FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-206705-15 | ||
CD 2018-CD7
The depositor has filed a registration statement (including the prospectus) with the Securities and Exchange Commission (File No. 333-206705) for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the Securities and Exchange Commission for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the Securities and Exchange Commission website at www.sec.gov. Alternatively, the depositor or Deutsche Bank Securities Inc., any other underwriter, or any dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-503-4611 or by emailing: prospectus.cpdg@db.com. The offered certificates referred to in these materials, and the asset pool backing them, are subject to modification or revision (including the possibility that one or more classes of certificates may be split, combined or eliminated at any time prior to issuance or availability of a final prospectus) and are offered on a “when, as and if issued” basis. You understand that, when you are considering the purchase of these certificates, a contract of sale will come into being no sooner than the date on which the relevant class has been priced and we have verified the allocation of certificates to be made to you; any “indications of interest” expressed by you, and any “soft circles” generated by us, will not create binding contractual obligations for you or us.
This free writing prospectus does not contain all information that is required to be included in the prospectus.
STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING ESTIMATES AND OTHER INFORMATION
This material is for your information, and none of Deutsche Bank Securities Inc., Cantor Fitzgerald & Co., Citigroup Global Markets Inc., Academy Securities, Inc., Drexel Hamilton, LLC or any other underwriter, (collectively, the “Underwriters”) are soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal.
Neither this document nor anything contained herein shall form the basis for any contract or commitment whatsoever. The information contained herein is preliminary as of the date hereof. These materials are subject to change, completion or amendment from time to time. The information contained herein will be superseded by similar information delivered to you as part of the preliminary prospectus relating to the CD 2018-CD7 Mortgage Trust Commercial Mortgage Pass-Through Certificates, Series 2018-CD7 (the “Offering Document”). The information contained herein supersedes any such information previously delivered and should be reviewed only in conjunction with the entire Offering Document. All of the information contained herein is subject to the same limitations and qualifications contained in the Offering Document. The information contained herein does not contain all relevant information relating to the underlying mortgage loans or mortgaged properties. Such information is described elsewhere in the Offering Document. The information contained herein will be more fully described elsewhere in the Offering Document. The information contained herein should not be viewed as projections, forecasts, predictions or opinions with respect to value. Prior to making any investment decision, prospective investors are strongly urged to read the Offering Document its entirety. Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this free writing prospectus is truthful or complete. Any representation to the contrary is a criminal offense.
The attached information contains certain tables and other statistical analyses (the “Computational Materials”) which have been prepared in reliance upon information furnished by the Mortgage Loan Sellers. Numerous assumptions were used in preparing the Computational Materials, which may or may not be reflected herein. As such, no assurance can be given as to the Computational Materials’ accuracy, appropriateness or completeness in any particular context; or as to whether the Computational Materials and/or the assumptions upon which they are based reflect present market conditions or future market performance. The Computational Materials should not be construed as either projections or predictions or as legal, tax, financial or accounting advice. You should consult your own counsel, accountant and other advisors as to the legal, tax, business, financial and related aspects of a purchase of these securities. Any weighted average lives, yields and principal payment periods shown in the Computational Materials are based on prepayment and/or loss assumptions, and changes in such prepayment and/or loss assumptions may dramatically affect such weighted average lives, yields and principal payment periods. In addition, it is possible that prepayments or losses on the underlying assets will occur at rates higher or lower than the rates shown in the attached Computational Materials. The specific characteristics of the securities may differ from those shown in the Computational Materials due to differences between the final underlying assets and the preliminary underlying assets used in preparing the Computational Materials. The principal amount and designation of any security described in the Computational Materials are subject to change prior to issuance. None of Underwriters or any of their respective affiliates makes any representation or warranty as to the actual rate or timing of payments or losses on any of the underlying assets or the payments or yield on the securities.
This document contains forward-looking statements. Those statements are subject to certain risks and uncertainties that could cause the success of collections and the actual cash flow generated to differ materially from the information set forth herein. While such information reflects projections prepared in good faith based upon methods and data that are believed to be reasonable and accurate as of the dates thereof, the depositor undertakes no obligation to revise these forward-looking statements to reflect subsequent events or circumstances. Individuals should not place undue reliance on forward-looking statements and are advised to make their own independent analysis and determination with respect to the forecasted periods, which reflect the issuer’s view only as of the date hereof.
IMPORTANT NOTICE RELATING TO AUTOMATICALLY GENERATED EMAIL DISCLAIMERS
Any legends, disclaimers or other notices that may appear at the bottom of the email communication to which this free writing prospectus is attached relating to (1) these materials not constituting an offer (or a solicitation of an offer), (2) no representation being made that these materials are accurate or complete and may not be updated or (3) these materials possibly being confidential, are not applicable to these materials and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of these materials having been sent via Bloomberg or another system.
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CD 2018-CD7
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | Mortgage | Cut-off | General | Detailed | Interest | Original | Remaining | Original | Remaining | First | ||||||||||||
Initial Pool | # of | Loan | Original | Date | Maturity | Property | Property | Interest | Administrative | Accrual | Term to | Term to | Amortization | Amortization | Origination | Payment | Maturity | |||||
Property Flag | ID | Property Name | Balance | Properties | Seller(1) | Balance($)(3) | Balance($)(4)(6) | or ARD Balance($)(6) | Type | Type | Rate | Fee Rate(5) | Basis | Maturity or ARD | Maturity or ARD | Term(6) | Term(6) | Date | Date | or ARD Date | ||
Loan | 1 | Aventura Mall(2)(35) | 8.4% | 1 | GACC | 60,000,000 | 60,000,000 | 60,000,000 | Retail | Super Regional Mall | 4.1213% | 0.0168% | Actual/360 | 120 | 119 | 0 | 0 | 06/07/2018 | 08/01/2018 | 07/01/2028 | ||
Loan | 2 | Bank of America Center(2)(36) | 7.0% | 1 | CCRE | 50,500,000 | 50,500,000 | 50,500,000 | Office | CBD | 5.0300% | 0.0401% | Actual/360 | 120 | 119 | 0 | 0 | 06/21/2018 | 08/01/2018 | 07/01/2028 | ||
Loan | 3 | Westside NYC Multifamily Portfolio(35) | 5.9% | 14 | CCRE | 42,000,000 | 42,000,000 | 42,000,000 | Multifamily | Mid-Rise | 3.9012% | 0.0405% | Actual/360 | 120 | 118 | 0 | 0 | 06/05/2018 | 07/06/2018 | 06/06/2028 | ||
Property | 3.01 | 320 West 49th Street | 0.5% | 1 | CCRE | 3,760,842 | 3,760,842 | Multifamily | Mid-Rise | |||||||||||||
Property | 3.02 | 324 West 49th Street | 0.5% | 1 | CCRE | 3,707,451 | 3,707,451 | Multifamily | Mid-Rise | |||||||||||||
Property | 3.03 | 340 West 49th Street | 0.5% | 1 | CCRE | 3,671,475 | 3,671,475 | Multifamily | Mid-Rise | |||||||||||||
Property | 3.04 | 326 West 49th Street | 0.5% | 1 | CCRE | 3,520,309 | 3,520,309 | Multifamily | Mid-Rise | |||||||||||||
Property | 3.05 | 338 West 49th Street | 0.5% | 1 | CCRE | 3,445,465 | 3,445,465 | Multifamily | Mid-Rise | �� | ||||||||||||
Property | 3.06 | 332 West 49th Street | 0.5% | 1 | CCRE | 3,292,878 | 3,292,878 | Multifamily | Mid-Rise | |||||||||||||
Property | 3.07 | 318 West 49th Street | 0.4% | 1 | CCRE | 3,181,505 | 3,181,505 | Multifamily | Mid-Rise | |||||||||||||
Property | 3.08 | 322 West 49th Street | 0.4% | 1 | CCRE | 3,083,468 | 3,083,468 | Multifamily | Mid-Rise | |||||||||||||
Property | 3.09 | 330 West 49th Street | 0.4% | 1 | CCRE | 2,939,765 | 2,939,765 | Multifamily | Mid-Rise | |||||||||||||
Property | 3.1 | 334 West 49th Street | 0.4% | 1 | CCRE | 2,550,099 | 2,550,099 | Multifamily | Mid-Rise | |||||||||||||
Property | 3.11 | 328 West 49th Street | 0.4% | 1 | CCRE | 2,514,780 | 2,514,780 | Multifamily | Mid-Rise | |||||||||||||
Property | 3.12 | 336 West 49th Street | 0.3% | 1 | CCRE | 2,270,438 | 2,270,438 | Multifamily | Mid-Rise | |||||||||||||
Property | 3.13 | 308 West 49th Street | 0.3% | 1 | CCRE | 2,052,340 | 2,052,340 | Multifamily | Mid-Rise | |||||||||||||
Property | 3.14 | 310 West 49th Street | 0.3% | 1 | CCRE | 2,009,185 | 2,009,185 | Multifamily | Mid-Rise | |||||||||||||
Loan | 4 | 175 Park Avenue(2)(31) | 4.9% | 1 | CCRE | 35,000,000 | 35,000,000 | 35,000,000 | Office | Suburban | 5.3180% | 0.0397% | Actual/360 | 120 | 117 | 0 | 0 | 05/01/2018 | 06/06/2018 | 05/06/2028 | ||
Loan | 5 | Zenith Ridge(2) | 4.9% | 1 | SMF II | 35,000,000 | 35,000,000 | 32,134,667 | Office | Suburban | 4.7000% | 0.0509% | Actual/360 | 120 | 120 | 360 | 360 | 07/13/2018 | 09/06/2018 | 08/06/2028 | ||
Loan | 6 | Buckeye Corrugated | 4.6% | 6 | GACC | 32,830,000 | 32,830,000 | 32,830,000 | Industrial | Warehouse/Manufacturing | 5.0050% | 0.0181% | Actual/360 | 120 | 119 | 0 | 0 | 06/20/2018 | 08/06/2018 | 07/06/2028 | ||
Property | 6.01 | Buckeye Division | 1.2% | 1 | GACC | 8,900,000 | 8,900,000 | Industrial | Warehouse/Manufacturing | |||||||||||||
Property | 6.02 | All-Size Division | 0.9% | 1 | GACC | 6,600,000 | 6,600,000 | Industrial | Warehouse/Manufacturing | |||||||||||||
Property | 6.03 | Tennessee Division | 0.9% | 1 | GACC | 6,200,000 | 6,200,000 | Industrial | Warehouse/Manufacturing | |||||||||||||
Property | 6.04 | Kock Division | 0.6% | 1 | GACC | 4,510,000 | 4,510,000 | Industrial | Warehouse/Manufacturing | |||||||||||||
Property | 6.05 | Cra-Wal Division | 0.5% | 1 | GACC | 3,810,000 | 3,810,000 | Industrial | Warehouse/Manufacturing | |||||||||||||
Property | 6.06 | Dakota Division | 0.4% | 1 | GACC | 2,810,000 | 2,810,000 | Industrial | Warehouse/Manufacturing | |||||||||||||
Loan | 7 | Centennial I & II | 4.6% | 1 | SMF II | 32,700,000 | 32,700,000 | 32,700,000 | Office | Suburban | 5.0000% | 0.0181% | Actual/360 | 120 | 120 | 0 | 0 | 07/09/2018 | 09/06/2018 | 08/06/2028 | ||
Loan | 8 | NoLIta Multifamily Portfolio | 4.5% | 3 | CCRE | 32,000,000 | 32,000,000 | 32,000,000 | Multifamily | Mid-Rise | 5.2030% | 0.0381% | Actual/360 | 120 | 118 | 0 | 0 | 05/30/2018 | 07/01/2018 | 06/01/2028 | ||
Property | 8.01 | 26 Prince Street | 1.7% | 1 | CCRE | 12,000,000 | 12,000,000 | Multifamily | Mid-Rise | |||||||||||||
Property | 8.02 | 29 Prince Street | 1.5% | 1 | CCRE | 10,650,000 | 10,650,000 | Multifamily | Mid-Rise | |||||||||||||
Property | 8.03 | 137 Thompson Street | 1.3% | 1 | CCRE | 9,350,000 | 9,350,000 | Multifamily | Mid-Rise | |||||||||||||
Loan | 9 | Playa Largo(2) | 4.2% | 1 | SMF II | 30,000,000 | 30,000,000 | 26,051,863 | Hospitality | Full Service | 5.1440% | 0.0181% | Actual/360 | 120 | 118 | 360 | 360 | 05/17/2018 | 07/06/2018 | 06/06/2028 | ||
Loan | 10 | Alabama Hotel Portfolio | 4.0% | 2 | CREFI | 28,500,000 | 28,429,674 | 17,562,175 | Hospitality | Various | 4.4500% | 0.0181% | Actual/360 | 120 | 119 | 240 | 239 | 07/02/2018 | 08/06/2018 | 07/06/2028 | ||
Property | 10.01 | Embassy Suites - Birmingham | 2.8% | 1 | CREFI | 20,000,000 | 19,950,648 | Hospitality | Full Service | |||||||||||||
Property | 10.02 | Springhill Suites - Tuscaloosa | 1.2% | 1 | CREFI | 8,500,000 | 8,479,025 | Hospitality | Limited Service | |||||||||||||
Loan | 11 | Walmart Supercenter Teterboro | 3.5% | 1 | GACC | 25,300,000 | 25,300,000 | 25,300,000 | Other | Leased Fee | 4.5530% | 0.0181% | Actual/360 | 120 | 120 | 0 | 0 | 07/13/2018 | 09/06/2018 | 08/06/2028 | ||
Loan | 12 | Sully Station Shopping Center | 3.5% | 1 | CREFI | 25,000,000 | 25,000,000 | 22,884,081 | Retail | Anchored | 4.5100% | 0.0456% | Actual/360 | 120 | 120 | 360 | 360 | 07/16/2018 | 09/06/2018 | 08/06/2028 | ||
Loan | 13 | Bear Creek Apartments | 3.4% | 1 | CREFI | 24,375,000 | 24,375,000 | 22,544,864 | Multifamily | Garden | 5.1800% | 0.0456% | Actual/360 | 120 | 119 | 360 | 360 | 06/29/2018 | 08/06/2018 | 07/06/2028 | ||
Loan | 14 | Riverwalk(2)(21) | 2.8% | 1 | CCRE | 20,000,000 | 20,000,000 | 17,773,041 | Office | Suburban | 5.1760% | 0.0168% | Actual/360 | 120 | 118 | 360 | 360 | 06/05/2018 | 07/06/2018 | 06/06/2028 | ||
Loan | 15 | CityLine Ann Arbor & Clinton Portfolio | 2.2% | 2 | CREFI | 15,650,000 | 15,650,000 | 13,914,391 | Self Storage | Self Storage | 5.2000% | 0.0181% | Actual/360 | 120 | 120 | 360 | 360 | 07/11/2018 | 09/06/2018 | 08/06/2028 | ||
Property | 15.01 | Ann Arbor Self Storage | 1.4% | 1 | CREFI | 10,255,293 | 10,255,293 | Self Storage | Self Storage | |||||||||||||
Property | 15.02 | Clinton Self Storage | 0.8% | 1 | CREFI | 5,394,707 | 5,394,707 | Self Storage | Self Storage | |||||||||||||
Loan | 16 | Homestead TownePlace Suites | 2.0% | 1 | GACC | 14,000,000 | 14,000,000 | 12,404,348 | Hospitality | Extended Stay | 5.0370% | 0.0181% | Actual/360 | 120 | 119 | 360 | 360 | 06/27/2018 | 08/06/2018 | 07/06/2028 | ||
Loan | 17 | Interstate Plaza | 1.8% | 1 | CREFI | 13,218,750 | 13,218,750 | 11,100,675 | Retail | Anchored | 4.8100% | 0.0181% | Actual/360 | 120 | 119 | 360 | 360 | 07/06/2018 | 08/06/2018 | 07/06/2028 | ||
Loan | 18 | Edgewater Village Shopping Center(37) | 1.7% | 1 | SMF II | 12,500,000 | 12,500,000 | 10,766,211 | Retail | Anchored | 5.2840% | 0.0181% | Actual/360 | 120 | 119 | 360 | 360 | 06/21/2018 | 08/06/2018 | 07/06/2028 | ||
Loan | 19 | Fordham Green Apartments | 1.7% | 1 | CREFI | 12,500,000 | 12,500,000 | 11,494,940 | Multifamily | Garden | 4.8000% | 0.0181% | Actual/360 | 120 | 119 | 360 | 360 | 06/28/2018 | 08/06/2018 | 07/06/2028 | ||
Loan | 20 | CityLine Rochester & Lansing Portfolio | 1.7% | 2 | CREFI | 12,477,000 | 12,477,000 | 11,093,282 | Self Storage | Self Storage | 5.2000% | 0.0181% | Actual/360 | 120 | 120 | 360 | 360 | 07/11/2018 | 09/06/2018 | 08/06/2028 | ||
Property | 20.01 | Rochester Mini Storage | 1.1% | 1 | CREFI | 8,145,536 | 8,145,536 | Self Storage | Self Storage | |||||||||||||
Property | 20.02 | Lansing Self Storage | 0.6% | 1 | CREFI | 4,331,464 | 4,331,464 | Self Storage | Self Storage | |||||||||||||
Loan | 21 | Southpointe Square | 1.6% | 1 | CREFI | 11,570,000 | 11,570,000 | 10,639,716 | Multifamily | Garden | 4.8000% | 0.0181% | Actual/360 | 120 | 119 | 360 | 360 | 06/28/2018 | 08/06/2018 | 07/06/2028 | ||
Loan | 22 | Rohnert Park Center | 1.5% | 1 | GACC | 11,000,000 | 10,975,655 | 9,080,187 | Retail | Anchored | 5.1200% | 0.0181% | Actual/360 | 120 | 118 | 360 | 358 | 05/14/2018 | 07/06/2018 | 06/06/2028 | ||
Loan | 23 | 12-01 44th Avenue(37) | 1.5% | 1 | SMF II | 10,750,000 | 10,750,000 | 10,750,000 | Office | CBD | 5.1550% | 0.0181% | Actual/360 | 120 | 119 | 0 | 0 | 06/27/2018 | 08/06/2018 | 07/06/2028 | ||
Loan | 24 | Pangea 20(37) | 1.5% | 5 | SMF II | 10,700,000 | 10,700,000 | 10,700,000 | Multifamily | Various | 4.8070% | 0.0181% | Actual/360 | 120 | 119 | 0 | 0 | 06/29/2018 | 08/06/2018 | 07/06/2028 | ||
Property | 24.01 | 5501 West Washington Boulevard | 1.2% | 1 | SMF II | 8,326,959 | 8,326,959 | Multifamily | Mid-Rise | |||||||||||||
Property | 24.02 | 14110 South Atlantic Avenue | 0.1% | 1 | SMF II | 724,701 | 724,701 | Multifamily | Garden | |||||||||||||
Property | 24.03 | 1475 State Street | 0.1% | 1 | SMF II | 653,652 | 653,652 | Multifamily | Garden | |||||||||||||
Property | 24.04 | 4206 Lindenwood Drive | 0.1% | 1 | SMF II | 596,813 | 596,813 | Multifamily | Garden | |||||||||||||
Property | 24.05 | 8901 South Cottage Grove Avenue | 0.1% | 1 | SMF II | 397,875 | 397,875 | Multifamily | Garden | |||||||||||||
Loan | 25 | Palmhurst Village(37) | 1.4% | 1 | SMF II | 9,900,000 | 9,900,000 | 8,691,746 | Retail | Anchored | 5.5950% | 0.0181% | Actual/360 | 120 | 120 | 360 | 360 | 07/13/2018 | 09/06/2018 | 08/06/2028 | ||
Loan | 26 | Kinston Portfolio(36) | 1.4% | 2 | GACC | 9,775,500 | 9,742,469 | 8,397,167 | Hospitality | Limited Service | 5.7395% | 0.0181% | Actual/360 | 120 | 116 | 360 | 356 | 03/26/2018 | 05/06/2018 | 04/06/2028 | ||
Property | 26.01 | Hampton Inn – Kinston | 0.8% | 1 | GACC | 5,725,500 | 5,706,154 | Hospitality | Limited Service | |||||||||||||
Property | 26.02 | Holiday Inn Express & Suites – Kinston | 0.6% | 1 | GACC | 4,050,000 | 4,036,315 | Hospitality | Limited Service | |||||||||||||
Loan | 27 | Mac Phail Crossing | 1.3% | 1 | CREFI | 9,210,000 | 9,210,000 | 9,210,000 | Retail | Anchored | 4.6300% | 0.0181% | Actual/360 | 120 | 119 | 0 | 0 | 06/20/2018 | 08/06/2018 | 07/06/2028 | ||
Loan | 28 | Wisteria Village | 1.3% | 1 | GACC | 9,100,000 | 9,100,000 | 8,097,413 | Retail | Anchored | 5.2350% | 0.0181% | Actual/360 | 120 | 115 | 360 | 360 | 03/01/2018 | 04/06/2018 | 03/06/2028 | ||
Loan | 29 | Fredericksburg Place(36) | 1.2% | 1 | GACC | 8,300,000 | 8,300,000 | 7,383,620 | Multifamily | Garden | 5.4469% | 0.0181% | Actual/360 | 120 | 119 | 360 | 360 | 06/20/2018 | 08/06/2018 | 07/06/2028 | ||
Loan | 30 | Lockaway Storage - Schertz | 1.1% | 1 | SMF II | 8,150,000 | 8,150,000 | 7,238,142 | Self Storage | Self Storage | 5.1460% | 0.0181% | Actual/360 | 120 | 119 | 360 | 360 | 06/29/2018 | 08/06/2018 | 07/06/2028 | ||
Loan | 31 | 1503 Jefferson & 406 Cornelia | 1.1% | 1 | CCRE | 8,000,000 | 8,000,000 | 8,000,000 | Multifamily | Garden | 5.2700% | 0.0381% | Actual/360 | 120 | 119 | 0 | 0 | 06/27/2018 | 08/06/2018 | 07/06/2028 | ||
Loan | 32 | Hampton Inn Port Charlotte | 1.0% | 1 | GACC | 7,000,000 | 7,000,000 | 6,081,475 | Hospitality | Limited Service | 5.1600% | 0.0181% | Actual/360 | 120 | 119 | 360 | 360 | 06/13/2018 | 08/06/2018 | 07/06/2028 | ||
Loan | 33 | Cliffs of Macon | 1.0% | 1 | GACC | 6,900,000 | 6,893,042 | 5,714,473 | Multifamily | Garden | 5.2200% | 0.0181% | Actual/360 | 120 | 119 | 360 | 359 | 06/13/2018 | 08/06/2018 | 07/06/2028 | ||
Loan | 34 | Hampton Inn & Suites Tucson Mall | 0.8% | 1 | CCRE | 6,000,000 | 6,000,000 | 4,507,396 | Hospitality | Limited Service | 5.1270% | 0.0381% | Actual/360 | 120 | 120 | 300 | 300 | 07/12/2018 | 09/06/2018 | 08/06/2028 | ||
Loan | 35 | Wheeler SC-GA Portfolio | 0.8% | 4 | GACC | 5,740,000 | 5,734,868 | 5,348,406 | Retail | Anchored | 5.7070% | 0.0181% | Actual/360 | 60 | 59 | 360 | 359 | 06/28/2018 | 08/06/2018 | 07/06/2023 |
A-1-1
CD 2018-CD7
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | Mortgage | Cut-off | General | Detailed | Interest | Original | Remaining | Original | Remaining | First | ||||||||||||
Initial Pool | # of | Loan | Original | Date | Maturity | Property | Property | Interest | Administrative | Accrual | Term to | Term to | Amortization | Amortization | Origination | Payment | Maturity | |||||
Property Flag | ID | Property Name | Balance | Properties | Seller(1) | Balance($)(3) | Balance($)(4)(6) | or ARD Balance($)(6) | Type | Type | Rate | Fee Rate(5) | Basis | Maturity or ARD | Maturity or ARD | Term(6) | Term(6) | Date | Date | or ARD Date | ||
Property | 35.01 | LaGrange | 0.4% | 1 | GACC | 2,870,000 | 2,867,434 | Retail | Anchored | |||||||||||||
Property | 35.02 | Georgetown | 0.3% | 1 | GACC | 1,820,000 | 1,818,373 | Retail | Anchored | |||||||||||||
Property | 35.03 | Ridgeland Center | 0.1% | 1 | GACC | 1,050,000 | 1,049,061 | Retail | Single Tenant | |||||||||||||
Loan | 36 | Lakeville Townhomes | 0.8% | 1 | SMF II | 5,700,000 | 5,700,000 | 5,059,723 | Multifamily | Garden | 5.1250% | 0.0181% | Actual/360 | 120 | 120 | 360 | 360 | 07/16/2018 | 09/06/2018 | 08/06/2028 | ||
Loan | 37 | Maricopa Marketplace | 0.7% | 1 | SMF II | 5,030,000 | 5,030,000 | 5,030,000 | Retail | Unanchored | 4.9350% | 0.0181% | Actual/360 | 120 | 120 | 0 | 0 | 07/18/2018 | 09/06/2018 | 08/06/2028 | ||
Loan | 38 | Lockaway Storage - Airport | 0.7% | 1 | SMF II | 4,850,000 | 4,850,000 | 4,306,805 | Self Storage | Self Storage | 5.1400% | 0.0181% | Actual/360 | 120 | 119 | 360 | 360 | 07/05/2018 | 08/06/2018 | 07/06/2028 | ||
Loan | 39 | TownePlace Suites Tucson | 0.7% | 1 | CCRE | 4,700,000 | 4,700,000 | 3,530,793 | Hospitality | Extended Stay | 5.1270% | 0.0381% | Actual/360 | 120 | 120 | 300 | 300 | 07/12/2018 | 09/06/2018 | 08/06/2028 | ||
Loan | 40 | Fairfield Inn DFW Airport South Irving | 0.6% | 1 | CREFI | 4,500,000 | 4,500,000 | 2,761,075 | Hospitality | Limited Service | 4.3500% | 0.0181% | Actual/360 | 120 | 120 | 240 | 240 | 07/19/2018 | 09/06/2018 | 08/06/2028 | ||
Loan | 41 | Pointe Professional Center | 0.5% | 1 | SMF II | 3,600,000 | 3,596,256 | 2,969,101 | Office | Suburban | 5.0910% | 0.0181% | Actual/360 | 120 | 119 | 360 | 359 | 06/12/2018 | 08/06/2018 | 07/06/2028 | ||
Loan | 42 | Kris Kay MHC | 0.5% | 1 | SMF II | 3,560,000 | 3,560,000 | 3,091,786 | Manufactured Housing | Manufactured Housing | 5.1460% | 0.0656% | Actual/360 | 120 | 119 | 360 | 360 | 06/13/2018 | 08/06/2018 | 07/06/2028 |
A-1-2
CD 2018-CD7
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Pari Passu | Pari Passu | ||||||||||||||||
% of | Monthly | Annual | Companion Loan | Companion Loan | Remaining | Crossed | |||||||||||
Initial Pool | ARD Loan | Final | Debt | Debt | Monthly Debt | Annual Debt | Interest Only | Cash | With | Related | Underwritten | Underwritten | Grace | ||||
Property Flag | ID | Property Name | Balance | (Yes/No) | Maturity Date | Service($)(7) | Service($)(7) | Service($) | Service($) | Period | Lockbox(8) | Management(9) | Other Loans | Borrower | NOI DSCR(6)(7)(10) | NCF DSCR(6)(7)(10) | Period(12) |
Loan | 1 | Aventura Mall(2)(35) | 8.4% | No | 07/01/2028 | 208,924 | 2,507,094 | 4,689,310 | 56,271,719 | 119 | Hard; Master Lease Rents (Soft Springing Hard) | Springing | No | 2.63x | 2.58x | 0 | |
Loan | 2 | Bank of America Center(2)(36) | 7.0% | No | 07/01/2028 | 214,619 | 2,575,430 | 42,499 | 509,986 | 119 | Hard | In Place | No | 2.27x | 2.14x | 0 | |
Loan | 3 | Westside NYC Multifamily Portfolio(35) | 5.9% | No | 06/06/2028 | 138,438 | 1,661,257 | 118 | Soft | In Place | No | 3.60x | 3.60x | 0 | |||
Property | 3.01 | 320 West 49th Street | 0.5% | ||||||||||||||
Property | 3.02 | 324 West 49th Street | 0.5% | ||||||||||||||
Property | 3.03 | 340 West 49th Street | 0.5% | ||||||||||||||
Property | 3.04 | 326 West 49th Street | 0.5% | ||||||||||||||
Property | 3.05 | 338 West 49th Street | 0.5% | ||||||||||||||
Property | 3.06 | 332 West 49th Street | 0.5% | ||||||||||||||
Property | 3.07 | 318 West 49th Street | 0.4% | ||||||||||||||
Property | 3.08 | 322 West 49th Street | 0.4% | ||||||||||||||
Property | 3.09 | 330 West 49th Street | 0.4% | ||||||||||||||
Property | 3.1 | 334 West 49th Street | 0.4% | ||||||||||||||
Property | 3.11 | 328 West 49th Street | 0.4% | ||||||||||||||
Property | 3.12 | 336 West 49th Street | 0.3% | ||||||||||||||
Property | 3.13 | 308 West 49th Street | 0.3% | ||||||||||||||
Property | 3.14 | 310 West 49th Street | 0.3% | ||||||||||||||
Loan | 4 | 175 Park Avenue(2)(31) | 4.9% | No | 05/06/2028 | 157,263 | 1,887,151 | 224,661 | 2,695,931 | 117 | Hard | In Place | No | 1.65x | 1.60x | 0 | |
Loan | 5 | Zenith Ridge(2) | 4.9% | No | 08/06/2028 | 181,523 | 2,178,279 | 285,251 | 3,423,010 | 60 | Hard | Springing | No | 1.68x | 1.54x | 0 | |
Loan | 6 | Buckeye Corrugated | 4.6% | No | 07/06/2028 | 138,830 | 1,665,963 | 119 | Hard | In Place | No | 1.86x | 1.71x | 0 | |||
Property | 6.01 | Buckeye Division | 1.2% | ||||||||||||||
Property | 6.02 | All-Size Division | 0.9% | ||||||||||||||
Property | 6.03 | Tennessee Division | 0.9% | ||||||||||||||
Property | 6.04 | Kock Division | 0.6% | ||||||||||||||
Property | 6.05 | Cra-Wal Division | 0.5% | ||||||||||||||
Property | 6.06 | Dakota Division | 0.4% | ||||||||||||||
Loan | 7 | Centennial I & II | 4.6% | No | 08/06/2028 | 138,142 | 1,657,708 | 120 | Springing Hard | Springing | No | 2.34x | 2.14x | 0 | |||
Loan | 8 | NoLIta Multifamily Portfolio | 4.5% | No | 06/01/2028 | 140,674 | 1,688,084 | 118 | Springing Soft | Springing | No | 1.25x | 1.24x | 0 | |||
Property | 8.01 | 26 Prince Street | 1.7% | ||||||||||||||
Property | 8.02 | 29 Prince Street | 1.5% | ||||||||||||||
Property | 8.03 | 137 Thompson Street | 1.3% | ||||||||||||||
Loan | 9 | Playa Largo(2) | 4.2% | No | 06/06/2028 | 163,697 | 1,964,364 | 327,394 | 3,928,728 | 22 | Hard | Springing | No | Yes - Group 1 | 1.84x | 1.64x | 0 |
Loan | 10 | Alabama Hotel Portfolio | 4.0% | No | 07/06/2028 | 179,537 | 2,154,441 | Springing Hard | Springing | No | 2.27x | 2.02x | 0 | ||||
Property | 10.01 | Embassy Suites - Birmingham | 2.8% | ||||||||||||||
Property | 10.02 | Springhill Suites - Tuscaloosa | 1.2% | ||||||||||||||
Loan | 11 | Walmart Supercenter Teterboro | 3.5% | No | 08/06/2028 | 97,326 | 1,167,908 | 120 | Hard | Springing | No | 1.58x | 1.58x | 0 | |||
Loan | 12 | Sully Station Shopping Center | 3.5% | No | 08/06/2028 | 126,820 | 1,521,839 | 60 | Hard | Springing | No | 2.16x | 2.02x | 0 | |||
Loan | 13 | Bear Creek Apartments | 3.4% | No | 07/06/2028 | 133,545 | 1,602,537 | 59 | Springing Hard | Springing | No | 1.30x | 1.26x | 0 | |||
Loan | 14 | Riverwalk(2)(21) | 2.8% | No | 06/06/2028 | 109,526 | 1,314,310 | 332,411 | 3,988,933 | 34 | Springing Hard | Springing | No | 1.40x | 1.34x | 0 | |
Loan | 15 | CityLine Ann Arbor & Clinton Portfolio | 2.2% | No | 08/06/2028 | 85,936 | 1,031,230 | 36 | Springing Hard | Springing | No | Yes - Group 2 | 1.26x | 1.24x | 0 | ||
Property | 15.01 | Ann Arbor Self Storage | 1.4% | ||||||||||||||
Property | 15.02 | Clinton Self Storage | 0.8% | ||||||||||||||
Loan | 16 | Homestead TownePlace Suites | 2.0% | No | 07/06/2028 | 75,472 | 905,663 | 35 | Springing Hard | Springing | No | Yes - Group 1 | 2.24x | 2.04x | 0 | ||
Loan | 17 | Interstate Plaza | 1.8% | No | 07/06/2028 | 69,434 | 833,209 | 11 | Hard | Springing | No | 1.59x | 1.45x | 0 | |||
Loan | 18 | Edgewater Village Shopping Center(37) | 1.7% | No | 07/06/2028 | 69,289 | 831,467 | 17 | Springing Hard | Springing | No | 1.69x | 1.52x | 0 | |||
Loan | 19 | Fordham Green Apartments | 1.7% | No | 07/06/2028 | 65,583 | 786,998 | 59 | Springing Hard | Springing | No | Yes - Group 3 | 1.35x | 1.30x | 0 | ||
Loan | 20 | CityLine Rochester & Lansing Portfolio | 1.7% | No | 08/06/2028 | 68,513 | 822,151 | 36 | Springing Hard | Springing | No | Yes - Group 2 | 1.27x | 1.25x | 0 | ||
Property | 20.01 | Rochester Mini Storage | 1.1% | ||||||||||||||
Property | 20.02 | Lansing Self Storage | 0.6% | ||||||||||||||
Loan | 21 | Southpointe Square | 1.6% | No | 07/06/2028 | 60,704 | 728,445 | 59 | Springing Hard | Springing | No | Yes - Group 3 | 1.46x | 1.37x | 0 | ||
Loan | 22 | Rohnert Park Center | 1.5% | No | 06/06/2028 | 59,860 | 718,317 | Hard | Springing | No | 2.13x | 1.97x | 0 | ||||
Loan | 23 | 12-01 44th Avenue(37) | 1.5% | No | 07/06/2028 | 46,822 | 561,859 | 119 | Springing Hard | Springing | No | 1.47x | 1.43x | 0 | |||
Loan | 24 | Pangea 20(37) | 1.5% | No | 07/06/2028 | 43,458 | 521,493 | 119 | None | None | No | 2.47x | 2.36x | 0 | |||
Property | 24.01 | 5501 West Washington Boulevard | 1.2% | ||||||||||||||
Property | 24.02 | 14110 South Atlantic Avenue | 0.1% | ||||||||||||||
Property | 24.03 | 1475 State Street | 0.1% | ||||||||||||||
Property | 24.04 | 4206 Lindenwood Drive | 0.1% | ||||||||||||||
Property | 24.05 | 8901 South Cottage Grove Avenue | 0.1% | ||||||||||||||
Loan | 25 | Palmhurst Village(37) | 1.4% | No | 08/06/2028 | 56,803 | 681,631 | 24 | Springing Hard | Springing | No | 1.42x | 1.32x | 0 | |||
Loan | 26 | Kinston Portfolio(36) | 1.4% | No | 04/06/2028 | 55,776 | 669,307 | Hard | In Place | Yes | 2.96x | 2.56x | 0 | ||||
Property | 26.01 | Hampton Inn – Kinston | 0.8% | ||||||||||||||
Property | 26.02 | Holiday Inn Express & Suites – Kinston | 0.6% | ||||||||||||||
Loan | 27 | Mac Phail Crossing | 1.3% | No | 07/06/2028 | 36,029 | 432,346 | 119 | Springing Hard | Springing | No | 2.72x | 2.55x | 0 | |||
Loan | 28 | Wisteria Village | 1.3% | No | 03/06/2028 | 50,166 | 601,992 | 31 | Springing Hard | Springing | No | 1.59x | 1.38x | 0 | |||
Loan | 29 | Fredericksburg Place(36) | 1.2% | No | 07/06/2028 | 45,760 | 549,118 | 23 | Soft | Springing | No | 1.59x | 1.48x | 0 | |||
Loan | 30 | Lockaway Storage - Schertz | 1.1% | No | 07/06/2028 | 44,481 | 533,773 | 35 | Springing Hard | Springing | No | Yes - Group 4 | 1.35x | 1.34x | 0 | ||
Loan | 31 | 1503 Jefferson & 406 Cornelia | 1.1% | No | 07/06/2028 | 35,621 | 427,456 | 119 | Soft | Springing | No | 1.14x | 1.14x | 0 | |||
Loan | 32 | Hampton Inn Port Charlotte | 1.0% | No | 07/06/2028 | 38,265 | 459,180 | 23 | Springing Hard | Springing | No | 2.73x | 2.49x | 0 | |||
Loan | 33 | Cliffs of Macon | 1.0% | No | 07/06/2028 | 37,974 | 455,687 | Springing Soft | Springing | No | 1.62x | 1.56x | 0 | ||||
Loan | 34 | Hampton Inn & Suites Tucson Mall | 0.8% | No | 08/06/2028 | 35,521 | 426,249 | Hard | Springing | No | Yes - Group 5 | 2.26x | 1.94x | 0 | |||
Loan | 35 | Wheeler SC-GA Portfolio | 0.8% | No | 07/06/2023 | 33,340 | 400,085 | Hard | In Place | No | 1.69x | 1.47x | 0 |
A-1-3
CD 2018-CD7
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Pari Passu | Pari Passu | ||||||||||||||||
% of | Monthly | Annual | Companion Loan | Companion Loan | Remaining | Crossed | |||||||||||
Initial Pool | ARD Loan | Final | Debt | Debt | Monthly Debt | Annual Debt | Interest Only | Cash | With | Related | Underwritten | Underwritten | Grace | ||||
Property Flag | ID | Property Name | Balance | (Yes/No) | Maturity Date | Service($)(7) | Service($)(7) | Service($) | Service($) | Period | Lockbox(8) | Management(9) | Other Loans | Borrower | NOI DSCR(6)(7)(10) | NCF DSCR(6)(7)(10) | Period(12) |
Property | 35.01 | LaGrange | 0.4% | ||||||||||||||
Property | 35.02 | Georgetown | 0.3% | ||||||||||||||
Property | 35.03 | Ridgeland Center | 0.1% | ||||||||||||||
Loan | 36 | Lakeville Townhomes | 0.8% | No | 08/06/2028 | 31,036 | 372,429 | 36 | Springing Hard | Springing | No | 1.76x | 1.58x | 0 | |||
Loan | 37 | Maricopa Marketplace | 0.7% | No | 08/06/2028 | 20,973 | 251,678 | 120 | Springing Hard | Springing | No | 2.68x | 2.46x | 0 | |||
Loan | 38 | Lockaway Storage - Airport | 0.7% | No | 07/06/2028 | 26,452 | 317,429 | 35 | Springing Hard | Springing | No | Yes - Group 4 | 1.46x | 1.43x | 0 | ||
Loan | 39 | TownePlace Suites Tucson | 0.7% | No | 08/06/2028 | 27,825 | 333,895 | Hard | Springing | No | Yes - Group 5 | 2.08x | 1.80x | 0 | |||
Loan | 40 | Fairfield Inn DFW Airport South Irving | 0.6% | No | 08/06/2028 | 28,106 | 337,274 | Springing Hard | Springing | No | 3.43x | 3.02x | 0 | ||||
Loan | 41 | Pointe Professional Center | 0.5% | No | 07/06/2028 | 19,526 | 234,315 | Springing Hard | Springing | No | 2.38x | 2.03x | 0 | ||||
Loan | 42 | Kris Kay MHC | 0.5% | No | 07/06/2028 | 19,430 | 233,157 | 23 | None | None | No | 1.39x | 1.35x | 0 |
A-1-4
CD 2018-CD7
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | FIRREA | Cut-Off | Rentable Area | ||||||||||||||
Initial Pool | Payment | Appraised | Appraisal | Compliant | Date LTV | LTV Ratio at | Year | Year | (SF/Units | ||||||||
Property Flag | ID | Property Name | Balance | Date | Value ($)(13) | As-of Date | (Yes/No) | Ratio(7)(10)(11)(14) | Maturity or ARD(7)(10)(14) | Address | City | County | State | Zip Code | Built | Renovated | Rooms/Pads) |
Loan | 1 | Aventura Mall(2)(35) | 8.4% | 1 | 3,450,000,000 | 04/16/2018 | Yes | 40.8% | 40.8% | 19501 Biscayne Boulevard | Aventura | Miami-Dade | FL | 33180 | 1983 | 1997, 1998, 2006 - 2008, 2017 | 1,217,508 |
Loan | 2 | Bank of America Center(2)(36) | 7.0% | 1 | 112,200,000 | 05/17/2018 | Yes | 53.9% | 53.9% | 1111 East Main Street | Richmond | Richmond City | VA | 23219 | 1974 | 2017 | 501,384 |
Loan | 3 | Westside NYC Multifamily Portfolio(35) | 5.9% | 6 | 164,500,000 | 03/12/2018 | Yes | 25.5% | 25.5% | Various | New York | New York | NY | 10019 | 1920 | 2016 | 272 |
Property | 3.01 | 320 West 49th Street | 0.5% | 13,600,000 | 03/12/2018 | Yes | 320 West 49th Street | New York | New York | NY | 10019 | 1920 | 2016 | 20 | |||
Property | 3.02 | 324 West 49th Street | 0.5% | 14,100,000 | 03/12/2018 | Yes | 324 West 49th Street | New York | New York | NY | 10019 | 1920 | 2016 | 18 | |||
Property | 3.03 | 340 West 49th Street | 0.5% | 13,800,000 | 03/12/2018 | Yes | 340 West 49th Street | New York | New York | NY | 10019 | 1920 | 2016 | 17 | |||
Property | 3.04 | 326 West 49th Street | 0.5% | 13,800,000 | 03/12/2018 | Yes | 326 West 49th Street | New York | New York | NY | 10019 | 1920 | 2016 | 20 | |||
Property | 3.05 | 338 West 49th Street | 0.5% | 13,000,000 | 03/12/2018 | Yes | 338 West 49th Street | New York | New York | NY | 10019 | 1920 | 2016 | 20 | |||
Property | 3.06 | 332 West 49th Street | 0.5% | 12,400,000 | 03/12/2018 | Yes | 332 West 49th Street | New York | New York | NY | 10019 | 1920 | 2016 | 20 | |||
Property | 3.07 | 318 West 49th Street | 0.4% | 11,800,000 | 03/12/2018 | Yes | 318 West 49th Street | New York | New York | NY | 10019 | 1920 | 2016 | 20 | |||
Property | 3.08 | 322 West 49th Street | 0.4% | 12,900,000 | 03/12/2018 | Yes | 322 West 49th Street | New York | New York | NY | 10019 | 1920 | 2016 | 17 | |||
Property | 3.09 | 330 West 49th Street | 0.4% | 10,700,000 | 03/12/2018 | Yes | 330 West 49th Street | New York | New York | NY | 10019 | 1920 | 2016 | 20 | |||
Property | 3.1 | 334 West 49th Street | 0.4% | 10,900,000 | 03/12/2018 | Yes | 334 West 49th Street | New York | New York | NY | 10019 | 1920 | 2016 | 20 | |||
Property | 3.11 | 328 West 49th Street | 0.4% | 10,400,000 | 03/12/2018 | Yes | 328 West 49th Street | New York | New York | NY | 10019 | 1920 | 2016 | 20 | |||
Property | 3.12 | 336 West 49th Street | 0.3% | 9,900,000 | 03/12/2018 | Yes | 336 West 49th Street | New York | New York | NY | 10019 | 1920 | 2016 | 20 | |||
Property | 3.13 | 308 West 49th Street | 0.3% | 8,400,000 | 03/12/2018 | Yes | 308 West 49th Street | New York | New York | NY | 10019 | 1920 | 2016 | 20 | |||
Property | 3.14 | 310 West 49th Street | 0.3% | 8,800,000 | 03/12/2018 | Yes | 310 West 49th Street | New York | New York | NY | 10019 | 1920 | 2016 | 20 | |||
Loan | 4 | 175 Park Avenue(2)(31) | 4.9% | 6 | 135,000,000 | 04/05/2018 | Yes | 63.0% | 63.0% | 175 Park Avenue | Madison | Morris | NJ | 07940 | 1971 | 2013 | 270,000 |
Loan | 5 | Zenith Ridge(2) | 4.9% | 6 | 133,100,000 | 06/25/2018 | Yes | 67.6% | 62.1% | 2200, 2400 and 2600 Ansys Drive | Canonsburg | Washington | PA | 15317 | 2014, 2015, 2016 | NAP | 486,000 |
Loan | 6 | Buckeye Corrugated | 4.6% | 6 | 52,100,000 | 06/15/2018 | Yes | 63.0% | 63.0% | Various | Various | Various | Various | Various | Various | Various | 826,283 |
Property | 6.01 | Buckeye Division | 1.2% | 14,790,000 | 05/14/2018 | Yes | 3350 Long Road | Wooster | Wayne | OH | 44691 | 1997 | NAP | 223,592 | |||
Property | 6.02 | All-Size Division | 0.9% | 10,300,000 | 05/21/2018 | Yes | 3950 Continental Drive | West Hempfield Township | Lancaster | PA | 17512 | 2013 | NAP | 166,970 | |||
Property | 6.03 | Tennessee Division | 0.9% | 9,600,000 | 05/21/2018 | Yes | 1500 Elizabeth Lee Parkway | Loudon | Loudon | TN | 37774 | 2012 | NAP | 155,721 | |||
Property | 6.04 | Kock Division | 0.6% | 7,000,000 | 05/14/2018 | Yes | 797 Old Dutch Road | Victor | Ontario | NY | 14564 | 1988 | 1997 | 114,000 | |||
Property | 6.05 | Cra-Wal Division | 0.5% | 5,900,000 | 05/14/2018 | Yes | 4001 South High School Road | Indianapolis | Marion | IN | 46241 | 1971 | NAP | 96,000 | |||
Property | 6.06 | Dakota Division | 0.4% | 4,300,000 | 05/24/2018 | Yes | 4501 2nd Avenue North | Sioux Falls | Minnehaha | SD | 57104 | 1985 | 1998 | 70,000 | |||
Loan | 7 | Centennial I & II | 4.6% | 6 | 53,870,000 | 05/03/2018 | Yes | 60.7% | 60.7% | 1949 and 2121 South State Street | Tacoma | Pierce | WA | 98405 | 1986 | NAP | 235,661 |
Loan | 8 | NoLIta Multifamily Portfolio | 4.5% | 1 | 61,400,000 | 04/11/2018 | Yes | 52.1% | 52.1% | Various | New York | New York | NY | 10012 | Various | 2018 | 37 |
Property | 8.01 | 26 Prince Street | 1.7% | 22,000,000 | 04/11/2018 | Yes | 26 Prince Street | New York | New York | NY | 10012 | 1910 | 2018 | 16 | |||
Property | 8.02 | 29 Prince Street | 1.5% | 21,400,000 | 04/11/2018 | Yes | 29 Prince Street | New York | New York | NY | 10012 | 2002 | 2018 | 5 | |||
Property | 8.03 | 137 Thompson Street | 1.3% | 18,000,000 | 04/11/2018 | Yes | 137 Thompson Street | New York | New York | NY | 10012 | 1910 | 2018 | 16 | |||
Loan | 9 | Playa Largo(2) | 4.2% | 6 | 188,600,000 | 03/28/2018 | Yes | 47.7% | 41.4% | 97450 Overseas Highway | Key Largo | Monroe | FL | 33037 | 2016 | NAP | 178 |
Loan | 10 | Alabama Hotel Portfolio | 4.0% | 6 | 54,000,000 | 06/05/2018 | Yes | 52.6% | 32.5% | Various | Various | Various | AL | Various | Various | NAP | 304 |
Property | 10.01 | Embassy Suites - Birmingham | 2.8% | 36,500,000 | 06/05/2018 | Yes | 2960 John Hawkins Parkway | Birmingham | Jefferson | AL | 35244 | 2010 | NAP | 208 | |||
Property | 10.02 | Springhill Suites - Tuscaloosa | 1.2% | 17,500,000 | 06/05/2018 | Yes | 4020 Greensboro Avenue | Tuscaloosa | Tuscaloosa | AL | 35405 | 2015 | NAP | 96 | |||
Loan | 11 | Walmart Supercenter Teterboro | 3.5% | 6 | 37,500,000 | 05/01/2018 | Yes | 67.5% | 67.5% | 1 Teterboro Drive | Teterboro | Bergen | NJ | 07608 | NAP | NAP | 628,135 |
Loan | 12 | Sully Station Shopping Center | 3.5% | 6 | 49,800,000 | 12/01/2018 | Yes | 50.2% | 46.0% | 5077-5111 Westfields Boulevard | Centreville | Fairfax | VA | 20120 | 1988 | NAP | 153,703 |
Loan | 13 | Bear Creek Apartments | 3.4% | 6 | 34,200,000 | 06/01/2019 | Yes | 71.3% | 65.9% | 1600 Bear Creek Lane | Petoskey | Emmet | MI | 49770 | 2005 | 2018 | 240 |
Loan | 14 | Riverwalk(2)(21) | 2.8% | 6 | 117,000,000 | 04/23/2018 | Yes | 69.0% | 61.3% | 354, 360, 500, and 500A Merrimack Street | Lawrence | Essex | MA | 01843 | 1901, 2007 | NAP | 630,379 |
Loan | 15 | CityLine Ann Arbor & Clinton Portfolio | 2.2% | 6 | 22,300,000 | 05/03/2018 | Yes | 70.2% | 62.4% | Various | Various | Various | MI | Various | Various | NAP | 176,991 |
Property | 15.01 | Ann Arbor Self Storage | 1.4% | 14,200,000 | 05/03/2018 | Yes | 4750 South State Road | Ann Arbor | Washtenaw | MI | 48108 | 2004 | NAP | 113,881 | |||
Property | 15.02 | Clinton Self Storage | 0.8% | 8,100,000 | 05/03/2018 | Yes | 33985 Harper Avenue | Clinton | Macomb | MI | 48035 | 2003 | NAP | 63,110 | |||
Loan | 16 | Homestead TownePlace Suites | 2.0% | 6 | 21,000,000 | 05/01/2018 | Yes | 66.7% | 59.1% | 935 Northeast 30th Terrace | Homestead | Miami-Dade | FL | 33033 | 2016 | NAP | 115 |
Loan | 17 | Interstate Plaza | 1.8% | 6 | 18,200,000 | 12/18/2018 | Yes | 72.6% | 61.0% | 1671 1H-35 South | New Braunfels | Comal | TX | 78130 | 2008, 2013 | NAP | 102,619 |
Loan | 18 | Edgewater Village Shopping Center(37) | 1.7% | 6 | 19,500,000 | 05/17/2018 | Yes | 64.1% | 55.2% | 2650 Beach Boulevard | Biloxi | Harrison | MS | 39531 | 1983 | 2006 | 137,185 |
Loan | 19 | Fordham Green Apartments | 1.7% | 6 | 18,350,000 | 05/24/2018 | Yes | 68.1% | 62.6% | 5600 Fordham Circle | Canton Township | Wayne | MI | 48187 | 1974 | NAP | 146 |
Loan | 20 | CityLine Rochester & Lansing Portfolio | 1.7% | 6 | 17,620,000 | Various | Yes | 70.8% | 63.0% | Various | Various | Various | MI | Various | Various | NAP | 189,359 |
Property | 20.01 | Rochester Mini Storage | 1.1% | 10,550,000 | 05/02/2018 | Yes | 1790 South Livernois Road | Rochester Hills | Oakland | MI | 48307 | 1992 | NAP | 94,115 | |||
Property | 20.02 | Lansing Self Storage | 0.6% | 7,070,000 | 05/03/2018 | Yes | 708 East Grand River | Lansing | Ingham | MI | 48906 | 2006 | NAP | 95,244 | |||
Loan | 21 | Southpointe Square | 1.6% | 6 | 16,770,000 | 07/14/2018 | Yes | 69.0% | 63.4% | 22520 West Road | Woodhaven | Wayne | MI | 48183 | 1971 | 2018 | 224 |
Loan | 22 | Rohnert Park Center | 1.5% | 6 | 22,400,000 | 03/08/2018 | Yes | 49.0% | 40.5% | 555 Rohnert Park Expressway | Rohnert Park | Sonoma | CA | 94928 | 1991, 2005 | NAP | 137,184 |
Loan | 23 | 12-01 44th Avenue(37) | 1.5% | 6 | 23,000,000 | 06/27/2018 | Yes | 46.7% | 46.7% | 12-01 44th Avenue | Long Island City | Queens | NY | 11101 | 1950 | 2018 | 22,000 |
Loan | 24 | Pangea 20(37) | 1.5% | 6 | 18,825,000 | 06/12/2018 | Yes | 56.8% | 56.8% | Various | Various | Cook | IL | Various | Various | Various | 227 |
Property | 24.01 | 5501 West Washington Boulevard | 1.2% | 14,650,000 | 06/12/2018 | Yes | 5501 West Washington Boulevard | Chicago | Cook | IL | 60644 | 1929 | 2017-2018 | 172 | |||
Property | 24.02 | 14110 South Atlantic Avenue | 0.1% | 1,275,000 | 06/12/2018 | Yes | 14110 South Atlantic Avenue | Riverdale | Cook | IL | 60827 | 1960 | 2016-2018 | 18 | |||
Property | 24.03 | 1475 State Street | 0.1% | 1,150,000 | 06/12/2018 | Yes | 1475 State Street | Calumet City | Cook | IL | 60409 | 1960 | 2016-2018 | 15 | |||
Property | 24.04 | 4206 Lindenwood Drive | 0.1% | 1,050,000 | 06/12/2018 | Yes | 4206 Lindenwood Drive | Matteson | Cook | IL | 60443 | 1957 | 2016-2018 | 12 | |||
Property | 24.05 | 8901 South Cottage Grove Avenue | 0.1% | 700,000 | 06/12/2018 | Yes | 8901 South Cottage Grove Avenue | Chicago | Cook | IL | 60619 | 1957 | 2016-2018 | 10 | |||
Loan | 25 | Palmhurst Village(37) | 1.4% | 6 | 15,900,000 | 07/02/2018 | Yes | 62.3% | 54.7% | 228 East Mile 3 Road | Palmhurst | Hidalgo | TX | 78573 | 2014 | NAP | 89,316 |
Loan | 26 | Kinston Portfolio(36) | 1.4% | 6 | 14,800,000 | 02/01/2019 | Yes | 65.8% | 56.7% | Various | Kinston | Lenoir | NC | 28504 | Various | Various | 196 |
Property | 26.01 | Hampton Inn – Kinston | 0.8% | 8,800,000 | 02/01/2019 | Yes | 1382 Highway 258 South | Kinston | Lenoir | NC | 28504 | 1986 | 1996, 2012 | 122 | |||
Property | 26.02 | Holiday Inn Express & Suites – Kinston | 0.6% | 6,000,000 | 02/01/2019 | Yes | 1156 Hill Farm Road | Kinston | Lenoir | NC | 28504 | 2000 | 2015 | 74 | |||
Loan | 27 | Mac Phail Crossing | 1.3% | 6 | 17,900,000 | 04/20/2018 | Yes | 51.5% | 51.5% | 550 West MacPhail Road | Bel Air | Harford | MD | 21014 | 1998 | NAP | 102,992 |
Loan | 28 | Wisteria Village | 1.3% | 6 | 13,800,000 | 02/07/2018 | Yes | 65.9% | 58.7% | 2420 Wisteria Drive Southwest | Snellville | Gwinnett | GA | 30078 | 1985 | 2015 | 171,846 |
Loan | 29 | Fredericksburg Place(36) | 1.2% | 6 | 13,550,000 | 04/27/2018 | Yes | 61.3% | 54.5% | 3435 Fredericksburg Road | San Antonio | Bexar | TX | 78201 | 1983 | 2015 | 224 |
Loan | 30 | Lockaway Storage - Schertz | 1.1% | 6 | 12,120,000 | 06/07/2018 | Yes | 67.2% | 59.7% | 200 Roy Richard Drive | Schertz | Guadalupe | TX | 78154 | 1995 | NAP | 70,300 |
Loan | 31 | 1503 Jefferson & 406 Cornelia | 1.1% | 6 | 10,600,000 | 05/04/2018 | Yes | 66.0% | 75.5% | 1503 Jefferson Avenue | Brooklyn | Kings | NY | 11237 | 2018 | NAP | 19 |
Loan | 32 | Hampton Inn Port Charlotte | 1.0% | 6 | 11,000,000 | 04/25/2018 | Yes | 63.6% | 55.3% | 24480 Sandhill Boulevard | Port Charlotte | Charlotte | FL | 33983 | 1997 | 2017 | 71 |
Loan | 33 | Cliffs of Macon | 1.0% | 6 | 9,400,000 | 01/31/2018 | Yes | 73.3% | 60.8% | 1895 Clinton Road | Macon | Bibb | GA | 31211 | 1970 | 2008 | 142 |
Loan | 34 | Hampton Inn & Suites Tucson Mall | 0.8% | 6 | 11,500,000 | 05/14/2018 | Yes | 52.2% | 39.2% | 5950 North Oracle Road | Tucson | Pima | AZ | 85704 | 1998 | 2014 | 109 |
Loan | 35 | Wheeler SC-GA Portfolio | 0.8% | 6 | 8,200,000 | Various | Yes | 69.9% | 65.2% | Various | Various | Various | Various | Various | Various | Various | 126,195 |
A-1-5
CD 2018-CD7
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | FIRREA | Cut-Off | Rentable Area | ||||||||||||||
Initial Pool | Payment | Appraised | Appraisal | Compliant | Date LTV | LTV Ratio at | Year | Year | (SF/Units | ||||||||
Property Flag | ID | Property Name | Balance | Date | Value ($)(13) | As-of Date | (Yes/No) | Ratio(7)(10)(11)(14) | Maturity or ARD(7)(10)(14) | Address | City | County | State | Zip Code | Built | Renovated | Rooms/Pads) |
Property | 35.01 | LaGrange | 0.4% | 4,100,000 | 05/21/2018 | Yes | 900 Hogansville Road | LaGrange | Troup | GA | 30241 | 1989 | NAP | 76,594 | |||
Property | 35.02 | Georgetown | 0.3% | 2,600,000 | 05/13/2018 | Yes | 1620 Highmarket Street | Georgetown | Georgetown | SC | 29440 | 1973 | 2003 | 29,572 | |||
Property | 35.03 | Ridgeland Center | 0.1% | 1,500,000 | 05/13/2018 | Yes | 113 / 10847 North Jacob Smart Boulevard | Ridgeland | Jasper | SC | 29936 | 1970 | 2003 | 20,029 | |||
Loan | 36 | Lakeville Townhomes | 0.8% | 6 | 8,910,000 | 06/11/2018 | Yes | 64.0% | 56.8% | 1103 Dudley Drive | Shreveport | Caddo Parish | LA | 71104 | 1949 | NAP | 228 |
Loan | 37 | Maricopa Marketplace | 0.7% | 6 | 10,050,000 | 06/15/2018 | Yes | 50.0% | 50.0% | 20917-21141 North John Wayne Parkway | Maricopa | Pinal | AZ | 85139 | 2005 | NAP | 38,877 |
Loan | 38 | Lockaway Storage - Airport | 0.7% | 6 | 8,000,000 | 06/04/2018 | Yes | 60.6% | 53.8% | 907 North Coker Loop | San Antonio | Bexar | TX | 78216 | 1978 | NAP | 87,630 |
Loan | 39 | TownePlace Suites Tucson | 0.7% | 6 | 8,500,000 | 05/14/2018 | Yes | 55.3% | 41.5% | 405 West Rudasill Road | Tucson | Pima | AZ | 85704 | 2001 | 2017 | 76 |
Loan | 40 | Fairfield Inn DFW Airport South Irving | 0.6% | 6 | 14,100,000 | 06/07/2018 | Yes | 31.9% | 19.6% | 4210 West Airport Freeway | Irving | Dallas | TX | 75062 | 1983 | NAP | 120 |
Loan | 41 | Pointe Professional Center | 0.5% | 6 | 6,450,000 | 05/10/2018 | Yes | 55.8% | 46.0% | 18223-18325 East 10 Mile Road | Roseville | Macomb | MI | 48066 | 1986, 1988, 1996 | NAP | 62,613 |
Loan | 42 | Kris Kay MHC | 0.5% | 6 | 4,950,000 | 05/03/2018 | Yes | 71.9% | 62.5% | 1800 South Graham Road | Thomas Township | Saginaw | MI | 48609 | 1972 | NAP | 288 |
A-1-6
CD 2018-CD7
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan per Net | ||||||||||||||||||
% of | Units | Rentable Area | Second Most | Second | Second | Second | Third Most | Third | Third | |||||||||
Initial Pool | of | (SF/Units/ | Prepayment Provisions | Most Recent Operating | Most Recent | Most Recent | Most Recent | Recent Operating | Most Recent | Most Recent | Most Recent | Recent Operating | Most Recent | Most Recent | ||||
Property Flag | ID | Property Name | Balance | Measure | Rooms/Pads) ($)(4)(15) | (# of payments)(16)(17)(18) | Statements Date | EGI ($) | Expenses($) | NOI($)(11) | Statements Date | EGI($) | Expenses($) | NOI($) | Statements Date | EGI($) | Expenses($) | |
Loan | 1 | Aventura Mall(2)(35) | 8.4% | Sq. Ft. | 1,155 | L(25), D(88), O(7) | 03/31/2018 | 149,776,330 | 31,484,933 | 118,291,397 | 12/31/2017 | 145,286,882 | 30,046,320 | 115,240,562 | 12/31/2016 | 139,956,585 | 29,303,182 | |
Loan | 2 | Bank of America Center(2)(36) | 7.0% | Sq. Ft. | 121 | L(25), D(91), O(4) | 04/30/2018 | 7,656,935 | 3,679,228 | 3,977,706 | 12/31/2017 | 7,554,630 | 3,605,981 | 3,948,648 | 12/31/2016 | 6,752,259 | 3,329,786 | |
Loan | 3 | Westside NYC Multifamily Portfolio(35) | 5.9% | Units | 154,412 | L(26), D(90), O(4) | 03/31/2018 | 7,096,353 | 1,914,782 | 5,181,571 | 12/31/2017 | 6,863,531 | 1,884,384 | 4,979,147 | ||||
Property | 3.01 | 320 West 49th Street | 0.5% | Units | 188,042 | 03/31/2018 | 589,524 | 98,550 | 490,974 | 12/31/2017 | 534,473 | 93,502 | 440,971 | |||||
Property | 3.02 | 324 West 49th Street | 0.5% | Units | 205,970 | 03/31/2018 | 569,087 | 111,664 | 457,423 | 12/31/2017 | 519,215 | 107,419 | 411,796 | |||||
Property | 3.03 | 340 West 49th Street | 0.5% | Units | 215,969 | 03/31/2018 | 527,273 | 116,237 | 411,036 | 12/31/2017 | 527,666 | 113,356 | 414,310 | |||||
Property | 3.04 | 326 West 49th Street | 0.5% | Units | 176,015 | 03/31/2018 | 555,419 | 97,931 | 457,489 | 12/31/2017 | 537,811 | 95,683 | 442,128 | |||||
Property | 3.05 | 338 West 49th Street | 0.5% | Units | 172,273 | 03/31/2018 | 486,296 | 182,513 | 303,783 | 12/31/2017 | 480,811 | 180,569 | 300,242 | |||||
Property | 3.06 | 332 West 49th Street | 0.5% | Units | 164,644 | 03/31/2018 | 467,994 | 82,636 | 385,358 | 12/31/2017 | 486,306 | 81,429 | 404,877 | |||||
Property | 3.07 | 318 West 49th Street | 0.4% | Units | 159,075 | 03/31/2018 | 500,468 | 99,203 | 401,265 | 12/31/2017 | 465,493 | 94,023 | 371,470 | |||||
Property | 3.08 | 322 West 49th Street | 0.4% | Units | 181,380 | 03/31/2018 | 547,327 | 162,674 | 384,653 | 12/31/2017 | 517,336 | 162,585 | 354,751 | |||||
Property | 3.09 | 330 West 49th Street | 0.4% | Units | 146,988 | 03/31/2018 | 444,822 | 77,136 | 367,686 | 12/31/2017 | 457,546 | 74,603 | 382,943 | |||||
Property | 3.1 | 334 West 49th Street | 0.4% | Units | 127,505 | 03/31/2018 | 486,864 | 185,254 | 301,610 | 12/31/2017 | 478,844 | 185,131 | 293,713 | |||||
Property | 3.11 | 328 West 49th Street | 0.4% | Units | 125,739 | 03/31/2018 | 467,105 | 123,014 | 344,091 | 12/31/2017 | 474,484 | 124,384 | 350,100 | |||||
Property | 3.12 | 336 West 49th Street | 0.3% | Units | 113,522 | 03/31/2018 | 496,473 | 201,977 | 294,497 | 12/31/2017 | 468,682 | 200,926 | 267,756 | |||||
Property | 3.13 | 308 West 49th Street | 0.3% | Units | 102,617 | 03/31/2018 | 478,799 | 173,965 | 304,834 | 12/31/2017 | 461,047 | 175,601 | 285,446 | |||||
Property | 3.14 | 310 West 49th Street | 0.3% | Units | 100,459 | 03/31/2018 | 478,902 | 202,030 | 276,872 | 12/31/2017 | 453,817 | 195,174 | 258,643 | |||||
Loan | 4 | 175 Park Avenue(2)(31) | 4.9% | Sq. Ft. | 315 | L(27), D(89), O(4) | 02/28/2018 | 9,646,590 | 1,533,245 | 8,113,345 | 12/31/2017 | 9,622,727 | 1,654,788 | 7,967,939 | 12/31/2016 | 9,571,205 | 1,645,281 | |
Loan | 5 | Zenith Ridge(2) | 4.9% | Sq. Ft. | 185 | L(24), D(92), O(4) | 05/31/2018 | 11,411,164 | 2,034,119 | 9,377,045 | 12/31/2017 | 10,793,818 | 1,959,830 | 8,833,988 | 12/31/2016 | 9,275,299 | 1,618,191 | |
Loan | 6 | Buckeye Corrugated | 4.6% | Sq. Ft. | 40 | L(25), D(90), O(5) | ||||||||||||
Property | 6.01 | Buckeye Division | 1.2% | Sq. Ft. | 40 | |||||||||||||
Property | 6.02 | All-Size Division | 0.9% | Sq. Ft. | 40 | |||||||||||||
Property | 6.03 | Tennessee Division | 0.9% | Sq. Ft. | 40 | |||||||||||||
Property | 6.04 | Kock Division | 0.6% | Sq. Ft. | 40 | |||||||||||||
Property | 6.05 | Cra-Wal Division | 0.5% | Sq. Ft. | 40 | |||||||||||||
Property | 6.06 | Dakota Division | 0.4% | Sq. Ft. | 40 | |||||||||||||
Loan | 7 | Centennial I & II | 4.6% | Sq. Ft. | 139 | L(24), D(91), O(5) | 03/31/2018 | 3,555,364 | 952,211 | 2,603,153 | 12/31/2017 | 3,532,076 | 945,357 | 2,586,719 | 12/31/2016 | 3,517,570 | 916,588 | |
Loan | 8 | NoLIta Multifamily Portfolio | 4.5% | Units | 864,865 | L(26), D(89), O(5) | ||||||||||||
Property | 8.01 | 26 Prince Street | 1.7% | Units | 750,000 | |||||||||||||
Property | 8.02 | 29 Prince Street | 1.5% | Units | 2,130,000 | |||||||||||||
Property | 8.03 | 137 Thompson Street | 1.3% | Units | 584,375 | |||||||||||||
Loan | 9 | Playa Largo(2) | 4.2% | Rooms | 505,618 | L(26), D(90), O(4) | 04/30/2018 | 29,652,427 | 18,917,973 | 10,734,454 | 12/31/2017 | 27,098,534 | 17,912,842 | 9,185,692 | ||||
Loan | 10 | Alabama Hotel Portfolio | 4.0% | Rooms | 93,519 | L(25), D(91), O(4) | 05/31/2018 | 13,535,824 | 8,619,640 | 4,916,184 | 12/31/2017 | 12,935,282 | 8,427,788 | 4,507,494 | 12/31/2016 | 11,804,856 | 7,681,068 | |
Property | 10.01 | Embassy Suites - Birmingham | 2.8% | Rooms | 95,917 | 05/31/2018 | 9,969,894 | 6,755,661 | 3,214,233 | 12/31/2017 | 9,633,157 | 6,618,914 | 3,014,243 | 12/31/2016 | 8,922,111 | 6,206,263 | ||
Property | 10.02 | Springhill Suites - Tuscaloosa | 1.2% | Rooms | 88,323 | 05/31/2018 | 3,565,930 | 1,863,979 | 1,701,951 | 12/31/2017 | 3,302,125 | 1,808,874 | 1,493,251 | 12/31/2016 | 2,882,745 | 1,474,805 | ||
Loan | 11 | Walmart Supercenter Teterboro | 3.5% | Sq. Ft. | 40 | L(24), D(91), O(5) | ||||||||||||
Loan | 12 | Sully Station Shopping Center | 3.5% | Sq. Ft. | 163 | L(24), D(92), O(4) | 04/30/2018 | 4,147,852 | 882,387 | 3,265,465 | 12/31/2017 | 3,886,425 | 822,844 | 3,063,581 | 12/31/2016 | 3,381,744 | 840,908 | |
Loan | 13 | Bear Creek Apartments | 3.4% | Units | 101,563 | L(25), D(92), O(3) | 05/31/2018 | 2,989,421 | 786,560 | 2,202,860 | 12/31/2017 | 2,919,070 | 752,361 | 2,166,708 | 12/31/2016 | 2,696,365 | 726,156 | |
Loan | 14 | Riverwalk(2)(21) | 2.8% | Sq. Ft. | 128 | L(26), D(91), O(3) | 03/31/2018 | 9,623,128 | 3,038,382 | 6,584,746 | 12/31/2017 | 9,594,562 | 2,972,803 | 6,621,759 | 12/31/2016 | 9,353,828 | 3,023,123 | |
Loan | 15 | CityLine Ann Arbor & Clinton Portfolio | 2.2% | Sq. Ft. | 88 | L(24), D(92), O(4) | 05/31/2018 | 2,129,066 | 787,993 | 1,341,073 | 12/31/2017 | 2,077,977 | 789,534 | 1,288,443 | 12/31/2016 | 1,976,383 | 778,299 | |
Property | 15.01 | Ann Arbor Self Storage | 1.4% | Sq. Ft. | 90 | 05/31/2018 | 1,332,697 | 465,482 | 867,215 | 12/31/2017 | 1,312,439 | 472,749 | 839,690 | 12/31/2016 | 1,262,130 | 448,491 | ||
Property | 15.02 | Clinton Self Storage | 0.8% | Sq. Ft. | 85 | 05/31/2018 | 796,369 | 322,511 | 473,858 | 12/31/2017 | 765,538 | 316,785 | 448,753 | 12/31/2016 | 714,253 | 329,808 | ||
Loan | 16 | Homestead TownePlace Suites | 2.0% | Rooms | 121,739 | L(25), D(91), O(4) | 04/30/2018 | 4,549,050 | 2,542,443 | 2,006,607 | 12/31/2017 | 4,478,501 | 2,441,227 | 2,037,274 | ||||
Loan | 17 | Interstate Plaza | 1.8% | Sq. Ft. | 129 | L(13), YM1(103), O(4) | 04/30/2018 | 1,510,388 | 443,239 | 1,067,149 | 12/31/2017 | 1,610,633 | 442,728 | 1,167,905 | 12/31/2016 | 1,412,895 | 393,577 | |
Loan | 18 | Edgewater Village Shopping Center(37) | 1.7% | Sq. Ft. | 91 | L(25), D(90), O(5) | 04/30/2018 | 1,839,717 | 414,259 | 1,425,458 | 12/31/2017 | 1,633,783 | 378,231 | 1,255,552 | 12/31/2016 T6 Annualized | 1,240,751 | 441,297 | |
Loan | 19 | Fordham Green Apartments | 1.7% | Units | 85,616 | L(25), D(91), O(4) | 05/31/2018 | 1,903,971 | 786,628 | 1,117,343 | 12/31/2017 | 1,919,568 | 779,967 | 1,139,601 | 12/31/2016 | 1,841,139 | 800,794 | |
Loan | 20 | CityLine Rochester & Lansing Portfolio | 1.7% | Sq. Ft. | 66 | L(24), D(92), O(4) | 05/31/2018 | 1,788,414 | 750,170 | 1,038,243 | 12/31/2017 | 1,729,174 | 710,814 | 1,018,360 | 12/31/2016 | 1,718,318 | 719,570 | |
Property | 20.01 | Rochester Mini Storage | 1.1% | Sq. Ft. | 87 | 05/31/2018 | 969,063 | 311,047 | 658,016 | 12/31/2017 | 917,728 | 305,777 | 611,951 | 12/31/2016 | 883,041 | 333,628 | ||
Property | 20.02 | Lansing Self Storage | 0.6% | Sq. Ft. | 45 | 05/31/2018 | 819,351 | 439,123 | 380,228 | 12/31/2017 | 811,446 | 405,037 | 406,409 | 12/31/2016 | 835,277 | 385,942 | ||
Loan | 21 | Southpointe Square | 1.6% | Units | 51,652 | L(25), D(91), O(4) | 05/31/2018 | 2,009,984 | 947,970 | 1,062,014 | 12/31/2017 | 1,973,038 | 910,154 | 1,062,884 | 12/31/2016 | 1,860,549 | 884,318 | |
Loan | 22 | Rohnert Park Center | 1.5% | Sq. Ft. | 80 | L(26), D(89), O(5) | 03/31/2018 | 2,031,008 | 411,415 | 1,619,593 | 12/31/2017 | 2,016,535 | 422,032 | 1,594,503 | 12/31/2016 | 2,047,496 | 391,506 | |
Loan | 23 | 12-01 44th Avenue(37) | 1.5% | Sq. Ft. | 489 | L(6), YM1(109), O(5) | ||||||||||||
Loan | 24 | Pangea 20(37) | 1.5% | Units | 47,137 | L(25), D(89), O(6) | 05/31/2018 | 1,174,850 | 687,235 | 487,615 | ||||||||
Property | 24.01 | 5501 West Washington Boulevard | 1.2% | Units | 48,413 | |||||||||||||
Property | 24.02 | 14110 South Atlantic Avenue | 0.1% | Units | 40,261 | |||||||||||||
Property | 24.03 | 1475 State Street | 0.1% | Units | 43,577 | |||||||||||||
Property | 24.04 | 4206 Lindenwood Drive | 0.1% | Units | 49,734 | |||||||||||||
Property | 24.05 | 8901 South Cottage Grove Avenue | 0.1% | Units | 39,788 | |||||||||||||
Loan | 25 | Palmhurst Village(37) | 1.4% | Sq. Ft. | 111 | L(24), D(91), O(5) | 05/31/2018 | 1,115,641 | 461,941 | 653,700 | 12/31/2017 | 911,767 | 399,256 | 512,512 | 12/31/2016 | 856,344 | 399,134 | |
Loan | 26 | Kinston Portfolio(36) | 1.4% | Rooms | 49,706 | L(28), D(88), O(4) | 12/31/2017 | 5,288,418 | 3,297,651 | 1,990,767 | 12/31/2016 | 4,717,491 | 3,029,075 | 1,688,416 | 12/31/2015 | 4,659,419 | 3,325,439 | |
Property | 26.01 | Hampton Inn – Kinston | 0.8% | Rooms | 46,772 | 12/31/2017 | 3,078,314 | 1,893,480 | 1,184,834 | 12/31/2016 | 2,574,820 | 1,755,569 | 819,251 | 12/31/2015 | 2,907,750 | 2,015,203 | ||
Property | 26.02 | Holiday Inn Express & Suites – Kinston | 0.6% | Rooms | 54,545 | 12/31/2017 | 2,210,104 | 1,404,171 | 805,933 | 12/31/2016 | 2,142,671 | 1,273,506 | 869,165 | 12/31/2015 | 1,751,669 | 1,310,236 | ||
Loan | 27 | Mac Phail Crossing | 1.3% | Sq. Ft. | 89 | L(25), D(92), O(3) | 03/31/2018 | 1,588,967 | 284,312 | 1,304,654 | 12/31/2017 | 1,615,748 | 287,503 | 1,328,245 | 12/31/2016 | 1,691,992 | 328,275 | |
Loan | 28 | Wisteria Village | 1.3% | Sq. Ft. | 53 | L(29), D(87), O(4) | 12/31/2017 | 1,143,826 | 255,999 | 887,827 | 12/31/2016 | 1,081,439 | 250,021 | 831,418 | 12/31/2015 | 553,113 | 222,432 | |
Loan | 29 | Fredericksburg Place(36) | 1.2% | Units | 37,054 | L(25), D(91), O(4) | 05/31/2018 | 1,870,262 | 1,124,596 | 745,666 | 12/31/2017 | 1,831,385 | 1,235,822 | 595,564 | 12/31/2016 | 1,599,929 | 762,107 | |
Loan | 30 | Lockaway Storage - Schertz | 1.1% | Sq. Ft. | 116 | L(25), D(91), O(4) | 05/31/2018 | 1,057,800 | 345,374 | 712,426 | 12/31/2017 | 1,041,400 | 355,972 | 685,428 | 12/31/2016 | 979,114 | 330,410 | |
Loan | 31 | 1503 Jefferson & 406 Cornelia | 1.1% | Units | 421,053 | L(25), D(91), O(4) | ||||||||||||
Loan | 32 | Hampton Inn Port Charlotte | 1.0% | Rooms | 98,592 | L(25), D(91), O(4) | 04/30/2018 | 2,761,429 | 1,250,299 | 1,511,130 | 12/31/2017 | 2,663,549 | 1,289,157 | 1,374,392 | 12/31/2016 | 2,305,062 | 1,129,036 | |
Loan | 33 | Cliffs of Macon | 1.0% | Units | 48,543 | L(25), D(91), O(4) | 03/31/2018 | 1,094,117 | 282,035 | 812,082 | 12/31/2017 | 1,083,845 | 282,397 | 801,448 | 12/31/2016 | 1,080,738 | 283,982 | |
Loan | 34 | Hampton Inn & Suites Tucson Mall | 0.8% | Rooms | 55,046 | L(24), D(90), O(6) | 04/30/2018 | 3,368,831 | 2,407,855 | 960,976 | 12/31/2017 | 3,197,954 | 2,332,593 | 865,361 | 12/31/2016 | 2,859,355 | 2,231,018 | |
Loan | 35 | Wheeler SC-GA Portfolio | 0.8% | Sq. Ft. | 45 | L(25), DorYM2(31), O(4) | 03/31/2018 | 973,342 | 271,203 | 702,139 | 12/31/2017 | 955,387 | 204,556 | 750,830 | 12/31/2016 | 1,010,124 | 236,460 |
A-1-7
CD 2018-CD7
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan per Net | ||||||||||||||||||
% of | Units | Rentable Area | Second Most | Second | Second | Second | Third Most | Third | Third | |||||||||
Initial Pool | of | (SF/Units/ | Prepayment Provisions | Most Recent Operating | Most Recent | Most Recent | Most Recent | Recent Operating | Most Recent | Most Recent | Most Recent | Recent Operating | Most Recent | Most Recent | ||||
Property Flag | ID | Property Name | Balance | Measure | Rooms/Pads) ($)(4)(15) | (# of payments)(16)(17)(18) | Statements Date | EGI ($) | Expenses($) | NOI($)(11) | Statements Date | EGI($) | Expenses($) | NOI($) | Statements Date | EGI($) | Expenses($) | |
Property | 35.01 | LaGrange | 0.4% | Sq. Ft. | 37 | 03/31/2018 | 494,677 | 133,720 | 360,957 | 12/31/2017 | 525,028 | 138,267 | 386,760 | 12/31/2016 | 560,049 | 135,228 | ||
Property | 35.02 | Georgetown | 0.3% | Sq. Ft. | 61 | 03/31/2018 | 329,790 | 81,970 | 247,820 | 12/31/2017 | 287,730 | 47,193 | 240,537 | 12/31/2016 | 300,006 | 56,352 | ||
Property | 35.03 | Ridgeland Center | 0.1% | Sq. Ft. | 52 | 03/31/2018 | 148,875 | 55,513 | 93,362 | 12/31/2017 | 142,629 | 19,096 | 123,533 | 12/31/2016 | 150,069 | 44,880 | ||
Loan | 36 | Lakeville Townhomes | 0.8% | Units | 25,000 | L(24), YM1(92), O(4) | 05/31/2018 | 1,340,114 | 644,643 | 695,471 | 12/31/2017 | 1,372,818 | 633,445 | 739,373 | 12/31/2016 | 1,391,099 | 573,751 | |
Loan | 37 | Maricopa Marketplace | 0.7% | Sq. Ft. | 129 | L(24), D(92), O(4) | 6/30/2018 Annualized | 1,087,020 | 395,342 | 691,678 | 12/31/2017 | 1,078,737 | 374,893 | 703,844 | 12/31/2016 | 1,145,347 | 381,266 | |
Loan | 38 | Lockaway Storage - Airport | 0.7% | Sq. Ft. | 55 | L(25), D(91), O(4) | 05/31/2018 | 723,932 | 274,037 | 449,895 | 12/31/2017 | 695,489 | 280,802 | 414,687 | 12/31/2016 T6 Annualized | 573,289 | 277,679 | |
Loan | 39 | TownePlace Suites Tucson | 0.7% | Rooms | 61,842 | L(24), D(90), O(6) | 04/30/2018 | 2,375,996 | 1,674,209 | 701,787 | 12/31/2017 | 2,337,315 | 1,620,126 | 717,189 | 12/31/2016 | 2,079,235 | 1,595,196 | |
Loan | 40 | Fairfield Inn DFW Airport South Irving | 0.6% | Rooms | 37,500 | L(24), D(93), O(3) | 05/31/2018 | 3,658,223 | 2,425,718 | 1,232,505 | 12/31/2017 | 3,741,838 | 2,483,123 | 1,258,715 | 12/31/2016 | 3,443,123 | 2,300,350 | |
Loan | 41 | Pointe Professional Center | 0.5% | Sq. Ft. | 57 | L(6), YM1(109), O(5) | 04/30/2018 | 960,560 | 419,834 | 540,726 | 12/31/2017 | 942,624 | 436,677 | 505,947 | 12/31/2016 | 874,353 | 371,783 | |
Loan | 42 | Kris Kay MHC | 0.5% | Pads | 12,361 | L(24), YM1(91), O(5) | 03/31/2018 | 660,522 | 341,961 | 318,561 | 12/31/2017 | 656,284 | 337,669 | 318,615 | 12/31/2016 | 626,706 | 344,561 |
A-1-8
CD 2018-CD7
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | Third | |||||||||||||||||
Initial Pool | Most Recent | Underwritten NOI | Underwritten NCF | Underwritten | Underwritten | Underwritten | Underwritten | Underwritten | Underwritten | Underwritten | Ownership | Ground Lease | Ground Lease | |||||
Property Flag | ID | Property Name | Balance | NOI($) | Debt Yield(14) | Debt Yield(14) | Revenue($) | EGI($) | Expenses($) | NOI ($)(11) | Reserves($) | TI/LC($) | NCF ($) | Interest | Expiration(19) | Extension Terms(19) | Largest Tenant(20)(22)(23)(24)(25) | SF |
Loan | 1 | Aventura Mall(2)(35) | 8.4% | 110,653,403 | 11.0% | 10.8% | 155,278,939 | 185,479,647 | 30,620,668 | 154,858,979 | 243,502 | 3,043,770 | 151,571,708 | Fee Simple | J. C. Penney Co. | 193,759 | ||
Loan | 2 | Bank of America Center(2)(36) | 7.0% | 3,422,473 | 11.6% | 10.9% | 9,559,330 | 10,869,501 | 3,853,953 | 7,015,548 | 50,139 | 348,888 | 6,616,522 | Fee Simple | Bank of America | 85,072 | ||
Loan | 3 | Westside NYC Multifamily Portfolio(35) | 5.9% | 14.3% | 14.3% | 7,600,468 | 7,951,421 | 1,965,820 | 5,985,601 | 5,985,601 | Fee Simple | |||||||
Property | 3.01 | 320 West 49th Street | 0.5% | 627,405 | 608,583 | 77,471 | 531,112 | 531,112 | Fee Simple | NAP | NAP | |||||||
Property | 3.02 | 324 West 49th Street | 0.5% | 504,199 | 631,494 | 105,256 | 526,238 | 526,238 | Fee Simple | NAP | NAP | |||||||
Property | 3.03 | 340 West 49th Street | 0.5% | 516,705 | 617,837 | 93,854 | 523,983 | 523,983 | Fee Simple | NAP | NAP | |||||||
Property | 3.04 | 326 West 49th Street | 0.5% | 630,626 | 611,707 | 111,071 | 500,636 | 500,636 | Fee Simple | NAP | NAP | |||||||
Property | 3.05 | 338 West 49th Street | 0.5% | 592,640 | 692,928 | 198,192 | 494,736 | 494,736 | Fee Simple | NAP | NAP | |||||||
Property | 3.06 | 332 West 49th Street | 0.5% | 570,272 | 553,163 | 85,311 | 467,853 | 467,853 | Fee Simple | NAP | NAP | |||||||
Property | 3.07 | 318 West 49th Street | 0.4% | 555,233 | 556,036 | 100,608 | 455,428 | 455,428 | Fee Simple | NAP | NAP | |||||||
Property | 3.08 | 322 West 49th Street | 0.4% | 445,802 | 590,985 | 151,524 | 439,461 | 439,461 | Fee Simple | NAP | NAP | |||||||
Property | 3.09 | 330 West 49th Street | 0.4% | 515,850 | 500,375 | 87,546 | 412,829 | 412,829 | Fee Simple | NAP | NAP | |||||||
Property | 3.1 | 334 West 49th Street | 0.4% | 582,046 | 564,585 | 198,073 | 366,512 | 366,512 | Fee Simple | NAP | NAP | |||||||
Property | 3.11 | 328 West 49th Street | 0.4% | 509,456 | 494,172 | 134,437 | 359,735 | 359,735 | Fee Simple | NAP | NAP | |||||||
Property | 3.12 | 336 West 49th Street | 0.3% | 568,611 | 551,552 | 224,088 | 327,465 | 327,465 | Fee Simple | NAP | NAP | |||||||
Property | 3.13 | 308 West 49th Street | 0.3% | 482,992 | 486,475 | 192,280 | 294,195 | 294,195 | Fee Simple | NAP | NAP | |||||||
Property | 3.14 | 310 West 49th Street | 0.3% | 498,631 | 491,530 | 206,111 | 285,419 | 285,419 | Fee Simple | NAP | NAP | |||||||
Loan | 4 | 175 Park Avenue(2)(31) | 4.9% | 7,925,924 | 8.9% | 8.7% | 7,152,300 | 9,222,583 | 1,678,193 | 7,544,391 | 54,000 | 135,000 | 7,355,391 | Fee Simple | Realogy Operations LLC | 270,000 | ||
Loan | 5 | Zenith Ridge(2) | 4.9% | 7,657,108 | 10.5% | 9.6% | 12,792,023 | 12,152,422 | 2,717,417 | 9,435,006 | 72,900 | 729,000 | 8,633,106 | Fee Simple | Ansys, Inc. | 216,971 | ||
Loan | 6 | Buckeye Corrugated | 4.6% | 9.4% | 8.7% | 3,371,235 | 3,578,594 | 478,064 | 3,100,530 | 123,942 | 121,629 | 2,854,958 | Fee Simple | |||||
Property | 6.01 | Buckeye Division | 1.2% | Fee Simple | Buckeye Corrugated | 223,592 | ||||||||||||
Property | 6.02 | All-Size Division | 0.9% | Fee Simple | Buckeye Corrugated | 166,970 | ||||||||||||
Property | 6.03 | Tennessee Division | 0.9% | Fee Simple | Buckeye Corrugated | 155,721 | ||||||||||||
Property | 6.04 | Kock Division | 0.6% | Fee Simple | Buckeye Corrugated | 114,000 | ||||||||||||
Property | 6.05 | Cra-Wal Division | 0.5% | Fee Simple | Buckeye Corrugated | 96,000 | ||||||||||||
Property | 6.06 | Dakota Division | 0.4% | Fee Simple | Buckeye Corrugated | 70,000 | ||||||||||||
Loan | 7 | Centennial I & II | 4.6% | 2,600,982 | 11.8% | 10.8% | 5,167,174 | 4,862,311 | 991,529 | 3,870,782 | 23,566 | 299,289 | 3,547,926 | Fee Simple | State of Washington - Department of Social and Health Services | 186,923 | ||
Loan | 8 | NoLIta Multifamily Portfolio | 4.5% | 6.6% | 6.5% | 3,204,837 | 3,085,561 | 982,001 | 2,103,560 | 10,995 | 5,678 | 2,086,886 | Fee Simple | |||||
Property | 8.01 | 26 Prince Street | 1.7% | 1,182,000 | 1,136,652 | 355,084 | 781,568 | 4,500 | 2,250 | 774,818 | Fee Simple | NAP | NAP | |||||
Property | 8.02 | 29 Prince Street | 1.5% | 1,083,366 | 1,041,960 | 340,482 | 701,478 | 1,995 | 1,628 | 697,855 | Fee Simple | NAP | NAP | |||||
Property | 8.03 | 137 Thompson Street | 1.3% | 939,471 | 906,949 | 286,436 | 620,513 | 4,500 | 1,800 | 614,213 | Fee Simple | NAP | NAP | |||||
Loan | 9 | Playa Largo(2) | 4.2% | 12.1% | 10.7% | 29,652,427 | 29,652,427 | 18,795,321 | 10,857,106 | 1,186,097 | 9,671,009 | Fee Simple | NAP | NAP | ||||
Loan | 10 | Alabama Hotel Portfolio | 4.0% | 4,123,788 | 17.2% | 15.3% | 13,535,824 | 13,535,824 | 8,644,168 | 4,891,656 | 541,433 | 4,350,223 | Fee Simple | |||||
Property | 10.01 | Embassy Suites - Birmingham | 2.8% | 2,715,848 | 9,969,894 | 9,969,894 | 6,752,767 | 3,217,127 | 398,796 | 2,818,331 | Fee Simple | NAP | NAP | |||||
Property | 10.02 | Springhill Suites - Tuscaloosa | 1.2% | 1,407,940 | 3,565,930 | 3,565,930 | 1,891,401 | 1,674,529 | 142,637 | 1,531,892 | Fee Simple | NAP | NAP | |||||
Loan | 11 | Walmart Supercenter Teterboro | 3.5% | 7.3% | 7.3% | 1,562,500 | 1,844,055 | 1,844,055 | 1,844,055 | Fee Simple | NAP | NAP | ||||||
Loan | 12 | Sully Station Shopping Center | 3.5% | 2,540,836 | 13.2% | 12.3% | 4,541,023 | 4,310,958 | 1,016,788 | 3,294,170 | 52,259 | 174,302 | 3,067,609 | Fee Simple | GlowZone | 48,322 | ||
Loan | 13 | Bear Creek Apartments | 3.4% | 1,970,209 | 8.5% | 8.3% | 2,974,031 | 2,971,141 | 889,905 | 2,081,236 | 60,000 | 2,021,236 | Fee Simple | NAP | NAP | |||
Loan | 14 | Riverwalk(2)(21) | 2.8% | 6,330,705 | 9.2% | 8.8% | 9,909,312 | 10,828,207 | 3,385,984 | 7,442,223 | 63,038 | 252,152 | 7,127,034 | Fee Simple | Solectria | 78,410 | ||
Loan | 15 | CityLine Ann Arbor & Clinton Portfolio | 2.2% | 1,198,084 | 8.3% | 8.1% | 2,200,452 | 2,129,066 | 833,874 | 1,295,192 | 21,239 | 1,273,953 | Fee Simple | |||||
Property | 15.01 | Ann Arbor Self Storage | 1.4% | 813,639 | 1,421,952 | 1,332,697 | 483,924 | 848,773 | 13,666 | 835,107 | Fee Simple | NAP | NAP | |||||
Property | 15.02 | Clinton Self Storage | 0.8% | 384,445 | 778,500 | 796,369 | 349,950 | 446,419 | 7,573 | 438,846 | Fee Simple | NAP | NAP | |||||
Loan | 16 | Homestead TownePlace Suites | 2.0% | 14.5% | 13.2% | 4,413,000 | 4,549,050 | 2,520,278 | 2,028,772 | 181,962 | 1,846,810 | Fee Simple | NAP | NAP | ||||
Loan | 17 | Interstate Plaza | 1.8% | 1,019,318 | 10.0% | 9.2% | 1,958,300 | 1,847,685 | 524,798 | 1,322,887 | 16,419 | 96,220 | 1,210,249 | Fee Simple | Planet Fitness | 18,000 | ||
Loan | 18 | Edgewater Village Shopping Center(37) | 1.7% | 799,454 | 11.2% | 10.1% | 2,018,958 | 1,863,594 | 457,732 | 1,405,861 | 38,412 | 102,889 | 1,264,561 | Fee Simple | Stein Mart | 27,842 | ||
Loan | 19 | Fordham Green Apartments | 1.7% | 1,040,345 | 8.5% | 8.2% | 2,099,877 | 1,903,971 | 837,706 | 1,066,265 | 43,003 | 1,023,261 | Fee Simple | NAP | NAP | |||
Loan | 20 | CityLine Rochester & Lansing Portfolio | 1.7% | 998,748 | 8.4% | 8.2% | 1,823,748 | 1,814,816 | 767,528 | 1,047,288 | 18,936 | 1,028,352 | Fee Simple | |||||
Property | 20.01 | Rochester Mini Storage | 1.1% | 549,413 | 937,968 | 995,465 | 312,351 | 683,114 | 9,412 | 673,702 | Fee Simple | NAP | NAP | |||||
Property | 20.02 | Lansing Self Storage | 0.6% | 449,335 | 885,780 | 819,351 | 455,177 | 364,174 | 9,524 | 354,649 | Fee Simple | NAP | NAP | |||||
Loan | 21 | Southpointe Square | 1.6% | 976,231 | 9.2% | 8.6% | 2,151,264 | 2,046,592 | 982,742 | 1,063,851 | 68,698 | 995,154 | Fee Simple | NAP | NAP | |||
Loan | 22 | Rohnert Park Center | 1.5% | 1,655,990 | 13.9% | 12.9% | 1,719,298 | 2,043,777 | 514,001 | 1,529,776 | 27,437 | 88,344 | 1,413,995 | Fee Simple | Reading Cinemas | 74,000 | ||
Loan | 23 | 12-01 44th Avenue(37) | 1.5% | 7.7% | 7.5% | 1,043,361 | 991,193 | 164,215 | 826,978 | 4,400 | 16,500 | 806,078 | Fee Simple | Wirecutter, Inc. | 22,000 | |||
Loan | 24 | Pangea 20(37) | 1.5% | 12.0% | 11.5% | 1,996,416 | 1,975,909 | 689,986 | 1,285,923 | 56,750 | 1,229,173 | Fee Simple | ||||||
Property | 24.01 | 5501 West Washington Boulevard | 1.2% | Fee Simple | NAP | NAP | ||||||||||||
Property | 24.02 | 14110 South Atlantic Avenue | 0.1% | Fee Simple | NAP | NAP | ||||||||||||
Property | 24.03 | 1475 State Street | 0.1% | Fee Simple | NAP | NAP | ||||||||||||
Property | 24.04 | 4206 Lindenwood Drive | 0.1% | Fee Simple | NAP | NAP | ||||||||||||
Property | 24.05 | 8901 South Cottage Grove Avenue | 0.1% | Fee Simple | NAP | NAP | ||||||||||||
Loan | 25 | Palmhurst Village(37) | 1.4% | 457,209 | 9.8% | 9.1% | 1,528,904 | 1,444,526 | 474,951 | 969,575 | 17,863 | 53,590 | 898,122 | Fee Simple | Ross Dress for Less | 30,000 | ||
Loan | 26 | Kinston Portfolio(36) | 1.4% | 1,333,980 | 20.3% | 17.6% | 5,204,879 | 5,288,418 | 3,308,387 | 1,980,030 | 264,421 | 1,715,610 | Fee Simple | |||||
Property | 26.01 | Hampton Inn – Kinston | 0.8% | 892,547 | 3,012,129 | 3,078,314 | 1,902,030 | 1,176,284 | 153,916 | 1,022,368 | Fee Simple | NAP | NAP | |||||
Property | 26.02 | Holiday Inn Express & Suites – Kinston | 0.6% | 441,433 | 2,192,750 | 2,210,104 | 1,406,357 | 803,747 | 110,505 | 693,242 | Fee Simple | NAP | NAP | |||||
Loan | 27 | Mac Phail Crossing | 1.3% | 1,363,716 | 12.8% | 12.0% | 1,749,519 | 1,662,043 | 487,071 | 1,174,972 | 20,598 | 53,164 | 1,101,209 | Fee Simple | Weis Markets, Inc. | 57,992 | ||
Loan | 28 | Wisteria Village | 1.3% | 330,681 | 10.5% | 9.1% | 1,143,812 | 1,232,371 | 272,663 | 959,708 | 29,214 | 100,039 | 830,455 | Fee Simple | At Home | 84,146 | ||
Loan | 29 | Fredericksburg Place(36) | 1.2% | 837,822 | 10.5% | 9.8% | 1,941,960 | 1,974,005 | 1,102,617 | 871,388 | 56,000 | 815,388 | Fee Simple | NAP | NAP | |||
Loan | 30 | Lockaway Storage - Schertz | 1.1% | 648,704 | 8.8% | 8.7% | 898,945 | 1,055,513 | 334,412 | 721,101 | 8,436 | 712,665 | Fee Simple | NAP | NAP | |||
Loan | 31 | 1503 Jefferson & 406 Cornelia | 1.1% | 7.0% | 7.0% | 641,400 | 633,158 | 145,155 | 488,003 | 488,003 | Fee Simple | NAP | NAP | |||||
Loan | 32 | Hampton Inn Port Charlotte | 1.0% | 1,176,026 | 17.9% | 16.3% | 2,719,729 | 2,759,301 | 1,504,628 | 1,254,672 | 110,372 | 1,144,300 | Fee Simple | NAP | NAP | |||
Loan | 33 | Cliffs of Macon | 1.0% | 796,756 | 10.7% | 10.3% | 1,113,108 | 1,140,780 | 402,296 | 738,484 | 28,400 | 710,084 | Fee Simple | NAP | NAP | |||
Loan | 34 | Hampton Inn & Suites Tucson Mall | 0.8% | 628,337 | 16.1% | 13.8% | 3,368,831 | 3,368,831 | 2,405,537 | 963,294 | 134,753 | 828,540 | Fee Simple | NAP | NAP | |||
Loan | 35 | Wheeler SC-GA Portfolio | 0.8% | 773,665 | 11.8% | 10.3% | 855,624 | 920,106 | 242,460 | 677,646 | 29,380 | 59,170 | 589,097 | Fee Simple |
A-1-9
CD 2018-CD7
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | Third | |||||||||||||||||
Initial Pool | Most Recent | Underwritten NOI | Underwritten NCF | Underwritten | Underwritten | Underwritten | Underwritten | Underwritten | Underwritten | Underwritten | Ownership | Ground Lease | Ground Lease | |||||
Property Flag | ID | Property Name | Balance | NOI($) | Debt Yield(14) | Debt Yield(14) | Revenue($) | EGI($) | Expenses($) | NOI ($)(11) | Reserves($) | TI/LC($) | NCF ($) | Interest | Expiration(19) | Extension Terms(19) | Largest Tenant(20)(22)(23)(24)(25) | SF |
Property | 35.01 | LaGrange | 0.4% | 424,822 | 448,206 | 410,692 | 123,679 | 287,013 | 14,070 | 40,295 | 232,648 | Fee Simple | Food Depot | 46,700 | ||||
Property | 35.02 | Georgetown | 0.3% | 243,654 | 267,215 | 329,714 | 67,325 | 262,389 | 8,926 | 12,365 | 241,098 | Fee Simple | Piggly Wiggly | 22,032 | ||||
Property | 35.03 | Ridgeland Center | 0.1% | 105,189 | 140,203 | 179,700 | 51,456 | 128,244 | 6,384 | 6,509 | 115,351 | Fee Simple | Piggly Wiggly | 20,029 | ||||
Loan | 36 | Lakeville Townhomes | 0.8% | 817,348 | 11.5% | 10.3% | 1,764,324 | 1,340,114 | 683,363 | 656,751 | 68,400 | 588,351 | Fee Simple | NAP | NAP | |||
Loan | 37 | Maricopa Marketplace | 0.7% | 764,081 | 13.4% | 12.3% | 1,146,777 | 1,066,489 | 392,366 | 674,123 | 17,106 | 38,877 | 618,140 | Fee Simple | Plaza Bonita Mexican Restaurant | 4,504 | ||
Loan | 38 | Lockaway Storage - Airport | 0.7% | 295,610 | 9.5% | 9.4% | 713,850 | 737,006 | 274,106 | 462,900 | 8,763 | 454,137 | Fee Simple | NAP | NAP | |||
Loan | 39 | TownePlace Suites Tucson | 0.7% | 484,039 | 14.8% | 12.8% | 2,375,996 | 2,375,996 | 1,680,029 | 695,967 | 95,040 | 600,927 | Fee Simple | NAP | NAP | |||
Loan | 40 | Fairfield Inn DFW Airport South Irving | 0.6% | 1,142,773 | 25.7% | 22.6% | 3,445,849 | 3,474,067 | 2,317,328 | 1,156,739 | 138,963 | 1,017,776 | Fee Simple | NAP | NAP | |||
Loan | 41 | Pointe Professional Center | 0.5% | 502,570 | 15.5% | 13.2% | 1,189,921 | 1,027,937 | 469,487 | 558,450 | 20,292 | 62,613 | 475,545 | Fee Simple | William Beaumont Hospital | 9,133 | ||
Loan | 42 | Kris Kay MHC | 0.5% | 282,145 | 9.1% | 8.9% | 940,017 | 638,852 | 313,738 | 325,114 | 9,432 | 315,682 | Fee Simple | NAP | NAP |
A-1-10
CD 2018-CD7
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | |||||||||||||||||
Initial Pool | Lease | Lease | Lease | Lease | Lease | ||||||||||||
Property Flag | ID | Property Name | Balance | Expiration | 2nd Largest Tenant(22)(23)(25) | SF | Expiration | 3rd Largest Tenant(23) | SF | Expiration | 4th Largest Tenant | SF | Expiration | 5th Largest Tenant | SF | Expiration | Occupancy(4)(20) |
Loan | 1 | Aventura Mall(2)(35) | 8.4% | 04/30/2023 | AMC Theatres | 78,738 | 08/31/2023 | Zara | 34,454 | 10/31/2029 | XXI Forever | 32,504 | 06/30/2018 | H & M | 28,830 | 01/31/2027 | 92.8% |
Loan | 2 | Bank of America Center(2)(36) | 7.0% | 06/10/2022 | DEQ | 81,553 | 4/30/2028 | Virginia Retirement System | 68,356 | 6/30/2024 | Sands Anderson Marks & Miller | 38,832 | 1/31/2024 | McCandlish Holton | 33,822 | 4/30/2026 | 84.5% |
Loan | 3 | Westside NYC Multifamily Portfolio(35) | 5.9% | 97.8% | |||||||||||||
Property | 3.01 | 320 West 49th Street | 0.5% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 95.0% |
Property | 3.02 | 324 West 49th Street | 0.5% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 88.9% |
Property | 3.03 | 340 West 49th Street | 0.5% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% |
Property | 3.04 | 326 West 49th Street | 0.5% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% |
Property | 3.05 | 338 West 49th Street | 0.5% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 95.0% |
Property | 3.06 | 332 West 49th Street | 0.5% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% |
Property | 3.07 | 318 West 49th Street | 0.4% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% |
Property | 3.08 | 322 West 49th Street | 0.4% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% |
Property | 3.09 | 330 West 49th Street | 0.4% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 95.0% |
Property | 3.1 | 334 West 49th Street | 0.4% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% |
Property | 3.11 | 328 West 49th Street | 0.4% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% |
Property | 3.12 | 336 West 49th Street | 0.3% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 95.0% |
Property | 3.13 | 308 West 49th Street | 0.3% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% |
Property | 3.14 | 310 West 49th Street | 0.3% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% |
Loan | 4 | 175 Park Avenue(2)(31) | 4.9% | 12/31/2029 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% |
Loan | 5 | Zenith Ridge(2) | 4.9% | 12/31/2029 | EQT Corp. | 180,908 | 01/31/2031 | Nicholson Construction Company | 17,342 | 01/31/2026 | Sentric Holdings Corp. | 13,334 | 09/30/2021 | Regus | 13,814 | 01/31/2025 | 100.0% |
Loan | 6 | Buckeye Corrugated | 4.6% | 100.0% | |||||||||||||
Property | 6.01 | Buckeye Division | 1.2% | 06/15/2038 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% |
Property | 6.02 | All-Size Division | 0.9% | 06/15/2038 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% |
Property | 6.03 | Tennessee Division | 0.9% | 06/15/2038 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% |
Property | 6.04 | Kock Division | 0.6% | 06/15/2038 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% |
Property | 6.05 | Cra-Wal Division | 0.5% | 06/15/2038 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% |
Property | 6.06 | Dakota Division | 0.4% | 06/15/2038 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% |
Loan | 7 | Centennial I & II | 4.6% | 10/31/2028 | State of Washington Employment Security Department | 20,313 | 10/31/2028 | Econet, Inc. | 18,754 | 03/31/2028 | NAP | NAP | NAP | NAP | NAP | NAP | 95.9% |
Loan | 8 | NoLIta Multifamily Portfolio | 4.5% | 100.0% | |||||||||||||
Property | 8.01 | 26 Prince Street | 1.7% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% |
Property | 8.02 | 29 Prince Street | 1.5% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% |
Property | 8.03 | 137 Thompson Street | 1.3% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% |
Loan | 9 | Playa Largo(2) | 4.2% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 79.3% |
Loan | 10 | Alabama Hotel Portfolio | 4.0% | 76.6% | |||||||||||||
Property | 10.01 | Embassy Suites - Birmingham | 2.8% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 77.3% |
Property | 10.02 | Springhill Suites - Tuscaloosa | 1.2% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 75.3% |
Loan | 11 | Walmart Supercenter Teterboro | 3.5% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 12 | Sully Station Shopping Center | 3.5% | 12/31/2028 | Goodwill | 17,739 | 08/31/2027 | Planet Fitness | 15,800 | 01/31/2027 | Exxon | 10,048 | 07/31/2037 | Dollar Tree | 9,134 | 08/31/2020 | 95.3% |
Loan | 13 | Bear Creek Apartments | 3.4% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 97.9% |
Loan | 14 | Riverwalk(2)(21) | 2.8% | 3/1/2019 | Partners Community Healthcare | 48,892 | 11/1/2019 | Home Health VNA | 34,252 | 10/15/2025 | Jaybird & Mais | 33,786 | 12/1/2021 | Select One Construction | 31,000 | 4/30/2033 | 93.0% |
Loan | 15 | CityLine Ann Arbor & Clinton Portfolio | 2.2% | 88.6% | |||||||||||||
Property | 15.01 | Ann Arbor Self Storage | 1.4% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 87.6% |
Property | 15.02 | Clinton Self Storage | 0.8% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 90.5% |
Loan | 16 | Homestead TownePlace Suites | 2.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 81.1% |
Loan | 17 | Interstate Plaza | 1.8% | 11/30/2020 | Spec’s Liquor | 17,993 | 07/31/2028 | JoAnn Fabrics | 17,979 | 01/31/2025 | PetSmart | 15,713 | 12/31/2026 | Aaron’s Rents | 7,000 | 11/30/2023 | 96.0% |
Loan | 18 | Edgewater Village Shopping Center(37) | 1.7% | 09/30/2022 | Tulane University | 14,961 | 09/30/2027 | Tuesday Morning | 12,500 | 04/30/2027 | Dollar Tree | 10,000 | 01/31/2022 | El Saltillo Mexican Restaurant | 8,884 | 06/30/2023 | 93.2% |
Loan | 19 | Fordham Green Apartments | 1.7% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 95.2% |
Loan | 20 | CityLine Rochester & Lansing Portfolio | 1.7% | 87.6% | |||||||||||||
Property | 20.01 | Rochester Mini Storage | 1.1% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 92.0% |
Property | 20.02 | Lansing Self Storage | 0.6% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 83.2% |
Loan | 21 | Southpointe Square | 1.6% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 92.9% |
Loan | 22 | Rohnert Park Center | 1.5% | 10/31/2023 | Jump Freedom | 35,800 | 09/30/2019 | Southern Glazers Wine and Spirits | 15,981 | 02/28/2021 | Cheer Obsession Athletics | 5,803 | 06/30/2021 | Applebees | 5,600 | 01/31/2025 | 100.0% |
Loan | 23 | 12-01 44th Avenue(37) | 1.5% | 11/30/2028 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% |
Loan | 24 | Pangea 20(37) | 1.5% | 95.6% | |||||||||||||
Property | 24.01 | 5501 West Washington Boulevard | 1.2% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 95.3% |
Property | 24.02 | 14110 South Atlantic Avenue | 0.1% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 94.4% |
Property | 24.03 | 1475 State Street | 0.1% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% |
Property | 24.04 | 4206 Lindenwood Drive | 0.1% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% |
Property | 24.05 | 8901 South Cottage Grove Avenue | 0.1% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 90.0% |
Loan | 25 | Palmhurst Village(37) | 1.4% | 01/31/2026 | Goodwill | 11,951 | 06/30/2025 | J Merchants | 11,200 | 11/30/2022 | Rainbow | 5,032 | 01/31/2023 | Rodeo Dental Texas, LLC | 4,400 | 10/31/2026 | 95.5% |
Loan | 26 | Kinston Portfolio(36) | 1.4% | 72.5% | |||||||||||||
Property | 26.01 | Hampton Inn – Kinston | 0.8% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 68.1% |
Property | 26.02 | Holiday Inn Express & Suites – Kinston | 0.6% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 79.7% |
Loan | 27 | Mac Phail Crossing | 1.3% | 04/30/2022 | Dick’s Sporting Goods, Inc. | 45,000 | 03/31/2023 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% |
Loan | 28 | Wisteria Village | 1.3% | 12/31/2020 | Ollie’s Bargain Outlet | 29,676 | 08/31/2022 | Planet Fitness | 26,324 | 02/28/2026 | Gwinnett Bone & Joint Specialist | 8,100 | 10/31/2018 | China Chef | 2,800 | 12/31/2020 | 94.3% |
Loan | 29 | Fredericksburg Place(36) | 1.2% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 94.6% |
Loan | 30 | Lockaway Storage - Schertz | 1.1% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 90.2% |
Loan | 31 | 1503 Jefferson & 406 Cornelia | 1.1% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% |
Loan | 32 | Hampton Inn Port Charlotte | 1.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 78.5% |
Loan | 33 | Cliffs of Macon | 1.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 97.9% |
Loan | 34 | Hampton Inn & Suites Tucson Mall | 0.8% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 78.0% |
Loan | 35 | Wheeler SC-GA Portfolio | 0.8% | 97.1% |
A-1-11
CD 2018-CD7
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | |||||||||||||||||
Initial Pool | Lease | Lease | Lease | Lease | Lease | ||||||||||||
Property Flag | ID | Property Name | Balance | Expiration | 2nd Largest Tenant(22)(23)(25) | SF | Expiration | 3rd Largest Tenant(23) | SF | Expiration | 4th Largest Tenant | SF | Expiration | 5th Largest Tenant | SF | Expiration | Occupancy(4)(20) |
Property | 35.01 | LaGrange | 0.4% | 04/30/2028 | Walgreens | 9,594 | 01/28/2022 | NWM Furniture Rental | 3,000 | 03/31/2019 | U’s Beauty Supply | 2,400 | 12/31/2019 | Zafar Iqbal dba Flair | 1,500 | 09/30/2019 | 95.3% |
Property | 35.02 | Georgetown | 0.3% | 08/31/2023 | Family Dollar | 7,540 | 01/31/2020 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% |
Property | 35.03 | Ridgeland Center | 0.1% | 03/31/2023 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% |
Loan | 36 | Lakeville Townhomes | 0.8% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 82.5% |
Loan | 37 | Maricopa Marketplace | 0.7% | 06/30/2020 | Leslie’s Poolmart | 3,200 | 12/31/2019 | Pizza Hut | 3,000 | 04/30/2021 | Sunrise Café | 2,800 | 08/31/2022 | Premier Orthodontic Specialists | 2,800 | 01/31/2019 | 96.4% |
Loan | 38 | Lockaway Storage - Airport | 0.7% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 96.1% |
Loan | 39 | TownePlace Suites Tucson | 0.7% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 79.6% |
Loan | 40 | Fairfield Inn DFW Airport South Irving | 0.6% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 82.1% |
Loan | 41 | Pointe Professional Center | 0.5% | 03/31/2023 | Michigan Cancer Specialist, PLC | 6,250 | 03/31/2023 | Ascension Medical Group Michigan | 4,070 | 05/31/2022 | Richard Kneip, Ph.D. PC dba Great Lakes Psychology | 4,033 | 03/31/2025 | Eastlake Pediatric | 2,900 | 02/28/2025 | 86.5% |
Loan | 42 | Kris Kay MHC | 0.5% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 65.3% |
A-1-12
CD 2018-CD7
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | Upfront | Monthly | Upfront | Monthly | Upfront | Monthly | Upfront | ||||
Initial Pool | Occupancy | Replacement | Replacement | TI/LC | TI/LC | Tax | Tax | Insurance | |||
Property Flag | ID | Property Name | Balance | As-of Date | Reserves($)(27)(29) | Reserves ($)(28)(29)(30) | Reserves ($)(27) | Reserves ($)(29)(29)(30) | Reserves ($)(27) | Reserves ($)(28)(30) | Reserves($)(27) |
Loan | 1 | Aventura Mall(2)(35) | 8.4% | 02/14/2018 | Springing | Springing | Springing | ||||
Loan | 2 | Bank of America Center(2)(36) | 7.0% | 06/18/2018 | 4,178 | 1,525,000 | 105,000 | 52,500 | 115,033 | ||
Loan | 3 | Westside NYC Multifamily Portfolio(35) | 5.9% | 05/31/2018 | 204,750 | Springing | 6,750 | Springing | 186,667 | 93,334 | 113,733 |
Property | 3.01 | 320 West 49th Street | 0.5% | 05/31/2018 | |||||||
Property | 3.02 | 324 West 49th Street | 0.5% | 05/31/2018 | |||||||
Property | 3.03 | 340 West 49th Street | 0.5% | 05/31/2018 | |||||||
Property | 3.04 | 326 West 49th Street | 0.5% | 05/31/2018 | |||||||
Property | 3.05 | 338 West 49th Street | 0.5% | 05/31/2018 | |||||||
Property | 3.06 | 332 West 49th Street | 0.5% | 05/31/2018 | |||||||
Property | 3.07 | 318 West 49th Street | 0.4% | 05/31/2018 | |||||||
Property | 3.08 | 322 West 49th Street | 0.4% | 05/31/2018 | |||||||
Property | 3.09 | 330 West 49th Street | 0.4% | 05/31/2018 | |||||||
Property | 3.1 | 334 West 49th Street | 0.4% | 05/31/2018 | |||||||
Property | 3.11 | 328 West 49th Street | 0.4% | 05/31/2018 | |||||||
Property | 3.12 | 336 West 49th Street | 0.3% | 05/31/2018 | |||||||
Property | 3.13 | 308 West 49th Street | 0.3% | 05/31/2018 | |||||||
Property | 3.14 | 310 West 49th Street | 0.3% | 05/31/2018 | |||||||
Loan | 4 | 175 Park Avenue(2)(31) | 4.9% | 08/06/2018 | 162,000 | Springing | 675,000 | Springing | 115,000 | 115,000 | |
Loan | 5 | Zenith Ridge(2) | 4.9% | 07/11/2018 | 6,075 | 60,750 | 30,949 | 54,461 | |||
Loan | 6 | Buckeye Corrugated | 4.6% | 08/06/2018 | Springing | Springing | |||||
Property | 6.01 | Buckeye Division | 1.2% | 08/06/2018 | |||||||
Property | 6.02 | All-Size Division | 0.9% | 08/06/2018 | |||||||
Property | 6.03 | Tennessee Division | 0.9% | 08/06/2018 | |||||||
Property | 6.04 | Kock Division | 0.6% | 08/06/2018 | |||||||
Property | 6.05 | Cra-Wal Division | 0.5% | 08/06/2018 | |||||||
Property | 6.06 | Dakota Division | 0.4% | 08/06/2018 | |||||||
Loan | 7 | Centennial I & II | 4.6% | 07/02/2018 | 1,964 | 39,277 | 43,098 | 14,111 | |||
Loan | 8 | NoLIta Multifamily Portfolio | 4.5% | 06/01/2018 | 1,071 | 355,500 | 59,250 | 22,554 | |||
Property | 8.01 | 26 Prince Street | 1.7% | 06/01/2018 | |||||||
Property | 8.02 | 29 Prince Street | 1.5% | 06/01/2018 | |||||||
Property | 8.03 | 137 Thompson Street | 1.3% | 06/01/2018 | |||||||
Loan | 9 | Playa Largo(2) | 4.2% | 04/30/2018 | 98,841 | 286,979 | 35,872 | 44,902 | |||
Loan | 10 | Alabama Hotel Portfolio | 4.0% | 05/31/2018 | 22,560 | 305,284 | 43,612 | ||||
Property | 10.01 | Embassy Suites - Birmingham | 2.8% | 05/31/2018 | |||||||
Property | 10.02 | Springhill Suites - Tuscaloosa | 1.2% | 05/31/2018 | |||||||
Loan | 11 | Walmart Supercenter Teterboro | 3.5% | NAP | Springing | Springing | Springing | ||||
Loan | 12 | Sully Station Shopping Center | 3.5% | 06/20/2018 | Springing | 12,809 | 103,210 | 34,403 | 12,083 | ||
Loan | 13 | Bear Creek Apartments | 3.4% | 06/14/2018 | 5,000 | 93,169 | 15,528 | 10,114 | |||
Loan | 14 | Riverwalk(2)(21) | 2.8% | 06/18/2018 | 270,000 | Springing | 2,000,000 | Springing | Springing | ||
Loan | 15 | CityLine Ann Arbor & Clinton Portfolio | 2.2% | 05/31/2018 | 1,918 | 143,279 | 15,920 | 6,023 | |||
Property | 15.01 | Ann Arbor Self Storage | 1.4% | 05/31/2018 | |||||||
Property | 15.02 | Clinton Self Storage | 0.8% | 05/31/2018 | |||||||
Loan | 16 | Homestead TownePlace Suites | 2.0% | 04/30/2018 | 4% of prior month revenues | 99,402 | 14,200 | 49,239 | |||
Loan | 17 | Interstate Plaza | 1.8% | 04/01/2018 | 1,368 | 29,167 | 156,644 | 26,107 | 3,243 | ||
Loan | 18 | Edgewater Village Shopping Center(37) | 1.7% | 06/19/2018 | 4,230 | 150,000 | 8,574 | 74,394 | 12,399 | 69,661 | |
Loan | 19 | Fordham Green Apartments | 1.7% | 06/01/2018 | 3,584 | 94,318 | 15,720 | ||||
Loan | 20 | CityLine Rochester & Lansing Portfolio | 1.7% | Various | 456,409 | 1,578 | 88,492 | 12,642 | 4,326 | ||
Property | 20.01 | Rochester Mini Storage | 1.1% | 02/23/2018 | |||||||
Property | 20.02 | Lansing Self Storage | 0.6% | 05/31/2018 | |||||||
Loan | 21 | Southpointe Square | 1.6% | 06/01/2018 | 5,725 | 168,403 | 16,840 | ||||
Loan | 22 | Rohnert Park Center | 1.5% | 03/31/2018 | 2,286 | 12,500 | 11,432 | 29,275 | |||
Loan | 23 | 12-01 44th Avenue(37) | 1.5% | 08/06/2018 | 367 | 3,354 | 3,354 | 43,988 | |||
Loan | 24 | Pangea 20(37) | 1.5% | 06/01/2018 | 4,729 | 16,022 | 9,737 | ||||
Property | 24.01 | 5501 West Washington Boulevard | 1.2% | 06/01/2018 | |||||||
Property | 24.02 | 14110 South Atlantic Avenue | 0.1% | 06/01/2018 | |||||||
Property | 24.03 | 1475 State Street | 0.1% | 06/01/2018 | |||||||
Property | 24.04 | 4206 Lindenwood Drive | 0.1% | 06/01/2018 | |||||||
Property | 24.05 | 8901 South Cottage Grove Avenue | 0.1% | 06/01/2018 | |||||||
Loan | 25 | Palmhurst Village(37) | 1.4% | 06/01/2018 | 1,489 | 4,466 | 168,989 | 16,899 | 45,411 | ||
Loan | 26 | Kinston Portfolio(36) | 1.4% | 12/31/2017 | The greater of (i) 4.0% of gross revenues for the month which occurred two months prior, (ii) the amount due under the management agreement, (iii) any amount required under any Franchise Agreement for FF&E Work | 45,523 | 11,381 | 13,172 | |||
Property | 26.01 | Hampton Inn – Kinston | 0.8% | 12/31/2017 | |||||||
Property | 26.02 | Holiday Inn Express & Suites – Kinston | 0.6% | 12/31/2017 | |||||||
Loan | 27 | Mac Phail Crossing | 1.3% | 04/02/2018 | 450,000 | 1,287 | Springing | 97,532 | Springing | 6,261 | |
Loan | 28 | Wisteria Village | 1.3% | 02/22/2018 | 2,864 | 10,740 | 56,108 | 9,351 | 7,268 | ||
Loan | 29 | Fredericksburg Place(36) | 1.2% | 06/07/2018 | 5,600 | 146,139 | 24,356 | 32,056 | |||
Loan | 30 | Lockaway Storage - Schertz | 1.1% | 05/31/2018 | 703 | 48,668 | 6,953 | 671 | |||
Loan | 31 | 1503 Jefferson & 406 Cornelia | 1.1% | 06/26/2018 | 14,250 | Springing | 17,500 | 8,750 | 3,376 | ||
Loan | 32 | Hampton Inn Port Charlotte | 1.0% | 04/30/2018 | 4% of prior month revenues | 57,341 | 6,371 | 21,623 | |||
Loan | 33 | Cliffs of Macon | 1.0% | 03/31/2018 | 100,000 | 3,550 | 52,477 | 5,831 | |||
Loan | 34 | Hampton Inn & Suites Tucson Mall | 0.8% | 04/30/2018 | 2,807 | 76,500 | 12,750 | 10,628 | |||
Loan | 35 | Wheeler SC-GA Portfolio | 0.8% | Various | 2,103 | 6,836 | 35,080 | 8,770 |
A-1-13
CD 2018-CD7
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | Upfront | Monthly | Upfront | Monthly | Upfront | Monthly | Upfront | ||||
Initial Pool | Occupancy | Replacement | Replacement | TI/LC | TI/LC | Tax | Tax | Insurance | |||
Property Flag | ID | Property Name | Balance | As-of Date | Reserves($)(27)(29) | Reserves ($)(28)(29)(30) | Reserves ($)(27) | Reserves ($)(29)(29)(30) | Reserves ($)(27) | Reserves ($)(28)(30) | Reserves($)(27) |
Property | 35.01 | LaGrange | 0.4% | 06/20/2018 | |||||||
Property | 35.02 | Georgetown | 0.3% | 06/20/2018 | |||||||
Property | 35.03 | Ridgeland Center | 0.1% | 08/06/2018 | |||||||
Loan | 36 | Lakeville Townhomes | 0.8% | 07/12/2018 | 5,700 | 68,071 | 7,563 | 74,744 | |||
Loan | 37 | Maricopa Marketplace | 0.7% | 07/01/2018 | 1,426 | 50,000 | Springing | 108,476 | 12,053 | 4,633 | |
Loan | 38 | Lockaway Storage - Airport | 0.7% | 05/31/2018 | 730 | 63,552 | 9,079 | 502 | |||
Loan | 39 | TownePlace Suites Tucson | 0.7% | 04/30/2018 | 1,980 | 64,000 | 10,667 | 8,827 | |||
Loan | 40 | Fairfield Inn DFW Airport South Irving | 0.6% | 05/31/2018 | 11,981 | 117,723 | 14,715 | 55,439 | |||
Loan | 41 | Pointe Professional Center | 0.5% | 06/01/2018 | 27,235 | 1,691 | 100,000 | 5,218 | 15,607 | 23,331 | |
Loan | 42 | Kris Kay MHC | 0.5% | 04/30/2018 | 786 | 26,819 | 4,470 |
A-1-14
CD 2018-CD7
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | Monthly | Upfront | Upfront | Monthly | Other | Environmental | |||
Initial Pool | Insurance | Engineering | Other | Other | Reserves | Report | |||
Property Flag | ID | Property Name | Balance | Reserves ($)(28) | Reserve($)(27) | Reserves(27) | Reserves ($)(28)(29) | Description | Date(32)(33) |
Loan | 1 | Aventura Mall(2)(35) | 8.4% | Springing | 26,168,910 | Outstanding Tenant Obligations Reserve (Upfront: $19,392,145); Bridge Rent and Reimbursement Reserve (Upfront: $6,776,765) | 04/27/2018 | ||
Loan | 2 | Bank of America Center(2)(36) | 7.0% | 10,458 | 6,090,783 | Bank of America Reserve (Upfront: $4,091,878); Specified Tenant Free Rent Reserve (Upfront: $850,305); Specified Tenant Leasing Commissions Reserve (Upfront: $305,413); Specified Tenant TI Allowance Reserve (Upfront: $843,187) | 06/19/2018 | ||
Loan | 3 | Westside NYC Multifamily Portfolio(35) | 5.9% | 9,478 | 57,472 | 03/19/2018 | |||
Property | 3.01 | 320 West 49th Street | 0.5% | 03/19/2018 | |||||
Property | 3.02 | 324 West 49th Street | 0.5% | 03/19/2018 | |||||
Property | 3.03 | 340 West 49th Street | 0.5% | 03/19/2018 | |||||
Property | 3.04 | 326 West 49th Street | 0.5% | 03/19/2018 | |||||
Property | 3.05 | 338 West 49th Street | 0.5% | 03/19/2018 | |||||
Property | 3.06 | 332 West 49th Street | 0.5% | 03/19/2018 | |||||
Property | 3.07 | 318 West 49th Street | 0.4% | 03/19/2018 | |||||
Property | 3.08 | 322 West 49th Street | 0.4% | 03/19/2018 | |||||
Property | 3.09 | 330 West 49th Street | 0.4% | 03/19/2018 | |||||
Property | 3.1 | 334 West 49th Street | 0.4% | 03/19/2018 | |||||
Property | 3.11 | 328 West 49th Street | 0.4% | 03/19/2018 | |||||
Property | 3.12 | 336 West 49th Street | 0.3% | 03/19/2018 | |||||
Property | 3.13 | 308 West 49th Street | 0.3% | 03/19/2018 | |||||
Property | 3.14 | 310 West 49th Street | 0.3% | 03/19/2018 | |||||
Loan | 4 | 175 Park Avenue(2)(31) | 4.9% | Springing | 6,133 | 1,788,075 | Rent Abatement Reserve | 04/06/2018 | |
Loan | 5 | Zenith Ridge(2) | 4.9% | Springing | 2,335,949 | Outstanding TI/LC Funds ($1,445,533); Rent Concession Funds ($890,416) | 07/02/2018 | ||
Loan | 6 | Buckeye Corrugated | 4.6% | Springing | Springing | Lease Sweep Funds (Monthly Springing: Excess Cash Flow); Quarterly Rent Reserve (Monthly: Springing) | Various | ||
Property | 6.01 | Buckeye Division | 1.2% | 04/06/2018 | |||||
Property | 6.02 | All-Size Division | 0.9% | 04/09/2018 | |||||
Property | 6.03 | Tennessee Division | 0.9% | 04/06/2018 | |||||
Property | 6.04 | Kock Division | 0.6% | 04/06/2018 | |||||
Property | 6.05 | Cra-Wal Division | 0.5% | 04/10/2018 | |||||
Property | 6.06 | Dakota Division | 0.4% | 04/06/2018 | |||||
Loan | 7 | Centennial I & II | 4.6% | 4,704 | 10,322,952 | Centennial I General Building Repairs Reserve ($1,940,000); Centennial I & II HVAC Repair Reserve ($1,920,000); Centennial I & II Elevator Repairs Reserve ($1,800,000); Centennial I DSHS TI/LC Reserve ($1,499,547); Employment Security Department TI/LC Reserve ($1,215,760); Centennial II General Building Repairs Reserve ($940,000); Centennial I DSHS Rent Concession Reserve ($707,283); Centennial II DSHS TI/LC Reserve ($178,484); Employment Security Department Rent Concession Reserve ($121,878) | 05/10/2018 | ||
Loan | 8 | NoLIta Multifamily Portfolio | 4.5% | 2,506 | 216,000 | Leasing Reserve (Upfront: $216,000) | |||
Property | 8.01 | 26 Prince Street | 1.7% | 04/17/2018 | |||||
Property | 8.02 | 29 Prince Street | 1.5% | 04/17/2018 | |||||
Property | 8.03 | 137 Thompson Street | 1.3% | 04/17/2018 | |||||
Loan | 9 | Playa Largo(2) | 4.2% | 19,747 | 04/13/2018 | ||||
Loan | 10 | Alabama Hotel Portfolio | 4.0% | Springing | Springing | PIP Reserve | 06/04/2018 | ||
Property | 10.01 | Embassy Suites - Birmingham | 2.8% | 06/04/2018 | |||||
Property | 10.02 | Springhill Suites - Tuscaloosa | 1.2% | 06/04/2018 | |||||
Loan | 11 | Walmart Supercenter Teterboro | 3.5% | Springing | Springing | Lease Sweep Funds (Monthly Springing: Excess Cash Flow) | 03/26/2018 | ||
Loan | 12 | Sully Station Shopping Center | 3.5% | 1,726 | 3,500,000 | GlowZone Holdback (Upfront; $2,000,000); GlowZone Buildout Reserve (Upfront: $1,500,000) | 06/26/2018 | ||
Loan | 13 | Bear Creek Apartments | 3.4% | 5,057 | 660,400 | Designated Replacement Reserve | 06/13/2018 | ||
Loan | 14 | Riverwalk(2)(21) | 2.8% | Springing | 124,344 | Free Rent Reserve (Upfront: $124,344) | 04/26/2018 | ||
Loan | 15 | CityLine Ann Arbor & Clinton Portfolio | 2.2% | 2,008 | Various | ||||
Property | 15.01 | Ann Arbor Self Storage | 1.4% | 05/10/2018 | |||||
Property | 15.02 | Clinton Self Storage | 0.8% | 05/09/2018 | |||||
Loan | 16 | Homestead TownePlace Suites | 2.0% | Springing | 11,500 | Springing | Seasonal Working Capital (Upfront: $11,500; Monthly: Springing) | 05/16/2018 | |
Loan | 17 | Interstate Plaza | 1.8% | 3,243 | 7,875 | 401,574 | Unfunded Obligations Reserve (Upfront: $355,750); Free Rent Reserve (Upfront: $11,048); Gap Rent Reserve (Upfront: $34,776) | 05/21/2018 | |
Loan | 18 | Edgewater Village Shopping Center(37) | 1.7% | 5,359 | 05/22/2018 | ||||
Loan | 19 | Fordham Green Apartments | 1.7% | Springing | 11,040 | 06/01/2018 | |||
Loan | 20 | CityLine Rochester & Lansing Portfolio | 1.7% | 1,442 | 05/10/2018 | ||||
Property | 20.01 | Rochester Mini Storage | 1.1% | 05/10/2018 | |||||
Property | 20.02 | Lansing Self Storage | 0.6% | 05/10/2018 | |||||
Loan | 21 | Southpointe Square | 1.6% | Springing | 407,879 | 05/30/2018 | |||
Loan | 22 | Rohnert Park Center | 1.5% | 6,916 | 18,750 | Springing | Lease Sweep Funds (Monthly: Springing) | 04/04/2018 | |
Loan | 23 | 12-01 44th Avenue(37) | 1.5% | 5,499 | 3,449,663 | Cash Out Reserve ($1,250,000); Free Rent Reserve ($918,225); Wirecutter Reserve ($720,000); Construction Reserve ($561,438) | 03/29/2018 | ||
Loan | 24 | Pangea 20(37) | 1.5% | 3,246 | 06/19/2018 | ||||
Property | 24.01 | 5501 West Washington Boulevard | 1.2% | 06/19/2018 | |||||
Property | 24.02 | 14110 South Atlantic Avenue | 0.1% | 06/19/2018 | |||||
Property | 24.03 | 1475 State Street | 0.1% | 06/19/2018 | |||||
Property | 24.04 | 4206 Lindenwood Drive | 0.1% | 06/19/2018 | |||||
Property | 24.05 | 8901 South Cottage Grove Avenue | 0.1% | 06/19/2018 | |||||
Loan | 25 | Palmhurst Village(37) | 1.4% | 5,676 | 25,160 | Rainbow Reserve Funds | 07/09/2018 | ||
Loan | 26 | Kinston Portfolio(36) | 1.4% | 6,586 | 17,688 | 2,367,292 | Springing | PIP Reserve (Upfront: $2,367,292); Seasonality Reserve (Monthly: Springing); Franchise Sweep Reserve (Monthly Springing: Excess Cash Flow) | 02/06/2018 |
Property | 26.01 | Hampton Inn – Kinston | 0.8% | 02/06/2018 | |||||
Property | 26.02 | Holiday Inn Express & Suites – Kinston | 0.6% | 02/06/2018 | |||||
Loan | 27 | Mac Phail Crossing | 1.3% | 482 | 14,641 | Parking Rent Reserve (Upfront: $14,641) | 04/26/2018 | ||
Loan | 28 | Wisteria Village | 1.3% | 1,817 | 2,730 | 3,850 | Springing | Free Rent Reserve (Upfront: $3,850); Lease Sweep Funds (Monthly Springing: Excess Cash Flow) | 02/13/2018 |
Loan | 29 | Fredericksburg Place(36) | 1.2% | 6,328 | 19,375 | 05/02/2018 | |||
Loan | 30 | Lockaway Storage - Schertz | 1.1% | 588 | 06/19/2018 | ||||
Loan | 31 | 1503 Jefferson & 406 Cornelia | 1.1% | 487 | 1,000,000 | Earnout Reserve | 05/17/2018 | ||
Loan | 32 | Hampton Inn Port Charlotte | 1.0% | 5,406 | 05/15/2018 | ||||
Loan | 33 | Cliffs of Macon | 1.0% | Springing | 02/05/2018 | ||||
Loan | 34 | Hampton Inn & Suites Tucson Mall | 0.8% | 3,543 | 722,941 | Springing | Seasonality Reserve (Upfront: $145,000; Monthly: Springing); PIP Reserve (Upfront: $577,941); Franchise Agreement Collateral Reserve (Monthly: Springing) | 05/21/2018 | |
Loan | 35 | Wheeler SC-GA Portfolio | 0.8% | Springing | 457,936 | Springing | Lease Sweep Funds (Monthly Springing: Excess Cash Flow) | Various |
A-1-15
CD 2018-CD7
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | Monthly | Upfront | Upfront | Monthly | Other | Environmental | |||
Initial Pool | Insurance | Engineering | Other | Other | Reserves | Report | |||
Property Flag | ID | Property Name | Balance | Reserves ($)(28) | Reserve($)(27) | Reserves(27) | Reserves ($)(28)(29) | Description | Date(32)(33) |
Property | 35.01 | LaGrange | 0.4% | 05/29/2018 | |||||
Property | 35.02 | Georgetown | 0.3% | 07/16/2018 | |||||
Property | 35.03 | Ridgeland Center | 0.1% | 05/29/2018 | |||||
Loan | 36 | Lakeville Townhomes | 0.8% | 8,521 | 258,921 | 06/15/2018 | |||
Loan | 37 | Maricopa Marketplace | 0.7% | 927 | 06/12/2018 | ||||
Loan | 38 | Lockaway Storage - Airport | 0.7% | 502 | 06/19/2018 | ||||
Loan | 39 | TownePlace Suites Tucson | 0.7% | 2,942 | 1,794,876 | Springing | Seasonality Reserve (Upfront: $104,397; Monthly: Springing); PIP Reserve (Upfront: $1,690,479); Franchise Agreement Collateral Reserve (Monthly: Springing) | 05/21/2018 | |
Loan | 40 | Fairfield Inn DFW Airport South Irving | 0.6% | 5,040 | Springing | PIP Reserve | 06/13/2018 | ||
Loan | 41 | Pointe Professional Center | 0.5% | 1,795 | 05/17/2018 | ||||
Loan | 42 | Kris Kay MHC | 0.5% | Springing | 05/17/2018 |
A-1-16
CD 2018-CD7
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | Franchise | |||||||
Initial Pool | Engineering | Expiration | Loan | |||||
Property Flag | ID | Property Name | Balance | Report Date | Date | Purpose | Sponsor(26) | Guarantor(34) |
Loan | 1 | Aventura Mall(2)(35) | 8.4% | 04/27/2018 | NAP | Refinance | Simon Property Group, L.P.; Jacquelyn Soffer; Jeffrey Soffer | Simon Property Group, L.P.; Jacquelyn Soffer; Jeffrey Soffer |
Loan | 2 | Bank of America Center(2)(36) | 7.0% | 05/24/2018 | NAP | Refinance | Gerard Alexander Sponsor LLC | Gerard Alexander Sponsor LLC |
Loan | 3 | Westside NYC Multifamily Portfolio(35) | 5.9% | 03/19/2018 | Refinance | Joshua Gotlib | Joshua Gotlib | |
Property | 3.01 | 320 West 49th Street | 0.5% | 03/19/2018 | NAP | |||
Property | 3.02 | 324 West 49th Street | 0.5% | 03/19/2018 | NAP | |||
Property | 3.03 | 340 West 49th Street | 0.5% | 03/19/2018 | NAP | |||
Property | 3.04 | 326 West 49th Street | 0.5% | 03/19/2018 | NAP | |||
Property | 3.05 | 338 West 49th Street | 0.5% | 03/19/2018 | NAP | |||
Property | 3.06 | 332 West 49th Street | 0.5% | 03/19/2018 | NAP | |||
Property | 3.07 | 318 West 49th Street | 0.4% | 03/19/2018 | NAP | |||
Property | 3.08 | 322 West 49th Street | 0.4% | 03/19/2018 | NAP | |||
Property | 3.09 | 330 West 49th Street | 0.4% | 03/19/2018 | NAP | |||
Property | 3.1 | 334 West 49th Street | 0.4% | 03/19/2018 | NAP | |||
Property | 3.11 | 328 West 49th Street | 0.4% | 03/19/2018 | NAP | |||
Property | 3.12 | 336 West 49th Street | 0.3% | 03/19/2018 | NAP | |||
Property | 3.13 | 308 West 49th Street | 0.3% | 03/19/2018 | NAP | |||
Property | 3.14 | 310 West 49th Street | 0.3% | 03/19/2018 | NAP | |||
Loan | 4 | 175 Park Avenue(2)(31) | 4.9% | 04/06/2018 | NAP | Refinance | Hampshire Partners Fund VIII, L.P. | Hampshire Partners Fund VIII, L.P. |
Loan | 5 | Zenith Ridge(2) | 4.9% | 07/02/2018 | NAP | Refinance | James D. Scalo; John F. Scalo; Charles R. Zappala; John J. Verbanac | James D. Scalo; John F. Scalo; Charles R. Zappala; John J. Verbanac |
Loan | 6 | Buckeye Corrugated | 4.6% | 06/06/2018 | Acquisition | LCN North American Fund II REIT | LCN North American Fund II REIT | |
Property | 6.01 | Buckeye Division | 1.2% | 06/06/2018 | NAP | |||
Property | 6.02 | All-Size Division | 0.9% | 06/06/2018 | NAP | |||
Property | 6.03 | Tennessee Division | 0.9% | 06/06/2018 | NAP | |||
Property | 6.04 | Kock Division | 0.6% | 06/06/2018 | NAP | |||
Property | 6.05 | Cra-Wal Division | 0.5% | 06/06/2018 | NAP | |||
Property | 6.06 | Dakota Division | 0.4% | 06/06/2018 | NAP | |||
Loan | 7 | Centennial I & II | 4.6% | 05/10/2018 | NAP | Acquisition | Bart C. Warner; BCW-B9, LLC | Bart C. Warner; BCW-B9, LLC |
Loan | 8 | NoLIta Multifamily Portfolio | 4.5% | Refinance | Edmond Li; Jennifer Li | Edmond Li; Jennifer Li | ||
Property | 8.01 | 26 Prince Street | 1.7% | 04/17/2018 | NAP | |||
Property | 8.02 | 29 Prince Street | 1.5% | 04/17/2018 | NAP | |||
Property | 8.03 | 137 Thompson Street | 1.3% | 04/17/2018 | NAP | |||
Loan | 9 | Playa Largo(2) | 4.2% | 04/13/2018 | 08/31/2041 | Refinance | Lance T. Shaner; Lance T. Shaner, as trustee of Lance T. Shaner Revocable Trust Dated December 5, 2012; Prime Hospitality Group, LLC | Lance T. Shaner; Lance T. Shaner, as trustee of Lance T. Shaner Revocable Trust Dated December 5, 2012; Prime Hospitality Group, LLC |
Loan | 10 | Alabama Hotel Portfolio | 4.0% | 06/01/2018 | Refinance | Chiman S. Patel | Chiman S. Patel | |
Property | 10.01 | Embassy Suites - Birmingham | 2.8% | 06/01/2018 | 08/21/2028 | |||
Property | 10.02 | Springhill Suites - Tuscaloosa | 1.2% | 06/01/2018 | 07/21/2035 | |||
Loan | 11 | Walmart Supercenter Teterboro | 3.5% | 03/22/2018 | NAP | Acquisition | Brian E. Bergersen | Brian E. Bergersen |
Loan | 12 | Sully Station Shopping Center | 3.5% | 06/26/2018 | NAP | Refinance | Alfred H. Moses | Alfred H. Moses |
Loan | 13 | Bear Creek Apartments | 3.4% | 06/15/2018 | NAP | Acquisition | Derron M. Sanders; The Derron M. Sanders Trust of January 5, 2001 | Derron M. Sanders; The Derron M. Sanders Trust of January 5, 2001 |
Loan | 14 | Riverwalk(2)(21) | 2.8% | 04/26/2018 | NAP | Refinance | Salvatore N. Lupoli | Salvatore N. Lupoli |
Loan | 15 | CityLine Ann Arbor & Clinton Portfolio | 2.2% | 05/10/2018 | Acquisition | George Thacker; Lawrence Charles Kaplan; Richard Schontz | George Thacker; Lawrence Charles Kaplan; Richard Schontz | |
Property | 15.01 | Ann Arbor Self Storage | 1.4% | 05/10/2018 | NAP | |||
Property | 15.02 | Clinton Self Storage | 0.8% | 05/10/2018 | NAP | |||
Loan | 16 | Homestead TownePlace Suites | 2.0% | 06/22/2018 | 11/17/2036 | Refinance | Prime Hospitality Group, LLC | Prime Hospitality Group, LLC |
Loan | 17 | Interstate Plaza | 1.8% | 05/21/2018 | NAP | Acquisition | Richard A. Papapietro, Jr.; Richard A. Papapietro, Jr. Separate Property Revocable Trust, Dated June 14, 2017 | Richard A. Papapietro, Jr.; Richard A. Papapietro, Jr. Separate Property Revocable Trust, Dated June 14, 2017 |
Loan | 18 | Edgewater Village Shopping Center(37) | 1.7% | 05/21/2018 | NAP | Refinance | Marc Reinisch | Marc Reinisch |
Loan | 19 | Fordham Green Apartments | 1.7% | 05/30/2018 | NAP | Refinance | LSG Enterprises LLC | LSG Enterprises LLC |
Loan | 20 | CityLine Rochester & Lansing Portfolio | 1.7% | 05/10/2018 | Acquisition | George Thacker; Lawrence Charles Kaplan; Richard Schontz | George Thacker; Lawrence Charles Kaplan; Richard Schontz | |
Property | 20.01 | Rochester Mini Storage | 1.1% | 05/10/2018 | NAP | |||
Property | 20.02 | Lansing Self Storage | 0.6% | 05/10/2018 | NAP | |||
Loan | 21 | Southpointe Square | 1.6% | 05/30/2018 | NAP | Recapitalization | LSG Enterprises LLC | LSG Enterprises LLC |
Loan | 22 | Rohnert Park Center | 1.5% | 04/03/2018 | NAP | Refinance | Yianni Michaelides; Victoria Michaelides | Yianni Michaelides; Victoria Michaelides |
Loan | 23 | 12-01 44th Avenue(37) | 1.5% | 03/28/2018 | NAP | Refinance | Peter Papamichael; Mega Contracting Group LLC | Peter Papamichael; Mega Contracting Group LLC |
Loan | 24 | Pangea 20(37) | 1.5% | 06/19/2018 | Recapitalization | Pangea Properties | Pangea Properties | |
Property | 24.01 | 5501 West Washington Boulevard | 1.2% | 06/19/2018 | NAP | |||
Property | 24.02 | 14110 South Atlantic Avenue | 0.1% | 06/19/2018 | NAP | |||
Property | 24.03 | 1475 State Street | 0.1% | 06/19/2018 | NAP | |||
Property | 24.04 | 4206 Lindenwood Drive | 0.1% | 06/19/2018 | NAP | |||
Property | 24.05 | 8901 South Cottage Grove Avenue | 0.1% | 06/19/2018 | NAP | |||
Loan | 25 | Palmhurst Village(37) | 1.4% | 07/06/2018 | NAP | Refinance | Thomas O. Turner | Thomas O. Turner |
Loan | 26 | Kinston Portfolio(36) | 1.4% | 02/05/2018 | Acquisition | Narendra Patel; Rajesh R. Patel; Hetal Patel; Kalpesh S. Patel; Prashant N. Patel | Narendra Patel; Rajesh R. Patel; Hetal Patel; Kalpesh S. Patel; Prashant N. Patel | |
Property | 26.01 | Hampton Inn – Kinston | 0.8% | 02/05/2018 | 03/31/2033 | |||
Property | 26.02 | Holiday Inn Express & Suites – Kinston | 0.6% | 02/05/2018 | 03/26/2028 | |||
Loan | 27 | Mac Phail Crossing | 1.3% | 04/25/2018 | NAP | Refinance | Robert V. Gothier, Jr.; Robert V. Gothier, Sr.; Peter A. Paturzo, Jr. | Robert V. Gothier, Jr.; Robert V. Gothier, Sr.; Peter A. Paturzo, Jr. |
Loan | 28 | Wisteria Village | 1.3% | 02/14/2018 | NAP | Refinance | Jacob Khotoveli | Jacob Khotoveli |
Loan | 29 | Fredericksburg Place(36) | 1.2% | 05/02/2018 | NAP | Acquisition | John Anca; Benjamin Anca; Traian Andresi | John Anca; Benjamin Anca; Traian Andresi |
Loan | 30 | Lockaway Storage - Schertz | 1.1% | 06/19/2018 | NAP | Refinance | Donald Clauson | Donald Clauson |
Loan | 31 | 1503 Jefferson & 406 Cornelia | 1.1% | 05/17/2018 | NAP | Refinance | Moshe Silberstein; Benjamin Silberstein | Moshe Silberstein; Benjamin Silberstein |
Loan | 32 | Hampton Inn Port Charlotte | 1.0% | 06/15/2018 | 04/21/2031 | Refinance | Milit Amin; Anant Patel | Milit Amin; Anant Patel |
Loan | 33 | Cliffs of Macon | 1.0% | 02/05/2018 | NAP | Refinance | Craig A. Stansberry | Craig A. Stansberry |
Loan | 34 | Hampton Inn & Suites Tucson Mall | 0.8% | 05/21/2018 | 02/23/2032 | Refinance | BWL Investments, L.L.C. | BWL Investments, L.L.C. |
Loan | 35 | Wheeler SC-GA Portfolio | 0.8% | 05/29/2018 | Refinance | Wheeler Real Estate Investment Trust, Inc. | Wheeler Real Estate Investment Trust, Inc. |
A-1-17
CD 2018-CD7
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | Franchise | |||||||
Initial Pool | Engineering | Expiration | Loan | |||||
Property Flag | ID | Property Name | Balance | Report Date | Date | Purpose | Sponsor(26) | Guarantor(34) |
Property | 35.01 | LaGrange | 0.4% | 05/29/2018 | NAP | |||
Property | 35.02 | Georgetown | 0.3% | 05/29/2018 | NAP | |||
Property | 35.03 | Ridgeland Center | 0.1% | 05/29/2018 | NAP | |||
Loan | 36 | Lakeville Townhomes | 0.8% | 06/15/2018 | NAP | Refinance | Brian N. Becker; Robert A. Siegel | Brian N. Becker; Robert A. Siegel |
Loan | 37 | Maricopa Marketplace | 0.7% | 06/27/2018 | NAP | Acquisition | Jeffrey D. Levine; Mark Schulman | Jeffrey D. Levine; Mark Schulman |
Loan | 38 | Lockaway Storage - Airport | 0.7% | 06/19/2018 | NAP | Refinance | Donald Clauson | Donald Clauson |
Loan | 39 | TownePlace Suites Tucson | 0.7% | 05/21/2018 | 07/09/2034 | Refinance | BWL Investments, L.L.C. | BWL Investments, L.L.C. |
Loan | 40 | Fairfield Inn DFW Airport South Irving | 0.6% | 06/13/2018 | 01/14/2031 | Refinance | Mohib Masani; Moez Nurani; Amirdin Masani | Mohib Masani; Moez Nurani; Amirdin Masani |
Loan | 41 | Pointe Professional Center | 0.5% | 05/16/2018 | NAP | Refinance | Vincent Brennan; Albert A. Iafrate | Vincent Brennan; Albert A. Iafrate |
Loan | 42 | Kris Kay MHC | 0.5% | 05/17/2018 | NAP | Acquisition | William Connell; Austin Baidas | William Connell; Austin Baidas |
A-1-18
CD 2018-CD7
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | Existing | Existing | Future Debt | |||||||
Initial Pool | Additional Sub Debt | Additional Sub Debt | Permitted | |||||||
Property Flag | ID | Property Name | Balance | Previous Securitization | Non-Trust Pari Passu Original Balance | Non-Trust Pari Passu Cut-off Date Balance | Non-Trust Pari Passu Balloon Balance | Amount | Description | Type |
Loan | 1 | Aventura Mall(2)(35) | 8.4% | AVMT 2013-AVM | 1,346,700,000 | 1,346,700,000 | 1,346,700,000 | 343,300,000 | B Note | NAP |
Loan | 2 | Bank of America Center(2)(36) | 7.0% | 10,000,000 | 10,000,000 | 10,000,000 | 23,500,000 | Mezzanine | NAP | |
Loan | 3 | Westside NYC Multifamily Portfolio(35) | 5.9% | 53,000,000 | B Note | NAP | ||||
Property | 3.01 | 320 West 49th Street | 0.5% | |||||||
Property | 3.02 | 324 West 49th Street | 0.5% | |||||||
Property | 3.03 | 340 West 49th Street | 0.5% | |||||||
Property | 3.04 | 326 West 49th Street | 0.5% | |||||||
Property | 3.05 | 338 West 49th Street | 0.5% | |||||||
Property | 3.06 | 332 West 49th Street | 0.5% | |||||||
Property | 3.07 | 318 West 49th Street | 0.4% | |||||||
Property | 3.08 | 322 West 49th Street | 0.4% | |||||||
Property | 3.09 | 330 West 49th Street | 0.4% | |||||||
Property | 3.1 | 334 West 49th Street | 0.4% | |||||||
Property | 3.11 | 328 West 49th Street | 0.4% | |||||||
Property | 3.12 | 336 West 49th Street | 0.3% | |||||||
Property | 3.13 | 308 West 49th Street | 0.3% | |||||||
Property | 3.14 | 310 West 49th Street | 0.3% | |||||||
Loan | 4 | 175 Park Avenue(2)(31) | 4.9% | COMM 2013-CCRE8 | 50,000,000 | 50,000,000 | 50,000,000 | None | Preferred Equity | |
Loan | 5 | Zenith Ridge(2) | 4.9% | 55,000,000 | 55,000,000 | 50,497,335 | None | NAP | ||
Loan | 6 | Buckeye Corrugated | 4.6% | None | NAP | |||||
Property | 6.01 | Buckeye Division | 1.2% | |||||||
Property | 6.02 | All-Size Division | 0.9% | |||||||
Property | 6.03 | Tennessee Division | 0.9% | |||||||
Property | 6.04 | Kock Division | 0.6% | |||||||
Property | 6.05 | Cra-Wal Division | 0.5% | |||||||
Property | 6.06 | Dakota Division | 0.4% | |||||||
Loan | 7 | Centennial I & II | 4.6% | JPMCC 2007-C1 | None | NAP | ||||
Loan | 8 | NoLIta Multifamily Portfolio | 4.5% | None | NAP | |||||
Property | 8.01 | 26 Prince Street | 1.7% | |||||||
Property | 8.02 | 29 Prince Street | 1.5% | |||||||
Property | 8.03 | 137 Thompson Street | 1.3% | |||||||
Loan | 9 | Playa Largo(2) | 4.2% | 60,000,000 | 60,000,000 | 52,103,725 | None | NAP | ||
Loan | 10 | Alabama Hotel Portfolio | 4.0% | None | NAP | |||||
Property | 10.01 | Embassy Suites - Birmingham | 2.8% | JPMBB 2013-C14 | ||||||
Property | 10.02 | Springhill Suites - Tuscaloosa | 1.2% | |||||||
Loan | 11 | Walmart Supercenter Teterboro | 3.5% | None | NAP | |||||
Loan | 12 | Sully Station Shopping Center | 3.5% | None | NAP | |||||
Loan | 13 | Bear Creek Apartments | 3.4% | WFRBS 2012-C7 | None | NAP | ||||
Loan | 14 | Riverwalk(2)(21) | 2.8% | 60,700,000 | 60,700,000 | 53,941,179 | None | NAP | ||
Loan | 15 | CityLine Ann Arbor & Clinton Portfolio | 2.2% | None | NAP | |||||
Property | 15.01 | Ann Arbor Self Storage | 1.4% | WSBAM 2016-C28 | ||||||
Property | 15.02 | Clinton Self Storage | 0.8% | WSBAM 2016-C26, WFRBS 2012-C8 | ||||||
Loan | 16 | Homestead TownePlace Suites | 2.0% | None | NAP | |||||
Loan | 17 | Interstate Plaza | 1.8% | None | NAP | |||||
Loan | 18 | Edgewater Village Shopping Center(37) | 1.7% | None | Mezzanine | |||||
Loan | 19 | Fordham Green Apartments | 1.7% | FREMF 2016-KF22 | None | NAP | ||||
Loan | 20 | CityLine Rochester & Lansing Portfolio | 1.7% | None | NAP | |||||
Property | 20.01 | Rochester Mini Storage | 1.1% | |||||||
Property | 20.02 | Lansing Self Storage | 0.6% | MSBAM 2015-C26 | ||||||
Loan | 21 | Southpointe Square | 1.6% | None | NAP | |||||
Loan | 22 | Rohnert Park Center | 1.5% | None | NAP | |||||
Loan | 23 | 12-01 44th Avenue(37) | 1.5% | None | Mezzanine | |||||
Loan | 24 | Pangea 20(37) | 1.5% | None | Mezzanine | |||||
Property | 24.01 | 5501 West Washington Boulevard | 1.2% | |||||||
Property | 24.02 | 14110 South Atlantic Avenue | 0.1% | |||||||
Property | 24.03 | 1475 State Street | 0.1% | |||||||
Property | 24.04 | 4206 Lindenwood Drive | 0.1% | |||||||
Property | 24.05 | 8901 South Cottage Grove Avenue | 0.1% | |||||||
Loan | 25 | Palmhurst Village(37) | 1.4% | None | Mezzanine | |||||
Loan | 26 | Kinston Portfolio(36) | 1.4% | 1,104,500 | Mezzanine | NAP | ||||
Property | 26.01 | Hampton Inn – Kinston | 0.8% | |||||||
Property | 26.02 | Holiday Inn Express & Suites – Kinston | 0.6% | |||||||
Loan | 27 | Mac Phail Crossing | 1.3% | None | NAP | |||||
Loan | 28 | Wisteria Village | 1.3% | None | NAP | |||||
Loan | 29 | Fredericksburg Place(36) | 1.2% | RAIT 2016-FL6 | 900,000 | Mezzanine | NAP | |||
Loan | 30 | Lockaway Storage - Schertz | 1.1% | LNSTR 2016-4 | None | NAP | ||||
Loan | 31 | 1503 Jefferson & 406 Cornelia | 1.1% | None | NAP | |||||
Loan | 32 | Hampton Inn Port Charlotte | 1.0% | None | NAP | |||||
Loan | 33 | Cliffs of Macon | 1.0% | None | NAP | |||||
Loan | 34 | Hampton Inn & Suites Tucson Mall | 0.8% | None | NAP | |||||
Loan | 35 | Wheeler SC-GA Portfolio | 0.8% | None | NAP |
A-1-19
CD 2018-CD7
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | Existing | Existing | Future Debt | |||||||
Initial Pool | Additional Sub Debt | Additional Sub Debt | Permitted | |||||||
Property Flag | ID | Property Name | Balance | Previous Securitization | Non-Trust Pari Passu Original Balance | Non-Trust Pari Passu Cut-off Date Balance | Non-Trust Pari Passu Balloon Balance | Amount | Description | Type |
Property | 35.01 | LaGrange | 0.4% | |||||||
Property | 35.02 | Georgetown | 0.3% | |||||||
Property | 35.03 | Ridgeland Center | 0.1% | |||||||
Loan | 36 | Lakeville Townhomes | 0.8% | None | NAP | |||||
Loan | 37 | Maricopa Marketplace | 0.7% | JPMCC 2007-LDP12 | None | NAP | ||||
Loan | 38 | Lockaway Storage - Airport | 0.7% | None | NAP | |||||
Loan | 39 | TownePlace Suites Tucson | 0.7% | None | NAP | |||||
Loan | 40 | Fairfield Inn DFW Airport South Irving | 0.6% | None | NAP | |||||
Loan | 41 | Pointe Professional Center | 0.5% | None | NAP | |||||
Loan | 42 | Kris Kay MHC | 0.5% | None | NAP |
A-1-20
CD 2018-CD7 | |
FOOTNOTES TO ANNEX A-1 | |
(1) | CCRE—Cantor Commercial Real Estate Lending, L.P. or one of its affiliates; GACC—German American Capital Corporation or one of its affiliates; SMF II— Starwood Mortgage Funding II LLC or one of its affiliates; CREFI— Citi Real Estate Funding Inc. or one of its affiliates. |
(2) | With respect to the pari passu loans referenced below, the Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area (SF/Units/Pads/Rooms) ($) are calculated based on the Mortgage Loan included in the issuing entity and the related pari passu companion loans in the aggregate and exclude the mezzanine debt. For additional information see “Description of the Mortgage Pool – The Whole Loans – General – Whole Loan Control Notes and Non-Control Notes” in this preliminary prospectus. |
· Loan No. 1 – Aventura Mall | |
· Loan No. 2 – Bank of America Center | |
· Loan No. 4 – 175 Park Avenue | |
· Loan No. 5 – Zenith Ridge | |
· Loan No. 9 – Playa Largo | |
· Loan No. 14 – Riverwalk | |
(3) | With respect to any Mortgaged Property securing a multi-property Mortgage Loan, the amounts listed under the headings “Original Balance ($)” and “Cut-off Date Balance ($)” reflect the Allocated Loan Amount related to such Mortgaged Property. |
(4) | Office | Retail | Industrial | |||||||||
Loan No. | Mortgage Loan | NRA | NRA | Occ. | % of GPR | NRA | Occ. | % of GPR | Units | Occ. | % of GPR | |
(sq. ft.) | (sq. ft.) | |||||||||||
14 | Riverwalk | 630,379 | 494,209 | 91.4% | 83.6% | 65,486 | 96.9% | 9.1% | 70,684 | 100.0% | 7.3% |
(5) | The Administrative Fee Rate includes the respective per annum rates applicable to the calculation of the servicing fee, any sub-servicing fee, trustee/certificate administrator fee, operating advisor fee and CREFC®license fee with respect to each Mortgage Loan. For purposes of this Annex A-1, the definition of Administrative Fee Rate as it relates to any Non-Serviced Mortgage Loan includes the relatedPari PassuLoan Primary Servicing Fee Rate which includes the “primary servicing fee rate” (as defined or set forth in the applicable pooling and servicing agreement) and any other related servicing or any sub-servicing fee rate (other than those payable to the applicable special servicer) applicable to such Non-Serviced Mortgage Loan that constitutes a portion of the “servicing fee rate” applicable to the other master servicer under the applicable other pooling and servicing agreement. See“Summary of Terms – Offered Certificates – Servicing and Administration Fees – Non-Serviced Whole Loans” in this preliminary prospectus. |
(6) | Loan No. 26 – Kinston Portfolio – The Kinston Portfolio Mortgage Loan amortizes on a planned amortization schedule provided in this prospectus supplement. As such, the Cut-off Date Balance ($), Maturity or ARD Balance ($), Monthly Debt Service ($), Underwritten NOI DSCR and Underwritten NCF DSCR all reflect this fixed amortization schedule, which is set forth in Annex F in this preliminary prospectus. The amount of monthly debt service shown in Annex A-1 was calculated using the average of principal and interest payments over the first 12 months following the Cut-off Date. Underwritten NOI DSCR and Underwritten NCF DSCR were calculated using the average monthly debt service previously stated. |
Loan No. 29 – Fredericksburg Place – Following an initial 24-month, interest only period, the Fredericksburg Place Mortgage Loan amortizes on a planned amortization schedule which is set forth in Annex G in this preliminary prospectus. As such, the Cut-off Date Balance ($), Maturity or ARD Balance ($), Monthly Debt Service ($), Underwritten NOI DSCR and Underwritten NCF DSCR all reflect this fixed amortization schedule. The amount of monthly debt service shown in Annex A-1 was calculated using the average of principal and interest payments over the first 12 months following the initial interest only period. Underwritten NOI DSCR and Underwritten NCF DSCR were calculated using the average monthly debt service previously stated. |
A-1-21
(7) | Annual Debt Service ($), Monthly Debt Service ($), Underwritten NOI DSCR and Underwritten NCF DSCR for Mortgage Loans (i) with partial interest only periods are shown based on the monthly debt service payment immediately following the expiration of the interest only period and (ii) that are interest only until the related maturity date is shown based on the interest only payments during the 12-month period following the Cut-off Date (or, in the case of Monthly Debt Service ($), the average of such interest only payments) without regard to leap year adjustments. |
(8) | “Hard” generally means each tenant is required to transfer its rent directly to the lender-controlled lockbox account. However, with respect to hospitality properties, “Hard” means all credit card receipts are deposited directly into the lockbox by the card processing company and all over-the-counter cash and equivalents are required to be deposited by the property manager or borrower into the lockbox. “Soft” means the borrower has established a lockbox account that will be under lender control and the borrower or property manager is required to collect rents from the tenants and then deposit those rents into such lockbox account. “Springing Soft” means that upon the occurrence of a trigger event (as specified in the related Mortgage Loan Documents), the borrower is required to establish a lockbox account that will be under lender control and the borrower or property manager is required to collect rents from the tenants and then deposit those rents into such lockbox account. “Springing Hard” means that upon a trigger event (as specified in the related Mortgage Loan Documents), each tenant will be required to transfer its rent directly to a lender-controlled lockbox. “Soft Springing Hard” means that the borrower has established a lockbox account that will be under lender control and the borrower or property manager is required to collect rents from the tenants and then deposit those rents into such lockbox account. Upon a trigger event (as specified in the related Mortgage Loan documents), each tenant will be required to transfer its rent directly into a lender-controlled lockbox. |
Loan No. 1 – Aventura Mall – The borrower has entered into a master lease with the guarantors and Turnberry Retail Holding, L.P. The master lease covers the spaces for 12 proposed tenants with leases out for signature which were not executed prior to origination. The Mortgage Loan is characterized as having a Soft Springing Hard Lockbox for rents from the master lease and a Hard Lockbox for the remaining tenants at the Mortgaged Property. Following the occurrence and during the continuance of either (i) an event of default, (ii) bankruptcy of borrower, (iii) bankruptcy of the property manager, or (iv) the period of time commencing on the date that the debt service coverage ratio (as calculated in the loan documents and based on the trailing four calendar quarters) falls below 1.35x for two consecutive quarters until cured in accordance with the loan documents, the borrower will be required to cause all master lease rents to be deposited directly into the lockbox account. | |
(9) | “In Place” means that related property cash flows go through a waterfall of required reserve or other payment amounts due before the lender either (i) disburses excess cash to the related borrower or (ii) retains excess cash as additional collateral for the Mortgage Loan. “Springing” means that upon the occurrence of a trigger event, as defined in the related Mortgage Loan Documents, In Place cash management (as described above) will take effect, and will generally continue until all trigger events are cured (to the extent a cure is permitted under the related Mortgage Loan Documents). |
(10) | With respect to the loans referenced below structured with A/B Notes, the Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area (SF/Units/Rooms/Pads) ($) calculations exclude the subordinate secured debt. |
· Loan No. 1 – Aventura Mall | |
· Loan No. 3 – Westside NYC Multifamily Portfolio | |
(11) | Loan No. 1 – Aventura Mall – The Underwritten NOI ($) is over 10% higher than Most Recent NOI ($). The increase in Underwritten NOI ($) over historical period is primarily driven by the inclusion of the executed leases on the new expansion parcel which opened in November 2017 and is based on the February 2018 annualized rent roll. U/W Base Rent also includes $1.3 million of ground rent paid by Bloomingdales, Macy’s, Macy’s Men’s & Home, and Nordstrom and approximately $3.4 million of master lease rent for current leases that are out for signature. Contractual rent steps were underwritten through June 2019 totaling approximately $6.5 million, including the $1.5 million contractual rent step for the executed renewal of Victoria’s Secret that is scheduled to occur in August 2019. |
Loan No. 2 – Bank of America Center – The Appraised Value ($) shown takes into account UW gross rent for the Bank of America office space of approximately $21.63 PSF. Bank of America’s current lease obligations for this space through 2022 are expense reimbursement payments, which only currently equate to approximately $697,447 per year ($8.81 PSF), approximately $12.82 PSF below gross market rent of approximately $21.63 PSF. At origination, the borrowers deposited approximately $4.1 million into a reduced rent reserve, which represents the difference between the contractual reimbursement payment and $21.63 PSF market rent for the Bank of America office space through lease expiration in 2022. | |
A-1-22
Loan No. 3 – Westside NYC Multifamily Potfolio – The Underwritten NOI ($) is over 10% higher than Most Recent NOI ($). The increase in Underwritten NOI ($) over historical period is primarily driven by the upside in rental rates resulting from the significant number of units that are currently leased at rent stabilized/rent controlled rents. Currently, 221 of the 272 units (82%) are leased at rent stabilized/rent controlled rents and the average rent per unit for the rent-stabilized/rent-controlled units are $2,166 versus the average rent per unit for the free market units of $2,946. | |
Loan No. 7 – Centennial I & II – The Underwritten NOI ($) is over 10% higher than Most Recent NOI ($). The increase during the trailing twelve month period is primarily due to (i) two recently executed leases totaling approximately 16.6% of NRA and $905,973 of underwritten base rent and (ii) the inclusion of contractual rent steps totaling $514,579 through September 2018. | |
Loan No. 14 – Riverwalk – The Underwritten NOI ($) is over 10% higher than Most Recent NOI ($). The increase in Underwritten NOI over historical period is primarily driven by (i) affiliate lease spaces that were not included in historical operating statements and (ii) recent leasing activity in 2018. Approximately 6.3% of NRA is leased to an affiliate of the borrower sponsor. | |
Loan No. 17 – Interstate Plaza – The Underwritten NOI ($) is over 10% higher than Most Recent NOI ($). The increase in Underwritten NOI over historical period is primarily driven from increased tenant reimbursements and rent steps. All of the tenants are on a triple-net reimbursement structure and reimburse their prorated share of real estate taxes, insurance, CAM, management fee and utilities. PetSmart historically had a CAM cap, which ended in 2017. 2018 is the first year that PetSmart will participate in reimbursements, which was factored into the underwriting. | |
Loan No. 24 – Pangea 20 –The Underwritten NOI ($) is over 10% higher than Most Recent NOI. The Mortgaged Properties were purchased by the borrower sponsor in several transactions between May 2015 and October 2017. Since acquisition, the sponsor has invested approximately $10.0 million ($44,101 per unit) in capital improvements. At completion of the acquisition in October 2017, the Mortgaged Properties were approximately 40% occupied. Renovations were completed in April 2018 and occupancy presently stands at 95.6%. Because the Mortgaged Properties were acquired and renovated during the trailing twelve month period, the operating history for some of the Mortgaged Properties does not reflect a normalized history. | |
Loan No. 25 – Palmhurst Village – The Underwritten NOI ($) is over 10% higher than Most Recent NOI. The Mortgaged Property was completed in late 2014, however, the sponsor pre-leased the anchor space to Ross Dress for Less (“Ross”) (33.6% of NRA; $240,000 of underwritten base rent) in early 2014. Following completion of its build out, Ross opened for business in 2015. Pursuant to its lease, Ross was not required to pay rent until the remaining space at the mortgaged property was at least 65% occupied and open for business, which occurred in July 2017. As a result, the cash flow increase in mid-2017 is not fully captured in the trailing twelve month period. Additionally, two new leases were signed that were similarly not fully captured in the trailing twelve month period: (i) J Merchants lease commenced in July 2017, representing 11,200 sq. ft., 12.5% of NRA and $103,741 of underwritten base rent and (ii) Rainbow’s lease commenced in January 2018, representing 5,032 sq. ft., 5.6% of NRA and $75,480 of underwritten base rent. | |
Loan No. 29 – Fredericksburg Place – The Underwritten NOI ($) is over 10% higher than Most Recent NOI ($). The property was previously subject to a Land Use Restrictive Agreement (“LURA”), that burned off in late 2015. Following the LURA expiration, rents for the low income units at the property reset to market rents as these units turned resulting in place increase in rents that has been ongoing since 2016. | |
Loan No. 32 – Hampton Inn Port Charlotte – The Underwritten NOI ($) is over 10% lower than Most Recent NOI ($). Historic NOI is overstated as it is missing the tax expense for information after 2015 as these were not reported by the seller. Underwritten tax expense reflects the 2017 tax bill amount. | |
(12) | The grace periods noted under “Grace Period” reflect the number of days of grace before a payment default is an event of default. Certain jurisdictions impose a statutorily longer grace period. Certain of the Mortgage Loans may additionally be subject to grace periods with respect to the occurrence of an event of default (other than a payment default) and/or commencement of late charges which are not addressed in Annex A-1 to this preliminary prospectus. |
A-1-23
(13) | Loan No. | Mortgage Loan Name | % of Initial Pool Balance | Cut-off Date LTV Ratio (Other Than “As- Is”) | Appraised Value (Other Than “As- Is”) | Cut-off Date LTV Ratio (“As-Is”) | Appraised Value (“As-Is”) |
6 | Buckeye Corrugated(1) | 4.6% | 63.0% | $ 52,100,000 | 63.3% | $ 51,890,000 | |
7 | Centennial I & II(2) | 4.6% | 60.7% | $ 53,870,000 | 93.4% | $ 35,000,000 | |
12 | Sully Station Shopping Center(3) | 3.5% | 50.2% | $ 49,800,000 | 53.1% | $ 47,100,000 | |
13 | Bear Creek Apartments(4) | 3.4% | 71.3% | $ 34,200,000 | 75.1% | $ 32,460,000 | |
17 | Interstate Plaza(5) | 1.8% | 72.6% | $ 18,200,000 | 73.8% | $ 17,900,000 | |
21 | Southpointe Square(6) | 1.6% | 69.0% | $ 16.770.000 | 70.0% | $ 16,530,000 | |
26 | Kinston Portfolio(7) | 1.4% | 65.8% | $ 14,800,000 | 76.1% | $ 128,500,000 |
(1) The Buckeye Corrugated Appraised Value represents the “as-is portfolio value” conclusion, which includes a portfolio premium of $210,000 over the aggregate “as-is” appraised values of the portfolio properties if sold together on a bulk basis | |
(2) The Centennial I & II Appraised Value represents the “hypothetical as-is” value, which assumes that the outstanding tenant improvements, leasing commissions and planned capital expenditures at a cost of approximately $9,950,000 have been completed as of May 3, 2018. At origination, the borrowers deposited approximately $10,322,952 for outstanding tenant improvements, leasing commissions, planned capital expenditures and rent concessions. | |
(3) The Sully Station Shopping Center Appraised Value represents the “as stabilized” value of $49,800,000, effective December 1, 2018, which assumes that the Mortgaged Property will be able to achieve stabilized occupancy of 95.0%. GlowZone has executed a lease which is expected to commence on January 1, 2019 and is expected to take occupancy of their space in November 2018. At loan origination, the borrower has reserved $1,500,000 for buildout of their space. | |
(4) The Bear Creek Apartments Appraised Value represents the “as stabilized” value of $34,200,000 for the Mortgaged Property, effective on June 1, 2019, which assumes the Mortgaged Property will be able to achieve higher rents after completion of planned capital expenditures at the Mortgaged Property to renovate approximately 50 units. The planned renovations include new kitchen cabinets and countertops, bathroom vanities, new flooring, replacing appliances, parking lot repairs and addressing various exterior maintenance. At loan origination, the borrower reserved $660,400 for designated capital reserves. | |
(5) The Interstate Plaza Appraised Value represents the “as stabilized” value of $18,200,000 for the Mortgaged Property, effective December 18, 2018, which assumes the Mortgaged Property will be able to achieve stabilized occupancy of 95.0%. Spec’s Liquor is in the process of relocating from a 7,000 sq. ft. space to a 17,993 sq. ft. space, which is expected to be complete on August 1, 2018, bringing the Mortgaged Property to 96.0% occupancy. At origination, the borrower reserved $355,750 of unfunded obligations for Spec’s Liquor, ACE Dental of Texas and Bank of America, $34,776 of gap rent for Spec’s Liquor, ACE Dental of Texas and Bank of America, and $11,048 of free rent for ACE Dental of Texas and Fast Signs. | |
(6) The Southpointe Square Appraised Value represents the “as complete” value of $16,770,000 for the Mortgaged Property, effective on July 14, 2018, which assumes that eight down units at the Mortgaged Property will be renovated by then. These units have been renovated and are expected to be back on-line the week of August 13, 2018. | |
(7) The Kinston Portfolio Appraised Value reflects the aggregate “as-complete” Appraised Values, which assumes completion of the franchisor-mandated PIPs at each of the Mortgaged Properties. At origination, the borrower deposited approximately $2,367,292 with the lender, representing approximately 115% of the estimated aggregate cost to complete the PIPs at each Mortgaged Property. | |
Loan No. 2 – Bank of America Center –The Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, and Appraised Value are based on the appraiser’s conclusion of a hypothetical value of $112,200,000 that assumes Bank of America is paying market rent under its office lease. Bank of America does not pay base rent under its current lease and is only responsible for contractual expense reimbursements. However, Bank of America’s lease provides a renewal option at fair market rent. The borrower reserved the difference between the current rent payments and market rent through the lease term in 2022 (which reserve amount mimics the market rent revenue cash flow) . The Appraised Value for the Mortgaged Property (without considering the reserve) is $106,600,000. The Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD for the Mortgaged Property (without considering the reserve) are 56.8% and 56.8%, respectively. |
A-1-24
Loan No. 23 - 12-01 44th Avenue Mortgage Loan – The 12-01 44th Avenue Appraised Value includes air rights valued at $3,000,000. Additionally, the Appraised Value is subject to the hypothetical condition that as of June 27, 2018, the construction at the Mortgaged Property was completed and that the leases in place have commenced. At loan origination, the Mortgaged Property was undergoing renovation and is currently 100.0% leased but unoccupied. At origination, the borrower deposited approximately $3,449,663 related to the completion and tenanting of the Mortgaged Property. | |
Loan No. 38 - Lockaway Storage - Airport Mortgage Loan – The Appraised Value represents the “as is” value of the Mortgaged Property is $8,000,000, however such Appraised Value is subject to the extraordinary assumption that the borrower will be able to successfully appeal the 2018 property tax assessment of $108,947. | |
(14) | Loan No. 31 – 1503 Jefferson & 406 Cornelia The Cut-off Date LTV Ratio at Maturity or ARD and Underwritten NOI Debt Yield were calculated based on the Cut-off Date Balance ($) net of a $1.0 million earnout reserve. The lender is required to disburse the Earnout Reserve after the satisfaction by the Borrower of the following conditions: (i) the DSCR is greater than1.30x, (ii) Debt Yield is greater than7.00% and, (iii) the request for disbursement is made prior to the third anniversary of the first payment date. The reserve may be released on a quarterly basis in increments of $250,000.The Cut-off Date LTV Ratio at Maturity or ARD, and Underwritten NOI Debt Yield based on the gross loan amount are equal to 75.5%, 75.5%, and 6.1%, respectively. |
(15) | Loan No. 11 – Walmart Supercenter Teterboro – The collateral for the Walmart Supercenter Teterboro Mortgage Loan consists of the borrower’s fee interest in the Walmart Supercenter Teterboro Mortgaged Property. Neither the tenant’s leasehold interest nor the improvements are currently part of the collateral. |
(16) | (19) Prepayment Provisions are shown from the respective Mortgage Loan First Payment Date. “L(x)” means lock-out for x payments. “D(x)” means may be defeased for x payments. “YM1(x)” means may be prepaid for x payments with payment of the greater of a yield maintenance charge and 1% of the amount prepaid. “DorYM2(x)” means may be prepaid for x payments with either defeasance or a yield maintenance charge or 2% of the amount prepaid. “O(x)” means freely prepayable for x payments, including the maturity date or anticipated repayment date. Certain of the Mortgage Loans permit the release of a portion of a Mortgaged Property (or an individual Mortgaged Property, in connection with a portfolio mortgage loan) under various circumstances, as described in this preliminary prospectus. See “Description of the Mortgage Pool—Certain Terms and Conditions of the Mortgage Loans—Property Releases” in this preliminary prospectus. In addition, certain of the Mortgage Loans permit the borrower to prepay a portion of the Mortgage Loan to avoid or cure a cash sweep period due to a low debt yield or debt service coverage ratio trigger. See “Description of the Mortgage Pool—Certain Terms and Conditions of the Mortgage Loans—Voluntary Prepayments” in this preliminary prospectus. [anchor to Prepayment Provisions] |
(17) | Loan No. 1 – Aventura Mall – The lockout period will be at least 25 payment dates beginning with and including the first payment date of August 1, 2018. Defeasance of the full $1.75 billion Aventura Mall Whole Loan is permitted after the date that is the earlier to occur of (i) August 1, 2021 or (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized (the “Aventura Mall REMIC Prohibition Period”). The borrower is also permitted to prepay the Aventura Mall Whole Loan with a yield maintenance premium if the Aventura Mall REMIC Prohibition Period has not occurred by August 1, 2021. The assumed lockout period of 25 payments is based on the expected CD 2018-CD7 securitization closing date in July 2018. The actual lockout period may be longer. |
Loan No. 2 – Bank of America Center – The lockout period for defeasance will be at least 25 payment dates beginning with and including the first payment date of August 1, 2018. Following the lockout period, the borrower has the right to defease the Whole Loan in whole, but not in part, on any date before April 1, 2028. The lockout period will expire on the earlier to occur of (i) two years after the closing date of the securitization that includes the last note to be securitized or (ii) August 1, 2022 For the purposes of this Preliminary Prospectus, the assumed lockout period of 26 months is based on the expected CD 2018-CD7 securitization closing date in August 2018. The actual lockout period may be longer. |
A-1-25
Loan No. 4 – 175 Park Avenue – The lockout period for defeasance will be at least 27 payment dates beginning with and including the first payment date of June 6, 2018. Following the lockout period, the borrower has the right to defease the Whole Loan in whole, but not in part, on any date before February 6, 2028. The lockout period will expire on the earlier to occur of (i) two years after the closing date of the securitization that includes the last note to be securitized or (ii) June 6, 2022. For the purposes of this Preliminary Prospectus, the assumed lockout period of 27 months is based on the expected CD 2018-CD7 securitization closing date in August 2018. The actual lockout period may be longer. | |
Loan No. 5 – Zenith Ridge – The lockout period will be at least 24 payment dates beginning with and including the first payment date of September 6, 2018. Defeasance of the $90.0 million original principal balance of the Zenith Ridge Whole Loan is permitted after the date that is the earlier to occur of (i) July 13, 2021 or (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized. The assumed lockout period of 24 payments is based on the expected CD 2018-CD7 securitization closing date in August 2018. The actual lockout period may be longer. | |
Loan No. 9 – Playa Largo – The lockout period will be at least 26 payment dates beginning with and including the first payment date of July 6, 2018. Defeasance of the $90.0 million original principal balance of the Playa Largo Whole Loan is permitted after the date that is the earlier to occur of (i) May 17, 2021 or (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized. The assumed lockout period of 26 payments is based on the expected CD 2018-CD7 securitization closing date in August 2018. The actual lockout period may be longer. | |
Loan No. 14 – Riverwalk – The lockout period for defeasance will be at least 26 payment dates beginning with and including the first payment date of July 6, 2018. Following the lockout period, the borrower has the right to defease the Whole Loan, on any date before April 6, 2028. The lockout period will expire on the earlier to occur of (i) two years after the closing date of the securitization that includes the last note to be securitized or (ii) July 6, 2021. For the purposes of this Preliminary Prospectus, the assumed lockout period of 26 months is based on the expected CD 2018-CD7 securitization closing date in August 2018. The actual lockout period may be longer. | |
(18) | Partial prepayment or defeasance is permitted for the following loans. See “Description of the Mortgage Pool – Certain Terms of the Mortgage Loans – Partial Releases” in this preliminary prospectus for the terms of the releases. |
· Loan No. 3 – Westside NYC Multifamily Portfolio | |
· Loan No. 10 – Alabama Hotel Portfolio | |
· Loan No. 14 – Riverwalk | |
· Loan No. 15 – CityLine Ann Arbor & Clinton Portfolio | |
· Loan No. 17 – Interstate Plaza | |
· Loan No. 20 – CityLine Rochester & Lansing Portfolio | |
· Loan No. 26 – Kinston Portfolio | |
(19) | Loan No. 27 – Mac Phail Crossing – The borrower ground leases an additional 122 parking spaces from an adjacent parcel which was underwritten as an expense. The ground lease expires in December 2021 and has nine automatic 5-year extension options making the extended maturity date December 2066. See “Description of the Mortgage Pool—Mortgage Pool Characteristics—Fee & Leasehold Estates; Ground Leases” in the Preliminary Prospectus. |
(20) | Loan No. 1 – Aventura Mall – The borrower has entered into a master lease with the carveout guarantors and Turnberry Retail Holding, L.P. for 12 spaces totaling 33,813 sq. ft. at the mortgaged property where executed letters of intent with tenants are in place but executed leases are not yet in place. The master lessees are required to pay an annual rent of $3,426,159 in equal monthly installments of $285,513 each. The rent payable under the master lease is required to be reduced in connection with the leasing to retail tenants of space within the portions of the mortgaged property covered by the master lease (so long as the tenant under any such lease has taken occupancy and has commenced the payment of rent and the rent payable is above certain thresholds set forth in the master lease). The master lease will terminate on the earlier to occur of (a) 10 years after loan maturity, (b) the earlier of (i) the date that the annual rent under the master lease is reduced to $0 or (ii) the date that the annualized lease payments under all leases (not including percentage rent) at the mortgaged property exceeds $181,850,000 or (c) following the exercise of the master |
A-1-26
lessees’ cancellation option after a lender foreclosure or deed-in-lieu of foreclosure. The master lease equals 1.8% of the approximately $185.5 million of underwritten effective gross income. | |
Loan No. 8 – NoLita Multifamily Portfolio – An affiliate of the borrowers signed master leases with the borrowers related to rent payments on each of three units currently under renovation. Each master lease, guaranteed by one of the borrower sposnors, Edmond Li, will terminate upon the earlier of (a) May 31, 2019 or (b) a new tenant taking occupancy and paying full rent on such unit. The UW NCF DSCR without the income from the master leases is 1.13x. See “Description of the Mortgage Pool—Redevelopment, Renovation and Expansion”. | |
(21) | Loan No. 14 – Riverwalk – Approximately 6.3% of the net rentable area and 7.1% of the gross potential rent is leased to affiliates of the borrower. |
(22) | Loan No. 2 – Bank of America Center – The Largest Tenant, Bank of America , leases (a) 79,192 sq. ft. with an expiration date in June 2022 and (b) 5,880 sq. ft. with an expiration date in June 2024. |
Loan No. 5 – Zenith Ridge – The 2nd Largest Tenant, EQT Corp., leases (a) 150,000 sq. ft. with an expiration date in January 2031 and (b) 30,908 sq. ft. with an expiration date in December 2024. | |
Loan No. 7 – Centennial I & II – The Largest Tenant, State of Washington - Department of Social and Health Services, leases (a) 152,926 sq. ft. with an expiration date in October 2028 and (b) 33,997 sq. ft. with an expiration date in May 2023. | |
(23) | Loan No. 2 – Bank of America Center – The 2nd Largest Tenant, Department of Environmental Quality (“DEQ”), may terminate its lease in the event that funds are not appropriated for DEQ and/or if DEQ ceases to exist. The 3rd Largest Tenant, Virginia Retirement System (“VRS”), may terminate its lease in the event that funds are not appropriated for VRS and/or if VRS ceases to exist. |
Loan No. 5 – Zenith Ridge – The Largest Tenant, Ansys, Inc., has the one-time right to terminate its lease effective December 2025 by providing 18 months’ notice and paying all unamortized tenant improvements allowance, brokerage fees and free rent, plus an additional $761,000, estimated to total approximately $5,751,000. | |
Loan No. 7 – Centennial I & II – The 2nd Largest Tenant, State of Washington Employment Security Department, may terminate its lease if its state funding is reduced to the extent ongoing operations are not feasible. | |
Loan No. 12 – Sully Station Shopping Center – the 2nd Largest Tenant, Goodwill, may terminate its lease if average gross sales for the fourth and fifth lease years, September 1, 2020 to August 31, 2021 and September 1, 2021 to August 31, 2022, respectively, do not exceed $1,300,000 per annum by August 31, 2022. Goodwill must give notice within 90 days of August 31, 2022 and the lease will terminate effective 180 days after the date of such notice. | |
Loan No. 17 – Interstate Plaza – the 3rd Largest Tenant, JoAnn Fabrics, may terminate its lease if by March 1, 2018 gross sales during any rolling 12 month period have not exceeded $105.00 per square foot. JoAnn Fabrics must give notice within 12 months after March 1, 2018 and the lease will terminate 12 months from the date such notice was given. | |
Loan No. 23 – 12-01 44th Avenue – The sole tenant, Wirecutter, Inc., has the one-time right to terminate its lease after the 84th month of the term which begins when the tenant accepts its space (Wirecutter, Inc. is expected to take occupancy of 75% of its space in August 2018 and the remaining 25% of its space in September 2018) with 12 months’ notice and payment of a termination fee totaling approximately $1,502,119. | |
(24) | Loan No. 12 – Sully Station Shopping Center – The Largest Tenant, GlowZone, has executed a lease commencing on January 1, 2019 and is expected to take occupancy in November 2018, but has not delivered a clean estoppel. The loan was structured with a $2,000,000 upfront reserve that will be released upon delivery of the clean estoppel. No gap rent was reserved for because Good Fortune Supermarket, as a condition of its lease termination, is required to continue paying monthly rent of $75,460 through August 2019 as a termination fee. The contractual monthly rent for GlowZone, which payments are expected to commence in January 2019, is $56,376. |
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(25) | Loan No. 2 – Bank of America Center – The 2nd Largest Tenant, the Commonwealth of Virginia, Department of General Services (for use by the Department of Environmental Quality) (the “DEQ”), representing approximately 16.3% of the net rentable area at the Mortgaged Property, is currently in occupancy and is required to commence paying rent in September 2018. At origination, the borrower deposited $761,854 into a free rent reserve related to the DEQ tenant. |
Loan No. 4 – 175 Park Avenue – The sole tenant at the Mortgaged Property, Realogy Holdings Corporation, has a three month free rent period through September 2018. At origination, the borrower reserved $1,788,075, equal to three months of base rent, for such free rent period. | |
Loan No. 5 – Zenith Ridge – The Largest Tenant, Ansys, Inc. (“Ansys”), currently occupies 186,000 sq. ft. at the Mortgaged Property and is in the process of building out its 30,971 sq. ft. additional space. According to the borrower sponsors, Ansys is expected to take occupancy of its space in November 2018. Ansys is entitled to 15 months of free rent related to its additional space for which the borrowers were required to escrow at origination of the Zenith Ridge Whole Loan an amount equal to $890,416, along with outstanding tenant improvements and leasing commissions in an aggregate amount equal to $1,445,533. | |
Loan No. 7 – Centennial I & II – The 2nd Largest Tenant, State of Washington Employment Security Division, is in the process of building out its 20,313 sq. ft. space and, according to the borrower sponsors, is expected to take occupancy of its space in November 2018. The borrowers escrowed $1,215,760 for tenant improvements and leasing commissions related to the new lease with State of Washington Employment Security Division, as well as $121,878 for the three months of rent abatement at the beginning of the lease term. | |
Loan No. 17 Interstate Plaza – The 2nd Largest Tenant, Spec’s Liquor, is completing the expansion of their space and are expected to take occupancy in August 2018. | |
Loan No. 23 – 12-01 44th Avenue – The sole tenant, Wirecutter, Inc., is in the process of building out its space and, according to the borrower sponsors, is expected to take occupancy of 75% of its space in August 2018 and the remaining 25% of its space in September 2018. The borrower escrowed approximately $3.4 million related to the completion and acceptance of the Wirecutter, Inc. space. | |
Loan No. 35 – Wheeler SC-GA Portfolio – The 2nd Largest Tenant at the LaGrange Property, Walgreens, which leases approximately 12.5% of NRA at the LaGrange Mortgaged Property and 7.6% of NRA of the aggregate Wheeler SC-GA Portfolio, has given notice of its intent to vacate its space. Walgreens does not have an early termination right and no express right to go dark. Walgreens assumed the lease and will be obligated to pay rent through its expiration date on January 28, 2022, even if they are dark. If they remain dark, the landlord can release the space and sue Walgreens for damages pursuant to their lease. | |
(26) | The following loans have one or more borrowers that own all or a portion of the related Mortgaged Property as tenants-in-common. See “Description of the Mortgage Pool –Mortgage Pool Characteristics - Tenancies-in-Common” in this preliminary prospectus for further information. |
· Loan No. 7 – Centennial I & II | |
· Loan No. 11 – Walmart Supercenter Teterboro | |
· Loan No. 18 – Edgewater Village Shopping Cente | |
· Loan No. 29 – Fredericksburg Place | |
(27) | All upfront reserve balances reflect the upfront reserve amount at loan origination. The current balance may be less than the amount shown. |
(28) | All ongoing reserve balances reflect the ongoing reserve amount at loan origination. The current balance may be greater than or less than the amount shown. Monthly reserves required to be deposited in such accounts may be capped pursuant to the related mortgage loan documents. |
(29) | Loan No. 3 – Westside NYC Multifamily Portfolio – If the Replacement Reserve funds on deposit in the Replacement Reserve account fall below the Replacement Reserve Cap of $204,750, the borrower is required to deposit $5,667, on each montly payment until the replacement reserve cap is met. If the Rollover Reserve funds on deposit in the Rollover Reserve account fall below the rollover reserve cap of $6,750, the borrower is required to deposit $188, on each montly payment until the rollover reserve cap is met. |
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Loan No. 4 – 175 Park Avenue – If the Replacement Reserve Funds on deposit in the Replacement Reserve Account fall below the replacement reserve threshold of $162,000, the borrower is required to deposit $4,500, on each montly payment until the replacement reserve threshold is met. If the Rollover Reserve funds on deposit in the Rollover Reserve Account fall below the rollover reserve threshold of $675,000 the borrower is required to deposit $11,250, on each montly payment until the rollover reserve threshold is met. | |
Loan No. 14 – Riverwalk – If the Replacement Reserve Funds on deposit in the Replacement Reserve Account fall below $90,000, the borrower is required to deposit $8,005, on each montly payment until the balance on deposit in the Replacement Reserve Account equals $270,000. If the Rollover Reserve funds on deposit in the Rollover Reserve Account fall below $800,000 the borrower is required to deposit $26,700, on each montly payment until the balance on deposit in the Rollover Reserve Account equals $1,200,000. | |
Loan No. 16 – Homestead TownePlace Suites – Beginning in October 2018 through and including June 2019, the borrower is required to deposit $2,150 into the seasonality reserve as well as in subsequent years as determined by the Mortgage Loan Documents. The monthly seasonality reserve will be reassessed by the lender on an annual basis in September of each year. | |
Loan No. 26 – Kinston Portfolio – On each monthly payment date occurring in September, October and November, the borrower is required to deposit $20,000 into the seasonal working capital reserve. The balance on deposit in the Seasonal Working Capital Reserve will not be required to exceed $60,000. | |
Loan No. 31 – 1503 Jefferson & 406 Cornelia – If the Replacement Reserve Funds on deposit in the Replacement Reserve Account fall below $8,000, the borrower is required to deposit $250, on each montly payment until the balance on deposit in the Replacement Reserve Account equals $8,000. | |
Loan No. 34 – Hampton Inn & Suites Tucson Mall – The borrower escrowed $145,000 at origination for use during the lower income months of June through September. The borrower is required to replenish such seasonality reserve during the months of February through April, subject to a cap of $145,000. | |
Loan No. 37 – Maricopa Marketplace – The borrower escrowed $50,000 at origination for the TI/LC Reserve. If the TI/LC Reserve falls below the TI/LC Reserve cap of $50,000, the borrower is required to deposit $3,240, on each monthly payment until the TI/LC Reserve cap is met. | |
Loan No. 39 – TownePlace Suites Tucson – The borrower escrowed $104,397 at origination for use during the lower income months of June through September. The borrower is required to replenish such seasonality reserve during the months of February through April, subject to a cap of $104,397. | |
(30) | Loan No. 10 – Alabama Hotel Portfolio – The borrower is required to deposit into the FF&E Reserve Account the greater of (A) the amount required by the franchisor under the franchise agreement and (B) 1/12th of (i) for the first twelve months of the term of the Mortgage Loan, 2%, (ii) for the subsequent twelve months, 3%, and (iii) for the remainder of the term of the Mortgage Loan, 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. |
Loan No. 17 – Interstate Plaza – The borrower is required to deposit $29,167 into the leasing reserve account on each monthly payment date occurring up to and including July 6, 2019. On each monthly payment date thereafter, the borrower is required to deposit $5,815 into the Leasing Reserve Account. | |
Loan No. 22 – Rohnert Park Center - On each of the first 12 monthly payment dates, the monthly tax escrow payments are increased to account for not requiring an upfront deposit at closing. Monthly Tax Reserves ($) will be reassessed at the end of the first tax year. | |
Loan No. 40 – Fairfield Inn DFW Airport South Irving – The borrower is required to deposit into the FF&E Reserve Account the greater of (A) the amount required by the franchisor under the franchise agreement and (B) 1/12th of (i) for the first twelve months of the term of the Mortgage Loan, 2%, (ii) for the subsequent twelve months, 3%, and (iii) for the remainder of the term of the Mortgage Loan, 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. |
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(31) | Loan No. 4 – 175 Park Avenue – The sole tenant at the Mortgaged Property, Realogy Operations LLC, delivered an irrevocable $25,000,000 standby letter of credit in lieu of cash as the required security deposit. Subject to certain requirements set forth in the Whole Loan documents and the Realogy Operations LLC lease, upon the occurrence of an event of default, the lender may draw upon (and reduce) the letter of credit as follows: (i) to $23,00,000 at any time until December 31, 2018, (ii) to $17,500,000 at any time after January 1, 2019, (iii) to $11,000,000 at any time after January 1, 2023 and (iv) to $4,000,000 at any time after January 1, 2026. |
(32) | Loan No. | Mortgage Loan | Mortgage Loan Cut-off Date Balance | % of Initial Outstanding Pool Balance | Maximum Policy Amount | Premium Paid in Full | Expiration Date |
2 | Bank of America Center | $ 50,500,000 | 7.0% | $ 3,000,000 | Yes | 6/20/2031 | |
14 | Riverwalk | $ 20,000,000 | 2.8% | $ 2,000,000 | Yes | 6/5/2031 |
(33) | Loan No. 35 – Wheeler SC-GA Portfolio – The Phase I environmental report recommended that a Phase II report be completed for the Georgetown Mortgage Property to assess the potential impact of chlorinated volatile organic compounds to soil gas as a consequence of the documented release from an adjacent dry cleaner. The Phase II investigation was completed and no further action is recommended at the Georgetown Mortgage Property. |
(34) | Loan No. 1 – Aventura Mall – The full name of the carveout guarantors are Simon Property Group, L.P., Jacquelyn Soffer and Jeffrey Soffer. The obligations and liabilities of the carveout guarantors under the nonrecourse carve-out guaranty are capped at $350,000,000 in the aggregate, plus all of the reasonable, out-of-pocket costs and expenses (including, but not limited to, court costs and fees and reasonable attorney’s fees) incurred by the lender in connection with the enforcement of, or preservation of lender’s rights under the guaranty. |
(35) | Loan No. | Mortgage Loan | A-Note Cut- off Date Balance(1 ) | B-Note Cut- off Date Balance | Total Mortgage Debt Cut- off Date Balance (1) | Pooled Trust U/W NCF DSCR | Total Mortgage Debt U/W NCF DSCR | Pooled Trust Cut- off Date LTV | Total Mortgage Debt Cut- off Date LTV Ratio | Pooled Trust U/W NOI Debt Yield | Total Mortgage Debt U/W NOI Debt Yield |
1 | Aventura Mall | $ 1,406,700,000 | $ 343,300,000 | $ 1,750,000,000 | 2.58x | 2.07x | 40.8% | 50.7% | 11.0% | 8.8% | |
3 | Westside NYC Multifamily Portfolio | $ 42,000,000 | $ 53,000,000 | $ 95,000,000 | 3.60x | 1.22x | 25.5% | 57.8% | 14.3% | 6.3% |
(1) Includes additionalpari passucompanion loans. |
(36) | Loan No. | Mortgage Loan | Mortgage Loan Cut-off | % of Initial Outstanding Pool Balance | Mezzanine Debt Cut-off Date Balance | Annual Interest Rate on Mezzanine Loan | Mezzanine Loan Maturity Date or ARD | Intercreditor Agreement | Total Debt Cut-off Date LTV | Total Debt U/W NCF DSCR (1) | Total Debt U/W NOI Debt | |
2 | Bank of America Center | $ 50,500,000 | 7.0% | $ 23,500,000 | 7.3200% | 7/1/2028 | Yes | 74.9% | 1.13x | 8.4% | ||
26 | Kinston Portfolio | $ 9,742,469 | 1.4% | $ 1,104,500 | 12.0000% | 4/6/2028 | Yes | 73.3% | 2.11x | 18.3% | ||
29 | Fredericksburg Place | $ 8,300,000 | 1.1% | $ 900,000 | 12.0000% | 7/6/2028 | Yes | 67.9% | 1.22x | 9.5% | ||
(1) Includes additionalpari passucompanion loans. | |
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(37) | Loan No . | Mortgage Loan | Mortgage Loan Cut-off Date Balance | % of Initial Outstanding Pool Balance | Intercreditor Agreement Required | Combined Minimum DSCR | Combined Maximum LTV | Combined Minimum Debt Yield |
18 | Edgewater Village Shopping Center | $ 12,500,000 | 1.7% | Yes | 1.52x | 64.1% | 11.3% | |
23 | 12-01 44th A venue | $ 10,750,000 | 1.5% | Yes | N/A | N/A | N/A | |
24 | Pangea 20 | $ 10,700,000 | 1.5% | Yes | 1.50x | 70.0% | 9.5% | |
25 | Palmhurst Village | $ 9,900,000 | 1.4% | Yes | 1.32x | 62.3% | 9.8% |
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