FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-226943-05 | ||
COMM 2019-GC44
The depositor has filed a registration statement (including the prospectus) with the Securities and Exchange Commission (File No. 333-226943) for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the Securities and Exchange Commission for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the Securities and Exchange Commission website at www.sec.gov. Alternatively, the depositor or Deutsche Bank Securities Inc., any other underwriter, or any dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-503-4611 or by emailing: prospectus.cpdg@db.com. The offered certificates referred to in these materials, and the asset pool backing them, are subject to modification or revision (including the possibility that one or more classes of certificates may be split, combined or eliminated at any time prior to issuance or availability of a final prospectus) and are offered on a “when, as and if issued” basis. You understand that, when you are considering the purchase of these certificates, a contract of sale will come into being no sooner than the date on which the relevant class has been priced and we have verified the allocation of certificates to be made to you; any “indications of interest” expressed by you, and any “soft circles” generated by us, will not create binding contractual obligations for you or us. This free writing prospectus does not contain all information that is required to be included in the prospectus.
STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING ESTIMATES AND OTHER INFORMATION
This material is for your information, and none of Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Citigroup Global Markets Inc., Academy Securities, Inc., Drexel Hamilton, LLC or any other underwriter, (collectively, the “Underwriters”) are soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal.
Neither this document nor anything contained herein shall form the basis for any contract or commitment whatsoever. The information contained herein is preliminary as of the date hereof. These materials are subject to change, completion or amendment from time to time. The information contained herein will be superseded by similar information delivered to you as part of the preliminary prospectus relating to the COMM 2019-GC44 Mortgage Trust Commercial Mortgage Pass-Through Certificates, Series 2019-GC44 (the “Offering Document”). The information contained herein supersedes any such information previously delivered and should be reviewed only in conjunction with the entire Offering Document. All of the information contained herein is subject to the same limitations and qualifications contained in the Offering Document. The information contained herein does not contain all relevant information relating to the underlying mortgage loans or mortgaged properties. Such information is described elsewhere in the Offering Document. The information contained herein will be more fully described elsewhere in the Offering Document. The information contained herein should not be viewed as projections, forecasts, predictions or opinions with respect to value. Prior to making any investment decision, prospective investors are strongly urged to read the Offering Document its entirety. Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this free writing prospectus is truthful or complete. Any representation to the contrary is a criminal offense.
The attached information contains certain tables and other statistical analyses (the “Computational Materials”) which have been prepared in reliance upon information furnished by the Mortgage Loan Sellers. Numerous assumptions were used in preparing the Computational Materials, which may or may not be reflected herein. As such, no assurance can be given as to the Computational Materials’ accuracy, appropriateness or completeness in any particular context; or as to whether the Computational Materials and/or the assumptions upon which they are based reflect present market conditions or future market performance. The Computational Materials should not be construed as either projections or predictions or as legal, tax, financial or accounting advice. You should consult your own counsel, accountant and other advisors as to the legal, tax, business, financial and related aspects of a purchase of these securities. Any weighted average lives, yields and principal payment periods shown in the Computational Materials are based on prepayment and/or loss assumptions, and changes in such prepayment and/or loss assumptions may dramatically affect such weighted average lives, yields and principal payment periods. In addition, it is possible that prepayments or losses on the underlying assets will occur at rates higher or lower than the rates shown in the attached Computational Materials. The specific characteristics of the securities may differ from those shown in the Computational Materials due to differences between the final underlying assets and the preliminary underlying assets used in preparing the Computational Materials. The principal amount and designation of any security described in the Computational Materials are subject to change prior to issuance. None of Underwriters or any of their respective affiliates makes any representation or warranty as to the actual rate or timing of payments or losses on any of the underlying assets or the payments or yield on the securities.
This document contains forward-looking statements. Those statements are subject to certain risks and uncertainties that could cause the success of collections and the actual cash flow generated to differ materially from the information set forth herein. While such information reflects projections prepared in good faith based upon methods and data that are believed to be reasonable and accurate as of the dates thereof, the depositor undertakes no obligation to revise these forward-looking statements to reflect subsequent events or circumstances. Individuals should not place undue reliance on forward-looking statements and are advised to make their own independent analysis and determination with respect to the forecasted periods, which reflect the issuer’s view only as of the date hereof.
IMPORTANT NOTICE RELATING TO AUTOMATICALLY GENERATED EMAIL DISCLAIMERS
Any legends, disclaimers or other notices that may appear at the bottom of the email communication to which this free writing prospectus is attached relating to (1) these materials not constituting an offer (or a solicitation of an offer), (2) no representation being made that these materials are accurate or complete and may not be updated or (3) these materials possibly being confidential, are not applicable to these materials and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of these materials having been sent via Bloomberg or another system.
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COMM 2019-GC44
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
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| % of |
| Mortgage |
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| General | Detailed |
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| Interest | Original | Remaining | Original |
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| Initial Pool | # of | Loan | Original | Date |
| Maturity |
| Property | Property | Interest | Administrative | Accrual | Term to | Term to | Amortization |
Loan | ID | Property Name | Balance | Properties | Seller(1) | Balance($)(3)(9) | Balance($)(3) |
| or ARD Balance($) |
| Type(4)(5) | Type | Rate(6) | Fee Rate(7) | Basis | Maturity or ARD | Maturity or ARD | Term |
Loan | 1 | Century Plaza Towers(2)(33)(35) | 7.3% | 1 | GACC | 75,000,000 | 75,000,000 |
| 75,000,000 |
| Office | CBD | 3.0045% | 0.01188% | Actual/360 | 120 | 119 | 0 |
Loan | 2 | 180 Water(2)(33)(34)(35) | 6.1% | 1 | GACC | 62,500,000 | 62,500,000 |
| 62,500,000 |
| Multifamily | High Rise | 3.410377% | 0.01188% | Actual/360 | 60 | 59 | 0 |
Loan | 3 | The Shoppes at Blackstone Valley(2)(35) | 5.4% | 1 | GSMC | 55,000,000 | 55,000,000 |
| 46,125,464 |
| Retail | Anchored | 3.8443% | 0.01188% | Actual/360 | 120 | 119 | 360 |
Loan | 4 | Weston Kentucky Portfolio | 5.1% | 3 | GSMC | 52,253,500 | 52,253,500 |
| 52,253,500 |
| Industrial | Various | 3.3530% | 0.02188% | Actual/360 | 120 | 119 | 0 |
Property | 4.01 | Westport Distribution Center | 2.5% | 1 | GSMC | 25,541,823 | 25,541,823 |
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| Industrial | Warehouse/Distribution |
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Property | 4.02 | Bluegrass Corporate Center | 1.3% | 1 | GSMC | 13,518,318 | 13,518,318 |
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| Industrial | Flex |
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Property | 4.03 | Jefferson Trade Center | 1.3% | 1 | GSMC | 13,193,359 | 13,193,359 |
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| Industrial | Flex |
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Loan | 5 | 225 Bush(2)(33) | 4.9% | 1 | GACC | 50,000,000 | 50,000,000 |
| 50,000,000 |
| Office | CBD | 3.3030% | 0.01188% | Actual/360 | 60 | 59 | 0 |
Loan | 6 | USAA Office Portfolio(2) | 4.4% | 4 | GSMC | 45,000,000 | 45,000,000 |
| 45,000,000 |
| Office | Suburban | 3.3700% | 0.01188% | Actual/360 | 121 | 116 | 0 |
Property | 6.01 | Legacy Corporate Centre I & II | 1.3% | 1 | GSMC | 13,589,109 | 13,589,109 |
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| Office | Suburban |
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Property | 6.02 | Crosstown Center I | 1.2% | 1 | GSMC | 12,549,505 | 12,549,505 |
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| Office | Suburban |
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Property | 6.03 | Crosstown Center II | 1.1% | 1 | GSMC | 11,138,614 | 11,138,614 |
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| Office | Suburban |
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Property | 6.04 | Legacy Corporate Centre III | 0.8% | 1 | GSMC | 7,722,772 | 7,722,772 |
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| Office | Suburban |
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Loan | 7 | PCI Pharma Portfolio(2) | 3.9% | 5 | GSMC | 40,000,000 | 40,000,000 |
| 40,000,000 |
| Various | Various | 3.3790% | 0.01188% | Actual/360 | 120 | 119 | 0 |
Property | 7.01 | 3001 Red Lion Road | 1.8% | 1 | GSMC | 18,102,929 | 18,102,929 |
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| Industrial | R&D/Flex |
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Property | 7.02 | 4536 & 4545 Assembly Drive | 1.2% | 1 | GSMC | 12,679,282 | 12,679,282 |
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| Industrial | Warehouse/Distribution |
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Property | 7.03 | 6166 Nancy Ridge Drive | 0.5% | 1 | GSMC | 4,772,810 | 4,772,810 |
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| Office | Suburban Flex |
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Property | 7.04 | 6146 Nancy Ridge Drive | 0.3% | 1 | GSMC | 3,133,663 | 3,133,663 |
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| Office | Suburban Flex |
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Property | 7.05 | 1635 & 1639 New Milford School Road | 0.1% | 1 | GSMC | 1,311,317 | 1,311,317 |
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| Industrial | Warehouse |
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Loan | 8 | Elston Retail Collection(2) | 3.9% | 1 | CREFI | 40,000,000 | 39,918,185 |
| 28,397,553 |
| Retail | Anchored | 3.6500% | 0.02188% | Actual/360 | 120 | 119 | 300 |
Loan | 9 | 55 Green Street | 3.6% | 1 | GSMC | 36,600,000 | 36,600,000 |
| 36,600,000 |
| Office | CBD | 3.4510% | 0.03188% | Actual/360 | 120 | 119 | 0 |
Loan | 10 | The Essex Site 2(2)(21)(33)(34) | 3.4% | 1 | GSMC | 35,100,000 | 35,100,000 |
| 35,100,000 |
| Mixed Use | Multifamily/Retail | 2.7590% | 0.01188% | Actual/360 | 84 | 83 | 0 |
Loan | 11 | Legends at Village West(2) | 3.4% | 1 | CREFI | 35,000,000 | 34,948,301 |
| 31,690,606 |
| Retail | Anchored | 3.8600% | 0.03063% | Actual/360 | 60 | 59 | 360 |
Loan | 12 | Midtown Center(2)(33) | 3.2% | 1 | GSMC | 32,525,000 | 32,525,000 |
| 32,525,000 |
| Office | CBD | 3.0850% | 0.01188% | Actual/360 | 120 | 118 | 0 |
Loan | 13 | Broadcasting Square(2) | 3.1% | 1 | CREFI | 32,000,000 | 32,000,000 |
| 32,000,000 |
| Retail | Power Center | 3.1600% | 0.02188% | Actual/360 | 120 | 119 | 0 |
Loan | 14 | Westland Fair | 3.1% | 1 | GSMC | 31,500,000 | 31,500,000 |
| 28,285,300 |
| Retail | Anchored | 3.4000% | 0.03188% | Actual/360 | 120 | 119 | 360 |
Loan | 15 | Cobb Place(2) | 2.4% | 1 | GSMC | 25,000,000 | 25,000,000 |
| 22,506,615 |
| Retail | Anchored | 3.5420% | 0.02188% | Actual/360 | 84 | 83 | 360 |
Loan | 16 | Tri Pointe Plaza | 2.2% | 1 | CREFI | 22,165,000 | 22,165,000 |
| 22,165,000 |
| Mixed Use | Office/Retail | 3.6600% | 0.01188% | Actual/360 | 120 | 119 | 0 |
Loan | 17 | Villa Carlotta(35) | 2.0% | 1 | CREFI | 20,500,000 | 20,500,000 |
| 20,500,000 |
| Multifamily | Mid Rise | 4.0100% | 0.04188% | Actual/360 | 120 | 119 | 0 |
Loan | 18 | Wind Creek Leased Fee(2) | 1.9% | 1 | GACC | 20,000,000 | 19,923,773 |
| 17,121,720 |
| Other | Leased Fee | 4.3800% | 0.01188% | Actual/360 | 120 | 116 | 420 |
Loan | 19 | BOA Building Tulsa | 1.8% | 1 | GACC | 18,340,000 | 18,133,706 |
| 13,741,487 |
| Office | CBD | 5.0500% | 0.01188% | Actual/360 | 120 | 113 | 300 |
Loan | 20 | Embassy Suites Laredo(35) | 1.8% | 1 | GACC | 18,000,000 | 18,000,000 |
| 15,093,878 |
| Hospitality | Full Service | 3.8390% | 0.01188% | Actual/360 | 120 | 118 | 360 |
Loan | 21 | Brookside Park Apartments | 1.7% | 1 | CREFI | 17,525,000 | 17,525,000 |
| 17,525,000 |
| Multifamily | Garden | 3.7500% | 0.01188% | Actual/360 | 120 | 119 | 0 |
Loan | 22 | Brentwood Town Center | 1.7% | 1 | GSMC | 17,500,000 | 17,500,000 |
| 17,500,000 |
| Retail | Unanchored | 3.2570% | 0.01188% | Actual/360 | 120 | 119 | 0 |
Loan | 23 | Residence Inn Phoenix Chandler South | 1.7% | 1 | GSMC | 17,500,000 | 17,500,000 |
| 14,864,822 |
| Hospitality | Extended Stay | 4.3000% | 0.01188% | Actual/360 | 120 | 119 | 360 |
Loan | 24 | Spectrum Apartments | 1.7% | 1 | CREFI | 17,500,000 | 17,500,000 |
| 17,500,000 |
| Multifamily | Mid Rise | 4.0500% | 0.01188% | Actual/360 | 120 | 119 | 0 |
Loan | 25 | 874 Springfield | 1.7% | 1 | CREFI | 17,500,000 | 17,474,012 |
| 13,816,029 |
| Retail | Anchored | 3.8300% | 0.01188% | Actual/360 | 120 | 119 | 360 |
Loan | 26 | Keystone Crossing | 1.6% | 1 | GSMC | 16,750,000 | 16,724,346 |
| 13,138,352 |
| Mixed Use | Office/Retail | 3.6550% | 0.01188% | Actual/360 | 120 | 119 | 360 |
Loan | 27 | Townhomes at Highfield Commons | 1.6% | 1 | GSMC | 16,600,000 | 16,600,000 |
| 15,041,958 |
| Multifamily | Townhomes | 3.9123% | 0.01188% | Actual/360 | 120 | 119 | 360 |
Loan | 28 | Millennium Park Plaza(2) | 1.5% | 1 | GSMC | 15,000,000 | 15,000,000 |
| 15,000,000 |
| Mixed Use | Multifamily/Office/Retail | 3.6600% | 0.01188% | Actual/360 | 120 | 116 | 0 |
Loan | 29 | Claremont Apartments | 1.5% | 1 | GSMC | 14,880,000 | 14,880,000 |
| 14,880,000 |
| Multifamily | Garden | 3.4200% | 0.06063% | Actual/360 | 120 | 119 | 0 |
Loan | 30 | Ledges One | 1.4% | 1 | GSMC | 14,500,000 | 14,500,000 |
| 14,500,000 |
| Multifamily | Garden | 3.6840% | 0.01188% | Actual/360 | 120 | 119 | 0 |
Loan | 31 | North Attleboro Center | 1.4% | 1 | GACC | 13,923,000 | 13,923,000 |
| 13,923,000 |
| Retail | Anchored | 3.6550% | 0.01188% | Actual/360 | 120 | 119 | 0 |
Loan | 32 | Hampton Inn Summerlin | 1.3% | 1 | CREFI | 13,800,000 | 13,772,964 |
| 9,915,286 |
| Hospitality | Limited Service | 3.9500% | 0.01188% | Actual/360 | 120 | 119 | 300 |
Loan | 33 | Home2 Suites Hanford Lemoore | 1.3% | 1 | GSMC | 13,000,000 | 12,981,269 |
| 10,327,159 |
| Hospitality | Extended Stay | 4.0000% | 0.01188% | Actual/360 | 120 | 119 | 360 |
Loan | 34 | Young Innovations Portfolio | 1.1% | 2 | GACC | 11,110,290 | 11,110,290 |
| 11,110,290 |
| Industrial | Flex | 3.5780% | 0.01188% | Actual/360 | 120 | 119 | 0 |
Property | 34.01 | Young Innovations Earth City | 0.6% | 1 | GACC | 6,588,660 | 6,588,660 |
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Property | 34.02 | Young Innovations Algonquin | 0.4% | 1 | GACC | 4,521,630 | 4,521,630 |
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| Industrial | Flex |
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Loan | 35 | Oxy Lofts | 0.9% | 1 | GSMC | 9,000,000 | 9,000,000 |
| 9,000,000 |
| Multifamily | Garden | 3.7280% | 0.01188% | Actual/360 | 120 | 119 | 0 |
Loan | 36 | Bushwick Multifamily Portfolio | 0.8% | 3 | CREFI | 8,500,000 | 8,500,000 |
| 8,500,000 |
| Multifamily | Mid Rise | 3.8700% | 0.01188% | Actual/360 | 120 | 119 | 0 |
Property | 36.01 | 682 Chauncey Street | 0.4% | 1 | CREFI | 4,100,000 | 4,100,000 |
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| Multifamily | Mid Rise |
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Property | 36.02 | 1441 Bushwick Ave | 0.2% | 1 | CREFI | 2,290,000 | 2,290,000 |
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| Multifamily | Mid Rise |
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Property | 36.03 | 22 Granite Street | 0.2% | 1 | CREFI | 2,110,000 | 2,110,000 |
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| Multifamily | Mid Rise |
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Loan | 37 | Newpark Flats Apartments | 0.8% | 1 | GSMC | 8,000,000 | 8,000,000 |
| 8,000,000 |
| Multifamily | Garden | 3.3500% | 0.06063% | Actual/360 | 120 | 119 | 0 |
Loan | 38 | City Pointe Apartments & Townhomes | 0.7% | 1 | GACC | 7,250,000 | 7,250,000 |
| 6,546,766 |
| Multifamily | Garden | 3.7130% | 0.04063% | Actual/360 | 120 | 119 | 360 |
Loan | 39 | Hub at Vista Palomar Park(35) | 0.7% | 1 | GSMC | 7,200,000 | 7,200,000 |
| 7,200,000 |
| Retail | Unanchored | 3.6490% | 0.01188% | Actual/360 | 120 | 119 | 0 |
Loan | 40 | 152 South 4th Street | 0.6% | 1 | CREFI | 5,750,000 | 5,750,000 |
| 5,750,000 |
| Multifamily | Mid Rise | 3.7000% | 0.01188% | Actual/360 | 120 | 119 | 0 |
Loan | 41 | 155 Meserole Street | 0.5% | 1 | CREFI | 5,450,000 | 5,450,000 |
| 5,450,000 |
| Multifamily | Mid Rise | 3.7000% | 0.01188% | Actual/360 | 120 | 119 | 0 |
Loan | 42 | 119 Guernsey Street | 0.5% | 1 | CREFI | 5,090,000 | 5,090,000 |
| 5,090,000 |
| Multifamily | Mid Rise | 3.7000% | 0.01188% | Actual/360 | 120 | 119 | 0 |
Loan | 43 | 273 Leonard Street | 0.5% | 1 | CREFI | 5,000,000 | 5,000,000 |
| 5,000,000 |
| Multifamily | Mid Rise | 3.7000% | 0.01188% | Actual/360 | 120 | 119 | 0 |
A-1-1
COMM 2019-GC44
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
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| Pari Passu | Pari Passu |
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| Remaining |
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| Monthly | Annual | Companion Loan | Companion Loan | Remaining |
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| Amortization | Origination | Payment | Maturity | ARD Loan | Final | Debt | Debt | Monthly Debt | Annual Debt | Interest Only |
| Cash |
Loan | ID | Property Name | Term | Date | Date | or ARD Date | (Yes/No) | Maturity Date | Service($)(8) | Service($)(8) | Service($) | Service($) | Period | Lockbox(10) | Management(11) |
Loan | 1 | Century Plaza Towers(2)(33)(35) | 0 | 10/21/2019 | 12/09/2019 | 11/09/2029 | No | 11/09/2029 | 190,389 | 2,284,672 | 2,094,283 | 25,131,391 | 119 | Hard | Springing |
Loan | 2 | 180 Water(2)(33)(34)(35) | 0 | 10/18/2019 | 12/06/2019 | 11/06/2024 | No | 11/06/2024 | 180,091 | 2,161,090 | 216,109 | 2,593,308 | 59 | Hard | In Place |
Loan | 3 | The Shoppes at Blackstone Valley(2)(35) | 360 | 11/01/2019 | 12/01/2019 | 11/06/2029 | No | 11/06/2029 | 257,666 | 3,091,986 | 510,646 | 6,127,755 | 23 | Hard | Springing |
Loan | 4 | Weston Kentucky Portfolio | 0 | 11/01/2019 | 12/06/2019 | 11/06/2029 | No | 11/06/2029 | 148,033 | 1,776,394 |
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| 119 | Springing Hard | Springing |
Property | 4.01 | Westport Distribution Center |
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Property | 4.02 | Bluegrass Corporate Center |
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Property | 4.03 | Jefferson Trade Center |
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Loan | 5 | 225 Bush(2)(33) | 0 | 10/11/2019 | 12/06/2019 | 11/06/2024 | No | 11/06/2024 | 139,536 | 1,674,438 | 428,656 | 5,143,872 | 59 | Hard | Springing |
Loan | 6 | USAA Office Portfolio(2) | 0 | 07/02/2019 | 08/06/2019 | 08/06/2029 | No | 08/06/2029 | 128,130 | 1,537,563 | 562,065 | 6,744,774 | 116 | Hard | Springing |
Property | 6.01 | Legacy Corporate Centre I & II |
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Property | 6.02 | Crosstown Center I |
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Property | 6.03 | Crosstown Center II |
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Property | 6.04 | Legacy Corporate Centre III |
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Loan | 7 | PCI Pharma Portfolio(2) | 0 | 10/31/2019 | 12/06/2019 | 11/06/2029 | No | 11/06/2029 | 114,198 | 1,370,372 | 195,564 | 2,346,762 | 119 | Hard | Springing |
Property | 7.01 | 3001 Red Lion Road |
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Property | 7.02 | 4536 & 4545 Assembly Drive |
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Property | 7.03 | 6166 Nancy Ridge Drive |
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Property | 7.04 | 6146 Nancy Ridge Drive |
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Property | 7.05 | 1635 & 1639 New Milford School Road |
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Loan | 8 | Elston Retail Collection(2) | 299 | 10/31/2019 | 12/06/2019 | 11/06/2029 | No | 11/06/2029 | 203,482 | 2,441,780 | 152,611 | 1,831,335 | 0 | Springing Hard | Springing |
Loan | 9 | 55 Green Street | 0 | 11/01/2019 | 12/06/2019 | 11/06/2029 | No | 11/06/2029 | 106,717 | 1,280,609 |
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| 119 | Hard | In Place |
Loan | 10 | The Essex Site 2(2)(21)(33)(34) | 0 | 10/25/2019 | 12/01/2019 | 11/01/2026 | No | 11/01/2026 | 81,822 | 981,859 | 190,917 | 2,291,005 | 83 | Hard | Springing |
Loan | 11 | Legends at Village West(2) | 359 | 10/22/2019 | 12/06/2019 | 11/06/2024 | No | 11/06/2024 | 164,283 | 1,971,394 | 398,973 | 4,787,671 | 0 | Hard | Springing |
Loan | 12 | Midtown Center(2)(33) | 0 | 09/30/2019 | 11/11/2019 | 10/11/2029 | Yes | 09/30/2033 | 84,778 | 1,017,332 | 910,920 | 10,931,044 | 118 | Hard | Springing |
Loan | 13 | Broadcasting Square(2) | 0 | 11/01/2019 | 12/06/2019 | 11/06/2029 | No | 11/06/2029 | 85,437 | 1,025,244 | 80,097 | 961,167 | 119 | Hard | In Place |
Loan | 14 | Westland Fair | 360 | 10/30/2019 | 12/06/2019 | 11/06/2029 | No | 11/06/2029 | 139,697 | 1,676,359 |
|
| 59 | Hard | Springing |
Loan | 15 | Cobb Place(2) | 360 | 10/24/2019 | 12/06/2019 | 11/06/2026 | No | 11/06/2026 | 112,848 | 1,354,177 | 67,709 | 812,506 | 23 | Hard | In Place |
Loan | 16 | Tri Pointe Plaza | 0 | 10/17/2019 | 12/06/2019 | 11/06/2029 | No | 11/06/2029 | 68,542 | 822,506 |
|
| 119 | Hard | Springing |
Loan | 17 | Villa Carlotta(35) | 0 | 11/06/2019 | 12/06/2019 | 11/06/2029 | No | 11/06/2029 | 69,456 | 833,467 |
|
| 119 | Springing Hard | Springing |
Loan | 18 | Wind Creek Leased Fee(2) | 416 | 07/23/2019 | 09/06/2019 | 08/06/2029 | No | 08/06/2029 | 93,171 | 1,118,046 | 589,769 | 7,077,233 | 0 | Hard | In Place |
Loan | 19 | BOA Building Tulsa | 293 | 04/18/2019 | 06/06/2019 | 05/06/2029 | No | 05/06/2029 | 107,749 | 1,292,985 |
|
| 0 | Hard | Springing |
Loan | 20 | Embassy Suites Laredo(35) | 360 | 10/03/2019 | 11/06/2019 | 10/06/2029 | No | 10/06/2029 | 84,272 | 1,011,269 |
|
| 22 | Hard | Springing |
Loan | 21 | Brookside Park Apartments | 0 | 11/05/2019 | 12/06/2019 | 11/06/2029 | No | 11/06/2029 | 55,526 | 666,315 |
|
| 119 | Springing Hard | Springing |
Loan | 22 | Brentwood Town Center | 0 | 10/18/2019 | 12/06/2019 | 11/06/2029 | No | 11/06/2029 | 48,158 | 577,891 |
|
| 119 | Springing Hard | Springing |
Loan | 23 | Residence Inn Phoenix Chandler South | 360 | 10/23/2019 | 12/06/2019 | 11/06/2029 | No | 11/06/2029 | 86,603 | 1,039,230 |
|
| 23 | None | In Place |
Loan | 24 | Spectrum Apartments | 0 | 10/31/2019 | 12/06/2019 | 11/06/2029 | No | 11/06/2029 | 59,883 | 718,594 |
|
| 119 | Springing Hard | Springing |
Loan | 25 | 874 Springfield | 359 | 10/29/2019 | 12/06/2019 | 11/06/2029 | No | 11/06/2029 | 81,842 | 982,100 |
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| 0 | Hard | Springing |
Loan | 26 | Keystone Crossing | 359 | 10/10/2019 | 12/06/2019 | 11/06/2029 | No | 11/06/2029 | 76,672 | 920,060 |
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| 0 | Hard | Springing |
Loan | 27 | Townhomes at Highfield Commons | 360 | 11/01/2019 | 12/06/2019 | 11/06/2029 | No | 11/06/2029 | 78,414 | 940,967 |
|
| 59 | Soft | In Place |
Loan | 28 | Millennium Park Plaza(2) | 0 | 07/19/2019 | 09/06/2019 | 08/06/2029 | No | 08/06/2029 | 46,385 | 556,625 | 603,010 | 7,236,125 | 116 | Soft (Residential) / Hard (Nonresidential) | Springing |
Loan | 29 | Claremont Apartments | 0 | 10/11/2019 | 12/06/2019 | 11/06/2029 | No | 11/06/2029 | 42,997 | 515,964 |
|
| 119 | None | None |
Loan | 30 | Ledges One | 0 | 10/23/2019 | 12/06/2019 | 11/06/2029 | No | 11/06/2029 | 45,133 | 541,599 |
|
| 119 | None | None |
Loan | 31 | North Attleboro Center | 0 | 11/04/2019 | 12/06/2019 | 11/06/2029 | No | 11/06/2029 | 42,996 | 515,954 |
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| 119 | Hard | Springing |
Loan | 32 | Hampton Inn Summerlin | 299 | 10/31/2019 | 12/06/2019 | 11/06/2029 | No | 11/06/2029 | 72,461 | 869,532 |
|
| 0 | Hard | Springing |
Loan | 33 | Home2 Suites Hanford Lemoore | 359 | 10/17/2019 | 12/06/2019 | 11/06/2029 | No | 11/06/2029 | 62,064 | 744,768 |
|
| 0 | Springing Hard | Springing |
Loan | 34 | Young Innovations Portfolio | 0 | 10/11/2019 | 12/06/2019 | 11/06/2029 | No | 11/06/2029 | 33,587 | 403,047 |
|
| 119 | Hard | Springing |
Property | 34.01 | Young Innovations Earth City |
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Property | 34.02 | Young Innovations Algonquin |
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Loan | 35 | Oxy Lofts | 0 | 10/31/2019 | 12/06/2019 | 11/06/2029 | No | 11/06/2029 | 28,348 | 340,180 |
|
| 119 | Soft | Springing |
Loan | 36 | Bushwick Multifamily Portfolio | 0 | 10/30/2019 | 12/06/2019 | 11/06/2029 | No | 11/06/2029 | 27,793 | 333,519 |
|
| 119 | Springing Soft | Springing |
Property | 36.01 | 682 Chauncey Street |
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Property | 36.02 | 1441 Bushwick Ave |
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Property | 36.03 | 22 Granite Street |
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Loan | 37 | Newpark Flats Apartments | 0 | 10/31/2019 | 12/06/2019 | 11/06/2029 | No | 11/06/2029 | 22,644 | 271,722 |
|
| 119 | None | None |
Loan | 38 | City Pointe Apartments & Townhomes | 360 | 10/25/2019 | 12/06/2019 | 11/06/2029 | No | 11/06/2029 | 33,424 | 401,086 |
|
| 59 | Springing Soft | Springing |
Loan | 39 | Hub at Vista Palomar Park(35) | 0 | 10/28/2019 | 12/06/2019 | 11/06/2029 | No | 11/06/2029 | 22,198 | 266,377 |
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| 119 | Springing Hard | Springing |
Loan | 40 | 152 South 4th Street | 0 | 10/25/2019 | 12/06/2019 | 11/06/2029 | No | 11/06/2029 | 17,975 | 215,705 |
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| 119 | Springing Soft | Springing |
Loan | 41 | 155 Meserole Street | 0 | 10/25/2019 | 12/06/2019 | 11/06/2029 | No | 11/06/2029 | 17,038 | 204,451 |
|
| 119 | Springing Soft | Springing |
Loan | 42 | 119 Guernsey Street | 0 | 10/25/2019 | 12/06/2019 | 11/06/2029 | No | 11/06/2029 | 15,912 | 190,946 |
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| 119 | Springing Soft | Springing |
Loan | 43 | 273 Leonard Street | 0 | 10/25/2019 | 12/06/2019 | 11/06/2029 | No | 11/06/2029 | 15,631 | 187,569 |
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| 119 | Springing Soft | Springing |
A-1-2
COMM 2019-GC44
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
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| Crossed |
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| FIRREA | Cut-Off |
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| With | Related | Underwritten | Underwritten | Grace | Payment | Appraised | Appraisal | Compliant | Date LTV | LTV Ratio at |
Loan | ID | Property Name | Other Loans | Borrower | NOI DSCR(8)(12) | NCF DSCR(8)(12) | Period(14) | Date | Value ($)(15)(16) | As-of Date(15) | (Yes/No) | Ratio(9)(12)(15)(16) | Maturity or ARD(12)(15) |
Loan | 1 | Century Plaza Towers(2)(33)(35) | No | No | 4.42x | 4.09x | 0 | 9 | 2,302,000,000 | 09/24/2019 | Yes | 39.1% | 39.1% |
Loan | 2 | 180 Water(2)(33)(34)(35) | No | No | 3.17x | 3.15x | 0 | 6 | 451,500,000 | 09/18/2019 | Yes | 30.5% | 30.5% |
Loan | 3 | The Shoppes at Blackstone Valley(2)(35) | No | No | 1.61x | 1.53x | 5 days grace, other than the payment due on the Maturity Date | 1 | 238,700,000 | 08/14/2019 | Yes | 68.7% | 57.6% |
Loan | 4 | Weston Kentucky Portfolio | No | No | 3.32x | 3.06x | 0 | 6 | 80,400,000 | 09/25/2019 | Yes | 59.5% | 65.0% |
Property | 4.01 | Westport Distribution Center |
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| 37,800,000 | 08/28/2019 | Yes |
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Property | 4.02 | Bluegrass Corporate Center |
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| 20,100,000 | 08/28/2019 | Yes |
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Property | 4.03 | Jefferson Trade Center |
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| 19,600,000 | 08/28/2019 | Yes |
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Loan | 5 | 225 Bush(2)(33) | No | No | 4.00x | 3.85x | 0 | 6 | 589,000,000 | 09/05/2019 | Yes | 34.6% | 34.6% |
Loan | 6 | USAA Office Portfolio(2) | No | No | 2.86x | 2.84x | 0 | 6 | 380,000,000 | 06/07/2019 | Yes | 63.8% | 63.8% |
Property | 6.01 | Legacy Corporate Centre I & II |
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| 114,824,056 | 06/07/2019 | Yes |
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Property | 6.02 | Crosstown Center I |
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| 106,065,678 | 06/07/2019 | Yes |
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Property | 6.03 | Crosstown Center II |
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| 93,934,322 | 06/07/2019 | Yes |
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Property | 6.04 | Legacy Corporate Centre III |
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| 65,175,943 | 06/07/2019 | Yes |
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Loan | 7 | PCI Pharma Portfolio(2) | No | Yes - A | 2.77x | 2.61x | 0 | 6 | 165,940,000 | Various | Yes | 65.4% | 65.4% |
Property | 7.01 | 3001 Red Lion Road |
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| 75,100,000 | 10/10/2019 | Yes |
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Property | 7.02 | 4536 & 4545 Assembly Drive |
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| 52,600,000 | 10/11/2019 | Yes |
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Property | 7.03 | 6166 Nancy Ridge Drive |
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| 19,800,000 | 10/10/2019 | Yes |
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Property | 7.04 | 6146 Nancy Ridge Drive |
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| 13,000,000 | 10/10/2019 | Yes |
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Property | 7.05 | 1635 & 1639 New Milford School Road |
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| 5,440,000 | 10/11/2019 | Yes |
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Loan | 8 | Elston Retail Collection(2) | No | No | 1.46x | 1.44x | 0 | 6 | 105,000,000 | 09/04/2019 | Yes | 66.5% | 47.3% |
Loan | 9 | 55 Green Street | No | No | 2.53x | 2.46x | 0 | 6 | 64,300,000 | 02/01/2020 | Yes | 56.9% | 56.9% |
Loan | 10 | The Essex Site 2(2)(21)(33)(34) | No | No | 3.68x | 3.66x | 0 | 1 | 293,000,000 | 08/21/2019 | Yes | 39.9% | 39.9% |
Loan | 11 | Legends at Village West(2) | No | No | 1.68x | 1.67x | 5 | 6 | 225,000,000 | 09/01/2021 | Yes | 53.3% | 48.3% |
Loan | 12 | Midtown Center(2)(33) | No | No | 4.02x | 3.98x | 0 | 11 | 960,000,000 | 08/23/2019 | Yes | 39.8% | 39.8% |
Loan | 13 | Broadcasting Square(2) | No | No | 3.83x | 3.50x | 0 | 6 | 120,000,000 | 09/09/2019 | Yes | 51.7% | 51.7% |
Loan | 14 | Westland Fair | No | No | 2.01x | 1.91x | 0 | 6 | 45,100,000 | 09/10/2019 | Yes | 69.8% | 62.7% |
Loan | 15 | Cobb Place(2) | No | No | 2.00x | 1.90x | 0 | 6 | 54,500,000 | 09/25/2019 | Yes | 73.4% | 66.1% |
Loan | 16 | Tri Pointe Plaza | No | No | 2.60x | 2.45x | 0 | 6 | 34,100,000 | 09/23/2019 | Yes | 65.0% | 65.0% |
Loan | 17 | Villa Carlotta(35) | No | No | 1.98x | 1.97x | 0 | 6 | 33,900,000 | 09/20/2019 | Yes | 60.5% | 60.5% |
Loan | 18 | Wind Creek Leased Fee(2) | No | No | 1.27x | 1.27x | 0 | 6 | 172,500,000 | 04/23/2019 | Yes | 84.7% | 72.8% |
Loan | 19 | BOA Building Tulsa | No | No | 1.75x | 1.55x | 0 | 6 | 26,200,000 | 02/14/2019 | Yes | 69.2% | 52.4% |
Loan | 20 | Embassy Suites Laredo(35) | No | No | 2.51x | 2.18x | 0 | 6 | 25,800,000 | 09/06/2020 | Yes | 69.8% | 58.5% |
Loan | 21 | Brookside Park Apartments | No | No | 2.25x | 2.17x | 0 | 6 | 29,600,000 | 10/10/2019 | Yes | 59.2% | 59.2% |
Loan | 22 | Brentwood Town Center | No | No | 2.89x | 2.85x | 0 | 6 | 35,000,000 | 09/22/2019 | Yes | 50.0% | 50.0% |
Loan | 23 | Residence Inn Phoenix Chandler South | No | No | 2.04x | 1.84x | 0 | 6 | 29,900,000 | 08/14/2019 | Yes | 58.5% | 49.7% |
Loan | 24 | Spectrum Apartments | No | No | 1.85x | 1.82x | 0 | 6 | 26,000,000 | 10/09/2019 | Yes | 67.3% | 67.3% |
Loan | 25 | 874 Springfield | No | No | 1.73x | 1.61x | 0 | 6 | 24,600,000 | 07/01/2019 | Yes | 71.0% | 56.2% |
Loan | 26 | Keystone Crossing | No | No | 2.07x | 1.91x | 0 | 6 | 23,900,000 | 07/30/2019 | Yes | 70.0% | 55.0% |
Loan | 27 | Townhomes at Highfield Commons | No | No | 1.53x | 1.50x | 0 | 6 | 24,700,000 | 09/24/2019 | Yes | 67.2% | 60.9% |
Loan | 28 | Millennium Park Plaza(2) | No | No | 2.01x | 2.01x | 0 | 6 | 319,000,000 | 06/10/2019 | Yes | 65.8% | 65.8% |
Loan | 29 | Claremont Apartments | No | No | 2.45x | 2.42x | 0 | 6 | 21,600,000 | 09/12/2019 | Yes | 68.9% | 68.9% |
Loan | 30 | Ledges One | No | No | 2.29x | 2.26x | 0 | 6 | 22,450,000 | 09/11/2019 | Yes | 64.6% | 64.6% |
Loan | 31 | North Attleboro Center | No | No | 3.76x | 3.46x | 0 | 6 | 27,000,000 | 09/11/2019 | Yes | 51.6% | 51.6% |
Loan | 32 | Hampton Inn Summerlin | No | No | 1.95x | 1.76x | 0 | 6 | 22,000,000 | 09/01/2020 | Yes | 62.6% | 45.1% |
Loan | 33 | Home2 Suites Hanford Lemoore | No | No | 2.40x | 2.22x | 0 | 6 | 20,200,000 | 08/30/2019 | Yes | 64.3% | 51.1% |
Loan | 34 | Young Innovations Portfolio | No | Yes - A | 2.83x | 2.75x | 0 | 6 | 17,200,000 | Various | Yes | 64.6% | 64.6% |
Property | 34.01 | Young Innovations Earth City |
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| 10,200,000 | 09/11/2019 | Yes |
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Property | 34.02 | Young Innovations Algonquin |
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| 7,000,000 | 09/12/2019 | Yes |
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Loan | 35 | Oxy Lofts | No | No | 1.98x | 1.96x | 0 | 6 | 14,900,000 | 09/23/2019 | Yes | 60.4% | 60.4% |
Loan | 36 | Bushwick Multifamily Portfolio | No | No | 1.92x | 1.89x | 0 | 6 | 13,300,000 | 08/22/2019 | Yes | 63.9% | 63.9% |
Property | 36.01 | 682 Chauncey Street |
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| 6,420,000 | 08/22/2019 | Yes |
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Property | 36.02 | 1441 Bushwick Ave |
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| 3,300,000 | 08/22/2019 | Yes |
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Property | 36.03 | 22 Granite Street |
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| 3,580,000 | 08/22/2019 | Yes |
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Loan | 37 | Newpark Flats Apartments | No | No | 2.67x | 2.64x | 0 | 6 | 15,300,000 | 09/26/2019 | Yes | 52.3% | 52.3% |
Loan | 38 | City Pointe Apartments & Townhomes | No | No | 1.75x | 1.69x | 0 | 6 | 11,400,000 | 09/05/2019 | Yes | 63.6% | 57.4% |
Loan | 39 | Hub at Vista Palomar Park(35) | No | No | 2.75x | 2.68x | 0 | 6 | 11,750,000 | 09/12/2019 | Yes | 61.3% | 61.3% |
Loan | 40 | 152 South 4th Street | No | Yes - B | 1.90x | 1.89x | 0 | 6 | 8,900,000 | 08/27/2019 | Yes | 64.6% | 64.6% |
Loan | 41 | 155 Meserole Street | No | Yes - B | 1.90x | 1.88x | 0 | 6 | 8,500,000 | 08/27/2019 | Yes | 64.1% | 64.1% |
Loan | 42 | 119 Guernsey Street | No | Yes - B | 1.89x | 1.87x | 0 | 6 | 7,800,000 | 08/27/2019 | Yes | 65.3% | 65.3% |
Loan | 43 | 273 Leonard Street | No | Yes - B | 1.96x | 1.95x | 0 | 6 | 7,700,000 | 08/27/2019 | Yes | 64.9% | 64.9% |
A-1-3
COMM 2019-GC44
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
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| Net | Units | Loan per Net |
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| Year | Year | Rentable Area | of | Rentable Area |
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Loan | ID | Property Name | Address | City | County | State | Zip Code | Built | Renovated | (SF/Units/Rooms)(4)(16) | Measure | (SF/Units/Rooms) $(12) |
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Loan | 1 | Century Plaza Towers(2)(33)(35) | 2029 & 2049 Century Park East | Los Angeles | Los Angeles | CA | 90067 | 1975 | 2015 | 2,401,641 | Sq. Ft. | 375 |
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Loan | 2 | 180 Water(2)(33)(34)(35) | 180 Water Street | New York | New York | NY | 10038 | 1971 | 2017 | 573 | Units | 239,965 |
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Loan | 3 | The Shoppes at Blackstone Valley(2)(35) | 70 Worcester Providence Turnpike | Millbury | Worcester | MA | 01527 | 2003-2004 | NAP | 787,071 | Sq. Ft. | 208 |
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Loan | 4 | Weston Kentucky Portfolio | Various | Louisville | Jefferson | KY | Various | Various | NAP | 1,446,260 | Sq. Ft. | 36 |
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Property | 4.01 | Westport Distribution Center | 12710 Westport Road | Louisville | Jefferson | KY | 40245 | 1981-1990 | NAP | 690,160 | Sq. Ft. | 37 |
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Property | 4.02 | Bluegrass Corporate Center | 10100 Bluegrass Parkway | Louisville | Jefferson | KY | 40299 | 1972 | NAP | 394,200 | Sq. Ft. | 34 |
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Property | 4.03 | Jefferson Trade Center | 3600 Chamberlain Lane | Louisville | Jefferson | KY | 40241 | 1981 | NAP | 361,900 | Sq. Ft. | 36 |
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Loan | 5 | 225 Bush(2)(33) | 225 Bush Street | San Francisco | San Francisco | CA | 94104 | 1922, 1955 | 2010-2013 | 579,987 | Sq. Ft. | 351 |
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Loan | 6 | USAA Office Portfolio(2) | Various | Various | Various | Various | Various | Various | NAP | 881,490 | Sq. Ft. | 275 |
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Property | 6.01 | Legacy Corporate Centre I & II | 5601 Legacy Drive and 7300 Parkwood Boulevard | Plano | Collin | TX | 75024 | 1999 | NAP | 238,926 | Sq. Ft. | 306 |
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Property | 6.02 | Crosstown Center I | 9527 Delaney Creek Boulevard | Tampa | Hillsborough | FL | 33619 | 2015 | NAP | 260,869 | Sq. Ft. | 259 |
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Property | 6.03 | Crosstown Center II | 9519 Delaney Creek Boulevard | Tampa | Hillsborough | FL | 33619 | 2018 | NAP | 236,550 | Sq. Ft. | 254 |
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Property | 6.04 | Legacy Corporate Centre III | 7400 Parkwood Boulevard | Plano | Collin | TX | 75024 | 2019 | NAP | 145,145 | Sq. Ft. | 287 |
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Loan | 7 | PCI Pharma Portfolio(2) | Various | Various | Various | Various | Various | Various | Various | 1,356,188 | Sq. Ft. | 80 |
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Property | 7.01 | 3001 Red Lion Road | 3001 Red Lion Road | Philadelphia | Philadelphia | PA | 19114 | 1954 | 2002 | 447,000 | Sq. Ft. | 110 |
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Property | 7.02 | 4536 & 4545 Assembly Drive | 4536 & 4545 Assembly Drive | Rockford | Winnebago | IL | 61109 | 1989 | 2003, 2005, 2012, 2018 | 768,400 | Sq. Ft. | 45 |
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Property | 7.03 | 6166 Nancy Ridge Drive | 6166 Nancy Ridge Drive | San Diego | San Diego | CA | 92121 | 1996 | 2016 | 37,583 | Sq. Ft. | 344 |
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Property | 7.04 | 6146 Nancy Ridge Drive | 6146 Nancy Ridge Drive | San Diego | San Diego | CA | 92121 | 1987 | 2017 | 24,785 | Sq. Ft. | 343 |
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Property | 7.05 | 1635 & 1639 New Milford School Road | 1635 & 1639 New Milford School Road | Rockford | Winnebago | IL | 61109 | 1996 | 2001 | 78,420 | Sq. Ft. | 45 |
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Loan | 8 | Elston Retail Collection(2) | 2100 North Elston Avenue | Chicago | Cook | IL | 60614 | 2004 | NAP | 178,704 | Sq. Ft. | 391 |
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Loan | 9 | 55 Green Street | 55 Green Street | San Francisco | San Francisco | CA | 94111 | 1984 | 2019 | 54,414 | Sq. Ft. | 673 |
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Loan | 10 | The Essex Site 2(2)(21)(33)(34) | 125 Delancey Street | New York | New York | NY | 10002 | 2019 | NAP | 205,070 | Sq. Ft. | 571 |
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Loan | 11 | Legends at Village West(2) | 1843 Village West Parkway | Kansas City | Wyandotte | KS | 66111 | 2005 | 2019 | 702,750 | Sq. Ft. | 171 |
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Loan | 12 | Midtown Center(2)(33) | 1100 15th Street Northwest | Washington | District of Columbia | DC | 20005 | 2017 | NAP | 867,654 | Sq. Ft. | 440 |
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Loan | 13 | Broadcasting Square(2) | 2756 Paper Mill Road | Wyomissing | Berks | PA | 19610 | 2000 | NAP | 471,735 | Sq. Ft. | 131 |
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Loan | 14 | Westland Fair | 1251-1291 South Decatur Boulevard | Las Vegas | Clark | NV | 89102 | 1971-2006 | 2006 | 214,127 | Sq. Ft. | 147 |
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Loan | 15 | Cobb Place(2) | 840 Ernest W Barrett Parkway Northwest | Kennesaw | Cobb | GA | 30144 | 1987 | NAP | 335,191 | Sq. Ft. | 119 |
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Loan | 16 | Tri Pointe Plaza | 4400, 4410 & 4488 West Boy Scout Boulevard | Tampa | Hillsborough | FL | 33607 | 2008 | NAP | 72,608 | Sq. Ft. | 305 |
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Loan | 17 | Villa Carlotta(35) | 5959 Franklin Avenue | Los Angeles | Los Angeles | CA | 90028 | 1922, 1926 | 2016-2018 | 52 | Units | 394,231 |
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Loan | 18 | Wind Creek Leased Fee(2) | 77 Sands Boulevard | Bethlehem | Northampton | PA | 18015 | NAP | NAP | 2,608,541 | Sq. Ft. | 56 |
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Loan | 19 | BOA Building Tulsa | 15 West 6th Street | Tulsa | Tulsa | OK | 74119 | 1968 | NAP | 299,342 | Sq. Ft. | 61 |
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Loan | 20 | Embassy Suites Laredo(35) | 110 Calle del Norte | Laredo | Webb | TX | 78041 | 2005 | 2016 | 154 | Rooms | 116,883 |
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Loan | 21 | Brookside Park Apartments | 565 St. Johns Avenue Southwest | Atlanta | Fulton | GA | 30315 | 2005 | 2015 | 201 | Units | 87,189 |
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Loan | 22 | Brentwood Town Center | 13050 San Vicente Boulevard | Los Angeles | Los Angeles | CA | 90049 | 1992 | NAP | 12,962 | Sq. Ft. | 1,350 |
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Loan | 23 | Residence Inn Phoenix Chandler South | 2727 West Queen Creek Road | Chandler | Maricopa | AZ | 85248 | 2018 | NAP | 142 | Rooms | 123,239 |
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Loan | 24 | Spectrum Apartments | 815 Southeast 9th Avenue | Minneapolis | Hennepin | MN | 55414 | 2017 | NAP | 118 | Units | 148,305 |
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Loan | 25 | 874 Springfield | 874 Springfield Avenue | Irvington | Essex | NJ | 07111 | 1990 | NAP | 98,250 | Sq. Ft. | 178 |
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Loan | 26 | Keystone Crossing | 8480, 8500 & 8520 Keystone Crossing | Indianapolis | Marion | IN | 46240 | 1984, 2007 | NAP | 117,779 | Sq. Ft. | 142 |
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Loan | 27 | Townhomes at Highfield Commons | 6 & 12 Truman Circle and 33, 38, 43, 46, 52, 55, 58, 63, 64 & 71 Monroe Drive | Rochester | Strafford | NH | 03867 | 2016-2019 | NAP | 96 | Units | 172,917 |
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Loan | 28 | Millennium Park Plaza(2) | 151-155 North Michigan Avenue | Chicago | Cook | IL | 60601 | 1982 | 2015 | 560,083 | Sq. Ft. | 375 |
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Loan | 29 | Claremont Apartments | 500 North Quincy Street | Abington | Plymouth | MA | 02351 | 1971 | 2016-2018 | 91 | Units | 163,516 |
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Loan | 30 | Ledges One | 505 Everhope Avenue | Greer | Spartanburg | SC | 29651 | 2015-2017 | NAP | 103 | Units | 140,777 |
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Loan | 31 | North Attleboro Center | 1505 South Washington Street & 40 Cumberland Avenue | North Attleboro | Bristol | MA | 02760 | 1994, 1999 | NAP | 157,024 | Sq. Ft. | 89 |
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Loan | 32 | Hampton Inn Summerlin | 7100 Cascade Valley Court | Las Vegas | Clark | NV | 89128 | 1998 | NAP | 127 | Rooms | 108,449 |
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Loan | 33 | Home2 Suites Hanford Lemoore | 1589 Glendale Avenue | Hanford | Kings | CA | 93230 | 2017 | NAP | 87 | Rooms | 149,210 |
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Loan | 34 | Young Innovations Portfolio | Various | Various | Various | Various | Various | Various | Various | 212,400 | Sq. Ft. | 52 |
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Property | 34.01 | Young Innovations Earth City | 13705 Shoreline Court East | Earth City | Saint Louis | MO | 63045 | 1981 | 1991 | 117,400 | Sq. Ft. | 56 |
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Property | 34.02 | Young Innovations Algonquin | 2260 Wendt Street | Algonquin | McHenry | IL | 60102 | 2007 | NAP | 95,000 | Sq. Ft. | 48 |
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Loan | 35 | Oxy Lofts | 4547 Eagle Rock Boulevard | Los Angeles | Los Angeles | CA | 90041 | 2011 | NAP | 32 | Units | 281,250 |
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Loan | 36 | Bushwick Multifamily Portfolio | Various | Brooklyn | Kings | NY | 11207 | Various | Various | 22 | Units | 386,364 |
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Property | 36.01 | 682 Chauncey Street | 682 Chauncey Street | Brooklyn | Kings | NY | 11207 | 2017 | NAP | 10 | Units | 410,000 |
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Property | 36.02 | 1441 Bushwick Ave | 1441 Bushwick Avenue | Brooklyn | Kings | NY | 11207 | 1911 | 2017 | 6 | Units | 381,667 |
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Property | 36.03 | 22 Granite Street | 22 Granite Street | Brooklyn | Kings | NY | 11207 | 1911 | 2017 | 6 | Units | 351,667 |
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Loan | 37 | Newpark Flats Apartments | 6033 Park Lane South | Park City | Summit | UT | 84098 | 2018 | NAP | 43 | Units | 186,047 |
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Loan | 38 | City Pointe Apartments & Townhomes | 401 Jeanette Benton Drive | Evansville | Vanderburgh | IN | 47713 | 1999 | 2019 | 112 | Units | 64,732 |
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Loan | 39 | Hub at Vista Palomar Park(35) | 3211-3265 Business Park Drive | Vista | San Diego | CA | 92081 | 1999 | 2017 | 27,650 | Sq. Ft. | 260 |
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Loan | 40 | 152 South 4th Street | 152 South 4th Street | Brooklyn | Kings | NY | 11211 | 1887 | 2015 | 8 | Units | 718,750 |
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Loan | 41 | 155 Meserole Street | 155 Meserole Street | Brooklyn | Kings | NY | 11206 | 1887 | 2015 | 12 | Units | 454,167 |
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Loan | 42 | 119 Guernsey Street | 119 Guernsey Street | Brooklyn | Kings | NY | 11222 | 1916 | 2015 | 8 | Units | 636,250 |
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Loan | 43 | 273 Leonard Street | 273 Leonard Street | Brooklyn | Kings | NY | 11211 | 1901 | 2015 | 7 | Units | 714,286 |
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A-1-4
COMM 2019-GC44
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
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| Second Most | Second | Second | Second | Third Most | Third | Third | Third |
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| Prepayment Provisions | Most Recent Operating | Most Recent | Most Recent | Most Recent | Recent Operating | Most Recent | Most Recent | Most Recent | Recent Operating | Most Recent | Most Recent | Most Recent |
Loan | ID | Property Name | (# of payments)(17)(18)(19) | Statements Date(13) | EGI ($)(13) | Expenses($)(13) | NOI($)(13) | Statements Date | EGI($) | Expenses($) | NOI($) | Statements Date | EGI($) | Expenses($) | NOI($) |
Loan | 1 | Century Plaza Towers(2)(33)(35) | YM1(25), DorYM1(90), O(5) | 09/30/2019 | 120,890,660 | 37,547,742 | 83,342,918 | 12/31/2018 | 125,317,446 | 36,292,891 | 89,024,555 | 12/31/2017 | 117,379,087 | 34,178,955 | 83,200,132 |
Loan | 2 | 180 Water(2)(33)(34)(35) | L(25), D(31), O(4) | 06/30/2019 | 27,974,070 | 14,855,308 | 13,118,762 | 12/31/2018 | 26,646,594 | 14,981,570 | 11,665,024 |
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Loan | 3 | The Shoppes at Blackstone Valley(2)(35) | L(25), D(88), O(7) | 08/31/2019 | 18,578,998 | 4,518,587 | 14,060,411 | 12/31/2018 | 18,936,797 | 4,833,324 | 14,103,473 | 12/31/2017 | 19,150,138 | 4,783,415 | 14,366,723 |
Loan | 4 | Weston Kentucky Portfolio | L(25), YM1(90), O(5) | 08/31/2019 | 8,018,493 | 1,912,935 | 6,105,558 | 12/31/2018 | 7,803,720 | 1,929,927 | 5,873,793 | 12/31/2017 | 7,616,869 | 1,868,742 | 5,748,127 |
Property | 4.01 | Westport Distribution Center |
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Property | 4.02 | Bluegrass Corporate Center |
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Property | 4.03 | Jefferson Trade Center |
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Loan | 5 | 225 Bush(2)(33) | L(25), D(29), O(6) | 08/31/2019 | 36,531,101 | 12,018,844 | 24,512,257 | 12/31/2018 | 36,782,955 | 11,108,481 | 25,674,474 | 12/31/2017 | 35,806,940 | 11,018,547 | 24,788,393 |
Loan | 6 | USAA Office Portfolio(2) | L(11), YM1(106), O(4) |
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Property | 6.01 | Legacy Corporate Centre I & II |
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Property | 6.02 | Crosstown Center I |
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Property | 6.03 | Crosstown Center II |
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Property | 6.04 | Legacy Corporate Centre III |
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Loan | 7 | PCI Pharma Portfolio(2) | L(23), YM1(2), DorYM1(91), O(4) |
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Property | 7.01 | 3001 Red Lion Road |
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Property | 7.02 | 4536 & 4545 Assembly Drive |
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Property | 7.03 | 6166 Nancy Ridge Drive |
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Property | 7.04 | 6146 Nancy Ridge Drive |
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Property | 7.05 | 1635 & 1639 New Milford School Road |
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Loan | 8 | Elston Retail Collection(2) | L(25), D(92), O(3) | T-7 7/31/2019 Ann. | 6,436,828 | 236,566 | 6,200,262 | 12/31/2018 | 6,407,444 | 215,823 | 6,191,621 | 12/31/2017 | 6,312,553 | 226,063 | 6,086,490 |
Loan | 9 | 55 Green Street | L(11), YM1(102), O(7) |
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Loan | 10 | The Essex Site 2(2)(21)(33)(34) | L(25), D(54), O(5) |
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Loan | 11 | Legends at Village West(2) | L(25), D(31), O(4) | 08/31/2019 | 23,089,427 | 11,476,129 | 11,613,298 | 12/31/2018 | 22,260,380 | 10,976,852 | 11,283,528 | 12/31/2017 | 22,860,496 | 11,073,853 | 11,786,643 |
Loan | 12 | Midtown Center(2)(33) | L(26), D(87), O(7) |
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Loan | 13 | Broadcasting Square(2) | L(25), D(92), O(3) | 08/31/2019 | 11,207,977 | 2,744,042 | 8,463,935 | 12/31/2018 | 11,308,845 | 2,756,142 | 8,552,703 | 12/31/2017 | 11,120,033 | 2,553,077 | 8,566,956 |
Loan | 14 | Westland Fair | L(25), D(91), O(4) | 12/31/2018 | 4,284,623 | 977,870 | 3,306,753 | 12/31/2017 | 4,314,878 | 934,494 | 3,380,384 | 12/31/2016 | 4,212,063 | 950,766 | 3,261,297 |
Loan | 15 | Cobb Place(2) | L(25), D(54), O(5) | 06/30/2019 | 5,807,016 | 1,457,779 | 4,349,237 | 12/31/2018 | 5,718,934 | 1,284,751 | 4,434,183 | 12/31/2017 | 5,587,471 | 1,300,499 | 4,286,971 |
Loan | 16 | Tri Pointe Plaza | L(25), D(92), O(3) | 08/31/2019 | 2,992,375 | 852,919 | 2,139,456 | 12/31/2018 | 2,856,878 | 843,084 | 2,013,794 | 12/31/2017 | 2,511,755 | 767,215 | 1,744,540 |
Loan | 17 | Villa Carlotta(35) | L(25), D(91), O(4) | 09/30/2019 | 2,323,672 | 1,218,092 | 1,105,580 |
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Loan | 18 | Wind Creek Leased Fee(2) | L(28), D(87), O(5) |
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Loan | 19 | BOA Building Tulsa | L(31), D(86), O(3) | 01/31/2019 | 4,034,576 | 1,945,304 | 2,089,272 | 12/31/2018 | 4,009,599 | 1,984,627 | 2,024,972 | 12/31/2017 | 3,943,781 | 2,088,919 | 1,854,862 |
Loan | 20 | Embassy Suites Laredo(35) | L(26), D(87), O(7) | 08/31/2019 | 8,304,939 | 5,631,452 | 2,673,486 | 12/31/2018 | 7,811,725 | 5,456,208 | 2,355,517 | 12/31/2017 | 7,561,405 | 5,191,662 | 2,369,742 |
Loan | 21 | Brookside Park Apartments | L(25), D(91), O(4) | 09/30/2019 | 3,039,118 | 1,362,516 | 1,676,602 | 12/31/2018 | 2,913,568 | 1,299,714 | 1,613,854 | 12/31/2017 | 2,673,773 | 1,316,469 | 1,357,304 |
Loan | 22 | Brentwood Town Center | L(25), D(91), O(4) | 12/31/2018 | 1,905,024 | 619,111 | 1,285,913 | 12/31/2017 | 1,817,067 | 583,111 | 1,233,956 |
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Loan | 23 | Residence Inn Phoenix Chandler South | L(25), D(91), O(4) | 09/30/2019 | 5,105,186 | 2,918,394 | 2,186,792 |
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Loan | 24 | Spectrum Apartments | L(25), YM1(91), O(4) | 08/31/2019 | 2,306,658 | 967,156 | 1,339,502 | 12/31/2018 | 2,300,922 | 825,941 | 1,474,982 |
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Loan | 25 | 874 Springfield | L(25), D(90), O(5) | 07/31/2019 | 2,124,983 | 707,356 | 1,417,627 | 12/31/2018 | 2,079,557 | 657,191 | 1,422,366 | 12/31/2017 | 1,986,434 | 645,676 | 1,340,758 |
Loan | 26 | Keystone Crossing | L(25), D(91), O(4) | 05/31/2019 | 2,602,093 | 1,030,177 | 1,571,915 | 12/31/2018 | 2,650,109 | 966,716 | 1,683,393 | 12/31/2017 | 2,305,568 | 920,405 | 1,385,163 |
Loan | 27 | Townhomes at Highfield Commons | L(25), D(91), O(4) | 08/31/2019 | 1,845,651 | 498,908 | 1,346,743 | 12/31/2018 | 1,397,009 | 497,601 | 899,408 | 12/31/2017 | 1,237,504 | 527,753 | 709,751 |
Loan | 28 | Millennium Park Plaza(2) | L(28), D(85), O(7) | 05/31/2019 | 22,194,678 | 6,549,845 | 15,644,833 | 12/31/2018 | 21,775,900 | 6,410,039 | 15,365,861 | 12/31/2017 | 20,409,860 | 6,198,041 | 14,211,819 |
Loan | 29 | Claremont Apartments | L(25), D(91), O(4) | 08/31/2019 | 1,769,982 | 638,854 | 1,131,128 | 12/31/2018 | 1,693,511 | 652,649 | 1,040,861 | 12/31/2017 | 1,608,323 | 592,648 | 1,015,675 |
Loan | 30 | Ledges One | L(25), D(91), O(4) | T-1 8/31/2019 Ann. | 1,841,099 | 699,763 | 1,141,336 |
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Loan | 31 | North Attleboro Center | L(25), D(90), O(5) | 08/31/2019 | 2,554,722 | 681,452 | 1,873,270 | 12/31/2018 | 2,060,643 | 575,336 | 1,485,307 | 12/31/2017 | 1,912,487 | 592,753 | 1,319,734 |
Loan | 32 | Hampton Inn Summerlin | L(25), D(92), O(3) | 08/31/2019 | 4,184,540 | 2,374,136 | 1,810,404 | 12/31/2018 | 4,040,806 | 2,339,702 | 1,701,104 | 12/31/2017 | 3,974,328 | 2,316,702 | 1,657,626 |
Loan | 33 | Home2 Suites Hanford Lemoore | L(25), D(91), O(4) | 08/31/2019 | 3,488,641 | 1,695,140 | 1,793,501 | 12/31/2018 | 3,211,562 | 1,687,753 | 1,523,809 |
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Loan | 34 | Young Innovations Portfolio | L(23), YM1(2), DorYM1(90), O(5) |
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Property | 34.01 | Young Innovations Earth City |
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Property | 34.02 | Young Innovations Algonquin |
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Loan | 35 | Oxy Lofts | L(25), D(91), O(4) | 08/31/2019 | 1,039,930 | 389,230 | 650,700 | 12/31/2018 | 976,112 | 379,173 | 596,939 | 12/31/2017 | 992,331 | 283,066 | 709,265 |
Loan | 36 | Bushwick Multifamily Portfolio | L(25), D(91), O(4) | Various | 691,024 | 81,733 | 609,291 |
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Property | 36.01 | 682 Chauncey Street |
| 10/31/2019 | 283,742 | 22,990 | 260,752 |
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Property | 36.02 | 1441 Bushwick Ave |
| 10/31/2019 | 196,747 | 28,307 | 168,440 | 12/31/2018 | 189,372 | 24,377 | 164,995 | 12/31/2017 | 203,630 | 20,692 | 182,938 |
Property | 36.03 | 22 Granite Street |
| 09/30/2019 | 210,534 | 30,436 | 180,098 | 12/31/2018 | 207,309 | 31,301 | 176,009 | 12/31/2017 | 211,684 | 40,257 | 171,427 |
Loan | 37 | Newpark Flats Apartments | L(25), D(91), O(4) |
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Loan | 38 | City Pointe Apartments & Townhomes | L(25), D(91), O(4) | 08/31/2019 | 980,091 | 343,228 | 636,862 | 12/31/2018 | 743,782 | 334,342 | 409,440 | 12/31/2017 | 219,227 | 187,461 | 31,766 |
Loan | 39 | Hub at Vista Palomar Park(35) | L(25), D(91), O(4) | 07/31/2019 | 1,017,136 | 336,440 | 680,696 | 12/31/2018 | 889,103 | 324,039 | 565,064 |
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Loan | 40 | 152 South 4th Street | L(25), D(92), O(3) | 06/30/2019 | 467,372 | 57,817 | 409,554 | 12/31/2018 | 465,570 | 59,421 | 406,149 | 12/31/2017 | 454,055 | 61,009 | 393,047 |
Loan | 41 | 155 Meserole Street | L(25), D(92), O(3) | 06/30/2019 | 506,324 | 114,116 | 392,208 | 12/31/2018 | 500,648 | 111,534 | 389,114 | 12/31/2017 | 474,969 | 89,483 | 385,486 |
Loan | 42 | 119 Guernsey Street | L(25), D(92), O(3) | 06/30/2019 | 420,927 | 60,484 | 360,442 | 12/31/2018 | 420,525 | 57,420 | 363,105 | 12/31/2017 | 341,075 | 55,841 | 285,234 |
Loan | 43 | 273 Leonard Street | L(25), D(92), O(3) | 06/30/2019 | 395,232 | 45,384 | 349,848 | 12/31/2018 | 377,950 | 45,578 | 332,372 | 12/31/2017 | 404,275 | 44,218 | 360,057 |
A-1-5
COMM 2019-GC44
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
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| Underwritten NOI | Underwritten NCF | Underwritten | Underwritten | Underwritten | Underwritten | Underwritten | Underwritten | Underwritten | Ownership | Ground Lease | Ground Lease |
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Loan | ID | Property Name | Debt Yield(9)(12) | Debt Yield(9)(12) | Revenue($) | EGI($) | Expenses($) | NOI ($)(13) | Reserves($) | TI/LC($) | NCF ($) | Interest | Expiration(20) | Extension Terms(20) | Largest Tenant(22)(23)(24)(25)(26) | SF |
Loan | 1 | Century Plaza Towers(2)(33)(35) | 13.5% | 12.5% | 167,331,712 | 158,615,968 | 37,470,212 | 121,145,756 | 480,328 | 8,415,062 | 112,250,366 | Fee Simple |
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| Bank of America | 149,508 |
Loan | 2 | 180 Water(2)(33)(34)(35) | 11.0% | 10.9% | 32,826,742 | 30,028,135 | 14,955,048 | 15,073,087 | 117,355 |
| 14,955,732 | Fee Simple |
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| Citibank | 3,496 |
Loan | 3 | The Shoppes at Blackstone Valley(2)(35) | 9.0% | 8.6% | 20,054,088 | 19,047,577 | 4,228,958 | 14,818,619 | 68,703 | 666,997 | 14,082,919 | Fee Simple |
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| Target | 127,000 |
Loan | 4 | Weston Kentucky Portfolio | 12.3% | 11.4% | 8,261,325 | 7,829,482 | 1,931,595 | 5,897,886 | 280,011 | 174,172 | 5,443,704 | Fee Simple |
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Property | 4.01 | Westport Distribution Center |
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| Fee Simple |
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| Westport Axle Corporation | 231,000 |
Property | 4.02 | Bluegrass Corporate Center |
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| Fee Simple |
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| ABB EP Industrial Solutions | 37,000 |
Property | 4.03 | Jefferson Trade Center |
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| Fee Simple |
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| Hexagon Chemical | 18,700 |
Loan | 5 | 225 Bush(2)(33) | 13.4% | 12.9% | 44,006,816 | 41,830,321 | 14,566,655 | 27,263,666 | 115,997 | 869,981 | 26,277,688 | Fee Simple |
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| Twitch Interactive | 84,035 |
Loan | 6 | USAA Office Portfolio(2) | 9.8% | 9.7% | 32,829,436 | 31,543,524 | 7,885,881 | 23,657,643 | 176,298 |
| 23,481,345 | Fee Simple |
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Property | 6.01 | Legacy Corporate Centre I & II |
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| 9,256,484 | 8,793,660 | 2,198,415 | 6,595,245 | 47,785 |
| 6,547,460 | Fee Simple |
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| USAA | 238,926 |
Property | 6.02 | Crosstown Center I |
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| 9,350,565 | 8,883,037 | 2,220,759 | 6,662,278 | 52,174 |
| 6,610,104 | Fee Simple |
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| USAA | 260,869 |
Property | 6.03 | Crosstown Center II |
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| 8,692,763 | 8,475,444 | 2,118,861 | 6,356,583 | 47,310 |
| 6,309,273 | Fee Simple |
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| USAA | 236,550 |
Property | 6.04 | Legacy Corporate Centre III |
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| 5,529,624 | 5,391,383 | 1,347,846 | 4,043,538 | 29,029 |
| 4,014,509 | Fee Simple |
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| USAA | 145,145 |
Loan | 7 | PCI Pharma Portfolio(2) | 9.5% | 8.9% | 11,159,629 | 10,601,648 | 318,049 | 10,283,599 | 203,428 | 386,514 | 9,693,657 | Fee Simple |
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Property | 7.01 | 3001 Red Lion Road |
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| 4,971,878 | 4,723,284 | 141,699 | 4,581,586 | 67,050 | 127,395 | 4,387,141 | Fee Simple |
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| PCI Pharma | 447,000 |
Property | 7.02 | 4536 & 4545 Assembly Drive |
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| 3,590,085 | 3,410,581 | 102,317 | 3,308,263 | 115,260 | 218,994 | 2,974,009 | Fee Simple |
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| PCI Pharma | 768,400 |
Property | 7.03 | 6166 Nancy Ridge Drive |
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| 1,369,404 | 1,300,934 | 39,028 | 1,261,906 | 5,637 | 10,711 | 1,245,557 | Fee Simple |
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| PCI Pharma | 37,583 |
Property | 7.04 | 6146 Nancy Ridge Drive |
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| 903,040 | 857,888 | 25,737 | 832,151 | 3,718 | 7,064 | 821,370 | Fee Simple |
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| PCI Pharma | 24,785 |
Property | 7.05 | 1635 & 1639 New Milford School Road |
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| 325,223 | 308,962 | 9,269 | 299,693 | 11,763 | 22,350 | 265,580 | Fee Simple |
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| PCI Pharma | 78,420 |
Loan | 8 | Elston Retail Collection(2) | 8.9% | 8.8% | 8,762,869 | 8,557,400 | 2,317,867 | 6,239,532 | 26,806 | 60,786 | 6,151,940 | Fee Simple |
|
| Kohl’s | 128,234 |
Loan | 9 | 55 Green Street | 8.8% | 8.6% | 4,585,179 | 4,355,920 | 1,117,620 | 3,238,300 | 10,883 | 77,540 | 3,149,877 | Fee Simple |
|
| Getaround | 54,414 |
Loan | 10 | The Essex Site 2(2)(21)(33)(34) | 10.3% | 10.3% | 15,499,658 | 14,909,246 | 2,857,283 | 12,051,963 | 58,500 |
| 11,993,463 | Fee Simple |
|
| Regal Cinemas | 65,000 |
Loan | 11 | Legends at Village West(2) | 9.5% | 9.4% | 23,956,373 | 22,757,007 | 11,382,857 | 11,374,151 | 119,463 |
| 11,254,688 | Fee Simple |
|
| American Multi-Cinema, Inc. | 88,270 |
Loan | 12 | Midtown Center(2)(33) | 12.6% | 12.4% | 47,058,790 | 68,757,739 | 20,725,125 | 48,032,614 | 173,531 | 307,921 | 47,551,162 | Fee Simple |
|
| Fannie Mae | 713,500 |
Loan | 13 | Broadcasting Square(2) | 12.3% | 11.2% | 11,914,944 | 10,775,794 | 3,168,868 | 7,606,926 | 155,673 | 507,923 | 6,943,331 | Fee Simple |
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| Weis Markets, Inc. | 52,976 |
Loan | 14 | Westland Fair | 10.7% | 10.2% | 5,168,861 | 4,448,918 | 1,072,552 | 3,376,366 | 42,825 | 134,302 | 3,199,238 | Fee Simple |
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| Michael’s | 24,975 |
Loan | 15 | Cobb Place(2) | 10.8% | 10.3% | 6,005,975 | 5,711,389 | 1,385,911 | 4,325,478 | 70,390 | 149,132 | 4,105,956 | Fee Simple |
|
| American Signature Home | 50,000 |
Loan | 16 | Tri Pointe Plaza | 9.7% | 9.1% | 3,291,173 | 3,061,991 | 919,868 | 2,142,123 | 16,700 | 108,637 | 2,016,786 | Fee Simple |
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| Synovus Bank | 15,765 |
Loan | 17 | Villa Carlotta(35) | 8.1% | 8.0% | 3,116,796 | 2,871,861 | 1,219,320 | 1,652,541 | 13,000 |
| 1,639,541 | Fee Simple |
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| NAP | NAP |
Loan | 18 | Wind Creek Leased Fee(2) | 7.1% | 7.1% | 10,402,235 | 10,402,235 |
| 10,402,235 |
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| 10,402,235 | Fee Simple |
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| NAP | NAP |
Loan | 19 | BOA Building Tulsa | 12.5% | 11.0% | 4,673,128 | 4,364,826 | 2,101,104 | 2,263,722 | 74,836 | 186,093 | 2,002,794 | Fee Simple |
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| Laredo Petroleum, Inc | 94,582 |
Loan | 20 | Embassy Suites Laredo(35) | 14.1% | 12.3% | 7,184,592 | 8,304,939 | 5,766,915 | 2,538,023 | 332,198 |
| 2,205,826 | Fee Simple |
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| NAP | NAP |
Loan | 21 | Brookside Park Apartments | 8.5% | 8.3% | 2,950,788 | 3,039,118 | 1,542,415 | 1,496,703 | 50,250 |
| 1,446,453 | Fee Simple |
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| NAP | NAP |
Loan | 22 | Brentwood Town Center | 9.5% | 9.4% | 2,390,544 | 2,275,186 | 604,173 | 1,671,013 | 3,241 | 23,178 | 1,644,595 | Fee Simple |
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| Blatteis & Schnur | 2,115 |
Loan | 23 | Residence Inn Phoenix Chandler South | 12.1% | 11.0% | 4,910,933 | 5,105,186 | 2,983,900 | 2,121,286 | 204,207 |
| 1,917,078 | Fee Simple |
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| NAP | NAP |
Loan | 24 | Spectrum Apartments | 7.6% | 7.5% | 2,292,177 | 2,423,469 | 1,092,249 | 1,331,220 | 23,600 |
| 1,307,620 | Fee Simple |
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| NAP | NAP |
Loan | 25 | 874 Springfield | 9.7% | 9.0% | 2,548,182 | 2,420,773 | 720,233 | 1,700,540 | 14,738 | 109,359 | 1,576,443 | Fee Simple |
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| Springfield Foods Inc | 30,000 |
Loan | 26 | Keystone Crossing | 11.4% | 10.5% | 3,193,585 | 2,963,664 | 1,063,280 | 1,900,384 | 30,623 | 108,901 | 1,760,861 | Leasehold | 10/31/2067 | None | Salem University, LLC | 12,328 |
Loan | 27 | Townhomes at Highfield Commons | 8.7% | 8.5% | 2,088,360 | 2,087,340 | 649,988 | 1,437,352 | 24,000 |
| 1,413,352 | Fee Simple |
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| NAP | NAP |
Loan | 28 | Millennium Park Plaza(2) | 7.5% | 7.5% | 15,260,112 | 22,411,024 | 6,752,423 | 15,658,602 | 11,400 |
| 15,647,202 | Fee Simple |
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| CenturyLink, Inc. | 9,558 |
Loan | 29 | Claremont Apartments | 8.5% | 8.4% | 1,936,980 | 1,885,282 | 618,876 | 1,266,406 | 18,200 |
| 1,248,206 | Fee Simple |
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| NAP | NAP |
Loan | 30 | Ledges One | 8.6% | 8.4% | 1,838,664 | 1,866,201 | 624,437 | 1,241,764 | 17,293 |
| 1,224,472 | Fee Simple |
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| NAP | NAP |
Loan | 31 | North Attleboro Center | 13.9% | 12.8% | 2,819,532 | 2,617,532 | 679,512 | 1,938,020 | 36,116 | 117,768 | 1,784,137 | Fee Simple |
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| Christmas Tree Shops | 51,074 |
Loan | 32 | Hampton Inn Summerlin | 12.3% | 11.1% | 4,184,703 | 4,184,540 | 2,485,039 | 1,699,501 | 167,382 |
| 1,532,119 | Fee Simple |
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| NAP | NAP |
Loan | 33 | Home2 Suites Hanford Lemoore | 13.8% | 12.7% | 3,488,381 | 3,488,641 | 1,699,010 | 1,789,631 | 139,546 |
| 1,650,086 | Fee Simple |
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| NAP | NAP |
Loan | 34 | Young Innovations Portfolio | 10.3% | 10.0% | 1,238,279 | 1,176,365 | 35,291 | 1,141,074 | 31,860 |
| 1,109,214 | Fee Simple |
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Property | 34.01 | Young Innovations Earth City |
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| Young Innovations | 117,400 |
Property | 34.02 | Young Innovations Algonquin |
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| Young Innovations | 95,000 |
Loan | 35 | Oxy Lofts | 7.5% | 7.4% | 1,069,945 | 1,051,520 | 377,069 | 674,452 | 7,840 |
| 666,612 | Fee Simple |
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| NAP | NAP |
Loan | 36 | Bushwick Multifamily Portfolio | 7.5% | 7.4% | 754,800 | 739,390 | 99,222 | 640,169 | 8,448 |
| 631,721 | Fee Simple |
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Property | 36.01 | 682 Chauncey Street |
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| 333,600 | 339,250 | 35,860 | 303,390 | 3,390 |
| 300,000 | Fee Simple |
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| NAP | NAP |
Property | 36.02 | 1441 Bushwick Ave |
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| 208,500 | 198,075 | 30,998 | 167,077 | 2,562 |
| 164,515 | Fee Simple |
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| NAP | NAP |
Property | 36.03 | 22 Granite Street |
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| 212,700 | 202,065 | 32,364 | 169,701 | 2,496 |
| 167,205 | Fee Simple |
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| NAP | NAP |
Loan | 37 | Newpark Flats Apartments | 9.1% | 9.0% | 1,048,800 | 1,081,189 | 355,848 | 725,341 | 8,600 |
| 716,741 | Fee Simple |
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| NAP | NAP |
Loan | 38 | City Pointe Apartments & Townhomes | 9.7% | 9.4% | 1,168,458 | 1,223,314 | 522,499 | 700,815 | 22,400 |
| 678,415 | Fee Simple |
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| NAP | NAP |
Loan | 39 | Hub at Vista Palomar Park(35) | 10.2% | 9.9% | 1,131,538 | 1,074,961 | 341,983 | 732,978 | 5,530 | 13,768 | 713,681 | Fee Simple |
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| Carlsbad Ranch Market | 3,564 |
Loan | 40 | 152 South 4th Street | 7.1% | 7.1% | 481,320 | 469,280 | 59,835 | 409,445 | 2,272 |
| 407,173 | Fee Simple |
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| NAP | NAP |
Loan | 41 | 155 Meserole Street | 7.1% | 7.1% | 523,200 | 511,104 | 121,961 | 389,143 | 3,828 |
| 385,315 | Fee Simple |
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| NAP | NAP |
Loan | 42 | 119 Guernsey Street | 7.1% | 7.0% | 434,640 | 424,001 | 63,528 | 360,473 | 2,520 |
| 357,953 | Fee Simple |
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| NAP | NAP |
Loan | 43 | 273 Leonard Street | 7.3% | 7.3% | 427,200 | 414,384 | 47,366 | 367,018 | 1,764 |
| 365,254 | Fee Simple |
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| NAP | NAP |
A-1-6
COMM 2019-GC44
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
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Loan | ID | Property Name | Expiration(24) | 2nd Largest Tenant(24)(26) | SF | Expiration(24) | 3rd Largest Tenant(24) | SF | Expiration(24) | 4th Largest Tenant(24) | SF | Expiration(24) | 5th Largest Tenant(23)(24) | SF | Expiration(24) |
Loan | 1 | Century Plaza Towers(2)(33)(35) | 09/30/2029 | Manatt Phelps | 116,366 | 04/30/2035 | JPMorgan | 97,726 | 08/31/2021 | Kirkland & Ellis | 85,664 | 12/31/2034 | Greenberg Glusker | 83,199 | 02/28/2035 |
Loan | 2 | 180 Water(2)(33)(34)(35) | 04/30/2029 | 180 Water Donuts LLC | 750 | 08/31/2029 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 3 | The Shoppes at Blackstone Valley(2)(35) | 01/31/2029 | Kohl’s | 87,141 | 02/03/2024 | Cinema de Lux | 72,000 | 06/30/2024 | Dick’s Sporting Goods | 54,159 | 01/31/2024 | Marshalls | 42,000 | 05/31/2024 |
Loan | 4 | Weston Kentucky Portfolio |
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Property | 4.01 | Westport Distribution Center | 05/31/2020 | Dana Driveshaft Manufacturing, LLC | 156,170 | 02/28/2026 | Conagra Foods | 128,990 | 12/31/2019 | Dakkota Integrated Systems, LLC | 74,000 | 10/31/2020 | Grindmaster Corporation | 37,500 | 07/31/2021 |
Property | 4.02 | Bluegrass Corporate Center | 07/31/2022 | Vision Dynamics LLC | 28,000 | 03/31/2025 | Logicmark LLC | 15,000 | 08/31/2020 | Kentucky Farm Bureau | 14,184 | 10/31/2022 | Revolution Church of KY | 10,416 | 12/31/2022 |
Property | 4.03 | Jefferson Trade Center | 06/30/2022 | DC Ventures | 17,000 | 03/31/2021 | Fastenal Company | 16,000 | 05/31/2023 | Ladder Now, LLC | 15,000 | 07/31/2021 | Eventualities | 13,600 | 12/31/2020 |
Loan | 5 | 225 Bush(2)(33) | 08/18/2021 | LiveRamp, Inc | 76,724 | 05/04/2022 | Benefit Cosmetics, LLC | 61,917 | 08/31/2020 | Handshake | 52,735 | 07/30/2027 | SunRun | 43,850 | 05/31/2024 |
Loan | 6 | USAA Office Portfolio(2) |
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Property | 6.01 | Legacy Corporate Centre I & II | 12/31/2029 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 6.02 | Crosstown Center I | 08/31/2030 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 6.03 | Crosstown Center II | 12/31/2033 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 6.04 | Legacy Corporate Centre III | 10/31/2033 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 7 | PCI Pharma Portfolio(2) |
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Property | 7.01 | 3001 Red Lion Road | 10/31/2039 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 7.02 | 4536 & 4545 Assembly Drive | 10/31/2039 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 7.03 | 6166 Nancy Ridge Drive | 10/31/2039 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 7.04 | 6146 Nancy Ridge Drive | 10/31/2039 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 7.05 | 1635 & 1639 New Milford School Road | 10/31/2039 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 8 | Elston Retail Collection(2) | 05/31/2030 | Best Buy | 45,720 | 01/31/2026 | BMO Harris Bank | 4,750 | 08/31/2025 | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 9 | 55 Green Street | 06/30/2029 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 10 | The Essex Site 2(2)(21)(33)(34) | 03/31/2039 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 11 | Legends at Village West(2) | 08/31/2028 | Dave & Busters | 46,953 | 11/30/2022 | TJ Maxx | 29,956 | 10/31/2020 | H&M | 25,025 | 01/31/2028 | Off Broadway Shoes | 21,554 | 01/31/2026 |
Loan | 12 | Midtown Center(2)(33) | 09/30/2033 | WeWork | 109,943 | 11/30/2036 | Philotimo Hospitality Group LLC | 12,319 | 03/31/2030 | Shoto / Akedo | 11,616 | 12/31/2029 | Dauphine | 6,465 | 05/31/2029 |
Loan | 13 | Broadcasting Square(2) | 09/30/2025 | Dick’s Sporting Goods | 45,101 | 01/31/2021 | Bed Bath & Beyond | 30,066 | 01/31/2021 | Marmaxx Corp. | 30,000 | 01/31/2023 | Ross | 29,828 | 01/31/2022 |
Loan | 14 | Westland Fair | 02/28/2021 | PetSmart | 24,880 | 04/30/2025 | Smart and Final | 21,000 | 12/31/2020 | Skechers Outlet | 15,000 | 06/30/2026 | Office Depot | 14,990 | 06/30/2024 |
Loan | 15 | Cobb Place(2) | 01/31/2024 | Ashley Furniture | 42,871 | 04/14/2022 | DSW Shoes | 36,899 | 01/31/2024 | Bed Bath & Beyond | 35,096 | 01/31/2024 | Hobbytown USA | 30,277 | 12/31/2028 |
Loan | 16 | Tri Pointe Plaza | 01/31/2029 | Eddie V’s Holdings | 10,895 | 04/30/2028 | Benchmark International | 10,176 | 05/31/2020 | BNY Mellon, NA | 7,269 | 06/30/2024 | Body Sculpt of Tampa, LLC | 5,460 | 05/31/2023 |
Loan | 17 | Villa Carlotta(35) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 18 | Wind Creek Leased Fee(2) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 19 | BOA Building Tulsa | 01/31/2023 | The Summit Corporation | 31,430 | 12/31/2029 | Bank of America, National Association | 18,888 | 04/30/2024 | Petroflow Energy Corporation | 10,357 | 12/31/2019 | Olifant Energy L.L.C. | 10,357 | 09/30/2020 |
Loan | 20 | Embassy Suites Laredo(35) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 21 | Brookside Park Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 22 | Brentwood Town Center | 06/01/2025 | Le Pain Quotidien | 1,527 | 02/29/2024 | CosBar | 1,474 | 03/31/2027 | Bar Method | 1,320 | 07/31/2020 | Paige | 1,188 | 06/24/2027 |
Loan | 23 | Residence Inn Phoenix Chandler South | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 24 | Spectrum Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 25 | 874 Springfield | 09/30/2030 | Blink Irvington Inc | 12,000 | 05/31/2034 | Dollar Tree | 10,500 | 05/31/2024 | BK Springfield | 9,450 | 10/31/2023 | Valley Fair Laundry LLC | 5,200 | 05/31/2024 |
Loan | 26 | Keystone Crossing | 05/31/2027 | Sterling Jewelers, LLC | 9,193 | 01/31/2028 | Body Contour Centers | 9,160 | 05/31/2028 | General Services Administration | 8,600 | 10/31/2020 | Fidelity Real Estate Company/CBRE | 7,730 | 12/31/2022 |
Loan | 27 | Townhomes at Highfield Commons | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 28 | Millennium Park Plaza(2) | 09/30/2023 | Broadwing Communications | 6,000 | 01/27/2020 | Nandos of Michigan Ave LLC | 4,055 | 10/31/2032 | Angelini Ori Abate Law | 3,900 | 11/30/2025 | Ferrero USA Inc | 2,785 | 05/31/2027 |
Loan | 29 | Claremont Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 30 | Ledges One | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 31 | North Attleboro Center | 08/31/2028 | Altitude Trampoline | 30,100 | 09/30/2028 | Planet Fitness | 16,900 | 05/31/2028 | Guitar Center | 16,800 | 05/31/2028 | David’s Bridal | 11,700 | 12/31/2021 |
Loan | 32 | Hampton Inn Summerlin | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 33 | Home2 Suites Hanford Lemoore | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 34 | Young Innovations Portfolio |
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Property | 34.01 | Young Innovations Earth City | 08/31/2039 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 34.02 | Young Innovations Algonquin | 08/31/2039 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 35 | Oxy Lofts | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 36 | Bushwick Multifamily Portfolio |
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Property | 36.01 | 682 Chauncey Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 36.02 | 1441 Bushwick Ave | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 36.03 | 22 Granite Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 37 | Newpark Flats Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 38 | City Pointe Apartments & Townhomes | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 39 | Hub at Vista Palomar Park(35) | 06/22/2027 | Wells Fargo | 3,250 | 10/31/2020 | My Gym | 2,800 | 04/30/2024 | Cat & Craft | 2,484 | 08/31/2023 | Reform Yoga | 2,361 | 02/28/2023 |
Loan | 40 | 152 South 4th Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 41 | 155 Meserole Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 42 | 119 Guernsey Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 43 | 273 Leonard Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
A-1-7
COMM 2019-GC44
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
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| Upfront | Monthly | Upfront | Monthly | Upfront |
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| Occupancy | Replacement | Replacement | TI/LC | TI/LC | Tax |
Loan | ID | Property Name | Occupancy(4)(21)(26) | As-of Date | Reserves($)(28) | Reserves ($)(29)(31) | Reserves ($)(28) | Reserves ($)(29)(30) | Reserves ($)(28) |
Loan | 1 | Century Plaza Towers(2)(33)(35) | 92.9% | 10/01/2019 |
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Loan | 2 | 180 Water(2)(33)(34)(35) | 97.0% | 10/17/2019 |
| 11,936 | 333,406 |
| 2,830,078 |
Loan | 3 | The Shoppes at Blackstone Valley(2)(35) | 96.3% | 10/31/2019 |
| 13,118 |
| 114,781 |
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Loan | 4 | Weston Kentucky Portfolio | 97.8% | 10/31/2019 |
| 23,334 | 1,000,000 | Springing |
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Property | 4.01 | Westport Distribution Center | 100.0% | 10/31/2019 |
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Property | 4.02 | Bluegrass Corporate Center | 94.2% | 10/31/2019 |
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Property | 4.03 | Jefferson Trade Center | 97.5% | 10/31/2019 |
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Loan | 5 | 225 Bush(2)(33) | 97.8% | 09/30/2019 |
| 9,666 |
| 96,665 | 3,012,292 |
Loan | 6 | USAA Office Portfolio(2) | 100.0% | 11/06/2019 |
| Springing |
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Property | 6.01 | Legacy Corporate Centre I & II | 100.0% | 11/06/2019 |
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Property | 6.02 | Crosstown Center I | 100.0% | 11/06/2019 |
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Property | 6.03 | Crosstown Center II | 100.0% | 11/06/2019 |
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Property | 6.04 | Legacy Corporate Centre III | 100.0% | 11/06/2019 |
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Loan | 7 | PCI Pharma Portfolio(2) | 100.0% | 11/01/2019 |
| Springing |
| Springing |
|
Property | 7.01 | 3001 Red Lion Road | 100.0% | 11/01/2019 |
|
|
|
|
|
Property | 7.02 | 4536 & 4545 Assembly Drive | 100.0% | 11/01/2019 |
|
|
|
|
|
Property | 7.03 | 6166 Nancy Ridge Drive | 100.0% | 11/01/2019 |
|
|
|
|
|
Property | 7.04 | 6146 Nancy Ridge Drive | 100.0% | 11/01/2019 |
|
|
|
|
|
Property | 7.05 | 1635 & 1639 New Milford School Road | 100.0% | 11/01/2019 |
|
|
|
|
|
Loan | 8 | Elston Retail Collection(2) | 100.0% | 08/31/2019 |
| 2,234 |
| 5,065 |
|
Loan | 9 | 55 Green Street | 100.0% | 11/01/2019 |
| 6,805 |
|
| 58,299 |
Loan | 10 | The Essex Site 2(2)(21)(33)(34) | 100.0% | 09/10/2019 | 4,875 | 5,415 |
|
| 311,439 |
Loan | 11 | Legends at Village West(2) | 92.1% | 09/15/2019 |
| 9,955 | 10,000,000 | Springing | 3,569,900 |
Loan | 12 | Midtown Center(2)(33) | 99.7% | 08/31/2019 |
| Springing |
| Springing |
|
Loan | 13 | Broadcasting Square(2) | 93.8% | 09/27/2019 |
| 12,561 |
| 28,548 | 551,285 |
Loan | 14 | Westland Fair | 93.3% | 07/01/2019 |
| 3,569 | 500,000 | Springing | 83,851 |
Loan | 15 | Cobb Place(2) | 94.7% | 10/01/2019 |
| 5,866 | 500,000 | 20,833 | 107,436 |
Loan | 16 | Tri Pointe Plaza | 100.0% | 09/09/2019 |
| 1,183 |
| 9,076 | 183,789 |
Loan | 17 | Villa Carlotta(35) | 90.4% | 10/22/2019 |
| 1,083 |
|
| 80,502 |
Loan | 18 | Wind Creek Leased Fee(2) | NAP | NAP |
| Springing |
| Springing |
|
Loan | 19 | BOA Building Tulsa | 93.1% | 11/01/2019 | 250,000 | 5,936 | 500,000 | 17,682 | 123,770 |
Loan | 20 | Embassy Suites Laredo(35) | 89.4% | 08/31/2019 |
| Greater of (i) (x) from November 2019 to October 2020, 2.0%, (y) from November 2020 to October 2021, 3.0% and (z) from November 2021 and thereafter, 4.0% of the projected Gross Revenue for the Property for the prior month, (ii) the then-current amount required by the Management Agreement and (iii) the then-current amount required by the Franchise Agreement for Approved Capital Expenditures and the repair and replacement of the FF&E. |
|
| 169,170 |
Loan | 21 | Brookside Park Apartments | 93.0% | 09/30/2019 | 298,564 | 4,188 |
|
| 68,231 |
Loan | 22 | Brentwood Town Center | 95.1% | 08/01/2019 |
| 270 | 200,000 | Springing | 34,794 |
Loan | 23 | Residence Inn Phoenix Chandler South | 69.7% | 09/30/2019 |
| 17,017 |
|
| 37,895 |
Loan | 24 | Spectrum Apartments | 95.8% | 10/04/2019 |
| 2,458 |
|
| 69,458 |
Loan | 25 | 874 Springfield | 99.4% | 08/28/2019 |
| 1,228 |
| 8,188 | 38,825 |
Loan | 26 | Keystone Crossing | 90.9% | 10/03/2019 |
| 2,454 |
| 9,815 |
|
Loan | 27 | Townhomes at Highfield Commons | 96.9% | 10/24/2019 |
| 2,000 |
|
|
|
Loan | 28 | Millennium Park Plaza(2) | 99.2% | 05/31/2019 | 1,000,000 | Springing |
| Springing |
|
Loan | 29 | Claremont Apartments | 100.0% | 09/20/2019 |
| 1,517 |
|
| 29,565 |
Loan | 30 | Ledges One | 99.0% | 10/22/2019 |
| 1,717 |
|
| 234,592 |
Loan | 31 | North Attleboro Center | 93.6% | 06/30/2019 |
| 3,010 | 50,000 | 9,814 | 105,374 |
Loan | 32 | Hampton Inn Summerlin | 78.1% | 08/31/2019 |
| 13,949 |
|
| 39,656 |
Loan | 33 | Home2 Suites Hanford Lemoore | 80.1% | 08/31/2019 |
| 11,629 |
|
| 90,602 |
Loan | 34 | Young Innovations Portfolio | 100.0% | 12/06/2019 |
| Springing |
| Springing |
|
Property | 34.01 | Young Innovations Earth City | 100.0% | 12/06/2019 |
|
|
|
|
|
Property | 34.02 | Young Innovations Algonquin | 100.0% | 12/06/2019 |
|
|
|
|
|
Loan | 35 | Oxy Lofts | 90.6% | 10/28/2019 |
| 667 |
|
| 20,407 |
Loan | 36 | Bushwick Multifamily Portfolio | 100.0% | Various | 704 | 704 |
|
| 7,724 |
Property | 36.01 | 682 Chauncey Street | 100.0% | 10/01/2019 |
|
|
|
|
|
Property | 36.02 | 1441 Bushwick Ave | 100.0% | 09/01/2019 |
|
|
|
|
|
Property | 36.03 | 22 Granite Street | 100.0% | 09/01/2019 |
|
|
|
|
|
Loan | 37 | Newpark Flats Apartments | 95.3% | 09/30/2019 |
| 717 |
|
| 5,166 |
Loan | 38 | City Pointe Apartments & Townhomes | 92.0% | 10/18/2019 |
| 1,867 |
|
| 4,568 |
Loan | 39 | Hub at Vista Palomar Park(35) | 100.0% | 08/01/2019 |
| 460 | 125,000 | Springing | 15,551 |
Loan | 40 | 152 South 4th Street | 100.0% | 09/27/2019 |
| 133 |
|
| 8,990 |
Loan | 41 | 155 Meserole Street | 100.0% | 09/27/2019 |
| 200 |
|
| 29,559 |
Loan | 42 | 119 Guernsey Street | 100.0% | 09/27/2019 |
| 133 |
|
| 8,588 |
Loan | 43 | 273 Leonard Street | 100.0% | 09/27/2019 |
| 117 |
|
| 3,221 |
A-1-8
COMM 2019-GC44
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
|
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|
| Monthly | Upfront | Monthly | Upfront | Upfront | Monthly | Other | Environmental |
|
|
|
| Tax | Insurance | Insurance | Engineering | Other | Other | Reserves | Report | Engineering |
Loan | ID | Property Name | Reserves ($)(29) | Reserves($)(28) | Reserves ($)(29) | Reserve($)(28) | Reserves ($)(28) | Reserves ($)(29) | Description | Date(32) | Report Date |
Loan | 1 | Century Plaza Towers(2)(33)(35) | Springing |
| Springing |
| 100,769,680 |
| Outstanding TI/LC Reserve (Upfront: 71,223,945.39); Free Rent Funds (Upfront: 29,545,734.88) | 10/15/2019 | 10/11/2019 |
Loan | 2 | 180 Water(2)(33)(34)(35) | 739,930 | 100,505 | 82,813 |
| 4,100,046 | Springing | Conversion Reserve (Upfront: 1,808,900); Operating Shortfall Reserve (Upfront: 1,200,000); Prepaid Rent Reserve (Upfront: 891,145.89; Monthly: Springing); Shortfall Reserve (Upfront: 200,000) | 09/30/2019 | 09/27/2019 |
Loan | 3 | The Shoppes at Blackstone Valley(2)(35) | Springing |
| Springing |
| 806,129 |
| Unfunded Obligations Reserve | 10/04/2019 | 09/30/2019 |
Loan | 4 | Weston Kentucky Portfolio | Springing |
| Springing |
| 5,166,085 |
| Earnout Reserve (Upfront: 4,840,000); Unfunded Obligations Reserve (Upfront: 326,084.66) | Various | 09/13/2019 |
Property | 4.01 | Westport Distribution Center |
|
|
|
|
|
|
| 09/13/2019 | 09/13/2019 |
Property | 4.02 | Bluegrass Corporate Center |
|
|
|
|
|
|
| 09/13/2019 | 09/13/2019 |
Property | 4.03 | Jefferson Trade Center |
|
|
|
|
|
|
| 09/18/2019 | 09/13/2019 |
Loan | 5 | 225 Bush(2)(33) | 376,536 | 838,031 | 119,719 |
| 4,983,228 |
| Outstanding TI/LC Reserve (Upfront: 4,097,105.82); Rent Concession Reserve (Upfront: 886,121.68) | 08/15/2019 | 08/12/2019 |
Loan | 6 | USAA Office Portfolio(2) | Springing |
| Springing |
|
|
|
| 06/21/2019 | Various |
Property | 6.01 | Legacy Corporate Centre I & II |
|
|
|
|
|
|
| 06/21/2019 | 06/24/2019 |
Property | 6.02 | Crosstown Center I |
|
|
|
|
|
|
| 06/21/2019 | 06/19/2019 |
Property | 6.03 | Crosstown Center II |
|
|
|
|
|
|
| 06/21/2019 | 06/19/2019 |
Property | 6.04 | Legacy Corporate Centre III |
|
|
|
|
|
|
| 06/21/2019 | 06/21/2019 |
Loan | 7 | PCI Pharma Portfolio(2) | Springing |
| Springing |
|
|
|
| Various | Various |
Property | 7.01 | 3001 Red Lion Road |
|
|
|
|
|
|
| 06/06/2019 | 10/15/2019 |
Property | 7.02 | 4536 & 4545 Assembly Drive |
|
|
|
|
|
|
| 06/06/2019 | 10/15/2019 |
Property | 7.03 | 6166 Nancy Ridge Drive |
|
|
|
|
|
|
| 08/21/2019 | 08/21/2019 |
Property | 7.04 | 6146 Nancy Ridge Drive |
|
|
|
|
|
|
| 08/21/2019 | 08/21/2019 |
Property | 7.05 | 1635 & 1639 New Milford School Road |
|
|
|
|
|
|
| 06/06/2019 | 10/15/2019 |
Loan | 8 | Elston Retail Collection(2) | Springing |
| Springing | 78,950 |
|
|
| 10/04/2019 | 10/02/2019 |
Loan | 9 | 55 Green Street | 29,150 |
| Springing |
|
|
|
| 08/15/2019 | 08/15/2019 |
Loan | 10 | The Essex Site 2(2)(21)(33)(34) | 62,288 |
| Springing |
|
|
|
| 08/27/2019 | 08/27/2019 |
Loan | 11 | Legends at Village West(2) | 594,983 |
| Springing | 227,700 |
|
|
| 10/03/2019 | 10/03/2019 |
Loan | 12 | Midtown Center(2)(33) | Springing |
| Springing |
| 32,330,342 |
| Existing TI/LC Obligations Reserve (Upfront: 31,164,158.86); Rent Concession Reserve (Upfront: 1,166,183.54) | 09/09/2019 | 09/09/2019 |
Loan | 13 | Broadcasting Square(2) | 137,821 |
| Springing | 5,000 |
|
|
| 09/23/2019 | 09/23/2019 |
Loan | 14 | Westland Fair | 14,161 | 14,919 | 7,459 | 6,600 | 35,000 |
| Unfunded Obligations Reserve | 09/23/2019 | 09/20/2019 |
Loan | 15 | Cobb Place(2) | 53,718 | 13,234 | 6,617 | 32,588 | 291,231 |
| Unfunded Obligations Reserve | 08/26/2019 | 08/26/2019 |
Loan | 16 | Tri Pointe Plaza | 20,421 |
| Springing |
|
|
|
| 08/01/2019 | 08/01/2019 |
Loan | 17 | Villa Carlotta(35) | 16,480 | 11,095 | 2,774 |
|
|
|
| 10/17/2019 | 10/17/2019 |
Loan | 18 | Wind Creek Leased Fee(2) | Springing |
| Springing |
| 1,365,880 | Springing | Debt Service Reserve (Upfront: 1,365,879.90); Lease Sweep Funds (Monthly Springing: Excess Cash Flow) | 07/17/2019 | NAP |
Loan | 19 | BOA Building Tulsa | 20,628 | 27,769 | 4,628 |
| 513,125 |
| Concessions Reserve Funds (Upfront: 443,215); Free Rent Reserve (Upfront: 69,910) | 03/22/2019 | 03/13/2019 |
Loan | 20 | Embassy Suites Laredo(35) | 18,797 |
| Springing | 73,700 | 4,550,000 |
| PIP Reserve | 09/12/2019 | 07/15/2019 |
Loan | 21 | Brookside Park Apartments | 34,115 | 79,475 | 8,831 | 3,125 | 180,024 |
| Debt Service Reserve (Upfront: 101,899.15); Radon Remediation Reserve (Upfront: 78,125) | 10/16/2019 | 10/16/2019 |
Loan | 22 | Brentwood Town Center | 17,397 |
| Springing |
| 126,412 |
| Unfunded Obligations Reserve | 10/17/2019 | 10/15/2019 |
Loan | 23 | Residence Inn Phoenix Chandler South | 18,947 |
| Springing |
|
|
|
| 08/26/2019 | 08/26/2019 |
Loan | 24 | Spectrum Apartments | 34,729 | 20,897 | 5,224 |
|
|
|
| 10/18/2019 | 10/16/2019 |
Loan | 25 | 874 Springfield | 38,825 |
| Springing |
|
|
|
| 09/06/2019 | 09/24/2019 |
Loan | 26 | Keystone Crossing | 28,756 |
| Springing | 20,449 | 870,480 | 9,000 | Unfunded Obligations Reserve (Upfront: 816,479.94); Ground Rent Reserve (Upfront: 54,000; Monthly: 9,000) | 07/31/2019 | 07/30/2019 |
Loan | 27 | Townhomes at Highfield Commons | 33,943 | 5,958 | 2,979 |
|
|
|
| 09/27/2019 | 09/27/2019 |
Loan | 28 | Millennium Park Plaza(2) | Springing |
| Springing |
| 77,030 |
| Unfunded Obligations Reserve | 06/11/2019 | 06/12/2019 |
Loan | 29 | Claremont Apartments | 14,783 |
| Springing |
|
|
|
| 09/18/2019 | 09/18/2019 |
Loan | 30 | Ledges One | 18,587 |
| Springing |
|
|
|
| 09/19/2019 | 09/19/2019 |
Loan | 31 | North Attleboro Center | 26,684 | 24,242 | Springing |
|
|
|
| 09/05/2019 | 09/06/2019 |
Loan | 32 | Hampton Inn Summerlin | 6,609 | 5,182 | 2,591 |
| 1,921,340 |
| PIP Reserve | 09/10/2019 | 09/10/2019 |
Loan | 33 | Home2 Suites Hanford Lemoore | 11,325 | 17,125 | 1,903 |
|
|
|
| 09/03/2019 | 09/03/2019 |
Loan | 34 | Young Innovations Portfolio | Springing |
| Springing |
|
|
|
| Various | Various |
Property | 34.01 | Young Innovations Earth City |
|
|
|
|
|
|
| 08/27/2019 | 08/27/2019 |
Property | 34.02 | Young Innovations Algonquin |
|
|
|
|
|
|
| 08/28/2019 | 08/26/2019 |
Loan | 35 | Oxy Lofts | 10,203 |
| Springing | 16,830 |
|
|
| 10/01/2019 | 10/01/2019 |
Loan | 36 | Bushwick Multifamily Portfolio | 1,287 | 2,910 | 1,455 |
|
|
|
| 09/03/2019 | 09/03/2019 |
Property | 36.01 | 682 Chauncey Street |
|
|
|
|
|
|
| 09/03/2019 | 09/03/2019 |
Property | 36.02 | 1441 Bushwick Ave |
|
|
|
|
|
|
| 09/03/2019 | 09/03/2019 |
Property | 36.03 | 22 Granite Street |
|
|
|
|
|
|
| 09/03/2019 | 09/03/2019 |
Loan | 37 | Newpark Flats Apartments | 5,166 | 1,591 | 799 |
|
|
|
| 10/01/2019 | 09/30/2019 |
Loan | 38 | City Pointe Apartments & Townhomes | 4,568 | 22,787 | 2,715 | 15,625 |
|
|
| 09/16/2019 | 09/18/2019 |
Loan | 39 | Hub at Vista Palomar Park(35) | 7,776 |
| Springing |
|
|
|
| 09/20/2019 | 09/20/2019 |
Loan | 40 | 152 South 4th Street | 1,798 | 2,606 | 237 | 1,250 |
|
|
| 09/06/2019 | 09/06/2019 |
Loan | 41 | 155 Meserole Street | 5,912 | 5,005 | 385 | 3,063 |
|
|
| 09/06/2019 | 09/06/2019 |
Loan | 42 | 119 Guernsey Street | 1,718 | 3,850 | 385 | 7,250 |
|
|
| 09/06/2019 | 09/06/2019 |
Loan | 43 | 273 Leonard Street | 644 | 4,151 | 377 | 3,500 |
|
|
| 09/06/2019 | 09/06/2019 |
A-1-9
COMM 2019-GC44
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
|
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| Franchise |
|
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| Expiration | Loan |
|
Loan | ID | Property Name | PML/SEL (%) | Date | Purpose | Sponsor(27) |
Loan | 1 | Century Plaza Towers(2)(33)(35) | 18.0% | NAP | Refinance | SPF JVP LLC; Luminance Acquisition Venture LLC |
Loan | 2 | 180 Water(2)(33)(34)(35) | NAP | NAP | Refinance | Nathan Berman |
Loan | 3 | The Shoppes at Blackstone Valley(2)(35) | NAP | NAP | Refinance | Stephen R. Weiner; Adam J. Weiner; Jeremy M. Sclar; Thomas J. DeSimone; Richard A. Marks; Raanan Katz; David Katz; Samantha Perry David; Eric Smookler; Daniel Preysman |
Loan | 4 | Weston Kentucky Portfolio | NAP |
| Refinance | Weston Inc. |
Property | 4.01 | Westport Distribution Center | NAP | NAP |
|
|
Property | 4.02 | Bluegrass Corporate Center | NAP | NAP |
|
|
Property | 4.03 | Jefferson Trade Center | NAP | NAP |
|
|
Loan | 5 | 225 Bush(2)(33) | 19.0% | NAP | Refinance | Kylli Inc. |
Loan | 6 | USAA Office Portfolio(2) | NAP |
| Acquisition | JDM Real Estate Funds, LLC |
Property | 6.01 | Legacy Corporate Centre I & II | NAP | NAP |
|
|
Property | 6.02 | Crosstown Center I | NAP | NAP |
|
|
Property | 6.03 | Crosstown Center II | NAP | NAP |
|
|
Property | 6.04 | Legacy Corporate Centre III | NAP | NAP |
|
|
Loan | 7 | PCI Pharma Portfolio(2) | Various |
| Acquisition | New Mountain Net Lease Corporation; New Mountain Net Lease Partners Corporation |
Property | 7.01 | 3001 Red Lion Road | NAP | NAP |
|
|
Property | 7.02 | 4536 & 4545 Assembly Drive | NAP | NAP |
|
|
Property | 7.03 | 6166 Nancy Ridge Drive | 6.0% | NAP |
|
|
Property | 7.04 | 6146 Nancy Ridge Drive | 12.0% | NAP |
|
|
Property | 7.05 | 1635 & 1639 New Milford School Road | NAP | NAP |
|
|
Loan | 8 | Elston Retail Collection(2) | NAP | NAP | Refinance | Warren H. Baker; Marc A. Kahan |
Loan | 9 | 55 Green Street | 15.0% | NAP | Refinance | David Sacks; Glenn A. Gilmore |
Loan | 10 | The Essex Site 2(2)(21)(33)(34) | NAP | NAP | Refinance | Taconic Development Capital LLC; L&M Development Partners Inc.; Donald Capoccia; Brandon Baron; Joseph Ferrara |
Loan | 11 | Legends at Village West(2) | NAP | NAP | 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. |
Loan | 12 | Midtown Center(2)(33) | NAP | NAP | Refinance | Carr Properties OC LLC |
Loan | 13 | Broadcasting Square(2) | NAP | NAP | Refinance | POA Trust U/I/T Louise B. Grass 9/14/1994; Martin L. Grass Irrevocable Trust |
Loan | 14 | Westland Fair | NAP | NAP | Acquisition | Kamyar Mateen; Tyler Mateen |
Loan | 15 | Cobb Place(2) | NAP | NAP | Acquisition | Blake R. Berg; Mark C. Ibanez; Samuel H. Heide |
Loan | 16 | Tri Pointe Plaza | NAP | NAP | Acquisition | Jeffrey J. Feil; Feil Properties L.L.C. |
Loan | 17 | Villa Carlotta(35) | 19.0% | NAP | Refinance | Gidi Cohen; Adrian Goldstein |
Loan | 18 | Wind Creek Leased Fee(2) | NAP | NAP | Recapitalization | Jeffrey Gural; Barry Gosin; James Kuhn; Michael Perrucci; Richard Fischbein |
Loan | 19 | BOA Building Tulsa | NAP | NAP | Refinance | Jacqueline E. Price Johannsen |
Loan | 20 | Embassy Suites Laredo(35) | NAP | 10/31/2034 | Acquisition | Russell Flicker; Jonathan Rosenfeld; Bernard Michael; Chad Cooley |
Loan | 21 | Brookside Park Apartments | NAP | NAP | Refinance | Alon Ossip; Ossip (2011) Trust; OSGA LP |
Loan | 22 | Brentwood Town Center | 10.0% | NAP | Refinance | Daniel J. Blatteis |
Loan | 23 | Residence Inn Phoenix Chandler South | NAP | 06/01/2038 | Refinance | Richard E. Huffman; Santo M. Catanese; Alana M. Mann; Thomas B. Nelson |
Loan | 24 | Spectrum Apartments | NAP | NAP | Refinance | Kent J. Roers; Brian J. Roers; Nicholas Walton |
Loan | 25 | 874 Springfield | NAP | NAP | Refinance | Ronnie Levy; Maurice Levy |
Loan | 26 | Keystone Crossing | NAP | NAP | Refinance | JMS Capital Group, LLC; John M. Schneider |
Loan | 27 | Townhomes at Highfield Commons | NAP | NAP | Refinance | Raymond B. Johnson III; Courtney Donaldson |
Loan | 28 | Millennium Park Plaza(2) | NAP | NAP | Refinance | Donal P. Barry, Sr. |
Loan | 29 | Claremont Apartments | NAP | NAP | Refinance | Thomas L. Bendheim |
Loan | 30 | Ledges One | NAP | NAP | Refinance | David M. Conwill; Steven B. Kimmelman; Leslie S.R. Leohr |
Loan | 31 | North Attleboro Center | NAP | NAP | Refinance | Jacob Wintner |
Loan | 32 | Hampton Inn Summerlin | NAP | 08/31/2033 | Acquisition | Rup Kumar Nagala; Vani Nagala |
Loan | 33 | Home2 Suites Hanford Lemoore | 5.0% | 03/31/2037 | Refinance | Jayantilal M. Patel |
Loan | 34 | Young Innovations Portfolio | NAP |
| Recapitalization | New Mountain Net Lease Corporation |
Property | 34.01 | Young Innovations Earth City | NAP | NAP |
|
|
Property | 34.02 | Young Innovations Algonquin | NAP | NAP |
|
|
Loan | 35 | Oxy Lofts | 9.0% | NAP | Refinance | Dario De Luca; Robert Colucci, Trustee of The Amended and Restated DPD Generational Trust dated 4/1/2004; Dario De Luca, Trustee of The Dario and Patricia De Luca Revocable Living Trust U/D/T 8/9/2000; Dario De Luca, Trustee of The DPD Ranch Trust dated 11/21/2008 |
Loan | 36 | Bushwick Multifamily Portfolio | NAP |
| Refinance | Avrohom Schlaff |
Property | 36.01 | 682 Chauncey Street | NAP | NAP |
|
|
Property | 36.02 | 1441 Bushwick Ave | NAP | NAP |
|
|
Property | 36.03 | 22 Granite Street | NAP | NAP |
|
|
Loan | 37 | Newpark Flats Apartments | 5.0% | NAP | Acquisition | Glenn L. Goldman |
Loan | 38 | City Pointe Apartments & Townhomes | NAP | NAP | Refinance | Alexander Olympus Zarris |
Loan | 39 | Hub at Vista Palomar Park(35) | 4.0% | NAP | Refinance | Steven Michael Bram |
Loan | 40 | 152 South 4th Street | NAP | NAP | Refinance | Shaindy Schwartz; Joel Schwartz |
Loan | 41 | 155 Meserole Street | NAP | NAP | Refinance | Shaindy Schwartz; Joel Schwartz |
Loan | 42 | 119 Guernsey Street | NAP | NAP | Refinance | Shaindy Schwartz; Joel Schwartz |
Loan | 43 | 273 Leonard Street | NAP | NAP | Refinance | Shaindy Schwartz; Joel Schwartz |
A-1-10
COMM 2019-GC44
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
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Loan | ID | Property Name | Guarantor(33) |
Loan | 1 | Century Plaza Towers(2)(33)(35) | NAP |
Loan | 2 | 180 Water(2)(33)(34)(35) | Nathan Berman |
Loan | 3 | The Shoppes at Blackstone Valley(2)(35) | SDM Holdings LLC; WV Holdings LLC; Raanan Katz |
Loan | 4 | Weston Kentucky Portfolio | Legacy Properties Group, Inc. |
Property | 4.01 | Westport Distribution Center |
|
Property | 4.02 | Bluegrass Corporate Center |
|
Property | 4.03 | Jefferson Trade Center |
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Loan | 5 | 225 Bush(2)(33) | Kylli Inc. |
Loan | 6 | USAA Office Portfolio(2) | JDM Real Estate Funds, LLC |
Property | 6.01 | Legacy Corporate Centre I & II |
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Property | 6.02 | Crosstown Center I |
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Property | 6.03 | Crosstown Center II |
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Property | 6.04 | Legacy Corporate Centre III |
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Loan | 7 | PCI Pharma Portfolio(2) | New Mountain Net Lease Corporation; New Mountain Net Lease Partners Corporation |
Property | 7.01 | 3001 Red Lion Road |
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Property | 7.02 | 4536 & 4545 Assembly Drive |
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Property | 7.03 | 6166 Nancy Ridge Drive |
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Property | 7.04 | 6146 Nancy Ridge Drive |
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Property | 7.05 | 1635 & 1639 New Milford School Road |
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Loan | 8 | Elston Retail Collection(2) | Warren H. Baker; Marc A. Kahan |
Loan | 9 | 55 Green Street | Sacks Realty LLC; Glenn A. Gilmore |
Loan | 10 | The Essex Site 2(2)(21)(33)(34) | Taconic Development Capital LLC; L&M Development Partners Inc.; Donald Capoccia; Brandon Baron; Joseph Ferrara |
Loan | 11 | Legends at Village West(2) | 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. |
Loan | 12 | Midtown Center(2)(33) | Carr Properties OC LLC |
Loan | 13 | Broadcasting Square(2) | POA Trust U/I/T Louise B. Grass 9/14/1994; Martin L. Grass Irrevocable Trust |
Loan | 14 | Westland Fair | Kamyar Mateen; Tyler Mateen |
Loan | 15 | Cobb Place(2) | WPCM Relative Value Fund I, LLC |
Loan | 16 | Tri Pointe Plaza | Jeffrey J.Feil |
Loan | 17 | Villa Carlotta(35) | Gidi Cohen; Adrian Goldstein |
Loan | 18 | Wind Creek Leased Fee(2) | Jeffrey Gural; Barry Gosin; James Kuhn; Michael Perrucci; Richard Fischbein |
Loan | 19 | BOA Building Tulsa | Jacqueline E. Price Johannsen |
Loan | 20 | Embassy Suites Laredo(35) | Russell Flicker; Jonathan Rosenfeld; Bernard Michael; Chad Cooley |
Loan | 21 | Brookside Park Apartments | Alon Ossip; Ossip (2011) Trust; OSGA LP |
Loan | 22 | Brentwood Town Center | Daniel J. Blatteis |
Loan | 23 | Residence Inn Phoenix Chandler South | Richard E. Huffman; Santo M. Catanese; Alana M. Mann; Thomas B. Nelson |
Loan | 24 | Spectrum Apartments | Kent J. Roers; Brian J. Roers; Nicholas Walton |
Loan | 25 | 874 Springfield | Ronnie Levy; Maurice Levy |
Loan | 26 | Keystone Crossing | JMS Capital Group, LLC; John M. Schneider |
Loan | 27 | Townhomes at Highfield Commons | Raymond B. Johnson III; Courtney Donaldson |
Loan | 28 | Millennium Park Plaza(2) | Donal P. Barry, Sr. |
Loan | 29 | Claremont Apartments | Thomas L. Bendheim |
Loan | 30 | Ledges One | David M. Conwill; Steven B. Kimmelman; Leslie S.R. Leohr |
Loan | 31 | North Attleboro Center | Jacob Wintner |
Loan | 32 | Hampton Inn Summerlin | Rup Kumar Nagala; Vani Nagala |
Loan | 33 | Home2 Suites Hanford Lemoore | Jayantilal M. Patel |
Loan | 34 | Young Innovations Portfolio | New Mountain Net Lease Corporation |
Property | 34.01 | Young Innovations Earth City |
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Property | 34.02 | Young Innovations Algonquin |
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Loan | 35 | Oxy Lofts | Dario De Luca; Robert Colucci, Trustee of The Amended and Restated DPD Generational Trust dated 4/1/2004; Dario De Luca, Trustee of The Dario and Patricia De Luca Revocable Living Trust U/D/T 8/9/2000; Dario De Luca, Trustee of The DPD Ranch Trust dated 11/21/2008 |
Loan | 36 | Bushwick Multifamily Portfolio | Avrohom Schlaff |
Property | 36.01 | 682 Chauncey Street |
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Property | 36.02 | 1441 Bushwick Ave |
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Property | 36.03 | 22 Granite Street |
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Loan | 37 | Newpark Flats Apartments | Glenn L. Goldman |
Loan | 38 | City Pointe Apartments & Townhomes | Alexander Olympus Zarris |
Loan | 39 | Hub at Vista Palomar Park(35) | Steven Michael Bram |
Loan | 40 | 152 South 4th Street | Shaindy Schwartz |
Loan | 41 | 155 Meserole Street | Shaindy Schwartz |
Loan | 42 | 119 Guernsey Street | Shaindy Schwartz |
Loan | 43 | 273 Leonard Street | Shaindy Schwartz |
A-1-11
COMM 2019-GC44
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
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| Existing |
| Future Debt |
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| Additional Sub Debt |
| Permitted |
Loan | ID | Property Name | Previous Securitization | Non-Trust Pari Passu Original Balance | Non-Trust Pari Passu Cut-off Date Balance | Non-Trust Pari Passu Balloon Balance | Amount | Existing Additional Sub Debt Description | Type |
Loan | 1 | Century Plaza Towers(2)(33)(35) | MSC 2014-CPT | 825,000,000 | 825,000,000 | 825,000,000 | 300,000,000 | B Note | Mezzanine |
Loan | 2 | 180 Water(2)(33)(34)(35) |
| 75,000,000 | 75,000,000 | 75,000,000 | 227,500,000 | $127,500,000 B Note; $100,000,000 Mezzanine | Mezzanine |
Loan | 3 | The Shoppes at Blackstone Valley(2)(35) |
| 109,000,000 | 109,000,000 | 91,412,282 |
| None | Mezzanine |
Loan | 4 | Weston Kentucky Portfolio |
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| None | NAP |
Property | 4.01 | Westport Distribution Center |
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Property | 4.02 | Bluegrass Corporate Center |
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Property | 4.03 | Jefferson Trade Center |
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Loan | 5 | 225 Bush(2)(33) | GSMS 2017-GS5 | 153,600,000 | 153,600,000 | 153,600,000 | 146,400,000 | B Note | NAP |
Loan | 6 | USAA Office Portfolio(2) |
| 197,400,000 | 197,400,000 | 197,400,000 |
| None | NAP |
Property | 6.01 | Legacy Corporate Centre I & II |
| 59,610,891 | 59,610,891 | 59,610,891 |
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Property | 6.02 | Crosstown Center I |
| 55,050,495 | 55,050,495 | 55,050,495 |
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Property | 6.03 | Crosstown Center II |
| 48,861,386 | 48,861,386 | 48,861,386 |
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Property | 6.04 | Legacy Corporate Centre III |
| 33,877,228 | 33,877,228 | 33,877,228 |
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Loan | 7 | PCI Pharma Portfolio(2) |
| 68,500,000 | 68,500,000 | 68,500,000 |
| None | NAP |
Property | 7.01 | 3001 Red Lion Road |
| 31,001,265 | 31,001,265 | 31,001,265 |
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Property | 7.02 | 4536 & 4545 Assembly Drive |
| 21,713,270 | 21,713,270 | 21,713,270 |
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Property | 7.03 | 6166 Nancy Ridge Drive |
| 8,173,436 | 8,173,436 | 8,173,436 |
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Property | 7.04 | 6146 Nancy Ridge Drive |
| 5,366,397 | 5,366,397 | 5,366,397 |
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Property | 7.05 | 1635 & 1639 New Milford School Road |
| 2,245,631 | 2,245,631 | 2,245,631 |
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Loan | 8 | Elston Retail Collection(2) | JPMCC 2012-CIBX | 30,000,000 | 29,938,639 | 21,298,164 |
| None | NAP |
Loan | 9 | 55 Green Street |
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| None | NAP |
Loan | 10 | The Essex Site 2(2)(21)(33)(34) |
| 81,900,000 | 81,900,000 | 81,900,000 | 98,000,000 | $58,000,000 B Notes; $40,000,000 Mezzanine | NAP |
Loan | 11 | Legends at Village West(2) |
| 85,000,000 | 84,874,444 | 76,962,902 |
| None | NAP |
Loan | 12 | Midtown Center(2)(33) |
| 349,475,000 | 349,475,000 | 349,475,000 | 143,000,000 | B Note | NAP |
Loan | 13 | Broadcasting Square(2) | MSBAM 2013-C8 | 30,000,000 | 30,000,000 | 30,000,000 |
| None | NAP |
Loan | 14 | Westland Fair |
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| None | NAP |
Loan | 15 | Cobb Place(2) | GSMS 2005-GG4 | 15,000,000 | 15,000,000 | 13,503,969 |
| None | NAP |
Loan | 16 | Tri Pointe Plaza |
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| None | NAP |
Loan | 17 | Villa Carlotta(35) |
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| None | Mezzanine |
Loan | 18 | Wind Creek Leased Fee(2) |
| 126,600,000 | 126,117,481 | 108,380,491 |
| None | NAP |
Loan | 19 | BOA Building Tulsa |
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| None | NAP |
Loan | 20 | Embassy Suites Laredo(35) |
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| None | Mezzanine |
Loan | 21 | Brookside Park Apartments |
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| None | NAP |
Loan | 22 | Brentwood Town Center |
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| None | NAP |
Loan | 23 | Residence Inn Phoenix Chandler South |
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| None | NAP |
Loan | 24 | Spectrum Apartments |
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| None | NAP |
Loan | 25 | 874 Springfield |
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| None | NAP |
Loan | 26 | Keystone Crossing | COMM 2010-C1 |
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| None | NAP |
Loan | 27 | Townhomes at Highfield Commons |
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| None | NAP |
Loan | 28 | Millennium Park Plaza(2) |
| 195,000,000 | 195,000,000 | 195,000,000 |
| None | NAP |
Loan | 29 | Claremont Apartments |
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| None | NAP |
Loan | 30 | Ledges One |
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| None | NAP |
Loan | 31 | North Attleboro Center |
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| None | NAP |
Loan | 32 | Hampton Inn Summerlin |
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| None | NAP |
Loan | 33 | Home2 Suites Hanford Lemoore |
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| None | NAP |
Loan | 34 | Young Innovations Portfolio |
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| None | NAP |
Property | 34.01 | Young Innovations Earth City |
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Property | 34.02 | Young Innovations Algonquin |
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Loan | 35 | Oxy Lofts | FREMF 2013-K713 |
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| None | NAP |
Loan | 36 | Bushwick Multifamily Portfolio |
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| None | NAP |
Property | 36.01 | 682 Chauncey Street |
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Property | 36.02 | 1441 Bushwick Ave | FRESB 2018-SB50 |
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Property | 36.03 | 22 Granite Street |
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Loan | 37 | Newpark Flats Apartments |
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| None | NAP |
Loan | 38 | City Pointe Apartments & Townhomes |
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| None | NAP |
Loan | 39 | Hub at Vista Palomar Park(35) | GSMS 2007-GG10 |
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| None | Mezzanine |
Loan | 40 | 152 South 4th Street | FRESB 2016-SB17 |
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| None | NAP |
Loan | 41 | 155 Meserole Street | FRESB 2016-SB17 |
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| None | NAP |
Loan | 42 | 119 Guernsey Street | FRESB 2016-SB17 |
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| None | NAP |
Loan | 43 | 273 Leonard Street | FRESB 2016-SB17 |
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| None | NAP |
A-1-12
COMM 2019-GC44 | |
FOOTNOTES TO ANNEX A-1 | |
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(1) | GACC—German American Capital Corporation or one of its affiliates; GSMC—Goldman Sachs Mortgage Company or one of its affiliates; CREFI—Citi Real Estate Funding Inc. or one of its affiliates. |
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(2) | With respect to the pari passu loans referenced below, the Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area (SF/Units/Rooms) ($) are calculated based on the Mortgage Loan included in the issuing entity and the related pari passu companion loans in the aggregate and exclude the mezzanine debt and, in the case of any loans structured with A/B Notes, the secured subordinate debt. For additional information see the table titled “Whole Loan Control Notes and Non-Control Notes” under “Description of the Mortgage Pool—The Whole Loans—General” in this Preliminary Prospectus. |
| Loan Number | Mortgage Loan Seller | Property Name | Cut-off Date Balance ($) | Non-Trust Pari Passu Cut-off Date Balance | Controlling Note | Governing PSA | |
| 1 | GACC | Century Plaza Towers | $75,000,000 | $825,000,000 | No | CPTS 2019-CPT | |
| 2 | GACC | 180 Water | $62,500,000 | $75,000,000 | Yes | COMM 2019-GC44 | |
| 3 | GSMC | The Shoppes at Blackstone Valley | $55,000,000 | $109,000,000 | Yes | COMM 2019-GC44 | |
| 5 | GACC | 225 Bush | $50,000,000 | $153,600,000 | No | Benchmark 2019-B14 | |
| 6 | GSMC | USAA Office Portfolio | $45,000,000 | $197,400,000 | No | CGCMT 2019-GC41 | |
| 7 | GSMC | PCI Pharma Portfolio | $40,000,000 | $68,500,000 | Yes | COMM 2019-GC44 | |
| 8 | CREFI | Elston Retail Collection | $39,918,185 | $29,938,639 | Yes | COMM 2019-GC44 | |
| 10 | GSMC | The Essex Site 2 | $35,100,000 | $81,900,000 | No | Benchmark 2019-B14 | |
| 11 | CREFI | Legends at Village West | $34,948,301 | $84,874,444 | No | Benchmark 2019-B13 | |
| 12 | GSMC | Midtown Center | $32,525,000 | $349,475,000 | No | DC Office Trust 2019-MTC | |
| 13 | CREFI | Broadcasting Square | $32,000,000 | $30,000,000 | Yes | COMM 2019-GC44 | |
| 15 | GSMC | Cobb Place | $25,000,000 | $15,000,000 | Yes | COMM 2019-GC44 | |
| 18 | GACC | Wind Creek Leased Fee | $19,923,773 | $126,117,481 | No | Benchmark 2019-B13 | |
| 28 | GSMC | Millennium Park Plaza | $15,000,000 | $195,000,000 | No | CGCMT 2019-GC41 |
(3) | With respect to any Mortgaged Property securing a multi-property Mortgage Loan, the amounts listed under the headings “Original Balance ($)” and “Cut-off Date Balance ($)” reflect the Allocated Loan Amount for such Mortgaged Property. |
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| ● Loan No. 6 – USAA Office Portfolio |
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| ● Loan No. 7 – PCI Pharma Portfolio |
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| ● Loan No. 34 – Young Innovations Portfolio |
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| ● Loan No. 36 – Bushwick Multifamily Portfolio |
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| Loan No. 4 – Weston Kentucky Portfolio – The amounts listed under the headings “Original Balance ($)” and “Cut off Date Balance ($)” for each Mortgaged Property are based upon the portfolio value allocations as stated in the appraisal. |
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(4) |
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| Office | Retail | Multifamily | ||||||
| Loan No. | Mortgage | NRA | NRA | Occ. | % of GPR | NRA | Occ. | % of GPR | Units | Occ. | % of GPR |
| Loan | (sq. ft.) | (sq. ft.) | (sq. ft. ) | ||||||||
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| 10 | The Essex Site 2 | 205,070 | NAP | NAP | NAP | 65,000 | 100.00% | 33.10% | 195 | 100.00% | 60.50% |
| 26 | Keystone Crossing(1) | 117,779 | 100,856 | 89.40% | 62.20% | 16,923 | 100.00% | 24.20% | NAP | NAP | NAP |
| 28 | Millennium Park Plaza(1) | 560,083 | 85,017 | 99.80% | 18.40% | 18,450 | 75.60% | 9.30% | 557 | 100.00% | 68.10% |
| (1) Office information includes telecom tenants. |
(5) | Loan No. 10 – The Essex Site 2 – in the event 40,000 sq. ft. of the Mortgaged Property is not used for a movie theater, the borrowers must provide notice of the inability to the New York City Economic Development Corporation (“NYCEDC”) documenting the commercially reasonable efforts made by the borrowers, over a period of not less than 12 months, to lease the space to a theater operator. In such event, the borrowers (following consultation with the NYCEDC) must (a) identify a party who will use the retail space in a manner reasonably acceptable to the NYCEDC and consistent with the overall objectives of the “retail mix” to be maintained within the project, and (b) develop (with the approval of NYCEDC) an alternate plan for the use of the space, subject to the following limitations: (i) retailers larger than 18,000 sq. ft. must be located above or below the ground floor level, (ii) retail spaces must not exceed 30,000 sq. ft. with the exception of the grocery store, fitness center and movie theater, (iii) not including the supermarket/grocery store, movie theater, bowling alley and fitness facilities, there must be no more than three retailers within the project larger than 18,000 sq. ft., and (iv) there must be at least 40 micro retail spaces within the project as a whole. |
A-1-13
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(6) | Loan No. 12 – Midtown Center – commencing on the anticipated repayment date, the interest rate increases to the greater of (a) 1.585% plus (i) 1.50% and (ii) 250 basis points or (b) the mid-market swap rate which swap has a maturity date with the closest approximation of the final maturity date as of the anticipated repayment date plus (i) 1.50% and (ii) 250 basis points. |
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(7) | The Administrative Cost Rate includes the respective per annum rates applicable to the calculation of the servicing fee, any sub-servicing fee, trustee/certificate administrator fee, operating advisor fee, and CREFC® license fee with respect to each Mortgage Loan. For purposes of this annex A-1, the definition of Administrative Fee Rate as it relates to any Non-Serviced Mortgage Loan includes the related Pari Passu Loan Primary Servicing Fee Rate which includes the “primary servicing fee rate” (as defined or set forth in the applicable pooling and servicing agreement) and any other related servicing or any sub-servicing fee rate (other than those payable to the applicable special servicer) applicable to such Non-Serviced Mortgage Loan that constitutes a portion of the “servicing fee rate” applicable to the other master servicer under the applicable other pooling and servicing agreement. See the table titled “Non-Serviced Whole Loans” under “Summary of Terms—Offered Certificates—Servicing and Administration Fees” in this Preliminary Prospectus. |
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(8) | Annual Debt Service ($), Monthly Debt Service ($), Underwritten NOI DSCR and Underwritten NCF DSCR for Mortgage Loans (i) except for loans with partial interest only periods are shown based on the monthly debt service payment immediately following the expiration of the interest only period and (ii) that are interest only until the related maturity date are shown based on the interest only payments during the 12 month period following the Cut off Date (or, in the case of Monthly Debt Service ($), the average of such interest only payments) without regard to leap year adjustments. |
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(9) | Loan No. 4 – Weston Kentucky Portfolio – The Original Balance ($) of $52,253,500 is inclusive of $4,400,000 in earnout proceeds, which the borrower reserved at origination along with a 10% yield maintenance amount totaling $440,000. Cut-off Date LTV Ratio, Underwritten NOI Debt Yield and Underwritten NCF Debt Yield are calculated excluding the $4,400,000 earnout. |
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(10) | “Hard” generally means each tenant is required to transfer its rent directly to the lender controlled lockbox account. However, with respect to hospitality properties, “Hard” means all credit card receipts are deposited directly into the lockbox by the card processing company and all over the-counter cash and equivalents are required to be deposited by the property manager or borrower into the lockbox. “Soft” means the borrower has established a lockbox account that will be under lender control and the borrower or property manager is required to collect rents from the tenants and then deposit those rents into such lockbox account. “Springing Soft” means that upon the occurrence of a trigger event (as specified in the related Mortgage Loan Documents), the borrower is required to establish a lockbox account that will be under lender control and the borrower or property manager is required to collect rents from the tenants and then deposit those rents into such lockbox account. “Springing Hard” means that upon a trigger event (as specified in the related Mortgage Loan Documents), each tenant will be required to transfer its rent directly to a lender controlled lockbox. “Soft Springing Hard” means the borrower has established a lockbox account that will be under lender control and the borrower or property manager is required to collect rents from the tenants and then deposit those rents into such lockbox account, but upon a trigger event (as specified in the related Mortgage Loan Documents), each tenant will be required to transfer its rent directly to a lender controlled lockbox. |
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| Loan No. 28 – Millennium Park Plaza – The related Mortgaged Property has a hard lockbox for commercial tenants and a soft lockbox for the residential tenants. |
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(11) | “In Place” means that related property cash flows go through a waterfall of required reserve or other payment amounts due before the lender either (i) disburses excess cash to the related borrower or (ii) retains excess cash as additional collateral for the Mortgage Loan. “Springing” means that upon the occurrence of a trigger event, as defined in the related Mortgage Loan Documents, In Place cash management (as described above) will take effect, and will generally continue until all trigger events are cured (to the extent a cure is permitted under the related Mortgage Loan Documents). |
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| Loan No. 2 – 180 Water– the 180 Water Whole Loan is in a cash sweep period as of the Cut-off Date. |
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(12) | With respect to the loans referenced below structured with A/B Notes, the Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio, LTV Ratio at Maturity, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area (SF/Units/Rooms) ($) calculations exclude the subordinate secured debt. |
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| ● Loan No. 1 – Century Plaza Towers |
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| ● Loan No. 2 – 180 Water |
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| ● Loan No. 5 – 225 Bush |
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| ● Loan No. 10 – The Essex Site 2 |
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| ● Loan No. 12 – Midtown Center |
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(13) | Loan No. 1 – Century Plaza Towers – The increase from Most Recent NOI ($) to Underwritten NOI ($) is primarily attributable to (i) $2,354,778 in straight line rent taken through the earlier of the loan term or the lease term for thirteen tenants, (ii) $3,269,254 of rent steps taken through October 2020 and (iii) new leasing that has been executed since September 2019, accounting for 20.6% of net rentable area and 24.6% of UW Gross Potential Revenue. |
A-1-14
| Loan No. 2 – 180 Water - The increase from Most Recent NOI ($) to Underwritten NOI ($) is primarily attributable to recent lease-up of the commercial units and burn-off of concessions. |
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| Loan No. 5 – 225 Bush - The increase from Most Recent NOI ($) to Underwritten NOI ($) is primarily attributable to new leases being signed at market rent. |
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| Loan No. 22 – Brentwood Town Center – The Underwritten NOI ($) is over 10% higher than Most Recent NOI ($). The increase in Underwritten NOI ($) over historical period is primarily attributable to (i) $70,395 of rent steps taken through November 2020 and (ii) new leasing that has been executed since 2018, accounting for 21% of net rentable area and 13% of underwritten base rent. |
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| Loan No. 25 – 874 Springfield – The increase from Most Recent NOI ($) to Underwritten NOI ($) is primarily attributable to Blink Irvington Inc signing a new 15-year lease, expiring in May 2034 and accounting for $280,000 of underwritten base rent. |
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| Loan No. 26 – Keystone Crossing – The Underwritten NOI ($) is over 10% higher than Most Recent NOI ($). The increase in Underwritten NOI ($) over historical period is primarily driven by the recent lease-up of previously vacant office suites. |
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| Loan No. 29 – Claremont Apartments – The Underwritten NOI ($) is over 10% higher than Most Recent NOI ($). The increase in Underwritten NOI ($) over historical period is primarily driven by an approximately $2.82 million renovation the borrower sponsor completed, as well as the borrower sponsor’s construction of one additional unit. |
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| Loan No. 30 – Ledges One – The related Mortgaged Property completed construction in November 2017 and reached stabilization in August 2019. The related TTM historical financials represent the one-month August 2019 financials annualized over a twelve month period. |
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| Loan No. 38 – City Pointe Apartments & Townhomes - The increase from Most Recent NOI ($) to Underwritten NOI ($) is primarily attributable to lease up of the Mortgaged Properties following the loan sponsor’s acquisition in 2017, with occupancy increasing from 40.2% as of year-end 2017, 64.3% as of year-end 2018 to current occupancy of 92.0% as of October 2019. |
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(14) | The grace periods noted under “Grace Period” reflect the number of days of grace before a payment default is an event of default. Certain jurisdictions impose a statutorily longer grace period. Certain of the Mortgage Loans may additionally be subject to grace periods with respect to the occurrence of an event of default (other than a payment default) and/or commencement of late charges which are not addressed in Annex A 1 to this Preliminary Prospectus. |
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| Loan No. 1 — Century Plaza Towers – One late payment charge is waived each calendar year if paid within 10 days after payment is due. |
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| Loan No. 3 – The Shoppes at Blackstone Valley – The Mortgage Loan documents provide the borrower with a five day grace period for any payments due on a payment date (other than the maturity date). |
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(15) | In certain cases, in addition to an “as-is” value, the appraisal states an “as complete”, “as-stabilized” or “hypothetical” value for the related Mortgaged Property that assumes that certain events will occur with respect to retenanting, construction, renovation or repairs at such Mortgaged Property. The Appraised Value set forth on Annex A-1 is the “as-is” value unless otherwise specified in this Preliminary Prospectus. With respect to the Mortgaged Properties that secure the Mortgage Loans listed in the following table, the respective Cut-off Date LTV Ratio was calculated using the related “as complete”, “as-stabilized” or “hypothetical” Appraised Values, as opposed to the “as-is” Appraised Values, each as set forth in the following table: |
| Mortgage Loan | % of Initial | Mortgage | Mortgage | Appraised | Mortgage | Mortgage | Appraised |
| Weston Kentucky Portfolio(1) | 5.1% | 59.5% | 65.0% | $80,400,000 | 67.4% | 67.4% | $77,500,000 |
| 55 Green Street(2) | 3.6% | 56.9% | 56.9% | $64,300,000 | 61.2% | 61.2% | $59,800,000 |
| Legends at Village West(3) | 3.4% | 53.3% | 48.3% | 225,000,000 | 58.5% | 53.0% | $205,000,000 |
| Embassy Suites Laredo(4) | 1.8% | 69.8% | 58.5% | $25,800,000 | 87.8% | 73.6% | $20,500,000 |
| Hampton Inn Summerlin(5) | 1.3% | 62.6% | 45.1% | 22,000,000 | 76.9% | 55.4% | $17,900,000 |
| (1) The Appraised Value (Other than As-Is) reflects the aggregate “as-is” appraised value plus an approximately 3.74% portfolio premium. Excluding the portfolio premium, the aggregate “as-is” appraised value is $77,500,000 as of August 28, 2019, which results in a Maturity or ARD Date LTV Ratio of 67.4%. In addition, the Original Balance ($) of $52,253,500 is inclusive of $4,400,000 in earnout proceeds, which the borrower reserved at origination along with a 10% yield maintenance amount totaling $440,000. The Cut-off Date LTV Ratio is calculated excluding the $4,400,000 earnout. Including the earnout, the Cut-off Date LTV Ratio based on the aggregate “as-is” appraised value of $77,500,000 as of August 28, 2019 is 67.4%. |
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| (2) The Appraised Value (Other than As-Is) reflects the “prospective stabilized” value as of February 1, 2020, which assumes approximately $5.9 million of tenant improvements are completed at the Mortgaged Property. The Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD based on the “as-is” appraised value of $59,800,000 are both 61.2%. |
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| (3) This represents the aggregate “as-stabilized” appraised value of the Legends at Village West Property as of September 1, 2021 which assumes the mortgaged property achieves stabilized occupancy. On the origination date of the Legends at Village West, an upfront reserve of $10,000,000 was deposited into the leasing reserve account. The Cut-off Date LTV Ratio and LTV Ratio at Maturity / ARD, calculated based on the aggregate “as-is” Appraised Value of $205,000,000, are 58.5% and 53.0% respectively. |
A-1-15
| (4) The Appraised Value (Other Than As-Is) reflects the “As Complete” of $25,800,000 for the Mortgaged Property, as of September 6, 2020, which assumes that the renovations estimated to cost approximately $4,600,000 in capital expenditures are completed within the first 18 months. The “as-is” appraised value of the Mortgaged Property is $20,500,000 as of September 6, 2019. |
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| (5) The Appraised Value (Other than As-Is) represents the “as complete” value of $22,000,000, effective September 1, 2020, which assumes that an approximately $3.0 million PIP is complete, of which approximately $1.9 million was reserved at origination. |
(16) | Loan No. 18 – Wind Creek Leased Fee – The Net Rentable Area (SF/Units/Rooms) shown is based on the total square footage of the land. |
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| Loan No. 18 – Wind Creek Leased Fee – The Cut-off Date LTV and LTV Ratio at Maturity or ARD are based on the “as-is” appraised value of the leased fee interest. The “as-is” appraised value, inclusive of the Wind Creek Casino and Resort Bethlehem improvements is $1.14 billion, which results in a Cut-off Date LTV Ratio of 12.8%. |
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(17) | Prepayment Provisions are shown from the respective Mortgage Loan First Payment Date. |
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| “L(x)” means lock-out for x payments. |
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| “D(x)” means may be defeased for x payments. |
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| “YM(x)” means may be prepaid for x payments with payment of a yield maintenance charge. |
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| “YM1(x)” means may be prepaid for x payments with payment of the greater of a yield maintenance charge and 1% of the amount prepaid. |
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| “DorYM1(x)” means may be prepaid for x payments with either defeasance or a yield maintenance charge or 1% of the amount prepaid. |
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| “O(x)” means freely prepayable for x payments, including the maturity date. |
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| Certain of the Mortgage Loans permit the release of a portion of a Mortgaged Property (or an individual Mortgaged Property, in connection with a portfolio Mortgage Loan) under various circumstances, as described in this Preliminary Prospectus. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Partial Releases” in this Preliminary Prospectus. In addition, certain of the Mortgage Loans permit the borrower to prepay a portion of the Mortgage Loan to avoid or cure a cash sweep period due to a low debt yield or debt service coverage ratio trigger. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Voluntary Prepayments” in this Preliminary Prospectus. |
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(18) | Loan No. 1 – Century Plaza Towers – Defeasance of the full $1.2 billion Century Plaza Towers Whole Loan is permitted after the date that is the earlier of (i) two years from the closing date of the securitization that includes the last senior pari passu note to be securitized and (ii) October 21, 2022. Prepayment in whole, but not in part, of the Century Plaza Towers Whole Loan is permitted with the payment of yield maintenance prior to July 9, 2029 at any time. |
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| Loan No. 2 – 180 Water – the lockout period will be at least 25 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 25 payments is based on the expected COMM 2019-GC44 securitization closing date in December 2019. The actual lockout period may be longer. |
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| Loan No. 3 – The Shoppes at Blackstone Valley – The lockout period will be at least 25 payment dates beginning with and including the first payment date of December 1, 2019. Defeasance of The Shoppes at Blackstone Valley Whole Loan is permitted at any time after the earlier to occur of (i) two years after the closing date of the securitization that includes the last pari passu note to be securitized or (ii) November 1, 2022. The assumed lockout period of 25 payment dates is based on the expected COMM 2019-GC44 securitization closing date in December 2019. The actual lockout period may be longer. |
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| Loan No. 5 – 225 Bush – the lockout period will be at least 25 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 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 COMM 2019-GC44 securitization closing date in December 2019. The actual lockout period may be longer. |
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| Loan No. 7 – PCI Pharma Portfolio – Yield Maintenance of the full $108.5 million PCI Pharma Portfolio whole loan is permitted at any time after the prepayment lockout period, which is October 31, 2021. In addition, defeasance of the full $108.5 million PCI Pharma Portfolio Whole Loan is permitted at any time after the defeasance lockout period, which date is the earlier to occur of (a) October 31, 2022 and (b) the second anniversary of the closing date of the securitization into which the last pari passu note to be securitized. The assumed defeasance lockout period of 25 payment dates is based on the expected COMM 2019-GC44 securitization closing date in December 2019. The actual lockout period may be longer. |
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| Loan No. 8 – Elston Retail Collection – The lockout period will be at least 25 payments beginning with and including the first payment date of December 6, 2019. The borrower has the option to defease the full $70.0 million Elston Retail Collection Whole Loan after the earlier to occur of (i) two years after the closing date of the securitization that includes the last note to be securitized and (ii) October 31, 2023. The assumed lockout period of 25 payments is based on the expected COMM 2019-GC44 securitization closing date in December 2019. The actual lockout period may be longer. |
A-1-16
| Loan No. 10 – The Essex Site 2 – The lockout period will be at least 25 payment dates beginning with and including the first payment date of December 1, 2019. Defeasance of the full $215.0 million Whole Loan is permitted at any time after the earlier to occur of (i) two years after the closing date of the securitization that includes the last pari passu note to be securitized and (ii) December 1, 2022. The assumed lockout period of 25 payment dates is based on the expected COMM 2019-GC44 securitization closing date in December 2019. The actual lockout period may be longer. |
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| Loan No. 11 – Legends at Village West – The lockout period will be at least 25 payments beginning with and including the first payment date of December 6, 2019. The borrower has the option to defease the full $120.0 million Legends at Village West Whole Loan after the earlier to occur of (i) two years after the closing date of the securitization that includes the last note to be securitized and (ii) October 22, 2022. The assumed lockout period of 25 payments is based on the expected COMM 2019-GC44 securitization closing date in December 2019. The actual lockout period may be longer. |
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| Loan No. 13 – Broadcasting Square – The lockout period will be at least 25 payments beginning with and including the first payment date of December 6, 2019. The borrower has the option to defease the full $62.5 million Broadcasting Square Whole Loan after the earlier to occur of (i) two years after the closing date of the securitization that includes the last note to be securitized and (ii) November 1, 2023. The assumed lockout period of 25 payments is based on the expected COMM 2019-GC44 securitization closing date in December 2019. The actual lockout period may be longer. |
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| Loan No. 15 – Cobb Place – The lockout period will be at least 25 payment dates beginning with and including the first payment date of December 6, 2019. Defeasance of the full $40.0 million Whole Loan is permitted at any time after the earlier to occur of (i) two years after the closing date of the securitization that includes the last pari passu note to be securitized and (ii) October 24, 2022. The assumed lockout period of 25 payment dates is based on the expected COMM 2019-GC44 securitization closing date in December 2019. The actual lockout period may be longer. |
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(19) | Partial release in connection with a partial prepayment or partial defeasance or substitution or a free release is permitted for the following loans. See “Description of the Mortgage Pool – Certain Terms of the Mortgage Loans – Partial Releases” in this Preliminary Prospectus for the terms of the releases. |
| ● Loan No. 1 – Century Plaza Towers |
| ● Loan No. 4 – Weston Kentucky Portfolio |
| ● Loan No. 6 – USAA Office Portfolio |
| ● Loan No. 7 – PCI Pharma Portfolio |
| ● Loan No. 8 – Elston Retail Collection |
| ● Loan No. 34 – Young Innovations Portfolio |
| ● Loan No. 36 – Bushwick Multifamily Portfolio |
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(20) | Loan No. 26 – Keystone Crossing – The Mortgaged Property is subject to a ground lease that commenced on July 16, 1984, expires on October 31, 2067 and has no extension options. The borrower is required to pay annual ground rent payments equal to 5% of underwritten effective gross revenue less (i) operating expenses (excluding ground rent, managment fees, and $70,948 of salaries) and (ii) minimum annual rent of $17,070. The annual ground rent payment as of the Cut-off Date is $107,535. See “Description of the Mortgage Pool—Mortgage Pool Characteristics—Fee & Leasehold Estates; Ground Leases” in the Preliminary Prospectus. |
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(21) | Loan No. 10 – The Essex Site 2 – The affordable housing unit at the Mortgaged Property is subject to a master lease (the “Master Lease”) between the Residential Borrower and Site 2 DSA Affordable MT LLC (“Master Tenant”), pursuant to which the Master Tenant is required to operate the affordable housing unit and enter into subleases with residential tenants. The Master Tenant and the lender entered into a subordination, non-disturbance and attornment agreement with respect to the Master Lease whereby the Master Tenant agreed to subordinate the Master Lease to the lien of the mortgage in exchange for non-disturbance so long as the Master Tenant is not in default under the Master Lease. The Master Tenant is a joint venture between Site 2 DSA Affordable Managers LLC, an affiliate of the Residential Borrower (“Site 2 Affordable Managers”), and Wells Fargo Affordable Housing Community Development Corporation (“Investor Member”). Site 2 Affordable Managers owns 0.01% of the interests in the Master Tenant and controls the day to day operations of Master Tenant, and Investor Member owns 99.99% of the interests in Master Tenant. The lender has taken a pledge of Site 2 Affordable Manager’s equity interests in the Master Tenant so that, upon foreclosure, an affiliate of Residential Borrower will not control the Master Tenant. |
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(22) | Loan No. 22 – Brentwood Town Center – The Largest Tenant, Blatteis & Schnur, representing approximately 16.3% of the net rentable area, is affiliated with the borrower. The rent commencement date is April 1, 2020, and $126,411.88 was reserved for gap rent. |
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(23) | Loan No. 1 – Century Plaza Towers – the Largest Tenant, Bank of America has various lease expiration dates: (i) 106,890 sq. ft. with a lease expiration date of September 30, 2029, (ii) 17,833 sq. ft. with a lease expiration date of September 30, 2024 and (iii) 24,785 sq. ft. related to the Merrill Lynch space, with a lease expiration date of June 30, 2022. |
A-1-17
| Loan No. 4.01 – Westport Distribution Center – The Largest Tenant, Westport Axle Corporation, leases 181,000 sq. ft. with an expiration date in May 2020, and 50,000 sq. ft. with an expiration date in May 2021. |
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| Loan No. 4.02 – Bluegrass Corporate Center – The Largest Tenant, ABB EP Industrial Solutions, leases (i) 33,000 sq. ft. with an expiration date in July 2022, and (ii) 4,000 sq. ft. with an expiration date in April 2020. |
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| Loan No. 20 – BOA Building Tulsa – The Fifth Largest Tenant, Petroflow Energy Corporation, also has various lease expiration dates: (i) 10,357 sq. ft. with a lease expiration date of December 31, 2019 and (ii) a storage space that is 533 sq. ft., which is currently operating on a month to month lease. |
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| Loan No. 28 – Millennium Park Plaza – The Largest Tenant, CenturyLink, Inc., leases 9,128 sq. ft. with an expiration date in September 2023, and 430 sq. ft. with an expiration date in July 2023. |
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(24) | The lease expiration dates shown are based on full lease terms. However, in certain cases, a tenant may have the option to terminate its lease or abate rent prior to the stated lease expiration date for no reason after a specified period of time and/or upon notice to the landlord or upon the occurrence of certain contingencies including, without limitation, if the landlord violates the lease or fails to provide utilities or certain essential services for a specified period or allows certain restricted uses, upon interference with such tenant’s use of access or parking, upon casualty or condemnation, for zoning violations, if certain anchor or key tenants (including at an adjacent property) or a certain number of tenants go dark or cease operations, if a certain percentage of the net rentable area at the Mortgaged Property is not occupied, if the tenant fails to meet sales targets or business objectives, or, in the case of a government tenant, for lack of appropriations or other reasons. In addition, in some instances, a tenant may have the right to assign its lease and be released from its obligations under the subject lease. Furthermore, some tenants may have the option to downsize their rented space without terminating the lease completely. |
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| Loan No. 1 – Century Plaza Towers – the Largest Tenant, Bank of America, representing approximately 6.2% of the net rentable area at the Mortgaged Property, has the right to terminate its lease as of September 30, 2026 upon written notice on or before September 30, 2025 and the payment of a termination fee in the amount of $1,908,666. The Fourth Largest Tenant Kirkland & Ellis, representing approximately 3.6% of the net rentable area at the Mortgaged Property, has the one-time right to terminate its lease as of January 1, 2032 upon written notice on or before January 1, 2031 and payment of a termination fee equal to the sum of (a) an amount equal to the base rent that would have been payable with respect to the terminated premises during the four (4) month period after the termination date had tenant not terminated this lease and (b) the unamortized amount, as of the termination date, calculated with interest in an amount equal to 8% per annum. The Fifth Largest Tenant, Greenberg Glusker, has the one-time right to terminate its lease as of March 1, 2032 upon written notice on or before March 1, 2031 and the payment of a termination fee. |
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| Loan No. 1 – Century Plaza Towers – the Second Largest Tenant, Manatt Phelps, representing approximately 4.8% of the net rentable area at the Mortgaged Property, has the right to contract its lease by terminating the lease on the 4th floor of the space on the last day of the 5th or 10th year of the lease term. |
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| Loan No. 12 – Midtown Center – the Largest Tenant, Fannie Mae, representing approximately 82.2% of the net rentable area at the Mortgaged Property, has (i) a unilateral termination option effective May 31, 2029 upon 32 months’ notice and (ii) the right to contract its premises by one full floor per year upon at least 18 months’ notice |
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| Loan No. 19 – BOA Building Tulsa – the Third Largest Tenant, Bank of America, National Association, representing approximately 6.3% of the net rentable area at the Mortgaged Property has a one-time right to terminate its lease with respect to all or a portion of its space with an effective termination on May 1, 2022 by providing the lender a minimum of 12 months’ prior written notice. The lease also provides for an additional contraction option with written notice on or before April 30, 2021, whereby the tenant may contract up to 25% of its space on May 1, 2022. The fee for exercising the cancellation option or the termination option will be equal to the unamortized tenant allowances and brokerage commissions incurred by the landlord during the applicable renewal term, discounted at an eight percent (8%) interest rate. |
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| Loan No. 26 – Keystone Crossing – The Fourth Largest Tenant, General Services Administration, representing approximately 7.3% of the net rentable area at the Mortgaged Property, has the right to terminate its lease at any time upon 60 days’ notice. |
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| Loan No. 28 – Millennium Park Plaza – The Fifth Largest Tenant, Ferrero USA Inc, representing approximately 0.5% of the net rentable area at the Mortgaged Property, has the right to terminate its lease after May 31, 2020 with three months’ notice and payment of a termination fee. |
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(25) | The following major tenants (listed on Annex A-1) are currently subleasing all or a significant portion of its leased space: |
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| Loan No. 7.01 – 3001 Red Lion Road – The sole tenant, PCI Pharma, subleases 49,566 sq. ft. to MedImmune (wholly owned by AstraZeneca). |
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| Loan No. 14 – Westland Fair – The Largest Tenant, Michael’s, representing approximately 11.7% of the net rentable area, subleases its space from CFSMC Las Vegas, LLC. |
A-1-18
(26) | Tenants under certain leases included in the Underwritten Net Cash Flow, Underwritten NOI and/or Occupancy may not be in physical occupancy, may not have begun paying rent or may be in negotiation. With respect to the largest 15 Mortgage Loans and certain tenants representing more than 25% of the net rentable area of a Mortgaged Property, see “Description of the Mortgage Pool—Tenant Issues—Other” in this Preliminary Prospectus. |
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| The tenants shown in the Annex A-1 have signed leases but may or may not be open for business as of the Cut-off Date of the securitization. |
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| Loan No. 1 – Century Plaza Towers – the Largest Tenant, Bank of America, representing approximately 6.2% of the net rentable area at the Mortgaged Property, has signed a lease for an additional 26,664 sq. ft. on the 13th floor of the South Tower and is expected to being paying rent and take occupancy in January 2020. The Second Largest Tenant, Manatt Phelps, representing approximately 4.8% of the net rentable area at the Mortgaged Property, has signed a lease for five suites in the South Tower on the 4th, 14th, 15th, 16th and 17th floors totaling 116,366 sq. ft. and is expected to begin paying rent and take occupancy in stages starting in March 2020, with full occupancy of the space expected by May 2020. The Fourth Largest Tenant, Kirkland & Ellis, representing approximately 3.6% of net rentable area at the Mortgaged Property, has not yet taken occupancy and is expected to occupy three suites in the South Tower on the 37th, 38th, and 39th floors totaling 85,664 sq. ft. starting in January 2020. The Fifth largest tenant, Greenberg Glusker, representing approximately 3.5% of the net rentable area at the Mortgaged Property has signed a lease for three suites in the South Tower on the 26th, 27th and 31st floors totaling 83,199 sq. ft. and is expected to being paying rent and take occupancy in March 2020. We cannot assure you whether these tenants will take occupancy and begin paying rent as expected or at all. |
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| Loan No. 12 – Midtown Center – The Second Largest Tenant, WeWork, representing approximately 12.7% of the net rentable area at the Mortgage Property, is entitled to free rent through December 2019. A rent concession reserve was required at origination for full abated amounts. |
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(27) | The following Mortgage Loans have one or more borrowers that own all or a portion of the related Mortgaged Property as tenants-in-common. See “Description of the Mortgage Pool—Mortgage Pool Characteristics—– Tenancies-in-Common or Diversified Ownership” in this Preliminary Prospectus for further information. |
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| Loan No. 16 – Tri Pointe Plaza |
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| Loan No. 35 – Oxy Lofts |
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(28) | All upfront reserve balances reflect the upfront reserve amount at loan origination. The current balance may be less than the amount shown. |
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(29) | All ongoing reserve balances reflect the ongoing reserve amount at loan origination. The current balance may be greater than or less than the amount shown. Monthly reserves required to be deposited in such accounts may be capped pursuant to the related Mortgage Loan documents. |
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| Loan No. 19 – Wind Creek Leased Fee - On a monthly basis, immediately following the date on which a quarterly installment of base rent is paid under the ground lease (other than the first installment of rent due on July 30, 2019 under the ground lease documents), the borrower is required to deposit an amount equal to the monthly debt service payment amount due on each of the next two succeeding monthly payment dates, which amounts are required to be transferred into the interest reserve account. |
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(30) | Loan No. 4 – Weston Kentucky Portfolio – If the TI/LC reserve falls below the TI/LC reserve cap of $1,000,000, the borrower is required to deposit $20,833 on each monthly payment date until the TI/LC reserve cap is met. |
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| Loan No. 14 – Westland Fair – If the TI/LC reserve falls below the TI/LC reserve cap of $500,000, the borrower is required to deposit approximately $17,844 on each monthly payment date until the TI/LC reserve cap is met. |
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| Loan No. 22 – Brentwood Town Center – If the TI/LC reserve falls below the TI/LC reserve cap of $75,000, the borrower is required to deposit $6,250 on each monthly payment date until the TI/LC reserve cap is met. |
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| Loan No. 39 – Hub at Vista Palomar Park – If the TI/LC reserve falls below the TI/LC reserve cap of $125,000, the borrower is required to deposit approximately $2,304 on each monthly payment date until the TI/LC reserve cap is met. |
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(31) | Loan No. 20- – Embassy Suites Laredo – The Monthly Replacement Reserve is an FF&E reserve in an amount equal to the greater (i) of the then-current amount required under the management agreement, (ii) the then-current amount required under the franchise agremenet for approved capital expenditures and (iii) (a) for the payment dates occurring in November 2019 through October 2020, 2% of the prior month’s gross revenue, (b) for the payment dates occurring in November 2020 through October 2021, 3% of the prior month’s gross revenue and (c) for the payment dates occurring from November 2021 and thereafter, 4% of the prior month’s gross revenue. |
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| Loan No. 23 – Residence Inn Phoenix Chandler South – The Monthly Replacement Reserve is an FF&E reserve in an amount equal to (i) for the payment dates occurring in December 2019 through November 2020, approximately $17,017 and (ii) thereafter the greater of (a) the monthly amount required to be reserved pursuant to the franchise agreement for the replacement of FF&E or (b) 1/12 of 4% of the operating income of the Mortgaged Property for the previous 12-month period as determined on the anniversary of the last day of the calendar month in October. |
A-1-19
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| Loan No. 33 – Home2 Suites Hanford Lemoore – The Monthly Replacement Reserve is an FF&E reserve in an amount equal to (i) for the payment dates occurring in December 2019 through November 2020, approximately $11,629 and (ii) thereafter the greater of (a) the monthly amount required to be reserved pursuant to the franchise agreement for the replacement of FF&E or (b) 1/12th of 4% of the operating income of the Mortgaged Property for the previous 12-month period as determined on the anniversary of the last day of the calendar month in October. |
(32) | With respect to the Mortgage Loans identified below, the lender is insured under an environmental insurance policy obtained (i) in lieu of obtaining a Phase II Environmental Site Assessment, (ii) in lieu of providing an indemnity or guaranty from a sponsor or (iii) to address environmental conditions or concerns. For additional information, see “Risk Factors—Risks Related to the Mortgage Loans—Adverse Environmental Conditions at or Near Mortgaged Properties May Result in Losses” and “Description of the Mortgage Pool—Mortgage Pool Characteristics—Environmental Considerations” in this Preliminary Prospectus. |
| Loan | Mortgage | Mortgage | % of Initial | Maximum | Premium | Expiration |
| 1 | Century Plaza Towers(1) | $75,000,000 | 7.30% | $50,000,000 | Yes | 6/24/2021 |
| (1) The policy was purchased at the borrower’s election and was not required by the lender. The policy is cancellable at the borrower’s option. |
(33) | Loan No. 1 – Century Plaza Towers – There is no non-recourse carveout guarantor or separate environmental indemnitor with respect to the Century Plaza Towers Whole Loan. |
| Loan | Mortgage Loan | Senior | Subordinate | Total | Total | Total | Total | Total | Total Senior | Total |
| 1 | Century Plaza Towers | $900,000,000 | $300,000,000 | $1,200,000,000 | 4.09x | 3.07x | 39.1% | 52.1% | 13.5% | 10.1% |
| 2 | 180 Water | $137,500,000 | $127,500,000 | $265,000,000 | 3.15x | 1.63x | 30.5% | 58.7% | 11.0% | 5.7% |
| 5 | 225 Bush | $203,600,000 | $146,400,000 | $350,000,000 | 3.85x | 2.24x | 34.6% | 59.4% | 13.4% | 7.8% |
| 10 | The Essex Site 2 | $117,000,000 | $58,000,000 | $175,000,000 | 3.66x | 1.89x | 39.9% | 59.7% | 10.3% | 6.9% |
| 12 | Midtown Center | $382,000,000 | $143,000,000 | $525,000,000 | 3.98x | 2.90x | 39.8% | 54.7% | 12.6% | 9.1% |
| (1) Includes any related pari passu companion loan(s) and subordinate secured companion loan(s) |
(34) | Loan | Mortgage | Mortgage Loan | % of Initial Outstanding | Mezzanine | Annual | Mezzanine Date or | Intercreditor | Total Debt Ratio (1) | Total Debt | Total |
| 2 | 180 Water | $62,500,000 | 6.1% | $100,000,000 | 8.3% | 11/6/2024 | Yes | 80.8% | 0.85x | 4.1% |
| 10 | The Essex Site 2 | $35,100,000 | 3.4% | $40,000,000 | 6.6% | 11/1/2026 | Yes | 73.4% | 1.33x | 5.6% |
| (1) Calculated including any related pari passu companion loan(s), related subordinate companion loan(s) and mezzanine debt. |
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(35)
| Loan | Mortgage Loan | Mortgage Loan | % of Initial | Intercreditor | Combined | Combined | Combined |
| 1 | Century Plaza Towers | $75,000,000 | 7.3% | Yes | 3.12x | 52.1% | 9.5% |
| 2 | 180 Water(1) | $62,500,000 | 6.1% | Yes | 0.85x | N/A | 4.1% |
| 3 | The Shoppes at Blackstone Valley(2) | $55,000,000 | 5.4% | Yes | 1.25x | 70.0% | 9.1% |
| 17 | Villa Carlotta | $20,500,000 | 2.0% | Yes | 1.25x | 80.0% | 7.0% |
| 20 | Embassy Suites Laredo | $18,000,000 | 1.8% | Yes | 2.18x | 69.8% | 12.3% |
| 39 | Hub at Vista Palomar Park | $7,200,000 | 0.7% | Yes | 2.74x | 61.3% | 10.1% |
| (1) The borrower has a one-time right to cause to incur additional indebtedness in the form of a mezzanine loan, that will be in no event greater than $100,000,000. |
| (2) The borrower has the right to incur additional indebtedness in the form of a mezzanine loan, that will be in no event greater than $40,000,000. |
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