| | | | | | | | | | | | | | | | | |
| | | | | | | | Number of | Property | Property | | Year | | Unit of | | Occupancy | Appraised |
Loan # | Seller(1) | Property Name | Street Address | City | State | Zip Code | County | Properties | Type(2) | Subtype | Year Built | Renovated | Units(3) | Measure | Occupancy %(4) | Date | Value ($)(5) |
1 | CREFI | Watergate Office Building | 2600 Virginia Avenue Northwest | Washington | DC | 20037 | District of Columbia | 1 | Office | CBD | 1967 | 2012-2018 | 215,200 | Square Feet | 87.3% | 08/06/19 | 105,000,000 |
2 | GACC | 225 Bush | 225 Bush Street | San Francisco | CA | 94104 | San Francisco | 1 | Office | CBD | 1922, 1955 | 2010-2013 | 579,987 | Square Feet | 97.8% | 09/30/19 | 589,000,000 |
3 | JPMCB | Innovation Park | 7201, 7207, 7345, 7349, 8001, 8105, 8201, 8203, 8209, 8335, 8405, 8501 & 8505 IBM Drive | Charlotte | NC | 28262 | Mecklenburg | 1 | Office | Suburban | 1979-2013 | 2011 | 1,854,729 | Square Feet | 96.1% | 08/05/19 | 264,900,000 |
4 | JPMCB | The Essex | 125 Delancey Street | New York | NY | 10002 | New York | 1 | Mixed Use | Multifamily/Retail | 2019 | | 195 | Units | 100.0% | 09/10/19 | 293,000,000 |
5 | GACC | 180 Water | 180 Water Street | New York | NY | 10038 | New York | 1 | Multifamily | High-Rise | 1971 | 2017 | 573 | Units | 97.0% | 10/17/19 | 451,500,000 |
6 | CREFI | Harvey Building Products | Various | Various | Various | Various | Various | 30 | Various | Various | Various | Various | 2,046,119 | Square Feet | 100.0% | 11/06/19 | 230,600,000 |
6.01 | CREFI | Londonderry / Manufacturing | 30 Jack’s Bridge Road | Londonderry | NH | 03053 | Rockingham | 1 | Industrial | Manufacturing | 2007 | | 376,294 | Square Feet | 100.0% | 11/06/19 | 41,200,000 |
6.02 | CREFI | Dartmouth / Manufacturing | 7 Ledgewood Boulevard | North Dartmouth | MA | 02747 | Bristol | 1 | Industrial | Manufacturing | 1999 | | 235,239 | Square Feet | 100.0% | 11/06/19 | 24,000,000 |
6.03 | CREFI | Waltham Corporate | 1400 Main Street | Waltham | MA | 02451 | Middlesex | 1 | Office | Suburban | 2000 | | 54,400 | Square Feet | 100.0% | 11/06/19 | 20,900,000 |
6.04 | CREFI | Woburn | 27-33 Commonwealth Avenue | Woburn | MA | 01801 | Middlesex | 1 | Industrial | Warehouse/Distribution | 1989 | | 76,054 | Square Feet | 100.0% | 11/06/19 | 13,900,000 |
6.05 | CREFI | Nashua | 90 Northeastern Boulevard | Nashua | NH | 03062 | Hillsborough | 1 | Industrial | Warehouse/Distribution | 2006 | | 111,594 | Square Feet | 100.0% | 11/06/19 | 9,800,000 |
6.06 | CREFI | Woburn CPD | 35 Commonwealth Avenue | Woburn | MA | 01801 | Middlesex | 1 | Industrial | Warehouse/Distribution | 1989 | | 59,800 | Square Feet | 100.0% | 11/06/19 | 9,200,000 |
6.07 | CREFI | (West) Bridgewater | 10 Turnpike Street | West Bridgewater | MA | 02379 | Plymouth | 1 | Industrial | Warehouse | 2005 | | 81,776 | Square Feet | 100.0% | 11/06/19 | 8,600,000 |
6.08 | CREFI | Manchester, NH | 344 East Industrial Park Drive | Manchester | NH | 03109 | Hillsborough | 1 | Industrial | Warehouse/Distribution | 2003 | | 81,747 | Square Feet | 100.0% | 11/06/19 | 7,700,000 |
6.09 | CREFI | Norwalk 256 | 256-258 Martin Luther King Drive | Norwalk | CT | 06854 | Fairfield | 1 | Industrial | Warehouse/Distribution | 1972 | | 40,232 | Square Feet | 100.0% | 11/06/19 | 6,900,000 |
6.10 | CREFI | New London | 1096 Hartford Turnpike | Waterford | CT | 06385 | New London | 1 | Industrial | Warehouse/Distribution | 2008 | | 70,642 | Square Feet | 100.0% | 11/06/19 | 6,750,000 |
6.11 | CREFI | East Haven | 221 Commerce Street | East Haven | CT | 06512 | New Haven | 1 | Industrial | Warehouse/Distribution | 2005 | | 70,089 | Square Feet | 100.0% | 11/06/19 | 6,500,000 |
6.12 | CREFI | Lincoln | 21 Wellington Road | Lincoln | RI | 02865 | Providence | 1 | Industrial | Warehouse/Distribution | 2003 | | 80,240 | Square Feet | 100.0% | 11/06/19 | 6,400,000 |
6.13 | CREFI | Bethlehem | 2000 City Line Road | Bethlehem | PA | 18017 | Lehigh | 1 | Industrial | Warehouse/Distribution | 1973 | 2005 | 71,091 | Square Feet | 100.0% | 11/06/19 | 6,000,000 |
6.14 | CREFI | Salem | 4 Raymond Avenue | Salem | NH | 03079 | Rockingham | 1 | Industrial | Warehouse/Distribution | 2001 | | 58,286 | Square Feet | 100.0% | 11/06/19 | 5,800,000 |
6.15 | CREFI | Norwalk 260 | 260 Martin Luther King Drive | Norwalk | CT | 06854 | Fairfield | 1 | Industrial | Warehouse/Distribution | 1974 | | 30,000 | Square Feet | 100.0% | 11/06/19 | 5,900,000 |
6.16 | CREFI | Berlin | 272 Woodlawn Road | Berlin | CT | 06037 | Hartford | 1 | Industrial | Warehouse/Distribution | 1994 | | 43,796 | Square Feet | 100.0% | 11/06/19 | 5,400,000 |
6.17 | CREFI | Dartmouth | 965 Reed Road | Dartmouth | MA | 02747 | Bristol | 1 | Industrial | Warehouse | 1974 | 2004 | 63,117 | Square Feet | 100.0% | 11/06/19 | 5,400,000 |
6.18 | CREFI | Manchester, CT | 730 Parker Street | Manchester | CT | 06042 | Hartford | 1 | Industrial | Warehouse/Distribution | 1996 | | 49,175 | Square Feet | 100.0% | 11/06/19 | 4,300,000 |
6.19 | CREFI | Portland | 401 Riverside Street | Portland | ME | 04103 | Cumberland | 1 | Industrial | Warehouse/Distribution | 1976 | 2003 | 48,145 | Square Feet | 100.0% | 11/06/19 | 4,100,000 |
6.20 | CREFI | Braintree | 320 Wood Road | Braintree | MA | 02184 | Norfolk | 1 | Industrial | Warehouse/Distribution | 1986 | | 32,531 | Square Feet | 100.0% | 11/06/19 | 4,000,000 |
6.21 | CREFI | Warwick | 45 Lori Ann Way | Warwick | RI | 02886 | Kent | 1 | Industrial | Warehouse/Distribution | 1997 | | 43,899 | Square Feet | 100.0% | 11/06/19 | 3,800,000 |
6.22 | CREFI | Fitchburg | 133 Benson Street | Fitchburg | MA | 01420 | Worcester | 1 | Industrial | Warehouse | 1983 | | 39,433 | Square Feet | 100.0% | 11/06/19 | 3,400,000 |
6.23 | CREFI | Auburn | 300 Washington Street | Auburn | MA | 01501 | Worcester | 1 | Industrial | Warehouse/Distribution | 1983 | 2006 | 37,132 | Square Feet | 100.0% | 11/06/19 | 3,300,000 |
6.24 | CREFI | Berlin CPD | 230 Woodlawn Road | Berlin | CT | 06037 | Hartford | 1 | Industrial | Warehouse/Distribution | 1977 | | 28,163 | Square Feet | 100.0% | 11/06/19 | 3,150,000 |
6.25 | CREFI | Southampton | 99 Buck Road | Huntingdon Valley | PA | 19006 | Bucks | 1 | Industrial | Warehouse/Distribution | 1971 | 2009 | 36,421 | Square Feet | 100.0% | 11/06/19 | 2,600,000 |
6.26 | CREFI | Portsmouth | 240 West Road | Portsmouth | NH | 03801 | Rockingham | 1 | Industrial | Warehouse/Distribution | 1985 | 1999 | 31,470 | Square Feet | 100.0% | 11/06/19 | 3,000,000 |
6.27 | CREFI | Wilkes-Barre | 936 Rutter Avenue | Forty Fort | PA | 18704 | Luzerne | 1 | Industrial | Warehouse/Distribution | 1950 | 1999 | 32,200 | Square Feet | 100.0% | 11/06/19 | 2,400,000 |
6.28 | CREFI | Hyannis | 186 Breeds Hill Road | Hyannis | MA | 02601 | Barnstable | 1 | Industrial | Warehouse | 1986 | 2002 | 24,070 | Square Feet | 100.0% | 11/06/19 | 2,300,000 |
6.29 | CREFI | Springfield | 175 Carando Drive | Springfield | MA | 01104 | Hampden | 1 | Industrial | Warehouse | 1989 | | 25,347 | Square Feet | 100.0% | 11/06/19 | 2,300,000 |
6.30 | CREFI | White River Junction | 1354 North Hartland Road | White River Junction | VT | 05001 | Windsor | 1 | Industrial | Warehouse/Distribution | 1981 | 2001 | 13,736 | Square Feet | 100.0% | 11/06/19 | 1,600,000 |
7 | CREFI | Legends at Village West | 1843 Village West Parkway | Kansas City | KS | 66111 | Wyandotte | 1 | Retail | Anchored | 2005 | 2019 | 702,750 | Square Feet | 92.1% | 09/15/19 | 225,000,000 |
8 | GACC | 80 on the Commons | 80 East Rich Street | Columbus | OH | 43215 | Franklin | 1 | Mixed Use | Office/Multifamily | 2018 | | 296,190 | Square Feet | 95.1% | 09/19/19 | 73,500,000 |
9 | JPMCB | Osborn Triangle | Various | Cambridge | MA | 02139 | Middlesex | 3 | Mixed Use | Office/Laboratory | Various | Various | 676,947 | Square Feet | 100.0% | Various | 1,158,000,000 |
9.01 | JPMCB | 610 Main Street North | 610 Main Street | Cambridge | MA | 02139 | Middlesex | 1 | Mixed Use | Office/Laboratory | 2016 | | 278,738 | Square Feet | 100.0% | 05/01/19 | 462,000,000 |
9.02 | JPMCB | 1 Portland Street | 1 Portland Street | Cambridge | MA | 02139 | Middlesex | 1 | Mixed Use | Office/Laboratory | 2013 | | 229,330 | Square Feet | 100.0% | 11/01/19 | 416,000,000 |
9.03 | JPMCB | 700 Main Street | 700 Main Street | Cambridge | MA | 02139 | Middlesex | 1 | Mixed Use | Office/Laboratory | Late 1800s | 2002, 2012 | 168,879 | Square Feet | 100.0% | 05/01/19 | 280,000,000 |
10 | JPMCB | Tysons Tower | 7900 Tysons One Place | McLean | VA | 22102 | Fairfax | 1 | Office | Suburban | 2014 | | 528,730 | Square Feet | 100.0% | 08/30/19 | 365,000,000 |
11 | JPMCB | 900 & 990 Stewart Avenue | 900 & 990 Stewart Avenue | Garden City | NY | 11530 | Nassau | 1 | Office | Suburban | 1987, 1988 | 2014, 2018 | 461,820 | Square Feet | 88.6% | 06/11/19 | 121,400,000 |
12 | JPMCB | Hilton Cincinnati Netherland Plaza | 35 West Fifth Street | Cincinnati | OH | 45202 | Hamilton | 1 | Hotel | Full Service | 1931 | 1981, 2004, 2013 | 561 | Rooms | 74.8% | 08/31/19 | 105,500,000 |
13 | CREFI | Oro Valley Marketplace | 12155 North Oracle Road | Oro Valley | AZ | 85737 | Pima | 1 | Retail | Anchored | 2008 | | 517,901 | Square Feet | 85.8% | 07/01/19 | 53,200,000 |
14 | JPMCB | Spectrum Brands Global Headquarters | 3001 Deming Way | Middleton | WI | 53562 | Dane | 1 | Office | Suburban | 2013 | 2017 | 252,122 | Square Feet | 100.0% | 11/01/19 | 52,100,000 |
15 | CREFI | Compass AGP Storage Portfolio | Various | Various | Various | Various | Various | 6 | Self Storage | Self Storage | Various | Various | 406,680 | Square Feet | 80.6% | 07/31/19 | 53,030,000 |
15.01 | CREFI | Compass Self Storage Bloomfield | 58 Locust Avenue | Bloomfield | NJ | 07003 | Essex | 1 | Self Storage | Self Storage | 1960 | 2012 | 96,070 | Square Feet | 78.8% | 07/31/19 | 21,580,000 |
15.02 | CREFI | Compass Self Storage Smyrna | 2350 Atlanta Road | Smyrna | GA | 30080 | Cobb | 1 | Self Storage | Self Storage | 2002 | | 60,605 | Square Feet | 75.8% | 07/31/19 | 7,180,000 |
15.03 | CREFI | Compass Self Storage Port Richey | 4413 Madison Street | New Port Richey | FL | 34652 | Pasco | 1 | Self Storage | Self Storage | 2007 | | 66,355 | Square Feet | 80.3% | 07/31/19 | 6,760,000 |
15.04 | CREFI | Compass Self Storage Wendell | 1401 Wendell Boulevard | Wendell | NC | 27591 | Wake | 1 | Self Storage | Self Storage | 2004 | | 59,575 | Square Feet | 85.1% | 07/31/19 | 6,290,000 |
15.05 | CREFI | Compass Self Storage Duluth | 1800 Sullivan Drive | Duluth | GA | 30096 | Gwinnett | 1 | Self Storage | Self Storage | 2000 | | 62,970 | Square Feet | 81.0% | 07/31/19 | 5,540,000 |
15.06 | CREFI | Compass Self Storage Kennesaw | 3885 Frey Road | Kennesaw | GA | 30144 | Cobb | 1 | Self Storage | Self Storage | 1997 | 2016 | 61,105 | Square Feet | 83.8% | 07/31/19 | 5,680,000 |
16 | GACC | 221 West 29th St | 221 West 29th Street | New York | NY | 10001 | New York | 1 | Multifamily | High-Rise | 2017 | | 95 | Units | 95.8% | 09/26/19 | 46,100,000 |
17 | JPMCB | Jersey City Group 1 | Various | Jersey City | NJ | Various | Hudson | 10 | Multifamily | Garden | Various | 2017-2019 | 183 | Units | 97.8% | 09/30/19 | 40,800,000 |
17.01 | JPMCB | 92 & 96 Highland Avenue | 92 & 96 Highland Avenue | Jersey City | NJ | 07306 | Hudson | 1 | Multifamily | Garden | 1901 | 2017-2019 | 38 | Units | 97.4% | 09/30/19 | 8,300,000 |
17.02 | JPMCB | 58 Van Reypen Street | 58 Van Reypen Street | Jersey City | NJ | 07306 | Hudson | 1 | Multifamily | Garden | 1917 | 2017-2019 | 26 | Units | 100.0% | 09/30/19 | 5,100,000 |
17.03 | JPMCB | 67 Stuyvesant Avenue | 67 Stuyvesant Avenue | Jersey City | NJ | 07306 | Hudson | 1 | Multifamily | Garden | 1925 | 2017-2019 | 25 | Units | 96.0% | 09/30/19 | 5,000,000 |
17.04 | JPMCB | 2729 John F. Kennedy Boulevard | 2729 John F. Kennedy Boulevard | Jersey City | NJ | 07306 | Hudson | 1 | Multifamily | Garden | 1900 | 2017-2019 | 21 | Units | 100.0% | 09/30/19 | 5,000,000 |
17.05 | JPMCB | 1 Britton Street | 1 Britton Street | Jersey City | NJ | 07306 | Hudson | 1 | Multifamily | Garden | 1900 | 2017-2019 | 18 | Units | 100.0% | 09/30/19 | 4,700,000 |
17.06 | JPMCB | 46 Vroom Street | 46 Vroom Street | Jersey City | NJ | 07306 | Hudson | 1 | Multifamily | Garden | 1924 | 2017-2019 | 20 | Units | 95.0% | 09/30/19 | 4,000,000 |
17.07 | JPMCB | 6 Tonnele Avenue | 6 Tonnele Avenue | Jersey City | NJ | 07306 | Hudson | 1 | Multifamily | Garden | 1900 | 2017-2019 | 13 | Units | 92.3% | 09/30/19 | 3,200,000 |
17.08 | JPMCB | 114 Stuyvesant Avenue | 114 Stuyvesant Avenue | Jersey City | NJ | 07306 | Hudson | 1 | Multifamily | Garden | 1900 | 2017-2019 | 8 | Units | 100.0% | 09/30/19 | 2,000,000 |
17.09 | JPMCB | 64 Newkirk Street | 64 Newkirk Street | Jersey City | NJ | 07306 | Hudson | 1 | Multifamily | Garden | 1900 | 2017-2019 | 8 | Units | 100.0% | 09/30/19 | 1,900,000 |
17.10 | JPMCB | 153 Academy Street | 153 Academy Street | Jersey City | NJ | 07302 | Hudson | 1 | Multifamily | Garden | 1900 | 2017-2019 | 6 | Units | 100.0% | 09/30/19 | 1,600,000 |
18 | JPMCB | Jersey City Group 3 | Various | Jersey City | NJ | Various | Hudson | 9 | Multifamily | Garden | Various | 2017-2019 | 185 | Units | 96.8% | 09/30/19 | 39,600,000 |
18.01 | JPMCB | 3143 & 3149 John F. Kennedy Boulevard | 3143 & 3149 John F. Kennedy Boulevard | Jersey City | NJ | 07306 | Hudson | 1 | Multifamily | Garden | 1900 | 2017-2019 | 34 | Units | 100.0% | 09/30/19 | 7,400,000 |
18.02 | JPMCB | 169 Manhattan Avenue | 169 Manhattan Avenue | Jersey City | NJ | 07307 | Hudson | 1 | Multifamily | Garden | 1925 | 2017-2019 | 33 | Units | 100.0% | 09/30/19 | 6,500,000 |
18.03 | JPMCB | 78 Congress Street | 78 Congress Street | Jersey City | NJ | 07307 | Hudson | 1 | Multifamily | Garden | 1900 | 2017-2019 | 25 | Units | 96.0% | 09/30/19 | 6,000,000 |
18.04 | JPMCB | 516, 518 & 520 Central Avenue | 516, 518 & 520 Central Avenue | Jersey City | NJ | 07307 | Hudson | 1 | Multifamily | Garden | 1880 | 2017-2019 | 24 | Units | 87.5% | 09/30/19 | 5,800,000 |
18.05 | JPMCB | 3719 John F. Kennedy Boulevard | 3719 John F. Kennedy Boulevard | Jersey City | NJ | 07307 | Hudson | 1 | Multifamily | Garden | 1920 | 2017-2019 | 18 | Units | 100.0% | 09/30/19 | 3,400,000 |
18.06 | JPMCB | 393 Central Avenue | 393 Central Avenue | Jersey City | NJ | 07307 | Hudson | 1 | Multifamily | Garden | 1915 | 2017-2019 | 12 | Units | 91.7% | 09/30/19 | 3,300,000 |
18.07 | JPMCB | 104 Booraem Avenue | 104 Booraem Avenue | Jersey City | NJ | 07307 | Hudson | 1 | Multifamily | Garden | 1900 | 2017-2019 | 16 | Units | 100.0% | 09/30/19 | 2,700,000 |
18.08 | JPMCB | 55 Graham Street | 55 Graham Street | Jersey City | NJ | 07307 | Hudson | 1 | Multifamily | Garden | 1880 | 2017-2019 | 12 | Units | 100.0% | 09/30/19 | 2,500,000 |
18.09 | JPMCB | 95 Beacon Avenue | 95 Beacon Avenue | Jersey City | NJ | 07306 | Hudson | 1 | Multifamily | Garden | 1900 | 2017-2019 | 11 | Units | 90.9% | 09/30/19 | 2,000,000 |
19 | JPMCB | Grand Canal Shoppes | 3377 Las Vegas Boulevard South | Las Vegas | NV | 89109 | Clark | 1 | Retail | Specialty Retail | 1999 | 2007 | 759,891 | Square Feet | 94.0% | 05/31/19 | 1,640,000,000 |
20 | JPMCB | 230 Park Avenue South | 230 Park Avenue South | New York | NY | 10003 | New York | 1 | Office | CBD | 1895 | 2019 | 373,693 | Square Feet | 100.0% | 09/01/19 | 490,000,000 |
21 | JPMCB | Villas on Nueces | 2203 Nueces Street | Austin | TX | 78705 | Travis | 1 | Multifamily | Student Housing | 2019 | | 102 | Units | 100.0% | 10/18/19 | 56,900,000 |
22 | GACC | Glendale Portfolio | Various | Glendale | CA | Various | Los Angeles | 2 | Multifamily | Garden | Various | 2018 | 104 | Units | 96.2% | 09/25/19 | 44,810,000 |
22.01 | GACC | Windsor Villas | 1377 East Windsor Road | Glendale | CA | 91205 | Los Angeles | 1 | Multifamily | Garden | 1972 | 2018 | 62 | Units | 100.0% | 09/25/19 | 24,470,000 |
22.02 | GACC | 720 Louise | 720 North Louise Street | Glendale | CA | 91206 | Los Angeles | 1 | Multifamily | Garden | 1970 | 2018 | 42 | Units | 90.5% | 09/25/19 | 20,340,000 |
23 | JPMCB | 8 West Centre | 3505 West Sam Houston Parkway North | Houston | TX | 77043 | Harris | 1 | Office | Suburban | 2013 | | 227,045 | Square Feet | 100.0% | 07/31/19 | 70,000,000 |
24 | CREFI | Florham Park Corporate Center | 25 Vreeland Road | Florham Park | NJ | 07932 | Morris | 1 | Office | Suburban | 1983 | 2009 | 231,061 | Square Feet | 93.0% | 09/01/19 | 37,200,000 |
25 | GACC | Sparks Galleria | 4711-4760 Galleria Parkway and 151-255 Disc Drive | Sparks | NV | 89436 | Washoe | 1 | Retail | Anchored | 2005-2009 | | 210,429 | Square Feet | 88.6% | 10/01/19 | 36,640,000 |
26 | CREFI | 530 Midwood | 550 Kingston Avenue and 528 Midwood Street | Brooklyn | NY | 11203, 11225 | Kings | 1 | Multifamily | Mid-Rise | 2016 | | 48 | Units | 97.9% | 07/18/19 | 33,500,000 |
27 | JPMCB | The Rockland | 1301 West 24th Street | Lawrence | KS | 66046 | Douglas | 1 | Multifamily | Student Housing | 1986 | 2016-2019 | 647 | Units | 93.7% | 10/17/19 | 31,700,000 |
28 | JPMCB | Sunset North | 3120, 3150 & 3180 139th Avenue Southeast | Bellevue | WA | 98005 | King | 1 | Office | Suburban | 1999, 2000 | 2016-2019 | 464,061 | Square Feet | 98.8% | 09/30/19 | 227,100,000 |
29 | JPMCB | 600 & 620 National Avenue | 600 & 620 National Avenue | Mountain View | CA | 94043 | Santa Clara | 1 | Office | Suburban | 2017 | | 151,064 | Square Feet | 100.0% | 11/11/19 | 197,000,000 |
30 | JPMCB | City Hyde Park | 5105 South Harper Avenue | Chicago | IL | 60615 | Cook | 1 | Mixed Use | Multifamily/Retail | 2015 | | 180 | Units | 96.7% | 06/03/19 | 151,800,000 |
31 | CREFI | Keystone Plaza | 13503-13715 Biscayne Boulevard | North Miami Beach | FL | 33181 | Miami-Dade | 1 | Retail | Unanchored | 2002 | | 61,616 | Square Feet | 94.5% | 09/30/19 | 28,600,000 |
32 | JPMCB | The Shoppes at Southside | 9930-9990 Southside Boulevard | Jacksonville | FL | 32256 | Duval | 1 | Retail | Anchored | 2004 | | 109,113 | Square Feet | 100.0% | 09/13/19 | 23,400,000 |
33 | CREFI | Caughlin Ranch | 4788 Caughlin Parkway | Reno | NV | 89519 | Washoe | 1 | Retail | Anchored | 1991, 1992, 2002 | 2002 | 113,376 | Square Feet | 92.9% | 09/10/19 | 24,350,000 |
34 | GACC | SE Michigan Multifamily Portfolio | Various | Various | MI | Various | Various | 5 | Multifamily | Garden | Various | | 829 | Units | 94.3% | 07/31/19 | 25,660,000 |
34.01 | GACC | Anthos Garden | 5043 East Outer Drive | Detroit | MI | 48234 | Wayne | 1 | Multifamily | Garden | 1966 | | 335 | Units | 91.3% | 07/31/19 | 7,520,000 |
34.02 | GACC | Top of the Drive | 12870 West Outer Drive | Detroit | MI | 48223 | Wayne | 1 | Multifamily | Garden | 1968 | | 174 | Units | 96.6% | 07/31/19 | 7,130,000 |
34.03 | GACC | Victoria Place | 22325 West 8 Mile Road | Detroit | MI | 48219 | Wayne | 1 | Multifamily | Garden | 1968 | | 123 | Units | 95.9% | 07/31/19 | 4,430,000 |
34.04 | GACC | Park High | 127 Gerald Street | Highland Park | MI | 48203 | Wayne | 1 | Multifamily | Garden | 1965 | | 96 | Units | 95.8% | 07/31/19 | 3,350,000 |
| | | | | | Original | | Current | | | | | | Net | | | | | | |
| | | Appraisal | Current | Original | Balance | Current | Balance | % of Initial | Crossed | Related | Interest | Admin. | Mortgage | | Monthly Debt | Annual Debt | | First | Partial IO |
Loan # | Seller(1) | Property Name | Date | LTV %(5) | Balance ($)(6)(7) | per Unit ($) | Balance ($)(6)(7) | per Unit ($) | Pool Balance | Loan | Borrower(8) | Rate %(9) | Fee %(9) | Rate %(9) | Accrual Type | Service ($)(10)(11) | Service ($)(11) | Note Date | Payment Date | Last IO Payment |
1 | CREFI | Watergate Office Building | 08/29/19 | 69.5% | 73,000,000 | 339 | 73,000,000 | 339 | 5.5% | No | No | 3.73000 | 0.01058 | 3.71942 | Actual/360 | 230,059.84 | 2,760,718.08 | 09/26/19 | 11/06/19 | |
2 | GACC | 225 Bush | 09/05/19 | 34.6% | 60,000,000 | 351 | 60,000,000 | 351 | 4.5% | No | No | 3.30300 | 0.01344 | 3.28956 | Actual/360 | 167,443.75 | 2,009,325.00 | 10/11/19 | 12/06/19 | |
3 | JPMCB | Innovation Park | 08/22/19 | 68.8% | 60,000,000 | 98 | 60,000,000 | 98 | 4.5% | No | No | 3.50500 | 0.00895 | 3.49605 | Actual/360 | 177,684.03 | 2,132,208.36 | 10/18/19 | 12/01/19 | |
4 | JPMCB | The Essex | 08/21/19 | 39.9% | 56,900,000 | 600,000 | 56,900,000 | 600,000 | 4.3% | No | No | 2.75900 | 0.01058 | 2.74842 | Actual/360 | 132,639.56 | 1,591,674.72 | 10/25/19 | 12/01/19 | |
5 | GACC | 180 Water | 09/18/19 | 30.5% | 50,000,000 | 239,965 | 50,000,000 | 239,965 | 3.8% | No | No | 3.41038 | 0.00895 | 3.40143 | Actual/360 | 144,072.64 | 1,728,871.68 | 10/18/19 | 12/06/19 | |
6 | CREFI | Harvey Building Products | Various | 69.4% | 50,000,000 | 78 | 50,000,000 | 78 | 3.8% | No | No | 3.82000 | 0.01058 | 3.80942 | Actual/360 | 233,548.31 | 2,802,579.72 | 10/21/19 | 12/06/19 | 11/06/24 |
6.01 | CREFI | Londonderry / Manufacturing | 09/26/19 | | 9,656,250 | | 9,656,250 | | 0.7% | | | | | | | | | | | |
6.02 | CREFI | Dartmouth / Manufacturing | 09/25/19 | | 5,625,000 | | 5,625,000 | | 0.4% | | | | | | | | | | | |
6.03 | CREFI | Waltham Corporate | 09/25/19 | | 4,898,438 | | 4,898,438 | | 0.4% | | | | | | | | | | | |
6.04 | CREFI | Woburn | 09/25/19 | | 2,796,875 | | 2,796,875 | | 0.2% | | | | | | | | | | | |
6.05 | CREFI | Nashua | 09/26/19 | | 2,062,500 | | 2,062,500 | | 0.2% | | | | | | | | | | | |
6.06 | CREFI | Woburn CPD | 09/25/19 | | 2,000,000 | | 2,000,000 | | 0.2% | | | | | | | | | | | |
6.07 | CREFI | (West) Bridgewater | 09/26/19 | | 1,746,875 | | 1,746,875 | | 0.1% | | | | | | | | | | | |
6.08 | CREFI | Manchester, NH | 09/26/19 | | 1,625,000 | | 1,625,000 | | 0.1% | | | | | | | | | | | |
6.09 | CREFI | Norwalk 256 | 09/26/19 | | 1,500,000 | | 1,500,000 | | 0.1% | | | | | | | | | | | |
6.10 | CREFI | New London | 09/26/19 | | 1,406,250 | | 1,406,250 | | 0.1% | | | | | | | | | | | |
6.11 | CREFI | East Haven | 09/26/19 | | 1,346,875 | | 1,346,875 | | 0.1% | | | | | | | | | | | |
6.12 | CREFI | Lincoln | 09/27/19 | | 1,300,000 | | 1,300,000 | | 0.1% | | | | | | | | | | | |
6.13 | CREFI | Bethlehem | 09/18/19 | | 1,218,750 | | 1,218,750 | | 0.1% | | | | | | | | | | | |
6.14 | CREFI | Salem | 09/26/19 | | 1,218,750 | | 1,218,750 | | 0.1% | | | | | | | | | | | |
6.15 | CREFI | Norwalk 260 | 09/26/19 | | 1,198,438 | | 1,198,438 | | 0.1% | | | | | | | | | | | |
6.16 | CREFI | Berlin | 09/26/19 | | 1,109,375 | | 1,109,375 | | 0.1% | | | | | | | | | | | |
6.17 | CREFI | Dartmouth | 09/25/19 | | 1,096,875 | | 1,096,875 | | 0.1% | | | | | | | | | | | |
6.18 | CREFI | Manchester, CT | 09/26/19 | | 873,438 | | 873,438 | | 0.1% | | | | | | | | | | | |
6.19 | CREFI | Portland | 09/26/19 | | 843,750 | | 843,750 | | 0.1% | | | | | | | | | | | |
6.20 | CREFI | Braintree | 09/26/19 | | 828,125 | | 828,125 | | 0.1% | | | | | | | | | | | |
6.21 | CREFI | Warwick | 09/27/19 | | 771,875 | | 771,875 | | 0.1% | | | | | | | | | | | |
6.22 | CREFI | Fitchburg | 09/25/19 | | 656,250 | | 656,250 | | 0.0% | | | | | | | | | | | |
6.23 | CREFI | Auburn | 09/25/19 | | 643,750 | | 643,750 | | 0.0% | | | | | | | | | | | |
6.24 | CREFI | Berlin CPD | 09/26/19 | | 640,625 | | 640,625 | | 0.0% | | | | | | | | | | | |
6.25 | CREFI | Southampton | 09/17/19 | | 537,500 | | 537,500 | | 0.0% | | | | | | | | | | | |
6.26 | CREFI | Portsmouth | 09/26/19 | | 625,000 | | 625,000 | | 0.0% | | | | | | | | | | | |
6.27 | CREFI | Wilkes-Barre | 09/18/19 | | 500,000 | | 500,000 | | 0.0% | | | | | | | | | | | |
6.28 | CREFI | Hyannis | 09/25/19 | | 484,375 | | 484,375 | | 0.0% | | | | | | | | | | | |
6.29 | CREFI | Springfield | 09/27/19 | | 467,188 | | 467,188 | | 0.0% | | | | | | | | | | | |
6.30 | CREFI | White River Junction | 09/26/19 | | 321,875 | | 321,875 | | 0.0% | | | | | | | | | | | |
7 | CREFI | Legends at Village West | 09/01/21 | 53.3% | 50,000,000 | 171 | 50,000,000 | 171 | 3.8% | No | No | 3.86000 | 0.02933 | 3.83067 | Actual/360 | 234,689.75 | 2,816,277.00 | 10/22/19 | 12/06/19 | |
8 | GACC | 80 on the Commons | 09/16/19 | 64.4% | 47,300,000 | 160 | 47,300,000 | 160 | 3.6% | No | No | 2.95000 | 0.01058 | 2.93942 | Actual/360 | 117,894.16 | 1,414,729.92 | 10/08/19 | 12/06/19 | |
9 | JPMCB | Osborn Triangle | 04/11/19 | 37.1% | 40,000,000 | 635 | 40,000,000 | 635 | 3.0% | No | No | 3.79700 | 0.00895 | 3.78805 | Actual/360 | 128,324.54 | 1,539,894.48 | 05/16/19 | 07/01/19 | |
9.01 | JPMCB | 610 Main Street North | 04/11/19 | | 16,146,087 | | 16,146,087 | | 1.2% | | | | | | | | | | | |
9.02 | JPMCB | 1 Portland Street | 04/11/19 | | 14,260,870 | | 14,260,870 | | 1.1% | | | | | | | | | | | |
9.03 | JPMCB | 700 Main Street | 04/11/19 | | 9,593,043 | | 9,593,043 | | 0.7% | | | | | | | | | | | |
10 | JPMCB | Tysons Tower | 08/12/19 | 52.1% | 40,000,000 | 359 | 40,000,000 | 359 | 3.0% | No | No | 3.33000 | 0.01020 | 3.31980 | Actual/360 | 112,541.67 | 1,350,500.04 | 09/12/19 | 11/11/19 | |
11 | JPMCB | 900 & 990 Stewart Avenue | 05/02/19 | 69.2% | 39,000,000 | 182 | 39,000,000 | 182 | 2.9% | No | No | 4.49000 | 0.00895 | 4.48105 | Actual/360 | 147,951.74 | 1,775,420.88 | 07/25/19 | 09/01/19 | |
12 | JPMCB | Hilton Cincinnati Netherland Plaza | 08/22/19 | 68.7% | 35,500,000 | 129,234 | 35,500,000 | 129,234 | 2.7% | No | No | 5.35000 | 0.01058 | 5.33942 | Actual/360 | 198,236.86 | 2,378,842.32 | 10/02/19 | 12/01/19 | |
13 | CREFI | Oro Valley Marketplace | 07/31/19 | 66.3% | 35,250,000 | 68 | 35,250,000 | 68 | 2.7% | No | No | 3.93000 | 0.01058 | 3.91942 | Actual/360 | 166,869.46 | 2,002,433.52 | 09/19/19 | 11/06/19 | 10/06/22 |
14 | JPMCB | Spectrum Brands Global Headquarters | 08/13/19 | 65.3% | 34,000,000 | 135 | 34,000,000 | 135 | 2.6% | No | No | 3.43000 | 0.01058 | 3.41942 | Actual/360 | 98,533.10 | 1,182,397.20 | 10/11/19 | 12/01/19 | |
15 | CREFI | Compass AGP Storage Portfolio | Various | 62.2% | 33,000,000 | 81 | 33,000,000 | 81 | 2.5% | No | No | 3.57000 | 0.01233 | 3.55767 | Actual/360 | 99,538.54 | 1,194,462.48 | 10/08/19 | 12/06/19 | |
15.01 | CREFI | Compass Self Storage Bloomfield | 09/06/19 | | 13,000,000 | | 13,000,000 | | 1.0% | | | | | | | | | | | |
15.02 | CREFI | Compass Self Storage Smyrna | 09/05/19 | | 4,668,040 | | 4,668,040 | | 0.4% | | | | | | | | | | | |
15.03 | CREFI | Compass Self Storage Port Richey | 09/07/19 | | 4,206,680 | | 4,206,680 | | 0.3% | | | | | | | | | | | |
15.04 | CREFI | Compass Self Storage Wendell | 09/09/19 | | 3,914,200 | | 3,914,200 | | 0.3% | | | | | | | | | | | |
15.05 | CREFI | Compass Self Storage Duluth | 09/05/19 | | 3,676,480 | | 3,676,480 | | 0.3% | | | | | | | | | | | |
15.06 | CREFI | Compass Self Storage Kennesaw | 09/05/19 | | 3,534,600 | | 3,534,600 | | 0.3% | | | | | | | | | | | |
16 | GACC | 221 West 29th St | 06/28/19 | 70.5% | 32,500,000 | 342,105 | 32,500,000 | 342,105 | 2.5% | No | No | 3.83300 | 0.01058 | 3.82242 | Actual/360 | 132,474.09 | 1,589,689.08 | 10/15/19 | 12/06/19 | |
17 | JPMCB | Jersey City Group 1 | Various | 78.6% | 32,050,000 | 175,137 | 32,050,000 | 175,137 | 2.4% | No | Yes - Group 1 | 4.62000 | 0.01058 | 4.60942 | Actual/360 | 164,685.82 | 1,976,229.84 | 10/25/19 | 12/01/19 | 11/01/24 |
17.01 | JPMCB | 92 & 96 Highland Avenue | 09/18/19 | | 6,519,975 | | 6,519,975 | | 0.5% | | | | | | | | | | | |
17.02 | JPMCB | 58 Van Reypen Street | 09/17/19 | | 4,006,250 | | 4,006,250 | | 0.3% | | | | | | | | | | | |
17.03 | JPMCB | 67 Stuyvesant Avenue | 09/17/19 | | 3,927,696 | | 3,927,696 | | 0.3% | | | | | | | | | | | |
17.04 | JPMCB | 2729 John F. Kennedy Boulevard | 09/16/19 | | 3,927,696 | | 3,927,696 | | 0.3% | | | | | | | | | | | |
17.05 | JPMCB | 1 Britton Street | 09/18/19 | | 3,692,035 | | 3,692,035 | | 0.3% | | | | | | | | | | | |
17.06 | JPMCB | 46 Vroom Street | 09/17/19 | | 3,142,157 | | 3,142,157 | | 0.2% | | | | | | | | | | | |
17.07 | JPMCB | 6 Tonnele Avenue | 09/17/19 | | 2,513,725 | | 2,513,725 | | 0.2% | | | | | | | | | | | |
17.08 | JPMCB | 114 Stuyvesant Avenue | 09/17/19 | | 1,571,078 | | 1,571,078 | | 0.1% | | | | | | | | | | | |
17.09 | JPMCB | 64 Newkirk Street | 09/17/19 | | 1,492,525 | | 1,492,525 | | 0.1% | | | | | | | | | | | |
17.10 | JPMCB | 153 Academy Street | 09/18/19 | | 1,256,863 | | 1,256,863 | | 0.1% | | | | | | | | | | | |
18 | JPMCB | Jersey City Group 3 | Various | 78.6% | 31,110,000 | 168,162 | 31,110,000 | 168,162 | 2.4% | No | Yes - Group 1 | 4.62000 | 0.01058 | 4.60942 | Actual/360 | 159,855.72 | 1,918,268.64 | 10/25/19 | 12/01/19 | 11/01/24 |
18.01 | JPMCB | 3143 & 3149 John F. Kennedy Boulevard | 09/17/19 | | 5,813,485 | | 5,813,485 | | 0.4% | | | | | | | | | | | |
18.02 | JPMCB | 169 Manhattan Avenue | 09/18/19 | | 5,106,439 | | 5,106,439 | | 0.4% | | | | | | | | | | | |
18.03 | JPMCB | 78 Congress Street | 09/18/19 | | 4,713,636 | | 4,713,636 | | 0.4% | | | | | | | | | | | |
18.04 | JPMCB | 516, 518 & 520 Central Avenue | 09/17/19 | | 4,556,515 | | 4,556,515 | | 0.3% | | | | | | | | | | | |
18.05 | JPMCB | 3719 John F. Kennedy Boulevard | 09/18/19 | | 2,671,061 | | 2,671,061 | | 0.2% | | | | | | | | | | | |
18.06 | JPMCB | 393 Central Avenue | 09/18/19 | | 2,592,500 | | 2,592,500 | | 0.2% | | | | | | | | | | | |
18.07 | JPMCB | 104 Booraem Avenue | 09/18/19 | | 2,121,137 | | 2,121,137 | | 0.2% | | | | | | | | | | | |
18.08 | JPMCB | 55 Graham Street | 09/18/19 | | 1,964,015 | | 1,964,015 | | 0.1% | | | | | | | | | | | |
18.09 | JPMCB | 95 Beacon Avenue | 09/18/19 | | 1,571,212 | | 1,571,212 | | 0.1% | | | | | | | | | | | |
19 | JPMCB | Grand Canal Shoppes | 04/03/19 | 46.3% | 30,384,615 | 1,000 | 30,384,615 | 1,000 | 2.3% | No | No | 3.74080 | 0.00895 | 3.73185 | Actual/360 | 96,034.52 | 1,152,414.24 | 06/03/19 | 08/01/19 | |
20 | JPMCB | 230 Park Avenue South | 07/24/19 | 51.0% | 30,000,000 | 669 | 30,000,000 | 669 | 2.3% | No | No | 3.27000 | 0.01020 | 3.25980 | Actual/360 | 82,885.42 | 994,625.04 | 09/11/19 | 10/11/19 | |
21 | JPMCB | Villas on Nueces | 09/02/19 | 52.7% | 30,000,000 | 294,118 | 30,000,000 | 294,118 | 2.3% | No | No | 4.59833 | 0.03058 | 4.56775 | Actual/360 | 116,554.89 | 1,398,658.68 | 10/07/19 | 12/01/19 | |
22 | GACC | Glendale Portfolio | 06/12/19 | 62.9% | 28,200,000 | 271,154 | 28,200,000 | 271,154 | 2.1% | No | No | 3.96500 | 0.01058 | 3.95442 | Actual/360 | 94,471.63 | 1,133,659.56 | 09/30/19 | 11/06/19 | |
22.01 | GACC | Windsor Villas | 06/12/19 | | 15,399,554 | | 15,399,554 | | 1.2% | | | | | | | | | | | |
22.02 | GACC | 720 Louise | 06/12/19 | | 12,800,446 | | 12,800,446 | | 1.0% | | | | | | | | | | | |
23 | JPMCB | 8 West Centre | 09/04/19 | 63.1% | 26,000,000 | 195 | 26,000,000 | 195 | 2.0% | No | No | 3.88800 | 0.02058 | 3.86742 | Actual/360 | 122,455.05 | 1,469,460.60 | 10/22/19 | 12/01/19 | |
24 | CREFI | Florham Park Corporate Center | 09/01/20 | 67.2% | 25,000,000 | 108 | 25,000,000 | 108 | 1.9% | No | No | 3.92000 | 0.01058 | 3.90942 | Actual/360 | 118,203.68 | 1,418,444.16 | 09/26/19 | 11/06/19 | 10/06/21 |
25 | GACC | Sparks Galleria | 08/14/19 | 64.2% | 23,523,500 | 112 | 23,523,500 | 112 | 1.8% | No | No | 3.13000 | 0.04058 | 3.08942 | Actual/360 | 62,209.31 | 746,511.72 | 10/04/19 | 11/06/19 | |
26 | CREFI | 530 Midwood | 07/25/19 | 64.5% | 21,600,000 | 450,000 | 21,600,000 | 450,000 | 1.6% | No | No | 3.88000 | 0.01058 | 3.86942 | Actual/360 | 70,810.00 | 849,720.00 | 09/25/19 | 11/06/19 | |
27 | JPMCB | The Rockland | 07/17/19 | 63.3% | 20,053,000 | 30,994 | 20,053,000 | 30,994 | 1.5% | No | No | 3.89000 | 0.04058 | 3.84942 | Actual/360 | 94,468.78 | 1,133,625.36 | 10/08/19 | 12/01/19 | 11/01/24 |
28 | JPMCB | Sunset North | 08/21/19 | 66.1% | 20,000,000 | 323 | 20,000,000 | 323 | 1.5% | No | No | 3.25000 | 0.00895 | 3.24105 | Actual/360 | 54,918.98 | 659,027.76 | 09/10/19 | 11/01/19 | |
29 | JPMCB | 600 & 620 National Avenue | 08/19/19 | 70.0% | 20,000,000 | 913 | 20,000,000 | 913 | 1.5% | No | No | 3.68800 | 0.00895 | 3.67905 | Actual/360 | 62,320.37 | 747,844.44 | 09/11/19 | 10/11/19 | |
30 | JPMCB | City Hyde Park | 06/03/19 | 73.8% | 20,000,000 | 622,222 | 20,000,000 | 622,222 | 1.5% | No | No | 4.70000 | 0.00895 | 4.69105 | Actual/360 | 103,727.56 | 1,244,730.72 | 09/09/19 | 11/01/19 | 10/01/24 |
31 | CREFI | Keystone Plaza | 08/29/19 | 64.7% | 18,500,000 | 300 | 18,500,000 | 300 | 1.4% | No | No | 3.89000 | 0.01058 | 3.87942 | Actual/360 | 96,529.69 | 1,158,356.28 | 10/16/19 | 12/06/19 | |
32 | JPMCB | The Shoppes at Southside | 08/13/19 | 70.5% | 16,500,000 | 151 | 16,500,000 | 151 | 1.2% | No | No | 4.15000 | 0.01058 | 4.13942 | Actual/360 | 80,207.05 | 962,484.60 | 09/24/19 | 11/01/19 | 10/01/24 |
33 | CREFI | Caughlin Ranch | 09/06/19 | 65.0% | 15,827,000 | 140 | 15,827,000 | 140 | 1.2% | No | No | 3.90000 | 0.01058 | 3.88942 | Actual/360 | 52,152.16 | 625,825.92 | 10/09/19 | 12/06/19 | |
34 | GACC | SE Michigan Multifamily Portfolio | 08/19/19 | 54.6% | 14,000,000 | 16,888 | 14,000,000 | 16,888 | 1.1% | No | No | 3.83000 | 0.03933 | 3.79067 | Actual/360 | 45,303.94 | 543,647.28 | 10/15/19 | 12/06/19 | |
34.01 | GACC | Anthos Garden | 08/19/19 | | 4,102,885 | | 4,102,885 | | 0.3% | | | | | | | | | | | |
34.02 | GACC | Top of the Drive | 08/19/19 | | 3,890,101 | | 3,890,101 | | 0.3% | | | | | | | | | | | |
34.03 | GACC | Victoria Place | 08/19/19 | | 2,416,991 | | 2,416,991 | | 0.2% | | | | | | | | | | | |
34.04 | GACC | Park High | 08/19/19 | | 1,827,747 | | 1,827,747 | | 0.1% | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | |
| | | Partial IO Loan | Rem. | Rem. | | | Payment | Grace Period | Grace Period | | | Final | Maturity/ARD | | Maturity | Prepayment |
Loan # | Seller(1) | Property Name | First P&I Payment | Term | Amort | I/O Period | Seasoning | Due Date | (Late Payment)(12) | (Default)(12) | Maturity Date | ARD Loan | Mat Date | Balance ($)(6) | | LTV %(5) | Provision (Payments)(13) |
1 | CREFI | Watergate Office Building | | 119 | 0 | 120 | 1 | 6 | 0 | 0 | 10/06/29 | No | 10/06/29 | 73,000,000 | | 69.5% | L(25),Def(90),O(5) |
2 | GACC | 225 Bush | | 60 | 0 | 60 | 0 | 6 | 0 | 0 | 11/06/24 | No | 11/06/24 | 60,000,000 | | 34.6% | L(24),Def(30),O(6) |
3 | JPMCB | Innovation Park | | 120 | 0 | 120 | 0 | 1 | 0 | 5 (Once per year) | 11/01/29 | No | 11/01/29 | 60,000,000 | | 68.8% | L(25),Grtr1%orYM(91),O(4) |
4 | JPMCB | The Essex | | 84 | 0 | 84 | 0 | 1 | 0 | 0 | 11/01/26 | No | 11/01/26 | 56,900,000 | | 39.9% | L(24),Def(55),O(5) |
5 | GACC | 180 Water | | 60 | 0 | 60 | 0 | 6 | 0 | 0 | 11/06/24 | No | 11/06/24 | 50,000,000 | | 30.5% | L(24),Def(32),O(4) |
6 | CREFI | Harvey Building Products | 12/06/24 | 120 | 360 | 60 | 0 | 6 | 0 | 0 | 11/06/29 | No | 11/06/29 | 45,234,779 | | 62.8% | L(24),DeforGrtr1%orYM(90),O(6) |
6.01 | CREFI | Londonderry / Manufacturing | | | | | | | | | | | | 8,735,967 | | | |
6.02 | CREFI | Dartmouth / Manufacturing | | | | | | | | | | | | 5,088,913 | | | |
6.03 | CREFI | Waltham Corporate | | | | | | | | | | | | 4,431,595 | | | |
6.04 | CREFI | Woburn | | | �� | | | | | | | | | 2,530,320 | | | |
6.05 | CREFI | Nashua | | | | | | | | | | | | 1,865,935 | | | |
6.06 | CREFI | Woburn CPD | | | | | | | | | | | | 1,809,391 | | | |
6.07 | CREFI | (West) Bridgewater | | | | | | | | | | | | 1,580,390 | | | |
6.08 | CREFI | Manchester, NH | | | | | | | | | | | | 1,470,130 | | | |
6.09 | CREFI | Norwalk 256 | | | | | | | | | | | | 1,357,043 | | | |
6.10 | CREFI | New London | | | | | | | | | | | | 1,272,228 | | | |
6.11 | CREFI | East Haven | | | | | | | | | | | | 1,218,512 | | | |
6.12 | CREFI | Lincoln | | | | | | | | | | | | 1,176,104 | | | |
6.13 | CREFI | Bethlehem | | | | | | | | | | | | 1,102,598 | | | |
6.14 | CREFI | Salem | | | | | | | | | | | | 1,102,598 | | | |
6.15 | CREFI | Norwalk 260 | | | | | | | | | | | | 1,084,221 | | | |
6.16 | CREFI | Berlin | | | | | | | | | | | | 1,003,647 | | | |
6.17 | CREFI | Dartmouth | | | | | | | | | | | | 992,338 | | | |
6.18 | CREFI | Manchester, CT | | | | | | | | | | | | 790,195 | | | |
6.19 | CREFI | Portland | | | | | | | | | | | | 763,337 | | | |
6.20 | CREFI | Braintree | | | | | | | | | | | | 749,201 | | | |
6.21 | CREFI | Warwick | | | | | | | | | | | | 698,312 | | | |
6.22 | CREFI | Fitchburg | | | | | | | | | | | | 593,706 | | | |
6.23 | CREFI | Auburn | | | | | | | | | | | | 582,398 | | | |
6.24 | CREFI | Berlin CPD | | | | | | | | | | | | 579,571 | | | |
6.25 | CREFI | Southampton | | | | | | | | | | | | 486,274 | | | |
6.26 | CREFI | Portsmouth | | | | | | | | | | | | 565,435 | | | |
6.27 | CREFI | Wilkes-Barre | | | | | | | | | | | | 452,348 | | | |
6.28 | CREFI | Hyannis | | | | | | | | | | | | 438,212 | | | |
6.29 | CREFI | Springfield | | | | | | | | | | | | 422,662 | | | |
6.30 | CREFI | White River Junction | | | | | | | | | | | | 291,199 | | | |
7 | CREFI | Legends at Village West | | 60 | 360 | 0 | 0 | 6 | 0 | 5 | 11/06/24 | No | 11/06/24 | 45,272,295 | | 48.3% | L(24),Def(32),O(4) |
8 | GACC | 80 on the Commons | | 120 | 0 | 120 | 0 | 6 | 0 | 0 | 11/06/29 | No | 11/06/29 | 47,300,000 | | 64.4% | L(24),Def(92),O(4) |
9 | JPMCB | Osborn Triangle | | 115 | 0 | 120 | 5 | 1 | 0 | 0 | 06/01/29 | No | 06/01/29 | 40,000,000 | | 37.1% | L(25),Grtr1%orYM(88),O(7) |
9.01 | JPMCB | 610 Main Street North | | | | | | | | | | | | 16,146,087 | | | |
9.02 | JPMCB | 1 Portland Street | | | | | | | | | | | | 14,260,870 | | | |
9.03 | JPMCB | 700 Main Street | | | | | | | | | | | | 9,593,043 | | | |
10 | JPMCB | Tysons Tower | | 119 | 0 | 120 | 1 | 11 | 5 | 0 | 10/11/29 | No | 10/11/29 | 40,000,000 | | 52.1% | L(25),Grtr1%orYM(90),O(5) |
11 | JPMCB | 900 & 990 Stewart Avenue | | 57 | 0 | 60 | 3 | 1 | 0 | 0 | 08/01/24 | No | 08/01/24 | 39,000,000 | | 69.2% | L(25),Grtr1%orYM(32),O(3) |
12 | JPMCB | Hilton Cincinnati Netherland Plaza | | 60 | 360 | 0 | 0 | 1 | 0 | 0 | 11/01/24 | No | 11/01/24 | 32,914,191 | | 63.7% | L(24),Def(33),O(3) |
13 | CREFI | Oro Valley Marketplace | 11/06/22 | 119 | 360 | 36 | 1 | 6 | 0 | 0 | 10/06/29 | No | 10/06/29 | 30,440,464 | | 57.2% | L(25),Def(91),O(4) |
14 | JPMCB | Spectrum Brands Global Headquarters | | 120 | 0 | 120 | 0 | 1 | 0 | 0 | 11/01/29 | No | 11/01/29 | 34,000,000 | | 65.3% | L(24),Def(92),O(4) |
15 | CREFI | Compass AGP Storage Portfolio | | 120 | 0 | 120 | 0 | 6 | 0 | 0 | 11/06/29 | No | 11/06/29 | 33,000,000 | | 62.2% | L(24),Def(92),O(4) |
15.01 | CREFI | Compass Self Storage Bloomfield | | | | | | | | | | | | 13,000,000 | | | |
15.02 | CREFI | Compass Self Storage Smyrna | | | | | | | | | | | | 4,668,040 | | | |
15.03 | CREFI | Compass Self Storage Port Richey | | | | | | | | | | | | 4,206,680 | | | |
15.04 | CREFI | Compass Self Storage Wendell | | | | | | | | | | | | 3,914,200 | | | |
15.05 | CREFI | Compass Self Storage Duluth | | | | | | | | | | | | 3,676,480 | | | |
15.06 | CREFI | Compass Self Storage Kennesaw | | | | | | | | | | | | 3,534,600 | | | |
16 | GACC | 221 West 29th St | | 120 | 480 | 0 | 0 | 6 | 0 | 0 | 11/06/29 | No | 11/06/29 | 28,526,704 | | 61.9% | L(24),Def(90),O(6) |
17 | JPMCB | Jersey City Group 1 | 12/01/24 | 120 | 360 | 60 | 0 | 1 | 0 | 0 | 11/01/29 | No | 11/01/29 | 29,383,247 | | 72.0% | L(24),Def(93),O(3) |
17.01 | JPMCB | 92 & 96 Highland Avenue | | | | | | | | | | | | 5,977,474 | | | |
17.02 | JPMCB | 58 Van Reypen Street | | | | | | | | | | | | 3,672,906 | | | |
17.03 | JPMCB | 67 Stuyvesant Avenue | | | | | | | | | | | | 3,600,888 | | | |
17.04 | JPMCB | 2729 John F. Kennedy Boulevard | | | | | | | | | | | | 3,600,888 | | | |
17.05 | JPMCB | 1 Britton Street | | | | | | | | | | | | 3,384,835 | | | |
17.06 | JPMCB | 46 Vroom Street | | | | | | | | | | | | 2,880,711 | | | |
17.07 | JPMCB | 6 Tonnele Avenue | | | | | | | | | | | | 2,304,568 | | | |
17.08 | JPMCB | 114 Stuyvesant Avenue | | | | | | | | | | | | 1,440,355 | | | |
17.09 | JPMCB | 64 Newkirk Street | | | | | | | | | | | | 1,368,338 | | | |
17.10 | JPMCB | 153 Academy Street | | | | | | | | | | | | 1,152,284 | | | |
18 | JPMCB | Jersey City Group 3 | 12/01/24 | 120 | 360 | 60 | 0 | 1 | 0 | 0 | 11/01/29 | No | 11/01/29 | 28,521,461 | | 72.0% | L(24),Def(93),O(3) |
18.01 | JPMCB | 3143 & 3149 John F. Kennedy Boulevard | | | | | | | | | | | | 5,329,768 | | | |
18.02 | JPMCB | 169 Manhattan Avenue | | | | | | | | | | | | 4,681,553 | | | |
18.03 | JPMCB | 78 Congress Street | | | | | | | | | | | | 4,321,433 | | | |
18.04 | JPMCB | 516, 518 & 520 Central Avenue | | | | | | | | | | | | 4,177,386 | | | |
18.05 | JPMCB | 3719 John F. Kennedy Boulevard | | | | | | | | | | | | 2,448,813 | | | |
18.06 | JPMCB | 393 Central Avenue | | | | | | | | | | | | 2,376,788 | | | |
18.07 | JPMCB | 104 Booraem Avenue | | | | | | | | | | | | 1,944,646 | | | |
18.08 | JPMCB | 55 Graham Street | | | | | | | | | | | | 1,800,597 | | | |
18.09 | JPMCB | 95 Beacon Avenue | | | | | | | | | | | | 1,440,478 | | | |
19 | JPMCB | Grand Canal Shoppes | | 116 | 0 | 120 | 4 | 1 | 0 | 2 (Once per year) | 07/01/29 | No | 07/01/29 | 30,384,615 | | 46.3% | L(28),Def(87),O(5) |
20 | JPMCB | 230 Park Avenue South | | 118 | 0 | 120 | 2 | 11 | 5 | 0 | 09/11/29 | No | 09/11/29 | 30,000,000 | | 51.0% | L(26),DeforGrtr1%orYM(87),O(7) |
21 | JPMCB | Villas on Nueces | | 120 | 0 | 120 | 0 | 1 | 0 | 0 | 11/01/29 | No | 11/01/29 | 30,000,000 | | 52.7% | L(25),Grtr1%orYM(91),O(4) |
22 | GACC | Glendale Portfolio | | 119 | 0 | 120 | 1 | 6 | 0 | 0 | 10/06/29 | No | 10/06/29 | 28,200,000 | | 62.9% | L(25),Def(90),O(5) |
22.01 | GACC | Windsor Villas | | | | | | | | | | | | 15,399,554 | | | |
22.02 | GACC | 720 Louise | | | | | | | | | | | | 12,800,446 | | | |
23 | JPMCB | 8 West Centre | | 120 | 360 | 0 | 0 | 1 | 0 | 0 | 11/01/29 | No | 11/01/29 | 20,570,375 | | 50.0% | L(24),Def(92),O(4) |
24 | CREFI | Florham Park Corporate Center | 11/06/21 | 119 | 360 | 24 | 1 | 6 | 0 | 0 | 10/06/29 | No | 10/06/29 | 21,012,352 | | 56.5% | L(25),Def(92),O(3) |
25 | GACC | Sparks Galleria | | 119 | 0 | 120 | 1 | 6 | 0 | 0 | 10/06/29 | No | 10/06/29 | 23,523,500 | | 64.2% | L(25),Def(88),O(7) |
26 | CREFI | 530 Midwood | | 119 | 0 | 120 | 1 | 6 | 0 | 0 | 10/06/29 | No | 10/06/29 | 21,600,000 | | 64.5% | L(25),Def(89),O(6) |
27 | JPMCB | The Rockland | 12/01/24 | 120 | 360 | 60 | 0 | 1 | 0 | 0 | 11/01/29 | No | 11/01/29 | 18,163,882 | | 57.3% | L(25),Grtr1%orYM(92),O(3) |
28 | JPMCB | Sunset North | | 119 | 0 | 120 | 1 | 1 | 0 | 0 | 10/01/29 | No | 10/01/29 | 20,000,000 | | 66.1% | L(25),Def(91),O(4) |
29 | JPMCB | 600 & 620 National Avenue | | 118 | 0 | 120 | 2 | 11 | 5 | 0 | 09/11/29 | No | 09/11/29 | 20,000,000 | | 70.0% | L(26),Def(89),O(5) |
30 | JPMCB | City Hyde Park | 11/01/24 | 119 | 360 | 60 | 1 | 1 | 0 | 0 | 10/01/29 | No | 10/01/29 | 18,359,513 | | 67.7% | L(25),Def(89),O(6) |
31 | CREFI | Keystone Plaza | | 120 | 300 | 0 | 0 | 6 | 0 | 0 | 11/06/29 | No | 11/06/29 | 13,260,691 | | 46.4% | L(24),Def(93),O(3) |
32 | JPMCB | The Shoppes at Southside | 11/01/24 | 119 | 360 | 60 | 1 | 1 | 0 | 5 (Once per year) | 10/01/29 | No | 10/01/29 | 15,012,150 | | 64.2% | L(25),Def(91),O(4) |
33 | CREFI | Caughlin Ranch | | 60 | 0 | 60 | 0 | 6 | 0 | 0 | 11/06/24 | No | 11/06/24 | 15,827,000 | | 65.0% | L(24),Def(31),O(5) |
34 | GACC | SE Michigan Multifamily Portfolio | | 120 | 0 | 120 | 0 | 6 | 5 (Once per 366 day period) | 0 | 11/06/29 | No | 11/06/29 | 14,000,000 | | 54.6% | L(24),Def(92),O(4) |
34.01 | GACC | Anthos Garden | | | | | | | | | | | | 4,102,885 | | | |
34.02 | GACC | Top of the Drive | | | | | | | | | | | | 3,890,101 | | | |
34.03 | GACC | Victoria Place | | | | | | | | | | | | 2,416,991 | | | |
34.04 | GACC | Park High | | | | | | | | | | | | 1,827,747 | | | |
| | | | | | | | | | | | | | | | | | | |
| | | HISTORICAL FINANCIALS(14) | | | | |
| | | | | | | | | | | | | | | | UW | | | |
| | | 2016 | 2016 | 2016 | 2017 | 2017 | 2017 | 2018 | 2018 | 2018 | Most Recent | Most Recent | Most Recent | | Economic | UW | UW Total | UW |
Loan # | Seller(1) | Property Name | Revenues ($) | Total Expenses ($) | NOI ($) | Revenues ($) | Total Expenses ($) | NOI ($) | Revenues ($) | Total Expenses ($) | NOI ($) | Revenues ($) | Total Expenses ($) | NOI ($)(15) | As of | Occupancy % | Revenues ($)(4) | Expenses ($) | NOI ($)(4)(15)(16) |
1 | CREFI | Watergate Office Building | | | | 7,986,067 | 4,110,086 | 3,875,980 | 8,030,977 | 4,030,004 | 4,000,973 | 8,208,408 | 3,992,937 | 4,215,470 | 07/31/19 | 90.1% | 9,931,731 | 3,922,559 | 6,009,172 |
2 | GACC | 225 Bush | 36,849,963 | 11,423,601 | 25,426,362 | 35,806,940 | 11,018,547 | 24,788,393 | 36,782,955 | 11,108,481 | 25,674,474 | 36,531,101 | 12,018,844 | 24,512,257 | 08/31/19 | 95.1% | 41,830,321 | 14,566,655 | 27,263,666 |
3 | JPMCB | Innovation Park | 25,718,088 | 10,411,439 | 15,306,649 | 27,123,025 | 10,215,438 | 16,907,586 | 29,511,950 | 10,863,906 | 18,648,044 | 30,835,578 | 11,200,207 | 19,635,371 | 08/31/19 | 94.8% | 32,323,781 | 11,117,049 | 21,206,732 |
4 | JPMCB | The Essex | | | | | | | | | | | | | | 95.6% | 14,909,246 | 2,857,283 | 12,051,963 |
5 | GACC | 180 Water | | | | | | | 26,646,594 | 14,981,570 | 11,665,024 | 27,974,070 | 14,855,308 | 13,118,762 | 06/30/19 | 91.2% | 30,028,135 | 14,955,048 | 15,073,087 |
6 | CREFI | Harvey Building Products | | | | | | | | | | | | | | 95.0% | 18,933,995 | 4,362,956 | 14,571,039 |
6.01 | CREFI | Londonderry / Manufacturing | | | | | | | | | | | | | | 95.0% | 3,075,807 | 602,081 | 2,473,726 |
6.02 | CREFI | Dartmouth / Manufacturing | | | | | | | | | | | | | | 95.0% | 1,857,715 | 404,058 | 1,453,657 |
6.03 | CREFI | Waltham Corporate | | | | | | | | | | | | | | 95.0% | 1,809,308 | 458,310 | 1,350,997 |
6.04 | CREFI | Woburn | | | | | | | | | | | | | | 95.0% | 1,074,644 | 198,021 | 876,622 |
6.05 | CREFI | Nashua | | | | | | | | | | | | | | 95.0% | 846,682 | 212,320 | 634,361 |
6.06 | CREFI | Woburn CPD | | | | | | | | | | | | | | 95.0% | 768,259 | 145,891 | 622,368 |
6.07 | CREFI | (West) Bridgewater | | | | | | | | | | | | | | 95.0% | 787,578 | 256,259 | 531,318 |
6.08 | CREFI | Manchester, NH | | | | | | | | | | | | | | 95.0% | 627,924 | 130,200 | 497,724 |
6.09 | CREFI | Norwalk 256 | | | | | | | | | | | | | | 95.0% | 565,724 | 101,853 | 463,872 |
6.10 | CREFI | New London | | | | | | | | | | | | | | 95.0% | 594,004 | 159,374 | 434,630 |
6.11 | CREFI | East Haven | | | | | | | | | | | | | | 95.0% | 576,232 | 158,648 | 417,584 |
6.12 | CREFI | Lincoln | | | | | | | | | | | | | | 95.0% | 538,524 | 136,129 | 402,395 |
6.13 | CREFI | Bethlehem | | | | | | | | | | | | | | 95.0% | 516,178 | 143,546 | 372,631 |
6.14 | CREFI | Salem | | | | | | | | | | | | | | 95.0% | 471,894 | 94,447 | 377,447 |
6.15 | CREFI | Norwalk 260 | | | | | | | | | | | | | | 95.0% | 478,289 | 74,012 | 404,277 |
6.16 | CREFI | Berlin | | | | | | | | | | | | | | 95.0% | 480,220 | 102,462 | 377,758 |
6.17 | CREFI | Dartmouth | | | | | | | | | | | | | | 95.0% | 433,917 | 98,573 | 335,343 |
6.18 | CREFI | Manchester, CT | | | | | | | | | | | | | | 95.0% | 364,650 | 94,725 | 269,926 |
6.19 | CREFI | Portland | | | | | | | | | | | | | | 95.0% | 340,246 | 80,014 | 260,232 |
6.20 | CREFI | Braintree | | | | | | | | | | | | | | 95.0% | 362,958 | 110,968 | 251,990 |
6.21 | CREFI | Warwick | | | | | | | | | | | | | | 95.0% | 316,516 | 79,565 | 236,951 |
6.22 | CREFI | Fitchburg | | | | | | | | | | | | | | 95.0% | 265,297 | 63,546 | 201,751 |
6.23 | CREFI | Auburn | | | | | | | | | | | | | | 95.0% | 271,258 | 74,815 | 196,443 |
6.24 | CREFI | Berlin CPD | | | | | | | | | | | | | | 95.0% | 283,084 | 55,602 | 227,482 |
6.25 | CREFI | Southampton | | | | | | | | | | | | | | 95.0% | 239,533 | 75,248 | 164,285 |
6.26 | CREFI | Portsmouth | | | | | | | | | | | | | | 95.0% | 243,911 | 52,417 | 191,494 |
6.27 | CREFI | Wilkes-Barre | | | | | | | | | | | | | | 95.0% | 207,363 | 53,654 | 153,709 |
6.28 | CREFI | Hyannis | | | | | | | | | | | | | | 95.0% | 191,957 | 43,315 | 148,642 |
6.29 | CREFI | Springfield | | | | | | | | | | | | | | 95.0% | 216,088 | 73,253 | 142,835 |
6.30 | CREFI | White River Junction | | | | | | | | | | | | | | 95.0% | 128,239 | 29,650 | 98,589 |
7 | CREFI | Legends at Village West | 21,416,563 | 10,483,165 | 10,933,398 | 22,860,496 | 11,073,853 | 11,786,643 | 22,260,380 | 10,976,852 | 11,283,528 | 23,089,427 | 11,476,129 | 11,613,298 | 08/31/19 | 90.4% | 22,757,007 | 11,382,857 | 11,374,151 |
8 | GACC | 80 on the Commons | | | | | | | | | | 2,608,125 | 1,190,759 | 1,417,367 | 07/31/19 | 92.6% | 6,693,827 | 1,500,202 | 5,193,625 |
9 | JPMCB | Osborn Triangle | | | | 55,887,418 | 13,850,608 | 42,036,811 | 59,626,445 | 15,721,797 | 43,904,648 | 60,868,091 | 15,860,286 | 45,007,805 | 03/31/19 | 98.9% | 70,789,429 | 17,055,013 | 53,734,416 |
9.01 | JPMCB | 610 Main Street North | | | | 24,392,158 | 5,060,066 | 19,332,091 | 25,653,185 | 6,363,502 | 19,289,683 | 26,172,221 | 6,322,623 | 19,849,598 | 03/31/19 | 100.0% | 30,351,909 | 6,775,685 | 23,576,224 |
9.02 | JPMCB | 1 Portland Street | | | | 19,154,337 | 4,220,162 | 14,934,175 | 20,777,288 | 4,849,523 | 15,927,766 | 21,060,689 | 4,968,008 | 16,092,681 | 03/31/19 | 98.0% | 24,096,635 | 5,282,690 | 18,813,944 |
9.03 | JPMCB | 700 Main Street | | | | 12,340,923 | 4,570,379 | 7,770,545 | 13,195,972 | 4,508,772 | 8,687,199 | 13,635,181 | 4,569,654 | 9,065,526 | 03/31/19 | 98.0% | 16,340,886 | 4,996,638 | 11,344,248 |
10 | JPMCB | Tysons Tower | 21,644,915 | 9,082,050 | 12,562,865 | 27,892,936 | 10,012,518 | 17,880,418 | 31,348,225 | 10,382,557 | 20,965,668 | 32,202,713 | 10,500,194 | 21,702,519 | 06/30/19 | 90.0% | 31,434,407 | 10,604,603 | 20,829,804 |
11 | JPMCB | 900 & 990 Stewart Avenue | 12,150,135 | 7,167,351 | 4,982,784 | 10,887,285 | 6,689,472 | 4,197,812 | 11,627,171 | 7,149,331 | 4,477,840 | | | | | 89.0% | 14,329,713 | 6,653,537 | 7,676,175 |
12 | JPMCB | Hilton Cincinnati Netherland Plaza | 34,712,976 | 29,776,162 | 4,936,813 | 36,174,595 | 29,638,648 | 6,535,947 | 37,302,883 | 29,085,863 | 8,217,020 | 37,757,247 | 29,407,040 | 8,350,207 | 08/31/19 | 74.8% | 37,757,247 | 29,865,599 | 7,891,648 |
13 | CREFI | Oro Valley Marketplace | 5,703,195 | 2,135,402 | 3,567,793 | 5,861,187 | 2,238,260 | 3,622,927 | 5,958,206 | 2,304,239 | 3,653,967 | 5,456,780 | 2,212,469 | 3,244,310 | 06/30/19 | 76.9% | 5,519,270 | 2,338,280 | 3,180,990 |
14 | JPMCB | Spectrum Brands Global Headquarters | 3,565,332 | 715,499 | 2,849,833 | 4,330,045 | 1,043,208 | 3,286,836 | 4,286,235 | 951,992 | 3,334,243 | | | | | 95.0% | 4,237,922 | 804,669 | 3,433,253 |
15 | CREFI | Compass AGP Storage Portfolio | | | | 4,754,270 | 1,882,400 | 2,871,870 | 5,006,684 | 1,997,560 | 3,009,125 | 5,099,798 | 2,015,825 | 3,083,974 | 07/31/19 | 73.9% | 5,099,798 | 2,044,134 | 3,055,664 |
15.01 | CREFI | Compass Self Storage Bloomfield | | | | 1,662,856 | 718,250 | 944,606 | 1,780,004 | 728,697 | 1,051,307 | 1,795,383 | 699,094 | 1,096,289 | 07/31/19 | 70.7% | 1,795,383 | 728,053 | 1,067,330 |
15.02 | CREFI | Compass Self Storage Smyrna | | | | 672,836 | 239,667 | 433,169 | 714,751 | 258,632 | 456,119 | 738,057 | 273,776 | 464,281 | 07/31/19 | 74.7% | 738,057 | 267,132 | 470,925 |
15.03 | CREFI | Compass Self Storage Port Richey | | | | 706,340 | 265,020 | 441,320 | 724,512 | 288,531 | 435,980 | 705,138 | 287,752 | 417,386 | 07/31/19 | 77.1% | 705,138 | 297,246 | 407,892 |
15.04 | CREFI | Compass Self Storage Wendell | | | | 514,036 | 202,238 | 311,798 | 572,825 | 219,840 | 352,985 | 606,402 | 233,449 | 372,953 | 07/31/19 | 75.7% | 606,402 | 235,714 | 370,688 |
15.05 | CREFI | Compass Self Storage Duluth | | | | 592,541 | 215,432 | 377,109 | 617,874 | 261,147 | 356,727 | 645,324 | 275,946 | 369,378 | 07/31/19 | 79.6% | 645,324 | 269,958 | 375,366 |
15.06 | CREFI | Compass Self Storage Kennesaw | | | | 605,662 | 241,793 | 363,868 | 596,719 | 240,713 | 356,006 | 609,494 | 245,808 | 363,686 | 07/31/19 | 72.4% | 609,494 | 246,031 | 363,463 |
16 | GACC | 221 West 29th St | | | | | | | | | | 4,460,442 | 2,193,474 | 2,266,968 | 06/30/19 | 95.0% | 4,176,064 | 2,084,021 | 2,092,043 |
17 | JPMCB | Jersey City Group 1 | | | | | | | 2,386,611 | 922,463 | 1,464,148 | 2,597,179 | 971,005 | 1,626,174 | 08/31/19 | 97.4% | 2,905,039 | 726,957 | 2,178,082 |
17.01 | JPMCB | 92 & 96 Highland Avenue | | | | | | | | | | | | | | | | | |
17.02 | JPMCB | 58 Van Reypen Street | | | | | | | | | | | | | | | | | |
17.03 | JPMCB | 67 Stuyvesant Avenue | | | | | | | | | | | | | | | | | |
17.04 | JPMCB | 2729 John F. Kennedy Boulevard | | | | | | | | | | | | | | | | | |
17.05 | JPMCB | 1 Britton Street | | | | | | | | | | | | | | | | | |
17.06 | JPMCB | 46 Vroom Street | | | | | | | | | | | | | | | | | |
17.07 | JPMCB | 6 Tonnele Avenue | | | | | | | | | | | | | | | | | |
17.08 | JPMCB | 114 Stuyvesant Avenue | | | | | | | | | | | | | | | | | |
17.09 | JPMCB | 64 Newkirk Street | | | | | | | | | | | | | | | | | |
17.10 | JPMCB | 153 Academy Street | | | | | | | | | | | | | | | | | |
18 | JPMCB | Jersey City Group 3 | | | | | | | 2,246,269 | 985,517 | 1,260,752 | 2,434,201 | 987,148 | 1,447,053 | 08/31/19 | 96.2% | 2,839,738 | 716,862 | 2,122,877 |
18.01 | JPMCB | 3143 & 3149 John F. Kennedy Boulevard | | | | | | | | | | | | | | | | | |
18.02 | JPMCB | 169 Manhattan Avenue | | | | | | | | | | | | | | | | | |
18.03 | JPMCB | 78 Congress Street | | | | | | | | | | | | | | | | | |
18.04 | JPMCB | 516, 518 & 520 Central Avenue | | | | | | | | | | | | | | | | | |
18.05 | JPMCB | 3719 John F. Kennedy Boulevard | | | | | | | | | | | | | | | | | |
18.06 | JPMCB | 393 Central Avenue | | | | | | | | | | | | | | | | | |
18.07 | JPMCB | 104 Booraem Avenue | | | | | | | | | | | | | | | | | |
18.08 | JPMCB | 55 Graham Street | | | | | | | | | | | | | | | | | |
18.09 | JPMCB | 95 Beacon Avenue | | | | | | | | | | | | | | | | | |
19 | JPMCB | Grand Canal Shoppes | 112,655,066 | 33,296,436 | 79,358,630 | 107,586,327 | 33,160,381 | 74,425,947 | 103,110,653 | 31,784,180 | 71,326,473 | 102,473,435 | 31,007,624 | 71,465,811 | 03/31/19 | 100.0% | 104,029,334 | 31,007,624 | 73,021,709 |
20 | JPMCB | 230 Park Avenue South | | | | | | | | | | | | | | 97.1% | 33,596,638 | 11,449,082 | 22,147,556 |
21 | JPMCB | Villas on Nueces | | | | | | | | | | | | | | 95.0% | 4,210,245 | 1,324,158 | 2,886,087 |
22 | GACC | Glendale Portfolio | 1,548,388 | 604,678 | 943,709 | 1,620,249 | 604,703 | 1,015,546 | 1,067,656 | 691,337 | 376,319 | 1,778,528 | 799,889 | 978,639 | 08/30/19 | 95.0% | 2,826,504 | 874,276 | 1,952,228 |
22.01 | GACC | Windsor Villas | 858,734 | 325,864 | 532,870 | 914,010 | 293,911 | 620,099 | 645,928 | 379,431 | 266,497 | 896,608 | 430,089 | 466,519 | 08/30/19 | 95.0% | 1,543,773 | 475,636 | 1,068,137 |
22.02 | GACC | 720 Louise | 689,654 | 278,814 | 410,840 | 706,239 | 310,792 | 395,447 | 421,728 | 311,906 | 109,822 | 881,920 | 369,800 | 512,120 | 08/30/19 | 95.0% | 1,282,731 | 398,640 | 884,091 |
23 | JPMCB | 8 West Centre | 8,535,555 | 3,117,870 | 5,417,685 | 8,564,091 | 3,155,737 | 5,408,354 | 8,549,984 | 3,141,769 | 5,408,215 | 8,632,476 | 3,031,568 | 5,600,908 | 08/31/19 | 95.0% | 8,308,523 | 3,144,550 | 5,163,973 |
24 | CREFI | Florham Park Corporate Center | | | | 3,478,543 | 1,466,542 | 2,012,001 | 3,718,285 | 1,441,600 | 2,276,685 | 3,586,885 | 1,441,618 | 2,145,267 | 06/30/19 | 90.0% | 4,868,890 | 1,662,176 | 3,206,714 |
25 | GACC | Sparks Galleria | 2,430,044 | 792,638 | 1,637,406 | 3,270,808 | 785,764 | 2,485,044 | 3,045,324 | 913,604 | 2,131,720 | 3,646,600 | 874,719 | 2,771,881 | 07/31/19 | 90.3% | 3,491,577 | 837,515 | 2,654,062 |
26 | CREFI | 530 Midwood | | | | | | | | | | 1,774,131 | 272,398 | 1,501,733 | 07/31/19 | 96.5% | 1,771,143 | 230,953 | 1,540,190 |
27 | JPMCB | The Rockland | 4,242,193 | 2,287,389 | 1,954,804 | 4,480,556 | 2,455,742 | 2,024,814 | 4,443,166 | 2,620,964 | 1,822,202 | 4,374,516 | 2,648,556 | 1,725,960 | 06/30/19 | 90.2% | 4,643,783 | 2,501,514 | 2,142,269 |
28 | JPMCB | Sunset North | | | | 15,446,081 | 4,538,540 | 10,907,542 | 18,368,132 | 4,822,445 | 13,545,687 | 11,557,212 | 4,758,188 | 6,799,024 | 07/31/19 | 95.0% | 19,978,769 | 6,362,971 | 13,615,798 |
29 | JPMCB | 600 & 620 National Avenue | | | | | | | | | | | | | | 97.0% | 12,672,245 | 2,708,238 | 9,964,007 |
30 | JPMCB | City Hyde Park | | | | 6,111,863 | 1,840,579 | 4,271,284 | 8,181,154 | 3,120,842 | 5,060,312 | 9,137,147 | 2,989,676 | 6,147,471 | 06/30/19 | 98.0% | 10,396,195 | 2,862,031 | 7,534,164 |
31 | CREFI | Keystone Plaza | 2,013,804 | 681,586 | 1,332,218 | 2,281,069 | 712,797 | 1,568,273 | 2,361,319 | 738,170 | 1,623,149 | 2,325,048 | 763,892 | 1,561,157 | 07/31/19 | 94.9% | 2,525,442 | 798,576 | 1,726,866 |
32 | JPMCB | The Shoppes at Southside | 2,159,364 | 545,329 | 1,614,035 | 2,241,076 | 504,472 | 1,736,604 | 2,283,011 | 523,084 | 1,759,927 | 2,146,688 | 541,172 | 1,605,516 | 06/30/19 | 95.0% | 2,287,394 | 565,430 | 1,721,964 |
33 | CREFI | Caughlin Ranch | | | | | | | 1,874,312 | 569,748 | 1,304,564 | 2,109,113 | 585,763 | 1,523,350 | 08/31/19 | 91.0% | 2,160,681 | 607,086 | 1,553,595 |
34 | GACC | SE Michigan Multifamily Portfolio | 4,821,301 | 3,245,318 | 1,575,983 | 5,244,084 | 3,131,522 | 2,112,562 | 5,384,517 | 3,456,331 | 1,928,187 | 5,390,846 | 3,446,016 | 1,944,830 | 07/31/19 | 92.0% | 5,392,741 | 3,407,356 | 1,985,386 |
34.01 | GACC | Anthos Garden | 1,831,433 | 1,374,341 | 457,093 | 2,016,461 | 1,314,418 | 702,042 | 2,062,500 | 1,478,757 | 583,743 | 2,027,993 | 1,529,940 | 498,053 | 07/31/19 | 90.5% | 2,032,498 | 1,519,088 | 513,411 |
34.02 | GACC | Top of the Drive | 1,114,268 | 666,875 | 447,393 | 1,226,967 | 655,529 | 571,439 | 1,274,670 | 718,421 | 556,248 | 1,299,838 | 699,438 | 600,400 | 07/31/19 | 95.0% | 1,299,478 | 690,980 | 608,498 |
34.03 | GACC | Victoria Place | 644,470 | 415,526 | 228,945 | 668,812 | 405,799 | 263,013 | 718,800 | 396,901 | 321,899 | 731,587 | 409,548 | 322,039 | 07/31/19 | 88.4% | 731,119 | 399,811 | 331,308 |
34.04 | GACC | Park High | 587,472 | 399,496 | 187,977 | 630,427 | 343,256 | 287,171 | 649,894 | 408,180 | 241,715 | 643,762 | 369,809 | 273,953 | 07/31/19 | 92.6% | 643,696 | 359,625 | 284,070 |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | UW Capital | UW | UW | UW NCF | UW NOI | UW NCF | | Ground Lease | Ground Lease |
Loan # | Seller(1) | Property Name | Items ($) | NCF ($)(4)(16) | NOI DSCR(17) | DSCR(17) | Debt Yield % | Debt Yield % | Title Type(18) | Expiration | Extension Terms |
1 | CREFI | Watergate Office Building | 365,840 | 5,643,332 | 2.18 | 2.04 | 8.2% | 7.7% | Fee/Leasehold | | |
2 | GACC | 225 Bush | 985,978 | 26,277,688 | 4.00 | 3.85 | 13.4% | 12.9% | Fee | | |
3 | JPMCB | Innovation Park | 2,043,807 | 19,162,924 | 3.27 | 2.96 | 11.6% | 10.5% | Fee | | |
4 | JPMCB | The Essex | 58,500 | 11,993,463 | 3.68 | 3.66 | 10.3% | 10.3% | Fee | | |
5 | GACC | 180 Water | 117,355 | 14,955,732 | 3.17 | 3.15 | 11.0% | 10.9% | Fee | | |
6 | CREFI | Harvey Building Products | 1,034,637 | 13,536,402 | 1.62 | 1.51 | 9.1% | 8.5% | Fee | | |
6.01 | CREFI | Londonderry / Manufacturing | 160,689 | 2,313,037 | | | | | Fee | | |
6.02 | CREFI | Dartmouth / Manufacturing | 97,986 | 1,355,670 | | | | | Fee | | |
6.03 | CREFI | Waltham Corporate | 121,463 | 1,229,535 | | | | | Fee | | |
6.04 | CREFI | Woburn | 50,214 | 826,409 | | | | | Fee | | |
6.05 | CREFI | Nashua | 45,020 | 589,342 | | | | | Fee | | |
6.06 | CREFI | Woburn CPD | 36,040 | 586,328 | | | | | Fee | | |
6.07 | CREFI | (West) Bridgewater | 34,921 | 496,397 | | | | | Fee | | |
6.08 | CREFI | Manchester, NH | 33,837 | 463,887 | | | | | Fee | | |
6.09 | CREFI | Norwalk 256 | 24,887 | 438,985 | | | | | Fee | | |
6.10 | CREFI | New London | 28,146 | 406,484 | | | | | Fee | | |
6.11 | CREFI | East Haven | 29,877 | 387,707 | | | | | Fee | | |
6.12 | CREFI | Lincoln | 30,898 | 371,497 | | | | | Fee | | |
6.13 | CREFI | Bethlehem | 29,588 | 343,044 | | | | | Fee | | |
6.14 | CREFI | Salem | 27,031 | 350,416 | | | | | Fee | | |
6.15 | CREFI | Norwalk 260 | 19,032 | 385,245 | | | | | Fee | | |
6.16 | CREFI | Berlin | 23,911 | 353,847 | | | | | Fee | | |
6.17 | CREFI | Dartmouth | 27,051 | 308,292 | | | | | Fee | | |
6.18 | CREFI | Manchester, CT | 18,998 | 250,928 | | | | | Fee | | |
6.19 | CREFI | Portland | 26,996 | 233,235 | | | | | Fee | | |
6.20 | CREFI | Braintree | 20,617 | 231,373 | | | | | Fee | | |
6.21 | CREFI | Warwick | 17,365 | 219,586 | | | | | Fee | | |
6.22 | CREFI | Fitchburg | 21,474 | 180,277 | | | | | Fee | | |
6.23 | CREFI | Auburn | 21,813 | 174,630 | | | | | Fee | | |
6.24 | CREFI | Berlin CPD | 13,935 | 213,548 | | | | | Fee | | |
6.25 | CREFI | Southampton | 13,547 | 150,739 | | | | | Fee | | |
6.26 | CREFI | Portsmouth | 14,039 | 177,455 | | | | | Fee | | |
6.27 | CREFI | Wilkes-Barre | 12,188 | 141,521 | | | | | Fee | | |
6.28 | CREFI | Hyannis | 10,026 | 138,616 | | | | | Fee | | |
6.29 | CREFI | Springfield | 12,992 | 129,844 | | | | | Fee | | |
6.30 | CREFI | White River Junction | 10,058 | 88,530 | | | | | Fee | | |
7 | CREFI | Legends at Village West | 119,463 | 11,254,688 | 1.68 | 1.67 | 9.5% | 9.4% | Fee | | |
8 | GACC | 80 on the Commons | 241,568 | 4,952,057 | 3.67 | 3.50 | 11.0% | 10.5% | Fee | | |
9 | JPMCB | Osborn Triangle | 2,061,327 | 51,673,090 | 3.25 | 3.12 | 12.5% | 12.0% | Leasehold | | |
9.01 | JPMCB | 610 Main Street North | 75,259 | 23,500,965 | | | | | Leasehold | | |
9.02 | JPMCB | 1 Portland Street | 1,143,783 | 17,670,161 | | | | | Leasehold | | |
9.03 | JPMCB | 700 Main Street | 842,284 | 10,501,964 | | | | | Leasehold | | |
10 | JPMCB | Tysons Tower | 1,163,206 | 19,666,598 | 3.25 | 3.07 | 11.0% | 10.4% | Fee | | |
11 | JPMCB | 900 & 990 Stewart Avenue | 228,968 | 7,447,208 | 2.01 | 1.95 | 9.1% | 8.9% | Leasehold | 1/31/2030 (900 Stewart Avenue); 7/31/2050 (990 Stewart Avenue) | Four, 10 years and one, 14 years (900 Stewart Avenue); Two, 10 years and one, 14 years (990 Stewart Avenue) |
12 | JPMCB | Hilton Cincinnati Netherland Plaza | 0 | 7,891,648 | 1.62 | 1.62 | 10.9% | 10.9% | Fee | | |
13 | CREFI | Oro Valley Marketplace | 138,235 | 3,042,755 | 1.59 | 1.52 | 9.0% | 8.6% | Fee | | |
14 | JPMCB | Spectrum Brands Global Headquarters | 37,818 | 3,395,434 | 2.90 | 2.87 | 10.1% | 10.0% | Fee | | |
15 | CREFI | Compass AGP Storage Portfolio | 43,693 | 3,011,972 | 2.56 | 2.52 | 9.3% | 9.1% | Fee | | |
15.01 | CREFI | Compass Self Storage Bloomfield | 11,264 | 1,056,066 | | | | | Fee | | |
15.02 | CREFI | Compass Self Storage Smyrna | 6,061 | 464,864 | | | | | Fee | | |
15.03 | CREFI | Compass Self Storage Port Richey | 7,068 | 400,824 | | | | | Fee | | |
15.04 | CREFI | Compass Self Storage Wendell | 5,958 | 364,731 | | | | | Fee | | |
15.05 | CREFI | Compass Self Storage Duluth | 6,297 | 369,069 | | | | | Fee | | |
15.06 | CREFI | Compass Self Storage Kennesaw | 7,046 | 356,418 | | | | | Fee | | |
16 | GACC | 221 West 29th St | 23,750 | 2,068,293 | 1.32 | 1.30 | 6.4% | 6.4% | Leasehold | 07/16/2112 | None |
17 | JPMCB | Jersey City Group 1 | 45,750 | 2,132,332 | 1.10 | 1.08 | 6.8% | 6.7% | Fee | | |
17.01 | JPMCB | 92 & 96 Highland Avenue | | | | | | | Fee | | |
17.02 | JPMCB | 58 Van Reypen Street | | | | | | | Fee | | |
17.03 | JPMCB | 67 Stuyvesant Avenue | | | | | | | Fee | | |
17.04 | JPMCB | 2729 John F. Kennedy Boulevard | | | | | | | Fee | | |
17.05 | JPMCB | 1 Britton Street | | | | | | | Fee | | |
17.06 | JPMCB | 46 Vroom Street | | | | | | | Fee | | |
17.07 | JPMCB | 6 Tonnele Avenue | | | | | | | Fee | | |
17.08 | JPMCB | 114 Stuyvesant Avenue | | | | | | | Fee | | |
17.09 | JPMCB | 64 Newkirk Street | | | | | | | Fee | | |
17.10 | JPMCB | 153 Academy Street | | | | | | | Fee | | |
18 | JPMCB | Jersey City Group 3 | 46,250 | 2,076,627 | 1.11 | 1.08 | 6.8% | 6.7% | Fee | | |
18.01 | JPMCB | 3143 & 3149 John F. Kennedy Boulevard | | | | | | | Fee | | |
18.02 | JPMCB | 169 Manhattan Avenue | | | | | | | Fee | | |
18.03 | JPMCB | 78 Congress Street | | | | | | | Fee | | |
18.04 | JPMCB | 516, 518 & 520 Central Avenue | | | | | | | Fee | | |
18.05 | JPMCB | 3719 John F. Kennedy Boulevard | | | | | | | Fee | | |
18.06 | JPMCB | 393 Central Avenue | | | | | | | Fee | | |
18.07 | JPMCB | 104 Booraem Avenue | | | | | | | Fee | | |
18.08 | JPMCB | 55 Graham Street | | | | | | | Fee | | |
18.09 | JPMCB | 95 Beacon Avenue | | | | | | | Fee | | |
19 | JPMCB | Grand Canal Shoppes | 2,023,806 | 70,997,903 | 2.53 | 2.46 | 9.6% | 9.3% | Fee/Leasehold | 5/14/2093 (Venetian Casino Resort); 2/28/2097 (Palazzo Hotel and Casino); 2/29/2064 (Walgreens) | One, 40 years (Walgreens); None (Venetian Hotel and Casino and Palazzo Resort and Casino) |
20 | JPMCB | 230 Park Avenue South | 185,990 | 21,961,566 | 2.67 | 2.65 | 8.9% | 8.8% | Fee | | |
21 | JPMCB | Villas on Nueces | 36,900 | 2,849,187 | 2.06 | 2.04 | 9.6% | 9.5% | Fee | | |
22 | GACC | Glendale Portfolio | 28,940 | 1,923,288 | 1.72 | 1.70 | 6.9% | 6.8% | Fee | | |
22.01 | GACC | Windsor Villas | 15,500 | 1,052,637 | | | | | Fee | | |
22.02 | GACC | 720 Louise | 13,440 | 870,651 | | | | | Fee | | |
23 | JPMCB | 8 West Centre | 510,414 | 4,653,559 | 2.07 | 1.86 | 11.7% | 10.5% | Fee | | |
24 | CREFI | Florham Park Corporate Center | 483,077 | 2,723,638 | 2.26 | 1.92 | 12.8% | 10.9% | Fee | | |
25 | GACC | Sparks Galleria | 199,908 | 2,454,154 | 3.56 | 3.29 | 11.3% | 10.4% | Fee | | |
26 | CREFI | 530 Midwood | 24,960 | 1,515,230 | 1.81 | 1.78 | 7.1% | 7.0% | Fee | | |
27 | JPMCB | The Rockland | 111,600 | 2,030,669 | 1.89 | 1.79 | 10.7% | 10.1% | Fee | | |
28 | JPMCB | Sunset North | 612,561 | 13,003,237 | 2.75 | 2.63 | 9.1% | 8.7% | Fee | | |
29 | JPMCB | 600 & 620 National Avenue | 0 | 9,964,007 | 1.93 | 1.93 | 7.2% | 7.2% | Fee | | |
30 | JPMCB | City Hyde Park | 151,409 | 7,382,754 | 1.08 | 1.06 | 6.7% | 6.6% | Fee | | |
31 | CREFI | Keystone Plaza | 69,224 | 1,657,642 | 1.49 | 1.43 | 9.3% | 9.0% | Fee | | |
32 | JPMCB | The Shoppes at Southside | 20,731 | 1,701,233 | 1.79 | 1.77 | 10.4% | 10.3% | Fee | | |
33 | CREFI | Caughlin Ranch | 102,091 | 1,451,504 | 2.48 | 2.32 | 9.8% | 9.2% | Fee | | |
34 | GACC | SE Michigan Multifamily Portfolio | 238,472 | 1,746,914 | 3.65 | 3.21 | 14.2% | 12.5% | Fee | | |
34.01 | GACC | Anthos Garden | 83,750 | 429,661 | | | | | Fee | | |
34.02 | GACC | Top of the Drive | 51,504 | 556,994 | | | | | Fee | | |
34.03 | GACC | Victoria Place | 32,718 | 298,590 | | | | | Fee | | |
34.04 | GACC | Park High | 32,928 | 251,142 | | | | | Fee | | |
| | | | | UPFRONT ESCROW(20) |
| | | | | | | | | | | | | |
| | | Franchise | | Upfront Capex | Upfront Engin. | Upfront Envir. | Upfront TI/LC | Upfront RE Tax | Upfront Ins. | Upfront Debt Service | Upfront Other | Other Upfront |
Loan # | Seller(1) | Property Name | Expiration Date(19) | PML % | Reserve ($) | Reserve ($) | Reserve ($) | Reserve ($) | Reserve ($) | Reserve ($) | Reserve ($) | Reserve ($) | Description ($) |
1 | CREFI | Watergate Office Building | | | 0 | 0 | 0 | 750,000 | 250,005 | 78,181 | 0 | 732,146 | Sage Escrow: 590,711.42; Unfunded Obligations:141,435 |
2 | GACC | 225 Bush | | 19% | 0 | 0 | 0 | 0 | 3,012,292 | 838,031 | 0 | 4,983,228 | Outstanding TI/LC Reserve: 4,097,105.82; Rent Concession Reserve: 886,121.68 |
3 | JPMCB | Innovation Park | | | 30,912 | 0 | 0 | 115,921 | 441,662 | 0 | 0 | 0 | |
4 | JPMCB | The Essex | | | 4,875 | 0 | 0 | 0 | 311,439 | 0 | 0 | 0 | |
5 | GACC | 180 Water | | | 0 | 0 | 0 | 333,406 | 2,830,078 | 100,505 | 0 | 4,100,046 | Conversion Reserve: 1,808,900; Operating Shortfall Reserve: 1,200,000; Prepaid Rent Reserve: 891,145.89; Shortfall Reserve 200,000 |
6 | CREFI | Harvey Building Products | | | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
6.01 | CREFI | Londonderry / Manufacturing | | | | | | | | | | | |
6.02 | CREFI | Dartmouth / Manufacturing | | | | | | | | | | | |
6.03 | CREFI | Waltham Corporate | | | | | | | | | | | |
6.04 | CREFI | Woburn | | | | | | | | | | | |
6.05 | CREFI | Nashua | | | | | | | | | | | |
6.06 | CREFI | Woburn CPD | | | | | | | | | | | |
6.07 | CREFI | (West) Bridgewater | | | | | | | | | | | |
6.08 | CREFI | Manchester, NH | | | | | | | | | | | |
6.09 | CREFI | Norwalk 256 | | | | | | | | | | | |
6.10 | CREFI | New London | | | | | | | | | | | |
6.11 | CREFI | East Haven | | | | | | | | | | | |
6.12 | CREFI | Lincoln | | | | | | | | | | | |
6.13 | CREFI | Bethlehem | | | | | | | | | | | |
6.14 | CREFI | Salem | | | | | | | | | | | |
6.15 | CREFI | Norwalk 260 | | | | | | | | | | | |
6.16 | CREFI | Berlin | | | | | | | | | | | |
6.17 | CREFI | Dartmouth | | | | | | | | | | | |
6.18 | CREFI | Manchester, CT | | | | | | | | | | | |
6.19 | CREFI | Portland | | | | | | | | | | | |
6.20 | CREFI | Braintree | | | | | | | | | | | |
6.21 | CREFI | Warwick | | | | | | | | | | | |
6.22 | CREFI | Fitchburg | | | | | | | | | | | |
6.23 | CREFI | Auburn | | | | | | | | | | | |
6.24 | CREFI | Berlin CPD | | | | | | | | | | | |
6.25 | CREFI | Southampton | | | | | | | | | | | |
6.26 | CREFI | Portsmouth | | | | | | | | | | | |
6.27 | CREFI | Wilkes-Barre | | | | | | | | | | | |
6.28 | CREFI | Hyannis | | | | | | | | | | | |
6.29 | CREFI | Springfield | | | | | | | | | | | |
6.30 | CREFI | White River Junction | | | | | | | | | | | |
7 | CREFI | Legends at Village West | | | 0 | 227,700 | 0 | 10,000,000 | 3,569,900 | 0 | 0 | 0 | |
8 | GACC | 80 on the Commons | | | 0 | 0 | 0 | 1,116,512 | 38,172 | 0 | 0 | 440,537 | Free Rent Reserve |
9 | JPMCB | Osborn Triangle | | | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
9.01 | JPMCB | 610 Main Street North | | | | | | | | | | | |
9.02 | JPMCB | 1 Portland Street | | | | | | | | | | | |
9.03 | JPMCB | 700 Main Street | | | | | | | | | | | |
10 | JPMCB | Tysons Tower | | | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
11 | JPMCB | 900 & 990 Stewart Avenue | | | 1,000,000 | 0 | 0 | 7,000,000 | 520,691 | 46,815 | 0 | 2,774,228 | Outstanding TI/LC Reserve: 1,595,038; Master Lease Reserve: 831,093; Free Rent Reserve: 327,772; Ground Lease Reserve: 20,325 |
12 | JPMCB | Hilton Cincinnati Netherland Plaza | 11/30/2029 | | 0 | 382,383 | 0 | 0 | 460,682 | 0 | 0 | 3,090,409 | PIP Reserve: 1,687,534.46; Working Capital Reserve: 902,874.64; Seasonality Reserve: 500,000 |
13 | CREFI | Oro Valley Marketplace | | | 0 | 10,750 | 0 | 990,000 | 74,538 | 12,271 | 0 | 2,499,530 | Unfunded Obligations Reserve: 1,546,537.50; Walmart CAM Funds: 467,500; Gap Rent Funds: 441,992.64; DSW Cotenancy Funds: 43,500 |
14 | JPMCB | Spectrum Brands Global Headquarters | | | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
15 | CREFI | Compass AGP Storage Portfolio | | | 0 | 0 | 0 | 0 | 151,811 | 0 | 0 | 0 | |
15.01 | CREFI | Compass Self Storage Bloomfield | | | | | | | | | | | |
15.02 | CREFI | Compass Self Storage Smyrna | | | | | | | | | | | |
15.03 | CREFI | Compass Self Storage Port Richey | | | | | | | | | | | |
15.04 | CREFI | Compass Self Storage Wendell | | | | | | | | | | | |
15.05 | CREFI | Compass Self Storage Duluth | | | | | | | | | | | |
15.06 | CREFI | Compass Self Storage Kennesaw | | | | | | | | | | | |
16 | GACC | 221 West 29th St | | | 0 | 0 | 0 | 0 | 0 | 37,655 | 0 | 0 | |
17 | JPMCB | Jersey City Group 1 | | | 4,064 | 0 | 75,000 | 0 | 110,445 | 0 | 0 | 0 | |
17.01 | JPMCB | 92 & 96 Highland Avenue | | | | | | | | | | | |
17.02 | JPMCB | 58 Van Reypen Street | | | | | | | | | | | |
17.03 | JPMCB | 67 Stuyvesant Avenue | | | | | | | | | | | |
17.04 | JPMCB | 2729 John F. Kennedy Boulevard | | | | | | | | | | | |
17.05 | JPMCB | 1 Britton Street | | | | | | | | | | | |
17.06 | JPMCB | 46 Vroom Street | | | | | | | | | | | |
17.07 | JPMCB | 6 Tonnele Avenue | | | | | | | | | | | |
17.08 | JPMCB | 114 Stuyvesant Avenue | | | | | | | | | | | |
17.09 | JPMCB | 64 Newkirk Street | | | | | | | | | | | |
17.10 | JPMCB | 153 Academy Street | | | | | | | | | | | |
18 | JPMCB | Jersey City Group 3 | | | 3,854 | 0 | 25,000 | 0 | 98,739 | 0 | 0 | 0 | |
18.01 | JPMCB | 3143 & 3149 John F. Kennedy Boulevard | | | | | | | | | | | |
18.02 | JPMCB | 169 Manhattan Avenue | | | | | | | | | | | |
18.03 | JPMCB | 78 Congress Street | | | | | | | | | | | |
18.04 | JPMCB | 516, 518 & 520 Central Avenue | | | | | | | | | | | |
18.05 | JPMCB | 3719 John F. Kennedy Boulevard | | | | | | | | | | | |
18.06 | JPMCB | 393 Central Avenue | | | | | | | | | | | |
18.07 | JPMCB | 104 Booraem Avenue | | | | | | | | | | | |
18.08 | JPMCB | 55 Graham Street | | | | | | | | | | | |
18.09 | JPMCB | 95 Beacon Avenue | | | | | | | | | | | |
19 | JPMCB | Grand Canal Shoppes | | | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13,527,940 | Outstanding TI/LC Reserve: 12,309,694; Gap Rent Reserve: 1,218,246 |
20 | JPMCB | 230 Park Avenue South | | | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 59,026,648 | Existing Landlord Obligations Reserve: 34,263,578.42; Rent Concession Reserve: 24,763,069.87 |
21 | JPMCB | Villas on Nueces | | | 3,075 | 0 | 0 | 0 | 350,000 | 21,803 | 0 | 3,276,087 | Retainage Reserve: 2,876,087; Tenant Reimbursement Reserve: 400,000 |
22 | GACC | Glendale Portfolio | | Various | 0 | 50,875 | 0 | 0 | 31,688 | 31,058 | 0 | 11,310 | Parking Reserve |
22.01 | GACC | Windsor Villas | | 13% | | | | | | | | | |
22.02 | GACC | 720 Louise | | 14% | | | | | | | | | |
23 | JPMCB | 8 West Centre | | | 3,784 | 37,500 | 0 | 1,500,000 | 1,535,640 | 0 | 0 | 0 | |
24 | CREFI | Florham Park Corporate Center | | | 0 | 18,750 | 0 | 0 | 25,099 | 8,096 | 84,389 | 5,313,329 | Managed Healthcare Unfunded Obligations Reserve: 2,222,772; AHS Unfunded Obligations Reserve: 1,727,000; Managed Healthcare Free Rent Reserve: 543,805; AHS Free Rent Reserve: 345,400; Unfunded Tenant Obligations Reserve: 310,164; Free Rent Reserve: 164,188 |
25 | GACC | Sparks Galleria | | 8% | 0 | 2,703 | 0 | 0 | 23,933 | 0 | 0 | 0 | |
26 | CREFI | 530 Midwood | | | 0 | 16,875 | 0 | 0 | 8,954 | 25,444 | 0 | 19,500 | Unfunded Obligations |
27 | JPMCB | The Rockland | | | 10,783 | 33,990 | 0 | 0 | 239,475 | 0 | 0 | 0 | |
28 | JPMCB | Sunset North | | 7%-9% | 12,375 | 0 | 0 | 38,672 | 153,562 | 166,282 | 0 | 14,787,464 | Outstanding TI/LC Reserve: 14,380,753.87; Free Rent Reserve: 406,709.78 |
29 | JPMCB | 600 & 620 National Avenue | | 6% | 75,532 | 0 | 0 | 0 | 0 | 0 | 0 | 12,085,120 | Outstanding TI/LC Reserve |
30 | JPMCB | City Hyde Park | | | 4,834 | 0 | 0 | 11,465 | 360,081 | 70,907 | 0 | 446,473 | Outstanding TI/LC Reserve: 421,473; OneFish TwoFish Reserve: 25,000 |
31 | CREFI | Keystone Plaza | | | 6,037 | 5,625 | 0 | 150,000 | 275,195 | 70,452 | 0 | 270,000 | Roof Reserve |
32 | JPMCB | The Shoppes at Southside | | | 300,000 | 0 | 0 | 700,000 | 273,938 | 0 | 0 | 1,762,250 | Aspen Dental Reserve: 1,413,750; Outstanding TI Reserve: 348,500 |
33 | CREFI | Caughlin Ranch | | 12% | 0 | 0 | 0 | 0 | 27,532 | 46,467 | 0 | 141,435 | Unfunded Obligations |
34 | GACC | SE Michigan Multifamily Portfolio | | | 0 | 250,020 | 0 | 0 | 146,878 | 242,687 | 0 | 0 | |
34.01 | GACC | Anthos Garden | | | | | | | | | | | |
34.02 | GACC | Top of the Drive | | | | | | | | | | | |
34.03 | GACC | Victoria Place | | | | | | | | | | | |
34.04 | GACC | Park High | | | | | | | | | | | |
| | | | MONTHLY ESCROW(21) | | RESERVE CAPS(22) |
| | | | | | | | | | | | | | | | | | |
| | | | Monthly Capex | Monthly Envir. | Monthly TI/LC | Monthly RE Tax | Monthly Ins. | Monthly Other | Other Monthly | | CapEx | Envir. | TI/LC | RE Tax | Insur. | Debt Service | Other |
Loan # | Seller(1) | Property Name | | Reserve ($) | Reserve ($) | Reserve ($) | Reserve ($) | Reserve ($) | Reserve ($) | Description ($) | | Reserve Cap ($) | Reserve Cap ($) | Reserve Cap ($) | Reserve Cap ($) | Reserve Cap ($) | Reserve Cap ($) | Reserve Cap ($) |
1 | CREFI | Watergate Office Building | | 3,587 | 0 | 26,900 | 125,003 | 11,169 | Springing | Sage Escrow | | | | 2,364,000 | | | | |
2 | GACC | 225 Bush | | 9,666 | 0 | 96,665 | 376,536 | 119,719 | 0 | | | 231,995 | | 3,479,922 | | | | |
3 | JPMCB | Innovation Park | | 30,912 | 0 | 115,921 | 147,221 | Springing | 0 | | | | | 1,400,000 | | | | |
4 | JPMCB | The Essex | | 5,415 | 0 | 0 | 62,288 | Springing | 0 | | | | | | | | | |
5 | GACC | 180 Water | | 11,936 | 0 | 0 | 739,930 | 82,813 | Springing | Prepaid Rent Reserve | | | | | | | | |
6 | CREFI | Harvey Building Products | | Springing | 0 | 0 | Springing | Springing | 0 | | | | | | | | | |
6.01 | CREFI | Londonderry / Manufacturing | | | | | | | | | | | | | | | | |
6.02 | CREFI | Dartmouth / Manufacturing | | | | | | | | | | | | | | | | |
6.03 | CREFI | Waltham Corporate | | | | | | | | | | | | | | | | |
6.04 | CREFI | Woburn | | | | | | | | | | | | | | | | |
6.05 | CREFI | Nashua | | | | | | | | | | | | | | | | |
6.06 | CREFI | Woburn CPD | | | | | | | | | | | | | | | | |
6.07 | CREFI | (West) Bridgewater | | | | | | | | | | | | | | | | |
6.08 | CREFI | Manchester, NH | | | | | | | | | | | | | | | | |
6.09 | CREFI | Norwalk 256 | | | | | | | | | | | | | | | | |
6.10 | CREFI | New London | | | | | | | | | | | | | | | | |
6.11 | CREFI | East Haven | | | | | | | | | | | | | | | | |
6.12 | CREFI | Lincoln | | | | | | | | | | | | | | | | |
6.13 | CREFI | Bethlehem | | | | | | | | | | | | | | | | |
6.14 | CREFI | Salem | | | | | | | | | | | | | | | | |
6.15 | CREFI | Norwalk 260 | | | | | | | | | | | | | | | | |
6.16 | CREFI | Berlin | | | | | | | | | | | | | | | | |
6.17 | CREFI | Dartmouth | | | | | | | | | | | | | | | | |
6.18 | CREFI | Manchester, CT | | | | | | | | | | | | | | | | |
6.19 | CREFI | Portland | | | | | | | | | | | | | | | | |
6.20 | CREFI | Braintree | | | | | | | | | | | | | | | | |
6.21 | CREFI | Warwick | | | | | | | | | | | | | | | | |
6.22 | CREFI | Fitchburg | | | | | | | | | | | | | | | | |
6.23 | CREFI | Auburn | | | | | | | | | | | | | | | | |
6.24 | CREFI | Berlin CPD | | | | | | | | | | | | | | | | |
6.25 | CREFI | Southampton | | | | | | | | | | | | | | | | |
6.26 | CREFI | Portsmouth | | | | | | | | | | | | | | | | |
6.27 | CREFI | Wilkes-Barre | | | | | | | | | | | | | | | | |
6.28 | CREFI | Hyannis | | | | | | | | | | | | | | | | |
6.29 | CREFI | Springfield | | | | | | | | | | | | | | | | |
6.30 | CREFI | White River Junction | | | | | | | | | | | | | | | | |
7 | CREFI | Legends at Village West | | 9,955 | 0 | Springing | 594,983 | Springing | 0 | | | | | 2,500,000 | | | | |
8 | GACC | 80 on the Commons | | 5,693 | 0 | Springing | 6,362 | Springing | Springing | Condominium Reserve | | | | | | | | |
9 | JPMCB | Osborn Triangle | | 0 | 0 | 0 | Springing | Springing | 0 | | | | | | | | | |
9.01 | JPMCB | 610 Main Street North | | | | | | | | | | | | | | | | |
9.02 | JPMCB | 1 Portland Street | | | | | | | | | | | | | | | | |
9.03 | JPMCB | 700 Main Street | | | | | | | | | | | | | | | | |
10 | JPMCB | Tysons Tower | | Springing | 0 | Springing | Springing | Springing | 0 | | | 1,000,000 | | 1,321,825 | | | | |
11 | JPMCB | 900 & 990 Stewart Avenue | | 0 | 0 | 0 | 173,564 | 16,073 | Springing | Ground Lease Reserve | | | | | | | | |
12 | JPMCB | Hilton Cincinnati Netherland Plaza | | 4% of Gross Revenues | 0 | 0 | 115,170 | Springing | 18,745 | Condominium Reserve: 18,745; Seasonality Reserve: Springing | | | | | | | | Seasonality Reserve: 1,000,000 |
13 | CREFI | Oro Valley Marketplace | | 5,108 | 0 | Springing | 74,538 | 6,135 | 0 | | | | | 880,000 | | | | |
14 | JPMCB | Spectrum Brands Global Headquarters | | 3,152 | 0 | 5,235 | Springing | Springing | 0 | | | | | 250,000 | | | | |
15 | CREFI | Compass AGP Storage Portfolio | | 3,641 | 0 | 0 | 45,006 | Springing | 0 | | | | | | | | | |
15.01 | CREFI | Compass Self Storage Bloomfield | | | | | | | | | | | | | | | | |
15.02 | CREFI | Compass Self Storage Smyrna | | | | | | | | | | | | | | | | |
15.03 | CREFI | Compass Self Storage Port Richey | | | | | | | | | | | | | | | | |
15.04 | CREFI | Compass Self Storage Wendell | | | | | | | | | | | | | | | | |
15.05 | CREFI | Compass Self Storage Duluth | | | | | | | | | | | | | | | | |
15.06 | CREFI | Compass Self Storage Kennesaw | | | | | | | | | | | | | | | | |
16 | GACC | 221 West 29th St | | 1,979 | 0 | 0 | 8,301 | 5,379 | 78,030 | Ground Rent Reserve | | | | | | | | |
17 | JPMCB | Jersey City Group 1 | | 4,064 | 0 | 0 | 27,611 | Springing | 0 | | | 48,678 | | | | | | |
17.01 | JPMCB | 92 & 96 Highland Avenue | | | | | | | | | | | | | | | | |
17.02 | JPMCB | 58 Van Reypen Street | | | | | | | | | | | | | | | | |
17.03 | JPMCB | 67 Stuyvesant Avenue | | | | | | | | | | | | | | | | |
17.04 | JPMCB | 2729 John F. Kennedy Boulevard | | | | | | | | | | | | | | | | |
17.05 | JPMCB | 1 Britton Street | | | | | | | | | | | | | | | | |
17.06 | JPMCB | 46 Vroom Street | | | | | | | | | | | | | | | | |
17.07 | JPMCB | 6 Tonnele Avenue | | | | | | | | | | | | | | | | |
17.08 | JPMCB | 114 Stuyvesant Avenue | | | | | | | | | | | | | | | | |
17.09 | JPMCB | 64 Newkirk Street | | | | | | | | | | | | | | | | |
17.10 | JPMCB | 153 Academy Street | | | | | | | | | | | | | | | | |
18 | JPMCB | Jersey City Group 3 | | 3,854 | 0 | 0 | 24,685 | Springing | 0 | | | 46,250 | | | | | | |
18.01 | JPMCB | 3143 & 3149 John F. Kennedy Boulevard | | | | | | �� | | | | | | | | | | |
18.02 | JPMCB | 169 Manhattan Avenue | | | | | | | | | | | | | | | | |
18.03 | JPMCB | 78 Congress Street | | | | | | | | | | | | | | | | |
18.04 | JPMCB | 516, 518 & 520 Central Avenue | | | | | | | | | | | | | | | | |
18.05 | JPMCB | 3719 John F. Kennedy Boulevard | | | | | | | | | | | | | | | | |
18.06 | JPMCB | 393 Central Avenue | | | | | | | | | | | | | | | | |
18.07 | JPMCB | 104 Booraem Avenue | | | | | | | | | | | | | | | | |
18.08 | JPMCB | 55 Graham Street | | | | | | | | | | | | | | | | |
18.09 | JPMCB | 95 Beacon Avenue | | | | | | | | | | | | | | | | |
19 | JPMCB | Grand Canal Shoppes | | Springing | 0 | Springing | Springing | Springing | Springing | Ground Rent Reserve | | 386,928 | | 2,321,544 | | | | |
20 | JPMCB | 230 Park Avenue South | | 0 | 0 | 0 | Springing | Springing | 0 | | | | | | | | | |
21 | JPMCB | Villas on Nueces | | 3,075 | 0 | 0 | 80,138 | 11,228 | Springing | Prepaid Rent Reserve | | 110,700 | | | | | | |
22 | GACC | Glendale Portfolio | | 2,167 | 0 | 0 | 31,688 | 3,451 | 0 | | | 104,016 | | | | | | |
22.01 | GACC | Windsor Villas | | | | | | | | | | | | | | | | |
22.02 | GACC | 720 Louise | | | | | | | | | | | | | | | | |
23 | JPMCB | 8 West Centre | | 3,784 | 0 | 23,651 | 139,493 | Springing | 0 | | | | | 851,419 | | | | |
24 | CREFI | Florham Park Corporate Center | | 3,851 | 0 | 29,167 | 25,099 | 4,048 | 0 | | | | | 2,100,000 | | | | |
25 | GACC | Sparks Galleria | | 3,507 | 0 | 13,152 | 23,933 | Springing | 0 | | | 84,172 | | 315,644 | | | | |
26 | CREFI | 530 Midwood | | 1,080 | 0 | 0 | 2,985 | 2,313 | 0 | | | 51,840 | | | | | | |
27 | JPMCB | The Rockland | | 10,783 | 0 | 0 | 34,211 | Springing | 0 | | | | | | | | | |
28 | JPMCB | Sunset North | | 12,375 | 0 | 38,672 | 153,562 | 33,256 | 0 | | | 445,499 | | 928,122 | | | | |
29 | JPMCB | 600 & 620 National Avenue | | Springing | 0 | 0 | Springing | Springing | 0 | | | 75,532 | | | | | | |
30 | JPMCB | City Hyde Park | | 4,834 | 0 | 11,465 | 120,027 | 8,863 | 0 | | | | | 687,888 | | | | |
31 | CREFI | Keystone Plaza | | 770 | 0 | 6,418 | 25,799 | 6,040 | 0 | | | 45,000 | | 400,000 | | | | |
32 | JPMCB | The Shoppes at Southside | | Springing | 0 | Springing | 23,984 | Springing | 0 | | | 30,000 | | | | | | |
33 | CREFI | Caughlin Ranch | | 1,417 | 0 | 7,086 | 13,766 | 4,224 | 0 | | | | | | | | | |
34 | GACC | SE Michigan Multifamily Portfolio | | 19,896 | 0 | 0 | 29,276 | 41,754 | 0 | | | | | | | | | |
34.01 | GACC | Anthos Garden | | | | | | | | | | | | | | | | |
34.02 | GACC | Top of the Drive | | | | | | | | | | | | | | | | |
34.03 | GACC | Victoria Place | | | | | | | | | | | | | | | | |
34.04 | GACC | Park High | | | | | | | | | | | | | | | | |
| | | | | LARGEST TENANT(4), (23), (24), (25) | | 2nd LARGEST TENANT(4), (23), (24), (25) | | 3rd LARGEST TENANT(4), (23), (24), (25) | | 4th LARGEST TENANT(4), (23), (24), (25) |
| | | | | | | | | | | | | | | | | | | |
| | | | Single | | | Lease | | | | Lease | | | | Lease | | | | Lease |
Loan # | Seller(1) | Property Name | | Tenant | Largest Tenant | Unit Size | Expiration | | 2nd Largest Tenant | Unit Size | Expiration | | 3rd Largest Tenant | Unit Size | Expiration | | 4th Largest Tenant | Unit Size | Expiration |
1 | CREFI | Watergate Office Building | | No | National Trust for Historic Preservation | 37,745 | 12/31/28 | | George Washington University | 36,529 | 07/31/27 | | SAGE Publications | 26,188 | 10/31/22 | | KIPP DC | 18,422 | 09/30/25 |
2 | GACC | 225 Bush | | No | Twitch Interactive | 84,035 | 08/18/21 | | LiveRamp, Inc | 76,724 | 05/04/22 | | Benefit Cosmetics, LLC | 61,917 | 08/31/20 | | Handshake | 52,735 | 07/30/27 |
3 | JPMCB | Innovation Park | | No | AXA Equitable | 291,528 | 11/30/28 | | Allstate Insurance Company | 257,393 | 12/31/27 | | Classic Graphics | 238,744 | 01/31/26 | | Alight Solutions LLC | 216,377 | 11/30/25 |
4 | JPMCB | The Essex | | No | Regal Cinemas | 65,000 | 03/31/39 | | | | | | | | | | | | |
5 | GACC | 180 Water | | No | Citibank | 3,496 | 04/30/29 | | 180 Water Donuts LLC | 750 | 08/31/29 | | | | | | | | |
6 | CREFI | Harvey Building Products | | Yes | | | | | | | | | | | | | | | |
6.01 | CREFI | Londonderry / Manufacturing | | Yes | Harvey Building Products | 376,294 | 10/21/39 | | | | | | | | | | | | |
6.02 | CREFI | Dartmouth / Manufacturing | | Yes | Harvey Building Products | 235,239 | 10/21/39 | | | | | | | | | | | | |
6.03 | CREFI | Waltham Corporate | | Yes | Harvey Building Products | 54,400 | 10/21/39 | | | | | | | | | | | | |
6.04 | CREFI | Woburn | | Yes | Harvey Building Products | 76,054 | 10/21/39 | | | | | | | | | | | | |
6.05 | CREFI | Nashua | | Yes | Harvey Building Products | 111,594 | 10/21/39 | | | | | | | | | | | | |
6.06 | CREFI | Woburn CPD | | Yes | Harvey Building Products | 59,800 | 10/21/39 | | | | | | | | | | | | |
6.07 | CREFI | (West) Bridgewater | | Yes | Harvey Building Products | 81,776 | 10/21/39 | | | | | | | | | | | | |
6.08 | CREFI | Manchester, NH | | Yes | Harvey Building Products | 81,747 | 10/21/39 | | | | | | | | | | | | |
6.09 | CREFI | Norwalk 256 | | Yes | Harvey Building Products | 40,232 | 10/21/39 | | | | | | | | | | | | |
6.10 | CREFI | New London | | Yes | Harvey Building Products | 70,642 | 10/21/39 | | | | | | | | | | | | |
6.11 | CREFI | East Haven | | Yes | Harvey Building Products | 70,089 | 10/21/39 | | | | | | | | | | | | |
6.12 | CREFI | Lincoln | | Yes | Harvey Building Products | 80,240 | 10/21/39 | | | | | | | | | | | | |
6.13 | CREFI | Bethlehem | | Yes | Harvey Building Products | 71,091 | 10/21/39 | | | | | | | | | | | | |
6.14 | CREFI | Salem | | Yes | Harvey Building Products | 58,286 | 10/21/39 | | | | | | | | | | | | |
6.15 | CREFI | Norwalk 260 | | Yes | Harvey Building Products | 30,000 | 10/21/39 | | | | | | | | | | | | |
6.16 | CREFI | Berlin | | Yes | Harvey Building Products | 43,796 | 10/21/39 | | | | | | | | | | | | |
6.17 | CREFI | Dartmouth | | Yes | Harvey Building Products | 63,117 | 10/21/39 | | | | | | | | | | | | |
6.18 | CREFI | Manchester, CT | | Yes | Harvey Building Products | 49,175 | 10/21/39 | | | | | | | | | | | | |
6.19 | CREFI | Portland | | Yes | Harvey Building Products | 48,145 | 10/21/39 | | | | | | | | | | | | |
6.20 | CREFI | Braintree | | Yes | Harvey Building Products | 32,531 | 10/21/39 | | | | | | | | | | | | |
6.21 | CREFI | Warwick | | Yes | Harvey Building Products | 43,899 | 10/21/39 | | | | | | | | | | | | |
6.22 | CREFI | Fitchburg | | Yes | Harvey Building Products | 39,433 | 10/21/39 | | | | | | | | | | | | |
6.23 | CREFI | Auburn | | Yes | Harvey Building Products | 37,132 | 10/21/39 | | | | | | | | | | | | |
6.24 | CREFI | Berlin CPD | | Yes | Harvey Building Products | 28,163 | 10/21/39 | | | | | | | | | | | | |
6.25 | CREFI | Southampton | | Yes | Harvey Building Products | 36,421 | 10/21/39 | | | | | | | | | | | | |
6.26 | CREFI | Portsmouth | | Yes | Harvey Building Products | 31,470 | 10/21/39 | | | | | | | | | | | | |
6.27 | CREFI | Wilkes-Barre | | Yes | Harvey Building Products | 32,200 | 10/21/39 | | | | | | | | | | | | |
6.28 | CREFI | Hyannis | | Yes | Harvey Building Products | 24,070 | 10/21/39 | | | | | | | | | | | | |
6.29 | CREFI | Springfield | | Yes | Harvey Building Products | 25,347 | 10/21/39 | | | | | | | | | | | | |
6.30 | CREFI | White River Junction | | Yes | Harvey Building Products | 13,736 | 10/21/39 | | | | | | | | | | | | |
7 | CREFI | Legends at Village West | | No | American Multi-Cinema, Inc. | 88,270 | 08/31/28 | | Dave & Busters | 46,953 | 11/30/22 | | TJ Maxx | 29,956 | 10/31/20 | | H&M | 25,025 | 01/31/28 |
8 | GACC | 80 on the Commons | | No | Root Insurance | 109,062 | 11/30/24 | | Coastal Ridge | 20,001 | 06/30/30 | | BBI Logistics | 18,815 | 09/30/27 | | AEP Service Company | 11,847 | 01/31/24 |
9 | JPMCB | Osborn Triangle | | Various | | | | | | | | | | | | | | | |
9.01 | JPMCB | 610 Main Street North | | No | Pfizer | 270,056 | 12/31/31 | | Sulmona Restaurant Group | 3,355 | 02/28/27 | | Café Luna | 2,328 | 03/31/27 | | Boston Burger | 1,984 | 09/30/27 |
9.02 | JPMCB | 1 Portland Street | | Yes | Pfizer | 229,330 | 01/31/24 | | | | | | | | | | | | |
9.03 | JPMCB | 700 Main Street | | No | Novartis Institutes for Biomedical Research, Inc. | 99,883 | 07/31/24 | | Lab Central Inc. | 68,996 | 03/31/27 | | | | | | | | |
10 | JPMCB | Tysons Tower | | No | Intelsat Global Service Corporation | 212,572 | 07/31/29 | | Deloitte, LLP | 94,378 | 08/31/27 | | Splunk Inc | 57,521 | 05/31/22 | | Morgan Franklin | 28,553 | 02/28/27 |
11 | JPMCB | 900 & 990 Stewart Avenue | | No | AON | 60,143 | 09/01/28 | | Wright Risk Management | 37,550 | 06/01/29 | | Meyer, Suozzi, English & Klein | 35,578 | 02/01/26 | | Contour Mortgage | 21,566 | 10/01/25 |
12 | JPMCB | Hilton Cincinnati Netherland Plaza | | No | | | | | | | | | | | | | | | |
13 | CREFI | Oro Valley Marketplace | | No | Wal-Mart | 195,273 | 03/27/28 | | Ashley Furniture | 45,197 | 01/31/35 | | Century Theatres | 39,081 | 10/31/23 | | Best Buy | 30,162 | 03/31/22 |
14 | JPMCB | Spectrum Brands Global Headquarters | | Yes | Spectrum | 252,122 | 02/01/34 | | | | | | | | | | | | |
15 | CREFI | Compass AGP Storage Portfolio | | No | | | | | | | | | | | | | | | |
15.01 | CREFI | Compass Self Storage Bloomfield | | No | | | | | | | | | | | | | | | |
15.02 | CREFI | Compass Self Storage Smyrna | | No | | | | | | | | | | | | | | | |
15.03 | CREFI | Compass Self Storage Port Richey | | No | | | | | | | | | | | | | | | |
15.04 | CREFI | Compass Self Storage Wendell | | No | | | | | | | | | | | | | | | |
15.05 | CREFI | Compass Self Storage Duluth | | No | | | | | | | | | | | | | | | |
15.06 | CREFI | Compass Self Storage Kennesaw | | No | | | | | | | | | | | | | | | |
16 | GACC | 221 West 29th St | | No | | | | | | | | | | | | | | | |
17 | JPMCB | Jersey City Group 1 | | No | | | | | | | | | | | | | | | |
17.01 | JPMCB | 92 & 96 Highland Avenue | | No | | | | | | | | | | | | | | | |
17.02 | JPMCB | 58 Van Reypen Street | | No | | | | | | | | | | | | | | | |
17.03 | JPMCB | 67 Stuyvesant Avenue | | No | | | | | | | | | | | | | | | |
17.04 | JPMCB | 2729 John F. Kennedy Boulevard | | No | | | | | | | | | | | | | | | |
17.05 | JPMCB | 1 Britton Street | | No | | | | | | | | | | | | | | | |
17.06 | JPMCB | 46 Vroom Street | | No | | | | | | | | | | | | | | | |
17.07 | JPMCB | 6 Tonnele Avenue | | No | | | | | | | | | | | | | | | |
17.08 | JPMCB | 114 Stuyvesant Avenue | | No | | | | | | | | | | | | | | | |
17.09 | JPMCB | 64 Newkirk Street | | No | | | | | | | | | | | | | | | |
17.10 | JPMCB | 153 Academy Street | | No | | | | | | | | | | | | | | | |
18 | JPMCB | Jersey City Group 3 | | No | | | | | | | | | | | | | | | |
18.01 | JPMCB | 3143 & 3149 John F. Kennedy Boulevard | | No | | | | | | | | | | | | | | | |
18.02 | JPMCB | 169 Manhattan Avenue | | No | | | | | | | | | | | | | | | |
18.03 | JPMCB | 78 Congress Street | | No | | | | | | | | | | | | | | | |
18.04 | JPMCB | 516, 518 & 520 Central Avenue | | No | | | | | | | | | | | | | | | |
18.05 | JPMCB | 3719 John F. Kennedy Boulevard | | No | | | | | | | | | | | | | | | |
18.06 | JPMCB | 393 Central Avenue | | No | | | | | | | | | | | | | | | |
18.07 | JPMCB | 104 Booraem Avenue | | No | | | | | | | | | | | | | | | |
18.08 | JPMCB | 55 Graham Street | | No | | | | | | | | | | | | | | | |
18.09 | JPMCB | 95 Beacon Avenue | | No | | | | | | | | | | | | | | | |
19 | JPMCB | Grand Canal Shoppes | | No | The Venetian Casino Resort | 81,105 | 05/31/29 | | Tao Nightclub | 49,441 | 01/31/25 | | Madame ‘Tussaud Las Vegas | 28,235 | 07/31/24 | | Regis Galerie | 28,099 | 05/31/25 |
20 | JPMCB | 230 Park Avenue South | | No | Discovery | 361,214 | 01/31/37 | | JP Morgan Chase | 12,165 | 07/09/21 | | Earth Mail | 314 | 02/28/21 | | | | |
21 | JPMCB | Villas on Nueces | | No | | | | | | | | | | | | | | | |
22 | GACC | Glendale Portfolio | | No | | | | | | | | | | | | | | | |
22.01 | GACC | Windsor Villas | | No | | | | | | | | | | | | | | | |
22.02 | GACC | 720 Louise | | No | | | | | | | | | | | | | | | |
23 | JPMCB | 8 West Centre | | No | Helix Energy Solutions Group | 118,630 | 06/30/25 | | Cameron International Corp. | 106,801 | 11/30/23 | | | | | | | | |
24 | CREFI | Florham Park Corporate Center | | No | Managed Healthcare Associates | 39,060 | 10/31/21 | | Atlantic Ambulance Corp. | 22,295 | 04/30/29 | | Prime Pensions | 15,966 | 11/30/25 | | AHS Hospital Corporation | 12,245 | 04/30/29 |
25 | GACC | Sparks Galleria | | No | Fitness Connection | 41,537 | 12/31/23 | | Marshalls | 40,233 | 08/31/28 | | Sprouts | 30,323 | 06/30/33 | | Office Depot | 18,813 | 07/31/25 |
26 | CREFI | 530 Midwood | | No | Knickerbocker Dialysis | 9,600 | 09/30/27 | | | | | | | | | | | | |
27 | JPMCB | The Rockland | | No | | | | | | | | | | | | | | | |
28 | JPMCB | Sunset North | | No | Intellectual Ventures | 152,633 | 05/31/25 | | ArenaNet | 96,839 | 05/31/29 | | WeWork | 78,303 | 12/31/31 | | Farmers | 61,327 | 05/31/29 |
29 | JPMCB | 600 & 620 National Avenue | | Yes | Google | 151,064 | 05/31/29 | | | | | | | | | | | | |
30 | JPMCB | City Hyde Park | | No | Whole Foods | 30,326 | 06/30/26 | | Marshalls | 26,020 | 05/31/26 | | Michaels | 18,141 | 02/28/26 | | RGN-Chicago XXXII LLC | 16,614 | 07/31/26 |
31 | CREFI | Keystone Plaza | | No | Jumbo Buffet | 6,440 | 02/28/23 | | Popular Community Bank | 6,408 | 08/31/26 | | Mr. Fresh Farmers Market | 5,806 | 03/31/23 | | Specialty Lighting & Bulbs | 3,600 | 01/31/21 |
32 | JPMCB | The Shoppes at Southside | | No | Best Buy | 45,802 | 03/31/25 | | Urban Air | 40,000 | 07/31/29 | | David’s Bridal | 10,000 | 09/30/29 | | Chick-fil-A | 4,261 | 10/31/24 |
33 | CREFI | Caughlin Ranch | | No | Raleys | 50,451 | 06/30/31 | | Anytime Fitness | 8,000 | 06/30/20 | | Renown Health | 6,453 | 01/31/27 | | Ice Age Meals | 6,000 | 12/31/20 |
34 | GACC | SE Michigan Multifamily Portfolio | | No | | | | | | | | | | | | | | | |
34.01 | GACC | Anthos Garden | | No | | | | | | | | | | | | | | | |
34.02 | GACC | Top of the Drive | | No | | | | | | | | | | | | | | | |
34.03 | GACC | Victoria Place | | No | | | | | | | | | | | | | | | |
34.04 | GACC | Park High | | No | | | | | | | | | | | | | | | |
| | | | | LARGEST TENANT(4), (23), (24), (25) | | 2nd LARGEST TENANT(4), (23), (24), (25) | | 3rd LARGEST TENANT(4), (23), (24), (25) | | 4th LARGEST TENANT(4), (23), (24), (25) |
| | | | | | | | | | | | | | | | | | | |
| | | | Single | | | Lease | | | | Lease | | | | Lease | | | | Lease |
Loan # | Seller(1) | Property Name | | Tenant | Largest Tenant | Unit Size | Expiration | | 2nd Largest Tenant | Unit Size | Expiration | | 3rd Largest Tenant | Unit Size | Expiration | | 4th Largest Tenant | Unit Size | Expiration |
34.05 | GACC | Boulder Creek | | No | | | | | | | | | | | | | | | |
35 | GACC | The Shops at Merchant’s Square | | No | Ulta | 10,417 | 06/30/29 | | Chuy’s | 7,142 | 10/31/34 | | Char | 6,000 | 07/31/29 | | Brass Tap | 3,502 | 06/30/29 |
36 | CREFI | 333 Cypress | | No | | | | | | | | | | | | | | | |
37 | CREFI | Arrow Business Park | | No | Walco Inc. | 12,631 | 09/30/23 | | Joe Cantone and Neal Cantone dba Pomona Print Shop | 10,362 | 07/31/21 | | La Rocque Better Roofs Inc. | 7,082 | 07/31/21 | | American Threat Assessment Consulting, Inc. | 4,359 | 10/31/22 |
38 | CREFI | 3 Avenues Shopping Center | | No | Bonefish Grill | 5,500 | 06/30/23 | | Panera Bread | 5,100 | 06/30/24 | | Chase Bank | 4,335 | 10/13/33 | | Caliber | 4,000 | 08/31/21 |
39 | JPMCB | Daniel - The Dinex Group | | Yes | Daniel | 17,765 | 10/14/39 | | | | | | | | | | | | |
40 | CREFI | CubeSmart Self Storage - Pembroke Pines | | No | | | | | | | | | | | | | | | |
41 | GACC | Pioneer Plaza | | No | Safeway | 47,019 | 06/30/23 | | Top to Bottom | 8,143 | 03/31/20 | | Dragon Vine | 3,926 | 01/31/20 | | Shari’s | 3,809 | 08/31/25 |
42 | JPMCB | Bella Vista Phase II | | No | | | | | | | | | | | | | | | |
43 | CREFI | Nobu DC | | Yes | Nobu | 13,211 | 09/11/37 | | | | | | | | | | | | |
44 | JPMCB | Bay Pointe Apartments | | No | | | | | | | | | | | | | | | |
45 | CREFI | 652 Kent Avenue | | Yes | Brink’s | 92,000 | 08/31/39 | | | | | | | | | | | | |
46 | JPMCB | WoodSpring Suites Grand Rapids Holland & Tyler | | No | | | | | | | | | | | | | | | |
46.01 | JPMCB | WoodSpring Suites Grand Rapids | | No | | | | | | | | | | | | | | | |
46.02 | JPMCB | WoodSpring Suites Tyler | | No | | | | | | | | | | | | | | | |
47 | GACC | Oak Hills Mobile Home Park | | No | | | | | | | | | | | | | | | |
48 | GACC | Studio Movie Grill Chicago | | Yes | Studio Movie Grill | 65,186 | 01/31/29 | | | | | | | | | | | | |
49 | CREFI | 532 East 142nd Street | | No | | | | | | | | | | | | | | | |
50 | JPMCB | 1713 Parkway | | No | Comerica Bank | 2,781 | 11/14/28 | | Pizza Hut | 1,585 | 12/01/24 | | Austin Gourmet Popcorn | 1,477 | 04/01/24 | | Teapioca Lounge | 1,471 | 01/08/28 |
51 | CREFI | Best Storage - South | | No | | | | | | | | | | | | | | | |
52 | CREFI | WAG Monck’s Corner, SC | | Yes | Walgreens | 14,820 | 08/31/31 | | | | | | | | | | | | |
53 | CREFI | CubeSmart Bryan TX | | No | | | | | | | | | | | | | | | |
| | | | 5th LARGEST TENANT(4), (23), (24), (25) | | | | | | |
| | | | | | | | | | | | |
| | | | | | Lease | | Loan | | Lockbox | Lockbox | Cash |
Loan # | Seller(1) | Property Name | | 5th Largest Tenant | Unit Size | Expiration | | Purpose | Principal / Carveout Guarantor(26) | (Y/N) | Type(27) | Management(27) |
1 | CREFI | Watergate Office Building | | National League for Nursing | 18,299 | 04/30/26 | | Acquisition | Scott J. Seligman | Yes | Hard | Springing |
2 | GACC | 225 Bush | | SunRun | 43,850 | 05/31/24 | | Refinance | Kylli Inc. | Yes | Hard | Springing |
3 | JPMCB | Innovation Park | | Wells Fargo Bank | 196,613 | 03/31/25 | | Acquisition | Aleph Investment Properties (US), LLLP, Aleph Investment Properties, LLLP | Yes | Hard | Springing |
4 | JPMCB | The Essex | | | | | | Refinance | Taconic Development Capital LLC, L&M Development Partners Inc., Donald Capoccia, Brandon Baron, Joseph Ferrara | Yes | Hard | Springing |
5 | GACC | 180 Water | | | | | | Refinance | Nathan Berman | Yes | Hard | In Place |
6 | CREFI | Harvey Building Products | | | | | | Acquisition | AG Net Lease IV Corp. | Yes | Hard | Springing |
6.01 | CREFI | Londonderry / Manufacturing | | | | | | | | | | |
6.02 | CREFI | Dartmouth / Manufacturing | | | | | | | | | | |
6.03 | CREFI | Waltham Corporate | | | | | | | | | | |
6.04 | CREFI | Woburn | | | | | | | | | | |
6.05 | CREFI | Nashua | | | | | | | | | | |
6.06 | CREFI | Woburn CPD | | | | | | | | | | |
6.07 | CREFI | (West) Bridgewater | | | | | | | | | | |
6.08 | CREFI | Manchester, NH | | | | | | | | | | |
6.09 | CREFI | Norwalk 256 | | | | | | | | | | |
6.10 | CREFI | New London | | | | | | | | | | |
6.11 | CREFI | East Haven | | | | | | | | | | |
6.12 | CREFI | Lincoln | | | | | | | | | | |
6.13 | CREFI | Bethlehem | | | | | | | | | | |
6.14 | CREFI | Salem | | | | | | | | | | |
6.15 | CREFI | Norwalk 260 | | | | | | | | | | |
6.16 | CREFI | Berlin | | | | | | | | | | |
6.17 | CREFI | Dartmouth | | | | | | | | | | |
6.18 | CREFI | Manchester, CT | | | | | | | | | | |
6.19 | CREFI | Portland | | | | | | | | | | |
6.20 | CREFI | Braintree | | | | | | | | | | |
6.21 | CREFI | Warwick | | | | | | | | | | |
6.22 | CREFI | Fitchburg | | | | | | | | | | |
6.23 | CREFI | Auburn | | | | | | | | | | |
6.24 | CREFI | Berlin CPD | | | | | | | | | | |
6.25 | CREFI | Southampton | | | | | | | | | | |
6.26 | CREFI | Portsmouth | | | | | | | | | | |
6.27 | CREFI | Wilkes-Barre | | | | | | | | | | |
6.28 | CREFI | Hyannis | | | | | | | | | | |
6.29 | CREFI | Springfield | | | | | | | | | | |
6.30 | CREFI | White River Junction | | | | | | | | | | |
7 | CREFI | Legends at Village West | | Off Broadway Shoes | 21,554 | 01/31/26 | | Refinance | Walton Street Real Estate FUND VII, L.P., Walton Street Real Estate Investors VII, L.P., Walton Street Real Estate Fund VII-Q, L.P., Walton Street Real Estate Fund VII-E, L.P., Walton Street Real Estate Partners VII, L.P., Walton Street Real Estate Partners VII-NGE, L.P., Walton Street Real Estate Fund VII-NUS, L.P. and WSC Capital Holdings VII, L.P. | Yes | Hard | Springing |
8 | GACC | 80 on the Commons | | Sweney Cartwright | 4,665 | 12/31/26 | | Acquisition | Starwood REIT Operating Partnership, L.P. | Yes | Soft (Multifamily); Hard (Office) | Springing |
9 | JPMCB | Osborn Triangle | | | | | | Acquisition | NAP | Yes | Hard | Springing |
9.01 | JPMCB | 610 Main Street North | | Revela | 1,015 | 07/31/27 | | | | | | |
9.02 | JPMCB | 1 Portland Street | | | | | | | | | | |
9.03 | JPMCB | 700 Main Street | | | | | | | | | | |
10 | JPMCB | Tysons Tower | | Reed Smith LLP | 28,553 | 07/31/29 | | Recapitalization | NAP | Yes | Hard | Springing |
11 | JPMCB | 900 & 990 Stewart Avenue | | Nationwide | 18,787 | 08/01/23 | | Acquisition | Leibel Lederman | Yes | Hard | In Place |
12 | JPMCB | Hilton Cincinnati Netherland Plaza | | | | | | Refinance | Greg A. Power | Yes | Hard | In Place |
13 | CREFI | Oro Valley Marketplace | | Big Lots | 28,486 | 01/31/21 | | Acquisition | HSL Properties, Inc., Town West Realty, Inc. and Town West Realty II, Inc. | Yes | Springing | Springing |
14 | JPMCB | Spectrum Brands Global Headquarters | | | | | | Acquisition | HGGP Capital VIII, LLC, HGGP Capital IX, LLC, HGGP Capital X, LLC, HGGP Capital XI, LLC, HGGP Capital XII, LLC, HGGP Capital XIII, LLC, HGGP Capital XIV, LP | Yes | Hard | Springing |
15 | CREFI | Compass AGP Storage Portfolio | | | | | | Refinance | Robert J. Amsdell, Barry L. Amsdell | Yes | Springing | Springing |
15.01 | CREFI | Compass Self Storage Bloomfield | | | | | | | | | | |
15.02 | CREFI | Compass Self Storage Smyrna | | | | | | | | | | |
15.03 | CREFI | Compass Self Storage Port Richey | | | | | | | | | | |
15.04 | CREFI | Compass Self Storage Wendell | | | | | | | | | | |
15.05 | CREFI | Compass Self Storage Duluth | | | | | | | | | | |
15.06 | CREFI | Compass Self Storage Kennesaw | | | | | | | | | | |
16 | GACC | 221 West 29th St | | | | | | Refinance | IronState Holdings LLC, Charles Blaichman, Scott Shnay, Abram Shnay | Yes | Springing | Springing |
17 | JPMCB | Jersey City Group 1 | | | | | | Refinance | Joseph Ehrman, Barry Schreiber | Yes | Springing | Springing |
17.01 | JPMCB | 92 & 96 Highland Avenue | | | | | | | | | | |
17.02 | JPMCB | 58 Van Reypen Street | | | | | | | | | | |
17.03 | JPMCB | 67 Stuyvesant Avenue | | | | | | | | | | |
17.04 | JPMCB | 2729 John F. Kennedy Boulevard | | | | | | | | | | |
17.05 | JPMCB | 1 Britton Street | | | | | | | | | | |
17.06 | JPMCB | 46 Vroom Street | | | | | | | | | | |
17.07 | JPMCB | 6 Tonnele Avenue | | | | | | | | | | |
17.08 | JPMCB | 114 Stuyvesant Avenue | | | | | | | | | | |
17.09 | JPMCB | 64 Newkirk Street | | | | | | | | | | |
17.10 | JPMCB | 153 Academy Street | | | | | | | | | | |
18 | JPMCB | Jersey City Group 3 | | | | | | Refinance | Joseph Ehrman, Barry Schreiber | Yes | Springing | Springing |
18.01 | JPMCB | 3143 & 3149 John F. Kennedy Boulevard | | | | | | | | | | |
18.02 | JPMCB | 169 Manhattan Avenue | | | | | | | | | | |
18.03 | JPMCB | 78 Congress Street | | | | | | | | | | |
18.04 | JPMCB | 516, 518 & 520 Central Avenue | | | | | | | | | | |
18.05 | JPMCB | 3719 John F. Kennedy Boulevard | | | | | | | | | | |
18.06 | JPMCB | 393 Central Avenue | | | | | | | | | | |
18.07 | JPMCB | 104 Booraem Avenue | | | | | | | | | | |
18.08 | JPMCB | 55 Graham Street | | | | | | | | | | |
18.09 | JPMCB | 95 Beacon Avenue | | | | | | | | | | |
19 | JPMCB | Grand Canal Shoppes | | Grand Lux Café | 19,100 | 12/31/29 | | Refinance | BPR Nimbus LLC | Yes | Hard | Springing |
20 | JPMCB | 230 Park Avenue South | | | | | | Refinance | TF Cornerstone Properties, LLC | Yes | Hard | Springing |
21 | JPMCB | Villas on Nueces | | | | | | Refinance | Brad J. Zucker | Yes | Soft | Springing |
22 | GACC | Glendale Portfolio | | | | | | Refinance | The Robert and Marjorie Champion Trust | Yes | Springing | Springing |
22.01 | GACC | Windsor Villas | | | | | | | | | | |
22.02 | GACC | 720 Louise | | | | | | | | | | |
23 | JPMCB | 8 West Centre | | | | | | Refinance | Azrieli Group Ltd. | Yes | Hard | In Place |
24 | CREFI | Florham Park Corporate Center | | COWI-North America Inc. | 11,178 | 11/30/27 | | Acquisition | Joseph Brachfeld, Patrick J. Magee | Yes | Hard | Springing |
25 | GACC | Sparks Galleria | | Salons by JC | 6,530 | 10/09/25 | | Acquisition | CIRE OPCO I, LLC | Yes | Hard | Springing |
26 | CREFI | 530 Midwood | | | | | | Refinance | Joel Wertzberger | Yes | Springing | Springing |
27 | JPMCB | The Rockland | | | | | | Acquisition | Brian Nelson | Yes | Springing | Springing |
28 | JPMCB | Sunset North | | GM Cruise | 32,331 | 11/30/26 | | Acquisition | Kennedy-Wilson Holdings, Inc. | Yes | Hard | Springing |
29 | JPMCB | 600 & 620 National Avenue | | | | | | Acquisition | Brett Michael Lipman, Farshid Steve Shokouhi | Yes | Hard | Springing |
30 | JPMCB | City Hyde Park | | Hyde Park OneFish TwoFish LLC | 5,255 | 07/31/27 | | Refinance | LARP Holdings, LLC | Yes | Springing Soft (Multifamily); Springing Hard (Retail) | Springing |
31 | CREFI | Keystone Plaza | | The Sherwin-Williams Company | 3,240 | 10/31/23 | | Refinance | Irwin Tauber, Tauber Family 2001 Dynasty Trust | Yes | Hard | Springing |
32 | JPMCB | The Shoppes at Southside | | Deerwood Jewelers | 2,800 | 07/31/22 | | Acquisition | Adam Greenberg, Michael Lapointe, Abbey Berkowitz, Phyllis McHenry, Anthony DeRosa | Yes | Springing | Springing |
33 | CREFI | Caughlin Ranch | | Pitts Orthodontics | 4,800 | 10/31/23 | | Refinance | ShopOne Centers Operating Partnership, L.P. | Yes | Hard | Springing |
34 | GACC | SE Michigan Multifamily Portfolio | | | | | | Refinance | Kenneth Teagle, Trent Keliher, Robin Scrimgeour | Yes | Springing | Springing |
34.01 | GACC | Anthos Garden | | | | | | | | | | |
34.02 | GACC | Top of the Drive | | | | | | | | | | |
34.03 | GACC | Victoria Place | | | | | | | | | | |
34.04 | GACC | Park High | | | | | | | | | | |
| | | | 5th LARGEST TENANT(4), (23), (24), (25) | | | | | | |
| | | | | | | | | | | | |
| | | | | | Lease | | Loan | | Lockbox | Lockbox | Cash |
Loan # | Seller(1) | Property Name | | 5th Largest Tenant | Unit Size | Expiration | | Purpose | Principal / Carveout Guarantor(26) | (Y/N) | Type(27) | Management(27) |
34.05 | GACC | Boulder Creek | | | | | | | | | | |
35 | GACC | The Shops at Merchant’s Square | | Aspen Dental | 3,334 | 01/31/30 | | Refinance | Remy F. Gross III, Maximillian J. Grelier III | Yes | Springing | Springing |
36 | CREFI | 333 Cypress | | | | | | Refinance | Robert Rosenberg | Yes | Springing | Springing |
37 | CREFI | Arrow Business Park | | B and K Electric Wholesale | 4,108 | 04/30/22 | | Acquisition | ACEM LLC | Yes | Soft | Springing |
38 | CREFI | 3 Avenues Shopping Center | | Jos A Bank | 3,904 | 11/12/23 | | Refinance | Peter Scott Parker | Yes | Springing | Springing |
39 | JPMCB | Daniel - The Dinex Group | | | | | | Refinance | The Dinex Group, LLC | Yes | Hard | Springing |
40 | CREFI | CubeSmart Self Storage - Pembroke Pines | | | | | | Acquisition | Jacob Ramage | Yes | Springing | Springing |
41 | GACC | Pioneer Plaza | | Oishii Sushi | 3,600 | 10/31/27 | | Acquisition | Kenneth Levy | Yes | Springing | Springing |
42 | JPMCB | Bella Vista Phase II | | | | | | Acquisition | Bernard McGuire, Eugene McGuire | Yes | Springing | Springing |
43 | CREFI | Nobu DC | | | | | | Recapitalization | PRP REI, LLC | Yes | Hard | Springing |
44 | JPMCB | Bay Pointe Apartments | | | | | | Refinance | Gary W. Gates, Jr. | Yes | Soft | Springing |
45 | CREFI | 652 Kent Avenue | | | | | | Refinance | Emil LLC | Yes | Springing | Springing |
46 | JPMCB | WoodSpring Suites Grand Rapids Holland & Tyler | | | | | | Refinance | Richard D. Squires | Yes | Springing | Springing |
46.01 | JPMCB | WoodSpring Suites Grand Rapids | | | | | | | | | | |
46.02 | JPMCB | WoodSpring Suites Tyler | | | | | | | | | | |
47 | GACC | Oak Hills Mobile Home Park | | | | | | Refinance | James A. Martin | Yes | Springing | Springing |
48 | GACC | Studio Movie Grill Chicago | | | | | | Acquisition | Jon Goldstein | Yes | Hard | Springing |
49 | CREFI | 532 East 142nd Street | | | | | | Refinance | Robert Rosenberg | Yes | Springing | Springing |
50 | JPMCB | 1713 Parkway | | Cookie Cutters | 1,213 | 10/17/27 | | Refinance | Joseph L. Priske | Yes | Springing | Springing |
51 | CREFI | Best Storage - South | | | | | | Refinance | Arthur Lloyd Davidson, Jr. | Yes | Springing | Springing |
52 | CREFI | WAG Monck’s Corner, SC | | | | | | Acquisition | Joseph Perri | Yes | Springing | Springing |
53 | CREFI | CubeSmart Bryan TX | | | | | | Acquisition | Lawrence Charles Kaplan, George Thacker, Richard Schontz | Yes | Springing | Springing |
| | | Pari Passu Debt | | Additional Debt | |
| | | | Pari Passu | Pari Passu | Pari Passu | Total Cut-off | | | | | Additional | | |
| | | Pari Passu | Note Control | Piece In Trust | Piece Non Trust | Date Pari | | Addit Debt | Addit Debt | Additional | Debt Cut off | Additional Debt | |
Loan # | Seller(1) | Property Name | (Y/N) | (Y/N)(28) | Cut-Off Balance | Cut-Off Balance | Passu Debt | | Permitted (Y/N) | Exist (Y/N)(29) | Debt Type(s) | Date Balance | Interest Rate | |
1 | CREFI | Watergate Office Building | No | NAP | NAP | NAP | NAP | | No | No | NAP | NAP | NAP | |
2 | GACC | 225 Bush | Yes | Yes | 60,000,000 | 143,600,000 | 203,600,000 | | No | Yes | Subordinate Debt | 146,400,000 | 3.30300 | |
3 | JPMCB | Innovation Park | Yes | No | 60,000,000 | 122,250,000 | 182,250,000 | | Yes | No | Permitted Mezz | NAP | NAP | |
4 | JPMCB | The Essex | Yes | Yes | 56,900,000 | 60,100,000 | 117,000,000 | | No | Yes | Subordinate Debt (58,000,000)/Mezzanine Loan (40,000,000) | 98,000,000 | 5.81122 | |
5 | GACC | 180 Water | Yes | No | 50,000,000 | 87,500,000 | 137,500,000 | | Yes | Yes | Subordinate Debt (127,500,000)/Mezzanine Loan (100,000,000)/Permitted Mezzanine | 227,500,000 | 5.55966 | |
6 | CREFI | Harvey Building Products | Yes | Yes | 50,000,000 | 110,000,000 | 160,000,000 | | Yes | No | Permitted Mezzanine | NAP | NAP | |
6.01 | CREFI | Londonderry / Manufacturing | | | | | | | | | | | | |
6.02 | CREFI | Dartmouth / Manufacturing | | | | | | | | | | | | |
6.03 | CREFI | Waltham Corporate | | | | | | | | | | | | |
6.04 | CREFI | Woburn | | | | | | | | | | | | |
6.05 | CREFI | Nashua | | | | | | | | | | | | |
6.06 | CREFI | Woburn CPD | | | | | | | | | | | | |
6.07 | CREFI | (West) Bridgewater | | | | | | | | | | | | |
6.08 | CREFI | Manchester, NH | | | | | | | | | | | | |
6.09 | CREFI | Norwalk 256 | | | | | | | | | | | | |
6.10 | CREFI | New London | | | | | | | | | | | | |
6.11 | CREFI | East Haven | | | | | | | | | | | | |
6.12 | CREFI | Lincoln | | | | | | | | | | | | |
6.13 | CREFI | Bethlehem | | | | | | | | | | | | |
6.14 | CREFI | Salem | | | | | | | | | | | | |
6.15 | CREFI | Norwalk 260 | | | | | | | | | | | | |
6.16 | CREFI | Berlin | | | | | | | | | | | | |
6.17 | CREFI | Dartmouth | | | | | | | | | | | | |
6.18 | CREFI | Manchester, CT | | | | | | | | | | | | |
6.19 | CREFI | Portland | | | | | | | | | | | | |
6.20 | CREFI | Braintree | | | | | | | | | | | | |
6.21 | CREFI | Warwick | | | | | | | | | | | | |
6.22 | CREFI | Fitchburg | | | | | | | | | | | | |
6.23 | CREFI | Auburn | | | | | | | | | | | | |
6.24 | CREFI | Berlin CPD | | | | | | | | | | | | |
6.25 | CREFI | Southampton | | | | | | | | | | | | |
6.26 | CREFI | Portsmouth | | | | | | | | | | | | |
6.27 | CREFI | Wilkes-Barre | | | | | | | | | | | | |
6.28 | CREFI | Hyannis | | | | | | | | | | | | |
6.29 | CREFI | Springfield | | | | | | | | | | | | |
6.30 | CREFI | White River Junction | | | | | | | | | | | | |
7 | CREFI | Legends at Village West | Yes | Yes | 50,000,000 | 70,000,000 | 120,000,000 | | No | No | NAP | NAP | NAP | |
8 | GACC | 80 on the Commons | No | NAP | NAP | NAP | NAP | | No | No | NAP | NAP | NAP | |
9 | JPMCB | Osborn Triangle | Yes | No | 40,000,000 | 390,000,000 | 430,000,000 | | No | Yes | Subordinate Debt | 145,000,000 | 3.79700 | |
9.01 | JPMCB | 610 Main Street North | | | | | | | | | | | | |
9.02 | JPMCB | 1 Portland Street | | | | | | | | | | | | |
9.03 | JPMCB | 700 Main Street | | | | | | | | | | | | |
10 | JPMCB | Tysons Tower | Yes | No | 40,000,000 | 150,000,000 | 190,000,000 | | No | No | NAP | NAP | NAP | |
11 | JPMCB | 900 & 990 Stewart Avenue | Yes | No | 39,000,000 | 45,000,000 | 84,000,000 | | No | No | NAP | NAP | NAP | |
12 | JPMCB | Hilton Cincinnati Netherland Plaza | Yes | Yes | 35,500,000 | 37,000,000 | 72,500,000 | | No | No | NAP | NAP | NAP | |
13 | CREFI | Oro Valley Marketplace | No | NAP | NAP | NAP | NAP | | No | No | NAP | NAP | NAP | |
14 | JPMCB | Spectrum Brands Global Headquarters | No | NAP | NAP | NAP | NAP | | No | No | NAP | NAP | NAP | |
15 | CREFI | Compass AGP Storage Portfolio | No | NAP | NAP | NAP | NAP | | No | No | NAP | NAP | NAP | |
15.01 | CREFI | Compass Self Storage Bloomfield | | | | | | | | | | | | |
15.02 | CREFI | Compass Self Storage Smyrna | | | | | | | | | | | | |
15.03 | CREFI | Compass Self Storage Port Richey | | | | | | | | | | | | |
15.04 | CREFI | Compass Self Storage Wendell | | | | | | | | | | | | |
15.05 | CREFI | Compass Self Storage Duluth | | | | | | | | | | | | |
15.06 | CREFI | Compass Self Storage Kennesaw | | | | | | | | | | | | |
16 | GACC | 221 West 29th St | No | NAP | NAP | NAP | NAP | | No | No | NAP | NAP | NAP | |
17 | JPMCB | Jersey City Group 1 | No | NAP | NAP | NAP | NAP | | No | No | NAP | NAP | NAP | |
17.01 | JPMCB | 92 & 96 Highland Avenue | | | | | | | | | | | | |
17.02 | JPMCB | 58 Van Reypen Street | | | | | | | | | | | | |
17.03 | JPMCB | 67 Stuyvesant Avenue | | | | | | | | | | | | |
17.04 | JPMCB | 2729 John F. Kennedy Boulevard | | | | | | | | | | | | |
17.05 | JPMCB | 1 Britton Street | | | | | | | | | | | | |
17.06 | JPMCB | 46 Vroom Street | | | | | | | | | | | | |
17.07 | JPMCB | 6 Tonnele Avenue | | | | | | | | | | | | |
17.08 | JPMCB | 114 Stuyvesant Avenue | | | | | | | | | | | | |
17.09 | JPMCB | 64 Newkirk Street | | | | | | | | | | | | |
17.10 | JPMCB | 153 Academy Street | | | | | | | | | | | | |
18 | JPMCB | Jersey City Group 3 | No | NAP | NAP | NAP | NAP | | No | No | NAP | NAP | NAP | |
18.01 | JPMCB | 3143 & 3149 John F. Kennedy Boulevard | | | | | | | | | | | | |
18.02 | JPMCB | 169 Manhattan Avenue | | | | | | | | | | | | |
18.03 | JPMCB | 78 Congress Street | | | | | | | | | | | | |
18.04 | JPMCB | 516, 518 & 520 Central Avenue | | | | | | | | | | | | |
18.05 | JPMCB | 3719 John F. Kennedy Boulevard | | | | | | | | | | | | |
18.06 | JPMCB | 393 Central Avenue | | | | | | | | | | | | |
18.07 | JPMCB | 104 Booraem Avenue | | | | | | | | | | | | |
18.08 | JPMCB | 55 Graham Street | | | | | | | | | | | | |
18.09 | JPMCB | 95 Beacon Avenue | | | | | | | | | | | | |
19 | JPMCB | Grand Canal Shoppes | Yes | No | 30,384,615 | 729,615,385 | 760,000,000 | | No | Yes | Subordinate Debt | 215,000,000 | 6.25000 | |
20 | JPMCB | 230 Park Avenue South | Yes | No | 30,000,000 | 220,000,000 | 250,000,000 | | No | No | NAP | NAP | NAP | |
21 | JPMCB | Villas on Nueces | No | NAP | NAP | NAP | NAP | | No | Yes | Mezzanine Loan | 7,000,000 | 7.25000 | |
22 | GACC | Glendale Portfolio | No | NAP | NAP | NAP | NAP | | No | No | NAP | NAP | NAP | |
22.01 | GACC | Windsor Villas | | | | | | | | | | | | |
22.02 | GACC | 720 Louise | | | | | | | | | | | | |
23 | JPMCB | 8 West Centre | Yes | Yes | 26,000,000 | 18,200,000 | 44,200,000 | | No | No | NAP | NAP | NAP | |
24 | CREFI | Florham Park Corporate Center | No | NAP | NAP | NAP | NAP | | No | No | NAP | NAP | NAP | |
25 | GACC | Sparks Galleria | No | NAP | NAP | NAP | NAP | | No | No | NAP | NAP | NAP | |
26 | CREFI | 530 Midwood | No | NAP | NAP | NAP | NAP | | No | No | NAP | NAP | NAP | |
27 | JPMCB | The Rockland | No | NAP | NAP | NAP | NAP | | No | No | NAP | NAP | NAP | |
28 | JPMCB | Sunset North | Yes | No | 20,000,000 | 130,000,000 | 150,000,000 | | No | No | NAP | NAP | NAP | |
29 | JPMCB | 600 & 620 National Avenue | Yes | No | 20,000,000 | 117,900,000 | 137,900,000 | | No | No | NAP | NAP | NAP | |
30 | JPMCB | City Hyde Park | Yes | No | 20,000,000 | 92,000,000 | 112,000,000 | | No | No | NAP | NAP | NAP | |
31 | CREFI | Keystone Plaza | No | NAP | NAP | NAP | NAP | | No | No | NAP | NAP | NAP | |
32 | JPMCB | The Shoppes at Southside | No | NAP | NAP | NAP | NAP | | No | No | NAP | NAP | NAP | |
33 | CREFI | Caughlin Ranch | No | NAP | NAP | NAP | NAP | | No | No | NAP | NAP | NAP | |
34 | GACC | SE Michigan Multifamily Portfolio | No | NAP | NAP | NAP | NAP | | No | No | NAP | NAP | NAP | |
34.01 | GACC | Anthos Garden | | | | | | | | | | | | |
34.02 | GACC | Top of the Drive | | | | | | | | | | | | |
34.03 | GACC | Victoria Place | | | | | | | | | | | | |
34.04 | GACC | Park High | | | | | | | | | | | | |
| | | Total Debt | | HOTEL OPERATING STATISTICS | |
| | | | Total Debt | | Total Debt | | | | | | | | | | | | | | | | | |
| | | Total Debt | UW NCF | Total Debt | UW NOI | | 2016 | 2016 | 2016 | 2017 | 2017 | 2017 | 2018 | 2017 | 2018 | Most Recent | Most Recent | Most Recent | UW | UW | UW | |
Loan # | Seller(1) | Property Name | Cut-off Balance | DSCR | Current LTV % | Debt Yield % | | Occupancy % | ADR ($) | RevPAR ($) | Occupancy % | ADR ($) | RevPAR ($) | Occupancy % | ADR ($) | RevPAR ($) | Occupancy % | ADR ($) | RevPAR ($) | Occupancy % | ADR ($) | RevPAR ($) | Loan # |
1 | CREFI | Watergate Office Building | NAP | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 1 |
2 | GACC | 225 Bush | 350,000,000 | 2.24 | 59.4% | 7.8% | | | | | | | | | | | | | | | | | 2 |
3 | JPMCB | Innovation Park | 182,250,000 | 2.96 | 68.8% | 11.6% | | | | | | | | | | | | | | | | | 3 |
4 | JPMCB | The Essex | 215,000,000 | 1.33 | 73.4% | 5.6% | | | | | | | | | | | | | | | | | 4 |
5 | GACC | 180 Water | 365,000,000 | 0.85 | 80.8% | 4.1% | | | | | | | | | | | | | | | | | 5 |
6 | CREFI | Harvey Building Products | 160,000,000 | 1.51 | 69.4% | 9.1% | | | | | | | | | | | | | | | | | 6 |
6.01 | CREFI | Londonderry / Manufacturing | | 1.51 | 69.4% | 9.1% | | | | | | | | | | | | | | | | | 6.01 |
6.02 | CREFI | Dartmouth / Manufacturing | | 1.51 | 69.4% | 9.1% | | | | | | | | | | | | | | | | | 6.02 |
6.03 | CREFI | Waltham Corporate | | 1.51 | 69.4% | 9.1% | | | | | | | | | | | | | | | | | 6.03 |
6.04 | CREFI | Woburn | | 1.51 | 69.4% | 9.1% | | | | | | | | | | | | | | | | | 6.04 |
6.05 | CREFI | Nashua | | 1.51 | 69.4% | 9.1% | | | | | | | | | | | | | | | | | 6.05 |
6.06 | CREFI | Woburn CPD | | 1.51 | 69.4% | 9.1% | | | | | | | | | | | | | | | | | 6.06 |
6.07 | CREFI | (West) Bridgewater | | 1.51 | 69.4% | 9.1% | | | | | | | | | | | | | | | | | 6.07 |
6.08 | CREFI | Manchester, NH | | 1.51 | 69.4% | 9.1% | | | | | | | | | | | | | | | | | 6.08 |
6.09 | CREFI | Norwalk 256 | | 1.51 | 69.4% | 9.1% | | | | | | | | | | | | | | | | | 6.09 |
6.10 | CREFI | New London | | 1.51 | 69.4% | 9.1% | | | | | | | | | | | | | | | | | 6.10 |
6.11 | CREFI | East Haven | | 1.51 | 69.4% | 9.1% | | | | | | | | | | | | | | | | | 6.11 |
6.12 | CREFI | Lincoln | | 1.51 | 69.4% | 9.1% | | | | | | | | | | | | | | | | | 6.12 |
6.13 | CREFI | Bethlehem | | 1.51 | 69.4% | 9.1% | | | | | | | | | | | | | | | | | 6.13 |
6.14 | CREFI | Salem | | 1.51 | 69.4% | 9.1% | | | | | | | | | | | | | | | | | 6.14 |
6.15 | CREFI | Norwalk 260 | | 1.51 | 69.4% | 9.1% | | | | | | | | | | | | | | | | | 6.15 |
6.16 | CREFI | Berlin | | 1.51 | 69.4% | 9.1% | | | | | | | | | | | | | | | | | 6.16 |
6.17 | CREFI | Dartmouth | | 1.51 | 69.4% | 9.1% | | | | | | | | | | | | | | | | | 6.17 |
6.18 | CREFI | Manchester, CT | | 1.51 | 69.4% | 9.1% | | | | | | | | | | | | | | | | | 6.18 |
6.19 | CREFI | Portland | | 1.51 | 69.4% | 9.1% | | | | | | | | | | | | | | | | | 6.19 |
6.20 | CREFI | Braintree | | 1.51 | 69.4% | 9.1% | | | | | | | | | | | | | | | | | 6.20 |
6.21 | CREFI | Warwick | | 1.51 | 69.4% | 9.1% | | | | | | | | | | | | | | | | | 6.21 |
6.22 | CREFI | Fitchburg | | 1.51 | 69.4% | 9.1% | | | | | | | | | | | | | | | | | 6.22 |
6.23 | CREFI | Auburn | | 1.51 | 69.4% | 9.1% | | | | | | | | | | | | | | | | | 6.23 |
6.24 | CREFI | Berlin CPD | | 1.51 | 69.4% | 9.1% | | | | | | | | | | | | | | | | | 6.24 |
6.25 | CREFI | Southampton | | 1.51 | 69.4% | 9.1% | | | | | | | | | | | | | | | | | 6.25 |
6.26 | CREFI | Portsmouth | | 1.51 | 69.4% | 9.1% | | | | | | | | | | | | | | | | | 6.26 |
6.27 | CREFI | Wilkes-Barre | | 1.51 | 69.4% | 9.1% | | | | | | | | | | | | | | | | | 6.27 |
6.28 | CREFI | Hyannis | | 1.51 | 69.4% | 9.1% | | | | | | | | | | | | | | | | | 6.28 |
6.29 | CREFI | Springfield | | 1.51 | 69.4% | 9.1% | | | | | | | | | | | | | | | | | 6.29 |
6.30 | CREFI | White River Junction | | 1.51 | 69.4% | 9.1% | | | | | | | | | | | | | | | | | 6.30 |
7 | CREFI | Legends at Village West | 120,000,000 | 1.67 | 53.3% | 9.5% | | | | | | | | | | | | | | | | | 7 |
8 | GACC | 80 on the Commons | NAP | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 8 |
9 | JPMCB | Osborn Triangle | 575,000,000 | 2.33 | 49.7% | 9.3% | | | | | | | | | | | | | | | | | 9 |
9.01 | JPMCB | 610 Main Street North | | 2.33 | 49.7% | 9.3% | | | | | | | | | | | | | | | | | 9.01 |
9.02 | JPMCB | 1 Portland Street | | 2.33 | 49.7% | 9.3% | | | | | | | | | | | | | | | | | 9.02 |
9.03 | JPMCB | 700 Main Street | | 2.33 | 49.7% | 9.3% | | | | | | | | | | | | | | | | | 9.03 |
10 | JPMCB | Tysons Tower | 190,000,000 | 3.07 | 52.1% | 11.0% | | | | | | | | | | | | | | | | | 10 |
11 | JPMCB | 900 & 990 Stewart Avenue | 84,000,000 | 1.95 | 69.2% | 9.1% | | | | | | | | | | | | | | | | | 11 |
12 | JPMCB | Hilton Cincinnati Netherland Plaza | 72,500,000 | 1.62 | 68.7% | 10.9% | | 75.2% | 149.52 | 112.47 | 72.6% | 156.96 | 113.98 | 75.1% | 155.36 | 116.66 | 74.8% | 154.12 | 115.28 | 74.8% | 154.12 | 115.28 | 12 |
13 | CREFI | Oro Valley Marketplace | NAP | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 13 |
14 | JPMCB | Spectrum Brands Global Headquarters | NAP | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 14 |
15 | CREFI | Compass AGP Storage Portfolio | NAP | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 15 |
15.01 | CREFI | Compass Self Storage Bloomfield | | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 15.01 |
15.02 | CREFI | Compass Self Storage Smyrna | | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 15.02 |
15.03 | CREFI | Compass Self Storage Port Richey | | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 15.03 |
15.04 | CREFI | Compass Self Storage Wendell | | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 15.04 |
15.05 | CREFI | Compass Self Storage Duluth | | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 15.05 |
15.06 | CREFI | Compass Self Storage Kennesaw | | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 15.06 |
16 | GACC | 221 West 29th St | NAP | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 16 |
17 | JPMCB | Jersey City Group 1 | NAP | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 17 |
17.01 | JPMCB | 92 & 96 Highland Avenue | | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 17.01 |
17.02 | JPMCB | 58 Van Reypen Street | | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 17.02 |
17.03 | JPMCB | 67 Stuyvesant Avenue | | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 17.03 |
17.04 | JPMCB | 2729 John F. Kennedy Boulevard | | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 17.04 |
17.05 | JPMCB | 1 Britton Street | | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 17.05 |
17.06 | JPMCB | 46 Vroom Street | | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 17.06 |
17.07 | JPMCB | 6 Tonnele Avenue | | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 17.07 |
17.08 | JPMCB | 114 Stuyvesant Avenue | | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 17.08 |
17.09 | JPMCB | 64 Newkirk Street | | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 17.09 |
17.10 | JPMCB | 153 Academy Street | | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 17.10 |
18 | JPMCB | Jersey City Group 3 | NAP | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 18 |
18.01 | JPMCB | 3143 & 3149 John F. Kennedy Boulevard | | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 18.01 |
18.02 | JPMCB | 169 Manhattan Avenue | | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 18.02 |
18.03 | JPMCB | 78 Congress Street | | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 18.03 |
18.04 | JPMCB | 516, 518 & 520 Central Avenue | | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 18.04 |
18.05 | JPMCB | 3719 John F. Kennedy Boulevard | | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 18.05 |
18.06 | JPMCB | 393 Central Avenue | | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 18.06 |
18.07 | JPMCB | 104 Booraem Avenue | | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 18.07 |
18.08 | JPMCB | 55 Graham Street | | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 18.08 |
18.09 | JPMCB | 95 Beacon Avenue | | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 18.09 |
19 | JPMCB | Grand Canal Shoppes | 975,000,000 | 1.67 | 59.5% | 7.5% | | | | | | | | | | | | | | | | | 19 |
20 | JPMCB | 230 Park Avenue South | 250,000,000 | 2.65 | 51.0% | 8.9% | | | | | | | | | | | | | | | | | 20 |
21 | JPMCB | Villas on Nueces | 37,000,000 | 1.49 | 65.0% | 7.8% | | | | | | | | | | | | | | | | | 21 |
22 | GACC | Glendale Portfolio | NAP | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 22 |
22.01 | GACC | Windsor Villas | | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 22.01 |
22.02 | GACC | 720 Louise | | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 22.02 |
23 | JPMCB | 8 West Centre | 44,200,000 | 1.86 | 63.1% | 11.7% | | | | | | | | | | | | | | | | | 23 |
24 | CREFI | Florham Park Corporate Center | NAP | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 24 |
25 | GACC | Sparks Galleria | NAP | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 25 |
26 | CREFI | 530 Midwood | NAP | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 26 |
27 | JPMCB | The Rockland | NAP | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 27 |
28 | JPMCB | Sunset North | 150,000,000 | 2.63 | 66.1% | 9.1% | | | | | | | | | | | | | | | | | 28 |
29 | JPMCB | 600 & 620 National Avenue | 137,900,000 | 1.93 | 70.0% | 7.2% | | | | | | | | | | | | | | | | | 29 |
30 | JPMCB | City Hyde Park | 112,000,000 | 1.06 | 73.8% | 6.7% | | | | | | | | | | | | | | | | | 30 |
31 | CREFI | Keystone Plaza | NAP | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 31 |
32 | JPMCB | The Shoppes at Southside | NAP | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 32 |
33 | CREFI | Caughlin Ranch | NAP | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 33 |
34 | GACC | SE Michigan Multifamily Portfolio | NAP | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 34 |
34.01 | GACC | Anthos Garden | | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 34.01 |
34.02 | GACC | Top of the Drive | | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 34.02 |
34.03 | GACC | Victoria Place | | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 34.03 |
34.04 | GACC | Park High | | NAP | NAP | NAP | | | | | | | | | | | | | | | | | 34.04 |
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(1) | “JPMCB” denotes JPMorgan Chase Bank, National Association, as Mortgage Loan Seller; “GACC” denotes German American Capital Corporation, as Mortgage Loan Seller; and “CREFI” denotes Citi Real Estate Funding Inc. or one of its affiliates, as Mortgage Loan Seller.
With respect to Loan No. 4, The Essex, the mortgage loan was co-originated by JPMCB and Goldman Sachs Bank USA.
With respect to Loan No. 10, Tysons Tower, the mortgage loan was co-originated by JPMCB and Wells Fargo Bank, N.A.
With respect to Loan No. 19, Grand Canal Shoppes, the mortgage loan was co-originated by JPMCB, Morgan Stanley Bank, N.A., Wells Fargo Bank, N.A. and Goldman Sachs Bank USA.
With respect to Loan No. 20, 230 Park Avenue South, the mortgage loan was co-originated by JPMCB, Bank of America, N.A. and Wells Fargo Bank, N.A.
With respect to Loan No. 29, 600 & 620 National Avenue, the mortgage loan was co-originated by JPMCB and Wells Fargo Bank, N.A. |
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(2) | With respect to Loan No. 8, 80 on the Commons, the property includes 173,254 square feet of office space in addition to 125 multifamily units. The rent roll for the office space is dated as of September 20, 2019, and the rent roll for the multifamily units is dated as of September 19, 2019. The appraiser provided a 5.00% cap rate for the multifamily and a 7.25% cap rate for the commercial space. |
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(3) | Certain of the mortgage loans include parcels ground leased to tenants in the calculation of the total square footage and the occupancy of the mortgaged property.
With respect to Loan No. 4, The Essex, Units reflects only the multifamily portion of the mortgaged property, exclusive of the retail component occupied by a Regal Cinemas.
With respect to Loan No. 7, Legends at Village West, the borrower ground leases certain spaces at the mortgaged property to various tenants, including Residence Inn and Taco Bueno.
With respect to Loan No. 13, Oro Valley Marketplace, the borrower ground leases certain spaces at the mortgaged property to various tenants, including Wal-Mart.
With respect to Loan No. 18, Jersey City Group 3, seven commercial leases exist across three properties in the portfolio, and such commercial leases are not reflected by Units.
With respect to Loan No. 19, Grand Canal Shoppes, Units excludes the 84,743 square foot space currently leased to Barneys New York. This space is included in the collateral, but the mortgage loan documents permit a free release with respect to such space. As such, no value or rental income has been attributed to this space.
With respect to Loan No. 30, City Hyde Park, Units does not reflect the 110,062 square feet of space leased to retail tenants.
With respect to Loan No. 32, The Shoppes at Southside, Chick-fil-A, the 4th Largest Tenant, owns its improvements but not the underlying land, which is ground leased from the borrowers. The term of the lease commenced on June 25, 2004, and expires on October 31, 2024, with two five-year renewal options. The annual rent under the ground lease is $106,150. Tenant has a right of first refusal to purchase the leased land in the event the borrowers decide to sell the leased land separately from all or any portion of the mortgaged property.
With respect to Loan No. 38, 3 Avenues Shopping Center, the borrower ground leases certain spaces at the mortgaged property to various tenants, including Chase Bank.
With respect to Loan No. 45, 652 Kent Avenue, the mortgaged property includes one leased fee property for which the related borrowers own the underlying land but not the improvements, which are owned by the applicable ground lessees. |
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(4) | In certain cases, mortgaged properties may have tenants that have executed leases that were included in the underwriting but have not yet commenced paying rent and/or are not in occupancy. UW Revenues ($), UW NOI ($) and UW NCF ($) are generally calculated by the Mortgage Loan Seller in accordance with its underwriting guidelines. UW NOI ($) and UW NCF ($) may include contractual or market rent escalations and, in the case of certain tenants, may be based on the average rent paid by the tenant through either the term of the related lease or the mortgage loan. Please see “Description of the Mortgage Pool—Certain Calculations and Definitions” for additional information.
With respect to Loan No. 7, Legends at Village West, Occupancy % includes temporary tenant Spirit Halloween, which occupies 21,975 square feet at the mortgaged property.
With respect to Loan No. 8, 80 on the Commons, Root Insurance has executed a lease for floors three through five and a suite on floor six, but has not yet taken occupancy of the suite on floor six, which consists of 10,311 square feet of its leased premises. In addition, the 2nd Largest Tenant, Coastal Ridge (11.5% of office net rentable area), and the 5th Largest Tenant, Sweney Cartwright (2.7% of office net rentable area), are not yet in occupancy of their respective spaces and are expected to take occupancy in February and January of 2020, respectively. Gap rent was reserved at origination (four months for Coastal Ridge and three months for Sweeney Cartwright).
With respect to Loan No. 12, Hilton Cincinnati Netherland Plaza, approximately 35.6% of UW Revenues ($) is attributable to the food and beverage outlets at the mortgaged property and the remainder of the UW Revenues ($) is attributable to the hospitality component of the mortgaged property.
With respect to Loan No. 13, Oro Valley Marketplace, the 2nd Largest Tenant, Ashley Furniture, has taken possession of its space and is expected to complete its build out, take occupancy and commence paying rent within 6 months of the Cut-off Date.
With respect to Loan No. 20, 230 Park Avenue South, the Largest Tenant, Discovery, has not taken full occupancy of its premises or commenced paying full rent, as the space is currently undergoing build-out. The tenant is expected to begin taking occupancy in January 2020 with a full occupancy date expected by December 2020.
With respect to Loan No. 28, Sunset North, the 3rd Largest Tenant, WeWork, has executed its lease, taken possession of its space and begun paying rent, but has not yet taken occupancy. According to the borrower sponsor, WeWork is expected to complete buildout of its space and begin taking occupancy in November 2019. We cannot assure you that WeWork will take occupancy as expected.
With respect to Loan No. 29, 600 & 620 National Avenue, the Largest Tenant, Google, has executed its lease but has not taken occupancy.
With respect to Loan No. 35, The Shops at Merchant's Square, the 5th Largest Tenant, Aspen Dental, has executed a lease but has not taken occupancy or commenced paying rent. The tenant is expected to take occupancy in January 2020. |
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(5) | With respect to all mortgage loans, with the exceptions of the mortgage loans listed below, the Current LTV % and the Maturity LTV % are based on the “as-is” Appraisal Value ($) even though, for certain mortgage loans, the appraiser provided “as-stabilized” values based on certain criteria being met.
With respect to Loan No. 3, Innovation Park, the Appraised Value ($), Current LTV % and Maturity LTV % reflect the “Hypothetical As-Is” appraised value of $264,900,000 as of August 22, 2019, which assumes that approximately $2.2 million of outstanding tenant improvement and leasing costs were reserved at loan origination. At loan origination, such amounts were reserved accordingly. Based on the As-Is appraised value of $262,900,000 as of August 22, 2019, the Current LTV % and Maturity LTV % are both equal to 69.3%.
With respect to Loan No.7, Legends at Village West, the Current Date LTV % and Maturity LTV % at Maturity / ARD are calculated based upon the “As-Stabilized” Appraised Value of $225,000,000. This represents the aggregate “as-stabilized” appraised value of the mortgaged property as of September 1, 2021 which assumes the mortgaged property achieves stabilized occupancy. On the origination date of the Legends at Village West mortgage loan, an upfront reserve of $10,000,000 was deposited into the leasing reserve account. The Current LTV % and Maturity LTV%, calculated based on the aggregate “as-is” Appraised Value of $205,000,000, are 58.5% and 53.0% respectively. |
| With respect to Loan No. 11, 900 & 990 Stewart Avenue, the Appraised Value ($), Current LTV % and Maturity LTV % reflect the “Hypothetical Value With PILOT Extended and Assuming Reserve” appraised values of the two individual parcels comprising the mortgaged property as of May 2, 2019, in the aggregate amount of $121,400,000. The Hypothetical Value With PILOT Extended and Assuming Reserve appraised value assumes that (i) the borrower deposited $8.0 million into a reserve for future tenant improvements, leasing commissions and capital expenditures, which were reserved at origination and (ii) the related PILOT programs are extended beyond its current expiration date (as further described in footnote 16 below). At loan closing, such amounts were reserved accordingly. Based on the “As-Is” appraised value of $101,900,000 as of May 2, 2019, the Current LTV % and Maturity LTV % are equal to 82.4% and 82.4%, respectively.
With respect to Loan No. 12, Hilton Cincinnati Netherland Plaza, the Appraised Value ($), Current LTV % and Maturity LTV % reflect the “Hypothetical As-Is” appraised value of $105,500,000, which assumes that approximately $1.5 million of PIP work has been completed. At loan origination, the borrower reserved $1,687,534, representing approximately 110.0% of the estimated cost of the remaining PIP work. Based on the “As-Is” appraised value of $104,000,000 as of August 22, 2019, the Current LTV % and Maturity LTV % are 69.7% and 64.6%, respectively.
With respect to Loan No. 20, 230 Park Avenue South, the Appraised Value ($), Current LTV % and Maturity LTV % reflect the “Hypothetical Market Value As Stabilized Today” appraised value as of July 24, 2019, which assumes that that all outstanding free rent, tenant improvements and leasing commissions have been completed at the mortgaged property. At origination, approximately 34,263,578.42 was reserved for all outstanding free rent and 75% of tenant improvements and leasing commissions. The remaining outstanding tenant improvements and leasing commissions are fully guaranteed by the guarantor. Based on the “As-Is” appraised value of $415,000,000 as of July 24, 2019, the Current LTV % and Maturity LTV % are both 60.2%.
With respect to Loan No. 21, Villas on Nueces, the Appraised Value ($), Current LTV % and Maturity LTV % reflect the “As Complete” value of $56,900,000 as of September 2, 2019, which includes Furniture, Fixtures and Equipment, deemed to have a contributory value of $1,107,000 and is an integral part of the subject student housing operation. The property was fully constructed and delivered in September 2019. Based on the “as-is” appraised value of $55,100,000 as of July 2, 2019, the Current LTV % and Maturity LTV % are both equal to 54.4%. |
| With respect to Loan No. 24, Florham Park Corporate Center, the Current LTV % and Maturity LTV % are calculated based on the “As-Stabilized” Appraised Value ($) of $37,200,000 as of September 1, 2020 which assumes the market participant attitude and perceptions stay the same at the mortgaged property. On the origination date Mortgaged Loan, the borrower sponsors reserved $310,164 for an Unfunded Tenant Obligations Reserve and $164,188 for a Free Rent Reserve. The Current LTV % and Maturity LTV%, calculated based on the “As-Is” Appraised Value of $35,600,000 as of September 6, 2019, are 70.2 and 59.0% respectively.
With respect to Loan No. 29, 600 & 620 National Avenue, the Appraised Value ($), Current LTV % and Maturity LTV % reflect the “Market Value As Stabilized” appraised value of $197,000,000 as of August 19, 2019, which assumes that the sole tenant at the mortgaged property, Google, has taken possession of its space and commenced paying fully unabated rent and all outstanding tenant improvements and leasing commissions have been reserved. At loan origination, such amounts were reserved accordingly. Based on the “as-is” appraised value of $185,000,000 as of August 19, 2019, the Current LTV % and Maturity LTV % are both equal to 74.5%.
With respect to Loan No. 32, The Shoppes at Southside, the Appraised Value ($), Current LTV % and Maturity LTV % reflect the “As-If Escrow Funded Hypothetical Market Value As-Is” appraised value of $23,400,000 as of August 13, 2019, which assumes amounts to complete the Aspen Dental will be funded at closing in an amount of $1,500,000, which is for construction costs, the tenant improvement allowance and leasing commissions. Based on the “as-is” appraised value of $21,900,000 as of August 13, 2019, the Current LTV %and Maturity LTV % are 75.3% and 68.5%, respectively.
With respect to Loan No. 35, The Shops at Merchant’s Square, the Appraised Value reflects the “As-Is Hypothetical” appraised value of $18,100,000 as of August 9, 2019, which assumes the existing tenants are paying contract lease rates with no rent abatements; the vacant space is occupied with a tenant paying market rent; there are no outstanding tenant improvements and/or leasing commissions. The “As-Is” appraised value for the mortgaged property as of August 9, 2019 is $15,125,000, which results in a Current LTV % and Maturity LTV % of 89.1% and 73.2%, respectively.
With respect to Loan No. 39, Daniel - The Dinex Group, the Appraised Value ($), Current LTV % and Maturity LTV % reflect the “Market Value Subject to the Hypothetical Condition As-Leased” appraised value of $19,800,000 as of August 28, 2019, which assumes that (i) the mortgaged property is leased to a related party, 65th Street |
| Restaurant, LLC (guaranteed by the Dinex Group LLC) for 20 years on a net basis, with the net lease including annual increases of 3.00%, and (ii) the lease will begin as of the date of value with no deductions for lease-up costs. The terms of the executed lease with the sole tenant are generally consistent with the foregoing hypothetical conditions. Based on the “as-is” appraised value of $22,200,000 as of August 28, 2019, the Current LTV % and Maturity LTV % are both equal to 55.0%.
With respect to Loan No. 41, Pioneer Plaza, the Current LTV % and Maturity LTV % are calculated based upon the “As-Complete” Appraised Value of $15,500,000. This value was arrived at by noting the $15,000,000 sale was inclusive of a $480,000 credit to fix the roof, which has been escrowed upfront. The Current LTV % and Maturity LTV %, calculated based on the aggregate “As-Is” Appraised Value of $15,000,000, as of June 28, 2019, are 77.3% and 61.1%, respectively. |
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| With respect to Loan No. 50, 1713 Parkway, the Appraised Value ($), Current LTV % and Maturity LTV % reflect the “Hypothetical Market Value As If – Escrow Funded” appraised value of $5,800,000 as of August 22, 2019, which assumes that the rent abatements, tenant improvements and leasing commissions are funded for the 2nd Largest Tenant, Pizza Hut. At loan origination, such amounts were reserved accordingly. Based on the “As-Is” appraised value of $5,700,000 as of August 22, 2019, the Current LTV % and Maturity LTV % are equal to 65.8% and 59.7%, respectively. |
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(6) | For mortgage loans secured by multiple mortgaged properties, each mortgage loan’s Original Balance ($), Current Balance ($), and Maturity/ARD Balance ($) are allocated to the respective mortgaged property based on the mortgage loan’s documentation, or if no such allocation is provided in the mortgage loan documentation, the mortgage loan seller’s determination of the appropriate allocation. |
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(7) | With respect to Loan Nos. 2, 3, 4, 5, 6, 7, 9, 10, 11, 12, 19, 20, 23, 28, 29, and 30, 225 Bush, Innovation Park, The Essex, 180 Water, Harvey Building Products, Legends at Village West, Osborn Triangle, Tysons Tower, 900 & 990 Stewart Avenue, Hilton Cincinnati Netherland Plaza, Grand Canal Shoppes, 230 Park Avenue South, 8 West Centre, Sunset North, 600 & 620 National Avenue, and City Hyde Park, in each case, the mortgage loan is part of a larger split whole loan, which consists of the mortgage loan and one or more pari passu and/or subordinate components. Please see “Description of the Mortgage Pool—The Whole Loans” for additional information.
With respect to Loan Nos. 17 and 18, Jersey City Group 1 and Jersey City Group 3, in each case, the mortgage loan documents do not permit partial release of the individual mortgaged properties. |
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(8) | Each number identifies a group of related borrowers.
With respect to Loan Nos. 1, 13, 14, 24, and 32, Watergate Office Building, Oro Valley Marketplace, Spectrum Brands Global Headquarters, Florham Park Corporate Center and The Shoppes at Southside, in each case, the borrowers own the mortgaged property as tenants-in-common. |
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(9) | For each mortgage loan, the Net Mortgage Rate % is equal to the excess of the related Interest Rate % over the related Servicing Fee Rate, the Trustee Fee Rate (including the Certificate Administrator Fee Rate), the Operating Advisor Fee Rate, the Asset Representations Reviewer Fee Rate and the CREFC® Intellectual Property Royalty License Fee Rate (collectively, the “Admin Fee %”). |
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(10) | For the mortgage loans that are interest-only for the entire term and accrue interest on an Actual/360 basis, the Monthly Debt Service ($) was calculated as 1/12th of the product of (i) the Original Balance ($), (ii) the Interest Rate % and (iii) 365/360. |
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(11) | With respect to all mortgage loans, Annual Debt Service ($) is calculated by multiplying the Monthly Debt Service ($) by 12. |
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(12) | In some instances in which the loan documents provide grace periods with respect to payments, such grace periods may be permitted a limited number of times per any 12-month periods.
With respect to Loan Nos. 3, 21, 32, and 39, Innovation Park, Villas on Nueces, The Shoppes at Southside, and Daniel - The Dinex Group, the late payment of 5% excludes the balloon payment of principal due on the Maturity Date. |
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(13) | The “L” component of the prepayment provision represents lockout payments. The “Def” component of the prepayment provision represents defeasance payments. |
| The “YM” component of the prepayment provision represents yield maintenance payments. The “O” Component of the prepayment provision represents the free payments including the Maturity Date.
In the case of certain mortgage loans, the loan documents permit the related borrower to prepay a portion of the mortgage loan in connection with partial releases of collateral, to cure a cash management period triggered by certain events or circumstances or to meet certain financial metrics contained in the related loan documents.
With respect to Loan No. 2, 225 Bush, the lockout period will be at least 24 payment dates beginning with and including the first payment date of December 6, 2019. Defeasance of the 225 Bush whole loan in full is permitted after the date that is the earlier to occur of (i) October 18, 2022 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 Benchmark 2019-B14 securitization closing date in November 2019. The actual lockout period may be longer.
With respect to Loan No. 5, 180 Water, the lockout period will be at least 24 payment dates beginning with and including the first payment date of December 6, 2019. Defeasance of the 180 Water whole loan in full is permitted after the date that is the earlier to occur of (i) December 6, 2022 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 Benchmark 2019-B14 securitization closing date in November 2019. The actual lockout period may be longer
With respect to Loan No 6. Harvey Building Products, the lockout period will be at least 24 payment dates beginning with and including the first payment date of December 6, 2019. Defeasance of the full $160.0 million Harvey Building Products Whole Loan is permitted after the date that is earlier to occur of (i) October 22, 2022 and (ii) two years after the date of the securitization of the last portion of the Harvey Buildings Products Whole Loan. The assumed lockout period of 24 payments is based on the expected Benchmark 2019-B14 securitization closing date in November 2019. The actual lockout period may be longer.
With respect to Loan No. 7, Legends at Village West, the lockout period will be at least 24 payment dates beginning with and including the first payment date of December 6, 2019. Defeasance of the full $120.0 million Legends at Village West Whole Loan is permitted after the date that is earlier to occur of (i) October 22, 2022 and (ii) two years after the date of the securitization of the last portion of the Legends at Village West Loan. The assumed lockout period of 24 payments is based on the expected Benchmark 2019-B14 securitization closing date in November 2019. The actual lockout period may be longer.
With respect to Loan No. 10, Tysons Tower, the lockout period will be at least 25 payment dates beginning with and including the first Payment Due Date of November 11, 2019. The borrower is permitted to prepay the full $190.0 million Tysons Tower Whole Loan with the payment of yield maintenance premium after the date that is the earlier to occur of (i) November 11, 2022 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 25 payments is based on the expected Benchmark 2019-B14 securitization closing date in November 2019. The actual lockout period may be longer. |
| With respect to Loan No. 19, Grand Canal Shoppes, the lockout period will be at least 28 payment dates beginning with and including the first payment date of August 1, 2019. Defeasance of the full $975.0 million Grand Canal Shoppes Whole Loan is permitted after the date that is the earlier to occur of (i) June 3, 2022 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 28 payments is based on the expected Benchmark 2019-B14 securitization closing date in November 2019. The actual lockout period may be longer.
With respect to Loan No. 20, 230 Park Avenue South, the lockout period will be at least 26 payment dates beginning with and including the first payment date of October 11, 2019. Defeasance or prepayment is permitted at any time after the earlier to occur of (a) the end of the two-year period commencing on the closing date of the securitization of the last promissory note representing a portion of the 230 Park Avenue South Whole Loan to be securitized and (b) September 11, 2022 (“Defeasance Lockout Date”). The assumed lockout period of 26 payments is based on the expected Benchmark 2019-B14 securitization closing date in November 2019. The actual lockout period may be longer.
With respect to Loan No. 23, 8 West Centre, the lockout period will be at least 24 payment dates beginning with and including the first Payment Due Date of December 1, 2019. The borrower is permitted to (i) prepay the 8 West Centre Whole Loan with the payment of yield maintenance premium on December 1, 2023, or (ii) defease the 8 |
| West Centre Whole Loan on the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized, whichever occurs earlier. The assumed lockout period of 24 payments is based on the expected Benchmark 2019-B14 securitization closing date in November 2019. The actual lockout period may be longer.
With respect to Loan No. 28, Sunset North, the lockout period will be at least 25 payment dates beginning with and including the first payment date of November 1, 2019. Defeasance of the full $150.0 million Sunset North Whole Loan is permitted after the date that is the earlier to occur of (i) November 1, 2023 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 25 payments is based on the expected Benchmark 2019-B14 securitization closing date in November 2019. The actual lockout period may be longer.
With respect to Loan No. 29, 600 & 620 National Avenue, the lockout period will be at least 26 payment dates beginning with and including the first payment date of October 11, 2019. Defeasance of the full $137.9 million 600 & 620 National Avenue Whole Loan is permitted after the date that is the earlier of (i) two years after the closing date of the securitization that includes the last note to be securitized and (ii) October 11, 2022. For the purposes of this prospectus, the assumed lockout period of 26 months is based on the expected Benchmark 2019-B14 securitization closing date in November 2019. The actual lockout period may be longer.
With respect to Loan No. 30, City Hyde Park, the lockout period will be at least 25 payment dates beginning with and including the first payment date of November 1, 2019. Defeasance of the full $112.0 million City Hyde Park Whole Loan is permitted after the date that is the earlier to occur of (i) November 1, 2023 and (ii) two years from the closing date of the securitization that includes the last pari passu note to be securitized. The assumed lockout period of 25 payments is based on the expected Benchmark 2019-B14 securitization closing date in November 2019. The actual lockout period may be longer. |
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(14) | With respect to some mortgage loans, historical financial information may not be available due to the when the properties were constructed, renovated and/or acquired.
With respect to Loan No. 4, 21, and 30, The Essex, Villas on Nueces, and City Hyde Park, in each case, the related property is newly constructed and some historical financials may not be available.
With respect to Loan No. 5, 180 Water, the mortgaged property was recently renovated in 2017, therefore limited historical information is available. With respect to Loan No. 6, Harvey Building Products, the borrower was not provided with any historical information prior to the purchase date of the mortgaged property due to the nature of the triple net lease.
With respect to Loan No. 8, 80 on the Commons, the mortgaged property was recently built in 2018, therefore limited historical information is available.
With respect to Loan Nos. 9, 11, 14, and 42, Osborn Triangle, 900 & 990 Stewart Avenue, Spectrum Brands Global Headquarters, and Bella Vista Phase II, in each case, the related property is newly acquired and some historical financials may not be available.
With respect to Loan No. 16, 221 West 29th St, the mortgaged property was recently built in 2017, therefore limited historical information is available.
With respect to Loan No. 17 and 18, Jersey City Group 1 and Jersey City Group 3, in each case, the mortgage loan is not showing property level financials as the mortgaged properties are crossed.
With respect to Loan Nos. 20 and 29, 230 Park Avenue South and 600 & 620 National Avenue, in each case, the related property is undergoing a tenant build-out and some historical financials may not be available.
With respect to Loan No. 26, 530 Midwood, the mortgaged property was recently built in 2016 with the second phase being built in 2018. therefore limited historical information is available.
With respect to Loan No. 33. Caughlin Ranch, December 31, 2018 financial information is based on the trailing 9 months annualized.
With respect to Loan No. 35, The Shops at Merchant's Square, the mortgaged property was recently built in 2019, therefore limited historical information is available. |
| With respect to Loan No. 36, 333 Cypress, the mortgaged property was constructed in 2017 and then leased up, therefore historical financial information is not available. The August 31, 2019 financial information is based on the trailing 10 months annualized.
With respect to Loan No. 37, Arrow Business Park, the mortgaged property was an acquisition, therefore limited historical information is available. |
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| With respect to Loan No. 39, Daniel - The Dinex Group, the property is occupied by a single tenant related to the borrower pursuant to a NNN lease.
With respect to Loan No. 43, Nobu DC, the mortgaged property was constructed in 2017, therefore historical financial information is not available.
With respect to Loan No. 45, 652 Kent Avenue, the mortgage property is leased to a single tenant, and the related borrower did not provide the related mortgage loan seller with historical financial information.
With respect to Loan No. 48, Studio Movie Grill Chicago, the borrower was not provided with any historical information prior to the purchase date of the mortgaged property due to the nature of the triple net lease.
With respect to Loan No. 49, 532 East 142nd Street, the mortgaged property was constructed in 2018, therefore historical financial information is not available.
With respect to Loan No. 50, 1713 Parkway, the related property was constructed in 2017 and some historical financials may not be available.
With respect to Loan No. 52, WAG Monck’s Corner, SC, the borrower was not provided with any historical information prior to the purchase date of the mortgaged property due to the nature of the triple net lease. |
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(15) | In the case of certain mortgage loans, the UW NOI ($) exceeds Most Recent NOI ($) by 10%.
With respect to Loan No. 1, Watergate Office Building, the UW NOI is over 10% higher than 2018 NOI. The increase from TTM NOI to UW NOI is primarily due to recent leasing at the Watergate Office Building Property (as defined below) and rent steps ($218,785 of contractual rent steps through August 2020 and $238,217, which represents present value of rent steps for GWU (defined below). Eight new leases were executed since January 2019 accounting for $393,511 of base rent.
Loan No. 2, 225 Bush, the UW NOI ($) is more than 10% higher than the Most Recent NOI ($) primarily because of new leases being signed at market rent.
Loan No. 5, 180 Water, the UW NOI ($) is more than 10% higher than the Most Recent NOI ($) primarily because the Most Recent NOI ($) is based on recent lease-up of the commercial units and burn-off of concessions.
With respect to Loan No. 8, 80 on the Commons, the UW NOI ($) is more than 10% higher than the Most Recent NOI ($) primarily because the property is newly built in 2018 and the property is currently in the process of stabilizing.
With respect to Loan No. 9, Osborn Triangle, the increase by 10% or more from Most Recent NOI ($) to UW NOI ($) is primarily attributable to investment grade rent steps and market rent adjustments at the mortgaged property.
With respect to Loan No. 11, 900 & 990 Stewart Avenue, the increase by 10% or more from Most Recent NOI ($) to UW NOI ($) is primarily attributable to recent leasing and investment grade straightlined rents at the mortgaged property.
With respect to Loan No. 22, Glendale Portfolio, the UW NOI ($) is more than 10% higher than the 2018 NOI ($) primarily because the properties were purchased by the loan sponsor in 2018, subsequently underwent an extensive value-add renovation and have been stabilizing since the TTM period.
With respect to Loan No. 24, Florham Park Corporate Center, the UW NOI is over 10% higher than 2018 NOI. The increase from 2018 NOI to UW NOI is primarily attributable to several new leases being signed at the end of 2018 accounting as well as contractual rent steps. |
| With respect to Loan No. 27, The Rockland, the increase by 10% or more from Most Recent NOI ($) to UW NOI ($) is primarily attributable to recent capital expenditures expected to increase base rent and occupancy.
With respect to Loan No. 28, Sunset North, the increase by 10% or more from Most Recent NOI ($) to UW NOI ($) is primarily attributable to recent leasing at the mortgaged property.
With respect to Loan No. 30, City Hyde Park, the increase by 10% or more from Most Recent NOI ($) to UW NOI ($) is primarily attributable to recent leasing and contractual rent steps at the mortgaged property. |
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| With respect to Loan No. 44, Bay Pointe Apartments, the increase by 10% or more from Most Recent NOI ($) to UW NOI ($) is primarily attributable to increase in rents and reduction in expenses. |
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(16) | With respect to all hotel properties the UW NOI ($) is shown after taking a deduction for an FF&E reserve, and as such, the UW NOI ($) and UW NCF ($) for these properties are the same.
With respect to Loan No. 4, The Essex, the mortgaged property has received a tax exemption pursuant to Section 421-a of the New York Real Property Tax Law by which the mortgaged property is currently exempt from the payment of approximately 93.45% of the real estate taxes with respect to the residential units and 84.42% of real property taxes with respect to the theater unit, resulting in a total estimated real estate tax abatement of approximately $28 million. The exemption expires in 2054. The mortgage loan was underwritten based on the abated taxes. Please see “Description of the Mortgage Pool—Real Estate and Other Tax Considerations” for additional information.
With respect to Loan No. 8, 80 on the Commons, the mortgaged property benefits from a 15 year tax abatement which commenced in the 2018 (payable 2019) tax year and includes an abatement on 100% of the value of the site improvements, but does not abate taxes on the land value. Real estate taxes were underwritten based on the abated taxes.
With respect to Loan No. 11, 900 & 990 Stewart Avenue, to obtain the payment-in-lieu of taxes benefits, the borrower leases each of the 900 Stewart Avenue portion and the 990 Stewart Avenue portion comprising the mortgaged property to the Town of Hempstead Industrial Development Agency (the “Hempstead IDA”), and the Hempstead IDA subleases each such portion back to the borrower (collectively and individually, the “Hempstead IDA Leaseback”), with the 900 Stewart Avenue leases and the 990 Stewart Avenue leases scheduled to expire on December 31, 2030 and December 31, 2031, respectively. Under each Hempstead IDA Leaseback document, as long as the Hempstead IDA Leaseback is in effect, the borrower is required to make payments-in-lieu of taxes (“PILOT Payments”) in accordance with the payment schedule set forth in the applicable Hempstead IDA Leaseback document. Please see “Description of the Mortgage Pool—Real Estate and Other Tax Considerations” for additional information.
With respect to Loan No.16, 221 West 29th St, the mortgaged property benefits from a 35-year 421-a partial tax exemption under the Affordable New York program. Under such program, the related mortgaged property receives a tax exemption on the increase in assessed value above the taxable assessed value (land and building) in the tax year prior to the commencement of construction for a 35-year period, which commenced in the 2017/2018 tax year. Real estate taxes were underwritten based on the abated taxes. In connection with such tax exemption, the mortgaged property is required to remain rent stabilized during such 35 year period. In addition, the mortgaged property is a ‘75/25” project pursuant to which 25% of the units are required to be affordable units leased to low- or moderate-income tenants with household income of up to 40% (10 units), 60% (10 units), or 130% (5 units) of the Department of Housing and Urban Development (“HUD”) area median income, and rent increases are required to be at the lower of rent stabilization or HUD guideline increases. The affordable housing units are required to remain affordable in perpetuity.
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| With respect to Loan No. 26, 530 Midwood, the mortgaged property is currently in year 1 of a 25-year 421-a tax abatement, which is scheduled to phase out completely in 2044. The mortgaged property receives a 100% exemption for the first 21 years with respect to any increase in assessments above the base year assessment.
With respect to Loan No. 30, City Hyde Park, the mortgaged property is subject to a tax increment financing (“TIF”) grant approved by the City of Chicago Community Development Commission (the “Commission”). The TIF allows the owner of the mortgaged property to receive reimbursement of all TIF eligible costs, which include land acquisition costs, on- and off-site infrastructure costs and other qualified improvements of 100% of the annual real property tax revenues, resulting in income from the Commission to the borrower. The TIF program runs through 2036, with income from the program ceasing in 2033. In connection with the TIF, the City of Chicago executed two |
| promissory notes in favor of the borrower, which has in turn assigned its rights in the notes and the other documents securing or evidencing the notes to the lender. Pursuant to the TIF arrangement, 20% of the multifamily units are required to be rented as affordable housing units, which restrictions will expire upon the earlier of (i) the 30th anniversary of the date on which the last eligible unit is first leased to a low income household, which date was December 1, 2016, and (ii) foreclosure by a first construction or permanent lender. Please see “Description of the Mortgage Pool—Real Estate and Other Tax Considerations” for additional information.
With respect to Loan No. 34, SE Michigan Multi-Family Portfolio, all of the related mortgaged properties accept Section 8 – Housing Choice Vouchers, which account for 27.6% of the related mortgaged properties’ total revenue. In addition, there is a Housing Assistance Payments Contract (“HAP Contract”) in place between the Michigan State Housing Development Authority (the “MSHDA”), as the local contractor for the Department of Housing and Urban Development (“HUD”), with respect to 40 of the 101 units at the Boulder Creek mortgaged property. The current term of the HAP contract expires on or about June 1, 2021. The rental subsidy under the HAP contract is an amount equal to the difference between the HUD approved rent (which is currently $623 for the one bedroom units and $737 for the two bedroom units) and the HUD required rental contribution from eligible tenant families. HUD and the MSHDA consented to the assignment of the HAP Contract to the lender; however, the lender and its assignees may not become successor parties to the HAP Contract without approval of the MSHDA.
With respect to Loan No. 36, 333 Cypress, the mortgaged Property is currently in year 2 of a 35-year 421-a tax abatement, which is scheduled to phase out completely in 2053. The mortgaged property receives a 100% exemption of taxes on improvements for the first 25 years and an exemption of approximately 30% for the final 10 years.
With respect to Loan No. 49, 532 East 142nd Street, mortgaged Property is currently in year 2 of a 35-year 421-a tax abatement, which is scheduled to phase out completely in 2053. The mortgaged property receives a 100% exemption of taxes on improvements for the first 25 years and an exemption of approximately 30% for the final 10 years. |
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(17) | The UW NOI DSCR and UW NCF DSCR for all partial interest-only mortgage loans were calculated based on the first principal and interest payment after the Note Date during the term of the mortgage loan.
With respect to Loan No. 36, 333 Cypress, the UW NOI DY and UW NCF DY was calculated net of the $172,716 421-a holdback reserve, which is equal to one years’ rent for the seven vacant affordable units. The reserve will be released upon the units being leased.
With respect to Loan. 49, 532 East 142nd, the UW NOI DY and UW NCF DY were calculated net of the $46,176 421-a reserve, which is equal to one years’ rent for the two vacant affordable units and the $400,000 economic holdback for the one unleased market rate unit. The 421-a reserve will be released upon the two affordable units being leased and the economic holdback will be released upon the one market rate unit being leased and the debt yield being equal to or greater than 7.2%. |
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(18) | In the case of certain mortgage loans, all or a portion of the Title Type consists of a leasehold interest.
With respect to Loan No. 4, The Essex, one of the related borrowers has a beneficial interest, rather than a fee simple interest, in two of the condominium units that constitute part of the collateral for the mortgage loan. Please see “Description of the Mortgage Pool—Fee and Leasehold Estates; Ground Leases” for additional information.
With respect to Loan No. 9, Osborn Triangle, the mortgaged properties are subject to a condominium regime, with each individual mortgaged property being owned by an affiliate of the Massachusetts Institute of Technology. The fee owner of the units master leases each unit to the individual borrower, and the mortgaged property is secured by such leasehold interests. Pursuant to each master lease, the fee owner of the units has delegated the rights to exercise its rights and privileges in its capacity as the fee owner of the units under the condominium declaration to each borrower, and the individual borrowers control 100% of the condominium interests. Please see “Description of the Mortgage Pool—Mortgage Pool Characteristics—Condominium and Other Shared Interests” for additional information.
With respect to Loan No. 12, Hilton Cincinnati Netherland Plaza, the mortgaged property is one of three condominium units that collectively constitute a condominium regime. The borrower does not control the condominium board of directors. However, the borrower sponsor is one of three members of the board of directors, and the other two directors are appointed by the remaining unit owners, each an affiliate of the borrower. Please |
| see “Description of the Mortgage Pool—Mortgage Pool Characteristics—Condominium and Other Shared Interests” for additional information.
With respect to Loan No. 39, Daniel - The Dinex Group, the mortgage loan is secured by an interest in a condominium unit, which is part of a fractured mixed-use regime. The borrower does not control the related condominium board. However, the mortgage loan documents provide for a non-recourse carveout for losses associated with any amendment or modification or termination of the related condominium documents without the lender’s consent. Please see “Description of the Mortgage Pool—Mortgage Pool Characteristics—Condominium and Other Shared Interests” for additional information. |
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| With respect to Loan No.41, Pioneer Plaza, the mortgaged property is subject to a master lease in connection with a reverse 1031 exchange. There are two co-borrowers, and at origination of the mortgage loan, one of the coborrowers, Pioneer Plaza Springfield, LLC, as fee owner of the mortgaged property, which co-borrower is currently owned by 1031 EP1, Inc., a 1031 exchange accommodation owner, entered into a master lease with the other coborrower, Pioneer Plaza Springfield #2, LLC, as master tenant and as lessee. The mortgage loan documents for Pioneer Plaza mortgage loan provide that the master lease will be terminated simultaneously with the occurrence of the reverse 1031 exchange, at which time the fee owner will be owned by an entity controlled by the non-recourse carveout guarantor. The master tenant is required to pay rent under the related master lease in an aggregate amount equal to all operating expenses for the related mortgaged property, including all debt service required under the related mortgage loan documents. |
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(19) | With respect to each hotel property, shows the expiration date of the related license agreement, franchise agreement, operating agreement or management agreement. See “Description of the Mortgage Pool—Property Types—Hotel Properties” in the preliminary prospectus for information related to mortgage loans secured by hotel properties. |
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(20) | Represents the amount deposited by the borrower at origination. All or a portion of this amount may have been released pursuant to the terms of the related loan documents.
With respect to Loan No. 5, 180 Water, the Upfront Other reserve includes (i) 1,200,000 deposited into a reserve for operating shortfalls at origination, (ii) approximately $891,146 into a prepaid rent reserve, (iii) $1,808,900 into a conversion reserve and (iv) $200,000 into a shortfall reserve which the borrower is required to transfer to the respective reserve on November 6, 2019. In addition, until the aggregate debt service coverage ratio (including the mortgage and mezzanine loans) reaches 1.15x or 2.21x on the whole loan, if the lender determines that the balance of the operating shortfall reserve is less than the shortfalls expected to occur over the immediately succeeding three-month period, then the lender may notify the borrower, and the borrower will be required to deposit additional funds into the operating shortfall reserve such that the balance will cover all expected shortfalls to occur over the immediately succeeding six-month period. The borrower’s obligation to make deposits into the shortfall reserve is guaranteed by the borrower sponsor under the shortfall guaranty, until the 180 Water aggregate debt service coverage ratio (inclusive of the mezzanine debt) is equal to or greater than 1.15x as of the end of any calendar quarter, at which time, any remaining balance in the shortfall reserve will be returned to the borrower.
With respect to Loan No. 6, Harvey Building Products, the tenant is required to deliver a letter of credit to the borrower in the amount of $2,500,000 to secure the repayment of the work associated with certain repairs. In the event that the borrower is entitled to draw on any letter of credit posted by Harvey Building Products, the borrower must, upon the occurrence of an event of default under the Harvey Building Products Whole Loan documents, deliver the portion of the proceeds of such letter of credit that has not been applied as set forth in the Harvey Lease, to the lender, to be held by the lender and applied as set forth in the Harvey Building Products Lease.
With respect to mortgage loan No. 20, 230 Park Avenue South, in addition to approximately $34,263,578 in cash collected at the mortgage loan closing, the borrower sponsor is required to pay the remaining tenant improvement and leasing commission obligations (“Remaining TILC Obligations”) from capital contributions from the constituent owners of the mortgage loan. The Remaining TILC Obligations are fully guaranteed by the guarantor. Please see “Description of the Mortgage Pool—Redevelopment, Renovation and Expansion” for additional information.
With respect to Loan No. 49, 532 East 142nd Street, the borrower was required to reserve a $400,000 holdback reserve. The reserve may be disbursed to the borrower during the first 24 months if, among other conditions, after giving effect to the requested disbursement the debt yield is not less than 7.20%. |
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(21) | Represents the monthly amounts required to be deposited by the borrower. The monthly collected amounts may be increased or decreased pursuant to the terms of the related loan documents. In certain cases, reserves with $0 |
| balances are springing and are collected in the event of certain conditions being triggered in the respective mortgage loan documents. In certain other cases, all excess cash flow will be swept into reserve accounts in the event of certain conditions being trigger in the respective mortgage loan documents.
With respect to Loan No. 3, Innovation Park, the borrower is required to make monthly deposits into the Monthly TI/LC Reserve ($) the amount of (a) through November 1, 2022, $115,921, and (b) thereafter, $193,201; provided, however, the requirement to make the monthly deposits into the Monthly TI/LC Reserve ($) is waived on each Payment Due Date prior to October 1, 2022 if the amount on deposit is equal to or greater than $1,400,000. The aggregate amount of the applicable amount of funds on deposit may not exceed a cap of $5,000,000 on any payment date. With respect to Loan No. 12, Hilton Cincinnati Netherland Plaza, the borrower is required to make monthly deposits into the Monthly Capex Reserve ($), beginning on May 1, 2020, an amount equal to the greater of (i) 4% of the gross income from the operation of the Mortgage Property for the preceding month and (ii) the amount of the deposit, if any, then required by the franchisor on account of FF&E under the franchise agreement.
With respect to Loan No. 14, Spectrum Brands Global Headquarters, the borrowers are required to make monthly deposits into the Monthly TI/LC Reserve ($) the amount of (i) $5,235 or (ii) during the continuance of a period where the credit rating of the parent company of the Largest Tenant, Spectrum, is either (a) withdrawn by either Moody’s or S&P or (b) downgraded below “B3” by Moody’s or “B+“ by S&P, $21,010.
With respect to Loan No. 21, Villas on Nueces, on each date that the borrower delivers an updated prepaid rent reserve schedule required under the mortgage loan documents, the borrower is required to reserve an amount into the Monthly Other Reserve ($) such that the amount on deposit is at least equal to the aggregate amount of the rents paid to the borrower more than one month in advance in excess of 5% of annual rent due and payable under leases.
With respect to Loan No. 22, Glendale Portfolio, if the Windsor Villas mortgaged property is released the Monthly Capex Reserve ($) will drop to $1,120 and there will be no Capex Reserve Cap ($).
With respect to Loan No. 23, 8 West Centre, on each Payment Due Date that the amount on deposit in the Monthly TI/LC Reserve ($) is less than the then applicable reserve cap, the borrower is required to commence making monthly deposits into the Monthly TI/LC Reserve ($) an amount of (i) $23,651 or, (ii) during the period (“Cameron Rollover Increase Trigger Period”) commencing on the date that the lease of the 2nd Largest Tenant, Cameron International Corp. (“Cameron”), expires and continuing until (A) either Cameron renews its lease or 75% of Cameron’s premises are leased to an acceptable replacement tenant that is in physical occupancy, open for business and paying full contractual rent, and (B) the debt service coverage ratio of the mortgage loan is 1.60x or greater, $37,841. |
| With respect to Loan No. 32, The Shoppes at Southside, the borrowers are required to make monthly deposits of $9,384 into the Monthly TI/LC Reserve ($) beginning on the first to occur of (i) January 1, 2024 and (ii) the Payment Due Date first occurring after the amount on deposit in the Monthly TI/LC Reserve ($) is less than $300,000.00, and on each Payment Due Date thereafter.
With respect to Loan No. 35, Shops at Merchant’s Square, Monthly TI/LC Reserves ($) shall be waived through December 31, 2020; thereafter, a Monthly TI/LC Reserve ($) of approximately $25,000 per year ($0.59 per square foot) with a cap of $60,000 ($1.40 per square foot) will be collected through December 31, 2024. Beginning on January 1, 2025, the Monthly TI/LC Reserve ($) will increase to $35,000 per year ($0.82 per square foot) with a cap of $100,000 ($2.34 per square foot). |
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(22) | Represents a cap on the amount required to be deposited by the borrower pursuant to the related mortgage loan documents. In certain cases, during the term of the mortgage loan, the caps may be altered or terminated subject to conditions of the respective mortgage loan documents.
With respect to Loan No. 1, Watergate Office Building, The TI/LC reserve is subject to a Cap ($) of 2,364,000, however the TL/LC reserve cap will be reduced by the amount of any portion of the TI/LC upfront reserve that has been disbursed to the borrowers, but may not be reduced to an amount less than $1,614,000.
With respect to Loan No. 12, Hilton Cincinnati Netherland Plaza, on each Payment Due Date, the borrower is required to deposit all excess cash flow into the Monthly Other Reserve ($), subject to a monthly cap of $250,000, to create a seasonality reserve (the “Monthly Seasonality Deposit”). However, the foregoing requirement will be |
| waived if (a) as of the applicable Payment Due Date, amounts then on deposit in the seasonality reserve account are greater than $1,000,000 and (b) the amount then on deposit in the seasonality reserve account is more than $750,000 but less than $1,000,000, then the amount to be deposited by Borrower for such Monthly Seasonality Deposit will be the difference between $1,000,000 and the amount then on deposit in the seasonality reserve account.
With respect to Loan No. 14, Spectrum Brands Global Headquarters, the TI/LC Reserve Cap ($) is (i) $250,000 or (ii) during the continuance of a period where the credit rating of the parent company of the Largest Tenant, Spectrum, is either (a) withdrawn by either Moody’s or S&P or (b) downgraded below “B3” by Moody’s or “B+“ by S&P, $1,000,000. With respect to Loan No. 23, 8 West Centre, the Reserve Cap ($) is (a) $1,362,270 if a Cameron Rollover Increase Trigger Period exists, and (b) $851,419 if a Cameron Rollover Increase Trigger Period does not exist. |
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(23) | With respect to the footnotes hereto, no footnotes have been provided with respect to tenants that are not among the five largest tenants by square footage for any mortgaged property. In some instances, a tenant may have the right to assign its lease or sublease the leased premises and be released from its obligations under the subject lease.
With respect to Loan No. 9, Osborn Triangle, the Largest Tenant at each of the 610 Main Street North and 1 Portland Street mortgaged properties, Pfizer, which represents 73.8% of the total net rentable area at the Osborn Triangle mortgaged properties, subleases a total of 163,644 square feet at the 610 Main Street North mortgaged property, representing 24.2% of the total net rentable area at the Osborn Triangle mortgaged properties, as follows: (i) CRISPR Therapeutics (9.7% of total net rentable area), expiring on January 31, 2027, (ii) Lab Central (4.9% of total net rentable area), expiring on December 14, 2027, (iii) Casebia Therapeutics (4.8% of total net rentable area), expiring on March 31, 2024, and (iv) KSQ Therapeutics (4.8% of total net rentable area), expiring on February 28, 2022. In addition, CRISPR Therapeutics subleases 5,184 square feet of its subleased space to Bayer’s Life Hub Boston, whose sub-sublease expires on March 31, 2024.
With respect to Loan No. 14, Spectrum Brands Global Headquarters, pursuant to a sublease (the “Sublease”) between the sole tenant at the mortgaged property, Spectrum, and Energizer Brands, LLC, an affiliate of Spectrum, Spectrum has subleased 67,663 square feet (out of a total of 252,122 square feet) to Energizer Brands, LLC. The Sublease requires the same rent as the rent under the prime lease and is co-terminous with the prime lease.
With respect to Loan No. 23, 8 West Centre, the Largest Tenant, Helix Energy Solution, subleases approximately 30,104 square feet, out of the total 118,630 square feet, to the 2nd Largest Tenant, Cameron Industrial. The current annual base rent under the sublease is $571,977 and the sublease expires on November 30, 2023. |
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(24) | In certain cases, the data for tenants occupying multiple spaces includes square footage only from the primary spaces sharing the same expiration date, and may not include smaller spaces with different expiration dates.
With respect to Loan No. 8, 80 on the Commons, the Largest Tenant, Root Insurance, leases 98,751 square feet of space that expires on November 30, 2024 and 10,311 square feet of space that expires on May 31, 2026. |
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(25) | The lease expirations shown are based on full lease terms; however, in some instances, the tenant may have the option to terminate its lease with respect to all or a portion of its leased space prior to the expiration date shown. Certain tenants may have the right to reduce or abate rent or terminate all or a portion of their leased spaces for a breach or violation of co-tenancy provisions in the related leases.
With respect to Loan No. 1, the Watergate Office Building, the 3rd Largest Tenant, Sage Publications, has the one-time right to terminate its lease effective November 30, 2020 with at least 12 months’ written notice and payment of a termination fee equal to the unamortized portion of leasing costs plus four monthly installments of base rent in effect on the termination date.
With respect to Loan No. 3, Innovation Park, (a) the Largest Tenant, AXA Equitable, has the right to terminate its lease with respect to 144,647 square feet (out of total 291,528 square feet) on December 31, 2024, with 12 months’ prior written notice and the payment of a termination fee equal to the unamortized amounts of brokerage commissions, rent abatements and landlord work costs related to such space; (b) the 2nd Largest Tenant, Allstate Insurance Company, has the right to terminate its lease on November 30, 2022, with nine months’ prior written notice and the payment of a termination fee equal to the unamortized amounts of brokerage commissions, rent abatements and landlord work costs related to such space; (c) the 3rd Largest Tenant, Classic Graphics, has the |
| right to terminate its lease with respect to 58,969 square feet (out of total 238,744 square feet) on December 31, 2020, with nine months' prior written notice and the payment of a termination fee equal to the unamortized amounts of brokerage commissions, landlord work costs related to tenant spaces and the cost of dividing the existing space from any additional space leased to Classic Graphics; and (d) the 4th Largest Tenant, Alight Solutions LLC, has the right to terminate its lease on November 20, 2022 with 12 months’ prior notice and the payment of a termination fee equal to three months base rent and unamortized brokerage commissions, rent abatements and landlord work costs related to such space.
With respect to Loan No. 8, 80 on the Commons, the 2nd Largest Tenant, Coastal Ridge, has a one-time right to terminate its lease on the 84th month of its lease (February 1, 2027) with 12 months’ notice and a termination fee of approximately $352,516. With respect to Loan No. 10, Tysons Tower, (i) the 4th Largest Tenant, Morgan Franklin, has a one-time right to terminate its lease effective February 28, 2024, with 12 months’ prior notice, subject to a termination fee equal to the then-unamortized amount of tenant improvements and leasing commissions, as of the effective date of termination, (ii) the 5th Largest Tenant, Reed Smith LLP, has a one-time right to terminate its lease effective August 1, 2027, with 15 months’ prior notice, subject to a termination fee equal to (A) three months of base rent plus (B) the then-unamortized amount of tenant improvements and leasing commissions, as of the effective date of termination.
With respect to Loan No. 11, 900 & 990 Stewart Avenue, (a) the Largest Tenant, AON, has the right to terminate its lease in September 2025 with no less than 12 months’ prior written notice and the payment of a $3,283,065 termination fee, and (b) the 2nd Largest tenant by net rentable area, Wright Risk Management, has the right to terminate its lease in April 2026 with no less than 12 months’ prior written notice and the payment of a $1,393,364 termination fee. |
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| With respect to Loan No. 28, Sunset North, the 4th Largest Tenant, Farmers, includes (i) 60,166 square feet leased to Farmers New World with the right to terminate its lease on or after June 30, 2026 with no less than 12 months’ prior written notice and payment of a termination fee equal to (A) all rent through and including October 2026 and (B) the unamortized cost of all free or abated rent, tenant improvement allowances, reasonable attorneys’ fees, and leasing commissions actually paid or provided by the borrower, and (ii) 1,161 square feet leased to Farmers Credit Union with the right to terminate its lease on or after August 31, 2026 with no less than 12 months’ prior written notice and the payment of a termination fee equal to (A) all rent through and including December 2026 and (B) the unamortized cost of all free or abated rent, tenant improvement allowances, reasonable attorneys’ fees, and leasing commissions actually paid or provided by the borrower. |
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(26) | In certain cases, the Principal / Carveout Guarantor name was shortened for spacing purposes or due to the number of parties serving as the Principal / Carveout Guarantor. In the case of certain mortgage loans, the loan documents permit the borrower to replace the Principal / Carveout Guarantor upon satisfaction of certain terms and conditions in the related loan documents.
With respect to Loan No. 3, Innovation Park, the borrower at its election may maintain a policy of environmental insurance. In such event, the lender agrees that, with respect to all matters covered by such policy, such policy will be the lender's primary source of recovery for any liability relating to hazardous materials at the mortgaged property and the environmental indemnity provided in connection with the mortgage loan will be the lender's secondary source of recovery. Please see “Description of the Mortgage Pool—Non-Recourse Carveout Limitations” for additional information.
With respect to Loan No. 4, The Essex, in the event that the borrowers deliver to the lender an environmental insurance policy maintained by the borrowers, which is reasonably acceptable to the lender and names the lender (together with its successors and assigns) as an additional named insured thereunder, then the lender agrees that, prior to making any claims against the borrowers and guarantor for any losses, the lender will first make a claim for such losses under the environmental policy in accordance with the mortgage loan documents. Please see “Description of the Mortgage Pool—Non-Recourse Carveout Limitations” for additional information.
With respect to Loan No. 6, Harvey Building Products, the non-recourse carveout guarantor is not a party to the environmental indemnity, and the borrower is the sole party liable for any breach or violation of the indemnity.
With respect to Loan No. 8, 80 on the Commons, the obligations of the non-recourse carve-out guarantor for recourse events related to voluntary bankruptcy or collusive involuntary bankruptcy and other bankruptcy-related events are capped at 20% of the outstanding principal balance of the 80 on the Commons Loan as of the date of |
| the applicable bankruptcy event, plus the lender’s reasonably incurred costs and expenses in enforcing or preserving its rights under the non-recourse carveout guaranty.
With respect to Loan No. 9, Osborn Triangle, the mortgage loan has no separate carveout guarantor, and the borrowers are the only indemnitors under the related environmental indemnity agreement. At origination of the mortgage loan, the borrowers obtained an environmental insurance policy issued by the Sirius Group in the name of the borrowers, with the lender as additional named insured with its successors, assigns and/or affiliates, with per incident and aggregate limits of $5,000,000, a deductible of $25,000 per incident and a term expiring on May 16, 2032. With respect to Loan No. 10, Tysons Tower, the mortgage loan has no separate carveout guarantor, and the borrower is the only indemnitor under the related environmental indemnity agreement. |
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(27) | The classification of the lockbox and cash management types is described in the Prospectus. See “Description of the Mortgage Pool – Lockbox Accounts” for further details.
With respect to Loan No. 6, 180 Water Street, the mortgage loan is in a cash sweep period as of the Cut-off Date.
With respect to Loan No. 30, City Hyde Park, the mortgage loan documents require a springing hard lockbox for retail tenants and a springing soft lockbox for residential tenants with springing cash management during the period during which any of the following occurs: (i) an event of default, (ii) any bankruptcy action of the borrower or property manager, or (iii) the date that the debt service coverage ratio (as calculated in the loan documents based on the debt service for the amortization period and tested quarterly) based on the trailing three-month period immediately preceding the date of determination falls below (a) 1.10x during the interest only period or (b) 1.05x during the amortization period of the loan term. |
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(28) | With respect to Loan No. 3, 4, and 5, Innovation Park, The Essex, and 180 Water, the related Whole Loan will initially be serviced by the master servicer and special servicer pursuant to the pooling and servicing agreement for this transaction. From and after the date on which the related lead servicing companion loan is securitized, it is anticipated that the related whole loan will be serviced under and by the master servicer and special servicer designated in the related pooling and servicing agreement entered into in connection with such securitization. |
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(29) | Refers to (a) debt secured by the mortgaged property, (b) mezzanine debt and (c) preferred equity. See “Description of the Mortgage Pool—Additional Debt—Mezzanine Indebtedness” and “—Other Indebtedness” and “Certain Legal Aspects of the Mortgage Loans” in the Prospectus for information related to mortgage loans with subordinate, mezzanine or other additional debt or preferred equity that permit subordinate, mezzanine or other additional debt in the future.
With respect to Loan No. 4, The Essex, in connection with a tax exemption from which the mortgaged property benefits under Section 421-a of the New York Real Property Tax Law, the borrowers executed two enforcement notes payable to the order of the City of New York, acting by and through the Department of Housing Preservation and Development, in the aggregate amount of $77,799,999, which are secured by two enforcement mortgages. No payments are due under the notes during the term of the mortgage loan and the enforcement mortgages are subordinate to the lien of the mortgage in favor of the lender. Please see “Description of the Mortgage Pool – Other Secured Indebtedness” in the Preliminary Prospectus for additional information.
With respect to Loan No. 5, 180 Water, a mezzanine loan was funded to the owners of the borrower concurrently with the 180 Water Whole Loan (together, the “Total Debt”). The mezzanine loan has an original principal balance of $100.0 million, accrues interest at a per annum rate of 8.30000% and is interest only for its entire term (the “Mezzanine Loan”), provided that if the Total Debt debt yield increases to 6.50%, then the interest rate will be reduced to a per annum rate of 7.80000%. The mezzanine loan is expected to be sold to an unaffiliated third party. The 180 Water Subordinate Companion Note has an outstanding principal balance as of the Cut-off Date of $127.5 million, and accrues interest at a fixed rate of 3.410377% per annum. The 180 Water B Note has a 60-month term and is interest only for the full term.
With respect to Loan No. 5, 180 Water, the borrower has the right to replace the Mezzanine Loan with a replacement mezzanine loan on or after November 6, 2021, so long as certain conditions are met, including the following: (i) the replacement mezzanine loan amount is no greater than the lesser of the outstanding balance of the Mezzanine Loan at such time, or $100 million, (ii) the new lender executes an intercreditor agreement that is substantially the same as the initial intercreditor agreement for the Mezzanine Loan, (iii) immediately after the closing of the replacement mezzanine loan, the Total Debt DSCR would be no less than the greater of (a) the mortgage loan |