| | | | | | | | | |
| | | | | | | | Number of | Property |
Loan # | Seller(1) | Property Name | Street Address | City | State | Zip Code | County | Properties | Type |
1 | CREFI | Central Park of Lisle | 4225 Naperville Road & 3333 Warrenville Road | Lisle | IL | 60532 | DuPage | 1 | Office |
2 | JPMCB | Promenade Shops at Aventura | 20401 Biscayne Boulevard | Aventura | FL | 33180 | Miami-Dade | 1 | Retail |
3 | GACC | Apple Campus 3 | 222 North Wolfe Road | Sunnyvale | CA | 94085 | Santa Clara | 1 | Office |
4 | JPMCB | EOS 21 | 140 South Van Dorn Street | Alexandria | VA | 22304 | Alexandria City | 1 | Multifamily |
5 | GACC | Rochester Hotel Portfolio | Various | Rochester | MN | Various | Olmsted | 4 | Hotel |
5.01 | GACC | Rochester Marriott | 101 1st Avenue Southwest | Rochester | MN | 55902 | Olmsted | 1 | Hotel |
5.02 | GACC | Kahler Grand | 20 2nd Avenue Southwest | Rochester | MN | 55902 | Olmsted | 1 | Hotel |
5.03 | GACC | Kahler Inn & Suites | 9 3rd Avenue Northwest | Rochester | MN | 55901 | Olmsted | 1 | Hotel |
5.04 | GACC | Residence Inn Rochester | 441 West Center Street | Rochester | MN | 55902 | Olmsted | 1 | Hotel |
6 | GACC | InterContinental San Francisco | 888 Howard Street | San Francisco | CA | 94103 | San Francisco | 1 | Hotel |
7 | GACC | Sentinel Square II | 1050 First Street Northeast | Washington | DC | 20002 | District of Columbia | 1 | Office |
8 | CREFI | The Woods | 4300 The Woods Drive | San Jose | CA | 95136 | Santa Clara | 1 | Multifamily |
9 | JPMCB | 600 Clipper | 600 Clipper Drive | Belmont | CA | 94002 | San Mateo | 1 | Office |
10 | GACC | Worldwide Plaza | 825 Eighth Avenue | New York | NY | 10019 | New York | 1 | Office |
11 | CREFI | 64 Wooster Street | 64 Wooster Street | New York | NY | 10012 | New York | 1 | Mixed Use |
12 | GACC | Hotel Indigo & Austin | 810 Red River Street & 805 Neches Street | Austin | TX | 78701 | Travis | 1 | Hotel |
13 | CREFI | Braddock Metro Center | 1320-1340 Braddock Place | Alexandria | VA | 22314 | Alexandria City | 1 | Office |
14 | CREFI | BlueLinx Portfolio | Various | Various | Various | Various | Various | 4 | Industrial |
14.01 | CREFI | BlueLinx Frederick | 4300 Georgia Pacific Boulevard | Frederick | MD | 21704 | Frederick | 1 | Industrial |
14.02 | CREFI | BlueLinx Bellingham | 419 Maple Street | Bellingham | MA | 02019 | Norfolk | 1 | Industrial |
14.03 | CREFI | BlueLinx Lawrenceville | 200 Hosea Road | Lawrenceville | GA | 30046 | Gwinnett | 1 | Industrial |
14.04 | CREFI | BlueLinx Butner | 1712 East D Street | Butner | NC | 27509 | Granville | 1 | Industrial |
15 | GACC | Marina Heights State Farm | 300-600 East Rio Salado Parkway | Tempe | AZ | 85281 | Maricopa | 1 | Office |
16 | CREFI | Red Building | 750 North San Vicente Boulevard | West Hollywood | CA | 90069 | Los Angeles | 1 | Office |
17 | JPMCB | 599 Broadway | 599 Broadway | New York | NY | 10012 | New York | 1 | Retail |
18 | JPMCB | Lehigh Valley Mall | 250 Lehigh Valley Mall | Whitehall | PA | 18052 | Lehigh | 1 | Retail |
19 | JPMCB | Atrium Center | 300 Boylston Street | Chestnut Hill | MA | 02467 | Middlesex | 1 | Mixed Use |
20 | GACC | Signature Place Condominiums | 600 West Grove Parkway | Tempe | AZ | 85283 | Maricopa | 1 | Multifamily |
21 | JPMCB | 90 Hudson | 90 Hudson Street | Jersey City | NJ | 07302 | Hudson | 1 | Office |
22 | JPMCB | Marriott Charlotte City Center | 100 West Trade Street | Charlotte | NC | 28202 | Mecklenburg | 1 | Hotel |
23 | GACC | Two Harbor Point Square | 100 Washington Boulevard | Stamford | CT | 06902 | Fairfield | 1 | Office |
24 | CREFI | One Parkway North Fee | One Parkway North Boulevard | Deerfield | IL | 60015 | Lake | 1 | Other |
25 | CREFI | Village Green of Waterford | 950 Village Green Lane | Waterford | MI | 48328 | Oakland | 1 | Multifamily |
26 | GACC | Gateway Plaza | 25350-25360 Magic Mountain Parkway | Santa Clarita | CA | 91355 | Los Angeles | 1 | Office |
27 | CREFI | 32 East Shopping Center | 700 Eastgate Drive South | Cincinnati | OH | 45245 | Clermont | 1 | Retail |
28 | CREFI | Hilton Garden Inn - Atlanta Airport North | 3437 Bobby Brown Parkway | East Point | GA | 30344 | Fulton | 1 | Hotel |
29 | GACC | 220 Northwest 8th Avenue | 220 Northwest 8th Avenue | Portland | OR | 97209 | Multnomah | 1 | Office |
30 | GACC | Corporate Plaza | 6450 & 6480 Rockside Woods Boulevard | Independence | OH | 44131 | Cuyahoga | 1 | Office |
31 | JPMCB | Residence Inn Augusta | 1116 Marks Church Road | Augusta | GA | 30909 | Richmond | 1 | Hotel |
32 | JPMCB | Towers at University Town Center | 6515 Belcrest Road | Hyattsville | MD | 20782 | Prince Georges | 1 | Multifamily |
33 | GACC | Fairfield Portfolio | Various | Various | NC | Various | Various | 2 | Hotel |
33.01 | GACC | Fairfield Inn & Suites - Greensboro | 4308 Big Tree Way | Greensboro | NC | 27409 | Guilford | 1 | Hotel |
33.02 | GACC | Fairfield Inn & Suites - High Point | 10141 North Main Street | Archdale | NC | 27263 | Randolph | 1 | Hotel |
34 | GACC | Sabre Center II | 6001 Broken Sound Parkway Northwest | Boca Raton | FL | 33487 | Palm Beach | 1 | Office |
35 | JPMCB | Beacon - Criterion | 100 Clifton Place | Jersey City | NJ | 07304 | Hudson | 1 | Multifamily |
36 | CREFI | Holiday Inn Express New Orleans | 334 O’Keefe Avenue | New Orleans | LA | 70112 | Orleans | 1 | Hotel |
37 | JPMCB | Lost Tree Financial Center | 11300 US Highway 1 | Palm Beach Gardens | FL | 33408 | Palm Beach | 1 | Office |
38 | GACC | Coral Club Apartments | 5909 Fondren Road | Houston | TX | 77036 | Harris | 1 | Multifamily |
39 | JPMCB | Beacon - Hague | 88 Clifton Place | Jersey City | NJ | 07304 | Hudson | 1 | Multifamily |
40 | CREFI | Sam’s Club Atlanta | 2901 Clairmont Road | Atlanta | GA | 30329 | DeKalb | 1 | Retail |
41 | CREFI | Marshall’s Plaza | 1400 Oaklawn Avenue | Cranston | RI | 02920 | Providence | 1 | Retail |
42 | JPMCB | Beacon - Paramount | 126 Clifton Place | Jersey City | NJ | 07304 | Hudson | 1 | Multifamily |
43 | JPMCB | Hampton Inn Albuquerque University | 2300 Carlisle Boulevard Northeast | Albuquerque | NM | 87110 | Bernalillo | 1 | Hotel |
44 | GACC | 564 6th Street | 564 6th Street | San Francisco | CA | 94103 | San Francisco | 1 | Office |
45 | GACC | Homewood Commons | 146 Wildwood Parkway | Homewood | AL | 35209 | Jefferson | 1 | Retail |
46 | JPMCB | Beacon - Mercury / Garage | 20 Beacon Way and 44 Beacon Place | Jersey City | NJ | 07304 | Hudson | 1 | Multifamily |
47 | GACC | Centre Point Plaza | 1229-1271 North Brightleaf Boulevard | Smithfield | NC | 27577 | Johnston | 1 | Retail |
48 | CREFI | Amsdell Georgia Portfolio | Various | Various | GA | Various | Various | 3 | Self Storage |
48.01 | CREFI | Compass Self Storage Conyers | 1144 Sigman Road Northeast | Conyers | GA | 30012 | Rockdale | 1 | Self Storage |
48.02 | CREFI | McDonough-Henry Self Storage | 230 McDonough Parkway | McDonough | GA | 30253 | Henry | 1 | Self Storage |
48.03 | CREFI | American Self Storage Center | 3464 Stone Mountain Highway | Snellville | GA | 30078 | Gwinnett | 1 | Self Storage |
49 | JPMCB | Beacon - Orpheum | 24 Beacon Way | Jersey City | NJ | 07304 | Hudson | 1 | Multifamily |
50 | GACC | Four Points Nashville Airport | 800 Royal Parkway | Nashville | TN | 37214 | Davidson | 1 | Hotel |
51 | GACC | Nelson Duffie Mobile Home Parks | Various | Various | TX | Various | Various | 2 | Manufactured Housing |
51.01 | GACC | Riverside Mobile Home Park | 7275 State Highway 29 East | Georgetown | TX | 78626 | Williamson | 1 | Manufactured Housing |
51.02 | GACC | Oaks Mobile Home Park | 1011 Uhland Road | San Marcos | TX | 78666 | Hays | 1 | Manufactured Housing |
52 | GACC | Steeplechase Plaza | 8585 Southwest Highway 200 | Ocala | FL | 34481 | Marion | 1 | Retail |
53 | JPMCB | Beacon - Tower | 56 Beacon Place | Jersey City | NJ | 07304 | Hudson | 1 | Multifamily |
54 | JPMCB | Holiday Inn Express Glenwood Springs Aspen Area | 501 West 1st Street | Glenwood Springs | CO | 81601 | Garfield | 1 | Hotel |
55 | CREFI | 5657 Copley Drive | 5657 Copley Drive | San Diego | CA | 92111 | San Diego | 1 | Office |
56 | CREFI | WAG Lawrenceville | 2365 Buford Drive | Lawrenceville | GA | 30043 | Gwinnett | 1 | Retail |
57 | CREFI | Rite Aid Johnstown | 300 Market Street | Johnstown | PA | 15901 | Cambria | 1 | Retail |
| | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | Original | | Current | |
| | | Property | | Year | | Unit of | | Occupancy | Appraised | Appraisal | Current | Original | Balance | Current | Balance | % of Initial |
Loan # | Seller(1) | Property Name | Subtype | Year Built | Renovated | Units(2) | Measure | Occupancy %(3) | Date | Value ($)(4) | Date | LTV %(4) | Balance ($)(5)(6) | per Unit ($) | Balance ($)(5)(6) | per Unit ($) | Pool Balance |
1 | CREFI | Central Park of Lisle | Suburban | 1991, 2001 | 2015 | 693,606 | Square Feet | 84.2% | 10/18/17 | 135,000,000 | 11/03/17 | 58.9% | 79,500,000 | 115 | 79,500,000 | 115 | 5.3% |
2 | JPMCB | Promenade Shops at Aventura | Anchored | 1989 | | 291,834 | Square Feet | 99.2% | 12/08/17 | 108,250,000 | 12/01/17 | 64.7% | 70,000,000 | 240 | 70,000,000 | 240 | 4.6% |
3 | GACC | Apple Campus 3 | Suburban | 2017 | | 882,657 | Square Feet | 100.0% | 02/06/18 | 773,600,000 | 06/01/19 | 44.0% | 68,000,000 | 385 | 68,000,000 | 385 | 4.5% |
4 | JPMCB | EOS 21 | Mid-Rise | 1963, 1967 | 2012 | 1,180 | Units | 97.3% | 09/30/17 | 231,400,000 | 11/21/17 | 64.8% | 60,000,000 | 127,119 | 60,000,000 | 127,119 | 4.0% |
5 | GACC | Rochester Hotel Portfolio | Various | Various | Various | 1,222 | Rooms | 58.4% | 10/31/17 | 210,000,000 | 11/01/17 | 66.7% | 60,000,000 | 114,566 | 60,000,000 | 114,566 | 4.0% |
5.01 | GACC | Rochester Marriott | Full Service | 1989 | 2016 | 202 | Rooms | 71.0% | 10/31/17 | 71,000,000 | 11/01/17 | | 22,821,429 | | 22,821,429 | | 1.5% |
5.02 | GACC | Kahler Grand | Full Service | 1926-1968 | 2010 | 660 | Rooms | 49.4% | 10/31/17 | 83,000,000 | 11/01/17 | | 21,642,857 | | 21,642,857 | | 1.4% |
5.03 | GACC | Kahler Inn & Suites | Select Service | 1971, 1979, 1988 | 2010 | 271 | Rooms | 65.9% | 10/31/17 | 35,000,000 | 11/01/17 | | 9,107,143 | | 9,107,143 | | 0.6% |
5.04 | GACC | Residence Inn Rochester | Extended Stay | 2004 | 2013 | 89 | Rooms | 73.6% | 10/31/17 | 21,000,000 | 11/01/17 | | 6,428,571 | | 6,428,571 | | 0.4% |
6 | GACC | InterContinental San Francisco | Full Service | 2008 | 2017-2018 | 550 | Rooms | 87.0% | 10/31/17 | 261,900,000 | 07/17/17 | 41.9% | 60,000,000 | 200,000 | 59,922,671 | 199,742 | 4.0% |
7 | GACC | Sentinel Square II | CBD | 2017 | | 280,363 | Square Feet | 94.1% | 12/31/17 | 172,000,000 | 04/01/19 | 59.7% | 57,660,000 | 366 | 57,660,000 | 366 | 3.8% |
8 | CREFI | The Woods | Garden | 1981-2003 | 2017 | 1,841 | Units | 94.7% | 10/01/17 | 675,500,000 | 10/10/17 | 29.6% | 57,500,000 | 108,637 | 57,500,000 | 108,637 | 3.8% |
9 | JPMCB | 600 Clipper | Suburban | 1995, 2000 | 2017 | 158,596 | Square Feet | 100.0% | 02/01/18 | 94,020,000 | 11/13/17 | 57.8% | 54,300,000 | 342 | 54,300,000 | 342 | 3.6% |
10 | GACC | Worldwide Plaza | CBD | 1987 | 1996 | 2,049,553 | Square Feet | 98.4% | 06/30/17 | 1,740,000,000 | 10/01/17 | 35.4% | 50,000,000 | 301 | 50,000,000 | 301 | 3.3% |
11 | CREFI | 64 Wooster Street | Office/Retail | 1900 | 2014 | 55,500 | Square Feet | 100.0% | 12/13/17 | 80,000,000 | 11/01/17 | 60.0% | 48,000,000 | 865 | 48,000,000 | 865 | 3.2% |
12 | GACC | Hotel Indigo & Austin | Select Service | 2016 | | 305 | Rooms | 64.2% | 10/31/17 | 66,000,000 | 04/25/18 | 68.2% | 45,000,000 | 147,541 | 45,000,000 | 147,541 | 3.0% |
13 | CREFI | Braddock Metro Center | Suburban | 1986 | | 315,589 | Square Feet | 92.4% | 11/01/17 | 111,140,000 | 11/03/17 | 66.8% | 44,200,000 | 235 | 44,200,000 | 235 | 2.9% |
14 | CREFI | BlueLinx Portfolio | Warehouse/Distribution | Various | Various | 2,307,835 | Square Feet | 100.0% | 02/06/18 | 111,450,000 | Various | 64.2% | 42,900,000 | 31 | 42,900,000 | 31 | 2.8% |
14.01 | CREFI | BlueLinx Frederick | Warehouse/Distribution | 1996 | | 680,252 | Square Feet | 100.0% | 02/06/18 | 38,000,000 | 12/21/17 | | 14,820,000 | | 14,820,000 | | 1.0% |
14.02 | CREFI | BlueLinx Bellingham | Warehouse/Distribution | 1988 | 2006 | 489,950 | Square Feet | 100.0% | 02/06/18 | 36,900,000 | 12/20/17 | | 13,991,250 | | 13,991,250 | | 0.9% |
14.03 | CREFI | BlueLinx Lawrenceville | Warehouse/Distribution | 1996 | | 585,637 | Square Feet | 100.0% | 02/06/18 | 22,400,000 | 12/21/17 | | 8,580,000 | | 8,580,000 | | 0.6% |
14.04 | CREFI | BlueLinx Butner | Warehouse/Distribution | 1996 | | 551,996 | Square Feet | 100.0% | 02/06/18 | 14,150,000 | 12/20/17 | | 5,508,750 | | 5,508,750 | | 0.4% |
15 | GACC | Marina Heights State Farm | Suburban | 2015-2017 | | 2,031,293 | Square Feet | 99.5% | 12/07/17 | 960,000,000 | 11/20/17 | 58.3% | 41,000,000 | 276 | 41,000,000 | 276 | 2.7% |
16 | CREFI | Red Building | CBD | 2013 | | 411,547 | Square Feet | 74.3% | 12/18/17 | 286,700,000 | 10/27/17 | 27.9% | 40,000,000 | 194 | 40,000,000 | 194 | 2.7% |
17 | JPMCB | 599 Broadway | Unanchored | 1917 | 2010 | 42,000 | Square Feet | 100.0% | 02/01/18 | 150,000,000 | 12/06/17 | 50.0% | 40,000,000 | 1,786 | 40,000,000 | 1,786 | 2.7% |
18 | JPMCB | Lehigh Valley Mall | Super Regional Mall | 1976 | 2006 | 545,233 | Square Feet | 83.9% | 10/12/17 | 445,000,000 | 09/04/17 | 44.8% | 35,500,000 | 367 | 35,355,560 | 365 | 2.3% |
19 | JPMCB | Atrium Center | Office/Retail | 1986 | 2017 | 293,120 | Square Feet | 100.0% | 12/01/17 | 215,000,000 | 09/08/17 | 53.5% | 35,000,000 | 392 | 35,000,000 | 392 | 2.3% |
20 | GACC | Signature Place Condominiums | Garden | 1996 | 2016 | 300 | Units | 95.3% | 12/31/17 | 48,000,000 | 11/02/17 | 63.5% | 30,500,000 | 101,667 | 30,500,000 | 101,667 | 2.0% |
21 | JPMCB | 90 Hudson | CBD | 1999 | | 431,658 | Square Feet | 97.5% | 09/01/17 | 216,000,000 | 08/25/17 | 60.2% | 30,000,000 | 301 | 30,000,000 | 301 | 2.0% |
22 | JPMCB | Marriott Charlotte City Center | Full Service | 1984 | 2016 | 446 | Rooms | 73.0% | 11/30/17 | 170,000,000 | 05/01/17 | 60.6% | 30,000,000 | 230,942 | 30,000,000 | 230,942 | 2.0% |
23 | GACC | Two Harbor Point Square | CBD | 2010 | | 140,082 | Square Feet | 94.3% | 09/01/17 | 80,000,000 | 10/06/17 | 61.9% | 24,750,000 | 353 | 24,750,000 | 353 | 1.6% |
24 | CREFI | One Parkway North Fee | Leased Fee | 1988 | 2014-2017 | 257,394 | Square Feet | NAP | NAP | 33,000,000 | 12/05/17 | 74.2% | 24,500,000 | 95 | 24,500,000 | 95 | 1.6% |
25 | CREFI | Village Green of Waterford | Garden | 1974 | 2014 | 405 | Units | 96.8% | 11/30/17 | 32,800,000 | 11/21/19 | 72.0% | 23,600,000 | 58,272 | 23,600,000 | 58,272 | 1.6% |
26 | GACC | Gateway Plaza | Suburban | 2006 | | 98,856 | Square Feet | 91.8% | 11/29/17 | 33,200,000 | 11/02/17 | 70.8% | 23,500,000 | 238 | 23,500,000 | 238 | 1.6% |
27 | CREFI | 32 East Shopping Center | Anchored | 1990 | 2017 | 188,912 | Square Feet | 100.0% | 01/01/18 | 29,500,000 | 11/25/17 | 72.9% | 21,500,000 | 114 | 21,500,000 | 114 | 1.4% |
28 | CREFI | Hilton Garden Inn - Atlanta Airport North | Full Service | 2009 | 2016 | 174 | Rooms | 80.2% | 11/30/17 | 30,000,000 | 10/09/17 | 66.6% | 20,000,000 | 114,943 | 19,967,553 | 114,756 | 1.3% |
29 | GACC | 220 Northwest 8th Avenue | CBD | 1901 | 2012-2017 | 66,935 | Square Feet | 100.0% | 02/06/18 | 30,800,000 | 01/01/18 | 63.3% | 19,500,000 | 291 | 19,500,000 | 291 | 1.3% |
30 | GACC | Corporate Plaza | Suburban | 1989, 1991 | 2013-2015 | 228,506 | Square Feet | 86.4% | 12/04/17 | 24,750,000 | 10/10/17 | 72.7% | 18,000,000 | 79 | 18,000,000 | 79 | 1.2% |
31 | JPMCB | Residence Inn Augusta | Extended Stay | 2015 | | 124 | Rooms | 79.0% | 11/30/17 | 26,200,000 | 01/01/18 | 66.8% | 17,500,000 | 141,129 | 17,500,000 | 141,129 | 1.2% |
32 | JPMCB | Towers at University Town Center | Student | 2006 | | 910 | Beds | 99.2% | 10/05/17 | 72,500,000 | 11/13/17 | 63.4% | 15,000,000 | 50,549 | 15,000,000 | 50,549 | 1.0% |
33 | GACC | Fairfield Portfolio | Limited Service | Various | Various | 172 | Rooms | 71.8% | 09/30/17 | 22,500,000 | 11/01/18 | 64.4% | 14,490,000 | 84,244 | 14,490,000 | 84,244 | 1.0% |
33.01 | GACC | Fairfield Inn & Suites - Greensboro | Limited Service | 2007 | 2015 | 98 | Rooms | 70.1% | 09/30/17 | 12,800,000 | 11/01/18 | | 8,680,000 | | 8,680,000 | | 0.6% |
33.02 | GACC | Fairfield Inn & Suites - High Point | Limited Service | 2004 | 2012 | 74 | Rooms | 74.0% | 09/30/17 | 9,700,000 | 11/01/18 | | 5,810,000 | | 5,810,000 | | 0.4% |
34 | GACC | Sabre Center II | Suburban | 1988 | 2014 | 103,229 | Square Feet | 91.5% | 11/01/17 | 18,900,000 | 11/15/17 | 71.4% | 13,500,000 | 131 | 13,500,000 | 131 | 0.9% |
35 | JPMCB | Beacon - Criterion | High-Rise | 1934 | 2015 | 271 | Units | 95.2% | 08/30/17 | 102,700,000 | 08/15/17 | 37.0% | 13,305,254.90 | 140,149 | 13,305,255 | 140,149 | 0.9% |
36 | CREFI | Holiday Inn Express New Orleans | Limited Service | 1999 | 2014-2015 | 129 | Rooms | 72.5% | 10/31/17 | 23,700,000 | 01/01/19 | 54.4% | 12,900,000 | 100,000 | 12,900,000 | 100,000 | 0.9% |
37 | JPMCB | Lost Tree Financial Center | Suburban | 1985 | 2017 | 57,167 | Square Feet | 93.9% | 12/14/17 | 17,200,000 | 12/08/17 | 72.7% | 12,500,000 | 219 | 12,500,000 | 219 | 0.8% |
38 | GACC | Coral Club Apartments | Garden | 1969 | 2017 | 220 | Units | 95.9% | 11/07/17 | 15,720,000 | 10/27/17 | 74.8% | 11,790,000 | 53,591 | 11,762,093 | 53,464 | 0.8% |
39 | JPMCB | Beacon - Hague | High-Rise | 1928 | 2016 | 241 | Units | 93.8% | 08/30/17 | 87,800,000 | 08/15/17 | 37.1% | 11,420,588.24 | 135,272 | 11,420,588 | 135,272 | 0.8% |
40 | CREFI | Sam’s Club Atlanta | Freestanding | 1999 | | 129,562 | Square Feet | 100.0% | 02/06/18 | 15,500,000 | 10/03/17 | 69.9% | 10,850,000 | 84 | 10,837,837 | 84 | 0.7% |
41 | CREFI | Marshall’s Plaza | Anchored | 1980 | 1992 | 129,941 | Square Feet | 95.4% | 12/04/17 | 15,800,000 | 12/10/17 | 68.2% | 10,775,000 | 83 | 10,775,000 | 83 | 0.7% |
42 | JPMCB | Beacon - Paramount | High-Rise | 1939 | 2013 | 231 | Units | 95.2% | 08/30/17 | 84,000,000 | 08/15/17 | 33.0% | 9,703,725.49 | 119,912 | 9,703,725 | 119,912 | 0.6% |
43 | JPMCB | Hampton Inn Albuquerque University | Limited Service | 1999 | | 126 | Rooms | 80.9% | 10/31/17 | 13,200,000 | 06/01/18 | 71.8% | 9,500,000 | 75,397 | 9,482,984 | 75,262 | 0.6% |
44 | GACC | 564 6th Street | CBD | 1929 | 2013 | 17,500 | Square Feet | 100.0% | 02/06/18 | 14,300,000 | 11/17/17 | 62.9% | 9,000,000 | 514 | 9,000,000 | 514 | 0.6% |
45 | GACC | Homewood Commons | Anchored | 1995 | | 174,791 | Square Feet | 91.4% | 11/14/17 | 12,350,000 | 10/30/17 | 68.8% | 8,500,000 | 49 | 8,500,000 | 49 | 0.6% |
46 | JPMCB | Beacon - Mercury / Garage | High-Rise | 1934, 2013 | 2012 | 126 | Units | 94.4% | 08/30/17 | 67,100,000 | 08/15/17 | 33.9% | 7,968,529.41 | 180,528 | 7,968,529 | 180,528 | 0.5% |
47 | GACC | Centre Point Plaza | Anchored | 1989 | | 159,259 | Square Feet | 98.1% | 12/07/17 | 10,950,000 | 01/13/17 | 72.1% | 8,000,000 | 50 | 7,898,390 | 50 | 0.5% |
48 | CREFI | Amsdell Georgia Portfolio | Self Storage | Various | | 170,010 | Square Feet | 80.3% | 12/01/17 | 10,300,000 | 11/06/17 | 74.8% | 7,700,000 | 45 | 7,700,000 | 45 | 0.5% |
48.01 | CREFI | Compass Self Storage Conyers | Self Storage | 1999 | | 39,200 | Square Feet | 88.8% | 12/01/17 | 4,250,000 | 11/06/17 | | 3,200,000 | | 3,200,000 | | 0.2% |
48.02 | CREFI | McDonough-Henry Self Storage | Self Storage | 2002 | | 72,130 | Square Feet | 77.8% | 12/01/17 | 3,800,000 | 11/06/17 | | 2,900,000 | | 2,900,000 | | 0.2% |
48.03 | CREFI | American Self Storage Center | Self Storage | 1985 | | 58,680 | Square Feet | 77.8% | 12/01/17 | 2,250,000 | 11/06/17 | | 1,600,000 | | 1,600,000 | | 0.1% |
49 | JPMCB | Beacon - Orpheum | High-Rise | 1930 | 2013 | 158 | Units | 93.7% | 08/30/17 | 58,800,000 | 08/15/17 | 36.0% | 7,417,019.61 | 134,001 | 7,417,020 | 134,001 | 0.5% |
50 | GACC | Four Points Nashville Airport | Select Service | 1999 | 2015 | 101 | Rooms | 71.4% | 09/30/17 | 12,200,000 | 08/17/17 | 58.6% | 7,160,000 | 70,891 | 7,144,426 | 70,737 | 0.5% |
51 | GACC | Nelson Duffie Mobile Home Parks | Manufactured Housing | Various | | 174 | Pads | 95.4% | 01/11/17 | 9,520,000 | 11/07/17 | 74.6% | 7,100,000 | 40,805 | 7,100,000 | 40,805 | 0.5% |
51.01 | GACC | Riverside Mobile Home Park | Manufactured Housing | 1980 | | 113 | Pads | 95.6% | 01/11/17 | 6,150,000 | 11/07/17 | | 4,600,000 | | 4,600,000 | | 0.3% |
51.02 | GACC | Oaks Mobile Home Park | Manufactured Housing | 1989 | | 61 | Pads | 95.1% | 01/11/17 | 3,370,000 | 11/07/17 | | 2,500,000 | | 2,500,000 | | 0.2% |
52 | GACC | Steeplechase Plaza | Anchored | 1993, 2017 | | 95,161 | Square Feet | 100.0% | 11/17/17 | 10,175,000 | 10/07/17 | 68.1% | 6,950,000 | 73 | 6,933,438 | 73 | 0.5% |
53 | JPMCB | Beacon - Tower | High-Rise | 1930 | 2014 | 128 | Units | 95.3% | 08/30/17 | 40,400,000 | 08/15/17 | 36.6% | 5,184,882.35 | 115,629 | 5,184,882 | 115,629 | 0.3% |
54 | JPMCB | Holiday Inn Express Glenwood Springs Aspen Area | Limited Service | 1998 | | 65 | Rooms | 67.9% | 10/31/17 | 7,150,000 | 10/01/18 | 59.7% | 4,280,000 | 65,846 | 4,271,107 | 65,709 | 0.3% |
55 | CREFI | 5657 Copley Drive | Suburban | 2007 | | 18,434 | Square Feet | 100.0% | 02/06/18 | 6,950,000 | 11/29/17 | 60.0% | 4,170,000 | 226 | 4,170,000 | 226 | 0.3% |
56 | CREFI | WAG Lawrenceville | Freestanding | 2001 | | 14,490 | Square Feet | 100.0% | 02/06/18 | 5,500,000 | 11/29/17 | 67.5% | 3,719,000 | 257 | 3,714,840 | 256 | 0.2% |
57 | CREFI | Rite Aid Johnstown | Freestanding | 2016 | | 11,115 | Square Feet | 100.0% | 02/06/18 | 4,900,000 | 12/01/17 | 54.7% | 2,678,000 | 241 | 2,678,000 | 241 | 0.2% |
| | | | | | | | | | | | | | |
| | | | | | | Net | | | | | | | |
| | | Crossed | Related | Interest | Admin. | Mortgage | | Monthly Debt | Annual Debt | | First | Partial IO | Partial IO Loan |
Loan # | Seller(1) | Property Name | Loan | Borrower(7) | Rate %(8) | Fee %(8) | Rate %(8) | Accrual Type | Service ($)(9)(10) | Service ($)(10) | Note Date | Payment Date | Last IO Payment | First P&I Payment |
1 | CREFI | Central Park of Lisle | No | No | 4.35360 | 0.01305 | 4.34055 | Actual/360 | 292,431.92 | 3,509,183.04 | 12/14/17 | 02/06/18 | | |
2 | JPMCB | Promenade Shops at Aventura | No | No | 4.66900 | 0.01305 | 4.65595 | Actual/360 | 361,743.33 | 4,340,919.96 | 01/10/18 | 03/01/18 | | |
3 | GACC | Apple Campus 3 | No | No | 3.364978 | 0.01050 | 3.35448 | Actual/360 | 193,330.45 | 2,319,965.40 | 12/14/17 | 02/06/18 | | |
4 | JPMCB | EOS 21 | No | No | 3.88000 | 0.01805 | 3.86195 | Actual/360 | 196,694.44 | 2,360,333.28 | 11/30/17 | 01/01/18 | | |
5 | GACC | Rochester Hotel Portfolio | No | No | 4.74100 | 0.01305 | 4.72795 | Actual/360 | 341,759.90 | 4,101,118.80 | 11/06/17 | 12/06/17 | 11/06/20 | 12/06/20 |
5.01 | GACC | Rochester Marriott | | | | | | | | | | | | |
5.02 | GACC | Kahler Grand | | | | | | | | | | | | |
5.03 | GACC | Kahler Inn & Suites | | | | | | | | | | | | |
5.04 | GACC | Residence Inn Rochester | | | | | | | | | | | | |
6 | GACC | InterContinental San Francisco | No | No | 4.14500 | 0.01305 | 4.13195 | Actual/360 | 291,487.46 | 3,497,849.52 | 12/22/17 | 02/06/18 | | |
7 | GACC | Sentinel Square II | No | No | 3.24200 | 0.01305 | 3.22895 | Actual/360 | 157,941.68 | 1,895,300.16 | 12/29/17 | 02/06/18 | | |
8 | CREFI | The Woods | No | No | 2.94050 | 0.02800 | 2.91250 | Actual/360 | 142,855.89 | 1,714,270.68 | 12/01/17 | 01/06/18 | | |
9 | JPMCB | 600 Clipper | No | No | 3.71700 | 0.01305 | 3.70395 | Actual/360 | 170,530.28 | 2,046,363.36 | 12/28/17 | 02/01/18 | | |
10 | GACC | Worldwide Plaza | No | No | 3.6045425532 | 0.00925 | 3.59529 | Actual/360 | 152,275.24 | 1,827,302.88 | 10/18/17 | 12/06/17 | | |
11 | CREFI | 64 Wooster Street | No | No | 4.39000 | 0.01305 | 4.37695 | Actual/360 | 178,038.89 | 2,136,466.68 | 12/13/17 | 02/06/18 | | |
12 | GACC | Hotel Indigo & Austin | No | No | 4.92000 | 0.01305 | 4.90695 | Actual/360 | 239,374.36 | 2,872,492.32 | 08/01/17 | 09/01/17 | 08/01/19 | 09/01/19 |
13 | CREFI | Braddock Metro Center | No | Yes - Group 1 | 4.57000 | 0.01305 | 4.55695 | Actual/360 | 225,797.04 | 2,709,564.48 | 01/19/18 | 03/06/18 | 02/06/23 | 03/06/23 |
14 | CREFI | BlueLinx Portfolio | No | No | 4.47000 | 0.01305 | 4.45695 | Actual/360 | 162,021.98 | 1,944,263.76 | 01/10/18 | 03/06/18 | | |
14.01 | CREFI | BlueLinx Frederick | | | | | | | | | | | | |
14.02 | CREFI | BlueLinx Bellingham | | | | | | | | | | | | |
14.03 | CREFI | BlueLinx Lawrenceville | | | | | | | | | | | | |
14.04 | CREFI | BlueLinx Butner | | | | | | | | | | | | |
15 | GACC | Marina Heights State Farm | No | No | 3.55950 | 0.00925 | 3.55025 | Actual/360 | 123,305.36 | 1,479,664.32 | 12/07/17 | 02/06/18 | | |
16 | CREFI | Red Building | No | No | 4.385825 | 0.01305 | 4.37278 | Actual/360 | 148,224.64 | 1,778,695.68 | 12/18/17 | 02/06/18 | | |
17 | JPMCB | 599 Broadway | No | No | 4.11800 | 0.01305 | 4.10495 | Actual/360 | 139,173.15 | 1,670,077.80 | 01/19/18 | 03/01/18 | | |
18 | JPMCB | Lehigh Valley Mall | No | No | 4.05600 | 0.01050 | 4.04550 | Actual/360 | 170,630.54 | 2,047,566.48 | 10/13/17 | 12/01/17 | | |
19 | JPMCB | Atrium Center | No | No | 3.90000 | 0.02050 | 3.87950 | Actual/360 | 115,329.86 | 1,383,958.32 | 12/15/17 | 02/01/18 | | |
20 | GACC | Signature Place Condominiums | No | No | 4.45000 | 0.01305 | 4.43695 | Actual/360 | 153,634.22 | 1,843,610.64 | 12/14/17 | 02/06/18 | 01/06/22 | 02/06/22 |
21 | JPMCB | 90 Hudson | No | No | 4.14000 | 0.01050 | 4.12950 | Actual/360 | 104,937.50 | 1,259,250.00 | 10/17/17 | 12/01/17 | | |
22 | JPMCB | Marriott Charlotte City Center | No | No | 4.53000 | 0.01050 | 4.51950 | Actual/360 | 114,822.92 | 1,377,875.04 | 06/01/17 | 07/01/17 | | |
23 | GACC | Two Harbor Point Square | No | No | 4.21690 | 0.01050 | 4.20640 | Actual/360 | 121,276.01 | 1,455,312.12 | 11/17/17 | 01/06/18 | 12/06/22 | 01/06/23 |
24 | CREFI | One Parkway North Fee | No | Yes - Group 1 | 4.28200 | 0.01305 | 4.26895 | Actual/360 | 88,638.39 | 1,063,660.68 | 12/27/17 | 02/06/18 | | |
25 | CREFI | Village Green of Waterford | No | No | 5.03000 | 0.04055 | 4.98945 | Actual/360 | 127,122.96 | 1,525,475.52 | 01/10/18 | 03/06/18 | 02/06/21 | 03/06/21 |
26 | GACC | Gateway Plaza | No | No | 4.39000 | 0.01305 | 4.37695 | Actual/360 | 117,540.04 | 1,410,480.48 | 12/01/17 | 01/06/18 | 12/06/22 | 01/06/23 |
27 | CREFI | 32 East Shopping Center | No | No | 4.62000 | 0.01305 | 4.60695 | Actual/360 | 110,475.67 | 1,325,708.04 | 01/19/18 | 03/06/18 | 02/06/19 | 03/06/19 |
28 | CREFI | Hilton Garden Inn - Atlanta Airport North | No | No | 4.71000 | 0.01305 | 4.69695 | Actual/360 | 113,563.82 | 1,362,765.84 | 12/29/17 | 02/06/18 | | |
29 | GACC | 220 Northwest 8th Avenue | No | No | 4.04200 | 0.01305 | 4.02895 | Actual/360 | 93,568.76 | 1,122,825.12 | 12/01/17 | 01/06/18 | 12/06/22 | 01/06/23 |
30 | GACC | Corporate Plaza | No | No | 4.57000 | 0.02805 | 4.54195 | Actual/360 | 91,953.55 | 1,103,442.60 | 12/15/17 | 02/06/18 | 01/06/21 | 02/06/21 |
31 | JPMCB | Residence Inn Augusta | No | No | 5.68400 | 0.01305 | 5.67095 | Actual/360 | 101,392.71 | 1,216,712.52 | 01/18/18 | 03/01/18 | | |
32 | JPMCB | Towers at University Town Center | No | No | 4.77500 | 0.01305 | 4.76195 | Actual/360 | 78,473.29 | 941,679.48 | 12/18/17 | 02/01/18 | 01/01/21 | 02/01/21 |
33 | GACC | Fairfield Portfolio | No | No | 5.684782609 | 0.01305 | 5.67173 | Actual/360 | 82,500.05 | 990,000.59 | 01/24/18 | 03/06/18 | | |
33.01 | GACC | Fairfield Inn & Suites - Greensboro | | | | | | | | | | | | |
33.02 | GACC | Fairfield Inn & Suites - High Point | | | | | | | | | | | | |
34 | GACC | Sabre Center II | No | No | 4.55000 | 0.01305 | 4.53695 | Actual/360 | 68,804.17 | 825,650.04 | 12/21/17 | 02/06/18 | 01/06/21 | 02/06/21 |
35 | JPMCB | Beacon - Criterion | No | Yes - Group 2 | 3.78100 | 0.00925 | 3.77175 | Actual/360 | 42,504.90 | 510,058.80 | 12/28/17 | 02/01/18 | | |
36 | CREFI | Holiday Inn Express New Orleans | No | No | 4.93000 | 0.01305 | 4.91695 | Actual/360 | 68,699.17 | 824,390.04 | 12/19/17 | 02/06/18 | 01/06/20 | 02/06/20 |
37 | JPMCB | Lost Tree Financial Center | No | No | 4.69300 | 0.06055 | 4.63245 | 30/360 | 64,777.14 | 777,325.68 | 01/11/18 | 03/01/18 | | |
38 | GACC | Coral Club Apartments | No | No | 4.54000 | 0.01305 | 4.52695 | Actual/360 | 60,018.74 | 720,224.88 | 11/29/17 | 01/06/18 | | |
39 | JPMCB | Beacon - Hague | No | Yes - Group 2 | 3.78100 | 0.00925 | 3.77175 | Actual/360 | 36,484.15 | 437,809.80 | 12/28/17 | 02/01/18 | | |
40 | CREFI | Sam’s Club Atlanta | No | No | 4.77000 | 0.01305 | 4.75695 | Actual/360 | 56,729.61 | 680,755.32 | 12/28/17 | 02/06/18 | | |
41 | CREFI | Marshall’s Plaza | No | No | 4.40000 | 0.01305 | 4.38695 | Actual/360 | 53,956.99 | 647,483.88 | 12/28/17 | 02/06/18 | 01/06/21 | 02/06/21 |
42 | JPMCB | Beacon - Paramount | No | Yes - Group 2 | 3.78100 | 0.00925 | 3.77175 | Actual/360 | 30,999.47 | 371,993.64 | 12/28/17 | 02/01/18 | | |
43 | JPMCB | Hampton Inn Albuquerque University | No | Yes - Group 3 | 5.71000 | 0.01305 | 5.69695 | Actual/360 | 55,198.26 | 662,379.12 | 11/21/17 | 01/01/18 | | |
44 | GACC | 564 6th Street | No | No | 4.44000 | 0.08055 | 4.35945 | Actual/360 | 33,762.50 | 405,150.00 | 12/15/17 | 02/06/18 | | |
45 | GACC | Homewood Commons | No | No | 4.55800 | 0.04305 | 4.51495 | Actual/360 | 43,361.68 | 520,340.16 | 11/20/17 | 01/06/18 | 12/06/20 | 01/06/21 |
46 | JPMCB | Beacon - Mercury / Garage | No | Yes - Group 2 | 3.78100 | 0.00925 | 3.77175 | Actual/360 | 25,456.22 | 305,474.64 | 12/28/17 | 02/01/18 | | |
47 | GACC | Centre Point Plaza | No | No | 4.92800 | 0.01305 | 4.91495 | Actual/360 | 42,594.39 | 511,132.68 | 02/22/17 | 04/06/17 | | |
48 | CREFI | Amsdell Georgia Portfolio | No | No | 4.95000 | 0.06055 | 4.88945 | Actual/360 | 41,100.29 | 493,203.48 | 01/10/18 | 03/06/18 | 02/06/21 | 03/06/21 |
48.01 | CREFI | Compass Self Storage Conyers | | | | | | | | | | | | |
48.02 | CREFI | McDonough-Henry Self Storage | | | | | | | | | | | | |
48.03 | CREFI | American Self Storage Center | | | | | | | | | | | | |
49 | JPMCB | Beacon - Orpheum | No | Yes - Group 2 | 3.78100 | 0.00925 | 3.77175 | Actual/360 | 23,694.37 | 284,332.44 | 12/28/17 | 02/01/18 | | |
50 | GACC | Four Points Nashville Airport | No | No | 4.91000 | 0.01305 | 4.89695 | Actual/360 | 38,043.56 | 456,522.72 | 11/13/17 | 01/06/18 | | |
51 | GACC | Nelson Duffie Mobile Home Parks | No | No | 4.85000 | 0.01305 | 4.83695 | Actual/360 | 37,466.12 | 449,593.44 | 01/25/18 | 03/06/18 | | |
51.01 | GACC | Riverside Mobile Home Park | | | | | | | | | | | | |
51.02 | GACC | Oaks Mobile Home Park | | | | | | | | | | | | |
52 | GACC | Steeplechase Plaza | No | No | 4.51000 | 0.01305 | 4.49695 | Actual/360 | 35,255.94 | 423,071.28 | 11/21/17 | 01/06/18 | | |
53 | JPMCB | Beacon - Tower | No | Yes - Group 2 | 3.78100 | 0.00925 | 3.77175 | Actual/360 | 16,563.60 | 198,763.20 | 12/28/17 | 02/01/18 | | |
54 | JPMCB | Holiday Inn Express Glenwood Springs Aspen Area | No | Yes - Group 3 | 5.10500 | 0.01305 | 5.09195 | Actual/360 | 23,251.40 | 279,016.80 | 12/01/17 | 01/01/18 | | |
55 | CREFI | 5657 Copley Drive | No | No | 4.46000 | 0.01305 | 4.44695 | Actual/360 | 15,713.76 | 188,565.12 | 12/28/17 | 02/06/18 | | |
56 | CREFI | WAG Lawrenceville | No | No | 4.78000 | 0.01305 | 4.76695 | Actual/360 | 19,467.37 | 233,608.44 | 01/03/18 | 02/06/18 | | |
57 | CREFI | Rite Aid Johnstown | No | No | 4.77000 | 0.01305 | 4.75695 | Actual/360 | 14,002.02 | 168,024.24 | 01/02/18 | 02/06/18 | 01/06/23 | 02/06/23 |
| | | | | | | | | | | | | | | | |
| | | Rem. | Rem. | | | Payment | Grace Period | Grace Period | | | Final | Maturity/ARD | | Maturity | Prepayment |
Loan # | Seller(1) | Property Name | Term | Amort | I/O Period | Seasoning | Due Date | (Late Payment) | (Default) | Maturity Date(11) | ARD Loan(11) | Mat Date(11) | Balance ($)(5) | | LTV %(4) | Provision (Payments)(12) |
1 | CREFI | Central Park of Lisle | 59 | 0 | 60 | 1 | 6 | 0 | 0 | 01/06/23 | No | | 79,500,000 | | 58.9% | L(25),Def(30),O(5) |
2 | JPMCB | Promenade Shops at Aventura | 120 | 360 | 0 | 0 | 1 | 0 | 5 | 02/01/28 | No | | 56,907,717 | | 52.6% | L(25),Grtr1%orYM(91),O(4) |
3 | GACC | Apple Campus 3 | 119 | 0 | 120 | 1 | 6 | 0 | 0 | 01/06/28 | Yes | 04/06/31 | 68,000,000 | | 44.0% | L(25),Def(88),O(7) |
4 | JPMCB | EOS 21 | 82 | 0 | 84 | 2 | 1 | 0 | 5 (Twice per year) | 12/01/24 | No | | 60,000,000 | | 64.8% | L(26),Def(55),O(3) |
5 | GACC | Rochester Hotel Portfolio | 117 | 300 | 36 | 3 | 6 | 0 | 0 | 11/06/27 | No | | 49,902,187 | | 55.4% | L(27),Def(88),O(5) |
5.01 | GACC | Rochester Marriott | | | | | | | | | | | 18,980,653 | | | |
5.02 | GACC | Kahler Grand | | | | | | | | | | | 18,000,432 | | | |
5.03 | GACC | Kahler Inn & Suites | | | | | | | | | | | 7,574,439 | | | |
5.04 | GACC | Residence Inn Rochester | | | | | | | | | | | 5,346,663 | | | |
6 | GACC | InterContinental San Francisco | 119 | 359 | 0 | 1 | 6 | 0 | 0 | 01/06/28 | No | | 47,903,536 | | 33.5% | L(24),Grtr1%orYM(92),O(4) |
7 | GACC | Sentinel Square II | 59 | 0 | 60 | 1 | 6 | 0 | 0 | 01/06/23 | No | | 57,660,000 | | 59.7% | L(25),Def(31),O(4) |
8 | CREFI | The Woods | 58 | 0 | 60 | 2 | 6 | 0 | 0 | 12/06/22 | No | | 57,500,000 | | 29.6% | L(26),DeforGrtr1%orYM(27),O(7) |
9 | JPMCB | 600 Clipper | 119 | 0 | 120 | 1 | 1 | 0 | 0 | 01/01/28 | No | | 54,300,000 | | 57.8% | L(24),Grtr1%orYM(89),O(7) |
10 | GACC | Worldwide Plaza | 117 | 0 | 120 | 3 | 6 | 0 | 0 | 11/06/27 | No | | 50,000,000 | | 35.4% | L(27),Def(88),O(5) |
11 | CREFI | 64 Wooster Street | 119 | 0 | 120 | 1 | 6 | 0 | 0 | 01/06/28 | No | | 48,000,000 | | 60.0% | L(25),Def(90),O(5) |
12 | GACC | Hotel Indigo & Austin | 114 | 360 | 24 | 6 | 1 | 0 | 5 | 08/01/27 | No | | 38,859,880 | | 58.9% | L(30),Def(86),O(4) |
13 | CREFI | Braddock Metro Center | 120 | 360 | 60 | 0 | 6 | 0 | 0 | 02/06/28 | No | | 40,489,568 | | 61.2% | L(24),DeforGrtr1%orYM(92),O(4) |
14 | CREFI | BlueLinx Portfolio | 60 | 0 | 60 | 0 | 6 | 0 | 0 | 02/06/23 | No | | 42,900,000 | | 64.2% | L(24),Def(32),O(4) |
14.01 | CREFI | BlueLinx Frederick | | | | | | | | | | | 14,820,000 | | | |
14.02 | CREFI | BlueLinx Bellingham | | | | | | | | | | | 13,991,250 | | | |
14.03 | CREFI | BlueLinx Lawrenceville | | | | | | | | | | | 8,580,000 | | | |
14.04 | CREFI | BlueLinx Butner | | | | | | | | | | | 5,508,750 | | | |
15 | GACC | Marina Heights State Farm | 119 | 0 | 120 | 1 | 6 | 0 | 0 | 01/06/28 | Yes | 01/06/33 | 41,000,000 | | 58.3% | L(11),Grtr1%orYM(102),O(7) |
16 | CREFI | Red Building | 119 | 0 | 120 | 1 | 6 | 0 | 0 | 01/06/28 | No | | 40,000,000 | | 27.9% | L(25),Def(89),O(6) |
17 | JPMCB | 599 Broadway | 120 | 0 | 120 | 0 | 1 | 0 | 0 | 02/01/28 | No | | 40,000,000 | | 50.0% | L(24),Def(93),O(3) |
18 | JPMCB | Lehigh Valley Mall | 117 | 357 | 0 | 3 | 1 | 0 | 0 | 11/01/27 | No | | 28,253,287 | | 35.8% | L(27),Def(86),O(7) |
19 | JPMCB | Atrium Center | 119 | 0 | 120 | 1 | 1 | 0 | 0 | 01/01/28 | No | | 35,000,000 | | 53.5% | L(13),Grtr1%orYM(103),O(4) |
20 | GACC | Signature Place Condominiums | 119 | 360 | 48 | 1 | 6 | 0 | 0 | 01/06/28 | No | | 27,288,524 | | 56.9% | L(25),Def(91),O(4) |
21 | JPMCB | 90 Hudson | 117 | 0 | 120 | 3 | 1 | 0 | 0 | 11/01/27 | No | | 30,000,000 | | 60.2% | L(25),Grtr1%orYM(2),DeforGrtr1%orYM(90),O(3) |
22 | JPMCB | Marriott Charlotte City Center | 52 | 0 | 60 | 8 | 1 | 0 | 0 | 06/01/22 | No | | 30,000,000 | | 60.6% | L(32),Def(21),O(7) |
23 | GACC | Two Harbor Point Square | 118 | 360 | 60 | 2 | 6 | 0 | 0 | 12/06/27 | No | | 22,543,624 | | 56.4% | Grtr1%orYM(26),DeforGrtr1%orYM(88),O(6) |
24 | CREFI | One Parkway North Fee | 119 | 0 | 120 | 1 | 6 | 0 | 0 | 01/06/28 | No | | 24,500,000 | | 74.2% | L(25),DeforGrtr1%orYM(91),O(4) |
25 | CREFI | Village Green of Waterford | 120 | 360 | 36 | 0 | 6 | 0 | 0 | 02/06/28 | No | | 20,900,157 | | 63.7% | L(24),Def(92),O(4) |
26 | GACC | Gateway Plaza | 118 | 360 | 60 | 2 | 6 | 0 | 0 | 12/06/27 | No | | 21,466,098 | | 64.7% | L(24),Grtr1%orYM(89),O(7) |
27 | CREFI | 32 East Shopping Center | 120 | 360 | 12 | 0 | 6 | 0 | 0 | 02/06/28 | No | | 17,946,198 | | 60.8% | L(24),DeforGrtr1%orYM(93),O(3) |
28 | CREFI | Hilton Garden Inn - Atlanta Airport North | 119 | 299 | 0 | 1 | 6 | 0 | 0 | 01/06/28 | No | | 14,791,919 | | 49.3% | L(25),Def(91),O(4) |
29 | GACC | 220 Northwest 8th Avenue | 118 | 360 | 60 | 2 | 6 | 0 | 0 | 12/06/27 | No | | 17,709,550 | | 57.5% | L(26),Def(90),O(4) |
30 | GACC | Corporate Plaza | 119 | 360 | 36 | 1 | 6 | 0 | 0 | 01/06/28 | No | | 15,778,993 | | 63.8% | L(25),Def(91),O(4) |
31 | JPMCB | Residence Inn Augusta | 120 | 360 | 0 | 0 | 1 | 0 | 0 | 02/01/28 | No | | 14,696,833 | | 56.1% | L(24),Def(93),O(3) |
32 | JPMCB | Towers at University Town Center | 119 | 360 | 36 | 1 | 1 | 0 | 0 | 01/01/28 | No | | 13,210,254 | | 55.9% | L(25),Grtr1%orYM(92),O(3) |
33 | GACC | Fairfield Portfolio | 120 | 360 | 0 | 0 | 6 | 0 | 0 | 02/06/28 | No | | 12,352,334 | | 54.9% | L(24),Def(92),O(4) |
33.01 | GACC | Fairfield Inn & Suites - Greensboro | | | | | | | | | | | 7,399,466 | | | |
33.02 | GACC | Fairfield Inn & Suites - High Point | | | | | | | | | | | 4,952,868 | | | |
34 | GACC | Sabre Center II | 119 | 360 | 36 | 1 | 6 | 0 | 0 | 01/06/28 | No | | 11,828,826 | | 62.6% | L(25),Def(91),O(4) |
35 | JPMCB | Beacon - Criterion | 59 | 0 | 60 | 1 | 1 | 0 | 0 | 01/01/23 | No | | 13,305,255 | | 37.0% | L(24),Grtr1%orYM(29),O(7) |
36 | CREFI | Holiday Inn Express New Orleans | 59 | 360 | 24 | 1 | 6 | 0 | 0 | 01/06/23 | No | | 12,321,787 | | 52.0% | L(25),DeforGrtr1%orYM(31),O(4) |
37 | JPMCB | Lost Tree Financial Center | 120 | 360 | 0 | 0 | 1 | 0 | 0 | 02/01/28 | No | | 10,072,409 | | 58.6% | L(25),Grtr1%orYM(92),O(3) |
38 | GACC | Coral Club Apartments | 118 | 358 | 0 | 2 | 6 | 0 | 0 | 12/06/27 | No | | 9,544,312 | | 60.7% | L(26),Def(90),O(4) |
39 | JPMCB | Beacon - Hague | 59 | 0 | 60 | 1 | 1 | 0 | 0 | 01/01/23 | No | | 11,420,588 | | 37.1% | L(24),Grtr1%orYM(29),O(7) |
40 | CREFI | Sam’s Club Atlanta | 119 | 359 | 0 | 1 | 6 | 0 | 0 | 01/06/28 | No | | 8,851,294 | | 57.1% | L(25),Def(91),O(4) |
41 | CREFI | Marshall’s Plaza | 119 | 360 | 36 | 1 | 6 | 0 | 0 | 01/06/28 | No | | 9,408,464 | | 59.5% | L(25),Def(90),O(5) |
42 | JPMCB | Beacon - Paramount | 59 | 0 | 60 | 1 | 1 | 0 | 0 | 01/01/23 | No | | 9,703,725 | | 33.0% | L(24),Grtr1%orYM(29),O(7) |
43 | JPMCB | Hampton Inn Albuquerque University | 118 | 358 | 0 | 2 | 1 | 0 | 0 | 12/01/27 | No | | 7,986,184 | | 60.5% | L(26),Def(91),O(3) |
44 | GACC | 564 6th Street | 119 | 0 | 120 | 1 | 6 | 0 | 0 | 01/06/28 | No | | 9,000,000 | | 62.9% | L(25),Def(91),O(4) |
45 | GACC | Homewood Commons | 118 | 360 | 36 | 2 | 6 | 0 | 0 | 12/06/27 | No | | 7,449,455 | | 60.3% | L(26),Def(90),O(4) |
46 | JPMCB | Beacon - Mercury / Garage | 59 | 0 | 60 | 1 | 1 | 0 | 0 | 01/01/23 | No | | 7,968,529 | | 33.9% | L(24),Grtr1%orYM(29),O(7) |
47 | GACC | Centre Point Plaza | 109 | 349 | 0 | 11 | 6 | 0 | 0 | 03/06/27 | No | | 6,562,054 | | 59.9% | L(35),Def(81),O(4) |
48 | CREFI | Amsdell Georgia Portfolio | 120 | 360 | 36 | 0 | 6 | 0 | 0 | 02/06/28 | No | | 6,807,245 | | 66.1% | L(24),Def(92),O(4) |
48.01 | CREFI | Compass Self Storage Conyers | | | | | | | | | | | 2,828,985 | | | |
48.02 | CREFI | McDonough-Henry Self Storage | | | | | | | | | | | 2,563,767 | | | |
48.03 | CREFI | American Self Storage Center | | | | | | | | | | | 1,414,492 | | | |
49 | JPMCB | Beacon - Orpheum | 59 | 0 | 60 | 1 | 1 | 0 | 0 | 01/01/23 | No | | 7,417,020 | | 36.0% | L(24),Grtr1%orYM(29),O(7) |
50 | GACC | Four Points Nashville Airport | 118 | 358 | 0 | 2 | 6 | 0 | 0 | 12/06/27 | No | | 5,868,678 | | 48.1% | L(26),Def(90),O(4) |
51 | GACC | Nelson Duffie Mobile Home Parks | 120 | 360 | 0 | 0 | 6 | 0 | 0 | 02/06/28 | No | | 5,807,082 | | 61.0% | L(24),Def(91),O(5) |
51.01 | GACC | Riverside Mobile Home Park | | | | | | | | | | | 3,762,335 | | | |
51.02 | GACC | Oaks Mobile Home Park | | | | | | | | | | | 2,044,747 | | | |
52 | GACC | Steeplechase Plaza | 118 | 358 | 0 | 2 | 6 | 0 | 0 | 12/06/27 | No | | 5,620,424 | | 55.2% | L(26),Def(90),O(4) |
53 | JPMCB | Beacon - Tower | 59 | 0 | 60 | 1 | 1 | 0 | 0 | 01/01/23 | No | | 5,184,882 | | 36.6% | L(24),Grtr1%orYM(29),O(7) |
54 | JPMCB | Holiday Inn Express Glenwood Springs Aspen Area | 118 | 358 | 0 | 2 | 1 | 0 | 0 | 12/01/27 | No | | 3,530,481 | | 49.4% | L(26),Def(91),O(3) |
55 | CREFI | 5657 Copley Drive | 119 | 0 | 120 | 1 | 6 | 0 | 0 | 01/06/28 | No | | 4,170,000 | | 60.0% | L(25),Def(92),O(3) |
56 | CREFI | WAG Lawrenceville | 119 | 359 | 0 | 1 | 6 | 0 | 0 | 01/06/28 | No | | 3,034,927 | | 55.2% | L(25),Def(91),O(4) |
57 | CREFI | Rite Aid Johnstown | 119 | 360 | 60 | 1 | 6 | 0 | 0 | 01/06/28 | No | | 2,460,989 | | 50.2% | L(25),Def(91),O(4) |
| | | | | | | | | | | | | | | |
| | | HISTORICAL FINANCIALS(13) |
| | | | | | | | | | | | | | | |
| | | 2014 | 2014 | 2014 | 2015 | 2015 | 2015 | 2016 | 2016 | 2016 | Most Recent | Most Recent | Most Recent | |
Loan # | Seller(1) | Property Name | Revenues ($) | Total Expenses ($) | NOI ($) | Revenues ($) | Total Expenses ($) | NOI ($) | Revenues ($) | Total Expenses ($) | NOI ($) | Revenues ($) | Total Expenses ($) | NOI ($)(14) | As of |
1 | CREFI | Central Park of Lisle | 13,493,166 | 6,875,848 | 6,617,319 | 15,832,978 | 6,864,982 | 8,967,996 | 16,557,917 | 6,805,365 | 9,752,552 | 16,702,928 | 7,011,814 | 9,691,114 | 10/31/17 |
2 | JPMCB | Promenade Shops at Aventura | 7,238,881 | 2,141,619 | 5,097,263 | 7,618,490 | 2,095,118 | 5,523,372 | 7,974,316 | 2,088,457 | 5,885,859 | 8,301,702 | 2,133,301 | 6,168,400 | 12/31/17 |
3 | GACC | Apple Campus 3 | | | | | | | | | | | | | |
4 | JPMCB | EOS 21 | 19,300,345 | 9,836,620 | 9,463,724 | 20,102,693 | 9,456,168 | 10,646,525 | 20,613,669 | 9,683,481 | 10,930,188 | 20,888,540 | 9,747,002 | 11,141,538 | 09/30/17 |
5 | GACC | Rochester Hotel Portfolio | 55,273,885 | 37,239,343 | 18,034,542 | 53,401,673 | 35,171,246 | 18,230,427 | 50,784,977 | 34,182,827 | 16,602,150 | 53,183,313 | 36,352,376 | 16,830,937 | 10/31/17 |
5.01 | GACC | Rochester Marriott | 14,996,235 | 9,800,876 | 5,195,359 | 15,149,227 | 9,696,257 | 5,452,970 | 14,701,586 | 9,533,258 | 5,168,328 | 15,999,093 | 9,865,112 | 6,133,981 | 10/31/17 |
5.02 | GACC | Kahler Grand | 26,364,589 | 18,869,997 | 7,494,592 | 24,156,924 | 17,148,646 | 7,008,278 | 22,864,086 | 16,400,066 | 6,464,020 | 23,472,734 | 17,485,858 | 5,986,876 | 10/31/17 |
5.03 | GACC | Kahler Inn & Suites | 9,721,455 | 6,231,735 | 3,489,720 | 9,897,879 | 6,007,663 | 3,890,216 | 9,108,767 | 5,876,995 | 3,231,772 | 9,532,268 | 6,505,102 | 3,027,166 | 10/31/17 |
5.04 | GACC | Residence Inn Rochester | 4,191,606 | 2,336,735 | 1,854,871 | 4,197,643 | 2,318,680 | 1,878,963 | 4,110,538 | 2,372,509 | 1,738,029 | 4,179,218 | 2,496,305 | 1,682,913 | 10/31/17 |
6 | GACC | InterContinental San Francisco | 70,400,289 | 53,277,488 | 17,122,801 | 75,295,061 | 55,443,169 | 19,851,892 | 75,967,817 | 56,038,569 | 19,929,248 | 73,980,500 | 56,194,208 | 17,786,292 | 10/31/17 |
7 | GACC | Sentinel Square II | | | | | | | | | | | | | |
8 | CREFI | The Woods | 38,029,205 | 12,891,180 | 25,138,025 | 41,350,694 | 13,735,060 | 27,615,634 | 43,763,265 | 13,881,922 | 29,881,343 | 45,252,611 | 15,408,547 | 29,844,064 | 09/30/17 |
9 | JPMCB | 600 Clipper | | | | | | | | | | | | | |
10 | GACC | Worldwide Plaza | 117,970,886 | 49,895,080 | 68,075,807 | 124,125,445 | 51,403,142 | 72,722,303 | 135,449,920 | 52,275,875 | 83,174,046 | 133,945,503 | 52,948,250 | 80,997,253 | 06/30/17 |
11 | CREFI | 64 Wooster Street | 3,105,420 | 464,064 | 2,641,356 | 3,278,754 | 534,596 | 2,744,158 | 3,889,813 | 621,880 | 3,267,933 | 3,860,561 | 646,301 | 3,214,260 | 09/30/17 |
12 | GACC | Hotel Indigo & Austin | | | | | | | | | | 13,664,147 | 8,057,000 | 5,607,147 | 10/31/17 |
13 | CREFI | Braddock Metro Center | 9,207,736 | 3,280,521 | 5,927,215 | 10,073,030 | 3,295,063 | 6,777,967 | 10,583,492 | 3,281,792 | 7,301,701 | 10,594,580 | 3,199,105 | 7,395,475 | 10/31/17 |
14 | CREFI | BlueLinx Portfolio | | | | | | | | | | | | | |
14.01 | CREFI | BlueLinx Frederick | | | | | | | | | | | | | |
14.02 | CREFI | BlueLinx Bellingham | | | | | | | | | | | | | |
14.03 | CREFI | BlueLinx Lawrenceville | | | | | | | | | | | | | |
14.04 | CREFI | BlueLinx Butner | | | | | | | | | | | | | |
15 | GACC | Marina Heights State Farm | | | | | | | | | | | | | |
16 | CREFI | Red Building | | | | 564,980 | 4,023,138 | -3,458,158 | 4,409,802 | 4,266,665 | 143,137 | 9,325,747 | 5,832,097 | 3,493,650 | 09/30/17 |
17 | JPMCB | 599 Broadway | 5,070,560 | 0 | 5,070,560 | 5,088,429 | 0 | 5,088,429 | 5,006,143 | 0 | 5,006,143 | 5,121,552 | 0 | 5,121,552 | 12/31/17 |
18 | JPMCB | Lehigh Valley Mall | 36,249,140 | 9,763,361 | 26,485,779 | 36,151,146 | 9,508,909 | 26,642,237 | 36,598,789 | 9,104,230 | 27,494,559 | 35,447,338 | 9,071,090 | 26,376,248 | 08/31/17 |
19 | JPMCB | Atrium Center | | | | | | | | | | | | | |
20 | GACC | Signature Place Condominiums | 3,305,800 | 1,343,636 | 1,962,164 | 3,546,926 | 1,336,757 | 2,210,169 | | | | 3,791,168 | 1,505,954 | 2,285,214 | 10/31/17 |
21 | JPMCB | 90 Hudson | 12,772,926 | 5,968,527 | 6,804,399 | 12,801,822 | 6,874,589 | 5,927,234 | 14,583,373 | 6,926,876 | 7,656,497 | 17,523,356 | 6,269,492 | 11,253,864 | 08/31/17 |
22 | JPMCB | Marriott Charlotte City Center | 31,918,103 | 21,478,547 | 10,439,556 | 21,077,342 | 17,943,131 | 3,134,211 | 27,952,972 | 21,440,455 | 6,512,516 | 38,143,721 | 25,249,161 | 12,894,561 | 11/30/17 |
23 | GACC | Two Harbor Point Square | | | | 6,614,751 | 2,707,642 | 3,907,109 | 7,239,818 | 2,768,193 | 4,471,625 | 8,461,434 | 2,860,897 | 5,600,537 | 08/31/17 |
24 | CREFI | One Parkway North Fee | | | | | | | | | | | | | |
25 | CREFI | Village Green of Waterford | 3,264,953 | 1,578,161 | 1,686,792 | 3,388,377 | 1,545,619 | 1,842,758 | 3,594,729 | 1,499,984 | 2,094,745 | 3,784,790 | 1,409,211 | 2,375,579 | 11/30/17 |
26 | GACC | Gateway Plaza | 2,023,960 | 879,915 | 1,144,045 | 2,580,506 | 914,300 | 1,666,206 | 2,812,395 | 968,056 | 1,844,339 | 3,140,805 | 1,005,531 | 2,135,274 | 10/31/17 |
27 | CREFI | 32 East Shopping Center | | | | | | | 1,245,518 | 300,759 | 944,759 | 1,985,066 | 532,297 | 1,452,768 | 11/30/17 |
28 | CREFI | Hilton Garden Inn - Atlanta Airport North | 6,830,161 | 4,354,512 | 2,475,649 | 7,039,711 | 4,578,086 | 2,461,625 | 7,167,265 | 4,705,915 | 2,461,350 | 7,315,275 | 4,815,414 | 2,499,861 | 11/30/17 |
29 | GACC | 220 Northwest 8th Avenue | | | | | | | 1,614,290 | 145,854 | 1,468,436 | 1,937,694 | 138,561 | 1,799,133 | 09/30/17 |
30 | GACC | Corporate Plaza | 3,936,788 | 2,004,073 | 1,932,715 | 4,102,767 | 1,974,649 | 2,128,118 | 4,250,330 | 1,839,746 | 2,410,584 | 4,394,401 | 1,924,827 | 2,469,573 | 08/31/17 |
31 | JPMCB | Residence Inn Augusta | | | | | | | 4,628,788 | 2,442,917 | 2,185,871 | 4,908,528 | 2,852,282 | 2,056,246 | 11/30/17 |
32 | JPMCB | Towers at University Town Center | 8,728,359 | 5,896,981 | 2,831,378 | 9,147,129 | 5,208,909 | 3,938,221 | 9,750,923 | 5,585,915 | 4,165,008 | 10,473,746 | 5,342,185 | 5,131,562 | 12/31/17 |
33 | GACC | Fairfield Portfolio | 4,526,005 | 2,522,956 | 2,003,049 | 4,640,391 | 2,545,371 | 2,095,020 | 4,661,542 | 2,580,328 | 2,081,213 | 4,782,530 | 2,727,337 | 2,055,193 | 09/30/17 |
33.01 | GACC | Fairfield Inn & Suites - Greensboro | 2,697,478 | 1,433,602 | 1,263,877 | 2,666,780 | 1,442,201 | 1,224,579 | 2,721,889 | 1,393,563 | 1,328,327 | 2,685,333 | 1,492,488 | 1,192,845 | 09/30/17 |
33.02 | GACC | Fairfield Inn & Suites - High Point | 1,828,526 | 1,089,354 | 739,172 | 1,973,611 | 1,103,170 | 870,441 | 1,939,652 | 1,186,765 | 752,887 | 2,097,197 | 1,234,849 | 862,348 | 09/30/17 |
34 | GACC | Sabre Center II | | | | 1,466,326 | 999,336 | 466,990 | 1,695,462 | 1,009,091 | 686,371 | 2,204,890 | 1,044,814 | 1,160,076 | 10/31/17 |
35 | JPMCB | Beacon - Criterion | | | | | | | 5,301,607 | 2,313,172 | 2,988,435 | 6,558,622 | 2,519,385 | 4,039,238 | 08/31/17 |
36 | CREFI | Holiday Inn Express New Orleans | | | | | | | 4,648,121 | 2,926,687 | 1,721,434 | 4,786,600 | 3,066,324 | 1,720,276 | 10/31/17 |
37 | JPMCB | Lost Tree Financial Center | 964,972 | 697,268 | 267,703 | 999,772 | 664,854 | 334,918 | 1,156,846 | 662,746 | 494,101 | 1,590,142 | 747,526 | 842,616 | 11/30/17 |
38 | GACC | Coral Club Apartments | 1,846,197 | 984,457 | 861,740 | 1,998,307 | 1,076,825 | 921,482 | 2,107,097 | 1,169,850 | 937,247 | 2,220,215 | 1,131,691 | 1,088,524 | 09/30/17 |
39 | JPMCB | Beacon - Hague | | | | | | | 2,360,214 | 1,586,844 | 773,370 | 5,475,293 | 2,447,612 | 3,027,682 | 08/31/17 |
40 | CREFI | Sam’s Club Atlanta | 1,408,339 | 0 | 1,408,339 | 1,408,339 | 0 | 1,408,339 | 1,302,486 | 0 | 1,302,486 | 1,239,338 | 0 | 1,239,338 | 11/30/17 |
41 | CREFI | Marshall’s Plaza | 2,114,993 | 789,891 | 1,325,102 | 2,243,279 | 854,451 | 1,388,827 | 2,327,984 | 786,202 | 1,541,782 | 2,226,656 | 794,748 | 1,431,909 | 09/30/17 |
42 | JPMCB | Beacon - Paramount | | | | | | | 5,302,650 | 2,018,726 | 3,283,924 | 5,380,724 | 2,009,647 | 3,371,076 | 08/31/17 |
43 | JPMCB | Hampton Inn Albuquerque University | 2,972,418 | 1,984,797 | 987,621 | 3,103,071 | 2,114,805 | 988,266 | 2,982,895 | 2,075,442 | 907,453 | 3,229,088 | 2,242,823 | 986,265 | 10/31/17 |
44 | GACC | 564 6th Street | 807,792 | 67,403 | 740,389 | 807,792 | 72,457 | 735,335 | 827,991 | 145,516 | 682,475 | 856,672 | 91,375 | 765,297 | 09/30/17 |
45 | GACC | Homewood Commons | | | | 843,175 | 323,657 | 519,518 | 680,326 | 180,604 | 499,722 | 1,183,461 | 373,156 | 810,305 | 09/30/17 |
46 | JPMCB | Beacon - Mercury / Garage | | | | | | | 3,849,059 | 1,500,936 | 2,348,123 | 4,153,487 | 1,445,947 | 2,707,540 | 08/31/17 |
47 | GACC | Centre Point Plaza | 1,414,913 | 399,929 | 1,014,984 | 1,320,205 | 400,512 | 919,693 | 1,345,724 | 394,764 | 950,960 | 1,183,619 | 264,722 | 918,897 | 10/31/17 |
48 | CREFI | Amsdell Georgia Portfolio | | | | 923,460 | 472,317 | 451,143 | 1,154,757 | 541,102 | 613,655 | 1,235,421 | 545,664 | 689,757 | 10/31/17 |
48.01 | CREFI | Compass Self Storage Conyers | | | | 293,788 | 96,360 | 197,428 | 422,892 | 192,504 | 230,388 | 492,494 | 207,443 | 285,051 | 10/31/17 |
48.02 | CREFI | McDonough-Henry Self Storage | | | | 414,413 | 279,874 | 134,539 | 470,978 | 227,174 | 243,804 | 458,909 | 232,396 | 226,512 | 10/31/17 |
48.03 | CREFI | American Self Storage Center | | | | 215,260 | 96,083 | 119,177 | 260,887 | 121,423 | 139,464 | 284,018 | 105,825 | 178,193 | 10/31/17 |
49 | JPMCB | Beacon - Orpheum | | | | | | | 3,901,792 | 1,537,879 | 2,363,914 | 3,978,987 | 1,497,465 | 2,481,522 | 08/31/17 |
50 | GACC | Four Points Nashville Airport | | | | 2,503,210 | 1,843,120 | 660,090 | 3,696,311 | 2,724,535 | 971,776 | 3,772,158 | 2,638,137 | 1,134,021 | 09/30/17 |
51 | GACC | Nelson Duffie Mobile Home Parks | | | | 721,525 | 261,726 | 459,799 | 925,318 | 293,752 | 631,566 | 968,999 | 310,260 | 658,739 | 10/31/17 |
51.01 | GACC | Riverside Mobile Home Park | | | | | | | | | | | | | |
51.02 | GACC | Oaks Mobile Home Park | | | | | | | | | | | | | |
52 | GACC | Steeplechase Plaza | 567,389 | 187,070 | 380,319 | 665,339 | 210,988 | 454,351 | 793,837 | 234,350 | 559,487 | 859,139 | 250,504 | 608,635 | 08/31/17 |
53 | JPMCB | Beacon - Tower | | | | | | | 2,805,267 | 1,170,917 | 1,634,350 | 2,880,304 | 1,142,794 | 1,737,510 | 08/31/17 |
54 | JPMCB | Holiday Inn Express Glenwood Springs Aspen Area | 1,434,965 | 1,009,909 | 425,056 | 1,678,943 | 1,205,641 | 473,302 | 1,871,428 | 1,385,612 | 485,816 | 1,933,802 | 1,403,829 | 529,973 | 10/31/17 |
55 | CREFI | 5657 Copley Drive | | | | | | | 518,159 | 110,529 | 407,630 | 535,011 | 116,191 | 418,820 | 11/30/17 |
56 | CREFI | WAG Lawrenceville | 342,000 | 10,260 | 331,740 | 342,000 | 10,260 | 331,740 | 342,000 | 10,260 | 331,740 | 342,000 | 10,260 | 331,740 | 10/31/17 |
57 | CREFI | Rite Aid Johnstown | | | | | | | | | | 328,670 | 0 | 328,670 | 12/31/17 |
| | | | | | | | | | | | |
| | | UW | | | | | | | | | |
| | | Economic | UW | UW Total | UW | UW Capital | UW | UW | UW NCF | UW NOI | UW NCF |
Loan # | Seller(1) | Property Name | Occupancy % | Revenues ($)(3) | Expenses ($) | NOI ($)(3)(14)(15) | Items ($) | NCF ($)(3)(15) | NOI DSCR(16) | DSCR(16) | Debt Yield % | Debt Yield % |
1 | CREFI | Central Park of Lisle | 87.3% | 17,454,537 | 7,402,305 | 10,052,232 | 1,006,531 | 9,045,701 | 2.86 | 2.58 | 12.6% | 11.4% |
2 | JPMCB | Promenade Shops at Aventura | 95.0% | 8,252,584 | 2,246,266 | 6,006,318 | 396,536 | 5,609,782 | 1.38 | 1.29 | 8.6% | 8.0% |
3 | GACC | Apple Campus 3 | 99.0% | 46,190,545 | 4,804,932 | 41,385,613 | 176,531 | 41,209,082 | 3.57 | 3.55 | 12.2% | 12.1% |
4 | JPMCB | EOS 21 | 93.8% | 20,888,540 | 9,582,304 | 11,306,236 | 297,360 | 11,008,876 | 1.92 | 1.87 | 7.5% | 7.3% |
5 | GACC | Rochester Hotel Portfolio | 58.4% | 53,040,505 | 36,019,617 | 17,020,888 | 2,652,025 | 14,368,863 | 1.78 | 1.50 | 12.2% | 10.3% |
5.01 | GACC | Rochester Marriott | 71.0% | 15,961,504 | 9,794,712 | 6,166,792 | 798,075 | 5,368,717 | | | | |
5.02 | GACC | Kahler Grand | 49.4% | 23,335,384 | 17,188,687 | 6,146,697 | 1,166,769 | 4,979,928 | | | | |
5.03 | GACC | Kahler Inn & Suites | 65.9% | 9,563,555 | 6,519,673 | 3,043,882 | 478,178 | 2,565,704 | | | | |
5.04 | GACC | Residence Inn Rochester | 73.6% | 4,180,061 | 2,516,545 | 1,663,516 | 209,003 | 1,454,513 | | | | |
6 | GACC | InterContinental San Francisco | 87.0% | 73,981,123 | 56,353,105 | 17,628,017 | 2,959,245 | 14,668,773 | 2.75 | 2.29 | 16.0% | 13.4% |
7 | GACC | Sentinel Square II | 94.3% | 13,947,826 | 4,756,435 | 9,191,391 | 70,091 | 9,121,300 | 2.72 | 2.70 | 9.0% | 8.9% |
8 | CREFI | The Woods | 91.6% | 45,252,611 | 14,939,344 | 30,313,267 | 460,250 | 29,853,017 | 5.08 | 5.01 | 15.2% | 14.9% |
9 | JPMCB | 600 Clipper | 95.0% | 9,842,561 | 2,952,768 | 6,889,793 | 398,778 | 6,491,015 | 3.37 | 3.17 | 12.7% | 12.0% |
10 | GACC | Worldwide Plaza | 95.0% | 141,343,932 | 54,051,285 | 87,292,647 | 2,270,872 | 85,021,775 | 3.88 | 3.77 | 14.2% | 13.8% |
11 | CREFI | 64 Wooster Street | 95.0% | 3,986,351 | 733,591 | 3,252,760 | 178,885 | 3,073,875 | 1.52 | 1.44 | 6.8% | 6.4% |
12 | GACC | Hotel Indigo & Austin | 64.2% | 13,664,147 | 8,144,924 | 5,519,223 | 546,566 | 4,972,657 | 1.92 | 1.73 | 12.3% | 11.1% |
13 | CREFI | Braddock Metro Center | 92.6% | 10,490,116 | 3,420,015 | 7,070,100 | 309,848 | 6,760,253 | 1.55 | 1.49 | 9.5% | 9.1% |
14 | CREFI | BlueLinx Portfolio | 92.5% | 12,023,790 | 3,373,690 | 8,650,101 | 690,121 | 7,959,979 | 2.67 | 2.46 | 12.1% | 11.1% |
14.01 | CREFI | BlueLinx Frederick | 92.5% | 4,224,554 | 1,242,085 | 2,982,469 | 203,015 | 2,779,454 | | | | |
14.02 | CREFI | BlueLinx Bellingham | 92.5% | 4,207,598 | 1,409,692 | 2,797,906 | 148,139 | 2,649,767 | | | | |
14.03 | CREFI | BlueLinx Lawrenceville | 92.5% | 2,106,890 | 352,719 | 1,754,171 | 175,576 | 1,578,595 | | | | |
14.04 | CREFI | BlueLinx Butner | 92.5% | 1,484,749 | 369,194 | 1,115,555 | 163,392 | 952,163 | | | | |
15 | GACC | Marina Heights State Farm | 98.7% | 83,160,015 | 19,826,859 | 63,333,156 | 195,923 | 63,137,233 | 3.13 | 3.12 | 11.3% | 11.3% |
16 | CREFI | Red Building | 74.2% | 18,925,660 | 6,074,849 | 12,850,810 | 1,059,997 | 11,790,813 | 3.61 | 3.31 | 16.1% | 14.7% |
17 | JPMCB | 599 Broadway | 97.0% | 5,670,671 | 170,120 | 5,500,551 | 8,907 | 5,491,643 | 1.76 | 1.75 | 7.3% | 7.3% |
18 | JPMCB | Lehigh Valley Mall | 92.3% | 33,855,087 | 8,922,902 | 24,932,185 | 1,005,356 | 23,926,829 | 2.16 | 2.07 | 12.5% | 12.0% |
19 | JPMCB | Atrium Center | 95.0% | 13,100,668 | 3,634,080 | 9,466,588 | 161,216 | 9,305,372 | 2.08 | 2.05 | 8.2% | 8.1% |
20 | GACC | Signature Place Condominiums | 92.8% | 4,025,068 | 1,581,041 | 2,444,027 | 75,000 | 2,369,027 | 1.33 | 1.28 | 8.0% | 7.8% |
21 | JPMCB | 90 Hudson | 95.0% | 19,495,184 | 7,604,532 | 11,890,653 | 733,819 | 11,156,834 | 2.18 | 2.04 | 9.1% | 8.6% |
22 | JPMCB | Marriott Charlotte City Center | 73.5% | 38,398,103 | 25,326,107 | 13,071,996 | 0 | 13,071,996 | 2.76 | 2.76 | 12.7% | 12.7% |
23 | GACC | Two Harbor Point Square | 91.0% | 8,505,541 | 2,900,766 | 5,604,774 | 410,329 | 5,194,446 | 1.93 | 1.78 | 11.3% | 10.5% |
24 | CREFI | One Parkway North Fee | 100.0% | 1,838,100 | 36,762 | 1,801,338 | 0 | 1,801,338 | 1.69 | 1.69 | 7.4% | 7.4% |
25 | CREFI | Village Green of Waterford | 94.8% | 3,784,790 | 1,459,162 | 2,325,628 | 109,350 | 2,216,278 | 1.52 | 1.45 | 9.9% | 9.4% |
26 | GACC | Gateway Plaza | 91.9% | 3,085,330 | 970,813 | 2,114,517 | 81,639 | 2,032,878 | 1.50 | 1.44 | 9.0% | 8.7% |
27 | CREFI | 32 East Shopping Center | 95.0% | 2,965,864 | 574,484 | 2,391,380 | 182,574 | 2,208,807 | 1.80 | 1.67 | 11.1% | 10.3% |
28 | CREFI | Hilton Garden Inn - Atlanta Airport North | 80.2% | 7,315,275 | 4,941,566 | 2,373,709 | 292,611 | 2,081,098 | 1.74 | 1.53 | 11.9% | 10.4% |
29 | GACC | 220 Northwest 8th Avenue | 97.0% | 2,388,071 | 335,548 | 2,052,523 | 168,676 | 1,883,847 | 1.83 | 1.68 | 10.5% | 9.7% |
30 | GACC | Corporate Plaza | 86.7% | 4,317,003 | 1,991,800 | 2,325,203 | 108,483 | 2,216,720 | 2.11 | 2.01 | 12.9% | 12.3% |
31 | JPMCB | Residence Inn Augusta | 79.0% | 4,908,528 | 2,904,880 | 2,003,648 | 0 | 2,003,648 | 1.65 | 1.65 | 11.4% | 11.4% |
32 | JPMCB | Towers at University Town Center | 91.5% | 10,141,347 | 5,526,346 | 4,615,001 | 136,500 | 4,478,501 | 1.60 | 1.55 | 10.0% | 9.7% |
33 | GACC | Fairfield Portfolio | 71.8% | 4,782,530 | 2,812,000 | 1,970,530 | 191,301 | 1,779,229 | 1.99 | 1.80 | 13.6% | 12.3% |
33.01 | GACC | Fairfield Inn & Suites - Greensboro | 70.1% | 2,685,333 | 1,548,915 | 1,136,418 | 107,413 | 1,029,005 | | | | |
33.02 | GACC | Fairfield Inn & Suites - High Point | 74.0% | 2,097,197 | 1,263,085 | 834,112 | 83,888 | 750,224 | | | | |
34 | GACC | Sabre Center II | 91.8% | 2,719,402 | 1,120,857 | 1,598,545 | 199,232 | 1,399,313 | 1.94 | 1.69 | 11.8% | 10.4% |
35 | JPMCB | Beacon - Criterion | 92.2% | 6,835,749 | 2,381,849 | 4,453,900 | 67,750 | 4,386,150 | 3.06 | 3.01 | 11.7% | 11.5% |
36 | CREFI | Holiday Inn Express New Orleans | 72.8% | 4,872,473 | 3,168,441 | 1,704,032 | 194,899 | 1,509,133 | 2.07 | 1.83 | 13.2% | 11.7% |
37 | JPMCB | Lost Tree Financial Center | 93.0% | 1,831,029 | 604,082 | 1,226,947 | 98,253 | 1,128,695 | 1.58 | 1.45 | 9.8% | 9.0% |
38 | GACC | Coral Club Apartments | 93.3% | 2,317,690 | 1,189,421 | 1,128,269 | 30,500 | 1,097,769 | 1.57 | 1.52 | 9.6% | 9.3% |
39 | JPMCB | Beacon - Hague | 89.8% | 5,807,946 | 2,160,228 | 3,647,717 | 60,250 | 3,587,467 | 2.92 | 2.87 | 11.2% | 11.0% |
40 | CREFI | Sam’s Club Atlanta | 97.0% | 1,202,158 | 56,473 | 1,145,684 | 43,292 | 1,102,393 | 1.68 | 1.62 | 10.6% | 10.2% |
41 | CREFI | Marshall’s Plaza | 94.0% | 2,354,927 | 906,165 | 1,448,762 | 127,580 | 1,321,182 | 2.24 | 2.04 | 13.4% | 12.3% |
42 | JPMCB | Beacon - Paramount | 90.4% | 5,546,230 | 1,910,262 | 3,635,968 | 57,750 | 3,578,218 | 3.42 | 3.37 | 13.1% | 12.9% |
43 | JPMCB | Hampton Inn Albuquerque University | 80.9% | 3,229,088 | 2,245,723 | 983,365 | 0 | 983,365 | 1.48 | 1.48 | 10.4% | 10.4% |
44 | GACC | 564 6th Street | 95.0% | 963,828 | 141,862 | 821,966 | 2,625 | 819,341 | 2.03 | 2.02 | 9.1% | 9.1% |
45 | GACC | Homewood Commons | 87.0% | 1,460,767 | 410,071 | 1,050,697 | 43,758 | 1,006,938 | 2.02 | 1.94 | 12.4% | 11.8% |
46 | JPMCB | Beacon - Mercury / Garage | 87.7% | 4,384,457 | 1,393,253 | 2,991,204 | 57,000 | 2,934,204 | 3.43 | 3.36 | 13.2% | 12.9% |
47 | GACC | Centre Point Plaza | 95.0% | 1,373,600 | 391,556 | 982,044 | 121,037 | 861,007 | 1.92 | 1.68 | 12.4% | 10.9% |
48 | CREFI | Amsdell Georgia Portfolio | 80.6% | 1,235,421 | 589,841 | 645,580 | 22,942 | 622,638 | 1.31 | 1.26 | 8.4% | 8.1% |
48.01 | CREFI | Compass Self Storage Conyers | 87.6% | 492,494 | 204,618 | 287,877 | 5,290 | 282,587 | | | | |
48.02 | CREFI | McDonough-Henry Self Storage | 79.3% | 458,909 | 229,153 | 229,756 | 9,733 | 220,022 | | | | |
48.03 | CREFI | American Self Storage Center | 73.5% | 284,018 | 156,070 | 127,948 | 7,918 | 120,030 | | | | |
49 | JPMCB | Beacon - Orpheum | 90.7% | 4,033,009 | 1,448,562 | 2,584,447 | 39,500 | 2,544,947 | 3.18 | 3.14 | 12.2% | 12.0% |
50 | GACC | Four Points Nashville Airport | 71.4% | 3,835,661 | 2,747,987 | 1,087,674 | 153,427 | 934,247 | 2.38 | 2.05 | 15.2% | 13.1% |
51 | GACC | Nelson Duffie Mobile Home Parks | 95.0% | 964,115 | 322,846 | 641,270 | 8,700 | 632,570 | 1.43 | 1.41 | 9.0% | 8.9% |
51.01 | GACC | Riverside Mobile Home Park | | | | | | | | | | |
51.02 | GACC | Oaks Mobile Home Park | | | | | | | | | | |
52 | GACC | Steeplechase Plaza | 95.0% | 1,021,717 | 216,385 | 805,332 | 79,968 | 725,364 | 1.90 | 1.71 | 11.6% | 10.5% |
53 | JPMCB | Beacon - Tower | 92.0% | 2,935,894 | 1,079,257 | 1,856,636 | 32,000 | 1,824,636 | 3.27 | 3.22 | 12.5% | 12.3% |
54 | JPMCB | Holiday Inn Express Glenwood Springs Aspen Area | 67.9% | 1,933,802 | 1,407,007 | 526,795 | 0 | 526,795 | 1.89 | 1.89 | 12.3% | 12.3% |
55 | CREFI | 5657 Copley Drive | 95.0% | 582,971 | 173,722 | 409,249 | 23,506 | 385,744 | 2.17 | 2.05 | 9.8% | 9.3% |
56 | CREFI | WAG Lawrenceville | 97.8% | 344,405 | 19,179 | 325,226 | 2,174 | 323,052 | 1.39 | 1.38 | 8.8% | 8.7% |
57 | CREFI | Rite Aid Johnstown | 95.0% | 328,551 | 17,174 | 311,378 | 1,667 | 309,712 | 1.85 | 1.84 | 11.6% | 11.6% |
| | | | | | | | | | | | | | |
| | | | | | | | | UPFRONT ESCROW(19) |
| | | | | | | | | | | | | | |
| | | | Ground Lease | Ground Lease | Franchise | | | Upfront Capex | Upfront Engin. | Upfront Envir. | Upfront TI/LC | Upfront RE Tax | Upfront Ins. |
Loan # | Seller(1) | Property Name | Title Type(17) | Expiration | Extension Terms | Expiration Date(18) | PML % | | Reserve ($) | Reserve ($) | Reserve ($) | Reserve ($) | Reserve ($) | Reserve ($) |
1 | CREFI | Central Park of Lisle | Fee | | | | | | 3,672,605 | 74,750 | 0 | 0 | 1,149,594 | 23,934 |
2 | JPMCB | Promenade Shops at Aventura | Fee | | | | | | 3,648 | 0 | 214,000 | 24,320 | 261,235 | 127,205 |
3 | GACC | Apple Campus 3 | Fee | | | | 9% | | 0 | 0 | 0 | 2,979,839 | 0 | 0 |
4 | JPMCB | EOS 21 | Fee | | | | | | 0 | 186,208 | 0 | 0 | 0 | 0 |
5 | GACC | Rochester Hotel Portfolio | Fee | | | | | | 0 | 45,563 | 0 | 0 | 496,816 | 335,774 |
5.01 | GACC | Rochester Marriott | Fee | | | 11/6/2030 | | | | | | | | |
5.02 | GACC | Kahler Grand | Fee | | | 10/17/2018 | | | | | | | | |
5.03 | GACC | Kahler Inn & Suites | Fee | | | 10/17/2018 | | | | | | | | |
5.04 | GACC | Residence Inn Rochester | Fee | | | 10/26/2024 | | | | | | | | |
6 | GACC | InterContinental San Francisco | Fee | | | 2/29/2028 | 14% | | 0 | 0 | 0 | 0 | 0 | 44,350 |
7 | GACC | Sentinel Square II | Fee | | | | | | 0 | 0 | 0 | 0 | 0 | 0 |
8 | CREFI | The Woods | Fee | | | | 14% | | 0 | 0 | 0 | 0 | 0 | 0 |
9 | JPMCB | 600 Clipper | Fee | | | | 7% | | 4,626 | 27,375 | 0 | 4,147,500 | 0 | 0 |
10 | GACC | Worldwide Plaza | Fee | | | | | | 0 | 0 | 0 | 0 | 0 | 0 |
11 | CREFI | 64 Wooster Street | Fee | | | | | | 0 | 0 | 0 | 300,000 | 85,369 | 53,304 |
12 | GACC | Hotel Indigo & Austin | Fee | | | 8/1/2037 | | | 2,700,000 | 0 | 0 | 0 | 365,188 | 0 |
13 | CREFI | Braddock Metro Center | Fee | | | | | | 0 | 0 | 0 | 0 | 381,274 | 0 |
14 | CREFI | BlueLinx Portfolio | Fee | | | | | | 0 | 6,875 | 0 | 0 | 0 | 0 |
14.01 | CREFI | BlueLinx Frederick | Fee | | | | | | | | | | | |
14.02 | CREFI | BlueLinx Bellingham | Fee | | | | | | | | | | | |
14.03 | CREFI | BlueLinx Lawrenceville | Fee | | | | | | | | | | | |
14.04 | CREFI | BlueLinx Butner | Fee | | | | | | | | | | | |
15 | GACC | Marina Heights State Farm | Leasehold | 08/16/12 | One, min 25 - max 99 year option | | | | 0 | 0 | 0 | 0 | 0 | 0 |
16 | CREFI | Red Building | Fee | | | | 9% | | 0 | 0 | 0 | 0 | 192,071 | 88,901 |
17 | JPMCB | 599 Broadway | Fee | | | | | | 0 | 0 | 0 | 0 | 0 | 0 |
18 | JPMCB | Lehigh Valley Mall | Fee | | | | | | 0 | 0 | 0 | 0 | 0 | 0 |
19 | JPMCB | Atrium Center | Fee | | | | | | 0 | 0 | 0 | 0 | 0 | 0 |
20 | GACC | Signature Place Condominiums | Fee | | | | | | 0 | 0 | 0 | 0 | 130,863 | 8,290 |
21 | JPMCB | 90 Hudson | Fee | | | | | | 0 | 198,000 | 0 | 0 | 0 | 100,000 |
22 | JPMCB | Marriott Charlotte City Center | Fee | | | 12/31/2042 | | | 0 | 0 | 0 | 0 | 0 | 0 |
23 | GACC | Two Harbor Point Square | Fee | | | | | | 0 | 0 | 0 | 0 | 80,167 | 4,333 |
24 | CREFI | One Parkway North Fee | Fee | | | | | | 0 | 0 | 0 | 0 | 0 | 0 |
25 | CREFI | Village Green of Waterford | Fee | | | | | | 1,836,000 | 0 | 0 | 0 | 66,954 | 19,072 |
26 | GACC | Gateway Plaza | Fee | | | | 12% | | 0 | 0 | 0 | 360,000 | 91,839 | 8,233 |
27 | CREFI | 32 East Shopping Center | Fee | | | | | | 0 | 8,740 | 0 | 707,393 | 40,763 | 0 |
28 | CREFI | Hilton Garden Inn - Atlanta Airport North | Fee | | | 12/31/2029 | | | 0 | 7,000 | 0 | 0 | 0 | 82,513 |
29 | GACC | 220 Northwest 8th Avenue | Fee | | | | 15% | | 0 | 15,625 | 0 | 0 | 7,693 | 0 |
30 | GACC | Corporate Plaza | Fee | | | | | | 750,000 | 74,625 | 0 | 2,000,000 | 0 | 0 |
31 | JPMCB | Residence Inn Augusta | Fee | | | 8/31/2035 | | | 16,365 | 0 | 0 | 0 | 28,810 | 0 |
32 | JPMCB | Towers at University Town Center | Fee | | | | | | 11,375 | 0 | 0 | 0 | 291,420 | 0 |
33 | GACC | Fairfield Portfolio | Fee | | | | | | 0 | 0 | 0 | 0 | 51,905 | 4,696 |
33.01 | GACC | Fairfield Inn & Suites - Greensboro | Fee | | | 1/24/2033 | | | | | | | | |
33.02 | GACC | Fairfield Inn & Suites - High Point | Fee | | | 1/24/2033 | | | | | | | | |
34 | GACC | Sabre Center II | Fee | | | | | | 0 | 0 | 0 | 0 | 56,023 | 0 |
35 | JPMCB | Beacon - Criterion | Fee | | | | | | 0 | 0 | 0 | 0 | 207,000 | 0 |
36 | CREFI | Holiday Inn Express New Orleans | Fee | | | 6/30/2024 | | | 0 | 5,040 | 0 | 0 | 265,935 | 16,257 |
37 | JPMCB | Lost Tree Financial Center | Fee | | | | | | 953 | 0 | 0 | 7,875 | 52,744 | 0 |
38 | GACC | Coral Club Apartments | Fee | | | | | | 300,000 | 61,875 | 0 | 0 | 0 | 43,920 |
39 | JPMCB | Beacon - Hague | Fee | | | | | | 0 | 0 | 0 | 0 | 215,000 | 0 |
40 | CREFI | Sam’s Club Atlanta | Leasehold | 07/10/25 | 3, 10-year extensions through July 10, 2055 | | | | 0 | 0 | 0 | 0 | 0 | 0 |
41 | CREFI | Marshall’s Plaza | Fee | | | | | | 0 | 0 | 0 | 0 | 0 | 14,121 |
42 | JPMCB | Beacon - Paramount | Fee | | | | | | 0 | 0 | 0 | 0 | 156,000 | 0 |
43 | JPMCB | Hampton Inn Albuquerque University | Fee | | | 11/30/2033 | | | 10,595 | 0 | 0 | 0 | 11,425 | 2,707 |
44 | GACC | 564 6th Street | Fee | | | | 19% | | 0 | 0 | 0 | 0 | 18,498 | 4,425 |
45 | GACC | Homewood Commons | Fee | | | | | | 0 | 42,500 | 0 | 500,000 | 34,879 | 6,197 |
46 | JPMCB | Beacon - Mercury / Garage | Fee | | | | | | 0 | 0 | 0 | 0 | 120,000 | 0 |
47 | GACC | Centre Point Plaza | Fee | | | | | | 31,852 | 295,901 | 0 | 200,000 | 75,175 | 21,564 |
48 | CREFI | Amsdell Georgia Portfolio | Fee | | | | | | 0 | 0 | 0 | 0 | 36,488 | 0 |
48.01 | CREFI | Compass Self Storage Conyers | Fee | | | | | | | | | | | |
48.02 | CREFI | McDonough-Henry Self Storage | Fee | | | | | | | | | | | |
48.03 | CREFI | American Self Storage Center | Fee | | | | | | | | | | | |
49 | JPMCB | Beacon - Orpheum | Fee | | | | | | 0 | 0 | 0 | 0 | 111,000 | 0 |
50 | GACC | Four Points Nashville Airport | Fee | | | 8/5/2034 | | | 0 | 8,125 | 0 | 0 | 0 | 0 |
51 | GACC | Nelson Duffie Mobile Home Parks | Fee | | | | | | 25,800 | 0 | 0 | 0 | 6,144 | 25,489 |
51.01 | GACC | Riverside Mobile Home Park | Fee | | | | | | | | | | | |
51.02 | GACC | Oaks Mobile Home Park | Fee | | | | | | | | | | | |
52 | GACC | Steeplechase Plaza | Fee | | | | | | 0 | 0 | 0 | 250,000 | 6,544 | 0 |
53 | JPMCB | Beacon - Tower | Fee | | | | | | 0 | 0 | 0 | 0 | 81,000 | 0 |
54 | JPMCB | Holiday Inn Express Glenwood Springs Aspen Area | Fee | | | 11/30/2032 | | | 6,435 | 0 | 0 | 0 | 37,481 | 1,148 |
55 | CREFI | 5657 Copley Drive | Fee | | | | 5% | | 0 | 0 | 0 | 0 | 0 | 903 |
56 | CREFI | WAG Lawrenceville | Fee | | | | | | 0 | 123,750 | 0 | 0 | 0 | 1,846 |
57 | CREFI | Rite Aid Johnstown | Fee | | | | | | 0 | 0 | 0 | 0 | 0 | 640 |
| | | | | |
| | | UPFRONT ESCROW(19) |
| | | | | |
| | | Upfront Debt Service | Upfront Other | Other Upfront |
Loan # | Seller(1) | Property Name | Reserve ($) | Reserve ($) | Description ($) |
1 | CREFI | Central Park of Lisle | 0 | 2,924,266 | Unfunded Obligations Reserve |
2 | JPMCB | Promenade Shops at Aventura | 0 | 0 | |
3 | GACC | Apple Campus 3 | 0 | 42,800,076 | Free Rent Reserve: 42,706,326; Punchlist Reserve: 93,750 |
4 | JPMCB | EOS 21 | 0 | 0 | |
5 | GACC | Rochester Hotel Portfolio | 0 | 300,000 | Seasonality Reserve |
5.01 | GACC | Rochester Marriott | | | |
5.02 | GACC | Kahler Grand | | | |
5.03 | GACC | Kahler Inn & Suites | | | |
5.04 | GACC | Residence Inn Rochester | | | |
6 | GACC | InterContinental San Francisco | 0 | 10,000,000 | Window Replacement Reserve |
7 | GACC | Sentinel Square II | 0 | 19,093,311 | Free Rent Reserve: 18,493,311; GSA Funds: 600,000 |
8 | CREFI | The Woods | 0 | 0 | |
9 | JPMCB | 600 Clipper | 0 | 5,071,085 | Free Rent Reserve |
10 | GACC | Worldwide Plaza | 0 | 0 | |
11 | CREFI | 64 Wooster Street | 0 | 257,409 | Free Rent Reserve |
12 | GACC | Hotel Indigo & Austin | 0 | 300,000 | PIP Reserve |
13 | CREFI | Braddock Metro Center | 0 | 27,805,730 | USDA Lease Reserve |
14 | CREFI | BlueLinx Portfolio | 0 | 206,875 | Additional Property Reserve |
14.01 | CREFI | BlueLinx Frederick | | | |
14.02 | CREFI | BlueLinx Bellingham | | | |
14.03 | CREFI | BlueLinx Lawrenceville | | | |
14.04 | CREFI | BlueLinx Butner | | | |
15 | GACC | Marina Heights State Farm | 0 | 0 | |
16 | CREFI | Red Building | 0 | 4,627,845 | Free Rent Shortfall Reserve: 3,874,436; Unfunded Obligations Reserve: 753,409 |
17 | JPMCB | 599 Broadway | 0 | 0 | |
18 | JPMCB | Lehigh Valley Mall | 0 | 651,533 | Outstanding TI/LC Reserve: 443,000; Tenant Rent Holdback Reserve: 208,533 |
19 | JPMCB | Atrium Center | 0 | 23,558,259 | Outstanding TI Reserve: 21,161,047; Free Rent Reserve: 2,397,212 |
20 | GACC | Signature Place Condominiums | 0 | 0 | |
21 | JPMCB | 90 Hudson | 0 | 291,238 | Lord Abbett CAM Reserve |
22 | JPMCB | Marriott Charlotte City Center | 0 | 10,000,000 | Performance Holdback Reserve |
23 | GACC | Two Harbor Point Square | 0 | 163,858 | Unfunded Obligations Reserve: 154,346; Declarations Assessment Reserve: 6,548; WPCA Assessment Reserve: 2,964 |
24 | CREFI | One Parkway North Fee | 0 | 0 | |
25 | CREFI | Village Green of Waterford | 0 | 0 | |
26 | GACC | Gateway Plaza | 0 | 171,717 | Free Rent Reserve |
27 | CREFI | 32 East Shopping Center | 0 | 70,423 | Free Rent Reserve |
28 | CREFI | Hilton Garden Inn - Atlanta Airport North | 0 | 0 | |
29 | GACC | 220 Northwest 8th Avenue | 0 | 0 | |
30 | GACC | Corporate Plaza | 0 | 147,215 | Free Rent Reserve |
31 | JPMCB | Residence Inn Augusta | 0 | 0 | |
32 | JPMCB | Towers at University Town Center | 0 | 5,185,517 | Planned Capital Improvements Reserve: 5,083,948; Prepaid Rent Reserve: 101,569 |
33 | GACC | Fairfield Portfolio | 0 | 1,984,176 | PIP Reserve: 1,834,176; Seasonality Reserve: 150,000 |
33.01 | GACC | Fairfield Inn & Suites - Greensboro | | | |
33.02 | GACC | Fairfield Inn & Suites - High Point | | | |
34 | GACC | Sabre Center II | 0 | 144,715 | Free Rent Reserve |
35 | JPMCB | Beacon - Criterion | 0 | 4,102,472 | Put Option Reserve: 1,818,058; Priority Return Reserve: 1,181,738; PNC Operating Distribution Reserve: 1,047,049; Incremental HTC Required Property Insurance Reserve: 55,627 |
36 | CREFI | Holiday Inn Express New Orleans | 0 | 230,339 | PIP Reserve |
37 | JPMCB | Lost Tree Financial Center | 0 | 513,433 | Outstanding TI/LC Reserve |
38 | GACC | Coral Club Apartments | 0 | 0 | |
39 | JPMCB | Beacon - Hague | 0 | 3,789,857 | Put Option Reserve: 1,588,923; Priority Return Reserve: 1,244,656; PNC Operating Distribution Reserve: 883,326; Incremental HTC Required Property Insurance Reserve: 72,952 |
40 | CREFI | Sam’s Club Atlanta | 0 | 0 | |
41 | CREFI | Marshall’s Plaza | 0 | 0 | |
42 | JPMCB | Beacon - Paramount | 0 | 3,354,087 | Put Option Reserve: 2,047,058; PNC Operating Distribution Reserve: 722,587; Priority Return Reserve: 568,627; Incremental HTC Required Property Insurance Reserve: 15,815 |
43 | JPMCB | Hampton Inn Albuquerque University | 0 | 2,000,000 | PIP Reserve |
44 | GACC | 564 6th Street | 0 | 0 | |
45 | GACC | Homewood Commons | 0 | 5,416 | Free Rent Reserve |
46 | JPMCB | Beacon - Mercury / Garage | 0 | 0 | |
47 | GACC | Centre Point Plaza | 0 | 0 | |
48 | CREFI | Amsdell Georgia Portfolio | 0 | 500,000 | Economic Holdback Reserve |
48.01 | CREFI | Compass Self Storage Conyers | | | |
48.02 | CREFI | McDonough-Henry Self Storage | | | |
48.03 | CREFI | American Self Storage Center | | | |
49 | JPMCB | Beacon - Orpheum | 0 | 2,182,497 | Put Option Reserve: 1,592,263; PNC Operating Distribution Reserve: 309,180; Priority Return Reserve: 265,377; Incremental HTC Required Property Insurance Reserve: 15,678 |
50 | GACC | Four Points Nashville Airport | 0 | 60,000 | Seasonality Reserve |
51 | GACC | Nelson Duffie Mobile Home Parks | 0 | 0 | |
51.01 | GACC | Riverside Mobile Home Park | | | |
51.02 | GACC | Oaks Mobile Home Park | | | |
52 | GACC | Steeplechase Plaza | 0 | 0 | |
53 | JPMCB | Beacon - Tower | 0 | 1,983,984 | Put Option Reserve: 1,235,451; PNC Operating Distribution Reserve: 377,199; Priority Return Reserve: 370,635; Incremental HTC Required Property Insurance Reserve: 698 |
54 | JPMCB | Holiday Inn Express Glenwood Springs Aspen Area | 0 | 1,450,000 | PIP Reserve |
55 | CREFI | 5657 Copley Drive | 0 | 163,356 | Unfunded Tenant Improvement Reserve: 92,170; Free Rent Reserve: 71,186 |
56 | CREFI | WAG Lawrenceville | 0 | 0 | |
57 | CREFI | Rite Aid Johnstown | 0 | 0 | |
| | | | | | | | | | | | | | |
| | | MONTHLY ESCROW(20) | | RESERVE CAPS(21) |
| | | | | | | | | | | | | | |
| | | Monthly Capex | Monthly Envir. | Monthly TI/LC | Monthly RE Tax | Monthly Ins. | Monthly Other | Other Monthly | | CapEx | Envir. | TI/LC | RE Tax |
Loan # | Seller(1) | Property Name | Reserve ($) | Reserve ($) | Reserve ($) | Reserve ($) | Reserve ($) | Reserve ($) | Description ($) | | Reserve Cap ($) | Reserve Cap ($) | Reserve Cap ($) | Reserve Cap ($) |
1 | CREFI | Central Park of Lisle | 11,560 | 0 | 72,277 | 191,599 | Springing | 0 | | | 277,442 | | | |
2 | JPMCB | Promenade Shops at Aventura | 3,648 | 0 | 24,320 | 65,309 | 42,402 | Springing | Major Tenant Reserve | | 131,325 | | 875,502 | |
3 | GACC | Apple Campus 3 | Springing | 0 | 0 | 249,368 | Springing | Springing | Lease Sweep Reserve | | | | | |
4 | JPMCB | EOS 21 | 0 | 0 | 0 | Springing | Springing | 0 | | | | | | |
5 | GACC | Rochester Hotel Portfolio | Borrower is required to deposit the greater of (i) 5.0% of the projected rents for each property’s hotel operations for the prior month, (ii) the amount due under the management agreement and (iii) the amount due under the franchise agreement for FF&E Work | 0 | 0 | 248,408 | 33,894 | 500,000 | Seasonality Reserve: Springing; PIP Reserve: Springing; Renovation Reserve: 500,000 | | | | | |
5.01 | GACC | Rochester Marriott | | | | | | | | | | | | |
5.02 | GACC | Kahler Grand | | | | | | | | | | | | |
5.03 | GACC | Kahler Inn & Suites | | | | | | | | | | | | |
5.04 | GACC | Residence Inn Rochester | | | | | | | | | | | | |
6 | GACC | InterContinental San Francisco | Springing | 0 | 0 | Springing | Springing | 0 | | | | | | |
7 | GACC | Sentinel Square II | Springing | 0 | Springing | Springing | Springing | 0 | | | | | | |
8 | CREFI | The Woods | Springing | 0 | 0 | Springing | Springing | 0 | | | | | | |
9 | JPMCB | 600 Clipper | 4,626 | 0 | 0 | Springing | Springing | 0 | | | | | | |
10 | GACC | Worldwide Plaza | Springing | 0 | Springing | Springing | Springing | Springing | Cravath, Swaine & Moore LLP Reserve | | 2,500,000 | | 10,000,000 | |
11 | CREFI | 64 Wooster Street | 925 | 0 | Springing | 42,685 | 4,846 | 0 | | | | | 300,000 | |
12 | GACC | Hotel Indigo & Austin | The greatest of (i) 2.0% of prior month’s gross revenues through and including 8/1/2018, 3.0% of prior month’s gross revenues beginning 9/1/2018 through and including 8/1/2019, 4.0% of prior month’s gross revenues thereafter, (ii) the amount required under the Management Agreement and (iii) the amount required under the Franchise Agreement for FF&E | 0 | 0 | 52,170 | 8,875 | Springing | Seasonality Reserve; PIP Reserve; Low Debt Service Cure Reserve: Springing | | | | | |
13 | CREFI | Braddock Metro Center | 6,049 | 0 | 19,724 | 95,318 | Springing | 0 | | | | | | |
14 | CREFI | BlueLinx Portfolio | Springing | 0 | Springing | Springing | Springing | 0 | | | | | | |
14.01 | CREFI | BlueLinx Frederick | | | | | | | | | | | | |
14.02 | CREFI | BlueLinx Bellingham | | | | | | | | | | | | |
14.03 | CREFI | BlueLinx Lawrenceville | | | | | | | | | | | | |
14.04 | CREFI | BlueLinx Butner | | | | | | | | | | | | |
15 | GACC | Marina Heights State Farm | Springing | 0 | Springing | Springing | Springing | 0 | | | | | | |
16 | CREFI | Red Building | 6,859 | 0 | Springing | 192,071 | 8,082 | 0 | | | | | 3,966,820 | |
17 | JPMCB | 599 Broadway | 0 | 0 | 0 | Springing | Springing | 0 | | | | | | |
18 | JPMCB | Lehigh Valley Mall | Springing | 0 | 81,785 | Springing | Springing | Springing | Release Parcel Reserve | | 327,140 | | 2,994,258 | |
19 | JPMCB | Atrium Center | 0 | 0 | 0 | Springing | Springing | Springing | Life Time Fitness Reserve | | | | | |
20 | GACC | Signature Place Condominiums | 6,250 | 0 | 0 | 26,173 | 1,304 | 0 | | | | | | |
21 | JPMCB | 90 Hudson | Springing | 0 | Springing | Springing | Springing | Springing | Tenant Trigger Reserve; Partial Termination Reserve | | 172,663 | | 2,589,948 | |
22 | JPMCB | Marriott Charlotte City Center | Springing | 0 | 0 | Springing | Springing | 0 | | | | | | |
23 | GACC | Two Harbor Point Square | 2,335 | 0 | 20,833 | 80,167 | Springing | 1,482 | WPCA Assessment Reserve: 1,482; Declaration Assessment Reserve: Springing | | | | | |
24 | CREFI | One Parkway North Fee | 0 | 0 | 0 | Springing | Springing | Springing | Additional Reserve | | | | | |
25 | CREFI | Village Green of Waterford | 9,113 | 0 | 0 | 22,318 | 9,536 | 0 | | | | | | |
26 | GACC | Gateway Plaza | 1,565 | 0 | 8,238 | 30,613 | Springing | 0 | | | 93,913 | | 300,000 | |
27 | CREFI | 32 East Shopping Center | 2,991 | 0 | 15,743 | 20,381 | Springing | 0 | | | | | | |
28 | CREFI | Hilton Garden Inn - Atlanta Airport North | 1/12 of 2% of Gross Revenues (initially estimated at $12,192) | 0 | 0 | 40,904 | 8,251 | Springing | PIP Reserve; Seasonality Reserve | | | | | |
29 | GACC | 220 Northwest 8th Avenue | 2,901 | 0 | 11,156 | 3,846 | Springing | 0 | | | 110,000 | | 401,610 | |
30 | GACC | Corporate Plaza | 3,774 | 0 | 20,833 | 35,613 | Springing | Springing | Free Rent Reserve | | 226,498 | | 3,000,000 | |
31 | JPMCB | Residence Inn Augusta | 4% of Gross Revenues | 0 | 0 | 20,000 | Springing | Springing | PIP Reserve | | 620,000 | | | |
32 | JPMCB | Towers at University Town Center | 11,375 | 0 | 0 | 116,810 | Springing | 0 | | | | | | |
33 | GACC | Fairfield Portfolio | 4% of projected Rents | 0 | 0 | 8,651 | 4,696 | Springing | Seasonality Reserve | | | | | |
33.01 | GACC | Fairfield Inn & Suites - Greensboro | | | | | | | | | | | | |
33.02 | GACC | Fairfield Inn & Suites - High Point | | | | | | | | | | | | |
34 | GACC | Sabre Center II | 1,548 | 0 | 15,054 | 22,231 | Springing | 0 | | | | | 620,000 | |
35 | JPMCB | Beacon - Criterion | 5,646 | 0 | 0 | 68,620 | Springing | 0 | | | | | | |
36 | CREFI | Holiday Inn Express New Orleans | 1/12 of 2% of Gross Revenues (initially estimated at $7,978) | 0 | 0 | 22,161 | 8,129 | Springing | Seasonality Reserve | | | | | |
37 | JPMCB | Lost Tree Financial Center | 953 | 0 | 7,875 | 13,186 | Springing | 0 | | | | | 378,000 | |
38 | GACC | Coral Club Apartments | 5,500 | 0 | 0 | 19,155 | 6,274 | 0 | | | 198,000 | | | |
39 | JPMCB | Beacon - Hague | 5,021 | 0 | 0 | 70,166 | Springing | 0 | | | | | | |
40 | CREFI | Sam’s Club Atlanta | 0 | 0 | 3,158 | Springing | Springing | Springing | Ground Lease Reserve | | | | | |
41 | CREFI | Marshall’s Plaza | 1,624 | 0 | 6,497 | 37,173 | 2,017 | 0 | | | | | 389,823 | |
42 | JPMCB | Beacon - Paramount | 4,813 | 0 | 0 | 51,555 | Springing | 0 | | | | | | |
43 | JPMCB | Hampton Inn Albuquerque University | 4% of Gross Revenues | 0 | 0 | 5,712 | 2,707 | Springing | PIP Reserve | | | | | |
44 | GACC | 564 6th Street | 219 | 0 | Springing | 4,837 | 369 | 0 | | | | | | |
45 | GACC | Homewood Commons | 2,813 | 0 | Springing | 11,626 | 3,099 | 0 | | | 101,275 | | 500,000 | |
46 | JPMCB | Beacon - Mercury / Garage | 4,750 | 0 | 0 | 29,082 | Springing | 0 | | | | | | |
47 | GACC | Centre Point Plaza | Springing | 0 | Springing | 12,529 | 1,960 | 0 | | | | | 200,000 | |
48 | CREFI | Amsdell Georgia Portfolio | 1,912 | 0 | 0 | 9,122 | Springing | 0 | | | 68,838 | | | |
48.01 | CREFI | Compass Self Storage Conyers | | | | | | | | | | | | |
48.02 | CREFI | McDonough-Henry Self Storage | | | | | | | | | | | | |
48.03 | CREFI | American Self Storage Center | | | | | | | | | | | | |
49 | JPMCB | Beacon - Orpheum | 3,292 | 0 | 0 | 36,934 | Springing | 0 | | | | | | |
50 | GACC | Four Points Nashville Airport | The greatest of (i) 2.0% of prior month’s gross revenues through and including 12/6/2018, 3.0% of prior month’s gross revenues beginning 1/6/2019 through and including 12/6/2020, 4.0% of prior month’s gross revenues thereafter, (ii) the amount required under the Management Agreement and (iii) the amount required under the Franchise Agreement for FF&E | 0 | 0 | 13,117 | Springing | Springing | Seasonality Reserve | | | | | |
51 | GACC | Nelson Duffie Mobile Home Parks | Springing | 0 | 0 | 3,072 | 1,961 | 0 | | | 25,800 | | | |
51.01 | GACC | Riverside Mobile Home Park | | | | | | | | | | | | |
51.02 | GACC | Oaks Mobile Home Park | | | | | | | | | | | | |
52 | GACC | Steeplechase Plaza | 1,586 | 0 | Springing | 6,544 | Springing | 0 | | | 76,129 | | 250,000 | |
53 | JPMCB | Beacon - Tower | 2,667 | 0 | 0 | 26,840 | Springing | 0 | | | | | | |
54 | JPMCB | Holiday Inn Express Glenwood Springs Aspen Area | 4% of Gross Revenues | 0 | 0 | 5,335 | 1,148 | Springing | PIP Reserve; Seasonality Reserve | | | | | |
55 | CREFI | 5657 Copley Drive | 230 | 0 | 0 | Springing | 452 | 0 | | | | | | |
56 | CREFI | WAG Lawrenceville | 181 | 0 | Springing | Springing | 1,846 | 0 | | | | | | |
57 | CREFI | Rite Aid Johnstown | Springing | 0 | Springing | Springing | 640 | 0 | | | | | | |
| | | | | |
| | | RESERVE CAPS(21) |
| | | | | |
| | | Insur. | Debt Service | Other |
Loan # | Seller(1) | Property Name | Reserve Cap ($) | Reserve Cap ($) | Reserve Cap ($) |
1 | CREFI | Central Park of Lisle | 23,934 | | |
2 | JPMCB | Promenade Shops at Aventura | | | An amount equal to $20.00 multiplied by the leasable area at the Property that is subject to the Nordstrom Lease |
3 | GACC | Apple Campus 3 | | 30,892,995 | 30,892,995 |
4 | JPMCB | EOS 21 | | | |
5 | GACC | Rochester Hotel Portfolio | | | Seasonality Reserve: 300,000; PIP Reserve: 1,800,000 |
5.01 | GACC | Rochester Marriott | | | |
5.02 | GACC | Kahler Grand | | | |
5.03 | GACC | Kahler Inn & Suites | | | |
5.04 | GACC | Residence Inn Rochester | | | |
6 | GACC | InterContinental San Francisco | | | |
7 | GACC | Sentinel Square II | | | |
8 | CREFI | The Woods | | | |
9 | JPMCB | 600 Clipper | | | |
10 | GACC | Worldwide Plaza | | | 42,286,860 |
11 | CREFI | 64 Wooster Street | | | |
12 | GACC | Hotel Indigo & Austin | | | |
13 | CREFI | Braddock Metro Center | | | |
14 | CREFI | BlueLinx Portfolio | | | |
14.01 | CREFI | BlueLinx Frederick | | | |
14.02 | CREFI | BlueLinx Bellingham | | | |
14.03 | CREFI | BlueLinx Lawrenceville | | | |
14.04 | CREFI | BlueLinx Butner | | | |
15 | GACC | Marina Heights State Farm | | | |
16 | CREFI | Red Building | | | |
17 | JPMCB | 599 Broadway | | | |
18 | JPMCB | Lehigh Valley Mall | | | |
19 | JPMCB | Atrium Center | | | 4,500,000 |
20 | GACC | Signature Place Condominiums | | | |
21 | JPMCB | 90 Hudson | | | Tenant Trigger Reserve: An amount which, when added to the amounts in the Tenant Trigger Reserve Account and the Partial Termination Reserve Account, is equal to the number of rentable square feet comprising the Tenant Sweep Space multiplied by $50.00 |
22 | JPMCB | Marriott Charlotte City Center | | | |
23 | GACC | Two Harbor Point Square | | | |
24 | CREFI | One Parkway North Fee | | | |
25 | CREFI | Village Green of Waterford | | | |
26 | GACC | Gateway Plaza | | | |
27 | CREFI | 32 East Shopping Center | | | |
28 | CREFI | Hilton Garden Inn - Atlanta Airport North | | | |
29 | GACC | 220 Northwest 8th Avenue | | | |
30 | GACC | Corporate Plaza | | | |
31 | JPMCB | Residence Inn Augusta | | | |
32 | JPMCB | Towers at University Town Center | | | |
33 | GACC | Fairfield Portfolio | | | 200,000 |
33.01 | GACC | Fairfield Inn & Suites - Greensboro | | | |
33.02 | GACC | Fairfield Inn & Suites - High Point | | | |
34 | GACC | Sabre Center II | | | |
35 | JPMCB | Beacon - Criterion | | | |
36 | CREFI | Holiday Inn Express New Orleans | | | |
37 | JPMCB | Lost Tree Financial Center | | | |
38 | GACC | Coral Club Apartments | | | |
39 | JPMCB | Beacon - Hague | | | |
40 | CREFI | Sam’s Club Atlanta | | | |
41 | CREFI | Marshall’s Plaza | | | |
42 | JPMCB | Beacon - Paramount | | | |
43 | JPMCB | Hampton Inn Albuquerque University | | | |
44 | GACC | 564 6th Street | | | |
45 | GACC | Homewood Commons | | | |
46 | JPMCB | Beacon - Mercury / Garage | | | |
47 | GACC | Centre Point Plaza | | | |
48 | CREFI | Amsdell Georgia Portfolio | | | |
48.01 | CREFI | Compass Self Storage Conyers | | | |
48.02 | CREFI | McDonough-Henry Self Storage | | | |
48.03 | CREFI | American Self Storage Center | | | |
49 | JPMCB | Beacon - Orpheum | | | |
50 | GACC | Four Points Nashville Airport | | | 150,000 |
51 | GACC | Nelson Duffie Mobile Home Parks | | | |
51.01 | GACC | Riverside Mobile Home Park | | | |
51.02 | GACC | Oaks Mobile Home Park | | | |
52 | GACC | Steeplechase Plaza | | | |
53 | JPMCB | Beacon - Tower | | | |
54 | JPMCB | Holiday Inn Express Glenwood Springs Aspen Area | | | |
55 | CREFI | 5657 Copley Drive | | | |
56 | CREFI | WAG Lawrenceville | | | |
57 | CREFI | Rite Aid Johnstown | | | |
| | | | | | | | | | | |
| | | | | LARGEST TENANT(3), (22), (23), (24) | | 2nd LARGEST TENANT(3), (22), (23), (24) |
| | | | | | | | | | | |
| | | | Single | | | Lease | | | | Lease |
Loan # | Seller(1) | Property Name | | Tenant | Largest Tenant | Unit Size | Expiration | | 2nd Largest Tenant | Unit Size | Expiration |
1 | CREFI | Central Park of Lisle | | No | Armour-Eckrich Meats LLC | 96,007 | 11/30/27 | | CA Technologies | 72,925 | 04/30/25 |
2 | JPMCB | Promenade Shops at Aventura | | No | Marshalls | 48,385 | 01/31/19 | | Winn Dixie | 35,922 | 03/31/19 |
3 | GACC | Apple Campus 3 | | Yes | Apple | 882,657 | 02/28/31 | | | | |
4 | JPMCB | EOS 21 | | No | | | | | | | |
5 | GACC | Rochester Hotel Portfolio | | No | | | | | | | |
5.01 | GACC | Rochester Marriott | | No | | | | | | | |
5.02 | GACC | Kahler Grand | | No | | | | | | | |
5.03 | GACC | Kahler Inn & Suites | | No | | | | | | | |
5.04 | GACC | Residence Inn Rochester | | No | | | | | | | |
6 | GACC | InterContinental San Francisco | | No | | | | | | | |
7 | GACC | Sentinel Square II | | No | District of Columbia | 164,110 | 02/28/29 | | Federal Election Commission | 99,677 | 11/30/32 |
8 | CREFI | The Woods | | No | | | | | | | |
9 | JPMCB | 600 Clipper | | Yes | Volkswagen Group of America | 158,596 | 12/31/25 | | | | |
10 | GACC | Worldwide Plaza | | No | Nomura Holding America Inc. | 819,906 | 09/30/33 | | Cravath, Swaine & Moore LLP | 617,135 | 08/31/24 |
11 | CREFI | 64 Wooster Street | | No | GCU New York | 13,500 | 03/31/29 | | Harbinger Group | 12,000 | 11/30/18 |
12 | GACC | Hotel Indigo & Austin | | No | | | | | | | |
13 | CREFI | Braddock Metro Center | | No | GSA (United States Department of Agriculture) | 131,000 | 05/31/33 | | Alexandria City School Board | 84,693 | 05/31/29 |
14 | CREFI | BlueLinx Portfolio | | Yes | | | | | | | |
14.01 | CREFI | BlueLinx Frederick | | Yes | BlueLinx Corporation | 680,252 | 12/31/32 | | | | |
14.02 | CREFI | BlueLinx Bellingham | | Yes | BlueLinx Corporation | 489,950 | 12/31/32 | | | | |
14.03 | CREFI | BlueLinx Lawrenceville | | Yes | BlueLinx Corporation | 585,637 | 12/31/32 | | | | |
14.04 | CREFI | BlueLinx Butner | | Yes | BlueLinx Corporation | 551,996 | 12/31/32 | | | | |
15 | GACC | Marina Heights State Farm | | No | State Farm | 1,973,248 | 12/31/42 | | Mountainside Fitness | 17,485 | 03/31/27 |
16 | CREFI | Red Building | | No | WeWork | 69,534 | 01/31/30 | | Whalerock Industries | 36,163 | 10/31/26 |
17 | JPMCB | 599 Broadway | | Yes | 599 Broadway JS, LLC (Jeff Sutton) | 42,000 | 02/28/57 | | | | |
18 | JPMCB | Lehigh Valley Mall | | No | Bob’s Discount Furniture | 30,204 | 03/31/28 | | Barnes & Noble | 29,874 | 01/31/23 |
19 | JPMCB | Atrium Center | | No | Dana Farber Cancer Institute | 143,750 | 04/30/33 | | Life Time Fitness | 116,524 | 11/30/37 |
20 | GACC | Signature Place Condominiums | | No | | | | | | | |
21 | JPMCB | 90 Hudson | | No | Lord Abbett | 261,350 | 12/31/24 | | Charles Komar & Sons | 159,341 | 12/31/31 |
22 | JPMCB | Marriott Charlotte City Center | | No | | | | | | | |
23 | GACC | Two Harbor Point Square | | No | X.L. Global Services, Inc. | 47,838 | 09/30/22 | | Structured Portfolio Management, L.L.C. | 23,919 | 11/30/22 |
24 | CREFI | One Parkway North Fee | | No | | | | | | | |
25 | CREFI | Village Green of Waterford | | No | | | | | | | |
26 | GACC | Gateway Plaza | | No | State Of California | 25,306 | 03/31/24 | | Regus | 14,379 | 05/31/24 |
27 | CREFI | 32 East Shopping Center | | No | Burlington Coat Factory | 45,901 | 02/28/30 | | Stein Mart, Inc. | 25,500 | 03/31/27 |
28 | CREFI | Hilton Garden Inn - Atlanta Airport North | | No | | | | | | | |
29 | GACC | 220 Northwest 8th Avenue | | Yes | WeWork | 66,935 | 06/30/32 | | | | |
30 | GACC | Corporate Plaza | | No | United States of America General Services Administration (IRS) | 36,301 | 09/15/24 | | Rental Concepts, Inc. d/b/a Fleet Response | 24,148 | 08/31/21 |
31 | JPMCB | Residence Inn Augusta | | No | | | | | | | |
32 | JPMCB | Towers at University Town Center | | No | | | | | | | |
33 | GACC | Fairfield Portfolio | | No | | | | | | | |
33.01 | GACC | Fairfield Inn & Suites - Greensboro | | No | | | | | | | |
33.02 | GACC | Fairfield Inn & Suites - High Point | | No | | | | | | | |
34 | GACC | Sabre Center II | | No | Globaltech | 11,673 | 09/30/24 | | Trilogy Educational | 11,112 | 11/30/22 |
35 | JPMCB | Beacon - Criterion | | No | | | | | | | |
36 | CREFI | Holiday Inn Express New Orleans | | No | | | | | | | |
37 | JPMCB | Lost Tree Financial Center | | No | Ameriprise Holdings, Inc. | 14,185 | 01/31/25 | | Otter Creek | 5,099 | 07/31/21 |
38 | GACC | Coral Club Apartments | | No | | | | | | | |
39 | JPMCB | Beacon - Hague | | No | | | | | | | |
40 | CREFI | Sam’s Club Atlanta | | Yes | Sam’s Club | 129,562 | 05/31/26 | | | | |
41 | CREFI | Marshall’s Plaza | | No | Bob’s Stores | 41,114 | 01/31/28 | | Marshalls | 28,000 | 01/31/26 |
42 | JPMCB | Beacon - Paramount | | No | | | | | | | |
43 | JPMCB | Hampton Inn Albuquerque University | | No | | | | | | | |
44 | GACC | 564 6th Street | | Yes | City and County of San Francisco | 17,500 | 06/30/26 | | | | |
45 | GACC | Homewood Commons | | No | Restaurant Depot | 52,091 | 06/30/23 | | Altitude Trampoline Park | 30,000 | 12/31/23 |
46 | JPMCB | Beacon - Mercury / Garage | | No | | | | | | | |
47 | GACC | Centre Point Plaza | | No | Belk, Inc. | 58,801 | 12/31/22 | | Burke’s Outlet Stores, LLC | 32,230 | 01/31/21 |
48 | CREFI | Amsdell Georgia Portfolio | | No | | | | | | | |
48.01 | CREFI | Compass Self Storage Conyers | | No | | | | | | | |
48.02 | CREFI | McDonough-Henry Self Storage | | No | | | | | | | |
48.03 | CREFI | American Self Storage Center | | No | | | | | | | |
49 | JPMCB | Beacon - Orpheum | | No | | | | | | | |
50 | GACC | Four Points Nashville Airport | | No | | | | | | | |
51 | GACC | Nelson Duffie Mobile Home Parks | | No | | | | | | | |
51.01 | GACC | Riverside Mobile Home Park | | No | | | | | | | |
51.02 | GACC | Oaks Mobile Home Park | | No | | | | | | | |
52 | GACC | Steeplechase Plaza | | No | Bealls Outlet | 23,750 | 04/30/28 | | Save-a-Lot | 16,200 | 02/28/21 |
53 | JPMCB | Beacon - Tower | | No | | | | | | | |
54 | JPMCB | Holiday Inn Express Glenwood Springs Aspen Area | | No | | | | | | | |
55 | CREFI | 5657 Copley Drive | | Yes | Mr. Copy, Inc. | 18,434 | 02/28/25 | | | | |
56 | CREFI | WAG Lawrenceville | | Yes | Walgreens | 14,490 | 12/31/29 | | | | |
57 | CREFI | Rite Aid Johnstown | | Yes | Rite Aid | 11,115 | 01/31/37 | | | | |
| | | | | | | | | | | | | | |
| | | | 3rd LARGEST TENANT(3), (22), (23), (24) | | 4th LARGEST TENANT(3), (23), (24) | | 5th LARGEST TENANT(3), (24) |
| | | | | | | | | | | | | | |
| | | | | | Lease | | | | Lease | | | | Lease |
Loan # | Seller(1) | Property Name | | 3rd Largest Tenant | Unit Size | Expiration | | 4th Largest Tenant | Unit Size | Expiration | | 5th Largest Tenant | Unit Size | Expiration |
1 | CREFI | Central Park of Lisle | | EMC Corporation | 43,879 | 12/31/23 | | Kantar LLC | 43,400 | 01/31/25 | | Lifestart | 37,137 | 04/30/22 |
2 | JPMCB | Promenade Shops at Aventura | | Nordstrom Rack | 34,707 | 03/31/21 | | Michaels Stores, Inc. | 21,213 | 03/01/20 | | Olympia Gym | 15,914 | 03/31/25 |
3 | GACC | Apple Campus 3 | | | | | | | | | | | | |
4 | JPMCB | EOS 21 | | | | | | | | | | | | |
5 | GACC | Rochester Hotel Portfolio | | | | | | | | | | | | |
5.01 | GACC | Rochester Marriott | | | | | | | | | | | | |
5.02 | GACC | Kahler Grand | | | | | | | | | | | | |
5.03 | GACC | Kahler Inn & Suites | | | | | | | | | | | | |
5.04 | GACC | Residence Inn Rochester | | | | | | | | | | | | |
6 | GACC | InterContinental San Francisco | | | | | | | | | | | | |
7 | GACC | Sentinel Square II | | | | | | | | | | | | |
8 | CREFI | The Woods | | | | | | | | | | | | |
9 | JPMCB | 600 Clipper | | | | | | | | | | | | |
10 | GACC | Worldwide Plaza | | Mercury Parking LLC | 131,971 | 11/30/27 | | WNET.ORG and THIRTEEN | 102,709 | 08/31/26 | | Rubenstein Associates, Inc. | 68,432 | 04/30/31 |
11 | CREFI | 64 Wooster Street | | Steven Meisel | 6,000 | 11/30/23 | | Kaleidoscope | 6,000 | 07/31/26 | | Moulton Dermatology | 3,000 | 01/31/27 |
12 | GACC | Hotel Indigo & Austin | | | | | | | | | | | | |
13 | CREFI | Braddock Metro Center | | Close Up Foundation | 13,594 | 12/31/21 | | Gifts in Kind International / Good360 | 12,968 | 12/31/21 | | Phase2 Technology, LLC | 11,348 | 12/31/21 |
14 | CREFI | BlueLinx Portfolio | | | | | | | | | | | | |
14.01 | CREFI | BlueLinx Frederick | | | | | | | | | | | | |
14.02 | CREFI | BlueLinx Bellingham | | | | | | | | | | | | |
14.03 | CREFI | BlueLinx Lawrenceville | | | | | | | | | | | | |
14.04 | CREFI | BlueLinx Butner | | | | | | | | | | | | |
15 | GACC | Marina Heights State Farm | | Compass | 16,800 | 12/31/31 | | Honor Health | 5,736 | 07/31/27 | | | | |
16 | CREFI | Red Building | | Gaumont Television USA | 30,388 | 07/31/27 | | Clique Media | 28,346 | 01/31/26 | | Abrams Artist Agency | 26,668 | 01/31/28 |
17 | JPMCB | 599 Broadway | | | | | | | | | | | | |
18 | JPMCB | Lehigh Valley Mall | | Modell’s Sporting Goods | 13,882 | 01/31/22 | | Pottery Barn | 13,011 | 01/31/20 | | New York & Company | 11,306 | 03/31/18 |
19 | JPMCB | Atrium Center | | CCRM | 17,936 | 05/31/32 | | Boylston Street Dental | 8,725 | 04/30/33 | | Newton - Wellesley Hospital | 6,185 | 12/31/27 |
20 | GACC | Signature Place Condominiums | | | | | | | | | | | | |
21 | JPMCB | 90 Hudson | | | | | | | | | | | | |
22 | JPMCB | Marriott Charlotte City Center | | | | | | | | | | | | |
23 | GACC | Two Harbor Point Square | | McKinsey & Company, Inc. | 23,919 | 07/31/21 | | Castleton Commodities | 16,574 | 05/31/27 | | Insight Global | 7,345 | 04/30/22 |
24 | CREFI | One Parkway North Fee | | | | | | | | | | | | |
25 | CREFI | Village Green of Waterford | | | | | | | | | | | | |
26 | GACC | Gateway Plaza | | North LA County Regional Center | 11,080 | 05/31/21 | | Poole & Shaffery, LLP | 9,229 | 04/30/22 | | California United Bank | 6,953 | 05/31/27 |
27 | CREFI | 32 East Shopping Center | | Michaels Stores, Inc. | 23,957 | 02/28/20 | | HomeGoods | 21,000 | 04/30/26 | | Ulta | 10,243 | 06/30/26 |
28 | CREFI | Hilton Garden Inn - Atlanta Airport North | | | | | | | | | | | | |
29 | GACC | 220 Northwest 8th Avenue | | | | | | | | | | | | |
30 | GACC | Corporate Plaza | | United States of America General Services Administration (Secret Service) | 15,373 | 09/30/20 | | Advizex Technologies, LLC. | 13,359 | 06/30/21 | | EMC Corporation | 13,030 | 11/30/18 |
31 | JPMCB | Residence Inn Augusta | | | | | | | | | | | | |
32 | JPMCB | Towers at University Town Center | | | | | | | | | | | | |
33 | GACC | Fairfield Portfolio | | | | | | | | | | | | |
33.01 | GACC | Fairfield Inn & Suites - Greensboro | | | | | | | | | | | | |
33.02 | GACC | Fairfield Inn & Suites - High Point | | | | | | | | | | | | |
34 | GACC | Sabre Center II | | HCL America Inc | 6,921 | 10/31/22 | | Broadsoft | 6,650 | 11/30/22 | | Beacon Group, Inc. | 5,637 | 01/31/21 |
35 | JPMCB | Beacon - Criterion | | | | | | | | | | | | |
36 | CREFI | Holiday Inn Express New Orleans | | | | | | | | | | | | |
37 | JPMCB | Lost Tree Financial Center | | Lowry Research Corporation | 5,009 | 03/31/28 | | Williams, Leininger & Cosby, P.A. | 4,981 | 11/30/25 | | Center for Discovery | 4,563 | 09/30/21 |
38 | GACC | Coral Club Apartments | | | | | | | �� | | | | | |
39 | JPMCB | Beacon - Hague | | | | | | | | | | | | |
40 | CREFI | Sam’s Club Atlanta | | | | | | | | | | | | |
41 | CREFI | Marshall’s Plaza | | Toni & Guy Hairdressing Academy | 12,020 | 07/31/20 | | Dollar Tree | 10,013 | 02/28/23 | | Lakeshore Learning Store | 7,500 | 10/31/18 |
42 | JPMCB | Beacon - Paramount | | | | | | | | | | | | |
43 | JPMCB | Hampton Inn Albuquerque University | | | | | | | | | | | | |
44 | GACC | 564 6th Street | | | | | | | | | | | | |
45 | GACC | Homewood Commons | | Dirt Cheap | 30,000 | 05/31/20 | | Planet Fitness | 20,000 | 02/28/25 | | AT&T Mobility | 10,000 | 03/31/19 |
46 | JPMCB | Beacon - Mercury / Garage | | | | | | | | | | | | |
47 | GACC | Centre Point Plaza | | Dollar Tree Stores, Inc. | 21,000 | 05/31/20 | | Aaron’s, Inc. | 10,150 | 12/31/19 | | Hibbett Sporting Goods, Inc. | 5,200 | 08/31/19 |
48 | CREFI | Amsdell Georgia Portfolio | | | | | | | | | | | | |
48.01 | CREFI | Compass Self Storage Conyers | | | | | | | | | | | | |
48.02 | CREFI | McDonough-Henry Self Storage | | | | | | | | | | | | |
48.03 | CREFI | American Self Storage Center | | | | | | | | | | | | |
49 | JPMCB | Beacon - Orpheum | | | | | | | | | | | | |
50 | GACC | Four Points Nashville Airport | | | | | | | | | | | | |
51 | GACC | Nelson Duffie Mobile Home Parks | | | | | | | | | | | | |
51.01 | GACC | Riverside Mobile Home Park | | | | | | | | | | | | |
51.02 | GACC | Oaks Mobile Home Park | | | | | | | | | | | | |
52 | GACC | Steeplechase Plaza | | Thrift Store | 12,000 | 06/16/27 | | Davita | 9,995 | 11/30/27 | | Ace | 7,500 | 09/30/24 |
53 | JPMCB | Beacon - Tower | | | | | | | | | | | | |
54 | JPMCB | Holiday Inn Express Glenwood Springs Aspen Area | | | | | | | | | | | | |
55 | CREFI | 5657 Copley Drive | | | | | | | | | | | | |
56 | CREFI | WAG Lawrenceville | | | | | | | | | | | | |
57 | CREFI | Rite Aid Johnstown | | | | | | | | | | | | |
| | | | | | |
| | | | Loan | | Lockbox |
Loan # | Seller(1) | Property Name | | Purpose | Principal / Carveout Guarantor(25) | (Y/N) |
1 | CREFI | Central Park of Lisle | | Acquisition | Lincoln Property Company Commercial, Inc. | Yes |
2 | JPMCB | Promenade Shops at Aventura | | Refinance | Andrew D. Gumberg | Yes |
3 | GACC | Apple Campus 3 | | Refinance | Paul Guarantor LLC | Yes |
4 | JPMCB | EOS 21 | | Acquisition | CIM SMA I-B Investments, LLC | Yes |
5 | GACC | Rochester Hotel Portfolio | | Refinance | Javon R. Bea, Vita E. Bea | Yes |
5.01 | GACC | Rochester Marriott | | | | |
5.02 | GACC | Kahler Grand | | | | |
5.03 | GACC | Kahler Inn & Suites | | | | |
5.04 | GACC | Residence Inn Rochester | | | | |
6 | GACC | InterContinental San Francisco | | Refinance | CDC San Francisco LLC | Yes |
7 | GACC | Sentinel Square II | | Acquisition | Hana Alternative Asset Management Co., Ltd. | Yes |
8 | CREFI | The Woods | | Refinance | Arcadia Development Co. | Yes |
9 | JPMCB | 600 Clipper | | Acquisition | Gemini-Rosemont Realty LLC | Yes |
10 | GACC | Worldwide Plaza | | Refinance | SL Green Operating Partnership, L.P., RXR Real Estate Value Added Fund - Fund III LP, RXR RE VAF - Fund III Parallel A LP, RXR RE VAF - Fund III Parallel B LP, RXR RE VAF - Fund III Parallel B (REIT) LP, RXR RE VAF - Fund III Parallel C LP, RXR RE VAF - Fund III Parallel D LP | Yes |
11 | CREFI | 64 Wooster Street | | Refinance | Esshagh Dario Zar | Yes |
12 | GACC | Hotel Indigo & Austin | | Acquisition | The David and Angella Nazarian Family Trust, dated May 18, 1994, David Nazarian | Yes |
13 | CREFI | Braddock Metro Center | | Acquisition | Kawa Capital Partners LLC, Kawa Investments LLC | Yes |
14 | CREFI | BlueLinx Portfolio | | Acquisition | Michael W. Brennan, Scott D. McKibben, Samuel A. Mandarino, Robert G. Vanecko, Eduardo E. Paneque, Allen Crosswell, Greenwood Holding Company LLC, William T. MacMane, Brad O’Halloran | Yes |
14.01 | CREFI | BlueLinx Frederick | | | | |
14.02 | CREFI | BlueLinx Bellingham | | | | |
14.03 | CREFI | BlueLinx Lawrenceville | | | | |
14.04 | CREFI | BlueLinx Butner | | | | |
15 | GACC | Marina Heights State Farm | | Acquisition | Transwestern Investment Group, Corporate Properties Trust III, L.P. | Yes |
16 | CREFI | Red Building | | Refinance | Charles Steven Cohen | Yes |
17 | JPMCB | 599 Broadway | | Refinance | Arthur Cornfeld, Alan Fisher, David Topping | Yes |
18 | JPMCB | Lehigh Valley Mall | | Refinance | Simon Property Group, L.P., Pennsylvania Real Estate Investment Trust | Yes |
19 | JPMCB | Atrium Center | | Recapitalization | NAP | Yes |
20 | GACC | Signature Place Condominiums | | Refinance | Janet LePage, Jim Szabo, Tony Quattrin, Robert Tanaka, David Steele | Yes |
21 | JPMCB | 90 Hudson | | Refinance | SSC V, L.P. | Yes |
22 | JPMCB | Marriott Charlotte City Center | | Acquisition | Carey Watermark Investors 2 Incorporated | Yes |
23 | GACC | Two Harbor Point Square | | Refinance | Harbor Point Holding Company LLC | Yes |
24 | CREFI | One Parkway North Fee | | Acquisition | Kawa Capital Partners LLC | Yes |
25 | CREFI | Village Green of Waterford | | Acquisition | Shawn Stafford | Yes |
26 | GACC | Gateway Plaza | | Refinance | Thomas R. Von Der Ahe, Thomas R. Von Der Ahe, Jr. | Yes |
27 | CREFI | 32 East Shopping Center | | Acquisition | Robert L. Stark | Yes |
28 | CREFI | Hilton Garden Inn - Atlanta Airport North | | Refinance | Ramesh S. Patel | Yes |
29 | GACC | 220 Northwest 8th Avenue | | Acquisition | Philip Barach, Barach Family Living Trust Dated February 11, 2008 | Yes |
30 | GACC | Corporate Plaza | | Acquisition | Brad Coven, Joseph Greenberg | Yes |
31 | JPMCB | Residence Inn Augusta | | Refinance | Dilipkumar Patel, Bipin Hira | Yes |
32 | JPMCB | Towers at University Town Center | | Acquisition | Harold Rosenblum | Yes |
33 | GACC | Fairfield Portfolio | | Acquisition | Hiren Patel, Balkrishna Patel | Yes |
33.01 | GACC | Fairfield Inn & Suites - Greensboro | | | | |
33.02 | GACC | Fairfield Inn & Suites - High Point | | | | |
34 | GACC | Sabre Center II | | Refinance | Marla Steinman | Yes |
35 | JPMCB | Beacon - Criterion | | Refinance | BLT Real Estate JV8 LLC | Yes |
36 | CREFI | Holiday Inn Express New Orleans | | Acquisition | JMI Realty, LLC | Yes |
37 | JPMCB | Lost Tree Financial Center | | Refinance | Charles M. Bayer, Jr. | Yes |
38 | GACC | Coral Club Apartments | | Refinance | Shyam H. Hingorani | Yes |
39 | JPMCB | Beacon - Hague | | Refinance | BLT Real Estate JV8 LLC | Yes |
40 | CREFI | Sam’s Club Atlanta | | Refinance | Mohannad Malas, The Mohannad & Rana Malas Family Trust | Yes |
41 | CREFI | Marshall’s Plaza | | Acquisition | Jon Goldberg, Leo Bernstein | Yes |
42 | JPMCB | Beacon - Paramount | | Refinance | BLT Real Estate JV8 LLC | Yes |
43 | JPMCB | Hampton Inn Albuquerque University | | Refinance | Anthony Jon Sherman | Yes |
44 | GACC | 564 6th Street | | Refinance | Guardian Commercial Real Estate, L.P. | Yes |
45 | GACC | Homewood Commons | | Acquisition | K. Lawrence Gragg, Blake R. Berg, Mark C. Ibanez | Yes |
46 | JPMCB | Beacon - Mercury / Garage | | Refinance | BLT Real Estate JV8 LLC | Yes |
47 | GACC | Centre Point Plaza | | Acquisition | Mark M. Salomon, Patricia Ostermeier | Yes |
48 | CREFI | Amsdell Georgia Portfolio | | Acquisition/Recapitalization | Robert J. Amsdell, Barry L. Amsdell | Yes |
48.01 | CREFI | Compass Self Storage Conyers | | | | |
48.02 | CREFI | McDonough-Henry Self Storage | | | | |
48.03 | CREFI | American Self Storage Center | | | | |
49 | JPMCB | Beacon - Orpheum | | Refinance | BLT Real Estate JV8 LLC | Yes |
50 | GACC | Four Points Nashville Airport | | Refinance | Nimesh Patel, Nitesh Patel | Yes |
51 | GACC | Nelson Duffie Mobile Home Parks | | Refinance | Richard R. Nelson III, John C. Duffie | Yes |
51.01 | GACC | Riverside Mobile Home Park | | | | |
51.02 | GACC | Oaks Mobile Home Park | | | | |
52 | GACC | Steeplechase Plaza | | Refinance | Timothy J. O’Neill, Jr. | Yes |
53 | JPMCB | Beacon - Tower | | Refinance | BLT Real Estate JV8 LLC | Yes |
54 | JPMCB | Holiday Inn Express Glenwood Springs Aspen Area | | Acquisition | Anthony Jon Sherman | Yes |
55 | CREFI | 5657 Copley Drive | | Acquisition | Roy Doumani | Yes |
56 | CREFI | WAG Lawrenceville | | Acquisition | David Feldman | Yes |
57 | CREFI | Rite Aid Johnstown | | Acquisition | Thomas Anderson | Yes |
| | | | | | | | | | | | |
| | | | | Pari Passu Debt | | Additional Debt |
| | | | | | Pari Passu | Pari Passu | Pari Passu | Total Cut-off | | | |
| | | Lockbox | Cash | Pari Passu | Note Control | Piece In Trust | Piece Non Trust | Date Pari | | Addit Debt | Addit Debt |
Loan # | Seller(1) | Property Name | Type(26) | Management(26) | (Y/N) | (Y/N)(27) | Cut-Off Balance | Cut-Off Balance | Passu Debt | | Permitted (Y/N) | Exist (Y/N)(28) |
1 | CREFI | Central Park of Lisle | Hard | Springing | No | NAP | NAP | NAP | NAP | | No | Yes |
2 | JPMCB | Promenade Shops at Aventura | Hard | In Place | No | NAP | NAP | NAP | NAP | | Yes | No |
3 | GACC | Apple Campus 3 | Hard | In Place | Yes | No | 68,000,000 | 272,000,000 | 340,000,000 | | No | Yes |
4 | JPMCB | EOS 21 | Soft | Springing | Yes | Yes | 60,000,000 | 90,000,000 | 150,000,000 | | Yes | No |
5 | GACC | Rochester Hotel Portfolio | Hard | Springing | Yes | Yes | 60,000,000 | 80,000,000 | 140,000,000 | | No | No |
5.01 | GACC | Rochester Marriott | | | | | | | | | | |
5.02 | GACC | Kahler Grand | | | | | | | | | | |
5.03 | GACC | Kahler Inn & Suites | | | | | | | | | | |
5.04 | GACC | Residence Inn Rochester | | | | | | | | | | |
6 | GACC | InterContinental San Francisco | Springing | Springing | Yes | Yes | 59,922,671 | 49,935,559 | 109,858,230 | | Yes | No |
7 | GACC | Sentinel Square II | Hard | In Place | Yes | Yes | 57,660,000 | 45,000,000 | 102,660,000 | | No | No |
8 | CREFI | The Woods | Springing | Springing | Yes | No | 57,500,000 | 142,500,000 | 200,000,000 | | No | No |
9 | JPMCB | 600 Clipper | Hard | Springing | No | NAP | NAP | NAP | NAP | | No | No |
10 | GACC | Worldwide Plaza | Hard | Springing | Yes | No | 50,000,000 | 566,286,000 | 616,286,000 | | Yes | Yes |
11 | CREFI | 64 Wooster Street | Hard | Springing | No | NAP | NAP | NAP | NAP | | No | No |
12 | GACC | Hotel Indigo & Austin | Hard | Springing | No | NAP | NAP | NAP | NAP | | Yes | No |
13 | CREFI | Braddock Metro Center | Hard | Springing | Yes | Yes | 44,200,000 | 30,000,000 | 74,200,000 | | No | No |
14 | CREFI | BlueLinx Portfolio | Springing | Springing | Yes | Yes | 42,900,000 | 28,600,000 | 71,500,000 | | No | No |
14.01 | CREFI | BlueLinx Frederick | | | | | | | | | | |
14.02 | CREFI | BlueLinx Bellingham | | | | | | | | | | |
14.03 | CREFI | BlueLinx Lawrenceville | | | | | | | | | | |
14.04 | CREFI | BlueLinx Butner | | | | | | | | | | |
15 | GACC | Marina Heights State Farm | Hard | Springing | Yes | No | 41,000,000 | 519,000,000 | 560,000,000 | | No | No |
16 | CREFI | Red Building | Hard | Springing | Yes | Yes | 40,000,000 | 40,000,000 | 80,000,000 | | Yes | Yes |
17 | JPMCB | 599 Broadway | Hard | Springing | Yes | Yes | 40,000,000 | 35,000,000 | 75,000,000 | | Yes | No |
18 | JPMCB | Lehigh Valley Mall | Hard | Springing | Yes | No | 35,355,560 | 163,830,696 | 199,186,256 | | No | No |
19 | JPMCB | Atrium Center | Hard | Springing | Yes | No | 35,000,000 | 80,000,000 | 115,000,000 | | No | No |
20 | GACC | Signature Place Condominiums | Soft | Springing | No | NAP | NAP | NAP | NAP | | No | No |
21 | JPMCB | 90 Hudson | Hard | Springing | Yes | No | 30,000,000 | 100,000,000 | 130,000,000 | | No | No |
22 | JPMCB | Marriott Charlotte City Center | Soft | Springing | Yes | No | 30,000,000 | 73,000,000 | 103,000,000 | | No | No |
23 | GACC | Two Harbor Point Square | Hard | In Place | Yes | No | 24,750,000 | 24,750,000 | 49,500,000 | | No | Yes |
24 | CREFI | One Parkway North Fee | Hard | Springing | No | NAP | NAP | NAP | NAP | | No | No |
25 | CREFI | Village Green of Waterford | Springing | Springing | No | NAP | NAP | NAP | NAP | | No | No |
26 | GACC | Gateway Plaza | Hard | Springing | No | NAP | NAP | NAP | NAP | | No | No |
27 | CREFI | 32 East Shopping Center | Hard | Springing | No | NAP | NAP | NAP | NAP | | No | No |
28 | CREFI | Hilton Garden Inn - Atlanta Airport North | Springing | Springing | No | NAP | NAP | NAP | NAP | | No | No |
29 | GACC | 220 Northwest 8th Avenue | Hard | Springing | No | NAP | NAP | NAP | NAP | | No | No |
30 | GACC | Corporate Plaza | Hard | Springing | No | NAP | NAP | NAP | NAP | | No | No |
31 | JPMCB | Residence Inn Augusta | Hard | Springing | No | NAP | NAP | NAP | NAP | | No | No |
32 | JPMCB | Towers at University Town Center | Soft | In Place | Yes | Yes | 15,000,000 | 31,000,000 | 46,000,000 | | No | No |
33 | GACC | Fairfield Portfolio | Hard | In Place | No | NAP | NAP | NAP | NAP | | No | Yes |
33.01 | GACC | Fairfield Inn & Suites - Greensboro | | | | | | | | | | |
33.02 | GACC | Fairfield Inn & Suites - High Point | | | | | | | | | | |
34 | GACC | Sabre Center II | Springing | Springing | No | NAP | NAP | NAP | NAP | | No | No |
35 | JPMCB | Beacon - Criterion | Soft | In Place | Yes | No | 13,305,255 | 24,675,200 | 37,980,455 | | No | Yes |
36 | CREFI | Holiday Inn Express New Orleans | Hard | Springing | No | NAP | NAP | NAP | NAP | | No | No |
37 | JPMCB | Lost Tree Financial Center | Springing | Springing | No | NAP | NAP | NAP | NAP | | No | No |
38 | GACC | Coral Club Apartments | Springing | Springing | No | NAP | NAP | NAP | NAP | | No | No |
39 | JPMCB | Beacon - Hague | Soft | In Place | Yes | No | 11,420,588 | 21,180,000 | 32,600,588 | | No | Yes |
40 | CREFI | Sam’s Club Atlanta | Springing | Springing | No | NAP | NAP | NAP | NAP | | No | No |
41 | CREFI | Marshall’s Plaza | Springing | Springing | No | NAP | NAP | NAP | NAP | | No | No |
42 | JPMCB | Beacon - Paramount | Soft | In Place | Yes | No | 9,703,725 | 17,996,000 | 27,699,725 | | No | Yes |
43 | JPMCB | Hampton Inn Albuquerque University | Hard | Springing | No | NAP | NAP | NAP | NAP | | No | No |
44 | GACC | 564 6th Street | Hard | Springing | No | NAP | NAP | NAP | NAP | | No | No |
45 | GACC | Homewood Commons | Springing | Springing | No | NAP | NAP | NAP | NAP | | No | No |
46 | JPMCB | Beacon - Mercury / Garage | Soft | In Place | Yes | No | 7,968,529 | 14,778,000 | 22,746,529 | | No | Yes |
47 | GACC | Centre Point Plaza | Springing | Springing | No | NAP | NAP | NAP | NAP | | No | No |
48 | CREFI | Amsdell Georgia Portfolio | Springing | Springing | No | NAP | NAP | NAP | NAP | | No | No |
48.01 | CREFI | Compass Self Storage Conyers | | | | | | | | | | |
48.02 | CREFI | McDonough-Henry Self Storage | | | | | | | | | | |
48.03 | CREFI | American Self Storage Center | | | | | | | | | | |
49 | JPMCB | Beacon - Orpheum | Soft | In Place | Yes | No | 7,417,020 | 13,755,200 | 21,172,220 | | No | Yes |
50 | GACC | Four Points Nashville Airport | Springing | Springing | No | NAP | NAP | NAP | NAP | | No | No |
51 | GACC | Nelson Duffie Mobile Home Parks | Springing | Springing | No | NAP | NAP | NAP | NAP | | No | No |
51.01 | GACC | Riverside Mobile Home Park | | | | | | | | | | |
51.02 | GACC | Oaks Mobile Home Park | | | | | | | | | | |
52 | GACC | Steeplechase Plaza | Springing | Springing | No | NAP | NAP | NAP | NAP | | No | No |
53 | JPMCB | Beacon - Tower | Soft | In Place | Yes | No | 5,184,882 | 9,615,600 | 14,800,482 | | No | Yes |
54 | JPMCB | Holiday Inn Express Glenwood Springs Aspen Area | Hard | Springing | No | NAP | NAP | NAP | NAP | | No | No |
55 | CREFI | 5657 Copley Drive | Hard | Springing | No | NAP | NAP | NAP | NAP | | No | No |
56 | CREFI | WAG Lawrenceville | Springing | Springing | No | NAP | NAP | NAP | NAP | | No | No |
57 | CREFI | Rite Aid Johnstown | Springing | Springing | No | NAP | NAP | NAP | NAP | | No | No |
| | | | | | | | |
| | | Additional Debt | | Total Debt |
| | | | Additional | | | | Total Debt |
| | | Additional | Debt Cut off | Additional Debt | | Total Debt | UW NCF |
Loan # | Seller(1) | Property Name | Debt Type(s) | Date Balance | Interest Rate | | Cut-off Balance | DSCR |
1 | CREFI | Central Park of Lisle | B-Note | 14,350,000 | 7.60000 | | 93,850,000 | 1.96 |
2 | JPMCB | Promenade Shops at Aventura | Permitted Mezzanine | NAP | NAP | | NAP | NAP |
3 | GACC | Apple Campus 3 | Senior Mezzanine Loan ($117,500,000)/Junior Mezzanine Loan ($117,500,000) | 235,000,000 | 5.31000 | | 575,000,000 | 1.70 |
4 | JPMCB | EOS 21 | Permitted Mezzanine | NAP | NAP | | 150,000,000 | 1.87 |
5 | GACC | Rochester Hotel Portfolio | NAP | NAP | NAP | | 140,000,000 | 1.50 |
5.01 | GACC | Rochester Marriott | | | | | | 1.50 |
5.02 | GACC | Kahler Grand | | | | | | 1.50 |
5.03 | GACC | Kahler Inn & Suites | | | | | | 1.50 |
5.04 | GACC | Residence Inn Rochester | | | | | | 1.50 |
6 | GACC | InterContinental San Francisco | Permitted Mezzanine | NAP | NAP | | 109,858,230 | 2.29 |
7 | GACC | Sentinel Square II | NAP | NAP | NAP | | 102,660,000 | 2.70 |
8 | CREFI | The Woods | NAP | NAP | NAP | | 200,000,000 | 5.01 |
9 | JPMCB | 600 Clipper | NAP | NAP | NAP | | NAP | NAP |
10 | GACC | Worldwide Plaza | B-Notes (323,714,000)/Mezzanine Loans (260,000,000)/Permitted Mezzanine/Permitted Debt-like Preferred Equity | 583,714,000 | 4.38412 | | 1,200,000,000 | 1.75 |
11 | CREFI | 64 Wooster Street | NAP | NAP | NAP | | NAP | NAP |
12 | GACC | Hotel Indigo & Austin | Permitted Mezzanine | NAP | NAP | | NAP | NAP |
13 | CREFI | Braddock Metro Center | NAP | NAP | NAP | | 74,200,000 | 1.49 |
14 | CREFI | BlueLinx Portfolio | NAP | NAP | NAP | | 71,500,000 | 2.46 |
14.01 | CREFI | BlueLinx Frederick | | | | | | 2.46 |
14.02 | CREFI | BlueLinx Bellingham | | | | | | 2.46 |
14.03 | CREFI | BlueLinx Lawrenceville | | | | | | 2.46 |
14.04 | CREFI | BlueLinx Butner | | | | | | 2.46 |
15 | GACC | Marina Heights State Farm | NAP | NAP | NAP | | 560,000,000 | 3.12 |
16 | CREFI | Red Building | B-Note (51,000,000)/C-Note (65,000,000)/Permitted Mezzanine | 116,000,000 | 5.67026 | | 196,000,000 | 1.15 |
17 | JPMCB | 599 Broadway | Permitted Mezzanine | NAP | NAP | | 75,000,000 | 1.75 |
18 | JPMCB | Lehigh Valley Mall | NAP | NAP | NAP | | 199,186,256 | 2.07 |
19 | JPMCB | Atrium Center | NAP | NAP | NAP | | 115,000,000 | 2.05 |
20 | GACC | Signature Place Condominiums | NAP | NAP | NAP | | NAP | NAP |
21 | JPMCB | 90 Hudson | NAP | NAP | NAP | | 130,000,000 | 2.04 |
22 | JPMCB | Marriott Charlotte City Center | NAP | NAP | NAP | | 103,000,000 | 2.76 |
23 | GACC | Two Harbor Point Square | Mezzanine Loan | 11,500,000 | 9.75000 | | 61,000,000 | 1.28 |
24 | CREFI | One Parkway North Fee | NAP | NAP | NAP | | NAP | NAP |
25 | CREFI | Village Green of Waterford | NAP | NAP | NAP | | NAP | NAP |
26 | GACC | Gateway Plaza | NAP | NAP | NAP | | NAP | NAP |
27 | CREFI | 32 East Shopping Center | NAP | NAP | NAP | | NAP | NAP |
28 | CREFI | Hilton Garden Inn - Atlanta Airport North | NAP | NAP | NAP | | NAP | NAP |
29 | GACC | 220 Northwest 8th Avenue | NAP | NAP | NAP | | NAP | NAP |
30 | GACC | Corporate Plaza | NAP | NAP | NAP | | NAP | NAP |
31 | JPMCB | Residence Inn Augusta | NAP | NAP | NAP | | NAP | NAP |
32 | JPMCB | Towers at University Town Center | NAP | NAP | NAP | | 46,000,000 | 1.55 |
33 | GACC | Fairfield Portfolio | Mezzanine Loan | 1,260,000 | 12.00000 | | 15,750,000 | 1.54 |
33.01 | GACC | Fairfield Inn & Suites - Greensboro | | | | | | 1.54 |
33.02 | GACC | Fairfield Inn & Suites - High Point | | | | | | 1.54 |
34 | GACC | Sabre Center II | NAP | NAP | NAP | | NAP | NAP |
35 | JPMCB | Beacon - Criterion | Subordinate Debt (23,707,545.10)/Mezzanine Loan (15,339,000) | 39,046,545 | 5.63913 | | 77,027,000 | 1.19 |
36 | CREFI | Holiday Inn Express New Orleans | NAP | NAP | NAP | | NAP | NAP |
37 | JPMCB | Lost Tree Financial Center | NAP | NAP | NAP | | NAP | NAP |
38 | GACC | Coral Club Apartments | NAP | NAP | NAP | | NAP | NAP |
39 | JPMCB | Beacon - Hague | Subordinate Debt (20,349,411.76)/Mezzanine Loan (11,959,000) | 32,308,412 | 5.53182 | | 64,909,000 | 1.17 |
40 | CREFI | Sam’s Club Atlanta | NAP | NAP | NAP | | NAP | NAP |
41 | CREFI | Marshall’s Plaza | NAP | NAP | NAP | | NAP | NAP |
42 | JPMCB | Beacon - Paramount | Subordinate Debt (17,290,274.51)/Mezzanine Loan (14,686,000) | 31,976,275 | 5.95339 | | 59,676,000 | 1.20 |
43 | JPMCB | Hampton Inn Albuquerque University | NAP | NAP | NAP | | NAP | NAP |
44 | GACC | 564 6th Street | NAP | NAP | NAP | | NAP | NAP |
45 | GACC | Homewood Commons | NAP | NAP | NAP | | NAP | NAP |
46 | JPMCB | Beacon - Mercury / Garage | Subordinate Debt (14,198,470.59)/Mezzanine Loan (11,750,000) | 25,948,471 | 5.92284 | | 48,695,000 | 1.21 |
47 | GACC | Centre Point Plaza | NAP | NAP | NAP | | NAP | NAP |
48 | CREFI | Amsdell Georgia Portfolio | NAP | NAP | NAP | | NAP | NAP |
48.01 | CREFI | Compass Self Storage Conyers | | | | | | NAP |
48.02 | CREFI | McDonough-Henry Self Storage | | | | | | NAP |
48.03 | CREFI | American Self Storage Center | | | | | | NAP |
49 | JPMCB | Beacon - Orpheum | Subordinate Debt (13,215,780.39)/Mezzanine Loan (9,433,000) | 22,648,780 | 5.75100 | | 43,821,000 | 1.19 |
50 | GACC | Four Points Nashville Airport | NAP | NAP | NAP | | NAP | NAP |
51 | GACC | Nelson Duffie Mobile Home Parks | NAP | NAP | NAP | | NAP | NAP |
51.01 | GACC | Riverside Mobile Home Park | | | | | | NAP |
51.02 | GACC | Oaks Mobile Home Park | | | | | | NAP |
52 | GACC | Steeplechase Plaza | NAP | NAP | NAP | | NAP | NAP |
53 | JPMCB | Beacon - Tower | Subordinate Debt (9,238,517.65)/Mezzanine Loan (6,833,000) | 16,071,518 | 5.79202 | | 30,872,000 | 1.21 |
54 | JPMCB | Holiday Inn Express Glenwood Springs Aspen Area | NAP | NAP | NAP | | NAP | NAP |
55 | CREFI | 5657 Copley Drive | NAP | NAP | NAP | | NAP | NAP |
56 | CREFI | WAG Lawrenceville | NAP | NAP | NAP | | NAP | NAP |
57 | CREFI | Rite Aid Johnstown | NAP | NAP | NAP | | NAP | NAP |
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| | | Total Debt | | HOTEL OPERATING STATISTICS | |
| | | | Total Debt | | | | | | | | | | | | | | | | | |
| | | Total Debt | UW NOI | | 2014 | 2014 | 2014 | 2015 | 2015 | 2015 | 2016 | 2016 | 2016 | Most Recent | Most Recent | Most Recent | UW | UW | UW | |
Loan # | Seller(1) | Property Name | Current LTV % | Debt Yield % | | Occupancy % | ADR ($) | RevPAR ($) | Occupancy % | ADR ($) | RevPAR ($) | Occupancy % | ADR ($) | RevPAR ($) | Occupancy % | ADR ($) | RevPAR ($) | Occupancy % | ADR ($) | RevPAR ($) | Loan # |
1 | CREFI | Central Park of Lisle | 69.5% | 10.7% | | | | | | | | | | | | | | | | | 1 |
2 | JPMCB | Promenade Shops at Aventura | NAP | NAP | | | | | | | | | | | | | | | | | 2 |
3 | GACC | Apple Campus 3 | 74.3% | 7.2% | | | | | | | | | | | | | | | | | 3 |
4 | JPMCB | EOS 21 | 64.8% | 7.5% | | | | | | | | | | | | | | | | | 4 |
5 | GACC | Rochester Hotel Portfolio | 66.7% | 12.2% | | 64.5% | 146.36 | 94.42 | 60.7% | 148.67 | 90.20 | 57.2% | 149.43 | 85.44 | 58.4% | 152.43 | 88.99 | 58.4% | 152.43 | 88.99 | 5 |
5.01 | GACC | Rochester Marriott | 66.7% | 12.2% | | 68.9% | 227.62 | 156.79 | 67.5% | 231.88 | 156.46 | 66.8% | 229.20 | 153.18 | 71.0% | 241.32 | 171.41 | 71.0% | 241.32 | 171.41 | 5.01 |
5.02 | GACC | Kahler Grand | 66.7% | 12.2% | | 58.7% | 129.07 | 75.75 | 52.8% | 127.58 | 67.40 | 49.8% | 126.51 | 63.01 | 49.4% | 127.51 | 62.94 | 49.4% | 127.51 | 62.94 | 5.02 |
5.03 | GACC | Kahler Inn & Suites | 66.7% | 12.2% | | 70.0% | 121.06 | 84.72 | 69.3% | 124.46 | 86.21 | 62.7% | 125.82 | 78.94 | 65.9% | 122.85 | 80.99 | 65.9% | 122.85 | 80.99 | 5.03 |
5.04 | GACC | Residence Inn Rochester | 66.7% | 12.2% | | 81.1% | 148.96 | 120.84 | 77.2% | 156.74 | 120.99 | 73.0% | 161.41 | 117.78 | 73.6% | 162.35 | 119.49 | 73.6% | 162.35 | 119.49 | 5.04 |
6 | GACC | InterContinental San Francisco | 41.9% | 16.0% | | 87.0% | 284.77 | 247.69 | 87.7% | 299.96 | 263.04 | 88.5% | 300.43 | 265.85 | 87.0% | 296.19 | 257.77 | 87.0% | 296.19 | 257.77 | 6 |
7 | GACC | Sentinel Square II | 59.7% | 9.0% | | | | | | | | | | | | | | | | | 7 |
8 | CREFI | The Woods | 29.6% | 15.2% | | | | | | | | | | | | | | | | | 8 |
9 | JPMCB | 600 Clipper | NAP | NAP | | | | | | | | | | | | | | | | | 9 |
10 | GACC | Worldwide Plaza | 69.0% | 7.3% | | | | | | | | | | | | | | | | | 10 |
11 | CREFI | 64 Wooster Street | NAP | NAP | | | | | | | | | | | | | | | | | 11 |
12 | GACC | Hotel Indigo & Austin | NAP | NAP | | | | | | | | | | | 64.2% | 173.64 | 111.42 | 64.2% | 173.64 | 111.42 | 12 |
13 | CREFI | Braddock Metro Center | 66.8% | 9.5% | | | | | | | | | | | | | | | | | 13 |
14 | CREFI | BlueLinx Portfolio | 64.2% | 12.1% | | | | | | | | | | | | | | | | | 14 |
14.01 | CREFI | BlueLinx Frederick | 64.2% | 12.1% | | | | | | | | | | | | | | | | | 14.01 |
14.02 | CREFI | BlueLinx Bellingham | 64.2% | 12.1% | | | | | | | | | | | | | | | | | 14.02 |
14.03 | CREFI | BlueLinx Lawrenceville | 64.2% | 12.1% | | | | | | | | | | | | | | | | | 14.03 |
14.04 | CREFI | BlueLinx Butner | 64.2% | 12.1% | | | | | | | | | | | | | | | | | 14.04 |
15 | GACC | Marina Heights State Farm | 58.3% | 11.3% | | | | | | | | | | | | | | | | | 15 |
16 | CREFI | Red Building | 68.4% | 6.6% | | | | | | | | | | | | | | | | | 16 |
17 | JPMCB | 599 Broadway | 50.0% | 7.3% | | | | | | | | | | | | | | | | | 17 |
18 | JPMCB | Lehigh Valley Mall | 44.8% | 12.5% | | | | | | | | | | | | | | | | | 18 |
19 | JPMCB | Atrium Center | 53.5% | 8.2% | | | | | | | | | | | | | | | | | 19 |
20 | GACC | Signature Place Condominiums | NAP | NAP | | | | | | | | | | | | | | | | | 20 |
21 | JPMCB | 90 Hudson | 60.2% | 9.1% | | | | | | | | | | | | | | | | | 21 |
22 | JPMCB | Marriott Charlotte City Center | 60.6% | 12.7% | | 76.4% | 183.15 | 139.92 | 56.5% | 195.99 | 110.81 | 67.7% | 205.66 | 139.26 | 73.0% | 223.00 | 162.82 | 73.5% | 223.00 | 163.90 | 22 |
23 | GACC | Two Harbor Point Square | 76.3% | 9.2% | | | | | | | | | | | | | | | | | 23 |
24 | CREFI | One Parkway North Fee | NAP | NAP | | | | | | | | | | | | | | | | | 24 |
25 | CREFI | Village Green of Waterford | NAP | NAP | | | | | | | | | | | | | | | | | 25 |
26 | GACC | Gateway Plaza | NAP | NAP | | | | | | | | | | | | | | | | | 26 |
27 | CREFI | 32 East Shopping Center | NAP | NAP | | | | | | | | | | | | | | | | | 27 |
28 | CREFI | Hilton Garden Inn - Atlanta Airport North | NAP | NAP | | 79.6% | 110.17 | 87.73 | 85.4% | 108.18 | 92.41 | 82.8% | 112.25 | 92.90 | 80.2% | 117.25 | 94.08 | 80.2% | 117.25 | 94.08 | 28 |
29 | GACC | 220 Northwest 8th Avenue | NAP | NAP | | | | | | | | | | | | | | | | | 29 |
30 | GACC | Corporate Plaza | NAP | NAP | | | | | | | | | | | | | | | | | 30 |
31 | JPMCB | Residence Inn Augusta | NAP | NAP | | | | | | | | 72.9% | 136.76 | 99.71 | 79.0% | 134.26 | 106.03 | 79.0% | 134.26 | 106.03 | 31 |
32 | JPMCB | Towers at University Town Center | 63.4% | 10.0% | | | | | | | | | | | | | | | | | 32 |
33 | GACC | Fairfield Portfolio | 70.0% | 12.5% | | 71.7% | 99.11 | 71.05 | 71.0% | 102.96 | 73.08 | 71.1% | 103.06 | 73.31 | 71.7% | 105.22 | 75.48 | 71.7% | 105.22 | 75.48 | 33 |
33.01 | GACC | Fairfield Inn & Suites - Greensboro | 70.0% | 12.5% | | 72.5% | 102.27 | 74.15 | 71.0% | 103.81 | 73.71 | 72.2% | 104.11 | 75.18 | 70.1% | 106.15 | 74.36 | 70.1% | 106.15 | 74.36 | 33.01 |
33.02 | GACC | Fairfield Inn & Suites - High Point | 70.0% | 12.5% | | 70.6% | 94.81 | 66.94 | 70.9% | 101.83 | 72.25 | 69.7% | 101.60 | 70.82 | 74.0% | 104.05 | 76.96 | 74.0% | 104.05 | 76.96 | 33.02 |
34 | GACC | Sabre Center II | NAP | NAP | | | | | | | | | | | | | | | | | 34 |
35 | JPMCB | Beacon - Criterion | 75.0% | 5.8% | | | | | | | | | | | | | | | | | 35 |
36 | CREFI | Holiday Inn Express New Orleans | NAP | NAP | | | | | | | | 69.8% | 129.75 | 90.54 | 72.5% | 129.03 | 93.51 | 72.8% | 130.80 | 95.29 | 36 |
37 | JPMCB | Lost Tree Financial Center | NAP | NAP | | | | | | | | | | | | | | | | | 37 |
38 | GACC | Coral Club Apartments | NAP | NAP | | | | | | | | | | | | | | | | | 38 |
39 | JPMCB | Beacon - Hague | 73.9% | 5.6% | | | | | | | | | | | | | | | | | 39 |
40 | CREFI | Sam’s Club Atlanta | NAP | NAP | | | | | | | | | | | | | | | | | 40 |
41 | CREFI | Marshall’s Plaza | NAP | NAP | | | | | | | | | | | | | | | | | 41 |
42 | JPMCB | Beacon - Paramount | 71.0% | 6.1% | | | | | | | | | | | | | | | | | 42 |
43 | JPMCB | Hampton Inn Albuquerque University | NAP | NAP | | 76.6% | 84.08 | 64.42 | 76.2% | 88.01 | 67.05 | 73.4% | 87.70 | 64.42 | 80.9% | 86.60 | 70.04 | 80.9% | 86.60 | 70.04 | 43 |
44 | GACC | 564 6th Street | NAP | NAP | | | | | | | | | | | | | | | | | 44 |
45 | GACC | Homewood Commons | NAP | NAP | | | | | | | | | | | | | | | | | 45 |
46 | JPMCB | Beacon - Mercury / Garage | 72.6% | 6.1% | | | | | | | | | | | | | | | | | 46 |
47 | GACC | Centre Point Plaza | NAP | NAP | | | | | | | | | | | | | | | | | 47 |
48 | CREFI | Amsdell Georgia Portfolio | NAP | NAP | | | | | | | | | | | | | | | | | 48 |
48.01 | CREFI | Compass Self Storage Conyers | NAP | NAP | | | | | | | | | | | | | | | | | 48.01 |
48.02 | CREFI | McDonough-Henry Self Storage | NAP | NAP | | | | | | | | | | | | | | | | | 48.02 |
48.03 | CREFI | American Self Storage Center | NAP | NAP | | | | | | | | | | | | | | | | | 48.03 |
49 | JPMCB | Beacon - Orpheum | 74.5% | 5.9% | | | | | | | | | | | | | | | | | 49 |
50 | GACC | Four Points Nashville Airport | NAP | NAP | | | | | 61.5% | 100.87 | 62.04 | 68.9% | 127.89 | 88.17 | 71.4% | 131.00 | 93.47 | 71.4% | 131.01 | 93.47 | 50 |
51 | GACC | Nelson Duffie Mobile Home Parks | NAP | NAP | | | | | | | | | | | | | | | | | 51 |
51.01 | GACC | Riverside Mobile Home Park | NAP | NAP | | | | | | | | | | | | | | | | | 51.01 |
51.02 | GACC | Oaks Mobile Home Park | NAP | NAP | | | | | | | | | | | | | | | | | 51.02 |
52 | GACC | Steeplechase Plaza | NAP | NAP | | | | | | | | | | | | | | | | | 52 |
53 | JPMCB | Beacon - Tower | 76.4% | 6.0% | | | | | | | | | | | | | | | | | 53 |
54 | JPMCB | Holiday Inn Express Glenwood Springs Aspen Area | NAP | NAP | | 61.2% | 98.41 | 60.19 | 63.9% | 110.50 | 70.64 | 66.9% | 117.22 | 78.45 | 67.9% | 119.76 | 81.29 | 67.9% | 119.76 | 81.29 | 54 |
55 | CREFI | 5657 Copley Drive | NAP | NAP | | | | | | | | | | | | | | | | | 55 |
56 | CREFI | WAG Lawrenceville | NAP | NAP | | | | | | | | | | | | | | | | | 56 |
57 | CREFI | Rite Aid Johnstown | NAP | NAP | | | | | | | | | | | | | | | | | 57 |
(1) | “JPMCB” denotes JPMorgan Chase Bank, National Association, as Mortgage Loan Seller; “GACC” denotes German American Capital Corporation, as Mortgage Loan Seller; and “CREFI” denotes— Citi Real Estate Funding Inc. or one of its affiliates, as Mortgage Loan Seller.
With respect to Loan No. 1, Central Park of Lisle, the whole loan was co-originated by Citi Real Estate Funding Inc. (as holder of the senior A-Note) and Safety National Casualty Corporation (as holder of the B-Note).
With respect to Loan No. 3, Apple Campus 3, the whole loan was co-originated by Deutsche Bank AG, acting through its New York Branch, Wells Fargo Bank, National Association, and Goldman Sachs Mortgage Company.
With respect to Loan No. 10, the Worldwide Plaza mortgage loan was acquired from Goldman Sachs Mortgage Company.
With respect to Loan No. 14, BlueLinx Portfolio, the whole loan was co-originated by Citi Real Estate Funding Inc. and Société Générale.
With respect to Loan No. 15, the Marina Heights State Farm mortgage loan was acquired from Goldman Sachs Mortgage Company.
With respect to Loan No. 18, Lehigh Valley Mall, the whole loan was co-originated by JPMorgan Chase Bank, National Association, Column Financial, Inc. and Cantor Commercial Real Estate Lending, L.P.
With respect to Loan No. 23, the Two Harbor Point Square mortgage loan was acquired from Citi Real Estate Funding Inc.
With respect to Loan No. 47, the Centre Point Plaza mortgage loan was acquired from Cantor Commercial Real Estate Lending, L.P. |
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(2) | Certain of the mortgage loans include parcels ground leased to tenants in the calculation of the total square footage and the occupancy of the mortgaged property.
With respect to Loan No. 2, Promenade Shops at Aventura, Aventura Tire & Auto, Pollo Tropical, TD Bank and Shell, ground lease their respective premises from the borrower.
With respect to Loan No. 12, Hotel Indigo & Austin, the mortgaged property is a dual-branded hotel consisting of a 134-room select-service hotel (Hotel Indigo) and a 171-room limited-service hotel (Holiday Inn Express & Suites).
With respect to Loan No. 18, Lehigh Valley Mall, Macy’s, which is an anchor tenant at the property, ground leases its premises from the borrower.
With respect to Loan No. 46, Beacon - Mercury / Garage, the mortgaged property consists of a multifamily property and a parking garage. Units represent only the multifamily portion of the mortgaged property and exclude the parking garage which consists of 510 parking spaces. 31.2% of the UW Revenues ($) is attributable to the parking garage. |
(3) | In certain cases, mortgaged properties may have tenants that have executed leases that were included in the underwriting but have not yet commenced paying rent and/or are not in occupancy. UW Revenues ($), UW NOI ($) and UW NCF ($) are generally calculated by the Mortgage Loan Seller in accordance with its underwriting guidelines. UW NOI ($) and UW NCF ($) may include contractual or market rent escalations and, in the case of certain tenants, may be based on the average rent paid by the tenant through either the term of the related lease or the mortgage loan. Please see “Description of the Mortgage Pool—Certain Calculations and Definitions” for additional information.
With respect to Loan No. 3, Apple Campus 3, the sole tenant, Apple, has taken possession but is currently building out its space and is currently in a free rent period for (i) Phase I (approximately 69.4% of its space) through and including December 2018 and (ii) Phase II (approximately 30.6% of its space) through and including May 2019. In January 2019, Apple is required to pay reduced rent of approximately $6.93 per square foot on Phase I only. Through and including February 2018, Apple is required to pay reimbursements for utilities only, and commencing March 2018, the tenant will be required to pay reimbursements for utilities, operating expenses, taxes and insurance. All outstanding free rent, tenant improvements and leasing commissions were reserved for at loan origination.
With respect to Loan No. 5, Rochester Hotel Portfolio, as to the Kahler Grand mortgaged property, approximately 21.1% of underwritten revenues are comprised of food and beverage revenues.
With respect to Loan No. 6, InterContinental San Francisco, approximately 13.1% of underwritten revenues are comprised of food and beverage revenues and approximately 14.1% are comprised of banquet revenues. |
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| With respect to Loan No. 7, Sentinel Square II, the Largest Tenant, District of Columbia, took occupancy in January 2018 and is in a free rent period through February 2019, all of which free rent has been reserved for. The 2nd Largest Tenant, Federal Election Commission (“FEC”), which leases approximately 35.6% of the NRA, is not yet in occupancy of its space, and is anticipated to take occupancy in or around the end of March 2018. The FEC is in a free rent period through January 2020, all of which free rent has been reserved for. In addition, the FEC is entitled to a $600,000 allowance that may be used for improvements through September 1, 2018, and thereafter any remainder may be treated as additional free rent funds and disbursed in accordance with the standard free rent reserve provisions under the loan agreement. Such allowance has been reserved for.
With respect to Loan No. 9, 600 Clipper, the sole tenant at the mortgaged property, Volkswagen Group of America, executed a lease amendment in December 2017 to lease an additional 41,239 square feet (which was the remaining vacant portion of the mortgaged property at the time). The lease commencement date for such additional space occurs no later than August 2018. The lease currently requires monthly rent of approximately $233,572. This amount is scheduled to increase to approximately $482,322 by February 2019 and approximately $497,381 by February 2020, and the monthly rent of $588,391 is scheduled to commence on February 2021.
With respect to Loan No. 13, Braddock Metro Center, the Largest Tenant, GSA (United States Department of Agriculture), executed a lease commencing June 2018, but has not yet taken occupancy for 131,000 square feet of its leased premises or commenced paying rent.
With respect to Loan No. 15, Marina Heights State Farm, the UW NOI and UW NCF are based on the adjusted underwritten net operating income and net cash flow, as detailed in the prospectus.
With respect to Loan No. 16, Red Building, the 3rd Largest Tenant, Gaumont Television USA, is expected to occupy their expansion space by the end of February upon completion of the build-out of its space. |
| With respect to Loan No. 18, Lehigh Valley Mall, the Largest Tenant, Bob’s Discount Furniture, has executed its lease but not yet taken occupancy at the mortgaged property and has not yet commenced paying rent. The rent commencement date is in April 2018. At origination, the borrower was required to reserve $443,000 for outstanding tenant improvement allowances and $208,533 for outstanding free rent periods related to three tenants, including Bob’s Discount Furniture.
With respect to Loan No. 19, Atrium Center, the Largest Tenant, Dana Farber Cancer Institute, has executed a lease but not yet taken occupancy at the mortgaged property and has not yet commenced paying rent. The rent commencement date is May 1, 2018. The 5th Largest Tenant, Newton - Wellesley Hospital, has taken possession of its space and commenced paying rent, but is not yet in occupancy. The tenant is expected to take occupancy in April 2018.
With respect to Loan No. 22, Marriott Charlotte City Center, approximately 25.7% and of UW Revenues ($), is attributable to the food and beverage outlets at the mortgaged property.
With respect to Loan No. 26, Gateway Plaza, the 3rd Largest Tenant at the mortgaged property, North LA County Regional Center, has free rent periods in January 2018 and May 2018 equal to an aggregate $3,899 of rental payments, the 4th Largest Tenant, Poole & Shaffery, LLP has free rent periods from January through March in each of 2018 and 2019 and in January 2020 equal to an aggregate of $70,033 in rental payments, and the 5th Largest Tenant, California United Bank, has free rent periods for the month of June in 2018, 2022, 2023 and 2024, for the month of July in 2022 and 2023 and the month of August in 2022 equal to an aggregate $83,981 in rental payments. All free rent was reserved at loan origination.
With respect to Loan No. 34, Sabre Center II, the Largest Tenant at the mortgaged property, Globaltech, has abated rent through September 2019 equal to $72,739 in rental payments, and the 2nd Largest Tenant, Trilogy Educational, has free rent through June 2018 equal to $63,774 in rental payments. All free rent was reserved at loan origination.
With respect to Loan No. 46, Beacon – Mercury / Garage, the Occupancy % represents the occupancy for the Mercury portion of the mortgaged property only. The parking garage portion was approximately 83.0% occupied as of August 31, 2017.
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| With respect to Loan No. 51, Nelson Duffie Mobile Home Parks, 62 of the 174 mobile homes at the two mortgaged properties are owned by a borrower-affiliate and the related lots are leased to such affiliate through a master lease. Additional lots may be added to the master lease, but not in excess of 43% of all lots at the mortgaged properties. Lots may also be released from the master lease in connection with a sale of the related mobile home to a third party tenant, provided such third party tenant enters into a direct lease for such lot with the borrower on market terms and for a minimum term of six months. Rent under the master lease is initially equal to $307,000 a year for each lot covered by the master lease, subject to increase by $430 per month for each lot added to the master lease, and decreased by $430 per month for any lot released from the master lease as described above. In addition to the master lease, the loan is also structured with loss recourse to the guarantors in the event any affiliate owned homes are removed from the property, and there is a guaranty on the master lease rent equal to the total number of borrower-affiliate homes multiplied by $400, the result of which is then multiplied by 18. |
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(4) | With respect to all mortgage loans, with the exceptions of the mortgage loans listed below, the Current LTV % and the Maturity LTV % are based on the “as-is” Appraisal Value ($) even though, for certain mortgage loans, the appraiser provided “as-stabilized” values based on certain criteria being met.
With respect to Loan No. 3, Apple Campus 3, the Appraised Value ($) represents the “as-stabilized” value of $773,600,000 for the mortgaged property, effective June 1, 2019, which assumes that contractual tenant |
| improvement and leasing commission (“TI/LC”) obligations have been fulfilled and there is no outstanding free rent. At loan origination, the borrower deposited upfront reserves totaling $45,779,915 for such contractual TI/LC obligations and free rent. The “as-is” appraised value for the mortgaged property as of November 7, 2017 is $624,600,000, which results in a Current LTV % of 54.4% and a Maturity LTV % of 54.4%.
With respect to Loan No. 7, Sentinel Square II, the Appraised Value ($) represents the “as-stabilized” value of $172,000,000 for the mortgaged property, effective April 1, 2019, which assumes the borrower’s contractual tenant improvement and leasing commission obligations have been fulfilled, that there is no outstanding free rent and that rent has commenced. At loan origination, the borrower reserved approximately $18.5 million in free rent associated with the District of Columbia and Federal Election Commission leases and $600,000 related to approved leasing expenses under the Federal Election Commission lease. The “as-is” appraised value for the mortgaged property as of October 26, 2017, is $149,200,000, which results in a Current LTV % of 68.8% and a Maturity LTV % of 68.8%.
With respect to Loan No. 9, 600 Clipper, the Appraised Value ($) represents the “Hypothetical As If Funded” value, effective November 13, 2017, which assumes that all outstanding tenant improvements, rent/expense reimbursement loss and below market rents have either been funded or escrowed. At origination, the borrower was required to reserve approximately $5,071,085 for the remaining reduced rent period under the lease of the sole tenant, Volkswagen Group of America. In connection with the acquisition of the mortgaged property by the borrower, the former owner and seller of the mortgaged property escrowed $4,147,500 for outstanding tenant improvements with the title company. The lender has received as assignment of the borrower’s interest in the escrow account being held by the title company. The “as-is” value as of November 13, 2017 is $84,460,000, which results in a Current LTV % and Maturity LTV % of 64.3% and 64.3%, respectively. |
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| With respect to Loan No. 10, Worldwide Plaza, the Appraised Value ($) of $1,740,000,000 includes separate appraised values for the office building included in the mortgaged property ($1,620,000,000) and the amenity parcel ($120,000,000). As described under “Risk Factors–Risks Relating to the Mortgage Loans–Risks Relating to the Worldwide Plaza Mortgage Loan,” the amenity parcel does not secure the mortgage loan. Based solely on the appraised value of the office building, the Current LTV% and Maturity LTV% of the senior notes included in the Worldwide Plaza whole loan, the entire whole loan and the combined whole loan and mezzanine debt are 38.0%, 58.0% and 74.1% respectively.
With respect to Loan No. 12, Hotel Indigo & Austin, the Appraised Value ($) represents the “prospective upon completion” value of $66,000,000 for the mortgaged property, effective April 25, 2018, which assumes the completion of the required property improvement plan (“PIP”) and $2.7 million in discretionary capital expenditures at the mortgaged property. At loan origination, the borrower reserved $300,000, the estimated aggregate cost of each respective PIP and an additional $2,700,000 for planned capital improvements, which the borrower has indicated it currently anticipates to begin in the spring of 2018 and to be completed by the end of summer in 2018 (however, such capital expenditures are not required to be made on any particular schedule, or at all). The “as-is” appraised value for the mortgaged property, as of April 25, 2017, is $62,000,000, which results in a Current LTV % of 72.6% and a Maturity LTV % of 62.7%.
With respect to Loan No. 19, Atrium Center, the Appraised Value ($) represents the “hypothetical as-is” value, effective September 8, 2017, which assumes that the Dana Farber Cancer Institute lease has commenced and that all leasing costs have been paid. At origination, the borrower was required to reserve $21,161,047 for outstanding tenant improvements and leasing commissions and approximately $2,397,212 for outstanding free or abated rent. The “as-is” value as of September 8, 2017 is $185,000,000, which results in a Current LTV % and Maturity LTV % of 62.2% and 62.2%, respectively.
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| With respect to Loan No. 25, Village Green of Waterford, the appraiser’s “as-stabilized” value for the property effective November 21, 2019, was used, which assumes all expected costs of planned renovations and capital expenditures are reserved for at origination. At origination, the borrower was required to reserve $1,836,000 to fund capital upgrades to be performed and completed during the first 24 months of the mortgage loan. The “as-is” appraised value for the mortgaged property as of November 21, 2017 is $29,700,000, which results in a Current LTV % of 79.5% and a Maturity LTV % of 70.4%.
With respect to Loan No. 29, 220 Northwest 8th Avenue, the Appraised Value ($) represents the “as complete” value of $30,800,000 for the mortgaged property, effective January 1, 2018, which assumes that all outstanding work related to the Phase III delivery is complete. Delivery and acceptance of the Phase III space took place on November 28, 2017. There is no outstanding work related to the space. The “as-is” appraised value for the mortgaged property, as of October 25, 2017, is $30,400,000, which resulted in a Current LTV % of 64.1% and a Maturity LTV % of 58.3%.
With respect to Loan No. 33, Fairfield Portfolio, the Appraised Value ($) represents the “as complete” value of $22,500,000 for the mortgaged properties, effective November 1, 2018, which assumes the completion of the required property improvement plan (“PIP”) at each mortgaged property. At loan origination, the borrower reserved $1,834,176, which represents 125% of the estimated aggregate cost of the PIPs. The “as-is” appraised value for the Fairfield Inn & Suites – High Point mortgaged property is $8.7 million and the “as-is” appraised value for the Fairfield Inn & Suites – Greensboro mortgaged property is $12.1 million for an aggregate “as-is” appraised value of $20,800,000, which results in a Current LTV % of 69.7% and a Maturity LTV % of 59.4%.
With respect to Loan No. 36, Holiday Inn Express New Orleans, the appraiser’s “as complete” value for the property effective January 1, 2019, was used, which assumes an amount equal to 120% of the estimated cost of planned capital improvements is reserve for at origination. At origination the borrower was required to reserve $230,339 in the required performance improvement reserve (PIP) for a change of ownership PIP that is expected to be completed within 12 months of the origination date. The “as-is” appraised value for the mortgaged property as of November 21, 2017 is $22,600,000, which results in a Current LTV% of 57.1% and a Maturity LTV% of 54.5%. |
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| With respect to Loan No. 43, Hampton Inn Albuquerque University, the Appraised Value ($) represents the “Prospective Market Value Upon Completion of the Renovation” value, effective June 1, 2018, which assumes completion of the renovations required by the current PIP. At origination, the borrower was required to reserve $2,000,000, which is estimated to be the remaining cost to complete the PIP. The “as-is” value of the property as of June 1, 2017 is $11,000,000, which results in a Current LTV % and Maturity LTV % of 86.2% and 72.6%, respectively.
With respect to Loan No. 46, Beacon – Mercury / Garage, the Appraised Value ($) consists of the $44,500,000 million “as-is” Appraised Value ($) for the Mercury portion and the $22,600,000 “as-is” million Appraised Value ($) for the garage portion of the Mortgaged Property.
With respect to Loan No. 54, Holiday Inn Express Glenwood Springs Aspen Area, the Appraised Value ($) of $7,150,000 represents the “Prospective Market Value Upon Completion of the Renovation” value, effective October 1, 2018, which assumes completion of the renovations required by the current PIP. At origination, the borrower was required to reserve $1,450,000, which is estimated to be the remaining cost to complete the PIP. The “as-is” value of the property as of October 1, 2017 is $4,950,000, which results in a Current LTV % and Maturity LTV % of 86.3% and 71.3%, respectively. |
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(5) | For mortgage loans secured by multiple mortgaged properties, each mortgage loan’s Original Balance ($), Current Balance ($), and Maturity/ARD Balance ($) are allocated to the respective mortgaged property based |
| on the mortgage loan’s documentation, or if no such allocation is provided in the mortgage loan documentation, the mortgage loan seller’s determination of the appropriate allocation. |
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(6) | With respect to Loan Nos. 1, 3, 4, 5, 6, 7, 8, 10, 13, 14, 15, 16, 17, 18, 19, 21, 22, 23, 32, 35, 39, 42, 46, 49, and 53, Central Park of Lisle, Apple Campus 3, EOS 21, Rochester Hotel Portfolio, InterContinental San Francisco, Sentinel Square II, The Woods, Worldwide Plaza, Braddock Metro Center, BlueLinx Portfolio, Marina Heights State Farm, Red Building, 599 Broadway, Lehigh Valley Mall, Atrium Center, 90 Hudson, Marriott Charlotte City Center, Two Harbor Point Square, Towers at University Town Center, Beacon – Criterion, Beacon – Hague, Beacon – Paramount, Beacon - Mercury / Garage, Beacon – Orpheum, and Beacon – Tower, the mortgage loans are part of larger split whole loans, which consist of the mortgage loan and one or more pari passu and/or subordinate components. Please see “Description of the Mortgage Pool—The Whole Loans” for additional information. |
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(7) | Each number identifies a group of related borrowers.
With respect to Loan No. 4, EOS 21, the mortgaged property consists of one unit in a two unit land condominium, which is in place for compliance with local land use and zoning. Each unit owner owns a 50% interest in the common elements.
With respect to Loan No. 17, 599 Broadway, one of the five condominium units comprising the mortgaged property is owned by two borrowers as tenants-in-common. |
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(8) | For each mortgage loan, the excess of the related Interest Rate % over the related Servicing Fee Rate, the Trustee Fee Rate (including the Certificate Administrator Fee Rate), the Operating Fee Rate, the Asset Representations Reviewer Fee Rate and the CREFC® Intellectual Property Royalty License Fee Rate (collectively, the “Admin Fee %”). |
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(9) | For the mortgage loans that are interest-only for the entire term and accrue interest on an Actual/360 basis, [except for the mortgage loan(s) listed below,] the Monthly Debt Service ($) was calculated as 1/12th of the product of (i) the Original Balance ($), (ii) the Interest Rate % and (iii) 365/360. |
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(10) | With respect to all mortgage loans, except for the mortgage loan(s) listed below, Annual Debt Service ($) is calculated by multiplying the Monthly Debt Service ($) by 12.
With respect to Loan No. 17, 599 Broadway, the assessment of the late charge with respect to any Monthly Debt Service ($) is subject to delay due to force majeure, which may not exceed one time per calendar year.
With respect to Loan No. 33, Fairfield Portfolio, Annual Debt Service ($) is calculated based on the sum of the first 12 principal and interest payments based on the assumed principal payment schedule set forth in Annex H to this prospectus. Accordingly, Current Balance ($), Maturity Balance ($), Monthly Debt Service ($), UW NOI DSCR and UW NCF DSCR all reflect this payment schedule and a fixed interest rate of 5.684782609%. |
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(11) | With respect to Loan No. 3, Apple Campus 3, the whole loan has an ARD feature with an Anticipated Repayment Date of January 6, 2028, with an increased interest rate equal to the greater of (i) 4.864978% per annum and (ii) the 10-year swap rate as of the Anticipated Repayment Date plus 1.50%, until the Final Maturity Date of April 6, 2031. On and after the ARD until the Final Maturity Date, the Apple Campus 3 whole loan requires amortization based on a 30-year amortization schedule (assuming the initial interest rate).
With respect to Loan No. 15, Marina Heights State Farm, the whole loan has an ARD feature with an Anticipated Repayment Date of January 6, 2028, with an increased interest rate equal to the greater of (i) 6.55950% per annum and (ii) the 10-year swap rate as of the Anticipated Repayment Date plus 3.00%, until the Final Maturity Date of January 6, 2033. From the first payment date after the ARD until the final maturity |
| date, the Marina Heights State Farm whole loan requires amortization based on a 30-year schedule (assuming the initial interest rate). |
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(12) | The “L” component of the prepayment provision represents lockout payments. The “Def” component of the prepayment provision represents defeasance payments. The “YM” component of the prepayment provision represents yield maintenance payments. The “O” Component of the prepayment provision represents the free payments including the Maturity Date.
In the case of certain mortgage loans, the loan documents permit the related borrower to prepay a portion of the mortgage loan in connection with partial releases of collateral, to cure a cash sweep period triggered by certain events or circumstances or to meet certain financial metrics contained in the related loan documents.
With respect to Loan No. 1, Central Park of Lisle, which is part of a larger Whole Loan, the lockout period is required to be at least 25 payments beginning with and including the first payment date of February 6, 2018. Defeasance of the full $93,850,000 whole loan is permitted at any time after the earlier to occur of (i) two years from the closing date of the securitization that includes the last promissory note to be securitized and (ii) December 14, 2020. The assumed lockout period of 25 months is based on the expected closing date of the Benchmark 2018-B2 securitization in February 2018. The actual lockout period may be longer.
With respect to Loan No. 3, Apple Campus 3, which is part of a whole loan, the lockout period is required to be at least 25 payments beginning with and including the first payment date of February 6, 2018. Defeasance of the full $340.0 million Apple Campus 3 Whole Loan is permitted at any time after the earlier to occur of (i) two years after the closing date of the securitization that includes the last note to be securitized and (ii) December 14, 2021. The assumed lockout period of 25 months is based on the expected closing date of the Benchmark 2018-B2 securitization in February 2018. The actual lockout period may be longer.
With respect to Loan No. 4, EOS 21, the lockout period will be at least 26 payments beginning with and including the first payment date of January 1, 2018. The actual lockout period may be longer. Defeasance of the full $150.0 million EOS 21 Whole Loan is permitted after the date that is two years after the closing date of the securitization that includes the last note to be securitized. The borrower is also permitted to prepay the EOS 21 Whole Loan if the defeasance lockout period has not occurred by January 1, 2021 with the payment of a yield maintenance premium. |
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| With respect to Loan No. 5, Rochester Hotel Portfolio, which is part of a whole loan, the lockout period is required to be at least 27 payments beginning with and including the first payment date of December 6, 2017. Defeasance of the full $140.0 million Rochester Hotel Portfolio Whole Loan is permitted at any time after the earlier to occur (i) two years after the closing date of the securitization that includes the last note to be securitized and (ii) November 6, 2020. The assumed lockout period of 27 months is based on the expected closing date of the Benchmark 2018-B2 securitization in February 2018. The actual lockout period may be longer.
With respect to Loan No. 10, Worldwide Plaza, which is part of a whole loan, the lockout period is required to be at least 27 payments beginning with and including the first payment date of December 6, 2017. Defeasance of the full $940.0 million Worldwide Plaza Whole Loan is permitted at any time after the earlier to occur of (i) two years after the closing date of the securitization that includes the last note to be securitized and (ii) October 18, 2020. The assumed lockout period of 27 months is based on the expected closing date of the Benchmark 2018-B2 securitization in February 2018. The actual lockout period may be longer.
With respect to Loan No. 13, Braddock Metro Center, which is part of a larger Whole Loan, the lockout period is required to be at least 24 payments beginning with and including the first payment date of March 6, 2018. |
| Defeasance or prepayment (if prior to November 6, 2027, accompanied by a yield maintenance premium) of the full $74,200,000 whole loan is permitted at any time after the earlier to occur of (i) two years after the closing date of the securitization that includes the last promissory note to be securitized and (ii) January 19, 2021. The assumed lockout period of 24 months is based on the expected closing date of the Benchmark 2018-B2 securitization in February 2018. The actual lockout period may be longer.
With respect to Loan No. 14, BlueLinx Portfolio, which is part of a larger Whole Loan, the lockout period is required to be at least 24 payments beginning with and including the first payment date of March 6, 2018. Defeasance of the full $71,500,000 whole loan is permitted at any time after the earlier to occur of (i) two years after the closing date of the securitization that includes the last promissory note to be securitized and (ii) January 10, 2021. The assumed lockout period of 24 months is based on the expected closing date of the Benchmark 2018-B2 securitization in February 2018. The actual lockout period may be longer. |
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| With respect to Loan Nos. 14, 18, 19, 33 and 51, BlueLinx Portfolio, Lehigh Valley Mall, Atrium Center, Fairfield Portfolio and Nelson Duffie Mobile Home Parks, partial release upon partial prepayment or partial defeasance is permitted.
With respect to Loan No. 16, Red Building, the lockout period will be at least 25 payments beginning with and including the first payment date of February 6, 2018. Defeasance of the full $196,000,000 whole loan is permitted at any time after the earlier to occur of (i) two years after the closing date of the securitization that includes the last promissory note to be securitized and (ii) December 18, 2021.
With respect to Loan No. 17, 599 Broadway, the lockout period will be at least 24 payments beginning with and including the first payment date of March 1, 2018. Defeasance of the full $75.0 million 599 Broadway Whole Loan is permitted after the date that is two years after the closing date of the securitization that includes the last note to be securitized. The borrower is also permitted to prepay the 599 Broadway Whole Loan if the defeasance lockout period has not expired by March 1, 2022 with the payment of a yield maintenance premium.
With respect to Loan No. 18, Lehigh Valley Mall, the lockout period will be at least 27 payment dates beginning with and including the first payment date of December 1, 2017. The actual lockout period may be longer. Defeasance of the full $200.0 million Lehigh Valley Mall Whole Loan is permitted after the date that is the earlier to occur of (i) two years after the closing date of the securitization that includes the last note to be securitized and (ii) December 1, 2020. The borrower is also permitted to prepay the Lehigh Valley Mall Whole Loan with the payment of a yield maintenance premium after the occurrence of the Permitted Release Date if the REMIC Prohibition Period has not occurred prior to December 1, 2020.
With respect to Loan No. 21, 90 Hudson, the lockout period will be at least 25 payment dates beginning with and including the first payment date of December 1, 2017. Defeasance of the $130.0 million 90 Hudson Whole Loan is permitted prior to the open period and after the date that is earlier to occur of (i) the date that is two years after the closing date of the securitization that holds the last portion of the 90 Hudson Whole Loan to be securitized and (ii) December 1, 2020. The actual lockout period may be longer. The borrower is also permitted to prepay the 90 Hudson Whole Loan after December 1, 2019 with the payment of a yield maintenance premium. |
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| With respect to Loan No. 22, Marriott Charlotte City Center, the lockout period will be at least 32 payments beginning with and including the first payment date of July 1, 2017. Defeasance of the full $103.0 million Marriott Charlotte City Center Whole Loan is permitted after the date that is two years after the closing date of the securitization that includes the last note to be securitized. The borrower is also permitted to prepay the Marriott Charlotte City Center Whole Loan if the defeasance lockout period has not expired by July 1, 2020 with the payment of a yield maintenance premium. |
| With respect to Loan No. 23, Two Harbor Point Square, which is part of a whole loan, the lockout period is required to be at least 26 payments beginning with and including the first payment date of January 6, 2018. Defeasance of the full $49.5 million Two Harbor Point Square Whole Loan is permitted at any time after the earlier to occur of (i) two years after the closing date of the securitization that includes the last note to be securitized and (ii) November 17, 2020. The assumed lockout period of 26 months is based on the expected closing date of the Benchmark 2018-B2 securitization in February 2018. The actual lockout period may be longer. In addition, at any time during the term of the whole loan and provided no event of default has occurred and is continuing, the borrower has the option to prepay the whole loan in whole, but not in part, with payment of a yield maintenance premium.
With respect to Loan No. 48, Amsdell Georgia Portfolio, the borrower deposited $500,000 into an economic holdback reserve at closing, which may, under certain circumstances be applied by the lender toward the repayment of the loan. The borrower is entitled to receive the economic holdback reserve funds if certain capital improvements are performed and completed during the first 48 months of the loan term with respect to the acquired properties and the debt yield is equal to or greater than 8.5%. If the lender determines that the release conditions have not been satisfied on or before February 6, 2022, the lender will not disburse the funds and may retain the economic holdback reserve as additional collateral. The Current LTV, UW NOI Debt Yield % and UW NCF Debt Yield % net of the $500,000 economic holdback reserve are 69.9%, 9.0% and 8.6%, respectively. |
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(13) | With respect to some mortgage loans, historical financial information may not be available due to when the properties were constructed, renovated and/or acquired.
With respect to Loan Nos. 3, 7, 9, 12, 14, 15, 16, 19, 20, 23, 24, 27, 29, 31, 34, 35, 36, 39, 42, 45, 46, 48, 49, 50, 51, 53, 55 and 57, Apple Campus 3, Sentinel Square II, 600 Clipper, Hotel Indigo & Austin, BlueLinx Portfolio, Marina Heights State Farm, Red Building, Atrium Center, Signature Place Condominiums, Two Harbor Point Square, One Parkway North Fee, 32 East Shopping Center, 220 Northwest 8th Avenue, Residence Inn Augusta, Sabre Center II, Beacon – Criterion, Holiday Inn Express New Orleans, Beacon – Hague, Beacon – Paramount, Homewood Commons, Beacon - Mercury / Garage, Amsdell Georgia Portfolio, Beacon – Orpheum, Four Points Nashville Airport, Nelson Duffie Mobile Home Parks, Beacon – Tower, 5657 Copley Drive and Rite Aid Johnstown, in each case, the related property is newly or recently acquired, renovated or built and some historical financials may not be available. With respect to Loan No. 28, Hilton Garden Inn – Atlanta Airport North, 2014 financial information is based on 10 months annualized ending October 31, 2014.
With respect to Loan No. 30, Corporate Plaza, the most recent financial information is based on 8 months annualized ending August 31, 2017.
With respect to Loan No. 37, Lost Tree Financial Center, financial information for 2017 financials is based on 11 months annualized ending November 30, 2017.
With respect to Loan No. 48.01, Compass Self Storage Conyers property, 2015 financial information is based on 9 months annualized ending September 12, 2015.
With respect to Loan No. 52, Steeplechase Plaza, the most recent financial information is based on 8 months annualized ending August 31, 2017.
With respect to Loan No. 55, 5657 Copley Drive, the most recent financial information is based on 11 months annualized ending November 30, 2017. |
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(14) | In the case of certain mortgage loans, the UW NOI ($) exceeds Most Recent NOI ($) by 10%.
With respect to Loan No. 16, Red Building, the related property is currently in the process of leasing up and historical financials represent a non-stabilized occupancy. Since January 2017, five tenants have executed new leases for a total of 134,035 square feet of space and $7,440,129 of annual UW Base Rent.
With respect to Loan No. 27, 32 East Shopping Center, TTM NOI represents non-stabilized occupancy during the demolition and construction process of the renovation, as well as the closure of the Gordmans approximately 45,000 square foot anchor store after the tenant filed bankruptcy in the first quarter of 2017. Burlington Coat Factory, the replacement tenant, signed a lease with an expiration date of February 28, 2030 and contributes $459,010 of annual UW Base Rent. With respect to Loan No. 29, 220 Northwest 8th Avenue, the UW NOI ($) is over 10% higher than Most Recent NOI ($), primarily driven by the delivery of WeWork’s phase III space (the third and fourth floor) in December 2017, accounting for approximately 24.3% of the Net Rentable Area and 25.6% of the UW Base Rent.
With respect to Loan No. 34, Sabre Center II, the UW NOI ($) is over 10% higher than Most Recent NOI ($), primarily driven by (i) the lease signing of Globaltech, accounting for 11.3% of the Net Rentable Area and 12.8% of the UW Base Rent, (ii) the expiration of rent abatement periods and (iii) $50,187 in contractual rent steps through November 2018.
With respect to Loan No. 45, Homewood Commons, the UW NOI ($) is over 10% higher than Most Recent NOI ($), primarily driven by (i) the recent signing or renewal of three leases since August 2016, accounting for approximately 19.3% of the Net Rentable Area and 29.6% of the UW Base Rent and (ii) $41,926 in contractual rent steps through August 2018.
With respect to Loan No. 52, Steeplechase Plaza, the UW NOI ($) is over 10% higher than Most Recent NOI ($), primarily driven by (i) the lease signing of Davita, accounting for 10.5% of the Net Rentable Area and 14.5% of the UW Base Rent, (ii) Bealls Outlet increased their space in 2017 from 12,000 square feet to 23,750 square feet with a ten-year lease extension and (iii) $2,864 in contractual rent steps through December 2018. |
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(15) | With respect to all hotel properties, [except for the mortgage loan(s) listed below,] the UW NOI ($) is shown after taking a deduction for an FF&E reserve, and as such, the UW NOI ($) and UW NCF ($) for these properties are the same.
With respect to Loan No. 15, Marina Heights State Farm, the mortgaged property is exempt from property taxes because the ground lessor is a tax exempt government agency. The ground lease prohibits the ground lessor from transferring the fee to any entity that is not the State of Arizona or a political subdivision thereof that is exempt from property taxes. The lender did not underwrite any property taxes.
With respect to Loan No. 29, 220 Northwest 8th Avenue, the mortgaged property benefits from the Oregon Special Assessment of Historic Tax Program which fixes the mortgaged property’s assessed value for a 10-year period. If the borrower is disqualified from the program the exemption will terminate. The fixed real estate tax evaluation expires in 2023. Such program may be extended for an additional 10 years and the borrower is required under the mortgage loan documents to apply to extend the program for 10 years in 2023, if the program is still available, but it will not be in default if the program is not available or the government refuses to extend the program after the borrower has diligently pursued an extension. The borrower was not required to reserve for any costs that may be incurred in order to obtain such an extension. Lender underwrote taxes based on the appraiser’s exempted value of $45,936. The mortgaged property is leased on a modified gross basis that includes a base year stop (2016) for real estate taxes. The base stop is $37,663. As such, the tenant will be responsible for increases beyond the base year in real estate
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| taxes for the duration of the lease term through June 2032. Please see “Description of the Mortgage Pool—Real Estate and Other Tax Considerations” in the Prospectus for additional information.
With respect to Loan No. 21, 90 Hudson, the mortgaged property is subject to a payment in lieu of taxes (“PILOT”) program with the City of Jersey City that expires in February 2020. The lender underwrote real estate taxes based on the abated tax payments provided by the PILOT. Please see “Description of the Mortgage Pool—Real Estate and Other Tax Considerations” in the Preliminary Prospectus for additional information. |
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| With respect to Loan Nos. 35, 39, 42, 49, and 53, Beacon – Criterion, Beacon – Hague, Beacon – Paramount, Beacon – Orpheum and Beacon – Tower, each of the mortgaged properties is subject to certain historic rehabilitation tax credits (the “HTCs”). The HTCs are passed through to the third party tax credit investor. Please see “Description of the Mortgage Pool—Real Estate and Other Tax Considerations” in the Preliminary Prospectus for additional information.
With respect to Loan Nos. 42, 46, 49, and 53, Beacon – Paramount, Beacon - Mercury / Garage, Beacon – Orpheum and Beacon – Tower, each of the mortgaged properties benefits from a15-year real estate tax abatement. The Beacon – Mercury / Parking Garage 15-year real estate tax abatement was approved in 2012, Beacon – Paramount and Beacon – Orpheum were approved in 2013 and Beacon – Tower was approved in 2014. The taxes for each loan were underwritten based on the abated tax amount. Please see “Description of the Mortgage Pool—Real Estate and Other Tax Considerations” in the Preliminary Prospectus for additional information. |
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(16) | Except for the mortgage loan listed below, 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 Note Date during the term of the mortgage loan.
With respect to Loan No. 33, Fairfield Portfolio, UW NOI DSCR and UW NCF DSCR is calculated based on the sum of the first 12 principal and interest payments based on the assumed principal payment schedule set forth in Annex H to this prospectus. |
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(17) | In the case of certain mortgage loans, all or a portion of the Title Type consists of a leasehold interest.
With respect to Loan No. 10, Worldwide Plaza, the amenity parcel, which does not constitute collateral for the mortgage loan, but as to which certain loans thereon have been pledged to secure the mortgage loan, includes condominium interests, as to which the borrower does not have control of the condominium.
With respect to Loan No. 13, Braddock Metro Center, the mortgaged property is subject to a “Virginia land condominium”. There are two units: (i) Braddock Metro Center mortgaged property (consisting of 1320, 1330 and 1340 Braddock Place, as well as the underground parking garage), and (ii) the 1310 Braddock Place building, which is not collateral for the Braddock Metro Center mortgage loan. There is no board of directors for the unit owner’s association. Each unit owner is entitled to a vote equal to its percentage interest. The borrower’s percentage interest is approximately 88.6%. The condominium documents do not govern casualty or condemnation, insurance proceeds, or provide for any assessments against the unit owners.
With respect to Loan No. 15, Marina Heights State Farm, the mortgaged property has been divided into multiple leasehold condominium units, all of which are owned by the borrower.
With respect to Loan No. 17, 599 Broadway, the mortgaged property consists of five units in a condominium with a total of 14 units. The borrowers collectively do not control the condominium board. Please see “Description of the Mortgage Pool—Mortgage Pool Characteristics—Condominium Interests” for additional information.
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| With respect to Loan Nos. 18 and 21, Lehigh Valley Mall and 90 Hudson, in each case the mortgage loan is secured by both the borrower’s fee simple interest and a borrower affiliate’s leasehold interest under a ground lease.
With respect to Loan No. 20, Signature Place Condominiums, the mortgaged property consists of 300 units in a 440 unit condominium. |
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| With respect to Loan No. 32, Towers at University Town Center, the mortgaged property is partially secured by a sublease of a ground lease of 162 parking spaces at a neighboring property. Neither the ground lease nor the sublease has customary leasehold financing provisions. However, the parking spaces are not required for zoning compliance or for the operation of the mortgaged property. The subleasehold property has historically operated at a net loss, which has been accounted for in the underwriting. No upside from the subleasehold property was included in the underwriting.
With respect to Loan No. 55, 5657 Copley Drive, the mortgaged property consists of a condominium association and sub-association that governs the maintenance of common areas shared among the mortgaged property and immediately surrounding properties. |
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(18) | With respect to each hotel property, shows the expiration date of the related license agreement, franchise agreement, operating agreement or management agreement. See “Description of the Mortgage Pool—Property Types—Hotel Properties” in the preliminary prospectus for information related to mortgage loans secured by hotel properties.
With respect to Loan No. 5, Rochester Hotel Portfolio, the Kahler Grand and Kahler Inn & Suites mortgaged properties are not flagged hotel properties. The mortgaged properties are managed by Richfield Hospitality, Inc., each pursuant to a management agreement that has an initial termination date of October 17, 2018, and which will automatically renew until otherwise terminated by the borrower or manager with 90 days’ written notice. The mortgaged properties are operated under the Kahler brand, which is a trademark owned by one of the borrowers.
With respect to Loan No. 5, Rochester Hotel Portfolio, the Residence Inn Rochester property is subject to a franchise agreement that expires on October 26, 2024 with one 10-year extension to October 26, 2034, exercisable at the franchisee’s option provided the following conditions are satisfied, (i) the franchisee is not in default, (ii) the franchisee met all monetary obligations during the term, (iii) the franchisee delivers a renewal application not less than 24 months or more than 36 months prior to the end of the current term along with an application fee and (iv) the franchisee signs the franchisor’s then-current form of franchise agreement not less than 12 months prior to the end of the current term, which will require satisfaction of various conditions precedent (including upgrading to then-current standards and specifications of the franchisor). |
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(19) | 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.
With respect to Loan No. 3, Apple Campus 3, at loan origination the borrower deposited $93,750 for the estimated cost to complete outstanding punchlist items. Following origination, an additional $506,100 was deposited due to additional punch list items identified by Apple.
With respect to Loan No. 9, 600 Clipper, the Upfront TI/LC Reserve ($) includes a tenant improvement reserve in the amount of $4,147,500, which the previous owner of the mortgaged property deposited in connection with the acquisition of the property by the borrower. The escrowed funds are currently held by a title company and the borrower has collaterally assigned its rights to the lender as additional security.
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| With respect to Loan No. 10, Worldwide Plaza, the borrowers are permitted at their election to substitute one or more Qualifying Guaranties or letters of credit meeting the requirements of the loan documents in lieu of cash reserves (other than for the excess cash flow reserve). The aggregate letters of credit and Qualifying Guaranties in lieu of reserves may not exceed $120,000,000.
With respect to Loan No. 22, Marriott Charlotte City Center, Upfront Other Reserve ($) represents a $10,000,000 holdback reserve, which was required to be released to the borrower at such time that the mortgaged property achieved a net operating income of at least $10,000,000 on a trailing 12 month basis. The reserve was released to the borrower in August 2017 in accordance with the loan documents. |
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| With respect to Loan Nos. 35, 39, 42, 49, and 53, Beacon – Criterion, Beacon – Hague, Beacon – Paramount, Beacon – Orpheum and Beacon – Tower, in each case, the Upfront Other Reserve ($) includes the following: (a) HTC insurance premium required by the loan documents in connection with any insurance coverage in excess of the amounts otherwise required to be carried by the borrower, to the extent required pursuant to the terms of the related master lease and/or the master lessee’s operating agreement; (b) the estimated amount of the put price owing to PNC Investment Company, LLC (“PNC”), the tax credit investor and the beneficiary of the HTCs, at the related mortgaged property (the “Put Option Reserve”), which funds may be used (i) to pay the put price or (ii) if a put is not exercised and a subsidiary of the borrower sponsor exercises a call right or other right to reacquire PNC’s interest, to pay such amount; (c) the amount (“Ongoing PNC Distributions Reserve”) equal to (i) all known and estimated payments and distributions owing by the master tenant to PNC (including, without limitation, priority return payments, residual operating distributions, and excess profit payments) during the period commencing on the loan origination date and ending on the date on which PNC may exercise its put option (the “Put Commencement Date”) and (ii) in the event that PNC does not exercise its put option on the Put Commencement Date, amounts required to fund the master lessee’s obligation to “top up” the Ongoing PNC Distributions Reserve with respect to all payment or distributions owed by the borrower sponsor or the master tenants to PNC for the remaining period between the Put Commencement Date and the loan maturity date. Both the Put Option Reserve and the Ongoing PNC Distributions Reserve constitute collateral for the guaranteed obligations solely under the pledgor guaranty agreements given for the benefit of the lender, but are excluded from collateral for the loan under the loan documents. In connection with the Ongoing PNC Distributions Reserve only, to the extent there exists any deficiency, determined by the lender once each calendar year based on an increase in the anticipated excess profit payments required for the following year under the related master lease documents, additional funds will be allocated to the related excess profits payments subaccount pursuant to the cash management agreement and the related pledger guaranty. Please see “Description of the Mortgage Pool—Real Estate and Other Tax Considerations” in the Preliminary Prospectus for additional information with respect to the HTCs.
With respect to Loan No. 48, Amsdell Georgia Portfolio, the borrower was required to reserve $500,000 at origination for an economic holdback reserve. |
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(20) | Represents the monthly amounts required to be deposited by the borrower. The monthly collected amounts may be increased or decreased pursuant to the terms of the related 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 trigger in the respective mortgage loan documents.
With respect to Loan No. 1, Central Park of Lisle, at loan closing, the lender reserved $3,747,355 upfront classified as replacement reserves under the loan agreement for which $74,750 is earmarked for immediate repairs (115% of engineer’s estimated costs in the PCA). The remaining $3,672,605 is accretive to the structure for the loan. Although it is structured under replacement reserves, the loan allows for the Borrower to use those funds for TI/LCs.
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| With respect to Loan No. 2, Promenade Shops at Aventura, during the cash sweep period caused solely by (i) Nordstrom failing to renew its lease prior to the earlier of (A) the expiration of the renewal notice period pursuant to the lease and (B) 12 months prior to the expiration of the lease, (ii) Nordstrom “going dark”, vacating or abandoning the premises leased under its lease or (iii) Nordstrom becoming subject to a bankruptcy action, all excess cash flow after payment of debt service required reserves and operating expenses is required to be deposited into the Monthly Other Reserve ($). The reserve is subject to cap in an amount equal to $20.00 multiplied by the leasable area that is subject to the Nordstrom lease. The borrower is permitted to post a letter of credit in an amount equal to the cap in lieu of the deposits from excess cash flow. |
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| With respect to Loan No. 5, Rochester Hotel Portfolio, during a franchise agreement sweep period, excess cash flow on deposit in the clearing account is required to be swept on each monthly payment date into a property improvement plan (“PIP”) reserve account until such funds equal to the greater of (i) $1,800,000 (which may be reduced by the lender in its reasonable discretion to 110% of the anticipated costs required to comply with all PIP requirements under any replacement franchise agreement or renewal or extension of any existing franchise agreement, if less than $1,800,000) and (ii) in the lender’s reasonable discretion, 110% of the anticipated costs required to comply with all PIP requirements under any replacement franchise agreement or renewal or extension of any existing franchise agreement. A franchise agreement sweep period will commence on the earlier to occur of (i) 24 months prior to the expiration date of the applicable franchise agreement and (ii) any borrower’s written notice to the lender of a borrower’s intent to commence the process of replacing an applicable existing franchise agreement and shall end upon the occurrence of (x) borrowers delivering a replacement franchise agreement or renewal or other extension of an existing franchise agreement and having an initial term (with respect to a replacement franchise agreement) or a remaining term (with respect to an existing franchise agreement, after giving effect to such renewal or extension), in either case, of at least 10 years and (y) the amount in the PIP account equaling 110% of the anticipated costs required to comply with all PIP requirements under any such replacement franchise agreement (or renewal or extension of any existing franchise agreement).
With respect to Loan No. 5, Rochester Hotel Portfolio, the borrowers are required to establish a renovation reserve account and, on each of the first 30 monthly payment dates, deposit $500,000 plus FF&E deposits for the Kahler Grand property and the Kahler Inn & Suites property that would otherwise have been deposited into the FF&E reserve on such monthly payment date. The monthly renovation reserve deposits may be reduced by a proportionate amount if the borrowers deposit an amount in excess of the renovation reserve fixed payment amount in a prior month. |
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| With respect to Loan No. 5, Rochester Hotel Portfolio, on each monthly payment date in June, July, August, September, October, and November, the borrowers are required to deposit $50,000 into a seasonality reserve for potential shortfalls in the payment of the monthly interest payment amount, monthly debt service payment amount, other amounts payable under the loan documents and other operating expenses on each monthly payment date in January, February and March (provided, if no Trigger Period (as defined in the loan documents) exists, the lender is required to disburse available funds in an amount equal to $100,000 to the borrowers on each such monthly payment date). The seasonality reserve is subject to a cap of $300,000.
With respect to Loan No. 12, Hotel Indigo & Austin, the borrower is required to deposit the greatest of (i) 2.0% of prior month’s gross revenues (as set forth in the most recent approved annual budget) through and including the payment date in August 2018, 3.0% of prior month’s gross revenues (as set forth in the most recent approved annual budget) beginning on the payment date in September 2018 through and including the payment date in August 2019, and 4.0% of the prior month’s gross revenues (as set forth in the most recent approved annual budget) thereafter, (ii) the amount required under the management agreement and (iii) the amount required under the franchise agreement for FF&E.
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| With respect to Loan No. 12, Hotel Indigo & Austin, the borrower will not be required to make monthly payments into the tax, insurance or FF&E reserve accounts on any monthly payment date occurring immediately after a seasonal month (initially, the monthly payment date in January) to the extent, and only to the extent, that sufficient funds are on deposit in the seasonal working capital reserve account and the lender is obligated to disburse funds therein to pay the same. |
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| With respect to Loan No. 12, Hotel Indigo & Austin, on each monthly payment date from September 2017 through December 2017, the borrower was required to make deposits equal to $61,386 for the purpose of funding a seasonal working capital reserve to cover shortfalls during seasonal periods when rents may be reduced. On each monthly payment date occurring during the term of the loan commencing in February 2018, other than the monthly payment date occurring in January, to the extent the balance of the seasonal working capital reserve account is less than the seasonal working capital reserve annual deposit amount (as described below), the borrower will be required, following at least 10 days prior notice, to deposit an amount equal to the seasonal working capital reserve account monthly deposit (as defined in the loan documents) on each monthly payment date until the seasonal working capital reserve account equals the seasonal working capital reserve annual deposit amount. The seasonal working capital reserve annual deposit amount is generally equal to the debt service, reserves, and if a cash management period exists, budgeted and projected extraordinary operating expenses, due in each month of the applicable year that follows a month that is in a seasonal period when hotel rents may be reduced. The seasonal working capital reserve account monthly deposit is generally the annual amount divided by the number of non-seasonal months.
With respect to Loan No. 13, Braddock Metro Center, ongoing monthly tax reserves are calculated based on the annual tax assessment which includes the 1310 Braddock Place building. The ongoing monthly tax reserve amount will be reassessed when the 1310 Braddock Place building, which is not part of the collateral for the related mortgage loan, is considered to be a separate tax parcel.
With respect to Loan No. 16, Red Building, beginning on February 6, 2021, the borrower is required to deposit $66,114 into the TI/LC Reserve on each payment date until the Leasing Reserve cap of $3,966,820 is reached. |
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| With respect to Loan No. 22, Marriott Charlotte City Center, the borrower is required to deposit (a) for months one through 36 of the term of the loan, 3%, (b) for months 37 through 48 of the term of the loan, 4% and (c) for months 49 through 60 of the term of the loan, 5% of gross income from operations for the calendar month occurring two calendar months prior to such payment date plus any amounts required to be deposited pursuant to any property improvement plan if: (i) the property manager no longer reserves or otherwise sets aside funds for replacements and repairs required to be made to the property during the calendar year in accordance with the loan documents, (ii) the borrower fails to provide to the lender with reasonably satisfactory evidence that sums for replacements and repairs required to be made to the mortgaged property are being reserved with the property manager and such sums are being expended at the property in accordance with the requirements of the loan documents or the management agreement or (iii) the management agreement is no longer in full force and effect.
With respect to Loan No. 27, 32 East Shopping Center, the borrower is required to deposit $15,742.67 into the Monthly TI/LC Reserve ($) on each payment date beginning with the first monthly payment date on March 6, 2018 through and including the payment date on January 6, 2019. Beginning on the payment date on January 6, 2020 and on each monthly payment date thereafter, the borrower is required to deposit $3,936 into the TI/LC reserve account. |
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| With respect to Loan No. 28, Hilton Garden Inn – Atlanta Airport North, the borrower is required to deposit into the Monthly Capex Reserve ($) the greater of (A) the amount required by the franchisor under the franchise agreement and (B) 1/12th of (i) for the first twenty-four months of the term of the Mortgage Loan, |
| two percent (2%), (ii) for the subsequent twelve months, three percent (3%), and for the remainder of the term of the Mortgage Loan, four percent (4%), in each case, of the greater of (x) the annual gross revenue for hotel-related operations for the preceding calendar year and (y) projected annual gross revenues for hotel-related operations at the mortgaged property for the calendar year in which such due date occurs as set forth in the approved annual budget. The borrower is required to deposit into the Monthly Other Reserve ($) for the seasonality reserve, on the due date in February through October of each calendar year if it is determined that in November, December, or January of a calendar year the amount by which operating expenses, debt service, tax, insurance, and FF&E reserves exceeds operating income and other gross revenues are equal to or exceed $50,000, 1/9th of an amount equal to 110% of the greater of (A) the sum of the amount by which operating expenses, debt service, tax, insurance, and FF&E reserves exceeds operating income and other gross revenues for the 12 months prior to the applicable date of determination, and (B) the sum of amount by which operating expenses, debt service, tax, insurance, and FF&E reserves exceeds operating income and other gross revenues for such calendar year as determined by the approved annual budget.
With respect to Loan No. 33, Fairfield Portfolio, on each payment date occurring in February through and including October, the borrower is required to deposit $25,000 per month (subject to adjustment from time to time by the lender), subject to a cap of $200,000, into the seasonal working capital reserve account. |
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| With respect to Loan No. 36, Holiday Inn Express Downtown New Orleans, upon the occurrence of the lender’s determination that the debt yield is less than 9.5% until the lender’s determination the debt yield is equal to or greater than 10%, on each due date the borrower is required to deposit into the Monthly Other Reserve ($) for the seasonality reserve, 110% of the quotient of (x) the aggregate amount by which operating income for the mortgaged property is insufficient to establish a debt service coverage ratio of 1.00x for the twelve (12) month period, divided by (y) the number of months for which there is no insufficiency, in each case, based on the approved annual budget (or, if no approved annual budget exists, the approved annual budget for the preceding calendar year, and if no approved budget exists for the preceding calendar year, based on the monthly operating statements of the mortgaged property for the twelve (12) month period prior to date of determination). On each due date the borrower is required to deposit into the Monthly Capex Reserve ($) the greater of (A) any amount required by the franchisor under the franchise agreement for FF&E and (B)(I) during the first year of the initial term of the existing franchise agreement, one twelfth (1/12) of 2%, (II) during the and second and third year of the initial term of the existing franchise agreement, one twelfth (1/12) of 3% and (III) thereafter or at any time that the franchise agreement in existence at origination has been terminated or otherwise ceases to be in full force and effect, one twelfth (1/12) of 4%, in each case, of the greater of (x) the annual gross revenues for the hotel related operations at the mortgaged property for the immediately preceding calendar year as reasonably determined by the lender and (y) the projected annual gross revenues for the hotel related operations at the mortgaged property for the calendar year in which such due date occurs as set forth in the approved annual budget; provided, that, notwithstanding anything herein to the contrary, if, as of any applicable date of determination, no approved annual budget exists for the applicable calendar year, the amount of the FF&E payment described in (B) above shall be determined by Lender in its reasonable discretion.
With respect to Loan No. 47, Centre Point Plaza, the borrower is required to deposit $2,654 into the Monthly Capex Reserve ($) on each payment date beginning on April 6, 2019 and on each payment date thereafter. In addition, the borrower is required to deposit $7,963 into the Monthly TI/LC Reserve ($) until the TI/LC Reserve account is equal to $200,000, so long as (i) the in-place occupancy for the Centre Point Plaza property is not less than 80.0%, (ii) the DSCR is greater than 1.25x, (iii) there is no ongoing anchor tenant trigger event and (iv) both Burke’s Outlet Stores, LLC and Belk, Inc. are in occupancy, open for business and paying rent. From and after the occurrence and during the continuance of a Burke’s tenant event, the borrower is required to deposit $15,926 on each payment date. |
| With respect to Loan No. 50, Four Points Nashville Airport, on each payment date occurring in March through and including November, the borrower is required to deposit $16,667 per month (subject to adjustment from time to time by the lender), subject to a cap of $150,000, into the seasonal working capital reserve account. Notwithstanding the foregoing, provided no event of default is continuing and the underwritten net cash flow DSCR is at least 1.25x, the borrower’s obligation to make a monthly deposit into the seasonal working capital reserve account will no longer be applicable.
With respect to Loan No. 54, Holiday Inn Express Glenwood Springs Aspen Area, on the payment dates occurring in June, July, August and September of each year during the term of the loan, commencing on the payment date in June 2019, the borrower is required to deposit an amount determined by the lender in May of each year equal to the amount which, if added to the net operating income, would cause the debt service coverage ratio during November, December, January and February immediately preceding such seasonality payment period to equal 1.00x; provided, however, in the event there is insufficient excess cash flow to make the full seasonality reserve monthly deposit in any of such months, the borrower is permitted to make an additional payment, in the amount equal to the full amount of any prior payment shortfall, in October of the applicable year. |
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(21) | Represents a cap on the amount required to be deposited by the borrower pursuant to the related mortgage loan documents. In certain cases, during the term of the mortgage loan, the caps may be altered or terminated subject to conditions of the respective mortgage loan documents.
With respect to Loan No. 38, Coral Club Apartments, the Capex Reserve Cap ($) of $198,000 excludes the upfront capex reserve deposit of $300,000.
With respect to Loan No. 45, Homewood Commons, beginning on January 6, 2024, funds in the Upfront TI/LC Reserve ($) will be subject to a TI/LC Reserve Cap ($) of $400,000.
With respect to Loan No. 52, Steeplechase Plaza, beginning on January 2, 2026, funds in the Upfront TI/LC Reserve ($) will be subject to a TI/LC Reserve Cap ($) of $350,000. |
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(22) | With respect to the footnotes hereto, no footnotes have been provided with respect to tenants that are not among the five largest tenants by square footage for any Mortgaged Property. In some instances, a tenant may have the right to assign its lease or sublease the leased premises and be released from its obligations under the subject lease.
With respect to Loan No. 1, Central Park of Lisle, the 2nd Largest Tenant, CA Technologies, subleases 11,138 square feet to Chicago Tribune Company, LLC. Chicago Tribune Company, LLC further subleases the 11,138 square feet to HCL America, Inc. With respect to Loan No. 10, Worldwide Plaza, the 2nd Largest Tenant, Cravath, Swaine & Moore LLP, subleases approximately 34,210 square feet of its space to McCarter & English LLP and approximately 29,688 square feet of its space to AMA Consulting Engineers, P.C.
With respect to Loan No. 11, 64 Wooster Street, the 2nd Largest Tenant, Harbinger Group, subleases 6,000 square feet to TodayTix, Inc. and 6,000 square feet to Keystone Strategy, LLC.
With respect to Loan No. 14, BlueLinx Portfolio, the Largest Tenant at the BlueLinx Frederick property, BlueLinx Corporation, subleases 100,000 square feet to Carter-Jones Lumber Company. The Largest Tenant at the BlueLinx Butner property, BlueLinx Corporation subleases approximately 104,000 square feet to Cormetech, Inc.
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| With respect to Loan No. 17, 599 Broadway, the entire mortgaged property is leased to 599 Broadway JS, LLC (Jeff Sutton), which has subleased its entire leased space as follows: (a) the sub-level and the first two floors to AE Outfitters Retail Co. and (b) the third floor to The Wella Corporation. The aggregate average per square foot underwritten base rent of (i) the prime leases is approximately $132 and (ii) the subleases are approximately $173. UW Revenues ($) reflects the underwritten prime lease rents.
With respect to Loan No. 19, Atrium Center, the entire premises leased to CCRM, the 3rd Largest Tenant, is subleased to CRMB Physician Group, PLLC, a subsidiary of CCRM. The term of the sublease expires concurrently with the term of the prime lease. The underwritten base rent of the sublease and prime lease are also identical at $36.75 per square foot. |
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(23) | In certain cases, the data for tenants occupying multiple spaces includes square footage only from the primary spaces sharing the same expiration date, and may not include smaller spaces with different expiration dates.
With respect to Loan No. 1, Central Park of Lisle, the Largest Tenant, Armour-Eckrich Meats LLC, leases 95,419 square feet of space that expire on November 30, 2027 and 588 square feet of space that expire on November 30, 2023. The 2nd Largest Tenant, CA Technologies, leases 61,787 square feet of space expiring on April 30, 2025 and 11,138 square feet of space that expires on March 31, 2020 (currently subleased to HCL America, Inc.). The 4th Largest Tenant, Kantar LLC, leases 39,363 square feet of space that expire on January 31, 2025 and 4,037 square feet of space that expire on October 31, 2019.
With respect to Loan No. 15, Marina Heights State Farm, the Largest Tenant, State Farm, leases 426,902 square feet with an expiration date in December 2032, 370,332 square feet with an expiration date in December 2035, 347,851 square feet with an expiration date in December 2037, 245,370 square feet with an expiration date in December 2039 and 575,639 square feet with an expiration date in December 2042.
With respect to Loan No. 16, Red Building, the 3rd Largest Tenant, Gaumont Television USA, leases 10,495 square feet of space that expire on July 31, 2023 and 19,893 square feet of space that expire on July 31, 2027.
With respect to Loan No. 26, Gateway Plaza, the 4th Largest Tenant, Poole & Shaffery, LLP, leases 7,474 square feet with a lease expiration date in April 2022 and 1,755 square feet with a lease expiration date in December 2020. |
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(24) | The lease expirations shown are based on full lease terms; however, in some instances, the tenant may have the option to terminate its lease with respect to all or a portion of its leased space prior to the expiration date shown. Certain tenants may have the right to reduce or abate rent or terminate all or a portion of their leased spaces for a breach or violation of co-tenancy provisions in the related leases.
With respect to Loan No. 1, Central Park of Lisle, the Largest Tenant, Armour-Eckrich Meats LLC has a one-time right to terminate its lease on February 28, 2023 for any or all suites, except Suite 350, with 12 months’ notice and payment of termination fees. The 2nd Largest Tenant, CA Technologies, has a one-time right to terminate all or no less than 50% of the remaining 7th floor space effective on April 30, 2020 with 12 months’ notice and payment of the contraction fee.
With respect to Loan No. 7, Sentinel Square II, the Largest Tenant, District of Columbia, has the right to terminate its lease if sufficient funds are not appropriated to cover the cost of fixed and additional rent.
With respect to Loan No. 10, Worldwide Plaza, the Largest Tenant, Nomura Holding America Inc., has the right to reduce its space upon 15 months’ notice prior to January 1, 2022 (if it has not exercised an expansion option in the prior 12 months) by a single contiguous block of space and/or any full or partial floor of its |
| space that is not contiguous to any other space then leased by Nomura Holding America Inc. so long as the total contraction space includes no more than 10% of its rentable square footage. Nomura Holding America Inc. may also reduce its space in the same manner once after January 1, 2022 and prior to January 1, 2027. Both contraction options are subject to certain payments associated with the option. Nomura Holding America Inc. also has a one-time right to terminate its lease, in whole or in part as of January 1, 2027 upon 18 months’ notice and payment of a termination fee equal to six months fixed rent on the terminated space and unamortized transaction costs associated with the terminated space.
With respect to Loan No. 16, Red Building, the 4th Largest Tenant, Clique Media, has the right to terminate its lease on January 31, 2023 with 18 months’ notice and the payment of unamortized tenant improvements, leasing commissions and abated rent. |
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| With respect to Loan No. 19, Atrium Center, the 3rd Largest Tenant, CCRM, has the right to terminate its lease as of May 31, 2027, with 12 months’ notice and the payment of a termination fee.
With respect to the Loan No. 23, Two Harbor Point Square, the 4th Largest Tenant, Castleton Commodities, can terminate its lease on March 31, 2020 with one-year notice and payment of a $1,300,000 termination fee. The 5th Largest Tenant, Insight Global, can terminate its lease on October 31, 2020 with one-year notice plus unamortized tenant improvements, leasing commissions & free rent, plus four months of base and additional rent and a $1,300,000 termination fee.
With respect to Loan No. 26, Gateway Plaza, the Largest Tenant, State of California, has the right to terminate its lease upon 30 days prior written notice at any time. The 2nd Largest Tenant, Regus, has the right to terminate its lease on November 19, 2019 upon at least 12 months’ prior written notice with a termination fee equal to the unamortized balance as of the termination date of the tenant improvement allowance, free rent, and brokerage commissions paid by landlord, plus a termination penalty of three months of rent.
With respect to Loan No. 30, Corporate Plaza, the Largest Tenant, United States of America General Services Administration (IRS), has the right to terminate its lease, in whole or in part, at any time on or after September 16, 2021 with at least 90 days written notice. The 3rd Largest Tenant, United States of America General Services Administration (Secret Service), has the right to terminate its lease, in whole or in part, at any time on or after September 30, 2018 with at least 90 days written notice.
With respect to Loan No. 34, Sabre Center II, the 4th Largest Tenant, Broadsoft, has a one-time right to terminate its lease on June 1, 2020 with written notice given no later than 270 days prior (September 5, 2019), and a termination fee equal to the sum of the unamortized hard and soft costs of the tenant improvements, the unamortized brokerage fees and two month’s rent.
With respect to Loan No. 37, Lost Tree Financial Center, the Largest Tenant, Ameriprise Holdings, Inc., has the right to terminate its lease as of January 31, 2023, with six months’ notice and the payment of a termination fee. |
| With respect to Loan No. 44, 564 6th Street, the Largest Tenant, the City and County of San Francisco, may terminate its lease if sufficient funds are not appropriated for the payment of rent or other payments under the lease.
With respect to Loan No. 55, 5657 Copley Drive, the Largest Tenant, Mr. Copy, Inc., has the right to terminate its lease between March 1, 2023 and February 28, 2025, the last two years of the lease, if tenant specific required capex exceeds six months’ base rent.
With respect to Loan No. 56, WAG Lawrenceville, the Largest Tenant, Walgreens, has the right to terminate |
| its lease on December 31 for the years 2021, 2026, 2031, 2036, 2041, 2046, 2051, and 2056 with 12 months’ notice. |
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(25) | In certain cases, the Principal / Carveout Guarantor name was shortened for spacing purposes or due to the number of parties serving as the Principal / Carveout Guarantor. In the case of certain mortgage loans, the loan documents permit the borrower to replace the Principal / Carveout Guarantor upon satisfaction of certain terms and conditions in the related loan documents.
With respect to Loan No. 6, InterContinental San Francisco, there is no carveout guarantor for the mortgage loan, and the borrower is the sole party liable for breaches or violations of the provisions in the loan documents and the environmental indemnity.
With respect to Loan No. 7, Sentinel Square II, there is no carveout guarantor for the mortgage loan, and the borrower is the sole party liable for breaches or violations of the nonrecourse carveout provisions in the loan documents and the environmental indemnity.
With respect to Loan No. 8, The Woods, there is no separate Carveout Guarantor.
With respect to Loan No. 10, Worldwide Plaza, the non-recourse carveout guarantors are SL Green Operating Partnership, L.P. (“SLGOP”) and RXR Fund III (consisting of RXR Real Estate Value Added Fund – Fund III LP, RXR RE VAF – Fund III Parallel A LP, RXR RE VAF – Fund III Parallel B LP, RXR RE VAF – Fund III Parallel B (REIT) LP, RXR RE VAF – Fund III Parallel C LP, and RXR RE VAF – Fund III Parallel D LP), on a joint and several basis (except as to events caused solely by SL Green Operating Partnership L.P. or its affiliates or caused solely by RXR Fund III or its affiliates, in which case solely the related guarantor or group of guarantors is liable). The nonrecourse carve-out guarantee is limited to certain carveouts, including (i) loss recourse for any violation of the transfer restrictions contained in the loan documents (other than those that are full recourse) and any unsecured, unpermitted additional debt and (ii) full recourse for insolvency events (capped at $94,000,000), unpermitted transfers of all or substantially all of the office tower, the amenity parcel, the collateral related to the amenity parcel or the equity interests in the borrowers or certain entities related to the amenity parcel owned by the borrowers and unpermitted additional debt secured by the collateral. Recourse for fraud, misapplication or misappropriation of insurance proceeds or condemnation awards and breaches of environmental covenants is only to the related borrowers, not the guarantor, and there is no recourse for intentional misrepresentation, misappropriation of rents or physical waste. There is no environmental indemnitor for the Worldwide Plaza whole loan, other than the borrowers. |
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| With respect to Loan No. 15, Marina Heights State Farm, there is no carveout guarantor for the whole loan, and the borrower is the sole party responsible for breaches or violations of the nonrecourse carve-out provisions in the loan documents and the environmental indemnity.
With respect to Loan No. 18, Lehigh Valley Mall, the obligations and liabilities of the Carveout Guarantor under the non-recourse carveout guaranty are capped at $40,000,000, plus all reasonable out-of-pocket costs and expenses (including court costs and reasonable attorneys’ fees) incurred by the lender in the enforcement of the guaranty or the preservations of the lender’s rights under the guaranty.
With respect to Loan No. 19, Atrium Center, there is no separate Carveout Guarantor. |
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(26) | The classification of the lockbox and cash management types is described in the Prospectus. See “Description of the Mortgage Pool – Lockbox Accounts” for further details.
With respect to Loan No. 4, EOS 21, the borrower is required to (i) cause the property manager to collect all rents from the residential portion of the mortgaged property and deposit such rents into the lockbox account within three business days after receipt thereof and (ii) notify and advise each commercial tenant of the |
| mortgaged property to send directly to the lockbox account all payments of rent payable to the borrower under each applicable lease pursuant to a tenant direction letter sent at origination of the loan. In the event the owners of the borrower incur mezzanine debt in accordance with the loan documents, the borrower is required to implement in-place hard cash management.
With respect to Loan No. 10, Worldwide Plaza, the office tower portion of the collateral securing the Worldwide Plaza mortgage loan is structured with a hard lockbox and springing cash management. The amenities borrower, the pledger of the collateral related to the amenity parcel, has caused the amenities lender to establish a springing lockbox account to which the owner of the amenity parcel deposits cash revenue related to the amenity parcel. During the continuance of a trigger period, the amenities borrower is required to cause the amenities lender not to make any remittances from the amenities lockbox account except generally to pay expenses of the Worldwide Plaza mortgaged property, to the lockbox account or cash management account or certain other specified payments not to exceed $300,000 a year. |
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(27) | With respect to Loan Nos. 19, 22 and 23, Atrium Center, Marriott Charlotte City Center and Two Harbor Point Square, the related whole loan will initially be serviced by the master servicer and special servicer pursuant to the pooling and servicing agreement for the Benchmark 2018-B1 transaction. From and after the date on which the related lead servicing companion loan is securitized, it is anticipated that the related whole loan will be serviced under and by the master servicer and special servicer designated in the related pooling and servicing agreement entered into in connection with such securitization. |
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(28) | Refers to (a) debt secured by the mortgaged property, (b) mezzanine debt and (c) preferred equity. See “Description of the Mortgage Pool—Additional Debt—Existing Mezzanine Debt,” “—Future Mezzanine Debt” and “—Preferred Equity” and “Certain Legal Aspects of the Mortgage Loans” in the preliminary prospectus for information related to mortgage loans with subordinate, mezzanine or other additional debt or preferred equity that permit subordinate, mezzanine or other additional debt in the future.
With respect to Loan No. 3, Apple Campus 3, the $117,500,000 senior mezzanine loan has an initial interest rate of 4.6200% per annum and an ARD feature with an anticipated repayment date of January 6, 2028, with an increased interest rate equal to the greater of (i) 4.6200% per annum plus 1.50% and (ii) the 10-year swap rate as of the anticipated repayment date plus 1.50%, until the final maturity date of April 6, 2031. The $117,500,000 junior mezzanine loan has an initial interest rate of 6.0000% per annum and an ARD feature with an anticipated repayment date of January 6, 2028, with an increased interest rate equal to the greater of (i) 6.0000% per annum plus 1.50% and (ii) the 10-year swap rate as of the Anticipated Repayment Date plus 1.50%, until the Final Maturity Date of April 6, 2031. The initial interest rates for both loans results in a blended rate of 5.3100%. Payments of interest on the mezzanine loans (at their initial rate) are payable from excess cash flow prior to excess cash flow being used to amortize the related whole loan. |
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| With respect to Loan No. 6, InterContinental San Francisco, pursuant to a side letter between the borrower and IHG Management (Maryland) LLC, IHG Management is required to, over a two-year period, purchase up to $2,500,000 (the “Aggregate Amount”) worth of certain qualifying personal property/FF&E to be used for the hotel, which personal property will be owned by IHG Management, but kept at the InterContinental San Francisco property, with a revocable license to the borrower. If the management agreement is terminated, the borrower must pay IHG Management the Aggregate Amount, which amount will be reduced by $250,000 on each anniversary of the date IHG Management first incurs any such expense. At the end of the two-year period, IHG Management may fund any unused portion of the Aggregate Amount into the FF&E reserve held by IHG Management. Pursuant to a subordination, non-disturbance and attornment agreement between IHG Management and the lender, if the lender forecloses on the InterContinental San Francisco property and there is a termination event under the IHG Management Agreement, the lender may, but is not obligated to, purchase such personal property from IHG Management for an amount equal to the amount IHG Management spent on such personal property, as reduced on each anniversary of the first purchase as described above. If the lender chooses not to purchase such personal property, IHG Management will have |
| the right to remove such personal property from the InterContinental San Francisco hotel.
With respect to Loan No. 10, Worldwide Plaza, the $260,000,000 mezzanine debt consists of a $190,000,000 mezzanine loan which carries an interest rate of 5.1170% per annum, and a $70,000,000 second mezzanine loan which carries an interest rate of 6.000% per annum.
With respect to Loan No. 10, Worldwide Plaza, the borrowers may issue preferred equity in lieu of or in combination with mezzanine debt, subject to a maximum amount of $120,000,000 and the conditions set forth in the table regarding future mezzanine debt under “Description of the Mortgage Pool—Additional Indebtedness—Mezzanine Indebtedness” in the Preliminary Prospectus. Future mezzanine debt or preferred equity may not be incurred prior to April 18, 2018. Goldman Sachs Mortgage Company or an affiliate has a right of first offer to provide the future mezzanine debt or preferred equity. The mortgage loan documents provide that there will be no restriction on the right to prepay, defease or redeem such future mezzanine debt or preferred equity.
With respect to Loan No. 16, Red Building, the whole loan is structured with $116,000,000 of subordinate debt split between a B-Note of $51,000,000 at a 5.25% coupon and a C-Note of $65,000,000 at a 6.00% coupon. |
| With respect to Loan No. 18, Lehigh Valley Mall, the loan documents permit the borrower to enter into a “Property-Assessed Clean Energy loan”, incurred for improvements to the property for the purpose of increasing energy efficiency, increasing use of renewable energy sources, resource conservation, or a combination of the foregoing, and repaid through multi-year assessments against the property, for an amount not to exceed $5,000,000, subject to the lender’s approval (not to be unreasonably withheld, conditioned or delayed) and rating agency confirmation.
With respect to Loan No. 23, Two Harbor Point Square, the mortgage loan has an interest only period of five years followed by five years of amortization based on a 30-year amortization schedule, and the Two Harbor Point Square mezzanine loan is full term interest only.
With respect to Loan Nos. 35, 39, 42, 46, 49, and 53, Beacon – Criterion, Beacon – Hague, Beacon – Paramount, Beacon - Mercury / Garage, Beacon – Orpheum and Beacon – Tower the respective mezzanine loan balances, in aggregate, reflect a single mezzanine loan secured by the interests in each applicable borrower, which is subject to additional advancing as described below. Mezzanine balances and related mezzanine and total debt calculations reflect the balance as if fully advanced. |