5/24/2017 | |
12 | Loan | Garden Multifamily Portfolio | 15 | Multifamily | Garden | Fee | NAP | Various | Various | Various | Various | Various | Various | NAP | 1,192 | Units | 94.1% | 8/1/2017 | $80,160,000 | Various | |
12.01 | Property | Carleton | 1 | Multifamily | Garden | Fee | NAP | 2976 Cascade Drive | Ann Arbor | Washtenaw | MI | 48104 | 1985 | NAP | 103 | Units | 96.1% | 8/1/2017 | $8,400,000 | 2/9/2017 | |
12.02 | Property | River Glen | 1 | Multifamily | Garden | Fee | NAP | 1184 Fox Creek Lane | Reynoldsburg | Franklin | OH | 43068 | 1987 | NAP | 113 | Units | 98.2% | 8/1/2017 | $8,000,000 | 2/3/2017 | |
12.03 | Property | Tabor Ridge | 1 | Multifamily | Garden | Fee | NAP | 80 Emerson Avenue | Berea | Cuyahoga | OH | 44017 | 1986 | NAP | 97 | Units | 99.0% | 8/1/2017 | $6,600,000 | 2/8/2017 | |
12.04 | Property | Ridgewood | 1 | Multifamily | Garden | Fee | NAP | 3326 Michael Avenue | Bedford | Lawrence | IN | 47421 | 1984 | NAP | 98 | Units | 96.9% | 8/1/2017 | $6,100,000 | 2/9/2017 | |
12.05 | Property | Foxhaven | 1 | Multifamily | Garden | Fee | NAP | 4171 Foxhaven Avenue Northwest | Canton | Stark | OH | 44718 | 1986 | NAP | 107 | Units | 90.7% | 8/1/2017 | $6,600,000 | 2/8/2017 | |
12.06 | Property | Hayfield | 1 | Multifamily | Garden | Fee | NAP | 5519-C Limaburg Road | Burlington | Boone | KY | 41005 | 1987 | NAP | 86 | Units | 89.5% | 8/1/2017 | $5,360,000 | 2/7/2017 | |
12.07 | Property | Laurel | 1 | Multifamily | Garden | Fee | NAP | 1632 Laurel Bay Drive | Ypsilanti | Washtenaw | MI | 48198 | 1989 | NAP | 68 | Units | 95.6% | 8/1/2017 | $4,700,000 | 2/9/2017 | |
12.08 | Property | Wood Trail | 1 | Multifamily | Garden | Fee | NAP | 247 Jackson Street | Newnan | Coweta | GA | 30263 | 1984, 1985 | NAP | 61 | Units | 96.7% | 8/1/2017 | $4,700,000 | 2/9/2017 | |
12.09 | Property | Camellia | 1 | Multifamily | Garden | Fee | NAP | 3835 Beth Anne Drive | Columbus | Franklin | OH | 43207 | 1981 | NAP | 104 | Units | 90.4% | 8/1/2017 | $5,600,000 | 2/3/2017 | |
12.10 | Property | Ashgrove | 1 | Multifamily | Garden | Fee | NAP | 7701 Hogans Run | Louisville | Jefferson | KY | 40228 | 1985 | NAP | 60 | Units | 96.7% | 8/1/2017 | $4,150,000 | 2/7/2017 | |
12.11 | Property | Slate Run | 1 | Multifamily | Garden | Fee | NAP | 450 Turney Road | Bedford | Cuyahoga | OH | 44146 | 1984 | NAP | 62 | Units | 88.7% | 8/1/2017 | $4,050,000 | 2/8/2017 | |
12.12 | Property | Forsythia | 1 | Multifamily | Garden | Fee | NAP | 1481 Bunchline Drive | Westerville | Franklin | OH | 43081 | 1984 | NAP | 60 | Units | 98.3% | 8/1/2017 | $4,200,000 | 2/3/2017 | |
12.13 | Property | Beckford | 1 | Multifamily | Garden | Fee | NAP | 36 Poston Road | The Plains | Athens | OH | 45780 | 1982 | NAP | 60 | Units | 90.0% | 8/1/2017 | $4,100,000 | 2/8/2017 | |
12.14 | Property | Meadowood | 1 | Multifamily | Garden | Fee | NAP | 8611 Meadowood Drive | Newburgh | Warrick | IN | 47630 | 1985 | NAP | 65 | Units | 86.2% | 8/1/2017 | $4,000,000 | 2/9/2017 | |
12.15 | Property | Elmwood | 1 | Multifamily | Garden | Fee | NAP | 1705 Roswell Road | Marietta | Cobb | GA | 30062 | 1984 | NAP | 48 | Units | 97.9% | 8/1/2017 | $3,600,000 | 2/9/2017 | |
13 | (27) | Loan | 333 North Bedford | 1 | Mixed Use | Office/Retail/Warehouse | Fee | NAP | 333 North Bedford Road | Mount Kisco; Bedford | Westchester | NY | 10549 | 1957 | 2007-2014 | 611,954 | Square Feet | 90.0% | 7/1/2017 | $94,700,000 | 7/27/2017 |
14 | Loan | Miracle Mile | 1 | Retail | Anchored | Fee & Leasehold | 9/30/2046 | 4100 William Penn Highway | Monroeville | Allegheny | PA | 15146 | 1954 | 2006 | 298,694 | Square Feet | 97.7% | 9/7/2017 | $80,600,000 | 8/3/2017 | |
15 | (27) | Loan | Totowa Commerce Center | 11 | Various | Various | Fee | NAP | Various | Totowa | Passaic | NJ | 07512 | Various | NAP | 507,779 | Square Feet | 85.5% | 7/24/2017 | $69,150,000 | 8/2/2017 |
15.01 | Property | 80-100 Commerce Way | 1 | Industrial | Flex | Fee | NAP | 80-100 Commerce Way | Totowa | Passaic | NJ | 07512 | 1996 | NAP | 47,294 | Square Feet | 100.0% | 7/24/2017 | |||
15.02 | Property | 40 Commerce Way | 1 | Industrial | Flex | Fee | NAP | 40 Commerce Way | Totowa | Passaic | NJ | 07512 | 1987 | NAP | 50,822 | Square Feet | 100.0% | 7/24/2017 | |||
15.03 | Property | 29 Commerce Way | 1 | Industrial | Flex | Fee | NAP | 29 Commerce Way | Totowa | Passaic | NJ | 07512 | 1990 | NAP | 50,969 | Square Feet | 100.0% | 7/24/2017 | |||
15.04 | Property | One Center Court | 1 | Industrial | Flex | Fee | NAP | One Center Court | Totowa | Passaic | NJ | 07512 | 1999 | NAP | 39,245 | Square Feet | 100.0% | 7/24/2017 | |||
15.05 | Property | 11 Commerce Way | 1 | Industrial | Flex | Fee | NAP | 11 Commerce Way | Totowa | Passaic | NJ | 07512 | 1989 | NAP | 47,207 | Square Feet | 100.0% | 7/24/2017 | |||
15.06 | Property | 45 Commerce Way | 1 | Industrial | Flex | Fee | NAP | 45 Commerce Way | Totowa | Passaic | NJ | 07512 | 1992 | NAP | 51,849 | Square Feet | 100.0% | 7/24/2017 | |||
15.07 | Property | 999 Riverview Drive | 1 | Office | Suburban | Fee | NAP | 999 Riverview Drive | Totowa | Passaic | NJ | 07512 | 1988 | NAP | 58,191 | Square Feet | 78.4% | 7/24/2017 | $6,800,000 | 8/2/2017 | |
15.08 | Property | Two Center Court | 1 | Industrial | Flex | Fee | NAP | Two Center Court | Totowa | Passaic | NJ | 07512 | 1998 | NAP | 30,600 | Square Feet | 100.0% | 7/24/2017 | |||
15.09 | Property | 120-140 Commerce Way | 1 | Industrial | Flex | Fee | NAP | 120-140 Commerce Way | Totowa | Passaic | NJ | 07512 | 1994 | NAP | 35,765 | Square Feet | 77.0% | 7/24/2017 | |||
15.10 | Property | 60 Commerce Way | 1 | Industrial | Flex | Fee | NAP | 60 Commerce Way | Totowa | Passaic | NJ | 07512 | 1988 | NAP | 50,943 | Square Feet | 43.6% | 7/24/2017 | |||
15.11 | Property | 20 Commerce Way | 1 | Industrial | Flex | Fee | NAP | 20 Commerce Way | Totowa | Passaic | NJ | 07512 | 1992 | NAP | 44,894 | Square Feet | 46.3% | 7/24/2017 | |||
16 | Loan | Rockside Office Portfolio | 5 | Office | Suburban | Fee | NAP | Various | Various | Cuyahoga | OH | 44131 | Various | NAP | 354,741 | Square Feet | 91.5% | 9/30/2017 | $47,330,000 | 10/3/2017 | |
16.01 | Property | Freedom Square II | 1 | Office | Suburban | Fee | NAP | 6000 Freedom Square Drive | Independence | Cuyahoga | OH | 44131 | 1986 | NAP | 115,187 | Square Feet | 96.2% | 9/30/2017 | $17,280,000 | 10/3/2017 | |
16.02 | Property | Freedom Square III | 1 | Office | Suburban | Fee | NAP | 4511 Rockside Road | Independence | Cuyahoga | OH | 44131 | 1997 | NAP | 71,693 | Square Feet | 96.9% | 9/30/2017 | $9,350,000 | 10/3/2017 | |
16.03 | Property | Rock Run North | 1 | Office | Suburban | Fee | NAP | 5700 Lombardo Center | Seven Hillls | Cuyahoga | OH | 44131 | 1985 | NAP | 63,294 | Square Feet | 89.1% | 9/30/2017 | $8,550,000 | 10/3/2017 | |
16.04 | Property | Rock Run Center | 1 | Office | Suburban | Fee | NAP | 5700 Lombardo Center | Seven Hillls | Cuyahoga | OH | 44131 | 1985 | NAP | 63,304 | Square Feet | 91.9% | 9/30/2017 | $7,930,000 | 10/3/2017 | |
16.05 | Property | Freedom Square I | 1 | Office | Suburban | Fee | NAP | 4401 Rockside Road | Independence | Cuyahoga | OH | 44131 | 1980 | NAP | 41,263 | Square Feet | 72.3% | 9/30/2017 | $4,220,000 | 10/3/2017 | |
17 | Loan | The Boulders Resort & Spa | 1 | Hotel | Resort | Fee | NAP | 34631 North Tom Darlington Drive | Scottsdale | Maricopa | AZ | 85262 | 1985 | 2015-2016 | 160 | Rooms | 73.8% | 6/30/2017 | $130,300,000 | 7/6/2017 | |
18 | Loan | 701 East 22nd Street | 1 | Office | Suburban | Fee | NAP | 701 East 22nd Street | Lombard | DuPage | IL | 60148 | 1980 | 2001-2003 | 174,098 | Square Feet | 97.1% | 9/30/2017 | $23,600,000 | 8/19/2017 | |
19 | Loan | 237 East Fordham Road | 1 | Retail | Community Center | Fee | NAP | 237-263 East Fordham Road | Bronx | Bronx | NY | 10458 | 1920 | 2017 | 24,000 | Square Feet | 100.0% | 7/1/2017 | $36,800,000 | 7/14/2017 | |
20 | Loan | Wild Meadows | 1 | Manufactured Housing | Manufactured Housing Community | Fee | NAP | 529 Weaver Drive | Dover | Kent | DE | 19901 | 2002 | NAP | 223 | Pads | 100.0% | 9/30/2017 | $23,000,000 | 9/8/2017 | |
21 | Loan | Mt. Washington Mill | 1 | Mixed Use | Office/Retail | Fee & Leasehold | 4/9/2031 for Parcel A; 12/31/2020 for Lots 4, 5/7, 8 | 1340 Smith Avenue | Baltimore | NAP | MD | 21209 | 1820 | 1996 | 73,392 | Square Feet | 78.6% | 8/1/2017 | $26,500,000 | 7/31/2017 | |
22 | Loan | Goldstar Industrial Portfolio | 6 | Industrial | Flex | Fee | NAP | Various | Various | Various | MD | Various | Various | NAP | 217,500 | Square Feet | 96.0% | Various | $20,800,000 | Various | |
22.01 | Property | 1361 Brass Mill Road | 1 | Industrial | Flex | Fee | NAP | 1361 Brass Mill Road | Belcamp | Harford | MD | 21017 | 2001 | NAP | 54,000 | Square Feet | 100.0% | 8/17/2017 | $5,800,000 | 8/21/2017 | |
22.02 | Property | Harwood Business Center | 1 | Industrial | Flex | Fee | NAP | 6350-6360 South Hanover Road | Elkridge | Howard | MD | 21075 | 1989 | NAP | 47,100 | Square Feet | 91.1% | 8/17/2017 | $5,200,000 | 8/23/2017 | |
22.03 | Property | 201 Gateway Drive | 1 | Industrial | Flex | Fee | NAP | 201 Gateway Drive | Bel Air | Harford | MD | 21014 | 1983 | NAP | 20,400 | Square Feet | 77.3% | 8/17/2017 | $2,900,000 | 8/21/2017 | |
22.04 | Property | 2113 Columbia Park Road | 1 | Industrial | Flex | Fee | NAP | 2113 Columbia Park Road | Edgewood | Harford | MD | 21040 | 1987 | NAP | 30,000 | Square Feet | 100.0% | 8/17/2017 | $2,600,000 | 8/21/2017 | |
22.05 | Property | 2111 Emmorton Park Road | 1 | Industrial | Flex | Fee | NAP | 2111 Emmorton Park Road | Edgewood | Harford | MD | 21040 | 1984 | NAP | 30,000 | Square Feet | 100.0% | 8/17/2017 | $2,200,000 | 8/21/2017 | |
22.06 | Property | 5495 Levering Avenue | 1 | Industrial | Flex | Fee | NAP | 5495 Levering Avenue | Elkridge | Howard | MD | 21075 | 1962 | NAP | 36,000 | Square Feet | 100.0% | 11/6/2017 | $2,100,000 | 8/23/2017 | |
23 | Loan | Meadows at June Road | 1 | Multifamily | Garden | Fee | NAP | 4343-4360 Fuchsia Drive and 4330-4349 Water Lily Loop | Bellingham | Whatcom | WA | 98226 | 2017 | NAP | 79 | Units | 100.0% | 9/25/2017 | $16,600,000 | 7/24/2017 | |
24 | Loan | Lakefront I & II | 1 | Office | Suburban | Fee | NAP | 6101-6251 Chancellor Drive | Orlando | Orange | FL | 32809 | 1986 | NAP | 192,767 | Square Feet | 88.1% | 7/31/2017 | $17,680,000 | 9/5/2017 | |
25 | Loan | Spurlock Apartments | 1 | Multifamily | Garden | Fee | NAP | 2575 North 31st Street | Nederland | Jefferson | TX | 77627 | 2003, 2005 | NAP | 135 | Units | 94.1% | 6/28/2017 | $12,300,000 | 9/20/2017 | |
26 | Loan | SeaMist RV Park | 1 | Manufactured Housing | Recreational Vehicle Community | Fee | NAP | 4616 Devane Road | Shallotte | Brunswick | NC | 28470 | 1985 | NAP | 246 | Pads | 86.5% | 10/1/2017 | $12,440,000 | 9/6/2017 | |
27 | Loan | Southern Woods | 1 | Multifamily | Garden | Fee | NAP | 1286 Southern Woods Drive | Tucker | Gwinnett | GA | 30084 | 1981 | NAP | 104 | Units | 96.2% | 9/12/2017 | $9,600,000 | 9/27/2017 | |
28 | Loan | 332 East 6th Street | 1 | Multifamily | Mid-Rise | Fee | NAP | 332 East 6th Street | New York | New York | NY | 10003 | 1900 | 2016-2017 | 12 | Units | 91.7% | 8/1/2017 | $10,300,000 | 8/1/2017 | |
29 | Loan | Springtree Apartments | 1 | Multifamily | Garden | Fee | NAP | 250 Springtree Drive | Columbia | Richland | SC | 29223 | 1982 | 2016-2017 | 152 | Units | 95.4% | 6/28/2017 | $7,100,000 | 8/31/2017 | |
30 | Loan | 1442 Pennsylvania Avenue Southeast | 1 | Mixed Use | Office/Retail | Fee | NAP | 1442 Pennsylvania Avenue Southeast | Washington | District of Columbia | DC | 20003 | 2014 | NAP | 11,096 | Square Feet | 100.0% | 10/31/2017 | $6,900,000 | 9/27/2017 | |
31 | Loan | Outback Steakhouse El Paso | 1 | Retail | Single Tenant | Fee | NAP | 11875 Gateway Boulevard West | El Paso | El Paso | TX | 79936 | 1998 | 2014-2016 | 6,204 | Square Feet | 100.0% | 11/6/2017 | $3,695,000 | 9/8/2017 |
APPENDIX I - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS | |||||||||||||||||||||||
MORTGAGE LOAN CHARACTERISTICS | |||||||||||||||||||||||
Loan ID | Footnotes | Property Flag | Deal Name | Mortgage Rate | Administrative Fee Rate(9) | Subservicing Fee Rate(9) | Master Servicing Fee Rate(9) | Pari Passu Loan Primary Servicing Fee Rate(9) | Trustee Fee Rate(9) | Operating Advisor Fee Rate(9) | Asset Representations Review Fee(9) | CREFC Fee Rate(9) | Interest Accrual Basis | Seasoning (mos.) | ARD (Yes/No) | Original Term to Maturity (mos.) | Remaining Term to Maturity (mos.) | Original Interest-Only Period (mos.) | Remaining Interest-Only Period (mos.) | Original Amortization Term (mos.) | Remaining Amortization Term (mos.) | Note Date | First Payment Date |
1 | Loan | Park Center Phase I | 3.3400% | 0.01387% | 0.00250% | 0.00250% | 0.00000% | 0.00611% | 0.00179% | 0.00047% | 0.00050% | Actual/360 | 3 | No | 84 | 81 | 84 | 81 | 0 | 0 | 7/27/2017 | 9/6/2017 | |
2 | Loan | GNL Portfolio | 4.3690% | 0.01387% | 0.00000% | 0.00250% | 0.00250% | 0.00611% | 0.00179% | 0.00047% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 120 | 120 | 0 | 0 | 10/27/2017 | 12/6/2017 | |
2.01 | Property | Sandoz, Inc. | |||||||||||||||||||||
2.02 | Property | Intervet Inc. | |||||||||||||||||||||
2.03 | Property | GE Aviation Systems, LLC | |||||||||||||||||||||
2.04 | Property | FedEx Ground Package System, Inc. (NY) | |||||||||||||||||||||
2.05 | Property | Nissan North America Inc. | |||||||||||||||||||||
2.06 | Property | Constellium Automotive USA, LLC | |||||||||||||||||||||
2.07 | Property | C&J Energy Services, Inc. II | |||||||||||||||||||||
2.08 | Property | Lippert Components Manufacturing, Inc. | |||||||||||||||||||||
2.09 | Property | FedEx Ground Package System, Inc. (WV) | |||||||||||||||||||||
2.10 | Property | C&J Energy Services, Inc. I | |||||||||||||||||||||
2.11 | Property | U.S. General Services Administration | |||||||||||||||||||||
2.12 | Property | PNC Bank N.A. | |||||||||||||||||||||
3 | Loan | Yorkshire & Lexington Towers | 2.7400% | 0.01387% | 0.00000% | 0.00250% | 0.00250% | 0.00611% | 0.00179% | 0.00047% | 0.00050% | Actual/360 | 1 | No | 60 | 59 | 60 | 59 | 0 | 0 | 10/3/2017 | 11/6/2017 | |
3.01 | Property | Yorkshire Tower | |||||||||||||||||||||
3.02 | Property | Lexington Tower | |||||||||||||||||||||
4 | Loan | Westin Times Square Fee | 3.5100% | 0.01387% | 0.00000% | 0.00250% | 0.00250% | 0.00611% | 0.00179% | 0.00047% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 120 | 120 | 0 | 0 | 10/31/2017 | 12/6/2017 | |
5 | Loan | One California Plaza | 3.8000% | 0.01387% | 0.00250% | 0.00250% | 0.00000% | 0.00611% | 0.00179% | 0.00047% | 0.00050% | Actual/360 | 0 | No | 84 | 84 | 84 | 84 | 0 | 0 | 10/26/2017 | 12/6/2017 | |
6 | Loan | Lehigh Valley Mall | 4.0560% | 0.01387% | 0.00250% | 0.00250% | 0.00000% | 0.00611% | 0.00179% | 0.00047% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 0 | 0 | 360 | 360 | 10/13/2017 | 12/1/2017 | |
7 | (27) | Loan | The Standard Highline NYC | 5.28377778% | 0.01387% | 0.00000% | 0.00250% | 0.00250% | 0.00611% | 0.00179% | 0.00047% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 120 | 120 | 0 | 0 | 10/27/2017 | 12/5/2017 |
8 | Loan | Centre 425 Bellevue | 4.1510% | 0.01387% | 0.00250% | 0.00250% | 0.00000% | 0.00611% | 0.00179% | 0.00047% | 0.00050% | Actual/360 | 0 | Yes | 120 | 120 | 120 | 120 | 0 | 0 | 10/18/2017 | 12/7/2017 | |
9 | Loan | 379 West Broadway | 4.7410% | 0.01387% | 0.00000% | 0.00250% | 0.00250% | 0.00611% | 0.00179% | 0.00047% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 120 | 120 | 0 | 0 | 10/12/2017 | 12/6/2017 | |
10 | (27) | Loan | 600 Vine | 4.201553% | 0.01387% | 0.00000% | 0.00250% | 0.00250% | 0.00611% | 0.00179% | 0.00047% | 0.00050% | Actual/360 | 2 | No | 120 | 118 | 0 | 0 | 360 | 358 | 8/31/2017 | 10/5/2017 |
11 | Loan | 300 Montgomery | 3.5700% | 0.01387% | 0.00250% | 0.00250% | 0.00000% | 0.00611% | 0.00179% | 0.00047% | 0.00050% | Actual/360 | 2 | No | 120 | 118 | 120 | 118 | 0 | 0 | 8/23/2017 | 10/5/2017 | |
12 | Loan | Garden Multifamily Portfolio | 5.0100% | 0.01387% | 0.00000% | 0.00250% | 0.00250% | 0.00611% | 0.00179% | 0.00047% | 0.00050% | Actual/360 | 5 | No | 120 | 115 | 0 | 0 | 360 | 355 | 5/12/2017 | 7/6/2017 | |
12.01 | Property | Carleton | |||||||||||||||||||||
12.02 | Property | River Glen | |||||||||||||||||||||
12.03 | Property | Tabor Ridge | |||||||||||||||||||||
12.04 | Property | Ridgewood | |||||||||||||||||||||
12.05 | Property | Foxhaven | |||||||||||||||||||||
12.06 | Property | Hayfield | |||||||||||||||||||||
12.07 | Property | Laurel | |||||||||||||||||||||
12.08 | Property | Wood Trail | |||||||||||||||||||||
12.09 | Property | Camellia | |||||||||||||||||||||
12.10 | Property | Ashgrove | |||||||||||||||||||||
12.11 | Property | Slate Run | |||||||||||||||||||||
12.12 | Property | Forsythia | |||||||||||||||||||||
12.13 | Property | Beckford | |||||||||||||||||||||
12.14 | Property | Meadowood | |||||||||||||||||||||
12.15 | Property | Elmwood | |||||||||||||||||||||
13 | (27) | Loan | 333 North Bedford | 3.7800% | 0.01387% | 0.00250% | 0.00250% | 0.00000% | 0.00611% | 0.00179% | 0.00047% | 0.00050% | Actual/360 | 15 | No | 120 | 105 | 0 | 0 | 360 | 345 | 8/4/2016 | 9/10/2016 |
14 | Loan | Miracle Mile | 4.3400% | 0.02387% | 0.01000% | 0.00250% | 0.00250% | 0.00611% | 0.00179% | 0.00047% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 60 | 59 | 360 | 360 | 9/7/2017 | 11/6/2017 | |
15 | (27) | Loan | Totowa Commerce Center | 4.2050% | 0.01387% | 0.00000% | 0.00250% | 0.00250% | 0.00611% | 0.00179% | 0.00047% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 60 | 59 | 360 | 360 | 9/20/2017 | 11/5/2017 |
15.01 | Property | 80-100 Commerce Way | |||||||||||||||||||||
15.02 | Property | 40 Commerce Way | |||||||||||||||||||||
15.03 | Property | 29 Commerce Way | |||||||||||||||||||||
15.04 | Property | One Center Court | |||||||||||||||||||||
15.05 | Property | 11 Commerce Way | |||||||||||||||||||||
15.06 | Property | 45 Commerce Way | |||||||||||||||||||||
15.07 | Property | 999 Riverview Drive | |||||||||||||||||||||
15.08 | Property | Two Center Court | |||||||||||||||||||||
15.09 | Property | 120-140 Commerce Way | |||||||||||||||||||||
15.10 | Property | 60 Commerce Way | |||||||||||||||||||||
15.11 | Property | 20 Commerce Way | |||||||||||||||||||||
16 | Loan | Rockside Office Portfolio | 4.1500% | 0.01387% | 0.00000% | 0.00250% | 0.00250% | 0.00611% | 0.00179% | 0.00047% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 120 | 120 | 0 | 0 | 10/24/2017 | 12/6/2017 | |
16.01 | Property | Freedom Square II | |||||||||||||||||||||
16.02 | Property | Freedom Square III | |||||||||||||||||||||
16.03 | Property | Rock Run North | |||||||||||||||||||||
16.04 | Property | Rock Run Center | |||||||||||||||||||||
16.05 | Property | Freedom Square I | |||||||||||||||||||||
17 | Loan | The Boulders Resort & Spa | 5.4800% | 0.01387% | 0.00250% | 0.00250% | 0.00000% | 0.00611% | 0.00179% | 0.00047% | 0.00050% | Actual/360 | 2 | No | 60 | 58 | 0 | 0 | 360 | 358 | 8/31/2017 | 10/6/2017 | |
18 | Loan | 701 East 22nd Street | 5.0000% | 0.01387% | 0.00000% | 0.00250% | 0.00250% | 0.00611% | 0.00179% | 0.00047% | 0.00050% | Actual/360 | 0 | No | 84 | 84 | 84 | 84 | 0 | 0 | 10/18/2017 | 12/6/2017 | |
19 | Loan | 237 East Fordham Road | 3.9270% | 0.01387% | 0.00000% | 0.00250% | 0.00250% | 0.00611% | 0.00179% | 0.00047% | 0.00050% | Actual/360 | 0 | Yes | 120 | 120 | 120 | 120 | 0 | 0 | 11/2/2017 | 12/5/2017 | |
20 | Loan | Wild Meadows | 4.5530% | 0.01387% | 0.00000% | 0.00250% | 0.00250% | 0.00611% | 0.00179% | 0.00047% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 120 | 120 | 0 | 0 | 10/27/2017 | 12/6/2017 | |
21 | Loan | Mt. Washington Mill | 4.4100% | 0.01387% | 0.00000% | 0.00250% | 0.00250% | 0.00611% | 0.00179% | 0.00047% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 24 | 23 | 360 | 360 | 9/12/2017 | 11/6/2017 | |
22 | Loan | Goldstar Industrial Portfolio | 4.2100% | 0.01387% | 0.00000% | 0.00250% | 0.00250% | 0.00611% | 0.00179% | 0.00047% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 120 | 119 | 0 | 0 | 9/21/2017 | 11/6/2017 | |
22.01 | Property | 1361 Brass Mill Road | |||||||||||||||||||||
22.02 | Property | Harwood Business Center | |||||||||||||||||||||
22.03 | Property | 201 Gateway Drive | |||||||||||||||||||||
22.04 | Property | 2113 Columbia Park Road | |||||||||||||||||||||
22.05 | Property | 2111 Emmorton Park Road | |||||||||||||||||||||
22.06 | Property | 5495 Levering Avenue | |||||||||||||||||||||
23 | Loan | Meadows at June Road | 4.8700% | 0.01387% | 0.00000% | 0.00250% | 0.00250% | 0.00611% | 0.00179% | 0.00047% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 36 | 35 | 360 | 360 | 10/4/2017 | 11/6/2017 | |
24 | Loan | Lakefront I & II | 4.4500% | 0.06137% | 0.05000% | 0.00250% | 0.00000% | 0.00611% | 0.00179% | 0.00047% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 120 | 119 | 0 | 0 | 10/2/2017 | 11/6/2017 | |
25 | Loan | Spurlock Apartments | 4.3650% | 0.01387% | 0.00000% | 0.00250% | 0.00250% | 0.00611% | 0.00179% | 0.00047% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 36 | 36 | 360 | 360 | 10/31/2017 | 12/5/2017 | |
26 | Loan | SeaMist RV Park | 5.6400% | 0.01387% | 0.00000% | 0.00250% | 0.00250% | 0.00611% | 0.00179% | 0.00047% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 0 | 0 | 300 | 300 | 10/31/2017 | 12/6/2017 | |
27 | Loan | Southern Woods | 5.2400% | 0.01387% | 0.00000% | 0.00250% | 0.00250% | 0.00611% | 0.00179% | 0.00047% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 36 | 36 | 360 | 360 | 10/25/2017 | 12/6/2017 | |
28 | Loan | 332 East 6th Street | 4.4500% | 0.01387% | 0.00000% | 0.00250% | 0.00250% | 0.00611% | 0.00179% | 0.00047% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 120 | 120 | 0 | 0 | 10/12/2017 | 12/5/2017 | |
29 | Loan | Springtree Apartments | 4.8450% | 0.01387% | 0.00000% | 0.00250% | 0.00250% | 0.00611% | 0.00179% | 0.00047% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 0 | 0 | 360 | 360 | 10/31/2017 | 12/5/2017 | |
30 | Loan | 1442 Pennsylvania Avenue Southeast | 4.6890% | 0.01387% | 0.00000% | 0.00250% | 0.00250% | 0.00611% | 0.00179% | 0.00047% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 120 | 120 | 0 | 0 | 10/24/2017 | 12/5/2017 | |
31 | Loan | Outback Steakhouse El Paso | 5.1800% | 0.01387% | 0.00000% | 0.00250% | 0.00250% | 0.00611% | 0.00179% | 0.00047% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 120 | 120 | 0 | 0 | 10/24/2017 | 12/5/2017 |
APPENDIX I - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS | ||||||||||||||||||||||||
MORTGAGE LOAN CHARACTERISTICS | ||||||||||||||||||||||||
Loan ID | Footnotes | Property Flag | Deal Name | First P&I Payment Date (Partial IO Loans) | Maturity Date | ARD Loan Stated Maturity Date | Monthly Debt Service (P&I) | Monthly Debt Service (IO)(10) | Annual Debt Service (P&I)(11) | Annual Debt Service (IO)(11) | Lockbox Type(12) | Cash Management Status | Crossed With Other Loans | Related-Borrower Loans(13) | UW NOI DSCR (P&I)(14) | UW NOI DSCR (IO) | UW NCF DSCR (P&I)(14) | UW NCF DSCR (IO) | Cut-Off Date LTV Ratio | Maturity Date LTV Ratio | Grace Period to Late Charge (Days) | Grace Period to Default (Days) | Due Date | Prepayment Provisions (No. of Payments)(15)(16) |
1 | Loan | Park Center Phase I | NAP | 8/6/2024 | 8/6/2024 | $220,115.28 | $220,115.28 | $2,641,383 | $2,641,383 | Hard | Springing | No | No | 3.19x | 3.19x | 3.17x | 3.17x | 51.4% | 51.4% | 0 | 0 | 6 | YM1(74), O(10) | |
2 | Loan | GNL Portfolio | NAP | 11/6/2027 | 11/6/2027 | $269,472.23 | $269,472.23 | $3,233,667 | $3,233,667 | Hard | In Place | No | No | 2.43x | 2.43x | 2.22x | 2.22x | 57.9% | 57.9% | 0 | 0 | 6 | YM1(116), O(4) | |
2.01 | Property | Sandoz, Inc. | 2.43x | 2.22x | 57.9% | 57.9% | ||||||||||||||||||
2.02 | Property | Intervet Inc. | 2.43x | 2.22x | 57.9% | 57.9% | ||||||||||||||||||
2.03 | Property | GE Aviation Systems, LLC | 2.43x | 2.22x | 57.9% | 57.9% | ||||||||||||||||||
2.04 | Property | FedEx Ground Package System, Inc. (NY) | 2.43x | 2.22x | 57.9% | 57.9% | ||||||||||||||||||
2.05 | Property | Nissan North America Inc. | 2.43x | 2.22x | 57.9% | 57.9% | ||||||||||||||||||
2.06 | Property | Constellium Automotive USA, LLC | 2.43x | 2.22x | 57.9% | 57.9% | ||||||||||||||||||
2.07 | Property | C&J Energy Services, Inc. II | 2.43x | 2.22x | 57.9% | 57.9% | ||||||||||||||||||
2.08 | Property | Lippert Components Manufacturing, Inc. | 2.43x | 2.22x | 57.9% | 57.9% | ||||||||||||||||||
2.09 | Property | FedEx Ground Package System, Inc. (WV) | 2.43x | 2.22x | 57.9% | 57.9% | ||||||||||||||||||
2.10 | Property | C&J Energy Services, Inc. I | 2.43x | 2.22x | 57.9% | 57.9% | ||||||||||||||||||
2.11 | Property | U.S. General Services Administration | 2.43x | 2.22x | 57.9% | 57.9% | ||||||||||||||||||
2.12 | Property | PNC Bank N.A. | 2.43x | 2.22x | 57.9% | 57.9% | ||||||||||||||||||
3 | Loan | Yorkshire & Lexington Towers | NAP | 10/6/2022 | 10/6/2022 | $138,902.78 | $138,902.78 | $1,666,833 | $1,666,833 | Soft | Springing | No | No | 4.31x | 4.31x | 4.28x | 4.28x | 22.5% | 22.5% | 0 | 0 | 6 | L(25), Def(28), O(7) | |
3.01 | Property | Yorkshire Tower | 4.31x | 4.28x | 22.5% | 22.5% | ||||||||||||||||||
3.02 | Property | Lexington Tower | 4.31x | 4.28x | 22.5% | 22.5% | ||||||||||||||||||
4 | Loan | Westin Times Square Fee | NAP | 11/6/2027 | 11/6/2027 | $169,040.63 | $169,040.63 | $2,028,488 | $2,028,488 | Hard | In Place | No | No | 1.87x | 1.87x | 1.87x | 1.87x | 45.2% | 45.2% | 0 | 0 | 6 | YM1(35), Def or YM1(78), O(7) | |
5 | Loan | One California Plaza | NAP | 11/6/2024 | 11/6/2024 | $160,532.41 | $160,532.41 | $1,926,389 | $1,926,389 | Hard | Springing | No | No | 4.91x | 4.91x | 4.42x | 4.42x | 29.6% | 29.6% | 0 | 0 | 6 | L(24), Def(54), O(6) | |
6 | Loan | Lehigh Valley Mall | NAP | 11/1/2027 | 11/1/2027 | $240,324.70 | NAP | $2,883,896 | NAP | Hard | Springing | No | No | 2.16x | 2.07x | 44.9% | 35.8% | 0 | 0 | 1 | L(24), Def(89), O(7) | |||
7 | (27) | Loan | The Standard Highline NYC | NAP | 11/5/2027 | 11/5/2027 | $200,893.63 | $200,893.63 | $2,410,724 | $2,410,724 | Hard | In Place | No | Natixis-A | 7.10x | 7.10x | 5.94x | 5.94x | 13.2% | 13.2% | 0 | 0 | 5 | YM1(113), O(7) |
8 | Loan | Centre 425 Bellevue | NAP | 1/30/2033 | 11/7/2027 | $154,317.27 | $154,317.27 | $1,851,807 | $1,851,807 | Hard | In Place | No | No | 3.86x | 3.86x | 3.85x | 3.85x | 29.7% | 29.7% | 0 | 0 | 7 | L(24), Def or YM1(89), O(7) | |
9 | Loan | 379 West Broadway | NAP | 11/6/2027 | 11/6/2027 | $168,239.65 | $168,239.65 | $2,018,876 | $2,018,876 | Hard | In Place | No | No | 1.64x | 1.64x | 1.60x | 1.60x | 52.5% | 52.5% | 0 | 0 | 6 | L(24), Def(89), O(7) | |
10 | (27) | Loan | 600 Vine | NAP | 9/5/2027 | 9/5/2027 | $178,746.17 | NAP | $2,144,954 | NAP | Hard | In Place | No | No | 1.74x | 1.47x | 74.4% | 64.1% | 0 | 0 | 5 | L(26), Def or YM1(90), O(4) | ||
11 | Loan | 300 Montgomery | NAP | 9/5/2027 | 9/5/2027 | $90,489.58 | $90,489.58 | $1,085,875 | $1,085,875 | Hard | Springing | No | Natixis-A | 2.66x | 2.66x | 2.56x | 2.56x | 55.2% | 55.2% | 0 | 0 | 5 | L(26), YM1(87), O(7) | |
12 | Loan | Garden Multifamily Portfolio | NAP | 6/6/2027 | 6/6/2027 | $158,542.72 | NAP | $1,902,513 | NAP | Springing | Springing | No | No | 1.43x | 1.33x | 71.3% | 59.0% | 0 | 0 | 6 | L(29), Def(87), O(4) | |||
12.01 | Property | Carleton | 1.43x | 1.33x | 71.3% | 59.0% | ||||||||||||||||||
12.02 | Property | River Glen | 1.43x | 1.33x | 71.3% | 59.0% | ||||||||||||||||||
12.03 | Property | Tabor Ridge | 1.43x | 1.33x | 71.3% | 59.0% | ||||||||||||||||||
12.04 | Property | Ridgewood | 1.43x | 1.33x | 71.3% | 59.0% | ||||||||||||||||||
12.05 | Property | Foxhaven | 1.43x | 1.33x | 71.3% | 59.0% | ||||||||||||||||||
12.06 | Property | Hayfield | 1.43x | 1.33x | 71.3% | 59.0% | ||||||||||||||||||
12.07 | Property | Laurel | 1.43x | 1.33x | 71.3% | 59.0% | ||||||||||||||||||
12.08 | Property | Wood Trail | 1.43x | 1.33x | 71.3% | 59.0% | ||||||||||||||||||
12.09 | Property | Camellia | 1.43x | 1.33x | 71.3% | 59.0% | ||||||||||||||||||
12.10 | Property | Ashgrove | 1.43x | 1.33x | 71.3% | 59.0% | ||||||||||||||||||
12.11 | Property | Slate Run | 1.43x | 1.33x | 71.3% | 59.0% | ||||||||||||||||||
12.12 | Property | Forsythia | 1.43x | 1.33x | 71.3% | 59.0% | ||||||||||||||||||
12.13 | Property | Beckford | 1.43x | 1.33x | 71.3% | 59.0% | ||||||||||||||||||
12.14 | Property | Meadowood | 1.43x | 1.33x | 71.3% | 59.0% | ||||||||||||||||||
12.15 | Property | Elmwood | 1.43x | 1.33x | 71.3% | 59.0% | ||||||||||||||||||
13 | (27) | Loan | 333 North Bedford | NAP | 8/10/2026 | 8/10/2026 | $137,121.77 | NAP | $1,645,461 | NAP | Hard | Springing | No | No | 1.74x | 1.63x | 61.4% | 49.5% | 0 | 0 | 10 | L(39), Def(77), O(4) | ||
14 | Loan | Miracle Mile | 11/6/2022 | 10/6/2027 | 10/6/2027 | $139,222.45 | $102,673.15 | $1,670,669 | $1,232,078 | Hard | In-Place | No | No | 1.62x | 2.20x | 1.52x | 2.06x | 69.5% | 63.4% | 0 | 0 | 6 | L(25), Def(90), O(5) | |
15 | (27) | Loan | Totowa Commerce Center | 11/5/2022 | 10/5/2027 | 10/5/2027 | $130,890.17 | $95,038.35 | $1,570,682 | $1,140,460 | Hard | Springing | No | No | 1.66x | 2.28x | 1.55x | 2.13x | 74.8% | 68.2% | 0 | 0 | 5 | L(25), Def(92), O(3) |
15.01 | Property | 80-100 Commerce Way | 1.66x | 1.55x | 74.8% | 68.2% | ||||||||||||||||||
15.02 | Property | 40 Commerce Way | 1.66x | 1.55x | 74.8% | 68.2% | ||||||||||||||||||
15.03 | Property | 29 Commerce Way | 1.66x | 1.55x | 74.8% | 68.2% | ||||||||||||||||||
15.04 | Property | One Center Court | 1.66x | 1.55x | 74.8% | 68.2% | ||||||||||||||||||
15.05 | Property | 11 Commerce Way | 1.66x | 1.55x | 74.8% | 68.2% | ||||||||||||||||||
15.06 | Property | 45 Commerce Way | 1.66x | 1.55x | 74.8% | 68.2% | ||||||||||||||||||
15.07 | Property | 999 Riverview Drive | 1.66x | 1.55x | 74.8% | 68.2% | ||||||||||||||||||
15.08 | Property | Two Center Court | 1.66x | 1.55x | 74.8% | 68.2% | ||||||||||||||||||
15.09 | Property | 120-140 Commerce Way | 1.66x | 1.55x | 74.8% | 68.2% | ||||||||||||||||||
15.10 | Property | 60 Commerce Way | 1.66x | 1.55x | 74.8% | 68.2% | ||||||||||||||||||
15.11 | Property | 20 Commerce Way | 1.66x | 1.55x | 74.8% | 68.2% | ||||||||||||||||||
16 | Loan | Rockside Office Portfolio | NAP | 11/6/2027 | 11/6/2027 | $84,152.78 | $84,152.78 | $1,009,833 | $1,009,833 | Springing | Springing | No | No | 3.52x | 3.52x | 2.95x | 2.95x | 50.7% | 50.7% | 0 | 0 | 6 | L(24), Def(92), O(4) | |
16.01 | Property | Freedom Square II | 3.52x | 2.95x | 50.7% | 50.7% | ||||||||||||||||||
16.02 | Property | Freedom Square III | 3.52x | 2.95x | 50.7% | 50.7% | ||||||||||||||||||
16.03 | Property | Rock Run North | 3.52x | 2.95x | 50.7% | 50.7% | ||||||||||||||||||
16.04 | Property | Rock Run Center | 3.52x | 2.95x | 50.7% | 50.7% | ||||||||||||||||||
16.05 | Property | Freedom Square I | 3.52x | 2.95x | 50.7% | 50.7% | ||||||||||||||||||
17 | Loan | The Boulders Resort & Spa | NAP | 9/6/2022 | 9/6/2022 | $130,303.01 | NAP | $1,563,636 | NAP | Hard | In Place | No | No | 1.94x | 1.61x | 55.9% | 52.0% | 0 | 0 | 6 | L(26), Def(30), O(4) | |||
18 | Loan | 701 East 22nd Street | NAP | 11/6/2024 | 11/6/2024 | $64,170.72 | $64,170.72 | $770,049 | $770,049 | Hard | Springing | No | No | 2.30x | 2.30x | 2.03x | 2.03x | 64.4% | 64.4% | 0 | 0 | 6 | L(24), YM1(55), O(5) | |
19 | Loan | 237 East Fordham Road | NAP | 11/5/2032 | 11/5/2027 | $49,769.27 | $49,769.27 | $597,231 | $597,231 | Hard | Springing | No | No | 3.24x | 3.24x | 3.19x | 3.19x | 40.8% | 40.8% | 0 | 0 | 5 | L(24), Def(92), O(4) | |
20 | Loan | Wild Meadows | NAP | 11/6/2027 | 11/6/2027 | $55,779.52 | $55,779.52 | $669,354 | $669,354 | Springing | Springing | No | No | 1.55x | 1.55x | 1.53x | 1.53x | 63.0% | 63.0% | 0 | 0 | 6 | L(24), Def(92), O(4) | |
21 | Loan | Mt. Washington Mill | 11/6/2019 | 10/6/2027 | 10/6/2027 | $70,941.28 | $52,723.49 | $851,295 | $632,682 | Hard | Springing | No | No | 2.21x | 2.98x | 2.12x | 2.86x | 53.4% | 45.5% | 0 | 0 | 6 | L(25), Def(91), O(4) | |
22 | Loan | Goldstar Industrial Portfolio | NAP | 10/6/2027 | 10/6/2027 | $41,261.90 | $41,261.90 | $495,143 | $495,143 | Springing | Springing | No | No | 3.12x | 3.12x | 2.78x | 2.78x | 55.8% | 55.8% | 0 | 0 | 6 | L(25), Def(91), O(4) | |
22.01 | Property | 1361 Brass Mill Road | 3.12x | 2.78x | 55.8% | 55.8% | ||||||||||||||||||
22.02 | Property | Harwood Business Center | 3.12x | 2.78x | 55.8% | 55.8% | ||||||||||||||||||
22.03 | Property | 201 Gateway Drive | 3.12x | 2.78x | 55.8% | 55.8% | ||||||||||||||||||
22.04 | Property | 2113 Columbia Park Road | 3.12x | 2.78x | 55.8% | 55.8% | ||||||||||||||||||
22.05 | Property | 2111 Emmorton Park Road | 3.12x | 2.78x | 55.8% | 55.8% | ||||||||||||||||||
22.06 | Property | 5495 Levering Avenue | 3.12x | 2.78x | 55.8% | 55.8% | ||||||||||||||||||
23 | Loan | Meadows at June Road | 11/6/2020 | 10/6/2027 | 10/6/2027 | $55,535.00 | $43,204.34 | $666,420 | $518,452 | Soft | Springing | No | No | 1.29x | 1.65x | 1.26x | 1.62x | 63.3% | 55.8% | 0 | 0 | 6 | L(25), Def(91), O(4) | |
24 | Loan | Lakefront I & II | NAP | 10/6/2027 | 10/6/2027 | $39,215.11 | $39,215.11 | $470,581 | $470,581 | Springing | Springing | No | No | 3.85x | 3.85x | 3.42x | 3.42x | 59.0% | 59.0% | 0 | 0 | 6 | L(25), Def(91), O(4) | |
25 | Loan | Spurlock Apartments | 12/5/2020 | 11/5/2027 | 11/5/2027 | $39,895.65 | $29,504.17 | $478,748 | $354,050 | Springing | Springing | No | Natixis-B | 1.79x | 2.42x | 1.70x | 2.30x | 65.0% | 56.7% | 0 | 0 | 5 | L(24), Def(93), O(3) | |
26 | Loan | SeaMist RV Park | NAP | 11/6/2027 | 11/6/2027 | $43,573.33 | NAP | $522,880 | NAP | Springing | Springing | No | No | 1.59x | 1.57x | 56.3% | 43.0% | 0 | 0 | 6 | L(24), Def(92), O(4) | |||
27 | Loan | Southern Woods | 12/6/2020 | 11/6/2027 | 11/6/2027 | $36,956.16 | $29,663.01 | $443,474 | $355,956 | NAP | NAP | No | No | 1.34x | 1.67x | 1.28x | 1.60x | 69.8% | 62.1% | 0 | 5 | 6 | L(24), Def(92), O(4) | |
28 | Loan | 332 East 6th Street | NAP | 11/5/2027 | 11/5/2027 | $23,686.98 | $23,686.98 | $284,244 | $284,244 | Soft | Springing | No | No | 1.58x | 1.58x | 1.57x | 1.57x | 61.2% | 61.2% | 0 | 0 | 5 | L(24), Def(93), O(3) | |
29 | Loan | Springtree Apartments | NAP | 11/5/2027 | 11/5/2027 | $26,369.44 | NAP | $316,433 | NAP | Springing | Springing | No | Natixis-B | 1.67x | 1.52x | 70.4% | 57.6% | 0 | 0 | 5 | L(24), Def(93), O(3) | |||
30 | Loan | 1442 Pennsylvania Avenue Southeast | NAP | 11/5/2027 | 11/5/2027 | $17,035.61 | $17,035.61 | $204,427 | $204,427 | Hard | Springing | No | No | 1.83x | 1.83x | 1.78x | 1.78x | 62.3% | 62.3% | 0 | 0 | 5 | L(24), Def(92), O(4) | |
31 | Loan | Outback Steakhouse El Paso | NAP | 11/5/2027 | 11/5/2027 | $7,659.09 | $7,659.09 | $91,909 | $91,909 | Hard | Springing | No | No | 1.79x | 1.79x | 1.77x | 1.77x | 47.4% | 47.4% | 0 | 0 | 5 | L(24), Def(93), O(3) |
APPENDIX I - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS | ||||||||||||||||||||||||||
MORTGAGED PROPERTY UNDERWRITTEN CASH FLOWS(17) | ||||||||||||||||||||||||||
Loan ID | Footnotes | Property Flag | Deal Name | Third Most Recent Revenues | Third Most Recent Expenses | Third Most Recent NOI | Third Most Recent NOI Date | Third Most Recent NOI Debt Yield | Second Most Recent Revenues | Second Most Recent Expenses | Second Most Recent NOI | Second Most Recent NOI Date | Second Most Recent NOI Debt Yield | Most Recent Revenues | Most Recent Expenses | Most Recent NOI | Most Recent NOI Date | Most Recent NOI Debt Yield | UW Occupancy | UW EGI | UW Expenses | UW NOI | UW NOI Debt Yield | UW Capital Items | UW NCF | UW NCF Debt Yield |
1 | Loan | Park Center Phase I | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $22,593,870 | $6,712,812 | $15,881,058 | YTD 5/31/2017 | 10.1% | 99.6% | $24,931,963 | $7,842,171 | $17,089,792 | 10.8% | $124,408 | $16,965,384 | 10.7% | |
2 | Loan | GNL Portfolio | $23,428,526 | $3,404,346 | $20,024,180 | 2015 | 10.7% | $24,523,966 | $3,513,000 | $21,010,966 | 2016 | 11.2% | $25,230,101 | $4,177,600 | $21,052,501 | T12 8/31/2017 | 11.3% | 95.0% | $27,197,253 | $7,037,633 | $20,159,620 | 10.8% | $1,734,210 | $18,425,410 | 9.9% | |
2.01 | Property | Sandoz, Inc. | $4,863,481 | $1,251,394 | $3,612,087 | 2015 | $5,294,524 | $1,234,874 | $4,059,650 | 2016 | $5,276,877 | $1,180,078 | $4,096,799 | T12 8/31/2017 | 95.0% | $5,243,297 | $1,327,771 | $3,915,526 | 10.8% | $236,993 | $3,678,534 | 9.9% | ||||
2.02 | Property | Intervet Inc. | $3,676,128 | $510,779 | $3,165,349 | 2015 | $4,044,307 | $803,831 | $3,240,476 | 2016 | $4,027,821 | $749,225 | $3,278,596 | T12 8/31/2017 | 95.0% | $3,948,865 | $797,157 | $3,151,708 | 10.8% | $209,479 | $2,942,229 | 9.9% | ||||
2.03 | Property | GE Aviation Systems, LLC | $2,566,189 | $18,749 | $2,547,440 | 2015 | $2,564,556 | $6,891 | $2,557,665 | 2016 | $2,659,086 | $16,573 | $2,642,513 | T12 8/31/2017 | 95.0% | $2,982,197 | $502,479 | $2,479,718 | 10.8% | $291,547 | $2,188,171 | 9.9% | ||||
2.04 | Property | FedEx Ground Package System, Inc. (NY) | $2,023,729 | $130,873 | $1,892,856 | 2015 | $2,422,619 | $482,334 | $1,940,285 | 2016 | $2,422,051 | $538,354 | $1,883,697 | T12 8/31/2017 | 95.0% | $2,321,461 | $598,293 | $1,723,168 | 10.8% | $86,161 | $1,637,006 | 9.9% | ||||
2.05 | Property | Nissan North America Inc. | $2,031,178 | $382,470 | $1,648,708 | 2015 | $2,074,253 | $603,059 | $1,471,194 | 2016 | $2,005,065 | $418,744 | $1,586,321 | T12 8/31/2017 | 95.0% | $1,969,748 | $426,968 | $1,542,780 | 10.8% | $148,992 | $1,393,788 | 9.9% | ||||
2.06 | Property | Constellium Automotive USA, LLC | $1,954,520 | $41,502 | $1,913,018 | 2015 | $2,097,319 | $160,769 | $1,936,550 | 2016 | $2,037,773 | $82,103 | $1,955,670 | T12 8/31/2017 | 95.0% | $2,123,182 | $277,924 | $1,845,258 | 10.8% | $123,724 | $1,721,534 | 9.9% | ||||
2.07 | Property | C&J Energy Services, Inc. II | $1,897,812 | $66,293 | $1,831,519 | 2015 | $2,253,881 | $105,594 | $2,148,287 | 2016 | $1,760,170 | $132,631 | $1,627,539 | T12 8/31/2017 | 95.0% | $2,166,460 | $824,081 | $1,342,379 | 10.8% | $178,062 | $1,164,316 | 9.9% | ||||
2.08 | Property | Lippert Components Manufacturing, Inc. | $1,404,993 | $696,436 | $708,557 | 2015 | $752,747 | ($208,935) | $961,682 | 2016 | $1,755,527 | $741,145 | $1,014,382 | T12 8/31/2017 | 95.0% | $1,812,261 | $888,545 | $923,715 | 10.8% | $149,810 | $773,905 | 9.9% | ||||
2.09 | Property | FedEx Ground Package System, Inc. (WV) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $421,693 | $6,819 | $414,874 | T12 8/31/2017 | 95.0% | $1,167,555 | $280,387 | $887,168 | 10.8% | $48,775 | $838,393 | 9.9% | ||||
2.10 | Property | C&J Energy Services, Inc. I | $1,161,708 | $6,890 | $1,154,818 | 2015 | $1,161,185 | $8,213 | $1,152,972 | 2016 | $1,000,788 | $3,255 | $997,533 | T12 8/31/2017 | 95.0% | $1,304,867 | $438,351 | $866,515 | 10.8% | $95,975 | $770,541 | 9.9% | ||||
2.11 | Property | U.S. General Services Administration | $1,352,996 | $295,626 | $1,057,370 | 2015 | $1,352,856 | $311,604 | $1,041,252 | 2016 | $1,350,846 | $301,699 | $1,049,147 | T12 8/31/2017 | 95.0% | $1,285,728 | $309,379 | $976,349 | 10.8% | $56,292 | $920,057 | 9.9% | ||||
2.12 | Property | PNC Bank N.A. | $495,792 | $3,334 | $492,458 | 2015 | $505,719 | $4,766 | $500,953 | 2016 | $512,404 | $6,974 | $505,430 | T12 8/31/2017 | 95.0% | $871,633 | $366,298 | $505,336 | 10.8% | $108,400 | $396,936 | 9.9% | ||||
3 | Loan | Yorkshire & Lexington Towers | $22,932,055 | $12,878,848 | $10,053,207 | 2015 | 5.0% | $22,282,785 | $12,726,214 | $9,556,571 | 2016 | 4.8% | $25,464,312 | $13,142,223 | $12,322,089 | T12 6/30/2017 | 6.2% | 86.9% | $38,084,023 | $14,135,899 | $23,948,124 | 12.0% | $183,139 | $23,764,985 | 11.9% | |
3.01 | Property | Yorkshire Tower | $18,642,769 | $10,510,120 | $8,132,649 | 2015 | $18,331,288 | $10,283,642 | $8,047,646 | 2016 | $21,564,780 | $10,594,493 | $10,970,286 | T12 6/30/2017 | 88.1% | $32,703,002 | $11,369,959 | $21,333,043 | 12.0% | $145,916 | $21,187,127 | 11.9% | ||||
3.02 | Property | Lexington Tower | $4,289,286 | $2,368,729 | $1,920,558 | 2015 | $3,951,498 | $2,442,573 | $1,508,925 | 2016 | $3,899,533 | $2,547,730 | $1,351,803 | T12 6/30/2017 | 80.1% | $5,381,021 | $2,765,940 | $2,615,081 | 12.0% | $37,223 | $2,577,858 | 11.9% | ||||
4 | Loan | Westin Times Square Fee | $3,628,624 | $3,628,624 | 2015 | 6.4% | $3,683,054 | $3,683,054 | 2016 | 6.5% | N/A | N/A | N/A | N/A | N/A | 100.0% | $3,794,375 | $3,794,375 | 6.7% | $3,794,375 | 6.7% | |||||
5 | Loan | One California Plaza | $29,023,974 | $15,329,342 | $13,694,632 | 2015 | 10.1% | $30,660,584 | $15,544,905 | $15,115,679 | 2016 | 11.1% | $31,388,426 | $15,365,864 | $16,022,562 | T12 4/30/2017 | 11.8% | 87.6% | $42,571,241 | $16,843,619 | $25,727,622 | 18.9% | $2,558,708 | $23,168,914 | 17.0% | |
6 | Loan | Lehigh Valley Mall | $36,151,146 | $9,508,909 | $26,642,237 | 2015 | 13.3% | $36,598,789 | $9,104,230 | $27,494,559 | 2016 | 13.7% | $35,447,338 | $9,071,090 | $26,376,248 | T12 8/31/2017 | 13.2% | 92.3% | $33,855,086 | $8,922,902 | $24,932,184 | 12.5% | $1,005,356 | $23,926,828 | 12.0% | |
7 | (27) | Loan | The Standard Highline NYC | $99,180,856 | $76,740,845 | $22,440,011 | 2015 | 49.9% | $97,899,967 | $78,606,952 | $19,293,015 | 2016 | 42.9% | $92,588,606 | $77,126,618 | $15,461,988 | T12 7/31/2017 | 34.4% | 90.9% | $92,588,606 | $75,481,416 | $17,107,190 | 38.0% | $2,777,658 | $14,329,532 | 31.8% |
8 | Loan | Centre 425 Bellevue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 97.0% | $21,464,140 | $6,198,423 | $15,265,716 | 16.2% | $35,691 | $15,230,026 | 16.2% | |
9 | Loan | 379 West Broadway | $4,966,607 | $2,063,925 | $2,902,682 | 2015 | 6.9% | $5,598,770 | $2,125,430 | $3,473,340 | 2016 | 8.3% | $5,682,731 | $2,103,404 | $3,579,327 | T12 9/30/2017 | 8.5% | 95.0% | $5,518,187 | $2,203,579 | $3,314,609 | 7.9% | $83,270 | $3,231,338 | 7.7% | |
10 | (27) | Loan | 600 Vine | $9,889,108 | $4,668,529 | $5,220,578 | 2015 | 9.9% | $9,965,544 | $5,083,255 | $4,882,289 | 2016 | 9.2% | $10,402,040 | $5,304,764 | $5,097,276 | T12 5/31/2017 | 9.7% | 90.2% | $10,786,828 | $5,308,300 | $5,478,528 | 10.4% | $862,551 | $4,615,977 | 8.7% |
11 | Loan | 300 Montgomery | $7,344,703 | $3,242,074 | $4,102,630 | 2015 | 6.2% | $8,663,441 | $3,352,316 | $5,311,125 | 2016 | 8.0% | $8,951,097 | $3,490,075 | $5,461,022 | T12 6/30/2017 | 8.3% | 88.1% | $9,739,155 | $3,391,504 | $6,347,651 | 9.6% | $238,792 | $6,108,859 | 9.3% | |
12 | Loan | Garden Multifamily Portfolio | $8,977,316 | $3,830,576 | $5,146,740 | 2015 | 9.0% | $9,174,572 | $3,854,858 | $5,319,714 | 2016 | 9.3% | $9,222,235 | $3,926,339 | $5,295,896 | T12 7/31/2017 | 9.3% | 94.4% | $9,224,847 | $3,922,703 | $5,302,144 | 9.3% | $357,600 | $4,944,544 | 8.6% | |
12.01 | Property | Carleton | $924,115 | $414,443 | $509,672 | 2015 | $952,169 | $405,761 | $546,408 | 2016 | $1,004,515 | $414,237 | $590,278 | T12 7/31/2017 | 95.0% | $1,025,821 | $412,203 | $613,618 | 9.3% | $30,900 | $582,718 | 8.6% | ||||
12.02 | Property | River Glen | $809,085 | $336,747 | $472,338 | 2015 | $860,423 | $346,395 | $514,028 | 2016 | $867,803 | $365,837 | $501,966 | T12 7/31/2017 | 98.5% | $894,050 | $358,872 | $535,178 | 9.3% | $33,900 | $501,278 | 8.6% | ||||
12.03 | Property | Tabor Ridge | $762,957 | $308,225 | $454,732 | 2015 | $764,869 | $322,951 | $441,918 | 2016 | $762,361 | $336,935 | $425,426 | T12 7/31/2017 | 98.8% | $779,851 | $342,146 | $437,705 | 9.3% | $29,100 | $408,605 | 8.6% | ||||
12.04 | Property | Ridgewood | $672,216 | $241,117 | $431,099 | 2015 | $690,398 | $234,115 | $456,283 | 2016 | $706,103 | $238,499 | $467,604 | T12 7/31/2017 | 97.4% | $704,772 | $239,217 | $465,555 | 9.3% | $29,400 | $436,155 | 8.6% | ||||
12.05 | Property | Foxhaven | $727,162 | $290,750 | $436,412 | 2015 | $714,377 | $298,545 | $415,832 | 2016 | $673,730 | $314,692 | $359,038 | T12 7/31/2017 | 90.5% | $666,634 | $313,043 | $353,591 | 9.3% | $32,100 | $321,491 | 8.6% | ||||
12.06 | Property | Hayfield | $541,320 | $284,441 | $256,879 | 2015 | $614,900 | $251,860 | $363,040 | 2016 | $632,123 | $241,962 | $390,161 | T12 7/31/2017 | 89.9% | $611,804 | $241,058 | $370,746 | 9.3% | $25,800 | $344,946 | 8.6% | ||||
12.07 | Property | Laurel | $551,300 | $241,031 | $310,269 | 2015 | $556,979 | $238,397 | $318,582 | 2016 | $571,792 | $231,496 | $340,296 | T12 7/31/2017 | 96.0% | $574,042 | $228,714 | $345,328 | 9.3% | $20,400 | $324,928 | 8.6% | ||||
12.08 | Property | Wood Trail | $469,341 | $168,658 | $300,683 | 2015 | $473,946 | $170,816 | $303,130 | 2016 | $475,853 | $148,927 | $326,926 | T12 7/31/2017 | 96.8% | $486,873 | $147,676 | $339,197 | 9.3% | $18,300 | $320,897 | 8.6% | ||||
12.09 | Property | Camellia | $675,351 | $324,691 | $350,660 | 2015 | $659,966 | $326,706 | $333,260 | 2016 | $634,149 | $356,342 | $277,807 | T12 7/31/2017 | 90.3% | $655,735 | $362,019 | $293,716 | 9.3% | $31,200 | $262,516 | 8.6% | ||||
12.10 | Property | Ashgrove | $468,719 | $202,770 | $265,949 | 2015 | $487,815 | $205,715 | $282,100 | 2016 | $498,058 | $202,617 | $295,441 | T12 7/31/2017 | 96.6% | $502,091 | $201,799 | $300,292 | 9.3% | $18,000 | $282,292 | 8.6% | ||||
12.11 | Property | Slate Run | $534,813 | $263,083 | $271,730 | 2015 | $538,306 | $271,239 | $267,067 | 2016 | $533,373 | $281,042 | $252,331 | T12 7/31/2017 | 89.8% | $481,920 | $278,684 | $203,236 | 9.3% | $18,600 | $184,636 | 8.6% | ||||
12.12 | Property | Forsythia | $500,088 | $213,273 | $286,815 | 2015 | $513,299 | $231,053 | $282,246 | 2016 | $521,882 | $242,782 | $279,100 | T12 7/31/2017 | 97.6% | $520,227 | $241,933 | $278,294 | 9.3% | $18,000 | $260,294 | 8.6% | ||||
12.13 | Property | Beckford | $452,756 | $180,975 | $271,781 | 2015 | $450,136 | $184,574 | $265,562 | 2016 | $444,674 | $185,331 | $259,343 | T12 7/31/2017 | 90.4% | $453,246 | $194,487 | $258,759 | 9.3% | $18,000 | $240,759 | 8.6% | ||||
12.14 | Property | Meadowood | $475,954 | $205,551 | $270,403 | 2015 | $474,832 | $201,513 | $273,319 | 2016 | $469,351 | $202,368 | $266,983 | T12 7/31/2017 | 87.7% | $441,432 | $198,648 | $242,784 | 9.3% | $19,500 | $223,284 | 8.6% | ||||
12.15 | Property | Elmwood | $412,139 | $154,821 | $257,318 | 2015 | $422,157 | $165,218 | $256,939 | 2016 | $426,468 | $163,272 | $263,196 | T12 7/31/2017 | 98.2% | $426,349 | $162,200 | $264,149 | 9.3% | $14,400 | $249,749 | 8.6% | ||||
13 | (27) | Loan | 333 North Bedford | $9,012,571 | $2,382,282 | $6,630,288 | 2015 | 11.4% | $8,785,301 | $2,433,511 | $6,351,790 | 2016 | 10.9% | $8,100,921 | $2,090,907 | $6,010,015 | T12 6/30/2017 | 10.3% | 89.8% | $8,234,062 | $2,469,285 | $5,764,777 | 9.9% | $342,695 | $5,422,082 | 9.3% |
14 | Loan | Miracle Mile | $7,367,206 | $1,942,807 | $5,424,399 | 2015 | 9.7% | $7,595,124 | $1,995,448 | $5,599,676 | 2016 | 10.0% | $7,822,318 | $1,990,140 | $5,832,178 | T12 7/31/2017 | 10.4% | 95.0% | $7,414,737 | $1,987,287 | $5,427,450 | 9.7% | $358,433 | $5,069,017 | 9.1% | |
15 | (27) | Loan | Totowa Commerce Center | $8,028,715 | $2,930,236 | $5,098,479 | 2015 | 9.9% | $7,865,644 | $2,738,702 | $5,126,942 | 2016 | 9.9% | $7,930,112 | $2,750,739 | $5,179,373 | T12 6/30/2017 | 10.0% | 87.1% | $7,847,766 | $2,812,466 | $5,035,300 | 9.7% | $338,626 | $4,696,674 | 9.1% |
15.01 | Property | 80-100 Commerce Way | $796,786 | $268,688 | $528,098 | 2015 | $800,246 | $241,681 | $558,565 | 2016 | $834,772 | $232,329 | $602,443 | T12 6/30/2017 | 100.0% | $899,381 | $241,667 | $657,714 | 9.7% | $31,214 | $626,500 | 9.1% | ||||
15.02 | Property | 40 Commerce Way | $788,384 | $250,204 | $538,180 | 2015 | $781,678 | $232,148 | $549,530 | 2016 | $855,817 | $236,579 | $619,238 | T12 6/30/2017 | 100.0% | $876,264 | $236,892 | $639,372 | 9.7% | $33,543 | $605,829 | 9.1% | ||||
15.03 | Property | 29 Commerce Way | $796,526 | $255,685 | $540,841 | 2015 | $872,723 | $247,584 | $625,139 | 2016 | $874,858 | $247,037 | $627,821 | T12 6/30/2017 | 100.0% | $894,396 | $258,142 | $636,254 | 9.7% | $33,640 | $602,614 | 9.1% | ||||
15.04 | Property | One Center Court | $759,436 | $198,520 | $560,916 | 2015 | $814,671 | $206,095 | $608,576 | 2016 | $787,174 | $187,354 | $599,820 | T12 6/30/2017 | 100.0% | $799,541 | $196,225 | $603,317 | 9.7% | $25,902 | $577,415 | 9.1% | ||||
15.05 | Property | 11 Commerce Way | $800,587 | $236,969 | $563,618 | 2015 | $774,926 | $227,998 | $546,928 | 2016 | $807,291 | $233,599 | $573,692 | T12 6/30/2017 | 100.0% | $835,169 | $233,933 | $601,236 | 9.7% | $31,157 | $570,079 | 9.1% | ||||
15.06 | Property | 45 Commerce Way | $781,821 | $249,449 | $532,372 | 2015 | $745,156 | $239,261 | $505,895 | 2016 | $800,587 | $258,167 | $542,420 | T12 6/30/2017 | 100.0% | $821,362 | $259,905 | $561,457 | 9.7% | $34,220 | $527,237 | 9.1% | ||||
15.07 | Property | 999 Riverview Drive | $979,749 | $585,810 | $393,939 | 2015 | $908,847 | $536,468 | $372,379 | 2016 | $912,520 | $533,299 | $379,221 | T12 6/30/2017 | 76.2% | $925,579 | $552,667 | $372,912 | 9.7% | $41,898 | $331,014 | 9.1% | ||||
15.08 | Property | Two Center Court | $551,157 | $160,205 | $390,952 | 2015 | $541,808 | $151,997 | $389,811 | 2016 | $553,568 | $151,666 | $401,902 | T12 6/30/2017 | 100.0% | $524,526 | $157,916 | $366,610 | 9.7% | $20,196 | $346,414 | 9.1% | ||||
15.09 | Property | 120-140 Commerce Way | $607,646 | $201,390 | $406,256 | 2015 | $587,323 | $184,563 | $402,760 | 2016 | $563,632 | $187,843 | $375,789 | T12 6/30/2017 | 83.0% | $504,822 | $189,605 | $315,217 | 9.7% | $23,605 | $291,612 | 9.1% | ||||
15.10 | Property | 60 Commerce Way | $498,433 | $274,879 | $223,554 | 2015 | $349,874 | $246,117 | $103,757 | 2016 | $246,462 | $254,774 | ($8,312) | T12 6/30/2017 | 51.8% | $402,303 | $260,173 | $142,130 | 9.7% | $33,622 | $108,508 | 9.1% | ||||
15.11 | Property | 20 Commerce Way | $668,190 | $248,437 | $419,753 | 2015 | $688,392 | $224,790 | $463,602 | 2016 | $693,431 | $228,092 | $465,339 | T12 6/30/2017 | 53.5% | $364,424 | $225,341 | $139,082 | 9.7% | $29,630 | $109,452 | 9.1% | ||||
16 | Loan | Rockside Office Portfolio | $4,736,323 | $2,581,372 | $2,154,951 | 2015 | 9.0% | $4,611,773 | $2,410,132 | $2,201,641 | 2016 | 9.2% | $4,986,059 | $2,489,403 | $2,496,656 | T12 8/31/2017 | 10.4% | 87.8% | $6,227,672 | $2,677,776 | $3,549,896 | 14.8% | $574,233 | $2,975,663 | 12.4% | |
16.01 | Property | Freedom Square II | $1,840,236 | $841,988 | $998,248 | 2015 | $1,886,940 | $818,067 | $1,068,873 | 2016 | $1,979,629 | $784,153 | $1,195,477 | T12 8/31/2017 | 90.0% | $2,140,167 | $810,113 | $1,330,055 | 14.8% | $187,886 | $1,142,169 | 12.4% | ||||
16.02 | Property | Freedom Square III | $290,277 | $445,708 | ($155,431) | 2015 | $230,197 | $389,879 | ($159,682) | 2016 | $482,276 | $503,700 | ($21,424) | T12 8/31/2017 | 90.0% | $1,376,905 | $642,484 | $734,421 | 14.8% | $120,486 | $613,934 | 12.4% | ||||
16.03 | Property | Rock Run North | $940,980 | $474,571 | $466,410 | 2015 | $971,385 | $440,518 | $530,866 | 2016 | $1,102,820 | $453,414 | $649,406 | T12 8/31/2017 | 90.0% | $1,091,031 | $447,807 | $643,224 | 14.8% | $109,185 | $534,039 | 12.4% | ||||
16.04 | Property | Rock Run Center | $940,980 | $474,571 | $466,410 | 2015 | $971,385 | $440,518 | $530,866 | 2016 | $1,003,481 | $436,804 | $566,677 | T12 8/31/2017 | 90.0% | $1,091,031 | $447,807 | $643,224 | 14.8% | $109,185 | $534,039 | 12.4% | ||||
16.05 | Property | Freedom Square I | $543,564 | $341,945 | $201,619 | 2015 | $439,968 | $318,873 | $121,095 | 2016 | $417,852 | $311,331 | $106,521 | T12 8/31/2017 | 72.1% | $502,064 | $316,704 | $185,360 | 14.8% | $50,363 | $134,997 | 12.4% | ||||
17 | Loan | The Boulders Resort & Spa | $40,541,404 | $32,440,289 | $8,101,115 | 2015 | 11.1% | $39,711,002 | $30,943,308 | $8,767,694 | 2016 | 12.0% | $40,823,938 | $31,434,940 | $9,388,998 | T12 6/30/2017 | 12.9% | 73.8% | $40,823,938 | $31,183,660 | $9,640,278 | 13.2% | $1,632,958 | $8,007,320 | 11.0% | |
18 | Loan | 701 East 22nd Street | $3,176,096 | $1,832,556 | $1,343,540 | 2015 | 8.8% | $3,426,778 | $1,961,112 | $1,465,666 | 2016 | 9.6% | $3,818,119 | $1,940,684 | $1,877,435 | T12 8/31/2017 | 12.4% | 90.0% | $3,745,578 | $1,973,207 | $1,772,371 | 11.7% | $208,918 | $1,563,453 | 10.3% | |
19 | Loan | 237 East Fordham Road | $1,952,713 | $760,588 | $1,192,125 | 2015 | 7.9% | $1,547,351 | $790,033 | $757,318 | 2016 | 5.0% | $1,446,127 | $787,470 | $658,657 | T12 5/31/2017 | 4.4% | 95.0% | $2,723,852 | $785,921 | $1,937,932 | 12.9% | $30,000 | $1,907,932 | 12.7% | |
20 | Loan | Wild Meadows | $1,286,092 | $208,513 | $1,077,579 | 2015 | 7.4% | $1,286,316 | $213,150 | $1,073,166 | 2016 | 7.4% | $1,344,440 | $286,723 | $1,057,717 | T12 9/30/2017 | 7.3% | 95.0% | $1,289,259 | $252,871 | $1,036,388 | 7.1% | $11,150 | $1,025,238 | 7.1% | |
21 | Loan | Mt. Washington Mill | $2,618,404 | $817,307 | $1,801,097 | 2015 | 12.7% | $2,709,187 | $855,469 | $1,853,718 | 2016 | 13.1% | $2,755,948 | $826,314 | $1,929,634 | T12 6/30/2017 | 13.6% | 79.9% | $2,720,097 | $835,908 | $1,884,189 | 13.3% | $77,062 | $1,807,127 | 12.8% | |
22 | Loan | Goldstar Industrial Portfolio | $1,908,254 | $620,585 | $1,287,668 | 2015 | 11.1% | $2,159,163 | $578,448 | $1,580,715 | 2016 | 13.6% | $2,164,758 | $539,642 | $1,625,116 | T12 7/31/2017 | 14.0% | 94.4% | $2,167,285 | $622,120 | $1,545,165 | 13.3% | $170,327 | $1,374,838 | 11.9% | |
22.01 | Property | 1361 Brass Mill Road | $580,575 | $157,543 | $423,032 | 2015 | $584,391 | $126,220 | $458,171 | 2016 | $588,709 | $134,435 | $454,274 | T12 7/31/2017 | 100.0% | $579,919 | $147,059 | $432,860 | 13.3% | $42,288 | $390,572 | 11.9% | ||||
22.02 | Property | Harwood Business Center | $477,668 | $138,888 | $338,780 | 2015 | $516,924 | $144,740 | $372,184 | 2016 | $481,977 | $134,576 | $347,401 | T12 7/31/2017 | 90.4% | $512,106 | $153,278 | $358,829 | 13.3% | $36,885 | $321,944 | 11.9% | ||||
22.03 | Property | 201 Gateway Drive | $276,643 | $112,893 | $163,750 | 2015 | $317,902 | $92,611 | $225,291 | 2016 | $302,670 | $89,559 | $213,111 | T12 7/31/2017 | 81.4% | $268,798 | $94,576 | $174,222 | 13.3% | $15,975 | $158,246 | 11.9% | ||||
22.04 | Property | 2113 Columbia Park Road | $260,493 | $99,701 | $160,792 | 2015 | $263,700 | $73,297 | $190,403 | 2016 | $319,715 | $77,414 | $242,300 | T12 7/31/2017 | 95.1% | $289,523 | $79,431 | $210,092 | 13.3% | $23,493 | $186,599 | 11.9% | ||||
22.05 | Property | 2111 Emmorton Park Road | $215,384 | $78,104 | $137,280 | 2015 | $261,246 | $75,746 | $185,500 | 2016 | $252,924 | $69,750 | $183,174 | T12 7/31/2017 | 100.0% | $269,616 | $75,866 | $193,750 | 13.3% | $23,493 | $170,257 | 11.9% | ||||
22.06 | Property | 5495 Levering Avenue | $97,491 | $33,455 | $64,036 | 2015 | $215,000 | $65,833 | $149,167 | 2016 | $218,763 | $33,907 | $184,855 | T12 7/31/2017 | 100.0% | $247,323 | $71,911 | $175,412 | 13.3% | $28,192 | $147,220 | 11.9% | ||||
23 | Loan | Meadows at June Road | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $532,913 | $97,119 | $435,794 | 2/2017-8/2017 Annualized | 4.2% | 95.0% | $1,196,321 | $338,481 | $857,840 | 8.2% | $19,750 | $838,090 | 8.0% | |
24 | Loan | Lakefront I & II | $2,607,098 | $1,032,477 | $1,574,621 | 2015 | 15.1% | $2,764,458 | $985,241 | $1,779,217 | 2016 | 17.1% | $2,807,216 | $1,017,579 | $1,789,637 | T12 5/31/2017 | 17.2% | 88.7% | $2,866,557 | $1,055,918 | $1,810,639 | 17.4% | $202,405 | $1,608,234 | 15.4% | |
25 | Loan | Spurlock Apartments | $1,396,123 | $610,045 | $786,078 | 2015 | 9.8% | $1,445,148 | $611,062 | $834,085 | 2016 | 10.4% | $1,451,944 | $654,265 | $797,679 | T12 8/31/2017 | 10.0% | 95.0% | $1,483,309 | $627,921 | $855,389 | 10.7% | $39,555 | $815,834 | 10.2% | |
26 | Loan | SeaMist RV Park | $1,093,465 | $304,955 | $788,510 | 2015 | 11.3% | $1,094,527 | $284,285 | $810,242 | 2016 | 11.6% | $1,162,129 | $323,264 | $838,865 | T12 8/31/2017 | 12.0% | 85.4% | $1,162,129 | $329,060 | $833,069 | 11.9% | $12,200 | $820,869 | 11.7% | |
27 | Loan | Southern Woods | $942,850 | $458,494 | $484,357 | 2015 | 7.2% | $1,065,517 | $536,005 | $529,511 | 2016 | 7.9% | $1,097,248 | $551,738 | $545,509 | T12 9/30/2017 | 8.1% | 92.5% | $1,097,248 | $503,281 | $593,966 | 8.9% | $26,000 | $567,966 | 8.5% | |
28 | Loan | 332 East 6th Street | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $136,948 | $54,218 | $82,731 | T12 8/31/2017 | 1.3% | 90.1% | $580,604 | $132,282 | $448,322 | 7.1% | $3,000 | $445,322 | 7.1% | |
29 | Loan | Springtree Apartments | N/A | N/A | N/A | N/A | N/A | $1,168,654 | $694,676 | $473,978 | 2016 | 9.5% | $1,205,624 | $710,191 | $495,433 | T12 9/30/2017 | 9.9% | 95.0% | $1,251,602 | $724,103 | $527,499 | 10.5% | $46,056 | $481,443 | 9.6% | |
30 | Loan | 1442 Pennsylvania Avenue Southeast | $34,933 | $22,424 | $12,510 | 2015 | 0.3% | $159,719 | $104,990 | $54,729 | 2016 | 1.3% | $170,466 | $104,285 | $66,181 | T12 8/31/2017 | 1.5% | 95.0% | $531,701 | $156,676 | $375,025 | 8.7% | $10,125 | $364,900 | 8.5% | |
31 | Loan | Outback Steakhouse El Paso | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 95.0% | $180,940 | $16,138 | $164,802 | 9.4% | $2,295 | $162,506 | 9.3% |
APPENDIX I - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS | |||||||||||||||||||||||||||
LARGEST TENANT INFORMATION(18)(19)(20) | 2ND LARGEST TENANT INFORMATION(18)(19)(20) | 3RD LARGEST TENANT INFORMATION(18)(19)(20) | 4TH LARGEST TENANT INFORMATION(18)(19)(20) | 5TH LARGEST TENANT INFORMATION(18)(19)(20) | |||||||||||||||||||||||
Loan ID | Footnotes | Property Flag | Deal Name | Largest Tenant | Largest Tenant Lease Expiration | Largest Tenant NSF | Largest Tenant % of NSF | 2nd Largest Tenant | 2nd Largest Tenant Lease Expiration | 2nd Largest Tenant NSF | 2nd Largest Tenant % of NSF | 3rd Largest Tenant | 3rd Largest Tenant Lease Expiration | 3rd Largest Tenant NSF | 3rd Largest Tenant % of NSF | 4th Largest Tenant | 4th Largest Tenant Lease Expiration | 4th Largest Tenant NSF | 4th Largest Tenant % of NSF | 5th Largest Tenant | 5th Largest Tenant Lease Expiration | 5th Largest Tenant NSF | 5th Largest Tenant % of NSF | ||||
1 | Loan | Park Center Phase I | State Farm | 6/30/2037 | 569,778 | 96.4% | Del Frisco’s | 5/31/2028 | 10,090 | 1.7% | Compass Food Court | 12/31/2022 | 4,895 | 0.8% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
2 | Loan | GNL Portfolio | |||||||||||||||||||||||||
2.01 | Property | Sandoz, Inc. | Sandoz, Inc. | 7/31/2026 | 154,101 | 100.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
2.02 | Property | Intervet Inc. | Intervet, Inc. | 8/31/2025 | 146,366 | 100.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
2.03 | Property | GE Aviation Systems, LLC | GE Aviation Systems LLC | 12/31/2025 | 369,000 | 100.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
2.04 | Property | FedEx Ground Package System, Inc. (NY) | FedEx Ground Package System, Inc. | 7/31/2024 | 158,520 | 100.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
2.05 | Property | Nissan North America Inc. | Nissan North America, Inc. | 9/30/2028 | 462,155 | 100.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
2.06 | Property | Constellium Automotive USA, LLC | Constellium Automotive USA, LLC | 11/30/2029 | 320,680 | 100.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
2.07 | Property | C&J Energy Services, Inc. II | C&J Energy Services, Inc. | 10/31/2023 | 125,000 | 100.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
2.08 | Property | Lippert Components Manufacturing, Inc. | Lippert Components Manufacturing. Inc. | 8/31/2026 | 539,137 | 100.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
2.09 | Property | FedEx Ground Package System, Inc. (WV) | FedEx Ground Package System, Inc. | 10/31/2026 | 103,512 | 100.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
2.10 | Property | C&J Energy Services, Inc. I | C&J Energy Services, Inc. | 10/31/2023 | 96,149 | 100.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
2.11 | Property | U.S. General Services Administration | U.S. General Services Administration | 7/18/2025 | 33,000 | 100.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
2.12 | Property | PNC Bank N.A. | PNC Bank, National Association | 7/31/2029 | 113,053 | 100.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
3 | Loan | Yorkshire & Lexington Towers | |||||||||||||||||||||||||
3.01 | Property | Yorkshire Tower | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
3.02 | Property | Lexington Tower | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
4 | Loan | Westin Times Square Fee | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
5 | Loan | One California Plaza | Skadden LLP | 11/30/2021 | 144,736 | 13.8% | AECOM | 2/29/2032 | 123,779 | 11.8% | Morgan Lewis Bockius LLP | 12/31/2021 | 92,407 | 8.8% | Bank of the West | 8/31/2020 | 89,568 | 8.6% | Dentons LLP | 9/30/2022 | 62,690 | 6.0% | |||||
6 | Loan | Lehigh Valley Mall | Bob’s Discount Furniture | 3/31/2028 | 30,204 | 5.5% | Barnes & Noble | 1/31/2023 | 29,874 | 5.5% | Modell’s Sporting Goods | 1/31/2022 | 13,882 | 2.5% | Pottery Barn | 1/31/2020 | 13,011 | 2.4% | New York & Company | 3/31/2018 | 11,306 | 2.1% | |||||
7 | (27) | Loan | The Standard Highline NYC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
8 | Loan | Centre 425 Bellevue | Amazon Corporate | 9/30/2033 | 354,918 | 99.4% | Starbucks | 6/30/2027 | 1,991 | 0.6% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
9 | Loan | 379 West Broadway | WW 379 W Broadway LLC | 3/31/2024 | 56,159 | 80.9% | Celine, Inc. | 6/30/2024 | 6,902 | 9.9% | Ralph Lauren Retail, Inc. | 1/31/2027 | 6,331 | 9.1% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
10 | (27) | Loan | 600 Vine | FirstGroup America | 3/17/2024 | 102,435 | 17.7% | Ulmer & Berne, LLP | 2/28/2022 | 33,264 | 5.7% | Cole + Russell Architects | 4/30/2019 | 29,577 | 5.1% | Rendigs, Fry, Kiely & Dennis | 7/31/2027 | 25,897 | 4.5% | Bartlett & Co. | 4/30/2019 | 21,113 | 3.6% | ||||
11 | Loan | 300 Montgomery | Ripple Labs, Inc. | 8/31/2019 | 14,749 | 7.7% | Consulate General of Brazil | 5/31/2022 | 13,000 | 6.8% | ELS Educational Services, Inc. | 6/30/2024 | 12,303 | 6.4% | Delagnes, Mitchell & Linder | 8/31/2025 | 10,753 | 5.6% | Walgreens Co. | 12/31/2021 | 9,441 | 4.9% | |||||
12 | Loan | Garden Multifamily Portfolio | |||||||||||||||||||||||||
12.01 | Property | Carleton | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
12.02 | Property | River Glen | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
12.03 | Property | Tabor Ridge | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
12.04 | Property | Ridgewood | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
12.05 | Property | Foxhaven | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
12.06 | Property | Hayfield | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
12.07 | Property | Laurel | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
12.08 | Property | Wood Trail | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
12.09 | Property | Camellia | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
12.10 | Property | Ashgrove | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
12.11 | Property | Slate Run | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
12.12 | Property | Forsythia | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
12.13 | Property | Beckford | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
12.14 | Property | Meadowood | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
12.15 | Property | Elmwood | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
13 | (27) | Loan | 333 North Bedford | Grand Prix New York Racing, LLC | 12/31/2024 | 117,942 | 19.3% | Safe Havens Partners, LLC | 5/31/2022 | 90,031 | 14.7% | Safe Haven Auto Storage, LLC | 6/30/2020 | 60,000 | 9.8% | Photo File, Inc. | 3/31/2020 | 42,881 | 7.0% | Saw Mill Club East | 12/31/2020 | 42,693 | 7.0% | ||||
14 | Loan | Miracle Mile | Fitness International LLC | 2/29/2024 | 45,000 | 15.1% | Marshalls | 1/31/2022 | 31,753 | 10.6% | OfficeMax | 1/31/2022 | 21,832 | 7.3% | PNC Bank | 1/31/2024 | 20,126 | 6.7% | DSW Shoe Warehouse | 6/1/2021 | 20,000 | 6.7% | |||||
15 | (27) | Loan | Totowa Commerce Center | ||||||||||||||||||||||||
15.01 | Property | 80-100 Commerce Way | IDEXX Reference Labs | 4/30/2025 | 13,681 | 28.9% | Sweet Peas Learning Center LLC | 1/31/2021 | 8,984 | 19.0% | Research America Inc. | 6/30/2018 | 8,327 | 17.6% | Golden Edibles, LLC | 11/30/2021 | 8,327 | 17.6% | CCH Incorporated | 12/31/2020 | 7,975 | 16.9% | |||||
15.02 | Property | 40 Commerce Way | Thales Defense & Security | 10/31/2018 | 18,276 | 36.0% | Patterson Dental Supply | 11/30/2021 | 14,649 | 28.8% | Biologictx LLC | 11/30/2023 | 14,398 | 28.3% | Viskal Printing LLC | 2/29/2020 | 3,499 | 6.9% | NAP | NAP | NAP | NAP | |||||
15.03 | Property | 29 Commerce Way | Cervalis Holdings LLC | 2/28/2020 | 28,130 | 55.2% | Westrock Converting Co. | 5/31/2022 | 12,868 | 25.2% | Docutrend Inc. | 6/30/2020 | 9,971 | 19.6% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
15.04 | Property | One Center Court | Universal Hospital Services | 6/30/2021 | 21,245 | 54.1% | Westrock Converting Co. | 2/29/2020 | 18,000 | 45.9% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
15.05 | Property | 11 Commerce Way | Coram Alternate Site Services | 6/30/2019 | 26,125 | 55.3% | Pratt Corrugated Holdings Inc | 12/31/2019 | 10,450 | 22.1% | Viper Communications | 2/28/2019 | 5,407 | 11.5% | Critical Point LLC | 3/31/2021 | 5,225 | 11.1% | NAP | NAP | NAP | NAP | |||||
15.06 | Property | 45 Commerce Way | Canare Corp. of America | 9/30/2021 | 16,331 | 31.5% | Terrasense | 6/30/2020 | 13,860 | 26.7% | Dish Network Service LLC | 9/30/2018 | 11,000 | 21.2% | Worldwide Corp. Housing | 2/28/2018 | 8,158 | 15.7% | The Art of Natural Solutions | 2/29/2020 | 2,500 | 4.8% | |||||
15.07 | Property | 999 Riverview Drive | RGN-Totowa I LLC | 9/30/2024 | 13,503 | 23.2% | Pratt Corrugated Holdings | 12/31/2019 | 8,079 | 13.9% | Integrated Business Systems | 10/31/2024 | 6,856 | 11.8% | Mid Atlantic Resource Group | 11/30/2022 | 4,358 | 7.5% | Morris Merker & Co, LLC | 11/30/2022 | 3,982 | 6.8% | |||||
15.08 | Property | Two Center Court | Jack Henry & Associates | 9/30/2019 | 20,278 | 66.3% | Electro Rent Corp. | 1/31/2020 | 10,322 | 33.7% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
15.09 | Property | 120-140 Commerce Way | My Day Home, LLC | 12/31/2018 | 9,024 | 25.2% | Advanced Surveillance I | 2/28/2022 | 4,979 | 13.9% | Alpha Testing Lab | MTM | 2,727 | 7.6% | Forefront Communications | 8/31/2018 | 2,727 | 7.6% | CIOX Health LLC | 12/31/2019 | 2,727 | 7.6% | |||||
15.10 | Property | 60 Commerce Way | IBA Molecular N.A. | 5/31/2022 | 8,534 | 16.8% | Gordon Desserts Inc | 11/30/2027 | 7,600 | 14.9% | Maker Depot | 3/31/2020 | 6,077 | 11.9% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
15.11 | Property | 20 Commerce Way | ADT LLC | 8/31/2020 | 20,780 | 46.3% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
16 | Loan | Rockside Office Portfolio | |||||||||||||||||||||||||
16.01 | Property | Freedom Square II | Hylant Group | 6/30/2023 | 24,714 | 21.5% | Accurate Group Holdings | 5/31/2021 | 22,613 | 19.6% | Wells Fargo Bank | 2/28/2019 | 12,593 | 10.9% | Xerox Corporation | 6/30/2018 | 12,225 | 10.6% | Jonathan Rose Companies | 11/30/2027 | 11,894 | 10.3% | |||||
16.02 | Property | Freedom Square III | Sterling | 11/15/2027 | 37,776 | 52.7% | Hurricane Labs | 2/28/2022 | 10,701 | 14.9% | Area Temps, Inc. | 5/31/2024 | 6,256 | 8.7% | Champion Personnel System | 3/14/2022 | 5,376 | 7.5% | Freedom Mortgage Corp | 4/30/2018 | 4,058 | 5.7% | |||||
16.03 | Property | Rock Run North | Sedwick Claims Management | 4/14/2023 | 56,406 | 89.1% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
16.04 | Property | Rock Run Center | Acumen Solutions | 2/28/2025 | 24,958 | 39.4% | Sedgwick Claims Management | 8/31/2018 | 13,085 | 20.7% | Ohio KePro | 7/31/2019 | 12,625 | 19.9% | Scott A Williams & Associates, L.P.A. | 9/30/2020 | 3,742 | 5.9% | Paladina Health LLC | 4/7/2023 | 1,918 | 3.0% | |||||
16.05 | Property | Freedom Square I | Independence Bank | 5/31/2021 | 8,687 | 21.1% | Liberty Home Mortgage | 2/16/2022 | 6,077 | 14.7% | Kindred | 8/31/2022 | 3,604 | 8.7% | Integrity Financial Services | 4/30/2023 | 2,774 | 6.7% | Hantz Group | 9/30/2018 | 2,771 | 6.7% | |||||
17 | Loan | The Boulders Resort & Spa | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
18 | Loan | 701 East 22nd Street | Dental Network of America | 9/30/2027 | 79,572 | 45.7% | Envoy LLC | 8/31/2024 | 40,658 | 23.4% | Draper and Kramer Mortgage Corp | 3/31/2024 | 17,819 | 10.2% | Fiserv Solutions, Inc. | 3/31/2019 | 16,086 | 9.2% | School Specialty, Inc | 8/31/2020 | 4,235 | 2.4% | |||||
19 | Loan | 237 East Fordham Road | Dr. Jays | 6/30/2027 | 10,500 | 43.8% | Footlocker | 8/31/2032 | 10,000 | 41.7% | Chase | 6/30/2022 | 3,500 | 14.6% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
20 | Loan | Wild Meadows | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
21 | Loan | Mt. Washington Mill | Whole Foods Market | 4/30/2021 | 24,500 | 33.4% | Dye House & Stone Mill Catering | NAP | 6,150 | 8.4% | Himmelrich Associates, Inc. | 8/31/2029 | 4,000 | 5.5% | PNC Bank | 1/31/2022 | 3,150 | 4.3% | Dogma For Pets | 11/30/2019 | 2,820 | 3.8% | |||||
22 | Loan | Goldstar Industrial Portfolio | |||||||||||||||||||||||||
22.01 | Property | 1361 Brass Mill Road | Hartford Systems, Inc. | 12/31/2020 | 21,600 | 40.0% | Avon Protection System, Inc. | 5/31/2019 | 16,200 | 30.0% | Active Day MD, Inc. | 3/31/2020 | 10,800 | 20.0% | MedMark Treatment Centers | 10/31/2022 | 5,400 | 10.0% | NAP | NAP | NAP | NAP | |||||
22.02 | Property | Harwood Business Center | TS Automotive | 11/30/2021 | 6,600 | 14.0% | Foreign Auto Experts, Inc. | 3/31/2022 | 6,220 | 13.2% | Metro Motor Works | 10/31/2018 | 3,000 | 6.4% | Image Automotive | 1/31/2019 | 3,000 | 6.4% | Oasis, Inc. | 3/31/2021 | 3,000 | 6.4% | |||||
22.03 | Property | 201 Gateway Drive | Mid Atlantic Team Sports, Inc. | 7/31/2018 | 4,000 | 19.6% | Beauty Systems Group, LLC | 8/31/2020 | 3,150 | 15.4% | ALKO Distributors, Inc. | 7/31/2018 | 3,150 | 15.4% | D.F. Peterson Enterprises, Inc | 7/31/2019 | 2,000 | 9.8% | Superior Foods | 5/31/2020 | 2,000 | 9.8% | |||||
22.04 | Property | 2113 Columbia Park Road | Gennady Soykher | 5/31/2018 | 9,000 | 30.0% | Amy & Patrick Ferrigno | 4/30/2021 | 6,000 | 20.0% | Levero Enterprises | 9/30/2021 | 3,000 | 10.0% | A Crystal Vending | 6/30/2018 | 3,000 | 10.0% | Albert Stoltz, Jr. | 1/31/2019 | 3,000 | 10.0% | |||||
22.05 | Property | 2111 Emmorton Park Road | Advanced Granite Solutions | 6/30/2022 | 18,000 | 60.0% | Cignatta Inc. | 3/31/2024 | 6,000 | 20.0% | Commercial Support Services | 4/30/2024 | 6,000 | 20.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
22.06 | Property | 5495 Levering Avenue | David H. Elliot Company, Inc. | 12/31/2025 | 36,000 | 100.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
23 | Loan | Meadows at June Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
24 | Loan | Lakefront I & II | Advanced Care Scripts, Inc. | 12/31/2023 | 61,281 | 31.8% | Florida Agency for Workforce Innovation | 1/31/2021 | 46,886 | 24.3% | HCA-Information Technology & Services, Inc. | 4/30/2018 | 19,078 | 9.9% | Inktel Contact Center Solutions, LLC | 12/31/2020 | 15,611 | 8.1% | Regions Bank | 8/31/2021 | 10,997 | 5.7% | |||||
25 | Loan | Spurlock Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
26 | Loan | SeaMist RV Park | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
27 | Loan | Southern Woods | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
28 | Loan | 332 East 6th Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
29 | Loan | Springtree Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
30 | Loan | 1442 Pennsylvania Avenue Southeast | United States of America - GS00166 | 9/11/2027 | 6,685 | 60.2% | McCormick Paint Works Co. | 9/30/2020 | 2,870 | 25.9% | New York Pizza & Grill Kabob | 7/31/2027 | 1,541 | 13.9% | Verizon Wireless | 6/30/2021 | 1 | 0.0% | NAP | NAP | NAP | NAP | |||||
31 | Loan | Outback Steakhouse El Paso | Outback Steakhouse | 2/28/2037 | 6,204 | 100.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
APPENDIX I - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS | ||||||||
MORTGAGE LOAN RESERVE INFORMATION(21)(23) | ||||||||
Loan ID | Footnotes | Property Flag | Deal Name | Upfront Replacement Reserves (22) | Monthly Replacement Reserves | Replacement Reserve Cap | Upfront TI/LC Reserves (22) | Monthly TI/LC Reserves |
1 | Loan | Park Center Phase I | $0 | Springing | NAP | $3,090,000 | Springing | |
2 | Loan | GNL Portfolio | $0 | Springing | NAP | $0 | Springing | |
2.01 | Property | Sandoz, Inc. | ||||||
2.02 | Property | Intervet Inc. | ||||||
2.03 | Property | GE Aviation Systems, LLC | ||||||
2.04 | Property | FedEx Ground Package System, Inc. (NY) | ||||||
2.05 | Property | Nissan North America Inc. | ||||||
2.06 | Property | Constellium Automotive USA, LLC | ||||||
2.07 | Property | C&J Energy Services, Inc. II | ||||||
2.08 | Property | Lippert Components Manufacturing, Inc. | ||||||
2.09 | Property | FedEx Ground Package System, Inc. (WV) | ||||||
2.10 | Property | C&J Energy Services, Inc. I | ||||||
2.11 | Property | U.S. General Services Administration | ||||||
2.12 | Property | PNC Bank N.A. | ||||||
3 | Loan | Yorkshire & Lexington Towers | $0 | Monthly: $0.15 PSF of retail and garage space except the CVS Space as long as the CVS Deposit Waiver Conditions are met; $250 per each free market residential apartment unit | Residential: An amount, reasonably calculated by Lender in good faith on a quarterly basis, equal to the product of (x) $750 and (y) the number of free market residential apartment units located at the Properties at the time of calculation | $0 | Monthly: $1.00 PSF of retail, except with regard to the CVS Space so long as the CVS Deposit Waiver Conditions are met. | |
3.01 | Property | Yorkshire Tower | ||||||
3.02 | Property | Lexington Tower | ||||||
4 | Loan | Westin Times Square Fee | $0 | Springing | NAP | $0 | $0 | |
5 | Loan | One California Plaza | $0 | Springing | $628,237 | $0 | Springing | |
6 | Loan | Lehigh Valley Mall | $0 | Springing | $327,140 | $0 | $81,785 | |
7 | (27) | Loan | The Standard Highline NYC | $0 | Springing | NAP | $0 | $0 |
8 | Loan | Centre 425 Bellevue | $0 | Springing | NAP | $1,871,090 | $0 | |
9 | Loan | 379 West Broadway | $0 | Springing | NAP | $0 | Springing | |
10 | (27) | Loan | 600 Vine | $0 | $11,578 | NAP | $4,500,000 | Springing |
11 | Loan | 300 Montgomery | $0 | Springing | NAP | $1,420,026 | Springing | |
12 | Loan | Garden Multifamily Portfolio | $0 | $29,800 | NAP | $0 | $0 | |
12.01 | Property | Carleton | ||||||
12.02 | Property | River Glen | ||||||
12.03 | Property | Tabor Ridge | ||||||
12.04 | Property | Ridgewood | ||||||
12.05 | Property | Foxhaven | ||||||
12.06 | Property | Hayfield | ||||||
12.07 | Property | Laurel | ||||||
12.08 | Property | Wood Trail | ||||||
12.09 | Property | Camellia | ||||||
12.10 | Property | Ashgrove | ||||||
12.11 | Property | Slate Run | ||||||
12.12 | Property | Forsythia | ||||||
12.13 | Property | Beckford | ||||||
12.14 | Property | Meadowood | ||||||
12.15 | Property | Elmwood | ||||||
13 | (27) | Loan | 333 North Bedford | $0 | $5,100 | NAP | $1,500,000 | Springing |
14 | Loan | Miracle Mile | $0 | $4,978 | $179,216 | $0 | $24,891 | |
15 | (27) | Loan | Totowa Commerce Center | $0 | $7,061 | Maximum aggregate balance in the TI/LC and Capex reserve will be $500,000 | $0 | $21,157 |
15.01 | Property | 80-100 Commerce Way | ||||||
15.02 | Property | 40 Commerce Way | ||||||
15.03 | Property | 29 Commerce Way | ||||||
15.04 | Property | One Center Court | ||||||
15.05 | Property | 11 Commerce Way | ||||||
15.06 | Property | 45 Commerce Way | ||||||
15.07 | Property | 999 Riverview Drive | ||||||
15.08 | Property | Two Center Court | ||||||
15.09 | Property | 120-140 Commerce Way | ||||||
15.10 | Property | 60 Commerce Way | ||||||
15.11 | Property | 20 Commerce Way | ||||||
16 | Loan | Rockside Office Portfolio | $0 | $5,912 | $200,000 | $0 | Springing | |
16.01 | Property | Freedom Square II | ||||||
16.02 | Property | Freedom Square III | ||||||
16.03 | Property | Rock Run North | ||||||
16.04 | Property | Rock Run Center | ||||||
16.05 | Property | Freedom Square I | ||||||
17 | Loan | The Boulders Resort & Spa | $136,080 | greater of (i) 1/12 of 4% of gross income from operation from T12 period and (ii) the amount to be reserved pursuant to the terms of the franchise agreement | NAP | $0 | $0 | |
18 | Loan | 701 East 22nd Street | $0 | $2,902 | NAP | $450,000 | Springing | |
19 | Loan | 237 East Fordham Road | $0 | $400 | $24,000 | $39,943 | Springing | |
20 | Loan | Wild Meadows | $0 | $929 | NAP | $0 | $0 | |
21 | Loan | Mt. Washington Mill | $0 | $1,223 | NAP | $0 | $5,199 | |
22 | Loan | Goldstar Industrial Portfolio | $5,075 | $5,075 | $182,700 | $0 | $9,063 | |
22.01 | Property | 1361 Brass Mill Road | ||||||
22.02 | Property | Harwood Business Center | ||||||
22.03 | Property | 201 Gateway Drive | ||||||
22.04 | Property | 2113 Columbia Park Road | ||||||
22.05 | Property | 2111 Emmorton Park Road | ||||||
22.06 | Property | 5495 Levering Avenue | ||||||
23 | Loan | Meadows at June Road | $0 | $1,646 | NAP | $0 | $0 | |
24 | Loan | Lakefront I & II | $4,659 | $4,659 | $100,000 | $12,048 | $12,048 | |
25 | Loan | Spurlock Apartments | $0 | $3,296 | NAP | $0 | $0 | |
26 | Loan | SeaMist RV Park | $0 | $1,017 | NAP | $0 | $0 | |
27 | Loan | Southern Woods | $450,000 | Springing | $100,000 | $0 | $0 | |
28 | Loan | 332 East 6th Street | $0 | $250 | $9,000 | $0 | $0 | |
29 | Loan | Springtree Apartments | $0 | $3,838 | NAP | $0 | $0 | |
30 | Loan | 1442 Pennsylvania Avenue Southeast | $0 | $141 | NAP | $0 | $703 | |
31 | Loan | Outback Steakhouse El Paso | $0 | $2,295 | $4,591 | $0 | $0 |
APPENDIX I - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS | |||||||||||||||
MORTGAGE LOAN RESERVE INFORMATION(21)(23) | |||||||||||||||
Loan ID | Footnotes | Property Flag | Deal Name | TI/LC Reserve Cap | Upfront Tax Reserves (22) | Monthly Tax Reserves | Upfront Insurance Reserves (22) | Monthly Insurance Reserves | Upfront Deferred Maint. Reserve (22) | Upfront Debt Service Reserves(22) | Monthly Debt Service Reserves | Upfront Environmental Reserves(22) | Initial Other Reserves(22) | Initial Other Reserves Description | Ongoing Other Reserves |
1 | Loan | Park Center Phase I | NAP | $0 | Springing | $0 | Springing | $0 | $0 | $0 | $0 | $0 | NAP | $0 | |
2 | Loan | GNL Portfolio | NAP | $0 | Springing | $0 | Springing | $0 | $0 | $0 | $0 | $0 | NAP | $0 | |
2.01 | Property | Sandoz, Inc. | |||||||||||||
2.02 | Property | Intervet Inc. | |||||||||||||
2.03 | Property | GE Aviation Systems, LLC | |||||||||||||
2.04 | Property | FedEx Ground Package System, Inc. (NY) | |||||||||||||
2.05 | Property | Nissan North America Inc. | |||||||||||||
2.06 | Property | Constellium Automotive USA, LLC | |||||||||||||
2.07 | Property | C&J Energy Services, Inc. II | |||||||||||||
2.08 | Property | Lippert Components Manufacturing, Inc. | |||||||||||||
2.09 | Property | FedEx Ground Package System, Inc. (WV) | |||||||||||||
2.10 | Property | C&J Energy Services, Inc. I | |||||||||||||
2.11 | Property | U.S. General Services Administration | |||||||||||||
2.12 | Property | PNC Bank N.A. | |||||||||||||
3 | Loan | Yorkshire & Lexington Towers | NAP | $2,724,408 | $681,102 | $89,787 | $29,929 | $0 | $2,000,000 | $0 | $0 | $3,500,000 | Renovation/Tenant Buyout Reserve | Springing | |
3.01 | Property | Yorkshire Tower | |||||||||||||
3.02 | Property | Lexington Tower | |||||||||||||
4 | Loan | Westin Times Square Fee | NAP | $0 | Springing | $0 | Springing | $0 | $0 | $0 | $0 | $0 | NAP | $0 | |
5 | Loan | One California Plaza | $3,141,186 | $0 | Springing | $0 | Springing | $0 | $0 | $0 | $0 | $3,219,209 | Unfunded Obligations Reserve | $0 | |
6 | Loan | Lehigh Valley Mall | $2,994,258 | $0 | Springing | $0 | Springing | $0 | $0 | $0 | $0 | $651,553 | Outstanding TI/LC Reserve ($443,000); Tenant Rent Holdback Reserve ($208,533) | $0 | |
7 | (27) | Loan | The Standard Highline NYC | NAP | $3,361,606 | Springing | $206,890 | Springing | $4,350 | $0 | $0 | $0 | $3,061,411 | Façade Remediation Reserve ($2,080,425); Seasonal Reserve ($980,986) | Seasonality Reserve: (Springing); Engineering Reserve: (Springing); Façade Remediation Reserve: (Springing) |
8 | Loan | Centre 425 Bellevue | NAP | $149,734 | $149,734 | $102,289 | $17,204 | $0 | $0 | $0 | $0 | $15,923,817 | Free Rent ($10,923,817); Seller Credit ($5,000,000) | Condominium Assessments; Primary Tenant Reserve (Springing) | |
9 | Loan | 379 West Broadway | NAP | $0 | Springing | $0 | Springing | $0 | $0 | $0 | $0 | $316,156 | Open Violations Reserve ($300,000); Unfunded Obligations Reserve ($16,156) | $0 | |
10 | (27) | Loan | 600 Vine | $3,000,000 | $456,181 | $152,060 | $23,308 | $5,827 | $1,802,722 | $0 | $0 | $0 | $361,937 | Initial TI/LC Reserve ($324,855); Free Rent Reserve ($37,082) | Springing |
11 | Loan | 300 Montgomery | NAP | $76,794 | Springing | $59,011 | Springing | $0 | $0 | $0 | $0 | $0 | NAP | $0 | |
12 | Loan | Garden Multifamily Portfolio | NAP | $263,448 | $75,271 | $210,417 | $21,042 | $987,776 | $0 | $0 | $78,375 | $0 | NAP | $0 | |
12.01 | Property | Carleton | |||||||||||||
12.02 | Property | River Glen | |||||||||||||
12.03 | Property | Tabor Ridge | |||||||||||||
12.04 | Property | Ridgewood | |||||||||||||
12.05 | Property | Foxhaven | |||||||||||||
12.06 | Property | Hayfield | |||||||||||||
12.07 | Property | Laurel | |||||||||||||
12.08 | Property | Wood Trail | |||||||||||||
12.09 | Property | Camellia | |||||||||||||
12.10 | Property | Ashgrove | |||||||||||||
12.11 | Property | Slate Run | |||||||||||||
12.12 | Property | Forsythia | |||||||||||||
12.13 | Property | Beckford | |||||||||||||
12.14 | Property | Meadowood | |||||||||||||
12.15 | Property | Elmwood | |||||||||||||
13 | (27) | Loan | 333 North Bedford | $1,500,000 | $15,703 | $120,633 | $127,612 | $10,634 | $860,966 | $0 | $0 | $0 | $0 | NAP | Springing |
14 | Loan | Miracle Mile | $896,082 | $219,223 | $109,612 | $34,928 | $4,990 | $30,250 | $0 | $0 | $0 | $0 | NAP | Springing | |
15 | (27) | Loan | Totowa Commerce Center | Maximum aggregate balance in the TI/LC and Capex reserve will be $500,000 | $0 | $117,676 | $13,553 | $13,553 | $15,438 | $0 | $0 | $0 | $785,900 | Outstanding TI/LC Reserve ($702,638); Free Rent Reserve ($83,262) | Springing |
15.01 | Property | 80-100 Commerce Way | |||||||||||||
15.02 | Property | 40 Commerce Way | |||||||||||||
15.03 | Property | 29 Commerce Way | |||||||||||||
15.04 | Property | One Center Court | |||||||||||||
15.05 | Property | 11 Commerce Way | |||||||||||||
15.06 | Property | 45 Commerce Way | |||||||||||||
15.07 | Property | 999 Riverview Drive | |||||||||||||
15.08 | Property | Two Center Court | |||||||||||||
15.09 | Property | 120-140 Commerce Way | |||||||||||||
15.10 | Property | 60 Commerce Way | |||||||||||||
15.11 | Property | 20 Commerce Way | |||||||||||||
16 | Loan | Rockside Office Portfolio | NAP | $0 | Springing | $0 | Springing | $0 | $0 | $0 | $0 | $0 | NAP | $0 | |
16.01 | Property | Freedom Square II | |||||||||||||
16.02 | Property | Freedom Square III | |||||||||||||
16.03 | Property | Rock Run North | |||||||||||||
16.04 | Property | Rock Run Center | |||||||||||||
16.05 | Property | Freedom Square I | |||||||||||||
17 | Loan | The Boulders Resort & Spa | NAP | $73,769 | $59,673 | $167,878 | $18,780 | $0 | $0 | $0 | $0 | $300,000 | Seasonality Reserve | Springing | |
18 | Loan | 701 East 22nd Street | $450,000 | $71,539 | $35,769 | $0 | Springing | $132,240 | $0 | $0 | $0 | $1,819,353 | Short Term Repairs ($216,000); Outstanding Free Rent ($550,339); Outstanding TI/LC ($1,053,014) | Springing | |
19 | Loan | 237 East Fordham Road | NAP | $0 | $53,265 | $32,898 | $3,290 | $24,438 | $0 | $0 | $0 | $912,190 | Footlocker Concession Reserve ($200,000); Free Rent Reserve ($712,190) | Springing | |
20 | Loan | Wild Meadows | NAP | $9,412 | $3,137 | $23,104 | $1,913 | $0 | $0 | $0 | $0 | $0 | NAP | $0 | |
21 | Loan | Mt. Washington Mill | $245,000 | $45,724 | $15,241 | $42,155 | $6,022 | $41,844 | $0 | $0 | $0 | $100,000 | Additional Executive Suites Buildout Reserve | Springing | |
22 | Loan | Goldstar Industrial Portfolio | $326,250 | $36,582 | $18,291 | $19,925 | $3,321 | $80,606 | $0 | $0 | $0 | $0 | NAP | $0 | |
22.01 | Property | 1361 Brass Mill Road | |||||||||||||
22.02 | Property | Harwood Business Center | |||||||||||||
22.03 | Property | 201 Gateway Drive | |||||||||||||
22.04 | Property | 2113 Columbia Park Road | |||||||||||||
22.05 | Property | 2111 Emmorton Park Road | |||||||||||||
22.06 | Property | 5495 Levering Avenue | |||||||||||||
23 | Loan | Meadows at June Road | NAP | $25,984 | $8,661 | $7,768 | $777 | $0 | $0 | $0 | $0 | $15,000 | Phase II Parcel Tax Reserve | Springing | |
24 | Loan | Lakefront I & II | $450,000 | $183,555 | $20,395 | $34,042 | $4,255 | $6,875 | $0 | $0 | $0 | $1,017,810 | Construction Allowance Reserve ($612,810); Proposed Acquisition Reserve ($405,000) | Springing | |
25 | Loan | Spurlock Apartments | NAP | $0 | $10,234 | $17,583 | $3,517 | $27,063 | $0 | $0 | $0 | $0 | NAP | $0 | |
26 | Loan | SeaMist RV Park | NAP | $0 | $1,912 | $11,229 | $3,523 | $18,013 | $0 | $0 | $0 | $0 | NAP | $0 | |
27 | Loan | Southern Woods | NAP | $17,401 | $8,700 | $14,704 | $2,101 | $0 | $0 | $0 | $0 | $0 | NAP | $0 | |
28 | Loan | 332 East 6th Street | NAP | $29,929 | $5,986 | $5,896 | $983 | $0 | $0 | $0 | $0 | $0 | NAP | $0 | |
29 | Loan | Springtree Apartments | NAP | $103,000 | $10,300 | $31,697 | $3,962 | $8,313 | $0 | $0 | $0 | $0 | NAP | $0 | |
30 | Loan | 1442 Pennsylvania Avenue Southeast | NAP | $17,176 | $8,588 | $730 | Springing | $1,875 | $0 | $0 | $0 | $17,085 | Broker Payment Reserve | Springing | |
31 | Loan | Outback Steakhouse El Paso | NAP | $31,395 | Springing | $982 | $982 | $0 | $0 | $0 | $0 | $0 | NAP | Springing |
APPENDIX I - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS | ||||||||||
MORTGAGE LOAN RESERVE INFORMATION(21)(23) | ||||||||||
Loan ID | Footnotes | Property Flag | Deal Name | Ongoing Other Reserves Description | Other Reserves Cap | Holdback(24) | Holdback Amount(24) | Holdback Description(24) | Letter of Credit | Letter of Credit Description |
1 | Loan | Park Center Phase I | NAP | NAP | No | NAP | NAP | No | NAP | |
2 | Loan | GNL Portfolio | NAP | NAP | No | NAP | NAP | No | NAP | |
2.01 | Property | Sandoz, Inc. | ||||||||
2.02 | Property | Intervet Inc. | ||||||||
2.03 | Property | GE Aviation Systems, LLC | ||||||||
2.04 | Property | FedEx Ground Package System, Inc. (NY) | ||||||||
2.05 | Property | Nissan North America Inc. | ||||||||
2.06 | Property | Constellium Automotive USA, LLC | ||||||||
2.07 | Property | C&J Energy Services, Inc. II | ||||||||
2.08 | Property | Lippert Components Manufacturing, Inc. | ||||||||
2.09 | Property | FedEx Ground Package System, Inc. (WV) | ||||||||
2.10 | Property | C&J Energy Services, Inc. I | ||||||||
2.11 | Property | U.S. General Services Administration | ||||||||
2.12 | Property | PNC Bank N.A. | ||||||||
3 | Loan | Yorkshire & Lexington Towers | Renovation/Tenant Buyout Reserve: If the amount of funds on deposit in the Renovation/Tenant Buyout Reserve Account is reduced to less than $500,000.00, then Borrower shall deposit with Lender such additional amount as necessary to cause the amount of funds on deposit in the Renovation/Tenant Buyout Reserve Account to equal no less than $1,000,000. | NAP | Yes | $4,102,064 | Holdback Reserve | No | NAP | |
3.01 | Property | Yorkshire Tower | ||||||||
3.02 | Property | Lexington Tower | ||||||||
4 | Loan | Westin Times Square Fee | NAP | NAP | No | NAP | NAP | No | NAP | |
5 | Loan | One California Plaza | NAP | NAP | No | NAP | NAP | No | NAP | |
6 | Loan | Lehigh Valley Mall | NAP | NAP | No | NAP | NAP | No | NAP | |
7 | (27) | Loan | The Standard Highline NYC | Seasonal Reserve ($980,986 on December 5, 2017. On each payment occurring in each of the months of May through January inclusive, monthly 1/9th of the amount by which (i) the total amount of all debt service, reserves and all other amounts due and payable to lender under the loan documents on the payment dates in the prior February, March and April months, exceeded (ii) the total amount of the rents deposited for such payment dates in the prior February, March and April months, if DSCR is less than 1.70x on any April payment date; if DSCR is above 1.70x a one time December payment is required); Engineering Reserve (Monthly: $483 on payment date December 5, 2017, January 5, 2018, May 5, 2018; Monthly: $242 on payment date June 5, 2018, July 5, 2018, August 5, 2018, September 5, 2018, October 5, 2018, November 5, 2018); Façade Remediation Reserve (Monthly: $231,158 on payment date December 5, 2017, January 5, 2018, May 5, 2018; Monthly: $115,579 on payment date June 5, 2018, July 5, 2018, August 5, 2018, September 5, 2018, October 5, 2018, November 5, 2018; provided, however, if available cash on any payment date is insufficient to make the full monthly payment into the Façade Remediation Reserve , any shortfall will be added to the monthly amount to be collected on the subsequent payment date. Upon approval of the façade report by lender, lender shall adjust (up or down) the monthly payment deposit required above to reflect a new monthly deposit amount such that 110% of the budgeted amount set forth in the façade report will be deposited in the normal course by the December 2018 payment date) | NAP | No | NAP | NAP | No | NAP |
8 | Loan | Centre 425 Bellevue | Condominium Assessments (Monthly: 1/12th of the assessment that lender estimated will be payable during next 12 months in order to accumulate with lender sufficient funds to pay all such assessments prior to their respective due dates); Primary Tenant Reserve (Monthly: During the continuance of a Primary tenant Sweep Period all excess cash flow is required to be deposited in the account) | NAP | No | NAP | NAP | No | NAP | |
9 | Loan | 379 West Broadway | NAP | NAP | No | NAP | NAP | No | NAP | |
10 | (27) | Loan | 600 Vine | Primary Tenant Reserve: During A Primary Tenant Sweep Period all excess cash flow is required to be deposited. | NAP | No | NAP | NAP | No | NAP |
11 | Loan | 300 Montgomery | NAP | NAP | No | NAP | NAP | No | NAP | |
12 | Loan | Garden Multifamily Portfolio | NAP | NAP | No | NAP | NAP | No | NAP | |
12.01 | Property | Carleton | ||||||||
12.02 | Property | River Glen | ||||||||
12.03 | Property | Tabor Ridge | ||||||||
12.04 | Property | Ridgewood | ||||||||
12.05 | Property | Foxhaven | ||||||||
12.06 | Property | Hayfield | ||||||||
12.07 | Property | Laurel | ||||||||
12.08 | Property | Wood Trail | ||||||||
12.09 | Property | Camellia | ||||||||
12.10 | Property | Ashgrove | ||||||||
12.11 | Property | Slate Run | ||||||||
12.12 | Property | Forsythia | ||||||||
12.13 | Property | Beckford | ||||||||
12.14 | Property | Meadowood | ||||||||
12.15 | Property | Elmwood | ||||||||
13 | (27) | Loan | 333 North Bedford | Primary Tenant Reserve: During A Primary Tenant Sweep Period all excess cash flow is required to be deposited. | NAP | No | NAP | NAP | No | NAP |
14 | Loan | Miracle Mile | Lease Sweep Reserve: Monthly deposit of excess cash flow upon the occurrence and continuance of a cash sweep period that exists solely due to the continuance of a specified tenant sweep period. | $3,000,000 | No | NAP | NAP | No | NAP | |
15 | (27) | Loan | Totowa Commerce Center | Atlantic Inertial Reserve: During an Atlantic Inertial Sweep period all excess cash flow is required to be deposited. | NAP | No | NAP | NAP | No | NAP |
15.01 | Property | 80-100 Commerce Way | ||||||||
15.02 | Property | 40 Commerce Way | ||||||||
15.03 | Property | 29 Commerce Way | ||||||||
15.04 | Property | One Center Court | ||||||||
15.05 | Property | 11 Commerce Way | ||||||||
15.06 | Property | 45 Commerce Way | ||||||||
15.07 | Property | 999 Riverview Drive | ||||||||
15.08 | Property | Two Center Court | ||||||||
15.09 | Property | 120-140 Commerce Way | ||||||||
15.10 | Property | 60 Commerce Way | ||||||||
15.11 | Property | 20 Commerce Way | ||||||||
16 | Loan | Rockside Office Portfolio | NAP | NAP | No | NAP | NAP | No | NAP | |
16.01 | Property | Freedom Square II | ||||||||
16.02 | Property | Freedom Square III | ||||||||
16.03 | Property | Rock Run North | ||||||||
16.04 | Property | Rock Run Center | ||||||||
16.05 | Property | Freedom Square I | ||||||||
17 | Loan | The Boulders Resort & Spa | Seasonality Reserve: Commencing on the Payment Date occurring in February, 2018 and on each Payment Date thereafter which occurs during a Seasonality Trigger Period (the period commencing with the Payment Date occurring in February of each calendar year), all Excess Cash Flow, to be used for anticipated payments of shortfalls in Debt Service and other amounts due to Lender under the Loan Documents. | An amount equal to the product of (a) the sum of the absolute value of each monthly shortfall in Net Cash Flow, less Debt Service due for each such calendar month over the trailing twelve (12) month period, to be calculated by Lender in its reasonable discretion as of the end of each calendar year and (b) one hundred and five percent (105%). | No | NAP | NAP | No | NAP | |
18 | Loan | 701 East 22nd Street | Lease Sweep Reserve: Monthly deposit of excess cash flow upon the occurrence and continuance of a cash sweep period that exists solely due to the continuance of a specified tenant sweep period. | NAP | No | NAP | NAP | No | NAP | |
19 | Loan | 237 East Fordham Road | Primary Tenant Reserve: During A Primary Tenant Sweep Period all excess cash flow is required to be deposited. | NAP | No | NAP | NAP | No | NAP | |
20 | Loan | Wild Meadows | NAP | NAP | No | NAP | NAP | No | NAP | |
21 | Loan | Mt. Washington Mill | Lease Sweep Reserve: Monthly deposit of excess cash flow upon the occurrence and continuance of a cash sweep period that exists solely due to the continuance of a specified tenant sweep period.; Ground Rent Reserve: During any cash sweep period, Borrower is require to pay 1/4th of the total rents and other charges due under the ground lease that Lender estimates will be payable for the next 12 months. | NAP | No | NAP | NAP | No | NAP | |
22 | Loan | Goldstar Industrial Portfolio | NAP | NAP | No | NAP | NAP | No | NAP | |
22.01 | Property | 1361 Brass Mill Road | ||||||||
22.02 | Property | Harwood Business Center | ||||||||
22.03 | Property | 201 Gateway Drive | ||||||||
22.04 | Property | 2113 Columbia Park Road | ||||||||
22.05 | Property | 2111 Emmorton Park Road | ||||||||
22.06 | Property | 5495 Levering Avenue | ||||||||
23 | Loan | Meadows at June Road | Condominium Association Reserve: On each monthly payment date during a Condominium Account Deposit Period, 1/12th of an amount of the assessments payable is required to be deposited. | NAP | No | NAP | NAP | No | NAP | |
24 | Loan | Lakefront I & II | Lease Sweep Reserve: Monthly deposit of excess cash flow upon the occurrence and continuance of a cash sweep period that exists solely due to the continuance of a specified tenant sweep period. | $700,000 | No | NAP | NAP | No | NAP | |
25 | Loan | Spurlock Apartments | NAP | NAP | No | NAP | NAP | No | NAP | |
26 | Loan | SeaMist RV Park | NAP | NAP | No | NAP | NAP | No | NAP | |
27 | Loan | Southern Woods | NAP | NAP | No | NAP | NAP | No | NAP | |
28 | Loan | 332 East 6th Street | NAP | NAP | No | NAP | NAP | No | NAP | |
29 | Loan | Springtree Apartments | NAP | NAP | No | NAP | NAP | No | NAP | |
30 | Loan | 1442 Pennsylvania Avenue Southeast | Tenant Cash Trap Reserve: During A Tenant Cash Trap Period all excess cash flow is required to be deposited. | NAP | No | NAP | NAP | No | NAP | |
31 | Loan | Outback Steakhouse El Paso | Primary Tenant Reserve: During A Primary Tenant Sweep Period all excess cash flow is required to be deposited. | NAP | No | NAP | NAP | No | NAP |
APPENDIX I - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS | ||||||||||||||||||||||||
THIRD PARTY REPORTS | ADDITIONAL PERMITTED DEBT(26) | TOTAL MORTGAGE DEBT INFORMATION | TOTAL DEBT INFORMATION | |||||||||||||||||||||
Loan ID | Footnotes | Property Flag | Deal Name | Appraisal Report Date | Environmental Phase I Report Date | Phase II Performed(25) | Engineering Report Date | Seismic Zone (Y/N) | Seismic Report Date | PML % | Additional Future Debt Permitted | Additional Future Debt Permitted Description | Cut-off Date Pari Passu Mortgage Debt Balance | Cut-off Date Subord. Mortgage Debt Balance | Total Mortgage Debt Cut-off Date LTV Ratio | Total Mortgage Debt UW NCF DSCR | Total Mortgage Debt UW NOI Debt Yield | Cut-off Date Mezzanine Debt Balance | Total Debt Cut-off Date LTV Ratio | Total Debt UW NCF DSCR | Total Debt UW NOI Debt Yield | |||
1 | Loan | Park Center Phase I | 6/26/2017 | 7/21/2017 | No | 6/1/2017 | N | NAP | NAP | No | NAP | $158,000,000 | 51.4% | 3.17x | 10.8% | 51.4% | 3.17x | 10.8% | ||||||
2 | Loan | GNL Portfolio | Various | Various | No | Various | N | NAP | NAP | No | NAP | $187,000,000 | 57.9% | 2.22x | 10.8% | 57.9% | 2.22x | 10.8% | ||||||
2.01 | Property | Sandoz, Inc. | 8/31/2017 | 8/10/2017 | No | 8/11/2017 | N | NAP | NAP | 57.9% | 2.22x | 10.8% | 57.9% | 2.22x | 10.8% | |||||||||
2.02 | Property | Intervet Inc. | 8/24/2017 | 8/11/2017 | No | 8/16/2017 | N | NAP | NAP | 57.9% | 2.22x | 10.8% | 57.9% | 2.22x | 10.8% | |||||||||
2.03 | Property | GE Aviation Systems, LLC | 8/24/2017 | 8/10/2017 | No | 8/11/2017 | N | NAP | NAP | 57.9% | 2.22x | 10.8% | 57.9% | 2.22x | 10.8% | |||||||||
2.04 | Property | FedEx Ground Package System, Inc. (NY) | 8/22/2017 | 8/10/2017 | No | 8/10/2017 | N | NAP | NAP | 57.9% | 2.22x | 10.8% | 57.9% | 2.22x | 10.8% | |||||||||
2.05 | Property | Nissan North America Inc. | 9/6/2017 | 8/11/2017 | No | 8/11/2017 | N | NAP | NAP | 57.9% | 2.22x | 10.8% | 57.9% | 2.22x | 10.8% | |||||||||
2.06 | Property | Constellium Automotive USA, LLC | 8/25/2017 | 8/10/2017 | No | 8/10/2017 | N | NAP | NAP | 57.9% | 2.22x | 10.8% | 57.9% | 2.22x | 10.8% | |||||||||
2.07 | Property | C&J Energy Services, Inc. II | 9/18/2017 | 8/8/2017 | No | 8/8/2017 | N | NAP | NAP | 57.9% | 2.22x | 10.8% | 57.9% | 2.22x | 10.8% | |||||||||
2.08 | Property | Lippert Components Manufacturing, Inc. | 8/31/2017 | 8/10/2017 | No | 8/11/2017 | N | NAP | NAP | 57.9% | 2.22x | 10.8% | 57.9% | 2.22x | 10.8% | |||||||||
2.09 | Property | FedEx Ground Package System, Inc. (WV) | 9/6/2017 | 8/10/2017 | No | 8/9/2017 | N | NAP | NAP | 57.9% | 2.22x | 10.8% | 57.9% | 2.22x | 10.8% | |||||||||
2.10 | Property | C&J Energy Services, Inc. I | 9/18/2017 | 9/27/2017 | No | 9/28/2017 | N | NAP | NAP | 57.9% | 2.22x | 10.8% | 57.9% | 2.22x | 10.8% | |||||||||
2.11 | Property | U.S. General Services Administration | 8/23/2017 | 8/11/2017 | No | 8/10/2017 | N | NAP | NAP | 57.9% | 2.22x | 10.8% | 57.9% | 2.22x | 10.8% | |||||||||
2.12 | Property | PNC Bank N.A. | 8/22/2017 | 8/10/2017 | No | 8/10/2017 | N | NAP | NAP | 57.9% | 2.22x | 10.8% | 57.9% | 2.22x | 10.8% | |||||||||
3 | Loan | Yorkshire & Lexington Towers | 8/15/2017 | 8/21/2017 | No | 8/21/2017 | N | NAP | NAP | No | NAP | $200,000,000 | $200,000,000 | 61.8% | 1.04x | 4.4% | $150,000,000 | 61.8% | 1.04x | 4.4% | ||||
3.01 | Property | Yorkshire Tower | 8/15/2017 | 8/21/2017 | No | 8/21/2017 | N | NAP | NAP | 61.8% | 1.04x | 4.4% | 61.8% | 1.04x | 4.4% | |||||||||
3.02 | Property | Lexington Tower | 8/15/2017 | 8/21/2017 | No | 8/21/2017 | N | NAP | NAP | 61.8% | 1.04x | 4.4% | 61.8% | 1.04x | 4.4% | |||||||||
4 | Loan | Westin Times Square Fee | 9/7/2017 | 9/21/2017 | No | 9/20/2017 | N | NAP | NAP | No | NAP | NAP | 45.2% | 1.87x | 6.7% | 45.2% | 1.87x | 6.7% | ||||||
5 | Loan | One California Plaza | 9/7/2017 | 3/16/2017 | No | 10/12/2017 | Y | 3/13/2017 | 10.5% | No | NAP | $136,000,000 | $164,000,000 | 65.4% | 2.00x | 8.6% | 65.4% | 2.00x | 8.6% | |||||
6 | Loan | Lehigh Valley Mall | 9/4/2017 | 9/13/2017 | No | 9/12/2017 | N | NAP | NAP | Yes | Subject to Lender’s approval, Borrower shall be permitted to enter into a PACE Loan for an amount not to exceed $5,000,000 | $200,000,000 | 44.9% | 2.07x | 12.5% | 44.9% | 2.07x | 12.5% | ||||||
7 | (27) | Loan | The Standard Highline NYC | 9/7/2017 | 9/12/2017 | No | 9/12/2017 | N | NAP | NAP | Yes | Future Mezzanine (i) no event of default; (ii) maximum combined LTV of 75.0%; (iii) minimum combined Debt Service Coverage Ratio of 1.50x; (iv) Intercreditor Agreement required; and (v) Rating Agency confirmation | NAP | $125,000,000 | 50.0% | 1.76x | 10.1% | 50.0% | 1.76x | 10.1% | ||||
8 | Loan | Centre 425 Bellevue | 10/1/2017 | 9/19/2017 | No | 9/19/2017 | Y | 9/19/2017 | 6.0% | No | NAP | $94,000,000 | $114,450,000 | 84.2% | 1.15x | 5.7% | $57,600,000 | 84.2% | 1.15x | 5.7% | ||||
9 | Loan | 379 West Broadway | 6/1/2017 | 7/12/2017 | No | 7/11/2017 | N | NAP | NAP | No | NAP | NAP | 52.5% | 1.60x | 7.9% | 52.5% | 1.60x | 7.9% | ||||||
10 | (27) | Loan | 600 Vine | 8/1/2017 | 7/31/2017 | No | 7/31/2017 | N | NAP | NAP | No | NAP | $52,797,856 | 82.7% | 1.19x | 9.3% | $5,899,760 | 82.7% | 1.19x | 9.3% | ||||
11 | Loan | 300 Montgomery | 5/24/2017 | 5/31/2017 | No | 5/31/2017 | Y | 5/26/2017 | 21.0% | Yes | Future mezzanine debt permitted subject to: (i) no event of default; (ii) maximum combined LTV of 80.0%; (iii) minimum combined Underwritten Debt Service Coverage Ratio of 1.50x; (iv) Intercreditor Agreement required; and (v) Rating Agency confirmation | $66,000,000 | 55.2% | 2.56x | 9.6% | 55.2% | 2.56x | 9.6% | ||||||
12 | Loan | Garden Multifamily Portfolio | Various | Various | No | Various | N | NAP | NAP | No | NAP | $57,176,411 | 71.3% | 1.33x | 9.3% | 71.3% | 1.33x | 9.3% | ||||||
12.01 | Property | Carleton | 2/9/2017 | 2/23/2017 | No | 2/23/2017 | N | NAP | NAP | 71.3% | 1.33x | 9.3% | 71.3% | 1.33x | 9.3% | |||||||||
12.02 | Property | River Glen | 2/3/2017 | 2/23/2017 | No | 2/22/2017 | N | NAP | NAP | 71.3% | 1.33x | 9.3% | 71.3% | 1.33x | 9.3% | |||||||||
12.03 | Property | Tabor Ridge | 2/8/2017 | 2/23/2017 | No | 2/23/2017 | N | NAP | NAP | 71.3% | 1.33x | 9.3% | 71.3% | 1.33x | 9.3% | |||||||||
12.04 | Property | Ridgewood | 2/9/2017 | 2/15/2017 | No | 2/22/2017 | N | NAP | NAP | 71.3% | 1.33x | 9.3% | 71.3% | 1.33x | 9.3% | |||||||||
12.05 | Property | Foxhaven | 2/8/2017 | 2/23/2017 | No | 2/22/2017 | N | NAP | NAP | 71.3% | 1.33x | 9.3% | 71.3% | 1.33x | 9.3% | |||||||||
12.06 | Property | Hayfield | 2/7/2017 | 2/23/2017 | No | 5/4/2017 | N | NAP | NAP | 71.3% | 1.33x | 9.3% | 71.3% | 1.33x | 9.3% | |||||||||
12.07 | Property | Laurel | 2/9/2017 | 2/15/2017 | No | 2/22/2017 | N | NAP | NAP | 71.3% | 1.33x | 9.3% | 71.3% | 1.33x | 9.3% | |||||||||
12.08 | Property | Wood Trail | 2/9/2017 | 2/23/2017 | No | 2/22/2017 | N | NAP | NAP | 71.3% | 1.33x | 9.3% | 71.3% | 1.33x | 9.3% | |||||||||
12.09 | Property | Camellia | 2/3/2017 | 2/23/2017 | No | 5/10/2017 | N | NAP | NAP | 71.3% | 1.33x | 9.3% | 71.3% | 1.33x | 9.3% | |||||||||
12.10 | Property | Ashgrove | 2/7/2017 | 2/23/2017 | No | 2/16/2017 | N | NAP | NAP | 71.3% | 1.33x | 9.3% | 71.3% | 1.33x | 9.3% | |||||||||
12.11 | Property | Slate Run | 2/8/2017 | 2/23/2017 | No | 2/23/2017 | N | NAP | NAP | 71.3% | 1.33x | 9.3% | 71.3% | 1.33x | 9.3% | |||||||||
12.12 | Property | Forsythia | 2/3/2017 | 2/23/2017 | No | 2/21/2017 | N | NAP | NAP | 71.3% | 1.33x | 9.3% | 71.3% | 1.33x | 9.3% | |||||||||
12.13 | Property | Beckford | 2/8/2017 | 2/23/2017 | No | 2/16/2017 | N | NAP | NAP | 71.3% | 1.33x | 9.3% | 71.3% | 1.33x | 9.3% | |||||||||
12.14 | Property | Meadowood | 2/9/2017 | 2/14/2017 | No | 2/22/2017 | N | NAP | NAP | 71.3% | 1.33x | 9.3% | 71.3% | 1.33x | 9.3% | |||||||||
12.15 | Property | Elmwood | 2/9/2017 | 2/23/2017 | No | 2/16/2017 | N | NAP | NAP | 71.3% | 1.33x | 9.3% | 71.3% | 1.33x | 9.3% | |||||||||
13 | (27) | Loan | 333 North Bedford | 7/27/2017 | 9/8/2017 | No | 9/14/2017 | N | NAP | NAP | No | NAP | $58,177,135 | 61.4% | 1.63x | 9.9% | 61.4% | 1.63x | 9.9% | |||||
14 | Loan | Miracle Mile | 8/3/2017 | 9/7/2017 | No | 9/7/2017 | N | NAP | NAP | No | NAP | $56,000,000 | 69.5% | 1.52x | 9.7% | 69.5% | 1.52x | 9.7% | ||||||
15 | (27) | Loan | Totowa Commerce Center | 8/2/2017 | 9/12/2017 | Yes | Various | N | NAP | NAP | No | NAP | $51,750,000 | 74.8% | 1.55x | 9.7% | 74.8% | 1.55x | 9.7% | |||||
15.01 | Property | 80-100 Commerce Way | 9/12/2017 | Yes | 7/19/2017 | N | NAP | NAP | 74.8% | 1.55x | 9.7% | 74.8% | 1.55x | 9.7% | ||||||||||
15.02 | Property | 40 Commerce Way | 9/12/2017 | Yes | 7/19/2017 | N | NAP | NAP | 74.8% | 1.55x | 9.7% | 74.8% | 1.55x | 9.7% | ||||||||||
15.03 | Property | 29 Commerce Way | 9/12/2017 | Yes | 7/19/2017 | N | NAP | NAP | 74.8% | 1.55x | 9.7% | 74.8% | 1.55x | 9.7% | ||||||||||
15.04 | Property | One Center Court | 9/12/2017 | Yes | 7/19/2017 | N | NAP | NAP | 74.8% | 1.55x | 9.7% | 74.8% | 1.55x | 9.7% | ||||||||||
15.05 | Property | 11 Commerce Way | 9/12/2017 | Yes | 7/19/2017 | N | NAP | NAP | 74.8% | 1.55x | 9.7% | 74.8% | 1.55x | 9.7% | ||||||||||
15.06 | Property | 45 Commerce Way | 9/12/2017 | Yes | 7/19/2017 | N | NAP | NAP | 74.8% | 1.55x | 9.7% | 74.8% | 1.55x | 9.7% | ||||||||||
15.07 | Property | 999 Riverview Drive | 8/2/2017 | 9/12/2017 | Yes | 7/13/2017 | N | NAP | NAP | 74.8% | 1.55x | 9.7% | 74.8% | 1.55x | 9.7% | |||||||||
15.08 | Property | Two Center Court | 9/12/2017 | Yes | 7/19/2017 | N | NAP | NAP | 74.8% | 1.55x | 9.7% | 74.8% | 1.55x | 9.7% | ||||||||||
15.09 | Property | 120-140 Commerce Way | 9/12/2017 | Yes | 7/19/2017 | N | NAP | NAP | 74.8% | 1.55x | 9.7% | 74.8% | 1.55x | 9.7% | ||||||||||
15.10 | Property | 60 Commerce Way | 9/12/2017 | Yes | 7/19/2017 | N | NAP | NAP | 74.8% | 1.55x | 9.7% | 74.8% | 1.55x | 9.7% | ||||||||||
15.11 | Property | 20 Commerce Way | 9/12/2017 | Yes | 7/19/2017 | N | NAP | NAP | 74.8% | 1.55x | 9.7% | 74.8% | 1.55x | 9.7% | ||||||||||
16 | Loan | Rockside Office Portfolio | 10/3/2017 | 10/2/2017 | No | 10/2/2017 | N | NAP | NAP | No | NAP | NAP | 50.7% | 2.95x | 14.8% | 50.7% | 2.95x | 14.8% | ||||||
16.01 | Property | Freedom Square II | 10/3/2017 | 10/2/2017 | No | 10/2/2017 | N | NAP | NAP | 50.7% | 2.95x | 14.8% | 50.7% | 2.95x | 14.8% | |||||||||
16.02 | Property | Freedom Square III | 10/3/2017 | 10/2/2017 | No | 10/2/2017 | N | NAP | NAP | 50.7% | 2.95x | 14.8% | 50.7% | 2.95x | 14.8% | |||||||||
16.03 | Property | Rock Run North | 10/3/2017 | 10/2/2017 | No | 10/2/2017 | N | NAP | NAP | 50.7% | 2.95x | 14.8% | 50.7% | 2.95x | 14.8% | |||||||||
16.04 | Property | Rock Run Center | 10/3/2017 | 10/2/2017 | No | 10/2/2017 | N | NAP | NAP | 50.7% | 2.95x | 14.8% | 50.7% | 2.95x | 14.8% | |||||||||
16.05 | Property | Freedom Square I | 10/3/2017 | 10/2/2017 | No | 10/2/2017 | N | NAP | NAP | 50.7% | 2.95x | 14.8% | 50.7% | 2.95x | 14.8% | |||||||||
17 | Loan | The Boulders Resort & Spa | 7/6/2017 | 7/11/2017 | No | 7/11/2017 | N | NAP | NAP | No | NAP | $72,850,326 | 55.9% | 1.61x | 13.2% | 55.9% | 1.61x | 13.2% | ||||||
18 | Loan | 701 East 22nd Street | 8/19/2017 | 8/24/2017 | No | 8/24/2017 | N | NAP | NAP | No | NAP | NAP | 64.4% | 2.03x | 11.7% | 64.4% | 2.03x | 11.7% | ||||||
19 | Loan | 237 East Fordham Road | 7/14/2017 | 7/24/2017 | No | 7/24/2017 | N | NAP | NAP | No | NAP | NAP | 40.8% | 3.19x | 12.9% | 40.8% | 3.19x | 12.9% | ||||||
20 | Loan | Wild Meadows | 9/8/2017 | 9/11/2017 | No | 9/11/2017 | N | NAP | NAP | No | NAP | NAP | 63.0% | 1.53x | 7.1% | 63.0% | 1.53x | 7.1% | ||||||
21 | Loan | Mt. Washington Mill | 7/31/2017 | 8/7/2017 | No | 8/7/2017 | N | NAP | NAP | No | NAP | NAP | 53.4% | 2.12x | 13.3% | 53.4% | 2.12x | 13.3% | ||||||
22 | Loan | Goldstar Industrial Portfolio | Various | Various | No | 7/28/2017 | N | NAP | NAP | No | NAP | NAP | 55.8% | 2.78x | 13.3% | 55.8% | 2.78x | 13.3% | ||||||
22.01 | Property | 1361 Brass Mill Road | 8/21/2017 | 7/28/2017 | No | 7/28/2017 | N | NAP | NAP | 55.8% | 2.78x | 13.3% | 55.8% | 2.78x | 13.3% | |||||||||
22.02 | Property | Harwood Business Center | 8/23/2017 | 7/31/2017 | No | 7/28/2017 | N | NAP | NAP | 55.8% | 2.78x | 13.3% | 55.8% | 2.78x | 13.3% | |||||||||
22.03 | Property | 201 Gateway Drive | 8/21/2017 | 7/28/2017 | No | 7/28/2017 | N | NAP | NAP | 55.8% | 2.78x | 13.3% | 55.8% | 2.78x | 13.3% | |||||||||
22.04 | Property | 2113 Columbia Park Road | 8/21/2017 | 7/28/2017 | No | 7/28/2017 | N | NAP | NAP | 55.8% | 2.78x | 13.3% | 55.8% | 2.78x | 13.3% | |||||||||
22.05 | Property | 2111 Emmorton Park Road | 8/21/2017 | 7/28/2017 | No | 7/28/2017 | N | NAP | NAP | 55.8% | 2.78x | 13.3% | 55.8% | 2.78x | 13.3% | |||||||||
22.06 | Property | 5495 Levering Avenue | 8/23/2017 | 7/28/2017 | No | 7/28/2017 | N | NAP | NAP | 55.8% | 2.78x | 13.3% | 55.8% | 2.78x | 13.3% | |||||||||
23 | Loan | Meadows at June Road | 7/24/2017 | 8/25/2017 | No | 9/21/2017 | Y | 8/23/2017 | 8.0% | No | NAP | NAP | 63.3% | 1.26x | 8.2% | 63.3% | 1.26x | 8.2% | ||||||
24 | Loan | Lakefront I & II | 9/5/2017 | 8/15/2017 | No | 8/15/2017 | N | NAP | NAP | No | NAP | NAP | 59.0% | 3.42x | 17.4% | 59.0% | 3.42x | 17.4% | ||||||
25 | Loan | Spurlock Apartments | 9/20/2017 | 9/26/2017 | No | 9/26/2017 | N | NAP | NAP | No | NAP | NAP | 65.0% | 1.70x | 10.7% | 65.0% | 1.70x | 10.7% | ||||||
26 | Loan | SeaMist RV Park | 9/6/2017 | 9/11/2017 | No | 9/8/2017 | N | NAP | NAP | No | NAP | NAP | 56.3% | 1.57x | 11.9% | 56.3% | 1.57x | 11.9% | ||||||
27 | Loan | Southern Woods | 9/27/2017 | 9/20/2017 | No | 9/20/2017 | N | NAP | NAP | No | NAP | NAP | 69.8% | 1.28x | 8.9% | 69.8% | 1.28x | 8.9% | ||||||
28 | Loan | 332 East 6th Street | 8/1/2017 | 8/10/2017 | No | 8/10/2017 | N | NAP | NAP | No | NAP | NAP | 61.2% | 1.57x | 7.1% | 61.2% | 1.57x | 7.1% | ||||||
29 | Loan | Springtree Apartments | 8/31/2017 | 9/13/2017 | No | 9/13/2017 | N | NAP | NAP | No | NAP | NAP | 70.4% | 1.52x | 10.5% | 70.4% | 1.52x | 10.5% | ||||||
30 | Loan | 1442 Pennsylvania Avenue Southeast | 9/27/2017 | 10/3/2017 | No | 10/3/2017 | N | NAP | NAP | No | NAP | NAP | 62.3% | 1.78x | 8.7% | 62.3% | 1.78x | 8.7% | ||||||
31 | Loan | Outback Steakhouse El Paso | 9/8/2017 | 9/12/2017 | No | 9/12/2017 | N | NAP | NAP | No | NAP | NAP | 47.4% | 1.77x | 9.4% | 47.4% | 1.77x | 9.4% |
CSAIL 2017-CX10
FOOTNOTES TO ANNEX A
(1) | “Column” denotes Column Financial, Inc. as Mortgage Loan Seller, “BSP” denotes Benefit Street Partners CRE Finance LLC as Mortgage Loan Seller, “Natixis” denotes Natixis Real Estate Capital LLC as Mortgage Loan Seller. |
(2) | For mortgage loans secured by multiple mortgaged properties, each mortgage loan’s Original Balance , Cut-off Date Balance, Maturity/ARD Balance, and Cut-off Date Balance per SF/Units/Rooms/Pads are allocated to the respective mortgaged property based on the mortgage loan’s documentation, or if no such allocation is provided in the mortgage loan documentation, the mortgage loan seller’s determination of the appropriate allocation. |
(3) | With regards to Loan No. 1, Park Center Phase I, the mortgage loan is part of a $158.0 million whole loan (the “Park Center Phase I Whole Loan”), which is comprised of twopari passu component notes (Note A-1 and Note A-2). Note A-2, which has an outstanding principal balance as of the cut-off date of $78.0 million, is expected to be contributed to the CSAIL 2017-CX10 Commercial Mortgage Trust. Note A-1 has an outstanding principal balance as of the cut-off date of $80.0 million and was contributed to the CSAIL 2017-CX9 Commercial Mortgage Trust. All loan level metrics are based on the $158.0 million Park Center Phase I Whole Loan balance. |
With regards to Loan No. 2, GNL Portfolio, the mortgage loan is part of a $187.0 million whole loan (the “GNL Portfolio Whole Loan”), which is comprised of fourpari passucomponent notes (Note A-1-A, Note A-1-B, Note A-2-A and Note A-2-B). Note A-1-A, which has an outstanding principal balance as of the cut-off date of $73.0 million, is expected to be contributed to the CSAIL 2017-CX10 Commercial Mortgage Trust. Note A-2-A has an outstanding principal balance as of the cut-off date of $63.5 million and is held by Column. Note A-1-B and Note A-2-B have outstanding principal balances as of the cut-off date of $50.5 million in the aggregate and are expected to be contributed to CCUBS 2017-C1. All loan level metrics are based on the $187.0 million GNL Portfolio Whole Loan balance. | |
With regards to Loan No. 3, Yorkshire & Lexington Towers, the mortgage loan is part of a $400.0 million whole loan (the “Yorkshire & Lexington Towers Whole Loan”), which is comprised of ninepari passu component notes (Note A-1, Note A-2, Note A-3, Note A-4, Note A-5, Note A-6, Note A-7, Note A-8-1 and Note A-8-2) and one subordinate companion loan (Note B). Note A-1 and Note A-2, which have an aggregate outstanding principal balance as of the cut-off date of $60.0 million, are expected to be contributed to the CSAIL 2017-CX10 Commercial Mortgage Trust. Note B, which has an outstanding principal balance as of the cut-off date of $200.0 million, is also expected to be contributed to CSAIL 2017-CX10 Commercial Mortgage Trust, as the collateral for the Non-pooled Loan-Specific Certificates. Note A-4 has an outstanding principal balance as of the cut-off date of $40.0 million and is expected to be contributed to the UBS Commercial Mortgage Trust 2017-C5. Note A-3, Note A-5, Note A-6, Note A-7, Note A-8-1, and Note A-8-2 have an aggregate outstanding principal balance as of cut-off date of $100.0 million and are held by UBS AG and Natixis. All loan level metrics are based on the $200.0 million senior portion of the Yorkshire & Lexington Towers Whole Loan. | |
With regards to Loan No. 5, One California Plaza, the mortgage loan is part of a $300.0 million whole loan (the “One California Plaza Whole Loan”), which is comprised of twopari passu component notes (Note A-1 and Note A-2) and one subordinate note (Note B). Note A-2, which has an outstanding principal balance as of the cut-off date of $50.0 million, is expected to be contributed to the CSAIL 2017-CX10 Commercial Mortgage Trust. Note A-1 and Note B have outstanding principal balances as of the cut-off date of $86.0 million and $164.0 million, respectively, and were contributed to CSMC 2017-CALI Commercial Mortgage Trust. All loan level metrics are based on the $136.0 million senior portion of the One California Plaza Whole Loan balance. | |
With regards to Loan No. 6, Lehigh Valley Mall, the mortgage loan is part of a $200.0 million whole loan (the “Lehigh Valley Mall Whole Loan”), which is comprised of sixpari passu component notes (Note A-1-A, Note A-1-B, Note A-1-C, Note A-2-A, Note A-2-B and Note A-2-C). Note A-1-B, which has an outstanding principal balance as of the cut-off date of $50.0 million, is expected to be contributed to the CSAIL 2017-CX10 Commercial Mortgage Trust. Note A-2-B has an outstanding principal balance as of the cut-off date of $27.5 million and is held by Column. Note A-1-A and Note A-2-A have outstanding principal balances as of the cut-off date of $77.5 million in the aggregate and are held by JPMorgan Chase Bank, National Association (“JPMCB”). Note A-1-C and Note A-2-C have outstanding principal balances as of the cut-off date of $45.0 million in the aggregate and are held by Cantor Commercial Real Estate Lending, L.P. All loan level metrics are based on the $200.0 million Lehigh Valley Mall Whole Loan balance. | |
With regards to Loan No. 7, The Standard Highline NYC, the mortgage loan is part of a $170.0 million whole loan (“The Standard Highline NYC Whole Loan”), which is comprised of one senior note (Note A) and three subordinate companion loans (Note A-B, Note B-A and Note B-B). Note A, which has an outstanding principal balance as of the cut-off date of $45.0 million, is expected to be contributed to the CSAIL 2017-CX10 Commercial Mortgage Trust. Note A-B, which has an outstanding principal balance as of the cut-off date of $58.4 million, is also expected to be contributed to CSAIL 2017-CX10 Commercial Mortgage Trust, as the collateral for the Non-pooled Loan-Specific Certificates. Note B-A has an outstanding principal balance as of the cut-off date of $36.6 million and is held by Natixis. Note B-B has an outstanding principal balance as of cut-off date of $30.0 million and is also held by Natixis. All loan level metrics are based on the $45.0 million senior portion of The Standard Highline NYC Whole Loan. | |
With regards to Loan No. 8, Centre 425 Bellevue, the mortgage loan is part of a $208.45 million whole loan (the “Centre 425 Bellevue Whole Loan”), which is comprised of threepari passu component notes (Note A-1, Note A-2 and Note A-3) and one subordinate companion loan (Note B). Note A-3, which has an outstanding balance as of the cut-off date of $44.0 million, is expected to be contributed to the CSAIL 2017-CX10 Commercial Mortgage Trust. Note A-2 has an outstanding principal balance as of the cut-off date of $40.0 million and is expected to be contributed to the UBS Commercial Mortgage Trust 2017-C5. Note A-1 has an outstanding principal balance as of the cut-off date of $10.0 million and is held by Natixis. The subordinate Note B has an outstanding principal balance as of cut-off date of $114.45 million and is held by Natixis. All loan level metrics are based on the $94.0 million senior portion of the Centre 425 Bellevue Whole Loan balance. | |
With regards to Loan No. 10, 600 Vine, the mortgage loan is part of an approximately $52.8 million whole loan (the “600 Vine Whole Loan”), which is comprised of twopari passucomponent notes (Note A-1 and Note A-2). Note A-1, which has an outstanding principal balance as of the cut-off date of approximately $36.0 million, is expected to be contributed to the CSAIL 2017-CX10 Commercial Mortgage Trust. Note A-2 has an outstanding principal balance as of cut-off of approximately $16.8 million and is held by Natixis. All loan level metrics are based on the approximately $52.8 million 600 Vine Whole Loan balance. | |
With regards to Loan No. 11, 300 Montgomery, the mortgage loan is part of a $66.0 million whole loan (the “300 Montgomery Whole Loan”), which is comprised of twopari passucomponent notes (Note A-1 and Note A-2). Note A-2, which has an outstanding principal balance as of the cut-off date of $30.0 million, is expected to be contributed to the CSAIL 2017-CX10 Commercial Mortgage Trust. Note A-1 has an outstanding principal balance as of the cut-off date of $36.0 million and was contributed to the CSAIL 2017-CX9 Commercial Mortgage Trust. All loan level metrics are based on the $66.0 million 300 Montgomery Whole Loan. |
With respect to Loan No. 12, Garden Multifamily Portfolio, the mortgage loan is part of an approximately $57.2 million whole loan (the “Garden Multifamily Whole Loan”) that is comprised of sixpari passu component notes (Note A-1, Note A-2, Note A-3, Note A-4 Note A-5 and Note A-6). Note A-1, Note A-4 and Note A-5, which have an aggregate outstanding principal balance as of the cut-off date of approximately $29.3 million, are expected to be contributed to the CSAIL 2017-CX10 Commercial Mortgage Trust. Note A-2, which has an outstanding principal balance as of the cut-off date of approximately $17.9 million, was contributed to the CSAIL 2017-C8 Commercial Mortgage Trust. The remaining notes are held by BSP. All loan level metrics are based on the approximately $57.2 million Garden Multifamily Portfolio Whole Loan balance. | |
With regards to Loan No. 13, 333 North Bedford, the mortgage loan is part of an approximately $58.2 million whole loan (the “333 North Bedford Whole Loan”), which is comprised of twopari passu component notes (Note A-1 and Note A-2). Note A-2, which has an outstanding principal balance as of cut-off date of approximately $28.8 million, is expected to be contributed to the CSAIL 2017-CX10 Commercial Mortgage Trust. Note A-1 has an outstanding principal balance as of the cut-off date of approximately $29.3 million and was contributed to the Wells Fargo Commercial Mortgage Trust 2016-NXS6. All loan level metrics are based on the approximately $58.2 million 333 North Bedford Whole Loan. | |
With respect to Loan No. 14, Miracle Mile, the mortgage loan is part of a $56.0 million whole loan (the “Miracle Mile Whole Loan”) that is comprised of fourpari passu notes and was co-originated with JPMCB and is comprised of fourpari passu notes. Note A-1 and Note A-2 have an aggregate outstanding principal balance as of the cut-off date of $28.0 million and are expected to be contributed to the CSAIL 2017-CX10 Commercial Mortgage Trust. Note A-3 and Note A-4 have an aggregate outstanding principal balance as of the cut-off date of $28.0 million and are held by JPMCB. All loan level metrics are based on the $56.0 million Miracle Mile Whole Loan balance. | |
With regards to Loan No. 15, Totowa Commerce Center, the mortgage loan is part of a $51.75 million whole loan (the “Totowa Commerce Center Whole Loan”), which is comprised of twopari passu component notes (Note A-1 and Note A-2). Note A-1, which has an outstanding principal balance as of the cut-off date of $26.75 million, is expected to be contributed to the CSAIL 2017-CX10 Commercial Mortgage Trust. Note A-2 has an outstanding principal balance as of the cut-off date of $25.0 million and is expected to be contributed to the UBS Commercial Mortgage Trust 2017-C5. All loan level metrics are based on the $51.75 million Totowa Commerce Center Whole Loan balance. | |
With regards to Loan No. 17, The Boulders Resort & Spa, the mortgage loan is part of an approximately $72.9 million whole loan (the “The Boulders Resort & Spa Whole Loan”), which is comprised of twopari passu component notes (Note A-1 and Note A-2). Note A-2, which has an outstanding principal balance as of the cut-off date of approximately $23.0 million, is expected to be contributed to the CSAIL 2017-CX10 Commercial Mortgage Trust. Note A-1 has an outstanding principal balance as of the cut-off date of approximately $49.9 million and was contributed to CSAIL 2017-CX9 Commercial Mortgage Trust. All loan level metrics are based on the approximately $72.9 million The Boulders Resort & Spa Whole Loan balance. | |
(4) | In certain cases, the principal / carveout guarantor name was shortened for spacing purposes. |
(5) | With regards to Loan No. 4, Westin Times Square Fee, the mortgage loan is secured by the leased fee interest in the land under the Westin Times Square Hotel, which is encumbered by a ground lease between the related borrower, as the ground lessor, and a sponsor affiliate, which expires on July 14, 2096. The improvements are not collateral for the mortgage loan. |
With respect to Loan No. 14, Miracle Mile, the borrower has both a fee and leasehold interest in the Miracle Mile property, which property is subject to a ground lease with an affiliated ground lessor, effective through September 30, 2046. The ground lease payment is fixed at $1 throughout the term of the ground lease and any modification of the ground lease constitutes an event of default under the related mortgage loan documents. | |
With respect to Loan No. 21, Mt. Washington Mill, the borrower has both a fee and leasehold interest in the Mt. Washington Mill property. The property is encumbered by two ground leases; the first ground lease, covering Parcel A, expires on April 9, 2031 and may be extended into April 9, 2231. Ground lease payments under the first ground lease are fixed at $1 annually throughout the initial term of the ground lease. With respect to the second ground lease, covering Lots 4, 5, 7 and 8, the ground lease expires December 31, 2020 and may be extended through December 31, 2040. Ground lease payments under the second ground lease are fixed at $3,000 annually throughout the initial term of the ground lease. | |
(6) | With respect to Loan No. 24, Lakefront I & II, the mortgaged property is subject to a title restriction that limits the permitted use of the mortgaged property to: (i) light manufacturing; (ii) assembly; (iii) production; (iv) commercial; (v) office; (vi) warehouse; (vii) storage and distribution; (viii) industrial; and (ix) education purposes (including parking). |
(7) | With respect to Loan No. 14, Miracle Mile, the tenants PNC Bank, Chick-Fil-A, Taco Bell and Starbucks are all outparcel tenants at the property and may be partially released upon the satisfaction of certain conditions including, but not limited to: (i) no event of default existing at the time of such release; and (ii) the borrower prepays the mortgage loan in an amount equal to the greater of: (a) net sale proceeds and 115% of the value of the parcel to be released or (b) the amount that results in the LTV of the remaining property, after giving effect to the release, being no greater than 72% and the DSCR and DY of the remaining property, after giving effect to the release, being no less than underwritten NCF DSCR of 1.35x and NCF DY of 8.75%, respectively, together with a prepayment premium in the amount equal to the greater of a yield maintenance premium or one percent of the amount prepaid. |
(8) | With regards to Loan No. 1, Park Center Phase I, the Second Largest Tenant, Del Frisco’s, has not taken occupancy of its approximately 10,090 SF space and is not currently paying its base rent. It is expected to take occupancy on June 1, 2018. |
With regards to Loan No. 5, One California Plaza, 24,108 SF of the tenant identified as Dentons LLP (62,690 SF), accounting for approximately 2.3% of the net rentable area, has gone dark but is paying rent and recoveries. | |
With regards to Loan No. 8, Centre 425 Bellevue, the Largest Tenant, Amazon Corporate, has rent abatement ending in May 2018, and a Free Rent Reserve in the amount of approximately $10.9 million was reserved at origination. | |
With regards to Loan No. 19, 237 East Fordham Road, the Second Largest Tenant, Footlocker, has free rent on its space ending in April 2018, and a free rent reserve in an amount of $712,190 was reserved at origination. In addition, a concession reserve in an amount of $200,000 was reserved at origination. |
(9) | For each mortgage loan, the excess of the related Interest Rate% over the related Servicing Fee Rate, the Trustee/Certificate Administrator Fee Rate, the Operating Advisor Fee Rate and the CREFC® Intellectual Property Royalty License Fee Rate (collectively, the “Admin Fee%”). |
(10) | For the mortgage loans that are interest-only for the entire term and accrue interest on an Actual/360 basis, the Monthly Debt Service (IO) was calculated as 1/12th of the product of (i) the Original Balance, (ii) the Interest Rate% and (iii) 365/360. |
(11) | With regards to all mortgage loans, Annual Debt Service is calculated by multiplying the Monthly Debt Service by 12. |
(12) | The classification of the lockbox types is described in the Free Writing Prospectus. See “Description of the Mortgage Pool – Lockbox Accounts” for further details. |
With respect to Mortgage Loan No. 16, Rockside Office Portfolio, a cash sweep period commencing in connection with the DSCR being less than 1.60x will only occur after the initial transfer of the property and assumption of the Mortgage Loan according to the loan documents. | |
(13) | With regards to Loan No. 7, The Standard Highline NYC and Loan No. 11, 300 Montgomery, the sponsors are related. |
With regards to Loan No. 25, Spurlock Apartments, and Loan No. 29, Springtree Apartments, the sponsors are related. | |
(14) | The UW NOI DSCR and UW NCF DSCR for all partial interest-only mortgage loans were calculated based on the first principal and interest payment after the interest-only period during the term of the mortgage loan. |
(15) | The “L” component of the prepayment provision represents lockout payments. |
The “Def” component of the prepayment provision represents defeasance payments. | |
The “YM1” component of the prepayment provision represents greater of 1% of principal balance or yield maintenance payments. | |
The “O” component of the prepayment provision represents the free payments including the Maturity Date. | |
(16) | With regards to Loan No. 2, GNL Portfolio, the related borrowers may obtain a release of one or more of the related properties (the “GNL Portfolio Mortgaged Properties”) from the lien of the related mortgage instruments by prepayment of a portion of the GNL Portfolio Whole Loan equal to: (i) 110% (120% if the released property or properties are being transferred to an affiliate) of the applicable allocated loan amount for such property or properties until such time as the GNL Portfolio Whole Loan balance is reduced to 90% of the original GNL Portfolio Whole Loan amount ($168.3 million) and (ii) 115% (125% if the released property or properties are being transferred to an affiliate) of the applicable allocated loan amount for such property or properties for the remainder of the GNL Portfolio Whole Loan amount, provided that after giving effect to such release the aggregate portfolio debt yield is at least equal to the greater of (1) the aggregate portfolio debt yield on October 27, 2017 and (2) aggregate GNL Portfolio debt yield immediately prior to such release. No release will be permitted if such release would result in a loan-to-value ratio (after giving effect to the release and prepayment of principal and based on the GNL Portfolio Mortgaged Properties remaining subject to the lien of the GNL Portfolio Whole Loan documents) greater than 125%. |
With regards to Loan No. 3, Yorkshire & Lexington Towers, on any payment date two years after the closing date of the securitization that includes the last note to be securitized but prior to April 6, 2022, the borrower may partially defease a portion of the Yorkshire & Lexington Towers Whole Loan in connection with the release of the Lexington Towers Mortgaged Property subject to certain conditions as defined in the loan agreement. | |
With regards to Loan No. 6, Lehigh Valley Mall, the borrower may obtain the release of Macy’s Retail Holdings, Inc.’s parcel (the “Macy’s Release Parcel”) from the lien of the Lehigh Valley Mall Whole Loan, and concurrently transfer the Macy’s Release Parcel in connection with the exercise by Macy’s of the purchase option, provided, among other conditions: (i) either (A) a partial prepayment or partial defeasance of the Lehigh Valley Mall Whole Loan, as applicable, in an amount equal to 100% of the gross cash proceeds received by the borrower from Macy’s (net of any reasonable customary closing costs actually incurred by the borrower in connection with such sale) with respect to the exercise by Macy’s of the purchase option in accordance with the lease (the “Release Parcel Amount”) or (B) a deposit of the Release Parcel Amount into the reserve account; and (ii) either (A) the ratio of the unpaid principal balance of the Lehigh Valley Mall Whole Loan to the value of the remaining property must be equal to or less than 125% or (B) the borrower pays down the principal balance of the Lehigh Valley Mall Whole Loan in accordance with the mortgage loan documents. | |
With respect to Loan No. 12, Garden Multifamily Portfolio, partial release of any of the fifteen properties is permitted after the date that is the earlier to occur of (i) three years after origination and (ii) two years after securitization of the last remaining note of the Garden Multifamily Portfolio provided, among other conditions described in the Garden Multifamily Portfolio Whole Loan documents, (i) the borrowers deliver defeasance collateral in an amount equal to 125% of the allocated loan amount of the property to be released, (ii) after giving effect to such release, (a) the DSCR of the remaining properties is equal to or greater than the greater of (x) 1.36x or (y) the DSCR immediately prior to release, (b) the LTV for the remaining properties is no greater than the lesser of (x) 71.7% or (y) the LTV of all properties prior to the release and (z) the Debt Yield of the remaining properties is equal to or greater than the greatest of (a) 8.8% or (b) Debt Yield of all properties prior to release. | |
With respect to Loan No. 14, Miracle Mile, partial release of one or more outparcels currently leased to PNC Bank, Chick-Fil-A, Taco Bell and Starbucks is permitted with prior written notice provided, among other conditions described in the Miracle Mile Whole loan documents, (i) the borrower prepays a portion of the loan in the amount equal to the greater of (a) 100% of the net sales proceeds for such outparcel and (b) 115% of the allocated loan amount of the release parcel, together with a prepayment premium in the amount equal to the greater of a yield maintenance premium or one percent of the amount prepaid, and (ii) after giving effect to such release, (a) the DSCR is not less than 1.35x after the release, (b) the LTV is not greater than 72.0% after release, and (c) the debt yield is not less than 8.75% after release. The related allocated loan amounts are, (i) $2,500,000, with respect to the outparcel leased to Chick-Fil-A, (ii) $1,700,000, with respect to the outparcel leased to Taco Bell, (iii) $1,800,000 with respect to the outparcel leased to Starbucks and (iv) $9,700,000, with respect to the release outparcel leased to PNC Bank. | |
With regards to Loan No. 15, Totowa Commerce Center, from and after the start-up date, which is 25 payment dates beginning with and including the first payment date of November 5, 2017, the borrower can obtain the release of the unimproved land parcel and the office parcel, provided that (i) no event of default has occurred and is continuing, (ii) the purchaser is not affiliated with the borrower, (iii) after such partial release, the debt yield is not less than the greater of (x) the debt yield immediately preceding such partial release and (y) debt yield at origination, (iv) after such partial release, the LTV is not greater than the lesser of (x) the LTV immediately preceding such partial release and (y) LTV at origination, and (v) the borrower delivers to the lender 115% of the allocated loan amount of the release parcel. | |
(17) | With regards to Loan No. 1, Park Center Phase I, historical financials prior to 2017 are not available, as the property was built in 2016. |
With regards to Loan No. 2, GNL Portfolio, the assets in the portfolio were acquired from January 2014 to May 2017. 2014 portfolio cashflows are not available due to the acquisition dates. The 2015 NOI includes 12 months of financials for all properties, except for C&J Energy Services, Inc. II which was acquired in March 2015 and FedEx Ground Package System, Inc. (WV) which was acquired in March 2017. The 2015 NOI includes approximately 10 months of financials for C&J Energy Services, Inc. II and does not include any information related to FedEx Ground Package System, Inc. (WV). 2016 NOI includes 12 months of financials for all properties, except for FedEx Ground Package System, Inc. (WV), for which no financial information is included due to the property being acquired in March 2017. | |
With regards to Loan No. 3, Yorkshire & Lexington Towers, historical financials prior to 2015 are unavailable as the borrower acquired the property in 2014. | |
With regards to Loan No. 4, Westin Times Square Fee, most recent financials are not available as the cashflows reflect the annual ground rent payment. | |
With regards to Loan No. 8, Centre 425 Bellevue, historical financials are not available as the property was constructed in 2017. | |
With respect to Loan No. 16, Rockside Office Portfolio, 2014 financial information represents the November 2014 trailing twelve months; 2015 financial information represents the February 2016 trailing twelve months. | |
With respect to Loan No. 22, Goldstar Industrial Portfolio, 2014 financials are unavailable as the borrower acquired the property in 2015. | |
With respect to Loan No. 23, Meadows at June Roads, historical financials are unavailable as the property was constructed in 2017. Most recent figures represent financials from February 20, 2017 through August 19, 2017 annualized. | |
With regards to Loan No. 28, 332 East 6th Street, historical financials prior to TTM August 2017 are unavailable as the borrower acquired the property in 2016. | |
With regards to Loan No. 29, Springtree Apartments, historical financials prior to 2016 are unavailable as the borrower acquired the property in 2016. | |
With regards to Loan No. 30, 1442 Pennsylvania Avenue Southeast, historical financials prior to 2015 are not available as the property was constructed in 2014. | |
With regards to Loan No. 31, Outback Steakhouse El Paso, historical financials are unavailable as the borrower acquired the property October 2017. | |
(18) | With regards to the footnotes hereto, no footnotes have been provided with respect to tenants that are not among the five largest tenants by square footage for any Mortgaged Property. |
(19) | In certain cases, the data for tenants occupying multiple spaces includes square footage for all leases and is presented with the expiration date of the largest square footage expiring. |
(20) | With regards to Loan No. 5, One California Plaza, the Second Largest Tenant, AECOM, has a one-time right to terminate and cancel its lease with respect to its entire leased premises, effective as of the later of the last day of the 11th lease year (February 28, 2027), or the date that is 12 months after the tenant delivers a termination notice to the borrower, which such notice must be delivered no later than the later of the last day of the 10th lease year (February 28, 2026), or the date that is 5 business days after the tenant’s receipt of notice from the borrower that it will lose its right to terminate the lease unless it sends its termination notice to the borrower within the next five business days. On or before 30 days prior to the termination date, the tenant is required to deliver to the borrower the sum of (i) $11,048,830, and (ii) if the tenant has previously leased any expansion space, first offer space or first refusal space, the sum of (A) the unamortized amount, as of the termination date, of the tenant improvement allowance, base rent abatement, and brokerage commissions paid by the borrower with respect to such added space, amortized over the applicable term(s) of the tenant’s lease of any such space using an annual amortization rate of 7%, and (B) three months of base rent and the estimated tenant’s share of direct expenses then in effect. The Third Largest Tenant, Morgan Lewis Bockius LLP, has the option to terminate if the tenant gives the borrower notice that the tenant is vacating the premises. If the premises remains vacant and unused by the tenant (or anyone claiming by, through or under tenant) for a period of more than 60 days after delivery of such notice, then the tenant is entitled to receive a vacancy credit. |
With respect to Loan No. 8, Centre 425 Bellevue, the Second Largest Tenant, Starbucks, has the option to terminate the lease effective on June 30, 2022, with the payment of a termination fee equal to the unamortized portion of the tenant allowance and leasing commissions plus nine months’ rent, subject to a cap of $180,000. | |
With respect to Loan No. 10, 600 Vine, the Largest Tenant, FirstGroup America, has the option to terminate the lease in March 2022 either (i) as to the entire space or (ii) as to 2 contiguous full floors of its space, with written notice no later than March 2021 and payment of a termination fee in the amount of $726,264 in case of termination of the entire space, and in the amount of $331,479 in case of termination with respect to 2 floors. The Second Largest Tenant, Ulmer & Berne, LLP, has the option to terminate the lease on March 31, 2019 with 12 months’ written notice, and payment of a termination fee in an amount equal to the sum of (i) $245,460 and (ii) unamortized tenant improvement allowance. | |
With respect to Loan No. 11, 300 Montgomery, the Largest Tenant, Ripple Labs, Inc., subleases 11,429 SF of its space to HackerOne at $73.00 PSF through the remainder of its term and subleases 3,320 SF of its space to Grovo Learning at $71.00 PSF through the remainder of its term. | |
With respect to Loan No. 11, 300 Montgomery, the Second Largest Tenant, Consulate General of Brazil, in the event diplomatic relations between the United States and Brazil are terminated, suspended or otherwise interrupted, or the Government of Brazil closes its San Francisco Consulate (and does not re-open the Consulate) during the last four years of its lease, has the option to terminate its lease with 180 days’ prior written notice and payment of a termination fee equal to the unamortized tenant improvement and leasing commission costs. The Third Largest Tenant, ELS Education Services, Inc., has the right to terminate its lease at any time after the 84th full calendar month of the term with one-year notice and payment of a termination fee of $215,107 plus the unamortized balance of the tenant improvements, plus cost of brokerage commission, and legal fees paid in connection with negotiation and execution of lease and the initial 45-day base rent abatement. |
With respect to Loan No. 13, 333 North Bedford, the Largest Tenant, Grand Prix New York Racing, LLC, subleases 17,200 SF to Spins Bowl at a current rental rate of $20.93 PSF. The Fifth Largest tenant, Saw Mill Club East, representing 7.0% of the net rentable SF, subleases 1,300 SF to Spa East at a current rental rate of $44.77 PSF. | |
With respect to Loan No. 15, Totowa Commerce Center, the second largest tenant by SF at the 20 Commerce Way Mortgaged Property, Atlantic Inertial Systems Inc., has the option to terminate its lease effective February 29, 2020 with 12 months’ prior written notice and payment of a termination fee in an amount equal to the sum of (i) $19,854 and (ii) unamortized costs incurred by landlord in connection with the lease. The Second Largest Tenant at the 29 Commerce Way Mortgaged Property, Westrock Converting Co., has the option to terminate its lease effective May 31, 2020 with 12 months’ prior written notice and payment of a termination fee in an amount equal to $214,658. The Second Largest Tenant at the 40 Commerce Way Mortgaged Property, Patterson Dental Supply, has the option to terminate its lease effective April 30, 2018 with 12 months’ prior written notice and payment of a termination fee in an amount equal to $365,964. The Third Largest Tenant at the 40 Commerce Way Mortgaged Property, Biologictx LLC, has the option to terminate its lease effective November 30, 2021 with nine months’ prior written notice and payment of a termination fee in an amount equal to $108,000. The Second Largest Tenant at the One Center Court Mortgaged Property, Westrock Converting Co., has the option to terminate its lease effective April 30, 2018 with six months’ prior written notice and payment of a termination fee in an amount equal to $104,592. The Largest Tenant at the 999 Riverview Drive Mortgaged Property, RGN-Totowa I LLC, has the option to terminate its lease effective September 30, 2019 with 12 months’ prior written notice and payment of a termination fee in an amount equal to $324,484. | |
With respect to Loan No. 16, Rockside Office Portfolio, with respect to the Rock Run Center property, the largest tenant at the property, Acumen Solutions has a one-time option to terminate its lease on August 31, 2022. In order to exercise its termination option, Acumen Solutions must give notice of termination by November 30, 2021 and pay a termination fee of $448,515. | |
With respect to Loan No. 16, Rockside Office Portfolio, with respect to the property Freedom Square III, the largest tenant at the property, Sterling, has a one-time termination right effective on the seventh anniversary of the lease. In order to exercise its termination option, Sterling must give twelve months’ notice of its intent to exercise the termination option and pay a termination fee of $962,984 plus unamortized TI/LC costs associated with the parking lot sublease. | |
With respect to Loan No. 18, 701 East 22nd Street, the Second Largest Tenant at the property, Envoy LLC has the option to terminate its effective as of June 30, 2021. In order to exercise its termination option, Envoy LLC must provide twelve months’ written notice and pay a termination fee equal to the sum of: (i) three times the sum of the monthly installments of base rent and additional rent payable under the lease; and (ii) the unamortized amount of brokerage commissions, legal fees, rent abatements and tenant improvement allowances as of the termination date. Half of the termination fee will is required to be paid with the notice of exercising the termination option and the balance is required to be paid no later than the termination date. | |
With respect to Loan No. 22, Goldstar Industrial Portfolio, with respect to the 5495 Levering Avenue Property, the largest tenant, David H. Elliot Company, Inc. has the option to terminate its lease if the contract between the tenant and Exelon/BGE is altered in a way that impacts the tenant’s ability to conduct business in the state of Maryland. In order to exercise its termination option, David H. Elliot Company, Inc. must provide 120 days’ notice and pay a termination fee equal to: (i) if the lease termination date occurs during the first thirty-six months of the lease term, $100,000; and (ii) if the lease termination date occurs after the first thirty-six months of the lease term, $50,000. | |
With respect to Loan No. 24, Lakefront I & II, with respect to the Second Largest Tenant, Florida Agency for Workforce Innovation, the lease may be terminated with six months’ written notice in the event a state owned building becomes available. Additionally, Florida Agency for Workforce Innovation has a one-time surrender option of up to 20% of the premises after 36 months with 180 days prior written notice. With respect to the Fifth Largest Tenant, Regions Bank, the lease may be terminated at the end of the thirty-ninth month with nine month’s prior written notice. A termination fee equal to (i) the unamortized balance of the lease costs and (iii) three months’ rent will be payable at the early termination date. | |
With respect to Loan No. 30, 1442 Pennsylvania Avenue Southeast, the Second Largest Tenant, McCormick Paint Works Co., has the right to terminate its lease on September 30, 2020 with 12 months’ prior written notice and payment of a termination fee. | |
(21) | Represents the upfront and monthly amounts required to be deposited by the borrower. The monthly collected amounts may be increased or decreased pursuant to the terms of the related mortgage loan documents. In certain cases, reserves with $0 balances are springing and are collected in the event of certain conditions being triggered in the respective mortgage loan documents. In certain other cases, all excess cash flow will be swept into reserve accounts in the event of certain conditions being triggered in the respective mortgage loan documents. |
With regards to Loan No. 1, Park Center Phase I, the borrower is not required to make monthly deposits to the tax or insurance reserve account so long as a trigger period or tenant failure event, as defined in the loan agreement, is not continuing. After the occurrence of a trigger period or tenant failure event, borrower is required to remit to the lender, for deposit into the basic carrying costs escrow account, an amount equal to the sum of: (i) 1/12th of the taxes that the lender reasonably estimates, based on information provided by the borrower, will be payable during the ensuing 12 months, plus (ii) 1/12th of the insurance premiums that the lender reasonably estimates, based on information provided by the borrower, will be payable during the ensuing 12 months. On each payment date during the continuance of a trigger period, the borrower is required to remit to the lender, for deposit into the TI/LC reserve account, an amount equal to the monthly TI/LC amount, $49,244. On each payment date during the continuance of a trigger period, the borrower is required to remit to the lender, for deposit into the capital expenditure reserve account, an amount equal to the monthly capital expenditure amount. | |
With regards to Loan No. 2, GNL Portfolio, so long as no cash sweep period is continuing, the borrower is not required to make monthly deposits into the reserves. During the continuance of a cash sweep period, borrower is required to deliver to lender (a) 1/12th of the estimated annual taxes and insurance premiums, (b) 1/12th of the product of $0.25 multiplied by the total number of aggregate rentable square feet comprising all of the properties then subject to the lien of the security instruments for replacements, capital expenditures in accordance with approved annual budget, and repairs required to be made to the properties during the calendar year, and (c) 1/12th of the product of $1.00 multiplied by the total number of aggregate rentable square feet comprising all of the properties then subject to the lien of the security instruments for tenant improvements and leasing commissions. Upon the occurrence and during the continuance of a lease sweep period and provided no cash sweep period exists, borrower is required to reserve an amount equal to all cash flow attributable to any lease which caused the lease sweep event. | |
With regards to Loan No. 4, Westin Times Square Fee, the Westin Times Square Fee loan documents do not require ongoing monthly escrows for property taxes, insurance and FF&E reserves as long as (i) the Ground Lease requires the tenant thereunder to pay all property taxes, insurance and capital improvement items with respect to the Westin Times Square Fee property, (ii) the Ground Lease is in full force and effect, (iii) no event of default has occurred and is continuing and (iv) the borrower provides satisfactory evidence to the lender of payment of property taxes and insurance and that FF&E funds are reserved pursuant to the Westin Times Square management agreement. |
With regards to Loan No. 5, One California Plaza, the borrower is not required to make monthly deposits to the tax and insurance reserve account so long as a cash sweep period, as defined in the loan agreement, is not continuing. On each payment date during the continuation of a cash sweep period, the borrower is required to deposit into the tax and insurance reserve account on each payment date (a) 1/12th of the property taxes that the lender estimates will be payable during the ensuing 12 months or such higher amount necessary to accumulate with the lender sufficient funds to pay all such property taxes at least 30 days prior to the earlier of (i) the date that the same will become delinquent and (ii) the date that additional charges or interest will accrue due to the non-payment, and (b) except to the extent the lender has waived in writing the insurance escrow because the insurance required under the mortgage loan documents is maintained under a blanket insurance policy acceptable to the lender, 1/12th of the insurance premiums that the lender estimates will be payable during the ensuing 12 months for the renewal of the applicable insurance or such higher amount necessary to pay all such insurance premiums at least 30 days prior to the expiration of the policies. | |
With regards to Loan No. 6, Lehigh Valley Mall, the borrower is not required to make monthly deposits to the tax and insurance reserve account so long as a DSCR reserve trigger period or occupancy trigger period, as defined in the loan agreement, has not occurred and is not continuing. The borrower is required to pay the lender, on each scheduled payment date, 1/12th of the taxes and other charges that the lender reasonably estimates will be payable in respect of the property during the ensuing 12 months in order to accumulate sufficient funds to pay all such taxes and other charges at least 30 days prior to the respective due dates. The borrower is required to pay the lender on each scheduled payment date, 1/12th of the insurance premiums that the lender reasonably estimates will be payable for the renewal of the applicable insurance in order to pay all such insurance premiums at least 30 days prior to the expiration of the policies. | |
With respect to Loan No. 7, The Standard Highline NYC, if the property manager or any replacement property manager is not directly paying the real estate taxes pursuant to The Standard Highline NYC Whole Loan documents, the borrower is required to escrow 1/12th of the annual estimated tax payments to the taxes reserve account. If the property manager or any replacement property manager is directly paying the insurance premiums for all coverages required pursuant to The Standard Highline NYC Whole Loan documents, the borrower is not required to escrow 1/12th of the annual estimated insurance payments to the insurance reserve account. If the existing management agreement is terminated or a replacement management agreement is not in place that adequately reserves for furniture, fixtures, and equipment, the borrower is required to escrow an amount equal to 1/12th of 3% of gross income from operations for the previous calendar year to the FF&E reserve account. In terms of Façade Remediation Reserve, the borrower is required to escrow an amount equal to $231,158 on each payment date occurring in December 2017, January 2018 and May 2018. Additionally, the borrower is required to escrow an amount equal to $115,579 on each payment date occurring from June 2018 - November 2018; provided, however, if available cash on any payment date is insufficient to make the full monthly payment into the Façade Remediation Reserve, any shortfall will be added to the monthly amount to be collected on the subsequent payment date. Upon approval of the façade report by lender, lender will be required to increase or decrease the monthly payment deposit required above to reflect a new monthly deposit amount such that 110% of the budgeted amount set forth in the façade report will be deposited in the normal course by the December 2018 payment date. In terms of Seasonal Reserve, On December 5, 2017, the borrower is required to deposit $980,986 into the Seasonal Reserve. On each payment date occurring in each of the months of May through January inclusive, monthly 1/9th of the amount (“Shortfall Amount”) by which (i) the total amount of all debt service, reserves and all other amounts due and payable to lender under the loan documents on the payment dates in the prior February, March and April months, exceeded (ii) the total amount of the rents deposited for such payment dates in the prior February, March and April months, if DSCR is less than 1.70x on any April payment date. If DSCR is not less than 1.70x on any April payment date, the borrower is only required to make a single deposit of the Shortfall Amount on the following December payment date. | |
With respect to Loan No. 8, Centre 425 Bellevue, the monthly CapEx reserve deposit amount equal to $2,974 will commence on the payment date in 37th payment date and continue on each payment date thereafter. | |
With regards to Loan No. 9, 379 West Broadway, the borrower is not required to make monthly deposits to the tax and insurance reserve account so long as a cash sweep period, as defined in the loan agreement, is not continuing. The borrower is required to pay the lender, while a cash sweep period shall exist, on each payment date (i) 1/12th of the taxes and other charges that the lender estimates will be payable during the ensuing 12 months in order to pay all such taxes and other charges at least 30 days prior to the respective due dates; provided that if the lender determines that such amounts are not sufficient, the borrower will be required to make a payment equal to the amount determined by the lender to pay the taxes and other charges, within five days of the lender’s request; and (ii) 1/12th of the insurance premiums that the lender estimates will be payable for the renewal of the applicable insurance policies at least 30 days prior to the expiration of the policies; provided that if the lender determines that such amounts are not be sufficient, the borrower will be required to make a payment equal to the amount determined by the lender to pay the insurance premium, within five days of the lender’s request. | |
With respect to Loan No. 10, 600 Vine, the borrower is also required to escrow monthly $36,181 into TI/LC reserve (the “Required Deposit”) and $24,121 into TI/LC reserve (the “Regular Deposit”, together with the Required Deposit, the “Ongoing TI/LC Reserve”). The Ongoing TI/LC Reserve, together with $4,500,000 upfront TI/LC reserve, is subject to a reserve cap in an amount of $3,000,000 and a reserve floor in an amount of $1,000,000. As a result, at the origination of the 600 Vine Mortgage Loan, no monthly Ongoing TI/LC Reserve is required to be deposited. In addition, on each payment date through and including the payment date occurring in September, 2020, the applicable amount ranging from $62,885 to $87,450 as described in the 600 Vine Whole Loan documents (the “Special TI/LC Reserve”) is required to be deposited. The collection of Special TI/LC Reserve is not subject to the cap or floor. | |
With respect to Loan No. 11, 300 Montgomery, during the Cash Management Period, as defined in the loan agreement, the borrower is required to pay lender on each payment date, (i) an amount initially equal to $3,857 of capital expense reserve and (iv) an amount equal to $16,070 of TI/LC reserve. | |
With respect to Loan No. 16, Rockside Office Portfolio, with respect to the tax reserve, monthly deposits are waived as long as there is no transfer or assumption of the loan. With respect to the insurance reserve, monthly deposits are waived as long as (i) there is no transfer or assumption of the loan and (ii) a blanket insurance policy providing coverage for the mortgaged property is in place. With respect to the TI/LC reserve, monthly deposits of the leasing reserve are waived as long as there is no transfer or assumption of the loan. | |
With respect to Loan No. 18, 701 East 22nd Street, with respect to the insurance reserve, monthly payments are waived as long as a blanket insurance policy is in place. With respect to the TI/LC reserve, monthly payments are not required unless the balance of the reserve falls below at $450,000. Upon the TI/LC reserve balance falling below $450,000 monthly deposits of $14,508 monthly will be required. | |
With respect to Loan No. 19, 237 East Fordham Road, the monthly TI/LC reserve deposit in an amount equal to $3,000 will commence on the payment date occurring in December 2021 and continue on each payment date thereafter. | |
With respect to Loan No. 27, Southern Woods, with respect to the replacement reserve, monthly reserve payments are waived unless the balance in the account falls below $100,000. Upon falling below the cap, monthly reserve payments of $2,167 will commence. | |
(22) | Represents the amount deposited by the borrower at origination. All or a portion of this amount may have been released pursuant to the terms of the related loan documents. |
(23) | Represents a cap on the amount required to be deposited by the borrower pursuant to the related mortgage loan documents. In certain cases, during the term of the mortgage loan, the caps may be altered or terminated subject to conditions of the respective mortgage loan documents. |
(24) | With respect to Loan No. 3, Yorkshire & Lexington Towers, a Holdback Reserve in the amount of $4,102,064 was escrowed at origination. As of October 24, 2017, one disbursement in the amount of $1,540,192 was made to the borrower from the Holdback Reserve account. If no event of default exists, then at any time the amounts in the Holdback Reserve account exceed an amount equal to five times the difference of (x) $38,000,000 and (y) gross income from operations of the Mortgaged Properties (the “Threshold Amount”), then all amounts on deposit in the Holdback Reserve account in excess of the Threshold Amount will be (i) during the continuation of a cash management trigger event, transferred to the cash management account, or (ii) in the absence of a cash management trigger event, returned to the borrower. Upon the full repayment of the Yorkshire & Lexington Towers Whole Loan or a defeasance in full, the reserve will be applied first to the Mezzanine A Loan, then, if the Mezzanine A Loan has been repaid in full, to the Mezzanine B Loan, and finally, if both Mezzanine loans have been repaid in full, to the borrower. |
(25) | With regards to Loan No. 1, Park Center Phase I, the borrower obtained environmental insurance for the property with an annual premium of $6,020. |
With regards to Loan No. 4, Westin Times Square Fee, the borrower has environmental liability coverage through January 1, 2020. | |
(26) | Certain of the mortgage loans permit direct or indirect owners in the borrower to incur future mezzanine financing. |
Loan No. | Mortgage Loan | Mortgage Loan Cut-off Date Balance | % of Initial Outstanding Pool Balance | Intercreditor Agreement | Combined Minimum DSCR | Combined Maximum LTV | Combined Debt Yield |
7 | The Standard Highline-NYC | $45,000,000 | 5.30% | Yes | 1.50x | 75% | NAP |
11 | 300 Montgomery | $66,000,000 | 3.50% | Yes | 1.50x | 80% | NAP |
(27) | Other Items: |
With respect to Loan No. 7, The Standard Highline NYC, the borrower, GC SHL, LLC, is the sole party liable for any breach or violation of the non-recourse carveout provisions in the loan documents. | |
With respect to Loan No. 10, 600 Vine, the 600 Vine Whole Loan amortizes based on a non-standard amortization schedule as set forth on Annex G to the preliminary prospectus and the UW NOI DSCR (P&I), UW NOI DSCR (IO), UW NCF DSCR (P&I) and UW NCF DSCR (IO) are calculated based on the aggregate of the twelve-month debt service payments commencing October 2026. Based on the aggregate of the twelve-month debt service payments commencing November 2017, the UW NCF DSCR is 2.04x and based on the average debt service over the remaining term of the loan, the UW NCF DSCR is 1.61x. Additionally, the 600 Vine total debt amortizes based on a non-standard amortization schedule as set forth on Annex G to the preliminary prospectus and the Total Debt UW NCF DSCR is calculated based on the aggregate of the twelve-month debt service payments commencing October 2026. | |
With respect to Loan No. 13, 333 North Bedford, the tenants, Grand Prix New York Racing, LLC, Safe Havens Partners, LLC and Safe Haven Auto Storage, LLC occupying 267,973 SF, representing 43.8% of the net rentable SF, are related to the sponsor. | |
With respect to Loan No. 15, Totowa Commerce Center, Original Balance, Cut-off Date Balance and Maturity/ARD Balance are allocated to the underlying Mortgaged Properties based on UW NOI. |