FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-227081-04 | ||
The Information contained herein (the “Information”) is preliminary and subject to change. The information will be superseded by similar information delivered to you as part of the offering document relating to the Commercial Mortgage Pass-Through Certificates, Series CSAIL 2019-C18 (the “Offering Document”). The Information supersedes any such information previously delivered. The Information should be reviewed only in conjunction with the entire Offering Document. All of the Information is subject to the same limitations and qualifications contained in the Offering Document. The Information does not contain all relevant information relating to the underlying mortgage loans or mortgaged properties. Such information is described elsewhere in the Offering Document. The Information contained herein will be more fully described elsewhere in the Offering Document. The Information should not be viewed as projections, forecasts, predictions or opinions with respect to value. Prior to making any investment decision, prospective investors are strongly urged to read the Offering Document its entirety. The privately offered securities described in the Offering Document as to which the Information relates have not been and will not be registered under the United States Securities Act of 1933, as amended. This material should be not construed as an effort to sell or the solicitation of any offer to buy any security in any jurisdiction where such offer of solicitation could be illegal.
For investors in publicly offered securities as to which the Information relates: The depositor has filed a registration statement (including the prospectus) with the SEC (SEC File No. 333-227081) for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the depositor or the underwriter, or any dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-221-1037.
The information in this file (the “File”) is an electronic copy of the information set forth in the Annex titled “Certain Characteristics of the Mortgage Loans and Mortgaged Properties” to the prospectus. This File does not contain all information that is required to be included in the prospectus. This File should be reviewed only in conjunction with the entire prospectus. Prospective investors are advised to read carefully, and should rely on, the prospectus relating to the Certificates referred to herein in making their investment decision.
The information in this File may be amended and/or supplemented prior to the time of sale. The information in this File supersedes any contrary information contained in any prior File relating to the subject securities and will be superseded by any contrary information contained in any subsequent File prior to the time of sale.
Methodologies used in deriving certain information contained in this File are more fully described elsewhere in the free prospectus. The information in this File should not be viewed as projections, forecasts, predictions or opinions with respect to value.
Any legends, disclaimers or other notices that may appear at the bottom of, or attached to, the email communication to which this material may have been attached are not applicable to these materials and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of these materials having been sent via Bloomberg or another email system.
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ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
AND MORTGAGED PROPERTIES
Loan ID | Footnotes | Flag | Deal Name | % of Initial Pool Balance | Mortgage Loan Originator | Mortgage Loan Seller(1) | Original Balance(2) | Cut-off Date Balance(2)(3) | Maturity/ARD Balance(2) | Cut-off Date Balance per SF/Units/Rooms | Loan Purpose | Sponsor |
1 | Loan | The Met Apartments | 7.5% | Column Financial, Inc. | Column | $51,900,000 | $51,900,000 | $51,900,000 | $108,125.00 | Acquisition | BREIT MF Holdings LLC | |
2 | Loan | Palm Beach Estates | 6.1% | Societe Generale Financial Corporation | SGFC | $42,375,000 | $42,319,198 | $38,781,100 | $48,035.41 | Refinance | Fercan E. Kalkan | |
3 | Loan | Towne Center East | 5.6% | Column Financial, Inc. | Column | $38,550,000 | $38,550,000 | $38,550,000 | $249.11 | Acquisition | BREIT Operating Partnership L.P. | |
4 | Loan | Farmers Insurance | 5.3% | Column Financial, Inc. | Column | $36,450,000 | $36,450,000 | $32,819,295 | $135.10 | Acquisition | LCN North American Fund III REIT | |
5 | Loan | ILPT Industrial Portfolio | 5.0% | Morgan Stanley Bank, N.A.; UBS AG; Bank of America, N.A. | UBS AG | $34,320,000 | $34,320,000 | $34,320,000 | $26.12 | Recapitalization | Industrial Logistics Properties Trust | |
5.01 | Property | 1800 Union Airpark Boulevard | $5,929,141 | $5,929,141 | $5,929,141 | $26.12 | ||||||
5.02 | Property | 4237-4255 Anson Boulevard | $4,580,183 | $4,580,183 | $4,580,183 | $26.12 | ||||||
5.03 | Property | 5000 Commerce Way | $4,373,133 | $4,373,133 | $4,373,133 | $26.12 | ||||||
5.04 | Property | 5142 and 5148 North Hanley Road | $3,871,196 | $3,871,196 | $3,871,196 | $26.12 | ||||||
5.05 | Property | 945 Monument Drive | $3,212,402 | $3,212,402 | $3,212,402 | $26.12 | ||||||
5.06 | Property | 2801 Airwest Boulevard | $2,697,916 | $2,697,916 | $2,697,916 | $26.12 | ||||||
5.07 | Property | 20 Logistics Boulevard | $2,578,706 | $2,578,706 | $2,578,706 | $26.12 | ||||||
5.08 | Property | 5500 SE Delaware Ave | $2,039,123 | $2,039,123 | $2,039,123 | $26.12 | ||||||
5.09 | Property | 2150 Stanley Road | $1,894,815 | $1,894,815 | $1,894,815 | $26.12 | ||||||
5.10 | Property | 16101 Queens Court | $1,850,896 | $1,850,896 | $1,850,896 | $26.12 | ||||||
5.11 | Property | 5 Logistics Drive | $1,292,490 | $1,292,490 | $1,292,490 | $26.12 | ||||||
6 | Loan | The Sunstone Apartments | 3.4% | Column Financial, Inc. | Column | $23,500,000 | $23,500,000 | $23,500,000 | $127,717.39 | Acquisition | BREIT MF Holdings LLC | |
7 | Loan | Duane Reade - Columbia University | 3.0% | Bayview Commercial Mortgage Finance, LLC | Column | $21,000,000 | $21,000,000 | $21,000,000 | $2,665.99 | Refinance | S. Lawrence Davis | |
8 | Loan | United Healthcare Office | 2.9% | UBS AG | UBS AG | $20,000,000 | $20,000,000 | $19,111,929 | $229.27 | Refinance | Quynh Palomino; Lloyd W. Kendall, Jr. | |
9 | Loan | Patriots Crossing Apartments | 2.9% | UBS AG | UBS AG | $20,000,000 | $20,000,000 | $17,342,976 | $55,248.62 | Refinance | A. Brandon Denton; Thomas J. Floyd; Mitchell Collins | |
10 | Loan | Redwood Technology Center | 2.9% | UBS AG | UBS AG | $20,000,000 | $20,000,000 | $18,307,299 | $236.08 | Refinance | Matthew T. White | |
11 | Loan | Edgewood Apartments | 2.7% | BSPRT CMBS Finance, LLC | RREF | $18,550,000 | $18,499,423 | $14,784,724 | $70,073.57 | Refinance | Donald P. Kelly, Jr. | |
12 | Loan | 420 North Main Street | 2.6% | CIBC Inc. | CIBC | $17,750,000 | $17,750,000 | $14,561,982 | $27.95 | Refinance | Gloria Flores Soto | |
13 | Loan | Kohl’s Plaza | 2.5% | BSPRT CMBS Finance, LLC | RREF | $17,000,000 | $17,000,000 | $17,000,000 | $105.42 | Acquisition | Patrick Magee | |
14 | Loan | Crimson Retail Portfolio | 2.4% | UBS AG | UBS AG | $16,556,250 | $16,556,250 | $14,059,002 | $104.00 | Refinance/Acquisition | Pamela Day | |
14.01 | Property | Little Elm | $11,013,500 | $11,013,500 | $9,352,288 | $104.00 | ||||||
14.02 | Property | South Plaza | $3,333,000 | $3,333,000 | $2,830,270 | $104.00 | ||||||
14.03 | Property | Office Depot | $1,068,750 | $1,068,750 | $907,546 | $104.00 | ||||||
14.04 | Property | JoAnn Fabrics | $1,141,000 | $1,141,000 | $968,898 | $104.00 | ||||||
15 | Loan | Presidential City | 2.2% | Societe Generale Financial Corporation | SGFC | $15,000,000 | $15,000,000 | $15,000,000 | $115,270.94 | Refinance | Matthew Pestronk; Michael Pestronk | |
16 | Loan | Plaistow Center | 2.2% | CIBC Inc. | CIBC | $15,000,000 | $14,978,465 | $11,924,564 | $113.15 | Acquisition | Anthony C. Grosso; Christopher Palermo | |
17 | Loan | 3100 Alvin Devane | 2.0% | Column Financial, Inc. | Column | $13,875,000 | $13,875,000 | $11,354,849 | $197.12 | Acquisition | Carter F. Sackman, Sr.; James F. Hefelfinger | |
18 | Loan | Home2 Suites by Hilton Charlotte University Research Park | 2.0% | CIBC Inc. | CIBC | $13,850,000 | $13,830,781 | $11,085,388 | $131,721.72 | Acquisition | Timothy Black; Thomas Black | |
19 | Loan | Rochester Portfolio | 1.9% | CIBC Inc. | CIBC | $13,100,000 | $13,100,000 | $11,142,556 | $65.20 | Refinance | Aydin Yoruk; Ergun Yoruk | |
19.01 | Property | Westfall Townhomes | $4,490,000 | $4,490,000 | $3,819,090 | $65.20 | ||||||
19.02 | Property | Jefferson Plaza | $3,960,000 | $3,960,000 | $3,368,284 | $65.20 | ||||||
19.03 | Property | Saginaw Plaza | $3,150,000 | $3,150,000 | $2,679,317 | $65.20 | ||||||
19.04 | Property | South Winton Court | $1,500,000 | $1,500,000 | $1,275,865 | $65.20 | ||||||
20 | Loan | 1447 Enterprise Boulevard | 1.7% | BSPRT CMBS Finance, LLC | RREF | $11,750,000 | $11,728,438 | $8,591,232 | $28.63 | Refinance | Michel Rosenberg a/k/a Michael Rosenberg | |
21 | Loan | Shabsels Fee Portfolio | 1.7% | UBS AG | UBS AG | $11,600,000 | $11,600,000 | $11,600,000 | $34.16 | Refinance | Michael Shabsels; David Shabsels | |
21.01 | Property | 9 Farm Springs | $6,444,444 | $6,444,444 | $6,444,444 | $34.16 | ||||||
21.02 | Property | Clocktower Place | $5,155,556 | $5,155,556 | $5,155,556 | $34.16 | ||||||
22 | Loan | Greenfield Gateway | 1.6% | Societe Generale Financial Corporation | SGFC | $10,900,000 | $10,884,183 | $8,646,386 | $160.75 | Refinance | Christopher P. Hinkson and Shannon Hinkson, as trustees of The Christopher and Shannon Hinkson Revocable Trust; Christopher P. Hinkson | |
23 | Loan | Gatlin Retail Portfolio | 1.4% | BSPRT CMBS Finance, LLC | RREF | $10,000,000 | $9,971,924 | $7,927,127 | $73.11 | Refinance | Franklin Gatlin III; Franklin C. Gatlin, III, As Trustee of the Franklin C. Gatlin, III Trust, A Revocable inter vivos trust dated December 16, 2003 | |
23.01 | Property | The Forum at Gateways | $6,855,941 | $6,836,693 | $5,434,791 | $73.11 | ||||||
23.02 | Property | Wilson Square Shopping Center | $3,144,059 | $3,135,232 | $2,492,335 | $73.11 | ||||||
24 | Loan | Paradise Shoppes of Summerville | 1.4% | Regions Bank | Column | $9,350,000 | $9,350,000 | $8,070,299 | $148.89 | Refinance | NADG US Supermarket Anchored Fund (Canadian) Limited Partnership; NADG US Supermarket Anchored Fund (U.S.) Limited Partnership | |
25 | Loan | Wyndham - Norfolk | 1.3% | UBS AG | UBS AG | $9,000,000 | $9,000,000 | $9,000,000 | $44,117.65 | Refinance | Parul Randeria | |
26 | Loan | Sharonville Plaza | 1.3% | UBS AG | UBS AG | $8,900,000 | $8,887,379 | $7,092,822 | $64.43 | Refinance | Todd M. Gordon | |
27 | Loan | Bemidji Mixed Use Portfolio | 1.3% | Bayview Commercial Mortgage Finance, LLC | Column | $8,800,000 | $8,788,621 | $7,139,460 | $97.39 | Refinance | Sanjay C. Patel | |
27.01 | Property | Cottage Park Townhomes | $3,640,414 | $3,635,706 | $2,953,476 | $97.39 | ||||||
27.02 | Property | Supreme Business Center | $2,219,252 | $2,216,382 | $1,800,484 | $97.39 | ||||||
27.03 | Property | 519 Anne Street Northwest | $1,680,191 | $1,678,018 | $1,363,143 | $97.39 | ||||||
27.04 | Property | Stonegate Studios | $1,260,143 | $1,258,514 | $1,022,357 | $97.39 | ||||||
28 | Loan | Home2 Suites OKC | 1.3% | Societe Generale Financial Corporation | SGFC | $8,750,000 | $8,750,000 | $7,099,279 | $76,086.96 | Refinance | Kalpana N. Patel; Shaurin N. Patel | |
29 | Loan | Hy-Vee Omaha | 1.2% | BSPRT CMBS Finance, LLC | RREF | $8,250,000 | $8,250,000 | $8,250,000 | $102.56 | Refinance | Edward Barkett | |
30 | Loan | Plaza at Santa Barbara | 1.2% | CIBC Inc. | CIBC | $8,200,000 | $8,200,000 | $7,454,279 | $149.98 | Refinance | Richard Vetter | |
31 | Loan | Phoenix Industrial Portfolio II | 1.2% | UBS AG | UBS AG | $8,000,000 | $8,000,000 | $6,994,993 | $28.44 | Refinance | Irrevocable Children’s Trust dated 7/22/91; Irrevocable Children’s Trust No. 2 dated 7/22/91 | |
31.01 | Property | DuBois | $1,675,027 | $1,675,027 | $1,464,601 | $28.44 | ||||||
31.02 | Property | Jefferson | $1,675,027 | $1,675,027 | $1,464,601 | $28.44 | ||||||
31.03 | Property | Flint | $1,954,198 | $1,954,198 | $1,708,701 | $28.44 |
A-1-1
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
AND MORTGAGED PROPERTIES
Loan ID | Footnotes | Flag | Deal Name | % of Initial Pool Balance | Mortgage Loan Originator | Mortgage Loan Seller(1) | Original Balance(2) | Cut-off Date Balance(2)(3) | Maturity/ARD Balance(2) | Cut-off Date Balance per SF/Units/Rooms | Loan Purpose | Sponsor |
31.04 | Property | Beloit | $1,692,475 | $1,692,475 | $1,479,857 | $28.44 | ||||||
31.05 | Property | Huntsville | $1,003,272 | $1,003,272 | $877,235 | $28.44 | ||||||
32 | Loan | LA Fitness Riverside | 1.2% | Societe Generale Financial Corporation | SGFC | $8,000,000 | $8,000,000 | $7,250,214 | $177.78 | Refinance | Thomas Lowswick; Dale L. Petterson; The Dale L. Petterson Revocable Trust | |
33 | Loan | Cedar Trails Apartments | 1.1% | BSPRT CMBS Finance, LLC | RREF | $7,875,000 | $7,875,000 | $6,833,503 | $65,625.00 | Acquisition | Corey Miller; Furqan Huda; Mathias Rickert; Patrick T. Poling; William C. Mara | |
34 | Loan | Maple Ridge Townhomes | 1.1% | CIBC Inc. | CIBC | $7,300,000 | $7,300,000 | $6,323,840 | $140,384.62 | Refinance | Leonard W. Moore III | |
35 | Loan | Bassett Furniture - King of Prussia | 1.0% | CIBC Inc. | CIBC | $7,000,000 | $7,000,000 | $7,000,000 | $388.89 | Refinance | Yunhai Zhang | |
36 | Loan | Villa Carmel | 1.0% | Societe Generale Financial Corporation | SGFC | $6,800,000 | $6,800,000 | $6,800,000 | $46,896.55 | Acquisition | Wayne Comfort | |
37 | Loan | Osprey Cove South | 1.0% | UBS AG | UBS AG | $6,800,000 | $6,790,565 | $5,442,838 | $29,783.18 | Acquisition | Grant Matthew Miller | |
38 | Loan | Del Mar Terrace Apartments | 1.0% | BSPRT CMBS Finance, LLC | RREF | $6,700,000 | $6,700,000 | $6,700,000 | $16,007.91 | Refinance | Heers Family Trust dated March 16, 1983, as restated on April 28, 2017 | |
39 | Loan | Palm View Estates | 0.9% | CIBC Inc. | CIBC | $6,500,000 | $6,500,000 | $5,660,756 | $54,166.67 | Refinance | Michael Grabowski; Neal Grabowski | |
40 | Loan | Alma Elliot Square Shopping Center | 0.9% | Greystone Servicing Company LLC | UBS AG | $6,305,000 | $6,305,000 | $6,305,000 | $101.43 | Acquisition | Investment Concepts, Inc.; George A. Chami | |
41 | Loan | West Salem MHP | 0.8% | BSPRT CMBS Finance, LLC | RREF | $5,750,000 | $5,750,000 | $4,715,580 | $21,946.56 | Refinance | Sergio Mariaca; Matthew Purse; Elizabeth Mariaca-Sheard | |
42 | Loan | 4 Mountainview Terrace | 0.8% | UBS AG | UBS AG | $5,578,500 | $5,563,650 | $4,465,474 | $86.59 | Acquisition | Moishe Samet | |
43 | Loan | Fairfield Inn and Suites Fredericksburg | 0.8% | BSPRT CMBS Finance, LLC | RREF | $5,500,000 | $5,492,691 | $4,439,260 | $70,419.12 | Acquisition | Sushil S. Jhangiani; Dilip K. Malkani | |
44 | Loan | Allen Ridge Luxury Apartments | 0.8% | Bayview Commercial Mortgage Finance, LLC | Column | $5,500,000 | $5,492,625 | $4,431,575 | $98,082.59 | Refinance | Kevin Pagliari; Leslie Pagliari | |
45 | Loan | Hampton Inn - McLeansville (Greensboro East) | 0.8% | UBS AG | UBS AG | $5,500,000 | $5,492,597 | $4,428,339 | $70,417.91 | Refinance | Hiren Patel; Balkrishna Patel | |
46 | Loan | Courtyard by Marriott Secaucus | 0.7% | BSPRT CMBS Finance, LLC | RREF | $5,000,000 | $4,981,802 | $3,635,111 | $88,960.75 | Refinance | Leslie Ng; Paul A. Nussbaum | |
47 | Loan | 48 Brookfield Oaks Dr | 0.7% | CIBC Inc. | CIBC | $4,850,000 | $4,850,000 | $3,958,326 | $74.75 | Acquisition | William R. Elliott; Thomas E. Messier | |
48 | Loan | Studio 9Forty Apartments | 0.7% | Bayview Commercial Mortgage Finance, LLC | Column | $4,700,000 | $4,700,000 | $3,975,838 | $195,833.33 | Refinance | Stephan P. Nemeth; Brian G. McCarthy; George P. Edwards, III; Andrew Pinckney; Alastair C. Pimm; Alexander N. Holt | |
49 | Loan | Erie Plaza | 0.6% | UBS AG | UBS AG | $4,200,000 | $4,194,317 | $3,378,223 | $120.99 | Refinance | Isaac Gindi; Steve Botton | |
50 | Loan | 2375 South 9th Street | 0.5% | CIBC Inc. | CIBC | $3,600,000 | $3,590,049 | $2,862,054 | $378.18 | Refinance | David E. Cunningham | |
51 | Loan | Delano MHP | 0.5% | BSPRT CMBS Finance, LLC | RREF | $3,400,000 | $3,395,587 | $2,756,548 | $31,152.18 | Acquisition | Simcha Yisroel Obermeister; TJO 12-16 Trust | |
52 | Loan | Crunch Fitness Tuscaloosa | 0.4% | BSPRT CMBS Finance, LLC | RREF | $2,950,000 | $2,939,161 | $2,139,736 | $69.53 | Acquisition | Julien Plouffe | |
53 | Loan | Anchor Danly - Ithaca | 0.4% | UBS AG | UBS AG | $2,900,000 | $2,893,797 | $2,406,197 | $47.75 | Acquisition | Mark Weber | |
54 | Loan | Belle Place MHC | 0.3% | BSPRT CMBS Finance, LLC | RREF | $2,300,000 | $2,300,000 | $1,940,179 | $22,772.28 | Refinance | Michael D. Hyatt; Kris A. Hodges | |
55 | Loan | Middlefield MHC | 0.3% | Bayview Commercial Mortgage Finance, LLC | Column | $2,062,500 | $2,062,500 | $1,761,444 | $13,569.08 | Acquisition | Andrew S. Lanoie; Michael L. Ayala |
A-1-2
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
AND MORTGAGED PROPERTIES
MORTGAGED PROPERTY CHARACTERISTICS | |||||||||||
Loan ID | Footnotes | Flag | Deal Name | Non-Recourse Carveout Guarantor | No. of Properties | General Property Type | Detailed Property Type | Title Type(4)(5) | Ground Lease Initial Lease Expiration Date(5) | Address | |
1 | Loan | The Met Apartments | BREIT MF Holdings LLC | 1 | Multifamily | Garden | Fee | NAP | 2701 North Rainbow Boulevard | ||
2 | Loan | Palm Beach Estates | Fercan E. Kalkan | 1 | Multifamily | Garden | Fee | NAP | 16818 City View Place | ||
3 | Loan | Towne Center East | BREIT Operating Partnership L.P. | 1 | Retail | Anchored | Fee | NAP | 2450, 2510-2550 & 2594-2598 Cherry Avenue and 2150-2172 East Willow Street | ||
4 | Loan | Farmers Insurance | LCN North American Fund III REIT | 1 | Office | Suburban | Fee | NAP | 5665 North Kraft Lake Drive Southeast, 6300 Old 60th Street Southeast, 5600 Beechtree Lane Southeast | ||
5 | Loan | ILPT Industrial Portfolio | Industrial Logistics Properties Trust | 11 | Industrial | Warehouse/Distribution | Fee | NAP | Various | ||
5.01 | Property | 1800 Union Airpark Boulevard | 1 | Industrial | Warehouse/Distribution | Fee | NAP | 1800 Union Airpark Boulevard | |||
5.02 | Property | 4237-4255 Anson Boulevard | 1 | Industrial | Warehouse/Distribution | Fee | NAP | 4237-4255 Anson Boulevard | |||
5.03 | Property | 5000 Commerce Way | 1 | Industrial | Warehouse/Distribution | Fee | NAP | 5000 Commerce Way | |||
5.04 | Property | 5142 and 5148 North Hanley Road | 1 | Industrial | Warehouse/Distribution | Fee | NAP | 5142 and 5148 North Hanley Road | |||
5.05 | Property | 945 Monument Drive | 1 | Industrial | Warehouse/Distribution | Fee | NAP | 945 Monument Drive | |||
5.06 | Property | 2801 Airwest Boulevard | 1 | Industrial | Warehouse/Distribution | Fee | NAP | 2801 Airwest Boulevard | |||
5.07 | Property | 20 Logistics Boulevard | 1 | Industrial | Warehouse/Distribution | Fee | NAP | 20 Logistics Boulevard | |||
5.08 | Property | 5500 SE Delaware Ave | 1 | Industrial | Warehouse/Distribution | Fee | NAP | 5500 Southeast Delaware Avenue | |||
5.09 | Property | 2150 Stanley Road | 1 | Industrial | Warehouse/Distribution | Fee | NAP | 2150 Stanley Road | |||
5.10 | Property | 16101 Queens Court | 1 | Industrial | Warehouse/Distribution | Fee | NAP | 16101 Queens Court | |||
5.11 | Property | 5 Logistics Drive | 1 | Industrial | Warehouse/Distribution | Fee | NAP | 5 Logistics Drive | |||
6 | Loan | The Sunstone Apartments | BREIT MF Holdings LLC | 1 | Multifamily | Garden | Fee | NAP | 9353 West Twain Avenue | ||
7 | Loan | Duane Reade - Columbia University | S. Lawrence Davis | 1 | Retail | Single Tenant | Fee | NAP | 545 West 111th Street | ||
8 | Loan | United Healthcare Office | Quynh Palomino; Lloyd W. Kendall, Jr. | 1 | Office | Suburban | Fee | NAP | 2716 North Tenaya Way | ||
9 | Loan | Patriots Crossing Apartments | A. Brandon Denton; Thomas J. Floyd; Mitchell Collins | 1 | Multifamily | Garden | Fee | NAP | 7103 Yorktown Road | ||
10 | Loan | Redwood Technology Center | Matthew T. White | 1 | Mixed Use | Office/Retail | Fee | NAP | 1383 and 1385 North McDowell Avenue, 1201 Redwood Way | ||
11 | Loan | Edgewood Apartments | Donald P. Kelly, Jr. | 1 | Multifamily | Garden | Fee | NAP | 4949 Stumberg Lane | ||
12 | Loan | 420 North Main Street | Gloria Flores Soto | 1 | Industrial | Warehouse | Fee | NAP | 420 North Main Street | ||
13 | Loan | Kohl’s Plaza | Patrick Magee | 1 | Retail | Anchored | Fee | NAP | 214-256 East Route 59 | ||
14 | Loan | Crimson Retail Portfolio | Pamela Day | 4 | Retail | Various | Fee | NAP | Various | ||
14.01 | Property | Little Elm | 1 | Retail | Anchored | Fee | NAP | 2700 East Eldorado Parkway | |||
14.02 | Property | South Plaza | 1 | Retail | Anchored | Fee | NAP | 1230 South Broad Street | |||
14.03 | Property | Office Depot | 1 | Retail | Single Tenant | Fee | NAP | 3045 Atlanta Highway | |||
14.04 | Property | JoAnn Fabrics | 1 | Retail | Single Tenant | Fee | NAP | 3055 Atlanta Highway | |||
15 | Loan | Presidential City | Matthew Pestronk; Michael Pestronk | 1 | Multifamily | High Rise | Fee | NAP | 3800, 3850 and 3950 City Avenue, 3600 Neill Drive | ||
16 | Loan | Plaistow Center | Anthony C. Grosso; Christopher Palermo | 1 | Retail | Anchored | Fee | NAP | 5 Plaistow Road | ||
17 | Loan | 3100 Alvin Devane | Carter F. Sackman, Sr.; James F. Hefelfinger | 1 | Office | Suburban | Fee | NAP | 3100 Alvin Devane Boulevard | ||
18 | Loan | Home2 Suites by Hilton Charlotte University Research Park | Timothy Black; Thomas Black | 1 | Hotel | Extended Stay | Fee | NAP | 625 McCullough Drive | ||
19 | Loan | Rochester Portfolio | Aydin Yoruk; Ergun Yoruk | 4 | Various | Various | Fee | NAP | Various | ||
19.01 | Property | Westfall Townhomes | 1 | Multifamily | Garden | Fee | NAP | 420 Westfall Road | |||
19.02 | Property | Jefferson Plaza | 1 | Retail | Unanchored | Fee | NAP | 376 Jefferson Road | |||
19.03 | Property | Saginaw Plaza | 1 | Mixed Use | Retail/Office | Fee | NAP | 1425 Jefferson Road | |||
19.04 | Property | South Winton Court | 1 | Office | Suburban | Fee | NAP | 3136 Winton Road South | |||
20 | Loan | 1447 Enterprise Boulevard | Michel Rosenberg a/k/a Michael Rosenberg | 1 | Industrial | Manufacturing | Fee | NAP | 1447 Enterprise Boulevard | ||
21 | Loan | Shabsels Fee Portfolio | Michael Shabsels; David Shabsels | 2 | Other | Leased Fee | Fee | NAP | Various | ||
21.01 | Property | 9 Farm Springs | 1 | Other | Leased Fee | Fee | NAP | 9 Farm Springs Road | |||
21.02 | Property | Clocktower Place | 1 | Other | Leased Fee | Fee | NAP | 11200-11314 West Florissant Avenue | |||
22 | Loan | Greenfield Gateway | Christopher P. Hinkson and Shannon Hinkson, as trustees of The Christopher and Shannon Hinkson Revocable Trust; Christopher P. Hinkson | 1 | Retail | Anchored | Fee | NAP | 1728 and 1762 South Greenfield Road | ||
23 | Loan | Gatlin Retail Portfolio | Franklin Gatlin III; Franklin C. Gatlin, III, As Trustee of the Franklin C. Gatlin, III Trust, A Revocable inter vivos trust dated December 16, 2003 | 2 | Retail | Anchored | Fee | NAP | Various | ||
23.01 | Property | The Forum at Gateways | 1 | Retail | Anchored | Fee | NAP | 44575 Mound Road | |||
23.02 | Property | Wilson Square Shopping Center | 1 | Retail | Anchored | Fee | NAP | 6855 Wilson Boulevard | |||
24 | Loan | Paradise Shoppes of Summerville | NADG US Supermarket Anchored Fund (Canadian) Limited Partnership; NADG US Supermarket Anchored Fund (U.S.) Limited Partnership | 1 | Retail | Anchored | Fee | NAP | 1559-1585 Central Avenue | ||
25 | Loan | Wyndham - Norfolk | Parul Randeria | 1 | Hotel | Full Service | Fee | NAP | 700 Monticello Avenue | ||
26 | Loan | Sharonville Plaza | Todd M. Gordon | 1 | Retail | Anchored | Fee | NAP | 11973 Lebanon Road | ||
27 | Loan | Bemidji Mixed Use Portfolio | Sanjay C. Patel | 4 | Various | Various | Fee | NAP | Various | ||
27.01 | Property | Cottage Park Townhomes | 1 | Multifamily | Garden | Fee | NAP | 3001 Goldencrest Court Northwest | |||
27.02 | Property | Supreme Business Center | 1 | Mixed Use | Office/Retail | Fee | NAP | 677 Anne Street Northwest | |||
27.03 | Property | 519 Anne Street Northwest | 1 | Mixed Use | Office/Retail | Fee | NAP | 519 Anne Street Northwest | |||
27.04 | Property | Stonegate Studios | 1 | Multifamily | Garden | Fee | NAP | 1910 Norton Avenue Northwest | |||
28 | Loan | Home2 Suites OKC | Kalpana N. Patel; Shaurin N. Patel | 1 | Hotel | Extended Stay | Fee | NAP | 4311 Southwest 15th Street | ||
29 | Loan | Hy-Vee Omaha | Edward Barkett | 1 | Retail | Single Tenant | Fee | NAP | 17810 Welch Plaza | ||
30 | Loan | Plaza at Santa Barbara | Richard Vetter | 1 | Retail | Unanchored | Fee | NAP | 5555 Golden Gate Parkway | ||
31 | Loan | Phoenix Industrial Portfolio II | Irrevocable Children’s Trust dated 7/22/91; Irrevocable Children’s Trust No. 2 dated 7/22/91 | 5 | Industrial | Various | Fee | NAP | Various | ||
31.01 | Property | DuBois | 1 | Industrial | Warehouse | Fee | NAP | 851-891 Beaver Drive | |||
31.02 | Property | Jefferson | 1 | Industrial | Warehouse | Fee | NAP | 351 Collins Road | |||
31.03 | Property | Flint | 1 | Industrial | Manufacturing | Fee | NAP | 4444 West Maple Avenue |
A-1-3
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
AND MORTGAGED PROPERTIES
MORTGAGED PROPERTY CHARACTERISTICS | |||||||||||
Loan ID | Footnotes | Flag | Deal Name | Non-Recourse Carveout Guarantor | No. of Properties | General Property Type | Detailed Property Type | Title Type(4)(5) | Ground Lease Initial Lease Expiration Date(5) | Address | |
31.04 | Property | Beloit | 1 | Industrial | Warehouse | Fee | NAP | 1 Reynolds Drive | |||
31.05 | Property | Huntsville | 1 | Industrial | Warehouse | Fee | NAP | 1000 James Record Road | |||
32 | Loan | LA Fitness Riverside | Thomas Loeswick; Dale L. Petterson; The Dale L. Petterson Revocable Trust | 1 | Retail | Single Tenant | Fee | NAP | 2600 Canyon Springs Parkway | ||
33 | Loan | Cedar Trails Apartments | Corey Miller; Furqan Huda; Mathias Rickert; Patrick T. Poling; William C. Mara | 1 | Multifamily | Garden | Fee | NAP | 3700 McDonald Road | ||
34 | Loan | Maple Ridge Townhomes | Leonard W. Moore III | 1 | Multifamily | Garden | Fee | NAP | 100-155 East Maple Ridge Court | ||
35 | Loan | Bassett Furniture - King of Prussia | Yunhai Zhang | 1 | Retail | Single Tenant | Fee | NAP | 611 West Dekalb Pike | ||
36 | Loan | Villa Carmel | Wayne Comfort | 1 | Manufactured Housing Community | Manufactured Housing Community | Fee | NAP | 16205, 16225, and 16251 North Cave Creek Road | ||
37 | Loan | Osprey Cove South | Grant Matthew Miller | 1 | Multifamily | Garden | Fee | NAP | 1832 Wilmington Highway | ||
38 | Loan | Del Mar Terrace Apartments | Heers Family Trust dated March 16, 1983, as restated on April 28, 2017 | 1 | Multifamily | Garden | Fee | NAP | 7007 West Indian School Road | ||
39 | Loan | Palm View Estates | Michael Grabowski; Neal Grabowski | 1 | Manufactured Housing Community | Manufactured Housing Community | Fee | NAP | 64550 Pierson Boulevard | ||
40 | Loan | Alma Elliot Square Shopping Center | Investment Concepts, Inc.; George A. Chami | 1 | Retail | Shadow Anchored | Fee | NAP | 935-985 West Elliot Road | ||
41 | Loan | West Salem MHP | Sergio Mariaca; Matthew Purse; Elizabeth Mariaca-Sheard | 1 | Manufactured Housing Community | Manufactured Housing Community | Fee | NAP | 800 West Avenue North | ||
42 | Loan | 4 Mountainview Terrace | Moishe Samet | 1 | Office | Suburban | Fee | NAP | 4 Mountainview Road | ||
43 | Loan | Fairfield Inn and Suites Fredericksburg | Sushil S. Jhangiani; Dilip K. Malkani | 1 | Hotel | Limited Service | Fee | NAP | 513 Friendship Lane | ||
44 | Loan | Allen Ridge Luxury Apartments | Kevin Pagliari; Leslie Pagliari | 1 | Multifamily | Garden | Fee | NAP | 1412 Chestnut Ridge Circle | ||
45 | Loan | Hampton Inn - McLeansville (Greensboro East) | Hiren Patel; Balkrishna Patel | 1 | Hotel | Limited Service | Fee | NAP | 903 Knox Road | ||
46 | Loan | Courtyard by Marriott Secaucus | Leslie Ng; Paul A. Nussbaum | 1 | Hotel | Limited Service | Leasehold | 6/28/2037 | 455 Harmon Meadow Boulevard | ||
47 | Loan | 48 Brookfield Oaks Dr | William R. Elliott; Thomas E. Messier | 1 | Industrial | Flex | Fee | NAP | 48 Brookfield Oaks Drive | ||
48 | Loan | Studio 9Forty Apartments | Stephan P. Nemeth; Brian G. McCarthy; George P. Edwards, III; Andrew Pinckney; Alastair C. Pimm; Alexander N. Holt | 1 | Multifamily | Garden | Fee | NAP | 940 Piedmont Avenue Northeast | ||
49 | Loan | Erie Plaza | Isaac Gindi; Steven Botton; Noah Gindi | 1 | Retail | Anchored | Fee | NAP | 1240 East Erie Avenue | ||
50 | Loan | 2375 South 9th Street | David E. Cunningham | 1 | Retail | Unanchored | Fee | NAP | 2375 South 9th Street | ||
51 | Loan | Delano MHP | Simcha Yisroel Obermeister; TJO 12-16 Trust | 1 | Manufactured Housing Community | Manufactured Housing Community | Fee | NAP | 4 Dom Drive | ||
52 | Loan | Crunch Fitness Tuscaloosa | Julien Plouffe | 1 | Retail | Single Tenant | Fee | NAP | 3325 Mcfarland Boulevard East | ||
53 | Loan | Anchor Danly - Ithaca | Mark Weber | 1 | Industrial | Manufacturing | Fee | NAP | 255 Industrial Parkway | ||
54 | Loan | Belle Place MHC | Michael D. Hyatt; Kris A. Hodges | 1 | Manufactured Housing Community | Manufactured Housing Community | Fee | NAP | 600 Saint Nazaire Road | ||
55 | Loan | Middlefield MHC | Andrew S. Lanoie; Michael L. Ayala | 1 | Manufactured Housing Community | Manufactured Housing Community | Fee | NAP | 15871 Adams Road |
A-1-4
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
AND MORTGAGED PROPERTIES
MORTGAGED PROPERTY CHARACTERISTICS | MORTGAGE LOAN CHARACTERISTICS | |||||||||||||||||||||||
Loan ID | Footnotes | Flag | Deal Name | City | County | State | Zip Code | Year Built | Year Renovated | Net Rentable Area SF/Units/ Rooms(5)(6) | Units of Measure | Occupancy Rate(7) | Occupancy Rate As-of Date(7) | Appraised Value(8) | Appraisal As-of Date(8) | Interest Rate % | Admin Fee Rate %(9) | Net Mortgage Rate % | Interest Accrual Basis | Seasoning (mos.) | ARD (Yes/No)(10) | Original Term to Maturity (mos.) | Remaining Term to Maturity (mos.) | |
1 | Loan | The Met Apartments | Las Vegas | Clark | NV | 89108 | 1990 | 2018-2019 | 480 | Units | 91.9% | 10/28/2019 | $77,800,000 | 10/10/2019 | 3.3910% | 0.01575% | 3.37525% | Actual/360 | 1 | No | 120 | 119 | ||
2 | Loan | Palm Beach Estates | Houston | Harris | TX | 77060 | 1977 | 2017 | 881 | Units | 97.2% | 10/10/2019 | $66,200,000 | 09/23/2019 | 4.5000% | 0.01575% | 4.48425% | Actual/360 | 1 | No | 60 | 59 | ||
3 | Loan | Towne Center East | Signal Hill | Los Angeles | CA | 90755 | 1992-1994 | NAP | 154,750 | Square Feet | 100.0% | 10/1/2019 | $61,000,000 | 8/27/2019 | 3.1150% | 0.01575% | 3.09925% | Actual/360 | 2 | No | 120 | 118 | ||
4 | Loan | Farmers Insurance | Caledonia Township | Kent | MI | 49316 | 1990, 1998, 2010 | NAP | 713,935 | Square Feet | 100.0% | 8/27/2019 | $151,200,000 | 8/6/2019 | 3.5500% | 0.01575% | 3.53425% | Actual/360 | 3 | No | 120 | 117 | ||
5 | Loan | ILPT Industrial Portfolio | Various | Various | Various | Various | Various | Various | 8,209,036 | Square Feet | 100.0% | 9/1/2019 | $547,000,000 | Various | 2.6533% | 0.01700% | 2.63626% | Actual/360 | 1 | No | 120 | 119 | ||
5.01 | Property | 1800 Union Airpark Boulevard | Union | Montgomery | OH | 45377 | 2014 | NAP | 1,791,246 | Square Feet | 100.0% | 9/1/2019 | $94,500,000 | 7/15/2019 | ||||||||||
5.02 | Property | 4237-4255 Anson Boulevard | Whitestown | Boone | IN | 46075 | 2006 | 2011 | 1,036,573 | Square Feet | 100.0% | 9/1/2019 | $73,000,000 | 7/16/2019 | ||||||||||
5.03 | Property | 5000 Commerce Way | Petersburg | Dinwiddie | VA | 23803 | 2012 | NAP | 1,016,065 | Square Feet | 100.0% | 9/1/2019 | $69,700,000 | 7/18/2019 | ||||||||||
5.04 | Property | 5142 and 5148 North Hanley Road | St. Louis | St. Louis | MO | 63134 | 2016 | NAP | 430,986 | Square Feet | 100.0% | 9/1/2019 | $61,700,000 | 7/15/2019 | ||||||||||
5.05 | Property | 945 Monument Drive | Lebanon | Boone | IN | 46052 | 2014 | 2015 | 962,500 | Square Feet | 100.0% | 9/1/2019 | $51,200,000 | 7/16/2019 | ||||||||||
5.06 | Property | 2801 Airwest Boulevard | Plainfield | Hendricks | IN | 46168 | 2001 | 2006 | 804,586 | Square Feet | 100.0% | 9/1/2019 | $43,000,000 | 7/16/2019 | ||||||||||
5.07 | Property | 20 Logistics Boulevard | Walton | Boone | KY | 41094 | 2006 | NAP | 603,586 | Square Feet | 100.0% | 9/1/2019 | $41,100,000 | 7/15/2019 | ||||||||||
5.08 | Property | 5500 SE Delaware Ave | Ankeny | Polk | IA | 50021 | 2012 | 2019 | 644,104 | Square Feet | 100.0% | 9/1/2019 | $32,500,000 | 7/23/2019 | ||||||||||
5.09 | Property | 2150 Stanley Road | Plainfield | Hendricks | IN | 46168 | 2007 | NAP | 493,500 | Square Feet | 100.0% | 9/1/2019 | $30,200,000 | 7/16/2019 | ||||||||||
5.10 | Property | 16101 Queens Court | Upper Marlboro | Prince George’s | MD | 20774 | 2016 | NAP | 220,800 | Square Feet | 100.0% | 9/1/2019 | $29,500,000 | 7/16/2019 | ||||||||||
5.11 | Property | 5 Logistics Drive | Carlisle | Cumberland | PA | 17013 | 2016 | NAP | 205,090 | Square Feet | 100.0% | 9/1/2019 | $20,600,000 | 7/16/2019 | ||||||||||
6 | Loan | The Sunstone Apartments | Las Vegas | Clark | NV | 89147 | 1998 | 2018-2019 | 184 | Units | 95.7% | 10/28/2019 | $37,000,000 | 10/10/2019 | 3.3910% | 0.01575% | 3.37525% | Actual/360 | 1 | No | 120 | 119 | ||
7 | Loan | Duane Reade - Columbia University | New York | New York | NY | 10025 | 1930 | 2012 | 7,877 | Square Feet | 100.0% | 10/30/2019 | $31,000,000 | 9/13/2019 | 4.2030% | 0.01575% | 4.18725% | Actual/360 | 1 | No | 120 | 119 | ||
8 | Loan | United Healthcare Office | Las Vegas | Clark | NV | 89128 | 1998 | 2016 | 204,123 | Square Feet | 100.0% | 9/30/2019 | $70,200,000 | 8/23/2019 | 4.9795% | 0.01575% | 4.96373% | Actual/360 | 2 | No | 60 | 58 | ||
9 | Loan | Patriots Crossing Apartments | Louisville | Jefferson | KY | 40214 | 1970-1972 | 2016-2019 | 362 | Units | 97.0% | 9/26/2019 | $27,600,000 | 8/14/2019 | 4.1000% | 0.01575% | 4.08425% | Actual/360 | 2 | No | 120 | 118 | ||
10 | Loan | Redwood Technology Center | Petaluma | Sonoma | CA | 94954 | 2007-2014 | NAP | 154,611 | Square Feet | 94.1% | 7/31/2019 | $51,000,000 | 10/8/2019 | 4.5220% | 0.01575% | 4.50625% | Actual/360 | 1 | No | 120 | 119 | ||
11 | Loan | Edgewood Apartments | Baton Rouge | East Baton Rouge | LA | 70816 | 1985 | NAP | 264 | Units | 90.2% | 9/30/2019 | $25,700,000 | 8/20/2019 | 4.0900% | 0.05575% | 4.03425% | Actual/360 | 2 | No | 120 | 118 | ||
12 | Loan | 420 North Main Street | Montgomery | Kane | IL | 60538 | 1905 | 2019 | 634,968 | Square Feet | 92.5% | 10/1/2019 | $25,500,000 | 10/9/2019 | 4.0600% | 0.01575% | 4.04425% | Actual/360 | 0 | No | 120 | 120 | ||
13 | Loan | Kohl’s Plaza | Nanuet | Rockland | NY | 10954 | 1974 | 2002 | 161,263 | Square Feet | 97.8% | 9/19/2019 | $28,100,000 | 9/13/2019 | 4.5000% | 0.01575% | 4.48425% | Actual/360 | 1 | No | 120 | 119 | ||
14 | Loan | Crimson Retail Portfolio | Various | Various | Various | Various | Various | Various | 318,378 | Square Feet | 95.5% | 9/1/2019 | $45,700,000 | Various | 3.7860% | 0.01575% | 3.77025% | Actual/360 | 1 | No | 120 | 119 | ||
14.01 | Property | Little Elm | Little Elm | Denton | TX | 75068 | 2007 | NAP | 149,654 | Square Feet | 94.7% | 9/1/2019 | $30,400,000 | 9/16/2019 | ||||||||||
14.02 | Property | South Plaza | Brooksville | Hernando | FL | 34601 | 1974, 1977, 1980 | NAP | 127,224 | Square Feet | 95.0% | 9/1/2019 | $9,200,000 | 9/16/2019 | ||||||||||
14.03 | Property | Office Depot | Athens | Clarke | GA | 30606 | 2003 | NAP | 20,000 | Square Feet | 100.0% | 9/1/2019 | $2,950,000 | 9/13/2019 | ||||||||||
14.04 | Property | JoAnn Fabrics | Athens | Clarke | GA | 30606 | 2003 | 2019 | 21,500 | Square Feet | 100.0% | 9/1/2019 | $3,150,000 | 9/13/2019 | ||||||||||
15 | Loan | Presidential City | Philadelphia | Philadelphia | PA | 19131 | 1952 | 2017 | 1,015 | Units | 94.5% | 7/26/2019 | $380,000,000 | 8/29/2019 | 3.4982% | 0.01575% | 3.48241% | Actual/360 | 3 | No | 120 | 117 | ||
16 | Loan | Plaistow Center | Plaistow | Rockingham | NH | 03865 | 1972 | 2018 | 132,380 | Square Feet | 92.8% | 10/8/2019 | $20,200,000 | 8/14/2019 | 4.0200% | 0.07575% | 3.94425% | Actual/360 | 1 | No | 120 | 119 | ||
17 | Loan | 3100 Alvin Devane | Austin | Travis | TX | 78741 | 1986 | 2015 | 70,388 | Square Feet | 100.0% | 6/1/2019 | $18,500,000 | 9/26/2019 | 3.9840% | 0.01575% | 3.96825% | Actual/360 | 1 | No | 120 | 119 | ||
18 | Loan | Home2 Suites by Hilton Charlotte University Research Park | Charlotte | Mecklenburg | NC | 28262 | 2016 | NAP | 105 | Rooms | 80.6% | 6/30/2019 | $19,800,000 | 8/26/2019 | 4.2100% | 0.07575% | 4.13425% | Actual/360 | 1 | No | 120 | 119 | ||
19 | Loan | Rochester Portfolio | Rochester | Monroe | NY | Various | Various | Various | Various | Various | Various | Various | $24,725,000 | 8/28/2019 | 4.3500% | 0.07575% | 4.27425% | Actual/360 | 1 | No | 120 | 119 | ||
19.01 | Property | Westfall Townhomes | Rochester | Monroe | NY | 14620 | 2008-2012 | 2018 | 41 | Units | 100.0% | 9/1/2019 | $6,225,000 | 8/28/2019 | ||||||||||
19.02 | Property | Jefferson Plaza | Rochester | Monroe | NY | 14623 | 1991 | 2013 | 65,882 | Square Feet | 100.0% | 10/1/2019 | $8,600,000 | 8/28/2019 | ||||||||||
19.03 | Property | Saginaw Plaza | Rochester | Monroe | NY | 14623 | 1985 | 2019 | 40,426 | Square Feet | 90.4% | 10/1/2019 | $4,500,000 | 8/28/2019 | ||||||||||
19.04 | Property | South Winton Court | Rochester | Monroe | NY | 14623 | 1987 | 2017 | 48,272 | Square Feet | 72.7% | 10/1/2019 | $5,400,000 | 8/28/2019 | ||||||||||
20 | Loan | 1447 Enterprise Boulevard | Kinston | Lenoir | NC | 28504 | 1994 | NAP | 409,695 | Square Feet | 100.0% | 10/22/2019 | $17,100,000 | 10/14/2019 | 4.4000% | 0.01575% | 4.38425% | Actual/360 | 1 | No | 120 | 119 | ||
21 | Loan | Shabsels Fee Portfolio | Various | Various | Various | Various | Various | Various | 339,606 | Square Feet | 95.0% | Various | $16,200,000 | Various | 5.0000% | 0.01575% | 4.98425% | Actual/360 | 1 | No | 120 | 119 | ||
21.01 | Property | 9 Farm Springs | Farmington | Hartford | CT | 06032 | 1980 | 2017 | 132,289 | Square Feet | 100.0% | 6/1/2019 | $9,000,000 | 6/18/2019 | ||||||||||
21.02 | Property | Clocktower Place | Florissant | St. Louis | MO | 63033 | 1987 | NAP | 207,317 | Square Feet | 89.8% | 10/9/2019 | $7,200,000 | 6/13/2019 | ||||||||||
22 | Loan | Greenfield Gateway | Mesa | Maricopa | AZ | 85026 | 2005 | 2018 | 67,709 | Square Feet | 95.2% | 10/22/2019 | $19,500,000 | 04/18/2019 | 3.9600% | 0.01575% | 3.94425% | Actual/360 | 1 | No | 120 | 119 | ||
23 | Loan | Gatlin Retail Portfolio | Various | Various | Various | Various | Various | Various | 324,261 | Square Feet | 87.6% | Various | $30,950,000 | Various | 3.9400% | 0.01575% | 3.92425% | Actual/360 | 2 | No | 120 | 118 | ||
23.01 | Property | The Forum at Gateways | Sterling Heights | Macomb | MI | 48314 | 1998-1999 | 2002 | 256,212 | Square Feet | 85.4% | 7/31/2019 | $21,750,000 | 7/25/2019 | ||||||||||
23.02 | Property | Wilson Square Shopping Center | Jacksonville | Duval | FL | 32210 | 1987 | 2013;2019 | 68,049 | Square Feet | 96.9% | 8/16/2019 | $9,200,000 | 8/14/2019 | ||||||||||
24 | Loan | Paradise Shoppes of Summerville | Summerville | Dorchester | SC | 29483 | 2006 | NAP | 62,797 | Square Feet | 97.8% | 9/1/2019 | $13,400,000 | 8/6/2019 | 3.9100% | 0.01575% | 3.89425% | Actual/360 | 2 | No | 120 | 118 | ||
25 | Loan | Wyndham - Norfolk | Norfolk | Norfolk | VA | 23510 | 1951 | 2016 | 204 | Rooms | 72.3% | 8/31/2019 | $20,500,000 | 8/14/2019 | 4.2310% | 0.01575% | 4.21525% | Actual/360 | 1 | No | 120 | 119 | ||
26 | Loan | Sharonville Plaza | Sharonville | Hamilton | OH | 45241 | 1978, 2015, 2019 | 2004, 2009, 2018 | 137,943 | Square Feet | 98.3% | 9/1/2019 | $11,300,000 | 8/28/2019 | 4.0890% | 0.07575% | 4.01325% | Actual/360 | 1 | No | 120 | 119 | ||
27 | Loan | Bemidji Mixed Use Portfolio | Bemidji | Beltrami | MN | 56601 | Various | NAP | Various | Various | 100.0% | 10/1/2019 | $12,570,000 | 9/5/2019 | 4.6000% | 0.01575% | 4.58425% | Actual/360 | 1 | No | 120 | 119 | ||
27.01 | Property | Cottage Park Townhomes | Bemidji | Beltrami | MN | 56601 | 1997 | NAP | 48 | Units | 100.0% | 10/1/2019 | $5,200,000 | 9/5/2019 | ||||||||||
27.02 | Property | Supreme Business Center | Bemidji | Beltrami | MN | 56601 | 2006 | NAP | 18,900 | Square Feet | 100.0% | 10/1/2019 | $3,170,000 | 9/5/2019 | ||||||||||
27.03 | Property | 519 Anne Street Northwest | Bemidji | Beltrami | MN | 56601 | 2003 | NAP | 15,000 | Square Feet | 100.0% | 10/1/2019 | $2,400,000 | 9/5/2019 | ||||||||||
27.04 | Property | Stonegate Studios | Bemidji | Beltrami | MN | 56601 | 2015 | NAP | 26 | Units | 100.0% | 10/1/2019 | $1,800,000 | 9/5/2019 | ||||||||||
28 | Loan | Home2 Suites OKC | Oklahoma City | Oklahoma | OK | 73108 | 2017 | NAP | 115 | Rooms | 76.0% | 8/31/2019 | $13,700,000 | 09/17/2019 | 4.6000% | 0.01575% | 4.58425% | Actual/360 | 0 | No | 120 | 120 | ||
29 | Loan | Hy-Vee Omaha | Omaha | Douglas | NE | 68135 | 2003 | 2016 | 80,444 | Square Feet | 100.0% | 10/1/2019 | $12,200,000 | 9/17/2019 | 4.3700% | 0.01575% | 4.35425% | Actual/360 | 1 | No | 120 | 119 | ||
30 | Loan | Plaza at Santa Barbara | Naples | Collier | FL | 34116 | 1985 | 2011 | 54,674 | Square Feet | 91.2% | 4/23/2019 | $13,300,000 | 5/2/2019 | 4.1000% | 0.01575% | 4.08425% | Actual/360 | 0 | No | 120 | 120 | ||
31 | Loan | Phoenix Industrial Portfolio II | Various | Various | Various | Various | Various | Various | 2,390,648 | Square Feet | 99.5% | 9/6/2019 | $91,700,000 | Various | 4.4500% | 0.01575% | 4.43425% | Actual/360 | 2 | No | 120 | 118 | ||
31.01 | Property | DuBois | DuBois | Pennsylvania | PA | 15801 | 1961 & 1988 | 1988 | 612,800 | Square Feet | 100.0% | 9/6/2019 | $19,200,000 | 8/16/2019 | ||||||||||
31.02 | Property | Jefferson | Jefferson | Jefferson | WI | 53549 | 1995-2014 | NAP | 591,840 | Square Feet | 100.0% | 9/6/2019 | $19,200,000 | 8/12/2019 | ||||||||||
31.03 | Property | Flint | Flint | Genesee | MI | 48507 | 2006 | NAP | 460,000 | Square Feet | 100.0% | 9/6/2019 | $22,400,000 | 8/8/2019 |
A-1-5
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
AND MORTGAGED PROPERTIES
MORTGAGED PROPERTY CHARACTERISTICS | MORTGAGE LOAN CHARACTERISTICS | |||||||||||||||||||||||
Loan ID | Footnotes | Flag | Deal Name | City | County | State | Zip Code | Year Built | Year Renovated | Net Rentable Area SF/Units/ Rooms(5)(6) | Units of Measure | Occupancy Rate(7) | Occupancy Rate As-of Date(7) | Appraised Value(8) | Appraisal As-of Date(8) | Interest Rate % | Admin Fee Rate %(9) | Net Mortgage Rate % | Interest Accrual Basis | Seasoning (mos.) | ARD (Yes/No)(10) | Original Term to Maturity (mos.) | Remaining Term to Maturity (mos.) | |
31.04 | Property | Beloit | Beloit | Rock | WI | 53511 | 1974 | 2011 | 413,903 | Square Feet | 100.0% | 9/6/2019 | $19,400,000 | 8/12/2019 | ||||||||||
31.05 | Property | Huntsville | Huntsville | Madison | AL | 35724 | 1976 | 2017 | 312,105 | Square Feet | 95.9% | 9/6/2019 | $11,500,000 | 8/19/2019 | ||||||||||
32 | Loan | LA Fitness Riverside | Riverside | Riverside | CA | 92507 | 2006 | NAP | 45,000 | Square Feet | 100.0% | 10/1/2019 | $14,600,000 | 09/24/2019 | 3.9200% | 0.05575% | 3.86425% | Actual/360 | 0 | Yes | 120 | 120 | ||
33 | Loan | Cedar Trails Apartments | Tyler | Smith | TX | 75701 | 1984 | NAP | 120 | Units | 94.1% | 10/7/2019 | $10,500,000 | 9/26/2019 | 4.1300% | 0.01575% | 4.11425% | Actual/360 | 1 | No | 120 | 119 | ||
34 | Loan | Maple Ridge Townhomes | Midlothian | Ellis | TX | 76065 | 2017 | NAP | 52 | Units | 96.2% | 8/17/2019 | $10,840,000 | 9/3/2019 | 4.0600% | 0.01575% | 4.04425% | Actual/360 | 1 | No | 120 | 119 | ||
35 | Loan | Bassett Furniture - King of Prussia | King of Prussia | Montgomery | PA | 19406 | 2017 | NAP | 18,000 | Square Feet | 100.0% | 11/1/2019 | $11,900,000 | 9/23/2019 | 4.3900% | 0.01575% | 4.37425% | Actual/360 | 1 | No | 60 | 59 | ||
36 | Loan | Villa Carmel | Phoenix | Maricopa | AZ | 85032 | 1970 | NAP | 145 | Pads | 89.7% | 10/08/2019 | $11,260,000 | 10/10/2019 | 4.4100% | 0.01575% | 4.39425% | Actual/360 | 1 | No | 120 | 119 | ||
37 | Loan | Osprey Cove South | Jacksonville | Onslow | NC | 28540 | 1969 | 2019 | 228 | Units | 96.5% | 9/16/2019 | $9,600,000 | 9/17/2019 | 4.2110% | 0.01575% | 4.19525% | Actual/360 | 1 | No | 120 | 119 | ||
38 | Loan | Del Mar Terrace Apartments | Phoenix | Maricopa | AZ | 85033 | 1985 | NAP | 1,012 | Units | 96.6% | 6/17/2019 | $99,900,000 | 6/7/2019 | 2.9000% | 0.01700% | 2.88300% | Actual/360 | 5 | No | 120 | 115 | ||
39 | Loan | Palm View Estates | Desert Hot Springs | Riverside | CA | 92240 | 1972 | 2018 | 120 | Units | 71.7% | 10/1/2019 | $9,270,000 | 8/15/2019 | 4.2800% | 0.01575% | 4.26425% | Actual/360 | 0 | No | 120 | 120 | ||
40 | Loan | Alma Elliot Square Shopping Center | Chandler | Maricopa | AZ | 85225 | 1985 | NAP | 62,164 | Square Feet | 62.0% | 9/6/2019 | $9,700,000 | 8/19/2019 | 4.4500% | 0.01575% | 4.43425% | Actual/360 | 3 | No | 120 | 117 | ||
41 | Loan | West Salem MHP | West Salem | La Crosse | WI | 54669 | 1970 | NAP | 262 | Pads | 97.7% | 9/20/2019 | $8,620,000 | 9/18/2019 | 4.0500% | 0.01575% | 4.03425% | Actual/360 | 1 | No | 120 | 119 | ||
42 | Loan | 4 Mountainview Terrace | Danbury | Fairfield | CT | 06810 | 1981 | NAP | 64,255 | Square Feet | 81.0% | 8/1/2019 | $8,000,000 | 9/5/2019 | 4.2115% | 0.01575% | 4.19575% | Actual/360 | 2 | No | 120 | 118 | ||
43 | Loan | Fairfield Inn and Suites Fredericksburg | Fredericksburg | Gillespie | TX | 78624 | 2015 | NAP | 78 | Rooms | 64.0% | 8/31/2019 | $8,200,000 | 9/15/2019 | 4.4500% | 0.01575% | 4.43425% | Actual/360 | 1 | No | 120 | 119 | ||
44 | Loan | Allen Ridge Luxury Apartments | Greenville | Pitt | NC | 27834 | 2008-2010, 2012 | NAP | 56 | Units | 100.0% | 9/20/2019 | $8,600,000 | 7/27/2019 | 4.4000% | 0.01575% | 4.38425% | Actual/360 | 1 | No | 120 | 119 | ||
45 | Loan | Hampton Inn - McLeansville (Greensboro East) | McLeansville | Guilford | NC | 27301 | 2000 | 2018 | 78 | Rooms | 62.9% | 8/31/2019 | $9,400,000 | 9/19/2019 | 4.3790% | 0.01575% | 4.36325% | Actual/360 | 1 | No | 120 | 119 | ||
46 | Loan | Courtyard by Marriott Secaucus | Secaucus | Hudson | NJ | 07094 | 1989 | 2019 | 168 | Rooms | 75.5% | 7/31/2019 | $25,500,000 | 8/1/2019 | 4.2500% | 0.01575% | 4.23425% | Actual/360 | 2 | No | 120 | 118 | ||
47 | Loan | 48 Brookfield Oaks Dr | Greenville | Greenville | SC | 29607 | 2007 | NAP | 64,880 | Square Feet | 100.0% | 10/1/2019 | $7,000,000 | 8/22/2019 | 3.9000% | 0.09575% | 3.80425% | Actual/360 | 1 | No | 120 | 119 | ||
48 | Loan | Studio 9Forty Apartments | Atlanta | Fulton | GA | 30309 | 1924 | 2019 | 24 | Units | 100.0% | 8/14/2019 | $6,300,000 | 7/22/2019 | 4.1500% | 0.01575% | 4.13425% | Actual/360 | 3 | No | 120 | 117 | ||
49 | Loan | Erie Plaza | Philadelphia | Philadelphia | PA | 19124 | 1978 | 2005, 2019 | 34,667 | Square Feet | 100.0% | 7/23/2019 | $5,700,000 | 7/3/2019 | 4.3500% | 0.01575% | 4.33425% | Actual/360 | 1 | No | 120 | 119 | ||
50 | Loan | 2375 South 9th Street | Salina | Saline | KS | 67401 | 2018 | NAP | 9,493 | Square Feet | 100.0% | 7/2/2019 | $5,400,000 | 8/31/2019 | 4.0200% | 0.01575% | 4.00425% | Actual/360 | 2 | No | 120 | 118 | ||
51 | Loan | Delano MHP | Monticello | Sullivan | NY | 12701 | 1951 | NAP | 109 | Pads | 82.6% | 10/3/2019 | $4,990,000 | 10/25/2019 | 4.5800% | 0.01575% | 4.56425% | Actual/360 | 1 | No | 120 | 119 | ||
52 | Loan | Crunch Fitness Tuscaloosa | Tuscaloosa | Tuscaloosa | AL | 35405 | 2013 | 2018 | 42,274 | Square Feet | 100.0% | 9/24/2019 | $4,450,000 | 9/4/2019 | 4.1900% | 0.01575% | 4.17425% | Actual/360 | 2 | No | 120 | 118 | ||
53 | Loan | Anchor Danly - Ithaca | Ithaca | Gratiot | MI | 48847 | 1983 | 1999 | 60,597 | Square Feet | 100.0% | 12/6/2019 | $5,480,000 | 9/23/2019 | 5.2800% | 0.01575% | 5.26425% | Actual/360 | 2 | No | 120 | 118 | ||
54 | Loan | Belle Place MHC | Broussard | Lafayette | LA | 70518 | 1975 | 2008 | 101 | Pads | 100.0% | 9/26/2019 | $3,350,000 | 10/8/2019 | 4.0500% | 0.01575% | 4.03425% | Actual/360 | 1 | No | 120 | 119 | ||
55 | Loan | Middlefield MHC | Middlefield | Geauga | OH | 44062 | 1970 | NAP | 152 | Pads | 82.2% | 8/6/2019 | $3,340,000 | 7/2/2019 | 4.5000% | 0.01575% | 4.48425% | Actual/360 | 3 | No | 120 | 117 |
A-1-6
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
AND MORTGAGED PROPERTIES
MORTGAGE LOAN CHARACTERISTICS | ||||||||||||||||||||||||||
Loan ID | Footnotes | Flag | Deal Name | Original Interest-Only Period (mos.) | Remaining Interest-Only Period (mos.) | Original Amortization Term (mos.) | Remaining Amortization Term (mos.) | Note Date | First Payment Date | First P&I Payment Date (Partial IO Loans) | Maturity Date | ARD Loan Stated Maturity Date | Monthly Debt Service (P&I) | Monthly Debt Service (IO) | Annual Debt Service (P&I) | Annual Debt Service (IO) | Lockbox Type(11) | Cash Management Status | Crossed With Other Loans | Related-Borrower Loans | UW NOI DSCR (P&I)(11) | UW NOI DSCR (IO) | UW NCF DSCR (P&I)(12) | UW NCF DSCR (IO) | Cut-Off Date LTV Ratio(8) | Maturity Date LTV Ratio(8) |
1 | Loan | The Met Apartments | 120 | 119 | 0 | 0 | 10/30/2019 | 12/1/2019 | NAP | 11/1/2029 | 11/1/2029 | NAP | $148,697.70 | NAP | $1,784,372 | Soft | Springing | No | Group A | NAP | 2.32x | NAP | 2.25x | 66.7% | 66.7% | |
2 | Loan | Palm Beach Estates | 0 | 0 | 360 | 359 | 11/01/2019 | 12/01/2019 | NAP | 11/01/2024 | 11/01/2024 | $214,707.90 | NAP | $2,576,495 | NAP | Soft | Springing | No | No | 1.87x | NAP | 1.78x | NAP | 63.9% | 58.6% | |
3 | Loan | Towne Center East | 120 | 118 | 0 | 0 | 9/27/2019 | 11/1/2019 | NAP | 10/1/2029 | 10/1/2029 | NAP | $101,459.23 | NAP | $1,217,511 | Hard | Springing | No | Group A | NAP | 2.98x | NAP | 2.80x | 63.2% | 63.2% | |
4 | Loan | Farmers Insurance | 60 | 57 | 360 | 360 | 8/27/2019 | 10/9/2019 | 10/9/2024 | 9/9/2029 | 9/9/2029 | $164,695.83 | $109,328.91 | $1,976,350 | $1,311,947 | Hard | In-Place | No | No | 1.85x | 2.79x | 1.82x | 2.75x | 63.8% | 57.4% | |
5 | Loan | ILPT Industrial Portfolio | 120 | 119 | 0 | 0 | 10/21/2019 | 12/7/2019 | NAP | 11/7/2029 | 11/7/2029 | NAP | $76,937.17 | NAP | $923,246 | Hard | Springing | No | No | NAP | 5.52x | NAP | 5.05x | 39.2% | 39.2% | |
5.01 | Property | 1800 Union Airpark Boulevard | NAP | 5.52x | NAP | 5.05x | 39.2% | 39.2% | ||||||||||||||||||
5.02 | Property | 4237-4255 Anson Boulevard | NAP | 5.52x | NAP | 5.05x | 39.2% | 39.2% | ||||||||||||||||||
5.03 | Property | 5000 Commerce Way | NAP | 5.52x | NAP | 5.05x | 39.2% | 39.2% | ||||||||||||||||||
5.04 | Property | 5142 and 5148 North Hanley Road | NAP | 5.52x | NAP | 5.05x | 39.2% | 39.2% | ||||||||||||||||||
5.05 | Property | 945 Monument Drive | NAP | 5.52x | NAP | 5.05x | 39.2% | 39.2% | ||||||||||||||||||
5.06 | Property | 2801 Airwest Boulevard | NAP | 5.52x | NAP | 5.05x | 39.2% | 39.2% | ||||||||||||||||||
5.07 | Property | 20 Logistics Boulevard | NAP | 5.52x | NAP | 5.05x | 39.2% | 39.2% | ||||||||||||||||||
5.08 | Property | 5500 SE Delaware Ave | NAP | 5.52x | NAP | 5.05x | 39.2% | 39.2% | ||||||||||||||||||
5.09 | Property | 2150 Stanley Road | NAP | 5.52x | NAP | 5.05x | 39.2% | 39.2% | ||||||||||||||||||
5.10 | Property | 16101 Queens Court | NAP | 5.52x | NAP | 5.05x | 39.2% | 39.2% | ||||||||||||||||||
5.11 | Property | 5 Logistics Drive | NAP | 5.52x | NAP | 5.05x | 39.2% | 39.2% | ||||||||||||||||||
6 | Loan | The Sunstone Apartments | 120 | 119 | 0 | 0 | 10/30/2019 | 12/1/2019 | NAP | 11/1/2029 | 11/1/2029 | NAP | $67,329.40 | NAP | $807,953 | Soft | Springing | No | Group A | NAP | 2.20x | NAP | 2.14x | 63.5% | 63.5% | |
7 | Loan | Duane Reade - Columbia University | 120 | 119 | 0 | 0 | 10/30/2019 | 12/6/2019 | NAP | 11/6/2029 | 11/6/2029 | NAP | $74,574.06 | NAP | $894,889 | Hard | Springing | No | No | NAP | 1.59x | NAP | 1.58x | 67.7% | 67.7% | |
8 | Loan | United Healthcare Office | 24 | 22 | 360 | 360 | 10/4/2019 | 11/6/2019 | 11/6/2021 | 10/6/2024 | 10/6/2024 | $107,113.65 | $84,143.99 | $1,285,364 | $1,009,728 | Hard | Springing | No | No | 1.58x | 2.02x | 1.56x | 1.99x | 66.7% | 63.7% | |
9 | Loan | Patriots Crossing Apartments | 36 | 34 | 360 | 360 | 10/4/2019 | 11/6/2019 | 11/6/2022 | 10/6/2029 | 10/6/2029 | $96,639.67 | $69,282.41 | $1,159,676 | $831,389 | Springing | Springing | No | No | 1.69x | 2.36x | 1.61x | 2.25x | 72.5% | 62.8% | |
10 | Loan | Redwood Technology Center | 60 | 59 | 360 | 360 | 11/8/2019 | 12/6/2019 | 12/6/2024 | 11/6/2029 | 11/6/2029 | $101,598.67 | $76,413.43 | $1,219,184 | $916,961 | Springing | Springing | No | No | 1.60x | 2.12x | 1.55x | 2.06x | 71.6% | 65.5% | |
11 | Loan | Edgewood Apartments | 0 | 0 | 360 | 358 | 9/26/2019 | 11/6/2019 | NAP | 10/6/2029 | 10/6/2029 | $89,525.72 | NAP | $1,074,309 | NAP | Springing | Springing | No | No | 1.47x | NAP | 1.39x | NAP | 72.0% | 57.5% | |
12 | Loan | 420 North Main Street | 12 | 12 | 360 | 360 | 11/5/2019 | 1/1/2020 | 1/1/2021 | 12/1/2029 | 12/1/2029 | $85,356.35 | $60,888.25 | $1,024,276 | $730,659 | Springing | Springing | No | No | 1.94x | 2.71x | 1.82x | 2.56x | 69.6% | 57.1% | |
13 | Loan | Kohl’s Plaza | 120 | 119 | 0 | 0 | 10/28/2019 | 12/6/2019 | NAP | 11/6/2029 | 11/6/2029 | NAP | $64,635.42 | NAP | $775,625 | Springing | Springing | No | No | NAP | 1.98x | NAP | 1.87x | 60.5% | 60.5% | |
14 | Loan | Crimson Retail Portfolio | 30 | 29 | 360 | 360 | 10/24/2019 | 12/6/2019 | 6/6/2022 | 11/6/2029 | 11/6/2029 | $77,013.18 | $52,960.45 | $924,158 | $635,525 | Hard | Springing | No | No | 1.94x | 2.83x | 1.83x | 2.66x | 72.5% | 61.5% | |
14.01 | Property | Little Elm | 1.94x | 2.83x | 1.83x | 2.66x | 72.5% | 61.5% | ||||||||||||||||||
14.02 | Property | South Plaza | 1.94x | 2.83x | 1.83x | 2.66x | 72.5% | 61.5% | ||||||||||||||||||
14.03 | Property | Office Depot | 1.94x | 2.83x | 1.83x | 2.66x | 72.5% | 61.5% | ||||||||||||||||||
14.04 | Property | JoAnn Fabrics | 1.94x | 2.83x | 1.83x | 2.66x | 72.5% | 61.5% | ||||||||||||||||||
15 | Loan | Presidential City | 120 | 117 | 0 | 0 | 09/06/2019 | 10/08/2019 | NAP | 09/08/2029 | 09/08/2029 | NAP | $44,334.34 | NAP | $532,012 | Soft | In-Place | No | No | NAP | 4.38x | NAP | 4.30x | 30.8% | 30.8% | |
16 | Loan | Plaistow Center | 0 | 0 | 360 | 359 | 10/15/2019 | 12/1/2019 | NAP | 11/1/2029 | 11/1/2029 | $71,785.36 | NAP | $861,424 | NAP | Springing | Springing | No | No | 1.88x | NAP | 1.75x | NAP | 74.2% | 59.0% | |
17 | Loan | 3100 Alvin Devane | 12 | 11 | 360 | 360 | 10/25/2019 | 12/6/2019 | 12/6/2020 | 11/6/2029 | 11/6/2029 | $66,113.45 | $46,704.79 | $793,361 | $560,457 | Hard | In-Place | No | No | 1.53x | 2.16x | 1.43x | 2.02x | 75.0% | 61.4% | |
18 | Loan | Home2 Suites by Hilton Charlotte University Research Park | 0 | 0 | 360 | 359 | 10/10/2019 | 12/1/2019 | NAP | 11/1/2029 | 11/1/2029 | $67,809.74 | NAP | $813,717 | NAP | Springing | Springing | No | No | 2.09x | NAP | 1.92x | NAP | 69.9% | 56.0% | |
19 | Loan | Rochester Portfolio | 24 | 23 | 360 | 360 | 10/25/2019 | 12/1/2019 | 12/1/2021 | 11/1/2029 | 11/1/2029 | $65,213.34 | $48,147.05 | $782,560 | $577,765 | Springing | Springing | No | No | 1.97x | 2.66x | 1.79x | 2.42x | 53.0% | 45.1% | |
19.01 | Property | Westfall Townhomes | 1.97x | 2.66x | 1.79x | 2.42x | 53.0% | 45.1% | ||||||||||||||||||
19.02 | Property | Jefferson Plaza | 1.97x | 2.66x | 1.79x | 2.42x | 53.0% | 45.1% | ||||||||||||||||||
19.03 | Property | Saginaw Plaza | 1.97x | 2.66x | 1.79x | 2.42x | 53.0% | 45.1% | ||||||||||||||||||
19.04 | Property | South Winton Court | 1.97x | 2.66x | 1.79x | 2.42x | 53.0% | 45.1% | ||||||||||||||||||
20 | Loan | 1447 Enterprise Boulevard | 0 | 0 | 300 | 299 | 10/30/2019 | 12/6/2019 | NAP | 11/6/2029 | 11/6/2029 | $64,645.18 | NAP | $775,742 | NAP | Hard | Springing | No | No | 1.45x | NAP | 1.31x | NAP | 68.6% | 50.2% | |
21 | Loan | Shabsels Fee Portfolio | 120 | 119 | 0 | 0 | 11/6/2019 | 12/6/2019 | NAP | 11/6/2029 | 11/6/2029 | NAP | $49,004.63 | NAP | $588,056 | Hard | Springing | No | No | NAP | 1.52x | NAP | 1.52x | 71.6% | 71.6% | |
21.01 | Property | 9 Farm Springs | NAP | 1.52x | NAP | 1.52x | 71.6% | 71.6% | ||||||||||||||||||
21.02 | Property | Clocktower Place | NAP | 1.52x | NAP | 1.52x | 71.6% | 71.6% | ||||||||||||||||||
22 | Loan | Greenfield Gateway | 0 | 0 | 360 | 359 | 10/30/2019 | 12/01/2019 | NAP | 11/01/2029 | 11/01/2029 | $51,787.22 | NAP | $621,447 | NAP | Springing | Springing | No | No | 1.87x | NAP | 1.81x | NAP | 55.8% | 44.3% | |
23 | Loan | Gatlin Retail Portfolio | 0 | 0 | 360 | 358 | 9/13/2019 | 11/6/2019 | NAP | 10/6/2029 | 10/6/2029 | $47,396.27 | NAP | $568,755 | NAP | Hard | Springing | No | No | 1.69x | NAP | 1.53x | NAP | 76.6% | 60.9% | |
23.01 | Property | The Forum at Gateways | 1.69x | NAP | 1.53x | NAP | 76.6% | 60.9% | ||||||||||||||||||
23.02 | Property | Wilson Square Shopping Center | 1.69x | NAP | 1.53x | NAP | 76.6% | 60.9% | ||||||||||||||||||
24 | Loan | Paradise Shoppes of Summerville | 36 | 34 | 360 | 360 | 9/19/2019 | 11/1/2019 | 11/1/2022 | 10/1/2029 | 10/1/2029 | $44,154.56 | $30,888.55 | $529,855 | $370,663 | Springing | Springing | No | No | 1.55x | 2.22x | 1.48x | 2.11x | 69.8% | 60.2% | |
25 | Loan | Wyndham - Norfolk | 120 | 119 | 0 | 0 | 11/1/2019 | 12/6/2019 | NAP | 11/6/2029 | 11/6/2029 | NAP | $32,173.23 | NAP | $386,079 | Springing | Springing | No | No | NAP | 5.24x | NAP | 4.68x | 43.9% | 43.9% | |
26 | Loan | Sharonville Plaza | 0 | 0 | 360 | 359 | 11/1/2019 | 12/6/2019 | NAP | 11/6/2029 | 11/6/2029 | $42,947.88 | NAP | $515,375 | NAP | Springing | Springing | No | No | 1.95x | NAP | 1.82x | NAP | 78.6% | 62.8% | |
27 | Loan | Bemidji Mixed Use Portfolio | 0 | 0 | 360 | 359 | 10/28/2019 | 12/6/2019 | NAP | 11/6/2029 | 11/6/2029 | $45,112.70 | NAP | $541,352 | NAP | Springing | Springing | No | No | 1.55x | NAP | 1.41x | NAP | 69.9% | 56.8% | |
27.01 | Property | Cottage Park Townhomes | 1.55x | NAP | 1.41x | NAP | 69.9% | 56.8% | ||||||||||||||||||
27.02 | Property | Supreme Business Center | 1.55x | NAP | 1.41x | NAP | 69.9% | 56.8% | ||||||||||||||||||
27.03 | Property | 519 Anne Street Northwest | 1.55x | NAP | 1.41x | NAP | 69.9% | 56.8% | ||||||||||||||||||
27.04 | Property | Stonegate Studios | 1.55x | NAP | 1.41x | NAP | 69.9% | 56.8% | ||||||||||||||||||
28 | Loan | Home2 Suites OKC | 0 | 0 | 360 | 360 | 11/04/2019 | 01/01/2020 | NAP | 12/01/2029 | 12/01/2029 | $44,856.38 | NAP | $538,277 | NAP | Springing | Springing | No | No | 2.15x | NAP | 1.96x | NAP | 63.9% | 51.8% | |
29 | Loan | Hy-Vee Omaha | 120 | 119 | 0 | 0 | 11/1/2019 | 12/6/2019 | NAP | 11/6/2029 | 11/6/2029 | NAP | $30,461.02 | NAP | $365,532 | Springing | Springing | No | No | NAP | 1.84x | NAP | 1.84x | 67.6% | 67.6% | |
30 | Loan | Plaza at Santa Barbara | 60 | 60 | 360 | 360 | 11/4/2019 | 1/1/2020 | 1/1/2025 | 12/1/2029 | 12/1/2029 | $39,622.27 | $28,405.79 | $475,467 | $340,869 | Springing | Springing | No | No | 1.95x | 2.72x | 1.86x | 2.60x | 61.7% | 56.0% | |
31 | Loan | Phoenix Industrial Portfolio II | 36 | 34 | 360 | 360 | 9/10/2019 | 11/6/2019 | 11/6/2022 | 10/6/2029 | 10/6/2029 | $40,297.50 | $30,078.70 | $483,570 | $360,944 | Hard | Springing | No | No | 1.63x | 2.18x | 1.41x | 1.89x | 74.2% | 64.8% | |
31.01 | Property | DuBois | 1.63x | 2.18x | 1.41x | 1.89x | 74.2% | 64.8% | ||||||||||||||||||
31.02 | Property | Jefferson | 1.63x | 2.18x | 1.41x | 1.89x | 74.2% | 64.8% | ||||||||||||||||||
31.03 | Property | Flint | 1.63x | 2.18x | 1.41x | 1.89x | 74.2% | 64.8% |
A-1-7
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
AND MORTGAGED PROPERTIES
MORTGAGE LOAN CHARACTERISTICS | ||||||||||||||||||||||||||
Loan ID | Footnotes | Flag | Deal Name | Original Interest-Only Period (mos.) | Remaining Interest-Only Period (mos.) | Original Amortization Term (mos.) | Remaining Amortization Term (mos.) | Note Date | First Payment Date | First P&I Payment Date (Partial IO Loans) | Maturity Date | ARD Loan Stated Maturity Date | Monthly Debt Service (P&I) | Monthly Debt Service (IO) | Annual Debt Service (P&I) | Annual Debt Service (IO) | Lockbox Type(11) | Cash Management Status | Crossed With Other Loans | Related-Borrower Loans | UW NOI DSCR (P&I)(11) | UW NOI DSCR (IO) | UW NCF DSCR (P&I)(12) | UW NCF DSCR (IO) | Cut-Off Date LTV Ratio(8) | Maturity Date LTV Ratio(8) |
31.04 | Property | Beloit | 1.63x | 2.18x | 1.41x | 1.89x | 74.2% | 64.8% | ||||||||||||||||||
31.05 | Property | Huntsville | 1.63x | 2.18x | 1.41x | 1.89x | 74.2% | 64.8% | ||||||||||||||||||
32 | Loan | LA Fitness Riverside | 60 | 60 | 360 | 360 | 11/06/2019 | 01/01/2020 | 1/1/2025 | 11/1/2034 | 12/1/2029 | $37,825.18 | $26,496.30 | $453,902 | $317,956 | Hard | Springing | No | No | 1.83x | 2.62x | 1.75x | 2.50x | 54.8% | 49.7% | |
33 | Loan | Cedar Trails Apartments | 36 | 35 | 360 | 360 | 10/15/2019 | 12/6/2019 | 12/6/2022 | 11/6/2029 | 11/6/2029 | $38,189.05 | $27,479.56 | $458,269 | $329,755 | Soft | Springing | No | No | 1.45x | 2.01x | 1.38x | 1.92x | 75.0% | 65.1% | |
34 | Loan | Maple Ridge Townhomes | 36 | 35 | 360 | 360 | 10/17/2019 | 12/1/2019 | 12/1/2022 | 11/1/2029 | 11/1/2029 | $35,104.30 | $25,041.37 | $421,252 | $300,496 | Springing | Springing | No | No | 1.43x | 2.00x | 1.40x | 1.96x | 67.3% | 58.3% | |
35 | Loan | Bassett Furniture - King of Prussia | 60 | 59 | 0 | 0 | 10/11/2019 | 12/1/2019 | NAP | 11/1/2024 | 11/1/2024 | NAP | $25,964.00 | NAP | $311,568 | Springing | Springing | No | No | NAP | 2.13x | NAP | 2.10x | 58.8% | 58.8% | |
36 | Loan | Villa Carmel | 120 | 119 | 0 | 0 | 11/01/2019 | 12/01/2019 | NAP | 11/01/2029 | 11/01/2029 | NAP | $25,337.08 | NAP | $304,045 | Springing | Springing | No | No | NAP | 1.68x | NAP | 1.65x | 60.4% | 60.4% | |
37 | Loan | Osprey Cove South | 0 | 0 | 360 | 359 | 10/30/2019 | 12/6/2019 | NAP | 11/6/2029 | 11/6/2029 | $33,296.84 | NAP | $399,562 | NAP | Springing | Springing | No | No | 1.96x | NAP | 1.84x | NAP | 70.7% | 56.7% | |
38 | Loan | Del Mar Terrace Apartments | 120 | 115 | 0 | 0 | 6/27/2019 | 8/6/2019 | NAP | 7/6/2029 | 7/6/2029 | NAP | $16,416.55 | NAP | $196,999 | Springing | Springing | No | No | NAP | 11.64x | NAP | 11.11x | 16.2% | 16.2% | |
39 | Loan | Palm View Estates | 36 | 36 | 360 | 360 | 11/6/2019 | 1/1/2020 | 1/1/2023 | 12/1/2029 | 12/1/2029 | $32,090.35 | $23,505.32 | $385,084 | $282,064 | Springing | Springing | No | No | 1.43x | 1.95x | 1.42x | 1.93x | 70.1% | 61.1% | |
40 | Loan | Alma Elliot Square Shopping Center | 120 | 117 | 0 | 0 | 9/10/2019 | 10/6/2019 | NAP | 9/6/2029 | 9/6/2029 | NAP | $23,705.78 | NAP | $284,469 | Springing | Springing | No | No | NAP | 2.24x | NAP | 2.19x | 65.0% | 65.0% | |
41 | Loan | West Salem MHP | 12 | 11 | 360 | 360 | 10/31/2019 | 12/6/2019 | 12/6/2020 | 11/6/2029 | 11/6/2029 | $27,617.39 | $19,675.78 | $331,409 | $236,109 | Springing | Springing | No | No | 1.68x | 2.36x | 1.64x | 2.30x | 66.7% | 54.7% | |
42 | Loan | 4 Mountainview Terrace | 0 | 0 | 360 | 358 | 10/11/2019 | 11/6/2019 | NAP | 10/6/2029 | 10/6/2029 | $27,317.28 | NAP | $327,807 | NAP | Hard | Springing | No | No | 2.22x | NAP | 2.01x | NAP | 69.5% | 55.8% | |
43 | Loan | Fairfield Inn and Suites Fredericksburg | 0 | 0 | 360 | 359 | 10/25/2019 | 12/6/2019 | NAP | 11/6/2029 | 11/6/2029 | $27,704.53 | NAP | $332,454 | NAP | Springing | Springing | No | No | 2.28x | NAP | 1.98x | NAP | 67.0% | 54.1% | |
44 | Loan | Allen Ridge Luxury Apartments | 0 | 0 | 360 | 359 | 10/30/2019 | 12/6/2019 | NAP | 11/6/2029 | 11/6/2029 | $27,541.85 | NAP | $330,502 | NAP | Springing | Springing | No | No | 1.54x | NAP | 1.50x | NAP | 63.9% | 51.5% | |
45 | Loan | Hampton Inn - McLeansville (Greensboro East) | 0 | 0 | 360 | 359 | 10/21/2019 | 12/6/2019 | NAP | 11/6/2029 | 11/6/2029 | $27,473.67 | NAP | $329,684 | NAP | Springing | Springing | No | No | 2.50x | NAP | 2.27x | NAP | 58.4% | 47.1% | |
46 | Loan | Courtyard by Marriott Secaucus | 0 | 0 | 300 | 298 | 9/12/2019 | 11/6/2019 | NAP | 10/6/2029 | 10/6/2029 | $27,086.91 | NAP | $325,043 | NAP | Springing | Springing | No | No | 2.37x | NAP | 1.96x | NAP | 58.6% | 42.8% | |
47 | Loan | 48 Brookfield Oaks Dr | 12 | 11 | 360 | 360 | 10/2/2019 | 12/1/2019 | 12/1/2020 | 11/1/2029 | 11/1/2029 | $22,875.91 | $15,981.42 | $274,511 | $191,777 | Springing | Springing | No | No | 1.91x | 2.73x | 1.72x | 2.47x | 69.3% | 56.5% | |
48 | Loan | Studio 9Forty Apartments | 24 | 21 | 360 | 360 | 8/15/2019 | 10/6/2019 | 10/6/2021 | 9/6/2029 | 9/6/2029 | $22,846.86 | $16,479.92 | $274,162 | $197,759 | Springing | Springing | No | No | 1.41x | 1.95x | 1.39x | 1.92x | 74.6% | 63.1% | |
49 | Loan | Erie Plaza | 0 | 0 | 360 | 359 | 10/16/2019 | 12/6/2019 | NAP | 11/6/2029 | 11/6/2029 | $20,908.10 | NAP | $250,897 | NAP | Hard | Springing | No | No | 1.48x | NAP | 1.46x | NAP | 73.6% | 59.3% | |
50 | Loan | 2375 South 9th Street | 0 | 0 | 360 | 358 | 9/30/2019 | 11/1/2019 | NAP | 10/1/2029 | 10/1/2029 | $17,228.49 | NAP | $206,742 | NAP | Springing | Springing | No | No | 1.49x | NAP | 1.46x | NAP | 66.5% | 53.0% | |
51 | Loan | Delano MHP | 0 | 0 | 360 | 359 | 10/30/2019 | 12/6/2019 | NAP | 11/6/2029 | 11/6/2029 | $17,389.29 | NAP | $208,671 | NAP | Springing | Springing | No | No | 1.60x | NAP | 1.58x | NAP | 68.0% | 55.2% | |
52 | Loan | Crunch Fitness Tuscaloosa | 0 | 0 | 300 | 298 | 10/3/2019 | 11/6/2019 | NAP | 10/6/2029 | 10/6/2029 | $15,882.33 | NAP | $190,588 | NAP | Springing | Springing | No | No | 1.61x | NAP | 1.47x | NAP | 66.0% | 48.1% | |
53 | Loan | Anchor Danly - Ithaca | 0 | 0 | 360 | 358 | 9/27/2019 | 11/6/2019 | NAP | 10/6/2029 | 10/6/2029 | $16,067.84 | NAP | $192,814 | NAP | Hard | Springing | No | No | 1.98x | NAP | 1.86x | NAP | 52.8% | 43.9% | |
54 | Loan | Belle Place MHC | 24 | 23 | 360 | 360 | 11/1/2019 | 12/6/2019 | 12/6/2021 | 11/6/2029 | 11/6/2029 | $11,046.95 | $7,870.31 | $132,563 | $94,444 | Springing | Springing | No | No | 1.89x | 2.65x | 1.85x | 2.60x | 68.7% | 57.9% | |
55 | Loan | Middlefield MHC | 24 | 21 | 360 | 360 | 8/20/2019 | 10/6/2019 | 10/6/2021 | 9/6/2029 | 9/6/2029 | $10,450.38 | $7,841.80 | $125,405 | $94,102 | Springing | Springing | No | No | 1.57x | 2.09x | 1.51x | 2.01x | 61.8% | 52.7% |
A-1-8
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
AND MORTGAGED PROPERTIES
MORTGAGE LOAN CHARACTERISTICS | MORTGAGED PROPERTY UNDERWRITTEN CASH FLOWS(14) | |||||||||||||||||||||
Loan ID | Footnotes | Flag | Deal Name | Grace Period to Late Charge (Days) | Grace Period to Default (Days) | Due Date | Prepayment Provisions (No. of Payments)(13)(14) | Third Most Recent Revenues | Third Most Recent Expenses | Third Most Recent NOI | Third Most Recent NOI Date | Third Most Recent NOI Debt Yield | Second Most Recent Revenues | Second Most Recent Expenses | Second Most Recent NOI | Second Most Recent NOI Date | Second Most Recent NOI Debt Yield | Most Recent Revenues | Most Recent Expenses | Most Recent NOI | Most Recent NOI Date | |
1 | Loan | The Met Apartments | 5 | 5 | 1 | YM0.5(25), Def or YM0.5(88), O(7) | N/A | N/A | N/A | N/A | NAP | $5,489,530 | $1,943,687 | $3,545,843 | 12/31/2018 | 6.8% | $5,815,542 | $2,007,069 | $3,808,473 | T12 8/31/2019 | ||
2 | Loan | Palm Beach Estates | 0 | 0 | 1 | L(13), YM1(43), O(4) | $6,903,001 | $2,322,663 | $4,580,338 | 12/31/2017 | 10.8% | $7,204,276 | $2,458,865 | $4,745,411 | 12/31/2018 | 11.2% | $7,373,358 | $2,522,090 | $4,851,268 | T12 9/30/2019 | ||
3 | Loan | Towne Center East | 5 | 5 | 1 | YM0.5(26), Def or YM0.5(87), O(7) | $4,050,605 | $577,596 | $3,473,010 | 12/31/2017 | 9.0% | $4,029,945 | $576,863 | $3,453,081 | 12/31/2018 | 9.0% | $4,249,148 | $604,153 | $3,644,995 | T12 8/31/2019 | ||
4 | Loan | Farmers Insurance | 0 | 0 | 9 | L(27), Def(87), O(6) | N/A | N/A | N/A | N/A | NAP | N/A | N/A | N/A | N/A | NAP | N/A | N/A | N/A | N/A | ||
5 | Loan | ILPT Industrial Portfolio | 0 | 0 | 7 | L(25), Def or YM1(88), O(7) | $20,837,420 | $4,518,161 | $16,319,258 | 12/31/2016 | 7.6% | $33,628,469 | $6,368,613 | $27,259,856 | 12/31/2017 | 12.7% | $35,335,764 | $6,445,614 | $28,890,150 | 12/31/2018 | ||
5.01 | Property | 1800 Union Airpark Boulevard | $8,475,748 | $2,515,626 | $5,960,121 | 12/31/2016 | 7.6% | $8,551,118 | $2,509,169 | $6,041,949 | 12/31/2017 | 12.7% | $8,660,170 | $2,537,067 | $6,123,103 | 12/31/2018 | ||||||
5.02 | Property | 4237-4255 Anson Boulevard | $2,869,718 | $479,795 | $2,389,923 | 12/31/2016 | 7.6% | $5,881,285 | $1,170,316 | $4,710,969 | 12/31/2017 | 12.7% | $6,124,114 | $1,318,374 | $4,805,740 | 12/31/2018 | ||||||
5.03 | Property | 5000 Commerce Way | $3,975,143 | $635,141 | $3,340,001 | 12/31/2016 | 7.6% | $4,229,039 | $641,092 | $3,587,947 | 12/31/2017 | 12.7% | $4,308,405 | $679,662 | $3,628,743 | 12/31/2018 | ||||||
5.04 | Property | 5142 and 5148 North Hanley Road | $1,802,705 | $10,208 | $1,792,497 | 12/31/2016 | 7.6% | $2,655,862 | $21,608 | $2,634,254 | 12/31/2017 | 12.7% | $2,699,991 | $20,556 | $2,679,435 | 12/31/2018 | ||||||
5.05 | Property | 945 Monument Drive | $3,367,805 | $423,501 | $2,944,304 | 12/31/2016 | 7.6% | $3,252,155 | $375,988 | $2,876,167 | 12/31/2017 | 12.7% | $3,312,029 | $430,464 | $2,881,565 | 12/31/2018 | ||||||
5.06 | Property | 2801 Airwest Boulevard | $115,844 | $8,728 | $107,116 | 12/31/2016 | 7.6% | $2,439,453 | $67,612 | $2,371,841 | 12/31/2017 | 12.7% | $2,455,992 | $44,468 | $2,411,524 | 12/31/2018 | ||||||
5.07 | Property | 20 Logistics Boulevard | $121,898 | $16,750 | $105,148 | 12/31/2016 | 7.6% | $2,772,757 | $459,102 | $2,313,655 | 12/31/2017 | 12.7% | $2,824,454 | $484,545 | $2,339,909 | 12/31/2018 | ||||||
5.08 | Property | 5500 SE Delaware Ave | N/A | N/A | N/A | N/A | 7.6% | $1,561,038 | $80,313 | $1,480,725 | 12/31/2017 | 12.7% | $1,580,595 | $83,456 | $1,497,139 | 12/31/2018 | ||||||
5.09 | Property | 2150 Stanley Road | $108,559 | $22,546 | $86,013 | 12/31/2016 | 7.6% | $2,242,367 | $541,787 | $1,700,580 | 12/31/2017 | 12.7% | $2,297,895 | $553,914 | $1,743,981 | 12/31/2018 | ||||||
5.10 | Property | 16101 Queens Court | $388,523 | ($388,523) | 12/31/2016 | 7.6% | $292,769 | ($292,769) | 12/31/2017 | 12.7% | $430,850 | $133,165 | $297,684 | 12/31/2018 | ||||||||
5.11 | Property | 5 Logistics Drive | $17,343 | ($17,343) | 12/31/2016 | 7.6% | $43,395 | $208,857 | ($165,462) | 12/31/2017 | 12.7% | $641,270 | $159,943 | $481,327 | 12/31/2018 | |||||||
6 | Loan | The Sunstone Apartments | 5 | 5 | 1 | YM0.5(25), Def or YM0.5(88), O(7) | N/A | N/A | N/A | N/A | NAP | $2,316,581 | $858,155 | $1,458,426 | 12/31/2018 | 6.2% | $2,520,794 | $884,328 | $1,636,466 | T12 8/31/2019 | ||
7 | Loan | Duane Reade - Columbia University | 0 | 0 | 6 | L(25), Def(91), O(4) | $2,052,805 | $403,030 | $1,649,775 | 12/31/2017 | 7.9% | $2,114,936 | $464,386 | $1,650,550 | 12/31/2018 | 7.9% | $2,009,837 | $453,417 | $1,556,419 | T12 8/31/2019 | ||
8 | Loan | United Healthcare Office | 0 | 0 | 6 | L(26), Def(30), O(4) | $4,227,683 | $5,601 | $4,222,082 | 12/31/2017 | 9.0% | $4,369,003 | $24,465 | $4,344,538 | 12/31/2018 | 9.3% | $4,445,335 | $20,475 | $4,424,860 | T12 7/31/2019 | ||
9 | Loan | Patriots Crossing Apartments | 0 | 0 | 6 | L(26), Def(90), O(4) | $2,626,571 | $1,071,166 | $1,555,405 | 12/31/2017 | 7.8% | $2,718,417 | $1,088,868 | $1,629,549 | 12/31/2018 | 8.1% | $2,882,775 | $1,084,865 | $1,797,910 | T12 8/31/2019 | ||
10 | Loan | Redwood Technology Center | 0 | 0 | 6 | L(25), Def(90), O(5) | $4,291,833 | $1,190,512 | $3,101,321 | 12/31/2017 | 8.5% | $4,528,549 | $1,206,915 | $3,321,634 | 12/31/2018 | 9.1% | $4,557,575 | $1,208,566 | $3,349,009 | T12 8/31/2019 | ||
11 | Loan | Edgewood Apartments | 0 | 0 | 6 | L(26), Def(90), O(4) | $2,677,338 | $931,874 | $1,745,464 | 12/31/2017 | 9.4% | $2,654,995 | $934,982 | $1,720,013 | 12/31/2018 | 9.3% | $2,551,791 | $977,986 | $1,573,804 | T12 8/31/2019 | ||
12 | Loan | 420 North Main Street | 7 | 7 | 1 | L(24), Def(92), O(4) | N/A | N/A | N/A | N/A | NAP | $1,377,256 | $405,175 | $972,081 | 12/31/2018 | 5.5% | $2,105,162 | $494,038 | $1,611,124 | T12 9/30/2019 | ||
13 | Loan | Kohl’s Plaza | 0 | 0 | 6 | L(25), Def(88), O(7) | $2,381,156 | $883,580 | $1,497,576 | 12/31/2017 | 8.8% | $2,005,727 | $874,303 | $1,131,424 | 12/31/2018 | 6.7% | $1,978,832 | $898,776 | $1,080,056 | T12 8/31/2019 | ||
14 | Loan | Crimson Retail Portfolio | 0 | 0 | 6 | L(25), Def(88), O(7) | $3,862,238 | $1,368,640 | $2,493,598 | 12/31/2017 | 7.5% | $4,174,445 | $1,273,548 | $2,900,897 | 12/31/2018 | 8.8% | $4,210,947 | $1,228,634 | $2,982,313 | T12 3/31/2019 | ||
14.01 | Property | Little Elm | $2,809,187 | $1,045,525 | $1,763,661 | 12/31/2017 | 7.5% | $3,044,850 | $1,003,066 | $2,041,784 | 12/31/2018 | 8.8% | $3,099,526 | $998,778 | $2,100,748 | T12 3/31/2019 | ||||||
14.02 | Property | South Plaza | $1,053,051 | $323,114 | $729,937 | 12/31/2017 | 7.5% | $1,129,595 | $270,481 | $859,113 | 12/31/2018 | 8.8% | $1,111,421 | $229,856 | $881,565 | T-7 7/31/2019 | ||||||
14.03 | Property | Office Depot | N/A | N/A | N/A | N/A | 7.5% | N/A | N/A | N/A | N/A | 8.8% | N/A | N/A | N/A | N/A | ||||||
14.04 | Property | JoAnn Fabrics | N/A | N/A | N/A | N/A | 7.5% | N/A | N/A | N/A | N/A | 8.8% | N/A | N/A | N/A | N/A | ||||||
15 | Loan | Presidential City | 0 | 0 | 8 | L(27), Def(89), O(4) | N/A | N/A | N/A | N/A | NAP | N/A | N/A | N/A | N/A | NAP | $22,608,237 | $6,582,815 | $16,025,422 | T12 6/30/2019 | ||
16 | Loan | Plaistow Center | 7 | 7 | 1 | L(25), Def(92), O(3) | $1,826,247 | $678,003 | $1,148,244 | 12/31/2017 | 7.7% | $2,113,135 | $756,822 | $1,356,313 | 12/31/2018 | 9.1% | $2,267,684 | $709,927 | $1,557,757 | T12 7/31/2019 | ||
17 | Loan | 3100 Alvin Devane | 0 | 0 | 6 | L(35), Def(81), O(4) | $1,021,427 | $474,476 | $546,951 | 12/31/2017 | 3.9% | $1,241,571 | $533,120 | $708,451 | 12/31/2018 | 5.1% | $1,366,546 | $546,988 | $819,558 | T12 7/31/2019 | ||
18 | Loan | Home2 Suites by Hilton Charlotte University Research Park | 7 | 7 | 1 | L(25), Def(92), O(3) | $3,302,091 | $1,901,222 | $1,400,869 | 12/31/2017 | 10.1% | $3,487,231 | $1,804,667 | $1,682,564 | 12/31/2018 | 12.2% | $3,575,376 | $1,831,385 | $1,743,991 | T12 6/30/2019 | ||
19 | Loan | Rochester Portfolio | 7 | 7 | 1 | L(25), Def(92), O(3) | $2,425,952 | $1,039,944 | $1,386,008 | 12/31/2017 | 10.6% | $2,508,788 | $1,074,216 | $1,434,572 | 12/31/2018 | 11.0% | $2,366,365 | $1,026,785 | $1,339,580 | T12 6/30/2019 | ||
19.01 | Property | Westfall Townhomes | $573,148 | $212,616 | $360,532 | 12/31/2017 | 10.6% | $561,420 | $239,874 | $321,546 | 12/31/2018 | 11.0% | $564,792 | $233,053 | $331,739 | T12 6/30/2019 | ||||||
19.02 | Property | Jefferson Plaza | $651,659 | $274,377 | $377,282 | 12/31/2017 | 10.6% | $726,642 | $287,119 | $439,523 | 12/31/2018 | 11.0% | $686,716 | $277,034 | $409,682 | T12 6/30/2019 | ||||||
19.03 | Property | Saginaw Plaza | $522,888 | $230,342 | $292,546 | 12/31/2017 | 10.6% | $559,390 | $231,036 | $328,354 | 12/31/2018 | 11.0% | $548,779 | $197,085 | $351,694 | T12 6/30/2019 | ||||||
19.04 | Property | South Winton Court | $678,257 | $322,609 | $355,648 | 12/31/2017 | 10.6% | $661,336 | $316,187 | $345,149 | 12/31/2018 | 11.0% | $566,078 | $319,613 | $246,465 | T12 6/30/2019 | ||||||
20 | Loan | 1447 Enterprise Boulevard | 0 | 0 | 6 | L(25), Def(91), O(4) | N/A | N/A | N/A | N/A | NAP | N/A | N/A | N/A | N/A | NAP | $1,240,694 | $80,694 | $1,160,000 | T12 9/30/2019 | ||
21 | Loan | Shabsels Fee Portfolio | 0 | 0 | 6 | L(25), Def(91), O(4) | N/A | N/A | N/A | N/A | NAP | N/A | N/A | N/A | N/A | NAP | N/A | N/A | N/A | N/A | ||
21.01 | Property | 9 Farm Springs | N/A | N/A | N/A | N/A | NAP | N/A | N/A | N/A | N/A | NAP | N/A | N/A | N/A | N/A | ||||||
21.02 | Property | Clocktower Place | N/A | N/A | N/A | N/A | NAP | N/A | N/A | N/A | N/A | NAP | N/A | N/A | N/A | N/A | ||||||
22 | Loan | Greenfield Gateway | 5 | 5 | 1 | L(25), Def(91), O(4) | N/A | N/A | N/A | N/A | NAP | N/A | N/A | N/A | N/A | NAP | $637,433 | $250,100 | $387,333 | T12 8/31/2019 | ||
23 | Loan | Gatlin Retail Portfolio | 0 | 0 | 6 | L(26), Def(90), O(4) | $3,259,232 | $1,145,571 | $2,113,661 | 12/31/2017 | 8.9% | $3,114,135 | $1,137,799 | $1,976,336 | 12/31/2018 | 8.3% | $2,910,849 | $1,024,450 | $1,886,399 | T12 7/31/2019 | ||
23.01 | Property | The Forum at Gateways | $2,506,986 | $905,901 | $1,601,085 | 12/31/2017 | 8.9% | $2,434,733 | $940,975 | $1,493,758 | 12/31/2018 | 8.3% | $2,218,835 | $805,002 | $1,413,833 | T12 7/31/2019 | ||||||
23.02 | Property | Wilson Square Shopping Center | $752,246 | $239,670 | $512,576 | 12/31/2017 | 8.9% | $679,402 | $196,824 | $482,578 | 12/31/2018 | 8.3% | $692,014 | $219,448 | $472,566 | T12 7/31/2019 | ||||||
24 | Loan | Paradise Shoppes of Summerville | 5 | 5 | 1 | L(26), Def(87), O(7) | $1,222,282 | $451,706 | $770,576 | 12/31/2017 | 8.2% | $1,365,327 | $513,484 | $851,844 | 12/31/2018 | 9.1% | $1,381,025 | $530,120 | $850,905 | T12 6/30/2019 | ||
25 | Loan | Wyndham - Norfolk | 0 | 0 | 6 | L(25), Def(91), O(4) | $4,501,051 | $3,033,931 | $1,467,120 | 12/31/2017 | 16.3% | $4,940,790 | $3,253,284 | $1,687,506 | 12/31/2018 | 18.8% | $5,412,759 | $3,377,302 | $2,035,457 | T12 8/31/2019 | ||
26 | Loan | Sharonville Plaza | 0 | 0 | 6 | L(24), YM1(92), O(4) | $974,390 | $337,926 | $636,464 | 12/31/2017 | 7.2% | $1,014,214 | $351,938 | $662,276 | 12/31/2018 | 7.5% | $938,063 | $335,945 | $602,118 | T12 7/31/2019 | ||
27 | Loan | Bemidji Mixed Use Portfolio | 0 | 0 | 6 | L(25), YM1(91), O(4) | N/A | N/A | N/A | N/A | NAP | $1,174,928 | $286,481 | $888,447 | 12/31/2018 | 10.1% | $1,185,780 | $342,353 | $843,428 | T12 7/31/2019 | ||
27.01 | Property | Cottage Park Townhomes | N/A | N/A | N/A | N/A | NAP | $448,899 | $112,246 | $336,653 | 12/31/2018 | 10.1% | $443,199 | $126,760 | $316,439 | T12 7/31/2019 | ||||||
27.02 | Property | Supreme Business Center | N/A | N/A | N/A | N/A | NAP | $316,954 | $75,253 | $241,701 | 12/31/2018 | 10.1% | $322,085 | $87,011 | $235,074 | T12 7/31/2019 | ||||||
27.03 | Property | 519 Anne Street Northwest | N/A | N/A | N/A | N/A | NAP | $231,407 | $41,959 | $189,448 | 12/31/2018 | 10.1% | $235,340 | $62,817 | $172,523 | T12 7/31/2019 | ||||||
27.04 | Property | Stonegate Studios | N/A | N/A | N/A | N/A | NAP | $177,668 | $57,024 | $120,645 | 12/31/2018 | 10.1% | $185,157 | $65,765 | $119,392 | T12 7/31/2019 | ||||||
28 | Loan | Home2 Suites OKC | 5 | 5 | 1 | L(24), Def(92), O(4) | N/A | N/A | N/A | N/A | NAP | $2,532,236 | $1,335,783 | $1,196,453 | 12/31/2018 | 13.7% | $2,580,457 | $1,359,281 | $1,221,176 | T12 8/31/2019 | ||
29 | Loan | Hy-Vee Omaha | 0 | 0 | 6 | L(25), Def(91), O(4) | N/A | N/A | N/A | N/A | NAP | N/A | N/A | N/A | N/A | NAP | N/A | N/A | N/A | N/A | ||
30 | Loan | Plaza at Santa Barbara | 7 | 7 | 1 | L(24), Def(93), O(3) | $936,996 | $293,627 | $643,369 | 12/31/2017 | 7.8% | $912,983 | $256,866 | $656,117 | 12/31/2018 | 8.0% | $991,475 | $249,439 | $742,035 | T12 7/31/2019 | ||
31 | Loan | Phoenix Industrial Portfolio II | 0 | 0 | 6 | L(26), Def(88), O(6) | N/A | N/A | N/A | N/A | NAP | $8,923,998 | $1,963,475 | $6,960,523 | 12/31/2018 | 10.2% | $9,275,816 | $2,248,289 | $7,027,527 | T12 6/30/2019 | ||
31.01 | Property | DuBois | N/A | N/A | N/A | N/A | NAP | $1,694,700 | $260,983 | $1,433,717 | 12/31/2018 | 10.2% | $1,703,788 | $295,208 | $1,408,580 | T12 6/30/2019 | ||||||
31.02 | Property | Jefferson | N/A | N/A | N/A | N/A | NAP | $1,660,104 | $309,029 | $1,351,075 | 12/31/2018 | 10.2% | $1,683,269 | $318,719 | $1,364,550 | T12 6/30/2019 | ||||||
31.03 | Property | Flint | N/A | N/A | N/A | N/A | NAP | $2,117,520 | $149,611 | $1,967,909 | 12/31/2018 | 10.2% | $2,135,123 | $159,881 | $1,975,242 | T12 6/30/2019 |
A-1-9
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
AND MORTGAGED PROPERTIES
MORTGAGE LOAN CHARACTERISTICS | MORTGAGED PROPERTY UNDERWRITTEN CASH FLOWS(14) | |||||||||||||||||||||
Loan ID | Footnotes | Flag | Deal Name | Grace Period to Late Charge (Days) | Grace Period to Default (Days) | Due Date | Prepayment Provisions (No. of Payments)(13)(14) | Third Most Recent Revenues | Third Most Recent Expenses | Third Most Recent NOI | Third Most Recent NOI Date | Third Most Recent NOI Debt Yield | Second Most Recent Revenues | Second Most Recent Expenses | Second Most Recent NOI | Second Most Recent NOI Date | Second Most Recent NOI Debt Yield | Most Recent Revenues | Most Recent Expenses | Most Recent NOI | Most Recent NOI Date | |
31.04 | Property | Beloit | N/A | N/A | N/A | N/A | NAP | $2,390,751 | $873,271 | $1,517,480 | 12/31/2018 | 10.2% | $2,531,803 | $1,100,402 | $1,431,401 | T12 6/30/2019 | ||||||
31.05 | Property | Huntsville | N/A | N/A | N/A | N/A | NAP | $1,060,923 | $370,581 | $690,342 | 12/31/2018 | 10.2% | $1,221,833 | $374,079 | $847,754 | T12 6/30/2019 | ||||||
32 | Loan | LA Fitness Riverside | 0 | 0 | 1 | L(60), YM1(56), O(4) | $1,130,136 | $86,983 | $1,043,153 | 12/31/2017 | 13.0% | $1,148,642 | $85,023 | $1,063,619 | 12/31/2018 | 13.3% | $1,138,889 | $78,578 | $1,060,310 | T12 8/31/2019 | ||
33 | Loan | Cedar Trails Apartments | 0 | 0 | 6 | L(25), Def(91), O(4) | $1,203,062 | $551,541 | $651,521 | 12/31/2017 | 8.3% | $1,197,490 | $536,394 | $661,097 | 12/31/2018 | 8.4% | $1,211,252 | $548,297 | $662,955 | T12 8/31/2019 | ||
34 | Loan | Maple Ridge Townhomes | 7 | 7 | 1 | L(25), Def(92), O(3) | N/A | N/A | N/A | N/A | NAP | N/A | N/A | N/A | N/A | NAP | $914,038 | $327,865 | $586,173 | T12 7/31/2019 | ||
35 | Loan | Bassett Furniture - King of Prussia | 7 | 7 | 1 | L(25), Def(33), O(2) | N/A | N/A | N/A | N/A | NAP | $702,000 | $1,580 | $700,420 | 12/31/2018 | 10.0% | $702,000 | $2,251 | $699,749 | T12 9/1/2019 | ||
36 | Loan | Villa Carmel | 0 | 0 | 1 | L(25), Def(91), O(4) | N/A | N/A | N/A | N/A | NAP | N/A | N/A | N/A | N/A | NAP | $730,297 | $291,100 | $439,197 | T12 9/30/2019 | ||
37 | Loan | Osprey Cove South | 0 | 0 | 6 | L(25), Def(88), O(7) | N/A | N/A | N/A | N/A | NAP | N/A | N/A | N/A | N/A | NAP | $1,238,671 | $607,902 | $630,769 | T12 8/31/2019 | ||
38 | Loan | Del Mar Terrace Apartments | 0 | 0 | 6 | L(29), YM1(87), O(4) | $8,958,851 | $3,993,163 | $4,965,688 | 12/31/2017 | 30.7% | $9,735,704 | $4,168,504 | $5,567,201 | 12/31/2018 | 34.4% | $9,879,531 | $4,283,063 | $5,596,468 | T12 4/30/2019 | ||
39 | Loan | Palm View Estates | 7 | 7 | 1 | L(24), Def(93), O(3) | $425,112 | $145,883 | $279,229 | 12/31/2017 | 4.3% | $537,542 | $169,936 | $367,606 | 12/31/2018 | 5.7% | $659,826 | $186,789 | $473,037 | T12 7/1/2019 | ||
40 | Loan | Alma Elliot Square Shopping Center | 0 | 0 | 6 | L(24), YM2(92), O(4) | $661,419 | $230,051 | $431,368 | 12/31/2017 | 6.8% | $622,359 | $217,637 | $404,722 | 12/31/2018 | 6.4% | $871,045 | $283,866 | $587,179 | T12 7/31/2019 | ||
41 | Loan | West Salem MHP | 0 | 0 | 6 | L(25), Def(91), O(4) | $963,866 | $423,838 | $540,028 | 12/31/2017 | 9.4% | $1,000,689 | $424,971 | $575,718 | 12/31/2018 | 10.0% | $1,018,968 | $437,536 | $581,432 | T12 8/31/2019 | ||
42 | Loan | 4 Mountainview Terrace | 0 | 0 | 6 | L(26), Def(90), O(4) | $935,053 | $495,108 | $439,945 | 12/31/2017 | 7.9% | $1,014,794 | $508,268 | $506,526 | 12/31/2018 | 9.1% | $1,053,642 | $493,827 | $559,815 | T12 6/30/2019 | ||
43 | Loan | Fairfield Inn and Suites Fredericksburg | 0 | 0 | 6 | L(25), Def(91), O(4) | $2,308,892 | $1,650,445 | $658,447 | 12/31/2017 | 12.0% | $2,556,989 | $1,753,638 | $803,351 | 12/31/2018 | 14.6% | $2,446,371 | $1,645,921 | $800,450 | T12 8/31/2019 | ||
44 | Loan | Allen Ridge Luxury Apartments | 0 | 0 | 6 | L(25), Def(91), O(4) | $554,621 | $80,947 | $473,674 | 12/31/2017 | 8.6% | $600,069 | $96,984 | $503,085 | 12/31/2018 | 9.2% | $635,112 | $100,475 | $534,637 | T12 9/30/2019 | ||
45 | Loan | Hampton Inn - McLeansville (Greensboro East) | 0 | 0 | 6 | L(25), Def(91), O(4) | $1,566,591 | $1,033,879 | $532,712 | 12/31/2017 | 9.7% | $1,722,726 | $1,092,571 | $630,154 | 12/31/2018 | 11.5% | $1,909,432 | $1,075,264 | $834,168 | T12 8/31/2019 | ||
46 | Loan | Courtyard by Marriott Secaucus | 0 | 0 | 6 | L(26), YM1(90), O(4) | $8,194,378 | $5,582,753 | $2,611,625 | 12/31/2017 | 17.5% | $7,972,595 | $5,558,617 | $2,413,978 | 12/31/2018 | 16.2% | $7,937,743 | $5,562,901 | $2,374,842 | T12 7/31/2019 | ||
47 | Loan | 48 Brookfield Oaks Dr | 7 | 7 | 1 | L(25), Def(92), O(3) | $714,262 | $196,732 | $517,530 | 12/31/2017 | 10.7% | $719,102 | $207,319 | $511,783 | 12/31/2018 | 10.6% | $542,460 | $189,140 | $353,320 | T12 7/31/2019 | ||
48 | Loan | Studio 9Forty Apartments | 0 | 0 | 6 | L(27), Def(89), O(4) | N/A | N/A | N/A | N/A | NAP | N/A | N/A | N/A | N/A | NAP | N/A | N/A | N/A | N/A | ||
49 | Loan | Erie Plaza | 0 | 0 | 6 | L(25), Def(90), O(5) | $526,378 | $159,359 | $367,019 | 12/31/2017 | 8.8% | $529,315 | $142,630 | $386,685 | 12/31/2018 | 9.2% | $537,708 | $141,308 | $396,400 | T12 7/31/2019 | ||
50 | Loan | 2375 South 9th Street | 7 | 7 | 1 | L(26), Def(89), O(5) | N/A | N/A | N/A | N/A | NAP | N/A | N/A | N/A | N/A | NAP | N/A | N/A | N/A | N/A | ||
51 | Loan | Delano MHP | 0 | 0 | 6 | L(25), Def(91), O(4) | $592,075 | $360,971 | $231,104 | 12/31/2017 | 6.8% | $591,097 | $347,316 | $243,781 | 12/31/2018 | 7.2% | $609,243 | $331,735 | $277,508 | T12 9/30/2019 | ||
52 | Loan | Crunch Fitness Tuscaloosa | 0 | 0 | 6 | L(26), Def(90), O(4) | N/A | N/A | N/A | N/A | NAP | N/A | N/A | N/A | N/A | NAP | N/A | N/A | N/A | N/A | ||
53 | Loan | Anchor Danly - Ithaca | 5 | 0 | 6 | L(26), Def(90), O(4) | N/A | N/A | N/A | N/A | NAP | N/A | N/A | N/A | N/A | NAP | N/A | N/A | N/A | N/A | ||
54 | Loan | Belle Place MHC | 0 | 0 | 6 | L(25), Def(91), O(4) | N/A | N/A | N/A | N/A | NAP | $295,356 | $92,532 | $202,824 | 12/31/2018 | 8.8% | $331,043 | $87,437 | $243,606 | T12 9/30/2019 | ||
55 | Loan | Middlefield MHC | 0 | 0 | 6 | L(27), YM1(89), O(4) | $673,077 | $467,863 | $205,214 | 12/31/2017 | 9.9% | $652,741 | $435,737 | $217,004 | 12/31/2018 | 10.5% | $657,440 | $465,925 | $191,515 | T12 5/31/2019 |
A-1-10
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
AND MORTGAGED PROPERTIES
MORTGAGED PROPERTY UNDERWRITTEN CASH FLOWS(14) | LARGEST TENANT INFORMATION(15)(16)(18) | 2ND LARGEST TENANT INFORMATION(15)(16)(18) | 3RD LARGEST TENANT INFORMATION(15)(16)(18) | |||||||||||||||||||||
Loan ID | Footnotes | Flag | Deal Name | Most Recent NOI Debt Yield | UW Occupancy | UW Revenues | UW Expenses | UW NOI | UW NOI Debt Yield | UW Capital Items | UW NCF | UW NCF Debt Yield | Largest Tenant | Largest Tenant Lease Expiration | Largest Tenant NSF | Largest Tenant % of NSF | 2nd Largest Tenant | 2nd Largest Tenant Lease Expiration | 2nd Largest Tenant NSF | 2nd Largest Tenant % of NSF | 3rd Largest Tenant | |||
1 | Loan | The Met Apartments | 7.3% | 92.0% | $6,212,226 | $2,070,595 | $4,141,631 | 8.0% | $120,000 | $4,021,631 | 7.7% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
2 | Loan | Palm Beach Estates | 11.5% | 92.5% | $7,373,330 | $2,548,460 | $4,824,871 | 11.4% | $238,751 | $4,586,120 | 10.8% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
3 | Loan | Towne Center East | 9.5% | 95.0% | $4,334,850 | $709,773 | $3,625,077 | 9.4% | $211,680 | $3,413,397 | 8.9% | Home Depot | 1/31/2024 | 103,423 | 66.8% | PetSmart | 3/31/2024 | 26,550 | 17.2% | Wells Fargo | ||||
4 | Loan | Farmers Insurance | NAP | 98.0% | $14,054,655 | $4,374,313 | $9,680,341 | 10.0% | $142,787 | $9,537,554 | 9.9% | Farmers Insurance | 8/31/2034 | 713,935 | 100.0% | NAP | NAP | NAP | NAP | NAP | ||||
5 | Loan | ILPT Industrial Portfolio | 13.5% | 97.5% | $39,822,695 | $7,985,779 | $31,836,916 | 14.8% | $2,695,459 | $29,141,457 | 13.6% | Various | Various | Various | Various | Various | Various | Various | Various | NAP | ||||
5.01 | Property | 1800 Union Airpark Boulevard | 13.5% | 97.5% | $8,907,213 | $2,906,244 | $6,000,969 | 14.8% | $595,596 | $5,405,373 | 13.6% | Procter & Gamble | 10/31/2024 | 1,791,246 | 100.0% | NAP | NAP | NAP | NAP | NAP | ||||
5.02 | Property | 4237-4255 Anson Boulevard | 13.5% | 97.5% | $5,904,323 | $1,536,726 | $4,367,597 | 14.8% | $355,622 | $4,011,976 | 13.6% | Amazon.com, Inc. | 4/30/2021 | 1,036,573 | 100.0% | NAP | NAP | NAP | NAP | NAP | ||||
5.03 | Property | 5000 Commerce Way | 13.5% | 97.5% | $4,451,482 | $765,972 | $3,685,510 | 14.8% | $322,434 | $3,363,076 | 13.6% | Amazon.com, Inc. | 9/30/2027 | 1,016,065 | 100.0% | NAP | NAP | NAP | NAP | NAP | ||||
5.04 | Property | 5142 and 5148 North Hanley Road | 13.5% | 97.5% | $3,708,736 | $132,948 | $3,575,789 | 14.8% | $183,448 | $3,392,341 | 13.6% | SKF USA | 10/31/2038 | 430,986 | 100.0% | NAP | NAP | NAP | NAP | NAP | ||||
5.05 | Property | 945 Monument Drive | 13.5% | 97.5% | $3,386,613 | $482,738 | $2,903,875 | 14.8% | $283,930 | $2,619,946 | 13.6% | Subaru of America Distribution | 5/31/2024 | 962,500 | 100.0% | NAP | NAP | NAP | NAP | NAP | ||||
5.06 | Property | 2801 Airwest Boulevard | 13.5% | 97.5% | $2,491,915 | $117,071 | $2,374,844 | 14.8% | $228,835 | $2,146,008 | 13.6% | Whirlpool Corporation | 1/31/2024 | 804,586 | 100.0% | NAP | NAP | NAP | NAP | NAP | ||||
5.07 | Property | 20 Logistics Boulevard | 13.5% | 97.5% | $2,864,407 | $630,409 | $2,233,998 | 14.8% | $197,181 | $2,036,817 | 13.6% | Cummins, Inc. | 10/31/2021 | 603,586 | 100.0% | NAP | NAP | NAP | NAP | NAP | ||||
5.08 | Property | 5500 SE Delaware Ave | 13.5% | 97.5% | $2,914,156 | $104,426 | $2,809,731 | 14.8% | $206,763 | $2,602,967 | 13.6% | The Toro Company | 10/31/2034 | 644,104 | 100.0% | NAP | NAP | NAP | NAP | NAP | ||||
5.09 | Property | 2150 Stanley Road | 13.5% | 97.5% | $2,301,168 | $665,285 | $1,635,883 | 14.8% | $160,172 | $1,475,711 | 13.6% | Siemens Corporation | 9/30/2028 | 320,070 | 64.9% | M D Logistics, Inc. | 6/30/2027 | 173,430 | 35.1% | NAP | ||||
5.10 | Property | 16101 Queens Court | 13.5% | 97.5% | $1,675,398 | $380,692 | $1,294,706 | 14.8% | $88,223 | $1,206,483 | 13.6% | La-Z-Boy Incorporated | 1/31/2031 | 220,800 | 100.0% | NAP | NAP | NAP | NAP | NAP | ||||
5.11 | Property | 5 Logistics Drive | 13.5% | 97.5% | $1,217,283 | $263,268 | $954,015 | 14.8% | $73,256 | $880,759 | 13.6% | Transamerica Auto Parts | 3/31/2025 | 205,090 | 100.0% | NAP | NAP | NAP | NAP | NAP | ||||
6 | Loan | The Sunstone Apartments | 7.0% | 95.0% | $2,685,767 | $910,881 | $1,774,887 | 7.6% | $46,000 | $1,728,887 | 7.4% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
7 | Loan | Duane Reade - Columbia University | 7.4% | 97.0% | $1,958,031 | $538,170 | $1,419,861 | 6.8% | $9,452 | $1,410,409 | 6.7% | Duane Reade | 4/30/2029 | 7,877 | 100.0% | NAP | NAP | NAP | NAP | NAP | ||||
8 | Loan | United Healthcare Office | 9.5% | 95.0% | $4,934,863 | $168,521 | $4,766,342 | 10.2% | $70,045 | $4,696,297 | 10.0% | United HealthCare Services, Inc. | 12/31/2025 | 204,123 | 100.0% | NAP | NAP | NAP | NAP | NAP | ||||
9 | Loan | Patriots Crossing Apartments | 9.0% | 94.5% | $3,067,547 | $1,107,600 | $1,959,946 | 9.8% | $90,500 | $1,869,446 | 9.3% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
10 | Loan | Redwood Technology Center | 9.2% | 94.4% | $4,837,710 | $1,281,963 | $3,555,746 | 9.7% | $112,512 | $3,443,234 | 9.4% | Ciena Corporation | 1/31/2025 | 57,673 | 37.3% | Santa Rosa Memorial Hospital | 12/31/2030 | 41,000 | 26.5% | Friedmans Home Improvement | ||||
11 | Loan | Edgewood Apartments | 8.5% | 86.7% | $2,536,191 | $962,028 | $1,574,162 | 8.5% | $79,200 | $1,494,962 | 8.1% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
12 | Loan | 420 North Main Street | 9.1% | 92.0% | $2,498,040 | $514,458 | $1,983,582 | 11.2% | $114,294 | $1,869,288 | 10.5% | Lyon, LLC | 174,638 SF(6/25/2027); 54,625 SF(6/25/2026) | 229,263 | 36.1% | Archerstone, Inc. | 9/30/2028 | 50,312 | 7.9% | Madina Traders, Inc. | ||||
13 | Loan | Kohl’s Plaza | 6.4% | 94.6% | $2,464,631 | $928,965 | $1,535,666 | 9.0% | $88,682 | $1,446,984 | 8.5% | Kohl’s | 3/31/2024 | 94,260 | 58.5% | Bob’s Discount Furniture | 4/30/2029 | 37,380 | 23.2% | City MD | ||||
14 | Loan | Crimson Retail Portfolio | 9.0% | 92.7% | $5,117,181 | $1,524,685 | $3,592,496 | 10.8% | $211,595 | $3,380,901 | 10.2% | Various | Various | Various | Various | Various | Various | Various | Various | Various | ||||
14.01 | Property | Little Elm | 9.0% | 92.3% | $3,299,259 | $1,075,565 | $2,223,695 | 10.8% | $111,590 | $2,112,105 | 10.2% | Hobby Lobby | 4/30/2023 | 55,405 | 37.0% | 24 Hour Fitness | 6/30/2023 | 31,175 | 20.8% | Dollar Tree | ||||
14.02 | Property | South Plaza | 9.0% | 92.6% | $1,224,262 | $292,906 | $931,357 | 10.8% | $75,466 | $855,890 | 10.2% | Winn Dixie | 9/9/2029 | 51,700 | 40.6% | Bealls Outlet | 4/30/2022 | 21,910 | 17.2% | Focus Fit | ||||
14.03 | Property | Office Depot | 9.0% | 95.0% | $298,569 | $73,240 | $225,329 | 10.8% | $12,498 | $212,831 | 10.2% | Office Depot | 2/29/2024 | 20,000 | 100.0% | NAP | NAP | NAP | NAP | NAP | ||||
14.04 | Property | JoAnn Fabrics | 9.0% | 95.0% | $295,091 | $82,975 | $212,116 | 10.8% | $12,041 | $200,075 | 10.2% | JoAnn Fabrics | 1/31/2030 | 21,500 | 100.0% | NAP | NAP | NAP | NAP | NAP | ||||
15 | Loan | Presidential City | 13.7% | 94.0% | $24,916,379 | $6,760,701 | $18,155,679 | 15.5% | $303,813 | $17,851,866 | 15.3% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
16 | Loan | Plaistow Center | 10.4% | 91.6% | $2,401,530 | $783,692 | $1,617,839 | 10.8% | $108,552 | $1,509,287 | 10.1% | TVI, Inc. d/b/a Savers | 3/31/2025 | 30,324 | 22.9% | Aldi | 9/30/2024 | 17,799 | 13.4% | Pet Smart, Inc. | ||||
17 | Loan | 3100 Alvin Devane | 5.9% | 95.0% | $1,781,337 | $568,057 | $1,213,280 | 8.7% | $82,032 | $1,131,248 | 8.2% | Younicos AG | 3/31/2023 | 32,570 | 46.3% | Cosential, Inc. | 9/30/2024 | 24,604 | 35.0% | Jones & Carter, Inc. | ||||
18 | Loan | Home2 Suites by Hilton Charlotte University Research Park | 12.6% | 80.6% | $3,574,552 | $1,871,085 | $1,703,466 | 12.3% | $142,982 | $1,560,484 | 11.3% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
19 | Loan | Rochester Portfolio | 10.2% | 87.4% | $2,559,379 | $1,021,395 | $1,537,984 | 11.7% | $139,883 | $1,398,100 | 10.7% | Various | Various | Various | Various | Various | Various | Various | Various | Various | ||||
19.01 | Property | Westfall Townhomes | 10.2% | 95.0% | $615,599 | $226,472 | $389,127 | 11.7% | $10,250 | $378,877 | 10.7% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
19.02 | Property | Jefferson Plaza | 10.2% | 93.0% | $866,811 | $279,793 | $587,019 | 11.7% | $36,235 | $550,784 | 10.7% | ABVI Goodwill | 7/31/2034 | 19,382 | 29.4% | Closeout Carpet and Flooring | 4/30/2034 | 11,000 | 16.7% | International Food Market | ||||
19.03 | Property | Saginaw Plaza | 10.2% | 90.7% | $555,859 | $198,497 | $357,361 | 11.7% | $42,885 | $314,476 | 10.7% | Legend Group | 12/31/2023 | 5,405 | 13.4% | Young & Company CPAs | 9/30/2024 | 3,000 | 7.4% | New-U, Inc. | ||||
19.04 | Property | South Winton Court | 10.2% | 70.4% | $521,110 | $316,633 | $204,477 | 11.7% | $50,513 | $153,964 | 10.7% | Rimkus Marciano & Associates | 12/31/2020 | 9,325 | 19.3% | Javlyn Processing | 7/30/2020 | 7,500 | 15.5% | Tetra Tech | ||||
20 | Loan | 1447 Enterprise Boulevard | 9.9% | 92.5% | $1,240,197 | $117,960 | $1,122,238 | 9.6% | $102,424 | $1,019,814 | 8.7% | Dopaco | 8/31/2029 | 409,695 | 100.0% | NAP | NAP | NAP | NAP | NAP | ||||
21 | Loan | Shabsels Fee Portfolio | NAP | 100.0% | $893,225 | $0 | $893,225 | 7.7% | $0 | $893,225 | 7.7% | Various | Various | Various | Various | Various | Various | Various | Various | Various | ||||
21.01 | Property | 9 Farm Springs | NAP | 100.0% | $496,236 | $0 | $496,236 | 7.7% | $0 | $496,236 | 7.7% | United Technologies Corporation | 6/30/2022 | 132,289 | 100.0% | NAP | NAP | NAP | NAP | NAP | ||||
21.02 | Property | Clocktower Place | NAP | 100.0% | $396,989 | $0 | $396,989 | 7.7% | $0 | $396,989 | 7.7% | Ross Dress for Less | 1/31/2024 | 33,357 | 16.1% | Florissant Furniture | 8/31/2020 | 30,033 | 14.5% | Aldi | ||||
22 | Loan | Greenfield Gateway | 3.6% | 93.0% | $1,455,726 | $291,153 | $1,164,573 | 10.7% | $40,625 | $1,123,948 | 10.3% | EOS Fitness | 04/30/2034 | 35,000 | 51.7% | Perfect Pawn | 11/01/2029 | 3,900 | 5.8% | Bright Now Dental | ||||
23 | Loan | Gatlin Retail Portfolio | 8.0% | 84.5% | $3,416,598 | $1,135,745 | $2,280,854 | 9.6% | $210,770 | $2,070,084 | 8.7% | Walmart | Various | Various | Various | Various | Various | Various | Various | Various | ||||
23.01 | Property | The Forum at Gateways | 8.0% | 81.5% | $2,580,482 | $909,025 | $1,671,457 | 9.6% | $166,538 | $1,504,919 | 8.7% | Walmart | 1/26/2024 | 129,615 | 50.6% | LA Fitness | 1/31/2029 | 42,300 | 16.5% | Dollar Tree | ||||
23.02 | Property | Wilson Square Shopping Center | 8.0% | 95.0% | $836,116 | $226,719 | $609,397 | 9.6% | $44,232 | $565,165 | 8.7% | Walmart | 11/6/2029 | 40,600 | 59.7% | Blink Fitness | 9/4/2029 | 11,400 | 16.8% | Own It Home Furnishings | ||||
24 | Loan | Paradise Shoppes of Summerville | 9.1% | 95.1% | $1,352,176 | $528,882 | $823,294 | 8.8% | $40,724 | $782,570 | 8.4% | Publix | 11/30/2026 | 38,997 | 62.1% | El Jalapeno | 10/31/2022 | 4,200 | 6.7% | Grow Financial | ||||
25 | Loan | Wyndham - Norfolk | 22.6% | 72.3% | $5,412,759 | $3,389,340 | $2,023,418 | 22.5% | $216,510 | $1,806,908 | 20.1% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
26 | Loan | Sharonville Plaza | 6.8% | 94.9% | $1,328,837 | $323,530 | $1,005,306 | 11.3% | $68,077 | $937,229 | 10.5% | Gabriel Brothers | 7/31/2027 | 55,103 | 39.9% | Kroger (subleased to Tile Shop) | 10/31/2023 | 30,975 | 22.5% | Next Level Fitness | ||||
27 | Loan | Bemidji Mixed Use Portfolio | 9.6% | 92.6% | $1,182,501 | $344,497 | $838,004 | 9.5% | $76,477 | $761,527 | 8.7% | Various | Various | Various | Various | Various | Various | Various | Various | Various | ||||
27.01 | Property | Cottage Park Townhomes | 9.6% | 94.6% | $443,185 | $110,021 | $333,164 | 9.5% | $14,400 | $318,764 | 8.7% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
27.02 | Property | Supreme Business Center | 9.6% | 92.9% | $331,762 | $102,294 | $229,468 | 9.5% | $31,341 | $198,127 | 8.7% | Mi Rancho | 6/30/2021 | 4,500 | 23.8% | REM North Star 677B | 3/31/2021 | 2,700 | 14.3% | TransCanada USA Pipeline Services | ||||
27.03 | Property | 519 Anne Street Northwest | 9.6% | 92.5% | $222,388 | $66,279 | $156,109 | 9.5% | $22,936 | $133,173 | 8.7% | Professional Salon Academy | 12/31/2019 | 6,500 | 43.3% | Stellher Human Svcs 519B | 12/31/2025 | 4,500 | 30.0% | Medical Business Services, LLC | ||||
27.04 | Property | Stonegate Studios | 9.6% | 91.4% | $185,165 | $65,903 | $119,262 | 9.5% | $7,800 | $111,463 | 8.7% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
28 | Loan | Home2 Suites OKC | 14.0% | 76.0% | $2,580,457 | $1,420,557 | $1,159,900 | 13.3% | $103,218 | $1,056,682 | 12.1% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
29 | Loan | Hy-Vee Omaha | NAP | 95.0% | $693,500 | $20,805 | $672,695 | 8.2% | $0 | $672,695 | 8.2% | Hy-Vee, Inc. | 12/31/2034 | 80,444 | 100.0% | NAP | NAP | NAP | NAP | NAP | ||||
30 | Loan | Plaza at Santa Barbara | 9.0% | 91.4% | $1,187,149 | $261,116 | $926,033 | 11.3% | $39,562 | $886,471 | 10.8% | CVS 5041 FL, LLC | 1/31/2037 | 14,094 | 25.8% | The R’s Diner, Inc. d/b/a/ La Sierra Restaurant | 9/30/2023 | 4,880 | 8.9% | A&B Beverage (Ghanshyam P.) | ||||
31 | Loan | Phoenix Industrial Portfolio II | 10.3% | 91.2% | $9,131,734 | $2,447,004 | $6,684,731 | 9.8% | $873,219 | $5,811,511 | 8.5% | Various | Various | Various | Various | Various | Various | Various | Various | Various | ||||
31.01 | Property | DuBois | 10.3% | 100.0% | $1,987,794 | $534,766 | $1,453,028 | 9.8% | $172,468 | $1,280,560 | 8.5% | DuBois Logistics, LLC | 2/28/2025 | 612,800 | 100.0% | NAP | NAP | NAP | NAP | NAP | ||||
31.02 | Property | Jefferson | 10.3% | 100.0% | $1,632,426 | $245,814 | $1,386,611 | 9.8% | $239,171 | $1,147,440 | 8.5% | Generac Power Systems, Inc. | 11/30/2023 | 591,840 | 100.0% | NAP | NAP | NAP | NAP | NAP | ||||
31.03 | Property | Flint | 10.3% | 100.0% | $2,526,240 | $410,208 | $2,116,032 | 9.8% | $249,417 | $1,866,615 | 8.5% | AI-Wixom | 6/30/2025 | 460,000 | 100.0% | NAP | NAP | NAP | NAP | NAP |
A-1-11
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
AND MORTGAGED PROPERTIES
MORTGAGED PROPERTY UNDERWRITTEN CASH FLOWS(14) | LARGEST TENANT INFORMATION(15)(16)(18) | 2ND LARGEST TENANT INFORMATION(15)(16)(18) | 3RD LARGEST TENANT INFORMATION(15)(16)(18) | |||||||||||||||||||||
Loan ID | Footnotes | Flag | Deal Name | Most Recent NOI Debt Yield | UW Occupancy | UW Revenues | UW Expenses | UW NOI | UW NOI Debt Yield | UW Capital Items | UW NCF | UW NCF Debt Yield | Largest Tenant | Largest Tenant Lease Expiration | Largest Tenant NSF | Largest Tenant % of NSF | 2nd Largest Tenant | 2nd Largest Tenant Lease Expiration | 2nd Largest Tenant NSF | 2nd Largest Tenant % of NSF | 3rd Largest Tenant | |||
31.04 | Property | Beloit | 10.3% | 67.0% | $1,689,683 | $921,780 | $767,903 | 9.8% | $114,550 | $653,354 | 8.5% | Bay Valley Foods | 5/31/2020 | 140,947 | 34.1% | Axium Foods, Inc. | 8/31/2020 | 99,670 | 24.1% | Foal, LLC | ||||
31.05 | Property | Huntsville | 10.3% | 96.5% | $1,295,591 | $334,435 | $961,156 | 9.8% | $97,613 | $863,543 | 8.5% | Boneal Aerospace, Inc. | 3/31/2022 | 124,630 | 39.9% | Intercept Industries, Ltd. | 1/31/2021 | 104,825 | 33.6% | Custom Assembly, Inc | ||||
32 | Loan | LA Fitness Riverside | 13.3% | 95.0% | $949,633 | $117,851 | $831,782 | 10.4% | $38,042 | $793,740 | 9.9% | Fitness International, LLC | 08/31/2034 | 45,000 | 100.0% | NAP | NAP | NAP | NAP | NAP | ||||
33 | Loan | Cedar Trails Apartments | 8.4% | 93.8% | $1,228,743 | $565,462 | $663,281 | 8.4% | $30,000 | $633,281 | 8.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
34 | Loan | Maple Ridge Townhomes | 8.0% | 95.0% | $952,341 | $350,878 | $601,463 | 8.2% | $13,000 | $588,463 | 8.1% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
35 | Loan | Bassett Furniture - King of Prussia | 10.0% | 95.0% | $679,816 | $16,117 | $663,699 | 9.5% | $10,800 | $652,899 | 9.3% | Bassett Furniture | 4/30/2032 | 18,000 | 100.0% | NAP | NAP | NAP | NAP | NAP | ||||
36 | Loan | Villa Carmel | 6.5% | 88.9% | $773,948 | $264,005 | $509,943 | 7.5% | $8,120 | $501,823 | 7.4% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
37 | Loan | Osprey Cove South | 9.3% | 94.0% | $1,465,374 | $683,600 | $781,774 | 11.5% | $45,600 | $736,174 | 10.8% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
38 | Loan | Del Mar Terrace Apartments | 34.5% | 92.4% | $9,879,531 | $4,333,713 | $5,545,818 | 34.2% | $253,000 | $5,292,818 | 32.7% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
39 | Loan | Palm View Estates | 7.3% | 71.7% | $778,933 | $227,692 | $551,240 | 8.5% | $6,131 | $545,110 | 8.4% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
40 | Loan | Alma Elliot Square Shopping Center | 9.3% | 71.9% | $926,696 | $288,121 | $638,575 | 10.1% | $16,297 | $622,278 | 9.9% | St. Vincent de Paul (Thrift Store) | 9/30/2020 | 8,063 | 13.0% | O’Reilly Auto Parts | 5/31/2024 | 4,965 | 8.0% | Nature’s Health | ||||
41 | Loan | West Salem MHP | 10.1% | 95.0% | $1,007,736 | $450,604 | $557,133 | 9.7% | $13,100 | $544,033 | 9.5% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
42 | Loan | 4 Mountainview Terrace | 10.1% | 83.5% | $1,235,713 | $509,087 | $726,626 | 13.1% | $68,710 | $657,916 | 11.8% | SI Group | 10/31/2024 | 14,320 | 22.3% | BMO Harris Bank, N.A. | 1/31/2024 | 10,304 | 16.0% | Framework Solutions | ||||
43 | Loan | Fairfield Inn and Suites Fredericksburg | 14.6% | 64.0% | $2,446,371 | $1,689,260 | $757,111 | 13.8% | $97,855 | $659,256 | 12.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
44 | Loan | Allen Ridge Luxury Apartments | 9.7% | 95.0% | $640,965 | $131,801 | $509,164 | 9.3% | $14,000 | $495,164 | 9.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
45 | Loan | Hampton Inn - McLeansville (Greensboro East) | 15.2% | 62.9% | $1,909,432 | $1,084,309 | $825,123 | 15.0% | $76,377 | $748,746 | 13.6% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
46 | Loan | Courtyard by Marriott Secaucus | 15.9% | 76.4% | $8,024,714 | $5,712,452 | $2,312,262 | 15.5% | $401,236 | $1,911,026 | 12.8% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
47 | Loan | 48 Brookfield Oaks Dr | 7.3% | 93.2% | $746,910 | $222,506 | $524,404 | 10.8% | $51,255 | $473,149 | 9.8% | Gravitopia Carolina, LLC | 4/30/2026 | 35,160 | 54.2% | Summit Church | 9/30/2020 | 9,000 | 13.9% | S&ME, Inc. | ||||
48 | Loan | Studio 9Forty Apartments | NAP | 95.0% | $531,248 | $144,748 | $386,500 | 8.2% | $6,000 | $380,500 | 8.1% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
49 | Loan | Erie Plaza | 9.5% | 95.0% | $527,369 | $155,659 | $371,710 | 8.9% | $6,587 | $365,123 | 8.7% | Dollar General | 5/31/2020 | 10,773 | 31.1% | Grocery Leasing Corp. | 4/30/2031 | 10,500 | 30.3% | Metro PCS | ||||
50 | Loan | 2375 South 9th Street | NAP | 95.0% | $398,565 | $90,946 | $307,618 | 8.6% | $6,170 | $301,448 | 8.4% | Pan Kansas, LLC d/b/a Panera Bread | 5/31/2033 | 4,243 | 44.7% | Alltel Communications, LLC d/b/a Verizon Wireless | 8/31/2026 | 3,000 | 31.6% | Chipotle Mexican Grill | ||||
51 | Loan | Delano MHP | 8.2% | 82.6% | $599,482 | $265,234 | $334,248 | 9.8% | $5,450 | $328,798 | 9.7% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
52 | Loan | Crunch Fitness Tuscaloosa | NAP | 95.0% | $449,591 | $142,631 | $306,960 | 10.4% | $27,478 | $279,482 | 9.5% | Crunch Fitness | 1/31/2034 | 42,274 | 100.0% | NAP | NAP | NAP | NAP | NAP | ||||
53 | Loan | Anchor Danly - Ithaca | NAP | 95.0% | $392,986 | $11,790 | $381,197 | 13.2% | $23,481 | $357,715 | 12.4% | Anchor Danly | 9/30/2039 | 60,597 | 100.0% | NAP | NAP | NAP | NAP | NAP | ||||
54 | Loan | Belle Place MHC | 10.6% | 95.0% | $355,130 | $104,935 | $250,195 | 10.9% | $5,050 | $245,145 | 10.7% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
55 | Loan | Middlefield MHC | 9.3% | 88.7% | $477,377 | $280,889 | $196,488 | 9.5% | $7,050 | $189,438 | 9.2% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
A-1-12
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
AND MORTGAGED PROPERTIES
3RD LARGEST TENANT INFORMATION(15)(16)(18) | 4TH LARGEST TENANT INFORMATION(15)(16)(18) | 5TH LARGEST TENANT INFORMATION(15)(16)(18) | MORTGAGE LOAN RESERVE INFORMATION(19) | |||||||||||||||||
Loan ID | Footnotes | Flag | Deal Name | 3rd Largest Tenant Lease Expiration | 3rd Largest Tenant NSF | 3rd Largest Tenant % of NSF | 4th Largest Tenant(14)(15) | 4th Largest Tenant Lease Expiration | 4th Largest Tenant NSF | 4th Largest Tenant % of NSF | 5th Largest Tenant | 5th Largest Tenant Lease Expiration | 5th Largest Tenant NSF | 5th Largest Tenant % of NSF | Upfront Replacement Reserves | Monthly Replacement Reserves | Replacement Reserve Cap(20) | |||
1 | Loan | The Met Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | $0 | Springing | $120,000 | ||||
2 | Loan | Palm Beach Estates | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | $0 | $40,722 | NAP | ||||
3 | Loan | Towne Center East | 12/31/2028 | 6,000 | 3.9% | SalonCentric | 6/30/2022 | 4,080 | 2.6% | Fish-O-Licious | 10/31/2025 | 2,270 | 1.5% | $0 | Springing | $61,900 | ||||
4 | Loan | Farmers Insurance | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | $0 | Springing | NAP | ||||
5 | Loan | ILPT Industrial Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | $0 | $0 | NAP | ||||
5.01 | Property | 1800 Union Airpark Boulevard | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||
5.02 | Property | 4237-4255 Anson Boulevard | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||
5.03 | Property | 5000 Commerce Way | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||
5.04 | Property | 5142 and 5148 North Hanley Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||
5.05 | Property | 945 Monument Drive | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||
5.06 | Property | 2801 Airwest Boulevard | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||
5.07 | Property | 20 Logistics Boulevard | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||
5.08 | Property | 5500 SE Delaware Ave | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||
5.09 | Property | 2150 Stanley Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||
5.10 | Property | 16101 Queens Court | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||
5.11 | Property | 5 Logistics Drive | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||
6 | Loan | The Sunstone Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | $0 | Springing | $46,000 | ||||
7 | Loan | Duane Reade - Columbia University | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | $0 | $131 | NAP | ||||
8 | Loan | United Healthcare Office | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | $0 | $3,402 | NAP | ||||
9 | Loan | Patriots Crossing Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | $0 | $7,542 | NAP | ||||
10 | Loan | Redwood Technology Center | 4/30/2022 | 17,287 | 11.2% | Sutter West Bay Medical | 11/30/2025 | 7,198 | 4.7% | Keller Williams Realty | 4/30/2020 | 7,016 | 4.5% | $0 | $2,577 | $77,306 | ||||
11 | Loan | Edgewood Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | $0 | $6,600 | NAP | ||||
12 | Loan | 420 North Main Street | 7/14/2030 | 47,326 | 7.5% | Villegas Furniture, Inc. | 8/31/2023 | 46,610 | 7.3% | E&O Recycling Inc | 6/30/2023 | 44,253 | 7.0% | $500,000 | $7,937 | NAP | ||||
13 | Loan | Kohl’s Plaza | 4/30/2033 | 5,403 | 3.4% | Mattress Firm | 11/30/2025 | 5,175 | 3.2% | Pizza Hut | 12/31/2026 | 3,745 | 2.3% | $0 | $839 | NAP | ||||
14 | Loan | Crimson Retail Portfolio | Various | Various | Various | Various | Various | Various | Various | Various | Various | Various | Various | $0 | $3,980 | $334,397 | ||||
14.01 | Property | Little Elm | 4/30/2023 | 10,000 | 6.7% | The Draft House | 11/30/2024 | 5,057 | 3.4% | Hibbett Sporting Goods | 5/31/2023 | 5,000 | 3.3% | |||||||
14.02 | Property | South Plaza | 8/31/2028 | 10,800 | 8.5% | Autozone | 7/31/2023 | 7,910 | 6.2% | Brookesville Natural Foods | 10/31/2022 | 5,400 | 4.2% | |||||||
14.03 | Property | Office Depot | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||
14.04 | Property | JoAnn Fabrics | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||
15 | Loan | Presidential City | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | $0 | $12,688 | $761,250 | ||||
16 | Loan | Plaistow Center | 2/29/2028 | 17,313 | 13.1% | Dollar Tree Stores, Inc. | 6/30/2024 | 12,000 | 9.1% | National Tire and Battery - NTB | 2/20/2032 | 7,200 | 5.4% | $0 | $1,956 | NAP | ||||
17 | Loan | 3100 Alvin Devane | 1/31/2028 | 13,214 | 18.8% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | $17,597 | $1,466 | NAP | ||||
18 | Loan | Home2 Suites by Hilton Charlotte University Research Park | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | $0 | Springing | NAP | ||||
19 | Loan | Rochester Portfolio | Various | Various | Various | Various | Various | Various | Various | Various | Various | Various | Various | $0 | $2,875 | NAP | ||||
19.01 | Property | Westfall Townhomes | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||
19.02 | Property | Jefferson Plaza | 3/30/2022 | 5,852 | 8.9% | Elim Gospel Church | 2/28/2022 | 5,468 | 8.3% | Uniform Village | 12/31/2024 | 5,310 | 8.1% | |||||||
19.03 | Property | Saginaw Plaza | 9/30/2024 | 3,000 | 7.4% | Yoruk Development Co. | 12/31/2024 | 2,600 | 6.4% | New York Technology Partners | 11/30/2024 | 2,400 | 5.9% | |||||||
19.04 | Property | South Winton Court | 11/30/2023 | 4,000 | 8.3% | Avarus Solutions, LLC | 3/30/2025 | 3,800 | 7.9% | American Print | 9/30/2022 | 3,500 | 7.3% | |||||||
20 | Loan | 1447 Enterprise Boulevard | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | $0 | $1,707 | $100,000 | ||||
21 | Loan | Shabsels Fee Portfolio | Various | Various | Various | Various | Various | Various | Various | Various | Various | Various | Various | $0 | Springing | NAP | ||||
21.01 | Property | 9 Farm Springs | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||
21.02 | Property | Clocktower Place | 12/31/2024 | 18,600 | 9.0% | Citi Trends | 10/31/2024 | 18,000 | 8.7% | K&G Fashion Superstore | 4/30/2026 | 16,028 | 7.7% | |||||||
22 | Loan | Greenfield Gateway | 12/31/2020 | 3,600 | 5.3% | CrossFit New Strength | 08/31/2020 | 3,524 | 5.2% | Time Out Sports | 06/30/2024 | 3,007 | 4.4% | $0 | $564 | NAP | ||||
23 | Loan | Gatlin Retail Portfolio | Various | Various | Various | Various | Various | Various | Various | Various | Various | Various | Various | $0 | $4,053 | NAP | ||||
23.01 | Property | The Forum at Gateways | 11/1/2029 | 11,972 | 4.7% | Buffalo Wild Wings | 4/12/2024 | 7,583 | 3.0% | Rondo Produce Market | 1/31/2025 | 4,866 | 1.9% | |||||||
23.02 | Property | Wilson Square Shopping Center | 10/31/2024 | 5,280 | 7.8% | Super Wing & Philly | 2/28/2026 | 1,575 | 2.3% | Smoke N’ Vape | 2/28/2020 | 1,500 | 2.2% | |||||||
24 | Loan | Paradise Shoppes of Summerville | 10/31/2021 | 2,800 | 4.5% | Eggs Up Grill | 3/31/2028 | 2,800 | 4.5% | Top Nail (BICH THUY NGOC DAO) | 3/31/2025 | 1,400 | 2.2% | $0 | $785 | NAP | ||||
25 | Loan | Wyndham - Norfolk | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | $0 | $17,377 | NAP | ||||
26 | Loan | Sharonville Plaza | 8/31/2029 | 29,066 | 21.1% | Patel Brothers | 8/31/2021 | 9,000 | 6.5% | Tasty Pot Cuisine | 4/30/2026 | 3,200 | 2.3% | $0 | $1,724 | NAP | ||||
27 | Loan | Bemidji Mixed Use Portfolio | Various | Various | Various | Various | Various | Various | Various | Various | Various | Various | Various | $100,000 | $2,415 | NAP | ||||
27.01 | Property | Cottage Park Townhomes | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||
27.02 | Property | Supreme Business Center | 3/31/2018 | 2,400 | 12.7% | Stellher Human Svcs 677F | 12/31/2025 | 2,200 | 11.6% | Education MN | 4/30/2020 | 1,700 | 9.0% | |||||||
27.03 | Property | 519 Anne Street Northwest | 9/30/2025 | 2,500 | 16.7% | Life Quest 519C | 7/31/2023 | 1,500 | 10.0% | NAP | NAP | NAP | NAP | |||||||
27.04 | Property | Stonegate Studios | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||
28 | Loan | Home2 Suites OKC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | $0 | $4,301 | NAP | ||||
29 | Loan | Hy-Vee Omaha | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | $0 | Springing | NAP | ||||
30 | Loan | Plaza at Santa Barbara | 4/30/2022 | 4,600 | 8.4% | Capital Pawn, Inc. | 8/31/2024 | 3,990 | 7.3% | Grupo Flamingo, Inc. | 8/31/2021 | 3,000 | 5.5% | $0 | $676 | NAP | ||||
31 | Loan | Phoenix Industrial Portfolio II | Various | Various | Various | Various | Various | Various | Various | NAP | NAP | NAP | NAP | $0 | $19,922 | $481,308 | ||||
31.01 | Property | DuBois | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||
31.02 | Property | Jefferson | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||
31.03 | Property | Flint | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
A-1-13
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
AND MORTGAGED PROPERTIES
3RD LARGEST TENANT INFORMATION(15)(16)(18) | 4TH LARGEST TENANT INFORMATION(15)(16)(18) | 5TH LARGEST TENANT INFORMATION(15)(16)(18) | MORTGAGE LOAN RESERVE INFORMATION(19) | |||||||||||||||||
Loan ID | Footnotes | Flag | Deal Name | 3rd Largest Tenant Lease Expiration | 3rd Largest Tenant NSF | 3rd Largest Tenant % of NSF | 4th Largest Tenant(14)(15) | 4th Largest Tenant Lease Expiration | 4th Largest Tenant NSF | 4th Largest Tenant % of NSF | 5th Largest Tenant | 5th Largest Tenant Lease Expiration | 5th Largest Tenant NSF | 5th Largest Tenant % of NSF | Upfront Replacement Reserves | Monthly Replacement Reserves | Replacement Reserve Cap(20) | |||
31.04 | Property | Beloit | 1/31/2020 | 18,511 | 4.5% | SSB Manufacturing Company | 11/30/2021 | 18,175 | 4.4% | NAP | NAP | NAP | NAP | |||||||
31.05 | Property | Huntsville | 11/30/2019 | 70,000 | 22.4% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||
32 | Loan | LA Fitness Riverside | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | $550,000 | $0 | NAP | ||||
33 | Loan | Cedar Trails Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | $0 | $2,500 | NAP | ||||
34 | Loan | Maple Ridge Townhomes | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | $0 | $1,083 | NAP | ||||
35 | Loan | Bassett Furniture - King of Prussia | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | $0 | $225 | NAP | ||||
36 | Loan | Villa Carmel | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | $0 | $677 | NAP | ||||
37 | Loan | Osprey Cove South | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | $533,171 | $4,750 | $228,000 | ||||
38 | Loan | Del Mar Terrace Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | $0 | $21,083 | NAP | ||||
39 | Loan | Palm View Estates | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | $0 | $511 | NAP | ||||
40 | Loan | Alma Elliot Square Shopping Center | 4/30/2024 | 3,942 | 6.3% | Masa Sushi | 11/30/2024 | 3,300 | 5.3% | Ye’s Restaurant | 1/31/2024 | 2,250 | 3.6% | $0 | $1,036 | NAP | ||||
41 | Loan | West Salem MHP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | $0 | $1,092 | NAP | ||||
42 | Loan | 4 Mountainview Terrace | 11/30/2026 | 8,272 | 12.9% | Orion Mobility, LLC | 10/31/2022 | 5,500 | 8.6% | Education Connection | 6/30/2022 | 4,500 | 7.0% | $0 | $1,109 | NAP | ||||
43 | Loan | Fairfield Inn and Suites Fredericksburg | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | $0 | $1,138 | NAP | ||||
44 | Loan | Allen Ridge Luxury Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | $0 | $1,167 | $50,000 | ||||
45 | Loan | Hampton Inn - McLeansville (Greensboro East) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | $0 | $6,365 | NAP | ||||
46 | Loan | Courtyard by Marriott Secaucus | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | $0 | Springing | NAP | ||||
47 | Loan | 48 Brookfield Oaks Dr | 11/30/2023 | 8,582 | 13.2% | Progressive Athletic Performance, LLC | 7/31/2024 | 4,046 | 6.2% | RurouniFADI, LLC | 8/31/2024 | 4,046 | 6.2% | $0 | $1,027 | NAP | ||||
48 | Loan | Studio 9Forty Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | $500 | $500 | NAP | ||||
49 | Loan | Erie Plaza | 12/31/2025 | 4,500 | 13.0% | The Geo Group | 1/1/2024 | 4,140 | 11.9% | Fine Wine & Good Spirits | 3/31/2021 | 3,354 | 9.7% | $0 | $578 | NAP | ||||
50 | Loan | 2375 South 9th Street | 5/31/2028 | 2,250 | 23.7% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | $0 | $119 | $5,696 | ||||
51 | Loan | Delano MHP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | $100,000 | $454 | NAP | ||||
52 | Loan | Crunch Fitness Tuscaloosa | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | $0 | $528 | NAP | ||||
53 | Loan | Anchor Danly - Ithaca | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | $0 | $757 | $27,269 | ||||
54 | Loan | Belle Place MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | $0 | $421 | NAP | ||||
55 | Loan | Middlefield MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | $0 | $633 | NAP |
A-1-14
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
AND MORTGAGED PROPERTIES
MORTGAGE LOAN RESERVE INFORMATION(19) | |||||||||||||
Loan ID | Footnotes | Flag | Deal Name | Upfront TI/LC Reserves | Monthly TI/LC Reserves | TI/LC Reserve Cap(20) | Upfront Tax Reserves | Monthly Tax Reserves | Upfront Insurance Reserves | Monthly Insurance Reserves | Upfront Deferred Maint. Reserve | Upfront Debt Service Reserves | Monthly Debt Service Reserves |
1 | Loan | The Met Apartments | $0 | $0 | NAP | $0 | Springing | $0 | Springing | $0 | $0 | $0 | |
2 | Loan | Palm Beach Estates | $0 | $0 | NAP | $377,486 | $34,317 | $397,408 | $39,741 | $337,249 | $0 | $0 | |
3 | Loan | Towne Center East | $0 | Springing | $232,125 | $0 | Springing | $0 | Springing | $0 | $0 | $0 | |
4 | Loan | Farmers Insurance | $0 | Springing | NAP | $0 | Springing | $0 | Springing | $0 | $289,294 | $0 | |
5 | Loan | ILPT Industrial Portfolio | $0 | $0 | NAP | $0 | Springing | $0 | Springing | $0 | $0 | $0 | |
5.01 | Property | 1800 Union Airpark Boulevard | |||||||||||
5.02 | Property | 4237-4255 Anson Boulevard | |||||||||||
5.03 | Property | 5000 Commerce Way | |||||||||||
5.04 | Property | 5142 and 5148 North Hanley Road | |||||||||||
5.05 | Property | 945 Monument Drive | |||||||||||
5.06 | Property | 2801 Airwest Boulevard | |||||||||||
5.07 | Property | 20 Logistics Boulevard | |||||||||||
5.08 | Property | 5500 SE Delaware Ave | |||||||||||
5.09 | Property | 2150 Stanley Road | |||||||||||
5.10 | Property | 16101 Queens Court | |||||||||||
5.11 | Property | 5 Logistics Drive | |||||||||||
6 | Loan | The Sunstone Apartments | $0 | $0 | NAP | $0 | Springing | $0 | Springing | $0 | $0 | $0 | |
7 | Loan | Duane Reade - Columbia University | $0 | $657 | NAP | $0 | Springing | $11,339 | Springing | $0 | $0 | $0 | |
8 | Loan | United Healthcare Office | $0 | $29,768 | NAP | $0 | Springing | $0 | Springing | $0 | $0 | $0 | |
9 | Loan | Patriots Crossing Apartments | $0 | $0 | NAP | $170,466 | $14,695 | $48,146 | $6,335 | $371,213 | $0 | $0 | |
10 | Loan | Redwood Technology Center | $750,000 | $19,327 | NAP | $17,459 | $8,730 | $26,719 | $3,107 | $0 | $0 | $0 | |
11 | Loan | Edgewood Apartments | $0 | $0 | NAP | $79,003 | $7,182 | $85,379 | $10,672 | $401,829 | $0 | $0 | |
12 | Loan | 420 North Main Street | $100,000 | $10,583 | $635,000 | $18,256 | $4,564 | $29,956 | $2,723 | $79,064 | $0 | $0 | |
13 | Loan | Kohl’s Plaza | $0 | $6,551 | $353,741 | $158,022 | $15,230 | $10,987 | $10,987 | $0 | $0 | $0 | |
14 | Loan | Crimson Retail Portfolio | $215,000 | $15,919 | $1,146,161 | $94,740 | $66,968 | $24,585 | $10,976 | $233,219 | $0 | $0 | |
14.01 | Property | Little Elm | |||||||||||
14.02 | Property | South Plaza | |||||||||||
14.03 | Property | Office Depot | |||||||||||
14.04 | Property | JoAnn Fabrics | |||||||||||
15 | Loan | Presidential City | $150,000 | $6,540 | $235,449 | $946,295 | $135,185 | $129,834 | Springing | $0 | $0 | $0 | |
16 | Loan | Plaistow Center | $200,000 | $4,413 | (i) $350,000 until the occurrence of a Leasing Reserve Trigger and (ii) $200,000 from and after the occurrence of a Leasing Reserve Trigger | $230,901 | $38,484 | $7,907 | $3,953 | $0 | $0 | $0 | |
17 | Loan | 3100 Alvin Devane | $105,582 | $8,799 | $316,746 | $0 | $23,289 | $0 | $2,663 | $10,800 | $0 | $0 | |
18 | Loan | Home2 Suites by Hilton Charlotte University Research Park | $0 | $0 | NAP | $23,652 | $7,884 | $7,334 | $3,667 | $0 | $0 | $0 | |
19 | Loan | Rochester Portfolio | $600,000 | $12,815 | $600,000 | $224,782 | $30,583 | $8,149 | $4,937 | $23,163 | $0 | $0 | |
19.01 | Property | Westfall Townhomes | |||||||||||
19.02 | Property | Jefferson Plaza | |||||||||||
19.03 | Property | Saginaw Plaza | |||||||||||
19.04 | Property | South Winton Court | |||||||||||
20 | Loan | 1447 Enterprise Boulevard | $0 | Springing | NAP | $0 | $6,931 | $0 | Springing | $9,000 | $0 | $0 | |
21 | Loan | Shabsels Fee Portfolio | $0 | Springing | NAP | $0 | Springing | $0 | Springing | $0 | $0 | $0 | |
21.01 | Property | 9 Farm Springs | |||||||||||
21.02 | Property | Clocktower Place | |||||||||||
22 | Loan | Greenfield Gateway | $34,500 | $2,821 | $101,564 | $32,799 | $11,609 | $3,649 | $912 | $68,351 | $0 | $0 | |
23 | Loan | Gatlin Retail Portfolio | $0 | $13,511 | NAP | $211,249 | $36,596 | $0 | Springing | $142,933 | $0 | $0 | |
23.01 | Property | The Forum at Gateways | |||||||||||
23.02 | Property | Wilson Square Shopping Center | |||||||||||
24 | Loan | Paradise Shoppes of Summerville | $0 | $3,925 | $235,000 | $173,552 | $15,777 | $0 | Springing | $0 | $0 | $0 | |
25 | Loan | Wyndham - Norfolk | $0 | $0 | NAP | $0 | $8,877 | $81,915 | $9,798 | $21,563 | $31,733 | $0 | |
26 | Loan | Sharonville Plaza | $0 | $5,748 | $310,379 | $79,745 | $12,083 | $19,332 | $1,632 | $5,344 | $0 | $0 | |
27 | Loan | Bemidji Mixed Use Portfolio | $100,000 | $2,825 | $133,900 | $12,135 | $12,135 | $2,873 | $2,873 | $0 | $0 | $0 | |
27.01 | Property | Cottage Park Townhomes | |||||||||||
27.02 | Property | Supreme Business Center | |||||||||||
27.03 | Property | 519 Anne Street Northwest | |||||||||||
27.04 | Property | Stonegate Studios | |||||||||||
28 | Loan | Home2 Suites OKC | $0 | $0 | NAP | $11,287 | $11,283 | $31,664 | $4,523 | $5,000 | $0 | $0 | |
29 | Loan | Hy-Vee Omaha | $0 | Springing | NAP | $0 | Springing | $0 | Springing | $0 | $0 | $0 | |
30 | Loan | Plaza at Santa Barbara | $0 | $2,083 | $125,000 | $9,818 | $4,909 | $36,805 | $3,681 | $0 | $0 | $0 | |
31 | Loan | Phoenix Industrial Portfolio II | $0 | $199,221 | $1,500,000 | $261,385 | $62,502 | $159,062 | $13,255 | $283,040 | $0 | $0 | |
31.01 | Property | DuBois | |||||||||||
31.02 | Property | Jefferson | |||||||||||
31.03 | Property | Flint |
A-1-15
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
AND MORTGAGED PROPERTIES
MORTGAGE LOAN RESERVE INFORMATION(19) | |||||||||||||
Loan ID | Footnotes | Flag | Deal Name | Upfront TI/LC Reserves | Monthly TI/LC Reserves | TI/LC Reserve Cap(20) | Upfront Tax Reserves | Monthly Tax Reserves | Upfront Insurance Reserves | Monthly Insurance Reserves | Upfront Deferred Maint. Reserve | Upfront Debt Service Reserves | Monthly Debt Service Reserves |
31.04 | Property | Beloit | |||||||||||
31.05 | Property | Huntsville | |||||||||||
32 | Loan | LA Fitness Riverside | $0 | $0 | NAP | $0 | Springing | $3,351 | $558 | $0 | $0 | $0 | |
33 | Loan | Cedar Trails Apartments | $0 | $0 | NAP | $0 | $8,643 | $31,997 | $3,200 | $3,125 | $0 | $0 | |
34 | Loan | Maple Ridge Townhomes | $0 | $0 | NAP | $206,372 | $15,875 | $11,713 | $2,343 | $0 | $0 | $0 | |
35 | Loan | Bassett Furniture - King of Prussia | $0 | $750 | $45,000 | $0 | Springing | $3,736 | $747 | $0 | $0 | $0 | |
36 | Loan | Villa Carmel | $0 | $0 | NAP | $5,836 | $2,918 | $16,939 | $1,412 | $11,479 | $0 | $0 | |
37 | Loan | Osprey Cove South | $0 | $0 | NAP | $0 | $1,980 | $16,748 | $6,442 | $78,300 | $0 | $0 | |
38 | Loan | Del Mar Terrace Apartments | $0 | $0 | NAP | $213,501 | $53,375 | $55,451 | $10,082 | $0 | $0 | $0 | |
39 | Loan | Palm View Estates | $0 | $0 | NAP | $14,518 | $3,019 | $18,111 | $3,445 | $0 | $0 | $0 | |
40 | Loan | Alma Elliot Square Shopping Center | $250,000 | $2,475 | NAP | $10,000 | $7,708 | $0 | Springing | $9,750 | $0 | $0 | |
41 | Loan | West Salem MHP | $0 | $0 | NAP | $63,223 | $10,537 | $2,749 | $344 | $11,760 | $0 | $0 | |
42 | Loan | 4 Mountainview Terrace | $100,000 | $6,690 | NAP | $10,048 | $6,280 | $2,691 | $1,682 | $22,838 | $0 | $0 | |
43 | Loan | Fairfield Inn and Suites Fredericksburg | $0 | $0 | NAP | $10,901 | $10,901 | $6,534 | $3,267 | $0 | $0 | $0 | |
44 | Loan | Allen Ridge Luxury Apartments | $0 | $0 | NAP | $0 | $4,440 | $1,681 | $1,681 | $0 | $0 | $0 | |
45 | Loan | Hampton Inn - McLeansville (Greensboro East) | $0 | Springing | NAP | $0 | $4,453 | $10,420 | $2,265 | $0 | $0 | $0 | |
46 | Loan | Courtyard by Marriott Secaucus | $0 | $0 | NAP | $0 | Springing | $0 | Springing | $0 | $0 | $0 | |
47 | Loan | 48 Brookfield Oaks Dr | $0 | $2,667 | $128,000 | $76,359 | $6,942 | $4,823 | $1,608 | $0 | $0 | $0 | |
48 | Loan | Studio 9Forty Apartments | $0 | $0 | NAP | $0 | $2,137 | $2,197 | $732 | $30,000 | $0 | $0 | |
49 | Loan | Erie Plaza | $240,000 | $1,444 | NAP | $36,563 | $3,809 | $22,006 | $2,277 | $0 | $0 | $0 | |
50 | Loan | 2375 South 9th Street | $0 | $396 | $18,986 | $17,352 | $2,892 | $7,076 | $643 | $0 | $0 | $0 | |
51 | Loan | Delano MHP | $0 | $0 | NAP | $41,875 | $10,469 | $2,514 | $1,257 | $115,878 | $0 | $0 | |
52 | Loan | Crunch Fitness Tuscaloosa | $0 | $1,761 | NAP | $10,839 | $5,420 | $2,513 | $1,257 | $3,600 | $0 | $0 | |
53 | Loan | Anchor Danly - Ithaca | $0 | $2,525 | NAP | $0 | Springing | $0 | Springing | $0 | $0 | $0 | |
54 | Loan | Belle Place MHC | $0 | $0 | NAP | $742 | $371 | $1,596 | $532 | $0 | $0 | $0 | |
55 | Loan | Middlefield MHC | $0 | $0 | NAP | $13,454 | $4,485 | $1,059 | $1,059 | $10,813 | $0 | $0 |
A-1-16
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
AND MORTGAGED PROPERTIES
MORTGAGE LOAN RESERVE INFORMATION(19) | ||||||||
Loan ID | Footnotes | Flag | Deal Name | Upfront Environmental Reserves | Initial Other Reserves | Initial Other Reserves Description | Ongoing Other Reserves | Ongoing Other Reserves Description |
1 | Loan | The Met Apartments | $0 | $0 | NAP | $0 | NAP | |
2 | Loan | Palm Beach Estates | $0 | $150,000 | Insurance Deductible Reserve | $0 | NAP | |
3 | Loan | Towne Center East | $0 | $44,675 | Unfunded Obligations Reserve | Home Depot Rollover Reserve (Springing) | Upon the occurrence of Home Depot (i) failing to exercise its lease extension prior to the date it is required to do so or (ii) delivering written notice that it does not intend to exercise its extension or renewal option, Borrower shall deposit all remaining funds outstanding in the Cash Management Account | |
4 | Loan | Farmers Insurance | $0 | $0 | NAP | $0 | NAP | |
5 | Loan | ILPT Industrial Portfolio | $0 | $6,134,904 | Toro Expansion Reserve | $0 | NAP | |
5.01 | Property | 1800 Union Airpark Boulevard | ||||||
5.02 | Property | 4237-4255 Anson Boulevard | ||||||
5.03 | Property | 5000 Commerce Way | ||||||
5.04 | Property | 5142 and 5148 North Hanley Road | ||||||
5.05 | Property | 945 Monument Drive | ||||||
5.06 | Property | 2801 Airwest Boulevard | ||||||
5.07 | Property | 20 Logistics Boulevard | ||||||
5.08 | Property | 5500 SE Delaware Ave | ||||||
5.09 | Property | 2150 Stanley Road | ||||||
5.10 | Property | 16101 Queens Court | ||||||
5.11 | Property | 5 Logistics Drive | ||||||
6 | Loan | The Sunstone Apartments | $0 | $0 | NAP | $0 | NAP | |
7 | Loan | Duane Reade - Columbia University | $0 | $0 | NAP | $0 | NAP | |
8 | Loan | United Healthcare Office | $0 | $1,000,000 | Material Tenant Rollover | Springing | During a Material Tenant Trigger Event Period, Borrower shall deposit with Lender all Material Tenant Trigger Event Excess Cash Flow for tenant allowances and TI/LCs that may be incurred or required to be reimbursed by Borrower in connection with an Acceptable Material Lease Extension or an Acceptable Material Tenant Space Re-tenanting Event. | |
9 | Loan | Patriots Crossing Apartments | $0 | $0 | NAP | $0 | NAP | |
10 | Loan | Redwood Technology Center | $0 | $0 | NAP | $0 | NAP | |
11 | Loan | Edgewood Apartments | $0 | $0 | NAP | $0 | NAP | |
12 | Loan | 420 North Main Street | $0 | $0 | NAP | $0 | NAP | |
13 | Loan | Kohl’s Plaza | $804,100 | $0 | NAP | Springing | Lease Sweep Reserve | |
14 | Loan | Crimson Retail Portfolio | Environmental Deductible Reserve ($12,500); Environmental Program Annual Registration ($1,250) | $568,688 | Rent Concessions Reserve ($23,688); TATILC Reserve Funds ($545,000) | $0 | NAP | |
14.01 | Property | Little Elm | ||||||
14.02 | Property | South Plaza | ||||||
14.03 | Property | Office Depot | ||||||
14.04 | Property | JoAnn Fabrics | ||||||
15 | Loan | Presidential City | $0 | $270,833 | Free Rent Reserve | $0 | NAP | |
16 | Loan | Plaistow Center | $0 | $0 | NAP | $0 | NAP | |
17 | Loan | 3100 Alvin Devane | $0 | $0 | NAP | $0 | NAP | |
18 | Loan | Home2 Suites by Hilton Charlotte University Research Park | $0 | $165,000 | Upfront PIP Reserve | $0 | NAP | |
19 | Loan | Rochester Portfolio | $0 | $266,939 | Tenant Occupancy Reserve ($266,939) | Goodwill Reserve (Springing) | In the event Goodwill fails to waive its right to terminate its lease on or prior to June 30, 2020, then commencing on July 1, 2020 and on each payment date thereafter, borrower shall escrow $17,834.96 into a reserve | |
19.01 | Property | Westfall Townhomes | ||||||
19.02 | Property | Jefferson Plaza | ||||||
19.03 | Property | Saginaw Plaza | ||||||
19.04 | Property | South Winton Court | ||||||
20 | Loan | 1447 Enterprise Boulevard | $0 | $1,020,000 | Unfunded Obligations Reserve ($720,000); Pactiv Reserve Funds ($300,000) | $0 | NAP | |
21 | Loan | Shabsels Fee Portfolio | $62,500 | $1,357,500 | UTC Rent Reserve ($1,162,500.00); Ground Rent Reserve ($195,000) | $0 | NAP | |
21.01 | Property | 9 Farm Springs | ||||||
21.02 | Property | Clocktower Place | ||||||
22 | Loan | Greenfield Gateway | $0 | $113,600 | Perfect Pawn ($87,000); Kure Corp/Cigalicious ($26,600) | $0 | 0 | |
23 | Loan | Gatlin Retail Portfolio | $6,250 | $1,356,453 | Free Rent Reserve ($226,892.09); Unfunded Obligation Reserve ($1,129,560.75) | $0 | NAP | |
23.01 | Property | The Forum at Gateways | ||||||
23.02 | Property | Wilson Square Shopping Center | ||||||
24 | Loan | Paradise Shoppes of Summerville | $0 | $0 | NAP | Lease Termination Fee Reserve (Springing) | In the event that Borrower receives a terminaiton fee that exceeds $25,000 from any tenant other than OneMain Financial, borrower immediately deposits the termination fee with the lender. | |
25 | Loan | Wyndham - Norfolk | $0 | $0 | NAP | Condominium Common Charge Funds (Springing) | Borrower is required to make Monthly payments of 1/12th of Condominium Common Charges that the Lender estimates will be payable during the ensuing 12 months. The Borrower’s obligation to make monthly Condominium Common Charges payments shall be suspended until such time as Condominium Common Charges are assessed against the Property. | |
26 | Loan | Sharonville Plaza | $0 | $442,996 | Outparcel Reserve ($123,419.74); TATILC Reserve ($194,502.00); Rent Concession Reserve ($125,074.44) | $0 | NAP | |
27 | Loan | Bemidji Mixed Use Portfolio | $0 | $0 | NAP | $0 | NAP | |
27.01 | Property | Cottage Park Townhomes | ||||||
27.02 | Property | Supreme Business Center | ||||||
27.03 | Property | 519 Anne Street Northwest | ||||||
27.04 | Property | Stonegate Studios | ||||||
28 | Loan | Home2 Suites OKC | $0 | $0 | NAP | PIP Reserve (Springing) | On the date that any PIP is imposed by the franchisor, 110% of the sum required to pay such PIP | |
29 | Loan | Hy-Vee Omaha | $0 | $0 | NAP | Springing | Lease Sweep Reserve | |
30 | Loan | Plaza at Santa Barbara | $0 | $0 | NAP | $0 | NAP | |
31 | Loan | Phoenix Industrial Portfolio II | $0 | $0 | NAP | $0 | NAP | |
31.01 | Property | DuBois | ||||||
31.02 | Property | Jefferson | ||||||
31.03 | Property | Flint |
A-1-17
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
AND MORTGAGED PROPERTIES
MORTGAGE LOAN RESERVE INFORMATION(19) | ||||||||
Loan ID | Footnotes | Flag | Deal Name | Upfront Environmental Reserves | Initial Other Reserves | Initial Other Reserves Description | Ongoing Other Reserves | Ongoing Other Reserves Description |
31.04 | Property | Beloit | ||||||
31.05 | Property | Huntsville | ||||||
32 | Loan | LA Fitness Riverside | $0 | $0 | NAP | $0 | 0 | |
33 | Loan | Cedar Trails Apartments | $0 | $0 | NAP | $0 | NAP | |
34 | Loan | Maple Ridge Townhomes | $0 | $0 | NAP | $0 | NAP | |
35 | Loan | Bassett Furniture - King of Prussia | $0 | $0 | NAP | $0 | NAP | |
36 | Loan | Villa Carmel | $0 | $0 | NAP | $0 | NAP | |
37 | Loan | Osprey Cove South | $0 | $0 | NAP | $0 | NAP | |
38 | Loan | Del Mar Terrace Apartments | $0 | $0 | NAP | $0 | NAP | |
39 | Loan | Palm View Estates | $0 | $300,000 | Achievement Reserve | $0 | NAP | |
40 | Loan | Alma Elliot Square Shopping Center | $0 | $500,000 | Estoppel Holdback Funds | $0 | NAP | |
41 | Loan | West Salem MHP | $0 | $0 | NAP | $0 | NAP | |
42 | Loan | 4 Mountainview Terrace | $0 | $0 | NAP | $0 | NAP | |
43 | Loan | Fairfield Inn and Suites Fredericksburg | $0 | $50,000 | PIP Reserve | $0 | NAP | |
44 | Loan | Allen Ridge Luxury Apartments | $0 | $0 | NAP | $0 | NAP | |
45 | Loan | Hampton Inn - McLeansville (Greensboro East) | $0 | $46,500 | Seasonality Reserve | Seasonality Reserve | Commencing in July 2020 through September 2020, and every July through September thereafter, borrower shall deposit an amount equal to one third of 125% of the prior year’s estimated shortfall less any amounts remaining in the seasonality reserve | |
46 | Loan | Courtyard by Marriott Secaucus | $0 | $0 | Ground Rent Reserve (Springing) | 1/12 of an amount which would be sufficient to pay ground rent payable unless (i) the Management Agreement remains in full force and effect and the Ground Rent is required to be paid directly to the ground lessor under the Ground Lease by Manager pursuant to the Management Agreement; (ii) Lender receives evidence reasonably satisfactory to Lender that the Ground Rent is timely paid. | NAP | |
47 | Loan | 48 Brookfield Oaks Dr | $0 | $0 | NAP | $0 | NAP | |
48 | Loan | Studio 9Forty Apartments | $0 | $0 | NAP | $0 | NAP | |
49 | Loan | Erie Plaza | $0 | $0 | NAP | $0 | NAP | |
50 | Loan | 2375 South 9th Street | $0 | $0 | NAP | $0 | NAP | |
51 | Loan | Delano MHP | $0 | $0 | NAP | $0 | NAP | |
52 | Loan | Crunch Fitness Tuscaloosa | $0 | $0 | NAP | $0 | NAP | |
53 | Loan | Anchor Danly - Ithaca | $0 | $0 | NAP | $0 | NAP | |
54 | Loan | Belle Place MHC | $0 | $0 | NAP | $0 | NAP | |
55 | Loan | Middlefield MHC | $0 | $447,500 | Capital Expenditure Reserve | $0 | NAP |
A-1-18
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
AND MORTGAGED PROPERTIES
MORTGAGE LOAN RESERVE INFORMATION(19) | THIRD PARTY REPORTS | ||||||||||||||||
Loan ID | Footnotes | Flag | Deal Name | Other Reserves Cap(21) | Holdback(22) | Holdback Amount(22) | Holdback Description(22) | Letter of Credit | Letter of Credit Description | Appraisal Value Date | Environmental Phase I Report Date(23) | Phase II Performed(23) | Engineering Report Date | Seismic Zone (Y/N) | Seismic Report Date | PML % | |
1 | Loan | The Met Apartments | NAP | No | NAP | NAP | No | NAP | 10/10/2019 | 9/20/2019 | No | 10/10/2019 | NAP | NAP | NAP | ||
2 | Loan | Palm Beach Estates | NAP | No | NAP | NAP | No | NAP | 09/23/2019 | 10/08/2019 | No | 10/08/2019 | NAP | NAP | NAP | ||
3 | Loan | Towne Center East | $1,551,345 | No | NAP | NAP | No | NAP | 8/27/2019 | 9/26/2019 | No | 9/9/2019 | 4 | 9/9/2019 | 11.0% | ||
4 | Loan | Farmers Insurance | NAP | No | NAP | NAP | No | NAP | 8/6/2019 | 7/25/2019 | No | 7/25/2019 | NAP | NAP | NAP | ||
5 | Loan | ILPT Industrial Portfolio | NAP | No | NAP | NAP | No | NAP | Various | Various | No | Various | NAP | NAP | NAP | ||
5.01 | Property | 1800 Union Airpark Boulevard | 7/15/2019 | 7/23/2019 | No | 7/23/2019 | NAP | NAP | NAP | ||||||||
5.02 | Property | 4237-4255 Anson Boulevard | 7/16/2019 | 7/23/2019 | No | 7/23/2019 | NAP | NAP | NAP | ||||||||
5.03 | Property | 5000 Commerce Way | 7/18/2019 | 7/26/2019 | No | 7/26/2019 | NAP | NAP | NAP | ||||||||
5.04 | Property | 5142 and 5148 North Hanley Road | 7/15/2019 | 7/23/2019 | No | 7/23/2019 | NAP | NAP | NAP | ||||||||
5.05 | Property | 945 Monument Drive | 7/16/2019 | 7/23/2019 | No | 7/23/2019 | NAP | NAP | NAP | ||||||||
5.06 | Property | 2801 Airwest Boulevard | 7/16/2019 | 7/23/2019 | No | 7/23/2019 | NAP | NAP | NAP | ||||||||
5.07 | Property | 20 Logistics Boulevard | 7/15/2019 | 7/23/2019 | No | 7/23/2019 | NAP | NAP | NAP | ||||||||
5.08 | Property | 5500 SE Delaware Ave | 7/23/2019 | 7/30/2019 | No | 7/30/2019 | NAP | NAP | NAP | ||||||||
5.09 | Property | 2150 Stanley Road | 7/16/2019 | 7/23/2019 | No | 7/23/2019 | NAP | NAP | NAP | ||||||||
5.10 | Property | 16101 Queens Court | 7/16/2019 | 7/23/2019 | No | 7/23/2019 | NAP | NAP | NAP | ||||||||
5.11 | Property | 5 Logistics Drive | 7/16/2019 | 7/23/2019 | No | 7/23/2019 | NAP | NAP | NAP | ||||||||
6 | Loan | The Sunstone Apartments | NAP | No | NAP | NAP | No | NAP | 10/10/2019 | 9/23/2019 | No | 10/10/2019 | NAP | NAP | NAP | ||
7 | Loan | Duane Reade - Columbia University | NAP | No | NAP | NAP | No | NAP | 9/13/2019 | 10/21/2019 | No | 10/25/2019 | NAP | NAP | NAP | ||
8 | Loan | United Healthcare Office | NAP | No | NAP | NAP | No | NAP | 8/23/2019 | 9/4/2019 | No | 9/4/2019 | NAP | NAP | NAP | ||
9 | Loan | Patriots Crossing Apartments | NAP | No | NAP | NAP | No | NAP | 8/14/2019 | 9/18/2019 | No | 8/15/2019 | NAP | NAP | NAP | ||
10 | Loan | Redwood Technology Center | NAP | No | NAP | NAP | No | NAP | 10/8/2019 | 10/9/2019 | No | 10/9/2019 | 4 | 10/9/2019 | 10.0% | ||
11 | Loan | Edgewood Apartments | NAP | No | NAP | NAP | No | NAP | 8/20/2019 | 8/28/2019 | No | 8/30/2019 | NAP | NAP | NAP | ||
12 | Loan | 420 North Main Street | NAP | No | NAP | NAP | No | NAP | 10/9/2019 | 10/14/2019 | No | 10/25/2019 | NAP | NAP | NAP | ||
13 | Loan | Kohl’s Plaza | NAP | No | NAP | NAP | No | NAP | 9/13/2019 | 10/25/2019 | Yes | 10/3/2019 | NAP | NAP | NAP | ||
14 | Loan | Crimson Retail Portfolio | NAP | No | NAP | NAP | No | NAP | Various | 9/24/2019 | No | 9/24/2019 | NAP | NAP | NAP | ||
14.01 | Property | Little Elm | 9/16/2019 | 9/24/2019 | No | 9/24/2019 | NAP | NAP | NAP | ||||||||
14.02 | Property | South Plaza | 9/16/2019 | 9/24/2019 | No | 9/24/2019 | NAP | NAP | NAP | ||||||||
14.03 | Property | Office Depot | 9/13/2019 | 9/24/2019 | No | 9/24/2019 | NAP | NAP | NAP | ||||||||
14.04 | Property | JoAnn Fabrics | 9/13/2019 | 9/24/2019 | No | 9/24/2019 | NAP | NAP | NAP | ||||||||
15 | Loan | Presidential City | $0 | No | NAP | NAP | No | NAP | 8/29/2019 | 06/28/2019 | No | 06/28/2019 | NAP | NAP | NAP | ||
16 | Loan | Plaistow Center | NAP | No | NAP | NAP | No | NAP | 8/14/2019 | 9/16/2019 | No | 9/16/2019 | NAP | NAP | NAP | ||
17 | Loan | 3100 Alvin Devane | NAP | No | NAP | NAP | No | NAP | 9/26/2019 | 8/26/2019 | No | 8/30/2019 | NAP | NAP | NAP | ||
18 | Loan | Home2 Suites by Hilton Charlotte University Research Park | NAP | No | NAP | NAP | No | NAP | 8/26/2019 | 9/4/2019 | No | 9/4/2019 | NAP | NAP | NAP | ||
19 | Loan | Rochester Portfolio | NAP | No | NAP | NAP | No | NAP | 8/28/2019 | 9/5/2019 | No | Various | NAP | NAP | NAP | ||
19.01 | Property | Westfall Townhomes | 8/28/2019 | 9/5/2019 | No | 9/5/2019 | NAP | NAP | NAP | ||||||||
19.02 | Property | Jefferson Plaza | 8/28/2019 | 9/5/2019 | No | 9/5/2019 | NAP | NAP | NAP | ||||||||
19.03 | Property | Saginaw Plaza | 8/28/2019 | 9/5/2019 | No | 9/5/2019 | NAP | NAP | NAP | ||||||||
19.04 | Property | South Winton Court | 8/28/2019 | 9/5/2019 | No | 9/19/2019 | NAP | NAP | NAP | ||||||||
20 | Loan | 1447 Enterprise Boulevard | NAP | No | NAP | NAP | No | NAP | 10/14/2019 | 10/10/2019 | No | 10/4/2019 | NAP | NAP | NAP | ||
21 | Loan | Shabsels Fee Portfolio | NAP | No | NAP | NAP | No | NAP | Various | 8/9/2019 | No | 8/9/2019 | NAP | NAP | NAP | ||
21.01 | Property | 9 Farm Springs | 6/18/2019 | 8/9/2019 | No | 8/9/2019 | NAP | NAP | NAP | ||||||||
21.02 | Property | Clocktower Place | 6/13/2019 | 8/9/2019 | No | 8/9/2019 | NAP | NAP | NAP | ||||||||
22 | Loan | Greenfield Gateway | NAP | No | NAP | NAP | No | NAP | 04/18/2019 | 05/02/2019 | No | 10/24/2019 | NAP | NAP | NAP | ||
23 | Loan | Gatlin Retail Portfolio | NAP | No | NAP | NAP | No | NAP | Various | 8/22/2019 | No | 8/22/2019 | NAP | NAP | NAP | ||
23.01 | Property | The Forum at Gateways | 7/25/2019 | 8/22/2019 | No | 8/22/2019 | NAP | NAP | NAP | ||||||||
23.02 | Property | Wilson Square Shopping Center | 8/14/2019 | 8/22/2019 | No | 8/22/2019 | NAP | NAP | NAP | ||||||||
24 | Loan | Paradise Shoppes of Summerville | NAP | No | NAP | NAP | No | NAP | 8/6/2019 | 8/14/2019 | No | 8/14/2019 | NAP | NAP | NAP | ||
25 | Loan | Wyndham - Norfolk | NAP | No | NAP | NAP | No | NAP | 8/14/2019 | 10/4/2019 | No | 10/14/2019 | NAP | NAP | NAP | ||
26 | Loan | Sharonville Plaza | NAP | Yes | $337,500 | At any time prior to the date that is 24 months following the Closing Date, Lender shall disburse to Borrower, not more frequently than two (2) times during the term of the Loan. The disbursement will be done in two equal portions upon the following: (i) no Event of Default is ongoing as of the Earnout Payment Date and the date of request receipt by Lender (ii) Lender shall have received an Acceptable Estoppel (a) from the Tenant known as Bank of America, for disbursement of half of the Earnout Deposit or (b) from the Tenant known as Honest Restaurant, for disbursement of other half of the Earnout Deposit (iii) immediately following the disbursement, (a) with respect to Tenant known as Bank of America, DY>=9.9% or (b)with respect to Tenant known as Honest Restaurant, DY>=10.4% | No | NAP | 8/28/2019 | 9/10/2019 | No | 9/10/2019 | NAP | NAP | NAP | ||
27 | Loan | Bemidji Mixed Use Portfolio | NAP | No | NAP | NAP | No | NAP | 9/5/2019 | 9/20/2019 | No | 9/20/2019 | NAP | NAP | NAP | ||
27.01 | Property | Cottage Park Townhomes | 9/5/2019 | 9/20/2019 | No | 9/20/2019 | NAP | NAP | NAP | ||||||||
27.02 | Property | Supreme Business Center | 9/5/2019 | 9/20/2019 | No | 9/20/2019 | NAP | NAP | NAP | ||||||||
27.03 | Property | 519 Anne Street Northwest | 9/5/2019 | 9/20/2019 | No | 9/20/2019 | NAP | NAP | NAP | ||||||||
27.04 | Property | Stonegate Studios | 9/5/2019 | 9/20/2019 | No | 9/20/2019 | NAP | NAP | NAP | ||||||||
28 | Loan | Home2 Suites OKC | NAP | No | NAP | NAP | No | NAP | 09/17/2019 | 09/30/2019 | No | 09/30/2019 | NAP | NAP | NAP | ||
29 | Loan | Hy-Vee Omaha | NAP | No | NAP | NAP | No | NAP | 9/17/2019 | 9/18/2019 | No | 9/17/2019 | NAP | NAP | NAP | ||
30 | Loan | Plaza at Santa Barbara | NAP | No | NAP | NAP | No | NAP | 5/2/2019 | 5/8/2019 | No | 5/8/2019 | NAP | NAP | NAP | ||
31 | Loan | Phoenix Industrial Portfolio II | NAP | No | NAP | NAP | No | NAP | Various | Various | No | Various | NAP | NAP | NAP | ||
31.01 | Property | DuBois | 8/16/2019 | 8/19/2019 | No | 8/19/2019 | NAP | NAP | NAP | ||||||||
31.02 | Property | Jefferson | 8/12/2019 | 8/15/2019 | No | 8/15/2019 | NAP | NAP | NAP | ||||||||
31.03 | Property | Flint | 8/8/2019 | 8/15/2019 | No | 8/15/2019 | NAP | NAP | NAP |
A-1-19
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
AND MORTGAGED PROPERTIES
MORTGAGE LOAN RESERVE INFORMATION(19) | THIRD PARTY REPORTS | ||||||||||||||||
Loan ID | Footnotes | Flag | Deal Name | Other Reserves Cap(21) | Holdback(22) | Holdback Amount(22) | Holdback Description(22) | Letter of Credit | Letter of Credit Description | Appraisal Value Date | Environmental Phase I Report Date(23) | Phase II Performed(23) | Engineering Report Date | Seismic Zone (Y/N) | Seismic Report Date | PML % | |
31.04 | Property | Beloit | 8/12/2019 | 8/15/2019 | No | 8/15/2019 | NAP | NAP | NAP | ||||||||
31.05 | Property | Huntsville | 8/19/2019 | 8/15/2019 | No | 8/15/2019 | NAP | NAP | NAP | ||||||||
32 | Loan | LA Fitness Riverside | NAP | No | NAP | NAP | No | NAP | 09/24/2019 | 10/02/2019 | No | 10/03/2019 | 4 | 10/02/2019 | 12.0% | ||
33 | Loan | Cedar Trails Apartments | NAP | No | NAP | NAP | No | NAP | 9/26/2019 | 10/4/2019 | No | 10/3/2019 | NAP | NAP | NAP | ||
34 | Loan | Maple Ridge Townhomes | NAP | No | NAP | NAP | No | NAP | 9/3/2019 | 9/5/2019 | No | 9/6/2019 | NAP | NAP | NAP | ||
35 | Loan | Bassett Furniture - King of Prussia | NAP | No | NAP | NAP | No | NAP | 9/23/2019 | 9/27/2019 | No | 9/27/2019 | NAP | NAP | NAP | ||
36 | Loan | Villa Carmel | NAP | No | NAP | NAP | No | NAP | 10/10/2019 | 10/17/2019 | No | 10/17/2019 | NAP | NAP | NAP | ||
37 | Loan | Osprey Cove South | NAP | No | NAP | NAP | No | NAP | 9/17/2019 | 9/25/2019 | No | 9/25/2019 | NAP | NAP | NAP | ||
38 | Loan | Del Mar Terrace Apartments | NAP | No | NAP | NAP | No | NAP | 6/7/2019 | 6/17/2019 | No | 6/19/2019 | NAP | NAP | NAP | ||
39 | Loan | Palm View Estates | NAP | No | NAP | NAP | No | NAP | 8/15/2019 | 8/19/2019 | No | 8/19/2019 | 4 | 8/19/2019 | 17.0% | ||
40 | Loan | Alma Elliot Square Shopping Center | NAP | No | NAP | NAP | No | NAP | 8/19/2019 | 8/30/2019 | No | 8/30/2019 | NAP | NAP | NAP | ||
41 | Loan | West Salem MHP | NAP | No | NAP | NAP | No | NAP | 9/18/2019 | 10/3/2019 | No | 10/3/2019 | NAP | NAP | NAP | ||
42 | Loan | 4 Mountainview Terrace | NAP | No | NAP | NAP | No | NAP | 9/5/2019 | 9/11/2019 | No | 9/13/2019 | NAP | NAP | NAP | ||
43 | Loan | Fairfield Inn and Suites Fredericksburg | NAP | No | NAP | NAP | No | NAP | 9/15/2019 | 9/25/2019 | No | 9/26/2019 | NAP | NAP | NAP | ||
44 | Loan | Allen Ridge Luxury Apartments | NAP | No | NAP | NAP | No | NAP | 7/27/2019 | 9/30/2019 | No | 10/29/2019 | NAP | NAP | NAP | ||
45 | Loan | Hampton Inn - McLeansville (Greensboro East) | NAP | No | NAP | NAP | No | NAP | 9/19/2019 | 9/20/2019 | No | 9/19/2019 | NAP | NAP | NAP | ||
46 | Loan | Courtyard by Marriott Secaucus | NAP | No | NAP | NAP | No | NAP | 8/1/2019 | 8/29/2019 | No | 8/29/2019 | NAP | NAP | NAP | ||
47 | Loan | 48 Brookfield Oaks Dr | NAP | No | NAP | NAP | No | NAP | 8/22/2019 | 8/28/2019 | No | 8/28/2019 | NAP | NAP | NAP | ||
48 | Loan | Studio 9Forty Apartments | NAP | No | NAP | NAP | No | NAP | 7/22/2019 | 7/31/2019 | No | 7/31/2019 | NAP | NAP | NAP | ||
49 | Loan | Erie Plaza | NAP | No | NAP | NAP | No | NAP | 7/3/2019 | 7/15/2019 | No | 7/15/2019 | NAP | NAP | NAP | ||
50 | Loan | 2375 South 9th Street | NAP | No | NAP | NAP | No | NAP | 8/31/2019 | 9/6/2019 | No | 9/6/2019 | NAP | NAP | NAP | ||
51 | Loan | Delano MHP | NAP | No | NAP | NAP | No | NAP | 10/25/2019 | 8/21/2019 | No | 8/21/2019 | NAP | NAP | NAP | ||
52 | Loan | Crunch Fitness Tuscaloosa | NAP | No | NAP | NAP | No | NAP | 9/4/2019 | 9/19/2019 | No | 9/19/2019 | NAP | NAP | NAP | ||
53 | Loan | Anchor Danly - Ithaca | NAP | No | NAP | NAP | No | NAP | 9/23/2019 | 4/10/2019 | No | 4/9/2019 | NAP | NAP | NAP | ||
54 | Loan | Belle Place MHC | NAP | No | NAP | NAP | No | NAP | 10/8/2019 | 10/7/2019 | No | 10/8/2019 | NAP | NAP | NAP | ||
55 | Loan | Middlefield MHC | NAP | No | NAP | NAP | No | NAP | 7/2/2019 | 4/30/2019 | No | 7/19/2019 | NAP | NAP | NAP |
A-1-20
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
AND MORTGAGED PROPERTIES
ADDITIONAL PERMITTED DEBT | TOTAL MORTGAGE DEBT INFORMATION | TOTAL DEBT INFORMATION | |||||||||||||||
Loan ID | Footnotes | Flag | Deal Name | Additional Future Debt Permitted | Additional Future Debt Permitted Description | Cut-off Date Pari Passu Mortgage Debt Balance | Cut-off Date Subord. Mortgage Debt Balance | Total Mortgage Debt Cut-off Date LTV Ratio | Total Mortgage Debt UW NCF DSCR | Total Mortgage Debt UW NOI Debt Yield | Cut-off Date Mezzanine Debt Balance | Total Debt Cut-off Date LTV Ratio | Total Debt UW NCF DSCR | Total Debt UW NOI Debt Yield | |||
1 | Loan | The Met Apartments | No | NAP | NAP | NAP | 66.7% | 2.25x | 8.0% | NAP | 66.7% | 2.25x | 8.0% | ||||
2 | Loan | Palm Beach Estates | Yes | Mezzanine: Combined Max LTV 69.0%, Debt Yield>=10.8%, Rating Agency Confirmation, Intercreditor agreement | NAP | NAP | 63.9% | 1.78x | 11.4% | NAP | 63.9% | 1.78x | 11.4% | ||||
3 | Loan | Towne Center East | No | NAP | NAP | NAP | 63.2% | 2.80x | 9.4% | NAP | 63.2% | 2.80x | 9.4% | ||||
4 | Loan | Farmers Insurance | No | NAP | $96,450,000 | NAP | 63.8% | 1.82x | 10.0% | NAP | 63.8% | 1.82x | 10.0% | ||||
5 | Loan | ILPT Industrial Portfolio | No | NAP | $214,400,000 | $135,600,000 | 64.0% | 2.47x | 9.1% | NAP | 64.0% | 2.47x | 9.1% | ||||
5.01 | Property | 1800 Union Airpark Boulevard | 64.0% | 2.47x | 9.1% | 64.0% | 2.47x | 9.1% | |||||||||
5.02 | Property | 4237-4255 Anson Boulevard | 64.0% | 2.47x | 9.1% | 64.0% | 2.47x | 9.1% | |||||||||
5.03 | Property | 5000 Commerce Way | 64.0% | 2.47x | 9.1% | 64.0% | 2.47x | 9.1% | |||||||||
5.04 | Property | 5142 and 5148 North Hanley Road | 64.0% | 2.47x | 9.1% | 64.0% | 2.47x | 9.1% | |||||||||
5.05 | Property | 945 Monument Drive | 64.0% | 2.47x | 9.1% | 64.0% | 2.47x | 9.1% | |||||||||
5.06 | Property | 2801 Airwest Boulevard | 64.0% | 2.47x | 9.1% | 64.0% | 2.47x | 9.1% | |||||||||
5.07 | Property | 20 Logistics Boulevard | 64.0% | 2.47x | 9.1% | 64.0% | 2.47x | 9.1% | |||||||||
5.08 | Property | 5500 SE Delaware Ave | 64.0% | 2.47x | 9.1% | 64.0% | 2.47x | 9.1% | |||||||||
5.09 | Property | 2150 Stanley Road | 64.0% | 2.47x | 9.1% | 64.0% | 2.47x | 9.1% | |||||||||
5.10 | Property | 16101 Queens Court | 64.0% | 2.47x | 9.1% | 64.0% | 2.47x | 9.1% | |||||||||
5.11 | Property | 5 Logistics Drive | 64.0% | 2.47x | 9.1% | 64.0% | 2.47x | 9.1% | |||||||||
6 | Loan | The Sunstone Apartments | No | NAP | NAP | NAP | 63.5% | 2.14x | 7.6% | NAP | 63.5% | 2.14x | 7.6% | ||||
7 | Loan | Duane Reade - Columbia University | No | NAP | NAP | NAP | 67.7% | 1.58x | 6.8% | NAP | 67.7% | 1.58x | 6.8% | ||||
8 | Loan | United Healthcare Office | No | NAP | $46,800,000 | NAP | 66.7% | 1.56x | 10.2% | $6,000,000 | 75.2% | 1.30x | 9.0% | ||||
9 | Loan | Patriots Crossing Apartments | No | NAP | NAP | NAP | 72.5% | 1.61x | 9.8% | NAP | 72.5% | 1.61x | 9.8% | ||||
10 | Loan | Redwood Technology Center | No | NAP | $36,500,000 | NAP | 71.6% | 1.55x | 9.7% | NAP | 71.6% | 1.55x | 9.7% | ||||
11 | Loan | Edgewood Apartments | No | NAP | NAP | NAP | 72.0% | 1.39x | 8.5% | NAP | 72.0% | 1.39x | 8.5% | ||||
12 | Loan | 420 North Main Street | No | NAP | NAP | NAP | 69.6% | 1.82x | 11.2% | NAP | 69.6% | 1.82x | 11.2% | ||||
13 | Loan | Kohl’s Plaza | No | NAP | NAP | NAP | 60.5% | 1.87x | 9.0% | NAP | 60.5% | 1.87x | 9.0% | ||||
14 | Loan | Crimson Retail Portfolio | No | NAP | $33,112,500 | NAP | 72.5% | 1.83x | 10.8% | NAP | 72.5% | 1.83x | 10.8% | ||||
14.01 | Property | Little Elm | 72.5% | 1.83x | 10.8% | 72.5% | 1.83x | 10.8% | |||||||||
14.02 | Property | South Plaza | 72.5% | 1.83x | 10.8% | 72.5% | 1.83x | 10.8% | |||||||||
14.03 | Property | Office Depot | 72.5% | 1.83x | 10.8% | 72.5% | 1.83x | 10.8% | |||||||||
14.04 | Property | JoAnn Fabrics | 72.5% | 1.83x | 10.8% | 72.5% | 1.83x | 10.8% | |||||||||
15 | Loan | Presidential City | No | NAP | $117,000,000 | $100,600,000 | 57.3% | 2.31x | 8.3% | $72,400,000 | 76.3% | 1.41x | 6.3% | ||||
16 | Loan | Plaistow Center | No | NAP | NAP | NAP | 74.2% | 1.75x | 10.8% | NAP | 74.2% | 1.75x | 10.8% | ||||
17 | Loan | 3100 Alvin Devane | No | NAP | NAP | NAP | 75.0% | 1.43x | 8.7% | NAP | 75.0% | 1.43x | 8.7% | ||||
18 | Loan | Home2 Suites by Hilton Charlotte University Research Park | No | NAP | NAP | NAP | 69.9% | 1.92x | 12.3% | NAP | 69.9% | 1.92x | 12.3% | ||||
19 | Loan | Rochester Portfolio | No | NAP | NAP | NAP | 53.0% | 1.79x | 11.7% | NAP | 53.0% | 1.79x | 11.7% | ||||
19.01 | Property | Westfall Townhomes | 53.0% | 1.79x | 11.7% | 53.0% | 1.79x | 11.7% | |||||||||
19.02 | Property | Jefferson Plaza | 53.0% | 1.79x | 11.7% | 53.0% | 1.79x | 11.7% | |||||||||
19.03 | Property | Saginaw Plaza | 53.0% | 1.79x | 11.7% | 53.0% | 1.79x | 11.7% | |||||||||
19.04 | Property | South Winton Court | 53.0% | 1.79x | 11.7% | 53.0% | 1.79x | 11.7% | |||||||||
20 | Loan | 1447 Enterprise Boulevard | No | NAP | NAP | NAP | 68.6% | 1.31x | 9.6% | NAP | 68.6% | 1.31x | 9.6% | ||||
21 | Loan | Shabsels Fee Portfolio | No | NAP | NAP | NAP | 71.6% | 1.52x | 7.7% | NAP | 71.6% | 1.52x | 7.7% | ||||
21.01 | Property | 9 Farm Springs | 71.6% | 1.52x | 7.7% | 71.6% | 1.52x | 7.7% | |||||||||
21.02 | Property | Clocktower Place | 71.6% | 1.52x | 7.7% | 71.6% | 1.52x | 7.7% | |||||||||
22 | Loan | Greenfield Gateway | No | NAP | NAP | NAP | 55.8% | 1.81x | 10.7% | NAP | 55.8% | 1.81x | 10.7% | ||||
23 | Loan | Gatlin Retail Portfolio | Yes | Mezzanine up to $2.0 million with a rate of up to 12.0%: Combined Max DSCR>=1.25x, LTV<=80.7%, Dent Yield>=7.7% (iii) Each of “LA Fitness”, “Walmart” at Wilson Square Shopping Center and “Walmart” at The Forum at Gateways, satisfy all of the Operating Conditions; (v) Intercreditor Agreements | $23,708,250 | NAP | 76.6% | 1.53x | 9.6% | NAP | 76.6% | 1.53x | 9.6% | ||||
23.01 | Property | The Forum at Gateways | 76.6% | 1.53x | 9.6% | 76.6% | 1.53x | 9.6% | |||||||||
23.02 | Property | Wilson Square Shopping Center | 76.6% | 1.53x | 9.6% | 76.6% | 1.53x | 9.6% | |||||||||
24 | Loan | Paradise Shoppes of Summerville | No | NAP | NAP | NAP | 69.8% | 1.48x | 8.8% | NAP | 69.8% | 1.48x | 8.8% | ||||
25 | Loan | Wyndham - Norfolk | No | NAP | NAP | NAP | 43.9% | 4.68x | 22.5% | NAP | 43.9% | 4.68x | 22.5% | ||||
26 | Loan | Sharonville Plaza | No | NAP | NAP | NAP | 78.6% | 1.82x | 11.3% | NAP | 78.6% | 1.85x | 11.5% | ||||
27 | Loan | Bemidji Mixed Use Portfolio | No | NAP | NAP | NAP | 69.9% | 1.41x | 9.5% | NAP | 69.9% | 1.41x | 9.5% | ||||
27.01 | Property | Cottage Park Townhomes | 69.9% | 1.41x | 9.5% | 69.9% | 1.41x | 9.5% | |||||||||
27.02 | Property | Supreme Business Center | 69.9% | 1.41x | 9.5% | 69.9% | 1.41x | 9.5% | |||||||||
27.03 | Property | 519 Anne Street Northwest | 69.9% | 1.41x | 9.5% | 69.9% | 1.41x | 9.5% | |||||||||
27.04 | Property | Stonegate Studios | 69.9% | 1.41x | 9.5% | 69.9% | 1.41x | 9.5% | |||||||||
28 | Loan | Home2 Suites OKC | No | NAP | NAP | NAP | 63.9% | 1.96x | 13.3% | NAP | 63.9% | 1.96x | 13.3% | ||||
29 | Loan | Hy-Vee Omaha | No | NAP | NAP | NAP | 67.6% | 1.84x | 8.2% | NAP | 67.6% | 1.84x | 8.2% | ||||
30 | Loan | Plaza at Santa Barbara | No | NAP | NAP | NAP | 61.7% | 1.86x | 11.3% | NAP | 61.7% | 1.86x | 11.3% | ||||
31 | Loan | Phoenix Industrial Portfolio II | No | NAP | $68,000,000 | NAP | 74.2% | 1.41x | 9.8% | NAP | 74.2% | 1.41x | 9.8% | ||||
31.01 | Property | DuBois | 74.2% | 1.41x | 9.8% | 74.2% | 1.41x | 9.8% | |||||||||
31.02 | Property | Jefferson | 74.2% | 1.41x | 9.8% | 74.2% | 1.41x | 9.8% | |||||||||
31.03 | Property | Flint | 74.2% | 1.41x | 9.8% | 74.2% | 1.41x | 9.8% |
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ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
AND MORTGAGED PROPERTIES
ADDITIONAL PERMITTED DEBT | TOTAL MORTGAGE DEBT INFORMATION | TOTAL DEBT INFORMATION | |||||||||||||||
Loan ID | Footnotes | Flag | Deal Name | Additional Future Debt Permitted | Additional Future Debt Permitted Description | Cut-off Date Pari Passu Mortgage Debt Balance | Cut-off Date Subord. Mortgage Debt Balance | Total Mortgage Debt Cut-off Date LTV Ratio | Total Mortgage Debt UW NCF DSCR | Total Mortgage Debt UW NOI Debt Yield | Cut-off Date Mezzanine Debt Balance | Total Debt Cut-off Date LTV Ratio | Total Debt UW NCF DSCR | Total Debt UW NOI Debt Yield | |||
31.04 | Property | Beloit | 74.2% | 1.41x | 9.8% | 74.2% | 1.41x | 9.8% | |||||||||
31.05 | Property | Huntsville | 74.2% | 1.41x | 9.8% | 74.2% | 1.41x | 9.8% | |||||||||
32 | Loan | LA Fitness Riverside | No | NAP | NAP | NAP | 54.8% | 1.75x | 10.4% | NAP | 54.8% | 1.75x | 10.4% | ||||
33 | Loan | Cedar Trails Apartments | No | NAP | NAP | NAP | 75.0% | 1.38x | 8.4% | NAP | 75.0% | 1.38x | 8.4% | ||||
34 | Loan | Maple Ridge Townhomes | No | NAP | NAP | NAP | 67.3% | 1.40x | 8.2% | NAP | 67.3% | 1.40x | 8.2% | ||||
35 | Loan | Bassett Furniture - King of Prussia | No | NAP | NAP | NAP | 58.8% | 2.10x | 9.5% | NAP | 58.8% | 2.10x | 9.5% | ||||
36 | Loan | Villa Carmel | No | NAP | NAP | NAP | 60.4% | 1.65x | 7.5% | NAP | 60.4% | 1.65x | 7.5% | ||||
37 | Loan | Osprey Cove South | No | NAP | NAP | NAP | 70.7% | 1.84x | 11.5% | NAP | 70.7% | 1.84x | 11.5% | ||||
38 | Loan | Del Mar Terrace Apartments | No | NAP | $16,200,000 | NAP | 16.2% | 11.11x | 34.2% | NAP | 16.2% | 11.11x | 34.2% | ||||
39 | Loan | Palm View Estates | No | NAP | NAP | NAP | 70.1% | 1.42x | 8.5% | NAP | 70.1% | 1.42x | 8.5% | ||||
40 | Loan | Alma Elliot Square Shopping Center | No | NAP | NAP | NAP | 65.0% | 2.19x | 10.1% | NAP | 65.0% | 2.19x | 10.1% | ||||
41 | Loan | West Salem MHP | No | NAP | NAP | NAP | 66.7% | 1.64x | 9.7% | NAP | 66.7% | 1.64x | 9.7% | ||||
42 | Loan | 4 Mountainview Terrace | No | NAP | NAP | NAP | 69.5% | 2.01x | 13.1% | NAP | 69.5% | 2.01x | 13.1% | ||||
43 | Loan | Fairfield Inn and Suites Fredericksburg | No | NAP | NAP | NAP | 67.0% | 1.98x | 13.8% | NAP | 67.0% | 1.98x | 13.8% | ||||
44 | Loan | Allen Ridge Luxury Apartments | No | NAP | NAP | NAP | 63.9% | 1.50x | 9.3% | NAP | 63.9% | 1.50x | 9.3% | ||||
45 | Loan | Hampton Inn - McLeansville (Greensboro East) | No | NAP | NAP | NAP | 58.4% | 2.27x | 15.0% | NAP | 58.4% | 2.27x | 15.0% | ||||
46 | Loan | Courtyard by Marriott Secaucus | No | NAP | $14,945,406 | NAP | 58.6% | 1.96x | 15.5% | NAP | 58.6% | 1.96x | 15.5% | ||||
47 | Loan | 48 Brookfield Oaks Dr | No | NAP | NAP | NAP | 69.3% | 1.72x | 10.8% | NAP | 69.3% | 1.72x | 10.8% | ||||
48 | Loan | Studio 9Forty Apartments | No | NAP | NAP | NAP | 74.6% | 1.39x | 8.2% | NAP | 74.6% | 1.39x | 8.2% | ||||
49 | Loan | Erie Plaza | No | NAP | NAP | NAP | 73.6% | 1.46x | 8.9% | NAP | 73.6% | 1.46x | 8.9% | ||||
50 | Loan | 2375 South 9th Street | No | NAP | NAP | NAP | 66.5% | 1.46x | 8.6% | NAP | 66.5% | 1.46x | 8.6% | ||||
51 | Loan | Delano MHP | No | NAP | NAP | NAP | 68.0% | 1.58x | 9.8% | NAP | 68.0% | 1.58x | 9.8% | ||||
52 | Loan | Crunch Fitness Tuscaloosa | No | NAP | NAP | NAP | 66.0% | 1.47x | 10.4% | NAP | 66.0% | 1.47x | 10.4% | ||||
53 | Loan | Anchor Danly - Ithaca | No | NAP | NAP | NAP | 52.8% | 1.86x | 13.2% | NAP | 52.8% | 1.86x | 13.2% | ||||
54 | Loan | Belle Place MHC | No | NAP | NAP | NAP | 68.7% | 1.85x | 10.9% | NAP | 68.7% | 1.85x | 10.9% | ||||
55 | Loan | Middlefield MHC | No | NAP | NAP | NAP | 61.8% | 1.51x | 9.5% | NAP | 61.8% | 1.51x | 9.5% |
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CSAIL 2019-C18 | |
FOOTNOTES TO ANNEX A-1 | |
(1) | “Column” denotes Column Financial, Inc., “UBS AG” denotes UBS AG, by and through its branch office at 1285 Avenue of the America, New York, New York, “RREF” denotes Rialto Real Estate Fund III – Debt, LP, “CIBC” denotes CIBC Inc., LLC and “SGFC” denotes Societe Generale Financial Corporation. |
(2) | With respect to any mortgaged property securing a multi property Mortgage Loan, the amounts listed under the headings Original Balance, Cut-off Date Balance and Maturity/ARD reflect the allocated loan amount related to such mortgaged property. |
(3) | Each of Loan Nos 4, 5, 8, 10, 14, 15, 23, 31, 38 and 46 are part of a whole loan related to the issuing entity. For further information, see “Description of the Mortgage Pool—The Whole Loans—The Serviced Pari Passu Whole Loans”, “—The Non-Serviced Pari Passu Whole Loans”, “—The Non-Serviced AB Whole Loans” and “Pooling and Servicing Agreement—Servicing of the Non-Serviced Mortgage Loans”, as applicable, in the prospectus. |
(4) | Loan No. 21, Shabsels Fee Portfolio – The mortgaged properties are subject to two ground leases. One ground lease is between Milton 11200 West Florissant Avenue LLC (as successor-in-interest to Millennial Holdings Property Trust), as landlord, and 11200 West Florissant Realty LLC and 11200 West Florissant Avenue Leasing LLC, as tenants, dated March 30, 2018 with a 99-year lease term expiring March 29, 2117 and initial annual ground rent of $360,000. The second ground lease is between Milton 9 Farm Springs LLC (as successor-in-interest to First Majestic Property Trust), as landlord, and 9 Farm Springs Real Estate LLC and 9 Farm Springs Leasing LLC, as tenants, dated September 5, 2018 with a 99-year lease term expiring September 4, 2117 and initial annual ground rent of $450,000. |
Loan No. 30, Plaza at Santa Barbara – The largest tenant, CVS 5041 FL, LLC (“CVS”), is a tenant at the mortgaged property pursuant to a sub-ground lease for 14,094 SF of NRA. CVS initially ground leased its space from the related borrower in February 2010. In November 2011, CVS assigned its ground lease to a third party entity, SCP 2011-C38-505 LLC (“SCP”) and simultaneously sub-ground leased the leased premises back from SCP. CVS’ parent entity, CVS Health Corporation remains a guarantor and must fulfill the obligations of SCP under the prime ground lease. | |
Loan No. 46, Courtyard By Marriott Secaucus – The mortgaged property is subject to a ground lease with HMGL LLC, as the ground lessor, dated April 1, 1986 that has an expiration date of June 28, 2037, subject to four extension periods of 10 years each, where the current annual fixed rent due under the ground lease is approximately $366,211. | |
(5) | Loan No. 2, Palm Beach Estates – A portion of the mortgaged property (3.3 acres out of 25.2 acres total) is subject to a land use restriction via deed that limits the use of that portion of the mortgaged property to multifamily housing. |
(6) | Certain of the mortgage loans include parcels ground leased to tenants in the calculation of the total square footage and the occupancy of the mortgaged property. |
Loan No. 13, Kohl’s Plaza, – The mortgaged property includes two outparcels ground leased to Pizza Hut (3,745 SF) and Chase Bank (300 SF) which are included in the calculation of the total square footage. | |
(7) | In certain cases, mortgaged properties may have tenants that have executed leases that were included in the underwriting but have not yet commenced paying rent and/or are not in occupancy including with respect to the largest five tenants at each mortgaged properties: |
Loan No. 10, Redwood Technology Center – The largest tenant, Ciena Corporation (“Ciena”), is not in occupancy of 18,773 SF of the 57,673 SF leased by such tenant, however, Ciena is paying rent on its entire space. | |
Loan No. 14, Crimson Portfolio – The largest tenant at the South Plaza mortgaged property, Winn Dixie, has executed an amendment to expand into an additional 2,500 SF. The tenant has not taken occupancy nor commenced paying rent for the additional space and the third largest tenant at the South Plaza mortgaged property, Focus Fit, has four months of free rent beginning May 2020 through August 2020. |
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Loan No. 15, Presidential City – The borrower reserved (i) $150,000 into a reserve account for the outstanding approved leasing expenses for Eastern University, and (ii) $270,833 into a reserve account for funding of free rent periods, rent abatements or rent reductions relating to Eastern University. | |
Loan No. 19, Rochester Portfolio – The 2nd largest tenant at the Jefferson Plaza mortgaged property, Closeout Carpet and Flooring, along with two non-top 5 tenants, Tandoor of India and Just Chicken, are not yet in occupancy. Tandoor of India is currently operating and paying rent under an expired lease in its existing location at the Jefferson Plaza mortgaged property and needs to move to its new space under a new lease in order for Closeout Carpet and Flooring and Just Chicken to move into their respective spaces. Closeout Carpet and Flooring is paying its rent while awaiting its space while Just Chicken is not. At origination, $266,939 was deposited into a reserve to be released upon Closeout Carpet and Flooring, Tandoor of India and Just Chicken being open for business and paying rent. In addition, Closeout Carpet and Flooring is a sponsor-affiliated tenant and the borrower sponsor is guaranteeing its rent. | |
Loan No. 22, Greenfield Gateway – The borrower has reserved $87,000 for approximately one year of base rent and reimbursements for the second largest tenant at the mortgaged property. Greenfield Gateway’s second largest tenant has an executed lease with a scheduled lease commencement of December 1, 2019, and was underwritten as if the tenant is in place. | |
Loan No. 23, Gatlin Retail Portfolio – Blink Fitness, Dollar Tree and Rondo Produce Market have each executed leases, but are not yet in occupancy and have not commenced paying rent. | |
(8) | With regards to all mortgage loans, the Cut-Off Date LTV Ratio and the Maturity Date LTV Ratio are based on the “as-is” Appraised Value even though, for certain mortgage loans, the appraiser provided “as-stabilized” values based on certain criteria being met. |
Loan No. 5, ILPT Industrial Portfolio – The Appraised Value of $547,000,000 is based on the aggregate “as-is” appraised values. The appraised value based on a portfolio appraised value is $575,000,000, resulting in a Cut-off Date LTV Ratio and Maturity Date LTV Ratio of 37.3% and 37.3%, respectively. | |
(9) | For each mortgage loan, the excess of the related Interest Rate % over the related Servicing Fee Rate, the Trustee/Certificate Administrator Fee Rate, the Operating Advisor Fee Rate and the CREFC® Intellectual Property Royalty License Fee Rate (collectively, the “Admin Fee %”). |
(10) | Loan No. 32, LA Fitness Riverside – The mortgage loan had an initial term of 120 months and requires interest-only payments through December 1, 2024 and payments based on a 30-year amortization schedule thereafter. The anticipated repayment date is December 1, 2029 and the final maturity date is November 1, 2034. In the event the mortgage loan is not repaid in full on or before the anticipated repayment date, the interest rate will increase by 3.0% (post-ARD additional interest rate) to 6.9200% per annum and, as of the anticipated repayment date, the mortgage loan will have a remaining term of 60 months. The anticipated repayment date automatically triggers a full cash flow sweep during which all excess cash flow will be used to pay down the principal balance of the mortgage loan. |
(11) | The classification of the lockbox types is described in the prospectus. See “Description of the Mortgage Pool—Mortgaged Property” for further details. |
(12) | The UW NOI DSCR and UW NCF DSCR for all partial interest-only mortgage loans were calculated based on the first principal and interest payment after the interest-only period during the term of the mortgage loan. |
(13) | The “L” component of the prepayment provision represents lockout payments |
The “Def” component of the prepayment provision represents defeasance payments | |
The “YM0.5” component of the prepayment provision represents greater of 0.5% of principal balance or yield maintenance payments. | |
The “YM1” component of the prepayment provision represents greater of 1% of principal balance or yield maintenance payments. | |
The “YM2” component of the prepayment provision represents greater of 2% of principal balance or yield maintenance payments. | |
The “O” component of the prepayment provision represents the free payments including the Maturity Date |
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(14) | With respect to Mortgage Loan Nos. 4, 14, 15, 24 and 51, the related loan documents permit a partial collateral release subject to LTV, DSCR and/or Debt Yield tests, or other release conditions in connection with a partial defeasance or prepayment of the related mortgage loan. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Defeasance; Collateral Substitution” and “—Partial Releases” in the prospectus |
(15) | With respect to Mortgage Loan Nos. 1, 4, 6, 12, 14, 15, 20, 22, 27, 28, 29, 31, 34, 35, 36, 37, 48, 50, 52, 53, 54 certain mortgaged properties (i) were constructed or the subject of a major renovation that was completed within 12 calendar months prior to the cut-off date and, therefore, the related mortgaged property has no or limited prior operating history, (ii) have a borrower or an affiliate under the related mortgage loan that acquired the related mortgaged property within 12 calendar months prior to the cut-off date and such borrower or affiliate was unable to provide the related mortgage loan seller with historical financial information for such acquired mortgaged property and/or (iii) are single tenant properties subject to triple-net leases with the related tenant where the related borrower did not provide the related mortgage loan seller with historical financial information for the related mortgaged property. |
(16) | With regards to the footnotes hereto, no footnotes have been provided with respect to tenants that are not among the five largest tenants by square footage for any mortgaged property. |
(17) | In certain cases, the data for tenants occupying multiple spaces includes square footage for all leases and is presented with the expiration date of the largest square footage expiring. |
(18) | The lease expirations shown are based on full lease terms; however, in some instances, the tenant may have the option to terminate its lease with respect to all or a portion of its leased space prior to the expiration date shown. In addition, in some instances, a tenant may have the right to assign its lease or sublease the leased premises and be released from its obligations under the subject lease. See “Description of the Mortgage Pool—Tenant Issues—Lease Expirations and Terminations—Terminations” in the prospectus for information regarding certain lease termination options affecting the 5 largest tenants at mortgaged properties securing the 15 largest mortgage loans. |
Loan No 19, Rochester Portfolio – The 5th largest tenant at the Jefferson Plaza mortgaged property, Uniform Village, may terminate its lease before December 31, 2020 with six months prior notice or during the final 36 months of its lease with three months prior notice. The 2nd largest tenant at the Saginaw Plaza mortgaged property, Young & Company CPAs, may terminate its lease at any time upon 60 days prior written notice and payment of a termination fee of $9,000. The 5th largest tenant at the Saginaw Plaza mortgaged property, New York Technology Partners, may terminate its lease at any time after December 1, 2022 with 90 days prior written notice. | |
Loan No. 21, Shabsels Fee Portfolio – The sole tenant at the 9 Farm Springs mortgaged property, United Technologies Corporation, has the right to terminate its lease for the 20,781 SF garden level suite, 5,600 SF 1st floor suite and 5,582 SF of the garden level premises with 90 days’ prior written notice. The third largest Tenant at the Clocktower Place mortgaged property, Aldi, has the right to terminate its lease effective at any time after the expiration of the initial 15-year lease term on December 31, 2024 with 12-months’ prior written notice and payment of a $30,000 termination fee. | |
Loan No. 23, Gatlin Retail Portfolio, Blink Fitness (3.5% NRA) has the right to terminate its lease upon 30 days prior written notice in the event at least 65% of the gross leasable square footage of the Mortgaged Property is not occupied within 12 months after the date tenant opens for business. Additionally, Blink Fitness has the right to terminate its lease in the event landlord does not deliver possession of the premises with landlord’s work substantially completed by September 1, 2020. Dollar Tree (3.7% of NRA) has the right to terminate its lease in the event Walmart vacates the premises or ceases to operate and the Walmart space remains unoccupied for six months. Dollar Tree also has the right to terminate its lease if the exclusive use provisions in its lease are violated and such violation continues for 30 days after written notice from tenant of such violation. Additionally, Dollar Tree may terminate its lease upon 30 days’ notice if landlord fails to perform any of landlord’s obligations under the lease and such failure results in a default that is not cured. | |
Loan No. 31, Phoenix Industrial Portfolio II – The largest tenant at the Huntsville mortgaged property, Boneal Aerospace, Inc., has the right to terminate its lease effective February 29, 2020 with notice provided by November 30, 2019 and payment of a termination fee of $111,462. The landlord and the third largest tenant at |
A-1-25
the Huntsville mortgaged property, Custom Assembly, Inc., have a mutual right of termination under the related lease with 30 days’ notice and no termination fee. | |
Loan No. 42, 4 Mountainview Terrace – The second largest tenant, BMO Harris Bank, N.A., has the right to terminate its lease effective January 1, 2022 with notice provided by July 1, 2021 and payment of a termination fee comprised of the unamortized balance of the construction allowance, leasing commissions and the 8-month rent abatement. | |
Loan No. 49, Erie Plaza – The fourth largest tenant, The GEO Group, has the right to terminate its lease on December 31st of each year with 90 days’ notice and payment of a termination fee equal to $19,000. | |
(19) | Represents the amount deposited by the borrower at origination. All or a portion of this amount may have been released pursuant to the terms of the related mortgage loan documents. |
(20) | Represents the upfront and monthly amounts required to be deposited by the borrower. The monthly collected amounts may be increased or decreased pursuant to the terms of the related mortgage loan documents. In certain cases, reserves with $0 balances are springing and are collected in the event of certain conditions being triggered in the respective mortgage loan documents. In certain other cases, all excess cash flow will be swept into reserve accounts in the event of certain conditions being triggered in the respective mortgage loan documents. |
(21) | Represents a cap on the amount required to be deposited by the borrower pursuant to the related mortgage loan documents. In certain cases, during the term of the mortgage loan, the caps may be altered or terminated subject to conditions of the respective mortgage loan documents. |
(22) | Loan No. 26, Sharonville Plaza – An earnout reserve in the amount of $337,500 was escrowed at loan origination. The lender will release $168,750 in the earnout reserve, provided that, (i) Bank of America has completed the buildout and fixturing of its leased premises, (ii) all tenant costs, leasing commissions and other material costs and expenses relating to Bank of America’s leased premises have been paid in full, (iii) Bank of America is paying the full contractual rent, (iv) Bank of America is conducting normal business operations with the public at its leased premises, and (v) the Debt Yield is equal to or greater than 9.9%. The lender will release $168,750 in the earnout reserve, provided that, (i) Honest Restaurant has completed the buildout and fixturing of its leased premises, (ii) all tenant costs, leasing commissions and other material costs and expenses relating to Honest Restaurant’s leased premises have been paid in full, (iii) Honest Restaurant is paying the full contractual rent, (iv) Honest Restaurant is conducting normal business operations with the public at its leased premises, and (v) the Debt Yield is equal to or greater than 10.4%. Each such earnout reserve release must be applied to prepayment of the mortgage loan if it is not released to the borrower by October 31, 2021. Assuming the full earnout reserve is applied to the full loan amount of $8,900,000, the Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, U/W NOI Debt Yield and U/W NCF Debt Yield are 75.7%, 59.8%, 11.8%, and 11.0%, respectively. |
(23) | Each of Loan Nos. 1, 3, 6 and 11, the related borrower obtained environmental insurance for each of the mortgaged properties in lieu of recourse carve out liability for a breach of environmental covenants or the guarantor delivering an environmental indemnity. |
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